0001193125-15-113323.txt : 20150331 0001193125-15-113323.hdr.sgml : 20150331 20150331104815 ACCESSION NUMBER: 0001193125-15-113323 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150131 FILED AS OF DATE: 20150331 DATE AS OF CHANGE: 20150331 EFFECTIVENESS DATE: 20150331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DFA INVESTMENT DIMENSIONS GROUP INC CENTRAL INDEX KEY: 0000355437 IRS NUMBER: 363129984 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03258 FILM NUMBER: 15737210 BUSINESS ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: (512) 306-7400 MAIL ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: DFA SMALL CO FUND INC DATE OF NAME CHANGE: 19830621 0000355437 S000000948 U.S. MICRO CAP PORTFOLIO C000002699 U.S. MICRO CAP PORTFOLIO - INSTITUTIONAL CLASS DFSCX 0000355437 S000000949 DFA REAL ESTATE SECURITIES PORTFOLIO C000002700 DFA REAL ESTATE SECURITIES PORTFOLIO - INSTITUTIONAL CLASS DFREX 0000355437 S000000950 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO C000002701 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO - INSTITUTIONAL CLASS DISVX 0000355437 S000000951 VA INTERNATIONAL SMALL PORTFOLIO C000002702 VA INTERNATIONAL SMALL PORTFOLIO 0000355437 S000000952 VA INTERNATIONAL VALUE PORTFOLIO C000002703 VA INTERNATIONAL VALUE PORTFOLIO 0000355437 S000000953 VA U.S. TARGETED VALUE PORTFOLIO C000002704 VA U.S. TARGETED VALUE PORTFOLIO 0000355437 S000000954 VA SHORT-TERM FIXED PORTFOLIO C000002705 VA SHORT-TERM FIXED PORTFOLIO 0000355437 S000000955 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO C000002706 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO - INSTITUTIONAL CLASS DFGFX 0000355437 S000000956 ENHANCED U.S. LARGE COMPANY PORTFOLIO C000002707 ENHANCED U.S. LARGE COMPANY PORTFOLIO DFELX 0000355437 S000000957 EMERGING MARKETS PORTFOLIO C000002708 EMERGING MARKETS PORTFOLIO - INSTITUTIONAL CLASS DFEMX 0000355437 S000000959 EMERGING MARKETS VALUE PORTFOLIO C000002710 EMERGING MARKETS VALUE PORTFOLIO - INSTITUTIONAL CLASS DFEVX C000095345 Emerging Markets Value Portfolio - Class R2 Shares 0000355437 S000000960 LWAS/DFA INTERNATIONAL HIGH BOOK TO MARKET PORTFOLIO C000002711 LWAS/DFA INTERNATIONAL HIGH BOOK TO MARKET PORTFOLIO DFHBX 0000355437 S000000961 VA U.S. LARGE VALUE PORTFOLIO C000002712 VA U.S. LARGE VALUE PORTFOLIO 0000355437 S000000962 VA GLOBAL BOND PORTFOLIO C000002713 VA GLOBAL BOND PORTFOLIO 0000355437 S000000963 JAPANESE SMALL COMPANY PORTFOLIO C000002714 JAPANESE SMALL COMPANY PORTFOLIO - INSTITUTIONAL CLASS DFJSX 0000355437 S000000964 UNITED KINGDOM SMALL COMPANY PORTFOLIO C000002715 UNITED KINGDOM SMALL COMPANY PORTFOLIO - INSTITUTIONAL CLASS DFUKX 0000355437 S000000965 CONTINENTAL SMALL COMPANY PORTFOLIO C000002716 CONTINENTAL SMALL COMPANY PORTFOLIO - INSTITUTIONAL CLASS DFCSX 0000355437 S000000966 ASIA PACIFIC SMALL COMPANY PORTFOLIO C000002717 ASIA PACIFIC SMALL COMPANY PORTFOLIO - INSTITUTIONAL CLASS DFRSX 0000355437 S000000967 INTERNATIONAL SMALL COMPANY PORTFOLIO C000002718 INTERNATIONAL SMALL COMPANY PORTFOLIO - INSTITUTIONAL CLASS DFISX 0000355437 S000000968 DFA ONE-YEAR FIXED INCOME PORTFOLIO C000002719 DFA ONE-YEAR FIXED INCOME PORTFOLIO - INSTITUTIONAL CLASS DFIHX 0000355437 S000000969 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO C000002720 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO - INSTITUTIONAL CLASS DFGBX 0000355437 S000000970 U.S. Targeted Value Portfolio C000002721 U.S. Targeted Value Portfolio - Institutional Class DFFVX C000053633 U.S. Targeted Value Portfolio - Class R1 C000053634 U.S. Targeted Value Portfolio - Class R2 0000355437 S000000971 U.S. SMALL CAP PORTFOLIO C000002722 U.S. SMALL CAP PORTFOLIO - INSTITUTIONAL CLASS DFSTX 0000355437 S000000972 TAX-MANAGED U.S. EQUITY PORTFOLIO C000002723 TAX-MANAGED U.S. EQUITY PORTFOLIO DTMEX 0000355437 S000000973 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO C000002724 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO DFSMX 0000355437 S000000974 TAX-MANAGED U.S. MARKETWIDE VALUE PORTFOLIO C000002725 TAX-MANAGED U.S. MARKETWIDE VALUE PORTFOLIO DTMMX 0000355437 S000000975 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO C000002726 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO DTMIX 0000355437 S000000976 TAX-MANAGED U.S. SMALL CAP PORTFOLIO C000002727 TAX-MANAGED U.S. SMALL CAP PORTFOLIO DFTSX 0000355437 S000000977 Tax-Managed U.S. Targeted Value Portfolio C000002728 Tax-Managed U.S. Targeted Value Portfolio DTMVX 0000355437 S000000978 EMERGING MARKETS CORE EQUITY PORTFOLIO C000002729 EMERGING MARKETS CORE EQUITY PORTFOLIO - INSTITUTIONAL CLASS DFCEX 0000355437 S000000979 U.S. CORE EQUITY 1 PORTFOLIO C000002730 U.S. CORE EQUITY 1 PORTFOLIO - INSTITUTIONAL CLASS DFEOX 0000355437 S000000980 U.S. CORE EQUITY 2 PORTFOLIO C000002731 U.S. CORE EQUITY 2 PORTFOLIO - INSTITUTIONAL CLASS DFQTX 0000355437 S000000981 EMERGING MARKETS SMALL CAP PORTFOLIO C000002732 EMERGING MARKETS SMALL CAP PORTFOLIO - INSTITUTIONAL CLASS DEMSX 0000355437 S000000982 U.S. VECTOR EQUITY PORTFOLIO C000002733 U.S. VECTOR EQUITY PORTFOLIO - INSTITUTIONAL CLASS DFVEX 0000355437 S000000983 INTERNATIONAL CORE EQUITY PORTFOLIO C000002734 INTERNATIONAL CORE EQUITY PORTFOLIO - INSTITUTIONAL CLASS DFIEX 0000355437 S000000984 DFA SHORT-TERM GOVERNMENT PORTFOLIO C000002735 DFA SHORT-TERM GOVERNMENT PORTFOLIO - INSTITUTIONAL CLASS DFFGX 0000355437 S000000985 LARGE CAP INTERNATIONAL PORTFOLIO C000002736 LARGE CAP INTERNATIONAL PORTFOLIO - INSTITUTIONAL CLASS DFALX 0000355437 S000000986 DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO C000002737 DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO - INSTITUTIONAL CLASS DFIGX 0000355437 S000000987 U.S. SMALL CAP VALUE PORTFOLIO C000002738 U.S. SMALL CAP VALUE PORTFOLIO - INSTITUTIONAL CLASS DFSVX 0000355437 S000000988 U.S. LARGE CAP VALUE PORTFOLIO C000002739 U.S. LARGE CAP VALUE PORTFOLIO - INSTITUTIONAL CLASS DFLVX 0000355437 S000012960 Emerging Markets Social Core Equity Portfolio C000035022 Emerging Markets Social Core Equity Portfolio Shares 0000355437 S000013345 DFA Inflation-Protected Securities Portfolio C000036041 DFA Inflation-Protected Securities Portfolio - Institutional Class 0000355437 S000014548 DFA International Real Estate Securities Portfolio C000039642 DFA International Real Estate Securities Portfolio - Institutional Class 0000355437 S000016731 DFA California Short-Term Municipal Bond Portfolio C000046747 DFA California Short-Term Municipal Bond Portfolio - Institutional Class 0000355437 S000016732 T.A. U.S. Core Equity 2 Portfolio C000046748 T.A. U.S. Core Equity 2 Portfolio - Institutional Class 0000355437 S000018154 U.S. Social Core Equity 2 Portfolio C000050178 U.S. Social Core Equity 2 Portfolio Shares 0000355437 S000018396 CSTG&E U.S. Social Core Equity 2 Portfolio C000050867 CSTG&E U.S. Social Core Equity 2 Portfolio Shares 0000355437 S000018397 CSTG&E International Social Core Equity Portfolio C000050868 CSTG&E International Social Core Equity Portfolio Shares 0000355437 S000020421 DFA Selectively Hedged Global Fixed Income Portfolio C000057262 DFA Selectively Hedged Global Fixed Income Portfolio - Institutional Class 0000355437 S000020422 U.S. Sustainability Core 1 Portfolio C000057263 U.S. Sustainability Core 1 Portfolio Shares 0000355437 S000020423 International Sustainability Core 1 Portfolio C000057264 International Sustainability Core 1 Portfolio Shares 0000355437 S000020997 T.A. World ex U.S. Core Equity Portfolio C000059643 T.A. World ex U.S. Core Equity Portfolio - Institutional Class 0000355437 S000021884 DFA Global Real Estate Securities Portfolio C000062760 DFA Global Real Estate Securities Portfolio Shares 0000355437 S000022529 DFA International Value Ex Tobacco Portfolio C000065173 DFA International Value Ex Tobacco Portfolio Shares 0000355437 S000022895 International Vector Equity Portfolio C000066387 International Vector Equity Portfolio Shares 0000355437 S000024202 DFA Short-Term Extended Quality Portfolio C000071023 Institutional Class Shares 0000355437 S000024203 DFA Intermediate-Term Extended Quality Portfolio C000071024 Institutional Class Shares 0000355437 S000024504 DFA VA Global Moderate Allocation Portfolio C000125332 Institutional Class Shares 0000355437 S000029683 World ex U.S. Value Portfolio C000091238 Institutional Class 0000355437 S000030217 DFA Commodity Strategy Portfolio C000093002 DFA Commodity Strategy Portfolio Shares 0000355437 S000031489 DFA California Intermediate-Term Municipal Bond Portfolio C000097894 Institutional Class Shares 0000355437 S000031490 DFA Investment Grade Portfolio C000097895 Institutional Class Shares 0000355437 S000033391 World Core Equity Portfolio C000102631 Institutional Class 0000355437 S000033393 DIMENSIONAL RETIREMENT FIXED INCOME FUND II C000102637 Institutional Class 0000355437 S000033394 DFA LTIP PORTFOLIO C000102640 Institutional Class 0000355437 S000034541 Selectively Hedged Global Equity Portfolio C000106201 Institutional Class 0000355437 S000034651 DFA World ex U.S. Government Fixed Income Portfolio C000106763 Institutional Class 0000355437 S000035595 DFA Intermediate-Term Municipal Bond Portfolio C000109006 Institutional Class 0000355437 S000038669 International Social Core Equity Portfolio C000119189 Institutional Class 0000355437 S000038670 World ex U.S. Targeted Value Portfolio C000119190 Institutional Class 0000355437 S000039438 U.S. Large Cap Growth Portfolio C000121545 Institutional Class 0000355437 S000039439 U.S. Small Cap Growth Portfolio C000121546 Institutional Class 0000355437 S000039440 International Large Cap Growth Portfolio C000121547 Institutional Class 0000355437 S000039441 International Small Cap Growth Portfolio C000121548 Institutional Class 0000355437 S000039915 World ex U.S. Core Equity Portfolio C000123798 Institutional Class Shares 0000355437 S000041113 U.S. Large Cap Equity Portfolio C000127650 Institutional Class 0000355437 S000042173 DFA Short-Duration Real Return Portfolio C000130944 Institutional Class 0000355437 S000046723 DFA Municipal Real Return Portfolio C000145907 Institutional Class N-Q 1 d886425dnq.txt DFA INVESTMENT DIMENSIONS GROUP, INC. ================================================================================ 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 811-3258 ----------------- DFA INVESTMENT DIMENSIONS GROUP INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) ----------------- 6300 BEE CAVE ROAD, BUILDING ONE, AUSTIN, TX 78746 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) ----------------- CATHERINE L. NEWELL, ESQUIRE, VICE PRESIDENT AND SECRETARY DFA INVESTMENT DIMENSIONS GROUP INC., 6300 BEE CAVE ROAD, BUILDING ONE, AUSTIN, TX 78746 (NAME AND ADDRESS OF AGENT FOR SERVICE) ----------------- REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (512) 306-7400 DATE OF FISCAL YEAR END: OCTOBER 31 DATE OF REPORTING PERIOD: JANUARY 31, 2015 ================================================================================ ITEM 1. SCHEDULE OF INVESTMENTS. DFA INVESTMENT DIMENSIONS GROUP INC. FORM N-Q January 31, 2015 (UNAUDITED) Table of Contents DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES................................ 1 SCHEDULES OF INVESTMENTS.................................................. 3 Enhanced U.S. Large Company Portfolio.................................. 3 U.S. Large Cap Value Portfolio......................................... 6 U.S. Targeted Value Portfolio.......................................... 7 U.S. Small Cap Value Portfolio......................................... 38 U.S. Core Equity 1 Portfolio........................................... 64 U.S. Core Equity 2 Portfolio........................................... 120 U.S. Vector Equity Portfolio........................................... 176 U.S. Small Cap Portfolio............................................... 230 U.S. Micro Cap Portfolio............................................... 273 DFA Real Estate Securities Portfolio................................... 308 Large Cap International Portfolio...................................... 312 International Core Equity Portfolio.................................... 343 International Small Company Portfolio.................................. 438 Japanese Small Company Portfolio....................................... 440 Asia Pacific Small Company Portfolio................................... 441 United Kingdom Small Company Portfolio................................. 442 Continental Small Company Portfolio.................................... 443 DFA International Real Estate Securities Portfolio..................... 444 DFA Global Real Estate Securities Portfolio............................ 451 DFA International Small Cap Value Portfolio............................ 453 International Vector Equity Portfolio.................................. 498 World ex U.S. Value Portfolio.......................................... 582 World ex U.S. Targeted Value Portfolio................................. 584 World ex U.S. Core Equity Portfolio.................................... 586 Selectively Hedged Global Equity Portfolio............................. 646 Emerging Markets Portfolio............................................. 648 Emerging Markets Small Cap Portfolio................................... 649 Emerging Markets Value Portfolio....................................... 650 Emerging Markets Core Equity Portfolio................................. 651 U.S. Large Cap Equity Portfolio........................................ 730 DFA Commodity Strategy Portfolio....................................... 750 DFA One-Year Fixed Income Portfolio.................................... 756 DFA Two-Year Global Fixed Income Portfolio............................. 761 DFA Selectively Hedged Global Fixed Income Portfolio................... 766 DFA Short-Term Government Portfolio.................................... 772 DFA Five-Year Global Fixed Income Portfolio............................ 775 DFA World ex U.S. Government Fixed Income Portfolio.................... 779 DFA Intermediate Government Fixed Income Portfolio..................... 782 DFA Short-Term Extended Quality Portfolio.............................. 784 DFA Intermediate-Term Extended Quality Portfolio....................... 793 DFA Investment Grade Portfolio......................................... 802 DFA Inflation-Protected Securities Portfolio........................... 804 DFA Short-Term Municipal Bond Portfolio................................ 806 DFA Intermediate-Term Municipal Bond Portfolio......................... 816 DFA California Short-Term Municipal Bond Portfolio..................... 826 DFA California Intermediate-Term Municipal Bond Portfolio.............. 833 DFA Short-Duration Real Return Portfolio............................... 839 DFA Municipal Real Return Portfolio.................................... 850 CSTG&E U.S. Social Core Equity 2 Portfolio............................. 854 CSTG&E International Social Core Equity Portfolio...................... 890 World Core Equity Portfolio............................................ 940 DFA LTIP Portfolio (formerly Dimensional Retirement Fixed Income Fund III)................................................................. 942 U.S. Social Core Equity 2 Portfolio.................................... 944 U.S. Sustainability Core 1 Portfolio................................... 990 International Sustainability Core 1 Portfolio.......................... 1037 DFA International Value ex Tobacco Portfolio........................... 1095 International Social Core Equity Portfolio............................. 1106 Emerging Markets Social Core Equity Portfolio.......................... 1171 Tax Managed U.S. Marketwide Value Portfolio............................ 1234 Tax Managed U.S. Equity Portfolio...................................... 1235 Tax Managed U.S. Targeted Value Portfolio.............................. 1284 Tax Managed U.S. Small Cap Portfolio................................... 1315 T.A. U.S. Core Equity 2 Portfolio...................................... 1352 Tax-Managed DFA International Value Portfolio.......................... 1405 T.A. World ex U.S. Core Equity Portfolio............................... 1419 LWAS/DFA International High Book to Market Portfolio................... 1559 VA U.S. Targeted Value Portfolio....................................... 1560 VA U.S. Large Value Portfolio.......................................... 1587 VA International Value Portfolio....................................... 1594 VA International Small Portfolio....................................... 1607 VA Short-Term Fixed Portfolio.......................................... 1659 VA Global Bond Portfolio............................................... 1663 DFA VA Global Moderate Allocation Portfolio............................ 1667 U.S. Large Cap Growth Portfolio........................................ 1669 U.S. Small Cap Growth Portfolio........................................ 1678 International Large Cap Growth Portfolio............................... 1691 International Small Cap Growth Portfolio............................... 1703 NOTES TO SCHEDULES OF INVESTMENTS Organization........................................................... 1723 Security Valuation..................................................... 1723 Financial Instruments................................................. 1725 Federal Tax Cost...................................................... 1738 Other................................................................. 1740 Subsequent Event Evaluations.......................................... 1741 THE DFA INVESTMENT TRUST COMPANY......................................... SCHEDULES OF INVESTMENTS................................................. The U.S. Large Cap Value Series....................................... 1742 The DFA International Value Series.................................... 1750 The Japanese Small Company Series..................................... 1764 The Asia Pacific Small Company Series................................. 1793 The United Kingdom Small Company Series............................... 1811 The Continental Small Company Series.................................. 1819 The Emerging Markets Series........................................... 1844 The Emerging Markets Small Cap Series................................. 1868 The Tax-Managed U.S. Marketwide Value Series.......................... 1932 NOTES TO SCHEDULES OF INVESTMENTS........................................ Organization.......................................................... 1956 Security Valuation.................................................... 1956 Financial Instruments................................................. 1957 Federal Tax Cost...................................................... 1957 Other................................................................. 1957 Subsequent Event Evaluations.......................................... 1958 DIMENSIONAL EMERGING MARKETS VALUE FUND.................................. 1959 SCHEDULE OF INVESTMENTS.................................................. 1959 NOTES TO SCHEDULE OF INVESTMENTS......................................... Organization.......................................................... 2003 Security Valuation.................................................... 2003 Financial Instruments................................................. 2004 Federal Tax Cost...................................................... 2004 Other................................................................. 2004 Subsequent Event Evaluations.......................................... 2004 DFA INVESTMENT DIMENSIONS GROUP INC. THE DFA INVESTMENT TRUST COMPANY DIMENSIONAL EMERGING MARKETS VALUE FUND DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES Schedules of Investments ________________________ Investment Abbreviations ADR American Depositary Receipt AGM Assured Guaranty Municipal Corporation AMBAC American Municipal Bond Assurance Corporation ASSURED GTY Assured Guaranty BAN Bond Anticipation Notes CP Certificate Participation ETM Escrowed to Maturity FGIC Federal Guaranty Insurance Corporation FSA Financial Security Assurance GDR Global Depositary Receipt GO General Obligation GO OF AUTH General Obligation of Authority GO OF DIST General Obligation of District GO OF CMNWLTH General Obligation of Commonwealth GO OF UNIV General Obligation of University NATL-RE Credit rating enhanced by guaranty or insurance from National Public Finance Guarantee Corp. NATL-RE FGIC National Public Finance Guarantee Corp. Re-insures Financial Guaranty Insurance Co. P.L.C. Public Limited Company PSF-GTD Public School Fund Guarantee RB Revenue Bond REIT Real Estate Investment Trust RN Revenue Note SA Special Assessment SCH BD RES FD School Board Resolution Fund SCH BD GTY School Bond Guaranty SCSDE South Carolina State Department of Education SD CRED PROG School District Credit Program SPDR Standard & Poor's Depositary Receipts ST Special Tax ST AID WITHHLDG State Aid Withholding TAN Tax Anticipation Notes TRANS Tax and Revenue Anticipation Notes UP Unrefunded Portion AUD Australian Dollars CAD Canadian Dollars DKK Danish Krone EUR Euro GBP British Pounds JPY Japanese Yen NOK Norwegian Krone NZD New Zealand Dollars SEK Swedish Krona SGD Singapore Dollars USD United States Dollars 1 Investment Footnotes + See Security Valuation Note within the Notes to Schedules of Investments. ++ Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. ** Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. "Other Securities" are those securities that are not among the top 50 holdings of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities. * Non-Income Producing Securities. # Total or Partial Securities on Loan. @ Security purchased with cash proceeds from Securities on Loan. ^ Denominated in USD, unless otherwise noted. ^^ See Federal Tax Cost Note within the Notes to Schedules of Investments. o Security is being fair valued as of January 31, 2015. -- Amounts designated as -- are either zero or rounded to zero. (S) Affiliated Fund. ## Rule 144A, Section 4(2), or other security which is restricted as to resale to institutional investors. The Fund's Advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (f) Security pledged as collateral for the Open Futures Contracts. (p) Security pledged as collateral for Swap Agreements. (r) The adjustable/variable rate shown is effective as of January 31, 2015. (c) Pre-refunded bonds are collateralized by U.S. Government or other eligible securities which are held in escrow and used to pay principal and interest and retire the bonds at the earliest refunding date (payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). ALL STATEMENTS, SCHEDULES AND NOTES TO FINANCIAL STATEMENTS ___________________________________________________________ CPI Consumer Price Index 2 ENHANCED U.S. LARGE COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (37.4%) AUSTRALIA -- (0.4%) Rio Tinto Finance USA, Ltd. 2.250%, 09/20/16.................................... $1,000 $ 1,019,804 ----------- CANADA -- (7.3%) Export Development Canada 1.250%, 10/26/16.................................... 3,135 3,173,285 Ontario, Province of Canada 1.000%, 07/22/16.................................... 4,000 4,027,520 1.600%, 09/21/16.................................... 2,000 2,032,128 Quebec, Province of Canada 5.125%, 11/14/16.................................... 1,000 1,079,542 Royal Bank of Canada 1.450%, 09/09/16.................................... 1,000 1,010,775 Toronto-Dominion Bank (The) 2.375%, 10/19/16.................................... 5,900 6,059,371 TransCanada PipeLines, Ltd. 3.400%, 06/01/15.................................... 1,500 1,514,857 ----------- TOTAL CANADA............................................. 18,897,478 ----------- FINLAND -- (1.2%) Municipality Finance P.L.C. 2.375%, 05/16/16.................................... 3,000 3,074,544 ----------- FRANCE -- (0.4%) Caisse des Depots et Consignations 0.875%, 11/07/16.................................... 1,000 1,003,820 ----------- JAPAN -- (0.6%) Nomura Holdings, Inc. 2.000%, 09/13/16.................................... 540 545,823 Sumitomo Mitsui Banking Corp. 2.650%, 01/12/17.................................... 1,000 1,025,298 ----------- TOTAL JAPAN.............................................. 1,571,121 ----------- NETHERLANDS -- (2.3%) Bank Nederlandse Gemeenten NV 1.125%, 09/12/16.................................... 5,000 5,042,950 Deutsche Telekom International Finance BV 5.750%, 03/23/16.................................... 880 928,125 ----------- TOTAL NETHERLANDS........................................ 5,971,075 ----------- NORWAY -- (1.9%) Kommunalbanken A.S. 0.875%, 10/03/16.................................... 5,000 5,024,680 ----------- SPAIN -- (0.2%) Telefonica Emisiones SAU 6.421%, 06/20/16.................................... 584 626,284 ----------- FACE AMOUNT^ (000) VALUE+ ------- ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (5.9%) Council Of Europe Development Bank 1.250%, 09/22/16.................................... $5,000 $ 5,059,760 European Bank for Reconstruction & Development 1.375%, 10/20/16.................................... 4,000 4,069,756 European Investment Bank 1.250%, 10/14/16.................................... 5,000 5,063,645 Inter-American Development Bank 0.875%, 11/15/16.................................... 1,000 1,005,910 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS............. 15,199,071 ----------- SWEDEN -- (0.9%) Svenska Handelsbanken AB 3.125%, 07/12/16.................................... 2,391 2,474,424 ----------- UNITED KINGDOM -- (1.9%) Barclays Bank P.L.C. 5.000%, 09/22/16.................................... 1,000 1,065,983 Ensco P.L.C. 3.250%, 03/15/16.................................... 1,155 1,174,659 Network Rail Infrastructure Finance P.L.C. 1.250%, 08/31/16.................................... 2,000 2,023,358 Royal Bank of Scotland Group P.L.C. 2.550%, 09/18/15.................................... 700 707,016 ----------- TOTAL UNITED KINGDOM..................................... 4,971,016 ----------- UNITED STATES -- (14.4%) Amgen, Inc. 2.500%, 11/15/16.................................... 1,535 1,575,390 Anadarko Petroleum Corp. 5.950%, 09/15/16.................................... 1,000 1,069,597 AT&T, Inc. 2.950%, 05/15/16.................................... 1,489 1,528,155 Bank of America Corp. 3.625%, 03/17/16.................................... 1,000 1,028,973 Baxter International, Inc. 5.900%, 09/01/16.................................... 1,000 1,078,015 Boston Scientific Corp. 6.400%, 06/15/16.................................... 1,000 1,068,847 Cigna Corp. 2.750%, 11/15/16.................................... 725 747,202 Citigroup, Inc. 1.300%, 04/01/16.................................... 1,000 1,003,791 Comerica, Inc. 3.000%, 09/16/15.................................... 1,000 1,013,834 Constellation Energy Group, Inc. 4.550%, 06/15/15.................................... 1,000 1,015,401 3 ENHANCED U.S. LARGE COMPANY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ---------- ------------ UNITED STATES -- (Continued) Daimler Finance North America LLC 1.450%, 08/01/16.................................. $ 1,000 $ 1,007,688 Ecolab, Inc. 3.000%, 12/08/16.................................. 622 644,327 EOG Resources, Inc. 2.500%, 02/01/16.................................. 1,000 1,016,441 Express Scripts Holding Co. 2.100%, 02/12/15.................................. 1,000 1,000,362 Ford Motor Credit Co. LLC 3.984%, 06/15/16.................................. 1,000 1,035,812 General Electric Capital Corp. 5.375%, 10/20/16.................................. 1,000 1,075,983 Hewlett-Packard Co. 3.000%, 09/15/16.................................. 1,000 1,029,574 HSBC USA, Inc. 2.375%, 02/13/15.................................. 1,000 1,000,621 International Paper Co. 5.300%, 04/01/15.................................. 517 520,926 Johnson Controls, Inc. 5.500%, 01/15/16.................................. 1,000 1,044,900 JPMorgan Chase & Co. 1.125%, 02/26/16.................................. 1,500 1,503,478 Lorillard Tobacco Co. 3.500%, 08/04/16.................................. 800 825,700 Mattel, Inc. 2.500%, 11/01/16.................................. 1,000 1,018,854 MetLife, Inc. 6.750%, 06/01/16.................................. 1,000 1,077,074 Mondelez International, Inc. 4.125%, 02/09/16.................................. 689 710,817 Morgan Stanley 5.750%, 10/18/16.................................. 1,000 1,072,863 NextEra Energy Capital Holdings, Inc. 1.200%, 06/01/15.................................. 1,000 1,002,188 ONEOK Partners L.P. 6.150%, 10/01/16.................................. 1,000 1,066,314 Prudential Financial, Inc. 3.000%, 05/12/16.................................. 710 728,906 Quest Diagnostics, Inc. 3.200%, 04/01/16.................................. 500 512,751 Scripps Networks Interactive, Inc. # 2.700%, 12/15/16.................................. 1,000 1,033,005 Stryker Corp. 2.000%, 09/30/16.................................. 1,000 1,020,028 Thermo Fisher Scientific, Inc. 2.250%, 08/15/16.................................. 1,000 1,017,637 Waste Management, Inc. 2.600%, 09/01/16.................................. 605 620,184 Wells Fargo & Co. 3.676%, 06/15/16.................................. 1,500 1,558,827 FACE AMOUNT^ (000) VALUE+ ---------- ------------ UNITED STATES -- (Continued) Williams Partners L.P. 3.800%, 02/15/15.................................. $ 1,000 $ 1,000,883 Xerox Corp. 4.250%, 02/15/15.................................. 1,000 1,001,298 ------------ TOTAL UNITED STATES.................................... 37,276,646 ------------ TOTAL BONDS............................................ 97,109,963 ------------ AGENCY OBLIGATIONS -- (2.0%) Federal Home Loan Bank 0.625%, 10/14/16.................................. 2,000 2,005,608 Federal National Mortgage Association 5.250%, 09/15/16.................................. 3,000 3,234,465 ------------ TOTAL AGENCY OBLIGATIONS............................... 5,240,073 ------------ SHARES ---------- EXCHANGE-TRADED FUNDS -- (3.4%) UNITED STATES -- (3.4%) SPDR S&P 500 ETF Trust............................ 44,100 8,796,627 ------------ FACE AMOUNT^ (000) VALUE+ ---------- ------------ U.S. TREASURY OBLIGATIONS -- (38.7%) U.S. Treasury Notes 4.625%, 11/15/16.................................. $ 27,000 29,029,212 # 0.500%, 11/30/16.................................. 39,000 39,067,041 #(f) 0.875%, 12/31/16.................................. 32,000 32,247,488 ------------ TOTAL U.S. TREASURY OBLIGATIONS........................ 100,343,741 ------------ SHARES/ FACE AMOUNT (000) ---------- SECURITIES LENDING COLLATERAL -- (18.5%) (S)@ DFA Short Term Investment Fund................... 4,153,108 48,051,460 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $254,397,824)^^................................. $259,541,864 ============ 4 ENHANCED U.S. LARGE COMPANY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Bonds Australia................... -- $ 1,019,804 -- $ 1,019,804 Canada...................... -- 18,897,478 -- 18,897,478 Finland..................... -- 3,074,544 -- 3,074,544 France...................... -- 1,003,820 -- 1,003,820 Japan....................... -- 1,571,121 -- 1,571,121 Netherlands................. -- 5,971,075 -- 5,971,075 Norway...................... -- 5,024,680 -- 5,024,680 Spain....................... -- 626,284 -- 626,284 Supranational Organization Obligations............... -- 15,199,071 -- 15,199,071 Sweden...................... -- 2,474,424 -- 2,474,424 United Kingdom.............. -- 4,971,016 -- 4,971,016 United States............... -- 37,276,646 -- 37,276,646 Agency Obligations............. -- 5,240,073 -- 5,240,073 Exchange-Traded Funds.......... $ 8,796,627 -- -- 8,796,627 U.S. Treasury Obligations...... -- 100,343,741 -- 100,343,741 Securities Lending Collateral.. -- 48,051,460 -- 48,051,460 Futures Contracts**............ (3,980,154) -- -- (3,980,154) Forward Currency Contracts**... -- 42,378 -- 42,378 ----------- ------------ -- ------------ TOTAL.......................... $ 4,816,473 $250,787,615 -- $255,604,088 =========== ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 5 U.S. LARGE CAP VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ --------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The U.S. Large Cap Value Series of The DFA Investment Trust Company..................................... $14,869,528,854 --------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $10,250,841,425)^^.................................. $14,869,528,854 =============== Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 6 U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (84.2%) Consumer Discretionary -- (12.3%) * 1-800-Flowers.com, Inc. Class A.................... 193,518 $ 1,526,857 Aaron's, Inc....................................... 215,498 6,822,667 # Abercrombie & Fitch Co. Class A.................... 174,592 4,455,588 * AG&E Holdings, Inc................................. 22,378 16,336 AH Belo Corp. Class A.............................. 96,709 872,315 * Ambassadors Group, Inc............................. 7,665 19,316 AMCON Distributing Co.............................. 850 69,063 #* America's Car-Mart, Inc............................ 54,670 2,903,524 # American Eagle Outfitters, Inc..................... 399,749 5,612,476 * American Public Education, Inc..................... 18,716 628,296 * Apollo Education Group, Inc. Class A............... 78,575 1,984,804 Arctic Cat, Inc.................................... 7,505 252,318 Ark Restaurants Corp............................... 11,690 287,925 #* Ascena Retail Group, Inc........................... 87,222 1,008,286 #* Ascent Capital Group, Inc. Class A................. 61,337 2,595,168 * Ballantyne Strong, Inc............................. 68,354 279,568 #* Barnes & Noble, Inc................................ 321,067 7,541,864 Bassett Furniture Industries, Inc.................. 51,875 1,152,663 Beasley Broadcast Group, Inc. Class A.............. 15,520 81,014 # bebe stores, Inc................................... 430,654 1,541,741 * Belmond, Ltd. Class A.............................. 477,974 5,252,934 Big 5 Sporting Goods Corp.......................... 114,346 1,361,861 * Biglari Holdings, Inc.............................. 9,616 3,980,736 #* BJ's Restaurants, Inc.............................. 108,525 4,806,572 # Bob Evans Farms, Inc............................... 93,587 5,275,499 #* Books-A-Million, Inc............................... 53,259 134,213 Bowl America, Inc. Class A......................... 14,589 211,541 * Bravo Brio Restaurant Group, Inc................... 22,471 295,494 #* Bridgepoint Education, Inc......................... 103,777 1,024,279 #* Bright Horizons Family Solutions, Inc.............. 48,068 2,333,701 Brown Shoe Co., Inc................................ 223,020 6,331,538 * Build-A-Bear Workshop, Inc......................... 110,392 2,276,283 #* Cabela's, Inc...................................... 60,734 3,337,333 # Callaway Golf Co................................... 344,701 2,812,760 * Cambium Learning Group, Inc........................ 44,277 111,135 * Canterbury Park Holding Corp....................... 9,680 97,284 #* Career Education Corp.............................. 229,667 1,281,542 # Carriage Services, Inc............................. 79,007 1,722,353 * Carrols Restaurant Group, Inc...................... 83,762 666,746 Cato Corp. (The) Class A........................... 90,758 3,848,139 * Cavco Industries, Inc.............................. 36,426 2,677,675 #* Central European Media Enterprises, Ltd. Class A... 60,346 156,900 #* Charles & Colvard, Ltd............................. 35,582 64,048 # Chico's FAS, Inc................................... 644,999 10,758,583 # Children's Place, Inc. (The)....................... 92,549 5,548,313 #* Christopher & Banks Corp........................... 116,707 608,043 Churchill Downs, Inc............................... 71,385 6,780,861 * Citi Trends, Inc................................... 64,642 1,479,655 * Coast Distribution System, Inc. (The).............. 1,305 4,515 Collectors Universe, Inc........................... 4,645 109,158 Columbia Sportswear Co............................. 110,068 4,677,890 7 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* Conn's, Inc........................................ 100,646 $ 1,584,168 Cooper Tire & Rubber Co............................ 249,983 8,696,909 #* Cooper-Standard Holding, Inc....................... 3,181 166,207 Core-Mark Holding Co., Inc......................... 124,712 8,315,796 #* Crocs, Inc......................................... 335,408 3,555,325 CSS Industries, Inc................................ 17,513 476,354 Culp, Inc.......................................... 40,051 804,625 #* Cumulus Media, Inc. Class A........................ 536,761 1,867,928 # Dana Holding Corp.................................. 119,603 2,496,115 # Darden Restaurants, Inc............................ 240,885 14,785,521 * Del Frisco's Restaurant Group, Inc................. 18,945 375,679 #* Delta Apparel, Inc................................. 33,047 305,685 Destination Maternity Corp......................... 6,542 100,158 #* Destination XL Group, Inc.......................... 200,407 1,018,068 DeVry Education Group, Inc......................... 260,513 11,048,356 # Dillard's, Inc. Class A............................ 211,147 23,986,299 DineEquity, Inc.................................... 84,469 9,017,066 #* Dixie Group, Inc. (The)............................ 38,638 312,195 * Dover Downs Gaming & Entertainment, Inc............ 10,192 9,148 Dover Motorsports, Inc............................. 16,790 44,326 #* DreamWorks Animation SKG, Inc. Class A............. 267,493 4,994,094 Educational Development Corp....................... 2,346 9,689 * Eldorado Resorts, Inc.............................. 27,750 110,029 Emerson Radio Corp................................. 89,291 92,863 * Emmis Communications Corp. Class A................. 15,418 30,990 #* Entercom Communications Corp. Class A.............. 54,499 630,553 # Escalade, Inc...................................... 9,081 138,394 # Ethan Allen Interiors, Inc......................... 116,195 3,162,828 * EVINE Live, Inc.................................... 65,594 411,274 #* EW Scripps Co. (The) Class A....................... 251,388 4,959,885 #* Federal-Mogul Holdings Corp........................ 191,402 2,589,669 Finish Line, Inc. (The) Class A.................... 204,425 4,824,430 Flanigan's Enterprises, Inc........................ 2,074 79,331 Flexsteel Industries, Inc.......................... 26,928 802,454 # Foot Locker, Inc................................... 103,578 5,512,421 # Fred's, Inc. Class A............................... 190,447 3,161,420 Frisch's Restaurants, Inc.......................... 11,626 322,040 #* FTD Cos., Inc...................................... 120,562 4,129,248 #* Fuel Systems Solutions, Inc........................ 90,801 975,203 * Full House Resorts, Inc............................ 14,620 20,029 #* G-III Apparel Group, Ltd........................... 66,973 6,509,776 * Gaiam, Inc. Class A................................ 49,050 359,046 # GameStop Corp. Class A............................. 635,798 22,411,879 #* Gaming Partners International Corp................. 17,120 141,925 Gannett Co., Inc................................... 529,452 16,418,307 * Geeknet, Inc....................................... 560 4,390 * Genesco, Inc....................................... 102,925 7,353,991 Graham Holdings Co. Class B........................ 31,543 29,502,799 * Gray Television, Inc............................... 333,110 3,151,221 Group 1 Automotive, Inc............................ 165,440 13,299,722 # Guess?, Inc........................................ 162,611 3,053,835 Harte-Hanks, Inc................................... 244,932 1,780,656 Haverty Furniture Cos., Inc........................ 106,089 2,591,754 8 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Haverty Furniture Cos., Inc. Class A............... 844 $ 20,957 * Helen of Troy, Ltd................................. 162,968 12,258,453 #* Hemisphere Media Group, Inc........................ 1,861 23,225 #* hhgregg, Inc....................................... 125,798 690,631 Hooker Furniture Corp.............................. 54,414 981,629 #* Iconix Brand Group, Inc............................ 354,283 11,776,367 * Insignia Systems, Inc.............................. 3,334 10,669 # International Speedway Corp. Class A............... 128,222 3,729,978 Interval Leisure Group, Inc........................ 17,431 402,307 * Isle of Capri Casinos, Inc......................... 134,509 1,377,372 #* JAKKS Pacific, Inc................................. 54,360 327,247 #* JC Penney Co., Inc................................. 138,300 1,005,441 John Wiley & Sons, Inc. Class A.................... 31,827 1,972,001 Johnson Outdoors, Inc. Class A..................... 30,269 908,070 * Journal Communications, Inc. Class A............... 314,796 3,163,700 * K12, Inc........................................... 69,371 986,456 # KB Home............................................ 47,947 597,420 #* Kirkland's, Inc.................................... 89,444 2,081,362 La-Z-Boy, Inc...................................... 254,916 6,803,708 #* Lakeland Industries, Inc........................... 27,527 233,980 #* Lands' End, Inc.................................... 2,034 70,559 #* LeapFrog Enterprises, Inc.......................... 80,035 190,483 Lear Corp.......................................... 285,105 28,610,287 * Lee Enterprises, Inc............................... 30,161 88,975 Lennar Corp. Class B............................... 57,722 2,084,341 * Liberty TripAdvisor Holdings, Inc. Class A......... 126,318 3,024,053 * Liberty Ventures Series A.......................... 61,674 2,303,524 #* Life Time Fitness, Inc............................. 156,093 8,533,604 # Lifetime Brands, Inc............................... 58,138 917,418 # Lincoln Educational Services Corp.................. 38,993 101,382 Lithia Motors, Inc. Class A........................ 26,525 2,246,667 * Live Nation Entertainment, Inc..................... 901,363 21,425,399 * Loral Space & Communications, Inc.................. 34,834 2,504,913 * Luby's, Inc........................................ 122,762 599,079 #* M/I Homes, Inc..................................... 101,830 2,101,771 * Madison Square Garden Co. (The) Class A............ 47,013 3,561,235 Marcus Corp. (The)................................. 106,855 2,015,285 #* MarineMax, Inc..................................... 133,003 3,392,907 Marriott Vacations Worldwide Corp.................. 138,114 10,565,721 * McClatchy Co. (The) Class A........................ 204,980 514,500 # MDC Holdings, Inc.................................. 200,266 5,006,650 #* Media General, Inc................................. 21,681 310,038 # Men's Wearhouse, Inc. (The)........................ 276,271 12,838,313 # Meredith Corp...................................... 159,565 8,306,954 #* Meritage Homes Corp................................ 152,537 5,553,872 * Modine Manufacturing Co............................ 216,890 2,643,889 * Monarch Casino & Resort, Inc....................... 41,176 712,345 #* Motorcar Parts of America, Inc..................... 43,220 1,128,906 Movado Group, Inc.................................. 87,835 2,110,675 * Murphy USA, Inc.................................... 43,963 3,069,057 NACCO Industries, Inc. Class A..................... 33,768 1,858,928 * Nautilus, Inc...................................... 3,766 53,628 * New York & Co., Inc................................ 198,583 456,741 9 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # New York Times Co. (The) Class A................... 458,183 $ 5,768,524 #* Office Depot, Inc.................................. 1,469,615 11,169,074 * P&F Industries, Inc. Class A....................... 1,458 11,081 #* Pacific Sunwear of California, Inc................. 106,313 292,361 #* Penn National Gaming, Inc.......................... 138,702 2,076,369 Penske Automotive Group, Inc....................... 302,080 14,605,568 #* Pep Boys-Manny, Moe & Jack (The)................... 274,328 2,312,585 * Perfumania Holdings, Inc........................... 13,797 77,884 * Perry Ellis International, Inc..................... 82,106 1,963,154 #* Pinnacle Entertainment, Inc........................ 144,245 3,050,782 PulteGroup, Inc.................................... 1,118,270 23,025,179 #* Quiksilver, Inc.................................... 733,047 1,370,798 #* Radio One, Inc. Class D............................ 26,961 50,687 * RCI Hospitality Holdings, Inc...................... 50,022 487,715 #* Reading International, Inc. Class A................ 8,787 106,235 * Red Lion Hotels Corp............................... 90,325 579,887 * Red Robin Gourmet Burgers, Inc..................... 43,605 3,379,387 * Regis Corp......................................... 298,372 4,699,359 Remy International, Inc............................ 3,804 80,911 # Rent-A-Center, Inc................................. 325,902 11,171,921 Rocky Brands, Inc.................................. 34,614 474,558 #* Ruby Tuesday, Inc.................................. 337,423 2,031,286 # Ryland Group, Inc. (The)........................... 191,185 7,676,078 # Saga Communications, Inc. Class A.................. 16,461 669,469 # Salem Communications Corp. Class A................. 32,651 227,577 # Scholastic Corp.................................... 150,930 5,551,205 #* Scientific Games Corp. Class A..................... 31,814 375,723 # Service Corp. International........................ 819,526 18,545,873 #* Shiloh Industries, Inc............................. 58,393 714,146 Shoe Carnival, Inc................................. 103,151 2,395,166 #* Shutterfly, Inc.................................... 63,723 2,795,528 Signet Jewelers, Ltd............................... 8,119 983,292 #* Sizmek, Inc........................................ 115,434 687,987 #* Skechers U.S.A., Inc. Class A...................... 268,478 16,202,647 * Skullcandy, Inc.................................... 92,960 931,459 * Skyline Corp....................................... 27,646 103,673 # Sonic Automotive, Inc. Class A..................... 196,388 4,837,036 * Spanish Broadcasting System, Inc. Class A.......... 16,642 44,101 Spartan Motors, Inc................................ 157,816 822,221 # Speedway Motorsports, Inc.......................... 190,470 4,245,576 # Stage Stores, Inc.................................. 175,507 3,510,140 # Standard Motor Products, Inc....................... 160,707 5,859,377 #* Standard Pacific Corp.............................. 755,070 5,300,591 * Stanley Furniture Co., Inc......................... 49,285 145,884 Stein Mart, Inc.................................... 192,592 2,650,066 * Steiner Leisure, Ltd............................... 12,067 526,363 #* Stoneridge, Inc.................................... 104,607 1,320,140 # Strattec Security Corp............................. 13,978 880,614 # Superior Industries International, Inc............. 152,418 2,781,628 Superior Uniform Group, Inc........................ 12,200 462,990 Sypris Solutions, Inc.............................. 58,417 139,909 #* Systemax, Inc...................................... 66,689 871,625 Tandy Leather Factory, Inc......................... 74,640 637,426 10 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Discretionary -- (Continued) #* Tilly's, Inc. Class A.............................. 11,383 $ 156,402 # Time, Inc.......................................... 283,548 7,100,042 * Toll Brothers, Inc................................. 648,223 22,441,480 Trans World Entertainment Corp..................... 56,939 197,578 #* TRI Pointe Homes, Inc.............................. 196,541 2,816,433 #* Tuesday Morning Corp............................... 168,103 2,975,423 * Unifi, Inc......................................... 96,247 3,102,041 * Universal Electronics, Inc......................... 60,096 3,830,519 Universal Technical Institute, Inc................. 13,677 111,741 Vail Resorts, Inc.................................. 21,041 1,846,558 Value Line, Inc.................................... 1,421 21,557 #* Vitamin Shoppe, Inc................................ 130,152 5,501,525 #* VOXX International Corp............................ 100,744 805,952 # Wendy's Co. (The).................................. 2,361,897 24,894,394 * West Marine, Inc................................... 115,748 1,388,976 Weyco Group, Inc................................... 21,410 578,498 #* William Lyon Homes Class A......................... 34,290 654,253 # Wolverine World Wide, Inc.......................... 314,728 8,859,593 * Zagg, Inc.......................................... 35,485 213,975 #* Zumiez, Inc........................................ 77,595 2,893,518 ------------ Total Consumer Discretionary........................... 812,505,791 ------------ Consumer Staples -- (2.6%) # Alico, Inc......................................... 17,530 833,376 * Alliance One International, Inc.................... 444,232 466,444 Andersons, Inc. (The).............................. 169,476 7,623,030 #* Boulder Brands, Inc................................ 280,158 2,809,985 * Bridgford Foods Corp............................... 1,048 8,431 # Cal-Maine Foods, Inc............................... 86,038 3,015,632 Casey's General Stores, Inc........................ 103,103 9,413,304 * CCA Industries, Inc................................ 24,286 85,001 * Central Garden and Pet Co.......................... 79,373 670,702 #* Central Garden and Pet Co. Class A................. 193,017 1,756,455 # Coca-Cola Bottling Co. Consolidated................ 21,339 2,081,406 #* Craft Brew Alliance, Inc........................... 68,951 820,517 * Darling Ingredients, Inc........................... 315,116 5,350,670 # Dean Foods Co...................................... 378,173 6,852,495 #* Diamond Foods, Inc................................. 19,481 478,843 Energizer Holdings, Inc............................ 62,738 8,031,091 * Farmer Bros. Co.................................... 21,763 650,931 Fresh Del Monte Produce, Inc....................... 310,620 10,446,151 Golden Enterprises, Inc............................ 17,103 61,400 Ingles Markets, Inc. Class A....................... 62,571 2,668,653 # Ingredion, Inc..................................... 271,476 21,891,825 Inter Parfums, Inc................................. 106,862 2,687,579 # John B. Sanfilippo & Son, Inc...................... 38,315 1,397,348 #* Landec Corp........................................ 140,041 1,788,324 Limoneira Co....................................... 16,887 351,250 * Mannatech, Inc..................................... 5,132 95,968 MGP Ingredients, Inc............................... 58,272 924,194 #* Natural Alternatives International, Inc............ 18,397 97,872 * Nutraceutical International Corp................... 57,498 1,123,511 # Oil-Dri Corp. of America........................... 20,822 637,570 11 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) * Omega Protein Corp................................. 111,384 $ 1,173,987 # Orchids Paper Products Co.......................... 28,300 771,741 * Pantry, Inc. (The)................................. 109,950 4,057,155 # Pilgrim's Pride Corp............................... 177,863 4,828,980 Pinnacle Foods, Inc................................ 269,571 9,696,469 #* Post Holdings, Inc................................. 183,305 8,661,161 #* Reliv International, Inc........................... 600 726 # Sanderson Farms, Inc............................... 97,014 7,757,239 * Seaboard Corp...................................... 1,712 6,548,383 * Seneca Foods Corp. Class A......................... 35,712 924,226 * Seneca Foods Corp. Class B......................... 189 6,663 # Snyder's-Lance, Inc................................ 158,700 4,616,583 SpartanNash Co..................................... 194,311 5,005,451 Spectrum Brands Holdings, Inc...................... 59,554 5,340,803 * TreeHouse Foods, Inc............................... 54,296 4,924,647 # Universal Corp..................................... 123,817 4,972,491 Village Super Market, Inc. Class A................. 21,275 616,337 Weis Markets, Inc.................................. 83,400 3,822,222 ------------ Total Consumer Staples................................. 168,845,222 ------------ Energy -- (5.7%) Adams Resources & Energy, Inc...................... 17,359 1,007,516 # Alon USA Energy, Inc............................... 296,246 3,578,652 #* Alpha Natural Resources, Inc....................... 1,178,592 1,225,736 #* Approach Resources, Inc............................ 87,580 549,127 # Arch Coal, Inc..................................... 477,446 442,736 # Atwood Oceanics, Inc............................... 95,196 2,720,702 * Barnwell Industries, Inc........................... 21,188 60,916 #* Basic Energy Services, Inc......................... 241,952 1,422,678 #* Bill Barrett Corp.................................. 259,577 2,647,685 #* Bonanza Creek Energy, Inc.......................... 154,606 4,032,124 # Bristow Group, Inc................................. 161,348 8,988,697 #* C&J Energy Services, Inc........................... 220,342 2,269,523 * Callon Petroleum Co................................ 160,144 872,785 #* Carrizo Oil & Gas, Inc............................. 131,837 5,945,849 #* Clayton Williams Energy, Inc....................... 34,711 1,940,345 #* Cloud Peak Energy, Inc............................. 235,990 1,602,372 # Comstock Resources, Inc............................ 277,161 1,119,730 #* Contango Oil & Gas Co.............................. 41,352 1,243,455 # CVR Energy, Inc.................................... 54,497 2,088,325 Dawson Geophysical Co.............................. 47,151 508,759 Delek US Holdings, Inc............................. 261,378 8,063,511 # Denbury Resources, Inc............................. 896,480 6,185,712 # DHT Holdings, Inc.................................. 17,450 128,257 # Diamond Offshore Drilling, Inc..................... 299,972 9,458,117 #* Emerald Oil, Inc................................... 139,961 115,188 # Energy XXI, Ltd.................................... 207,749 610,782 * ENGlobal Corp...................................... 46,727 84,109 EnLink Midstream LLC............................... 110,255 3,488,468 * Era Group, Inc..................................... 102,587 2,310,259 * Escalera Resources Co.............................. 43,352 19,114 # Exterran Holdings, Inc............................. 371,091 10,060,277 * Forum Energy Technologies, Inc..................... 60,043 927,664 12 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Energy -- (Continued) # GasLog, Ltd........................................ 257,234 $ 4,499,023 #* Gastar Exploration, Inc............................ 242,406 567,230 # Green Plains, Inc.................................. 181,915 4,258,630 Gulf Island Fabrication, Inc....................... 73,674 1,220,778 # Gulfmark Offshore, Inc. Class A.................... 154,301 3,044,359 #* Halcon Resources Corp.............................. 245,900 344,260 #* Harvest Natural Resources, Inc..................... 185,114 116,122 * Helix Energy Solutions Group, Inc.................. 568,915 10,678,535 #* Hercules Offshore, Inc............................. 840,892 605,442 * HKN, Inc........................................... 1,137 60,824 HollyFrontier Corp................................. 209,535 7,526,497 #* Hornbeck Offshore Services, Inc.................... 193,454 4,294,679 #* ION Geophysical Corp............................... 244,434 549,976 * Key Energy Services, Inc........................... 537,341 902,733 #* Matador Resources Co............................... 105,695 2,278,784 * Matrix Service Co.................................. 143,815 2,761,248 #* McDermott International, Inc....................... 371,819 836,593 * Mexco Energy Corp.................................. 6,763 31,347 #* Miller Energy Resources, Inc....................... 32,924 38,521 #* Mitcham Industries, Inc............................ 57,917 324,914 Nabors Industries, Ltd............................. 1,097,257 12,629,428 * Natural Gas Services Group, Inc.................... 61,745 1,246,632 * Newfield Exploration Co............................ 451,661 13,450,465 #* Newpark Resources, Inc............................. 524,786 4,534,151 # Noble Corp. P.L.C.................................. 626,915 10,168,561 # Nordic American Tankers, Ltd....................... 3,000 30,360 #* Northern Oil and Gas, Inc.......................... 214,370 1,346,244 #* Nuverra Environmental Solutions, Inc............... 25,263 56,336 #* Oasis Petroleum, Inc............................... 183,692 2,468,820 * Oil States International, Inc...................... 105,139 4,318,059 #* Overseas Shipholding Group, Inc.................... 142,039 724,399 * Pacific Drilling SA................................ 33,011 109,927 # Panhandle Oil and Gas, Inc. Class A................ 9,108 190,722 #* Parker Drilling Co................................. 658,047 1,783,307 Patterson-UTI Energy, Inc.......................... 740,622 12,709,074 PBF Energy, Inc. Class A........................... 319,766 8,985,425 #* PDC Energy, Inc.................................... 187,492 8,613,382 # Peabody Energy Corp................................ 433,558 2,701,066 #* Penn Virginia Corp................................. 369,181 1,801,603 #* PetroQuest Energy, Inc............................. 3,108 9,106 #* PHI, Inc. Non-Voting............................... 63,165 2,160,875 * Pioneer Energy Services Corp....................... 336,370 1,392,572 * PrimeEnergy Corp................................... 148 9,109 QEP Resources, Inc................................. 476,536 9,635,558 #* Renewable Energy Group, Inc........................ 123,560 1,079,914 #* Rex Energy Corp.................................... 399,863 1,415,515 #* Rosetta Resources, Inc............................. 177,721 3,033,697 # Rowan Cos. P.L.C. Class A.......................... 691,059 14,595,166 #* SandRidge Energy, Inc.............................. 822,466 1,159,677 # Scorpio Tankers, Inc............................... 657,877 5,177,492 #* SEACOR Holdings, Inc............................... 106,689 7,676,274 SemGroup Corp. Class A............................. 48,770 3,283,684 #* Seventy Seven Energy, Inc.......................... 59,580 235,341 13 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) # Ship Finance International, Ltd.................... 271,698 $ 3,773,885 # SM Energy Co....................................... 164,815 6,233,303 #* Steel Excel, Inc................................... 42,674 1,021,616 #* Stone Energy Corp.................................. 232,879 3,278,936 Superior Energy Services, Inc...................... 633,713 12,674,260 #* Swift Energy Co.................................... 231,376 492,831 # Tesco Corp......................................... 120,771 1,236,695 Tesoro Corp........................................ 315,473 25,783,608 #* TETRA Technologies, Inc............................ 418,348 2,066,639 #* TGC Industries, Inc................................ 36,617 73,234 # Tidewater, Inc..................................... 305,591 8,941,593 #* Triangle Petroleum Corp............................ 348,017 1,827,089 * Unit Corp.......................................... 226,934 6,758,095 #* Vaalco Energy, Inc................................. 266,869 1,478,454 # W&T Offshore, Inc.................................. 227,750 1,152,415 #* Warren Resources, Inc.............................. 280,434 294,456 Western Refining, Inc.............................. 415,534 15,428,777 * Whiting Petroleum Corp............................. 80,342 2,411,867 * Willbros Group, Inc................................ 320,389 1,787,771 World Fuel Services Corp........................... 13,368 654,631 #* WPX Energy, Inc.................................... 548,538 5,847,415 ------------ Total Energy........................................... 372,609,176 ------------ Financials -- (22.1%) * 1st Constitution Bancorp........................... 964 10,604 # 1st Source Corp.................................... 99,105 2,946,392 # Access National Corp............................... 18,017 321,784 # Alexander & Baldwin, Inc........................... 216,310 8,276,021 * Alleghany Corp..................................... 44,115 19,502,800 Alliance Bancorp, Inc. of Pennsylvania............. 1,413 24,671 Allied World Assurance Co. Holdings AG............. 518,010 20,031,447 #* Ambac Financial Group, Inc......................... 144,279 3,527,622 American Equity Investment Life Holding Co......... 332,724 8,487,789 American Financial Group, Inc...................... 465,774 27,033,523 * American Independence Corp......................... 360 3,992 # American National Bankshares, Inc.................. 22,941 493,690 American National Insurance Co..................... 48,985 5,096,399 * American River Bankshares.......................... 7,244 71,571 Ameris Bancorp..................................... 111,456 2,689,433 AMERISAFE, Inc..................................... 105,756 4,304,269 AmeriServ Financial, Inc........................... 36,909 110,358 # Amtrust Financial Services, Inc.................... 31,812 1,610,323 #* Anchor Bancorp, Inc................................ 1,550 33,310 * Arch Capital Group, Ltd............................ 186,887 10,833,839 Argo Group International Holdings, Ltd............. 160,766 8,599,373 Arrow Financial Corp............................... 1,561 39,915 Aspen Insurance Holdings, Ltd...................... 389,738 16,883,450 # Associated Banc-Corp............................... 656,222 11,031,092 Assurant, Inc...................................... 471,974 29,975,069 Assured Guaranty, Ltd.............................. 677,335 16,540,521 * Asta Funding, Inc.................................. 60,415 512,923 # Astoria Financial Corp............................. 508,927 6,224,177 Atlantic American Corp............................. 864 3,447 14 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) #* Atlantic Coast Financial Corp...................... 7,633 $ 29,616 #* Atlanticus Holdings Corp........................... 66,128 169,288 Auburn National Bancorporation, Inc................ 692 16,262 #* AV Homes, Inc...................................... 44,952 673,830 Axis Capital Holdings, Ltd......................... 606,646 30,878,281 Baldwin & Lyons, Inc. Class A...................... 453 10,713 Baldwin & Lyons, Inc. Class B...................... 23,954 553,337 # Banc of California, Inc............................ 24,903 255,256 # Bancfirst Corp..................................... 35,471 2,045,258 Bancorp of New Jersey, Inc......................... 500 5,400 #* Bancorp, Inc. (The)................................ 146,000 1,243,920 # BancorpSouth, Inc.................................. 407,335 8,085,600 Bank Mutual Corp................................... 172,880 1,101,246 Bank of Commerce Holdings.......................... 10,313 58,784 Bank of Kentucky Financial Corp (The).............. 4,907 218,067 BankFinancial Corp................................. 106,520 1,204,741 Banner Corp........................................ 106,937 4,318,116 Bar Harbor Bankshares.............................. 13,370 410,459 BBCN Bancorp, Inc.................................. 339,809 4,400,527 BCB Bancorp, Inc................................... 7,412 86,053 #* Bear State Financial, Inc.......................... 4,812 52,066 #* Beneficial Bancorp, Inc............................ 27,032 291,675 Berkshire Hills Bancorp, Inc....................... 107,586 2,678,891 # BOK Financial Corp................................. 61,951 3,352,169 # Boston Private Financial Holdings, Inc............. 379,688 4,176,568 Bridge Bancorp, Inc................................ 9,673 238,730 * Bridge Capital Holdings............................ 3,660 79,971 # Brookline Bancorp, Inc............................. 302,532 2,904,307 # Bryn Mawr Bank Corp................................ 38,379 1,118,748 C&F Financial Corp................................. 7,164 252,818 Calamos Asset Management, Inc. Class A............. 87,224 1,094,661 California First National Bancorp.................. 4,450 61,410 # Camden National Corp............................... 13,040 484,566 # Cape Bancorp, Inc.................................. 6,624 57,165 * Capital Bank Financial Corp. Class A............... 39,069 954,065 # Capital City Bank Group, Inc....................... 69,431 1,041,465 # Capitol Federal Financial, Inc..................... 565,020 7,040,149 Cardinal Financial Corp............................ 155,459 2,768,725 * Carolina Bank Holdings, Inc........................ 600 5,880 * Cascade Bancorp.................................... 138,375 639,292 # Cash America International, Inc.................... 110,735 2,303,288 Cathay General Bancorp............................. 371,944 8,885,742 # Centerstate Banks, Inc............................. 118,765 1,307,603 # Central Pacific Financial Corp..................... 73,805 1,548,429 # Century Bancorp, Inc. Class A...................... 4,650 180,327 Chemical Financial Corp............................ 118,488 3,360,320 Chemung Financial Corp............................. 681 18,537 # Chicopee Bancorp, Inc.............................. 4,960 81,642 Citizens Community Bancorp, Inc.................... 6,617 60,314 Citizens Holding Co................................ 1,603 29,848 #* Citizens, Inc...................................... 93,430 674,565 # City Holding Co.................................... 48,910 2,070,360 Clifton Bancorp, Inc............................... 2,614 34,662 15 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # CNB Financial Corp................................. 13,673 $ 232,441 CNO Financial Group, Inc........................... 1,174,038 18,221,070 # CoBiz Financial, Inc............................... 161,694 1,762,465 Codorus Valley Bancorp, Inc........................ 1,593 31,972 * Colonial Financial Services, Inc................... 1,717 22,759 Columbia Banking System, Inc....................... 235,556 5,990,189 # Community Bank System, Inc......................... 171,789 5,777,264 # Community Trust Bancorp, Inc....................... 77,676 2,453,008 Community West Bancshares.......................... 5,040 34,020 ConnectOne Bancorp, Inc............................ 45,264 832,858 # Consolidated-Tomoka Land Co........................ 14,495 790,702 * Consumer Portfolio Services, Inc................... 65,639 367,578 #* Cowen Group, Inc. Class A.......................... 404,562 1,682,978 #* Customers Bancorp, Inc............................. 41,885 823,040 # CVB Financial Corp................................. 417,672 6,102,188 Dime Community Bancshares, Inc..................... 188,788 2,786,511 Donegal Group, Inc. Class A........................ 85,594 1,368,648 #* Doral Financial Corp............................... 1,812 5,219 * E*TRADE Financial Corp............................. 1,273,573 29,355,858 Eagle Bancorp Montana, Inc......................... 600 6,564 EMC Insurance Group, Inc........................... 55,664 1,795,721 Employers Holdings, Inc............................ 127,121 2,644,117 #* Encore Capital Group, Inc.......................... 100,080 3,724,978 # Endurance Specialty Holdings, Ltd.................. 247,707 15,139,852 * Enova International, Inc........................... 70,094 1,349,309 * Enstar Group, Ltd.................................. 26,086 3,520,827 # Enterprise Bancorp, Inc............................ 7,936 162,291 Enterprise Financial Services Corp................. 56,672 1,083,002 # ESB Financial Corp................................. 51,024 852,611 ESSA Bancorp, Inc.................................. 35,328 429,235 Evans Bancorp, Inc................................. 615 14,545 # EverBank Financial Corp............................ 313,642 5,473,053 Everest Re Group, Ltd.............................. 134,062 22,975,546 #* Ezcorp, Inc. Class A............................... 81,924 844,636 * Farmers Capital Bank Corp.......................... 8,817 196,972 FBL Financial Group, Inc. Class A.................. 134,590 7,024,252 Federal Agricultural Mortgage Corp. Class A........ 300 6,825 Federal Agricultural Mortgage Corp. Class C........ 60,117 1,656,223 Federated National Holding Co...................... 28,190 820,611 Fidelity Southern Corp............................. 37,771 577,519 Financial Institutions, Inc........................ 41,359 911,139 #* First Acceptance Corp.............................. 86,504 201,554 # First American Financial Corp...................... 422,170 14,362,223 # First Bancorp, Inc................................. 28,968 480,289 * First BanCorp.(318672706).......................... 278,205 1,527,345 # First Bancorp.(318910106).......................... 68,897 1,143,690 First Bancshares, Inc. (The)....................... 1,637 22,836 # First Busey Corp................................... 306,572 1,888,484 First Business Financial Services, Inc............. 2,785 121,899 First Citizens BancShares, Inc. Class A............ 19,244 4,696,498 First Commonwealth Financial Corp.................. 523,696 4,131,961 First Community Bancshares, Inc.................... 52,303 820,634 # First Connecticut Bancorp Inc/Farmington........... 8,522 125,699 16 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # First Defiance Financial Corp...................... 44,537 $ 1,356,597 First Financial Bancorp............................ 224,942 3,716,042 First Financial Corp............................... 53,354 1,729,203 First Financial Northwest, Inc..................... 97,328 1,166,963 # First Horizon National Corp........................ 561,095 7,288,624 First Interstate Bancsystem, Inc................... 82,596 1,974,044 #* First Marblehead Corp. (The)....................... 24,327 141,340 First Merchants Corp............................... 149,359 3,262,001 First Midwest Bancorp, Inc......................... 326,076 5,021,570 * First NBC Bank Holding Co.......................... 24,692 764,464 First Niagara Financial Group, Inc................. 1,507,489 12,240,811 First South Bancorp, Inc........................... 6,484 51,548 * First United Corp.................................. 5,808 49,310 # First West Virginia Bancorp........................ 63 1,382 FirstMerit Corp.................................... 382,416 6,265,886 * Flagstar Bancorp, Inc.............................. 114,220 1,623,066 # Flushing Financial Corp............................ 153,821 2,784,160 FNB Corp........................................... 729,761 8,757,132 #* Forestar Group, Inc................................ 107,708 1,429,285 Fox Chase Bancorp, Inc............................. 31,712 515,003 #* FRP Holdings, Inc.................................. 14,053 508,719 Fulton Financial Corp.............................. 785,892 8,762,696 # FXCM, Inc. Class A................................. 1,155 2,541 # Gain Capital Holdings, Inc......................... 101,557 827,690 * Genworth Financial, Inc. Class A................... 1,618,199 11,295,029 # German American Bancorp, Inc....................... 36,563 1,023,764 GFI Group, Inc..................................... 221,401 1,242,060 # Glacier Bancorp, Inc............................... 277,931 6,189,523 * Global Indemnity P.L.C............................. 81,077 2,127,460 Great Southern Bancorp, Inc........................ 55,267 1,996,244 #* Green Dot Corp. Class A............................ 99,405 1,515,926 #* Greenlight Capital Re, Ltd. Class A................ 108,843 3,418,759 # Griffin Land & Nurseries, Inc...................... 10,781 319,549 # Guaranty Bancorp................................... 29,609 396,168 Guaranty Federal Bancshares, Inc................... 348 5,133 * Hallmark Financial Services, Inc................... 100,040 1,104,442 Hampden Bancorp, Inc............................... 20,730 416,466 Hancock Holding Co................................. 218,518 5,705,505 Hanmi Financial Corp............................... 156,332 3,104,754 Hanover Insurance Group, Inc. (The)................ 225,011 15,525,759 Hawthorn Bancshares, Inc........................... 556 7,912 HCC Insurance Holdings, Inc........................ 266,541 14,217,297 Heartland Financial USA, Inc....................... 47,881 1,322,473 Heritage Commerce Corp............................. 76,070 635,945 Heritage Financial Corp............................ 54,717 849,208 Heritage Financial Group, Inc...................... 4,893 117,285 HF Financial Corp.................................. 4,524 65,191 * Hilltop Holdings, Inc.............................. 272,857 4,952,355 Hingham Institution for Savings.................... 2,100 184,800 * HMN Financial, Inc................................. 4,634 56,720 Home Bancorp, Inc.................................. 12,610 275,907 # Home BancShares, Inc............................... 45,536 1,348,776 # HomeStreet, Inc.................................... 13,107 231,470 17 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * HomeTrust Bancshares, Inc.......................... 10,883 $ 168,142 HopFed Bancorp, Inc................................ 11,678 154,266 Horace Mann Educators Corp......................... 199,789 6,087,571 # Horizon Bancorp.................................... 18,080 404,630 Hudson City Bancorp, Inc........................... 75,160 674,185 # Hudson Valley Holding Corp......................... 15,468 381,596 Iberiabank Corp.................................... 137,283 7,497,025 * Imperial Holdings, Inc............................. 1,082 6,427 # Independence Holding Co............................ 60,800 772,768 # Independent Bank Corp.(453836108).................. 103,086 3,899,743 # Independent Bank Corp.(453838609).................. 24,000 295,200 Infinity Property & Casualty Corp.................. 14,000 983,780 # Interactive Brokers Group, Inc. Class A............ 208,900 6,398,607 International Bancshares Corp...................... 272,919 6,143,407 Intervest Bancshares Corp. Class A................. 17,708 174,424 #* INTL. FCStone, Inc................................. 15,533 299,476 * Investment Technology Group, Inc................... 154,059 3,196,724 Investors Title Co................................. 6,047 433,812 # Janus Capital Group, Inc........................... 888,638 15,586,711 JMP Group, Inc..................................... 71,638 546,598 * KCG Holdings, Inc. Class A......................... 154,534 1,889,951 #* Kearny Financial Corp.............................. 1,371 17,823 # Kemper Corp........................................ 291,935 10,191,451 # Kentucky First Federal Bancorp..................... 2,420 19,892 Kingstone Cos., Inc................................ 128 997 # Lake Shore Bancorp, Inc............................ 406 5,329 Lakeland Bancorp, Inc.............................. 141,721 1,529,170 # Lakeland Financial Corp............................ 64,405 2,430,645 Landmark Bancorp, Inc.............................. 1,121 23,541 LegacyTexas Financial Group, Inc................... 161,684 3,204,577 Legg Mason, Inc.................................... 731,595 40,559,627 * LendingTree, Inc................................... 26,260 1,081,387 LNB Bancorp, Inc................................... 31,867 554,486 Louisiana Bancorp, Inc............................. 13,988 298,784 # Macatawa Bank Corp................................. 139,897 737,257 # Maiden Holdings, Ltd............................... 296,773 3,709,662 # MainSource Financial Group, Inc.................... 88,979 1,708,397 * Malvern Bancorp, Inc............................... 500 5,975 Marlin Business Services Corp...................... 58,904 945,409 #* Maui Land & Pineapple Co., Inc..................... 817 5,155 # MB Financial, Inc.................................. 326,941 9,288,394 #* MBIA, Inc.......................................... 871,365 6,988,347 * MBT Financial Corp................................. 64,280 329,756 # Meadowbrook Insurance Group, Inc................... 217,301 1,803,598 # Mercantile Bank Corp............................... 40,593 771,267 Merchants Bancshares, Inc.......................... 23,360 625,347 Mercury General Corp............................... 89,253 5,100,809 Meta Financial Group, Inc.......................... 8,890 297,548 * Metro Bancorp, Inc................................. 66,562 1,694,669 Mid Penn Bancorp, Inc.............................. 106 1,643 # MidSouth Bancorp, Inc.............................. 25,426 354,438 MidWestOne Financial Group, Inc.................... 7,585 212,532 # Montpelier Re Holdings, Ltd........................ 288,608 10,138,799 18 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) MutualFirst Financial, Inc......................... 7,316 $ 160,147 NASDAQ OMX Group, Inc. (The)....................... 858,799 39,161,234 National Bank Holdings Corp. Class A............... 41,898 773,018 # National Interstate Corp........................... 87,589 2,257,169 National Penn Bancshares, Inc...................... 633,577 6,145,697 National Security Group, Inc. (The)................ 2,423 32,105 # National Western Life Insurance Co. Class A........ 6,075 1,448,219 * Naugatuck Valley Financial Corp.................... 3,979 34,498 Navient Corp....................................... 385,587 7,611,487 * Navigators Group, Inc. (The)....................... 67,657 5,021,503 # NBT Bancorp, Inc................................... 130,575 3,004,531 Nelnet, Inc. Class A............................... 156,407 6,841,242 # New Hampshire Thrift Bancshares, Inc............... 6,518 98,878 # New York Community Bancorp, Inc.................... 1,537,253 23,750,559 #* NewBridge Bancorp.................................. 66,645 522,497 #* NewStar Financial, Inc............................. 256,825 2,714,640 * Nicholas Financial, Inc............................ 8,089 115,106 Northeast Bancorp.................................. 5,243 47,135 Northeast Community Bancorp, Inc................... 12,202 84,682 # Northfield Bancorp, Inc............................ 138,105 1,988,712 Northrim BanCorp, Inc.............................. 22,276 461,781 Northwest Bancshares, Inc.......................... 403,450 4,760,710 # Norwood Financial Corp............................. 368 11,018 # Ocean Shore Holding Co............................. 6,734 95,151 OceanFirst Financial Corp.......................... 68,190 1,104,678 OFG Bancorp........................................ 216,486 3,485,425 Ohio Valley Banc Corp.............................. 2,740 65,760 Old National Bancorp............................... 476,879 6,394,947 Old Republic International Corp.................... 1,182,426 16,601,261 #* Old Second Bancorp, Inc............................ 40,776 221,821 OneBeacon Insurance Group, Ltd. Class A............ 108,664 1,717,978 Oneida Financial Corp.............................. 100 1,311 Oppenheimer Holdings, Inc. Class A................. 19,590 386,902 Oritani Financial Corp............................. 167,228 2,359,587 Pacific Continental Corp........................... 52,036 657,735 * Pacific Mercantile Bancorp......................... 47,631 326,272 * Pacific Premier Bancorp, Inc....................... 36,818 547,115 # PacWest Bancorp.................................... 383,321 16,388,889 # Park National Corp................................. 11,552 928,896 Park Sterling Corp................................. 132,905 890,463 PartnerRe, Ltd..................................... 321,083 36,731,895 # Peapack Gladstone Financial Corp................... 33,688 600,657 # Penns Woods Bancorp, Inc........................... 5,772 256,335 # People's United Financial, Inc..................... 1,543,963 21,723,559 Peoples Bancorp of North Carolina, Inc............. 2,810 50,664 # Peoples Bancorp, Inc............................... 51,462 1,175,907 #* PHH Corp........................................... 305,779 7,626,128 #* Phoenix Cos., Inc. (The)........................... 18,657 1,157,294 #* PICO Holdings, Inc................................. 92,548 1,479,843 Pinnacle Financial Partners, Inc................... 161,771 5,814,050 * Piper Jaffray Cos.................................. 60,533 3,090,210 Platinum Underwriters Holdings, Ltd................ 188,394 13,909,129 * Popular, Inc....................................... 221,231 6,820,552 19 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Preferred Bank..................................... 28,960 $ 756,146 Premier Financial Bancorp, Inc..................... 20,810 308,612 Primerica, Inc..................................... 185,716 9,218,942 PrivateBancorp, Inc................................ 336,171 10,199,428 ProAssurance Corp.................................. 105,081 4,662,444 # Prosperity Bancshares, Inc......................... 186,930 8,559,525 Protective Life Corp............................... 427,997 29,938,390 # Provident Financial Holdings, Inc.................. 34,342 532,988 Provident Financial Services, Inc.................. 305,970 5,311,639 Prudential Bancorp, Inc............................ 4,416 53,743 Pulaski Financial Corp............................. 33,855 402,874 # QC Holdings, Inc................................... 80,189 135,920 QCR Holdings, Inc.................................. 1,144 20,134 Reinsurance Group of America, Inc.................. 325,844 26,983,142 # RenaissanceRe Holdings, Ltd........................ 155,834 14,902,405 Renasant Corp...................................... 131,655 3,444,095 # Republic Bancorp, Inc. Class A..................... 32,269 735,411 * Republic First Bancorp, Inc........................ 2,800 9,604 Resource America, Inc. Class A..................... 88,834 780,851 * Riverview Bancorp, Inc............................. 63,127 277,759 # RLI Corp........................................... 93,522 4,387,117 # S&T Bancorp, Inc................................... 138,319 3,802,389 #* Safeguard Scientifics, Inc......................... 96,460 1,768,112 Safety Insurance Group, Inc........................ 80,740 5,001,843 # Sandy Spring Bancorp, Inc.......................... 106,742 2,639,730 #* Seacoast Banking Corp. of Florida.................. 51,118 647,154 * Security National Financial Corp. Class A.......... 23,340 138,642 * Select Bancorp, Inc................................ 700 5,019 Selective Insurance Group, Inc..................... 252,402 6,517,020 * Shore Bancshares, Inc.............................. 3,713 34,345 SI Financial Group, Inc............................ 11,051 121,672 # Sierra Bancorp..................................... 33,307 527,583 Simmons First National Corp. Class A............... 72,193 2,701,462 Simplicity Bancorp, Inc............................ 24,325 427,877 South State Corp................................... 77,643 4,636,064 * Southcoast Financial Corp.......................... 1,800 13,500 * Southern First Bancshares, Inc..................... 3,147 55,073 Southern Missouri Bancorp, Inc..................... 593 21,941 # Southern National Bancorp of Virginia, Inc......... 2,149 23,961 # Southside Bancshares, Inc.......................... 79,762 2,177,503 Southwest Bancorp, Inc............................. 87,892 1,341,232 Southwest Georgia Financial Corp................... 2,355 32,664 StanCorp Financial Group, Inc...................... 178,202 11,055,652 State Auto Financial Corp.......................... 136,956 3,013,032 Sterling Bancorp................................... 342,454 4,513,544 Stewart Information Services Corp.................. 101,028 3,616,802 # Stock Yards Bancorp, Inc........................... 10,672 328,698 * Stratus Properties, Inc............................ 1,430 19,276 # Suffolk Bancorp.................................... 87,728 2,017,744 * Summit Financial Group, Inc........................ 889 10,046 Summit State Bank.................................. 2,721 36,489 #* Sun Bancorp, Inc................................... 26,213 479,698 Susquehanna Bancshares, Inc........................ 1,004,967 12,672,634 20 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Sussex Bancorp..................................... 639 $ 6,390 * SVB Financial Group................................ 15,340 1,731,886 Symetra Financial Corp............................. 462,839 9,400,260 # Synovus Financial Corp............................. 527,504 13,593,778 TCF Financial Corp................................. 721,636 10,608,049 # Territorial Bancorp, Inc........................... 27,045 587,958 * Texas Capital Bancshares, Inc...................... 62,890 2,569,056 Timberland Bancorp, Inc............................ 12,743 133,801 # Tompkins Financial Corp............................ 50,963 2,612,873 # Towne Bank......................................... 88,321 1,281,538 * Transcontinental Realty Investors, Inc............. 800 8,864 Trico Bancshares................................... 65,948 1,539,886 #* Trinity Place Holdings, Inc........................ 37,307 279,802 # TrustCo Bank Corp.................................. 395,325 2,541,940 # Trustmark Corp..................................... 285,905 6,106,931 Two River Bancorp.................................. 1,955 16,305 # UMB Financial Corp................................. 165,470 8,028,604 # Umpqua Holdings Corp............................... 219,133 3,398,753 # Union Bankshares Corp.............................. 188,064 3,761,280 United Bancshares, Inc............................. 466 6,757 # United Bankshares, Inc............................. 285,169 9,641,564 United Community Bancorp........................... 1,645 19,493 United Community Banks, Inc........................ 164,931 2,887,942 United Community Financial Corp.................... 30,555 164,997 United Financial Bancorp, Inc...................... 185,943 2,313,131 United Fire Group, Inc............................. 118,756 3,318,043 * United Security Bancshares......................... 2,098 10,826 Unity Bancorp, Inc................................. 10,343 94,742 # Universal Insurance Holdings, Inc.................. 89,364 2,075,926 Univest Corp. of Pennsylvania...................... 51,552 954,743 # Validus Holdings, Ltd.............................. 405,498 16,077,996 # Valley National Bancorp............................ 32,474 294,864 * Walker & Dunlop, Inc............................... 86,194 1,529,943 # Washington Federal, Inc............................ 427,737 8,494,857 # Washington Trust Bancorp, Inc...................... 66,876 2,448,999 # Waterstone Financial, Inc.......................... 73,803 935,822 Wayne Savings Bancshares, Inc...................... 520 6,895 # Webster Financial Corp............................. 386,493 11,799,631 # WesBanco, Inc...................................... 126,341 3,812,971 # West Bancorporation, Inc........................... 62,887 1,028,831 * Western Alliance Bancorp........................... 277,129 7,124,987 Westfield Financial, Inc........................... 131,049 943,553 White Mountains Insurance Group, Ltd............... 9,418 6,070,654 Wilshire Bancorp, Inc.............................. 358,042 3,258,182 Wintrust Financial Corp............................ 231,325 10,055,698 # WR Berkley Corp.................................... 351,005 17,195,735 WSFS Financial Corp................................ 25,964 1,917,701 WVS Financial Corp................................. 111 1,258 * Yadkin Financial Corp.............................. 7,075 134,849 21 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Financials -- (Continued) Zions Bancorporation............................... 948,371 $ 22,722,969 -------------- Total Financials 1,457,960,000 -------------- Health Care -- (5.8%) * Addus HomeCare Corp................................ 41,664 924,108 #* Affymetrix, Inc.................................... 441,761 4,877,041 #* Albany Molecular Research, Inc..................... 143,811 2,348,434 * Alere, Inc......................................... 361,377 14,704,430 #* Allied Healthcare Products, Inc.................... 2,597 4,051 #* Almost Family, Inc................................. 43,727 1,327,552 #* Alphatec Holdings, Inc............................. 147,075 188,256 #* Amedisys, Inc...................................... 178,820 5,039,148 * American Shared Hospital Services.................. 4,548 11,415 * AMN Healthcare Services, Inc....................... 93,637 1,762,248 #* Amsurg Corp........................................ 204,093 11,261,852 # Analogic Corp...................................... 51,188 4,173,358 * AngioDynamics, Inc................................. 147,829 2,844,969 #* Anika Therapeutics, Inc............................ 55,026 2,155,919 * Arqule, Inc........................................ 8,633 10,014 #* Arrhythmia Research Technology, Inc................ 600 4,614 #* Bio-Rad Laboratories, Inc. Class A................. 21,715 2,485,716 #* BioScrip, Inc...................................... 283,798 1,631,838 #* BioTelemetry, Inc.................................. 99,971 987,713 * Cambrex Corp....................................... 153,914 3,452,291 Cantel Medical Corp................................ 8,365 339,368 #* Capital Senior Living Corp......................... 87,901 2,098,197 #* Community Health Systems, Inc...................... 506,694 23,850,087 # CONMED Corp........................................ 141,317 6,732,342 * Cross Country Healthcare, Inc...................... 127,342 1,302,709 CryoLife, Inc...................................... 118,421 1,333,420 #* Cumberland Pharmaceuticals, Inc.................... 90,380 525,108 * Cutera, Inc........................................ 68,829 915,426 * Cynosure, Inc. Class A............................. 86,895 2,625,967 Digirad Corp....................................... 88,544 367,458 * Electromed, Inc.................................... 14,700 33,663 #* Emergent Biosolutions, Inc......................... 155,417 4,356,338 Ensign Group, Inc. (The)........................... 30,899 1,282,308 #* Enzo Biochem, Inc.................................. 132,897 418,626 * Exactech, Inc...................................... 44,981 935,155 * Five Star Quality Care, Inc........................ 218,412 760,074 * Genesis Healthcare, Inc............................ 63,759 529,200 * Gentiva Health Services, Inc....................... 121,253 2,354,733 * Greatbatch, Inc.................................... 135,788 6,593,865 * Haemonetics Corp................................... 144,876 5,737,090 * Halyard Health, Inc................................ 7,211 321,394 #* Hanger, Inc........................................ 111,931 2,415,471 * Harvard Apparatus Regenerative Technology, Inc..... 34,120 110,890 * Harvard Bioscience, Inc............................ 148,840 775,456 * Health Net, Inc.................................... 68,156 3,692,010 * Healthways, Inc.................................... 204,778 4,222,522 Hill-Rom Holdings, Inc............................. 141,553 6,760,571 #* Hologic, Inc....................................... 395,375 12,005,562 * ICU Medical, Inc................................... 56,000 4,680,480 22 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Impax Laboratories, Inc............................ 231,285 $ 8,481,221 #* InfuSystems Holdings, Inc.......................... 17,749 48,987 * Integra LifeSciences Holdings Corp................. 115,696 6,446,581 Invacare Corp...................................... 167,384 2,452,176 #* IPC Healthcare, Inc................................ 58,316 2,353,634 Kewaunee Scientific Corp........................... 8,388 150,481 Kindred Healthcare, Inc............................ 301,101 5,558,324 #* Lannett Co., Inc................................... 17,493 829,693 LeMaitre Vascular, Inc............................. 73,991 585,269 #* LHC Group, Inc..................................... 79,076 2,350,139 * LifePoint Hospitals, Inc........................... 233,325 15,222,123 #* Lipocine, Inc...................................... 5,000 27,750 #* Luminex Corp....................................... 6,424 113,384 * Magellan Health, Inc............................... 140,801 8,464,956 #* Mallinckrodt P.L.C................................. 29,048 3,078,798 * MedAssets, Inc..................................... 253,024 4,683,474 o* MedCath Corp....................................... 103,153 -- #* Medicines Co. (The)................................ 141,955 4,069,850 #* MediciNova, Inc.................................... 23,798 89,956 * Merit Medical Systems, Inc......................... 91,761 1,406,696 * Misonix, Inc....................................... 5,883 78,656 #* Molina Healthcare, Inc............................. 276,308 14,066,840 # National Healthcare Corp........................... 30,929 1,947,599 * Natus Medical, Inc................................. 174,102 6,546,235 * NuVasive, Inc...................................... 128,929 5,971,991 Omnicare, Inc...................................... 597,354 44,789,603 * Omnicell, Inc...................................... 228,895 7,285,728 #* OraSure Technologies, Inc.......................... 10,559 97,037 * Orthofix International NV.......................... 21,694 661,667 # Owens & Minor, Inc................................. 264,618 9,057,874 #* Pacific Biosciences of California, Inc............. 47,647 383,082 Paratek Pharmaceuticals, Inc....................... 5,099 125,945 #* PDI, Inc........................................... 111,537 173,998 * PharMerica Corp.................................... 153,288 3,527,157 #* PhotoMedex, Inc.................................... 6,849 12,876 * Pozen, Inc......................................... 28,419 196,375 #* Prestige Brands Holdings, Inc...................... 313,269 10,732,596 #* Repligen Corp...................................... 112,834 2,740,738 #* Rigel Pharmaceuticals, Inc......................... 40,900 84,663 * RTI Surgical, Inc.................................. 275,919 1,230,599 * Sciclone Pharmaceuticals, Inc...................... 334,998 2,472,285 # Select Medical Holdings Corp....................... 557,457 7,536,819 Span-America Medical Systems, Inc.................. 7,621 131,081 # STERIS Corp........................................ 29,877 1,948,578 #* Sucampo Pharmaceuticals, Inc. Class A.............. 50,082 754,235 * Symmetry Surgical, Inc............................. 48,254 347,429 #* Targacept, Inc..................................... 23,151 58,109 # Teleflex, Inc...................................... 83,589 9,158,011 * Tornier NV......................................... 40,308 974,244 * Triple-S Management Corp. Class B.................. 105,646 2,543,956 * Universal American Corp............................ 380,924 3,439,744 * VCA, Inc........................................... 189,217 9,858,206 23 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) #* WellCare Health Plans, Inc......................... 92,035 $ 6,704,750 ------------ Total Health Care...................................... 380,322,655 ------------ Industrials -- (15.2%) AAR Corp........................................... 206,357 5,914,192 ABM Industries, Inc................................ 222,796 6,432,121 Acacia Research Corp............................... 8,595 107,609 * ACCO Brands Corp................................... 363,970 2,882,642 * Accuride Corp...................................... 42,420 186,648 Aceto Corp......................................... 154,305 2,993,517 Acme United Corp................................... 12,718 241,642 Actuant Corp. Class A.............................. 283,315 6,547,410 #* Adept Technology, Inc.............................. 9,963 92,656 # ADT Corp. (The).................................... 688,362 23,679,653 * AECOM.............................................. 628,762 15,983,130 * Aegion Corp........................................ 186,883 2,863,048 * AeroCentury Corp................................... 782 6,334 #* Aerovironment, Inc................................. 124,522 3,186,518 # AGCO Corp.......................................... 303,952 13,173,280 Air Lease Corp..................................... 276,869 9,673,803 * Air Transport Services Group, Inc.................. 303,540 2,528,488 Alamo Group, Inc................................... 63,138 2,844,367 Alaska Air Group, Inc.............................. 449,041 30,476,413 Albany International Corp. Class A................. 142,582 4,866,324 # Alliant Techsystems, Inc........................... 73,351 9,558,369 Allied Motion Technologies, Inc.................... 10,925 244,938 #* Alpha PRO Tech, Ltd................................ 11,540 30,004 Altra Industrial Motion Corp....................... 144,296 3,686,763 * AMERCO............................................. 84,246 24,103,623 #* Ameresco, Inc. Class A............................. 22,000 128,260 # American Railcar Industries, Inc................... 121,307 6,089,611 # American Science & Engineering, Inc................ 11,032 511,885 #* American Superconductor Corp....................... 37,950 26,565 #* American Woodmark Corp............................. 4,684 192,653 * AMREP Corp......................................... 7,243 27,523 Apogee Enterprises, Inc............................ 139,577 6,038,101 Applied Industrial Technologies, Inc............... 173,474 7,013,554 * ARC Document Solutions, Inc........................ 130,197 1,193,906 ArcBest Corp....................................... 152,757 5,691,726 # Argan, Inc......................................... 14,857 451,801 #* Arotech Corp....................................... 11,970 27,292 # Astec Industries, Inc.............................. 90,240 3,208,934 #* Atlas Air Worldwide Holdings, Inc.................. 151,882 6,865,066 * Avalon Holdings Corp. Class A...................... 1,925 5,833 * Avis Budget Group, Inc............................. 665,365 38,132,068 # AZZ, Inc........................................... 92,469 3,901,267 # Baltic Trading, Ltd................................ 54,155 87,731 Barnes Group, Inc.................................. 238,149 8,180,418 # Barrett Business Services, Inc..................... 21,296 652,722 * Beacon Roofing Supply, Inc......................... 178,706 4,233,545 * Blount International, Inc.......................... 9,261 143,545 * BlueLinx Holdings, Inc............................. 217,402 226,098 Brady Corp. Class A................................ 155,556 4,070,901 24 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Breeze-Eastern Corp................................ 38,653 $ 388,463 # Briggs & Stratton Corp............................. 259,610 4,779,420 # Brink's Co. (The).................................. 113,139 2,535,445 * CAI International, Inc............................. 79,862 1,674,706 * Casella Waste Systems, Inc. Class A................ 39,056 148,803 #* CBIZ, Inc.......................................... 205,958 1,705,332 CDI Corp........................................... 103,738 1,762,509 # Ceco Environmental Corp............................ 34,172 468,840 Celadon Group, Inc................................. 133,198 3,174,108 Chicago Rivet & Machine Co......................... 2,310 70,501 CIRCOR International, Inc.......................... 84,843 4,190,396 Civeo Corp......................................... 229,504 672,447 # CLARCOR, Inc....................................... 22,361 1,398,233 #* Clean Harbors, Inc................................. 113,517 5,371,624 Columbus McKinnon Corp............................. 95,290 2,387,014 Comfort Systems USA, Inc........................... 195,774 3,259,637 Compx International, Inc........................... 5,019 54,155 Con-way, Inc....................................... 249,149 10,207,635 # Copa Holdings SA Class A........................... 53,920 5,796,939 # Courier Corp....................................... 52,547 1,233,278 # Covanta Holding Corp............................... 539,990 11,037,396 * Covenant Transportation Group, Inc. Class A........ 49,047 1,388,030 #* CPI Aerostructures, Inc............................ 30,852 362,511 * CRA International, Inc............................. 46,319 1,367,800 #* CTPartners Executive Search, Inc................... 1,700 9,316 Cubic Corp......................................... 36,328 1,899,591 Curtiss-Wright Corp................................ 255,204 16,978,722 #* DigitalGlobe, Inc.................................. 114,353 3,074,952 Douglas Dynamics, Inc.............................. 100,626 2,031,639 * Ducommun, Inc...................................... 49,344 1,281,464 * DXP Enterprises, Inc............................... 1,191 48,855 * Dycom Industries, Inc.............................. 147,376 4,540,655 Dynamic Materials Corp............................. 47,237 668,876 * Eagle Bulk Shipping, Inc........................... 41 420 Eastern Co. (The).................................. 16,266 307,753 Ecology and Environment, Inc. Class A.............. 8,425 82,565 EMCOR Group, Inc................................... 90,983 3,672,074 Encore Wire Corp................................... 110,081 3,371,781 #* Energy Recovery, Inc............................... 62,480 206,184 # EnerSys............................................ 170,638 9,961,846 #* Engility Holdings, Inc............................. 48,996 1,954,940 Ennis, Inc......................................... 141,695 1,890,211 * EnPro Industries, Inc.............................. 110,538 6,558,220 ESCO Technologies, Inc............................. 106,370 3,831,447 # Espey Manufacturing & Electronics Corp............. 7,809 209,359 #* Esterline Technologies Corp........................ 110,020 12,332,142 Exelis, Inc........................................ 657,118 11,243,289 Federal Signal Corp................................ 280,838 4,288,396 * Franklin Covey Co.................................. 118,421 2,139,867 # Franklin Electric Co., Inc......................... 91,098 3,116,463 # FreightCar America, Inc............................ 60,137 1,403,598 #* FTI Consulting, Inc................................ 189,885 7,722,623 #* Fuel Tech, Inc..................................... 57,322 185,150 25 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * Furmanite Corp..................................... 77,307 $ 566,660 G&K Services, Inc. Class A......................... 95,020 6,660,902 GATX Corp.......................................... 229,076 13,091,693 #* Gencor Industries, Inc............................. 24,929 228,100 # General Cable Corp................................. 278,409 3,184,999 #* Genesee & Wyoming, Inc. Class A.................... 46,696 3,850,085 * Gibraltar Industries, Inc.......................... 145,546 2,203,566 # Global Power Equipment Group, Inc.................. 8,191 100,995 #* Goldfield Corp. (The).............................. 32,351 73,437 * GP Strategies Corp................................. 86,740 2,895,381 #* GrafTech International, Ltd........................ 366,018 1,328,645 Graham Corp........................................ 3,830 79,243 # Granite Construction, Inc.......................... 174,838 5,958,479 * Great Lakes Dredge & Dock Corp..................... 297,689 2,313,044 # Greenbrier Cos., Inc. (The)........................ 152,823 7,936,098 # Griffon Corp....................................... 279,210 4,101,595 H&E Equipment Services, Inc........................ 130,268 2,284,901 Hardinge, Inc...................................... 53,303 608,187 #* Hawaiian Holdings, Inc............................. 314,551 6,114,871 Heidrick & Struggles International, Inc............ 81,043 1,795,913 * Heritage-Crystal Clean, Inc........................ 3,752 47,838 * Hill International, Inc............................ 142,280 543,510 Houston Wire & Cable Co............................ 133,594 1,478,886 #* Hub Group, Inc. Class A............................ 194,337 6,490,856 * Hudson Global, Inc................................. 119,294 292,270 Hurco Cos., Inc.................................... 34,584 1,213,207 * Huron Consulting Group, Inc........................ 96,725 7,275,654 Hyster-Yale Materials Handling, Inc................ 62,641 3,924,459 * ICF International, Inc............................. 76,377 2,853,445 #* InnerWorkings, Inc................................. 40,643 208,499 #* Innovative Solutions & Support, Inc................ 9,704 38,234 Insteel Industries, Inc............................ 84,828 1,732,188 * Integrated Electrical Services, Inc................ 40,643 297,100 # International Shipholding Corp..................... 26,279 440,436 # Intersections, Inc................................. 43,923 150,217 * Jacobs Engineering Group, Inc...................... 91,041 3,468,662 #* JetBlue Airways Corp............................... 1,516,297 25,458,627 # Joy Global, Inc.................................... 123,503 5,179,716 Kadant, Inc........................................ 36,328 1,443,675 # Kaman Corp......................................... 101,213 3,848,118 KBR, Inc........................................... 64,661 1,068,846 # Kelly Services, Inc. Class A....................... 168,394 2,845,859 # Kennametal, Inc.................................... 14,397 452,354 * Key Technology, Inc................................ 23,834 305,075 Kimball International, Inc. Class B................ 161,322 1,398,662 * Kirby Corp......................................... 118,556 8,594,124 # Knight Transportation, Inc......................... 296,033 8,433,980 # Knightsbridge Shipping, Ltd........................ 121,293 486,385 * Korn/Ferry International........................... 212,199 6,047,671 #* Kratos Defense & Security Solutions, Inc........... 229,227 1,114,043 * Lawson Products, Inc............................... 39,074 961,220 #* Layne Christensen Co............................... 99,974 808,790 LB Foster Co. Class A.............................. 44,338 2,102,065 26 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* LMI Aerospace, Inc................................. 63,379 $ 899,982 LS Starrett Co. (The) Class A...................... 24,580 530,191 LSI Industries, Inc................................ 107,928 792,192 * Lydall, Inc........................................ 82,151 2,263,260 Manpowergroup, Inc................................. 112,752 8,217,366 # Marten Transport, Ltd.............................. 156,725 3,205,026 #* MasTec, Inc........................................ 197,905 3,665,201 #* Mastech Holdings, Inc.............................. 1,377 14,335 Matson, Inc........................................ 186,635 6,485,566 Matthews International Corp. Class A............... 131,976 6,114,448 McGrath RentCorp................................... 99,493 3,022,597 * Mfri, Inc.......................................... 27,948 155,950 Miller Industries, Inc............................. 63,420 1,281,084 * Mistras Group, Inc................................. 35,742 718,414 # Mobile Mini, Inc................................... 256,466 9,309,716 * Moog, Inc. Class A................................. 54,689 3,844,637 #* MRC Global, Inc.................................... 158,015 1,708,142 Mueller Industries, Inc............................ 245,921 7,719,460 Mueller Water Products, Inc. Class A............... 542,454 5,549,304 # Multi-Color Corp................................... 60,694 3,533,605 * MYR Group, Inc..................................... 111,677 2,795,275 # National Presto Industries, Inc.................... 7,322 461,286 * Navigant Consulting, Inc........................... 197,309 2,847,169 # NL Industries, Inc................................. 87,722 614,931 NN, Inc............................................ 86,492 1,993,641 #* Northwest Pipe Co.................................. 45,902 1,098,435 * NV5 Holdings, Inc.................................. 5,007 59,333 * On Assignment, Inc................................. 215,889 7,584,181 * Orbital Sciences Corp.............................. 226,202 6,354,014 #* Orion Energy Systems, Inc.......................... 72,067 326,464 #* Orion Marine Group, Inc............................ 67,632 617,480 # Oshkosh Corp....................................... 177,767 7,617,316 Owens Corning...................................... 624,093 24,994,925 #* PAM Transportation Services, Inc................... 37,772 2,186,999 Park-Ohio Holdings Corp............................ 761 40,660 * Patrick Industries, Inc............................ 9,440 405,920 * Pendrell Corp...................................... 20,276 26,359 * Perma-Fix Environmental Services................... 15,435 64,055 * PGT, Inc........................................... 10,154 87,223 * PMFG, Inc.......................................... 10,524 50,620 # Powell Industries, Inc............................. 43,165 1,683,867 #* PowerSecure International, Inc..................... 96,570 907,758 Preformed Line Products Co......................... 20,966 1,002,384 # Providence and Worcester Railroad Co............... 2,567 47,361 Quad/Graphics, Inc................................. 44,908 899,956 Quanex Building Products Corp...................... 153,074 2,882,383 * Quanta Services, Inc............................... 693,106 18,353,447 #* Radiant Logistics, Inc............................. 21,320 102,549 RBC Bearings, Inc.................................. 21,224 1,231,841 RCM Technologies, Inc.............................. 41,207 243,945 Regal-Beloit Corp.................................. 165,321 11,382,351 #* Republic Airways Holdings, Inc..................... 242,281 3,333,787 Resources Connection, Inc.......................... 155,934 2,604,098 27 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Roadrunner Transportation Systems, Inc............. 100,378 $ 2,039,681 #* RPX Corp........................................... 153,615 1,897,145 #* Rush Enterprises, Inc. Class A..................... 139,034 3,892,952 * Rush Enterprises, Inc. Class B..................... 1,650 44,798 Ryder System, Inc.................................. 309,611 25,632,695 * Saia, Inc.......................................... 130,975 5,515,357 # SIFCO Industries, Inc.............................. 16,504 478,451 Simpson Manufacturing Co., Inc..................... 206,424 6,737,679 SkyWest, Inc....................................... 255,435 3,205,709 * SL Industries, Inc................................. 16,927 723,629 * SP Plus Corp....................................... 25,784 575,499 * Sparton Corp....................................... 49,588 1,164,326 #* Standard Register Co. (The)........................ 16,730 26,266 Standex International Corp......................... 60,488 4,239,604 #* Sterling Construction Co., Inc..................... 77,398 268,571 Supreme Industries, Inc. Class A................... 29,353 226,312 # TAL International Group, Inc....................... 216,260 8,790,969 * Team, Inc.......................................... 57,569 2,195,682 * Tecumseh Products Co............................... 51,188 181,206 # Terex Corp......................................... 199,602 4,487,053 Tetra Tech, Inc.................................... 253,912 5,847,593 # Textainer Group Holdings, Ltd...................... 10,689 350,706 * Thermon Group Holdings, Inc........................ 27,814 568,796 Timken Co. (The)................................... 144,998 5,511,374 # Titan International, Inc........................... 187,506 1,676,304 #* Titan Machinery, Inc............................... 121,425 1,715,735 #* Transcat, Inc...................................... 5,948 54,186 * TRC Cos., Inc...................................... 13,264 91,654 * Trimas Corp........................................ 104,911 2,831,548 # Trinity Industries, Inc............................ 970,590 25,691,517 # Triumph Group, Inc................................. 189,529 10,814,525 * TrueBlue, Inc...................................... 8,516 187,863 * Tutor Perini Corp.................................. 226,228 4,911,410 Twin Disc, Inc..................................... 47,175 759,517 * Ultralife Corp..................................... 84,726 283,832 UniFirst Corp...................................... 76,293 8,859,906 # United Stationers, Inc............................. 163,552 6,592,781 Universal Forest Products, Inc..................... 93,810 4,696,129 #* USA Truck, Inc..................................... 51,322 1,426,752 #* UTi Worldwide, Inc................................. 173,996 2,065,333 # Valmont Industries, Inc............................ 47,654 5,724,198 * Vectrus, Inc....................................... 12,541 349,141 #* Veritiv Corp....................................... 5,819 296,013 * Versar, Inc........................................ 35,947 109,638 Viad Corp.......................................... 100,377 2,708,171 * Virco Manufacturing Corp........................... 19,199 46,078 * Volt Information Sciences, Inc..................... 53,723 673,686 # VSE Corp........................................... 15,736 1,138,814 #* Wabash National Corp............................... 101,440 1,264,957 Waste Connections, Inc............................. 477,822 20,651,467 Watts Water Technologies, Inc. Class A............. 144,348 8,463,123 # Werner Enterprises, Inc............................ 308,536 8,802,532 #* Wesco Aircraft Holdings, Inc....................... 214,695 2,799,623 28 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Industrials -- (Continued) #* WESCO International, Inc.......................... 96,693 $ 6,455,225 #* Willdan Group, Inc................................ 6,323 88,459 * Willis Lease Finance Corp......................... 12,818 264,820 # Woodward, Inc..................................... 20,739 925,167 #* XPO Logistics, Inc................................ 87,473 3,218,132 -------------- Total Industrials..................................... 1,001,406,360 -------------- Information Technology -- (12.2%) #* Acorn Energy, Inc................................. 12,228 6,359 * Actua Corp........................................ 107,744 1,734,678 * Acxiom Corp....................................... 176,248 3,207,714 * ADDvantage Technologies Group, Inc................ 11,887 27,578 # ADTRAN, Inc....................................... 181,719 4,017,807 * Advanced Energy Industries, Inc................... 217,892 5,229,408 #* Agilysys, Inc..................................... 89,156 925,439 * Alpha & Omega Semiconductor, Ltd.................. 37,546 329,278 American Software, Inc. Class A................... 14,292 118,481 * Amkor Technology, Inc............................. 846,260 5,373,751 * Amtech Systems, Inc............................... 50,698 414,203 #* ANADIGICS, Inc.................................... 235,119 253,929 * Anixter International, Inc........................ 38,943 2,934,744 * AOL, Inc.......................................... 435,272 18,825,514 * ARRIS Group, Inc.................................. 451,805 11,846,327 * Arrow Electronics, Inc............................ 510,838 28,116,524 Astro-Med, Inc.................................... 24,407 357,196 #* Aviat Networks, Inc............................... 254,758 326,090 * Avid Technology, Inc.............................. 39,919 517,350 Avnet, Inc........................................ 659,675 27,455,673 AVX Corp.......................................... 513,545 6,640,137 Aware, Inc........................................ 57,672 281,439 * Axcelis Technologies, Inc......................... 209,652 503,165 * AXT, Inc.......................................... 186,167 517,544 #* Bankrate, Inc..................................... 193,657 2,416,839 Bel Fuse, Inc. Class A............................ 3,065 63,446 Bel Fuse, Inc. Class B............................ 46,351 1,090,176 * Benchmark Electronics, Inc........................ 298,403 7,230,305 Black Box Corp.................................... 82,688 1,737,275 * Blonder Tongue Laboratories....................... 4,600 7,682 #* Blucora, Inc...................................... 226,372 3,060,549 * BroadVision, Inc.................................. 22,469 135,488 Brocade Communications Systems, Inc............... 1,765,119 19,628,123 Brooks Automation, Inc............................ 310,373 4,006,915 * Bsquare Corp...................................... 28,607 126,729 * BTU International, Inc............................ 17,003 44,718 * CACI International, Inc. Class A.................. 140,211 11,860,448 * Calix, Inc........................................ 202,390 1,942,944 * Cartesian, Inc.................................... 4,096 16,998 * Cascade Microtech, Inc............................ 62,589 842,448 #* Ceva, Inc......................................... 20,291 371,528 * Checkpoint Systems, Inc........................... 172,044 2,229,690 #* Ciber, Inc........................................ 350,209 1,131,175 #* Cirrus Logic, Inc................................. 244,693 6,484,364 # ClearOne, Inc..................................... 200 2,124 29 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Coherent, Inc...................................... 104,921 $ 6,492,511 Cohu, Inc.......................................... 108,687 1,231,424 Communications Systems, Inc........................ 39,335 403,184 Computer Task Group, Inc........................... 2,165 17,515 Comtech Telecommunications Corp.................... 116,145 3,837,431 Concurrent Computer Corp........................... 41,378 260,681 # Convergys Corp..................................... 590,305 11,310,244 * CoreLogic, Inc..................................... 340,781 11,313,929 * Covisint Corp...................................... 23,933 53,131 # CSG Systems International, Inc..................... 148,033 3,629,769 CSP, Inc........................................... 3,924 27,782 CTS Corp........................................... 162,305 2,596,880 #* CyberOptics Corp................................... 23,180 252,894 # Daktronics, Inc.................................... 88,507 1,095,717 #* Datalink Corp...................................... 87,842 997,885 #* Dealertrack Technologies, Inc...................... 5,443 218,809 #* Demand Media, Inc.................................. 32,915 133,306 * Dice Holdings, Inc................................. 270,354 2,235,828 * Digi International, Inc............................ 125,500 1,198,525 # Digimarc Corp...................................... 3,527 95,300 #* Digital River, Inc................................. 118,900 3,035,517 * Diodes, Inc........................................ 185,604 4,905,514 * DSP Group, Inc..................................... 113,470 1,247,035 DST Systems, Inc................................... 90,232 8,725,434 * DTS, Inc........................................... 58,907 1,632,902 # EarthLink Holdings Corp............................ 552,396 2,331,111 #* Eastman Kodak Co................................... 2,349 42,305 #* Echelon Corp....................................... 7,475 10,465 * EchoStar Corp. Class A............................. 188,046 9,810,360 * Edgewater Technology, Inc.......................... 32,647 230,161 Electro Rent Corp.................................. 121,380 1,564,588 # Electro Scientific Industries, Inc................. 134,250 841,748 * Electronics for Imaging, Inc....................... 235,046 9,084,528 #* Emcore Corp........................................ 17,043 88,112 #* Emulex Corp........................................ 367,715 2,301,896 #* EnerNOC, Inc....................................... 122,028 2,101,322 * Entegris, Inc...................................... 564,484 7,338,292 #* Entropic Communications, Inc....................... 267,467 692,740 # EPIQ Systems, Inc.................................. 154,548 2,696,863 * ePlus, Inc......................................... 38,437 2,592,191 #* Euronet Worldwide, Inc............................. 11,695 530,836 #* Exar Corp.......................................... 219,016 1,975,524 * ExlService Holdings, Inc........................... 94,694 2,782,110 * Extreme Networks, Inc.............................. 63,639 187,099 * Fabrinet........................................... 107,757 1,759,672 #* Fairchild Semiconductor International, Inc......... 720,838 11,064,863 #* FARO Technologies, Inc............................. 34,147 1,890,036 #* Finisar Corp....................................... 397,583 7,212,156 #* First Solar, Inc................................... 629,345 26,633,880 * FormFactor, Inc.................................... 247,070 1,865,379 * Frequency Electronics, Inc......................... 32,980 376,137 * Global Cash Access Holdings, Inc................... 246,142 1,626,999 Globalscape, Inc................................... 11,400 26,448 30 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * GSE Systems, Inc................................... 70,034 $ 116,256 * GSI Group, Inc..................................... 66,075 873,512 #* GSI Technology, Inc................................ 75,957 384,342 Hackett Group, Inc. (The).......................... 179,152 1,357,972 * Harmonic, Inc...................................... 473,996 3,626,069 * Higher One Holdings, Inc........................... 2,900 9,599 #* Hutchinson Technology, Inc......................... 113,022 394,447 IAC/InterActiveCorp................................ 67,470 4,112,297 * ID Systems, Inc.................................... 54,528 359,340 * Identiv, Inc....................................... 1,155 14,565 * IEC Electronics Corp............................... 8,769 39,285 * II-VI, Inc......................................... 28,408 488,334 #* Imation Corp....................................... 171,828 646,073 * Ingram Micro, Inc. Class A......................... 789,039 19,868,002 * Innodata, Inc...................................... 4,088 11,692 * Insight Enterprises, Inc........................... 219,712 5,200,583 #* Integrated Device Technology, Inc.................. 457,074 8,359,883 Integrated Silicon Solution, Inc................... 138,479 2,226,742 #* Internap Corp...................................... 336,121 2,830,139 * Interphase Corp.................................... 17,829 36,728 Intersil Corp. Class A............................. 726,674 10,398,705 * inTEST Corp........................................ 12,894 54,671 #* Intevac, Inc....................................... 102,204 664,326 * IntraLinks Holdings, Inc........................... 122,586 1,306,767 * IntriCon Corp...................................... 10,021 74,155 * Iteris, Inc........................................ 16,517 29,731 #* Itron, Inc......................................... 141,839 5,277,829 * Ixia............................................... 50,471 511,776 IXYS Corp.......................................... 143,506 1,621,618 Jabil Circuit, Inc................................. 732,410 15,094,970 * Kemet Corp......................................... 135,833 516,165 * Key Tronic Corp.................................... 56,373 519,759 * Kimball Electronics, Inc........................... 120,991 1,231,688 #* Knowles Corp....................................... 186,614 3,958,083 * Kofax, Ltd......................................... 26,278 181,055 #* Kopin Corp......................................... 213,993 781,074 * Kulicke & Soffa Industries, Inc.................... 399,262 6,056,805 * KVH Industries, Inc................................ 113,581 1,374,330 * Lattice Semiconductor Corp......................... 476,959 3,400,718 # Lexmark International, Inc. Class A................ 270,066 10,778,334 * Limelight Networks, Inc............................ 370,266 984,908 #* LoJack Corp........................................ 34,931 74,054 * Magnachip Semiconductor Corp....................... 133,061 1,913,417 ManTech International Corp. Class A................ 110,545 3,596,029 Marchex, Inc. Class B.............................. 111,980 426,644 Marvell Technology Group, Ltd...................... 1,528,327 23,673,785 * Mattson Technology, Inc............................ 43,795 144,086 #* Maxwell Technologies, Inc.......................... 89,495 712,380 Mentor Graphics Corp............................... 491,100 11,300,211 * Mercury Systems, Inc............................... 131,476 2,074,691 Methode Electronics, Inc........................... 212,208 7,675,563 Micrel, Inc........................................ 21,313 299,874 * Microsemi Corp..................................... 387,119 10,785,135 31 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) MKS Instruments, Inc............................... 288,661 $10,106,022 MOCON, Inc......................................... 12,717 220,640 #* ModusLink Global Solutions, Inc.................... 170,782 616,523 #* Monster Worldwide, Inc............................. 320,649 1,324,280 #* MoSys, Inc......................................... 17,801 35,780 * Multi-Fineline Electronix, Inc..................... 84,449 1,098,681 #* Nanometrics, Inc................................... 49,387 767,474 * NAPCO Security Technologies, Inc................... 33,409 166,043 * NCI, Inc. Class A.................................. 11,516 141,877 * NCR Corp........................................... 179,306 4,554,372 * NeoPhotonics Corp.................................. 11,456 34,368 #* NETGEAR, Inc....................................... 118,961 4,017,313 * Newport Corp....................................... 192,338 3,562,100 #* Novatel Wireless, Inc.............................. 117,883 622,422 #* Oclaro, Inc........................................ 198,548 283,924 * OmniVision Technologies, Inc....................... 357,023 9,653,902 * ON Semiconductor Corp.............................. 668,413 6,690,814 # Optical Cable Corp................................. 28,064 146,213 #* OSI Systems, Inc................................... 83,075 5,813,589 * PAR Technology Corp................................ 59,048 338,936 Park Electrochemical Corp.......................... 67,217 1,459,281 PC Connection, Inc................................. 116,384 2,764,120 PC-Tel, Inc........................................ 42,442 356,088 * PCM, Inc........................................... 51,256 486,932 Perceptron, Inc.................................... 40,400 432,684 * Perficient, Inc.................................... 174,093 3,133,674 * Pericom Semiconductor Corp......................... 123,556 1,805,153 #* Photronics, Inc.................................... 311,067 2,612,963 #* Planar Systems, Inc................................ 64,266 470,427 * Plexus Corp........................................ 134,863 5,109,959 * PMC-Sierra, Inc.................................... 865,801 7,653,681 * Polycom, Inc....................................... 589,188 7,836,200 #* PRGX Global, Inc................................... 40,923 212,390 #* Procera Networks, Inc.............................. 31,698 278,308 * Progress Software Corp............................. 204,224 5,115,811 * QLogic Corp........................................ 204,592 2,733,349 * Qorvo, Inc......................................... 434,383 32,087,872 * Qualstar Corp...................................... 33,400 47,428 #* QuinStreet, Inc.................................... 27,450 140,544 * Qumu Corp.......................................... 42,582 604,664 * Radisys Corp....................................... 123,441 286,383 * RealNetworks, Inc.................................. 199,743 1,404,193 Reis, Inc.......................................... 44,432 999,720 #* Relm Wireless Corp................................. 8,250 43,973 # RF Industries, Ltd................................. 30,109 135,189 # Richardson Electronics, Ltd........................ 77,071 722,155 #* Rightside Group, Ltd............................... 2,646 20,903 * Rofin-Sinar Technologies, Inc...................... 77,168 2,077,363 * Rogers Corp........................................ 71,928 5,312,602 #* Rosetta Stone, Inc................................. 47,683 430,101 * Rovi Corp.......................................... 397,343 9,182,597 #* Rubicon Technology, Inc............................ 53,423 222,240 #* Rudolph Technologies, Inc.......................... 170,691 1,712,031 32 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Sanmina Corp....................................... 415,810 $ 8,806,856 * ScanSource, Inc.................................... 97,565 3,364,041 * Seachange International, Inc....................... 181,554 1,281,771 * ShoreTel, Inc...................................... 75,007 531,050 * Sigma Designs, Inc................................. 157,798 1,003,595 * Silicon Image, Inc................................. 309,994 2,250,556 * Silicon Laboratories, Inc.......................... 123,339 5,397,315 * SMTC Corp.......................................... 30,286 50,275 * Sonus Networks, Inc................................ 78,433 1,496,498 * Spansion, Inc. Class A............................. 141,425 5,014,931 * StarTek, Inc....................................... 60,586 571,326 #* SunPower Corp...................................... 64,365 1,552,484 * Super Micro Computer, Inc.......................... 160,074 5,853,906 * support.com, Inc................................... 157,280 308,269 * Sykes Enterprises, Inc............................. 190,811 4,297,064 # SYNNEX Corp........................................ 196,018 14,542,575 #* Take-Two Interactive Software, Inc................. 346,328 10,292,868 * Tech Data Corp..................................... 261,278 14,918,974 * TechTarget, Inc.................................... 14,963 165,341 * TeleCommunication Systems, Inc. Class A............ 254,011 718,851 #* Telenav, Inc....................................... 107,637 697,488 * TeleTech Holdings, Inc............................. 24,492 540,294 Tessco Technologies, Inc........................... 39,695 899,092 Tessera Technologies, Inc.......................... 237,546 8,808,206 TheStreet, Inc..................................... 116,295 241,894 * Trio Tech International............................ 979 2,898 #* TTM Technologies, Inc.............................. 326,468 2,268,953 * Ultra Clean Holdings, Inc.......................... 100,019 880,167 * United Online, Inc................................. 88,316 1,165,771 * Universal Security Instruments, Inc................ 1,353 8,362 #* Veeco Instruments, Inc............................. 86,786 2,531,548 * Viasystems Group, Inc.............................. 113,088 1,810,539 # Vicon Industries, Inc.............................. 22,202 34,413 * Video Display Corp................................. 10,067 25,268 #* Virtusa Corp....................................... 102,238 3,829,835 # Vishay Intertechnology, Inc........................ 754,072 10,270,461 * Vishay Precision Group, Inc........................ 54,769 911,356 Wayside Technology Group, Inc...................... 12,218 216,625 * Westell Technologies, Inc. Class A................. 113,872 142,340 * Wireless Telecom Group, Inc........................ 10,991 34,622 * Xcerra Corp........................................ 160,681 1,234,030 * XO Group, Inc...................................... 136,025 2,236,251 #* Zynga, Inc. Class A................................ 1,610,938 4,124,001 ------------ Total Information Technology........................... 802,865,667 ------------ Materials -- (6.5%) A Schulman, Inc.................................... 147,127 5,127,376 #* AEP Industries, Inc................................ 1,645 82,431 # Allegheny Technologies, Inc........................ 78,601 2,242,487 #* Allied Nevada Gold Corp............................ 27,900 28,737 #* AM Castle & Co..................................... 109,790 664,229 # American Vanguard Corp............................. 14,709 164,447 Ampco-Pittsburgh Corp.............................. 33,537 610,373 33 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) # Aptargroup, Inc.................................... 19,338 $ 1,220,421 Axiall Corp........................................ 217,752 9,635,526 Bemis Co., Inc..................................... 323,514 14,331,670 * Boise Cascade Co................................... 133,828 5,412,004 Cabot Corp......................................... 89,074 3,777,628 * Calgon Carbon Corp................................. 221,065 4,361,612 # Carpenter Technology Corp.......................... 12,506 474,478 * Century Aluminum Co................................ 454,590 10,505,575 # Chase Corp......................................... 26,318 942,184 * Chemtura Corp...................................... 384,580 8,379,998 * Clearwater Paper Corp.............................. 83,916 6,211,462 # Cliffs Natural Resources, Inc...................... 64,445 413,737 #* Codexis, Inc....................................... 3,757 14,352 #* Coeur Mining, Inc.................................. 448,217 2,823,767 Commercial Metals Co............................... 668,655 8,973,350 #* Continental Materials Corp......................... 125 2,175 * Core Molding Technologies, Inc..................... 31,258 453,241 Cytec Industries, Inc.............................. 239,089 11,473,881 Domtar Corp........................................ 367,244 14,065,445 Friedman Industries, Inc........................... 32,585 203,982 FutureFuel Corp.................................... 139,657 1,534,830 Globe Specialty Metals, Inc........................ 10,749 165,750 * Graphic Packaging Holding Co....................... 404,545 5,857,812 Greif, Inc. Class A................................ 47,111 1,799,640 # Greif, Inc. Class B................................ 1,245 54,543 # Hawkins, Inc....................................... 12,550 483,301 Haynes International, Inc.......................... 36,313 1,413,665 # HB Fuller Co....................................... 214,802 8,839,102 # Hecla Mining Co.................................... 605,813 1,993,125 #* Horsehead Holding Corp............................. 170,481 2,291,265 # Huntsman Corp...................................... 862,630 18,943,355 # Innophos Holdings, Inc............................. 89,862 5,350,383 Innospec, Inc...................................... 98,112 3,872,481 #* Intrepid Potash, Inc............................... 61,541 819,111 # Kaiser Aluminum Corp............................... 97,047 6,726,328 KapStone Paper and Packaging Corp.................. 500,280 14,943,364 KMG Chemicals, Inc................................. 36,063 754,438 * Kraton Performance Polymers, Inc................... 95,303 1,843,160 # Kronos Worldwide, Inc.............................. 41,541 466,505 #* Louisiana-Pacific Corp............................. 487,752 7,984,500 #* LSB Industries, Inc................................ 80,309 2,508,853 Materion Corp...................................... 100,067 3,297,208 #* McEwen Mining, Inc................................. 397,880 497,350 MeadWestvaco Corp.................................. 614,336 30,888,814 * Mercer International, Inc.......................... 231,622 2,936,967 Minerals Technologies, Inc......................... 149,805 9,786,761 # Myers Industries, Inc.............................. 190,557 3,172,774 Neenah Paper, Inc.................................. 77,193 4,429,334 Noranda Aluminum Holding Corp...................... 138,080 418,382 * Northern Technologies International Corp........... 6,549 133,829 # Olin Corp.......................................... 330,886 8,295,312 # Olympic Steel, Inc................................. 56,163 769,995 OM Group, Inc...................................... 160,504 4,494,112 34 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) #* OMNOVA Solutions, Inc.............................. 60,207 $ 413,020 * Owens-Illinois, Inc................................ 149,880 3,499,698 * Penford Corp....................................... 52,958 996,670 PH Glatfelter Co................................... 240,760 5,506,181 Reliance Steel & Aluminum Co....................... 417,707 21,875,316 * Resolute Forest Products, Inc...................... 167,788 2,852,396 Rock-Tenn Co. Class A.............................. 434,562 28,203,074 # Royal Gold, Inc.................................... 13,753 996,542 * RTI International Metals, Inc...................... 173,122 3,860,621 # Schnitzer Steel Industries, Inc. Class A........... 147,214 2,484,972 # Schweitzer-Mauduit International, Inc.............. 99,367 3,861,402 Sensient Technologies Corp......................... 199,396 12,163,156 Sonoco Products Co................................. 300,284 13,272,553 Steel Dynamics, Inc................................ 1,029,643 17,545,117 Stepan Co.......................................... 10,961 420,902 #* Stillwater Mining Co............................... 375,507 5,133,181 SunCoke Energy, Inc................................ 289,087 4,365,214 Synalloy Corp...................................... 21,013 350,917 # TimkenSteel Corp................................... 104,733 2,827,791 * Trecora Resources.................................. 40,196 552,695 Tredegar Corp...................................... 25,937 554,792 # Tronox, Ltd. Class A............................... 171,253 3,620,288 United States Lime & Minerals, Inc................. 17,564 1,214,551 # United States Steel Corp........................... 530,021 12,953,713 #* Universal Stainless & Alloy Products, Inc.......... 35,038 780,997 # Walter Energy, Inc................................. 22,100 20,602 # Wausau Paper Corp.................................. 154,528 1,570,004 Westlake Chemical Corp............................. 40,786 2,337,446 Worthington Industries, Inc........................ 10,829 324,112 Zep, Inc........................................... 22,322 357,598 ------------ Total Materials......................................... 425,278,438 ------------ Other -- (0.0%) o* FRD Acquisition Co. Escrow Shares.................. 55,628 -- o#* Gerber Scientific, Inc. Escrow Shares.............. 137,957 -- ------------ Total Other............................................. -- ------------ Telecommunication Services -- (1.3%) * Alteva............................................. 10,169 74,234 # Atlantic Tele-Network, Inc......................... 33,494 2,225,006 #* Boingo Wireless, Inc............................... 101,538 857,996 # Consolidated Communications Holdings, Inc.......... 75,573 1,759,339 # Frontier Communications Corp....................... 3,424,970 22,998,674 * General Communication, Inc. Class A................ 259,590 3,810,781 #* Hawaiian Telcom Holdco, Inc........................ 8,643 224,977 # IDT Corp. Class B.................................. 55,057 1,176,018 Inteliquent, Inc................................... 169,874 2,857,281 #* Iridium Communications, Inc........................ 320,634 2,728,595 Lumos Networks Corp................................ 59,204 949,040 * ORBCOMM, Inc....................................... 209,780 1,166,377 * Premiere Global Services, Inc...................... 222,706 1,968,721 # Shenandoah Telecommunications Co................... 144,381 4,289,559 35 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Telecommunication Services -- (Continued) Spok Holdings, Inc............................. 96,088 $ 1,645,027 #* Straight Path Communications, Inc. Class B..... 28,787 552,135 Telephone & Data Systems, Inc.................. 432,162 10,047,766 #* United States Cellular Corp.................... 102,697 3,572,829 #* Vonage Holdings Corp........................... 834,180 3,503,556 Windstream Holdings, Inc....................... 2,447,604 19,458,452 -------------- Total Telecommunication Services..................... 85,866,363 -------------- Utilities -- (0.5%) # Consolidated Water Co., Ltd.................... 32,635 354,090 * Dynegy, Inc.................................... 175,263 4,788,185 Genie Energy, Ltd. Class B..................... 75,373 472,589 # Ormat Technologies, Inc........................ 119,483 3,196,170 UGI Corp....................................... 714,364 26,424,324 -------------- Total Utilities...................................... 35,235,358 -------------- TOTAL COMMON STOCKS.................................. 5,542,895,030 -------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights..... 200 -- o#* Eagle Bulk Shipping, Inc. Warrants 10/15/21.... 671 872 o* Furiex Pharmaceuticals Contingent Value Rights. 10,318 100,807 o* Ikanos Communications Rights 01/12/2015........ 49,085 -- o* Leap Wireless International, Inc. Contingent Value Rights................................. 270,907 682,686 o#* Magnum Hunter Resources Corp. Warrants 04/15/16 50,591 -- o* Providence Service Corp. (The) Rights 02/05/2015................................... 347 -- o* Southern Community Financial Corp. Contingent Value Rights................................. 34,147 31,610 -------------- TOTAL RIGHTS/WARRANTS................................ 815,975 -------------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional Liquid Reserves, 0.089%....................................... 5,084,116 5,084,116 -------------- SECURITIES LENDING COLLATERAL -- (15.7%) (S)@ DFA Short Term Investment Fund................. 89,594,258 1,036,605,559 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,390,469,477)^^............................. $6,585,400,680 ============== 36 U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- -------------- ------- -------------- Common Stocks Consumer Discretionary........ $ 812,505,791 -- -- $ 812,505,791 Consumer Staples....... 168,845,222 -- -- 168,845,222 Energy................. 372,609,176 -- -- 372,609,176 Financials............. 1,457,960,000 -- -- 1,457,960,000 Health Care............ 380,322,655 -- -- 380,322,655 Industrials............ 1,001,406,360 -- -- 1,001,406,360 Information Technology........... 802,865,667 -- -- 802,865,667 Materials.............. 425,278,438 -- -- 425,278,438 Other.................. -- -- -- -- Telecommunication Services............. 85,866,363 -- -- 85,866,363 Utilities.............. 35,235,358 -- -- 35,235,358 Rights/Warrants........... -- $ 815,975 -- 815,975 Temporary Cash Investments 5,084,116 -- -- 5,084,116 Securities Lending Collateral.............. -- 1,036,605,559 -- 1,036,605,559 -------------- -------------- -- -------------- TOTAL..................... $5,547,979,146 $1,037,421,534 -- $6,585,400,680 ============== ============== == ============== 37 U.S. SMALL CAP VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ----------- COMMON STOCKS -- (85.6%) Consumer Discretionary -- (13.2%) * 1-800-Flowers.com, Inc. Class A.................... 217,342 $ 1,714,828 Aaron's, Inc....................................... 1,224,481 38,767,068 # Abercrombie & Fitch Co. Class A.................... 1,762,181 44,970,859 AH Belo Corp. Class A.............................. 278,165 2,509,048 #* Ambassadors Group, Inc............................. 21,598 54,427 AMCON Distributing Co.............................. 3,567 289,819 # American Eagle Outfitters, Inc..................... 871,467 12,235,397 * Ascena Retail Group, Inc........................... 1,573,290 18,187,232 #* Ascent Capital Group, Inc. Class A................. 125,898 5,326,744 * Ballantyne Strong, Inc............................. 315,943 1,292,207 #* Barnes & Noble, Inc................................ 1,975,784 46,411,166 Bassett Furniture Industries, Inc.................. 200,365 4,452,110 Beasley Broadcast Group, Inc. Class A.............. 75,568 394,465 # bebe stores, Inc................................... 12,255 43,873 * Belmond, Ltd. Class A.............................. 2,932,668 32,230,021 Big 5 Sporting Goods Corp.......................... 128,580 1,531,388 * Biglari Holdings, Inc.............................. 31,733 13,136,510 #* BJ's Restaurants, Inc.............................. 33,564 1,486,550 #* Black Diamond, Inc................................. 235,559 1,498,155 #* Books-A-Million, Inc............................... 322,657 813,096 #* Boyd Gaming Corp................................... 307,218 4,012,267 * Bridgepoint Education, Inc......................... 122,181 1,205,926 Brown Shoe Co., Inc................................ 380,735 10,809,067 #* Build-A-Bear Workshop, Inc......................... 509,189 10,499,477 # Callaway Golf Co................................... 2,262,059 18,458,401 #* Cambium Learning Group, Inc........................ 218,576 548,626 * Canterbury Park Holding Corp....................... 16,406 164,880 #* Career Education Corp.............................. 123,903 691,379 # Carriage Services, Inc............................. 376,076 8,198,457 * Carrols Restaurant Group, Inc...................... 7,357 58,562 * Cavco Industries, Inc.............................. 7,282 535,300 * Century Casinos, Inc............................... 2,479 13,610 #* Charles & Colvard, Ltd............................. 19,136 34,445 # Children's Place, Inc. (The)....................... 429,574 25,752,961 * Christopher & Banks Corp........................... 265,923 1,385,459 Churchill Downs, Inc............................... 2,204 209,358 * Cinedigm Corp...................................... 205,377 306,012 * Citi Trends, Inc................................... 101,592 2,325,441 * Coast Distribution System, Inc. (The).............. 92,516 320,105 Collectors Universe, Inc........................... 16,209 380,912 #* Conn's, Inc........................................ 306,087 4,817,809 Cooper Tire & Rubber Co............................ 213,791 7,437,789 #* Cooper-Standard Holding, Inc....................... 11,745 613,676 Core-Mark Holding Co., Inc......................... 579,934 38,669,999 * Crocs, Inc......................................... 307,141 3,255,695 * Crown Media Holdings, Inc. Class A................. 143,413 458,922 CSS Industries, Inc................................ 259,352 7,054,374 Culp, Inc.......................................... 26,354 529,452 #* Cumulus Media, Inc. Class A........................ 1,819,286 6,331,115 #* Delta Apparel, Inc................................. 188,208 1,740,924 # Destination Maternity Corp......................... 140,170 2,146,003 38 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) #* Destination XL Group, Inc.......................... 34,779 $ 176,677 DeVry Education Group, Inc......................... 1,238,820 52,538,356 #* Dixie Group, Inc. (The)............................ 312,543 2,525,347 #* Dorman Products, Inc............................... 104,786 4,791,864 * Dover Downs Gaming & Entertainment, Inc............ 10,151 9,112 Dover Motorsports, Inc............................. 319,398 843,211 Educational Development Corp....................... 1,000 4,130 * Eldorado Resorts, Inc.............................. 217,274 861,491 Emerson Radio Corp................................. 156,037 162,278 * Emmis Communications Corp. Class A................. 353,768 711,074 #* Entercom Communications Corp. Class A.............. 100,618 1,164,150 # Escalade, Inc...................................... 8,076 123,078 # Ethan Allen Interiors, Inc......................... 7,521 204,722 * EVINE Live, Inc.................................... 3,840 24,077 #* EW Scripps Co. (The) Class A....................... 1,289,837 25,448,484 * Federal-Mogul Holdings Corp........................ 486,869 6,587,338 Flanigan's Enterprises, Inc........................ 4,740 181,305 Flexsteel Industries, Inc.......................... 199,745 5,952,401 # Fred's, Inc. Class A............................... 1,094,102 18,162,093 Frisch's Restaurants, Inc.......................... 49,454 1,369,876 #* FTD Cos., Inc...................................... 404,524 13,854,947 #* Fuel Systems Solutions, Inc........................ 93,370 1,002,794 * Full House Resorts, Inc............................ 12,132 16,621 #* Gaiam, Inc. Class A................................ 92,238 675,182 #* Gaming Partners International Corp................. 44,581 369,576 #* Geeknet, Inc....................................... 60,724 476,076 * Genesco, Inc....................................... 9,579 684,420 #* Gray Television, Inc............................... 1,443,365 13,654,233 * Gray Television, Inc. Class A...................... 23,767 178,253 Group 1 Automotive, Inc............................ 771,590 62,028,120 Guess?, Inc........................................ 547,118 10,274,876 Harte-Hanks, Inc................................... 460,455 3,347,508 Haverty Furniture Cos., Inc........................ 544,289 13,296,980 Haverty Furniture Cos., Inc. Class A............... 5,701 141,556 * Helen of Troy, Ltd................................. 842,455 63,369,465 #* hhgregg, Inc....................................... 51,621 283,399 #* Hollywood Media Corp............................... 54,581 42,027 Hooker Furniture Corp.............................. 267,480 4,825,339 #* Iconix Brand Group, Inc............................ 1,920,147 63,825,686 # International Speedway Corp. Class A............... 127,408 3,706,299 * Isle of Capri Casinos, Inc......................... 484,837 4,964,731 * Jaclyn, Inc........................................ 40,909 206,590 #* JAKKS Pacific, Inc................................. 692,157 4,166,785 Johnson Outdoors, Inc. Class A..................... 207,794 6,233,820 * Journal Communications, Inc. Class A............... 736,358 7,400,398 * K12, Inc........................................... 217,324 3,090,347 #* Kona Grill, Inc.................................... 55,876 1,313,086 La-Z-Boy, Inc...................................... 137,310 3,664,804 #* Lakeland Industries, Inc........................... 141,538 1,203,073 #* LeapFrog Enterprises, Inc.......................... 306,356 729,127 #* Lee Enterprises, Inc............................... 69,744 205,745 Libbey, Inc........................................ 337,773 11,048,555 * Liberty Broadband Corp............................. 88 3,907 39 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Liberty Media Corp. Class B........................ 1,761 $ 69,824 * Liberty Ventures Series A.......................... 125,342 4,681,524 #* Life Time Fitness, Inc............................. 704,553 38,517,913 # Lifetime Brands, Inc............................... 362,032 5,712,865 Lincoln Educational Services Corp.................. 29,808 77,501 # Lithia Motors, Inc. Class A........................ 53,506 4,531,958 * Live Nation Entertainment, Inc..................... 2,046,391 48,642,714 * Loral Space & Communications, Inc.................. 85,905 6,177,429 * Luby's, Inc........................................ 481,887 2,351,609 #* M/I Homes, Inc..................................... 491,515 10,144,870 Marcus Corp. (The)................................. 562,220 10,603,469 #* MarineMax, Inc..................................... 635,399 16,209,028 Marriott Vacations Worldwide Corp.................. 755,034 57,760,101 #* McClatchy Co. (The) Class A........................ 1,269,710 3,186,972 McRae Industries, Inc. Class A..................... 24,573 758,691 # MDC Holdings, Inc.................................. 1,266,019 31,650,475 #* Media General, Inc................................. 211,026 3,017,672 # Men's Wearhouse, Inc. (The)........................ 39,170 1,820,230 # Meredith Corp...................................... 249,348 12,981,057 * Meritage Homes Corp................................ 458,042 16,677,309 * Modine Manufacturing Co............................ 197,274 2,404,770 * Monarch Casino & Resort, Inc....................... 12,058 208,603 * Motorcar Parts of America, Inc..................... 81,809 2,136,851 Movado Group, Inc.................................. 468,530 11,258,776 # NACCO Industries, Inc. Class A..................... 154,865 8,525,318 National CineMedia, Inc............................ 24,440 351,936 * Nautilus, Inc...................................... 23,985 341,546 #* Nevada Gold & Casinos, Inc......................... 130,600 159,332 * New York & Co., Inc................................ 175,555 403,776 * Nobility Homes, Inc................................ 3,827 35,974 * Office Depot, Inc.................................. 2,246,234 17,071,378 * P&F Industries, Inc. Class A....................... 24,537 186,481 #* Pacific Sunwear of California, Inc................. 1,341,118 3,688,074 #* Penn National Gaming, Inc.......................... 265,192 3,969,924 Penske Automotive Group, Inc....................... 1,250,616 60,467,284 #* Pep Boys-Manny, Moe & Jack (The)................... 1,509,970 12,729,047 * Perfumania Holdings, Inc........................... 89,183 503,438 * Perry Ellis International, Inc..................... 465,385 11,127,355 #* Pinnacle Entertainment, Inc........................ 1,763 37,287 * QEP Co., Inc....................................... 42,217 751,463 #* Quiksilver, Inc.................................... 1,911,680 3,574,842 #* Radio One, Inc. Class D............................ 623,107 1,171,441 #* RCI Hospitality Holdings, Inc...................... 281,723 2,746,799 #* Reading International, Inc. Class A................ 168,095 2,032,269 * Red Lion Hotels Corp............................... 529,902 3,401,971 * Regis Corp......................................... 1,860,230 29,298,622 Remy International, Inc............................ 65,843 1,400,481 # Rent-A-Center, Inc................................. 1,917,613 65,735,774 Rocky Brands, Inc.................................. 144,071 1,975,213 #* Ruby Tuesday, Inc.................................. 1,798,630 10,827,753 # Ryland Group, Inc. (The)........................... 426,676 17,131,041 # Saga Communications, Inc. Class A.................. 155,524 6,325,161 # Salem Communications Corp. Class A................. 117,949 822,105 40 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) # Scholastic Corp.................................. 1,407,493 $ 51,767,593 #* Shiloh Industries, Inc........................... 196,352 2,401,385 Shoe Carnival, Inc............................... 578,884 13,441,686 * Sizmek, Inc...................................... 331,932 1,978,315 #* Skechers U.S.A., Inc. Class A.................... 1,112,293 67,126,883 * Skullcandy, Inc.................................. 349,256 3,499,545 #* Skyline Corp..................................... 1,465 5,494 Sonic Automotive, Inc. Class A................... 138,874 3,420,467 * Spanish Broadcasting System, Inc. Class A........ 8,699 23,052 Spartan Motors, Inc.............................. 689,830 3,594,014 # Speedway Motorsports, Inc........................ 928,743 20,701,681 # Stage Stores, Inc................................ 1,130,384 22,607,680 # Standard Motor Products, Inc..................... 262,006 9,552,739 #* Standard Pacific Corp............................ 1,980,682 13,904,388 * Stanley Furniture Co., Inc....................... 93,359 276,343 * Starz Class B.................................... 2,327 69,252 Stein Mart, Inc.................................. 18,239 250,969 * Steiner Leisure, Ltd............................. 20,600 898,572 #* Stoneridge, Inc.................................. 165,611 2,090,011 # Strattec Security Corp........................... 48,598 3,061,674 # Superior Industries International, Inc........... 773,222 14,111,301 # Superior Uniform Group, Inc...................... 144,642 5,489,164 Sypris Solutions, Inc............................ 278,004 665,820 #* Systemax, Inc.................................... 32,865 429,546 #* Tilly's, Inc. Class A............................ 5,094 69,992 # Time, Inc........................................ 371,028 9,290,541 Trans World Entertainment Corp................... 641,067 2,224,502 #* TRI Pointe Homes, Inc............................ 117,357 1,681,726 #* Tuesday Morning Corp............................. 1,245,729 22,049,403 #* Unifi, Inc....................................... 441,743 14,237,377 * Universal Electronics, Inc....................... 33,659 2,145,425 Universal Technical Institute, Inc............... 20,366 166,390 #* VOXX International Corp.......................... 483,244 3,865,952 # Wendy's Co. (The)................................ 5,376,970 56,673,264 * West Marine, Inc................................. 619,967 7,439,604 # Weyco Group, Inc................................. 1,700 45,934 * William Lyon Homes Class A....................... 54,377 1,037,513 * Zagg, Inc........................................ 315,846 1,904,551 -------------- Total Consumer Discretionary......................... 1,731,011,799 -------------- Consumer Staples -- (3.0%) * Alliance One International, Inc.................. 1,647,565 1,729,943 Andersons, Inc. (The)............................ 255,926 11,511,552 #* Boulder Brands, Inc.............................. 583,198 5,849,476 * Bridgford Foods Corp............................. 37,720 303,457 #* CCA Industries, Inc.............................. 32,097 112,340 * Central Garden and Pet Co........................ 326,525 2,759,136 #* Central Garden and Pet Co. Class A............... 1,009,588 9,187,251 #* Craft Brew Alliance, Inc......................... 257,662 3,066,178 * Cuisine Solutions, Inc........................... 151,918 448,918 #* Darling Ingredients, Inc......................... 531,390 9,023,002 # Dean Foods Co.................................... 1,263,687 22,898,008 #* Farmer Bros. Co.................................. 8,220 245,860 41 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) # Fresh Del Monte Produce, Inc....................... 1,770,103 $ 59,528,564 # Ingles Markets, Inc. Class A....................... 269,408 11,490,251 John B. Sanfilippo & Son, Inc...................... 214,706 7,830,328 #* Landec Corp........................................ 695,628 8,883,170 * Mannatech, Inc..................................... 3,084 57,671 MGP Ingredients, Inc............................... 292,877 4,645,029 * Natural Alternatives International, Inc............ 94,109 500,660 #* Nutraceutical International Corp................... 62,903 1,229,125 # Oil-Dri Corp. of America........................... 73,605 2,253,785 * Omega Protein Corp................................. 619,152 6,525,862 # Orchids Paper Products Co.......................... 2,641 72,020 #* Pantry, Inc. (The)................................. 597,421 22,044,835 #* Post Holdings, Inc................................. 923,435 43,632,304 * Reliv International, Inc........................... 12,603 15,250 * Revlon, Inc. Class A............................... 33,302 1,090,307 #* Roundy's, Inc...................................... 8,757 31,525 * Seaboard Corp...................................... 18,588 71,098,914 #* Seneca Foods Corp. Class A......................... 98,740 2,555,391 * Seneca Foods Corp. Class B......................... 24,265 855,463 # Snyder's-Lance, Inc................................ 134,636 3,916,561 SpartanNash Co..................................... 985,937 25,397,737 Spectrum Brands Holdings, Inc...................... 117,688 10,554,260 #* TreeHouse Foods, Inc............................... 106,663 9,674,334 # Universal Corp..................................... 845,882 33,970,621 # Weis Markets, Inc.................................. 19,528 894,968 ------------ Total Consumer Staples................................. 395,884,056 ------------ Energy -- (6.5%) # Adams Resources & Energy, Inc...................... 108,293 6,285,326 # Alon USA Energy, Inc............................... 1,792,359 21,651,697 #* Alpha Natural Resources, Inc....................... 4,001,030 4,161,071 #* Approach Resources, Inc............................ 23,097 144,818 # Atwood Oceanics, Inc............................... 297,171 8,493,147 * Barnwell Industries, Inc........................... 142,853 410,702 #* Basic Energy Services, Inc......................... 935,700 5,501,916 # Bristow Group, Inc................................. 1,363,054 75,935,738 #* C&J Energy Services, Inc........................... 302,193 3,112,588 #* Callon Petroleum Co................................ 1,001,781 5,459,706 #* Clayton Williams Energy, Inc....................... 3,954 221,029 #* Cloud Peak Energy, Inc............................. 1,434,523 9,740,411 # Comstock Resources, Inc............................ 1,579,419 6,380,853 * Contango Oil & Gas Co.............................. 439,650 13,220,275 CVR Energy, Inc.................................... 17,562 672,976 # Dawson Geophysical Co.............................. 200,401 2,162,327 Delek US Holdings, Inc............................. 1,911,323 58,964,315 # DHT Holdings, Inc.................................. 470,627 3,459,108 #* Emerald Oil, Inc................................... 27,559 22,681 # Energy XXI, Ltd.................................... 1,320,781 3,883,096 * Era Group, Inc..................................... 532,338 11,988,252 * Escalera Resources Co.............................. 12,097 5,334 Evolution Petroleum Corp........................... 17,477 128,456 Exterran Holdings, Inc............................. 2,563,200 69,488,352 #* Forbes Energy Services, Ltd........................ 1,755 1,691 42 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Energy -- (Continued) * Forum Energy Technologies, Inc..................... 96,857 $ 1,496,441 # GasLog, Ltd........................................ 45,637 798,191 * Gastar Exploration, Inc............................ 99,227 232,191 # Green Plains, Inc.................................. 1,158,135 27,111,940 # Gulf Island Fabrication, Inc....................... 280,182 4,642,616 # Gulfmark Offshore, Inc. Class A.................... 870,027 17,165,633 #* Halcon Resources Corp.............................. 221,233 309,726 # Hallador Energy Co................................. 3,252 36,878 #* Harvest Natural Resources, Inc..................... 1,050,754 659,138 * Helix Energy Solutions Group, Inc.................. 3,948,965 74,122,073 #* Hercules Offshore, Inc............................. 5,192,933 3,738,912 #* Hornbeck Offshore Services, Inc.................... 1,367,870 30,366,714 #* ION Geophysical Corp............................... 299,233 673,274 * Key Energy Services, Inc........................... 4,014,424 6,744,232 #* Matador Resources Co............................... 46,524 1,003,057 #* McDermott International, Inc....................... 3,519,447 7,918,756 * Mexco Energy Corp.................................. 733 3,397 #* Midstates Petroleum Co., Inc....................... 15,989 20,626 #* Mitcham Industries, Inc............................ 212,817 1,193,903 * Natural Gas Services Group, Inc.................... 312,676 6,312,928 #* Newpark Resources, Inc............................. 2,063,169 17,825,780 #* Northern Oil and Gas, Inc.......................... 1,441,460 9,052,369 * Oil States International, Inc...................... 86,048 3,533,991 #* Overseas Shipholding Group, Inc.................... 776,519 3,960,247 #* Pacific Drilling SA................................ 375,919 1,251,810 #* Parker Drilling Co................................. 3,565,791 9,663,294 PBF Energy, Inc. Class A........................... 783,027 22,003,059 #* PDC Energy, Inc.................................... 650,701 29,893,204 #* Penn Virginia Corp................................. 2,226,895 10,867,248 #* PHI, Inc. Non-Voting............................... 317,204 10,851,549 * PHI, Inc. Voting................................... 1,686 57,796 * Pioneer Energy Services Corp....................... 1,907,098 7,895,386 #* Renewable Energy Group, Inc........................ 887,475 7,756,532 #* REX American Resources Corp........................ 234,850 13,036,524 #* Rex Energy Corp.................................... 226,737 802,649 #* Rosetta Resources, Inc............................. 351,838 6,005,875 Rowan Cos. P.L.C. Class A.......................... 603,977 12,755,994 #* SandRidge Energy, Inc.............................. 455,669 642,493 # Scorpio Tankers, Inc............................... 1,092,426 8,597,393 #* SEACOR Holdings, Inc............................... 639,222 45,992,023 # Ship Finance International, Ltd.................... 295,576 4,105,551 #* Steel Excel, Inc................................... 421,014 10,079,075 #* Stone Energy Corp.................................. 1,185,752 16,695,388 Superior Energy Services, Inc...................... 915,588 18,311,760 #* Swift Energy Co.................................... 867,842 1,848,503 Teekay Tankers, Ltd. Class A....................... 15,505 79,696 # Tesco Corp......................................... 698,735 7,155,046 #* TETRA Technologies, Inc............................ 1,531,462 7,565,422 #* TGC Industries, Inc................................ 92,704 185,408 # Tidewater, Inc..................................... 533,321 15,604,972 #* Triangle Petroleum Corp............................ 1,631,811 8,567,008 #* Unit Corp.......................................... 379,169 11,291,653 #* US Energy Corp. Wyoming............................ 10,022 14,331 43 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) * Vaalco Energy, Inc................................. 728,388 $ 4,035,270 # W&T Offshore, Inc.................................. 931,769 4,714,751 #* Warren Resources, Inc.............................. 927,466 973,839 Western Refining, Inc.............................. 426,538 15,837,356 * Westmoreland Coal Co............................... 68,170 1,777,874 #* Willbros Group, Inc................................ 171,061 954,520 # World Fuel Services Corp........................... 31,745 1,554,553 ------------ Total Energy........................................... 849,843,683 ------------ Financials -- (22.7%) * 1st Constitution Bancorp........................... 17,947 197,417 # 1st Source Corp.................................... 597,030 17,749,702 #* A-Mark Precious Metals, Inc........................ 78,247 817,681 # Access National Corp............................... 38,671 690,664 # Alexander & Baldwin, Inc........................... 525,844 20,118,791 Alliance Bancorp, Inc. of Pennsylvania............. 2,078 36,282 #* Altisource Asset Management Corp................... 18,447 2,951,520 * Ambac Financial Group, Inc......................... 181,299 4,432,761 Ameriana Bancorp................................... 34,757 605,641 American Equity Investment Life Holding Co......... 2,369,998 60,458,649 * American Independence Corp......................... 8,517 94,454 # American National Bankshares, Inc.................. 1,200 25,824 American National Insurance Co..................... 6,017 626,009 * American River Bankshares.......................... 142,147 1,404,412 Ameris Bancorp..................................... 200,892 4,847,524 # AmeriServ Financial, Inc........................... 323,958 968,634 Argo Group International Holdings, Ltd............. 1,019,162 54,514,975 Aspen Insurance Holdings, Ltd...................... 1,480,878 64,151,635 # Associated Banc-Corp............................... 2,109,798 35,465,704 * Asta Funding, Inc.................................. 222,408 1,888,244 Astoria Financial Corp............................. 2,580,748 31,562,548 Atlantic American Corp............................. 238,675 952,313 #* Atlantic Coast Financial Corp...................... 14,593 56,621 #* Atlanticus Holdings Corp........................... 262,883 672,980 #* AV Homes, Inc...................................... 230,285 3,451,972 # Baldwin & Lyons, Inc. Class A...................... 3,124 73,883 Baldwin & Lyons, Inc. Class B...................... 368,143 8,504,103 # Banc of California, Inc............................ 122,736 1,258,044 # Bancorp of New Jersey, Inc......................... 400 4,320 #* Bancorp, Inc. (The)................................ 275,028 2,343,239 BancorpSouth, Inc.................................. 199,778 3,965,593 Bank Mutual Corp................................... 278,472 1,773,867 Bank of Commerce Holdings.......................... 15,477 88,219 # BankFinancial Corp................................. 524,139 5,928,012 BankUnited, Inc.................................... 23,894 660,908 Banner Corp........................................ 94,855 3,830,245 Bar Harbor Bankshares.............................. 795 24,407 BBCN Bancorp, Inc.................................. 142,583 1,846,450 #* BBX Capital Corp. Class A.......................... 266,322 3,765,793 BCB Bancorp, Inc................................... 25,972 301,535 #* Bear State Financial, Inc.......................... 115,425 1,248,898 #* Beneficial Bancorp, Inc............................ 7,781 83,957 Berkshire Bancorp, Inc............................. 4,650 39,990 44 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Berkshire Hills Bancorp, Inc....................... 609,152 $ 15,167,885 * BNCCORP, Inc....................................... 29,762 467,263 # Boston Private Financial Holdings, Inc............. 337,789 3,715,679 * Bridge Capital Holdings............................ 25,372 554,378 # Brookline Bancorp, Inc............................. 1,310,109 12,577,046 C&F Financial Corp................................. 14,960 527,938 Calamos Asset Management, Inc. Class A............. 167,512 2,102,276 California First National Bancorp.................. 142,816 1,970,861 # Camden National Corp............................... 2,689 99,923 # Cape Bancorp, Inc.................................. 36,671 316,471 * Capital Bank Financial Corp. Class A............... 117,807 2,876,847 # Capital City Bank Group, Inc....................... 63,602 954,030 # Capitol Federal Financial, Inc..................... 2,191,134 27,301,530 #* Carolina Bank Holdings, Inc........................ 4,214 41,297 * Cascade Bancorp.................................... 348,121 1,608,319 # Cash America International, Inc.................... 544,898 11,333,878 Cathay General Bancorp............................. 1,157,283 27,647,491 # Centerstate Banks, Inc............................. 67,185 739,707 # Central Pacific Financial Corp..................... 129,570 2,718,379 # Century Bancorp, Inc. Class A...................... 19,731 765,168 Chemical Financial Corp............................ 690,102 19,571,293 # Chicopee Bancorp, Inc.............................. 38,643 636,064 Citizens Community Bancorp, Inc.................... 42,530 387,661 * Citizens First Corp................................ 5,422 67,612 #* Citizens, Inc...................................... 4,630 33,429 # Clifton Bancorp, Inc............................... 40,021 530,678 CNO Financial Group, Inc........................... 8,460,765 131,311,073 # CoBiz Financial, Inc............................... 40,129 437,406 Codorus Valley Bancorp, Inc........................ 17,523 351,687 * Colonial Financial Services, Inc................... 4,224 55,989 * Colony Bankcorp, Inc............................... 12,037 89,796 Columbia Banking System, Inc....................... 395,601 10,060,133 Community Bank Shares of Indiana, Inc.............. 2,455 66,334 * Community Bankers Trust Corp....................... 300 1,308 Community Trust Bancorp, Inc....................... 392 12,379 # Community West Bancshares.......................... 23,717 160,090 * CommunityOne Bancorp............................... 98 956 ConnectOne Bancorp, Inc............................ 4,083 75,127 * Consumer Portfolio Services, Inc................... 323,396 1,811,018 #* Cowen Group, Inc. Class A.......................... 1,408,515 5,859,422 #* Customers Bancorp, Inc............................. 45,973 903,369 Dime Community Bancshares, Inc..................... 110,480 1,630,685 Donegal Group, Inc. Class A........................ 491,740 7,862,923 Donegal Group, Inc. Class B........................ 54,693 1,275,714 Eagle Bancorp Montana, Inc......................... 1,125 12,308 * Eastern Virginia Bankshares, Inc................... 22,219 138,869 # EMC Insurance Group, Inc........................... 293,400 9,465,084 Employers Holdings, Inc............................ 51,091 1,062,693 Endurance Specialty Holdings, Ltd.................. 1,489,861 91,060,304 * Enova International, Inc........................... 411,228 7,916,139 * Enstar Group, Ltd.................................. 6,031 814,004 # Enterprise Bancorp, Inc............................ 4,006 81,923 # Enterprise Financial Services Corp................. 94,926 1,814,036 45 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # ESB Financial Corp................................. 44,352 $ 741,122 ESSA Bancorp, Inc.................................. 176,522 2,144,742 Evans Bancorp, Inc................................. 5,783 136,768 #* Ezcorp, Inc. Class A............................... 584,772 6,028,999 * Farmers Capital Bank Corp.......................... 57,164 1,277,044 # FBL Financial Group, Inc. Class A.................. 791,367 41,301,444 # Federal Agricultural Mortgage Corp. Class A........ 3,592 81,718 Federal Agricultural Mortgage Corp. Class C........ 259,040 7,136,552 Federated National Holding Co...................... 136,644 3,977,707 Fidelity Southern Corp............................. 51,209 782,986 Financial Institutions, Inc........................ 191,216 4,212,488 * First Acceptance Corp.............................. 865,637 2,016,934 # First American Financial Corp...................... 2,056,410 69,959,068 o First Bancorp of Indiana, Inc...................... 5,430 83,486 # First Bancorp, Inc................................. 658 10,910 * First BanCorp.(318672706).......................... 1,090,241 5,985,423 # First Bancorp.(318910106).......................... 98,840 1,640,744 #* First Bancshares, Inc.............................. 22,105 155,619 First Bancshares, Inc. (The)....................... 2,580 35,991 # First Business Financial Services, Inc............. 23,772 1,040,500 First Citizens BancShares, Inc. Class A............ 23,645 5,770,562 # First Commonwealth Financial Corp.................. 2,413,647 19,043,675 First Community Bancshares, Inc.................... 101,406 1,591,060 # First Connecticut Bancorp Inc/Farmington........... 14,145 208,639 First Defiance Financial Corp...................... 211,450 6,440,767 # First Federal of Northern Michigan Bancorp, Inc.... 31,310 182,537 # First Financial Corp............................... 168,474 5,460,242 # First Financial Northwest, Inc..................... 240,285 2,881,017 First Interstate Bancsystem, Inc................... 367,250 8,777,275 #* First Marblehead Corp. (The)....................... 3,618 21,021 First Merchants Corp............................... 893,142 19,506,221 First Midwest Bancorp, Inc......................... 1,544,629 23,787,287 First Niagara Financial Group, Inc................. 1,073,928 8,720,295 o* First Place Financial Corp......................... 203,821 15 First South Bancorp, Inc........................... 8,902 70,771 * First United Corp.................................. 70,785 600,965 # First West Virginia Bancorp........................ 9,474 207,765 # FirstMerit Corp.................................... 654,781 10,728,587 * Flagstar Bancorp, Inc.............................. 227,358 3,230,757 Flushing Financial Corp............................ 413,218 7,479,246 # FNB Corp........................................... 2,085,552 25,026,624 #* Forestar Group, Inc................................ 264,377 3,508,283 Fox Chase Bancorp, Inc............................. 43,272 702,737 #* FRP Holdings, Inc.................................. 7,369 266,758 Fulton Financial Corp.............................. 4,008,089 44,690,192 * GAINSCO, Inc....................................... 100 1,042 GFI Group, Inc..................................... 209,199 1,173,606 #* Global Indemnity P.L.C............................. 258,588 6,785,349 # Great Southern Bancorp, Inc........................ 4,777 172,545 #* Greenlight Capital Re, Ltd. Class A................ 197,519 6,204,072 # Griffin Land & Nurseries, Inc...................... 20,082 595,230 # Guaranty Bancorp................................... 110,544 1,479,079 Guaranty Federal Bancshares, Inc................... 32,452 478,667 46 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) * Hallmark Financial Services, Inc................... 449,142 $ 4,958,528 Hampden Bancorp, Inc............................... 9,957 200,036 Hancock Holding Co................................. 497,462 12,988,733 # Hanover Insurance Group, Inc. (The)................ 1,226,045 84,597,105 Harleysville Savings Financial Corp................ 14,292 254,398 Hawthorn Bancshares, Inc........................... 29,321 417,238 Heartland Financial USA, Inc....................... 11,932 329,562 Heritage Commerce Corp............................. 224,972 1,880,766 # Heritage Financial Corp............................ 80,897 1,255,521 Heritage Financial Group, Inc...................... 11,730 281,168 HF Financial Corp.................................. 127,909 1,843,169 * Hilltop Holdings, Inc.............................. 1,351,965 24,538,165 Hingham Institution for Savings.................... 1,857 163,416 * HMN Financial, Inc................................. 102,799 1,258,260 Home Bancorp, Inc.................................. 6,475 141,673 # HomeStreet, Inc.................................... 41,015 724,325 * HomeTrust Bancshares, Inc.......................... 45,458 702,326 HopFed Bancorp, Inc................................ 72,033 951,556 Horace Mann Educators Corp......................... 978,024 29,800,391 # Horizon Bancorp.................................... 20,753 464,452 Iberiabank Corp.................................... 365,135 19,940,022 #* Imperial Holdings, Inc............................. 71,283 423,421 # Independence Holding Co............................ 283,929 3,608,738 Independent Bank Corp.............................. 44,809 551,151 Independent Bank Group, Inc........................ 1,103 34,425 Infinity Property & Casualty Corp.................. 466,507 32,781,447 International Bancshares Corp...................... 901,498 20,292,720 Intervest Bancshares Corp. Class A................. 174,269 1,716,550 #* INTL. FCStone, Inc................................. 37,372 720,532 * Investment Technology Group, Inc................... 259,592 5,386,534 Investors Title Co................................. 43,302 3,106,485 * Jacksonville Bancorp, Inc.......................... 625 6,788 # Janus Capital Group, Inc........................... 2,759,995 48,410,312 # JMP Group, Inc..................................... 81,022 618,198 * KCG Holdings, Inc. Class A......................... 424,892 5,196,429 # Kemper Corp........................................ 1,723,259 60,158,972 Lake Shore Bancorp, Inc............................ 697 9,148 Lakeland Bancorp, Inc.............................. 220,345 2,377,523 Landmark Bancorp, Inc.............................. 26,876 564,396 #* LendingTree, Inc................................... 122,196 5,032,031 LNB Bancorp, Inc................................... 215,712 3,753,389 Louisiana Bancorp, Inc............................. 1,005 21,467 # Macatawa Bank Corp................................. 152,054 801,325 * Magyar Bancorp, Inc................................ 36,773 305,216 # Maiden Holdings, Ltd............................... 1,495,716 18,696,450 # MainSource Financial Group, Inc.................... 512,880 9,847,296 * Malvern Bancorp, Inc............................... 1,022 12,213 Marlin Business Services Corp...................... 347,056 5,570,249 #* Maui Land & Pineapple Co., Inc..................... 12,148 76,654 MB Financial, Inc.................................. 1,646,818 46,786,099 * MBIA, Inc.......................................... 7,087,903 56,844,982 * MBT Financial Corp................................. 358,206 1,837,597 # Meadowbrook Insurance Group, Inc................... 1,509,682 12,530,361 47 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Mercantile Bank Corp............................... 207,717 $ 3,946,623 Meta Financial Group, Inc.......................... 49,599 1,660,079 * Metro Bancorp, Inc................................. 399,610 10,174,071 Mid Penn Bancorp, Inc.............................. 4,664 72,292 MidSouth Bancorp, Inc.............................. 8,872 123,676 # MidWestOne Financial Group, Inc.................... 16,034 449,273 # Montpelier Re Holdings, Ltd........................ 1,977,273 69,461,600 * MSB Financial Corp................................. 3,087 32,630 MutualFirst Financial, Inc......................... 140,766 3,081,368 National Bank Holdings Corp. Class A............... 116,199 2,143,872 National Penn Bancshares, Inc...................... 1,223,406 11,867,038 # National Security Group, Inc. (The)................ 11,290 149,592 National Western Life Insurance Co. Class A........ 65,017 15,499,403 * Navigators Group, Inc. (The)....................... 465,338 34,537,386 # NBT Bancorp, Inc................................... 45,915 1,056,504 Nelnet, Inc. Class A............................... 463,519 20,274,321 # New Hampshire Thrift Bancshares, Inc............... 90,405 1,371,444 #* NewBridge Bancorp.................................. 250,514 1,964,030 #* NewStar Financial, Inc............................. 497,891 5,262,708 * Nicholas Financial, Inc............................ 28,293 402,609 Northeast Bancorp.................................. 13,957 125,473 Northeast Community Bancorp, Inc................... 10,981 76,208 # Northfield Bancorp, Inc............................ 457,157 6,583,061 # Northrim BanCorp, Inc.............................. 139,219 2,886,010 Northway Financial, Inc............................ 7,359 149,756 Northwest Bancshares, Inc.......................... 2,177,538 25,694,948 # Norwood Financial Corp............................. 504 15,090 # Ocean Shore Holding Co............................. 18,712 264,401 OceanFirst Financial Corp.......................... 1,400 22,680 OFG Bancorp........................................ 1,140,650 18,364,465 Old Line Bancshares, Inc........................... 39,695 573,196 Old National Bancorp............................... 1,381,328 18,523,608 #* Old Second Bancorp, Inc............................ 317,787 1,728,761 OneBeacon Insurance Group, Ltd. Class A............ 51,509 814,357 # Oppenheimer Holdings, Inc. Class A................. 80,964 1,599,039 Oritani Financial Corp............................. 48,689 687,002 Pacific Continental Corp........................... 51,036 645,095 * Pacific Mercantile Bancorp......................... 129,847 889,452 * Pacific Premier Bancorp, Inc....................... 120,927 1,796,975 # PacWest Bancorp.................................... 497,998 21,291,904 Park Sterling Corp................................. 736,130 4,932,071 #* Patriot National Bancorp, Inc...................... 76,824 132,137 Peapack Gladstone Financial Corp................... 3,540 63,118 Peoples Bancorp.................................... 14,576 353,468 Peoples Bancorp of North Carolina, Inc............. 32,318 582,694 # Peoples Bancorp, Inc............................... 292,654 6,687,144 #* PHH Corp........................................... 2,039,058 50,854,107 #* Phoenix Cos., Inc. (The)........................... 103,253 6,404,784 * PICO Holdings, Inc................................. 70,364 1,125,120 # Pinnacle Financial Partners, Inc................... 471,883 16,959,475 #* Piper Jaffray Cos.................................. 341,899 17,453,944 Platinum Underwriters Holdings, Ltd................ 978,955 72,276,248 * Popular, Inc....................................... 543,328 16,750,802 48 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Preferred Bank..................................... 35,862 $ 936,357 Premier Financial Bancorp, Inc..................... 154,104 2,285,362 PrivateBancorp, Inc................................ 298,613 9,059,918 ProAssurance Corp.................................. 266,470 11,823,274 Protective Life Corp............................... 106,626 7,458,489 Provident Financial Holdings, Inc.................. 194,169 3,013,503 Provident Financial Services, Inc.................. 2,303,055 39,981,035 Prudential Bancorp, Inc............................ 94 1,144 * PSB Holdings, Inc.................................. 2,619 19,747 # Pulaski Financial Corp............................. 233,961 2,784,136 QC Holdings, Inc................................... 1,979 3,354 QCR Holdings, Inc.................................. 2,479 43,630 #* Regional Management Corp........................... 42,012 610,434 # Renasant Corp...................................... 566,537 14,820,608 # Republic Bancorp, Inc. Class A..................... 17,452 397,731 #* Republic First Bancorp, Inc........................ 67,748 232,376 # Resource America, Inc. Class A..................... 464,603 4,083,860 * Riverview Bancorp, Inc............................. 460,438 2,025,927 * Royal Bancshares of Pennsylvania, Inc. Class A..... 16,564 29,815 # S&T Bancorp, Inc................................... 12,633 347,281 #* Safeguard Scientifics, Inc......................... 245,411 4,498,384 Safety Insurance Group, Inc........................ 424,003 26,266,986 # Salisbury Bancorp, Inc............................. 3,107 84,821 # Sandy Spring Bancorp, Inc.......................... 347,160 8,585,267 SB Financial Group, Inc............................ 33,863 325,423 * Security National Financial Corp. Class A.......... 13,630 80,962 * Select Bancorp, Inc................................ 40,342 289,252 Selective Insurance Group, Inc..................... 1,868,331 48,240,306 * Shore Bancshares, Inc.............................. 10,316 95,423 SI Financial Group, Inc............................ 8,587 94,543 * Siebert Financial Corp............................. 46,158 82,161 # Sierra Bancorp..................................... 218,146 3,455,433 # Simmons First National Corp. Class A............... 3,966 148,408 Simplicity Bancorp, Inc............................ 9,042 159,049 #* Southcoast Financial Corp.......................... 123,556 926,670 * Southern First Bancshares, Inc..................... 67,157 1,175,247 # Southern Missouri Bancorp, Inc..................... 200 7,400 # Southern National Bancorp of Virginia, Inc......... 5,903 65,818 Southside Bancshares, Inc.......................... 3,886 106,088 Southwest Bancorp, Inc............................. 391,311 5,971,406 Southwest Georgia Financial Corp................... 1,652 22,913 StanCorp Financial Group, Inc...................... 848,246 52,625,182 # State Auto Financial Corp.......................... 832,728 18,320,016 Sterling Bancorp................................... 1,291,722 17,024,896 Stewart Information Services Corp.................. 648,725 23,224,355 #* Stratus Properties, Inc............................ 122,308 1,648,712 Summit State Bank.................................. 8,558 114,763 #* Sun Bancorp, Inc................................... 118,365 2,166,079 Susquehanna Bancshares, Inc........................ 6,444,540 81,265,649 Sussex Bancorp..................................... 30,750 307,500 Symetra Financial Corp............................. 1,899,030 38,569,299 Synovus Financial Corp............................. 905,350 23,330,869 TCF Financial Corp................................. 152,187 2,237,149 49 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) # Territorial Bancorp, Inc......................... 19,505 $ 424,039 Timberland Bancorp, Inc.......................... 186,434 1,957,557 # Tompkins Financial Corp.......................... 89 4,563 # Towne Bank....................................... 127,900 1,855,829 #* Trinity Place Holdings, Inc...................... 366,813 2,751,097 #* TriState Capital Holdings, Inc................... 15,247 144,237 # Trustmark Corp................................... 541,166 11,559,306 # Umpqua Holdings Corp............................. 4,077,772 63,246,244 * Unico American Corp.............................. 145,800 1,728,459 # Union Bankshares Corp............................ 712,413 14,248,260 United Bancshares, Inc........................... 9,093 131,848 United Community Bancorp......................... 2,815 33,358 United Community Banks, Inc...................... 163,415 2,861,397 # United Community Financial Corp.................. 586,709 3,168,229 United Financial Bancorp, Inc.................... 354,994 4,416,125 United Fire Group, Inc........................... 861,095 24,058,994 * United Security Bancshares....................... 45,399 234,259 Unity Bancorp, Inc............................... 57,080 522,853 # Universal Insurance Holdings, Inc................ 182,764 4,245,608 # Univest Corp. of Pennsylvania.................... 34,590 640,607 # VSB Bancorp, Inc................................. 833 9,829 * Walker & Dunlop, Inc............................. 38,631 685,700 #* Walter Investment Management Corp................ 16,670 251,217 # Washington Federal, Inc.......................... 2,735,864 54,334,259 # Waterstone Financial, Inc........................ 184,130 2,334,768 Wayne Savings Bancshares, Inc.................... 22,033 292,158 Webster Financial Corp........................... 2,642,412 80,672,838 # WesBanco, Inc.................................... 750,420 22,647,676 # West Bancorporation, Inc......................... 67,256 1,100,308 Westfield Financial, Inc......................... 436,557 3,143,210 Wintrust Financial Corp.......................... 1,483,026 64,467,140 WSFS Financial Corp.............................. 7,780 574,631 WVS Financial Corp............................... 1,740 19,714 * Yadkin Financial Corp............................ 23,210 442,383 -------------- Total Financials..................................... 2,965,361,555 -------------- Health Care -- (5.0%) * Addus HomeCare Corp.............................. 23,468 520,520 #* Affymetrix, Inc.................................. 165,154 1,823,300 #* Albany Molecular Research, Inc................... 772,906 12,621,555 * Alere, Inc....................................... 991,185 40,331,318 #* Allied Healthcare Products, Inc.................. 206,631 322,344 #* Allscripts Healthcare Solutions, Inc............. 165,187 1,967,377 #* Almost Family, Inc............................... 80,190 2,434,568 * Alphatec Holdings, Inc........................... 194,191 248,564 #* Amedisys, Inc.................................... 520,988 14,681,442 * American Shared Hospital Services................ 87,469 219,547 * Amsurg Corp...................................... 660,817 36,463,882 * AngioDynamics, Inc............................... 862,420 16,597,273 #* Anika Therapeutics, Inc.......................... 60,789 2,381,713 * Arrhythmia Research Technology, Inc.............. 5,407 41,580 #* Bioanalytical Systems, Inc....................... 9,691 20,157 #* BioScrip, Inc.................................... 978,477 5,626,243 50 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) #* BioTelemetry, Inc.................................. 206,248 $ 2,037,730 #* Capital Senior Living Corp......................... 289,521 6,910,866 CONMED Corp........................................ 831,122 39,594,652 * Cross Country Healthcare, Inc...................... 934,176 9,556,620 CryoLife, Inc...................................... 386,565 4,352,722 #* Cumberland Pharmaceuticals, Inc.................... 32,125 186,646 #* Cutera, Inc........................................ 381,112 5,068,790 * Cynosure, Inc. Class A............................. 33,531 1,013,307 Daxor Corp......................................... 8,579 53,447 Digirad Corp....................................... 253,185 1,050,718 #* Emergent Biosolutions, Inc......................... 108,777 3,049,019 #* Endocyte, Inc...................................... 22,850 118,363 Ensign Group, Inc. (The)........................... 6,819 282,988 #* Enzo Biochem, Inc.................................. 497,886 1,568,341 * Exactech, Inc...................................... 24,289 504,968 * Five Star Quality Care, Inc........................ 1,059,549 3,687,231 * Genesis Healthcare, Inc............................ 50,778 421,457 * Gentiva Health Services, Inc....................... 498,385 9,678,637 * Greatbatch, Inc.................................... 593,371 28,814,096 * Halyard Health, Inc................................ 45,165 2,013,004 #* Hanger, Inc........................................ 151,388 3,266,953 #* Harvard Apparatus Regenerative Technology, Inc..... 43,963 142,880 * Harvard Bioscience, Inc............................ 190,105 990,447 * Health Net, Inc.................................... 711,470 38,540,330 #* Healthways, Inc.................................... 425,058 8,764,696 * ICU Medical, Inc................................... 5,994 500,979 #* InfuSystems Holdings, Inc.......................... 2,117 5,843 # Invacare Corp...................................... 655,406 9,601,698 #* Iridex Corp........................................ 60,213 544,928 Kewaunee Scientific Corp........................... 68,740 1,233,196 Kindred Healthcare, Inc............................ 1,747,991 32,267,914 #* Lannett Co., Inc................................... 44,753 2,122,635 # LeMaitre Vascular, Inc............................. 72,587 574,163 #* LHC Group, Inc..................................... 112,976 3,357,647 * LifePoint Hospitals, Inc........................... 1,892,213 123,447,976 #* Magellan Health, Inc............................... 512,309 30,800,017 * MedAssets, Inc..................................... 17,474 323,444 o#* MedCath Corp....................................... 622,045 -- #* MediciNova, Inc.................................... 18,700 70,686 * Merit Medical Systems, Inc......................... 228,446 3,502,077 * Misonix, Inc....................................... 131,503 1,758,195 * Molina Healthcare, Inc............................. 117,094 5,961,256 National Healthcare Corp........................... 400 25,188 #* Natus Medical, Inc................................. 75,052 2,821,955 * Orthofix International NV.......................... 157,723 4,810,551 #* Pacific Biosciences of California, Inc............. 99,826 802,601 Paratek Pharmaceuticals, Inc....................... 223 5,508 #* PDI, Inc........................................... 294,287 459,088 * PharMerica Corp.................................... 717,381 16,506,937 #* Prestige Brands Holdings, Inc...................... 1,233,861 42,272,078 #* RadNet, Inc........................................ 285,137 2,249,731 #* Retractable Technologies, Inc...................... 39,828 167,676 #* Rigel Pharmaceuticals, Inc......................... 36,828 76,234 51 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) #* RTI Surgical, Inc.................................. 704,104 $ 3,140,304 #* Sciclone Pharmaceuticals, Inc...................... 54,661 403,398 Select Medical Holdings Corp....................... 425,126 5,747,703 #* Stereotaxis, Inc................................... 2,235 3,710 #* Sucampo Pharmaceuticals, Inc. Class A.............. 277,919 4,185,460 * Symmetry Surgical, Inc............................. 243,056 1,750,003 #* Triple-S Management Corp. Class B.................. 641,427 15,445,562 * Universal American Corp............................ 2,163,085 19,532,658 * VCA, Inc........................................... 64,827 3,377,487 #* WellCare Health Plans, Inc......................... 142,634 10,390,887 ------------ Total Health Care...................................... 658,217,664 ------------ Industrials -- (15.9%) # AAR Corp........................................... 1,219,958 34,963,996 ABM Industries, Inc................................ 279,040 8,055,885 * ACCO Brands Corp................................... 1,699,753 13,462,044 # Aceto Corp......................................... 515,244 9,995,734 Acme United Corp................................... 2,707 51,433 Actuant Corp. Class A.............................. 396,879 9,171,874 * Aegion Corp........................................ 1,052,786 16,128,682 #* AeroCentury Corp................................... 31,474 254,939 * Air Transport Services Group, Inc.................. 948,551 7,901,430 # Aircastle, Ltd..................................... 1,404,483 28,173,929 Alamo Group, Inc................................... 313,908 14,141,555 Albany International Corp. Class A................. 8,412 287,102 Allied Motion Technologies, Inc.................... 44,049 987,579 #* Alpha PRO Tech, Ltd................................ 24,394 63,424 * AMERCO............................................. 343,417 98,255,038 #* Ameresco, Inc. Class A............................. 57,411 334,706 # American Railcar Industries, Inc................... 449,919 22,585,934 * AMREP Corp......................................... 8,733 33,185 Apogee Enterprises, Inc............................ 61,117 2,643,921 * ARC Document Solutions, Inc........................ 139,548 1,279,655 # ArcBest Corp....................................... 792,257 29,519,496 #* Arotech Corp....................................... 57,107 130,204 # Astec Industries, Inc.............................. 117,160 4,166,210 #* Atlas Air Worldwide Holdings, Inc.................. 778,530 35,189,556 * Avalon Holdings Corp. Class A...................... 51,820 157,015 * Avis Budget Group, Inc............................. 684,164 39,209,439 # Baltic Trading, Ltd................................ 409,495 663,382 Barnes Group, Inc.................................. 412,460 14,168,001 * Beacon Roofing Supply, Inc......................... 210,859 4,995,250 #* BlueLinx Holdings, Inc............................. 836,669 870,136 Brady Corp. Class A................................ 58,886 1,541,047 # Briggs & Stratton Corp............................. 1,354,763 24,941,187 # Brink's Co. (The).................................. 263,388 5,902,525 #* CAI International, Inc............................. 134,308 2,816,439 #* Casella Waste Systems, Inc. Class A................ 14,929 56,879 #* CBIZ, Inc.......................................... 609,746 5,048,697 CDI Corp........................................... 421,891 7,167,928 Ceco Environmental Corp............................ 108,580 1,489,718 Celadon Group, Inc................................. 165,132 3,935,096 Chicago Rivet & Machine Co......................... 28,248 862,129 52 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Industrials -- (Continued) CIRCOR International, Inc.......................... 3,078 $ 152,022 Civeo Corp......................................... 147,168 431,202 Columbus McKinnon Corp............................. 31,817 797,016 # Comfort Systems USA, Inc........................... 79,084 1,316,749 Compx International, Inc........................... 67,191 724,991 Con-way, Inc....................................... 625,490 25,626,325 Courier Corp....................................... 71,216 1,671,440 # Covanta Holding Corp............................... 2,770,867 56,636,521 * Covenant Transportation Group, Inc. Class A........ 222,806 6,305,410 #* CPI Aerostructures, Inc............................ 6,679 78,478 * CRA International, Inc............................. 65,831 1,943,989 Cubic Corp......................................... 38,241 1,999,622 Curtiss-Wright Corp................................ 643,162 42,789,568 #* DigitalGlobe, Inc.................................. 765,097 20,573,458 Douglas Dynamics, Inc.............................. 1,820 36,746 * Ducommun, Inc...................................... 311,748 8,096,096 * Dycom Industries, Inc.............................. 439,565 13,542,998 # Dynamic Materials Corp............................. 40,929 579,555 Eastern Co. (The).................................. 74,595 1,411,337 Ecology and Environment, Inc. Class A.............. 35,051 343,500 EMCOR Group, Inc................................... 147,851 5,967,266 Encore Wire Corp................................... 289,430 8,865,241 #* Energy Recovery, Inc............................... 27,016 89,153 * Engility Holdings, Inc............................. 215,793 8,610,141 Ennis, Inc......................................... 757,408 10,103,823 #* Erickson, Inc...................................... 700 4,935 ESCO Technologies, Inc............................. 201,883 7,271,826 #* Esterline Technologies Corp........................ 1,145,345 128,381,721 Federal Signal Corp................................ 982,704 15,005,890 * Franklin Covey Co.................................. 213,063 3,850,048 FreightCar America, Inc............................ 16,950 395,613 #* FTI Consulting, Inc................................ 867,271 35,271,912 #* Fuel Tech, Inc..................................... 141,932 458,440 * Furmanite Corp..................................... 2,600 19,058 G&K Services, Inc. Class A......................... 577,409 40,476,371 # GATX Corp.......................................... 1,763,892 100,806,428 * Gencor Industries, Inc............................. 35,002 320,268 # General Cable Corp................................. 1,333,654 15,257,002 #* Gibraltar Industries, Inc.......................... 894,853 13,548,074 # Global Power Equipment Group, Inc.................. 43,358 534,604 #* Goldfield Corp. (The).............................. 8,100 18,387 * GP Strategies Corp................................. 153,177 5,113,048 #* GrafTech International, Ltd........................ 1,904,500 6,913,335 # Granite Construction, Inc.......................... 332,820 11,342,506 #* Great Lakes Dredge & Dock Corp..................... 1,621,952 12,602,567 # Greenbrier Cos., Inc. (The)........................ 770,646 40,019,647 # Griffon Corp....................................... 1,509,131 22,169,134 H&E Equipment Services, Inc........................ 267,098 4,684,899 Hardinge, Inc...................................... 274,102 3,127,504 #* Hawaiian Holdings, Inc............................. 456,670 8,877,665 * HC2 Holdings, Inc.................................. 10,700 79,822 Heidrick & Struggles International, Inc............ 84,710 1,877,174 * Heritage-Crystal Clean, Inc........................ 6,496 82,824 53 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ ---------- ------------ Industrials -- (Continued) * Hill International, Inc............................ 487,041 $ 1,860,497 Houston Wire & Cable Co............................ 14,002 155,002 * Hub Group, Inc. Class A............................ 33,414 1,116,028 * Hudson Global, Inc................................. 389,082 953,251 Hurco Cos., Inc.................................... 135,141 4,740,746 # Hyster-Yale Materials Handling, Inc................ 259,313 16,245,959 #* ICF International, Inc............................. 153,173 5,722,543 #* InnerWorkings, Inc................................. 151,580 777,605 Insteel Industries, Inc............................ 194,756 3,976,918 * Integrated Electrical Services, Inc................ 1,093 7,990 #* Intelligent Systems Corp........................... 27,446 56,264 # International Shipholding Corp..................... 221,692 3,715,558 # Intersections, Inc................................. 165,041 564,440 #* JetBlue Airways Corp............................... 10,893,799 182,906,885 * JPS Industries, Inc................................ 42,199 404,688 Kadant, Inc........................................ 409,129 16,258,786 KBR, Inc........................................... 651,914 10,776,138 # Kelly Services, Inc. Class A....................... 1,014,841 17,150,813 Kelly Services, Inc. Class B....................... 567 9,659 # Kennametal, Inc.................................... 201,873 6,342,850 * Key Technology, Inc................................ 10,099 129,267 Kimball International, Inc. Class B................ 815,297 7,068,625 * Korn/Ferry International........................... 411,171 11,718,373 #* Kratos Defense & Security Solutions, Inc........... 913,078 4,437,559 * Lawson Products, Inc............................... 201,534 4,957,736 #* Layne Christensen Co............................... 504,050 4,077,764 LB Foster Co. Class A.............................. 63,309 3,001,480 #* LMI Aerospace, Inc................................. 156,906 2,228,065 LS Starrett Co. (The) Class A...................... 183,853 3,965,709 # LSI Industries, Inc................................ 221,134 1,623,124 * Lydall, Inc........................................ 417,771 11,509,591 #* Magnetek, Inc...................................... 29,000 1,146,080 #* Manitex International, Inc......................... 5,740 62,796 # Marten Transport, Ltd.............................. 855,899 17,503,135 #* MasTec, Inc........................................ 162,440 3,008,389 * Mastech Holdings, Inc.............................. 58,230 606,174 Matson, Inc........................................ 925,481 32,160,465 Matthews International Corp. Class A............... 19,285 893,474 # McGrath RentCorp................................... 129,136 3,923,152 * Meritor, Inc....................................... 76,805 983,104 * Mfri, Inc.......................................... 204,852 1,143,074 # Miller Industries, Inc............................. 300,625 6,072,625 # Mobile Mini, Inc................................... 1,207,957 43,848,839 * Moog, Inc. Class A................................. 70,232 4,937,310 #* MRC Global, Inc.................................... 708,069 7,654,226 Mueller Water Products, Inc. Class A............... 3,721,812 38,074,137 # Multi-Color Corp................................... 32,599 1,897,914 #* MYR Group, Inc..................................... 87,274 2,184,468 * Navigant Consulting, Inc........................... 709,620 10,239,817 # NL Industries, Inc................................. 169,582 1,188,770 NN, Inc............................................ 447,568 10,316,442 * Northwest Pipe Co.................................. 259,312 6,205,336 #* NOW, Inc........................................... 72,240 1,802,388 54 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * NV5 Holdings, Inc.................................. 1,642 $ 19,458 * Orbital Sciences Corp.............................. 172,568 4,847,435 #* Orion Energy Systems, Inc.......................... 105,731 478,961 #* Orion Marine Group, Inc............................ 243,516 2,223,301 Oshkosh Corp....................................... 9,796 419,759 #* PAM Transportation Services, Inc................... 157,983 9,147,216 # Park-Ohio Holdings Corp............................ 101,610 5,429,022 * Patrick Industries, Inc............................ 99,591 4,282,413 * PGT, Inc........................................... 80,347 690,181 * PMFG, Inc.......................................... 7,327 35,243 # Powell Industries, Inc............................. 11,197 436,795 #* PowerSecure International, Inc..................... 296,322 2,785,427 # Preformed Line Products Co......................... 44,160 2,111,290 Providence and Worcester Railroad Co............... 88,450 1,631,902 Quad/Graphics, Inc................................. 255,297 5,116,152 * Quality Distribution, Inc.......................... 162,863 1,358,277 Quanex Building Products Corp...................... 231,758 4,364,003 RCM Technologies, Inc.............................. 215,529 1,275,932 Regal-Beloit Corp.................................. 20,313 1,398,550 * Republic Airways Holdings, Inc..................... 1,610,866 22,165,516 Resources Connection, Inc.......................... 89,801 1,499,677 * Roadrunner Transportation Systems, Inc............. 226,328 4,598,985 * RPX Corp........................................... 194,800 2,405,780 #* Rush Enterprises, Inc. Class A..................... 865,108 24,223,024 * Rush Enterprises, Inc. Class B..................... 332,305 9,022,081 * Saia, Inc.......................................... 631,194 26,579,579 * Servotronics, Inc.................................. 15,025 96,160 # SIFCO Industries, Inc.............................. 68,152 1,975,726 Simpson Manufacturing Co., Inc..................... 12,371 403,789 SkyWest, Inc....................................... 1,698,707 21,318,773 * SL Industries, Inc................................. 28,931 1,236,800 * Sparton Corp....................................... 311,191 7,306,765 Standex International Corp......................... 193,299 13,548,327 #* Sterling Construction Co., Inc..................... 173,748 602,906 Supreme Industries, Inc. Class A................... 178,808 1,378,610 # TAL International Group, Inc....................... 273,200 11,105,580 #* Tecumseh Products Co............................... 471,624 1,669,549 # Terex Corp......................................... 146,899 3,302,290 Tetra Tech, Inc.................................... 471,850 10,866,705 # Textainer Group Holdings, Ltd...................... 752 24,673 # Titan International, Inc........................... 982,881 8,786,956 #* Titan Machinery, Inc............................... 70,698 998,963 * Transcat, Inc...................................... 58,439 532,379 * TRC Cos., Inc...................................... 316,913 2,189,869 * Trimas Corp........................................ 12,158 328,144 # Trinity Industries, Inc............................ 133,051 3,521,860 Triumph Group, Inc................................. 11,403 650,655 * Tutor Perini Corp.................................. 1,421,051 30,851,017 # Twin Disc, Inc..................................... 64,965 1,045,936 * Ultralife Corp..................................... 140,452 470,514 * Ultrapetrol Bahamas, Ltd........................... 242,535 390,481 UniFirst Corp...................................... 163,478 18,984,700 # United Stationers, Inc............................. 158,102 6,373,092 55 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Industrials -- (Continued) Universal Forest Products, Inc.................... 630,977 $ 31,586,709 #* USA Truck, Inc.................................... 307,125 8,538,075 #* UTi Worldwide, Inc................................ 88,549 1,051,077 #* Veritiv Corp...................................... 16,358 832,131 * Versar, Inc....................................... 39,210 119,590 Viad Corp......................................... 558,185 15,059,831 * Virco Manufacturing Corp.......................... 47,331 113,594 #* Volt Information Sciences, Inc.................... 527,356 6,613,044 # VSE Corp.......................................... 10,981 794,695 Watts Water Technologies, Inc. Class A............ 418,407 24,531,202 # Werner Enterprises, Inc........................... 641,326 18,297,031 #* Wesco Aircraft Holdings, Inc...................... 232,774 3,035,373 #* WESCO International, Inc.......................... 43,048 2,873,884 #* Willdan Group, Inc................................ 38,985 545,400 * Willis Lease Finance Corp......................... 294,405 6,082,407 #* XPO Logistics, Inc................................ 486 17,880 -------------- Total Industrials..................................... 2,081,716,857 -------------- Information Technology -- (13.1%) #* Acorn Energy, Inc................................. 11,406 5,931 * Actua Corp........................................ 657,444 10,584,848 * Acxiom Corp....................................... 16,296 296,587 * ADDvantage Technologies Group, Inc................ 4,523 10,493 * Advanced Energy Industries, Inc................... 164,254 3,942,096 * Aehr Test Systems................................. 45,574 121,227 #* Agilysys, Inc..................................... 502,038 5,211,154 * Alpha & Omega Semiconductor, Ltd.................. 383,040 3,359,261 * Amkor Technology, Inc............................. 790,722 5,021,085 #* ANADIGICS, Inc.................................... 46,258 49,959 #* AOL, Inc.......................................... 523,420 22,637,915 * ARRIS Group, Inc.................................. 33,397 875,669 Astro-Med, Inc.................................... 167,804 2,455,812 * Autobytel, Inc.................................... 55,623 542,324 #* Aviat Networks, Inc............................... 1,151,085 1,473,389 #* Avid Technology, Inc.............................. 973,693 12,619,061 AVX Corp.......................................... 443,097 5,729,244 Aware, Inc........................................ 660,227 3,221,908 #* Axcelis Technologies, Inc......................... 487,072 1,168,973 * AXT, Inc.......................................... 215,884 600,158 Bel Fuse, Inc. Class A............................ 14,272 295,430 Bel Fuse, Inc. Class B............................ 193,960 4,561,939 * Benchmark Electronics, Inc........................ 2,299,623 55,719,865 Black Box Corp.................................... 510,256 10,720,479 * Blonder Tongue Laboratories....................... 19,745 32,974 #* Blucora, Inc...................................... 1,104,955 14,938,992 o* Bogen Corp........................................ 43,300 -- #* BroadVision, Inc.................................. 17,915 108,027 Brooks Automation, Inc............................ 2,127,908 27,471,292 * Bsquare Corp...................................... 74,978 332,153 * BTU International, Inc............................ 17,638 46,388 * CACI International, Inc. Class A.................. 854,200 72,256,778 * Calix, Inc........................................ 28,232 271,027 * Cartesian, Inc.................................... 10,673 44,293 56 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Cascade Microtech, Inc............................. 347,246 $ 4,673,931 * Ceva, Inc.......................................... 6,333 115,957 * Checkpoint Systems, Inc............................ 581,483 7,536,020 #* ChyronHego Corp.................................... 51,176 143,037 #* Ciber, Inc......................................... 2,053,740 6,633,580 #* Cirrus Logic, Inc.................................. 13,222 350,383 #* Clearfield, Inc.................................... 44,712 526,707 * Coherent, Inc...................................... 432,593 26,768,855 Cohu, Inc.......................................... 705,340 7,991,502 o* Commerce One, LLC.................................. 55,600 -- Communications Systems, Inc........................ 155,779 1,596,735 Computer Task Group, Inc........................... 127,500 1,031,475 Comtech Telecommunications Corp.................... 470,465 15,544,164 Concurrent Computer Corp........................... 149,924 944,521 # Convergys Corp..................................... 3,909,664 74,909,162 CSP, Inc........................................... 125,308 887,181 CTS Corp........................................... 1,225,517 19,608,272 #* CyberOptics Corp................................... 236,505 2,580,270 * Data I/O Corp...................................... 74,290 234,014 #* Datalink Corp...................................... 13,075 148,532 #* Dataram Corp....................................... 2,200 5,302 #* Dealertrack Technologies, Inc...................... 44,017 1,769,483 #* Demand Media, Inc.................................. 108,761 440,482 * Digi International, Inc............................ 715,715 6,835,078 # Digimarc Corp...................................... 26,166 707,005 #* Digital River, Inc................................. 414,015 10,569,803 * Diodes, Inc........................................ 205,166 5,422,537 * Dot Hill Systems Corp.............................. 375,760 1,566,919 * DSP Group, Inc..................................... 549,920 6,043,621 # EarthLink Holdings Corp............................ 2,628,408 11,091,882 * Eastman Kodak Co................................... 1,200 21,612 * Edgewater Technology, Inc.......................... 298,591 2,105,067 Electro Rent Corp.................................. 559,778 7,215,538 # Electro Scientific Industries, Inc................. 824,787 5,171,415 * Electronics for Imaging, Inc....................... 652,060 25,202,119 * Emcore Corp........................................ 51,228 264,849 * Emulex Corp........................................ 1,686,577 10,557,972 #* Entropic Communications, Inc....................... 332,458 861,066 EPIQ Systems, Inc.................................. 365,324 6,374,904 * ePlus, Inc......................................... 270,502 18,242,655 #* Exar Corp.......................................... 776,304 7,002,262 #* Fabrinet........................................... 109,119 1,781,913 * Fairchild Semiconductor International, Inc......... 4,322,877 66,356,162 * FormFactor, Inc.................................... 1,036,231 7,823,544 * Frequency Electronics, Inc......................... 218,323 2,489,974 * Giga-tronics, Inc.................................. 10,700 20,330 * GigOptix, Inc...................................... 21,536 24,766 * Global Cash Access Holdings, Inc................... 27,736 183,335 * GSI Group, Inc..................................... 46,352 612,773 #* GSI Technology, Inc................................ 4,223 21,368 Hackett Group, Inc. (The).......................... 202,943 1,538,308 * Harmonic, Inc...................................... 1,618,096 12,378,434 #* Hutchinson Technology, Inc......................... 714,698 2,494,296 57 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * ID Systems, Inc.................................... 153,839 $ 1,013,799 * Identiv, Inc....................................... 10,430 131,522 * IEC Electronics Corp............................... 2,894 12,965 #* II-VI, Inc......................................... 225,321 3,873,268 #* Imation Corp....................................... 1,427,295 5,366,629 * Insight Enterprises, Inc........................... 1,152,962 27,290,611 Integrated Silicon Solution, Inc................... 651,976 10,483,774 #* Internap Corp...................................... 595,572 5,014,716 * Internet Patents Corp.............................. 16,755 45,406 * Interphase Corp.................................... 73,475 151,359 Intersil Corp. Class A............................. 2,155,669 30,847,623 * inTEST Corp........................................ 4,600 19,504 #* Intevac, Inc....................................... 118,135 767,878 * IntraLinks Holdings, Inc........................... 296,931 3,165,284 * IntriCon Corp...................................... 44,161 326,791 #* iPass, Inc......................................... 84,909 109,533 * Iteris, Inc........................................ 107,467 193,441 #* Itron, Inc......................................... 180,329 6,710,042 IXYS Corp.......................................... 131,720 1,488,436 #* Kemet Corp......................................... 252,823 960,727 * Key Tronic Corp.................................... 351,713 3,242,794 * Kimball Electronics, Inc........................... 598,562 6,093,361 #* Knowles Corp....................................... 321,694 6,823,130 #* Kopin Corp......................................... 5,300 19,345 * Kulicke & Soffa Industries, Inc.................... 1,667,325 25,293,320 * KVH Industries, Inc................................ 148,947 1,802,259 * Lattice Semiconductor Corp......................... 780,521 5,565,115 # Lexmark International, Inc. Class A................ 670,308 26,751,992 * LGL Group, Inc. (The).............................. 8,402 31,928 * Lionbridge Technologies, Inc....................... 65,229 324,840 #* LoJack Corp........................................ 138,946 294,566 * Magnachip Semiconductor Corp....................... 119,033 1,711,695 # ManTech International Corp. Class A................ 299,777 9,751,746 Marchex, Inc. Class B.............................. 255,488 973,409 #* Mercury Systems, Inc............................... 157,203 2,480,663 Methode Electronics, Inc........................... 433,643 15,684,867 MKS Instruments, Inc............................... 1,448,474 50,711,075 #* ModusLink Global Solutions, Inc.................... 838,727 3,027,804 #* Monster Worldwide, Inc............................. 2,737,095 11,304,202 #* MoSys, Inc......................................... 144,081 289,603 #* Multi-Fineline Electronix, Inc..................... 7,191 93,555 * NAPCO Security Technologies, Inc................... 42,075 209,113 * NCI, Inc. Class A.................................. 13,934 171,667 * NeoPhotonics Corp.................................. 22,098 66,294 #* NETGEAR, Inc....................................... 528,000 17,830,560 * Newport Corp....................................... 1,041,072 19,280,653 #* Novatel Wireless, Inc.............................. 204,994 1,082,368 #* Numerex Corp. Class A.............................. 73,431 769,557 #* Oclaro, Inc........................................ 286,922 410,298 * OmniVision Technologies, Inc....................... 1,595,054 43,130,260 * Omtool, Ltd........................................ 16,864 36,679 Optical Cable Corp................................. 169,845 884,892 * PAR Technology Corp................................ 147,203 844,945 58 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) Park Electrochemical Corp.......................... 2,211 $ 48,001 PC Connection, Inc................................. 871,454 20,697,033 PC-Tel, Inc........................................ 613,025 5,143,280 * PCM, Inc........................................... 204,946 1,946,987 * PDF Solutions, Inc................................. 88,398 1,469,175 Perceptron, Inc.................................... 200,875 2,151,371 * Perficient, Inc.................................... 19,898 358,164 * Pericom Semiconductor Corp......................... 531,128 7,759,780 #* Photronics, Inc.................................... 1,815,434 15,249,646 #* Planar Systems, Inc................................ 433,986 3,176,778 * Plexus Corp........................................ 82,121 3,111,565 * Polycom, Inc....................................... 2,956,242 39,318,019 #* PRGX Global, Inc................................... 9,228 47,893 * QLogic Corp........................................ 1,934,093 25,839,483 * Qorvo, Inc......................................... 1,513,218 111,781,414 * Qualstar Corp...................................... 379,283 538,582 * Qumu Corp.......................................... 35,376 502,339 * Radisys Corp....................................... 233,276 541,200 #* RealNetworks, Inc.................................. 665,584 4,679,056 Reis, Inc.......................................... 330,568 7,437,780 #* Relm Wireless Corp................................. 130,663 696,434 # RF Industries, Ltd................................. 65,574 294,427 Richardson Electronics, Ltd........................ 431,924 4,047,128 #* Rightside Group, Ltd............................... 49,571 391,611 * Rofin-Sinar Technologies, Inc...................... 163,436 4,399,697 * Rogers Corp........................................ 21,346 1,576,616 * Rovi Corp.......................................... 1,362,861 31,495,718 * Sanmina Corp....................................... 2,430,237 51,472,420 * ScanSource, Inc.................................... 177,081 6,105,753 * Seachange International, Inc....................... 576,574 4,070,612 * Selectica, Inc..................................... 3,912 18,073 #* Sigma Designs, Inc................................. 858,668 5,461,129 * Sigmatron International, Inc....................... 16,500 97,680 * Silicon Image, Inc................................. 11,116 80,702 * Spansion, Inc. Class A............................. 1,014,477 35,973,354 #* Speed Commerce, Inc................................ 54,871 130,593 #* StarTek, Inc....................................... 236,335 2,228,639 #* SunPower Corp...................................... 135,146 3,259,722 * Super Micro Computer, Inc.......................... 52,348 1,914,366 * support.com, Inc................................... 876,171 1,717,295 * Sykes Enterprises, Inc............................. 524,161 11,804,106 # SYNNEX Corp........................................ 1,304,818 96,804,447 * Tech Data Corp..................................... 1,157,568 66,097,133 * TechTarget, Inc.................................... 16,618 183,629 #* TeleCommunication Systems, Inc. Class A............ 1,023,818 2,897,405 #* Telenav, Inc....................................... 26,619 172,491 # Tessco Technologies, Inc........................... 73,369 1,661,808 Tessera Technologies, Inc.......................... 7,447 276,135 TheStreet, Inc..................................... 467,983 973,405 * Trio Tech International............................ 39,533 117,018 * TSR, Inc........................................... 1,145 4,866 #* TTM Technologies, Inc.............................. 921,097 6,401,624 * Ultra Clean Holdings, Inc.......................... 316,965 2,789,292 59 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Information Technology -- (Continued) #* Ultratech, Inc.................................... 10,569 $ 168,470 * United Online, Inc................................ 392,147 5,176,340 * Universal Security Instruments, Inc............... 34,941 215,935 * Viasystems Group, Inc............................. 565,834 9,059,002 # Vicon Industries, Inc............................. 101,475 157,286 #* Video Display Corp................................ 5,282 13,258 # Vishay Intertechnology, Inc....................... 4,998,232 68,075,920 * Vishay Precision Group, Inc....................... 382,794 6,369,692 * Westell Technologies, Inc. Class A................ 82,538 103,173 * Wireless Telecom Group, Inc....................... 137,594 433,421 * Xcerra Corp....................................... 93,493 718,026 #* Zynga, Inc. Class A............................... 2,042,087 5,227,743 -------------- Total Information Technology.......................... 1,710,240,806 -------------- Materials -- (5.6%) # A Schulman, Inc................................... 674,671 23,512,284 #* Allied Nevada Gold Corp........................... 342,294 352,563 #* AM Castle & Co.................................... 625,591 3,784,826 * American Biltrite, Inc............................ 110 47,300 # American Vanguard Corp............................ 73,988 827,186 # Ampco-Pittsburgh Corp............................. 77,562 1,411,628 Axiall Corp....................................... 899,853 39,818,495 Cabot Corp........................................ 171,034 7,253,552 # Carpenter Technology Corp......................... 164,013 6,222,653 * Century Aluminum Co............................... 2,678,258 61,894,542 Chase Corp........................................ 1,380 49,404 * Clearwater Paper Corp............................. 57,635 4,266,143 #* Coeur Mining, Inc................................. 1,375,838 8,667,779 Commercial Metals Co.............................. 3,325,753 44,631,605 #* Continental Materials Corp........................ 14,260 248,124 * Core Molding Technologies, Inc.................... 198,499 2,878,236 Domtar Corp....................................... 259,799 9,950,302 # Friedman Industries, Inc.......................... 179,533 1,123,877 FutureFuel Corp................................... 50,298 552,775 * Graphic Packaging Holding Co...................... 5,789,957 83,838,577 Greif, Inc. Class A............................... 179,596 6,860,567 Haynes International, Inc......................... 9,872 384,317 * Headwaters, Inc................................... 64,508 908,273 # Hecla Mining Co................................... 2,556,764 8,411,754 #* Horsehead Holding Corp............................ 758,895 10,199,549 #* Intrepid Potash, Inc.............................. 19,516 259,758 # Kaiser Aluminum Corp.............................. 623,602 43,221,855 KapStone Paper and Packaging Corp................. 137,959 4,120,835 KMG Chemicals, Inc................................ 9,897 207,045 * Kraton Performance Polymers, Inc.................. 336,592 6,509,689 # Kronos Worldwide, Inc............................. 86,484 971,215 #* Louisiana-Pacific Corp............................ 5,449,807 89,213,341 * LSB Industries, Inc............................... 106,866 3,338,494 Materion Corp..................................... 149,499 4,925,992 #* Mercer International, Inc......................... 536,505 6,802,883 Minerals Technologies, Inc........................ 44,740 2,922,864 # Myers Industries, Inc............................. 500,577 8,334,607 # Noranda Aluminum Holding Corp..................... 829,762 2,514,179 60 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) #* Northern Technologies International Corp........... 3,305 $ 67,538 # Olin Corp.......................................... 1,655,572 41,505,190 # Olympic Steel, Inc................................. 301,630 4,135,347 OM Group, Inc...................................... 1,035,713 28,999,964 * OMNOVA Solutions, Inc.............................. 34,442 236,272 * Penford Corp....................................... 262,146 4,933,588 PH Glatfelter Co................................... 1,169,099 26,737,294 #* Rentech, Inc....................................... 33,187 39,824 * Resolute Forest Products, Inc...................... 607,848 10,333,416 #* RTI International Metals, Inc...................... 983,624 21,934,815 # Schnitzer Steel Industries, Inc. Class A........... 723,658 12,215,347 Stepan Co.......................................... 31,286 1,201,382 #* Stillwater Mining Co............................... 1,093,360 14,946,231 SunCoke Energy, Inc................................ 844,560 12,752,856 Synalloy Corp...................................... 62,859 1,049,745 TimkenSteel Corp................................... 84,494 2,281,338 Tredegar Corp...................................... 1,204,540 25,765,111 # Tronox, Ltd. Class A............................... 743,054 15,708,162 #* Universal Stainless & Alloy Products, Inc.......... 134,142 2,990,025 # Wausau Paper Corp.................................. 369,974 3,758,936 * Webco Industries, Inc.............................. 9,290 575,516 Westlake Chemical Corp............................. 100,592 5,764,928 Zep, Inc........................................... 15,438 247,317 ------------ Total Materials........................................ 739,619,210 ------------ Other -- (0.0%) o* Allen Organ Co. Escrow Shares...................... 4,900 -- o* Big 4 Ranch, Inc................................... 73,300 -- o* Concord Camera Corp. Escrow Shares................. 95,952 -- o* First Commerce Bancorp Escrow Shares............... 70,003 -- o* Gerber Scientific, Inc. Escrow Shares.............. 525,910 -- o* Petrocorp, Inc. Escrow Shares...................... 102,600 -- ------------ Total Other............................................ -- ------------ Real Estate Investment Trusts -- (0.1%) Geo Group, Inc. (The).............................. 167,722 7,299,261 ------------ Telecommunication Services -- (0.4%) #* Alaska Communications Systems Group, Inc........... 26,960 47,989 # Atlantic Tele-Network, Inc......................... 44,303 2,943,048 #* Boingo Wireless, Inc............................... 89,309 754,661 #* Cincinnati Bell, Inc............................... 851,428 2,494,684 * General Communication, Inc. Class A................ 309,399 4,541,977 #* Hawaiian Telcom Holdco, Inc........................ 21,540 560,686 IDT Corp. Class B.................................. 19,306 412,376 #* Iridium Communications, Inc........................ 1,442,170 12,272,867 # Lumos Networks Corp................................ 2,724 43,666 #* ORBCOMM, Inc....................................... 1,149,343 6,390,347 * Premiere Global Services, Inc...................... 83,320 736,549 Shenandoah Telecommunications Co................... 867 25,759 Spok Holdings, Inc................................. 184,844 3,164,529 #* Straight Path Communications, Inc. Class B......... 9,653 185,145 Telephone & Data Systems, Inc...................... 621,184 14,442,528 61 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Telecommunication Services -- (Continued) #* United States Cellular Corp.................. 20,284 $ 705,680 --------------- Total Telecommunication Services................... 49,722,491 --------------- Utilities -- (0.1%) Atlantic Power Corp.......................... 15,344 40,662 # Consolidated Water Co., Ltd.................. 147,812 1,603,760 * Dynegy, Inc.................................. 7,841 214,216 Genie Energy, Ltd. Class B................... 32,852 205,982 # Ormat Technologies, Inc...................... 207,091 5,539,684 SJW Corp..................................... 16,389 553,457 --------------- Total Utilities.................................... 8,157,761 --------------- TOTAL COMMON STOCKS................................ 11,197,075,143 --------------- PREFERRED STOCKS -- (0.0%) Other -- (0.0%) o* Enron TOPRS Escrow Shares.................... 34,332 -- --------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights... 45,703 -- o#* Eagle Bulk Shipping, Inc. Warrants 10/15/21.. 1,024 1,331 o* Ikanos Communications Rights 01/12/2015...... 128,006 -- o* Leap Wireless International, Inc. Contingent Value Rights................................. 978,534 2,465,906 o#* Magnum Hunter Resources Corp. Warrants 04/15/16..................................... 40,956 -- o#* Southern Community Financial Corp. Contingent Value Rights...................... 226,834 209,980 --------------- TOTAL RIGHTS/WARRANTS.............................. 2,677,217 --------------- TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional Liquid Reserves, 0.089%..................................... 28,436,050 28,436,050 --------------- SECURITIES LENDING COLLATERAL -- (14.2%) (S)@ DFA Short Term Investment Fund............... 159,766,143 1,848,494,275 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $10,347,129,119)^^......................... $13,076,682,685 =============== 62 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- -------------- ------- --------------- Common Stocks Consumer Discretionary.. $ 1,731,011,799 -- -- $ 1,731,011,799 Consumer Staples........ 395,884,056 -- -- 395,884,056 Energy........... 849,843,683 -- -- 849,843,683 Financials....... 2,965,278,054 $ 83,501 -- 2,965,361,555 Health Care...... 658,217,664 -- -- 658,217,664 Industrials...... 2,081,716,857 -- -- 2,081,716,857 Information Technology..... 1,710,240,806 -- -- 1,710,240,806 Materials........ 739,619,210 -- -- 739,619,210 Other............ -- -- -- -- Real Estate Investment Trusts......... 7,299,261 -- -- 7,299,261 Telecommunication Services....... 49,722,491 -- -- 49,722,491 Utilities........ 8,157,761 -- -- 8,157,761 Preferred Stocks Other............ -- -- -- -- Rights/Warrants..... -- 2,677,217 -- 2,677,217 Temporary Cash Investments....... 28,436,050 -- -- 28,436,050 Securities Lending Collateral........ -- 1,848,494,275 -- 1,848,494,275 --------------- -------------- -- --------------- TOTAL............... $11,225,427,692 $1,851,254,993 -- $13,076,682,685 =============== ============== == =============== 63 U.S. CORE EQUITY 1 PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (90.1%) Consumer Discretionary -- (14.1%) * 1-800-Flowers.com, Inc. Class A.................... 25,370 $ 200,169 Aaron's, Inc....................................... 84,741 2,682,900 # Abercrombie & Fitch Co. Class A.................... 76,712 1,957,690 Advance Auto Parts, Inc............................ 46,700 7,425,300 #* Aeropostale, Inc................................... 58,751 143,352 #* AG&E Holdings, Inc................................. 2,858 2,086 AH Belo Corp. Class A.............................. 15,518 139,972 * Amazon.com, Inc.................................... 158,292 56,119,263 * Ambassadors Group, Inc............................. 8,122 20,467 #* AMC Networks, Inc. Class A......................... 66,794 4,455,160 AMCON Distributing Co.............................. 247 20,069 * America's Car-Mart, Inc............................ 10,832 575,288 #* American Axle & Manufacturing Holdings, Inc........ 87,985 2,142,435 # American Eagle Outfitters, Inc..................... 189,847 2,665,452 #* American Public Education, Inc..................... 24,120 809,708 * ANN, Inc........................................... 90,155 2,984,131 * Apollo Education Group, Inc. Class A............... 151,474 3,826,233 Aramark............................................ 12,315 385,706 # Arctic Cat, Inc.................................... 13,626 458,106 Ark Restaurants Corp............................... 2,510 61,821 * Asbury Automotive Group, Inc....................... 46,148 3,424,643 * Ascena Retail Group, Inc........................... 165,300 1,910,868 #* Ascent Capital Group, Inc. Class A................. 14,541 615,230 # Autoliv, Inc....................................... 77,271 8,195,362 #* AutoNation, Inc.................................... 89,331 5,325,914 * AutoZone, Inc...................................... 14,151 8,447,581 * Ballantyne Strong, Inc............................. 10,077 41,215 * Barnes & Noble, Inc................................ 101,192 2,377,000 Bassett Furniture Industries, Inc.................. 7,766 172,561 Beasley Broadcast Group, Inc. Class A.............. 3,374 17,612 * Beazer Homes USA, Inc.............................. 11,219 177,260 # bebe stores, Inc................................... 97,073 347,521 #* Bed Bath & Beyond, Inc............................. 182,462 13,642,684 * Belmond, Ltd. Class A.............................. 83,221 914,599 Best Buy Co., Inc.................................. 371,314 13,070,253 Big 5 Sporting Goods Corp.......................... 36,574 435,596 # Big Lots, Inc...................................... 72,747 3,339,815 * Biglari Holdings, Inc.............................. 1,857 768,742 #* BJ's Restaurants, Inc.............................. 36,363 1,610,517 * Bloomin' Brands, Inc............................... 187,057 4,623,114 #* Blue Nile, Inc..................................... 15,801 491,095 Blyth, Inc......................................... 11,136 82,518 # Bob Evans Farms, Inc............................... 26,941 1,518,664 # Bon-Ton Stores, Inc. (The)......................... 13,310 72,939 * Books-A-Million, Inc............................... 9,373 23,620 BorgWarner, Inc.................................... 137,621 7,432,910 # Bowl America, Inc. Class A......................... 1,576 22,852 #* Boyd Gaming Corp................................... 37,566 490,612 * Bravo Brio Restaurant Group, Inc................... 19,393 255,018 #* Bridgepoint Education, Inc......................... 44,168 435,938 #* Bright Horizons Family Solutions, Inc.............. 12,908 626,683 64 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Brinker International, Inc......................... 69,872 $ 4,082,621 Brown Shoe Co., Inc................................ 57,520 1,632,993 # Brunswick Corp..................................... 104,833 5,690,335 # Buckle, Inc. (The)................................. 23,083 1,172,386 #* Buffalo Wild Wings, Inc............................ 25,315 4,514,171 * Build-A-Bear Workshop, Inc......................... 19,166 395,203 #* Cabela's, Inc...................................... 53,932 2,963,563 # Cablevision Systems Corp. Class A.................. 242,909 4,595,838 # Callaway Golf Co................................... 129,263 1,054,786 * Cambium Learning Group, Inc........................ 45,231 113,530 * Canterbury Park Holding Corp....................... 2,402 24,140 Capella Education Co............................... 18,809 1,278,824 * Career Education Corp.............................. 111,923 624,530 #* CarMax, Inc........................................ 131,688 8,177,825 * Carmike Cinemas, Inc............................... 24,290 672,104 Carnival Corp...................................... 132,473 5,823,513 # Carriage Services, Inc............................. 20,619 449,494 * Carrols Restaurant Group, Inc...................... 28,600 227,656 Carter's, Inc...................................... 88,050 7,175,195 Cato Corp. (The) Class A........................... 35,471 1,503,970 * Cavco Industries, Inc.............................. 9,705 713,415 CBS Corp. Class A.................................. 9,684 541,868 CBS Corp. Class B.................................. 191,865 10,516,121 #* Central European Media Enterprises, Ltd. Class A... 30,475 79,235 #* Charles & Colvard, Ltd............................. 17,475 31,455 #* Charter Communications, Inc. Class A............... 71,591 10,818,474 # Cheesecake Factory, Inc. (The)..................... 87,690 4,604,602 Cherokee, Inc...................................... 3,363 61,139 Chico's FAS, Inc................................... 181,836 3,033,024 # Children's Place, Inc. (The)....................... 28,532 1,710,493 * Chipotle Mexican Grill, Inc........................ 12,270 8,709,737 # Choice Hotels International, Inc................... 64,767 3,720,864 * Christopher & Banks Corp........................... 36,826 191,863 Churchill Downs, Inc............................... 18,070 1,716,469 #* Chuy's Holdings, Inc............................... 4,471 95,545 * Cinedigm Corp...................................... 52,434 78,127 Cinemark Holdings, Inc............................. 132,538 4,926,437 * Citi Trends, Inc................................... 20,814 476,432 Clear Channel Outdoor Holdings, Inc. Class A....... 33,565 303,763 ClubCorp Holdings, Inc............................. 8,776 149,280 Coach, Inc......................................... 167,640 6,234,532 * Coast Distribution System, Inc. (The).............. 890 3,079 Collectors Universe, Inc........................... 3,602 84,647 Columbia Sportswear Co............................. 62,528 2,657,440 Comcast Corp. Class A.............................. 1,226,713 65,193,662 # Comcast Corp. Special Class A...................... 236,564 12,514,236 #* Conn's, Inc........................................ 29,186 459,388 Cooper Tire & Rubber Co............................ 85,330 2,968,631 Core-Mark Holding Co., Inc......................... 24,702 1,647,129 # Cracker Barrel Old Country Store, Inc.............. 40,009 5,381,611 #* Crocs, Inc......................................... 96,113 1,018,798 #* Crown Media Holdings, Inc. Class A................. 16,884 54,029 CSS Industries, Inc................................ 2,658 72,298 65 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) CST Brands, Inc.................................... 129,925 $ 5,599,768 Culp, Inc.......................................... 10,739 215,747 #* Cumulus Media, Inc. Class A........................ 66,466 231,302 Dana Holding Corp.................................. 285,697 5,962,496 # Darden Restaurants, Inc............................ 100,706 6,181,334 #* Deckers Outdoor Corp............................... 33,088 2,185,462 * Del Frisco's Restaurant Group, Inc................. 23,109 458,251 Delphi Automotive P.L.C............................ 136,795 9,401,920 #* Delta Apparel, Inc................................. 6,441 59,579 * Denny's Corp....................................... 61,218 666,052 Destination Maternity Corp......................... 10,940 167,491 #* Destination XL Group, Inc.......................... 50,786 257,993 # DeVry Education Group, Inc......................... 78,045 3,309,888 * DGSE Cos., Inc..................................... 3,733 5,637 * Diamond Resorts International, Inc................. 10,421 295,748 Dick's Sporting Goods, Inc......................... 106,207 5,485,592 Dillard's, Inc. Class A............................ 54,197 6,156,779 DineEquity, Inc.................................... 37,724 4,027,037 * DIRECTV............................................ 130,949 11,167,331 * Discovery Communications, Inc...................... 82,372 2,296,531 #* Discovery Communications, Inc. Class A............. 36,788 1,066,300 * Discovery Communications, Inc. Class B............. 1,400 39,312 * DISH Network Corp. Class A......................... 101,422 7,135,038 #* Dixie Group, Inc. (The)............................ 4,689 37,887 * Dollar General Corp................................ 201,729 13,527,947 * Dollar Tree, Inc................................... 132,994 9,455,873 # Domino's Pizza, Inc................................ 60,640 6,006,392 #* Dorman Products, Inc............................... 43,480 1,988,340 Dover Motorsports, Inc............................. 3,182 8,400 DR Horton, Inc..................................... 238,373 5,844,906 #* DreamWorks Animation SKG, Inc. Class A............. 78,702 1,469,366 * Drew Industries, Inc............................... 31,325 1,575,021 DSW, Inc. Class A.................................. 93,189 3,313,801 # Dunkin' Brands Group, Inc.......................... 175,011 8,279,770 Educational Development Corp....................... 1,932 7,979 * Eldorado Resorts, Inc.............................. 11,682 46,319 Emerson Radio Corp................................. 14,810 15,402 #* Entercom Communications Corp. Class A.............. 23,008 266,203 # Entravision Communications Corp. Class A........... 83,331 514,152 # Escalade, Inc...................................... 9,623 146,655 # Ethan Allen Interiors, Inc......................... 33,730 918,131 * EVINE Live, Inc.................................... 36,640 229,733 #* EW Scripps Co. (The) Class A....................... 41,271 814,277 Expedia, Inc....................................... 69,202 5,946,528 * Express, Inc....................................... 67,193 878,884 Family Dollar Stores, Inc.......................... 40,299 3,066,754 #* Famous Dave's Of America, Inc...................... 4,605 139,393 #* Federal-Mogul Holdings Corp........................ 88,480 1,197,134 #* Fiesta Restaurant Group, Inc....................... 23,812 1,406,575 Finish Line, Inc. (The) Class A.................... 57,792 1,363,891 #* Five Below, Inc.................................... 53,406 1,779,488 # Flanigan's Enterprises, Inc........................ 300 11,475 Flexsteel Industries, Inc.......................... 3,267 97,357 66 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Foot Locker, Inc................................... 158,387 $ 8,429,356 Ford Motor Co...................................... 1,881,289 27,673,761 * Fossil Group, Inc.................................. 84,989 8,311,924 * Francesca's Holdings Corp.......................... 27,924 442,875 Fred's, Inc. Class A............................... 34,559 573,679 Frisch's Restaurants, Inc.......................... 2,853 79,028 #* FTD Cos., Inc...................................... 22,621 774,769 #* Fuel Systems Solutions, Inc........................ 18,605 199,818 * Full House Resorts, Inc............................ 8,200 11,234 #* G-III Apparel Group, Ltd........................... 26,171 2,543,821 * Gaiam, Inc. Class A................................ 8,701 63,691 # GameStop Corp. Class A............................. 208,279 7,341,835 * Gaming Partners International Corp................. 4,515 37,429 Gannett Co., Inc................................... 207,876 6,446,235 # Gap, Inc. (The).................................... 247,999 10,215,079 # Garmin, Ltd........................................ 89,364 4,679,099 #* Geeknet, Inc....................................... 3,235 25,362 General Motors Co.................................. 545,884 17,806,736 * Genesco, Inc....................................... 27,129 1,938,367 Gentex Corp........................................ 334,187 5,577,581 * Gentherm, Inc...................................... 44,092 1,621,704 Genuine Parts Co................................... 80,944 7,522,935 GNC Holdings, Inc. Class A......................... 149,052 6,608,966 Goodyear Tire & Rubber Co. (The)................... 192,374 4,663,146 #* Gordmans Stores, Inc............................... 9,185 33,985 Graham Holdings Co. Class B........................ 6,535 6,112,316 #* Grand Canyon Education, Inc........................ 57,864 2,535,600 #* Gray Television, Inc............................... 63,627 601,911 * Gray Television, Inc. Class A...................... 600 4,500 #* Green Brick Partners, Inc.......................... 530 3,885 Group 1 Automotive, Inc............................ 34,543 2,776,912 #* Groupon, Inc....................................... 228,087 1,633,103 # Guess?, Inc........................................ 89,660 1,683,815 H&R Block, Inc..................................... 172,262 5,905,141 #* Hampshire Group, Ltd............................... 689 1,240 Hanesbrands, Inc................................... 68,346 7,612,377 Harley-Davidson, Inc............................... 136,341 8,412,240 Harman International Industries, Inc............... 35,262 4,571,013 Harte-Hanks, Inc................................... 66,335 482,255 # Hasbro, Inc........................................ 70,400 3,866,368 Haverty Furniture Cos., Inc........................ 24,372 595,408 Haverty Furniture Cos., Inc. Class A............... 1,608 39,927 * Helen of Troy, Ltd................................. 32,270 2,427,349 #* hhgregg, Inc....................................... 27,171 149,169 #* Hibbett Sports, Inc................................ 22,994 1,081,638 * Hilton Worldwide Holdings, Inc..................... 28,200 732,354 Home Depot, Inc. (The)............................. 634,947 66,301,166 Hooker Furniture Corp.............................. 9,849 177,676 #* Hovnanian Enterprises, Inc. Class A................ 11,285 38,820 # HSN, Inc........................................... 67,115 5,197,386 * Hyatt Hotels Corp. Class A......................... 31,556 1,775,341 #* Iconix Brand Group, Inc............................ 60,513 2,011,452 International Game Technology...................... 213,851 3,618,359 67 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # International Speedway Corp. Class A............... 34,218 $ 995,402 Interpublic Group of Cos., Inc. (The).............. 278,143 5,546,171 Interval Leisure Group, Inc........................ 59,213 1,366,636 #* iRobot Corp........................................ 22,770 718,394 #* Isle of Capri Casinos, Inc......................... 25,942 265,646 #* ITT Educational Services, Inc...................... 8,984 65,314 Jack in the Box, Inc............................... 57,560 4,880,512 #* JAKKS Pacific, Inc................................. 12,915 77,748 #* Jamba, Inc......................................... 15,484 254,402 * Jarden Corp........................................ 74,175 3,561,884 #* JC Penney Co., Inc................................. 259,063 1,883,388 John Wiley & Sons, Inc. Class A.................... 57,753 3,578,376 John Wiley & Sons, Inc. Class B.................... 4,638 286,489 Johnson Controls, Inc.............................. 311,700 14,484,699 Johnson Outdoors, Inc. Class A..................... 8,183 245,490 * Journal Communications, Inc. Class A............... 44,742 449,657 * K12, Inc........................................... 43,605 620,063 #* Kate Spade & Co.................................... 64,200 2,024,226 # KB Home............................................ 62,897 783,697 #* Kirkland's, Inc.................................... 19,415 451,787 # Kohl's Corp........................................ 270,655 16,163,517 * Kona Grill, Inc.................................... 4,321 101,544 Koss Corp.......................................... 1,533 3,035 #* Krispy Kreme Doughnuts, Inc........................ 52,657 1,025,232 L Brands, Inc...................................... 126,640 10,717,543 La-Z-Boy, Inc...................................... 54,252 1,447,986 #* Lakeland Industries, Inc........................... 3,968 33,728 #* Lands' End, Inc.................................... 22,424 777,889 Las Vegas Sands Corp............................... 183,995 10,003,808 o* Lazare Kaplan International, Inc................... 1,600 2,504 #* LeapFrog Enterprises, Inc.......................... 50,254 119,605 Lear Corp.......................................... 87,852 8,815,948 * Learning Tree International, Inc................... 6,151 12,240 #* Lee Enterprises, Inc............................... 20,446 60,316 # Leggett & Platt, Inc............................... 116,283 4,957,144 # Lennar Corp. Class A............................... 120,994 5,433,841 Lennar Corp. Class B............................... 17,482 631,275 Libbey, Inc........................................ 46,264 1,513,295 * Liberty Broadband Corp.(530307206)................. 598 29,601 * Liberty Broadband Corp.(530307305)................. 37,888 1,682,227 * Liberty Broadband Corp. Class A.................... 14,004 622,758 * Liberty Global P.L.C. Class A...................... 51,144 2,389,448 * Liberty Global P.L.C. Class B...................... 488 22,702 * Liberty Global P.L.C. Series C..................... 275,623 12,565,653 * Liberty Interactive Corp. Class A.................. 415,593 11,370,624 * Liberty Interactive Corp. Class B.................. 6,948 203,160 * Liberty Media Corp................................. 116,561 3,977,061 * Liberty Media Corp. Class A........................ 56,016 1,907,345 * Liberty Media Corp. Class B........................ 2,392 94,843 * Liberty TripAdvisor Holdings, Inc. Class A......... 71,392 1,709,124 * Liberty TripAdvisor Holdings, Inc. Class B......... 694 17,572 * Liberty Ventures Series A.......................... 130,872 4,888,069 * Liberty Ventures Series B.......................... 1,681 65,651 68 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* Life Time Fitness, Inc............................. 47,155 $ 2,577,964 # Lifetime Brands, Inc............................... 10,549 166,463 # Lincoln Educational Services Corp.................. 13,802 35,885 # Lions Gate Entertainment Corp...................... 106,634 3,063,595 Lithia Motors, Inc. Class A........................ 37,166 3,147,960 * Live Nation Entertainment, Inc..................... 229,877 5,464,176 #* LKQ Corp........................................... 182,344 4,706,299 * Loral Space & Communications, Inc.................. 14,301 1,028,385 Lowe's Cos., Inc................................... 473,165 32,061,660 #* Luby's, Inc........................................ 19,164 93,520 #* Lululemon Athletica, Inc........................... 66,936 4,433,841 #* Lumber Liquidators Holdings, Inc................... 22,193 1,401,488 * M/I Homes, Inc..................................... 40,621 838,417 Macy's, Inc........................................ 186,926 11,940,833 * Madison Square Garden Co. (The) Class A............ 84,547 6,404,435 Marcus Corp. (The)................................. 15,379 290,048 # Marine Products Corp............................... 20,779 150,232 #* MarineMax, Inc..................................... 29,412 750,300 # Marriott International, Inc. Class A............... 110,070 8,200,215 Marriott Vacations Worldwide Corp.................. 33,537 2,565,581 #* Martha Stewart Living Omnimedia, Inc. Class A...... 35,026 162,521 # Mattel, Inc........................................ 189,477 5,096,931 #* Mattress Firm Holding Corp......................... 1,120 64,534 * McClatchy Co. (The) Class A........................ 65,819 165,206 McDonald's Corp.................................... 473,302 43,752,037 # MDC Holdings, Inc.................................. 80,966 2,024,150 #* Media General, Inc................................. 15,715 224,725 # Men's Wearhouse, Inc. (The)........................ 49,217 2,287,114 # Meredith Corp...................................... 44,642 2,324,063 #* Meritage Homes Corp................................ 62,772 2,285,529 * MGM Resorts International.......................... 404,869 7,886,848 * Michael Kors Holdings, Ltd......................... 110,607 7,829,870 * Modine Manufacturing Co............................ 62,502 761,899 * Mohawk Industries, Inc............................. 54,493 8,993,525 * Monarch Casino & Resort, Inc....................... 15,093 261,109 # Monro Muffler Brake, Inc........................... 32,802 1,874,306 Morningstar, Inc................................... 37,240 2,479,812 #* Motorcar Parts of America, Inc..................... 22,394 584,931 Movado Group, Inc.................................. 19,211 461,640 * Murphy USA, Inc.................................... 66,908 4,670,847 # NACCO Industries, Inc. Class A..................... 8,197 451,245 #* Nathan's Famous, Inc............................... 2,974 239,229 # National CineMedia, Inc............................ 64,081 922,766 * Nautilus, Inc...................................... 40,409 575,424 * Netflix, Inc....................................... 14,737 6,510,807 #* Nevada Gold & Casinos, Inc......................... 700 854 * New York & Co., Inc................................ 53,002 121,905 # New York Times Co. (The) Class A................... 131,448 1,654,930 Newell Rubbermaid, Inc............................. 142,092 5,238,932 * News Corp. Class A................................. 169,493 2,523,751 * News Corp. Class B................................. 76,093 1,098,783 # Nexstar Broadcasting Group, Inc. Class A........... 33,780 1,685,453 NIKE, Inc. Class B................................. 274,601 25,331,942 69 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Nobility Homes, Inc................................ 1,105 $ 10,387 Nordstrom, Inc..................................... 123,389 9,402,242 * Norwegian Cruise Line Holdings, Ltd................ 75,141 3,288,170 # Nutrisystem, Inc................................... 37,395 666,379 * NVR, Inc........................................... 3,541 4,441,228 * O'Reilly Automotive, Inc........................... 69,214 12,967,935 * Office Depot, Inc.................................. 725,686 5,515,214 # Omnicom Group, Inc................................. 163,222 11,882,562 #* Orbitz Worldwide, Inc.............................. 135,737 1,252,853 #* Outerwall, Inc..................................... 20,260 1,257,741 #* Overstock.com, Inc................................. 9,836 220,130 Oxford Industries, Inc............................. 18,146 1,015,087 #* P&F Industries, Inc. Class A....................... 504 3,830 #* Pacific Sunwear of California, Inc................. 44,547 122,504 #* Panera Bread Co. Class A........................... 23,917 4,110,376 Papa John's International, Inc..................... 42,717 2,710,821 #* Penn National Gaming, Inc.......................... 105,198 1,574,814 Penske Automotive Group, Inc....................... 116,735 5,644,137 * Pep Boys-Manny, Moe & Jack (The)................... 49,846 420,202 * Perfumania Holdings, Inc........................... 2,203 12,436 * Perry Ellis International, Inc..................... 13,637 326,061 # PetMed Express, Inc................................ 14,214 223,160 PetSmart, Inc...................................... 56,053 4,579,810 # Pier 1 Imports, Inc................................ 82,564 1,387,901 #* Pinnacle Entertainment, Inc........................ 36,695 776,099 # Polaris Industries, Inc............................ 42,836 6,193,657 Pool Corp.......................................... 45,551 2,833,728 * Popeyes Louisiana Kitchen, Inc..................... 24,886 1,428,954 * Priceline Group, Inc. (The)........................ 18,967 19,146,807 PulteGroup, Inc.................................... 204,214 4,204,766 PVH Corp........................................... 44,772 4,936,561 * QEP Co., Inc....................................... 352 6,266 #* Quiksilver, Inc.................................... 164,480 307,578 #* Radio One, Inc. Class D............................ 16,485 30,992 # Ralph Lauren Corp.................................. 35,942 5,998,360 #* RCI Hospitality Holdings, Inc...................... 7,842 76,460 #* Reading International, Inc. Class A................ 5,859 70,835 #* Red Lion Hotels Corp............................... 13,744 88,236 #* Red Robin Gourmet Burgers, Inc..................... 18,409 1,426,698 # Regal Entertainment Group Class A.................. 144,650 3,060,794 * Regis Corp......................................... 51,358 808,889 Remy International, Inc............................ 12,160 258,643 # Rent-A-Center, Inc................................. 88,792 3,043,790 #* Rentrak Corp....................................... 4,450 342,339 #* Restoration Hardware Holdings, Inc................. 39,288 3,438,879 Rocky Brands, Inc.................................. 5,087 69,743 Ross Stores, Inc................................... 135,898 12,463,206 Royal Caribbean Cruises, Ltd....................... 174,781 13,204,705 #* Ruby Tuesday, Inc.................................. 68,818 414,284 Ruth's Hospitality Group, Inc...................... 52,316 759,628 # Ryland Group, Inc. (The)........................... 39,522 1,586,808 # Saga Communications, Inc. Class A.................. 1,544 62,794 # Salem Communications Corp. Class A................. 12,181 84,902 70 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Sally Beauty Holdings, Inc......................... 173,104 $ 5,380,072 # Scholastic Corp.................................... 19,372 712,502 #* Scientific Games Corp. Class A..................... 76,458 902,969 # Scripps Networks Interactive, Inc. Class A......... 67,492 4,798,006 #* Sears Holdings Corp................................ 74,551 2,373,704 SeaWorld Entertainment, Inc........................ 7,940 139,029 #* Select Comfort Corp................................ 70,344 2,099,065 # Service Corp. International........................ 309,660 7,007,606 #* Shiloh Industries, Inc............................. 17,372 212,460 Shoe Carnival, Inc................................. 20,387 473,386 #* Shutterfly, Inc.................................... 33,334 1,462,363 Signet Jewelers, Ltd............................... 64,223 7,778,048 # Sinclair Broadcast Group, Inc. Class A............. 104,547 2,586,493 #* Sirius XM Holdings, Inc............................ 1,934,776 6,868,455 # Six Flags Entertainment Corp....................... 86,917 3,733,954 * Sizmek, Inc........................................ 27,927 166,445 #* Skechers U.S.A., Inc. Class A...................... 36,498 2,202,654 * Skullcandy, Inc.................................... 31,317 313,796 #* Skyline Corp....................................... 4,311 16,166 #* Smith & Wesson Holding Corp........................ 8,213 101,020 # Sonic Automotive, Inc. Class A..................... 53,620 1,320,661 Sonic Corp......................................... 62,894 1,903,801 # Sotheby's.......................................... 87,310 3,715,041 * Spanish Broadcasting System, Inc. Class A.......... 1,868 4,950 Spartan Motors, Inc................................ 27,734 144,494 # Speedway Motorsports, Inc.......................... 32,195 717,627 Stage Stores, Inc.................................. 52,560 1,051,200 Standard Motor Products, Inc....................... 26,939 982,196 #* Standard Pacific Corp.............................. 296,293 2,079,977 * Stanley Furniture Co., Inc......................... 8,749 25,897 # Staples, Inc....................................... 486,764 8,299,326 Starbucks Corp..................................... 359,217 31,442,264 Starwood Hotels & Resorts Worldwide, Inc........... 92,809 6,679,464 #* Starz.............................................. 100,881 2,978,007 * Starz Class B...................................... 2,392 71,186 Stein Mart, Inc.................................... 37,682 518,504 * Steiner Leisure, Ltd............................... 14,899 649,894 #* Steven Madden, Ltd................................. 85,648 2,941,152 #* Stoneridge, Inc.................................... 29,966 378,171 # Strattec Security Corp............................. 2,661 167,643 #* Strayer Education, Inc............................. 13,362 895,254 # Sturm Ruger & Co., Inc............................. 9,700 391,880 # Superior Industries International, Inc............. 21,344 389,528 Superior Uniform Group, Inc........................ 5,000 189,750 Sypris Solutions, Inc.............................. 12,624 30,234 #* Systemax, Inc...................................... 27,440 358,641 Tandy Leather Factory, Inc......................... 14,264 121,815 Target Corp........................................ 302,235 22,247,518 #* Taylor Morrison Home Corp. Class A................. 15,143 269,091 #* Tempur Sealy International, Inc.................... 56,369 3,101,986 #* Tenneco, Inc....................................... 62,873 3,232,930 #* Tesla Motors, Inc.................................. 35,679 7,264,244 # Texas Roadhouse, Inc............................... 88,668 2,978,358 71 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Thor Industries, Inc............................... 62,883 $ 3,543,457 Tiffany & Co....................................... 48,874 4,234,443 * Tilly's, Inc. Class A.............................. 4,300 59,082 Time Warner Cable, Inc............................. 96,502 13,136,817 Time Warner, Inc................................... 483,799 37,702,456 Time, Inc.......................................... 39,790 996,342 TJX Cos., Inc. (The)............................... 333,890 22,016,707 * Toll Brothers, Inc................................. 158,416 5,484,362 * Tower International, Inc........................... 24,589 582,022 # Town Sports International Holdings, Inc............ 17,552 115,492 # Tractor Supply Co.................................. 84,004 6,818,605 Trans World Entertainment Corp..................... 200 694 #* TRI Pointe Homes, Inc.............................. 21,799 312,380 * TripAdvisor, Inc................................... 64,669 4,333,470 * TRW Automotive Holdings Corp....................... 119,251 12,303,126 #* Tuesday Morning Corp............................... 27,700 490,290 #* Tumi Holdings, Inc................................. 73,671 1,670,122 # Tupperware Brands Corp............................. 44,341 2,997,895 Twenty-First Century Fox, Inc. Class A............. 523,443 17,357,370 Twenty-First Century Fox, Inc. Class B............. 169,346 5,393,670 * Ulta Salon Cosmetics & Fragrance, Inc.............. 32,623 4,304,279 #* Under Armour, Inc. Class A......................... 70,114 5,053,817 * Unifi, Inc......................................... 15,429 497,277 #* Universal Electronics, Inc......................... 18,256 1,163,637 Universal Technical Institute, Inc................. 16,908 138,138 #* UQM Technologies, Inc.............................. 12,948 12,302 #* Urban Outfitters, Inc.............................. 176,080 6,138,149 * US Auto Parts Network, Inc......................... 14,602 34,315 Vail Resorts, Inc.................................. 43,984 3,860,036 Value Line, Inc.................................... 2,920 44,296 VF Corp............................................ 124,525 8,638,299 Viacom, Inc. Class A............................... 7,238 469,312 Viacom, Inc. Class B............................... 160,007 10,307,651 * Visteon Corp....................................... 75,418 7,311,775 #* Vitamin Shoppe, Inc................................ 31,817 1,344,905 #* VOXX International Corp............................ 27,808 222,464 Walt Disney Co. (The).............................. 524,869 47,742,084 #* Weight Watchers International, Inc................. 38,632 639,746 # Wendy's Co. (The).................................. 476,252 5,019,696 #* West Marine, Inc................................... 17,350 208,200 # Weyco Group, Inc................................... 6,018 162,606 Whirlpool Corp..................................... 83,597 16,642,491 * William Lyon Homes Class A......................... 871 16,619 Williams-Sonoma, Inc............................... 99,711 7,802,386 # Winmark Corp....................................... 2,493 203,204 # Winnebago Industries, Inc.......................... 39,670 789,036 # Wolverine World Wide, Inc.......................... 118,399 3,332,932 Wyndham Worldwide Corp............................. 114,420 9,587,252 # Wynn Resorts, Ltd.................................. 31,740 4,695,933 Yum! Brands, Inc................................... 209,171 15,118,880 #* Zagg, Inc.......................................... 34,148 205,912 72 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) #* Zumiez, Inc....................................... 39,272 $ 1,464,453 -------------- Total Consumer Discretionary.......................... 1,763,152,827 -------------- Consumer Staples -- (7.2%) # Alico, Inc........................................ 6,442 306,253 * Alliance One International, Inc................... 82,516 86,642 Altria Group, Inc................................. 925,745 49,157,059 Andersons, Inc. (The)............................. 37,467 1,685,266 Archer-Daniels-Midland Co......................... 233,293 10,878,453 # Avon Products, Inc................................ 150,757 1,166,859 # B&G Foods, Inc.................................... 85,001 2,536,430 #* Boston Beer Co., Inc. (The) Class A............... 7,877 2,477,474 #* Boulder Brands, Inc............................... 52,929 530,878 * Bridgford Foods Corp.............................. 2,501 20,120 # Brown-Forman Corp. Class A........................ 18,798 1,667,759 Brown-Forman Corp. Class B........................ 63,597 5,651,865 Bunge, Ltd........................................ 80,696 7,224,713 # Cal-Maine Foods, Inc.............................. 51,938 1,820,427 # Calavo Growers, Inc............................... 17,836 715,402 # Campbell Soup Co.................................. 195,948 8,962,661 # Casey's General Stores, Inc....................... 61,923 5,653,570 * CCA Industries, Inc............................... 3,400 11,900 * Central Garden and Pet Co......................... 11,250 95,062 #* Central Garden and Pet Co. Class A................ 47,588 433,051 #* Chefs' Warehouse, Inc. (The)...................... 10,804 231,098 Church & Dwight Co., Inc.......................... 76,639 6,201,628 # Clorox Co. (The).................................. 81,828 8,731,866 # Coca-Cola Bottling Co. Consolidated............... 8,426 821,872 Coca-Cola Co. (The)............................... 1,576,552 64,906,646 Coca-Cola Enterprises, Inc........................ 226,430 9,532,703 #* Coffee Holding Co., Inc........................... 300 1,515 Colgate-Palmolive Co.............................. 426,897 28,824,085 ConAgra Foods, Inc................................ 278,582 9,870,160 * Constellation Brands, Inc. Class A................ 107,244 11,845,100 * Constellation Brands, Inc. Class B................ 3,160 358,613 Costco Wholesale Corp............................. 175,431 25,084,879 #* Craft Brew Alliance, Inc.......................... 13,966 166,195 #* Crimson Wine Group, Ltd........................... 15,327 137,943 CVS Health Corp................................... 522,255 51,264,551 * Darling Ingredients, Inc.......................... 193,157 3,279,806 # Dean Foods Co..................................... 104,150 1,887,198 #* Diamond Foods, Inc................................ 19,158 470,904 Dr Pepper Snapple Group, Inc...................... 111,211 8,593,274 Energizer Holdings, Inc........................... 47,755 6,113,117 Estee Lauder Cos., Inc. (The) Class A............. 106,305 7,504,070 #* Farmer Bros. Co................................... 17,939 536,555 # Flowers Foods, Inc................................ 222,889 4,359,709 # Fresh Del Monte Produce, Inc...................... 79,059 2,658,754 #* Fresh Market, Inc. (The).......................... 23,061 878,855 General Mills, Inc................................ 287,380 15,081,702 Golden Enterprises, Inc........................... 3,860 13,857 #* Hain Celestial Group, Inc. (The).................. 72,252 3,812,738 # Herbalife, Ltd.................................... 59,513 1,813,956 73 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Hershey Co. (The).................................. 67,817 $ 6,931,576 Hormel Foods Corp.................................. 104,785 5,367,088 # Ingles Markets, Inc. Class A....................... 18,632 794,655 Ingredion, Inc..................................... 101,824 8,211,087 Inter Parfums, Inc................................. 31,171 783,951 * Inventure Foods, Inc............................... 1,478 15,031 J&J Snack Foods Corp............................... 16,341 1,603,379 JM Smucker Co. (The)............................... 79,826 8,234,052 # John B. Sanfilippo & Son, Inc...................... 8,763 319,587 Kellogg Co......................................... 121,594 7,974,134 # Keurig Green Mountain, Inc......................... 47,520 5,824,051 Kimberly-Clark Corp................................ 174,520 18,841,179 Kraft Foods Group, Inc............................. 271,497 17,739,614 Kroger Co. (The)................................... 222,131 15,338,145 Lancaster Colony Corp.............................. 33,704 3,031,001 * Landec Corp........................................ 37,971 484,890 #* Lifeway Foods, Inc................................. 3,699 67,692 Limoneira Co....................................... 244 5,075 Lorillard, Inc..................................... 99,950 6,557,719 * Mannatech, Inc..................................... 740 13,838 McCormick & Co., Inc.(579780107)................... 3,498 250,929 # McCormick & Co., Inc.(579780206)................... 48,235 3,443,497 Mead Johnson Nutrition Co.......................... 100,447 9,893,025 #* Medifast, Inc...................................... 24,745 784,169 MGP Ingredients, Inc............................... 10,602 168,148 # Molson Coors Brewing Co. Class A................... 1,162 95,749 Molson Coors Brewing Co. Class B................... 95,331 7,238,483 Mondelez International, Inc. Class A............... 608,602 21,447,134 * Monster Beverage Corp.............................. 107,227 12,540,198 * National Beverage Corp............................. 34,376 747,334 * Natural Alternatives International, Inc............ 2,740 14,577 #* Natural Grocers by Vitamin Cottage, Inc............ 1,994 61,415 # Nature's Sunshine Products, Inc.................... 200 2,766 # Nu Skin Enterprises, Inc. Class A.................. 29,862 1,223,745 * Nutraceutical International Corp................... 9,876 192,977 # Oil-Dri Corp. of America........................... 4,211 128,941 * Omega Protein Corp................................. 30,582 322,334 # Orchids Paper Products Co.......................... 3,281 89,473 * Pantry, Inc. (The)................................. 38,039 1,403,639 PepsiCo, Inc....................................... 718,332 67,365,175 Philip Morris International, Inc................... 515,439 41,358,825 # Pilgrim's Pride Corp............................... 135,481 3,678,309 Pinnacle Foods, Inc................................ 75,512 2,716,167 #* Post Holdings, Inc................................. 43,983 2,078,197 # Pricesmart, Inc.................................... 34,488 2,820,429 * Primo Water Corp................................... 5,500 23,265 Procter & Gamble Co. (The)......................... 866,572 73,043,354 * Reliv International, Inc........................... 2,740 3,315 #* Revlon, Inc. Class A............................... 31,659 1,036,516 Reynolds American, Inc............................. 148,283 10,075,830 * Rite Aid Corp...................................... 755,659 5,274,500 Rocky Mountain Chocolate Factory, Inc.............. 3,966 53,739 # Sanderson Farms, Inc............................... 41,613 3,327,375 74 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) * Seaboard Corp...................................... 540 $ 2,065,495 * Seneca Foods Corp. Class A......................... 7,423 192,107 * Seneca Foods Corp. Class B......................... 1,493 52,636 # Snyder's-Lance, Inc................................ 71,048 2,066,786 SpartanNash Co..................................... 48,764 1,256,161 Spectrum Brands Holdings, Inc...................... 57,010 5,112,657 #* Sprouts Farmers Market, Inc........................ 95,269 3,468,744 #* SUPERVALU, Inc..................................... 326,688 3,181,941 # Sysco Corp......................................... 225,545 8,834,598 * Tofutti Brands, Inc................................ 456 2,417 # Tootsie Roll Industries, Inc....................... 25,812 805,076 #* TreeHouse Foods, Inc............................... 47,944 4,348,521 Tyson Foods, Inc. Class A.......................... 254,529 9,936,812 #* United Natural Foods, Inc.......................... 44,672 3,452,252 United-Guardian, Inc............................... 1,741 37,257 # Universal Corp..................................... 21,805 875,689 #* USANA Health Sciences, Inc......................... 9,599 941,086 # Vector Group, Ltd.................................. 72,979 1,633,270 Village Super Market, Inc. Class A................. 4,375 126,744 Wal-Mart Stores, Inc............................... 707,960 60,162,441 Walgreens Boots Alliance, Inc...................... 225,062 16,598,322 WD-40 Co........................................... 15,520 1,273,571 # Weis Markets, Inc.................................. 24,373 1,117,015 * WhiteWave Foods Co. (The) Class A.................. 162,623 5,361,680 Whole Foods Market, Inc............................ 174,802 9,106,310 ------------ Total Consumer Staples................................. 899,116,054 ------------ Energy -- (7.1%) #* Abraxas Petroleum Corp............................. 3,201 9,475 Adams Resources & Energy, Inc...................... 3,234 187,701 # Alon USA Energy, Inc............................... 96,596 1,166,880 #* Alpha Natural Resources, Inc....................... 222,776 231,687 Anadarko Petroleum Corp............................ 280,852 22,959,651 Apache Corp........................................ 163,758 10,246,338 #* Approach Resources, Inc............................ 32,109 201,323 # Arch Coal, Inc..................................... 182,324 169,069 # Atwood Oceanics, Inc............................... 70,909 2,026,579 Baker Hughes, Inc.................................. 160,344 9,298,349 * Barnwell Industries, Inc........................... 4,663 13,406 #* Basic Energy Services, Inc......................... 52,682 309,770 #* Bill Barrett Corp.................................. 51,882 529,196 #* Bonanza Creek Energy, Inc.......................... 66,703 1,739,614 # Bristow Group, Inc................................. 33,119 1,845,059 #* C&J Energy Services, Inc........................... 64,696 666,369 Cabot Oil & Gas Corp............................... 369,393 9,788,914 #* California Resources Corp.......................... 170,810 874,547 #* Callon Petroleum Co................................ 68,079 371,031 * Cameron International Corp......................... 183,483 8,216,369 # CARBO Ceramics, Inc................................ 21,127 692,543 * Carrizo Oil & Gas, Inc............................. 64,461 2,907,191 * Cheniere Energy, Inc............................... 139,133 9,931,314 # Chesapeake Energy Corp............................. 705,955 13,540,217 Chevron Corp....................................... 752,481 77,151,877 75 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) Cimarex Energy Co.................................. 99,200 $ 10,237,440 #* Clayton Williams Energy, Inc....................... 16,725 934,927 #* Clean Energy Fuels Corp............................ 54,100 225,597 #* Cloud Peak Energy, Inc............................. 70,350 477,677 #* Cobalt International Energy, Inc................... 123,680 1,127,962 # Comstock Resources, Inc............................ 44,876 181,299 * Concho Resources, Inc.............................. 98,310 10,897,663 ConocoPhillips..................................... 562,318 35,414,788 CONSOL Energy, Inc................................. 119,326 3,454,488 * Contango Oil & Gas Co.............................. 18,297 550,191 #* Continental Resources, Inc......................... 39,458 1,791,393 # Core Laboratories NV............................... 27,972 2,594,403 # CVR Energy, Inc.................................... 38,934 1,491,951 # Dawson Geophysical Co.............................. 8,468 91,370 Delek US Holdings, Inc............................. 76,136 2,348,796 # Denbury Resources, Inc............................. 341,290 2,354,901 Devon Energy Corp.................................. 146,034 8,801,469 # DHT Holdings, Inc.................................. 4,917 36,140 # Diamond Offshore Drilling, Inc..................... 111,452 3,514,082 * Diamondback Energy, Inc............................ 40,983 2,827,417 * Dresser-Rand Group, Inc............................ 71,667 5,739,093 * Dril-Quip, Inc..................................... 32,784 2,433,556 #* Emerald Oil, Inc................................... 63,636 52,372 # Energen Corp....................................... 63,880 4,051,270 # Energy XXI, Ltd.................................... 98,756 290,343 * ENGlobal Corp...................................... 13,200 23,760 EnLink Midstream LLC............................... 57,166 1,808,732 EOG Resources, Inc................................. 365,806 32,567,708 EQT Corp........................................... 58,848 4,380,645 * Era Group, Inc..................................... 25,906 583,403 * Escalera Resources Co.............................. 6,980 3,077 Evolution Petroleum Corp........................... 8,344 61,328 Exterran Holdings, Inc............................. 77,446 2,099,561 Exxon Mobil Corp................................... 2,003,943 175,184,697 * FieldPoint Petroleum Corp.......................... 4,233 7,662 * FMC Technologies, Inc.............................. 140,469 5,264,778 * Forum Energy Technologies, Inc..................... 36,427 562,797 # GasLog, Ltd........................................ 51,417 899,283 #* Gastar Exploration, Inc............................ 88,544 207,193 #* Geospace Technologies Corp......................... 10,281 246,538 #* Goodrich Petroleum Corp............................ 6,972 17,569 # Green Plains, Inc.................................. 42,179 987,410 * Gulf Coast Ultra Deep Royalty Trust................ 122,555 131,134 # Gulf Island Fabrication, Inc....................... 13,735 227,589 # Gulfmark Offshore, Inc. Class A.................... 29,608 584,166 * Gulfport Energy Corp............................... 64,790 2,493,767 #* Halcon Resources Corp.............................. 140,049 196,069 Halliburton Co..................................... 325,091 13,000,389 #* Harvest Natural Resources, Inc..................... 33,762 21,179 * Helix Energy Solutions Group, Inc.................. 135,544 2,544,161 # Helmerich & Payne, Inc............................. 94,023 5,600,010 #* Hercules Offshore, Inc............................. 135,628 97,652 # Hess Corp.......................................... 113,175 7,638,181 76 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) * HKN, Inc........................................... 239 $ 12,785 HollyFrontier Corp................................. 155,646 5,590,804 #* Hornbeck Offshore Services, Inc.................... 38,647 857,963 #* ION Geophysical Corp............................... 152,746 343,679 * Key Energy Services, Inc........................... 180,687 303,554 # Kinder Morgan, Inc................................. 876,354 35,974,332 * Kosmos Energy, Ltd................................. 202,747 1,778,091 #* Laredo Petroleum Holdings, Inc..................... 144,563 1,418,163 # LinnCo LLC......................................... 108,620 1,122,045 Marathon Oil Corp.................................. 367,288 9,769,861 Marathon Petroleum Corp............................ 156,971 14,533,945 #* Matador Resources Co............................... 70,168 1,512,822 * Matrix Service Co.................................. 31,741 609,427 #* McDermott International, Inc....................... 205,264 461,844 * Mexco Energy Corp.................................. 684 3,170 #* Miller Energy Resources, Inc....................... 1,630 1,907 * Mitcham Industries, Inc............................ 11,460 64,291 Murphy Oil Corp.................................... 108,896 4,890,519 Nabors Industries, Ltd............................. 350,903 4,038,894 National Oilwell Varco, Inc........................ 160,701 8,746,955 #* Natural Gas Services Group, Inc.................... 11,371 229,580 * Newfield Exploration Co............................ 175,506 5,226,569 #* Newpark Resources, Inc............................. 105,948 915,391 # Noble Corp. P.L.C.................................. 205,127 3,327,160 Noble Energy, Inc.................................. 148,606 7,094,450 #* Nordic American Offshore, Ltd...................... 255 2,869 # Nordic American Tankers, Ltd....................... 29,510 298,641 #* Northern Oil and Gas, Inc.......................... 74,420 467,358 #* Nuverra Environmental Solutions, Inc............... 16,662 37,156 #* Oasis Petroleum, Inc............................... 136,548 1,835,205 Occidental Petroleum Corp.......................... 408,792 32,703,360 Oceaneering International, Inc..................... 82,252 4,306,715 * Oil States International, Inc...................... 78,683 3,231,511 ONEOK, Inc......................................... 128,482 5,657,062 #* Overseas Shipholding Group, Inc.................... 19,258 98,216 # Panhandle Oil and Gas, Inc. Class A................ 18,254 382,239 # Paragon Offshore P.L.C............................. 68,375 142,904 #* Parker Drilling Co................................. 129,468 350,858 Patterson-UTI Energy, Inc.......................... 185,277 3,179,353 PBF Energy, Inc. Class A........................... 99,227 2,788,279 * PDC Energy, Inc.................................... 41,841 1,922,176 # Peabody Energy Corp................................ 236,569 1,473,825 #* Penn Virginia Corp................................. 95,262 464,879 * PetroQuest Energy, Inc............................. 100,726 295,127 #* PHI, Inc. Non-Voting............................... 10,655 364,508 * PHI, Inc. Voting................................... 2,247 77,027 Phillips 66........................................ 193,348 13,596,231 * Pioneer Energy Services Corp....................... 54,296 224,785 Pioneer Natural Resources Co....................... 41,423 6,235,404 QEP Resources, Inc................................. 224,471 4,538,804 # Range Resources Corp............................... 80,156 3,708,818 #* Renewable Energy Group, Inc........................ 37,602 328,641 #* REX American Resources Corp........................ 7,500 416,325 77 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) #* Rex Energy Corp.................................... 63,446 $ 224,599 #* RigNet, Inc........................................ 10,885 372,485 #* Rosetta Resources, Inc............................. 81,505 1,391,290 # Rowan Cos. P.L.C. Class A.......................... 128,142 2,706,359 * Royale Energy, Inc................................. 400 708 # RPC, Inc........................................... 164,035 2,045,516 #* Sanchez Energy Corp................................ 2,262 25,199 #* SandRidge Energy, Inc.............................. 662,821 934,578 Schlumberger, Ltd.................................. 396,427 32,661,621 # Scorpio Tankers, Inc............................... 207,911 1,636,260 #* SEACOR Holdings, Inc............................... 24,795 1,784,000 SemGroup Corp. Class A............................. 40,763 2,744,573 #* Seventy Seven Energy, Inc.......................... 38,522 152,162 # Ship Finance International, Ltd.................... 85,877 1,192,832 # SM Energy Co....................................... 94,705 3,581,743 #* Southwestern Energy Co............................. 460,704 11,420,852 # Spectra Energy Corp................................ 206,997 6,921,980 * Steel Excel, Inc................................... 6,102 146,082 #* Stone Energy Corp.................................. 68,909 970,239 Superior Energy Services, Inc...................... 170,693 3,413,860 #* Swift Energy Co.................................... 31,634 67,380 #* Synergy Resources Corp............................. 91,187 1,115,217 * Synthesis Energy Systems, Inc...................... 27,753 19,621 Targa Resources Corp............................... 39,280 3,410,682 # Teekay Corp........................................ 97,003 4,106,137 # Tesco Corp......................................... 52,121 533,719 Tesoro Corp........................................ 146,895 12,005,728 #* TETRA Technologies, Inc............................ 97,678 482,529 * TGC Industries, Inc................................ 14,420 28,840 # Tidewater, Inc..................................... 60,688 1,775,731 # Transocean, Ltd.................................... 223,773 3,647,500 #* Triangle Petroleum Corp............................ 101,041 530,465 #* Ultra Petroleum Corp............................... 141,456 1,803,564 #* Unit Corp.......................................... 57,869 1,723,339 #* Uranium Energy Corp................................ 21,851 27,751 #* Uranium Resources, Inc............................. 685 1,223 # US Silica Holdings, Inc............................ 49,746 1,253,599 #* Vaalco Energy, Inc................................. 93,901 520,212 Valero Energy Corp................................. 262,913 13,902,839 # W&T Offshore, Inc.................................. 91,888 464,953 #* Warren Resources, Inc.............................. 84,791 89,031 #* Weatherford International P.L.C.................... 621,232 6,417,327 # Western Refining, Inc.............................. 183,028 6,795,830 * Westmoreland Coal Co............................... 17,932 467,667 * Whiting Petroleum Corp............................. 190,272 5,711,965 * Willbros Group, Inc................................ 54,889 306,281 Williams Cos., Inc. (The).......................... 194,422 8,527,349 # World Fuel Services Corp........................... 69,160 3,386,765 * WPX Energy, Inc.................................... 248,918 2,653,466 * Yuma Energy, Inc................................... 2,104 3,493 78 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) * Zion Oil & Gas, Inc................................ 4,585 $ 6,878 ------------ Total Energy........................................... 888,505,991 ------------ Financials -- (12.7%) * 1st Constitution Bancorp........................... 1,373 15,103 # 1st Source Corp.................................... 26,747 795,188 * A-Mark Precious Metals, Inc........................ 96 1,003 Access National Corp............................... 4,884 87,228 ACE, Ltd........................................... 117,992 12,738,416 * Affiliated Managers Group, Inc..................... 28,541 5,865,746 Aflac, Inc......................................... 170,449 9,729,229 Alexander & Baldwin, Inc........................... 71,827 2,748,101 * Alleghany Corp..................................... 11,012 4,868,295 Alliance Bancorp, Inc. of Pennsylvania............. 1,546 26,993 Allied World Assurance Co. Holdings AG............. 107,031 4,138,889 Allstate Corp. (The)............................... 165,705 11,564,552 #* Altisource Asset Management Corp................... 909 145,440 #* Altisource Portfolio Solutions SA.................. 18,312 371,367 #* Ambac Financial Group, Inc......................... 10,377 253,718 Ameriana Bancorp................................... 456 7,946 American Equity Investment Life Holding Co......... 126,320 3,222,423 American Express Co................................ 452,814 36,537,562 American Financial Group, Inc...................... 92,794 5,385,764 * American Independence Corp......................... 371 4,114 American International Group, Inc.................. 512,532 25,047,439 # American National Bankshares, Inc.................. 3,768 81,087 American National Insurance Co..................... 20,046 2,085,586 * American River Bankshares.......................... 2,192 21,657 o* American Spectrum Realty, Inc...................... 642 404 Ameriprise Financial, Inc.......................... 111,264 13,901,324 Ameris Bancorp..................................... 35,147 848,097 AMERISAFE, Inc..................................... 23,828 969,800 AmeriServ Financial, Inc........................... 8,436 25,224 # Amtrust Financial Services, Inc.................... 100,013 5,062,658 Aon P.L.C.......................................... 84,747 7,631,467 * Arch Capital Group, Ltd............................ 90,826 5,265,183 Argo Group International Holdings, Ltd............. 26,125 1,397,426 Arrow Financial Corp............................... 10,623 271,630 Arthur J Gallagher & Co............................ 69,673 3,095,571 # Artisan Partners Asset Management, Inc. Class A.... 32,784 1,582,484 Aspen Insurance Holdings, Ltd...................... 94,552 4,095,993 # Associated Banc-Corp............................... 254,483 4,277,859 Assurant, Inc...................................... 79,526 5,050,696 Assured Guaranty, Ltd.............................. 191,465 4,675,575 * Asta Funding, Inc.................................. 9,299 78,949 # Astoria Financial Corp............................. 168,561 2,061,501 Atlantic American Corp............................. 2,737 10,921 #* Atlantic Coast Financial Corp...................... 945 3,667 #* Atlanticus Holdings Corp........................... 14,132 36,178 Auburn National Bancorporation, Inc................ 335 7,873 #* AV Homes, Inc...................................... 8,825 132,287 Axis Capital Holdings, Ltd......................... 110,926 5,646,133 # Baldwin & Lyons, Inc. Class A...................... 638 15,089 79 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Baldwin & Lyons, Inc. Class B...................... 8,934 $ 206,375 # Banc of California, Inc............................ 9,411 96,463 # Bancfirst Corp..................................... 14,957 862,421 #* Bancorp, Inc. (The)................................ 38,456 327,645 # BancorpSouth, Inc.................................. 148,885 2,955,367 Bank Mutual Corp................................... 38,610 245,946 Bank of America Corp............................... 3,935,388 59,621,128 Bank of Commerce Holdings.......................... 6,357 36,235 # Bank of Hawaii Corp................................ 48,108 2,716,178 Bank of Kentucky Financial Corp (The).............. 2,404 106,834 Bank of New York Mellon Corp. (The)................ 400,957 14,434,452 # Bank of the Ozarks, Inc............................ 79,659 2,583,341 # BankFinancial Corp................................. 14,549 164,549 BankUnited, Inc.................................... 105,382 2,914,866 Banner Corp........................................ 32,701 1,320,466 Bar Harbor Bankshares.............................. 3,463 106,314 BB&T Corp.......................................... 243,687 8,599,714 # BBCN Bancorp, Inc.................................. 124,248 1,609,012 * BBX Capital Corp. Class A.......................... 1,011 14,296 BCB Bancorp, Inc................................... 4,090 47,485 #* Bear State Financial, Inc.......................... 2,492 26,963 * Beneficial Bancorp, Inc............................ 76,022 820,277 Berkshire Bancorp, Inc............................. 1,000 8,600 * Berkshire Hathaway, Inc. Class B................... 615,911 88,635,752 Berkshire Hills Bancorp, Inc....................... 30,708 764,629 BGC Partners, Inc. Class A......................... 321,727 2,519,122 BlackRock, Inc..................................... 45,438 15,472,093 # BNC Bancorp........................................ 160 2,557 #* BofI Holding, Inc.................................. 19,727 1,664,170 # BOK Financial Corp................................. 60,241 3,259,641 # Boston Private Financial Holdings, Inc............. 112,069 1,232,759 Bridge Bancorp, Inc................................ 2,089 51,557 * Bridge Capital Holdings............................ 4,396 96,053 Brookline Bancorp, Inc............................. 102,706 985,978 Brown & Brown, Inc................................. 166,974 5,151,148 * Brunswick Bancorp.................................. 40 184 Bryn Mawr Bank Corp................................ 13,569 395,536 C&F Financial Corp................................. 721 25,444 Calamos Asset Management, Inc. Class A............. 19,363 243,006 California First National Bancorp.................. 2,970 40,986 # Camden National Corp............................... 7,297 271,157 # Cape Bancorp, Inc.................................. 4,558 39,336 * Capital Bank Financial Corp. Class A............... 2,308 56,361 # Capital City Bank Group, Inc....................... 11,641 174,615 Capital One Financial Corp......................... 213,454 15,626,967 * Capital Properties, Inc. Class A................... 600 6,966 # Capitol Federal Financial, Inc..................... 199,116 2,480,985 Cardinal Financial Corp............................ 46,541 828,895 * Carolina Bank Holdings, Inc........................ 900 8,820 * Cascade Bancorp.................................... 19,485 90,021 # Cash America International, Inc.................... 49,649 1,032,699 Cathay General Bancorp............................. 130,343 3,113,894 CBOE Holdings, Inc................................. 83,139 5,359,971 80 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) * CBRE Group, Inc. Class A........................... 169,818 $ 5,491,914 Centerstate Banks, Inc............................. 25,723 283,210 # Central Pacific Financial Corp..................... 17,496 367,066 # Century Bancorp, Inc. Class A...................... 1,596 61,893 Charles Schwab Corp. (The)......................... 274,921 7,142,448 Charter Financial Corp............................. 1,777 19,902 Chemical Financial Corp............................ 33,331 945,267 # Chicopee Bancorp, Inc.............................. 3,096 50,960 Chubb Corp. (The).................................. 80,089 7,840,713 # Cincinnati Financial Corp.......................... 107,078 5,408,510 CIT Group, Inc..................................... 96,755 4,239,804 Citigroup, Inc..................................... 1,131,411 53,119,746 Citizens Community Bancorp, Inc.................... 1,650 15,040 Citizens Holding Co................................ 772 14,375 #* Citizens, Inc...................................... 39,312 283,833 # City Holding Co.................................... 17,780 752,627 City National Corp................................. 55,479 4,809,475 CKX Lands, Inc..................................... 743 11,190 # Clifton Bancorp, Inc............................... 22,332 296,122 CME Group, Inc..................................... 111,791 9,535,772 CNA Financial Corp................................. 124,831 4,863,416 # CNB Financial Corp................................. 8,185 139,145 CNO Financial Group, Inc........................... 184,317 2,860,600 # CoBiz Financial, Inc............................... 41,318 450,366 Codorus Valley Bancorp, Inc........................ 1,761 35,343 # Cohen & Steers, Inc................................ 15,317 644,539 * Colonial Financial Services, Inc................... 1,300 17,232 * Colony Bankcorp, Inc............................... 1,337 9,974 Columbia Banking System, Inc....................... 82,405 2,095,559 Comerica, Inc...................................... 101,026 4,192,579 # Commerce Bancshares, Inc........................... 111,966 4,478,640 Commercial National Financial Corp................. 847 18,761 Community Bank Shares of Indiana, Inc.............. 140 3,783 # Community Bank System, Inc......................... 57,134 1,921,416 * Community Bankers Trust Corp....................... 5,562 24,250 # Community Trust Bancorp, Inc....................... 19,884 627,937 Community West Bancshares.......................... 1,844 12,447 * CommunityOne Bancorp............................... 1 10 ConnectOne Bancorp, Inc............................ 14,278 262,715 # Consolidated-Tomoka Land Co........................ 5,268 287,369 * Consumer Portfolio Services, Inc................... 11,333 63,465 #* Cowen Group, Inc. Class A.......................... 121,371 504,903 # Crawford & Co. Class A............................. 18,114 140,384 # Crawford & Co. Class B............................. 19,531 182,615 #* Credit Acceptance Corp............................. 22,410 3,532,712 # Cullen/Frost Bankers, Inc.......................... 63,737 3,970,815 * Customers Bancorp, Inc............................. 1,742 34,230 # CVB Financial Corp................................. 117,067 1,710,349 # Diamond Hill Investment Group, Inc................. 1,277 166,087 Dime Community Bancshares, Inc..................... 59,998 885,570 Discover Financial Services........................ 240,682 13,088,287 Donegal Group, Inc. Class A........................ 18,939 302,835 Donegal Group, Inc. Class B........................ 2,147 50,079 81 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) * Doral Financial Corp............................... 199 $ 573 * E*TRADE Financial Corp............................. 228,350 5,263,467 Eagle Bancorp Montana, Inc......................... 566 6,192 * Eagle Bancorp, Inc................................. 1,123 38,407 East West Bancorp, Inc............................. 165,999 6,005,844 * Eastern Virginia Bankshares, Inc................... 851 5,319 # Eaton Vance Corp................................... 115,918 4,665,699 #* eHealth, Inc....................................... 11,143 114,104 # EMC Insurance Group, Inc........................... 10,245 330,504 Employers Holdings, Inc............................ 38,557 801,986 #* Encore Capital Group, Inc.......................... 31,447 1,170,457 Endurance Specialty Holdings, Ltd.................. 69,394 4,241,361 * Enova International, Inc........................... 36,415 700,989 #* Enstar Group, Ltd.................................. 14,043 1,895,384 # Enterprise Bancorp, Inc............................ 3,680 75,256 Enterprise Financial Services Corp................. 14,188 271,133 Erie Indemnity Co. Class A......................... 41,411 3,588,677 # ESB Financial Corp................................. 8,890 148,552 ESSA Bancorp, Inc.................................. 8,794 106,847 Evans Bancorp, Inc................................. 1,219 28,829 # EverBank Financial Corp............................ 7,814 136,354 Evercore Partners, Inc. Class A.................... 47,814 2,288,856 Everest Re Group, Ltd.............................. 38,478 6,594,360 #* Ezcorp, Inc. Class A............................... 74,971 772,951 * Farmers Capital Bank Corp.......................... 1,933 43,183 # FBL Financial Group, Inc. Class A.................. 22,739 1,186,748 Federal Agricultural Mortgage Corp. Class A........ 773 17,586 Federal Agricultural Mortgage Corp. Class C........ 9,466 260,788 # Federated Investors, Inc. Class B.................. 153,220 4,843,284 Federated National Holding Co...................... 24,688 718,668 Fidelity Southern Corp............................. 6,371 97,413 Fifth Third Bancorp................................ 562,776 9,736,025 # Financial Engines, Inc............................. 9,992 358,713 Financial Institutions, Inc........................ 11,282 248,542 * First Acceptance Corp.............................. 9,100 21,203 # First American Financial Corp...................... 108,431 3,688,823 o First Bancorp of Indiana, Inc...................... 96 1,476 # First Bancorp, Inc................................. 5,920 98,154 * First BanCorp.(318672706).......................... 68,272 374,813 First Bancorp.(318910106).......................... 13,598 225,727 * First Bancshares, Inc.............................. 200 1,408 First Bancshares, Inc. (The)....................... 237 3,306 First Busey Corp................................... 92,286 568,482 # First Business Financial Services, Inc............. 1,081 47,315 #* First Cash Financial Services, Inc................. 37,564 1,867,682 First Citizens BancShares, Inc. Class A............ 7,495 1,829,155 First Commonwealth Financial Corp.................. 155,636 1,227,968 First Community Bancshares, Inc.................... 15,359 240,983 First Defiance Financial Corp...................... 7,949 242,127 First Federal of Northern Michigan Bancorp, Inc.... 200 1,166 First Financial Bancorp............................ 84,089 1,389,150 # First Financial Bankshares, Inc.................... 42,062 1,038,931 # First Financial Corp............................... 12,483 404,574 82 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) First Financial Northwest, Inc..................... 12,837 $ 153,916 # First Horizon National Corp........................ 288,872 3,752,447 First Interstate Bancsystem, Inc................... 31,783 759,614 #* First Marblehead Corp. (The)....................... 5,889 34,215 First Merchants Corp............................... 39,114 854,250 First Midwest Bancorp, Inc......................... 113,862 1,753,475 * First NBC Bank Holding Co.......................... 1,393 43,127 # First Niagara Financial Group, Inc................. 410,201 3,330,832 o* First Place Financial Corp......................... 9,209 1 # First Republic Bank................................ 100,844 5,134,976 First South Bancorp, Inc........................... 4,572 36,347 * First United Corp.................................. 1,938 16,454 # First West Virginia Bancorp........................ 266 5,833 # FirstMerit Corp.................................... 172,061 2,819,219 * Flagstar Bancorp, Inc.............................. 52,474 745,656 # Flushing Financial Corp............................ 42,433 768,037 # FNB Corp........................................... 230,325 2,763,900 FNF Group.......................................... 204,074 7,162,997 * FNFV Group......................................... 68,017 843,411 * Forest City Enterprises, Inc. Class A.............. 179,773 4,404,438 * Forest City Enterprises, Inc. Class B.............. 4,615 113,160 #* Forestar Group, Inc................................ 49,243 653,455 Fox Chase Bancorp, Inc............................. 11,006 178,737 Franklin Resources, Inc............................ 133,585 6,883,635 #* FRP Holdings, Inc.................................. 4,366 158,049 Fulton Financial Corp.............................. 297,524 3,317,393 # FXCM, Inc. Class A................................. 34,906 76,793 # Gain Capital Holdings, Inc......................... 44,593 363,433 * GAINSCO, Inc....................................... 513 5,345 # GAMCO Investors, Inc. Class A...................... 8,135 664,223 * Genworth Financial, Inc. Class A................... 468,405 3,269,467 # German American Bancorp, Inc....................... 10,089 282,492 GFI Group, Inc..................................... 116,588 654,059 Glacier Bancorp, Inc............................... 79,414 1,768,550 #* Global Indemnity P.L.C............................. 14,009 367,596 Goldman Sachs Group, Inc. (The).................... 160,021 27,589,221 # Great Southern Bancorp, Inc........................ 14,430 521,212 * Green Dot Corp. Class A............................ 56,901 867,740 # Greenhill & Co., Inc............................... 36,984 1,363,970 * Greenlight Capital Re, Ltd. Class A................ 41,614 1,307,096 # Griffin Land & Nurseries, Inc...................... 2,756 81,688 # Guaranty Bancorp................................... 1,480 19,802 Guaranty Federal Bancshares, Inc................... 909 13,408 * Hallmark Financial Services, Inc................... 13,444 148,422 Hampden Bancorp, Inc............................... 818 16,434 Hancock Holding Co................................. 96,544 2,520,764 Hanmi Financial Corp............................... 53,088 1,054,328 # Hanover Insurance Group, Inc. (The)................ 65,609 4,527,021 Harleysville Savings Financial Corp................ 1,916 34,105 Hartford Financial Services Group, Inc. (The)...... 304,687 11,852,324 Hawthorn Bancshares, Inc........................... 1,277 18,172 HCC Insurance Holdings, Inc........................ 104,750 5,587,365 # HCI Group, Inc..................................... 22,592 1,043,976 83 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Heartland Financial USA, Inc....................... 16,006 $ 442,086 # Heritage Commerce Corp............................. 19,954 166,815 # Heritage Financial Corp............................ 25,911 402,139 Heritage Financial Group, Inc...................... 4,012 96,168 HF Financial Corp.................................. 1,948 28,071 HFF, Inc. Class A.................................. 34,813 1,182,598 * Hilltop Holdings, Inc.............................. 112,730 2,046,049 Hingham Institution for Savings.................... 458 40,304 * HMN Financial, Inc................................. 989 12,105 Home Bancorp, Inc.................................. 4,739 103,689 # Home BancShares, Inc............................... 57,188 1,693,909 * HomeTrust Bancshares, Inc.......................... 338 5,222 HopFed Bancorp, Inc................................ 1,211 15,997 Horace Mann Educators Corp......................... 47,021 1,432,730 Horizon Bancorp.................................... 1,500 33,570 * Howard Hughes Corp. (The).......................... 40,962 5,350,866 Hudson City Bancorp, Inc........................... 416,419 3,735,278 Hudson Valley Holding Corp......................... 12,778 315,233 Huntington Bancshares, Inc......................... 693,834 6,952,217 Iberiabank Corp.................................... 51,770 2,827,160 # Independence Holding Co............................ 8,496 107,984 # Independent Bank Corp.(453836108).................. 30,505 1,154,004 Independent Bank Corp.(453838609).................. 3,800 46,740 # Independent Bank Group, Inc........................ 300 9,363 Infinity Property & Casualty Corp.................. 7,832 550,355 # Interactive Brokers Group, Inc. Class A............ 90,922 2,784,941 Intercontinental Exchange, Inc..................... 38,250 7,869,172 * InterGroup Corp. (The)............................. 200 3,616 International Bancshares Corp...................... 81,829 1,841,971 Intervest Bancshares Corp. Class A................. 15,492 152,596 #* INTL. FCStone, Inc................................. 17,485 337,111 Invesco, Ltd....................................... 262,079 9,626,162 * Investment Technology Group, Inc................... 49,078 1,018,368 # Investors Bancorp, Inc............................. 364,539 4,013,574 Investors Title Co................................. 1,022 73,318 # Janus Capital Group, Inc........................... 197,552 3,465,062 JMP Group, Inc..................................... 15,902 121,332 Jones Lang LaSalle, Inc............................ 43,037 6,329,882 JPMorgan Chase & Co................................ 1,469,227 79,896,564 * KCG Holdings, Inc. Class A......................... 14,533 177,739 #* Kearny Financial Corp.............................. 44,060 572,780 # Kemper Corp........................................ 84,602 2,953,456 Kennedy-Wilson Holdings, Inc....................... 81,079 2,155,891 Kentucky First Federal Bancorp..................... 936 7,694 KeyCorp............................................ 453,013 5,884,639 #* Ladenburg Thalmann Financial Services, Inc......... 23,786 90,625 Lake Shore Bancorp, Inc............................ 125 1,641 Lakeland Bancorp, Inc.............................. 27,316 294,740 # Lakeland Financial Corp............................ 18,745 707,436 Landmark Bancorp, Inc.............................. 1,256 26,376 LegacyTexas Financial Group, Inc................... 42,396 840,289 Legg Mason, Inc.................................... 129,555 7,182,529 #* LendingTree, Inc................................... 8,606 354,395 84 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Leucadia National Corp............................. 207,439 $ 4,702,642 Lincoln National Corp.............................. 142,060 7,100,159 LNB Bancorp, Inc................................... 6,277 109,220 Loews Corp......................................... 174,629 6,681,306 Louisiana Bancorp, Inc............................. 2,100 44,856 # LPL Financial Holdings, Inc........................ 166,938 6,869,499 # M&T Bank Corp...................................... 64,812 7,334,126 # Macatawa Bank Corp................................. 19,394 102,206 * Magyar Bancorp, Inc................................ 211 1,751 # Maiden Holdings, Ltd............................... 103,389 1,292,362 MainSource Financial Group, Inc.................... 15,803 303,418 * Malvern Bancorp, Inc............................... 134 1,601 Manning & Napier, Inc.............................. 2,618 28,039 * Markel Corp........................................ 10,316 7,049,542 # MarketAxess Holdings, Inc.......................... 31,324 2,379,684 Marlin Business Services Corp...................... 11,172 179,311 Marsh & McLennan Cos., Inc......................... 166,248 8,939,155 * Maui Land & Pineapple Co., Inc..................... 2,542 16,040 # MB Financial, Inc.................................. 103,499 2,940,407 * MBIA, Inc.......................................... 295,593 2,370,656 * MBT Financial Corp................................. 4,170 21,392 McGraw Hill Financial, Inc......................... 127,717 11,423,008 Meadowbrook Insurance Group, Inc................... 46,825 388,648 # Mercantile Bank Corp............................... 7,802 148,238 Merchants Bancshares, Inc.......................... 4,638 124,159 Mercury General Corp............................... 58,723 3,356,019 #* Meridian Bancorp, Inc.............................. 40,830 474,036 Meta Financial Group, Inc.......................... 1,310 43,846 MetLife, Inc....................................... 346,447 16,109,785 * Metro Bancorp, Inc................................. 10,574 269,214 #* MGIC Investment Corp............................... 152,142 1,296,250 Mid Penn Bancorp, Inc.............................. 497 7,704 # MidSouth Bancorp, Inc.............................. 5,731 79,890 # MidWestOne Financial Group, Inc.................... 3,102 86,918 # Montpelier Re Holdings, Ltd........................ 46,585 1,636,531 Moody's Corp....................................... 133,485 12,191,185 Morgan Stanley..................................... 529,318 17,896,242 * MSB Financial Corp................................. 339 3,583 MSCI, Inc.......................................... 127,075 6,839,176 MutualFirst Financial, Inc......................... 2,798 61,248 NASDAQ OMX Group, Inc. (The)....................... 114,064 5,201,318 National Bank Holdings Corp. Class A............... 7,067 130,386 # National Interstate Corp........................... 14,597 376,165 National Penn Bancshares, Inc...................... 228,127 2,212,832 National Security Group, Inc. (The)................ 312 4,134 National Western Life Insurance Co. Class A........ 1,427 340,183 #* Nationstar Mortgage Holdings, Inc.................. 12,405 318,933 #* Naugatuck Valley Financial Corp.................... 610 5,289 Navient Corp....................................... 362,588 7,157,487 * Navigators Group, Inc. (The)....................... 17,822 1,322,749 # NBT Bancorp, Inc................................... 51,196 1,178,020 Nelnet, Inc. Class A............................... 42,502 1,859,037 # New Hampshire Thrift Bancshares, Inc............... 3,306 50,152 85 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # New York Community Bancorp, Inc.................... 230,819 $ 3,566,154 #* NewBridge Bancorp.................................. 8,957 70,223 #* NewStar Financial, Inc............................. 38,956 411,765 * Nicholas Financial, Inc............................ 4,022 57,233 Northeast Bancorp.................................. 59 530 Northeast Community Bancorp, Inc................... 3,456 23,985 Northern Trust Corp................................ 159,280 10,413,726 # Northfield Bancorp, Inc............................ 70,228 1,011,283 Northrim BanCorp, Inc.............................. 3,902 80,888 NorthStar Asset Management Group, Inc.............. 59,864 1,267,321 Northwest Bancshares, Inc.......................... 158,793 1,873,757 # Norwood Financial Corp............................. 991 29,671 # Ocean Shore Holding Co............................. 3,964 56,011 OceanFirst Financial Corp.......................... 16,231 262,942 #* Ocwen Financial Corp............................... 106,268 650,360 # OFG Bancorp........................................ 61,240 985,964 Ohio Valley Banc Corp.............................. 1,110 26,640 Old Line Bancshares, Inc........................... 600 8,664 Old National Bancorp............................... 170,021 2,279,982 Old Republic International Corp.................... 262,656 3,687,690 * Old Second Bancorp, Inc............................ 4,388 23,871 OneBeacon Insurance Group, Ltd. Class A............ 29,391 464,672 Oppenheimer Holdings, Inc. Class A................. 8,464 167,164 # Oritani Financial Corp............................. 74,002 1,044,168 Pacific Continental Corp........................... 15,394 194,580 * Pacific Mercantile Bancorp......................... 7,453 51,053 #* Pacific Premier Bancorp, Inc....................... 2,700 40,122 # PacWest Bancorp.................................... 102,663 4,389,357 # Park National Corp................................. 12,868 1,034,716 Park Sterling Corp................................. 20,322 136,157 PartnerRe, Ltd..................................... 58,064 6,642,522 * Patriot National Bancorp, Inc...................... 500 860 # Peapack Gladstone Financial Corp................... 6,688 119,247 # Penns Woods Bancorp, Inc........................... 3,034 134,740 # People's United Financial, Inc..................... 334,855 4,711,410 Peoples Bancorp.................................... 470 11,398 Peoples Bancorp of North Carolina, Inc............. 2,042 36,817 # Peoples Bancorp, Inc............................... 9,279 212,025 #* PHH Corp........................................... 53,569 1,336,011 * Phoenix Cos., Inc. (The)........................... 4,663 289,246 * PICO Holdings, Inc................................. 22,220 355,298 Pinnacle Financial Partners, Inc................... 40,469 1,454,456 * Piper Jaffray Cos.................................. 12,428 634,449 Platinum Underwriters Holdings, Ltd................ 29,146 2,151,849 PNC Financial Services Group, Inc. (The)........... 188,580 15,942,553 * Popular, Inc....................................... 104,155 3,211,099 #* PRA Group, Inc..................................... 67,479 3,341,560 Preferred Bank..................................... 1,261 32,925 Premier Financial Bancorp, Inc..................... 2,911 43,170 Primerica, Inc..................................... 65,720 3,262,341 Principal Financial Group, Inc..................... 203,236 9,537,865 PrivateBancorp, Inc................................ 85,098 2,581,873 ProAssurance Corp.................................. 65,787 2,918,969 86 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Progressive Corp. (The)............................ 555,258 $14,408,945 Prosperity Bancshares, Inc......................... 69,859 3,198,844 Protective Life Corp............................... 83,805 5,862,160 Provident Financial Holdings, Inc.................. 6,264 97,217 Provident Financial Services, Inc.................. 75,114 1,303,979 Prudential Bancorp, Inc............................ 2,842 34,587 Prudential Financial, Inc.......................... 160,970 12,214,404 * PSB Holdings, Inc.................................. 1,100 8,294 Pulaski Financial Corp............................. 7,180 85,442 Pzena Investment Management, Inc. Class A.......... 8,560 69,593 QC Holdings, Inc................................... 8,157 13,826 QCR Holdings, Inc.................................. 1,185 20,856 # Radian Group, Inc.................................. 100,718 1,587,316 Raymond James Financial, Inc....................... 105,086 5,529,625 # RCS Capital Corp. Class A.......................... 25,817 243,454 * Realogy Holdings Corp.............................. 142,461 6,624,436 Regions Financial Corp............................. 656,447 5,711,089 Reinsurance Group of America, Inc.................. 75,920 6,286,935 # RenaissanceRe Holdings, Ltd........................ 50,529 4,832,088 Renasant Corp...................................... 32,394 847,427 # Republic Bancorp, Inc. Class A..................... 14,893 339,411 #* Republic First Bancorp, Inc........................ 14,828 50,860 # Resource America, Inc. Class A..................... 21,470 188,721 * Riverview Bancorp, Inc............................. 9,533 41,945 # RLI Corp........................................... 46,820 2,196,326 * Royal Bancshares of Pennsylvania, Inc. Class A..... 4,906 8,831 # S&T Bancorp, Inc................................... 32,924 905,081 #* Safeguard Scientifics, Inc......................... 21,185 388,321 # Safety Insurance Group, Inc........................ 43,015 2,664,779 # Salisbury Bancorp, Inc............................. 543 14,824 # Sandy Spring Bancorp, Inc.......................... 23,110 571,510 SB Financial Group, Inc............................ 1,124 10,802 #* Seacoast Banking Corp. of Florida.................. 6,735 85,265 * Security National Financial Corp. Class A.......... 944 5,607 SEI Investments Co................................. 135,230 5,432,189 * Select Bancorp, Inc................................ 300 2,151 Selective Insurance Group, Inc..................... 65,024 1,678,920 * Shore Bancshares, Inc.............................. 3,114 28,805 SI Financial Group, Inc............................ 5,983 65,873 * Siebert Financial Corp............................. 3,562 6,340 # Sierra Bancorp..................................... 9,727 154,076 * Signature Bank..................................... 58,243 6,822,003 Simmons First National Corp. Class A............... 19,696 737,024 Simplicity Bancorp, Inc............................ 6,143 108,055 SLM Corp........................................... 761,216 6,934,678 South State Corp................................... 24,843 1,483,376 * Southcoast Financial Corp.......................... 2,666 19,995 * Southern First Bancshares, Inc..................... 1,052 18,410 Southern Missouri Bancorp, Inc..................... 557 20,609 # Southern National Bancorp of Virginia, Inc......... 302 3,367 # Southside Bancshares, Inc.......................... 25,587 698,525 Southwest Bancorp, Inc............................. 16,450 251,027 Southwest Georgia Financial Corp................... 863 11,970 87 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) #* St Joe Co. (The)................................... 66,355 $ 1,072,297 StanCorp Financial Group, Inc...................... 62,017 3,847,535 State Auto Financial Corp.......................... 31,122 684,684 State Street Corp.................................. 145,617 10,413,072 Sterling Bancorp................................... 98,631 1,299,957 Stewart Information Services Corp.................. 34,178 1,223,572 * Stifel Financial Corp.............................. 71,885 3,389,378 # Stock Yards Bancorp, Inc........................... 11,700 360,360 * Stratus Properties, Inc............................ 2,912 39,254 Suffolk Bancorp.................................... 11,604 266,892 Summit State Bank.................................. 1,967 26,377 #* Sun Bancorp, Inc................................... 5,889 107,769 SunTrust Banks, Inc................................ 173,367 6,660,760 Susquehanna Bancshares, Inc........................ 290,502 3,663,230 Sussex Bancorp..................................... 448 4,480 * SVB Financial Group................................ 67,210 7,588,009 Symetra Financial Corp............................. 130,477 2,649,988 # Synovus Financial Corp............................. 158,441 4,083,025 T Rowe Price Group, Inc............................ 96,208 7,573,494 TCF Financial Corp................................. 280,074 4,117,088 # TD Ameritrade Holding Corp......................... 270,001 8,745,332 * Tejon Ranch Co..................................... 17,348 427,108 # Territorial Bancorp, Inc........................... 9,185 199,682 # Teton Advisors, Inc. Class A....................... 29 1,585 #* Texas Capital Bancshares, Inc...................... 41,948 1,713,576 TFS Financial Corp................................. 214,918 3,013,150 Timberland Bancorp, Inc............................ 1,600 16,800 # Tompkins Financial Corp............................ 12,708 651,539 Torchmark Corp..................................... 93,452 4,679,142 # Towne Bank......................................... 25,090 364,056 Travelers Cos., Inc. (The)......................... 185,340 19,056,659 Trico Bancshares................................... 17,050 398,117 * Trinity Place Holdings, Inc........................ 892 6,690 # TrustCo Bank Corp.................................. 105,126 675,960 # Trustmark Corp..................................... 101,550 2,169,108 U.S. Bancorp....................................... 640,200 26,830,782 # UMB Financial Corp................................. 56,239 2,728,716 # Umpqua Holdings Corp............................... 218,735 3,392,580 * Unico American Corp................................ 100 1,186 Union Bankshares Corp.............................. 46,775 935,500 # Union Bankshares, Inc.............................. 863 21,398 United Bancshares, Inc............................. 1,036 15,022 # United Bankshares, Inc............................. 95,781 3,238,356 United Community Bancorp........................... 99 1,173 United Community Banks, Inc........................ 53,890 943,614 # United Community Financial Corp.................... 6,897 37,244 United Financial Bancorp, Inc...................... 49,209 612,160 United Fire Group, Inc............................. 21,736 607,304 United Insurance Holdings Corp..................... 2,279 55,676 * United Security Bancshares......................... 4,719 24,350 Unity Bancorp, Inc................................. 4,260 39,022 # Universal Insurance Holdings, Inc.................. 68,995 1,602,754 # Univest Corp. of Pennsylvania...................... 16,228 300,543 88 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) Unum Group........................................ 134,098 $ 4,165,084 Validus Holdings, Ltd............................. 99,741 3,954,731 # Valley National Bancorp........................... 194,445 1,765,561 Virtus Investment Partners, Inc................... 8,316 1,127,899 Voya Financial, Inc............................... 100,783 3,931,545 # VSB Bancorp, Inc.................................. 169 1,994 Waddell & Reed Financial, Inc. Class A............ 76,335 3,412,938 * Walker & Dunlop, Inc.............................. 20,141 357,503 # Washington Federal, Inc........................... 165,903 3,294,834 # Washington Trust Bancorp, Inc..................... 17,199 629,827 Waterstone Financial, Inc......................... 13,136 166,564 Wayne Savings Bancshares, Inc..................... 955 12,663 Webster Financial Corp............................ 142,838 4,360,844 Wells Fargo & Co.................................. 1,930,084 100,209,961 # WesBanco, Inc..................................... 30,368 916,506 # West Bancorporation, Inc.......................... 12,598 206,103 # Westamerica Bancorporation........................ 28,361 1,153,725 * Western Alliance Bancorp.......................... 96,275 2,475,230 Westfield Financial, Inc.......................... 20,512 147,686 # Westwood Holdings Group, Inc...................... 4,673 275,660 White Mountains Insurance Group, Ltd.............. 81 52,211 Willis Group Holdings P.L.C....................... 107,119 4,638,253 Wilshire Bancorp, Inc............................. 130,002 1,183,018 Wintrust Financial Corp........................... 73,569 3,198,044 # WisdomTree Investments, Inc....................... 120,519 2,099,441 #* World Acceptance Corp............................. 9,067 665,971 # WR Berkley Corp................................... 97,415 4,772,361 WSFS Financial Corp............................... 6,756 498,998 WVS Financial Corp................................ 803 9,098 XL Group P.L.C.................................... 171,540 5,916,415 #* Yadkin Financial Corp............................. 3,204 61,068 Zions Bancorporation.............................. 204,285 4,894,669 -------------- Total Financials 1,588,284,740 -------------- Health Care -- (10.9%) # Abaxis, Inc....................................... 7,459 458,579 Abbott Laboratories............................... 337,280 15,096,653 AbbVie, Inc....................................... 746,019 45,022,247 #* Acadia Healthcare Co., Inc........................ 52,925 3,056,419 #* ACADIA Pharmaceuticals, Inc....................... 33,024 1,004,920 #* Accuray, Inc...................................... 47,447 349,684 #* Acorda Therapeutics, Inc.......................... 27,912 1,159,744 * Actavis P.L.C..................................... 91,395 24,360,423 #* Adcare Health Systems, Inc........................ 2,984 11,936 * Addus HomeCare Corp............................... 9,838 218,207 #* Advaxis, Inc...................................... 5,525 54,421 Aetna, Inc........................................ 156,693 14,387,551 #* Affymetrix, Inc................................... 89,923 992,750 Agilent Technologies, Inc......................... 134,415 5,076,855 #* Agios Pharmaceuticals, Inc........................ 12,160 1,409,587 #* Air Methods Corp.................................. 66,744 2,773,213 #* Akorn, Inc........................................ 70,162 2,987,498 #* Albany Molecular Research, Inc.................... 32,814 535,853 89 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Alere, Inc......................................... 90,178 $ 3,669,343 * Alexion Pharmaceuticals, Inc....................... 61,512 11,271,459 #* Align Technology, Inc.............................. 53,254 2,825,125 #* Alkermes P.L.C..................................... 109,570 7,916,432 Allergan, Inc...................................... 82,027 17,985,240 * Alliance HealthCare Services, Inc.................. 5,721 128,951 #* Allied Healthcare Products, Inc.................... 1,583 2,469 #* Allscripts Healthcare Solutions, Inc............... 203,156 2,419,588 * Almost Family, Inc................................. 7,704 233,893 #* Alnylam Pharmaceuticals, Inc....................... 27,384 2,569,441 * Alphatec Holdings, Inc............................. 40,201 51,457 #* AMAG Pharmaceuticals, Inc.......................... 14,999 662,806 #* Amedisys, Inc...................................... 38,487 1,084,564 * American Shared Hospital Services.................. 797 2,000 AmerisourceBergen Corp............................. 113,320 10,771,066 Amgen, Inc......................................... 243,392 37,058,866 * AMN Healthcare Services, Inc....................... 62,556 1,177,304 #* Amsurg Corp........................................ 70,444 3,887,100 #* Anacor Pharmaceuticals, Inc........................ 7,666 288,242 # Analogic Corp...................................... 12,091 985,779 * AngioDynamics, Inc................................. 50,075 963,693 * Anika Therapeutics, Inc............................ 19,893 779,408 Anthem, Inc........................................ 106,927 14,430,868 * Arqule, Inc........................................ 11,499 13,339 * Arrhythmia Research Technology, Inc................ 1,150 8,844 #* athenahealth, Inc.................................. 18,658 2,606,709 # Atrion Corp........................................ 1,243 416,405 Baxter International, Inc.......................... 214,981 15,115,314 # Becton Dickinson and Co............................ 75,106 10,370,636 * Bio-Rad Laboratories, Inc. Class A................. 24,405 2,793,640 * Bio-Rad Laboratories, Inc. Class B................. 1,562 174,265 #* Bio-Reference Laboratories, Inc.................... 19,000 637,070 Bio-Techne Corp.................................... 36,150 3,362,673 #* Bioanalytical Systems, Inc......................... 400 832 #* BioDelivery Sciences International, Inc............ 21,696 284,218 * Biogen Idec, Inc................................... 91,951 35,783,651 * BioMarin Pharmaceutical, Inc....................... 34,344 3,336,863 #* BioScrip, Inc...................................... 107,250 616,688 * Biospecifics Technologies Corp..................... 2,971 116,879 #* Biota Pharmaceuticals, Inc......................... 1,866 4,478 * BioTelemetry, Inc.................................. 20,541 202,945 * Bluebird Bio, Inc.................................. 10,600 984,846 * Boston Scientific Corp............................. 815,566 12,078,532 #* Bovie Medical Corp................................. 7,222 25,277 Bristol-Myers Squibb Co............................ 388,702 23,427,070 * Brookdale Senior Living, Inc....................... 150,628 5,083,695 #* Bruker Corp........................................ 149,522 2,819,985 * Cambrex Corp....................................... 41,337 927,189 Cantel Medical Corp................................ 34,264 1,390,090 #* Capital Senior Living Corp......................... 29,779 710,825 Cardinal Health, Inc............................... 127,806 10,632,181 * CareFusion Corp.................................... 117,768 6,983,642 * Celgene Corp....................................... 360,073 42,906,299 90 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Celsion Corp....................................... 666 $ 1,472 * Centene Corp....................................... 43,949 4,797,473 #* Cepheid............................................ 23,983 1,355,279 * Cerner Corp........................................ 81,908 5,434,596 * Charles River Laboratories International, Inc...... 59,905 4,154,412 # Chemed Corp........................................ 13,600 1,375,504 Cigna Corp......................................... 155,296 16,590,272 #* Columbia Laboratories, Inc......................... 386 2,142 #* Community Health Systems, Inc...................... 201,508 9,484,982 # Computer Programs & Systems, Inc................... 14,788 728,457 CONMED Corp........................................ 24,008 1,143,741 # Cooper Cos., Inc. (The)............................ 37,384 5,893,588 * Corvel Corp........................................ 17,544 577,899 * Covance, Inc....................................... 44,348 4,710,201 CR Bard, Inc....................................... 38,637 6,608,086 * Cross Country Healthcare, Inc...................... 37,618 384,832 CryoLife, Inc...................................... 30,740 346,132 #* Cumberland Pharmaceuticals, Inc.................... 14,360 83,432 * Cutera, Inc........................................ 12,003 159,640 * Cyberonics, Inc.................................... 35,351 1,964,455 #* Cynosure, Inc. Class A............................. 25,669 775,717 #* Cytokinetics, Inc.................................. 2,470 17,512 * DaVita HealthCare Partners, Inc.................... 169,528 12,724,772 Daxor Corp......................................... 2,013 12,541 DENTSPLY International, Inc........................ 84,122 4,208,203 * Depomed, Inc....................................... 87,260 1,594,240 * DexCom, Inc........................................ 25,983 1,553,264 Digirad Corp....................................... 9,575 39,736 #* Durect Corp........................................ 18,393 17,289 * Edwards Lifesciences Corp.......................... 68,736 8,616,058 Eli Lilly & Co..................................... 301,703 21,722,616 #* Emergent Biosolutions, Inc......................... 41,580 1,165,487 #* Endo International P.L.C........................... 64,034 5,097,747 Ensign Group, Inc. (The)........................... 26,422 1,096,513 #* EnteroMedics, Inc.................................. 100 116 * Envision Healthcare Holdings, Inc.................. 88,970 3,058,789 #* Enzo Biochem, Inc.................................. 23,675 74,576 * EPIRUS Biopharmaceuticals, Inc..................... 311 1,539 #* Exact Sciences Corp................................ 1,550 42,176 * Exactech, Inc...................................... 12,655 263,097 #* ExamWorks Group, Inc............................... 48,456 1,790,934 * Express Scripts Holding Co......................... 253,160 20,432,544 * Five Star Quality Care, Inc........................ 53,345 185,641 * Genesis Healthcare, Inc............................ 15,845 131,514 * Gentiva Health Services, Inc....................... 27,565 535,312 * Gilead Sciences, Inc............................... 706,650 74,078,119 #* Globus Medical, Inc. Class A....................... 85,889 2,025,263 * Greatbatch, Inc.................................... 23,156 1,124,455 * Haemonetics Corp................................... 41,595 1,647,162 * Halyard Health, Inc................................ 21,677 966,144 #* Hanger, Inc........................................ 37,035 799,215 * Harvard Apparatus Regenerative Technology, Inc..... 6,528 21,216 * Harvard Bioscience, Inc............................ 26,114 136,054 91 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * HCA Holdings, Inc.................................. 93,141 $ 6,594,383 * Health Net, Inc.................................... 96,299 5,216,517 HealthSouth Corp................................... 87,145 3,843,094 * HealthStream, Inc.................................. 10,500 296,730 * Healthways, Inc.................................... 40,227 829,481 * Henry Schein, Inc.................................. 51,779 7,149,127 Hill-Rom Holdings, Inc............................. 76,794 3,667,681 #* HMS Holdings Corp.................................. 62,612 1,238,778 * Hologic, Inc....................................... 208,592 6,333,896 * Hospira, Inc....................................... 124,280 7,883,080 Humana, Inc........................................ 117,225 17,166,429 #* Hyperion Therapeutics, Inc......................... 3,239 81,947 #* ICU Medical, Inc................................... 14,367 1,200,794 #* Idera Pharmaceuticals, Inc......................... 12,837 58,023 #* IDEXX Laboratories, Inc............................ 32,012 5,071,341 #* IGI Laboratories, Inc.............................. 921 9,173 * Illumina, Inc...................................... 54,263 10,591,595 #* Impax Laboratories, Inc............................ 76,063 2,789,230 #* Incyte Corp........................................ 92,002 7,333,479 #* Infinity Pharmaceuticals, Inc...................... 11,703 180,694 #* Insys Therapeutics, Inc............................ 16,992 811,878 #* Integra LifeSciences Holdings Corp................. 26,646 1,484,715 #* Intrexon Corp...................................... 15,100 433,521 * Intuitive Surgical, Inc............................ 11,056 5,466,971 Invacare Corp...................................... 40,961 600,079 #* IPC Healthcare, Inc................................ 20,037 808,693 #* Iridex Corp........................................ 2,696 24,399 #* Isis Pharmaceuticals, Inc.......................... 37,963 2,600,845 #* Jazz Pharmaceuticals P.L.C......................... 24,645 4,173,384 Johnson & Johnson.................................. 927,796 92,909,491 Kewaunee Scientific Corp........................... 1,352 24,255 Kindred Healthcare, Inc............................ 78,943 1,457,288 * Laboratory Corp. of America Holdings............... 64,802 7,437,974 # Landauer, Inc...................................... 4,482 125,362 #* Lannett Co., Inc................................... 65,051 3,085,369 # LeMaitre Vascular, Inc............................. 8,529 67,464 #* LHC Group, Inc..................................... 23,900 710,308 * LifePoint Hospitals, Inc........................... 42,949 2,801,993 #* Ligand Pharmaceuticals, Inc. Class B............... 15,303 871,047 #* Luminex Corp....................................... 36,290 640,519 * Magellan Health, Inc............................... 45,011 2,706,061 #* Mallinckrodt P.L.C................................. 69,800 7,398,102 #* Masimo Corp........................................ 54,350 1,387,012 #* Mast Therapeutics, Inc............................. 9,644 4,214 McKesson Corp...................................... 79,132 16,827,420 * MedAssets, Inc..................................... 73,229 1,355,469 o* MedCath Corp....................................... 11,283 -- #* Medicines Co. (The)................................ 89,013 2,552,003 #* MediciNova, Inc.................................... 1,657 6,263 * Medivation, Inc.................................... 46,110 5,017,690 * MEDNAX, Inc........................................ 99,209 6,735,299 # Medtronic P.L.C.................................... 410,648 29,320,282 Merck & Co., Inc................................... 917,575 55,311,421 92 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) # Meridian Bioscience, Inc........................... 27,299 $ 472,273 * Merit Medical Systems, Inc......................... 55,479 850,493 * Mettler-Toledo International, Inc.................. 17,599 5,349,216 * Misonix, Inc....................................... 2,220 29,681 #* Molina Healthcare, Inc............................. 45,300 2,306,223 #* Momenta Pharmaceuticals, Inc....................... 45,221 487,030 * MWI Veterinary Supply, Inc......................... 10,259 1,945,825 #* Mylan, Inc......................................... 190,401 10,119,813 #* Myriad Genetics, Inc............................... 60,906 2,279,103 # National Healthcare Corp........................... 11,008 693,174 # National Research Corp. Class A.................... 11,661 161,505 # National Research Corp. Class B.................... 1,943 67,131 * Natus Medical, Inc................................. 32,808 1,233,581 * Neogen Corp........................................ 13,046 601,421 #* NPS Pharmaceuticals, Inc........................... 32,968 1,511,912 * NuVasive, Inc...................................... 30,343 1,405,488 Omnicare, Inc...................................... 86,936 6,518,461 * Omnicell, Inc...................................... 37,789 1,202,824 #* OncoGenex Pharmaceuticals, Inc..................... 1,100 2,211 #* Opko Health, Inc................................... 242,922 2,946,644 #* OraSure Technologies, Inc.......................... 43,327 398,175 * Orthofix International NV.......................... 18,107 552,264 # Owens & Minor, Inc................................. 67,789 2,320,417 #* Pacific Biosciences of California, Inc............. 27,980 224,959 #* Pacira Pharmaceuticals, Inc........................ 11,542 1,239,034 * Pain Therapeutics, Inc............................. 40,174 79,143 # Paratek Pharmaceuticals, Inc....................... 825 20,378 #* PAREXEL International Corp......................... 98,165 5,984,138 # Patterson Cos., Inc................................ 103,655 5,192,079 #* PDI, Inc........................................... 10,224 15,949 # PDL BioPharma, Inc................................. 98,354 717,001 PerkinElmer, Inc................................... 139,260 6,365,575 #* Pernix Therapeutics Holdings, Inc.................. 14,663 121,850 Perrigo Co. P.L.C.................................. 34,138 5,180,100 Pfizer, Inc........................................ 2,188,537 68,391,781 #* Pharmacyclics, Inc................................. 21,549 3,636,394 * PharMerica Corp.................................... 43,819 1,008,275 #* PhotoMedex, Inc.................................... 5,223 9,819 #* Pozen, Inc......................................... 24,054 166,213 #* Prestige Brands Holdings, Inc...................... 55,241 1,892,557 #* Progenics Pharmaceuticals, Inc..................... 32,363 193,531 * ProPhase Labs, Inc................................. 3,827 6,085 * Providence Service Corp. (The)..................... 23,333 909,987 #* pSivida Corp....................................... 6,147 23,789 Psychemedics Corp.................................. 400 5,984 #* Puma Biotechnology, Inc............................ 10,049 2,121,143 # Quality Systems, Inc............................... 48,767 794,414 # Quest Diagnostics, Inc............................. 158,360 11,254,645 #* Quidel Corp........................................ 26,958 634,591 * Quintiles Transnational Holdings, Inc.............. 36,865 2,230,333 #* RadNet, Inc........................................ 46,500 366,885 * Receptos, Inc...................................... 14,723 1,622,033 * Regeneron Pharmaceuticals, Inc..................... 30,202 12,583,965 93 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Repligen Corp...................................... 26,740 $ 649,515 # ResMed, Inc........................................ 52,948 3,307,662 #* Retractable Technologies, Inc...................... 2,700 11,367 * Retrophin, Inc..................................... 3,529 45,312 * Rigel Pharmaceuticals, Inc......................... 43,188 89,399 #* RTI Surgical, Inc.................................. 47,690 212,697 #* Sagent Pharmaceuticals, Inc........................ 20,152 517,302 #* Salix Pharmaceuticals, Ltd......................... 36,039 4,853,372 #* Sciclone Pharmaceuticals, Inc...................... 54,788 404,335 #* Seattle Genetics, Inc.............................. 48,892 1,523,475 Select Medical Holdings Corp....................... 175,332 2,370,489 * Sirona Dental Systems, Inc......................... 46,182 4,166,540 Span-America Medical Systems, Inc.................. 1,628 28,002 * Special Diversified Opportunities, Inc............. 6,364 7,573 #* Spectrum Pharmaceuticals, Inc...................... 39,588 277,116 St Jude Medical, Inc............................... 145,191 9,563,731 #* Staar Surgical Co.................................. 7,839 47,034 #* Stereotaxis, Inc................................... 1,899 3,152 STERIS Corp........................................ 63,486 4,140,557 Stryker Corp....................................... 75,210 6,847,870 #* Sucampo Pharmaceuticals, Inc. Class A.............. 16,104 242,526 * SunLink Health Systems, Inc........................ 2,605 3,608 #* SurModics, Inc..................................... 12,999 297,937 * Symmetry Surgical, Inc............................. 12,175 87,660 #* Synageva BioPharma Corp............................ 7,749 892,840 * Targacept, Inc..................................... 1,592 3,996 * Taro Pharmaceutical Industries, Ltd................ 12,062 2,008,323 * Team Health Holdings, Inc.......................... 70,580 3,648,986 # Teleflex, Inc...................................... 51,234 5,613,197 #* Tenet Healthcare Corp.............................. 97,547 4,124,287 #* Theravance Biopharma, Inc.......................... 13,088 212,549 Thermo Fisher Scientific, Inc...................... 100,225 12,549,172 #* Thoratec Corp...................................... 45,894 1,647,136 * Tornier NV......................................... 27,511 664,941 #* Triple-S Management Corp. Class B.................. 32,409 780,409 #* Unilife Corp....................................... 10,016 39,764 #* United Therapeutics Corp........................... 52,346 7,387,591 UnitedHealth Group, Inc............................ 412,297 43,806,556 * Universal American Corp............................ 80,319 725,281 Universal Health Services, Inc. Class B............ 84,891 8,703,874 * Uroplasty, Inc..................................... 2,100 2,583 US Physical Therapy, Inc........................... 14,221 551,633 # Utah Medical Products, Inc......................... 2,567 145,523 #* Varian Medical Systems, Inc........................ 48,997 4,535,162 #* Vascular Solutions, Inc............................ 18,071 492,615 * VCA, Inc........................................... 102,433 5,336,759 * Vertex Pharmaceuticals, Inc........................ 50,604 5,573,525 * Vical, Inc......................................... 14,130 14,695 #* Volcano Corp....................................... 4,371 78,547 * Waters Corp........................................ 30,791 3,665,669 * WellCare Health Plans, Inc......................... 50,992 3,714,767 West Pharmaceutical Services, Inc.................. 65,317 3,220,781 * Wright Medical Group, Inc.......................... 42,053 1,026,514 94 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Health Care -- (Continued) #* XenoPort, Inc...................................... 5,173 $ 43,091 Zimmer Holdings, Inc............................... 82,782 9,279,862 Zoetis, Inc........................................ 535,151 22,867,002 -------------- Total Health Care...................................... 1,367,884,489 -------------- Industrials -- (12.3%) 3M Co.............................................. 293,716 47,670,107 AAON, Inc.......................................... 56,281 1,227,489 AAR Corp........................................... 39,516 1,132,529 ABM Industries, Inc................................ 76,343 2,204,022 # Acacia Research Corp............................... 41,555 520,269 * ACCO Brands Corp................................... 171,148 1,355,492 * Accuride Corp...................................... 14,909 65,600 # Aceto Corp......................................... 43,632 846,461 Acme United Corp................................... 1,000 19,000 * Active Power, Inc.................................. 360 652 Actuant Corp. Class A.............................. 73,166 1,690,866 Acuity Brands, Inc................................. 42,859 6,424,135 #* Adept Technology, Inc.............................. 6,777 63,026 # ADT Corp. (The).................................... 277,773 9,555,391 #* Advisory Board Co. (The)........................... 24,369 1,142,419 #* AECOM.............................................. 186,691 4,745,685 * Aegion Corp........................................ 45,166 691,943 * AeroCentury Corp................................... 691 5,597 #* Aerovironment, Inc................................. 27,152 694,820 # AGCO Corp.......................................... 87,613 3,797,147 Air Lease Corp..................................... 87,503 3,057,355 * Air Transport Services Group, Inc.................. 71,633 596,703 # Aircastle, Ltd..................................... 23,440 470,206 Alamo Group, Inc................................... 14,219 640,566 Alaska Air Group, Inc.............................. 189,862 12,885,934 Albany International Corp. Class A................. 32,900 1,122,877 # Allegiant Travel Co................................ 28,196 5,111,089 Allegion P.L.C..................................... 58,306 3,149,107 # Alliant Techsystems, Inc........................... 34,796 4,534,267 Allied Motion Technologies, Inc.................... 5,104 114,432 Allison Transmission Holdings, Inc................. 248,226 7,774,438 Altra Industrial Motion Corp....................... 30,288 773,858 #* AMERCO............................................. 22,706 6,496,414 #* Ameresco, Inc. Class A............................. 21,115 123,100 American Airlines Group, Inc....................... 334,894 16,436,597 # American Railcar Industries, Inc................... 19,392 973,478 # American Science & Engineering, Inc................ 6,060 281,184 #* American Superconductor Corp....................... 8,960 6,272 * American Woodmark Corp............................. 15,787 649,319 AMETEK, Inc........................................ 145,654 6,976,827 * AMREP Corp......................................... 3,360 12,768 AO Smith Corp...................................... 73,762 4,382,200 Apogee Enterprises, Inc............................ 27,735 1,199,816 Applied Industrial Technologies, Inc............... 41,018 1,658,358 * ARC Document Solutions, Inc........................ 75,347 690,932 ArcBest Corp....................................... 30,676 1,142,988 Argan, Inc......................................... 27,174 826,361 95 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* Armstrong World Industries, Inc.................... 67,763 $ 3,435,584 #* Arotech Corp....................................... 14,831 33,815 # Astec Industries, Inc.............................. 31,807 1,131,057 * Astronics Corp..................................... 16,308 908,192 #* Astronics Corp. Class B............................ 4,554 255,024 #* Atlas Air Worldwide Holdings, Inc.................. 33,448 1,511,850 #* Avalon Holdings Corp. Class A...................... 500 1,515 #* Avis Budget Group, Inc............................. 161,539 9,257,800 # AZZ, Inc........................................... 29,023 1,224,480 * B/E Aerospace, Inc................................. 77,163 4,500,918 Babcock & Wilcox Co. (The)......................... 149,796 4,078,945 # Baltic Trading, Ltd................................ 8,669 14,044 Barnes Group, Inc.................................. 79,011 2,714,028 # Barrett Business Services, Inc..................... 7,132 218,596 * Beacon Roofing Supply, Inc......................... 56,169 1,330,644 * Blount International, Inc.......................... 96,690 1,498,695 #* BlueLinx Holdings, Inc............................. 25,832 26,865 Boeing Co. (The)................................... 326,489 47,461,706 Brady Corp. Class A................................ 54,414 1,424,014 * Breeze-Eastern Corp................................ 4,762 47,858 # Briggs & Stratton Corp............................. 64,286 1,183,505 Brink's Co. (The).................................. 48,512 1,087,154 * Broadwind Energy, Inc.............................. 488 2,381 #* Builders FirstSource, Inc.......................... 69,581 411,920 #* CAI International, Inc............................. 22,428 470,315 Carlisle Cos., Inc................................. 81,739 7,330,353 * Casella Waste Systems, Inc. Class A................ 23,106 88,034 Caterpillar, Inc................................... 214,396 17,145,248 #* CBIZ, Inc.......................................... 82,695 684,715 CDI Corp........................................... 16,021 272,197 # Ceco Environmental Corp............................ 14,425 197,911 Celadon Group, Inc................................. 35,328 841,866 # CH Robinson Worldwide, Inc......................... 89,544 6,377,324 * Chart Industries, Inc.............................. 25,103 715,435 # Chicago Bridge & Iron Co. NV....................... 64,397 2,222,340 Chicago Rivet & Machine Co......................... 474 14,466 Cintas Corp........................................ 87,943 6,921,114 CIRCOR International, Inc.......................... 16,096 794,981 Civeo Corp......................................... 124,628 365,160 # CLARCOR, Inc....................................... 53,115 3,321,281 #* Clean Harbors, Inc................................. 71,892 3,401,929 #* Colfax Corp........................................ 80,936 3,667,210 Columbus McKinnon Corp............................. 23,448 587,372 Comfort Systems USA, Inc........................... 40,010 666,166 * Command Security Corp.............................. 4,000 8,840 * Commercial Vehicle Group, Inc...................... 14,342 79,311 Compx International, Inc........................... 1,315 14,189 Con-way, Inc....................................... 90,422 3,704,589 # Copa Holdings SA Class A........................... 30,461 3,274,862 * Copart, Inc........................................ 137,727 5,040,808 Corporate Executive Board Co. (The)................ 40,085 2,746,624 Courier Corp....................................... 9,396 220,524 # Covanta Holding Corp............................... 223,453 4,567,379 96 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Covenant Transportation Group, Inc. Class A........ 26,740 $ 756,742 #* CPI Aerostructures, Inc............................ 5,447 64,002 * CRA International, Inc............................. 6,991 206,444 Crane Co........................................... 52,144 3,178,177 CSX Corp........................................... 564,890 18,810,837 #* CTPartners Executive Search, Inc................... 11,614 63,645 Cubic Corp......................................... 29,613 1,548,464 Cummins, Inc....................................... 58,098 8,102,347 Curtiss-Wright Corp................................ 61,479 4,090,198 Danaher Corp....................................... 213,895 17,620,670 # Deere & Co......................................... 191,651 16,326,749 Delta Air Lines, Inc............................... 460,736 21,797,420 # Deluxe Corp........................................ 96,374 6,257,564 #* DigitalGlobe, Inc.................................. 92,222 2,479,850 # Donaldson Co., Inc................................. 169,260 6,188,146 Douglas Dynamics, Inc.............................. 41,648 840,873 Dover Corp......................................... 121,210 8,489,548 * Ducommun, Inc...................................... 9,171 238,171 Dun & Bradstreet Corp. (The)....................... 41,828 4,814,821 * DXP Enterprises, Inc............................... 14,628 600,041 * Dycom Industries, Inc.............................. 44,657 1,375,882 # Dynamic Materials Corp............................. 11,762 166,550 * Eagle Bulk Shipping, Inc........................... 63 646 Eastern Co. (The).................................. 2,746 51,954 Eaton Corp. P.L.C.................................. 143,765 9,070,134 #* Echo Global Logistics, Inc......................... 25,108 662,851 Ecology and Environment, Inc. Class A.............. 1,746 17,111 EMCOR Group, Inc................................... 76,996 3,107,559 Emerson Electric Co................................ 316,113 17,999,474 Encore Wire Corp................................... 21,516 659,035 #* Energy Recovery, Inc............................... 34,173 112,771 # EnerSys............................................ 58,058 3,389,426 * Engility Holdings, Inc............................. 18,101 722,230 Ennis, Inc......................................... 23,604 314,877 * EnPro Industries, Inc.............................. 22,284 1,322,110 EnviroStar, Inc.................................... 100 238 Equifax, Inc....................................... 67,403 5,692,857 ESCO Technologies, Inc............................. 33,042 1,190,173 Espey Manufacturing & Electronics Corp............. 1,489 39,920 #* Esterline Technologies Corp........................ 37,295 4,180,397 Exelis, Inc........................................ 272,589 4,663,998 Expeditors International of Washington, Inc........ 75,517 3,298,583 Exponent, Inc...................................... 14,556 1,166,518 # Fastenal Co........................................ 151,179 6,712,348 Federal Signal Corp................................ 66,506 1,015,547 FedEx Corp......................................... 142,706 24,133,012 Flowserve Corp..................................... 68,140 3,712,949 Fluor Corp......................................... 113,197 6,066,227 Fortune Brands Home & Security, Inc................ 86,024 3,853,015 Forward Air Corp................................... 30,630 1,375,287 * Franklin Covey Co.................................. 15,563 281,223 # Franklin Electric Co., Inc......................... 49,120 1,680,395 FreightCar America, Inc............................ 20,167 470,698 97 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* FTI Consulting, Inc................................ 64,018 $ 2,603,612 #* Fuel Tech, Inc..................................... 19,248 62,171 * Furmanite Corp..................................... 36,043 264,195 G&K Services, Inc. Class A......................... 23,508 1,647,911 # GATX Corp.......................................... 48,439 2,768,289 #* Gencor Industries, Inc............................. 2,365 21,640 #* GenCorp, Inc....................................... 39,369 661,399 #* Generac Holdings, Inc.............................. 80,382 3,515,909 # General Cable Corp................................. 45,033 515,177 General Dynamics Corp.............................. 91,455 12,182,721 General Electric Co................................ 2,686,606 64,183,017 * Genesee & Wyoming, Inc. Class A.................... 55,417 4,569,132 * Gibraltar Industries, Inc.......................... 32,915 498,333 # Global Power Equipment Group, Inc.................. 12,367 152,485 #* Goldfield Corp. (The).............................. 11,623 26,384 # Gorman-Rupp Co. (The).............................. 21,887 623,998 * GP Strategies Corp................................. 25,076 837,037 Graco, Inc......................................... 60,617 4,318,355 #* GrafTech International, Ltd........................ 153,565 557,441 Graham Corp........................................ 8,388 173,548 # Granite Construction, Inc.......................... 40,512 1,380,649 * Great Lakes Dredge & Dock Corp..................... 81,645 634,382 # Greenbrier Cos., Inc. (The)........................ 31,578 1,639,846 # Griffon Corp....................................... 60,722 892,006 H&E Equipment Services, Inc........................ 47,495 833,062 Hardinge, Inc...................................... 10,375 118,379 Harsco Corp........................................ 118,127 1,743,554 #* Hawaiian Holdings, Inc............................. 49,733 966,809 * HC2 Holdings, Inc.................................. 7,362 54,921 * HD Supply Holdings, Inc............................ 228,048 6,574,624 # Healthcare Services Group, Inc..................... 42,738 1,346,674 # Heartland Express, Inc............................. 156,950 4,032,045 # HEICO Corp......................................... 28,770 1,745,764 HEICO Corp. Class A................................ 40,172 1,894,913 Heidrick & Struggles International, Inc............ 23,576 522,444 #* Heritage-Crystal Clean, Inc........................ 4,417 56,317 Herman Miller, Inc................................. 84,465 2,453,708 * Hertz Global Holdings, Inc......................... 579,111 11,883,358 Hexcel Corp........................................ 101,273 4,479,305 * Hill International, Inc............................ 26,258 100,306 Hillenbrand, Inc................................... 80,149 2,517,480 # HNI Corp........................................... 67,694 3,333,929 Honeywell International, Inc....................... 237,049 23,173,910 # Houston Wire & Cable Co............................ 17,436 193,017 * Hub Group, Inc. Class A............................ 56,473 1,886,198 Hubbell, Inc. Class A.............................. 4,100 445,055 Hubbell, Inc. Class B.............................. 35,198 3,732,396 * Hudson Global, Inc................................. 23,996 58,790 Huntington Ingalls Industries, Inc................. 77,314 9,014,812 Hurco Cos., Inc.................................... 7,495 262,925 * Huron Consulting Group, Inc........................ 26,939 2,026,352 * Huttig Building Products, Inc...................... 2,588 8,282 Hyster-Yale Materials Handling, Inc................ 11,128 697,169 98 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* ICF International, Inc............................. 21,552 $ 805,183 IDEX Corp.......................................... 83,662 6,052,946 * IHS, Inc. Class A.................................. 23,919 2,753,794 Illinois Tool Works, Inc........................... 147,299 13,712,064 Ingersoll-Rand P.L.C............................... 182,743 12,134,135 #* InnerWorkings, Inc................................. 46,985 241,033 #* Innovative Solutions & Support, Inc................ 10,802 42,560 # Insperity, Inc..................................... 25,539 1,071,106 Insteel Industries, Inc............................ 25,696 524,712 * Integrated Electrical Services, Inc................ 6,920 50,585 Interface, Inc..................................... 63,746 1,001,450 # International Shipholding Corp..................... 3,805 63,772 # Intersections, Inc................................. 13,979 47,808 ITT Corp........................................... 86,718 3,105,372 * Jacobs Engineering Group, Inc...................... 70,729 2,694,775 # JB Hunt Transport Services, Inc.................... 69,558 5,537,512 #* JetBlue Airways Corp............................... 386,177 6,483,912 John Bean Technologies Corp........................ 32,243 973,416 # Joy Global, Inc.................................... 89,052 3,734,841 Kadant, Inc........................................ 7,600 302,024 # Kaman Corp......................................... 47,286 1,797,814 # Kansas City Southern............................... 103,427 11,386,278 KAR Auction Services, Inc.......................... 204,852 6,987,502 KBR, Inc........................................... 156,856 2,592,830 # Kelly Services, Inc. Class A....................... 40,475 684,027 Kelly Services, Inc. Class B....................... 319 5,434 # Kennametal, Inc.................................... 82,407 2,589,228 * Key Technology, Inc................................ 3,418 43,750 Kforce, Inc........................................ 40,430 946,062 Kimball International, Inc. Class B................ 30,534 264,730 * Kirby Corp......................................... 58,900 4,269,661 * KLX, Inc........................................... 27,081 1,064,554 # Knight Transportation, Inc......................... 120,515 3,433,472 # Knightsbridge Shipping, Ltd........................ 61,837 247,966 Knoll, Inc......................................... 49,383 1,011,858 * Korn/Ferry International........................... 53,284 1,518,594 #* Kratos Defense & Security Solutions, Inc........... 78,463 381,330 L-3 Communications Holdings, Inc................... 65,147 8,020,899 Landstar System, Inc............................... 47,497 3,043,608 * Lawson Products, Inc............................... 5,743 141,278 #* Layne Christensen Co............................... 20,348 164,615 LB Foster Co. Class A.............................. 12,976 615,192 Lennox International, Inc.......................... 56,031 5,508,408 Lincoln Electric Holdings, Inc..................... 88,065 5,980,494 # Lindsay Corp....................................... 10,381 897,126 #* LMI Aerospace, Inc................................. 9,060 128,652 Lockheed Martin Corp............................... 129,708 24,433,096 LS Starrett Co. (The) Class A...................... 4,692 101,206 LSI Industries, Inc................................ 17,359 127,415 * Luna Innovations, Inc.............................. 90 151 * Lydall, Inc........................................ 24,903 686,078 * Magnetek, Inc...................................... 590 23,317 #* Manitex International, Inc......................... 2,000 21,880 99 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # Manitowoc Co., Inc. (The).......................... 143,578 $ 2,684,909 Manpowergroup, Inc................................. 77,601 5,655,561 Marten Transport, Ltd.............................. 43,944 898,655 Masco Corp......................................... 255,317 6,342,074 #* MasTec, Inc........................................ 84,555 1,565,959 * Mastech Holdings, Inc.............................. 1,412 14,699 Matson, Inc........................................ 56,953 1,979,117 Matthews International Corp. Class A............... 32,343 1,498,451 # McGrath RentCorp................................... 24,369 740,330 #* Meritor, Inc....................................... 130,421 1,669,389 * Mfri, Inc.......................................... 3,034 16,930 * Middleby Corp. (The)............................... 64,049 6,085,936 Miller Industries, Inc............................. 8,825 178,265 * Mistras Group, Inc................................. 18,236 366,544 # Mobile Mini, Inc................................... 58,037 2,106,743 * Moog, Inc. Class A................................. 42,989 3,022,127 * Moog, Inc. Class B................................. 3,215 225,789 * MRC Global, Inc.................................... 108,033 1,167,837 # MSA Safety, Inc.................................... 32,556 1,421,395 # MSC Industrial Direct Co., Inc. Class A............ 51,629 3,875,789 Mueller Industries, Inc............................ 62,428 1,959,615 Mueller Water Products, Inc. Class A............... 195,527 2,000,241 # Multi-Color Corp................................... 18,339 1,067,697 * MYR Group, Inc..................................... 35,428 886,763 # National Presto Industries, Inc.................... 5,789 364,707 * Navigant Consulting, Inc........................... 67,488 973,852 * NCI Building Systems, Inc.......................... 13,041 201,223 Nielsen NV......................................... 257,469 11,215,350 # NL Industries, Inc................................. 32,061 224,748 NN, Inc............................................ 22,724 523,788 # Nordson Corp....................................... 83,494 6,083,373 Norfolk Southern Corp.............................. 141,561 14,434,975 #* Nortek, Inc........................................ 2,979 227,387 Northrop Grumman Corp.............................. 70,727 11,100,603 * Northwest Pipe Co.................................. 9,070 217,045 #* NOW, Inc........................................... 52,728 1,315,564 * Old Dominion Freight Line, Inc..................... 94,938 6,657,053 # Omega Flex, Inc.................................... 3,648 114,438 * On Assignment, Inc................................. 56,632 1,989,482 * Orbital Sciences Corp.............................. 62,986 1,769,277 #* Orion Energy Systems, Inc.......................... 19,776 89,585 * Orion Marine Group, Inc............................ 13,198 120,498 # Oshkosh Corp....................................... 98,846 4,235,551 Owens Corning...................................... 136,143 5,452,527 PACCAR, Inc........................................ 148,170 8,906,499 Pall Corp.......................................... 52,614 5,090,931 #* PAM Transportation Services, Inc................... 5,878 340,336 Park-Ohio Holdings Corp............................ 12,147 649,014 Parker Hannifin Corp............................... 102,380 11,923,175 * Patrick Industries, Inc............................ 20,172 867,396 * Pendrell Corp...................................... 103,176 134,129 # Pentair P.L.C...................................... 150,525 9,303,950 #* Performant Financial Corp.......................... 57,241 283,915 100 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * PGT, Inc........................................... 62,077 $ 533,241 Pitney Bowes, Inc.................................. 208,997 5,011,748 #* Plug Power, Inc.................................... 784 2,093 #* Ply Gem Holdings, Inc.............................. 8,117 102,274 #* PMFG, Inc.......................................... 6,463 31,087 #* Polypore International, Inc........................ 40,455 1,809,148 # Powell Industries, Inc............................. 11,346 442,607 #* PowerSecure International, Inc..................... 34,140 320,916 Precision Castparts Corp........................... 59,887 11,983,389 # Preformed Line Products Co......................... 4,237 202,571 # Primoris Services Corp............................. 59,903 1,124,978 #* Proto Labs, Inc.................................... 14,859 956,771 # Providence and Worcester Railroad Co............... 1,227 22,638 Quad/Graphics, Inc................................. 6,566 131,583 * Quality Distribution, Inc.......................... 29,244 243,895 # Quanex Building Products Corp...................... 60,377 1,136,899 * Quanta Services, Inc............................... 107,936 2,858,145 # Raven Industries, Inc.............................. 39,307 842,742 Raytheon Co........................................ 115,355 11,541,268 # RBC Bearings, Inc.................................. 20,075 1,165,153 RCM Technologies, Inc.............................. 7,192 42,577 Regal-Beloit Corp.................................. 46,419 3,195,948 * Republic Airways Holdings, Inc..................... 57,141 786,260 Republic Services, Inc............................. 327,931 13,012,302 Resources Connection, Inc.......................... 50,623 845,404 * Rexnord Corp....................................... 124,588 3,083,553 * Roadrunner Transportation Systems, Inc............. 43,233 878,495 Robert Half International, Inc..................... 115,914 6,729,967 Rockwell Automation, Inc........................... 83,134 9,054,955 Rockwell Collins, Inc.............................. 98,797 8,458,999 Rollins, Inc....................................... 80,992 2,676,786 Roper Industries, Inc.............................. 48,032 7,413,259 * RPX Corp........................................... 66,511 821,411 # RR Donnelley & Sons Co............................. 319,205 5,257,306 #* Rush Enterprises, Inc. Class A..................... 36,315 1,016,820 * Rush Enterprises, Inc. Class B..................... 2,881 78,219 Ryder System, Inc.................................. 92,648 7,670,328 * Saia, Inc.......................................... 38,330 1,614,076 #* Sensata Technologies Holding NV.................... 77,318 3,813,324 * Servotronics, Inc.................................. 389 2,490 SIFCO Industries, Inc.............................. 3,251 94,246 Simpson Manufacturing Co., Inc..................... 49,610 1,619,270 SkyWest, Inc....................................... 62,952 790,048 * SL Industries, Inc................................. 4,724 201,951 Snap-on, Inc....................................... 38,814 5,151,006 #* SolarCity Corp..................................... 37,400 1,818,014 Southwest Airlines Co.............................. 508,666 22,981,530 * SP Plus Corp....................................... 7,985 178,225 * Sparton Corp....................................... 7,073 166,074 * Spirit Aerosystems Holdings, Inc. Class A.......... 118,172 5,322,467 * Spirit Airlines, Inc............................... 101,837 7,550,195 SPX Corp........................................... 45,481 3,800,847 #* Standard Register Co. (The)........................ 2,977 4,674 101 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Standex International Corp......................... 12,781 $ 895,820 Stanley Black & Decker, Inc........................ 117,142 10,970,348 Steelcase, Inc. Class A............................ 103,844 1,752,887 * Stericycle, Inc.................................... 40,624 5,333,525 #* Sterling Construction Co., Inc..................... 11,349 39,381 # Sun Hydraulics Corp................................ 26,550 962,172 Supreme Industries, Inc. Class A................... 5,876 45,304 #* Swift Transportation Co............................ 165,614 4,070,792 # TAL International Group, Inc....................... 52,537 2,135,629 #* Taser International, Inc........................... 43,183 1,166,373 * Team, Inc.......................................... 24,472 933,362 * Tecumseh Products Co............................... 12,472 44,151 * Teledyne Technologies, Inc......................... 46,197 4,390,563 Tennant Co......................................... 21,555 1,405,602 # Terex Corp......................................... 117,816 2,648,504 Tetra Tech, Inc.................................... 97,262 2,239,944 # Textainer Group Holdings, Ltd...................... 50,784 1,666,223 Textron, Inc....................................... 243,023 10,343,059 * Thermon Group Holdings, Inc........................ 15,258 312,026 Timken Co. (The)................................... 112,025 4,258,070 # Titan International, Inc........................... 51,879 463,798 #* Titan Machinery, Inc............................... 18,690 264,090 Toro Co. (The)..................................... 56,668 3,678,320 # Towers Watson & Co. Class A........................ 45,411 5,381,203 TransDigm Group, Inc............................... 33,865 6,960,273 * TRC Cos., Inc...................................... 15,862 109,606 #* Trex Co., Inc...................................... 36,099 1,535,290 * Trimas Corp........................................ 41,015 1,106,995 # Trinity Industries, Inc............................ 205,809 5,447,764 # Triumph Group, Inc................................. 61,664 3,518,548 * TrueBlue, Inc...................................... 35,759 788,844 * Tutor Perini Corp.................................. 58,859 1,277,829 # Twin Disc, Inc..................................... 9,800 157,780 Tyco International P.L.C........................... 131,362 5,360,883 * Ultralife Corp..................................... 11,666 39,081 UniFirst Corp...................................... 15,482 1,797,925 Union Pacific Corp................................. 440,988 51,688,203 * United Continental Holdings, Inc................... 309,503 21,470,223 United Parcel Service, Inc. Class B................ 343,442 33,945,807 * United Rentals, Inc................................ 89,401 7,406,873 # United Stationers, Inc............................. 42,474 1,712,127 United Technologies Corp........................... 256,022 29,386,205 Universal Forest Products, Inc..................... 20,910 1,046,755 # Universal Truckload Services, Inc.................. 12,449 293,298 # US Ecology, Inc.................................... 21,698 899,599 #* USA Truck, Inc..................................... 9,198 255,704 #* USG Corp........................................... 150,526 4,583,517 #* UTi Worldwide, Inc................................. 154,822 1,837,737 # Valmont Industries, Inc............................ 27,703 3,327,684 * Vectrus, Inc....................................... 10,596 294,993 * Verisk Analytics, Inc. Class A..................... 100,013 6,435,837 #* Veritiv Corp....................................... 2,907 147,879 * Versar, Inc........................................ 4,038 12,316 102 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Industrials -- (Continued) Viad Corp.......................................... 31,442 $ 848,305 #* Vicor Corp......................................... 15,288 164,652 * Virco Manufacturing Corp........................... 6,445 15,468 * Volt Information Sciences, Inc..................... 10,850 136,059 # VSE Corp........................................... 3,584 259,374 #* Wabash National Corp............................... 90,742 1,131,553 * WABCO Holdings, Inc................................ 79,024 7,520,714 Wabtec Corp........................................ 58,515 4,883,077 # Waste Connections, Inc............................. 180,610 7,805,964 Waste Management, Inc.............................. 176,023 9,052,863 # Watsco, Inc........................................ 40,479 4,406,544 Watsco, Inc. Class B............................... 2,268 254,186 # Watts Water Technologies, Inc. Class A............. 31,205 1,829,549 # Werner Enterprises, Inc............................ 95,115 2,713,631 #* Wesco Aircraft Holdings, Inc....................... 16,489 215,017 #* WESCO International, Inc........................... 59,177 3,950,656 # West Corp.......................................... 18,621 608,907 * Willdan Group, Inc................................. 5,004 70,006 * Willis Lease Finance Corp.......................... 4,420 91,317 # Woodward, Inc...................................... 82,379 3,674,927 # WW Grainger, Inc................................... 36,881 8,698,015 #* XPO Logistics, Inc................................. 51,432 1,892,183 Xylem, Inc......................................... 133,392 4,548,667 * YRC Worldwide, Inc................................. 23,052 365,605 -------------- Total Industrials...................................... 1,539,980,891 -------------- Information Technology -- (16.1%) #* 3D Systems Corp.................................... 50,584 1,470,983 Accenture P.L.C. Class A........................... 288,747 24,263,410 * ACI Worldwide, Inc................................. 177,248 3,273,771 #* Acorn Energy, Inc.................................. 10,523 5,472 Activision Blizzard, Inc........................... 501,198 10,472,532 * Actua Corp......................................... 40,719 655,576 * Acxiom Corp........................................ 65,750 1,196,650 * ADDvantage Technologies Group, Inc................. 3,642 8,449 * Adobe Systems, Inc................................. 69,970 4,906,996 # ADTRAN, Inc........................................ 53,536 1,183,681 * Advanced Energy Industries, Inc.................... 49,179 1,180,296 #* Advanced Micro Devices, Inc........................ 392,735 1,009,329 # Advent Software, Inc............................... 68,935 2,884,930 * Aehr Test Systems.................................. 788 2,096 #* Agilysys, Inc...................................... 31,760 329,669 * Akamai Technologies, Inc........................... 69,184 4,023,396 #* Alliance Data Systems Corp......................... 43,623 12,599,631 Alliance Fiber Optic Products, Inc................. 5,439 78,757 * Alpha & Omega Semiconductor, Ltd................... 15,468 135,654 Altera Corp........................................ 90,194 2,969,637 Amdocs, Ltd........................................ 123,393 5,945,075 American Software, Inc. Class A.................... 19,865 164,681 * Amkor Technology, Inc.............................. 146,949 933,126 Amphenol Corp. Class A............................. 165,938 8,912,530 * Amtech Systems, Inc................................ 7,913 64,649 #* ANADIGICS, Inc..................................... 59,417 64,170 103 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) Analog Devices, Inc................................ 139,880 $ 7,288,447 * Anixter International, Inc......................... 30,516 2,299,686 * ANSYS, Inc......................................... 40,383 3,257,697 * AOL, Inc........................................... 80,654 3,488,285 Apple, Inc......................................... 2,394,046 280,486,429 Applied Materials, Inc............................. 361,152 8,248,712 #* ARRIS Group, Inc................................... 190,388 4,991,973 * Arrow Electronics, Inc............................. 116,151 6,392,951 * Aspen Technology, Inc.............................. 83,482 2,950,671 Astro-Med, Inc..................................... 4,620 67,614 * Atmel Corp......................................... 279,677 2,329,709 * Autobytel, Inc..................................... 267 2,603 * Autodesk, Inc...................................... 51,159 2,762,842 Automatic Data Processing, Inc..................... 183,248 15,123,457 Avago Technologies, Ltd............................ 90,014 9,260,640 * AVG Technologies NV................................ 65,803 1,301,583 #* Aviat Networks, Inc................................ 47,169 60,376 * Avid Technology, Inc............................... 37,151 481,477 Avnet, Inc......................................... 161,676 6,728,955 AVX Corp........................................... 90,916 1,175,544 Aware, Inc......................................... 12,087 58,985 #* Axcelis Technologies, Inc.......................... 62,314 149,554 * AXT, Inc........................................... 60,417 167,959 # Badger Meter, Inc.................................. 16,166 967,697 #* Bankrate, Inc...................................... 86,348 1,077,623 Bel Fuse, Inc. Class A............................. 1,700 35,190 Bel Fuse, Inc. Class B............................. 8,861 208,411 Belden, Inc........................................ 35,767 2,966,515 * Benchmark Electronics, Inc......................... 43,736 1,059,723 Black Box Corp..................................... 13,595 285,631 Blackbaud, Inc..................................... 43,269 1,891,288 #* Blackhawk Network Holdings, Inc.................... 2,627 87,637 * Blackhawk Network Holdings, Inc. Class B........... 38,110 1,261,822 #* Blucora, Inc....................................... 46,839 633,263 Booz Allen Hamilton Holding Corp................... 129,359 3,765,640 #* Bottomline Technologies de, Inc.................... 28,928 716,547 Broadcom Corp. Class A............................. 110,368 4,683,466 Broadridge Financial Solutions, Inc................ 200,445 9,619,356 #* BroadVision, Inc................................... 3,362 20,273 Brocade Communications Systems, Inc................ 519,699 5,779,053 Brooks Automation, Inc............................. 114,136 1,473,496 * Bsquare Corp....................................... 4,926 21,822 * BTU International, Inc............................. 5,073 13,342 CA, Inc............................................ 411,405 12,465,571 * Cabot Microelectronics Corp........................ 19,315 954,354 * CACI International, Inc. Class A................... 35,597 3,011,150 #* Cadence Design Systems, Inc........................ 292,591 5,263,712 #* CalAmp Corp........................................ 33,126 593,287 * Calix, Inc......................................... 65,858 632,237 #* Cardtronics, Inc................................... 65,463 2,200,211 * Cascade Microtech, Inc............................. 8,576 115,433 # Cass Information Systems, Inc...................... 9,849 431,583 #* Cavium, Inc........................................ 15,600 917,436 104 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) CDK Global, Inc.................................... 59,316 $ 2,678,711 CDW Corp........................................... 127,047 4,352,630 #* Ceva, Inc.......................................... 27,322 500,266 * Checkpoint Systems, Inc............................ 57,624 746,807 * ChyronHego Corp.................................... 5,535 15,470 #* Ciber, Inc......................................... 93,231 301,136 #* Ciena Corp......................................... 144,624 2,678,436 * Cimpress NV........................................ 23,086 1,859,577 #* Cirrus Logic, Inc.................................. 54,217 1,436,750 Cisco Systems, Inc................................. 1,778,262 46,883,878 * Citrix Systems, Inc................................ 70,795 4,195,312 #* Clearfield, Inc.................................... 8,284 97,586 * Cognex Corp........................................ 87,060 3,199,455 * Cognizant Technology Solutions Corp. Class A....... 186,044 10,070,562 * Coherent, Inc...................................... 30,973 1,916,609 Cohu, Inc.......................................... 18,797 212,970 Communications Systems, Inc........................ 6,855 70,264 #* CommVault Systems, Inc............................. 34,248 1,492,528 Computer Sciences Corp............................. 198,796 12,062,941 Computer Task Group, Inc........................... 12,978 104,992 * comScore, Inc...................................... 7,532 313,030 Comtech Telecommunications Corp.................... 23,386 772,673 * Comverse, Inc...................................... 3,459 59,599 Concurrent Computer Corp........................... 5,951 37,491 #* Constant Contact, Inc.............................. 24,536 927,952 # Convergys Corp..................................... 94,587 1,812,287 * CoreLogic, Inc..................................... 106,204 3,525,973 Corning, Inc....................................... 465,524 11,065,505 #* CoStar Group, Inc.................................. 21,709 4,005,528 * Covisint Corp...................................... 25,089 55,698 #* Cray, Inc.......................................... 29,644 963,134 #* Cree, Inc.......................................... 100,922 3,568,602 #* Crexendo, Inc...................................... 4,054 5,797 # CSG Systems International, Inc..................... 46,554 1,141,504 CSP, Inc........................................... 709 5,020 CTS Corp........................................... 30,923 494,768 #* CyberOptics Corp................................... 4,778 52,128 Daktronics, Inc.................................... 46,396 574,382 #* Datalink Corp...................................... 17,533 199,175 #* Dealertrack Technologies, Inc...................... 53,496 2,150,539 #* Demand Media, Inc.................................. 8,535 34,567 * Dice Holdings, Inc................................. 100,928 834,675 # Diebold, Inc....................................... 48,326 1,507,771 * Digi International, Inc............................ 22,616 215,983 # Digimarc Corp...................................... 4,419 119,401 #* Digital River, Inc................................. 37,018 945,070 * Diodes, Inc........................................ 56,751 1,499,929 Dolby Laboratories, Inc. Class A................... 61,520 2,386,976 * Dot Hill Systems Corp.............................. 26,438 110,246 * DSP Group, Inc..................................... 16,722 183,775 DST Systems, Inc................................... 59,014 5,706,654 * DTS, Inc........................................... 21,897 606,985 # EarthLink Holdings Corp............................ 172,129 726,384 105 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * eBay, Inc.......................................... 257,296 $13,636,688 # Ebix, Inc.......................................... 29,226 667,814 #* Echelon Corp....................................... 6,990 9,786 * EchoStar Corp. Class A............................. 53,444 2,788,173 * Edgewater Technology, Inc.......................... 5,900 41,595 Electro Rent Corp.................................. 22,444 289,303 # Electro Scientific Industries, Inc................. 23,740 148,850 * Electronic Arts, Inc............................... 122,671 6,729,731 * Electronics for Imaging, Inc....................... 45,694 1,766,073 #* Ellie Mae, Inc..................................... 16,863 746,019 #* eMagin Corp........................................ 9,611 28,352 EMC Corp........................................... 656,260 17,016,822 #* Emcore Corp........................................ 17,832 92,191 * Emulex Corp........................................ 120,521 754,461 #* EnerNOC, Inc....................................... 39,482 679,880 * Entegris, Inc...................................... 147,754 1,920,802 #* Entropic Communications, Inc....................... 91,723 237,563 * Envestnet, Inc..................................... 15,380 791,609 * EPAM Systems, Inc.................................. 44,636 2,184,039 EPIQ Systems, Inc.................................. 35,506 619,580 * ePlus, Inc......................................... 6,933 467,562 # Equinix, Inc....................................... 23,599 5,117,679 #* Euronet Worldwide, Inc............................. 51,903 2,355,877 #* Exar Corp.......................................... 47,766 430,849 * ExlService Holdings, Inc........................... 23,422 688,138 #* Extreme Networks, Inc.............................. 87,771 258,047 * F5 Networks, Inc................................... 36,125 4,032,272 #* Fabrinet........................................... 26,758 436,958 * Facebook, Inc. Class A............................. 691,953 52,526,152 # FactSet Research Systems, Inc...................... 41,765 5,997,036 Fair Isaac Corp.................................... 49,014 3,497,149 * Fairchild Semiconductor International, Inc......... 165,482 2,540,149 #* FalconStor Software, Inc........................... 21,742 30,004 * FARO Technologies, Inc............................. 11,460 634,311 # FEI Co............................................. 23,567 1,937,679 Fidelity National Information Services, Inc........ 272,865 17,034,962 #* Finisar Corp....................................... 87,719 1,591,223 * FireEye, Inc....................................... 64,828 2,191,835 #* First Solar, Inc................................... 105,227 4,453,207 * Fiserv, Inc........................................ 160,378 11,632,216 * FleetCor Technologies, Inc......................... 55,064 7,736,492 FLIR Systems, Inc.................................. 150,181 4,535,466 * FormFactor, Inc.................................... 94,625 714,419 # Forrester Research, Inc............................ 17,269 651,732 * Fortinet, Inc...................................... 80,829 2,416,383 #* Freescale Semiconductor, Ltd....................... 95,202 3,055,032 * Frequency Electronics, Inc......................... 5,169 58,952 * Gartner, Inc....................................... 57,888 4,875,327 * Genpact, Ltd....................................... 216,511 4,345,376 * GigOptix, Inc...................................... 1,174 1,350 * Global Cash Access Holdings, Inc................... 98,986 654,297 Global Payments, Inc............................... 125,852 10,988,138 Globalscape, Inc................................... 7,843 18,196 106 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Google, Inc. Class A............................... 68,974 $37,076,974 * Google, Inc. Class C............................... 68,974 36,867,982 #* GSE Systems, Inc................................... 10,738 17,825 * GSI Group, Inc..................................... 25,444 336,370 * GSI Technology, Inc................................ 11,682 59,111 * GTT Communications, Inc............................ 27,658 318,344 #* Guidance Software, Inc............................. 5,853 38,396 #* Guidewire Software, Inc............................ 41,686 2,088,469 Hackett Group, Inc. (The).......................... 30,512 231,281 #* Harmonic, Inc...................................... 148,910 1,139,161 Harris Corp........................................ 67,326 4,519,594 # Heartland Payment Systems, Inc..................... 42,741 2,127,220 Hewlett-Packard Co................................. 1,245,191 44,988,751 #* HomeAway, Inc...................................... 51,066 1,301,672 #* Hutchinson Technology, Inc......................... 25,771 89,941 IAC/InterActiveCorp................................ 94,123 5,736,797 * ID Systems, Inc.................................... 7,118 46,908 * Identiv, Inc....................................... 2,956 37,275 * IEC Electronics Corp............................... 5,002 22,409 * iGATE Corp......................................... 69,659 2,465,929 * II-VI, Inc......................................... 68,024 1,169,333 #* Imation Corp....................................... 27,305 102,667 #* Immersion Corp..................................... 9,931 93,451 #* Infinera Corp...................................... 91,317 1,472,030 * Informatica Corp................................... 59,365 2,474,630 * Ingram Micro, Inc. Class A......................... 163,630 4,120,203 * Innodata, Inc...................................... 13,032 37,272 #* Inphi Corp......................................... 15,287 299,625 * Insight Enterprises, Inc........................... 55,387 1,311,010 #* Integrated Device Technology, Inc.................. 145,003 2,652,105 Integrated Silicon Solution, Inc................... 45,114 725,433 Intel Corp......................................... 2,389,662 78,954,432 #* Intellicheck Mobilisa, Inc......................... 514 756 #* Interactive Intelligence Group, Inc................ 6,712 272,239 # InterDigital, Inc.................................. 46,307 2,314,424 #* Internap Corp...................................... 55,369 466,207 International Business Machines Corp............... 437,734 67,109,000 * Interphase Corp.................................... 2,397 4,938 Intersil Corp. Class A............................. 138,626 1,983,738 * inTEST Corp........................................ 1,100 4,664 #* Intevac, Inc....................................... 16,827 109,375 * IntraLinks Holdings, Inc........................... 56,151 598,570 * IntriCon Corp...................................... 2,604 19,270 Intuit, Inc........................................ 123,403 10,713,848 #* Inuvo, Inc......................................... 773 989 #* IPG Photonics Corp................................. 59,370 4,431,377 * Iteris, Inc........................................ 3,700 6,660 #* Itron, Inc......................................... 42,093 1,566,281 #* Ixia............................................... 66,615 675,476 IXYS Corp.......................................... 39,817 449,932 # j2 Global, Inc..................................... 50,363 2,892,851 # Jabil Circuit, Inc................................. 263,819 5,437,310 Jack Henry & Associates, Inc....................... 119,954 7,361,577 107 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) #* JDS Uniphase Corp.................................. 236,950 $ 2,878,942 Juniper Networks, Inc.............................. 235,211 5,346,346 #* Kemet Corp......................................... 43,819 166,512 * Key Tronic Corp.................................... 8,234 75,917 * Keysight Technologies, Inc......................... 36,703 1,225,513 * Kimball Electronics, Inc........................... 22,900 233,122 KLA-Tencor Corp.................................... 73,379 4,510,607 #* Knowles Corp....................................... 53,836 1,141,862 * Kofax, Ltd......................................... 8,735 60,184 #* Kopin Corp......................................... 52,846 192,888 * Kulicke & Soffa Industries, Inc.................... 116,234 1,763,270 #* KVH Industries, Inc................................ 14,698 177,846 Lam Research Corp.................................. 124,245 9,497,288 * Lattice Semiconductor Corp......................... 129,056 920,169 Leidos Holdings, Inc............................... 90,950 3,765,330 # Lexmark International, Inc. Class A................ 99,929 3,988,166 * LGL Group, Inc. (The).............................. 964 3,663 * Limelight Networks, Inc............................ 80,422 213,923 Linear Technology Corp............................. 156,455 7,031,088 * LinkedIn Corp. Class A............................. 18,979 4,265,340 #* Lionbridge Technologies, Inc....................... 54,085 269,343 #* Liquidity Services, Inc............................ 2,998 23,205 Littelfuse, Inc.................................... 17,754 1,753,030 #* LoJack Corp........................................ 18,587 39,404 * M/A-COM Technology Solutions Holdings, Inc......... 4,511 146,653 * Magnachip Semiconductor Corp....................... 38,971 560,403 * Manhattan Associates, Inc.......................... 88,179 3,936,311 # ManTech International Corp. Class A................ 30,175 981,593 # Marchex, Inc. Class B.............................. 18,835 71,761 Marvell Technology Group, Ltd...................... 273,445 4,235,663 MasterCard, Inc. Class A........................... 466,372 38,256,495 #* Mattersight Corp................................... 2,290 12,709 * Mattson Technology, Inc............................ 22,568 74,249 Maxim Integrated Products, Inc..................... 155,595 5,148,639 MAXIMUS, Inc....................................... 100,368 5,592,505 * MaxLinear, Inc. Class A............................ 9,110 73,335 #* Maxwell Technologies, Inc.......................... 30,742 244,706 Mentor Graphics Corp............................... 118,852 2,734,785 * Mercury Systems, Inc............................... 29,932 472,327 # Mesa Laboratories, Inc............................. 2,478 188,749 Methode Electronics, Inc........................... 33,723 1,219,761 Micrel, Inc........................................ 44,629 627,930 # Microchip Technology, Inc.......................... 112,660 5,080,966 #* Micron Technology, Inc............................. 685,916 20,073,332 * Microsemi Corp..................................... 98,697 2,749,698 Microsoft Corp..................................... 3,213,037 129,806,695 MKS Instruments, Inc............................... 58,273 2,040,138 # MOCON, Inc......................................... 3,434 59,580 #* ModusLink Global Solutions, Inc.................... 27,305 98,571 #* MoneyGram International, Inc....................... 22,061 187,960 Monolithic Power Systems, Inc...................... 27,993 1,329,388 Monotype Imaging Holdings, Inc..................... 31,633 928,112 #* Monster Worldwide, Inc............................. 116,442 480,905 108 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* MoSys, Inc......................................... 27,600 $ 55,476 Motorola Solutions, Inc............................ 107,763 6,725,489 # MTS Systems Corp................................... 18,026 1,302,919 #* Multi-Fineline Electronix, Inc..................... 19,220 250,052 #* Nanometrics, Inc................................... 23,085 358,741 * NAPCO Security Technologies, Inc................... 8,159 40,550 National Instruments Corp.......................... 100,630 3,026,950 * NCI, Inc. Class A.................................. 5,008 61,699 * NCR Corp........................................... 215,409 5,471,389 * NeoPhotonics Corp.................................. 1,440 4,320 NetApp, Inc........................................ 193,601 7,318,118 * NETGEAR, Inc....................................... 49,882 1,684,515 #* Netscout Systems, Inc.............................. 38,043 1,365,744 #* NetSuite, Inc...................................... 10,679 1,051,134 #* NeuStar, Inc. Class A.............................. 51,089 1,343,130 * Newport Corp....................................... 55,505 1,027,953 NIC, Inc........................................... 38,349 629,691 #* Novatel Wireless, Inc.............................. 23,600 124,608 #* Nuance Communications, Inc......................... 328,315 4,512,690 #* Numerex Corp. Class A.............................. 7,300 76,504 # NVIDIA Corp........................................ 437,793 8,407,815 #* Oclaro, Inc........................................ 55,087 78,774 * OmniVision Technologies, Inc....................... 52,695 1,424,873 * ON Semiconductor Corp.............................. 531,049 5,315,800 #* Onvia, Inc......................................... 442 2,046 Optical Cable Corp................................. 3,696 19,256 Oracle Corp........................................ 1,441,511 60,384,896 * OSI Systems, Inc................................... 16,086 1,125,698 #* Palo Alto Networks, Inc............................ 29,800 3,766,422 #* Pandora Media, Inc................................. 76,987 1,277,984 * PAR Technology Corp................................ 8,654 49,674 Park Electrochemical Corp.......................... 18,914 410,623 #* Parkervision, Inc.................................. 2,905 2,963 Paychex, Inc....................................... 233,670 10,575,904 PC Connection, Inc................................. 18,315 434,981 PC-Tel, Inc........................................ 12,027 100,907 * PCM, Inc........................................... 7,619 72,380 * PDF Solutions, Inc................................. 18,469 306,955 Pegasystems, Inc................................... 37,414 732,192 Perceptron, Inc.................................... 7,250 77,647 * Perficient, Inc.................................... 37,689 678,402 * Pericom Semiconductor Corp......................... 20,846 304,560 #* Photronics, Inc.................................... 53,760 451,584 #* Planar Systems, Inc................................ 9,180 67,198 Plantronics, Inc................................... 37,283 1,708,680 * Plexus Corp........................................ 41,793 1,583,537 * PMC-Sierra, Inc.................................... 189,227 1,672,767 * Polycom, Inc....................................... 154,045 2,048,798 Power Integrations, Inc............................ 23,948 1,235,238 #* PRGX Global, Inc................................... 24,971 129,599 #* Procera Networks, Inc.............................. 13,749 120,716 * Progress Software Corp............................. 51,253 1,283,888 * PTC, Inc........................................... 152,544 5,096,495 109 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) QAD, Inc. Class A.................................. 5,894 $ 113,990 QAD, Inc. Class B.................................. 1,959 33,910 * QLogic Corp........................................ 125,417 1,675,571 * Qorvo, Inc......................................... 153,633 11,348,870 QUALCOMM, Inc...................................... 411,597 25,708,349 * Qualstar Corp...................................... 3,826 5,433 #* Quantum Corp....................................... 104,104 164,484 #* QuinStreet, Inc.................................... 30,209 154,670 * Qumu Corp.......................................... 6,460 91,732 * Rackspace Hosting, Inc............................. 156,646 7,042,804 * Radisys Corp....................................... 20,449 47,442 #* Rambus, Inc........................................ 90,234 1,015,132 * RealD, Inc......................................... 33,877 367,565 * RealNetworks, Inc.................................. 129,142 907,868 #* RealPage, Inc...................................... 20,403 367,458 * Red Hat, Inc....................................... 52,337 3,338,577 Reis, Inc.......................................... 6,081 136,822 #* Relm Wireless Corp................................. 1,238 6,599 #* Remark Media, Inc.................................. 1,020 4,539 # RF Industries, Ltd................................. 4,931 22,140 Richardson Electronics, Ltd........................ 9,355 87,656 #* Rightside Group, Ltd............................... 8,535 67,426 * Riverbed Technology, Inc........................... 110,153 2,266,949 * Rofin-Sinar Technologies, Inc...................... 35,141 945,996 * Rogers Corp........................................ 19,222 1,419,737 #* Rosetta Stone, Inc................................. 20,764 187,291 * Rovi Corp.......................................... 136,323 3,150,425 #* Rubicon Technology, Inc............................ 18,250 75,920 #* Rudolph Technologies, Inc.......................... 36,141 362,494 * Saba Software, Inc................................. 10,919 105,259 * Salesforce.com, Inc................................ 135,290 7,637,120 SanDisk Corp....................................... 100,322 7,615,443 * Sanmina Corp....................................... 103,088 2,183,404 * Sapient Corp....................................... 152,966 3,802,735 * ScanSource, Inc.................................... 33,170 1,143,702 Science Applications International Corp............ 55,369 2,700,900 #* Seachange International, Inc....................... 35,007 247,149 # Seagate Technology P.L.C........................... 204,877 11,563,258 * Semtech Corp....................................... 45,330 1,154,102 * ServiceNow, Inc.................................... 24,300 1,771,470 #* ServiceSource International, Inc................... 5,015 16,800 * Sevcon, Inc........................................ 613 4,555 * ShoreTel, Inc...................................... 54,109 383,092 #* Shutterstock, Inc.................................. 14,654 824,874 * Sigma Designs, Inc................................. 36,280 230,741 * Silicon Graphics International Corp................ 18,836 177,623 * Silicon Image, Inc................................. 95,518 693,461 * Silicon Laboratories, Inc.......................... 32,884 1,439,004 Skyworks Solutions, Inc............................ 187,419 15,565,148 * SMTC Corp.......................................... 10,077 16,728 * SolarWinds, Inc.................................... 43,617 2,100,159 Solera Holdings, Inc............................... 66,012 3,406,219 * Sonus Networks, Inc................................ 48,447 924,369 110 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Spansion, Inc. Class A............................. 59,964 $ 2,126,323 #* Speed Commerce, Inc................................ 23,259 55,356 #* Splunk, Inc........................................ 15,858 819,066 SS&C Technologies Holdings, Inc.................... 75,258 4,164,025 * Stamps.com, Inc.................................... 13,952 635,793 * StarTek, Inc....................................... 8,170 77,043 #* Stratasys, Ltd..................................... 51,731 4,112,097 #* SunEdison, Inc..................................... 205,115 3,841,804 #* SunPower Corp...................................... 104,563 2,522,060 * Super Micro Computer, Inc.......................... 43,745 1,599,755 * support.com, Inc................................... 43,901 86,046 * Sykes Enterprises, Inc............................. 62,088 1,398,222 Symantec Corp...................................... 559,622 13,861,837 #* Synaptics, Inc..................................... 36,543 2,806,868 #* Synchronoss Technologies, Inc...................... 37,467 1,591,223 # SYNNEX Corp........................................ 52,950 3,928,360 * Synopsys, Inc...................................... 105,821 4,549,245 * Syntel, Inc........................................ 81,635 3,530,714 * Tableau Software, Inc. Class A..................... 12,750 1,029,690 #* Take-Two Interactive Software, Inc................. 164,640 4,893,101 #* Tangoe, Inc........................................ 5,369 61,368 TE Connectivity, Ltd............................... 157,661 10,467,114 * Tech Data Corp..................................... 55,911 3,192,518 * TeleCommunication Systems, Inc. Class A............ 44,803 126,792 #* Telenav, Inc....................................... 34,314 222,355 * TeleTech Holdings, Inc............................. 43,342 956,125 #* Teradata Corp...................................... 123,599 5,507,571 Teradyne, Inc...................................... 223,794 4,050,671 Tessco Technologies, Inc........................... 6,747 152,820 Tessera Technologies, Inc.......................... 52,636 1,951,743 Texas Instruments, Inc............................. 429,779 22,971,688 TheStreet, Inc..................................... 10,517 21,875 #* TiVo, Inc.......................................... 45,837 479,455 Total System Services, Inc......................... 177,266 6,269,898 Transact Technologies, Inc......................... 5,192 30,892 #* Travelzoo, Inc..................................... 2,163 18,559 * Trimble Navigation, Ltd............................ 85,222 2,031,692 * Trio Tech International............................ 1,525 4,514 * TSR, Inc........................................... 210 893 #* TTM Technologies, Inc.............................. 105,543 733,524 #* Twitter, Inc....................................... 47,800 1,793,934 * Tyler Technologies, Inc............................ 26,035 2,761,793 # Ubiquiti Networks, Inc............................. 24,335 639,889 #* Ultimate Software Group, Inc. (The)................ 16,795 2,485,828 * Ultra Clean Holdings, Inc.......................... 25,327 222,878 #* Ultratech, Inc..................................... 33,873 539,936 * Unisys Corp........................................ 67,045 1,470,297 * United Online, Inc................................. 16,087 212,348 #* Universal Security Instruments, Inc................ 1,135 7,014 * Unwired Planet, Inc................................ 42,677 42,122 #* USA Technologies, Inc.............................. 15,296 30,133 * Vantiv, Inc. Class A............................... 167,942 5,775,525 #* VASCO Data Security International, Inc............. 17,422 374,573 111 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Information Technology -- (Continued) #* Veeco Instruments, Inc............................ 57,214 $ 1,668,932 #* VeriFone Systems, Inc............................. 110,107 3,456,259 * Verint Systems, Inc............................... 54,712 2,920,527 #* VeriSign, Inc..................................... 49,085 2,674,151 #* ViaSat, Inc....................................... 37,085 2,084,919 * Viasystems Group, Inc............................. 15,052 240,983 Vicon Industries, Inc............................. 600 930 * Video Display Corp................................ 3,612 9,066 #* Virtusa Corp...................................... 22,068 826,667 Visa, Inc. Class A................................ 161,993 41,293,636 # Vishay Intertechnology, Inc....................... 174,612 2,378,215 * Vishay Precision Group, Inc....................... 12,209 203,158 #* VMware, Inc. Class A.............................. 17,754 1,368,833 Wayside Technology Group, Inc..................... 2,300 40,779 #* Web.com Group, Inc................................ 31,944 482,674 #* WebMD Health Corp................................. 19,469 754,424 * Westell Technologies, Inc. Class A................ 44,422 55,527 Western Digital Corp.............................. 158,501 15,411,052 # Western Union Co. (The)........................... 316,200 5,375,400 #* WEX, Inc.......................................... 44,601 4,105,522 * Wireless Telecom Group, Inc....................... 3,316 10,445 #* Workday, Inc. Class A............................. 18,200 1,446,172 * Xcerra Corp....................................... 41,824 321,208 Xerox Corp........................................ 951,992 12,537,735 Xilinx, Inc....................................... 136,243 5,255,574 * XO Group, Inc..................................... 24,719 406,380 * Yahoo!, Inc....................................... 326,901 14,380,375 #* Yelp, Inc......................................... 19,173 1,006,007 * Zebra Technologies Corp. Class A.................. 40,515 3,381,382 #* Zillow, Inc. Class A.............................. 13,590 1,317,143 #* Zix Corp.......................................... 44,261 156,684 #* Zynga, Inc. Class A............................... 1,033,488 2,645,729 -------------- Total Information Technology.......................... 2,013,462,441 -------------- Materials -- (4.4%) A Schulman, Inc................................... 28,785 1,003,157 #* AEP Industries, Inc............................... 4,361 218,530 Air Products & Chemicals, Inc..................... 63,124 9,191,486 Airgas, Inc....................................... 66,879 7,533,251 # Albemarle Corp.................................... 103,673 5,003,259 Alcoa, Inc........................................ 662,761 10,372,210 Allegheny Technologies, Inc....................... 114,782 3,274,730 #* Allied Nevada Gold Corp........................... 61,549 63,395 #* AM Castle & Co.................................... 20,061 121,369 * American Biltrite, Inc............................ 17 7,310 # American Vanguard Corp............................ 32,079 358,643 # Ampco-Pittsburgh Corp............................. 7,591 138,156 # Aptargroup, Inc................................... 69,126 4,362,542 # Ashland, Inc...................................... 49,684 5,888,548 Avery Dennison Corp............................... 119,673 6,255,308 Axiall Corp....................................... 78,893 3,491,015 Balchem Corp...................................... 28,958 1,533,905 Ball Corp......................................... 111,356 7,052,175 112 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Bemis Co., Inc..................................... 145,490 $ 6,445,207 * Berry Plastics Group, Inc.......................... 120,153 4,063,574 * Boise Cascade Co................................... 40,047 1,619,501 Cabot Corp......................................... 64,308 2,727,302 * Calgon Carbon Corp................................. 56,483 1,114,410 Carpenter Technology Corp.......................... 56,975 2,161,632 Celanese Corp. Series A............................ 148,796 7,999,273 * Century Aluminum Co................................ 104,407 2,412,846 CF Industries Holdings, Inc........................ 74,584 22,776,462 Chase Corp......................................... 5,531 198,010 * Chemtura Corp...................................... 106,726 2,325,560 * Clearwater Paper Corp.............................. 25,713 1,903,276 # Cliffs Natural Resources, Inc...................... 72,487 465,367 #* Codexis, Inc....................................... 5,607 21,419 #* Coeur Mining, Inc.................................. 77,841 490,398 Commercial Metals Co............................... 177,757 2,385,499 Compass Minerals International, Inc................ 56,404 4,929,710 #* Contango ORE, Inc.................................. 833 3,332 * Continental Materials Corp......................... 268 4,663 * Core Molding Technologies, Inc..................... 5,580 80,910 * Crown Holdings, Inc................................ 77,549 3,436,196 Cytec Industries, Inc.............................. 105,125 5,044,949 # Deltic Timber Corp................................. 8,812 550,750 Domtar Corp........................................ 73,158 2,801,951 Dow Chemical Co. (The)............................. 536,388 24,223,282 Eagle Materials, Inc............................... 54,322 3,868,813 Eastman Chemical Co................................ 208,361 14,770,711 Ecolab, Inc........................................ 89,854 9,324,150 EI du Pont de Nemours & Co......................... 324,904 23,136,414 * Ferro Corp......................................... 196,259 2,184,363 #* Flotek Industries, Inc............................. 51,317 829,796 FMC Corp........................................... 85,279 4,903,542 Freeport-McMoRan, Inc.............................. 570,861 9,596,173 Friedman Industries, Inc........................... 5,521 34,561 FutureFuel Corp.................................... 42,155 463,283 #* General Moly, Inc.................................. 63,899 38,339 Globe Specialty Metals, Inc........................ 52,261 805,865 * Graphic Packaging Holding Co....................... 467,132 6,764,071 Greif, Inc. Class A................................ 27,616 1,054,931 Greif, Inc. Class B................................ 14,223 623,110 # Hawkins, Inc....................................... 8,404 323,638 Haynes International, Inc.......................... 15,183 591,074 # HB Fuller Co....................................... 45,971 1,891,707 * Headwaters, Inc.................................... 84,158 1,184,945 # Hecla Mining Co.................................... 247,286 813,571 #* Horsehead Holding Corp............................. 84,486 1,135,492 # Huntsman Corp...................................... 414,209 9,096,030 Innophos Holdings, Inc............................. 25,443 1,514,876 Innospec, Inc...................................... 25,081 989,947 International Flavors & Fragrances, Inc............ 39,240 4,163,756 International Paper Co............................. 218,811 11,522,587 #* Intrepid Potash, Inc............................... 65,369 870,061 # Kaiser Aluminum Corp............................... 16,078 1,114,366 113 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) KapStone Paper and Packaging Corp.................. 162,212 $ 4,845,272 KMG Chemicals, Inc................................. 9,500 198,740 Koppers Holdings, Inc.............................. 16,567 300,857 * Kraton Performance Polymers, Inc................... 36,238 700,843 # Kronos Worldwide, Inc.............................. 56,104 630,048 #* Louisiana-Pacific Corp............................. 196,686 3,219,750 #* LSB Industries, Inc................................ 28,903 902,930 LyondellBasell Industries NV Class A............... 195,033 15,425,160 # Martin Marietta Materials, Inc..................... 56,358 6,072,011 Materion Corp...................................... 33,550 1,105,473 #* McEwen Mining, Inc................................. 136,545 170,681 MeadWestvaco Corp.................................. 130,601 6,566,618 * Mercer International, Inc.......................... 54,913 696,297 Minerals Technologies, Inc......................... 34,848 2,276,620 #* Mines Management, Inc.............................. 4,267 2,176 #* Molycorp, Inc...................................... 10,678 3,524 Monsanto Co........................................ 233,749 27,577,707 Mosaic Co. (The)................................... 148,568 7,233,776 # Myers Industries, Inc.............................. 42,795 712,537 Neenah Paper, Inc.................................. 20,170 1,157,355 # NewMarket Corp..................................... 12,752 5,734,192 Newmont Mining Corp................................ 313,125 7,875,094 Noranda Aluminum Holding Corp...................... 65,873 199,595 #* Northern Technologies International Corp........... 2,180 44,548 Nucor Corp......................................... 229,411 10,013,790 # Olin Corp.......................................... 116,399 2,918,123 # Olympic Steel, Inc................................. 10,794 147,986 OM Group, Inc...................................... 28,483 797,524 #* OMNOVA Solutions, Inc.............................. 37,968 260,460 * Owens-Illinois, Inc................................ 230,455 5,381,124 Packaging Corp. of America......................... 72,239 5,479,328 * Penford Corp....................................... 9,592 180,521 PH Glatfelter Co................................... 55,071 1,259,474 PolyOne Corp....................................... 121,318 4,317,708 PPG Industries, Inc................................ 54,285 12,099,041 Praxair, Inc....................................... 136,312 16,437,864 Quaker Chemical Corp............................... 10,595 836,157 Reliance Steel & Aluminum Co....................... 75,852 3,972,369 #* Rentech, Inc....................................... 153,569 184,283 * Resolute Forest Products, Inc...................... 8,001 136,017 Rock-Tenn Co. Class A.............................. 120,541 7,823,111 # Royal Gold, Inc.................................... 70,305 5,094,300 RPM International, Inc............................. 125,399 6,001,596 * RTI International Metals, Inc...................... 31,979 713,132 # Schnitzer Steel Industries, Inc. Class A........... 43,352 731,782 Schweitzer-Mauduit International, Inc.............. 30,903 1,200,891 Scotts Miracle-Gro Co. (The) Class A............... 96,566 6,125,181 Sealed Air Corp.................................... 164,108 6,646,374 #* Senomyx, Inc....................................... 8,376 44,225 Sensient Technologies Corp......................... 53,121 3,240,381 Sherwin-Williams Co. (The)......................... 38,850 10,538,839 Sigma-Aldrich Corp................................. 45,675 6,281,226 Silgan Holdings, Inc............................... 83,629 4,299,367 114 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) Sonoco Products Co................................. 99,961 $ 4,418,276 # Southern Copper Corp............................... 73,734 2,011,464 Steel Dynamics, Inc................................ 292,222 4,979,463 Stepan Co.......................................... 14,828 569,395 #* Stillwater Mining Co............................... 107,140 1,464,604 SunCoke Energy, Inc................................ 96,443 1,456,289 Synalloy Corp...................................... 4,755 79,409 TimkenSteel Corp................................... 40,213 1,085,751 * Trecora Resources.................................. 13,745 188,994 Tredegar Corp...................................... 13,871 296,701 Tronox, Ltd. Class A............................... 74,433 1,573,514 # United States Lime & Minerals, Inc................. 3,496 241,748 # United States Steel Corp........................... 248,639 6,076,737 #* Universal Stainless & Alloy Products, Inc.......... 5,675 126,496 # Valhi, Inc......................................... 66,024 377,657 # Valspar Corp. (The)................................ 63,347 5,285,040 #* Verso Corp......................................... 8,558 17,972 Vulcan Materials Co................................ 89,026 6,277,223 # Walter Energy, Inc................................. 54,392 50,704 # Wausau Paper Corp.................................. 47,952 487,192 Westlake Chemical Corp............................. 70,852 4,060,528 Worthington Industries, Inc........................ 75,774 2,267,916 * WR Grace & Co...................................... 62,027 5,376,500 Zep, Inc........................................... 15,790 252,956 ------------ Total Materials........................................ 545,501,147 ------------ Other -- (0.0%) o* Concord Camera Corp. Escrow Shares................. 405 -- o* Gerber Scientific, Inc. Escrow Shares.............. 15,579 -- o* Softbrands, Inc. Escrow Shares..................... 3,200 -- ------------ Total Other............................................ -- ------------ Real Estate Investment Trusts -- (0.1%) CareTrust REIT, Inc................................ 22,876 308,368 # Iron Mountain, Inc................................. 294,762 11,743,318 Lamar Advertising Co. Class A...................... 98,178 5,499,932 ------------ Total Real Estate Investment Trusts.................... 17,551,618 ------------ Telecommunication Services -- (2.2%) #* 8x8, Inc........................................... 51,971 400,696 #* Alaska Communications Systems Group, Inc........... 30,523 54,331 * Alteva............................................. 3,521 25,703 # AT&T, Inc.......................................... 3,609,536 118,825,925 # Atlantic Tele-Network, Inc......................... 17,662 1,173,287 #* Boingo Wireless, Inc............................... 15,895 134,313 CenturyLink, Inc................................... 326,017 12,118,052 * Cincinnati Bell, Inc............................... 230,777 676,177 Cogent Communications Holdings, Inc................ 43,669 1,618,373 # Consolidated Communications Holdings, Inc.......... 51,948 1,209,349 # Frontier Communications Corp....................... 1,162,352 7,805,194 * General Communication, Inc. Class A................ 72,232 1,060,366 IDT Corp. Class B.................................. 21,683 463,149 115 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Telecommunication Services -- (Continued) Inteliquent, Inc................................... 58,827 $ 989,470 #* Intelsat SA........................................ 9,450 148,837 #* Iridium Communications, Inc........................ 57,785 491,750 * Level 3 Communications, Inc........................ 245,832 12,227,684 Lumos Networks Corp................................ 24,438 391,741 # NTELOS Holdings Corp............................... 26,667 109,335 * ORBCOMM, Inc....................................... 55,190 306,856 * Premiere Global Services, Inc...................... 55,133 487,376 * SBA Communications Corp. Class A................... 77,607 9,056,737 Shenandoah Telecommunications Co................... 52,572 1,561,914 Spok Holdings, Inc................................. 21,634 370,374 #* Sprint Corp........................................ 162,623 699,279 #* Straight Path Communications, Inc. Class B......... 8,024 153,900 #* T-Mobile US, Inc................................... 100,498 3,033,030 Telephone & Data Systems, Inc...................... 131,430 3,055,747 #* United States Cellular Corp........................ 29,939 1,041,578 Verizon Communications, Inc........................ 2,051,874 93,791,161 #* Vonage Holdings Corp............................... 252,470 1,060,374 Windstream Holdings, Inc........................... 961,974 7,647,693 ------------ Total Telecommunication Services....................... 282,189,751 ------------ Utilities -- (3.0%) AES Corp........................................... 386,774 4,726,378 AGL Resources, Inc................................. 70,659 3,983,754 ALLETE, Inc........................................ 49,374 2,797,037 Alliant Energy Corp................................ 48,892 3,354,480 Ameren Corp........................................ 107,547 4,869,728 American Electric Power Co., Inc................... 148,078 9,300,779 American States Water Co........................... 42,513 1,685,215 American Water Works Co., Inc...................... 75,938 4,263,159 # Aqua America, Inc.................................. 193,219 5,226,574 # Artesian Resources Corp. Class A................... 4,218 93,429 Atmos Energy Corp.................................. 111,230 6,330,099 # Avista Corp........................................ 68,902 2,558,331 Black Hills Corp................................... 49,536 2,484,726 #* Cadiz, Inc......................................... 2,464 23,802 California Water Service Group..................... 52,588 1,290,510 #* Calpine Corp....................................... 502,100 10,483,848 CenterPoint Energy, Inc............................ 194,478 4,490,497 # Chesapeake Utilities Corp.......................... 14,259 695,269 Cleco Corp......................................... 66,034 3,589,608 CMS Energy Corp.................................... 103,112 3,890,416 # Connecticut Water Service, Inc..................... 8,395 301,884 # Consolidated Edison, Inc........................... 101,802 7,052,843 # Consolidated Water Co., Ltd........................ 12,219 132,576 # Delta Natural Gas Co., Inc......................... 2,858 60,675 # Dominion Resources, Inc............................ 183,085 14,077,406 DTE Energy Co...................................... 78,691 7,055,435 Duke Energy Corp................................... 228,964 19,951,923 * Dynegy, Inc........................................ 126,154 3,446,527 Edison International............................... 99,099 6,753,597 El Paso Electric Co................................ 44,025 1,763,642 Empire District Electric Co. (The)................. 48,101 1,465,637 116 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Utilities -- (Continued) Entergy Corp....................................... 81,645 $ 7,144,754 Exelon Corp........................................ 267,819 9,652,197 FirstEnergy Corp................................... 190,356 7,677,058 Gas Natural, Inc................................... 3,269 31,873 Genie Energy, Ltd. Class B......................... 16,745 104,991 Great Plains Energy, Inc........................... 168,511 4,982,870 Hawaiian Electric Industries, Inc.................. 99,816 3,423,689 # IDACORP, Inc....................................... 55,685 3,781,568 Integrys Energy Group, Inc......................... 68,043 5,518,287 ITC Holdings Corp.................................. 161,962 6,889,864 # Laclede Group, Inc. (The).......................... 46,755 2,513,549 MDU Resources Group, Inc........................... 141,874 3,207,771 # MGE Energy, Inc.................................... 36,730 1,685,907 # Middlesex Water Co................................. 13,098 286,453 # National Fuel Gas Co............................... 91,817 5,823,952 New Jersey Resources Corp.......................... 46,407 2,964,479 NextEra Energy, Inc................................ 137,029 14,969,048 NiSource, Inc...................................... 139,544 6,036,673 # Northeast Utilities................................ 143,152 7,956,388 # Northwest Natural Gas Co........................... 29,523 1,473,493 # NorthWestern Corp.................................. 51,328 2,964,705 NRG Energy, Inc.................................... 165,040 4,069,886 # NRG Yield, Inc. Class A............................ 37,505 1,983,264 OGE Energy Corp.................................... 90,215 3,173,764 # ONE Gas, Inc....................................... 56,919 2,515,251 # Ormat Technologies, Inc............................ 33,366 892,541 # Otter Tail Corp.................................... 38,642 1,194,811 Pepco Holdings, Inc................................ 86,562 2,376,127 PG&E Corp.......................................... 148,079 8,708,526 Piedmont Natural Gas Co., Inc...................... 84,793 3,382,393 Pinnacle West Capital Corp......................... 49,014 3,439,803 # PNM Resources, Inc................................. 86,195 2,628,948 # Portland General Electric Co....................... 90,969 3,611,469 PPL Corp........................................... 207,237 7,356,914 Public Service Enterprise Group, Inc............... 162,979 6,955,944 Questar Corp....................................... 191,403 4,966,908 RGC Resources, Inc................................. 1,530 32,880 # SCANA Corp......................................... 63,144 4,026,693 Sempra Energy...................................... 72,877 8,156,394 # SJW Corp........................................... 17,759 599,721 South Jersey Industries, Inc....................... 36,708 2,138,241 Southern Co. (The)................................. 286,549 14,533,765 Southwest Gas Corp................................. 50,893 3,127,884 # TECO Energy, Inc................................... 256,568 5,472,595 UGI Corp........................................... 208,799 7,723,475 # UIL Holdings Corp.................................. 62,440 2,872,240 # Unitil Corp........................................ 15,531 580,238 Vectren Corp....................................... 90,137 4,319,365 # Westar Energy, Inc................................. 144,209 6,160,609 # WGL Holdings, Inc.................................. 54,786 3,095,409 # Wisconsin Energy Corp.............................. 90,124 5,026,215 Xcel Energy, Inc................................... 211,496 7,937,445 117 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Utilities -- (Continued) # York Water Co................................ 10,442 $ 247,162 --------------- Total Utilities.................................... 370,596,233 --------------- TOTAL COMMON STOCKS................................ 11,276,226,182 --------------- PREFERRED STOCKS -- (0.0%) Other -- (0.0%) o* Enron TOPRS Escrow Shares.................... 666 -- --------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights... 988 -- o* Community Health Systems, Inc. Rights 01/04/16................................... 216,226 5,838 o* Eagle Bulk Shipping, Inc. Warrants 10/15/21.. 1,021 1,327 o* Furiex Pharmaceuticals Contingent Value Rights..................................... 6,234 60,906 o#* Ikanos Communications Rights 01/12/2015...... 4,543 -- o* Leap Wireless International, Inc. Contingent Value Rights............................... 51,554 129,916 o#* Magnum Hunter Resources Corp. Warrants 04/15/16................................... 12,563 -- o* Providence Service Corp. (The) Rights 02/05/2015................................. 963 -- o* Safeway Casa Ley Contingent Value Rights..... 213,913 217,100 o* Safeway PDC, LLC Contingent Value Rights..... 213,913 10,439 o* Sears Holdings Corporation Rights............ 1 -- o* Southern Community Financial Corp. Contingent Value Rights.................... 5,725 5,300 o* Tejon Ranch Co. Warrants 08/31/16............ 2,148 3,158 --------------- TOTAL RIGHTS/WARRANTS.............................. 433,984 --------------- BONDS -- (0.0%) Other -- (0.0%) o* Capital Properties, Inc., 5.000%............. 540 506 --------------- TEMPORARY CASH INVESTMENTS -- (0.5%) State Street Institutional Liquid Reserves, 0.089%..................................... 58,811,488 58,811,488 --------------- SECURITIES LENDING COLLATERAL -- (9.4%) (S)@ DFA Short Term Investment Fund............... 101,851,198 1,178,418,359 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $9,382,901,404)^^.......................... $12,513,890,519 =============== 118 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- -------------- ------- --------------- Common Stocks Consumer Discretionary..... $ 1,763,150,323 $ 2,504 -- $ 1,763,152,827 Consumer Staples.... 899,116,054 -- -- 899,116,054 Energy.............. 888,505,991 -- -- 888,505,991 Financials.......... 1,588,282,859 1,881 -- 1,588,284,740 Health Care......... 1,367,884,489 -- -- 1,367,884,489 Industrials......... 1,539,980,891 -- -- 1,539,980,891 Information Technology........ 2,013,462,441 -- -- 2,013,462,441 Materials........... 545,501,147 -- -- 545,501,147 Other............... -- -- -- -- Real Estate Investment Trusts............ 17,551,618 -- -- 17,551,618 Telecommunication Services.......... 282,189,751 -- -- 282,189,751 Utilities........... 370,596,233 -- -- 370,596,233 Preferred Stocks Other............... -- -- -- -- Rights/Warrants........ -- 433,984 -- 433,984 Bonds Other............... -- 506 -- 506 Temporary Cash Investments.......... 58,811,488 -- -- 58,811,488 Securities Lending Collateral........... -- 1,178,418,359 -- 1,178,418,359 --------------- -------------- -- --------------- TOTAL.................. $11,335,033,285 $1,178,857,234 -- $12,513,890,519 =============== ============== == =============== 119 U.S. CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (89.5%) Consumer Discretionary -- (13.6%) * 1-800-Flowers.com, Inc. Class A.................... 52,848 $ 416,971 Aaron's, Inc....................................... 140,247 4,440,220 # Abercrombie & Fitch Co. Class A.................... 123,708 3,157,028 Advance Auto Parts, Inc............................ 32,852 5,223,468 #* Aeropostale, Inc................................... 130,833 319,233 #* AG&E Holdings, Inc................................. 4,482 3,272 AH Belo Corp. Class A.............................. 28,956 261,183 * Amazon.com, Inc.................................... 64,980 23,037,359 * Ambassadors Group, Inc............................. 23,469 59,142 #* AMC Networks, Inc. Class A......................... 52,173 3,479,939 AMCON Distributing Co.............................. 668 54,275 #* America's Car-Mart, Inc............................ 18,326 973,294 * American Axle & Manufacturing Holdings, Inc........ 121,044 2,947,421 # American Eagle Outfitters, Inc..................... 314,340 4,413,334 #* American Public Education, Inc..................... 34,275 1,150,612 * ANN, Inc........................................... 176,949 5,857,012 * Apollo Education Group, Inc. Class A............... 306,618 7,745,171 Arctic Cat, Inc.................................... 23,182 779,379 Ark Restaurants Corp............................... 4,916 121,081 * Asbury Automotive Group, Inc....................... 94,989 7,049,134 * Ascena Retail Group, Inc........................... 270,277 3,124,402 #* Ascent Capital Group, Inc. Class A................. 21,275 900,145 # Autoliv, Inc....................................... 65,264 6,921,900 * AutoNation, Inc.................................... 128,521 7,662,422 * AutoZone, Inc...................................... 10,328 6,165,403 * Ballantyne Strong, Inc............................. 17,770 72,679 #* Barnes & Noble, Inc................................ 165,086 3,877,870 Bassett Furniture Industries, Inc.................. 14,448 321,035 Beasley Broadcast Group, Inc. Class A.............. 8,562 44,694 * Beazer Homes USA, Inc.............................. 22,402 353,952 # bebe stores, Inc................................... 130,718 467,970 #* Bed Bath & Beyond, Inc............................. 268,974 20,111,186 * Belmond, Ltd. Class A.............................. 157,124 1,726,793 Best Buy Co., Inc.................................. 430,019 15,136,669 Big 5 Sporting Goods Corp.......................... 45,316 539,714 # Big Lots, Inc...................................... 152,963 7,022,531 * Biglari Holdings, Inc.............................. 3,600 1,490,292 #* BJ's Restaurants, Inc.............................. 65,509 2,901,394 * Bloomin' Brands, Inc............................... 156,101 3,858,036 #* Blue Nile, Inc..................................... 14,564 452,649 Blyth, Inc......................................... 24,520 181,693 Bob Evans Farms, Inc............................... 55,648 3,136,878 # Bon-Ton Stores, Inc. (The)......................... 26,063 142,825 * Books-A-Million, Inc............................... 20,408 51,428 BorgWarner, Inc.................................... 209,722 11,327,085 Bowl America, Inc. Class A......................... 3,937 57,087 #* Boyd Gaming Corp................................... 77,977 1,018,380 * Bravo Brio Restaurant Group, Inc................... 38,941 512,074 * Bridgepoint Education, Inc......................... 71,667 707,353 #* Bright Horizons Family Solutions, Inc.............. 21,482 1,042,951 Brinker International, Inc......................... 80,912 4,727,688 120 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Brown Shoe Co., Inc................................ 87,119 $ 2,473,308 Brunswick Corp..................................... 153,174 8,314,285 # Buckle, Inc. (The)................................. 38,775 1,969,382 #* Buffalo Wild Wings, Inc............................ 40,317 7,189,327 * Build-A-Bear Workshop, Inc......................... 30,434 627,549 #* Cabela's, Inc...................................... 100,507 5,522,860 # Cablevision Systems Corp. Class A.................. 188,774 3,571,604 # Callaway Golf Co................................... 143,184 1,168,381 * Cambium Learning Group, Inc........................ 82,206 206,337 * Canterbury Park Holding Corp....................... 5,270 52,964 Capella Education Co............................... 30,464 2,071,247 #* Career Education Corp.............................. 130,537 728,396 #* CarMax, Inc........................................ 189,735 11,782,543 * Carmike Cinemas, Inc............................... 44,598 1,234,027 Carnival Corp...................................... 153,190 6,734,232 # Carriage Services, Inc............................. 28,065 611,817 * Carrols Restaurant Group, Inc...................... 48,157 383,330 Carter's, Inc...................................... 80,251 6,539,654 Cato Corp. (The) Class A........................... 66,608 2,824,179 #* Cavco Industries, Inc.............................. 14,455 1,062,587 # CBS Corp. Class A.................................. 14,126 790,420 CBS Corp. Class B.................................. 287,701 15,768,892 #* Central European Media Enterprises, Ltd. Class A... 18,678 48,563 #* Charles & Colvard, Ltd............................. 29,159 52,486 * Charter Communications, Inc. Class A............... 48,366 7,308,828 # Cheesecake Factory, Inc. (The)..................... 187,868 9,864,949 Cherokee, Inc...................................... 8,005 145,531 Chico's FAS, Inc................................... 307,594 5,130,668 # Children's Place, Inc. (The)....................... 38,069 2,282,237 * Chipotle Mexican Grill, Inc........................ 12,522 8,888,616 # Choice Hotels International, Inc................... 50,274 2,888,241 #* Christopher & Banks Corp........................... 66,361 345,741 Churchill Downs, Inc............................... 29,902 2,840,391 #* Chuy's Holdings, Inc............................... 3,487 74,517 #* Cinedigm Corp...................................... 83,923 125,045 Cinemark Holdings, Inc............................. 227,575 8,458,963 * Citi Trends, Inc................................... 29,115 666,442 Clear Channel Outdoor Holdings, Inc. Class A....... 55,873 505,651 ClubCorp Holdings, Inc............................. 10,706 182,109 Coach, Inc......................................... 94,590 3,517,802 * Coast Distribution System, Inc. (The).............. 1,760 6,090 Collectors Universe, Inc........................... 8,599 202,077 Columbia Sportswear Co............................. 108,058 4,592,465 Comcast Corp. Class A.............................. 1,639,334 87,122,405 # Comcast Corp. Special Class A...................... 337,406 17,848,777 #* Conn's, Inc........................................ 56,833 894,551 Cooper Tire & Rubber Co............................ 131,486 4,574,398 #* Cooper-Standard Holding, Inc....................... 292 15,257 Core-Mark Holding Co., Inc......................... 47,258 3,151,163 # Cracker Barrel Old Country Store, Inc.............. 61,479 8,269,540 * Crocs, Inc......................................... 168,395 1,784,987 * Crown Media Holdings, Inc. Class A................. 51,149 163,677 # CSS Industries, Inc................................ 8,600 233,920 121 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) CST Brands, Inc.................................... 198,049 $ 8,535,912 Culp, Inc.......................................... 18,403 369,716 #* Cumulus Media, Inc. Class A........................ 140,245 488,053 # Dana Holding Corp.................................. 464,727 9,698,852 # Darden Restaurants, Inc............................ 144,641 8,878,065 #* Deckers Outdoor Corp............................... 70,088 4,629,312 * Del Frisco's Restaurant Group, Inc................. 27,506 545,444 Delphi Automotive P.L.C............................ 43,071 2,960,270 #* Delta Apparel, Inc................................. 15,491 143,292 * Denny's Corp....................................... 42,046 457,460 Destination Maternity Corp......................... 23,762 363,796 #* Destination XL Group, Inc.......................... 82,498 419,090 # DeVry Education Group, Inc......................... 122,020 5,174,868 * DGSE Cos., Inc..................................... 8,710 13,152 #* Diamond Resorts International, Inc................. 15,418 437,563 Dick's Sporting Goods, Inc......................... 82,412 4,256,580 Dillard's, Inc. Class A............................ 92,309 10,486,302 DineEquity, Inc.................................... 69,366 7,404,820 * DIRECTV............................................ 110,916 9,458,916 * Discovery Communications, Inc...................... 104,165 2,904,120 #* Discovery Communications, Inc. Class A............. 38,327 1,110,908 * Discovery Communications, Inc. Class B............. 1,502 42,176 * DISH Network Corp. Class A......................... 42,243 2,971,795 #* Dixie Group, Inc. (The)............................ 15,615 126,169 * Dollar General Corp................................ 307,976 20,652,871 * Dollar Tree, Inc................................... 91,616 6,513,898 # Domino's Pizza, Inc................................ 57,309 5,676,456 #* Dorman Products, Inc............................... 68,724 3,142,749 * Dover Downs Gaming & Entertainment, Inc............ 5,604 5,030 Dover Motorsports, Inc............................. 9,156 24,172 DR Horton, Inc..................................... 289,605 7,101,115 #* DreamWorks Animation SKG, Inc. Class A............. 131,995 2,464,347 #* Drew Industries, Inc............................... 65,580 3,297,362 DSW, Inc. Class A.................................. 141,202 5,021,143 # Dunkin' Brands Group, Inc.......................... 158,078 7,478,670 Educational Development Corp....................... 3,809 15,731 * Eldorado Resorts, Inc.............................. 20,339 80,644 # Emerson Radio Corp................................. 26,350 27,404 * Emmis Communications Corp. Class A................. 5,500 11,055 #* Empire Resorts, Inc................................ 5,120 30,208 * Entercom Communications Corp. Class A.............. 43,742 506,095 # Entravision Communications Corp. Class A........... 111,752 689,510 Escalade, Inc...................................... 12,111 184,572 # Ethan Allen Interiors, Inc......................... 53,095 1,445,246 * EVINE Live, Inc.................................... 82,152 515,093 #* EW Scripps Co. (The) Class A....................... 76,553 1,510,391 # Expedia, Inc....................................... 65,285 5,609,940 * Express, Inc....................................... 87,347 1,142,499 Family Dollar Stores, Inc.......................... 38,461 2,926,882 #* Famous Dave's Of America, Inc...................... 10,924 330,669 #* Federal-Mogul Holdings Corp........................ 133,069 1,800,424 #* Fiesta Restaurant Group, Inc....................... 38,000 2,244,660 Finish Line, Inc. (The) Class A.................... 106,176 2,505,754 122 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) #* Five Below, Inc.................................... 84,162 $ 2,804,278 Flanigan's Enterprises, Inc........................ 1,000 38,250 Flexsteel Industries, Inc.......................... 7,812 232,798 Foot Locker, Inc................................... 255,692 13,607,928 Ford Motor Co...................................... 2,450,863 36,052,195 * Fossil Group, Inc.................................. 77,297 7,559,647 * Francesca's Holdings Corp.......................... 6,136 97,317 # Fred's, Inc. Class A............................... 61,381 1,018,925 Frisch's Restaurants, Inc.......................... 7,545 208,997 #* FTD Cos., Inc...................................... 37,466 1,283,211 #* Fuel Systems Solutions, Inc........................ 33,207 356,643 * Full House Resorts, Inc............................ 19,925 27,297 #* G-III Apparel Group, Ltd........................... 55,797 5,423,468 * Gaiam, Inc. Class A................................ 18,959 138,780 # GameStop Corp. Class A............................. 275,968 9,727,872 * Gaming Partners International Corp................. 8,266 68,525 Gannett Co., Inc................................... 349,529 10,838,894 # Gap, Inc. (The).................................... 167,853 6,913,865 # Garmin, Ltd........................................ 135,206 7,079,386 #* Geeknet, Inc....................................... 7,665 60,094 General Motors Co.................................. 829,997 27,074,502 * Genesco, Inc....................................... 46,125 3,295,631 # Gentex Corp........................................ 507,677 8,473,129 * Gentherm, Inc...................................... 74,264 2,731,430 Genuine Parts Co................................... 71,003 6,599,019 GNC Holdings, Inc. Class A......................... 144,819 6,421,274 Goodyear Tire & Rubber Co. (The)................... 261,349 6,335,100 #* Gordmans Stores, Inc............................... 12,089 44,729 Graham Holdings Co. Class B........................ 11,115 10,396,082 * Grand Canyon Education, Inc........................ 101,747 4,458,554 #* Gray Television, Inc............................... 90,481 855,950 * Gray Television, Inc. Class A...................... 3,160 23,700 #* Green Brick Partners, Inc.......................... 586 4,295 # Group 1 Automotive, Inc............................ 65,733 5,284,276 #* Groupon, Inc....................................... 108,640 777,862 # Guess?, Inc........................................ 135,741 2,549,216 H&R Block, Inc..................................... 123,489 4,233,203 #* Hampshire Group, Ltd............................... 1,000 1,800 Hanesbrands, Inc................................... 47,175 5,254,352 Harley-Davidson, Inc............................... 95,911 5,917,709 Harman International Industries, Inc............... 37,594 4,873,310 Harte-Hanks, Inc................................... 101,453 737,563 # Hasbro, Inc........................................ 34,967 1,920,388 Haverty Furniture Cos., Inc........................ 35,958 878,454 Haverty Furniture Cos., Inc. Class A............... 2,523 62,646 * Helen of Troy, Ltd................................. 53,869 4,052,026 o* Here Media, Inc.................................... 300 -- o* Here Media, Inc. Special Shares.................... 300 -- #* hhgregg, Inc....................................... 53,331 292,787 #* Hibbett Sports, Inc................................ 29,124 1,369,993 Home Depot, Inc. (The)............................. 286,801 29,947,760 Hooker Furniture Corp.............................. 16,557 298,688 #* Hovnanian Enterprises, Inc. Class A................ 102,044 351,031 123 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) HSN, Inc........................................... 66,345 $ 5,137,757 #* Hyatt Hotels Corp. Class A......................... 31,138 1,751,824 #* Iconix Brand Group, Inc............................ 111,831 3,717,262 International Game Technology...................... 222,506 3,764,802 # International Speedway Corp. Class A............... 55,562 1,616,299 Interpublic Group of Cos., Inc. (The).............. 455,767 9,087,994 Interval Leisure Group, Inc........................ 93,689 2,162,342 #* iRobot Corp........................................ 51,251 1,616,969 * Isle of Capri Casinos, Inc......................... 34,965 358,042 #* ITT Educational Services, Inc...................... 15,300 111,231 Jack in the Box, Inc............................... 107,924 9,150,876 #* JAKKS Pacific, Inc................................. 27,534 165,755 #* Jamba, Inc......................................... 21,376 351,208 * Jarden Corp........................................ 211,444 10,153,541 #* JC Penney Co., Inc................................. 365,889 2,660,013 John Wiley & Sons, Inc. Class A.................... 91,828 5,689,663 John Wiley & Sons, Inc. Class B.................... 7,502 463,399 Johnson Controls, Inc.............................. 446,476 20,747,740 Johnson Outdoors, Inc. Class A..................... 19,561 586,830 * Journal Communications, Inc. Class A............... 71,971 723,309 * K12, Inc........................................... 67,095 954,091 #* Kate Spade & Co.................................... 76,431 2,409,869 # KB Home............................................ 120,600 1,502,676 #* Kirkland's, Inc.................................... 36,062 839,163 # Kohl's Corp........................................ 290,745 17,363,291 * Kona Grill, Inc.................................... 11,997 281,930 Koss Corp.......................................... 4,495 8,900 #* Krispy Kreme Doughnuts, Inc........................ 113,297 2,205,893 L Brands, Inc...................................... 88,844 7,518,868 La-Z-Boy, Inc...................................... 93,027 2,482,891 #* Lakeland Industries, Inc........................... 7,818 66,453 #* Lands' End, Inc.................................... 37,689 1,307,431 Las Vegas Sands Corp............................... 86,731 4,715,564 o* Lazare Kaplan International, Inc................... 3,667 5,739 #* LeapFrog Enterprises, Inc.......................... 109,184 259,858 Lear Corp.......................................... 81,446 8,173,106 * Learning Tree International, Inc................... 16,482 32,799 #* Lee Enterprises, Inc............................... 46,810 138,090 # Leggett & Platt, Inc............................... 183,088 7,805,041 # Lennar Corp. Class A............................... 118,697 5,330,682 Lennar Corp. Class B............................... 29,753 1,074,381 Libbey, Inc........................................ 97,178 3,178,692 * Liberty Broadband Corp.(530307206)................. 1,306 64,647 * Liberty Broadband Corp.(530307305)................. 63,603 2,823,973 * Liberty Broadband Corp. Class A.................... 23,788 1,057,852 * Liberty Global P.L.C. Class A...................... 89,117 4,163,546 * Liberty Global P.L.C. Class B...................... 808 37,588 * Liberty Global P.L.C. Series C..................... 401,263 18,293,580 * Liberty Interactive Corp. Class A.................. 471,654 12,904,453 * Liberty Interactive Corp. Class B.................. 11,086 324,155 * Liberty Media Corp................................. 195,276 6,662,817 * Liberty Media Corp. Class A........................ 95,152 3,239,926 * Liberty Media Corp. Class B........................ 5,224 207,132 124 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Liberty TripAdvisor Holdings, Inc. Class A......... 120,298 $ 2,879,934 * Liberty TripAdvisor Holdings, Inc. Class B......... 1,138 28,814 * Liberty Ventures Series A.......................... 198,295 7,406,318 * Liberty Ventures Series B.......................... 2,714 105,995 #* Life Time Fitness, Inc............................. 85,452 4,671,661 # Lifetime Brands, Inc............................... 16,818 265,388 Lincoln Educational Services Corp.................. 32,420 84,292 Lions Gate Entertainment Corp...................... 79,518 2,284,552 Lithia Motors, Inc. Class A........................ 67,357 5,705,138 * Live Nation Entertainment, Inc..................... 386,849 9,195,401 * LKQ Corp........................................... 376,352 9,713,645 * Loral Space & Communications, Inc.................. 30,095 2,164,131 Lowe's Cos., Inc................................... 331,612 22,470,029 * Luby's, Inc........................................ 35,781 174,611 #* Lululemon Athletica, Inc........................... 28,847 1,910,825 #* Lumber Liquidators Holdings, Inc................... 34,916 2,204,945 #* M/I Homes, Inc..................................... 53,327 1,100,669 # Macy's, Inc........................................ 237,533 15,173,608 * Madison Square Garden Co. (The) Class A............ 140,989 10,679,917 Marcus Corp. (The)................................. 30,027 566,309 # Marine Products Corp............................... 47,094 340,490 #* MarineMax, Inc..................................... 49,791 1,270,168 # Marriott International, Inc. Class A............... 81,920 6,103,040 Marriott Vacations Worldwide Corp.................. 42,880 3,280,320 #* Martha Stewart Living Omnimedia, Inc. Class A...... 60,321 279,889 # Mattel, Inc........................................ 165,431 4,450,094 #* Mattress Firm Holding Corp......................... 10,007 576,603 #* McClatchy Co. (The) Class A........................ 119,920 300,999 McDonald's Corp.................................... 271,787 25,123,990 # MDC Holdings, Inc.................................. 134,318 3,357,950 #* Media General, Inc................................. 37,031 529,543 # Men's Wearhouse, Inc. (The)........................ 86,665 4,027,323 # Meredith Corp...................................... 74,748 3,891,381 #* Meritage Homes Corp................................ 89,833 3,270,820 #* MGM Resorts International.......................... 515,607 10,044,024 * Michael Kors Holdings, Ltd......................... 49,127 3,477,700 * Modine Manufacturing Co............................ 106,820 1,302,136 * Mohawk Industries, Inc............................. 52,396 8,647,436 * Monarch Casino & Resort, Inc....................... 27,593 477,359 # Monro Muffler Brake, Inc........................... 61,772 3,529,652 # Morningstar, Inc................................... 24,817 1,652,564 #* Motorcar Parts of America, Inc..................... 32,728 854,855 Movado Group, Inc.................................. 33,112 795,681 * Murphy USA, Inc.................................... 114,333 7,981,587 NACCO Industries, Inc. Class A..................... 10,705 589,310 #* Nathan's Famous, Inc............................... 7,706 619,871 # National CineMedia, Inc............................ 86,165 1,240,776 * Nautilus, Inc...................................... 84,100 1,197,584 * Netflix, Inc....................................... 7,841 3,464,154 #* Nevada Gold & Casinos, Inc......................... 1,100 1,342 * New York & Co., Inc................................ 111,142 255,627 # New York Times Co. (The) Class A................... 270,640 3,407,358 Newell Rubbermaid, Inc............................. 100,525 3,706,357 125 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * News Corp. Class A................................. 344,974 $ 5,136,663 * News Corp. Class B................................. 129,824 1,874,659 # Nexstar Broadcasting Group, Inc. Class A........... 48,068 2,398,353 NIKE, Inc. Class B................................. 100,516 9,272,601 * Nobility Homes, Inc................................ 2,557 24,036 Nordstrom, Inc..................................... 89,112 6,790,334 * Norwegian Cruise Line Holdings, Ltd................ 82,606 3,614,839 # Nutrisystem, Inc................................... 58,796 1,047,745 * NVR, Inc........................................... 6,499 8,151,241 * O'Reilly Automotive, Inc........................... 73,392 13,750,725 * Office Depot, Inc.................................. 1,179,442 8,963,759 # Omnicom Group, Inc................................. 109,664 7,983,539 * Orbitz Worldwide, Inc.............................. 186,195 1,718,580 #* Outerwall, Inc..................................... 48,358 3,002,065 #* Overstock.com, Inc................................. 21,548 482,244 Oxford Industries, Inc............................. 37,492 2,097,302 #* P&F Industries, Inc. Class A....................... 2,869 21,804 #* Pacific Sunwear of California, Inc................. 84,041 231,113 #* Panera Bread Co. Class A........................... 23,395 4,020,665 Papa John's International, Inc..................... 71,676 4,548,559 #* Penn National Gaming, Inc.......................... 168,437 2,521,502 Penske Automotive Group, Inc....................... 181,625 8,781,569 #* Pep Boys-Manny, Moe & Jack (The)................... 88,525 746,266 * Perfumania Holdings, Inc........................... 6,982 39,413 * Perry Ellis International, Inc..................... 25,247 603,656 # PetMed Express, Inc................................ 32,127 504,394 PetSmart, Inc...................................... 41,673 3,404,892 # Pier 1 Imports, Inc................................ 139,418 2,343,617 #* Pinnacle Entertainment, Inc........................ 76,630 1,620,725 # Polaris Industries, Inc............................ 30,288 4,379,342 Pool Corp.......................................... 68,372 4,253,422 * Popeyes Louisiana Kitchen, Inc..................... 37,269 2,139,986 * Priceline Group, Inc. (The)........................ 7,627 7,699,304 PulteGroup, Inc.................................... 433,338 8,922,429 PVH Corp........................................... 55,641 6,134,977 * QEP Co., Inc....................................... 670 11,926 #* Quiksilver, Inc.................................... 280,118 523,821 #* Radio One, Inc. Class D............................ 33,982 63,886 # Ralph Lauren Corp.................................. 55,978 9,342,168 #* RCI Hospitality Holdings, Inc...................... 13,809 134,638 #* Reading International, Inc. Class A................ 14,293 172,802 * Reading International, Inc. Class B................ 300 4,200 #* Red Lion Hotels Corp............................... 26,248 168,512 * Red Robin Gourmet Burgers, Inc..................... 37,898 2,937,095 # Regal Entertainment Group Class A.................. 112,922 2,389,430 * Regis Corp......................................... 93,341 1,470,121 Remy International, Inc............................ 20,244 430,590 # Rent-A-Center, Inc................................. 103,534 3,549,146 #* Rentrak Corp....................................... 11,567 889,849 #* Restoration Hardware Holdings, Inc................. 32,807 2,871,597 Rocky Brands, Inc.................................. 8,403 115,205 Ross Stores, Inc................................... 93,490 8,573,968 # Royal Caribbean Cruises, Ltd....................... 237,748 17,961,861 126 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* Ruby Tuesday, Inc.................................. 116,851 $ 703,443 Ruth's Hospitality Group, Inc...................... 101,572 1,474,825 # Ryland Group, Inc. (The)........................... 69,112 2,774,847 # Saga Communications, Inc. Class A.................. 5,094 207,173 # Salem Communications Corp. Class A................. 21,782 151,821 * Sally Beauty Holdings, Inc......................... 135,660 4,216,313 # Scholastic Corp.................................... 39,002 1,434,494 #* Scientific Games Corp. Class A..................... 143,686 1,696,932 # Scripps Networks Interactive, Inc. Class A......... 44,366 3,153,979 #* Sears Holdings Corp................................ 125,301 3,989,584 SeaWorld Entertainment, Inc........................ 55,053 963,978 #* Select Comfort Corp................................ 125,322 3,739,608 # Service Corp. International........................ 444,897 10,068,019 #* Shiloh Industries, Inc............................. 29,724 363,525 Shoe Carnival, Inc................................. 34,798 808,010 #* Shutterfly, Inc.................................... 66,497 2,917,223 Signet Jewelers, Ltd............................... 107,218 12,985,172 # Sinclair Broadcast Group, Inc. Class A............. 104,464 2,584,439 #* Sirius XM Holdings, Inc............................ 506,337 1,797,496 Six Flags Entertainment Corp....................... 147,364 6,330,757 * Sizmek, Inc........................................ 46,642 277,986 #* Skechers U.S.A., Inc. Class A...................... 72,532 4,377,306 * Skullcandy, Inc.................................... 12,605 126,302 #* Skyline Corp....................................... 10,884 40,815 #* Smith & Wesson Holding Corp........................ 28,380 349,074 # Sonic Automotive, Inc. Class A..................... 88,855 2,188,499 Sonic Corp......................................... 106,493 3,223,543 # Sotheby's.......................................... 135,974 5,785,694 * Spanish Broadcasting System, Inc. Class A.......... 2,346 6,217 Spartan Motors, Inc................................ 47,982 249,986 # Speedway Motorsports, Inc.......................... 61,111 1,362,164 Stage Stores, Inc.................................. 88,805 1,776,100 Standard Motor Products, Inc....................... 47,202 1,720,985 #* Standard Pacific Corp.............................. 439,529 3,085,494 * Stanley Furniture Co., Inc......................... 15,342 45,412 Staples, Inc....................................... 635,964 10,843,186 Starbucks Corp..................................... 131,291 11,491,901 Starwood Hotels & Resorts Worldwide, Inc........... 56,074 4,035,646 #* Starz.............................................. 152,168 4,491,999 * Starz Class B...................................... 5,024 149,514 Stein Mart, Inc.................................... 76,891 1,058,020 * Steiner Leisure, Ltd............................... 23,896 1,042,344 #* Steven Madden, Ltd................................. 171,447 5,887,490 #* Stoneridge, Inc.................................... 48,856 616,563 # Strattec Security Corp............................. 5,021 316,323 #* Strayer Education, Inc............................. 19,555 1,310,185 # Sturm Ruger & Co., Inc............................. 24,927 1,007,051 # Superior Industries International, Inc............. 42,144 769,128 # Superior Uniform Group, Inc........................ 12,533 475,627 Sypris Solutions, Inc.............................. 26,299 62,986 #* Systemax, Inc...................................... 51,897 678,294 Tandy Leather Factory, Inc......................... 25,740 219,820 Target Corp........................................ 415,851 30,610,792 127 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* Taylor Morrison Home Corp. Class A................. 6,407 $ 113,852 #* Tempur Sealy International, Inc.................... 51,265 2,821,113 * Tenneco, Inc....................................... 48,997 2,519,426 #* Tesla Motors, Inc.................................. 18,724 3,812,206 # Texas Roadhouse, Inc............................... 185,414 6,228,056 Thor Industries, Inc............................... 126,661 7,137,347 Tiffany & Co....................................... 42,344 3,668,684 #* Tilly's, Inc. Class A.............................. 4,119 56,595 Time Warner Cable, Inc............................. 161,177 21,941,025 Time Warner, Inc................................... 700,407 54,582,718 # Time, Inc.......................................... 66,949 1,676,403 TJX Cos., Inc. (The)............................... 152,101 10,029,540 #* Toll Brothers, Inc................................. 251,349 8,701,702 * Tower International, Inc........................... 35,248 834,320 # Town Sports International Holdings, Inc............ 30,008 197,453 # Tractor Supply Co.................................. 95,125 7,721,296 Trans World Entertainment Corp..................... 1,798 6,239 * TRI Pointe Homes, Inc.............................. 29,977 429,570 #* TripAdvisor, Inc................................... 53,030 3,553,540 * TRW Automotive Holdings Corp....................... 127,897 13,195,133 #* Tuesday Morning Corp............................... 75,510 1,336,527 #* Tumi Holdings, Inc................................. 79,534 1,803,036 Tupperware Brands Corp............................. 31,327 2,118,018 Twenty-First Century Fox, Inc. Class A............. 389,658 12,921,059 Twenty-First Century Fox, Inc. Class B............. 120,829 3,848,404 * Ulta Salon Cosmetics & Fragrance, Inc.............. 39,676 5,234,851 #* Under Armour, Inc. Class A......................... 47,020 3,389,202 * Unifi, Inc......................................... 29,133 938,957 * Universal Electronics, Inc......................... 30,747 1,959,814 Universal Technical Institute, Inc................. 35,790 292,404 #* UQM Technologies, Inc.............................. 9,817 9,327 #* Urban Outfitters, Inc.............................. 271,732 9,472,578 * US Auto Parts Network, Inc......................... 39,333 92,433 Vail Resorts, Inc.................................. 81,783 7,177,276 Value Line, Inc.................................... 7,363 111,697 VF Corp............................................ 98,656 6,843,767 Viacom, Inc. Class A............................... 4,120 267,141 Viacom, Inc. Class B............................... 112,173 7,226,185 * Visteon Corp....................................... 126,291 12,243,912 #* Vitamin Shoppe, Inc................................ 54,362 2,297,882 #* VOXX International Corp............................ 35,132 281,056 * Walking Co. Holdings, Inc. (The)................... 329 1,974 Walt Disney Co. (The).............................. 788,924 71,760,527 #* Weight Watchers International, Inc................. 34,160 565,690 # Wendy's Co. (The).................................. 722,498 7,615,129 #* West Marine, Inc................................... 35,725 428,700 # Weyco Group, Inc................................... 12,731 343,992 Whirlpool Corp..................................... 92,548 18,424,456 * William Lyon Homes Class A......................... 2,018 38,503 Williams-Sonoma, Inc............................... 88,626 6,934,985 # Winmark Corp....................................... 5,764 469,824 # Winnebago Industries, Inc.......................... 71,987 1,431,821 # Wolverine World Wide, Inc.......................... 178,349 5,020,524 128 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Consumer Discretionary -- (Continued) Wyndham Worldwide Corp............................. 178,625 $ 14,966,989 Wynn Resorts, Ltd.................................. 19,658 2,908,401 Yum! Brands, Inc................................... 85,874 6,206,973 #* Zagg, Inc.......................................... 47,515 286,515 #* Zumiez, Inc........................................ 81,911 3,054,461 -------------- Total Consumer Discretionary........................... 1,983,963,689 -------------- Consumer Staples -- (5.7%) # Alico, Inc......................................... 11,264 535,491 * Alliance One International, Inc.................... 138,442 145,364 Altria Group, Inc.................................. 380,680 20,214,108 Andersons, Inc. (The).............................. 52,575 2,364,823 Archer-Daniels-Midland Co.......................... 296,514 13,826,448 # Avon Products, Inc................................. 122,826 950,673 # B&G Foods, Inc..................................... 146,972 4,385,644 #* Boston Beer Co., Inc. (The) Class A................ 10,762 3,384,864 #* Boulder Brands, Inc................................ 102,551 1,028,587 * Bridgford Foods Corp............................... 7,329 58,962 # Brown-Forman Corp. Class A......................... 19,844 1,760,560 Brown-Forman Corp. Class B......................... 26,010 2,311,509 Bunge, Ltd......................................... 137,427 12,303,839 # Cal-Maine Foods, Inc............................... 94,360 3,307,318 Calavo Growers, Inc................................ 33,237 1,333,136 # Campbell Soup Co................................... 141,491 6,471,798 # Casey's General Stores, Inc........................ 97,836 8,932,427 * CCA Industries, Inc................................ 5,962 20,867 * Central Garden and Pet Co.......................... 26,310 222,319 #* Central Garden and Pet Co. Class A................. 75,814 689,907 #* Chefs' Warehouse, Inc. (The)....................... 6,669 142,650 Church & Dwight Co., Inc........................... 89,722 7,260,304 Clorox Co. (The)................................... 50,626 5,402,300 # Coca-Cola Bottling Co. Consolidated................ 13,774 1,343,516 Coca-Cola Co. (The)................................ 880,572 36,253,149 Coca-Cola Enterprises, Inc......................... 341,674 14,384,475 #* Coffee Holding Co., Inc............................ 5,400 27,270 Colgate-Palmolive Co............................... 191,018 12,897,535 ConAgra Foods, Inc................................. 300,325 10,640,515 * Constellation Brands, Inc. Class A................. 203,817 22,511,588 * Constellation Brands, Inc. Class B................. 5,100 578,773 Costco Wholesale Corp.............................. 95,855 13,706,306 #* Craft Brew Alliance, Inc........................... 26,133 310,983 #* Crimson Wine Group, Ltd............................ 24,913 224,217 CVS Health Corp.................................... 706,640 69,363,782 * Darling Ingredients, Inc........................... 241,428 4,099,447 # Dean Foods Co...................................... 172,060 3,117,727 #* Diamond Foods, Inc................................. 34,402 845,601 Dr Pepper Snapple Group, Inc....................... 257,376 19,887,444 Energizer Holdings, Inc............................ 47,928 6,135,263 Estee Lauder Cos., Inc. (The) Class A.............. 42,134 2,974,239 #* Farmer Bros. Co.................................... 28,012 837,839 # Flowers Foods, Inc................................. 292,189 5,715,217 # Fresh Del Monte Produce, Inc....................... 117,240 3,942,781 #* Fresh Market, Inc. (The)........................... 18,803 716,582 129 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) General Mills, Inc................................. 149,274 $ 7,833,900 Golden Enterprises, Inc............................ 9,888 35,498 #* Hain Celestial Group, Inc. (The)................... 132,670 7,000,996 # Herbalife, Ltd..................................... 44,162 1,346,058 # Hershey Co. (The).................................. 23,910 2,443,841 Hormel Foods Corp.................................. 135,026 6,916,032 Ingles Markets, Inc. Class A....................... 22,887 976,131 Ingredion, Inc..................................... 146,378 11,803,922 Inter Parfums, Inc................................. 53,117 1,335,893 * Inventure Foods, Inc............................... 11,729 119,284 J&J Snack Foods Corp............................... 35,880 3,520,546 JM Smucker Co. (The)............................... 102,584 10,581,540 John B. Sanfilippo & Son, Inc...................... 9,466 345,225 Kellogg Co......................................... 65,677 4,307,098 Keurig Green Mountain, Inc......................... 30,280 3,711,117 Kimberly-Clark Corp................................ 75,775 8,180,669 Kraft Foods Group, Inc............................. 185,631 12,129,130 Kroger Co. (The)................................... 215,844 14,904,028 Lancaster Colony Corp.............................. 54,195 4,873,756 * Landec Corp........................................ 44,489 568,125 #* Lifeway Foods, Inc................................. 8,037 147,077 # Limoneira Co....................................... 2,051 42,661 Lorillard, Inc..................................... 55,079 3,613,733 * Mannatech, Inc..................................... 2,000 37,400 McCormick & Co., Inc.(579780107)................... 3,330 238,878 # McCormick & Co., Inc.(579780206)................... 27,707 1,978,003 Mead Johnson Nutrition Co.......................... 50,716 4,995,019 #* Medifast, Inc...................................... 48,016 1,521,627 MGP Ingredients, Inc............................... 20,250 321,165 # Molson Coors Brewing Co. Class A................... 1,020 84,048 Molson Coors Brewing Co. Class B................... 170,402 12,938,624 Mondelez International, Inc. Class A............... 774,979 27,310,260 * Monster Beverage Corp.............................. 76,701 8,970,182 #* National Beverage Corp............................. 58,313 1,267,725 * Natural Alternatives International, Inc............ 7,028 37,389 #* Natural Grocers by Vitamin Cottage, Inc............ 1,228 37,822 # Nature's Sunshine Products, Inc.................... 400 5,532 # Nu Skin Enterprises, Inc. Class A.................. 62,985 2,581,125 #* Nutraceutical International Corp................... 14,920 291,537 # Oil-Dri Corp. of America........................... 10,212 312,691 #* Omega Protein Corp................................. 52,838 556,913 # Orchids Paper Products Co.......................... 5,292 144,313 * Pantry, Inc. (The)................................. 64,053 2,363,556 PepsiCo, Inc....................................... 401,185 37,623,129 Philip Morris International, Inc................... 275,849 22,134,124 # Pilgrim's Pride Corp............................... 253,171 6,873,593 Pinnacle Foods, Inc................................ 83,220 2,993,423 #* Post Holdings, Inc................................. 74,811 3,534,820 # Pricesmart, Inc.................................... 47,549 3,888,557 Procter & Gamble Co. (The)......................... 788,304 66,446,144 * Reliv International, Inc........................... 8,132 9,840 * Revlon, Inc. Class A............................... 45,959 1,504,698 Reynolds American, Inc............................. 85,900 5,836,905 130 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) * Rite Aid Corp...................................... 671,134 $ 4,684,515 Rocky Mountain Chocolate Factory, Inc.............. 10,758 145,771 #* Roundy's, Inc...................................... 6,131 22,072 # Sanderson Farms, Inc............................... 87,476 6,994,581 * Seaboard Corp...................................... 1,240 4,742,988 #* Seneca Foods Corp. Class A......................... 13,971 361,569 * Seneca Foods Corp. Class B......................... 1,999 70,475 # Snyder's-Lance, Inc................................ 111,753 3,250,895 SpartanNash Co..................................... 66,467 1,712,190 Spectrum Brands Holdings, Inc...................... 100,547 9,017,055 #* Sprouts Farmers Market, Inc........................ 74,656 2,718,225 #* SUPERVALU, Inc..................................... 419,841 4,089,251 # Sysco Corp......................................... 117,961 4,620,532 * Tofutti Brands, Inc................................ 1,645 8,718 # Tootsie Roll Industries, Inc....................... 61,827 1,928,384 #* TreeHouse Foods, Inc............................... 70,252 6,371,856 Tyson Foods, Inc. Class A.......................... 384,652 15,016,814 #* United Natural Foods, Inc.......................... 82,643 6,386,651 # United-Guardian, Inc............................... 4,655 99,617 # Universal Corp..................................... 35,612 1,430,178 #* USANA Health Sciences, Inc......................... 22,158 2,172,370 # Vector Group, Ltd.................................. 86,552 1,937,034 # Village Super Market, Inc. Class A................. 10,894 315,599 Wal-Mart Stores, Inc............................... 773,229 65,709,000 Walgreens Boots Alliance, Inc...................... 304,465 22,454,294 WD-40 Co........................................... 25,781 2,115,589 Weis Markets, Inc.................................. 41,625 1,907,674 * WhiteWave Foods Co. (The) Class A.................. 175,863 5,798,203 Whole Foods Market, Inc............................ 111,644 5,816,094 ------------ Total Consumer Staples......................................... 833,041,643 ------------ Energy -- (8.4%) #* Abraxas Petroleum Corp............................. 37,774 111,811 Adams Resources & Energy, Inc...................... 6,454 374,590 # Alon USA Energy, Inc............................... 151,919 1,835,182 #* Alpha Natural Resources, Inc....................... 363,138 377,664 Anadarko Petroleum Corp............................ 422,817 34,565,290 Apache Corp........................................ 231,068 14,457,925 #* Approach Resources, Inc............................ 49,529 310,547 # Arch Coal, Inc..................................... 334,373 310,064 # Atwood Oceanics, Inc............................... 117,634 3,361,980 Baker Hughes, Inc.................................. 223,782 12,977,118 * Barnwell Industries, Inc........................... 10,714 30,803 * Basic Energy Services, Inc......................... 86,417 508,132 #* Bill Barrett Corp.................................. 91,309 931,352 #* Bonanza Creek Energy, Inc.......................... 116,555 3,039,754 # Bristow Group, Inc................................. 59,800 3,331,458 #* C&J Energy Services, Inc........................... 110,752 1,140,746 Cabot Oil & Gas Corp............................... 598,010 15,847,265 #* California Resources Corp.......................... 238,581 1,221,535 * Callon Petroleum Co................................ 110,731 603,484 * Cameron International Corp......................... 200,475 8,977,270 # CARBO Ceramics, Inc................................ 30,729 1,007,297 131 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) * Carrizo Oil & Gas, Inc............................. 118,082 $ 5,325,498 * Cheniere Energy, Inc............................... 109,205 7,795,053 # Chesapeake Energy Corp............................. 871,022 16,706,202 Chevron Corp....................................... 1,126,532 115,503,326 Cimarex Energy Co.................................. 107,452 11,089,046 #* Clayton Williams Energy, Inc....................... 29,969 1,675,267 #* Clean Energy Fuels Corp............................ 131,913 550,077 #* Cloud Peak Energy, Inc............................. 125,690 853,435 #* Cobalt International Energy, Inc................... 44,631 407,035 # Comstock Resources, Inc............................ 79,403 320,788 * Concho Resources, Inc.............................. 113,072 12,534,031 ConocoPhillips..................................... 925,168 58,267,081 # CONSOL Energy, Inc................................. 135,371 3,918,990 * Contango Oil & Gas Co.............................. 32,204 968,374 #* Continental Resources, Inc......................... 16,490 748,646 # Core Laboratories NV............................... 13,711 1,271,695 # CVR Energy, Inc.................................... 41,248 1,580,623 # Dawson Geophysical Co.............................. 13,291 143,410 Delek US Holdings, Inc............................. 151,349 4,669,117 # Denbury Resources, Inc............................. 499,103 3,443,811 Devon Energy Corp.................................. 212,328 12,797,009 DHT Holdings, Inc.................................. 11,574 85,069 # Diamond Offshore Drilling, Inc..................... 173,357 5,465,946 * Diamondback Energy, Inc............................ 66,209 4,567,759 * Dresser-Rand Group, Inc............................ 69,363 5,554,589 * Dril-Quip, Inc..................................... 49,886 3,703,038 #* Emerald Oil, Inc................................... 95,689 78,752 # Energen Corp....................................... 50,283 3,188,948 # Energy XXI, Ltd.................................... 165,536 486,676 * ENGlobal Corp...................................... 27,850 50,130 EnLink Midstream LLC............................... 92,860 2,938,090 EOG Resources, Inc................................. 548,973 48,875,066 EQT Corp........................................... 41,423 3,083,528 * Era Group, Inc..................................... 44,970 1,012,724 * Escalera Resources Co.............................. 13,728 6,053 Evolution Petroleum Corp........................... 23,938 175,944 Exterran Holdings, Inc............................. 108,389 2,938,426 Exxon Mobil Corp................................... 3,041,760 265,910,659 #* FieldPoint Petroleum Corp.......................... 9,928 17,970 * FMC Technologies, Inc.............................. 93,338 3,498,308 #* Forbes Energy Services, Ltd........................ 1,485 1,431 * Forum Energy Technologies, Inc..................... 25,652 396,323 # GasLog, Ltd........................................ 53,218 930,783 #* Gastar Exploration, Inc............................ 155,807 364,588 #* Geospace Technologies Corp......................... 18,034 432,455 #* Goodrich Petroleum Corp............................ 8,198 20,659 # Green Plains, Inc.................................. 69,330 1,623,015 * Gulf Coast Ultra Deep Royalty Trust................ 203,138 217,358 # Gulf Island Fabrication, Inc....................... 22,399 371,151 # Gulfmark Offshore, Inc. Class A.................... 47,667 940,470 * Gulfport Energy Corp............................... 103,910 3,999,496 #* Halcon Resources Corp.............................. 130,632 182,885 Halliburton Co..................................... 331,228 13,245,808 132 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) #* Harvest Natural Resources, Inc..................... 65,844 $ 41,304 * Helix Energy Solutions Group, Inc.................. 240,621 4,516,456 # Helmerich & Payne, Inc............................. 117,824 7,017,597 #* Hercules Offshore, Inc............................. 251,482 181,067 # Hess Corp.......................................... 175,764 11,862,312 * HKN, Inc........................................... 278 14,872 HollyFrontier Corp................................. 233,319 8,380,818 #* Hornbeck Offshore Services, Inc.................... 67,568 1,500,010 #* ION Geophysical Corp............................... 274,554 617,747 * Key Energy Services, Inc........................... 309,215 519,481 # Kinder Morgan, Inc................................. 876,664 35,987,057 * Kosmos Energy, Ltd................................. 122,209 1,071,773 #* Laredo Petroleum Holdings, Inc..................... 175,607 1,722,705 # LinnCo LLC......................................... 160,189 1,654,752 Marathon Oil Corp.................................. 533,204 14,183,226 Marathon Petroleum Corp............................ 236,778 21,923,275 #* Matador Resources Co............................... 157,654 3,399,020 * Matrix Service Co.................................. 54,281 1,042,195 #* McDermott International, Inc....................... 345,195 776,689 * Mexco Energy Corp.................................. 2,059 9,543 * Mitcham Industries, Inc............................ 18,174 101,956 # Murphy Oil Corp.................................... 101,337 4,551,045 Nabors Industries, Ltd............................. 480,766 5,533,617 National Oilwell Varco, Inc........................ 229,138 12,471,981 * Natural Gas Services Group, Inc.................... 19,519 394,089 * Newfield Exploration Co............................ 280,620 8,356,864 #* Newpark Resources, Inc............................. 173,715 1,500,898 # Noble Corp. P.L.C.................................. 267,780 4,343,392 Noble Energy, Inc.................................. 210,650 10,056,431 #* Nordic American Offshore, Ltd...................... 78 878 # Nordic American Tankers, Ltd....................... 9,013 91,212 #* Northern Oil and Gas, Inc.......................... 123,983 778,613 #* Nuverra Environmental Solutions, Inc............... 40,056 89,325 #* Oasis Petroleum, Inc............................... 203,614 2,736,572 Occidental Petroleum Corp.......................... 596,454 47,716,320 Oceaneering International, Inc..................... 133,251 6,977,022 #* Oil States International, Inc...................... 129,130 5,303,369 # ONEOK, Inc......................................... 200,430 8,824,933 #* Overseas Shipholding Group, Inc.................... 43,852 223,645 # Panhandle Oil and Gas, Inc. Class A................ 38,940 815,404 # Paragon Offshore P.L.C............................. 89,260 186,553 #* Parker Drilling Co................................. 212,004 574,531 Patterson-UTI Energy, Inc.......................... 251,688 4,318,966 PBF Energy, Inc. Class A........................... 122,651 3,446,493 * PDC Energy, Inc.................................... 73,165 3,361,200 # Peabody Energy Corp................................ 405,544 2,526,539 #* Penn Virginia Corp................................. 144,630 705,794 * PetroQuest Energy, Inc............................. 255,064 747,338 #* PHI, Inc. Non-Voting............................... 20,171 690,050 #* PHI, Inc. Voting................................... 2,686 92,076 Phillips 66........................................ 242,680 17,065,258 * Pioneer Energy Services Corp....................... 103,030 426,544 Pioneer Natural Resources Co....................... 27,954 4,207,916 133 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) QEP Resources, Inc................................. 351,335 $ 7,103,994 # Range Resources Corp............................... 72,807 3,368,780 #* Renewable Energy Group, Inc........................ 50,987 445,626 #* REX American Resources Corp........................ 14,981 831,595 #* Rex Energy Corp.................................... 120,928 428,085 #* RigNet, Inc........................................ 10,342 353,903 #* Rosetta Resources, Inc............................. 140,100 2,391,507 # Rowan Cos. P.L.C. Class A.......................... 213,691 4,513,154 * Royale Energy, Inc................................. 3,300 5,841 RPC, Inc........................................... 237,456 2,961,076 #* SandRidge Energy, Inc.............................. 875,103 1,233,895 Schlumberger, Ltd.................................. 403,889 33,276,415 # Scorpio Tankers, Inc............................... 318,144 2,503,793 #* SEACOR Holdings, Inc............................... 46,289 3,330,494 SemGroup Corp. Class A............................. 71,694 4,827,157 #* Seventy Seven Energy, Inc.......................... 52,244 206,364 # Ship Finance International, Ltd.................... 143,470 1,992,798 # SM Energy Co....................................... 147,775 5,588,850 #* Southwestern Energy Co............................. 467,197 11,581,814 # Spectra Energy Corp................................ 102,350 3,422,584 * Steel Excel, Inc................................... 15,552 372,315 #* Stone Energy Corp.................................. 114,356 1,610,132 Superior Energy Services, Inc...................... 274,451 5,489,020 #* Swift Energy Co.................................... 62,421 132,957 #* Synergy Resources Corp............................. 149,538 1,828,850 #* Synthesis Energy Systems, Inc...................... 45,358 32,068 Targa Resources Corp............................... 38,362 3,330,972 # Teekay Corp........................................ 147,579 6,247,019 # Tesco Corp......................................... 84,794 868,291 # Tesoro Corp........................................ 217,506 17,776,765 #* TETRA Technologies, Inc............................ 157,077 775,960 * TGC Industries, Inc................................ 32,159 64,318 # Tidewater, Inc..................................... 100,569 2,942,649 # Transocean, Ltd.................................... 284,322 4,634,449 #* Triangle Petroleum Corp............................ 177,056 929,544 #* Ultra Petroleum Corp............................... 96,263 1,227,353 * Unit Corp.......................................... 91,889 2,736,454 #* Uranium Energy Corp................................ 13,761 17,476 # US Silica Holdings, Inc............................ 63,802 1,607,810 * Vaalco Energy, Inc................................. 147,005 814,408 Valero Energy Corp................................. 327,949 17,341,943 # W&T Offshore, Inc.................................. 145,569 736,579 #* Warren Resources, Inc.............................. 146,731 154,068 #* Weatherford International P.L.C.................... 840,533 8,682,706 # Western Refining, Inc.............................. 270,936 10,059,854 * Westmoreland Coal Co............................... 27,120 707,290 #* Whiting Petroleum Corp............................. 239,757 7,197,505 * Willbros Group, Inc................................ 97,252 542,666 Williams Cos., Inc. (The).......................... 198,070 8,687,350 # World Fuel Services Corp........................... 124,820 6,112,435 * WPX Energy, Inc.................................... 348,019 3,709,883 * Yuma Energy, Inc................................... 3,900 6,474 134 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Energy -- (Continued) #* Zion Oil & Gas, Inc................................ 18,269 $ 27,404 -------------- Total Energy........................................... 1,223,665,293 -------------- Financials -- (14.5%) * 1st Constitution Bancorp........................... 3,197 35,167 # 1st Source Corp.................................... 42,917 1,275,922 # Access National Corp............................... 11,632 207,748 ACE, Ltd........................................... 162,767 17,572,325 * Affiliated Managers Group, Inc..................... 28,259 5,807,790 Aflac, Inc......................................... 265,140 15,134,191 Alexander & Baldwin, Inc........................... 110,754 4,237,448 * Alleghany Corp..................................... 17,816 7,876,275 Alliance Bancorp, Inc. of Pennsylvania............. 4,908 85,694 Allied World Assurance Co. Holdings AG............. 188,505 7,289,488 Allstate Corp. (The)............................... 247,324 17,260,742 #* Altisource Asset Management Corp................... 1,977 316,320 #* Altisource Portfolio Solutions SA.................. 27,076 549,101 #* Ambac Financial Group, Inc......................... 18,470 451,592 Ameriana Bancorp................................... 898 15,648 American Equity Investment Life Holding Co......... 206,573 5,269,677 American Express Co................................ 264,871 21,372,441 American Financial Group, Inc...................... 156,168 9,063,991 * American Independence Corp......................... 1,038 11,511 American International Group, Inc.................. 609,355 29,779,179 # American National Bankshares, Inc.................. 8,116 174,656 American National Insurance Co..................... 32,458 3,376,930 * American River Bankshares.......................... 7,316 72,282 o* American Spectrum Realty, Inc...................... 1,280 806 Ameriprise Financial, Inc.......................... 148,778 18,588,323 Ameris Bancorp..................................... 45,365 1,094,657 AMERISAFE, Inc..................................... 38,554 1,569,148 # AmeriServ Financial, Inc........................... 18,864 56,403 # Amtrust Financial Services, Inc.................... 157,268 7,960,906 Aon P.L.C.......................................... 129,657 11,675,613 * Arch Capital Group, Ltd............................ 129,863 7,528,158 Argo Group International Holdings, Ltd............. 49,201 2,631,761 # Arrow Financial Corp............................... 19,116 488,796 Arthur J Gallagher & Co............................ 93,055 4,134,434 # Artisan Partners Asset Management, Inc. Class A.... 24,017 1,159,301 Aspen Insurance Holdings, Ltd...................... 134,658 5,833,385 Associated Banc-Corp............................... 372,298 6,258,329 Assurant, Inc...................................... 137,241 8,716,176 Assured Guaranty, Ltd.............................. 324,812 7,931,909 * Asta Funding, Inc.................................. 19,482 165,402 Astoria Financial Corp............................. 241,144 2,949,191 Atlantic American Corp............................. 11,687 46,631 #* Atlantic Coast Financial Corp...................... 1,723 6,685 #* Atlanticus Holdings Corp........................... 36,049 92,285 Auburn National Bancorporation, Inc................ 1,955 45,943 #* AV Homes, Inc...................................... 16,627 249,239 Axis Capital Holdings, Ltd......................... 169,796 8,642,616 Baldwin & Lyons, Inc. Class A...................... 2,126 50,280 Baldwin & Lyons, Inc. Class B...................... 16,699 385,747 135 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Banc of California, Inc............................ 16,862 $ 172,836 # Bancfirst Corp..................................... 26,776 1,543,904 # Bancorp of New Jersey, Inc......................... 200 2,160 #* Bancorp, Inc. (The)................................ 62,463 532,185 # BancorpSouth, Inc.................................. 241,048 4,784,803 Bank Mutual Corp................................... 74,943 477,387 Bank of America Corp............................... 4,303,562 65,198,964 Bank of Commerce Holdings.......................... 8,161 46,518 # Bank of Hawaii Corp................................ 81,204 4,584,778 Bank of Kentucky Financial Corp (The).............. 5,476 243,353 Bank of New York Mellon Corp. (The)................ 398,582 14,348,952 # Bank of the Ozarks, Inc............................ 131,590 4,267,464 # BankFinancial Corp................................. 27,930 315,888 BankUnited, Inc.................................... 173,510 4,799,287 Banner Corp........................................ 46,201 1,865,596 Bar Harbor Bankshares.............................. 7,620 233,934 BB&T Corp.......................................... 302,056 10,659,556 BBCN Bancorp, Inc.................................. 204,216 2,644,597 * BBX Capital Corp. Class A.......................... 2,975 42,067 BCB Bancorp, Inc................................... 9,933 115,322 #* Bear State Financial, Inc.......................... 6,577 71,163 #* Beneficial Bancorp, Inc............................ 132,793 1,432,836 Berkshire Bancorp, Inc............................. 3,850 33,110 * Berkshire Hathaway, Inc. Class B................... 327,201 47,087,496 Berkshire Hills Bancorp, Inc....................... 43,297 1,078,095 BGC Partners, Inc. Class A......................... 651,709 5,102,881 BlackRock, Inc..................................... 73,133 24,902,518 #* BofI Holding, Inc.................................. 36,616 3,088,926 # BOK Financial Corp................................. 100,294 5,426,908 # Boston Private Financial Holdings, Inc............. 155,012 1,705,132 # Bridge Bancorp, Inc................................ 6,184 152,621 #* Bridge Capital Holdings............................ 11,048 241,399 Brookline Bancorp, Inc............................. 149,648 1,436,621 Brown & Brown, Inc................................. 269,704 8,320,368 Bryn Mawr Bank Corp................................ 23,590 687,649 C&F Financial Corp................................. 2,201 77,673 # Calamos Asset Management, Inc. Class A............. 35,476 445,224 California First National Bancorp.................. 8,102 111,808 # Camden National Corp............................... 13,383 497,312 # Cape Bancorp, Inc.................................. 6,875 59,331 * Capital Bank Financial Corp. Class A............... 5,224 127,570 # Capital City Bank Group, Inc....................... 22,959 344,385 Capital One Financial Corp......................... 316,576 23,176,529 * Capital Properties, Inc. Class A................... 1,400 16,254 Capitol Federal Financial, Inc..................... 316,304 3,941,148 Cardinal Financial Corp............................ 67,196 1,196,761 * Carolina Bank Holdings, Inc........................ 1,200 11,760 * Cascade Bancorp.................................... 37,490 173,204 # Cash America International, Inc.................... 72,114 1,499,971 Cathay General Bancorp............................. 207,919 4,967,185 # CBOE Holdings, Inc................................. 86,709 5,590,129 * CBRE Group, Inc. Class A........................... 117,893 3,812,660 # Centerstate Banks, Inc............................. 52,744 580,711 136 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Central Pacific Financial Corp..................... 30,407 $ 637,939 # Century Bancorp, Inc. Class A...................... 3,952 153,259 Charles Schwab Corp. (The)......................... 246,911 6,414,748 # Charter Financial Corp............................. 4,056 45,427 Chemical Financial Corp............................ 50,111 1,421,148 # Chicopee Bancorp, Inc.............................. 7,105 116,948 Chubb Corp. (The).................................. 102,145 9,999,995 # Cincinnati Financial Corp.......................... 149,459 7,549,174 CIT Group, Inc..................................... 184,507 8,085,097 Citigroup, Inc..................................... 1,297,954 60,938,940 Citizens Community Bancorp, Inc.................... 5,940 54,143 # Citizens Holding Co................................ 2,412 44,911 #* Citizens, Inc...................................... 80,221 579,196 # City Holding Co.................................... 27,425 1,160,900 City National Corp................................. 93,950 8,144,525 CKX Lands, Inc..................................... 2,161 32,545 # Clifton Bancorp, Inc............................... 41,235 546,776 CME Group, Inc..................................... 144,165 12,297,274 CNA Financial Corp................................. 176,871 6,890,894 CNB Financial Corp................................. 13,395 227,715 CNO Financial Group, Inc........................... 360,876 5,600,796 # CoBiz Financial, Inc............................... 68,119 742,497 Codorus Valley Bancorp, Inc........................ 3,285 65,930 # Cohen & Steers, Inc................................ 21,767 915,955 * Colonial Financial Services, Inc................... 2,537 33,628 * Colony Bankcorp, Inc............................... 3,512 26,200 Columbia Banking System, Inc....................... 113,464 2,885,390 Comerica, Inc...................................... 168,245 6,982,167 # Commerce Bancshares, Inc........................... 180,280 7,211,200 Commercial National Financial Corp................. 2,306 51,078 Community Bank Shares of Indiana, Inc.............. 299 8,079 # Community Bank System, Inc......................... 85,898 2,888,750 * Community Bankers Trust Corp....................... 1,768 7,708 # Community Trust Bancorp, Inc....................... 31,562 996,728 Community West Bancshares.......................... 3,113 21,013 * CommunityOne Bancorp............................... 122 1,191 ConnectOne Bancorp, Inc............................ 26,169 481,510 # Consolidated-Tomoka Land Co........................ 10,774 587,722 * Consumer Portfolio Services, Inc................... 27,948 156,509 #* Cowen Group, Inc. Class A.......................... 192,855 802,277 Crawford & Co. Class A............................. 36,655 284,076 # Crawford & Co. Class B............................. 39,704 371,232 #* Credit Acceptance Corp............................. 30,456 4,801,084 # Cullen/Frost Bankers, Inc.......................... 104,895 6,534,958 * Customers Bancorp, Inc............................. 462 9,078 # CVB Financial Corp................................. 184,077 2,689,365 # Diamond Hill Investment Group, Inc................. 2,604 338,676 Dime Community Bancshares, Inc..................... 79,563 1,174,350 Discover Financial Services........................ 283,364 15,409,334 Donegal Group, Inc. Class A........................ 36,515 583,875 # Donegal Group, Inc. Class B........................ 5,678 132,439 #* Doral Financial Corp............................... 339 976 * E*TRADE Financial Corp............................. 370,408 8,537,904 137 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Eagle Bancorp Montana, Inc......................... 751 $ 8,216 * Eagle Bancorp, Inc................................. 821 28,078 East West Bancorp, Inc............................. 271,382 9,818,601 * Eastern Virginia Bankshares, Inc................... 3,292 20,575 # Eaton Vance Corp................................... 121,011 4,870,693 #* eHealth, Inc....................................... 24,072 246,497 # EMC Insurance Group, Inc........................... 21,765 702,139 Employers Holdings, Inc............................ 57,123 1,188,158 #* Encore Capital Group, Inc.......................... 46,723 1,739,030 # Endurance Specialty Holdings, Ltd.................. 106,840 6,530,061 * Enova International, Inc........................... 55,417 1,066,777 * Enstar Group, Ltd.................................. 23,909 3,226,998 # Enterprise Bancorp, Inc............................ 8,838 180,737 Enterprise Financial Services Corp................. 28,567 545,915 Erie Indemnity Co. Class A......................... 50,175 4,348,165 # ESB Financial Corp................................. 20,940 349,907 ESSA Bancorp, Inc.................................. 19,001 230,862 Evans Bancorp, Inc................................. 2,684 63,477 # EverBank Financial Corp............................ 6,701 116,932 Evercore Partners, Inc. Class A.................... 83,511 3,997,672 Everest Re Group, Ltd.............................. 57,189 9,801,051 #* Ezcorp, Inc. Class A............................... 109,055 1,124,357 * Farmers Capital Bank Corp.......................... 6,545 146,215 FBL Financial Group, Inc. Class A.................. 44,583 2,326,787 Federal Agricultural Mortgage Corp. Class A........ 1,506 34,262 Federal Agricultural Mortgage Corp. Class C........ 17,494 481,960 # Federated Investors, Inc. Class B.................. 120,470 3,808,057 Federated National Holding Co...................... 35,984 1,047,494 Fidelity Southern Corp............................. 9,904 151,432 Fifth Third Bancorp................................ 789,119 13,651,759 # Financial Engines, Inc............................. 12,625 453,238 Financial Institutions, Inc........................ 24,716 544,493 * First Acceptance Corp.............................. 34,466 80,306 # First American Financial Corp...................... 184,606 6,280,296 o First Bancorp of Indiana, Inc...................... 700 10,763 # First Bancorp, Inc................................. 12,744 211,296 * First BanCorp.(318672706).......................... 81,906 449,664 # First Bancorp.(318910106).......................... 27,704 459,886 * First Bancshares, Inc.............................. 569 4,006 First Bancshares, Inc. (The)....................... 588 8,203 First Busey Corp................................... 148,919 917,341 # First Business Financial Services, Inc............. 2,063 90,298 * First Cash Financial Services, Inc................. 63,698 3,167,065 First Citizens BancShares, Inc. Class A............ 13,994 3,415,236 First Commonwealth Financial Corp.................. 236,675 1,867,366 First Community Bancshares, Inc.................... 29,976 470,323 First Defiance Financial Corp...................... 13,753 418,916 # First Federal of Northern Michigan Bancorp, Inc.... 1,458 8,500 First Financial Bancorp............................ 115,594 1,909,613 # First Financial Bankshares, Inc.................... 100,332 2,478,200 # First Financial Corp............................... 22,987 745,009 First Financial Northwest, Inc..................... 21,460 257,305 # First Horizon National Corp........................ 493,538 6,411,059 138 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) First Interstate Bancsystem, Inc................... 39,966 $ 955,187 #* First Marblehead Corp. (The)....................... 11,556 67,140 First Merchants Corp............................... 57,251 1,250,362 First Midwest Bancorp, Inc......................... 173,022 2,664,539 * First NBC Bank Holding Co.......................... 3,618 112,013 # First Niagara Financial Group, Inc................. 647,801 5,260,144 o* First Place Financial Corp......................... 23,310 2 First Republic Bank................................ 93,260 4,748,799 First South Bancorp, Inc........................... 10,177 80,907 * First United Corp.................................. 5,415 45,973 First West Virginia Bancorp........................ 752 16,491 # FirstMerit Corp.................................... 282,595 4,630,319 * Flagstar Bancorp, Inc.............................. 55,490 788,513 # Flushing Financial Corp............................ 57,043 1,032,478 # FNB Corp........................................... 372,513 4,470,156 FNF Group.......................................... 339,723 11,924,277 * FNFV Group......................................... 113,229 1,404,040 #* Forest City Enterprises, Inc. Class A.............. 306,812 7,516,894 * Forest City Enterprises, Inc. Class B.............. 13,338 327,048 #* Forestar Group, Inc................................ 71,444 948,062 Fox Chase Bancorp, Inc............................. 26,803 435,281 Franklin Resources, Inc............................ 124,975 6,439,962 #* FRP Holdings, Inc.................................. 10,465 378,833 Fulton Financial Corp.............................. 465,410 5,189,321 # FXCM, Inc. Class A................................. 71,260 156,772 # Gain Capital Holdings, Inc......................... 46,103 375,739 * GAINSCO, Inc....................................... 1,100 11,462 # GAMCO Investors, Inc. Class A...................... 8,812 719,500 * Genworth Financial, Inc. Class A................... 482,427 3,367,340 # German American Bancorp, Inc....................... 18,570 519,960 GFI Group, Inc..................................... 186,276 1,045,008 Glacier Bancorp, Inc............................... 122,344 2,724,601 #* Global Indemnity P.L.C............................. 29,955 786,019 Goldman Sachs Group, Inc. (The).................... 185,924 32,055,157 Gouverneur Bancorp, Inc............................ 600 8,250 # Great Southern Bancorp, Inc........................ 20,689 747,287 * Green Dot Corp. Class A............................ 76,587 1,167,952 # Greenhill & Co., Inc............................... 46,452 1,713,150 * Greenlight Capital Re, Ltd. Class A................ 60,213 1,891,290 # Griffin Land & Nurseries, Inc...................... 6,027 178,640 # Guaranty Bancorp................................... 5,874 78,594 Guaranty Federal Bancshares, Inc................... 1,840 27,140 * Hallmark Financial Services, Inc................... 25,575 282,348 Hampden Bancorp, Inc............................... 4,784 96,111 #* Hampton Roads Bankshares, Inc...................... 912 1,477 Hancock Holding Co................................. 150,586 3,931,800 Hanmi Financial Corp............................... 72,205 1,433,991 # Hanover Insurance Group, Inc. (The)................ 102,986 7,106,034 Harleysville Savings Financial Corp................ 3,569 63,528 # Hartford Financial Services Group, Inc. (The)...... 429,380 16,702,882 Hawthorn Bancshares, Inc........................... 2,792 39,730 HCC Insurance Holdings, Inc........................ 176,004 9,388,053 # HCI Group, Inc..................................... 33,713 1,557,878 139 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Heartland Financial USA, Inc....................... 28,015 $ 773,774 Heritage Commerce Corp............................. 36,457 304,781 Heritage Financial Corp............................ 44,738 694,334 Heritage Financial Group, Inc...................... 9,512 228,003 HF Financial Corp.................................. 5,606 80,782 HFF, Inc. Class A.................................. 71,749 2,437,314 * Hilltop Holdings, Inc.............................. 166,490 3,021,793 Hingham Institution for Savings.................... 1,548 136,224 * HMN Financial, Inc................................. 2,615 32,008 Home Bancorp, Inc.................................. 8,770 191,888 # Home BancShares, Inc............................... 99,182 2,937,771 * HomeTrust Bancshares, Inc.......................... 719 11,109 HopFed Bancorp, Inc................................ 3,213 42,444 Horace Mann Educators Corp......................... 72,179 2,199,294 # Horizon Bancorp.................................... 4,783 107,044 #* Howard Hughes Corp. (The).......................... 64,985 8,488,991 Hudson City Bancorp, Inc........................... 798,053 7,158,535 Hudson Valley Holding Corp......................... 25,014 617,095 Huntington Bancshares, Inc......................... 892,285 8,940,696 Iberiabank Corp.................................... 77,215 4,216,711 #* Imperial Holdings, Inc............................. 1,691 10,045 # Independence Holding Co............................ 18,425 234,182 # Independent Bank Corp.(453836108).................. 43,384 1,641,217 Independent Bank Corp.(453838609).................. 8,213 101,020 # Independent Bank Group, Inc........................ 316 9,862 Infinity Property & Casualty Corp.................. 19,978 1,403,854 Interactive Brokers Group, Inc. Class A............ 144,755 4,433,846 Intercontinental Exchange, Inc..................... 47,444 9,760,654 * InterGroup Corp. (The)............................. 677 12,240 International Bancshares Corp...................... 127,750 2,875,652 Intervest Bancshares Corp. Class A................. 23,302 229,525 #* INTL. FCStone, Inc................................. 29,319 565,270 Invesco, Ltd....................................... 360,527 13,242,157 #* Investment Technology Group, Inc................... 68,918 1,430,049 # Investors Bancorp, Inc............................. 614,350 6,763,993 # Investors Title Co................................. 2,281 163,639 * Jacksonville Bancorp, Inc.......................... 22 239 # Janus Capital Group, Inc........................... 299,466 5,252,634 JMP Group, Inc..................................... 30,003 228,923 Jones Lang LaSalle, Inc............................ 72,712 10,694,481 JPMorgan Chase & Co................................ 1,554,077 84,510,707 #* KCG Holdings, Inc. Class A......................... 19,921 243,634 #* Kearny Financial Corp.............................. 96,018 1,248,234 # Kemper Corp........................................ 126,648 4,421,282 Kennedy-Wilson Holdings, Inc....................... 110,570 2,940,056 Kentucky First Federal Bancorp..................... 3,283 26,986 KeyCorp............................................ 810,936 10,534,059 #* Ladenburg Thalmann Financial Services, Inc......... 7,506 28,598 Lake Shore Bancorp, Inc............................ 449 5,893 Lakeland Bancorp, Inc.............................. 53,747 579,930 # Lakeland Financial Corp............................ 27,875 1,052,003 Landmark Bancorp, Inc.............................. 2,543 53,403 LegacyTexas Financial Group, Inc................... 67,844 1,344,668 140 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Legg Mason, Inc.................................... 211,416 $11,720,903 #* LendingTree, Inc................................... 18,558 764,218 Leucadia National Corp............................. 346,488 7,854,883 Lincoln National Corp.............................. 239,090 11,949,718 LNB Bancorp, Inc................................... 13,999 243,583 Loews Corp......................................... 228,808 8,754,194 Louisiana Bancorp, Inc............................. 3,600 76,896 # LPL Financial Holdings, Inc........................ 158,692 6,530,176 # M&T Bank Corp...................................... 112,759 12,759,808 # Macatawa Bank Corp................................. 39,247 206,832 * Magyar Bancorp, Inc................................ 2,122 17,613 # Maiden Holdings, Ltd............................... 154,225 1,927,813 # MainSource Financial Group, Inc.................... 30,280 581,376 * Malvern Bancorp, Inc............................... 694 8,293 Manning & Napier, Inc.............................. 3,895 41,715 * Markel Corp........................................ 18,689 12,771,315 # MarketAxess Holdings, Inc.......................... 55,975 4,252,421 Marlin Business Services Corp...................... 20,780 333,519 Marsh & McLennan Cos., Inc......................... 132,000 7,097,640 #* Maui Land & Pineapple Co., Inc..................... 7,073 44,631 # MB Financial, Inc.................................. 148,689 4,224,254 * MBIA, Inc.......................................... 445,598 3,573,696 * MBT Financial Corp................................. 13,759 70,584 McGraw Hill Financial, Inc......................... 53,810 4,812,766 # Meadowbrook Insurance Group, Inc................... 75,195 624,119 # Mercantile Bank Corp............................... 17,291 328,529 Merchants Bancshares, Inc.......................... 9,216 246,712 Mercury General Corp............................... 95,008 5,429,707 #* Meridian Bancorp, Inc.............................. 69,543 807,394 Meta Financial Group, Inc.......................... 3,022 101,146 MetLife, Inc....................................... 390,841 18,174,106 * Metro Bancorp, Inc................................. 20,331 517,627 #* MGIC Investment Corp............................... 277,958 2,368,202 # Mid Penn Bancorp, Inc.............................. 1,624 25,172 # MidSouth Bancorp, Inc.............................. 12,123 168,995 # MidWestOne Financial Group, Inc.................... 7,672 214,969 # Montpelier Re Holdings, Ltd........................ 100,596 3,533,937 Moody's Corp....................................... 79,899 7,297,176 Morgan Stanley..................................... 616,044 20,828,448 * MSB Financial Corp................................. 1,360 14,375 MSCI, Inc.......................................... 190,020 10,226,876 MutualFirst Financial, Inc......................... 6,697 146,597 NASDAQ OMX Group, Inc. (The)....................... 216,461 9,870,622 National Bank Holdings Corp. Class A............... 5,145 94,925 # National Interstate Corp........................... 27,018 696,254 National Penn Bancshares, Inc...................... 340,659 3,304,392 National Security Group, Inc. (The)................ 977 12,945 National Western Life Insurance Co. Class A........ 3,479 829,359 #* Nationstar Mortgage Holdings, Inc.................. 21,130 543,252 * Naugatuck Valley Financial Corp.................... 2,250 19,508 Navient Corp....................................... 401,317 7,921,998 * Navigators Group, Inc. (The)....................... 27,773 2,061,312 # NBT Bancorp, Inc................................... 78,210 1,799,612 141 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Nelnet, Inc. Class A............................... 64,214 $ 2,808,720 New Hampshire Thrift Bancshares, Inc............... 5,906 89,594 # New York Community Bancorp, Inc.................... 433,346 6,695,196 #* NewBridge Bancorp.................................. 16,536 129,642 #* NewStar Financial, Inc............................. 72,656 767,974 * Nicholas Financial, Inc............................ 8,516 121,183 Northeast Bancorp.................................. 301 2,706 Northeast Community Bancorp, Inc................... 10,493 72,821 Northern Trust Corp................................ 180,967 11,831,622 # Northfield Bancorp, Inc............................ 107,616 1,549,670 # Northrim BanCorp, Inc.............................. 8,061 167,105 NorthStar Asset Management Group, Inc.............. 50,556 1,070,271 Northway Financial, Inc............................ 2,363 48,087 Northwest Bancshares, Inc.......................... 223,195 2,633,701 # Norwood Financial Corp............................. 2,272 68,024 # Ocean Shore Holding Co............................. 8,012 113,210 # OceanFirst Financial Corp.......................... 28,564 462,737 #* Ocwen Financial Corp............................... 183,013 1,120,040 OFG Bancorp........................................ 120,028 1,932,451 Ohio Valley Banc Corp.............................. 3,467 83,208 Old Line Bancshares, Inc........................... 4,134 59,695 Old National Bancorp............................... 243,359 3,263,444 # Old Republic International Corp.................... 445,788 6,258,864 * Old Second Bancorp, Inc............................ 13,666 74,343 # OneBeacon Insurance Group, Ltd. Class A............ 50,744 802,263 Oppenheimer Holdings, Inc. Class A................. 13,829 273,123 Oritani Financial Corp............................. 95,147 1,342,524 Pacific Continental Corp........................... 25,226 318,857 * Pacific Mercantile Bancorp......................... 10,106 69,226 * Pacific Premier Bancorp, Inc....................... 7,368 109,488 PacWest Bancorp.................................... 205,608 8,790,770 # Park National Corp................................. 21,931 1,763,472 Park Sterling Corp................................. 27,958 187,319 PartnerRe, Ltd..................................... 98,332 11,249,181 #* Patriot National Bancorp, Inc...................... 1,300 2,236 # Peapack Gladstone Financial Corp................... 14,506 258,642 # Penns Woods Bancorp, Inc........................... 6,023 267,481 # People's United Financial, Inc..................... 552,133 7,768,511 Peoples Bancorp.................................... 1,479 35,866 Peoples Bancorp of North Carolina, Inc............. 4,359 78,593 # Peoples Bancorp, Inc............................... 17,144 391,740 #* PHH Corp........................................... 85,169 2,124,115 #* Phoenix Cos., Inc. (The)........................... 8,763 543,569 #* PICO Holdings, Inc................................. 38,215 611,058 Pinnacle Financial Partners, Inc................... 61,506 2,210,526 #* Piper Jaffray Cos.................................. 23,362 1,192,630 Platinum Underwriters Holdings, Ltd................ 60,202 4,444,714 PNC Financial Services Group, Inc. (The)........... 224,520 18,980,921 * Popular, Inc....................................... 176,261 5,434,127 #* PRA Group, Inc..................................... 112,149 5,553,618 Preferred Bank..................................... 4,437 115,850 Premier Financial Bancorp, Inc..................... 6,752 100,132 Primerica, Inc..................................... 112,507 5,584,847 142 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Principal Financial Group, Inc..................... 329,033 $15,441,519 PrivateBancorp, Inc................................ 133,188 4,040,924 ProAssurance Corp.................................. 107,758 4,781,222 Progressive Corp. (The)............................ 622,018 16,141,367 Prosperity Bancshares, Inc......................... 107,624 4,928,103 Protective Life Corp............................... 136,379 9,539,711 Provident Financial Holdings, Inc.................. 13,977 216,923 Provident Financial Services, Inc.................. 107,711 1,869,863 Prudential Bancorp, Inc............................ 6,262 76,209 Prudential Financial, Inc.......................... 194,894 14,788,557 * PSB Holdings, Inc.................................. 3,341 25,191 Pulaski Financial Corp............................. 14,284 169,980 # Pzena Investment Management, Inc. Class A.......... 7,981 64,886 QC Holdings, Inc................................... 17,425 29,535 QCR Holdings, Inc.................................. 2,716 47,802 # Radian Group, Inc.................................. 195,407 3,079,614 Raymond James Financial, Inc....................... 160,094 8,424,146 # RCS Capital Corp. Class A.......................... 26,246 247,500 * Realogy Holdings Corp.............................. 136,050 6,326,325 #* Regional Management Corp........................... 4,340 63,060 Regions Financial Corp............................. 1,268,728 11,037,934 Reinsurance Group of America, Inc.................. 123,189 10,201,281 # RenaissanceRe Holdings, Ltd........................ 79,147 7,568,828 Renasant Corp...................................... 48,869 1,278,413 # Republic Bancorp, Inc. Class A..................... 27,977 637,596 #* Republic First Bancorp, Inc........................ 20,055 68,789 # Resource America, Inc. Class A..................... 36,988 325,125 * Riverview Bancorp, Inc............................. 12,542 55,185 # RLI Corp........................................... 77,868 3,652,788 * Royal Bancshares of Pennsylvania, Inc. Class A..... 13,512 24,322 # S&T Bancorp, Inc................................... 51,977 1,428,848 #* Safeguard Scientifics, Inc......................... 34,390 630,369 Safety Insurance Group, Inc........................ 61,117 3,786,198 Salisbury Bancorp, Inc............................. 1,248 34,070 # Sandy Spring Bancorp, Inc.......................... 39,949 987,939 SB Financial Group, Inc............................ 2,715 26,091 #* Seacoast Banking Corp. of Florida.................. 12,166 154,022 * Security National Financial Corp. Class A.......... 3,272 19,434 SEI Investments Co................................. 111,366 4,473,572 * Select Bancorp, Inc................................ 2,277 16,326 Selective Insurance Group, Inc..................... 100,732 2,600,900 * Shore Bancshares, Inc.............................. 6,595 61,004 SI Financial Group, Inc............................ 10,889 119,888 * Siebert Financial Corp............................. 8,302 14,778 Sierra Bancorp..................................... 17,579 278,451 * Signature Bank..................................... 71,154 8,334,268 # Simmons First National Corp. Class A............... 30,619 1,145,763 Simplicity Bancorp, Inc............................ 11,596 203,974 SLM Corp........................................... 1,145,986 10,439,932 South State Corp................................... 43,446 2,594,161 * Southcoast Financial Corp.......................... 5,485 41,138 * Southern First Bancshares, Inc..................... 3,032 53,060 Southern Missouri Bancorp, Inc..................... 1,461 54,057 143 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Southern National Bancorp of Virginia, Inc......... 1,825 $ 20,349 Southside Bancshares, Inc.......................... 41,566 1,134,752 Southwest Bancorp, Inc............................. 30,163 460,287 Southwest Georgia Financial Corp................... 1,954 27,102 #* St Joe Co. (The)................................... 106,833 1,726,421 StanCorp Financial Group, Inc...................... 92,945 5,766,308 State Auto Financial Corp.......................... 54,992 1,209,824 State Street Corp.................................. 181,410 12,972,629 Sterling Bancorp................................... 134,674 1,775,003 Stewart Information Services Corp.................. 51,094 1,829,165 * Stifel Financial Corp.............................. 112,961 5,326,111 # Stock Yards Bancorp, Inc........................... 22,032 678,586 * Stratus Properties, Inc............................ 6,860 92,473 Suffolk Bancorp.................................... 19,605 450,915 Summit State Bank.................................. 4,397 58,964 #* Sun Bancorp, Inc................................... 10,180 186,294 SunTrust Banks, Inc................................ 216,237 8,307,826 Susquehanna Bancshares, Inc........................ 454,919 5,736,529 Sussex Bancorp..................................... 2,871 28,710 * SVB Financial Group................................ 103,846 11,724,213 Symetra Financial Corp............................. 200,055 4,063,117 Synovus Financial Corp............................. 242,750 6,255,667 T Rowe Price Group, Inc............................ 51,606 4,062,424 TCF Financial Corp................................. 431,392 6,341,462 # TD Ameritrade Holding Corp......................... 441,139 14,288,492 #* Tejon Ranch Co..................................... 35,723 879,500 Territorial Bancorp, Inc........................... 16,671 362,428 # Teton Advisors, Inc. Class A....................... 95 5,194 * Texas Capital Bancshares, Inc...................... 69,835 2,852,760 TFS Financial Corp................................. 355,728 4,987,307 Timberland Bancorp, Inc............................ 5,770 60,585 # Tompkins Financial Corp............................ 20,489 1,050,471 # Torchmark Corp..................................... 125,912 6,304,414 # Towne Bank......................................... 46,466 674,222 * Transcontinental Realty Investors, Inc............. 100 1,108 Travelers Cos., Inc. (The)......................... 263,260 27,068,393 Trico Bancshares................................... 25,949 605,909 #* Trinity Place Holdings, Inc........................ 10,474 78,555 # TrustCo Bank Corp.................................. 164,225 1,055,967 # Trustmark Corp..................................... 156,951 3,352,473 U.S. Bancorp....................................... 1,031,884 43,246,258 # UMB Financial Corp................................. 81,804 3,969,130 # Umpqua Holdings Corp............................... 325,055 5,041,603 * Unico American Corp................................ 100 1,186 Union Bankshares Corp.............................. 76,220 1,524,400 Union Bankshares, Inc.............................. 2,439 60,475 United Bancshares, Inc............................. 2,086 30,247 # United Bankshares, Inc............................. 129,361 4,373,695 United Community Bancorp........................... 1,156 13,699 United Community Banks, Inc........................ 83,736 1,466,217 United Community Financial Corp.................... 11,197 60,464 United Financial Bancorp, Inc...................... 82,307 1,023,899 United Fire Group, Inc............................. 51,432 1,437,010 144 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) #* United Security Bancshares........................ 8,947 $ 46,167 Unity Bancorp, Inc................................ 6,414 58,752 # Universal Insurance Holdings, Inc................. 144,004 3,345,213 Univest Corp. of Pennsylvania..................... 28,527 528,320 Unum Group........................................ 232,854 7,232,445 # Validus Holdings, Ltd............................. 182,557 7,238,385 # Valley National Bancorp........................... 363,926 3,304,448 # Virtus Investment Partners, Inc................... 14,809 2,008,545 Voya Financial, Inc............................... 141,329 5,513,244 VSB Bancorp, Inc.................................. 134 1,581 Waddell & Reed Financial, Inc. Class A............ 62,426 2,791,066 * Walker & Dunlop, Inc.............................. 23,104 410,096 # Washington Federal, Inc........................... 266,620 5,295,073 # Washington Trust Bancorp, Inc..................... 27,109 992,732 Waterstone Financial, Inc......................... 26,989 342,221 Wayne Savings Bancshares, Inc..................... 1,615 21,415 Webster Financial Corp............................ 226,949 6,928,753 Wells Fargo & Co.................................. 2,946,809 152,998,323 # WesBanco, Inc..................................... 48,046 1,450,028 # West Bancorporation, Inc.......................... 23,486 384,231 # Westamerica Bancorporation........................ 47,131 1,917,289 * Western Alliance Bancorp.......................... 183,350 4,713,928 Westfield Financial, Inc.......................... 39,650 285,480 # Westwood Holdings Group, Inc...................... 9,520 561,585 Willis Group Holdings P.L.C....................... 162,234 7,024,732 Wilshire Bancorp, Inc............................. 201,471 1,833,386 Wintrust Financial Corp........................... 112,649 4,896,852 # WisdomTree Investments, Inc....................... 122,404 2,132,278 #* World Acceptance Corp............................. 24,217 1,778,739 WR Berkley Corp................................... 153,925 7,540,786 WSFS Financial Corp............................... 2,399 177,190 WVS Financial Corp................................ 2,157 24,439 XL Group P.L.C.................................... 280,092 9,660,373 * Yadkin Financial Corp............................. 7,065 134,659 # Zions Bancorporation.............................. 329,739 7,900,546 -------------- Total Financials...................................... 2,107,581,819 -------------- Health Care -- (10.3%) # Abaxis, Inc....................................... 12,970 797,396 Abbott Laboratories............................... 348,984 15,620,524 AbbVie, Inc....................................... 305,517 18,437,951 #* Acadia Healthcare Co., Inc........................ 62,431 3,605,390 #* ACADIA Pharmaceuticals, Inc....................... 30,790 936,940 #* Accelerate Diagnostics, Inc....................... 2,471 53,127 #* Accretive Health, Inc............................. 10,626 62,162 #* Accuray, Inc...................................... 92,130 678,998 #* Acorda Therapeutics, Inc.......................... 55,709 2,314,709 #* Actavis P.L.C..................................... 166,039 44,256,035 #* Adcare Health Systems, Inc........................ 4,107 16,428 * Addus HomeCare Corp............................... 18,950 420,311 Aetna, Inc........................................ 245,037 22,499,297 #* Affymetrix, Inc................................... 129,136 1,425,661 Agilent Technologies, Inc......................... 111,495 4,211,166 145 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Agios Pharmaceuticals, Inc......................... 12,053 $ 1,397,184 #* Air Methods Corp................................... 119,046 4,946,361 #* Akorn, Inc......................................... 123,366 5,252,924 #* Albany Molecular Research, Inc..................... 57,748 943,025 * Alere, Inc......................................... 142,568 5,801,092 * Alexion Pharmaceuticals, Inc....................... 36,176 6,628,890 #* Align Technology, Inc.............................. 80,275 4,258,589 #* Alkermes P.L.C..................................... 49,654 3,587,501 Allergan, Inc...................................... 33,891 7,430,941 #* Alliance HealthCare Services, Inc.................. 12,755 287,498 * Allied Healthcare Products, Inc.................... 6,964 10,864 #* Allscripts Healthcare Solutions, Inc............... 313,825 3,737,656 #* Almost Family, Inc................................. 15,137 459,559 #* Alnylam Pharmaceuticals, Inc....................... 41,355 3,880,340 #* Alphatec Holdings, Inc............................. 95,998 122,877 #* AMAG Pharmaceuticals, Inc.......................... 27,690 1,223,621 #* Amedisys, Inc...................................... 56,578 1,594,368 * American Shared Hospital Services.................. 4,179 10,489 AmerisourceBergen Corp............................. 109,181 10,377,654 Amgen, Inc......................................... 233,507 35,553,776 * AMN Healthcare Services, Inc....................... 111,494 2,098,317 #* Amsurg Corp........................................ 103,260 5,697,887 # Analogic Corp...................................... 19,808 1,614,946 * AngioDynamics, Inc................................. 55,496 1,068,021 #* ANI Pharmaceuticals, Inc........................... 1,410 78,918 #* Anika Therapeutics, Inc............................ 42,747 1,674,827 Anthem, Inc........................................ 203,028 27,400,659 * Arqule, Inc........................................ 26,787 31,073 * Arrhythmia Research Technology, Inc................ 1,790 13,765 #* athenahealth, Inc.................................. 19,206 2,683,270 # Atrion Corp........................................ 3,127 1,047,545 Baxter International, Inc.......................... 121,749 8,560,172 # Becton Dickinson and Co............................ 35,105 4,847,298 * Bio-Rad Laboratories, Inc. Class A................. 40,171 4,598,374 * Bio-Rad Laboratories, Inc. Class B................. 2,960 330,232 #* Bio-Reference Laboratories, Inc.................... 36,510 1,224,180 Bio-Techne Corp.................................... 28,585 2,658,977 #* Bioanalytical Systems, Inc......................... 2,068 4,301 #* BioDelivery Sciences International, Inc............ 11,868 155,471 * Biogen Idec, Inc................................... 37,807 14,712,972 * BioMarin Pharmaceutical, Inc....................... 35,450 3,444,322 #* BioScrip, Inc...................................... 183,767 1,056,660 #* Biospecifics Technologies Corp..................... 2,832 111,411 #* Biota Pharmaceuticals, Inc......................... 5,213 12,511 #* BioTelemetry, Inc.................................. 40,437 399,518 * Bluebird Bio, Inc.................................. 5,067 470,775 * Boston Scientific Corp............................. 946,021 14,010,571 #* Bovie Medical Corp................................. 16,167 56,584 Bristol-Myers Squibb Co............................ 238,259 14,359,870 #* Brookdale Senior Living, Inc....................... 188,575 6,364,406 #* Bruker Corp........................................ 89,914 1,695,778 * Cambrex Corp....................................... 85,291 1,913,077 Cantel Medical Corp................................ 67,806 2,750,889 146 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Capital Senior Living Corp......................... 60,311 $ 1,439,624 Cardinal Health, Inc............................... 103,083 8,575,475 * CareFusion Corp.................................... 203,373 12,060,019 #* Catalyst Pharmaceutical Partners, Inc.............. 890 3,249 * Celgene Corp....................................... 144,936 17,270,574 #* Celsion Corp....................................... 1,650 3,647 * Centene Corp....................................... 71,923 7,851,115 #* Cepheid............................................ 23,706 1,339,626 * Cerner Corp........................................ 52,076 3,455,243 * Charles River Laboratories International, Inc...... 114,374 7,931,837 # Chemed Corp........................................ 31,925 3,228,894 Cigna Corp......................................... 203,814 21,773,450 #* Columbia Laboratories, Inc......................... 811 4,501 #* Community Health Systems, Inc...................... 319,997 15,062,259 # Computer Programs & Systems, Inc................... 22,595 1,113,030 CONMED Corp........................................ 44,973 2,142,514 # Cooper Cos., Inc. (The)............................ 74,291 11,711,976 * Corvel Corp........................................ 31,890 1,050,457 * Covance, Inc....................................... 73,012 7,754,605 CR Bard, Inc....................................... 27,871 4,766,777 * Cross Country Healthcare, Inc...................... 57,499 588,215 # CryoLife, Inc...................................... 49,977 562,741 * Cumberland Pharmaceuticals, Inc.................... 29,618 172,081 * Cutera, Inc........................................ 22,365 297,454 * Cyberonics, Inc.................................... 39,478 2,193,792 * Cynosure, Inc. Class A............................. 45,485 1,374,557 * DaVita HealthCare Partners, Inc.................... 313,677 23,544,596 Daxor Corp......................................... 5,407 33,686 DENTSPLY International, Inc........................ 96,933 4,849,073 * Depomed, Inc....................................... 119,266 2,178,990 * DexCom, Inc........................................ 25,640 1,532,759 Digirad Corp....................................... 23,800 98,770 * Durect Corp........................................ 40,784 38,337 #* Dynavax Technologies Corp.......................... 2,374 40,595 * Edwards Lifesciences Corp.......................... 43,080 5,400,078 # Eli Lilly & Co..................................... 162,916 11,729,952 #* Emergent Biosolutions, Inc......................... 61,423 1,721,687 #* Endo International P.L.C........................... 134,230 10,686,025 Ensign Group, Inc. (The)........................... 48,512 2,013,248 #* EnteroMedics, Inc.................................. 417 484 * Envision Healthcare Holdings, Inc.................. 82,313 2,829,921 #* Enzo Biochem, Inc.................................. 53,941 169,914 * EPIRUS Biopharmaceuticals, Inc..................... 890 4,406 #* Exact Sciences Corp................................ 15,692 426,979 * Exactech, Inc...................................... 20,840 433,264 #* ExamWorks Group, Inc............................... 69,079 2,553,160 * Express Scripts Holding Co......................... 462,397 37,320,062 * Five Star Quality Care, Inc........................ 82,966 288,722 * Genesis Healthcare, Inc............................ 34,371 285,279 * Gentiva Health Services, Inc....................... 57,592 1,118,437 * Gilead Sciences, Inc............................... 289,862 30,386,233 #* Globus Medical, Inc. Class A....................... 120,017 2,830,001 * Greatbatch, Inc.................................... 39,087 1,898,065 147 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Haemonetics Corp................................... 90,565 $ 3,586,374 * Halyard Health, Inc................................ 9,471 422,122 #* Hanger, Inc........................................ 54,530 1,176,757 #* Harvard Apparatus Regenerative Technology, Inc..... 10,276 33,397 * Harvard Bioscience, Inc............................ 41,105 214,157 * HCA Holdings, Inc.................................. 46,506 3,292,625 * Health Net, Inc.................................... 155,519 8,424,464 # HealthSouth Corp................................... 87,113 3,841,683 * HealthStream, Inc.................................. 26,746 755,842 #* Healthways, Inc.................................... 67,617 1,394,263 * Henry Schein, Inc.................................. 63,424 8,756,952 Hill-Rom Holdings, Inc............................. 161,072 7,692,799 #* HMS Holdings Corp.................................. 105,514 2,087,594 * Hologic, Inc....................................... 252,918 7,679,855 * Hospira, Inc....................................... 117,874 7,476,748 Humana, Inc........................................ 169,557 24,829,927 * Hyperion Therapeutics, Inc......................... 4,368 110,510 #* ICU Medical, Inc................................... 24,911 2,082,061 #* Idera Pharmaceuticals, Inc......................... 30,405 137,431 #* IDEXX Laboratories, Inc............................ 28,740 4,552,991 #* IGI Laboratories, Inc.............................. 647 6,444 * Illumina, Inc...................................... 19,907 3,885,647 #* Impax Laboratories, Inc............................ 115,042 4,218,590 #* Incyte Corp........................................ 86,152 6,867,176 * Infinity Pharmaceuticals, Inc...................... 22,453 346,674 #* Insys Therapeutics, Inc............................ 3,353 160,206 #* Integra LifeSciences Holdings Corp................. 45,928 2,559,108 * Intrexon Corp...................................... 9,584 275,157 * Intuitive Surgical, Inc............................ 5,920 2,927,322 Invacare Corp...................................... 58,485 856,805 #* IPC Healthcare, Inc................................ 38,101 1,537,756 #* Iridex Corp........................................ 6,507 58,888 #* Isis Pharmaceuticals, Inc.......................... 22,929 1,570,866 #* Jazz Pharmaceuticals P.L.C......................... 24,763 4,193,366 Johnson & Johnson.................................. 928,557 92,985,698 Kewaunee Scientific Corp........................... 3,000 53,820 Kindred Healthcare, Inc............................ 125,320 2,313,407 * Laboratory Corp. of America Holdings............... 108,408 12,443,070 # Landauer, Inc...................................... 5,650 158,030 #* Lannett Co., Inc................................... 83,051 3,939,109 LeMaitre Vascular, Inc............................. 22,583 178,632 #* LHC Group, Inc..................................... 30,502 906,519 * LifePoint Hospitals, Inc........................... 79,199 5,166,943 #* Ligand Pharmaceuticals, Inc. Class B............... 21,542 1,226,171 #* Luminex Corp....................................... 57,588 1,016,428 #* Magellan Health, Inc............................... 65,019 3,908,942 #* Mallinckrodt P.L.C................................. 97,158 10,297,776 * Masimo Corp........................................ 85,503 2,182,037 * Mast Therapeutics, Inc............................. 25,886 11,312 McKesson Corp...................................... 54,224 11,530,734 * MedAssets, Inc..................................... 107,780 1,995,008 o#* MedCath Corp....................................... 26,258 -- #* Medicines Co. (The)................................ 145,921 4,183,555 148 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) * MediciNova, Inc.................................... 5,363 $ 20,272 * Medivation, Inc.................................... 22,318 2,428,645 * MEDNAX, Inc........................................ 163,040 11,068,786 # Medtronic P.L.C.................................... 383,017 27,347,383 Merck & Co., Inc................................... 1,331,605 80,269,149 * Merge Healthcare, Inc.............................. 7,819 28,930 # Meridian Bioscience, Inc........................... 38,867 672,399 * Merit Medical Systems, Inc......................... 75,202 1,152,847 * Mettler-Toledo International, Inc.................. 12,711 3,863,508 * Misonix, Inc....................................... 8,260 110,436 #* Molina Healthcare, Inc............................. 78,298 3,986,151 #* Momenta Pharmaceuticals, Inc....................... 88,278 950,754 * MWI Veterinary Supply, Inc......................... 19,156 3,633,319 #* Mylan, Inc......................................... 115,253 6,125,697 #* Myriad Genetics, Inc............................... 134,178 5,020,941 National Healthcare Corp........................... 20,065 1,263,493 # National Research Corp. Class A.................... 29,412 407,356 # National Research Corp. Class B.................... 4,902 169,364 #* Natus Medical, Inc................................. 58,055 2,182,868 * Neogen Corp........................................ 29,077 1,340,450 * NPS Pharmaceuticals, Inc........................... 19,958 915,274 * NuVasive, Inc...................................... 75,518 3,497,994 # Omnicare, Inc...................................... 141,165 10,584,552 * Omnicell, Inc...................................... 58,316 1,856,198 #* OncoGenex Pharmaceuticals, Inc..................... 1,700 3,417 #* Opko Health, Inc................................... 375,397 4,553,566 #* OraSure Technologies, Inc.......................... 60,788 558,642 * Orthofix International NV.......................... 34,348 1,047,614 # Owens & Minor, Inc................................. 116,354 3,982,797 #* Pacific Biosciences of California, Inc............. 66,354 533,486 #* Pacira Pharmaceuticals, Inc........................ 12,046 1,293,138 * Pain Therapeutics, Inc............................. 50,349 99,188 # Paratek Pharmaceuticals, Inc....................... 1,918 47,375 #* PAREXEL International Corp......................... 121,708 7,419,320 # Patterson Cos., Inc................................ 152,111 7,619,240 #* PDI, Inc........................................... 21,336 33,284 # PDL BioPharma, Inc................................. 149,198 1,087,653 PerkinElmer, Inc................................... 216,101 9,877,977 #* Pernix Therapeutics Holdings, Inc.................. 7,120 59,167 Perrigo Co. P.L.C.................................. 38,500 5,841,990 Pfizer, Inc........................................ 3,831,803 119,743,844 #* Pharmacyclics, Inc................................. 11,655 1,966,781 * PharMerica Corp.................................... 72,424 1,666,476 #* PhotoMedex, Inc.................................... 7,613 14,312 #* Pozen, Inc......................................... 43,128 298,014 #* Prestige Brands Holdings, Inc...................... 94,631 3,242,058 #* Progenics Pharmaceuticals, Inc..................... 99,984 597,904 * ProPhase Labs, Inc................................. 19,981 31,770 * Providence Service Corp. (The)..................... 43,998 1,715,922 #* pSivida Corp....................................... 22,452 86,889 Psychemedics Corp.................................. 1,810 27,078 #* Puma Biotechnology, Inc............................ 9,263 1,955,234 Quality Systems, Inc............................... 84,006 1,368,458 149 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) # Quest Diagnostics, Inc............................. 126,605 $ 8,997,817 #* Quidel Corp........................................ 50,738 1,194,373 * Quintiles Transnational Holdings, Inc.............. 12,318 745,239 #* RadNet, Inc........................................ 70,513 556,348 * Receptos, Inc...................................... 10,193 1,122,963 #* Regeneron Pharmaceuticals, Inc..................... 22,072 9,196,520 #* Repligen Corp...................................... 54,646 1,327,351 # ResMed, Inc........................................ 67,431 4,212,415 #* Retractable Technologies, Inc...................... 7,725 32,522 * Retrophin, Inc..................................... 799 10,259 #* Rigel Pharmaceuticals, Inc......................... 102,876 212,953 #* RTI Surgical, Inc.................................. 87,990 392,435 #* Sagent Pharmaceuticals, Inc........................ 44,442 1,140,826 #* Salix Pharmaceuticals, Ltd......................... 24,827 3,343,452 #* Sciclone Pharmaceuticals, Inc...................... 101,474 748,878 #* Seattle Genetics, Inc.............................. 40,404 1,258,989 Select Medical Holdings Corp....................... 226,121 3,057,156 Simulations Plus, Inc.............................. 4,400 27,984 #* Sirona Dental Systems, Inc......................... 80,502 7,262,890 Span-America Medical Systems, Inc.................. 3,812 65,566 * Special Diversified Opportunities, Inc............. 14,178 16,872 #* Spectrum Pharmaceuticals, Inc...................... 95,574 669,018 St Jude Medical, Inc............................... 107,707 7,094,660 #* Staar Surgical Co.................................. 21,708 130,248 * StemCells, Inc..................................... 545 621 #* Stereotaxis, Inc................................... 4,433 7,359 # STERIS Corp........................................ 101,743 6,635,678 Stryker Corp....................................... 51,444 4,683,976 #* Sucampo Pharmaceuticals, Inc. Class A.............. 14,749 222,120 * SunLink Health Systems, Inc........................ 3,122 4,324 #* SurModics, Inc..................................... 27,984 641,393 * Symmetry Surgical, Inc............................. 19,109 137,585 #* Synageva BioPharma Corp............................ 8,774 1,010,940 * Targacept, Inc..................................... 9,807 24,616 * Taro Pharmaceutical Industries, Ltd................ 6,748 1,123,542 * Team Health Holdings, Inc.......................... 71,306 3,686,520 Teleflex, Inc...................................... 75,035 8,220,835 #* Tenet Healthcare Corp.............................. 164,303 6,946,731 #* Theravance Biopharma, Inc.......................... 3,588 58,269 Thermo Fisher Scientific, Inc...................... 169,955 21,280,066 #* Thoratec Corp...................................... 97,164 3,487,216 * Tornier NV......................................... 25,474 615,707 * Triple-S Management Corp. Class B.................. 42,867 1,032,237 #* United Therapeutics Corp........................... 60,724 8,569,978 UnitedHealth Group, Inc............................ 576,403 61,242,819 * Universal American Corp............................ 146,650 1,324,249 Universal Health Services, Inc. Class B............ 110,174 11,296,140 #* Uroplasty, Inc..................................... 2,767 3,403 US Physical Therapy, Inc........................... 23,483 910,906 # Utah Medical Products, Inc......................... 6,006 340,480 #* Varian Medical Systems, Inc........................ 34,120 3,158,147 #* Vascular Solutions, Inc............................ 30,120 821,071 * VCA, Inc........................................... 174,938 9,114,270 150 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Health Care -- (Continued) * Vertex Pharmaceuticals, Inc........................ 30,622 $ 3,372,707 * Vical, Inc......................................... 19,691 20,479 #* Volcano Corp....................................... 31,538 566,738 * Waters Corp........................................ 16,195 1,928,015 #* WellCare Health Plans, Inc......................... 81,910 5,967,143 West Pharmaceutical Services, Inc.................. 107,900 5,320,549 * Wright Medical Group, Inc.......................... 77,860 1,900,563 #* XenoPort, Inc...................................... 1,326 11,046 Zimmer Holdings, Inc............................... 128,176 14,368,530 Zoetis, Inc........................................ 592,493 25,317,226 -------------- Total Health Care...................................... 1,504,500,352 -------------- Industrials -- (13.0%) 3M Co.............................................. 139,848 22,697,330 AAON, Inc.......................................... 89,218 1,945,845 AAR Corp........................................... 64,754 1,855,850 ABM Industries, Inc................................ 109,548 3,162,651 # Acacia Research Corp............................... 71,606 896,507 * ACCO Brands Corp................................... 227,749 1,803,772 * Accuride Corp...................................... 34,436 151,518 # Aceto Corp......................................... 59,339 1,151,177 Acme United Corp................................... 2,302 43,738 * Active Power, Inc.................................. 920 1,665 # Actuant Corp. Class A.............................. 121,522 2,808,373 Acuity Brands, Inc................................. 38,296 5,740,187 #* Adept Technology, Inc.............................. 14,123 131,344 # ADT Corp. (The).................................... 263,965 9,080,396 #* Advisory Board Co. (The)........................... 34,506 1,617,641 * AECOM.............................................. 301,776 7,671,146 * Aegion Corp........................................ 85,406 1,308,420 #* AeroCentury Corp................................... 1,459 11,818 #* Aerovironment, Inc................................. 45,391 1,161,556 # AGCO Corp.......................................... 164,243 7,118,292 Air Lease Corp..................................... 109,191 3,815,134 * Air Transport Services Group, Inc.................. 113,524 945,655 Aircastle, Ltd..................................... 23,816 477,749 Alamo Group, Inc................................... 20,867 940,058 Alaska Air Group, Inc.............................. 263,148 17,859,855 Albany International Corp. Class A................. 48,542 1,656,738 # Allegiant Travel Co................................ 38,450 6,969,831 Allegion P.L.C..................................... 52,413 2,830,826 # Alliant Techsystems, Inc........................... 58,270 7,593,164 Allied Motion Technologies, Inc.................... 6,678 149,721 Allison Transmission Holdings, Inc................. 369,002 11,557,143 Altra Industrial Motion Corp....................... 53,496 1,366,823 * AMERCO............................................. 35,049 10,027,869 #* Ameresco, Inc. Class A............................. 37,184 216,783 American Airlines Group, Inc....................... 199,017 9,767,754 # American Railcar Industries, Inc................... 39,572 1,986,514 # American Science & Engineering, Inc................ 13,412 622,317 #* American Superconductor Corp....................... 9,532 6,672 * American Woodmark Corp............................. 33,585 1,381,351 AMETEK, Inc........................................ 237,482 11,375,388 151 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* AMREP Corp......................................... 9,572 $ 36,374 AO Smith Corp...................................... 120,046 7,131,933 Apogee Enterprises, Inc............................ 60,477 2,616,235 # Applied Industrial Technologies, Inc............... 75,080 3,035,484 * ARC Document Solutions, Inc........................ 111,137 1,019,126 ArcBest Corp....................................... 42,847 1,596,479 Argan, Inc......................................... 45,335 1,378,637 * Armstrong World Industries, Inc.................... 125,215 6,348,400 #* Arotech Corp....................................... 5,156 11,756 Astec Industries, Inc.............................. 42,098 1,497,005 * Astronics Corp..................................... 19,607 1,091,914 #* Astronics Corp. Class B............................ 8,343 467,208 #* Atlas Air Worldwide Holdings, Inc.................. 67,257 3,040,016 * Avalon Holdings Corp. Class A...................... 1,202 3,642 #* Avis Budget Group, Inc............................. 256,531 14,701,792 # AZZ, Inc........................................... 52,103 2,198,226 #* B/E Aerospace, Inc................................. 114,075 6,653,995 Babcock & Wilcox Co. (The)......................... 155,103 4,223,455 # Baltic Trading, Ltd................................ 21,705 35,162 Barnes Group, Inc.................................. 107,347 3,687,369 # Barrett Business Services, Inc..................... 13,746 421,315 * Beacon Roofing Supply, Inc......................... 96,324 2,281,916 * Blount International, Inc.......................... 179,284 2,778,902 #* BlueLinx Holdings, Inc............................. 86,144 89,590 # Boeing Co. (The)................................... 124,433 18,088,825 Brady Corp. Class A................................ 86,301 2,258,497 * Breeze-Eastern Corp................................ 12,352 124,138 # Briggs & Stratton Corp............................. 95,581 1,759,646 Brink's Co. (The).................................. 97,110 2,176,235 * Broadwind Energy, Inc.............................. 2,072 10,111 #* Builders FirstSource, Inc.......................... 92,663 548,565 * CAI International, Inc............................. 36,491 765,216 Carlisle Cos., Inc................................. 122,001 10,941,050 * Casella Waste Systems, Inc. Class A................ 38,456 146,517 Caterpillar, Inc................................... 256,407 20,504,868 #* CBIZ, Inc.......................................... 114,865 951,082 CDI Corp........................................... 32,108 545,515 # Ceco Environmental Corp............................ 31,518 432,427 Celadon Group, Inc................................. 57,078 1,360,169 # CH Robinson Worldwide, Inc......................... 64,641 4,603,732 * Chart Industries, Inc.............................. 42,909 1,222,906 # Chicago Bridge & Iron Co. NV....................... 46,220 1,595,052 Chicago Rivet & Machine Co......................... 653 19,930 Cintas Corp........................................ 116,576 9,174,531 # CIRCOR International, Inc.......................... 30,383 1,500,616 Civeo Corp......................................... 196,714 576,372 # CLARCOR, Inc....................................... 80,720 5,047,422 #* Clean Harbors, Inc................................. 101,624 4,808,848 #* Colfax Corp........................................ 89,372 4,049,445 Columbus McKinnon Corp............................. 37,132 930,157 Comfort Systems USA, Inc........................... 74,567 1,241,541 * Command Security Corp.............................. 10,654 23,545 #* Commercial Vehicle Group, Inc...................... 30,504 168,687 152 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Compx International, Inc........................... 3,471 $ 37,452 Con-way, Inc....................................... 160,978 6,595,269 # Copa Holdings SA Class A........................... 43,252 4,650,023 * Copart, Inc........................................ 137,600 5,036,160 Corporate Executive Board Co. (The)................ 60,825 4,167,729 Courier Corp....................................... 21,176 497,001 # Covanta Holding Corp............................... 316,595 6,471,202 * Covenant Transportation Group, Inc. Class A........ 20,451 578,763 #* CPI Aerostructures, Inc............................ 8,781 103,177 * CRA International, Inc............................. 14,257 421,009 Crane Co........................................... 86,928 5,298,262 CSX Corp........................................... 808,333 26,917,489 #* CTPartners Executive Search, Inc................... 2,798 15,333 Cubic Corp......................................... 42,291 2,211,396 Cummins, Inc....................................... 63,279 8,824,889 Curtiss-Wright Corp................................ 97,763 6,504,172 Danaher Corp....................................... 304,277 25,066,339 # Deere & Co......................................... 179,496 15,291,264 Delta Air Lines, Inc............................... 624,896 29,563,830 # Deluxe Corp........................................ 124,496 8,083,525 #* DigitalGlobe, Inc.................................. 125,841 3,383,864 # Donaldson Co., Inc................................. 120,619 4,409,831 Douglas Dynamics, Inc.............................. 57,530 1,161,531 Dover Corp......................................... 201,847 14,137,364 * Ducommun, Inc...................................... 18,069 469,252 # Dun & Bradstreet Corp. (The)....................... 32,781 3,773,421 #* DXP Enterprises, Inc............................... 25,098 1,029,520 * Dycom Industries, Inc.............................. 64,678 1,992,729 Dynamic Materials Corp............................. 20,382 288,609 * Eagle Bulk Shipping, Inc........................... 1 10 Eastern Co. (The).................................. 6,782 128,315 Eaton Corp. P.L.C.................................. 195,944 12,362,107 #* Echo Global Logistics, Inc......................... 49,984 1,319,578 Ecology and Environment, Inc. Class A.............. 3,767 36,917 EMCOR Group, Inc................................... 126,090 5,088,992 # Emerson Electric Co................................ 298,448 16,993,629 Encore Wire Corp................................... 37,694 1,154,567 #* Energy Recovery, Inc............................... 58,749 193,872 EnerSys............................................ 100,423 5,862,695 * Engility Holdings, Inc............................. 26,993 1,077,021 Ennis, Inc......................................... 39,500 526,930 * EnPro Industries, Inc.............................. 35,768 2,122,115 EnviroStar, Inc.................................... 100 238 Equifax, Inc....................................... 118,070 9,972,192 ESCO Technologies, Inc............................. 51,997 1,872,932 Espey Manufacturing & Electronics Corp............. 4,614 123,701 * Esterline Technologies Corp........................ 60,623 6,795,232 Exelis, Inc........................................ 376,349 6,439,331 # Expeditors International of Washington, Inc........ 50,522 2,206,801 Exponent, Inc...................................... 23,256 1,863,736 # Fastenal Co........................................ 121,376 5,389,094 Federal Signal Corp................................ 113,443 1,732,275 FedEx Corp......................................... 214,708 36,309,270 153 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) Flowserve Corp..................................... 87,256 $ 4,754,579 Fluor Corp......................................... 172,487 9,243,578 Fortune Brands Home & Security, Inc................ 124,103 5,558,573 Forward Air Corp................................... 68,912 3,094,149 * Franklin Covey Co.................................. 28,154 508,743 # Franklin Electric Co., Inc......................... 90,037 3,080,166 # FreightCar America, Inc............................ 31,593 737,381 #* FTI Consulting, Inc................................ 96,894 3,940,679 #* Fuel Tech, Inc..................................... 30,552 98,683 * Furmanite Corp..................................... 64,389 471,971 G&K Services, Inc. Class A......................... 45,441 3,185,414 GATX Corp.......................................... 77,786 4,445,470 #* Gencor Industries, Inc............................. 5,578 51,039 #* GenCorp, Inc....................................... 63,086 1,059,845 #* Generac Holdings, Inc.............................. 72,815 3,184,928 # General Cable Corp................................. 82,789 947,106 General Dynamics Corp.............................. 162,242 21,612,257 General Electric Co................................ 4,061,967 97,040,392 * Genesee & Wyoming, Inc. Class A.................... 91,620 7,554,069 * Gibraltar Industries, Inc.......................... 49,354 747,220 # Global Power Equipment Group, Inc.................. 22,239 274,207 #* Goldfield Corp. (The).............................. 18,424 41,822 # Gorman-Rupp Co. (The).............................. 38,613 1,100,857 * GP Strategies Corp................................. 34,535 1,152,778 # Graco, Inc......................................... 61,478 4,379,693 #* GrafTech International, Ltd........................ 231,830 841,543 Graham Corp........................................ 17,619 364,537 # Granite Construction, Inc.......................... 68,835 2,345,897 #* Great Lakes Dredge & Dock Corp..................... 104,691 813,449 # Greenbrier Cos., Inc. (The)........................ 47,338 2,458,262 # Griffon Corp....................................... 98,568 1,447,964 H&E Equipment Services, Inc........................ 73,022 1,280,806 Hardinge, Inc...................................... 16,040 183,016 # Harsco Corp........................................ 195,535 2,886,097 #* Hawaiian Holdings, Inc............................. 88,476 1,719,973 #* HC2 Holdings, Inc.................................. 10,474 78,136 * HD Supply Holdings, Inc............................ 176,933 5,100,978 # Healthcare Services Group, Inc..................... 60,089 1,893,404 # Heartland Express, Inc............................. 238,374 6,123,828 # HEICO Corp......................................... 37,893 2,299,347 HEICO Corp. Class A................................ 69,069 3,257,985 Heidrick & Struggles International, Inc............ 32,112 711,602 #* Heritage-Crystal Clean, Inc........................ 7,298 93,050 Herman Miller, Inc................................. 98,703 2,867,322 * Hertz Global Holdings, Inc......................... 607,737 12,470,763 Hexcel Corp........................................ 180,398 7,979,004 * Hill International, Inc............................ 51,954 198,464 Hillenbrand, Inc................................... 168,993 5,308,070 # HNI Corp........................................... 111,181 5,475,664 Honeywell International, Inc....................... 187,586 18,338,407 # Houston Wire & Cable Co............................ 30,850 341,510 * Hub Group, Inc. Class A............................ 95,997 3,206,300 Hubbell, Inc. Class A.............................. 7,919 859,607 154 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Hubbell, Inc. Class B.............................. 61,174 $ 6,486,891 * Hudson Global, Inc................................. 43,679 107,014 Huntington Ingalls Industries, Inc................. 122,180 14,246,188 Hurco Cos., Inc.................................... 10,295 361,149 * Huron Consulting Group, Inc........................ 41,064 3,088,834 Hyster-Yale Materials Handling, Inc................ 25,081 1,571,325 * ICF International, Inc............................. 34,733 1,297,625 IDEX Corp.......................................... 133,842 9,683,469 * IHS, Inc. Class A.................................. 31,370 3,611,628 Illinois Tool Works, Inc........................... 102,413 9,533,626 Ingersoll-Rand P.L.C............................... 194,504 12,915,066 #* InnerWorkings, Inc................................. 66,030 338,734 #* Innovative Solutions & Support, Inc................ 19,910 78,445 # Insperity, Inc..................................... 48,998 2,054,976 Insteel Industries, Inc............................ 28,079 573,373 * Integrated Electrical Services, Inc................ 17,939 131,134 * Intelligent Systems Corp........................... 629 1,289 Interface, Inc..................................... 94,106 1,478,405 # International Shipholding Corp..................... 8,363 140,164 # Intersections, Inc................................. 30,961 105,887 ITT Corp........................................... 141,625 5,071,591 * Jacobs Engineering Group, Inc...................... 84,730 3,228,213 JB Hunt Transport Services, Inc.................... 50,437 4,015,290 #* JetBlue Airways Corp............................... 640,033 10,746,154 John Bean Technologies Corp........................ 48,894 1,476,110 # Joy Global, Inc.................................... 161,256 6,763,077 Kadant, Inc........................................ 17,092 679,236 # Kaman Corp......................................... 84,492 3,212,386 # Kansas City Southern............................... 107,009 11,780,621 KAR Auction Services, Inc.......................... 287,706 9,813,652 KBR, Inc........................................... 255,616 4,225,332 # Kelly Services, Inc. Class A....................... 66,345 1,121,230 Kelly Services, Inc. Class B....................... 1,275 21,720 # Kennametal, Inc.................................... 133,816 4,204,499 * Key Technology, Inc................................ 7,462 95,514 Kforce, Inc........................................ 73,773 1,726,288 Kimball International, Inc. Class B................ 51,792 449,037 * Kirby Corp......................................... 101,453 7,354,328 * KLX, Inc........................................... 57,037 2,242,124 # Knight Transportation, Inc......................... 281,835 8,029,479 # Knightsbridge Shipping, Ltd........................ 101,299 406,209 Knoll, Inc......................................... 101,712 2,084,079 * Korn/Ferry International........................... 81,882 2,333,637 #* Kratos Defense & Security Solutions, Inc........... 143,728 698,518 L-3 Communications Holdings, Inc................... 100,263 12,344,381 Landstar System, Inc............................... 70,807 4,537,313 * Lawson Products, Inc............................... 12,431 305,803 #* Layne Christensen Co............................... 34,483 278,967 LB Foster Co. Class A.............................. 17,351 822,611 Lennox International, Inc.......................... 51,698 5,082,430 Lincoln Electric Holdings, Inc..................... 120,085 8,154,972 # Lindsay Corp....................................... 20,998 1,814,647 #* LMI Aerospace, Inc................................. 17,391 246,952 155 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Lockheed Martin Corp............................... 58,142 $10,952,209 LS Starrett Co. (The) Class A...................... 9,260 199,738 LSI Industries, Inc................................ 42,695 313,381 * Luna Innovations, Inc.............................. 4,551 7,646 * Lydall, Inc........................................ 28,480 784,624 * Magnetek, Inc...................................... 1,525 60,268 #* Manitex International, Inc......................... 2,123 23,226 # Manitowoc Co., Inc. (The).......................... 202,460 3,786,002 Manpowergroup, Inc................................. 111,195 8,103,892 # Marten Transport, Ltd.............................. 61,948 1,266,837 Masco Corp......................................... 153,929 3,823,596 #* MasTec, Inc........................................ 125,372 2,321,889 * Mastech Holdings, Inc.............................. 3,567 37,132 Matson, Inc........................................ 79,848 2,774,718 Matthews International Corp. Class A............... 55,066 2,551,208 McGrath RentCorp................................... 42,419 1,288,689 * Meritor, Inc....................................... 182,700 2,338,560 * Mfri, Inc.......................................... 6,501 36,276 * Middleby Corp. (The)............................... 73,607 6,994,137 Miller Industries, Inc............................. 16,917 341,723 * Mistras Group, Inc................................. 41,992 844,039 Mobile Mini, Inc................................... 85,171 3,091,707 * Moog, Inc. Class A................................. 70,114 4,929,014 #* Moog, Inc. Class B................................. 6,265 439,991 #* MRC Global, Inc.................................... 169,765 1,835,160 # MSA Safety, Inc.................................... 75,546 3,298,338 # MSC Industrial Direct Co., Inc. Class A............ 65,315 4,903,197 Mueller Industries, Inc............................ 118,168 3,709,294 Mueller Water Products, Inc. Class A............... 410,646 4,200,909 # Multi-Color Corp................................... 25,107 1,461,730 * MYR Group, Inc..................................... 50,943 1,275,103 # National Presto Industries, Inc.................... 10,320 650,160 * Navigant Consulting, Inc........................... 103,546 1,494,169 * NCI Building Systems, Inc.......................... 4,965 76,610 Nielsen NV......................................... 257,492 11,216,352 # NL Industries, Inc................................. 66,217 464,181 NN, Inc............................................ 30,911 712,499 # Nordson Corp....................................... 77,425 5,641,185 Norfolk Southern Corp.............................. 209,497 21,362,409 #* Nortek, Inc........................................ 1,957 149,378 Northrop Grumman Corp.............................. 96,151 15,090,899 #* Northwest Pipe Co.................................. 15,204 363,832 #* NOW, Inc........................................... 89,850 2,241,757 * Old Dominion Freight Line, Inc..................... 112,841 7,912,411 # Omega Flex, Inc.................................... 8,600 269,782 * On Assignment, Inc................................. 91,840 3,226,339 * Orbital Sciences Corp.............................. 99,159 2,785,376 #* Orion Energy Systems, Inc.......................... 30,093 136,321 #* Orion Marine Group, Inc............................ 30,944 282,519 Oshkosh Corp....................................... 152,082 6,516,714 Owens Corning...................................... 222,778 8,922,259 PACCAR, Inc........................................ 189,796 11,408,638 Pall Corp.......................................... 29,386 2,843,389 156 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* PAM Transportation Services, Inc................... 9,059 $ 524,516 Park-Ohio Holdings Corp............................ 25,820 1,379,563 Parker Hannifin Corp............................... 116,271 13,540,921 * Patrick Industries, Inc............................ 32,888 1,414,184 * Pendrell Corp...................................... 67,532 87,792 Pentair P.L.C...................................... 192,918 11,924,262 #* Performant Financial Corp.......................... 119,747 593,945 * PGT, Inc........................................... 67,766 582,110 # Pitney Bowes, Inc.................................. 212,904 5,105,438 #* Plug Power, Inc.................................... 2,629 7,019 #* Ply Gem Holdings, Inc.............................. 6,912 87,091 #* PMFG, Inc.......................................... 16,342 78,605 #* Polypore International, Inc........................ 80,345 3,593,028 # Powell Industries, Inc............................. 19,910 776,689 #* PowerSecure International, Inc..................... 49,270 463,138 Precision Castparts Corp........................... 64,949 12,996,295 # Preformed Line Products Co......................... 8,209 392,472 Primoris Services Corp............................. 127,771 2,399,539 * Proto Labs, Inc.................................... 8,121 522,911 # Providence and Worcester Railroad Co............... 3,494 64,464 Quad/Graphics, Inc................................. 6,011 120,460 * Quality Distribution, Inc.......................... 43,375 361,748 # Quanex Building Products Corp...................... 77,279 1,455,164 * Quanta Services, Inc............................... 212,665 5,631,369 # Raven Industries, Inc.............................. 71,765 1,538,642 Raytheon Co........................................ 159,417 15,949,671 RBC Bearings, Inc.................................. 42,747 2,481,036 RCM Technologies, Inc.............................. 13,580 80,394 Regal-Beloit Corp.................................. 85,084 5,858,033 * Republic Airways Holdings, Inc..................... 78,614 1,081,729 Republic Services, Inc............................. 316,855 12,572,806 Resources Connection, Inc.......................... 86,194 1,439,440 #* Rexnord Corp....................................... 145,571 3,602,882 #* Roadrunner Transportation Systems, Inc............. 67,077 1,363,005 Robert Half International, Inc..................... 69,588 4,040,279 Rockwell Automation, Inc........................... 64,578 7,033,836 Rockwell Collins, Inc.............................. 60,785 5,204,412 Rollins, Inc....................................... 67,649 2,235,799 Roper Industries, Inc.............................. 72,803 11,236,415 * RPX Corp........................................... 114,330 1,411,975 # RR Donnelley & Sons Co............................. 445,055 7,330,056 #* Rush Enterprises, Inc. Class A..................... 57,526 1,610,728 * Rush Enterprises, Inc. Class B..................... 8,637 234,495 Ryder System, Inc.................................. 157,040 13,001,342 * Saia, Inc.......................................... 85,927 3,618,386 #* Sensata Technologies Holding NV.................... 58,198 2,870,325 * Servotronics, Inc.................................. 1,473 9,427 # SIFCO Industries, Inc.............................. 7,118 206,351 Simpson Manufacturing Co., Inc..................... 81,637 2,664,632 SkyWest, Inc....................................... 91,028 1,142,401 * SL Industries, Inc................................. 11,694 499,918 # SmartPros, Ltd..................................... 1,344 2,003 Snap-on, Inc....................................... 79,949 10,610,032 157 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* SolarCity Corp..................................... 31,787 $ 1,545,166 Southwest Airlines Co.............................. 773,474 34,945,555 * SP Plus Corp....................................... 21,221 473,653 * Sparton Corp....................................... 11,200 262,976 * Spirit Aerosystems Holdings, Inc. Class A.......... 221,862 9,992,664 * Spirit Airlines, Inc............................... 108,389 8,035,960 SPX Corp........................................... 80,563 6,732,650 #* Standard Register Co. (The)........................ 6,813 10,696 Standex International Corp......................... 23,096 1,618,799 Stanley Black & Decker, Inc........................ 153,667 14,390,915 Steelcase, Inc. Class A............................ 240,608 4,061,463 * Stericycle, Inc.................................... 25,062 3,290,390 #* Sterling Construction Co., Inc..................... 23,323 80,931 # Sun Hydraulics Corp................................ 37,311 1,352,151 Supreme Industries, Inc. Class A................... 14,584 112,443 #* Swift Transportation Co............................ 198,984 4,891,027 # TAL International Group, Inc....................... 81,756 3,323,381 #* Taser International, Inc........................... 82,399 2,225,597 * Team, Inc.......................................... 38,429 1,465,682 * Tecumseh Products Co............................... 20,303 71,873 * Teledyne Technologies, Inc......................... 69,262 6,582,660 Tennant Co......................................... 33,893 2,210,163 # Terex Corp......................................... 193,513 4,350,172 Tetra Tech, Inc.................................... 125,374 2,887,363 # Textainer Group Holdings, Ltd...................... 82,635 2,711,254 Textron, Inc....................................... 199,644 8,496,849 * Thermon Group Holdings, Inc........................ 31,009 634,134 Timken Co. (The)................................... 187,755 7,136,568 # Titan International, Inc........................... 85,461 764,021 #* Titan Machinery, Inc............................... 34,120 482,116 Toro Co. (The)..................................... 58,034 3,766,987 Towers Watson & Co. Class A........................ 44,857 5,315,554 TransDigm Group, Inc............................... 18,993 3,903,631 #* TRC Cos., Inc...................................... 29,408 203,209 #* Trex Co., Inc...................................... 53,978 2,295,684 * Trimas Corp........................................ 63,511 1,714,162 # Trinity Industries, Inc............................ 324,811 8,597,747 # Triumph Group, Inc................................. 108,235 6,175,889 * TrueBlue, Inc...................................... 80,868 1,783,948 * Tutor Perini Corp.................................. 97,866 2,124,671 # Twin Disc, Inc..................................... 22,040 354,844 Tyco International P.L.C........................... 136,871 5,585,706 * Ultralife Corp..................................... 19,679 65,925 UniFirst Corp...................................... 24,143 2,803,727 Union Pacific Corp................................. 582,662 68,293,813 * United Continental Holdings, Inc................... 527,210 36,572,558 United Parcel Service, Inc. Class B................ 120,524 11,912,592 * United Rentals, Inc................................ 142,790 11,830,151 # United Stationers, Inc............................. 65,969 2,659,210 United Technologies Corp........................... 255,148 29,285,887 Universal Forest Products, Inc..................... 32,564 1,630,154 # Universal Truckload Services, Inc.................. 27,780 654,497 # US Ecology, Inc.................................... 48,676 2,018,107 158 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Industrials -- (Continued) * USA Truck, Inc..................................... 14,566 $ 404,935 #* USG Corp........................................... 140,337 4,273,262 #* UTi Worldwide, Inc................................. 185,968 2,207,440 # Valmont Industries, Inc............................ 37,276 4,477,593 * Vectrus, Inc....................................... 17,994 500,953 * Verisk Analytics, Inc. Class A..................... 72,023 4,634,680 #* Veritiv Corp....................................... 7,560 384,577 * Versar, Inc........................................ 15,761 48,071 Viad Corp.......................................... 40,596 1,095,280 #* Vicor Corp......................................... 34,427 370,779 * Virco Manufacturing Corp........................... 11,119 26,686 #* Volt Information Sciences, Inc..................... 23,850 299,079 VSE Corp........................................... 7,290 527,577 #* Wabash National Corp............................... 189,241 2,359,835 * WABCO Holdings, Inc................................ 73,288 6,974,819 Wabtec Corp........................................ 82,826 6,911,830 Waste Connections, Inc............................. 250,405 10,822,504 Waste Management, Inc.............................. 233,210 11,993,990 # Watsco, Inc........................................ 41,924 4,563,847 Watsco, Inc. Class B............................... 5,058 566,875 Watts Water Technologies, Inc. Class A............. 46,572 2,730,516 # Werner Enterprises, Inc............................ 138,571 3,953,431 #* Wesco Aircraft Holdings, Inc....................... 35,835 467,288 #* WESCO International, Inc........................... 101,293 6,762,321 # West Corp.......................................... 27,240 890,748 * Willdan Group, Inc................................. 14,760 206,492 * Willis Lease Finance Corp.......................... 8,926 184,411 # Woodward, Inc...................................... 109,331 4,877,256 # WW Grainger, Inc................................... 26,133 6,163,207 #* XPO Logistics, Inc................................. 50,625 1,862,494 Xylem, Inc......................................... 131,326 4,478,217 -------------- Total Industrials...................................... 1,900,265,811 -------------- Information Technology -- (14.7%) #* 3D Systems Corp.................................... 49,622 1,443,008 Accenture P.L.C. Class A........................... 131,378 11,039,693 * ACI Worldwide, Inc................................. 303,525 5,606,107 #* Acorn Energy, Inc.................................. 4,222 2,195 Activision Blizzard, Inc........................... 563,469 11,773,685 * Actua Corp......................................... 64,820 1,043,602 #* Acxiom Corp........................................ 128,305 2,335,151 * ADDvantage Technologies Group, Inc................. 7,817 18,135 * Adobe Systems, Inc................................. 51,657 3,622,705 # ADTRAN, Inc........................................ 96,668 2,137,329 * Advanced Energy Industries, Inc.................... 70,488 1,691,712 #* Advanced Micro Devices, Inc........................ 156,342 401,799 # Advent Software, Inc............................... 96,579 4,041,831 * Aehr Test Systems.................................. 4,618 12,284 #* Agilysys, Inc...................................... 53,656 556,949 * Akamai Technologies, Inc........................... 118,808 6,909,279 * Alliance Data Systems Corp......................... 42,290 12,214,621 #* Alpha & Omega Semiconductor, Ltd................... 15,188 133,199 # Altera Corp........................................ 179,312 5,903,848 159 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) Amdocs, Ltd........................................ 131,808 $ 6,350,509 American Software, Inc. Class A.................... 41,689 345,602 * Amkor Technology, Inc.............................. 302,736 1,922,374 Amphenol Corp. Class A............................. 110,110 5,914,008 #* Amtech Systems, Inc................................ 11,796 96,373 #* ANADIGICS, Inc..................................... 100,745 108,805 Analog Devices, Inc................................ 220,400 11,483,942 * Anixter International, Inc......................... 55,559 4,186,926 * ANSYS, Inc......................................... 62,668 5,055,428 * AOL, Inc........................................... 146,893 6,353,122 Apple, Inc......................................... 2,232,888 261,605,158 Applied Materials, Inc............................. 434,626 9,926,858 * ARRIS Group, Inc................................... 310,301 8,136,092 * Arrow Electronics, Inc............................. 187,998 10,347,410 * Aspen Technology, Inc.............................. 68,481 2,420,461 Astro-Med, Inc..................................... 9,339 136,676 #* Atmel Corp......................................... 567,185 4,724,651 * Autobytel, Inc..................................... 3,757 36,631 * Autodesk, Inc...................................... 41,500 2,241,207 Automatic Data Processing, Inc..................... 85,937 7,092,381 Avago Technologies, Ltd............................ 32,523 3,345,966 * AVG Technologies NV................................ 110,161 2,178,985 * Aviat Networks, Inc................................ 88,527 113,315 * Avid Technology, Inc............................... 62,217 806,332 Avnet, Inc......................................... 242,114 10,076,785 AVX Corp........................................... 230,625 2,981,981 # Aware, Inc......................................... 27,858 135,947 #* Axcelis Technologies, Inc.......................... 109,032 261,677 * AXT, Inc........................................... 103,221 286,954 # Badger Meter, Inc.................................. 28,833 1,725,943 #* Bankrate, Inc...................................... 138,608 1,729,828 Bel Fuse, Inc. Class A............................. 4,354 90,128 Bel Fuse, Inc. Class B............................. 14,298 336,289 Belden, Inc........................................ 68,763 5,703,203 * Benchmark Electronics, Inc......................... 86,360 2,092,503 Black Box Corp..................................... 35,024 735,854 # Blackbaud, Inc..................................... 74,830 3,270,819 #* Blackhawk Network Holdings, Inc. Class B........... 57,716 1,910,977 * Blonder Tongue Laboratories........................ 433 723 #* Blucora, Inc....................................... 68,317 923,646 Booz Allen Hamilton Holding Corp................... 123,432 3,593,106 #* Bottomline Technologies de, Inc.................... 63,828 1,581,020 Broadcom Corp. Class A............................. 102,883 4,365,840 Broadridge Financial Solutions, Inc................ 175,447 8,419,702 * BroadVision, Inc................................... 6,453 38,912 Brocade Communications Systems, Inc................ 826,829 9,194,338 Brooks Automation, Inc............................. 176,718 2,281,429 * Bsquare Corp....................................... 12,187 53,988 * BTU International, Inc............................. 10,388 27,320 CA, Inc............................................ 361,744 10,960,843 * Cabot Microelectronics Corp........................ 43,143 2,131,696 * CACI International, Inc. Class A................... 60,412 5,110,251 #* Cadence Design Systems, Inc........................ 303,153 5,453,722 160 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* CalAmp Corp........................................ 59,393 $ 1,063,729 * Calix, Inc......................................... 103,394 992,582 #* Cardtronics, Inc................................... 108,279 3,639,257 * Cartesian, Inc..................................... 3,573 14,828 * Cascade Microtech, Inc............................. 20,171 271,502 # Cass Information Systems, Inc...................... 20,238 886,829 #* Cavium, Inc........................................ 15,200 893,912 CDK Global, Inc.................................... 28,645 1,293,608 CDW Corp........................................... 55,166 1,889,987 #* Ceva, Inc.......................................... 40,489 741,354 * Checkpoint Systems, Inc............................ 77,332 1,002,223 #* ChyronHego Corp.................................... 5,035 14,073 #* Ciber, Inc......................................... 156,030 503,977 #* Ciena Corp......................................... 176,466 3,268,150 * Cimpress NV........................................ 36,517 2,941,444 #* Cirrus Logic, Inc.................................. 111,773 2,961,984 Cisco Systems, Inc................................. 3,101,253 81,764,535 * Citrix Systems, Inc................................ 62,810 3,722,121 #* Clearfield, Inc.................................... 20,285 238,957 * Cognex Corp........................................ 117,335 4,312,061 * Cognizant Technology Solutions Corp. Class A....... 71,151 3,851,404 * Coherent, Inc...................................... 39,927 2,470,683 Cohu, Inc.......................................... 42,443 480,879 Communications Systems, Inc........................ 17,110 175,378 #* CommVault Systems, Inc............................. 44,844 1,954,302 Computer Sciences Corp............................. 211,468 12,831,878 Computer Task Group, Inc........................... 30,804 249,204 #* comScore, Inc...................................... 18,134 753,649 Comtech Telecommunications Corp.................... 37,012 1,222,876 * Comverse, Inc...................................... 1,587 27,344 Concurrent Computer Corp........................... 14,271 89,907 #* Constant Contact, Inc.............................. 31,960 1,208,727 # Convergys Corp..................................... 178,498 3,420,022 #* CoreLogic, Inc..................................... 164,536 5,462,595 Corning, Inc....................................... 540,527 12,848,327 #* CoStar Group, Inc.................................. 32,499 5,996,390 * Covisint Corp...................................... 46,719 103,716 #* Cray, Inc.......................................... 67,321 2,187,259 #* Cree, Inc.......................................... 126,414 4,469,999 #* Crexendo, Inc...................................... 10,564 15,107 # CSG Systems International, Inc..................... 75,251 1,845,155 CSP, Inc........................................... 2,797 19,803 CTS Corp........................................... 53,696 859,136 * CyberOptics Corp................................... 10,031 109,438 Daktronics, Inc.................................... 77,032 953,656 #* Datalink Corp...................................... 40,226 456,967 #* Dealertrack Technologies, Inc...................... 77,063 3,097,933 #* Demand Media, Inc.................................. 12,225 49,511 * Dice Holdings, Inc................................. 169,506 1,401,815 # Diebold, Inc....................................... 95,830 2,989,896 * Digi International, Inc............................ 40,813 389,764 # Digimarc Corp...................................... 9,758 263,661 #* Digital River, Inc................................. 63,502 1,621,206 161 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Diodes, Inc........................................ 83,648 $ 2,210,817 Dolby Laboratories, Inc. Class A................... 81,187 3,150,056 * Dot Hill Systems Corp.............................. 71,103 296,500 #* DSP Group, Inc..................................... 33,785 371,297 DST Systems, Inc................................... 92,009 8,897,270 * DTS, Inc........................................... 35,830 993,208 EarthLink Holdings Corp............................ 270,699 1,142,350 * eBay, Inc.......................................... 262,050 13,888,650 # Ebix, Inc.......................................... 58,742 1,342,255 #* Echelon Corp....................................... 19,608 27,451 * EchoStar Corp. Class A............................. 78,523 4,096,545 * Edgewater Technology, Inc.......................... 10,488 73,940 Electro Rent Corp.................................. 40,161 517,675 Electro Scientific Industries, Inc................. 41,652 261,158 * Electronic Arts, Inc............................... 101,239 5,553,972 * Electronics for Imaging, Inc....................... 80,322 3,104,445 #* Ellie Mae, Inc..................................... 21,253 940,233 #* eMagin Corp........................................ 12,094 35,677 EMC Corp........................................... 1,136,231 29,462,470 #* Emcore Corp........................................ 33,414 172,750 #* Emulex Corp........................................ 169,439 1,060,688 #* EnerNOC, Inc....................................... 64,725 1,114,564 * Entegris, Inc...................................... 231,042 3,003,546 #* Entropic Communications, Inc....................... 138,368 358,373 * Envestnet, Inc..................................... 21,558 1,109,590 * EPAM Systems, Inc.................................. 83,902 4,105,325 EPIQ Systems, Inc.................................. 62,369 1,088,339 * ePlus, Inc......................................... 12,730 858,511 # Equinix, Inc....................................... 32,895 7,133,610 #* Euronet Worldwide, Inc............................. 91,946 4,173,429 #* Exar Corp.......................................... 83,569 753,792 * ExlService Holdings, Inc........................... 54,236 1,593,454 #* Extreme Networks, Inc.............................. 155,567 457,367 * F5 Networks, Inc................................... 24,818 2,770,185 #* Fabrinet........................................... 29,823 487,010 * Facebook, Inc. Class A............................. 276,791 21,011,205 # FactSet Research Systems, Inc...................... 37,453 5,377,876 Fair Isaac Corp.................................... 81,569 5,819,948 * Fairchild Semiconductor International, Inc......... 329,204 5,053,281 #* FalconStor Software, Inc........................... 50,770 70,063 #* FARO Technologies, Inc............................. 29,692 1,643,452 FEI Co............................................. 58,826 4,836,674 Fidelity National Information Services, Inc........ 297,338 18,562,811 #* Finisar Corp....................................... 164,974 2,992,628 #* First Solar, Inc................................... 125,703 5,319,751 * Fiserv, Inc........................................ 213,856 15,510,976 * FleetCor Technologies, Inc......................... 29,149 4,095,434 FLIR Systems, Inc.................................. 222,364 6,715,393 * FormFactor, Inc.................................... 119,264 900,443 Forrester Research, Inc............................ 34,676 1,308,672 * Fortinet, Inc...................................... 49,014 1,465,274 #* Freescale Semiconductor, Ltd....................... 102,749 3,297,215 * Frequency Electronics, Inc......................... 10,710 122,148 162 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Gartner, Inc....................................... 38,338 $ 3,228,826 * Genpact, Ltd....................................... 290,304 5,826,401 * GigOptix, Inc...................................... 3,988 4,586 * Global Cash Access Holdings, Inc................... 158,403 1,047,044 Global Payments, Inc............................... 118,278 10,326,852 Globalscape, Inc................................... 11,741 27,239 * Google, Inc. Class A............................... 38,191 20,529,572 * Google, Inc. Class C............................... 35,394 18,918,801 * GSE Systems, Inc................................... 19,854 32,958 * GSI Group, Inc..................................... 50,058 661,767 #* GSI Technology, Inc................................ 23,969 121,283 * GTT Communications, Inc............................ 30,900 355,659 #* Guidance Software, Inc............................. 17,697 116,092 #* Guidewire Software, Inc............................ 32,821 1,644,332 Hackett Group, Inc. (The).......................... 60,552 458,984 * Harmonic, Inc...................................... 252,108 1,928,626 Harris Corp........................................ 77,003 5,169,211 # Heartland Payment Systems, Inc..................... 75,675 3,766,345 Hewlett-Packard Co................................. 1,806,885 65,282,755 #* HomeAway, Inc...................................... 52,504 1,338,327 #* Hutchinson Technology, Inc......................... 36,975 129,043 IAC/InterActiveCorp................................ 165,687 10,098,623 * ID Systems, Inc.................................... 15,829 104,313 * Identiv, Inc....................................... 2,529 31,891 * IEC Electronics Corp............................... 9,658 43,268 * iGATE Corp......................................... 104,258 3,690,733 #* II-VI, Inc......................................... 99,739 1,714,513 #* Imation Corp....................................... 54,588 205,251 #* Immersion Corp..................................... 28,268 266,002 #* Infinera Corp...................................... 199,026 3,208,299 * Informatica Corp................................... 111,038 4,628,619 * Ingram Micro, Inc. Class A......................... 289,020 7,277,524 * Innodata, Inc...................................... 31,335 89,618 * Inphi Corp......................................... 35,425 694,330 * Insight Enterprises, Inc........................... 91,906 2,175,415 #* Integrated Device Technology, Inc.................. 244,054 4,463,748 Integrated Silicon Solution, Inc................... 60,839 978,291 Intel Corp......................................... 3,577,014 118,184,543 #* Intellicheck Mobilisa, Inc......................... 962 1,414 #* Interactive Intelligence Group, Inc................ 20,026 812,255 # InterDigital, Inc.................................. 83,132 4,154,937 #* Internap Corp...................................... 94,668 797,105 International Business Machines Corp............... 186,013 28,517,653 * Interphase Corp.................................... 5,636 11,610 Intersil Corp. Class A............................. 214,564 3,070,411 * inTEST Corp........................................ 3,806 16,137 #* Intevac, Inc....................................... 31,727 206,226 * IntraLinks Holdings, Inc........................... 11,148 118,838 * IntriCon Corp...................................... 8,894 65,816 Intuit, Inc........................................ 54,398 4,722,834 #* Inuvo, Inc......................................... 3,679 4,709 #* IPG Photonics Corp................................. 86,129 6,428,669 * Iteris, Inc........................................ 12,775 22,995 163 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Itron, Inc......................................... 61,554 $ 2,290,424 #* Ixia............................................... 125,597 1,273,554 IXYS Corp.......................................... 56,743 641,196 # j2 Global, Inc..................................... 98,327 5,647,903 Jabil Circuit, Inc................................. 425,952 8,778,871 Jack Henry & Associates, Inc....................... 116,375 7,141,934 * JDS Uniphase Corp.................................. 380,031 4,617,377 Juniper Networks, Inc.............................. 361,660 8,220,532 #* Kemet Corp......................................... 66,332 252,062 * Key Tronic Corp.................................... 14,320 132,030 * Keysight Technologies, Inc......................... 55,747 1,861,392 * Kimball Electronics, Inc........................... 38,844 395,432 KLA-Tencor Corp.................................... 120,499 7,407,074 #* Knowles Corp....................................... 65,185 1,382,574 * Kofax, Ltd......................................... 8,774 60,453 #* Kopin Corp......................................... 98,511 359,565 * Kulicke & Soffa Industries, Inc.................... 163,199 2,475,729 #* KVH Industries, Inc................................ 26,340 318,714 Lam Research Corp.................................. 151,919 11,612,688 * Lattice Semiconductor Corp......................... 191,922 1,368,404 # Leidos Holdings, Inc............................... 144,206 5,970,128 # Lexmark International, Inc. Class A................ 162,934 6,502,696 * LGL Group, Inc. (The).............................. 2,633 10,005 * Limelight Networks, Inc............................ 150,081 399,215 Linear Technology Corp............................. 107,537 4,832,713 * LinkedIn Corp. Class A............................. 5,004 1,124,599 #* Lionbridge Technologies, Inc....................... 127,254 633,725 #* Liquidity Services, Inc............................ 4,258 32,957 Littelfuse, Inc.................................... 39,389 3,889,270 #* LoJack Corp........................................ 43,904 93,076 #* M/A-COM Technology Solutions Holdings, Inc......... 7,903 256,927 * Magnachip Semiconductor Corp....................... 61,702 887,275 * Manhattan Associates, Inc.......................... 151,364 6,756,889 ManTech International Corp. Class A................ 50,014 1,626,955 # Marchex, Inc. Class B.............................. 38,409 146,338 Marvell Technology Group, Ltd...................... 501,434 7,767,213 MasterCard, Inc. Class A........................... 193,075 15,837,942 #* Mattersight Corp................................... 5,001 27,756 #* Mattson Technology, Inc............................ 52,364 172,278 Maxim Integrated Products, Inc..................... 200,801 6,644,505 MAXIMUS, Inc....................................... 160,389 8,936,875 * MaxLinear, Inc. Class A............................ 11,432 92,028 #* Maxwell Technologies, Inc.......................... 55,751 443,778 Mentor Graphics Corp............................... 202,932 4,669,465 * Mercury Systems, Inc............................... 46,684 736,674 # Mesa Laboratories, Inc............................. 6,175 470,350 Methode Electronics, Inc........................... 73,955 2,674,952 Micrel, Inc........................................ 97,988 1,378,691 # Microchip Technology, Inc.......................... 143,589 6,475,864 * Micron Technology, Inc............................. 949,283 27,780,767 * Microsemi Corp..................................... 160,256 4,464,732 Microsoft Corp..................................... 1,861,615 75,209,246 MKS Instruments, Inc............................... 102,544 3,590,065 164 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) MOCON, Inc......................................... 8,521 $ 147,839 #* ModusLink Global Solutions, Inc.................... 57,190 206,456 #* MoneyGram International, Inc....................... 20,083 171,107 Monolithic Power Systems, Inc...................... 59,761 2,838,050 Monotype Imaging Holdings, Inc..................... 60,360 1,770,962 #* Monster Worldwide, Inc............................. 198,800 821,044 #* MoSys, Inc......................................... 65,993 132,646 Motorola Solutions, Inc............................ 103,690 6,471,293 MTS Systems Corp................................... 29,094 2,102,914 * Multi-Fineline Electronix, Inc..................... 34,615 450,341 #* Nanometrics, Inc................................... 43,923 682,563 * NAPCO Security Technologies, Inc................... 17,222 85,593 National Instruments Corp.......................... 78,929 2,374,184 * NCI, Inc. Class A.................................. 10,441 128,633 * NCR Corp........................................... 311,616 7,915,046 NetApp, Inc........................................ 296,663 11,213,861 * NETGEAR, Inc....................................... 72,775 2,457,612 #* Netscout Systems, Inc.............................. 69,780 2,505,102 #* NetSuite, Inc...................................... 15,289 1,504,896 #* NeuStar, Inc. Class A.............................. 56,098 1,474,816 * Newport Corp....................................... 77,189 1,429,540 NIC, Inc........................................... 55,151 905,579 #* Novatel Wireless, Inc.............................. 48,740 257,347 #* Nuance Communications, Inc......................... 482,254 6,628,581 #* Numerex Corp. Class A.............................. 18,298 191,763 NVIDIA Corp........................................ 406,868 7,813,900 #* Oclaro, Inc........................................ 106,869 152,823 * OmniVision Technologies, Inc....................... 90,827 2,455,962 * ON Semiconductor Corp.............................. 720,205 7,209,252 #* Onvia, Inc......................................... 1,484 6,871 Optical Cable Corp................................. 8,150 42,462 Oracle Corp........................................ 1,158,959 48,548,793 * OSI Systems, Inc................................... 35,144 2,459,377 #* Palo Alto Networks, Inc............................ 6,466 817,238 #* Pandora Media, Inc................................. 7,765 128,899 * PAR Technology Corp................................ 17,200 98,728 Park Electrochemical Corp.......................... 30,476 661,634 #* Parkervision, Inc.................................. 3,828 3,905 Paychex, Inc....................................... 172,884 7,824,730 PC Connection, Inc................................. 37,385 887,894 PC-Tel, Inc........................................ 30,780 258,244 * PCM, Inc........................................... 14,131 134,245 * PDF Solutions, Inc................................. 45,743 760,249 Pegasystems, Inc................................... 37,747 738,709 Perceptron, Inc.................................... 10,412 111,513 * Perficient, Inc.................................... 59,591 1,072,638 * Pericom Semiconductor Corp......................... 34,672 506,558 * Photronics, Inc.................................... 99,710 837,564 #* Planar Systems, Inc................................ 21,613 158,207 Plantronics, Inc................................... 79,726 3,653,843 * Plexus Corp........................................ 61,585 2,333,456 * PMC-Sierra, Inc.................................... 348,768 3,083,109 * Polycom, Inc....................................... 280,602 3,732,007 165 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Power Integrations, Inc............................ 45,529 $ 2,348,386 #* PRGX Global, Inc................................... 39,286 203,894 #* Procera Networks, Inc.............................. 20,256 177,848 * Progress Software Corp............................. 95,302 2,387,315 * PTC, Inc........................................... 162,390 5,425,450 QAD, Inc. Class A.................................. 13,973 270,238 QAD, Inc. Class B.................................. 5,440 94,166 * QLogic Corp........................................ 167,066 2,232,002 * Qorvo, Inc......................................... 230,956 17,060,720 QUALCOMM, Inc...................................... 407,943 25,480,120 * Qualstar Corp...................................... 8,094 11,493 #* Quantum Corp....................................... 185,179 292,583 #* QuinStreet, Inc.................................... 15,854 81,172 * Qumu Corp.......................................... 13,779 195,662 #* Rackspace Hosting, Inc............................. 152,140 6,840,214 * Radisys Corp....................................... 40,860 94,795 #* Rambus, Inc........................................ 194,593 2,189,171 * RealD, Inc......................................... 38,278 415,316 * RealNetworks, Inc.................................. 173,849 1,222,158 #* RealPage, Inc...................................... 17,625 317,426 * Red Hat, Inc....................................... 54,458 3,473,876 Reis, Inc.......................................... 16,269 366,052 #* Relm Wireless Corp................................. 4,040 21,533 #* Remark Media, Inc.................................. 1,990 8,856 # RF Industries, Ltd................................. 10,694 48,016 Richardson Electronics, Ltd........................ 20,031 187,690 #* Rightside Group, Ltd............................... 9,831 77,665 #* Riverbed Technology, Inc........................... 145,957 3,003,795 * Rofin-Sinar Technologies, Inc...................... 45,666 1,229,329 #* Rogers Corp........................................ 28,881 2,133,151 #* Rosetta Stone, Inc................................. 37,189 335,445 #* Rovi Corp.......................................... 184,928 4,273,686 #* Rubicon Technology, Inc............................ 33,298 138,520 #* Rudolph Technologies, Inc.......................... 54,448 546,113 #* Saba Software, Inc................................. 27,173 261,948 * Salesforce.com, Inc................................ 50,500 2,850,725 SanDisk Corp....................................... 127,361 9,667,974 * Sanmina Corp....................................... 153,576 3,252,740 * Sapient Corp....................................... 275,771 6,855,667 * ScanSource, Inc.................................... 48,913 1,686,520 Science Applications International Corp............ 96,785 4,721,172 #* Seachange International, Inc....................... 54,135 382,193 # Seagate Technology P.L.C........................... 143,096 8,076,338 * Selectica, Inc..................................... 538 2,486 * Semtech Corp....................................... 108,911 2,772,874 * ServiceNow, Inc.................................... 8,739 637,073 * Sevcon, Inc........................................ 1,585 11,777 * ShoreTel, Inc...................................... 99,589 705,090 #* Shutterstock, Inc.................................. 17,127 964,079 * Sigma Designs, Inc................................. 60,500 384,780 #* Silicon Graphics International Corp................ 36,240 341,743 * Silicon Image, Inc................................. 159,528 1,158,173 * Silicon Laboratories, Inc.......................... 72,009 3,151,114 166 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Skyworks Solutions, Inc............................ 272,631 $22,642,005 * SMTC Corp.......................................... 1,900 3,154 * SolarWinds, Inc.................................... 46,717 2,249,424 Solera Holdings, Inc............................... 42,897 2,213,485 #* Sonic Foundry, Inc................................. 619 5,224 * Sonus Networks, Inc................................ 98,173 1,873,145 * Spansion, Inc. Class A............................. 95,073 3,371,289 #* Speed Commerce, Inc................................ 45,303 107,821 * Splunk, Inc........................................ 3,057 157,894 SS&C Technologies Holdings, Inc.................... 125,585 6,948,618 * Stamps.com, Inc.................................... 33,028 1,505,086 * StarTek, Inc....................................... 16,081 151,644 #* Stratasys, Ltd..................................... 76,715 6,098,075 #* SunEdison, Inc..................................... 331,125 6,201,971 #* SunPower Corp...................................... 188,978 4,558,149 * Super Micro Computer, Inc.......................... 70,417 2,575,150 * support.com, Inc................................... 85,790 168,148 * Sykes Enterprises, Inc............................. 87,923 1,980,026 Symantec Corp...................................... 690,045 17,092,415 #* Synaptics, Inc..................................... 72,469 5,566,344 #* Synchronoss Technologies, Inc...................... 67,509 2,867,107 # SYNNEX Corp........................................ 75,988 5,637,550 * Synopsys, Inc...................................... 114,012 4,901,376 * Syntel, Inc........................................ 65,784 2,845,158 * Tableau Software, Inc. Class A..................... 13,101 1,058,037 #* Take-Two Interactive Software, Inc................. 357,940 10,637,977 TE Connectivity, Ltd............................... 199,000 13,211,610 * Tech Data Corp..................................... 103,668 5,919,443 * TechTarget, Inc.................................... 1,901 21,006 * TeleCommunication Systems, Inc. Class A............ 80,413 227,569 #* Telenav, Inc....................................... 61,868 400,905 * TeleTech Holdings, Inc............................. 93,633 2,065,544 #* Teradata Corp...................................... 195,025 8,690,314 Teradyne, Inc...................................... 359,286 6,503,077 # Tessco Technologies, Inc........................... 14,125 319,931 Tessera Technologies, Inc.......................... 93,945 3,483,481 Texas Instruments, Inc............................. 250,800 13,405,260 TheStreet, Inc..................................... 30,782 64,027 #* TiVo, Inc.......................................... 99,614 1,041,962 Total System Services, Inc......................... 304,233 10,760,721 # Transact Technologies, Inc......................... 12,325 73,334 * Trimble Navigation, Ltd............................ 57,961 1,381,790 * Trio Tech International............................ 3,963 11,730 * TSR, Inc........................................... 751 3,192 #* TTM Technologies, Inc.............................. 134,297 933,364 #* Twitter, Inc....................................... 11,007 413,093 #* Tyler Technologies, Inc............................ 36,620 3,884,650 # Ubiquiti Networks, Inc............................. 20,784 546,515 #* Ultimate Software Group, Inc. (The)................ 16,546 2,448,973 * Ultra Clean Holdings, Inc.......................... 33,882 298,162 #* Ultratech, Inc..................................... 50,878 810,995 * Unisys Corp........................................ 74,972 1,644,136 * United Online, Inc................................. 23,342 308,114 167 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Information Technology -- (Continued) * Universal Security Instruments, Inc............... 1,873 $ 11,575 #* Unwired Planet, Inc............................... 83,139 82,058 #* USA Technologies, Inc............................. 16,331 32,172 * Vantiv, Inc. Class A.............................. 185,507 6,379,586 #* VASCO Data Security International, Inc............ 8,776 188,684 #* Veeco Instruments, Inc............................ 76,326 2,226,429 #* VeriFone Systems, Inc............................. 167,968 5,272,516 * Verint Systems, Inc............................... 94,582 5,048,787 #* VeriSign, Inc..................................... 39,976 2,177,892 #* ViaSat, Inc....................................... 74,278 4,175,909 * Viasystems Group, Inc............................. 26,304 421,127 # Vicon Industries, Inc............................. 3,400 5,270 #* Video Display Corp................................ 10,670 26,782 * Virtusa Corp...................................... 54,146 2,028,309 Visa, Inc. Class A................................ 136,797 34,870,923 # Vishay Intertechnology, Inc....................... 237,364 3,232,898 * Vishay Precision Group, Inc....................... 24,604 409,411 #* VMware, Inc. Class A.............................. 8,843 681,795 Wayside Technology Group, Inc..................... 5,310 94,146 #* Web.com Group, Inc................................ 74,635 1,127,735 #* WebMD Health Corp................................. 43,438 1,683,222 * Westell Technologies, Inc. Class A................ 72,666 90,833 Western Digital Corp.............................. 216,738 21,073,436 # Western Union Co. (The)........................... 222,574 3,783,758 #* WEX, Inc.......................................... 77,089 7,096,042 * Wireless Telecom Group, Inc....................... 9,995 31,484 #* Workday, Inc. Class A............................. 8,095 643,229 * Xcerra Corp....................................... 78,246 600,929 Xerox Corp........................................ 1,425,143 18,769,133 Xilinx, Inc....................................... 127,758 4,928,265 * XO Group, Inc..................................... 47,111 774,505 * Yahoo!, Inc....................................... 241,941 10,642,985 #* Yelp, Inc......................................... 18,961 994,884 * Zebra Technologies Corp. Class A.................. 86,754 7,240,489 #* Zillow, Inc. Class A.............................. 10,342 1,002,347 #* Zix Corp.......................................... 103,966 368,040 #* Zynga, Inc. Class A............................... 1,229,986 3,148,764 -------------- Total Information Technology.......................... 2,148,875,783 -------------- Materials -- (4.7%) A Schulman, Inc................................... 50,391 1,756,126 * AEP Industries, Inc............................... 11,844 593,503 Air Products & Chemicals, Inc..................... 54,235 7,897,158 Airgas, Inc....................................... 95,284 10,732,790 # Albemarle Corp.................................... 180,085 8,690,902 Alcoa, Inc........................................ 1,148,859 17,979,643 # Allegheny Technologies, Inc....................... 187,672 5,354,282 #* Allied Nevada Gold Corp........................... 17,205 17,721 #* AM Castle & Co.................................... 37,054 224,177 * American Biltrite, Inc............................ 36 15,480 # American Vanguard Corp............................ 49,377 552,035 Ampco-Pittsburgh Corp............................. 14,266 259,641 # Aptargroup, Inc................................... 112,944 7,127,896 168 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Ashland, Inc....................................... 87,556 $10,377,137 Avery Dennison Corp................................ 220,137 11,506,561 Axiall Corp........................................ 116,222 5,142,823 Balchem Corp....................................... 46,060 2,439,798 Ball Corp.......................................... 59,887 3,792,644 Bemis Co., Inc..................................... 214,613 9,507,356 * Berry Plastics Group, Inc.......................... 127,038 4,296,425 * Boise Cascade Co................................... 23,831 963,726 Cabot Corp......................................... 106,763 4,527,819 * Calgon Carbon Corp................................. 96,266 1,899,328 Carpenter Technology Corp.......................... 97,596 3,702,792 # Celanese Corp. Series A............................ 206,798 11,117,460 * Century Aluminum Co................................ 199,378 4,607,626 CF Industries Holdings, Inc........................ 78,746 24,047,453 # Chase Corp......................................... 11,789 422,046 * Chemtura Corp...................................... 175,014 3,813,555 * Clearwater Paper Corp.............................. 36,326 2,688,851 # Cliffs Natural Resources, Inc...................... 87,200 559,824 #* Codexis, Inc....................................... 13,246 50,600 #* Coeur Mining, Inc.................................. 145,280 915,264 Commercial Metals Co............................... 258,328 3,466,762 Compass Minerals International, Inc................ 68,523 5,988,910 #* Contango ORE, Inc.................................. 1,821 7,284 * Continental Materials Corp......................... 1,019 17,731 * Core Molding Technologies, Inc..................... 11,130 161,385 * Crown Holdings, Inc................................ 52,629 2,331,991 Cytec Industries, Inc.............................. 161,010 7,726,870 # Deltic Timber Corp................................. 17,151 1,071,938 Domtar Corp........................................ 118,340 4,532,422 Dow Chemical Co. (The)............................. 765,320 34,561,851 Eagle Materials, Inc............................... 69,674 4,962,182 Eastman Chemical Co................................ 217,423 15,413,116 Ecolab, Inc........................................ 79,563 8,256,253 EI du Pont de Nemours & Co......................... 322,034 22,932,041 * Ferro Corp......................................... 361,775 4,026,556 #* Flotek Industries, Inc............................. 98,253 1,588,751 FMC Corp........................................... 61,535 3,538,262 Freeport-McMoRan, Inc.............................. 904,697 15,207,957 Friedman Industries, Inc........................... 13,567 84,929 FutureFuel Corp.................................... 65,415 718,911 #* General Moly, Inc.................................. 142,545 85,527 Globe Specialty Metals, Inc........................ 130,087 2,005,942 * Graphic Packaging Holding Co....................... 856,556 12,402,931 Greif, Inc. Class A................................ 45,887 1,752,883 # Greif, Inc. Class B................................ 28,377 1,243,196 # Hawkins, Inc....................................... 16,367 630,293 Haynes International, Inc.......................... 21,864 851,166 # HB Fuller Co....................................... 87,575 3,603,711 * Headwaters, Inc.................................... 130,608 1,838,961 # Hecla Mining Co.................................... 472,175 1,553,456 #* Horsehead Holding Corp............................. 93,999 1,263,347 # Huntsman Corp...................................... 502,607 11,037,250 Innophos Holdings, Inc............................. 43,952 2,616,902 169 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Innospec, Inc...................................... 42,337 $ 1,671,041 # International Flavors & Fragrances, Inc............ 28,784 3,054,270 International Paper Co............................. 320,185 16,860,942 #* Intrepid Potash, Inc............................... 102,060 1,358,419 # Kaiser Aluminum Corp............................... 29,817 2,066,616 KapStone Paper and Packaging Corp.................. 304,122 9,084,124 KMG Chemicals, Inc................................. 17,877 373,987 Koppers Holdings, Inc.............................. 18,579 337,395 * Kraton Performance Polymers, Inc................... 54,521 1,054,436 # Kronos Worldwide, Inc.............................. 84,537 949,351 #* Louisiana-Pacific Corp............................. 281,211 4,603,424 #* LSB Industries, Inc................................ 43,637 1,363,220 LyondellBasell Industries NV Class A............... 200,783 15,879,927 # Martin Marietta Materials, Inc..................... 70,104 7,553,005 Materion Corp...................................... 44,413 1,463,408 #* McEwen Mining, Inc................................. 271,668 339,585 MeadWestvaco Corp.................................. 178,594 8,979,706 #* Mercer International, Inc.......................... 87,813 1,113,469 # Minerals Technologies, Inc......................... 62,370 4,074,632 #* Molycorp, Inc...................................... 13,274 4,380 Monsanto Co........................................ 169,464 19,993,363 Mosaic Co. (The)................................... 216,241 10,528,774 # Myers Industries, Inc.............................. 72,225 1,202,546 Neenah Paper, Inc.................................. 40,775 2,339,669 # NewMarket Corp..................................... 16,011 7,199,666 Newmont Mining Corp................................ 425,692 10,706,154 Noranda Aluminum Holding Corp...................... 66,415 201,237 * Northern Technologies International Corp........... 5,900 120,567 Nucor Corp......................................... 210,246 9,177,238 # Olin Corp.......................................... 176,516 4,425,256 # Olympic Steel, Inc................................. 18,610 255,143 OM Group, Inc...................................... 51,767 1,449,476 #* OMNOVA Solutions, Inc.............................. 74,995 514,466 * Owens-Illinois, Inc................................ 361,823 8,448,567 Packaging Corp. of America......................... 125,070 9,486,559 * Penford Corp....................................... 22,102 415,960 PH Glatfelter Co................................... 73,845 1,688,835 PolyOne Corp....................................... 186,173 6,625,897 PPG Industries, Inc................................ 23,299 5,192,881 Praxair, Inc....................................... 84,643 10,207,099 Quaker Chemical Corp............................... 26,592 2,098,641 Reliance Steel & Aluminum Co....................... 132,108 6,918,496 #* Rentech, Inc....................................... 296,041 355,249 * Resolute Forest Products, Inc...................... 10,632 180,744 Rock-Tenn Co. Class A.............................. 174,624 11,333,098 # Royal Gold, Inc.................................... 105,839 7,669,094 RPM International, Inc............................. 140,160 6,708,058 * RTI International Metals, Inc...................... 49,088 1,094,662 # Schnitzer Steel Industries, Inc. Class A........... 66,340 1,119,819 # Schweitzer-Mauduit International, Inc.............. 54,167 2,104,930 Scotts Miracle-Gro Co. (The) Class A............... 78,302 4,966,696 Sealed Air Corp.................................... 185,920 7,529,760 #* Senomyx, Inc....................................... 26,984 142,476 170 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) Sensient Technologies Corp......................... 88,901 $ 5,422,961 Sherwin-Williams Co. (The)......................... 19,100 5,181,257 Sigma-Aldrich Corp................................. 22,268 3,062,295 Silgan Holdings, Inc............................... 93,871 4,825,908 Sonoco Products Co................................. 160,630 7,099,846 # Southern Copper Corp............................... 36,549 997,057 Steel Dynamics, Inc................................ 543,691 9,264,495 Stepan Co.......................................... 36,797 1,413,005 #* Stillwater Mining Co............................... 199,600 2,728,532 SunCoke Energy, Inc................................ 139,839 2,111,569 Synalloy Corp...................................... 11,060 184,702 TimkenSteel Corp................................... 61,393 1,657,611 * Trecora Resources.................................. 13,281 182,614 Tredegar Corp...................................... 35,160 752,072 # Tronox, Ltd. Class A............................... 89,927 1,901,057 # United States Lime & Minerals, Inc................. 8,788 607,690 # United States Steel Corp........................... 273,594 6,686,637 #* Universal Stainless & Alloy Products, Inc.......... 10,522 234,535 # Valhi, Inc......................................... 92,519 529,209 Valspar Corp. (The)................................ 79,825 6,659,800 #* Verso Corp......................................... 33,897 71,184 Vulcan Materials Co................................ 127,191 8,968,237 # Walter Energy, Inc................................. 58,723 54,742 # Wausau Paper Corp.................................. 87,642 890,443 Westlake Chemical Corp............................. 171,450 9,825,799 Worthington Industries, Inc........................ 154,045 4,610,567 #* WR Grace & Co...................................... 39,559 3,428,974 Zep, Inc........................................... 32,478 520,298 ------------ Total Materials........................................ 679,521,618 ------------ Other -- (0.0%) o* Concord Camera Corp. Escrow Shares................. 2,339 -- o* FRD Acquisition Co. Escrow Shares.................. 4,235 -- o* Gerber Scientific, Inc. Escrow Shares.............. 30,731 -- o* Softbrands, Inc. Escrow Shares..................... 14,700 -- ------------ Total Other............................................ -- ------------ Real Estate Investment Trusts -- (0.1%) # CareTrust REIT, Inc................................ 51,404 692,926 # Iron Mountain, Inc................................. 230,015 9,163,798 # Lamar Advertising Co. Class A...................... 74,317 4,163,238 ------------ Total Real Estate Investment Trusts.................... 14,019,962 ------------ Telecommunication Services -- (2.5%) #* 8x8, Inc........................................... 64,500 497,295 #* Alaska Communications Systems Group, Inc........... 1,200 2,136 * Alteva............................................. 9,033 65,941 AT&T, Inc.......................................... 5,560,708 183,058,507 Atlantic Tele-Network, Inc......................... 24,404 1,621,158 #* Boingo Wireless, Inc............................... 17,928 151,492 CenturyLink, Inc................................... 477,181 17,736,818 * Cincinnati Bell, Inc............................... 355,874 1,042,711 171 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Telecommunication Services -- (Continued) Cogent Communications Holdings, Inc................ 62,858 $ 2,329,517 # Consolidated Communications Holdings, Inc.......... 94,086 2,190,322 # Frontier Communications Corp....................... 1,735,609 11,654,614 * General Communication, Inc. Class A................ 83,501 1,225,795 #* Hawaiian Telcom Holdco, Inc........................ 367 9,553 IDT Corp. Class B.................................. 40,300 860,808 Inteliquent, Inc................................... 128,059 2,153,952 #* Intelsat SA........................................ 13,513 212,830 #* Iridium Communications, Inc........................ 104,650 890,571 #* Level 3 Communications, Inc........................ 187,656 9,334,009 # Lumos Networks Corp................................ 36,481 584,790 # NTELOS Holdings Corp............................... 36,307 148,859 #* ORBCOMM, Inc....................................... 77,485 430,817 * Premiere Global Services, Inc...................... 88,268 780,289 * SBA Communications Corp. Class A................... 60,940 7,111,698 Shenandoah Telecommunications Co................... 89,322 2,653,757 Spok Holdings, Inc................................. 38,503 659,171 #* Sprint Corp........................................ 344,000 1,479,200 #* Straight Path Communications, Inc. Class B......... 17,280 331,430 #* T-Mobile US, Inc................................... 98,640 2,976,955 Telephone & Data Systems, Inc...................... 200,099 4,652,302 #* United States Cellular Corp........................ 49,354 1,717,026 Verizon Communications, Inc........................ 2,042,932 93,382,422 * Vonage Holdings Corp............................... 375,899 1,578,776 Windstream Holdings, Inc........................... 1,516,659 12,057,439 ------------ Total Telecommunication Services....................... 365,582,960 ------------ Utilities -- (2.0%) AES Corp........................................... 363,859 4,446,357 AGL Resources, Inc................................. 69,040 3,892,475 ALLETE, Inc........................................ 64,377 3,646,957 Alliant Energy Corp................................ 36,568 2,508,930 Ameren Corp........................................ 65,294 2,956,512 American Electric Power Co., Inc................... 70,433 4,423,897 American States Water Co........................... 58,010 2,299,516 American Water Works Co., Inc...................... 48,949 2,747,997 # Aqua America, Inc.................................. 143,638 3,885,408 # Artesian Resources Corp. Class A................... 5,997 132,834 Atmos Energy Corp.................................. 96,966 5,518,335 # Avista Corp........................................ 93,268 3,463,041 Black Hills Corp................................... 66,602 3,340,756 #* Cadiz, Inc......................................... 5,844 56,453 California Water Service Group..................... 69,085 1,695,346 * Calpine Corp....................................... 536,142 11,194,645 CenterPoint Energy, Inc............................ 121,531 2,806,151 # Chesapeake Utilities Corp.......................... 21,979 1,071,696 Cleco Corp......................................... 53,705 2,919,404 CMS Energy Corp.................................... 72,197 2,723,993 # Connecticut Water Service, Inc..................... 16,316 586,723 # Consolidated Edison, Inc........................... 59,470 4,120,082 Consolidated Water Co., Ltd........................ 20,526 222,707 Delta Natural Gas Co., Inc......................... 5,328 113,113 Dominion Resources, Inc............................ 97,795 7,519,458 172 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Utilities -- (Continued) DTE Energy Co...................................... 43,043 $ 3,859,235 Duke Energy Corp................................... 118,630 10,337,418 * Dynegy, Inc........................................ 207,608 5,671,851 Edison International............................... 61,989 4,224,550 El Paso Electric Co................................ 60,213 2,412,133 Empire District Electric Co. (The)................. 64,655 1,970,038 Entergy Corp....................................... 55,273 4,836,940 # Exelon Corp........................................ 137,012 4,937,912 FirstEnergy Corp................................... 103,312 4,166,573 Gas Natural, Inc................................... 5,156 50,271 # Genie Energy, Ltd. Class B......................... 32,165 201,675 Great Plains Energy, Inc........................... 151,470 4,478,968 Hawaiian Electric Industries, Inc.................. 104,140 3,572,002 # IDACORP, Inc....................................... 74,322 5,047,207 Integrys Energy Group, Inc......................... 52,641 4,269,185 ITC Holdings Corp.................................. 129,923 5,526,924 # Laclede Group, Inc. (The).......................... 63,330 3,404,621 MDU Resources Group, Inc........................... 97,688 2,208,726 # MGE Energy, Inc.................................... 43,812 2,010,971 # Middlesex Water Co................................. 19,687 430,555 # National Fuel Gas Co............................... 66,161 4,196,592 # New Jersey Resources Corp.......................... 61,869 3,952,192 NextEra Energy, Inc................................ 73,231 7,999,754 NiSource, Inc...................................... 85,928 3,717,245 # Northeast Utilities................................ 86,388 4,801,445 # Northwest Natural Gas Co........................... 37,573 1,875,268 # NorthWestern Corp.................................. 67,444 3,895,565 NRG Energy, Inc.................................... 288,306 7,109,626 # NRG Yield, Inc. Class A............................ 24,867 1,314,967 OGE Energy Corp.................................... 67,992 2,391,959 # ONE Gas, Inc....................................... 74,686 3,300,374 # Ormat Technologies, Inc............................ 66,303 1,773,605 # Otter Tail Corp.................................... 48,467 1,498,600 Pepco Holdings, Inc................................ 118,685 3,257,903 PG&E Corp.......................................... 69,255 4,072,887 Piedmont Natural Gas Co., Inc...................... 76,314 3,044,165 Pinnacle West Capital Corp......................... 35,700 2,505,426 # PNM Resources, Inc................................. 118,531 3,615,196 # Portland General Electric Co....................... 116,719 4,633,744 PPL Corp........................................... 90,828 3,224,394 Public Service Enterprise Group, Inc............... 103,424 4,414,136 Questar Corp....................................... 212,969 5,526,546 RGC Resources, Inc................................. 2,942 63,224 # SCANA Corp......................................... 25,601 1,632,576 Sempra Energy...................................... 36,860 4,125,371 SJW Corp........................................... 27,809 939,110 # South Jersey Industries, Inc....................... 50,127 2,919,898 Southern Co. (The)................................. 134,710 6,832,491 Southwest Gas Corp................................. 69,336 4,261,391 # TECO Energy, Inc................................... 228,309 4,869,831 UGI Corp........................................... 300,526 11,116,457 # UIL Holdings Corp.................................. 83,562 3,843,852 Unitil Corp........................................ 21,356 797,860 173 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Utilities -- (Continued) # Vectren Corp................................. 73,129 $ 3,504,342 # Westar Energy, Inc........................... 123,991 5,296,896 # WGL Holdings, Inc............................ 76,086 4,298,859 # Wisconsin Energy Corp........................ 50,830 2,834,789 Xcel Energy, Inc............................. 113,995 4,278,232 # York Water Co................................ 14,530 343,925 --------------- Total Utilities.................................... 295,991,234 --------------- TOTAL COMMON STOCKS................................ 13,057,010,164 --------------- PREFERRED STOCKS -- (0.0%) Other -- (0.0%) o* Enron TOPRS Escrow Shares.................... 1,977 -- --------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights... 7,309 -- o* Community Health Systems, Inc. Rights 01/04/16................................... 396,076 10,694 o* Eagle Bulk Shipping, Inc. Warrants 10/15/21.. 15 19 o#* Empire Resorts, Inc. Rights 02/02/2015....... 913 -- o* Furiex Pharmaceuticals Contingent Value Rights..................................... 14,153 138,275 o#* Ikanos Communications Rights 01/12/2015...... 23,895 -- o* Leap Wireless International, Inc. Contingent Value Rights............................... 89,942 226,654 o* LGL Group, Inc. (The) Warrants 08/06/18...... 13,165 105 o#* Magnum Hunter Resources Corp. Warrants 04/15/16................................... 22,231 -- o* Providence Service Corp. (The) Rights 02/05/2015................................. 1,817 -- o* Safeway Casa Ley Contingent Value Rights..... 240,783 244,371 o* Safeway PDC, LLC Contingent Value Rights..... 240,783 11,750 o* Southern Community Financial Corp. Contingent Value Rights.................... 13,882 12,851 o* Tejon Ranch Co. Warrants 08/31/16............ 4,892 7,191 --------------- TOTAL RIGHTS/WARRANTS.............................. 651,910 --------------- BONDS -- (0.0%) Other -- (0.0%) o* Capital Properties, Inc., 5.000%............. 1,260 1,180 --------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional Liquid Reserves, 0.089%..................................... 36,539,390 36,539,390 --------------- SECURITIES LENDING COLLATERAL -- (10.2%) (S)@ DFA Short Term Investment Fund............... 129,074,815 1,493,395,608 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $10,542,497,537)^^......................... $14,587,598,252 =============== 174 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- -------------- ------- --------------- Common Stocks Consumer Discretionary.... $ 1,983,957,950 $ 5,739 -- $ 1,983,963,689 Consumer Staples... 833,041,643 -- -- 833,041,643 Energy............. 1,223,665,293 -- -- 1,223,665,293 Financials......... 2,107,570,248 11,571 -- 2,107,581,819 Health Care........ 1,504,500,352 -- -- 1,504,500,352 Industrials........ 1,900,265,811 -- -- 1,900,265,811 Information Technology....... 2,148,875,783 -- -- 2,148,875,783 Materials.......... 679,521,618 -- -- 679,521,618 Other.............. -- -- -- -- Real Estate Investment Trusts........... 14,019,962 -- -- 14,019,962 Telecommunication Services......... 365,582,960 -- -- 365,582,960 Utilities.......... 295,991,234 -- -- 295,991,234 Preferred Stocks Other.............. -- -- -- -- Rights/Warrants....... -- 651,910 -- 651,910 Bonds Other.............. -- 1,180 -- 1,180 Temporary Cash Investments......... 36,539,390 -- -- 36,539,390 Securities Lending Collateral.......... -- 1,493,395,608 -- 1,493,395,608 --------------- -------------- -- --------------- TOTAL................. $13,093,532,244 $1,494,066,008 -- $14,587,598,252 =============== ============== == =============== 175 U.S. VECTOR EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ---------- COMMON STOCKS -- (87.5%) Consumer Discretionary -- (13.0%) * 1-800-Flowers.com, Inc. Class A.................... 33,345 $ 263,092 Aaron's, Inc....................................... 90,559 2,867,098 # Abercrombie & Fitch Co. Class A.................... 50,447 1,287,407 Advance Auto Parts, Inc............................ 5,300 842,700 #* Aeropostale, Inc................................... 25,947 63,311 * AG&E Holdings, Inc................................. 5,523 4,032 AH Belo Corp. Class A.............................. 24,143 217,770 * Ambassadors Group, Inc............................. 17,553 44,234 #* AMC Networks, Inc. Class A......................... 5,802 386,993 AMCON Distributing Co.............................. 438 35,588 * America's Car-Mart, Inc............................ 13,372 710,187 * American Axle & Manufacturing Holdings, Inc........ 22,511 548,143 # American Eagle Outfitters, Inc..................... 137,250 1,926,990 #* American Public Education, Inc..................... 12,833 430,804 * ANN, Inc........................................... 60,705 2,009,335 * Apollo Education Group, Inc. Class A............... 71,139 1,796,971 Arctic Cat, Inc.................................... 12,690 426,638 Ark Restaurants Corp............................... 3,403 83,816 * Asbury Automotive Group, Inc....................... 29,653 2,200,549 * Ascena Retail Group, Inc........................... 74,986 866,838 #* Ascent Capital Group, Inc. Class A................. 13,941 589,844 # Autoliv, Inc....................................... 8,259 875,950 #* AutoNation, Inc.................................... 24,334 1,450,793 * Ballantyne Strong, Inc............................. 17,594 71,959 #* Barnes & Noble, Inc................................ 117,340 2,756,317 Bassett Furniture Industries, Inc.................. 10,687 237,465 Beasley Broadcast Group, Inc. Class A.............. 6,377 33,288 #* Beazer Homes USA, Inc.............................. 16,707 263,971 # bebe stores, Inc................................... 87,536 313,379 #* Bed Bath & Beyond, Inc............................. 22,913 1,713,205 * Belmond, Ltd. Class A.............................. 118,377 1,300,963 Best Buy Co., Inc.................................. 52,445 1,846,064 Big 5 Sporting Goods Corp.......................... 26,198 312,018 # Big Lots, Inc...................................... 59,026 2,709,884 * Biglari Holdings, Inc.............................. 2,584 1,069,698 #* BJ's Restaurants, Inc.............................. 35,760 1,583,810 * Bloomin' Brands, Inc............................... 37,069 916,160 * Blue Nile, Inc..................................... 3,598 111,826 Blyth, Inc......................................... 16,340 121,079 Bob Evans Farms, Inc............................... 33,622 1,895,272 # Bon-Ton Stores, Inc. (The)......................... 16,943 92,848 * Books-A-Million, Inc............................... 13,630 34,348 BorgWarner, Inc.................................... 21,458 1,158,947 Bowl America, Inc. Class A......................... 2,839 41,166 #* Boyd Gaming Corp................................... 65,198 851,486 * Bravo Brio Restaurant Group, Inc................... 19,657 258,490 * Bridgepoint Education, Inc......................... 32,150 317,321 * Bright Horizons Family Solutions, Inc.............. 5,898 286,348 Brinker International, Inc......................... 15,655 914,722 Brown Shoe Co., Inc................................ 53,427 1,516,793 # Brunswick Corp..................................... 35,055 1,902,785 176 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Buckle, Inc. (The)................................. 9,525 $ 483,775 #* Buffalo Wild Wings, Inc............................ 12,173 2,170,689 * Build-A-Bear Workshop, Inc......................... 21,116 435,412 #* Cabela's, Inc...................................... 57,032 3,133,908 # Cablevision Systems Corp. Class A.................. 21,009 397,490 # Callaway Golf Co................................... 109,117 890,395 * Cambium Learning Group, Inc........................ 42,184 105,882 * Canterbury Park Holding Corp....................... 4,963 49,878 Capella Education Co............................... 15,632 1,062,820 * Career Education Corp.............................. 104,403 582,569 #* CarMax, Inc........................................ 26,062 1,618,450 * Carmike Cinemas, Inc............................... 27,478 760,316 Carnival Corp...................................... 42,874 1,884,741 # Carriage Services, Inc............................. 21,352 465,474 * Carrols Restaurant Group, Inc...................... 27,234 216,783 Carter's, Inc...................................... 18,771 1,529,649 Cato Corp. (The) Class A........................... 27,535 1,167,484 * Cavco Industries, Inc.............................. 9,858 724,662 CBS Corp. Class A.................................. 4,710 263,548 CBS Corp. Class B.................................. 39,368 2,157,760 #* Central European Media Enterprises, Ltd. Class A... 32,474 84,432 #* Charles & Colvard, Ltd............................. 21,647 38,965 * Charter Communications, Inc. Class A............... 317 47,903 # Cheesecake Factory, Inc. (The)..................... 59,287 3,113,160 Cherokee, Inc...................................... 3,009 54,704 Chico's FAS, Inc................................... 157,521 2,627,450 # Children's Place, Inc. (The)....................... 25,851 1,549,767 * Chipotle Mexican Grill, Inc........................ 3,000 2,129,520 Choice Hotels International, Inc................... 8,184 470,171 * Christopher & Banks Corp........................... 35,056 182,642 Churchill Downs, Inc............................... 18,230 1,731,668 #* Chuy's Holdings, Inc............................... 3,103 66,311 #* Cinedigm Corp...................................... 29,141 43,420 Cinemark Holdings, Inc............................. 48,992 1,821,033 * Citi Trends, Inc................................... 19,462 445,485 Clear Channel Outdoor Holdings, Inc. Class A....... 29,582 267,717 ClubCorp Holdings, Inc............................. 9,691 164,844 Coach, Inc......................................... 23,907 889,101 * Coast Distribution System, Inc. (The).............. 1,632 5,647 Collectors Universe, Inc........................... 4,583 107,701 Columbia Sportswear Co............................. 55,820 2,372,350 Comcast Corp. Class A.............................. 376,209 19,993,627 # Comcast Corp. Special Class A...................... 83,059 4,393,821 #* Conn's, Inc........................................ 35,937 565,648 Cooper Tire & Rubber Co............................ 80,122 2,787,444 * Cooper-Standard Holding, Inc....................... 511 26,700 Core-Mark Holding Co., Inc......................... 25,326 1,688,738 # Cracker Barrel Old Country Store, Inc.............. 17,139 2,305,367 #* Crocs, Inc......................................... 85,576 907,106 * Crown Media Holdings, Inc. Class A................. 24,897 79,670 CSS Industries, Inc................................ 4,800 130,560 CST Brands, Inc.................................... 83,186 3,585,317 Culp, Inc.......................................... 12,017 241,422 177 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) #* Cumulus Media, Inc. Class A........................ 94,582 $ 329,145 # Dana Holding Corp.................................. 96,609 2,016,230 # Darden Restaurants, Inc............................ 25,521 1,566,479 #* Deckers Outdoor Corp............................... 9,729 642,600 * Del Frisco's Restaurant Group, Inc................. 22,592 447,999 * Delta Apparel, Inc................................. 11,681 108,049 * Denny's Corp....................................... 3,972 43,215 Destination Maternity Corp......................... 13,230 202,551 #* Destination XL Group, Inc.......................... 61,304 311,424 DeVry Education Group, Inc......................... 65,811 2,791,045 * DGSE Cos., Inc..................................... 3,503 5,290 * Diamond Resorts International, Inc................. 2,904 82,416 Dick's Sporting Goods, Inc......................... 14,889 769,017 Dillard's, Inc. Class A............................ 46,706 5,305,802 DineEquity, Inc.................................... 24,825 2,650,069 * DIRECTV............................................ 22,304 1,902,085 * Discovery Communications, Inc...................... 14,257 397,485 #* Discovery Communications, Inc. Class A............. 5,091 147,563 * Discovery Communications, Inc. Class B............. 1,000 28,080 #* Dixie Group, Inc. (The)............................ 9,314 75,257 * Dollar General Corp................................ 16,141 1,082,415 * Dollar Tree, Inc................................... 13,600 966,960 # Domino's Pizza, Inc................................ 11,300 1,119,265 #* Dorman Products, Inc............................... 32,268 1,475,616 * Dover Downs Gaming & Entertainment, Inc............ 15,417 13,838 DR Horton, Inc..................................... 53,784 1,318,784 #* DreamWorks Animation SKG, Inc. Class A............. 73,137 1,365,468 * Drew Industries, Inc............................... 24,209 1,217,229 DSW, Inc. Class A.................................. 24,675 877,443 Dunkin' Brands Group, Inc.......................... 12,633 597,667 Educational Development Corp....................... 3,287 13,575 * Eldorado Resorts, Inc.............................. 18,795 74,522 Emerson Radio Corp................................. 22,180 23,067 * Emmis Communications Corp. Class A................. 5,300 10,653 #* Empire Resorts, Inc................................ 3,284 19,376 #* Entercom Communications Corp. Class A.............. 35,699 413,037 # Entravision Communications Corp. Class A........... 51,728 319,162 # Escalade, Inc...................................... 12,512 190,683 # Ethan Allen Interiors, Inc......................... 35,740 972,843 * EVINE Live, Inc.................................... 44,612 279,717 #* EW Scripps Co. (The) Class A....................... 51,043 1,007,078 Expedia, Inc....................................... 14,450 1,241,688 * Express, Inc....................................... 8,782 114,869 Family Dollar Stores, Inc.......................... 8,607 654,993 #* Famous Dave's Of America, Inc...................... 6,706 202,991 #* Federal-Mogul Holdings Corp........................ 79,385 1,074,079 * Fiesta Restaurant Group, Inc....................... 12,924 763,421 Finish Line, Inc. (The) Class A.................... 64,050 1,511,580 #* Five Below, Inc.................................... 15,817 527,022 Flanigan's Enterprises, Inc........................ 300 11,475 Flexsteel Industries, Inc.......................... 8,943 266,501 Foot Locker, Inc................................... 105,891 5,635,519 Ford Motor Co...................................... 366,000 5,383,860 178 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * Fossil Group, Inc.................................. 12,801 $1,251,938 * Francesca's Holdings Corp.......................... 1,801 28,564 # Fred's, Inc. Class A............................... 41,518 689,199 Frisch's Restaurants, Inc.......................... 5,689 157,585 #* FTD Cos., Inc...................................... 25,421 870,669 #* Fuel Systems Solutions, Inc........................ 27,689 297,380 * Full House Resorts, Inc............................ 15,960 21,865 #* G-III Apparel Group, Ltd........................... 19,582 1,903,370 * Gaiam, Inc. Class A................................ 17,607 128,883 # GameStop Corp. Class A............................. 131,660 4,641,015 * Gaming Partners International Corp................. 9,358 77,578 Gannett Co., Inc................................... 66,073 2,048,924 # Gap, Inc. (The).................................... 23,608 972,414 # Garmin, Ltd........................................ 10,038 525,590 #* Geeknet, Inc....................................... 1,892 14,833 General Motors Co.................................. 210,392 6,862,987 * Genesco, Inc....................................... 27,196 1,943,154 Gentex Corp........................................ 55,994 934,540 * Gentherm, Inc...................................... 32,496 1,195,203 Genuine Parts Co................................... 11,634 1,081,264 GNC Holdings, Inc. Class A......................... 10,764 477,276 Goodyear Tire & Rubber Co. (The)................... 23,800 576,912 #* Gordmans Stores, Inc............................... 4,385 16,225 Graham Holdings Co. Class B........................ 6,442 6,025,331 * Grand Canyon Education, Inc........................ 25,595 1,121,573 #* Gray Television, Inc............................... 61,266 579,576 * Gray Television, Inc. Class A...................... 2,300 17,250 Group 1 Automotive, Inc............................ 38,905 3,127,573 Guess?, Inc........................................ 78,037 1,465,535 H&R Block, Inc..................................... 12,252 419,999 Hanesbrands, Inc................................... 7,900 879,902 Harley-Davidson, Inc............................... 25,800 1,591,860 Harman International Industries, Inc............... 6,195 803,058 Harte-Hanks, Inc................................... 71,062 516,621 # Hasbro, Inc........................................ 9,400 516,248 Haverty Furniture Cos., Inc........................ 24,884 607,916 Haverty Furniture Cos., Inc. Class A............... 1,796 44,595 * Helen of Troy, Ltd................................. 36,024 2,709,725 #* hhgregg, Inc....................................... 34,055 186,962 #* Hibbett Sports, Inc................................ 10,010 470,870 Home Depot, Inc. (The)............................. 14,454 1,509,287 Hooker Furniture Corp.............................. 11,611 209,462 # HSN, Inc........................................... 9,953 770,760 * Hyatt Hotels Corp. Class A......................... 6,444 362,539 #* Iconix Brand Group, Inc............................ 78,132 2,597,108 International Game Technology...................... 1,600 27,072 International Speedway Corp. Class A............... 42,262 1,229,402 Interpublic Group of Cos., Inc. (The).............. 44,149 880,331 Interval Leisure Group, Inc........................ 27,192 627,591 #* iRobot Corp........................................ 11,711 369,482 * Isle of Capri Casinos, Inc......................... 13,149 134,646 #* ITT Educational Services, Inc...................... 2,258 16,416 Jack in the Box, Inc............................... 30,578 2,592,709 179 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * Jaclyn, Inc........................................ 400 $ 2,020 #* JAKKS Pacific, Inc................................. 5,955 35,849 #* Jamba, Inc......................................... 11,874 195,090 * Jarden Corp........................................ 38,941 1,869,947 #* JC Penney Co., Inc................................. 237,522 1,726,785 John Wiley & Sons, Inc. Class A.................... 18,172 1,125,937 John Wiley & Sons, Inc. Class B.................... 2,087 128,914 Johnson Controls, Inc.............................. 67,306 3,127,710 Johnson Outdoors, Inc. Class A..................... 14,083 422,490 * Journal Communications, Inc. Class A............... 51,347 516,037 * K12, Inc........................................... 38,275 544,271 #* Kate Spade & Co.................................... 9,775 308,206 # KB Home............................................ 74,081 923,049 #* Kirkland's, Inc.................................... 25,851 601,553 Kohl's Corp........................................ 41,214 2,461,300 * Kona Grill, Inc.................................... 8,088 190,068 Koss Corp.......................................... 4,404 8,720 #* Krispy Kreme Doughnuts, Inc........................ 32,305 628,978 L Brands, Inc...................................... 6,200 524,706 La-Z-Boy, Inc...................................... 53,633 1,431,465 * Lakeland Industries, Inc........................... 5,597 47,575 #* Lands' End, Inc.................................... 12,242 424,675 Las Vegas Sands Corp............................... 19,359 1,052,549 #* LeapFrog Enterprises, Inc.......................... 77,572 184,621 Lear Corp.......................................... 12,606 1,265,012 * Learning Tree International, Inc................... 10,875 21,641 # Leggett & Platt, Inc............................... 30,328 1,292,883 # Lennar Corp. Class A............................... 19,087 857,197 Lennar Corp. Class B............................... 13,352 482,141 Libbey, Inc........................................ 42,776 1,399,203 * Liberty Broadband Corp.(530307206)................. 234 11,583 * Liberty Broadband Corp.(530307305)................. 23,976 1,064,534 * Liberty Broadband Corp. Class A.................... 8,987 399,652 * Liberty Global P.L.C. Class A...................... 716 33,452 * Liberty Global P.L.C. Class B...................... 104 4,838 * Liberty Global P.L.C. Series C..................... 41,874 1,909,036 * Liberty Interactive Corp. Class A.................. 86,201 2,358,459 * Liberty Interactive Corp. Class B.................. 4,371 127,808 * Liberty Media Corp................................. 73,768 2,516,964 * Liberty Media Corp. Class A........................ 35,948 1,224,029 * Liberty Media Corp. Class B........................ 936 37,112 * Liberty Tax, Inc................................... 3,420 123,120 * Liberty TripAdvisor Holdings, Inc. Class A......... 34,616 828,707 * Liberty TripAdvisor Holdings, Inc. Class B......... 436 11,040 * Liberty Ventures Series A.......................... 65,044 2,429,393 * Liberty Ventures Series B.......................... 1,057 41,281 #* Life Time Fitness, Inc............................. 54,132 2,959,396 Lifetime Brands, Inc............................... 15,663 247,162 Lincoln Educational Services Corp.................. 21,067 54,774 # Lions Gate Entertainment Corp...................... 2,458 70,618 # Lithia Motors, Inc. Class A........................ 25,260 2,139,522 * Live Nation Entertainment, Inc..................... 208,833 4,963,960 * LKQ Corp........................................... 56,098 1,447,889 180 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * Loral Space & Communications, Inc.................. 11,008 $ 791,585 Lowe's Cos., Inc................................... 66,542 4,508,886 * Luby's, Inc........................................ 28,310 138,153 #* Lumber Liquidators Holdings, Inc................... 5,098 321,939 * M/I Homes, Inc..................................... 36,549 754,371 # Macy's, Inc........................................ 32,080 2,049,270 * Madison Square Garden Co. (The) Class A............ 43,717 3,311,563 Marcus Corp. (The)................................. 21,011 396,267 Marine Products Corp............................... 28,784 208,108 * MarineMax, Inc..................................... 31,483 803,131 Marriott Vacations Worldwide Corp.................. 40,570 3,103,605 #* Martha Stewart Living Omnimedia, Inc. Class A...... 40,187 186,468 # Mattel, Inc........................................ 19,217 516,937 * McClatchy Co. (The) Class A........................ 80,775 202,745 McDonald's Corp.................................... 2,590 239,420 # MDC Holdings, Inc.................................. 96,740 2,418,500 #* Media General, Inc................................. 21,300 304,590 Men's Wearhouse, Inc. (The)........................ 55,918 2,598,509 # Meredith Corp...................................... 43,191 2,248,523 #* Meritage Homes Corp................................ 62,618 2,279,921 #* MGM Resorts International.......................... 239,024 4,656,188 * Modine Manufacturing Co............................ 71,998 877,656 * Mohawk Industries, Inc............................. 12,479 2,059,534 * Monarch Casino & Resort, Inc....................... 18,597 321,728 # Monro Muffler Brake, Inc........................... 20,712 1,183,484 Morningstar, Inc................................... 3,175 211,423 * Motorcar Parts of America, Inc..................... 17,887 467,208 Movado Group, Inc.................................. 21,143 508,066 * Murphy USA, Inc.................................... 44,234 3,087,976 NACCO Industries, Inc. Class A..................... 8,815 485,266 * Nathan's Famous, Inc............................... 5,206 418,771 National American University Holdings, Inc......... 579 1,841 # National CineMedia, Inc............................ 22,365 322,056 * Nautilus, Inc...................................... 32,587 464,039 #* Nevada Gold & Casinos, Inc......................... 1,000 1,220 * New York & Co., Inc................................ 62,415 143,555 # New York Times Co. (The) Class A................... 137,173 1,727,008 Newell Rubbermaid, Inc............................. 19,366 714,024 * News Corp. Class A................................. 149,836 2,231,058 #* News Corp. Class B................................. 7,250 104,690 # Nexstar Broadcasting Group, Inc. Class A........... 10,575 527,640 NIKE, Inc. Class B................................. 2,400 221,400 * Nobility Homes, Inc................................ 2,463 23,152 Nordstrom, Inc..................................... 700 53,340 * Norwegian Cruise Line Holdings, Ltd................ 1,537 67,259 Nutrisystem, Inc................................... 22,945 408,880 * NVR, Inc........................................... 1,000 1,254,230 * O'Reilly Automotive, Inc........................... 18,013 3,374,916 #* Office Depot, Inc.................................. 878,560 6,677,056 # Omnicom Group, Inc................................. 21,458 1,562,142 * Orbitz Worldwide, Inc.............................. 64,472 595,077 #* Outerwall, Inc..................................... 13,260 823,181 * Overstock.com, Inc................................. 8,272 185,127 181 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Oxford Industries, Inc............................. 16,010 $ 895,599 * P&F Industries, Inc. Class A....................... 2,014 15,306 #* Pacific Sunwear of California, Inc................. 60,704 166,936 #* Panera Bread Co. Class A........................... 5,200 893,672 Papa John's International, Inc..................... 21,076 1,337,483 #* Penn National Gaming, Inc.......................... 117,960 1,765,861 Penske Automotive Group, Inc....................... 78,768 3,808,433 * Pep Boys-Manny, Moe & Jack (The)................... 59,363 500,430 * Perfumania Holdings, Inc........................... 3,665 20,689 * Perry Ellis International, Inc..................... 17,492 418,234 # PetMed Express, Inc................................ 19,102 299,901 PetSmart, Inc...................................... 13,036 1,065,106 # Pier 1 Imports, Inc................................ 68,065 1,144,173 #* Pinnacle Entertainment, Inc........................ 52,422 1,108,725 # Polaris Industries, Inc............................ 9,939 1,437,080 Pool Corp.......................................... 14,518 903,165 * Popeyes Louisiana Kitchen, Inc..................... 9,550 548,361 * Priceline Group, Inc. (The)........................ 1,900 1,918,012 PulteGroup, Inc.................................... 146,862 3,023,889 PVH Corp........................................... 9,464 1,043,501 * QEP Co., Inc....................................... 1,500 26,700 #* Quiksilver, Inc.................................... 178,954 334,644 #* Radio One, Inc. Class D............................ 39,577 74,405 Ralph Lauren Corp.................................. 3,592 599,469 * RCI Hospitality Holdings, Inc...................... 12,476 121,641 * Reading International, Inc. Class A................ 11,759 142,166 #* Red Lion Hotels Corp............................... 20,441 131,231 * Red Robin Gourmet Burgers, Inc..................... 16,700 1,294,250 # Regal Entertainment Group Class A.................. 16,249 343,829 * Regis Corp......................................... 66,496 1,047,312 Remy International, Inc............................ 13,248 281,785 # Rent-A-Center, Inc................................. 64,258 2,202,764 #* Rentrak Corp....................................... 4,395 338,107 #* Restoration Hardware Holdings, Inc................. 1,225 107,224 Rocky Brands, Inc.................................. 7,186 98,520 Ross Stores, Inc................................... 11,816 1,083,645 Royal Caribbean Cruises, Ltd....................... 124,720 9,422,596 #* Ruby Tuesday, Inc.................................. 69,513 418,468 Ruth's Hospitality Group, Inc...................... 50,925 739,431 # Ryland Group, Inc. (The)........................... 42,610 1,710,791 # Salem Communications Corp. Class A................. 22,144 154,344 * Sally Beauty Holdings, Inc......................... 17,750 551,670 # Scholastic Corp.................................... 26,776 984,821 #* Scientific Games Corp. Class A..................... 83,068 981,033 # Scripps Networks Interactive, Inc. Class A......... 5,300 376,777 #* Sears Holdings Corp................................ 37,878 1,206,036 SeaWorld Entertainment, Inc........................ 14,392 252,004 #* Select Comfort Corp................................ 36,144 1,078,537 Service Corp. International........................ 200,775 4,543,538 * Shiloh Industries, Inc............................. 20,431 249,871 Shoe Carnival, Inc................................. 23,096 536,289 #* Shutterfly, Inc.................................... 29,705 1,303,158 Signet Jewelers, Ltd............................... 14,628 1,771,597 182 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) # Sinclair Broadcast Group, Inc. Class A............. 30,200 $ 747,148 #* Sirius XM Holdings, Inc............................ 124,278 441,187 # Six Flags Entertainment Corp....................... 23,098 992,290 * Sizmek, Inc........................................ 31,401 187,150 #* Skechers U.S.A., Inc. Class A...................... 43,294 2,612,793 * Skullcandy, Inc.................................... 26,165 262,173 * Skyline Corp....................................... 8,700 32,625 Sonic Automotive, Inc. Class A..................... 54,675 1,346,645 Sonic Corp......................................... 28,283 856,126 # Sotheby's.......................................... 27,528 1,171,316 * Spanish Broadcasting System, Inc. Class A.......... 1,489 3,946 Spartan Motors, Inc................................ 36,992 192,728 # Speedway Motorsports, Inc.......................... 47,584 1,060,647 Stage Stores, Inc.................................. 52,572 1,051,440 # Standard Motor Products, Inc....................... 27,788 1,013,150 #* Standard Pacific Corp.............................. 208,244 1,461,873 * Stanley Furniture Co., Inc......................... 13,731 40,644 # Staples, Inc....................................... 326,863 5,573,014 Starwood Hotels & Resorts Worldwide, Inc........... 12,073 868,894 #* Starz.............................................. 24,948 736,465 * Starz Class B...................................... 936 27,855 Stein Mart, Inc.................................... 50,401 693,518 * Steiner Leisure, Ltd............................... 11,331 494,258 * Steven Madden, Ltd................................. 57,632 1,979,083 * Stoneridge, Inc.................................... 40,969 517,029 # Strattec Security Corp............................. 4,591 289,233 #* Strayer Education, Inc............................. 7,069 473,623 # Sturm Ruger & Co., Inc............................. 16,895 682,558 # Superior Industries International, Inc............. 29,581 539,853 # Superior Uniform Group, Inc........................ 9,577 363,447 Sypris Solutions, Inc.............................. 17,625 42,212 #* Systemax, Inc...................................... 34,554 451,621 Tandy Leather Factory, Inc......................... 17,438 148,921 Target Corp........................................ 52,314 3,850,834 #* Taylor Morrison Home Corp. Class A................. 7,554 134,235 * Tempur Sealy International, Inc.................... 7,978 439,029 * Tenneco, Inc....................................... 11,900 611,898 #* Tesla Motors, Inc.................................. 402 81,847 # Texas Roadhouse, Inc............................... 69,524 2,335,311 Thor Industries, Inc............................... 36,711 2,068,665 Tiffany & Co....................................... 8,300 719,112 Time Warner Cable, Inc............................. 29,552 4,022,914 Time Warner, Inc................................... 99,424 7,748,112 Time, Inc.......................................... 28,113 703,950 TJX Cos., Inc. (The)............................... 10,244 675,489 * Toll Brothers, Inc................................. 134,814 4,667,261 * Tower International, Inc........................... 17,192 406,935 # Town Sports International Holdings, Inc............ 11,460 75,407 Tractor Supply Co.................................. 25,800 2,094,186 Trans World Entertainment Corp..................... 1,500 5,205 * TRI Pointe Homes, Inc.............................. 20,416 292,561 * TripAdvisor, Inc................................... 14,450 968,294 * TRW Automotive Holdings Corp....................... 14,500 1,495,965 183 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) #* Tuesday Morning Corp............................... 44,074 $ 780,110 #* Tumi Holdings, Inc................................. 30,119 682,798 Tupperware Brands Corp............................. 5,800 392,138 Twenty-First Century Fox, Inc. Class A............. 85,500 2,835,180 Twenty-First Century Fox, Inc. Class B............. 23,700 754,845 * Ulta Salon Cosmetics & Fragrance, Inc.............. 13,373 1,764,434 #* Under Armour, Inc. Class A......................... 11,332 816,811 * Unifi, Inc......................................... 20,364 656,332 * Universal Electronics, Inc......................... 18,037 1,149,678 Universal Technical Institute, Inc................. 22,884 186,962 #* UQM Technologies, Inc.............................. 221 210 #* Urban Outfitters, Inc.............................. 26,690 930,413 * US Auto Parts Network, Inc......................... 26,854 63,107 Vail Resorts, Inc.................................. 37,166 3,261,688 Value Line, Inc.................................... 3,839 58,238 VF Corp............................................ 13,052 905,417 Viacom, Inc. Class A............................... 1,129 73,204 Viacom, Inc. Class B............................... 15,300 985,626 * Visteon Corp....................................... 17,685 1,714,561 #* Vitamin Shoppe, Inc................................ 28,185 1,191,380 #* VOXX International Corp............................ 21,635 173,080 * Walking Co. Holdings, Inc. (The)................... 272 1,632 Walt Disney Co. (The).............................. 118,253 10,756,293 #* Weight Watchers International, Inc................. 6,975 115,506 # Wendy's Co. (The).................................. 432,368 4,557,159 * West Marine, Inc................................... 26,719 320,628 # Weyco Group, Inc................................... 9,446 255,231 Whirlpool Corp..................................... 18,667 3,716,226 * William Lyon Homes Class A......................... 3,447 65,769 Williams-Sonoma, Inc............................... 10,506 822,094 # Winmark Corp....................................... 3,672 299,305 # Winnebago Industries, Inc.......................... 36,586 727,696 # Wolverine World Wide, Inc.......................... 54,316 1,528,995 Wyndham Worldwide Corp............................. 30,178 2,528,615 Wynn Resorts, Ltd.................................. 2,100 310,695 * Zagg, Inc.......................................... 33,843 204,073 #* Zumiez, Inc........................................ 35,468 1,322,602 ------------ Total Consumer Discretionary........................... 505,710,973 ------------ Consumer Staples -- (4.0%) # Alico, Inc......................................... 7,844 372,904 * Alliance One International, Inc.................... 93,600 98,280 Altria Group, Inc.................................. 13,203 701,079 Andersons, Inc. (The).............................. 31,516 1,417,590 Archer-Daniels-Midland Co.......................... 89,777 4,186,302 # B&G Foods, Inc..................................... 51,215 1,528,256 #* Boston Beer Co., Inc. (The) Class A................ 2,981 937,584 #* Boulder Brands, Inc................................ 66,282 664,808 * Bridgford Foods Corp............................... 3,414 27,466 Brown-Forman Corp. Class A......................... 3,808 337,846 Brown-Forman Corp. Class B......................... 2,461 218,709 Bunge, Ltd......................................... 73,213 6,554,760 # Cal-Maine Foods, Inc............................... 44,448 1,557,902 184 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Calavo Growers, Inc................................ 11,354 $ 455,409 Casey's General Stores, Inc........................ 31,410 2,867,733 * CCA Industries, Inc................................ 4,700 16,450 * Central Garden and Pet Co.......................... 20,939 176,935 * Central Garden and Pet Co. Class A................. 47,083 428,455 Church & Dwight Co., Inc........................... 10,015 810,414 Coca-Cola Bottling Co. Consolidated................ 10,112 986,324 Coca-Cola Enterprises, Inc......................... 38,460 1,619,166 #* Coffee Holding Co., Inc............................ 1,900 9,595 ConAgra Foods, Inc................................. 33,618 1,191,086 * Constellation Brands, Inc. Class A................. 30,979 3,421,631 * Constellation Brands, Inc. Class B................. 1,214 137,771 Costco Wholesale Corp.............................. 12,989 1,857,297 #* Craft Brew Alliance, Inc........................... 20,966 249,495 #* Crimson Wine Group, Ltd............................ 10,667 96,003 CVS Health Corp.................................... 113,204 11,112,105 * Darling Ingredients, Inc........................... 125,243 2,126,626 # Dean Foods Co...................................... 103,137 1,868,842 #* Diamond Foods, Inc................................. 16,839 413,903 Dr Pepper Snapple Group, Inc....................... 12,552 969,893 Energizer Holdings, Inc............................ 6,756 864,836 * Farmer Bros. Co.................................... 17,723 530,095 Flowers Foods, Inc................................. 47,123 921,726 Fresh Del Monte Produce, Inc....................... 82,299 2,767,715 #* Fresh Market, Inc. (The)........................... 6,378 243,066 General Mills, Inc................................. 16,200 850,176 Golden Enterprises, Inc............................ 5,537 19,878 * Hain Celestial Group, Inc. (The)................... 29,672 1,565,791 # Herbalife, Ltd..................................... 7,400 225,552 Hormel Foods Corp.................................. 18,128 928,516 Ingles Markets, Inc. Class A....................... 18,862 804,464 # Ingredion, Inc..................................... 40,232 3,244,308 Inter Parfums, Inc................................. 31,754 798,613 * Inventure Foods, Inc............................... 1,791 18,214 J&J Snack Foods Corp............................... 14,421 1,414,989 JM Smucker Co. (The)............................... 20,682 2,133,348 John B. Sanfilippo & Son, Inc...................... 9,554 348,434 Keurig Green Mountain, Inc......................... 9,300 1,139,808 Kraft Foods Group, Inc............................. 39,110 2,555,447 Kroger Co. (The)................................... 17,415 1,202,506 # Lancaster Colony Corp.............................. 14,212 1,278,085 * Landec Corp........................................ 39,561 505,194 #* Lifeway Foods, Inc................................. 4,839 88,554 # Limoneira Co....................................... 2,554 53,123 * Mannatech, Inc..................................... 2,569 48,040 # McCormick & Co., Inc.(579780107)................... 1,064 76,326 # McCormick & Co., Inc.(579780206)................... 8,162 582,685 #* Medifast, Inc...................................... 19,049 603,663 MGP Ingredients, Inc............................... 17,519 277,851 # Molson Coors Brewing Co. Class A................... 534 44,002 Molson Coors Brewing Co. Class B................... 86,345 6,556,176 Mondelez International, Inc. Class A............... 126,787 4,467,974 * Monster Beverage Corp.............................. 2,400 280,680 185 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) * National Beverage Corp............................. 27,000 $ 586,980 * Natural Alternatives International, Inc............ 4,748 25,259 # Nu Skin Enterprises, Inc. Class A.................. 18,507 758,417 * Nutraceutical International Corp................... 11,692 228,462 Oil-Dri Corp. of America........................... 6,773 207,389 * Omega Protein Corp................................. 38,499 405,779 # Orchids Paper Products Co.......................... 9,429 257,129 * Pantry, Inc. (The)................................. 46,468 1,714,669 PepsiCo, Inc....................................... 9,195 862,307 Philip Morris International, Inc................... 36,900 2,960,856 # Pilgrim's Pride Corp............................... 78,274 2,125,139 Pinnacle Foods, Inc................................ 31,997 1,150,932 #* Post Holdings, Inc................................. 55,953 2,643,779 # Pricesmart, Inc.................................... 10,359 847,159 Procter & Gamble Co. (The)......................... 105,525 8,894,702 * Reliv International, Inc........................... 4,579 5,541 * Revlon, Inc. Class A............................... 13,564 444,085 Reynolds American, Inc............................. 11,374 772,863 * Rite Aid Corp...................................... 87,461 610,478 Rocky Mountain Chocolate Factory, Inc.............. 5,450 73,847 # Sanderson Farms, Inc............................... 33,556 2,683,138 * Seaboard Corp...................................... 535 2,046,370 * Seneca Foods Corp. Class A......................... 10,336 267,496 * Seneca Foods Corp. Class B......................... 1,251 44,104 # Snyder's-Lance, Inc................................ 68,573 1,994,789 SpartanNash Co..................................... 54,370 1,400,571 Spectrum Brands Holdings, Inc...................... 52,744 4,730,082 #* Sprouts Farmers Market, Inc........................ 3,191 116,184 #* SUPERVALU, Inc..................................... 90,378 880,282 * Tofutti Brands, Inc................................ 799 4,235 # Tootsie Roll Industries, Inc....................... 22,573 704,052 * TreeHouse Foods, Inc............................... 33,395 3,028,926 Tyson Foods, Inc. Class A.......................... 147,966 5,776,593 #* United Natural Foods, Inc.......................... 20,634 1,594,596 # United-Guardian, Inc............................... 1,872 40,061 # Universal Corp..................................... 28,210 1,132,914 #* USANA Health Sciences, Inc......................... 9,355 917,164 # Vector Group, Ltd.................................. 21,749 486,743 Village Super Market, Inc. Class A................. 7,226 209,337 Wal-Mart Stores, Inc............................... 102,008 8,668,640 Walgreens Boots Alliance, Inc...................... 34,175 2,520,406 WD-40 Co........................................... 7,242 594,279 Weis Markets, Inc.................................. 26,174 1,199,554 * WhiteWave Foods Co. (The) Class A.................. 63,814 2,103,948 Whole Foods Market, Inc............................ 32,477 1,691,889 ------------ Total Consumer Staples................................. 157,270,579 ------------ Energy -- (8.2%) #* Abraxas Petroleum Corp............................. 18,724 55,423 Adams Resources & Energy, Inc...................... 4,701 272,846 # Alon USA Energy, Inc............................... 98,248 1,186,836 #* Alpha Natural Resources, Inc....................... 255,873 266,108 Anadarko Petroleum Corp............................ 101,085 8,263,699 186 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) Apache Corp........................................ 63,288 $ 3,959,930 #* Approach Resources, Inc............................ 28,368 177,867 # Arch Coal, Inc..................................... 229,682 212,984 # Atwood Oceanics, Inc............................... 73,256 2,093,656 Baker Hughes, Inc.................................. 55,395 3,212,356 * Barnwell Industries, Inc........................... 7,497 21,554 #* Basic Energy Services, Inc......................... 55,748 327,798 #* Bill Barrett Corp.................................. 64,057 653,381 #* Bonanza Creek Energy, Inc.......................... 59,758 1,558,489 # Bristow Group, Inc................................. 41,007 2,284,500 #* C&J Energy Services, Inc........................... 66,082 680,645 Cabot Oil & Gas Corp............................... 53,956 1,429,834 #* California Resources Corp.......................... 62,112 318,013 * Callon Petroleum Co................................ 73,987 403,229 * Cameron International Corp......................... 31,432 1,407,525 # CARBO Ceramics, Inc................................ 4,831 158,360 * Carrizo Oil & Gas, Inc............................. 58,365 2,632,261 * Cheniere Energy, Inc............................... 7,686 548,627 # Chesapeake Energy Corp............................. 444,198 8,519,718 Chevron Corp....................................... 304,598 31,230,433 Cimarex Energy Co.................................. 40,562 4,185,998 #* Clayton Williams Energy, Inc....................... 14,501 810,606 #* Clean Energy Fuels Corp............................ 52,155 217,486 #* Cloud Peak Energy, Inc............................. 78,591 533,633 #* Cobalt International Energy, Inc................... 10,413 94,967 # Comstock Resources, Inc............................ 53,195 214,908 * Concho Resources, Inc.............................. 14,845 1,645,568 ConocoPhillips..................................... 228,045 14,362,274 # CONSOL Energy, Inc................................. 51,642 1,495,036 * Contango Oil & Gas Co.............................. 23,376 702,916 #* Continental Resources, Inc......................... 1,090 49,486 # CVR Energy, Inc.................................... 13,519 518,048 Dawson Geophysical Co.............................. 8,719 94,078 Delek US Holdings, Inc............................. 86,182 2,658,715 # Denbury Resources, Inc............................. 317,378 2,189,908 Devon Energy Corp.................................. 60,023 3,617,586 DHT Holdings, Inc.................................. 11,674 85,804 # Diamond Offshore Drilling, Inc..................... 68,075 2,146,405 * Diamondback Energy, Inc............................ 5,646 389,518 * Dresser-Rand Group, Inc............................ 10,800 864,864 * Dril-Quip, Inc..................................... 7,700 571,571 #* Emerald Oil, Inc................................... 67,295 55,384 Energen Corp....................................... 6,952 440,896 # Energy XXI, Ltd.................................... 58,477 171,922 * ENGlobal Corp...................................... 25,261 45,470 EnLink Midstream LLC............................... 43,109 1,363,969 EOG Resources, Inc................................. 52,945 4,713,693 * Era Group, Inc..................................... 26,240 590,925 * Escalera Resources Co.............................. 10,474 4,618 Evolution Petroleum Corp........................... 11,083 81,460 Exterran Holdings, Inc............................. 74,370 2,016,171 Exxon Mobil Corp................................... 436,562 38,164,250 * FieldPoint Petroleum Corp.......................... 3,945 7,140 187 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) * FMC Technologies, Inc.............................. 22,423 $ 840,414 * Forum Energy Technologies, Inc..................... 18,171 280,742 # GasLog, Ltd........................................ 57,414 1,004,171 * Gastar Exploration, Inc............................ 101,670 237,908 #* Geospace Technologies Corp......................... 7,312 175,342 # Green Plains, Inc.................................. 46,043 1,077,867 * Gulf Coast Ultra Deep Royalty Trust................ 36,391 38,938 Gulf Island Fabrication, Inc....................... 16,524 273,803 # Gulfmark Offshore, Inc. Class A.................... 31,656 624,573 * Gulfport Energy Corp............................... 17,322 666,724 #* Halcon Resources Corp.............................. 58,332 81,665 Halliburton Co..................................... 34,942 1,397,331 * Harvest Natural Resources, Inc..................... 42,786 26,840 * Helix Energy Solutions Group, Inc.................. 155,627 2,921,119 # Helmerich & Payne, Inc............................. 29,941 1,783,286 #* Hercules Offshore, Inc............................. 172,813 124,425 Hess Corp.......................................... 50,181 3,386,716 * HKN, Inc........................................... 308 16,476 HollyFrontier Corp................................. 114,181 4,101,382 #* Hornbeck Offshore Services, Inc.................... 46,873 1,040,581 #* ION Geophysical Corp............................... 175,511 394,900 * Key Energy Services, Inc........................... 197,908 332,485 # Kinder Morgan, Inc................................. 96,846 3,975,528 * Kosmos Energy, Ltd................................. 22,852 200,412 #* Laredo Petroleum Holdings, Inc..................... 41,633 408,420 # LinnCo LLC......................................... 101,050 1,043,846 Marathon Oil Corp.................................. 194,277 5,167,768 Marathon Petroleum Corp............................ 38,015 3,519,809 #* Matador Resources Co............................... 72,206 1,556,761 * Matrix Service Co.................................. 32,727 628,358 #* McDermott International, Inc....................... 154,605 347,861 * Mexco Energy Corp.................................. 1,236 5,729 #* Miller Energy Resources, Inc....................... 736 861 * Mitcham Industries, Inc............................ 13,274 74,467 Murphy Oil Corp.................................... 37,875 1,700,966 Nabors Industries, Ltd............................. 231,625 2,666,004 National Oilwell Varco, Inc........................ 72,627 3,953,088 * Natural Gas Services Group, Inc.................... 16,142 325,907 * Newfield Exploration Co............................ 171,182 5,097,800 * Newpark Resources, Inc............................. 127,483 1,101,453 # Noble Corp. P.L.C.................................. 138,773 2,250,898 Noble Energy, Inc.................................. 24,666 1,177,555 #* Nordic American Offshore, Ltd...................... 239 2,689 # Nordic American Tankers, Ltd....................... 27,665 279,970 #* Northern Oil and Gas, Inc.......................... 78,652 493,935 #* Nuverra Environmental Solutions, Inc............... 18,072 40,301 #* Oasis Petroleum, Inc............................... 62,767 843,588 Occidental Petroleum Corp.......................... 155,281 12,422,480 Oceaneering International, Inc..................... 9,544 499,724 * Oil States International, Inc...................... 34,759 1,427,552 ONEOK, Inc......................................... 3,014 132,706 #* Overseas Shipholding Group, Inc.................... 31,761 161,981 #* Pacific Drilling SA................................ 19,891 66,237 188 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) # Panhandle Oil and Gas, Inc. Class A................ 27,323 $ 572,144 # Paragon Offshore P.L.C............................. 46,257 96,677 * Parker Drilling Co................................. 144,626 391,936 Patterson-UTI Energy, Inc.......................... 164,826 2,828,414 # PBF Energy, Inc. Class A........................... 79,402 2,231,196 * PDC Energy, Inc.................................... 41,639 1,912,896 # Peabody Energy Corp................................ 176,843 1,101,732 #* Penn Virginia Corp................................. 92,192 449,897 * PetroQuest Energy, Inc............................. 126,486 370,604 #* PHI, Inc. Non-Voting............................... 16,464 563,233 * PHI, Inc. Voting................................... 1,053 36,097 Phillips 66........................................ 55,644 3,912,886 * Pioneer Energy Services Corp....................... 74,145 306,960 Pioneer Natural Resources Co....................... 3,762 566,294 QEP Resources, Inc................................. 218,727 4,422,660 # Range Resources Corp............................... 10,900 504,343 #* Renewable Energy Group, Inc........................ 50,865 444,560 #* REX American Resources Corp........................ 9,639 535,061 #* Rex Energy Corp.................................... 70,533 249,687 #* RigNet, Inc........................................ 8,275 283,170 #* Rosetta Resources, Inc............................. 68,128 1,162,945 # Rowan Cos. P.L.C. Class A.......................... 113,077 2,388,186 #* Royale Energy, Inc................................. 3,000 5,310 # RPC, Inc........................................... 72,669 906,182 #* Sanchez Energy Corp................................ 8,150 90,791 #* SandRidge Energy, Inc.............................. 394,394 556,096 Schlumberger, Ltd.................................. 53,868 4,438,184 # Scorpio Tankers, Inc............................... 239,748 1,886,817 #* SEACOR Holdings, Inc............................... 30,177 2,171,235 SemGroup Corp. Class A............................. 39,273 2,644,251 #* Seventy Seven Energy, Inc.......................... 34,108 134,727 # Ship Finance International, Ltd.................... 102,242 1,420,141 SM Energy Co....................................... 47,555 1,798,530 #* Southwestern Energy Co............................. 76,257 1,890,411 Spectra Energy Corp................................ 1,600 53,504 * Steel Excel, Inc................................... 11,536 276,172 #* Stone Energy Corp.................................. 72,494 1,020,716 Superior Energy Services, Inc...................... 178,906 3,578,120 #* Swift Energy Co.................................... 45,809 97,573 #* Synergy Resources Corp............................. 50,755 620,734 #* Synthesis Energy Systems, Inc...................... 44,676 31,586 Targa Resources Corp............................... 4,003 347,580 # Teekay Corp........................................ 29,140 1,233,496 # Tesco Corp......................................... 57,230 586,035 Tesoro Corp........................................ 131,157 10,719,462 * TETRA Technologies, Inc............................ 102,620 506,943 #* TGC Industries, Inc................................ 20,067 40,134 # Tidewater, Inc..................................... 64,165 1,877,468 # Transocean, Ltd.................................... 145,061 2,364,494 #* Triangle Petroleum Corp............................ 111,163 583,606 #* Ultra Petroleum Corp............................... 9,559 121,877 * Unit Corp.......................................... 63,923 1,903,627 #* Uranium Energy Corp................................ 22,116 28,087 189 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) # US Silica Holdings, Inc............................ 15,565 $ 392,238 * Vaalco Energy, Inc................................. 107,587 596,032 Valero Energy Corp................................. 100,593 5,319,358 # W&T Offshore, Inc.................................. 95,335 482,395 #* Warren Resources, Inc.............................. 103,068 108,221 * Weatherford International P.L.C.................... 282,541 2,918,649 Western Refining, Inc.............................. 94,206 3,497,869 * Westmoreland Coal Co............................... 9,158 238,841 * Whiting Petroleum Corp............................. 81,882 2,458,098 * Willbros Group, Inc................................ 76,784 428,455 Williams Cos., Inc. (The).......................... 21,384 937,902 World Fuel Services Corp........................... 31,102 1,523,065 * WPX Energy, Inc.................................... 191,578 2,042,221 * Yuma Energy, Inc................................... 3,478 5,773 ------------ Total Energy........................................... 319,598,271 ------------ Financials -- (20.2%) * 1st Constitution Bancorp........................... 2,517 27,687 1st Source Corp.................................... 29,912 889,284 # Access National Corp............................... 8,706 155,489 ACE, Ltd........................................... 40,735 4,397,751 * Affiliated Managers Group, Inc..................... 4,661 957,929 Aflac, Inc......................................... 47,261 2,697,658 Alexander & Baldwin, Inc........................... 83,265 3,185,719 * Alleghany Corp..................................... 7,698 3,403,209 Alliance Bancorp, Inc. of Pennsylvania............. 3,932 68,653 Allied World Assurance Co. Holdings AG............. 102,408 3,960,117 Allstate Corp. (The)............................... 86,740 6,053,585 #* Altisource Asset Management Corp................... 1,120 179,200 #* Altisource Portfolio Solutions SA.................. 11,202 227,177 * Ambac Financial Group, Inc......................... 23,956 585,724 American Equity Investment Life Holding Co......... 124,140 3,166,811 American Express Co................................ 9,290 749,610 American Financial Group, Inc...................... 113,571 6,591,661 * American Independence Corp......................... 610 6,765 American International Group, Inc.................. 128,798 6,294,358 # American National Bankshares, Inc.................. 5,991 128,926 American National Insurance Co..................... 22,280 2,318,011 * American River Bankshares.......................... 4,649 45,932 o* American Spectrum Realty, Inc...................... 400 252 Ameriprise Financial, Inc.......................... 28,674 3,582,530 Ameris Bancorp..................................... 30,352 732,394 AMERISAFE, Inc..................................... 22,880 931,216 AmeriServ Financial, Inc........................... 17,822 53,288 # Amtrust Financial Services, Inc.................... 62,289 3,153,069 Aon P.L.C.......................................... 16,979 1,528,959 * Arch Capital Group, Ltd............................ 64,673 3,749,094 Argo Group International Holdings, Ltd............. 34,824 1,862,736 Arrow Financial Corp............................... 13,368 341,820 Arthur J Gallagher & Co............................ 8,866 393,916 # Artisan Partners Asset Management, Inc. Class A.... 226 10,909 Aspen Insurance Holdings, Ltd...................... 77,486 3,356,694 # Associated Banc-Corp............................... 230,993 3,882,992 190 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Assurant, Inc...................................... 86,200 $ 5,474,562 Assured Guaranty, Ltd.............................. 185,850 4,538,457 * Asta Funding, Inc.................................. 12,881 109,360 Astoria Financial Corp............................. 163,220 1,996,181 Atlantic American Corp............................. 5,179 20,664 #* Atlantic Coast Financial Corp...................... 1,357 5,265 #* Atlanticus Holdings Corp........................... 19,831 50,767 Auburn National Bancorporation, Inc................ 1,260 29,610 * AV Homes, Inc...................................... 11,482 172,115 Axis Capital Holdings, Ltd......................... 95,920 4,882,328 Baldwin & Lyons, Inc. Class A...................... 1,285 30,390 Baldwin & Lyons, Inc. Class B...................... 10,961 253,199 Banc of California, Inc............................ 10,072 103,238 Bancfirst Corp..................................... 15,578 898,227 #* Bancorp, Inc. (The)................................ 40,873 348,238 # BancorpSouth, Inc.................................. 162,781 3,231,203 Bank Mutual Corp................................... 52,507 334,470 Bank of America Corp............................... 1,204,998 18,255,720 Bank of Commerce Holdings.......................... 5,615 32,006 # Bank of Hawaii Corp................................ 47,379 2,675,018 Bank of Kentucky Financial Corp (The).............. 4,629 205,713 Bank of New York Mellon Corp. (The)................ 128,445 4,624,020 # Bank of the Ozarks, Inc............................ 46,104 1,495,153 BankFinancial Corp................................. 23,259 263,059 BankUnited, Inc.................................... 61,074 1,689,307 Banner Corp........................................ 33,751 1,362,865 Bar Harbor Bankshares.............................. 5,551 170,416 BB&T Corp.......................................... 83,145 2,934,187 BBCN Bancorp, Inc.................................. 131,778 1,706,525 * BBX Capital Corp. Class A.......................... 6,124 86,593 BCB Bancorp, Inc................................... 7,110 82,547 * Bear State Financial, Inc.......................... 5,803 62,788 #* Beneficial Bancorp, Inc............................ 78,683 848,990 Berkshire Bancorp, Inc............................. 2,025 17,415 Berkshire Hills Bancorp, Inc....................... 30,835 767,792 BGC Partners, Inc. Class A......................... 267,423 2,093,922 BlackRock, Inc..................................... 8,103 2,759,153 BNC Bancorp........................................ 214 3,420 #* BofI Holding, Inc.................................. 15,085 1,272,571 # BOK Financial Corp................................. 33,695 1,823,236 Boston Private Financial Holdings, Inc............. 129,369 1,423,059 # Bridge Bancorp, Inc................................ 4,016 99,115 * Bridge Capital Holdings............................ 7,047 153,977 Brookline Bancorp, Inc............................. 117,451 1,127,530 Brown & Brown, Inc................................. 76,628 2,363,974 Bryn Mawr Bank Corp................................ 13,673 398,568 C&F Financial Corp................................. 1,936 68,321 Calamos Asset Management, Inc. Class A............. 22,334 280,292 California First National Bancorp.................. 6,388 88,154 # Camden National Corp............................... 8,426 313,110 # Cape Bancorp, Inc.................................. 4,109 35,461 * Capital Bank Financial Corp. Class A............... 6,058 147,936 Capital City Bank Group, Inc....................... 16,811 252,165 191 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Capital One Financial Corp......................... 70,527 $ 5,163,282 * Capital Properties, Inc. Class A................... 308 3,576 Capitol Federal Financial, Inc..................... 220,219 2,743,929 Cardinal Financial Corp............................ 44,880 799,313 * Carolina Bank Holdings, Inc........................ 1,000 9,800 * Cascade Bancorp.................................... 29,399 135,823 # Cash America International, Inc.................... 44,341 922,293 Cathay General Bancorp............................. 140,227 3,350,023 CBOE Holdings, Inc................................. 11,536 743,726 * CBRE Group, Inc. Class A........................... 27,043 874,571 Centerstate Banks, Inc............................. 35,770 393,828 # Central Pacific Financial Corp..................... 12,471 261,642 Century Bancorp, Inc. Class A...................... 2,971 115,215 Charles Schwab Corp. (The)......................... 22,812 592,656 # Charter Financial Corp............................. 303 3,394 Chemical Financial Corp............................ 38,847 1,101,701 Chicopee Bancorp, Inc.............................. 5,278 86,876 Chubb Corp. (The).................................. 29,808 2,918,203 # Cincinnati Financial Corp.......................... 74,978 3,787,139 CIT Group, Inc..................................... 87,768 3,845,994 Citigroup, Inc..................................... 374,753 17,594,653 Citizens Community Bancorp, Inc.................... 3,663 33,388 * Citizens First Corp................................ 1,000 12,470 Citizens Holding Co................................ 2,106 39,214 #* Citizens, Inc...................................... 50,350 363,527 # City Holding Co.................................... 19,563 828,102 City National Corp................................. 46,156 4,001,264 CKX Lands, Inc..................................... 1,400 21,084 Clifton Bancorp, Inc............................... 27,322 362,290 CME Group, Inc..................................... 38,860 3,314,758 CNA Financial Corp................................. 45,844 1,786,082 # CNB Financial Corp................................. 8,460 143,820 CNO Financial Group, Inc........................... 264,496 4,104,978 CoBiz Financial, Inc............................... 46,003 501,433 Codorus Valley Bancorp, Inc........................ 2,125 42,649 # Cohen & Steers, Inc................................ 5,916 248,945 * Colonial Financial Services, Inc................... 2,714 35,974 * Colony Bankcorp, Inc............................... 3,099 23,119 Columbia Banking System, Inc....................... 79,715 2,027,152 Comerica, Inc...................................... 83,580 3,468,570 # Commerce Bancshares, Inc........................... 47,465 1,898,600 Commercial National Financial Corp................. 1,413 31,298 Community Bank Shares of Indiana, Inc.............. 255 6,890 # Community Bank System, Inc......................... 61,428 2,065,824 * Community Bankers Trust Corp....................... 1,472 6,418 # Community Trust Bancorp, Inc....................... 22,510 710,866 Community West Bancshares.......................... 2,000 13,500 * CommunityOne Bancorp............................... 1 10 ConnectOne Bancorp, Inc............................ 18,047 332,065 # Consolidated-Tomoka Land Co........................ 7,627 416,053 * Consumer Portfolio Services, Inc................... 13,992 78,355 * Cowen Group, Inc. Class A.......................... 109,650 456,144 Crawford & Co. Class A............................. 30,901 239,483 192 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # Crawford & Co. Class B............................. 14,955 $ 139,829 #* Credit Acceptance Corp............................. 12,904 2,034,187 Cullen/Frost Bankers, Inc.......................... 51,172 3,188,016 #* Customers Bancorp, Inc............................. 5,786 113,695 # CVB Financial Corp................................. 107,602 1,572,065 # Diamond Hill Investment Group, Inc................. 900 117,054 Dime Community Bancshares, Inc..................... 59,297 875,224 Discover Financial Services........................ 38,187 2,076,609 # Donegal Group, Inc. Class A........................ 22,291 356,433 Donegal Group, Inc. Class B........................ 3,821 89,125 #* Doral Financial Corp............................... 782 2,252 * E*TRADE Financial Corp............................. 140,013 3,227,300 Eagle Bancorp Montana, Inc......................... 514 5,623 * Eagle Bancorp, Inc................................. 1,400 47,880 East West Bancorp, Inc............................. 113,028 4,089,353 * Eastern Virginia Bankshares, Inc................... 3,468 21,675 # Eaton Vance Corp................................... 14,275 574,569 #* eHealth, Inc....................................... 15,901 162,826 EMC Insurance Group, Inc........................... 12,475 402,444 Employers Holdings, Inc............................ 41,765 868,712 #* Encore Capital Group, Inc.......................... 31,420 1,169,452 Endurance Specialty Holdings, Ltd.................. 74,333 4,543,233 * Enova International, Inc........................... 40,571 780,992 * Enstar Group, Ltd.................................. 15,901 2,146,158 # Enterprise Bancorp, Inc............................ 5,554 113,579 Enterprise Financial Services Corp................. 19,979 381,799 Erie Indemnity Co. Class A......................... 10,447 905,337 # ESB Financial Corp................................. 15,721 262,698 ESSA Bancorp, Inc.................................. 12,521 152,130 Evans Bancorp, Inc................................. 2,412 57,044 # EverBank Financial Corp............................ 22,346 389,938 Evercore Partners, Inc. Class A.................... 17,587 841,890 Everest Re Group, Ltd.............................. 26,993 4,626,060 #* Ezcorp, Inc. Class A............................... 62,875 648,241 * Farmers Capital Bank Corp.......................... 5,719 127,762 FBL Financial Group, Inc. Class A.................. 32,494 1,695,862 Federal Agricultural Mortgage Corp. Class A........ 987 22,454 Federal Agricultural Mortgage Corp. Class C........ 10,912 300,626 # Federated Investors, Inc. Class B.................. 13,772 435,333 Federated National Holding Co...................... 20,896 608,283 Fidelity Southern Corp............................. 9,677 147,961 Fifth Third Bancorp................................ 471,589 8,158,490 # Financial Engines, Inc............................. 337 12,098 Financial Institutions, Inc........................ 15,696 345,783 * First Acceptance Corp.............................. 27,407 63,858 # First American Financial Corp...................... 102,745 3,495,385 # First Bancorp, Inc................................. 9,162 151,906 First Bancorp.(318910106).......................... 15,597 258,910 * First BanCorp.(318672706).......................... 96,739 531,097 * First Bancshares, Inc.............................. 700 4,928 First Bancshares, Inc. (The)....................... 222 3,097 # First Busey Corp................................... 96,981 597,403 First Business Financial Services, Inc............. 2,134 93,405 193 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) * First Cash Financial Services, Inc................. 23,904 $1,188,507 First Citizens BancShares, Inc. Class A............ 9,598 2,342,392 # First Commonwealth Financial Corp.................. 162,726 1,283,908 First Community Bancshares, Inc.................... 16,947 265,898 First Defiance Financial Corp...................... 10,454 318,429 First Federal of Northern Michigan Bancorp, Inc.... 800 4,664 First Financial Bancorp............................ 78,085 1,289,964 # First Financial Bankshares, Inc.................... 35,508 877,048 First Financial Corp............................... 15,511 502,712 First Financial Northwest, Inc..................... 17,156 205,700 # First Horizon National Corp........................ 332,110 4,314,109 First Interstate Bancsystem, Inc................... 25,964 620,540 #* First Marblehead Corp. (The)....................... 1,466 8,517 First Merchants Corp............................... 46,316 1,011,541 First Midwest Bancorp, Inc......................... 124,155 1,911,987 * First NBC Bank Holding Co.......................... 4,818 149,165 First Niagara Financial Group, Inc................. 377,295 3,063,635 o* First Place Financial Corp......................... 10,608 1 First Republic Bank................................ 8,640 439,949 First South Bancorp, Inc........................... 7,807 62,066 * First United Corp.................................. 3,697 31,388 # First West Virginia Bancorp........................ 796 17,456 FirstMerit Corp.................................... 141,535 2,319,051 * Flagstar Bancorp, Inc.............................. 11,109 157,859 Flushing Financial Corp............................ 45,120 816,672 # FNB Corp........................................... 264,146 3,169,752 FNF Group.......................................... 190,265 6,678,301 * FNFV Group......................................... 63,414 786,334 * Forest City Enterprises, Inc. Class A.............. 77,840 1,907,080 * Forest City Enterprises, Inc. Class B.............. 8,417 206,385 #* Forestar Group, Inc................................ 47,689 632,833 Fox Chase Bancorp, Inc............................. 19,210 311,970 Franklin Resources, Inc............................ 10,401 535,964 #* FRP Holdings, Inc.................................. 7,762 280,984 Fulton Financial Corp.............................. 310,023 3,456,756 # FXCM, Inc. Class A................................. 36,999 81,398 # Gain Capital Holdings, Inc......................... 9,041 73,684 * GAINSCO, Inc....................................... 1,497 15,599 GAMCO Investors, Inc. Class A...................... 3,733 304,799 * Genworth Financial, Inc. Class A................... 224,077 1,564,057 German American Bancorp, Inc....................... 12,054 337,512 GFI Group, Inc..................................... 131,667 738,652 Glacier Bancorp, Inc............................... 71,411 1,590,323 * Global Indemnity P.L.C............................. 16,912 443,771 Goldman Sachs Group, Inc. (The).................... 52,050 8,973,940 # Great Southern Bancorp, Inc........................ 14,373 519,153 * Green Dot Corp. Class A............................ 36,518 556,900 # Greenhill & Co., Inc............................... 4,528 166,993 * Greenlight Capital Re, Ltd. Class A................ 44,716 1,404,530 Griffin Land & Nurseries, Inc...................... 4,473 132,580 Guaranty Bancorp................................... 3,867 51,740 Guaranty Federal Bancshares, Inc................... 1,886 27,819 * Hallmark Financial Services, Inc................... 24,580 271,363 194 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Hampden Bancorp, Inc............................... 4,725 $ 94,925 #* Hampton Roads Bankshares, Inc...................... 520 842 Hancock Holding Co................................. 87,451 2,283,346 Hanmi Financial Corp............................... 49,523 983,527 Hanover Insurance Group, Inc. (The)................ 77,565 5,351,985 Harleysville Savings Financial Corp................ 2,920 51,976 Hartford Financial Services Group, Inc. (The)...... 257,997 10,036,083 Hawthorn Bancshares, Inc........................... 2,201 31,320 HCC Insurance Holdings, Inc........................ 99,330 5,298,262 # HCI Group, Inc..................................... 21,984 1,015,881 Heartland Financial USA, Inc....................... 16,865 465,811 Heritage Commerce Corp............................. 21,259 177,725 Heritage Financial Corp............................ 28,524 442,692 Heritage Financial Group, Inc...................... 5,663 135,742 HF Financial Corp.................................. 4,200 60,522 HFF, Inc. Class A.................................. 17,098 580,819 * Hilltop Holdings, Inc.............................. 109,018 1,978,677 Hingham Institution for Savings.................... 872 76,736 * HMN Financial, Inc................................. 1,450 17,748 Home Bancorp, Inc.................................. 7,010 153,379 Home BancShares, Inc............................... 50,522 1,496,462 * HomeTrust Bancshares, Inc.......................... 1,712 26,450 HopFed Bancorp, Inc................................ 2,207 29,154 Horace Mann Educators Corp......................... 54,622 1,664,332 # Horizon Bancorp.................................... 5,960 133,385 * Howard Hughes Corp. (The).......................... 14,082 1,839,532 Hudson City Bancorp, Inc........................... 253,527 2,274,137 # Hudson Valley Holding Corp......................... 17,863 440,680 Huntington Bancshares, Inc......................... 486,672 4,876,453 Iberiabank Corp.................................... 52,089 2,844,580 # Independence Holding Co............................ 15,010 190,777 Independent Bank Corp.(453836108).................. 35,915 1,358,664 Independent Bank Corp.(453838609).................. 7,338 90,257 # Independent Bank Group, Inc........................ 1,894 59,112 Infinity Property & Casualty Corp.................. 12,729 894,467 Interactive Brokers Group, Inc. Class A............ 88,790 2,719,638 Intercontinental Exchange, Inc..................... 6,864 1,412,131 #* InterGroup Corp. (The)............................. 235 4,249 International Bancshares Corp...................... 81,105 1,825,674 Intervest Bancshares Corp. Class A................. 18,510 182,324 #* INTL. FCStone, Inc................................. 22,231 428,614 Invesco, Ltd....................................... 67,533 2,480,487 * Investment Technology Group, Inc................... 55,269 1,146,832 # Investors Bancorp, Inc............................. 308,848 3,400,416 # Investors Title Co................................. 1,606 115,214 # Janus Capital Group, Inc........................... 87,711 1,538,451 JMP Group, Inc..................................... 23,032 175,734 Jones Lang LaSalle, Inc............................ 18,950 2,787,166 JPMorgan Chase & Co................................ 438,800 23,861,944 * KCG Holdings, Inc. Class A......................... 52,874 646,649 #* Kearny Financial Corp.............................. 57,758 750,854 Kemper Corp........................................ 89,106 3,110,690 Kennedy-Wilson Holdings, Inc....................... 29,570 786,266 195 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Kentucky First Federal Bancorp..................... 2,320 $ 19,070 KeyCorp............................................ 391,336 5,083,455 #* Ladenburg Thalmann Financial Services, Inc......... 33,145 126,282 Lake Shore Bancorp, Inc............................ 339 4,449 Lakeland Bancorp, Inc.............................. 38,547 415,922 Lakeland Financial Corp............................ 21,673 817,939 Landmark Bancorp, Inc.............................. 2,106 44,226 LegacyTexas Financial Group, Inc................... 40,834 809,330 Legg Mason, Inc.................................... 96,495 5,349,683 * LendingTree, Inc................................... 9,403 387,216 Leucadia National Corp............................. 164,977 3,740,029 Lincoln National Corp.............................. 118,951 5,945,171 LNB Bancorp, Inc................................... 9,079 157,975 Loews Corp......................................... 111,774 4,276,473 Louisiana Bancorp, Inc............................. 3,003 64,144 # LPL Financial Holdings, Inc........................ 18,452 759,300 # M&T Bank Corp...................................... 59,225 6,701,901 # Macatawa Bank Corp................................. 31,196 164,403 * Magyar Bancorp, Inc................................ 1,971 16,359 # Maiden Holdings, Ltd............................... 104,261 1,303,262 MainSource Financial Group, Inc.................... 20,695 397,344 * Malvern Bancorp, Inc............................... 241 2,880 Manning & Napier, Inc.............................. 5,245 56,174 * Markel Corp........................................ 7,917 5,410,161 MarketAxess Holdings, Inc.......................... 25,322 1,923,712 Marlin Business Services Corp...................... 15,362 246,560 Marsh & McLennan Cos., Inc......................... 17,700 951,729 #* Maui Land & Pineapple Co., Inc..................... 4,186 26,414 MB Financial, Inc.................................. 107,019 3,040,410 * MBIA, Inc.......................................... 239,343 1,919,531 * MBT Financial Corp................................. 11,054 56,707 # Meadowbrook Insurance Group, Inc................... 85,843 712,497 Mercantile Bank Corp............................... 13,932 264,708 Merchants Bancshares, Inc.......................... 7,187 192,396 Mercury General Corp............................... 49,954 2,854,871 * Meridian Bancorp, Inc.............................. 43,495 504,977 Meta Financial Group, Inc.......................... 2,741 91,741 MetLife, Inc....................................... 108,351 5,038,321 * Metro Bancorp, Inc................................. 16,325 415,635 #* MGIC Investment Corp............................... 70,927 604,298 Mid Penn Bancorp, Inc.............................. 778 12,059 # MidSouth Bancorp, Inc.............................. 10,075 140,446 MidWestOne Financial Group, Inc.................... 6,846 191,825 # Montpelier Re Holdings, Ltd........................ 54,538 1,915,920 Morgan Stanley..................................... 177,932 6,015,881 * MSB Financial Corp................................. 600 6,342 MSCI, Inc.......................................... 28,946 1,557,874 MutualFirst Financial, Inc......................... 5,151 112,755 NASDAQ OMX Group, Inc. (The)....................... 91,090 4,153,704 National Bank Holdings Corp. Class A............... 8,791 162,194 # National Interstate Corp........................... 23,251 599,178 National Penn Bancshares, Inc...................... 235,766 2,286,930 National Security Group, Inc. (The)................ 419 5,552 196 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) National Western Life Insurance Co. Class A........ 2,337 $ 557,117 #* Nationstar Mortgage Holdings, Inc.................. 3,026 77,798 * Naugatuck Valley Financial Corp.................... 989 8,575 Navient Corp....................................... 100,491 1,983,692 * Navigators Group, Inc. (The)....................... 18,411 1,366,464 # NBT Bancorp, Inc................................... 46,953 1,080,389 Nelnet, Inc. Class A............................... 50,538 2,210,532 New Hampshire Thrift Bancshares, Inc............... 4,833 73,317 # New York Community Bancorp, Inc.................... 206,831 3,195,539 * NewBridge Bancorp.................................. 12,686 99,458 * NewStar Financial, Inc............................. 49,671 525,022 * Nicholas Financial, Inc............................ 3,515 50,018 Northeast Bancorp.................................. 118 1,061 Northeast Community Bancorp, Inc................... 9,104 63,182 Northern Trust Corp................................ 20,870 1,364,481 # Northfield Bancorp, Inc............................ 67,033 965,275 Northrim BanCorp, Inc.............................. 6,399 132,651 NorthStar Asset Management Group, Inc.............. 507 10,733 Northwest Bancshares, Inc.......................... 156,661 1,848,600 # Norwood Financial Corp............................. 1,641 49,132 # Ocean Shore Holding Co............................. 6,104 86,250 OceanFirst Financial Corp.......................... 19,770 320,274 #* Ocwen Financial Corp............................... 26,977 165,099 # OFG Bancorp........................................ 81,037 1,304,696 Ohio Valley Banc Corp.............................. 2,002 48,048 Old Line Bancshares, Inc........................... 1,957 28,259 Old National Bancorp............................... 171,383 2,298,246 Old Republic International Corp.................... 242,918 3,410,569 * Old Second Bancorp, Inc............................ 11,059 60,161 OneBeacon Insurance Group, Ltd. Class A............ 34,622 547,374 Oppenheimer Holdings, Inc. Class A................. 8,275 163,431 Oritani Financial Corp............................. 70,654 996,928 Pacific Continental Corp........................... 17,807 225,080 * Pacific Mercantile Bancorp......................... 9,408 64,445 * Pacific Premier Bancorp, Inc....................... 4,508 66,989 PacWest Bancorp.................................... 125,913 5,383,410 # Park National Corp................................. 14,100 1,133,781 Park Sterling Corp................................. 21,825 146,228 PartnerRe, Ltd..................................... 50,223 5,745,511 #* Patriot National Bancorp, Inc...................... 1,500 2,580 # Peapack Gladstone Financial Corp................... 11,948 213,033 # Penns Woods Bancorp, Inc........................... 4,255 188,965 * PennyMac Financial Services, Inc. Class A.......... 1,272 22,921 # People's United Financial, Inc..................... 273,770 3,851,944 Peoples Bancorp.................................... 1,337 32,422 Peoples Bancorp of North Carolina, Inc............. 3,297 59,445 Peoples Bancorp, Inc............................... 11,426 261,084 * PHH Corp........................................... 58,457 1,457,918 * Phoenix Cos., Inc. (The)........................... 6,427 398,667 * PICO Holdings, Inc................................. 30,924 494,475 Pinnacle Financial Partners, Inc................... 39,217 1,409,459 * Piper Jaffray Cos.................................. 20,441 1,043,513 Platinum Underwriters Holdings, Ltd................ 39,027 2,881,363 197 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) PNC Financial Services Group, Inc. (The)........... 61,706 $5,216,625 * Popular, Inc....................................... 88,815 2,738,166 #* PRA Group, Inc..................................... 42,410 2,100,143 Preferred Bank..................................... 4,326 112,952 Premier Financial Bancorp, Inc..................... 6,434 95,416 Primerica, Inc..................................... 71,138 3,531,290 Principal Financial Group, Inc..................... 157,281 7,381,197 PrivateBancorp, Inc................................ 84,580 2,566,157 ProAssurance Corp.................................. 67,820 3,009,173 Progressive Corp. (The)............................ 93,236 2,419,474 Prosperity Bancshares, Inc......................... 62,864 2,878,543 Protective Life Corp............................... 77,513 5,422,034 Provident Financial Holdings, Inc.................. 9,638 149,582 Provident Financial Services, Inc.................. 84,980 1,475,253 Prudential Bancorp, Inc............................ 5,096 62,018 Prudential Financial, Inc.......................... 53,496 4,059,276 * PSB Holdings, Inc.................................. 3,252 24,520 Pulaski Financial Corp............................. 10,937 130,150 # Pzena Investment Management, Inc. Class A.......... 5,045 41,016 QC Holdings, Inc................................... 12,392 21,004 QCR Holdings, Inc.................................. 309 5,438 # Radian Group, Inc.................................. 128,091 2,018,714 Raymond James Financial, Inc....................... 19,745 1,038,982 # RCS Capital Corp. Class A.......................... 3,475 32,769 * Realogy Holdings Corp.............................. 46,842 2,178,153 Regions Financial Corp............................. 613,306 5,335,762 Reinsurance Group of America, Inc.................. 62,346 5,162,872 # RenaissanceRe Holdings, Ltd........................ 48,343 4,623,041 Renasant Corp...................................... 39,602 1,035,988 Republic Bancorp, Inc. Class A..................... 20,236 461,178 * Republic First Bancorp, Inc........................ 20,713 71,046 # Resource America, Inc. Class A..................... 26,031 228,812 * Riverview Bancorp, Inc............................. 13,240 58,256 # RLI Corp........................................... 45,170 2,118,925 * Royal Bancshares of Pennsylvania, Inc. Class A..... 12,894 23,209 # S&T Bancorp, Inc................................... 34,986 961,765 #* Safeguard Scientifics, Inc......................... 32,184 589,933 Safety Insurance Group, Inc........................ 27,088 1,678,102 # Salisbury Bancorp, Inc............................. 856 23,369 Sandy Spring Bancorp, Inc.......................... 29,134 720,484 SB Financial Group, Inc............................ 3,194 30,694 * Seacoast Banking Corp. of Florida.................. 12,763 161,580 * Security National Financial Corp. Class A.......... 2,358 14,008 SEI Investments Co................................. 12,500 502,125 * Select Bancorp, Inc................................ 2,187 15,681 Selective Insurance Group, Inc..................... 63,607 1,642,333 * Shore Bancshares, Inc.............................. 6,118 56,592 SI Financial Group, Inc............................ 6,709 73,866 * Siebert Financial Corp............................. 9,393 16,720 Sierra Bancorp..................................... 11,952 189,320 * Signature Bank..................................... 20,513 2,402,688 Simmons First National Corp. Class A............... 23,870 893,215 Simplicity Bancorp, Inc............................ 9,310 163,763 198 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) SLM Corp........................................... 304,190 $2,771,171 South State Corp................................... 24,043 1,435,608 * Southcoast Financial Corp.......................... 5,735 43,013 * Southern First Bancshares, Inc..................... 2,825 49,438 Southern Missouri Bancorp, Inc..................... 1,465 54,205 # Southern National Bancorp of Virginia, Inc......... 712 7,939 # Southside Bancshares, Inc.......................... 26,581 725,661 Southwest Bancorp, Inc............................. 27,307 416,705 Southwest Georgia Financial Corp................... 1,854 25,715 #* St Joe Co. (The)................................... 39,684 641,293 StanCorp Financial Group, Inc...................... 68,384 4,242,543 State Auto Financial Corp.......................... 40,019 880,418 State Street Corp.................................. 49,732 3,556,335 Sterling Bancorp................................... 104,024 1,371,036 Stewart Information Services Corp.................. 34,980 1,252,284 * Stifel Financial Corp.............................. 68,092 3,210,538 # Stock Yards Bancorp, Inc........................... 15,322 471,918 * Stratus Properties, Inc............................ 6,580 88,698 Suffolk Bancorp.................................... 12,947 297,781 Summit State Bank.................................. 1,156 15,502 * Sun Bancorp, Inc................................... 10,488 191,930 SunTrust Banks, Inc................................ 59,577 2,288,948 Susquehanna Bancshares, Inc........................ 318,252 4,013,158 Sussex Bancorp..................................... 2,146 21,460 * SVB Financial Group................................ 34,761 3,924,517 Symetra Financial Corp............................. 126,943 2,578,212 Synovus Financial Corp............................. 148,262 3,820,712 T Rowe Price Group, Inc............................ 3,600 283,392 TCF Financial Corp................................. 266,969 3,924,444 TD Ameritrade Holding Corp......................... 41,454 1,342,695 * Tejon Ranch Co..................................... 17,861 439,738 Territorial Bancorp, Inc........................... 12,058 262,141 # Teton Advisors, Inc. Class A....................... 39 2,132 * Texas Capital Bancshares, Inc...................... 42,608 1,740,537 TFS Financial Corp................................. 60,670 850,593 Timberland Bancorp, Inc............................ 3,941 41,381 # Tompkins Financial Corp............................ 17,262 885,023 Torchmark Corp..................................... 22,860 1,144,600 # Towne Bank......................................... 25,265 366,595 Travelers Cos., Inc. (The)......................... 66,684 6,856,449 Trico Bancshares................................... 22,318 521,125 #* Trinity Place Holdings, Inc........................ 9,588 71,910 * TriState Capital Holdings, Inc..................... 896 8,476 # TrustCo Bank Corp.................................. 128,218 824,442 # Trustmark Corp..................................... 109,223 2,333,003 U.S. Bancorp....................................... 118,110 4,949,990 # UMB Financial Corp................................. 46,127 2,238,082 Umpqua Holdings Corp............................... 183,735 2,849,730 Union Bankshares Corp.............................. 56,590 1,131,800 # Union Bankshares, Inc.............................. 2,000 49,590 United Bancshares, Inc............................. 2,040 29,580 # United Bankshares, Inc............................. 92,393 3,123,807 United Community Bancorp........................... 993 11,767 199 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) United Community Banks, Inc........................ 61,425 $ 1,075,552 # United Community Financial Corp.................... 11,968 64,627 United Financial Bancorp, Inc...................... 69,314 862,266 United Fire Group, Inc............................. 29,011 810,567 * United Security Bancshares......................... 11,101 57,281 United Security Bancshares, Inc.................... 600 5,037 Unity Bancorp, Inc................................. 6,359 58,248 Universal Insurance Holdings, Inc.................. 83,507 1,939,868 Univest Corp. of Pennsylvania...................... 18,206 337,175 Unum Group......................................... 115,811 3,597,090 Validus Holdings, Ltd.............................. 105,899 4,198,895 # Valley National Bancorp............................ 92,220 837,358 Virtus Investment Partners, Inc.................... 5,803 787,061 Voya Financial, Inc................................ 70,930 2,766,979 # VSB Bancorp, Inc................................... 170 2,006 Waddell & Reed Financial, Inc. Class A............. 5,916 264,504 * Walker & Dunlop, Inc............................... 4,092 72,633 Washington Federal, Inc............................ 169,620 3,368,653 Washington Trust Bancorp, Inc...................... 17,883 654,875 # Waterstone Financial, Inc.......................... 34,410 436,319 Wayne Savings Bancshares, Inc...................... 1,684 22,330 Webster Financial Corp............................. 151,728 4,632,256 Wells Fargo & Co................................... 507,676 26,358,538 # WesBanco, Inc...................................... 34,247 1,033,574 # West Bancorporation, Inc........................... 17,389 284,484 # Westamerica Bancorporation......................... 16,680 678,542 * Western Alliance Bancorp........................... 81,523 2,095,956 Westfield Financial, Inc........................... 30,858 222,178 # Westwood Holdings Group, Inc....................... 4,920 290,231 White Mountains Insurance Group, Ltd............... 549 353,874 Willis Group Holdings P.L.C........................ 12,547 543,285 Wilshire Bancorp, Inc.............................. 134,815 1,226,817 Wintrust Financial Corp............................ 80,413 3,495,553 # WisdomTree Investments, Inc........................ 50,577 881,051 #* World Acceptance Corp.............................. 13,047 958,302 WR Berkley Corp.................................... 69,300 3,395,007 WSFS Financial Corp................................ 8,036 593,539 WVS Financial Corp................................. 1,627 18,434 XL Group P.L.C..................................... 137,506 4,742,582 * Yadkin Financial Corp.............................. 8,774 167,232 Zions Bancorporation............................... 176,285 4,223,789 ------------ Total Financials....................................... 783,779,204 ------------ Health Care -- (7.5%) # Abaxis, Inc........................................ 3,959 243,399 Abbott Laboratories................................ 52,410 2,345,872 #* Acadia Healthcare Co., Inc......................... 15,514 895,933 #* Accelerate Diagnostics, Inc........................ 2,491 53,556 #* Accuray, Inc....................................... 26,291 193,765 #* Acorda Therapeutics, Inc........................... 8,725 362,524 * Actavis P.L.C...................................... 12,249 3,264,848 #* Adcare Health Systems, Inc......................... 49 196 * Addus HomeCare Corp................................ 10,890 241,540 200 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) Aetna, Inc......................................... 47,160 $4,330,231 #* Affymetrix, Inc.................................... 94,048 1,038,290 Agilent Technologies, Inc.......................... 15,200 574,104 * Agios Pharmaceuticals, Inc......................... 481 55,758 #* Air Methods Corp................................... 30,597 1,271,305 #* Akorn, Inc......................................... 38,183 1,625,832 #* Albany Molecular Research, Inc..................... 35,314 576,678 * Alere, Inc......................................... 90,727 3,691,682 * Alexion Pharmaceuticals, Inc....................... 10,000 1,832,400 * Align Technology, Inc.............................. 13,755 729,703 #* Alkermes P.L.C..................................... 9,386 678,138 #* Alliance HealthCare Services, Inc.................. 5,402 121,761 * Allied Healthcare Products, Inc.................... 4,920 7,675 #* Allscripts Healthcare Solutions, Inc............... 169,936 2,023,938 * Almost Family, Inc................................. 11,767 357,246 #* Alnylam Pharmaceuticals, Inc....................... 7,135 669,477 * Alphatec Holdings, Inc............................. 91,449 117,055 #* AMAG Pharmaceuticals, Inc.......................... 16,335 721,844 * Amedisys, Inc...................................... 39,704 1,118,859 * American Shared Hospital Services.................. 900 2,259 AmerisourceBergen Corp............................. 16,800 1,596,840 Amgen, Inc......................................... 26,155 3,982,360 * AMN Healthcare Services, Inc....................... 64,722 1,218,068 * Amsurg Corp........................................ 56,628 3,124,733 Analogic Corp...................................... 11,775 960,016 * AngioDynamics, Inc................................. 45,681 879,131 * Anika Therapeutics, Inc............................ 29,134 1,141,470 Anthem, Inc........................................ 49,131 6,630,720 * Arqule, Inc........................................ 26,950 31,262 * Arrhythmia Research Technology, Inc................ 1,153 8,867 #* athenahealth, Inc.................................. 111 15,508 Atrion Corp........................................ 2,187 732,645 * Bio-Rad Laboratories, Inc. Class A................. 17,546 2,008,491 * Bio-Rad Laboratories, Inc. Class B................. 1,277 142,468 * Bio-Reference Laboratories, Inc.................... 10,468 350,992 Bio-Techne Corp.................................... 3,452 321,105 #* Bioanalytical Systems, Inc......................... 1,915 3,983 #* Biodel, Inc........................................ 4,308 6,484 * Biogen Idec, Inc................................... 6,870 2,673,529 * BioMarin Pharmaceutical, Inc....................... 7,300 709,268 #* BioScrip, Inc...................................... 127,687 734,200 * Biospecifics Technologies Corp..................... 2,742 107,870 * Biota Pharmaceuticals, Inc......................... 6,230 14,952 * BioTelemetry, Inc.................................. 26,941 266,177 * Boston Scientific Corp............................. 189,811 2,811,101 #* Bovie Medical Corp................................. 13,510 47,285 * Brookdale Senior Living, Inc....................... 21,863 737,876 #* Bruker Corp........................................ 13,400 252,724 * Cambrex Corp....................................... 47,097 1,056,386 Cantel Medical Corp................................ 30,310 1,229,677 * Capital Senior Living Corp......................... 30,675 732,212 Cardinal Health, Inc............................... 11,763 978,564 * CareFusion Corp.................................... 117,444 6,964,429 201 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) * CASI Pharmaceuticals, Inc.......................... 63 $ 106 #* Celsion Corp....................................... 422 933 * Centene Corp....................................... 38,472 4,199,603 * Cerner Corp........................................ 8,000 530,800 * Charles River Laboratories International, Inc...... 34,819 2,414,698 # Chemed Corp........................................ 12,392 1,253,327 Cigna Corp......................................... 18,390 1,964,604 * Community Health Systems, Inc...................... 165,459 7,788,155 # Computer Programs & Systems, Inc................... 7,500 369,450 CONMED Corp........................................ 29,451 1,403,046 # Cooper Cos., Inc. (The)............................ 16,765 2,643,002 * Corvel Corp........................................ 11,386 375,055 * Covance, Inc....................................... 7,051 748,887 CR Bard, Inc....................................... 4,262 728,930 * Cross Country Healthcare, Inc...................... 37,432 382,929 CryoLife, Inc...................................... 30,220 340,277 #* Cumberland Pharmaceuticals, Inc.................... 23,868 138,673 #* Cutera, Inc........................................ 17,043 226,672 * Cyberonics, Inc.................................... 7,696 427,667 * Cynosure, Inc. Class A............................. 23,396 707,027 #* Cytokinetics, Inc.................................. 9,109 64,583 * DaVita HealthCare Partners, Inc.................... 30,198 2,266,662 Daxor Corp......................................... 4,092 25,493 DENTSPLY International, Inc........................ 10,234 511,956 * Depomed, Inc....................................... 37,985 693,986 * DexCom, Inc........................................ 1,931 115,435 Digirad Corp....................................... 16,700 69,305 #* Durect Corp........................................ 18,046 16,963 * Edwards Lifesciences Corp.......................... 7,400 927,590 * Emergent Biosolutions, Inc......................... 44,346 1,243,018 * Endo International P.L.C........................... 14,350 1,142,409 Ensign Group, Inc. (The)........................... 32,360 1,342,940 * Envision Healthcare Holdings, Inc.................. 8,787 302,097 #* Enzo Biochem, Inc.................................. 39,085 123,118 #* EPIRUS Biopharmaceuticals, Inc..................... 195 965 #* Exact Sciences Corp................................ 3,900 106,119 * Exactech, Inc...................................... 14,628 304,116 #* ExamWorks Group, Inc............................... 23,719 876,654 * Express Scripts Holding Co......................... 40,752 3,289,094 * Five Star Quality Care, Inc........................ 71,415 248,524 * Genesis Healthcare, Inc............................ 19,937 165,477 * Gentiva Health Services, Inc....................... 33,864 657,639 * Globus Medical, Inc. Class A....................... 10,949 258,177 * Greatbatch, Inc.................................... 25,442 1,235,464 * Haemonetics Corp................................... 30,688 1,215,245 * Halyard Health, Inc................................ 1,460 65,072 #* Hanger, Inc........................................ 33,076 713,780 * Harvard Apparatus Regenerative Technology, Inc..... 7,831 25,451 * Harvard Bioscience, Inc............................ 35,325 184,043 * Health Net, Inc.................................... 77,846 4,216,918 HealthSouth Corp................................... 20,397 899,508 * HealthStream, Inc.................................. 17,545 495,822 * Healthways, Inc.................................... 44,553 918,683 202 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) * Henry Schein, Inc.................................. 8,644 $1,193,477 Hill-Rom Holdings, Inc............................. 57,363 2,739,657 #* HMS Holdings Corp.................................. 34,320 679,021 * Hologic, Inc....................................... 65,441 1,987,116 * Hospira, Inc....................................... 11,600 735,788 Humana, Inc........................................ 18,374 2,690,689 * Hyperion Therapeutics, Inc......................... 4,827 122,123 * ICU Medical, Inc................................... 13,600 1,136,688 * Idera Pharmaceuticals, Inc......................... 20,811 94,066 #* IDEXX Laboratories, Inc............................ 1,249 197,867 #* IGI Laboratories, Inc.............................. 1,128 11,235 * Illumina, Inc...................................... 9,020 1,760,614 #* Impax Laboratories, Inc............................ 67,957 2,491,983 #* Incyte Corp........................................ 9,122 727,115 * Infinity Pharmaceuticals, Inc...................... 21,177 326,973 #* InfuSystems Holdings, Inc.......................... 6,961 19,212 * Insys Therapeutics, Inc............................ 1,525 72,864 * Integra LifeSciences Holdings Corp................. 20,953 1,167,501 * Intuitive Surgical, Inc............................ 1,500 741,720 Invacare Corp...................................... 39,730 582,044 #* IPC Healthcare, Inc................................ 9,270 374,137 * Iridex Corp........................................ 1,950 17,647 #* Jazz Pharmaceuticals P.L.C......................... 4,993 845,515 Johnson & Johnson.................................. 90,092 9,021,813 Kewaunee Scientific Corp........................... 2,037 36,544 Kindred Healthcare, Inc............................ 91,955 1,697,489 * Laboratory Corp. of America Holdings............... 9,884 1,134,486 # Landauer, Inc...................................... 2,932 82,008 #* Lannett Co., Inc................................... 21,420 1,015,951 LeMaitre Vascular, Inc............................. 15,418 121,956 * LHC Group, Inc..................................... 21,781 647,331 * LifePoint Hospitals, Inc........................... 53,422 3,485,251 #* Ligand Pharmaceuticals, Inc. Class B............... 5,504 313,288 #* Luminex Corp....................................... 23,957 422,841 * Magellan Health, Inc............................... 42,821 2,574,399 #* Mallinckrodt P.L.C................................. 14,485 1,535,265 * Masimo Corp........................................ 21,257 542,479 #* Mast Therapeutics, Inc............................. 19,471 8,509 McKesson Corp...................................... 8,300 1,764,995 * MedAssets, Inc..................................... 60,312 1,116,375 o* MedCath Corp....................................... 19,024 -- * Medicines Co. (The)................................ 65,397 1,874,932 * MediciNova, Inc.................................... 12,083 45,674 * Medivation, Inc.................................... 606 65,945 * MEDNAX, Inc........................................ 47,381 3,216,696 Medtronic P.L.C.................................... 50,525 3,607,501 Merck & Co., Inc................................... 149,737 9,026,146 * Merge Healthcare, Inc.............................. 40,761 150,816 # Meridian Bioscience, Inc........................... 24,088 416,722 * Merit Medical Systems, Inc......................... 58,164 891,654 * Misonix, Inc....................................... 3,363 44,963 * Molina Healthcare, Inc............................. 46,900 2,387,679 * Momenta Pharmaceuticals, Inc....................... 28,579 307,796 203 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * MWI Veterinary Supply, Inc......................... 6,192 $ 1,174,437 #* Mylan, Inc......................................... 29,257 1,555,010 #* Myriad Genetics, Inc............................... 20,479 766,324 National Healthcare Corp........................... 15,011 945,243 # National Research Corp. Class A.................... 14,574 201,850 # National Research Corp. Class B.................... 2,429 83,922 #* Natus Medical, Inc................................. 33,553 1,261,593 * Neogen Corp........................................ 10,000 461,000 * NuVasive, Inc...................................... 27,918 1,293,162 Omnicare, Inc...................................... 21,610 1,620,318 * Omnicell, Inc...................................... 35,106 1,117,424 #* OncoGenex Pharmaceuticals, Inc..................... 350 703 #* Opko Health, Inc................................... 9,313 112,967 * OraSure Technologies, Inc.......................... 32,598 299,576 * Orthofix International NV.......................... 24,892 759,206 # Owens & Minor, Inc................................. 64,899 2,221,493 #* Pacific Biosciences of California, Inc............. 4,073 32,747 * Pain Therapeutics, Inc............................. 36,350 71,609 Paratek Pharmaceuticals, Inc....................... 1,175 29,022 * PAREXEL International Corp......................... 37,729 2,299,960 # Patterson Cos., Inc................................ 21,304 1,067,117 #* PDI, Inc........................................... 16,959 26,456 # PDL BioPharma, Inc................................. 34,563 251,964 PerkinElmer, Inc................................... 73,180 3,345,058 #* Pernix Therapeutics Holdings, Inc.................. 7,231 60,090 Perrigo Co. P.L.C.................................. 5,808 881,306 Pfizer, Inc........................................ 459,005 14,343,906 * PharMerica Corp.................................... 48,026 1,105,078 #* PhotoMedex, Inc.................................... 9,512 17,883 #* Pozen, Inc......................................... 26,793 185,140 * Prestige Brands Holdings, Inc...................... 65,760 2,252,938 #* Progenics Pharmaceuticals, Inc..................... 26,897 160,844 * ProPhase Labs, Inc................................. 6,052 9,623 * Providence Service Corp. (The)..................... 23,442 914,238 #* pSivida Corp....................................... 4,645 17,976 #* Puma Biotechnology, Inc............................ 352 74,300 # Quality Systems, Inc............................... 25,964 422,954 # Quest Diagnostics, Inc............................. 20,272 1,440,731 #* Quidel Corp........................................ 15,421 363,010 #* RadNet, Inc........................................ 24,475 193,108 * Receptos, Inc...................................... 1,234 135,950 * Regeneron Pharmaceuticals, Inc..................... 6,200 2,583,292 #* Repligen Corp...................................... 23,578 572,710 #* Repros Therapeutics, Inc........................... 186 1,600 # ResMed, Inc........................................ 9,600 599,712 #* Rigel Pharmaceuticals, Inc......................... 76,349 158,042 * RTI Surgical, Inc.................................. 71,853 320,464 #* Sagent Pharmaceuticals, Inc........................ 16,177 415,264 #* Salix Pharmaceuticals, Ltd......................... 3,676 495,047 #* Sciclone Pharmaceuticals, Inc...................... 71,111 524,799 #* Seattle Genetics, Inc.............................. 7,900 246,164 Select Medical Holdings Corp....................... 146,220 1,976,894 Simulations Plus, Inc.............................. 1,800 11,448 204 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) * Sirona Dental Systems, Inc......................... 15,186 $ 1,370,081 Span-America Medical Systems, Inc.................. 3,229 55,539 * Special Diversified Opportunities, Inc............. 12,404 14,761 #* Spectrum Pharmaceuticals, Inc...................... 26,500 185,500 St Jude Medical, Inc............................... 25,187 1,659,068 #* Staar Surgical Co.................................. 6,181 37,086 #* StemCells, Inc..................................... 1,150 1,311 #* Stereotaxis, Inc................................... 1,337 2,219 # STERIS Corp........................................ 28,908 1,885,380 Stryker Corp....................................... 9,409 856,689 #* Sucampo Pharmaceuticals, Inc. Class A.............. 13,917 209,590 * SunLink Health Systems, Inc........................ 1,702 2,357 #* Surgical Care Affiliates, Inc...................... 400 12,900 #* SurModics, Inc..................................... 18,031 413,271 * Symmetry Surgical, Inc............................. 14,932 107,510 #* Targacept, Inc..................................... 21,573 54,148 * Taro Pharmaceutical Industries, Ltd................ 116 19,314 * Team Health Holdings, Inc.......................... 13,423 693,969 # Teleflex, Inc...................................... 31,277 3,426,708 #* Tenet Healthcare Corp.............................. 31,779 1,343,616 #* Theravance Biopharma, Inc.......................... 1,106 17,961 Thermo Fisher Scientific, Inc...................... 24,082 3,015,307 #* Thoratec Corp...................................... 19,834 711,842 * Tornier NV......................................... 26,718 645,774 #* Triple-S Management Corp. Class B.................. 32,166 774,557 #* United Therapeutics Corp........................... 7,000 987,910 UnitedHealth Group, Inc............................ 73,435 7,802,469 * Universal American Corp............................ 106,381 960,620 Universal Health Services, Inc. Class B............ 12,918 1,324,483 US Physical Therapy, Inc........................... 14,542 564,084 # Utah Medical Products, Inc......................... 3,789 214,798 #* Varian Medical Systems, Inc........................ 4,357 403,284 * Vascular Solutions, Inc............................ 15,185 413,943 * VCA, Inc........................................... 91,528 4,768,609 * Vical, Inc......................................... 6,156 6,402 * Waters Corp........................................ 2,957 352,031 * WellCare Health Plans, Inc......................... 47,719 3,476,329 # West Pharmaceutical Services, Inc.................. 25,768 1,270,620 * Wright Medical Group, Inc.......................... 33,223 810,973 #* XenoPort, Inc...................................... 3,196 26,623 Zimmer Holdings, Inc............................... 12,595 1,411,899 Zoetis, Inc........................................ 134,752 5,757,953 ------------ Total Health Care...................................... 290,808,124 ------------ Industrials -- (13.1%) # AAON, Inc.......................................... 33,999 741,518 AAR Corp........................................... 44,341 1,270,813 ABM Industries, Inc................................ 73,328 2,116,979 # Acacia Research Corp............................... 23,571 295,109 * ACCO Brands Corp................................... 157,099 1,244,224 * Accuride Corp...................................... 39,102 172,049 # Aceto Corp......................................... 39,280 762,032 Acme United Corp................................... 1,921 36,499 205 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Active Power, Inc.................................. 960 $ 1,738 Actuant Corp. Class A.............................. 63,614 1,470,120 Acuity Brands, Inc................................. 4,829 723,819 #* Adept Technology, Inc.............................. 10,771 100,170 # ADT Corp. (The).................................... 117,987 4,058,753 * Advisory Board Co. (The)........................... 12,196 571,748 * AECOM.............................................. 148,628 3,778,124 * Aegion Corp........................................ 69,512 1,064,924 #* AeroCentury Corp................................... 1,149 9,307 #* Aerovironment, Inc................................. 32,371 828,374 # AGCO Corp.......................................... 92,553 4,011,247 # Air Industries Group............................... 1,000 10,240 # Air Lease Corp..................................... 81,445 2,845,688 * Air Transport Services Group, Inc.................. 89,516 745,668 Aircastle, Ltd..................................... 4,801 96,308 Alamo Group, Inc................................... 14,985 675,074 Alaska Air Group, Inc.............................. 55,226 3,748,189 Albany International Corp. Class A................. 27,301 931,783 # Allegiant Travel Co................................ 12,089 2,191,373 Allegion P.L.C..................................... 7,433 401,456 # Alliant Techsystems, Inc........................... 16,370 2,133,175 Allied Motion Technologies, Inc.................... 7,832 175,593 Allison Transmission Holdings, Inc................. 38,117 1,193,824 # Altra Industrial Motion Corp....................... 35,532 907,843 * AMERCO............................................. 19,302 5,522,495 #* Ameresco, Inc. Class A............................. 15,221 88,738 American Airlines Group, Inc....................... 40,944 2,009,532 # American Railcar Industries, Inc................... 23,316 1,170,463 # American Science & Engineering, Inc................ 8,711 404,190 #* American Superconductor Corp....................... 12,387 8,671 * American Woodmark Corp............................. 18,446 758,684 AMETEK, Inc........................................ 24,074 1,153,145 #* AMREP Corp......................................... 6,528 24,806 AO Smith Corp...................................... 27,188 1,615,239 Apogee Enterprises, Inc............................ 30,486 1,318,824 Applied Industrial Technologies, Inc............... 35,309 1,427,543 * ARC Document Solutions, Inc........................ 67,082 615,142 ArcBest Corp....................................... 28,900 1,076,814 Argan, Inc......................................... 27,116 824,598 * Armstrong World Industries, Inc.................... 36,764 1,863,935 #* Arotech Corp....................................... 3,519 8,023 Astec Industries, Inc.............................. 34,214 1,216,650 * Astronics Corp..................................... 8,740 486,731 #* Astronics Corp. Class B............................ 3,845 215,320 #* Atlas Air Worldwide Holdings, Inc.................. 42,729 1,931,351 * Avalon Holdings Corp. Class A...................... 700 2,121 * Avis Budget Group, Inc............................. 80,159 4,593,912 AZZ, Inc........................................... 25,170 1,061,922 * B/E Aerospace, Inc................................. 13,582 792,238 Babcock & Wilcox Co. (The)......................... 22,685 617,713 # Baltic Trading, Ltd................................ 11,628 18,837 Barnes Group, Inc.................................. 81,618 2,803,578 # Barrett Business Services, Inc..................... 10,851 332,583 206 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Beacon Roofing Supply, Inc......................... 54,616 $1,293,853 * Blount International, Inc.......................... 107,295 1,663,072 #* BlueLinx Holdings, Inc............................. 61,893 64,369 Brady Corp. Class A................................ 63,069 1,650,516 * Breeze-Eastern Corp................................ 7,923 79,626 # Briggs & Stratton Corp............................. 76,718 1,412,378 Brink's Co. (The).................................. 38,880 871,301 * Broadwind Energy, Inc.............................. 70 342 #* Builders FirstSource, Inc.......................... 52,668 311,795 * CAI International, Inc............................. 25,760 540,187 Carlisle Cos., Inc................................. 32,364 2,902,404 * Casella Waste Systems, Inc. Class A................ 26,530 101,079 Caterpillar, Inc................................... 24,748 1,979,098 #* CBIZ, Inc.......................................... 81,292 673,098 CDI Corp........................................... 23,674 402,221 Ceco Environmental Corp............................ 16,485 226,174 Celadon Group, Inc................................. 36,314 865,363 * Chart Industries, Inc.............................. 23,323 664,706 # Chicago Bridge & Iron Co. NV....................... 4,295 148,220 Chicago Rivet & Machine Co......................... 508 15,504 Cintas Corp........................................ 14,003 1,102,036 CIRCOR International, Inc.......................... 18,896 933,273 Civeo Corp......................................... 83,510 244,684 CLARCOR, Inc....................................... 16,204 1,013,236 #* Clean Harbors, Inc................................. 25,613 1,212,007 #* Colfax Corp........................................ 16,318 739,369 Columbus McKinnon Corp............................. 26,907 674,020 Comfort Systems USA, Inc........................... 53,538 891,408 * Command Security Corp.............................. 5,329 11,777 * Commercial Vehicle Group, Inc...................... 14,900 82,397 Compx International, Inc........................... 2,522 27,212 Con-way, Inc....................................... 64,427 2,639,574 # Copa Holdings SA Class A........................... 12,260 1,318,073 * Copart, Inc........................................ 12,651 463,027 Corporate Executive Board Co. (The)................ 16,317 1,118,041 Courier Corp....................................... 16,697 391,879 # Covanta Holding Corp............................... 128,393 2,624,353 * Covenant Transportation Group, Inc. Class A........ 12,964 366,881 * CPI Aerostructures, Inc............................ 8,398 98,677 * CRA International, Inc............................. 11,485 339,152 Crane Co........................................... 16,743 1,020,486 CSX Corp........................................... 254,141 8,462,895 #* CTPartners Executive Search, Inc................... 3,804 20,846 Cubic Corp......................................... 25,274 1,321,577 Cummins, Inc....................................... 7,650 1,066,869 Curtiss-Wright Corp................................ 46,175 3,072,023 Danaher Corp....................................... 35,456 2,920,865 # Deere & Co......................................... 24,279 2,068,328 Delta Air Lines, Inc............................... 79,618 3,766,728 # Deluxe Corp........................................ 29,437 1,911,344 * DigitalGlobe, Inc.................................. 90,160 2,424,402 # Donaldson Co., Inc................................. 16,359 598,085 Douglas Dynamics, Inc.............................. 43,782 883,959 207 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # Dover Corp......................................... 22,423 $ 1,570,507 * Ducommun, Inc...................................... 11,679 303,304 Dun & Bradstreet Corp. (The)....................... 4,626 532,499 * DXP Enterprises, Inc............................... 10,820 443,836 * Dycom Industries, Inc.............................. 38,369 1,182,149 Dynamic Materials Corp............................. 16,673 236,090 Eastern Co. (The).................................. 5,585 105,668 Eaton Corp. P.L.C.................................. 29,601 1,867,527 #* Echo Global Logistics, Inc......................... 28,773 759,607 Ecology and Environment, Inc. Class A.............. 2,769 27,136 EMCOR Group, Inc................................... 67,561 2,726,762 Emerson Electric Co................................ 31,243 1,778,976 Encore Wire Corp................................... 22,353 684,672 #* Energy Recovery, Inc............................... 44,908 148,196 EnerSys............................................ 44,760 2,613,089 #* Engility Holdings, Inc............................. 18,925 755,108 Ennis, Inc......................................... 32,470 433,150 * EnPro Industries, Inc.............................. 21,572 1,279,867 EnviroStar, Inc.................................... 1,100 2,618 Equifax, Inc....................................... 11,845 1,000,429 ESCO Technologies, Inc............................. 36,683 1,321,322 Espey Manufacturing & Electronics Corp............. 3,027 81,154 * Esterline Technologies Corp........................ 25,958 2,909,632 Exelis, Inc........................................ 104,287 1,784,351 Expeditors International of Washington, Inc........ 10,482 457,854 Exponent, Inc...................................... 8,018 642,563 Federal Signal Corp................................ 68,656 1,048,377 FedEx Corp......................................... 24,897 4,210,332 Flowserve Corp..................................... 10,200 555,798 Fluor Corp......................................... 14,089 755,030 # Fortune Brands Home & Security, Inc................ 28,075 1,257,479 Forward Air Corp................................... 23,606 1,059,909 * Franklin Covey Co.................................. 20,197 364,960 # Franklin Electric Co., Inc......................... 37,816 1,293,685 # FreightCar America, Inc............................ 19,792 461,945 * FTI Consulting, Inc................................ 72,848 2,962,728 #* Fuel Tech, Inc..................................... 26,879 86,819 * Furmanite Corp..................................... 42,476 311,349 G&K Services, Inc. Class A......................... 22,919 1,606,622 GATX Corp.......................................... 50,833 2,905,106 #* Gencor Industries, Inc............................. 4,926 45,073 #* GenCorp, Inc....................................... 18,966 318,629 #* Generac Holdings, Inc.............................. 6,138 268,476 # General Cable Corp................................. 62,825 718,718 General Dynamics Corp.............................. 22,257 2,964,855 General Electric Co................................ 600,239 14,339,710 * Genesee & Wyoming, Inc. Class A.................... 27,541 2,270,755 * Gibraltar Industries, Inc.......................... 33,716 510,460 Global Brass & Copper Holdings, Inc................ 7,264 95,376 # Global Power Equipment Group, Inc.................. 15,716 193,778 #* Goldfield Corp. (The).............................. 9,421 21,386 # Gorman-Rupp Co. (The).............................. 22,451 640,078 * GP Strategies Corp................................. 21,718 724,947 208 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) Graco, Inc......................................... 5,842 $ 416,184 #* GrafTech International, Ltd........................ 173,617 630,230 Graham Corp........................................ 10,133 209,652 Granite Construction, Inc.......................... 45,788 1,560,455 * Great Lakes Dredge & Dock Corp..................... 78,537 610,232 # Greenbrier Cos., Inc. (The)........................ 32,885 1,707,718 Griffon Corp....................................... 69,548 1,021,660 H&E Equipment Services, Inc........................ 33,189 582,135 Hardinge, Inc...................................... 13,131 149,825 Harsco Corp........................................ 83,219 1,228,312 #* Hawaiian Holdings, Inc............................. 57,468 1,117,178 #* HC2 Holdings, Inc.................................. 3,645 27,192 * HD Supply Holdings, Inc............................ 19,840 571,987 # Healthcare Services Group, Inc..................... 15,811 498,205 # Heartland Express, Inc............................. 51,875 1,332,669 # HEICO Corp......................................... 8,377 508,316 HEICO Corp. Class A................................ 13,054 615,757 Heidrick & Struggles International, Inc............ 24,712 547,618 #* Heritage-Crystal Clean, Inc........................ 1,954 24,914 Herman Miller, Inc................................. 23,119 671,607 * Hertz Global Holdings, Inc......................... 70,637 1,449,471 Hexcel Corp........................................ 23,845 1,054,664 * Hill International, Inc............................ 67,224 256,796 Hillenbrand, Inc................................... 55,874 1,755,002 HNI Corp........................................... 30,081 1,481,489 Honeywell International, Inc....................... 22,922 2,240,855 Houston Wire & Cable Co............................ 25,592 283,303 * Hub Group, Inc. Class A............................ 56,510 1,887,434 Hubbell, Inc. Class A.............................. 1,952 211,890 Hubbell, Inc. Class B.............................. 6,877 729,237 * Hudson Global, Inc................................. 34,265 83,949 Huntington Ingalls Industries, Inc................. 21,126 2,463,292 Hurco Cos., Inc.................................... 9,943 348,800 * Huron Consulting Group, Inc........................ 23,009 1,730,737 Hyster-Yale Materials Handling, Inc................ 13,948 873,842 * ICF International, Inc............................. 28,023 1,046,939 IDEX Corp.......................................... 17,759 1,284,864 * IHS, Inc. Class A.................................. 4,370 503,118 Illinois Tool Works, Inc........................... 13,917 1,295,534 Ingersoll-Rand P.L.C............................... 29,843 1,981,575 #* InnerWorkings, Inc................................. 46,741 239,781 #* Innovative Solutions & Support, Inc................ 16,826 66,294 # Insperity, Inc..................................... 30,992 1,299,804 Insteel Industries, Inc............................ 22,225 453,835 * Integrated Electrical Services, Inc................ 15,111 110,461 Interface, Inc..................................... 29,517 463,712 International Shipholding Corp..................... 1,100 18,436 # Intersections, Inc................................. 18,573 63,520 ITT Corp........................................... 29,937 1,072,044 * Jacobs Engineering Group, Inc...................... 12,712 484,327 # JB Hunt Transport Services, Inc.................... 10,031 798,568 #* JetBlue Airways Corp............................... 331,433 5,564,760 John Bean Technologies Corp........................ 19,647 593,143 209 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) # Joy Global, Inc.................................... 48,576 $2,037,277 Kadant, Inc........................................ 1,953 77,612 Kaman Corp......................................... 31,768 1,207,819 # Kansas City Southern............................... 16,200 1,783,458 KAR Auction Services, Inc.......................... 76,745 2,617,772 KBR, Inc........................................... 45,455 751,371 Kelly Services, Inc. Class A....................... 41,979 709,445 Kelly Services, Inc. Class B....................... 700 11,925 # Kennametal, Inc.................................... 33,652 1,057,346 * Key Technology, Inc................................ 5,258 67,302 Kforce, Inc........................................ 37,672 881,525 Kimball International, Inc. Class B................ 35,639 308,990 * Kirby Corp......................................... 23,203 1,681,985 * KLX, Inc........................................... 6,791 266,954 # Knight Transportation, Inc......................... 95,381 2,717,405 # Knightsbridge Shipping, Ltd........................ 63,354 254,050 Knoll, Inc......................................... 36,618 750,303 * Korn/Ferry International........................... 54,689 1,558,637 * Kratos Defense & Security Solutions, Inc........... 77,882 378,507 L-3 Communications Holdings, Inc................... 51,364 6,323,936 # Landstar System, Inc............................... 16,265 1,042,261 * Lawson Products, Inc............................... 8,745 215,127 #* Layne Christensen Co............................... 24,719 199,977 LB Foster Co. Class A.............................. 13,222 626,855 Lennox International, Inc.......................... 6,221 611,587 Lincoln Electric Holdings, Inc..................... 19,400 1,317,454 # Lindsay Corp....................................... 6,903 596,557 #* LMI Aerospace, Inc................................. 16,711 237,296 LS Starrett Co. (The) Class A...................... 6,944 149,782 LSI Industries, Inc................................ 32,842 241,060 * Luna Innovations, Inc.............................. 3,800 6,384 * Lydall, Inc........................................ 17,009 468,598 * Magnetek, Inc...................................... 1,197 47,305 #* Manitex International, Inc......................... 3,300 36,102 # Manitowoc Co., Inc. (The).......................... 58,740 1,098,438 Manpowergroup, Inc................................. 39,253 2,860,759 Marten Transport, Ltd.............................. 38,690 791,211 Masco Corp......................................... 60,333 1,498,672 #* MasTec, Inc........................................ 76,702 1,420,521 * Mastech Holdings, Inc.............................. 991 10,316 Matson, Inc........................................ 52,197 1,813,846 Matthews International Corp. Class A............... 30,118 1,395,367 McGrath RentCorp................................... 28,642 870,144 * Meritor, Inc....................................... 43,358 554,982 * Mfri, Inc.......................................... 5,730 31,973 * Middleby Corp. (The)............................... 18,460 1,754,069 Miller Industries, Inc............................. 14,134 285,507 * Mistras Group, Inc................................. 22,617 454,602 Mobile Mini, Inc................................... 58,982 2,141,047 * Moog, Inc. Class A................................. 33,638 2,364,751 * Moog, Inc. Class B................................. 2,977 209,075 * MRC Global, Inc.................................... 65,783 711,114 MSA Safety, Inc.................................... 25,323 1,105,602 210 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) # MSC Industrial Direct Co., Inc. Class A............ 8,253 $ 619,553 Mueller Industries, Inc............................ 71,272 2,237,228 Mueller Water Products, Inc. Class A............... 171,486 1,754,302 Multi-Color Corp................................... 20,797 1,210,801 * MYR Group, Inc..................................... 36,938 924,558 # National Presto Industries, Inc.................... 7,418 467,334 * Navigant Consulting, Inc........................... 63,012 909,263 * NCI Building Systems, Inc.......................... 2,978 45,951 Nielsen NV......................................... 40,307 1,755,773 NL Industries, Inc................................. 44,564 312,394 NN, Inc............................................ 20,136 464,135 # Nordson Corp....................................... 9,191 669,656 Norfolk Southern Corp.............................. 60,802 6,199,980 #* Nortek, Inc........................................ 1,428 108,999 Northrop Grumman Corp.............................. 13,622 2,137,973 * Northwest Pipe Co.................................. 13,889 332,364 #* NOW, Inc........................................... 25,701 641,240 * Old Dominion Freight Line, Inc..................... 44,451 3,116,904 # Omega Flex, Inc.................................... 4,638 145,494 * On Assignment, Inc................................. 48,705 1,711,007 * Orbital Sciences Corp.............................. 65,692 1,845,288 * Orion Energy Systems, Inc.......................... 23,165 104,937 * Orion Marine Group, Inc............................ 24,325 222,087 Oshkosh Corp....................................... 79,265 3,396,505 Owens Corning...................................... 115,769 4,636,548 PACCAR, Inc........................................ 14,705 883,918 Pall Corp.......................................... 7,100 686,996 #* PAM Transportation Services, Inc................... 10,927 632,673 Park-Ohio Holdings Corp............................ 18,439 985,196 Parker Hannifin Corp............................... 12,820 1,493,017 * Patrick Industries, Inc............................ 17,531 753,833 * Pendrell Corp...................................... 45,689 59,396 Pentair P.L.C...................................... 35,552 2,197,469 #* Performant Financial Corp.......................... 54,745 271,535 * PGT, Inc........................................... 41,352 355,214 Pitney Bowes, Inc.................................. 27,103 649,930 #* Ply Gem Holdings, Inc.............................. 7,158 90,191 * PMFG, Inc.......................................... 8,778 42,222 #* Polypore International, Inc........................ 19,209 859,026 # Powell Industries, Inc............................. 13,987 545,633 #* PowerSecure International, Inc..................... 22,223 208,896 Precision Castparts Corp........................... 8,055 1,611,806 Preformed Line Products Co......................... 6,010 287,338 Primoris Services Corp............................. 39,791 747,275 #* Proto Labs, Inc.................................... 1,950 125,561 Providence and Worcester Railroad Co............... 2,562 47,269 Quad/Graphics, Inc................................. 16,253 325,710 * Quality Distribution, Inc.......................... 17,290 144,199 Quanex Building Products Corp...................... 54,916 1,034,068 * Quanta Services, Inc............................... 28,690 759,711 #* Radiant Logistics, Inc............................. 4,733 22,766 # Raven Industries, Inc.............................. 23,262 498,737 Raytheon Co........................................ 17,714 1,772,286 211 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) RBC Bearings, Inc.................................. 15,454 $ 896,950 RCM Technologies, Inc.............................. 10,468 61,971 Regal-Beloit Corp.................................. 37,614 2,589,724 * Republic Airways Holdings, Inc..................... 54,181 745,531 Republic Services, Inc............................. 148,311 5,884,980 Resources Connection, Inc.......................... 52,090 869,903 * Rexnord Corp....................................... 61,415 1,520,021 #* Roadrunner Transportation Systems, Inc............. 40,624 825,480 Robert Half International, Inc..................... 1,000 58,060 Rockwell Automation, Inc........................... 12,100 1,317,932 Rockwell Collins, Inc.............................. 11,750 1,006,035 Rollins, Inc....................................... 15,164 501,170 Roper Industries, Inc.............................. 9,010 1,390,603 * RPX Corp........................................... 78,745 972,501 # RR Donnelley & Sons Co............................. 77,251 1,272,324 #* Rush Enterprises, Inc. Class A..................... 35,113 983,164 * Rush Enterprises, Inc. Class B..................... 4,506 122,338 Ryder System, Inc.................................. 85,687 7,094,027 * Saia, Inc.......................................... 31,322 1,318,969 #* Sensata Technologies Holding NV.................... 6,594 325,216 * Servotronics, Inc.................................. 1,499 9,594 SIFCO Industries, Inc.............................. 4,888 141,703 Simpson Manufacturing Co., Inc..................... 48,444 1,581,212 SkyWest, Inc....................................... 65,489 821,887 * SL Industries, Inc................................. 9,000 384,750 SmartPros, Ltd..................................... 1,700 2,533 Snap-on, Inc....................................... 22,655 3,006,545 #* SolarCity Corp..................................... 490 23,819 Southwest Airlines Co.............................. 457,205 20,656,522 #* SP Plus Corp....................................... 10,006 223,334 * Sparton Corp....................................... 10,134 237,946 * Spirit Aerosystems Holdings, Inc. Class A.......... 41,712 1,878,708 * Spirit Airlines, Inc............................... 12,566 931,643 SPX Corp........................................... 18,968 1,585,156 * Standard Register Co. (The)........................ 5,242 8,230 Standex International Corp......................... 14,134 990,652 Stanley Black & Decker, Inc........................ 36,884 3,454,187 Steelcase, Inc. Class A............................ 80,238 1,354,417 * Stericycle, Inc.................................... 4,838 635,181 * Sterling Construction Co., Inc..................... 19,832 68,817 # Sun Hydraulics Corp................................ 12,252 444,012 Supreme Industries, Inc. Class A................... 9,289 71,618 #* Swift Transportation Co............................ 32,153 790,321 # TAL International Group, Inc....................... 63,304 2,573,308 #* Taser International, Inc........................... 20,936 565,481 * Team, Inc.......................................... 20,697 789,384 * Tecumseh Products Co............................... 16,120 57,065 * Teledyne Technologies, Inc......................... 20,491 1,947,465 Tennant Co......................................... 9,285 605,475 # Terex Corp......................................... 100,493 2,259,083 Tetra Tech, Inc.................................... 88,063 2,028,091 Textainer Group Holdings, Ltd...................... 51,126 1,677,444 Textron, Inc....................................... 31,222 1,328,808 212 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Thermon Group Holdings, Inc........................ 11,507 $ 235,318 Timken Co. (The)................................... 43,497 1,653,321 # Titan International, Inc........................... 67,296 601,626 #* Titan Machinery, Inc............................... 23,132 326,855 Toro Co. (The)..................................... 7,800 506,298 Towers Watson & Co. Class A........................ 5,900 699,150 TransDigm Group, Inc............................... 4,939 1,015,113 * TRC Cos., Inc...................................... 18,568 128,305 #* Trex Co., Inc...................................... 14,075 598,610 * Trimas Corp........................................ 28,364 765,544 # Trinity Industries, Inc............................ 155,000 4,102,850 Triumph Group, Inc................................. 47,564 2,714,002 * TrueBlue, Inc...................................... 43,153 951,955 * Tutor Perini Corp.................................. 84,118 1,826,202 Twin Disc, Inc..................................... 16,100 259,210 Tyco International P.L.C........................... 21,904 893,902 * Ultralife Corp..................................... 16,511 55,312 UniFirst Corp...................................... 15,007 1,742,763 Union Pacific Corp................................. 76,102 8,919,915 * United Continental Holdings, Inc................... 54,975 3,813,616 * United Rentals, Inc................................ 34,010 2,817,728 # United Stationers, Inc............................. 41,796 1,684,797 United Technologies Corp........................... 32,004 3,673,419 Universal Forest Products, Inc..................... 23,943 1,198,587 Universal Truckload Services, Inc.................. 16,584 390,719 # US Ecology, Inc.................................... 16,963 703,286 #* USA Truck, Inc..................................... 13,690 380,582 #* USG Corp........................................... 27,624 841,151 #* UTi Worldwide, Inc................................. 119,915 1,423,391 # Valmont Industries, Inc............................ 11,371 1,365,885 * Vectrus, Inc....................................... 5,677 158,048 * Veritiv Corp....................................... 1,605 81,646 * Versar, Inc........................................ 7,645 23,317 Viad Corp.......................................... 30,419 820,705 #* Vicor Corp......................................... 23,646 254,667 * Virco Manufacturing Corp........................... 21,636 51,926 #* Volt Information Sciences, Inc..................... 24,400 305,976 VSE Corp........................................... 6,953 503,189 #* Wabash National Corp............................... 82,290 1,026,156 * WABCO Holdings, Inc................................ 8,765 834,165 Wabtec Corp........................................ 11,888 992,054 Waste Connections, Inc............................. 65,458 2,829,095 Waste Management, Inc.............................. 23,011 1,183,456 # Watsco, Inc........................................ 7,344 799,468 Watsco, Inc. Class B............................... 1,205 135,050 Watts Water Technologies, Inc. Class A............. 30,800 1,805,804 Werner Enterprises, Inc............................ 91,427 2,608,412 #* Wesco Aircraft Holdings, Inc....................... 51,999 678,067 #* WESCO International, Inc........................... 46,409 3,098,265 West Corp.......................................... 6,595 215,657 * Willdan Group, Inc................................. 6,854 95,887 * Willis Lease Finance Corp.......................... 8,183 169,061 Woodward, Inc...................................... 21,729 969,331 213 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) # WW Grainger, Inc................................... 5,500 $ 1,297,120 #* Xerium Technologies, Inc........................... 1,501 23,100 #* XPO Logistics, Inc................................. 22,096 812,912 Xylem, Inc......................................... 19,081 650,662 ------------ Total Industrials...................................... 509,114,119 ------------ Information Technology -- (12.7%) #* 3D Systems Corp.................................... 11,613 337,706 * ACI Worldwide, Inc................................. 57,101 1,054,655 Activision Blizzard, Inc........................... 213,323 4,457,384 * Actua Corp......................................... 49,589 798,383 * Acxiom Corp........................................ 75,579 1,375,538 * ADDvantage Technologies Group, Inc................. 7,160 16,611 # ADTRAN, Inc........................................ 38,698 855,613 * Advanced Energy Industries, Inc.................... 42,574 1,021,776 #* Advanced Micro Devices, Inc........................ 39,930 102,620 # Advent Software, Inc............................... 22,571 944,596 * Aehr Test Systems.................................. 2,692 7,161 * Agilysys, Inc...................................... 36,408 377,915 * Akamai Technologies, Inc........................... 9,524 553,868 * Alliance Data Systems Corp......................... 7,594 2,193,375 * Alpha & Omega Semiconductor, Ltd................... 7,291 63,942 Altera Corp........................................ 14,759 485,940 Amdocs, Ltd........................................ 14,311 689,504 American Software, Inc. Class A.................... 26,003 215,565 * Amkor Technology, Inc.............................. 204,272 1,297,127 Amphenol Corp. Class A............................. 24,051 1,291,779 * Amtech Systems, Inc................................ 8,142 66,520 #* ANADIGICS, Inc..................................... 86,065 92,950 Analog Devices, Inc................................ 22,899 1,193,152 * Anixter International, Inc......................... 17,082 1,287,300 * ANSYS, Inc......................................... 6,005 484,423 * AOL, Inc........................................... 91,685 3,965,376 Apple, Inc......................................... 308,343 36,125,466 Applied Materials, Inc............................. 70,077 1,600,559 * ARRIS Group, Inc................................... 90,663 2,377,184 * Arrow Electronics, Inc............................. 112,721 6,204,164 * Aspen Technology, Inc.............................. 7,189 254,095 Astro-Med, Inc..................................... 7,311 106,996 * Atmel Corp......................................... 61,833 515,069 * Autobytel, Inc..................................... 2,224 21,684 * Autodesk, Inc...................................... 10,099 545,396 Avago Technologies, Ltd............................ 14,754 1,517,892 * AVG Technologies NV................................ 24,953 493,570 * Aviat Networks, Inc................................ 63,193 80,887 * Avid Technology, Inc............................... 43,600 565,056 Avnet, Inc......................................... 126,038 5,245,702 AVX Corp........................................... 137,407 1,776,673 Aware, Inc......................................... 18,447 90,021 * Axcelis Technologies, Inc.......................... 101,937 244,649 * AXT, Inc........................................... 58,392 162,330 Badger Meter, Inc.................................. 16,601 993,736 #* Bankrate, Inc...................................... 71,742 895,340 214 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) Bel Fuse, Inc. Class A............................. 3,300 $ 68,310 Bel Fuse, Inc. Class B............................. 11,025 259,308 Belden, Inc........................................ 8,914 739,327 * Benchmark Electronics, Inc......................... 77,718 1,883,107 Black Box Corp..................................... 25,515 536,070 Blackbaud, Inc..................................... 17,374 759,418 * Blackhawk Network Holdings, Inc. Class B........... 16,275 538,865 * Blucora, Inc....................................... 44,670 603,938 Booz Allen Hamilton Holding Corp................... 10,556 307,285 * Bottomline Technologies de, Inc.................... 22,107 547,590 Broadcom Corp. Class A............................. 3,000 127,305 Broadridge Financial Solutions, Inc................ 24,825 1,191,352 * BroadVision, Inc................................... 4,752 28,655 Brocade Communications Systems, Inc................ 352,464 3,919,400 Brooks Automation, Inc............................. 118,859 1,534,470 * Bsquare Corp....................................... 8,148 36,096 * BTU International, Inc............................. 6,833 17,971 CA, Inc............................................ 61,441 1,861,662 * Cabot Microelectronics Corp........................ 21,805 1,077,385 * CACI International, Inc. Class A................... 33,094 2,799,421 #* Cadence Design Systems, Inc........................ 29,100 523,509 #* CalAmp Corp........................................ 10,864 194,574 * Calix, Inc......................................... 65,769 631,382 #* Cardtronics, Inc................................... 19,038 639,867 * Cartesian, Inc..................................... 1,166 4,839 * Cascade Microtech, Inc............................. 15,211 204,740 # Cass Information Systems, Inc...................... 12,142 532,062 CDW Corp........................................... 8,542 292,649 * Ceva, Inc.......................................... 24,182 442,772 * Checkpoint Systems, Inc............................ 50,611 655,919 #* ChyronHego Corp.................................... 2,300 6,429 * Ciber, Inc......................................... 102,295 330,413 #* Ciena Corp......................................... 32,391 599,881 * Cimpress NV........................................ 7,396 595,748 #* Cirrus Logic, Inc.................................. 51,729 1,370,818 Cisco Systems, Inc................................. 296,995 7,830,273 * Citrix Systems, Inc................................ 8,516 504,658 #* Clearfield, Inc.................................... 8,316 97,962 * Cognex Corp........................................ 19,934 732,574 * Coherent, Inc...................................... 22,667 1,402,634 Cohu, Inc.......................................... 33,534 379,940 Communications Systems, Inc........................ 13,122 134,500 * CommVault Systems, Inc............................. 6,486 282,660 Computer Sciences Corp............................. 28,653 1,738,664 Computer Task Group, Inc........................... 16,515 133,606 #* comScore, Inc...................................... 7,079 294,203 Comtech Telecommunications Corp.................... 24,798 819,326 * Comverse, Inc...................................... 989 17,040 Concurrent Computer Corp........................... 7,430 46,809 * Constant Contact, Inc.............................. 11,895 449,869 # Convergys Corp..................................... 126,940 2,432,170 * CoreLogic, Inc..................................... 85,227 2,829,536 Corning, Inc....................................... 144,927 3,444,915 215 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * CoStar Group, Inc.................................. 5,195 $ 958,529 * Covisint Corp...................................... 19,447 43,172 #* Cray, Inc.......................................... 22,481 730,408 #* Cree, Inc.......................................... 36,353 1,285,442 #* Crexendo, Inc...................................... 6,718 9,607 # CSG Systems International, Inc..................... 38,268 938,331 CSP, Inc........................................... 2,269 16,065 CTS Corp........................................... 37,499 599,984 * CyberOptics Corp................................... 7,973 86,985 Cypress Semiconductor Corp......................... 1,182 17,411 Daktronics, Inc.................................... 48,008 594,339 * Datalink Corp...................................... 17,293 196,448 #* Dataram Corp....................................... 1,316 3,172 #* Dealertrack Technologies, Inc...................... 39,373 1,582,795 * Demand Media, Inc.................................. 9,751 39,492 * Dice Holdings, Inc................................. 104,568 864,777 # Diebold, Inc....................................... 27,378 854,194 * Digi International, Inc............................ 29,624 282,909 # Digimarc Corp...................................... 5,363 144,908 #* Digital River, Inc................................. 46,992 1,199,706 * Diodes, Inc........................................ 45,910 1,213,401 Dolby Laboratories, Inc. Class A................... 13,106 508,513 * Dot Hill Systems Corp.............................. 43,235 180,290 * DSP Group, Inc..................................... 27,008 296,818 DST Systems, Inc................................... 23,034 2,227,388 * DTS, Inc........................................... 19,851 550,270 # EarthLink Holdings Corp............................ 166,795 703,875 * eBay, Inc.......................................... 38,237 2,026,561 # Ebix, Inc.......................................... 29,521 674,555 #* Echelon Corp....................................... 18,748 26,247 * EchoStar Corp. Class A............................. 39,899 2,081,531 * Edgewater Technology, Inc.......................... 8,479 59,777 Electro Rent Corp.................................. 28,178 363,214 Electro Scientific Industries, Inc................. 33,107 207,581 * Electronic Arts, Inc............................... 19,023 1,043,602 * Electronics for Imaging, Inc....................... 41,192 1,592,071 #* Ellie Mae, Inc..................................... 2,429 107,459 #* eMagin Corp........................................ 11,664 34,409 EMC Corp........................................... 110,200 2,857,486 * Emcore Corp........................................ 31,262 161,625 #* Emulex Corp........................................ 101,335 634,357 #* EnerNOC, Inc....................................... 38,787 667,912 * Entegris, Inc...................................... 161,194 2,095,522 #* Entropic Communications, Inc....................... 96,873 250,901 * Envestnet, Inc..................................... 3,782 194,660 * EPAM Systems, Inc.................................. 14,994 733,656 EPIQ Systems, Inc.................................. 45,396 792,160 * ePlus, Inc......................................... 8,798 593,337 # Equinix, Inc....................................... 4,076 883,921 * Euronet Worldwide, Inc............................. 48,710 2,210,947 * Exar Corp.......................................... 56,019 505,291 * ExlService Holdings, Inc........................... 22,179 651,619 #* Extreme Networks, Inc.............................. 102,706 301,956 216 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * F5 Networks, Inc................................... 3,400 $ 379,508 * Fabrinet........................................... 37,604 614,073 # FactSet Research Systems, Inc...................... 5,700 818,463 Fair Isaac Corp.................................... 29,958 2,137,503 * Fairchild Semiconductor International, Inc......... 183,728 2,820,225 * FalconStor Software, Inc........................... 29,232 40,340 * FARO Technologies, Inc............................. 11,514 637,300 FEI Co............................................. 9,061 744,995 Fidelity National Information Services, Inc........ 67,792 4,232,255 #* Finisar Corp....................................... 71,998 1,306,044 #* First Solar, Inc................................... 50,102 2,120,317 * Fiserv, Inc........................................ 26,901 1,951,130 FLIR Systems, Inc.................................. 43,414 1,311,103 * FormFactor, Inc.................................... 82,257 621,040 # Forrester Research, Inc............................ 16,811 634,447 * Fortinet, Inc...................................... 5,632 168,369 #* Freescale Semiconductor, Ltd....................... 8,279 265,673 * Frequency Electronics, Inc......................... 8,185 93,350 * Gartner, Inc....................................... 8,459 712,417 * Genpact, Ltd....................................... 42,456 852,092 * GigOptix, Inc...................................... 3,278 3,770 * Global Cash Access Holdings, Inc................... 105,561 697,758 Global Payments, Inc............................... 14,975 1,307,467 Globalscape, Inc................................... 2,198 5,099 * Google, Inc. Class A............................... 5,627 3,024,794 * Google, Inc. Class C............................... 5,269 2,816,386 * GSE Systems, Inc................................... 26,843 44,559 * GSI Group, Inc..................................... 38,037 502,849 * GSI Technology, Inc................................ 17,271 87,391 * GTT Communications, Inc............................ 15,040 173,110 #* Guidance Software, Inc............................. 7,101 46,583 * Guidewire Software, Inc............................ 284 14,228 # Hackett Group, Inc. (The).......................... 41,738 316,374 * Harmonic, Inc...................................... 141,503 1,082,498 Harris Corp........................................ 9,532 639,883 # Heartland Payment Systems, Inc..................... 13,540 673,886 Hewlett-Packard Co................................. 265,841 9,604,835 * HomeAway, Inc...................................... 6,300 160,587 #* Hutchinson Technology, Inc......................... 52,713 183,968 IAC/InterActiveCorp................................ 42,469 2,588,486 * ID Systems, Inc.................................... 11,992 79,027 * Identiv, Inc....................................... 4,291 54,110 * IEC Electronics Corp............................... 7,468 33,457 * iGATE Corp......................................... 29,212 1,034,105 * II-VI, Inc......................................... 52,824 908,045 #* Imation Corp....................................... 39,287 147,719 #* Immersion Corp..................................... 21,510 202,409 #* Infinera Corp...................................... 82,316 1,326,934 * Informatica Corp................................... 8,896 370,830 * Ingram Micro, Inc. Class A......................... 161,659 4,070,574 * Innodata, Inc...................................... 21,458 61,370 #* Inphi Corp......................................... 23,122 453,191 * Insight Enterprises, Inc........................... 64,391 1,524,135 217 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Integrated Device Technology, Inc.................. 187,332 $ 3,426,302 Integrated Silicon Solution, Inc................... 43,251 695,476 Intel Corp......................................... 534,019 17,643,988 #* Intellicheck Mobilisa, Inc......................... 287 422 #* Interactive Intelligence Group, Inc................ 6,995 283,717 # InterDigital, Inc.................................. 28,974 1,448,121 #* Internap Corp...................................... 61,414 517,106 * Interphase Corp.................................... 4,200 8,652 Intersil Corp. Class A............................. 147,971 2,117,465 * inTEST Corp........................................ 2,202 9,336 #* Intevac, Inc....................................... 28,356 184,314 * IntraLinks Holdings, Inc........................... 26,655 284,142 * IntriCon Corp...................................... 6,777 50,150 Intuit, Inc........................................ 5,892 511,543 #* Inuvo, Inc......................................... 3,127 4,003 #* IPG Photonics Corp................................. 10,614 792,229 * Iteris, Inc........................................ 13,000 23,400 #* Itron, Inc......................................... 37,293 1,387,673 * Ixia............................................... 62,669 635,464 IXYS Corp.......................................... 48,330 546,129 # j2 Global, Inc..................................... 36,351 2,088,001 Jabil Circuit, Inc................................. 159,346 3,284,121 Jack Henry & Associates, Inc....................... 13,049 800,817 * JDS Uniphase Corp.................................. 156,551 1,902,095 Juniper Networks, Inc.............................. 218,330 4,962,641 #* Kemet Corp......................................... 49,217 187,025 * Key Tronic Corp.................................... 11,045 101,835 * Keysight Technologies, Inc......................... 7,600 253,764 * Kimball Electronics, Inc........................... 26,729 272,101 KLA-Tencor Corp.................................... 11,000 676,170 #* Knowles Corp....................................... 13,768 292,019 * Kofax, Ltd......................................... 8,658 59,654 #* Kopin Corp......................................... 75,094 274,093 * Kulicke & Soffa Industries, Inc.................... 119,378 1,810,964 * KVH Industries, Inc................................ 18,537 224,298 Lam Research Corp.................................. 27,049 2,067,626 * Lattice Semiconductor Corp......................... 128,936 919,314 Leidos Holdings, Inc............................... 39,331 1,628,303 # Lexmark International, Inc. Class A................ 73,659 2,939,731 * LGL Group, Inc. (The).............................. 1,300 4,940 * Limelight Networks, Inc............................ 132,023 351,181 Linear Technology Corp............................. 3,740 168,076 * Lionbridge Technologies, Inc....................... 38,881 193,627 #* Liquidity Services, Inc............................ 1,243 9,621 Littelfuse, Inc.................................... 15,844 1,564,437 * LoJack Corp........................................ 26,126 55,387 * M/A-COM Technology Solutions Holdings, Inc......... 3,701 120,320 * Magnachip Semiconductor Corp....................... 41,376 594,987 * Manhattan Associates, Inc.......................... 42,340 1,890,058 # ManTech International Corp. Class A................ 36,772 1,196,193 Marchex, Inc. Class B.............................. 28,607 108,993 Marvell Technology Group, Ltd...................... 233,467 3,616,404 #* Mattersight Corp................................... 2,773 15,390 218 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Mattson Technology, Inc............................ 48,582 $ 159,835 Maxim Integrated Products, Inc..................... 16,551 547,673 MAXIMUS, Inc....................................... 39,422 2,196,594 * MaxLinear, Inc. Class A............................ 7,390 59,489 #* Maxwell Technologies, Inc.......................... 40,563 322,881 Mentor Graphics Corp............................... 128,718 2,961,801 * Mercury Systems, Inc............................... 46,887 739,877 # Mesa Laboratories, Inc............................. 2,992 227,901 Methode Electronics, Inc........................... 42,014 1,519,646 Micrel, Inc........................................ 58,395 821,618 # Microchip Technology, Inc.......................... 16,072 724,847 * Micron Technology, Inc............................. 511,968 14,982,744 * Microsemi Corp..................................... 91,858 2,559,164 MKS Instruments, Inc............................... 75,273 2,635,308 MOCON, Inc......................................... 7,200 124,920 #* ModusLink Global Solutions, Inc.................... 41,970 151,512 #* MoneyGram International, Inc....................... 3,779 32,197 Monolithic Power Systems, Inc...................... 31,902 1,515,026 Monotype Imaging Holdings, Inc..................... 34,236 1,004,484 #* Monster Worldwide, Inc............................. 123,526 510,162 #* MoSys, Inc......................................... 34,527 69,399 Motorola Solutions, Inc............................ 16,975 1,059,410 MTS Systems Corp................................... 11,683 844,447 * Multi-Fineline Electronix, Inc..................... 22,775 296,303 #* Nanometrics, Inc................................... 32,600 506,604 * NAPCO Security Technologies, Inc................... 11,790 58,596 National Instruments Corp.......................... 16,234 488,319 * NCI, Inc. Class A.................................. 7,471 92,043 * NCR Corp........................................... 76,619 1,946,123 * NeoPhotonics Corp.................................. 3,057 9,171 NetApp, Inc........................................ 32,022 1,210,432 * NETGEAR, Inc....................................... 50,527 1,706,297 #* Netscout Systems, Inc.............................. 26,955 967,684 #* NetSuite, Inc...................................... 2,884 283,872 #* NeuStar, Inc. Class A.............................. 7,297 191,838 * Newport Corp....................................... 54,419 1,007,840 NIC, Inc........................................... 22,920 376,346 * Novatel Wireless, Inc.............................. 39,494 208,528 #* Nuance Communications, Inc......................... 138,720 1,906,706 #* Numerex Corp. Class A.............................. 5,996 62,838 NVIDIA Corp........................................ 47,746 916,962 #* Oclaro, Inc........................................ 74,291 106,236 * OmniVision Technologies, Inc....................... 64,775 1,751,516 * ON Semiconductor Corp.............................. 124,690 1,248,147 #* Onvia, Inc......................................... 700 3,241 Optical Cable Corp................................. 6,626 34,521 Oracle Corp........................................ 126,667 5,306,081 * OSI Systems, Inc................................... 15,752 1,102,325 #* Pandora Media, Inc................................. 1,300 21,580 * PAR Technology Corp................................ 12,088 69,385 Park Electrochemical Corp.......................... 22,637 491,449 #* Parkervision, Inc.................................. 2,838 2,895 PC Connection, Inc................................. 29,822 708,272 219 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) PC-Tel, Inc........................................ 23,419 $ 196,485 * PCM, Inc........................................... 14,990 142,405 * PDF Solutions, Inc................................. 21,746 361,419 Pegasystems, Inc................................... 18,502 362,084 Perceptron, Inc.................................... 9,285 99,442 * Perficient, Inc.................................... 34,541 621,738 * Pericom Semiconductor Corp......................... 26,855 392,352 #* Photronics, Inc.................................... 69,600 584,640 #* Planar Systems, Inc................................ 24,955 182,671 Plantronics, Inc................................... 28,749 1,317,567 * Plexus Corp........................................ 39,114 1,482,029 * PMC-Sierra, Inc.................................... 217,500 1,922,700 * Polycom, Inc....................................... 117,441 1,561,965 Power Integrations, Inc............................ 14,548 750,386 * PRGX Global, Inc................................... 28,843 149,695 #* Procera Networks, Inc.............................. 23,415 205,584 * Progress Software Corp............................. 45,735 1,145,662 * PTC, Inc........................................... 15,383 513,946 QAD, Inc. Class A.................................. 8,223 159,033 QAD, Inc. Class B.................................. 2,342 40,540 * QLogic Corp........................................ 99,091 1,323,856 * Qorvo, Inc......................................... 139,934 10,336,925 QUALCOMM, Inc...................................... 45,397 2,835,497 * Qualstar Corp...................................... 6,493 9,220 #* Quantum Corp....................................... 51,697 81,681 #* QuinStreet, Inc.................................... 5,600 28,672 * Qumu Corp.......................................... 10,312 146,430 #* Rackspace Hosting, Inc............................. 13,033 585,964 * Radisys Corp....................................... 33,213 77,054 #* Rambus, Inc........................................ 64,753 728,471 * RealNetworks, Inc.................................. 74,977 527,088 * Red Hat, Inc....................................... 6,300 401,877 Reis, Inc.......................................... 11,179 251,527 #* Relm Wireless Corp................................. 7,900 42,107 #* Remark Media, Inc.................................. 844 3,756 # RF Industries, Ltd................................. 7,730 34,708 Richardson Electronics, Ltd........................ 15,984 149,770 #* Rightside Group, Ltd............................... 4,858 38,378 * Riverbed Technology, Inc........................... 14,550 299,439 * Rofin-Sinar Technologies, Inc...................... 35,996 969,012 * Rogers Corp........................................ 16,423 1,213,003 #* Rosetta Stone, Inc................................. 23,564 212,547 * Rovi Corp.......................................... 84,002 1,941,286 #* Rubicon Technology, Inc............................ 18,870 78,499 * Rudolph Technologies, Inc.......................... 43,348 434,780 #* Saba Software, Inc................................. 13,285 128,067 SanDisk Corp....................................... 17,377 1,319,088 * Sanmina Corp....................................... 112,692 2,386,817 * Sapient Corp....................................... 108,321 2,692,860 * ScanSource, Inc.................................... 33,220 1,145,426 Science Applications International Corp............ 17,783 867,455 #* Seachange International, Inc....................... 38,662 272,954 # Seagate Technology P.L.C........................... 23,709 1,338,136 220 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Selectica, Inc..................................... 628 $ 2,901 * Semtech Corp....................................... 41,469 1,055,801 * ServiceSource International, Inc................... 3,531 11,829 * Sevcon, Inc........................................ 1,971 14,645 * ShoreTel, Inc...................................... 50,584 358,135 #* Shutterstock, Inc.................................. 6,356 357,779 * Sigma Designs, Inc................................. 53,876 342,651 #* Silicon Graphics International Corp................ 14,772 139,300 * Silicon Image, Inc................................. 86,050 624,723 * Silicon Laboratories, Inc.......................... 22,419 981,055 Skyworks Solutions, Inc............................ 27,122 2,252,482 * SMTC Corp.......................................... 4,872 8,088 * SolarWinds, Inc.................................... 8,282 398,778 Solera Holdings, Inc............................... 6,600 340,560 * Sonus Networks, Inc................................ 21,398 408,278 * Spansion, Inc. Class A............................. 62,265 2,207,917 #* Speed Commerce, Inc................................ 27,494 65,436 SS&C Technologies Holdings, Inc.................... 42,332 2,342,230 * Stamps.com, Inc.................................... 18,633 849,106 * StarTek, Inc....................................... 15,566 146,787 #* Stratasys, Ltd..................................... 36,412 2,894,390 #* SunEdison, Inc..................................... 147,202 2,757,093 #* SunPower Corp...................................... 91,385 2,204,206 * Super Micro Computer, Inc.......................... 48,163 1,761,321 * support.com, Inc................................... 54,173 106,179 * Sykes Enterprises, Inc............................. 61,077 1,375,454 Symantec Corp...................................... 78,443 1,943,033 #* Synaptics, Inc..................................... 21,683 1,665,471 * Synchronoss Technologies, Inc...................... 21,969 933,023 # SYNNEX Corp........................................ 55,957 4,151,450 * Synopsys, Inc...................................... 18,273 785,556 #* Syntel, Inc........................................ 8,475 366,544 * Tableau Software, Inc. Class A..................... 1,500 121,140 #* Take-Two Interactive Software, Inc................. 168,208 4,999,142 TE Connectivity, Ltd............................... 29,720 1,973,111 * Tech Data Corp..................................... 66,692 3,808,113 * TechTarget, Inc.................................... 4,884 53,968 * TeleCommunication Systems, Inc. Class A............ 75,824 214,582 #* Telenav, Inc....................................... 56,453 365,815 * TeleTech Holdings, Inc............................. 37,550 828,353 #* Teradata Corp...................................... 14,084 627,583 Teradyne, Inc...................................... 104,040 1,883,124 # Tessco Technologies, Inc........................... 11,369 257,508 Tessera Technologies, Inc.......................... 58,211 2,158,464 TheStreet, Inc..................................... 31,182 64,859 #* TiVo, Inc.......................................... 37,762 394,991 Total System Services, Inc......................... 35,068 1,240,355 # Transact Technologies, Inc......................... 7,182 42,733 * Trimble Navigation, Ltd............................ 14,440 344,250 * Trio Tech International............................ 2,616 7,743 * TSR, Inc........................................... 722 3,069 #* TTM Technologies, Inc.............................. 120,290 836,015 * Tyler Technologies, Inc............................ 8,902 944,324 221 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) #* Ultimate Software Group, Inc. (The)................ 2,149 $ 318,073 * Ultra Clean Holdings, Inc.......................... 25,665 225,852 #* Ultratech, Inc..................................... 33,727 537,608 * Unisys Corp........................................ 11,891 260,770 * United Online, Inc................................. 15,283 201,736 * Universal Security Instruments, Inc................ 1,213 7,496 * Unwired Planet, Inc................................ 66,037 65,179 #* USA Technologies, Inc.............................. 1,583 3,119 * Vantiv, Inc. Class A............................... 19,002 653,479 #* Veeco Instruments, Inc............................. 46,639 1,360,460 #* VeriFone Systems, Inc.............................. 25,658 805,405 * Verint Systems, Inc................................ 17,396 928,598 #* VeriSign, Inc...................................... 7,900 430,392 #* ViaSat, Inc........................................ 21,187 1,191,133 * Viasystems Group, Inc.............................. 17,945 287,299 # Vicon Industries, Inc.............................. 1,600 2,480 * Video Display Corp................................. 6,495 16,302 * Virtusa Corp....................................... 20,744 777,070 Visa, Inc. Class A................................. 29,003 7,393,155 # Vishay Intertechnology, Inc........................ 169,836 2,313,166 * Vishay Precision Group, Inc........................ 17,886 297,623 # Wayside Technology Group, Inc...................... 4,672 82,835 * Web.com Group, Inc................................. 29,853 451,079 #* WebMD Health Corp.................................. 5,912 229,090 * Westell Technologies, Inc. Class A................. 54,239 67,799 Western Digital Corp............................... 42,517 4,133,928 * WEX, Inc........................................... 15,860 1,459,913 * Xcerra Corp........................................ 54,157 415,926 Xerox Corp......................................... 731,469 9,633,447 Xilinx, Inc........................................ 19,483 751,557 * XO Group, Inc...................................... 34,724 570,863 * Yahoo!, Inc........................................ 75,369 3,315,482 * Zebra Technologies Corp. Class A................... 18,164 1,515,967 #* Zix Corp........................................... 45,198 160,001 #* Zynga, Inc. Class A................................ 306,455 784,525 ------------ Total Information Technology........................... 494,885,617 ------------ Materials -- (5.1%) A Schulman, Inc.................................... 33,647 1,172,598 * AEP Industries, Inc................................ 5,894 295,348 Air Products & Chemicals, Inc...................... 7,652 1,114,208 Airgas, Inc........................................ 7,620 858,317 Albemarle Corp..................................... 39,669 1,914,426 Alcoa, Inc......................................... 555,703 8,696,752 Allegheny Technologies, Inc........................ 102,088 2,912,571 #* Allied Nevada Gold Corp............................ 2,500 2,575 #* AM Castle & Co..................................... 25,873 156,532 * American Biltrite, Inc............................. 22 9,460 # American Vanguard Corp............................. 28,100 314,158 Ampco-Pittsburgh Corp.............................. 11,203 203,895 # Aptargroup, Inc.................................... 22,226 1,402,683 Ashland, Inc....................................... 23,530 2,788,776 Avery Dennison Corp................................ 27,629 1,444,168 222 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) Axiall Corp........................................ 81,673 $3,614,030 Balchem Corp....................................... 9,282 491,668 Ball Corp.......................................... 12,700 804,291 Bemis Co., Inc..................................... 55,214 2,445,980 * Berry Plastics Group, Inc.......................... 15,553 526,002 * Boise Cascade Co................................... 17,953 726,019 Cabot Corp......................................... 61,093 2,590,954 * Calgon Carbon Corp................................. 42,107 830,771 Carpenter Technology Corp.......................... 32,342 1,227,055 Celanese Corp. Series A............................ 20,921 1,124,713 * Century Aluminum Co................................ 125,243 2,894,366 CF Industries Holdings, Inc........................ 12,112 3,698,763 Chase Corp......................................... 8,818 315,684 * Chemtura Corp...................................... 112,467 2,450,656 * Clearwater Paper Corp.............................. 23,578 1,745,244 # Cliffs Natural Resources, Inc...................... 24,204 155,390 #* Codexis, Inc....................................... 15,600 59,592 #* Coeur Mining, Inc.................................. 100,299 631,884 Commercial Metals Co............................... 195,487 2,623,436 Compass Minerals International, Inc................ 7,797 681,458 * Contango ORE, Inc.................................. 1,008 4,032 * Continental Materials Corp......................... 73 1,270 * Core Molding Technologies, Inc..................... 8,483 123,003 * Crown Holdings, Inc................................ 6,500 288,015 Cytec Industries, Inc.............................. 89,328 4,286,851 # Deltic Timber Corp................................. 7,904 494,000 Domtar Corp........................................ 77,364 2,963,041 Dow Chemical Co. (The)............................. 89,475 4,040,691 Eagle Materials, Inc............................... 21,934 1,562,139 Eastman Chemical Co................................ 30,173 2,138,964 Ecolab, Inc........................................ 9,795 1,016,427 EI du Pont de Nemours & Co......................... 24,100 1,716,161 * Ferro Corp......................................... 105,984 1,179,602 #* Flotek Industries, Inc............................. 21,014 339,796 FMC Corp........................................... 10,200 586,500 Freeport-McMoRan, Inc.............................. 230,243 3,870,385 Friedman Industries, Inc........................... 10,403 65,123 FutureFuel Corp.................................... 53,069 583,228 #* General Moly, Inc.................................. 85,417 51,250 Globe Specialty Metals, Inc........................ 31,128 479,994 * Graphic Packaging Holding Co....................... 340,196 4,926,038 Greif, Inc. Class A................................ 22,379 854,878 Greif, Inc. Class B................................ 8,346 365,638 # Hawkins, Inc....................................... 10,541 405,934 Haynes International, Inc.......................... 16,424 639,386 HB Fuller Co....................................... 45,056 1,854,054 * Headwaters, Inc.................................... 58,852 828,636 # Hecla Mining Co.................................... 333,319 1,096,620 #* Horsehead Holding Corp............................. 66,543 894,338 # Huntsman Corp...................................... 154,129 3,384,673 Innophos Holdings, Inc............................. 20,709 1,233,014 Innospec, Inc...................................... 20,047 791,255 International Flavors & Fragrances, Inc............ 5,882 624,139 223 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) International Paper Co............................. 67,274 $3,542,649 #* Intrepid Potash, Inc............................... 27,179 361,752 Kaiser Aluminum Corp............................... 21,204 1,469,649 KapStone Paper and Packaging Corp.................. 123,677 3,694,232 KMG Chemicals, Inc................................. 12,211 255,454 Koppers Holdings, Inc.............................. 14,697 266,898 * Kraton Performance Polymers, Inc................... 40,603 785,262 # Kronos Worldwide, Inc.............................. 28,247 317,214 #* Louisiana-Pacific Corp............................. 169,134 2,768,724 * LSB Industries, Inc................................ 25,678 802,181 LyondellBasell Industries NV Class A............... 11,014 871,097 Martin Marietta Materials, Inc..................... 12,753 1,374,008 Materion Corp...................................... 32,148 1,059,277 #* McEwen Mining, Inc................................. 189,521 236,901 MeadWestvaco Corp.................................. 99,011 4,978,273 * Mercer International, Inc.......................... 63,379 803,646 Minerals Technologies, Inc......................... 36,350 2,374,745 #* Mines Management, Inc.............................. 7,985 4,072 Monsanto Co........................................ 9,533 1,124,703 Mosaic Co. (The)................................... 94,681 4,610,018 Myers Industries, Inc.............................. 50,234 836,396 Neenah Paper, Inc.................................. 17,305 992,961 NewMarket Corp..................................... 1,500 674,505 Newmont Mining Corp................................ 194,708 4,896,906 Noranda Aluminum Holding Corp...................... 80,875 245,051 * Northern Technologies International Corp........... 3,755 76,733 Nucor Corp......................................... 34,291 1,496,802 # Olin Corp.......................................... 118,194 2,963,124 # Olympic Steel, Inc................................. 12,310 168,770 OM Group, Inc...................................... 36,502 1,022,056 * OMNOVA Solutions, Inc.............................. 51,430 352,810 * Owens-Illinois, Inc................................ 50,757 1,185,176 Packaging Corp. of America......................... 18,728 1,420,519 * Penford Corp....................................... 11,940 224,711 PH Glatfelter Co................................... 47,558 1,087,651 PolyOne Corp....................................... 58,142 2,069,274 PPG Industries, Inc................................ 3,826 852,739 Quaker Chemical Corp............................... 13,900 1,096,988 Reliance Steel & Aluminum Co....................... 83,663 4,381,431 #* Rentech, Inc....................................... 182,957 219,548 * Resolute Forest Products, Inc...................... 26,917 457,589 Rock-Tenn Co. Class A.............................. 95,588 6,203,661 # Royal Gold, Inc.................................... 26,913 1,950,116 RPM International, Inc............................. 18,756 897,662 * RTI International Metals, Inc...................... 33,542 747,987 Schnitzer Steel Industries, Inc. Class A........... 48,796 823,676 Schweitzer-Mauduit International, Inc.............. 31,776 1,234,815 Scotts Miracle-Gro Co. (The) Class A............... 9,147 580,194 Sealed Air Corp.................................... 36,593 1,482,016 #* Senomyx, Inc....................................... 14,431 76,196 Sensient Technologies Corp......................... 43,960 2,681,560 Sherwin-Williams Co. (The)......................... 1,508 409,075 Sigma-Aldrich Corp................................. 6,719 923,997 224 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) Silgan Holdings, Inc............................... 14,295 $ 734,906 Sonoco Products Co................................. 47,019 2,078,240 Steel Dynamics, Inc................................ 246,790 4,205,302 Stepan Co.......................................... 14,000 537,600 #* Stillwater Mining Co............................... 135,749 1,855,689 SunCoke Energy, Inc................................ 94,807 1,431,586 Synalloy Corp...................................... 8,022 133,967 TimkenSteel Corp................................... 11,569 312,363 * Trecora Resources.................................. 18,097 248,834 Tredegar Corp...................................... 22,695 485,446 Tronox, Ltd. Class A............................... 30,993 655,192 United States Lime & Minerals, Inc................. 5,495 379,979 # United States Steel Corp........................... 141,607 3,460,875 #* Universal Stainless & Alloy Products, Inc.......... 8,514 189,777 # Valhi, Inc......................................... 15,640 89,461 Valspar Corp. (The)................................ 15,594 1,301,007 #* Verso Corp......................................... 1,365 2,867 Vulcan Materials Co................................ 28,864 2,035,201 # Walter Energy, Inc................................. 61,308 57,151 # Wausau Paper Corp.................................. 55,527 564,154 Westlake Chemical Corp............................. 28,492 1,632,877 Worthington Industries, Inc........................ 59,393 1,777,632 * WR Grace & Co...................................... 7,182 622,536 Zep, Inc........................................... 24,727 396,127 ------------ Total Materials........................................ 198,235,717 ------------ Other -- (0.0%) o* FRD Acquisition Co. Escrow Shares.................. 14,091 -- o* Gerber Scientific, Inc. Escrow Shares.............. 24,204 -- o* Softbrands, Inc. Escrow Shares..................... 5,800 -- ------------ Total Other............................................ -- ------------ Real Estate Investment Trusts -- (0.1%) CareTrust REIT, Inc................................ 28,702 386,903 # Iron Mountain, Inc................................. 23,604 940,383 # Lamar Advertising Co. Class A...................... 10,244 573,869 ------------ Total Real Estate Investment Trusts.................... 1,901,155 ------------ Telecommunication Services -- (2.4%) #* Alaska Communications Systems Group, Inc........... 5,797 10,319 * Alteva............................................. 5,727 41,807 # AT&T, Inc.......................................... 1,415,503 46,598,359 Atlantic Tele-Network, Inc......................... 16,863 1,120,209 #* Boingo Wireless, Inc............................... 5,989 50,607 CenturyLink, Inc................................... 124,056 4,611,162 * Cincinnati Bell, Inc............................... 119,766 350,914 Cogent Communications Holdings, Inc................ 16,498 611,416 # Consolidated Communications Holdings, Inc.......... 52,561 1,223,620 # Frontier Communications Corp....................... 1,416,600 9,512,469 * General Communication, Inc. Class A................ 62,261 913,991 #* Hawaiian Telcom Holdco, Inc........................ 2,120 55,184 IDT Corp. Class B.................................. 25,636 547,585 225 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Telecommunication Services -- (Continued) Inteliquent, Inc................................... 61,946 $ 1,041,932 #* Intelsat SA........................................ 7,497 118,078 #* Iridium Communications, Inc........................ 78,908 671,507 * Level 3 Communications, Inc........................ 15,731 782,460 # Lumos Networks Corp................................ 19,200 307,776 NTELOS Holdings Corp............................... 10,981 45,022 * ORBCOMM, Inc....................................... 63,383 352,409 * Premiere Global Services, Inc...................... 68,015 601,253 * SBA Communications Corp. Class A................... 3,000 350,100 Shenandoah Telecommunications Co................... 60,766 1,805,358 Spok Holdings, Inc................................. 27,937 478,281 #* Sprint Corp........................................ 101,857 437,985 #* Straight Path Communications, Inc. Class B......... 9,503 182,268 #* T-Mobile US, Inc................................... 31,130 939,503 Telephone & Data Systems, Inc...................... 128,389 2,985,044 #* United States Cellular Corp........................ 27,886 970,154 Verizon Communications, Inc........................ 259,639 11,868,099 * Vonage Holdings Corp............................... 263,850 1,108,170 Windstream Holdings, Inc........................... 339,676 2,700,424 ----------- Total Telecommunication Services....................... 93,393,465 ----------- Utilities -- (1.2%) AES Corp........................................... 105,777 1,292,595 AGL Resources, Inc................................. 10,844 611,385 ALLETE, Inc........................................ 16,856 954,892 Alliant Energy Corp................................ 53 3,636 American States Water Co........................... 13,253 525,349 # Aqua America, Inc.................................. 15,815 427,796 # Artesian Resources Corp. Class A................... 2,239 49,594 Atmos Energy Corp.................................. 9,190 523,003 # Avista Corp........................................ 22,079 819,793 Black Hills Corp................................... 16,964 850,914 #* Cadiz, Inc......................................... 2,750 26,565 California Water Service Group..................... 16,650 408,591 * Calpine Corp....................................... 70,798 1,478,262 # Chesapeake Utilities Corp.......................... 7,818 381,206 Cleco Corp......................................... 7,349 399,492 CMS Energy Corp.................................... 17,300 652,729 Connecticut Water Service, Inc..................... 5,049 181,562 # Consolidated Water Co., Ltd........................ 17,333 188,063 Delta Natural Gas Co., Inc......................... 1,858 39,445 * Dynegy, Inc........................................ 117,257 3,203,461 El Paso Electric Co................................ 14,715 589,483 Empire District Electric Co. (The)................. 14,690 447,604 Gas Natural, Inc................................... 3,260 31,785 # Genie Energy, Ltd. Class B......................... 22,104 138,592 Great Plains Energy, Inc........................... 24,561 726,269 Hawaiian Electric Industries, Inc.................. 23,207 796,000 # IDACORP, Inc....................................... 19,560 1,328,320 Integrys Energy Group, Inc......................... 7,049 571,674 ITC Holdings Corp.................................. 14,352 610,534 # Laclede Group, Inc. (The).......................... 12,428 668,129 MDU Resources Group, Inc........................... 6,672 150,854 226 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Utilities -- (Continued) # MGE Energy, Inc.................................... 10,134 $ 465,151 # Middlesex Water Co................................. 8,885 194,315 # National Fuel Gas Co............................... 5,594 354,827 New Jersey Resources Corp.......................... 14,953 955,198 # Northeast Utilities................................ 15,733 874,440 # Northwest Natural Gas Co........................... 6,831 340,935 NorthWestern Corp.................................. 15,687 906,081 NRG Energy, Inc.................................... 150,120 3,701,959 # NRG Yield, Inc. Class A............................ 242 12,797 OGE Energy Corp.................................... 10,600 372,908 # ONE Gas, Inc....................................... 17,131 757,019 # Ormat Technologies, Inc............................ 39,085 1,045,524 # Otter Tail Corp.................................... 9,700 299,924 Pepco Holdings, Inc................................ 1,371 37,634 Piedmont Natural Gas Co., Inc...................... 9,001 359,050 Pinnacle West Capital Corp......................... 7,400 519,332 PNM Resources, Inc................................. 29,970 914,085 # Portland General Electric Co....................... 27,198 1,079,761 Questar Corp....................................... 32,130 833,774 RGC Resources, Inc................................. 400 8,596 SJW Corp........................................... 18,956 640,144 South Jersey Industries, Inc....................... 11,358 661,604 Southwest Gas Corp................................. 17,466 1,073,460 # TECO Energy, Inc................................... 22,471 479,306 UGI Corp........................................... 204,900 7,579,251 # UIL Holdings Corp.................................. 18,288 841,248 # Unitil Corp........................................ 7,713 288,158 Vectren Corp....................................... 12,520 599,958 # Westar Energy, Inc................................. 13,346 570,141 # WGL Holdings, Inc.................................. 17,896 1,011,124 # York Water Co...................................... 4,729 111,935 Total Utilities......................................... 46,967,216 -------------- TOTAL COMMON STOCKS..................................... 3,401,664,440 -------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights......... 2,758 -- o* Community Health Systems, Inc. Rights 01/04/16..... 21,176 572 o#* Empire Resorts, Inc. Rights 02/02/2015............. 586 -- o* Furiex Pharmaceuticals Contingent Value Rights..... 8,317 81,257 o#* Ikanos Communications Rights 01/12/2015............ 8,330 -- o* Leap Wireless International, Inc. Contingent Value Rights........................................... 39,583 99,749 o* LGL Group, Inc. (The) Warrants 08/06/18............ 6,500 52 o#* Magnum Hunter Resources Corp. Warrants 04/15/16.... 15,504 -- o* Providence Service Corp. (The) Rights 02/05/2015... 968 -- o* Safeway Casa Ley Contingent Value Rights........... 51,128 51,890 o* Safeway PDC, LLC Contingent Value Rights........... 51,128 2,495 o* Sears Holdings Corporation Rights.................. 1 -- o* Southern Community Financial Corp. Contingent Value Rights..................................... 7,908 7,321 227 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- o* Tejon Ranch Co. Warrants 08/31/16............. 2,579 $ 3,791 -------------- TOTAL RIGHTS/WARRANTS............................... 247,127 -------------- BONDS -- (0.0%) Other -- (0.0%) o* Capital Properties, Inc., 5.000%.............. 277 259 -------------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional Liquid Reserves, 0.089%...................................... 4,773,705 4,773,705 -------------- SECURITIES LENDING COLLATERAL -- (12.4%) (S)@ DFA Short Term Investment Fund................ 41,689,962 482,352,866 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,904,015,371)^^........................... $3,889,038,397 ============== 228 U.S. VECTOR EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary... $ 505,710,973 -- -- $ 505,710,973 Consumer Staples......... 157,270,579 -- -- 157,270,579 Energy................... 319,598,271 -- -- 319,598,271 Financials............... 783,778,951 $ 253 -- 783,779,204 Health Care.............. 290,808,124 -- -- 290,808,124 Industrials.............. 509,114,119 -- -- 509,114,119 Information Technology... 494,885,617 -- -- 494,885,617 Materials................ 198,235,717 -- -- 198,235,717 Other.................... -- -- -- -- Real Estate Investment Trusts................. 1,901,155 -- -- 1,901,155 Telecommunication Services............... 93,393,465 -- -- 93,393,465 Utilities................ 46,967,216 -- -- 46,967,216 Rights/Warrants............. -- 247,127 -- 247,127 Bonds Other.................... -- 259 -- 259 Temporary Cash Investments.. 4,773,705 -- -- 4,773,705 Securities Lending Collateral................ -- 482,352,866 -- 482,352,866 -------------- ------------ -- -------------- TOTAL....................... $3,406,437,892 $482,600,505 -- $3,889,038,397 ============== ============ == ============== 229 U.S. SMALL CAP PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ----------- COMMON STOCKS -- (82.0%) Consumer Discretionary -- (15.0%) * 1-800-Flowers.com, Inc. Class A.................... 198,531 $ 1,566,410 Aaron's, Inc....................................... 445,244 14,096,425 # Abercrombie & Fitch Co. Class A.................... 378,653 9,663,225 #* Aeropostale, Inc................................... 446,342 1,089,074 * AG&E Holdings, Inc................................. 33,182 24,223 AH Belo Corp. Class A.............................. 107,234 967,251 * Ambassadors Group, Inc............................. 59,882 150,903 AMCON Distributing Co.............................. 2,169 176,231 #* America's Car-Mart, Inc............................ 60,841 3,231,266 * American Axle & Manufacturing Holdings, Inc........ 566,746 13,800,265 # American Eagle Outfitters, Inc..................... 1,382,018 19,403,533 #* American Public Education, Inc..................... 117,107 3,931,282 * ANN, Inc........................................... 360,334 11,927,055 * Apollo Education Group, Inc. Class A............... 454,353 11,476,957 Arctic Cat, Inc.................................... 90,908 3,056,327 Ark Restaurants Corp............................... 17,030 419,449 * Asbury Automotive Group, Inc....................... 226,135 16,781,478 * Ascena Retail Group, Inc........................... 24,329 281,243 #* Ascent Capital Group, Inc. Class A................. 71,391 3,020,553 * Ballantyne Strong, Inc............................. 87,244 356,828 * Barnes & Noble, Inc................................ 442,049 10,383,731 Bassett Furniture Industries, Inc.................. 149,390 3,319,446 Beasley Broadcast Group, Inc. Class A.............. 68,353 356,803 * Beazer Homes USA, Inc.............................. 58,798 929,008 # bebe stores, Inc................................... 469,574 1,681,075 * Belmond, Ltd. Class A.............................. 597,926 6,571,207 #* BFC Financial Corp. Class A........................ 48,033 152,745 # Big 5 Sporting Goods Corp.......................... 150,239 1,789,346 # Big Lots, Inc...................................... 424,371 19,482,873 * Biglari Holdings, Inc.............................. 10,414 4,311,084 #* BJ's Restaurants, Inc.............................. 210,858 9,338,901 #* Black Diamond, Inc................................. 30,200 192,072 * Bloomin' Brands, Inc............................... 331,183 8,185,188 #* Blue Nile, Inc..................................... 85,368 2,653,237 Blyth, Inc......................................... 86,532 641,202 # Bob Evans Farms, Inc............................... 173,491 9,779,688 # Bon-Ton Stores, Inc. (The)......................... 121,759 667,239 * Books-A-Million, Inc............................... 45,236 113,995 Bowl America, Inc. Class A......................... 10,705 155,223 #* Boyd Gaming Corp................................... 158,211 2,066,236 * Bravo Brio Restaurant Group, Inc................... 121,234 1,594,227 #* Bridgepoint Education, Inc......................... 255,484 2,521,627 * Bright Horizons Family Solutions, Inc.............. 103,983 5,048,375 Brinker International, Inc......................... 379,132 22,152,683 Brown Shoe Co., Inc................................ 312,429 8,869,859 # Buckle, Inc. (The)................................. 256,014 13,002,951 #* Buffalo Wild Wings, Inc............................ 162,131 28,911,200 * Build-A-Bear Workshop, Inc......................... 110,423 2,276,922 # Callaway Golf Co................................... 567,688 4,632,334 * Cambium Learning Group, Inc........................ 118,479 297,382 * Canterbury Park Holding Corp....................... 12,913 129,776 230 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # Capella Education Co............................... 88,355 $ 6,007,256 * Career Education Corp.............................. 464,453 2,591,648 * Carmike Cinemas, Inc............................... 164,572 4,553,707 # Carriage Services, Inc............................. 142,127 3,098,369 * Carrols Restaurant Group, Inc...................... 237,625 1,891,495 Cato Corp. (The) Class A........................... 192,320 8,154,368 * Cavco Industries, Inc.............................. 48,488 3,564,353 #* Central European Media Enterprises, Ltd. Class A... 66,131 171,941 #* Charles & Colvard, Ltd............................. 89,032 160,258 # Cheesecake Factory, Inc. (The)..................... 403,750 21,200,912 Cherokee, Inc...................................... 48,281 877,749 Chico's FAS, Inc................................... 1,158,170 19,318,276 # Children's Place, Inc. (The)....................... 157,903 9,466,285 # Choice Hotels International, Inc................... 136,884 7,863,986 * Christopher & Banks Corp........................... 228,330 1,189,599 Churchill Downs, Inc............................... 111,116 10,554,909 #* Chuy's Holdings, Inc............................... 66,039 1,411,253 #* Cinedigm Corp...................................... 543,743 810,177 * Citi Trends, Inc................................... 104,518 2,392,417 Clear Channel Outdoor Holdings, Inc. Class A....... 27,610 249,870 ClubCorp Holdings, Inc............................. 91,534 1,556,993 * Coast Distribution System, Inc. (The).............. 43,930 151,998 Collectors Universe, Inc........................... 60,571 1,423,418 Columbia Sportswear Co............................. 364,747 15,501,747 #* Conn's, Inc........................................ 244,145 3,842,842 Cooper Tire & Rubber Co............................ 435,983 15,167,849 #* Cooper-Standard Holding, Inc....................... 2,150 112,338 Core-Mark Holding Co., Inc......................... 165,394 11,028,472 # Cracker Barrel Old Country Store, Inc.............. 171,159 23,022,597 #* Crocs, Inc......................................... 610,519 6,471,501 * Crown Media Holdings, Inc. Class A................. 91,462 292,678 CSS Industries, Inc................................ 27,255 741,336 CST Brands, Inc.................................... 554,851 23,914,078 Culp, Inc.......................................... 55,201 1,108,988 #* Cumulus Media, Inc. Class A........................ 995,343 3,463,794 #* Daily Journal Corp................................. 200 37,700 # Dana Holding Corp.................................. 386,003 8,055,883 #* Deckers Outdoor Corp............................... 263,354 17,394,532 * Del Frisco's Restaurant Group, Inc................. 154,080 3,055,406 #* Delta Apparel, Inc................................. 15,317 141,682 * Denny's Corp....................................... 392,821 4,273,892 Destination Maternity Corp......................... 54,446 833,568 #* Destination XL Group, Inc.......................... 280,623 1,425,565 DeVry Education Group, Inc......................... 444,435 18,848,488 #* Dex Media, Inc..................................... 800 5,424 * DGSE Cos., Inc..................................... 5,479 8,273 * Diamond Resorts International, Inc................. 84,732 2,404,694 DineEquity, Inc.................................... 140,584 15,007,342 #* Dixie Group, Inc. (The)............................ 107,711 870,305 #* Dorman Products, Inc............................... 219,441 10,035,037 * Dover Downs Gaming & Entertainment, Inc............ 6,209 5,573 Dover Motorsports, Inc............................. 56,312 148,664 #* DreamWorks Animation SKG, Inc. Class A............. 159,227 2,972,768 231 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Drew Industries, Inc............................... 170,049 $ 8,550,064 DSW, Inc. Class A.................................. 128,393 4,565,655 Educational Development Corp....................... 15,090 62,322 * Eldorado Resorts, Inc.............................. 44,611 176,883 * ELXSI Corp......................................... 1,800 27,090 Emerson Radio Corp................................. 197,300 205,192 * Emmis Communications Corp. Class A................. 124,034 249,308 #* Empire Resorts, Inc................................ 12,956 76,440 #* Entercom Communications Corp. Class A.............. 121,196 1,402,238 # Entravision Communications Corp. Class A........... 437,093 2,696,864 # Escalade, Inc...................................... 40,814 622,005 # Ethan Allen Interiors, Inc......................... 209,883 5,713,015 * EVINE Live, Inc.................................... 301,375 1,889,621 #* EW Scripps Co. (The) Class A....................... 308,979 6,096,156 * Express, Inc....................................... 544,739 7,125,186 #* Famous Dave's Of America, Inc...................... 39,446 1,194,030 #* Federal-Mogul Holdings Corp........................ 231,729 3,135,293 #* Fiesta Restaurant Group, Inc....................... 200,749 11,858,243 Finish Line, Inc. (The) Class A.................... 375,489 8,861,540 #* Five Below, Inc.................................... 404,529 13,478,906 Flanigan's Enterprises, Inc........................ 5,380 205,785 Flexsteel Industries, Inc.......................... 35,667 1,062,877 * Fox Factory Holding Corp........................... 5,904 89,682 * Francesca's Holdings Corp.......................... 67,009 1,062,763 Fred's, Inc. Class A............................... 218,830 3,632,578 Frisch's Restaurants, Inc.......................... 20,810 576,437 #* FTD Cos., Inc...................................... 134,588 4,609,639 #* Fuel Systems Solutions, Inc........................ 104,719 1,124,682 * Full House Resorts, Inc............................ 16,112 22,073 #* G-III Apparel Group, Ltd........................... 166,028 16,137,922 * Gaiam, Inc. Class A................................ 58,570 428,732 * Gaming Partners International Corp................. 8,434 69,918 #* Geeknet, Inc....................................... 12,204 95,679 * Genesco, Inc....................................... 178,591 12,760,327 * Gentherm, Inc...................................... 260,851 9,594,100 * Global Eagle Entertainment, Inc.................... 4,002 61,611 #* Gordmans Stores, Inc............................... 40,554 150,050 * Grand Canyon Education, Inc........................ 333,661 14,621,025 #* Gray Television, Inc............................... 356,540 3,372,868 * Gray Television, Inc. Class A...................... 25,939 194,542 # Group 1 Automotive, Inc............................ 179,345 14,417,545 Guess?, Inc........................................ 497,681 9,346,449 #* Hampshire Group, Ltd............................... 8,000 14,400 Harte-Hanks, Inc................................... 315,835 2,296,120 Haverty Furniture Cos., Inc........................ 133,895 3,271,055 Haverty Furniture Cos., Inc. Class A............... 3,785 93,982 * Helen of Troy, Ltd................................. 206,038 15,498,178 o* Here Media, Inc.................................... 22,918 2 o* Here Media, Inc. Special Shares.................... 22,918 2 #* hhgregg, Inc....................................... 155,532 853,871 #* Hibbett Sports, Inc................................ 125,322 5,895,147 Hooker Furniture Corp.............................. 57,626 1,039,573 #* Hovnanian Enterprises, Inc. Class A................ 98,754 339,714 232 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # HSN, Inc........................................... 186,219 $14,420,799 #* Iconix Brand Group, Inc............................ 343,594 11,421,065 #* Ignite Restaurant Group, Inc....................... 8,497 58,119 * Insignia Systems, Inc.............................. 15,351 49,123 International Speedway Corp. Class A............... 127,319 3,703,710 # Interval Leisure Group, Inc........................ 378,168 8,728,117 #* iRobot Corp........................................ 172,880 5,454,364 * Isle of Capri Casinos, Inc......................... 121,810 1,247,334 #* ITT Educational Services, Inc...................... 105,162 764,528 Jack in the Box, Inc............................... 308,443 26,152,882 * Jaclyn, Inc........................................ 2,235 11,287 #* JAKKS Pacific, Inc................................. 62,792 378,008 #* Jamba, Inc......................................... 128,246 2,107,082 #* JC Penney Co., Inc................................. 244,117 1,774,731 John Wiley & Sons, Inc. Class A.................... 13,586 841,789 Johnson Outdoors, Inc. Class A..................... 27,333 819,990 * Journal Communications, Inc. Class A............... 286,844 2,882,782 * K12, Inc........................................... 161,968 2,303,185 * Kate Spade & Co.................................... 9,202 290,139 # KB Home............................................ 693,994 8,647,165 #* Kirkland's, Inc.................................... 123,799 2,880,803 * Kona Grill, Inc.................................... 65,589 1,541,341 Koss Corp.......................................... 25,262 50,019 #* Krispy Kreme Doughnuts, Inc........................ 480,828 9,361,721 La-Z-Boy, Inc...................................... 369,084 9,850,852 * Lakeland Industries, Inc........................... 22,928 194,888 o* Lazare Kaplan International, Inc................... 9,600 15,024 #* LeapFrog Enterprises, Inc.......................... 336,668 801,270 * Learning Tree International, Inc................... 40,081 79,761 Libbey, Inc........................................ 206,020 6,738,914 * Liberty Media Corp. Class B........................ 522 20,697 * Liberty Tax, Inc................................... 15,953 574,308 * Liberty Ventures Series A.......................... 105,645 3,945,841 #* Life Time Fitness, Inc............................. 289,896 15,848,614 # Lifetime Brands, Inc............................... 75,170 1,186,183 # Lincoln Educational Services Corp.................. 75,737 196,916 Lithia Motors, Inc. Class A........................ 173,890 14,728,483 #* Live Nation Entertainment, Inc..................... 568,208 13,506,304 * Loral Space & Communications, Inc.................. 89,534 6,438,390 * Luby's, Inc........................................ 245,262 1,196,879 #* Lumber Liquidators Holdings, Inc................... 63,274 3,995,753 * M/I Homes, Inc..................................... 159,929 3,300,935 Marcus Corp. (The)................................. 86,567 1,632,654 # Marine Products Corp............................... 125,265 905,666 * MarineMax, Inc..................................... 181,367 4,626,672 Marriott Vacations Worldwide Corp.................. 228,850 17,507,025 #* Martha Stewart Living Omnimedia, Inc. Class A...... 169,810 787,918 #* Mattress Firm Holding Corp......................... 2,624 151,195 * McClatchy Co. (The) Class A........................ 256,576 644,006 McRae Industries, Inc. Class A..................... 2,500 77,188 # MDC Holdings, Inc.................................. 333,034 8,325,850 #* Media General, Inc................................. 129,812 1,856,312 # Men's Wearhouse, Inc. (The)........................ 381,140 17,711,576 233 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # Meredith Corp...................................... 266,870 $13,893,252 * Meritage Homes Corp................................ 193,116 7,031,354 * Modine Manufacturing Co............................ 311,608 3,798,502 * Monarch Casino & Resort, Inc....................... 78,128 1,351,614 # Monro Muffler Brake, Inc........................... 222,880 12,735,363 Morningstar, Inc................................... 25,855 1,721,684 * Motorcar Parts of America, Inc..................... 124,627 3,255,257 Movado Group, Inc.................................. 120,549 2,896,792 * Murphy USA, Inc.................................... 288,787 20,160,220 NACCO Industries, Inc. Class A..................... 34,665 1,908,308 * Nathan's Famous, Inc............................... 21,450 1,725,438 National CineMedia, Inc............................ 416,156 5,992,646 * Nautilus, Inc...................................... 228,547 3,254,509 * New York & Co., Inc................................ 380,682 875,569 # New York Times Co. (The) Class A................... 986,279 12,417,253 # Nexstar Broadcasting Group, Inc. Class A........... 229,026 11,427,252 * Nobility Homes, Inc................................ 13,083 122,980 # Nutrisystem, Inc................................... 214,599 3,824,154 * Office Depot, Inc.................................. 3,809,109 28,949,228 * Orbitz Worldwide, Inc.............................. 802,067 7,403,078 #* Outerwall, Inc..................................... 159,211 9,883,819 #* Overstock.com, Inc................................. 103,482 2,315,927 Oxford Industries, Inc............................. 111,267 6,224,276 * P&F Industries, Inc. Class A....................... 10,000 76,000 #* Pacific Sunwear of California, Inc................. 226,616 623,194 # Papa John's International, Inc..................... 297,161 18,857,837 #* Penn National Gaming, Inc.......................... 330,738 4,951,148 Penske Automotive Group, Inc....................... 337,541 16,320,107 * Pep Boys-Manny, Moe & Jack (The)................... 338,768 2,855,814 * Perfumania Holdings, Inc........................... 15,984 90,230 * Perry Ellis International, Inc..................... 77,609 1,855,631 # PetMed Express, Inc................................ 98,009 1,538,741 # Pier 1 Imports, Inc................................ 656,585 11,037,194 #* Pinnacle Entertainment, Inc........................ 220,582 4,665,309 Pool Corp.......................................... 319,415 19,870,807 * Popeyes Louisiana Kitchen, Inc..................... 172,684 9,915,515 * QEP Co., Inc....................................... 9,614 171,129 #* Quantum Fuel Systems Technologies Worldwide, Inc... 1,524 3,810 #* Quiksilver, Inc.................................... 582,084 1,088,497 #* Radio One, Inc. Class D............................ 932,814 1,753,690 #* Rave Restaurant Group, Inc......................... 8,932 115,491 * RCI Hospitality Holdings, Inc...................... 71,246 694,648 * ReachLocal, Inc.................................... 6,488 19,659 * Reading International, Inc. Class A................ 25,474 307,981 * Reading International, Inc. Class B................ 2,710 37,940 * Red Lion Hotels Corp............................... 102,237 656,362 #* Red Robin Gourmet Burgers, Inc..................... 104,003 8,060,232 # Regal Entertainment Group Class A.................. 632,580 13,385,393 * Regis Corp......................................... 339,175 5,342,006 Remy International, Inc............................ 3,811 81,060 # Rent-A-Center, Inc................................. 375,283 12,864,701 #* Rentrak Corp....................................... 27,336 2,102,958 #* Restoration Hardware Holdings, Inc................. 28,868 2,526,816 234 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Rocky Brands, Inc.................................. 94,670 $ 1,297,926 #* Ruby Tuesday, Inc.................................. 391,779 2,358,510 Ruth's Hospitality Group, Inc...................... 257,156 3,733,905 # Ryland Group, Inc. (The)........................... 270,752 10,870,693 # Saga Communications, Inc. Class A.................. 18,609 756,828 # Salem Communications Corp. Class A................. 132,841 925,902 # Scholastic Corp.................................... 109,412 4,024,173 #* Scientific Games Corp. Class A..................... 530,070 6,260,127 SeaWorld Entertainment, Inc........................ 142,843 2,501,181 #* Select Comfort Corp................................ 418,177 12,478,402 * Shiloh Industries, Inc............................. 208,939 2,555,324 Shoe Carnival, Inc................................. 123,722 2,872,825 #* Shutterfly, Inc.................................... 275,637 12,092,195 # Sinclair Broadcast Group, Inc. Class A............. 470,204 11,632,847 * Sizmek, Inc........................................ 166,660 993,294 #* Skechers U.S.A., Inc. Class A...................... 320,320 19,331,312 * Skullcandy, Inc.................................... 190,063 1,904,431 #* Skyline Corp....................................... 45,820 171,825 #* Smith & Wesson Holding Corp........................ 5,755 70,787 Sonic Automotive, Inc. Class A..................... 283,981 6,994,452 Sonic Corp......................................... 412,472 12,485,527 # Sotheby's.......................................... 303,260 12,903,713 * Spanish Broadcasting System, Inc. Class A.......... 43,707 115,824 Spartan Motors, Inc................................ 152,345 793,717 #* Spectrum Group International, Inc.................. 85 45,475 Speedway Motorsports, Inc.......................... 145,340 3,239,629 Stage Stores, Inc.................................. 207,143 4,142,860 # Standard Motor Products, Inc....................... 157,451 5,740,663 #* Standard Pacific Corp.............................. 1,004,975 7,054,924 * Stanley Furniture Co., Inc......................... 35,155 104,059 #* Starz.............................................. 253,978 7,497,431 * Starz Class B...................................... 1,444 42,973 Stein Mart, Inc.................................... 236,011 3,247,511 * Steiner Leisure, Ltd............................... 73,543 3,207,946 * Steven Madden, Ltd................................. 484,667 16,643,465 * Stoneridge, Inc.................................... 179,226 2,261,832 # Strattec Security Corp............................. 23,183 1,460,529 #* Strayer Education, Inc............................. 73,411 4,918,537 # Sturm Ruger & Co., Inc............................. 96,306 3,890,762 # Superior Industries International, Inc............. 148,756 2,714,797 Superior Uniform Group, Inc........................ 15,785 599,041 Sypris Solutions, Inc.............................. 285,243 683,157 #* Systemax, Inc...................................... 125,922 1,645,801 Tandy Leather Factory, Inc......................... 82,829 707,360 #* Taylor Morrison Home Corp. Class A................. 172,697 3,068,826 #* Tempur Sealy International, Inc.................... 271,532 14,942,406 * Tenneco, Inc....................................... 106,771 5,490,165 # Texas Roadhouse, Inc............................... 523,137 17,572,172 Thor Industries, Inc............................... 380,120 21,419,762 #* Tile Shop Holdings, Inc............................ 23,410 190,089 * Tilly's, Inc. Class A.............................. 14,625 200,947 Time, Inc.......................................... 116,197 2,909,573 * Tower International, Inc........................... 134,518 3,184,041 235 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Consumer Discretionary -- (Continued) # Town Sports International Holdings, Inc............ 154,414 $ 1,016,044 Trans World Entertainment Corp..................... 452,232 1,569,245 #* TRI Pointe Homes, Inc.............................. 170,238 2,439,511 #* Tuesday Morning Corp............................... 159,005 2,814,388 #* Tumi Holdings, Inc................................. 446,136 10,113,903 * UCP, Inc. Class A.................................. 1,100 9,900 * Unifi, Inc......................................... 122,873 3,960,197 * Universal Electronics, Inc......................... 116,566 7,429,917 Universal Technical Institute, Inc................. 113,581 927,957 #* UQM Technologies, Inc.............................. 11,434 10,863 * US Auto Parts Network, Inc......................... 100,864 237,030 Vail Resorts, Inc.................................. 245,102 21,510,152 Value Line, Inc.................................... 26,515 402,233 #* Vera Bradley, Inc.................................. 68,169 1,299,983 * Vince Holding Corp................................. 3,722 87,281 #* Vitamin Shoppe, Inc................................ 222,421 9,401,736 #* VOXX International Corp............................ 156,753 1,254,024 * Walking Co. Holdings, Inc. (The)................... 214 1,284 # Wendy's Co. (The).................................. 900,777 9,494,190 * West Marine, Inc................................... 149,960 1,799,520 # Weyco Group, Inc................................... 50,631 1,368,050 #* William Lyon Homes Class A......................... 63,557 1,212,668 # Winmark Corp....................................... 30,758 2,507,085 # Winnebago Industries, Inc.......................... 194,819 3,874,950 # Wolverine World Wide, Inc.......................... 728,103 20,496,099 o#* Xanadoo Co. Class A................................ 170 29,750 * Zagg, Inc.......................................... 177,446 1,069,999 #* Zumiez, Inc........................................ 215,251 8,026,710 -------------- Total Consumer Discretionary............................ 1,718,498,899 -------------- Consumer Staples -- (3.4%) # Alico, Inc......................................... 28,412 1,350,706 * Alliance One International, Inc.................... 385,962 405,260 Andersons, Inc. (The).............................. 205,216 9,230,616 # B&G Foods, Inc..................................... 385,449 11,501,798 #* Boston Beer Co., Inc. (The) Class A................ 2,323 730,630 #* Boulder Brands, Inc................................ 390,259 3,914,298 * Bridgford Foods Corp............................... 17,169 138,125 # Cal-Maine Foods, Inc............................... 303,384 10,633,609 Calavo Growers, Inc................................ 118,661 4,759,493 Casey's General Stores, Inc........................ 251,413 22,954,007 * CCA Industries, Inc................................ 16,064 56,224 * Central Garden and Pet Co.......................... 70,866 598,818 * Central Garden and Pet Co. Class A................. 250,553 2,280,032 #* Chefs' Warehouse, Inc. (The)....................... 78,809 1,685,724 # Coca-Cola Bottling Co. Consolidated................ 37,309 3,639,120 #* Coffee Holding Co., Inc............................ 11,600 58,580 #* Craft Brew Alliance, Inc........................... 111,338 1,324,922 #* Darling Ingredients, Inc........................... 859,237 14,589,844 # Dean Foods Co...................................... 699,533 12,675,538 #* Diamond Foods, Inc................................. 125,414 3,082,676 #* Farmer Bros. Co.................................... 75,522 2,258,863 Fresh Del Monte Produce, Inc....................... 391,105 13,152,861 236 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Staples -- (Continued) #* Fresh Market, Inc. (The)........................... 286,627 $10,923,355 * Glacier Water Services, Inc........................ 3,200 46,400 Golden Enterprises, Inc............................ 32,785 117,698 Ingles Markets, Inc. Class A....................... 83,519 3,562,085 Inter Parfums, Inc................................. 202,434 5,091,215 * Inventure Foods, Inc............................... 77,410 787,260 J&J Snack Foods Corp............................... 128,453 12,603,808 John B. Sanfilippo & Son, Inc...................... 61,807 2,254,101 Lancaster Colony Corp.............................. 197,820 17,789,953 * Landec Corp........................................ 179,578 2,293,211 # Liberator Medical Holdings, Inc.................... 26,723 85,514 #* Lifeway Foods, Inc................................. 50,414 922,576 # Limoneira Co....................................... 14,308 297,606 * Mannatech, Inc..................................... 6,854 128,170 #* Medifast, Inc...................................... 97,827 3,100,138 # MGP Ingredients, Inc............................... 93,245 1,478,866 * National Beverage Corp............................. 238,690 5,189,121 * Natural Alternatives International, Inc............ 20,426 108,666 #* Natural Grocers by Vitamin Cottage, Inc............ 29,840 919,072 # Nature's Sunshine Products, Inc.................... 33,684 465,850 #* Nutraceutical International Corp................... 43,111 842,389 Oil-Dri Corp. of America........................... 23,455 718,192 #* Omega Protein Corp................................. 143,520 1,512,701 # Orchids Paper Products Co.......................... 46,979 1,281,117 * Pantry, Inc. (The)................................. 155,395 5,734,075 # Pilgrim's Pride Corp............................... 556,837 15,118,125 #* Post Holdings, Inc................................. 291,216 13,759,956 # Pricesmart, Inc.................................... 201,493 16,478,097 * Primo Water Corp................................... 309 1,307 * Reliv International, Inc........................... 28,122 34,028 * Revlon, Inc. Class A............................... 245,742 8,045,593 Rocky Mountain Chocolate Factory, Inc.............. 29,081 394,048 #* Roundy's, Inc...................................... 6,128 22,061 # Sanderson Farms, Inc............................... 183,314 14,657,787 * Scheid Vineyards, Inc. Class A..................... 440 13,757 * Seaboard Corp...................................... 1,738 6,647,833 #* Seneca Foods Corp. Class A......................... 34,940 904,247 * Seneca Foods Corp. Class B......................... 2,794 98,502 Snyder's-Lance, Inc................................ 371,757 10,814,411 SpartanNash Co..................................... 248,581 6,403,447 Spectrum Brands Holdings, Inc...................... 97,629 8,755,369 #* SUPERVALU, Inc..................................... 1,934,938 18,846,296 * Tofutti Brands, Inc................................ 19,440 103,032 # Tootsie Roll Industries, Inc....................... 146,043 4,555,081 #* TreeHouse Foods, Inc............................... 239,572 21,729,180 #* United Natural Foods, Inc.......................... 143,863 11,117,733 # United-Guardian, Inc............................... 19,179 410,431 # Universal Corp..................................... 158,509 6,365,721 #* USANA Health Sciences, Inc......................... 67,939 6,660,740 # Vector Group, Ltd.................................. 113,065 2,530,395 # Village Super Market, Inc. Class A................. 35,183 1,019,251 # WD-40 Co........................................... 101,349 8,316,699 237 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) # Weis Markets, Inc.................................. 111,507 $ 5,110,366 ------------ Total Consumer Staples................................. 388,188,376 ------------ Energy -- (3.0%) #* Abraxas Petroleum Corp............................. 111,700 330,632 Adams Resources & Energy, Inc...................... 19,183 1,113,381 # Alon USA Energy, Inc............................... 480,990 5,810,359 #* Alpha Natural Resources, Inc....................... 34,300 35,672 AMEN Properties, Inc............................... 19 11,248 #* Approach Resources, Inc............................ 138,132 866,088 # Atwood Oceanics, Inc............................... 79,868 2,282,627 * Barnwell Industries, Inc........................... 32,713 94,050 #* Basic Energy Services, Inc......................... 293,605 1,726,397 #* Bill Barrett Corp.................................. 281,458 2,870,872 #* Bonanza Creek Energy, Inc.......................... 287,024 7,485,586 # Bristow Group, Inc................................. 253,022 14,095,856 #* C&J Energy Services, Inc........................... 354,474 3,651,082 #* Callon Petroleum Co................................ 293,347 1,598,741 # CARBO Ceramics, Inc................................ 116,026 3,803,332 * Carrizo Oil & Gas, Inc............................. 374,413 16,886,026 #* Clayton Williams Energy, Inc....................... 74,456 4,162,090 #* Clean Energy Fuels Corp............................ 409,703 1,708,462 #* Cloud Peak Energy, Inc............................. 387,647 2,632,123 # Comstock Resources, Inc............................ 292,327 1,181,001 #* Contango Oil & Gas Co.............................. 90,118 2,709,848 Dawson Geophysical Co.............................. 42,474 458,295 Delek US Holdings, Inc............................. 439,848 13,569,311 # DHT Holdings, Inc.................................. 200,327 1,472,404 * Dril-Quip, Inc..................................... 7,961 590,945 #* Emerald Oil, Inc................................... 335,417 276,048 # Energy XXI, Ltd.................................... 400,033 1,176,097 * ENGlobal Corp...................................... 92,274 166,093 EnLink Midstream LLC............................... 300,719 9,514,749 * Era Group, Inc..................................... 95,350 2,147,282 * Escalera Resources Co.............................. 14,286 6,299 Evolution Petroleum Corp........................... 35,648 262,013 Exterran Holdings, Inc............................. 484,153 13,125,388 * FieldPoint Petroleum Corp.......................... 31,986 57,895 #* Forbes Energy Services, Ltd........................ 2,000 1,927 * Forum Energy Technologies, Inc..................... 68,012 1,050,785 # GasLog, Ltd........................................ 457,502 8,001,710 #* Gastar Exploration, Inc............................ 445,756 1,043,069 #* Geospace Technologies Corp......................... 78,516 1,882,814 #* Goodrich Petroleum Corp............................ 201,167 506,941 # Green Plains, Inc.................................. 256,462 6,003,775 * Gulf Coast Ultra Deep Royalty Trust................ 211,674 226,491 # Gulf Island Fabrication, Inc....................... 66,490 1,101,739 # Gulfmark Offshore, Inc. Class A.................... 174,408 3,441,070 #* Halcon Resources Corp.............................. 399,570 559,398 # Hallador Energy Co................................. 1,200 13,608 #* Harvest Natural Resources, Inc..................... 157,012 98,494 * Helix Energy Solutions Group, Inc.................. 761,025 14,284,439 #* Hercules Offshore, Inc............................. 241,581 173,938 238 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Energy -- (Continued) * HKN, Inc........................................... 2,360 $ 126,248 #* Hornbeck Offshore Services, Inc.................... 243,619 5,408,342 #* ION Geophysical Corp............................... 1,030,774 2,319,242 * Key Energy Services, Inc........................... 960,213 1,613,158 #* Matador Resources Co............................... 524,711 11,312,769 * Matrix Service Co.................................. 183,049 3,514,541 #* McDermott International, Inc....................... 758,472 1,706,562 * Mexco Energy Corp.................................. 6,572 30,461 #* Midstates Petroleum Co., Inc....................... 12,793 16,503 #* Miller Energy Resources, Inc....................... 789 923 * Mitcham Industries, Inc............................ 57,704 323,719 * Natural Gas Services Group, Inc.................... 64,072 1,293,614 #* Newpark Resources, Inc............................. 589,647 5,094,550 #* Nordic American Offshore, Ltd...................... 27 304 # Nordic American Tankers, Ltd....................... 3,153 31,908 #* Northern Oil and Gas, Inc.......................... 397,041 2,493,418 #* Nuverra Environmental Solutions, Inc............... 99,029 220,835 * Oil States International, Inc...................... 41,032 1,685,184 #* Overseas Shipholding Group, Inc.................... 100,481 512,453 #* Pacific Drilling SA................................ 70,741 235,568 # Panhandle Oil and Gas, Inc. Class A................ 84,593 1,771,377 #* Parker Drilling Co................................. 746,608 2,023,308 PBF Energy, Inc. Class A........................... 483,446 13,584,833 * PDC Energy, Inc.................................... 184,776 8,488,609 #* Penn Virginia Corp................................. 466,506 2,276,549 #* PetroQuest Energy, Inc............................. 446,037 1,306,888 #* PHI, Inc. Non-Voting............................... 52,877 1,808,922 * PHI, Inc. Voting................................... 4,419 151,483 * Pioneer Energy Services Corp....................... 331,584 1,372,758 #* Renewable Energy Group, Inc........................ 226,314 1,977,984 #* REX American Resources Corp........................ 21,400 1,187,914 #* Rex Energy Corp.................................... 399,433 1,413,993 #* RigNet, Inc........................................ 61,389 2,100,732 #* Ring Energy, Inc................................... 7,290 66,485 #* Rosetta Resources, Inc............................. 126,406 2,157,750 Rowan Cos. P.L.C. Class A.......................... 23,612 498,685 * Royale Energy, Inc................................. 10,018 17,732 #* SandRidge Energy, Inc.............................. 11,345 15,996 # Scorpio Tankers, Inc............................... 1,182,300 9,304,701 #* SEACOR Holdings, Inc............................... 137,748 9,910,969 SemGroup Corp. Class A............................. 275,497 18,549,213 #* Seventy Seven Energy, Inc.......................... 67,609 267,056 # Ship Finance International, Ltd.................... 507,540 7,049,731 * Steel Excel, Inc................................... 32,698 782,790 #* Stone Energy Corp.................................. 372,998 5,251,812 #* Swift Energy Co.................................... 151,326 322,324 #* Synergy Resources Corp............................. 588,637 7,199,031 * Synthesis Energy Systems, Inc...................... 48,546 34,322 o#* Syntroleum Corp.................................... 12,079 33,789 Targa Resources Corp............................... 37,242 3,233,723 # Teekay Tankers, Ltd. Class A....................... 3,990 20,509 # Tesco Corp......................................... 178,280 1,825,587 #* TETRA Technologies, Inc............................ 498,279 2,461,498 239 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) * TGC Industries, Inc................................ 95,637 $ 191,274 # Tidewater, Inc..................................... 102,699 3,004,973 #* Triangle Petroleum Corp............................ 572,203 3,004,066 * Unit Corp.......................................... 99,808 2,972,282 #* Uranium Energy Corp................................ 38,948 49,464 #* US Energy Corp. Wyoming............................ 10,000 14,300 # US Silica Holdings, Inc............................ 385,744 9,720,749 * Vaalco Energy, Inc................................. 399,770 2,214,726 # W&T Offshore, Inc.................................. 465,729 2,356,589 #* Warren Resources, Inc.............................. 462,423 485,544 Western Refining, Inc.............................. 390,168 14,486,938 * Westmoreland Coal Co............................... 93,311 2,433,551 * Willbros Group, Inc................................ 331,559 1,850,099 World Fuel Services Corp........................... 953 46,668 * Yuma Energy, Inc................................... 17,796 29,541 #* Zion Oil & Gas, Inc................................ 3,973 5,960 ------------ Total Energy........................................... 345,544,569 ------------ Financials -- (14.1%) * 1st Constitution Bancorp........................... 1,951 21,461 # 1st Source Corp.................................... 147,946 4,398,435 * A-Mark Precious Metals, Inc........................ 21,404 223,672 Access National Corp............................... 33,310 594,917 # Alexander & Baldwin, Inc........................... 337,976 12,930,962 Alliance Bancorp, Inc. of Pennsylvania............. 3,510 61,285 #* Altisource Asset Management Corp................... 10,675 1,708,000 #* Altisource Portfolio Solutions SA.................. 123,758 2,509,812 #* Ambac Financial Group, Inc......................... 262,862 6,426,976 Ameriana Bancorp................................... 2,912 50,742 American Equity Investment Life Holding Co......... 535,238 13,653,921 * American Independence Corp......................... 1,537 17,045 # American National Bankshares, Inc.................. 25,247 543,315 American National Insurance Co..................... 237 24,657 * American River Bankshares.......................... 7,326 72,381 o* American Spectrum Realty, Inc...................... 3,652 2,301 Ameris Bancorp..................................... 177,726 4,288,528 AMERISAFE, Inc..................................... 129,702 5,278,871 # AmeriServ Financial, Inc........................... 278,158 831,692 # Amtrust Financial Services, Inc.................... 414,663 20,990,241 Argo Group International Holdings, Ltd............. 135,966 7,272,821 Arrow Financial Corp............................... 46,265 1,182,996 ASB Financial Corp................................. 900 11,813 Aspen Insurance Holdings, Ltd...................... 440,676 19,090,084 Associated Banc-Corp............................... 1,020,204 17,149,629 * Asta Funding, Inc.................................. 48,129 408,615 Astoria Financial Corp............................. 713,181 8,722,204 Atlantic American Corp............................. 20,640 82,354 #* Atlantic Coast Financial Corp...................... 143 555 #* Atlanticus Holdings Corp........................... 73,372 187,832 Auburn National Bancorporation, Inc................ 2,786 65,471 #* AV Homes, Inc...................................... 46,957 703,885 Baldwin & Lyons, Inc. Class A...................... 1,471 34,789 Baldwin & Lyons, Inc. Class B...................... 33,439 772,441 240 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Banc of California, Inc............................ 46,441 $ 476,020 # Bancfirst Corp..................................... 56,951 3,283,795 #* Bancorp, Inc. (The)................................ 227,870 1,941,452 # BancorpSouth, Inc.................................. 682,243 13,542,524 Bank Mutual Corp................................... 154,292 982,840 Bank of Commerce Holdings.......................... 4,992 28,454 # Bank of Hawaii Corp................................ 337,217 19,039,272 Bank of Kentucky Financial Corp (The).............. 3,833 170,339 # Bank of the Ozarks, Inc............................ 576,823 18,706,370 BankFinancial Corp................................. 79,756 902,040 BankUnited, Inc.................................... 142,332 3,936,903 Banner Corp........................................ 135,742 5,481,262 Bar Harbor Bankshares.............................. 19,129 587,260 BBCN Bancorp, Inc.................................. 586,541 7,595,706 #* BBX Capital Corp. Class A.......................... 60,353 853,391 BCB Bancorp, Inc................................... 18,073 209,828 #* Bear State Financial, Inc.......................... 12,672 137,111 * Beneficial Bancorp, Inc............................ 423,342 4,567,860 Berkshire Bancorp, Inc............................. 10,144 87,238 Berkshire Hills Bancorp, Inc....................... 151,279 3,766,847 BGC Partners, Inc. Class A......................... 1,354,077 10,602,423 BNC Bancorp........................................ 4,134 66,061 * BNCCORP, Inc....................................... 3,900 61,230 #* BofI Holding, Inc.................................. 106,760 9,006,274 Boston Private Financial Holdings, Inc............. 588,140 6,469,540 # Bridge Bancorp, Inc................................ 10,230 252,476 * Bridge Capital Holdings............................ 9,749 213,016 Brookline Bancorp, Inc............................. 467,544 4,488,422 Bryn Mawr Bank Corp................................ 63,718 1,857,380 C&F Financial Corp................................. 1,705 60,169 Calamos Asset Management, Inc. Class A............. 139,539 1,751,214 California First National Bancorp.................. 14,701 202,874 # Camden National Corp............................... 33,314 1,237,948 # Cape Bancorp, Inc.................................. 6,168 53,230 * Capital Bank Financial Corp. Class A............... 40,236 982,563 # Capital City Bank Group, Inc....................... 50,766 761,490 * Capital Properties, Inc. Class A................... 2,600 30,186 # Capitol Federal Financial, Inc..................... 939,820 11,710,157 Cardinal Financial Corp............................ 222,528 3,963,224 * Cascade Bancorp.................................... 80,089 370,011 # Cash America International, Inc.................... 189,446 3,940,477 Cathay General Bancorp............................. 564,150 13,477,544 Centerstate Banks, Inc............................. 150,138 1,653,019 # Central Pacific Financial Corp..................... 100,276 2,103,790 # Century Bancorp, Inc. Class A...................... 5,255 203,789 # Charter Financial Corp............................. 28,896 323,635 Chemical Financial Corp............................ 171,286 4,857,671 # Chicopee Bancorp, Inc.............................. 9,906 163,053 Citizens & Northern Corp........................... 600 11,598 Citizens Community Bancorp, Inc.................... 1,592 14,511 * Citizens First Corp................................ 400 4,988 Citizens Holding Co................................ 2,717 50,591 #* Citizens, Inc...................................... 204,804 1,478,685 241 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # City Holding Co.................................... 86,153 $ 3,646,857 # CKX Lands, Inc..................................... 5,107 76,911 # Clifton Bancorp, Inc............................... 121,383 1,609,539 # CNB Financial Corp................................. 21,830 371,110 CNO Financial Group, Inc........................... 978,475 15,185,932 # CoBiz Financial, Inc............................... 200,878 2,189,570 Codorus Valley Bancorp, Inc........................ 2,495 50,075 # Cohen & Steers, Inc................................ 14,801 622,826 * Colonial Financial Services, Inc................... 728 9,650 * Colony Bankcorp, Inc............................... 10,672 79,613 Columbia Banking System, Inc....................... 377,454 9,598,655 Commercial National Financial Corp................. 3,979 88,135 Community Bank Shares of Indiana, Inc.............. 795 21,481 # Community Bank System, Inc......................... 279,774 9,408,800 # Community Trust Bancorp, Inc....................... 95,799 3,025,332 Community West Bancshares.......................... 6,650 44,888 * CommunityOne Bancorp............................... 214 2,089 ConnectOne Bancorp, Inc............................ 80,841 1,487,474 # Consolidated-Tomoka Land Co........................ 19,928 1,087,072 * Consumer Portfolio Services, Inc................... 104,088 582,893 #* Cowen Group, Inc. Class A.......................... 459,717 1,912,423 Crawford & Co. Class A............................. 95,513 740,226 # Crawford & Co. Class B............................. 69,225 647,254 #* Credit Acceptance Corp............................. 75,837 11,954,945 * CU Bancorp......................................... 600 12,192 #* Customers Bancorp, Inc............................. 51,288 1,007,809 # CVB Financial Corp................................. 751,895 10,985,186 # Diamond Hill Investment Group, Inc................. 985 128,109 Dime Community Bancshares, Inc..................... 254,841 3,761,453 Donegal Group, Inc. Class A........................ 72,632 1,161,386 Donegal Group, Inc. Class B........................ 5,267 122,853 #* Doral Financial Corp............................... 6,346 18,276 Eagle Bancorp Montana, Inc......................... 225 2,462 * Eagle Bancorp, Inc................................. 28,918 988,996 #* Eastern Virginia Bankshares, Inc................... 590 3,688 #* eHealth, Inc....................................... 94,514 967,823 EMC Insurance Group, Inc........................... 39,654 1,279,238 Employers Holdings, Inc............................ 203,488 4,232,550 #* Encore Capital Group, Inc.......................... 197,847 7,363,865 Endurance Specialty Holdings, Ltd.................. 316,087 19,319,237 * Enova International, Inc........................... 166,282 3,200,929 #* Enstar Group, Ltd.................................. 43,739 5,903,453 # Enterprise Bancorp, Inc............................ 10,055 205,625 Enterprise Financial Services Corp................. 77,072 1,472,846 # ESB Financial Corp................................. 62,464 1,043,773 ESSA Bancorp, Inc.................................. 45,175 548,876 Evans Bancorp, Inc................................. 3,162 74,781 # EverBank Financial Corp............................ 416,496 7,267,855 Evercore Partners, Inc. Class A.................... 269,815 12,916,044 #* Ezcorp, Inc. Class A............................... 260,556 2,686,332 #* Farmers Capital Bank Corp.......................... 9,226 206,109 # FBL Financial Group, Inc. Class A.................. 112,288 5,860,311 Federal Agricultural Mortgage Corp. Class A........ 2,089 47,525 242 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Federal Agricultural Mortgage Corp. Class C........ 61,778 $ 1,701,984 # Federated Investors, Inc. Class B.................. 122,687 3,878,136 Federated National Holding Co...................... 100,336 2,920,781 Fidelity Southern Corp............................. 35,699 545,838 # Financial Engines, Inc............................. 67,535 2,424,507 Financial Institutions, Inc........................ 63,971 1,409,281 * First Acceptance Corp.............................. 13,967 32,543 # First American Financial Corp...................... 503,455 17,127,539 # First Bancorp, Inc................................. 33,093 548,682 * First BanCorp.(318672706).......................... 349,052 1,916,295 First Bancorp.(318910106).......................... 63,181 1,048,805 * First Bancshares, Inc.............................. 1,345 9,469 First Bancshares, Inc. (The)....................... 921 12,848 First Busey Corp................................... 429,885 2,648,092 First Business Financial Services, Inc............. 2,089 91,436 * First Cash Financial Services, Inc................. 202,875 10,086,945 First Citizens BancShares, Inc. Class A............ 12,599 3,074,786 First Commonwealth Financial Corp.................. 640,092 5,050,326 First Community Bancshares, Inc.................... 66,082 1,036,827 # First Connecticut Bancorp Inc/Farmington........... 4,838 71,361 First Defiance Financial Corp...................... 48,160 1,466,954 First Federal of Northern Michigan Bancorp, Inc.... 32,874 191,655 First Financial Bancorp............................ 413,988 6,839,082 # First Financial Bankshares, Inc.................... 266,336 6,578,499 First Financial Corp............................... 61,034 1,978,112 First Financial Northwest, Inc..................... 57,196 685,780 # First Horizon National Corp........................ 1,596,244 20,735,210 First Interstate Bancsystem, Inc................... 139,468 3,333,285 #* First Marblehead Corp. (The)....................... 12,935 75,152 First Merchants Corp............................... 247,832 5,412,651 First Midwest Bancorp, Inc......................... 523,835 8,067,059 * First NBC Bank Holding Co.......................... 27,485 850,936 First Niagara Financial Group, Inc................. 1,041,666 8,458,328 o* First Place Financial Corp......................... 151,301 11 First South Bancorp, Inc........................... 20,886 166,044 * First United Corp.................................. 9,289 78,864 First West Virginia Bancorp........................ 63 1,382 FirstMerit Corp.................................... 496,453 8,134,382 * Flagstar Bancorp, Inc.............................. 175,971 2,500,548 Flushing Financial Corp............................ 194,531 3,521,011 FNB Corp........................................... 1,164,016 13,968,192 #* Forestar Group, Inc................................ 228,023 3,025,865 Fox Chase Bancorp, Inc............................. 46,180 749,963 #* FRP Holdings, Inc.................................. 38,950 1,409,990 Fulton Financial Corp.............................. 1,338,731 14,926,851 # FXCM, Inc. Class A................................. 276,740 608,828 # Gain Capital Holdings, Inc......................... 154,739 1,261,123 * GAINSCO, Inc....................................... 220 2,292 # GAMCO Investors, Inc. Class A...................... 24,586 2,007,447 # German American Bancorp, Inc....................... 33,551 939,428 GFI Group, Inc..................................... 503,138 2,822,604 Glacier Bancorp, Inc............................... 555,137 12,362,901 * Global Indemnity P.L.C............................. 61,665 1,618,090 243 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Gouverneur Bancorp, Inc............................ 1,695 $ 23,306 Great Southern Bancorp, Inc........................ 57,480 2,076,178 * Green Dot Corp. Class A............................ 343,164 5,233,251 # Greenhill & Co., Inc............................... 205,125 7,565,010 * Greenlight Capital Re, Ltd. Class A................ 191,012 5,999,687 # Griffin Land & Nurseries, Inc...................... 20,710 613,844 # Guaranty Bancorp................................... 40,442 541,114 Guaranty Federal Bancshares, Inc................... 2,800 41,300 * Hallmark Financial Services, Inc................... 84,125 928,740 Hampden Bancorp, Inc............................... 2,924 58,743 #* Hampton Roads Bankshares, Inc...................... 3,123 5,059 Hancock Holding Co................................. 223,768 5,842,583 Hanmi Financial Corp............................... 220,450 4,378,137 Hanover Insurance Group, Inc. (The)................ 308,235 21,268,215 Harleysville Savings Financial Corp................ 1,615 28,747 Hawthorn Bancshares, Inc........................... 755 10,744 # HCI Group, Inc..................................... 78,407 3,623,187 Heartland Financial USA, Inc....................... 63,031 1,740,916 # Heritage Commerce Corp............................. 59,780 499,761 Heritage Financial Corp............................ 116,238 1,804,014 Heritage Financial Group, Inc...................... 7,167 171,793 HF Financial Corp.................................. 8,198 118,133 HFF, Inc. Class A.................................. 273,022 9,274,557 * Hilltop Holdings, Inc.............................. 615,044 11,163,049 Hingham Institution for Savings.................... 4,073 358,424 * HMN Financial, Inc................................. 31,110 380,786 Home Bancorp, Inc.................................. 921 20,151 # Home BancShares, Inc............................... 467,715 13,853,718 # HomeStreet, Inc.................................... 12,397 218,931 #* HomeTrust Bancshares, Inc.......................... 12,464 192,569 HopFed Bancorp, Inc................................ 7,872 103,989 Horace Mann Educators Corp......................... 277,243 8,447,594 # Horizon Bancorp.................................... 9,206 206,030 Hudson Valley Holding Corp......................... 34,589 853,311 Iberiabank Corp.................................... 225,993 12,341,478 # Independence Holding Co............................ 76,440 971,552 # Independent Bank Corp.(453836108).................. 162,356 6,141,928 Independent Bank Corp.(453838609).................. 28,411 349,455 # Independent Bank Group, Inc........................ 9,922 309,666 Infinity Property & Casualty Corp.................. 47,846 3,362,138 Interactive Brokers Group, Inc. Class A............ 437,401 13,397,593 * InterGroup Corp. (The)............................. 1,860 33,629 International Bancshares Corp...................... 392,980 8,845,980 Intervest Bancshares Corp. Class A................. 14,332 141,170 #* INTL. FCStone, Inc................................. 77,421 1,492,677 * Investment Technology Group, Inc................... 158,089 3,280,347 Investors Bancorp, Inc............................. 1,522,976 16,767,966 Investors Title Co................................. 5,690 408,201 * Jacksonville Bancorp, Inc.......................... 80 869 # Janus Capital Group, Inc........................... 404,789 7,099,999 JMP Group, Inc..................................... 97,411 743,246 #* JW Mays, Inc....................................... 200 10,648 * KCG Holdings, Inc. Class A......................... 132,966 1,626,174 244 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) #* Kearny Financial Corp.............................. 173,043 $ 2,249,559 # Kemper Corp........................................ 374,178 13,062,554 Kennedy-Wilson Holdings, Inc....................... 523,877 13,929,889 Kentucky First Federal Bancorp..................... 11,174 91,850 #* Ladenburg Thalmann Financial Services, Inc......... 408,207 1,555,269 Lake Shore Bancorp, Inc............................ 537 7,048 Lakeland Bancorp, Inc.............................. 160,644 1,733,349 Lakeland Financial Corp............................ 100,699 3,800,380 Landmark Bancorp, Inc.............................. 4,663 97,923 LegacyTexas Financial Group, Inc................... 282,234 5,593,878 * LendingTree, Inc................................... 56,523 2,327,617 LNB Bancorp, Inc................................... 32,149 559,393 Louisiana Bancorp, Inc............................. 1,387 29,626 # Macatawa Bank Corp................................. 122,490 645,522 * Magyar Bancorp, Inc................................ 1,800 14,940 # Maiden Holdings, Ltd............................... 437,470 5,468,375 # MainSource Financial Group, Inc.................... 82,578 1,585,498 * Malvern Bancorp, Inc............................... 2,604 31,118 Manning & Napier, Inc.............................. 71,331 763,955 # MarketAxess Holdings, Inc.......................... 272,364 20,691,493 Marlin Business Services Corp...................... 56,266 903,069 #* Maui Land & Pineapple Co., Inc..................... 16,899 106,633 MB Financial, Inc.................................. 487,038 13,836,750 * MBIA, Inc.......................................... 1,124,416 9,017,816 * MBT Financial Corp................................. 13,337 68,419 Meadowbrook Insurance Group, Inc................... 246,336 2,044,589 # Mercantile Bank Corp............................... 39,237 745,503 Merchants Bancshares, Inc.......................... 30,722 822,428 # Mercury General Corp............................... 269,961 15,428,271 * Meridian Bancorp, Inc.............................. 88,538 1,027,926 Meta Financial Group, Inc.......................... 12,958 433,704 * Metro Bancorp, Inc................................. 86,917 2,212,907 #* MGIC Investment Corp............................... 675,535 5,755,558 Mid Penn Bancorp, Inc.............................. 2,649 41,060 # MidSouth Bancorp, Inc.............................. 30,198 420,960 # MidWestOne Financial Group, Inc.................... 741 20,763 # Montpelier Re Holdings, Ltd........................ 263,090 9,242,352 * MSB Financial Corp................................. 1,000 10,570 MutualFirst Financial, Inc......................... 10,911 238,842 National Bank Holdings Corp. Class A............... 58,532 1,079,915 # National Interstate Corp........................... 124,718 3,213,983 # National Penn Bancshares, Inc...................... 1,047,163 10,157,481 National Western Life Insurance Co. Class A........ 4,334 1,033,182 #* Nationstar Mortgage Holdings, Inc.................. 30,257 777,907 #* Naugatuck Valley Financial Corp.................... 1,596 13,837 * Navigators Group, Inc. (The)....................... 84,756 6,290,590 # NBT Bancorp, Inc................................... 239,532 5,511,631 Nelnet, Inc. Class A............................... 218,594 9,561,302 # New Hampshire Thrift Bancshares, Inc............... 8,785 133,268 * NewBridge Bancorp.................................. 93,066 729,637 #* NewStar Financial, Inc............................. 188,969 1,997,402 * Nicholas Financial, Inc............................ 6,882 97,931 Northeast Bancorp.................................. 493 4,432 245 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Northeast Community Bancorp, Inc................... 11,679 $ 81,052 # Northfield Bancorp, Inc............................ 301,378 4,339,843 Northrim BanCorp, Inc.............................. 15,577 322,911 Northway Financial, Inc............................ 5,279 107,428 Northwest Bancshares, Inc.......................... 639,718 7,548,672 Norwood Financial Corp............................. 1,963 58,772 # Ocean Shore Holding Co............................. 3,443 48,650 OceanFirst Financial Corp.......................... 88,480 1,433,376 OFG Bancorp........................................ 308,312 4,963,823 Ohio Valley Banc Corp.............................. 6,595 158,280 Old Line Bancshares, Inc........................... 4,075 58,843 Old National Bancorp............................... 746,263 10,007,387 #* Old Second Bancorp, Inc............................ 46,326 252,013 OneBeacon Insurance Group, Ltd. Class A............ 163,058 2,577,947 Oppenheimer Holdings, Inc. Class A................. 30,273 597,892 Oritani Financial Corp............................. 312,355 4,407,329 Pacific Continental Corp........................... 83,377 1,053,885 * Pacific Mercantile Bancorp......................... 8,605 58,944 #* Pacific Premier Bancorp, Inc....................... 43,057 639,827 # PacWest Bancorp.................................... 417,223 17,838,369 # Park National Corp................................. 66,464 5,344,370 Park Sterling Corp................................. 147,137 985,818 * Patriot National Bancorp, Inc...................... 3,100 5,332 # Peapack Gladstone Financial Corp................... 45,893 818,272 # Penns Woods Bancorp, Inc........................... 16,245 721,440 * PennyMac Financial Services, Inc. Class A.......... 11,708 210,978 Peoples Bancorp.................................... 555 13,459 Peoples Bancorp of North Carolina, Inc............. 3,975 71,669 # Peoples Bancorp, Inc............................... 48,875 1,116,794 #* PHH Corp........................................... 333,047 8,306,192 * Phoenix Cos., Inc. (The)........................... 17,230 1,068,777 * PICO Holdings, Inc................................. 133,632 2,136,776 Pinnacle Financial Partners, Inc................... 248,612 8,935,115 * Piper Jaffray Cos.................................. 66,404 3,389,924 Platinum Underwriters Holdings, Ltd................ 185,551 13,699,230 * Popular, Inc....................................... 100,993 3,113,614 #* PRA Group, Inc..................................... 370,703 18,357,213 Preferred Bank..................................... 33,480 874,163 Premier Financial Bancorp, Inc..................... 30,814 456,972 Primerica, Inc..................................... 396,513 19,682,905 PrivateBancorp, Inc................................ 554,157 16,813,123 ProAssurance Corp.................................. 106,947 4,745,238 Provident Financial Holdings, Inc.................. 45,783 710,552 Provident Financial Services, Inc.................. 399,824 6,940,945 Prudential Bancorp, Inc............................ 7,693 93,624 Pulaski Financial Corp............................. 39,714 472,597 # Pzena Investment Management, Inc. Class A.......... 76,170 619,262 QC Holdings, Inc................................... 67,835 114,980 # Radian Group, Inc.................................. 466,486 7,351,819 # RCS Capital Corp. Class A.......................... 97,763 921,905 #* Regional Management Corp........................... 15,308 222,425 Renasant Corp...................................... 183,562 4,801,982 Republic Bancorp, Inc. Class A..................... 77,256 1,760,664 246 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) * Republic First Bancorp, Inc........................ 21,386 $ 73,354 # Resource America, Inc. Class A..................... 121,489 1,067,888 * Riverview Bancorp, Inc............................. 40,565 178,486 # RLI Corp........................................... 301,660 14,150,871 * Royal Bancshares of Pennsylvania, Inc. Class A..... 16,590 29,862 # S&T Bancorp, Inc................................... 173,479 4,768,938 #* Safeguard Scientifics, Inc......................... 141,891 2,600,862 Safety Insurance Group, Inc........................ 102,202 6,331,414 Salisbury Bancorp, Inc............................. 2,458 67,103 # Sandy Spring Bancorp, Inc.......................... 139,466 3,448,994 SB Financial Group, Inc............................ 790 7,592 #* Seacoast Banking Corp. of Florida.................. 56,205 711,555 * Select Bancorp, Inc................................ 2,400 17,208 Selective Insurance Group, Inc..................... 343,258 8,862,922 #* Shore Bancshares, Inc.............................. 16,489 152,523 SI Financial Group, Inc............................ 6,862 75,551 # Sierra Bancorp..................................... 39,575 626,868 Silvercrest Asset Management Group, Inc. Class A... 700 9,870 # Simmons First National Corp. Class A............... 112,895 4,224,531 Simplicity Bancorp, Inc............................ 17,616 309,865 South State Corp................................... 158,822 9,483,262 * Southcoast Financial Corp.......................... 13 98 * Southern First Bancshares, Inc..................... 3,037 53,148 Southern Missouri Bancorp, Inc..................... 1,107 40,959 # Southern National Bancorp of Virginia, Inc......... 493 5,497 # Southside Bancshares, Inc.......................... 116,834 3,189,568 Southwest Bancorp, Inc............................. 107,962 1,647,500 Southwest Georgia Financial Corp................... 1,844 25,576 #* St Joe Co. (The)................................... 285,095 4,607,135 # StanCorp Financial Group, Inc...................... 277,183 17,196,433 State Auto Financial Corp.......................... 141,017 3,102,374 State Bank Financial Corp.......................... 3,006 54,890 Sterling Bancorp................................... 516,201 6,803,529 Stewart Information Services Corp.................. 157,938 5,654,180 * Stifel Financial Corp.............................. 398,717 18,799,507 Stock Yards Bancorp, Inc........................... 61,585 1,896,818 * Stratus Properties, Inc............................ 26,622 358,865 # Suffolk Bancorp.................................... 78,876 1,814,148 Summit State Bank.................................. 195 2,615 #* Sun Bancorp, Inc................................... 53,418 977,549 Susquehanna Bancshares, Inc........................ 1,288,239 16,244,694 Sussex Bancorp..................................... 10,149 101,490 Symetra Financial Corp............................. 674,935 13,707,930 Synovus Financial Corp............................. 491,566 12,667,656 TCF Financial Corp................................. 1,248,381 18,351,201 #* Tejon Ranch Co..................................... 140,153 3,450,567 Territorial Bancorp, Inc........................... 42,901 932,668 # Teton Advisors, Inc. Class A....................... 311 17,002 * Texas Capital Bancshares, Inc...................... 326,745 13,347,533 Timberland Bancorp, Inc............................ 76,238 800,499 # Tompkins Financial Corp............................ 59,191 3,034,723 # Towne Bank......................................... 98,969 1,436,040 Trico Bancshares................................... 105,048 2,452,871 247 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) * Trinity Place Holdings, Inc....................... 34,797 $ 260,978 * TriState Capital Holdings, Inc.................... 5,685 53,780 # TrustCo Bank Corp................................. 657,776 4,229,500 Trustmark Corp.................................... 461,172 9,850,634 # UMB Financial Corp................................ 290,250 14,082,930 # Umpqua Holdings Corp.............................. 588,108 9,121,555 * Unico American Corp............................... 11,600 137,518 Union Bankshares Corp............................. 225,025 4,500,500 # Union Bankshares, Inc............................. 2,252 55,838 United Bancshares, Inc............................ 900 13,050 # United Bankshares, Inc............................ 454,459 15,365,259 United Community Banks, Inc....................... 343,312 6,011,393 # United Community Financial Corp................... 503,382 2,718,263 United Financial Bancorp, Inc..................... 284,722 3,541,942 United Fire Group, Inc............................ 109,027 3,046,214 United Insurance Holdings Corp.................... 11,290 275,815 * United Security Bancshares........................ 29,156 150,445 Unity Bancorp, Inc................................ 9,365 85,783 # Universal Insurance Holdings, Inc................. 255,729 5,940,585 Univest Corp. of Pennsylvania..................... 72,986 1,351,701 # Valley National Bancorp........................... 483,218 4,387,619 Virtus Investment Partners, Inc................... 52,781 7,158,687 VSB Bancorp, Inc.................................. 1,037 12,237 * Walker & Dunlop, Inc.............................. 121,301 2,153,093 # Washington Federal, Inc........................... 711,534 14,131,065 # Washington Trust Bancorp, Inc..................... 78,573 2,877,343 # Waterstone Financial, Inc......................... 103,321 1,310,110 Wayne Savings Bancshares, Inc..................... 2,043 27,090 Webster Financial Corp............................ 652,326 19,915,513 # WesBanco, Inc..................................... 165,743 5,002,124 # West Bancorporation, Inc.......................... 64,818 1,060,422 # Westamerica Bancorporation........................ 186,105 7,570,751 * Western Alliance Bancorp.......................... 630,456 16,209,024 Westfield Financial, Inc.......................... 115,394 830,837 Westwood Holdings Group, Inc...................... 29,950 1,766,751 Wilshire Bancorp, Inc............................. 569,697 5,184,243 Wintrust Financial Corp........................... 322,466 14,017,597 # WisdomTree Investments, Inc....................... 1,000,002 17,420,035 #* World Acceptance Corp............................. 62,914 4,621,033 * Wright Investors' Service Holdings, Inc........... 13,860 20,651 WSFS Financial Corp............................... 25,043 1,849,676 WVS Financial Corp................................ 4,423 50,113 * Yadkin Financial Corp............................. 42,106 802,540 -------------- Total Financials...................................... 1,619,453,318 -------------- Health Care -- (8.5%) # Abaxis, Inc....................................... 48,759 2,997,703 #* Acadia Healthcare Co., Inc........................ 315,944 18,245,766 * Accelerate Diagnostics, Inc....................... 10,203 219,365 #* Accretive Health, Inc............................. 5,000 29,250 #* Accuray, Inc...................................... 70,679 520,904 #* Achillion Pharmaceuticals, Inc.................... 13,511 200,638 #* Acorda Therapeutics, Inc.......................... 211,500 8,787,825 248 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) #* Adamis Pharmaceuticals Corp........................ 8,900 $ 60,698 #* Adcare Health Systems, Inc......................... 970 3,880 * Addus HomeCare Corp................................ 70,696 1,568,037 #* Affymetrix, Inc.................................... 474,809 5,241,891 #* Air Methods Corp................................... 275,545 11,448,895 #* Akorn, Inc......................................... 616,939 26,269,263 #* Albany Molecular Research, Inc..................... 241,896 3,950,162 * Alere, Inc......................................... 212,643 8,652,444 #* Alliance HealthCare Services, Inc.................. 49,628 1,118,615 * Allied Healthcare Products, Inc.................... 13,770 21,481 #* Allscripts Healthcare Solutions, Inc............... 1,235,405 14,713,674 #* Almost Family, Inc................................. 43,302 1,314,649 #* Alphatec Holdings, Inc............................. 255,458 326,986 #* AMAG Pharmaceuticals, Inc.......................... 80,969 3,578,020 #* Amedisys, Inc...................................... 220,560 6,215,381 * American Shared Hospital Services.................. 10,189 25,574 * AMN Healthcare Services, Inc....................... 329,262 6,196,711 * Amsurg Corp........................................ 314,427 17,350,082 #* Anacor Pharmaceuticals, Inc........................ 10,078 378,933 Analogic Corp...................................... 82,443 6,721,578 * AngioDynamics, Inc................................. 226,566 4,360,263 * ANI Pharmaceuticals, Inc........................... 799 44,720 * Anika Therapeutics, Inc............................ 108,109 4,235,711 #* Antares Pharma, Inc................................ 18,462 43,201 * Arqule, Inc........................................ 93,636 108,618 #* Arrhythmia Research Technology, Inc................ 6,674 51,323 * AtriCure, Inc...................................... 638 12,658 # Atrion Corp........................................ 10,342 3,464,570 #* Bio-Reference Laboratories, Inc.................... 130,423 4,373,083 #* Bioanalytical Systems, Inc......................... 5,617 11,683 #* BioDelivery Sciences International, Inc............ 146,325 1,916,858 #* BioScrip, Inc...................................... 487,918 2,805,528 * Biospecifics Technologies Corp..................... 36,553 1,437,995 * Biota Pharmaceuticals, Inc......................... 24,681 59,234 * BioTelemetry, Inc.................................. 160,926 1,589,949 #* Bovie Medical Corp................................. 54,539 190,887 #* Bruker Corp........................................ 8,300 156,538 * Cambrex Corp....................................... 222,154 4,982,914 Cantel Medical Corp................................ 287,030 11,644,807 #* Capital Senior Living Corp......................... 206,731 4,934,669 #* CASI Pharmaceuticals, Inc.......................... 9,289 15,606 #* Catalyst Pharmaceutical Partners, Inc.............. 6,701 24,459 #* Celsion Corp....................................... 8,283 18,305 * Centene Corp....................................... 172,497 18,829,773 * Charles River Laboratories International, Inc...... 354,585 24,590,470 # Chemed Corp........................................ 102,071 10,323,461 # Computer Programs & Systems, Inc................... 81,679 4,023,508 # CONMED Corp........................................ 121,090 5,768,728 #* Corcept Therapeutics, Inc.......................... 59,506 173,162 * Coronado Biosciences, Inc.......................... 4,900 12,250 * Corvel Corp........................................ 116,223 3,828,386 * Cross Country Healthcare, Inc...................... 222,605 2,277,249 # CryoLife, Inc...................................... 194,282 2,187,615 249 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Cumberland Pharmaceuticals, Inc.................... 140,275 $ 814,998 #* Cutera, Inc........................................ 91,460 1,216,418 * Cyberonics, Inc.................................... 183,205 10,180,702 * Cynosure, Inc. Class A............................. 175,359 5,299,349 #* Cytokinetics, Inc.................................. 36,219 256,793 #* CytRx Corp......................................... 23,750 61,038 Daxor Corp......................................... 14,561 90,715 * Depomed, Inc....................................... 413,925 7,562,410 #* Derma Sciences, Inc................................ 2,824 24,286 Digirad Corp....................................... 120,709 500,942 #* Discovery Laboratories, Inc........................ 1,415 1,967 * Durect Corp........................................ 120,100 112,894 #* Dynavax Technologies Corp.......................... 3,962 67,750 #* Emergent Biosolutions, Inc......................... 260,438 7,300,077 * Endo International P.L.C........................... 94,885 7,553,793 #* Endocyte, Inc...................................... 3,082 15,965 Ensign Group, Inc. (The)........................... 155,317 6,445,655 #* EnteroMedics, Inc.................................. 3,200 3,712 * Enzo Biochem, Inc.................................. 184,277 580,473 * EPIRUS Biopharmaceuticals, Inc..................... 353 1,747 #* Exact Sciences Corp................................ 80,468 2,189,534 * Exactech, Inc...................................... 59,080 1,228,273 #* ExamWorks Group, Inc............................... 284,550 10,516,968 * Fibrocell Science, Inc............................. 3,711 15,364 * Five Star Quality Care, Inc........................ 225,408 784,420 * Genesis Healthcare, Inc............................ 114,143 947,387 * Gentiva Health Services, Inc....................... 173,978 3,378,653 #* Globus Medical, Inc. Class A....................... 487,697 11,499,895 * Greatbatch, Inc.................................... 173,322 8,416,516 #* Haemonetics Corp................................... 330,752 13,097,779 * Halyard Health, Inc................................ 5,246 233,814 #* Hanger, Inc........................................ 216,920 4,681,134 * Harvard Apparatus Regenerative Technology, Inc..... 33,977 110,425 * Harvard Bioscience, Inc............................ 147,875 770,429 * Health Net, Inc.................................... 485,957 26,324,291 # HealthSouth Corp................................... 430,844 19,000,220 * HealthStream, Inc.................................. 99,925 2,823,880 * Healthways, Inc.................................... 254,513 5,248,058 Hill-Rom Holdings, Inc............................. 422,035 20,156,392 #* HMS Holdings Corp.................................. 611,417 12,096,885 * Hooper Holmes, Inc................................. 536,021 257,290 * iCAD, Inc.......................................... 1,200 9,540 * ICU Medical, Inc................................... 114,354 9,557,707 #* Idera Pharmaceuticals, Inc......................... 146,982 664,359 #* Impax Laboratories, Inc............................ 520,953 19,103,347 * Infinity Pharmaceuticals, Inc...................... 123,598 1,908,353 #* InfuSystems Holdings, Inc.......................... 14,909 41,149 #* Insys Therapeutics, Inc............................ 153,275 7,323,479 * Integra LifeSciences Holdings Corp................. 226,436 12,617,014 Invacare Corp...................................... 204,343 2,993,625 #* IPC Healthcare, Inc................................ 120,166 4,849,900 * Iridex Corp........................................ 4,691 42,454 Kewaunee Scientific Corp........................... 10,935 196,174 250 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) Kindred Healthcare, Inc............................ 425,412 $ 7,853,106 #* La Jolla Pharmaceutical Co......................... 2,659 58,073 # Landauer, Inc...................................... 45,158 1,263,069 #* Lannett Co., Inc................................... 266,573 12,643,557 # LeMaitre Vascular, Inc............................. 98,353 777,972 #* LHC Group, Inc..................................... 91,853 2,729,871 * LifePoint Hospitals, Inc........................... 236,483 15,428,151 #* Ligand Pharmaceuticals, Inc. Class B............... 145,953 8,307,645 #* Luminex Corp....................................... 191,789 3,385,076 * Magellan Health, Inc............................... 192,327 11,562,699 * Masimo Corp........................................ 377,327 9,629,385 #* Mast Therapeutics, Inc............................. 76,900 33,605 * MedAssets, Inc..................................... 382,885 7,087,201 o* MedCath Corp....................................... 65,962 -- * Medicines Co. (The)................................ 467,203 13,394,710 #* MediciNova, Inc.................................... 25,896 97,887 * Merge Healthcare, Inc.............................. 362,237 1,340,277 # Meridian Bioscience, Inc........................... 232,617 4,024,274 * Merit Medical Systems, Inc......................... 267,226 4,096,575 * MGC Diagnostics Corp............................... 215 1,542 #* MiMedx Group, Inc.................................. 46,964 382,991 * Misonix, Inc....................................... 86,409 1,155,288 #* Molina Healthcare, Inc............................. 355,914 18,119,582 * Momenta Pharmaceuticals, Inc....................... 303,356 3,267,144 #* MWI Veterinary Supply, Inc......................... 74,650 14,158,865 #* Myriad Genetics, Inc............................... 502,527 18,804,560 National Healthcare Corp........................... 42,718 2,689,952 # National Research Corp. Class A.................... 88,416 1,224,562 # National Research Corp. Class B.................... 14,736 509,129 * Natus Medical, Inc................................. 239,520 9,005,952 * Neogen Corp........................................ 99,867 4,603,869 * NeoGenomics, Inc................................... 7,000 28,210 #* Northwest Biotherapeutics, Inc..................... 5,903 37,425 * NuVasive, Inc...................................... 322,282 14,928,102 * Ocera Therapeutics, Inc............................ 2,000 12,600 * Omnicell, Inc...................................... 259,790 8,269,116 #* OncoGenex Pharmaceuticals, Inc..................... 11,746 23,609 * Onconova Therapeutics, Inc......................... 3,000 11,550 #* Oncothyreon, Inc................................... 7,277 11,498 * OraSure Technologies, Inc.......................... 102,398 941,038 * Orthofix International NV.......................... 115,332 3,517,626 # Owens & Minor, Inc................................. 467,736 16,010,603 #* Pacific Biosciences of California, Inc............. 79,858 642,058 #* Pacira Pharmaceuticals, Inc........................ 4,095 439,598 * Pain Therapeutics, Inc............................. 203,822 401,529 # Paratek Pharmaceuticals, Inc....................... 6,148 151,856 #* PAREXEL International Corp......................... 393,364 23,979,469 #* PDI, Inc........................................... 127,587 199,036 # PDL BioPharma, Inc................................. 697,874 5,087,501 #* Pernix Therapeutics Holdings, Inc.................. 65,748 546,366 * PharMerica Corp.................................... 199,571 4,592,129 #* PhotoMedex, Inc.................................... 17,948 33,742 #* Pozen, Inc......................................... 224,910 1,554,128 251 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Prestige Brands Holdings, Inc...................... 374,983 $12,846,918 #* Progenics Pharmaceuticals, Inc..................... 149,791 895,750 * ProPhase Labs, Inc................................. 15,982 25,411 #* Providence Service Corp. (The)..................... 112,277 4,378,803 #* pSivida Corp....................................... 15,373 59,494 Psychemedics Corp.................................. 6,901 103,239 Quality Systems, Inc............................... 412,823 6,724,887 #* Quidel Corp........................................ 148,605 3,498,162 * RadNet, Inc........................................ 301,947 2,382,362 * Receptos, Inc...................................... 36,944 4,070,120 #* Repligen Corp...................................... 241,275 5,860,570 #* Repros Therapeutics, Inc........................... 6,764 58,170 #* Retrophin, Inc..................................... 31,358 402,637 #* Rigel Pharmaceuticals, Inc......................... 339,496 702,757 #* RTI Surgical, Inc.................................. 374,060 1,668,308 #* RXi Pharmaceuticals Corp........................... 2 2 #* Sagent Pharmaceuticals, Inc........................ 187,625 4,816,334 #* Sciclone Pharmaceuticals, Inc...................... 381,651 2,816,584 Select Medical Holdings Corp....................... 970,739 13,124,391 Simulations Plus, Inc.............................. 35,178 223,732 Span-America Medical Systems, Inc.................. 12,193 209,720 #* Special Diversified Opportunities, Inc............. 1,950 2,321 #* Spectrum Pharmaceuticals, Inc...................... 280,684 1,964,788 #* Staar Surgical Co.................................. 14,362 86,172 #* StemCells, Inc..................................... 10,349 11,798 #* Stereotaxis, Inc................................... 8,630 14,326 STERIS Corp........................................ 354,414 23,114,881 #* Sucampo Pharmaceuticals, Inc. Class A.............. 146,174 2,201,380 #* Surgical Care Affiliates, Inc...................... 2,985 96,266 #* SurModics, Inc..................................... 91,633 2,100,228 * Symmetry Surgical, Inc............................. 61,140 440,208 #* Targacept, Inc..................................... 45,419 114,002 * Team Health Holdings, Inc.......................... 241,501 12,485,602 * TG Therapeutics, Inc............................... 7,537 107,327 #* Thoratec Corp...................................... 254,896 9,148,217 * Tornier NV......................................... 209,268 5,058,008 #* TransEnterix, Inc.................................. 5,765 17,122 * Triple-S Management Corp. Class B.................. 163,535 3,937,923 #* Unilife Corp....................................... 11,424 45,353 * Universal American Corp............................ 410,815 3,709,659 * Uroplasty, Inc..................................... 12,442 15,304 US Physical Therapy, Inc........................... 76,784 2,978,451 # Utah Medical Products, Inc......................... 17,665 1,001,429 * Vascular Solutions, Inc............................ 119,498 3,257,515 * VCA, Inc........................................... 609,114 31,734,839 #* Verastem, Inc...................................... 19,273 140,693 * Vical, Inc......................................... 12,783 13,294 #* Volcano Corp....................................... 16,523 296,918 * WellCare Health Plans, Inc......................... 155,366 11,318,413 West Pharmaceutical Services, Inc.................. 353,188 17,415,700 * Wright Medical Group, Inc.......................... 255,723 6,242,198 252 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) #* XenoPort, Inc...................................... 3,997 $ 33,295 ------------ Total Health Care...................................... 978,860,317 ------------ Industrials -- (14.1%) AAON, Inc.......................................... 372,954 8,134,127 AAR Corp........................................... 256,046 7,338,278 ABM Industries, Inc................................ 371,952 10,738,254 # Acacia Research Corp............................... 215,375 2,696,495 * ACCO Brands Corp................................... 601,055 4,760,356 * Accuride Corp...................................... 190,259 837,140 # Aceto Corp......................................... 208,649 4,047,791 Acme United Corp................................... 7,500 142,500 * Active Power, Inc.................................. 77,492 140,261 Actuant Corp. Class A.............................. 458,333 10,592,076 #* Adept Technology, Inc.............................. 63,689 592,308 #* Advisory Board Co. (The)........................... 249,645 11,703,358 * Aegion Corp........................................ 260,581 3,992,101 * AeroCentury Corp................................... 2,989 24,211 * Aerovironment, Inc................................. 157,253 4,024,104 * Air Transport Services Group, Inc.................. 308,536 2,570,105 Aircastle, Ltd..................................... 213,426 4,281,326 Alamo Group, Inc................................... 65,330 2,943,116 Albany International Corp. Class A................. 196,882 6,719,583 # Allegiant Travel Co................................ 130,844 23,718,092 Allied Motion Technologies, Inc.................... 48,627 1,090,217 #* Alpha PRO Tech, Ltd................................ 7,903 20,548 # Altra Industrial Motion Corp....................... 190,644 4,870,954 * AMERCO............................................. 73,355 20,987,599 #* Ameresco, Inc. Class A............................. 89,613 522,444 # American Railcar Industries, Inc................... 113,169 5,681,084 # American Science & Engineering, Inc................ 48,582 2,254,205 #* American Superconductor Corp....................... 57,131 39,992 * American Woodmark Corp............................. 110,823 4,558,150 * AMREP Corp......................................... 8,340 31,692 Apogee Enterprises, Inc............................ 212,475 9,191,668 Applied Industrial Technologies, Inc............... 300,718 12,158,029 * ARC Document Solutions, Inc........................ 323,062 2,962,479 # ArcBest Corp....................................... 181,125 6,748,717 Argan, Inc......................................... 105,250 3,200,652 * Armstrong World Industries, Inc.................... 312,146 15,825,802 #* Arotech Corp....................................... 82,319 187,687 * Art's-Way Manufacturing Co., Inc................... 400 1,932 Astec Industries, Inc.............................. 135,055 4,802,556 * Astronics Corp..................................... 94,153 5,243,381 #* Astronics Corp. Class B............................ 33,777 1,891,512 * Atlas Air Worldwide Holdings, Inc.................. 164,839 7,450,723 * Avalon Holdings Corp. Class A...................... 41,336 125,248 * Avis Budget Group, Inc............................. 292,900 16,786,099 AZZ, Inc........................................... 180,029 7,595,423 Babcock & Wilcox Co. (The)......................... 67,890 1,848,645 # Baltic Trading, Ltd................................ 149,223 241,741 Barnes Group, Inc.................................. 358,569 12,316,845 # Barrett Business Services, Inc..................... 47,056 1,442,266 253 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Beacon Roofing Supply, Inc......................... 337,448 $ 7,994,143 * Blount International, Inc.......................... 415,625 6,442,187 * BlueLinx Holdings, Inc............................. 119,501 124,281 Brady Corp. Class A................................ 299,771 7,845,007 * Breeze-Eastern Corp................................ 41,547 417,547 # Briggs & Stratton Corp............................. 323,805 5,961,250 Brink's Co. (The).................................. 304,603 6,826,153 #* Builders FirstSource, Inc.......................... 185,367 1,097,373 * CAI International, Inc............................. 108,326 2,271,596 * Casella Waste Systems, Inc. Class A................ 166,902 635,897 #* CBIZ, Inc.......................................... 328,151 2,717,090 CDI Corp........................................... 87,181 1,481,205 Ceco Environmental Corp............................ 110,262 1,512,795 Celadon Group, Inc................................. 159,293 3,795,952 #* Cenveo, Inc........................................ 24,095 47,467 * Chart Industries, Inc.............................. 167,762 4,781,217 Chicago Rivet & Machine Co......................... 4,123 125,834 # CIRCOR International, Inc.......................... 115,816 5,720,152 Civeo Corp......................................... 133,947 392,465 # CLARCOR, Inc....................................... 144,943 9,063,286 #* Clean Harbors, Inc................................. 25,263 1,195,445 Columbus McKinnon Corp............................. 125,385 3,140,894 Comfort Systems USA, Inc........................... 249,247 4,149,963 * Commercial Vehicle Group, Inc...................... 186,587 1,031,826 Compx International, Inc........................... 9,814 105,893 Con-way, Inc....................................... 425,536 17,434,210 Conrad Industries, Inc............................. 6,600 201,366 Corporate Executive Board Co. (The)................ 243,072 16,655,293 Courier Corp....................................... 47,126 1,106,047 Covanta Holding Corp............................... 776,042 15,862,298 * Covenant Transportation Group, Inc. Class A........ 158,118 4,474,739 #* CPI Aerostructures, Inc............................ 28,946 340,115 * CRA International, Inc............................. 38,940 1,149,898 * CTPartners Executive Search, Inc................... 33,802 185,235 Cubic Corp......................................... 167,606 8,764,118 Curtiss-Wright Corp................................ 262,914 17,491,668 Deluxe Corp........................................ 360,510 23,407,914 #* DigitalGlobe, Inc.................................. 496,843 13,360,108 Douglas Dynamics, Inc.............................. 159,786 3,226,079 * Ducommun, Inc...................................... 72,915 1,893,603 * DXP Enterprises, Inc............................... 94,165 3,862,648 * Dycom Industries, Inc.............................. 240,331 7,404,598 # Dynamic Materials Corp............................. 65,489 927,324 Eastern Co. (The).................................. 20,021 378,797 #* Echo Global Logistics, Inc......................... 170,431 4,499,378 Ecology and Environment, Inc. Class A.............. 10,494 102,841 EMCOR Group, Inc................................... 386,995 15,619,118 Encore Wire Corp................................... 125,932 3,857,297 #* Energy Recovery, Inc............................... 163,092 538,204 # EnerSys............................................ 313,610 18,308,552 * Engility Holdings, Inc............................. 63,952 2,551,685 Ennis, Inc......................................... 127,149 1,696,168 * EnPro Industries, Inc.............................. 169,013 10,027,541 254 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Environmental Tectonics Corp....................... 7,400 $ 12,580 EnviroStar, Inc.................................... 7,443 17,714 #* Erickson, Inc...................................... 953 6,719 ESCO Technologies, Inc............................. 161,544 5,818,815 Espey Manufacturing & Electronics Corp............. 13,081 350,702 * Esterline Technologies Corp........................ 177,418 19,886,784 Exelis, Inc........................................ 782,193 13,383,322 Exponent, Inc...................................... 87,942 7,047,672 Federal Signal Corp................................ 458,445 7,000,455 Forward Air Corp................................... 218,134 9,794,217 * Franklin Covey Co.................................. 117,899 2,130,435 # Franklin Electric Co., Inc......................... 301,737 10,322,423 # FreightCar America, Inc............................ 87,900 2,051,586 #* FTI Consulting, Inc................................ 281,420 11,445,351 #* Fuel Tech, Inc..................................... 144,356 466,270 * Furmanite Corp..................................... 234,505 1,718,922 G&K Services, Inc. Class A......................... 141,362 9,909,476 GATX Corp.......................................... 257,701 14,727,612 #* Gencor Industries, Inc............................. 5,287 48,376 #* GenCorp, Inc....................................... 228,340 3,836,112 #* Generac Holdings, Inc.............................. 300,853 13,159,310 # General Cable Corp................................. 296,590 3,392,990 * Gibraltar Industries, Inc.......................... 173,957 2,633,709 Global Brass & Copper Holdings, Inc................ 52,524 689,640 # Global Power Equipment Group, Inc.................. 51,636 636,672 #* Goldfield Corp. (The).............................. 82,499 187,273 # Gorman-Rupp Co. (The).............................. 142,142 4,052,468 * GP Strategies Corp................................. 118,773 3,964,643 #* GrafTech International, Ltd........................ 378,624 1,374,405 Graham Corp........................................ 59,652 1,234,200 # Granite Construction, Inc.......................... 279,971 9,541,412 #* Great Lakes Dredge & Dock Corp..................... 389,185 3,023,967 # Greenbrier Cos., Inc. (The)........................ 203,804 10,583,542 Griffon Corp....................................... 269,390 3,957,339 H&E Equipment Services, Inc........................ 250,684 4,396,997 Hardinge, Inc...................................... 60,504 690,351 Harsco Corp........................................ 549,868 8,116,052 #* Hawaiian Holdings, Inc............................. 319,774 6,216,407 * HC2 Holdings, Inc.................................. 18,211 135,854 # Healthcare Services Group, Inc..................... 402,222 12,674,015 # Heartland Express, Inc............................. 634,020 16,287,974 # HEICO Corp......................................... 142,812 8,665,832 HEICO Corp. Class A................................ 154,646 7,294,652 Heidrick & Struggles International, Inc............ 117,481 2,603,379 #* Heritage-Crystal Clean, Inc........................ 9,775 124,631 Herman Miller, Inc................................. 74,048 2,151,094 * Hill International, Inc............................ 194,332 742,348 Hillenbrand, Inc................................... 460,131 14,452,715 # HNI Corp........................................... 325,529 16,032,303 # Houston Wire & Cable Co............................ 137,053 1,517,177 * Hub Group, Inc. Class A............................ 312,519 10,438,135 * Hudson Global, Inc................................. 123,326 302,149 * Hudson Technologies, Inc........................... 3,900 13,143 255 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) Hurco Cos., Inc.................................... 37,359 $ 1,310,554 * Huron Consulting Group, Inc........................ 165,345 12,437,251 #* Huttig Building Products, Inc...................... 100,706 322,259 # Hyster-Yale Materials Handling, Inc................ 80,994 5,074,274 * ICF International, Inc............................. 106,011 3,960,571 #* InnerWorkings, Inc................................. 160,889 825,361 * Innovative Solutions & Support, Inc................ 46,017 181,307 Insperity, Inc..................................... 173,978 7,296,637 Insteel Industries, Inc............................ 119,271 2,435,514 * Integrated Electrical Services, Inc................ 37,023 270,638 * Intelligent Systems Corp........................... 32,937 67,521 Interface, Inc..................................... 461,526 7,250,573 # International Shipholding Corp..................... 18,655 312,658 # Intersections, Inc................................. 93,658 320,310 #* JetBlue Airways Corp............................... 2,047,846 34,383,334 John Bean Technologies Corp........................ 204,437 6,171,953 * JPS Industries, Inc................................ 8,700 83,433 Kadant, Inc........................................ 37,897 1,506,027 # Kaman Corp......................................... 180,890 6,877,438 KBR, Inc........................................... 31,871 526,828 # Kelly Services, Inc. Class A....................... 217,211 3,670,866 Kelly Services, Inc. Class B....................... 350 5,962 Kennametal, Inc.................................... 7,032 220,945 * Key Technology, Inc................................ 20,756 265,677 #* KEYW Holding Corp. (The)........................... 16,970 150,863 Kforce, Inc........................................ 224,793 5,260,156 Kimball International, Inc. Class B................ 173,163 1,501,323 # Knight Transportation, Inc......................... 610,555 17,394,712 Knoll, Inc......................................... 353,173 7,236,515 * Korn/Ferry International........................... 357,387 10,185,529 #* Kratos Defense & Security Solutions, Inc........... 385,584 1,873,938 Landstar System, Inc............................... 323,058 20,701,557 * Lawson Products, Inc............................... 35,060 862,476 #* Layne Christensen Co............................... 106,626 862,604 LB Foster Co. Class A.............................. 57,939 2,746,888 # Lindsay Corp....................................... 78,825 6,812,056 #* LMI Aerospace, Inc................................. 82,463 1,170,975 LS Starrett Co. (The) Class A...................... 31,156 672,035 LSI Industries, Inc................................ 99,145 727,724 * Luna Innovations, Inc.............................. 6,456 10,846 * Lydall, Inc........................................ 81,716 2,251,276 * Magnetek, Inc...................................... 38,959 1,539,660 #* Manitex International, Inc......................... 6,890 75,377 # Manitowoc Co., Inc. (The).......................... 739,632 13,831,118 # Marten Transport, Ltd.............................. 225,526 4,612,007 * MasTec, Inc........................................ 519,426 9,619,770 * Mastech Holdings, Inc.............................. 2,673 27,826 Matson, Inc........................................ 303,314 10,540,161 Matthews International Corp. Class A............... 213,113 9,873,525 # McGrath RentCorp................................... 125,447 3,811,080 * Meritor, Inc....................................... 746,485 9,555,008 * Mfri, Inc.......................................... 39,691 221,476 Miller Industries, Inc............................. 65,667 1,326,473 256 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * Mistras Group, Inc................................. 140,080 $ 2,815,608 # Mobile Mini, Inc................................... 321,174 11,658,616 * Moog, Inc. Class A................................. 254,772 17,910,472 * Moog, Inc. Class B................................. 10,012 703,143 * MRC Global, Inc.................................... 133,029 1,438,043 MSA Safety, Inc.................................... 260,832 11,387,925 Mueller Industries, Inc............................ 413,885 12,991,850 Mueller Water Products, Inc. Class A............... 1,168,301 11,951,719 # Multi-Color Corp................................... 99,773 5,808,784 * MYR Group, Inc..................................... 143,362 3,588,351 # National Presto Industries, Inc.................... 27,933 1,759,779 * Navigant Consulting, Inc........................... 295,549 4,264,772 * NCI Building Systems, Inc.......................... 43,579 672,424 # NL Industries, Inc................................. 150,263 1,053,344 NN, Inc............................................ 117,955 2,718,863 #* Nortek, Inc........................................ 18,394 1,404,014 * Northwest Pipe Co.................................. 60,707 1,452,719 * NV5 Holdings, Inc.................................. 3,716 44,035 #* Odyssey Marine Exploration, Inc.................... 125,767 124,509 # Omega Flex, Inc.................................... 25,792 809,095 * On Assignment, Inc................................. 351,619 12,352,375 * Orbit International Corp........................... 1,977 6,326 * Orbital Sciences Corp.............................. 417,575 11,729,682 #* Orion Energy Systems, Inc.......................... 91,635 415,107 * Orion Marine Group, Inc............................ 107,994 985,985 #* PAM Transportation Services, Inc................... 46,716 2,704,856 Park-Ohio Holdings Corp............................ 75,169 4,016,280 * Patrick Industries, Inc............................ 73,591 3,164,413 * Pendrell Corp...................................... 161,066 209,386 #* Performant Financial Corp.......................... 273,626 1,357,185 * PGT, Inc........................................... 341,900 2,936,921 #* Plug Power, Inc.................................... 66,963 178,791 #* Ply Gem Holdings, Inc.............................. 47,164 594,266 #* PMFG, Inc.......................................... 38,259 184,026 #* Polypore International, Inc........................ 262,740 11,749,733 # Powell Industries, Inc............................. 68,632 2,677,334 #* Power Solutions International, Inc................. 400 17,688 #* PowerSecure International, Inc..................... 161,444 1,517,574 # Preformed Line Products Co......................... 22,931 1,096,331 # Primoris Services Corp............................. 347,369 6,523,590 #* Proto Labs, Inc.................................... 165,838 10,678,309 Providence and Worcester Railroad Co............... 5,591 103,154 Quad/Graphics, Inc................................. 25,021 501,421 * Quality Distribution, Inc.......................... 193,097 1,610,429 Quanex Building Products Corp...................... 250,625 4,719,269 #* Radiant Logistics, Inc............................. 45,271 217,754 # Raven Industries, Inc.............................. 265,649 5,695,515 RBC Bearings, Inc.................................. 156,856 9,103,922 RCM Technologies, Inc.............................. 146,273 865,936 Regal-Beloit Corp.................................. 8,732 601,198 * Republic Airways Holdings, Inc..................... 267,502 3,680,828 Resources Connection, Inc.......................... 270,749 4,521,508 * Rexnord Corp....................................... 648,449 16,049,113 257 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* Roadrunner Transportation Systems, Inc............. 220,400 $ 4,478,528 * RPX Corp........................................... 339,057 4,187,354 # RR Donnelley & Sons Co............................. 484,052 7,972,336 #* Rush Enterprises, Inc. Class A..................... 202,541 5,671,148 * Rush Enterprises, Inc. Class B..................... 37,831 1,027,112 * Saia, Inc.......................................... 179,730 7,568,430 * Servotronics, Inc.................................. 1,500 9,600 SIFCO Industries, Inc.............................. 18,366 532,430 Simpson Manufacturing Co., Inc..................... 340,851 11,125,377 SkyWest, Inc....................................... 259,559 3,257,465 * SL Industries, Inc................................. 23,596 1,008,729 SmartPros, Ltd..................................... 10,300 15,347 * SP Plus Corp....................................... 84,869 1,894,276 * Sparton Corp....................................... 56,033 1,315,655 * Spirit Airlines, Inc............................... 360,395 26,719,685 #* Standard Register Co. (The)........................ 29,933 46,995 Standex International Corp......................... 88,458 6,200,021 Steelcase, Inc. Class A............................ 647,421 10,928,466 #* Sterling Construction Co., Inc..................... 74,649 259,032 * Stock Building Supply Holdings, Inc................ 1,300 20,254 # Sun Hydraulics Corp................................ 164,095 5,946,803 # Supreme Industries, Inc. Class A................... 113,237 873,057 #* Swift Transportation Co............................ 169,071 4,155,765 # TAL International Group, Inc....................... 228,592 9,292,265 #* Taser International, Inc........................... 389,985 10,533,495 * Team, Inc.......................................... 134,701 5,137,496 #* Tecumseh Products Co............................... 51,718 183,082 * Tel-Instrument Electronics Corp.................... 8,400 42,924 * Teledyne Technologies, Inc......................... 28,075 2,668,248 Tennant Co......................................... 127,328 8,303,059 Tetra Tech, Inc.................................... 440,888 10,153,651 Textainer Group Holdings, Ltd...................... 238,948 7,839,884 * Thermon Group Holdings, Inc........................ 153,851 3,146,253 # Titan International, Inc........................... 329,513 2,945,846 #* Titan Machinery, Inc............................... 99,135 1,400,778 Toro Co. (The)..................................... 149,478 9,702,617 * Transcat, Inc...................................... 5,600 51,016 * TRC Cos., Inc...................................... 357,086 2,467,464 #* Trex Co., Inc...................................... 232,166 9,874,020 * Trimas Corp........................................ 313,260 8,454,887 # Trinity Industries, Inc............................ 59,119 1,564,880 Triumph Group, Inc................................. 1,806 103,050 * TrueBlue, Inc...................................... 289,978 6,396,915 * Tutor Perini Corp.................................. 323,487 7,022,903 Twin Disc, Inc..................................... 61,648 992,533 * Ultralife Corp..................................... 60,836 203,801 UniFirst Corp...................................... 106,904 12,414,762 # United Stationers, Inc............................. 272,554 10,986,652 Universal Forest Products, Inc..................... 120,089 6,011,655 # Universal Truckload Services, Inc.................. 64,236 1,513,400 # US Ecology, Inc.................................... 153,408 6,360,296 #* USA Truck, Inc..................................... 56,364 1,566,919 #* UTi Worldwide, Inc................................. 757,648 8,993,282 258 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Industrials -- (Continued) # Valmont Industries, Inc........................... 7,374 $ 885,765 * Vectrus, Inc...................................... 43,363 1,207,226 * Veritiv Corp...................................... 2,794 142,131 * Versar, Inc....................................... 61,480 187,514 Viad Corp......................................... 134,221 3,621,283 #* Vicor Corp........................................ 107,188 1,154,415 * Virco Manufacturing Corp.......................... 30,131 72,314 * Volt Information Sciences, Inc.................... 119,747 1,501,627 VSE Corp.......................................... 14,792 1,070,497 #* Wabash National Corp.............................. 495,964 6,184,671 Watsco, Inc....................................... 3,733 406,374 Watsco, Inc. Class B.............................. 12,022 1,347,366 Watts Water Technologies, Inc. Class A............ 214,499 12,576,076 # Werner Enterprises, Inc........................... 530,459 15,133,995 #* Wesco Aircraft Holdings, Inc...................... 302,542 3,945,148 #* WESCO International, Inc.......................... 11,206 748,113 # West Corp......................................... 166,342 5,439,383 * Willdan Group, Inc................................ 56,301 787,651 * Willis Lease Finance Corp......................... 26,350 544,391 Woodward, Inc..................................... 129,291 5,767,672 WSI Industries, Inc............................... 1,900 10,393 #* Xerium Technologies, Inc.......................... 32,242 496,204 #* XPO Logistics, Inc................................ 201,155 7,400,492 * YRC Worldwide, Inc................................ 38,786 615,146 -------------- Total Industrials..................................... 1,616,884,813 -------------- Information Technology -- (15.4%) * ACI Worldwide, Inc................................ 836,775 15,455,234 #* Acorn Energy, Inc................................. 7,149 3,717 * Actua Corp........................................ 231,105 3,720,791 * Acxiom Corp....................................... 530,698 9,658,704 * ADDvantage Technologies Group, Inc................ 6,085 14,117 # ADTRAN, Inc....................................... 390,627 8,636,763 * Advanced Energy Industries, Inc................... 295,046 7,081,104 #* Advanced Micro Devices, Inc....................... 786,458 2,021,197 # Advent Software, Inc.............................. 381,286 15,956,819 * Aehr Test Systems................................. 11,205 29,805 #* Agilysys, Inc..................................... 196,530 2,039,981 # Alliance Fiber Optic Products, Inc................ 36,954 535,094 * Alpha & Omega Semiconductor, Ltd.................. 36,585 320,850 American Software, Inc. Class A................... 163,187 1,352,820 * Amkor Technology, Inc............................. 1,253,479 7,959,592 * Amtech Systems, Inc............................... 48,952 399,938 #* ANADIGICS, Inc.................................... 265,907 287,180 * Anixter International, Inc........................ 196,548 14,811,857 * AOL, Inc.......................................... 45,260 1,957,495 * ARRIS Group, Inc.................................. 41,431 1,086,321 Astro-Med, Inc.................................... 30,318 443,704 * Atmel Corp........................................ 234,760 1,955,551 #* Audience, Inc..................................... 21,927 88,585 * Autobytel, Inc.................................... 118,054 1,151,027 * AVG Technologies NV............................... 371,545 7,349,160 #* Aviat Networks, Inc............................... 234,019 299,544 259 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Avid Technology, Inc............................... 147,790 $ 1,915,358 AVX Corp........................................... 119,818 1,549,247 Aware, Inc......................................... 95,329 465,206 * Axcelis Technologies, Inc.......................... 506,610 1,215,864 * AXT, Inc........................................... 247,930 689,245 # Badger Meter, Inc.................................. 100,203 5,998,152 #* Bankrate, Inc...................................... 360,534 4,499,464 #* Bazaarvoice, Inc................................... 87,690 728,704 Bel Fuse, Inc. Class A............................. 8,954 185,348 Bel Fuse, Inc. Class B............................. 46,048 1,083,049 Belden, Inc........................................ 276,789 22,956,880 * Benchmark Electronics, Inc......................... 243,068 5,889,538 Black Box Corp..................................... 86,422 1,815,726 # Blackbaud, Inc..................................... 319,471 13,964,077 #* Blackhawk Network Holdings, Inc.................... 8,593 286,662 #* Blackhawk Network Holdings, Inc. Class B........... 266,696 8,830,305 * Blonder Tongue Laboratories........................ 29,515 49,290 * Blucora, Inc....................................... 278,493 3,765,225 o* Bogen Corp......................................... 11,900 -- Booz Allen Hamilton Holding Corp................... 212,408 6,183,197 #* Bottomline Technologies de, Inc.................... 210,336 5,210,023 #* BroadVision, Inc................................... 18,154 109,469 Brooks Automation, Inc............................. 471,022 6,080,894 * Bsquare Corp....................................... 38,168 169,084 * BTU International, Inc............................. 36,244 95,322 * Cabot Microelectronics Corp........................ 171,619 8,479,695 * CACI International, Inc. Class A................... 174,663 14,774,743 #* CalAmp Corp........................................ 425,510 7,620,884 * Calix, Inc......................................... 364,868 3,502,733 #* Cardtronics, Inc................................... 318,219 10,695,341 * Cartesian, Inc..................................... 42,154 174,939 #* Cascade Microtech, Inc............................. 95,300 1,282,738 # Cass Information Systems, Inc...................... 48,299 2,116,462 * Ceva, Inc.......................................... 143,806 2,633,088 * Checkpoint Systems, Inc............................ 251,288 3,256,692 #* ChyronHego Corp.................................... 1,822 5,093 #* Ciber, Inc......................................... 428,783 1,384,969 #* Ciena Corp......................................... 211,444 3,915,943 * Cimpress NV........................................ 174,293 14,039,301 #* Cirrus Logic, Inc.................................. 472,429 12,519,369 #* Clearfield, Inc.................................... 89,369 1,052,767 * Cognex Corp........................................ 466,487 17,143,397 * Coherent, Inc...................................... 174,975 10,827,453 Cohu, Inc.......................................... 158,400 1,794,672 o* Commerce One, LLC.................................. 45,000 -- Communications Systems, Inc........................ 32,263 330,696 #* CommVault Systems, Inc............................. 179,113 7,805,745 Computer Task Group, Inc........................... 89,573 724,646 * comScore, Inc...................................... 36,030 1,497,407 Comtech Telecommunications Corp.................... 113,310 3,743,762 * Comverse, Inc...................................... 50,973 878,265 Concurrent Computer Corp........................... 46,299 291,684 * Constant Contact, Inc.............................. 213,704 8,082,285 260 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) # Convergys Corp..................................... 527,042 $10,098,125 * CoreLogic, Inc..................................... 593,967 19,719,704 * Covisint Corp...................................... 175,089 388,698 #* Cray, Inc.......................................... 285,828 9,286,552 #* Crexendo, Inc...................................... 23,717 33,915 # CSG Systems International, Inc..................... 249,623 6,120,756 CSP, Inc........................................... 8,385 59,366 CTS Corp........................................... 203,510 3,256,160 * CUI Global, Inc.................................... 6,688 40,797 #* CVD Equipment Corp................................. 10,329 145,019 * CyberOptics Corp................................... 28,233 308,022 # Cypress Semiconductor Corp......................... 52,404 771,911 Daktronics, Inc.................................... 294,662 3,647,916 * Data I/O Corp...................................... 7,300 22,995 #* Datalink Corp...................................... 137,372 1,560,546 #* Dataram Corp....................................... 1,644 3,962 #* Datawatch Corp..................................... 3,832 22,494 #* Dealertrack Technologies, Inc...................... 383,965 15,435,393 #* Demand Media, Inc.................................. 23,825 96,491 * Dice Holdings, Inc................................. 421,821 3,488,460 # Diebold, Inc....................................... 415,114 12,951,557 * Digi International, Inc............................ 121,445 1,159,800 # Digimarc Corp...................................... 27,972 755,803 #* Digital River, Inc................................. 199,689 5,098,060 * Diodes, Inc........................................ 319,371 8,440,976 * Dot Hill Systems Corp.............................. 691,220 2,882,387 * DSP Group, Inc..................................... 139,699 1,535,292 * DTS, Inc........................................... 123,698 3,428,909 # EarthLink Holdings Corp............................ 718,746 3,033,108 #* Eastman Kodak Co................................... 400 7,204 # Ebix, Inc.......................................... 169,396 3,870,699 #* Echelon Corp....................................... 65,523 91,732 * Edgewater Technology, Inc.......................... 43,768 308,564 Electro Rent Corp.................................. 116,032 1,495,652 # Electro Scientific Industries, Inc................. 144,182 904,021 * Electronics for Imaging, Inc....................... 350,201 13,535,269 #* Ellie Mae, Inc..................................... 164,524 7,278,542 #* eMagin Corp........................................ 63,552 187,478 * Emcore Corp........................................ 203,490 1,052,043 * Emulex Corp........................................ 529,197 3,312,773 #* EnerNOC, Inc....................................... 209,807 3,612,877 * Entegris, Inc...................................... 953,199 12,391,587 #* Entropic Communications, Inc....................... 492,466 1,275,487 * Envestnet, Inc..................................... 82,970 4,270,466 #* Envivio, Inc....................................... 3,100 4,340 * EPAM Systems, Inc.................................. 347,493 17,002,833 EPIQ Systems, Inc.................................. 210,540 3,673,923 * ePlus, Inc......................................... 24,069 1,623,213 #* Euronet Worldwide, Inc............................. 382,414 17,357,771 # Evolving Systems, Inc.............................. 7,000 62,650 * Exar Corp.......................................... 269,083 2,427,129 * ExlService Holdings, Inc........................... 212,543 6,244,513 #* Extreme Networks, Inc.............................. 495,993 1,458,219 261 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Fabrinet........................................... 178,887 $ 2,921,225 Fair Isaac Corp.................................... 241,622 17,239,730 * Fairchild Semiconductor International, Inc......... 876,367 13,452,233 #* FalconStor Software, Inc........................... 137,274 189,438 * FARO Technologies, Inc............................. 125,596 6,951,739 FEI Co............................................. 36,643 3,012,787 #* Finisar Corp....................................... 430,324 7,806,077 * FormFactor, Inc.................................... 398,013 3,004,998 # Forrester Research, Inc............................ 126,145 4,760,712 * Frequency Electronics, Inc......................... 47,309 539,559 #* Giga-tronics, Inc.................................. 3,942 7,490 * GigOptix, Inc...................................... 17,782 20,449 * Global Cash Access Holdings, Inc................... 472,790 3,125,142 # Globalscape, Inc................................... 27,873 64,665 #* GSE Systems, Inc................................... 72,970 121,130 * GSI Group, Inc..................................... 87,213 1,152,956 #* GSI Technology, Inc................................ 67,635 342,233 * GTT Communications, Inc............................ 47,456 546,219 #* Guidance Software, Inc............................. 17,236 113,068 Hackett Group, Inc. (The).......................... 204,444 1,549,686 * Harmonic, Inc...................................... 641,887 4,910,436 # Heartland Payment Systems, Inc..................... 279,122 13,891,902 #* Higher One Holdings, Inc........................... 132,909 439,929 #* HomeAway, Inc...................................... 67,102 1,710,430 #* Hutchinson Technology, Inc......................... 205,318 716,560 * ID Systems, Inc.................................... 38,571 254,183 * Identiv, Inc....................................... 15,947 201,092 * IEC Electronics Corp............................... 33,539 150,255 * iGATE Corp......................................... 437,661 15,493,199 * II-VI, Inc......................................... 327,079 5,622,488 #* Imation Corp....................................... 174,509 656,154 #* Immersion Corp..................................... 91,211 858,296 #* Infinera Corp...................................... 729,108 11,753,221 * Innodata, Inc...................................... 91,165 260,732 #* Inphi Corp......................................... 100,004 1,960,078 * Insight Enterprises, Inc........................... 280,707 6,644,335 * Integrated Device Technology, Inc.................. 1,114,250 20,379,633 # Integrated Silicon Solution, Inc................... 191,863 3,085,157 #* Intellicheck Mobilisa, Inc......................... 2,628 3,863 #* Interactive Intelligence Group, Inc................ 63,220 2,564,203 # InterDigital, Inc.................................. 281,103 14,049,528 #* Internap Corp...................................... 376,838 3,172,976 * Internet Patents Corp.............................. 1,533 4,154 #* Interphase Corp.................................... 23,732 48,888 Intersil Corp. Class A............................. 959,480 13,730,159 * inTEST Corp........................................ 43,077 182,646 #* Intevac, Inc....................................... 124,096 806,624 * IntraLinks Holdings, Inc........................... 201,749 2,150,644 * IntriCon Corp...................................... 23,513 173,996 #* iPass, Inc......................................... 479,670 618,774 * Iteris, Inc........................................ 19,424 34,963 #* Itron, Inc......................................... 279,564 10,402,576 #* Ixia............................................... 489,847 4,967,049 262 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) IXYS Corp.......................................... 175,237 $ 1,980,178 # j2 Global, Inc..................................... 350,241 20,117,843 #* JDS Uniphase Corp.................................. 897,908 10,909,582 #* Kemet Corp......................................... 229,606 872,503 * Key Tronic Corp.................................... 50,515 465,748 * Kimball Electronics, Inc........................... 129,872 1,322,097 #* Knowles Corp....................................... 132,191 2,803,771 * Kofax, Ltd......................................... 60,605 417,568 #* Kopin Corp......................................... 426,321 1,556,072 * Kulicke & Soffa Industries, Inc.................... 527,721 8,005,528 #* KVH Industries, Inc................................ 113,694 1,375,697 * Lantronix, Inc..................................... 2,333 4,479 * Lattice Semiconductor Corp......................... 854,225 6,090,624 Leidos Holdings, Inc............................... 44,904 1,859,026 # Lexmark International, Inc. Class A................ 459,716 18,347,266 #* LGL Group, Inc. (The).............................. 7,103 26,991 #* Lightpath Technologies, Inc. Class A............... 1,850 2,202 * Limelight Networks, Inc............................ 585,707 1,557,981 #* Lionbridge Technologies, Inc....................... 431,302 2,147,884 #* Liquidity Services, Inc............................ 2,870 22,214 Littelfuse, Inc.................................... 164,177 16,210,837 #* LoJack Corp........................................ 88,416 187,442 #* M/A-COM Technology Solutions Holdings, Inc......... 53,495 1,739,122 * Magnachip Semiconductor Corp....................... 221,315 3,182,510 * Manhattan Associates, Inc.......................... 540,337 24,120,644 # ManTech International Corp. Class A................ 163,467 5,317,582 Marchex, Inc. Class B.............................. 103,240 393,344 * Marin Software, Inc................................ 2,700 17,874 #* Mattersight Corp................................... 26,897 149,278 * Mattson Technology, Inc............................ 259,857 854,930 MAXIMUS, Inc....................................... 410,048 22,847,875 * MaxLinear, Inc. Class A............................ 23,006 185,198 #* Maxwell Technologies, Inc.......................... 203,275 1,618,069 #* MeetMe, Inc........................................ 16,285 26,382 Mentor Graphics Corp............................... 841,076 19,353,159 * Mercury Systems, Inc............................... 233,514 3,684,851 # Mesa Laboratories, Inc............................. 23,606 1,798,069 Methode Electronics, Inc........................... 284,197 10,279,406 Micrel, Inc........................................ 422,766 5,948,318 * Microsemi Corp..................................... 672,499 18,735,822 #* Mitek Systems, Inc................................. 12,865 44,127 MKS Instruments, Inc............................... 383,335 13,420,558 MOCON, Inc......................................... 23,794 412,826 #* ModusLink Global Solutions, Inc.................... 156,445 564,766 #* MoneyGram International, Inc....................... 45,180 384,934 Monolithic Power Systems, Inc...................... 203,499 9,664,168 # Monotype Imaging Holdings, Inc..................... 283,140 8,307,328 #* Monster Worldwide, Inc............................. 607,946 2,510,817 #* MoSys, Inc......................................... 167,152 335,976 * MRV Communications, Inc............................ 34,710 354,042 MTS Systems Corp................................... 104,156 7,528,396 * Multi-Fineline Electronix, Inc..................... 101,424 1,319,526 #* Nanometrics, Inc................................... 177,022 2,750,922 263 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * NAPCO Security Technologies, Inc................... 40,054 $ 199,068 * NCI, Inc. Class A.................................. 38,227 470,957 * NeoPhotonics Corp.................................. 23,502 70,506 * NETGEAR, Inc....................................... 229,448 7,748,459 #* Netscout Systems, Inc.............................. 300,179 10,776,426 * Newport Corp....................................... 275,600 5,104,112 NIC, Inc........................................... 430,839 7,074,376 #* Novatel Wireless, Inc.............................. 157,129 829,641 #* Numerex Corp. Class A.............................. 47,759 500,514 #* Oclaro, Inc........................................ 263,176 376,342 * OmniVision Technologies, Inc....................... 366,899 9,920,949 * Omtool, Ltd........................................ 3,470 7,547 #* Onvia, Inc......................................... 2,306 10,677 Optical Cable Corp................................. 26,264 136,835 * OSI Systems, Inc................................... 143,051 10,010,709 * PAR Technology Corp................................ 56,394 323,702 Park Electrochemical Corp.......................... 110,154 2,391,443 #* Parkervision, Inc.................................. 71,039 72,460 PC Connection, Inc................................. 50,404 1,197,095 PC-Tel, Inc........................................ 58,100 487,459 * PCM, Inc........................................... 42,066 399,627 * PDF Solutions, Inc................................. 161,682 2,687,155 Pegasystems, Inc................................... 384,333 7,521,397 Perceptron, Inc.................................... 55,801 597,629 * Perficient, Inc.................................... 236,058 4,249,044 * Pericom Semiconductor Corp......................... 103,779 1,516,211 #* Pfsweb, Inc........................................ 7,817 91,615 #* Photronics, Inc.................................... 355,172 2,983,445 #* Planar Systems, Inc................................ 280,770 2,055,236 Plantronics, Inc................................... 315,988 14,481,730 * Plexus Corp........................................ 235,705 8,930,862 * PMC-Sierra, Inc.................................... 1,462,286 12,926,608 * Polycom, Inc....................................... 996,994 13,260,020 Power Integrations, Inc............................ 213,567 11,015,786 #* PRGX Global, Inc................................... 142,573 739,954 #* Procera Networks, Inc.............................. 79,883 701,373 * Progress Software Corp............................. 370,449 9,279,747 QAD, Inc. Class A.................................. 49,366 954,738 QAD, Inc. Class B.................................. 15,510 268,478 * QLogic Corp........................................ 567,816 7,586,022 * Qorvo, Inc......................................... 997,941 73,717,902 * Qualstar Corp...................................... 25,800 36,636 #* Quantum Corp....................................... 327,237 517,034 #* QuinStreet, Inc.................................... 72,226 369,797 * Qumu Corp.......................................... 38,807 551,059 * Radisys Corp....................................... 135,857 315,188 #* Rambus, Inc........................................ 799,587 8,995,354 * RealD, Inc......................................... 49,584 537,986 * RealNetworks, Inc.................................. 258,379 1,816,404 #* RealPage, Inc...................................... 46,383 835,358 Reis, Inc.......................................... 62,652 1,409,670 #* Relm Wireless Corp................................. 30,643 163,327 #* Remark Media, Inc.................................. 436 1,940 264 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Research Frontiers, Inc............................ 4,300 $ 21,629 # RF Industries, Ltd................................. 35,415 159,013 Richardson Electronics, Ltd........................ 60,202 564,093 #* Rightside Group, Ltd............................... 19,068 150,637 * Riverbed Technology, Inc........................... 532,598 10,960,867 * Rofin-Sinar Technologies, Inc...................... 158,939 4,278,638 * Rogers Corp........................................ 122,720 9,064,099 #* Rosetta Stone, Inc................................. 149,720 1,350,474 * Rovi Corp.......................................... 681,405 15,747,270 #* Rubicon Technology, Inc............................ 85,425 355,368 #* Rudolph Technologies, Inc.......................... 311,455 3,123,894 #* Saba Software, Inc................................. 30,405 293,104 * Sanmina Corp....................................... 597,125 12,647,108 * Sapient Corp....................................... 909,369 22,606,913 * ScanSource, Inc.................................... 167,902 5,789,261 Science Applications International Corp............ 322,956 15,753,794 * SciQuest, Inc...................................... 2,881 40,968 * Seachange International, Inc....................... 200,840 1,417,930 #* Selectica, Inc..................................... 10,332 47,734 * Semtech Corp....................................... 460,218 11,717,150 #* ServiceSource International, Inc................... 88,569 296,706 * Sevcon, Inc........................................ 7,783 57,828 * ShoreTel, Inc...................................... 293,014 2,074,539 #* Shutterstock, Inc.................................. 118,045 6,644,753 * Sigma Designs, Inc................................. 247,739 1,575,620 * Sigmatron International, Inc....................... 2,200 13,024 #* Silicon Graphics International Corp................ 95,431 899,914 * Silicon Image, Inc................................. 569,585 4,135,187 * Silicon Laboratories, Inc.......................... 278,621 12,192,455 * SMTC Corp.......................................... 18,570 30,826 * SolarWinds, Inc.................................... 197,216 9,495,950 #* Sonic Foundry, Inc................................. 10,310 87,016 * Sonus Networks, Inc................................ 331,105 6,317,480 * Spansion, Inc. Class A............................. 400,675 14,207,936 #* Speed Commerce, Inc................................ 144,714 344,419 SS&C Technologies Holdings, Inc.................... 76,032 4,206,851 * Stamps.com, Inc.................................... 115,661 5,270,672 #* StarTek, Inc....................................... 50,089 472,339 #* SunPower Corp...................................... 134,810 3,251,617 * Super Micro Computer, Inc.......................... 330,697 12,093,589 * support.com, Inc................................... 289,675 567,763 * Sykes Enterprises, Inc............................. 285,208 6,422,884 #* Synaptics, Inc..................................... 282,879 21,727,936 #* Synchronoss Technologies, Inc...................... 311,556 13,231,783 # SYNNEX Corp........................................ 276,745 20,531,712 #* Syntel, Inc........................................ 208,760 9,028,870 #* Take-Two Interactive Software, Inc................. 735,557 21,860,754 * Tech Data Corp..................................... 275,474 15,729,565 * TechTarget, Inc.................................... 89,703 991,218 * TeleCommunication Systems, Inc. Class A............ 357,952 1,013,004 #* Telenav, Inc....................................... 152,719 989,619 * TeleTech Holdings, Inc............................. 318,473 7,025,514 # Tessco Technologies, Inc........................... 45,705 1,035,218 265 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Information Technology -- (Continued) Tessera Technologies, Inc......................... 388,737 $ 14,414,368 TheStreet, Inc.................................... 105,930 220,334 #* TiVo, Inc......................................... 815,642 8,531,615 # Transact Technologies, Inc........................ 31,591 187,966 #* Travelzoo, Inc.................................... 26,064 223,629 * Trio Tech International........................... 3,256 9,638 * TSR, Inc.......................................... 5,056 21,488 #* TTM Technologies, Inc............................. 393,237 2,732,997 * Tyler Technologies, Inc........................... 193,221 20,496,884 Ubiquiti Networks, Inc............................ 16,402 431,291 * Ultra Clean Holdings, Inc......................... 162,807 1,432,702 #* Ultratech, Inc.................................... 202,424 3,226,639 * Unisys Corp....................................... 366,895 8,046,007 * United Online, Inc................................ 99,906 1,318,759 #* Universal Display Corp............................ 32,931 1,049,182 #* Universal Security Instruments, Inc............... 1,595 9,857 * Unwired Planet, Inc............................... 223,988 221,076 #* USA Technologies, Inc............................. 16,830 33,155 #* VASCO Data Security International, Inc............ 126,428 2,718,202 #* Veeco Instruments, Inc............................ 281,931 8,223,927 * Verint Systems, Inc............................... 375,753 20,057,695 #* ViaSat, Inc....................................... 335,806 18,879,013 * Viasystems Group, Inc............................. 110,637 1,771,298 # Vicon Industries, Inc............................. 14,689 22,768 * Video Display Corp................................ 21,287 53,430 #* Virtusa Corp...................................... 210,853 7,898,553 # Vishay Intertechnology, Inc....................... 978,402 13,325,835 * Vishay Precision Group, Inc....................... 88,487 1,472,424 Wayside Technology Group, Inc..................... 8,712 154,464 * Web.com Group, Inc................................ 357,758 5,405,723 #* WebMD Health Corp................................. 173,574 6,725,993 * Westell Technologies, Inc. Class A................ 301,809 377,261 * Wireless Telecom Group, Inc....................... 64,760 203,994 * Xcerra Corp....................................... 334,798 2,571,249 * XO Group, Inc..................................... 142,195 2,337,686 * Xoom Corp......................................... 3,423 50,489 * Zebra Technologies Corp. Class A.................. 131,760 10,996,690 #* Zhone Technologies, Inc........................... 49,121 64,840 #* Zix Corp.......................................... 393,048 1,391,390 #* Zynga, Inc. Class A............................... 1,454,258 3,722,901 -------------- Total Information Technology.......................... 1,769,295,744 -------------- Materials -- (4.4%) A Schulman, Inc................................... 202,268 7,049,040 * Advanced Emissions Solutions, Inc................. 4,649 49,303 #* AEP Industries, Inc............................... 31,029 1,554,863 #* AK Steel Holding Corp............................. 302,016 1,144,641 #* AM Castle & Co.................................... 94,594 572,294 * American Biltrite, Inc............................ 62 26,660 # American Vanguard Corp............................ 169,879 1,899,247 Ampco-Pittsburgh Corp............................. 40,529 737,628 Axiall Corp....................................... 248,076 10,977,363 Balchem Corp...................................... 213,006 11,282,928 266 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Materials -- (Continued) * Berry Plastics Group, Inc.......................... 650,392 $21,996,257 * Boise Cascade Co................................... 277,129 11,207,097 Cabot Corp......................................... 8,363 354,675 * Calgon Carbon Corp................................. 379,410 7,485,759 # Carpenter Technology Corp.......................... 46,694 1,771,570 * Century Aluminum Co................................ 647,303 14,959,172 # Chase Corp......................................... 30,615 1,096,017 #* Chemtura Corp...................................... 697,040 15,188,502 * Clearwater Paper Corp.............................. 143,159 10,596,629 #* Codexis, Inc....................................... 41,835 159,810 #* Coeur Mining, Inc.................................. 230,078 1,449,491 Commercial Metals Co............................... 838,228 11,249,020 # Compass Minerals International, Inc................ 232,719 20,339,641 #* Contango ORE, Inc.................................. 4,405 17,620 * Continental Materials Corp......................... 397 6,908 * Core Molding Technologies, Inc..................... 46,828 679,006 Deltic Timber Corp................................. 61,917 3,869,813 # Detrex Corp........................................ 500 16,000 Domtar Corp........................................ 96,186 3,683,924 * Ferro Corp......................................... 660,902 7,355,839 Flamemaster Corp................................... 189 1,829 #* Flotek Industries, Inc............................. 309,858 5,010,404 Friedman Industries, Inc........................... 38,738 242,500 FutureFuel Corp.................................... 252,122 2,770,821 #* General Moly, Inc.................................. 138,917 83,350 Globe Specialty Metals, Inc........................ 503,429 7,762,875 # Gold Resource Corp................................. 2,596 9,086 * Graphic Packaging Holding Co....................... 1,295,284 18,755,712 Greif, Inc. Class A................................ 61,027 2,331,231 # Greif, Inc. Class B................................ 258 11,303 * Handy & Harman, Ltd................................ 2,430 109,666 # Hawkins, Inc....................................... 47,538 1,830,688 Haynes International, Inc.......................... 71,234 2,773,140 HB Fuller Co....................................... 361,165 14,861,940 * Headwaters, Inc.................................... 509,643 7,175,773 # Hecla Mining Co.................................... 1,373,671 4,519,378 #* Horsehead Holding Corp............................. 364,319 4,896,447 Innophos Holdings, Inc............................. 157,880 9,400,175 Innospec, Inc...................................... 167,440 6,608,857 #* Intrepid Potash, Inc............................... 186,728 2,485,350 # Kaiser Aluminum Corp............................... 97,607 6,765,141 KapStone Paper and Packaging Corp.................. 712,937 21,295,428 KMG Chemicals, Inc................................. 50,838 1,063,531 Koppers Holdings, Inc.............................. 129,606 2,353,645 * Kraton Performance Polymers, Inc................... 174,484 3,374,521 # Kronos Worldwide, Inc.............................. 156,362 1,755,945 #* Louisiana-Pacific Corp............................. 1,064,543 17,426,569 * LSB Industries, Inc................................ 148,943 4,652,979 Materion Corp...................................... 122,667 4,041,878 #* McEwen Mining, Inc................................. 226,238 282,798 * Mercer International, Inc.......................... 255,083 3,234,452 Minerals Technologies, Inc......................... 250,371 16,356,737 # Myers Industries, Inc.............................. 217,685 3,624,455 267 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Materials -- (Continued) Neenah Paper, Inc.................................. 117,892 $ 6,764,643 Noranda Aluminum Holding Corp...................... 364,415 1,104,177 * Northern Technologies International Corp........... 17,945 366,706 # Olin Corp.......................................... 565,464 14,176,183 # Olympic Steel, Inc................................. 52,690 722,380 OM Group, Inc...................................... 168,470 4,717,160 * OMNOVA Solutions, Inc.............................. 241,204 1,654,659 * Penford Corp....................................... 61,848 1,163,979 PH Glatfelter Co................................... 222,203 5,081,783 PolyOne Corp....................................... 529,913 18,859,604 Quaker Chemical Corp............................... 91,540 7,224,337 # Rayonier Advanced Materials, Inc................... 6,635 113,591 #* Rentech, Inc....................................... 443,581 532,297 * Resolute Forest Products, Inc...................... 184,717 3,140,189 #* RTI International Metals, Inc...................... 178,932 3,990,184 # Schnitzer Steel Industries, Inc. Class A........... 174,842 2,951,333 # Schweitzer-Mauduit International, Inc.............. 201,704 7,838,217 #* Senomyx, Inc....................................... 35,776 188,897 Sensient Technologies Corp......................... 347,503 21,197,683 Silgan Holdings, Inc............................... 6,293 323,523 Stepan Co.......................................... 116,006 4,454,630 #* Stillwater Mining Co............................... 881,799 12,054,192 SunCoke Energy, Inc................................ 464,933 7,020,488 # Synalloy Corp...................................... 16,903 282,280 TimkenSteel Corp................................... 117,584 3,174,768 #* Trecora Resources.................................. 98,360 1,352,450 Tredegar Corp...................................... 89,739 1,919,517 Tronox, Ltd. Class A............................... 238,397 5,039,713 #* UFP Technologies, Inc.............................. 3,300 73,524 United States Lime & Minerals, Inc................. 28,260 1,954,179 * Universal Stainless & Alloy Products, Inc.......... 29,748 663,083 # Valhi, Inc......................................... 46,472 265,820 #* Verso Corp......................................... 5,652 11,869 Vulcan International Corp.......................... 700 28,525 # Walter Energy, Inc................................. 823 767 # Wausau Paper Corp.................................. 342,538 3,480,186 * Webco Industries, Inc.............................. 600 37,170 Worthington Industries, Inc........................ 490,863 14,691,530 Zep, Inc........................................... 96,426 1,544,745 ------------ Total Materials......................................... 506,806,282 ------------ Other -- (0.0%) o* Allen Organ Co. Escrow Shares...................... 800 -- o* Big 4 Ranch, Inc................................... 3,200 -- o* Concord Camera Corp. Escrow Shares................. 113,476 -- o* DLB Oil & Gas, Inc. Escrow Shares.................. 1,300 -- o* First Commerce Bancorp Escrow Shares............... 6,667 -- o* FRD Acquisition Co. Escrow Shares.................. 106,674 -- o#* Gerber Scientific, Inc. Escrow Shares.............. 166,622 -- 268 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Other -- (Continued) o* Petrocorp, Inc. Escrow Shares...................... 6,900 $ -- ----------- Total Other............................................ -- ----------- Real Estate Investment Trusts -- (0.1%) CareTrust REIT, Inc................................ 157,200 2,119,056 Geo Group, Inc. (The).............................. 125,660 5,468,723 ----------- Total Real Estate Investment Trusts.................... 7,587,779 ----------- Telecommunication Services -- (0.7%) #* 8x8, Inc........................................... 87,658 675,843 #* Alaska Communications Systems Group, Inc........... 82,844 147,462 * Alteva............................................. 24,398 178,105 Atlantic Tele-Network, Inc......................... 83,487 5,546,041 #* Boingo Wireless, Inc............................... 161,673 1,366,137 #* Cincinnati Bell, Inc............................... 1,490,792 4,368,021 Cogent Communications Holdings, Inc................ 329,739 12,220,127 # Consolidated Communications Holdings, Inc.......... 323,321 7,526,913 * General Communication, Inc. Class A................ 275,562 4,045,250 #* Hawaiian Telcom Holdco, Inc........................ 12,690 330,321 IDT Corp. Class B.................................. 157,798 3,370,565 * inContact, Inc..................................... 2,010 17,226 Inteliquent, Inc................................... 247,413 4,161,487 #* Intelsat SA........................................ 90,694 1,428,431 #* Iridium Communications, Inc........................ 190,546 1,621,546 # Lumos Networks Corp................................ 147,850 2,370,035 # NTELOS Holdings Corp............................... 132,826 544,587 * ORBCOMM, Inc....................................... 346,796 1,928,186 * Premiere Global Services, Inc...................... 320,342 2,831,823 # Shenandoah Telecommunications Co................... 230,705 6,854,246 Spok Holdings, Inc................................. 114,529 1,960,736 #* Straight Path Communications, Inc. Class B......... 56,353 1,080,851 Telephone & Data Systems, Inc...................... 323,332 7,517,469 #* United States Cellular Corp........................ 6,347 220,812 #* Vonage Holdings Corp............................... 1,437,660 6,038,172 ----------- Total Telecommunication Services....................... 78,350,392 ----------- Utilities -- (3.3%) ALLETE, Inc........................................ 308,444 17,473,353 American States Water Co........................... 277,156 10,986,464 # Artesian Resources Corp. Class A................... 22,927 507,833 Atlantic Power Corp................................ 261,139 692,018 # Avista Corp........................................ 459,104 17,046,532 # Black Hills Corp................................... 324,911 16,297,536 #* Cadiz, Inc......................................... 8,135 78,584 California Water Service Group..................... 339,607 8,333,956 # Chesapeake Utilities Corp.......................... 89,327 4,355,585 Cleco Corp......................................... 159,748 8,683,901 # Connecticut Water Service, Inc..................... 59,435 2,137,283 Consolidated Water Co., Ltd........................ 45,451 493,143 # Delta Natural Gas Co., Inc......................... 16,144 342,737 * Dynegy, Inc........................................ 29,861 815,803 El Paso Electric Co................................ 290,863 11,651,972 269 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Utilities -- (Continued) Empire District Electric Co. (The)................. 313,921 $ 9,565,173 Gas Natural, Inc................................... 48,080 468,780 # Genie Energy, Ltd. Class B......................... 89,624 561,942 Hawaiian Electric Industries, Inc.................. 382,487 13,119,304 # IDACORP, Inc....................................... 340,628 23,132,047 # Laclede Group, Inc. (The).......................... 309,537 16,640,709 MGE Energy, Inc.................................... 216,840 9,952,956 # Middlesex Water Co................................. 95,175 2,081,477 # New Jersey Resources Corp.......................... 309,144 19,748,119 # Northwest Natural Gas Co........................... 188,579 9,411,978 # NorthWestern Corp.................................. 322,011 18,599,355 # ONE Gas, Inc....................................... 246,838 10,907,771 # Ormat Technologies, Inc............................ 90,227 2,413,572 # Otter Tail Corp.................................... 234,611 7,254,172 Piedmont Natural Gas Co., Inc...................... 401,765 16,026,406 # PNM Resources, Inc................................. 571,360 17,426,480 # Portland General Electric Co....................... 563,390 22,366,583 RGC Resources, Inc................................. 6,328 135,989 SJW Corp........................................... 116,866 3,946,565 South Jersey Industries, Inc....................... 237,998 13,863,383 Southwest Gas Corp................................. 340,142 20,905,127 # UIL Holdings Corp.................................. 417,743 19,216,178 Unitil Corp........................................ 96,077 3,589,437 # WGL Holdings, Inc.................................. 371,851 21,009,581 # York Water Co...................................... 60,456 1,430,994 -------------- Total Utilities......................................... 383,670,778 -------------- TOTAL COMMON STOCKS..................................... 9,413,141,267 -------------- PREFERRED STOCKS -- (0.0%) Other -- (0.0%) o* Enron TOPRS Escrow Shares.......................... 10,595 -- -------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights......... 2,560 -- o* Community Health Systems, Inc. Rights 01/04/16..... 680,526 18,374 o#* Empire Resorts, Inc. Rights 02/02/2015............. 2,546 -- o#* Furiex Pharmaceuticals Contingent Value Rights..... 22,027 215,204 o* Ikanos Communications Rights 01/12/2015............ 137,052 -- o#* Leap Wireless International, Inc. Contingent Value Rights............................................. 246,684 621,644 o#* Magnum Hunter Resources Corp. Warrants 04/15/16.... 32,271 -- o#* Providence Service Corp. (The) Rights 02/05/2015... 4,497 -- o* Southern Community Financial Corp. Contingent Value Rights....................................... 57,808 53,513 270 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- o* Tejon Ranch Co. Warrants 08/31/16............ 3,160 $ 4,645 --------------- TOTAL RIGHTS/WARRANTS.............................. 913,380 --------------- BONDS -- (0.0%) Other -- (0.0%) o* Capital Properties, Inc., 5.000%............. 2,340 2,191 --------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional Liquid Reserves, 0.089%..................................... 36,709,462 36,709,462 --------------- SECURITIES LENDING COLLATERAL -- (17.7%) (S)@ DFA Short Term Investment Fund............... 175,477,560 2,030,275,374 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $9,229,955,848)^^.......................... $11,481,041,674 =============== 271 U.S. SMALL CAP PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- -------------- ------- --------------- Common Stocks Consumer Discretionary...... $1,718,454,121 $ 44,778 -- $ 1,718,498,899 Consumer Staples..... 388,188,376 -- -- 388,188,376 Energy............... 345,510,780 33,789 -- 345,544,569 Financials........... 1,619,451,006 2,312 -- 1,619,453,318 Health Care.......... 978,860,317 -- -- 978,860,317 Industrials.......... 1,616,884,813 -- -- 1,616,884,813 Information Technology......... 1,769,295,744 -- -- 1,769,295,744 Materials............ 506,806,282 -- -- 506,806,282 Other................ -- -- -- -- Real Estate Investment Trusts.. 7,587,779 -- -- 7,587,779 Telecommunication Services........... 78,350,392 -- -- 78,350,392 Utilities............ 383,670,778 -- -- 383,670,778 Preferred Stocks Other................ -- -- -- -- Rights/Warrants......... -- 913,380 -- 913,380 Bonds Other................ -- 2,191 -- 2,191 Temporary Cash Investments........... 36,709,462 -- -- 36,709,462 Securities Lending Collateral............ -- 2,030,275,374 -- 2,030,275,374 -------------- -------------- -- --------------- TOTAL................... $9,449,769,850 $2,031,271,824 -- $11,481,041,674 ============== ============== == =============== 272 U.S. MICRO CAP PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (84.5%) Consumer Discretionary -- (16.5%) #* 1-800-Flowers.com, Inc. Class A.................... 218,979 $ 1,727,744 #* Aeropostale, Inc................................... 422,052 1,029,807 * AG&E Holdings, Inc................................. 24,546 17,919 AH Belo Corp. Class A.............................. 237,810 2,145,046 * Ambassadors Group, Inc............................. 141,374 356,262 AMCON Distributing Co.............................. 5,690 462,313 #* America's Car-Mart, Inc............................ 101,287 5,379,353 * American Axle & Manufacturing Holdings, Inc........ 694,232 16,904,549 #* American Public Education, Inc..................... 150,211 5,042,583 * ANN, Inc........................................... 4,357 144,217 Arctic Cat, Inc.................................... 140,440 4,721,593 Ark Restaurants Corp............................... 36,613 901,778 * Asbury Automotive Group, Inc....................... 103,389 7,672,498 #* Ascent Capital Group, Inc. Class A................. 58,986 2,495,698 * Ballantyne Strong, Inc............................. 100,209 409,855 #* Barnes & Noble, Inc................................ 590,172 13,863,140 Bassett Furniture Industries, Inc.................. 88,883 1,974,980 Beasley Broadcast Group, Inc. Class A.............. 65,543 342,134 * Beazer Homes USA, Inc.............................. 119,800 1,892,840 # bebe stores, Inc................................... 623,990 2,233,884 * Belmond, Ltd. Class A.............................. 47,123 517,882 #* BFC Financial Corp. Class A........................ 75,991 241,651 Big 5 Sporting Goods Corp.......................... 206,230 2,456,199 * Biglari Holdings, Inc.............................. 15,437 6,390,455 #* BJ's Restaurants, Inc.............................. 273,732 12,123,590 #* Black Diamond, Inc................................. 137,350 873,546 #* Blue Nile, Inc..................................... 58,244 1,810,224 Blyth, Inc......................................... 111,212 824,081 # Bob Evans Farms, Inc............................... 239,216 13,484,606 # Bon-Ton Stores, Inc. (The)......................... 113,614 622,605 * Books-A-Million, Inc............................... 60,674 152,898 Bowl America, Inc. Class A......................... 55,406 803,387 #* Boyd Gaming Corp................................... 27,782 362,833 * Bravo Brio Restaurant Group, Inc................... 109,359 1,438,071 * Bridgepoint Education, Inc......................... 74,221 732,561 Brown Shoe Co., Inc................................ 445,510 12,648,029 #* Build-A-Bear Workshop, Inc......................... 107,793 2,222,692 # Callaway Golf Co................................... 751,189 6,129,702 * Cambium Learning Group, Inc........................ 93,736 235,277 * Canterbury Park Holding Corp....................... 26,287 264,184 # Capella Education Co............................... 78,505 5,337,555 #* Career Education Corp.............................. 333,006 1,858,174 * Carmike Cinemas, Inc............................... 201,719 5,581,565 # Carriage Services, Inc............................. 181,652 3,960,014 * Carrols Restaurant Group, Inc...................... 256,783 2,043,993 Cato Corp. (The) Class A........................... 282,229 11,966,510 * Cavco Industries, Inc.............................. 57,620 4,235,646 #* Central European Media Enterprises, Ltd. Class A... 37,076 96,398 #* Charles & Colvard, Ltd............................. 66,231 119,216 Cherokee, Inc...................................... 82,513 1,500,086 # Children's Place, Inc. (The)....................... 238,055 14,271,397 273 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Christopher & Banks Corp........................... 234,907 $ 1,223,865 Churchill Downs, Inc............................... 101,109 9,604,344 #* Chuy's Holdings, Inc............................... 52,851 1,129,426 #* Cinedigm Corp...................................... 537,325 800,614 * Citi Trends, Inc................................... 132,149 3,024,891 ClubCorp Holdings, Inc............................. 23,066 392,353 * Coast Distribution System, Inc. (The).............. 41,382 143,182 Collectors Universe, Inc........................... 57,953 1,361,896 #* Conn's, Inc........................................ 290,579 4,573,713 Cooper Tire & Rubber Co............................ 153,736 5,348,475 #* Cooper-Standard Holding, Inc....................... 335 17,504 Core-Mark Holding Co., Inc......................... 170,603 11,375,808 #* Crocs, Inc......................................... 628,710 6,664,326 * Crown Media Holdings, Inc. Class A................. 198,749 635,997 CSS Industries, Inc................................ 52,055 1,415,896 Culp, Inc.......................................... 186,578 3,748,352 #* Cumulus Media, Inc. Class A........................ 540,706 1,881,657 #* Daily Journal Corp................................. 200 37,700 * Del Frisco's Restaurant Group, Inc................. 106,343 2,108,782 #* Delta Apparel, Inc................................. 77,201 714,109 * Denny's Corp....................................... 51,977 565,510 Destination Maternity Corp......................... 94,895 1,452,842 #* Destination XL Group, Inc.......................... 349,894 1,777,462 #* Dex Media, Inc..................................... 3,500 23,730 * DGSE Cos., Inc..................................... 8,313 12,553 DineEquity, Inc.................................... 109,003 11,636,070 #* Dixie Group, Inc. (The)............................ 108,743 878,643 #* Dorman Products, Inc............................... 118,656 5,426,139 * Dover Downs Gaming & Entertainment, Inc............ 8,419 7,557 Dover Motorsports, Inc............................. 168,371 444,499 * Drew Industries, Inc............................... 227,435 11,435,432 Educational Development Corp....................... 36,900 152,397 * Eldorado Resorts, Inc.............................. 14,473 57,385 * ELXSI Corp......................................... 7,100 106,855 Emerson Radio Corp................................. 243,478 253,217 * Emmis Communications Corp. Class A................. 300,222 603,446 #* Empire Resorts, Inc................................ 8,168 48,191 #* Entercom Communications Corp. Class A.............. 351,844 4,070,835 # Entravision Communications Corp. Class A........... 939,568 5,797,135 # Escalade, Inc...................................... 63,120 961,949 # Ethan Allen Interiors, Inc......................... 291,886 7,945,137 * EVINE Live, Inc.................................... 399,286 2,503,523 #* EW Scripps Co. (The) Class A....................... 344,950 6,805,864 #* Famous Dave's Of America, Inc...................... 51,505 1,559,056 #* Fiesta Restaurant Group, Inc....................... 301,173 17,790,289 Finish Line, Inc. (The) Class A.................... 562,811 13,282,340 # Flanigan's Enterprises, Inc........................ 20,756 793,917 Flexsteel Industries, Inc.......................... 54,856 1,634,709 #* Fox Factory Holding Corp........................... 7,933 120,502 #* Francesca's Holdings Corp.......................... 212,432 3,369,172 # Fred's, Inc. Class A............................... 297,377 4,936,458 Frisch's Restaurants, Inc.......................... 63,337 1,754,435 #* FTD Cos., Inc...................................... 152,973 5,239,325 274 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* Fuel Systems Solutions, Inc........................ 140,828 $ 1,512,493 * Full House Resorts, Inc............................ 15,167 20,779 #* G-III Apparel Group, Ltd........................... 193,446 18,802,951 * Gaiam, Inc. Class A................................ 68,289 499,875 * Gaming Partners International Corp................. 14,659 121,523 #* Geeknet, Inc....................................... 3,079 24,139 * Gentherm, Inc...................................... 371,730 13,672,229 * Global Eagle Entertainment, Inc.................... 2,086 32,114 #* Gordmans Stores, Inc............................... 22,024 81,489 * Grand Canyon Education, Inc........................ 361,949 15,860,605 #* Gray Television, Inc............................... 447,554 4,233,861 * Gray Television, Inc. Class A...................... 41,200 309,000 #* Hampshire Group, Ltd............................... 25,800 46,440 Harte-Hanks, Inc................................... 389,283 2,830,087 Haverty Furniture Cos., Inc........................ 156,297 3,818,336 # Haverty Furniture Cos., Inc. Class A............... 18,855 468,170 * Helen of Troy, Ltd................................. 189,597 14,261,486 o* Here Media, Inc.................................... 9,920 1 o* Here Media, Inc. Special Shares.................... 9,920 1 #* hhgregg, Inc....................................... 146,876 806,349 #* Hibbett Sports, Inc................................ 78,905 3,711,691 Hooker Furniture Corp.............................. 86,832 1,566,449 #* Hovnanian Enterprises, Inc. Class A................ 32,591 112,113 * Ignite Restaurant Group, Inc....................... 1,313 8,981 * Insignia Systems, Inc.............................. 51,150 163,680 International Speedway Corp. Class A............... 7,420 215,848 Interval Leisure Group, Inc........................ 378,582 8,737,673 #* iRobot Corp........................................ 227,810 7,187,406 * Isle of Capri Casinos, Inc......................... 210,333 2,153,810 #* ITT Educational Services, Inc...................... 8,949 65,059 * Jaclyn, Inc........................................ 20,127 101,641 #* JAKKS Pacific, Inc................................. 182,722 1,099,986 #* Jamba, Inc......................................... 89,983 1,478,421 Johnson Outdoors, Inc. Class A..................... 65,549 1,966,470 * Journal Communications, Inc. Class A............... 480,802 4,832,060 * K12, Inc........................................... 139,238 1,979,964 # KB Home............................................ 408,655 5,091,841 #* Kirkland's, Inc.................................... 178,622 4,156,534 * Kona Grill, Inc.................................... 69,341 1,629,514 # Koss Corp.......................................... 115,135 227,967 #* Krispy Kreme Doughnuts, Inc........................ 727,724 14,168,786 La-Z-Boy, Inc...................................... 586,000 15,640,340 #* Lakeland Industries, Inc........................... 40,544 344,624 o* Lazare Kaplan International, Inc................... 81,643 127,771 #* LeapFrog Enterprises, Inc.......................... 421,165 1,002,373 #* Learning Tree International, Inc................... 162,830 324,032 Libbey, Inc........................................ 245,795 8,039,954 * Liberty Tax, Inc................................... 447 16,092 # Lifetime Brands, Inc............................... 110,770 1,747,951 # Lincoln Educational Services Corp.................. 114,994 298,984 Lithia Motors, Inc. Class A........................ 23,258 1,969,953 * Loral Space & Communications, Inc.................. 43,727 3,144,409 * Luby's, Inc........................................ 249,870 1,219,366 275 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* M/I Homes, Inc..................................... 178,763 $ 3,689,668 Marcus Corp. (The)................................. 179,723 3,389,576 # Marine Products Corp............................... 333,731 2,412,875 #* MarineMax, Inc..................................... 223,372 5,698,220 #* Martha Stewart Living Omnimedia, Inc. Class A...... 169,925 788,452 * McClatchy Co. (The) Class A........................ 339,903 853,157 McRae Industries, Inc. Class A..................... 8,800 271,700 # MDC Holdings, Inc.................................. 291,646 7,291,150 #* Media General, Inc................................. 125,388 1,793,048 #* Meritage Homes Corp................................ 37,653 1,370,946 * Modine Manufacturing Co............................ 351,397 4,283,529 * Monarch Casino & Resort, Inc....................... 143,015 2,474,160 # Monro Muffler Brake, Inc........................... 147,950 8,453,863 * Motorcar Parts of America, Inc..................... 107,920 2,818,870 Movado Group, Inc.................................. 193,258 4,643,990 # NACCO Industries, Inc. Class A..................... 37,647 2,072,467 #* Nathan's Famous, Inc............................... 55,586 4,471,338 National American University Holdings, Inc......... 584 1,857 # National CineMedia, Inc............................ 484,186 6,972,278 * Nautilus, Inc...................................... 342,201 4,872,942 #* Nevada Gold & Casinos, Inc......................... 352 429 * New York & Co., Inc................................ 633,817 1,457,779 # Nexstar Broadcasting Group, Inc. Class A........... 290,944 14,516,651 * Nobility Homes, Inc................................ 43,800 411,720 Nutrisystem, Inc................................... 330,628 5,891,791 * Orbitz Worldwide, Inc.............................. 842,602 7,777,216 #* Overstock.com, Inc................................. 66,674 1,492,164 Oxford Industries, Inc............................. 164,611 9,208,339 * P&F Industries, Inc. Class A....................... 6,745 51,262 #* Pacific Sunwear of California, Inc................. 306,922 844,036 Papa John's International, Inc..................... 372,067 23,611,372 #* Penn National Gaming, Inc.......................... 182,925 2,738,387 * Pep Boys-Manny, Moe & Jack (The)................... 432,794 3,648,453 * Perfumania Holdings, Inc........................... 56,683 319,976 * Perry Ellis International, Inc..................... 115,286 2,756,488 # PetMed Express, Inc................................ 209,343 3,286,685 # Pier 1 Imports, Inc................................ 167,109 2,809,102 #* Pinnacle Entertainment, Inc........................ 374,735 7,925,645 * Popeyes Louisiana Kitchen, Inc..................... 255,027 14,643,650 * QEP Co., Inc....................................... 33,487 596,069 #* Quantum Fuel Systems Technologies Worldwide, Inc... 5,656 14,140 #* Quiksilver, Inc.................................... 866,702 1,620,733 #* Radio One, Inc. Class D............................ 320,517 602,572 #* Rave Restaurant Group, Inc......................... 39,700 513,321 * RCI Hospitality Holdings, Inc...................... 56,692 552,747 * ReachLocal, Inc.................................... 4,933 14,947 #* Reading International, Inc. Class A................ 134,925 1,631,243 * Reading International, Inc. Class B................ 11,620 162,680 * Red Lion Hotels Corp............................... 167,008 1,072,191 * Red Robin Gourmet Burgers, Inc..................... 135,549 10,505,048 * Regis Corp......................................... 366,744 5,776,218 Remy International, Inc............................ 4,494 95,587 # Rent-A-Center, Inc................................. 10,544 361,448 276 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* Rentrak Corp....................................... 50,214 $ 3,862,963 Rocky Brands, Inc.................................. 50,860 697,291 #* Ruby Tuesday, Inc.................................. 451,524 2,718,175 Ruth's Hospitality Group, Inc...................... 350,642 5,091,322 # Saga Communications, Inc. Class A.................. 51,688 2,102,151 # Salem Communications Corp. Class A................. 170,151 1,185,952 # Scholastic Corp.................................... 1,706 62,747 #* Scientific Games Corp. Class A..................... 666,599 7,872,534 * Select Comfort Corp................................ 384,151 11,463,066 #* Shiloh Industries, Inc............................. 153,210 1,873,758 Shoe Carnival, Inc................................. 156,779 3,640,408 # Sinclair Broadcast Group, Inc. Class A............. 382,269 9,457,335 #* Sizmek, Inc........................................ 157,264 937,293 #* Skechers U.S.A., Inc. Class A...................... 250,726 15,131,314 * Skullcandy, Inc.................................... 136,458 1,367,309 #* Skyline Corp....................................... 74,294 278,603 #* Smith & Wesson Holding Corp........................ 4,614 56,752 Sonic Automotive, Inc. Class A..................... 387,801 9,551,539 Sonic Corp......................................... 649,021 19,645,866 * Spanish Broadcasting System, Inc. Class A.......... 36,748 97,382 Spartan Motors, Inc................................ 170,067 886,049 * Spectrum Group International, Inc.................. 278 148,730 # Speedway Motorsports, Inc.......................... 225,386 5,023,854 # Stage Stores, Inc.................................. 246,063 4,921,260 Standard Motor Products, Inc....................... 247,479 9,023,084 * Stanley Furniture Co., Inc......................... 51,183 151,502 Stein Mart, Inc.................................... 274,880 3,782,349 * Steiner Leisure, Ltd............................... 98,771 4,308,391 #* Stoneridge, Inc.................................... 222,982 2,814,033 # Strattec Security Corp............................. 30,152 1,899,576 #* Strayer Education, Inc............................. 32,965 2,208,655 # Sturm Ruger & Co., Inc............................. 177,580 7,174,232 # Superior Industries International, Inc............. 234,133 4,272,927 Superior Uniform Group, Inc........................ 55,473 2,105,200 Sypris Solutions, Inc.............................. 166,119 397,855 #* Systemax, Inc...................................... 335,653 4,386,985 # Tandy Leather Factory, Inc......................... 101,284 864,965 #* Tile Shop Holdings, Inc............................ 40,563 329,372 #* Tilly's, Inc. Class A.............................. 1,200 16,488 * Tower International, Inc........................... 91,571 2,167,486 # Town Sports International Holdings, Inc............ 199,591 1,313,309 Trans World Entertainment Corp..................... 218,126 756,897 #* Tuesday Morning Corp............................... 372,296 6,589,639 #* Tumi Holdings, Inc................................. 114,176 2,588,370 * Unifi, Inc......................................... 162,438 5,235,377 * Universal Electronics, Inc......................... 161,888 10,318,741 Universal Technical Institute, Inc................. 220,194 1,798,985 * US Auto Parts Network, Inc......................... 62,898 147,810 Value Line, Inc.................................... 80,059 1,214,495 #* Vera Bradley, Inc.................................. 142,536 2,718,162 * Vince Holding Corp................................. 3,153 73,938 #* Vitamin Shoppe, Inc................................ 234,268 9,902,508 #* VOXX International Corp............................ 171,812 1,374,496 277 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) #* West Marine, Inc................................... 177,750 $ 2,133,000 # Weyco Group, Inc................................... 110,462 2,984,683 * William Lyon Homes Class A......................... 44,576 850,510 # Winmark Corp....................................... 54,523 4,444,170 # Winnebago Industries, Inc.......................... 229,329 4,561,354 o#* Xanadoo Co. Class A................................ 566 99,050 * Zagg, Inc.......................................... 100,220 604,327 * Zumiez, Inc........................................ 306,371 11,424,575 ------------ Total Consumer Discretionary............................ 947,251,679 ------------ Consumer Staples -- (3.3%) # Alico, Inc......................................... 67,574 3,212,468 * Alliance One International, Inc.................... 820,551 861,579 Andersons, Inc. (The).............................. 259,775 11,684,679 # B&G Foods, Inc..................................... 13,498 402,780 #* Boulder Brands, Inc................................ 577,162 5,788,935 * Bridgford Foods Corp............................... 72,953 586,907 # Cal-Maine Foods, Inc............................... 369,879 12,964,259 Calavo Growers, Inc................................ 126,428 5,071,027 * CCA Industries, Inc................................ 35,363 123,771 * Central Garden and Pet Co.......................... 75,174 635,220 #* Central Garden and Pet Co. Class A................. 306,895 2,792,744 #* Chefs' Warehouse, Inc. (The)....................... 50,971 1,090,270 # Coca-Cola Bottling Co. Consolidated................ 70,984 6,923,779 #* Coffee Holding Co., Inc............................ 14,908 75,285 #* Craft Brew Alliance, Inc........................... 89,715 1,067,609 # Dean Foods Co...................................... 425,343 7,707,215 #* Diamond Foods, Inc................................. 24,985 614,131 #* Elizabeth Arden, Inc............................... 6,302 93,144 #* Farmer Bros. Co.................................... 88,891 2,658,730 #* Fresh Market, Inc. (The)........................... 11,138 424,469 * Glacier Water Services, Inc........................ 23,971 347,580 Golden Enterprises, Inc............................ 99,219 356,196 Ingles Markets, Inc. Class A....................... 100,932 4,304,750 Inter Parfums, Inc................................. 291,073 7,320,486 * Inventure Foods, Inc............................... 38,984 396,467 J&J Snack Foods Corp............................... 155,161 15,224,397 John B. Sanfilippo & Son, Inc...................... 70,333 2,565,045 #* Landec Corp........................................ 248,717 3,176,116 # Liberator Medical Holdings, Inc.................... 6,507 20,822 #* Lifeway Foods, Inc................................. 152,175 2,784,802 # Limoneira Co....................................... 2,685 55,848 * Mannatech, Inc..................................... 10,017 187,318 #* Medifast, Inc...................................... 129,670 4,109,242 # MGP Ingredients, Inc............................... 110,500 1,752,530 * National Beverage Corp............................. 397,528 8,642,259 * Natural Alternatives International, Inc............ 70,731 376,289 #* Natural Grocers by Vitamin Cottage, Inc............ 19,684 606,267 # Nature's Sunshine Products, Inc.................... 153,100 2,117,373 #* Nutraceutical International Corp................... 59,666 1,165,874 # Oil-Dri Corp. of America........................... 57,161 1,750,270 * Omega Protein Corp................................. 158,342 1,668,925 # Orchids Paper Products Co.......................... 57,304 1,562,680 278 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) * Pantry, Inc. (The)................................. 143,036 $ 5,278,028 #* Post Holdings, Inc................................. 17,706 836,609 * Reliv International, Inc........................... 102,054 123,485 * Revlon, Inc. Class A............................... 377,732 12,366,946 Rocky Mountain Chocolate Factory, Inc.............. 71,128 963,784 #* Roundy's, Inc...................................... 36,916 132,898 * Scheid Vineyards, Inc. Class A..................... 2,900 90,669 Scope Industries................................... 8,083 1,838,882 #* Seneca Foods Corp. Class A......................... 33,144 857,767 #* Seneca Foods Corp. Class B......................... 11,120 392,036 SpartanNash Co..................................... 325,749 8,391,294 * Tofutti Brands, Inc................................ 53,404 283,041 # United-Guardian, Inc............................... 39,576 846,926 # Universal Corp..................................... 101,424 4,073,188 #* USANA Health Sciences, Inc......................... 136,370 13,369,715 Village Super Market, Inc. Class A................. 69,464 2,012,372 # WD-40 Co........................................... 151,039 12,394,260 Weis Markets, Inc.................................. 249 11,412 ------------ Total Consumer Staples................................. 189,533,849 ------------ Energy -- (2.5%) #* Abraxas Petroleum Corp............................. 486,100 1,438,856 Adams Resources & Energy, Inc...................... 38,954 2,260,890 # Alon USA Energy, Inc............................... 474,287 5,729,387 #* Alpha Natural Resources, Inc....................... 481,912 501,188 AMEN Properties, Inc............................... 123 72,816 #* Approach Resources, Inc............................ 202,666 1,270,716 * Barnwell Industries, Inc........................... 68,834 197,898 #* Basic Energy Services, Inc......................... 445,487 2,619,463 #* Bill Barrett Corp.................................. 200,043 2,040,439 #* C&J Energy Services, Inc........................... 172,867 1,780,530 #* Callon Petroleum Co................................ 362,025 1,973,036 #* Clayton Williams Energy, Inc....................... 107,032 5,983,089 #* Clean Energy Fuels Corp............................ 305,021 1,271,938 #* Cloud Peak Energy, Inc............................. 368,334 2,500,988 # Comstock Resources, Inc............................ 330,845 1,336,614 #* Contango Oil & Gas Co.............................. 125,020 3,759,351 Dawson Geophysical Co.............................. 64,595 696,980 # DHT Holdings, Inc.................................. 104,395 767,303 * Earthstone Energy, Inc............................. 1,000 23,000 #* Emerald Oil, Inc................................... 356,723 293,583 # Energy XXI, Ltd.................................... 50 147 #* ENGlobal Corp...................................... 238,421 429,158 # EnLink Midstream LLC............................... 291,376 9,219,137 * Era Group, Inc..................................... 24,930 561,424 * Escalera Resources Co.............................. 19,977 8,808 Evolution Petroleum Corp........................... 27,969 205,572 #* FieldPoint Petroleum Corp.......................... 49,014 88,715 #* Gastar Exploration, Inc............................ 466,152 1,090,796 #* Geospace Technologies Corp......................... 69,429 1,664,907 #* Goodrich Petroleum Corp............................ 71,912 181,218 # Green Plains, Inc.................................. 316,047 7,398,660 # Gulf Island Fabrication, Inc....................... 111,375 1,845,484 279 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ---------- Energy -- (Continued) # Gulfmark Offshore, Inc. Class A.................... 112,621 $2,222,012 #* Harvest Natural Resources, Inc..................... 261,877 164,275 #* Hercules Offshore, Inc............................. 365,365 263,063 #* HKN, Inc........................................... 1,132 60,556 #* Hornbeck Offshore Services, Inc.................... 6,673 148,141 #* ION Geophysical Corp............................... 1,115,576 2,510,046 #* Jones Energy, Inc. Class A......................... 1,900 19,380 * Key Energy Services, Inc........................... 862,608 1,449,181 #* Matador Resources Co............................... 170,360 3,672,962 * Matrix Service Co.................................. 246,770 4,737,984 * Mexco Energy Corp.................................. 8,988 41,659 #* Miller Energy Resources, Inc....................... 32,669 38,223 * Mitcham Industries, Inc............................ 80,711 452,789 * Natural Gas Services Group, Inc.................... 62,462 1,261,108 #* Newpark Resources, Inc............................. 892,358 7,709,973 #* Nordic American Offshore, Ltd...................... 571 6,424 # Nordic American Tankers, Ltd....................... 66,007 667,991 #* Northern Oil and Gas, Inc.......................... 320,656 2,013,720 #* Nuverra Environmental Solutions, Inc............... 136,121 303,550 * Overseas Shipholding Group, Inc.................... 18,861 96,191 #* Pacific Ethanol, Inc............................... 31 266 # Panhandle Oil and Gas, Inc. Class A................ 121,936 2,553,340 #* Parker Drilling Co................................. 876,045 2,374,082 #* Penn Virginia Corp................................. 605,843 2,956,514 * PetroQuest Energy, Inc............................. 544,539 1,595,499 #* PHI, Inc. Non-Voting............................... 111,940 3,829,467 #* PHI, Inc. Voting................................... 9,745 334,059 * Pioneer Energy Services Corp....................... 427,910 1,771,547 #* Renewable Energy Group, Inc........................ 182,613 1,596,038 #* REX American Resources Corp........................ 149,235 8,284,035 #* Rex Energy Corp.................................... 296,053 1,048,028 #* RigNet, Inc........................................ 42,012 1,437,651 #* Ring Energy, Inc................................... 3,968 36,188 * Royale Energy, Inc................................. 45,629 80,763 # Scorpio Tankers, Inc............................... 106,003 834,244 #* SEACOR Holdings, Inc............................... 13,226 951,611 #* Seventy Seven Energy, Inc.......................... 9,763 38,564 # Ship Finance International, Ltd.................... 912 12,668 * Steel Excel, Inc................................... 73,655 1,763,301 #* Swift Energy Co.................................... 55,787 118,826 #* Synergy Resources Corp............................. 616,389 7,538,437 * Synthesis Energy Systems, Inc...................... 17,851 12,621 o#* Syntroleum Corp.................................... 44,574 124,689 Teekay Tankers, Ltd. Class A....................... 11,910 61,217 # Tesco Corp......................................... 181,013 1,853,573 #* TETRA Technologies, Inc............................ 590,106 2,915,124 * TGC Industries, Inc................................ 110,887 221,774 #* Triangle Petroleum Corp............................ 683,458 3,588,154 #* Uranium Energy Corp................................ 33,999 43,179 #* US Energy Corp. Wyoming............................ 71,870 102,774 #* Vaalco Energy, Inc................................. 595,368 3,298,339 # W&T Offshore, Inc.................................. 185,160 936,910 #* Warren Resources, Inc.............................. 495,911 520,706 280 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) * Westmoreland Coal Co............................... 48,242 $ 1,258,151 * Willbros Group, Inc................................ 364,047 2,031,382 * Yuma Energy, Inc................................... 22,699 37,680 #* Zion Oil & Gas, Inc................................ 5,765 8,647 ------------ Total Energy........................................... 143,221,367 ------------ Financials -- (14.5%) * 1st Constitution Bancorp........................... 16,306 179,366 # 1st Source Corp.................................... 192,961 5,736,731 * A-Mark Precious Metals, Inc........................ 69,658 727,926 Access National Corp............................... 59,660 1,065,528 Alliance Bancorp, Inc. of Pennsylvania............. 13,199 230,455 #* Altisource Asset Management Corp................... 9,319 1,491,040 #* Ambac Financial Group, Inc......................... 166,513 4,071,243 Ameriana Bancorp................................... 20,650 359,826 American Equity Investment Life Holding Co......... 426,652 10,883,892 * American Independence Corp......................... 3,596 39,880 # American National Bankshares, Inc.................. 54,265 1,167,783 * American River Bankshares.......................... 20,521 202,747 o* American Spectrum Realty, Inc...................... 12,048 7,590 Ameris Bancorp..................................... 150,466 3,630,745 AMERISAFE, Inc..................................... 147,021 5,983,755 # AmeriServ Financial, Inc........................... 189,054 565,271 #* Anchor Bancorp, Inc................................ 800 17,192 Argo Group International Holdings, Ltd............. 52,793 2,823,898 Arrow Financial Corp............................... 121,738 3,112,841 ASB Financial Corp................................. 4,400 57,750 * Asta Funding, Inc.................................. 50,151 425,782 Astoria Financial Corp............................. 609,553 7,454,833 Atlantic American Corp............................. 7,131 28,453 #* Atlantic Coast Financial Corp...................... 738 2,863 * Atlanticus Holdings Corp........................... 140,864 360,612 Auburn National Bancorporation, Inc................ 11,571 271,918 * AV Homes, Inc...................................... 80,688 1,209,513 # Baldwin & Lyons, Inc. Class A...................... 3,548 83,910 Baldwin & Lyons, Inc. Class B...................... 90,872 2,099,143 # Banc of California, Inc............................ 41,921 429,690 # Bancfirst Corp..................................... 118,884 6,854,851 Bancorp of New Jersey, Inc......................... 1,246 13,457 #* Bancorp, Inc. (The)................................ 238,242 2,029,822 # Bank Mutual Corp................................... 171,133 1,090,117 Bank of Commerce Holdings.......................... 19,956 113,749 Bank of Kentucky Financial Corp (The).............. 28,520 1,267,429 BankFinancial Corp................................. 210,776 2,383,877 Banner Corp........................................ 172,294 6,957,232 Bar Harbor Bankshares.............................. 40,992 1,258,454 BBCN Bancorp, Inc.................................. 762,037 9,868,379 * BBX Capital Corp. Class A.......................... 43,192 610,735 BCB Bancorp, Inc................................... 54,608 633,999 #* Bear State Financial, Inc.......................... 50,526 546,691 * Beneficial Bancorp, Inc............................ 143,534 1,548,732 # Berkshire Bancorp, Inc............................. 10,471 90,051 Berkshire Hills Bancorp, Inc....................... 159,750 3,977,775 281 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) BGC Partners, Inc. Class A......................... 455,287 $ 3,564,897 BNC Bancorp........................................ 1,579 25,232 * BNCCORP, Inc....................................... 12,585 197,584 #* BofI Holding, Inc.................................. 155,008 13,076,475 Boston Private Financial Holdings, Inc............. 800,380 8,804,180 # Bridge Bancorp, Inc................................ 41,930 1,034,832 * Bridge Capital Holdings............................ 47,800 1,044,430 Brookline Bancorp, Inc............................. 605,665 5,814,384 * Brunswick Bancorp.................................. 120 552 # Bryn Mawr Bank Corp................................ 100,863 2,940,156 C&F Financial Corp................................. 14,164 499,848 Calamos Asset Management, Inc. Class A............. 149,909 1,881,358 California First National Bancorp.................. 81,133 1,119,635 # Camden National Corp............................... 76,363 2,837,649 # Cape Bancorp, Inc.................................. 4,774 41,200 * Capital Bank Financial Corp. Class A............... 26,968 658,559 # Capital City Bank Group, Inc....................... 149,273 2,239,095 * Capital Properties, Inc. Class A................... 11,044 128,221 Cardinal Financial Corp............................ 286,572 5,103,847 * Carolina Bank Holdings, Inc........................ 4,335 42,483 * Carver Bancorp, Inc................................ 300 1,854 * Cascade Bancorp.................................... 107,818 498,119 # Cash America International, Inc.................... 97,808 2,034,406 # Centerstate Banks, Inc............................. 66,774 735,182 # Central Pacific Financial Corp..................... 99,025 2,077,544 # Century Bancorp, Inc. Class A...................... 18,900 732,942 Charter Financial Corp............................. 935 10,472 Chemical Financial Corp............................ 234,694 6,655,922 Chicopee Bancorp, Inc.............................. 26,112 429,804 Citizens Community Bancorp, Inc.................... 4,432 40,398 * Citizens First Corp................................ 1,442 17,982 Citizens Holding Co................................ 9,925 184,803 #* Citizens, Inc...................................... 389,685 2,813,526 # City Holding Co.................................... 161,509 6,836,676 CKX Lands, Inc..................................... 14,943 225,042 # Clifton Bancorp, Inc............................... 79,256 1,050,935 # CNB Financial Corp................................. 54,933 933,861 # CoBiz Financial, Inc............................... 223,395 2,435,005 Codorus Valley Bancorp, Inc........................ 12,094 242,727 * Colonial Financial Services, Inc................... 7,831 103,800 * Colony Bankcorp, Inc............................... 37,943 283,055 Columbia Banking System, Inc....................... 354,937 9,026,048 Commercial National Financial Corp................. 10,640 235,676 Community Bank Shares of Indiana, Inc.............. 2,877 77,737 # Community Bank System, Inc......................... 299,344 10,066,939 * Community Bankers Trust Corp....................... 2,000 8,720 Community Trust Bancorp, Inc....................... 150,285 4,746,000 Community West Bancshares.......................... 12,713 85,813 * CommunityOne Bancorp............................... 216 2,108 ConnectOne Bancorp, Inc............................ 146,430 2,694,312 # Consolidated-Tomoka Land Co........................ 52,754 2,877,731 #* Consumer Portfolio Services, Inc................... 65,939 369,258 #* Cowen Group, Inc. Class A.......................... 350,148 1,456,616 282 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Crawford & Co. Class A............................. 281,599 $ 2,182,392 # Crawford & Co. Class B............................. 145,019 1,355,928 #* Customers Bancorp, Inc............................. 26,552 521,747 # CVB Financial Corp................................. 269,293 3,934,371 * DGT Holdings Corp.................................. 12,563 186,184 # Diamond Hill Investment Group, Inc................. 710 92,343 Dime Community Bancshares, Inc..................... 305,780 4,513,313 # Donegal Group, Inc. Class A........................ 168,796 2,699,048 # Donegal Group, Inc. Class B........................ 34,951 815,232 #* Doral Financial Corp............................... 4,060 11,693 Eagle Bancorp Montana, Inc......................... 578 6,323 * Eagle Bancorp, Inc................................. 3,633 124,249 * Eastern Virginia Bankshares, Inc................... 8,084 50,525 #* eHealth, Inc....................................... 109,773 1,124,076 # EMC Insurance Group, Inc........................... 116,209 3,748,902 Employers Holdings, Inc............................ 252,542 5,252,874 #* Encore Capital Group, Inc.......................... 297,873 11,086,833 * Enova International, Inc........................... 76,496 1,472,548 # Enterprise Bancorp, Inc............................ 36,296 742,253 Enterprise Financial Services Corp................. 61,177 1,169,092 # ESB Financial Corp................................. 159,464 2,664,643 ESSA Bancorp, Inc.................................. 59,140 718,551 Evans Bancorp, Inc................................. 11,667 275,925 #* Ezcorp, Inc. Class A............................... 112,284 1,157,648 * Farmers Capital Bank Corp.......................... 22,878 511,095 FBL Financial Group, Inc. Class A.................. 269,981 14,090,308 Federal Agricultural Mortgage Corp. Class A........ 4,200 95,550 # Federal Agricultural Mortgage Corp. Class C........ 77,773 2,142,646 Federated National Holding Co...................... 109,536 3,188,593 Fidelity Southern Corp............................. 101,177 1,546,996 Financial Institutions, Inc........................ 73,608 1,621,584 * First Acceptance Corp.............................. 59,247 138,045 o First Bancorp of Indiana, Inc...................... 1,400 21,525 # First Bancorp, Inc................................. 74,352 1,232,756 * First BanCorp.(318672706).......................... 334,629 1,837,113 # First Bancorp.(318910106).......................... 142,584 2,366,894 * First Bancshares, Inc.............................. 5,228 36,805 First Bancshares, Inc. (The)....................... 4,544 63,389 # First Busey Corp................................... 504,326 3,106,648 # First Business Financial Services, Inc............. 8,241 360,709 #* First Cash Financial Services, Inc................. 16,130 801,984 # First Commonwealth Financial Corp.................. 752,064 5,933,785 # First Community Bancshares, Inc.................... 109,324 1,715,294 # First Connecticut Bancorp Inc/Farmington........... 17,443 257,284 First Defiance Financial Corp...................... 69,039 2,102,928 First Federal of Northern Michigan Bancorp, Inc.... 13,700 79,871 First Financial Bancorp............................ 365,757 6,042,306 # First Financial Corp............................... 120,828 3,916,035 First Financial Northwest, Inc..................... 46,371 555,988 First Interstate Bancsystem, Inc................... 117,115 2,799,048 #* First Marblehead Corp. (The)....................... 4,947 28,742 First Merchants Corp............................... 258,958 5,655,643 First Midwest Bancorp, Inc......................... 566,053 8,717,216 283 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * First NBC Bank Holding Co.......................... 12,253 $ 379,353 o* First Place Financial Corp......................... 153,683 12 First South Bancorp, Inc........................... 59,381 472,079 #* First United Corp.................................. 31,308 265,805 First West Virginia Bancorp........................ 1,187 26,031 * Flagstar Bancorp, Inc.............................. 178,575 2,537,551 Flushing Financial Corp............................ 222,995 4,036,209 #* Forestar Group, Inc................................ 271,161 3,598,306 Fox Chase Bancorp, Inc............................. 59,633 968,440 #* FRP Holdings, Inc.................................. 92,577 3,351,287 # FXCM, Inc. Class A................................. 278,968 613,730 # Gain Capital Holdings, Inc......................... 87,225 710,884 # German American Bancorp, Inc....................... 65,691 1,839,348 GFI Group, Inc..................................... 527,874 2,961,373 Glacier Bancorp, Inc............................... 281,127 6,260,698 #* Global Indemnity P.L.C............................. 56,451 1,481,274 Gouverneur Bancorp, Inc............................ 4,366 60,032 Great Southern Bancorp, Inc........................ 82,319 2,973,362 * Green Dot Corp. Class A............................ 264,826 4,038,596 # Greenhill & Co., Inc............................... 168,134 6,200,782 * Greenlight Capital Re, Ltd. Class A................ 217,939 6,845,464 # Griffin Land & Nurseries, Inc...................... 48,979 1,451,738 # Guaranty Bancorp................................... 63,993 856,226 Guaranty Federal Bancshares, Inc................... 17,335 255,691 * Hallmark Financial Services, Inc................... 107,599 1,187,893 Hampden Bancorp, Inc............................... 3,433 68,969 #* Hampton Roads Bankshares, Inc...................... 8,405 13,616 Hanmi Financial Corp............................... 246,134 4,888,221 Harleysville Savings Financial Corp................ 12,400 220,720 Hawthorn Bancshares, Inc........................... 6,195 88,155 # HCI Group, Inc..................................... 111,903 5,171,038 Heartland Financial USA, Inc....................... 133,135 3,677,189 Heritage Commerce Corp............................. 110,586 924,499 Heritage Financial Corp............................ 151,606 2,352,925 Heritage Financial Group, Inc...................... 16,112 386,205 HF Financial Corp.................................. 34,791 501,338 HFF, Inc. Class A.................................. 314,479 10,682,852 * Hilltop Holdings, Inc.............................. 471,351 8,555,021 Hingham Institution for Savings.................... 14,511 1,276,968 * HMN Financial, Inc................................. 37,346 457,115 Home Bancorp, Inc.................................. 4,852 106,162 # HomeStreet, Inc.................................... 3,138 55,417 * HomeTrust Bancshares, Inc.......................... 4,716 72,862 HopFed Bancorp, Inc................................ 18,198 240,396 Horace Mann Educators Corp......................... 424,649 12,939,055 # Horizon Bancorp.................................... 36,923 826,337 Hudson Valley Holding Corp......................... 20,209 498,556 #* Imperial Holdings, Inc............................. 2,803 16,650 # Independence Holding Co............................ 71,308 906,325 # Independent Bank Corp.(453836108).................. 180,443 6,826,159 Independent Bank Corp.(453838609).................. 34,130 419,799 # Independent Bank Group, Inc........................ 7,201 224,743 Infinity Property & Casualty Corp.................. 133,271 9,364,953 284 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # Interactive Brokers Group, Inc. Class A............ 540,769 $16,563,754 #* InterGroup Corp. (The)............................. 6,500 117,520 Intervest Bancshares Corp. Class A................. 7,618 75,037 #* INTL. FCStone, Inc................................. 89,303 1,721,762 #* Investment Technology Group, Inc................... 183,463 3,806,857 # Investors Bancorp, Inc............................. 154,269 1,698,502 Investors Title Co................................. 21,120 1,515,149 * Jacksonville Bancorp, Inc.......................... 259 2,813 JMP Group, Inc..................................... 82,227 627,392 #* JW Mays, Inc....................................... 2,700 143,748 * KCG Holdings, Inc. Class A......................... 80,049 978,999 #* Kearny Financial Corp.............................. 35,232 458,016 Kentucky First Federal Bancorp..................... 38,012 312,459 #* Ladenburg Thalmann Financial Services, Inc......... 100,026 381,099 Lake Shore Bancorp, Inc............................ 3,521 46,213 Lakeland Bancorp, Inc.............................. 227,529 2,455,038 Lakeland Financial Corp............................ 108,334 4,088,525 Landmark Bancorp, Inc.............................. 14,819 311,199 LegacyTexas Financial Group, Inc................... 364,491 7,224,212 * LendingTree, Inc................................... 40,001 1,647,241 LNB Bancorp, Inc................................... 58,795 1,023,033 Louisiana Bancorp, Inc............................. 1,237 26,422 # Macatawa Bank Corp................................. 202,123 1,065,188 * Magyar Bancorp, Inc................................ 15,818 131,289 # Maiden Holdings, Ltd............................... 349,104 4,363,800 MainSource Financial Group, Inc.................... 135,270 2,597,184 * Malvern Bancorp, Inc............................... 8,513 101,730 Manning & Napier, Inc.............................. 13,124 140,558 Marlin Business Services Corp...................... 68,365 1,097,258 #* Maui Land & Pineapple Co., Inc..................... 49,270 310,894 MB Financial, Inc.................................. 85,760 2,436,442 * MBT Financial Corp................................. 43,912 225,269 # Meadowbrook Insurance Group, Inc................... 454,352 3,771,122 # Mercantile Bank Corp............................... 49,248 935,712 # Merchants Bancshares, Inc.......................... 61,287 1,640,653 #* Meridian Bancorp, Inc.............................. 121,075 1,405,681 Meta Financial Group, Inc.......................... 27,483 919,856 * Metro Bancorp, Inc................................. 126,701 3,225,807 Mid Penn Bancorp, Inc.............................. 7,759 120,264 # MidSouth Bancorp, Inc.............................. 59,150 824,551 # MidWestOne Financial Group, Inc.................... 16,539 463,423 * MSB Financial Corp................................. 2,696 28,497 MutualFirst Financial, Inc......................... 39,230 858,745 National Bank Holdings Corp. Class A............... 35,580 656,451 # National Interstate Corp........................... 144,712 3,729,228 National Penn Bancshares, Inc...................... 299,471 2,904,869 National Security Group, Inc. (The)................ 12,602 166,976 National Western Life Insurance Co. Class A........ 12,021 2,865,686 #* Naugatuck Valley Financial Corp.................... 7,309 63,369 * Navigators Group, Inc. (The)....................... 83,060 6,164,713 # NBT Bancorp, Inc................................... 295,923 6,809,188 Nelnet, Inc. Class A............................... 15,503 678,101 # New Hampshire Thrift Bancshares, Inc............... 21,740 329,796 285 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * NewBridge Bancorp.................................. 165,705 $ 1,299,127 #* NewStar Financial, Inc............................. 194,699 2,057,968 * Nicholas Financial, Inc............................ 41,301 587,713 Northeast Bancorp.................................. 4,362 39,214 Northeast Community Bancorp, Inc................... 24,952 173,167 # Northfield Bancorp, Inc............................ 275,927 3,973,349 Northrim BanCorp, Inc.............................. 44,423 920,889 Northway Financial, Inc............................ 1,076 21,897 Northwest Bancshares, Inc.......................... 484,512 5,717,242 # Norwood Financial Corp............................. 10,591 317,095 # Ocean Shore Holding Co............................. 20,561 290,527 OceanFirst Financial Corp.......................... 117,015 1,895,643 OFG Bancorp........................................ 350,253 5,639,073 Ohio Valley Banc Corp.............................. 16,910 405,840 # Old Line Bancshares, Inc........................... 22,285 321,795 Old National Bancorp............................... 305,791 4,100,657 * Old Second Bancorp, Inc............................ 120,505 655,547 OneBeacon Insurance Group, Ltd. Class A............ 8,465 133,832 # Oppenheimer Holdings, Inc. Class A................. 17,944 354,394 Oritani Financial Corp............................. 381,229 5,379,141 Pacific Continental Corp........................... 92,747 1,172,322 * Pacific Mercantile Bancorp......................... 8,084 55,375 * Pacific Premier Bancorp, Inc....................... 81,665 1,213,542 # PacWest Bancorp.................................... 54,890 2,346,822 # Park National Corp................................. 35,882 2,885,272 Park Sterling Corp................................. 252,060 1,688,802 #* Patriot National Bancorp, Inc...................... 2,900 4,988 # Peapack Gladstone Financial Corp................... 106,810 1,904,422 # Penns Woods Bancorp, Inc........................... 36,061 1,601,469 * PennyMac Financial Services, Inc. Class A.......... 899 16,200 Peoples Bancorp.................................... 3,331 80,777 Peoples Bancorp of North Carolina, Inc............. 15,956 287,687 # Peoples Bancorp, Inc............................... 94,701 2,163,918 #* PHH Corp........................................... 178,773 4,458,599 #* Phoenix Cos., Inc. (The)........................... 47,405 2,940,532 * PICO Holdings, Inc................................. 178,001 2,846,236 Pinnacle Financial Partners, Inc................... 311,800 11,206,092 * Piper Jaffray Cos.................................. 4,037 206,089 Preferred Bank..................................... 59,808 1,561,587 Premier Financial Bancorp, Inc..................... 47,695 707,317 PrivateBancorp, Inc................................ 38,355 1,163,691 Provident Financial Holdings, Inc.................. 69,195 1,073,906 Provident Financial Services, Inc.................. 142,528 2,474,286 Prudential Bancorp, Inc............................ 27,615 336,075 * PSB Holdings, Inc.................................. 1,113 8,392 Pulaski Financial Corp............................. 85,066 1,012,285 # Pzena Investment Management, Inc. Class A.......... 56,693 460,914 QC Holdings, Inc................................... 171,139 290,081 QCR Holdings, Inc.................................. 100 1,760 # RCS Capital Corp. Class A.......................... 42,483 400,615 #* Regional Management Corp........................... 14,534 211,179 Renasant Corp...................................... 180,780 4,729,205 Republic Bancorp, Inc. Class A..................... 195,944 4,465,564 286 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) * Republic First Bancorp, Inc........................ 76,545 $ 262,549 # Resource America, Inc. Class A..................... 169,832 1,492,823 * Riverview Bancorp, Inc............................. 102,676 451,774 * Royal Bancshares of Pennsylvania, Inc. Class A..... 26,610 47,898 # S&T Bancorp, Inc................................... 214,186 5,887,973 #* Safeguard Scientifics, Inc......................... 177,199 3,248,058 Safety Insurance Group, Inc........................ 99,667 6,174,371 Salisbury Bancorp, Inc............................. 7,752 211,630 # Sandy Spring Bancorp, Inc.......................... 182,659 4,517,157 SB Financial Group, Inc............................ 2,810 27,004 #* Seacoast Banking Corp. of Florida.................. 36,403 460,862 * Security National Financial Corp. Class A.......... 24,362 144,711 * Select Bancorp, Inc................................ 9,127 65,441 Selective Insurance Group, Inc..................... 157,685 4,071,427 * Shore Bancshares, Inc.............................. 35,120 324,860 SI Financial Group, Inc............................ 20,041 220,651 * Siebert Financial Corp............................. 13,141 23,391 # Sierra Bancorp..................................... 88,637 1,404,010 Simmons First National Corp. Class A............... 138,795 5,193,709 Simplicity Bancorp, Inc............................ 21,206 373,014 South State Corp................................... 141,224 8,432,485 * Southcoast Financial Corp.......................... 4,265 31,987 * Southern First Bancshares, Inc..................... 30,135 527,362 # Southern Missouri Bancorp, Inc..................... 7,832 289,784 # Southern National Bancorp of Virginia, Inc......... 1,014 11,306 # Southside Bancshares, Inc.......................... 161,364 4,405,237 Southwest Bancorp, Inc............................. 132,946 2,028,756 Southwest Georgia Financial Corp................... 12,047 167,092 State Auto Financial Corp.......................... 84,922 1,868,284 State Bank Financial Corp.......................... 1,387 25,327 Sterling Bancorp................................... 746,917 9,844,366 Stewart Information Services Corp.................. 176,443 6,316,659 # Stock Yards Bancorp, Inc........................... 128,732 3,964,946 * Stratus Properties, Inc............................ 70,975 956,743 Suffolk Bancorp.................................... 116,114 2,670,622 Summit State Bank.................................. 1,118 14,992 #* Sun Bancorp, Inc................................... 57,146 1,045,772 Sussex Bancorp..................................... 8,000 80,000 #* Tejon Ranch Co..................................... 214,047 5,269,837 # Territorial Bancorp, Inc........................... 41,856 909,949 Timberland Bancorp, Inc............................ 70,526 740,523 # Tompkins Financial Corp............................ 92,170 4,725,556 # Towne Bank......................................... 126,772 1,839,462 Trico Bancshares................................... 160,789 3,754,423 * Trinity Place Holdings, Inc........................ 143,600 1,077,000 #* TriState Capital Holdings, Inc..................... 6,581 62,256 # TrustCo Bank Corp.................................. 737,124 4,739,707 # Trustmark Corp..................................... 2,120 45,283 * Unico American Corp................................ 113,843 1,349,609 Union Bankshares Corp.............................. 260,178 5,203,560 # Union Bankshares, Inc.............................. 14,917 369,867 United Bancshares, Inc............................. 6,297 91,306 United Community Bancorp........................... 1,415 16,768 287 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) United Community Banks, Inc........................ 323,295 $ 5,660,895 # United Community Financial Corp.................... 292,172 1,577,729 United Financial Bancorp, Inc...................... 296,373 3,686,880 United Fire Group, Inc............................. 189,221 5,286,835 United Insurance Holdings Corp..................... 1,037 25,334 * United Security Bancshares......................... 114,740 592,058 Unity Bancorp, Inc................................. 36,063 330,337 # Universal Insurance Holdings, Inc.................. 363,594 8,446,289 # Univest Corp. of Pennsylvania...................... 102,999 1,907,541 Virtus Investment Partners, Inc.................... 24,712 3,351,689 # VSB Bancorp, Inc................................... 2,848 33,606 * Walker & Dunlop, Inc............................... 167,028 2,964,747 #* Walter Investment Management Corp.................. 5,902 88,943 # Washington Trust Bancorp, Inc...................... 128,604 4,709,478 Waterstone Financial, Inc.......................... 90,386 1,146,094 Wayne Savings Bancshares, Inc...................... 3,361 44,567 # WesBanco, Inc...................................... 245,944 7,422,590 # West Bancorporation, Inc........................... 89,233 1,459,852 # Westamerica Bancorporation......................... 29,106 1,184,032 * Western Alliance Bancorp........................... 602,438 15,488,681 Westfield Financial, Inc........................... 147,645 1,063,044 # Westwood Holdings Group, Inc....................... 65,982 3,892,278 Wilshire Bancorp, Inc.............................. 736,369 6,700,958 # WisdomTree Investments, Inc........................ 109,059 1,899,808 #* World Acceptance Corp.............................. 140,586 10,326,042 * Wright Investors' Service Holdings, Inc............ 109,400 163,006 WSFS Financial Corp................................ 21,320 1,574,695 WVS Financial Corp................................. 12,479 141,387 * Yadkin Financial Corp.............................. 32,100 611,826 ------------ Total Financials....................................... 832,799,799 ------------ Health Care -- (8.8%) # Abaxis, Inc........................................ 55,647 3,421,178 #* Accelerate Diagnostics, Inc........................ 40,089 861,914 #* Accretive Health, Inc.............................. 11,937 69,831 #* Accuray, Inc....................................... 34,927 257,412 #* Achillion Pharmaceuticals, Inc..................... 114,813 1,704,973 #* Acorda Therapeutics, Inc........................... 196,779 8,176,167 #* Adcare Health Systems, Inc......................... 2,242 8,968 * Addus HomeCare Corp................................ 25,549 566,677 #* Affymetrix, Inc.................................... 623,781 6,886,542 #* Albany Molecular Research, Inc..................... 370,880 6,056,470 #* Alliance HealthCare Services, Inc.................. 89,483 2,016,947 #* Allied Healthcare Products, Inc.................... 22,068 34,426 * Almost Family, Inc................................. 47,805 1,451,360 #* Alphatec Holdings, Inc............................. 240,411 307,726 #* AMAG Pharmaceuticals, Inc.......................... 130,184 5,752,831 #* Amedisys, Inc...................................... 219,624 6,189,004 #* American Shared Hospital Services.................. 35,563 89,263 * Amicus Therapeutics, Inc........................... 1,613 12,404 * AMN Healthcare Services, Inc....................... 420,413 7,912,173 * Amsurg Corp........................................ 68,119 3,758,806 #* Anacor Pharmaceuticals, Inc........................ 3,722 139,947 288 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) # Analogic Corp...................................... 132,317 $10,787,805 #* AngioDynamics, Inc................................. 250,806 4,826,761 * ANI Pharmaceuticals, Inc........................... 2,387 133,600 * Anika Therapeutics, Inc............................ 165,403 6,480,490 #* Antares Pharma, Inc................................ 4,807 11,248 * Arqule, Inc........................................ 61,282 71,087 * Arrhythmia Research Technology, Inc................ 16,626 127,854 # Atrion Corp........................................ 19,861 6,653,435 #* Bio-Reference Laboratories, Inc.................... 189,729 6,361,613 #* Bioanalytical Systems, Inc......................... 7,157 14,887 #* Biodel, Inc........................................ 39,257 59,082 #* BioDelivery Sciences International, Inc............ 20,364 266,768 #* Biolase, Inc....................................... 2,035 5,169 #* BioScrip, Inc...................................... 702,272 4,038,064 * Biospecifics Technologies Corp..................... 32,110 1,263,207 * Biota Pharmaceuticals, Inc......................... 76,328 183,187 #* BioTelemetry, Inc.................................. 123,624 1,221,405 #* Bovie Medical Corp................................. 148,599 520,097 * Cambrex Corp....................................... 326,131 7,315,118 Cantel Medical Corp................................ 297,616 12,074,281 * Capital Senior Living Corp......................... 276,798 6,607,168 #* CASI Pharmaceuticals, Inc.......................... 1,607 2,700 #* Catalyst Pharmaceutical Partners, Inc.............. 25,086 91,564 #* Celsion Corp....................................... 18,314 40,474 #* ChemoCentryx, Inc.................................. 3,800 31,236 #* Columbia Laboratories, Inc......................... 3,466 19,236 # Computer Programs & Systems, Inc................... 101,935 5,021,318 # CONMED Corp........................................ 251,543 11,983,509 #* Corcept Therapeutics, Inc.......................... 199,501 580,548 * Corvel Corp........................................ 268,208 8,834,772 * Cross Country Healthcare, Inc...................... 261,585 2,676,015 CryoLife, Inc...................................... 255,618 2,878,259 #* Cumberland Pharmaceuticals, Inc.................... 169,380 984,098 * Cutera, Inc........................................ 113,290 1,506,757 #* Cyberonics, Inc.................................... 164,849 9,160,659 #* Cynosure, Inc. Class A............................. 242,429 7,326,204 #* Cytokinetics, Inc.................................. 35,396 250,958 #* CytRx Corp......................................... 7,450 19,147 Daxor Corp......................................... 35,202 219,308 #* Depomed, Inc....................................... 195,685 3,575,165 * Derma Sciences, Inc................................ 800 6,880 Digirad Corp....................................... 104,281 432,766 #* Discovery Laboratories, Inc........................ 16,454 22,871 #* Durect Corp........................................ 108,261 101,765 #* Dynavax Technologies Corp.......................... 1,767 30,216 #* Emergent Biosolutions, Inc......................... 295,566 8,284,715 * Endo International P.L.C........................... 42,016 3,344,908 Ensign Group, Inc. (The)........................... 176,746 7,334,959 #* EnteroMedics, Inc.................................. 633 734 #* Enzo Biochem, Inc.................................. 274,131 863,513 * EPIRUS Biopharmaceuticals, Inc..................... 686 3,396 * ERBA Diagnostics, Inc.............................. 119 425 #* Exact Sciences Corp................................ 145,811 3,967,517 289 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Exactech, Inc...................................... 101,444 $ 2,109,021 #* ExamWorks Group, Inc............................... 140,779 5,203,192 * Fibrocell Science, Inc............................. 3,400 14,076 * Five Star Quality Care, Inc........................ 245,973 855,986 * Genesis Healthcare, Inc............................ 128,935 1,070,161 * Gentiva Health Services, Inc....................... 182,639 3,546,849 * Greatbatch, Inc.................................... 254,266 12,347,157 #* Hanger, Inc........................................ 279,931 6,040,911 * Harvard Apparatus Regenerative Technology, Inc..... 78,007 253,523 * Harvard Bioscience, Inc............................ 302,552 1,576,296 * HealthStream, Inc.................................. 130,831 3,697,284 #* Healthways, Inc.................................... 296,105 6,105,685 * Hooper Holmes, Inc................................. 524,907 251,955 * iCAD, Inc.......................................... 7,500 59,625 * ICU Medical, Inc................................... 154,291 12,895,642 #* Idera Pharmaceuticals, Inc......................... 288,928 1,305,955 #* IGI Laboratories, Inc.............................. 30,339 302,176 * Infinity Pharmaceuticals, Inc...................... 77,087 1,190,223 #* Insys Therapeutics, Inc............................ 36,855 1,760,932 * Integra LifeSciences Holdings Corp................. 71,579 3,988,382 Invacare Corp...................................... 272,428 3,991,070 #* IPC Healthcare, Inc................................ 131,074 5,290,147 #* Iridex Corp........................................ 28,807 260,703 Kewaunee Scientific Corp........................... 25,060 449,576 Kindred Healthcare, Inc............................ 493,616 9,112,151 #* La Jolla Pharmaceutical Co......................... 1,070 23,369 # Landauer, Inc...................................... 72,666 2,032,468 #* Lannett Co., Inc................................... 122,713 5,820,278 LeMaitre Vascular, Inc............................. 170,177 1,346,100 #* LHC Group, Inc..................................... 120,760 3,588,987 #* Ligand Pharmaceuticals, Inc. Class B............... 115,712 6,586,327 #* Luminex Corp....................................... 81,605 1,440,328 #* Magellan Health, Inc............................... 2,509 150,841 * Masimo Corp........................................ 166,071 4,238,132 #* Mast Therapeutics, Inc............................. 72,438 31,655 * MedAssets, Inc..................................... 588,234 10,888,211 o* MedCath Corp....................................... 92,602 -- * Medicines Co. (The)................................ 12,957 371,477 #* MediciNova, Inc.................................... 75,542 285,549 * Merge Healthcare, Inc.............................. 62,551 231,439 # Meridian Bioscience, Inc........................... 174,079 3,011,567 * Merit Medical Systems, Inc......................... 439,144 6,732,078 * MGC Diagnostics Corp............................... 1,294 9,278 #* MiMedx Group, Inc.................................. 1,480 12,069 * Misonix, Inc....................................... 62,750 838,968 #* Momenta Pharmaceuticals, Inc....................... 327,726 3,529,609 # National Healthcare Corp........................... 104,123 6,556,625 # National Research Corp. Class A.................... 201,717 2,793,780 # National Research Corp. Class B.................... 33,719 1,164,991 * Natus Medical, Inc................................. 338,929 12,743,730 * Neogen Corp........................................ 53,290 2,456,669 #* Northwest Biotherapeutics, Inc..................... 4,397 27,877 * NuVasive, Inc...................................... 346,328 16,041,913 290 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) * Omnicell, Inc...................................... 318,991 $10,153,484 #* OncoGenex Pharmaceuticals, Inc..................... 16,093 32,347 #* OraSure Technologies, Inc.......................... 97,370 894,830 * Orthofix International NV.......................... 124,396 3,794,078 #* Pacific Biosciences of California, Inc............. 42,670 343,067 * Pain Therapeutics, Inc............................. 175,493 345,721 Paratek Pharmaceuticals, Inc....................... 7,364 181,891 #* PDI, Inc........................................... 162,636 253,712 # PDL BioPharma, Inc................................. 1,010,688 7,367,916 #* Pernix Therapeutics Holdings, Inc.................. 46,710 388,160 * PharMerica Corp.................................... 274,658 6,319,881 #* PhotoMedex, Inc.................................... 27,458 51,621 #* Pozen, Inc......................................... 160,262 1,107,410 * Prestige Brands Holdings, Inc...................... 340,551 11,667,277 #* Progenics Pharmaceuticals, Inc..................... 162,555 972,079 * ProPhase Labs, Inc................................. 56,585 89,970 * Providence Service Corp. (The)..................... 151,159 5,895,201 #* pSivida Corp....................................... 9,009 34,865 Psychemedics Corp.................................. 1,558 23,308 # Quality Systems, Inc............................... 212,596 3,463,189 #* Quidel Corp........................................ 170,304 4,008,956 #* RadNet, Inc........................................ 164,837 1,300,564 #* Receptos, Inc...................................... 17,462 1,923,789 #* Repligen Corp...................................... 376,756 9,151,403 #* Repros Therapeutics, Inc........................... 10,473 90,068 #* Retractable Technologies, Inc...................... 4,372 18,406 #* Rigel Pharmaceuticals, Inc......................... 262,956 544,319 #* RTI Surgical, Inc.................................. 400,369 1,785,646 #* RXi Pharmaceuticals Corp........................... 10 11 #* Sagent Pharmaceuticals, Inc........................ 50,898 1,306,552 * Sciclone Pharmaceuticals, Inc...................... 546,811 4,035,465 Select Medical Holdings Corp....................... 17,763 240,156 Simulations Plus, Inc.............................. 123,672 786,554 Span-America Medical Systems, Inc.................. 32,884 565,605 #* Special Diversified Opportunities, Inc............. 4,062 4,834 #* Spectrum Pharmaceuticals, Inc...................... 458,220 3,207,540 #* Staar Surgical Co.................................. 8,204 49,224 * StemCells, Inc..................................... 11,628 13,256 #* Stereotaxis, Inc................................... 10,471 17,382 #* Sucampo Pharmaceuticals, Inc. Class A.............. 137,095 2,064,651 #* SurModics, Inc..................................... 150,040 3,438,917 * Symmetry Surgical, Inc............................. 72,365 521,028 #* Targacept, Inc..................................... 65,625 164,719 * TG Therapeutics, Inc............................... 2,458 35,002 * Tonix Pharmaceuticals Holding Corp................. 3,000 18,090 * Tornier NV......................................... 125,623 3,036,308 #* Triple-S Management Corp. Class B.................. 130,117 3,133,217 * Universal American Corp............................ 549,166 4,958,969 * Uroplasty, Inc..................................... 12,179 14,980 US Physical Therapy, Inc........................... 113,172 4,389,942 # Utah Medical Products, Inc......................... 48,415 2,744,646 #* Vascular Solutions, Inc............................ 160,231 4,367,897 * Verastem, Inc...................................... 3,107 22,681 291 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) * Vical, Inc......................................... 9,524 $ 9,905 * Vocera Communications, Inc......................... 2,800 25,088 #* Volcano Corp....................................... 38,355 689,239 #* Wright Medical Group, Inc.......................... 317,305 7,745,415 #* XenoPort, Inc...................................... 4,355 36,277 ------------ Total Health Care...................................... 500,773,638 ------------ Industrials -- (15.9%) # AAON, Inc.......................................... 619,422 13,509,594 AAR Corp........................................... 299,926 8,595,879 ABM Industries, Inc................................ 59,600 1,720,652 # Acacia Research Corp............................... 44,214 553,559 * ACCO Brands Corp................................... 474,714 3,759,735 * Accuride Corp...................................... 80,645 354,838 Aceto Corp......................................... 295,256 5,727,966 Acme United Corp................................... 30,407 577,733 * Active Power, Inc.................................. 65,376 118,331 Actuant Corp. Class A.............................. 4,876 112,684 #* Adept Technology, Inc.............................. 106,218 987,827 #* Aegion Corp........................................ 327,219 5,012,995 #* AeroCentury Corp................................... 9,017 73,038 #* Aerovironment, Inc................................. 255,667 6,542,519 * Air Transport Services Group, Inc.................. 352,487 2,936,217 # Aircastle, Ltd..................................... 224,541 4,504,292 Alamo Group, Inc................................... 89,517 4,032,741 Albany International Corp. Class A................. 242,383 8,272,532 Allied Motion Technologies, Inc.................... 39,960 895,903 # Altra Industrial Motion Corp....................... 258,183 6,596,576 #* Ameresco, Inc. Class A............................. 104,747 610,675 # American Railcar Industries, Inc................... 178,444 8,957,889 # American Science & Engineering, Inc................ 66,597 3,090,101 #* American Superconductor Corp....................... 58,302 40,811 * American Woodmark Corp............................. 143,798 5,914,412 #* AMREP Corp......................................... 66,450 252,510 Apogee Enterprises, Inc............................ 326,251 14,113,618 * ARC Document Solutions, Inc........................ 283,210 2,597,036 # ArcBest Corp....................................... 195,777 7,294,651 Argan, Inc......................................... 79,438 2,415,710 #* Arotech Corp....................................... 120,037 273,684 * Art's-Way Manufacturing Co., Inc................... 200 966 Astec Industries, Inc.............................. 179,204 6,372,494 * Astronics Corp..................................... 131,349 7,314,826 #* Astronics Corp. Class B............................ 53,474 2,994,544 #* Atlas Air Worldwide Holdings, Inc.................. 77,753 3,514,436 * Avalon Holdings Corp. Class A...................... 20,575 62,342 AZZ, Inc........................................... 253,010 10,674,492 # Baltic Trading, Ltd................................ 142,473 230,806 # Barrett Business Services, Inc..................... 79,005 2,421,503 * Beacon Roofing Supply, Inc......................... 40,172 951,675 * Blount International, Inc.......................... 532,321 8,250,976 #* BlueLinx Holdings, Inc............................. 184,488 191,868 Brady Corp. Class A................................ 49,948 1,307,139 * Breeze-Eastern Corp................................ 98,241 987,322 292 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # Briggs & Stratton Corp............................. 411,081 $ 7,568,001 # Brink's Co. (The).................................. 83,662 1,874,865 * Broadwind Energy, Inc.............................. 890 4,343 #* Builders FirstSource, Inc.......................... 130,057 769,937 #* CAI International, Inc............................. 137,173 2,876,518 #* Casella Waste Systems, Inc. Class A................ 102,612 390,952 #* CBIZ, Inc.......................................... 611,931 5,066,789 CDI Corp........................................... 106,490 1,809,265 Ceco Environmental Corp............................ 152,548 2,092,959 Celadon Group, Inc................................. 220,534 5,255,325 #* Cenveo, Inc........................................ 30,639 60,359 # Chicago Rivet & Machine Co......................... 17,700 540,204 CIRCOR International, Inc.......................... 148,699 7,344,244 Columbus McKinnon Corp............................. 170,208 4,263,710 Comfort Systems USA, Inc........................... 322,502 5,369,658 * Command Security Corp.............................. 17,842 39,431 * Commercial Vehicle Group, Inc...................... 143,142 791,575 Compx International, Inc........................... 18,270 197,133 Conrad Industries, Inc............................. 18,700 570,537 Courier Corp....................................... 119,739 2,810,274 * Covenant Transportation Group, Inc. Class A........ 100,380 2,840,754 #* CPI Aerostructures, Inc............................ 48,356 568,183 * CRA International, Inc............................. 101,190 2,988,141 #* CTPartners Executive Search, Inc................... 11,440 62,691 Cubic Corp......................................... 24,016 1,255,797 Douglas Dynamics, Inc.............................. 197,455 3,986,616 * Ducommun, Inc...................................... 96,423 2,504,105 * DXP Enterprises, Inc............................... 105,583 4,331,015 * Dycom Industries, Inc.............................. 305,147 9,401,579 # Dynamic Materials Corp............................. 80,527 1,140,262 Eastern Co. (The).................................. 55,897 1,057,571 #* Echo Global Logistics, Inc......................... 131,275 3,465,660 Ecology and Environment, Inc. Class A.............. 19,292 189,062 Encore Wire Corp................................... 208,881 6,398,025 #* Energy Recovery, Inc............................... 244,812 807,880 * Engility Holdings, Inc............................. 69,833 2,786,337 Ennis, Inc......................................... 218,769 2,918,378 * EnPro Industries, Inc.............................. 224,181 13,300,659 * Environmental Tectonics Corp....................... 60,400 102,680 EnviroStar, Inc.................................... 33,694 80,192 ESCO Technologies, Inc............................. 167,999 6,051,324 Espey Manufacturing & Electronics Corp............. 35,187 943,363 Exponent, Inc...................................... 136,989 10,978,298 Federal Signal Corp................................ 582,494 8,894,683 Forward Air Corp................................... 269,062 12,080,884 * Franklin Covey Co.................................. 167,391 3,024,755 FreightCar America, Inc............................ 94,792 2,212,445 #* FTI Consulting, Inc................................ 18,982 771,998 #* Fuel Tech, Inc..................................... 136,361 440,446 * Furmanite Corp..................................... 363,588 2,665,100 G&K Services, Inc. Class A......................... 174,814 12,254,461 * Gencor Industries, Inc............................. 15,936 145,814 #* GenCorp, Inc....................................... 240,744 4,044,499 293 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # General Cable Corp................................. 79,221 $ 906,288 * Gibraltar Industries, Inc.......................... 274,665 4,158,428 Global Brass & Copper Holdings, Inc................ 14,122 185,422 # Global Power Equipment Group, Inc.................. 42,600 525,258 #* Goldfield Corp. (The).............................. 44,025 99,937 # Gorman-Rupp Co. (The).............................. 245,609 7,002,313 * GP Strategies Corp................................. 159,936 5,338,664 #* GrafTech International, Ltd........................ 314,334 1,141,032 Graham Corp........................................ 70,167 1,451,755 # Granite Construction, Inc.......................... 203,117 6,922,227 #* Great Lakes Dredge & Dock Corp..................... 455,848 3,541,939 # Greenbrier Cos., Inc. (The)........................ 226,534 11,763,911 # Griffon Corp....................................... 413,453 6,073,625 H&E Equipment Services, Inc........................ 355,622 6,237,610 Hardinge, Inc...................................... 96,286 1,098,623 Harsco Corp........................................ 12,387 182,832 #* Hawaiian Holdings, Inc............................. 472,976 9,194,653 #* HC2 Holdings, Inc.................................. 87,300 651,258 Heidrick & Struggles International, Inc............ 155,954 3,455,941 #* Heritage-Crystal Clean, Inc........................ 18,365 234,154 * Hill International, Inc............................ 318,662 1,217,289 Houston Wire & Cable Co............................ 192,138 2,126,968 * Hub Group, Inc. Class A............................ 54,807 1,830,554 * Hudson Global, Inc................................. 216,487 530,393 * Hudson Technologies, Inc........................... 20,484 69,031 Hurco Cos., Inc.................................... 55,714 1,954,447 * Huron Consulting Group, Inc........................ 174,411 13,119,195 * Huttig Building Products, Inc...................... 161,870 517,984 Hyster-Yale Materials Handling, Inc................ 79,332 4,970,150 * ICF International, Inc............................. 119,167 4,452,079 #* InnerWorkings, Inc................................. 165,757 850,333 #* Innovative Solutions & Support, Inc................ 139,210 548,487 # Insperity, Inc..................................... 222,433 9,328,840 Insteel Industries, Inc............................ 107,367 2,192,434 * Integrated Electrical Services, Inc................ 143,537 1,049,256 * Intelligent Systems Corp........................... 4,600 9,430 Interface, Inc..................................... 602,165 9,460,012 # International Shipholding Corp..................... 58,108 973,890 # Intersections, Inc................................. 151,724 518,896 John Bean Technologies Corp........................ 251,873 7,604,046 * JPS Industries, Inc................................ 24,500 234,955 Kadant, Inc........................................ 97,610 3,879,021 # Kaman Corp......................................... 240,622 9,148,448 Kelly Services, Inc. Class A....................... 272,727 4,609,086 Kelly Services, Inc. Class B....................... 635 10,817 * Key Technology, Inc................................ 49,705 636,224 #* KEYW Holding Corp. (The)........................... 1,585 14,091 Kforce, Inc........................................ 393,634 9,211,036 Kimball International, Inc. Class B................ 236,024 2,046,328 # Knight Transportation, Inc......................... 7,396 210,712 Knoll, Inc......................................... 429,947 8,809,614 * Korn/Ferry International........................... 448,229 12,774,527 #* Kratos Defense & Security Solutions, Inc........... 325,796 1,583,369 294 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * Lawson Products, Inc............................... 82,104 $ 2,019,758 #* Layne Christensen Co............................... 144,893 1,172,184 LB Foster Co. Class A.............................. 101,558 4,814,865 # Lindsay Corp....................................... 111,366 9,624,250 #* LMI Aerospace, Inc................................. 99,867 1,418,111 LS Starrett Co. (The) Class A...................... 51,344 1,107,490 LSI Industries, Inc................................ 200,252 1,469,850 * Luna Innovations, Inc.............................. 17,526 29,444 * Lydall, Inc........................................ 141,870 3,908,519 * Magnetek, Inc...................................... 29,811 1,178,131 #* Manitex International, Inc......................... 6,450 70,563 # Marten Transport, Ltd.............................. 305,610 6,249,725 #* Mastech Holdings, Inc.............................. 14,852 154,609 Matson, Inc........................................ 213,058 7,403,766 Matthews International Corp. Class A............... 163,971 7,596,776 # McGrath RentCorp................................... 228,875 6,953,223 * Meritor, Inc....................................... 1,047,236 13,404,621 * Mfri, Inc.......................................... 57,134 318,808 # Miller Industries, Inc............................. 80,410 1,624,282 * Mistras Group, Inc................................. 128,706 2,586,991 Mueller Water Products, Inc. Class A............... 1,550,388 15,860,469 # Multi-Color Corp................................... 113,922 6,632,539 * MYR Group, Inc..................................... 172,128 4,308,364 # National Presto Industries, Inc.................... 40,703 2,564,289 * Navigant Consulting, Inc........................... 302,432 4,364,094 * NCI Building Systems, Inc.......................... 46,789 721,954 NL Industries, Inc................................. 236,934 1,660,907 NN, Inc............................................ 162,727 3,750,857 #* Nortek, Inc........................................ 6,954 530,799 #* Northwest Pipe Co.................................. 87,332 2,089,855 #* Odyssey Marine Exploration, Inc.................... 428,042 423,762 # Omega Flex, Inc.................................... 100,238 3,144,466 * On Assignment, Inc................................. 17,379 610,524 * Orbit International Corp........................... 2,185 6,992 * Orbital Sciences Corp.............................. 297,645 8,360,848 #* Orion Energy Systems, Inc.......................... 43,964 199,157 #* Orion Marine Group, Inc............................ 104,146 950,853 * PAM Transportation Services, Inc................... 85,598 4,956,124 # Park-Ohio Holdings Corp............................ 99,892 5,337,230 * Patrick Industries, Inc............................ 85,730 3,686,390 * Paul Mueller Co.................................... 10,813 510,914 * Pendrell Corp...................................... 126,908 164,980 #* Performant Financial Corp.......................... 280,600 1,391,776 * PGT, Inc........................................... 306,133 2,629,683 #* Plug Power, Inc.................................... 881 2,352 #* Ply Gem Holdings, Inc.............................. 36,264 456,926 #* PMFG, Inc.......................................... 96,678 465,021 # Powell Industries, Inc............................. 110,830 4,323,478 #* Power Solutions International, Inc................. 900 39,798 #* PowerSecure International, Inc..................... 234,183 2,201,320 # Preformed Line Products Co......................... 51,141 2,445,051 Primoris Services Corp............................. 355,053 6,667,895 Providence and Worcester Railroad Co............... 18,747 345,882 295 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Quad/Graphics, Inc................................. 33,084 $ 663,003 * Quality Distribution, Inc.......................... 184,755 1,540,857 Quanex Building Products Corp...................... 314,643 5,924,728 #* Radiant Logistics, Inc............................. 800 3,848 # Raven Industries, Inc.............................. 395,001 8,468,821 RBC Bearings, Inc.................................. 157,388 9,134,800 RCM Technologies, Inc.............................. 111,638 660,897 * Republic Airways Holdings, Inc..................... 319,054 4,390,183 Resources Connection, Inc.......................... 277,501 4,634,267 * Roadrunner Transportation Systems, Inc............. 202,519 4,115,186 * RPX Corp........................................... 254,920 3,148,262 #* Rush Enterprises, Inc. Class A..................... 242,146 6,780,088 * Rush Enterprises, Inc. Class B..................... 114,868 3,118,666 * Saia, Inc.......................................... 261,516 11,012,439 * Servotronics, Inc.................................. 24,804 158,746 SIFCO Industries, Inc.............................. 45,608 1,322,176 Simpson Manufacturing Co., Inc..................... 1,078 35,186 SkyWest, Inc....................................... 356,441 4,473,335 * SL Industries, Inc................................. 54,167 2,315,639 SmartPros, Ltd..................................... 38,973 58,070 #* SP Plus Corp....................................... 168,274 3,755,876 * Sparton Corp....................................... 51,406 1,207,013 #* Standard Register Co. (The)........................ 46,975 73,751 Standex International Corp......................... 109,468 7,672,612 #* Sterling Construction Co., Inc..................... 115,702 401,486 # Sun Hydraulics Corp................................ 229,943 8,333,134 Supreme Industries, Inc. Class A................... 106,580 821,732 # TAL International Group, Inc....................... 37,824 1,537,546 #* Taser International, Inc........................... 577,211 15,590,469 * Team, Inc.......................................... 171,486 6,540,476 * Tecumseh Products Co............................... 129,417 458,136 * Tel-Instrument Electronics Corp.................... 18,440 94,228 Tennant Co......................................... 167,046 10,893,070 Tetra Tech, Inc.................................... 6,074 139,884 * Thermon Group Holdings, Inc........................ 103,810 2,122,915 # Titan International, Inc........................... 412,777 3,690,226 #* Titan Machinery, Inc............................... 153,783 2,172,954 #* Transcat, Inc...................................... 42,500 387,175 * TRC Cos., Inc...................................... 200,030 1,382,207 #* Trex Co., Inc...................................... 208,473 8,866,357 * Trimas Corp........................................ 241,551 6,519,462 * TrueBlue, Inc...................................... 420,986 9,286,951 * Tutor Perini Corp.................................. 249,999 5,427,478 # Twin Disc, Inc..................................... 90,352 1,454,667 * Ultralife Corp..................................... 106,484 356,721 #* Ultrapetrol Bahamas, Ltd........................... 6,299 10,141 # United Stationers, Inc............................. 262 10,561 Universal Forest Products, Inc..................... 157,209 7,869,883 Universal Truckload Services, Inc.................. 78,668 1,853,418 # US Ecology, Inc.................................... 201,878 8,369,862 #* USA Truck, Inc..................................... 67,735 1,883,033 #* UTi Worldwide, Inc................................. 140,007 1,661,883 #* Veritiv Corp....................................... 2,175 110,642 296 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) * Versar, Inc........................................ 44,956 $ 137,116 Viad Corp.......................................... 165,832 4,474,147 #* Vicor Corp......................................... 259,789 2,797,928 * Virco Manufacturing Corp........................... 133,476 320,342 * Volt Information Sciences, Inc..................... 188,964 2,369,609 # VSE Corp........................................... 33,676 2,437,132 #* Wabash National Corp............................... 700,729 8,738,091 #* Wesco Aircraft Holdings, Inc....................... 14,542 189,628 #* Willdan Group, Inc................................. 20,978 293,482 * Willis Lease Finance Corp.......................... 76,317 1,576,709 #* Xerium Technologies, Inc........................... 7,503 115,471 #* XPO Logistics, Inc................................. 99,440 3,658,398 * YRC Worldwide, Inc................................. 23,749 376,659 ------------ Total Industrials...................................... 912,081,018 ------------ Information Technology -- (15.6%) #* Acorn Energy, Inc.................................. 12,138 6,312 * Actua Corp......................................... 367,048 5,909,473 * Acxiom Corp........................................ 16,122 293,420 * ADDvantage Technologies Group, Inc................. 84,703 196,511 # ADTRAN, Inc........................................ 261,262 5,776,503 * Advanced Energy Industries, Inc.................... 453,402 10,881,648 # Advent Software, Inc............................... 9,280 388,368 * Aehr Test Systems.................................. 42,505 113,063 #* Agilysys, Inc...................................... 199,767 2,073,581 # Alliance Fiber Optic Products, Inc................. 23,083 334,242 #* Alpha & Omega Semiconductor, Ltd................... 78,731 690,471 American Software, Inc. Class A.................... 224,049 1,857,366 * Amkor Technology, Inc.............................. 412,500 2,619,375 * Amtech Systems, Inc................................ 74,283 606,892 #* ANADIGICS, Inc..................................... 384,736 415,515 Astro-Med, Inc..................................... 58,981 863,187 #* Audience, Inc...................................... 18,045 72,902 * Autobytel, Inc..................................... 78,058 761,066 * AVG Technologies NV................................ 235,288 4,653,997 #* Aviat Networks, Inc................................ 325,838 417,073 #* Avid Technology, Inc............................... 199,073 2,579,986 Aware, Inc......................................... 143,064 698,152 #* Axcelis Technologies, Inc.......................... 840,680 2,017,632 * AXT, Inc........................................... 285,511 793,721 # Badger Meter, Inc.................................. 151,777 9,085,371 #* Bazaarvoice, Inc................................... 24,967 207,476 # Bel Fuse, Inc. Class A............................. 33,988 703,552 Bel Fuse, Inc. Class B............................. 91,949 2,162,640 * Benchmark Electronics, Inc......................... 15,515 375,928 Black Box Corp..................................... 143,003 3,004,493 #* Blackhawk Network Holdings, Inc.................... 2,419 80,698 * Blackhawk Network Holdings, Inc. Class B........... 35,898 1,188,583 * Blonder Tongue Laboratories........................ 55,651 92,937 #* Blucora, Inc....................................... 401,099 5,422,858 o* Bogen Corp......................................... 33,103 -- #* Bottomline Technologies de, Inc.................... 239,784 5,939,450 #* BroadVision, Inc................................... 16,737 100,924 297 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Brooks Automation, Inc............................. 511,273 $ 6,600,534 * Bsquare Corp....................................... 86,633 383,784 * BTU International, Inc............................. 74,894 196,971 * Cabot Microelectronics Corp........................ 243,260 12,019,477 #* CalAmp Corp........................................ 291,417 5,219,278 * Calix, Inc......................................... 347,254 3,333,638 #* Cardtronics, Inc................................... 18,270 614,055 * Cartesian, Inc..................................... 24,412 101,310 * Cascade Microtech, Inc............................. 108,205 1,456,439 # Cass Information Systems, Inc...................... 57,911 2,537,660 #* Ceva, Inc.......................................... 152,826 2,798,244 * Checkpoint Systems, Inc............................ 226,088 2,930,100 * ChyronHego Corp.................................... 315 880 #* Ciber, Inc......................................... 432,789 1,397,908 #* Cirrus Logic, Inc.................................. 456,859 12,106,763 #* Clearfield, Inc.................................... 101,538 1,196,118 * Coherent, Inc...................................... 21,199 1,311,794 Cohu, Inc.......................................... 167,902 1,902,330 o* Commerce One, LLC.................................. 4,800 -- Communications Systems, Inc........................ 79,847 818,432 Computer Task Group, Inc........................... 174,468 1,411,446 * comScore, Inc...................................... 26,879 1,117,091 Comtech Telecommunications Corp.................... 143,804 4,751,284 * Comverse, Inc...................................... 54,705 942,567 Concurrent Computer Corp........................... 34,201 215,466 #* Constant Contact, Inc.............................. 200,637 7,588,091 #* Cray, Inc.......................................... 306,018 9,942,525 #* Crexendo, Inc...................................... 95,326 136,316 # CSG Systems International, Inc..................... 316,817 7,768,353 CSP, Inc........................................... 49,891 353,228 CTS Corp........................................... 264,615 4,233,840 #* CVD Equipment Corp................................. 31,867 447,413 * CyberOptics Corp................................... 56,931 621,117 Daktronics, Inc.................................... 305,312 3,779,763 * Data I/O Corp...................................... 77,000 242,550 #* Datalink Corp...................................... 132,389 1,503,939 #* Dataram Corp....................................... 43 104 #* Datawatch Corp..................................... 18,488 108,525 #* Demand Media, Inc.................................. 51,617 209,049 * Dice Holdings, Inc................................. 556,222 4,599,956 * Digi International, Inc............................ 232,968 2,224,844 # Digimarc Corp...................................... 39,275 1,061,211 #* Digital River, Inc................................. 101,216 2,584,044 * Diodes, Inc........................................ 228,617 6,042,347 * Dot Hill Systems Corp.............................. 562,345 2,344,979 * DSP Group, Inc..................................... 237,764 2,613,026 * DTS, Inc........................................... 179,751 4,982,698 EarthLink Holdings Corp............................ 764,050 3,224,291 * Eastman Kodak Co................................... 400 7,204 # Ebix, Inc.......................................... 244,088 5,577,411 #* Echelon Corp....................................... 175,402 245,563 * Edgewater Technology, Inc.......................... 87,868 619,469 Electro Rent Corp.................................. 236,631 3,050,174 298 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) # Electro Scientific Industries, Inc................. 127,020 $ 796,415 * Electro-Sensors, Inc............................... 3,450 14,111 * Electronics for Imaging, Inc....................... 283,561 10,959,633 #* Ellie Mae, Inc..................................... 97,229 4,301,411 #* eMagin Corp........................................ 52,807 155,781 #* Emcore Corp........................................ 175,541 907,547 * Emulex Corp........................................ 513,860 3,216,764 #* EnerNOC, Inc....................................... 260,532 4,486,361 * Entegris, Inc...................................... 764,909 9,943,817 #* Entropic Communications, Inc....................... 554,265 1,435,546 * Envestnet, Inc..................................... 111,363 5,731,854 #* Envivio, Inc....................................... 10,076 14,106 EPIQ Systems, Inc.................................. 284,090 4,957,370 * ePlus, Inc......................................... 55,006 3,709,605 * Euronet Worldwide, Inc............................. 9,310 422,581 Evolving Systems, Inc.............................. 35,800 320,410 #* Exar Corp.......................................... 427,485 3,855,915 * ExlService Holdings, Inc........................... 269,676 7,923,081 #* Extreme Networks, Inc.............................. 666,754 1,960,257 * Fabrinet........................................... 186,043 3,038,082 * FalconStor Software, Inc........................... 272,701 376,327 * FARO Technologies, Inc............................. 159,433 8,824,617 * FormFactor, Inc.................................... 241,867 1,826,096 Forrester Research, Inc............................ 254,057 9,588,111 * Frequency Electronics, Inc......................... 74,860 853,778 #* Giga-tronics, Inc.................................. 27,752 52,729 * GigOptix, Inc...................................... 17,808 20,479 * Global Cash Access Holdings, Inc................... 652,189 4,310,969 Globalscape, Inc................................... 10,430 24,198 * GSE Systems, Inc................................... 127,249 211,233 * GSI Group, Inc..................................... 101,419 1,340,759 * GSI Technology, Inc................................ 78,753 398,490 * GTT Communications, Inc............................ 51,304 590,509 #* Guidance Software, Inc............................. 9,913 65,029 Hackett Group, Inc. (The).......................... 378,735 2,870,811 * Harmonic, Inc...................................... 913,069 6,984,978 # Heartland Payment Systems, Inc..................... 335,384 16,692,062 #* Higher One Holdings, Inc........................... 226,945 751,188 #* Hutchinson Technology, Inc......................... 240,837 840,521 * ID Systems, Inc.................................... 55,135 363,340 * Identiv, Inc....................................... 19,515 246,084 * IEC Electronics Corp............................... 39,059 174,984 * iGATE Corp......................................... 129,948 4,600,159 * II-VI, Inc......................................... 90,334 1,552,841 #* Imation Corp....................................... 190,372 715,799 #* Immersion Corp..................................... 70,349 661,984 #* Infinera Corp...................................... 832,336 13,417,256 * Innodata, Inc...................................... 217,125 620,978 #* Inphi Corp......................................... 88,825 1,740,970 * Insight Enterprises, Inc........................... 383,454 9,076,356 * Integrated Device Technology, Inc.................. 922,937 16,880,518 Integrated Silicon Solution, Inc................... 225,781 3,630,558 #* Intellicheck Mobilisa, Inc......................... 3,776 5,551 299 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Interactive Intelligence Group, Inc................ 32,654 $ 1,324,446 # InterDigital, Inc.................................. 35,831 1,790,833 #* Internap Corp...................................... 556,014 4,681,638 * Internet Patents Corp.............................. 12,966 35,138 * Interphase Corp.................................... 29,534 60,840 Intersil Corp. Class A............................. 79,537 1,138,174 * inTEST Corp........................................ 84,141 356,758 #* Intevac, Inc....................................... 172,020 1,118,130 * IntraLinks Holdings, Inc........................... 119,745 1,276,482 * IntriCon Corp...................................... 53,872 398,653 #* Inuvo, Inc......................................... 1,309 1,676 #* iPass, Inc......................................... 359,925 464,303 * Iteris, Inc........................................ 52,380 94,284 #* Itron, Inc......................................... 9,129 339,690 #* Ixia............................................... 534,263 5,417,427 # IXYS Corp.......................................... 301,374 3,405,526 #* Kemet Corp......................................... 246,930 938,334 * Key Tronic Corp.................................... 23,306 214,881 * Kimball Electronics, Inc........................... 179,364 1,825,926 * Kofax, Ltd......................................... 73,669 507,579 #* Kopin Corp......................................... 661,840 2,415,716 * Kulicke & Soffa Industries, Inc.................... 612,723 9,295,008 #* KVH Industries, Inc................................ 156,778 1,897,014 * Lantronix, Inc..................................... 45 86 * Lattice Semiconductor Corp......................... 1,311,062 9,347,872 #* LGL Group, Inc. (The).............................. 29,250 111,150 #* Lightpath Technologies, Inc. Class A............... 8,650 10,294 * Limelight Networks, Inc............................ 679,953 1,808,675 #* Lionbridge Technologies, Inc....................... 390,385 1,944,117 #* LoJack Corp........................................ 174,726 370,419 * M/A-COM Technology Solutions Holdings, Inc......... 8,609 279,879 * Magnachip Semiconductor Corp....................... 312,485 4,493,534 * Manhattan Associates, Inc.......................... 363,396 16,221,997 # ManTech International Corp. Class A................ 86,922 2,827,573 # Marchex, Inc. Class B.............................. 148,124 564,352 * Marin Software, Inc................................ 1,600 10,592 #* Mattersight Corp................................... 71,031 394,222 * Mattson Technology, Inc............................ 69,078 227,267 * MaxLinear, Inc. Class A............................ 12,922 104,022 #* Maxwell Technologies, Inc.......................... 255,622 2,034,751 #* MeetMe, Inc........................................ 6,965 11,283 * Mercury Systems, Inc............................... 219,929 3,470,480 # Mesa Laboratories, Inc............................. 31,482 2,397,984 Methode Electronics, Inc........................... 458,282 16,576,060 Micrel, Inc........................................ 582,731 8,199,025 #* Millennial Media, Inc.............................. 27,200 36,720 MOCON, Inc......................................... 62,606 1,086,214 #* ModusLink Global Solutions, Inc.................... 200,546 723,971 #* MoneyGram International, Inc....................... 53,125 452,625 Monolithic Power Systems, Inc...................... 264,838 12,577,157 Monotype Imaging Holdings, Inc..................... 336,001 9,858,269 #* Monster Worldwide, Inc............................. 681,583 2,814,938 #* MoSys, Inc......................................... 154,045 309,630 300 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * MRV Communications, Inc............................ 60,544 $ 617,549 # MTS Systems Corp................................... 165,768 11,981,711 * Multi-Fineline Electronix, Inc..................... 172,743 2,247,386 #* Nanometrics, Inc................................... 197,911 3,075,537 * NAPCO Security Technologies, Inc................... 307,597 1,528,757 * NCI, Inc. Class A.................................. 49,172 605,799 * NeoPhotonics Corp.................................. 10,584 31,752 * NETGEAR, Inc....................................... 107,124 3,617,577 #* Netscout Systems, Inc.............................. 359,340 12,900,306 * Newport Corp....................................... 353,500 6,546,820 NIC, Inc........................................... 509,745 8,370,013 #* Novatel Wireless, Inc.............................. 192,218 1,014,911 #* Numerex Corp. Class A.............................. 72,177 756,415 #* Oclaro, Inc........................................ 329,214 470,776 * OmniVision Technologies, Inc....................... 451,533 12,209,452 * Omtool, Ltd........................................ 30,770 66,925 #* Onvia, Inc......................................... 6,308 29,206 Optical Cable Corp................................. 55,836 290,906 * OSI Systems, Inc................................... 154,185 10,789,866 * PAR Technology Corp................................ 131,950 757,393 Park Electrochemical Corp.......................... 187,617 4,073,165 #* Parkervision, Inc.................................. 156,179 159,303 PC Connection, Inc................................. 102,863 2,442,996 PC-Tel, Inc........................................ 181,804 1,525,336 * PCM, Inc........................................... 115,111 1,093,555 * PDF Solutions, Inc................................. 182,151 3,027,350 Pegasystems, Inc................................... 18,204 356,252 Perceptron, Inc.................................... 58,089 622,133 * Perficient, Inc.................................... 276,894 4,984,092 * Pericom Semiconductor Corp......................... 211,611 3,091,637 #* Pfsweb, Inc........................................ 24,219 283,847 #* Photronics, Inc.................................... 436,425 3,665,970 #* Planar Systems, Inc................................ 187,376 1,371,592 * Plexus Corp........................................ 185,145 7,015,144 * PMC-Sierra, Inc.................................... 784,418 6,934,255 Power Integrations, Inc............................ 19,560 1,008,905 #* PRGX Global, Inc................................... 137,467 713,454 #* Procera Networks, Inc.............................. 72,630 637,691 * Progress Software Corp............................. 177,643 4,449,957 QAD, Inc. Class A.................................. 125,564 2,428,408 QAD, Inc. Class B.................................. 31,205 540,159 * QLogic Corp........................................ 346,502 4,629,267 * Qorvo, Inc......................................... 346,827 25,620,110 * Qualstar Corp...................................... 90,434 128,416 #* Quantum Corp....................................... 167,171 264,130 #* QuinStreet, Inc.................................... 53,648 274,678 * Qumu Corp.......................................... 85,784 1,218,133 #* Radisys Corp....................................... 200,806 465,870 #* Rambus, Inc........................................ 712,043 8,010,484 #* RealD, Inc......................................... 168,429 1,827,455 * RealNetworks, Inc.................................. 364,681 2,563,707 #* RealPage, Inc...................................... 4,325 77,893 Reis, Inc.......................................... 84,439 1,899,878 301 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Relm Wireless Corp................................. 40,346 $ 215,044 #* Remark Media, Inc.................................. 1,102 4,904 #* Research Frontiers, Inc............................ 6,000 30,180 # RF Industries, Ltd................................. 56,930 255,616 Richardson Electronics, Ltd........................ 130,504 1,222,822 #* Rightside Group, Ltd............................... 38,026 300,405 * Rofin-Sinar Technologies, Inc...................... 165,034 4,442,715 * Rogers Corp........................................ 128,395 9,483,255 #* Rosetta Stone, Inc................................. 136,464 1,230,905 #* Rubicon Technology, Inc............................ 107,403 446,796 #* Rudolph Technologies, Inc.......................... 307,601 3,085,238 #* Saba Software, Inc................................. 22,758 219,387 * Sanmina Corp....................................... 291,288 6,169,480 * ScanSource, Inc.................................... 227,841 7,855,958 * SciQuest, Inc...................................... 4,634 65,895 * Seachange International, Inc....................... 304,166 2,147,412 #* Selectica, Inc..................................... 26,569 122,749 #* ServiceSource International, Inc................... 47,545 159,276 #* Sevcon, Inc........................................ 56,400 419,052 * ShoreTel, Inc...................................... 301,933 2,137,686 * Sigma Designs, Inc................................. 281,321 1,789,202 * Sigmatron International, Inc....................... 18,200 107,744 #* Silicon Graphics International Corp................ 53,767 507,023 * Silicon Image, Inc................................. 684,681 4,970,784 * SMTC Corp.......................................... 16,231 26,943 #* Sonic Foundry, Inc................................. 23,066 194,677 * Sonus Networks, Inc................................ 337,047 6,430,853 * Spansion, Inc. Class A............................. 416,332 14,763,133 #* Speed Commerce, Inc................................ 211,174 502,594 * Stamps.com, Inc.................................... 132,175 6,023,215 * StarTek, Inc....................................... 131,000 1,235,330 * Super Micro Computer, Inc.......................... 381,900 13,966,083 * support.com, Inc................................... 313,284 614,037 * Sykes Enterprises, Inc............................. 319,112 7,186,402 #* Synchronoss Technologies, Inc...................... 147,575 6,267,510 * Technical Communications Corp...................... 7,300 31,098 * TechTarget, Inc.................................... 20,157 222,735 * TeleCommunication Systems, Inc. Class A............ 374,387 1,059,515 #* Telenav, Inc....................................... 159,518 1,033,677 * TeleTech Holdings, Inc............................. 151,715 3,346,833 # Tessco Technologies, Inc........................... 63,542 1,439,226 Tessera Technologies, Inc.......................... 397,724 14,747,606 TheStreet, Inc..................................... 233,363 485,395 * TiVo, Inc.......................................... 295,008 3,085,784 # Transact Technologies, Inc......................... 90,009 535,554 #* Travelzoo, Inc..................................... 46,830 401,801 * Trio Tech International............................ 3,392 10,040 * TSR, Inc........................................... 60,552 257,346 #* TTM Technologies, Inc.............................. 298,345 2,073,498 * Ultra Clean Holdings, Inc.......................... 161,422 1,420,514 #* Ultratech, Inc..................................... 267,397 4,262,308 * Unisys Corp........................................ 561,832 12,320,976 * United Online, Inc................................. 129,496 1,709,347 302 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) #* Universal Display Corp............................. 4,733 $ 150,793 #* Universal Security Instruments, Inc................ 2,177 13,454 * Unwired Planet, Inc................................ 137,239 135,455 #* USA Technologies, Inc.............................. 7,207 14,198 #* VASCO Data Security International, Inc............. 14,694 315,921 #* Veeco Instruments, Inc............................. 231,649 6,757,201 * Viasystems Group, Inc.............................. 150,028 2,401,948 # Vicon Industries, Inc.............................. 45,650 70,758 * Video Display Corp................................. 85,637 214,949 #* Viggle, Inc........................................ 7,700 18,942 * Virtusa Corp....................................... 265,559 9,947,840 * Vishay Precision Group, Inc........................ 108,345 1,802,861 Wayside Technology Group, Inc...................... 30,941 548,584 #* Web.com Group, Inc................................. 137,493 2,077,519 * Westell Technologies, Inc. Class A................. 426,791 533,489 * Wireless Telecom Group, Inc........................ 225,386 709,966 * Xcerra Corp........................................ 428,169 3,288,338 * XO Group, Inc...................................... 206,725 3,398,559 #* Xoom Corp.......................................... 3,497 51,581 #* YuMe, Inc.......................................... 2,500 13,500 #* Zhone Technologies, Inc............................ 74,478 98,311 #* Zix Corp........................................... 422,075 1,494,146 ------------ Total Information Technology........................... 894,001,638 ------------ Materials -- (4.5%) A Schulman, Inc.................................... 291,194 10,148,111 * Advanced Emissions Solutions, Inc.................. 631 6,692 * AEP Industries, Inc................................ 60,694 3,041,376 #* AK Steel Holding Corp.............................. 171,700 650,743 #* AM Castle & Co..................................... 144,682 875,326 * American Biltrite, Inc............................. 868 373,240 # American Vanguard Corp............................. 235,325 2,630,933 Ampco-Pittsburgh Corp.............................. 84,809 1,543,524 Balchem Corp....................................... 135,110 7,156,777 * Boise Cascade Co................................... 280,342 11,337,030 * Calgon Carbon Corp................................. 531,936 10,495,097 * Century Aluminum Co................................ 469,031 10,839,306 # Chase Corp......................................... 76,072 2,723,378 * Clearwater Paper Corp.............................. 202,281 14,972,840 #* Codexis, Inc....................................... 46,517 177,695 #* Coeur Mining, Inc.................................. 24,799 156,234 #* Contango ORE, Inc.................................. 1,592 6,368 #* Continental Materials Corp......................... 14,518 252,613 * Core Molding Technologies, Inc..................... 59,433 861,778 # Deltic Timber Corp................................. 77,457 4,841,062 Detrex Corp........................................ 10,200 326,400 * Ferro Corp......................................... 879,569 9,789,603 Flamemaster Corp................................... 189 1,829 #* Flotek Industries, Inc............................. 518,526 8,384,565 Friedman Industries, Inc........................... 60,300 377,478 FutureFuel Corp.................................... 204,986 2,252,796 #* General Moly, Inc.................................. 158,983 95,390 Globe Specialty Metals, Inc........................ 303,059 4,673,170 303 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Materials -- (Continued) Hawkins, Inc....................................... 101,206 $ 3,897,443 Haynes International, Inc.......................... 85,237 3,318,276 * Headwaters, Inc.................................... 494,585 6,963,757 # Hecla Mining Co.................................... 339,339 1,116,425 #* Horsehead Holding Corp............................. 391,411 5,260,564 Innophos Holdings, Inc............................. 192,379 11,454,246 Innospec, Inc...................................... 184,842 7,295,714 # Kaiser Aluminum Corp............................... 112,530 7,799,454 KMG Chemicals, Inc................................. 60,464 1,264,907 Koppers Holdings, Inc.............................. 163,810 2,974,790 * Kraton Performance Polymers, Inc................... 194,998 3,771,261 Kronos Worldwide, Inc.............................. 6,114 68,660 * LSB Industries, Inc................................ 173,538 5,421,327 Materion Corp...................................... 131,644 4,337,670 #* McEwen Mining, Inc................................. 206,022 257,528 * Mercer International, Inc.......................... 242,139 3,070,323 #* Mines Management, Inc.............................. 5,515 2,813 # Myers Industries, Inc.............................. 289,146 4,814,281 Neenah Paper, Inc.................................. 134,788 7,734,135 # Noranda Aluminum Holding Corp...................... 276,442 837,619 * Northern Technologies International Corp........... 38,414 784,990 # Olympic Steel, Inc................................. 79,587 1,091,138 OM Group, Inc...................................... 155,757 4,361,196 * OMNOVA Solutions, Inc.............................. 276,344 1,895,720 #* Penford Corp....................................... 111,720 2,102,570 PH Glatfelter Co................................... 395,320 9,040,968 # Quaker Chemical Corp............................... 109,456 8,638,268 # Rayonier Advanced Materials, Inc................... 2,783 47,645 #* Rentech, Inc....................................... 488,654 586,385 #* Resolute Forest Products, Inc...................... 22,093 375,581 * RTI International Metals, Inc...................... 210,667 4,697,874 # Schnitzer Steel Industries, Inc. Class A........... 143,925 2,429,454 # Schweitzer-Mauduit International, Inc.............. 69,087 2,684,721 #* Senomyx, Inc....................................... 22,385 118,193 Stepan Co.......................................... 165,520 6,355,968 #* Stillwater Mining Co............................... 25,554 349,323 SunCoke Energy, Inc................................ 54,065 816,381 Synalloy Corp...................................... 57,753 964,475 # TimkenSteel Corp................................... 6,090 164,430 * Trecora Resources.................................. 132,513 1,822,054 Tredegar Corp...................................... 325,580 6,964,156 #* UFP Technologies, Inc.............................. 11,800 262,904 # United States Lime & Minerals, Inc................. 60,392 4,176,107 #* Universal Stainless & Alloy Products, Inc.......... 53,774 1,198,622 #* Verso Corp......................................... 4,775 10,028 Vulcan International Corp.......................... 8,251 336,228 # Wausau Paper Corp.................................. 398,379 4,047,531 * Webco Industries, Inc.............................. 3,750 232,313 Zep, Inc........................................... 130,398 2,088,976 ------------ Total Materials........................................ 259,296,746 ------------ Other -- (0.0%) o* Allen Organ Co. Escrow Shares...................... 4,700 -- 304 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Other -- (Continued) o* Big 4 Ranch, Inc................................... 35,000 $ -- o* Concord Camera Corp. Escrow Shares................. 49,560 -- o* DLB Oil & Gas, Inc. Escrow Shares.................. 7,600 -- o* EquiMed, Inc....................................... 132 -- o* First Commerce Bancorp Escrow Shares............... 50,014 -- o* FRD Acquisition Co. Escrow Shares.................. 294,513 -- o#* Gerber Scientific, Inc. Escrow Shares.............. 214,642 -- o* Petrocorp, Inc. Escrow Shares...................... 37,100 -- ----------- Total Other............................................. -- ----------- Real Estate Investment Trusts -- (0.0%) # CareTrust REIT, Inc................................ 155,469 2,095,722 ----------- Telecommunication Services -- (1.2%) #* 8x8, Inc........................................... 34,948 269,449 #* Alaska Communications Systems Group, Inc........... 38,055 67,738 * Alteva............................................. 35,460 258,858 # Atlantic Tele-Network, Inc......................... 91,992 6,111,029 #* Boingo Wireless, Inc............................... 220,463 1,862,912 * Cincinnati Bell, Inc............................... 1,196,221 3,504,928 Cogent Communications Holdings, Inc................ 15,516 575,023 # Consolidated Communications Holdings, Inc.......... 388,829 9,051,939 #* General Communication, Inc. Class A................ 438,755 6,440,924 #* Hawaiian Telcom Holdco, Inc........................ 7,177 186,817 IDT Corp. Class B.................................. 203,342 4,343,385 * inContact, Inc..................................... 4,757 40,768 Inteliquent, Inc................................... 366,814 6,169,812 #* Iridium Communications, Inc........................ 286,734 2,440,106 * LICT Corp.......................................... 1 3,250 # Lumos Networks Corp................................ 134,578 2,157,285 # NTELOS Holdings Corp............................... 95,209 390,357 #* ORBCOMM, Inc....................................... 277,356 1,542,099 * Premiere Global Services, Inc...................... 593,318 5,244,931 # Shenandoah Telecommunications Co................... 221,994 6,595,442 Spok Holdings, Inc................................. 135,334 2,316,918 #* Straight Path Communications, Inc. Class B......... 85,246 1,635,018 * Vonage Holdings Corp............................... 1,596,901 6,706,984 ----------- Total Telecommunication Services........................ 67,915,972 ----------- Utilities -- (1.7%) # American States Water Co........................... 378,898 15,019,517 # Artesian Resources Corp. Class A................... 21,573 477,842 #* Cadiz, Inc......................................... 5,888 56,878 California Water Service Group..................... 420,285 10,313,794 # Chesapeake Utilities Corp.......................... 120,099 5,856,027 # Connecticut Water Service, Inc..................... 82,844 2,979,070 Consolidated Water Co., Ltd........................ 36,099 391,674 # Delta Natural Gas Co., Inc......................... 40,000 849,200 El Paso Electric Co................................ 35,748 1,432,065 Empire District Electric Co. (The)................. 396,526 12,082,147 Gas Natural, Inc................................... 24,922 242,990 # Genie Energy, Ltd. Class B......................... 199,593 1,251,448 # MGE Energy, Inc.................................... 291,085 13,360,802 305 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) # Middlesex Water Co........................... 116,467 $ 2,547,133 # Northwest Natural Gas Co..................... 115,913 5,785,218 # Ormat Technologies, Inc...................... 52,375 1,401,031 # Otter Tail Corp.............................. 270,413 8,361,170 # RGC Resources, Inc........................... 9,396 201,920 # SJW Corp..................................... 178,748 6,036,320 Unitil Corp.................................. 99,648 3,722,849 # York Water Co................................ 68,182 1,613,868 -------------- Total Utilities.................................... 93,982,963 -------------- TOTAL COMMON STOCKS................................ 4,842,954,391 -------------- PREFERRED STOCKS -- (0.0%) Other -- (0.0%) o* Enron TOPRS Escrow Shares.................... 37,101 -- -------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights... 12,543 -- o* Empire Resorts, Inc. Rights 02/02/2015....... 1,458 -- o* Furiex Pharmaceuticals Contingent Value Rights..................................... 16,188 158,157 o* Ikanos Communications Rights 01/12/2015...... 64,641 -- o* Leap Wireless International, Inc. Contingent Value Rights............................... 104,000 262,080 o#* Magnum Hunter Resources Corp. Warrants 04/15/16................................... 82,112 -- o* Providence Service Corp. (The) Rights 02/05/2015................................. 6,095 -- o* Southern Community Financial Corp. Contingent Value Rights.................... 45,616 42,227 o* Tejon Ranch Co. Warrants 08/31/16............ 2,266 3,331 -------------- TOTAL RIGHTS/WARRANTS.............................. 465,795 -------------- BONDS -- (0.0%) Other -- (0.0%) o* Capital Properties, Inc., 5.000%............. 9,939 9,305 -------------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional Liquid Reserves, 0.089%..................................... 6,739,757 6,739,757 -------------- SECURITIES LENDING COLLATERAL -- (15.4%) (S)@ DFA Short Term Investment Fund............... 76,187,478 881,489,124 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,279,098,205)^^.......................... $5,731,658,372 ============== 306 U.S. MICRO CAP PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary... $ 947,024,856 $ 226,823 -- $ 947,251,679 Consumer Staples......... 189,533,849 -- -- 189,533,849 Energy................... 143,096,678 124,689 -- 143,221,367 Financials............... 832,770,672 29,127 -- 832,799,799 Health Care.............. 500,773,638 -- -- 500,773,638 Industrials.............. 912,081,018 -- -- 912,081,018 Information Technology... 894,001,638 -- -- 894,001,638 Materials................ 259,296,746 -- -- 259,296,746 Other.................... -- -- -- -- Real Estate Investment Trusts................. 2,095,722 -- -- 2,095,722 Telecommunication Services............... 67,915,972 -- -- 67,915,972 Utilities................ 93,982,963 -- -- 93,982,963 Preferred Stocks Other.................... -- -- -- -- Rights/Warrants............. -- 465,795 -- 465,795 Bonds Other.................... -- 9,305 -- 9,305 Temporary Cash Investments.. 6,739,757 -- -- 6,739,757 Securities Lending Collateral................ -- 881,489,124 -- 881,489,124 -------------- ------------ -- -------------- TOTAL....................... $4,849,313,509 $882,344,863 -- $5,731,658,372 ============== ============ == ============== 307 DFA REAL ESTATE SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ------------ COMMON STOCKS -- (92.1%) Real Estate Investment Trusts -- (92.1%) # Acadia Realty Trust................................ 663,562 $ 24,014,309 # Agree Realty Corp.................................. 147,301 5,102,507 # Alexander's, Inc................................... 48,381 22,441,043 # Alexandria Real Estate Equities, Inc............... 794,894 77,518,063 American Assets Trust, Inc......................... 185,567 8,235,463 # American Campus Communities, Inc................... 1,159,690 50,979,972 # American Realty Capital Properties, Inc............ 5,321,381 49,302,595 # AmREIT, Inc........................................ 10,321 274,332 # Apartment Investment & Management Co. Class A...... 1,624,899 64,768,474 # Ashford Hospitality Prime, Inc..................... 160,315 2,751,005 Ashford Hospitality Trust, Inc..................... 926,983 9,751,861 #* Ashford, Inc....................................... 10,605 1,537,725 # Associated Estates Realty Corp..................... 624,687 15,560,953 # AvalonBay Communities, Inc......................... 1,444,376 249,862,604 # BioMed Realty Trust, Inc........................... 2,108,239 51,546,444 Boston Properties, Inc............................. 1,691,769 234,817,537 # Brandywine Realty Trust............................ 1,947,312 32,344,852 # Camden Property Trust.............................. 955,304 73,606,173 # Campus Crest Communities, Inc...................... 723,701 4,986,300 CareTrust REIT, Inc................................ 16,406 221,153 # CBL & Associates Properties, Inc................... 1,810,860 37,339,933 # Cedar Realty Trust, Inc............................ 720,194 5,732,744 # Chambers Street Properties......................... 152,147 1,285,642 # Chatham Lodging Trust.............................. 43,035 1,339,680 # Chesapeake Lodging Trust........................... 411,995 15,128,456 # CoreSite Realty Corp............................... 41,979 1,839,100 # Corporate Office Properties Trust.................. 1,006,084 30,182,520 # Cousins Properties, Inc............................ 2,244,460 24,778,838 CubeSmart.......................................... 1,728,977 42,601,993 CyrusOne, Inc...................................... 151,641 4,253,530 DCT Industrial Trust, Inc.......................... 971,855 36,697,245 # DDR Corp........................................... 3,297,433 64,629,687 DiamondRock Hospitality Co......................... 2,156,943 31,340,382 # Digital Realty Trust, Inc.......................... 1,500,723 109,462,736 Douglas Emmett, Inc................................ 1,482,119 42,210,749 Duke Realty Corp................................... 3,693,486 80,628,799 # DuPont Fabros Technology, Inc...................... 724,788 27,005,601 # EastGroup Properties, Inc.......................... 344,548 22,271,583 # Education Realty Trust, Inc........................ 521,181 18,032,863 # EPR Properties..................................... 607,686 39,536,051 Equity Commonwealth REIT........................... 856,678 22,573,465 Equity Lifestyle Properties, Inc................... 864,432 47,310,363 Equity One, Inc.................................... 750,484 20,443,184 Equity Residential................................. 3,771,256 292,687,178 # Essex Property Trust, Inc.......................... 689,589 155,881,593 # Excel Trust, Inc................................... 497,339 6,982,640 Extra Space Storage, Inc........................... 1,208,206 79,741,596 # Federal Realty Investment Trust.................... 737,323 106,004,928 FelCor Lodging Trust, Inc.......................... 1,234,869 12,361,039 First Industrial Realty Trust, Inc................. 1,205,204 26,189,083 # First Potomac Realty Trust......................... 625,514 8,006,579 308 DFA REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Real Estate Investment Trusts -- (Continued) # Franklin Street Properties Corp.................... 956,102 $ 12,314,594 Gaming and Leisure Properties, Inc................. 971,446 31,698,283 # General Growth Properties, Inc..................... 5,841,908 176,308,783 # Getty Realty Corp.................................. 227,859 4,222,227 # Gladstone Commercial Corp.......................... 127,710 2,222,154 # Gladstone Land Corp................................ 14,074 147,073 # Government Properties Income Trust................. 768,492 17,521,618 HCP, Inc........................................... 5,054,598 239,031,939 # Health Care REIT, Inc.............................. 3,475,805 284,842,220 Healthcare Realty Trust, Inc....................... 1,071,266 32,234,394 # Healthcare Trust of America, Inc. Class A.......... 524,596 15,454,598 # Hersha Hospitality Trust........................... 2,191,480 14,639,086 # Highwoods Properties, Inc.......................... 1,005,087 47,239,089 HMG/Courtland Properties, Inc...................... 2,500 28,125 # Home Properties, Inc............................... 621,903 43,844,161 # Hospitality Properties Trust....................... 1,624,858 52,954,122 Host Hotels & Resorts, Inc......................... 8,307,011 190,147,482 Hudson Pacific Properties, Inc..................... 346,964 11,224,285 # Inland Real Estate Corp............................ 963,340 10,962,809 Investors Real Estate Trust........................ 879,661 7,257,203 # Iron Mountain, Inc................................. 152,406 6,071,855 Kilroy Realty Corp................................. 926,900 68,729,635 # Kimco Realty Corp.................................. 4,574,847 126,494,520 Kite Realty Group Trust............................ 628,394 19,203,721 # LaSalle Hotel Properties........................... 1,173,113 47,464,152 Lexington Realty Trust............................. 2,242,398 25,585,761 Liberty Property Trust............................. 1,634,319 65,863,056 LTC Properties, Inc................................ 369,033 17,315,028 # Macerich Co. (The)................................. 1,587,747 136,562,119 Mack-Cali Realty Corp.............................. 901,923 17,596,518 # Medical Properties Trust, Inc...................... 1,888,449 29,025,461 # Mid-America Apartment Communities, Inc............. 825,943 65,513,799 Monmouth Real Estate Investment Corp. Class A...... 397,189 4,690,802 # National Health Investors, Inc..................... 267,377 19,989,105 # National Retail Properties, Inc.................... 1,390,343 59,562,294 # Omega Healthcare Investors, Inc.................... 1,408,216 61,764,354 # One Liberty Properties, Inc........................ 125,066 3,065,368 Parkway Properties, Inc............................ 765,645 14,011,304 # Pebblebrook Hotel Trust............................ 495,608 23,016,036 Pennsylvania REIT.................................. 766,549 18,343,518 Piedmont Office Realty Trust, Inc. Class A......... 1,709,382 33,384,230 Post Properties, Inc............................... 599,186 36,400,550 Prologis, Inc...................................... 5,501,859 248,353,915 PS Business Parks, Inc............................. 220,095 18,512,190 Public Storage..................................... 1,577,718 316,868,883 # Ramco-Gershenson Properties Trust.................. 837,382 16,387,566 # Realty Income Corp................................. 2,478,890 134,628,516 Regency Centers Corp............................... 996,960 68,351,578 # Retail Opportunity Investments Corp................ 928,802 16,411,931 Retail Properties of America, Inc. Class A......... 1,796,543 31,780,846 Rexford Industrial Realty, Inc..................... 14,458 231,617 # RLJ Lodging Trust.................................. 1,236,790 42,137,435 # Rouse Properties, Inc.............................. 168,193 3,126,708 309 DFA REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Real Estate Investment Trusts -- (Continued) # Ryman Hospitality Properties, Inc.............. 444,540 $ 24,405,246 Sabra Health Care REIT, Inc.................... 578,831 18,927,774 Saul Centers, Inc.............................. 141,146 8,058,025 # Select Income REIT............................. 270,875 6,736,661 # Senior Housing Properties Trust................ 2,221,375 51,735,824 Simon Property Group, Inc...................... 3,340,074 663,539,101 # SL Green Realty Corp........................... 1,063,048 133,944,048 Sotherly Hotels, Inc........................... 85,207 628,828 Sovran Self Storage, Inc....................... 366,765 34,750,984 Spirit Realty Capital, Inc..................... 2,669,358 34,327,944 # STAG Industrial, Inc........................... 210,965 5,527,283 # Starwood Waypoint Residential Trust............ 132,981 3,223,459 #* Strategic Hotels & Resorts, Inc................ 2,555,858 34,299,614 # Summit Hotel Properties, Inc................... 654,525 8,391,011 # Sun Communities, Inc........................... 446,255 30,224,851 Sunstone Hotel Investors, Inc.................. 2,280,755 38,886,873 # Tanger Factory Outlet Centers, Inc............. 1,073,725 42,251,079 # Taubman Centers, Inc........................... 698,528 57,244,370 # Terreno Realty Corp............................ 63,621 1,450,559 # Trade Street Residential, Inc.................. 9,846 78,374 # UDR, Inc....................................... 2,783,422 92,576,616 # UMH Properties, Inc............................ 152,811 1,471,570 # Universal Health Realty Income Trust........... 122,988 6,608,145 * Urban Edge Properties.......................... 925,233 21,965,031 # Urstadt Biddle Properties, Inc................. 76,760 1,516,010 # Urstadt Biddle Properties, Inc. Class A........ 233,944 5,497,684 # Ventas, Inc.................................... 3,284,792 262,159,250 Vornado Realty Trust........................... 1,864,411 205,905,551 # Washington REIT................................ 717,473 20,598,650 # Weingarten Realty Investors.................... 1,255,029 47,038,487 # Whitestone REIT................................ 110,767 1,737,934 # WP Carey, Inc.................................. 493,643 35,448,504 # WP GLIMCHER, Inc............................... 1,934,841 34,207,995 TOTAL COMMON STOCKS.................................. 7,320,205,096 -------------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional Liquid Reserves, 0.089%....................................... 7,196,024 7,196,024 -------------- SECURITIES LENDING COLLATERAL -- (7.8%) (S)@ DFA Short Term Investment Fund................. 53,349,486 617,253,557 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,115,622,835)^^............................. $7,944,654,677 ============== 310 DFA REAL ESTATE SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Real Estate Investment Trusts................. $7,320,205,096 -- -- $7,320,205,096 Temporary Cash Investments.. 7,196,024 -- -- 7,196,024 Securities Lending Collateral................ -- $617,253,557 -- 617,253,557 -------------- ------------ -- -------------- TOTAL....................... $7,327,401,120 $617,253,557 -- $7,944,654,677 ============== ============ == ============== 311 LARGE CAP INTERNATIONAL PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (94.4%) AUSTRALIA -- (6.2%) Adelaide Brighton, Ltd............................. 118,521 $ 328,461 AGL Energy, Ltd.................................... 108,142 1,195,477 # ALS, Ltd........................................... 112,885 426,244 * Alumina, Ltd....................................... 749,015 1,121,135 Amcor, Ltd......................................... 297,501 2,940,269 Amcor, Ltd. Sponsored ADR.......................... 1,068 42,218 AMP, Ltd........................................... 1,223,704 5,457,248 Ansell, Ltd........................................ 34,801 610,852 # APA Group.......................................... 298,109 1,879,208 #* Aquarius Platinum, Ltd............................. 215,481 46,199 Aristocrat Leisure, Ltd............................ 116,643 631,897 Asciano, Ltd....................................... 276,683 1,288,165 ASX, Ltd........................................... 58,322 1,723,745 Aurizon Holdings, Ltd.............................. 343,918 1,315,113 # AusNet Services.................................... 371,932 403,711 Australia & New Zealand Banking Group, Ltd......... 526,856 13,449,295 Bank of Queensland, Ltd............................ 103,034 998,073 Beach Energy, Ltd.................................. 143,697 106,981 # Bendigo and Adelaide Bank, Ltd..................... 141,850 1,469,004 BHP Billiton, Ltd.................................. 683,268 15,759,392 # BHP Billiton, Ltd. Sponsored ADR................... 65,589 3,038,738 * BlueScope Steel, Ltd............................... 142,412 551,704 Boral, Ltd......................................... 260,771 1,128,652 Brambles, Ltd...................................... 386,256 3,164,434 Caltex Australia, Ltd.............................. 43,214 1,118,389 # carsales.com, Ltd.................................. 29,538 235,205 Challenger, Ltd.................................... 84,253 409,893 Coca-Cola Amatil, Ltd.............................. 150,366 1,128,626 # Cochlear, Ltd...................................... 14,800 951,246 Commonwealth Bank of Australia..................... 342,418 23,676,504 Computershare, Ltd................................. 120,096 1,079,060 Crown Resorts, Ltd................................. 72,744 764,338 CSL, Ltd........................................... 108,914 7,411,980 DUET Group......................................... 266,632 518,802 Echo Entertainment Group, Ltd...................... 175,552 548,525 Fairfax Media, Ltd................................. 420,361 292,414 # Flight Centre Travel Group, Ltd.................... 13,937 406,838 # Fortescue Metals Group, Ltd........................ 596,397 1,081,442 # Harvey Norman Holdings, Ltd........................ 178,817 546,157 # Iluka Resources, Ltd............................... 101,138 549,245 Incitec Pivot, Ltd................................. 475,561 1,326,398 Insurance Australia Group, Ltd..................... 694,002 3,437,905 James Hardie Industries P.L.C.(B3LCV80)............ 500 25,285 James Hardie Industries P.L.C.(B60QWJ2)............ 112,533 1,128,346 Leighton Holdings, Ltd............................. 26,566 422,757 Lend Lease Group................................... 144,335 1,860,425 Macquarie Group, Ltd............................... 97,088 4,697,503 # Metcash, Ltd....................................... 156,632 176,819 National Australia Bank, Ltd....................... 484,171 13,352,672 # New Hope Corp., Ltd................................ 25,495 46,451 #* Newcrest Mining, Ltd............................... 220,635 2,382,297 312 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ AUSTRALIA -- (Continued) Oil Search, Ltd.................................... 184,832 $ 1,112,276 Orica, Ltd......................................... 115,867 1,626,403 Origin Energy, Ltd................................. 344,002 2,838,642 Orora, Ltd......................................... 215,725 355,005 OZ Minerals, Ltd................................... 90,750 271,077 # PanAust, Ltd....................................... 76,201 71,133 Platinum Asset Management, Ltd..................... 41,235 277,147 # Primary Health Care, Ltd........................... 139,478 499,543 * Qantas Airways, Ltd................................ 304,058 612,699 QBE Insurance Group, Ltd........................... 403,993 3,311,884 Ramsay Health Care, Ltd............................ 31,490 1,449,131 REA Group, Ltd..................................... 12,767 488,363 Reece Australia, Ltd............................... 7,839 196,689 Rio Tinto, Ltd..................................... 120,785 5,386,054 # Santos, Ltd........................................ 277,664 1,690,424 Seek, Ltd.......................................... 68,980 949,336 Seven Group Holdings, Ltd.......................... 18,118 71,812 # Sims Metal Management, Ltd......................... 40,715 342,536 Sonic Healthcare, Ltd.............................. 78,040 1,139,316 Spark Infrastructure Group......................... 225,326 373,119 Suncorp Group, Ltd................................. 382,277 4,355,581 # Sydney Airport..................................... 192,507 743,889 Tabcorp Holdings, Ltd.............................. 263,708 932,087 Tatts Group, Ltd................................... 401,432 1,201,369 # Telstra Corp., Ltd................................. 975,960 4,922,727 Toll Holdings, Ltd................................. 247,828 1,185,117 # TPG Telecom, Ltd................................... 56,141 290,365 Transurban Group................................... 342,640 2,450,423 Treasury Wine Estates, Ltd......................... 174,830 664,674 Washington H Soul Pattinson & Co., Ltd............. 13,478 135,773 Wesfarmers, Ltd.................................... 201,539 6,807,555 Westpac Banking Corp............................... 453,022 12,107,484 Westpac Banking Corp. Sponsored ADR................ 86,981 2,326,742 Woodside Petroleum, Ltd............................ 261,573 6,947,112 Woolworths, Ltd.................................... 295,401 7,269,443 WorleyParsons, Ltd................................. 56,232 418,368 ------------ TOTAL AUSTRALIA........................................ 204,473,035 ------------ AUSTRIA -- (0.2%) Andritz AG......................................... 12,287 665,112 BUWOG AG........................................... 7,724 150,856 Erste Group Bank AG................................ 58,876 1,274,617 * IMMOFINANZ AG...................................... 154,486 353,017 OMV AG............................................. 65,177 1,620,356 # Raiffeisen Bank International AG................... 43,644 509,984 Strabag SE......................................... 630 13,960 Telekom Austria AG ADR............................. 2,400 31,404 Verbund AG......................................... 24,852 434,976 Vienna Insurance Group AG Wiener Versicherung Gruppe........................................... 6,221 264,038 313 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRIA -- (Continued) Voestalpine AG..................................... 34,009 $ 1,211,146 ----------- TOTAL AUSTRIA.......................................... 6,529,466 ----------- BELGIUM -- (1.3%) Ackermans & van Haaren NV.......................... 220 26,147 Ageas.............................................. 61,321 2,099,852 Anheuser-Busch InBev NV............................ 149,950 18,288,813 Anheuser-Busch InBev NV Sponsored ADR.............. 26,194 3,197,502 Belgacom SA........................................ 62,834 2,340,203 Colruyt SA......................................... 30,866 1,423,638 Delhaize Group SA.................................. 18,885 1,570,975 Delhaize Group SA Sponsored ADR.................... 49,084 1,015,548 * KBC Groep NV....................................... 75,029 4,035,437 # Solvay SA.......................................... 34,402 4,703,322 * Telenet Group Holding NV........................... 12,537 697,214 UCB SA............................................. 25,920 2,014,988 Umicore SA......................................... 29,230 1,224,182 ----------- TOTAL BELGIUM.......................................... 42,637,821 ----------- CANADA -- (8.7%) Agnico Eagle Mines, Ltd.(008474108)................ 30,934 1,043,094 Agnico Eagle Mines, Ltd.(2009823).................. 38,232 1,288,944 Agrium, Inc.(008916108)............................ 15,094 1,609,775 Agrium, Inc.(2213538).............................. 34,000 3,627,434 Aimia, Inc......................................... 36,747 394,162 Alimentation Couche Tard, Inc. Class B............. 94,958 3,720,751 # AltaGas, Ltd....................................... 22,210 750,529 #* Amaya, Inc......................................... 9,600 248,707 # ARC Resources, Ltd................................. 98,773 1,787,817 Atco, Ltd. Class I................................. 18,724 724,824 #* Athabasca Oil Corp................................. 50,600 74,066 AuRico Gold, Inc................................... 4,468 17,616 Bank of Montreal(063671101)........................ 29,657 1,704,684 # Bank of Montreal(2076009).......................... 104,389 5,991,257 # Bank of Nova Scotia................................ 196,436 9,439,193 Bank of Nova Scotia (The).......................... 32,463 1,559,523 Barrick Gold Corp.(067901108)...................... 206,236 2,635,696 Barrick Gold Corp.(2024644)........................ 266,263 3,405,032 # Baytex Energy Corp................................. 39,891 619,069 BCE, Inc.(05534B760)............................... 22,940 1,054,093 # BCE, Inc.(B188TH2)................................. 46,262 2,124,695 #* BlackBerry, Ltd.(09228F103)........................ 43,832 444,895 #* BlackBerry, Ltd.(BCBHZ31).......................... 88,001 894,069 # Bombardier, Inc. Class A........................... 15,935 37,746 # Bombardier, Inc. Class B........................... 368,440 840,856 # Bonavista Energy Corp.............................. 56,859 268,477 Brookfield Asset Management, Inc. Class A.......... 106,177 5,410,373 #* Brookfield Residential Properties, Inc............. 5,760 138,931 #* BRP, Inc........................................... 800 13,788 CAE, Inc........................................... 77,338 952,498 Cameco Corp.(13321L108)............................ 42,215 591,854 Cameco Corp.(2166160).............................. 85,260 1,199,692 314 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) Canadian Imperial Bank of Commerce(136069101)...... 9,630 $ 668,515 Canadian Imperial Bank of Commerce(2170525)........ 70,649 4,902,675 Canadian National Railway Co.(136375102)........... 24,432 1,612,023 Canadian National Railway Co.(2180632)............. 152,460 10,044,819 Canadian Natural Resources, Ltd.(136385101)........ 83,091 2,404,654 Canadian Natural Resources, Ltd.(2171573).......... 220,772 6,400,598 Canadian Oil Sands, Ltd............................ 154,666 955,480 Canadian Pacific Railway, Ltd.(13645T100).......... 6,070 1,060,247 # Canadian Pacific Railway, Ltd.(2793115)............ 33,566 5,850,210 # Canadian Tire Corp., Ltd. Class A.................. 26,056 2,403,008 Canadian Utilities, Ltd. Class A................... 20,840 690,949 Canadian Western Bank.............................. 22,314 452,531 * Canfor Corp........................................ 25,000 624,656 * Catamaran Corp.(B3N9ZT8)........................... 16,416 819,323 * Catamaran Corp.(B8J4N87)........................... 29,400 1,468,033 CCL Industries, Inc. Class B....................... 6,596 681,817 Cenovus Energy, Inc.(15135U109).................... 23,353 441,138 Cenovus Energy, Inc.(B57FG04)...................... 139,938 2,650,750 * CGI Group, Inc. Class A(39945C109)................. 35,643 1,411,463 #* CGI Group, Inc. Class A(2159740)................... 37,171 1,472,857 # CI Financial Corp.................................. 51,715 1,318,616 # Cineplex, Inc...................................... 5,186 184,430 # Cogeco Cable, Inc.................................. 7,363 422,994 Constellation Software, Inc........................ 4,343 1,203,374 # Crescent Point Energy Corp......................... 124,332 2,954,928 DH Corp............................................ 9,300 259,744 Dollarama, Inc..................................... 24,400 1,158,842 E-L Financial Corp., Ltd........................... 157 83,645 Eldorado Gold Corp.(284902103)..................... 27,183 129,935 Eldorado Gold Corp.(2307873)....................... 185,043 888,300 # Emera, Inc......................................... 12,122 396,658 Empire Co., Ltd.................................... 15,781 1,148,770 Enbridge Income Fund Holdings, Inc................. 4,900 158,757 Enbridge, Inc.(29250N105).......................... 29,037 1,406,262 # Enbridge, Inc.(2466149)............................ 127,437 6,172,777 Encana Corp.(292505104)............................ 146,866 1,797,640 Encana Corp.(2793193).............................. 153,453 1,876,650 Enerplus Corp.(292766102).......................... 27,199 266,550 # Enerplus Corp.(B584T89)............................ 59,866 580,899 Ensign Energy Services, Inc........................ 34,131 236,637 Fairfax Financial Holdings, Ltd.................... 6,156 3,270,087 Finning International, Inc......................... 59,037 973,342 First Capital Realty, Inc.......................... 24,315 373,518 First Quantum Minerals, Ltd........................ 170,732 1,557,237 # Fortis, Inc........................................ 47,981 1,582,501 Franco-Nevada Corp................................. 13,890 801,569 # Genworth MI Canada, Inc............................ 11,764 292,734 George Weston, Ltd................................. 18,126 1,436,728 Gibson Energy, Inc................................. 40,396 718,780 Gildan Activewear, Inc.(375916103)................. 3,000 175,110 Gildan Activewear, Inc.(2254645)................... 18,100 1,056,629 Goldcorp, Inc.(380956409).......................... 22,904 550,383 # Goldcorp, Inc.(2676302)............................ 145,746 3,520,064 315 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Great-West Lifeco, Inc............................. 54,000 $1,368,805 Hudson's Bay Co.................................... 9,585 176,659 # Husky Energy, Inc.................................. 87,950 1,892,998 # IGM Financial, Inc................................. 21,900 751,601 Imperial Oil, Ltd.(453038408)...................... 13,492 500,688 Imperial Oil, Ltd.(2454241)........................ 48,227 1,792,904 # Industrial Alliance Insurance & Financial Services, Inc.................................... 33,622 1,070,549 Intact Financial Corp.............................. 26,700 1,784,342 # Inter Pipeline, Ltd................................ 45,000 1,170,064 Jean Coutu Group PJC, Inc. (The) Class A........... 16,500 330,987 Keyera Corp........................................ 20,059 1,183,934 * Kinross Gold Corp.(496902404)...................... 22,897 77,621 * Kinross Gold Corp.(B03Z841)........................ 304,213 1,031,839 Linamar Corp....................................... 18,096 1,036,600 # Loblaw Cos., Ltd................................... 41,560 2,064,765 * Lundin Mining Corp................................. 164,804 586,223 MacDonald Dettwiler & Associates, Ltd.............. 6,900 506,843 Magna International, Inc.(559222401)............... 10,503 1,008,498 Magna International, Inc.(2554475)................. 40,160 3,858,609 # Manitoba Telecom Services, Inc..................... 4,500 90,836 Manulife Financial Corp.(56501R106)................ 63,866 1,026,965 # Manulife Financial Corp.(2492519).................. 322,943 5,179,490 * MEG Energy Corp.................................... 42,405 646,737 Methanex Corp.(2654416)............................ 25,881 1,143,840 Methanex Corp.(59151K108).......................... 11,252 496,213 Metro, Inc......................................... 26,424 2,091,129 # Mullen Group, Ltd.................................. 10,500 168,486 National Bank of Canada............................ 101,249 3,522,640 * New Gold, Inc...................................... 137,438 602,447 Onex Corp.......................................... 21,404 1,174,887 Open Text Corp.(683715106)......................... 9,224 522,724 Open Text Corp.(2260824)........................... 21,700 1,230,583 # Osisko Gold Royalties, Ltd......................... 7,800 104,907 # Pacific Rubiales Energy Corp....................... 168,144 390,356 Pan American Silver Corp.(697900108)............... 12,528 146,076 Pan American Silver Corp.(2669272)................. 33,400 391,117 #* Paramount Resources, Ltd. Class A.................. 8,900 199,684 Pembina Pipeline Corp.(B4PPQG5).................... 9,034 280,506 # Pembina Pipeline Corp.(B4PT2P8).................... 45,132 1,402,234 # Pengrowth Energy Corp.............................. 129,078 345,373 # Penn West Petroleum, Ltd.(B63FY34)................. 95,909 144,916 Penn West Petroleum, Ltd.(707887105)............... 18,200 27,118 # Peyto Exploration & Development Corp............... 30,405 768,081 Potash Corp. of Saskatchewan, Inc.(73755L107)...... 53,608 1,958,836 Potash Corp. of Saskatchewan, Inc.(2696980)........ 136,400 4,965,660 Precision Drilling Corp............................ 94,060 480,404 Progressive Waste Solutions, Ltd.(B3DJGB7)......... 31,442 897,212 Progressive Waste Solutions, Ltd.(74339G101)....... 14,394 410,517 Quebecor, Inc. Class B............................. 22,000 551,428 * Restaurant Brands International, Inc.(76131D103)... 3,122 120,760 * Restaurant Brands International, Inc.(BTF8CF0)..... 20,667 800,852 # Ritchie Bros Auctioneers, Inc...................... 16,700 418,584 # Rogers Communications, Inc. Class B(2169051)....... 64,300 2,286,200 316 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ CANADA -- (Continued) Rogers Communications, Inc. Class B(775109200)..... 24,857 $ 885,655 Royal Bank of Canada(780087102).................... 18,396 1,041,030 Royal Bank of Canada(2754383)...................... 264,667 14,942,324 Saputo, Inc........................................ 59,532 1,711,891 * SEMAFO, Inc........................................ 48,000 168,096 Shaw Communications, Inc. Class B(82028K200)....... 56,617 1,310,117 # Shaw Communications, Inc. Class B(2801836)......... 57,710 1,332,503 ShawCor, Ltd....................................... 11,300 310,356 Silver Wheaton Corp.(828336107).................... 6,218 142,827 Silver Wheaton Corp.(B058ZX6)...................... 54,277 1,246,829 SNC-Lavalin Group, Inc............................. 33,100 1,095,345 Stantec, Inc.(2854238)............................. 12,900 317,246 Stantec, Inc.(85472N109)........................... 11,106 272,763 Sun Life Financial, Inc.(866796105)................ 26,327 804,816 # Sun Life Financial, Inc.(2566124).................. 101,431 3,101,919 Suncor Energy, Inc.(867224107)..................... 76,441 2,278,706 Suncor Energy, Inc.(B3NB1P2)....................... 296,232 8,835,439 Talisman Energy, Inc.(87425E103)................... 284,218 2,137,319 Talisman Energy, Inc.(2068299)..................... 212,140 1,599,356 Teck Resources, Ltd. Class B(878742204)............ 76,044 979,447 Teck Resources, Ltd. Class B(2879327).............. 106,334 1,376,560 TELUS Corp.(87971M103)............................. 11,037 378,569 TELUS Corp.(2381093)............................... 39,380 1,350,889 Thomson Reuters Corp.(2126067)..................... 18,394 706,330 # Thomson Reuters Corp.(2889371)..................... 59,250 2,273,573 # TMX Group, Ltd..................................... 2,200 81,494 Toronto-Dominion Bank (The)(891160509)............. 27,618 1,100,025 # Toronto-Dominion Bank (The)(2897222)............... 301,119 11,990,731 * Tourmaline Oil Corp................................ 42,867 1,178,699 # TransAlta Corp.(2901628)........................... 122,000 1,067,632 TransAlta Corp.(89346D107)......................... 19,661 171,641 TransCanada Corp.(89353D107)....................... 18,831 837,603 TransCanada Corp.(2665184)......................... 116,088 5,165,354 TransForce, Inc.................................... 11,300 256,466 Trican Well Service, Ltd........................... 25,700 99,103 # Trilogy Energy Corp................................ 10,639 54,422 * Turquoise Hill Resources, Ltd.(900435108).......... 68,462 197,171 * Turquoise Hill Resources, Ltd.(B7WJ1F5)............ 137,337 398,814 * Valeant Pharmaceuticals International, Inc.(91911K102).................................. 13,001 2,079,770 * Valeant Pharmaceuticals International, Inc.(B3XSX46).................................... 56,882 9,094,763 # Veresen, Inc....................................... 37,288 474,500 # Vermilion Energy, Inc.(B607XS1).................... 20,827 917,358 Vermilion Energy, Inc.(923725105).................. 3,240 141,912 West Fraser Timber Co., Ltd........................ 20,384 1,170,712 Westjet Airlines, Ltd.............................. 2,400 57,644 Westshore Terminals Investment Corp................ 6,600 166,208 # Whitecap Resources, Inc............................ 67,396 658,208 Yamana Gold, Inc.(98462Y100)....................... 41,099 168,917 # Yamana Gold, Inc.(2219279)......................... 155,692 644,479 ------------ TOTAL CANADA........................................... 286,540,834 ------------ DENMARK -- (1.5%) AP Moeller - Maersk A.S. Class A................... 707 1,383,519 317 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- DENMARK -- (Continued) AP Moeller--Maersk A.S. Class B.................... 1,434 $ 2,897,754 Carlsberg A.S. Class B............................. 31,472 2,311,005 Chr Hansen Holding A.S............................. 27,575 1,145,874 Coloplast A.S. Class B............................. 22,103 1,742,282 Danske Bank A.S.................................... 139,218 3,603,291 DSV A.S............................................ 57,650 1,815,843 GN Store Nord A.S.................................. 39,910 894,700 H Lundbeck A.S..................................... 13,909 282,486 * Jyske Bank A.S..................................... 18,789 850,451 Novo Nordisk A.S. Class B.......................... 341,045 15,200,605 Novo Nordisk A.S. Sponsored ADR.................... 116,555 5,193,691 Novozymes A.S. Class B............................. 60,183 2,744,613 Pandora A.S........................................ 29,780 2,128,900 Rockwool International A.S. Class B................ 1,012 108,063 TDC A.S............................................ 271,192 2,007,036 * Topdanmark A.S..................................... 21,510 719,778 Tryg A.S........................................... 5,268 616,851 * Vestas Wind Systems A.S............................ 45,586 1,771,181 * William Demant Holding A.S......................... 5,098 386,915 ----------- TOTAL DENMARK.......................................... 47,804,838 ----------- FINLAND -- (1.0%) Elisa Oyj.......................................... 33,144 881,627 Fortum Oyj......................................... 212,122 4,524,720 Kesko Oyj Class B.................................. 16,039 586,103 Kone Oyj Class B................................... 72,133 3,253,356 Metso Oyj.......................................... 33,495 1,019,094 Neste Oil Oyj...................................... 58,108 1,615,891 Nokia Oyj.......................................... 566,548 4,357,061 Nokia Oyj Sponsored ADR............................ 184,400 1,401,440 # Nokian Renkaat Oyj................................. 27,548 678,923 Orion Oyj Class A.................................. 3,180 104,645 Orion Oyj Class B.................................. 19,609 646,502 Sampo Oyj Class A.................................. 84,216 4,078,739 Stora Enso Oyj Class R............................. 251,714 2,442,236 Stora Enso Oyj Sponsored ADR....................... 12,000 116,520 UPM-Kymmene Oyj.................................... 157,023 2,760,052 UPM-Kymmene Oyj Sponsored ADR...................... 13,000 228,280 Valmet OYJ......................................... 27,047 348,270 Wartsila Oyj Abp................................... 45,010 2,086,553 ----------- TOTAL FINLAND.......................................... 31,130,012 ----------- FRANCE -- (8.2%) Accor SA........................................... 40,300 2,003,594 Aeroports de Paris................................. 5,523 662,677 Air Liquide SA..................................... 71,013 8,952,494 * Alcatel-Lucent..................................... 469,735 1,625,802 #* Alcatel-Lucent Sponsored ADR....................... 128,100 441,945 * Alstom SA.......................................... 46,699 1,521,623 Arkema SA.......................................... 23,451 1,672,867 AtoS............................................... 31,079 2,285,230 AXA SA............................................. 334,980 7,835,833 318 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FRANCE -- (Continued) AXA SA Sponsored ADR............................... 48,048 $ 1,130,569 BioMerieux......................................... 1,600 174,792 BNP Paribas SA..................................... 203,287 10,673,656 Bollore SA(4572709)................................ 131,498 565,952 * Bollore SA(BQR9N80)................................ 500 2,091 Bouygues SA........................................ 92,693 3,303,118 Bureau Veritas SA.................................. 48,497 1,026,964 Cap Gemini SA...................................... 37,081 2,691,342 Carrefour SA....................................... 192,791 6,041,267 Casino Guichard Perrachon SA....................... 26,406 2,395,615 #* CGG SA Sponsored ADR............................... 15,607 87,555 Christian Dior SA.................................. 11,741 2,019,324 Cie de Saint-Gobain................................ 168,056 7,159,300 Cie Generale des Etablissements Michelin........... 67,366 6,560,231 CNP Assurances..................................... 60,357 1,059,596 Credit Agricole SA................................. 224,651 2,664,285 Danone SA.......................................... 115,374 7,742,841 Danone SA Sponsored ADR............................ 12,058 162,301 Dassault Systemes SA............................... 22,340 1,380,508 Edenred............................................ 53,484 1,537,164 Eiffage SA......................................... 17,115 833,290 Electricite de France SA........................... 67,202 1,821,776 * Eramet............................................. 435 34,838 Essilor International SA........................... 48,146 5,362,088 Euler Hermes Group................................. 3,115 305,046 European Aeronautic Defence and Space Co. NV....... 132,245 7,046,025 Eutelsat Communications SA......................... 36,051 1,238,477 Faurecia........................................... 21,329 856,709 GDF Suez(B0C2CQ3).................................. 410,168 9,096,860 * GDF Suez(B3B9KQ2).................................. 11,445 13 Groupe Eurotunnel SE............................... 114,615 1,538,901 * Groupe Fnac........................................ 1,746 87,574 # Hermes International............................... 3,344 1,134,852 Iliad SA........................................... 5,890 1,368,048 Imerys SA.......................................... 12,925 933,252 # Ingenico........................................... 9,652 1,009,046 Ipsen SA........................................... 2,444 124,386 JCDecaux SA........................................ 20,073 722,240 Kering............................................. 19,122 3,858,117 L'Oreal SA......................................... 44,850 8,019,372 Lafarge SA......................................... 55,892 3,829,477 Lafarge SA Sponsored ADR........................... 1,800 30,708 Lagardere SCA...................................... 26,506 724,966 Legrand SA......................................... 56,066 3,005,428 LVMH Moet Hennessy Louis Vuitton SA................ 57,518 9,250,293 Natixis SA......................................... 278,268 1,769,778 * Numericable-SFR.................................... 5,324 277,981 Orange SA(684060106)............................... 46,387 815,483 Orange SA(5176177)................................. 462,290 8,133,101 Pernod-Ricard SA................................... 39,241 4,705,302 * Peugeot SA......................................... 203,205 2,929,080 Publicis Groupe SA................................. 35,202 2,630,200 Publicis Groupe SA ADR............................. 4,537 85,522 319 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ FRANCE -- (Continued) # Remy Cointreau SA.................................. 811 $ 60,025 Renault SA......................................... 64,124 4,900,764 Rexel SA........................................... 74,884 1,399,111 Safran SA.......................................... 54,524 3,631,288 Sanofi............................................. 182,023 16,771,576 Sanofi ADR......................................... 36,868 1,699,246 Schneider Electric SE(4834108)..................... 100,220 7,533,713 Schneider Electric SE(B11BPS1)..................... 935 70,290 SCOR SE............................................ 45,879 1,428,210 SEB SA............................................. 3,563 243,825 SES SA............................................. 72,400 2,637,407 Societe BIC SA..................................... 5,723 813,723 Societe Generale SA................................ 150,386 6,038,947 * Sodexo............................................. 16,625 1,655,632 # Sodexo SA.......................................... 19,648 1,949,365 STMicroelectronics NV.............................. 182,024 1,511,411 Suez Environnement Co.............................. 71,410 1,312,683 Technip SA......................................... 24,711 1,443,041 Technip SA ADR..................................... 14,400 213,984 Thales SA.......................................... 27,931 1,470,906 Total SA........................................... 356,850 18,317,311 # Total SA Sponsored ADR............................. 157,489 8,112,258 Valeo SA........................................... 18,140 2,557,770 Vallourec SA....................................... 37,051 803,895 Veolia Environnement SA............................ 89,378 1,637,326 Veolia Environnement SA ADR........................ 17,086 311,820 Vicat.............................................. 1,981 139,127 Vinci SA........................................... 118,246 6,211,956 Vivendi SA......................................... 247,477 5,852,176 Zodiac Aerospace................................... 37,651 1,248,706 ------------ TOTAL FRANCE........................................... 270,936,257 ------------ GERMANY -- (7.3%) Adidas AG.......................................... 39,942 2,748,299 Allianz SE......................................... 62,165 10,250,469 Allianz SE ADR..................................... 250,286 4,129,719 Axel Springer SE................................... 10,034 616,996 BASF SE............................................ 183,511 16,412,790 BASF SE Sponsored ADR.............................. 8,200 734,392 Bayer AG........................................... 153,890 22,164,975 Bayer AG Sponsored ADR............................. 33,435 4,797,254 Bayerische Motoren Werke AG........................ 84,915 9,874,815 Beiersdorf AG...................................... 18,004 1,580,231 Bilfinger SE....................................... 8,723 455,717 Brenntag AG........................................ 35,175 1,914,757 Celesio AG......................................... 17,682 523,799 * Commerzbank AG..................................... 290,074 3,477,784 Continental AG..................................... 24,541 5,537,598 Daimler AG......................................... 238,746 21,621,979 # Deutsche Bank AG(D18190898)........................ 199,094 5,769,744 Deutsche Bank AG(5750355).......................... 43,898 1,274,255 Deutsche Boerse AG................................. 44,636 3,422,726 Deutsche Lufthansa AG.............................. 116,955 1,978,171 320 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) Deutsche Post AG................................... 216,214 $ 6,997,351 Deutsche Telekom AG................................ 665,682 11,475,085 Deutsche Telekom AG Sponsored ADR.................. 95,900 1,649,480 Deutsche Wohnen AG................................. 74,319 1,930,538 E.ON SE............................................ 328,427 5,084,028 E.ON SE Sponsored ADR.............................. 53,950 828,672 Fielmann AG........................................ 5,420 368,410 Fraport AG Frankfurt Airport Services Worldwide.... 9,735 594,834 Fresenius Medical Care AG & Co. KGaA............... 44,121 3,269,951 # Fresenius Medical Care AG & Co. KGaA ADR........... 14,200 526,678 Fresenius SE & Co. KGaA............................ 139,650 7,993,108 Fuchs Petrolub SE.................................. 6,553 247,473 GEA Group AG....................................... 40,070 1,811,178 Hannover Rueck SE.................................. 16,962 1,520,259 HeidelbergCement AG................................ 42,059 3,092,983 Henkel AG & Co. KGaA............................... 25,587 2,618,117 Hochtief AG........................................ 10,911 758,810 Hugo Boss AG....................................... 9,284 1,198,656 Infineon Technologies AG........................... 279,308 3,130,159 K+S AG............................................. 46,189 1,458,335 Lanxess AG......................................... 31,166 1,493,882 Linde AG........................................... 36,255 6,945,383 MAN SE............................................. 7,842 836,066 Merck KGaA......................................... 40,496 4,046,218 * Metro AG........................................... 58,161 1,789,700 MTU Aero Engines AG................................ 16,749 1,532,311 Muenchener Rueckversicherungs-Gesellschaft AG...... 36,954 7,408,598 * Osram Licht AG..................................... 19,058 876,039 Puma SE............................................ 790 150,360 * QIAGEN NV.......................................... 51,277 1,173,175 Rhoen Klinikum AG.................................. 7,853 208,053 RWE AG............................................. 194,239 5,388,075 SAP SE............................................. 139,819 9,125,672 # SAP SE Sponsored ADR............................... 21,919 1,432,626 #* SGL Carbon SE...................................... 819 13,003 # Siemens AG......................................... 134,193 14,175,727 Software AG........................................ 943 24,958 # Suedzucker AG...................................... 17,838 224,299 Symrise AG......................................... 21,569 1,411,753 * Talanx AG.......................................... 11,574 352,501 Telefonica Deutschland Holding AG.................. 121,586 674,532 #* ThyssenKrupp AG.................................... 107,795 2,800,370 United Internet AG................................. 28,463 1,233,023 Volkswagen AG...................................... 7,777 1,726,696 # Wacker Chemie AG................................... 5,787 619,637 Wirecard AG........................................ 8,066 360,544 ------------ TOTAL GERMANY.......................................... 241,863,776 ------------ HONG KONG -- (2.8%) AIA Group, Ltd..................................... 2,314,400 13,420,104 ASM Pacific Technology, Ltd........................ 49,600 448,067 Bank of East Asia, Ltd............................. 394,401 1,638,781 BOC Hong Kong Holdings, Ltd........................ 725,000 2,541,261 321 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) #* Brightoil Petroleum Holdings, Ltd.................. 333,000 $ 80,886 Cathay Pacific Airways, Ltd........................ 501,000 1,165,018 Cheung Kong Holdings, Ltd.......................... 281,600 5,373,710 Cheung Kong Infrastructure Holdings, Ltd........... 140,000 1,149,017 # Chow Tai Fook Jewellery Group, Ltd................. 237,600 314,392 CLP Holdings, Ltd.................................. 347,400 3,105,920 Esprit Holdings, Ltd............................... 486,920 550,502 * FIH Mobile, Ltd.................................... 627,000 278,920 First Pacific Co., Ltd............................. 940,400 954,266 Galaxy Entertainment Group, Ltd.................... 502,000 2,618,831 * Global Brands Group Holding, Ltd................... 1,312,000 247,192 Hang Lung Group, Ltd............................... 228,000 1,087,269 Hang Lung Properties, Ltd.......................... 576,000 1,686,211 Hang Seng Bank, Ltd................................ 146,600 2,563,855 Henderson Land Development Co., Ltd................ 299,406 2,144,042 Hong Kong & China Gas Co., Ltd..................... 1,287,151 2,950,840 Hong Kong Exchanges and Clearing, Ltd.............. 241,916 5,567,732 Hongkong & Shanghai Hotels (The)................... 94,525 135,231 Hopewell Holdings, Ltd............................. 144,500 541,530 Hutchison Whampoa, Ltd............................. 413,500 5,472,327 Hysan Development Co., Ltd......................... 184,638 894,765 Johnson Electric Holdings, Ltd..................... 111,125 404,266 Kerry Logistics Network, Ltd....................... 69,696 106,303 Kerry Properties, Ltd.............................. 289,893 1,029,945 L'Occitane International SA........................ 112,750 284,530 Li & Fung, Ltd..................................... 1,312,000 1,295,015 Lifestyle International Holdings, Ltd.............. 80,500 158,415 # Melco Crown Entertainment, Ltd..................... 1,500 12,031 Melco Crown Entertainment, Ltd. ADR................ 34,736 833,664 # Melco International Development, Ltd............... 179,000 356,860 MGM China Holdings, Ltd............................ 194,000 471,902 MTR Corp., Ltd..................................... 326,436 1,446,122 New World Development Co., Ltd..................... 2,152,587 2,571,961 NWS Holdings, Ltd.................................. 323,656 599,018 Orient Overseas International, Ltd................. 63,000 410,569 PCCW, Ltd.......................................... 1,313,712 868,093 Power Assets Holdings, Ltd......................... 251,707 2,626,177 # Prada SpA.......................................... 106,600 625,192 Samsonite International SA......................... 361,500 1,097,108 Sands China, Ltd................................... 508,800 2,470,505 Shangri-La Asia, Ltd............................... 355,655 460,769 Sino Land Co., Ltd................................. 809,267 1,357,501 SJM Holdings, Ltd.................................. 397,000 579,796 Sun Hung Kai Properties, Ltd....................... 328,108 5,330,638 Swire Pacific, Ltd. Class A........................ 178,000 2,383,700 Swire Pacific, Ltd. Class B........................ 150,000 366,444 Swire Properties, Ltd.............................. 195,600 631,736 Techtronic Industries Co., Ltd..................... 329,500 1,076,070 Television Broadcasts, Ltd......................... 52,000 323,115 # VTech Holdings, Ltd................................ 24,800 348,465 Wharf Holdings, Ltd. (The)......................... 311,609 2,534,432 Wheelock & Co., Ltd................................ 264,000 1,497,052 # Wynn Macau, Ltd.................................... 328,000 906,182 322 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- HONG KONG -- (Continued) Xinyi Glass Holdings, Ltd.......................... 396,000 $ 208,803 Yue Yuen Industrial Holdings, Ltd.................. 244,500 917,685 ----------- TOTAL HONG KONG........................................ 93,520,733 ----------- IRELAND -- (0.4%) * Bank of Ireland.................................... 6,250,916 1,881,330 #* Bank of Ireland Sponsored ADR...................... 17,922 216,139 CRH P.L.C.(4182249)................................ 19,730 475,999 CRH P.L.C.(0182704)................................ 58,738 1,419,047 CRH P.L.C. Sponsored ADR........................... 103,004 2,486,517 Dragon Oil P.L.C................................... 43,868 364,134 Glanbia P.L.C...................................... 13,243 213,213 Kerry Group P.L.C. Class A(0490656)................ 18,318 1,319,845 Kerry Group P.L.C. Class A(4519579)................ 18,895 1,369,401 Paddy Power P.L.C.................................. 1,180 91,964 * Ryanair Holdings P.L.C............................. 33,520 389,474 Smurfit Kappa Group P.L.C.......................... 89,067 2,189,739 ----------- TOTAL IRELAND.......................................... 12,416,802 ----------- ISRAEL -- (0.5%) Azrieli Group...................................... 7,492 258,457 Bank Hapoalim BM................................... 321,328 1,427,356 * Bank Leumi Le-Israel BM............................ 394,145 1,314,040 Bezeq The Israeli Telecommunication Corp., Ltd..... 488,622 779,251 * Cellcom Israel, Ltd................................ 2,105 11,116 Delek Group, Ltd................................... 1,225 299,639 Elbit Systems, Ltd.(6308913)....................... 7,453 458,248 Elbit Systems, Ltd.(M3760D101)..................... 1,593 98,431 First International Bank Of Israel, Ltd............ 2,402 30,134 Frutarom Industries, Ltd........................... 770 24,128 Israel Chemicals, Ltd.............................. 90,160 647,876 * Israel Discount Bank, Ltd. Class A................. 307,005 479,663 Migdal Insurance & Financial Holding, Ltd.......... 85,601 101,914 * Mizrahi Tefahot Bank, Ltd.......................... 32,493 354,585 NICE Systems, Ltd. Sponsored ADR................... 11,926 583,778 Osem Investments, Ltd.............................. 9,419 166,880 * Partner Communications Co., Ltd.................... 8,183 27,713 * Partner Communications Co., Ltd. ADR............... 3,525 11,738 Paz Oil Co., Ltd................................... 85 10,877 * Strauss Group, Ltd................................. 6,801 99,615 Teva Pharmaceutical Industries, Ltd................ 6,037 342,862 Teva Pharmaceutical Industries, Ltd. Sponsored ADR..................................... 157,023 8,928,328 ----------- TOTAL ISRAEL........................................... 16,456,629 ----------- ITALY -- (1.8%) Assicurazioni Generali SpA......................... 222,046 4,686,408 Atlantia SpA....................................... 98,127 2,525,652 #* Banca Carige SpA................................... 534,438 35,786 * Banca Monte dei Paschi di Siena SpA................ 503,756 227,748 * Banca Popolare dell'Emilia Romagna SC.............. 7,289 49,158 * Banco Popolare SC.................................. 98,647 1,244,911 CNH Industrial NV.................................. 213,387 1,624,466 323 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) Davide Campari-Milano SpA.......................... 51,808 $ 351,177 Enel Green Power SpA............................... 435,451 860,798 Enel SpA........................................... 1,243,206 5,617,250 Eni SpA............................................ 435,529 7,329,333 # Eni SpA Sponsored ADR.............................. 69,229 2,346,863 #* Fiat Chrysler Automobiles NV....................... 7,000 92,470 * Finmeccanica SpA................................... 102,014 1,114,153 GTECH SpA.......................................... 9,353 183,831 Intesa Sanpaolo SpA................................ 2,303,099 6,734,859 Intesa Sanpaolo SpA Sponsored ADR.................. 9,000 156,780 Luxottica Group SpA................................ 36,285 2,157,580 Luxottica Group SpA Sponsored ADR.................. 875 51,861 * Mediaset SpA....................................... 139,616 634,006 Mediobanca SpA..................................... 170,811 1,479,601 Mediolanum SpA..................................... 62,837 446,837 Parmalat SpA....................................... 80,329 227,469 Pirelli & C. SpA................................... 58,843 834,327 Prysmian SpA....................................... 33,580 621,181 #* Saipem SpA......................................... 57,784 519,862 Salvatore Ferragamo SpA............................ 9,142 264,648 Snam SpA........................................... 345,010 1,688,081 #* Telecom Italia SpA................................. 3,417,600 3,971,136 * Telecom Italia SpA Sponsored ADR................... 80,065 920,748 Tenaris SA(2167367)................................ 37,841 1,068,630 Tenaris SA(7538515)................................ 21,859 308,460 Terna Rete Elettrica Nazionale SpA................. 395,389 1,733,515 # Tod's SpA.......................................... 2,308 237,158 UniCredit SpA...................................... 917,593 5,409,446 Unione di Banche Italiane SCPA..................... 248,727 1,710,820 UnipolSai SpA...................................... 243,533 675,072 ----------- TOTAL ITALY............................................ 60,142,081 ----------- JAPAN -- (19.1%) 77 Bank, Ltd. (The)................................ 81,000 447,967 ABC-Mart, Inc...................................... 6,600 329,228 # Advantest Corp..................................... 18,340 232,679 Advantest Corp. ADR................................ 10,000 126,700 # Aeon Co., Ltd...................................... 376,500 3,976,643 Aeon Mall Co., Ltd................................. 9,548 158,283 Air Water, Inc..................................... 47,000 808,694 Aisin Seiki Co., Ltd............................... 74,100 2,588,729 Ajinomoto Co., Inc................................. 118,000 2,431,684 Alfresa Holdings Corp.............................. 39,400 467,120 Alps Electric Co., Ltd............................. 63,000 1,311,509 Amada Co., Ltd..................................... 97,000 884,061 ANA Holdings, Inc.................................. 257,000 709,758 # Anritsu Corp....................................... 24,000 157,358 Aoyama Trading Co., Ltd............................ 6,300 211,739 Aozora Bank, Ltd................................... 212,000 771,506 Asahi Glass Co., Ltd............................... 302,000 1,606,635 Asahi Group Holdings, Ltd.......................... 79,300 2,601,579 Asahi Kasei Corp................................... 393,000 3,881,291 Asics Corp......................................... 37,300 915,318 324 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Astellas Pharma, Inc............................... 405,275 $6,259,616 Autobacs Seven Co., Ltd............................ 9,900 144,942 Awa Bank, Ltd. (The)............................... 29,000 156,292 Azbil Corp......................................... 10,400 258,408 Bandai Namco Holdings, Inc......................... 43,400 878,728 Bank of Kyoto, Ltd. (The).......................... 105,000 880,287 Bank of Yokohama, Ltd. (The)....................... 334,000 1,802,218 Benesse Holdings, Inc.............................. 19,900 595,082 # Bic Camera, Inc.................................... 8,200 92,942 Bridgestone Corp................................... 144,800 5,787,269 Brother Industries, Ltd............................ 67,800 1,161,129 Calbee, Inc........................................ 14,700 574,034 Calsonic Kansei Corp............................... 43,000 244,332 Canon Marketing Japan, Inc......................... 14,800 268,932 Canon, Inc......................................... 160,100 5,064,832 # Canon, Inc. Sponsored ADR.......................... 68,804 2,168,014 # Casio Computer Co., Ltd............................ 46,400 726,383 Central Japan Railway Co........................... 27,100 4,647,206 Century Tokyo Leasing Corp......................... 16,700 394,838 Chiba Bank, Ltd. (The)............................. 213,000 1,435,443 # Chiyoda Corp....................................... 28,000 215,653 * Chubu Electric Power Co., Inc...................... 118,200 1,560,711 Chugai Pharmaceutical Co., Ltd..................... 43,400 1,297,482 Chugoku Bank, Ltd. (The)........................... 45,000 640,115 Chugoku Electric Power Co., Inc. (The)............. 51,000 705,099 Citizen Holdings Co., Ltd.......................... 93,900 749,521 # Coca-Cola East Japan Co., Ltd...................... 21,800 362,969 # Coca-Cola West Co., Ltd............................ 14,900 213,119 # COLOPL, Inc........................................ 8,700 198,828 COMSYS Holdings Corp............................... 24,700 336,025 # Cosmo Oil Co., Ltd................................. 128,000 172,580 Cosmos Pharmaceutical Corp......................... 1,700 273,927 Credit Saison Co., Ltd............................. 32,000 539,085 Dai Nippon Printing Co., Ltd....................... 175,000 1,573,845 Dai-ichi Life Insurance Co., Ltd. (The)............ 184,300 2,469,179 Daicel Corp........................................ 98,000 1,218,447 # Daido Steel Co., Ltd............................... 82,000 321,185 # Daihatsu Motor Co., Ltd............................ 90,100 1,256,397 Daiichi Sankyo Co., Ltd............................ 139,646 2,025,894 Daiichikosho Co., Ltd.............................. 8,200 237,469 Daikin Industries, Ltd............................. 52,200 3,632,387 Daikyo, Inc........................................ 98,000 144,828 Daito Trust Construction Co., Ltd.................. 17,100 1,903,483 Daiwa House Industry Co., Ltd...................... 119,000 2,191,453 Daiwa Securities Group, Inc........................ 326,000 2,368,639 # Dena Co., Ltd...................................... 41,500 545,713 Denki Kagaku Kogyo K.K............................. 113,000 445,233 Denso Corp......................................... 88,800 3,928,361 Dentsu, Inc........................................ 40,100 1,646,926 DIC Corp........................................... 389,000 963,088 Disco Corp......................................... 5,700 522,197 DMG Mori Seiki Co., Ltd............................ 18,200 236,069 Don Quijote Holdings Co., Ltd...................... 12,400 902,814 325 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Dowa Holdings Co., Ltd............................. 94,200 $ 752,157 East Japan Railway Co.............................. 63,100 4,873,724 Ebara Corp......................................... 125,000 480,801 Eisai Co., Ltd..................................... 48,900 2,438,072 Electric Power Development Co., Ltd................ 18,300 666,653 Exedy Corp......................................... 5,600 123,151 Ezaki Glico Co., Ltd............................... 7,500 307,195 FamilyMart Co., Ltd................................ 16,300 706,014 FANUC Corp......................................... 35,700 5,995,434 Fast Retailing Co., Ltd............................ 11,300 4,192,027 # FP Corp............................................ 3,400 118,663 Fuji Electric Co., Ltd............................. 184,000 786,821 Fuji Heavy Industries, Ltd......................... 133,586 4,818,085 Fuji Media Holdings, Inc........................... 15,800 198,613 FUJIFILM Holdings Corp............................. 96,300 3,254,717 Fujitsu, Ltd....................................... 437,440 2,311,643 Fukuoka Financial Group, Inc....................... 211,000 1,053,052 # Fukuyama Transporting Co., Ltd..................... 29,000 162,155 # Furukawa Electric Co., Ltd......................... 127,000 211,263 Glory, Ltd......................................... 14,900 390,477 # Gree, Inc.......................................... 27,200 154,945 GS Yuasa Corp...................................... 106,000 478,367 #* GungHo Online Entertainment, Inc................... 77,200 264,989 Gunma Bank, Ltd. (The)............................. 124,000 815,303 H2O Retailing Corp................................. 22,500 397,422 Hachijuni Bank, Ltd. (The)......................... 105,000 691,948 Hakuhodo DY Holdings, Inc.......................... 47,200 469,145 Hamamatsu Photonics K.K............................ 16,700 786,843 Hankyu Hanshin Holdings, Inc....................... 344,000 1,912,101 Haseko Corp........................................ 87,800 713,379 Heiwa Corp......................................... 20,600 414,361 Hikari Tsushin, Inc................................ 3,800 218,354 Hino Motors, Ltd................................... 53,600 758,893 Hiroshima Bank, Ltd. (The)......................... 138,000 686,437 HIS Co., Ltd....................................... 4,700 161,160 Hisamitsu Pharmaceutical Co., Inc.................. 11,500 391,283 Hitachi Capital Corp............................... 24,800 487,586 Hitachi Chemical Co., Ltd.......................... 25,900 521,060 Hitachi Construction Machinery Co., Ltd............ 34,000 628,578 Hitachi High-Technologies Corp..................... 13,265 412,076 Hitachi Metals, Ltd................................ 58,000 945,126 Hitachi Transport System, Ltd...................... 8,415 110,089 Hitachi, Ltd....................................... 793,000 5,988,808 Hitachi, Ltd. ADR.................................. 34,892 2,630,159 #* Hokkaido Electric Power Co., Inc................... 48,900 394,995 Hokuhoku Financial Group, Inc...................... 267,000 550,196 Hokuriku Electric Power Co......................... 49,400 698,128 Honda Motor Co., Ltd............................... 219,377 6,619,646 # Honda Motor Co., Ltd. Sponsored ADR................ 132,783 4,012,702 Horiba, Ltd........................................ 3,800 123,771 Hoshizaki Electric Co., Ltd........................ 6,500 329,539 # House Foods Group, Inc............................. 16,300 326,104 Hoya Corp.......................................... 94,500 3,662,119 326 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Ibiden Co., Ltd.................................... 44,500 $ 668,984 Idemitsu Kosan Co., Ltd............................ 40,500 676,022 IHI Corp........................................... 321,000 1,672,432 Iida Group Holdings Co., Ltd....................... 49,700 618,149 Inpex Corp......................................... 160,800 1,779,470 Isetan Mitsukoshi Holdings, Ltd.................... 88,080 1,248,911 Isuzu Motors, Ltd.................................. 171,400 2,281,763 # Ito En, Ltd........................................ 16,500 316,967 ITOCHU Corp........................................ 321,600 3,256,346 Itochu Techno-Solutions Corp....................... 5,900 210,554 # Iwatani Corp....................................... 59,000 380,897 Iyo Bank, Ltd. (The)............................... 61,700 711,965 Izumi Co., Ltd..................................... 16,300 584,594 J Front Retailing Co., Ltd......................... 69,600 886,929 Japan Airlines Co., Ltd............................ 24,100 815,920 Japan Airport Terminal Co., Ltd.................... 5,800 261,346 Japan Aviation Electronics Industry, Ltd........... 7,000 158,207 Japan Exchange Group, Inc.......................... 61,200 1,424,152 # Japan Steel Works, Ltd. (The)...................... 76,000 304,015 Japan Tobacco, Inc................................. 251,000 6,836,400 JFE Holdings, Inc.................................. 106,400 2,343,711 JGC Corp........................................... 36,000 732,163 Joyo Bank, Ltd. (The).............................. 170,000 854,455 JSR Corp........................................... 36,100 636,291 JTEKT Corp......................................... 63,260 1,043,293 JX Holdings, Inc................................... 663,070 2,446,882 # K's Holdings Corp.................................. 10,139 297,781 # Kagome Co., Ltd.................................... 17,600 278,720 Kagoshima Bank, Ltd. (The)......................... 13,000 81,345 Kajima Corp........................................ 173,000 684,478 Kakaku.com, Inc.................................... 30,400 430,045 Kaken Pharmaceutical Co., Ltd...................... 13,000 276,622 Kamigumi Co., Ltd.................................. 67,000 669,534 Kaneka Corp........................................ 89,000 543,220 * Kansai Electric Power Co., Inc. (The).............. 123,800 1,197,008 Kansai Paint Co., Ltd.............................. 40,000 699,132 Kao Corp........................................... 113,100 4,959,213 # Kawasaki Heavy Industries, Ltd..................... 382,000 1,830,209 # Kawasaki Kisen Kaisha, Ltd......................... 324,000 927,439 KDDI Corp.......................................... 132,000 9,317,735 # Keihan Electric Railway Co., Ltd................... 141,000 856,031 # Keikyu Corp........................................ 80,000 623,959 Keio Corp.......................................... 97,000 789,867 Keisei Electric Railway Co., Ltd................... 67,000 863,096 Keiyo Bank, Ltd. (The)............................. 43,000 234,599 Kewpie Corp........................................ 21,800 506,156 Keyence Corp....................................... 8,651 4,043,790 Kikkoman Corp...................................... 32,000 943,843 Kinden Corp........................................ 35,000 414,583 Kintetsu Corp...................................... 309,280 1,090,335 Kirin Holdings Co., Ltd............................ 178,000 2,396,630 # Kobayashi Pharmaceutical Co., Ltd.................. 8,700 581,852 Kobe Steel, Ltd.................................... 1,710,000 2,999,013 327 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Koito Manufacturing Co., Ltd....................... 22,700 $ 738,099 Komatsu, Ltd....................................... 196,000 3,843,449 Komeri Co., Ltd.................................... 5,000 107,241 Konami Corp........................................ 20,500 382,500 Konami Corp. ADR................................... 3,500 65,975 Konica Minolta, Inc................................ 164,200 1,806,924 Kose Corp.......................................... 6,390 286,091 Kubota Corp........................................ 187,000 2,776,087 Kubota Corp. Sponsored ADR......................... 8,151 604,519 Kuraray Co., Ltd................................... 75,000 941,766 Kurita Water Industries, Ltd....................... 27,000 575,194 Kyocera Corp....................................... 42,800 1,883,827 Kyocera Corp. Sponsored ADR........................ 21,658 946,888 KYORIN Holdings, Inc............................... 5,400 109,182 Kyowa Hakko Kirin Co., Ltd......................... 53,000 603,538 * Kyushu Electric Power Co., Inc..................... 72,100 695,776 Lawson, Inc........................................ 15,300 1,000,335 * Leopalace21 Corp................................... 6,300 40,763 Lintec Corp........................................ 13,800 303,672 # Lion Corp.......................................... 47,000 255,323 LIXIL Group Corp................................... 65,240 1,271,140 M3, Inc............................................ 38,900 782,501 Maeda Road Construction Co., Ltd................... 9,000 142,026 Makita Corp........................................ 20,200 896,002 Makita Corp. Sponsored ADR......................... 1,630 76,773 Marubeni Corp...................................... 468,900 2,588,204 Marui Group Co., Ltd............................... 58,400 607,044 Matsui Securities Co., Ltd......................... 34,300 290,100 Matsumotokiyoshi Holdings Co., Ltd................. 5,200 171,368 Mazda Motor Corp................................... 121,699 2,499,752 # McDonald's Holdings Co. Japan, Ltd................. 12,400 271,983 Medipal Holdings Corp.............................. 30,300 353,519 MEIJI Holdings Co., Ltd............................ 15,356 1,687,264 Minebea Co., Ltd................................... 74,000 1,141,684 Miraca Holdings, Inc............................... 17,700 792,726 MISUMI Group, Inc.................................. 18,400 687,303 Mitsubishi Chemical Holdings Corp.................. 770,490 3,993,319 Mitsubishi Corp.................................... 290,000 5,059,108 Mitsubishi Electric Corp........................... 380,000 4,394,977 Mitsubishi Estate Co., Ltd......................... 237,000 4,768,619 Mitsubishi Gas Chemical Co., Inc................... 112,000 506,391 Mitsubishi Heavy Industries, Ltd................... 591,000 3,262,079 Mitsubishi Logistics Corp.......................... 26,000 386,675 Mitsubishi Materials Corp.......................... 521,000 1,642,901 Mitsubishi Motors Corp............................. 194,599 1,645,180 Mitsubishi Shokuhin Co., Ltd....................... 1,100 24,417 Mitsubishi Tanabe Pharma Corp...................... 40,400 638,685 Mitsubishi UFJ Financial Group, Inc................ 1,164,572 6,188,845 Mitsubishi UFJ Financial Group, Inc. ADR........... 1,455,897 7,716,254 Mitsui & Co., Ltd.................................. 310,100 3,945,945 Mitsui & Co., Ltd. Sponsored ADR................... 2,559 649,986 Mitsui Chemicals, Inc.............................. 282,000 825,123 Mitsui Engineering & Shipbuilding Co., Ltd......... 114,000 185,341 328 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Mitsui Fudosan Co., Ltd............................ 157,000 $3,969,210 Mitsui Mining & Smelting Co., Ltd.................. 148,000 309,050 # Mitsui OSK Lines, Ltd.............................. 363,000 1,225,473 # Mizuho Financial Group, Inc........................ 4,320,005 7,063,717 Mizuho Financial Group, Inc. ADR................... 312,894 1,007,519 Mochida Pharmaceutical Co., Ltd.................... 1,600 87,859 MS&AD Insurance Group Holdings..................... 98,095 2,385,101 Murata Manufacturing Co., Ltd...................... 40,600 4,382,943 # Nabtesco Corp...................................... 29,000 748,678 Nagase & Co., Ltd.................................. 27,100 336,899 Nagoya Railroad Co., Ltd........................... 121,000 475,350 Nankai Electric Railway Co., Ltd................... 124,000 496,424 Nanto Bank, Ltd. (The)............................. 2,000 6,705 NEC Corp........................................... 1,001,546 2,829,021 Nexon Co., Ltd..................................... 20,400 200,806 NGK Insulators, Ltd................................ 55,000 1,108,318 NGK Spark Plug Co., Ltd............................ 34,000 1,007,926 NH Foods, Ltd...................................... 43,000 1,063,051 NHK Spring Co., Ltd................................ 54,500 491,580 Nichirei Corp...................................... 34,000 180,231 Nidec Corp......................................... 30,300 2,061,853 Nidec Corp. ADR.................................... 53,108 903,367 Nifco, Inc......................................... 12,300 423,698 Nihon Kohden Corp.................................. 5,400 267,111 # Nikon Corp......................................... 87,200 1,106,420 # Nintendo Co., Ltd.................................. 16,700 1,610,874 Nippo Corp......................................... 15,000 233,242 Nippon Electric Glass Co., Ltd..................... 97,500 503,201 Nippon Express Co., Ltd............................ 284,000 1,656,800 Nippon Kayaku Co., Ltd............................. 36,000 502,199 Nippon Paint Holdings Co., Ltd..................... 28,000 877,107 Nippon Paper Industries Co., Ltd................... 28,300 446,265 # Nippon Shinyaku Co., Ltd........................... 7,000 231,240 Nippon Shokubai Co., Ltd........................... 38,000 510,435 Nippon Steel & Sumitomo Metal Corp................. 1,589,420 3,714,940 Nippon Telegraph & Telephone Corp.................. 63,600 3,764,276 Nippon Telegraph & Telephone Corp. ADR............. 12,525 369,989 Nippon Television Holdings, Inc.................... 12,900 210,570 Nippon Yusen K.K................................... 595,000 1,769,000 # Nipro Corp......................................... 26,900 235,602 Nishi-Nippon City Bank, Ltd. (The)................. 179,000 581,277 Nishi-Nippon Railroad Co., Ltd..................... 53,000 229,448 Nissan Chemical Industries, Ltd.................... 35,600 655,439 Nissan Motor Co., Ltd.............................. 636,400 5,426,721 Nissan Shatai Co., Ltd............................. 22,000 241,772 Nisshin Seifun Group, Inc.......................... 68,970 848,244 Nisshin Steel Co., Ltd............................. 11,700 121,111 Nisshinbo Holdings, Inc............................ 39,000 438,250 Nissin Foods Holdings Co., Ltd..................... 10,000 539,697 Nitori Holdings Co., Ltd........................... 15,700 887,670 Nitto Denko Corp................................... 41,700 2,489,425 NOK Corp........................................... 20,980 603,497 Nomura Holdings, Inc............................... 378,900 2,014,478 329 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nomura Holdings, Inc. ADR.......................... 354,797 $1,876,876 Nomura Real Estate Holdings, Inc................... 37,700 634,369 Nomura Research Institute, Ltd..................... 25,900 879,405 NSK, Ltd........................................... 108,000 1,265,607 NTN Corp........................................... 181,000 774,629 NTT Data Corp...................................... 36,800 1,399,793 NTT DOCOMO, Inc.................................... 284,928 4,809,956 NTT DOCOMO, Inc. Sponsored ADR..................... 51,866 875,498 NTT Urban Development Corp......................... 27,400 262,881 Obayashi Corp...................................... 121,000 765,957 Obic Co., Ltd...................................... 14,300 479,690 Odakyu Electric Railway Co., Ltd................... 107,000 1,040,921 Oji Holdings Corp.................................. 330,000 1,243,923 # OKUMA Corp......................................... 27,000 229,744 * Olympus Corp....................................... 52,200 1,805,287 Omron Corp......................................... 45,500 1,819,028 Oracle Corp. Japan................................. 9,600 399,120 Oriental Land Co., Ltd............................. 11,300 2,737,886 Osaka Gas Co., Ltd................................. 315,000 1,241,615 OSG Corp........................................... 9,900 182,277 Otsuka Corp........................................ 13,800 476,484 Otsuka Holdings Co., Ltd........................... 69,200 2,140,983 Panasonic Corp..................................... 391,889 4,451,810 # Panasonic Corp. Sponsored ADR...................... 108,991 1,237,048 Park24 Co., Ltd.................................... 18,900 323,389 Pigeon Corp........................................ 7,800 487,019 Pola Orbis Holdings, Inc........................... 5,200 221,439 #* Rakuten, Inc....................................... 186,100 2,576,419 Resona Holdings, Inc............................... 535,000 2,654,247 # Resorttrust, Inc................................... 15,100 361,645 Ricoh Co., Ltd..................................... 266,500 2,599,807 Rinnai Corp........................................ 5,500 368,151 Rohm Co., Ltd...................................... 17,900 1,150,824 Rohto Pharmaceutical Co., Ltd...................... 18,500 248,481 Ryohin Keikaku Co., Ltd............................ 3,500 387,722 Sankyo Co., Ltd.................................... 13,000 467,221 Sankyu, Inc........................................ 7,000 28,003 # Sanrio Co., Ltd.................................... 9,900 245,306 Santen Pharmaceutical Co., Ltd..................... 10,100 630,286 Sanwa Holdings Corp................................ 42,000 290,437 Sapporo Holdings, Ltd.............................. 115,000 484,410 Sawai Pharmaceutical Co., Ltd...................... 8,200 496,221 SBI Holdings, Inc.................................. 77,350 826,530 SCSK Corp.......................................... 7,500 186,759 Secom Co., Ltd..................................... 41,100 2,385,695 Sega Sammy Holdings, Inc........................... 41,648 542,349 # Seiko Epson Corp................................... 34,600 1,405,207 Seino Holdings Co., Ltd............................ 35,000 380,846 Sekisui Chemical Co., Ltd.......................... 145,000 1,585,829 # Sekisui House, Ltd................................. 188,460 2,437,075 Seven & I Holdings Co., Ltd........................ 150,576 5,510,191 Seven Bank, Ltd.................................... 122,700 549,176 #* Sharp Corp......................................... 431,000 843,689 330 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Shiga Bank, Ltd. (The)............................. 47,000 $ 262,168 * Shikoku Electric Power Co., Inc.................... 39,500 496,713 Shimadzu Corp...................................... 55,000 571,441 Shimamura Co., Ltd................................. 5,800 515,916 Shimano, Inc....................................... 15,900 2,101,876 Shimizu Corp....................................... 118,000 814,158 Shin-Etsu Chemical Co., Ltd........................ 80,800 5,350,106 # Shinsei Bank, Ltd.................................. 432,000 783,010 Shionogi & Co., Ltd................................ 59,900 1,797,434 # Shiseido Co., Ltd.................................. 92,400 1,481,978 Shizuoka Bank, Ltd. (The).......................... 149,000 1,361,520 # Showa Denko K.K.................................... 730,000 932,996 Showa Shell Sekiyu K.K............................. 64,300 627,539 SKY Perfect JSAT Holdings, Inc..................... 54,800 331,862 SMC Corp........................................... 9,900 2,654,853 Softbank Corp...................................... 218,700 12,870,860 Sohgo Security Services Co., Ltd................... 10,300 263,622 # Sojitz Corp........................................ 317,800 410,790 Sompo Japan Nipponkoa Holdings, Inc................ 82,950 2,301,614 Sony Corp.......................................... 162,300 3,817,471 Sony Corp. Sponsored ADR........................... 74,848 1,743,210 Sony Financial Holdings, Inc....................... 38,200 530,904 Sotetsu Holdings, Inc.............................. 83,000 379,564 Square Enix Holdings Co., Ltd...................... 20,200 443,475 Stanley Electric Co., Ltd.......................... 36,700 816,834 Start Today Co., Ltd............................... 10,500 212,239 Sugi Holdings Co., Ltd............................. 7,100 333,363 #* Sumco Corp......................................... 32,100 538,728 Sumitomo Chemical Co., Ltd......................... 812,000 3,194,652 Sumitomo Corp...................................... 235,900 2,327,944 Sumitomo Dainippon Pharma Co., Ltd................. 46,700 490,917 Sumitomo Electric Industries, Ltd.................. 187,400 2,414,776 Sumitomo Forestry Co., Ltd......................... 35,800 332,975 Sumitomo Heavy Industries, Ltd..................... 133,000 719,717 Sumitomo Metal Mining Co., Ltd..................... 139,000 1,986,599 Sumitomo Mitsui Financial Group, Inc............... 286,140 9,601,952 Sumitomo Mitsui Trust Holdings, Inc................ 684,210 2,406,042 Sumitomo Osaka Cement Co., Ltd..................... 51,000 148,300 Sumitomo Realty & Development Co., Ltd............. 72,000 2,296,592 Sumitomo Rubber Industries, Ltd.................... 61,000 948,579 Sundrug Co., Ltd................................... 6,300 267,415 Suntory Beverage & Food, Ltd....................... 5,100 178,849 Suruga Bank, Ltd................................... 32,000 600,825 Suzuken Co., Ltd................................... 16,280 458,647 Suzuki Motor Corp.................................. 74,900 2,368,350 Sysmex Corp........................................ 30,300 1,354,021 T&D Holdings, Inc.................................. 180,800 2,036,095 Tadano, Ltd........................................ 32,000 385,146 Taiheiyo Cement Corp............................... 342,000 1,003,550 Taisei Corp........................................ 183,000 1,061,493 Taiyo Nippon Sanso Corp............................ 8,000 95,847 Takara Holdings, Inc............................... 23,000 146,708 Takashimaya Co., Ltd............................... 68,000 596,434 331 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) # Takata Corp........................................ 10,000 $ 116,632 Takeda Pharmaceutical Co., Ltd..................... 142,300 7,109,215 TDK Corp........................................... 38,600 2,405,614 TDK Corp. Sponsored ADR............................ 1,900 121,315 Teijin, Ltd........................................ 404,000 1,203,453 Terumo Corp........................................ 53,600 1,329,223 THK Co., Ltd....................................... 20,000 485,710 Tobu Railway Co., Ltd.............................. 168,000 807,923 # Toho Co., Ltd...................................... 18,200 411,813 Toho Gas Co., Ltd.................................. 101,000 548,812 Toho Holdings Co., Ltd............................. 7,100 98,889 Tohoku Electric Power Co., Inc..................... 74,300 935,930 Tokai Rika Co., Ltd................................ 17,400 358,301 Tokai Tokyo Financial Holdings, Inc................ 42,100 279,198 Tokio Marine Holdings, Inc......................... 138,400 4,831,847 Tokio Marine Holdings, Inc. ADR.................... 4,182 146,077 Tokyo Broadcasting System Holdings, Inc............ 8,300 94,730 * Tokyo Electric Power Co., Inc...................... 242,200 1,027,805 Tokyo Electron, Ltd................................ 31,200 2,183,789 Tokyo Gas Co., Ltd................................. 431,000 2,570,965 Tokyo Tatemono Co., Ltd............................ 88,039 594,367 Tokyu Corp......................................... 166,000 1,098,638 Tokyu Fudosan Holdings Corp........................ 135,200 837,980 TonenGeneral Sekiyu K.K............................ 65,000 574,646 Topcon Corp........................................ 11,100 219,952 Toppan Printing Co., Ltd........................... 161,000 1,075,490 Toray Industries, Inc.............................. 344,000 2,930,220 Toshiba Corp....................................... 951,000 3,802,652 Toshiba TEC Corp................................... 40,000 246,750 Tosoh Corp......................................... 204,000 1,099,735 TOTO, Ltd.......................................... 72,000 794,831 Toyo Seikan Group Holdings, Ltd.................... 40,600 520,903 Toyo Suisan Kaisha, Ltd............................ 17,000 598,077 Toyo Tire & Rubber Co., Ltd........................ 31,599 711,723 Toyobo Co., Ltd.................................... 192,000 258,228 Toyoda Gosei Co., Ltd.............................. 31,600 696,132 # Toyota Boshoku Corp................................ 29,800 393,388 Toyota Motor Corp.................................. 387,000 24,950,247 Toyota Motor Corp. Sponsored ADR................... 105,729 13,623,182 Toyota Tsusho Corp................................. 101,581 2,405,695 * Trend Micro, Inc................................... 22,800 643,897 * Trend Micro, Inc. Sponsored ADR.................... 777 22,036 TS Tech Co., Ltd................................... 16,300 410,679 # Tsumura & Co....................................... 9,000 204,804 Tsuruha Holdings, Inc.............................. 5,800 389,737 # UACJ Corp.......................................... 26,000 63,856 Ube Industries, Ltd................................ 374,000 560,123 Unicharm Corp...................................... 80,600 2,220,827 United Arrows, Ltd................................. 800 22,739 # UNY Group Holdings Co., Ltd........................ 44,100 253,732 # Ushio, Inc......................................... 18,500 214,325 USS Co., Ltd....................................... 48,700 764,032 Wacoal Holdings Corp............................... 27,000 267,621 332 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ JAPAN -- (Continued) West Japan Railway Co.............................. 27,700 $ 1,424,712 # Yahoo Japan Corp................................... 315,600 1,061,399 Yakult Honsha Co., Ltd............................. 17,200 1,041,733 # Yamada Denki Co., Ltd.............................. 236,800 879,743 Yamaguchi Financial Group, Inc..................... 51,000 530,602 Yamaha Corp........................................ 31,800 463,100 Yamaha Motor Co., Ltd.............................. 69,200 1,517,723 Yamato Holdings Co., Ltd........................... 65,700 1,485,900 Yamato Kogyo Co., Ltd.............................. 8,700 223,902 Yamazaki Baking Co., Ltd........................... 24,000 353,353 # Yaskawa Electric Corp.............................. 65,300 834,795 Yokogawa Electric Corp............................. 50,500 528,718 Yokohama Rubber Co., Ltd. (The).................... 88,000 827,901 # Zensho Holdings Co., Ltd........................... 6,000 54,250 Zeon Corp.......................................... 65,000 663,763 ------------ TOTAL JAPAN............................................ 629,456,881 ------------ NETHERLANDS -- (2.4%) Aegon NV(5927375).................................. 526,811 3,754,510 Aegon NV(007924103)................................ 23,335 166,612 Akzo Nobel NV...................................... 86,610 6,239,489 Akzo Nobel NV Sponsored ADR........................ 5,988 144,490 ArcelorMittal(B03XPL1)............................. 185,283 1,770,137 # ArcelorMittal(B295F26)............................. 113,405 1,093,224 ASML Holding NV(B929F46)........................... 49,663 5,180,234 ASML Holding NV(B908F01)........................... 16,254 1,689,441 Boskalis Westminster NV............................ 34,378 1,519,800 Delta Lloyd NV..................................... 65,769 1,242,619 Fugro NV........................................... 15,891 344,599 # Gemalto NV......................................... 18,125 1,312,383 Heineken NV........................................ 47,451 3,541,185 * ING Groep NV....................................... 414,267 5,150,334 #* ING Groep NV Sponsored ADR......................... 333,017 4,142,731 Koninklijke Ahold NV............................... 285,672 5,155,939 Koninklijke Ahold NV Sponsored ADR................. 7,679 138,836 Koninklijke DSM NV................................. 45,047 2,389,328 Koninklijke KPN NV................................. 1,191,869 3,678,561 Koninklijke Philips NV(500472303).................. 11,806 325,728 Koninklijke Philips NV(5986622).................... 179,948 4,962,041 Koninklijke Vopak NV............................... 22,434 1,251,087 Randstad Holding NV................................ 35,442 1,862,972 Reed Elsevier NV................................... 120,288 2,940,867 Reed Elsevier NV Sponsored ADR..................... 22,835 1,113,891 TNT Express NV..................................... 56,732 371,046 Unilever NV(904784709)............................. 94,516 4,099,159 Unilever NV(B12T3J1)............................... 270,179 11,716,211 Wolters Kluwer NV.................................. 103,828 3,101,636 ------------ TOTAL NETHERLANDS...................................... 80,399,090 ------------ NEW ZEALAND -- (0.1%) Auckland International Airport, Ltd................ 182,313 589,649 * Chorus, Ltd........................................ 57,576 110,661 333 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NEW ZEALAND -- (Continued) Contact Energy, Ltd................................ 68,075 $ 349,373 Fletcher Building, Ltd............................. 165,407 1,004,809 # Ryman Healthcare, Ltd.............................. 27,430 164,201 SKYCITY Entertainment Group, Ltd................... 403 1,150 Spark New Zealand, Ltd............................. 481,450 1,153,650 # TrustPower, Ltd.................................... 8,019 48,823 * Xero, Ltd.......................................... 1,961 22,135 ----------- TOTAL NEW ZEALAND...................................... 3,444,451 ----------- NORWAY -- (0.7%) # Akastor ASA........................................ 40,633 99,900 Aker ASA Class A................................... 4,790 102,307 * Aker Solutions ASA................................. 40,633 198,364 * Archer, Ltd........................................ 31,266 12,405 #* Det Norske Oljeselskap ASA......................... 9,362 39,118 DNB ASA............................................ 199,568 2,891,462 #* DNO ASA............................................ 83,791 184,615 # Fred Olsen Energy ASA.............................. 7,661 64,203 Gjensidige Forsikring ASA.......................... 34,121 575,227 Golar LNG, Ltd..................................... 6,906 195,854 Kongsberg Gruppen ASA.............................. 11,026 186,465 Leroey Seafood Group ASA........................... 4,837 169,593 Marine Harvest ASA................................. 60,248 788,137 Norsk Hydro ASA.................................... 343,242 2,017,144 Norsk Hydro ASA Sponsored ADR...................... 11,200 66,192 Opera Software ASA................................. 1,924 25,488 Orkla ASA.......................................... 149,735 1,103,523 # Petroleum Geo-Services ASA......................... 87,460 475,546 Prosafe SE......................................... 36,219 96,698 Salmar ASA......................................... 6,761 104,377 Schibsted ASA...................................... 14,887 958,987 # Seadrill, Ltd.(B09RMQ1)............................ 94,151 1,006,190 # Seadrill, Ltd.(B0HWHV8)............................ 19,180 205,993 SpareBank 1 SR Bank ASA............................ 24,305 152,624 Statoil ASA........................................ 237,958 3,984,911 # Statoil ASA Sponsored ADR.......................... 38,709 650,311 Stolt-Nielsen, Ltd................................. 900 14,210 * Storebrand ASA..................................... 135,061 408,287 Subsea 7 SA........................................ 88,597 753,653 Telenor ASA........................................ 163,933 3,521,735 # TGS Nopec Geophysical Co. ASA...................... 25,087 581,906 Yara International ASA............................. 40,858 2,127,163 ----------- TOTAL NORWAY........................................... 23,762,588 ----------- PORTUGAL -- (0.1%) #* Banco Comercial Portugues SA....................... 6,600,463 464,845 * Banco Espirito Santo SA............................ 513,592 -- EDP - Energias de Portugal SA...................... 468,453 1,781,963 EDP Renovaveis SA.................................. 68,539 458,151 Galp Energia SGPS SA............................... 104,180 1,100,598 Jeronimo Martins SGPS SA........................... 49,432 531,708 # Portugal Telecom SGPS SA........................... 103,660 72,249 334 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- PORTUGAL -- (Continued) # Portugal Telecom SGPS SA Sponsored ADR............. 20,300 $ 14,677 ----------- TOTAL PORTUGAL......................................... 4,424,191 ----------- SINGAPORE -- (1.4%) #* Biosensors International Group, Ltd................ 152,000 72,386 CapitaLand, Ltd.................................... 728,750 1,870,389 City Developments, Ltd............................. 108,000 800,493 ComfortDelGro Corp., Ltd........................... 430,000 911,817 Cosco Corp. Singapore, Ltd......................... 132,000 52,700 DBS Group Holdings, Ltd............................ 370,370 5,399,853 # Ezion Holdings, Ltd................................ 449,200 421,153 # First Resources, Ltd............................... 138,000 189,547 # Genting Hong Kong, Ltd............................. 83,000 30,115 Genting Singapore P.L.C............................ 1,300,000 1,036,509 Global Logistic Properties, Ltd.................... 558,000 1,041,110 Golden Agri-Resources, Ltd......................... 2,308,000 715,949 # Great Eastern Holdings, Ltd........................ 13,000 232,346 GuocoLand, Ltd..................................... 58,000 77,002 Hongkong Land Holdings, Ltd........................ 230,000 1,703,165 Hutchison Port Holdings Trust...................... 1,196,000 852,817 Jardine Cycle & Carriage, Ltd...................... 26,339 822,096 Keppel Corp., Ltd.................................. 307,600 1,975,579 Keppel Land, Ltd................................... 206,000 690,813 M1, Ltd............................................ 88,000 243,319 #* Neptune Orient Lines, Ltd.......................... 153,000 114,039 Noble Group, Ltd................................... 1,494,000 1,168,674 OUE, Ltd........................................... 44,000 71,457 Oversea-Chinese Banking Corp., Ltd................. 602,349 4,620,114 # Petra Foods, Ltd................................... 43,000 126,772 Raffles Medical Group, Ltd......................... 87,000 255,026 SATS, Ltd.......................................... 217,736 475,901 SembCorp Industries, Ltd........................... 281,320 894,581 # SembCorp Marine, Ltd............................... 196,000 433,728 # SIA Engineering Co., Ltd........................... 32,000 103,038 Singapore Airlines, Ltd............................ 174,400 1,628,987 Singapore Exchange, Ltd............................ 200,000 1,147,383 Singapore Post, Ltd................................ 281,000 444,226 # Singapore Press Holdings, Ltd...................... 320,000 975,875 Singapore Technologies Engineering, Ltd............ 372,000 922,750 Singapore Telecommunications, Ltd.................. 1,823,650 5,491,872 SMRT Corp., Ltd.................................... 215,000 277,913 StarHub, Ltd....................................... 125,000 385,806 # Super Group, Ltd................................... 22,000 18,028 United Industrial Corp., Ltd....................... 96,909 252,334 United Overseas Bank, Ltd.......................... 254,289 4,348,537 UOL Group, Ltd..................................... 171,987 915,291 Venture Corp., Ltd................................. 48,000 288,240 Wilmar International, Ltd.......................... 382,000 906,559 ----------- TOTAL SINGAPORE........................................ 45,406,289 ----------- SPAIN -- (2.7%) Abertis Infraestructuras SA........................ 112,760 2,208,130 335 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SPAIN -- (Continued) * Acciona SA......................................... 8,660 $ 619,050 Acerinox SA........................................ 23,737 353,388 ACS Actividades de Construccion y Servicios SA..... 39,637 1,378,564 # Amadeus IT Holding SA Class A...................... 100,436 4,027,910 Banco Bilbao Vizcaya Argentaria SA................. 548,744 4,687,563 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR... 550,927 4,693,898 Banco de Sabadell SA............................... 1,702,051 4,301,227 * Banco Popular...................................... 2,260 9,587 Banco Popular Espanol SA........................... 533,650 2,255,714 Banco Santander SA................................. 1,339,052 9,006,555 Banco Santander SA Sponsored ADR................... 774,376 5,180,575 * Bankia SA.......................................... 954,919 1,248,918 Bankinter SA....................................... 200,716 1,394,489 CaixaBank SA....................................... 410,481 1,787,951 Distribuidora Internacional de Alimentacion SA..... 129,911 841,061 Enagas SA.......................................... 71,187 2,254,317 Ferrovial SA....................................... 76,620 1,520,054 Gas Natural SDG SA................................. 78,007 1,831,118 Grifols SA......................................... 30,279 1,270,183 Iberdrola SA....................................... 1,309,905 9,041,519 Inditex SA......................................... 222,360 6,553,735 Mapfre SA.......................................... 459,683 1,547,457 * Mediaset Espana Comunicacion SA.................... 51,418 625,970 Obrascon Huarte Lain SA............................ 5,256 121,450 Prosegur Cia de Seguridad SA....................... 26,700 148,501 Red Electrica Corp. SA............................. 26,017 2,216,599 Repsol SA.......................................... 128,835 2,282,276 Repsol SA Sponsored ADR............................ 85,609 1,523,840 Telefonica SA...................................... 566,398 8,493,373 # Telefonica SA Sponsored ADR........................ 381,581 5,689,373 # Zardoya Otis SA.................................... 32,093 365,489 ----------- TOTAL SPAIN............................................ 89,479,834 ----------- SWEDEN -- (2.8%) Alfa Laval AB...................................... 77,031 1,430,865 Assa Abloy AB Class B.............................. 82,362 4,498,113 Atlas Copco AB Class A............................. 148,458 4,395,638 Atlas Copco AB Class B............................. 82,978 2,269,544 Axfood AB.......................................... 311 18,875 BillerudKorsnas AB................................. 53,715 815,365 Boliden AB......................................... 95,090 1,485,470 Electrolux AB Series B............................. 66,573 2,049,016 Elekta AB Class B.................................. 68,768 737,151 Getinge AB Class B................................. 62,134 1,531,447 Hennes & Mauritz AB Class B........................ 213,230 8,771,586 Hexagon AB Class B................................. 49,033 1,552,532 Hexpol AB.......................................... 3,846 385,853 Holmen AB Class B.................................. 6,705 241,923 Husqvarna AB Class A............................... 12,600 87,932 Husqvarna AB Class B............................... 107,146 744,147 ICA Gruppen AB..................................... 19,407 745,645 * Lundin Petroleum AB................................ 46,131 598,460 Meda AB Class A.................................... 82,072 1,155,908 336 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Millicom International Cellular SA................. 17,738 $ 1,131,161 Modern Times Group AB Class B...................... 8,337 235,952 NCC AB Class A..................................... 431 13,950 NCC AB Class B..................................... 33,716 1,090,185 Nibe Industrier AB Class B......................... 17,567 446,241 Nordea Bank AB..................................... 636,373 8,079,241 # Ratos AB Class B................................... 43,167 269,702 Saab AB Class B.................................... 8,215 199,973 Sandvik AB......................................... 298,519 3,133,431 Securitas AB Class B............................... 121,441 1,480,234 Skandinaviska Enskilda Banken AB Class A........... 321,475 3,871,072 Skanska AB Class B................................. 96,004 2,127,854 SKF AB Class A..................................... 545 12,874 SKF AB Class B..................................... 99,425 2,343,634 #* SSAB AB Class A.................................... 46,577 226,196 * SSAB AB Class B.................................... 37,321 160,615 Svenska Cellulosa AB Class A....................... 5,862 141,533 Svenska Cellulosa AB Class B....................... 195,423 4,710,498 Svenska Handelsbanken AB Class A................... 105,273 4,985,092 Svenska Handelsbanken AB Class B................... 782 36,450 Swedbank AB Class A................................ 188,752 4,566,070 Swedish Match AB................................... 48,871 1,591,089 * Swedish Orphan Biovitrum AB........................ 12,618 132,260 Tele2 AB Class B................................... 134,492 1,521,477 Telefonaktiebolaget LM Ericsson Class A............ 14,581 170,596 Telefonaktiebolaget LM Ericsson Class B............ 568,712 6,895,209 Telefonaktiebolaget LM Ericsson Sponsored ADR...... 44,578 540,731 TeliaSonera AB..................................... 509,051 3,136,650 Trelleborg AB Class B.............................. 66,625 1,204,915 Volvo AB Class A................................... 79,048 930,753 Volvo AB Class B................................... 285,015 3,336,738 # Volvo AB Sponsored ADR............................. 14,500 169,795 ----------- TOTAL SWEDEN........................................... 92,407,641 ----------- SWITZERLAND -- (8.0%) ABB, Ltd........................................... 381,451 7,333,857 # ABB, Ltd. Sponsored ADR............................ 175,582 3,360,639 Actelion, Ltd...................................... 23,789 2,627,745 Adecco SA.......................................... 63,216 4,722,458 Aryzta AG.......................................... 27,575 2,067,281 Baloise Holding AG................................. 12,898 1,678,896 Banque Cantonale Vaudoise.......................... 538 313,902 Barry Callebaut AG................................. 586 584,305 Chocoladefabriken Lindt & Sprungli AG.............. 22 1,385,890 Cie Financiere Richemont SA........................ 105,845 8,793,401 Clariant AG........................................ 160,031 2,571,101 Credit Suisse Group AG............................. 232,335 4,892,009 Credit Suisse Group AG Sponsored ADR............... 71,274 1,499,605 DKSH Holding AG.................................... 7,273 552,117 * Dufry AG........................................... 7,179 1,054,611 EMS-Chemie Holding AG.............................. 1,767 682,600 Galenica AG........................................ 1,651 1,326,695 Geberit AG......................................... 8,946 3,056,350 337 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SWITZERLAND -- (Continued) Givaudan SA........................................ 2,545 $ 4,639,090 Holcim, Ltd........................................ 64,411 4,503,157 Julius Baer Group, Ltd............................. 63,827 2,596,746 Kuehne + Nagel International AG.................... 12,141 1,671,260 Lonza Group AG..................................... 18,379 2,176,739 Nestle SA.......................................... 682,896 52,153,423 Novartis AG........................................ 335,368 32,682,524 Novartis AG ADR.................................... 87,725 8,544,415 OC Oerlikon Corp. AG............................... 47,466 539,908 Partners Group Holding AG.......................... 3,610 966,109 PSP Swiss Property AG.............................. 2,517 259,811 Roche Holding AG(7108918).......................... 5,602 1,536,751 Roche Holding AG(7110388).......................... 159,373 42,953,793 Schindler Holding AG............................... 4,306 627,021 SGS SA............................................. 1,287 2,441,302 Sika AG............................................ 790 2,713,254 Sonova Holding AG.................................. 9,165 1,204,067 Sulzer AG.......................................... 6,198 656,246 Swatch Group AG (The)(7184725)..................... 9,378 3,729,763 Swatch Group AG (The)(7184736)..................... 16,562 1,217,509 Swiss Life Holding AG.............................. 9,137 2,038,953 Swiss Re AG........................................ 99,112 8,940,635 Swisscom AG........................................ 5,947 3,486,834 Syngenta AG........................................ 20,620 6,716,626 Syngenta AG ADR.................................... 37,300 2,427,484 UBS Group AG(BRJL176).............................. 590,475 9,896,983 * UBS Group AG(H42097107)............................ 124,245 2,072,407 Zurich Insurance Group AG.......................... 30,463 10,100,866 ------------ TOTAL SWITZERLAND...................................... 261,997,138 ------------ UNITED KINGDOM -- (17.2%) Aberdeen Asset Management P.L.C.................... 312,580 2,051,877 Admiral Group P.L.C................................ 38,462 836,720 Aggreko P.L.C...................................... 95,278 2,222,076 Amec Foster Wheeler P.L.C.......................... 91,482 1,093,782 Anglo American P.L.C............................... 381,648 6,374,902 Antofagasta P.L.C.................................. 141,626 1,380,873 ARM Holdings P.L.C................................. 157,970 2,462,030 ARM Holdings P.L.C. Sponsored ADR.................. 34,545 1,618,088 # Ashmore Group P.L.C................................ 41,357 174,044 Ashtead Group P.L.C................................ 147,132 2,394,207 Associated British Foods P.L.C..................... 74,044 3,453,206 AstraZeneca P.L.C.................................. 135,231 9,626,468 AstraZeneca P.L.C. Sponsored ADR................... 119,803 8,510,805 Aviva P.L.C........................................ 901,605 7,153,231 # Aviva P.L.C. Sponsored ADR......................... 15,032 238,859 Babcock International Group P.L.C.................. 156,266 2,362,969 BAE Systems P.L.C.................................. 934,762 7,115,982 Barclays P.L.C..................................... 941,718 3,307,339 Barclays P.L.C. Sponsored ADR...................... 553,684 7,773,723 Barratt Developments P.L.C......................... 253,367 1,744,046 Berkeley Group Holdings P.L.C...................... 24,879 906,859 BG Group P.L.C..................................... 671,968 8,962,622 338 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) # BG Group P.L.C. Sponsored ADR...................... 56,914 $ 774,315 BHP Billiton P.L.C................................. 174,338 3,786,713 # BHP Billiton P.L.C. ADR............................ 136,888 5,980,637 BP P.L.C........................................... 491,728 3,158,876 BP P.L.C. Sponsored ADR............................ 574,678 22,314,747 British American Tobacco P.L.C..................... 319,863 18,045,399 British American Tobacco P.L.C. Sponsored ADR...... 43,359 4,884,391 BT Group P.L.C..................................... 1,169,312 7,335,852 # BT Group P.L.C. Sponsored ADR...................... 35,602 2,235,094 Bunzl P.L.C........................................ 67,700 1,928,564 Burberry Group P.L.C............................... 100,767 2,617,872 Capita P.L.C....................................... 155,602 2,613,108 Carnival P.L.C..................................... 33,012 1,477,985 Carnival P.L.C. ADR................................ 19,088 850,561 Centrica P.L.C..................................... 1,480,918 6,535,330 Cobham P.L.C....................................... 356,257 1,746,330 Coca-Cola HBC AG................................... 46,325 744,568 Compass Group P.L.C................................ 373,350 6,436,988 Croda International P.L.C.......................... 27,052 1,080,358 Daily Mail & General Trust P.L.C................... 23,494 304,359 Diageo P.L.C....................................... 171,286 5,070,172 Diageo P.L.C. Sponsored ADR........................ 84,093 9,933,906 Direct Line Insurance Group P.L.C.................. 297,733 1,396,266 Dixons Carphone P.L.C.............................. 278,106 1,817,442 easyJet P.L.C...................................... 43,766 1,220,322 Experian P.L.C..................................... 265,943 4,686,192 Fresnillo P.L.C.................................... 42,695 576,702 Friends Life Group, Ltd............................ 369,072 2,207,005 G4S P.L.C.......................................... 526,900 2,257,826 GKN P.L.C.......................................... 579,152 3,198,559 GlaxoSmithKline P.L.C.............................. 559,468 12,318,770 # GlaxoSmithKline P.L.C. Sponsored ADR............... 251,446 11,063,624 Glencore P.L.C..................................... 1,700,077 6,338,874 Hargreaves Lansdown P.L.C.......................... 36,360 551,167 Hikma Pharmaceuticals P.L.C........................ 41,932 1,485,827 HSBC Holdings P.L.C................................ 1,656,444 15,155,147 HSBC Holdings P.L.C. Sponsored ADR................. 376,440 17,210,836 ICAP P.L.C......................................... 101,460 712,456 IMI P.L.C.......................................... 56,153 1,075,283 Imperial Tobacco Group P.L.C....................... 176,386 8,284,670 # Imperial Tobacco Group P.L.C. ADR.................. 19,700 1,840,374 * Indivior P.L.C..................................... 128,515 336,811 Informa P.L.C...................................... 111,055 853,898 Inmarsat P.L.C..................................... 95,575 1,197,582 InterContinental Hotels Group P.L.C................ 55,560 2,215,589 * International Consolidated Airlines Group SA....... 296,621 2,416,329 Intertek Group P.L.C............................... 36,370 1,252,619 Investec P.L.C..................................... 143,706 1,207,451 ITV P.L.C.......................................... 913,026 3,021,678 J Sainsbury P.L.C.................................. 385,985 1,479,099 John Wood Group P.L.C.............................. 72,050 618,867 Johnson Matthey P.L.C.............................. 59,496 2,910,598 * KAZ Minerals P.L.C................................. 51,525 155,315 339 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- UNITED KINGDOM -- (Continued) Kingfisher P.L.C................................... 555,536 $ 2,857,768 Legal & General Group P.L.C........................ 1,200,837 4,822,708 * Liberty Global P.L.C. Class A...................... 6,400 298,991 * Liberty Global P.L.C. Series C..................... 15,789 719,810 * Lloyds Banking Group P.L.C......................... 10,497,885 11,629,703 * Lloyds Banking Group P.L.C. ADR.................... 819,492 3,597,570 London Stock Exchange Group P.L.C.................. 67,708 2,404,081 Man Group P.L.C.................................... 323,056 869,713 Marks & Spencer Group P.L.C........................ 425,243 3,091,146 Meggitt P.L.C...................................... 219,627 1,775,440 Melrose Industries P.L.C........................... 226,842 902,993 Mondi P.L.C........................................ 120,114 2,142,698 National Grid P.L.C................................ 328,065 4,612,267 National Grid P.L.C. Sponsored ADR................. 70,920 4,988,512 Next P.L.C......................................... 37,386 4,062,665 Old Mutual P.L.C................................... 1,473,967 4,598,584 Pearson P.L.C...................................... 117,177 2,377,496 Pearson P.L.C. Sponsored ADR....................... 63,958 1,295,789 # Pennon Group P.L.C................................. 84,424 1,128,508 Persimmon P.L.C.................................... 78,604 1,881,696 Petrofac, Ltd...................................... 81,927 867,983 Prudential P.L.C................................... 330,896 8,044,212 Prudential P.L.C. ADR.............................. 61,265 2,973,803 Randgold Resources, Ltd............................ 15,527 1,332,678 Reckitt Benckiser Group P.L.C...................... 133,973 11,338,786 Reed Elsevier P.L.C................................ 161,764 2,808,387 # Reed Elsevier P.L.C. Sponsored ADR................. 27,109 1,884,075 Rexam P.L.C........................................ 238,739 1,525,606 Rio Tinto P.L.C.................................... 162,807 7,154,224 # Rio Tinto P.L.C. Sponsored ADR..................... 106,931 4,718,865 Rolls-Royce Holdings P.L.C......................... 442,168 5,907,375 * Royal Bank of Scotland Group P.L.C................. 390,043 2,117,825 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 33,709 366,080 # Royal Dutch Shell P.L.C.(B03MM73).................. 236,955 15,162,750 Royal Dutch Shell P.L.C.(B03MLX2).................. 227,761 6,941,144 Royal Dutch Shell P.L.C. ADR....................... 214,807 13,199,890 Royal Dutch Shell P.L.C. Class A................... 45,507 1,384,593 Royal Mail P.L.C................................... 1,936 12,654 * RSA Insurance Group P.L.C.......................... 232,475 1,586,357 SABMiller P.L.C.................................... 165,893 9,035,563 Sage Group P.L.C. (The)............................ 322,404 2,324,164 Schroders P.L.C.(0239581).......................... 10,724 360,750 Schroders P.L.C.(0240549).......................... 23,137 1,005,432 Severn Trent P.L.C................................. 62,180 2,013,062 Shire P.L.C.(B39JBM7).............................. 18,687 4,097,312 Shire P.L.C.(B2QKY05).............................. 65,177 4,757,131 Sky P.L.C.......................................... 246,044 3,431,126 Sky P.L.C. Sponsored ADR........................... 647 36,103 Smith & Nephew P.L.C............................... 128,902 2,298,695 Smith & Nephew P.L.C. Sponsored ADR................ 32,438 1,161,263 Smiths Group P.L.C................................. 132,673 2,245,362 * Sports Direct International P.L.C.................. 69,532 741,553 SSE P.L.C.......................................... 243,869 5,901,298 340 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- UNITED KINGDOM -- (Continued) St James's Place P.L.C......................... 177,717 $ 2,286,480 Standard Chartered P.L.C....................... 449,136 5,989,178 Standard Life P.L.C............................ 469,495 2,836,615 Tate & Lyle P.L.C.............................. 102,619 1,046,603 Taylor Wimpey P.L.C............................ 797,030 1,619,217 Tesco P.L.C.................................... 2,339,383 7,911,003 Travis Perkins P.L.C........................... 59,354 1,712,734 * TUI AG......................................... 49,910 862,998 Tullow Oil P.L.C............................... 145,530 800,614 Unilever P.L.C................................. 92,805 4,086,578 Unilever P.L.C. Sponsored ADR.................. 186,164 8,185,631 United Utilities Group P.L.C................... 143,990 2,222,322 United Utilities Group P.L.C. ADR.............. 5,177 159,918 Vedanta Resources P.L.C........................ 26,516 148,172 Vodafone Group P.L.C........................... 1,865,884 6,561,339 Vodafone Group P.L.C. Sponsored ADR............ 316,816 11,129,759 Weir Group P.L.C. (The)........................ 64,499 1,626,139 Whitbread P.L.C................................ 48,016 3,604,120 William Hill P.L.C............................. 177,809 1,007,392 WM Morrison Supermarkets P.L.C................. 868,571 2,343,511 Wolseley P.L.C................................. 67,762 3,927,829 Wolseley P.L.C. ADR............................ 17,864 102,899 WPP P.L.C...................................... 217,766 4,788,799 # WPP P.L.C. Sponsored ADR....................... 13,475 1,483,867 -------------- TOTAL UNITED KINGDOM................................. 567,921,967 -------------- TOTAL COMMON STOCKS.................................. 3,113,152,354 -------------- PREFERRED STOCKS -- (0.0%) GERMANY -- (0.0%) Porsche Automobil Holding SE................... 19,267 1,614,627 -------------- RIGHTS/WARRANTS -- (0.0%) FRANCE -- (0.0%) * Groupe Fnac Rights 05/16/15.................... 3 17 -------------- SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA.................................. 39,637 20,155 * Banco Santander SA............................. 1,339,051 204,991 -------------- TOTAL SPAIN.......................................... 225,146 -------------- TOTAL RIGHTS/WARRANTS................................ 225,163 -------------- SECURITIES LENDING COLLATERAL -- (5.6%) (S)@ DFA Short Term Investment Fund................. 15,888,534 183,830,342 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,865,631,651)^^............................. $3,298,822,486 ============== 341 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia................ $ 6,628,460 $ 197,844,575 -- $ 204,473,035 Austria.................. 31,404 6,498,062 -- 6,529,466 Belgium.................. 4,213,050 38,424,771 -- 42,637,821 Canada................... 286,540,834 -- -- 286,540,834 Denmark.................. 5,193,691 42,611,147 -- 47,804,838 Finland.................. 1,746,240 29,383,772 -- 31,130,012 France................... 13,093,482 257,842,775 -- 270,936,257 Germany.................. 19,868,565 221,995,211 -- 241,863,776 Hong Kong................ 833,664 92,687,069 -- 93,520,733 Ireland.................. 2,702,656 9,714,146 -- 12,416,802 Israel................... 9,622,275 6,834,354 -- 16,456,629 Italy.................... 4,637,352 55,504,729 -- 60,142,081 Japan.................... 40,924,087 588,532,794 -- 629,456,881 Netherlands.............. 12,914,112 67,484,978 -- 80,399,090 New Zealand.............. -- 3,444,451 -- 3,444,451 Norway................... 1,118,350 22,644,238 -- 23,762,588 Portugal................. 14,677 4,409,514 -- 4,424,191 Singapore................ -- 45,406,289 -- 45,406,289 Spain.................... 17,087,686 72,392,148 -- 89,479,834 Sweden................... 710,526 91,697,115 -- 92,407,641 Switzerland.............. 27,801,533 234,195,605 -- 261,997,138 United Kingdom........... 171,992,656 395,929,311 -- 567,921,967 Preferred Stocks Germany.................. -- 1,614,627 -- 1,614,627 Rights/Warrants France................... -- 17 -- 17 Spain.................... -- 225,146 -- 225,146 Securities Lending Collateral................ -- 183,830,342 -- 183,830,342 ------------ -------------- -- -------------- TOTAL....................... $627,675,300 $2,671,147,186 -- $3,298,822,486 ============ ============== == ============== 342 INTERNATIONAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (91.3%) AUSTRALIA -- (5.7%) # Acrux, Ltd......................................... 150,978 $ 178,619 Adelaide Brighton, Ltd............................. 1,086,354 3,010,648 * Aditya Birla Minerals, Ltd......................... 222,001 34,405 * AED Oil, Ltd....................................... 237,059 -- AGL Energy, Ltd.................................... 284,612 3,146,299 # Ainsworth Game Technology, Ltd..................... 168,080 382,925 * AJ Lucas Group, Ltd................................ 37,498 10,625 * Alcyone Resources, Ltd............................. 103,559 30 * Alkane Resources, Ltd.............................. 65,640 13,347 # ALS, Ltd........................................... 433,241 1,635,881 # Altium, Ltd........................................ 122,300 284,624 * Alumina, Ltd....................................... 4,151,094 6,213,411 * Alumina, Ltd. Sponsored ADR........................ 455,827 2,712,171 Amalgamated Holdings, Ltd.......................... 180,162 1,645,464 # Amcom Telecommunications, Ltd...................... 390,666 865,456 Amcor, Ltd......................................... 577,728 5,709,815 # Amcor, Ltd. Sponsored ADR.......................... 29,714 1,174,594 AMP, Ltd........................................... 4,052,686 18,073,417 Ansell, Ltd........................................ 255,821 4,490,350 #* Antares Energy, Ltd................................ 247,581 33,942 # AP Eagers, Ltd..................................... 58,625 282,049 # APA Group.......................................... 1,185,576 7,473,588 * APN News & Media, Ltd.............................. 1,173,151 738,008 #* Aquarius Platinum, Ltd............................. 898,617 192,662 # ARB Corp., Ltd..................................... 108,827 975,290 Aristocrat Leisure, Ltd............................ 618,651 3,351,454 Arrium, Ltd........................................ 6,247,201 985,898 Asciano, Ltd....................................... 1,543,026 7,183,932 * ASG Group, Ltd..................................... 215,202 110,216 ASX, Ltd........................................... 157,177 4,645,470 * Atlantic, Ltd...................................... 34,067 870 # Atlas Iron, Ltd.................................... 2,011,431 262,852 Aurizon Holdings, Ltd.............................. 828,473 3,168,011 # Ausdrill, Ltd...................................... 512,471 148,706 * Ausenco, Ltd....................................... 234,794 75,431 # AusNet Services.................................... 1,822,117 1,977,802 * Austal, Ltd........................................ 211,149 253,559 # Austbrokers Holdings, Ltd.......................... 38,892 267,637 # Austin Engineering, Ltd............................ 51,043 27,466 Australia & New Zealand Banking Group, Ltd......... 1,339,448 34,192,703 #* Australian Agricultural Co., Ltd................... 655,249 813,635 Australian Pharmaceutical Industries, Ltd.......... 476,014 336,483 Automotive Holdings Group, Ltd..................... 659,843 1,929,712 AVJennings, Ltd.................................... 200,265 88,384 * AWE, Ltd........................................... 1,192,721 1,238,347 Bank of Queensland, Ltd............................ 768,623 7,445,520 # BC Iron, Ltd....................................... 207,067 73,651 Beach Energy, Ltd.................................. 3,033,555 2,258,442 #* Beadell Resources, Ltd............................. 898,405 207,014 # Bega Cheese, Ltd................................... 142,430 563,674 # Bendigo and Adelaide Bank, Ltd..................... 961,394 9,956,230 343 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) BHP Billiton, Ltd.................................. 1,786,554 $41,206,387 # BHP Billiton, Ltd. Sponsored ADR................... 517,106 23,957,521 * Billabong International, Ltd....................... 881,266 439,349 # Blackmores, Ltd.................................... 4,171 130,936 * BlueScope Steel, Ltd............................... 1,052,818 4,078,616 #* Boart Longyear, Ltd................................ 770,525 97,688 * Boom Logistics, Ltd................................ 320,214 32,431 Boral, Ltd......................................... 1,858,334 8,043,119 Bradken, Ltd....................................... 333,822 704,052 Brambles, Ltd...................................... 815,569 6,681,616 # Breville Group, Ltd................................ 151,440 849,488 # Brickworks, Ltd.................................... 54,058 509,592 BT Investment Management, Ltd...................... 101,541 567,735 # Cabcharge Australia, Ltd........................... 295,819 994,963 Caltex Australia, Ltd.............................. 202,017 5,228,249 # Cardno, Ltd........................................ 191,727 437,882 * Carnarvon Petroleum, Ltd........................... 856,412 93,061 # carsales.com, Ltd.................................. 400,826 3,191,701 # Cash Converters International, Ltd................. 739,961 635,655 Cedar Woods Properties, Ltd........................ 18,157 81,963 Challenger, Ltd.................................... 509,774 2,480,062 * ChemGenex Pharmaceuticals, Ltd..................... 6,842 -- * Citigold Corp., Ltd................................ 806,483 12,432 * Coal of Africa, Ltd................................ 400,214 10,930 Coca-Cola Amatil, Ltd.............................. 561,372 4,213,579 # Cochlear, Ltd...................................... 62,095 3,991,057 * Cockatoo Coal, Ltd................................. 2,245,523 24,474 Codan, Ltd......................................... 44,929 28,315 * Coffey International, Ltd.......................... 136,278 28,037 # Commonwealth Bank of Australia..................... 507,688 35,104,103 * Compass Resources, Ltd............................. 18,720 -- Computershare, Ltd................................. 450,045 4,043,644 # Corporate Travel Management, Ltd................... 38,887 294,356 Coventry Group, Ltd................................ 13,156 24,543 # Credit Corp. Group, Ltd............................ 44,511 404,409 Crown Resorts, Ltd................................. 163,099 1,713,718 CSG, Ltd........................................... 86,778 80,850 CSL, Ltd........................................... 246,277 16,760,014 CSR, Ltd........................................... 1,216,475 3,757,642 * Cue Energy Resources, Ltd.......................... 287,579 20,056 Data#3, Ltd........................................ 39,367 20,013 Decmil Group, Ltd.................................. 268,494 260,521 * Devine, Ltd........................................ 109,847 79,390 Dick Smith Holdings, Ltd........................... 43,811 69,245 # Domino's Pizza Enterprises, Ltd.................... 102,674 2,075,737 Downer EDI, Ltd.................................... 1,063,732 3,453,853 #* Drillsearch Energy, Ltd............................ 1,261,989 760,517 DuluxGroup, Ltd.................................... 704,669 3,264,133 DWS, Ltd........................................... 57,318 48,118 Echo Entertainment Group, Ltd...................... 1,321,900 4,130,372 * Elders, Ltd........................................ 97,423 249,251 #* Emeco Holdings, Ltd................................ 1,092,630 101,963 #* Energy Resources of Australia, Ltd................. 274,858 279,036 344 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) #* Energy World Corp., Ltd............................ 1,142,002 $ 260,232 # Equity Trustees, Ltd............................... 4,473 69,421 # ERM Power, Ltd..................................... 205,834 347,381 * Eservglobal, Ltd................................... 76,359 29,144 Euroz, Ltd......................................... 69,509 57,239 # Evolution Mining, Ltd.............................. 503,288 362,139 Fairfax Media, Ltd................................. 2,270,682 1,579,546 Fantastic Holdings, Ltd............................ 975 1,394 * FAR, Ltd........................................... 2,438,534 171,653 Finbar Group, Ltd.................................. 2,330 2,310 # Fleetwood Corp., Ltd............................... 83,044 94,289 # Flight Centre Travel Group, Ltd.................... 61,321 1,790,036 * Flinders Mines, Ltd................................ 166,568 1,955 * Focus Minerals, Ltd................................ 5,795,439 45,451 # Fortescue Metals Group, Ltd........................ 2,491,507 4,517,829 # G8 Education, Ltd.................................. 135,932 441,126 Goodman Fielder, Ltd............................... 3,476,238 1,725,337 # GrainCorp, Ltd. Class A............................ 354,121 2,444,342 # Grange Resources, Ltd.............................. 460,396 35,740 # Greencross, Ltd.................................... 47,454 327,024 * Gryphon Minerals, Ltd.............................. 427,238 25,866 # GUD Holdings, Ltd.................................. 252,398 1,535,092 * Gunns, Ltd......................................... 1,359,648 -- # GWA Group, Ltd..................................... 452,925 927,496 # Harvey Norman Holdings, Ltd........................ 1,197,911 3,658,756 HFA Holdings, Ltd.................................. 133,879 161,189 # Hills, Ltd......................................... 387,324 325,019 #* Horizon Oil, Ltd................................... 1,463,538 142,094 * Icon Energy, Ltd................................... 357,233 24,240 # iiNET, Ltd......................................... 262,836 1,525,435 # Iluka Resources, Ltd............................... 708,326 3,846,668 #* Imdex, Ltd......................................... 336,336 77,203 IMF Bentham, Ltd................................... 12,350 20,618 # Incitec Pivot, Ltd................................. 3,907,744 10,899,179 Independence Group NL.............................. 319,694 1,230,953 #* Infigen Energy..................................... 693,403 134,319 # Infomedia, Ltd..................................... 486,077 346,000 Insurance Australia Group, Ltd..................... 3,424,786 16,965,497 Integrated Research, Ltd........................... 42,144 42,580 # Invocare, Ltd...................................... 204,169 2,060,468 # IOOF Holdings, Ltd................................. 382,862 2,793,738 # Iress, Ltd......................................... 210,538 1,684,322 # James Hardie Industries P.L.C.(B3LCV80)............ 7,883 398,643 James Hardie Industries P.L.C.(B60QWJ2)............ 421,551 4,226,807 # JB Hi-Fi, Ltd...................................... 191,244 2,479,019 * Kangaroo Resources, Ltd............................ 157,028 795 #* Kingsgate Consolidated, Ltd........................ 427,539 262,943 * Kingsrose Mining, Ltd.............................. 76,233 14,958 * Lednium, Ltd....................................... 21,998 -- # Leighton Holdings, Ltd............................. 101,948 1,622,346 Lend Lease Group................................... 532,931 6,869,285 #* Lonestar Resources, Ltd............................ 357,902 52,876 Lycopodium, Ltd.................................... 6,626 6,699 345 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) # M2 Group, Ltd...................................... 243,056 $ 1,692,999 MACA, Ltd.......................................... 121,495 77,581 #* Macmahon Holdings, Ltd............................. 1,841,800 81,292 # Macquarie Atlas Roads Group........................ 170,890 389,743 Macquarie Group, Ltd............................... 486,786 23,552,535 # Magellan Financial Group, Ltd...................... 181,717 2,676,940 * Marion Energy, Ltd................................. 11,995 103 * Matrix Composites & Engineering, Ltd............... 24,634 11,282 MaxiTRANS Industries, Ltd.......................... 182,505 72,470 #* Mayne Pharma Group, Ltd............................ 455,321 220,702 McMillan Shakespeare, Ltd.......................... 105,075 933,683 McPherson's, Ltd................................... 69,593 64,281 #* Medusa Mining, Ltd................................. 72,927 48,149 Melbourne IT, Ltd.................................. 123,857 132,167 # Metals X, Ltd...................................... 136,014 116,155 # Metcash, Ltd....................................... 2,477,688 2,797,018 Mincor Resources NL................................ 393,519 220,421 * Mineral Deposits, Ltd.............................. 137,059 91,598 # Mineral Resources, Ltd............................. 374,005 1,937,318 # MMA Offshore, Ltd.................................. 519,239 320,904 # Monadelphous Group, Ltd............................ 151,868 956,636 Mortgage Choice, Ltd............................... 98,654 184,303 # Mount Gibson Iron, Ltd............................. 1,686,874 277,814 # Myer Holdings, Ltd................................. 1,402,627 1,689,510 * Nanosonics, Ltd.................................... 11,184 11,734 National Australia Bank, Ltd....................... 1,535,170 42,337,568 * Navigator Resources, Ltd........................... 296 43 # Navitas, Ltd....................................... 304,208 1,256,965 * Nearmap, Ltd....................................... 355,890 156,275 # New Hope Corp., Ltd................................ 385,309 702,021 * Newcrest Mining, Ltd............................... 727,926 7,859,751 * Nexus Energy, Ltd.................................. 1,749,892 -- # NIB Holdings, Ltd.................................. 619,068 1,589,502 Nick Scali, Ltd.................................... 25,854 54,434 * Northern Iron, Ltd................................. 51,752 1,088 # Northern Star Resources, Ltd....................... 1,310,143 1,895,474 # NRW Holdings, Ltd.................................. 618,693 136,301 Nufarm, Ltd........................................ 439,811 1,932,627 Oil Search, Ltd.................................... 376,059 2,263,035 * OM Holdings, Ltd................................... 26,600 6,652 Orica, Ltd......................................... 393,072 5,517,479 Origin Energy, Ltd................................. 1,138,637 9,395,826 #* Orocobre, Ltd...................................... 10,062 22,876 Orora, Ltd......................................... 577,699 950,682 # OrotonGroup, Ltd................................... 19,916 41,771 * Otto Energy, Ltd................................... 168,000 12,621 OZ Minerals, Ltd................................... 379,223 1,132,767 OzForex Group, Ltd................................. 91,672 180,411 Pacific Brands, Ltd................................ 2,342,667 888,652 #* Paladin Energy, Ltd................................ 3,083,402 901,608 # PanAust, Ltd....................................... 1,110,456 1,036,604 Panoramic Resources, Ltd........................... 683,935 239,354 * PaperlinX, Ltd..................................... 745,156 22,609 346 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) Patties Foods, Ltd................................. 5,122 $ 5,491 Peet, Ltd.......................................... 259,278 208,926 # Perpetual, Ltd..................................... 66,328 2,516,586 #* Perseus Mining, Ltd................................ 207,324 59,174 Platinum Asset Management, Ltd..................... 227,322 1,527,865 #* Platinum Australia, Ltd............................ 400,751 1,872 * PMP, Ltd........................................... 379,844 119,146 Premier Investments, Ltd........................... 210,303 1,671,033 # Primary Health Care, Ltd........................... 786,121 2,815,509 * Prime AET&D Holdings No.1, Ltd..................... 26 -- # Prime Media Group, Ltd............................. 407,199 254,794 # Programmed Maintenance Services, Ltd............... 232,740 392,023 * Qantas Airways, Ltd................................ 3,240,872 6,530,590 QBE Insurance Group, Ltd........................... 1,154,740 9,466,413 Qube Holdings, Ltd................................. 164,726 298,540 * Ramelius Resources, Ltd............................ 501,106 53,749 Ramsay Health Care, Ltd............................ 71,593 3,294,623 RCR Tomlinson, Ltd................................. 290,977 464,226 # REA Group, Ltd..................................... 58,809 2,249,561 Recall Holdings, Ltd............................... 70,681 391,491 # Reckon, Ltd........................................ 51,059 75,801 * Red Fork Energy, Ltd............................... 581,251 2,715 * Redflex Holdings, Ltd.............................. 49,622 34,703 Reece Australia, Ltd............................... 10,902 273,543 * Regional Express Holdings, Ltd..................... 17,416 14,341 #* Regis Resources, Ltd............................... 262,244 394,774 # Reject Shop, Ltd. (The)............................ 77,725 351,153 * Resolute Mining, Ltd............................... 1,041,311 312,479 # Retail Food Group, Ltd............................. 73,375 350,611 Ridley Corp., Ltd.................................. 386,533 273,275 Rio Tinto, Ltd..................................... 383,746 17,112,033 * RiverCity Motorway Group........................... 133,238 -- SAI Global, Ltd.................................... 565,456 1,718,532 Salmat, Ltd........................................ 68,805 85,840 * Samson Oil & Gas, Ltd.............................. 456,014 3,550 #* Samson Oil & Gas, Ltd. Sponsored ADR............... 64,300 10,320 # Sandfire Resources NL.............................. 193,438 638,150 Santos, Ltd........................................ 856,569 5,214,813 * Saracen Mineral Holdings, Ltd...................... 1,647,727 478,767 # Sedgman, Ltd....................................... 85,757 34,762 Seek, Ltd.......................................... 282,271 3,884,750 Select Harvests, Ltd............................... 101,289 520,053 #* Senex Energy, Ltd.................................. 1,934,898 413,088 Servcorp, Ltd...................................... 35,568 140,376 # Seven Group Holdings, Ltd.......................... 207,293 821,626 Seven West Media, Ltd.............................. 811,299 822,337 Sigma Pharmaceuticals, Ltd......................... 1,930,060 1,197,718 #* Silex Systems, Ltd................................. 70,513 28,867 # Silver Chef, Ltd................................... 3,658 18,545 #* Silver Lake Resources, Ltd......................... 356,570 65,137 # Sims Metal Management, Ltd......................... 622,566 5,237,663 Sims Metal Management, Ltd. Sponsored ADR.......... 3,500 29,274 * Sino Strategic International, Ltd.................. 9,056 -- 347 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) Sirtex Medical, Ltd................................ 107,309 $ 2,237,382 Skilled Group, Ltd................................. 459,355 464,115 Slater & Gordon, Ltd............................... 173,525 890,552 # SMS Management & Technology, Ltd................... 200,751 561,341 # Sonic Healthcare, Ltd.............................. 222,595 3,249,693 # Southern Cross Media Group, Ltd.................... 1,057,247 860,208 Spark Infrastructure Group......................... 2,567,539 4,251,608 Specialty Fashion Group, Ltd....................... 67,582 38,826 #* St Barbara, Ltd.................................... 851,056 142,217 STW Communications Group, Ltd...................... 893,950 635,812 Suncorp Group, Ltd................................. 1,331,686 15,172,942 * Sundance Energy Australia, Ltd..................... 835,936 300,975 # Sunland Group, Ltd................................. 162,346 214,845 # Super Retail Group, Ltd............................ 419,412 2,830,626 Swick Mining Services, Ltd......................... 139,495 20,368 # Sydney Airport..................................... 487,767 1,884,838 Tabcorp Holdings, Ltd.............................. 1,849,855 6,538,393 * Tap Oil, Ltd....................................... 383,218 111,812 Tassal Group, Ltd.................................. 217,722 635,883 Tatts Group, Ltd................................... 3,349,430 10,023,871 # Technology One, Ltd................................ 425,202 1,092,100 # Telstra Corp., Ltd................................. 813,302 4,102,283 Telstra Corp., Ltd. ADR............................ 35,561 898,626 #* Ten Network Holdings, Ltd.......................... 4,053,313 625,979 # TFS Corp., Ltd..................................... 317,965 362,257 Thorn Group, Ltd................................... 33,773 74,996 * Tiger Resources, Ltd............................... 1,161,635 43,786 Toll Holdings, Ltd................................. 1,626,317 7,777,072 Tox Free Solutions, Ltd............................ 287,984 650,577 # TPG Telecom, Ltd................................... 415,077 2,146,805 #* Transfield Services, Ltd........................... 1,124,076 1,230,799 Transpacific Industries Group, Ltd................. 3,025,124 1,935,260 Transurban Group................................... 784,086 5,607,468 Treasury Wine Estates, Ltd......................... 1,427,262 5,426,205 # UGL, Ltd........................................... 213,497 296,406 # UXC, Ltd........................................... 456,869 264,062 # Village Roadshow, Ltd.............................. 123,245 581,387 * Virgin Australia Holdings, Ltd..................... 1,975,804 720,835 * Virgin Australia Holdings, Ltd. (ACI01NXR8)........ 3,195,173 -- # Virtus Health, Ltd................................. 30,250 188,069 Vision Eye Institute, Ltd.......................... 4,567 2,544 # Vocus Communications, Ltd.......................... 113,376 545,660 Washington H Soul Pattinson & Co., Ltd............. 139,943 1,409,739 Watpac, Ltd........................................ 146,701 92,174 WDS, Ltd........................................... 74,726 9,858 # Webjet, Ltd........................................ 110,539 250,233 Webster, Ltd....................................... 17,208 17,903 Wesfarmers, Ltd.................................... 541,028 18,274,752 # Western Areas, Ltd................................. 456,896 1,415,421 Westpac Banking Corp............................... 955,075 25,525,374 Westpac Banking Corp. Sponsored ADR................ 255,461 6,833,582 #* Whitehaven Coal, Ltd............................... 221,106 211,106 Wide Bay Australia, Ltd............................ 23,761 106,297 348 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ AUSTRALIA -- (Continued)............................... Woodside Petroleum, Ltd............................ 826,735 $ 21,957,238 Woolworths, Ltd.................................... 619,425 15,243,262 WorleyParsons, Ltd................................. 226,960 1,688,589 ------------ TOTAL AUSTRALIA.................................... 775,900,337 ------------ AUSTRIA -- (0.4%) * A-TEC Industries AG................................ 19,046 -- Agrana Beteiligungs AG............................. 3,302 261,069 AMAG Austria Metall AG............................. 806 25,234 Andritz AG......................................... 78,923 4,272,212 Atrium European Real Estate, Ltd................... 120,662 562,263 Austria Technologie & Systemtechnik AG............. 24,196 313,770 BUWOG AG........................................... 29,233 570,946 # CA Immobilien Anlagen AG........................... 46,630 944,420 # Conwert Immobilien Invest SE....................... 102,497 1,192,620 DO & CO AG......................................... 7,970 599,274 Erste Group Bank AG................................ 220,103 4,765,051 EVN AG............................................. 48,242 533,470 Flughafen Wien AG.................................. 4,014 348,865 * IMMOFINANZ AG...................................... 326,957 747,131 #* Kapsch TrafficCom AG............................... 3,172 72,851 # Lenzing AG......................................... 21,693 1,406,920 Mayr Melnhof Karton AG............................. 15,259 1,574,888 Oberbank AG........................................ 2,295 131,602 Oesterreichische Post AG........................... 56,683 2,809,705 OMV AG............................................. 234,465 5,829,000 Palfinger AG....................................... 7,182 188,276 * PIAG Immobilien AG................................. 217 2,160 POLYTEC Holding AG................................. 16,082 123,454 Porr AG............................................ 217 11,113 # Raiffeisen Bank International AG................... 169,483 1,980,422 RHI AG............................................. 38,384 1,006,836 Rosenbauer International AG........................ 1,710 129,940 S IMMO AG.......................................... 91,285 706,559 Schoeller-Bleckmann Oilfield Equipment AG.......... 15,903 940,673 Semperit AG Holding................................ 18,801 830,224 Strabag SE......................................... 40,734 902,637 Telekom Austria AG ADR............................. 4,200 54,957 UNIQA Insurance Group AG........................... 84,558 715,711 Verbund AG......................................... 66,422 1,162,561 Vienna Insurance Group AG Wiener Versicherung Gruppe........................................... 42,467 1,802,425 Voestalpine AG..................................... 177,519 6,321,899 Wienerberger AG.................................... 278,375 3,933,535 * Wolford AG......................................... 1,281 30,829 Zumtobel Group AG.................................. 54,569 1,252,116 ------------ TOTAL AUSTRIA...................................... 49,057,618 ------------ BELGIUM -- (1.4%) * Ablynx NV.......................................... 34,801 410,426 Ackermans & van Haaren NV.......................... 62,897 7,475,439 Ageas.............................................. 409,321 14,016,717 * AGFA-Gevaert NV.................................... 483,462 1,129,279 349 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ BELGIUM -- (Continued) Anheuser-Busch InBev NV............................ 314,211 $ 38,323,081 Anheuser-Busch InBev NV Sponsored ADR.............. 118,119 14,418,786 Atenor Group....................................... 43 1,991 Banque Nationale de Belgique....................... 312 1,230,705 Barco NV........................................... 32,822 2,112,421 Belgacom SA........................................ 372,144 13,860,214 Cie d'Entreprises CFE.............................. 20,189 1,922,396 Cie Immobiliere de Belgique SA..................... 2,277 122,651 Cie Maritime Belge SA.............................. 21,493 336,493 Colruyt SA......................................... 134,207 6,190,053 D'ieteren SA....................................... 31,998 1,033,219 # Deceuninck NV...................................... 136,124 281,548 Delhaize Group SA.................................. 163,593 13,608,713 Delhaize Group SA Sponsored ADR.................... 245,638 5,082,250 # Econocom Group..................................... 115,613 946,624 Elia System Operator SA............................ 46,392 2,037,455 * Euronav NV......................................... 88,254 1,034,736 # EVS Broadcast Equipment SA......................... 11,327 381,988 Exmar NV........................................... 77,151 679,690 # Fagron............................................. 47,922 1,956,565 * Hamon & CIE SA..................................... 743 8,261 * Ion Beam Applications.............................. 32,395 635,561 Jensen-Group NV.................................... 2,121 42,460 * KBC Groep NV....................................... 202,710 10,902,763 Kinepolis Group NV................................. 55,209 2,423,790 Lotus Bakeries..................................... 107 128,410 * MDxHealth.......................................... 24,148 125,913 Melexis NV......................................... 32,217 1,612,594 * Mobistar SA........................................ 87,221 1,938,250 # NV Bekaert SA...................................... 76,120 2,297,365 #* Nyrstar NV......................................... 829,187 3,117,397 * Picanol............................................ 688 25,792 * RealDolmen NV/SA................................... 1,807 37,696 Recticel SA........................................ 69,434 400,992 # Resilux............................................ 424 61,390 * RHJ International SA............................... 3,149 16,539 * Roularta Media Group NV............................ 4,380 53,323 Sioen Industries NV................................ 18,346 265,033 Sipef SA........................................... 10,281 601,406 # Solvay SA.......................................... 118,705 16,228,934 * Telenet Group Holding NV........................... 51,182 2,846,361 * Tessenderlo Chemie NV.............................. 76,050 1,968,370 #* ThromboGenics NV................................... 4,877 38,224 UCB SA............................................. 89,230 6,936,628 Umicore SA......................................... 202,992 8,501,512 Van de Velde NV.................................... 15,946 867,401 #* Viohalco SA........................................ 172,079 433,427 ------------ TOTAL BELGIUM.......................................... 191,109,232 ------------ CANADA -- (7.9%) #* 5N Plus, Inc....................................... 163,492 293,352 Absolute Software Corp............................. 85,563 592,551 # Acadian Timber Corp................................ 400 4,983 350 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) * Advantage Oil & Gas, Ltd........................... 592,279 $ 2,484,337 Aecon Group, Inc................................... 187,323 1,444,688 # AG Growth International, Inc....................... 25,678 1,093,240 AGF Management, Ltd. Class B....................... 228,494 1,294,685 * AgJunction, Inc.................................... 46,880 20,291 Agnico Eagle Mines, Ltd.(008474108)................ 47,651 1,606,792 Agnico Eagle Mines, Ltd.(2009823).................. 142,626 4,808,453 Agrium, Inc.(008916108)............................ 116,100 12,382,065 Agrium, Inc.(2213538).............................. 88,392 9,430,474 AGT Food & Ingredient, Inc......................... 42,851 945,912 Aimia, Inc......................................... 168,507 1,807,469 * Ainsworth Lumber Co, Ltd........................... 144,829 414,872 * Air Canada......................................... 67,920 628,048 AirBoss of America Corp............................ 9,500 104,442 Akita Drilling, Ltd. Class A....................... 11,400 92,854 # Alacer Gold Corp................................... 698,016 1,636,962 * Alamos Gold, Inc.(011527108)....................... 196,452 1,041,196 Alamos Gold, Inc.(2411707)......................... 186,186 993,422 #* Alexco Resource Corp............................... 70,276 37,054 Algoma Central Corp................................ 11,860 152,322 # Algonquin Power & Utilities Corp................... 397,613 3,166,635 Alimentation Couche Tard, Inc. Class B............. 226,159 8,861,617 # AltaGas, Ltd....................................... 87,296 2,949,941 #* Alterra Power Corp................................. 170,495 42,265 # Altus Group, Ltd................................... 69,397 1,026,182 #* Alvopetro Energy, Ltd.............................. 114,134 30,090 #* Amaya, Inc......................................... 31,700 821,251 * Amerigo Resources, Ltd............................. 153,100 28,916 # Amica Mature Lifestyles, Inc....................... 2,500 14,520 * Anderson Energy, Inc............................... 116,562 8,256 Andrew Peller, Ltd. Class A........................ 2,000 23,814 # ARC Resources, Ltd................................. 281,763 5,099,983 #* Argonaut Gold, Inc................................. 278,955 544,431 # Arsenal Energy, Inc................................ 21,692 64,868 #* Artek Exploration, Ltd............................. 117,468 122,025 Atco, Ltd. Class I................................. 79,668 3,084,024 #* Athabasca Oil Corp................................. 888,265 1,300,207 * ATS Automation Tooling Systems, Inc................ 130,549 1,489,699 AuRico Gold, Inc.(05155C105)....................... 18,902 74,474 AuRico Gold, Inc.(2287317)......................... 704,863 2,779,070 AutoCanada, Inc.................................... 35,342 900,585 #* Avigilon Corp...................................... 71,042 1,081,815 Axia NetMedia Corp................................. 50,400 126,129 * B2Gold Corp........................................ 1,302,889 2,563,330 # Badger Daylighting, Ltd............................ 72,550 1,290,336 #* Ballard Power Systems, Inc......................... 157,870 247,235 Bank of Montreal(063671101)........................ 9,502 546,175 # Bank of Montreal(2076009).......................... 286,412 16,438,205 Bank of Nova Scotia................................ 263,575 12,665,372 Bank of Nova Scotia (The).......................... 271,403 13,038,200 * Bankers Petroleum, Ltd............................. 930,578 2,138,418 Barrick Gold Corp.(067901108)...................... 1,255,957 16,051,130 Barrick Gold Corp.(2024644)........................ 325,894 4,167,606 351 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) # Baytex Energy Corp.(07317Q105)..................... 112,994 $ 1,767,226 # Baytex Energy Corp.(B4VGVM3)....................... 33,678 522,649 # BCE, Inc.(B188TH2)................................. 62,786 2,883,600 BCE, Inc.(05534B760)............................... 18,939 870,247 #* Bellatrix Exploration, Ltd......................... 215,708 436,271 * Birch Mountain Resources, Ltd...................... 1,200 -- #* Birchcliff Energy, Ltd............................. 324,118 1,734,479 # Bird Construction, Inc............................. 79,654 696,432 # Black Diamond Group, Ltd........................... 93,417 743,248 #* BlackBerry, Ltd.(09228F103)........................ 359,807 3,652,041 #* BlackBerry, Ltd.(BCBHZ31).......................... 245,190 2,491,070 #* BlackPearl Resources, Inc.......................... 455,460 329,758 # BMTC Group, Inc. Class A........................... 1,600 20,587 #* BNK Petroleum, Inc................................. 194,022 43,516 # Bombardier, Inc. Class A........................... 25,790 61,091 # Bombardier, Inc. Class B........................... 807,091 1,841,948 # Bonavista Energy Corp.............................. 317,559 1,499,452 # Bonterra Energy Corp............................... 89,318 2,794,043 Boralex, Inc. Class A.............................. 66,465 711,882 Brookfield Asset Management, Inc. Class A.......... 115,960 5,908,877 * Brookfield Residential Properties, Inc.(B4NHCK9)... 29,500 711,540 #* Brookfield Residential Properties, Inc.(B54FPW2)... 3,827 92,309 #* BRP, Inc........................................... 36,695 632,423 CAE, Inc.(2162760)................................. 193,115 2,378,413 CAE, Inc.(124765108)............................... 32,571 401,926 Caledonia Mining Corp.............................. 8,300 4,768 Calfrac Well Services, Ltd......................... 164,449 1,056,035 Calian Technologies, Ltd........................... 3,277 47,091 Calvalley Petroleum, Inc. Class A.................. 28,165 18,840 Cameco Corp.(13321L108)............................ 182,218 2,554,696 Cameco Corp.(2166160).............................. 171,982 2,419,956 Canaccord Genuity Group, Inc....................... 377,713 1,896,440 #* Canacol Energy, Ltd................................ 53,284 150,120 # Canadian Energy Services & Technology Corp......... 313,120 1,323,250 # Canadian Imperial Bank of Commerce(136069101)...... 30,752 2,134,804 # Canadian Imperial Bank of Commerce(2170525)........ 94,655 6,568,567 # Canadian National Railway Co.(136375102)........... 81,112 5,351,770 Canadian National Railway Co.(2180632)............. 106,000 6,983,804 Canadian Natural Resources, Ltd.(136385101)........ 726,020 21,011,019 Canadian Natural Resources, Ltd.(2171573).......... 485,145 14,065,273 # Canadian Oil Sands, Ltd............................ 804,041 4,967,122 Canadian Pacific Railway, Ltd.(13645T100).......... 1,271 222,006 # Canadian Pacific Railway, Ltd.(2793115)............ 37,902 6,605,931 # Canadian Tire Corp., Ltd. Class A.................. 90,315 8,329,279 Canadian Utilities, Ltd. Class A................... 63,064 2,090,884 # Canadian Western Bank.............................. 179,258 3,635,381 Canam Group, Inc. Class A.......................... 111,372 977,255 CanElson Drilling, Inc............................. 269,623 685,356 # Canexus Corp....................................... 168,436 314,152 * Canfor Corp........................................ 167,539 4,186,168 Canfor Pulp Products, Inc.......................... 109,515 1,357,410 CanWel Building Materials Group, Ltd............... 25,250 112,867 Canyon Services Group, Inc......................... 86,658 480,789 352 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Capital Power Corp................................. 154,124 $3,067,440 # Capstone Infrastructure Corp....................... 249,192 660,878 #* Capstone Mining Corp............................... 361,952 330,420 Cascades, Inc...................................... 206,990 1,278,722 * Catamaran Corp.(B3N9ZT8)........................... 92,720 4,627,655 * Catamaran Corp.(B8J4N87)........................... 37,400 1,867,498 # Cathedral Energy Services, Ltd..................... 45,147 83,138 CCL Industries, Inc. Class B....................... 41,500 4,289,781 * Celestica, Inc.(15101Q108)......................... 89,041 996,369 * Celestica, Inc.(2263362)........................... 369,488 4,140,638 # Cenovus Energy, Inc.(15135U109).................... 454,113 8,578,195 Cenovus Energy, Inc.(B57FG04)...................... 156,417 2,962,900 Centerra Gold, Inc................................. 414,578 2,486,098 #* Cequence Energy, Ltd............................... 474,954 325,183 Cervus Equipment Corp.............................. 9,137 137,555 #* CGI Group, Inc. Class A(2159740)................... 128,586 5,095,070 * CGI Group, Inc. Class A(39945C109)................. 60,319 2,388,632 * China Gold International Resources Corp., Ltd...... 213,564 364,708 * Chinook Energy, Inc................................ 102,170 91,661 # CI Financial Corp.................................. 71,300 1,817,990 # Cineplex, Inc...................................... 64,067 2,278,420 Clairvest Group, Inc............................... 516 11,025 * Claude Resources, Inc.............................. 262,411 82,604 Clearwater Seafoods, Inc........................... 30,683 336,603 # Cogeco Cable, Inc.................................. 81,671 4,691,889 Cogeco, Inc........................................ 9,821 459,864 Colabor Group, Inc................................. 27,021 70,173 COM DEV International, Ltd......................... 211,951 643,843 Computer Modelling Group, Ltd...................... 124,980 1,079,941 #* Connacher Oil and Gas, Ltd......................... 783,434 24,661 Constellation Software, Inc........................ 20,524 5,686,862 #* Copper Mountain Mining Corp........................ 396,715 309,080 Corby Spirit and Wine, Ltd......................... 12,085 213,035 #* Corridor Resources, Inc............................ 89,500 62,686 # Corus Entertainment, Inc. Class B.................. 238,099 4,041,706 Cott Corp.(22163N106).............................. 60,058 456,441 Cott Corp.(2228952)................................ 184,486 1,402,483 Crescent Point Energy Corp.(22576C101)............. 201,719 4,788,809 # Crescent Point Energy Corp.(B67C8W8)............... 149,286 3,547,995 * Crew Energy, Inc................................... 335,637 1,381,429 * DeeThree Exploration, Ltd.......................... 273,102 1,188,521 * Delphi Energy Corp................................. 382,393 352,089 #* Denison Mines Corp................................. 926,928 795,114 * Descartes Systems Group, Inc. (The)................ 60,129 918,473 DH Corp............................................ 152,157 4,249,667 DHX Media, Ltd..................................... 52,031 349,685 # DirectCash Payments, Inc........................... 38,507 549,407 Dollarama, Inc..................................... 64,124 3,045,474 * Dominion Diamond Corp.(257287102).................. 188,172 3,123,655 * Dominion Diamond Corp.(B95LX89).................... 107,279 1,782,214 Dorel Industries, Inc. Class B..................... 89,509 2,564,746 #* DragonWave, Inc.................................... 43,606 35,003 #* Dundee Precious Metals, Inc........................ 238,607 672,238 353 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) E-L Financial Corp., Ltd........................... 88 $ 46,884 #* Eastern Platinum, Ltd.............................. 85,952 102,815 easyhome, Ltd...................................... 500 7,193 EGI Financial Holdings, Inc........................ 900 9,137 Eldorado Gold Corp.(284902103)..................... 214,595 1,025,764 # Eldorado Gold Corp.(2307873)....................... 1,204,724 5,783,282 # Emera, Inc......................................... 36,182 1,183,952 Empire Co., Ltd.................................... 47,178 3,434,300 # Enbridge Income Fund Holdings, Inc................. 123,565 4,003,440 Enbridge, Inc.(29250N105).......................... 67,223 3,255,610 Enbridge, Inc.(2466149)............................ 108,874 5,273,625 # Encana Corp.(292505104)............................ 1,230,015 15,055,384 Encana Corp.(2793193).............................. 214,090 2,618,209 * Endeavour Mining Corp.............................. 977,061 461,350 #* Endeavour Silver Corp.............................. 208,085 571,509 # EnerCare, Inc...................................... 105,697 1,188,644 Enerflex, Ltd...................................... 104,406 1,314,627 * Energy Fuels, Inc.................................. 7,838 35,592 Enerplus Corp.(292766102).......................... 234,410 2,297,218 # Enerplus Corp.(B584T89)............................ 172,487 1,673,695 Enghouse Systems, Ltd.............................. 29,277 932,892 Ensign Energy Services, Inc........................ 272,629 1,890,188 #* Epsilon Energy, Ltd................................ 126,080 394,899 # Equitable Group, Inc............................... 19,270 840,134 * Equity Financial Holdings, Inc..................... 100 754 * Essential Energy Services Trust.................... 247,856 255,522 # Evertz Technologies, Ltd........................... 35,104 504,169 # Exchange Income Corp............................... 25,015 435,651 Exco Technologies, Ltd............................. 19,823 209,041 #* EXFO, Inc.......................................... 31,042 106,755 # Extendicare, Inc................................... 181,697 975,190 Fairfax Financial Holdings, Ltd.................... 24,069 12,785,532 Fiera Capital Corp................................. 28,311 276,270 Finning International, Inc......................... 476,294 7,852,648 First Capital Realty, Inc.......................... 108,766 1,670,821 #* First Majestic Silver Corp.(2833583)............... 111,673 689,882 #* First Majestic Silver Corp.(32076V103)............. 127,578 789,708 # First National Financial Corp...................... 278 4,857 First Quantum Minerals, Ltd........................ 525,208 4,790,400 FirstService Corp.(2350231)........................ 13,106 689,491 FirstService Corp.(33761N109)...................... 18,468 967,169 # Fortis, Inc........................................ 105,128 3,467,313 #* Fortress Paper, Ltd. Class A....................... 20,464 32,209 * Fortuna Silver Mines, Inc.......................... 299,094 1,449,924 * Fraser Papers, Inc................................. 6,400 -- # Gamehost, Inc...................................... 11,505 116,797 * GBS Gold International, Inc........................ 42,400 -- # Genworth MI Canada, Inc............................ 111,409 2,772,293 George Weston, Ltd................................. 81,655 6,472,253 # Gibson Energy, Inc................................. 222,122 3,952,293 Gildan Activewear, Inc............................. 82,100 4,792,774 # Glacier Media, Inc................................. 22,700 26,439 GLENTEL, Inc....................................... 9,100 178,892 354 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CANADA -- (Continued) Gluskin Sheff + Associates, Inc.................... 71,805 $1,496,338 # GMP Capital, Inc................................... 109,300 451,582 Goldcorp, Inc.(380956409).......................... 226,536 5,443,660 # Goldcorp, Inc.(2676302)............................ 169,396 4,091,259 #* Golden Star Resources, Ltd......................... 423,301 133,250 * Gran Tierra Energy, Inc.(38500T101)................ 55,835 119,487 * Gran Tierra Energy, Inc.(B2PPCS5).................. 624,423 1,351,352 * Great Canadian Gaming Corp......................... 91,063 1,415,357 #* Great Panther Silver, Ltd.......................... 98,337 69,649 Great-West Lifeco, Inc............................. 114,900 2,912,512 * Heroux-Devtek, Inc................................. 37,512 333,584 High Liner Foods, Inc.............................. 27,704 491,639 # HNZ Group, Inc..................................... 6,940 118,898 Home Capital Group, Inc............................ 54,200 1,791,454 # Horizon North Logistics, Inc....................... 202,756 344,655 HudBay Minerals, Inc.(B05BQ98)..................... 25,147 179,801 HudBay Minerals, Inc.(B05BDX1)..................... 563,748 4,103,777 # Hudson's Bay Co.................................... 96,011 1,769,558 # Husky Energy, Inc.................................. 357,408 7,692,696 * IAMGOLD Corp.(450913108)........................... 208,317 556,206 * IAMGOLD Corp.(2446646)............................. 923,907 2,472,089 # IGM Financial, Inc................................. 67,900 2,330,305 #* Imax Corp.(2014258)................................ 44,420 1,480,519 #* Imax Corp.(45245E109).............................. 53,255 1,774,989 #* Imperial Metals Corp............................... 86,219 607,272 Imperial Oil, Ltd.(2454241)........................ 38,803 1,442,554 # Imperial Oil, Ltd.(453038408)...................... 200,434 7,438,106 * Indigo Books & Music, Inc.......................... 5,523 45,724 # Industrial Alliance Insurance & Financial Services, Inc.................................... 226,377 7,208,006 # Innergex Renewable Energy, Inc..................... 199,483 1,871,281 Intact Financial Corp.............................. 91,712 6,129,049 # Inter Pipeline, Ltd................................ 74,148 1,927,953 * Interfor Corp...................................... 174,345 3,045,927 Intertape Polymer Group, Inc....................... 105,984 1,563,862 #* Ithaca Energy, Inc................................. 624,063 594,252 #* Ivanhoe Energy, Inc................................ 8,552 3,163 Jean Coutu Group PJC, Inc. (The) Class A........... 91,400 1,833,467 Just Energy Group, Inc.(B693818)................... 6,432 32,546 # Just Energy Group, Inc.(B63MCN1)................... 217,345 1,103,231 # K-Bro Linen, Inc................................... 7,876 298,441 * Katanga Mining, Ltd................................ 525,231 128,135 * Kelt Exploration, Ltd.............................. 31,250 154,934 Keyera Corp........................................ 68,002 4,013,654 # Killam Properties, Inc............................. 130,304 1,139,276 * Kingsway Financial Services, Inc................... 15,975 92,403 * Kinross Gold Corp.(496902404)...................... 52,598 178,307 * Kinross Gold Corp.(B03Z841)........................ 2,210,552 7,497,819 #* Kirkland Lake Gold, Inc............................ 116,167 412,303 #* Knight Therapeutics, Inc........................... 11,933 76,160 #* Lake Shore Gold Corp............................... 1,352,656 1,213,526 Laurentian Bank of Canada.......................... 112,546 4,145,965 #* Legacy Oil + Gas, Inc.............................. 355,714 431,101 # Leisureworld Senior Care Corp...................... 63,973 723,453 355 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) Leon's Furniture, Ltd.............................. 38,892 $ 586,119 * Leucrotta Exploration, Inc......................... 216,823 162,101 # Lightstream Resources, Ltd......................... 551,737 329,991 Linamar Corp....................................... 107,472 6,156,360 # Liquor Stores N.A., Ltd............................ 91,176 1,099,249 Loblaw Cos., Ltd................................... 98,438 4,890,508 # Long Run Exploration, Ltd.......................... 473,627 395,093 Lucara Diamond Corp................................ 618,744 1,022,556 * Lundin Mining Corp................................. 1,117,065 3,973,506 MacDonald Dettwiler & Associates, Ltd.............. 37,317 2,741,142 Magellan Aerospace Corp............................ 25,834 271,413 Magna International, Inc........................... 156,225 15,010,239 #* Mainstreet Equity Corp............................. 5,682 151,362 # Major Drilling Group International, Inc............ 194,168 1,039,067 # Mandalay Resources Corp............................ 661,254 483,959 # Manitoba Telecom Services, Inc..................... 90,864 1,834,156 Manulife Financial Corp.(56501R106)................ 579,501 9,318,376 # Manulife Financial Corp.(2492519).................. 566,559 9,086,702 Maple Leaf Foods, Inc.............................. 258,143 4,140,202 Martinrea International, Inc....................... 313,552 2,326,903 * Maxim Power Corp................................... 24,537 50,592 # McCoy Global, Inc.................................. 1,600 4,571 # Mediagrif Interactive Technologies, Inc............ 1,100 15,357 # Medical Facilities Corp............................ 51,669 796,565 * MEG Energy Corp.................................... 122,182 1,863,451 Melcor Developments, Ltd........................... 1,962 26,233 * Mercator Minerals, Ltd............................. 131,933 -- Methanex Corp.(2654416)............................ 124,000 5,480,318 Methanex Corp.(59151K108).......................... 68,693 3,029,361 Metro, Inc......................................... 143,787 11,378,941 * Migao Corp......................................... 61,406 47,358 * Mitel Networks Corp................................ 87,095 774,509 #* Mood Media Corp.................................... 78,868 34,137 Morneau Shepell, Inc............................... 106,233 1,431,265 # MTY Food Group, Inc................................ 12,539 344,583 # Mullen Group, Ltd.................................. 282,356 4,530,762 * NAPEC, Inc......................................... 9,700 7,099 National Bank of Canada............................ 414,765 14,430,440 # Nevsun Resources, Ltd.............................. 580,388 2,005,118 # New Flyer Industries, Inc.......................... 90,958 982,092 * New Gold, Inc...................................... 925,515 4,056,912 Newalta Corp....................................... 152,768 1,592,961 #* Niko Resources, Ltd................................ 91,915 17,722 # Norbord, Inc....................................... 70,916 1,578,267 North American Energy Partners, Inc.(B1HTYS2)...... 17,176 51,094 North American Energy Partners, Inc.(656844107).... 6,310 18,804 #* North American Palladium, Ltd...................... 239,959 40,601 North West Co., Inc. (The)......................... 93,492 1,954,157 # Northland Power, Inc............................... 181,633 2,444,262 #* Novagold Resources, Inc............................ 141,271 536,979 * NuVista Energy, Ltd................................ 403,250 2,265,842 #* OceanaGold Corp.................................... 823,602 1,814,815 Onex Corp.......................................... 74,987 4,116,112 356 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) Open Text Corp..................................... 95,500 $ 5,415,700 # Osisko Gold Royalties, Ltd......................... 83,651 1,125,044 * Ovivo, Inc. Class A................................ 12,023 19,680 # Pacific Rubiales Energy Corp....................... 794,797 1,845,165 * Painted Pony Petroleum, Ltd........................ 214,375 1,159,012 Pan American Silver Corp.(2669272)................. 267,703 3,134,828 Pan American Silver Corp.(697900108)............... 194,280 2,265,305 #* Paramount Resources, Ltd. Class A.................. 36,466 818,163 * Parex Resources, Inc............................... 364,714 1,974,685 # Parkland Fuel Corp................................. 145,311 2,503,233 Pason Systems, Inc................................. 129,833 1,829,943 Pembina Pipeline Corp.(B4PPQG5).................... 17,562 545,300 # Pembina Pipeline Corp.(B4PT2P8).................... 80,199 2,491,744 # Pengrowth Energy Corp.............................. 966,543 2,586,170 # Penn West Petroleum, Ltd.(B63FY34)................. 626,348 946,398 Penn West Petroleum, Ltd.(707887105)............... 156,120 232,619 * Performance Sports Group, Ltd...................... 32,794 611,129 #* Perpetual Energy, Inc.............................. 168,529 128,648 # Peyto Exploration & Development Corp............... 133,990 3,384,804 # PHX Energy Services Corp........................... 88,342 433,124 #* Pilot Gold, Inc.................................... 10,300 9,078 #* Points International, Ltd.......................... 6,420 69,722 * Polaris Minerals Corp.............................. 7,200 11,899 * Poseidon Concepts Corp............................. 64,303 19 Potash Corp. of Saskatchewan, Inc.(2696980)........ 75,200 2,737,666 Potash Corp. of Saskatchewan, Inc.(73755L107)...... 80,611 2,945,526 Precision Drilling Corp.(74022D308)................ 276,927 1,412,328 Precision Drilling Corp.(B5YPLH9).................. 408,054 2,084,104 # Premium Brands Holdings Corp....................... 40,289 776,484 * Primero Mining Corp.(74164W106).................... 81,988 329,592 #* Primero Mining Corp.(B4Z8FV2)...................... 118,555 475,824 Progressive Waste Solutions, Ltd.(B3DJGB7)......... 156,466 4,464,828 Progressive Waste Solutions, Ltd.(74339G101)....... 81,023 2,310,776 # Pulse Seismic, Inc................................. 111,340 266,368 * QLT, Inc........................................... 59,679 258,780 Quebecor, Inc. Class B............................. 116,700 2,925,077 * Questerre Energy Corp. Class A..................... 81,025 18,810 Reitmans Canada, Ltd............................... 1,346 7,531 Reitmans Canada, Ltd. Class A...................... 106,037 675,926 * Restaurant Brands International, Inc.(76131D103)... 6,535 252,781 * Restaurant Brands International, Inc.(BTF8CF0)..... 35,183 1,363,352 Richelieu Hardware, Ltd............................ 24,135 1,125,173 #* Richmont Mines, Inc................................ 102,801 363,246 # Ritchie Bros Auctioneers, Inc.(2345390)............ 60,500 1,516,428 # Ritchie Bros Auctioneers, Inc.(767744105).......... 28,729 718,225 * RMP Energy, Inc.................................... 359,691 1,225,672 #* Rock Energy, Inc................................... 107,642 199,070 # Rocky Mountain Dealerships, Inc.................... 34,942 228,235 # Rogers Communications, Inc. Class B(2169051)....... 36,700 1,304,876 Rogers Communications, Inc. Class B(775109200)..... 31,232 1,112,796 # Rogers Sugar, Inc.................................. 234,850 844,625 RONA, Inc.......................................... 388,234 3,907,699 Royal Bank of Canada(2754383)...................... 305,565 17,251,305 357 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) Royal Bank of Canada(780087102).................... 146,617 $ 8,297,056 # Russel Metals, Inc................................. 138,712 2,556,571 #* Sandstorm Gold, Ltd................................ 251,193 1,012,126 * Sandvine Corp...................................... 334,887 853,887 Saputo, Inc........................................ 140,784 4,048,357 # Savanna Energy Services Corp....................... 285,414 505,376 * Scorpio Mining Corp................................ 182,679 28,753 #* Sears Canada, Inc.................................. 15,055 140,989 Secure Energy Services, Inc........................ 207,818 2,412,305 #* SEMAFO, Inc........................................ 702,740 2,461,000 #* Serinus Energy, Inc................................ 346 272 # Shaw Communications, Inc. Class B(2801836)......... 75,902 1,752,550 Shaw Communications, Inc. Class B(82028K200)....... 238,637 5,522,060 ShawCor, Ltd....................................... 114,880 3,155,199 Sherritt International Corp........................ 574,998 968,361 #* Sierra Wireless, Inc.(2418968)..................... 50,226 1,816,626 #* Sierra Wireless, Inc.(826516106)................... 23,228 838,763 * Silver Standard Resources, Inc.(82823L106)......... 14,136 87,219 * Silver Standard Resources, Inc.(2218458)........... 197,398 1,216,358 Silver Wheaton Corp.(B058ZX6)...................... 70,780 1,625,929 Silver Wheaton Corp.(828336107).................... 29,909 687,010 SNC-Lavalin Group, Inc............................. 107,852 3,569,038 * Solium Capital, Inc................................ 16,806 88,877 #* Southern Pacific Resource Corp..................... 665,787 2,620 * Sprott Resource Corp............................... 29,662 40,383 # Sprott, Inc........................................ 309,256 681,449 # Spyglass Resources Corp............................ 214,891 47,352 * St Andrew Goldfields, Ltd.......................... 98,808 24,494 Stantec, Inc.(2854238)............................. 112,930 2,777,259 Stantec, Inc.(85472N109)........................... 13,106 321,883 Stella-Jones, Inc.................................. 41,782 1,192,926 Strad Energy Services, Ltd......................... 1,000 2,566 Stuart Olson, Inc.................................. 21,376 108,335 # Student Transportation, Inc........................ 132,144 734,191 # Sun Life Financial, Inc.(2566124).................. 283,726 8,676,786 Sun Life Financial, Inc.(866796105)................ 8,848 270,483 Suncor Energy, Inc.(867224107)..................... 948,181 28,265,276 Suncor Energy, Inc.(B3NB1P2)....................... 710,329 21,186,329 * SunOpta, Inc.(8676EP108)........................... 34,749 363,475 * SunOpta, Inc.(2817510)............................. 71,109 745,394 # Superior Plus Corp................................. 365,989 3,513,863 # Surge Energy, Inc.................................. 486,772 984,500 #* TAG Oil, Ltd....................................... 65,570 74,306 Talisman Energy, Inc.(87425E103)................... 613,475 4,613,332 Talisman Energy, Inc.(2068299)..................... 1,304,903 9,837,862 #* Taseko Mines, Ltd.................................. 404,489 289,671 Teck Resources, Ltd. Class A....................... 1,294 19,440 Teck Resources, Ltd. Class B(878742204)............ 250,032 3,220,412 Teck Resources, Ltd. Class B(2879327).............. 210,473 2,724,704 * Tekmira Pharmaceuticals Corp....................... 12,300 316,333 TELUS Corp......................................... 87,440 2,999,535 #* Tembec, Inc........................................ 128,010 284,086 * Teranga Gold Corp.(B5TDK82)........................ 140,395 69,606 358 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) #* Teranga Gold Corp.(B4L8QT1)........................ 41,624 $ 19,776 #* Tethys Petroleum, Ltd.............................. 35,628 5,047 #* Theratechnologies, Inc............................. 35,700 15,452 #* Thompson Creek Metals Co., Inc..................... 523,290 650,664 # Thomson Reuters Corp............................... 155,678 5,973,762 * Timminco, Ltd...................................... 17,306 32 * Timmins Gold Corp.................................. 383,822 419,857 # TMX Group, Ltd..................................... 27,016 1,000,742 TORC Oil & Gas, Ltd................................ 237,329 1,540,856 Toromont Industries, Ltd........................... 128,495 2,792,974 Toronto-Dominion Bank (The)(891160509)............. 141,252 5,626,067 # Toronto-Dominion Bank (The)(2897222)............... 683,444 27,215,131 # Torstar Corp. Class B.............................. 109,300 590,067 Total Energy Services, Inc......................... 62,291 639,724 * Touchstone Exploration, Inc........................ 5,326 1,425 * Tourmaline Oil Corp................................ 137,922 3,792,394 TransAlta Corp.(89346D107)......................... 308,151 2,690,158 # TransAlta Corp.(2901628)........................... 364,355 3,188,501 # TransAlta Renewables, Inc.......................... 20,747 208,009 TransCanada Corp................................... 225,970 10,054,571 # Transcontinental, Inc. Class A..................... 194,330 2,313,853 TransForce, Inc.................................... 253,806 5,760,419 TransGlobe Energy Corp.(893662106)................. 30,106 87,608 # TransGlobe Energy Corp.(2470548)................... 99,017 288,316 Trican Well Service, Ltd........................... 275,492 1,062,336 # Trilogy Energy Corp................................ 67,393 344,735 Trinidad Drilling, Ltd............................. 381,486 1,281,927 * TSO3, Inc.......................................... 5,400 5,525 #* Turquoise Hill Resources, Ltd.(900435108).......... 263,904 760,044 * Turquoise Hill Resources, Ltd.(B7WJ1F5)............ 494,336 1,435,508 * TVA Group, Inc. Class B............................ 4,447 23,973 # Twin Butte Energy, Ltd............................. 791,037 448,215 Uni-Select, Inc.................................... 26,544 658,012 * Valeant Pharmaceuticals International, Inc.(B3XSX46).................................... 41,711 6,669,099 * Valeant Pharmaceuticals International, Inc.(91911K102).................................. 30,772 4,922,597 # Valener, Inc....................................... 79,533 1,059,647 # Veresen, Inc....................................... 174,606 2,221,908 # Vermilion Energy, Inc.(B607XS1).................... 24,861 1,095,042 Vermilion Energy, Inc.(923725105).................. 49,866 2,184,131 Vicwest, Inc....................................... 8,008 78,839 # Wajax Corp......................................... 61,103 1,166,088 * Wesdome Gold Mines, Ltd............................ 85,051 87,012 West Fraser Timber Co., Ltd........................ 102,729 5,900,026 Western Energy Services Corp....................... 47,822 197,580 Western Forest Products, Inc....................... 1,322,093 2,684,347 # WesternOne, Inc.................................... 54,988 113,810 Westjet Airlines, Ltd.............................. 25,867 621,280 # Westshore Terminals Investment Corp................ 104,778 2,638,621 Whistler Blackcomb Holdings, Inc................... 47,865 752,611 # Whitecap Resources, Inc............................ 595,792 5,818,668 Wi-Lan, Inc........................................ 346,869 930,844 Winpak, Ltd........................................ 38,587 1,147,862 # WSP Global, Inc.................................... 115,289 3,118,347 359 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------------- CANADA -- (Continued) Yamana Gold, Inc.(98462Y100)....................... 135,431 $ 556,621 Yamana Gold, Inc.(2219279)......................... 728,991 3,017,622 #* Yellow Pages, Ltd.................................. 4,700 64,987 # Zargon Oil & Gas, Ltd.............................. 76,173 236,186 ZCL Composites, Inc................................ 10,000 46,274 -------------- TOTAL CANADA........................................... 1,069,245,632 -------------- CHINA -- (0.0%) * Hanfeng Evergreen, Inc............................. 42,625 4,340 #* Technovator International, Ltd..................... 738,000 293,252 Zhuhai Holdings Investment Group, Ltd.............. 294,000 50,716 -------------- TOTAL CHINA............................................ 348,308 -------------- DENMARK -- (1.3%) ALK-Abello A.S..................................... 13,884 1,578,897 * Alm Brand A.S...................................... 298,111 1,543,364 # Ambu A.S. Class B.................................. 42,156 895,477 AP Moeller - Maersk A.S. Class A................... 1,656 3,240,605 AP Moeller - Maersk A.S. Class B................... 3,790 7,658,639 * Auriga Industries A.S. Class B..................... 36,877 1,745,018 #* Bang & Olufsen A.S................................. 135,053 934,015 * Bavarian Nordic A.S................................ 60,891 1,875,138 Brodrene Hartmann A.S.............................. 2,300 60,897 Carlsberg A.S. Class B............................. 84,609 6,212,883 Chr Hansen Holding A.S............................. 207,223 8,611,110 Coloplast A.S. Class B............................. 39,512 3,114,556 # D/S Norden A.S..................................... 56,518 1,168,893 Danske Bank A.S.................................... 284,088 7,352,870 Dfds A.S........................................... 12,222 1,178,401 Djurslands Bank A.S................................ 1,040 31,156 DSV A.S............................................ 455,079 14,333,945 # East Asiatic Co., Ltd. A.S......................... 21,724 171,610 # FLSmidth & Co. A.S................................. 74,237 3,136,526 Fluegger A.S. Class B.............................. 350 20,580 * Genmab A.S......................................... 43,967 2,946,101 GN Store Nord A.S.................................. 377,339 8,459,162 Gronlandsbanken A.S................................ 33 3,233 H Lundbeck A.S..................................... 99,017 2,010,993 * H+H International A.S. Class B..................... 5,798 33,111 Harboes Bryggeri A.S. Class B...................... 2,462 33,804 IC Companys A.S.................................... 17,593 377,241 Jeudan A.S......................................... 1,880 167,106 * Jyske Bank A.S..................................... 124,007 5,612,960 NKT Holding A.S.................................... 54,179 2,783,043 Nordjyske Bank A.S................................. 3,195 48,946 Norresundby Bank A.S............................... 880 52,074 Novo Nordisk A.S. Class B.......................... 381,738 17,014,319 Novo Nordisk A.S. Sponsored ADR.................... 200,371 8,928,532 Novozymes A.S. Class B............................. 137,913 6,289,447 Pandora A.S........................................ 106,376 7,604,563 * Parken Sport & Entertainment A.S................... 5,510 50,060 PER Aarsleff A.S. Class B.......................... 3,649 820,247 360 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ DENMARK -- (Continued) Ringkjoebing Landbobank A.S........................ 4,515 $ 849,007 Rockwool International A.S. Class A................ 55 5,878 Rockwool International A.S. Class B................ 13,992 1,494,090 * Royal UNIBREW A.S.................................. 20,356 3,469,910 Schouw & Co........................................ 36,120 1,676,292 SimCorp A.S........................................ 54,042 1,570,590 Solar A.S. Class B................................. 8,307 366,925 Spar Nord Bank A.S................................. 98,077 884,291 * Sydbank A.S........................................ 165,695 4,667,501 TDC A.S............................................ 1,330,010 9,843,131 Tivoli A.S......................................... 90 43,450 * TK Development A.S................................. 248,337 339,237 * Topdanmark A.S..................................... 226,234 7,570,349 * Topsil Semiconductor Matls......................... 345,651 23,855 Tryg A.S........................................... 27,811 3,256,502 United International Enterprises................... 2,806 420,701 * Vestas Wind Systems A.S............................ 316,614 12,301,597 #* Vestjysk Bank A.S.................................. 23,224 30,289 * William Demant Holding A.S......................... 38,214 2,900,268 * Zealand Pharma A.S................................. 19,350 250,804 ------------ TOTAL DENMARK.......................................... 180,064,189 ------------ FINLAND -- (1.5%) Afarak Group Oyj................................... 107,436 43,265 Ahlstrom Oyj....................................... 23,261 210,154 Alma Media Oyj..................................... 25,653 87,783 Amer Sports Oyj.................................... 349,885 6,673,064 Apetit Oyj......................................... 1,800 31,346 Aspo Oyj........................................... 8,353 65,059 Atria Oyj.......................................... 20,310 177,516 Bank of Aland P.L.C. Class B....................... 1,250 17,190 BasWare Oyj........................................ 5,735 245,773 * Biotie Therapies Oyj............................... 226,186 47,744 # Cargotec Oyj....................................... 92,551 2,964,650 Caverion Corp...................................... 150,517 1,406,838 Citycon Oyj........................................ 539,709 1,829,895 Comptel Oyj........................................ 51,194 53,204 Cramo Oyj.......................................... 25,439 392,298 Digia Oyj.......................................... 10,944 41,916 Elektrobit Oyj..................................... 421,160 1,948,970 Elisa Oyj.......................................... 253,091 6,732,194 F-Secure Oyj....................................... 93,826 242,573 * Finnair Oyj........................................ 130,693 486,371 * Finnlines Oyj...................................... 17,325 313,188 # Fiskars Oyj Abp.................................... 33,897 711,748 Fortum Oyj......................................... 841,020 17,939,583 HKScan Oyj Class A................................. 30,767 133,993 Huhtamaki Oyj...................................... 247,822 6,794,102 Ilkka-Yhtyma Oyj................................... 29,672 73,187 Kemira Oyj......................................... 195,542 2,237,173 Kesko Oyj Class A.................................. 2,893 101,045 Kesko Oyj Class B.................................. 157,478 5,754,622 Kone Oyj Class B................................... 177,735 8,016,236 361 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FINLAND -- (Continued) # Konecranes Oyj..................................... 103,190 $ 3,143,722 Lassila & Tikanoja Oyj............................. 65,947 1,320,884 * Lemminkainen Oyj................................... 23,812 296,329 Metsa Board Oyj.................................... 426,066 2,545,865 Metso Oyj.......................................... 213,245 6,488,032 Metso Oyj Sponsored ADR............................ 10,246 313,835 Munksjo Oyj........................................ 11,852 125,613 Neste Oil Oyj...................................... 383,894 10,675,482 Nokia Oyj.......................................... 3,300,556 25,383,063 # Nokia Oyj Sponsored ADR............................ 53,303 405,103 # Nokian Renkaat Oyj................................. 150,256 3,703,072 Okmetic Oyj........................................ 21,251 127,193 # Olvi Oyj Class A................................... 9,211 250,279 * Oriola-KD Oyj Class A.............................. 1,000 4,094 * Oriola-KD Oyj Class B.............................. 193,210 787,568 Orion Oyj Class A.................................. 22,868 752,524 Orion Oyj Class B.................................. 115,540 3,809,315 #* Outokumpu Oyj...................................... 263,389 1,425,046 # Outotec Oyj........................................ 542,685 3,142,509 PKC Group Oyj...................................... 37,192 808,331 Ponsse Oy.......................................... 48,669 682,434 * Poyry Oyj.......................................... 26,849 88,299 Raisio Oyj Class V................................. 254,861 1,224,501 Ramirent Oyj....................................... 150,753 1,244,714 Rapala VMC Oyj..................................... 14,912 88,139 Saga Furs Oyj...................................... 3,026 79,032 Sampo Oyj Class A.................................. 278,059 13,466,920 Sanoma Oyj......................................... 162,779 1,025,038 Stockmann Oyj Abp(5462371)......................... 8,998 67,932 # Stockmann Oyj Abp(5462393)......................... 44,848 311,179 Stora Enso Oyj Class R............................. 1,448,874 14,057,591 Stora Enso Oyj Sponsored ADR....................... 102,498 995,256 * Talvivaara Mining Co. P.L.C........................ 676,382 23,159 Technopolis Oyj.................................... 205,533 931,632 Teleste Oyj........................................ 6,970 51,122 Tieto Oyj.......................................... 160,023 3,932,451 Tikkurila Oyj...................................... 61,644 1,112,287 UPM-Kymmene Oyj.................................... 1,109,699 19,505,595 UPM-Kymmene Oyj Sponsored ADR...................... 76,179 1,337,703 Uponor Oyj......................................... 94,718 1,443,387 # Vaisala Oyj Class A................................ 6,201 158,530 Valmet OYJ......................................... 159,267 2,050,797 Wartsila Oyj Abp................................... 139,408 6,462,611 # YIT Oyj............................................ 159,761 930,509 ------------ TOTAL FINLAND.......................................... 202,551,357 ------------ FRANCE -- (7.0%) Accor SA........................................... 89,833 4,466,226 Actia Group........................................ 19,748 122,486 Aeroports de Paris................................. 16,599 1,991,631 #* Air France-KLM..................................... 273,467 2,407,979 Air Liquide SA..................................... 68,830 8,677,262 Akka Technologies SA............................... 9,328 338,049 362 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) Albioma SA......................................... 58,690 $ 1,090,616 * Alcatel-Lucent..................................... 2,157,449 7,467,158 #* Alcatel-Lucent Sponsored ADR....................... 1,266,007 4,367,724 * Alstom SA.......................................... 121,978 3,974,487 # Altamir............................................ 24,933 291,944 Alten SA........................................... 49,193 2,060,411 Altran Technologies SA............................. 282,272 2,498,246 April SA........................................... 24,454 303,860 #* Archos............................................. 27,729 74,662 Arkema SA.......................................... 98,333 7,014,542 Assystem........................................... 21,508 420,462 AtoS............................................... 168,253 12,371,597 Aubay.............................................. 8,512 105,831 Audika Groupe...................................... 1,627 23,644 Aurea SA........................................... 515 2,628 AXA SA............................................. 780,294 18,252,592 AXA SA Sponsored ADR............................... 406,668 9,568,898 Axway Software SA.................................. 7,148 135,176 #* Beneteau SA........................................ 50,383 734,007 Bigben Interactive................................. 9,602 41,095 BioMerieux......................................... 23,518 2,569,228 BNP Paribas SA..................................... 455,206 23,900,750 Boiron SA.......................................... 14,943 1,528,355 Bollore SA(4572709)................................ 1,551,160 6,676,006 * Bollore SA(BQR9N80)................................ 2,900 12,125 Bonduelle S.C.A.................................... 27,814 626,871 Bongrain SA........................................ 8,393 511,051 Bouygues SA........................................ 319,976 11,402,356 Bureau Veritas SA.................................. 171,840 3,638,852 Burelle SA......................................... 100 74,412 Cap Gemini SA...................................... 195,812 14,212,049 Carrefour SA....................................... 528,710 16,567,569 Casino Guichard Perrachon SA....................... 123,828 11,233,972 * Cegedim SA......................................... 4,065 147,378 Cegid Group........................................ 12,546 451,684 * CGG SA............................................. 78,752 436,275 #* CGG SA Sponsored ADR............................... 120,793 677,649 * Chargeurs SA....................................... 49,798 288,059 Christian Dior SA.................................. 18,960 3,260,913 Cie de Saint-Gobain................................ 501,828 21,378,212 * Cie des Alpes...................................... 237 4,233 Cie Generale des Etablissements Michelin........... 252,791 24,617,281 * Club Mediterranee SA............................... 40,276 1,122,407 CNP Assurances..................................... 180,800 3,174,030 Credit Agricole SA................................. 722,045 8,563,211 Danone SA.......................................... 108,094 7,254,274 Danone SA Sponsored ADR............................ 34,693 466,968 Dassault Systemes ADR.............................. 10,986 680,363 Dassault Systemes SA............................... 15,258 942,873 Derichebourg SA.................................... 234,809 912,837 Devoteam SA........................................ 2,950 56,726 Edenred............................................ 209,417 6,018,778 Eiffage SA......................................... 119,308 5,808,833 363 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) Electricite de France SA........................... 289,439 $ 7,846,389 Electricite de Strasbourg SA....................... 606 75,381 #* Eramet............................................. 13,827 1,107,355 Essilor International SA........................... 112,866 12,570,046 * Esso SA Francaise.................................. 3,968 164,143 * Etablissements Maurel et Prom...................... 288,836 2,333,046 Euler Hermes Group................................. 26,213 2,566,992 #* Euro Disney SCA.................................... 19,225 26,779 Eurofins Scientific SE............................. 11,905 3,058,456 European Aeronautic Defence and Space Co. NV....... 140,945 7,509,562 Eutelsat Communications SA......................... 176,984 6,080,015 Exel Industries Class A............................ 1,907 99,106 Faiveley Transport SA.............................. 9,588 581,629 Faurecia........................................... 212,400 8,531,338 Fimalac............................................ 8,994 708,892 Fleury Michon SA................................... 2,837 161,301 * GameLoft SE........................................ 56,327 187,620 Gaumont SA......................................... 768 32,108 GDF Suez........................................... 1,929,183 42,786,145 GEA................................................ 98 8,647 * GECI International................................. 20,581 -- GL Events.......................................... 21,951 408,853 Groupe Crit........................................ 11,951 524,379 Groupe Eurotunnel SE............................... 833,722 11,194,132 Groupe Flo......................................... 10,366 25,847 * Groupe Fnac........................................ 8,888 445,796 # Groupe Gorge....................................... 6,147 144,044 * Groupe Open........................................ 2,036 25,867 Guerbet............................................ 16,343 607,345 Haulotte Group SA.................................. 25,889 384,183 # Hermes International............................... 5,367 1,821,396 * Hi-Media SA........................................ 83,236 216,330 Iliad SA........................................... 11,056 2,567,935 Imerys SA.......................................... 64,760 4,676,007 # Ingenico........................................... 56,287 5,884,394 Interparfums SA.................................... 14,580 430,299 Ipsen SA........................................... 47,588 2,421,965 IPSOS.............................................. 61,085 1,591,648 Jacquet Metal Service.............................. 34,067 594,205 JCDecaux SA........................................ 83,951 3,020,611 Kering............................................. 57,973 11,696,822 Korian-Medica...................................... 67,764 2,562,700 L'Oreal SA......................................... 28,626 5,118,451 Lafarge SA......................................... 181,161 12,412,366 Lafarge SA Sponsored ADR........................... 80,259 1,369,219 Lagardere SCA...................................... 210,226 5,749,893 Laurent-Perrier.................................... 2,478 195,881 * Le Noble Age....................................... 1,846 41,572 Lectra............................................. 34,613 389,365 Legrand SA......................................... 123,696 6,630,746 LISI............................................... 32,671 811,385 LVMH Moet Hennessy Louis Vuitton SA................ 90,769 14,597,862 Maisons France Confort SA.......................... 3,179 110,051 364 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) * Manitou BF SA...................................... 18,376 $ 269,773 Manutan International.............................. 2,179 98,455 Mersen............................................. 24,602 581,173 #* METabolic EXplorer SA.............................. 71,826 461,926 Metropole Television SA............................ 93,726 1,713,644 MGI Coutier........................................ 28,232 428,969 Montupet........................................... 23,669 1,878,327 Mr Bricolage....................................... 8,989 144,440 Natixis SA......................................... 848,348 5,395,475 # Naturex............................................ 14,589 763,372 # Neopost SA......................................... 89,025 4,619,040 * Nexans SA.......................................... 87,010 2,740,444 Nexity SA.......................................... 80,358 3,164,151 NextRadioTV........................................ 1,907 55,089 Norbert Dentressangle SA........................... 8,503 1,254,515 #* NRJ Group.......................................... 61,506 460,832 * Onxeo.............................................. 12,362 85,908 Orange SA(5176177)................................. 2,015,284 35,455,035 Orange SA(684060106)............................... 207,198 3,642,541 #* Orco Property Group SA............................. 3,090 1,252 Orpea.............................................. 60,236 3,915,739 * Parrot SA.......................................... 16,137 346,125 Pernod-Ricard SA................................... 42,452 5,090,325 * Peugeot SA......................................... 936,816 13,503,650 * Pierre & Vacances SA............................... 7,592 216,626 Plastic Omnium SA.................................. 110,250 3,165,231 Publicis Groupe SA................................. 72,497 5,416,784 Publicis Groupe SA ADR............................. 97,524 1,838,327 Rallye SA.......................................... 72,517 2,719,125 #* Recylex SA......................................... 32,570 70,074 Renault SA......................................... 184,384 14,091,798 Rexel SA........................................... 482,974 9,023,748 Robertet SA........................................ 752 139,642 # Rubis SCA.......................................... 60,528 3,510,311 Safran SA.......................................... 102,039 6,795,779 Saft Groupe SA..................................... 72,923 2,326,050 Samse SA........................................... 546 65,659 Sanofi............................................. 196,390 18,095,350 Sanofi ADR......................................... 508,573 23,440,130 Sartorius Stedim Biotech........................... 6,350 1,236,076 Schneider Electric SE(4834108)..................... 215,706 16,214,999 Schneider Electric SE(B11BPS1)..................... 19,869 1,493,535 SCOR SE............................................ 281,823 8,773,128 SEB SA............................................. 46,462 3,179,505 Seche Environnement SA............................. 3,292 77,654 #* Sequana SA......................................... 81,203 234,328 SES SA............................................. 169,215 6,164,210 Societe BIC SA..................................... 25,025 3,558,174 Societe d'Edition de Canal +....................... 109,439 737,187 Societe des Bains de Mer et du Cercle des Etrangers a Monaco............................... 1,430 71,050 Societe Generale SA................................ 459,870 18,466,682 Societe Internationale de Plantations d'Heveas SA.. 2,402 88,056 Societe Marseillaise du Tunnel Prado-Carenage SA... 7,833 280,681 365 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FRANCE -- (Continued) Societe Television Francaise 1..................... 235,576 $ 3,708,404 * Sodexo............................................. 8,908 887,120 # Sodexo SA.......................................... 38,166 3,786,617 Sodexo SA Sponsored ADR............................ 3,800 379,658 #* SOITEC............................................. 526,078 522,030 * Solocal Group...................................... 1,676,252 1,407,006 Somfy SA........................................... 1,225 310,960 Sopra Steria Group................................. 28,539 2,222,354 * Spir Communication SA.............................. 2,571 43,911 Stallergenes SA.................................... 332 19,758 #* Ste Industrielle d'Aviation Latecoere SA........... 15,550 198,207 Stef SA............................................ 5,402 311,357 # STMicroelectronics NV(2430025)..................... 349,913 2,904,278 STMicroelectronics NV(5962332)..................... 955,602 7,934,710 #* Store Electronic................................... 16 227 Suez Environnement Co.............................. 287,899 5,292,258 Sword Group........................................ 9,306 204,970 Synergie SA........................................ 6,566 143,270 * Technicolor SA..................................... 505,117 3,017,423 * Technicolor SA Sponsored ADR....................... 4,360 25,811 Technip SA......................................... 108,159 6,316,129 # Technip SA ADR..................................... 101,667 1,510,772 Teleperformance.................................... 131,145 9,395,995 Tessi SA........................................... 1,767 178,975 Thales SA.......................................... 75,321 3,966,565 * Theolia SA......................................... 116,506 72,408 Thermador Groupe................................... 431 34,585 Total Gabon........................................ 203 69,736 Total SA........................................... 1,777,110 91,220,055 # Total SA Sponsored ADR............................. 579,735 29,862,150 Touax SA........................................... 718 12,050 #* Transgene SA....................................... 1,596 13,039 Trigano SA......................................... 16,615 495,909 * UBISOFT Entertainment.............................. 293,139 5,884,283 Union Financiere de France BQE SA.................. 1,141 30,385 Valeo SA........................................... 90,242 12,724,270 Vallourec SA....................................... 202,769 4,399,477 #* Valneva SE......................................... 100,590 458,048 Veolia Environnement SA............................ 347,831 6,371,958 Veolia Environnement SA ADR........................ 45,884 837,383 Vicat.............................................. 16,798 1,179,737 VIEL & Cie SA...................................... 48,096 108,744 Vilmorin & Cie SA.................................. 11,172 982,995 Vinci SA........................................... 244,881 12,864,621 Virbac SA.......................................... 5,724 1,270,563 Vivendi SA......................................... 751,223 17,764,468 VM Materiaux SA.................................... 811 22,168 Vranken-Pommery Monopole SA........................ 3,897 105,592 Zodiac Aerospace................................... 206,735 6,856,426 ------------ TOTAL FRANCE........................................... 949,016,206 ------------ GERMANY -- (6.1%) Aareal Bank AG..................................... 121,094 4,585,368 366 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) Adidas AG.......................................... 72,224 $ 4,969,535 Adler Modemaerkte AG............................... 34,283 495,942 * ADVA Optical Networking SE......................... 90,910 300,506 #* Air Berlin P.L.C................................... 74,923 92,250 #* Aixtron SE......................................... 111,814 884,276 Allgeier SE........................................ 1,954 33,649 Allianz SE......................................... 146,515 24,159,052 Allianz SE ADR..................................... 833,738 13,756,677 Amadeus Fire AG.................................... 8,196 609,721 * Analytik Jena AG................................... 4,322 68,211 * AS Creation Tapeten................................ 906 27,936 Aurubis AG......................................... 76,716 4,159,033 Axel Springer SE................................... 71,810 4,415,633 BASF SE............................................ 338,816 30,302,901 BASF SE Sponsored ADR.............................. 56,496 5,059,782 Basler AG.......................................... 276 12,451 * Bauer AG........................................... 22,932 419,577 Bayer AG........................................... 179,511 25,855,201 Bayer AG Sponsored ADR............................. 10,427 1,496,066 Bayerische Motoren Werke AG........................ 404,239 47,009,192 BayWa AG........................................... 28,813 1,133,358 Bechtle AG......................................... 28,580 2,415,203 Beiersdorf AG...................................... 35,846 3,146,243 Bertrandt AG....................................... 7,367 968,297 Bijou Brigitte AG.................................. 4,195 252,740 Bilfinger SE....................................... 76,922 4,018,651 # Biotest AG......................................... 4,128 458,744 Borussia Dortmund GmbH & Co. KGaA.................. 263,180 1,185,525 Brenntag AG........................................ 137,959 7,509,820 # CANCOM SE.......................................... 20,166 862,545 Carl Zeiss Meditec AG.............................. 30,763 811,453 Celesio AG......................................... 163,796 4,852,174 CENIT AG........................................... 11,286 152,790 CENTROTEC Sustainable AG........................... 19,354 288,703 Cewe Stiftung & Co. KGAA........................... 20,613 1,208,293 Comdirect Bank AG.................................. 66,588 661,657 * Commerzbank AG..................................... 954,016 11,437,980 CompuGroup Medical AG.............................. 30,225 781,797 * Constantin Medien AG............................... 53,339 77,643 Continental AG..................................... 66,358 14,973,469 CropEnergies AG.................................... 41,670 127,282 CTS Eventim AG & Co. KGaA.......................... 69,933 2,000,257 Daimler AG......................................... 734,021 66,476,452 Data Modul AG...................................... 2,305 71,330 DEAG Deutsche Entertainment AG..................... 1,086 9,550 # Delticom AG........................................ 8,371 161,162 Deutsche Bank AG(5750355).......................... 281,400 8,168,377 # Deutsche Bank AG(D18190898)........................ 252,096 7,305,742 Deutsche Boerse AG................................. 88,315 6,772,069 Deutsche Lufthansa AG.............................. 627,503 10,613,555 Deutsche Post AG................................... 564,233 18,260,318 Deutsche Telekom AG................................ 2,515,406 43,360,789 # Deutsche Telekom AG Sponsored ADR.................. 514,737 8,853,476 367 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) Deutsche Wohnen AG................................. 298,915 $ 7,764,741 Deutz AG........................................... 198,255 913,930 * Dialog Semiconductor P.L.C......................... 92,228 3,527,245 DIC Asset AG....................................... 7,350 76,785 DMG Mori Seiki AG.................................. 101,938 3,339,031 Dr Hoenle AG....................................... 7,908 160,512 Draegerwerk AG & Co. KGaA.......................... 3,415 273,383 Drillisch AG....................................... 52,768 2,044,329 Duerr AG........................................... 37,722 3,433,126 E.ON SE............................................ 673,443 10,424,852 E.ON SE Sponsored ADR.............................. 186,717 2,867,973 Eckert & Ziegler AG................................ 7,086 168,168 Elmos Semiconductor AG............................. 28,578 565,325 ElringKlinger AG................................... 87,799 3,059,196 #* Euromicron AG...................................... 12,778 163,405 #* Evotec AG.......................................... 150,502 620,963 Fielmann AG........................................ 22,966 1,561,053 * First Sensor AG.................................... 8,351 89,858 Francotyp-Postalia Holding AG Class A.............. 7,041 33,391 Fraport AG Frankfurt Airport Services Worldwide.... 57,199 3,495,008 Freenet AG......................................... 286,912 8,542,922 Fresenius Medical Care AG & Co. KGaA............... 147,872 10,959,274 # Fresenius Medical Care AG & Co. KGaA ADR........... 51,639 1,915,291 Fresenius SE & Co. KGaA............................ 597,059 34,173,701 Fuchs Petrolub SE.................................. 18,231 688,492 * GAGFAH SA.......................................... 56,443 1,257,753 GEA Group AG....................................... 166,498 7,525,766 Gerresheimer AG.................................... 98,610 5,376,134 Gerry Weber International AG....................... 23,069 888,812 # Gesco AG........................................... 5,111 400,764 GFK SE............................................. 21,804 868,144 GFT Technologies AG................................ 35,183 540,334 # Grammer AG......................................... 42,332 1,683,495 Grenkeleasing AG................................... 8,258 884,052 * H&R AG............................................. 15,018 114,058 Hamburger Hafen und Logistik AG.................... 70,157 1,441,377 Hannover Rueck SE.................................. 85,634 7,675,146 Hawesko Holding AG................................. 1,643 74,103 HeidelbergCement AG................................ 118,620 8,723,213 #* Heidelberger Druckmaschinen AG..................... 825,890 1,938,809 Henkel AG & Co. KGaA............................... 25,214 2,579,951 Highlight Communications AG........................ 31,488 120,790 Hochtief AG........................................ 73,642 5,121,465 Homag Group AG..................................... 4,117 160,681 Hornbach Baumarkt AG............................... 3,252 118,527 Hugo Boss AG....................................... 42,917 5,541,008 Indus Holding AG................................... 43,340 1,890,433 Infineon Technologies AG........................... 521,537 5,844,780 # Infineon Technologies AG ADR....................... 477,224 5,387,859 #* Intershop Communications AG........................ 3,523 4,096 Isra Vision AG..................................... 7,280 447,690 Jenoptik AG........................................ 102,693 1,374,059 * Joyou AG........................................... 10 138 368 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) K+S AG............................................. 342,653 $10,818,651 * Kloeckner & Co. SE................................. 171,441 1,766,430 * Koenig & Bauer AG.................................. 3,131 41,377 * Kontron AG......................................... 132,858 785,455 Krones AG.......................................... 40,000 3,786,929 KSB AG............................................. 214 109,053 # KUKA AG............................................ 43,903 2,967,979 KWS Saat AG........................................ 3,129 956,180 Lanxess AG......................................... 198,973 9,537,384 Leifheit AG........................................ 3,113 170,439 Leoni AG........................................... 91,506 5,708,686 Linde AG........................................... 109,709 21,016,990 # LPKF Laser & Electronics AG........................ 34,998 386,030 MAN SE............................................. 24,163 2,576,112 #* Manz AG............................................ 5,600 401,100 * MasterFlex SE...................................... 338 2,748 * Mediclin AG........................................ 13,261 52,256 #* Medigene AG........................................ 14,552 62,350 Merck KGaA......................................... 68,755 6,869,758 * Metro AG........................................... 301,956 9,291,631 MLP AG............................................. 85,476 338,980 Mobotix AG......................................... 2,823 35,375 MTU Aero Engines AG................................ 108,340 9,911,673 Muehlbauer Holding AG.............................. 1,858 34,425 Muenchener Rueckversicherungs-Gesellschaft AG...... 77,187 15,474,574 MVV Energie AG..................................... 11,953 330,642 Nemetschek AG...................................... 7,676 801,222 Nexus AG........................................... 2,391 34,623 * Nordex SE.......................................... 159,371 3,075,895 Norma Group SE..................................... 49,803 2,469,650 # OHB AG............................................. 17,612 421,411 * Osram Licht AG..................................... 145,425 6,684,928 * Patrizia Immobilien AG............................. 101,163 1,773,910 Pfeiffer Vacuum Technology AG...................... 12,233 1,098,542 # PNE Wind AG........................................ 187,790 467,785 Progress-Werk Oberkirch AG......................... 1,999 87,432 #* PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie.......................... 1,221 17,240 # Puma SE............................................ 3,839 730,674 * PVA TePla AG....................................... 8,269 13,932 * QIAGEN NV.......................................... 325,558 7,448,494 # QSC AG............................................. 182,420 362,136 R Stahl AG......................................... 3,704 178,059 Rational AG........................................ 3,957 1,302,305 Rheinmetall AG..................................... 76,995 3,331,844 Rhoen Klinikum AG.................................. 94,932 2,515,078 RWE AG............................................. 772,488 21,428,359 SAF-Holland SA..................................... 125,806 1,857,838 Salzgitter AG...................................... 65,761 1,792,699 SAP SE............................................. 100,171 6,537,936 # SAP SE Sponsored ADR............................... 53,187 3,476,302 # Schaltbau Holding AG............................... 8,865 455,549 #* SGL Carbon SE...................................... 65,955 1,047,177 369 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) SHW AG............................................. 11,716 $ 578,151 # Siemens AG Sponsored ADR........................... 190,721 19,947,509 #* Singulus Technologies AG........................... 93,150 89,324 Sixt SE............................................ 37,276 1,444,378 #* SKW Stahl-Metallurgie Holding AG................... 10,141 51,996 #* SMA Solar Technology AG............................ 24,476 297,551 SMT Scharf AG...................................... 4,136 66,438 Softing AG......................................... 3,278 54,321 Software AG........................................ 104,515 2,766,197 #* Solarworld AG...................................... 882 11,416 Stada Arzneimittel AG.............................. 150,097 4,653,932 STRATEC Biomedical AG.............................. 1,985 106,951 Stroeer Media SE................................... 48,107 1,400,234 # Suedzucker AG...................................... 130,386 1,639,503 #* Suss Microtec AG................................... 51,488 270,567 Symrise AG......................................... 81,236 5,317,130 # TAG Immobilien AG.................................. 175,903 2,284,853 Takkt AG........................................... 66,544 1,133,038 * Talanx AG.......................................... 75,735 2,306,606 Technotrans AG..................................... 4,636 51,234 Telefonica Deutschland Holding AG.................. 1,058,717 5,873,528 #* ThyssenKrupp AG.................................... 235,655 6,122,002 * Tom Tailor Holding AG.............................. 33,821 415,255 Tomorrow Focus AG.................................. 7,335 31,015 United Internet AG................................. 136,235 5,901,727 Volkswagen AG...................................... 30,542 6,781,118 # Vossloh AG......................................... 12,404 794,211 VTG AG............................................. 27,046 649,234 # Wacker Chemie AG................................... 38,423 4,114,103 Wacker Neuson SE................................... 67,649 1,370,199 Washtec AG......................................... 50,600 857,920 Wincor Nixdorf AG.................................. 45,459 2,083,260 Wirecard AG........................................ 22,554 1,008,147 XING AG............................................ 3,814 465,675 # Zeal Network SE.................................... 12,315 518,634 ------------ TOTAL GERMANY.......................................... 821,237,378 ------------ GREECE -- (0.0%) * Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products................. 69,510 -- * Bank of Cyprus Pcl................................. 1 -- * T Bank SA.......................................... 46,506 -- ------------ TOTAL GREECE........................................... -- ------------ HONG KONG -- (2.8%) Aeon Stores Hong Kong Co., Ltd..................... 32,000 35,510 AIA Group, Ltd..................................... 3,496,800 20,276,278 Allied Group, Ltd.................................. 72,000 305,892 Allied Properties HK, Ltd.......................... 2,794,393 554,892 * Anxian Yuan China Holdings, Ltd.................... 1,560,000 28,160 #* Apac Resources, Ltd................................ 591,244 8,579 APT Satellite Holdings, Ltd........................ 882,500 1,200,285 Arts Optical International Hldgs................... 70,000 27,078 370 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) Asia Financial Holdings, Ltd....................... 270,000 $ 115,496 Asia Satellite Telecommunications Holdings, Ltd.... 144,000 500,542 Asia Standard International Group, Ltd............. 438,745 103,014 ASM Pacific Technology, Ltd........................ 233,100 2,105,736 Associated International Hotels, Ltd............... 79,000 237,912 Aupu Group Holding Co., Ltd........................ 632,000 124,335 * AVIC Joy Holdings HK, Ltd.......................... 1,845,000 80,570 Bank of East Asia, Ltd............................. 2,074,946 8,621,637 BOC Hong Kong Holdings, Ltd........................ 3,042,500 10,664,533 # Bonjour Holdings, Ltd.............................. 4,060,000 366,651 Bossini International Hldg......................... 1,204,000 102,065 #* Brightoil Petroleum Holdings, Ltd.................. 5,338,000 1,296,606 * Brockman Mining, Ltd............................... 2,850,520 106,234 * Burwill Holdings, Ltd.............................. 9,867,600 425,072 # Cafe de Coral Holdings, Ltd........................ 512,000 1,884,704 Cathay Pacific Airways, Ltd........................ 2,379,000 5,532,091 CEC International Holdings, Ltd.................... 606,000 177,120 Chen Hsong Holdings................................ 360,000 96,072 Cheuk Nang Holdings, Ltd........................... 100,894 91,598 # Cheung Kong Holdings, Ltd.......................... 633,000 12,079,397 Cheung Kong Infrastructure Holdings, Ltd........... 503,045 4,128,624 * Cheung Wo International Holdings, Ltd.............. 90,000 7,191 Chevalier International Holdings, Ltd.............. 107,913 185,208 * China Billion Resources, Ltd....................... 5,752,080 -- * China Daye Non-Ferrous Metals Mining, Ltd.......... 1,934,000 34,967 #* China Dynamics Holdings, Ltd....................... 6,360,000 473,886 # China Electronics Corp. Holdings Co., Ltd.......... 2,128,000 490,292 * China Energy Development Holdings, Ltd............. 30,592,000 581,458 China Financial Services Holdings, Ltd............. 304,000 21,873 * China Flavors & Fragrances Co., Ltd................ 24,890 3,285 * China Infrastructure Investment, Ltd............... 2,032,000 31,464 China Metal International Holdings, Inc............ 540,000 174,342 * China Renji Medical Group, Ltd..................... 866,250 25,309 * China Solar Energy Holdings, Ltd................... 1,033,500 4,499 * China Star Entertainment, Ltd...................... 27,950,000 444,684 China Ting Group Holdings, Ltd..................... 692,000 32,445 * China Tycoon Beverage Holdings, Ltd................ 60,000 1,793 Chinese Estates Holdings, Ltd...................... 9,000 28,942 Chong Hing Bank, Ltd............................... 39,486 88,879 Chow Sang Sang Holdings International, Ltd......... 868,000 2,300,448 # Chow Tai Fook Jewellery Group, Ltd................. 812,000 1,074,438 Chu Kong Shipping Enterprise Group Co., Ltd........ 774,000 205,237 Chuang's China Investments, Ltd.................... 642,813 43,645 Chuang's Consortium International, Ltd............. 1,599,553 198,287 CITIC Telecom International Holdings, Ltd.......... 4,782,000 1,477,902 CK Life Sciences International Holdings, Inc....... 7,536,000 766,875 CLP Holdings, Ltd.................................. 303,500 2,713,433 * CP Lotus Corp...................................... 1,420,000 30,937 Cross-Harbour Holdings, Ltd. (The)................. 102,000 111,776 # CSI Properties, Ltd................................ 6,954,200 268,034 #* CST Mining Group, Ltd.............................. 9,192,000 52,207 Cw Group Holdings, Ltd............................. 1,014,000 275,188 Dah Sing Banking Group, Ltd........................ 1,151,702 1,921,423 371 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) # Dah Sing Financial Holdings, Ltd................... 432,444 $2,489,896 * Dan Form Holdings Co., Ltd......................... 1,227,900 196,196 Dickson Concepts International, Ltd................ 361,000 169,683 Dorsett Hospitality International, Ltd............. 1,732,000 285,930 Eagle Nice International Holdings, Ltd............. 534,000 97,804 EcoGreen Fine Chemicals Group, Ltd................. 132,000 36,348 * EganaGoldpfeil Holdings, Ltd....................... 209,588 -- Emperor Capital Group, Ltd......................... 2,136,000 210,488 Emperor Entertainment Hotel, Ltd................... 1,865,000 439,820 Emperor International Holdings, Ltd................ 3,646,416 826,333 Emperor Watch & Jewellery, Ltd..................... 10,020,000 431,466 * EPI Holdings, Ltd.................................. 7,858,000 128,781 Esprit Holdings, Ltd............................... 4,352,313 4,920,638 * eSun Holdings, Ltd................................. 923,000 84,572 Fairwood Holdings, Ltd............................. 122,500 306,160 # Far East Consortium International, Ltd............. 2,376,866 928,817 * FIH Mobile, Ltd.................................... 6,221,000 2,767,399 First Pacific Co., Ltd............................. 6,477,756 6,573,271 Fountain SET Holdings, Ltd......................... 1,150,000 119,722 Four Seas Mercantile Holdings, Ltd................. 36,000 20,993 Fujikon Industrial Holdings, Ltd................... 132,000 24,790 * Fullshare Holdings, Ltd............................ 1,772,500 121,458 # Future Bright Holdings, Ltd........................ 1,410,000 366,004 * G-Resources Group, Ltd............................. 50,026,200 1,419,406 Galaxy Entertainment Group, Ltd.................... 561,000 2,926,621 * GCL New Energy Holdings, Ltd....................... 4,872,000 569,644 Get Nice Holdings, Ltd............................. 11,454,000 522,272 # Giordano International, Ltd........................ 4,150,000 1,963,668 * Global Brands Group Holding, Ltd................... 3,309,250 623,491 # Glorious Sun Enterprises, Ltd...................... 796,000 173,423 Gold Peak Industries Holding, Ltd.................. 453,000 50,227 Golden Resources Development International, Ltd.... 676,000 40,183 * Good Fellow Resources Holdings, Ltd................ 150,000 30,572 Guangnan Holdings, Ltd............................. 1,128,000 161,127 # Haitong International Securities Group, Ltd........ 1,750,192 1,102,509 Hang Lung Group, Ltd............................... 731,000 3,485,938 Hang Lung Properties, Ltd.......................... 1,829,000 5,354,305 Hang Seng Bank, Ltd................................ 299,400 5,236,141 * Hao Tian Development Group, Ltd.................... 948,000 40,387 Harbour Centre Development, Ltd.................... 158,000 288,640 # Henderson Land Development Co., Ltd................ 1,213,096 8,686,962 * Heng Fai Enterprises, Ltd.......................... 100,000 1,573 HKR International, Ltd............................. 975,162 500,913 Hon Kwok Land Investment Co., Ltd.................. 234,000 77,410 Hong Kong & China Gas Co., Ltd..................... 1,989,867 4,561,840 # Hong Kong Aircraft Engineering Co., Ltd............ 33,600 371,287 Hong Kong Exchanges and Clearing, Ltd.............. 381,358 8,777,011 #* Hong Kong Television Network, Ltd. ADR............. 19,127 163,918 Hongkong & Shanghai Hotels (The)................... 937,924 1,341,827 Hongkong Chinese, Ltd.............................. 1,625,143 284,909 Hop Hing Group Holdings, Ltd....................... 252,000 4,184 Hopewell Holdings, Ltd............................. 1,147,500 4,300,387 # Hsin Chong Construction Group, Ltd................. 1,682,000 190,615 372 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) Hung Hing Printing Group, Ltd...................... 910,524 $ 123,264 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 5,038,000 2,304,698 Hutchison Whampoa, Ltd............................. 1,067,000 14,120,853 Hysan Development Co., Ltd......................... 767,215 3,717,962 * I-CABLE Communications, Ltd........................ 1,856,000 167,074 * Imagi International Holdings, Ltd.................. 18,808,000 409,660 #* Integrated Waste Solutions Group Holdings, Ltd..... 4,444,000 182,418 * International Standard Resources Holdings, Ltd..... 5,542,500 264,765 iOne Holdings, Ltd................................. 700,000 22,160 IPE Group, Ltd..................................... 1,225,000 110,612 #* IRC, Ltd........................................... 1,958,000 119,258 IT, Ltd............................................ 1,773,087 454,405 * Jinhui Holdings Co., Ltd........................... 167,000 26,330 Johnson Electric Holdings, Ltd..................... 993,750 3,615,206 # K Wah International Holdings, Ltd.................. 2,579,135 1,391,544 Ka Shui International Holdings, Ltd................ 134,000 19,671 * Kader Holdings Co., Ltd............................ 154,000 15,853 Kam Hing International Holdings, Ltd............... 74,000 4,953 Kantone Holdings, Ltd.............................. 244,436 29,954 Kerry Logistics Network, Ltd....................... 380,791 580,799 Kerry Properties, Ltd.............................. 1,526,583 5,423,712 * King Stone Energy Group, Ltd....................... 1,196,000 29,575 Kingmaker Footwear Holdings, Ltd................... 754,000 126,257 # Kingston Financial Group, Ltd...................... 5,579,000 640,219 Kowloon Development Co., Ltd....................... 996,000 1,162,064 L'Occitane International SA........................ 927,500 2,340,589 Lai Sun Development Co., Ltd....................... 31,869,666 713,056 Lam Soon Hong Kong, Ltd............................ 12,000 9,689 Lee's Pharmaceutical Holdings, Ltd................. 200,500 301,592 Lerado Group Holding Co., Ltd...................... 672,000 45,944 Li & Fung, Ltd..................................... 3,309,250 3,266,408 Lifestyle International Holdings, Ltd.............. 1,199,500 2,360,489 Lippo China Resources, Ltd......................... 7,946,000 270,769 Lippo, Ltd......................................... 102,000 56,180 * Lisi Group Holdings, Ltd........................... 250,000 11,128 Liu Chong Hing Investment, Ltd..................... 460,000 567,310 Luen Thai Holdings, Ltd............................ 336,000 65,224 Luk Fook Holdings International, Ltd............... 1,529,000 5,703,558 Luks Group Vietnam Holdings Co., Ltd............... 130,000 40,003 Lung Kee Bermuda Holdings.......................... 280,000 78,260 Magnificent Estates................................ 4,256,000 186,265 # Man Wah Holdings, Ltd.............................. 3,707,200 3,160,769 Man Yue Technology Holdings, Ltd................... 706,000 103,388 * Mei Ah Entertainment Group, Ltd.................... 3,580,000 248,708 # Melco Crown Entertainment, Ltd..................... 24,300 194,909 Melco Crown Entertainment, Ltd. ADR................ 40,417 970,008 # Melco International Development, Ltd............... 1,006,000 2,005,592 MGM China Holdings, Ltd............................ 546,800 1,330,084 #* Midland Holdings, Ltd.............................. 2,016,000 1,016,666 Ming Fai International Holdings, Ltd............... 453,000 48,414 * Ming Fung Jewellery Group, Ltd..................... 6,556,000 63,098 Miramar Hotel & Investment......................... 241,000 305,378 #* Mongolian Mining Corp.............................. 10,036,750 396,857 373 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- HONG KONG -- (Continued) MTR Corp., Ltd..................................... 743,317 $ 3,292,917 # NagaCorp, Ltd...................................... 4,452,000 3,491,353 Natural Beauty Bio-Technology, Ltd................. 70,000 6,781 * Neo-Neon Holdings, Ltd............................. 1,247,000 193,978 * Neptune Group, Ltd................................. 6,370,000 98,304 New World Development Co., Ltd..................... 8,611,839 10,289,624 # Newocean Energy Holdings, Ltd...................... 3,536,000 1,300,589 Next Media, Ltd.................................... 1,192,000 105,604 NWS Holdings, Ltd.................................. 1,555,580 2,879,045 * Orange Sky Golden Harvest Entertainment Holdings, Ltd.............................................. 2,990,000 185,079 Orient Overseas International, Ltd................. 570,000 3,714,677 Oriental Watch Holdings............................ 1,152,240 204,726 Pacific Andes International Holdings, Ltd.......... 9,686,411 331,569 # Pacific Basin Shipping, Ltd........................ 3,963,000 1,461,398 Pacific Textile Holdings, Ltd...................... 1,952,000 2,693,161 Paliburg Holdings, Ltd............................. 662,790 221,295 # Paradise Entertainment, Ltd........................ 1,364,000 465,223 PCCW, Ltd.......................................... 7,021,265 4,639,609 PCCW, Ltd. ADR..................................... 7,400 49,025 #* Peace Mark Holdings, Ltd........................... 308,000 -- * Pearl Oriental Oil, Ltd............................ 2,842,627 62,055 Pegasus International Holdings, Ltd................ 82,000 12,346 Perfect Shape PRC Holdings, Ltd.................... 568,000 155,467 # Pico Far East Holdings, Ltd........................ 1,042,000 233,827 Playmates Holdings, Ltd............................ 195,400 189,820 # Playmates Toys, Ltd................................ 2,064,000 436,791 Polytec Asset Holdings, Ltd........................ 4,320,000 583,539 Power Assets Holdings, Ltd......................... 431,000 4,496,825 # Prada SpA.......................................... 284,300 1,667,374 Public Financial Holdings, Ltd..................... 464,000 221,443 PYI Corp., Ltd..................................... 5,416,552 112,963 Regal Hotels International Holdings, Ltd........... 1,153,400 716,598 * Richfield Group Holdings, Ltd...................... 2,392,000 90,856 # SA SA International Holdings, Ltd.................. 2,306,000 1,486,683 Samsonite International SA......................... 2,703,300 8,204,182 * Sandmartin International Holdings, Ltd............. 270,000 13,168 Sands China, Ltd................................... 575,600 2,794,856 SAS Dragon Hldg, Ltd............................... 1,238,000 265,785 SCMP Group, Ltd.................................... 10,000 1,440 SEA Holdings, Ltd.................................. 246,000 165,072 * SEEC Media Group, Ltd.............................. 630,000 29,904 Shangri-La Asia, Ltd............................... 2,220,166 2,876,335 Shenyin Wanguo HK, Ltd............................. 780,000 606,800 * Shougang Concord Technology Holdings............... 4,482,000 149,696 Shun Tak Holdings, Ltd............................. 5,926,250 2,708,252 * Silver base Group Holdings, Ltd.................... 470,000 59,319 Simsen International Corp., Ltd.................... 24,000 5,294 Sing Tao News Corp., Ltd........................... 490,000 71,975 Singamas Container Holdings, Ltd................... 3,158,000 508,486 Sino Land Co., Ltd................................. 2,844,706 4,771,839 Sitoy Group Holdings, Ltd.......................... 365,000 239,963 SJM Holdings, Ltd.................................. 2,115,699 3,089,857 # SmarTone Telecommunications Holdings, Ltd.......... 1,412,010 2,475,656 374 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- HONG KONG -- (Continued) * SOCAM Development, Ltd............................. 432,488 $ 393,010 * Solomon Systech International, Ltd................. 754,000 28,997 Soundwill Holdings, Ltd............................ 36,000 58,411 * South China China, Ltd............................. 1,088,000 110,452 # Stella International Holdings, Ltd................. 574,000 1,500,269 Stelux Holdings International, Ltd................. 637,600 156,352 * Success Universe Group, Ltd........................ 2,804,000 77,919 Sun Hing Vision Group Holdings, Ltd................ 122,000 39,177 # Sun Hung Kai & Co., Ltd............................ 1,910,787 1,713,248 Sun Hung Kai Properties, Ltd....................... 1,121,511 18,220,738 Swire Pacific, Ltd. Class A........................ 318,500 4,265,216 Swire Pacific, Ltd. Class B........................ 422,500 1,032,151 Swire Properties, Ltd.............................. 382,850 1,236,504 * Symphony Holdings, Ltd............................. 651,500 52,187 TAI Cheung Holdings, Ltd........................... 485,000 402,884 Tai Sang Land Development, Ltd..................... 145,523 73,298 Tan Chong International, Ltd....................... 372,000 123,608 Tao Heung Holdings, Ltd............................ 36,000 16,030 * Taung Gold International, Ltd...................... 3,200,000 69,464 Techtronic Industries Co., Ltd..................... 2,690,000 8,784,910 Television Broadcasts, Ltd......................... 793,700 4,931,848 * Termbray Industries International Holdings, Ltd.... 112,000 11,395 Texwinca Holdings, Ltd............................. 1,510,000 1,243,930 #* Titan Petrochemicals Group, Ltd.................... 3,200,000 1,032 Tradelink Electronic Commerce, Ltd................. 1,494,000 334,507 # Transport International Holdings, Ltd.............. 284,200 700,779 # Trinity, Ltd....................................... 3,608,000 702,526 #* TSC Group Holdings, Ltd............................ 1,374,000 345,812 #* United Laboratories International Holdings, Ltd. (The)............................................ 1,893,500 927,767 * Universe International Holdings, Ltd............... 2,910,000 34,797 Value Partners Group, Ltd.......................... 2,009,000 1,707,190 Varitronix International, Ltd...................... 976,000 665,240 * Vedan International Holdings, Ltd.................. 1,192,000 62,694 Victory City International Holdings, Ltd........... 2,557,244 364,107 # Vitasoy International Holdings, Ltd................ 1,130,000 1,566,930 VST Holdings, Ltd.................................. 1,979,200 632,798 # VTech Holdings, Ltd................................ 217,500 3,056,091 Wai Kee Holdings, Ltd.............................. 222,000 65,176 Wharf Holdings, Ltd. (The)......................... 694,750 5,650,660 Wheelock & Co., Ltd................................ 1,142,000 6,475,885 Win Hanverky Holdings, Ltd......................... 32,000 3,832 Wing On Co. International, Ltd..................... 123,137 390,412 Wing Tai Properties, Ltd........................... 374,000 237,587 Wong's Kong King International..................... 110,000 10,643 # Wynn Macau, Ltd.................................... 846,000 2,337,287 Xinyi Glass Holdings, Ltd.......................... 7,862,000 4,145,481 # Xinyi Solar Holdings, Ltd.......................... 3,122,000 861,570 Yau Lee Holdings, Ltd.............................. 218,000 48,820 Yeebo International Hldg........................... 26,000 4,186 # YGM Trading, Ltd................................... 103,000 181,905 375 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) Yue Yuen Industrial Holdings, Ltd.................. 1,777,000 $ 6,669,635 ------------ TOTAL HONG KONG........................................ 378,924,360 ------------ IRELAND -- (0.5%) * Bank of Ireland.................................... 14,944,413 4,497,800 #* Bank of Ireland Sponsored ADR...................... 79,950 964,197 C&C Group P.L.C.(B010DT8).......................... 24,767 96,132 C&C Group P.L.C.(B011Y09).......................... 486,561 1,896,519 CRH P.L.C.(4182249)................................ 174,478 4,209,397 CRH P.L.C.(0182704)................................ 71,685 1,731,833 CRH P.L.C. Sponsored ADR........................... 504,338 12,174,719 Dragon Oil P.L.C................................... 306,883 2,547,335 FBD Holdings P.L.C.(4330231)....................... 31,758 394,327 FBD Holdings P.L.C.(0329028)....................... 18,709 235,672 Glanbia P.L.C.(4058629)............................ 144,151 2,320,838 Glanbia P.L.C.(0066950)............................ 74,909 1,209,759 IFG Group P.L.C.................................... 45,155 79,094 * Independent News & Media P.L.C..................... 108,669 15,215 Irish Continental Group P.L.C...................... 161,702 597,839 * Kenmare Resources P.L.C............................ 357,459 18,393 Kerry Group P.L.C. Class A(4519579)................ 16,714 1,211,334 Kerry Group P.L.C. Class A(0490656)................ 76,886 5,539,776 Kingspan Group P.L.C.(4491235)..................... 324,006 5,854,286 Kingspan Group P.L.C.(0492793)..................... 19,320 352,239 Paddy Power P.L.C.(4828974)........................ 46,924 3,657,041 Paddy Power P.L.C.(0258810)........................ 7,672 598,388 Smurfit Kappa Group P.L.C.......................... 445,340 10,948,817 ------------ TOTAL IRELAND.......................................... 61,150,950 ------------ ISRAEL -- (0.6%) #* Africa Israel Investments, Ltd..................... 329,449 291,363 Africa Israel Properties, Ltd...................... 22,005 274,017 * Airport City, Ltd.................................. 57,053 470,409 #* AL-ROV Israel, Ltd................................. 7,750 209,700 * Allot Communications, Ltd.......................... 5,559 50,543 #* Alon Blue Square Israel, Ltd....................... 25,445 63,975 * Alrov Properties and Lodgings, Ltd................. 1,870 34,318 Amot Investments, Ltd.............................. 121,243 359,568 #* AudioCodes, Ltd.................................... 29,705 151,712 # Avgol Industries 1953, Ltd......................... 30,929 24,226 * Azorim-Investment Development & Construction Co., Ltd.............................................. 20,709 15,104 Azrieli Group...................................... 65,992 2,276,575 Bank Hapoalim BM................................... 1,133,685 5,035,888 * Bank Leumi Le-Israel BM............................ 1,302,261 4,341,608 Bayside Land Corp.................................. 972 261,459 Bezeq The Israeli Telecommunication Corp., Ltd..... 1,887,318 3,009,882 * Brainsway, Ltd..................................... 1,406 11,206 #* Cellcom Israel, Ltd.(M2196U109).................... 28,645 150,100 * Cellcom Israel, Ltd.(B23WQK8)...................... 46,083 243,362 * Ceragon Networks, Ltd.............................. 14,237 13,545 #* Clal Biotechnology Industries, Ltd................. 136,587 120,267 * Clal Insurance Enterprises Holdings, Ltd........... 45,685 660,381 376 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- ISRAEL -- (Continued) * Compugen, Ltd...................................... 4,177 $ 32,273 Delek Automotive Systems, Ltd...................... 65,546 627,999 Delek Group, Ltd................................... 5,085 1,243,808 # Delta-Galil Industries, Ltd........................ 22,832 655,208 Direct Insurance Financial Investments, Ltd........ 4,086 22,268 * El Al Israel Airlines.............................. 152,065 28,425 Elbit Systems, Ltd.(6308913)....................... 34,263 2,106,660 Elbit Systems, Ltd.(M3760D101)..................... 733 45,292 Electra, Ltd....................................... 3,179 339,593 # Elron Electronic Industries, Ltd................... 6,344 27,221 * Energix-Renewable Energies, Ltd.................... 7,344 3,330 #* Evogene, Ltd....................................... 16,344 135,055 * EZchip Semiconductor, Ltd.(M4146Y108).............. 43,199 822,941 * EZchip Semiconductor, Ltd.(6554998)................ 2,588 48,538 First International Bank Of Israel, Ltd............ 58,599 735,151 FMS Enterprises Migun, Ltd......................... 3,360 50,440 Formula Systems 1985, Ltd.......................... 11,080 230,220 # Fox Wizel, Ltd..................................... 10,881 247,571 Frutarom Industries, Ltd........................... 58,720 1,839,969 #* Gilat Satellite Networks, Ltd.(B01BZ39)............ 6,742 30,845 * Gilat Satellite Networks, Ltd.(M51474118).......... 4,324 20,409 Golf & Co., Ltd.................................... 12,895 34,194 * Hadera Paper, Ltd.................................. 3,551 61,723 Harel Insurance Investments & Financial Services, Ltd.............................................. 277,224 1,233,884 # Industrial Buildings Corp., Ltd.................... 69,029 72,572 Israel Chemicals, Ltd.............................. 169,603 1,218,742 * Israel Discount Bank, Ltd. Class A................. 1,471,713 2,299,395 Israel Land Development Co., Ltd. (The)............ 7,214 24,033 Ituran Location and Control, Ltd.(B0LDC23)......... 20,528 430,427 Ituran Location and Control, Ltd.(M6158M104)....... 2,473 51,290 * Jerusalem Oil Exploration.......................... 24,392 722,194 #* Kamada, Ltd........................................ 23,951 97,115 Magic Software Enterprises, Ltd.................... 10,713 60,084 Matrix IT, Ltd..................................... 90,724 413,072 #* Mazor Robotics, Ltd................................ 29,389 150,800 Meitav DS Investments, Ltd......................... 17,159 45,170 Melisron, Ltd...................................... 24,965 726,923 Menorah Mivtachim Holdings, Ltd.................... 56,655 498,325 Migdal Insurance & Financial Holding, Ltd.......... 555,075 660,858 #* Mivtach Shamir Holdings, Ltd....................... 9,389 211,031 * Mizrahi Tefahot Bank, Ltd.......................... 298,671 3,259,296 * Naphtha Israel Petroleum Corp., Ltd................ 51,067 259,653 Neto ME Holdings, Ltd.............................. 1,394 69,554 NICE Systems, Ltd. Sponsored ADR................... 39,753 1,945,909 * Nitsba Holdings 1995, Ltd.......................... 52,251 713,055 * Nova Measuring Instruments, Ltd.................... 30,646 336,426 * Oil Refineries, Ltd................................ 2,923,608 850,429 Ormat Industries................................... 187,876 1,316,399 Osem Investments, Ltd.............................. 35,426 627,654 #* Partner Communications Co., Ltd.................... 84,142 284,959 * Partner Communications Co., Ltd. ADR............... 11,519 38,358 Paz Oil Co., Ltd................................... 10,760 1,376,863 Phoenix Holdings, Ltd. (The)....................... 139,852 394,598 377 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ISRAEL -- (Continued) Plasson Industries, Ltd............................ 1,880 $ 62,858 # Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 14,167 559,442 * Sapiens International Corp. NV..................... 4,537 29,997 Shikun & Binui, Ltd................................ 361,220 684,106 # Shufersal, Ltd..................................... 105,421 217,014 * Strauss Group, Ltd................................. 42,103 616,686 Teva Pharmaceutical Industries, Ltd................ 264 14,993 Teva Pharmaceutical Industries, Ltd. Sponsored ADR.................................... 572,884 32,574,184 #* Tower Semiconductor, Ltd.(6320605)................. 22,626 342,017 #* Tower Semiconductor, Ltd.(M87915274)............... 8,931 135,483 * Union Bank of Israel............................... 38,349 124,659 ----------- TOTAL ISRAEL........................................... 83,208,848 ----------- ITALY -- (2.2%) #* A.S. Roma SpA...................................... 145,757 86,676 A2A SpA............................................ 2,017,711 1,923,077 ACEA SpA........................................... 84,908 954,487 #* Aeffe SpA.......................................... 68,280 143,673 Alerion Cleanpower SpA............................. 43,703 118,164 Amplifon SpA....................................... 135,441 810,199 Ansaldo STS SpA.................................... 193,792 1,947,410 #* Arnoldo Mondadori Editore SpA...................... 369,522 385,244 Ascopiave SpA...................................... 134,859 289,994 Assicurazioni Generali SpA......................... 450,606 9,510,297 # Astaldi SpA........................................ 224,562 1,427,482 Atlantia SpA....................................... 221,753 5,707,614 * Autogrill SpA...................................... 229,408 1,959,780 Azimut Holding SpA................................. 151,535 3,532,472 #* Banca Carige SpA................................... 5,284,868 353,877 # Banca Finnat Euramerica SpA........................ 202,150 118,560 Banca Generali SpA................................. 96,416 2,693,448 Banca IFIS SpA..................................... 29,953 515,292 * Banca Monte dei Paschi di Siena SpA................ 3,713,242 1,678,754 * Banca Popolare dell'Emilia Romagna SC.............. 1,336,678 9,014,745 #* Banca Popolare dell'Etruria e del Lazio SC......... 672,810 395,197 * Banca Popolare di Milano Scarl..................... 9,285,436 7,432,737 Banca Popolare di Sondrio SCARL.................... 629,266 2,443,438 # Banca Profilo SpA.................................. 309,467 130,899 Banco di Desio e della Brianza SpA................. 30,473 78,700 * Banco Popolare SC.................................. 815,396 10,290,138 * BasicNet SpA....................................... 47,125 131,248 * Beghelli SpA....................................... 52,121 23,583 Biesse SpA......................................... 35,855 492,693 Brembo SpA......................................... 48,108 1,695,403 * Brioschi Sviluppo Immobiliare SpA.................. 218,173 24,264 # Brunello Cucinelli SpA............................. 20,305 417,695 # Buzzi Unicem SpA................................... 158,168 1,941,747 Cairo Communication SpA............................ 47,163 300,245 * Carraro SpA........................................ 24,693 58,324 Cembre SpA......................................... 4,534 59,352 # Cementir Holding SpA............................... 139,730 934,881 * CIR-Compagnie Industriali Riunite SpA.............. 923,602 1,019,296 CNH Industrial NV.................................. 509,109 3,875,729 378 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) Credito Emiliano SpA............................... 196,547 $ 1,529,229 * Credito Valtellinese SC............................ 1,753,106 1,972,665 # d'Amico International Shipping SA.................. 149,651 83,302 Danieli & C Officine Meccaniche SpA................ 25,230 618,604 Datalogic SpA...................................... 25,733 288,780 Davide Campari-Milano SpA.......................... 211,467 1,433,416 De'Longhi SpA...................................... 85,037 1,532,932 * Delclima........................................... 35,945 79,423 DiaSorin SpA....................................... 30,014 1,198,278 * Ei Towers SpA...................................... 14,943 741,508 El.En. SpA......................................... 5,402 188,218 Elica SpA.......................................... 6,214 12,630 Enel Green Power SpA............................... 1,129,287 2,232,369 Enel SpA........................................... 1,336,126 6,037,096 Engineering SpA.................................... 10,426 508,820 Eni SpA............................................ 1,624,563 27,339,083 # Eni SpA Sponsored ADR.............................. 216,247 7,330,773 ERG SpA............................................ 144,210 1,717,093 Esprinet SpA....................................... 64,660 442,153 * Eurotech SpA....................................... 93,990 218,384 Falck Renewables SpA............................... 309,609 341,437 #* Fiat Chrysler Automobiles NV....................... 8,900 117,569 * Finmeccanica SpA................................... 750,409 8,195,642 FNM SpA............................................ 309,484 189,755 Gas Plus SpA....................................... 5,879 23,368 #* Geox SpA........................................... 136,224 461,505 * Gruppo Editoriale L'Espresso SpA................... 350,809 443,611 Gruppo MutuiOnline SpA............................. 659 3,843 GTECH SpA.......................................... 105,013 2,064,009 Hera SpA........................................... 914,595 2,241,475 * IMMSI SpA.......................................... 569,175 408,833 Industria Macchine Automatiche SpA................. 21,402 943,625 * Intek Group SpA.................................... 448,638 170,640 Interpump Group SpA................................ 109,728 1,563,978 Intesa Sanpaolo SpA................................ 7,088,857 20,729,658 Iren SpA........................................... 847,315 982,896 # Italcementi SpA.................................... 462,912 3,187,000 # Italmobiliare SpA.................................. 16,960 437,596 #* Juventus Football Club SpA......................... 1,175,852 308,093 La Doria SpA....................................... 23,017 271,423 * Landi Renzo SpA.................................... 62,245 72,438 Luxottica Group SpA................................ 71,345 4,242,319 Luxottica Group SpA Sponsored ADR.................. 13,059 774,007 #* Maire Tecnimont SpA................................ 226,472 498,509 MARR SpA........................................... 51,226 895,211 * Mediaset SpA....................................... 1,215,902 5,521,500 Mediobanca SpA..................................... 1,103,984 9,562,943 Mediolanum SpA..................................... 248,332 1,765,900 Nice SpA........................................... 16,046 52,094 Parmalat SpA....................................... 915,848 2,593,418 #* Piaggio & C SpA.................................... 278,291 847,118 #* Pininfarina SpA.................................... 3,163 13,313 Pirelli & C. SpA................................... 248,022 3,516,670 379 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ ITALY -- (Continued) #* Prelios SpA........................................ 159,284 $ 53,598 * Prima Industrie SpA................................ 17,258 291,956 Prysmian SpA....................................... 359,127 6,643,327 #* RCS MediaGroup SpA................................. 106,352 130,091 Recordati SpA...................................... 162,458 2,684,895 * Reno de Medici SpA................................. 220,924 75,326 Reply SpA.......................................... 7,568 585,492 #* Retelit SpA........................................ 296,755 186,460 Sabaf SpA.......................................... 4,922 66,040 SAES Getters SpA................................... 4,958 37,203 * Safilo Group SpA................................... 79,756 1,137,276 #* Saipem SpA......................................... 301,390 2,711,501 * Salini Impregilo SpA............................... 218,055 795,244 Salvatore Ferragamo SpA............................ 49,734 1,439,730 #* Saras SpA.......................................... 609,072 681,984 # SAVE SpA........................................... 27,403 411,601 Servizi Italia SpA................................. 3,824 18,093 #* Snai SpA........................................... 53,214 83,979 Snam SpA........................................... 737,643 3,609,175 Societa Cattolica di Assicurazioni S.c.r.l......... 239,995 1,850,975 Societa Iniziative Autostradali e Servizi SpA...... 188,933 1,888,969 * Societa Partecipazioni Finanziarie SpA............. 271,551 -- #* Sogefi SpA......................................... 79,982 230,877 SOL SpA............................................ 45,101 356,807 * Sorin SpA.......................................... 562,704 1,305,878 * Telecom Italia Media SpA........................... 5,706 6,566 #* Telecom Italia SpA................................. 14,971,909 17,396,853 * Telecom Italia SpA Sponsored ADR................... 333,445 3,834,618 Tenaris SA(2167367)................................ 48,507 1,369,838 Tenaris SA(7538515)................................ 62,835 886,688 Terna Rete Elettrica Nazionale SpA................. 1,485,469 6,512,784 #* Tiscali SpA........................................ 2,735,137 166,654 # Tod's SpA.......................................... 13,180 1,354,308 # Trevi Finanziaria Industriale SpA.................. 265,911 804,582 * Uni Land SpA....................................... 58,555 -- UniCredit SpA...................................... 1,916,729 11,299,610 Unione di Banche Italiane SCPA..................... 1,592,932 10,956,668 Unipol Gruppo Finanziario SpA...................... 446,583 2,252,222 UnipolSai SpA...................................... 1,528,823 4,237,885 Vianini Lavori SpA................................. 30,957 184,808 Vittoria Assicurazioni SpA......................... 75,182 786,191 #* World Duty Free SpA................................ 177,979 1,960,563 * Yoox SpA........................................... 68,693 1,486,338 Zignago Vetro SpA.................................. 41,504 253,980 ------------ TOTAL ITALY............................................ 296,890,599 ------------ JAPAN -- (19.8%) 77 Bank, Ltd. (The)................................ 685,000 3,788,360 * A&A Material Corp.................................. 42,000 38,667 A&D Co., Ltd....................................... 44,100 184,054 ABC-Mart, Inc...................................... 24,100 1,202,181 Accordia Golf Co., Ltd............................. 257,300 2,619,989 Achilles Corp...................................... 407,000 522,574 380 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Adastria Holdings Co., Ltd......................... 49,250 $ 1,297,210 ADEKA Corp......................................... 200,300 2,457,113 Aderans Co., Ltd................................... 46,100 409,245 Advan Co., Ltd..................................... 21,700 242,841 Advanex, Inc....................................... 68,000 105,594 # Advantest Corp..................................... 108,100 1,371,463 Advantest Corp. ADR................................ 15,767 199,768 # Aeon Co., Ltd...................................... 1,611,269 17,018,431 Aeon Delight Co., Ltd.............................. 42,200 945,118 Aeon Fantasy Co., Ltd.............................. 25,600 343,095 Aeon Hokkaido Corp................................. 6,900 41,104 Aeon Mall Co., Ltd................................. 13,420 222,471 * AGORA Hospitality Group Co., Ltd................... 41,000 16,339 Agro-Kanesho Co., Ltd.............................. 5,100 46,643 Ahresty Corp....................................... 63,100 343,137 Ai Holdings Corp................................... 58,500 1,018,590 Aica Kogyo Co., Ltd................................ 83,300 1,854,155 Aichi Bank, Ltd. (The)............................. 19,600 961,750 Aichi Corp......................................... 81,800 398,872 Aichi Steel Corp................................... 317,000 1,314,168 # Aichi Tokei Denki Co., Ltd......................... 70,000 193,466 # Aida Engineering, Ltd.............................. 104,200 1,030,169 * Aigan Co., Ltd..................................... 3,200 6,796 Ain Pharmaciez, Inc................................ 60,400 1,946,620 Aiphone Co., Ltd................................... 14,300 224,336 Air Water, Inc..................................... 276,000 4,748,927 Airport Facilities Co., Ltd........................ 51,900 305,782 Aisan Industry Co., Ltd............................ 94,100 820,404 Aisin Seiki Co., Ltd............................... 303,100 10,588,984 Aizawa Securities Co., Ltd......................... 33,400 167,111 Ajinomoto Co., Inc................................. 431,000 8,881,830 # Akebono Brake Industry Co., Ltd.................... 241,900 854,079 Akita Bank, Ltd. (The)............................. 407,000 1,128,582 Alconix Corp....................................... 20,400 315,095 Alfresa Holdings Corp.............................. 230,000 2,726,841 # Alinco, Inc........................................ 26,400 272,162 Allied Telesis Holdings K.K........................ 125,800 100,232 # Alpen Co., Ltd..................................... 48,100 706,552 Alpha Corp......................................... 3,500 35,442 Alpha Systems, Inc................................. 8,520 113,179 Alpine Electronics, Inc............................ 132,500 2,049,160 Alps Electric Co., Ltd............................. 281,800 5,866,400 Alps Logistics Co., Ltd............................ 10,900 125,727 Altech Corp........................................ 14,000 173,700 Amada Co., Ltd..................................... 600,100 5,469,330 Amano Corp......................................... 134,400 1,428,506 Amiyaki Tei Co., Ltd............................... 11,900 395,942 ANA Holdings, Inc.................................. 458,000 1,264,860 Anest Iwata Corp................................... 66,500 441,133 # Anritsu Corp....................................... 334,900 2,195,806 AOI Electronic Co., Ltd............................ 2,700 121,616 AOI Pro, Inc....................................... 5,500 36,417 AOKI Holdings, Inc................................. 112,400 1,304,275 381 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Aomori Bank, Ltd. (The)............................ 373,000 $ 1,102,288 Aoyama Trading Co., Ltd............................ 114,600 3,851,631 # Aozora Bank, Ltd................................... 775,000 2,820,363 Arakawa Chemical Industries, Ltd................... 33,000 335,063 Arata Corp......................................... 4,000 11,006 Araya Industrial Co., Ltd.......................... 68,000 105,736 Arcland Sakamoto Co., Ltd.......................... 43,900 818,864 Arcs Co., Ltd...................................... 74,673 1,538,542 Argo Graphics, Inc................................. 500 7,782 Ariake Japan Co., Ltd.............................. 25,200 684,589 Arisawa Manufacturing Co., Ltd..................... 99,000 753,912 #* Arrk Corp.......................................... 99,300 118,329 # Artnature, Inc..................................... 29,500 308,448 As One Corp........................................ 29,590 791,671 Asahi Broadcasting Corp............................ 4,900 39,160 # Asahi Co., Ltd..................................... 54,700 535,230 Asahi Diamond Industrial Co., Ltd.................. 117,400 1,196,950 Asahi Glass Co., Ltd............................... 1,152,000 6,128,621 Asahi Group Holdings, Ltd.......................... 120,400 3,949,938 Asahi Holdings, Inc................................ 71,100 1,055,154 Asahi Intecc Co., Ltd.............................. 23,900 1,266,678 Asahi Kasei Corp................................... 1,435,000 14,172,144 Asahi Kogyosha Co., Ltd............................ 31,000 106,437 Asahi Organic Chemicals Industry Co., Ltd.......... 151,000 372,744 #* Asanuma Corp....................................... 138,000 175,775 Asatsu-DK, Inc..................................... 78,800 1,971,215 Asax Co., Ltd...................................... 2,200 28,457 #* Ashimori Industry Co., Ltd......................... 148,000 199,923 #* Asia Growth Capital, Ltd........................... 136,600 225,507 Asics Corp......................................... 60,000 1,472,361 ASKA Pharmaceutical Co., Ltd....................... 46,100 492,411 # ASKUL Corp......................................... 22,900 356,070 Astellas Pharma, Inc............................... 217,300 3,356,276 Asunaro Aoki Construction Co., Ltd................. 42,800 289,641 # Atom Corp.......................................... 36,200 271,521 Autobacs Seven Co., Ltd............................ 132,900 1,945,735 # Avex Group Holdings, Inc........................... 124,700 2,102,860 Awa Bank, Ltd. (The)............................... 359,000 1,934,788 Axell Corp......................................... 17,800 251,393 Axial Retailing, Inc............................... 15,800 363,600 Azbil Corp......................................... 115,200 2,862,361 Bandai Namco Holdings, Inc......................... 120,000 2,429,663 Bando Chemical Industries, Ltd..................... 146,000 531,439 # Bank of Iwate, Ltd. (The).......................... 30,100 1,223,347 Bank of Kochi, Ltd. (The).......................... 12,000 15,643 Bank of Kyoto, Ltd. (The).......................... 604,000 5,063,747 Bank of Nagoya, Ltd. (The)......................... 332,000 1,195,382 # Bank of Okinawa, Ltd. (The)........................ 32,650 1,306,450 Bank of Saga, Ltd. (The)........................... 240,000 547,875 Bank of the Ryukyus, Ltd........................... 102,300 1,415,250 Bank of Yokohama, Ltd. (The)....................... 925,000 4,991,173 Belc Co., Ltd...................................... 24,938 691,907 Belluna Co., Ltd................................... 98,300 420,852 382 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Benefit One, Inc................................... 11,600 $ 123,025 Benesse Holdings, Inc.............................. 69,200 2,069,332 Best Denki Co., Ltd................................ 81,600 102,193 # Bic Camera, Inc.................................... 226,600 2,568,372 # Bit-isle, Inc...................................... 73,400 314,624 BML, Inc........................................... 32,400 866,842 Bookoff Corp....................................... 32,200 234,922 # BP Castrol K.K..................................... 7,200 66,932 Bridgestone Corp................................... 225,800 9,024,623 Broadleaf Co., Ltd................................. 6,900 106,497 # BRONCO BILLY Co., Ltd.............................. 5,000 164,915 Brother Industries, Ltd............................ 246,400 4,219,798 Bunka Shutter Co., Ltd............................. 138,000 1,115,025 C Uyemura & Co., Ltd............................... 3,300 167,273 Calbee, Inc........................................ 52,200 2,038,406 Calsonic Kansei Corp............................... 486,000 2,761,515 # Can Do Co., Ltd.................................... 13,500 176,017 Canon Electronics, Inc............................. 47,000 831,271 Canon Marketing Japan, Inc......................... 104,400 1,897,059 Canon, Inc......................................... 290,334 9,184,841 # Canon, Inc. Sponsored ADR.......................... 57,877 1,823,704 Capcom Co., Ltd.................................... 118,500 1,985,326 Career Design Center Co., Ltd...................... 5,500 42,789 Carlit Holdings Co., Ltd........................... 22,000 134,033 # Casio Computer Co., Ltd............................ 235,300 3,683,577 Cawachi, Ltd....................................... 41,100 655,129 Central Glass Co., Ltd............................. 511,000 2,145,921 Central Japan Railway Co........................... 29,100 4,990,174 Central Sports Co., Ltd............................ 1,800 30,580 Century Tokyo Leasing Corp......................... 127,430 3,012,827 Chiba Bank, Ltd. (The)............................. 736,000 4,960,030 Chiba Kogyo Bank, Ltd. (The)....................... 124,300 847,319 CHIMNEY Co., Ltd................................... 5,200 98,383 Chino Corp......................................... 13,300 132,435 Chiyoda Co., Ltd................................... 49,000 1,042,490 Chiyoda Integre Co., Ltd........................... 36,100 675,971 Chodai Co., Ltd.................................... 4,000 23,548 Chori Co., Ltd..................................... 25,300 409,742 * Chubu Electric Power Co., Inc...................... 260,000 3,433,037 Chubu Shiryo Co., Ltd.............................. 29,700 165,973 Chuetsu Pulp & Paper Co., Ltd...................... 148,000 371,963 * Chugai Mining Co., Ltd............................. 259,700 61,806 Chugai Pharmaceutical Co., Ltd..................... 20,800 621,835 Chugai Ro Co., Ltd................................. 116,000 269,951 Chugoku Bank, Ltd. (The)........................... 287,200 4,085,358 Chugoku Electric Power Co., Inc. (The)............. 117,600 1,625,874 Chugoku Marine Paints, Ltd......................... 136,000 1,197,122 Chukyo Bank, Ltd. (The)............................ 198,000 347,838 Chuo Gyorui Co., Ltd............................... 38,000 90,537 Chuo Spring Co., Ltd............................... 60,000 167,916 Citizen Holdings Co., Ltd.......................... 521,150 4,159,882 CKD Corp........................................... 132,500 1,262,123 #* Clarion Co., Ltd................................... 488,000 1,439,601 383 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Cleanup Corp....................................... 55,700 $ 412,186 # CMIC Holdings Co., Ltd............................. 37,600 641,925 * CMK Corp........................................... 101,500 287,001 # Coca-Cola East Japan Co., Ltd...................... 134,467 2,238,871 Coca-Cola West Co., Ltd............................ 152,102 2,175,555 Cocokara fine, Inc................................. 39,020 966,843 # COLOPL, Inc........................................ 40,500 925,579 # Colowide Co., Ltd.................................. 79,000 1,332,542 Computer Engineering & Consulting, Ltd............. 28,300 241,838 COMSYS Holdings Corp............................... 206,900 2,814,722 CONEXIO Corp....................................... 30,400 273,483 #* COOKPAD, Inc....................................... 25,900 1,036,622 Corona Corp........................................ 21,700 215,177 Cosel Co., Ltd..................................... 27,300 293,429 # Cosmo Oil Co., Ltd................................. 1,291,000 1,740,633 * Cosmos Initia Co., Ltd............................. 17,500 80,622 Cosmos Pharmaceutical Corp......................... 8,900 1,434,088 Create Medic Co., Ltd.............................. 3,500 29,802 CREATE SD HOLDINGS Co., Ltd........................ 12,600 428,106 # Credit Saison Co., Ltd............................. 152,300 2,565,706 Cresco, Ltd........................................ 34,200 480,123 # CROOZ, Inc......................................... 11,000 189,228 # Cross Plus, Inc.................................... 2,000 13,512 # CTI Engineering Co., Ltd........................... 24,600 304,134 Cybernet Systems Co., Ltd.......................... 4,600 18,011 Cybozu, Inc........................................ 13,000 39,255 # DA Consortium, Inc................................. 82,600 350,778 Dai Nippon Printing Co., Ltd....................... 457,000 4,109,983 Dai Nippon Toryo Co., Ltd.......................... 319,000 411,986 Dai-Dan Co., Ltd................................... 42,000 238,448 Dai-ichi Life Insurance Co., Ltd. (The)............ 453,500 6,075,816 # Dai-ichi Seiko Co., Ltd............................ 14,700 268,317 Daibiru Corp....................................... 120,700 1,061,980 Daicel Corp........................................ 569,000 7,074,453 Daido Kogyo Co., Ltd............................... 84,000 178,019 Daido Metal Co., Ltd............................... 105,000 985,513 Daido Steel Co., Ltd............................... 658,000 2,577,314 Daidoh, Ltd........................................ 37,700 163,804 Daifuku Co., Ltd................................... 173,300 1,985,321 Daihatsu Diesel Manufacturing Co., Ltd............. 24,000 192,632 # Daihatsu Motor Co., Ltd............................ 350,100 4,881,960 Daihen Corp........................................ 231,000 1,114,297 # Daiho Corp......................................... 108,000 465,765 Daiichi Jitsugyo Co., Ltd.......................... 85,000 439,001 Daiichi Kigenso Kagaku-Kogyo Co., Ltd.............. 5,700 227,413 Daiichi Sankyo Co., Ltd............................ 303,000 4,395,729 Daiichikosho Co., Ltd.............................. 59,300 1,717,306 Daiken Corp........................................ 111,000 251,504 # Daiken Medical Co., Ltd............................ 30,600 309,733 Daiki Aluminium Industry Co., Ltd.................. 80,000 211,774 Daikin Industries, Ltd............................. 53,700 3,736,766 Daikoku Denki Co., Ltd............................. 20,900 334,751 Daikokutenbussan Co., Ltd.......................... 17,000 658,892 384 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Daikyo, Inc........................................ 804,392 $1,188,762 Dainichi Co., Ltd.................................. 12,700 82,767 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 154,000 838,475 # Daio Paper Corp.................................... 276,000 2,383,690 Daisan Bank, Ltd. (The)............................ 255,000 422,822 # Daiseki Co., Ltd................................... 60,725 1,029,654 Daishi Bank, Ltd. (The)............................ 734,000 2,442,205 # Daishinku Corp..................................... 103,000 299,746 Daiso Co., Ltd..................................... 149,000 555,311 * Daisue Construction Co., Ltd....................... 13,100 91,057 # Daisyo Corp........................................ 23,700 298,867 Daito Bank, Ltd. (The)............................. 271,000 325,680 Daito Electron Co., Ltd............................ 1,000 5,047 Daito Pharmaceutical Co., Ltd...................... 24,600 521,984 Daito Trust Construction Co., Ltd.................. 38,800 4,319,014 Daiwa House Industry Co., Ltd...................... 292,300 5,382,871 Daiwa Industries, Ltd.............................. 29,000 176,228 Daiwa Odakyu Construction Co....................... 4,500 26,868 Daiwa Securities Group, Inc........................ 1,237,000 8,987,750 Daiwabo Holdings Co., Ltd.......................... 583,000 972,214 DC Co., Ltd........................................ 35,900 142,203 DCM Holdings Co., Ltd.............................. 243,180 1,622,480 # Dena Co., Ltd...................................... 303,400 3,989,624 Denki Kagaku Kogyo K.K............................. 1,539,000 6,063,837 Denso Corp......................................... 115,600 5,113,947 Dentsu, Inc........................................ 85,000 3,490,991 Denyo Co., Ltd..................................... 24,000 396,353 Descente, Ltd...................................... 77,000 872,794 DIC Corp........................................... 2,249,000 5,568,083 Disco Corp......................................... 22,300 2,042,980 DKS Co., Ltd....................................... 82,000 260,402 # DMG Mori Seiki Co., Ltd............................ 156,600 2,031,234 DMW Corp........................................... 900 14,008 Don Quijote Holdings Co., Ltd...................... 23,900 1,740,100 Doshisha Co., Ltd.................................. 46,700 728,941 Doutor Nichires Holdings Co., Ltd.................. 68,923 979,607 Dowa Holdings Co., Ltd............................. 447,500 3,573,145 # Dr Ci:Labo Co., Ltd................................ 23,600 810,799 Dream Incubator, Inc............................... 6,200 113,863 DSB Co, Ltd........................................ 23,500 154,257 DTS Corp........................................... 44,800 940,391 Dunlop Sports Co., Ltd............................. 22,300 247,044 Duskin Co., Ltd.................................... 55,100 869,649 Dynic Corp......................................... 14,000 21,062 Eagle Industry Co., Ltd............................ 73,000 1,359,610 # Earth Chemical Co., Ltd............................ 12,600 420,858 East Japan Railway Co.............................. 67,400 5,205,848 Ebara Corp......................................... 932,000 3,584,852 # Ebara Jitsugyo Co., Ltd............................ 15,200 182,987 # EDION Corp......................................... 229,500 1,701,995 # Ehime Bank, Ltd. (The)............................. 279,000 593,164 Eidai Co., Ltd..................................... 28,000 107,589 Eighteenth Bank, Ltd. (The)........................ 345,000 997,224 385 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Eiken Chemical Co., Ltd............................ 37,000 $ 574,807 Eisai Co., Ltd..................................... 41,400 2,064,134 Eizo Corp.......................................... 46,800 1,016,791 Elecom Co., Ltd.................................... 25,400 578,329 Electric Power Development Co., Ltd................ 44,500 1,621,096 Elematec Corp...................................... 13,903 305,458 EM Systems Co., Ltd................................ 6,800 96,391 # Emori Group Holdings Co., Ltd...................... 21,300 188,515 en-japan, Inc...................................... 16,600 241,186 # Endo Lighting Corp................................. 26,800 301,153 # Enplas Corp........................................ 29,300 1,045,565 * Enshu, Ltd......................................... 100,000 95,275 EPS Holdings, Inc.................................. 41,500 514,336 ESPEC Corp......................................... 37,900 343,124 Excel Co., Ltd..................................... 16,400 179,905 Exedy Corp......................................... 91,000 2,001,197 Ezaki Glico Co., Ltd............................... 54,100 2,215,902 F-Tech, Inc........................................ 20,200 199,396 # F@N Communications, Inc............................ 46,700 525,588 Faith, Inc......................................... 9,480 99,747 FALCO HOLDINGS Co., Ltd............................ 8,600 94,921 FamilyMart Co., Ltd................................ 39,500 1,710,894 Fancl Corp......................................... 83,200 1,331,605 FANUC Corp......................................... 21,600 3,627,489 Fast Retailing Co., Ltd............................ 12,000 4,451,710 # FCC Co., Ltd....................................... 94,800 1,802,332 #* FDK Corp........................................... 200,000 252,131 * Feed One Holdings Co., Ltd......................... 241,520 225,549 Felissimo Corp..................................... 1,200 10,164 Ferrotec Corp...................................... 94,600 475,941 # FIDEA Holdings Co., Ltd............................ 211,500 376,559 # Fields Corp........................................ 41,300 524,934 Financial Products Group Co., Ltd.................. 37,900 534,876 FINDEX, Inc........................................ 6,100 359,372 * First Baking Co., Ltd.............................. 12,000 13,345 # First Juken Co., Ltd............................... 2,300 24,346 Foster Electric Co., Ltd........................... 62,500 1,174,091 # FP Corp............................................ 62,200 2,170,843 France Bed Holdings Co., Ltd....................... 241,000 367,730 Freund Corp........................................ 5,000 51,770 Fudo Tetra Corp.................................... 258,600 527,790 # Fuji Co. Ltd/Ehime................................. 34,200 620,898 # Fuji Corp., Ltd.................................... 70,700 401,893 Fuji Electric Co., Ltd............................. 1,167,000 4,990,328 # Fuji Electronics Co., Ltd.......................... 16,500 200,134 Fuji Furukawa Engineering & Construction Co., Ltd.............................................. 10,000 25,936 Fuji Heavy Industries, Ltd......................... 356,900 12,872,417 Fuji Kiko Co., Ltd................................. 55,000 250,610 Fuji Kosan Co., Ltd................................ 11,000 55,899 # Fuji Kyuko Co., Ltd................................ 77,000 808,710 Fuji Media Holdings, Inc........................... 91,300 1,147,679 Fuji Oil Co. Ltd/Osaka............................. 149,200 1,916,934 Fuji Oil Co., Ltd.................................. 131,000 390,582 386 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Fuji Pharma Co., Ltd............................... 14,700 $ 255,906 Fuji Seal International, Inc....................... 51,800 1,655,140 Fuji Soft, Inc..................................... 49,800 996,570 Fujibo Holdings, Inc............................... 319,000 840,737 Fujicco Co., Ltd................................... 38,600 689,081 FUJIFILM Holdings Corp............................. 241,275 8,154,537 Fujikura Kasei Co., Ltd............................ 51,200 248,731 # Fujikura Rubber, Ltd............................... 38,700 261,932 Fujikura, Ltd...................................... 829,000 3,444,178 Fujimi, Inc........................................ 43,500 675,547 Fujimori Kogyo Co., Ltd............................ 33,700 952,143 #* Fujisash Co., Ltd.................................. 200,600 263,457 Fujishoji Co., Ltd................................. 3,700 46,438 Fujita Kanko, Inc.................................. 37,000 146,479 # Fujitec Co., Ltd................................... 161,700 1,657,074 Fujitsu Frontech, Ltd.............................. 37,300 426,993 Fujitsu General, Ltd............................... 150,000 1,471,318 Fujitsu, Ltd....................................... 1,254,292 6,628,280 * Fujiya Co., Ltd.................................... 116,000 190,139 FuKoKu Co., Ltd.................................... 8,400 91,581 Fukuda Corp........................................ 45,000 357,466 Fukui Bank, Ltd. (The)............................. 404,000 901,296 Fukuoka Financial Group, Inc....................... 626,600 3,127,215 Fukushima Bank, Ltd. (The)......................... 512,000 376,933 Fukushima Industries Corp.......................... 32,600 489,160 # Fukuyama Transporting Co., Ltd..................... 246,000 1,375,518 Fumakilla, Ltd..................................... 15,000 45,408 # Funai Soken Holdings, Inc.......................... 35,800 289,371 # Furukawa Battery Co, Ltd. (The).................... 72,000 589,860 Furukawa Co., Ltd.................................. 559,000 917,474 # Furukawa Electric Co., Ltd......................... 2,046,067 3,403,605 # Furuno Electric Co., Ltd........................... 54,400 559,814 Furusato Industries, Ltd........................... 17,400 234,301 # Furuya Metal Co., Ltd.............................. 1,400 33,907 Fuso Chemical Co., Ltd............................. 3,000 31,278 Fuso Pharmaceutical Industries, Ltd................ 108,000 277,275 Futaba Industrial Co., Ltd......................... 163,900 818,541 Future Architect, Inc.............................. 27,600 150,900 Fuyo General Lease Co., Ltd........................ 23,800 766,140 G-7 Holdings, Inc.................................. 6,500 55,305 G-Tekt Corp........................................ 43,900 418,260 Gakken Holdings Co., Ltd........................... 103,000 216,757 GCA Savvian Corp................................... 19,200 193,277 Gecoss Corp........................................ 40,100 534,327 # Genki Sushi Co., Ltd............................... 5,900 142,627 Genky Stores, Inc.................................. 5,000 404,327 # Geo Holdings Corp.................................. 105,100 1,028,349 # GLOBERIDE, Inc..................................... 291,000 471,404 Glory, Ltd......................................... 114,800 3,008,506 GMO internet, Inc.................................. 119,600 987,498 # GMO Payment Gateway, Inc........................... 26,900 466,445 Godo Steel, Ltd.................................... 381,000 613,122 Goldcrest Co., Ltd................................. 50,930 793,728 387 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Goldwin, Inc....................................... 66,000 $ 370,690 # Gourmet Kineya Co., Ltd............................ 28,000 223,657 # Gree, Inc.......................................... 226,800 1,291,970 # GS Yuasa Corp...................................... 654,000 2,951,432 # GSI Creos Corp..................................... 147,000 164,052 Gulliver International Co., Ltd.................... 111,600 885,731 # Gun-Ei Chemical Industry Co., Ltd.................. 124,000 357,965 #* GungHo Online Entertainment, Inc................... 213,100 731,466 Gunma Bank, Ltd. (The)............................. 695,000 4,569,642 Gunze, Ltd......................................... 455,000 1,178,593 Gurunavi, Inc...................................... 55,300 882,439 # H-One Co., Ltd..................................... 20,800 116,598 H2O Retailing Corp................................. 191,660 3,385,331 Hachijuni Bank, Ltd. (The)......................... 661,000 4,355,974 Hagihara Industries, Inc........................... 7,500 124,094 Hagoromo Foods Corp................................ 3,000 28,246 Hakudo Co., Ltd.................................... 5,600 53,980 Hakuhodo DY Holdings, Inc.......................... 319,500 3,175,674 Hakuto Co., Ltd.................................... 35,000 361,893 Hamakyorex Co., Ltd................................ 19,800 699,991 Hamamatsu Photonics K.K............................ 43,300 2,040,139 Hankyu Hanshin Holdings, Inc....................... 1,363,000 7,576,145 Hanwa Co., Ltd..................................... 494,000 1,845,423 Happinet Corp...................................... 30,600 340,972 Hard Off Corp. Co., Ltd............................ 16,700 160,286 Harima Chemicals Group, Inc........................ 22,000 89,173 Harmonic Drive Systems, Inc........................ 26,400 418,347 Haruyama Trading Co., Ltd.......................... 6,500 39,766 Haseko Corp........................................ 358,600 2,913,642 Hazama Ando Corp................................... 395,780 2,592,168 Heiwa Corp......................................... 113,700 2,287,034 Heiwa Real Estate Co., Ltd......................... 122,700 1,746,092 Heiwado Co., Ltd................................... 81,200 1,721,553 HI-LEX Corp........................................ 16,100 461,257 Hibiya Engineering, Ltd............................ 18,300 241,327 Hiday Hidaka Corp.................................. 18,664 587,056 Higashi Nihon House Co., Ltd....................... 129,900 567,301 Higashi-Nippon Bank, Ltd. (The).................... 294,000 827,236 # Higo Bank, Ltd. (The).............................. 314,000 1,702,694 Hikari Tsushin, Inc................................ 22,100 1,269,902 # Himaraya Co., Ltd.................................. 6,000 50,958 # Hino Motors, Ltd................................... 136,500 1,932,628 Hioki EE Corp...................................... 5,800 87,247 Hiramatsu, Inc..................................... 46,800 255,265 Hiroshima Bank, Ltd. (The)......................... 960,000 4,775,216 HIS Co., Ltd....................................... 45,700 1,567,028 Hisaka Works, Ltd.................................. 11,000 90,073 Hisamitsu Pharmaceutical Co., Inc.................. 40,000 1,360,984 Hitachi Capital Corp............................... 146,400 2,878,331 Hitachi Chemical Co., Ltd.......................... 172,500 3,470,382 Hitachi Construction Machinery Co., Ltd............ 179,400 3,316,671 Hitachi High-Technologies Corp..................... 93,900 2,916,994 Hitachi Koki Co., Ltd.............................. 130,100 937,007 388 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Hitachi Kokusai Electric, Inc...................... 163,000 $ 2,215,465 Hitachi Metals Techno, Ltd......................... 3,500 35,494 Hitachi Metals, Ltd................................ 159,730 2,602,844 Hitachi Transport System, Ltd...................... 111,000 1,452,151 Hitachi Zosen Corp................................. 403,800 2,212,464 Hitachi, Ltd....................................... 2,743,000 20,715,384 Hitachi, Ltd. ADR.................................. 87,223 6,574,870 # Hochiki Corp....................................... 48,000 363,434 Hodogaya Chemical Co., Ltd......................... 108,000 175,357 # Hogy Medical Co., Ltd.............................. 25,800 1,341,218 #* Hokkaido Electric Power Co., Inc................... 176,600 1,426,507 # Hokkaido Gas Co., Ltd.............................. 75,000 183,537 Hokkan Holdings, Ltd............................... 70,000 177,990 Hokko Chemical Industry Co., Ltd................... 27,000 93,935 Hokkoku Bank, Ltd. (The)........................... 614,000 1,958,969 Hokuetsu Bank, Ltd. (The).......................... 399,000 726,051 Hokuetsu Industries Co., Ltd....................... 53,000 480,147 Hokuetsu Kishu Paper Co., Ltd...................... 340,595 1,604,131 Hokuhoku Financial Group, Inc...................... 2,231,000 4,597,329 # Hokuriku Electric Industry Co., Ltd................ 199,000 295,769 Hokuriku Electric Power Co......................... 164,800 2,328,976 Hokuriku Electrical Construction Co., Ltd.......... 9,000 61,440 Hokuto Corp........................................ 44,200 813,523 Honda Motor Co., Ltd............................... 996,500 30,069,139 # Honda Motor Co., Ltd. Sponsored ADR................ 406,561 12,286,273 Honeys Co., Ltd.................................... 48,430 431,847 # Hoosiers Holdings Co., Ltd......................... 82,900 347,313 Horiba, Ltd........................................ 76,900 2,504,737 Hoshizaki Electric Co., Ltd........................ 29,300 1,485,460 Hosokawa Micron Corp............................... 65,000 400,997 # House Foods Group, Inc............................. 131,100 2,622,838 Howa Machinery, Ltd................................ 23,300 146,692 Hoya Corp.......................................... 118,100 4,576,679 Hurxley Corp....................................... 2,200 18,383 Hyakugo Bank, Ltd. (The)........................... 563,000 2,383,779 Hyakujushi Bank, Ltd. (The)........................ 481,000 1,614,651 I-Net Corp/Kanagawa................................ 8,800 67,185 Ibiden Co., Ltd.................................... 290,000 4,359,671 IBJ Leasing Co., Ltd............................... 18,700 352,240 Ichibanya Co., Ltd................................. 11,800 489,246 # Ichiken Co., Ltd................................... 65,000 177,293 # Ichikoh Industries, Ltd............................ 128,000 263,411 ICHINEN HOLDINGS Co., Ltd.......................... 43,572 404,312 Ichiyoshi Securities Co., Ltd...................... 85,900 869,084 Idec Corp.......................................... 52,900 466,671 Idemitsu Kosan Co., Ltd............................ 207,200 3,458,560 # Ihara Chemical Industry Co., Ltd................... 57,500 645,366 IHI Corp........................................... 938,000 4,887,045 Iida Group Holdings Co., Ltd....................... 172,996 2,151,658 Iino Kaiun Kaisha, Ltd............................. 234,800 1,370,383 * IJT Technology Holdings Co., Ltd................... 22,760 99,371 # Ikegami Tsushinki Co., Ltd......................... 106,000 157,725 Ikyu Corp.......................................... 15,300 199,574 389 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) # Imasen Electric Industrial......................... 42,300 $ 545,851 Imperial Hotel, Ltd................................ 15,100 330,528 Inaba Denki Sangyo Co., Ltd........................ 51,000 1,722,288 Inaba Seisakusho Co., Ltd.......................... 1,800 20,397 Inabata & Co., Ltd................................. 114,000 1,038,919 Inageya Co., Ltd................................... 25,700 284,603 Ines Corp.......................................... 71,500 533,962 Infocom Corp....................................... 33,000 251,718 Information Services International-Dentsu, Ltd..... 32,600 318,542 Innotech Corp...................................... 34,700 144,104 Intage Holdings, Inc............................... 9,700 137,311 # Internet Initiative Japan, Inc..................... 82,700 1,734,752 # Inui Global Logistics Co., Ltd..................... 14,300 118,918 # Iriso Electronics Co., Ltd......................... 14,500 842,859 Ise Chemical Corp.................................. 18,000 116,994 # Iseki & Co., Ltd................................... 582,000 1,110,335 Isetan Mitsukoshi Holdings, Ltd.................... 247,940 3,515,611 * Ishihara Sangyo Kaisha, Ltd........................ 1,003,000 870,649 Ishii Iron Works Co., Ltd.......................... 29,000 54,775 # Ishizuka Glass Co., Ltd............................ 12,000 23,359 Isuzu Motors, Ltd.................................. 378,200 5,034,789 IT Holdings Corp................................... 226,000 3,753,954 Itfor, Inc......................................... 21,800 84,368 # Ito En, Ltd........................................ 54,200 1,041,189 ITOCHU Corp........................................ 937,900 9,496,663 Itochu Enex Co., Ltd............................... 135,300 1,054,707 Itochu Techno-Solutions Corp....................... 40,600 1,448,900 Itochu-Shokuhin Co., Ltd........................... 10,400 354,695 Itoham Foods, Inc.................................. 308,000 1,758,468 Itoki Corp......................................... 101,900 503,127 Iwai Cosmo Holdings, Inc........................... 57,700 656,434 Iwaki & Co., Ltd................................... 32,000 60,200 Iwasaki Electric Co., Ltd.......................... 153,000 301,628 # Iwatani Corp....................................... 511,000 3,298,958 Iwatsu Electric Co., Ltd........................... 123,000 100,960 Iyo Bank, Ltd. (The)............................... 434,157 5,009,797 Izumi Co., Ltd..................................... 57,500 2,062,219 #* Izutsuya Co., Ltd.................................. 204,000 110,486 J Front Retailing Co., Ltd......................... 477,900 6,089,988 # J-Oil Mills, Inc................................... 273,000 976,336 # Jalux, Inc......................................... 2,900 53,443 Jamco Corp......................................... 14,900 404,452 #* Janome Sewing Machine Co., Ltd..................... 633,000 731,735 Japan Airport Terminal Co., Ltd.................... 60,100 2,708,090 * Japan Asia Investment Co., Ltd..................... 37,000 22,427 Japan Aviation Electronics Industry, Ltd........... 132,000 2,983,327 #* Japan Communications, Inc.......................... 178,100 762,240 Japan Digital Laboratory Co., Ltd.................. 21,100 291,823 # Japan Drilling Co., Ltd............................ 16,400 586,955 Japan Exchange Group, Inc.......................... 137,500 3,199,687 # Japan Medical Dynamic Marketing, Inc............... 17,900 87,261 Japan Oil Transportation Co., Ltd.................. 2,000 3,924 Japan Pulp & Paper Co., Ltd........................ 144,000 405,754 390 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) * Japan Radio Co., Ltd............................... 125,000 $ 398,229 # Japan Steel Works, Ltd. (The)...................... 678,000 2,712,130 Japan Tobacco, Inc................................. 249,900 6,806,440 Japan Transcity Corp............................... 74,000 237,323 Japan Vilene Co., Ltd.............................. 79,000 401,758 Japan Wool Textile Co., Ltd. (The)................. 112,000 746,796 JBCC Holdings, Inc................................. 28,900 186,508 JCU Corp........................................... 7,400 341,497 Jeol, Ltd.......................................... 223,000 1,079,710 JFE Holdings, Inc.................................. 293,208 6,458,597 JGC Corp........................................... 167,000 3,396,425 Jimoto Holdings, Inc............................... 6,000 11,244 # Jin Co., Ltd....................................... 21,000 639,830 JK Holdings Co., Ltd............................... 10,900 51,389 JMS Co., Ltd....................................... 40,000 97,933 # Joban Kosan Co., Ltd............................... 65,000 87,035 Joshin Denki Co., Ltd.............................. 63,000 530,342 Jowa Holdings Co., Ltd............................. 28,600 884,538 Joyo Bank, Ltd. (The).............................. 562,000 2,824,727 # JP-Holdings, Inc................................... 105,700 325,202 # JSP Corp........................................... 41,200 823,349 JSR Corp........................................... 155,200 2,735,523 JTEKT Corp......................................... 308,300 5,084,529 # Juki Corp.......................................... 224,000 732,175 Juroku Bank, Ltd. (The)............................ 529,000 1,745,575 * Justsystems Corp................................... 43,500 268,295 * JVC Kenwood Corp................................... 392,570 930,561 JX Holdings, Inc................................... 2,559,470 9,445,036 K&O Energy Group, Inc.............................. 21,000 269,786 # K's Holdings Corp.................................. 96,920 2,846,527 # kabu.com Securities Co., Ltd....................... 230,800 1,248,774 Kabuki-Za Co., Ltd................................. 1,000 42,876 * Kadokawa Dwango Corp............................... 76,753 1,136,219 Kaga Electronics Co., Ltd.......................... 48,200 612,385 # Kagome Co., Ltd.................................... 56,200 890,005 Kagoshima Bank, Ltd. (The)......................... 389,000 2,434,100 Kajima Corp........................................ 521,000 2,061,348 # Kakaku.com, Inc.................................... 131,900 1,865,885 Kaken Pharmaceutical Co., Ltd...................... 114,000 2,425,766 Kakiyasu Honten Co., Ltd........................... 200 3,319 Kameda Seika Co., Ltd.............................. 26,200 883,509 Kamei Corp......................................... 44,500 294,092 Kamigumi Co., Ltd.................................. 430,000 4,297,007 Kanaden Corp....................................... 27,000 182,138 # Kanagawa Chuo Kotsu Co., Ltd....................... 24,000 120,395 Kanamoto Co., Ltd.................................. 73,900 1,922,676 Kandenko Co., Ltd.................................. 280,000 1,655,283 Kaneka Corp........................................ 661,000 4,034,473 Kanematsu Corp..................................... 1,171,000 1,667,974 Kanematsu Electronics, Ltd......................... 10,900 164,032 * Kansai Electric Power Co., Inc. (The).............. 282,000 2,726,626 Kansai Paint Co., Ltd.............................. 163,000 2,848,961 Kansai Super Market, Ltd........................... 1,500 10,252 391 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Kansai Urban Banking Corp.......................... 63,500 $ 639,169 * Kanto Denka Kogyo Co., Ltd......................... 154,000 730,222 # Kao Corp........................................... 101,600 4,454,960 Kasai Kogyo Co., Ltd............................... 76,500 650,798 # Kasumi Co., Ltd.................................... 89,800 753,201 Katakura Chikkarin Co., Ltd........................ 20,000 46,682 # Katakura Industries Co., Ltd....................... 57,600 597,343 Kato Sangyo Co., Ltd............................... 51,700 947,898 Kato Works Co., Ltd................................ 118,128 923,623 # KAWADA TECHNOLOGIES, Inc........................... 6,800 241,753 # Kawai Musical Instruments Manufacturing Co., Ltd... 17,800 351,520 Kawakin Holdings Co., Ltd.......................... 10,000 24,121 # Kawasaki Heavy Industries, Ltd..................... 1,083,000 5,188,786 # Kawasaki Kasei Chemicals, Ltd...................... 23,000 31,471 Kawasaki Kinkai Kisen Kaisha, Ltd.................. 28,000 100,604 Kawasaki Kisen Kaisha, Ltd......................... 2,078,000 5,948,203 Kawasumi Laboratories, Inc......................... 24,200 154,938 KDDI Corp.......................................... 207,900 14,675,433 # Keihan Electric Railway Co., Ltd................... 773,000 4,692,991 Keihanshin Building Co., Ltd....................... 69,200 411,435 Keihin Co., Ltd.................................... 87,000 139,644 Keihin Corp........................................ 126,800 2,021,113 # Keikyu Corp........................................ 195,000 1,520,901 Keio Corp.......................................... 236,000 1,921,739 Keisei Electric Railway Co., Ltd................... 228,000 2,937,102 Keiyo Bank, Ltd. (The)............................. 373,000 2,035,008 # Keiyo Co., Ltd..................................... 65,800 312,465 # Kenko Mayonnaise Co., Ltd.......................... 11,400 162,312 Kewpie Corp........................................ 144,600 3,357,346 KEY Coffee, Inc.................................... 36,400 524,759 Keyence Corp....................................... 4,905 2,292,776 KFC Holdings Japan, Ltd............................ 5,000 92,992 * KI Holdings Co., Ltd............................... 20,000 84,136 # Kikkoman Corp...................................... 101,050 2,980,478 # Kimoto Co., Ltd.................................... 100,700 254,994 Kimura Chemical Plants Co., Ltd.................... 7,700 32,955 Kinden Corp........................................ 67,000 793,631 King Jim Co., Ltd.................................. 3,500 22,027 Kintetsu Corp...................................... 731,000 2,577,065 #* Kintetsu Department Store Co., Ltd................. 38,000 108,391 Kintetsu World Express, Inc........................ 30,500 1,298,753 Kinugawa Rubber Industrial Co., Ltd................ 153,000 685,627 Kirin Holdings Co., Ltd............................ 648,880 8,736,658 * Kirindo Holdings Co., Ltd.......................... 2,700 18,758 Kita-Nippon Bank, Ltd. (The)....................... 11,300 297,210 Kitagawa Iron Works Co., Ltd....................... 229,000 457,679 Kitamura Co., Ltd.................................. 900 5,774 Kitano Construction Corp........................... 89,000 267,239 # Kito Corp.......................................... 47,500 455,116 # Kitz Corp.......................................... 236,000 1,120,636 Kiyo Bank, Ltd. (The).............................. 103,200 1,287,473 #* KLab, Inc.......................................... 16,400 169,695 * KNT-CT Holdings Co., Ltd........................... 299,000 407,586 392 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Koa Corp........................................... 90,400 $ 827,757 Koatsu Gas Kogyo Co., Ltd.......................... 38,000 193,716 Kobayashi Pharmaceutical Co., Ltd.................. 20,100 1,344,279 # Kobe Bussan Co., Ltd............................... 3,600 148,737 Kobe Steel, Ltd.................................... 7,213,000 12,650,221 # Kobelco Eco-Solutions Co., Ltd..................... 26,000 146,581 Kogi Corp.......................................... 13,000 23,471 # Kohnan Shoji Co., Ltd.............................. 82,400 931,508 Kohsoku Corp....................................... 9,300 70,491 Koike Sanso Kogyo Co., Ltd......................... 40,000 142,753 Koito Manufacturing Co., Ltd....................... 152,000 4,942,336 Kojima Co., Ltd.................................... 85,600 228,842 Kokusai Co., Ltd................................... 7,400 118,771 Kokuyo Co., Ltd.................................... 201,064 1,532,434 # KOMAIHALTEC, Inc................................... 114,000 270,301 Komatsu Seiren Co., Ltd............................ 44,000 199,096 Komatsu, Ltd....................................... 346,900 6,802,512 Komeri Co., Ltd.................................... 87,900 1,885,296 Konaka Co., Ltd.................................... 61,380 320,565 # Konami Corp........................................ 160,662 2,997,715 # Konami Corp. ADR................................... 19,770 372,665 Kondotec, Inc...................................... 26,400 184,587 Konica Minolta, Inc................................ 684,500 7,532,518 Konishi Co., Ltd................................... 45,400 778,127 Kosaido Co., Ltd................................... 600 2,436 # Kose Corp.......................................... 50,000 2,238,583 # Kosei Securities Co., Ltd. (The)................... 115,000 213,290 Koshidaka Holdings Co., Ltd........................ 10,200 185,434 # Kotobuki Spirits Co., Ltd.......................... 8,000 184,518 Krosaki Harima Corp................................ 136,000 279,660 KRS Corp........................................... 13,900 169,810 # KU Holdings Co., Ltd............................... 15,600 84,234 Kubota Corp........................................ 86,000 1,276,703 Kubota Corp. Sponsored ADR......................... 43,682 3,239,676 #* Kumagai Gumi Co., Ltd.............................. 402,000 1,272,223 Kumiai Chemical Industry Co., Ltd.................. 77,000 599,226 Kura Corp.......................................... 30,500 918,902 Kurabo Industries, Ltd............................. 446,000 747,941 Kuraray Co., Ltd................................... 287,400 3,608,847 # Kuraudia Co., Ltd.................................. 1,200 13,771 # Kureha Corp........................................ 406,000 1,691,376 Kurimoto, Ltd...................................... 299,000 560,923 Kurita Water Industries, Ltd....................... 159,700 3,402,164 # Kuroda Electric Co., Ltd........................... 87,300 1,250,766 Kusuri No Aoki Co., Ltd............................ 11,700 777,265 KYB Co., Ltd....................................... 549,000 2,178,522 Kyocera Corp....................................... 48,030 2,114,024 Kyocera Corp. Sponsored ADR........................ 56,300 2,461,436 Kyodo Printing Co., Ltd............................ 194,000 650,215 Kyoei Sangyo Co., Ltd.............................. 21,000 35,172 # Kyoei Steel, Ltd................................... 47,800 888,120 Kyokuto Boeki Kaisha, Ltd.......................... 16,000 29,920 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 58,800 664,721 393 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Kyokuto Securities Co., Ltd........................ 62,100 $ 894,439 # Kyokuyo Co., Ltd................................... 218,000 512,628 KYORIN Holdings, Inc............................... 102,500 2,072,429 # Kyoritsu Maintenance Co., Ltd...................... 30,740 1,717,089 Kyoritsu Printing Co., Ltd......................... 42,700 105,683 Kyosan Electric Manufacturing Co., Ltd............. 113,000 359,633 Kyoto Kimono Yuzen Co., Ltd........................ 14,300 121,807 Kyowa Electronics Instruments Co., Ltd............. 22,700 87,784 Kyowa Exeo Corp.................................... 186,700 1,970,366 Kyowa Hakko Kirin Co., Ltd......................... 229,000 2,607,739 Kyudenko Corp...................................... 103,000 1,383,317 * Kyushu Electric Power Co., Inc..................... 164,700 1,589,381 LAC Co., Ltd....................................... 8,800 65,498 # Land Business Co., Ltd............................. 17,200 59,265 * Laox Co., Ltd...................................... 89,000 198,656 Lasertec Corp...................................... 31,000 383,442 Lawson, Inc........................................ 34,600 2,262,195 LEC, Inc........................................... 7,400 82,244 * Leopalace21 Corp................................... 550,700 3,563,197 Life Corp.......................................... 28,000 400,604 Link And Motivation, Inc........................... 51,100 70,817 Lintec Corp........................................ 110,600 2,433,780 # Lion Corp.......................................... 348,000 1,890,480 #* Livesense, Inc..................................... 25,500 155,266 LIXIL Group Corp................................... 254,819 4,964,907 * Lonseal Corp....................................... 23,000 28,139 Look, Inc.......................................... 89,000 167,336 M3, Inc............................................ 56,300 1,132,515 # Macnica, Inc....................................... 28,900 851,769 Maeda Corp......................................... 217,000 1,662,602 # Maeda Kosen Co., Ltd............................... 24,200 232,264 Maeda Road Construction Co., Ltd................... 148,000 2,335,533 Maezawa Kasei Industries Co., Ltd.................. 10,000 110,252 Maezawa Kyuso Industries Co., Ltd.................. 15,400 190,780 Makino Milling Machine Co., Ltd.................... 303,000 2,603,534 Makita Corp........................................ 57,000 2,528,323 Makita Corp. Sponsored ADR......................... 12,396 583,852 # Mamiya-Op Co., Ltd................................. 148,000 277,157 Mandom Corp........................................ 31,800 1,073,727 Mani, Inc.......................................... 5,500 322,665 Mars Engineering Corp.............................. 28,300 500,657 Marubeni Corp...................................... 1,232,659 6,803,951 Marubun Corp....................................... 35,200 236,064 Marudai Food Co., Ltd.............................. 234,000 838,078 #* Maruei Department Store Co., Ltd................... 27,000 31,936 Marufuji Sheet Piling Co., Ltd..................... 16,000 49,290 Maruha Nichiro Corp................................ 62,582 931,290 Marui Group Co., Ltd............................... 443,800 4,613,119 # Maruka Machinery Co., Ltd.......................... 8,100 115,500 Marusan Securities Co., Ltd........................ 133,900 925,698 Maruwa Co., Ltd.................................... 18,200 491,619 Maruyama Manufacturing Co., Inc.................... 106,000 206,947 * Maruzen CHI Holdings Co., Ltd...................... 6,400 19,331 394 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Maruzen Showa Unyu Co., Ltd........................ 116,000 $ 390,677 # Marvelous, Inc..................................... 57,700 865,185 Matsuda Sangyo Co., Ltd............................ 28,362 321,898 Matsui Construction Co., Ltd....................... 27,000 157,649 Matsui Securities Co., Ltd......................... 82,900 701,146 Matsumotokiyoshi Holdings Co., Ltd................. 84,700 2,791,324 # Matsuya Foods Co., Ltd............................. 17,100 358,868 Max Co., Ltd....................................... 62,000 673,905 Maxvalu Tokai Co., Ltd............................. 10,100 154,382 # Mazda Motor Corp................................... 369,000 7,579,426 # McDonald's Holdings Co. Japan, Ltd................. 42,200 925,620 MEC Co., Ltd....................................... 30,100 232,352 Medical System Network Co., Ltd.................... 11,900 37,466 Medipal Holdings Corp.............................. 263,600 3,075,498 Megachips Corp..................................... 43,700 525,018 Megmilk Snow Brand Co., Ltd........................ 117,200 1,611,233 Meidensha Corp..................................... 581,000 1,733,026 MEIJI Holdings Co., Ltd............................ 62,610 6,879,375 Meiji Shipping Co., Ltd............................ 9,800 35,461 # Meiko Electronics Co., Ltd......................... 54,300 170,991 Meiko Network Japan Co., Ltd....................... 34,700 359,039 Meisei Industrial Co., Ltd......................... 93,000 551,093 Meitec Corp........................................ 33,200 968,831 Meito Sangyo Co., Ltd.............................. 12,900 128,234 Meito Transportation Co., Ltd...................... 1,300 8,072 Meiwa Corp......................................... 58,300 227,648 # Meiwa Estate Co., Ltd.............................. 26,500 110,019 # Melco Holdings, Inc................................ 37,600 593,474 Mesco, Inc......................................... 6,000 41,968 # Message Co., Ltd................................... 22,600 603,375 # Michinoku Bank, Ltd. (The)......................... 189,091 354,498 # Micronics Japan Co., Ltd........................... 24,300 657,055 Mie Bank, Ltd. (The)............................... 172,000 381,182 Mikuni Corp........................................ 9,000 33,677 Milbon Co., Ltd.................................... 16,536 467,743 Mimasu Semiconductor Industry Co., Ltd............. 54,100 612,055 Minato Bank, Ltd. (The)............................ 344,000 662,164 Minebea Co., Ltd................................... 473,000 7,297,518 # Ministop Co., Ltd.................................. 42,000 566,755 Miraca Holdings, Inc............................... 87,900 3,936,758 Miraial Co., Ltd................................... 2,100 27,083 Mirait Holdings Corp............................... 171,130 1,984,014 Miroku Jyoho Service Co., Ltd...................... 40,400 231,693 Misawa Homes Co., Ltd.............................. 83,500 739,771 MISUMI Group, Inc.................................. 67,200 2,510,149 Mitani Corp........................................ 15,500 356,560 Mitani Sekisan Co., Ltd............................ 700 11,923 Mito Securities Co., Ltd........................... 168,000 583,720 Mitsuba Corp....................................... 98,100 1,740,878 Mitsubishi Chemical Holdings Corp.................. 3,205,300 16,612,526 Mitsubishi Corp.................................... 548,500 9,568,692 Mitsubishi Electric Corp........................... 514,000 5,944,785 Mitsubishi Estate Co., Ltd......................... 139,073 2,798,254 395 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) Mitsubishi Gas Chemical Co., Inc................... 598,000 $ 2,703,768 Mitsubishi Heavy Industries, Ltd................... 1,815,000 10,018,061 Mitsubishi Logistics Corp.......................... 192,000 2,855,448 Mitsubishi Materials Corp.......................... 2,087,200 6,581,697 Mitsubishi Motors Corp............................. 407,100 3,441,707 Mitsubishi Nichiyu Forklift Co., Ltd............... 84,100 516,692 * Mitsubishi Paper Mills, Ltd........................ 785,000 577,847 Mitsubishi Pencil Co., Ltd......................... 33,700 995,463 Mitsubishi Research Institute, Inc................. 1,100 26,401 # Mitsubishi Shokuhin Co., Ltd....................... 29,700 659,254 Mitsubishi Steel Manufacturing Co., Ltd............ 403,000 815,839 Mitsubishi Tanabe Pharma Corp...................... 170,600 2,697,022 Mitsubishi UFJ Financial Group, Inc................ 6,277,600 33,360,832 Mitsubishi UFJ Financial Group, Inc. ADR........... 1,800,477 9,542,528 Mitsuboshi Belting Co., Ltd........................ 103,000 841,832 Mitsui & Co., Ltd.................................. 589,400 7,499,967 Mitsui & Co., Ltd. Sponsored ADR................... 15,192 3,858,768 # Mitsui Chemicals, Inc.............................. 1,925,065 5,632,682 Mitsui Engineering & Shipbuilding Co., Ltd......... 2,086,000 3,391,412 # Mitsui Fudosan Co., Ltd............................ 118,000 2,983,228 Mitsui High-Tec, Inc............................... 61,900 416,656 Mitsui Home Co., Ltd............................... 50,000 210,432 Mitsui Matsushima Co., Ltd......................... 423,000 446,975 Mitsui Mining & Smelting Co., Ltd.................. 1,959,000 4,090,732 Mitsui OSK Lines, Ltd.............................. 1,264,000 4,267,211 Mitsui Sugar Co., Ltd.............................. 223,000 756,176 Mitsui-Soko Holdings Co., Ltd...................... 321,000 1,076,168 Mitsumura Printing Co., Ltd........................ 15,000 33,813 Mitsuuroko Group Holdings Co., Ltd................. 27,600 130,790 Miura Co., Ltd..................................... 141,800 1,601,639 # Miyaji Engineering Group, Inc...................... 155,000 238,921 Miyazaki Bank, Ltd. (The).......................... 360,000 1,247,232 Miyoshi Oil & Fat Co., Ltd......................... 119,000 140,109 Mizuho Financial Group, Inc........................ 14,647,660 23,950,650 # Mizuno Corp........................................ 243,605 1,198,010 Mochida Pharmaceutical Co., Ltd.................... 21,699 1,191,539 # Monex Group, Inc................................... 462,700 949,930 # Money Partners Group Co., Ltd...................... 23,100 76,614 Monogatari Corp. (The)............................. 12,800 443,822 # MonotaRO Co., Ltd.................................. 48,500 1,230,310 MORESCO Corp....................................... 19,800 367,426 Morinaga & Co., Ltd................................ 444,000 1,381,404 Morinaga Milk Industry Co., Ltd.................... 595,000 2,572,270 Morita Holdings Corp............................... 74,300 820,032 # Morozoff, Ltd...................................... 48,000 150,548 Mory Industries, Inc............................... 45,000 159,263 Moshi Moshi Hotline, Inc........................... 68,700 758,050 Mr Max Corp........................................ 35,900 88,203 MS&AD Insurance Group Holdings..................... 213,074 5,180,723 # MTI, Ltd........................................... 29,100 366,674 Murata Manufacturing Co., Ltd...................... 39,100 4,221,012 # Musashi Seimitsu Industry Co., Ltd................. 69,200 1,302,961 Musashino Bank, Ltd. (The)......................... 75,000 2,458,332 396 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Mutoh Holdings Co., Ltd............................ 67,000 $ 262,443 # Nabtesco Corp...................................... 101,500 2,620,375 # NAC Co., Ltd....................................... 36,100 326,408 Nachi-Fujikoshi Corp............................... 497,000 2,672,447 Nafco Co., Ltd..................................... 200 2,727 Nagaileben Co., Ltd................................ 17,200 284,397 Nagano Bank, Ltd. (The)............................ 89,000 157,548 Nagano Keiki Co., Ltd.............................. 1,700 9,814 Nagase & Co., Ltd.................................. 206,900 2,572,115 Nagatanien Co., Ltd................................ 10,000 96,497 # Nagoya Railroad Co., Ltd........................... 678,000 2,663,530 #* Naigai Co., Ltd.................................... 132,000 69,185 Nakabayashi Co., Ltd............................... 59,000 108,426 Nakamuraya Co., Ltd................................ 41,000 166,102 # Nakanishi, Inc..................................... 9,800 358,779 Nakano Corp........................................ 1,000 3,294 * Nakayama Steel Works, Ltd.......................... 360,000 246,586 Namura Shipbuilding Co., Ltd....................... 11,648 117,893 Nankai Electric Railway Co., Ltd................... 503,000 2,013,722 Nanto Bank, Ltd. (The)............................. 364,000 1,220,287 Natori Co., Ltd.................................... 7,200 85,862 NDS Co., Ltd....................................... 58,000 147,794 NEC Capital Solutions, Ltd......................... 18,800 282,905 NEC Corp........................................... 4,501,800 12,716,026 NEC Networks & System Integration Corp............. 55,500 1,192,734 # NET One Systems Co., Ltd........................... 186,500 1,114,631 Neturen Co., Ltd................................... 86,700 646,251 #* New Japan Chemical Co., Ltd........................ 57,600 104,581 * New Japan Radio Co., Ltd........................... 43,000 174,733 Nexon Co., Ltd..................................... 125,900 1,239,290 Next Co., Ltd...................................... 40,700 339,610 NGK Insulators, Ltd................................ 156,000 3,143,593 NGK Spark Plug Co., Ltd............................ 145,200 4,304,438 NH Foods, Ltd...................................... 185,000 4,573,591 NHK Spring Co., Ltd................................ 374,100 3,374,315 Nice Holdings, Inc................................. 106,000 170,261 Nichi-iko Pharmaceutical Co., Ltd.................. 107,150 1,929,522 Nichia Steel Works, Ltd............................ 41,000 119,349 # Nichias Corp....................................... 228,000 1,251,814 Nichiban Co., Ltd.................................. 38,000 147,593 Nichicon Corp...................................... 142,600 1,085,388 Nichiden Corp...................................... 6,700 139,319 Nichiha Corp....................................... 54,300 581,221 # Nichii Gakkan Co................................... 112,600 1,174,579 Nichimo Co., Ltd................................... 48,000 81,640 Nichirei Corp...................................... 734,000 3,890,866 Nichireki Co., Ltd................................. 76,000 597,452 # Nidec Corp......................................... 35,878 2,441,411 Nidec Corp. ADR.................................... 19,800 336,798 Nifco, Inc......................................... 119,300 4,109,528 NIFTY Corp......................................... 16,300 182,132 # Nihon Chouzai Co., Ltd............................. 6,480 204,814 # Nihon Dempa Kogyo Co., Ltd......................... 49,500 394,600 397 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Nihon Eslead Corp.................................. 1,200 $ 12,490 Nihon Kagaku Sangyo Co., Ltd....................... 11,000 81,556 Nihon Kohden Corp.................................. 49,800 2,463,353 Nihon M&A Center, Inc.............................. 48,700 1,690,194 Nihon Nohyaku Co., Ltd............................. 118,600 1,394,856 Nihon Parkerizing Co., Ltd......................... 70,400 1,678,390 # Nihon Plast Co., Ltd............................... 2,900 23,606 Nihon Shokuhin Kako Co., Ltd....................... 7,000 22,385 Nihon Tokushu Toryo Co., Ltd....................... 4,500 28,527 # Nihon Trim Co., Ltd................................ 16,300 365,655 Nihon Unisys, Ltd.................................. 147,600 1,290,593 Nihon Yamamura Glass Co., Ltd...................... 156,000 226,008 Nikkiso Co., Ltd................................... 156,100 1,373,727 Nikko Co., Ltd..................................... 33,000 111,969 # Nikon Corp......................................... 321,600 4,080,558 Nippo Corp......................................... 128,000 1,990,332 Nippon Air Conditioning Services Co., Ltd.......... 2,600 19,204 Nippon Beet Sugar Manufacturing Co., Ltd........... 209,000 363,558 # Nippon Carbide Industries Co., Inc................. 197,000 367,190 # Nippon Carbon Co., Ltd............................. 299,000 610,298 * Nippon Chemi-Con Corp.............................. 470,000 1,326,133 #* Nippon Chemical Industrial Co., Ltd................ 249,000 657,318 Nippon Chemiphar Co., Ltd.......................... 62,000 294,620 Nippon Chutetsukan K.K............................. 46,000 91,810 Nippon Coke & Engineering Co., Ltd................. 472,000 439,144 # Nippon Concrete Industries Co., Ltd................ 100,300 477,738 * Nippon Denko Co., Ltd.............................. 326,150 822,058 # Nippon Densetsu Kogyo Co., Ltd..................... 77,600 1,113,460 Nippon Electric Glass Co., Ltd..................... 813,000 4,195,919 Nippon Express Co., Ltd............................ 833,000 4,859,559 Nippon Felt Co., Ltd............................... 15,100 70,521 Nippon Filcon Co., Ltd............................. 16,300 65,614 Nippon Fine Chemical Co., Ltd...................... 23,700 169,748 # Nippon Flour Mills Co., Ltd........................ 366,000 1,735,868 Nippon Gas Co., Ltd................................ 53,000 1,303,014 Nippon Hume Corp................................... 44,200 325,892 Nippon Jogesuido Sekkei Co., Ltd................... 8,200 133,645 Nippon Kanzai Co., Ltd............................. 8,000 173,999 Nippon Kasei Chemical Co., Ltd..................... 26,000 31,176 Nippon Kayaku Co., Ltd............................. 283,000 3,947,843 #* Nippon Kinzoku Co., Ltd............................ 131,000 159,007 Nippon Koei Co., Ltd............................... 186,000 747,619 Nippon Konpo Unyu Soko Co., Ltd.................... 143,700 2,239,193 #* Nippon Koshuha Steel Co., Ltd...................... 218,000 200,430 Nippon Light Metal Holdings Co., Ltd............... 1,440,600 2,153,736 Nippon Paint Holdings Co., Ltd..................... 98,000 3,069,873 # Nippon Paper Industries Co., Ltd................... 240,402 3,790,917 # Nippon Parking Development Co., Ltd................ 308,200 329,947 Nippon Pillar Packing Co., Ltd..................... 42,400 315,807 Nippon Piston Ring Co., Ltd........................ 228,000 458,718 Nippon Rietec Co., Ltd............................. 3,000 25,405 Nippon Road Co., Ltd. (The)........................ 186,000 888,063 Nippon Seiki Co., Ltd.............................. 61,000 1,379,505 398 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Nippon Seisen Co., Ltd............................. 57,000 $ 323,746 # Nippon Sharyo, Ltd................................. 138,000 414,887 * Nippon Sheet Glass Co., Ltd........................ 2,243,000 2,059,308 Nippon Shinyaku Co., Ltd........................... 81,000 2,675,774 Nippon Shokubai Co., Ltd........................... 228,000 3,062,609 Nippon Signal Co., Ltd. (The)...................... 107,900 1,173,501 Nippon Soda Co., Ltd............................... 280,000 1,592,440 # Nippon Steel & Sumikin Bussan Corp................. 479,000 1,749,997 Nippon Steel & Sumikin Texeng Co., Ltd............. 101,000 437,740 Nippon Steel & Sumitomo Metal Corp................. 6,465,540 15,111,861 * Nippon Suisan Kaisha, Ltd.......................... 838,900 2,898,747 Nippon Synthetic Chemical Industry Co., Ltd. (The)............................................ 155,000 953,156 Nippon Telegraph & Telephone Corp.................. 40,700 2,408,900 Nippon Telegraph & Telephone Corp. ADR............. 69,600 2,055,984 Nippon Thompson Co., Ltd........................... 204,000 988,460 Nippon Tungsten Co., Ltd........................... 31,000 47,757 Nippon Valqua Industries, Ltd...................... 149,000 393,115 #* Nippon Yakin Kogyo Co., Ltd........................ 277,600 554,068 Nippon Yusen K.K................................... 1,955,904 5,815,117 # Nipro Corp......................................... 390,600 3,421,050 Nishi-Nippon City Bank, Ltd. (The)................. 1,324,000 4,299,501 Nishi-Nippon Railroad Co., Ltd..................... 452,000 1,956,801 Nishimatsu Construction Co., Ltd................... 391,000 1,570,717 # Nishimatsuya Chain Co., Ltd........................ 91,100 725,659 Nishio Rent All Co., Ltd........................... 45,600 1,396,829 Nissan Chemical Industries, Ltd.................... 193,600 3,564,410 Nissan Motor Co., Ltd.............................. 2,259,900 19,270,658 Nissan Shatai Co., Ltd............................. 132,500 1,456,124 Nissan Tokyo Sales Holdings Co., Ltd............... 36,000 80,583 Nissei ASB Machine Co., Ltd........................ 22,000 517,462 # Nissei Build Kogyo Co., Ltd........................ 158,000 375,170 Nissei Plastic Industrial Co., Ltd................. 25,600 301,382 # Nissha Printing Co., Ltd........................... 74,800 1,199,017 Nisshin Fudosan Co................................. 56,200 231,422 Nisshin Oillio Group, Ltd. (The)................... 303,000 1,102,045 # Nisshin Seifun Group, Inc.......................... 426,245 5,242,275 Nisshin Steel Co., Ltd............................. 221,874 2,296,693 Nisshinbo Holdings, Inc............................ 210,000 2,359,810 Nissin Corp........................................ 100,000 249,058 # Nissin Electric Co., Ltd........................... 110,000 653,116 Nissin Foods Holdings Co., Ltd..................... 15,175 818,990 Nissin Kogyo Co., Ltd.............................. 112,200 1,717,627 Nissin Sugar Co., Ltd.............................. 4,900 102,876 Nissui Pharmaceutical Co., Ltd..................... 19,300 207,459 Nitori Holdings Co., Ltd........................... 32,500 1,837,533 Nitta Corp......................................... 37,900 910,434 Nitta Gelatin, Inc................................. 8,300 49,874 Nittan Valve Co., Ltd.............................. 27,500 76,689 Nittetsu Mining Co., Ltd........................... 172,000 607,972 Nitto Boseki Co., Ltd.............................. 285,000 996,743 Nitto Denko Corp................................... 130,800 7,808,556 Nitto FC Co., Ltd.................................. 3,400 19,891 Nitto Kogyo Corp................................... 69,300 1,336,255 399 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Nitto Kohki Co., Ltd............................... 24,400 $ 454,311 Nitto Seiko Co., Ltd............................... 39,000 124,744 Nittoc Construction Co., Ltd....................... 102,949 493,133 Nittoku Engineering Co., Ltd....................... 41,600 453,857 NOF Corp........................................... 323,000 2,068,556 Nohmi Bosai, Ltd................................... 47,700 596,632 Nojima Corp........................................ 1,600 18,665 NOK Corp........................................... 146,600 4,217,003 # Nomura Co., Ltd.................................... 66,100 623,473 Nomura Holdings, Inc............................... 1,813,000 9,639,084 Nomura Holdings, Inc. ADR.......................... 391,817 2,072,712 Nomura Real Estate Holdings, Inc................... 238,000 4,004,772 Nomura Research Institute, Ltd..................... 43,500 1,476,993 Noritake Co., Ltd.................................. 269,000 674,996 Noritz Corp........................................ 76,900 1,210,704 North Pacific Bank, Ltd............................ 730,800 2,722,411 NS Solutions Corp.................................. 36,600 888,566 # NS United Kaiun Kaisha, Ltd........................ 329,000 1,071,824 NSD Co., Ltd....................................... 62,400 963,538 NSK, Ltd........................................... 349,000 4,089,786 NTN Corp........................................... 1,462,000 6,256,947 NTT Data Corp...................................... 74,500 2,833,820 NTT DOCOMO, Inc.................................... 1,166,300 19,688,665 NTT DOCOMO, Inc. Sponsored ADR..................... 43,500 734,280 NTT Urban Development Corp......................... 104,700 1,004,512 # Nuflare Technology, Inc............................ 11,700 426,268 # Obara Group, Inc................................... 21,700 1,083,026 Obayashi Corp...................................... 549,000 3,475,295 Obayashi Road Corp................................. 86,000 502,653 OBIC Business Consultants, Ltd..................... 4,600 138,384 Obic Co., Ltd...................................... 64,700 2,170,346 Odakyu Electric Railway Co., Ltd................... 265,000 2,577,982 # Odelic Co., Ltd.................................... 9,600 235,084 Oenon Holdings, Inc................................ 112,000 206,418 Ogaki Kyoritsu Bank, Ltd. (The).................... 670,000 2,056,905 Ohara, Inc......................................... 15,100 72,332 Ohashi Technica, Inc............................... 11,200 148,389 # Ohsho Food Service Corp............................ 24,100 968,076 OIE Sangyo Co., Ltd................................ 1,200 8,605 Oiles Corp......................................... 54,201 1,000,243 Oita Bank, Ltd. (The).............................. 356,000 1,247,913 Oji Holdings Corp.................................. 1,590,000 5,993,446 Okabe Co., Ltd..................................... 86,900 749,353 Okamoto Industries, Inc............................ 124,000 454,579 * Okamoto Machine Tool Works, Ltd.................... 56,000 64,236 Okamura Corp....................................... 135,800 994,778 Okaya Electric Industries Co., Ltd................. 6,700 24,766 Oki Electric Industry Co., Ltd..................... 1,276,000 2,606,338 Okinawa Cellular Telephone Co...................... 3,200 92,348 Okinawa Electric Power Co., Inc. (The)............. 38,580 1,336,487 # OKK Corp........................................... 250,000 347,804 # OKUMA Corp......................................... 334,000 2,842,018 # Okumura Corp....................................... 404,000 1,843,518 400 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Okura Industrial Co., Ltd.......................... 76,000 $ 224,440 Okuwa Co., Ltd..................................... 30,000 244,605 Olympic Group Corp................................. 18,200 129,862 * Olympus Corp....................................... 99,800 3,451,487 Omron Corp......................................... 80,400 3,214,283 ONO Sokki Co., Ltd................................. 13,500 103,973 # Onoken Co., Ltd.................................... 43,400 355,108 # Onward Holdings Co., Ltd........................... 370,000 2,386,077 # OPT, Inc........................................... 41,900 227,897 Optex Co., Ltd..................................... 21,900 355,973 Oracle Corp. Japan................................. 19,300 802,397 Organo Corp........................................ 105,000 423,598 Oriental Land Co., Ltd............................. 11,400 2,762,115 # Origin Electric Co., Ltd........................... 74,000 313,240 Osaka Gas Co., Ltd................................. 762,000 3,003,526 Osaka Organic Chemical Industry, Ltd............... 16,800 70,712 Osaka Steel Co., Ltd............................... 32,100 606,770 # OSAKA Titanium Technologies Co., Ltd............... 34,100 714,493 # Osaki Electric Co., Ltd............................ 92,000 625,348 OSG Corp........................................... 157,100 2,892,490 Otsuka Corp........................................ 34,300 1,184,305 Otsuka Holdings Co., Ltd........................... 185,400 5,736,102 Outsourcing, Inc................................... 12,200 188,572 # Pacific Industrial Co., Ltd........................ 113,900 924,401 #* Pacific Metals Co., Ltd............................ 380,000 1,023,689 Pack Corp. (The)................................... 27,900 548,435 Pal Co., Ltd....................................... 37,500 974,060 Paltac Corp........................................ 85,458 1,075,678 PanaHome Corp...................................... 200,000 1,201,631 Panasonic Corp..................................... 796,200 9,044,732 Panasonic Corp. Sponsored ADR...................... 199,153 2,260,387 Panasonic Industrial Devices SUNX Co., Ltd......... 39,400 277,800 # Paramount Bed Holdings Co., Ltd.................... 41,200 1,139,552 Parco Co., Ltd..................................... 66,800 568,900 Paris Miki Holdings, Inc........................... 44,400 180,131 Park24 Co., Ltd.................................... 107,300 1,835,962 # Pasco Corp......................................... 55,000 157,013 # Pasona Group, Inc.................................. 66,500 377,030 # Penta-Ocean Construction Co., Ltd.................. 533,600 2,033,781 PIA Corp........................................... 1,500 27,892 Pigeon Corp........................................ 31,700 1,979,296 Pilot Corp......................................... 24,700 1,463,964 Piolax, Inc........................................ 21,900 1,052,030 #* Pioneer Corp....................................... 969,400 1,822,990 Plenus Co., Ltd.................................... 50,600 870,157 # Pola Orbis Holdings, Inc........................... 32,000 1,362,701 # Press Kogyo Co., Ltd............................... 280,000 943,281 Pressance Corp..................................... 21,300 680,602 # Prestige International, Inc........................ 31,000 265,328 Prima Meat Packers, Ltd............................ 558,000 1,450,886 Pronexus, Inc...................................... 30,900 196,073 Proto Corp......................................... 16,400 256,909 # PS Mitsubishi Construction Co., Ltd................ 47,900 198,002 401 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Qol Co., Ltd....................................... 21,200 $ 151,202 Raito Kogyo Co., Ltd............................... 129,500 1,283,018 #* Rakuten, Inc....................................... 180,700 2,501,660 #* Rasa Industries, Ltd............................... 248,000 275,823 * Raysum Co., Ltd.................................... 100 914 Relo Holdings, Inc................................. 18,000 1,341,395 Renaissance, Inc................................... 10,800 106,336 * Renesas Electronics Corp........................... 13,500 97,651 Rengo Co., Ltd..................................... 653,710 2,746,602 * Renown, Inc........................................ 86,300 81,935 Resona Holdings, Inc............................... 1,774,200 8,802,178 Resorttrust, Inc................................... 121,700 2,914,711 Rheon Automatic Machinery Co., Ltd................. 27,000 112,176 Rhythm Watch Co., Ltd.............................. 102,000 140,884 Riberesute Corp.................................... 8,100 47,806 Ricoh Co., Ltd..................................... 1,285,019 12,535,840 Ricoh Leasing Co., Ltd............................. 29,600 774,662 Right On Co., Ltd.................................. 27,600 174,033 Riken Corp......................................... 225,000 881,149 Riken Keiki Co., Ltd............................... 9,000 93,611 Riken Technos Corp................................. 89,900 330,908 # Riken Vitamin Co., Ltd............................. 12,600 477,778 Ringer Hut Co., Ltd................................ 16,100 316,261 Rinnai Corp........................................ 15,500 1,037,515 # Rion Co., Ltd...................................... 16,700 193,497 Riso Kagaku Corp................................... 73,758 1,282,340 #* Riso Kyoiku Co., Ltd............................... 25,550 54,453 # Rock Field Co., Ltd................................ 25,200 449,272 Rohm Co., Ltd...................................... 2,600 167,159 Rohto Pharmaceutical Co., Ltd...................... 154,600 2,076,497 # Rokko Butter Co., Ltd.............................. 8,400 75,776 Roland DG Corp..................................... 19,200 570,989 # Round One Corp..................................... 226,200 1,412,530 Royal Holdings Co., Ltd............................ 52,800 755,045 Ryobi, Ltd......................................... 380,000 1,022,131 Ryoden Trading Co., Ltd............................ 63,000 433,269 Ryohin Keikaku Co., Ltd............................ 15,675 1,736,440 Ryosan Co., Ltd.................................... 76,700 1,628,114 S Foods, Inc....................................... 25,800 462,855 Sac's Bar Holdings, Inc............................ 44,600 642,733 Sagami Chain Co., Ltd.............................. 3,000 30,279 Saibu Gas Co., Ltd................................. 337,000 746,400 # Saizeriya Co., Ltd................................. 69,300 1,121,770 Sakai Chemical Industry Co., Ltd................... 252,000 896,768 Sakai Heavy Industries, Ltd........................ 96,000 251,035 # Sakai Moving Service Co., Ltd...................... 11,100 366,970 # Sakai Ovex Co., Ltd................................ 177,000 267,610 Sakata INX Corp.................................... 78,100 826,251 Sakata Seed Corp................................... 87,900 1,526,626 Sala Corp.......................................... 56,500 285,808 SAMTY Co., Ltd..................................... 2,800 24,848 San Holdings, Inc.................................. 1,800 28,109 San-A Co., Ltd..................................... 36,500 1,218,573 402 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) San-Ai Oil Co., Ltd................................ 147,000 $ 975,467 San-In Godo Bank, Ltd. (The)....................... 370,000 3,019,026 # Sanden Corp........................................ 308,000 1,438,451 Sanei Architecture Planning Co., Ltd............... 5,900 45,075 Sangetsu Co., Ltd.................................. 63,500 1,700,649 #* Sanix, Inc......................................... 54,900 176,363 Sanken Electric Co., Ltd........................... 329,000 2,690,956 Sanki Engineering Co., Ltd......................... 102,300 620,473 # Sanko Marketing Foods Co., Ltd..................... 10,800 83,132 Sanko Metal Industrial Co., Ltd.................... 38,000 83,005 Sankyo Co., Ltd.................................... 45,800 1,646,055 Sankyo Seiko Co., Ltd.............................. 54,900 222,129 Sankyo Tateyama, Inc............................... 71,200 1,094,947 Sankyu, Inc........................................ 763,000 3,052,359 Sanoh Industrial Co., Ltd.......................... 57,400 361,226 # Sanrio Co., Ltd.................................... 55,600 1,377,679 Sanshin Electronics Co., Ltd....................... 69,800 475,972 Santen Pharmaceutical Co., Ltd..................... 19,000 1,185,687 Sanwa Holdings Corp................................ 530,900 3,671,257 # Sanyo Chemical Industries, Ltd..................... 161,000 1,167,256 Sanyo Denki Co., Ltd............................... 94,000 675,237 # Sanyo Electric Railway Co., Ltd.................... 40,000 157,081 Sanyo Housing Nagoya Co., Ltd...................... 12,600 137,149 Sanyo Industries, Ltd.............................. 15,000 26,892 Sanyo Shokai, Ltd.................................. 314,000 739,828 Sanyo Special Steel Co., Ltd....................... 339,000 1,137,707 Sapporo Holdings, Ltd.............................. 1,048,000 4,414,449 Sata Construction Co., Ltd......................... 109,000 127,892 Sato Holdings Corp................................. 51,100 1,182,532 Sato Restaurant Systems Co., Ltd................... 1,500 13,193 Sato Shoji Corp.................................... 19,700 124,374 Satori Electric Co., Ltd........................... 24,800 159,499 # Sawada Holdings Co., Ltd........................... 52,700 381,539 Sawai Pharmaceutical Co., Ltd...................... 46,800 2,832,091 # Saxa Holdings, Inc................................. 86,000 168,217 SBI Holdings, Inc.................................. 401,180 4,286,841 SBS Holdings, Inc.................................. 39,400 313,778 SCREEN Holdings Co., Ltd........................... 235,000 1,395,512 Scroll Corp........................................ 47,000 114,034 SCSK Corp.......................................... 49,659 1,236,565 Secom Co., Ltd..................................... 55,800 3,238,973 Secom Joshinetsu Co., Ltd.......................... 1,500 38,784 Sega Sammy Holdings, Inc........................... 165,312 2,152,726 Seibu Electric Industry Co., Ltd................... 16,000 65,231 Seika Corp......................................... 84,000 207,656 # Seikitokyu Kogyo Co., Ltd.......................... 117,499 554,482 # Seiko Epson Corp................................... 187,600 7,618,983 Seiko Holdings Corp................................ 457,000 2,492,629 Seino Holdings Co., Ltd............................ 287,000 3,122,939 Seiren Co., Ltd.................................... 104,300 850,148 Sekisui Chemical Co., Ltd.......................... 601,000 6,572,988 # Sekisui House, Ltd................................. 574,000 7,422,693 Sekisui Jushi Corp................................. 63,700 846,801 403 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Sekisui Plastics Co., Ltd.......................... 101,000 $ 391,682 # Senko Co., Ltd..................................... 252,000 1,456,672 Senshu Electric Co., Ltd........................... 9,500 126,863 Senshu Ikeda Holdings, Inc......................... 376,260 1,670,762 # Senshukai Co., Ltd................................. 68,500 483,031 # Seria Co., Ltd..................................... 24,300 701,358 Seven & I Holdings Co., Ltd........................ 234,452 8,579,557 Seven Bank, Ltd.................................... 309,600 1,385,696 #* Sharp Corp......................................... 1,192,000 2,333,357 Shibaura Mechatronics Corp......................... 57,000 140,747 Shibusawa Warehouse Co., Ltd. (The)................ 84,000 245,649 # Shibuya Kogyo Co., Ltd............................. 21,500 445,676 Shidax Corp........................................ 17,900 81,938 Shiga Bank, Ltd. (The)............................. 422,000 2,353,935 # Shikibo, Ltd....................................... 344,000 344,690 Shikoku Bank, Ltd. (The)........................... 333,000 695,988 Shikoku Chemicals Corp............................. 74,000 574,778 * Shikoku Electric Power Co., Inc.................... 180,200 2,266,017 Shima Seiki Manufacturing, Ltd..................... 73,800 1,295,302 Shimachu Co., Ltd.................................. 107,400 2,692,026 Shimadzu Corp...................................... 315,000 3,272,800 Shimamura Co., Ltd................................. 43,100 3,833,790 Shimano, Inc....................................... 24,600 3,251,959 Shimizu Bank, Ltd. (The)........................... 11,900 292,703 Shimizu Corp....................................... 370,000 2,552,867 Shimojima Co., Ltd................................. 1,500 13,561 Shin Nippon Air Technologies Co., Ltd.............. 22,400 182,423 Shin-Etsu Chemical Co., Ltd........................ 88,800 5,879,820 Shin-Etsu Polymer Co., Ltd......................... 61,400 274,367 Shin-Keisei Electric Railway Co., Ltd.............. 26,000 88,362 Shinagawa Refractories Co., Ltd.................... 121,000 272,286 Shindengen Electric Manufacturing Co., Ltd......... 234,000 1,255,040 # Shinko Electric Industries Co., Ltd................ 214,200 1,500,359 Shinko Plantech Co., Ltd........................... 93,400 697,846 Shinko Shoji Co., Ltd.............................. 54,600 565,196 Shinko Wire Co., Ltd............................... 47,000 69,680 Shinmaywa Industries, Ltd.......................... 206,000 2,006,657 Shinnihon Corp..................................... 78,500 296,460 # Shinsei Bank, Ltd.................................. 1,650,000 2,990,664 Shinsho Corp....................................... 115,000 258,365 Shinwa Co., Ltd.................................... 5,000 57,307 Shionogi & Co., Ltd................................ 218,100 6,544,582 Ship Healthcare Holdings, Inc...................... 65,200 1,618,087 Shiroki Corp....................................... 93,000 244,143 # Shiseido Co., Ltd.................................. 235,200 3,772,307 Shizuki Electric Co., Inc.......................... 24,000 117,168 Shizuoka Bank, Ltd. (The).......................... 551,000 5,034,881 Shizuoka Gas Co., Ltd.............................. 125,200 799,481 Shobunsha Publications, Inc........................ 15,400 113,090 Shochiku Co., Ltd.................................. 13,000 128,958 Shofu, Inc......................................... 2,200 27,955 Shoko Co., Ltd..................................... 139,000 193,738 Showa Aircraft Industry Co., Ltd................... 10,553 102,374 404 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Showa Corp......................................... 144,700 $ 1,469,982 # Showa Denko K.K.................................... 4,461,000 5,701,498 Showa Sangyo Co., Ltd.............................. 136,000 560,198 # Showa Shell Sekiyu K.K............................. 379,400 3,702,773 # Siix Corp.......................................... 42,500 912,384 # Sinanen Co., Ltd................................... 96,000 375,851 Sinfonia Technology Co., Ltd....................... 234,000 370,815 Sinko Industries, Ltd.............................. 40,300 467,219 Sintokogio, Ltd.................................... 126,000 889,504 SKY Perfect JSAT Holdings, Inc..................... 413,900 2,506,527 SMC Corp........................................... 6,200 1,662,635 SMK Corp........................................... 130,000 540,034 # SMS Co., Ltd....................................... 38,000 342,515 Soda Nikka Co., Ltd................................ 13,000 55,444 # Sodick Co., Ltd.................................... 143,000 1,233,381 Soft99 Corp........................................ 10,600 59,237 Softbank Corp...................................... 217,532 12,802,099 # Softbank Technology Corp........................... 8,700 93,149 * Softbrain Co., Ltd................................. 48,800 78,715 Software Service, Inc.............................. 4,300 145,827 Sogo Medical Co., Ltd.............................. 15,600 751,562 Sohgo Security Services Co., Ltd................... 97,700 2,500,568 # Sojitz Corp........................................ 2,433,700 3,145,811 Sompo Japan Nipponkoa Holdings, Inc................ 285,700 7,927,320 # Sony Corp.......................................... 614,200 14,446,646 Sony Corp. Sponsored ADR........................... 346,089 8,060,413 Sony Financial Holdings, Inc....................... 111,400 1,548,238 Soshin Electric Co., Ltd........................... 4,300 16,004 Sotetsu Holdings, Inc.............................. 376,000 1,719,472 Sotoh Co., Ltd..................................... 700 6,073 Space Co., Ltd..................................... 10,300 100,478 # Sparx Group Co., Ltd............................... 74,800 128,979 SPK Corp........................................... 5,700 99,425 Square Enix Holdings Co., Ltd...................... 78,000 1,712,428 # Srg Takamiya Co., Ltd.............................. 16,600 163,048 ST Corp............................................ 14,600 126,092 St Marc Holdings Co., Ltd.......................... 24,500 1,575,422 Stanley Electric Co., Ltd.......................... 133,500 2,971,315 Star Micronics Co., Ltd............................ 60,400 754,592 Start Today Co., Ltd............................... 59,300 1,198,645 Starts Corp., Inc.................................. 46,200 640,450 Starzen Co., Ltd................................... 116,000 401,338 Stella Chemifa Corp................................ 29,700 326,837 Step Co., Ltd...................................... 5,400 38,214 Studio Alice Co., Ltd.............................. 35,000 548,161 Sugi Holdings Co., Ltd............................. 26,400 1,239,548 Sugimoto & Co., Ltd................................ 10,300 109,127 #* Sumco Corp......................................... 165,760 2,781,919 # Sumida Corp........................................ 61,500 409,284 Suminoe Textile Co., Ltd........................... 140,000 351,840 Sumitomo Bakelite Co., Ltd......................... 510,000 2,110,856 Sumitomo Chemical Co., Ltd......................... 3,171,000 12,475,667 Sumitomo Corp...................................... 580,700 5,730,552 405 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Sumitomo Dainippon Pharma Co., Ltd................. 153,900 $ 1,617,819 Sumitomo Densetsu Co., Ltd......................... 50,500 598,240 Sumitomo Electric Industries, Ltd.................. 879,200 11,329,090 Sumitomo Forestry Co., Ltd......................... 273,000 2,539,168 Sumitomo Heavy Industries, Ltd..................... 886,480 4,797,104 Sumitomo Metal Mining Co., Ltd..................... 392,000 5,602,494 #* Sumitomo Mitsui Construction Co., Ltd.............. 1,241,700 1,738,711 Sumitomo Mitsui Financial Group, Inc............... 802,770 26,938,417 Sumitomo Mitsui Trust Holdings, Inc................ 1,594,730 5,607,909 Sumitomo Osaka Cement Co., Ltd..................... 1,089,000 3,166,649 # Sumitomo Precision Products Co., Ltd............... 93,000 397,472 Sumitomo Real Estate Sales Co., Ltd................ 28,280 668,908 Sumitomo Realty & Development Co., Ltd............. 68,000 2,169,003 Sumitomo Riko Co, Ltd.............................. 114,700 935,066 Sumitomo Rubber Industries, Ltd.................... 322,800 5,019,695 Sumitomo Seika Chemicals Co., Ltd.................. 145,000 1,027,425 Sumitomo Warehouse Co., Ltd. (The)................. 204,000 1,141,834 # Sun Frontier Fudousan Co., Ltd..................... 36,900 286,774 Sun-Wa Technos Corp................................ 13,600 139,248 Suncall Corp....................................... 5,000 28,946 Sundrug Co., Ltd................................... 33,700 1,430,460 Suntory Beverage & Food, Ltd....................... 20,100 704,877 Suruga Bank, Ltd................................... 137,400 2,579,794 Suzuken Co., Ltd................................... 134,300 3,783,559 Suzuki Motor Corp.................................. 267,400 8,455,231 #* SWCC Showa Holdings Co., Ltd....................... 678,000 566,884 Sysmex Corp........................................ 60,200 2,690,168 Systena Corp....................................... 32,800 237,211 T Hasegawa Co., Ltd................................ 28,400 410,224 T RAD Co., Ltd..................................... 176,000 358,761 T&D Holdings, Inc.................................. 686,410 7,730,066 # T&K Toka Co., Ltd.................................. 18,300 346,874 T-Gaia Corp........................................ 41,700 452,990 Tabuchi Electric Co., Ltd.......................... 39,000 346,607 # Tachi-S Co., Ltd................................... 69,400 1,011,037 Tachibana Eletech Co., Ltd......................... 32,100 443,419 Tadano, Ltd........................................ 181,421 2,183,547 Taiheiyo Cement Corp............................... 952,000 2,793,507 # Taiheiyo Kouhatsu, Inc............................. 154,000 126,538 Taiho Kogyo Co., Ltd............................... 46,800 520,392 # Taikisha, Ltd...................................... 54,900 1,306,008 Taiko Bank, Ltd. (The)............................. 27,000 50,752 Taiko Pharmaceutical Co., Ltd...................... 26,000 400,118 Taisei Corp........................................ 546,399 3,169,392 Taisei Lamick Co., Ltd............................. 5,700 137,223 Taiyo Holdings Co., Ltd............................ 23,300 846,978 Taiyo Yuden Co., Ltd............................... 313,700 3,892,676 Takagi Securities Co., Ltd......................... 113,000 229,404 Takamatsu Construction Group Co., Ltd.............. 14,600 301,406 Takano Co., Ltd.................................... 1,100 5,603 # Takaoka Toko Co., Ltd.............................. 17,174 254,355 # Takara Holdings, Inc............................... 206,500 1,317,184 Takara Leben Co., Ltd.............................. 179,100 934,270 406 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Takara Standard Co., Ltd........................... 213,895 $1,627,711 Takasago International Corp........................ 136,000 676,374 Takasago Thermal Engineering Co., Ltd.............. 133,700 1,677,299 Takashima & Co., Ltd............................... 73,000 151,097 Takashimaya Co., Ltd............................... 551,000 4,832,869 # Takata Corp........................................ 76,000 886,407 Take And Give Needs Co., Ltd....................... 29,940 244,110 Takeda Pharmaceutical Co., Ltd..................... 135,600 6,774,487 Takeei Corp........................................ 51,900 400,776 Takeuchi Manufacturing Co., Ltd.................... 29,600 1,085,648 Takihyo Co., Ltd................................... 5,000 17,563 Takiron Co., Ltd................................... 109,000 483,667 # Takisawa Machine Tool Co., Ltd..................... 118,000 211,656 Takuma Co., Ltd.................................... 162,000 1,141,953 # Tama Home Co., Ltd................................. 39,500 178,578 # Tamron Co., Ltd.................................... 40,500 791,057 Tamura Corp........................................ 164,000 551,780 # Tanseisha Co., Ltd................................. 71,100 486,557 * TASAKI & Co., Ltd.................................. 900 14,362 # Tatsuta Electric Wire and Cable Co., Ltd........... 94,400 393,543 Tayca Corp......................................... 74,000 264,044 TBK Co., Ltd....................................... 46,500 241,458 TDK Corp........................................... 89,900 5,602,713 # TDK Corp. Sponsored ADR............................ 46,931 2,996,544 #* Teac Corp.......................................... 26,000 12,746 TECHNO ASSOCIE Co., Ltd............................ 3,000 27,564 # Techno Ryowa, Ltd.................................. 8,870 40,387 Teijin, Ltd........................................ 2,502,750 7,455,303 Teikoku Electric Manufacturing Co., Ltd............ 28,400 295,324 Teikoku Sen-I Co., Ltd............................. 3,200 66,544 Teikoku Tsushin Kogyo Co., Ltd..................... 70,000 133,311 Terumo Corp........................................ 116,700 2,894,037 THK Co., Ltd....................................... 103,300 2,508,692 Tigers Polymer Corp................................ 6,200 41,002 Titan Kogyo K.K.................................... 8,000 15,837 TKC Corp........................................... 18,400 325,811 # Toa Corp.(6894434)................................. 45,700 458,635 Toa Corp.(6894508)................................. 563,000 957,787 # Toa Oil Co., Ltd................................... 198,000 244,209 TOA ROAD Corp...................................... 137,000 502,165 # Toabo Corp......................................... 244,000 157,388 Toagosei Co., Ltd.................................. 494,500 1,976,650 #* Tobishima Corp..................................... 392,900 857,013 Tobu Railway Co., Ltd.............................. 404,000 1,942,864 # Tobu Store Co., Ltd................................ 30,000 71,629 TOC Co., Ltd....................................... 99,200 603,028 Tocalo Co., Ltd.................................... 42,100 708,743 Tochigi Bank, Ltd. (The)........................... 236,000 1,089,809 Toda Corp.......................................... 480,000 1,716,644 #* Toda Kogyo Corp.................................... 117,000 496,638 Toei Animation Co., Ltd............................ 4,100 140,541 Toei Co., Ltd...................................... 170,000 984,589 Toenec Corp........................................ 62,000 308,788 407 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Toho Bank, Ltd. (The).............................. 334,000 $1,172,772 Toho Co., Ltd.(6895200)............................ 43,700 988,803 Toho Co., Ltd.(6895211)............................ 45,000 166,671 Toho Gas Co., Ltd.................................. 408,000 2,216,984 # Toho Holdings Co., Ltd............................. 107,700 1,500,056 #* Toho Titanium Co., Ltd............................. 17,400 122,895 Toho Zinc Co., Ltd................................. 421,000 1,321,519 Tohoku Bank, Ltd. (The)............................ 161,000 212,796 Tohoku Electric Power Co., Inc..................... 177,400 2,234,643 Tohto Suisan Co., Ltd.............................. 67,000 110,118 Tokai Carbon Co., Ltd.............................. 476,000 1,371,502 Tokai Corp/Gifu.................................... 14,900 463,100 TOKAI Holdings Corp................................ 215,200 969,589 Tokai Lease Co., Ltd............................... 40,000 72,295 Tokai Rika Co., Ltd................................ 136,800 2,816,988 Token Corp......................................... 18,070 748,924 Tokio Marine Holdings, Inc......................... 210,412 7,345,944 # Tokio Marine Holdings, Inc. ADR.................... 61,404 2,144,842 # Toko, Inc.......................................... 81,000 215,725 Tokushu Tokai Paper Co., Ltd....................... 155,380 383,190 # Tokuyama Corp...................................... 757,000 1,681,589 Tokyo Dome Corp.................................... 505,000 2,335,768 * Tokyo Electric Power Co., Inc...................... 566,512 2,404,062 Tokyo Electron Device, Ltd......................... 16,200 209,554 Tokyo Electron, Ltd................................ 88,800 6,215,398 Tokyo Energy & Systems, Inc........................ 44,000 314,720 Tokyo Gas Co., Ltd................................. 484,000 2,887,116 Tokyo Individualized Educational Institute, Inc.... 14,400 42,834 # Tokyo Keiki, Inc................................... 151,000 361,097 * Tokyo Kikai Seisakusho, Ltd........................ 127,000 79,602 # Tokyo Rakutenchi Co., Ltd.......................... 38,000 160,936 * Tokyo Rope Manufacturing Co., Ltd.................. 298,000 558,983 Tokyo Sangyo Co., Ltd.............................. 24,500 99,313 Tokyo Seimitsu Co., Ltd............................ 90,500 1,840,392 Tokyo Steel Manufacturing Co., Ltd................. 216,100 1,623,874 Tokyo Tatemono Co., Ltd............................ 637,000 4,300,498 Tokyo Tekko Co., Ltd............................... 122,000 608,711 Tokyo Theatres Co., Inc............................ 207,000 249,267 #* Tokyo TY Financial Group, Inc...................... 62,674 1,794,020 # Tokyu Construction Co., Ltd........................ 113,680 574,308 Tokyu Corp......................................... 454,000 3,004,708 Tokyu Fudosan Holdings Corp........................ 571,194 3,540,303 Tokyu Recreation Co., Ltd.......................... 22,819 130,620 Toli Corp.......................................... 66,000 137,379 Tomato Bank, Ltd................................... 126,000 188,000 Tomen Devices Corp................................. 3,000 46,478 Tomoe Corp......................................... 57,500 209,559 Tomoe Engineering Co., Ltd......................... 10,100 143,944 Tomoegawa Co., Ltd................................. 17,000 28,447 Tomoku Co., Ltd.................................... 99,000 237,151 TOMONY Holdings, Inc............................... 253,900 1,096,161 # Tomy Co., Ltd...................................... 198,000 1,096,798 Tonami Holdings Co., Ltd........................... 88,000 310,306 408 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) TonenGeneral Sekiyu K.K............................ 115,000 $ 1,016,682 Topcon Corp........................................ 70,700 1,400,954 Toppan Forms Co., Ltd.............................. 125,400 1,302,935 Toppan Printing Co., Ltd........................... 454,000 3,032,748 Topre Corp......................................... 103,400 1,422,031 Topy Industries, Ltd............................... 537,000 1,209,410 Toray Industries, Inc.............................. 908,000 7,734,417 # Toridoll.corp...................................... 27,900 404,902 Torigoe Co., Ltd. (The)............................ 11,000 66,591 # Torishima Pump Manufacturing Co., Ltd.............. 49,800 365,959 Tose Co., Ltd...................................... 3,800 23,790 # Tosei Corp......................................... 65,800 401,752 Toshiba Corp....................................... 1,285,000 5,138,179 Toshiba Machine Co., Ltd........................... 240,000 920,344 Toshiba Plant Systems & Services Corp.............. 67,100 1,028,495 Toshiba TEC Corp................................... 362,000 2,233,084 Tosho Co., Ltd..................................... 11,100 279,938 # Tosho Printing Co., Ltd............................ 75,000 204,696 Tosoh Corp......................................... 1,307,000 7,045,851 Totetsu Kogyo Co., Ltd............................. 44,200 1,054,978 TOTO, Ltd.......................................... 221,000 2,439,689 Tottori Bank, Ltd. (The)........................... 69,000 136,563 Toukei Computer Co., Ltd........................... 3,200 45,540 Towa Bank, Ltd. (The).............................. 738,000 605,918 # Towa Corp.......................................... 63,200 385,184 Towa Pharmaceutical Co., Ltd....................... 27,600 1,255,449 # Toyo Construction Co., Ltd......................... 190,000 910,293 # Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd......................................... 87,000 314,402 # Toyo Engineering Corp.............................. 209,000 704,365 # Toyo Ink SC Holdings Co., Ltd...................... 600,000 2,808,534 Toyo Kanetsu K.K................................... 264,000 539,111 Toyo Kohan Co., Ltd................................ 109,000 559,477 Toyo Machinery & Metal Co., Ltd.................... 52,500 202,976 Toyo Securities Co., Ltd........................... 189,000 553,845 Toyo Seikan Group Holdings, Ltd.................... 303,000 3,887,527 Toyo Sugar Refining Co., Ltd....................... 29,000 24,869 Toyo Suisan Kaisha, Ltd............................ 83,800 2,948,168 # Toyo Tanso Co., Ltd................................ 23,000 368,839 Toyo Tire & Rubber Co., Ltd........................ 199,700 4,497,960 Toyo Wharf & Warehouse Co., Ltd.................... 164,000 278,026 Toyobo Co., Ltd.................................... 2,316,000 3,114,874 Toyoda Gosei Co., Ltd.............................. 186,200 4,101,894 # Toyota Boshoku Corp................................ 180,500 2,382,767 Toyota Motor Corp.................................. 1,212,986 78,202,326 # Toyota Motor Corp. Sponsored ADR................... 386,541 49,805,808 Toyota Tsusho Corp................................. 363,925 8,618,666 TPR Co., Ltd....................................... 61,800 1,563,868 Trancom Co., Ltd................................... 18,900 810,504 Transcosmos, Inc................................... 39,000 682,738 * Trend Micro, Inc................................... 48,800 1,378,166 * Trend Micro, Inc. Sponsored ADR.................... 3,540 100,394 Trinity Industrial Corp............................ 3,000 10,961 Trusco Nakayama Corp............................... 40,361 1,074,912 409 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Trust Tech, Inc.................................... 800 $ 11,681 TS Tech Co., Ltd................................... 119,800 3,018,361 TSI Holdings Co., Ltd.............................. 148,090 846,571 Tsubakimoto Chain Co............................... 390,000 3,140,038 Tsubakimoto Kogyo Co., Ltd......................... 24,000 61,720 #* Tsudakoma Corp..................................... 119,000 157,119 # Tsugami Corp....................................... 107,000 611,199 # Tsukada Global Holdings, Inc....................... 41,100 252,385 # Tsukamoto Corp. Co., Ltd........................... 37,000 42,953 Tsukishima Kikai Co., Ltd.......................... 55,800 602,521 Tsukuba Bank, Ltd.................................. 210,500 614,503 # Tsukui Corp........................................ 60,300 557,322 # Tsumura & Co....................................... 107,600 2,448,542 Tsuruha Holdings, Inc.............................. 35,300 2,372,017 Tsurumi Manufacturing Co., Ltd..................... 25,800 430,823 TYK Corp........................................... 34,000 62,712 # Tyo, Inc........................................... 111,500 164,258 # UACJ Corp.......................................... 694,144 1,704,809 Ube Industries, Ltd................................ 2,621,200 3,925,654 Uchida Yoko Co., Ltd............................... 111,000 346,133 Uchiyama Holdings Co., Ltd......................... 11,100 56,895 UKC Holdings Corp.................................. 29,700 456,116 #* Ulvac, Inc......................................... 137,200 1,965,183 Unicharm Corp...................................... 66,500 1,832,320 Uniden Corp........................................ 138,000 261,033 # Union Tool Co...................................... 17,900 499,868 Unipres Corp....................................... 100,700 1,751,758 United Arrows, Ltd................................. 38,900 1,105,663 * Unitika, Ltd....................................... 2,063,000 960,227 # Universal Entertainment Corp....................... 37,700 637,421 # UNY Group Holdings Co., Ltd........................ 538,700 3,099,448 #* Usen Corp.......................................... 197,600 517,908 # Ushio, Inc......................................... 212,100 2,457,207 USS Co., Ltd....................................... 93,200 1,462,172 # UT Holdings Co., Ltd............................... 38,400 156,899 Utoc Corp.......................................... 18,700 96,132 Valor Co., Ltd..................................... 108,200 2,041,007 # Village Vanguard Co., Ltd.......................... 10,700 127,080 Vital KSK Holdings, Inc............................ 64,985 499,205 # Vitec Co., Ltd..................................... 8,000 66,086 VT Holdings Co., Ltd............................... 193,600 779,134 Wacoal Holdings Corp............................... 243,000 2,408,591 # Wacom Co., Ltd..................................... 231,000 976,011 Wakachiku Construction Co., Ltd.................... 224,000 383,401 Wakamoto Pharmaceutical Co., Ltd................... 9,000 21,387 Wakita & Co., Ltd.................................. 90,800 860,636 Warabeya Nichiyo Co., Ltd.......................... 38,100 637,398 * Watabe Wedding Corp................................ 9,400 40,135 # WATAMI Co., Ltd.................................... 56,700 561,235 Weathernews, Inc................................... 11,100 281,174 Welcia Holdings Co., Ltd........................... 29,492 1,085,570 Wellnet Corp....................................... 6,900 126,083 # West Holdings Corp................................. 25,300 200,442 410 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) West Japan Railway Co.............................. 66,300 $3,410,052 Wood One Co., Ltd.................................. 40,000 92,401 Wowow, Inc......................................... 8,700 375,277 Xebio Co., Ltd..................................... 69,700 1,078,876 Y A C Co., Ltd..................................... 9,900 54,883 # Yachiyo Industry Co., Ltd.......................... 1,100 9,311 Yahagi Construction Co., Ltd....................... 68,100 507,090 # Yahoo Japan Corp................................... 341,400 1,148,167 Yaizu Suisankagaku Industry Co., Ltd............... 9,800 85,796 Yakult Honsha Co., Ltd............................. 20,800 1,259,770 YAMABIKO Corp...................................... 20,535 883,760 # Yamada Denki Co., Ltd.............................. 1,609,100 5,978,018 # Yamagata Bank, Ltd. (The).......................... 307,000 1,295,722 Yamaguchi Financial Group, Inc..................... 380,000 3,953,507 Yamaha Corp........................................ 295,400 4,301,875 Yamaha Motor Co., Ltd.............................. 271,800 5,961,230 # Yamaichi Electronics Co., Ltd...................... 64,100 445,893 Yamanashi Chuo Bank, Ltd. (The).................... 316,000 1,261,987 Yamatane Corp...................................... 271,000 401,203 Yamato Corp........................................ 26,000 93,885 Yamato Holdings Co., Ltd........................... 186,700 4,222,488 Yamato Kogyo Co., Ltd.............................. 64,100 1,649,670 # Yamaya Corp........................................ 11,710 153,889 # Yamazaki Baking Co., Ltd........................... 224,000 3,297,957 Yamazen Corp....................................... 108,500 762,740 Yaoko Co., Ltd..................................... 17,700 1,150,671 # Yaskawa Electric Corp.............................. 192,600 2,462,196 Yasuda Logistics Corp.............................. 26,200 229,442 Yellow Hat, Ltd.................................... 34,000 665,065 Yokogawa Bridge Holdings Corp...................... 69,500 778,589 # Yokogawa Electric Corp............................. 125,700 1,316,035 Yokohama Reito Co., Ltd............................ 112,900 783,138 # Yokohama Rubber Co., Ltd. (The).................... 604,000 5,682,412 Yokowo Co., Ltd.................................... 22,200 120,194 Yomeishu Seizo Co., Ltd............................ 2,000 15,597 Yomiuri Land Co., Ltd.............................. 121,000 483,369 Yondenko Corp...................................... 23,000 88,473 Yondoshi Holdings, Inc............................. 34,800 533,043 Yonekyu Corp....................................... 5,900 91,798 # Yonex Co., Ltd..................................... 9,900 99,721 Yorozu Corp........................................ 38,000 735,866 # Yoshinoya Holdings Co., Ltd........................ 59,000 668,132 Yuasa Funashoku Co., Ltd........................... 14,000 39,748 Yuasa Trading Co., Ltd............................. 44,200 909,521 Yuken Kogyo Co., Ltd............................... 85,000 176,341 Yuki Gosei Kogyo Co., Ltd.......................... 11,000 24,990 # Yumeshin Holdings Co., Ltd......................... 38,900 246,995 Yurtec Corp........................................ 115,000 777,384 Yusen Logistics Co., Ltd........................... 46,400 555,561 Yushin Precision Equipment Co., Ltd................ 5,226 99,241 Yushiro Chemical Industry Co., Ltd................. 24,800 386,019 Yutaka Foods Corp.................................. 4,000 62,742 Yutaka Giken Co., Ltd.............................. 200 4,175 411 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- JAPAN -- (Continued) Zappallas, Inc................................... 11,600 $ 65,046 # Zenrin Co., Ltd.................................. 53,600 689,609 # Zensho Holdings Co., Ltd......................... 290,400 2,625,702 Zeon Corp........................................ 417,000 4,258,292 ZERIA Pharmaceutical Co., Ltd.................... 34,499 558,479 # Zojirushi Corp................................... 29,000 193,968 # Zuiko Corp....................................... 4,200 165,686 -------------- TOTAL JAPAN.......................................... 2,671,321,078 -------------- JERSEY, CHANNEL ISLANDS -- (0.0%) Randgold Resources, Ltd. ADR..................... 3,680 313,757 -------------- NETHERLANDS -- (2.3%) Aalberts Industries NV........................... 255,501 7,358,601 Accell Group..................................... 30,870 470,922 Aegon NV(5927375)................................ 1,496,399 10,664,632 Aegon NV(007924103).............................. 107,160 765,122 Akzo Nobel NV.................................... 250,905 18,075,499 # Akzo Nobel NV Sponsored ADR...................... 68,609 1,655,535 * AMG Advanced Metallurgical Group NV.............. 94,166 703,111 Amsterdam Commodities NV......................... 42,427 1,011,457 #* APERAM SA........................................ 126,921 3,294,812 Arcadis NV....................................... 158,959 4,810,942 ArcelorMittal(B03XPL1)........................... 523,132 4,997,841 # ArcelorMittal(B295F26)........................... 639,510 6,164,876 # ASM International NV(5165294).................... 98,595 4,022,772 ASM International NV(N07045102).................. 343 14,337 ASML Holding NV(B929F46)......................... 56,713 5,915,633 # ASML Holding NV(B908F01)......................... 39,931 4,150,428 BE Semiconductor Industries NV................... 104,298 2,116,855 Beter Bed Holding NV............................. 13,418 263,170 BinckBank NV..................................... 131,450 1,079,739 Boskalis Westminster NV.......................... 222,480 9,835,511 # Brunel International NV.......................... 44,039 714,532 Corbion NV....................................... 55,643 921,764 Delta Lloyd NV................................... 487,732 9,215,054 Exact Holding NV................................. 14,475 518,644 # Fugro NV......................................... 135,950 2,948,096 #* Galapagos NV..................................... 58,419 1,194,776 # Gemalto NV....................................... 78,054 5,651,680 #* Grontmij......................................... 116,599 467,486 # Heijmans NV...................................... 59,292 566,875 Heineken NV...................................... 60,987 4,551,353 Hunter Douglas NV................................ 1,366 55,137 * ING Groep NV..................................... 467,949 5,817,730 #* ING Groep NV Sponsored ADR....................... 1,457,275 18,128,501 KAS Bank NV...................................... 15,763 181,831 Kendrion NV...................................... 34,929 955,268 Koninklijke Ahold NV............................. 1,227,077 22,146,878 Koninklijke Ahold NV Sponsored ADR............... 20,012 361,823 # Koninklijke BAM Groep NV......................... 405,819 1,218,034 Koninklijke DSM NV............................... 175,791 9,324,092 Koninklijke KPN NV............................... 5,892,766 18,187,318 412 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ NETHERLANDS -- (Continued) Koninklijke Philips NV(500472303).................. 330,638 $ 9,122,302 Koninklijke Philips NV(5986622).................... 531,506 14,656,205 # Koninklijke Ten Cate NV............................ 69,142 1,531,898 Koninklijke Vopak NV............................... 104,315 5,817,383 * Macintosh Retail Group NV.......................... 49,262 137,918 * Mota-Engil Africa NV............................... 13,155 91,718 Nederland Apparatenfabriek......................... 3,562 114,264 Nutreco NV......................................... 168,696 8,590,957 #* Ordina NV.......................................... 244,877 393,612 * PostNL NV.......................................... 735,276 2,659,713 Randstad Holding NV................................ 253,349 13,317,028 Reed Elsevier NV................................... 286,265 6,998,763 Reed Elsevier NV Sponsored ADR..................... 45,157 2,202,758 #* Royal Imtech NV.................................... 91,794 423,326 #* SBM Offshore NV.................................... 422,555 4,610,226 Sligro Food Group NV............................... 24,570 937,414 #* SNS Reaal NV....................................... 262,485 -- * Telegraaf Media Groep NV........................... 22,328 143,753 TKH Group NV....................................... 86,875 2,701,233 TNT Express NV..................................... 832,105 5,442,239 #* TomTom NV.......................................... 271,238 1,782,314 Unilever NV(B12T3J1)............................... 247,800 10,745,754 Unilever NV(904784709)............................. 151,412 6,566,738 USG People NV...................................... 161,094 1,856,547 Van Lanschot NV.................................... 214 4,234 Wessanen........................................... 230,818 1,473,875 Wolters Kluwer NV.................................. 582,966 17,414,843 ------------ TOTAL NETHERLANDS...................................... 310,235,682 ------------ NEW ZEALAND -- (0.3%) #* a2 Milk Co., Ltd................................... 39,073 15,275 Abano Healthcare Group, Ltd........................ 13,023 80,563 Air New Zealand, Ltd............................... 1,173,545 2,220,207 Auckland International Airport, Ltd................ 1,754,016 5,672,954 * Chorus, Ltd........................................ 145,907 280,433 * Chorus, Ltd. ADR................................... 10,487 99,102 Contact Energy, Ltd................................ 647,584 3,323,517 * Diligent Board Member Services, Inc................ 5,821 23,222 Ebos Group, Ltd.................................... 39,319 269,878 Fisher & Paykel Healthcare Corp., Ltd.............. 791,746 3,570,143 Fletcher Building, Ltd.(6341606)................... 645,847 3,923,370 # Fletcher Building, Ltd.(6341617)................... 94,146 569,911 Freightways, Ltd................................... 143,842 624,643 Hallenstein Glasson Holdings, Ltd.................. 16,145 39,380 Heartland New Zealand, Ltd......................... 12,825 12,319 Infratil, Ltd...................................... 722,658 1,659,135 # Kathmandu Holdings, Ltd............................ 54,811 80,172 Mainfreight, Ltd................................... 94,016 1,093,151 Metlifecare, Ltd................................... 28,656 99,929 Michael Hill International, Ltd.................... 72,300 63,558 New Zealand Oil & Gas, Ltd......................... 416,158 194,148 * New Zealand Refining Co., Ltd. (The)............... 66,827 123,300 Nuplex Industries, Ltd............................. 271,998 589,306 413 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NEW ZEALAND -- (Continued) NZX, Ltd........................................... 87,691 $ 77,133 * Pacific Edge, Ltd.................................. 20,054 11,472 PGG Wrightson, Ltd................................. 151,904 53,480 * Pike River Coal, Ltd............................... 224,242 -- # Port of Tauranga, Ltd.............................. 86,572 1,116,419 * Pumpkin Patch, Ltd................................. 37,217 5,946 # Restaurant Brands New Zealand, Ltd................. 141,523 391,091 * Rubicon, Ltd....................................... 64,229 16,400 Ryman Healthcare, Ltd.............................. 232,531 1,391,973 Sanford, Ltd....................................... 31,342 113,447 Skellerup Holdings, Ltd............................ 20,500 19,504 Sky Network Television, Ltd........................ 398,396 1,751,754 SKYCITY Entertainment Group, Ltd................... 1,194,466 3,407,686 Spark New Zealand, Ltd............................. 2,525,689 6,052,053 Steel & Tube Holdings, Ltd......................... 31,356 65,533 Summerset Group Holdings, Ltd...................... 49,212 110,895 Tourism Holdings, Ltd.............................. 23,932 31,231 Tower, Ltd......................................... 176,617 290,042 # Trade Me Group, Ltd................................ 168,252 443,492 # TrustPower, Ltd.................................... 73,850 449,634 Vector, Ltd........................................ 267,355 573,723 Warehouse Group, Ltd. (The)........................ 86,281 178,463 #* Xero, Ltd.......................................... 22,518 254,177 ----------- TOTAL NEW ZEALAND...................................... 41,433,164 ----------- NORWAY -- (0.8%) # ABG Sundal Collier Holding ASA..................... 454,248 281,379 # Akastor ASA........................................ 239,560 588,981 Aker ASA Class A................................... 35,486 757,929 * Aker Solutions ASA................................. 201,958 985,925 # American Shipping ASA.............................. 78,851 304,486 #* Archer, Ltd........................................ 812,241 322,265 # Atea ASA........................................... 146,033 1,622,091 Austevoll Seafood ASA.............................. 179,607 1,048,913 Bakkafrost P/F..................................... 63,018 1,309,219 #* Bionor Pharma ASA.................................. 71,347 21,392 Bonheur ASA........................................ 17,950 166,785 BW Offshore, Ltd................................... 1,072,307 1,031,187 Deep Sea Supply P.L.C.............................. 206,844 108,725 #* Det Norske Oljeselskap ASA......................... 180,241 753,116 DNB ASA............................................ 553,057 8,013,023 #* DNO ASA............................................ 644,010 1,418,930 #* DOF ASA............................................ 67,981 92,568 * Dolphin Group A.S.................................. 184,083 64,389 Ekornes ASA........................................ 24,912 310,381 #* Electromagnetic GeoServices........................ 417,456 217,811 Eltek ASA.......................................... 321,422 479,792 Evry ASA........................................... 62,231 129,013 Farstad Shipping ASA............................... 7,858 37,160 # Fred Olsen Energy ASA.............................. 30,682 257,131 #* Frontline, Ltd..................................... 154,437 367,807 Ganger Rolf ASA.................................... 23,563 212,809 Gjensidige Forsikring ASA.......................... 108,368 1,826,916 414 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NORWAY -- (Continued) Golar LNG, Ltd..................................... 19,800 $ 561,528 # Golden Ocean Group, Ltd............................ 784,564 485,006 * Grieg Seafood ASA.................................. 62,647 226,613 * Havila Shipping ASA................................ 3,252 6,260 # Hexagon Composites ASA............................. 167,123 408,177 * Hoegh LNG Holdings, Ltd............................ 49,905 490,844 * Kongsberg Automotive ASA........................... 1,579,051 1,241,438 Kongsberg Gruppen ASA.............................. 33,629 568,714 Kvaerner ASA....................................... 533,279 620,946 Leroey Seafood Group ASA........................... 43,655 1,530,618 Marine Harvest ASA................................. 336,235 4,398,464 #* Nordic Semiconductor ASA........................... 274,530 1,895,914 Norsk Hydro ASA.................................... 1,259,497 7,401,735 # Norsk Hydro ASA Sponsored ADR...................... 50,900 300,819 #* Norske Skogindustrier ASA.......................... 615,107 563,077 Northern Offshore, Ltd............................. 34,847 14,003 #* Norwegian Air Shuttle ASA.......................... 53,080 2,085,123 * Odfjell SE Class A................................. 41,255 115,523 Olav Thon Eiendomsselskap ASA...................... 4,360 88,038 # Opera Software ASA................................. 91,776 1,215,789 Orkla ASA.......................................... 463,884 3,418,750 * Panoro Energy ASA.................................. 960,998 167,744 # Petroleum Geo-Services ASA......................... 600,791 3,266,677 * PhotoCure ASA...................................... 4,035 19,737 # Prosafe SE......................................... 419,031 1,118,737 * Q-Free ASA......................................... 66,600 78,395 #* REC Silicon ASA.................................... 4,110,955 877,896 * REC Solar ASA...................................... 45,876 602,974 Salmar ASA......................................... 75,927 1,172,166 Schibsted ASA...................................... 30,763 1,981,683 # Seadrill, Ltd.(B09RMQ1)............................ 73,484 785,322 # Seadrill, Ltd.(B0HWHV8)............................ 213,664 2,294,751 #* Sevan Drilling A.S................................. 460,763 40,490 # Sevan Marine ASA................................... 66,506 167,866 # Siem Offshore, Inc................................. 222,158 62,111 # Solstad Offshore ASA............................... 7,538 60,571 #* Songa Offshore..................................... 369,172 73,255 SpareBank 1 SMN.................................... 52,734 373,751 SpareBank 1 SR Bank ASA............................ 187,669 1,178,472 Statoil ASA........................................ 720,288 12,062,144 # Statoil ASA Sponsored ADR.......................... 660,522 11,096,770 Stolt-Nielsen, Ltd................................. 31,408 495,904 * Storebrand ASA..................................... 660,721 1,997,348 Subsea 7 SA........................................ 248,026 2,109,839 Telenor ASA........................................ 173,758 3,732,803 # TGS Nopec Geophysical Co. ASA...................... 64,340 1,492,400 Tomra Systems ASA.................................. 213,165 1,712,644 * TTS Group ASA...................................... 11,319 6,676 Veidekke ASA....................................... 115,248 1,191,221 Wilh Wilhelmsen ASA................................ 93,792 523,918 Wilh Wilhelmsen Holding ASA Class A................ 19,427 376,771 415 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ NORWAY -- (Continued) Yara International ASA............................. 143,507 $ 7,471,310 ------------ TOTAL NORWAY........................................... 108,959,848 ------------ PORTUGAL -- (0.3%) Altri SGPS SA...................................... 349,608 1,210,992 #* Banco BPI SA....................................... 921,180 864,445 #* Banco Comercial Portugues SA....................... 49,575,059 3,491,378 * Banco Espirito Santo SA............................ 3,375,184 -- Corticeira Amorim SGPS SA.......................... 164,524 616,653 EDP - Energias de Portugal SA...................... 946,530 3,600,534 EDP - Energias de Portugal SA Sponsored ADR........ 7,202 275,909 EDP Renovaveis SA.................................. 422,739 2,825,813 Galp Energia SGPS SA............................... 590,255 6,235,682 #* Impresa SGPS SA.................................... 49,210 45,305 Jeronimo Martins SGPS SA........................... 240,597 2,587,948 Mota-Engil SGPS SA................................. 208,436 637,340 NOS SGPS........................................... 454,781 2,886,990 Novabase SGPS SA................................... 12,258 31,165 Portucel SA........................................ 461,536 1,861,930 # Portugal Telecom SGPS SA........................... 953,354 664,471 REN - Redes Energeticas Nacionais SGPS SA.......... 492,322 1,396,144 Semapa-Sociedade de Investimento e Gestao.......... 140,642 1,646,461 #* Sonae Industria SGPS SA............................ 14,246,464 104,077 Sonae SGPS SA...................................... 2,907,008 3,805,880 Teixeira Duarte SA................................. 243,459 193,706 ------------ TOTAL PORTUGAL......................................... 34,982,823 ------------ RUSSIA -- (0.0%) * Exillon Energy P.L.C............................... 43,826 82,308 ------------ SINGAPORE -- (1.3%) * Abterra, Ltd....................................... 189,000 77,090 Amara Holdings, Ltd................................ 248,000 98,627 # Amtek Engineering, Ltd............................. 725,000 334,469 ASL Marine Holdings, Ltd........................... 282,800 89,227 #* Ausgroup, Ltd...................................... 1,532,939 339,890 Banyan Tree Holdings, Ltd.......................... 409,000 158,423 #* Biosensors International Group, Ltd................ 2,832,901 1,349,094 Bonvests Holdings, Ltd............................. 51,600 52,191 Boustead Singapore, Ltd............................ 475,949 632,867 # Breadtalk Group, Ltd............................... 354,000 395,275 * Broadway Industrial Group, Ltd..................... 589,333 85,200 Bukit Sembawang Estates, Ltd....................... 122,000 479,843 Bund Center Investment, Ltd........................ 1,264,000 185,068 CapitaLand, Ltd.................................... 2,276,500 5,842,800 # Centurion Corp., Ltd............................... 700,000 306,375 CH Offshore, Ltd................................... 330,000 120,750 China Aviation Oil Singapore Corp., Ltd............ 334,800 175,073 # China Merchants Holdings Pacific, Ltd.............. 310,600 225,064 Chip Eng Seng Corp., Ltd........................... 1,670,000 1,119,442 City Developments, Ltd............................. 390,000 2,890,669 # Cityspring Infrastructure Trust.................... 546,000 219,799 ComfortDelGro Corp., Ltd........................... 2,057,169 4,362,237 416 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SINGAPORE -- (Continued) # Cosco Corp. Singapore, Ltd......................... 3,258,600 $ 1,300,976 CSC Holdings, Ltd.................................. 396,000 14,254 CSE Global, Ltd.................................... 1,652,000 713,485 CWT, Ltd........................................... 753,000 935,046 DBS Group Holdings, Ltd............................ 1,134,191 16,536,071 #* Del Monte Pacific, Ltd............................. 431,000 148,063 * Delong Holdings, Ltd............................... 207,200 34,125 DMX Technologies Group, Ltd........................ 256,000 30,391 # Dyna-Mac Holdings, Ltd............................. 1,489,000 380,357 Elec & Eltek International Co., Ltd................ 20,000 24,860 Eu Yan Sang International, Ltd..................... 44,400 25,494 # Ezion Holdings, Ltd................................ 4,318,960 4,049,290 # Ezra Holdings, Ltd................................. 2,613,640 1,022,051 # Falcon Energy Group, Ltd........................... 1,074,000 217,943 Far East Orchard, Ltd.............................. 255,401 318,631 # First Resources, Ltd............................... 1,247,000 1,712,789 FJ Benjamin Holdings, Ltd.......................... 527,000 62,673 Food Empire Holdings, Ltd.......................... 144,800 34,327 Fragrance Group, Ltd............................... 1,448,000 240,953 #* Gallant Venture, Ltd............................... 1,671,000 301,478 # Genting Hong Kong, Ltd............................. 678,000 246,001 Genting Singapore P.L.C............................ 2,909,000 2,319,388 #* Geo Energy Resources, Ltd.......................... 1,097,000 165,759 Global Logistic Properties, Ltd.................... 1,495,000 2,789,354 Global Premium Hotels, Ltd......................... 115,840 30,358 * Global Yellow Pages, Ltd........................... 72,500 2,304 GMG Global, Ltd.................................... 5,413,000 255,177 Golden Agri-Resources, Ltd......................... 6,392,569 1,982,996 GP Industries, Ltd................................. 174,000 83,251 # Great Eastern Holdings, Ltd........................ 30,200 539,758 # GuocoLand, Ltd..................................... 424,221 563,203 GuocoLeisure, Ltd.................................. 1,274,000 897,658 * Healthway Medical Corp., Ltd....................... 2,577,133 87,275 HG Metal Manufacturing, Ltd........................ 300,000 14,898 Hi-P International, Ltd............................ 525,000 273,810 Hiap Hoe, Ltd...................................... 128,000 78,324 Hiap Seng Engineering, Ltd......................... 120,000 13,241 Ho Bee Land, Ltd................................... 533,000 815,234 Hong Fok Corp., Ltd................................ 840,080 563,741 Hong Leong Asia, Ltd............................... 216,000 230,002 Hongkong Land Holdings, Ltd........................ 250,000 1,851,266 Hotel Grand Central, Ltd........................... 139,822 136,425 Hour Glass, Ltd. (The)............................. 150,000 81,256 HTL International Holdings, Ltd.................... 328,000 64,333 HupSteel, Ltd...................................... 145,000 20,949 # Hutchison Port Holdings Trust...................... 3,277,000 2,336,691 Hwa Hong Corp., Ltd................................ 280,000 70,293 # Hyflux, Ltd........................................ 1,274,000 896,384 Indofood Agri Resources, Ltd....................... 1,320,000 690,122 InnoTek, Ltd....................................... 87,000 16,422 Innovalues, Ltd.................................... 656,000 262,031 #* Interra Resources, Ltd............................. 483,000 58,699 IPC Corp., Ltd..................................... 1,401,000 158,151 417 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SINGAPORE -- (Continued) # ISDN Holdings, Ltd................................. 39,000 $ 6,041 Jardine Cycle & Carriage, Ltd...................... 37,838 1,181,005 #* Jiutian Chemical Group, Ltd........................ 2,526,000 115,233 * Jurong Technologies Industrial Corp., Ltd.......... 213,200 -- k1 Ventures, Ltd................................... 1,643,000 226,667 Keppel Corp., Ltd.................................. 466,200 2,994,197 Keppel Infrastructure Trust........................ 170,400 134,783 Keppel Land, Ltd................................... 920,000 3,085,185 # Keppel Telecommunications & Transportation, Ltd.... 139,000 178,717 Koh Brothers Group, Ltd............................ 193,000 44,235 # KSH Holdings, Ltd.................................. 23,000 8,747 LCD Global Investments, Ltd........................ 817,400 209,650 * Li Heng Chemical Fibre Technologies, Ltd........... 1,245,000 108,465 Lian Beng Group, Ltd............................... 1,512,000 702,770 * Linc Energy, Ltd................................... 478,535 205,332 #* LionGold Corp., Ltd................................ 1,707,000 23,979 Low Keng Huat Singapore, Ltd....................... 293,000 159,130 Lum Chang Holdings, Ltd............................ 160,000 42,031 M1, Ltd............................................ 348,000 962,216 Marco Polo Marine, Ltd............................. 269,000 55,550 * Mercator Lines Singapore, Ltd...................... 12,000 763 Mewah International, Inc........................... 336,000 94,065 # Midas Holdings, Ltd................................ 2,699,600 675,523 # Nam Cheong, Ltd.................................... 5,757,000 1,331,421 #* Neptune Orient Lines, Ltd.......................... 2,068,000 1,541,386 Noble Group, Ltd................................... 8,194,900 6,410,419 NSL, Ltd........................................... 75,000 89,264 # Olam International, Ltd............................ 808,000 1,176,357 # OSIM International, Ltd............................ 622,000 889,745 Otto Marine, Ltd................................... 577,000 17,777 OUE Hospitality Trust.............................. 81,999 56,680 # OUE, Ltd........................................... 479,000 777,904 Oversea-Chinese Banking Corp., Ltd................. 1,110,303 8,516,203 # Oxley Holdings, Ltd................................ 737,000 277,108 Pan-United Corp., Ltd.............................. 268,000 172,455 Penguin International, Ltd......................... 1,543,000 261,659 # Petra Foods, Ltd................................... 171,000 504,141 Popular Holdings, Ltd.............................. 590,000 135,172 QAF, Ltd........................................... 313,090 231,986 # Raffles Education Corp., Ltd....................... 1,874,667 457,722 # Raffles Medical Group, Ltd......................... 550,000 1,612,231 Rotary Engineering, Ltd............................ 609,000 249,708 * S I2I, Ltd......................................... 4,170,000 12,222 San Teh, Ltd....................................... 90,400 18,581 # SATS, Ltd.......................................... 1,239,392 2,708,912 SBS Transit, Ltd................................... 54,000 75,118 SembCorp Industries, Ltd........................... 860,000 2,734,749 # SembCorp Marine, Ltd............................... 625,800 1,384,832 Sheng Siong Group, Ltd............................. 1,279,000 684,200 SHS Holdings, Ltd.................................. 708,000 133,021 # SIA Engineering Co., Ltd........................... 97,000 312,334 Sim Lian Group, Ltd................................ 206,794 135,136 Sinarmas Land, Ltd................................. 3,013,000 1,443,688 418 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SINGAPORE -- (Continued) Sing Holdings, Ltd................................. 263,000 $ 66,009 Singapore Airlines, Ltd............................ 636,400 5,944,308 Singapore Exchange, Ltd............................ 439,000 2,518,506 Singapore Post, Ltd................................ 1,759,216 2,781,105 # Singapore Press Holdings, Ltd...................... 631,000 1,924,303 Singapore Reinsurance Corp., Ltd................... 55,000 12,840 Singapore Shipping Corp., Ltd...................... 137,000 30,299 Singapore Technologies Engineering, Ltd............ 926,000 2,296,953 Singapore Telecommunications, Ltd.................. 3,069,350 9,243,263 #* Sino Grandness Food Industry Group, Ltd............ 1,452,000 540,504 # SMRT Corp., Ltd.................................... 1,275,000 1,648,088 Stamford Land Corp., Ltd........................... 998,000 416,219 StarHub, Ltd....................................... 231,710 715,162 Sunningdale Tech, Ltd.............................. 1,938,000 285,919 #* SunVic Chemical Holdings, Ltd...................... 790,000 276,743 # Super Group, Ltd................................... 887,000 726,852 # Swiber Holdings, Ltd............................... 2,217,000 312,684 # Swissco Holdings, Ltd.............................. 620,000 211,172 Tat Hong Holdings, Ltd............................. 696,000 379,653 Thakral Corp., Ltd................................. 793,000 14,114 Tiong Woon Corp. Holding, Ltd...................... 465,750 79,151 Triyards holdings, Ltd............................. 113,399 39,572 #* TT International, Ltd.............................. 330,000 37,632 Tuan Sing Holdings, Ltd............................ 2,171,400 648,865 UMS Holdings, Ltd.................................. 1,014,750 385,712 United Engineers, Ltd.............................. 708,304 1,588,851 # United Envirotech, Ltd............................. 766,275 918,454 # United Industrial Corp., Ltd....................... 692,663 1,803,574 United Overseas Bank, Ltd.......................... 791,372 13,533,068 UOB-Kay Hian Holdings, Ltd......................... 497,218 554,117 UOL Group, Ltd..................................... 993,588 5,287,738 UPP Holdings, Ltd.................................. 610,000 112,245 #* Vard Holdings, Ltd................................. 1,789,000 665,859 Venture Corp., Ltd................................. 522,000 3,134,615 Vibrant Group, Ltd................................. 4,277,508 312,488 Wee Hur Holdings, Ltd.............................. 872,000 247,581 Wheelock Properties Singapore, Ltd................. 186,347 258,366 Wilmar International, Ltd.......................... 873,000 2,071,795 Wing Tai Holdings, Ltd............................. 1,411,124 1,906,973 Yeo Hiap Seng, Ltd................................. 63,135 81,194 YHI International, Ltd............................. 96,000 17,028 # Yongnam Holdings, Ltd.............................. 2,376,000 313,930 ------------ TOTAL SINGAPORE........................................ 176,147,403 ------------ SPAIN -- (2.4%) # Abengoa SA......................................... 123,167 393,421 Abengoa SA Class B................................. 1,174,738 3,470,848 # Abertis Infraestructuras SA........................ 274,774 5,380,761 * Acciona SA......................................... 76,384 5,460,225 Acerinox SA........................................ 277,206 4,126,885 ACS Actividades de Construccion y Servicios SA..... 114,482 3,981,649 Adveo Group International SA....................... 12,343 180,931 * Almirall SA........................................ 97,253 1,696,536 419 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SPAIN -- (Continued) # Amadeus IT Holding SA Class A...................... 207,925 $ 8,338,675 Atresmedia Corp de Medios de Comunicacion SA....... 91,276 1,341,152 * Azkoyen SA......................................... 14,561 34,703 Banco Bilbao Vizcaya Argentaria SA................. 1,285,971 10,985,216 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR... 929,178 7,916,596 # Banco de Sabadell SA............................... 5,468,176 13,818,545 * Banco Popular...................................... 6,978 29,601 Banco Popular Espanol SA........................... 1,647,217 6,962,712 Banco Santander SA................................. 4,603,532 30,963,670 Banco Santander SA Sponsored ADR................... 2,261,823 15,131,596 * Bankia SA.......................................... 2,692,207 3,521,080 Bankinter SA....................................... 1,035,313 7,192,912 * Baron de Ley....................................... 2,982 259,321 Bolsas y Mercados Espanoles SA..................... 143,846 5,913,221 CaixaBank SA....................................... 1,442,708 6,284,066 * Caja de Ahorros del Mediterraneo................... 21,176 -- #* Cementos Portland Valderrivas SA................... 36,737 243,760 # Cie Automotive SA.................................. 93,785 1,350,056 # Construcciones y Auxiliar de Ferrocarriles SA...... 3,772 1,268,083 Distribuidora Internacional de Alimentacion SA..... 706,364 4,573,091 Duro Felguera SA................................... 161,881 649,734 Ebro Foods SA...................................... 151,927 2,585,127 Elecnor SA......................................... 10,259 94,834 Enagas SA.......................................... 241,184 7,637,705 Ence Energia y Celulosa S.A........................ 368,840 1,103,092 * Ercros SA.......................................... 127,395 59,644 Faes Farma SA(B1PQHS6)............................. 343,060 698,588 * Faes Farma SA(BTGQBZ6)............................. 9,682 19,748 Ferrovial SA....................................... 241,798 4,796,999 * Fluidra SA......................................... 12,607 42,499 #* Fomento de Construcciones y Contratas SA........... 249,454 3,087,890 * Gamesa Corp. Tecnologica SA........................ 737,560 7,292,060 Gas Natural SDG SA................................. 223,302 5,241,739 Grifols SA......................................... 65,835 2,761,731 # Grupo Catalana Occidente SA........................ 83,944 2,400,185 #* Grupo Ezentis SA................................... 315,524 242,408 Iberdrola SA....................................... 5,337,091 36,838,861 Iberpapel Gestion SA............................... 4,081 60,136 Inditex SA......................................... 211,244 6,226,108 Indra Sistemas SA.................................. 290,319 2,965,799 * Inmobiliaria Colonial SA........................... 19,488 13,206 * Jazztel P.L.C...................................... 390,068 5,526,448 Mapfre SA.......................................... 1,779,323 5,989,835 * Mediaset Espana Comunicacion SA.................... 507,795 6,181,969 # Melia Hotels International SA...................... 145,111 1,666,853 # Miquel y Costas & Miquel SA........................ 17,909 620,514 * NH Hotel Group SA.................................. 282,843 1,396,423 # Obrascon Huarte Lain SA............................ 129,072 2,982,455 Papeles y Cartones de Europa SA.................... 152,586 733,444 * Pescanova SA....................................... 22,953 -- Prim SA............................................ 5,102 36,472 #* Promotora de Informaciones SA Class A.............. 1,597,504 423,632 # Prosegur Cia de Seguridad SA....................... 375,317 2,087,453 420 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SPAIN -- (Continued) #* Quabit Inmobiliaria SA............................. 284,665 $ 20,532 #* Realia Business SA................................. 191,857 132,111 Red Electrica Corp. SA............................. 94,259 8,030,687 # Repsol SA.......................................... 468,455 8,298,567 # Repsol SA Sponsored ADR............................ 282,058 5,020,632 * Sacyr SA........................................... 509,389 1,883,853 * Sociedad Nacional de Industrias Apicaciones Celulosa Espanola SA............................. 56,486 2,346 * Solaria Energia y Medio Ambiente SA................ 34,875 29,429 Tecnicas Reunidas SA............................... 48,462 1,884,562 * Telecomunicaciones y Energia....................... 27,058 45,537 Telefonica SA...................................... 1,316,154 19,736,259 Telefonica SA Sponsored ADR........................ 230,122 3,431,119 Tubacex SA......................................... 335,238 980,671 Tubos Reunidos SA.................................. 263,648 472,168 # Vidrala SA......................................... 26,034 1,294,548 Viscofan SA........................................ 72,210 4,177,896 * Vocento SA......................................... 49,923 93,527 # Zardoya Otis SA.................................... 169,902 1,934,930 * Zeltia SA.......................................... 315,249 1,073,444 ------------ TOTAL SPAIN............................................ 321,825,721 ------------ SWEDEN -- (2.9%) AAK AB............................................. 63,389 3,443,132 Acando AB.......................................... 136,592 221,055 AddTech AB Class B................................. 41,559 586,699 AF AB Class B...................................... 122,572 1,877,726 Alfa Laval AB...................................... 205,142 3,810,551 #* Arise AB........................................... 1,101 2,059 Assa Abloy AB Class B.............................. 178,776 9,763,660 Atlas Copco AB Class A............................. 136,063 4,028,639 Atlas Copco AB Class B............................. 78,436 2,145,315 Atrium Ljungberg AB Class B........................ 30,515 459,841 # Avanza Bank Holding AB............................. 38,133 1,257,790 # Axfood AB.......................................... 31,318 1,900,713 # Axis Communications AB............................. 68,999 1,847,099 B&B Tools AB Class B............................... 46,522 795,876 #* BE Group AB........................................ 67,268 38,877 Beijer Alma AB..................................... 14,045 338,109 Beijer Electronics AB.............................. 2,424 14,945 Beijer Ref AB Class B.............................. 6,430 104,472 Betsson AB......................................... 91,992 3,447,352 Bilia AB Class A................................... 78,719 2,387,409 BillerudKorsnas AB................................. 362,354 5,500,340 BioGaia AB Class B................................. 10,281 223,383 Biotage AB......................................... 44,000 75,680 # Bjoern Borg AB..................................... 24,143 67,534 Boliden AB......................................... 579,310 9,049,824 Bulten AB.......................................... 28,392 260,958 Bure Equity AB..................................... 111,077 519,998 Byggmax Group AB................................... 212,572 1,410,410 Castellum AB....................................... 271,419 4,267,882 Catena AB.......................................... 500 6,571 Clas Ohlson AB Class B............................. 63,190 977,042 421 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) * Cloetta AB Class B................................. 150,687 $ 456,372 Concentric AB...................................... 90,995 1,162,454 * Concordia Maritime AB Class B...................... 30,791 47,215 * CyberCom Group AB.................................. 79,025 26,474 Dios Fastigheter AB................................ 45,450 341,392 Doro AB............................................ 45,747 238,892 Duni AB............................................ 78,232 1,156,556 Electrolux AB Series B............................. 250,413 7,707,334 # Elekta AB Class B.................................. 324,310 3,476,403 Enea AB............................................ 26,784 241,580 #* Eniro AB........................................... 286,106 176,210 Fabege AB.......................................... 231,134 3,155,108 Fagerhult AB....................................... 8,022 132,721 * Fastighets AB Balder............................... 62,434 902,897 #* Fenix Outdoor International AG..................... 890 43,972 Getinge AB Class B................................. 338,947 8,354,189 Gunnebo AB......................................... 126,750 616,834 Haldex AB.......................................... 242,138 3,269,661 Hennes & Mauritz AB Class B........................ 227,333 9,351,738 Hexagon AB Class B................................. 207,217 6,561,113 Hexpol AB.......................................... 42,095 4,223,218 HIQ International AB............................... 150,838 780,631 Holmen AB Class B.................................. 96,557 3,483,873 Hufvudstaden AB Class A............................ 68,416 896,144 Husqvarna AB Class A............................... 104,942 732,364 Husqvarna AB Class B............................... 693,330 4,815,295 # ICA Gruppen AB..................................... 128,590 4,940,611 Industrial & Financial Systems Class B............. 35,105 1,080,879 Indutrade AB....................................... 43,630 1,775,819 Intrum Justitia AB................................. 158,115 4,207,694 JM AB.............................................. 235,214 7,742,252 KappAhl AB......................................... 179,749 905,094 #* Karolinska Development AB Class B.................. 2,619 3,758 Klovern AB Class A................................. 44,484 46,362 * Klovern AB Class B................................. 444,835 443,534 KNOW IT AB......................................... 27,286 160,385 Kungsleden AB...................................... 219,775 1,683,628 Lagercrantz AB Class B............................. 27,650 483,603 * Lindab International AB............................ 136,897 1,133,515 Loomis AB Class B.................................. 157,307 4,654,468 * Lundin Petroleum AB................................ 230,339 2,988,201 Meda AB Class A.................................... 501,267 7,059,879 #* Medivir AB Class B................................. 91,263 1,081,811 Mekonomen AB....................................... 50,786 1,192,971 Millicom International Cellular SA................. 63,720 4,063,457 Modern Times Group AB Class B...................... 88,231 2,497,096 MQ Holding AB...................................... 8,927 38,731 # Mycronic AB........................................ 226,667 792,162 NCC AB Class A..................................... 7,059 228,469 NCC AB Class B..................................... 205,680 6,650,532 Nederman Holding AB................................ 402 7,629 Net Entertainment NE AB............................ 45,742 1,449,333 * Net Insight AB Class B............................. 597,227 264,864 422 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SWEDEN -- (Continued) # New Wave Group AB Class B.......................... 125,715 $ 665,215 Nibe Industrier AB Class B......................... 163,370 4,149,961 Nobia AB........................................... 295,097 2,558,269 Nolato AB Class B.................................. 90,643 2,175,056 Nordea Bank AB..................................... 1,602,244 20,341,710 # Nordnet AB Class B................................. 203,287 681,320 OEM International AB Class B....................... 9,558 124,016 # Oriflame Cosmetics SA.............................. 19,657 263,120 * PA Resources AB.................................... 1 -- Peab AB............................................ 398,217 2,864,048 #* Pricer AB Class B.................................. 171,573 157,226 Proact IT Group AB................................. 5,666 57,391 Proffice AB Class B................................ 116,223 280,770 #* Qliro Group AB..................................... 71,748 138,420 Ratos AB Class B................................... 259,230 1,619,634 #* RaySearch Laboratories AB.......................... 20,642 133,982 * Rezidor Hotel Group AB............................. 140,000 525,539 * rnb Retail and Brands AB........................... 18,260 30,863 Saab AB Class B.................................... 147,599 3,592,922 Sagax AB Class B................................... 3,620 24,012 Sandvik AB......................................... 695,476 7,300,124 #* SAS AB............................................. 570,845 1,141,964 Securitas AB Class B............................... 594,373 7,244,759 Semcon AB.......................................... 26,134 164,180 Skandinaviska Enskilda Banken AB Class A........... 652,289 7,854,600 # Skandinaviska Enskilda Banken AB Class C........... 9,106 113,271 Skanska AB Class B................................. 451,242 10,001,427 SKF AB Class A..................................... 5,419 128,006 SKF AB Class B..................................... 265,064 6,248,056 SkiStar AB......................................... 32,266 329,737 #* SSAB AB Class A(B17H0S8)........................... 243,712 1,183,560 #* SSAB AB Class A(BPRBWK4)........................... 89,315 434,352 * SSAB AB Class B(B17H3F6)........................... 200,757 863,981 * SSAB AB Class B(BPRBWM6)........................... 227,995 986,147 Svenska Cellulosa AB Class A....................... 18,066 436,187 Svenska Cellulosa AB Class B....................... 644,333 15,531,075 Svenska Handelsbanken AB Class A................... 264,227 12,512,192 Svenska Handelsbanken AB Class B................... 7,412 345,481 Sweco AB Class B................................... 24,249 323,645 Swedbank AB Class A................................ 517,918 12,528,874 Swedish Match AB................................... 183,877 5,986,469 * Swedish Orphan Biovitrum AB........................ 214,386 2,247,160 Systemair AB....................................... 3,166 38,670 Tele2 AB Class B................................... 893,419 10,107,043 Telefonaktiebolaget LM Ericsson Class A............ 49,162 575,191 Telefonaktiebolaget LM Ericsson Class B............ 921,723 11,175,205 Telefonaktiebolaget LM Ericsson Sponsored ADR...... 530,387 6,433,594 TeliaSonera AB..................................... 1,975,101 12,170,098 # TradeDoubler AB.................................... 63,660 73,137 * Transcom Worldwide AB.............................. 1,110 7,579 Transmode AB....................................... 1,153 9,966 Trelleborg AB Class B.............................. 444,756 8,043,423 Unibet Group P.L.C................................. 58,500 3,483,866 423 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SWEDEN -- (Continued) Vitrolife AB....................................... 27,495 $ 585,515 Volvo AB Class A................................... 184,822 2,176,193 Volvo AB Class B................................... 871,580 10,203,794 Volvo AB Sponsored ADR............................. 68,480 801,901 Wallenstam AB Class B.............................. 146,881 2,431,678 Wihlborgs Fastigheter AB........................... 81,629 1,597,654 ------------ TOTAL SWEDEN........................................... 384,961,546 ------------ SWITZERLAND -- (6.5%) ABB, Ltd........................................... 1,383,312 26,595,845 # ABB, Ltd. Sponsored ADR............................ 433,304 8,293,439 Actelion, Ltd...................................... 98,185 10,845,563 Adecco SA.......................................... 188,943 14,114,708 AFG Arbonia-Forster Holding AG..................... 33,731 605,105 Allreal Holding AG................................. 24,020 3,776,545 Alpiq Holding AG................................... 3,183 224,918 ALSO Holding AG.................................... 635 34,612 ams AG............................................. 97,981 3,835,108 APG SGA SA......................................... 1,720 556,211 Aryzta AG.......................................... 162,775 12,203,141 Ascom Holding AG................................... 106,384 1,638,517 Autoneum Holding AG................................ 11,757 1,967,821 Bachem Holding AG Class B.......................... 6,084 283,988 Baloise Holding AG................................. 85,176 11,087,121 Bank Coop AG....................................... 6,201 274,309 Banque Cantonale de Geneve......................... 1,136 269,170 Banque Cantonale Vaudoise.......................... 4,795 2,797,698 # Barry Callebaut AG................................. 2,761 2,753,016 # Basler Kantonalbank................................ 6,402 442,729 Belimo Holding AG.................................. 412 953,070 Bell AG............................................ 110 265,518 # Bellevue Group AG.................................. 11,759 192,739 # Berner Kantonalbank AG............................. 6,092 1,198,525 BKW AG............................................. 12,459 372,259 Bobst Group SA..................................... 21,127 644,462 Bossard Holding AG Class A......................... 16,087 1,665,743 Bucher Industries AG............................... 17,057 4,184,638 Burckhardt Compression Holding AG.................. 3,341 1,033,466 Burkhalter Holding AG.............................. 6,332 671,226 Carlo Gavazzi Holding AG........................... 221 47,858 Cham Paper Holding AG.............................. 5 1,266 * Charles Voegele Holding AG......................... 23,145 331,549 Chocoladefabriken Lindt & Sprungli AG.............. 32 2,015,839 Cie Financiere Richemont SA........................ 256,258 21,289,426 Cie Financiere Tradition SA........................ 1,907 85,968 Clariant AG........................................ 929,297 14,930,335 Coltene Holding AG................................. 8,129 549,631 Conzzeta AG........................................ 193 625,972 Credit Suisse Group AG............................. 1,094,024 23,035,598 # Credit Suisse Group AG Sponsored ADR............... 411,921 8,666,818 Daetwyler Holding AG............................... 10,895 1,299,731 DKSH Holding AG.................................... 31,053 2,357,335 Dottikon Es Holding AG............................. 89 19,065 424 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SWITZERLAND -- (Continued) * Dufry AG........................................... 48,678 $ 7,150,908 Edmond de Rothschild Suisse SA..................... 10 152,410 EFG International AG............................... 100,094 1,080,129 Emmi AG............................................ 4,881 1,593,970 EMS-Chemie Holding AG.............................. 9,007 3,479,442 Energiedienst Holding AG........................... 8,178 248,932 * Evolva Holding SA.................................. 28,548 44,654 Feintool International Holding AG.................. 763 72,595 Flughafen Zuerich AG............................... 9,561 6,509,245 Forbo Holding AG................................... 2,745 2,654,178 Galenica AG........................................ 7,848 6,306,423 GAM Holding AG..................................... 397,514 7,024,927 Gategroup Holding AG............................... 73,044 2,027,331 Geberit AG......................................... 26,838 9,169,049 Georg Fischer AG................................... 11,235 6,737,300 Givaudan SA........................................ 5,576 10,164,072 Gurit Holding AG................................... 1,126 402,990 Helvetia Holding AG................................ 13,678 6,977,027 Holcim, Ltd........................................ 179,086 12,520,416 Huber & Suhner AG.................................. 18,253 812,565 Implenia AG........................................ 27,166 1,485,876 # Inficon Holding AG................................. 3,479 1,166,770 Interroll Holding AG............................... 877 447,356 Intershop Holdings AG.............................. 2,308 929,657 Julius Baer Group, Ltd............................. 354,366 14,417,071 Kaba Holding AG Class B............................ 6,667 3,350,863 Kardex AG.......................................... 19,185 917,665 Komax Holding AG................................... 10,610 1,597,272 Kudelski SA........................................ 119,420 1,367,916 Kuehne + Nagel International AG.................... 24,840 3,419,332 Kuoni Reisen Holding AG............................ 8,026 2,694,300 LEM Holding SA..................................... 2,555 1,962,967 Liechtensteinische Landesbank AG................... 3,854 163,281 * LifeWatch AG....................................... 16,366 233,196 Logitech International SA(B18ZRK2)................. 239,948 3,528,250 # Logitech International SA(H50430232)............... 69,478 1,015,074 Lonza Group AG..................................... 109,076 12,918,548 # Luzerner Kantonalbank AG........................... 4,966 1,898,763 MCH Group AG....................................... 56 3,659 Metall Zug AG...................................... 214 522,552 #* Meyer Burger Technology AG......................... 144,430 895,965 Micronas Semiconductor Holding AG.................. 75,160 449,086 Mikron Holding AG.................................. 48,480 355,503 * Mobilezone Holding AG.............................. 59,096 707,559 Mobimo Holding AG.................................. 12,566 2,902,297 #* Myriad Group AG.................................... 16,690 71,834 Nestle SA.......................................... 2,133,314 162,923,239 Novartis AG........................................ 326,834 31,850,862 Novartis AG ADR.................................... 797,913 77,716,726 OC Oerlikon Corp. AG............................... 421,645 4,796,054 * Orascom Development Holding AG..................... 13,644 234,661 #* Orell Fuessli Holding AG........................... 435 40,041 Orior AG........................................... 7,071 412,006 425 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SWITZERLAND -- (Continued) Panalpina Welttransport Holding AG................. 12,099 $ 1,481,499 Partners Group Holding AG.......................... 18,333 4,906,279 Phoenix Mecano AG.................................. 1,116 501,003 PSP Swiss Property AG.............................. 23,821 2,458,858 Rieter Holding AG.................................. 10,103 1,465,342 Roche Holding AG(7108918).......................... 4,641 1,273,128 Roche Holding AG(7110388).......................... 154,681 41,689,218 Romande Energie Holding SA......................... 357 376,835 Schaffner Holding AG............................... 509 142,742 Schindler Holding AG............................... 7,522 1,095,322 * Schmolz + Bickenbach AG............................ 1,255,167 1,118,456 Schweiter Technologies AG.......................... 1,863 1,428,598 SGS SA............................................. 2,519 4,778,275 Siegfried Holding AG............................... 10,383 1,729,900 Sika AG............................................ 3,111 10,684,727 Sonova Holding AG.................................. 19,621 2,577,741 St Galler Kantonalbank AG.......................... 4,374 1,661,042 Straumann Holding AG............................... 6,229 1,407,008 Sulzer AG.......................................... 36,758 3,891,945 Swatch Group AG (The)(7184725)..................... 24,577 9,774,619 Swatch Group AG (The)(7184736)..................... 33,505 2,463,025 Swiss Life Holding AG.............................. 59,485 13,274,284 Swiss Re AG........................................ 356,187 32,130,701 Swisscom AG........................................ 11,681 6,848,783 Swisscom AG Sponsored ADR.......................... 5,100 299,931 Swissquote Group Holding SA........................ 20,759 540,323 Syngenta AG........................................ 86,410 28,146,650 Syngenta AG ADR.................................... 180,960 11,776,877 Tamedia AG......................................... 2,226 305,093 Tecan Group AG..................................... 8,679 875,825 Temenos Group AG................................... 108,438 3,300,521 * Tornos Holding AG.................................. 12,446 56,776 U-Blox AG.......................................... 12,987 1,856,872 UBS Group AG(BRJL176).............................. 1,186,463 19,886,370 * UBS Group AG(H42097107)............................ 285,193 4,757,019 * Valartis Group AG.................................. 9,003 148,766 Valiant Holding AG................................. 20,035 1,634,942 Valora Holding AG.................................. 6,635 1,605,332 Vaudoise Assurances Holding SA Class B............. 1,393 655,460 Vetropack Holding AG............................... 364 528,302 * Von Roll Holding AG................................ 80,625 114,121 Vontobel Holding AG................................ 49,554 1,656,499 VP Bank AG......................................... 4,808 387,963 Walliser Kantonalbank.............................. 173 132,378 * Walter Meier AG.................................... 3,375 155,029 Ypsomed Holding AG................................. 3,145 285,836 Zehnder Group AG................................... 15,848 691,011 * Zueblin Immobilien Holding AG...................... 38,248 47,448 Zug Estates Holding AG............................. 189 264,230 Zuger Kantonalbank AG.............................. 131 634,937 426 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SWITZERLAND -- (Continued) Zurich Insurance Group AG.......................... 104,843 $ 34,763,652 ------------ TOTAL SWITZERLAND...................................... 876,229,858 ------------ UNITED KINGDOM -- (17.3%) 4imprint Group P.L.C............................... 1,908 25,341 888 Holdings P.L.C................................. 565,652 1,199,655 A.G.BARR P.L.C..................................... 92,243 876,544 Aberdeen Asset Management P.L.C.................... 1,583,279 10,393,158 Acacia Mining P.L.C................................ 280,421 1,191,312 Acal P.L.C......................................... 26,297 101,866 Admiral Group P.L.C................................ 222,743 4,845,653 #* Afren P.L.C........................................ 2,504,224 201,670 * Aga Rangemaster Group P.L.C........................ 77,421 119,773 Aggreko P.L.C...................................... 529,311 12,344,612 Air Partner P.L.C.................................. 2,004 8,988 Alent P.L.C........................................ 538,337 2,956,447 * Alizyme P.L.C...................................... 42,517 -- Alumasc Group P.L.C. (The)......................... 8,807 15,830 Amec Foster Wheeler P.L.C.......................... 558,730 6,680,317 Amlin P.L.C........................................ 1,115,211 8,171,483 Anglo American P.L.C............................... 1,365,957 22,816,421 Anglo Pacific Group P.L.C.......................... 64,571 82,215 Anglo-Eastern Plantations P.L.C.................... 8,036 69,312 Anite P.L.C........................................ 419,303 515,013 Antofagasta P.L.C.................................. 654,822 6,384,604 ARM Holdings P.L.C................................. 12,223 190,501 ARM Holdings P.L.C. Sponsored ADR.................. 123,230 5,772,093 # Ashmore Group P.L.C................................ 686,250 2,887,971 Ashtead Group P.L.C................................ 725,287 11,802,238 Associated British Foods P.L.C..................... 248,435 11,586,316 AstraZeneca P.L.C.................................. 5,511 392,303 AstraZeneca P.L.C. Sponsored ADR................... 493,171 35,034,868 Aveva Group P.L.C.................................. 30,741 607,453 Aviva P.L.C........................................ 3,632,620 28,820,790 # Aviva P.L.C. Sponsored ADR......................... 25,627 407,213 Avon Rubber P.L.C.................................. 10,350 123,665 Babcock International Group P.L.C.................. 568,918 8,602,868 BAE Systems P.L.C.................................. 2,545,511 19,377,993 Balfour Beatty P.L.C............................... 1,281,825 4,280,123 Bank of Georgia Holdings P.L.C..................... 40,818 1,246,125 Barclays P.L.C..................................... 232,580 816,827 Barclays P.L.C. Sponsored ADR...................... 2,018,783 28,343,713 Barratt Developments P.L.C......................... 2,093,316 14,409,293 BBA Aviation P.L.C................................. 978,272 4,989,053 Beazley P.L.C...................................... 1,256,680 5,444,672 Bellway P.L.C...................................... 267,912 7,334,231 Berendsen P.L.C.................................... 537,949 9,002,793 Berkeley Group Holdings P.L.C...................... 221,506 8,074,063 Betfair Group P.L.C................................ 38,006 919,004 BG Group P.L.C..................................... 2,591,251 34,561,772 BG Group P.L.C. Sponsored ADR...................... 132,471 1,802,268 BHP Billiton P.L.C................................. 389,565 8,461,557 # BHP Billiton P.L.C. ADR............................ 640,567 27,986,372 427 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) Bloomsbury Publishing P.L.C........................ 58,768 $ 131,266 Bodycote P.L.C..................................... 553,838 5,663,288 Booker Group P.L.C................................. 1,701,009 3,818,537 Boot Henry P.L.C................................... 54,535 172,464 Bovis Homes Group P.L.C............................ 259,007 3,233,323 BP P.L.C........................................... 82,666 531,049 BP P.L.C. Sponsored ADR............................ 2,103,801 81,690,590 Braemar Shipping Services P.L.C.................... 13,650 95,423 Brammer P.L.C...................................... 43,837 227,629 Brewin Dolphin Holdings P.L.C...................... 546,549 2,403,050 British American Tobacco P.L.C..................... 150,314 8,480,118 # British American Tobacco P.L.C. Sponsored ADR...... 131,384 14,800,408 British Polythene Industries P.L.C................. 30,441 294,382 Britvic P.L.C...................................... 463,668 4,906,881 BT Group P.L.C..................................... 456,575 2,864,391 # BT Group P.L.C. Sponsored ADR...................... 136,982 8,599,730 * BTG P.L.C.......................................... 388,959 4,621,291 Bunzl P.L.C........................................ 261,854 7,459,413 Burberry Group P.L.C............................... 328,876 8,544,019 # Bwin.Party Digital Entertainment P.L.C............. 1,220,016 1,955,985 Cable & Wireless Communications P.L.C.............. 7,309,582 5,487,983 * Cairn Energy P.L.C................................. 144,231 415,674 Cape P.L.C......................................... 287,885 904,601 Capita P.L.C....................................... 310,687 5,217,535 Capital & Counties Properties P.L.C................ 212,800 1,229,797 Capital & Regional P.L.C........................... 398,343 320,036 Carclo P.L.C....................................... 21,100 32,462 Carillion P.L.C.................................... 953,087 4,895,314 Carnival P.L.C..................................... 43,538 1,949,246 Carnival P.L.C. ADR................................ 138,242 6,160,064 Carr's Milling Industries P.L.C.................... 26,720 56,890 Castings P.L.C..................................... 57,646 333,510 Catlin Group, Ltd.................................. 778,570 8,165,680 Centamin P.L.C..................................... 2,257,149 2,280,257 # Centaur Media P.L.C................................ 79,311 76,434 Centrica P.L.C..................................... 4,336,693 19,137,939 Charles Stanley Group P.L.C........................ 6,583 32,902 Charles Taylor P.L.C............................... 11,746 43,136 Chemring Group P.L.C............................... 508,367 1,653,672 Chesnara P.L.C..................................... 194,104 1,027,469 Chime Communications P.L.C......................... 37,972 144,746 Cineworld Group P.L.C.............................. 343,622 2,190,238 Clarkson P.L.C..................................... 3,333 94,309 Close Brothers Group P.L.C......................... 302,437 6,901,326 Cobham P.L.C....................................... 1,969,138 9,652,481 Coca-Cola HBC AG................................... 292,009 4,693,376 * Colt Group SA...................................... 734,079 1,464,823 Communisis P.L.C................................... 169,076 139,953 Compass Group P.L.C................................ 784,979 13,533,940 Computacenter P.L.C................................ 181,186 1,761,214 Connect Group P.L.C................................ 323,333 688,332 Consort Medical P.L.C.............................. 71,965 916,927 Costain Group P.L.C................................ 40,453 174,877 428 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) Cranswick P.L.C.................................... 93,201 $ 1,834,884 Creston P.L.C...................................... 18,283 34,264 Croda International P.L.C.......................... 242,577 9,687,642 CSR P.L.C.......................................... 304,746 3,904,541 Daily Mail & General Trust P.L.C................... 478,411 6,197,705 Dairy Crest Group P.L.C............................ 329,498 2,423,695 Darty P.L.C........................................ 303,760 309,369 DCC P.L.C.......................................... 160,830 8,521,627 De La Rue P.L.C.................................... 91,207 709,570 Debenhams P.L.C.................................... 2,479,269 2,797,161 Dechra Pharmaceuticals P.L.C....................... 166,185 2,168,583 Development Securities P.L.C....................... 222,296 807,755 Devro P.L.C........................................ 460,865 1,950,540 Diageo P.L.C....................................... 41,007 1,213,833 Diageo P.L.C. Sponsored ADR........................ 108,334 12,797,495 # Dialight P.L.C..................................... 7,633 80,617 Dignity P.L.C...................................... 68,544 1,919,815 Diploma P.L.C...................................... 257,579 2,952,899 Direct Line Insurance Group P.L.C.................. 2,014,038 9,445,152 Dixons Carphone P.L.C.............................. 1,729,259 11,300,829 Domino Printing Sciences P.L.C..................... 205,671 2,109,536 Domino's Pizza Group P.L.C......................... 191,782 1,941,486 Drax Group P.L.C................................... 785,326 4,261,144 DS Smith P.L.C..................................... 2,621,836 12,469,930 Dunelm Group P.L.C................................. 54,067 714,956 * Dyson Group P.L.C.................................. 3,999 78 E2V Technologies P.L.C............................. 83,076 234,525 easyJet P.L.C...................................... 250,261 6,978,007 Electrocomponents P.L.C............................ 1,354,983 4,163,405 Elementis P.L.C.................................... 1,428,752 5,931,849 * EnQuest P.L.C...................................... 1,559,458 797,789 * Enterprise Inns P.L.C.............................. 1,150,115 1,785,630 Essentra P.L.C..................................... 595,124 7,409,777 Euromoney Institutional Investor P.L.C............. 45,920 740,091 # Evraz P.L.C........................................ 647,670 1,657,481 Experian P.L.C..................................... 649,703 11,448,443 Fenner P.L.C....................................... 419,492 1,164,886 Ferrexpo P.L.C..................................... 413,055 311,491 Fidessa Group P.L.C................................ 46,570 1,679,779 * Findel P.L.C....................................... 63,044 200,169 * Firstgroup P.L.C................................... 2,549,551 3,805,034 * Fortune Oil P.L.C.................................. 691,662 102,233 Fresnillo P.L.C.................................... 208,368 2,814,529 Friends Life Group, Ltd............................ 2,686,041 16,062,191 Fuller Smith & Turner.............................. 40,964 603,907 Future P.L.C....................................... 361,156 58,623 G4S P.L.C.......................................... 3,206,623 13,740,743 Galliford Try P.L.C................................ 171,095 3,387,979 Games Workshop Group P.L.C......................... 7,668 56,971 * Gem Diamonds, Ltd.................................. 299,479 636,802 Genus P.L.C........................................ 93,851 1,728,620 GKN P.L.C.......................................... 2,970,163 16,403,708 GlaxoSmithKline P.L.C.............................. 104,687 2,305,074 429 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) # GlaxoSmithKline P.L.C. Sponsored ADR............... 496,541 $21,847,804 Glencore P.L.C..................................... 4,070,807 15,178,335 Go-Ahead Group P.L.C............................... 72,942 2,708,448 Goodwin P.L.C...................................... 40 1,733 Grafton Group P.L.C................................ 375,069 3,774,736 Greencore Group P.L.C.............................. 1,352,819 6,274,258 # Greene King P.L.C.................................. 522,561 6,602,397 Greggs P.L.C....................................... 323,314 3,993,370 * Guinness Peat Group P.L.C.......................... 52,296 17,473 Halfords Group P.L.C............................... 658,396 4,392,768 Halma P.L.C........................................ 965,315 10,100,693 Hargreaves Lansdown P.L.C.......................... 217,724 3,300,395 Harvey Nash Group P.L.C............................ 28,747 34,328 Hays P.L.C......................................... 2,510,554 5,850,074 Headlam Group P.L.C................................ 100,890 682,530 Helical Bar P.L.C.................................. 216,470 1,243,134 Henderson Group P.L.C.............................. 2,260,561 8,058,338 Hikma Pharmaceuticals P.L.C........................ 287,659 10,192,965 Hill & Smith Holdings P.L.C........................ 168,994 1,548,028 Hilton Food Group P.L.C............................ 1,517 8,957 Hiscox, Ltd........................................ 568,445 6,278,797 * Hochschild Mining P.L.C............................ 262,443 357,969 Hogg Robinson Group P.L.C.......................... 124,869 84,960 Home Retail Group P.L.C............................ 1,849,663 5,342,686 Homeserve P.L.C.................................... 618,302 3,130,992 * Hornby P.L.C....................................... 20,303 23,810 Howden Joinery Group P.L.C......................... 1,290,722 8,236,808 # HSBC Holdings P.L.C. Sponsored ADR................. 1,680,335 76,824,916 Hunting P.L.C...................................... 255,619 1,521,762 Huntsworth P.L.C................................... 265,818 181,396 ICAP P.L.C......................................... 1,340,264 9,411,390 IG Group Holdings P.L.C............................ 967,620 10,499,212 #* Imagination Technologies Group P.L.C............... 418,297 1,540,818 IMI P.L.C.......................................... 255,154 4,885,982 Imperial Tobacco Group P.L.C....................... 337,831 15,867,576 Imperial Tobacco Group P.L.C. ADR.................. 12,593 1,176,438 Inchcape P.L.C..................................... 908,486 9,489,958 * Indivior P.L.C..................................... 120,701 316,332 Informa P.L.C...................................... 1,733,855 13,331,556 Inmarsat P.L.C..................................... 998,073 12,506,141 Innovation Group P.L.C............................. 1,487,036 654,395 InterContinental Hotels Group P.L.C................ 145,435 5,799,615 # InterContinental Hotels Group P.L.C. ADR........... 82,615 3,284,772 #* International Consolidated Airlines Group SA(B5282K0)...................................... 275,021 2,243,963 * International Consolidated Airlines Group SA(B5M6XQ7)...................................... 1,452,029 11,828,496 * International Consolidated Airlines Group SA Sponsored ADR.................................... 11,890 481,545 * International Ferro Metals, Ltd.................... 20,587 1,248 Interserve P.L.C................................... 332,347 2,669,470 Intertek Group P.L.C............................... 299,078 10,300,546 Investec P.L.C..................................... 961,083 8,075,241 * IP Group P.L.C..................................... 157,693 557,218 ITE Group P.L.C.................................... 311,955 613,557 ITV P.L.C.......................................... 2,958,608 9,791,572 430 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- UNITED KINGDOM -- (Continued) J Sainsbury P.L.C.................................. 2,585,765 $ 9,908,678 James Fisher & Sons P.L.C.......................... 77,892 1,290,180 Jardine Lloyd Thompson Group P.L.C................. 145,930 2,073,410 JD Sports Fashion P.L.C............................ 77,870 588,010 JD Wetherspoon P.L.C............................... 238,105 2,834,054 #* JKX Oil & Gas P.L.C................................ 132,334 25,429 John Menzies P.L.C................................. 54,405 304,476 John Wood Group P.L.C.............................. 668,488 5,741,915 Johnson Matthey P.L.C.............................. 270,644 13,240,102 * Johnston Press P.L.C............................... 29,137 73,114 Jupiter Fund Management P.L.C...................... 898,448 5,110,649 * KAZ Minerals P.L.C................................. 535,840 1,615,209 Kcom Group P.L.C................................... 1,163,693 1,448,497 Keller Group P.L.C................................. 165,417 2,214,457 Kier Group P.L.C................................... 82,157 1,934,017 Kingfisher P.L.C................................... 1,822,314 9,374,280 Ladbrokes P.L.C.................................... 1,595,220 2,779,185 Laird P.L.C........................................ 579,630 2,778,743 * Lamprell P.L.C..................................... 633,715 1,034,732 Lancashire Holdings, Ltd........................... 390,611 3,582,052 Latchways P.L.C.................................... 2,464 26,841 Laura Ashley Holdings P.L.C........................ 224,765 100,641 Lavendon Group P.L.C............................... 171,083 407,061 Legal & General Group P.L.C........................ 4,866,129 19,542,970 * Liberty Global P.L.C. Class A...................... 27,450 1,282,462 * Liberty Global P.L.C. Series C..................... 67,723 3,087,478 * Lloyds Banking Group P.L.C......................... 53,682,194 59,469,879 #* Lloyds Banking Group P.L.C. ADR.................... 1,257,283 5,519,472 London Stock Exchange Group P.L.C.................. 377,424 13,401,095 * Lonmin P.L.C....................................... 1,006,455 2,464,911 Lookers P.L.C...................................... 408,887 919,185 Low & Bonar P.L.C.................................. 135,064 104,115 LSL Property Services P.L.C........................ 17,023 70,795 Man Group P.L.C.................................... 3,430,021 9,234,112 Management Consulting Group P.L.C.................. 265,588 60,112 Marks & Spencer Group P.L.C........................ 1,150,560 8,363,570 Marshalls P.L.C.................................... 112,011 411,726 Marston's P.L.C.................................... 1,170,205 2,581,391 McBride P.L.C...................................... 279,529 338,434 Mears Group P.L.C.................................. 104,448 653,555 #* Mecom Group P.L.C.................................. 191,097 439,653 Meggitt P.L.C...................................... 1,739,088 14,058,590 Melrose Industries P.L.C........................... 1,870,657 7,446,546 Michael Page International P.L.C................... 449,971 3,148,673 Micro Focus International P.L.C.................... 180,058 2,853,057 Millennium & Copthorne Hotels P.L.C................ 354,328 3,072,862 * Mitchells & Butlers P.L.C.......................... 464,018 2,967,967 Mitie Group P.L.C.................................. 1,393,382 5,660,071 MJ Gleeson P.L.C................................... 19,478 106,177 Mondi P.L.C........................................ 693,541 12,371,986 Moneysupermarket.com Group P.L.C................... 570,760 2,253,146 Morgan Advanced Materials P.L.C.................... 792,262 3,617,300 Morgan Sindall Group P.L.C......................... 54,102 542,910 431 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) #* Mothercare P.L.C................................... 272,304 $ 734,073 N Brown Group P.L.C................................ 269,894 1,748,655 National Express Group P.L.C....................... 1,034,593 3,968,521 National Grid P.L.C................................ 14,459 203,279 National Grid P.L.C. Sponsored ADR................. 162,813 11,452,265 NCC Group P.L.C.................................... 69,991 237,666 #* New World Resources P.L.C. Class A................. 46,188 887 Next P.L.C......................................... 72,441 7,872,024 Northgate P.L.C.................................... 318,078 2,956,753 Novae Group P.L.C.................................. 79,571 717,991 * Ocado Group P.L.C.................................. 9,687 59,702 Old Mutual P.L.C................................... 4,580,580 14,290,811 * Optos P.L.C........................................ 8,716 32,984 * Oxford Biomedica P.L.C............................. 164,084 17,327 Oxford Instruments P.L.C........................... 56,289 629,327 Pace P.L.C......................................... 1,040,808 5,223,398 PayPoint P.L.C..................................... 32,181 401,297 Pearson P.L.C...................................... 31,107 631,154 # Pearson P.L.C. Sponsored ADR....................... 575,900 11,667,734 Pendragon P.L.C.................................... 525,892 282,177 # Pennon Group P.L.C................................. 631,153 8,436,718 Persimmon P.L.C.................................... 538,565 12,892,674 * Petra Diamonds, Ltd................................ 423,803 977,169 # Petrofac, Ltd...................................... 395,612 4,191,348 #* Petropavlovsk P.L.C................................ 304,494 61,929 Phoenix Group Holdings............................. 292,366 3,682,226 Phoenix IT Group P.L.C............................. 33,310 70,609 Photo-Me International P.L.C....................... 796,592 1,626,400 Playtech P.L.C..................................... 172,754 1,758,321 Premier Farnell P.L.C.............................. 578,323 1,470,273 * Premier Foods P.L.C................................ 1,328,484 864,435 Premier Oil P.L.C.................................. 1,066,992 2,313,334 # Prudential P.L.C. ADR.............................. 583,858 28,340,467 * Puma Brandenburg, Ltd.............................. 9,000 -- * Puma Brandenburg, Ltd. A Shares.................... 9,000 -- * Punch Taverns P.L.C................................ 44,189 72,819 * PV Crystalox Solar P.L.C........................... 60,126 9,376 PZ Cussons P.L.C................................... 347,414 1,647,205 QinetiQ Group P.L.C................................ 1,819,751 5,113,361 * Quintain Estates & Development P.L.C............... 1,296,351 1,878,069 Randgold Resources, Ltd............................ 99,350 8,527,180 Rank Group P.L.C................................... 20,290 53,628 * Raven Russia, Ltd.................................. 105,831 59,316 REA Holdings P.L.C................................. 11,361 56,270 Reckitt Benckiser Group P.L.C...................... 122,222 10,344,242 Redrow P.L.C....................................... 537,125 2,278,234 Reed Elsevier P.L.C................................ 344,671 5,983,839 # Reed Elsevier P.L.C. Sponsored ADR................. 43,964 3,055,497 Regus P.L.C........................................ 1,661,126 5,050,329 Renishaw P.L.C..................................... 50,093 1,745,715 Rentokil Initial P.L.C............................. 2,571,801 4,682,219 Restaurant Group P.L.C. (The)...................... 358,623 3,869,541 Rexam P.L.C........................................ 1,689,266 10,794,874 432 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) Ricardo P.L.C...................................... 49,742 $ 500,790 Rightmove P.L.C.................................... 137,985 4,820,441 Rio Tinto P.L.C.................................... 110,323 4,847,921 # Rio Tinto P.L.C. Sponsored ADR..................... 934,161 41,224,525 RM P.L.C........................................... 27,965 65,581 Robert Walters P.L.C............................... 93,972 473,869 Rolls-Royce Holdings P.L.C......................... 913,655 12,206,453 Rotork P.L.C....................................... 146,896 5,077,975 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 573,434 6,227,493 # Royal Dutch Shell P.L.C.(B03MM73).................. 1,361,684 87,134,159 Royal Dutch Shell P.L.C.(B03MLX2).................. 11,949 364,153 Royal Dutch Shell P.L.C.(B03MM40).................. 62,822 1,988,942 # Royal Dutch Shell P.L.C. ADR....................... 559,021 34,351,840 Royal Mail P.L.C................................... 173,647 1,134,984 RPC Group P.L.C.................................... 605,154 4,926,156 RPS Group P.L.C.................................... 374,968 1,027,687 * RSA Insurance Group P.L.C.......................... 1,760,750 12,014,966 S&U P.L.C.......................................... 2,442 75,845 SABMiller P.L.C.................................... 158,354 8,624,943 Sage Group P.L.C. (The)............................ 1,641,179 11,831,025 * Salamander Energy P.L.C............................ 370,000 390,229 Savills P.L.C...................................... 285,102 3,128,714 Schroders P.L.C.(0239581).......................... 54,414 1,830,458 Schroders P.L.C.(0240549).......................... 102,399 4,449,809 * SDL P.L.C.......................................... 137,422 875,821 Senior P.L.C....................................... 1,037,979 4,822,184 Sepura P.L.C....................................... 12,081 27,278 Serco Group P.L.C.................................. 340,123 788,052 * Severfield P.L.C................................... 396,752 404,032 Severn Trent P.L.C................................. 256,913 8,317,493 Shanks Group P.L.C................................. 1,257,179 1,858,376 Shire P.L.C.(B39JBM7).............................. 28,006 6,140,596 Shire P.L.C.(B2QKY05).............................. 143,536 10,476,388 SIG P.L.C.......................................... 1,484,151 4,116,012 Sky P.L.C.......................................... 401,415 5,597,802 # Sky P.L.C. Sponsored ADR........................... 24,064 1,342,771 * Skyepharma P.L.C................................... 9,453 37,221 * Skyepharma P.L.C. Sponsored ADR.................... 80 309 Smith & Nephew P.L.C............................... 234,264 4,177,604 Smith & Nephew P.L.C. Sponsored ADR................ 114,828 4,110,825 Smiths Group P.L.C................................. 725,739 12,282,428 Soco International P.L.C........................... 516,172 2,026,782 Spectris P.L.C..................................... 347,136 10,908,459 Speedy Hire P.L.C.................................. 930,767 1,017,486 Spirax-Sarco Engineering P.L.C..................... 136,983 6,287,290 Spirent Communications P.L.C....................... 1,905,187 2,543,695 Spirent Communications P.L.C. ADR.................. 25,100 134,913 Spirit Pub Co. P.L.C............................... 1,395,484 2,415,160 * Sportech P.L.C..................................... 87,812 83,934 * Sports Direct International P.L.C.................. 365,609 3,899,188 SSE P.L.C.......................................... 718,369 17,383,552 St Ives P.L.C...................................... 71,194 191,292 St James's Place P.L.C............................. 922,028 11,862,674 433 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) ST Modwen Properties P.L.C......................... 391,762 $ 2,464,121 Stagecoach Group P.L.C............................. 800,133 4,119,117 Standard Chartered P.L.C........................... 994,693 13,264,119 Standard Life P.L.C................................ 1,946,013 11,757,504 Sthree P.L.C....................................... 80,079 406,999 Stobart Group, Ltd................................. 97,983 156,141 STV Group P.L.C.................................... 56,141 316,878 * SuperGroup P.L.C................................... 51,179 740,848 Synergy Health P.L.C............................... 132,043 4,307,615 Synthomer P.L.C.................................... 502,064 1,835,278 T Clarke P.L.C..................................... 26,802 31,726 # TalkTalk Telecom Group P.L.C....................... 1,018,433 4,864,055 Tarsus Group P.L.C................................. 4,986 15,701 Tate & Lyle P.L.C.................................. 1,174,572 11,979,365 Taylor Wimpey P.L.C................................ 5,623,200 11,423,890 Ted Baker P.L.C.................................... 25,250 900,126 Telecity Group P.L.C............................... 455,154 5,896,647 Telecom Plus P.L.C................................. 37,718 617,598 Tesco P.L.C........................................ 4,938,770 16,701,252 * Thomas Cook Group P.L.C............................ 3,959,874 7,603,171 #* Thorntons P.L.C.................................... 67,954 84,958 Topps Tiles P.L.C.................................. 111,989 203,098 Travis Perkins P.L.C............................... 459,401 13,256,592 Tribal Group P.L.C................................. 44,362 107,260 Trifast P.L.C...................................... 41,949 66,819 * Trinity Mirror P.L.C............................... 671,157 1,740,302 TT electronics P.L.C............................... 378,308 628,038 # TUI AG(5666292).................................... 561,525 9,874,420 * TUI AG(BSS7HQ3).................................... 321,350 5,556,520 Tullett Prebon P.L.C............................... 441,059 2,218,194 Tullow Oil P.L.C................................... 568,067 3,125,145 UBM P.L.C.......................................... 772,444 6,133,676 UDG Healthcare P.L.C............................... 391,783 2,310,772 UK Mail Group P.L.C................................ 12,676 100,966 Ultra Electronics Holdings P.L.C................... 159,432 4,188,217 Unilever P.L.C..................................... 63,316 2,788,058 Unilever P.L.C. Sponsored ADR...................... 227,311 9,994,865 UNITE Group P.L.C. (The)........................... 276,085 2,033,443 United Utilities Group P.L.C....................... 581,462 8,974,205 United Utilities Group P.L.C. ADR.................. 10,818 334,168 UTV Media P.L.C.................................... 121,424 349,275 * Vectura Group P.L.C................................ 563,795 1,282,783 Vedanta Resources P.L.C............................ 279,569 1,562,234 Vesuvius P.L.C..................................... 580,806 3,834,843 Victrex P.L.C...................................... 178,841 5,528,574 Vitec Group P.L.C. (The)........................... 22,541 209,355 Vodafone Group P.L.C............................... 330,941 1,163,745 Vodafone Group P.L.C. Sponsored ADR................ 1,203,073 42,263,945 #* Volex P.L.C........................................ 24,880 24,748 Vp P.L.C........................................... 13,881 125,411 Weir Group P.L.C. (The)............................ 333,165 8,399,703 WH Smith P.L.C..................................... 235,477 4,769,218 Whitbread P.L.C.................................... 183,357 13,762,927 434 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- --------------- UNITED KINGDOM -- (Continued) William Hill P.L.C............................... 2,305,701 $ 13,063,150 Wilmington Group P.L.C........................... 137,652 451,453 * Wincanton P.L.C.................................. 58,198 154,911 # WM Morrison Supermarkets P.L.C................... 5,867,686 15,831,737 Wolseley P.L.C................................... 252,227 14,620,358 # Wolseley P.L.C. ADR.............................. 53,693 309,274 WPP P.L.C........................................ 432,380 9,508,284 # WPP P.L.C. Sponsored ADR......................... 131,199 14,447,634 WS Atkins P.L.C.................................. 174,938 3,296,648 Xaar P.L.C....................................... 66,022 306,345 Xchanging P.L.C.................................. 464,492 1,094,540 # XP Power, Ltd.................................... 4,208 91,444 --------------- TOTAL UNITED KINGDOM................................. 2,328,424,030 --------------- UNITED STATES -- (0.0%) * Endo International P.L.C......................... 18,988 1,529,411 * Kofax, Ltd....................................... 4,911 33,574 --------------- TOTAL UNITED STATES.................................. 1,562,985 --------------- TOTAL COMMON STOCKS.................................. 12,315,185,217 --------------- PREFERRED STOCKS -- (0.0%) GERMANY -- (0.0%) Porsche Automobil Holding SE..................... 54,317 4,551,912 --------------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Centrebet International, Ltd. Claim Units........ 22,005 -- * Centrebet International, Ltd. Litigation Rights.. 22,005 -- --------------- TOTAL AUSTRALIA...................................... -- --------------- AUSTRIA -- (0.0%) #* Intercell AG Rights.............................. 29,444 -- --------------- FRANCE -- (0.0%) #* Euro Disney SCA.................................. 19,225 46,620 #* Euro Disney SCA Rights 05/06/15.................. 19,225 -- * Groupe Fnac Rights 05/16/15...................... 4 23 --------------- TOTAL FRANCE......................................... 46,643 --------------- HONG KONG -- (0.0%) * International Standard Resources Holdings, Ltd. Warrants 11/26/15.............................. 539,000 6,605 --------------- SINGAPORE -- (0.0%) * Global Yellow Pages, Ltd. Warrants 06/25/19...... 43,500 129 #* Interra Resources, Ltd. Warrants 12/08/15........ 48,300 571 * See Hup Seng, Ltd. Rights 01/21/15............... 88,512 5,038 --------------- TOTAL SINGAPORE...................................... 5,738 --------------- SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA... 114,482 58,214 435 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- --------------- SPAIN -- (Continued) * Banco Santander SA.......................... 4,603,531 $ 704,740 --------------- TOTAL SPAIN........................................ 762,954 --------------- TOTAL RIGHTS/WARRANTS.............................. 821,940 --------------- SECURITIES LENDING COLLATERAL -- (8.7%) (S)@ DFA Short Term Investment Fund.............. 101,323,989 1,172,318,558 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $12,916,626,226)^^....................... $13,492,877,627 =============== 436 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Australia............ $ 39,162,913 $ 736,737,424 -- $ 775,900,337 Austria.............. 57,117 49,000,501 -- 49,057,618 Belgium.............. 19,501,036 171,608,196 -- 191,109,232 Canada............... 1,067,742,666 1,502,966 -- 1,069,245,632 China................ -- 348,308 -- 348,308 Denmark.............. 8,928,532 171,135,657 -- 180,064,189 Finland.............. 3,051,897 199,499,460 -- 202,551,357 France............... 81,872,734 867,143,472 -- 949,016,206 Germany.............. 71,324,430 749,912,948 -- 821,237,378 Greece............... -- -- -- -- Hong Kong............ 1,213,523 377,710,837 -- 378,924,360 Ireland.............. 13,138,916 48,012,034 -- 61,150,950 Israel............... 35,783,966 47,424,882 -- 83,208,848 Italy................ 13,426,805 283,463,794 -- 296,890,599 Japan................ 112,799,175 2,558,521,903 -- 2,671,321,078 Jersey, Channel Islands............ 313,757 -- -- 313,757 Netherlands.......... 49,224,138 261,011,544 -- 310,235,682 New Zealand.......... 99,102 41,334,062 -- 41,433,164 Norway............... 14,683,786 94,276,062 -- 108,959,848 Portugal............. 275,909 34,706,914 -- 34,982,823 Russia............... -- 82,308 -- 82,308 Singapore............ 120,750 176,026,653 -- 176,147,403 Spain................ 31,499,943 290,325,778 -- 321,825,721 Sweden............... 7,686,608 377,274,938 -- 384,961,546 Switzerland.......... 132,412,254 743,817,604 -- 876,229,858 United Kingdom....... 648,192,761 1,680,231,269 -- 2,328,424,030 United States........ 1,529,411 33,574 -- 1,562,985 Preferred Stocks Germany.............. -- 4,551,912 -- 4,551,912 Rights/Warrants Australia............ -- -- -- -- Austria.............. -- -- -- -- France............... -- 46,643 -- 46,643 Hong Kong............ -- 6,605 -- 6,605 Singapore............ -- 5,738 -- 5,738 Spain................ -- 762,954 -- 762,954 Securities Lending Collateral............ -- 1,172,318,558 -- 1,172,318,558 -------------- --------------- -- --------------- TOTAL................... $2,354,042,129 $11,138,835,498 -- $13,492,877,627 ============== =============== == =============== 437 INTERNATIONAL SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ -------------- AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in The Continental Small Company Series of The DFA Investment Trust Company...................................... $2,940,398,860 Investment in The Japanese Small Company Series of The DFA Investment Trust Company...................................... 2,008,444,452 Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company.................................. 1,912,083,158 Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company...................................... 1,045,009,059 Investment in The Canadian Small Company Series of The DFA Investment Trust Company...................................... 710,642,278 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $7,949,784,266)...................................... 8,616,577,807 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $7,949,784,266)^^........ $8,616,577,807 ============== 438 INTERNATIONAL SMALL COMPANY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------- ------- -------------- Affiliated Investment Companies............ $8,616,577,807 -- -- $8,616,577,807 -------------- -- -- -------------- TOTAL................. $8,616,577,807 -- -- $8,616,577,807 ============== == == ============== 439 JAPANESE SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ ------------ AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Japanese Small Company Series of The DFA Investment Trust Company....................................... $494,667,336 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $486,080,104)^^....................................... $494,667,336 ============ Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 440 ASIA PACIFIC SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ ------------ AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company....................................... $266,665,959 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $295,703,009)^^....................................... $266,665,959 ============ Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 441 UNITED KINGDOM SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ ----------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company........................................ $31,328,670 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $20,847,126)^^......................................... $31,328,670 =========== Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 442 CONTINENTAL SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ ------------ AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Continental Small Company Series of The DFA Investment Trust Company....................................... $173,806,073 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $151,735,593)^^....................................... $173,806,073 ============ Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 443 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ---------- ------------ COMMON STOCKS -- (94.4%) AUSTRALIA -- (18.8%) 360 Capital Industrial Fund........................ 127,275 $ 269,197 Abacus Property Group.............................. 2,708,259 6,409,172 # ALE Property Group................................. 1,106,268 2,958,581 # Aspen Group........................................ 732,012 707,413 # Astro Japan Property Group......................... 355,361 1,382,044 # BWP Trust.......................................... 4,437,267 9,808,603 # Carindale Property Trust........................... 99,428 519,238 Charter Hall Group................................. 2,266,874 8,495,258 * Charter Hall Office................................ 2,059,687 -- # Charter Hall Retail REIT........................... 2,859,987 9,728,478 # Cromwell Property Group............................ 10,045,114 8,271,754 # Dexus Property Group............................... 7,756,672 46,323,398 Federation Centres................................. 12,347,359 28,960,593 # Folkestone Education Trust......................... 913,822 1,421,904 Galileo Japan Trust................................ 85,441 118,387 Generation Healthcare REIT......................... 9,491 11,436 # Goodman Group...................................... 14,414,251 68,332,772 * GPT Group.......................................... 38,018,670 -- GPT Group (The).................................... 14,785,235 51,839,990 Growthpoint Properties Australia, Ltd.............. 535,044 1,194,024 # Ingenia Communities Group.......................... 5,923,723 1,910,192 Investa Office Fund................................ 5,314,097 15,892,718 Novion Property Group.............................. 18,242,361 32,733,876 * Prime Retirement & Aged Care Property Trust........ 116,309 -- * Scentre Group...................................... 43,729,109 128,488,218 # Shopping Centres Australasia Property Group........ 5,919,425 8,857,727 Stockland.......................................... 19,489,848 66,101,559 #* Westfield Corp..................................... 17,021,992 129,846,514 ------------ TOTAL AUSTRALIA........................................ 630,583,046 ------------ BELGIUM -- (1.5%) Aedifica SA........................................ 70,149 4,693,494 Befimmo SA......................................... 163,885 12,509,795 Cofinimmo SA....................................... 157,465 19,251,831 Intervest Offices & Warehouses NV.................. 51,941 1,356,847 Leasinvest Real Estate SCA......................... 13,586 1,428,524 Montea SCA......................................... 3,117 130,730 Retail Estates NV.................................. 19,337 1,583,882 Warehouses De Pauw SCA............................. 103,628 7,965,552 Wereldhave Belgium NV.............................. 12,798 1,470,394 ------------ TOTAL BELGIUM.......................................... 50,391,049 ------------ CANADA -- (5.0%) # Allied Properties REIT............................. 315,915 9,944,597 # Artis REIT......................................... 606,053 7,416,482 # Boardwalk REIT..................................... 200,900 9,696,385 # Brookfield Canada Office Properties................ 61,895 1,407,701 BTB REIT........................................... 143,087 533,747 Calloway REIT...................................... 501,246 12,516,358 # Canadian Apartment Properties REIT................. 469,055 10,509,165 Canadian REIT...................................... 307,216 11,658,106 444 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CANADA -- (Continued) # Chartwell Retirement Residences.................... 303,787 $ 3,021,852 # Cominar REIT....................................... 615,284 9,398,491 # Crombie REIT....................................... 347,182 3,680,288 Dream Global REIT.................................. 342,949 2,415,514 # Dream Office REIT.................................. 471,704 10,082,223 # Granite REIT....................................... 186,555 6,547,850 H&R REIT........................................... 1,141,829 21,943,393 InnVest REIT....................................... 489,572 2,407,984 InterRent REIT..................................... 128,390 640,586 Morguard North American Residential REIT........... 98,669 811,435 # Morguard REIT...................................... 242,723 3,526,140 Northern Property REIT............................. 169,160 3,281,494 # NorthWest Healthcare Properties REIT............... 212,645 1,546,266 # Partners REIT...................................... 104,000 305,281 # Plaza Retail REIT.................................. 53,917 179,482 # Pure Industrial Real Estate Trust.................. 969,004 3,690,863 Retrocom REIT...................................... 393,280 1,237,995 # RioCan REIT........................................ 1,284,499 29,759,700 ------------ TOTAL CANADA........................................... 168,159,378 ------------ CHINA -- (0.2%) * RREEF China Commercial Trust....................... 1,392,000 2,873 # Yuexiu REIT........................................ 9,890,000 5,216,759 ------------ TOTAL CHINA............................................ 5,219,632 ------------ FRANCE -- (5.2%) # Acanthe Developpement SA........................... 206,670 83,933 Affine SA.......................................... 51,501 1,073,723 Altarea SCA........................................ 1,092 185,862 # ANF Immobilier..................................... 47,753 1,227,191 Argan SA........................................... 8,285 186,789 Cegereal........................................... 15,742 503,935 Fonciere Des Regions............................... 249,276 25,534,856 Gecina SA.......................................... 225,471 29,544,119 ICADE.............................................. 335,700 29,301,147 Klepierre.......................................... 1,583,015 74,493,286 Mercialys SA....................................... 503,482 12,186,142 Terreis............................................ 1,329 42,089 ------------ TOTAL FRANCE........................................... 174,363,072 ------------ GERMANY -- (0.4%) Alstria Office REIT-AG............................. 659,716 8,441,575 * DO Deutsche Office AG.............................. 114,387 460,425 # Hamborner REIT AG.................................. 435,092 4,500,777 ------------ TOTAL GERMANY.......................................... 13,402,777 ------------ GREECE -- (0.0%) Grivalia Properties Real Estate Investment Co...... 96,660 861,004 ------------ HONG KONG -- (4.8%) Champion REIT...................................... 23,774,012 11,643,047 # Fortune REIT....................................... 8,119,000 9,092,490 445 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) Link REIT (The).................................... 19,178,805 $130,356,544 Prosperity REIT.................................... 10,116,000 3,750,047 # Regal REIT......................................... 8,053,000 2,272,682 Sunlight REIT...................................... 9,035,000 4,564,342 ------------ TOTAL HONG KONG........................................ 161,679,152 ------------ ISRAEL -- (0.2%) # Alony Hetz Properties & Investments, Ltd........... 658,234 4,647,001 # Reit 1, Ltd........................................ 1,158,057 2,860,280 Sella Capital Real Estate, Ltd..................... 271,238 402,139 ------------ TOTAL ISRAEL........................................... 7,909,420 ------------ ITALY -- (0.3%) # Beni Stabili SpA................................... 11,376,099 8,499,706 Immobiliare Grande Distribuzione................... 3,421,845 2,812,297 ------------ TOTAL ITALY............................................ 11,312,003 ------------ JAPAN -- (17.6%) # Advance Residence Investment Corp.................. 10,946 28,030,334 Comforia Residential REIT, Inc..................... 1,410 3,079,025 Daiwa House REIT Investment Corp................... 874 4,236,464 # Daiwa House Residential Investment Corp............ 3,050 14,321,688 # Daiwa Office Investment Corp....................... 2,690 15,605,655 Frontier Real Estate Investment Corp............... 4,210 19,191,748 Fukuoka REIT Corp.................................. 5,418 10,927,218 # Global One Real Estate Investment Corp............. 1,678 6,959,762 GLP J-Reit......................................... 6,369 7,234,371 # Hankyu Reit, Inc................................... 4,545 5,906,598 # Heiwa Real Estate REIT, Inc........................ 7,135 5,934,898 # Ichigo Real Estate Investment Corp................. 6,422 5,035,981 # Industrial & Infrastructure Fund Investment Corp... 2,687 13,568,634 # Invincible Investment Corp......................... 11,979 5,341,007 Japan Excellent, Inc............................... 10,112 12,968,918 # Japan Hotel REIT Investment Corp................... 25,321 16,686,672 # Japan Logistics Fund, Inc.......................... 7,807 16,723,347 Japan Prime Realty Investment Corp................. 6,676 23,319,437 Japan Real Estate Investment Corp.................. 10,418 50,614,748 # Japan Rental Housing Investments, Inc.............. 9,297 7,390,298 Japan Retail Fund Investment Corp.................. 19,913 43,133,450 Kenedix Office Investment Corp..................... 3,639 21,610,180 Kenedix Residential Investment Corp................ 2,423 7,020,518 MID Reit, Inc...................................... 1,789 4,575,909 # Mori Hills REIT Investment Corp.................... 12,444 17,593,013 Mori Trust Sogo Reit, Inc.......................... 10,062 20,933,718 Nippon Accommodations Fund, Inc.................... 4,087 16,876,571 # Nippon Building Fund, Inc.......................... 11,737 57,751,875 Nomura Real Estate Master Fund, Inc................ 4,203 5,268,896 Nomura Real Estate Office Fund, Inc................ 3,393 17,338,558 # Nomura Real Estate Residential Fund, Inc........... 1,291 7,486,663 # Orix JREIT, Inc.................................... 17,680 26,493,503 Premier Investment Corp............................ 1,990 10,652,369 # Sekisui House SI Residential Investment Corp....... 8,305 9,376,255 446 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ JAPAN -- (Continued) Starts Proceed Investment Corp..................... 684 $ 1,265,478 # Tokyu REIT, Inc.................................... 8,241 10,920,965 Top REIT, Inc...................................... 1,562 6,701,782 # United Urban Investment Corp....................... 21,096 33,769,740 ------------ TOTAL JAPAN............................................ 591,846,246 ------------ MALAYSIA -- (0.6%) Amanahraya REIT.................................... 609,800 146,243 AmFirst REIT....................................... 1,788,940 463,457 Axis REIT.......................................... 2,486,025 2,454,598 Boustead Plantations Bhd........................... 270,800 106,384 CapitaMalls Malaysia Trust......................... 8,952,500 3,554,821 Hektar REIT........................................ 125,525 52,345 IGB REIT........................................... 6,985,300 2,557,740 KLCCP Stapled Group................................ 3,271,900 6,218,449 Quill Capita Trust................................. 733,100 258,738 Sunway REIT........................................ 11,205,300 4,786,662 Tower REIT......................................... 434,900 155,791 YTL Hospitality REIT............................... 4,316,800 1,224,666 ------------ TOTAL MALAYSIA......................................... 21,979,894 ------------ MEXICO -- (1.9%) Asesor de Activos Prisma SAPI de C.V............... 2,794,567 3,005,332 Concentradora Fibra Hotelera Mexicana S.A. de C.V.. 1,231,651 1,622,810 Fibra Uno Administracion S.A. de C.V............... 14,564,557 43,918,608 # Mexico Real Estate Management S.A. de C.V.......... 5,407,965 8,900,530 TF Administradora Industrial S de RL de C.V........ 2,486,094 5,315,675 ------------ TOTAL MEXICO........................................... 62,762,955 ------------ NETHERLANDS -- (8.2%) Eurocommercial Properties NV....................... 318,445 14,173,649 NSI NV............................................. 654,669 2,930,611 Unibail-Rodamco SE................................. 805,966 227,007,431 Vastned Retail NV.................................. 184,710 9,157,678 # Wereldhave NV...................................... 308,540 22,199,579 ------------ TOTAL NETHERLANDS...................................... 275,468,948 ------------ NEW ZEALAND -- (0.7%) # Argosy Property, Ltd............................... 4,989,994 4,119,168 # DNZ Property Fund, Ltd............................. 831,159 1,178,453 # Goodman Property Trust............................. 6,743,414 5,781,971 Kiwi Property Group, Ltd........................... 7,180,252 6,895,670 NPT, Ltd........................................... 45,944 20,708 Precinct Properties New Zealand, Ltd............... 2,134,850 1,922,191 # Property for Industry, Ltd......................... 1,016,929 1,163,529 # Vital Healthcare Property Trust.................... 1,447,726 1,719,051 ------------ TOTAL NEW ZEALAND...................................... 22,800,741 ------------ SINGAPORE -- (7.0%) AIMS AMP Capital Industrial REIT................... 4,010,191 4,355,904 Ascendas Hospitality Trust......................... 672,000 339,946 Ascendas India Trust............................... 2,943,000 1,859,270 447 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SINGAPORE -- (Continued) Ascendas REIT...................................... 17,145,000 $ 31,136,767 # Ascott Residence Trust............................. 7,464,900 6,970,063 Cache Logistics Trust.............................. 6,261,400 5,477,882 Cambridge Industrial Trust......................... 10,527,231 5,290,766 CapitaCommercial Trust............................. 17,525,000 22,913,510 CapitaMall Trust................................... 20,251,300 31,240,280 CapitaRetail China Trust........................... 4,946,180 6,258,534 CDL Hospitality Trusts............................. 5,905,000 7,846,352 # Far East Hospitality Trust......................... 1,972,000 1,231,194 # First REIT......................................... 3,964,000 3,852,133 Frasers Centrepoint Trust.......................... 4,925,000 7,519,923 Frasers Commercial Trust........................... 4,601,800 5,042,485 Keppel REIT........................................ 14,168,026 12,922,113 # Lippo Malls Indonesia Retail Trust................. 11,861,000 3,108,673 Mapletree Commercial Trust......................... 10,905,353 12,211,867 # Mapletree Industrial Trust......................... 9,887,999 11,167,467 Mapletree Logistics Trust.......................... 13,108,670 11,616,357 # Parkway Life REIT.................................. 2,795,700 5,023,721 # Sabana Shari'ah Compliant Industrial REIT.......... 3,561,326 2,410,566 Saizen REIT........................................ 1,705,600 1,096,248 # Starhill Global REIT............................... 12,555,500 7,700,871 # Suntec REIT........................................ 19,871,000 27,567,619 ------------ TOTAL SINGAPORE........................................ 236,160,511 ------------ SOUTH AFRICA -- (4.2%) Acucap Properties, Ltd............................. 1,598,288 7,656,886 Arrowhead Properties, Ltd. Class A................. 303,379 258,036 Arrowhead Properties, Ltd. Class B................. 303,379 258,110 * Capital Property Fund.............................. 12,610,820 16,058,401 Emira Property Fund................................ 4,899,905 8,104,138 Fountainhead Property Trust........................ 7,183,721 5,670,911 Growthpoint Properties, Ltd........................ 17,105,272 42,946,796 Hyprop Investments, Ltd............................ 1,153,910 10,461,717 Investec Property Fund, Ltd........................ 272,532 414,717 Octodec Investments, Ltd........................... 18,104 42,922 # Rebosis Property Fund, Ltd......................... 1,124,208 1,240,434 Redefine Properties, Ltd........................... 22,855,376 22,316,278 # Resilient Property Income Fund, Ltd................ 1,780,527 13,446,538 SA Corporate Real Estate Fund Nominees Pty, Ltd.... 14,573,261 6,519,908 Vukile Property Fund, Ltd.......................... 2,610,591 4,417,479 ------------ TOTAL SOUTH AFRICA..................................... 139,813,271 ------------ TAIWAN -- (0.4%) Cathay No. 1 REIT.................................. 9,899,000 5,654,239 Cathay No. 2 REIT.................................. 3,987,000 1,970,765 Fubon No. 1 REIT................................... 1,271,000 643,320 Fubon No. 2 REIT................................... 3,968,000 1,620,183 Gallop No. 1 REIT.................................. 3,149,000 1,901,061 448 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- TAIWAN -- (Continued) Shin Kong No.1 REIT............................ 4,652,000 $ 1,928,739 -------------- TOTAL TAIWAN......................................... 13,718,307 -------------- TURKEY -- (1.0%) * Akfen Gayrimenkul Yatirim Ortakligi A.S........ 339,253 257,135 Akmerkez Gayrimenkul Yatirim Ortakligi A.S..... -- 1 # Alarko Gayrimenkul Yatirim Ortakligi A.S....... 51,842 451,264 #* Dogus Gayrimenkul Yatirim Ortakligi A.S........ 655,107 1,286,065 # Emlak Konut Gayrimenkul Yatirim Ortakligi A.S........................................... 17,150,766 22,396,020 # Is Gayrimenkul Yatirim Ortakligi A.S........... 3,227,637 2,392,753 * Nurol Gayrimenkul Yatirim Ortakligi A.S........ 49,067 86,547 Saf Gayrimenkul Yatirim Ortakligi A.S.......... 2,591,051 1,223,436 #* Sinpas Gayrimenkul Yatirim Ortakligi A.S....... 2,954,462 986,919 # Torunlar Gayrimenkul Yatirim Ortakligi A.S..... 1,374,865 2,238,864 # Vakif Gayrimenkul Yatirim Ortakligi A.S........ 1,073,681 1,317,130 -------------- TOTAL TURKEY......................................... 32,636,134 -------------- UNITED KINGDOM -- (16.4%) Assura P.L.C................................... 1,144,198 939,249 Big Yellow Group P.L.C......................... 1,156,124 10,615,271 British Land Co. P.L.C. (The).................. 8,440,345 105,182,855 Derwent London P.L.C........................... 829,387 40,529,098 Great Portland Estates P.L.C................... 2,924,197 34,493,652 Hammerson P.L.C................................ 6,674,928 69,070,779 Hansteen Holdings P.L.C........................ 5,878,931 9,982,597 Intu Properties P.L.C.......................... 7,892,810 43,316,396 Land Securities Group P.L.C.................... 6,874,756 131,761,397 Londonmetric Property P.L.C.................... 5,088,914 12,224,555 McKay Securities P.L.C......................... 294,416 1,017,581 Mucklow A & J Group P.L.C...................... 303,097 2,134,601 Primary Health Properties P.L.C................ 680,672 3,850,720 Redefine International P.L.C................... 2,466,562 2,019,813 Safestore Holdings P.L.C....................... 1,639,945 6,668,360 Segro P.L.C.................................... 6,311,843 39,086,972 Shaftesbury P.L.C.............................. 2,361,036 27,616,620 Town Centre Securities P.L.C................... 15,932 66,037 Workspace Group P.L.C.......................... 946,632 11,218,333 -------------- TOTAL UNITED KINGDOM................................. 551,794,886 -------------- TOTAL COMMON STOCKS.................................. 3,172,862,426 -------------- RIGHTS/WARRANTS -- (0.0%) BELGIUM -- (0.0%) * Wereldhave Belgium NV.......................... 12,674 30,806 -------------- SECURITIES LENDING COLLATERAL -- (5.6%) (S)@ DFA Short Term Investment Fund................. 16,375,029 189,459,083 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,911,664,641)^^............................. $3,362,352,315 ============== 449 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia................ -- $ 630,583,046 -- $ 630,583,046 Belgium.................. -- 50,391,049 -- 50,391,049 Canada................... $168,159,378 -- -- 168,159,378 China.................... -- 5,219,632 -- 5,219,632 France................... -- 174,363,072 -- 174,363,072 Germany.................. -- 13,402,777 -- 13,402,777 Greece................... -- 861,004 -- 861,004 Hong Kong................ -- 161,679,152 -- 161,679,152 Israel................... -- 7,909,420 -- 7,909,420 Italy.................... -- 11,312,003 -- 11,312,003 Japan.................... -- 591,846,246 -- 591,846,246 Malaysia................. -- 21,979,894 -- 21,979,894 Mexico................... 62,762,955 -- -- 62,762,955 Netherlands.............. -- 275,468,948 -- 275,468,948 New Zealand.............. 6,895,670 15,905,071 -- 22,800,741 Singapore................ -- 236,160,511 -- 236,160,511 South Africa............. -- 139,813,271 -- 139,813,271 Taiwan................... -- 13,718,307 -- 13,718,307 Turkey................... -- 32,636,134 -- 32,636,134 United Kingdom........... -- 551,794,886 -- 551,794,886 Rights/Warrants Belgium.................. -- 30,806 -- 30,806 Securities Lending Collateral................ -- 189,459,083 -- 189,459,083 ------------ -------------- -- -------------- TOTAL....................... $237,818,003 $3,124,534,312 -- $3,362,352,315 ============ ============== == ============== 450 DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ----------- -------------- AFFILIATED INVESTMENT COMPANIES -- (99.8%) Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc............................................. 66,307,517 $2,343,970,720 Investment in DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc............................ 246,892,099 1,343,093,019 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $2,851,686,002).............. 3,687,063,739 -------------- TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional Liquid Reserves, 0.089% (Cost $6,017,052)........................ 6,017,052 6,017,052 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,857,703,054)^^...................... $3,693,080,791 ============== 451 DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------- ------- -------------- Affiliated Investment Companies.. $3,687,063,739 -- -- $3,687,063,739 Temporary Cash Investments....... 6,017,052 -- -- 6,017,052 -------------- -- -- -------------- TOTAL............................ $3,693,080,791 -- -- $3,693,080,791 ============== == == ============== 452 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ---------- ----------- COMMON STOCKS -- (92.5%) AUSTRALIA -- (4.5%) * Aditya Birla Minerals, Ltd......................... 3,093,148 $ 479,368 * AED Oil, Ltd....................................... 992,337 -- #* AJ Lucas Group, Ltd................................ 584,687 165,666 Amalgamated Holdings, Ltd.......................... 1,792,043 16,367,173 Amcom Telecommunications, Ltd...................... 6,037 13,374 AP Eagers, Ltd..................................... 418,637 2,014,095 * APN News & Media, Ltd.............................. 13,243,119 8,331,001 #* Aquarius Platinum, Ltd............................. 2,700,506 578,985 Arrium, Ltd........................................ 50,261,926 7,932,053 * ASG Group, Ltd..................................... 311,883 159,732 # Atlas Iron, Ltd.................................... 16,726,523 2,185,805 # Ausdrill, Ltd...................................... 4,048,918 1,174,894 * Ausenco, Ltd....................................... 66,477 21,357 * Austal, Ltd........................................ 1,025,670 1,231,679 #* Australian Agricultural Co., Ltd................... 10,083,640 12,521,052 Australian Pharmaceutical Industries, Ltd.......... 6,568,489 4,643,108 Australian Vintage, Ltd............................ 29,777 10,406 Aveo Group......................................... 1 1 AVJennings, Ltd.................................... 40,111 17,703 * AWE, Ltd........................................... 9,864,655 10,242,017 Beach Energy, Ltd.................................. 23,860,593 17,763,903 * Billabong International, Ltd....................... 9,560,468 4,766,308 * BlueScope Steel, Ltd............................... 7,212,176 27,939,974 #* Boart Longyear, Ltd................................ 3,378,110 428,280 * Boom Logistics, Ltd................................ 4,516,879 457,472 # Bradken, Ltd....................................... 2,265,632 4,778,365 # Breville Group, Ltd................................ 1,137,945 6,383,194 # Brickworks, Ltd.................................... 467,068 4,402,940 Cape Lambert Resources, Ltd........................ 7,444,989 446,077 # Cardno, Ltd........................................ 215,860 492,999 * Carnarvon Petroleum, Ltd........................... 449,972 48,896 * CDS Technologies, Ltd.............................. 15,209 -- * Citigold Corp., Ltd................................ 9,623,450 148,346 * Coal of Africa, Ltd................................ 926,247 25,296 * Cockatoo Coal, Ltd................................. 2,898,176 31,587 * Coffey International, Ltd.......................... 1,029,250 211,751 Collection House, Ltd.............................. 25,620 41,514 # Collins Foods, Ltd................................. 32,723 64,409 * Cooper Energy, Ltd................................. 2,468,890 468,120 Coventry Group, Ltd................................ 578,498 1,079,229 CSG, Ltd........................................... 305,704 284,821 CSR, Ltd........................................... 9,485,346 29,299,846 Decmil Group, Ltd.................................. 958,025 929,577 * Devine, Ltd........................................ 1,483,785 1,072,379 Downer EDI, Ltd.................................... 7,304,884 23,718,379 * Drillsearch Energy, Ltd............................ 188,034 113,316 Echo Entertainment Group, Ltd...................... 5,216,947 16,300,729 * Elders, Ltd........................................ 930,182 2,379,821 #* Emeco Holdings, Ltd................................ 11,367,540 1,060,805 #* Energy Resources of Australia, Ltd................. 2,966,108 3,011,191 * Energy World Corp., Ltd............................ 871,929 198,690 453 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- AUSTRALIA -- (Continued) * Eservglobal, Ltd................................... 205,010 $ 78,246 # Evolution Mining, Ltd.............................. 4,614,555 3,320,389 Fairfax Media, Ltd................................. 34,237,737 23,816,663 # Fleetwood Corp., Ltd............................... 434,757 493,627 * Focus Minerals, Ltd................................ 3,332,343 26,134 Gazal Corp., Ltd................................... 5,360 11,407 #* Geodynamics, Ltd................................... 168,462 4,706 Goodman Fielder, Ltd............................... 37,803,693 18,762,848 # GrainCorp, Ltd. Class A............................ 2,498,288 17,244,586 # Grange Resources, Ltd.............................. 2,889,445 224,304 * Gunns, Ltd......................................... 15,419,758 -- HFA Holdings, Ltd.................................. 153,930 185,330 #* Hillgrove Resources, Ltd........................... 1,317,944 387,940 # Hills, Ltd......................................... 2,912,576 2,444,060 #* Imdex, Ltd......................................... 651,633 149,577 * Infigen Energy..................................... 3,909,184 757,249 K&S Corp., Ltd..................................... 163,153 164,843 #* Kingsgate Consolidated, Ltd........................ 2,808,414 1,727,216 * Lednium, Ltd....................................... 438,495 -- * Lemarne Corp., Ltd................................. 5,585 1,935 #* Lonestar Resources, Ltd............................ 1,221,060 180,396 MACA, Ltd.......................................... 346,948 221,544 * Macmahon Holdings, Ltd............................. 12,556,459 554,205 Macquarie Telecom Group, Ltd....................... 4,996 19,514 * Matrix Composites & Engineering, Ltd............... 21,737 9,956 * Maverick Drilling & Exploration, Ltd............... 222,596 26,569 MaxiTRANS Industries, Ltd.......................... 4,380,537 1,739,454 McPherson's, Ltd................................... 1,553,082 1,434,529 #* Medusa Mining, Ltd................................. 2,310,310 1,525,358 Melbourne IT, Ltd.................................. 31,266 33,364 * MEO Australia, Ltd................................. 1,258,809 14,651 # Metals X, Ltd...................................... 213,339 182,191 # Metcash, Ltd....................................... 4,575,393 5,165,080 Mincor Resources NL................................ 2,637,059 1,477,093 #* Mineral Deposits, Ltd.............................. 701,865 469,062 # MMA Offshore, Ltd.................................. 4,209,781 2,601,764 #* Molopo Energy, Ltd................................. 1,648,921 179,249 # Mount Gibson Iron, Ltd............................. 12,143,631 1,999,954 # Myer Holdings, Ltd................................. 6,093,686 7,340,045 New Hope Corp., Ltd................................ 94,243 171,708 #* Newsat, Ltd........................................ 188,485 14,750 * Nexus Energy, Ltd.................................. 22,310,822 -- * Northern Iron, Ltd................................. 115,112 2,420 # NRW Holdings, Ltd.................................. 4,443,235 978,868 Nufarm, Ltd........................................ 3,019,046 13,266,356 * OM Holdings, Ltd................................... 323,217 80,829 * Otto Energy, Ltd................................... 1,354,768 101,774 OZ Minerals, Ltd................................... 4,939,977 14,756,072 # Pacific Brands, Ltd................................ 25,649,033 9,729,533 #* Paladin Energy, Ltd................................ 18,124,195 5,299,638 PanAust, Ltd....................................... 881,840 823,192 # Panoramic Resources, Ltd........................... 4,321,855 1,512,502 * PaperlinX, Ltd..................................... 5,979,096 181,413 454 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- AUSTRALIA -- (Continued) #* Perseus Mining, Ltd................................ 2,993,122 $ 854,289 #* Platinum Australia, Ltd............................ 1,963,690 9,172 * PMP, Ltd........................................... 6,456,626 2,025,250 Premier Investments, Ltd........................... 1,553,481 12,343,707 # Primary Health Care, Ltd........................... 10,511,594 37,647,498 Prime Media Group, Ltd............................. 1,405,549 879,486 # Programmed Maintenance Services, Ltd............... 1,923,696 3,240,242 * Qantas Airways, Ltd................................ 1,744,057 3,514,400 #* Ramelius Resources, Ltd............................ 1,465,829 157,227 RCR Tomlinson, Ltd................................. 290,252 463,069 * Regional Express Holdings, Ltd..................... 21,861 18,001 #* Resolute Mining, Ltd............................... 8,684,121 2,605,949 * Resource Generation, Ltd........................... 70,087 5,458 Ridley Corp., Ltd.................................. 8,052,689 5,693,169 #* Saracen Mineral Holdings, Ltd...................... 3,011,577 875,049 # Sedgman, Ltd....................................... 23,374 9,475 # Select Harvests, Ltd............................... 277,431 1,424,428 #* Senex Energy, Ltd.................................. 847,304 180,894 * Service Stream, Ltd................................ 3,365,093 535,663 # Seven Group Holdings, Ltd.......................... 1,254,189 4,971,102 Seven West Media, Ltd.............................. 11,880,403 12,042,037 # Sigma Pharmaceuticals, Ltd......................... 13,570,604 8,421,374 #* Silver Lake Resources, Ltd......................... 3,302,474 603,284 Sims Metal Management, Ltd......................... 9,746 81,993 Skilled Group, Ltd................................. 693,324 700,508 # Southern Cross Media Group, Ltd.................... 10,376,732 8,442,823 #* St Barbara, Ltd.................................... 1,193,429 199,430 # STW Communications Group, Ltd...................... 5,259,232 3,740,570 * Sundance Energy Australia, Ltd..................... 500,635 180,251 # Sunland Group, Ltd................................. 5,108,129 6,759,977 Swick Mining Services, Ltd......................... 440,732 64,352 * Tap Oil, Ltd....................................... 5,076,579 1,481,201 Tassal Group, Ltd.................................. 1,554,815 4,541,025 #* Ten Network Holdings, Ltd.......................... 19,610,197 3,028,529 # TFS Corp., Ltd..................................... 1,089,179 1,240,898 * Tiger Resources, Ltd............................... 491,065 18,510 #* Toro Energy, Ltd................................... 2,101,506 135,173 * Transfield Services, Ltd........................... 7,167,831 7,848,364 # Transpacific Industries Group, Ltd................. 26,000,355 16,633,182 Treasury Wine Estates, Ltd......................... 770,130 2,927,902 #* Troy Resources, Ltd................................ 1,701,245 758,730 # UGL, Ltd........................................... 2,505,378 3,478,310 # UXC, Ltd........................................... 4,632,797 2,677,671 Villa World, Ltd................................... 33,059 53,872 # Village Roadshow, Ltd.............................. 3,063,352 14,450,828 #* Virgin Australia Holdings, Ltd..................... 31,418,749 11,462,547 * Virgin Australia Holdings, Ltd. (ACI01NXR8)........ 39,419,376 -- Watpac, Ltd........................................ 1,830,521 1,150,138 # WDS, Ltd........................................... 547,686 72,254 #* Whitehaven Coal, Ltd............................... 7,082,558 6,762,225 455 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ AUSTRALIA -- (Continued) WorleyParsons, Ltd................................. 218,437 $ 1,625,178 ------------ TOTAL AUSTRALIA........................................ 557,368,440 ------------ AUSTRIA -- (0.6%) #* A-TEC Industries AG................................ 202,339 -- # Agrana Beteiligungs AG............................. 90,580 7,161,619 AMAG Austria Metall AG............................. 739 23,137 Austria Technologie & Systemtechnik AG............. 322,965 4,188,164 # Flughafen Wien AG.................................. 35,785 3,110,144 Frauenthal Holding AG.............................. 2,987 28,661 Lenzing AG......................................... 4,220 273,692 Linz Textil Holding AG............................. 212 88,820 Mayr Melnhof Karton AG............................. 46,827 4,833,036 Oberbank AG........................................ 38,278 2,194,976 POLYTEC Holding AG................................. 35,871 275,366 Strabag SE......................................... 343,097 7,602,789 UNIQA Insurance Group AG........................... 409,140 3,463,018 Wienerberger AG.................................... 2,908,213 41,094,054 * Wolford AG......................................... 2,273 54,703 Zumtobel Group AG.................................. 21,110 484,381 ------------ TOTAL AUSTRIA.......................................... 74,876,560 ------------ BELGIUM -- (0.9%) Ackermans & van Haaren NV.......................... 25,536 3,035,006 #* AGFA-Gevaert NV.................................... 4,324,933 10,102,256 # Banque Nationale de Belgique....................... 4,474 17,647,995 # Barco NV........................................... 28,514 1,835,159 Cie d'Entreprises CFE.............................. 4,707 448,200 Cie Immobiliere de Belgique SA..................... 43,910 2,365,225 Cie Maritime Belge SA.............................. 154,676 2,421,597 D'ieteren SA....................................... 273,915 8,844,745 Deceuninck NV...................................... 1,282,481 2,652,582 * Euronav NV......................................... 386,623 4,532,968 * Floridienne SA..................................... 598 51,008 Gimv NV............................................ 10,968 496,241 # Jensen-Group NV.................................... 37,274 746,188 # NV Bekaert SA...................................... 476,659 14,385,968 #* Nyrstar NV......................................... 5,040,845 18,951,472 * Papeteries Catala SA............................... 188 -- * RealDolmen NV/SA................................... 23,303 486,126 Recticel SA........................................ 472,363 2,727,971 * RHJ International SA............................... 107,182 562,926 * Roularta Media Group NV............................ 26,889 327,353 * Sapec.............................................. 1,326 42,337 Sioen Industries NV................................ 108,546 1,568,092 Sipef SA........................................... 9,580 560,399 #* Tessenderlo Chemie NV.............................. 568,446 14,712,845 * Viohalco SA........................................ 147,410 371,292 ------------ TOTAL BELGIUM.......................................... 109,875,951 ------------ CANADA -- (7.4%) * 5N Plus, Inc....................................... 449,045 805,715 456 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CANADA -- (Continued) # Acadian Timber Corp................................ 2,826 $ 35,205 * Advantage Oil & Gas, Ltd........................... 4,681,437 19,636,467 Aecon Group, Inc................................... 1,113,360 8,586,549 # AGF Management, Ltd. Class B....................... 1,315,829 7,455,709 * AgJunction, Inc.................................... 895,427 387,570 AGT Food & Ingredient, Inc......................... 153,192 3,381,629 Aimia, Inc......................................... 606,585 6,506,456 * Ainsworth Lumber Co, Ltd........................... 639,841 1,832,865 Akita Drilling, Ltd. Class A....................... 10,400 84,709 # Alacer Gold Corp................................... 3,302,375 7,744,611 Alamos Gold, Inc................................... 182,541 973,973 #* Alexco Resource Corp............................... 59,320 31,278 # Algoma Central Corp................................ 245,010 3,146,741 #* Altius Minerals Corp............................... 82,148 897,312 #* Alvopetro Energy, Ltd.............................. 176,555 46,546 * Amerigo Resources, Ltd............................. 2,479,537 468,316 #* Anderson Energy, Inc............................... 2,466,129 174,669 Andrew Peller, Ltd. Class A........................ 11,608 138,214 #* Argonaut Gold, Inc................................. 1,193,910 2,330,130 #* Artek Exploration, Ltd............................. 411,419 427,381 * ATS Automation Tooling Systems, Inc................ 1,715,184 19,572,022 # AuRico Gold, Inc................................... 2,194,943 8,654,021 Axia NetMedia Corp................................. 33,058 82,730 #* B2Gold Corp........................................ 9,794,735 19,270,353 #* Ballard Power Systems, Inc......................... 1,923,695 3,012,633 #* Banro Corp......................................... 595,453 84,348 #* Bellatrix Exploration, Ltd......................... 2,409,041 4,872,303 * Birchcliff Energy, Ltd............................. 63,300 338,742 #* BlackPearl Resources, Inc.......................... 2,074,885 1,502,238 # Bonavista Energy Corp.............................. 564,514 2,665,526 Boralex, Inc. Class A.............................. 650,698 6,969,387 # Calvalley Petroleum, Inc. Class A.................. 175,110 117,135 Canaccord Genuity Group, Inc....................... 1,881,119 9,444,825 #* Canacol Energy, Ltd................................ 18,725 52,755 Canam Group, Inc. Class A.......................... 938,246 8,232,819 CanElson Drilling, Inc............................. 66,000 167,766 * Canfor Corp........................................ 1,693,747 42,320,349 CanWel Building Materials Group, Ltd............... 21,550 96,328 # Capstone Infrastructure Corp....................... 2,020,867 5,359,504 #* Capstone Mining Corp............................... 7,765,766 7,089,233 Cascades, Inc...................................... 2,199,423 13,587,370 # Cathedral Energy Services, Ltd..................... 62,582 115,245 CCL Industries, Inc. Class B....................... 185,845 19,210,467 * Celestica, Inc..................................... 4,266,945 47,817,185 Centerra Gold, Inc................................. 1,344,415 8,062,046 #* Cequence Energy, Ltd............................... 3,771,733 2,582,362 Cervus Equipment Corp.............................. 1,500 22,582 #* China Gold International Resources Corp., Ltd...... 2,727,237 4,657,358 * Chinook Energy, Inc................................ 853,617 765,817 * Claude Resources, Inc.............................. 811,151 255,340 Colabor Group, Inc................................. 269,214 699,147 COM DEV International, Ltd......................... 406,754 1,235,595 #* Connacher Oil and Gas, Ltd......................... 11,010,228 346,588 457 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) #* Copper Mountain Mining Corp........................ 1,617,301 $ 1,260,036 #* Corridor Resources, Inc............................ 189,515 132,737 Corus Entertainment, Inc. Class B.................. 23,300 395,515 Cott Corp.......................................... 1,529,519 11,627,570 * Crew Energy, Inc................................... 2,664,812 10,967,944 #* Delphi Energy Corp................................. 3,555,002 3,273,276 #* Denison Mines Corp................................. 4,664,765 4,001,412 * Dominion Diamond Corp.............................. 967,488 16,072,772 Dorel Industries, Inc. Class B..................... 829,041 23,754,925 #* DragonWave, Inc.................................... 65,610 52,666 #* Dundee Precious Metals, Inc........................ 1,520,056 4,282,522 E-L Financial Corp., Ltd........................... 1,439 766,655 #* Eastern Platinum, Ltd.............................. 382,017 456,965 Enbridge Income Fund Holdings, Inc................. 25,870 838,174 * Endeavour Mining Corp.............................. 1,567,619 740,199 #* Endeavour Silver Corp.............................. 285,973 785,430 #* Energy Fuels, Inc.................................. 113,479 515,288 Ensign Energy Services, Inc........................ 455,128 3,155,487 #* Epsilon Energy, Ltd................................ 43,300 135,621 # Equitable Group, Inc............................... 41,970 1,829,809 * Equity Financial Holdings, Inc..................... 300 2,262 * Essential Energy Services Trust.................... 2,389,090 2,462,979 # Exchange Income Corp............................... 22,105 384,972 #* EXFO, Inc.......................................... 8,639 29,710 #* First Majestic Silver Corp......................... 213,747 1,320,464 #* Fortress Paper, Ltd. Class A....................... 12,405 19,525 #* Gasfrac Energy Services, Inc....................... 42,951 9,295 Genesis Land Development Corp...................... 25,511 60,631 # Genworth MI Canada, Inc............................ 197,703 4,919,626 # Glacier Media, Inc................................. 26,100 30,399 #* GLG Life Tech Corp................................. 24,267 7,639 #* Golden Star Resources, Ltd......................... 1,786,705 562,432 * Gran Tierra Energy, Inc............................ 2,153,855 4,661,290 Guardian Capital Group, Ltd. Class A............... 15,961 203,485 * Heroux-Devtek, Inc................................. 407,417 3,623,052 # HNZ Group, Inc..................................... 16,021 274,476 # HudBay Minerals, Inc............................... 4,485,191 32,649,734 # Hudson's Bay Co.................................... 39,821 733,932 #* IAMGOLD Corp....................................... 3,154,239 8,439,768 * Indigo Books & Music, Inc.......................... 6,242 51,677 * Interfor Corp...................................... 925,272 16,165,136 Intertape Polymer Group, Inc....................... 653,542 9,643,435 #* Ithaca Energy, Inc................................. 3,989,606 3,799,027 #* Ivanhoe Energy, Inc................................ 34,866 12,896 * Katanga Mining, Ltd................................ 363,169 88,599 * Kingsway Financial Services, Inc................... 303,286 1,754,271 #* Kirkland Lake Gold, Inc............................ 858,876 3,048,344 #* Lake Shore Gold Corp............................... 8,212,356 7,367,660 # Laurentian Bank of Canada.......................... 755,376 27,826,513 #* Legacy Oil + Gas, Inc.............................. 4,355,762 5,278,881 * Leucrotta Exploration, Inc......................... 79,900 59,735 # Lightstream Resources, Ltd......................... 4,421,434 2,644,440 Linamar Corp....................................... 625,704 35,842,444 458 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) # Liquor Stores N.A., Ltd............................ 231,902 $ 2,795,891 # Long Run Exploration, Ltd.......................... 3,095,664 2,582,359 Magellan Aerospace Corp............................ 10,414 109,410 # Major Drilling Group International, Inc............ 578,951 3,098,187 Martinrea International, Inc....................... 506,717 3,760,401 * Maxim Power Corp................................... 3,832 7,901 * Mega Uranium, Ltd.................................. 1,406,446 132,819 Melcor Developments, Ltd........................... 38,319 512,347 * Mercator Minerals, Ltd............................. 861,957 -- #* Migao Corp......................................... 882,655 680,729 * Mitel Networks Corp................................ 259,814 2,310,454 # Nevsun Resources, Ltd.............................. 1,338,880 4,625,547 # New Flyer Industries, Inc.......................... 84,052 907,526 * New Gold, Inc...................................... 2,071,236 9,079,078 Newalta Corp....................................... 944,663 9,850,307 #* Niko Resources, Ltd................................ 214,057 41,272 # North American Energy Partners, Inc................ 68,121 202,642 #* North American Palladium, Ltd...................... 247,616 41,896 * NuVista Energy, Ltd................................ 2,319,172 13,031,312 #* OceanaGold Corp.................................... 6,505,025 14,333,887 Osisko Gold Royalties, Ltd......................... 47,679 641,242 * Ovivo, Inc. Class A................................ 161,845 264,923 Pan American Silver Corp........................... 2,095,568 24,539,271 * Parex Resources, Inc............................... 149,447 809,157 # Pengrowth Energy Corp.............................. 557,623 1,492,027 #* Perpetual Energy, Inc.............................. 53,800 41,069 * Phoscan Chemical Corp.............................. 2,937,865 653,141 Pizza Pizza Royalty Corp........................... 23,800 273,456 * Polaris Minerals Corp.............................. 14,700 24,294 #* Poseidon Concepts Corp............................. 581,697 174 Precision Drilling Corp............................ 228,703 1,168,083 #* Primero Mining Corp................................ 2,896,209 11,624,039 # Pulse Seismic, Inc................................. 697,463 1,668,598 #* QLT, Inc........................................... 1,077,170 4,670,817 #* Questerre Energy Corp. Class A..................... 738,449 171,435 #* RB Energy, Inc..................................... 238,050 14,050 Reitmans Canada, Ltd. Class A...................... 295,835 1,885,782 #* Richmont Mines, Inc................................ 61,534 217,430 * RMP Energy, Inc.................................... 1,894,708 6,456,351 #* Rock Energy, Inc................................... 164,061 303,410 # Rocky Mountain Dealerships, Inc.................... 51,053 333,470 # Rogers Sugar, Inc.................................. 49,247 177,114 RONA, Inc.......................................... 3,166,544 31,872,273 * San Gold Corp...................................... 478,925 15,076 #* Sandstorm Gold, Ltd................................ 113,658 457,959 # Savanna Energy Services Corp....................... 2,313,200 4,095,931 * Scorpio Mining Corp................................ 65,907 10,373 # Sherritt International Corp........................ 7,277,981 12,256,929 * Shore Gold, Inc.................................... 1,389,769 257,020 #* Sierra Wireless, Inc............................... 846,527 30,618,069 #* Silver Standard Resources, Inc..................... 1,185,515 7,305,094 * Sonde Resources Corp............................... 463,104 1,822 #* Southern Pacific Resource Corp..................... 156,000 614 459 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CANADA -- (Continued) #* Sprott Resource Corp............................... 2,169,141 $ 2,953,186 # Sprott, Inc........................................ 1,578,971 3,479,278 # Spyglass Resources Corp............................ 2,765,958 609,482 * St Andrew Goldfields, Ltd.......................... 764,897 189,614 * Stornoway Diamond Corp............................. 147,408 62,643 # Strad Energy Services, Ltd......................... 22,664 58,145 Stuart Olson, Inc.................................. 203,146 1,029,559 # Superior Plus Corp................................. 401,852 3,858,184 # Surge Energy, Inc.................................. 1,995,679 4,036,275 #* TAG Oil, Ltd....................................... 219,320 248,541 * Taseko Mines, Ltd.................................. 914,668 655,031 #* Tembec, Inc........................................ 614,867 1,364,543 #* Teranga Gold Corp.(B4L8QT1)........................ 832,294 395,441 * Teranga Gold Corp.(B5TDK82)........................ 4,294,990 2,129,412 #* Tethys Petroleum, Ltd.............................. 313,719 44,440 #* Thompson Creek Metals Co., Inc..................... 4,554,775 5,663,449 * Timmins Gold Corp.................................. 1,792,110 1,960,363 * TLC Vision Corp.................................... 829,259 -- # TMX Group, Ltd..................................... 14,718 545,193 # TORC Oil & Gas, Ltd................................ 1,046,833 6,796,547 # Torstar Corp. Class B.............................. 624,031 3,368,893 #* Touchstone Exploration, Inc........................ 1,231,424 329,491 Transcontinental, Inc. Class A..................... 1,629,923 19,407,205 # TransGlobe Energy Corp............................. 488,837 1,423,386 Trinidad Drilling, Ltd............................. 3,279,631 11,020,716 # Twin Butte Energy, Ltd............................. 3,666,736 2,077,634 #* Uex Corp........................................... 511,631 106,699 Uni-Select, Inc.................................... 64,349 1,595,179 Valener, Inc....................................... 140,517 1,872,159 * Wesdome Gold Mines, Ltd............................ 23,000 23,530 West Fraser Timber Co., Ltd........................ 1,092,522 62,746,719 Western Energy Services Corp....................... 944,054 3,900,436 Westjet Airlines, Ltd.............................. 77,143 1,852,840 Whistler Blackcomb Holdings, Inc................... 39,397 619,463 # Whitecap Resources, Inc............................ 19,097 186,506 * Xtreme Drilling and Coil Services Corp............. 560,429 727,715 * Yangarra Resources, Ltd............................ 59,775 47,041 #* Yellow Pages, Ltd.................................. 74,697 1,032,837 # Zargon Oil & Gas, Ltd.............................. 226,299 701,675 ------------ TOTAL CANADA........................................... 924,921,804 ------------ CHINA -- (0.0%) * Hanfeng Evergreen, Inc............................. 707,267 72,023 Zhuhai Holdings Investment Group, Ltd.............. 10,362,000 1,787,475 ------------ TOTAL CHINA............................................ 1,859,498 ------------ DENMARK -- (1.7%) * Alm Brand A.S...................................... 2,358,288 12,209,202 * Auriga Industries A.S. Class B..................... 3,891 184,122 #* Bang & Olufsen A.S................................. 162,418 1,123,269 BankNordik P/F..................................... 616 9,774 Brodrene Hartmann A.S.............................. 49,034 1,298,270 460 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ DENMARK -- (Continued) # D/S Norden A.S..................................... 591,387 $ 12,230,939 Dfds A.S........................................... 117,883 11,365,856 Djurslands Bank A.S................................ 6,785 203,262 East Asiatic Co., Ltd. A.S......................... 153,527 1,212,795 * GPV Industri A.S. Series B......................... 6,000 -- * Greentech Energy Systems A.S....................... 18,060 19,260 * H+H International A.S. Class B..................... 58,677 335,087 Harboes Bryggeri A.S. Class B...................... 20,575 282,499 * Jyske Bank A.S..................................... 213,816 9,678,007 Lan & Spar Bank.................................... 5,706 367,838 NKT Holding A.S.................................... 137,413 7,058,569 # Nordjyske Bank A.S................................. 14,034 214,996 Norresundby Bank A.S............................... 5,455 322,801 * Parken Sport & Entertainment A.S................... 1,495 13,583 PER Aarsleff A.S. Class B.......................... 41,163 9,252,903 Ringkjoebing Landbobank A.S........................ 720 135,390 Rockwool International A.S. Class B................ 3,628 387,404 Schouw & Co........................................ 314,999 14,618,778 # Solar A.S. Class B................................. 6,532 288,522 Spar Nord Bank A.S................................. 696,023 6,275,548 * Sydbank A.S........................................ 831,335 23,418,069 * TK Development A.S................................. 1,056,373 1,443,043 * Topsil Semiconductor Matls......................... 328,978 22,705 # United International Enterprises................... 241 36,133 * Vestas Wind Systems A.S............................ 2,610,187 101,415,192 * Vestjysk Bank A.S.................................. 130,615 170,345 ------------ TOTAL DENMARK.......................................... 215,594,161 ------------ FINLAND -- (2.3%) Ahlstrom Oyj....................................... 50,307 454,505 Aktia Bank Oyj..................................... 95,574 1,078,222 Amer Sports Oyj.................................... 32,417 618,262 Apetit Oyj......................................... 64,219 1,118,324 Aspo Oyj........................................... 3,039 23,670 Atria Oyj.......................................... 135,000 1,179,941 Bank of Aland P.L.C. Class A....................... 5,030 70,854 * Biotie Therapies Oyj............................... 4,759 1,005 # Cargotec Oyj....................................... 533,718 17,096,379 Cramo Oyj.......................................... 215,399 3,321,693 Digia Oyj.......................................... 27,963 107,099 * Finnair Oyj........................................ 1,307,133 4,864,463 #* Finnlines Oyj...................................... 614,000 11,099,407 # Fiskars Oyj Abp.................................... 88,230 1,852,600 Glaston Oyj Abp.................................... 32,935 16,017 HKScan Oyj Class A................................. 472,094 2,056,010 Huhtamaki Oyj...................................... 1,725,918 47,316,472 # Kemira Oyj......................................... 2,113,620 24,181,679 Kesko Oyj Class A.................................. 7,652 267,264 Kesko Oyj Class B.................................. 949,742 34,705,841 * Lemminkainen Oyj................................... 104,048 1,294,827 Metsa Board Oyj.................................... 4,546,084 27,164,141 # Munksjo Oyj........................................ 27,842 295,084 # Neste Oil Oyj...................................... 1,605,246 44,639,342 461 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FINLAND -- (Continued) Okmetic Oyj........................................ 297,467 $ 1,780,416 * Oriola-KD Oyj Class A.............................. 2,365 9,683 * Oriola-KD Oyj Class B.............................. 710,159 2,894,769 #* Outokumpu Oyj...................................... 5,013,211 27,123,596 * Poyry Oyj.......................................... 10,061 33,088 Raisio Oyj Class V................................. 1,404,262 6,746,892 Saga Furs Oyj...................................... 18,354 479,362 # Sanoma Oyj......................................... 1,578,309 9,938,792 SRV Group Oyj...................................... 4,046 14,765 # Stockmann Oyj Abp.................................. 110,886 769,386 Tikkurila Oyj...................................... 213,907 3,859,679 Viking Line Abp.................................... 16,240 324,680 # YIT Oyj............................................ 847,776 4,937,772 ------------ TOTAL FINLAND.......................................... 283,735,981 ------------ FRANCE -- (3.8%) Actia Group........................................ 68,208 423,056 #* Air France-KLM..................................... 2,782,561 24,501,492 Albioma SA......................................... 8,554 158,956 Altamir............................................ 68,975 807,637 April SA........................................... 7,583 94,225 # Aubay.............................................. 69,484 863,903 Audika Groupe...................................... 390 5,667 # Bigben Interactive................................. 2,948 12,617 Bollore SA......................................... 8,885,889 38,243,806 Bonduelle S.C.A.................................... 192,135 4,330,335 Bongrain SA........................................ 139,659 8,503,864 Burelle SA......................................... 11,385 8,471,800 #* Cegedim SA......................................... 45,424 1,646,867 Cegid Group........................................ 60,868 2,191,384 #* CGG SA............................................. 865,937 4,797,168 * Chargeurs SA....................................... 83,129 480,864 * Cie des Alpes...................................... 79,098 1,412,832 * Club Mediterranee SA............................... 401,470 11,188,118 Derichebourg SA.................................... 1,326,962 5,158,659 Devoteam SA........................................ 8,490 163,255 #* Eramet............................................. 39,469 3,160,932 #* Esso SA Francaise.................................. 35,995 1,488,993 # Exel Industries Class A............................ 331 17,202 Faiveley Transport SA.............................. 13,467 816,938 Fleury Michon SA................................... 24,291 1,381,091 Gaumont SA......................................... 22,166 926,693 Gevelot SA......................................... 4,329 610,987 # GL Events.......................................... 104,226 1,941,284 Groupe Crit........................................ 5,037 221,011 Groupe Flo......................................... 50,246 125,284 * Groupe Fnac........................................ 110,776 5,556,205 * Groupe Open........................................ 863 10,964 Guerbet............................................ 49,533 1,840,766 #* Hi-Media SA........................................ 367,546 955,252 * Immobiliere Hoteliere SA........................... 27,700 -- IPSOS.............................................. 136,072 3,545,530 Jacquet Metal Service.............................. 240,666 4,197,758 462 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) Korian-Medica...................................... 113,174 $ 4,280,022 Lagardere SCA...................................... 1,173,128 32,086,235 Lanson-BCC......................................... 333 11,999 * Le Noble Age....................................... 8,397 189,100 LISI............................................... 254,080 6,310,085 * Manitou BF SA...................................... 6,758 99,212 Manutan International.............................. 24,868 1,123,621 Mersen............................................. 207,324 4,897,618 MGI Coutier........................................ 102,540 1,558,036 Montupet........................................... 151,681 12,037,118 Mr Bricolage....................................... 114,065 1,832,863 # Naturex............................................ 8,872 464,229 #* Nexans SA.......................................... 668,322 21,049,293 Nexity SA.......................................... 589,120 23,197,003 * NRJ Group.......................................... 10,560 79,120 #* Onxeo.............................................. 22,114 153,679 #* Orco Property Group SA............................. 109,892 44,529 Paris Orleans SA................................... 3,220 62,937 * Parrot SA.......................................... 12,723 272,898 * Peugeot SA......................................... 3,646,402 52,560,735 #* Pierre & Vacances SA............................... 105,867 3,020,752 Plastic Omnium SA.................................. 848,007 24,345,924 PSB Industries SA.................................. 14,426 658,873 Rallye SA.......................................... 516,699 19,374,344 * Recylex SA......................................... 78,137 168,112 Robertet SA........................................ 409 75,949 Saft Groupe SA..................................... 38,298 1,221,604 Samse SA........................................... 243 29,222 Seche Environnement SA............................. 25,234 595,234 * Securidev SA....................................... 16,908 724,621 #* Sequana SA......................................... 561,266 1,619,647 Societe des Bains de Mer et du Cercle des Etrangers a Monaco............................... 70,051 3,480,501 Societe Internationale de Plantations d'Heveas SA.. 2,071 75,921 Societe Television Francaise 1..................... 336,797 5,301,811 #* SOITEC............................................. 4,222,858 4,190,362 Sopra Steria Group................................. 139,055 10,828,113 #* Spir Communication SA.............................. 26,393 450,773 #* Ste Industrielle d'Aviation Latecoere SA........... 131,916 1,681,460 Stef SA............................................ 153 8,818 Sword Group........................................ 50,923 1,121,607 * Technicolor SA..................................... 671,953 4,014,053 Teleperformance.................................... 569,564 40,806,898 # TFF Group.......................................... 5,276 392,307 #* Theolia SA......................................... 1,162,773 722,663 # Total Gabon........................................ 1,627 558,917 Touax SA........................................... 6,140 103,046 Trigano SA......................................... 183,303 5,471,060 * UBISOFT Entertainment.............................. 1,170,057 23,486,970 Vicat.............................................. 68,743 4,827,876 Vilmorin & Cie SA.................................. 14,882 1,309,381 463 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FRANCE -- (Continued) Vranken-Pommery Monopole SA........................ 89,380 $ 2,421,811 ------------ TOTAL FRANCE........................................... 465,652,357 ------------ GERMANY -- (4.5%) #* AAP Implantate AG.................................. 27,916 81,774 Aareal Bank AG..................................... 1,211,034 45,857,242 #* ADVA Optical Networking SE......................... 461,286 1,524,794 #* Air Berlin P.L.C................................... 145,784 179,498 # Allgeier SE........................................ 37,499 645,747 * Analytik Jena AG................................... 114,784 1,811,549 * AS Creation Tapeten................................ 22,155 683,149 Aurubis AG......................................... 1,045,241 56,666,043 * Balda AG........................................... 638,978 2,154,043 #* Bauer AG........................................... 196,702 3,598,976 BayWa AG........................................... 113,067 4,447,484 Bechtle AG......................................... 54,412 4,598,181 # Bilfinger SE....................................... 524,052 27,378,150 Biotest AG......................................... 48,229 5,359,683 Borussia Dortmund GmbH & Co. KGaA.................. 463,155 2,086,335 Celesio AG......................................... 763,750 22,624,778 CENTROTEC Sustainable AG........................... 68,181 1,017,054 Comdirect Bank AG.................................. 218,286 2,169,016 # CropEnergies AG.................................... 77,162 235,694 Data Modul AG...................................... 21,919 678,302 DEAG Deutsche Entertainment AG..................... 177,932 1,564,677 Deutsche Beteiligungs AG........................... 6,406 198,854 Deutz AG........................................... 1,372,968 6,329,204 DMG Mori Seiki AG.................................. 1,351,692 44,275,356 Dr Hoenle AG....................................... 7,168 145,492 Draegerwerk AG & Co. KGaA.......................... 12,687 1,015,640 Duerr AG........................................... 115,528 10,514,348 Eckert & Ziegler AG................................ 45,175 1,072,115 Elmos Semiconductor AG............................. 206,426 4,083,481 #* Euromicron AG...................................... 49,690 635,434 * First Sensor AG.................................... 10,325 111,099 Freenet AG......................................... 527,711 15,712,810 Gesco AG........................................... 12,443 975,681 GFK SE............................................. 3,166 126,057 GFT Technologies AG................................ 331,463 5,090,547 Grammer AG......................................... 289,640 11,518,652 * H&R AG............................................. 4,078 30,971 #* Heidelberger Druckmaschinen AG..................... 5,333,749 12,521,185 Homag Group AG..................................... 10,371 404,766 Hornbach Baumarkt AG............................... 29,871 1,088,724 Indus Holding AG................................... 111,478 4,862,522 Isra Vision AG..................................... 64,342 3,956,772 Jenoptik AG........................................ 1,048,359 14,027,311 * Joyou AG........................................... 42,070 582,279 * Kampa AG........................................... 31,214 494 * Kloeckner & Co. SE................................. 2,953,699 30,433,224 * Koenig & Bauer AG.................................. 38,019 502,429 * Kontron AG......................................... 1,114,011 6,586,022 Krones AG.......................................... 946 89,561 464 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) KSB AG............................................. 6,000 $ 3,057,562 KWS Saat AG........................................ 15,796 4,827,045 Leifheit AG........................................ 53,391 2,923,190 Leoni AG........................................... 204,824 12,778,133 #* Manz AG............................................ 45,610 3,266,817 * Mediclin AG........................................ 821,006 3,235,221 * Medigene AG........................................ 5,212 22,333 MLP AG............................................. 141,840 562,508 * Mosaic Software AG................................. 12,800 -- Nexus AG........................................... 188,043 2,722,953 * Nordex SE.......................................... 1,051,180 20,288,003 * Osram Licht AG..................................... 172,089 7,910,625 * Patrizia Immobilien AG............................. 261,369 4,583,151 # PNE Wind AG........................................ 924,122 2,301,986 Progress-Werk Oberkirch AG......................... 2,128 93,074 Puma SE............................................ 686 130,566 * PVA TePla AG....................................... 2,822 4,755 #* QIAGEN NV.......................................... 87,085 1,992,432 Rheinmetall AG..................................... 887,999 38,426,833 * Rohwedder AG....................................... 44,910 -- SAF-Holland SA..................................... 565,795 8,355,368 # Salzgitter AG...................................... 689,612 18,799,386 #* Singulus Technologies AG........................... 1,258,255 1,206,569 Sixt SE............................................ 293,403 11,368,838 #* SKW Stahl-Metallurgie Holding AG................... 59,357 304,341 #* SMA Solar Technology AG............................ 86,896 1,056,380 SMT Scharf AG...................................... 831 13,349 #* Solarworld AG...................................... 6,393 82,764 Stroeer Media SE................................... 3,943 114,768 # Suedzucker AG...................................... 599,340 7,536,236 # Surteco SE......................................... 13,337 369,043 #* Suss Microtec AG................................... 318,135 1,671,782 Syzygy AG.......................................... 160,274 1,407,421 # TAG Immobilien AG.................................. 668,472 8,682,969 Technotrans AG..................................... 49,074 542,329 * Tom Tailor Holding AG.............................. 114,168 1,401,756 # Tomorrow Focus AG.................................. 27,749 117,331 UMS United Medical Systems International AG........ 59,891 678,214 * VERBIO Vereinigte BioEnergie AG.................... 71,199 144,323 # Vossloh AG......................................... 27,018 1,729,926 VTG AG............................................. 204,039 4,897,914 # Wacker Chemie AG................................... 17,818 1,907,844 Wacker Neuson SE................................... 488,712 9,898,631 # Zeal Network SE.................................... 11,323 476,857 ------------ TOTAL GERMANY.......................................... 554,144,725 ------------ GREECE -- (0.0%) * Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products................. 173,961 -- * Atlantic Supermarkets SA........................... 129,593 -- * Bank of Cyprus Pcl................................. 1 -- * Ergas SA........................................... 104,948 -- * Etma Rayon SA...................................... 39,176 -- 465 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- GREECE -- (Continued) * Michaniki SA....................................... 986,718 $ -- * T Bank SA.......................................... 1,210,617 -- * Themeliodomi SA.................................... 140,360 -- * Tropea Holding SA.................................. 4,581 1,941 ----------- TOTAL GREECE........................................... 1,941 ----------- HONG KONG -- (2.5%) Alco Holdings, Ltd................................. 88,000 16,899 Allan International Holdings....................... 10,000 2,769 # Allied Group, Ltd.................................. 2,157,000 9,164,010 Allied Properties HK, Ltd.......................... 40,152,372 7,973,185 * Apac Resources, Ltd................................ 1,356,070 19,676 APT Satellite Holdings, Ltd........................ 452,750 615,784 # Asia Financial Holdings, Ltd....................... 4,238,106 1,812,905 Asia Standard Hotel Group, Ltd..................... 2,311,359 357,777 Asia Standard International Group, Ltd............. 4,381,756 1,028,802 Associated International Hotels, Ltd............... 1,683,000 5,068,433 * Bel Global Resources Holdings, Ltd................. 16,756,000 -- Century City International Holdings, Ltd........... 31,035,300 2,395,090 Champion Technology Holdings, Ltd.................. 121,067,373 2,414,398 Chen Hsong Holdings................................ 2,048,000 546,542 Cheuk Nang Holdings, Ltd........................... 4,368,193 3,965,734 * Cheung Wo International Holdings, Ltd.............. 168,000 13,424 Chevalier International Holdings, Ltd.............. 2,603,418 4,468,177 * China Billion Resources, Ltd....................... 64,707,136 -- #* China Daye Non-Ferrous Metals Mining, Ltd.......... 9,598,000 173,534 * China Energy Development Holdings, Ltd............. 6,700,000 127,346 China Motor Bus Co., Ltd........................... 27,200 316,412 * China Renji Medical Group, Ltd..................... 9,249,100 270,224 * China Star Entertainment, Ltd...................... 30,600,000 486,846 Chinney Investments, Ltd........................... 1,924,000 310,369 Chong Hing Bank, Ltd............................... 36,201 81,485 Chu Kong Shipping Enterprise Group Co., Ltd........ 4,222,000 1,119,521 Chuang's China Investments, Ltd.................... 20,949,610 1,422,408 Chuang's Consortium International, Ltd............. 24,739,155 3,066,767 CNT Group, Ltd..................................... 164,000 9,524 CSI Properties, Ltd................................ 119,575,476 4,608,768 * CST Mining Group, Ltd.............................. 100,944,000 573,322 Dah Sing Banking Group, Ltd........................ 633,888 1,057,536 Dah Sing Financial Holdings, Ltd................... 1,744,156 10,042,382 * Dan Form Holdings Co., Ltd......................... 19,223,896 3,071,623 Dickson Concepts International, Ltd................ 336,500 158,167 Dorsett Hospitality International, Ltd............. 2,225,000 367,317 EcoGreen Fine Chemicals Group, Ltd................. 952,000 262,146 # Emperor Entertainment Hotel, Ltd................... 660,000 155,647 # Emperor International Holdings, Ltd................ 33,964,333 7,696,830 Emperor Watch & Jewellery, Ltd..................... 19,220,000 827,623 * EPI Holdings, Ltd.................................. 48,996,388 802,980 * eSun Holdings, Ltd................................. 18,512,400 1,696,240 * Ezcom Holdings, Ltd................................ 67,280 -- Far East Consortium International, Ltd............. 17,616,904 6,884,225 Fountain SET Holdings, Ltd......................... 17,876,000 1,861,001 * Frontier Services Group, Ltd....................... 1,721,609 242,224 466 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) * G-Resources Group, Ltd............................. 182,901,000 $ 5,189,497 Get Nice Holdings, Ltd............................. 88,788,000 4,048,494 * Global Brands Group Holding, Ltd................... 21,040,000 3,964,117 Gold Peak Industries Holding, Ltd.................. 7,170,907 795,083 Golden Resources Development International, Ltd.... 11,811,000 702,072 * Grande Holdings, Ltd. (The)........................ 3,082,000 30,612 Great Eagle Holdings, Ltd.......................... 3,044,159 10,136,855 Guangnan Holdings, Ltd............................. 3,604,000 514,807 * Hao Tian Development Group, Ltd.................... 8,208,000 349,683 Harbour Centre Development, Ltd.................... 2,295,000 4,192,593 High Fashion International, Ltd.................... 996,000 330,820 # HKR International, Ltd............................. 17,395,998 8,935,823 Hon Kwok Land Investment Co., Ltd.................. 7,798,935 2,579,991 * Hong Fok Land, Ltd................................. 4,248,000 -- Hong Kong Ferry Holdings Co., Ltd.................. 1,801,000 2,027,206 * Hong Kong Television Network, Ltd.................. 725,000 314,456 Hongkong & Shanghai Hotels (The)................... 1,243,931 1,779,611 # Hongkong Chinese, Ltd.............................. 23,995,100 4,206,662 Hopewell Holdings, Ltd............................. 3,539,500 13,264,678 # Hsin Chong Construction Group, Ltd................. 6,916,000 783,767 Hung Hing Printing Group, Ltd...................... 8,545,275 1,156,835 * International Standard Resources Holdings, Ltd..... 40,102,500 1,915,695 IPE Group, Ltd..................................... 3,000,000 270,886 * IRC, Ltd........................................... 11,804,000 718,959 ITC Corp., Ltd..................................... 969,046 86,162 # ITC Properties Group, Ltd.......................... 1,126,720 549,252 * Jinchang Pharmaceutical Holdings, Ltd.............. 507,600 -- * Jinhui Holdings Co., Ltd........................... 1,108,000 174,694 # K Wah International Holdings, Ltd.................. 13,725,141 7,405,247 Kantone Holdings, Ltd.............................. 3,338,397 409,098 Keck Seng Investments.............................. 2,936,000 2,611,102 * King Stone Energy Group, Ltd....................... 2,255,000 55,763 # Kingston Financial Group, Ltd...................... 14,951,424 1,715,754 Kowloon Development Co., Ltd....................... 9,648,277 11,256,945 Kwoon Chung Bus Holdings, Ltd...................... 150,000 78,578 Lai Sun Development Co., Ltd....................... 328,342,666 7,346,383 Lai Sun Garment International, Ltd................. 41,403,669 5,315,396 Lam Soon Hong Kong, Ltd............................ 139,250 112,437 Lerado Group Holding Co., Ltd...................... 5,140,000 351,416 Lippo China Resources, Ltd......................... 12,714,000 433,243 Lippo, Ltd......................................... 4,694,500 2,585,671 # Liu Chong Hing Investment, Ltd..................... 3,506,000 4,323,890 Luen Thai Holdings, Ltd............................ 944,000 183,247 Luks Group Vietnam Holdings Co., Ltd............... 1,002,642 308,530 Magnificent Estates................................ 39,120,600 1,712,121 Man Yue Technology Holdings, Ltd................... 1,540,000 225,521 Ming Fai International Holdings, Ltd............... 338,000 36,123 * Ming Fung Jewellery Group, Ltd..................... 2,010,000 19,345 # Miramar Hotel & Investment......................... 1,714,000 2,171,861 #* Mongolian Mining Corp.............................. 22,828,750 902,658 Nanyang Holdings, Ltd.............................. 101,350 638,097 National Electronic Hldgs.......................... 5,126,408 665,709 * Neo-Neon Holdings, Ltd............................. 7,654,000 1,190,622 467 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) * Neptune Group, Ltd................................. 65,140,000 $ 1,005,262 New Century Group Hong Kong, Ltd................... 648,000 11,477 * New Times Energy Corp., Ltd........................ 9,039,450 238,059 Next Media, Ltd.................................... 3,814,000 337,898 * Orange Sky Golden Harvest Entertainment Holdings, Ltd.............................................. 14,065,000 870,616 Orient Overseas International, Ltd................. 739,500 4,819,304 * Orient Power Holdings, Ltd......................... 2,182,573 -- # Oriental Watch Holdings............................ 1,682,000 298,852 Pacific Andes International Holdings, Ltd.......... 83,154,890 2,846,422 Pacific Basin Shipping, Ltd........................ 22,397,000 8,259,132 Paliburg Holdings, Ltd............................. 11,753,041 3,924,159 * Ping Shan Tea Group, Ltd........................... 17,972,000 171,080 # Playmates Holdings, Ltd............................ 3,153,700 3,063,644 Pokfulam Development Co............................ 268,000 412,855 Polytec Asset Holdings, Ltd........................ 45,009,190 6,079,768 Public Financial Holdings, Ltd..................... 858,444 409,690 PYI Corp., Ltd..................................... 102,188,086 2,131,156 Regal Hotels International Holdings, Ltd........... 9,264,623 5,756,031 * Richfield Group Holdings, Ltd...................... 6,008,000 228,204 Rivera Holdings, Ltd............................... 4,405,468 216,004 SEA Holdings, Ltd.................................. 2,019,000 1,354,796 Shun Tak Holdings, Ltd............................. 48,596,546 22,208,257 Simsen International Corp., Ltd.................... 78,000 17,205 Sing Tao News Corp., Ltd........................... 334,000 49,061 Singamas Container Holdings, Ltd................... 10,154,000 1,634,948 #* SOCAM Development, Ltd............................. 4,380,120 3,980,297 # Soundwill Holdings, Ltd............................ 878,000 1,424,579 * South China China, Ltd............................. 10,649,216 1,081,088 * South China Land, Ltd.............................. 13,071,066 226,361 # Sun Hung Kai & Co., Ltd............................ 3,747,688 3,360,248 * Symphony Holdings, Ltd............................. 2,232,249 178,809 TAI Cheung Holdings, Ltd........................... 4,638,000 3,852,731 Tai Sang Land Development, Ltd..................... 110,741 55,779 * Talent Property Group, Ltd......................... 1,665,000 20,877 # Tan Chong International, Ltd....................... 3,984,000 1,323,797 * Taung Gold International, Ltd...................... 3,750,000 81,403 Tern Properties Co., Ltd........................... 168,000 133,516 Tian Teck Land, Ltd................................ 786,000 921,089 Transport International Holdings, Ltd.............. 12,000 29,590 # Trinity, Ltd....................................... 5,810,000 1,131,285 * Up Energy Development Group, Ltd................... 1,236,000 90,874 Upbest Group, Ltd.................................. 2,534,000 722,978 * Vedan International Holdings, Ltd.................. 4,352,000 228,897 Victory City International Holdings, Ltd........... 26,469,316 3,768,771 VST Holdings, Ltd.................................. 828,000 264,732 #* Willie International Holdings, Ltd................. 4,480,000 90,418 Win Hanverky Holdings, Ltd......................... 84,000 10,059 Wing On Co. International, Ltd..................... 2,756,500 8,739,616 Wing Tai Properties, Ltd........................... 1,588,749 1,009,266 Wong's International Hldgs......................... 41,000 13,924 Yau Lee Holdings, Ltd.............................. 1,409,750 315,705 468 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) Yugang International, Ltd.......................... 18,896,000 $ 230,014 ------------ TOTAL HONG KONG........................................ 308,260,722 ------------ IRELAND -- (0.5%) Aer Lingus Group P.L.C............................. 1,504,991 3,634,132 C&C Group P.L.C.................................... 1,398,234 5,450,040 Dragon Oil P.L.C................................... 47,857 397,245 FBD Holdings P.L.C................................. 64,897 805,802 Kingspan Group P.L.C............................... 36,810 665,100 Smurfit Kappa Group P.L.C.......................... 1,849,987 45,482,484 ------------ TOTAL IRELAND.......................................... 56,434,803 ------------ ISRAEL -- (0.6%) #* Africa Israel Investments, Ltd..................... 3,026,773 2,676,862 * AL-ROV Israel, Ltd................................. 103,774 2,807,927 Albaad Massuot Yitzhak, Ltd........................ 4 55 * Alon Blue Square Israel, Ltd....................... 167,270 420,556 * AudioCodes, Ltd.................................... 7,544 38,529 * Azorim-Investment Development & Construction Co., Ltd.............................................. 124,082 90,497 #* Clal Biotechnology Industries, Ltd................. 47,809 42,096 * Clal Insurance Enterprises Holdings, Ltd........... 374,995 5,420,592 # Delta-Galil Industries, Ltd........................ 65,620 1,883,090 Direct Insurance Financial Investments, Ltd........ 98,055 534,376 * El Al Israel Airlines.............................. 1,640,647 306,683 # Elron Electronic Industries, Ltd................... 225,063 965,715 * Equital, Ltd....................................... 3,735 49,475 First International Bank Of Israel, Ltd............ 586,319 7,355,636 Formula Systems 1985, Ltd.......................... 146,024 3,034,090 #* Gilat Satellite Networks, Ltd...................... 116,216 531,666 #* Hadera Paper, Ltd.................................. 6,561 114,043 Harel Insurance Investments & Financial Services, Ltd.............................................. 2,370,302 10,549,868 * Israel Discount Bank, Ltd. Class A................. 10,943,655 17,098,296 Israel Land Development Co., Ltd. (The)............ 39,194 130,570 * Jerusalem Oil Exploration.......................... 204,768 6,062,656 Meitav DS Investments, Ltd......................... 10,434 27,467 Menorah Mivtachim Holdings, Ltd.................... 296,579 2,608,642 Migdal Insurance & Financial Holding, Ltd.......... 455,895 542,777 Neto ME Holdings, Ltd.............................. 1,339 66,810 #* Oil Refineries, Ltd................................ 7,890,707 2,295,275 Ormat Industries................................... 387,946 2,718,237 Phoenix Holdings, Ltd. (The)....................... 733,233 2,068,846 * Protalix BioTherapeutics, Inc...................... -- -- Scope Metals Group, Ltd............................ 743 7,240 # Shufersal, Ltd..................................... 70,276 144,667 * Summit Real Estate Holdings, Ltd................... 71,061 240,868 * Tower Semiconductor, Ltd........................... 31,287 472,945 * Union Bank of Israel............................... 597,641 1,942,715 ------------ TOTAL ISRAEL........................................... 73,249,767 ------------ ITALY -- (3.7%) #* Aeffe SpA.......................................... 99,325 208,997 Alerion Cleanpower SpA............................. 51,836 140,154 469 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ ITALY -- (Continued) #* Arnoldo Mondadori Editore SpA..................... 167,124 $ 174,235 Astaldi SpA....................................... 45,706 290,541 #* Banca Carige SpA.................................. 3,897,893 261,004 Banca Finnat Euramerica SpA....................... 210,745 123,601 * Banca Popolare dell'Emilia Romagna SC............. 11,748,516 79,233,648 #* Banca Popolare dell'Etruria e del Lazio SC........ 247,694 145,491 * Banca Popolare di Milano Scarl.................... 122,002,394 97,659,569 Banca Popolare di Sondrio SCARL................... 2,573,583 9,993,217 Banco di Desio e della Brianza SpA................ 58,628 151,414 * Banco Popolare SC................................. 6,352,203 80,163,561 * Brioschi Sviluppo Immobiliare SpA................. 321,080 35,708 # Buzzi Unicem SpA.................................. 1,476,666 18,128,265 * Caltagirone Editore SpA........................... 713,490 719,108 # Cementir Holding SpA.............................. 2,010,356 13,450,539 * CIR-Compagnie Industriali Riunite SpA............. 6,254,254 6,902,255 Credito Emiliano SpA.............................. 185,599 1,444,049 * Credito Valtellinese SC........................... 20,793,067 23,397,193 # d'Amico International Shipping SA................. 2,067,380 1,150,789 Danieli & C Officine Meccaniche SpA............... 18,391 450,921 De'Longhi SpA..................................... 822,258 14,822,552 * DeA Capital SpA................................... 333,959 661,776 * Delclima.......................................... 846,828 1,871,128 El.En. SpA........................................ 13,023 453,751 Elica SpA......................................... 11,560 23,495 ERG SpA........................................... 554,544 6,602,896 * Eurotech SpA...................................... 635,731 1,477,109 Falck Renewables SpA.............................. 1,774,764 1,957,213 * Finmeccanica SpA.................................. 32,479 354,722 FNM SpA........................................... 1,639,768 1,005,398 * Gruppo Editoriale L'Espresso SpA.................. 266,936 337,551 * IMMSI SpA......................................... 3,387,563 2,433,256 #* Intek Group SpA................................... 5,359,454 2,038,474 # Italcementi SpA................................... 3,450,840 23,757,922 Italmobiliare SpA................................. 170,500 4,399,177 #* Prelios SpA....................................... 508,672 171,165 * Reno de Medici SpA................................ 1,545,300 526,886 #* Retelit SpA....................................... 1,375,990 864,577 #* Safilo Group SpA.................................. 535,558 7,636,760 * Snia SpA.......................................... 271,793 -- Societa Cattolica di Assicurazioni S.c.r.l........ 318,806 2,458,804 Societa Iniziative Autostradali e Servizi SpA..... 32,320 323,138 SOL SpA........................................... 73,545 581,836 Trevi Finanziaria Industriale SpA................. 201,103 608,488 * Uni Land SpA...................................... 37,715 -- Unipol Gruppo Finanziario SpA..................... 6,281,992 31,681,554 UnipolSai SpA..................................... 7,487,660 20,755,735 Vianini Lavori SpA................................ 344,977 2,059,456 ------------ TOTAL ITALY........................................... 464,089,078 ------------ JAPAN -- (23.6%) A&D Co., Ltd...................................... 199,000 830,538 Achilles Corp..................................... 2,498,000 3,207,343 ADEKA Corp........................................ 782,000 9,592,921 470 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Aeon Co., Ltd...................................... 562,648 $ 5,942,763 Agro-Kanesho Co., Ltd.............................. 46,400 424,356 Ahresty Corp....................................... 541,300 2,943,578 Aichi Bank, Ltd. (The)............................. 203,600 9,990,428 Aichi Corp......................................... 182,000 887,466 Aichi Steel Corp................................... 2,128,000 8,821,923 Aichi Tokei Denki Co., Ltd......................... 32,000 88,442 Aida Engineering, Ltd.............................. 310,107 3,065,860 * Aigan Co., Ltd..................................... 370,100 786,029 Airport Facilities Co., Ltd........................ 527,600 3,108,489 Aisan Industry Co., Ltd............................ 473,730 4,130,180 Aizawa Securities Co., Ltd......................... 63,574 318,081 Akita Bank, Ltd. (The)............................. 4,520,000 12,533,635 # Alconix Corp....................................... 106,800 1,649,614 # Alpen Co., Ltd..................................... 384,800 5,652,413 Alpha Corp......................................... 32,600 330,118 Alpha Systems, Inc................................. 45,960 610,529 Alpine Electronics, Inc............................ 445,100 6,883,630 Alps Logistics Co., Ltd............................ 37,600 433,702 AOI Electronic Co., Ltd............................ 36,200 1,630,559 AOI Pro, Inc....................................... 4,700 31,120 AOKI Holdings, Inc................................. 305,822 3,548,718 Aomori Bank, Ltd. (The)............................ 1,140,000 3,368,922 Aoyama Trading Co., Ltd............................ 1,425,299 47,903,363 Arakawa Chemical Industries, Ltd................... 369,100 3,747,624 Arata Corp......................................... 29,000 79,791 Araya Industrial Co., Ltd.......................... 1,045,000 1,624,909 Arcland Sakamoto Co., Ltd.......................... 57,400 1,070,679 Arisawa Manufacturing Co., Ltd..................... 621,782 4,735,041 Asahi Broadcasting Corp............................ 42,600 340,454 Asahi Kogyosha Co., Ltd............................ 508,000 1,744,195 Asahi Organic Chemicals Industry Co., Ltd.......... 1,723,000 4,253,230 #* Asanuma Corp....................................... 583,000 742,587 #* Ashimori Industry Co., Ltd......................... 1,048,000 1,415,672 Asia Air Survey Co., Ltd........................... 18,000 70,952 ASKA Pharmaceutical Co., Ltd....................... 528,200 5,641,899 Asunaro Aoki Construction Co., Ltd................. 670,600 4,538,165 Atsugi Co., Ltd.................................... 5,231,000 5,186,297 Awa Bank, Ltd. (The)............................... 1,077,000 5,804,363 Bando Chemical Industries, Ltd..................... 376,000 1,368,637 # Bank of Iwate, Ltd. (The).......................... 362,300 14,724,872 Bank of Kochi, Ltd. (The).......................... 335,000 436,692 Bank of Nagoya, Ltd. (The)......................... 3,509,706 12,636,867 Bank of Okinawa, Ltd. (The)........................ 180,050 7,204,484 Bank of Saga, Ltd. (The)........................... 3,037,000 6,932,906 Bank of the Ryukyus, Ltd........................... 960,900 13,293,392 Belluna Co., Ltd................................... 1,248,124 5,343,598 Best Denki Co., Ltd................................ 1,723,900 2,158,961 Bunka Shutter Co., Ltd............................. 136,016 1,098,994 Carlit Holdings Co., Ltd........................... 95,700 583,043 Cawachi, Ltd....................................... 386,600 6,162,358 Central Glass Co., Ltd............................. 4,164,000 17,486,523 Central Security Patrols Co., Ltd.................. 34,000 346,991 471 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) CFS Corp........................................... 2,000 $ 13,490 Chiba Kogyo Bank, Ltd. (The)....................... 448,400 3,056,620 Chino Corp......................................... 1,000 9,957 # Chiyoda Integre Co., Ltd........................... 101,600 1,902,454 # Chodai Co., Ltd.................................... 39,600 233,128 Chofu Seisakusho Co., Ltd.......................... 248,500 6,242,747 # Chori Co., Ltd..................................... 14,900 241,310 Chubu Shiryo Co., Ltd.............................. 363,400 2,030,793 Chudenko Corp...................................... 569,960 9,184,056 Chuetsu Pulp & Paper Co., Ltd...................... 2,284,000 5,740,297 Chugoku Marine Paints, Ltd......................... 727,000 6,399,320 Chukyo Bank, Ltd. (The)............................ 1,792,000 3,148,109 # Chuo Gyorui Co., Ltd............................... 627,000 1,493,869 Chuo Spring Co., Ltd............................... 945,000 2,644,670 Cleanup Corp....................................... 622,700 4,608,044 #* CMK Corp........................................... 1,113,700 3,149,094 Coca-Cola East Japan Co., Ltd...................... 486,104 8,093,614 # Coca-Cola West Co., Ltd............................ 246,600 3,527,186 Cocokara fine, Inc................................. 11,700 289,904 Computer Engineering & Consulting, Ltd............. 239,900 2,050,072 Corona Corp........................................ 390,400 3,871,197 # Cosmo Oil Co., Ltd................................. 7,216,000 9,729,209 Cresco, Ltd........................................ 31,300 439,411 # Cross Plus, Inc.................................... 73,600 497,246 # CTI Engineering Co., Ltd........................... 288,400 3,565,533 Dai-Dan Co., Ltd................................... 620,000 3,519,945 # Dai-ichi Seiko Co., Ltd............................ 184,600 3,369,471 Daido Kogyo Co., Ltd............................... 728,447 1,543,777 Daido Steel Co., Ltd............................... 100,000 391,689 Daihatsu Diesel Manufacturing Co., Ltd............. 144,000 1,155,792 # Daiho Corp......................................... 1,078,000 4,649,029 Daiichi Jitsugyo Co., Ltd.......................... 109,000 562,955 # Daiki Aluminium Industry Co., Ltd.................. 546,000 1,445,355 Daikoku Denki Co., Ltd............................. 103,900 1,664,144 Daimaruenawin Co., Ltd............................. 9,500 62,327 # Dainichi Co., Ltd.................................. 271,000 1,766,126 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 349,000 1,900,180 # Daisan Bank, Ltd. (The)............................ 1,333,000 2,210,279 Daishi Bank, Ltd. (The)............................ 5,066,932 16,858,975 # Daishinku Corp..................................... 809,000 2,354,315 Daiso Co., Ltd..................................... 7,000 26,088 Daito Bank, Ltd. (The)............................. 3,704,000 4,451,356 Daiwa Industries, Ltd.............................. 296,000 1,798,742 Daiwabo Holdings Co., Ltd.......................... 2,833,000 4,724,325 # DC Co., Ltd........................................ 456,400 1,807,846 DCM Holdings Co., Ltd.............................. 1,644,400 10,971,324 Denyo Co., Ltd..................................... 154,600 2,553,172 # DKS Co., Ltd....................................... 1,079,000 3,426,503 DMW Corp........................................... 58,800 915,184 Doutor Nichires Holdings Co., Ltd.................. 92,900 1,320,394 DSB Co, Ltd........................................ 100,500 659,697 # Duskin Co., Ltd.................................... 5,800 91,542 Dydo Drinco, Inc................................... 41,000 1,683,392 472 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Dynic Corp......................................... 186,000 $ 279,822 # EDION Corp......................................... 2,571,700 19,071,979 # Ehime Bank, Ltd. (The)............................. 2,732,000 5,808,330 Eidai Co., Ltd..................................... 406,000 1,560,047 Eighteenth Bank, Ltd. (The)........................ 3,995,000 11,547,565 Eizo Corp.......................................... 144,300 3,135,104 # Emori Group Holdings Co., Ltd...................... 83,400 738,131 # Endo Lighting Corp................................. 67,400 757,378 ESPEC Corp......................................... 510,400 4,620,852 # Excel Co., Ltd..................................... 119,400 1,309,795 F-Tech, Inc........................................ 90,200 890,372 Faith, Inc......................................... 49,160 517,251 # FCC Co., Ltd....................................... 54,100 1,028,546 Felissimo Corp..................................... 5,000 42,348 # Ferrotec Corp...................................... 783,200 3,940,351 # FIDEA Holdings Co., Ltd............................ 1,576,100 2,806,119 # Fields Corp........................................ 42,200 536,373 Fine Sinter Co., Ltd............................... 84,000 251,829 #* First Baking Co., Ltd.............................. 82,000 91,194 # Foster Electric Co., Ltd........................... 230,900 4,337,562 # Fuji Corp., Ltd.................................... 3,100 17,622 Fuji Kiko Co., Ltd................................. 10,000 45,565 Fuji Oil Co., Ltd.................................. 901,100 2,686,670 Fuji Soft, Inc..................................... 41,700 834,478 Fujicco Co., Ltd................................... 323,600 5,776,851 Fujikura Kasei Co., Ltd............................ 332,600 1,615,777 # Fujikura Rubber, Ltd............................... 55,400 374,962 Fujikura, Ltd...................................... 9,669,000 40,170,997 Fujishoji Co., Ltd................................. 46,200 579,851 Fujitsu Frontech, Ltd.............................. 392,600 4,494,303 FuKoKu Co., Ltd.................................... 101,700 1,108,788 Fukuda Corp........................................ 450,000 3,574,662 Fukui Bank, Ltd. (The)............................. 1,482,000 3,306,240 Fukushima Bank, Ltd. (The)......................... 2,091,000 1,539,390 # Fukuyama Transporting Co., Ltd..................... 2,190,000 12,245,466 # Furukawa Electric Co., Ltd......................... 5,651,000 9,400,363 # Furuno Electric Co., Ltd........................... 246,300 2,534,599 Furusato Industries, Ltd........................... 106,500 1,434,087 Fuso Pharmaceutical Industries, Ltd................ 24,000 61,617 Futaba Corp........................................ 837,500 13,482,845 Futaba Industrial Co., Ltd......................... 566,700 2,830,185 # G-Tekt Corp........................................ 230,000 2,191,341 # Gakken Holdings Co., Ltd........................... 883,000 1,858,220 Gecoss Corp........................................ 361,600 4,818,275 # Geo Holdings Corp.................................. 273,400 2,675,078 # Godo Steel, Ltd.................................... 3,842,000 6,182,714 Goldcrest Co., Ltd................................. 357,650 5,573,862 Gourmet Kineya Co., Ltd............................ 58,000 463,289 Grandy House Corp.................................. 12,800 32,082 # GSI Creos Corp..................................... 1,185,000 1,322,460 Gun-Ei Chemical Industry Co., Ltd.................. 1,245,000 3,594,087 Gunze, Ltd......................................... 5,311,000 13,757,155 # H-One Co., Ltd..................................... 137,900 773,021 473 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) H2O Retailing Corp................................. 841,839 $14,869,581 # Hagihara Industries, Inc........................... 48,900 809,090 Hakuto Co., Ltd.................................... 367,800 3,802,975 Hamakyorex Co., Ltd................................ 6,700 236,866 Hanwa Co., Ltd..................................... 2,972,000 11,102,426 Happinet Corp...................................... 14,900 166,029 Harima Chemicals Group, Inc........................ 399,200 1,618,077 # Haruyama Trading Co., Ltd.......................... 279,600 1,710,566 Heiwa Real Estate Co., Ltd......................... 600,600 8,546,884 Heiwado Co., Ltd................................... 331,724 7,033,009 HI-LEX Corp........................................ 5,700 163,302 Hibiya Engineering, Ltd............................ 707,200 9,326,035 Higashi-Nippon Bank, Ltd. (The).................... 3,199,000 9,001,112 Higo Bank, Ltd. (The).............................. 3,060,000 16,593,135 Hisaka Works, Ltd.................................. 98,000 802,468 Hitachi Metals Techno, Ltd......................... 42,800 434,038 Hitachi Transport System, Ltd...................... 3,000 39,247 Hitachi Zosen Corp................................. 440,819 2,415,295 # Hodogaya Chemical Co., Ltd......................... 971,000 1,576,588 # Hokkaido Coca-Cola Bottling Co., Ltd............... 466,000 2,085,367 Hokkan Holdings, Ltd............................... 1,001,000 2,545,262 Hokko Chemical Industry Co., Ltd................... 441,000 1,534,274 Hokkoku Bank, Ltd. (The)........................... 4,840,159 15,442,541 Hokuetsu Bank, Ltd. (The).......................... 3,705,000 6,741,902 # Hokuetsu Kishu Paper Co., Ltd...................... 3,585,274 16,885,887 Hokuriku Electrical Construction Co., Ltd.......... 229,000 1,563,294 Honeys Co., Ltd.................................... 58,700 523,423 # Hoosiers Holdings Co., Ltd......................... 294,500 1,233,819 # Hosiden Corp....................................... 1,424,200 7,647,057 Howa Machinery, Ltd................................ 51,900 326,753 # Hurxley Corp....................................... 18,600 155,424 Hyakugo Bank, Ltd. (The)........................... 4,413,855 18,688,556 Hyakujushi Bank, Ltd. (The)........................ 3,195,000 10,725,174 Ichikawa Co., Ltd.................................. 205,000 477,727 # Ichikoh Industries, Ltd............................ 126,000 259,296 # Ihara Chemical Industry Co., Ltd................... 819,200 9,194,506 * IJT Technology Holdings Co., Ltd................... 209,760 915,822 # Ikegami Tsushinki Co., Ltd......................... 509,000 757,376 Imagica Robot Holdings, Inc........................ 74,600 314,499 # Imasen Electric Industrial......................... 246,299 3,178,312 # Inaba Seisakusho Co., Ltd.......................... 108,700 1,231,757 Inabata & Co., Ltd................................. 1,295,600 11,807,228 Ines Corp.......................................... 1,161,300 8,672,593 Information Services International-Dentsu, Ltd..... 78,200 764,111 Innotech Corp...................................... 288,100 1,196,433 # Inui Global Logistics Co., Ltd..................... 258,385 2,148,721 Ise Chemical Corp.................................. 24,000 155,992 # Iseki & Co., Ltd................................... 719,000 1,371,702 * Ishihara Sangyo Kaisha, Ltd........................ 3,752,000 3,256,903 # Ishizuka Glass Co., Ltd............................ 670,000 1,304,208 IT Holdings Corp................................... 629,700 10,459,578 Itochu Enex Co., Ltd............................... 962,100 7,499,882 Itochu-Shokuhin Co., Ltd........................... 18,400 627,538 474 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Itoham Foods, Inc.................................. 1,784,369 $10,187,516 # Itoki Corp......................................... 796,547 3,932,914 # Iwai Cosmo Holdings, Inc........................... 241,600 2,748,606 Iwaki & Co., Ltd................................... 814,000 1,531,326 Iwasaki Electric Co., Ltd.......................... 1,174,000 2,314,451 Iwatsu Electric Co., Ltd........................... 2,257,000 1,852,567 * Izutsuya Co., Ltd.................................. 628,000 340,124 # J-Oil Mills, Inc................................... 1,793,000 6,412,348 Japan Digital Laboratory Co., Ltd.................. 597,100 8,258,174 # Japan Foundation Engineering Co., Ltd.............. 523,700 1,730,210 # Japan Medical Dynamic Marketing, Inc............... 443,900 2,163,963 Japan Oil Transportation Co., Ltd.................. 576,000 1,130,040 Japan Pulp & Paper Co., Ltd........................ 1,537,000 4,330,865 Japan Transcity Corp............................... 1,015,000 3,255,177 Japan Vilene Co., Ltd.............................. 147,000 747,576 Japan Wool Textile Co., Ltd. (The)................. 31,000 206,702 # Jimoto Holdings, Inc............................... 244,800 458,746 JK Holdings Co., Ltd............................... 64,800 305,503 # JMS Co., Ltd....................................... 779,000 1,907,243 Joshin Denki Co., Ltd.............................. 12,000 101,017 JSP Corp........................................... 10,100 201,840 Juroku Bank, Ltd. (The)............................ 4,049,000 13,360,740 #* JVC Kenwood Corp................................... 3,429,200 8,128,692 # K&O Energy Group, Inc.............................. 300,500 3,860,509 Kaga Electronics Co., Ltd.......................... 307,000 3,900,462 Kagoshima Bank, Ltd. (The)......................... 3,050,500 19,087,974 Kamei Corp......................................... 795,800 5,259,286 Kanaden Corp....................................... 476,000 3,211,034 # Kandenko Co., Ltd.................................. 2,051,000 12,124,951 Kanematsu Corp..................................... 81,000 115,376 Kansai Urban Banking Corp.......................... 1,300 13,085 Katakura Chikkarin Co., Ltd........................ 250,000 583,525 # Katakura Industries Co., Ltd....................... 45,700 473,933 Kato Sangyo Co., Ltd............................... 23,900 438,197 Kato Works Co., Ltd................................ 1,458,872 11,406,670 # KAWADA TECHNOLOGIES, Inc........................... 54,200 1,926,911 # Kawasaki Kasei Chemicals, Ltd...................... 332,000 454,275 Kawasumi Laboratories, Inc......................... 297,900 1,907,275 Keihanshin Building Co., Ltd....................... 444,600 2,643,413 Keihin Co., Ltd.................................... 159,000 255,211 Keihin Corp........................................ 672,900 10,725,608 Keiyo Bank, Ltd. (The)............................. 2,234,000 12,188,227 # Keiyo Co., Ltd..................................... 55,800 264,978 # Kenko Mayonnaise Co., Ltd.......................... 1,100 15,662 * KI Holdings Co., Ltd............................... 104,000 437,509 # Kimoto Co., Ltd.................................... 211,600 535,818 Kimura Unity Co., Ltd.............................. 3,300 28,143 #* Kinki Sharyo Co., Ltd. (The)....................... 420,000 1,175,612 Kita-Nippon Bank, Ltd. (The)....................... 178,100 4,684,347 # Kitagawa Iron Works Co., Ltd....................... 1,436,000 2,869,984 Kitano Construction Corp........................... 731,000 2,194,966 Kitz Corp.......................................... 210,700 1,000,500 Kiyo Bank, Ltd. (The).............................. 62,700 782,215 475 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Koa Corp........................................... 371,089 $ 3,397,917 Koatsu Gas Kogyo Co., Ltd.......................... 33,000 168,227 # Kohnan Shoji Co., Ltd.............................. 962,100 10,876,261 Koike Sanso Kogyo Co., Ltd......................... 8,000 28,551 Kojima Co., Ltd.................................... 706,900 1,889,820 Kokuyo Co., Ltd.................................... 2,051,511 15,635,848 # KOMAIHALTEC, Inc................................... 1,059,000 2,510,953 Komatsu Seiren Co., Ltd............................ 776,400 3,513,145 Komatsu Wall Industry Co., Ltd..................... 147,100 3,112,452 Komori Corp........................................ 1,459,300 15,776,007 # Konaka Co., Ltd.................................... 519,849 2,714,977 Konishi Co., Ltd................................... 249,000 4,267,700 Konoike Transport Co., Ltd......................... 18,100 371,843 Krosaki Harima Corp................................ 926,000 1,904,158 KRS Corp........................................... 170,200 2,079,260 # KU Holdings Co., Ltd............................... 364,400 1,967,631 Kumiai Chemical Industry Co., Ltd.................. 213,519 1,661,637 Kurabo Industries, Ltd............................. 6,117,000 10,258,193 Kureha Corp........................................ 927,000 3,861,837 Kurimoto, Ltd...................................... 1,573,000 2,950,941 # Kuroda Electric Co., Ltd........................... 146,900 2,104,668 # KYB Co., Ltd....................................... 2,128,000 8,444,253 # Kyodo Printing Co., Ltd............................ 2,099,000 7,035,059 Kyoei Sangyo Co., Ltd.............................. 326,000 546,001 # Kyoei Steel, Ltd................................... 419,200 7,788,699 Kyokuto Boeki Kaisha, Ltd.......................... 468,000 875,156 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 862,550 9,750,941 Kyosan Electric Manufacturing Co., Ltd............. 565,000 1,798,165 Kyowa Leather Cloth Co., Ltd....................... 375,300 2,411,048 Kyudenko Corp...................................... 1,152,000 15,471,659 # Land Business Co., Ltd............................. 15,000 51,685 LEC, Inc........................................... 162,300 1,803,803 #* Lonseal Corp....................................... 306,000 374,369 Look, Inc.......................................... 647,000 1,216,478 # Macnica, Inc....................................... 264,500 7,795,598 Maeda Corp......................................... 3,969,000 30,409,523 # Maeda Road Construction Co., Ltd................... 754,000 11,898,596 Maezawa Industries, Inc............................ 208,300 567,589 Maezawa Kasei Industries Co., Ltd.................. 227,500 2,508,235 Maezawa Kyuso Industries Co., Ltd.................. 153,700 1,904,080 Mars Engineering Corp.............................. 2,100 37,151 Marubun Corp....................................... 456,200 3,059,445 Marudai Food Co., Ltd.............................. 3,183,000 11,400,012 #* Maruei Department Store Co., Ltd................... 204,400 241,764 Marufuji Sheet Piling Co., Ltd..................... 15,000 46,209 # Maruka Machinery Co., Ltd.......................... 27,800 396,406 Maruwa Co., Ltd.................................... 2,200 59,426 Maruyama Manufacturing Co., Inc.................... 110,000 214,756 Maruzen Co., Ltd................................... 20,000 178,441 Maruzen Showa Unyu Co., Ltd........................ 1,498,000 5,045,115 Matsuda Sangyo Co., Ltd............................ 51,000 578,830 Matsui Construction Co., Ltd....................... 447,700 2,614,062 Maxvalu Tokai Co., Ltd............................. 72,500 1,108,188 476 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Megmilk Snow Brand Co., Ltd........................ 371,000 $ 5,100,404 # Meiko Electronics Co., Ltd......................... 241,300 759,857 Meito Transportation Co., Ltd...................... 300 1,863 Meiwa Corp......................................... 326,200 1,273,736 # Meiwa Estate Co., Ltd.............................. 396,600 1,646,551 Melco Holdings, Inc................................ 54,500 860,222 Mesco, Inc......................................... 22,000 153,884 # Michinoku Bank, Ltd. (The)......................... 2,903,000 5,442,392 Mie Bank, Ltd. (The)............................... 1,146,000 2,539,734 Mikuni Corp........................................ 253,000 946,706 Mimasu Semiconductor Industry Co., Ltd............. 373,500 4,225,552 Minato Bank, Ltd. (The)............................ 1,415,000 2,723,727 # Ministop Co., Ltd.................................. 154,600 2,086,200 Mirait Holdings Corp............................... 810,540 9,397,082 Mitani Corp........................................ 64,800 1,490,653 Mito Securities Co., Ltd........................... 626,300 2,176,095 Mitsuba Corp....................................... 180,900 3,210,243 * Mitsubishi Paper Mills, Ltd........................ 5,052,000 3,718,830 Mitsubishi Steel Manufacturing Co., Ltd............ 2,809,000 5,686,579 Mitsuboshi Belting Co., Ltd........................ 35,000 286,060 Mitsui Engineering & Shipbuilding Co., Ltd......... 8,887,000 14,448,458 Mitsui High-Tec, Inc............................... 636,800 4,286,376 Mitsui Home Co., Ltd............................... 38,000 159,928 Mitsui Matsushima Co., Ltd......................... 1,924,000 2,033,049 Mitsui Mining & Smelting Co., Ltd.................. 1,141,000 2,382,606 Mitsui Sugar Co., Ltd.............................. 366,000 1,241,078 Mitsui-Soko Holdings Co., Ltd...................... 1,042,000 3,493,356 Mitsumi Electric Co., Ltd.......................... 2,234,100 17,038,365 Mitsumura Printing Co., Ltd........................ 111,000 250,217 # Mitsuuroko Group Holdings Co., Ltd................. 798,600 3,784,385 Miyazaki Bank, Ltd. (The).......................... 3,684,260 12,764,241 Miyoshi Oil & Fat Co., Ltd......................... 1,197,000 1,409,333 # Mizuno Corp........................................ 770,395 3,788,678 Morinaga Milk Industry Co., Ltd.................... 2,545,000 11,002,400 Morozoff, Ltd...................................... 103,000 323,050 Mory Industries, Inc............................... 672,000 2,378,325 Mr Max Corp........................................ 635,600 1,561,618 Murakami Corp...................................... 22,000 320,043 Musashino Bank, Ltd. (The)......................... 573,900 18,811,158 Mutoh Holdings Co., Ltd............................ 11,000 43,088 Nafco Co., Ltd..................................... 27,200 370,902 Nagano Bank, Ltd. (The)............................ 1,765,000 3,124,412 Nagase & Co., Ltd.................................. 423,300 5,262,331 Nakabayashi Co., Ltd............................... 972,000 1,786,266 * Nakayama Steel Works, Ltd.......................... 1,756,000 1,202,790 Namura Shipbuilding Co., Ltd....................... 387,252 3,919,510 # Nanto Bank, Ltd. (The)............................. 1,612,000 5,404,129 # Narasaki Sangyo Co., Ltd........................... 78,000 206,601 NDS Co., Ltd....................................... 878,000 2,237,296 # NEC Capital Solutions, Ltd......................... 189,500 2,851,621 Neturen Co., Ltd................................... 595,600 4,439,528 #* New Japan Chemical Co., Ltd........................ 6,100 11,075 Nice Holdings, Inc................................. 1,715,000 2,754,691 477 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) Nichia Steel Works, Ltd............................ 879,200 $ 2,559,302 Nichiban Co., Ltd.................................. 627,000 2,435,284 Nichicon Corp...................................... 898,200 6,836,572 Nichiden Corp...................................... 7,700 160,112 Nichiha Corp....................................... 213,900 2,289,562 Nichimo Co., Ltd................................... 863,000 1,467,827 Nichireki Co., Ltd................................. 543,000 4,268,639 # Nihon Dempa Kogyo Co., Ltd......................... 261,400 2,083,806 Nihon Eslead Corp.................................. 103,200 1,074,120 Nihon Kagaku Sangyo Co., Ltd....................... 21,000 155,698 # Nihon Plast Co., Ltd............................... 3,100 25,234 Nihon Tokushu Toryo Co., Ltd....................... 129,600 821,582 Nihon Yamamura Glass Co., Ltd...................... 2,461,000 3,565,420 Nikko Co., Ltd..................................... 599,000 2,032,405 Nippo Corp......................................... 749,000 11,646,554 Nippon Beet Sugar Manufacturing Co., Ltd........... 3,280,000 5,705,591 # Nippon Carbon Co., Ltd............................. 1,823,000 3,720,983 * Nippon Chemi-Con Corp.............................. 2,711,000 7,649,246 #* Nippon Chemical Industrial Co., Ltd................ 2,525,000 6,665,570 # Nippon Chutetsukan K.K............................. 481,000 960,016 Nippon Coke & Engineering Co., Ltd................. 815,800 759,012 # Nippon Concrete Industries Co., Ltd................ 1,028,900 4,900,747 * Nippon Denko Co., Ltd.............................. 2,735,260 6,894,193 Nippon Densetsu Kogyo Co., Ltd..................... 313,500 4,498,322 Nippon Felt Co., Ltd............................... 73,100 341,396 Nippon Fine Chemical Co., Ltd...................... 219,100 1,569,271 Nippon Flour Mills Co., Ltd........................ 1,711,000 8,114,944 Nippon Hume Corp................................... 582,000 4,291,161 Nippon Jogesuido Sekkei Co., Ltd................... 1,800 29,337 #* Nippon Kinzoku Co., Ltd............................ 878,000 1,065,710 # Nippon Kodoshi Corp................................ 6,600 91,832 Nippon Koei Co., Ltd............................... 1,444,000 5,804,094 Nippon Konpo Unyu Soko Co., Ltd.................... 1,250,500 19,485,813 #* Nippon Koshuha Steel Co., Ltd...................... 192,000 176,525 Nippon Light Metal Holdings Co., Ltd............... 8,704,200 13,013,012 Nippon Pillar Packing Co., Ltd..................... 322,000 2,398,348 Nippon Piston Ring Co., Ltd........................ 1,532,000 3,082,266 # Nippon Rietec Co., Ltd............................. 47,000 398,013 Nippon Road Co., Ltd. (The)........................ 2,119,000 10,117,235 Nippon Seiki Co., Ltd.............................. 39,000 881,978 Nippon Seisen Co., Ltd............................. 208,000 1,181,390 # Nippon Sharyo, Ltd................................. 290,000 871,863 * Nippon Sheet Glass Co., Ltd........................ 19,757,000 18,138,987 Nippon Soda Co., Ltd............................... 2,171,000 12,347,095 Nippon Steel & Sumikin Bussan Corp................. 2,053,800 7,503,433 Nippon Steel & Sumikin Texeng Co., Ltd............. 857,000 3,714,288 Nippon Synthetic Chemical Industry Co., Ltd. (The)............................................ 152,000 934,708 Nippon Systemware Co., Ltd......................... 198,500 1,579,802 Nippon Thompson Co., Ltd........................... 1,046,000 5,068,278 Nippon Tungsten Co., Ltd........................... 172,000 264,974 #* Nippon Yakin Kogyo Co., Ltd........................ 4,739,800 9,460,272 Nishikawa Rubber Co., Ltd.......................... 4,800 79,702 Nishimatsu Construction Co., Ltd................... 6,561,073 26,357,001 478 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Nissan Tokyo Sales Holdings Co., Ltd............... 22,700 $ 50,812 Nissei Corp........................................ 1,200 10,516 Nissei Plastic Industrial Co., Ltd................. 182,600 2,149,698 # Nisshin Fudosan Co................................. 1,034,200 4,258,652 Nisshin Oillio Group, Ltd. (The)................... 2,564,000 9,325,553 # Nisshin Steel Co., Ltd............................. 1,254,000 12,980,582 Nisshinbo Holdings, Inc............................ 1,352,000 15,192,679 Nissin Corp........................................ 775,000 1,930,200 # Nissin Electric Co., Ltd........................... 141,000 837,176 Nissin Sugar Co., Ltd.............................. 127,500 2,676,866 # Nissui Pharmaceutical Co., Ltd..................... 180,500 1,940,226 Nittan Valve Co., Ltd.............................. 177,800 495,830 Nittetsu Mining Co., Ltd........................... 1,980,000 6,998,742 # Nitto FC Co., Ltd.................................. 242,700 1,419,882 Nitto Fuji Flour Milling Co., Ltd.................. 370,000 1,006,147 Nitto Seiko Co., Ltd............................... 271,000 866,808 Nohmi Bosai, Ltd................................... 114,600 1,433,418 Nojima Corp........................................ 124,500 1,452,347 Noritake Co., Ltd.................................. 1,024,000 2,569,500 Noritsu Koki Co., Ltd.............................. 518,300 2,803,403 Noritz Corp........................................ 47,100 741,537 North Pacific Bank, Ltd............................ 4,286,200 15,967,155 # NS United Kaiun Kaisha, Ltd........................ 2,367,000 7,711,265 Obayashi Road Corp................................. 815,000 4,763,517 Oenon Holdings, Inc................................ 101,000 186,145 Ogaki Kyoritsu Bank, Ltd. (The).................... 4,938,000 15,159,694 # Ohara, Inc......................................... 109,600 525,005 Ohashi Technica, Inc............................... 9,500 125,866 OIE Sangyo Co., Ltd................................ 6,213 44,551 # Oita Bank, Ltd. (The).............................. 4,071,000 14,270,375 Okamoto Industries, Inc............................ 22,000 80,651 Okamura Corp....................................... 13,800 101,089 OKK Corp........................................... 1,865,000 2,594,617 Okumura Corp....................................... 2,657,000 12,124,328 Okura Industrial Co., Ltd.......................... 1,157,000 3,416,805 Okuwa Co., Ltd..................................... 222,000 1,810,081 Olympic Group Corp................................. 372,700 2,659,316 ONO Sokki Co., Ltd................................. 38,200 294,205 # Onoken Co., Ltd.................................... 359,800 2,943,959 Onward Holdings Co., Ltd........................... 1,289,000 8,312,577 Organo Corp........................................ 294,000 1,186,075 # Origin Electric Co., Ltd........................... 270,000 1,142,902 Osaka Organic Chemical Industry, Ltd............... 140,700 592,210 Osaka Steel Co., Ltd............................... 570,100 10,776,311 # Osaki Electric Co., Ltd............................ 434,000 2,950,009 # Otsuka Kagu, Ltd................................... 73,400 640,340 OUG Holdings, Inc.................................. 28,000 54,838 Oyo Corp........................................... 415,300 6,081,979 Pacific Industrial Co., Ltd........................ 1,204,300 9,773,983 #* Pacific Metals Co., Ltd............................ 1,384,000 3,728,384 Paltac Corp........................................ 487,600 6,137,527 Panasonic Industrial Devices SUNX Co., Ltd......... 900 6,346 # Parco Co., Ltd..................................... 253,800 2,161,481 479 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Paris Miki Holdings, Inc........................... 15,300 $ 62,072 Piolax, Inc........................................ 280,200 13,460,223 # Press Kogyo Co., Ltd............................... 1,459,000 4,915,166 * Renesas Electronics Corp........................... 6,700 48,464 # Rengo Co., Ltd..................................... 3,082,000 12,949,211 #* Renown, Inc........................................ 1,406,160 1,335,034 Rheon Automatic Machinery Co., Ltd................. 304,000 1,263,014 Rhythm Watch Co., Ltd.............................. 2,990,000 4,129,841 Riberesute Corp.................................... 9,800 57,840 # Ricoh Leasing Co., Ltd............................. 290,600 7,605,293 # Right On Co., Ltd.................................. 246,900 1,556,843 Riken Corp......................................... 388,000 1,519,493 Riken Keiki Co., Ltd............................... 158,900 1,652,758 Riken Technos Corp................................. 957,000 3,522,568 # Riken Vitamin Co., Ltd............................. 9,700 367,813 Riso Kagaku Corp................................... 517,964 9,005,208 # Round One Corp..................................... 1,736,200 10,841,883 Ryobi, Ltd......................................... 2,064,000 5,551,787 Ryoden Trading Co., Ltd............................ 866,000 5,955,724 Ryosan Co., Ltd.................................... 741,100 15,731,362 Ryoyo Electro Corp................................. 767,000 7,981,556 Sakai Chemical Industry Co., Ltd................... 2,486,000 8,846,686 Sakai Heavy Industries, Ltd........................ 569,000 1,487,907 Sakai Moving Service Co., Ltd...................... 1,700 56,203 # Sakai Ovex Co., Ltd................................ 63,000 95,251 Sakata Seed Corp................................... 28,400 493,244 Sala Corp.......................................... 242,400 1,226,191 SAMTY Co., Ltd..................................... 102,100 906,064 San Holdings, Inc.................................. 76,300 1,191,491 San-Ai Oil Co., Ltd................................ 1,333,000 8,845,557 San-In Godo Bank, Ltd. (The)....................... 4,442,900 36,251,975 Sanei Architecture Planning Co., Ltd............... 2,800 21,392 Sangetsu Co., Ltd.................................. 24,500 656,156 Sanki Engineering Co., Ltd......................... 1,624,800 9,854,779 Sankyo Seiko Co., Ltd.............................. 508,300 2,056,614 Sankyo Tateyama, Inc............................... 84,100 1,293,329 Sanoh Industrial Co., Ltd.......................... 324,900 2,044,639 # Sanoyas Holdings Corp.............................. 50,700 161,872 Sansha Electric Manufacturing Co., Ltd............. 15,000 64,791 Sanshin Electronics Co., Ltd....................... 745,100 5,080,899 Sanyo Chemical Industries, Ltd..................... 514,000 3,726,519 Sanyo Engineering & Construction, Inc.............. 195,000 858,725 # Sanyo Industries, Ltd.............................. 707,000 1,267,524 Sanyo Shokai, Ltd.................................. 1,698,628 4,002,205 Sanyo Special Steel Co., Ltd....................... 2,028,000 6,806,108 Sato Shoji Corp.................................... 179,200 1,131,361 Satori Electric Co., Ltd........................... 284,860 1,832,054 Sawada Holdings Co., Ltd........................... 32,100 232,398 # Saxa Holdings, Inc................................. 1,442,000 2,820,571 SBS Holdings, Inc.................................. 146,500 1,166,712 # Scroll Corp........................................ 695,000 1,686,246 SEC Carbon, Ltd.................................... 1,000 2,686 Seibu Electric Industry Co., Ltd................... 328,000 1,337,231 480 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Seika Corp......................................... 169,000 $ 417,784 Seino Holdings Co., Ltd............................ 2,011,119 21,883,630 Seiren Co., Ltd.................................... 1,600 13,042 Sekisui Jushi Corp................................. 516,800 6,870,125 Sekisui Plastics Co., Ltd.......................... 1,365,000 5,293,524 # Senko Co., Ltd..................................... 1,041,680 6,021,373 # Senshu Electric Co., Ltd........................... 65,700 877,360 Senshu Ikeda Holdings, Inc......................... 767,200 3,406,710 # Senshukai Co., Ltd................................. 372,700 2,628,112 # Shibaura Mechatronics Corp......................... 194,000 479,033 Shibusawa Warehouse Co., Ltd. (The)................ 227,000 663,837 Shibuya Kogyo Co., Ltd............................. 41,600 862,331 Shidax Corp........................................ 23,500 107,573 Shiga Bank, Ltd. (The)............................. 730,000 4,071,973 # Shikibo, Ltd....................................... 3,412,000 3,418,842 Shikoku Bank, Ltd. (The)........................... 2,242,000 4,685,900 Shikoku Chemicals Corp............................. 2,000 15,535 Shima Seiki Manufacturing, Ltd..................... 49,600 870,555 Shimachu Co., Ltd.................................. 1,044,500 26,180,832 Shimane Bank, Ltd. (The)........................... 8,900 106,437 Shimizu Bank, Ltd. (The)........................... 196,200 4,825,916 Shin Nippon Air Technologies Co., Ltd.............. 348,520 2,838,299 Shin-Etsu Polymer Co., Ltd......................... 668,400 2,986,756 Shinagawa Refractories Co., Ltd.................... 1,218,000 2,740,861 #* Shinkawa, Ltd...................................... 203,900 1,187,441 Shinko Electric Industries Co., Ltd................ 1,139,000 7,978,100 Shinko Shoji Co., Ltd.............................. 533,200 5,519,461 # Shinko Wire Co., Ltd............................... 543,000 805,024 Shinmaywa Industries, Ltd.......................... 2,772,000 27,002,205 # Shinnihon Corp..................................... 656,900 2,480,825 Shinsho Corp....................................... 635,000 1,426,621 Shiroki Corp....................................... 662,000 1,737,880 Shizuoka Gas Co., Ltd.............................. 123,000 785,433 Shobunsha Publications, Inc........................ 98,400 722,604 Shoei Foods Corp................................... 185,400 1,452,292 Shofu, Inc......................................... 3,500 44,473 Showa Corp......................................... 448,900 4,560,298 Sinanen Co., Ltd................................... 931,000 3,644,975 Sintokogio, Ltd.................................... 880,962 6,219,199 SKY Perfect JSAT Holdings, Inc..................... 201,600 1,220,864 SNT Corp........................................... 635,600 2,865,193 Soda Nikka Co., Ltd................................ 328,000 1,398,889 # Sodick Co., Ltd.................................... 290,900 2,509,025 # Soft99 Corp........................................ 52,300 292,271 SPK Corp........................................... 2,718 47,410 Starzen Co., Ltd................................... 15,000 51,897 Stella Chemifa Corp................................ 64,300 707,597 # Subaru Enterprise Co., Ltd......................... 247,000 925,829 Sugimoto & Co., Ltd................................ 113,400 1,201,458 Suminoe Textile Co., Ltd........................... 1,469,000 3,691,807 Sumitomo Bakelite Co., Ltd......................... 2,547,000 10,541,863 Sumitomo Densetsu Co., Ltd......................... 183,700 2,176,173 Sumitomo Forestry Co., Ltd......................... 12,500 116,262 481 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Sumitomo Osaka Cement Co., Ltd..................... 165,000 $ 479,795 # Sumitomo Precision Products Co., Ltd............... 572,000 2,444,667 Sumitomo Riko Co, Ltd.............................. 606,900 4,947,614 Sumitomo Seika Chemicals Co., Ltd.................. 58,000 410,970 Sumitomo Warehouse Co., Ltd. (The)................. 1,806,000 10,108,591 Sun-Wa Technos Corp................................ 72,000 737,195 Suncall Corp....................................... 9,000 52,103 #* SWCC Showa Holdings Co., Ltd....................... 6,772,000 5,662,151 T RAD Co., Ltd..................................... 1,037,000 2,113,834 # T&K Toka Co., Ltd.................................. 30,600 580,018 Tachi-S Co., Ltd................................... 49,100 715,302 Tachibana Eletech Co., Ltd......................... 278,800 3,851,250 # Tachikawa Corp..................................... 188,400 1,067,030 Taihei Dengyo Kaisha, Ltd.......................... 851,000 6,505,616 # Taiheiyo Kouhatsu, Inc............................. 2,081,000 1,709,906 Taiho Kogyo Co., Ltd............................... 483,900 5,380,724 Taiko Bank, Ltd. (The)............................. 248,000 466,167 Takachiho Koheki Co., Ltd.......................... 400 3,573 Takagi Securities Co., Ltd......................... 515,000 1,045,513 Takamatsu Construction Group Co., Ltd.............. 37,200 767,966 Takano Co., Ltd.................................... 288,400 1,469,009 # Takaoka Toko Co., Ltd.............................. 36,344 538,271 Takara Standard Co., Ltd........................... 926,105 7,047,529 Takasago International Corp........................ 170,000 845,468 Takasago Thermal Engineering Co., Ltd.............. 420,500 5,275,274 Takata Corp........................................ 23,900 278,752 Take And Give Needs Co., Ltd....................... 181,290 1,478,115 # Takigami Steel Construction Co., Ltd. (The)........ 194,000 954,429 Takihyo Co., Ltd................................... 17,000 59,714 Takiron Co., Ltd................................... 1,136,000 5,040,786 Tamura Corp........................................ 1,194,948 4,020,414 # Tayca Corp......................................... 842,000 3,004,390 TBK Co., Ltd....................................... 586,900 3,047,558 TECHNO ASSOCIE Co., Ltd............................ 171,900 1,579,428 Techno Ryowa, Ltd.................................. 229,770 1,046,200 Teikoku Tsushin Kogyo Co., Ltd..................... 797,000 1,517,843 # Tekken Corp........................................ 624,000 2,354,145 * Ten Allied Co., Ltd................................ 109,400 359,535 Tenma Corp......................................... 573,900 7,600,394 Teraoka Seisakusho Co., Ltd........................ 168,900 790,923 Tigers Polymer Corp................................ 311,600 2,060,677 Toa Corp........................................... 5,929,000 10,086,538 # Toa Oil Co., Ltd................................... 835,000 1,029,872 TOA ROAD Corp...................................... 986,000 3,614,119 # Toabo Corp......................................... 1,367,000 881,761 Toagosei Co., Ltd.................................. 1,311,000 5,240,420 Tochigi Bank, Ltd. (The)........................... 2,918,000 13,474,840 Toda Corp.......................................... 4,709,000 16,840,996 #* Toda Kogyo Corp.................................... 170,000 721,611 Toei Co., Ltd...................................... 830,000 4,807,109 Toenec Corp........................................ 1,106,000 5,508,383 Toho Bank, Ltd. (The).............................. 4,671,000 16,401,250 Toho Holdings Co., Ltd............................. 88,900 1,238,208 482 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) Toho Zinc Co., Ltd................................. 1,264,000 $ 3,967,696 Tohoku Bank, Ltd. (The)............................ 1,577,000 2,084,342 Tohokushinsha Film Corp............................ 6,400 46,238 # Tohto Suisan Co., Ltd.............................. 837,000 1,375,650 Tokai Carbon Co., Ltd.............................. 3,508,000 10,107,625 Tokai Lease Co., Ltd............................... 672,000 1,214,553 Tokushu Tokai Paper Co., Ltd....................... 1,727,220 4,259,584 # Tokuyama Corp...................................... 10,164,000 22,578,166 # Tokyo Electron Device, Ltd......................... 105,000 1,358,221 Tokyo Energy & Systems, Inc........................ 648,000 4,634,974 # Tokyo Keiki, Inc................................... 163,000 389,794 #* Tokyo Kikai Seisakusho, Ltd........................ 49,000 30,712 Tokyo Ohka Kogyo Co., Ltd.......................... 252,800 8,692,908 Tokyo Sangyo Co., Ltd.............................. 534,300 2,165,827 # Tokyo Steel Manufacturing Co., Ltd................. 2,924,900 21,979,032 Tokyo Tekko Co., Ltd............................... 1,235,000 6,161,954 * Tokyo TY Financial Group, Inc...................... 457,457 13,094,535 # Tokyu Recreation Co., Ltd.......................... 256,328 1,467,266 Toli Corp.......................................... 1,044,000 2,173,079 Tomato Bank, Ltd................................... 1,323,000 1,974,005 Tomen Devices Corp................................. 500 7,746 Tomoe Corp......................................... 898,800 3,275,684 Tomoe Engineering Co., Ltd......................... 35,800 510,216 Tomoku Co., Ltd.................................... 1,430,000 3,425,508 TOMONY Holdings, Inc............................... 3,401,200 14,683,980 # Tomy Co., Ltd...................................... 145,800 807,642 Tonami Holdings Co., Ltd........................... 1,568,000 5,529,095 Toppan Forms Co., Ltd.............................. 806,700 8,381,799 Topre Corp......................................... 363,200 4,994,986 Topy Industries, Ltd............................... 4,427,000 9,970,316 Torii Pharmaceutical Co., Ltd...................... 283,100 7,219,522 Toshiba Machine Co., Ltd........................... 35,000 134,217 # Tosho Printing Co., Ltd............................ 766,000 2,090,633 Totetsu Kogyo Co., Ltd............................. 29,430 702,443 Tottori Bank, Ltd. (The)........................... 1,076,000 2,129,598 Towa Bank, Ltd. (The).............................. 3,796,000 3,116,620 # Towa Corp.......................................... 87,600 533,895 # Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd......................................... 25,000 90,346 Toyo Ink SC Holdings Co., Ltd...................... 2,283,000 10,686,473 Toyo Kohan Co., Ltd................................ 2,110,000 10,830,234 Toyo Machinery & Metal Co., Ltd.................... 64,200 248,211 # Toyo Securities Co., Ltd........................... 867,000 2,540,654 Toyo Tanso Co., Ltd................................ 58,900 944,550 # Toyo Wharf & Warehouse Co., Ltd.................... 1,033,000 1,751,223 Trusco Nakayama Corp............................... 173,539 4,621,767 TSI Holdings Co., Ltd.............................. 2,322,820 13,278,625 Tsubakimoto Kogyo Co., Ltd......................... 51,000 131,156 #* Tsudakoma Corp..................................... 1,033,000 1,363,902 Tsukishima Kikai Co., Ltd.......................... 391,000 4,221,966 Tsukuba Bank, Ltd.................................. 1,272,367 3,714,364 Tsurumi Manufacturing Co., Ltd..................... 313,200 5,229,992 Tsutsumi Jewelry Co., Ltd.......................... 263,900 5,635,476 # TTK Co., Ltd....................................... 136,000 554,091 483 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Tv Tokyo Holdings Corp............................. 110,100 $ 2,409,406 TYK Corp........................................... 690,000 1,272,688 # U-Shin, Ltd........................................ 655,400 3,930,086 UACJ Corp.......................................... 583,000 1,431,841 Ube Industries, Ltd................................ 1,979,200 2,964,160 Uchida Yoko Co., Ltd............................... 1,435,000 4,474,778 Ueki Corp.......................................... 192,000 434,871 UKC Holdings Corp.................................. 178,400 2,739,769 * Ulvac, Inc......................................... 360,300 5,160,753 Uniden Corp........................................ 1,332,000 2,519,535 Unipres Corp....................................... 121,800 2,118,809 # Universal Entertainment Corp....................... 109,900 1,858,157 # UNY Group Holdings Co., Ltd........................ 3,134,500 18,034,564 # Ushio, Inc......................................... 189,900 2,200,017 Utoc Corp.......................................... 30,300 155,765 Valor Co., Ltd..................................... 26,100 492,332 # Village Vanguard Co., Ltd.......................... 16,400 194,777 Vital KSK Holdings, Inc............................ 278,415 2,138,743 Wacoal Holdings Corp............................... 1,046,000 10,367,844 Wakita & Co., Ltd.................................. 386,900 3,667,180 Warabeya Nichiyo Co., Ltd.......................... 192,200 3,215,430 * Watabe Wedding Corp................................ 53,100 226,722 Wood One Co., Ltd.................................. 605,000 1,397,562 Xebio Co., Ltd..................................... 170,100 2,632,952 # Y A C Co., Ltd..................................... 76,700 425,203 # Yachiyo Industry Co., Ltd.......................... 26,500 224,306 Yaizu Suisankagaku Industry Co., Ltd............... 26,600 232,876 YAMABIKO Corp...................................... 110,674 4,763,053 # Yamagata Bank, Ltd. (The).......................... 2,155,000 9,095,378 Yamaichi Electronics Co., Ltd...................... 122,500 852,136 Yamanashi Chuo Bank, Ltd. (The).................... 3,350,000 13,378,665 Yamatane Corp...................................... 1,075,000 1,591,490 Yamato Corp........................................ 336,000 1,213,281 Yamato International, Inc.......................... 11,200 40,904 Yamaura Corp....................................... 16,500 55,481 # Yamaya Corp........................................ 33,500 440,247 Yamazawa Co., Ltd.................................. 2,200 31,956 Yashima Denki Co., Ltd............................. 19,700 94,123 Yasuda Logistics Corp.............................. 193,900 1,698,049 Yellow Hat, Ltd.................................... 200,900 3,929,750 Yodogawa Steel Works, Ltd.......................... 3,714,000 13,361,478 Yokogawa Bridge Holdings Corp...................... 615,000 6,889,673 Yokohama Reito Co., Ltd............................ 1,201,800 8,336,367 Yokowo Co., Ltd.................................... 79,800 432,048 Yondenko Corp...................................... 443,650 1,706,570 Yonekyu Corp....................................... 5,500 85,575 # Yonex Co., Ltd..................................... 155,400 1,565,318 Yorozu Corp........................................ 218,900 4,238,973 Yotai Refractories Co., Ltd........................ 4,000 12,813 Yuasa Funashoku Co., Ltd........................... 590,000 1,675,102 Yuken Kogyo Co., Ltd............................... 269,000 558,068 Yurtec Corp........................................ 1,080,000 7,300,650 Yusen Logistics Co., Ltd........................... 256,200 3,067,558 484 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- JAPAN -- (Continued) Yushiro Chemical Industry Co., Ltd............... 60,700 $ 944,813 Yutaka Giken Co., Ltd............................ 1,700 35,486 # Zojirushi Corp................................... 5,000 33,443 # Zuken, Inc....................................... 18,900 188,136 -------------- TOTAL JAPAN.......................................... 2,934,289,352 -------------- NETHERLANDS -- (2.0%) Accell Group..................................... 30,393 463,646 #* APERAM SA........................................ 1,811,135 47,016,261 # ASM International NV............................. 661,662 26,996,451 * Ballast Nedam NV................................. 3,701 12,197 BE Semiconductor Industries NV................... 821,028 16,663,766 BinckBank NV..................................... 668,476 5,490,904 Corbion NV....................................... 414,699 6,869,773 Delta Lloyd NV................................... 1,859,021 35,123,753 * Grontmij......................................... 59,887 240,108 # Heijmans NV...................................... 510,079 4,876,727 Hunter Douglas NV................................ 3 121 KAS Bank NV...................................... 312,319 3,602,689 # Koninklijke BAM Groep NV......................... 7,339,756 22,029,702 # Koninklijke Ten Cate NV.......................... 386,647 8,566,486 * Macintosh Retail Group NV........................ 7,600 21,278 #* Ordina NV........................................ 2,006,476 3,225,186 * SBM Offshore NV.................................. 956,495 10,435,703 #* SNS Reaal NV..................................... 4,344,025 -- * Telegraaf Media Groep NV......................... 93,393 601,287 TNT Express NV................................... 1,459,429 9,545,143 #* TomTom NV........................................ 2,919,396 19,183,444 USG People NV.................................... 1,807,172 20,826,965 Wessanen......................................... 536,061 3,422,987 -------------- TOTAL NETHERLANDS.................................... 245,214,577 -------------- NEW ZEALAND -- (0.4%) # Abano Healthcare Group, Ltd...................... 754 4,664 Air New Zealand, Ltd............................. 10,040,481 18,995,395 Auckland International Airport, Ltd.............. 285,438 923,182 Cavalier Corp., Ltd.............................. 3,143 1,261 CDL Investments New Zealand, Ltd................. 142,030 62,042 #* Chorus, Ltd...................................... 1,016,970 1,954,614 Colonial Motor Co., Ltd. (The)................... 243,551 1,121,344 # Ebos Group, Ltd.................................. 147,028 1,009,171 # Heartland New Zealand, Ltd....................... 625,068 600,406 Hellaby Holdings, Ltd............................ 4,218 9,712 # Kathmandu Holdings, Ltd.......................... 28,829 42,168 # Metlifecare, Ltd................................. 9,684 33,770 Millennium & Copthorne Hotels New Zealand, Ltd... 905,618 882,870 New Zealand Oil & Gas, Ltd....................... 2,486,555 1,160,041 * New Zealand Refining Co., Ltd. (The)............. 52,019 95,978 # Nuplex Industries, Ltd........................... 3,061,955 6,633,981 # PGG Wrightson, Ltd............................... 2,145,277 755,271 * Richina Pacific, Ltd............................. 832,183 -- * Rubicon, Ltd..................................... 3,767,301 961,941 485 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- NEW ZEALAND -- (Continued) Sanford, Ltd....................................... 1,099,644 $ 3,980,337 # Sky Network Television, Ltd........................ 802,041 3,526,588 Steel & Tube Holdings, Ltd......................... 201,465 421,055 * Tenon, Ltd......................................... 137,210 189,754 Tourism Holdings, Ltd.............................. 870,292 1,135,734 Tower, Ltd......................................... 2,575,269 4,229,130 ----------- TOTAL NEW ZEALAND...................................... 48,730,409 ----------- NORWAY -- (0.7%) # Akastor ASA........................................ 795,250 1,955,199 Aker ASA Class A................................... 34,193 730,312 #* Archer, Ltd........................................ 4,535,282 1,799,418 Austevoll Seafood ASA.............................. 1,055,380 6,163,468 # Bonheur ASA........................................ 231,743 2,153,273 BW Offshore, Ltd................................... 7,415,965 7,131,586 Deep Sea Supply P.L.C.............................. 1,267,349 666,164 * DOF ASA............................................ 563,923 767,879 #* Dolphin Group A.S.................................. 2,549,452 891,755 Eltek ASA.......................................... 1,433,745 2,140,175 Evry ASA........................................... 260,527 540,105 Farstad Shipping ASA............................... 207,709 982,247 # Fred Olsen Energy ASA.............................. 110,957 929,878 #* Frontline, Ltd..................................... 444,224 1,057,964 # Ganger Rolf ASA.................................... 402,365 3,633,951 # Golden Ocean Group, Ltd............................ 6,058,932 3,745,544 * Grieg Seafood ASA.................................. 103,905 375,855 * Havila Shipping ASA................................ 38,346 73,813 * Kongsberg Automotive ASA........................... 10,167,813 7,993,858 Kvaerner ASA....................................... 1,772,399 2,063,767 #* Norske Skogindustrier ASA.......................... 4,657,451 4,263,490 Northern Offshore, Ltd............................. 44,072 17,710 #* Odfjell SE Class A................................. 249,938 699,880 #* Panoro Energy ASA.................................. 4,620,138 806,454 # Petroleum Geo-Services ASA......................... 1,576,005 8,569,201 #* REC Silicon ASA.................................... 32,846,857 7,014,455 * REC Solar ASA...................................... 229,507 3,016,541 #* Sevan Drilling A.S................................. 2,835,940 249,208 Sevan Marine ASA................................... 531,955 1,342,693 Siem Offshore, Inc................................. 580,412 162,271 # Solstad Offshore ASA............................... 359,951 2,892,337 #* Songa Offshore..................................... 7,132,959 1,415,392 SpareBank 1 SMN.................................... 797,325 5,651,026 SpareBank 1 SR Bank ASA............................ 23,259 146,055 Stolt-Nielsen, Ltd................................. 199,371 3,147,891 * TTS Group ASA...................................... 61,027 35,995 Wilh Wilhelmsen Holding ASA Class A................ 253,163 4,909,891 ----------- TOTAL NORWAY........................................... 90,136,701 ----------- PORTUGAL -- (0.4%) #* Banco BPI SA....................................... 6,709,104 6,295,894 #* Banco Comercial Portugues SA....................... 408,564,134 28,773,579 Corticeira Amorim SGPS SA.......................... 2,076,904 7,784,452 486 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- PORTUGAL -- (Continued) EDP Renovaveis SA.................................. 194,831 $ 1,302,354 NOS SGPS........................................... 561,895 3,566,954 Novabase SGPS SA................................... 10,085 25,640 * Papelaria Fernandes-Industria e Comercia SA........ 2,000 -- Semapa-Sociedade de Investimento e Gestao.......... 90,903 1,064,179 * Sonae Capital SGPS SA.............................. 289,985 94,173 #* Sonae Industria SGPS SA............................ 146,714,999 1,071,819 Sumol + Compal SA.................................. 53,800 66,890 Teixeira Duarte SA................................. 155,322 123,581 ----------- TOTAL PORTUGAL......................................... 50,169,515 ----------- RUSSIA -- (0.0%) * Exillon Energy P.L.C............................... 205,863 386,624 ----------- SINGAPORE -- (1.4%) * Abterra, Ltd....................................... 52,000 21,210 # ASL Marine Holdings, Ltd........................... 1,254,800 395,905 #* Ausgroup, Ltd...................................... 1,557,000 345,225 Banyan Tree Holdings, Ltd.......................... 59,000 22,853 #* Biosensors International Group, Ltd................ 9,900,800 4,714,993 Bonvests Holdings, Ltd............................. 1,338,280 1,353,596 #* Broadway Industrial Group, Ltd..................... 4,031,267 582,799 # China Merchants Holdings Pacific, Ltd.............. 1,751,000 1,268,795 Chip Eng Seng Corp., Ltd........................... 8,982,198 6,020,987 # Chuan Hup Holdings, Ltd............................ 7,757,000 1,566,286 Cosco Corp. Singapore, Ltd......................... 224,400 89,590 Creative Technology, Ltd........................... 799,150 1,029,098 CSC Holdings, Ltd.................................. 348,000 12,526 * Delong Holdings, Ltd............................... 679,000 111,828 DMX Technologies Group, Ltd........................ 3,585,000 425,600 EnGro Corp., Ltd................................... 115,500 101,256 * Excel Machine Tools, Ltd........................... 473,000 -- # Ezra Holdings, Ltd................................. 18,924,700 7,400,414 Falcon Energy Group, Ltd........................... 389,700 79,080 Far East Orchard, Ltd.............................. 5,199,720 6,487,020 * First Sponsor Group, Ltd........................... 980,587 877,144 GK Goh Holdings, Ltd............................... 2,295,000 1,551,056 Global Premium Hotels, Ltd......................... 37,000 9,697 GMG Global, Ltd.................................... 3,164,000 149,156 GP Batteries International, Ltd.................... 170,000 119,141 GP Industries, Ltd................................. 2,169,808 1,038,159 * Hanwell Holdings, Ltd.............................. 6,729,043 1,380,359 * Healthway Medical Corp., Ltd....................... 3,497,000 118,427 HG Metal Manufacturing, Ltd........................ 1,230,000 61,081 Hi-P International, Ltd............................ 66,000 34,422 Hiap Hoe, Ltd...................................... 47,000 28,759 Ho Bee Land, Ltd................................... 6,925,000 10,591,923 Hong Fok Corp., Ltd................................ 7,599,000 5,099,357 Hong Leong Asia, Ltd............................... 991,000 1,055,238 # Hotel Grand Central, Ltd........................... 2,765,239 2,698,050 Hour Glass, Ltd. (The)............................. 1,166,960 632,151 HupSteel, Ltd...................................... 29,000 4,190 Hwa Hong Corp., Ltd................................ 1,014,000 254,561 487 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- SINGAPORE -- (Continued) Indofood Agri Resources, Ltd....................... 8,068,900 $ 4,218,577 InnoTek, Ltd....................................... 4,120,000 777,680 IPC Corp., Ltd..................................... 16,472,000 1,859,432 Isetan Singapore, Ltd.............................. 171,000 589,306 # Jaya Holdings, Ltd................................. 1,254,000 31,313 * Jurong Technologies Industrial Corp., Ltd.......... 3,391,000 -- k1 Ventures, Ltd................................... 13,889,000 1,916,113 Koh Brothers Group, Ltd............................ 1,464,000 335,548 * KS Energy, Ltd..................................... 16,000 4,580 LCD Global Investments, Ltd........................ 6,813,960 1,747,674 * Li Heng Chemical Fibre Technologies, Ltd........... 11,463,000 998,666 Lian Beng Group, Ltd............................... 2,072,400 963,242 #* Linc Energy, Ltd................................... 1,584,514 679,892 Low Keng Huat Singapore, Ltd....................... 85,000 46,164 Lum Chang Holdings, Ltd............................ 1,416,000 371,970 Marco Polo Marine, Ltd............................. 129,000 26,639 * Mercator Lines Singapore, Ltd...................... 695,000 44,169 # Mermaid Maritime PCL............................... 3,279,000 724,960 Metro Holdings, Ltd................................ 10,849,960 7,815,853 Mewah International, Inc........................... 56,000 15,678 # Midas Holdings, Ltd................................ 25,281,000 6,326,081 #* Neptune Orient Lines, Ltd.......................... 1,003,000 747,587 # NSL, Ltd........................................... 646,000 768,857 #* Oceanus Group, Ltd................................. 2,831,800 25,209 # Otto Marine, Ltd................................... 18,222,500 561,425 # OUE, Ltd........................................... 1,260,000 2,046,261 # Penguin International, Ltd......................... 107,250 18,187 Popular Holdings, Ltd.............................. 8,482,250 1,943,331 QAF, Ltd........................................... 3,808,637 2,822,037 # Raffles Education Corp., Ltd....................... 15,068,200 3,679,078 Rickmers Maritime.................................. 245,000 52,488 * S I2I, Ltd......................................... 13,668,000 40,060 San Teh, Ltd....................................... 625,800 128,628 Sinarmas Land, Ltd................................. 375,000 179,682 Sing Holdings, Ltd................................. 399,000 100,143 Sing Investments & Finance, Ltd.................... 84,000 80,901 Singapore Reinsurance Corp., Ltd................... 3,080,110 719,076 Singapore Shipping Corp., Ltd...................... 402,000 88,905 Singapura Finance, Ltd............................. 210,000 165,370 #* Sino Grandness Food Industry Group, Ltd............ 2,485,000 925,036 # Stamford Land Corp., Ltd........................... 4,041,000 1,685,313 # Sunningdale Tech, Ltd.............................. 10,519,000 1,551,902 #* SunVic Chemical Holdings, Ltd...................... 8,226,900 2,881,945 # Swiber Holdings, Ltd............................... 23,128,500 3,262,028 # Tat Hong Holdings, Ltd............................. 1,722,000 939,315 Tiong Woon Corp. Holding, Ltd...................... 8,059,500 1,369,662 # Tuan Sing Holdings, Ltd............................ 17,928,152 5,357,347 UMS Holdings, Ltd.................................. 3,570,750 1,357,260 # United Engineers, Ltd.............................. 9,399,332 21,084,366 # United Industrial Corp., Ltd....................... 4,194,314 10,921,264 * Vard Holdings, Ltd................................. 668,200 248,701 Vibrant Group, Ltd................................. 569,000 41,568 Wheelock Properties Singapore, Ltd................. 2,267,000 3,143,140 488 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SINGAPORE -- (Continued) Wing Tai Holdings, Ltd............................. 10,204,954 $ 13,790,832 Yeo Hiap Seng, Ltd................................. 910,457 1,170,888 YHI International, Ltd............................. 31,000 5,499 # Yongnam Holdings, Ltd.............................. 1,941,000 256,455 ------------ TOTAL SINGAPORE........................................ 171,385,215 ------------ SPAIN -- (2.4%) # Abengoa SA......................................... 696,680 2,225,342 # Abengoa SA Class B................................. 2,401,624 7,095,770 * Acciona SA......................................... 280,550 20,054,804 Acerinox SA........................................ 303,551 4,519,091 # Adveo Group International SA....................... 189,359 2,775,798 * Azkoyen SA......................................... 2,580 6,149 Bankinter SA....................................... 8,578,783 59,601,717 * Baron de Ley....................................... 22,116 1,923,250 #* Caja de Ahorros del Mediterraneo................... 298,813 -- #* Cementos Portland Valderrivas SA................... 212,743 1,411,610 # Construcciones y Auxiliar de Ferrocarriles SA...... 3,853 1,295,314 Dinamia Capital Privado Sociedad de Capital Riesgo SA............................................... 44,356 387,493 Ebro Foods SA...................................... 599,752 10,205,145 Elecnor SA......................................... 4,667 43,142 Ence Energia y Celulosa S.A........................ 3,958,762 11,839,488 * Ercros SA.......................................... 1,850,875 866,548 * Espanola del Zinc SA............................... 53,703 -- * Fluidra SA......................................... 182,140 614,003 #* Fomento de Construcciones y Contratas SA........... 1,550,180 19,189,052 * Gamesa Corp. Tecnologica SA........................ 6,939,007 68,604,119 Grupo Catalana Occidente SA........................ 69,108 1,975,984 Iberpapel Gestion SA............................... 107,514 1,584,282 # Indra Sistemas SA.................................. 432,126 4,414,450 # Melia Hotels International SA...................... 1,283,223 14,740,051 Miquel y Costas & Miquel SA........................ 27,041 936,938 #* NH Hotel Group SA.................................. 2,795,827 13,803,264 # Obrascon Huarte Lain SA............................ 720,086 16,638,963 Papeles y Cartones de Europa SA.................... 946,146 4,547,896 * Pescanova SA....................................... 338,483 -- * Promotora de Informaciones SA Class A.............. 5,708,596 1,513,827 * Realia Business SA................................. 56,325 38,785 * Sacyr SA........................................... 7,565,697 27,979,920 * Sociedad Nacional de Industrias Apicaciones Celulosa Espanola SA............................. 370,644 15,392 #* Solaria Energia y Medio Ambiente SA................ 874,764 738,157 * Telecomunicaciones y Energia....................... 10,394 17,492 Tubacex SA......................................... 254,293 743,883 Tubos Reunidos SA.................................. 296,278 530,605 Vidrala SA......................................... 863 42,902 * Vocento SA......................................... 14,029 26,282 ------------ TOTAL SPAIN............................................ 302,946,908 ------------ SWEDEN -- (3.3%) # AAK AB............................................. 3,239 175,934 Acando AB.......................................... 809,358 1,309,831 # AddNode Group AB................................... 37,990 215,895 489 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SWEDEN -- (Continued) AF AB Class B...................................... 110,902 $ 1,698,949 #* Arise AB........................................... 83,245 155,650 B&B Tools AB Class B............................... 248,141 4,245,075 #* BE Group AB........................................ 125,805 72,709 Beijer Alma AB..................................... 15,552 374,387 Beijer Ref AB Class B.............................. 185,323 3,011,066 Bilia AB Class A................................... 442,474 13,419,458 BillerudKorsnas AB................................. 3,271,323 49,656,935 # Biotage AB......................................... 895,743 1,540,668 Bulten AB.......................................... 164,638 1,513,232 Bure Equity AB..................................... 1,245,863 5,832,409 Catena AB.......................................... 97,210 1,277,579 Cavotec SA......................................... 12,585 42,238 #* Cloetta AB Class B................................. 1,504,335 4,556,042 Concentric AB...................................... 619,100 7,908,953 * Concordia Maritime AB Class B...................... 400,102 613,511 * CyberCom Group AB.................................. 1,031,533 345,576 Doro AB............................................ 63,242 330,252 Duni AB............................................ 190,404 2,814,869 * East Capital Explorer AB........................... 87,636 484,689 Enea AB............................................ 2,241 20,213 #* Eniro AB........................................... 2,458,895 1,514,410 Gunnebo AB......................................... 426,646 2,076,289 Haldex AB.......................................... 1,212,440 16,371,934 HIQ International AB............................... 2,405 12,447 Holmen AB Class B.................................. 1,369,408 49,409,607 Industrial & Financial Systems Class B............. 49,519 1,524,684 KappAhl AB......................................... 614,352 3,093,461 #* Karolinska Development AB Class B.................. 86,701 124,403 KNOW IT AB......................................... 159,909 939,931 Lagercrantz AB Class B............................. 200,122 3,500,170 * Lindab International AB............................ 701,179 5,805,802 Meda AB Class A.................................... 1,663,188 23,424,454 #* Medivir AB Class B................................. 53,079 629,187 Mekonomen AB....................................... 33,409 784,783 Modern Times Group AB Class B...................... 154,879 4,383,354 MQ Holding AB...................................... 322,460 1,399,051 Mycronic AB........................................ 1,784,027 6,234,870 * Net Insight AB Class B............................. 2,205,783 978,243 # New Wave Group AB Class B.......................... 1,084,969 5,741,060 Nibe Industrier AB Class B......................... 6,052 153,734 Nobia AB........................................... 535,532 4,642,659 Nolato AB Class B.................................. 161,524 3,875,906 Nordnet AB Class B................................. 51,076 171,182 #* PA Resources AB.................................... 216,361 32,426 Peab AB............................................ 2,209,788 15,893,189 #* Pricer AB Class B.................................. 172,034 157,648 Proact IT Group AB................................. 49,003 496,356 # Proffice AB Class B................................ 65,216 157,548 # Ratos AB Class B................................... 651,400 4,069,859 * Rezidor Hotel Group AB............................. 11,995 45,027 #* rnb Retail and Brands AB........................... 95,803 161,923 Saab AB Class B.................................... 818,991 19,936,253 490 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SWEDEN -- (Continued) #* SAS AB............................................. 4,375,726 $ 8,753,552 Semcon AB.......................................... 38,736 243,348 SkiStar AB......................................... 11,778 120,363 #* SSAB AB Class A(B17H0S8)........................... 2,794,705 13,572,177 #* SSAB AB Class A(BPRBWK4)........................... 942,588 4,583,946 * SSAB AB Class B(B17H3F6)........................... 854,023 3,675,387 * SSAB AB Class B(BPRBWM6)........................... 2,406,562 10,409,108 * Swedish Orphan Biovitrum AB........................ 743,259 7,790,722 TradeDoubler AB.................................... 101,491 116,599 #* Transcom Worldwide AB.............................. 94,869 647,809 Trelleborg AB Class B.............................. 4,514,667 81,647,866 ------------ TOTAL SWEDEN........................................... 410,918,847 ------------ SWITZERLAND -- (3.8%) # AFG Arbonia-Forster Holding AG..................... 296,881 5,325,788 Allreal Holding AG................................. 164,784 25,908,170 # Alpiq Holding AG................................... 26,266 1,856,019 ALSO Holding AG.................................... 9,450 515,096 Autoneum Holding AG................................ 11,277 1,887,482 Baloise Holding AG................................. 199,039 25,908,349 Bank Coop AG....................................... 18,932 837,481 Banque Cantonale de Geneve......................... 13,130 3,111,097 Banque Cantonale du Jura........................... 7,948 547,593 Banque Cantonale Vaudoise.......................... 12,689 7,403,544 # Basler Kantonalbank................................ 6,886 476,200 Bell AG............................................ 227 547,933 Bellevue Group AG.................................. 58,366 956,663 # Berner Kantonalbank AG............................. 6,725 1,323,059 Bobst Group SA..................................... 194,799 5,942,185 Carlo Gavazzi Holding AG........................... 7,688 1,664,858 Cham Paper Holding AG.............................. 11,660 2,952,615 * Charles Voegele Holding AG......................... 174,066 2,493,469 Cicor Technologies................................. 12,055 425,104 Cie Financiere Tradition SA........................ 1,676 75,555 Clariant AG........................................ 512,887 8,240,180 Coltene Holding AG................................. 54,355 3,675,135 Conzzeta AG........................................ 3,818 12,383,227 Daetwyler Holding AG............................... 127,534 15,214,304 EFG International AG............................... 752,909 8,124,751 Emmi AG............................................ 40,449 13,209,281 Energiedienst Holding AG........................... 2,883 87,756 Flughafen Zuerich AG............................... 47,523 32,354,236 Forbo Holding AG................................... 8,759 8,469,196 GAM Holding AG..................................... 1,915,185 33,845,436 Georg Fischer AG................................... 26,353 15,803,121 # Gurit Holding AG................................... 8,835 3,162,003 Helvetia Holding AG................................ 160,011 81,620,194 HOCHDORF Holding AG................................ 991 130,397 Huber & Suhner AG.................................. 8,405 374,164 Implenia AG........................................ 262,982 14,384,104 Intershop Holdings AG.............................. 6,421 2,586,363 Jungfraubahn Holding AG............................ 4,181 361,503 Kardex AG.......................................... 55,067 2,633,987 491 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SWITZERLAND -- (Continued) Komax Holding AG................................... 15,026 $ 2,262,074 Kudelski SA........................................ 173,873 1,991,657 Liechtensteinische Landesbank AG................... 53,100 2,249,673 Lonza Group AG..................................... 18,845 2,231,930 # Luzerner Kantonalbank AG........................... 3,239 1,238,440 MCH Group AG....................................... 6,712 438,599 #* Meyer Burger Technology AG......................... 1,046,351 6,490,989 Micronas Semiconductor Holding AG.................. 99,255 593,055 Mikron Holding AG.................................. 38,875 285,070 Mobimo Holding AG.................................. 24,737 5,713,364 * Orascom Development Holding AG..................... 104,511 1,797,466 Orior AG........................................... 3,109 181,152 Romande Energie Holding SA......................... 4,013 4,235,963 * Schmolz + Bickenbach AG............................ 9,682,338 8,627,752 Schweiter Technologies AG.......................... 2,802 2,149,180 Siegfried Holding AG............................... 28,408 4,733,026 St Galler Kantonalbank AG.......................... 16,315 6,195,678 Sulzer AG.......................................... 91,767 9,716,310 Swiss Life Holding AG.............................. 99,320 22,163,603 Tamedia AG......................................... 4,482 614,298 * Tornos Holding AG.................................. 42,112 192,106 * Valartis Group AG.................................. 3,658 60,445 Valiant Holding AG................................. 114,273 9,325,166 Valora Holding AG.................................. 47,181 11,415,395 Vaudoise Assurances Holding SA Class B............. 22,190 10,441,252 Vetropack Holding AG............................... 598 867,924 Vontobel Holding AG................................ 155,935 5,212,618 VP Bank AG......................................... 37,874 3,056,093 Zehnder Group AG................................... 31,580 1,376,964 Zug Estates Holding AG............................. 216 301,977 Zuger Kantonalbank AG.............................. 65 315,045 ------------ TOTAL SWITZERLAND...................................... 473,291,862 ------------ UNITED KINGDOM -- (21.5%) Acacia Mining P.L.C................................ 1,387,129 5,892,938 Acal P.L.C......................................... 561,584 2,175,389 #* Afren P.L.C........................................ 2,935,351 236,390 * Aga Rangemaster Group P.L.C........................ 1,898,962 2,937,762 Alent P.L.C........................................ 5,393,998 29,622,834 Alumasc Group P.L.C. (The)......................... 575,307 1,034,047 Amlin P.L.C........................................ 11,350,651 83,169,596 Anglo Pacific Group P.L.C.......................... 1,230,514 1,566,756 Anglo-Eastern Plantations P.L.C.................... 241,403 2,082,158 Ashtead Group P.L.C................................ 6,801,159 110,671,914 Avesco Group P.L.C................................. 84,124 148,993 Bank of Georgia Holdings P.L.C..................... 31,047 947,828 Barratt Developments P.L.C......................... 18,910,790 130,171,993 BBA Aviation P.L.C................................. 1,446,324 7,376,054 Beazley P.L.C...................................... 12,511,235 54,205,980 Bellway P.L.C...................................... 3,448,205 94,396,410 Berendsen P.L.C.................................... 634,985 10,626,730 Berkeley Group Holdings P.L.C...................... 134,731 4,911,048 Bloomsbury Publishing P.L.C........................ 91,152 203,599 492 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- UNITED KINGDOM -- (Continued) Bodycote P.L.C..................................... 5,021,077 $51,343,186 Boot Henry P.L.C................................... 1,143,997 3,617,828 Bovis Homes Group P.L.C............................ 3,873,929 48,360,331 Braemar Shipping Services P.L.C.................... 1,546 10,808 British Polythene Industries P.L.C................. 319,936 3,093,968 # Bwin.Party Digital Entertainment P.L.C............. 1,708,264 2,738,767 * Cairn Energy P.L.C................................. 1,158,380 3,338,454 # Camellia P.L.C..................................... 2,629 360,120 Cape P.L.C......................................... 240,797 756,640 Capital & Regional P.L.C........................... 5,166,314 4,150,711 Carclo P.L.C....................................... 40,472 62,266 # Carillion P.L.C.................................... 4,895,970 25,147,034 Carr's Milling Industries P.L.C.................... 455,020 968,782 Castings P.L.C..................................... 435,213 2,517,920 Catlin Group, Ltd.................................. 9,089,700 95,333,213 # Centamin P.L.C..................................... 5,373,438 5,428,449 # Centaur Media P.L.C................................ 131,854 127,071 Chemring Group P.L.C............................... 503,183 1,636,809 Chesnara P.L.C..................................... 318,709 1,687,052 Chime Communications P.L.C......................... 170,277 649,080 Cineworld Group P.L.C.............................. 4,614 29,409 Close Brothers Group P.L.C......................... 1,724,250 39,345,754 * Coalfield Resources P.L.C.......................... 911,673 74,494 * Colt Group SA...................................... 5,840,959 11,655,384 # Communisis P.L.C................................... 2,833,177 2,345,160 Computacenter P.L.C................................ 1,910,955 18,575,332 Cranswick P.L.C.................................... 4,722 92,964 Creston P.L.C...................................... 187,426 351,254 CSR P.L.C.......................................... 4,886,688 62,610,413 Daejan Holdings P.L.C.............................. 75,083 6,197,162 Dairy Crest Group P.L.C............................ 695,827 5,118,309 Debenhams P.L.C.................................... 5,943,870 6,705,992 Development Securities P.L.C....................... 2,446,450 8,889,642 Dixons Carphone P.L.C.............................. 10,432,363 68,176,229 Drax Group P.L.C................................... 538,213 2,920,320 DS Smith P.L.C..................................... 15,172,280 72,162,128 easyJet P.L.C...................................... 41,355 1,153,103 Elementis P.L.C.................................... 3,522,102 14,622,955 * EnQuest P.L.C...................................... 1,197,226 612,478 * Enterprise Inns P.L.C.............................. 11,741,621 18,229,646 # Evraz P.L.C........................................ 1,684,328 4,310,438 Fenner P.L.C....................................... 50,520 140,289 Ferrexpo P.L.C..................................... 187,750 141,585 * Findel P.L.C....................................... 3,863 12,264 * Firstgroup P.L.C................................... 2,630,793 3,926,282 Future P.L.C....................................... 1,768,908 287,130 Galliford Try P.L.C................................ 836,728 16,568,673 * Gem Diamonds, Ltd.................................. 2,063,272 4,387,271 Grafton Group P.L.C................................ 1,850,057 18,619,177 # Greene King P.L.C.................................. 5,119,224 64,679,818 * Hardy Oil & Gas P.L.C.............................. 78,909 56,872 Harvey Nash Group P.L.C............................ 660,735 789,019 Headlam Group P.L.C................................ 31,725 214,623 493 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ UNITED KINGDOM -- (Continued) Helical Bar P.L.C.................................. 2,484,807 $ 14,269,636 Hiscox, Ltd........................................ 8,547,223 94,408,912 * Hochschild Mining P.L.C............................ 267,932 365,456 Home Retail Group P.L.C............................ 17,089,246 49,361,677 Hunting P.L.C...................................... 265,332 1,579,586 Huntsworth P.L.C................................... 3,242,574 2,212,755 Inchcape P.L.C..................................... 8,858,210 92,532,018 Intermediate Capital Group P.L.C................... 2,324,248 17,221,673 * International Ferro Metals, Ltd.................... 1,960,461 118,852 Interserve P.L.C................................... 574,331 4,613,128 * IP Group P.L.C..................................... 136,737 483,169 #* JKX Oil & Gas P.L.C................................ 391,101 75,153 John Wood Group P.L.C.............................. 601,841 5,169,457 * Johnston Press P.L.C............................... 162,864 408,683 #* KAZ Minerals P.L.C................................. 1,215,725 3,664,616 Keller Group P.L.C................................. 674,594 9,030,869 Laird P.L.C........................................ 3,596,016 17,239,279 * Lamprell P.L.C..................................... 882,655 1,441,202 Lancashire Holdings, Ltd........................... 1,665,944 15,277,342 Lavendon Group P.L.C............................... 1,936,016 4,606,399 #* Lonmin P.L.C....................................... 2,696,571 6,604,179 Lookers P.L.C...................................... 257,901 579,766 Low & Bonar P.L.C.................................. 3,388,506 2,612,054 Man Group P.L.C.................................... 16,591,814 44,667,562 Management Consulting Group P.L.C.................. 3,240,625 733,473 Marshalls P.L.C.................................... 1,594,058 5,859,375 Marston's P.L.C.................................... 14,164,440 31,245,775 McBride P.L.C...................................... 21,858 26,464 * Mecom Group P.L.C.................................. 300,899 692,272 Meggitt P.L.C...................................... 3,003,229 24,277,762 Melrose Industries P.L.C........................... 1,063,715 4,234,343 Millennium & Copthorne Hotels P.L.C................ 4,813,561 41,744,959 * Mitchells & Butlers P.L.C.......................... 5,808,236 37,150,832 MJ Gleeson P.L.C................................... 647,169 3,527,790 Mondi P.L.C........................................ 2,462,178 43,922,469 # Morgan Sindall Group P.L.C......................... 112,118 1,125,098 * Mothercare P.L.C................................... 327,067 881,702 N Brown Group P.L.C................................ 24,874 161,160 National Express Group P.L.C....................... 4,083,427 15,663,326 #* New World Resources P.L.C. Class A................. 32,193 618 Northgate P.L.C.................................... 2,617,277 24,329,387 Novae Group P.L.C.................................. 631,375 5,697,067 Pace P.L.C......................................... 922,314 4,628,724 Pendragon P.L.C.................................... 6,346,912 3,405,557 Persimmon P.L.C.................................... 6,815,578 163,157,703 * Petra Diamonds, Ltd................................ 21,276 49,056 #* Petropavlovsk P.L.C................................ 577,780 117,510 Phoenix Group Holdings............................. 1,413,674 17,804,627 Phoenix IT Group P.L.C............................. 16,230 34,404 * Premier Foods P.L.C................................ 14,447,341 9,400,775 Premier Oil P.L.C.................................. 1,652,939 3,583,719 #* Punch Taverns P.L.C................................ 474,599 782,089 * PV Crystalox Solar P.L.C........................... 86,192 13,440 494 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ UNITED KINGDOM -- (Continued) * Quintain Estates & Development P.L.C............... 7,333,546 $ 10,624,364 REA Holdings P.L.C................................. 1,354 6,706 Redrow P.L.C....................................... 5,687,638 24,124,312 * Renold P.L.C....................................... 1,122,936 947,719 RPS Group P.L.C.................................... 728,755 1,997,323 S&U P.L.C.......................................... 3,928 121,998 * Salamander Energy P.L.C............................ 1,537,302 1,621,349 * SDL P.L.C.......................................... 38,845 247,568 Serco Group P.L.C.................................. 250,686 580,830 * Severfield P.L.C................................... 261,818 266,622 Shanks Group P.L.C................................. 6,122,939 9,050,998 SIG P.L.C.......................................... 14,457,617 40,095,464 Soco International P.L.C........................... 22,971 90,197 Speedy Hire P.L.C.................................. 2,905,187 3,175,861 Spirent Communications P.L.C....................... 186,014 248,355 Spirit Pub Co. P.L.C............................... 11,189,077 19,364,905 * Sportech P.L.C..................................... 171,230 163,668 St Ives P.L.C...................................... 2,308,953 6,203,947 ST Modwen Properties P.L.C......................... 3,794,135 23,864,513 Taylor Wimpey P.L.C................................ 67,857,150 137,856,140 * Thomas Cook Group P.L.C............................ 24,489,353 47,020,877 Travis Perkins P.L.C............................... 3,814,289 110,066,097 Treatt P.L.C....................................... 118,770 284,989 # Trifast P.L.C...................................... 888,900 1,415,900 * Trinity Mirror P.L.C............................... 7,644,285 19,821,542 TT electronics P.L.C............................... 2,547,362 4,228,937 TUI AG(5666292).................................... 3,423,151 60,196,129 * TUI AG(BSS7HQ3).................................... 937,872 16,216,923 Tullett Prebon P.L.C............................... 283,843 1,427,516 UTV Media P.L.C.................................... 6,241 17,952 Vedanta Resources P.L.C............................ 280,258 1,566,084 Vesuvius P.L.C..................................... 5,991,056 39,556,687 Vitec Group P.L.C. (The)........................... 1,961 18,213 Vp P.L.C........................................... 315,426 2,849,783 * William Ransom & Son Holding P.L.C................. 65,000 -- 495 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- --------------- UNITED KINGDOM -- (Continued) Xchanging P.L.C.............................. 1,366,835 $ 3,220,841 --------------- TOTAL UNITED KINGDOM............................... 2,669,064,685 --------------- TOTAL COMMON STOCKS................................ 11,486,600,483 --------------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) #* Ramelius Resources, Ltd. Warrants 08/01/15... 258,526 11,070 --------------- AUSTRIA -- (0.0%) #* Intercell AG Rights.......................... 41,929 -- --------------- HONG KONG -- (0.0%) * International Standard Resources Holdings, Ltd. Warrants 11/26/15..................... 4,843,667 59,356 --------------- TOTAL RIGHTS/WARRANTS.............................. 70,426 --------------- SECURITIES LENDING COLLATERAL -- (7.5%) (S)@ DFA Short Term Investment Fund............... 81,047,886 937,724,044 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $11,290,934,284)^^......................... $12,424,394,953 =============== 496 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ --------------- ------- --------------- Common Stocks Australia............. $ 2,420 $ 557,366,020 -- $ 557,368,440 Austria............... -- 74,876,560 -- 74,876,560 Belgium............... -- 109,875,951 -- 109,875,951 Canada................ 924,485,332 436,472 -- 924,921,804 China................. -- 1,859,498 -- 1,859,498 Denmark............... -- 215,594,161 -- 215,594,161 Finland............... -- 283,735,981 -- 283,735,981 France................ 1,677,915 463,974,442 -- 465,652,357 Germany............... 494 554,144,231 -- 554,144,725 Greece................ -- 1,941 -- 1,941 Hong Kong............. -- 308,260,722 -- 308,260,722 Ireland............... -- 56,434,803 -- 56,434,803 Israel................ -- 73,249,767 -- 73,249,767 Italy................. -- 464,089,078 -- 464,089,078 Japan................. 782,215 2,933,507,137 -- 2,934,289,352 Netherlands........... -- 245,214,577 -- 245,214,577 New Zealand........... -- 48,730,409 -- 48,730,409 Norway................ 1,220,235 88,916,466 -- 90,136,701 Portugal.............. -- 50,169,515 -- 50,169,515 Russia................ -- 386,624 -- 386,624 Singapore............. -- 171,385,215 -- 171,385,215 Spain................. -- 302,946,908 -- 302,946,908 Sweden................ 647,809 410,271,038 -- 410,918,847 Switzerland........... -- 473,291,862 -- 473,291,862 United Kingdom........ 16,217,541 2,652,847,144 -- 2,669,064,685 Rights/Warrants Australia............. -- 11,070 -- 11,070 Austria............... -- -- -- -- Hong Kong............. -- 59,356 -- 59,356 Securities Lending Collateral............. -- 937,724,044 -- 937,724,044 ------------ --------------- -- --------------- TOTAL.................... $945,033,961 $11,479,360,992 -- $12,424,394,953 ============ =============== == =============== 497 INTERNATIONAL VECTOR EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ---------- COMMON STOCKS -- (91.7%) AUSTRALIA -- (6.0%) # Acrux, Ltd......................................... 41,436 $ 49,022 Adelaide Brighton, Ltd............................. 172,754 478,759 * Aditya Birla Minerals, Ltd......................... 33,991 5,268 * AED Oil, Ltd....................................... 28,704 -- Ainsworth Game Technology, Ltd..................... 29,097 66,290 * AJ Lucas Group, Ltd................................ 9,790 2,774 * Alkane Resources, Ltd.............................. 6,922 1,407 # ALS, Ltd........................................... 49,670 187,550 Altium, Ltd........................................ 12,131 28,232 * Alumina, Ltd....................................... 879,559 1,316,535 * Alumina, Ltd. Sponsored ADR........................ 900 5,355 Amalgamated Holdings, Ltd.......................... 33,889 309,517 # Amcom Telecommunications, Ltd...................... 50,927 112,820 Amcor, Ltd......................................... 54,153 535,206 AMP, Ltd........................................... 338,855 1,511,163 Ansell, Ltd........................................ 7,634 133,997 * Antares Energy, Ltd................................ 156,063 21,395 # AP Eagers, Ltd..................................... 23,424 112,695 * APN News & Media, Ltd.............................. 152,148 95,713 #* Aquarius Platinum, Ltd............................. 146,215 31,348 # ARB Corp., Ltd..................................... 14,480 129,767 Aristocrat Leisure, Ltd............................ 128,156 694,267 Arrium, Ltd........................................ 1,567,926 247,441 Asciano, Ltd....................................... 246,129 1,145,912 * ASG Group, Ltd..................................... 116,867 59,854 ASX, Ltd........................................... 8,033 237,421 # Atlas Iron, Ltd.................................... 411,111 53,724 # Ausdrill, Ltd...................................... 89,820 26,063 * Ausenco, Ltd....................................... 42,031 13,503 # AusNet Services.................................... 75,503 81,954 * Austal, Ltd........................................ 31,664 38,024 Austbrokers Holdings, Ltd.......................... 9,987 68,726 # Austin Engineering, Ltd............................ 3,342 1,798 Australia & New Zealand Banking Group, Ltd......... 122,194 3,119,302 * Australian Agricultural Co., Ltd................... 170,712 211,976 Australian Pharmaceutical Industries, Ltd.......... 53,097 37,533 # Automotive Holdings Group, Ltd..................... 116,587 340,959 * AWE, Ltd........................................... 292,981 304,189 Bank of Queensland, Ltd............................ 123,765 1,198,890 # BC Iron, Ltd....................................... 41,913 14,908 Beach Energy, Ltd.................................. 668,887 497,978 #* Beadell Resources, Ltd............................. 264,785 61,013 Bega Cheese, Ltd................................... 25,909 102,536 # Bendigo and Adelaide Bank, Ltd..................... 151,536 1,569,312 BHP Billiton, Ltd.................................. 109,768 2,531,769 # BHP Billiton, Ltd. Sponsored ADR................... 10,469 485,029 * Billabong International, Ltd....................... 230,704 115,016 # Blackmores, Ltd.................................... 3,500 109,872 * BlueScope Steel, Ltd............................... 125,503 486,201 #* Boart Longyear, Ltd................................ 161,114 20,426 Boral, Ltd......................................... 262,721 1,137,092 498 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- AUSTRALIA -- (Continued) # Bradken, Ltd....................................... 97,128 $ 204,849 Brambles, Ltd...................................... 70,098 574,284 # Breville Group, Ltd................................ 19,239 107,919 Brickworks, Ltd.................................... 12,351 116,430 BT Investment Management, Ltd...................... 22,273 124,532 # Cabcharge Australia, Ltd........................... 56,351 189,532 Caltex Australia, Ltd.............................. 20,543 531,658 # Cardno, Ltd........................................ 81,711 186,618 * Carnarvon Petroleum, Ltd........................... 105,419 11,455 # carsales.com, Ltd.................................. 56,024 446,108 # Cash Converters International, Ltd................. 173,826 149,323 Cedar Woods Properties, Ltd........................ 26,260 118,541 Challenger, Ltd.................................... 65,660 319,437 * Citigold Corp., Ltd................................ 194,096 2,992 * Coal of Africa, Ltd................................ 24,372 666 Coca-Cola Amatil, Ltd.............................. 38,916 292,098 # Cochlear, Ltd...................................... 3,449 221,679 * Cockatoo Coal, Ltd................................. 343,367 3,742 * Coffey International, Ltd.......................... 53,206 10,946 Commonwealth Bank of Australia..................... 26,352 1,822,110 Computershare, Ltd................................. 22,394 201,210 # Corporate Travel Management, Ltd................... 7,047 53,342 Crown Resorts, Ltd................................. 15,532 163,198 CSG, Ltd........................................... 81,618 76,043 CSL, Ltd........................................... 20,897 1,422,114 CSR, Ltd........................................... 237,341 733,137 * Cue Energy Resources, Ltd.......................... 31,448 2,193 Decmil Group, Ltd.................................. 58,456 56,720 * Devine, Ltd........................................ 2,971 2,147 Domino's Pizza Enterprises, Ltd.................... 13,051 263,849 Downer EDI, Ltd.................................... 217,792 707,153 * Drillsearch Energy, Ltd............................ 241,851 145,747 DuluxGroup, Ltd.................................... 99,568 461,214 Echo Entertainment Group, Ltd...................... 437,339 1,366,497 * Elders, Ltd........................................ 13,008 33,280 #* Emeco Holdings, Ltd................................ 218,506 20,391 * Energy Resources of Australia, Ltd................. 65,369 66,363 * Energy World Corp., Ltd............................ 238,480 54,343 # Equity Trustees, Ltd............................... 3,050 47,336 ERM Power, Ltd..................................... 24,978 42,155 Euroz, Ltd......................................... 1,190 980 # Evolution Mining, Ltd.............................. 113,903 81,959 Fairfax Media, Ltd................................. 786,625 547,197 #* FAR, Ltd........................................... 557,529 39,246 Finbar Group, Ltd.................................. 18,455 18,300 Fleetwood Corp., Ltd............................... 2,933 3,330 Flight Centre Travel Group, Ltd.................... 3,479 101,556 #* Focus Minerals, Ltd................................ 1,266,046 9,929 # Fortescue Metals Group, Ltd........................ 348,575 632,068 G8 Education, Ltd.................................. 14,499 47,052 Goodman Fielder, Ltd............................... 762,944 378,667 # GrainCorp, Ltd. Class A............................ 73,358 506,358 # Grange Resources, Ltd.............................. 122,656 9,522 499 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) # Greencross, Ltd.................................... 6,772 $ 46,668 # GUD Holdings, Ltd.................................. 31,454 191,304 * Gunns, Ltd......................................... 75,334 -- # GWA Group, Ltd..................................... 93,755 191,991 Hansen Technologies, Ltd........................... 19,184 25,848 # Harvey Norman Holdings, Ltd........................ 189,572 579,006 * Helloworld, Ltd.................................... 13,926 2,843 HFA Holdings, Ltd.................................. 27,224 32,777 * Hillgrove Resources, Ltd........................... 19,911 5,861 Hills, Ltd......................................... 81,191 68,131 * Horizon Oil, Ltd................................... 329,531 31,994 # iiNET, Ltd......................................... 39,024 226,486 # Iluka Resources, Ltd............................... 115,285 626,072 * Imdex, Ltd......................................... 49,768 11,424 Incitec Pivot, Ltd................................. 545,498 1,521,461 Independence Group NL.............................. 118,603 456,670 * Infigen Energy..................................... 164,162 31,800 # Infomedia, Ltd..................................... 56,576 40,272 Insurance Australia Group, Ltd..................... 196,503 973,425 # Invocare, Ltd...................................... 24,701 249,282 # IOOF Holdings, Ltd................................. 43,255 315,631 # Iress, Ltd......................................... 27,502 220,018 * iSelect, Ltd....................................... 48,492 45,932 James Hardie Industries P.L.C.(B3LCV80)............ 100 5,057 James Hardie Industries P.L.C.(B60QWJ2)............ 29,101 291,790 # JB Hi-Fi, Ltd...................................... 26,179 339,348 #* Kingsgate Consolidated, Ltd........................ 46,190 28,408 # Leighton Holdings, Ltd............................. 9,134 145,354 Lend Lease Group................................... 142,650 1,838,706 #* Lonestar Resources, Ltd............................ 73,784 10,901 #* Lynas Corp., Ltd................................... 90,195 3,125 # M2 Group, Ltd...................................... 36,051 251,112 MACA, Ltd.......................................... 27,572 17,606 * Macmahon Holdings, Ltd............................. 239,512 10,571 # Macquarie Atlas Roads Group........................ 28,788 65,656 Macquarie Group, Ltd............................... 83,804 4,054,756 # Magellan Financial Group, Ltd...................... 19,192 282,724 MaxiTRANS Industries, Ltd.......................... 43,486 17,268 * Mayne Pharma Group, Ltd............................ 78,756 38,174 McMillan Shakespeare, Ltd.......................... 19,812 176,047 McPherson's, Ltd................................... 18,083 16,703 Melbourne IT, Ltd.................................. 24,889 26,559 # Metcash, Ltd....................................... 508,332 573,847 Mincor Resources NL................................ 60,677 33,987 * Mineral Deposits, Ltd.............................. 28,317 18,924 # Mineral Resources, Ltd............................. 76,457 396,042 # MMA Offshore, Ltd.................................. 80,322 49,641 # Monadelphous Group, Ltd............................ 24,669 155,393 Mortgage Choice, Ltd............................... 37,287 69,659 Mount Gibson Iron, Ltd............................. 292,783 48,219 # Myer Holdings, Ltd................................. 335,958 404,672 MyState, Ltd....................................... 7,573 28,097 National Australia Bank, Ltd....................... 146,901 4,051,298 500 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) # Navitas, Ltd....................................... 44,391 $ 183,420 * Newcrest Mining, Ltd............................... 159,955 1,727,108 * Nexus Energy, Ltd.................................. 247,654 -- # NIB Holdings, Ltd.................................. 88,900 228,257 Nick Scali, Ltd.................................... 5,910 12,443 Northern Star Resources, Ltd....................... 166,705 241,184 # NRW Holdings, Ltd.................................. 133,122 29,327 Nufarm, Ltd........................................ 71,239 313,040 Oil Search, Ltd.................................... 26,128 157,232 Orica, Ltd......................................... 30,978 434,832 Origin Energy, Ltd................................. 180,805 1,491,970 #* Orocobre, Ltd...................................... 14,748 33,529 Orora, Ltd......................................... 35,397 58,251 # OrotonGroup, Ltd................................... 3,801 7,972 * Otto Energy, Ltd................................... 333,989 25,090 OZ Minerals, Ltd................................... 139,318 416,153 OzForex Group, Ltd................................. 45,545 89,633 # Pacific Brands, Ltd................................ 322,011 122,149 #* Paladin Energy, Ltd................................ 670,208 195,973 PanAust, Ltd....................................... 233,335 217,817 # Panoramic Resources, Ltd........................... 115,565 40,444 Patties Foods, Ltd................................. 17,109 18,343 Peet, Ltd.......................................... 32,002 25,787 # Perpetual, Ltd..................................... 7,438 282,209 * Phosphagenics, Ltd................................. 15,812 972 Platinum Asset Management, Ltd..................... 12,467 83,793 * Platinum Australia, Ltd............................ 59,641 279 * PMP, Ltd........................................... 31,929 10,015 Premier Investments, Ltd........................... 47,499 377,419 * Prima Biomed, Ltd.................................. 75,579 2,122 Primary Health Care, Ltd........................... 239,271 856,954 Prime Media Group, Ltd............................. 164,223 102,758 Programmed Maintenance Services, Ltd............... 53,595 90,275 * Qantas Airways, Ltd................................ 486,209 979,746 QBE Insurance Group, Ltd........................... 176,956 1,450,663 Qube Holdings, Ltd................................. 101,717 184,346 * Ramelius Resources, Ltd............................ 55,377 5,940 Ramsay Health Care, Ltd............................ 6,122 281,727 RCG Corp., Ltd..................................... 24,952 14,140 RCR Tomlinson, Ltd................................. 54,912 87,607 REA Group, Ltd..................................... 3,734 142,833 Recall Holdings, Ltd............................... 5,686 31,494 Reckon, Ltd........................................ 15,738 23,364 * Red Fork Energy, Ltd............................... 57,145 267 * Redflex Holdings, Ltd.............................. 15,216 10,641 Reece Australia, Ltd............................... 839 21,051 #* Regis Resources, Ltd............................... 45,208 68,055 # Reject Shop, Ltd. (The)............................ 14,887 67,258 * Resolute Mining, Ltd............................... 367,866 110,390 # Retail Food Group, Ltd............................. 50,796 242,721 Ridley Corp., Ltd.................................. 96,363 68,128 Rio Tinto, Ltd..................................... 17,746 791,331 Ruralco Holdings, Ltd.............................. 6,256 17,699 501 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) SAI Global, Ltd.................................... 71,105 $ 216,102 # Salmat, Ltd........................................ 16,043 20,015 * Samson Oil & Gas, Ltd. Sponsored ADR............... 10,577 1,698 Sandfire Resources NL.............................. 33,947 111,991 # Santos, Ltd........................................ 148,573 904,516 * Saracen Mineral Holdings, Ltd...................... 303,405 88,158 # Sedgman, Ltd....................................... 31,588 12,804 Seek, Ltd.......................................... 19,243 264,831 Select Harvests, Ltd............................... 20,521 105,362 #* Senex Energy, Ltd.................................. 379,740 81,072 Servcorp, Ltd...................................... 8,966 35,386 #* Service Stream, Ltd................................ 8,008 1,275 # Seven Group Holdings, Ltd.......................... 54,038 214,185 Seven West Media, Ltd.............................. 204,879 207,666 Sigma Pharmaceuticals, Ltd......................... 586,676 364,068 #* Silex Systems, Ltd................................. 12,982 5,315 Silver Chef, Ltd................................... 1,940 9,835 * Silver Lake Resources, Ltd......................... 61,727 11,276 # Sims Metal Management, Ltd......................... 114,387 962,341 Sirtex Medical, Ltd................................ 11,331 236,250 Skilled Group, Ltd................................. 49,258 49,768 Slater & Gordon, Ltd............................... 19,395 99,538 # SMS Management & Technology, Ltd................... 34,076 95,283 Sonic Healthcare, Ltd.............................. 25,999 379,563 # Southern Cross Media Group, Ltd.................... 236,188 192,170 Spark Infrastructure Group......................... 193,532 320,471 Specialty Fashion Group, Ltd....................... 16,869 9,691 #* St Barbara, Ltd.................................... 148,747 24,857 * Strike Energy, Ltd................................. 53,210 4,560 STW Communications Group, Ltd...................... 92,619 65,874 Suncorp Group, Ltd................................. 166,799 1,900,472 Sunland Group, Ltd................................. 26,250 34,739 # Super Retail Group, Ltd............................ 34,839 235,130 Tabcorp Holdings, Ltd.............................. 357,998 1,265,359 #* Tap Oil, Ltd....................................... 84,108 24,540 Tassal Group, Ltd.................................. 51,867 151,484 Tatts Group, Ltd................................... 478,634 1,432,412 # Technology One, Ltd................................ 65,676 168,684 #* Ten Network Holdings, Ltd.......................... 802,994 124,012 # TFS Corp., Ltd..................................... 76,174 86,785 Thorn Group, Ltd................................... 3,330 7,395 * Tiger Resources, Ltd............................... 232,205 8,753 # Toll Holdings, Ltd................................. 283,384 1,355,146 # Tox Free Solutions, Ltd............................ 59,393 134,173 # TPG Telecom, Ltd................................... 31,955 165,273 #* Transfield Services, Ltd........................... 222,540 243,669 Transpacific Industries Group, Ltd................. 652,158 417,204 Treasury Wine Estates, Ltd......................... 233,547 887,906 # UGL, Ltd........................................... 62,043 86,137 UXC, Ltd........................................... 121,625 70,297 Villa World, Ltd................................... 31,087 50,659 Village Roadshow, Ltd.............................. 26,871 126,759 * Virgin Australia Holdings, Ltd..................... 357,674 130,491 502 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRALIA -- (Continued) * Virgin Australia Holdings, Ltd. (ACI01NXR8)........ 272,729 $ -- # Virtus Health, Ltd................................. 11,675 72,585 Vision Eye Institute, Ltd.......................... 81,552 45,419 Vita Group, Ltd.................................... 7,991 8,743 # Vocus Communications, Ltd.......................... 24,337 117,130 Washington H Soul Pattinson & Co., Ltd............. 11,782 118,688 Watpac, Ltd........................................ 44,377 27,883 # Webjet, Ltd........................................ 10,348 23,425 Wesfarmers, Ltd.................................... 52,599 1,776,690 Western Areas, Ltd................................. 67,891 210,320 Westpac Banking Corp............................... 59,493 1,590,012 Westpac Banking Corp. Sponsored ADR................ 12,390 331,432 #* Whitehaven Coal, Ltd............................... 116,793 111,511 Wide Bay Australia, Ltd............................ 3,475 15,546 Woodside Petroleum, Ltd............................ 69,700 1,851,161 Woolworths, Ltd.................................... 52,266 1,286,200 WorleyParsons, Ltd................................. 23,712 176,418 ----------- TOTAL AUSTRALIA........................................ 87,664,270 ----------- AUSTRIA -- (0.4%) * A-TEC Industries AG................................ 1,773 -- Agrana Beteiligungs AG............................. 717 56,689 # AMAG Austria Metall AG............................. 878 27,488 Andritz AG......................................... 4,541 245,811 Atrium European Real Estate, Ltd................... 5,591 26,053 Austria Technologie & Systemtechnik AG............. 8,528 110,590 BUWOG AG........................................... 2,364 46,171 # CA Immobilien Anlagen AG........................... 920 18,633 Conwert Immobilien Invest SE....................... 7,140 83,079 DO & CO AG......................................... 1,264 95,042 Erste Group Bank AG................................ 24,020 520,013 EVN AG............................................. 4,949 54,727 Flughafen Wien AG.................................. 665 57,797 * IMMOFINANZ AG...................................... 34,531 78,907 * Kapsch TrafficCom AG............................... 698 16,031 # Lenzing AG......................................... 3,520 228,293 Mayr Melnhof Karton AG............................. 2,002 206,627 Oberbank AG........................................ 693 39,739 Oesterreichische Post AG........................... 8,848 438,584 OMV AG............................................. 29,983 745,403 Palfinger AG....................................... 2,086 54,684 * PIAG Immobilien AG................................. 199 1,981 POLYTEC Holding AG................................. 3,869 29,701 Porr AG............................................ 646 33,081 # Raiffeisen Bank International AG................... 25,858 302,153 RHI AG............................................. 6,707 175,929 Rosenbauer International AG........................ 950 72,189 S IMMO AG.......................................... 8,070 62,463 Schoeller-Bleckmann Oilfield Equipment AG.......... 2,826 167,160 Semperit AG Holding................................ 3,086 136,273 Strabag SE......................................... 7,391 163,779 UNIQA Insurance Group AG........................... 7,063 59,782 Verbund AG......................................... 3,850 67,385 503 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRIA -- (Continued) Vienna Insurance Group AG Wiener Versicherung Gruppe........................................... 3,353 $ 142,311 Voestalpine AG..................................... 12,075 430,021 Wienerberger AG.................................... 55,653 786,396 * Wolford AG......................................... 299 7,196 Zumtobel Group AG.................................. 10,068 231,016 ---------- TOTAL AUSTRIA.......................................... 6,019,177 ---------- BELGIUM -- (1.6%) * Ablynx NV.......................................... 6,175 72,825 Ackermans & van Haaren NV.......................... 10,271 1,220,730 Ageas.............................................. 58,524 2,004,079 * AGFA-Gevaert NV.................................... 103,802 242,463 Anheuser-Busch InBev NV............................ 12,437 1,516,892 Anheuser-Busch InBev NV Sponsored ADR.............. 3,863 471,556 Atenor Group....................................... 168 7,779 Banque Nationale de Belgique....................... 77 303,732 Barco NV........................................... 8,256 531,355 Belgacom SA........................................ 39,800 1,482,320 Cie d'Entreprises CFE.............................. 3,857 367,263 Cie Immobiliere de Belgique SA..................... 233 12,551 Cie Maritime Belge SA.............................. 2,390 37,418 Colruyt SA......................................... 13,508 623,032 D'ieteren SA....................................... 8,597 277,598 Deceuninck NV...................................... 30,550 63,187 Delhaize Group SA.................................. 33,045 2,748,895 Delhaize Group SA Sponsored ADR.................... 29,692 614,327 Econocom Group..................................... 30,639 250,868 Elia System Operator SA............................ 4,295 188,629 * Euronav NV......................................... 24,880 291,706 # EVS Broadcast Equipment SA......................... 1,968 66,368 Exmar NV........................................... 16,386 144,359 # Fagron............................................. 11,223 458,214 * Ion Beam Applications.............................. 5,092 99,901 * KBC Groep NV....................................... 28,026 1,507,379 Kinepolis Group NV................................. 5,625 246,949 Lotus Bakeries..................................... 50 60,005 * MDxHealth.......................................... 3,419 17,827 Melexis NV......................................... 5,686 284,608 * Mobistar SA........................................ 21,311 473,579 # NV Bekaert SA...................................... 22,207 670,226 #* Nyrstar NV......................................... 181,952 684,063 * Picanol............................................ 658 24,667 * RealDolmen NV/SA................................... 1,173 24,470 Recticel SA........................................ 12,253 70,763 * Rentabiliweb Group................................. 846 6,602 # Resilux............................................ 778 112,645 * RHJ International SA............................... 10,390 54,569 * Roularta Media Group NV............................ 199 2,423 Sioen Industries NV................................ 4,242 61,281 Sipef SA........................................... 1,541 90,144 # Solvay SA.......................................... 20,480 2,799,954 * Telenet Group Holding NV........................... 3,075 171,009 * Tessenderlo Chemie NV.............................. 22,426 580,443 504 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BELGIUM -- (Continued) #* ThromboGenics NV................................... 4,993 $ 39,133 UCB SA............................................. 5,551 431,528 Umicore SA......................................... 30,521 1,278,251 Van de Velde NV.................................... 3,497 190,223 * Viohalco SA........................................ 25,814 65,019 ----------- TOTAL BELGIUM.......................................... 24,045,807 ----------- CANADA -- (8.3%) * 5N Plus, Inc....................................... 26,415 47,396 Absolute Software Corp............................. 7,651 52,986 # Acadian Timber Corp................................ 3,299 41,098 * Advantage Oil & Gas, Ltd........................... 114,310 479,478 Aecon Group, Inc................................... 33,335 257,089 # AG Growth International, Inc....................... 2,860 121,764 AGF Management, Ltd. Class B....................... 42,935 243,277 Agnico Eagle Mines, Ltd.(008474108)................ 11,564 389,938 Agnico Eagle Mines, Ltd.(2009823).................. 13,840 466,596 Agrium, Inc.(2213538).............................. 5,000 533,446 Agrium, Inc.(008916108)............................ 7,409 790,170 AGT Food & Ingredient, Inc......................... 8,412 185,690 Aimia, Inc......................................... 17,893 191,927 * Ainsworth Lumber Co, Ltd........................... 48,963 140,258 * Air Canada......................................... 4,300 39,762 AirBoss of America Corp............................ 2,398 26,363 Akita Drilling, Ltd. Class A....................... 900 7,331 Alacer Gold Corp................................... 159,987 375,196 * Alamos Gold, Inc.(011527108)....................... 52,395 277,694 Alamos Gold, Inc.(2411707)......................... 35,296 188,327 * Alexco Resource Corp............................... 12,984 6,846 Algoma Central Corp................................ 1,740 22,347 Algonquin Power & Utilities Corp................... 62,701 499,358 Alimentation Couche Tard, Inc. Class B............. 19,600 767,989 # AltaGas, Ltd....................................... 5,600 189,237 #* Alterra Power Corp................................. 49,453 12,259 # Altus Group, Ltd................................... 10,000 147,871 * Amerigo Resources, Ltd............................. 23,684 4,473 # Amica Mature Lifestyles, Inc....................... 5,700 33,105 # ARC Resources, Ltd................................. 18,008 325,949 #* Argonaut Gold, Inc................................. 65,566 127,964 Arsenal Energy, Inc................................ 5,661 16,929 #* Artek Exploration, Ltd............................. 14,249 14,802 Atco, Ltd. Class I................................. 4,600 178,070 #* Athabasca Oil Corp................................. 141,451 207,050 * ATS Automation Tooling Systems, Inc................ 16,045 183,090 AuRico Gold, Inc................................... 171,725 677,062 AutoCanada, Inc.................................... 3,400 86,639 #* Avigilon Corp...................................... 8,795 133,929 Axia NetMedia Corp................................. 5,600 14,014 * B2Gold Corp........................................ 323,700 636,854 # Badger Daylighting, Ltd............................ 9,126 162,310 #* Ballard Power Systems, Inc......................... 16,800 26,310 # Bank of Montreal(2076009).......................... 15,946 915,198 Bank of Montreal(063671101)........................ 22,232 1,277,895 505 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Bank of Nova Scotia................................ 6,849 $ 329,110 Bank of Nova Scotia (The).......................... 24,948 1,198,502 * Bankers Petroleum, Ltd............................. 138,069 317,275 Barrick Gold Corp.(067901108)...................... 191,949 2,453,108 Barrick Gold Corp.(2024644)........................ 9,774 124,992 # Baytex Energy Corp.(B4VGVM3)....................... 900 13,967 # Baytex Energy Corp.(07317Q105)..................... 18,547 290,075 * Bellatrix Exploration, Ltd......................... 48,102 97,287 #* Birchcliff Energy, Ltd............................. 63,043 337,367 # Bird Construction, Inc............................. 11,459 100,188 # Black Diamond Group, Ltd........................... 11,841 94,210 #* BlackBerry, Ltd.(BCBHZ31).......................... 101,303 1,029,214 #* BlackBerry, Ltd.(09228F103)........................ 61,363 622,834 #* BlackPearl Resources, Inc.......................... 94,016 68,069 #* BNK Petroleum, Inc................................. 41,642 9,340 # Bombardier, Inc. Class B........................... 62,760 143,231 # Bonavista Energy Corp.............................. 92,511 436,819 # Bonterra Energy Corp............................... 15,274 477,801 Boralex, Inc. Class A.............................. 13,800 147,807 #* Brookfield Residential Properties, Inc............. 8,026 193,587 #* BRP, Inc........................................... 2,787 48,033 CAE, Inc.(2162760)................................. 16,827 207,242 CAE, Inc.(124765108)............................... 1,450 17,893 Calfrac Well Services, Ltd......................... 25,610 164,459 Calian Technologies, Ltd........................... 1,000 14,370 Cameco Corp.(2166160).............................. 20,249 284,923 Cameco Corp.(13321L108)............................ 32,627 457,431 Canaccord Genuity Group, Inc....................... 67,597 339,393 #* Canacol Energy, Ltd................................ 29,015 81,744 # Canadian Energy Services & Technology Corp......... 32,261 136,336 Canadian Imperial Bank of Commerce(2170525)........ 4,351 301,937 Canadian Imperial Bank of Commerce(136069101)...... 3,202 222,283 Canadian Natural Resources, Ltd.(136385101)........ 62,984 1,822,757 Canadian Natural Resources, Ltd.(2171573).......... 17,000 492,862 Canadian Oil Sands, Ltd............................ 83,688 516,999 # Canadian Tire Corp., Ltd. Class A.................. 10,016 923,723 # Canadian Western Bank.............................. 35,700 724,002 Canam Group, Inc. Class A.......................... 21,806 191,341 CanElson Drilling, Inc............................. 46,447 118,064 # Canexus Corp....................................... 32,646 60,889 * Canfor Corp........................................ 24,916 622,557 Canfor Pulp Products, Inc.......................... 18,452 228,708 CanWel Building Materials Group, Ltd............... 991 4,430 Canyon Services Group, Inc......................... 13,638 75,665 Capital Power Corp................................. 13,484 268,364 # Capstone Infrastructure Corp....................... 58,101 154,089 #* Capstone Mining Corp............................... 182,938 167,001 Cascades, Inc...................................... 38,096 235,346 * Catamaran Corp.(B8J4N87)........................... 4,000 199,732 * Catamaran Corp.(B3N9ZT8)........................... 4,229 211,069 # Cathedral Energy Services, Ltd..................... 19,963 36,762 CCL Industries, Inc. Class B....................... 6,734 696,082 * Celestica, Inc.(2263362)........................... 66,931 750,057 506 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Celestica, Inc.(15101Q108)......................... 23,983 $ 268,370 Cenovus Energy, Inc.(B57FG04)...................... 6,900 130,702 Cenovus Energy, Inc.(15135U109).................... 20,385 385,073 Centerra Gold, Inc................................. 85,802 514,528 #* Cequence Energy, Ltd............................... 79,682 54,555 Cervus Equipment Corp.............................. 5,594 84,216 #* CGI Group, Inc. Class A(2159740)................... 7,471 296,030 * CGI Group, Inc. Class A(39945C109)................. 7,633 302,267 #* China Gold International Resources Corp., Ltd...... 109,174 186,439 * Chinook Energy, Inc................................ 38,922 34,919 # CI Financial Corp.................................. 5,639 143,782 # Cineplex, Inc...................................... 10,457 371,883 * Claude Resources, Inc.............................. 31,500 9,916 Clearwater Seafoods, Inc........................... 7,758 85,108 # Cogeco Cable, Inc.................................. 11,395 654,627 Cogeco, Inc........................................ 3,464 162,200 Colabor Group, Inc................................. 7,067 18,353 COM DEV International, Ltd......................... 41,363 125,648 Computer Modelling Group, Ltd...................... 21,330 184,311 Constellation Software, Inc........................ 1,092 302,575 #* Copper Mountain Mining Corp........................ 76,683 59,744 Corby Spirit and Wine, Ltd......................... 2,450 43,189 * Corridor Resources, Inc............................ 5,600 3,922 # Corus Entertainment, Inc. Class B.................. 51,639 876,567 Cott Corp.(22163N106).............................. 4,928 37,453 Cott Corp.(2228952)................................ 50,909 387,016 # Crescent Point Energy Corp.(B67C8W8)............... 8,073 191,866 Crescent Point Energy Corp.(22576C101)............. 30,352 720,556 * Crew Energy, Inc................................... 66,491 273,666 * DeeThree Exploration, Ltd.......................... 45,980 200,102 * Delphi Energy Corp................................. 70,437 64,855 #* Denison Mines Corp................................. 118,547 101,689 * Descartes Systems Group, Inc. (The)................ 9,080 138,697 DH Corp............................................ 17,600 491,559 DHX Media, Ltd..................................... 11,800 79,304 # DirectCash Payments, Inc........................... 8,500 121,276 Dollarama, Inc..................................... 4,866 231,103 * Dominion Diamond Corp.(257287102).................. 37,361 620,193 * Dominion Diamond Corp.(B95LX89).................... 18,256 303,285 Dorel Industries, Inc. Class B..................... 18,541 531,265 #* DragonWave, Inc.................................... 6,969 5,594 * Dundee Precious Metals, Inc........................ 77,445 218,189 E-L Financial Corp., Ltd........................... 111 59,137 Eldorado Gold Corp................................. 211,503 1,015,321 # Emera, Inc......................................... 2,100 68,716 Empire Co., Ltd.................................... 7,200 524,121 # Enbridge Income Fund Holdings, Inc................. 33,789 1,094,746 Encana Corp.(2793193).............................. 13,705 167,605 Encana Corp.(292505104)............................ 120,861 1,479,339 * Endeavour Mining Corp.............................. 269,857 127,421 #* Endeavour Silver Corp.............................. 60,213 165,376 # EnerCare, Inc...................................... 8,928 100,402 Enerflex, Ltd...................................... 28,495 358,794 507 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) #* Energy Fuels, Inc.(BFV4XV7)........................ 5,605 $ 25,453 * Energy Fuels, Inc.(BFV4XW8)........................ 2,144 9,777 Enerplus Corp.(292766102).......................... 39,171 383,876 # Enerplus Corp.(B584T89)............................ 20,675 200,616 Enghouse Systems, Ltd.............................. 3,027 96,453 # Ensign Energy Services, Inc........................ 67,452 467,657 #* Epsilon Energy, Ltd................................ 25,234 79,036 Equitable Group, Inc............................... 3,526 153,727 * Equity Financial Holdings, Inc..................... 800 6,031 * Essential Energy Services Trust.................... 79,421 81,877 # Evertz Technologies, Ltd........................... 5,026 72,184 * Excellon Resources, Inc............................ 5,300 3,045 # Exchange Income Corp............................... 4,281 74,556 Exco Technologies, Ltd............................. 5,657 59,655 #* EXFO, Inc.......................................... 7,513 25,838 # Extendicare, Inc................................... 31,304 168,012 Fairfax Financial Holdings, Ltd.................... 4,039 2,145,530 Fiera Capital Corp................................. 8,300 80,995 Finning International, Inc......................... 44,110 727,240 First Capital Realty, Inc.......................... 6,035 92,707 #* First Majestic Silver Corp.(2833583)............... 12,400 76,603 #* First Majestic Silver Corp.(32076V103)............. 26,297 162,778 # First National Financial Corp...................... 600 10,482 First Quantum Minerals, Ltd........................ 93,427 852,144 FirstService Corp.(2350231)........................ 4,219 221,957 FirstService Corp.(33761N109)...................... 2,485 130,139 #* Fortress Paper, Ltd. Class A....................... 2,299 3,618 * Fortuna Silver Mines, Inc.......................... 55,988 271,414 # Gamehost, Inc...................................... 3,082 31,288 Genesis Land Development Corp...................... 10,800 25,668 # Genworth MI Canada, Inc............................ 17,365 432,109 George Weston, Ltd................................. 6,237 494,366 Gibson Energy, Inc................................. 13,612 242,203 Gildan Activewear, Inc............................. 6,523 380,795 # Glacier Media, Inc................................. 3,000 3,494 GLENTEL, Inc....................................... 3,800 74,702 Gluskin Sheff + Associates, Inc.................... 9,463 197,199 GMP Capital, Inc................................... 20,353 84,090 Goldcorp, Inc.(380956409).......................... 29,564 710,423 Goldcorp, Inc.(2676302)............................ 12,207 294,824 #* Golden Star Resources, Ltd......................... 73,980 23,288 * Gran Tierra Energy, Inc.(38500T101)................ 1,100 2,354 * Gran Tierra Energy, Inc.(B2PPCS5).................. 125,255 271,072 * Great Canadian Gaming Corp......................... 14,900 231,585 #* Great Panther Silver, Ltd.......................... 29,633 20,988 Great-West Lifeco, Inc............................. 6,100 154,624 * Heroux-Devtek, Inc................................. 10,096 89,781 High Liner Foods, Inc.............................. 4,987 88,500 # HNZ Group, Inc..................................... 2,200 37,691 Home Capital Group, Inc............................ 5,000 165,263 # Horizon North Logistics, Inc....................... 38,355 65,198 HudBay Minerals, Inc.(B05BQ98)..................... 3,790 27,099 HudBay Minerals, Inc.(B05BDX1)..................... 157,050 1,143,238 508 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) # Hudson's Bay Co.................................... 16,553 $ 305,085 Husky Energy, Inc.................................. 31,500 677,992 * IAMGOLD Corp.(450913108)........................... 23,010 61,437 #* IAMGOLD Corp.(2446646)............................. 157,060 420,244 # IGM Financial, Inc................................. 3,000 102,959 #* Imax Corp.(2014258)................................ 5,400 179,982 #* Imax Corp.(45245E109).............................. 7,725 257,474 #* Imperial Metals Corp............................... 18,005 126,816 Imperial Oil, Ltd.(2454241)........................ 776 28,849 Imperial Oil, Ltd.(453038408)...................... 10,107 375,071 * Indigo Books & Music, Inc.......................... 1,600 13,246 # Industrial Alliance Insurance & Financial Services, Inc.................................... 32,909 1,047,846 Innergex Renewable Energy, Inc..................... 30,613 287,170 Intact Financial Corp.............................. 5,604 374,511 # Inter Pipeline, Ltd................................ 6,971 181,256 * Interfor Corp...................................... 37,512 655,360 Intertape Polymer Group, Inc....................... 18,164 268,022 #* Ithaca Energy, Inc................................. 132,288 125,969 #* Ivanhoe Energy, Inc................................ 2,745 1,015 Jean Coutu Group PJC, Inc. (The) Class A........... 5,573 111,793 Just Energy Group, Inc.(B693818)................... 2,300 11,638 # Just Energy Group, Inc.(B63MCN1)................... 22,608 114,757 # K-Bro Linen, Inc................................... 1,828 69,267 * Katanga Mining, Ltd................................ 83,398 20,346 * Kelt Exploration, Ltd.............................. 3,000 14,874 Keyera Corp........................................ 3,900 230,188 # Killam Properties, Inc............................. 13,100 114,536 * Kinross Gold Corp.(496902404)...................... 4,318 14,638 #* Kinross Gold Corp.(B03Z841)........................ 333,614 1,131,562 #* Kirkland Lake Gold, Inc............................ 40,588 144,056 #* Knight Therapeutics, Inc........................... 1,963 12,528 #* Lake Shore Gold Corp............................... 301,198 270,218 Laurentian Bank of Canada.......................... 19,674 724,750 #* Legacy Oil + Gas, Inc.............................. 97,329 117,956 # Leisureworld Senior Care Corp...................... 12,345 139,606 Leon's Furniture, Ltd.............................. 5,738 86,474 * Leucrotta Exploration, Inc......................... 33,142 24,778 # Lightstream Resources, Ltd......................... 116,588 69,731 Linamar Corp....................................... 16,431 941,223 # Liquor Stores N.A., Ltd............................ 13,733 165,570 Loblaw Cos., Ltd................................... 8,093 402,052 # Long Run Exploration, Ltd.......................... 87,044 72,611 Lucara Diamond Corp................................ 112,726 186,295 * Lundin Mining Corp................................. 182,741 650,027 MacDonald Dettwiler & Associates, Ltd.............. 6,138 450,870 Magellan Aerospace Corp............................ 6,936 72,870 Magna International, Inc........................... 16,323 1,568,329 #* Mainstreet Equity Corp............................. 1,005 26,772 Major Drilling Group International, Inc............ 44,631 238,837 Mandalay Resources Corp............................ 128,700 94,193 # Manitoba Telecom Services, Inc..................... 13,368 269,843 Manulife Financial Corp.(2492519).................. 37,301 598,249 Manulife Financial Corp.(56501R106)................ 76,588 1,231,535 509 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Maple Leaf Foods, Inc.............................. 66,971 $1,074,108 Martinrea International, Inc....................... 57,075 423,560 * Maxim Power Corp................................... 2,200 4,536 # McCoy Global, Inc.................................. 4,284 12,238 # Medical Facilities Corp............................ 10,415 160,565 * MEG Energy Corp.................................... 19,181 292,538 Melcor Developments, Ltd........................... 3,353 44,832 Methanex Corp...................................... 11,900 525,934 Metro, Inc......................................... 11,500 910,081 #* Migao Corp......................................... 6,589 5,082 * Mitel Networks Corp................................ 17,008 151,248 #* Mood Media Corp.................................... 19,033 8,238 Morneau Shepell, Inc............................... 13,596 183,177 # MTY Food Group, Inc................................ 2,761 75,875 # Mullen Group, Ltd.................................. 40,067 642,926 National Bank of Canada............................ 25,294 880,025 * Neptune Technologies & Bioressources, Inc.......... 6,516 11,538 Nevsun Resources, Ltd.............................. 137,083 473,593 # New Flyer Industries, Inc.......................... 18,158 196,056 * New Gold, Inc...................................... 145,754 638,900 Newalta Corp....................................... 34,733 362,172 #* Niko Resources, Ltd................................ 27,147 5,234 # Norbord, Inc....................................... 7,302 162,509 North American Energy Partners, Inc.(656844107).... 11,011 32,813 North American Energy Partners, Inc.(B1HTYS2)...... 5,546 16,498 #* North American Palladium, Ltd...................... 37,050 6,269 North West Co., Inc. (The)......................... 14,464 302,325 # Northland Power, Inc............................... 24,144 324,909 #* Novagold Resources, Inc............................ 42,029 159,755 * NuVista Energy, Ltd................................ 58,327 327,737 * OceanaGold Corp.................................... 178,600 393,547 Onex Corp.......................................... 6,200 340,324 Open Text Corp..................................... 6,200 351,595 # Osisko Gold Royalties, Ltd......................... 19,053 256,246 * Ovivo, Inc. Class A................................ 8,028 13,141 # Pacific Rubiales Energy Corp....................... 125,651 291,706 * Painted Pony Petroleum, Ltd........................ 56,003 302,778 Pan American Silver Corp.(697900108)............... 78,822 919,065 Pan American Silver Corp.(2669272)................. 25,434 297,832 #* Paramount Resources, Ltd. Class A.................. 3,054 68,521 * Parex Resources, Inc............................... 56,767 307,356 # Parkland Fuel Corp................................. 19,002 327,342 Pason Systems, Inc................................. 17,666 248,995 Pembina Pipeline Corp.(B4PPQG5).................... 3,496 108,551 # Pembina Pipeline Corp.(B4PT2P8).................... 4,324 134,329 # Pengrowth Energy Corp.............................. 149,634 400,374 # Penn West Petroleum, Ltd.(B63FY34)................. 42,468 64,168 Penn West Petroleum, Ltd.(707887105)............... 79,923 119,085 * Performance Sports Group, Ltd...................... 6,734 125,491 #* Perpetual Energy, Inc.............................. 52,190 39,840 # Peyto Exploration & Development Corp............... 8,710 220,030 # PHX Energy Services Corp........................... 14,152 69,385 Pizza Pizza Royalty Corp........................... 2,773 31,861 510 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- CANADA -- (Continued) * Poseidon Concepts Corp............................. 6,541 $ 2 Precision Drilling Corp.(B5YPLH9).................. 83,917 428,599 Precision Drilling Corp.(74022D308)................ 20,286 103,459 # Premium Brands Holdings Corp....................... 4,923 94,880 * Primero Mining Corp.(74164W106).................... 6,304 25,342 #* Primero Mining Corp.(B4Z8FV2)...................... 53,729 215,643 Progressive Waste Solutions, Ltd.(B3DJGB7)......... 16,623 474,345 Progressive Waste Solutions, Ltd.(74339G101)....... 10,715 305,592 # Pulse Seismic, Inc................................. 33,004 78,958 * QLT, Inc........................................... 3,731 16,178 Quebecor, Inc. Class B............................. 16,000 401,039 * Questerre Energy Corp. Class A..................... 16,560 3,845 Reitmans Canada, Ltd............................... 700 3,917 Reitmans Canada, Ltd. Class A...................... 22,199 141,506 * Restaurant Brands International, Inc.(76131D103)... 1,807 69,912 * Restaurant Brands International, Inc.(BTF8CF0)..... 2,706 104,873 Richelieu Hardware, Ltd............................ 4,307 200,792 #* Richmont Mines, Inc................................ 10,500 37,102 # Ritchie Bros Auctioneers, Inc.(2345390)............ 3,200 80,208 Ritchie Bros Auctioneers, Inc.(767744105).......... 11,313 282,825 * RMP Energy, Inc.................................... 84,637 288,407 * Rock Energy, Inc................................... 16,987 31,415 # Rocky Mountain Dealerships, Inc.................... 11,178 73,013 # Rogers Sugar, Inc.................................. 59,748 214,880 RONA, Inc.......................................... 82,392 829,302 Royal Bank of Canada(2754383)...................... 14,000 790,399 Royal Bank of Canada(780087102).................... 12,668 716,882 # Russel Metals, Inc................................. 20,929 385,738 #* Sandstorm Gold, Ltd................................ 40,209 162,013 * Sandvine Corp...................................... 26,856 68,477 Saputo, Inc........................................ 11,022 316,946 Savanna Energy Services Corp....................... 47,416 83,958 * Scorpio Mining Corp................................ 31,700 4,989 #* Sears Canada, Inc.................................. 7,764 72,709 Secure Energy Services, Inc........................ 21,025 244,053 * SEMAFO, Inc........................................ 190,920 668,603 # Shaw Communications, Inc. Class B(2801836)......... 4,800 110,830 Shaw Communications, Inc. Class B(82028K200)....... 2,103 48,663 ShawCor, Ltd....................................... 13,467 369,874 Sherritt International Corp........................ 175,629 295,779 #* Sierra Wireless, Inc.(2418968)..................... 11,300 408,710 #* Sierra Wireless, Inc.(826516106)................... 6,130 221,354 #* Silver Standard Resources, Inc.(82823L106)......... 19,769 121,975 * Silver Standard Resources, Inc.(2218458)........... 28,273 174,217 Silver Wheaton Corp................................ 9,100 209,041 SNC-Lavalin Group, Inc............................. 2,900 95,967 * Solium Capital, Inc................................ 6,894 36,458 * Southern Pacific Resource Corp..................... 135,301 532 # Sprott, Inc........................................ 106,567 234,820 # Spyglass Resources Corp............................ 80,669 17,775 * St Andrew Goldfields, Ltd.......................... 48,000 11,899 Stantec, Inc....................................... 13,024 320,296 Stella-Jones, Inc.................................. 6,100 174,162 511 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Strad Energy Services, Ltd......................... 4,059 $ 10,413 Stuart Olson, Inc.................................. 6,050 30,662 # Student Transportation, Inc........................ 17,176 95,430 # Sun Life Financial, Inc.(2566124).................. 21,576 659,828 Sun Life Financial, Inc.(866796105)................ 8,083 247,097 Suncor Energy, Inc.(867224107)..................... 88,134 2,627,275 Suncor Energy, Inc.(B3NB1P2)....................... 44,972 1,341,338 * SunOpta, Inc.(2817510)............................. 14,332 150,234 * SunOpta, Inc.(8676EP108)........................... 8,718 91,190 # Superior Plus Corp................................. 35,819 343,898 # Surge Energy, Inc.................................. 72,274 146,175 #* TAG Oil, Ltd....................................... 23,355 26,467 Talisman Energy, Inc.(87425E103)................... 167,418 1,258,983 Talisman Energy, Inc.(2068299)..................... 148,655 1,120,733 * Taseko Mines, Ltd.................................. 74,175 53,120 Teck Resources, Ltd. Class B(2879327).............. 10,991 142,285 Teck Resources, Ltd. Class B(878742204)............ 36,870 474,886 TELUS Corp......................................... 10,600 363,622 * Tembec, Inc........................................ 27,377 60,756 * Teranga Gold Corp.(B5TDK82)........................ 167,596 83,092 #* Teranga Gold Corp.(B4L8QT1)........................ 11,133 5,290 * Thompson Creek Metals Co., Inc.(884768102)......... 9,468 12,119 #* Thompson Creek Metals Co., Inc.(2439806)........... 80,157 99,668 # Thomson Reuters Corp............................... 10,416 399,688 #* Timmins Gold Corp.................................. 104,102 113,876 # TMX Group, Ltd..................................... 8,183 303,119 TORC Oil & Gas, Ltd................................ 44,281 287,492 Toromont Industries, Ltd........................... 20,141 437,786 Toronto-Dominion Bank (The)(2897222)............... 42,258 1,682,738 Toronto-Dominion Bank (The)(891160509)............. 5,699 226,991 Torstar Corp. Class B.............................. 30,474 164,517 Total Energy Services, Inc......................... 20,184 207,288 * Tourmaline Oil Corp................................ 6,206 170,644 # TransAlta Corp.(2901628)........................... 24,788 216,922 TransAlta Corp.(89346D107)......................... 79,104 690,578 # TransAlta Renewables, Inc.......................... 4,100 41,106 TransCanada Corp................................... 12,267 545,822 Transcontinental, Inc. Class A..................... 37,532 446,887 TransForce, Inc.................................... 24,833 563,614 # TransGlobe Energy Corp............................. 35,703 103,959 Trican Well Service, Ltd........................... 88,845 342,599 # Trilogy Energy Corp................................ 4,100 20,973 Trinidad Drilling, Ltd............................. 80,521 270,579 * Turquoise Hill Resources, Ltd.(900435108).......... 17,904 51,564 * Turquoise Hill Resources, Ltd.(B7WJ1F5)............ 75,598 219,530 * TVA Group, Inc. Class B............................ 653 3,520 # Twin Butte Energy, Ltd............................. 144,834 82,065 Uni-Select, Inc.................................... 4,046 100,298 # Valener, Inc....................................... 7,789 103,776 # Veresen, Inc....................................... 12,831 163,278 # Vermilion Energy, Inc.(B607XS1).................... 900 39,642 Vermilion Energy, Inc.(923725105).................. 3,538 154,964 Vicwest, Inc....................................... 5,723 56,343 512 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ CANADA -- (Continued) # Wajax Corp......................................... 8,209 $ 156,660 * Wesdome Gold Mines, Ltd............................ 14,500 14,834 West Fraser Timber Co., Ltd........................ 12,562 721,472 Western Energy Services Corp....................... 19,695 81,371 Western Forest Products, Inc....................... 143,065 290,476 # WesternOne, Inc.................................... 13,422 27,780 Westjet Airlines, Ltd.............................. 1,400 33,626 Westshore Terminals Investment Corp................ 11,689 294,364 Whistler Blackcomb Holdings, Inc................... 12,824 201,640 # Whitecap Resources, Inc............................ 92,716 905,489 Wi-Lan, Inc........................................ 69,507 186,526 Winpak, Ltd........................................ 3,603 107,180 # WSP Global, Inc.................................... 24,859 672,388 * Xtreme Drilling and Coil Services Corp............. 17,787 23,096 Yamana Gold, Inc.(2219279)......................... 148,540 614,873 Yamana Gold, Inc.(98462Y100)....................... 6,868 28,227 #* Yellow Pages, Ltd.................................. 2,100 29,037 # Zargon Oil & Gas, Ltd.............................. 16,494 51,142 ------------ TOTAL CANADA........................................... 120,637,636 ------------ CHINA -- (0.0%) * Hanfeng Evergreen, Inc............................. 5,700 580 * Technovator International, Ltd..................... 146,000 58,015 ------------ TOTAL CHINA............................................ 58,595 ------------ DENMARK -- (1.4%) ALK-Abello A.S..................................... 2,748 312,504 * Alm Brand A.S...................................... 48,831 252,805 # Ambu A.S. Class B.................................. 8,160 173,335 AP Moeller - Maersk A.S. Class A................... 168 328,757 AP Moeller - Maersk A.S. Class B................... 397 802,237 * Auriga Industries A.S. Class B..................... 5,968 282,405 #* Bang & Olufsen A.S................................. 17,643 122,018 * Bavarian Nordic A.S................................ 11,500 354,143 Carlsberg A.S. Class B............................. 13,073 959,957 Chr Hansen Holding A.S............................. 19,875 825,902 # D/S Norden A.S..................................... 12,539 259,329 Danske Bank A.S.................................... 32,955 852,953 Dfds A.S........................................... 1,459 140,672 DSV A.S............................................ 36,230 1,141,162 East Asiatic Co., Ltd. A.S......................... 3,691 29,157 # FLSmidth & Co. A.S................................. 14,450 610,515 * Genmab A.S......................................... 7,527 504,362 GN Store Nord A.S.................................. 56,780 1,272,891 H Lundbeck A.S..................................... 9,527 193,489 * H+H International A.S. Class B..................... 1,940 11,079 Harboes Bryggeri A.S. Class B...................... 511 7,016 IC Companys A.S.................................... 3,217 68,981 Jeudan A.S......................................... 667 59,287 * Jyske Bank A.S..................................... 30,655 1,387,545 NKT Holding A.S.................................... 10,884 559,084 Nordjyske Bank A.S................................. 140 2,145 513 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- DENMARK -- (Continued) Norresundby Bank A.S............................... 195 $ 11,539 Novozymes A.S. Class B............................. 7,154 326,254 Pandora A.S........................................ 12,272 877,296 * Parken Sport & Entertainment A.S................... 848 7,704 PER Aarsleff A.S. Class B.......................... 751 168,815 Ringkjoebing Landbobank A.S........................ 1,399 263,070 Rockwool International A.S. Class B................ 1,772 189,217 * Royal UNIBREW A.S.................................. 3,788 645,707 Schouw & Co........................................ 6,351 294,743 SimCorp A.S........................................ 9,900 287,718 Solar A.S. Class B................................. 2,269 100,223 Spar Nord Bank A.S................................. 31,713 285,934 * Sydbank A.S........................................ 32,488 915,162 TDC A.S............................................ 80,226 593,736 Tivoli A.S......................................... 1 483 * Topdanmark A.S..................................... 33,455 1,119,487 Tryg A.S........................................... 2,241 262,408 # United International Enterprises................... 798 119,643 * Vestas Wind Systems A.S............................ 37,011 1,438,011 #* Vestjysk Bank A.S.................................. 1,419 1,851 * William Demant Holding A.S......................... 3,763 285,595 * Zealand Pharma A.S................................. 1,167 15,126 ----------- TOTAL DENMARK.......................................... 19,723,452 ----------- FINLAND -- (2.0%) Afarak Group Oyj................................... 27,643 11,132 # Ahlstrom Oyj....................................... 6,489 58,626 Alma Media Oyj..................................... 6,053 20,713 Amer Sports Oyj.................................... 53,486 1,020,094 Apetit Oyj......................................... 276 4,806 Aspo Oyj........................................... 6,205 48,329 Atria Oyj.......................................... 3,573 31,229 Bank of Aland P.L.C. Class B....................... 5 69 BasWare Oyj........................................ 628 26,913 Cargotec Oyj....................................... 19,189 614,674 Caverion Corp...................................... 19,090 178,429 Citycon Oyj........................................ 62,377 211,491 Cramo Oyj.......................................... 5,196 80,128 Elektrobit Oyj..................................... 47,687 220,678 Elisa Oyj.......................................... 36,412 968,555 F-Secure Oyj....................................... 29,375 75,945 * Finnair Oyj........................................ 30,953 115,191 * Finnlines Oyj...................................... 894 16,161 # Fiskars Oyj Abp.................................... 5,171 108,577 Fortum Oyj......................................... 128,439 2,739,700 HKScan Oyj Class A................................. 13,510 58,837 Huhtamaki Oyj...................................... 36,947 1,012,911 Ilkka-Yhtyma Oyj................................... 3,592 8,860 Kemira Oyj......................................... 36,837 421,448 Kesko Oyj Class A.................................. 817 28,536 Kesko Oyj Class B.................................. 36,433 1,331,349 Kone Oyj Class B................................... 13,756 620,426 Konecranes Oyj..................................... 10,325 314,555 514 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FINLAND -- (Continued) Lassila & Tikanoja Oyj............................. 13,574 $ 271,880 * Lemminkainen Oyj................................... 2,421 30,128 Metsa Board Oyj.................................... 95,921 573,155 Metso Oyj.......................................... 21,081 641,395 Munksjo Oyj........................................ 3,591 38,057 Neste Oil Oyj...................................... 73,717 2,049,953 Nokia Oyj.......................................... 340,765 2,620,667 # Nokian Renkaat Oyj................................. 40,888 1,007,688 Okmetic Oyj........................................ 2,360 14,125 Olvi Oyj Class A................................... 6,300 171,182 * Oriola-KD Oyj Class B.............................. 50,855 207,296 Orion Oyj Class A.................................. 3,872 127,417 Orion Oyj Class B.................................. 25,776 849,826 #* Outokumpu Oyj...................................... 57,760 312,506 # Outotec Oyj........................................ 55,742 322,783 PKC Group Oyj...................................... 8,715 189,412 Ponsse Oy.......................................... 608 8,525 #* Poyry Oyj.......................................... 6,843 22,505 Raisio Oyj Class V................................. 48,998 235,415 Ramirent Oyj....................................... 35,732 295,026 Saga Furs Oyj...................................... 284 7,417 Sampo Oyj Class A.................................. 17,165 831,333 Sanoma Oyj......................................... 32,889 207,106 Stockmann Oyj Abp(5462371)......................... 2,666 20,127 Stockmann Oyj Abp(5462393)......................... 9,801 68,005 Stora Enso Oyj Class R............................. 263,493 2,556,521 * Talvivaara Mining Co. P.L.C........................ 190,260 6,514 Technopolis Oyj.................................... 19,201 87,034 Tieto Oyj.......................................... 30,114 740,030 Tikkurila Oyj...................................... 12,412 223,959 UPM-Kymmene Oyj.................................... 193,274 3,397,249 Uponor Oyj......................................... 16,765 255,478 Vaisala Oyj Class A................................ 1,578 40,342 Valmet OYJ......................................... 8,626 111,072 Wartsila Oyj Abp................................... 9,272 429,827 # YIT Oyj............................................ 29,594 172,367 ----------- TOTAL FINLAND.......................................... 29,491,684 ----------- FRANCE -- (6.1%) Accor SA........................................... 5,760 286,370 Actia Group........................................ 3,223 19,990 Aeroports de Paris................................. 1,173 140,742 #* Air France-KLM..................................... 45,894 404,114 Akka Technologies SA............................... 2,247 81,436 Albioma SA......................................... 12,436 231,094 * Alcatel-Lucent..................................... 261,297 904,376 * Alstom SA.......................................... 8,571 279,274 Altamir............................................ 2,833 33,172 Alten SA........................................... 8,733 365,775 Altran Technologies SA............................. 39,678 351,170 April SA........................................... 6,744 83,800 * Archos............................................. 3,060 8,239 Arkema SA.......................................... 8,914 635,876 515 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Assystem........................................... 3,682 $ 71,980 AtoS............................................... 17,565 1,291,550 Aubay.............................................. 672 8,355 Audika Groupe...................................... 1,518 22,060 AXA SA............................................. 88,159 2,062,210 AXA SA Sponsored ADR............................... 14,588 343,256 Axway Software SA.................................. 1,450 27,421 #* Beneteau SA........................................ 8,579 124,984 Bigben Interactive................................. 1,386 5,932 BioMerieux......................................... 2,454 268,088 BNP Paribas SA..................................... 47,192 2,477,832 Boiron SA.......................................... 2,387 244,140 Bollore SA(4572709)................................ 182,097 783,722 * Bollore SA(BQR9N80)................................ 200 836 Bonduelle S.C.A.................................... 5,814 131,036 Bongrain SA........................................ 1,522 92,675 Bouygues SA........................................ 45,309 1,614,588 Bureau Veritas SA.................................. 10,940 231,663 Burelle SA......................................... 58 43,159 Cap Gemini SA...................................... 13,755 998,339 Carrefour SA....................................... 44,139 1,383,132 Casino Guichard Perrachon SA....................... 18,881 1,712,929 * Cegedim SA......................................... 820 29,729 Cegid Group........................................ 3,620 130,328 #* CGG SA............................................. 18,610 103,097 #* CGG SA Sponsored ADR............................... 16,300 91,443 * Chargeurs SA....................................... 9,101 52,645 Christian Dior SA.................................. 1,359 233,733 Cie de Saint-Gobain................................ 83,394 3,552,641 Cie Generale des Etablissements Michelin........... 16,586 1,615,177 * Club Mediterranee SA............................... 7,116 198,308 CNP Assurances..................................... 34,195 600,309 Credit Agricole SA................................. 132,414 1,570,386 Dassault Systemes SA............................... 2,688 166,106 Derichebourg SA.................................... 59,924 232,959 Devoteam SA........................................ 983 18,902 Edenred............................................ 10,913 313,647 Eiffage SA......................................... 8,957 436,096 Electricite de France SA........................... 24,082 652,838 Electricite de Strasbourg SA....................... 88 10,946 #* Eramet............................................. 2,838 227,285 Essilor International SA........................... 9,075 1,010,696 * Esso SA Francaise.................................. 1,062 43,931 * Etablissements Maurel et Prom...................... 36,130 291,837 Euler Hermes Group................................. 3,745 366,741 #* Euro Disney SCA.................................... 2,997 4,175 Eurofins Scientific SE............................. 2,014 517,407 Eutelsat Communications SA......................... 13,379 459,615 Exel Industries Class A............................ 69 3,586 Faiveley Transport SA.............................. 2,273 137,885 Faurecia........................................... 22,716 912,419 Fimalac............................................ 1,034 81,498 Fleury Michon SA................................... 571 32,465 516 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) * GameLoft SE........................................ 9,353 $ 31,154 GDF Suez........................................... 151,611 3,362,486 GL Events.......................................... 3,508 65,339 Groupe Crit........................................ 1,664 73,012 Groupe Eurotunnel SE............................... 83,494 1,121,049 Groupe Flo......................................... 2,320 5,785 * Groupe Fnac........................................ 972 48,753 # Groupe Gorge....................................... 1,095 25,659 Guerbet............................................ 2,479 92,126 Haulotte Group SA.................................. 6,728 99,841 # Hermes International............................... 308 104,526 * Hi-Media SA........................................ 23,966 62,288 Iliad SA........................................... 1,081 251,080 Imerys SA.......................................... 4,908 354,383 # Ingenico........................................... 7,163 748,839 Interparfums SA.................................... 3,588 105,892 Ipsen SA........................................... 4,463 227,142 IPSOS.............................................. 9,922 258,530 Jacquet Metal Service.............................. 6,357 110,880 JCDecaux SA........................................ 6,656 239,487 Kering............................................. 3,675 741,480 Korian-Medica...................................... 16,007 605,350 Lafarge SA......................................... 30,333 2,078,286 Lagardere SCA...................................... 48,119 1,316,103 Laurent-Perrier.................................... 548 43,318 * Le Noble Age....................................... 1,220 27,474 Lectra............................................. 4,783 53,804 Legrand SA......................................... 10,454 560,388 Linedata Services.................................. 385 9,882 LISI............................................... 7,209 179,036 LVMH Moet Hennessy Louis Vuitton SA................ 5,176 832,427 * Manitou BF SA...................................... 3,827 56,183 Manutan International.............................. 336 15,182 Mersen............................................. 5,211 123,100 #* METabolic EXplorer SA.............................. 10,722 68,955 Metropole Television SA............................ 13,912 254,361 MGI Coutier........................................ 5,682 86,335 Montupet........................................... 2,611 207,204 Natixis SA......................................... 139,423 886,727 # Naturex............................................ 2,602 136,150 Neopost SA......................................... 10,220 530,262 * Nexans SA.......................................... 16,366 515,459 Nexity SA.......................................... 10,330 406,751 Norbert Dentressangle SA........................... 1,253 184,865 * NRJ Group.......................................... 3,854 28,876 * Onxeo.............................................. 5,700 39,612 Orange SA(5176177)................................. 177,688 3,126,078 Orange SA(684060106)............................... 3,032 53,303 #* Orco Property Group SA............................. 8,374 3,393 Orpea.............................................. 8,663 563,152 Paris Orleans SA................................... 507 9,910 * Parrot SA.......................................... 2,681 57,505 Pernod-Ricard SA................................... 2,185 261,998 517 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) * Peugeot SA......................................... 152,176 $2,193,527 #* Pierre & Vacances SA............................... 2,344 66,882 Plastic Omnium SA.................................. 15,164 435,352 PSB Industries SA.................................. 755 34,483 Publicis Groupe SA................................. 9,651 721,097 Rallye SA.......................................... 12,283 460,568 #* Recylex SA......................................... 7,033 15,131 Renault SA......................................... 31,881 2,436,549 Rexel SA........................................... 85,060 1,589,237 Robertet SA........................................ 246 45,681 Rubis SCA.......................................... 4,982 288,930 Safran SA.......................................... 9,646 642,422 Saft Groupe SA..................................... 13,630 434,761 Samse SA........................................... 40 4,810 Sanofi............................................. 25,687 2,366,797 Sartorius Stedim Biotech........................... 1,037 201,860 Schneider Electric SE(4834108)..................... 10,719 805,766 Schneider Electric SE(B11BPS1)..................... 1,883 141,543 SCOR SE............................................ 46,947 1,461,457 SEB SA............................................. 4,577 313,215 Seche Environnement SA............................. 944 22,268 #* Sequana SA......................................... 16,121 46,520 SES SA............................................. 12,025 438,050 Societe BIC SA..................................... 1,862 264,748 Societe d'Edition de Canal +....................... 23,777 160,163 Societe des Bains de Mer et du Cercle des Etrangers a Monaco............................... 408 20,272 Societe Generale SA................................ 43,582 1,750,092 Societe Internationale de Plantations d'Heveas SA.. 378 13,857 Societe Marseillaise du Tunnel Prado-Carenage SA... 200 7,167 Societe Television Francaise 1..................... 42,138 663,330 # Sodexo SA.......................................... 3,155 313,021 #* SOITEC............................................. 100,087 99,317 * Solocal Group...................................... 127,342 106,888 Somfy SA........................................... 303 76,915 Sopra Steria Group................................. 5,032 391,800 #* Ste Industrielle d'Aviation Latecoere SA........... 3,238 41,273 Stef SA............................................ 1,901 109,569 # STMicroelectronics NV(2430025)..................... 14,700 122,010 STMicroelectronics NV(5962332)..................... 127,072 1,055,125 #* Store Electronic................................... 1,158 16,417 Suez Environnement Co.............................. 14,741 270,974 Sword Group........................................ 2,537 55,879 Synergie SA........................................ 4,953 108,074 * Technicolor SA..................................... 65,890 393,608 Technip SA......................................... 17,827 1,041,038 Teleperformance.................................... 17,355 1,243,414 Thales SA.......................................... 4,494 236,664 * Theolia SA......................................... 18,387 11,427 Thermador Groupe................................... 269 21,585 Total Gabon........................................ 101 34,696 Total SA........................................... 96,144 4,935,126 # Total SA Sponsored ADR............................. 16,698 860,114 Touax SA........................................... 388 6,512 518 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) Trigano SA......................................... 4,601 $ 137,326 * UBISOFT Entertainment.............................. 62,316 1,250,891 Union Financiere de France BQE SA.................. 730 19,440 Valeo SA........................................... 6,816 961,067 Vallourec SA....................................... 38,233 829,541 #* Valneva SE......................................... 16,873 76,833 Veolia Environnement SA............................ 19,941 365,302 Vetoquinol SA...................................... 151 5,967 Vicat.............................................. 4,734 332,473 VIEL & Cie SA...................................... 10,410 23,537 Vilmorin & Cie SA.................................. 1,503 132,240 Vinci SA........................................... 18,216 956,962 Virbac SA.......................................... 907 201,328 Vivendi SA......................................... 38,310 905,942 VM Materiaux SA.................................... 25 683 Vranken-Pommery Monopole SA........................ 394 10,676 Zodiac Aerospace................................... 12,850 426,174 ----------- TOTAL FRANCE........................................... 89,549,668 ----------- GERMANY -- (5.5%) Aareal Bank AG..................................... 23,704 897,580 Adidas AG.......................................... 6,474 445,458 Adler Modemaerkte AG............................... 4,316 62,436 * ADVA Optical Networking SE......................... 18,658 61,675 #* Air Berlin P.L.C................................... 2,352 2,896 #* Aixtron SE......................................... 10,539 83,347 Allgeier SE........................................ 1,474 25,383 Allianz SE......................................... 21,899 3,610,955 Allianz SE ADR..................................... 11,988 197,802 Amadeus Fire AG.................................... 1,359 101,099 * AS Creation Tapeten................................ 50 1,542 Aurubis AG......................................... 15,615 846,542 Axel Springer SE................................... 7,705 473,784 BASF SE............................................ 28,207 2,522,767 * Bauer AG........................................... 4,972 90,971 Bayer AG........................................... 31 4,465 Bayerische Motoren Werke AG........................ 31,783 3,696,064 BayWa AG........................................... 6,054 238,134 Bechtle AG......................................... 5,830 492,674 Beiersdorf AG...................................... 3,397 298,158 Bertrandt AG....................................... 1,271 167,057 Bijou Brigitte AG.................................. 1,717 103,446 Bilfinger SE....................................... 9,638 503,520 # Biotest AG......................................... 1,418 157,582 Borussia Dortmund GmbH & Co. KGaA.................. 42,159 189,910 Brenntag AG........................................ 13,863 754,635 CANCOM SE.......................................... 3,678 157,316 Carl Zeiss Meditec AG.............................. 3,846 101,448 Celesio AG......................................... 38,400 1,137,534 CENIT AG........................................... 1,384 18,737 CENTROTEC Sustainable AG........................... 3,786 56,476 Cewe Stiftung & Co. KGAA........................... 2,595 152,114 # Comdirect Bank AG.................................. 15,116 150,201 519 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) * Commerzbank AG..................................... 141,238 $1,693,342 CompuGroup Medical AG.............................. 7,418 191,873 * Constantin Medien AG............................... 11,950 17,395 Continental AG..................................... 2,736 617,370 CropEnergies AG.................................... 11,125 33,982 CTS Eventim AG & Co. KGaA.......................... 9,694 277,272 Daimler AG......................................... 60,561 5,484,694 # Delticom AG........................................ 1,376 26,491 Deutsche Bank AG(5750355).......................... 1,436 41,684 # Deutsche Bank AG(D18190898)........................ 64,391 1,866,051 Deutsche Boerse AG................................. 9,445 724,251 Deutsche Lufthansa AG.............................. 96,022 1,624,111 Deutsche Post AG................................... 28,268 914,840 Deutsche Telekom AG................................ 101,563 1,750,752 Deutsche Telekom AG Sponsored ADR.................. 26,160 449,952 Deutsche Wohnen AG................................. 24,198 628,563 Deutz AG........................................... 43,665 201,290 * Dialog Semiconductor P.L.C......................... 18,013 688,904 DMG Mori Seiki AG.................................. 30,433 996,848 Dr Hoenle AG....................................... 1,129 22,916 Draegerwerk AG & Co. KGaA.......................... 1,067 85,417 Drillisch AG....................................... 8,176 316,753 Duerr AG........................................... 4,874 443,589 E.ON SE............................................ 96,871 1,499,557 Eckert & Ziegler AG................................ 2,499 59,307 Elmos Semiconductor AG............................. 5,218 103,221 ElringKlinger AG................................... 11,909 414,947 #* Euromicron AG...................................... 3,318 42,431 #* Evotec AG.......................................... 26,184 108,034 Fielmann AG........................................ 2,696 183,253 Francotyp-Postalia Holding AG Class A.............. 2,977 14,118 Fraport AG Frankfurt Airport Services Worldwide.... 12,112 740,075 Freenet AG......................................... 30,043 894,543 Fresenius Medical Care AG & Co. KGaA............... 10,537 780,931 # Fresenius Medical Care AG & Co. KGaA ADR........... 2,000 74,180 Fresenius SE & Co. KGaA............................ 39,756 2,275,503 Fuchs Petrolub SE.................................. 994 37,538 * GAGFAH SA.......................................... 4,662 103,886 GEA Group AG....................................... 14,891 673,078 Gerresheimer AG.................................... 9,595 523,111 Gerry Weber International AG....................... 5,522 212,754 Gesco AG........................................... 909 71,277 GFK SE............................................. 4,434 176,543 GFT Technologies AG................................ 7,299 112,097 Grammer AG......................................... 6,884 273,769 Grenkeleasing AG................................... 1,404 150,304 * H&R AG............................................. 3,046 23,134 Hamburger Hafen und Logistik AG.................... 11,534 236,966 Hannover Rueck SE.................................. 12,736 1,141,493 Hawesko Holding AG................................. 261 11,772 HeidelbergCement AG................................ 21,577 1,586,754 #* Heidelberger Druckmaschinen AG..................... 127,169 298,534 Henkel AG & Co. KGaA............................... 1,781 182,236 520 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- GERMANY -- (Continued) Highlight Communications AG........................ 7,046 $ 27,029 Hochtief AG........................................ 7,050 490,295 Homag Group AG..................................... 1,297 50,620 Hornbach Baumarkt AG............................... 1,578 57,514 Hugo Boss AG....................................... 2,472 319,160 Indus Holding AG................................... 9,631 420,091 Infineon Technologies AG........................... 11,283 126,447 Infineon Technologies AG ADR....................... 51,964 586,674 Isra Vision AG..................................... 1,401 86,156 Jenoptik AG........................................ 25,485 340,996 * Joyou AG........................................... 2,072 28,678 K+S AG............................................. 56,515 1,784,359 * Kloeckner & Co. SE................................. 49,056 505,445 * Koenig & Bauer AG.................................. 2,871 37,941 * Kontron AG......................................... 30,927 182,840 Krones AG.......................................... 5,174 489,839 KSB AG............................................. 37 18,855 # KUKA AG............................................ 8,767 592,676 KWS Saat AG........................................ 469 143,320 Lanxess AG......................................... 19,908 954,251 Leifheit AG........................................ 470 25,733 Leoni AG........................................... 14,925 931,110 Linde AG........................................... 6,174 1,182,755 # LPKF Laser & Electronics AG........................ 6,156 67,901 MAN SE............................................. 1,448 154,377 #* Manz AG............................................ 1,017 72,843 #* Medigene AG........................................ 1,746 7,481 Merck KGaA......................................... 4,942 493,787 * Metro AG........................................... 24,544 755,255 MLP AG............................................. 16,295 64,623 MTU Aero Engines AG................................ 12,009 1,098,664 Muehlbauer Holding AG.............................. 110 2,038 Muenchener Rueckversicherungs-Gesellschaft AG...... 8,536 1,711,311 MVV Energie AG..................................... 479 13,250 Nemetschek AG...................................... 1,149 119,933 * Nordex SE.......................................... 20,754 400,557 Norma Group SE..................................... 8,234 408,311 OHB AG............................................. 2,886 69,055 * Osram Licht AG..................................... 14,483 665,776 * Patrizia Immobilien AG............................. 16,562 290,418 Pfeiffer Vacuum Technology AG...................... 2,137 191,906 # PNE Wind AG........................................ 37,572 93,592 Progress-Werk Oberkirch AG......................... 195 8,529 Puma SE............................................ 437 83,174 * QIAGEN NV(5732825)................................. 27,968 639,884 * QIAGEN NV(2437907)................................. 12,879 295,315 QSC AG............................................. 43,767 86,885 # R Stahl AG......................................... 745 35,814 Rational AG........................................ 526 173,114 Rheinmetall AG..................................... 15,191 657,368 Rhoen Klinikum AG.................................. 17,221 456,244 # RIB Software AG.................................... 1,424 18,127 RWE AG............................................. 85,573 2,373,744 521 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) SAF-Holland SA..................................... 23,983 $ 354,169 Salzgitter AG...................................... 21,811 594,586 Schaltbau Holding AG............................... 1,668 85,714 #* SGL Carbon SE...................................... 7,626 121,079 SHW AG............................................. 1,954 96,424 Siemens AG......................................... 10,092 1,066,087 * Singulus Technologies AG........................... 16,452 15,776 Sixt SE............................................ 5,889 228,188 #* SKW Stahl-Metallurgie Holding AG................... 1,512 7,752 #* SMA Solar Technology AG............................ 5,907 71,810 SMT Scharf AG...................................... 508 8,160 Softing AG......................................... 444 7,358 Software AG........................................ 19,123 506,128 #* Solarworld AG...................................... 106 1,373 Stada Arzneimittel AG.............................. 22,624 701,483 STRATEC Biomedical AG.............................. 349 18,804 Stroeer Media SE................................... 8,990 261,669 # Suedzucker AG...................................... 15,415 193,832 Surteco SE......................................... 393 10,875 * Suss Microtec AG................................... 11,080 58,225 Symrise AG......................................... 5,966 390,492 Syzygy AG.......................................... 1,491 13,093 # TAG Immobilien AG.................................. 26,881 349,165 Takkt AG........................................... 11,261 191,740 * Talanx AG.......................................... 12,057 367,211 Technotrans AG..................................... 1,769 19,550 Telefonica Deutschland Holding AG.................. 168,490 934,745 #* ThyssenKrupp AG.................................... 31,161 809,521 * Tom Tailor Holding AG.............................. 6,569 80,654 Tomorrow Focus AG.................................. 6,821 28,841 United Internet AG................................. 8,463 366,619 USU Software AG.................................... 590 9,871 Volkswagen AG...................................... 2,488 552,401 # Vossloh AG......................................... 2,286 146,369 VTG AG............................................. 4,977 119,472 # Wacker Chemie AG................................... 3,666 392,533 Wacker Neuson SE................................... 13,502 273,477 Washtec AG......................................... 5,153 87,369 Wincor Nixdorf AG.................................. 6,360 291,461 Wirecard AG........................................ 1,494 66,781 XING AG............................................ 626 76,432 # Zeal Network SE.................................... 2,174 91,556 ----------- TOTAL GERMANY.......................................... 80,868,299 ----------- GREECE -- (0.0%) * Bank of Cyprus Pcl................................. -- -- ----------- HONG KONG -- (2.9%) Aeon Stores Hong Kong Co., Ltd..................... 22,000 24,413 AIA Group, Ltd..................................... 219,200 1,271,036 Allied Group, Ltd.................................. 6,000 25,491 Allied Properties HK, Ltd.......................... 382,540 75,962 * Anxian Yuan China Holdings, Ltd.................... 580,000 10,470 522 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) * Apac Resources, Ltd................................ 82,117 $ 1,191 APT Satellite Holdings, Ltd........................ 141,000 191,774 Asia Financial Holdings, Ltd....................... 98,000 41,921 Asia Satellite Telecommunications Holdings, Ltd.... 36,000 125,135 Asia Standard International Group, Ltd............. 22,000 5,165 ASM Pacific Technology, Ltd........................ 14,100 127,374 Associated International Hotels, Ltd............... 10,000 30,115 Aupu Group Holding Co., Ltd........................ 240,000 47,216 Bank of East Asia, Ltd............................. 80,058 332,650 BOC Hong Kong Holdings, Ltd........................ 143,000 501,242 # Bonjour Holdings, Ltd.............................. 486,200 43,908 Bossini International Hldg......................... 160,000 13,563 #* Brightoil Petroleum Holdings, Ltd.................. 749,000 181,933 * Brockman Mining, Ltd............................... 873,840 32,567 * Burwill Holdings, Ltd.............................. 1,724,000 74,266 Cafe de Coral Holdings, Ltd........................ 76,000 279,761 Cathay Pacific Airways, Ltd........................ 152,000 353,459 CEC International Holdings, Ltd.................... 118,000 34,489 Chen Hsong Holdings................................ 48,000 12,810 Cheuk Nang Holdings, Ltd........................... 20,966 19,034 Cheung Kong Holdings, Ltd.......................... 64,000 1,221,298 Cheung Kong Infrastructure Holdings, Ltd........... 30,000 246,218 * Cheung Wo International Holdings, Ltd.............. 348,000 27,806 Chevalier International Holdings, Ltd.............. 20,000 34,325 * China Billion Resources, Ltd....................... 198,000 -- * China Chuanglian Education Group, Ltd.............. 660,000 18,839 * China Daye Non-Ferrous Metals Mining, Ltd.......... 582,000 10,523 #* China Dynamics Holdings, Ltd....................... 1,360,000 101,334 # China Electronics Corp. Holdings Co., Ltd.......... 312,000 71,885 * China Energy Development Holdings, Ltd............. 4,820,000 91,613 * China Flavors & Fragrances Co., Ltd................ 18,102 2,389 * China Infrastructure Investment, Ltd............... 532,000 8,238 China Metal International Holdings, Inc............ 162,000 52,303 * China Renji Medical Group, Ltd..................... 546,450 15,965 * China Solar Energy Holdings, Ltd................... 64,000 279 * China Star Entertainment, Ltd...................... 4,700,000 74,777 Chong Hing Bank, Ltd............................... 2,958 6,658 # Chow Sang Sang Holdings International, Ltd......... 152,000 402,843 # Chow Tai Fook Jewellery Group, Ltd................. 69,600 92,095 Chu Kong Shipping Enterprise Group Co., Ltd........ 298,000 79,019 Chuang's Consortium International, Ltd............. 266,925 33,089 CITIC Telecom International Holdings, Ltd.......... 774,000 239,209 CK Life Sciences International Holdings, Inc....... 966,000 98,302 CNT Group, Ltd..................................... 406,000 23,577 * Continental Holdings, Ltd.......................... 1,520,000 37,888 * CP Lotus Corp...................................... 260,000 5,665 Cross-Harbour Holdings, Ltd. (The)................. 7,000 7,671 CSI Properties, Ltd................................ 1,711,515 65,966 * CST Mining Group, Ltd.............................. 1,920,000 10,905 Cw Group Holdings, Ltd............................. 174,000 47,222 Dah Sing Banking Group, Ltd........................ 214,995 358,683 Dah Sing Financial Holdings, Ltd................... 79,466 457,544 * Dan Form Holdings Co., Ltd......................... 191,000 30,518 523 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) Dickson Concepts International, Ltd................ 34,500 $ 16,216 Dorsett Hospitality International, Ltd............. 385,000 63,558 Emperor Capital Group, Ltd......................... 342,000 33,702 # Emperor Entertainment Hotel, Ltd................... 310,000 73,107 Emperor International Holdings, Ltd................ 629,750 142,711 Emperor Watch & Jewellery, Ltd..................... 2,080,000 89,566 * EPI Holdings, Ltd.................................. 1,400,000 22,944 Esprit Holdings, Ltd............................... 730,999 826,453 Fairwood Holdings, Ltd............................. 24,500 61,232 # Far East Consortium International, Ltd............. 508,930 198,876 * FIH Mobile, Ltd.................................... 560,000 249,115 First Pacific Co., Ltd............................. 657,200 666,890 Fountain SET Holdings, Ltd......................... 436,000 45,390 Fujikon Industrial Holdings, Ltd................... 8,000 1,502 * Fullshare Holdings, Ltd............................ 442,500 30,322 # Future Bright Holdings, Ltd........................ 348,000 90,333 * G-Resources Group, Ltd............................. 11,707,800 332,188 * GCL New Energy Holdings, Ltd....................... 568,000 66,412 Get Nice Holdings, Ltd............................. 1,692,000 77,151 # Giordano International, Ltd........................ 652,000 308,509 * Global Brands Group Holding, Ltd................... 284,000 53,508 Glorious Sun Enterprises, Ltd...................... 122,000 26,580 Golden Resources Development International, Ltd.... 90,000 5,350 * Good Fellow Resources Holdings, Ltd................ 150,000 30,572 Guoco Group, Ltd................................... 1,000 11,797 # Haitong International Securities Group, Ltd........ 158,405 99,785 Hang Lung Group, Ltd............................... 128,000 610,397 Hang Lung Properties, Ltd.......................... 239,000 699,660 Hang Seng Bank, Ltd................................ 22,400 391,749 * Hao Tian Development Group, Ltd.................... 1,408,000 59,985 Harbour Centre Development, Ltd.................... 36,000 65,766 Henderson Land Development Co., Ltd................ 198,141 1,418,885 HKR International, Ltd............................. 341,371 175,352 Hon Kwok Land Investment Co., Ltd.................. 62,000 20,510 Hong Kong & China Gas Co., Ltd..................... 106,700 244,613 Hong Kong Aircraft Engineering Co., Ltd............ 7,200 79,561 Hong Kong Ferry Holdings Co., Ltd.................. 17,000 19,135 * Hong Kong Television Network, Ltd. ADR............. 3,100 26,567 Hongkong & Shanghai Hotels (The)................... 120,500 172,391 Hongkong Chinese, Ltd.............................. 118,000 20,687 Hopewell Holdings, Ltd............................. 247,500 927,534 # Hsin Chong Construction Group, Ltd................. 724,000 82,048 Hung Hing Printing Group, Ltd...................... 150,000 20,307 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 670,000 306,500 Hutchison Whampoa, Ltd............................. 66,000 873,455 Hysan Development Co., Ltd......................... 36,000 174,458 * I-CABLE Communications, Ltd........................ 358,000 32,226 #* Imagi International Holdings, Ltd.................. 3,008,000 65,518 #* Integrated Waste Solutions Group Holdings, Ltd..... 768,000 31,525 * International Standard Resources Holdings, Ltd..... 605,000 28,901 iOne Holdings, Ltd................................. 700,000 22,160 IPE Group, Ltd..................................... 60,000 5,418 * IRC, Ltd........................................... 664,000 40,443 524 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) # IT, Ltd............................................ 298,000 $ 76,371 ITC Corp., Ltd..................................... 136,000 12,092 Johnson Electric Holdings, Ltd..................... 161,125 586,164 # K Wah International Holdings, Ltd.................. 607,329 327,678 Ka Shui International Holdings, Ltd................ 140,000 20,552 * Kader Holdings Co., Ltd............................ 122,000 12,559 Kerry Logistics Network, Ltd....................... 52,750 80,457 Kerry Properties, Ltd.............................. 204,500 726,557 Kingmaker Footwear Holdings, Ltd................... 72,000 12,056 # Kingston Financial Group, Ltd...................... 1,610,000 184,756 * Ko Yo Chemical Group, Ltd.......................... 268,000 61,995 Kowloon Development Co., Ltd....................... 219,000 255,514 L'Occitane International SA........................ 85,500 215,763 Lai Sun Development Co., Ltd....................... 5,865,666 131,239 Lee's Pharmaceutical Holdings, Ltd................. 46,500 69,945 Lerado Group Holding Co., Ltd...................... 138,000 9,435 Li & Fung, Ltd..................................... 284,000 280,323 Lifestyle International Holdings, Ltd.............. 135,000 265,666 Lippo China Resources, Ltd......................... 1,392,000 47,434 Lippo, Ltd......................................... 6,000 3,305 # Liu Chong Hing Investment, Ltd..................... 112,000 138,128 Luen Thai Holdings, Ltd............................ 87,000 16,888 Luk Fook Holdings International, Ltd............... 173,000 645,334 Lung Kee Bermuda Holdings.......................... 38,000 10,621 Magnificent Estates................................ 818,000 35,800 # Man Wah Holdings, Ltd.............................. 264,000 225,087 Man Yue Technology Holdings, Ltd................... 142,000 20,795 * Mei Ah Entertainment Group, Ltd.................... 540,000 37,515 Melco Crown Entertainment, Ltd. ADR................ 10,831 259,944 # Melco International Development, Ltd............... 71,000 141,548 MGM China Holdings, Ltd............................ 52,400 127,462 #* Midland Holdings, Ltd.............................. 358,584 180,833 * Ming Fung Jewellery Group, Ltd..................... 729,000 7,016 Miramar Hotel & Investment......................... 39,000 49,418 * Mongolian Mining Corp.............................. 2,217,499 87,681 MTR Corp., Ltd..................................... 28,025 124,152 NagaCorp, Ltd...................................... 438,000 343,489 Natural Beauty Bio-Technology, Ltd................. 140,000 13,561 * Neo-Neon Holdings, Ltd............................. 205,000 31,889 * Neptune Group, Ltd................................. 2,370,000 36,575 New World Development Co., Ltd..................... 1,214,465 1,451,071 # Newocean Energy Holdings, Ltd...................... 668,000 245,700 Next Media, Ltd.................................... 184,000 16,301 NWS Holdings, Ltd.................................. 184,857 342,131 * Orange Sky Golden Harvest Entertainment Holdings, Ltd.............................................. 750,000 46,425 Orient Overseas International, Ltd................. 101,500 661,473 Oriental Watch Holdings............................ 198,000 35,180 Pacific Andes International Holdings, Ltd.......... 1,218,336 41,704 Pacific Basin Shipping, Ltd........................ 599,000 220,888 Pacific Textile Holdings, Ltd...................... 162,000 223,510 Paliburg Holdings, Ltd............................. 44,000 14,691 # Paradise Entertainment, Ltd........................ 184,000 62,757 PCCW, Ltd.......................................... 867,013 572,917 525 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) * Pearl Oriental Oil, Ltd............................ 558,800 $ 12,199 # Pico Far East Holdings, Ltd........................ 204,000 45,778 Playmates Holdings, Ltd............................ 64,000 62,172 # Playmates Toys, Ltd................................ 340,000 71,952 Polytec Asset Holdings, Ltd........................ 810,000 109,413 # Prada SpA.......................................... 22,800 133,718 Public Financial Holdings, Ltd..................... 48,000 22,908 PYI Corp., Ltd..................................... 992,000 20,688 Regal Hotels International Holdings, Ltd........... 296,000 183,902 * Richfield Group Holdings, Ltd...................... 664,000 25,221 # SA SA International Holdings, Ltd.................. 256,000 165,044 Samsonite International SA......................... 179,400 544,457 * Sandmartin International Holdings, Ltd............. 6,000 293 SAS Dragon Hldg, Ltd............................... 294,000 63,119 SEA Holdings, Ltd.................................. 62,000 41,603 Shangri-La Asia, Ltd............................... 349,666 453,010 Shenyin Wanguo HK, Ltd............................. 127,500 99,188 * Shougang Concord Technology Holdings............... 892,000 29,792 Shun Tak Holdings, Ltd............................. 921,249 421,004 * Silver base Group Holdings, Ltd.................... 218,000 27,514 Simsen International Corp., Ltd.................... 180,000 39,704 Singamas Container Holdings, Ltd................... 704,000 113,355 Sino Land Co., Ltd................................. 516,076 865,689 Sitoy Group Holdings, Ltd.......................... 81,000 53,252 SJM Holdings, Ltd.................................. 131,000 191,318 # SmarTone Telecommunications Holdings, Ltd.......... 142,666 250,134 * SOCAM Development, Ltd............................. 93,768 85,209 Soundwill Holdings, Ltd............................ 12,000 19,470 * South China China, Ltd............................. 480,000 48,729 Stella International Holdings, Ltd................. 116,000 303,190 Stelux Holdings International, Ltd................. 162,800 39,922 * Success Universe Group, Ltd........................ 300,000 8,337 Sun Hung Kai & Co., Ltd............................ 294,341 263,912 Sun Hung Kai Properties, Ltd....................... 93,282 1,515,515 Swire Pacific, Ltd. Class A........................ 43,000 575,838 Swire Pacific, Ltd. Class B........................ 67,500 164,900 * Symphony Holdings, Ltd............................. 220,000 17,623 TAI Cheung Holdings, Ltd........................... 47,000 39,042 Tao Heung Holdings, Ltd............................ 66,000 29,388 * Taung Gold International, Ltd...................... 970,000 21,056 Techtronic Industries Co., Ltd..................... 184,000 600,901 Television Broadcasts, Ltd......................... 105,300 654,307 Texwinca Holdings, Ltd............................. 312,000 257,024 * Titan Petrochemicals Group, Ltd.................... 620,000 200 Tradelink Electronic Commerce, Ltd................. 118,000 26,420 Transport International Holdings, Ltd.............. 63,600 156,825 # Trinity, Ltd....................................... 568,000 110,597 * TSC Group Holdings, Ltd............................ 225,000 56,629 #* United Laboratories International Holdings, Ltd. (The)............................................ 267,000 130,823 Value Partners Group, Ltd.......................... 187,000 158,907 Varitronix International, Ltd...................... 231,000 157,449 Victory City International Holdings, Ltd........... 1,024,772 145,910 Vitasoy International Holdings, Ltd................ 186,000 257,919 526 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- HONG KONG -- (Continued) VST Holdings, Ltd.................................. 433,200 $ 138,505 # VTech Holdings, Ltd................................ 37,300 524,102 Wharf Holdings, Ltd. (The)......................... 94,000 764,537 Wheelock & Co., Ltd................................ 146,000 827,915 Wing On Co. International, Ltd..................... 30,000 95,116 Wing Tai Properties, Ltd........................... 120,000 76,231 # Wynn Macau, Ltd.................................... 67,600 186,762 Xinyi Glass Holdings, Ltd.......................... 1,006,000 530,444 # Xinyi Solar Holdings, Ltd.......................... 242,000 66,784 YGM Trading, Ltd................................... 8,000 14,128 Yue Yuen Industrial Holdings, Ltd.................. 172,500 647,446 ----------- TOTAL HONG KONG........................................ 41,683,895 ----------- IRELAND -- (0.5%) * Bank of Ireland.................................... 3,184,554 958,451 #* Bank of Ireland Sponsored ADR...................... 10,709 129,151 C&C Group P.L.C.................................... 71,103 277,145 CRH P.L.C.......................................... 9,182 221,522 CRH P.L.C. Sponsored ADR........................... 84,757 2,046,034 Dragon Oil P.L.C................................... 41,121 341,332 FBD Holdings P.L.C................................. 8,425 104,610 Glanbia P.L.C...................................... 38,215 615,263 IFG Group P.L.C.................................... 7,878 13,799 Irish Continental Group P.L.C...................... 37,097 137,154 * Kenmare Resources P.L.C............................ 71,237 3,666 Kerry Group P.L.C. Class A......................... 8,222 595,883 Kingspan Group P.L.C............................... 39,580 715,149 Paddy Power P.L.C.................................. 9,745 759,480 Smurfit Kappa Group P.L.C.......................... 32,414 796,908 ----------- TOTAL IRELAND.......................................... 7,715,547 ----------- ISRAEL -- (0.7%) * Africa Israel Investments, Ltd..................... 73,121 64,668 Africa Israel Properties, Ltd...................... 1,260 15,690 * Airport City, Ltd.................................. 4,711 38,843 * AL-ROV Israel, Ltd................................. 1,591 43,049 * Allot Communications, Ltd.......................... 3,043 27,667 * Alon Blue Square Israel, Ltd....................... 1,554 3,907 * Alrov Properties and Lodgings, Ltd................. 710 13,030 Amot Investments, Ltd.............................. 13,827 41,006 * AudioCodes, Ltd.................................... 4,091 20,894 Avgol Industries 1953, Ltd......................... 13,177 10,321 * Azorim-Investment Development & Construction Co., Ltd.............................................. 17,486 12,753 Azrieli Group...................................... 11,185 385,857 Bank Hapoalim BM................................... 170,928 759,271 * Bank Leumi Le-Israel BM............................ 175,500 585,099 Bayside Land Corp.................................. 85 22,864 Bezeq The Israeli Telecommunication Corp., Ltd..... 127,225 202,898 Big Shopping Centers, Ltd.......................... 959 38,221 * Cellcom Israel, Ltd.(M2196U109).................... 10,685 55,989 * Cellcom Israel, Ltd.(B23WQK8)...................... 833 4,399 * Ceragon Networks, Ltd.............................. 5,455 5,190 527 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- ISRAEL -- (Continued) * Clal Biotechnology Industries, Ltd................. 22,507 $ 19,818 * Clal Insurance Enterprises Holdings, Ltd........... 10,377 150,001 * Compugen, Ltd...................................... 2,327 17,979 Delek Automotive Systems, Ltd...................... 9,343 89,516 Delek Group, Ltd................................... 654 159,971 # Delta-Galil Industries, Ltd........................ 4,103 117,743 Elbit Systems, Ltd.(6308913)....................... 2,463 151,437 Elbit Systems, Ltd.(M3760D101)..................... 1,367 84,467 Electra, Ltd....................................... 1,077 115,049 # Elron Electronic Industries, Ltd................... 5,818 24,964 * Energix-Renewable Energies, Ltd.................... 837 380 * Evogene, Ltd....................................... 3,421 28,269 * EZchip Semiconductor, Ltd.(M4146Y108).............. 12,815 244,126 * EZchip Semiconductor, Ltd.(6554998)................ 1,999 37,491 First International Bank Of Israel, Ltd............ 12,276 154,003 Formula Systems 1985, Ltd.......................... 2,837 58,947 Fox Wizel, Ltd..................................... 747 16,996 Frutarom Industries, Ltd........................... 4,837 151,566 * Gilat Satellite Networks, Ltd.(B01BZ39)............ 1,140 5,217 * Gilat Satellite Networks, Ltd.(M51474118).......... 3,025 14,278 Golf & Co., Ltd.................................... 2,258 5,988 * Hadera Paper, Ltd.................................. 615 10,690 Harel Insurance Investments & Financial Services, Ltd.............................................. 58,142 258,782 Industrial Buildings Corp., Ltd.................... 5,056 5,316 Israel Chemicals, Ltd.............................. 5,296 38,056 * Israel Discount Bank, Ltd. Class A................. 285,062 445,379 Ituran Location and Control, Ltd.(B0LDC23)......... 2,289 47,995 Ituran Location and Control, Ltd.(M6158M104)....... 300 6,222 * Jerusalem Oil Exploration.......................... 5,243 155,228 #* Kamada, Ltd........................................ 5,535 22,443 Matrix IT, Ltd..................................... 28,800 131,128 #* Mazor Robotics, Ltd................................ 7,056 36,206 Meitav DS Investments, Ltd......................... 436 1,148 Melisron, Ltd...................................... 3,433 99,963 Menorah Mivtachim Holdings, Ltd.................... 12,336 108,505 Migdal Insurance & Financial Holding, Ltd.......... 76,210 90,734 * Mivtach Shamir Holdings, Ltd....................... 1,364 30,658 * Mizrahi Tefahot Bank, Ltd.......................... 42,230 460,842 * Naphtha Israel Petroleum Corp., Ltd................ 10,581 53,801 NICE Systems, Ltd. Sponsored ADR................... 2,453 120,074 * Nitsba Holdings 1995, Ltd.......................... 2,921 39,862 * Nova Measuring Instruments, Ltd.................... 7,838 86,044 #* Oil Refineries, Ltd................................ 730,402 212,462 Ormat Industries................................... 32,053 224,587 Osem Investments, Ltd.............................. 1,973 34,956 * Partner Communications Co., Ltd.................... 4,381 14,837 * Partner Communications Co., Ltd. ADR............... 10,082 33,573 Paz Oil Co., Ltd................................... 1,315 168,269 Phoenix Holdings, Ltd. (The)....................... 29,425 83,024 Plasson Industries, Ltd............................ 1,206 40,323 Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 2,501 98,762 * Sapiens International Corp. NV..................... 3,305 21,851 Shikun & Binui, Ltd................................ 48,197 91,279 528 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ISRAEL -- (Continued) Shufersal, Ltd..................................... 8,735 $ 17,981 * Strauss Group, Ltd................................. 2,188 32,048 * Summit Real Estate Holdings, Ltd................... 2,651 8,986 Teva Pharmaceutical Industries, Ltd................ 395 22,433 Teva Pharmaceutical Industries, Ltd. Sponsored ADR.................................... 55,754 3,170,172 #* Tower Semiconductor, Ltd........................... 4,630 69,989 * Union Bank of Israel............................... 8,716 28,333 ----------- TOTAL ISRAEL........................................... 10,622,763 ----------- ITALY -- (2.5%) A2A SpA............................................ 189,422 180,538 ACEA SpA........................................... 7,397 83,153 #* Aeffe SpA.......................................... 6,810 14,329 Alerion Cleanpower SpA............................. 2,861 7,736 Amplifon SpA....................................... 19,365 115,840 Ansaldo STS SpA.................................... 28,735 288,757 #* Arnoldo Mondadori Editore SpA...................... 30,930 32,246 Ascopiave SpA...................................... 8,381 18,022 Assicurazioni Generali SpA......................... 17,834 376,397 # Astaldi SpA........................................ 38,221 242,961 Atlantia SpA....................................... 19,780 509,113 * Autogrill SpA...................................... 36,685 313,392 Azimut Holding SpA................................. 23,394 545,344 #* Banca Carige SpA................................... 1,081,956 72,448 Banca Generali SpA................................. 14,051 392,525 Banca IFIS SpA..................................... 5,199 89,440 #* Banca Monte dei Paschi di Siena SpA................ 573,735 259,385 * Banca Popolare dell'Emilia Romagna SC.............. 232,309 1,566,725 * Banca Popolare di Milano Scarl..................... 2,420,538 1,937,574 Banca Popolare di Sondrio SCARL.................... 113,180 439,478 # Banca Profilo SpA.................................. 35,778 15,133 Banco di Desio e della Brianza SpA................. 19,322 49,902 * Banco Popolare SC.................................. 163,993 2,069,563 * BasicNet SpA....................................... 6,641 18,496 Biesse SpA......................................... 5,834 80,167 Brembo SpA......................................... 6,992 246,409 * Brioschi Sviluppo Immobiliare SpA.................. 10,866 1,208 # Brunello Cucinelli SpA............................. 4,034 82,984 Buzzi Unicem SpA................................... 33,500 411,262 Cairo Communication SpA............................ 8,750 55,704 # Cementir Holding SpA............................... 27,195 181,952 * CIR-Compagnie Industriali Riunite SpA.............. 216,130 238,523 CNH Industrial NV.................................. 33,265 253,239 Credito Emiliano SpA............................... 29,237 227,478 * Credito Valtellinese SC............................ 641,309 721,627 d'Amico International Shipping SA.................. 22,435 12,488 Danieli & C Officine Meccaniche SpA................ 4,759 116,684 Datalogic SpA...................................... 4,166 46,752 Davide Campari-Milano SpA.......................... 40,212 272,575 De'Longhi SpA...................................... 13,337 240,421 DiaSorin SpA....................................... 4,764 190,198 * Ei Towers SpA...................................... 2,079 103,165 El.En. SpA......................................... 407 14,181 529 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) Enel Green Power SpA............................... 99,708 $ 197,102 Engineering SpA.................................... 1,392 67,934 Eni SpA............................................ 92,219 1,551,915 Eni SpA Sponsored ADR.............................. 10,306 349,373 ERG SpA............................................ 26,031 309,948 Esprinet SpA....................................... 14,497 99,132 * Eurotech SpA....................................... 15,195 35,305 Falck Renewables SpA............................... 48,405 53,381 * Fiera Milano SpA................................... 5,754 44,007 * Finmeccanica SpA................................... 118,534 1,294,577 FNM SpA............................................ 72,438 44,414 #* Geox SpA........................................... 19,867 67,306 * Gruppo Editoriale L'Espresso SpA................... 50,190 63,467 GTECH SpA.......................................... 11,971 235,288 Hera SpA........................................... 76,977 188,654 * IMMSI SpA.......................................... 93,687 67,295 Industria Macchine Automatiche SpA................. 3,382 149,114 * Intek Group SpA.................................... 68,376 26,007 Interpump Group SpA................................ 16,337 232,855 Intesa Sanpaolo SpA................................ 695,469 2,033,732 Iren SpA........................................... 102,452 118,846 Italcementi SpA.................................... 67,869 467,256 Italmobiliare SpA.................................. 3,545 91,467 * Juventus Football Club SpA......................... 97,295 25,493 * Landi Renzo SpA.................................... 7,410 8,623 Luxottica Group SpA................................ 6,991 415,699 Luxottica Group SpA Sponsored ADR.................. 300 17,781 #* Maire Tecnimont SpA................................ 30,906 68,030 MARR SpA........................................... 8,957 156,530 * Mediaset SpA....................................... 203,858 925,734 Mediobanca SpA..................................... 157,150 1,361,266 Mediolanum SpA..................................... 19,890 141,439 Parmalat SpA....................................... 66,960 189,611 #* Piaggio & C SpA.................................... 49,378 150,307 Pirelli & C. SpA................................... 18,964 268,888 #* Prelios SpA........................................ 12,061 4,058 * Prima Industrie SpA................................ 2,010 34,003 Prysmian SpA....................................... 51,261 948,254 #* RCS MediaGroup SpA................................. 2,140 2,617 Recordati SpA...................................... 24,313 401,814 Reply SpA.......................................... 1,487 115,041 #* Retelit SpA........................................ 53,073 33,347 Sabaf SpA.......................................... 1,518 20,367 #* Safilo Group SpA................................... 16,356 233,227 #* Saipem SpA......................................... 30,844 277,493 * Salini Impregilo SpA............................... 15,185 55,380 Salvatore Ferragamo SpA............................ 12,742 368,863 * Saras SpA.......................................... 95,427 106,851 SAVE SpA........................................... 5,671 85,180 Servizi Italia SpA................................. 2,006 9,491 #* Snai SpA........................................... 24,408 38,519 Societa Cattolica di Assicurazioni S.c.r.l......... 53,756 414,592 Societa Iniziative Autostradali e Servizi SpA...... 22,976 229,716 530 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ITALY -- (Continued) #* Sogefi SpA......................................... 12,821 $ 37,009 SOL SpA............................................ 10,697 84,627 * Sorin SpA.......................................... 84,969 197,189 #* Telecom Italia SpA................................. 839,179 975,098 * Telecom Italia SpA Sponsored ADR................... 32,914 378,511 Tenaris SA(2167367)................................ 2,700 76,248 Tenaris SA(7538515)................................ 12,053 170,084 Terna Rete Elettrica Nazionale SpA................. 71,457 313,291 #* Tiscali SpA........................................ 160,000 9,749 # Tod's SpA.......................................... 2,341 240,549 Trevi Finanziaria Industriale SpA.................. 50,212 151,929 UniCredit SpA...................................... 209,463 1,234,838 Unione di Banche Italiane SCPA..................... 339,391 2,334,434 Unipol Gruppo Finanziario SpA...................... 136,913 690,484 UnipolSai SpA...................................... 197,970 548,770 Vittoria Assicurazioni SpA......................... 13,884 145,187 #* World Duty Free SpA................................ 20,251 223,079 * Yoox SpA........................................... 11,480 248,397 Zignago Vetro SpA.................................. 6,560 40,141 ----------- TOTAL ITALY............................................ 36,131,717 ----------- JAPAN -- (20.6%) 77 Bank, Ltd. (The)................................ 125,000 691,307 A&D Co., Ltd....................................... 9,700 40,484 ABC-Mart, Inc...................................... 1,100 54,871 Accordia Golf Co., Ltd............................. 33,000 336,027 Achilles Corp...................................... 66,000 84,742 Adastria Holdings Co., Ltd......................... 8,880 233,893 ADEKA Corp......................................... 41,900 513,994 Aderans Co., Ltd................................... 8,500 75,457 Advan Co., Ltd..................................... 2,600 29,096 Advanex, Inc....................................... 5,000 7,764 # Advantest Corp..................................... 11,300 143,363 Advantest Corp. ADR................................ 1,800 22,806 # Aeon Co., Ltd...................................... 235,219 2,484,414 Aeon Delight Co., Ltd.............................. 1,500 33,594 Aeon Fantasy Co., Ltd.............................. 3,600 48,248 * AGORA Hospitality Group Co., Ltd................... 34,000 13,549 # Agro-Kanesho Co., Ltd.............................. 1,500 13,718 Ahresty Corp....................................... 9,300 50,573 Ai Holdings Corp................................... 7,700 134,071 Aica Kogyo Co., Ltd................................ 8,300 184,748 Aichi Bank, Ltd. (The)............................. 4,400 215,903 Aichi Corp......................................... 16,200 78,994 Aichi Steel Corp................................... 59,000 244,593 # Aichi Tokei Denki Co., Ltd......................... 17,000 46,985 # Aida Engineering, Ltd.............................. 19,100 188,831 * Aigan Co., Ltd..................................... 2,400 5,097 Ain Pharmaciez, Inc................................ 6,800 219,156 Aiphone Co., Ltd................................... 1,100 17,257 Air Water, Inc..................................... 22,000 378,538 Airport Facilities Co., Ltd........................ 6,100 35,940 Aisan Industry Co., Ltd............................ 13,500 117,699 531 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Aisin Seiki Co., Ltd............................... 17,400 $ 607,880 Aizawa Securities Co., Ltd......................... 3,400 17,011 Ajinomoto Co., Inc................................. 26,000 535,795 # Akebono Brake Industry Co., Ltd.................... 47,300 167,003 Akita Bank, Ltd. (The)............................. 83,000 230,153 Alconix Corp....................................... 5,200 80,318 Alfresa Holdings Corp.............................. 27,700 328,406 Alinco, Inc........................................ 4,900 50,515 # Allied Telesis Holdings K.K........................ 20,700 16,493 # Alpen Co., Ltd..................................... 10,300 151,299 Alpha Corp......................................... 1,500 15,189 Alpha Systems, Inc................................. 560 7,439 Alpine Electronics, Inc............................ 24,300 375,808 Alps Electric Co., Ltd............................. 50,200 1,045,044 Alps Logistics Co., Ltd............................ 2,000 23,069 Amada Co., Ltd..................................... 101,000 920,517 Amano Corp......................................... 23,200 246,587 Amiyaki Tei Co., Ltd............................... 2,200 73,199 Anest Iwata Corp................................... 10,500 69,653 # Anritsu Corp....................................... 45,300 297,014 AOKI Holdings, Inc................................. 20,778 241,105 Aomori Bank, Ltd. (The)............................ 86,000 254,147 Aoyama Trading Co., Ltd............................ 25,300 850,316 Aozora Bank, Ltd................................... 59,000 214,711 Arakawa Chemical Industries, Ltd................... 7,600 77,166 Arata Corp......................................... 11,000 30,266 Araya Industrial Co., Ltd.......................... 17,000 26,434 Arcland Sakamoto Co., Ltd.......................... 8,400 156,685 Arcs Co., Ltd...................................... 15,789 325,312 Ariake Japan Co., Ltd.............................. 3,200 86,932 Arisawa Manufacturing Co., Ltd..................... 17,200 130,983 #* Arrk Corp.......................................... 16,100 19,185 # Artnature, Inc..................................... 6,500 67,963 As One Corp........................................ 4,500 120,396 Asahi Broadcasting Corp............................ 200 1,598 # Asahi Co., Ltd..................................... 4,900 47,946 Asahi Diamond Industrial Co., Ltd.................. 20,100 204,929 Asahi Glass Co., Ltd............................... 179,000 952,277 Asahi Group Holdings, Ltd.......................... 5,900 193,560 Asahi Holdings, Inc................................ 12,800 189,957 Asahi Intecc Co., Ltd.............................. 5,000 264,995 Asahi Kasei Corp................................... 84,000 829,589 Asahi Kogyosha Co., Ltd............................ 4,000 13,734 Asahi Organic Chemicals Industry Co., Ltd.......... 30,000 74,055 * Asanuma Corp....................................... 30,000 38,212 Asatsu-DK, Inc..................................... 17,500 437,770 #* Ashimori Industry Co., Ltd......................... 19,000 25,666 #* Asia Growth Capital, Ltd........................... 6,400 10,566 Asics Corp......................................... 5,000 122,697 ASKA Pharmaceutical Co., Ltd....................... 13,800 147,403 # ASKUL Corp......................................... 2,300 35,763 Asunaro Aoki Construction Co., Ltd................. 3,500 23,686 Atom Corp.......................................... 2,100 15,751 532 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Autobacs Seven Co., Ltd............................ 31,600 $462,643 # Avex Group Holdings, Inc........................... 11,700 197,301 Awa Bank, Ltd. (The)............................... 83,000 447,319 Axell Corp......................................... 2,700 38,133 Axial Retailing, Inc............................... 5,400 124,268 Azbil Corp......................................... 17,400 432,336 Bandai Namco Holdings, Inc......................... 8,000 161,978 Bando Chemical Industries, Ltd..................... 37,000 134,680 Bank of Iwate, Ltd. (The).......................... 7,500 304,821 Bank of Kochi, Ltd. (The).......................... 22,000 28,678 Bank of Kyoto, Ltd. (The).......................... 97,000 813,218 Bank of Nagoya, Ltd. (The)......................... 81,000 291,644 Bank of Okinawa, Ltd. (The)........................ 8,600 344,119 Bank of Saga, Ltd. (The)........................... 65,000 148,383 Bank of the Ryukyus, Ltd........................... 19,100 264,235 Bank of Yokohama, Ltd. (The)....................... 171,000 922,693 Belc Co., Ltd...................................... 5,400 149,823 Belluna Co., Ltd................................... 22,200 95,045 Benefit One, Inc................................... 1,400 14,848 Benesse Holdings, Inc.............................. 8,400 251,191 Best Denki Co., Ltd................................ 22,500 28,178 # Bic Camera, Inc.................................... 19,100 216,487 # Bit-isle, Inc...................................... 12,800 54,866 BML, Inc........................................... 4,500 120,395 Bookoff Corp....................................... 4,100 29,912 Bridgestone Corp................................... 12,200 487,601 Broadleaf Co., Ltd................................. 2,300 35,499 BRONCO BILLY Co., Ltd.............................. 300 9,895 Brother Industries, Ltd............................ 23,900 409,307 Bunka Shutter Co., Ltd............................. 22,000 177,758 C Uyemura & Co., Ltd............................... 800 40,551 Calbee, Inc........................................ 3,300 128,865 Calsonic Kansei Corp............................... 83,000 471,617 # Can Do Co., Ltd.................................... 1,300 16,950 Canon Electronics, Inc............................. 6,500 114,963 Canon Marketing Japan, Inc......................... 18,500 336,165 Canon, Inc......................................... 25,000 790,886 Capcom Co., Ltd.................................... 9,700 162,512 Carlit Holdings Co., Ltd........................... 3,400 20,714 # Casio Computer Co., Ltd............................ 18,200 284,918 Cawachi, Ltd....................................... 7,000 111,579 Central Glass Co., Ltd............................. 100,000 419,945 Central Sports Co., Ltd............................ 900 15,290 Century Tokyo Leasing Corp......................... 10,800 255,344 Chiba Bank, Ltd. (The)............................. 114,000 768,265 Chiba Kogyo Bank, Ltd. (The)....................... 22,100 150,650 Chino Corp......................................... 3,300 32,860 Chiyoda Co., Ltd................................... 7,000 148,927 Chiyoda Integre Co., Ltd........................... 7,900 147,927 # Chodai Co., Ltd.................................... 1,100 6,476 Chori Co., Ltd..................................... 5,700 92,313 Chubu Shiryo Co., Ltd.............................. 5,000 27,942 Chuetsu Pulp & Paper Co., Ltd...................... 50,000 125,663 533 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) * Chugai Mining Co., Ltd............................. 36,200 $ 8,615 Chugai Ro Co., Ltd................................. 30,000 69,815 Chugoku Bank, Ltd. (The)........................... 46,000 654,340 Chugoku Marine Paints, Ltd......................... 35,000 308,083 Chukyo Bank, Ltd. (The)............................ 44,000 77,297 Chuo Spring Co., Ltd............................... 5,000 13,993 Citizen Holdings Co., Ltd.......................... 72,400 577,905 CKD Corp........................................... 22,300 212,418 #* Clarion Co., Ltd................................... 36,000 106,200 Cleanup Corp....................................... 10,300 76,221 # CMIC Holdings Co., Ltd............................. 4,000 68,290 * CMK Corp........................................... 18,100 51,179 # Coca-Cola East Japan Co., Ltd...................... 12,972 215,983 # Coca-Cola West Co., Ltd............................ 24,200 346,139 Cocokara fine, Inc................................. 8,500 210,614 # COLOPL, Inc........................................ 1,400 31,995 Colowide Co., Ltd.................................. 10,700 180,483 Computer Engineering & Consulting, Ltd............. 3,500 29,909 COMSYS Holdings Corp............................... 23,100 314,258 CONEXIO Corp....................................... 3,700 33,286 * COOKPAD, Inc....................................... 2,500 100,060 Corona Corp........................................ 5,000 49,580 Cosel Co., Ltd..................................... 2,300 24,721 # Cosmo Oil Co., Ltd................................. 249,000 335,722 * Cosmos Initia Co., Ltd............................. 6,700 30,867 Cosmos Pharmaceutical Corp......................... 500 80,567 CREATE SD HOLDINGS Co., Ltd........................ 1,400 47,567 Credit Saison Co., Ltd............................. 8,000 134,771 # CROOZ, Inc......................................... 1,200 20,643 # CTI Engineering Co., Ltd........................... 5,100 63,052 # DA Consortium, Inc................................. 2,600 11,041 Dai Nippon Printing Co., Ltd....................... 80,000 719,472 Dai Nippon Toryo Co., Ltd.......................... 71,000 91,696 Dai-Dan Co., Ltd................................... 6,000 34,064 Dai-ichi Life Insurance Co., Ltd. (The)............ 52,600 704,714 # Dai-ichi Seiko Co., Ltd............................ 5,200 94,915 Daibiru Corp....................................... 21,400 188,288 Daicel Corp........................................ 58,000 721,122 Daido Kogyo Co., Ltd............................... 22,000 46,624 Daido Metal Co., Ltd............................... 15,000 140,788 # Daido Steel Co., Ltd............................... 127,000 497,445 Daidoh, Ltd........................................ 17,900 77,774 Daifuku Co., Ltd................................... 28,500 326,495 Daihatsu Diesel Manufacturing Co., Ltd............. 8,000 64,211 # Daihatsu Motor Co., Ltd............................ 17,700 246,817 Daihen Corp........................................ 48,000 231,542 # Daiho Corp......................................... 32,000 138,005 Daiichi Jitsugyo Co., Ltd.......................... 22,000 113,624 Daiichi Kigenso Kagaku-Kogyo Co., Ltd.............. 1,200 47,876 Daiichi Sankyo Co., Ltd............................ 16,600 240,822 Daiichikosho Co., Ltd.............................. 5,800 167,966 Daiken Corp........................................ 39,000 88,366 # Daiken Medical Co., Ltd............................ 4,000 40,488 534 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Daiki Aluminium Industry Co., Ltd.................. 10,000 $ 26,472 Daikin Industries, Ltd............................. 2,000 139,172 Daikoku Denki Co., Ltd............................. 3,300 52,855 Daikokutenbussan Co., Ltd.......................... 1,700 65,889 Daikyo, Inc........................................ 129,000 190,641 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 37,000 201,452 Daio Paper Corp.................................... 44,000 380,009 Daisan Bank, Ltd. (The)............................ 58,000 96,171 # Daiseki Co., Ltd................................... 5,400 91,563 Daishi Bank, Ltd. (The)............................ 129,000 429,216 # Daishinku Corp..................................... 20,000 58,203 Daiso Co., Ltd..................................... 35,000 130,442 Daisyo Corp........................................ 2,000 25,221 Daito Bank, Ltd. (The)............................. 39,000 46,869 Daito Electron Co., Ltd............................ 1,200 6,056 Daito Pharmaceutical Co., Ltd...................... 5,300 112,460 Daito Trust Construction Co., Ltd.................. 2,800 311,681 Daiwa House Industry Co., Ltd...................... 19,000 349,896 Daiwa Securities Group, Inc........................ 129,447 940,531 Daiwabo Holdings Co., Ltd.......................... 90,000 150,084 DC Co., Ltd........................................ 3,400 13,468 DCM Holdings Co., Ltd.............................. 43,100 287,560 # Dena Co., Ltd...................................... 29,100 382,657 Denki Kagaku Kogyo K.K............................. 246,000 969,268 Denso Corp......................................... 6,000 265,430 Dentsu, Inc........................................ 4,300 176,603 Denyo Co., Ltd..................................... 5,400 89,179 Descente, Ltd...................................... 14,000 158,690 DIC Corp........................................... 204,000 505,064 Disco Corp......................................... 1,700 155,743 DKS Co., Ltd....................................... 28,000 88,918 DMG Mori Seiki Co., Ltd............................ 17,700 229,584 Don Quijote Holdings Co., Ltd...................... 1,600 116,492 Doshisha Co., Ltd.................................. 10,000 156,090 Doutor Nichires Holdings Co., Ltd.................. 15,800 224,566 Dowa Holdings Co., Ltd............................. 34,000 271,479 Dr Ci:Labo Co., Ltd................................ 2,900 99,632 Dream Incubator, Inc............................... 2,100 38,566 DSB Co, Ltd........................................ 4,200 27,569 DTS Corp........................................... 6,800 142,738 Dunlop Sports Co., Ltd............................. 4,200 46,529 Duskin Co., Ltd.................................... 6,300 99,434 Dynic Corp......................................... 5,000 7,522 Eagle Industry Co., Ltd............................ 6,500 121,061 Earth Chemical Co., Ltd............................ 100 3,340 Ebara Corp......................................... 90,000 346,177 Ebara Jitsugyo Co., Ltd............................ 2,400 28,893 # EDION Corp......................................... 42,800 317,409 # Ehime Bank, Ltd. (The)............................. 65,000 138,192 Eidai Co., Ltd..................................... 11,000 42,267 Eighteenth Bank, Ltd. (The)........................ 68,000 196,554 Eiken Chemical Co., Ltd............................ 5,900 91,658 Eizo Corp.......................................... 9,700 210,745 535 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Elecom Co., Ltd.................................... 2,400 $ 54,645 Elematec Corp...................................... 2,574 56,552 # Emori Group Holdings Co., Ltd...................... 5,200 46,023 en-japan, Inc...................................... 3,400 49,400 # Endo Lighting Corp................................. 3,800 42,701 # Enplas Corp........................................ 4,100 146,308 * Enshu, Ltd......................................... 31,000 29,535 EPS Holdings, Inc.................................. 7,800 96,670 Excel Co., Ltd..................................... 3,800 41,685 Exedy Corp......................................... 16,200 356,257 Ezaki Glico Co., Ltd............................... 7,000 286,716 F-Tech, Inc........................................ 3,400 33,562 # F@N Communications, Inc............................ 8,100 91,162 FALCO HOLDINGS Co., Ltd............................ 1,000 11,037 FamilyMart Co., Ltd................................ 4,000 173,255 # Fancl Corp......................................... 14,600 233,671 # FCC Co., Ltd....................................... 17,100 325,104 #* FDK Corp........................................... 29,000 36,559 * Feed One Holdings Co., Ltd......................... 33,840 31,602 Ferrotec Corp...................................... 17,400 87,541 # FIDEA Holdings Co., Ltd............................ 64,700 115,193 # Fields Corp........................................ 6,900 87,701 Financial Products Group Co., Ltd.................. 4,700 66,330 FINDEX, Inc........................................ 800 47,131 * First Baking Co., Ltd.............................. 4,000 4,448 First Juken Co., Ltd............................... 1,900 20,112 Foster Electric Co., Ltd........................... 12,900 242,332 # FP Corp............................................ 4,900 171,015 France Bed Holdings Co., Ltd....................... 39,000 59,508 Fudo Tetra Corp.................................... 38,700 78,985 Fuji Co. Ltd/Ehime................................. 4,300 78,066 Fuji Corp., Ltd.................................... 15,200 86,404 Fuji Electric Co., Ltd............................. 105,000 449,001 # Fuji Electronics Co., Ltd.......................... 4,900 59,434 Fuji Furukawa Engineering & Construction Co., Ltd............................................... 2,000 5,187 Fuji Kiko Co., Ltd................................. 11,000 50,122 Fuji Kosan Co., Ltd................................ 100 508 # Fuji Kyuko Co., Ltd................................ 12,000 126,033 Fuji Media Holdings, Inc........................... 15,200 191,070 Fuji Oil Co. Ltd/Osaka............................. 28,100 361,031 Fuji Oil Co., Ltd.................................. 21,300 63,507 Fuji Pharma Co., Ltd............................... 2,100 36,558 Fuji Seal International, Inc....................... 6,300 201,301 Fuji Soft, Inc..................................... 10,000 200,115 Fujibo Holdings, Inc............................... 35,000 92,244 Fujicco Co., Ltd................................... 7,000 124,963 FUJIFILM Holdings Corp............................. 22,100 746,929 Fujikura Kasei Co., Ltd............................ 7,100 34,492 # Fujikura Rubber, Ltd............................... 9,600 64,975 Fujikura, Ltd...................................... 182,000 756,140 Fujimi, Inc........................................ 8,800 136,662 Fujimori Kogyo Co., Ltd............................ 4,800 135,617 #* Fujisash Co., Ltd.................................. 20,100 26,398 536 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Fujishoji Co., Ltd................................. 4,500 $ 56,479 Fujita Kanko, Inc.................................. 9,000 35,630 Fujitec Co., Ltd................................... 21,000 215,204 Fujitsu Frontech, Ltd.............................. 7,300 83,567 Fujitsu General, Ltd............................... 15,000 147,132 Fujitsu, Ltd....................................... 118,000 623,569 * Fujiya Co., Ltd.................................... 8,000 13,113 FuKoKu Co., Ltd.................................... 1,100 11,993 Fukuda Corp........................................ 10,000 79,437 Fukui Bank, Ltd. (The)............................. 78,000 174,013 Fukuoka Financial Group, Inc....................... 132,000 658,781 Fukushima Bank, Ltd. (The)......................... 108,000 79,509 Fukushima Industries Corp.......................... 4,800 72,024 # Fukuyama Transporting Co., Ltd..................... 55,000 307,535 Funai Soken Holdings, Inc.......................... 3,700 29,907 # Furukawa Battery Co, Ltd. (The).................... 7,000 57,347 Furukawa Co., Ltd.................................. 102,000 167,410 # Furukawa Electric Co., Ltd......................... 305,000 507,363 # Furuno Electric Co., Ltd........................... 10,300 105,994 Furuya Metal Co., Ltd.............................. 400 9,688 Fuso Pharmaceutical Industries, Ltd................ 26,000 66,751 Futaba Industrial Co., Ltd......................... 28,500 142,333 Future Architect, Inc.............................. 10,200 55,767 Fuyo General Lease Co., Ltd........................ 4,300 138,420 G-Tekt Corp........................................ 8,200 78,126 # Gakken Holdings Co., Ltd........................... 24,000 50,507 GCA Savvian Corp................................... 6,800 68,452 Gecoss Corp........................................ 5,100 67,957 # Genki Sushi Co., Ltd............................... 700 16,922 # Genky Stores, Inc.................................. 600 48,519 # Geo Holdings Corp.................................. 21,300 208,410 # GLOBERIDE, Inc..................................... 43,000 69,658 Glory, Ltd......................................... 14,800 387,856 GMO internet, Inc.................................. 14,800 122,199 # GMO Payment Gateway, Inc........................... 3,800 65,892 Godo Steel, Ltd.................................... 85,000 136,786 Goldcrest Co., Ltd................................. 12,990 202,445 Goldwin, Inc....................................... 7,000 39,316 # Gourmet Kineya Co., Ltd............................ 7,000 55,914 # Gree, Inc.......................................... 26,000 148,109 GS Yuasa Corp...................................... 55,000 248,209 GSI Creos Corp..................................... 26,000 29,016 Gulliver International Co., Ltd.................... 17,800 141,273 Gun-Ei Chemical Industry Co., Ltd.................. 24,000 69,284 #* GungHo Online Entertainment, Inc................... 14,400 49,428 Gunma Bank, Ltd. (The)............................. 109,000 716,678 Gunze, Ltd......................................... 84,000 217,586 # Gurunavi, Inc...................................... 7,400 118,084 H-One Co., Ltd..................................... 5,000 28,028 H2O Retailing Corp................................. 29,300 517,523 Hachijuni Bank, Ltd. (The)......................... 114,000 751,257 Hagihara Industries, Inc........................... 2,900 47,983 Hakudo Co., Ltd.................................... 1,500 14,459 537 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Hakuhodo DY Holdings, Inc.......................... 32,300 $ 321,046 Hakuto Co., Ltd.................................... 8,200 84,786 Hamakyorex Co., Ltd................................ 4,300 152,018 Hamamatsu Photonics K.K............................ 5,400 254,428 Hankyu Hanshin Holdings, Inc....................... 80,000 444,675 Hanwa Co., Ltd..................................... 65,000 242,819 Happinet Corp...................................... 7,700 85,800 Hard Off Corp. Co., Ltd............................ 1,800 17,276 Harima Chemicals Group, Inc........................ 2,100 8,512 Harmonic Drive Systems, Inc........................ 4,100 64,970 Haruyama Trading Co., Ltd.......................... 300 1,835 Haseko Corp........................................ 18,500 150,313 Hazama Ando Corp................................... 52,350 342,867 Heiwa Corp......................................... 16,200 325,857 Heiwa Real Estate Co., Ltd......................... 25,400 361,457 Heiwado Co., Ltd................................... 16,100 341,342 HI-LEX Corp........................................ 6,700 191,952 Hibiya Engineering, Ltd............................ 1,900 25,056 Hiday Hidaka Corp.................................. 2,736 86,058 Higashi Nihon House Co., Ltd....................... 21,700 94,768 Higashi-Nippon Bank, Ltd. (The).................... 70,000 196,961 Higo Bank, Ltd. (The).............................. 84,000 455,498 Hikari Tsushin, Inc................................ 1,600 91,939 # Himaraya Co., Ltd.................................. 1,900 16,137 Hino Motors, Ltd................................... 11,500 162,822 Hioki EE Corp...................................... 3,100 46,632 Hiramatsu, Inc..................................... 6,300 34,363 Hiroshima Bank, Ltd. (The)......................... 150,000 746,127 HIS Co., Ltd....................................... 2,100 72,008 Hisamitsu Pharmaceutical Co., Inc.................. 2,300 78,257 Hitachi Capital Corp............................... 14,300 281,148 Hitachi Chemical Co., Ltd.......................... 21,500 432,540 Hitachi Construction Machinery Co., Ltd............ 10,300 190,422 Hitachi High-Technologies Corp..................... 6,900 214,348 Hitachi Koki Co., Ltd.............................. 27,300 196,620 Hitachi Kokusai Electric, Inc...................... 11,000 149,510 Hitachi Metals, Ltd................................ 16,110 262,517 Hitachi Transport System, Ltd...................... 23,800 311,362 Hitachi Zosen Corp................................. 59,140 324,034 Hitachi, Ltd....................................... 141,000 1,064,845 Hitachi, Ltd. ADR.................................. 4,900 369,362 # Hochiki Corp....................................... 2,000 15,143 Hodogaya Chemical Co., Ltd......................... 23,000 37,345 Hogy Medical Co., Ltd.............................. 3,500 181,948 #* Hokkaido Electric Power Co., Inc................... 7,700 62,198 # Hokkaido Gas Co., Ltd.............................. 1,000 2,447 Hokkan Holdings, Ltd............................... 8,000 20,342 Hokko Chemical Industry Co., Ltd................... 6,000 20,874 Hokkoku Bank, Ltd. (The)........................... 100,000 319,050 Hokuetsu Bank, Ltd. (The).......................... 106,000 192,886 Hokuetsu Kishu Paper Co., Ltd...................... 70,700 332,982 Hokuhoku Financial Group, Inc...................... 328,000 675,896 # Hokuriku Electric Industry Co., Ltd................ 29,000 43,102 538 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Hokuriku Electric Power Co......................... 8,500 $ 120,123 Hokuto Corp........................................ 9,000 165,649 Honda Motor Co., Ltd............................... 48,823 1,473,222 # Honda Motor Co., Ltd. Sponsored ADR................ 14,859 449,039 Honeys Co., Ltd.................................... 8,070 71,960 # Hoosiers Holdings Co., Ltd......................... 15,200 63,681 Horiba, Ltd........................................ 11,000 358,285 Hoshizaki Electric Co., Ltd........................ 2,800 141,955 Hosokawa Micron Corp............................... 17,000 104,876 # House Foods Group, Inc............................. 23,400 468,150 Howa Machinery, Ltd................................ 7,500 47,219 Hyakugo Bank, Ltd. (The)........................... 126,000 533,492 Hyakujushi Bank, Ltd. (The)........................ 122,000 409,537 I-Net Corp/Kanagawa................................ 7,000 53,442 Ibiden Co., Ltd.................................... 47,000 706,567 IBJ Leasing Co., Ltd............................... 5,200 97,949 Ichibanya Co., Ltd................................. 1,500 62,192 Ichiken Co., Ltd................................... 15,000 40,914 # Ichikoh Industries, Ltd............................ 11,000 22,637 ICHINEN HOLDINGS Co., Ltd.......................... 9,900 91,864 Ichiyoshi Securities Co., Ltd...................... 15,000 151,761 Idec Corp.......................................... 6,900 60,870 Idemitsu Kosan Co., Ltd............................ 35,100 585,885 Ihara Chemical Industry Co., Ltd................... 10,000 112,238 IHI Corp........................................... 68,000 354,285 Iida Group Holdings Co., Ltd....................... 49,420 614,667 Iino Kaiun Kaisha, Ltd............................. 42,900 250,381 * IJT Technology Holdings Co., Ltd................... 3,000 13,098 # Ikegami Tsushinki Co., Ltd......................... 29,000 43,151 Ikyu Corp.......................................... 4,700 61,307 Imasen Electric Industrial......................... 6,500 83,878 # Imperial Hotel, Ltd................................ 400 8,756 Inaba Denki Sangyo Co., Ltd........................ 9,800 330,949 Inaba Seisakusho Co., Ltd.......................... 100 1,133 Inabata & Co., Ltd................................. 18,500 168,597 Inageya Co., Ltd................................... 8,000 88,592 Ines Corp.......................................... 16,800 125,462 Infocom Corp....................................... 8,800 67,125 Information Services International-Dentsu, Ltd..... 4,700 45,925 Innotech Corp...................................... 7,000 29,070 Intage Holdings, Inc............................... 1,900 26,896 # Internet Initiative Japan, Inc..................... 7,700 161,519 # Inui Global Logistics Co., Ltd..................... 7,095 59,002 Iriso Electronics Co., Ltd......................... 1,800 104,631 Ise Chemical Corp.................................. 7,000 45,498 # Iseki & Co., Ltd................................... 106,000 202,226 Isetan Mitsukoshi Holdings, Ltd.................... 18,000 255,227 * Ishihara Sangyo Kaisha, Ltd........................ 208,000 180,553 Ishii Iron Works Co., Ltd.......................... 19,000 35,887 # Ishizuka Glass Co., Ltd............................ 3,000 5,840 Isuzu Motors, Ltd.................................. 33,000 439,313 IT Holdings Corp................................... 39,300 652,789 Itfor, Inc......................................... 3,200 12,384 539 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Ito En, Ltd........................................ 3,700 $ 71,077 ITOCHU Corp........................................ 97,700 989,257 Itochu Enex Co., Ltd............................... 30,800 240,096 Itochu Techno-Solutions Corp....................... 3,400 121,336 Itochu-Shokuhin Co., Ltd........................... 2,000 68,211 Itoham Foods, Inc.................................. 69,000 393,942 Itoki Corp......................................... 16,153 79,755 Iwai Cosmo Holdings, Inc........................... 11,100 126,281 Iwaki & Co., Ltd................................... 8,000 15,050 Iwasaki Electric Co., Ltd.......................... 40,000 78,857 # Iwatani Corp....................................... 50,000 322,794 Iyo Bank, Ltd. (The)............................... 64,100 739,659 Izumi Co., Ltd..................................... 2,600 93,248 * Izutsuya Co., Ltd.................................. 62,000 33,579 J Front Retailing Co., Ltd......................... 37,200 474,048 # J-Oil Mills, Inc................................... 58,000 207,427 # Jalux, Inc......................................... 1,500 27,643 Jamco Corp......................................... 3,000 81,433 #* Janome Sewing Machine Co., Ltd..................... 109,000 126,002 Japan Airport Terminal Co., Ltd.................... 9,100 410,044 Japan Aviation Electronics Industry, Ltd........... 16,000 361,615 #* Japan Communications, Inc.......................... 27,500 117,696 Japan Digital Laboratory Co., Ltd.................. 2,500 34,576 # Japan Drilling Co., Ltd............................ 2,300 82,317 Japan Exchange Group, Inc.......................... 11,100 258,302 # Japan Medical Dynamic Marketing, Inc............... 3,200 15,600 Japan Pulp & Paper Co., Ltd........................ 21,000 59,173 * Japan Radio Co., Ltd............................... 29,000 92,389 # Japan Steel Works, Ltd. (The)...................... 101,000 404,019 Japan Transcity Corp............................... 11,000 35,278 Japan Vilene Co., Ltd.............................. 14,000 71,198 Japan Wool Textile Co., Ltd. (The)................. 21,000 140,024 JBCC Holdings, Inc................................. 9,600 61,954 JCU Corp........................................... 1,600 73,837 Jeol, Ltd.......................................... 49,000 237,246 JFE Holdings, Inc.................................. 29,160 642,318 JGC Corp........................................... 10,000 203,379 Jimoto Holdings, Inc............................... 34,600 64,839 # Jin Co., Ltd....................................... 3,700 112,732 JK Holdings Co., Ltd............................... 6,300 29,702 JMS Co., Ltd....................................... 7,000 17,138 Joshin Denki Co., Ltd.............................. 10,000 84,181 Jowa Holdings Co., Ltd............................. 5,100 157,732 Joyo Bank, Ltd. (The).............................. 104,000 522,725 # JP-Holdings, Inc................................... 10,800 33,228 JSP Corp........................................... 7,600 151,880 JSR Corp........................................... 9,700 170,970 JTEKT Corp......................................... 22,400 369,424 # Juki Corp.......................................... 32,000 104,596 Juroku Bank, Ltd. (The)............................ 156,000 514,763 * Justsystems Corp................................... 7,800 48,108 #* JVC Kenwood Corp................................... 80,970 191,934 JX Holdings, Inc................................... 367,270 1,355,311 540 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) K&O Energy Group, Inc.............................. 6,000 $ 77,082 # K's Holdings Corp.................................. 13,080 384,158 # kabu.com Securities Co., Ltd....................... 29,300 158,532 * Kadokawa Dwango Corp............................... 13,177 195,064 Kaga Electronics Co., Ltd.......................... 11,200 142,297 # Kagome Co., Ltd.................................... 8,400 133,026 Kagoshima Bank, Ltd. (The)......................... 72,000 450,527 Kajima Corp........................................ 50,843 201,161 Kakaku.com, Inc.................................... 8,800 124,487 Kaken Pharmaceutical Co., Ltd...................... 14,000 297,901 Kameda Seika Co., Ltd.............................. 1,400 47,210 Kamei Corp......................................... 9,500 62,784 Kamigumi Co., Ltd.................................. 63,000 629,562 # Kanagawa Chuo Kotsu Co., Ltd....................... 7,000 35,115 Kanamoto Co., Ltd.................................. 8,000 208,138 Kandenko Co., Ltd.................................. 54,000 319,233 Kaneka Corp........................................ 98,000 598,152 Kanematsu Corp..................................... 199,000 283,456 Kansai Paint Co., Ltd.............................. 14,000 244,696 Kansai Super Market, Ltd........................... 1,900 12,986 Kansai Urban Banking Corp.......................... 15,400 155,011 * Kanto Denka Kogyo Co., Ltd......................... 21,000 99,576 * Kappa Create Holdings Co., Ltd..................... 1,100 10,744 Kasai Kogyo Co., Ltd............................... 16,000 136,115 # Kasumi Co., Ltd.................................... 16,400 137,556 # Katakura Industries Co., Ltd....................... 10,900 113,039 Kato Sangyo Co., Ltd............................... 10,300 188,846 Kato Works Co., Ltd................................ 19,000 148,558 # KAWADA TECHNOLOGIES, Inc........................... 2,200 78,214 Kawai Musical Instruments Manufacturing Co., Ltd... 3,600 71,094 Kawasaki Heavy Industries, Ltd..................... 91,000 435,992 Kawasaki Kisen Kaisha, Ltd......................... 296,000 847,290 Kawasumi Laboratories, Inc......................... 5,000 32,012 KDDI Corp.......................................... 8,900 628,241 # Keihan Electric Railway Co., Ltd................... 99,000 601,043 Keihanshin Building Co., Ltd....................... 23,500 139,722 Keihin Co., Ltd.................................... 17,000 27,287 Keihin Corp........................................ 23,100 368,200 Keiyo Bank, Ltd. (The)............................. 110,000 600,136 # Keiyo Co., Ltd..................................... 10,800 51,286 # Kenko Mayonnaise Co., Ltd.......................... 1,800 25,628 Kewpie Corp........................................ 11,500 267,009 KEY Coffee, Inc.................................... 7,600 109,565 # Kikkoman Corp...................................... 10,000 294,951 # Kimoto Co., Ltd.................................... 19,800 50,138 Kinden Corp........................................ 13,000 153,988 #* Kintetsu Department Store Co., Ltd................. 11,000 31,376 Kintetsu World Express, Inc........................ 3,800 161,812 Kinugawa Rubber Industrial Co., Ltd................ 34,000 152,362 Kirin Holdings Co., Ltd............................ 30,780 414,428 Kita-Nippon Bank, Ltd. (The)....................... 3,700 97,317 Kitagawa Iron Works Co., Ltd....................... 47,000 93,934 Kitano Construction Corp........................... 17,000 51,046 541 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Kito Corp.......................................... 9,800 $ 93,898 # Kitz Corp.......................................... 43,100 204,659 Kiyo Bank, Ltd. (The).............................. 19,500 243,273 * KNT-CT Holdings Co., Ltd........................... 47,000 64,069 Koa Corp........................................... 17,600 161,156 Koatsu Gas Kogyo Co., Ltd.......................... 8,000 40,782 # Kobayashi Pharmaceutical Co., Ltd.................. 1,700 113,695 Kobe Steel, Ltd.................................... 989,000 1,734,517 # Kobelco Eco-Solutions Co., Ltd..................... 3,000 16,913 Kohnan Shoji Co., Ltd.............................. 16,400 185,397 Kohsoku Corp....................................... 200 1,516 Koito Manufacturing Co., Ltd....................... 12,000 390,184 Kojima Co., Ltd.................................... 9,400 25,130 Kokusai Co., Ltd................................... 900 14,445 Kokuyo Co., Ltd.................................... 42,700 325,443 # KOMAIHALTEC, Inc................................... 27,000 64,019 Komatsu Seiren Co., Ltd............................ 3,000 13,575 Komatsu, Ltd....................................... 14,100 276,493 Komeri Co., Ltd.................................... 17,200 368,909 Konaka Co., Ltd.................................... 8,700 45,437 # Konami Corp........................................ 15,800 294,805 Konami Corp. ADR................................... 200 3,770 Kondotec, Inc...................................... 4,900 34,260 Konica Minolta, Inc................................ 62,700 689,976 Konishi Co., Ltd................................... 8,000 137,115 Konoike Transport Co., Ltd......................... 700 14,381 Kose Corp.......................................... 5,900 264,153 # Kosei Securities Co., Ltd. (The)................... 10,000 18,547 Koshidaka Holdings Co., Ltd........................ 3,000 54,540 # Kotobuki Spirits Co., Ltd.......................... 1,200 27,678 Krosaki Harima Corp................................ 35,000 71,971 KRS Corp........................................... 2,700 32,985 # KU Holdings Co., Ltd............................... 800 4,320 Kubota Corp........................................ 21,000 311,753 #* Kumagai Gumi Co., Ltd.............................. 31,000 98,107 Kumiai Chemical Industry Co., Ltd.................. 18,000 140,079 Kura Corp.......................................... 4,200 126,537 Kurabo Industries, Ltd............................. 91,000 152,607 Kuraray Co., Ltd................................... 13,300 167,007 # Kureha Corp........................................ 77,000 320,778 Kurimoto, Ltd...................................... 50,000 93,800 Kurita Water Industries, Ltd....................... 14,700 313,161 # Kuroda Electric Co., Ltd........................... 15,800 226,370 Kusuri No Aoki Co., Ltd............................ 1,900 126,223 KYB Co., Ltd....................................... 100,000 396,816 Kyocera Corp....................................... 12,000 528,176 Kyocera Corp. Sponsored ADR........................ 2,504 109,475 Kyodo Printing Co., Ltd............................ 39,000 130,713 Kyoei Steel, Ltd................................... 8,900 165,361 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 12,500 141,310 Kyokuto Securities Co., Ltd........................ 9,600 138,271 Kyokuyo Co., Ltd................................... 31,000 72,897 KYORIN Holdings, Inc............................... 14,700 297,217 542 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) # Kyoritsu Maintenance Co., Ltd...................... 3,600 $201,090 Kyoritsu Printing Co., Ltd......................... 23,500 58,163 Kyosan Electric Manufacturing Co., Ltd............. 20,000 63,652 Kyoto Kimono Yuzen Co., Ltd........................ 2,100 17,888 Kyowa Electronics Instruments Co., Ltd............. 8,800 34,031 Kyowa Exeo Corp.................................... 26,500 279,672 Kyowa Hakko Kirin Co., Ltd......................... 13,000 148,038 Kyudenko Corp...................................... 20,000 268,605 LAC Co., Ltd....................................... 3,300 24,562 # Land Business Co., Ltd............................. 1,900 6,547 Lasertec Corp...................................... 6,000 74,215 Lawson, Inc........................................ 2,300 150,377 LEC, Inc........................................... 2,400 26,674 * Leopalace21 Corp................................... 59,900 387,571 Life Corp.......................................... 3,600 51,506 Lintec Corp........................................ 19,500 429,102 Lion Corp.......................................... 33,000 179,270 #* Livesense, Inc..................................... 2,000 12,178 LIXIL Group Corp................................... 14,200 276,674 Look, Inc.......................................... 15,000 28,203 M3, Inc............................................ 6,800 136,787 # Macnica, Inc....................................... 4,700 138,523 Maeda Corp......................................... 50,000 383,088 # Maeda Kosen Co., Ltd............................... 4,300 41,270 Maeda Road Construction Co., Ltd................... 21,000 331,393 Maezawa Kyuso Industries Co., Ltd.................. 1,300 16,105 Makino Milling Machine Co., Ltd.................... 59,000 506,959 Makita Corp........................................ 2,000 88,713 Makita Corp. Sponsored ADR......................... 1,988 93,635 # Mamiya-Op Co., Ltd................................. 27,000 50,562 Mandom Corp........................................ 3,600 121,554 Mani, Inc.......................................... 700 41,066 Mars Engineering Corp.............................. 5,000 88,455 Marubeni Corp...................................... 148,700 820,785 Marubun Corp....................................... 5,700 38,226 Marudai Food Co., Ltd.............................. 53,000 189,821 #* Maruei Department Store Co., Ltd................... 18,000 21,290 Marufuji Sheet Piling Co., Ltd..................... 3,000 9,242 Maruha Nichiro Corp................................ 10,800 160,717 Marui Group Co., Ltd............................... 68,600 713,069 # Maruka Machinery Co., Ltd.......................... 1,900 27,092 Marusan Securities Co., Ltd........................ 38,600 266,855 Maruwa Co., Ltd.................................... 3,500 94,542 Maruyama Manufacturing Co., Inc.................... 28,000 54,665 * Maruzen CHI Holdings Co., Ltd...................... 700 2,114 # Maruzen Showa Unyu Co., Ltd........................ 16,000 53,886 # Marvelous, Inc..................................... 4,500 67,475 Matsuda Sangyo Co., Ltd............................ 6,100 69,233 Matsui Construction Co., Ltd....................... 10,000 58,389 Matsui Securities Co., Ltd......................... 4,400 37,214 Matsumotokiyoshi Holdings Co., Ltd................. 12,000 395,465 Matsuya Foods Co., Ltd............................. 2,100 44,072 Max Co., Ltd....................................... 11,000 119,564 543 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Maxvalu Tokai Co., Ltd............................. 2,400 $ 36,685 # Mazda Motor Corp................................... 8,300 170,486 # McDonald's Holdings Co. Japan, Ltd................. 4,300 94,317 MEC Co., Ltd....................................... 6,600 50,948 Medipal Holdings Corp.............................. 40,800 476,025 Megachips Corp..................................... 9,800 117,739 Megmilk Snow Brand Co., Ltd........................ 23,400 321,697 Meidensha Corp..................................... 51,000 152,125 MEIJI Holdings Co., Ltd............................ 5,750 631,790 Meiko Network Japan Co., Ltd....................... 7,500 77,602 Meisei Industrial Co., Ltd......................... 13,000 77,034 Meitec Corp........................................ 5,200 151,745 Meito Sangyo Co., Ltd.............................. 1,100 10,935 Meiwa Corp......................................... 9,600 37,486 Meiwa Estate Co., Ltd.............................. 2,000 8,303 Melco Holdings, Inc................................ 7,300 115,222 # Message Co., Ltd................................... 3,600 96,113 # Michinoku Bank, Ltd. (The)......................... 57,909 108,565 # Micronics Japan Co., Ltd........................... 4,000 108,157 Mie Bank, Ltd. (The)............................... 33,000 73,134 Mikuni Corp........................................ 5,000 18,710 Milbon Co., Ltd.................................... 2,352 66,529 Mimasu Semiconductor Industry Co., Ltd............. 4,200 47,516 Minato Bank, Ltd. (The)............................ 75,000 144,367 Minebea Co., Ltd................................... 49,000 755,980 # Ministop Co., Ltd.................................. 7,800 105,255 Miraca Holdings, Inc............................... 6,500 291,114 Mirait Holdings Corp............................... 32,810 380,386 Miroku Jyoho Service Co., Ltd...................... 1,500 8,602 Misawa Homes Co., Ltd.............................. 14,100 124,919 MISUMI Group, Inc.................................. 5,300 197,973 Mitani Corp........................................ 3,800 87,415 Mito Securities Co., Ltd........................... 26,000 90,338 Mitsuba Corp....................................... 10,900 193,431 Mitsubishi Chemical Holdings Corp.................. 441,400 2,287,701 Mitsubishi Corp.................................... 68,500 1,194,996 Mitsubishi Electric Corp........................... 33,000 381,669 Mitsubishi Gas Chemical Co., Inc................... 95,789 433,096 Mitsubishi Heavy Industries, Ltd................... 104,000 574,038 Mitsubishi Logistics Corp.......................... 28,000 416,420 Mitsubishi Materials Corp.......................... 323,800 1,021,059 Mitsubishi Motors Corp............................. 24,400 206,283 Mitsubishi Nichiyu Forklift Co., Ltd............... 7,000 43,006 * Mitsubishi Paper Mills, Ltd........................ 154,000 113,361 Mitsubishi Pencil Co., Ltd......................... 4,125 121,848 Mitsubishi Research Institute, Inc................. 1,200 28,802 Mitsubishi Shokuhin Co., Ltd....................... 5,700 126,523 Mitsubishi Steel Manufacturing Co., Ltd............ 83,000 168,026 Mitsubishi Tanabe Pharma Corp...................... 12,800 202,356 Mitsubishi UFJ Financial Group, Inc................ 768,300 4,082,950 Mitsubishi UFJ Financial Group, Inc. ADR........... 16,850 89,305 Mitsuboshi Belting Co., Ltd........................ 22,000 179,809 Mitsui & Co., Ltd.................................. 75,400 959,446 544 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Mitsui & Co., Ltd. Sponsored ADR................... 471 $ 119,634 Mitsui Chemicals, Inc.............................. 270,000 790,012 Mitsui Engineering & Shipbuilding Co., Ltd......... 402,000 653,570 Mitsui Fudosan Co., Ltd............................ 10,000 252,816 Mitsui High-Tec, Inc............................... 13,700 92,216 Mitsui Home Co., Ltd............................... 6,000 25,252 Mitsui Matsushima Co., Ltd......................... 94,000 99,328 Mitsui Mining & Smelting Co., Ltd.................. 355,000 741,302 # Mitsui OSK Lines, Ltd.............................. 181,000 611,048 Mitsui Sugar Co., Ltd.............................. 51,000 172,937 Mitsui-Soko Holdings Co., Ltd...................... 56,000 187,743 Mitsuuroko Group Holdings Co., Ltd................. 11,300 53,548 Miura Co., Ltd..................................... 23,700 267,693 # Miyaji Engineering Group, Inc...................... 23,000 35,453 Miyazaki Bank, Ltd. (The).......................... 67,000 232,124 Miyoshi Oil & Fat Co., Ltd......................... 20,000 23,548 Mizuho Financial Group, Inc........................ 1,429,060 2,336,681 Mizuno Corp........................................ 52,000 255,728 Mochida Pharmaceutical Co., Ltd.................... 2,700 148,263 # Monex Group, Inc................................... 86,000 176,559 Money Partners Group Co., Ltd...................... 4,900 16,252 Monogatari Corp. (The)............................. 2,400 83,217 # MonotaRO Co., Ltd.................................. 6,500 164,887 Morinaga & Co., Ltd................................ 66,000 205,344 Morinaga Milk Industry Co., Ltd.................... 102,000 440,961 Morita Holdings Corp............................... 13,000 143,478 Mory Industries, Inc............................... 7,000 24,774 Moshi Moshi Hotline, Inc........................... 10,900 120,273 Mr Max Corp........................................ 8,900 21,867 MS&AD Insurance Group Holdings..................... 24,682 600,123 # MTI, Ltd........................................... 5,400 68,043 Murakami Corp...................................... 2,000 29,095 # Musashi Seimitsu Industry Co., Ltd................. 13,600 256,073 Musashino Bank, Ltd. (The)......................... 9,700 317,944 # Mutoh Holdings Co., Ltd............................ 15,000 58,756 # Nabtesco Corp...................................... 4,700 121,338 NAC Co., Ltd....................................... 2,800 25,317 Nachi-Fujikoshi Corp............................... 43,000 231,218 Nagaileben Co., Ltd................................ 1,800 29,762 Nagano Bank, Ltd. (The)............................ 42,000 74,349 Nagase & Co., Ltd.................................. 38,300 476,133 Nagatanien Co., Ltd................................ 3,000 28,949 Nagoya Railroad Co., Ltd........................... 39,000 153,212 Nakabayashi Co., Ltd............................... 9,000 16,540 Nakamuraya Co., Ltd................................ 10,083 40,849 Nakanishi, Inc..................................... 2,000 73,220 * Nakayama Steel Works, Ltd.......................... 50,000 34,248 Nakayamafuku Co., Ltd.............................. 600 4,534 Nankai Electric Railway Co., Ltd................... 23,000 92,079 Nanto Bank, Ltd. (The)............................. 75,000 251,433 Narasaki Sangyo Co., Ltd........................... 5,000 13,244 Natori Co., Ltd.................................... 700 8,348 NDS Co., Ltd....................................... 10,000 25,482 545 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) NEC Capital Solutions, Ltd......................... 1,400 $ 21,067 NEC Corp........................................... 340,000 960,382 NEC Networks & System Integration Corp............. 9,200 197,714 NET One Systems Co., Ltd........................... 42,800 255,797 Neturen Co., Ltd................................... 12,700 94,664 #* New Japan Chemical Co., Ltd........................ 6,900 12,528 Nexon Co., Ltd..................................... 8,500 83,669 # Next Co., Ltd...................................... 5,400 45,059 NGK Insulators, Ltd................................ 7,000 141,059 NGK Spark Plug Co., Ltd............................ 8,000 237,159 NH Foods, Ltd...................................... 21,000 519,164 NHK Spring Co., Ltd................................ 39,000 351,773 Nice Holdings, Inc................................. 15,000 24,094 Nichi-iko Pharmaceutical Co., Ltd.................. 14,550 262,012 Nichia Steel Works, Ltd............................ 2,000 5,822 # Nichias Corp....................................... 35,000 192,164 Nichiban Co., Ltd.................................. 9,000 34,956 Nichicon Corp...................................... 15,900 121,021 Nichiden Corp...................................... 200 4,159 Nichiha Corp....................................... 13,400 143,432 Nichii Gakkan Co................................... 18,500 192,982 Nichimo Co., Ltd................................... 13,000 22,111 Nichirei Corp...................................... 103,000 545,993 Nichireki Co., Ltd................................. 13,000 102,196 Nidec Corp......................................... 1 41 Nifco, Inc......................................... 10,700 368,583 NIFTY Corp......................................... 3,400 37,991 # Nihon Chouzai Co., Ltd............................. 720 22,757 Nihon Dempa Kogyo Co., Ltd......................... 10,300 82,109 Nihon Eslead Corp.................................. 6,000 62,449 Nihon Kohden Corp.................................. 3,900 192,913 Nihon M&A Center, Inc.............................. 6,400 222,120 Nihon Nohyaku Co., Ltd............................. 12,000 141,132 Nihon Parkerizing Co., Ltd......................... 10,000 238,408 # Nihon Trim Co., Ltd................................ 1,900 42,622 Nihon Unisys, Ltd.................................. 22,000 192,365 Nihon Yamamura Glass Co., Ltd...................... 49,000 70,990 Nikkiso Co., Ltd................................... 25,500 224,408 Nikko Co., Ltd..................................... 12,000 40,716 # Nikon Corp......................................... 15,300 194,131 Nippo Corp......................................... 22,000 342,088 Nippon Air Conditioning Services Co., Ltd.......... 2,700 19,942 Nippon Beet Sugar Manufacturing Co., Ltd........... 46,000 80,017 # Nippon Carbide Industries Co., Inc................. 34,000 63,373 # Nippon Carbon Co., Ltd............................. 53,000 108,180 * Nippon Chemi-Con Corp.............................. 81,000 228,546 #* Nippon Chemical Industrial Co., Ltd................ 45,000 118,792 Nippon Chemiphar Co., Ltd.......................... 11,000 52,271 Nippon Chutetsukan K.K............................. 12,000 23,951 Nippon Coke & Engineering Co., Ltd................. 94,300 87,736 # Nippon Concrete Industries Co., Ltd................ 19,000 90,499 * Nippon Denko Co., Ltd.............................. 56,265 141,815 Nippon Densetsu Kogyo Co., Ltd..................... 18,900 271,191 546 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nippon Electric Glass Co., Ltd..................... 122,000 $ 629,646 Nippon Express Co., Ltd............................ 108,000 630,051 Nippon Filcon Co., Ltd............................. 1,800 7,246 Nippon Fine Chemical Co., Ltd...................... 4,800 34,379 Nippon Flour Mills Co., Ltd........................ 66,000 313,025 Nippon Gas Co., Ltd................................ 6,400 157,345 Nippon Hume Corp................................... 10,000 73,731 Nippon Jogesuido Sekkei Co., Ltd................... 1,400 22,817 Nippon Kanzai Co., Ltd............................. 500 10,875 Nippon Kasei Chemical Co., Ltd..................... 8,000 9,593 Nippon Kayaku Co., Ltd............................. 29,000 404,549 #* Nippon Kinzoku Co., Ltd............................ 16,000 19,421 # Nippon Kodoshi Corp................................ 1,500 20,871 Nippon Koei Co., Ltd............................... 32,000 128,623 Nippon Konpo Unyu Soko Co., Ltd.................... 26,900 419,167 #* Nippon Koshuha Steel Co., Ltd...................... 66,000 60,681 Nippon Light Metal Holdings Co., Ltd............... 280,900 419,953 Nippon Paint Holdings Co., Ltd..................... 11,000 344,578 Nippon Paper Industries Co., Ltd................... 39,824 627,988 # Nippon Parking Development Co., Ltd................ 38,200 40,895 Nippon Pillar Packing Co., Ltd..................... 8,000 59,586 Nippon Piston Ring Co., Ltd........................ 51,000 102,608 Nippon Road Co., Ltd. (The)........................ 35,000 167,109 Nippon Seisen Co., Ltd............................. 12,000 68,157 # Nippon Sharyo, Ltd................................. 27,000 81,173 #* Nippon Sheet Glass Co., Ltd........................ 517,000 474,660 Nippon Shinyaku Co., Ltd........................... 7,000 231,240 Nippon Shokubai Co., Ltd........................... 32,000 429,840 Nippon Signal Co., Ltd. (The)...................... 23,000 250,144 Nippon Soda Co., Ltd............................... 71,000 403,797 Nippon Steel & Sumikin Bussan Corp................. 46,000 168,058 Nippon Steel & Sumikin Texeng Co., Ltd............. 21,000 91,015 Nippon Steel & Sumitomo Metal Corp................. 488,562 1,141,913 * Nippon Suisan Kaisha, Ltd.......................... 118,900 410,849 Nippon Synthetic Chemical Industry Co., Ltd. (The)............................................ 22,000 135,287 Nippon Thompson Co., Ltd........................... 35,000 169,589 Nippon Valqua Industries, Ltd...................... 30,000 79,151 #* Nippon Yakin Kogyo Co., Ltd........................ 33,500 66,863 Nippon Yusen K.K................................... 283,217 842,035 # Nipro Corp......................................... 54,700 479,087 Nishi-Nippon City Bank, Ltd. (The)................. 212,000 688,440 Nishi-Nippon Railroad Co., Ltd..................... 29,000 125,547 Nishikawa Rubber Co., Ltd.......................... 1,400 23,247 Nishimatsu Construction Co., Ltd................... 64,000 257,099 # Nishimatsuya Chain Co., Ltd........................ 21,000 167,276 Nishio Rent All Co., Ltd........................... 3,900 119,466 Nissan Chemical Industries, Ltd.................... 10,400 191,477 Nissan Motor Co., Ltd.............................. 107,200 914,118 Nissan Shatai Co., Ltd............................. 16,000 175,834 Nissan Tokyo Sales Holdings Co., Ltd............... 5,000 11,192 Nissei ASB Machine Co., Ltd........................ 2,500 58,802 # Nissei Build Kogyo Co., Ltd........................ 22,000 52,239 Nissei Plastic Industrial Co., Ltd................. 2,700 31,786 547 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) * Nissen Holdings Co., Ltd........................... 3,500 $ 9,067 # Nissha Printing Co., Ltd........................... 12,100 193,959 Nisshin Oillio Group, Ltd. (The)................... 36,000 130,936 Nisshin Seifun Group, Inc.......................... 58,465 719,046 Nisshin Steel Co., Ltd............................. 40,540 419,643 Nisshinbo Holdings, Inc............................ 53,000 595,571 Nissin Corp........................................ 22,000 54,793 # Nissin Electric Co., Ltd........................... 21,000 124,686 Nissin Foods Holdings Co., Ltd..................... 2,200 118,733 Nissin Kogyo Co., Ltd.............................. 17,700 270,962 Nissin Sugar Co., Ltd.............................. 700 14,697 Nissui Pharmaceutical Co., Ltd..................... 3,400 36,547 Nitori Holdings Co., Ltd........................... 1,700 96,117 Nitta Corp......................................... 7,800 187,372 Nitta Gelatin, Inc................................. 1,900 11,417 Nittan Valve Co., Ltd.............................. 4,200 11,713 Nittetsu Mining Co., Ltd........................... 28,000 98,972 Nitto Boseki Co., Ltd.............................. 54,000 188,857 Nitto Denko Corp................................... 7,800 465,648 Nitto Kogyo Corp................................... 10,700 206,319 Nitto Kohki Co., Ltd............................... 4,200 78,201 Nitto Seiko Co., Ltd............................... 10,000 31,986 Nittoc Construction Co., Ltd....................... 12,200 58,439 Nittoku Engineering Co., Ltd....................... 4,300 46,913 NOF Corp........................................... 45,000 288,189 Nohmi Bosai, Ltd................................... 8,000 100,064 NOK Corp........................................... 26,600 765,159 Nomura Co., Ltd.................................... 9,000 84,890 Nomura Holdings, Inc............................... 167,600 891,070 Nomura Holdings, Inc. ADR.......................... 7,820 41,368 Nomura Real Estate Holdings, Inc................... 28,900 486,294 Nomura Research Institute, Ltd..................... 6,400 217,305 Noritake Co., Ltd.................................. 53,000 132,992 Noritz Corp........................................ 15,500 244,030 North Pacific Bank, Ltd............................ 169,600 631,802 NS Solutions Corp.................................. 4,900 118,961 # NS United Kaiun Kaisha, Ltd........................ 57,000 185,696 # NSD Co., Ltd....................................... 12,400 191,472 NSK, Ltd........................................... 18,000 210,935 NTN Corp........................................... 209,000 894,461 NTT Data Corp...................................... 8,200 311,910 NTT DOCOMO, Inc.................................... 58,872 993,836 NTT DOCOMO, Inc. Sponsored ADR..................... 3,100 52,328 # NTT Urban Development Corp......................... 8,000 76,754 # Nuflare Technology, Inc............................ 1,500 54,650 Obara Group, Inc................................... 3,300 164,700 Obayashi Corp...................................... 33,000 208,897 Obayashi Road Corp................................. 17,000 99,362 OBIC Business Consultants, Ltd..................... 400 12,033 Obic Co., Ltd...................................... 4,000 134,179 # Odelic Co., Ltd.................................... 1,100 26,937 Oenon Holdings, Inc................................ 18,000 33,174 Ogaki Kyoritsu Bank, Ltd. (The).................... 123,000 377,611 548 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Ohara, Inc......................................... 1,500 $ 7,185 Ohashi Technica, Inc............................... 2,200 29,148 # Ohsho Food Service Corp............................ 2,300 92,389 OIE Sangyo Co., Ltd................................ 1,187 8,511 Oiles Corp......................................... 7,216 133,166 Oita Bank, Ltd. (The).............................. 78,000 273,419 Oji Holdings Corp.................................. 235,000 885,824 Okabe Co., Ltd..................................... 15,800 136,246 Okamoto Industries, Inc............................ 26,000 95,315 Okamura Corp....................................... 33,900 248,328 Oki Electric Industry Co., Ltd..................... 182,000 371,750 Okinawa Cellular Telephone Co...................... 2,700 77,919 Okinawa Electric Power Co., Inc. (The)............. 3,700 128,175 # OKK Corp........................................... 41,000 57,040 # OKUMA Corp......................................... 41,000 348,870 Okumura Corp....................................... 60,000 273,790 Okura Industrial Co., Ltd.......................... 27,000 79,735 Okuwa Co., Ltd..................................... 5,000 40,768 Olympic Group Corp................................. 2,300 16,411 Omron Corp......................................... 6,700 267,857 ONO Sokki Co., Ltd................................. 4,000 30,807 # Onoken Co., Ltd.................................... 7,400 60,548 Onward Holdings Co., Ltd........................... 59,000 380,483 # OPT, Inc........................................... 5,500 29,915 Optex Co., Ltd..................................... 4,600 74,771 Oracle Corp. Japan................................. 1,000 41,575 Organo Corp........................................ 22,000 88,754 Origin Electric Co., Ltd........................... 21,000 88,892 Osaka Organic Chemical Industry, Ltd............... 2,300 9,681 Osaka Steel Co., Ltd............................... 7,400 139,878 # OSAKA Titanium Technologies Co., Ltd............... 3,500 73,335 # Osaki Electric Co., Ltd............................ 14,000 95,162 OSG Corp........................................... 13,100 241,194 Otsuka Corp........................................ 3,100 107,036 Otsuka Holdings Co., Ltd........................... 10,000 309,391 OUG Holdings, Inc.................................. 15,000 29,378 Outsourcing, Inc................................... 4,200 64,918 Pacific Industrial Co., Ltd........................ 18,500 150,144 #* Pacific Metals Co., Ltd............................ 84,000 226,289 Pack Corp. (The)................................... 4,300 84,526 Pal Co., Ltd....................................... 5,000 129,875 Paltac Corp........................................ 13,750 173,074 PanaHome Corp...................................... 41,000 246,334 Panasonic Corp..................................... 19,899 226,050 # Panasonic Corp. Sponsored ADR...................... 27,580 313,033 Panasonic Industrial Devices SUNX Co., Ltd......... 9,300 65,572 Paramount Bed Holdings Co., Ltd.................... 6,400 177,018 Parco Co., Ltd..................................... 11,206 95,436 Paris Miki Holdings, Inc........................... 7,500 30,427 Park24 Co., Ltd.................................... 6,800 116,352 # Pasco Corp......................................... 6,000 17,129 # Pasona Group, Inc.................................. 9,400 53,295 # Penta-Ocean Construction Co., Ltd.................. 104,500 398,295 549 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Pigeon Corp........................................ 2,800 $ 174,827 Pilot Corp......................................... 2,900 171,882 Piolax, Inc........................................ 4,900 235,386 * Pioneer Corp....................................... 154,600 290,731 Plenus Co., Ltd.................................... 7,800 134,135 # Pola Orbis Holdings, Inc........................... 2,700 114,978 # Press Kogyo Co., Ltd............................... 57,000 192,025 Pressance Corp..................................... 4,600 146,984 # Prestige International, Inc........................ 4,800 41,083 Prima Meat Packers, Ltd............................ 77,000 200,212 Pronexus, Inc...................................... 6,000 38,072 Proto Corp......................................... 3,200 50,129 # PS Mitsubishi Construction Co., Ltd................ 12,500 51,671 # Qol Co., Ltd....................................... 6,300 44,933 Raito Kogyo Co., Ltd............................... 22,900 226,881 * Rasa Industries, Ltd............................... 22,000 24,468 * Raysum Co., Ltd.................................... 1,400 12,799 Relo Holdings, Inc................................. 2,500 186,305 Renaissance, Inc................................... 1,200 11,815 Rengo Co., Ltd..................................... 114,000 478,978 #* Renown, Inc........................................ 44,300 42,059 Resona Holdings, Inc............................... 102,900 510,508 # Resorttrust, Inc................................... 17,500 419,124 Rheon Automatic Machinery Co., Ltd................. 3,000 12,464 Rhythm Watch Co., Ltd.............................. 9,000 12,431 Riberesute Corp.................................... 1,700 10,033 Ricoh Co., Ltd..................................... 206,200 2,011,558 Ricoh Leasing Co., Ltd............................. 9,200 240,773 # Right On Co., Ltd.................................. 10,300 64,947 Riken Corp......................................... 43,000 168,397 Riken Technos Corp................................. 16,000 58,893 # Riken Vitamin Co., Ltd............................. 2,400 91,005 Ringer Hut Co., Ltd................................ 3,300 64,824 Rinnai Corp........................................ 700 46,856 # Rion Co., Ltd...................................... 3,200 37,077 Riso Kagaku Corp................................... 12,600 219,061 #* Riso Kyoiku Co., Ltd............................... 5,400 11,509 # Rock Field Co., Ltd................................ 3,000 53,485 Rohm Co., Ltd...................................... 300 19,288 Rohto Pharmaceutical Co., Ltd...................... 17,000 228,334 # Rokko Butter Co., Ltd.............................. 2,800 25,259 Roland DG Corp..................................... 1,700 50,556 # Round One Corp..................................... 39,300 245,413 Royal Holdings Co., Ltd............................ 6,300 90,091 Ryobi, Ltd......................................... 74,000 199,047 Ryoden Trading Co., Ltd............................ 14,000 96,282 Ryohin Keikaku Co., Ltd............................ 1,800 199,400 Ryosan Co., Ltd.................................... 16,500 350,246 S Foods, Inc....................................... 4,000 71,760 S&B Foods, Inc..................................... 200 7,563 Sac's Bar Holdings, Inc............................ 2,250 32,425 Saibu Gas Co., Ltd................................. 32,000 70,875 Saizeriya Co., Ltd................................. 10,300 166,728 550 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Sakai Chemical Industry Co., Ltd................... 43,000 $153,020 Sakai Heavy Industries, Ltd........................ 18,000 47,069 # Sakai Moving Service Co., Ltd...................... 1,700 56,203 # Sakai Ovex Co., Ltd................................ 45,000 68,037 Sakata INX Corp.................................... 16,000 169,270 Sakata Seed Corp................................... 15,000 260,516 Sala Corp.......................................... 6,500 32,881 SAMTY Co., Ltd..................................... 6,400 56,795 San-A Co., Ltd..................................... 5,400 180,282 San-Ai Oil Co., Ltd................................ 25,000 165,896 San-In Godo Bank, Ltd. (The)....................... 79,000 644,603 # Sanden Corp........................................ 39,000 182,142 Sanei Architecture Planning Co., Ltd............... 5,400 41,255 Sangetsu Co., Ltd.................................. 15,600 417,797 #* Sanix, Inc......................................... 7,200 23,130 Sanken Electric Co., Ltd........................... 42,000 343,526 Sanki Engineering Co., Ltd......................... 13,000 78,848 # Sanko Marketing Foods Co., Ltd..................... 3,300 25,401 Sanko Metal Industrial Co., Ltd.................... 4,000 8,737 Sankyo Co., Ltd.................................... 6,500 233,610 Sankyo Seiko Co., Ltd.............................. 7,100 28,727 Sankyo Tateyama, Inc............................... 13,300 204,534 Sankyu, Inc........................................ 106,000 424,050 Sanoh Industrial Co., Ltd.......................... 8,500 53,492 # Sanrio Co., Ltd.................................... 3,600 89,202 Sanshin Electronics Co., Ltd....................... 14,000 95,467 Santen Pharmaceutical Co., Ltd..................... 1,700 106,088 Sanwa Holdings Corp................................ 53,000 366,503 Sanyo Chemical Industries, Ltd..................... 29,000 210,251 Sanyo Denki Co., Ltd............................... 16,000 114,934 Sanyo Electric Railway Co., Ltd.................... 10,000 39,270 Sanyo Shokai, Ltd.................................. 51,372 121,040 Sanyo Special Steel Co., Ltd....................... 58,000 194,652 Sapporo Holdings, Ltd.............................. 151,000 636,051 Sata Construction Co., Ltd......................... 17,000 19,946 Sato Holdings Corp................................. 7,900 182,818 Sato Shoji Corp.................................... 4,500 28,410 Satori Electric Co., Ltd........................... 13,000 83,608 # Sawada Holdings Co., Ltd........................... 11,700 84,706 Sawai Pharmaceutical Co., Ltd...................... 2,700 163,390 # Saxa Holdings, Inc................................. 15,000 29,340 SBI Holdings, Inc.................................. 66,850 714,331 SBS Holdings, Inc.................................. 8,400 66,897 SCREEN Holdings Co., Ltd........................... 29,000 172,212 Scroll Corp........................................ 5,100 12,374 SCSK Corp.......................................... 1,655 41,211 Secom Co., Ltd..................................... 3,400 197,357 Secom Joshinetsu Co., Ltd.......................... 200 5,171 Sega Sammy Holdings, Inc........................... 9,700 126,315 Seibu Electric Industry Co., Ltd................... 2,000 8,154 Seika Corp......................................... 23,000 56,858 # Seikitokyu Kogyo Co., Ltd.......................... 19,600 92,493 Seiko Epson Corp................................... 18,150 737,124 551 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Seiko Holdings Corp................................ 73,000 $ 398,166 Seiko PMC Corp..................................... 200 1,545 Seino Holdings Co., Ltd............................ 46,000 500,541 Seiren Co., Ltd.................................... 19,200 156,499 Sekisui Chemical Co., Ltd.......................... 28,000 306,229 Sekisui House, Ltd................................. 83,540 1,080,299 Sekisui Jushi Corp................................. 15,800 210,039 Sekisui Plastics Co., Ltd.......................... 21,000 81,439 # Senko Co., Ltd..................................... 51,000 294,803 Senshu Electric Co., Ltd........................... 2,100 28,043 Senshu Ikeda Holdings, Inc......................... 69,340 307,901 # Senshukai Co., Ltd................................. 11,800 83,208 Seria Co., Ltd..................................... 3,800 109,677 Seven & I Holdings Co., Ltd........................ 13,200 483,042 # Seven Bank, Ltd.................................... 25,000 111,894 #* Sharp Corp......................................... 179,000 350,395 Shibaura Mechatronics Corp......................... 20,000 49,385 Shibusawa Warehouse Co., Ltd. (The)................ 19,000 55,563 # Shibuya Kogyo Co., Ltd............................. 4,400 91,208 Shidax Corp........................................ 4,200 19,226 Shiga Bank, Ltd. (The)............................. 102,000 568,961 Shikibo, Ltd....................................... 50,000 50,100 Shikoku Bank, Ltd. (The)........................... 66,000 137,944 Shikoku Chemicals Corp............................. 18,000 139,811 * Shikoku Electric Power Co., Inc.................... 6,800 85,510 Shima Seiki Manufacturing, Ltd..................... 15,100 265,028 Shimachu Co., Ltd.................................. 24,500 614,103 Shimadzu Corp...................................... 27,000 280,526 Shimamura Co., Ltd................................. 3,700 329,119 Shimane Bank, Ltd. (The)........................... 1,300 15,547 Shimizu Bank, Ltd. (The)........................... 2,200 54,113 Shimizu Corp....................................... 29,000 200,090 Shimojima Co., Ltd................................. 1,600 14,465 Shin Nippon Air Technologies Co., Ltd.............. 4,700 38,276 Shin-Etsu Chemical Co., Ltd........................ 8,900 589,306 Shin-Etsu Polymer Co., Ltd......................... 6,600 29,492 Shin-Keisei Electric Railway Co., Ltd.............. 5,000 16,993 Shinagawa Refractories Co., Ltd.................... 20,000 45,006 Shindengen Electric Manufacturing Co., Ltd......... 48,000 257,444 Shinko Electric Industries Co., Ltd................ 38,800 271,774 Shinko Plantech Co., Ltd........................... 17,200 128,511 Shinko Shoji Co., Ltd.............................. 13,500 139,746 Shinmaywa Industries, Ltd.......................... 43,000 418,865 Shinnihon Corp..................................... 9,500 35,877 Shinsei Bank, Ltd.................................. 255,000 462,193 Shinsho Corp....................................... 20,000 44,933 Shionogi & Co., Ltd................................ 17,100 513,124 Ship Healthcare Holdings, Inc...................... 9,500 235,764 Shiroki Corp....................................... 19,000 49,879 # Shiseido Co., Ltd.................................. 18,900 303,132 Shizuoka Bank, Ltd. (The).......................... 86,000 785,843 Shizuoka Gas Co., Ltd.............................. 24,000 153,255 Shobunsha Publications, Inc........................ 1,800 13,218 552 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Shoei Foods Corp................................... 2,300 $ 18,017 Shofu, Inc......................................... 3,400 43,203 Shoko Co., Ltd..................................... 19,000 26,482 Showa Aircraft Industry Co., Ltd................... 2,822 27,376 Showa Corp......................................... 26,000 264,130 Showa Denko K.K.................................... 602,000 769,402 Showa Sangyo Co., Ltd.............................. 30,000 123,573 Showa Shell Sekiyu K.K............................. 48,600 474,314 Siix Corp.......................................... 6,800 145,981 Sinanen Co., Ltd................................... 23,000 90,048 Sinfonia Technology Co., Ltd....................... 38,000 60,218 Sinko Industries, Ltd.............................. 8,300 96,226 Sintokogio, Ltd.................................... 18,400 129,896 SKY Perfect JSAT Holdings, Inc..................... 56,600 342,763 SMC Corp........................................... 100 26,817 SMK Corp........................................... 33,000 137,086 # SMS Co., Ltd....................................... 4,600 41,462 # Sodick Co., Ltd.................................... 16,300 140,588 Soft99 Corp........................................ 4,000 22,353 Softbank Technology Corp........................... 2,300 24,626 Sogo Medical Co., Ltd.............................. 2,300 110,807 Sohgo Security Services Co., Ltd................... 15,100 386,475 # Sojitz Corp........................................ 348,800 450,860 Sompo Japan Nipponkoa Holdings, Inc................ 21,550 597,948 # Sony Corp.......................................... 70,500 1,658,236 Sony Corp. Sponsored ADR........................... 17,008 396,116 Sony Financial Holdings, Inc....................... 5,300 73,659 Sotetsu Holdings, Inc.............................. 22,000 100,607 Sotoh Co., Ltd..................................... 1,500 13,013 # Sparx Group Co., Ltd............................... 12,600 21,726 SPK Corp........................................... 1,082 18,873 Square Enix Holdings Co., Ltd...................... 3,500 76,840 # Srg Takamiya Co., Ltd.............................. 7,000 68,755 ST Corp............................................ 2,200 19,000 St Marc Holdings Co., Ltd.......................... 3,400 218,630 Stanley Electric Co., Ltd.......................... 9,100 202,539 Star Micronics Co., Ltd............................ 9,000 112,439 Start Today Co., Ltd............................... 3,100 62,661 # Starts Corp., Inc.................................. 7,500 103,969 Starzen Co., Ltd................................... 18,000 62,277 Stella Chemifa Corp................................ 5,100 56,124 Studio Alice Co., Ltd.............................. 4,700 73,610 Sugi Holdings Co., Ltd............................. 1,600 75,124 #* Sumco Corp......................................... 13,300 223,211 # Sumida Corp........................................ 12,100 80,526 Suminoe Textile Co., Ltd........................... 27,000 67,855 Sumitomo Bakelite Co., Ltd......................... 106,000 438,727 Sumitomo Chemical Co., Ltd......................... 351,000 1,380,940 Sumitomo Corp...................................... 51,500 508,220 Sumitomo Dainippon Pharma Co., Ltd................. 7,600 79,892 Sumitomo Densetsu Co., Ltd......................... 7,100 84,109 Sumitomo Electric Industries, Ltd.................. 125,400 1,615,864 Sumitomo Forestry Co., Ltd......................... 45,300 421,334 553 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sumitomo Heavy Industries, Ltd..................... 156,000 $ 844,179 Sumitomo Metal Mining Co., Ltd..................... 53,000 757,480 * Sumitomo Mitsui Construction Co., Ltd.............. 161,800 226,563 Sumitomo Mitsui Financial Group, Inc............... 78,341 2,628,876 Sumitomo Mitsui Trust Holdings, Inc................ 160,000 562,644 Sumitomo Osaka Cement Co., Ltd..................... 204,000 593,201 Sumitomo Precision Products Co., Ltd............... 13,000 55,561 Sumitomo Real Estate Sales Co., Ltd................ 2,080 49,198 Sumitomo Riko Co, Ltd.............................. 19,000 154,893 Sumitomo Rubber Industries, Ltd.................... 15,200 236,367 Sumitomo Seika Chemicals Co., Ltd.................. 22,000 155,885 Sumitomo Warehouse Co., Ltd. (The)................. 70,000 391,806 # Sun Frontier Fudousan Co., Ltd..................... 4,000 31,087 Sun-Wa Technos Corp................................ 6,200 63,481 Sundrug Co., Ltd................................... 1,600 67,915 Suruga Bank, Ltd................................... 13,000 244,085 Suzuken Co., Ltd................................... 21,300 600,073 Suzuki Motor Corp.................................. 12,400 392,090 #* SWCC Showa Holdings Co., Ltd....................... 134,000 112,039 Sysmex Corp........................................ 4,600 205,561 Systena Corp....................................... 5,500 39,776 T Hasegawa Co., Ltd................................ 7,300 105,445 T RAD Co., Ltd..................................... 36,000 73,383 T&D Holdings, Inc.................................. 88,700 998,903 # T&K Toka Co., Ltd.................................. 4,200 79,610 T-Gaia Corp........................................ 4,100 44,539 # Tabuchi Electric Co., Ltd.......................... 8,000 71,099 # Tachi-S Co., Ltd................................... 14,600 212,697 Tachibana Eletech Co., Ltd......................... 5,600 77,357 Tadano, Ltd........................................ 22,000 264,788 Taiheiyo Cement Corp............................... 71,000 208,339 Taiheiyo Kouhatsu, Inc............................. 17,000 13,968 Taiho Kogyo Co., Ltd............................... 7,600 84,508 # Taikisha, Ltd...................................... 8,400 199,826 Taiko Bank, Ltd. (The)............................. 5,000 9,399 Taiko Pharmaceutical Co., Ltd...................... 6,100 93,874 Taisei Corp........................................ 34,000 197,217 Taiyo Holdings Co., Ltd............................ 3,500 127,228 Taiyo Yuden Co., Ltd............................... 45,400 563,365 Takagi Securities Co., Ltd......................... 39,000 79,175 Takamatsu Construction Group Co., Ltd.............. 1,600 33,031 # Takaoka Toko Co., Ltd.............................. 3,664 54,265 # Takara Holdings, Inc............................... 26,600 169,671 Takara Leben Co., Ltd.............................. 38,200 199,269 Takara Standard Co., Ltd........................... 44,000 334,834 Takasago International Corp........................ 32,000 159,147 Takasago Thermal Engineering Co., Ltd.............. 24,800 311,122 Takashima & Co., Ltd............................... 26,000 53,816 Takashimaya Co., Ltd............................... 91,000 798,169 # Takata Corp........................................ 12,400 144,624 Take And Give Needs Co., Ltd....................... 4,270 34,815 Takeda Pharmaceutical Co., Ltd..................... 11,800 589,520 Takeei Corp........................................ 8,500 65,638 554 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Takeuchi Manufacturing Co., Ltd.................... 4,800 $ 176,051 Takihyo Co., Ltd................................... 8,000 28,101 Takiron Co., Ltd................................... 19,000 84,309 # Takisawa Machine Tool Co., Ltd..................... 23,000 41,255 Takuma Co., Ltd.................................... 32,000 225,571 # Tama Home Co., Ltd................................. 7,300 33,003 # Tamron Co., Ltd.................................... 8,000 156,258 Tamura Corp........................................ 20,000 67,290 # Tanseisha Co., Ltd................................. 9,100 62,274 # Tatsuta Electric Wire and Cable Co., Ltd........... 23,800 99,220 Tayca Corp......................................... 12,000 42,818 TBK Co., Ltd....................................... 9,000 46,734 TDK Corp........................................... 21,900 1,364,843 #* Teac Corp.......................................... 23,000 11,275 Teijin, Ltd........................................ 362,000 1,078,342 Teikoku Electric Manufacturing Co., Ltd............ 5,200 54,073 Teikoku Tsushin Kogyo Co., Ltd..................... 9,000 17,140 Terumo Corp........................................ 9,300 230,630 THK Co., Ltd....................................... 11,900 288,997 Toa Corp.(6894434)................................. 5,700 57,204 Toa Corp.(6894508)................................. 95,000 161,616 # Toa Oil Co., Ltd................................... 44,000 54,269 TOA ROAD Corp...................................... 27,000 98,967 # Toabo Corp......................................... 38,000 24,511 Toagosei Co., Ltd.................................. 105,000 419,713 #* Tobishima Corp..................................... 19,900 43,407 # Tobu Store Co., Ltd................................ 1,000 2,388 TOC Co., Ltd....................................... 19,300 117,323 Tocalo Co., Ltd.................................... 8,100 136,361 Tochigi Bank, Ltd. (The)........................... 41,000 189,331 Toda Corp.......................................... 82,000 293,260 #* Toda Kogyo Corp.................................... 21,000 89,140 Toei Animation Co., Ltd............................ 900 30,851 Toei Co., Ltd...................................... 34,000 196,918 Toenec Corp........................................ 15,000 74,707 Toho Bank, Ltd. (The).............................. 85,000 298,460 Toho Co., Ltd.(6895200)............................ 2,800 63,356 Toho Co., Ltd.(6895211)............................ 15,000 55,557 Toho Gas Co., Ltd.................................. 20,000 108,676 # Toho Holdings Co., Ltd............................. 22,200 309,204 #* Toho Titanium Co., Ltd............................. 11,400 80,518 Toho Zinc Co., Ltd................................. 71,000 222,869 Tohoku Bank, Ltd. (The)............................ 23,000 30,399 Tohto Suisan Co., Ltd.............................. 16,000 26,297 Tokai Carbon Co., Ltd.............................. 101,000 291,012 Tokai Corp/Gifu.................................... 2,400 74,593 TOKAI Holdings Corp................................ 24,100 108,583 Tokai Lease Co., Ltd............................... 5,000 9,037 Tokai Rika Co., Ltd................................ 25,900 533,333 Token Corp......................................... 3,320 137,600 Tokio Marine Holdings, Inc......................... 31,716 1,107,275 # Toko, Inc.......................................... 9,000 23,970 Tokushu Tokai Paper Co., Ltd....................... 37,000 91,248 555 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) # Tokuyama Corp...................................... 117,000 $259,902 Tokyo Dome Corp.................................... 79,000 365,397 # Tokyo Electron Device, Ltd......................... 3,700 47,861 Tokyo Electron, Ltd................................ 6,300 440,957 Tokyo Energy & Systems, Inc........................ 9,000 64,375 # Tokyo Keiki, Inc................................... 33,000 78,915 * Tokyo Kikai Seisakusho, Ltd........................ 20,000 12,536 # Tokyo Rakutenchi Co., Ltd.......................... 7,000 29,646 * Tokyo Rope Manufacturing Co., Ltd.................. 50,000 93,789 Tokyo Seimitsu Co., Ltd............................ 11,300 229,795 Tokyo Steel Manufacturing Co., Ltd................. 44,000 330,636 Tokyo Tatemono Co., Ltd............................ 43,000 290,300 Tokyo Tekko Co., Ltd............................... 21,000 104,778 Tokyo Theatres Co., Inc............................ 43,000 51,780 #* Tokyo TY Financial Group, Inc...................... 8,687 248,662 # Tokyu Construction Co., Ltd........................ 34,930 176,465 Tokyu Fudosan Holdings Corp........................ 54,082 335,204 Tokyu Recreation Co., Ltd.......................... 3,853 22,055 Toli Corp.......................................... 14,000 29,141 Tomato Bank, Ltd................................... 22,000 32,825 Tomoe Corp......................................... 12,000 43,734 Tomoe Engineering Co., Ltd......................... 3,000 42,756 Tomoku Co., Ltd.................................... 29,000 69,468 TOMONY Holdings, Inc............................... 71,500 308,687 # Tomy Co., Ltd...................................... 32,400 179,476 Tonami Holdings Co., Ltd........................... 16,000 56,419 Topcon Corp........................................ 3,000 59,446 Toppan Forms Co., Ltd.............................. 28,000 290,926 Toppan Printing Co., Ltd........................... 86,000 574,485 Topre Corp......................................... 19,800 272,304 Topy Industries, Ltd............................... 60,000 135,130 Toray Industries, Inc.............................. 60,000 511,085 # Toridoll.corp...................................... 3,900 56,599 Torigoe Co., Ltd. (The)............................ 300 1,816 # Torishima Pump Manufacturing Co., Ltd.............. 9,500 69,812 # Tosei Corp......................................... 17,500 106,849 Toshiba Corp....................................... 70,000 279,901 Toshiba Machine Co., Ltd........................... 60,000 230,086 Toshiba Plant Systems & Services Corp.............. 8,000 122,622 Toshiba TEC Corp................................... 43,000 265,256 Tosho Co., Ltd..................................... 1,800 45,395 # Tosho Printing Co., Ltd............................ 11,000 30,022 Tosoh Corp......................................... 144,000 776,283 Totetsu Kogyo Co., Ltd............................. 6,270 149,654 TOTO, Ltd.......................................... 15,000 165,590 Tottori Bank, Ltd. (The)........................... 8,000 15,833 Towa Bank, Ltd. (The).............................. 109,000 89,492 Towa Corp.......................................... 16,500 100,562 Towa Pharmaceutical Co., Ltd....................... 3,700 168,303 Toyo Construction Co., Ltd......................... 29,900 143,251 Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd......................................... 18,000 65,049 # Toyo Engineering Corp.............................. 36,000 121,326 Toyo Ink SC Holdings Co., Ltd...................... 104,000 486,813 556 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Toyo Kanetsu K.K................................... 55,000 $ 112,315 Toyo Kohan Co., Ltd................................ 29,000 148,852 Toyo Machinery & Metal Co., Ltd.................... 7,900 30,543 Toyo Securities Co., Ltd........................... 40,000 117,216 Toyo Seikan Group Holdings, Ltd.................... 45,400 582,488 Toyo Sugar Refining Co., Ltd....................... 8,000 6,860 Toyo Suisan Kaisha, Ltd............................ 7,000 246,267 # Toyo Tanso Co., Ltd................................ 5,500 88,201 Toyo Tire & Rubber Co., Ltd........................ 27,500 619,399 Toyo Wharf & Warehouse Co., Ltd.................... 37,000 62,725 Toyobo Co., Ltd.................................... 476,000 640,190 Toyoda Gosei Co., Ltd.............................. 30,300 667,494 # Toyota Boshoku Corp................................ 15,100 199,334 Toyota Motor Corp.................................. 32,980 2,126,251 # Toyota Motor Corp. Sponsored ADR................... 20,242 2,608,182 Toyota Tsusho Corp................................. 50,900 1,205,441 TPR Co., Ltd....................................... 9,900 250,522 Trancom Co., Ltd................................... 2,000 85,768 Transcosmos, Inc................................... 3,900 68,274 * Trend Micro, Inc................................... 4,200 118,613 Trusco Nakayama Corp............................... 9,200 245,018 TS Tech Co., Ltd................................... 21,300 536,653 TSI Holdings Co., Ltd.............................. 17,105 97,782 Tsubakimoto Chain Co............................... 57,000 458,929 Tsubakimoto Kogyo Co., Ltd......................... 2,000 5,143 #* Tsudakoma Corp..................................... 40,000 52,813 # Tsugami Corp....................................... 28,000 159,940 # Tsukada Global Holdings, Inc....................... 4,800 29,476 Tsukamoto Corp. Co., Ltd........................... 3,000 3,483 Tsukishima Kikai Co., Ltd.......................... 10,500 113,378 Tsukuba Bank, Ltd.................................. 41,600 121,441 Tsukui Corp........................................ 6,500 60,076 # Tsumura & Co....................................... 12,800 291,276 Tsuruha Holdings, Inc.............................. 2,600 174,709 Tsurumi Manufacturing Co., Ltd..................... 4,000 66,794 # Tyo, Inc........................................... 21,600 31,820 # UACJ Corp.......................................... 128,067 314,531 Ube Industries, Ltd................................ 448,200 671,249 Uchida Yoko Co., Ltd............................... 31,000 96,668 Uchiyama Holdings Co., Ltd......................... 2,300 11,789 Ueki Corp.......................................... 3,000 6,795 UKC Holdings Corp.................................. 4,500 69,109 * Ulvac, Inc......................................... 21,300 305,090 Uniden Corp........................................ 28,000 52,963 Union Tool Co...................................... 4,700 131,250 Unipres Corp....................................... 20,400 354,874 United Arrows, Ltd................................. 4,500 127,904 * Unitika, Ltd....................................... 246,000 114,501 # Universal Entertainment Corp....................... 6,900 116,663 # UNY Group Holdings Co., Ltd........................ 117,800 677,770 #* Usen Corp.......................................... 28,780 75,432 # Ushio, Inc......................................... 47,600 551,452 USS Co., Ltd....................................... 4,000 62,754 557 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) # UT Holdings Co., Ltd............................... 10,900 $ 44,536 Utoc Corp.......................................... 5,500 28,274 Valor Co., Ltd..................................... 15,500 292,381 Village Vanguard Co., Ltd.......................... 1,800 21,378 Vital KSK Holdings, Inc............................ 13,800 106,010 # Vitec Co., Ltd..................................... 2,400 19,826 VT Holdings Co., Ltd............................... 27,500 110,673 Wacoal Holdings Corp............................... 42,000 416,300 # Wacom Co., Ltd..................................... 41,000 173,231 Wakachiku Construction Co., Ltd.................... 34,000 58,195 Wakita & Co., Ltd.................................. 16,000 151,654 Warabeya Nichiyo Co., Ltd.......................... 5,800 97,032 * Watabe Wedding Corp................................ 1,400 5,978 # WATAMI Co., Ltd.................................... 8,100 80,176 Weathernews, Inc................................... 1,700 43,063 Welcia Holdings Co., Ltd........................... 3,200 117,789 # West Holdings Corp................................. 3,000 23,768 Wood One Co., Ltd.................................. 6,000 13,860 Wowow, Inc......................................... 2,200 94,898 Xebio Co., Ltd..................................... 14,200 219,800 Yahagi Construction Co., Ltd....................... 10,900 81,164 Yaizu Suisankagaku Industry Co., Ltd............... 100 875 Yakult Honsha Co., Ltd............................. 1,700 102,962 YAMABIKO Corp...................................... 2,600 111,896 # Yamada Denki Co., Ltd.............................. 245,900 913,551 # Yamagata Bank, Ltd. (The).......................... 71,000 299,662 Yamaguchi Financial Group, Inc..................... 61,000 634,642 Yamaha Corp........................................ 26,500 385,916 Yamaha Motor Co., Ltd.............................. 16,700 366,271 Yamaichi Electronics Co., Ltd...................... 6,700 46,607 Yamanashi Chuo Bank, Ltd. (The).................... 75,000 299,522 Yamatane Corp...................................... 52,000 76,984 Yamato Holdings Co., Ltd........................... 9,500 214,856 Yamato Kogyo Co., Ltd.............................. 11,100 285,668 # Yamaya Corp........................................ 2,000 26,283 Yamazaki Baking Co., Ltd........................... 33,000 485,860 Yamazen Corp....................................... 14,100 99,121 Yaoko Co., Ltd..................................... 1,900 123,518 Yashima Denki Co., Ltd............................. 2,000 9,556 # Yaskawa Electric Corp.............................. 11,700 149,573 Yasuda Logistics Corp.............................. 8,900 77,940 Yellow Hat, Ltd.................................... 6,700 131,057 Yokogawa Bridge Holdings Corp...................... 14,900 166,921 Yokogawa Electric Corp............................. 16,000 167,514 Yokohama Reito Co., Ltd............................ 21,400 148,443 Yokohama Rubber Co., Ltd. (The).................... 53,000 498,622 Yokowo Co., Ltd.................................... 5,100 27,612 # Yomiuri Land Co., Ltd.............................. 25,000 99,870 Yondenko Corp...................................... 8,000 30,773 Yondoshi Holdings, Inc............................. 8,800 134,792 Yonekyu Corp....................................... 900 14,003 # Yonex Co., Ltd..................................... 3,600 36,262 Yorozu Corp........................................ 7,900 152,983 558 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ JAPAN -- (Continued) # Yoshinoya Holdings Co., Ltd........................ 10,200 $ 115,508 Yuasa Trading Co., Ltd............................. 5,600 115,233 Yuken Kogyo Co., Ltd............................... 12,000 24,895 # Yumeshin Holdings Co., Ltd......................... 8,500 53,971 Yurtec Corp........................................ 21,000 141,957 Yusen Logistics Co., Ltd........................... 9,200 110,154 Yushiro Chemical Industry Co., Ltd................. 3,800 59,148 Yutaka Giken Co., Ltd.............................. 600 12,524 Zappallas, Inc..................................... 5,000 28,037 # Zenrin Co., Ltd.................................... 11,600 149,244 # Zensho Holdings Co., Ltd........................... 29,400 265,825 Zeon Corp.......................................... 41,000 418,681 ZERIA Pharmaceutical Co., Ltd...................... 6,000 97,130 Zojirushi Corp..................................... 2,000 13,377 # Zuiko Corp......................................... 800 31,559 ------------ TOTAL JAPAN............................................ 301,797,487 ------------ NETHERLANDS -- (2.3%) Aalberts Industries NV............................. 45,268 1,303,749 Accell Group....................................... 8,631 131,666 Aegon NV(007924103)................................ 8,052 57,491 Aegon NV(5927375).................................. 267,671 1,907,655 * AFC Ajax NV........................................ 70 722 Akzo Nobel NV...................................... 21,497 1,548,670 * AMG Advanced Metallurgical Group NV................ 16,899 126,180 Amsterdam Commodities NV........................... 6,034 143,850 #* APERAM SA.......................................... 26,596 690,420 Arcadis NV......................................... 18,240 552,039 # ArcelorMittal(B295F26)............................. 148,551 1,432,032 ArcelorMittal(B03XPL1)............................. 45,105 430,919 # ASM International NV............................... 17,985 733,805 # ASML Holding NV.................................... 8,314 864,123 * Ballast Nedam NV................................... 796 2,623 BE Semiconductor Industries NV..................... 16,216 329,124 Beter Bed Holding NV............................... 4,493 88,122 BinckBank NV....................................... 34,372 282,334 Boskalis Westminster NV............................ 18,878 834,568 Brunel International NV............................ 7,374 119,643 Corbion NV......................................... 28,080 465,164 Delta Lloyd NV..................................... 93,699 1,770,319 Exact Holding NV................................... 2,960 106,058 Fugro NV........................................... 16,155 350,324 #* Galapagos NV....................................... 11,191 228,876 # Gemalto NV......................................... 6,446 466,738 * Grontmij........................................... 30,380 121,804 # Heijmans NV........................................ 11,669 111,564 Heineken NV........................................ 3,944 294,334 Hunter Douglas NV.................................. 297 11,988 * ING Groep NV....................................... 131,444 1,634,165 #* ING Groep NV Sponsored ADR......................... 61,975 770,969 KAS Bank NV........................................ 6,993 80,666 Kendrion NV........................................ 7,641 208,973 Koninklijke Ahold NV............................... 78,576 1,418,176 559 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NETHERLANDS -- (Continued) Koninklijke BAM Groep NV........................... 99,953 $ 300,001 Koninklijke DSM NV................................. 19,433 1,030,742 Koninklijke KPN NV................................. 288,460 890,297 Koninklijke Philips NV(500472303).................. 45,049 1,242,902 Koninklijke Philips NV(5986622).................... 28,754 792,888 # Koninklijke Ten Cate NV............................ 14,290 316,607 Koninklijke Vopak NV............................... 6,178 344,531 * Macintosh Retail Group NV.......................... 5,853 16,387 * Mota-Engil Africa NV............................... 1,982 13,819 Nutreco NV......................................... 21,370 1,088,282 #* Ordina NV.......................................... 41,768 67,137 * PostNL NV.......................................... 97,636 353,177 Randstad Holding NV................................ 21,215 1,115,145 Reed Elsevier NV................................... 29,425 719,398 Reed Elsevier NV Sponsored ADR..................... 1,500 73,170 #* Royal Imtech NV.................................... 17,912 82,603 * SBM Offshore NV.................................... 75,150 819,913 Sligro Food Group NV............................... 9,144 348,869 #* SNS Reaal NV....................................... 28,066 -- * Telegraaf Media Groep NV........................... 7,861 50,611 TKH Group NV....................................... 17,857 555,234 TNT Express NV..................................... 136,232 891,002 * TomTom NV.......................................... 74,157 487,288 USG People NV...................................... 27,256 314,115 Van Lanschot NV.................................... 664 13,137 Wessanen........................................... 34,146 218,037 Wolters Kluwer NV.................................. 45,922 1,371,820 ----------- TOTAL NETHERLANDS...................................... 33,136,965 ----------- NEW ZEALAND -- (0.5%) #* a2 Milk Co., Ltd................................... 20,758 8,115 Air New Zealand, Ltd............................... 232,153 439,206 # Auckland International Airport, Ltd................ 204,416 661,134 #* Chorus, Ltd........................................ 79,615 153,020 * Chorus, Ltd. ADR................................... 462 4,366 Contact Energy, Ltd................................ 130,539 669,950 # Ebos Group, Ltd.................................... 14,860 101,996 Fisher & Paykel Healthcare Corp., Ltd.............. 112,595 507,714 Fletcher Building, Ltd.(6341606)................... 44,580 270,813 # Fletcher Building, Ltd.(6341617)................... 3,803 23,021 Freightways, Ltd................................... 44,501 193,248 Hallenstein Glasson Holdings, Ltd.................. 5,478 13,361 Heartland New Zealand, Ltd......................... 106,802 102,588 Infratil, Ltd...................................... 95,241 218,662 # Kathmandu Holdings, Ltd............................ 26,036 38,083 Mainfreight, Ltd................................... 24,972 290,357 # Metlifecare, Ltd................................... 32,576 113,599 New Zealand Oil & Gas, Ltd......................... 66,437 30,995 * New Zealand Refining Co., Ltd. (The)............... 14,184 26,170 Nuplex Industries, Ltd............................. 52,978 114,781 NZX, Ltd........................................... 45,203 39,761 PGG Wrightson, Ltd................................. 41,016 14,440 * Pike River Coal, Ltd............................... 12,312 -- 560 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NEW ZEALAND -- (Continued) Port of Tauranga, Ltd.............................. 13,291 $ 171,399 # Restaurant Brands New Zealand, Ltd................. 16,668 46,061 Ryman Healthcare, Ltd.............................. 41,080 245,912 Skellerup Holdings, Ltd............................ 21,549 20,502 Sky Network Television, Ltd........................ 94,662 416,230 SKYCITY Entertainment Group, Ltd................... 170,702 486,995 Spark New Zealand, Ltd............................. 288,742 691,883 Summerset Group Holdings, Ltd...................... 11,423 25,741 Tower, Ltd......................................... 35,470 58,248 # Trade Me Group, Ltd................................ 74,674 196,831 # TrustPower, Ltd.................................... 8,621 52,489 Vector, Ltd........................................ 27,832 59,725 Warehouse Group, Ltd. (The)........................ 38,816 80,287 * Xero, Ltd.......................................... 5,512 62,218 ---------- TOTAL NEW ZEALAND...................................... 6,649,901 ---------- NORWAY -- (0.8%) # ABG Sundal Collier Holding ASA..................... 78,760 48,787 # Akastor ASA........................................ 11,359 27,927 Aker ASA Class A................................... 4,406 94,106 * Aker Solutions ASA................................. 11,359 55,453 American Shipping ASA.............................. 10,283 39,708 #* Archer, Ltd........................................ 144,921 57,499 Atea ASA........................................... 20,732 230,285 Austevoll Seafood ASA.............................. 45,023 262,936 Bakkafrost P/F..................................... 8,668 180,080 Bonheur ASA........................................ 5,168 48,019 BW Offshore, Ltd................................... 193,828 186,395 Deep Sea Supply P.L.C.............................. 74,823 39,330 #* Det Norske Oljeselskap ASA......................... 22,841 95,439 DNB ASA............................................ 47,888 693,830 #* DNO ASA............................................ 82,820 182,475 #* DOF ASA............................................ 11,186 15,232 * Dolphin Group A.S.................................. 69,552 24,328 Ekornes ASA........................................ 3,570 44,479 #* Electromagnetic GeoServices........................ 83,165 43,392 Eltek ASA.......................................... 60,839 90,815 Evry ASA........................................... 20,232 41,943 Farstad Shipping ASA............................... 4,288 20,278 # Fred Olsen Energy ASA.............................. 2,543 21,312 #* Frontline, Ltd..................................... 10,435 24,852 Ganger Rolf ASA.................................... 2,279 20,583 Gjensidige Forsikring ASA.......................... 7,127 120,150 Golar LNG, Ltd..................................... 3,400 96,424 # Golden Ocean Group, Ltd............................ 119,371 73,793 * Grieg Seafood ASA.................................. 7,041 25,469 # Hexagon Composites ASA............................. 16,342 39,913 * Hoegh LNG Holdings, Ltd............................ 6,093 59,928 * Kongsberg Automotive ASA........................... 284,481 223,657 Kongsberg Gruppen ASA.............................. 2,267 38,338 Kvaerner ASA....................................... 106,500 124,008 Leroey Seafood Group ASA........................... 6,817 239,016 Marine Harvest ASA................................. 30,024 392,765 561 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- NORWAY -- (Continued) #* Nordic Semiconductor ASA........................... 16,465 $ 113,708 Norsk Hydro ASA.................................... 170,838 1,003,970 * Norske Skogindustrier ASA.......................... 103,385 94,640 Northern Offshore, Ltd............................. 31,223 12,547 #* Norwegian Air Shuttle ASA.......................... 5,505 216,251 * Odfjell SE Class A................................. 5,645 15,807 # Opera Software ASA................................. 14,495 192,020 Orkla ASA.......................................... 50,392 371,381 * Panoro Energy ASA.................................. 147,239 25,701 # Petroleum Geo-Services ASA......................... 81,234 441,693 Prosafe SE......................................... 66,258 176,897 * Q-Free ASA......................................... 3,734 4,395 #* REC Silicon ASA.................................... 1,070,417 228,588 * REC Solar ASA...................................... 13,235 173,955 Salmar ASA......................................... 11,015 170,050 Schibsted ASA...................................... 1,854 119,430 # Seadrill, Ltd...................................... 26,541 285,050 #* Sevan Drilling A.S................................. 134,138 11,787 # Sevan Marine ASA................................... 11,522 29,082 Siem Offshore, Inc................................. 39,709 11,102 Solstad Offshore ASA............................... 2,300 18,481 * Songa Offshore..................................... 137,830 27,350 SpareBank 1 SMN.................................... 24,245 171,836 SpareBank 1 SR Bank ASA............................ 45,336 284,689 Statoil ASA........................................ 81,299 1,361,456 # Statoil ASA Sponsored ADR.......................... 12,080 202,944 Stolt-Nielsen, Ltd................................. 8,145 128,602 * Storebrand ASA..................................... 127,625 385,808 Subsea 7 SA........................................ 38,053 323,699 TGS Nopec Geophysical Co. ASA...................... 6,191 143,604 Tomra Systems ASA.................................. 35,644 286,377 Veidekke ASA....................................... 17,699 182,940 Wilh Wilhelmsen ASA................................ 12,175 68,009 Wilh Wilhelmsen Holding ASA Class A................ 4,583 88,884 Yara International ASA............................. 6,974 363,083 ----------- TOTAL NORWAY........................................... 11,758,760 ----------- PORTUGAL -- (0.3%) Altri SGPS SA...................................... 51,633 178,849 #* Banco BPI SA....................................... 148,057 138,938 #* Banco Comercial Portugues SA....................... 12,555,676 884,247 * Banco Espirito Santo SA............................ 712,067 -- EDP Renovaveis SA.................................. 77,207 516,093 Galp Energia SGPS SA............................... 43,553 460,111 Jeronimo Martins SGPS SA........................... 12,685 136,444 Mota-Engil SGPS SA................................. 34,788 106,372 NOS SGPS........................................... 46,514 295,277 Portucel SA........................................ 73,838 297,878 # Portugal Telecom SGPS SA........................... 122,225 85,189 REN - Redes Energeticas Nacionais SGPS SA.......... 32,255 91,470 Semapa-Sociedade de Investimento e Gestao.......... 34,892 408,472 * Sonae Capital SGPS SA.............................. 41,822 13,582 * Sonae Industria SGPS SA............................ 1,317,214 9,623 562 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- PORTUGAL -- (Continued) Sonae SGPS SA...................................... 445,599 $ 583,382 Teixeira Duarte SA................................. 31,098 24,743 ---------- TOTAL PORTUGAL......................................... 4,230,670 ---------- RUSSIA -- (0.0%) * Exillon Energy P.L.C............................... 17,069 32,057 ---------- SINGAPORE -- (1.4%) * Abterra, Ltd....................................... 40,000 16,315 Amara Holdings, Ltd................................ 90,000 35,792 Amtek Engineering, Ltd............................. 16,000 7,381 ASL Marine Holdings, Ltd........................... 74,200 23,411 #* Ausgroup, Ltd...................................... 435,061 96,464 Banyan Tree Holdings, Ltd.......................... 84,000 32,537 #* Biosensors International Group, Ltd................ 581,000 276,686 Bonvests Holdings, Ltd............................. 30,000 30,343 Boustead Singapore, Ltd............................ 75,949 100,989 # Breadtalk Group, Ltd............................... 64,000 71,462 Bukit Sembawang Estates, Ltd....................... 29,000 114,061 Bund Center Investment, Ltd........................ 88,000 12,885 CapitaLand, Ltd.................................... 389,101 998,656 # Centurion Corp., Ltd............................... 104,000 45,519 CH Offshore, Ltd................................... 155,000 56,716 China Aviation Oil Singapore Corp., Ltd............ 64,800 33,885 # China Merchants Holdings Pacific, Ltd.............. 66,000 47,824 Chip Eng Seng Corp., Ltd........................... 245,000 164,230 City Developments, Ltd............................. 39,000 289,067 # Cityspring Infrastructure Trust.................... 84,000 33,815 ComfortDelGro Corp., Ltd........................... 91,000 192,966 Cosco Corp. Singapore, Ltd......................... 615,000 245,535 CSE Global, Ltd.................................... 336,000 145,116 CWT, Ltd........................................... 131,000 162,671 DBS Group Holdings, Ltd............................ 86,433 1,260,160 #* Del Monte Pacific, Ltd............................. 120,000 41,224 * Delong Holdings, Ltd............................... 33,000 5,435 # Dyna-Mac Holdings, Ltd............................. 230,000 58,752 Elec & Eltek International Co., Ltd................ 14,000 17,402 Eu Yan Sang International, Ltd..................... 20,000 11,484 # Ezion Holdings, Ltd................................ 461,880 433,041 # Ezra Holdings, Ltd................................. 409,760 160,235 Falcon Energy Group, Ltd........................... 203,000 41,194 Far East Orchard, Ltd.............................. 55,984 69,844 First Resources, Ltd............................... 84,000 115,376 FJ Benjamin Holdings, Ltd.......................... 75,000 8,919 Fragrance Group, Ltd............................... 222,000 36,942 * Gallant Venture, Ltd............................... 51,000 9,201 # Genting Hong Kong, Ltd............................. 400,000 145,133 Genting Singapore P.L.C............................ 185,000 147,503 #* Geo Energy Resources, Ltd.......................... 196,000 29,616 Global Premium Hotels, Ltd......................... 9,279 2,432 GMG Global, Ltd.................................... 1,285,000 60,577 Golden Agri-Resources, Ltd......................... 1,156,000 358,595 Great Eastern Holdings, Ltd........................ 3,000 53,618 563 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- SINGAPORE -- (Continued) # GuocoLand, Ltd..................................... 65,333 $ 86,737 GuocoLeisure, Ltd.................................. 109,000 76,801 * Healthway Medical Corp., Ltd....................... 184,125 6,236 HG Metal Manufacturing, Ltd........................ 123,000 6,108 Hi-P International, Ltd............................ 76,000 39,637 Hiap Hoe, Ltd...................................... 39,000 23,864 Ho Bee Land, Ltd................................... 94,000 143,775 Hong Fok Corp., Ltd................................ 144,800 97,169 Hong Leong Asia, Ltd............................... 49,000 52,176 Hotel Grand Central, Ltd........................... 6,335 6,181 Hour Glass, Ltd. (The)............................. 108,000 58,504 HTL International Holdings, Ltd.................... 41,000 8,042 Hutchison Port Holdings Trust...................... 570,000 406,443 Hwa Hong Corp., Ltd................................ 21,000 5,272 # Hyflux, Ltd........................................ 149,500 105,188 Indofood Agri Resources, Ltd....................... 289,000 151,095 InnoTek, Ltd....................................... 37,000 6,984 * Interra Resources, Ltd............................. 125,000 15,191 IPC Corp., Ltd..................................... 238,000 26,867 # ISDN Holdings, Ltd................................. 38,000 5,886 Jardine Cycle & Carriage, Ltd...................... 4,000 124,849 * Jiutian Chemical Group, Ltd........................ 980,000 44,706 k1 Ventures, Ltd................................... 393,000 54,218 Keppel Corp., Ltd.................................. 25,000 160,564 Keppel Land, Ltd................................... 221,390 742,423 Koh Brothers Group, Ltd............................ 175,000 40,110 # KSH Holdings, Ltd.................................. 51,000 19,395 LCD Global Investments, Ltd........................ 128,000 32,830 * Li Heng Chemical Fibre Technologies, Ltd........... 115,000 10,019 Lian Beng Group, Ltd............................... 252,000 117,128 * Linc Energy, Ltd................................... 69,583 29,857 #* LionGold Corp., Ltd................................ 258,000 3,624 Low Keng Huat Singapore, Ltd....................... 78,000 42,362 M1, Ltd............................................ 23,000 63,595 Marco Polo Marine, Ltd............................. 39,000 8,054 Mermaid Maritime PCL............................... 262,000 57,926 # Midas Holdings, Ltd................................ 587,000 146,885 # Nam Cheong, Ltd.................................... 600,000 138,762 #* Neptune Orient Lines, Ltd.......................... 496,250 369,881 Noble Group, Ltd................................... 901,700 705,350 # Olam International, Ltd............................ 127,000 184,898 # OSIM International, Ltd............................ 76,000 108,715 Otto Marine, Ltd................................... 693,000 21,351 OUE Hospitality Trust.............................. 21,167 14,631 # OUE, Ltd........................................... 127,000 206,250 Oversea-Chinese Banking Corp., Ltd................. 74,544 571,764 Oxley Holdings, Ltd................................ 118,000 44,367 Pan-United Corp., Ltd.............................. 47,000 30,244 Penguin International, Ltd......................... 209,000 35,442 Petra Foods, Ltd................................... 15,000 44,223 Popular Holdings, Ltd.............................. 116,000 26,576 QAF, Ltd........................................... 93,636 69,380 Raffles Education Corp., Ltd....................... 497,420 121,451 564 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SINGAPORE -- (Continued) Raffles Medical Group, Ltd......................... 44,209 $ 129,591 Rotary Engineering, Ltd............................ 130,000 53,304 SATS, Ltd.......................................... 85,380 186,613 SembCorp Industries, Ltd........................... 64,000 203,516 # SembCorp Marine, Ltd............................... 61,000 134,987 Sheng Siong Group, Ltd............................. 168,000 89,871 SHS Holdings, Ltd.................................. 195,000 36,637 # SIA Engineering Co., Ltd........................... 11,000 35,419 Sim Lian Group, Ltd................................ 51,000 33,328 Sinarmas Land, Ltd................................. 570,000 273,117 Singapore Airlines, Ltd............................ 98,000 915,371 Singapore Exchange, Ltd............................ 36,000 206,529 Singapore Post, Ltd................................ 144,000 227,646 # Singapore Press Holdings, Ltd...................... 58,000 176,877 Singapore Technologies Engineering, Ltd............ 46,000 114,104 Singapore Telecommunications, Ltd.................. 147,000 442,687 #* Sino Grandness Food Industry Group, Ltd............ 175,000 65,143 SMRT Corp., Ltd.................................... 106,000 137,018 Stamford Land Corp., Ltd........................... 217,000 90,501 StarHub, Ltd....................................... 20,000 61,729 Sunningdale Tech, Ltd.............................. 519,000 76,570 * SunVic Chemical Holdings, Ltd...................... 90,000 31,528 # Super Group, Ltd................................... 126,000 103,251 # Swiber Holdings, Ltd............................... 325,499 45,908 # Swissco Holdings, Ltd.............................. 133,500 45,470 Tat Hong Holdings, Ltd............................. 172,000 93,822 Tiong Woon Corp. Holding, Ltd...................... 136,000 23,112 Triyards holdings, Ltd............................. 21,900 7,642 Tuan Sing Holdings, Ltd............................ 183,531 54,843 UMS Holdings, Ltd.................................. 207,250 78,777 United Engineers, Ltd.............................. 98,000 219,831 # United Envirotech, Ltd............................. 116,000 139,037 United Industrial Corp., Ltd....................... 98,975 257,714 United Overseas Bank, Ltd.......................... 50,263 859,536 UOB-Kay Hian Holdings, Ltd......................... 88,035 98,109 UOL Group, Ltd..................................... 127,987 681,129 UPP Holdings, Ltd.................................. 134,000 24,657 #* Vard Holdings, Ltd................................. 399,000 148,506 Venture Corp., Ltd................................. 98,000 588,491 Vibrant Group, Ltd................................. 719,863 52,589 Wee Hur Holdings, Ltd.............................. 112,000 31,799 Wheelock Properties Singapore, Ltd................. 10,000 13,865 Wilmar International, Ltd.......................... 93,000 220,707 Wing Tai Holdings, Ltd............................. 251,768 340,236 Yeo Hiap Seng, Ltd................................. 10,160 13,066 Yongnam Holdings, Ltd.............................. 596,000 78,747 ----------- TOTAL SINGAPORE........................................ 19,963,925 ----------- SPAIN -- (2.2%) Abengoa SA......................................... 9,660 30,856 Abengoa SA Class B................................. 113,376 334,978 Abertis Infraestructuras SA........................ 19,638 384,555 * Acciona SA......................................... 12,651 904,343 565 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SPAIN -- (Continued) Acerinox SA........................................ 35,112 $ 522,723 ACS Actividades de Construccion y Servicios SA..... 6,875 239,109 # Adveo Group International SA....................... 4,194 61,485 * Almirall SA........................................ 12,501 218,074 # Amadeus IT Holding SA Class A...................... 16,494 661,479 Atresmedia Corp de Medios de Comunicacion SA....... 8,868 130,301 Banco Bilbao Vizcaya Argentaria SA................. 240,166 2,051,583 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR... 36,297 309,250 Banco de Sabadell SA............................... 818,941 2,069,533 * Banco Popular...................................... 1,426 6,049 Banco Popular Espanol SA........................... 336,822 1,423,731 Banco Santander SA................................. 526,086 3,538,491 Banco Santander SA Sponsored ADR................... 59,814 400,159 * Bankia SA.......................................... 269,054 351,890 Bankinter SA....................................... 137,553 955,659 * Baron de Ley....................................... 967 84,092 Bolsas y Mercados Espanoles SA..................... 19,951 820,146 CaixaBank SA....................................... 127,072 553,491 * Caja de Ahorros del Mediterraneo................... 8,736 -- #* Cementos Portland Valderrivas SA................... 4,951 32,851 Cie Automotive SA.................................. 11,979 172,440 Construcciones y Auxiliar de Ferrocarriles SA...... 728 244,741 Distribuidora Internacional de Alimentacion SA..... 92,759 600,534 Duro Felguera SA................................... 21,132 84,817 Ebro Foods SA...................................... 17,048 290,088 Elecnor SA......................................... 6,222 57,516 Enagas SA.......................................... 22,279 705,521 Ence Energia y Celulosa S.A........................ 68,021 203,429 * Ercros SA.......................................... 29,067 13,609 Faes Farma SA(B1PQHS6)............................. 52,448 106,802 * Faes Farma SA(BTGQBZ6)............................. 1,942 3,961 Ferrovial SA....................................... 16,146 320,318 * Fluidra SA......................................... 6,648 22,411 #* Fomento de Construcciones y Contratas SA........... 27,386 339,000 * Gamesa Corp. Tecnologica SA........................ 76,785 759,153 Gas Natural SDG SA................................. 18,758 440,321 Grifols SA......................................... 6,558 275,103 Grupo Catalana Occidente SA........................ 9,114 260,594 #* Grupo Ezentis SA................................... 28,858 22,171 Iberdrola SA....................................... 457,115 3,155,201 Iberpapel Gestion SA............................... 1,034 15,237 Indra Sistemas SA.................................. 28,349 289,604 * Inmobiliaria Colonial SA........................... 17,696 11,992 * Jazztel P.L.C...................................... 53,543 758,592 Mapfre SA.......................................... 126,004 424,174 * Mediaset Espana Comunicacion SA.................... 44,034 536,076 Melia Hotels International SA...................... 13,052 149,925 # Miquel y Costas & Miquel SA........................ 2,868 99,384 * NH Hotel Group SA.................................. 37,401 184,652 Obrascon Huarte Lain SA............................ 10,632 245,673 Papeles y Cartones de Europa SA.................... 23,301 112,002 * Pescanova SA....................................... 4,776 -- * Promotora de Informaciones SA Class A.............. 230,144 61,030 566 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) Prosegur Cia de Seguridad SA....................... 59,599 $ 331,480 * Realia Business SA................................. 14,616 10,064 Red Electrica Corp. SA............................. 7,182 611,893 Repsol SA.......................................... 88,105 1,560,757 # Repsol SA Sponsored ADR............................ 9,268 164,970 * Sacyr SA........................................... 49,406 182,715 * Solaria Energia y Medio Ambiente SA................ 8,257 6,968 Tecnicas Reunidas SA............................... 7,005 272,406 * Telecomunicaciones y Energia....................... 12,308 20,714 Telefonica SA...................................... 72,188 1,082,492 Telefonica SA Sponsored ADR........................ 7,389 110,170 Tubacex SA......................................... 44,867 131,249 Tubos Reunidos SA.................................. 29,237 52,361 Vidrala SA......................................... 5,964 296,552 Viscofan SA........................................ 9,066 524,537 * Vocento SA......................................... 341 639 # Zardoya Otis SA.................................... 10,842 123,474 * Zeltia SA.......................................... 40,950 139,438 ----------- TOTAL SPAIN............................................ 32,673,778 ----------- SWEDEN -- (2.9%) AAK AB............................................. 5,537 300,756 Acando AB.......................................... 34,510 55,850 AddTech AB Class B................................. 11,132 157,153 AF AB Class B...................................... 27,148 415,890 Alfa Laval AB...................................... 9,466 175,833 #* Arise AB........................................... 1,403 2,623 Assa Abloy AB Class B.............................. 15,042 821,503 Avanza Bank Holding AB............................. 6,943 229,010 Axfood AB.......................................... 4,123 250,228 # Axis Communications AB............................. 10,006 267,860 B&B Tools AB Class B............................... 10,741 183,752 Beijer Alma AB..................................... 7,190 173,087 Beijer Electronics AB.............................. 728 4,489 Beijer Ref AB Class B.............................. 5,568 90,467 Betsson AB......................................... 9,315 349,075 Bilia AB Class A................................... 10,790 327,242 BillerudKorsnas AB................................. 70,705 1,073,264 BioGaia AB Class B................................. 2,979 64,727 Biotage AB......................................... 10,917 18,777 Bjoern Borg AB..................................... 5,637 15,768 Boliden AB......................................... 108,697 1,698,035 Bulten AB.......................................... 5,341 49,091 Bure Equity AB..................................... 26,556 124,320 Byggmax Group AB................................... 27,903 185,136 Castellum AB....................................... 22,712 357,131 Cavotec SA......................................... 1,266 4,249 Clas Ohlson AB Class B............................. 6,555 101,353 * Cloetta AB Class B................................. 28,812 87,260 Concentric AB...................................... 12,564 160,504 * Concordia Maritime AB Class B...................... 10,317 15,820 * CyberCom Group AB.................................. 40,014 13,405 Dios Fastigheter AB................................ 4,962 37,271 567 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) Doro AB............................................ 6,042 $ 31,552 Duni AB............................................ 15,309 226,323 Electrolux AB Series B............................. 25,236 776,726 Elekta AB Class B.................................. 13,870 148,678 #* Eniro AB........................................... 53,618 33,023 Fabege AB.......................................... 18,163 247,935 * Fastighets AB Balder............................... 5,442 78,700 Getinge AB Class B................................. 14,356 353,839 Gunnebo AB......................................... 27,903 135,791 Haldex AB.......................................... 25,076 338,609 Hexagon AB Class B................................. 15,394 487,420 Hexpol AB.......................................... 5,106 512,264 HIQ International AB............................... 12,845 66,477 Holmen AB Class B.................................. 22,303 804,715 Hufvudstaden AB Class A............................ 2,399 31,423 Husqvarna AB Class A............................... 16,925 118,115 Husqvarna AB Class B............................... 103,112 716,130 ICA Gruppen AB..................................... 20,974 805,851 Industrial & Financial Systems Class B............. 6,123 188,526 Indutrade AB....................................... 3,575 145,509 Intrum Justitia AB................................. 19,495 518,793 JM AB.............................................. 27,040 890,043 KappAhl AB......................................... 25,937 130,601 #* Karolinska Development AB Class B.................. 1,834 2,632 Klovern AB Class A................................. 2,171 2,262 * Klovern AB Class B................................. 21,705 21,642 KNOW IT AB......................................... 5,593 32,875 Kungsleden AB...................................... 21,169 162,169 Lagercrantz AB Class B............................. 3,413 59,694 * Lindab International AB............................ 29,018 240,271 Loomis AB Class B.................................. 17,254 510,519 * Lundin Petroleum AB................................ 7,830 101,579 Meda AB Class A.................................... 118,858 1,674,004 #* Medivir AB Class B................................. 13,312 157,797 Mekonomen AB....................................... 8,823 207,254 Millicom International Cellular SA................. 2,531 161,403 Modern Times Group AB Class B...................... 11,714 331,527 MQ Holding AB...................................... 13,911 60,355 # Mycronic AB........................................ 35,480 123,997 NCC AB Class A..................................... 516 16,701 NCC AB Class B..................................... 23,066 745,825 Net Entertainment NE AB............................ 6,716 212,796 New Wave Group AB Class B.......................... 3,843 20,335 Nibe Industrier AB Class B......................... 18,506 470,094 Nobia AB........................................... 43,256 374,997 Nolato AB Class B.................................. 11,530 276,672 Nordea Bank AB..................................... 146,244 1,856,679 Nordnet AB Class B................................. 31,007 103,920 OEM International AB Class B....................... 1,100 14,273 # Oriflame Cosmetics SA.............................. 3,042 40,719 #* PA Resources AB.................................... 1,706 256 Peab AB............................................ 80,068 575,863 * Pricer AB Class B.................................. 45,176 41,398 568 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Proact IT Group AB................................. 1,449 $ 14,677 Proffice AB Class B................................ 15,374 37,140 #* Qliro Group AB..................................... 13,212 25,489 # Ratos AB Class B................................... 97,552 609,492 * Rezidor Hotel Group AB............................. 21,677 81,372 Saab AB Class B.................................... 26,267 639,403 Sandvik AB......................................... 61,381 644,291 #* SAS AB............................................. 84,256 168,552 Securitas AB Class B............................... 38,922 474,417 Semcon AB.......................................... 5,805 36,468 Skandinaviska Enskilda Banken AB Class A........... 117,140 1,410,552 Skanska AB Class B................................. 31,536 698,971 SKF AB Class B..................................... 19,381 456,847 SkiStar AB......................................... 10,926 111,657 #* SSAB AB Class A(B17H0S8)........................... 68,211 331,259 #* SSAB AB Class A(BPRBWK4)........................... 19,797 96,275 * SSAB AB Class B(B17H3F6)........................... 9,157 39,408 * SSAB AB Class B(BPRBWM6)........................... 50,538 218,591 Svenska Cellulosa AB Class A....................... 5,303 128,036 Svenska Cellulosa AB Class B....................... 98,155 2,365,939 Svenska Handelsbanken AB Class A................... 24,501 1,160,219 Svenska Handelsbanken AB Class B................... 918 42,789 Sweco AB Class B................................... 6,755 90,157 Swedbank AB Class A................................ 42,611 1,030,796 Swedish Match AB................................... 10,042 326,937 * Swedish Orphan Biovitrum AB........................ 34,824 365,020 Systemair AB....................................... 819 10,003 Tele2 AB Class B................................... 142,460 1,611,617 Telefonaktiebolaget LM Ericsson Class A............ 4,300 50,310 Telefonaktiebolaget LM Ericsson Class B............ 80,470 975,639 TeliaSonera AB..................................... 116,098 715,368 # TradeDoubler AB.................................... 9,598 11,027 * Transcom Worldwide AB.............................. 2,321 15,850 # Transmode AB....................................... 1,524 13,172 Trelleborg AB Class B.............................. 60,127 1,087,398 Unibet Group P.L.C................................. 7,747 461,359 Vitrolife AB....................................... 2,365 50,363 Volvo AB Class A................................... 13,728 161,641 Volvo AB Class B................................... 52,952 619,922 Wallenstam AB Class B.............................. 12,789 211,727 Wihlborgs Fastigheter AB........................... 8,920 174,583 ----------- TOTAL SWEDEN........................................... 41,973,213 ----------- SWITZERLAND -- (6.2%) ABB, Ltd........................................... 67,523 1,298,211 # ABB, Ltd. Sponsored ADR............................ 16,820 321,935 Actelion, Ltd...................................... 5,976 660,112 Adecco SA.......................................... 28,523 2,130,769 AFG Arbonia-Forster Holding AG..................... 6,902 123,816 Allreal Holding AG................................. 5,118 804,678 Alpiq Holding AG................................... 657 46,425 ALSO Holding AG.................................... 321 17,497 ams AG............................................. 20,295 794,373 569 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWITZERLAND -- (Continued) APG SGA SA......................................... 523 $ 169,127 Aryzta AG.......................................... 31,599 2,368,958 Ascom Holding AG................................... 23,493 361,837 Autoneum Holding AG................................ 2,033 340,272 Bachem Holding AG Class B.......................... 888 41,450 Baloise Holding AG................................. 13,835 1,800,863 Bank Coop AG....................................... 1,479 65,425 Banque Cantonale de Geneve......................... 163 38,622 Banque Cantonale Vaudoise.......................... 1,161 677,399 Barry Callebaut AG................................. 295 294,147 Basler Kantonalbank................................ 599 41,424 Belimo Holding AG.................................. 115 266,027 Bell AG............................................ 32 77,242 # Berner Kantonalbank AG............................. 1,342 264,022 Bobst Group SA..................................... 4,877 148,769 Bossard Holding AG Class A......................... 1,974 204,400 Bucher Industries AG............................... 3,203 785,800 Burckhardt Compression Holding AG.................. 548 169,512 Burkhalter Holding AG.............................. 1,062 112,578 Calida Holding AG.................................. 1,337 50,342 Carlo Gavazzi Holding AG........................... 42 9,095 Cham Paper Holding AG.............................. 17 4,305 * Charles Voegele Holding AG......................... 4,299 61,583 Chocoladefabriken Lindt & Sprungli AG.............. 3 188,985 Cie Financiere Richemont SA........................ 14,120 1,173,063 Cie Financiere Tradition SA........................ 319 14,381 Clariant AG........................................ 151,944 2,441,173 Coltene Holding AG................................. 2,325 157,202 Conzzeta AG........................................ 92 298,391 Credit Suisse Group AG............................. 94,484 1,989,440 Credit Suisse Group AG Sponsored ADR............... 15,501 326,141 Daetwyler Holding AG............................... 1,765 210,558 DKSH Holding AG.................................... 6,591 500,344 * Dufry AG........................................... 8,848 1,299,791 Edmond de Rothschild Suisse SA..................... 1 15,241 EFG International AG............................... 23,930 258,232 Emmi AG............................................ 1,421 464,051 EMS-Chemie Holding AG.............................. 439 169,588 Energiedienst Holding AG........................... 1,258 38,293 * Evolva Holding SA.................................. 4,494 7,029 Feintool International Holding AG.................. 929 88,389 Flughafen Zuerich AG............................... 2,436 1,658,458 Forbo Holding AG................................... 689 666,203 Galenica AG........................................ 1,204 967,499 GAM Holding AG..................................... 86,430 1,527,404 Gategroup Holding AG............................... 16,260 451,295 Geberit AG......................................... 2,072 707,887 Georg Fischer AG................................... 2,495 1,496,178 Givaudan SA........................................ 604 1,100,986 Gurit Holding AG................................... 216 77,305 Helvetia Holding AG................................ 3,200 1,632,292 Holcim, Ltd........................................ 28,208 1,972,102 Huber & Suhner AG.................................. 5,869 261,269 570 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWITZERLAND -- (Continued) Implenia AG........................................ 5,443 $ 297,711 Inficon Holding AG................................. 488 163,663 Interroll Holding AG............................... 309 157,620 Intershop Holdings AG.............................. 257 103,519 Julius Baer Group, Ltd............................. 56,140 2,284,007 Jungfraubahn Holding AG............................ 27 2,334 Kaba Holding AG Class B............................ 1,608 808,188 Kardex AG.......................................... 5,120 244,902 Komax Holding AG................................... 2,297 345,800 Kudelski SA........................................ 22,484 257,547 Kuehne + Nagel International AG.................... 2,059 283,430 Kuoni Reisen Holding AG............................ 1,593 534,765 LEM Holding SA..................................... 221 169,791 Liechtensteinische Landesbank AG................... 4,097 173,576 * LifeWatch AG....................................... 1,294 18,438 Logitech International SA(B18ZRK2)................. 46,055 677,203 # Logitech International SA(H50430232)............... 10,511 153,566 Lonza Group AG..................................... 20,484 2,426,047 # Luzerner Kantonalbank AG........................... 1,263 482,911 MCH Group AG....................................... 200 13,069 Metall Zug AG...................................... 42 102,557 #* Meyer Burger Technology AG......................... 32,461 201,370 Micronas Semiconductor Holding AG.................. 18,141 108,394 Mikron Holding AG.................................. 4,766 34,949 * Mobilezone Holding AG.............................. 7,511 89,930 Mobimo Holding AG.................................. 3,015 696,357 Nestle SA.......................................... 92,984 7,101,277 Novartis AG........................................ 53,863 5,249,096 Novartis AG ADR.................................... 22,831 2,223,739 OC Oerlikon Corp. AG............................... 70,031 796,576 * Orascom Development Holding AG..................... 9,372 161,187 #* Orell Fuessli Holding AG........................... 184 16,937 Orior AG........................................... 2,111 123,002 Panalpina Welttransport Holding AG................. 2,021 247,468 Partners Group Holding AG.......................... 1,132 302,946 Phoenix Mecano AG.................................. 200 89,786 PSP Swiss Property AG.............................. 1,506 155,453 Rieter Holding AG.................................. 1,736 251,790 Romande Energie Holding SA......................... 52 54,889 Schaffner Holding AG............................... 372 104,322 Schindler Holding AG............................... 551 80,234 * Schmolz + Bickenbach AG............................ 310,797 276,945 Schweiter Technologies AG.......................... 406 311,787 SGS SA............................................. 201 381,276 Siegfried Holding AG............................... 2,554 425,519 Sika AG............................................ 334 1,147,123 Sonova Holding AG.................................. 1,172 153,973 St Galler Kantonalbank AG.......................... 830 315,195 Straumann Holding AG............................... 1,363 307,875 Sulzer AG.......................................... 6,928 733,538 Swatch Group AG (The)(7184725)..................... 3,636 1,446,088 Swatch Group AG (The)(7184736)..................... 1,759 129,308 Swiss Life Holding AG.............................. 9,344 2,085,146 571 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Swiss Re AG........................................ 49,846 $ 4,496,478 Swisscom AG........................................ 1,139 667,816 Swissquote Group Holding SA........................ 3,840 99,949 Syngenta AG........................................ 5,987 1,950,168 Syngenta AG ADR.................................... 2,693 175,260 Tamedia AG......................................... 359 49,204 Tecan Group AG..................................... 3,097 312,528 Temenos Group AG................................... 16,040 488,208 #* Tornos Holding AG.................................. 2,333 10,643 U-Blox AG.......................................... 2,408 344,294 UBS Group AG(BRJL176).............................. 68,935 1,155,423 * UBS Group AG(H42097107)............................ 92,566 1,544,001 Valiant Holding AG................................. 5,981 488,075 Valora Holding AG.................................. 1,673 404,781 Vaudoise Assurances Holding SA Class B............. 452 212,683 Vetropack Holding AG............................... 68 98,694 Vontobel Holding AG................................ 11,828 395,388 VP Bank AG......................................... 1,628 131,365 Walliser Kantonalbank.............................. 41 31,373 * Walter Meier AG.................................... 525 24,116 Ypsomed Holding AG................................. 784 71,255 Zehnder Group AG................................... 5,551 242,037 Zug Estates Holding AG............................. 50 69,902 Zuger Kantonalbank AG.............................. 22 106,631 Zurich Insurance Group AG.......................... 15,572 5,163,336 ----------- TOTAL SWITZERLAND...................................... 90,947,912 ----------- UNITED KINGDOM -- (16.6%) 4imprint Group P.L.C............................... 979 13,003 888 Holdings P.L.C................................. 86,865 184,226 A.G.BARR P.L.C..................................... 22,869 217,314 Aberdeen Asset Management P.L.C.................... 110,063 722,489 Acacia Mining P.L.C................................ 75,504 320,764 Acal P.L.C......................................... 5,153 19,961 Admiral Group P.L.C................................ 14,556 316,658 #* Afren P.L.C........................................ 449,270 36,181 * Aga Rangemaster Group P.L.C........................ 43,446 67,213 Aggreko P.L.C...................................... 31,094 725,186 Alent P.L.C........................................ 99,317 545,433 Amec Foster Wheeler P.L.C.......................... 62,426 746,381 Amlin P.L.C........................................ 163,072 1,194,877 Anglo American P.L.C............................... 214,596 3,584,529 Anglo Pacific Group P.L.C.......................... 33,437 42,574 Anglo-Eastern Plantations P.L.C.................... 19 164 Anite P.L.C........................................ 103,523 127,153 Antofagasta P.L.C.................................. 38,449 374,883 ARM Holdings P.L.C................................. 29,062 452,944 ARM Holdings P.L.C. Sponsored ADR.................. 2,285 107,029 # Ashmore Group P.L.C................................ 87,881 369,833 Ashtead Group P.L.C................................ 99,963 1,626,649 Associated British Foods P.L.C..................... 18,738 873,888 AstraZeneca P.L.C.................................. 956 68,053 AstraZeneca P.L.C. Sponsored ADR................... 25,379 1,802,924 572 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Aveva Group P.L.C.................................. 6,921 $ 136,761 Aviva P.L.C........................................ 255,520 2,027,266 # Aviva P.L.C. Sponsored ADR......................... 10,982 174,504 Babcock International Group P.L.C.................. 47,748 722,019 BAE Systems P.L.C.................................. 197,334 1,502,228 Balfour Beatty P.L.C............................... 238,890 797,674 Bank of Georgia Holdings P.L.C..................... 10,940 333,985 Barclays P.L.C..................................... 261,975 920,063 Barclays P.L.C. Sponsored ADR...................... 153,109 2,149,650 Barratt Developments P.L.C......................... 440,009 3,028,792 BBA Aviation P.L.C................................. 121,785 621,087 Beazley P.L.C...................................... 230,795 999,939 Bellway P.L.C...................................... 41,816 1,144,735 Berendsen P.L.C.................................... 59,080 988,728 Berkeley Group Holdings P.L.C...................... 43,823 1,597,382 Betfair Group P.L.C................................ 11,737 283,815 BG Group P.L.C..................................... 132,145 1,762,533 BHP Billiton P.L.C................................. 3,376 73,328 # BHP Billiton P.L.C. ADR............................ 35,846 1,566,112 Bloomsbury Publishing P.L.C........................ 1,815 4,054 Bodycote P.L.C..................................... 77,304 790,475 Booker Group P.L.C................................. 295,210 662,707 Boot Henry P.L.C................................... 736 2,328 Bovis Homes Group P.L.C............................ 53,833 672,026 BP P.L.C........................................... 311,879 2,003,521 BP P.L.C. Sponsored ADR............................ 150,089 5,827,956 Braemar Shipping Services P.L.C.................... 1,625 11,360 Brammer P.L.C...................................... 11,857 61,569 Brewin Dolphin Holdings P.L.C...................... 106,858 469,830 British Polythene Industries P.L.C................. 9,952 96,242 Britvic P.L.C...................................... 68,940 729,575 * BTG P.L.C.......................................... 82,669 982,205 Bunzl P.L.C........................................ 18,629 530,683 Burberry Group P.L.C............................... 27,349 710,512 Bwin.Party Digital Entertainment P.L.C............. 311,258 499,023 Cable & Wireless Communications P.L.C.............. 820,162 615,772 * Cairn Energy P.L.C................................. 13,833 39,868 Cape P.L.C......................................... 58,983 185,338 Capita P.L.C....................................... 29,905 502,211 Capital & Counties Properties P.L.C................ 1,729 9,992 Capital & Regional P.L.C........................... 34,857 28,005 Carclo P.L.C....................................... 6,128 9,428 Carillion P.L.C.................................... 156,892 805,840 Carnival P.L.C..................................... 12,712 569,131 Carnival P.L.C. ADR................................ 4,499 200,475 Castings P.L.C..................................... 9,986 57,774 Catlin Group, Ltd.................................. 199,452 2,091,862 Centamin P.L.C..................................... 470,203 475,017 Centaur Media P.L.C................................ 3,412 3,288 Centrica P.L.C..................................... 364,427 1,608,226 Chemring Group P.L.C............................... 107,432 349,467 Chesnara P.L.C..................................... 49,447 261,742 Chime Communications P.L.C......................... 14,821 56,496 573 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Cineworld Group P.L.C.............................. 71,695 $ 456,982 Clarkson P.L.C..................................... 1,048 29,654 Close Brothers Group P.L.C......................... 48,136 1,098,418 Cobham P.L.C....................................... 250,041 1,225,671 Coca-Cola HBC AG................................... 28,397 456,417 * Colt Group SA...................................... 170,359 339,944 Communisis P.L.C................................... 101,723 84,201 Compass Group P.L.C................................ 1 10 Computacenter P.L.C................................ 34,211 332,541 Connect Group P.L.C................................ 43,410 92,414 Consort Medical P.L.C.............................. 13,433 171,154 Costain Group P.L.C................................ 13,402 57,937 Cranswick P.L.C.................................... 17,659 347,660 Creston P.L.C...................................... 3,606 6,758 Croda International P.L.C.......................... 25,481 1,017,618 CSR P.L.C.......................................... 55,173 706,901 CSR P.L.C. ADR..................................... 700 35,854 Daily Mail & General Trust P.L.C................... 75,853 982,658 Dairy Crest Group P.L.C............................ 66,952 492,480 Darty P.L.C........................................ 41,880 42,653 DCC P.L.C.......................................... 19,149 1,014,616 De La Rue P.L.C.................................... 8,843 68,797 Debenhams P.L.C.................................... 534,742 603,307 Dechra Pharmaceuticals P.L.C....................... 31,135 406,287 Development Securities P.L.C....................... 44,165 160,482 Devro P.L.C........................................ 80,205 339,455 # Dialight P.L.C..................................... 4,498 47,506 Dignity P.L.C...................................... 15,051 421,557 Diploma P.L.C...................................... 45,922 526,452 Direct Line Insurance Group P.L.C.................. 62,205 291,720 Dixons Carphone P.L.C.............................. 132,443 865,527 Domino Printing Sciences P.L.C..................... 43,716 448,388 Domino's Pizza Group P.L.C......................... 36,130 365,758 Drax Group P.L.C................................... 126,853 688,299 DS Smith P.L.C..................................... 274,086 1,303,603 Dunelm Group P.L.C................................. 16,102 212,925 E2V Technologies P.L.C............................. 30,273 85,461 easyJet P.L.C...................................... 41,139 1,147,074 Electrocomponents P.L.C............................ 202,665 622,721 Elementis P.L.C.................................... 180,746 750,416 * EnQuest P.L.C...................................... 366,371 187,429 * Enterprise Inns P.L.C.............................. 251,872 391,048 Essentra P.L.C..................................... 62,316 775,885 Euromoney Institutional Investor P.L.C............. 6,670 107,500 Evraz P.L.C........................................ 98,115 251,090 Experian P.L.C..................................... 53,125 936,118 Fenner P.L.C....................................... 78,601 218,267 Ferrexpo P.L.C..................................... 79,470 59,929 Fidessa Group P.L.C................................ 11,070 399,295 * Findel P.L.C....................................... 17,993 57,130 * Firstgroup P.L.C................................... 514,863 768,398 * Fortune Oil P.L.C.................................. 427,324 63,162 * French Connection Group P.L.C...................... 9,786 8,605 574 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Fresnillo P.L.C.................................... 219 $ 2,958 Friends Life Group, Ltd............................ 461,924 2,762,248 Fuller Smith & Turner.............................. 7,612 112,219 G4S P.L.C.......................................... 203,272 871,044 Galliford Try P.L.C................................ 32,473 643,022 * Gem Diamonds, Ltd.................................. 64,607 137,378 Genus P.L.C........................................ 10,956 201,796 GKN P.L.C.......................................... 225,194 1,243,708 Glencore P.L.C..................................... 248,409 926,214 Go-Ahead Group P.L.C............................... 11,868 440,677 Grafton Group P.L.C................................ 72,417 728,813 Greencore Group P.L.C.............................. 182,651 847,120 Greene King P.L.C.................................. 81,018 1,023,637 Greggs P.L.C....................................... 52,965 654,190 Halfords Group P.L.C............................... 96,461 643,580 Halma P.L.C........................................ 102,458 1,072,082 Hargreaves Lansdown P.L.C.......................... 15,573 236,065 Hays P.L.C......................................... 393,986 918,063 Headlam Group P.L.C................................ 17,739 120,006 Helical Bar P.L.C.................................. 49,359 283,457 Henderson Group P.L.C.............................. 241,450 860,709 Hikma Pharmaceuticals P.L.C........................ 31,569 1,118,622 Hill & Smith Holdings P.L.C........................ 34,743 318,255 Hilton Food Group P.L.C............................ 435 2,568 Hiscox, Ltd........................................ 101,931 1,125,886 * Hochschild Mining P.L.C............................ 52,650 71,814 Hogg Robinson Group P.L.C.......................... 4,980 3,388 Home Retail Group P.L.C............................ 419,176 1,210,775 Homeserve P.L.C.................................... 110,829 561,222 Howden Joinery Group P.L.C......................... 182,448 1,164,301 HSBC Holdings P.L.C................................ 22,970 210,157 HSBC Holdings P.L.C. Sponsored ADR................. 194,853 8,908,679 Hunting P.L.C...................................... 45,724 272,206 Huntsworth P.L.C................................... 36,761 25,086 ICAP P.L.C......................................... 152,908 1,073,726 IG Group Holdings P.L.C............................ 100,045 1,085,544 * Imagination Technologies Group P.L.C............... 42,876 157,936 IMI P.L.C.......................................... 16,892 323,470 Imperial Tobacco Group P.L.C....................... 24,337 1,143,084 Inchcape P.L.C..................................... 153,636 1,604,867 Informa P.L.C...................................... 187,882 1,444,619 Inmarsat P.L.C..................................... 110,029 1,378,695 Innovation Group P.L.C............................. 337,825 148,666 InterContinental Hotels Group P.L.C................ 10,739 428,233 InterContinental Hotels Group P.L.C. ADR........... 1,347 53,560 * International Consolidated Airlines Group SA....... 189,265 1,541,788 * International Ferro Metals, Ltd.................... 82,212 4,984 Interserve P.L.C................................... 61,580 494,621 Intertek Group P.L.C............................... 10,066 346,683 Investec P.L.C..................................... 156,294 1,313,218 * IP Group P.L.C..................................... 29,743 105,099 ITE Group P.L.C.................................... 63,503 124,898 ITV P.L.C.......................................... 239,315 792,018 575 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) J Sainsbury P.L.C.................................. 268,940 $1,030,581 James Fisher & Sons P.L.C.......................... 15,830 262,203 Jardine Lloyd Thompson Group P.L.C................. 29,157 414,270 JD Sports Fashion P.L.C............................ 20,342 153,606 JD Wetherspoon P.L.C............................... 45,057 536,293 #* JKX Oil & Gas P.L.C................................ 65,541 12,594 John Menzies P.L.C................................. 13,641 76,341 John Wood Group P.L.C.............................. 101,545 872,211 Johnson Matthey P.L.C.............................. 24,671 1,206,940 * Johnston Press P.L.C............................... 1,448 3,634 Jupiter Fund Management P.L.C...................... 95,513 543,307 * KAZ Minerals P.L.C................................. 116,394 350,853 Kcom Group P.L.C................................... 185,328 230,685 Keller Group P.L.C................................. 35,087 469,714 Kier Group P.L.C................................... 19,189 451,719 Kingfisher P.L.C................................... 179,266 922,174 Ladbrokes P.L.C.................................... 278,530 485,254 Laird P.L.C........................................ 124,397 596,358 * Lamprell P.L.C..................................... 130,782 213,541 Lancashire Holdings, Ltd........................... 71,955 659,855 Laura Ashley Holdings P.L.C........................ 22,105 9,898 Lavendon Group P.L.C............................... 37,311 88,775 Legal & General Group P.L.C........................ 493,055 1,980,169 * Liberty Global P.L.C. Class A...................... 2,331 108,897 * Liberty Global P.L.C. Series C..................... 5,750 262,164 * Lloyds Banking Group P.L.C......................... 3,611,001 4,000,317 * Lloyds Banking Group P.L.C. ADR.................... 123,780 543,394 London Stock Exchange Group P.L.C.................. 31,216 1,108,384 * Lonmin P.L.C....................................... 219,185 536,807 Lookers P.L.C...................................... 120,376 270,607 Low & Bonar P.L.C.................................. 33,427 25,767 LSL Property Services P.L.C........................ 3,008 12,510 Man Group P.L.C.................................... 1,063,704 2,863,645 Management Consulting Group P.L.C.................. 29,849 6,756 Marks & Spencer Group P.L.C........................ 88,939 646,509 Marshalls P.L.C.................................... 56,963 209,382 Marston's P.L.C.................................... 291,486 642,998 McBride P.L.C...................................... 40,404 48,918 Mears Group P.L.C.................................. 27,942 174,839 #* Mecom Group P.L.C.................................. 48,620 111,859 Meggitt P.L.C...................................... 162,659 1,314,917 Melrose Industries P.L.C........................... 317,554 1,264,092 Michael Page International P.L.C................... 59,999 419,843 Micro Focus International P.L.C.................... 21,636 342,826 Millennium & Copthorne Hotels P.L.C................ 63,119 547,391 * Mitchells & Butlers P.L.C.......................... 86,201 551,362 Mitie Group P.L.C.................................. 195,549 794,341 MJ Gleeson P.L.C................................... 400 2,180 Mondi P.L.C........................................ 71,384 1,273,410 Moneysupermarket.com Group P.L.C................... 115,127 454,478 Morgan Advanced Materials P.L.C.................... 142,822 652,095 Morgan Sindall Group P.L.C......................... 20,115 201,853 * Mothercare P.L.C................................... 32,090 86,508 576 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) N Brown Group P.L.C................................ 43,294 $ 280,504 National Express Group P.L.C....................... 188,920 724,665 NCC Group P.L.C.................................... 35,776 121,483 Next P.L.C......................................... 7,103 771,869 Northgate P.L.C.................................... 75,326 700,207 Novae Group P.L.C.................................. 20,960 189,128 Old Mutual P.L.C................................... 807,532 2,519,395 * Optos P.L.C........................................ 10,238 38,744 Oxford Instruments P.L.C........................... 18,136 202,766 Pace P.L.C......................................... 165,760 831,883 PayPoint P.L.C..................................... 11,221 139,926 Pearson P.L.C...................................... 15,716 318,874 Pearson P.L.C. Sponsored ADR....................... 19,843 402,019 Pendragon P.L.C.................................... 194,595 104,414 # Pennon Group P.L.C................................. 46,733 624,687 Persimmon P.L.C.................................... 72,019 1,724,058 * Petra Diamonds, Ltd................................ 169,369 390,517 Petrofac, Ltd...................................... 30,926 327,648 #* Petropavlovsk P.L.C................................ 109,298 22,229 Phoenix Group Holdings............................. 71,931 905,941 Phoenix IT Group P.L.C............................. 10,671 22,620 Photo-Me International P.L.C....................... 34,931 71,319 Playtech P.L.C..................................... 28,736 292,480 Premier Farnell P.L.C.............................. 116,084 295,121 * Premier Foods P.L.C................................ 252,475 164,284 Premier Oil P.L.C.................................. 179,695 389,595 Prudential P.L.C................................... 63,229 1,537,122 Prudential P.L.C. ADR.............................. 800 38,832 * Punch Taverns P.L.C................................ 6,980 11,502 PZ Cussons P.L.C................................... 39,640 187,946 QinetiQ Group P.L.C................................ 183,372 515,261 * Quintain Estates & Development P.L.C............... 258,568 374,597 Randgold Resources, Ltd............................ 10,874 933,312 Rank Group P.L.C................................... 1,366 3,610 * Raven Russia, Ltd.................................. 27,579 15,458 REA Holdings P.L.C................................. 1,822 9,024 Redrow P.L.C....................................... 100,282 425,350 Reed Elsevier P.L.C................................ 10,159 176,371 # Reed Elsevier P.L.C. Sponsored ADR................. 6,129 425,966 Regus P.L.C........................................ 187,500 570,057 Renishaw P.L.C..................................... 8,493 295,977 * Renold P.L.C....................................... 12,120 10,229 Rentokil Initial P.L.C............................. 224,093 407,984 Restaurant Group P.L.C. (The)...................... 55,385 597,604 Rexam P.L.C........................................ 170,712 1,090,895 Ricardo P.L.C...................................... 15,777 158,839 Rightmove P.L.C.................................... 19,077 666,446 Rio Tinto P.L.C.................................... 5,471 240,412 # Rio Tinto P.L.C. Sponsored ADR..................... 47,600 2,100,588 RM P.L.C........................................... 8,611 20,193 Robert Walters P.L.C............................... 16,237 81,878 Rolls-Royce Holdings P.L.C......................... 73,150 977,286 Rotork P.L.C....................................... 23,611 816,197 577 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) * Royal Bank of Scotland Group P.L.C................. 146,144 $ 793,522 # Royal Dutch Shell P.L.C.(B03MM73).................. 80,780 5,169,112 Royal Dutch Shell P.L.C.(B03MLX2).................. 582 17,737 Royal Dutch Shell P.L.C.(B03MM40).................. 6,539 207,025 Royal Dutch Shell P.L.C. ADR....................... 80,746 4,961,842 Royal Mail P.L.C................................... 6,221 40,661 RPC Group P.L.C.................................... 106,830 869,632 RPS Group P.L.C.................................... 94,111 257,933 * RSA Insurance Group P.L.C.......................... 287,221 1,959,932 SABMiller P.L.C.................................... 11,226 611,438 Sage Group P.L.C. (The)............................ 137,205 989,091 * Salamander Energy P.L.C............................ 95,499 100,720 Savills P.L.C...................................... 53,118 582,918 Schroders P.L.C.(0239581).......................... 4,732 159,182 Schroders P.L.C.(0240549).......................... 6,245 271,380 * SDL P.L.C.......................................... 22,182 141,371 Senior P.L.C....................................... 172,526 801,511 Sepura P.L.C....................................... 6,972 15,742 Serco Group P.L.C.................................. 31,940 74,004 * Severfield P.L.C................................... 65,902 67,111 Severn Trent P.L.C................................. 12,799 414,364 Shanks Group P.L.C................................. 217,717 321,832 SIG P.L.C.......................................... 254,991 707,169 Sky P.L.C.......................................... 45,188 630,154 * Skyepharma P.L.C................................... 3,686 14,514 Smith & Nephew P.L.C............................... 41,932 747,769 Smith & Nephew P.L.C. Sponsored ADR................ 3,930 140,694 Smiths Group P.L.C................................. 44,545 753,881 Soco International P.L.C........................... 79,470 312,044 Spectris P.L.C..................................... 33,211 1,043,628 Speedy Hire P.L.C.................................. 241,247 263,724 Spirax-Sarco Engineering P.L.C..................... 18,290 839,476 Spirent Communications P.L.C....................... 122,722 163,851 Spirit Pub Co. P.L.C............................... 301,511 521,824 * Sportech P.L.C..................................... 2,757 2,635 * Sports Direct International P.L.C.................. 27,263 290,758 SSE P.L.C.......................................... 60,278 1,458,646 St Ives P.L.C...................................... 23,231 62,420 St James's Place P.L.C............................. 61,803 795,148 ST Modwen Properties P.L.C......................... 92,934 584,540 Stagecoach Group P.L.C............................. 119,857 617,029 Standard Chartered P.L.C........................... 101,430 1,352,558 Standard Life P.L.C................................ 152,747 922,873 Sthree P.L.C....................................... 12,874 65,432 Stobart Group, Ltd................................. 36,371 57,959 * SuperGroup P.L.C................................... 12,068 174,692 Synergy Health P.L.C............................... 24,232 790,516 Synthomer P.L.C.................................... 99,264 362,856 # TalkTalk Telecom Group P.L.C....................... 145,284 693,879 Tate & Lyle P.L.C.................................. 121,401 1,238,159 Taylor Wimpey P.L.C................................ 806,652 1,638,765 Ted Baker P.L.C.................................... 6,045 215,495 Telecity Group P.L.C............................... 48,922 633,798 578 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ UNITED KINGDOM -- (Continued) Telecom Plus P.L.C................................. 13,385 $ 219,167 Tesco P.L.C........................................ 291,471 985,656 * Thomas Cook Group P.L.C............................ 420,590 807,555 #* Thorntons P.L.C.................................... 16,023 20,032 Topps Tiles P.L.C.................................. 40,602 73,634 Travis Perkins P.L.C............................... 57,999 1,673,634 Tribal Group P.L.C................................. 1,288 3,114 Trifast P.L.C...................................... 26,856 42,778 * Trinity Mirror P.L.C............................... 137,803 357,322 TT electronics P.L.C............................... 69,537 115,440 # TUI AG(5666292).................................... 86,705 1,524,708 * TUI AG(BSS7HQ3).................................... 48,166 832,849 Tullett Prebon P.L.C............................... 95,981 482,712 Tullow Oil P.L.C................................... 20,388 112,162 UBM P.L.C.......................................... 120,651 958,042 UDG Healthcare P.L.C............................... 96,979 571,991 Ultra Electronics Holdings P.L.C................... 20,195 530,515 UNITE Group P.L.C. (The)........................... 43,273 318,718 United Utilities Group P.L.C....................... 31,519 486,460 UTV Media P.L.C.................................... 21,346 61,402 * Vectura Group P.L.C................................ 110,606 251,658 Vedanta Resources P.L.C............................ 54,137 302,518 Vesuvius P.L.C..................................... 119,522 789,159 Victrex P.L.C...................................... 19,176 592,794 Vitec Group P.L.C. (The)........................... 5,880 54,612 Vodafone Group P.L.C............................... 423,141 1,487,966 Vodafone Group P.L.C. Sponsored ADR................ 100,243 3,521,543 * Volex P.L.C........................................ 2,165 2,153 Weir Group P.L.C. (The)............................ 23,833 600,874 WH Smith P.L.C..................................... 34,729 703,382 Whitbread P.L.C.................................... 16,928 1,270,630 William Hill P.L.C................................. 242,207 1,372,245 * Wincanton P.L.C.................................... 20,201 53,771 WM Morrison Supermarkets P.L.C..................... 931,708 2,513,862 Wolseley P.L.C..................................... 14,878 862,404 WPP P.L.C.......................................... 6,645 146,127 WPP P.L.C. Sponsored ADR........................... 9,329 1,027,309 WS Atkins P.L.C.................................... 27,570 519,547 Xaar P.L.C......................................... 14,316 66,427 Xchanging P.L.C.................................... 109,177 257,267 XP Power, Ltd...................................... 621 13,495 ------------ TOTAL UNITED KINGDOM................................... 242,982,610 ------------ UNITED STATES -- (0.0%) #* Chaparral Gold Corp................................ 4,255 2,009 * Endo International P.L.C........................... 3,206 258,231 579 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- UNITED STATES -- (Continued) * Kofax, Ltd..................................... 5,662 $ 38,709 -------------- TOTAL UNITED STATES.................................. 298,949 -------------- TOTAL COMMON STOCKS.................................. 1,340,658,737 -------------- PREFERRED STOCKS -- (0.0%) GERMANY -- (0.0%) Porsche Automobil Holding SE................... 2,021 169,365 -------------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Centrebet International, Ltd. Claim Units...... 6,648 -- * Centrebet International, Ltd. Litigation Rights....................................... 6,648 -- -------------- TOTAL AUSTRALIA...................................... -- -------------- AUSTRIA -- (0.0%) #* Intercell AG Rights............................ 1,270 -- -------------- FRANCE -- (0.0%) #* Euro Disney SCA................................ 2,997 7,268 #* Euro Disney SCA Rights 05/06/15................ 2,997 -- * Groupe Fnac Rights 05/16/15.................... 5 28 -------------- TOTAL FRANCE......................................... 7,296 -------------- HONG KONG -- (0.0%) * International Standard Resources Holdings, Ltd. Warrants 11/26/15....................... 80,667 989 -------------- SINGAPORE -- (0.0%) * Interra Resources, Ltd. Warrants 12/08/15...... 12,500 148 * See Hup Seng, Ltd. Rights 01/21/15............. 97,500 5,549 -------------- TOTAL SINGAPORE...................................... 5,697 -------------- SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA................................. 6,875 3,496 * Banco Santander SA............................. 526,086 80,537 -------------- TOTAL SPAIN.......................................... 84,033 -------------- TOTAL RIGHTS/WARRANTS................................ 98,015 -------------- SECURITIES LENDING COLLATERAL -- (8.3%) (S)@ DFA Short Term Investment Fund................. 10,496,485 121,444,333 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,360,919,273)^^.......................... $1,462,370,450 ============== 580 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia............ $ 828,571 $ 86,835,699 -- $ 87,664,270 Austria.............. 1,981 6,017,196 -- 6,019,177 Belgium.............. 1,085,883 22,959,924 -- 24,045,807 Canada............... 120,451,830 185,806 -- 120,637,636 China................ -- 58,595 -- 58,595 Denmark.............. -- 19,723,452 -- 19,723,452 Finland.............. -- 29,491,684 -- 29,491,684 France............... 1,544,677 88,004,991 -- 89,549,668 Germany.............. 3,573,860 77,294,439 -- 80,868,299 Greece............... -- -- -- -- Hong Kong............ 317,083 41,366,812 -- 41,683,895 Ireland.............. 2,175,185 5,540,362 -- 7,715,547 Israel............... 3,728,901 6,893,862 -- 10,622,763 Italy................ 821,913 35,309,804 -- 36,131,717 Japan................ 4,911,326 296,886,161 -- 301,797,487 Netherlands.......... 4,454,506 28,682,459 -- 33,136,965 New Zealand.......... 4,366 6,645,535 -- 6,649,901 Norway............... 620,372 11,138,388 -- 11,758,760 Portugal............. -- 4,230,670 -- 4,230,670 Russia............... -- 32,057 -- 32,057 Singapore............ 56,716 19,907,209 -- 19,963,925 Spain................ 984,549 31,689,229 -- 32,673,778 Sweden............... 37,492 41,935,721 -- 41,973,213 Switzerland.......... 5,900,065 85,047,847 -- 90,947,912 United Kingdom....... 40,743,522 202,239,088 -- 242,982,610 United States........ 260,240 38,709 -- 298,949 Preferred Stocks Germany.............. -- 169,365 -- 169,365 Rights/Warrants Australia............ -- -- -- -- Austria.............. -- -- -- -- France............... -- 7,296 -- 7,296 Hong Kong............ -- 989 -- 989 Singapore............ -- 5,697 -- 5,697 Spain................ -- 84,033 -- 84,033 Securities Lending Collateral............ -- 121,444,333 -- 121,444,333 ------------ -------------- -- -------------- TOTAL................... $192,503,038 $1,269,867,412 -- $1,462,370,450 ============ ============== == ============== 581 WORLD EX U.S. VALUE PORTFOLIO SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ------------ AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in The DFA International Value Series of The DFA Investment Trust Company........................... $ 77,383,213 Investment in Dimensional Emerging Markets Value Fund.... 25,214,640 Investment in DFA International Small Cap Value Portfolio of DFA Investment Dimensions Group Inc....... 487,913 9,016,632 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $108,184,913)................................. 111,614,485 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $108,184,913)^^............................... $111,614,485 ============ 582 WORLD EX U.S. VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------- ------- ------------ Affiliated Investment Companies............ $111,614,485 -- -- $111,614,485 ------------ -- -- ------------ TOTAL................. $111,614,485 -- -- $111,614,485 ============ == == ============ 583 WORLD EX U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ------------ AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in DFA International Small Cap Value Portfolio of DFA Investment Dimensions Group Inc...... 6,003,405 $110,942,932 Investment in Dimensional Emerging Markets Value Fund... 40,170,533 Investment in International Vector Equity Portfolio of DFA Investment Dimensions Group Inc................... 1,502,973 16,036,723 Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company...................... 10,630,731 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $177,916,205)................................ 177,780,919 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $177,916,205)^^.............................. $177,780,919 ============ 584 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------- ------- ------------ Affiliated Investment Companies.......... $177,780,919 -- -- $177,780,919 ------------ -- -- ------------ TOTAL................. $177,780,919 -- -- $177,780,919 ============ == == ============ 585 WORLD EX U.S. CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (72.4%) AUSTRALIA -- (4.3%) Adelaide Brighton, Ltd............................. 28,808 $ 79,837 AGL Energy, Ltd.................................... 11,106 122,773 Ainsworth Game Technology, Ltd..................... 4,323 9,849 ALS, Ltd........................................... 11,500 43,423 * Alumina, Ltd....................................... 174,788 261,625 * Alumina, Ltd. Sponsored ADR........................ 12,241 72,834 Amalgamated Holdings, Ltd.......................... 4,438 40,533 Amcom Telecommunications, Ltd...................... 10,353 22,935 Amcor, Ltd......................................... 19,181 189,570 Amcor, Ltd. Sponsored ADR.......................... 793 31,347 AMP, Ltd........................................... 132,473 590,779 Ansell, Ltd........................................ 7,858 137,929 APA Group.......................................... 36,493 230,043 * APN News & Media, Ltd.............................. 31,367 19,732 ARB Corp., Ltd..................................... 2,297 20,585 Aristocrat Leisure, Ltd............................ 16,413 88,915 Arrium, Ltd........................................ 165,393 26,101 Asciano, Ltd....................................... 40,922 190,522 ASX, Ltd........................................... 7,718 228,111 Aurizon Holdings, Ltd.............................. 21,951 83,939 AusNet Services.................................... 82,351 89,387 Australia & New Zealand Banking Group, Ltd......... 52,347 1,336,286 * Australian Agricultural Co., Ltd................... 17,377 21,577 Automotive Holdings Group, Ltd..................... 16,558 48,424 * AWE, Ltd........................................... 31,658 32,869 Bank of Queensland, Ltd............................ 27,703 268,354 Beach Energy, Ltd.................................. 80,536 59,958 Bendigo and Adelaide Bank, Ltd..................... 37,325 386,539 BHP Billiton, Ltd.................................. 72,637 1,675,353 BHP Billiton, Ltd. Sponsored ADR................... 13,830 640,744 * Billabong International, Ltd....................... 23,376 11,654 * BlueScope Steel, Ltd............................... 27,892 108,054 Boral, Ltd......................................... 66,894 289,526 Bradken, Ltd....................................... 8,854 18,674 Brambles, Ltd...................................... 25,418 208,239 Breville Group, Ltd................................ 4,022 22,561 Brickworks, Ltd.................................... 1,408 13,273 BT Investment Management, Ltd...................... 2,387 13,346 Cabcharge Australia, Ltd........................... 7,835 26,352 Caltex Australia, Ltd.............................. 5,357 138,640 Cardno, Ltd........................................ 5,080 11,602 carsales.com, Ltd.................................. 10,170 80,982 Cash Converters International, Ltd................. 18,340 15,755 Challenger, Ltd.................................... 13,504 65,697 Coca-Cola Amatil, Ltd.............................. 24,574 184,449 Cochlear, Ltd...................................... 2,331 149,821 Commonwealth Bank of Australia..................... 15,455 1,068,636 Computershare, Ltd................................. 19,789 177,804 Credit Corp. Group, Ltd............................ 1,181 10,730 Crown Resorts, Ltd................................. 4,323 45,423 CSL, Ltd........................................... 6,535 444,730 586 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) CSR, Ltd........................................... 32,216 $ 99,514 Decmil Group, Ltd.................................. 7,114 6,903 Domino's Pizza Enterprises, Ltd.................... 4,423 89,419 Downer EDI, Ltd.................................... 28,177 91,488 * Drillsearch Energy, Ltd............................ 33,447 20,156 DuluxGroup, Ltd.................................... 25,127 116,392 Echo Entertainment Group, Ltd...................... 35,042 109,491 Fairfax Media, Ltd................................. 60,281 41,933 Flight Centre Travel Group, Ltd.................... 2,984 87,107 Fortescue Metals Group, Ltd........................ 72,504 131,471 GrainCorp, Ltd. Class A............................ 9,393 64,836 GUD Holdings, Ltd.................................. 9,939 60,449 GWA Group, Ltd..................................... 11,670 23,898 Harvey Norman Holdings, Ltd........................ 54,502 166,464 Hills, Ltd......................................... 10,276 8,623 iiNET, Ltd......................................... 13,019 75,559 Iluka Resources, Ltd............................... 22,969 124,737 Incitec Pivot, Ltd................................. 131,601 367,051 Independence Group NL.............................. 8,507 32,755 Infomedia, Ltd..................................... 9,661 6,877 Insurance Australia Group, Ltd..................... 90,724 449,423 Invocare, Ltd...................................... 8,837 89,183 IOOF Holdings, Ltd................................. 10,158 74,123 Iress, Ltd......................................... 9,433 75,465 James Hardie Industries P.L.C.(B60QWJ2)............ 14,899 149,389 James Hardie Industries P.L.C.(B3LCV80)............ 209 10,569 JB Hi-Fi, Ltd...................................... 7,951 103,066 Leighton Holdings, Ltd............................. 7,116 113,240 Lend Lease Group................................... 14,116 181,950 M2 Group, Ltd...................................... 11,689 81,419 Macquarie Atlas Roads Group........................ 4,531 10,334 Macquarie Group, Ltd............................... 18,370 888,810 Magellan Financial Group, Ltd...................... 7,223 106,405 McMillan Shakespeare, Ltd.......................... 2,338 20,775 Metcash, Ltd....................................... 84,375 95,249 Mineral Resources, Ltd............................. 9,782 50,670 MMA Offshore, Ltd.................................. 13,779 8,516 Monadelphous Group, Ltd............................ 4,025 25,354 Mount Gibson Iron, Ltd............................. 44,627 7,350 Myer Holdings, Ltd................................. 37,260 44,881 National Australia Bank, Ltd....................... 44,187 1,218,608 Navitas, Ltd....................................... 16,427 67,875 New Hope Corp., Ltd................................ 10,182 18,551 * Newcrest Mining, Ltd............................... 26,436 285,442 NIB Holdings, Ltd.................................. 16,419 42,157 Northern Star Resources, Ltd....................... 31,748 45,932 Nufarm, Ltd........................................ 11,546 50,736 Oil Search, Ltd.................................... 15,907 95,725 Orica, Ltd......................................... 10,429 146,390 Origin Energy, Ltd................................. 34,880 287,823 Orora, Ltd......................................... 15,339 25,242 OZ Minerals, Ltd................................... 10,054 30,032 Pacific Brands, Ltd................................ 61,951 23,500 587 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) * Paladin Energy, Ltd................................ 80,888 $ 23,652 Perpetual, Ltd..................................... 2,779 105,440 Platinum Asset Management, Ltd..................... 6,030 40,529 Premier Investments, Ltd........................... 5,572 44,274 Primary Health Care, Ltd........................... 20,862 74,718 Programmed Maintenance Services, Ltd............... 6,171 10,394 * Qantas Airways, Ltd................................ 85,806 172,905 QBE Insurance Group, Ltd........................... 42,066 344,852 Qube Holdings, Ltd................................. 52,306 94,796 Ramsay Health Care, Ltd............................ 2,804 129,037 RCR Tomlinson, Ltd................................. 7,722 12,320 REA Group, Ltd..................................... 2,725 104,237 Reject Shop, Ltd. (The)............................ 1,714 7,744 Rio Tinto, Ltd..................................... 12,641 563,688 SAI Global, Ltd.................................... 15,005 45,603 Sandfire Resources NL.............................. 11,362 37,483 Santos, Ltd........................................ 22,707 138,241 Seek, Ltd.......................................... 9,818 135,120 Select Harvests, Ltd............................... 2,251 11,557 * Senex Energy, Ltd.................................. 51,326 10,958 Seven Group Holdings, Ltd.......................... 5,499 21,796 Seven West Media, Ltd.............................. 21,527 21,820 Sigma Pharmaceuticals, Ltd......................... 51,203 31,775 Sims Metal Management, Ltd......................... 22,813 191,926 Sirtex Medical, Ltd................................ 3,827 79,793 Skilled Group, Ltd................................. 12,188 12,314 Slater & Gordon, Ltd............................... 3,989 20,472 SMS Management & Technology, Ltd................... 5,322 14,881 Sonic Healthcare, Ltd.............................. 8,693 126,910 Southern Cross Media Group, Ltd.................... 28,070 22,839 Spark Infrastructure Group......................... 86,710 143,584 Steadfast Group, Ltd............................... 497 563 STW Communications Group, Ltd...................... 23,694 16,852 Suncorp Group, Ltd................................. 38,793 441,999 * Sundance Energy Australia, Ltd..................... 21,099 7,597 Super Retail Group, Ltd............................ 20,811 140,454 Sydney Airport..................................... 11,309 43,700 Tabcorp Holdings, Ltd.............................. 49,030 173,299 Tassal Group, Ltd.................................. 5,775 16,867 Tatts Group, Ltd................................... 98,364 294,375 Technology One, Ltd................................ 8,972 23,044 Telstra Corp., Ltd................................. 30,250 152,581 Telstra Corp., Ltd. ADR............................ 939 23,729 * Ten Network Holdings, Ltd.......................... 107,401 16,587 Toll Holdings, Ltd................................. 43,131 206,253 Tox Free Solutions, Ltd............................ 7,642 17,264 TPG Telecom, Ltd................................... 10,978 56,779 * Transfield Services, Ltd........................... 29,865 32,700 Transpacific Industries Group, Ltd................. 80,226 51,323 Transurban Group................................... 25,232 180,449 Treasury Wine Estates, Ltd......................... 50,116 190,532 UGL, Ltd........................................... 5,653 7,848 Village Roadshow, Ltd.............................. 3,270 15,426 588 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- AUSTRALIA -- (Continued) * Virgin Australia Holdings, Ltd..................... 88,827 $ 32,407 Virtus Health, Ltd................................. 2,239 13,920 Vocus Communications, Ltd.......................... 3,003 14,453 Washington H Soul Pattinson & Co., Ltd............. 3,710 37,373 Wesfarmers, Ltd.................................... 14,344 484,525 Western Areas, Ltd................................. 20,008 61,983 Westpac Banking Corp............................... 25,319 676,677 Westpac Banking Corp. Sponsored ADR................ 6,839 182,943 Woodside Petroleum, Ltd............................ 25,605 680,043 Woolworths, Ltd.................................... 21,478 528,546 WorleyParsons, Ltd................................. 6,027 44,841 ----------- TOTAL AUSTRALIA........................................ 24,469,718 ----------- AUSTRIA -- (0.3%) Andritz AG......................................... 2,760 149,403 Atrium European Real Estate, Ltd................... 3,229 15,047 BUWOG AG........................................... 776 15,156 CA Immobilien Anlagen AG........................... 1,234 24,993 Conwert Immobilien Invest SE....................... 3,527 41,039 Erste Group Bank AG................................ 7,552 163,495 EVN AG............................................. 1,283 14,188 * IMMOFINANZ AG...................................... 8,733 19,956 Lenzing AG......................................... 567 36,773 Mayr Melnhof Karton AG............................. 404 41,697 Oesterreichische Post AG........................... 2,352 116,586 OMV AG............................................. 6,302 156,673 Raiffeisen Bank International AG................... 4,511 52,711 RHI AG............................................. 1,629 42,730 S IMMO AG.......................................... 2,053 15,890 Schoeller-Bleckmann Oilfield Equipment AG.......... 431 25,494 Semperit AG Holding................................ 498 21,991 Strabag SE......................................... 1,097 24,309 UNIQA Insurance Group AG........................... 6,724 56,913 Verbund AG......................................... 3,560 62,309 Vienna Insurance Group AG Wiener Versicherung Gruppe........................................... 2,689 114,129 Voestalpine AG..................................... 6,969 248,184 Wienerberger AG.................................... 7,538 106,514 Zumtobel Group AG.................................. 1,405 32,238 ----------- TOTAL AUSTRIA.......................................... 1,598,418 ----------- BELGIUM -- (1.3%) Ackermans & van Haaren NV.......................... 2,141 254,462 Ageas.............................................. 15,798 540,984 * AGFA-Gevaert NV.................................... 12,167 28,420 Anheuser-Busch InBev NV............................ 13,963 1,703,012 Anheuser-Busch InBev NV Sponsored ADR.............. 3,085 376,586 Banque Nationale de Belgique....................... 8 31,556 Barco NV........................................... 1,428 91,906 Belgacom SA........................................ 10,941 407,489 Cie d'Entreprises CFE.............................. 993 94,553 Cie Maritime Belge SA.............................. 565 8,846 Colruyt SA......................................... 7,532 347,400 589 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- BELGIUM -- (Continued) D'ieteren SA....................................... 2,000 $ 64,580 Delhaize Group SA.................................. 7,600 632,217 Delhaize Group SA Sponsored ADR.................... 6,398 132,375 Econocom Group..................................... 2,321 19,004 Elia System Operator SA............................ 1,992 87,485 * Euronav NV......................................... 8,643 101,335 Exmar NV........................................... 2,035 17,928 Fagron............................................. 1,269 51,811 * Ion Beam Applications.............................. 874 17,147 * KBC Groep NV....................................... 7,282 391,663 Kinepolis Group NV................................. 1,476 64,799 Melexis NV......................................... 1,563 78,235 * Mobistar SA........................................ 4,002 88,934 NV Bekaert SA...................................... 4,588 138,470 * Nyrstar NV......................................... 36,553 137,424 Recticel SA........................................ 1,837 10,609 Sipef SA........................................... 276 16,145 Solvay SA.......................................... 3,794 518,702 * Telenet Group Holding NV........................... 1,806 100,436 * Tessenderlo Chemie NV.............................. 4,525 117,119 UCB SA............................................. 3,251 252,729 Umicore SA......................................... 8,597 360,051 Van de Velde NV.................................... 369 20,072 * Viohalco SA........................................ 4,480 11,284 ---------- TOTAL BELGIUM.......................................... 7,315,768 ---------- CANADA -- (6.1%) Absolute Software Corp............................. 2,300 15,928 * Advantage Oil & Gas, Ltd........................... 18,500 77,599 Aecon Group, Inc................................... 5,200 40,104 AG Growth International, Inc....................... 700 29,802 AGF Management, Ltd. Class B....................... 6,100 34,564 Agnico Eagle Mines, Ltd.(008474108)................ 2,455 82,783 Agnico Eagle Mines, Ltd.(2009823).................. 3,800 128,112 Agrium, Inc.(008916108)............................ 3,100 330,615 Agrium, Inc.(2213538).............................. 2,400 256,054 AGT Food & Ingredient, Inc......................... 1,100 24,282 Aimia, Inc......................................... 4,900 52,559 * Air Canada......................................... 1,700 15,720 Alacer Gold Corp................................... 29,799 69,884 * Alamos Gold, Inc.(011527108)....................... 3,100 16,430 Alamos Gold, Inc.(2411707)......................... 11,800 62,961 Algonquin Power & Utilities Corp................... 10,500 83,623 Alimentation Couche Tard, Inc. Class B............. 5,900 231,180 AltaGas, Ltd....................................... 7,507 253,680 Altus Group, Ltd................................... 1,600 23,659 * Amaya, Inc......................................... 800 20,726 ARC Resources, Ltd................................. 7,800 141,182 * Argonaut Gold, Inc................................. 7,800 15,223 Atco, Ltd. Class I................................. 3,176 122,946 * Athabasca Oil Corp................................. 24,700 36,155 * ATS Automation Tooling Systems, Inc................ 4,100 46,785 AuRico Gold, Inc................................... 27,799 109,603 590 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) AutoCanada, Inc.................................... 1,000 $ 25,482 * Avigilon Corp...................................... 1,900 28,933 * B2Gold Corp........................................ 67,674 133,143 Badger Daylighting, Ltd............................ 2,100 37,349 * Ballard Power Systems, Inc......................... 4,200 6,577 Bank of Montreal(063671101)........................ 1,600 91,968 Bank of Montreal(2076009).......................... 7,500 430,452 Bank of Nova Scotia................................ 7,000 336,366 Bank of Nova Scotia (The).......................... 10,102 485,300 * Bankers Petroleum, Ltd............................. 26,400 60,666 Barrick Gold Corp.(067901108)...................... 17,900 228,762 Barrick Gold Corp.(2024644)........................ 31,298 400,246 Baytex Energy Corp.(07317Q105)..................... 3,100 48,484 Baytex Energy Corp.(B4VGVM3)....................... 900 13,967 BCE, Inc.(05534B760)............................... 500 22,975 BCE, Inc.(B188TH2)................................. 1,600 73,484 * Bellatrix Exploration, Ltd......................... 6,000 12,135 * Birchcliff Energy, Ltd............................. 8,900 47,627 Bird Construction, Inc............................. 1,742 15,231 Black Diamond Group, Ltd........................... 2,500 19,891 * BlackBerry, Ltd.(09228F103)........................ 8,900 90,335 * BlackBerry, Ltd.(BCBHZ31).......................... 6,000 60,959 * BlackPearl Resources, Inc.......................... 13,000 9,412 Bombardier, Inc. Class B........................... 45,398 103,608 Bonavista Energy Corp.............................. 8,700 41,080 Bonterra Energy Corp............................... 4,079 127,599 Boralex, Inc. Class A.............................. 1,800 19,279 Brookfield Asset Management, Inc. Class A.......... 3,900 198,729 * BRP, Inc........................................... 2,300 39,640 CAE, Inc........................................... 11,200 137,940 Calfrac Well Services, Ltd......................... 8,200 52,658 Cameco Corp.(13321L108)............................ 9,518 133,442 Cameco Corp.(2166160).............................. 4,800 67,541 Canaccord Genuity Group, Inc....................... 10,100 50,711 Canadian Energy Services & Technology Corp......... 7,300 30,850 Canadian Imperial Bank of Commerce(136069101)...... 3,198 222,005 Canadian Imperial Bank of Commerce(2170525)........ 2,500 173,487 Canadian National Railway Co.(136375102)........... 4,100 270,518 Canadian National Railway Co.(2180632)............. 2,800 184,478 Canadian Natural Resources, Ltd.(136385101)........ 29,825 863,135 Canadian Natural Resources, Ltd.(2171573).......... 13,300 385,592 Canadian Oil Sands, Ltd............................ 21,800 134,674 Canadian Pacific Railway, Ltd.(13645T100).......... 499 87,160 Canadian Pacific Railway, Ltd.(2793115)............ 1,000 174,290 Canadian Tire Corp., Ltd. Class A.................. 2,800 258,229 Canadian Utilities, Ltd. Class A................... 1,700 56,363 Canadian Western Bank.............................. 9,486 192,378 Canam Group, Inc. Class A.......................... 2,600 22,814 CanElson Drilling, Inc............................. 7,300 18,556 Canexus Corp....................................... 10,300 19,211 * Canfor Corp........................................ 5,500 137,424 Canfor Pulp Products, Inc.......................... 2,800 34,705 Canyon Services Group, Inc......................... 2,400 13,316 591 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Capital Power Corp................................. 6,000 $119,414 Capstone Infrastructure Corp....................... 6,200 16,443 * Capstone Mining Corp............................... 9,600 8,764 Cascades, Inc...................................... 7,619 47,068 * Catamaran Corp.(B3N9ZT8)........................... 2,300 114,793 * Catamaran Corp.(B8J4N87)........................... 1,000 49,933 CCL Industries, Inc. Class B....................... 1,100 113,705 * Celestica, Inc..................................... 19,298 216,262 Cenovus Energy, Inc.(15135U109).................... 15,588 294,457 Cenovus Energy, Inc.(B57FG04)...................... 4,300 81,452 Centerra Gold, Inc................................. 19,600 117,535 * Cequence Energy, Ltd............................... 13,500 9,243 Cervus Equipment Corp.............................. 700 10,538 * CGI Group, Inc. Class A(39945C109)................. 2,300 91,080 * CGI Group, Inc. Class A(2159740)................... 3,300 130,759 * China Gold International Resources Corp., Ltd...... 4,900 8,368 CI Financial Corp.................................. 3,400 86,692 Cineplex, Inc...................................... 1,600 56,901 Cogeco Cable, Inc.................................. 2,200 126,387 COM DEV International, Ltd......................... 5,400 16,404 Computer Modelling Group, Ltd...................... 6,300 54,438 Constellation Software, Inc........................ 500 138,542 * Copper Mountain Mining Corp........................ 11,200 8,726 Corus Entertainment, Inc. Class B.................. 9,500 161,262 Cott Corp.......................................... 7,400 56,256 Crescent Point Energy Corp.(22576C101)............. 1,281 30,411 Crescent Point Energy Corp.(B67C8W8)............... 16,639 395,450 * Crew Energy, Inc................................... 9,700 39,924 * DeeThree Exploration, Ltd.......................... 7,800 33,945 * Delphi Energy Corp................................. 11,600 10,681 * Denison Mines Corp................................. 26,000 22,303 * Descartes Systems Group, Inc. (The)................ 1,600 24,440 DH Corp............................................ 4,100 114,511 DHX Media, Ltd..................................... 1,300 8,737 DirectCash Payments, Inc........................... 700 9,987 Dollarama, Inc..................................... 1,600 75,990 * Dominion Diamond Corp.(257287102).................. 7,793 129,364 * Dominion Diamond Corp.(B95LX89).................... 2,800 46,516 Dorel Industries, Inc. Class B..................... 3,793 108,683 * Dundee Precious Metals, Inc........................ 6,000 16,904 Eldorado Gold Corp.(284902103)..................... 5,700 27,246 Eldorado Gold Corp.(2307873)....................... 46,800 224,664 Emera, Inc......................................... 1,000 32,722 Empire Co., Ltd.................................... 1,675 121,931 Enbridge Income Fund Holdings, Inc................. 4,405 142,720 Enbridge, Inc.(29250N105).......................... 3,499 169,457 Enbridge, Inc.(2466149)............................ 2,900 140,470 Encana Corp.(292505104)............................ 23,026 281,838 Encana Corp.(2793193).............................. 28,711 351,121 * Endeavour Mining Corp.............................. 26,500 12,513 * Endeavour Silver Corp.............................. 5,600 15,381 EnerCare, Inc...................................... 3,422 38,483 Enerflex, Ltd...................................... 6,700 84,363 592 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Enerplus Corp.(292766102).......................... 6,500 $ 63,700 Enerplus Corp.(B584T89)............................ 4,800 46,576 Enghouse Systems, Ltd.............................. 700 22,305 Ensign Energy Services, Inc........................ 10,827 75,066 * Epsilon Energy, Ltd................................ 3,400 10,649 Equitable Group, Inc............................... 600 26,159 * Essential Energy Services Trust.................... 6,700 6,907 Evertz Technologies, Ltd........................... 800 11,490 Exco Technologies, Ltd............................. 1,200 12,654 Extendicare, Inc................................... 4,400 23,615 Fairfax Financial Holdings, Ltd.................... 500 265,602 Finning International, Inc......................... 16,490 271,870 First Capital Realty, Inc.......................... 5,200 79,880 * First Majestic Silver Corp.(32076V103)............. 3,500 21,665 * First Majestic Silver Corp.(2833583)............... 3,000 18,533 First Quantum Minerals, Ltd........................ 19,282 175,870 FirstService Corp.(33761N109)...................... 1,778 93,114 FirstService Corp.(2350231)........................ 300 15,783 Fortis, Inc........................................ 4,700 155,015 * Fortuna Silver Mines, Inc.......................... 14,100 68,353 Genworth MI Canada, Inc............................ 4,400 109,489 George Weston, Ltd................................. 2,200 174,379 Gibson Energy, Inc................................. 5,400 96,084 Gildan Activewear, Inc............................. 2,200 128,430 Gluskin Sheff + Associates, Inc.................... 1,900 39,594 GMP Capital, Inc................................... 2,900 11,982 Goldcorp, Inc.(380956409).......................... 8,497 204,183 Goldcorp, Inc.(2676302)............................ 4,600 111,099 * Gran Tierra Energy, Inc............................ 17,300 37,440 * Great Canadian Gaming Corp......................... 2,400 37,302 Great-West Lifeco, Inc............................. 4,500 114,067 High Liner Foods, Inc.............................. 500 8,873 Home Capital Group, Inc............................ 1,400 46,274 Horizon North Logistics, Inc....................... 5,800 9,859 HudBay Minerals, Inc............................... 22,590 164,443 Hudson's Bay Co.................................... 2,500 46,077 Husky Energy, Inc.................................. 13,943 300,103 * IAMGOLD Corp.(450913108)........................... 6,100 16,287 * IAMGOLD Corp.(2446646)............................. 40,646 108,756 IGM Financial, Inc................................. 2,400 82,367 * Imax Corp.(45245E109).............................. 2,700 89,991 * Imax Corp.(2014258)................................ 1,200 39,996 * Imperial Metals Corp............................... 3,200 22,539 Imperial Oil, Ltd.(453038408)...................... 7,495 278,139 Imperial Oil, Ltd.(2454241)........................ 1,000 37,176 Industrial Alliance Insurance & Financial Services, Inc.................................... 8,600 273,830 Innergex Renewable Energy, Inc..................... 5,300 49,717 Intact Financial Corp.............................. 2,400 160,390 Inter Pipeline, Ltd................................ 3,400 88,405 * Interfor Corp...................................... 4,700 82,112 Intertape Polymer Group, Inc....................... 5,400 79,680 * Ithaca Energy, Inc................................. 16,600 15,807 Jean Coutu Group PJC, Inc. (The) Class A........... 3,900 78,233 593 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Just Energy Group, Inc............................. 4,900 $ 24,872 Keyera Corp........................................ 1,800 106,241 Killam Properties, Inc............................. 3,300 28,853 * Kinross Gold Corp.................................. 95,304 323,255 * Kirkland Lake Gold, Inc............................ 5,200 18,456 * Lake Shore Gold Corp............................... 31,000 27,811 Laurentian Bank of Canada.......................... 3,600 132,617 * Legacy Oil + Gas, Inc.............................. 10,100 12,241 Leisureworld Senior Care Corp...................... 1,700 19,225 Leon's Furniture, Ltd.............................. 1,615 24,339 Lightstream Resources, Ltd......................... 16,000 9,570 Linamar Corp....................................... 4,100 234,862 Liquor Stores N.A., Ltd............................ 1,100 13,262 Loblaw Cos., Ltd................................... 2,600 129,171 Long Run Exploration, Ltd.......................... 13,300 11,095 Lucara Diamond Corp................................ 19,349 31,977 * Lundin Mining Corp................................. 52,093 185,300 MacDonald Dettwiler & Associates, Ltd.............. 1,000 73,456 Magna International, Inc........................... 4,200 403,540 Major Drilling Group International, Inc............ 6,600 35,319 Mandalay Resources Corp............................ 16,500 12,076 Manitoba Telecom Services, Inc..................... 4,200 84,780 Manulife Financial Corp.(56501R106)................ 27,737 446,011 Manulife Financial Corp.(2492519).................. 15,100 242,180 Maple Leaf Foods, Inc.............................. 9,700 155,573 Martinrea International, Inc....................... 8,400 62,337 Medical Facilities Corp............................ 2,100 32,375 * MEG Energy Corp.................................... 5,100 77,782 Methanex Corp.(59151K108).......................... 3,799 167,536 Methanex Corp.(2654416)............................ 3,300 145,847 Metro, Inc......................................... 3,800 300,722 * Mitel Networks Corp................................ 2,100 18,675 Morneau Shepell, Inc............................... 3,200 43,113 MTY Food Group, Inc................................ 400 10,992 Mullen Group, Ltd.................................. 12,100 194,160 National Bank of Canada............................ 11,000 382,710 Nevsun Resources, Ltd.............................. 22,700 78,424 New Flyer Industries, Inc.......................... 3,383 36,527 * New Gold, Inc...................................... 43,531 190,814 Newalta Corp....................................... 5,098 53,159 Norbord, Inc....................................... 1,900 42,285 North West Co., Inc. (The)......................... 2,400 50,164 Northland Power, Inc............................... 4,500 60,557 * NuVista Energy, Ltd................................ 13,900 78,103 * OceanaGold Corp.................................... 29,600 65,224 Onex Corp.......................................... 2,000 109,782 Open Text Corp..................................... 2,500 141,772 Osisko Gold Royalties, Ltd......................... 2,200 29,588 Pacific Rubiales Energy Corp....................... 26,430 61,359 * Painted Pony Petroleum, Ltd........................ 9,500 51,361 Pan American Silver Corp.(697900108)............... 6,970 81,270 Pan American Silver Corp.(2669272)................. 8,361 97,908 * Paramount Resources, Ltd. Class A.................. 1,000 22,436 594 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * Parex Resources, Inc............................... 10,000 $ 54,143 Parkland Fuel Corp................................. 3,500 60,294 Pason Systems, Inc................................. 5,600 78,930 Pembina Pipeline Corp.(B4PPQG5).................... 400 12,420 Pembina Pipeline Corp.(B4PT2P8).................... 2,200 68,353 Pengrowth Energy Corp.............................. 26,900 71,976 Penn West Petroleum, Ltd.(707887105)............... 4,500 6,705 Penn West Petroleum, Ltd.(B63FY34)................. 17,800 26,895 * Performance Sports Group, Ltd...................... 900 16,772 Peyto Exploration & Development Corp............... 5,300 133,887 PHX Energy Services Corp........................... 2,400 11,767 Potash Corp. of Saskatchewan, Inc.(73755L107)...... 3,400 124,236 Potash Corp. of Saskatchewan, Inc.(2696980)........ 2,000 72,810 Precision Drilling Corp.(74022D308)................ 7,600 38,760 Precision Drilling Corp.(B5YPLH9).................. 11,100 56,692 Premium Brands Holdings Corp....................... 1,100 21,200 * Primero Mining Corp................................ 3,300 13,245 Progressive Waste Solutions, Ltd.(74339G101)....... 4,191 119,527 Progressive Waste Solutions, Ltd.(B3DJGB7)......... 4,100 116,995 Quebecor, Inc. Class B............................. 3,100 77,701 Reitmans Canada, Ltd. Class A...................... 4,500 28,685 Richelieu Hardware, Ltd............................ 500 23,310 Ritchie Bros Auctioneers, Inc.(767744105).......... 800 20,000 Ritchie Bros Auctioneers, Inc.(2345390)............ 1,600 40,104 * RMP Energy, Inc.................................... 10,100 34,416 * Rock Energy, Inc................................... 3,100 5,733 Rogers Communications, Inc. Class B(775109200)..... 1,900 67,697 Rogers Communications, Inc. Class B(2169051)....... 1,000 35,555 Rogers Sugar, Inc.................................. 6,000 21,579 RONA, Inc.......................................... 14,800 148,967 Royal Bank of Canada(780087102).................... 7,296 412,881 Royal Bank of Canada(2754383)...................... 8,100 457,302 Russel Metals, Inc................................. 8,080 148,921 * Sandstorm Gold, Ltd................................ 7,315 29,474 * Sandvine Corp...................................... 9,000 22,948 Saputo, Inc........................................ 5,000 143,779 Savanna Energy Services Corp....................... 8,000 14,165 Secure Energy Services, Inc........................ 8,035 93,268 * SEMAFO, Inc........................................ 33,200 116,267 Shaw Communications, Inc. Class B(82028K200)....... 6,300 145,782 Shaw Communications, Inc. Class B(2801836)......... 2,000 46,179 ShawCor, Ltd....................................... 5,604 153,915 Sherritt International Corp........................ 16,900 28,461 * Sierra Wireless, Inc.(826516106)................... 600 21,666 * Sierra Wireless, Inc.(2418968)..................... 1,300 47,020 * Silver Standard Resources, Inc..................... 11,200 69,014 Silver Wheaton Corp.(828336107).................... 5,475 125,761 Silver Wheaton Corp.(B058ZX6)...................... 1,900 43,646 SNC-Lavalin Group, Inc............................. 4,554 150,701 Sprott, Inc........................................ 14,800 32,612 Stantec, Inc....................................... 6,001 147,581 Stella-Jones, Inc.................................. 1,000 28,551 Student Transportation, Inc........................ 3,000 16,668 595 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Sun Life Financial, Inc.(866796105)................ 2,711 $ 82,875 Sun Life Financial, Inc.(2566124).................. 7,500 229,362 Suncor Energy, Inc.(867224107)..................... 37,966 1,131,766 Suncor Energy, Inc.(B3NB1P2)....................... 19,200 572,661 * SunOpta, Inc.(8676EP108)........................... 900 9,414 * SunOpta, Inc.(2817510)............................. 1,900 19,917 Superior Plus Corp................................. 9,600 92,170 Surge Energy, Inc.................................. 18,549 37,515 Talisman Energy, Inc.(87425E103)................... 16,700 125,584 Talisman Energy, Inc.(2068299)..................... 35,500 267,640 * Taseko Mines, Ltd.................................. 11,200 8,021 Teck Resources, Ltd. Class B(878742204)............ 6,475 83,398 Teck Resources, Ltd. Class B(2879327).............. 12,912 167,154 TELUS Corp......................................... 1,201 41,194 TELUS Corp......................................... 2,300 78,899 * Thompson Creek Metals Co., Inc..................... 20,747 25,797 Thomson Reuters Corp............................... 765 29,376 TMX Group, Ltd..................................... 1,500 55,564 TORC Oil & Gas, Ltd................................ 6,600 42,850 Toromont Industries, Ltd........................... 5,200 113,027 Toronto-Dominion Bank (The)(891160509)............. 3,800 151,354 Toronto-Dominion Bank (The)(2897222)............... 18,100 720,752 Torstar Corp. Class B.............................. 2,900 15,656 Total Energy Services, Inc......................... 1,700 17,459 * Tourmaline Oil Corp................................ 5,792 159,261 TransAlta Corp.(89346D107)......................... 4,100 35,793 TransAlta Corp.(2901628)........................... 29,073 254,420 TransCanada Corp................................... 6,100 271,420 Transcontinental, Inc. Class A..................... 8,100 96,445 TransForce, Inc.................................... 6,700 152,064 Trican Well Service, Ltd........................... 7,500 28,921 Trilogy Energy Corp................................ 1,900 9,719 Trinidad Drilling, Ltd............................. 10,700 35,956 * Turquoise Hill Resources, Ltd.(900435108).......... 7,000 20,160 * Turquoise Hill Resources, Ltd.(B7WJ1F5)............ 13,100 38,041 Twin Butte Energy, Ltd............................. 21,500 12,182 Uni-Select, Inc.................................... 500 12,395 * Valeant Pharmaceuticals International, Inc.(91911K102).................................. 1,400 223,958 * Valeant Pharmaceuticals International, Inc.(B3XSX46).................................... 1,100 175,877 Valener, Inc....................................... 2,100 27,979 Veresen, Inc....................................... 8,519 108,407 Vermilion Energy, Inc.(923725105).................. 1,744 76,387 Vermilion Energy, Inc.(B607XS1).................... 700 30,833 Wajax Corp......................................... 1,600 30,534 West Fraser Timber Co., Ltd........................ 2,800 160,812 Western Forest Products, Inc....................... 39,900 81,012 Westjet Airlines, Ltd.............................. 700 16,813 Westshore Terminals Investment Corp................ 3,400 85,622 Whistler Blackcomb Holdings, Inc................... 1,700 26,730 Whitecap Resources, Inc............................ 24,839 242,584 Wi-Lan, Inc........................................ 10,900 29,251 Winpak, Ltd........................................ 1,000 29,747 WSP Global, Inc.................................... 5,100 137,945 596 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) Yamana Gold, Inc.(98462Y100)....................... 3,700 $ 15,207 Yamana Gold, Inc.(2219279)......................... 20,100 83,203 Zargon Oil & Gas, Ltd.............................. 2,100 6,511 ----------- TOTAL CANADA........................................... 35,121,975 ----------- DENMARK -- (1.1%) ALK-Abello A.S..................................... 371 42,190 * Alm Brand A.S...................................... 7,657 39,641 Ambu A.S. Class B.................................. 1,132 24,046 AP Moeller - Maersk A.S. Class A................... 104 203,516 AP Moeller - Maersk A.S. Class B................... 169 341,507 * Auriga Industries A.S. Class B..................... 1,783 84,371 * Bang & Olufsen A.S................................. 3,580 24,759 * Bavarian Nordic A.S................................ 2,365 72,830 Carlsberg A.S. Class B............................. 3,357 246,506 Chr Hansen Holding A.S............................. 5,464 227,055 Coloplast A.S. Class B............................. 1,054 83,082 D/S Norden A.S..................................... 1,541 31,871 Danske Bank A.S.................................... 10,561 273,344 Dfds A.S........................................... 549 52,933 DSV A.S............................................ 11,943 376,177 FLSmidth & Co. A.S................................. 3,714 156,917 * Genmab A.S......................................... 1,989 133,277 GN Store Nord A.S.................................. 14,532 325,777 H Lundbeck A.S..................................... 4,400 89,362 IC Companys A.S.................................... 464 9,949 * Jyske Bank A.S..................................... 5,066 229,304 NKT Holding A.S.................................... 1,463 75,151 Novo Nordisk A.S. Class B.......................... 15,589 694,812 Novo Nordisk A.S. Sponsored ADR.................... 5,344 238,129 Novozymes A.S. Class B............................. 7,753 353,571 Pandora A.S........................................ 2,773 198,235 PER Aarsleff A.S. Class B.......................... 91 20,456 Ringkjoebing Landbobank A.S........................ 120 22,565 Rockwool International A.S. Class B................ 378 40,364 * Royal UNIBREW A.S.................................. 782 133,301 Schouw & Co........................................ 1,194 55,412 SimCorp A.S........................................ 2,772 80,561 Spar Nord Bank A.S................................. 4,277 38,563 * Sydbank A.S........................................ 5,529 155,748 TDC A.S............................................ 64,379 476,456 * Topdanmark A.S..................................... 6,822 228,281 Tryg A.S........................................... 741 86,767 United International Enterprises................... 72 10,795 * Vestas Wind Systems A.S............................ 8,345 324,233 * William Demant Holding A.S......................... 1,682 127,656 ----------- TOTAL DENMARK.......................................... 6,429,470 ----------- FINLAND -- (1.2%) Amer Sports Oyj.................................... 15,005 286,178 Cargotec Oyj....................................... 3,274 104,875 Caverion Corp...................................... 3,967 37,078 597 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FINLAND -- (Continued) Citycon Oyj........................................ 21,950 $ 74,422 Elektrobit Oyj..................................... 11,087 51,306 Elisa Oyj.......................................... 6,666 177,315 Fiskars Oyj Abp.................................... 1,855 38,950 Fortum Oyj......................................... 30,998 661,210 Huhtamaki Oyj...................................... 10,098 276,839 Kemira Oyj......................................... 12,320 140,952 Kesko Oyj Class B.................................. 7,671 280,317 Kone Oyj Class B................................... 5,685 256,406 Konecranes Oyj..................................... 2,694 82,074 Lassila & Tikanoja Oyj............................. 1,476 29,563 Metsa Board Oyj.................................... 19,110 114,188 Metso Oyj.......................................... 13,964 424,858 Neste Oil Oyj...................................... 12,990 361,231 Nokia Oyj.......................................... 85,370 656,542 Nokia Oyj Sponsored ADR............................ 1,375 10,450 Nokian Renkaat Oyj................................. 3,997 98,506 Olvi Oyj Class A................................... 566 15,379 * Oriola-KD Oyj Class B.............................. 4,702 19,166 Orion Oyj Class A.................................. 595 19,580 Orion Oyj Class B.................................. 5,889 194,158 * Outokumpu Oyj...................................... 6,863 37,132 Outotec Oyj........................................ 14,119 81,758 PKC Group Oyj...................................... 1,008 21,908 Ponsse Oy.......................................... 1,291 18,102 Raisio Oyj Class V................................. 8,792 42,242 Ramirent Oyj....................................... 4,658 38,459 Sampo Oyj Class A.................................. 7,295 353,311 Sanoma Oyj......................................... 7,100 44,710 Stockmann Oyj Abp.................................. 1,189 8,250 Stora Enso Oyj Class R............................. 62,321 604,665 Stora Enso Oyj Sponsored ADR....................... 2,680 26,023 Technopolis Oyj.................................... 9,706 43,995 Tieto Oyj.......................................... 6,206 152,508 Tikkurila Oyj...................................... 1,617 29,177 UPM-Kymmene Oyj.................................... 42,978 755,440 UPM-Kymmene Oyj Sponsored ADR...................... 1,975 34,681 Uponor Oyj......................................... 3,437 52,376 Valmet OYJ......................................... 4,252 54,751 Wartsila Oyj Abp................................... 5,390 249,867 YIT Oyj............................................ 4,244 24,719 ---------- TOTAL FINLAND.......................................... 7,085,617 ---------- FRANCE -- (5.7%) Accor SA........................................... 3,290 163,569 Aeroports de Paris................................. 434 52,073 * Air France-KLM..................................... 12,890 113,501 Air Liquide SA..................................... 2,182 275,081 Albioma SA......................................... 1,510 28,060 * Alcatel-Lucent..................................... 120,205 416,042 * Alcatel-Lucent Sponsored ADR....................... 35,000 120,750 Alten SA........................................... 2,935 122,930 Altran Technologies SA............................. 13,165 116,517 598 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Arkema SA.......................................... 3,209 $ 228,913 AtoS............................................... 6,466 475,443 AXA SA............................................. 28,562 668,121 AXA SA Sponsored ADR............................... 10,675 251,183 * Beneteau SA........................................ 1,281 18,662 BioMerieux......................................... 1,156 126,287 BNP Paribas SA..................................... 15,095 792,568 Boiron SA.......................................... 396 40,502 Bollore SA......................................... 15,900 68,432 Bonduelle S.C.A.................................... 734 16,543 Bongrain SA........................................ 224 13,639 Bouygues SA........................................ 11,593 413,117 Bureau Veritas SA.................................. 7,576 160,428 Cap Gemini SA...................................... 5,159 374,441 Carrefour SA....................................... 17,757 556,430 Casino Guichard Perrachon SA....................... 3,257 295,483 Cegid Group........................................ 319 11,485 * CGG SA............................................. 2,075 11,495 * CGG SA Sponsored ADR............................... 3,161 17,733 Christian Dior SA.................................. 729 125,380 Cie de St-Gobain................................... 18,616 793,054 Cie Generale des Etablissements Michelin........... 9,210 896,888 CNP Assurances..................................... 7,900 138,688 Credit Agricole SA................................. 18,672 221,444 Danone SA.......................................... 3,486 233,948 Danone SA Sponsored ADR............................ 907 12,208 Dassault Systemes ADR.............................. 288 17,836 Dassault Systemes SA............................... 1,091 67,419 Derichebourg SA.................................... 15,549 60,448 Edenred............................................ 6,911 198,627 Eiffage SA......................................... 4,209 204,927 Electricite de France SA........................... 9,644 261,439 * Eramet............................................. 359 28,751 Essilor International SA........................... 3,784 421,429 * Etablissements Maurel et Prom...................... 7,767 62,737 Euler Hermes Group................................. 1,217 119,179 Eurofins Scientific SE............................. 700 179,834 European Aeronautic Defence and Space Co. NV....... 4,630 246,687 Eutelsat Communications SA......................... 10,107 347,211 Faiveley Transport SA.............................. 251 15,226 Faurecia........................................... 7,085 284,579 Fimalac............................................ 234 18,443 GDF Suez........................................... 64,087 1,421,346 GL Events.......................................... 588 10,952 Groupe Crit........................................ 301 13,207 Groupe Eurotunnel SE............................... 21,893 293,951 * Groupe Fnac........................................ 243 12,188 Guerbet............................................ 372 13,824 Haulotte Group SA.................................. 678 10,061 Hermes International............................... 130 44,118 Iliad SA........................................... 633 147,024 Imerys SA.......................................... 2,979 215,099 Ingenico........................................... 1,478 154,514 599 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- FRANCE -- (Continued) Ipsen SA........................................... 1,282 $ 65,247 IPSOS.............................................. 1,624 42,315 Jacquet Metal Service.............................. 751 13,099 JCDecaux SA........................................ 4,529 162,956 Kering............................................. 2,452 494,724 Korian-Medica...................................... 2,065 78,094 L'Oreal SA......................................... 1,207 215,817 Lafarge SA......................................... 4,842 331,753 Lafarge SA Sponsored ADR........................... 2,151 36,696 Lagardere SCA...................................... 9,887 270,419 Legrand SA......................................... 4,040 216,565 LISI............................................... 869 21,582 LVMH Moet Hennessy Louis Vuitton SA................ 3,087 496,465 Mersen............................................. 659 15,568 Metropole Television SA............................ 5,160 94,343 MGI Coutier........................................ 807 12,262 Montupet........................................... 653 51,821 Natixis SA......................................... 28,120 178,843 Naturex............................................ 393 20,564 Neopost SA......................................... 3,917 203,233 * Nexans SA.......................................... 2,324 73,196 Nexity SA.......................................... 2,474 97,415 Norbert Dentressangle SA........................... 340 50,163 * NRJ Group.......................................... 1,632 12,228 Orange SA(684060106)............................... 5,502 96,725 Orange SA(5176177)................................. 55,905 983,541 Orpea.............................................. 2,410 156,666 Pernod-Ricard SA................................... 1,128 135,256 * Peugeot SA......................................... 43,281 623,870 Plastic Omnium SA.................................. 2,889 82,942 Publicis Groupe SA................................. 2,475 184,925 Publicis Groupe SA ADR............................. 2,568 48,407 Rallye SA.......................................... 1,901 71,281 Renault SA......................................... 7,713 589,476 Rexel SA........................................... 19,136 357,532 Rubis SCA.......................................... 2,489 144,349 Safran SA.......................................... 5,848 389,476 Saft Groupe SA..................................... 2,917 93,045 Sanofi............................................. 6,214 572,557 Sanofi ADR......................................... 13,479 621,247 Sartorius Stedim Biotech........................... 173 33,676 Schneider Electric SE(B11BPS1)..................... 523 39,313 Schneider Electric SE(4834108)..................... 8,619 647,905 SCOR SE............................................ 10,889 338,974 SEB SA............................................. 2,915 199,480 SES SA............................................. 5,271 192,013 Societe BIC SA..................................... 974 138,488 Societe d'Edition de Canal +....................... 2,817 18,975 Societe Generale SA................................ 15,501 622,463 Societe Television Francaise 1..................... 12,183 191,783 Sodexo SA.......................................... 1,515 150,310 * SOITEC............................................. 14,337 14,227 * Solocal Group...................................... 91,638 76,919 600 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) Sopra Steria Group................................. 1,270 $ 98,894 STMicroelectronics NV(2430025)..................... 9,366 77,738 STMicroelectronics NV(5962332)..................... 38,552 320,111 Suez Environnement Co.............................. 10,088 185,441 * Technicolor SA..................................... 13,196 78,829 Technip SA......................................... 2,937 171,511 Technip SA ADR..................................... 2,728 40,538 Teleperformance.................................... 3,824 273,974 Thales SA.......................................... 2,813 148,139 Total SA........................................... 76,225 3,912,672 Total SA Sponsored ADR............................. 15,407 793,615 * UBISOFT Entertainment.............................. 11,742 235,701 Valeo SA........................................... 2,738 386,062 Vallourec SA....................................... 5,418 117,554 Veolia Environnement SA............................ 12,795 234,393 Veolia Environnement SA ADR........................ 1,217 22,210 Vicat.............................................. 1,459 102,467 Vilmorin & Cie SA.................................. 290 25,515 Vinci SA........................................... 12,888 677,060 Virbac SA.......................................... 152 33,740 Vivendi SA......................................... 19,861 469,661 Zodiac Aerospace................................... 6,757 224,098 ----------- TOTAL FRANCE........................................... 32,943,206 ----------- GERMANY -- (4.9%) Aareal Bank AG..................................... 5,003 189,445 Adidas AG.......................................... 2,449 168,509 * Aixtron SE......................................... 2,985 23,607 Allianz SE......................................... 4,411 727,336 Allianz SE ADR..................................... 21,958 362,307 Amadeus Fire AG.................................... 206 15,325 Aurubis AG......................................... 3,753 203,463 Axel Springer SE................................... 2,808 172,665 BASF SE............................................ 22,820 2,040,967 BASF SE Sponsored ADR.............................. 1,504 134,698 Bayer AG........................................... 6,165 887,953 Bayer AG Sponsored ADR............................. 273 39,170 Bayerische Motoren Werke AG........................ 12,055 1,401,883 BayWa AG........................................... 764 30,052 Bechtle AG......................................... 1,216 102,760 Beiersdorf AG...................................... 941 82,593 Bertrandt AG....................................... 196 25,762 Bilfinger SE....................................... 2,036 106,367 Biotest AG......................................... 109 12,113 Borussia Dortmund GmbH & Co. KGaA.................. 5,419 24,411 Brenntag AG........................................ 4,443 241,855 CANCOM SE.......................................... 529 22,627 Carl Zeiss Meditec AG.............................. 2,474 65,258 Celesio AG......................................... 4,362 129,217 Cewe Stiftung & Co. KGAA........................... 522 30,599 Comdirect Bank AG.................................. 1,776 17,647 * Commerzbank AG..................................... 25,248 302,706 CompuGroup Medical AG.............................. 801 20,719 601 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- GERMANY -- (Continued) Continental AG..................................... 1,754 $ 395,784 CTS Eventim AG & Co. KGaA.......................... 3,059 87,495 Daimler AG......................................... 30,815 2,790,754 Deutsche Bank AG(D18190898)........................ 12,660 366,887 Deutsche Bank AG(5750355).......................... 7,421 215,414 Deutsche Boerse AG................................. 4,366 334,789 Deutsche Lufthansa AG.............................. 24,651 416,946 Deutsche Post AG................................... 14,793 478,747 Deutsche Telekom AG................................ 87,107 1,501,558 Deutsche Telekom AG Sponsored ADR.................. 13,453 231,392 Deutsche Wohnen AG................................. 9,554 248,178 Deutz AG........................................... 5,325 24,548 * Dialog Semiconductor P.L.C......................... 3,856 147,472 DMG Mori Seiki AG.................................. 5,877 192,504 Drillisch AG....................................... 2,602 100,806 Duerr AG........................................... 1,466 133,422 E.ON SE............................................ 24,878 385,110 E.ON SE Sponsored ADR.............................. 4,952 76,063 Elmos Semiconductor AG............................. 742 14,678 ElringKlinger AG................................... 3,862 134,564 * Evotec AG.......................................... 4,045 16,689 Fielmann AG........................................ 1,176 79,935 Fraport AG Frankfurt Airport Services Worldwide.... 2,979 182,025 Freenet AG......................................... 9,323 277,596 Fresenius Medical Care AG & Co. KGaA............... 5,658 419,333 Fresenius Medical Care AG & Co. KGaA ADR........... 1,361 50,479 Fresenius SE & Co. KGaA............................ 15,523 888,486 Fuchs Petrolub SE.................................. 1,417 53,513 GEA Group AG....................................... 4,374 197,706 Gerresheimer AG.................................... 3,411 185,965 Gerry Weber International AG....................... 1,382 53,246 Gesco AG........................................... 136 10,664 GFK SE............................................. 681 27,115 GFT Technologies AG................................ 963 14,790 Grammer AG......................................... 1,108 44,064 Grenkeleasing AG................................... 222 23,766 Hamburger Hafen und Logistik AG.................... 1,847 37,947 Hannover Rueck SE.................................. 2,264 202,916 HeidelbergCement AG................................ 4,438 326,367 * Heidelberger Druckmaschinen AG..................... 21,344 50,106 Henkel AG & Co. KGaA............................... 1,098 112,350 Hochtief AG........................................ 2,152 149,662 Hugo Boss AG....................................... 1,356 175,073 Indus Holding AG................................... 1,982 86,452 Infineon Technologies AG........................... 25,755 288,632 Infineon Technologies AG ADR....................... 12,612 142,389 Isra Vision AG..................................... 180 11,069 Jenoptik AG........................................ 4,282 57,294 K+S AG............................................. 11,585 365,775 * Kloeckner & Co. SE................................. 8,675 89,382 * Kontron AG......................................... 3,288 19,439 Krones AG.......................................... 1,049 99,312 KUKA AG............................................ 1,157 78,217 602 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) KWS Saat AG........................................ 83 $ 25,364 Lanxess AG......................................... 5,264 252,320 Leoni AG........................................... 3,785 236,131 Linde AG........................................... 3,125 598,657 LPKF Laser & Electronics AG........................ 939 10,357 * Manz AG............................................ 138 9,884 Merck KGaA......................................... 1,743 174,154 * Metro AG........................................... 9,252 284,698 MLP AG............................................. 2,305 9,141 MTU Aero Engines AG................................ 4,446 406,750 Muenchener Rueckversicherungs-Gesellschaft AG...... 2,501 501,404 Nemetschek AG...................................... 203 21,189 * Nordex SE.......................................... 4,198 81,022 Norma Group SE..................................... 3,384 167,807 OHB AG............................................. 463 11,078 * Osram Licht AG..................................... 4,650 213,752 * Patrizia Immobilien AG............................. 2,702 47,380 Pfeiffer Vacuum Technology AG...................... 633 56,844 PNE Wind AG........................................ 4,743 11,815 Puma SE............................................ 100 19,033 * QIAGEN NV.......................................... 7,380 168,848 Rational AG........................................ 249 81,949 Rheinmetall AG..................................... 2,036 88,105 RWE AG............................................. 24,217 671,765 SAF-Holland SA..................................... 3,043 44,937 Salzgitter AG...................................... 2,929 79,847 SAP SE............................................. 2,642 172,437 SAP SE Sponsored ADR............................... 1,405 91,831 Schaltbau Holding AG............................... 237 12,179 * SGL Carbon SE...................................... 1,775 28,182 SHW AG............................................. 266 13,126 Siemens AG......................................... 369 38,980 Siemens AG Sponsored ADR........................... 5,045 527,657 Sixt SE............................................ 1,287 49,869 * SMA Solar Technology AG............................ 650 7,902 Software AG........................................ 4,947 130,932 Stada Arzneimittel AG.............................. 5,439 168,643 Stroeer Media SE................................... 1,218 35,452 Suedzucker AG...................................... 7,196 90,484 Symrise AG......................................... 2,085 136,469 TAG Immobilien AG.................................. 4,659 60,517 Takkt AG........................................... 1,724 29,354 * Talanx AG.......................................... 2,142 65,237 Telefonica Deutschland Holding AG.................. 27,867 154,600 * ThyssenKrupp AG.................................... 9,533 247,655 * Tom Tailor Holding AG.............................. 901 11,062 United Internet AG................................. 5,136 222,493 Volkswagen AG...................................... 1,198 265,987 Vossloh AG......................................... 911 58,330 VTG AG............................................. 698 16,755 Wacker Chemie AG................................... 1,428 152,902 Wacker Neuson SE................................... 1,814 36,742 Washtec AG......................................... 1,352 22,923 603 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) Wincor Nixdorf AG.................................. 3,637 $ 166,674 Wirecard AG........................................ 2,004 89,577 XING AG............................................ 100 12,210 Zeal Network SE.................................... 374 15,751 ----------- TOTAL GERMANY.......................................... 28,084,022 ----------- HONG KONG -- (2.0%) AIA Group, Ltd..................................... 125,400 727,135 Allied Properties HK, Ltd.......................... 74,000 14,694 APT Satellite Holdings, Ltd........................ 23,500 31,962 Asia Satellite Telecommunications Holdings, Ltd.... 4,000 13,904 ASM Pacific Technology, Ltd........................ 9,700 87,626 Bank of East Asia, Ltd............................. 62,000 257,617 BOC Hong Kong Holdings, Ltd........................ 106,000 371,550 Bonjour Holdings, Ltd.............................. 108,000 9,753 * Brightoil Petroleum Holdings, Ltd.................. 282,000 68,498 Cafe de Coral Holdings, Ltd........................ 12,000 44,173 Cathay Pacific Airways, Ltd........................ 84,000 195,332 Cheung Kong Holdings, Ltd.......................... 22,000 419,821 Cheung Kong Infrastructure Holdings, Ltd........... 13,000 106,694 * China Dynamics Holdings, Ltd....................... 120,000 8,941 China Electronics Corp. Holdings Co., Ltd.......... 56,000 12,902 * China Energy Development Holdings, Ltd............. 688,000 13,077 * China Star Entertainment, Ltd...................... 750,000 11,933 Chow Sang Sang Holdings International, Ltd......... 31,000 82,159 Chow Tai Fook Jewellery Group, Ltd................. 21,600 28,581 CITIC Telecom International Holdings, Ltd.......... 208,000 64,283 CK Life Sciences International Holdings, Inc....... 200,000 20,352 CLP Holdings, Ltd.................................. 13,000 116,226 Dah Sing Banking Group, Ltd........................ 54,400 90,757 Dah Sing Financial Holdings, Ltd................... 18,000 103,639 Emperor Entertainment Hotel, Ltd................... 50,000 11,791 Emperor International Holdings, Ltd................ 96,000 21,755 Emperor Watch & Jewellery, Ltd..................... 270,000 11,626 Esprit Holdings, Ltd............................... 170,900 193,216 Far East Consortium International, Ltd............. 59,000 23,056 * FIH Mobile, Ltd.................................... 196,000 87,190 First Pacific Co., Ltd............................. 178,000 180,625 Future Bright Holdings, Ltd........................ 36,000 9,345 * G-Resources Group, Ltd............................. 1,329,000 37,708 Galaxy Entertainment Group, Ltd.................... 22,000 114,769 * GCL New Energy Holdings, Ltd....................... 128,000 14,966 Get Nice Holdings, Ltd............................. 284,000 12,950 Giordano International, Ltd........................ 98,000 46,371 * Global Brands Group Holding, Ltd................... 88,000 16,580 Haitong International Securities Group, Ltd........ 46,000 28,977 Hang Lung Group, Ltd............................... 19,000 90,606 Hang Lung Properties, Ltd.......................... 57,000 166,865 Hang Seng Bank, Ltd................................ 11,100 194,125 Henderson Land Development Co., Ltd................ 32,000 229,152 HKR International, Ltd............................. 24,000 12,328 Hong Kong & China Gas Co., Ltd..................... 67,000 153,600 Hong Kong Exchanges and Clearing, Ltd.............. 10,100 232,453 604 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- HONG KONG -- (Continued) Hongkong & Shanghai Hotels (The)................... 25,000 $ 35,766 Hopewell Holdings, Ltd............................. 33,000 123,671 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 180,000 82,343 Hutchison Whampoa, Ltd............................. 33,000 436,727 Hysan Development Co., Ltd......................... 29,000 140,535 * Imagi International Holdings, Ltd.................. 488,000 10,629 IT, Ltd............................................ 44,000 11,276 Johnson Electric Holdings, Ltd..................... 35,500 129,147 K Wah International Holdings, Ltd.................. 68,000 36,689 Kerry Logistics Network, Ltd....................... 10,000 15,252 Kerry Properties, Ltd.............................. 59,000 209,618 Kingston Financial Group, Ltd...................... 146,000 16,754 Kowloon Development Co., Ltd....................... 33,000 38,502 L'Occitane International SA........................ 22,500 56,780 Lai Sun Development Co., Ltd....................... 844,000 18,884 Li & Fung, Ltd..................................... 88,000 86,861 Lifestyle International Holdings, Ltd.............. 42,000 82,652 Liu Chong Hing Investment, Ltd..................... 12,000 14,799 Luk Fook Holdings International, Ltd............... 48,000 179,052 * Macau Legend Development, Ltd...................... 27,000 9,782 Man Wah Holdings, Ltd.............................. 91,200 77,757 Melco Crown Entertainment, Ltd..................... 1,500 12,031 Melco Crown Entertainment, Ltd. ADR................ 3,081 73,944 Melco International Development, Ltd............... 46,000 91,707 MGM China Holdings, Ltd............................ 13,200 32,109 * Midland Holdings, Ltd.............................. 54,000 27,232 MTR Corp., Ltd..................................... 29,000 128,471 NagaCorp, Ltd...................................... 180,000 141,160 New World Development Co., Ltd..................... 262,000 313,044 Newocean Energy Holdings, Ltd...................... 80,000 29,425 NWS Holdings, Ltd.................................. 58,639 108,528 Orient Overseas International, Ltd................. 19,500 127,081 Pacific Basin Shipping, Ltd........................ 105,000 38,720 Pacific Textile Holdings, Ltd...................... 52,000 71,744 Paradise Entertainment, Ltd........................ 32,000 10,914 PCCW, Ltd.......................................... 186,000 122,908 Polytec Asset Holdings, Ltd........................ 110,000 14,859 Power Assets Holdings, Ltd......................... 11,500 119,985 Prada SpA.......................................... 7,000 41,054 Regal Hotels International Holdings, Ltd........... 30,000 18,639 * Rising Development Holdings, Ltd................... 136,000 21,041 SA SA International Holdings, Ltd.................. 58,000 37,393 Samsonite International SA......................... 75,000 227,616 Sands China, Ltd................................... 14,400 69,920 Shangri-La Asia, Ltd............................... 86,000 111,417 Shun Tak Holdings, Ltd............................. 162,000 74,033 Singamas Container Holdings, Ltd................... 84,000 13,525 Sino Land Co., Ltd................................. 110,000 184,519 SJM Holdings, Ltd.................................. 72,000 105,152 SmarTone Telecommunications Holdings, Ltd.......... 33,000 57,858 Stella International Holdings, Ltd................. 14,500 37,899 Sun Hung Kai & Co., Ltd............................ 81,000 72,626 Sun Hung Kai Properties, Ltd....................... 38,000 617,371 605 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- HONG KONG -- (Continued) Swire Pacific, Ltd. Class A........................ 10,500 $ 140,612 Swire Pacific, Ltd. Class B........................ 10,000 24,430 Swire Properties, Ltd.............................. 10,200 32,943 TAI Cheung Holdings, Ltd........................... 13,000 10,799 Techtronic Industries Co., Ltd..................... 86,500 282,489 Television Broadcasts, Ltd......................... 29,800 185,170 Texwinca Holdings, Ltd............................. 60,000 49,428 Transport International Holdings, Ltd.............. 7,600 18,740 Trinity, Ltd....................................... 96,000 18,693 * TSC Group Holdings, Ltd............................ 36,000 9,061 * United Laboratories International Holdings, Ltd. (The)............................................ 50,000 24,499 Value Partners Group, Ltd.......................... 53,000 45,038 Varitronix International, Ltd...................... 25,000 17,040 Vitasoy International Holdings, Ltd................ 46,000 63,787 VST Holdings, Ltd.................................. 50,000 15,986 VTech Holdings, Ltd................................ 8,800 123,649 Wharf Holdings, Ltd. (The)......................... 24,000 195,201 Wheelock & Co., Ltd................................ 30,000 170,120 Wynn Macau, Ltd.................................... 22,800 62,991 Xinyi Glass Holdings, Ltd.......................... 242,000 127,602 Xinyi Solar Holdings, Ltd.......................... 82,000 22,629 Yue Yuen Industrial Holdings, Ltd.................. 57,500 215,815 ----------- TOTAL HONG KONG........................................ 11,615,786 ----------- IRELAND -- (0.4%) * Bank of Ireland.................................... 678,625 204,245 * Bank of Ireland Sponsored ADR...................... 2,145 25,869 C&C Group P.L.C.................................... 13,851 53,988 CRH P.L.C.......................................... 6,006 144,899 CRH P.L.C. Sponsored ADR........................... 26,270 634,158 Dragon Oil P.L.C................................... 8,154 67,684 FBD Holdings P.L.C................................. 1,392 17,284 Glanbia P.L.C...................................... 8,497 136,802 Irish Continental Group P.L.C...................... 6,248 23,100 Kerry Group P.L.C. Class A......................... 3,254 235,831 Kingspan Group P.L.C............................... 14,838 268,100 Paddy Power P.L.C.................................. 2,640 205,749 Smurfit Kappa Group P.L.C.......................... 14,691 361,182 ----------- TOTAL IRELAND.......................................... 2,378,891 ----------- ISRAEL -- (0.4%) * Africa Israel Investments, Ltd..................... 8,961 7,925 * Airport City, Ltd.................................. 1,492 12,302 Amot Investments, Ltd.............................. 3,201 9,493 Azrieli Group...................................... 1,755 60,544 Bank Hapoalim BM................................... 39,444 175,212 * Bank Leumi Le-Israel BM............................ 53,230 177,463 Bezeq The Israeli Telecommunication Corp., Ltd..... 73,115 116,603 * Cellcom Israel, Ltd................................ 3,989 21,066 * Clal Insurance Enterprises Holdings, Ltd........... 1,202 17,375 Delek Automotive Systems, Ltd...................... 1,565 14,994 Delek Group, Ltd................................... 304 74,359 606 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) Delta-Galil Industries, Ltd........................ 869 $ 24,938 Elbit Systems, Ltd................................. 1,672 102,803 * Energix-Renewable Energies, Ltd.................... 194 88 * EZchip Semiconductor, Ltd.......................... 1,254 23,889 First International Bank Of Israel, Ltd............ 1,558 19,546 Frutarom Industries, Ltd........................... 1,591 49,853 Harel Insurance Investments & Financial Services, Ltd.............................................. 7,372 32,812 Israel Chemicals, Ltd.............................. 4,493 32,286 * Israel Discount Bank, Ltd. Class A................. 86,504 135,153 Ituran Location and Control, Ltd................... 659 13,818 * Jerusalem Oil Exploration.......................... 620 18,357 Melisron, Ltd...................................... 1,055 30,720 Menorah Mivtachim Holdings, Ltd.................... 1,497 13,167 Migdal Insurance & Financial Holding, Ltd.......... 14,687 17,486 * Mizrahi Tefahot Bank, Ltd.......................... 7,976 87,039 NICE Systems, Ltd. Sponsored ADR................... 1,052 51,495 * Nitsba Holdings 1995, Ltd.......................... 1,297 17,700 * Oil Refineries, Ltd................................ 64,687 18,816 Osem Investments, Ltd.............................. 1,644 29,127 * Partner Communications Co., Ltd.................... 2,265 7,671 Paz Oil Co., Ltd................................... 510 65,260 Phoenix Holdings, Ltd. (The)....................... 3,719 10,493 Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 345 13,624 Shikun & Binui, Ltd................................ 20,668 39,143 * Strauss Group, Ltd................................. 1,894 27,742 Teva Pharmaceutical Industries, Ltd. Sponsored ADR.............................................. 17,002 966,734 ---------- TOTAL ISRAEL........................................... 2,537,096 ---------- ITALY -- (1.8%) A2A SpA............................................ 92,871 88,515 ACEA SpA........................................... 2,273 25,552 Amplifon SpA....................................... 3,582 21,427 Ansaldo STS SpA.................................... 5,128 51,531 Assicurazioni Generali SpA......................... 11,896 251,072 Astaldi SpA........................................ 6,016 38,242 Atlantia SpA....................................... 7,483 192,602 * Autogrill SpA...................................... 11,303 96,559 Azimut Holding SpA................................. 5,797 135,135 * Banca Carige SpA................................... 134,474 9,004 Banca Generali SpA................................. 2,587 72,270 Banca IFIS SpA..................................... 825 14,193 * Banca Monte dei Paschi di Siena SpA................ 94,460 42,705 * Banca Popolare dell'Emilia Romagna S.c.r.l......... 56,002 377,685 * Banca Popolare dell'Etruria e del Lazio SC......... 17,542 10,304 * Banca Popolare di Milano Scarl..................... 447,030 357,835 Banca Popolare di Sondrio SCARL.................... 30,719 119,282 * Banco Popolare SC.................................. 35,605 449,328 Brembo SpA......................................... 2,221 78,272 Brunello Cucinelli SpA............................. 549 11,293 Buzzi Unicem SpA................................... 7,922 97,254 Cementir Holding SpA............................... 3,101 20,748 * CIR-Compagnie Industriali Riunite SpA.............. 24,067 26,561 CNH Industrial NV.................................. 17,179 130,780 607 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) Credito Emiliano SpA............................... 6,705 $ 52,168 * Credito Valtellinese SC............................ 45,060 50,703 Danieli & C Officine Meccaniche SpA................ 668 16,378 Davide Campari-Milano SpA.......................... 11,496 77,925 De'Longhi SpA...................................... 4,219 76,054 DiaSorin SpA....................................... 795 31,740 * Ei Towers SpA...................................... 399 19,799 Enel Green Power SpA............................... 30,300 59,897 Enel SpA........................................... 52,587 237,607 Engineering SpA.................................... 276 13,470 Eni SpA............................................ 72,310 1,216,874 Eni SpA Sponsored ADR.............................. 5,745 194,755 ERG SpA............................................ 5,884 70,060 Esprinet SpA....................................... 1,725 11,796 * Finmeccanica SpA................................... 19,676 214,893 * Geox SpA........................................... 3,466 11,742 GTECH SpA.......................................... 2,733 53,717 Hera SpA........................................... 44,327 108,636 Industria Macchine Automatiche SpA................. 581 25,617 Interpump Group SpA................................ 5,712 81,414 Intesa Sanpaolo SpA................................ 231,947 678,273 Iren SpA........................................... 22,811 26,461 Italcementi SpA.................................... 12,685 87,332 Luxottica Group SpA................................ 2,626 156,147 Luxottica Group SpA Sponsored ADR.................. 341 20,211 * Maire Tecnimont SpA................................ 5,910 13,009 MARR SpA........................................... 1,379 24,099 * Mediaset SpA....................................... 31,495 143,021 Mediobanca SpA..................................... 43,077 373,142 Mediolanum SpA..................................... 13,029 92,650 Parmalat SpA....................................... 24,247 68,661 * Piaggio & C SpA.................................... 7,330 22,313 Pirelli & C. SpA................................... 9,665 137,039 Prysmian SpA....................................... 11,958 221,206 Recordati SpA...................................... 6,622 109,440 Reply SpA.......................................... 199 15,395 * Safilo Group SpA................................... 2,108 30,059 * Saipem SpA......................................... 8,358 75,194 * Salini Impregilo SpA............................... 20,489 74,723 Salvatore Ferragamo SpA............................ 2,769 80,159 * Saras SpA.......................................... 16,693 18,691 SAVE SpA........................................... 741 11,130 Snam SpA........................................... 28,787 140,850 Societa Cattolica di Assicurazioni S.c.r.l......... 2,063 15,911 Societa Iniziative Autostradali e Servizi SpA...... 7,009 70,077 * Sorin SpA.......................................... 37,686 87,459 * Telecom Italia SpA................................. 542,834 630,755 * Telecom Italia SpA Sponsored ADR................... 8,643 99,394 Tenaris SA(7538515)................................ 1,680 23,707 Tenaris SA(2167367)................................ 1,289 36,401 Terna Rete Elettrica Nazionale SpA................. 54,076 237,087 Tod's SpA.......................................... 367 37,711 UniCredit SpA...................................... 58,430 344,460 608 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- ITALY -- (Continued) Unione di Banche Italiane SCPA..................... 59,789 $ 411,247 Unipol Gruppo Finanziario SpA...................... 26,289 132,582 UnipolSai SpA...................................... 60,948 168,947 Vittoria Assicurazioni SpA......................... 1,833 19,168 * World Duty Free SpA................................ 6,218 68,496 * Yoox SpA........................................... 3,142 67,985 ----------- TOTAL ITALY............................................ 10,413,986 ----------- JAPAN -- (15.9%) 77 Bank, Ltd. (The)................................ 26,000 143,792 ABC-Mart, Inc...................................... 600 29,930 Accordia Golf Co., Ltd............................. 6,800 69,242 Achilles Corp...................................... 10,000 12,840 Adastria Holdings Co., Ltd......................... 1,300 34,241 ADEKA Corp......................................... 10,900 133,712 Aderans Co., Ltd................................... 1,200 10,653 Advantest Corp..................................... 2,900 36,792 Aeon Co., Ltd...................................... 57,424 606,520 Aeon Delight Co., Ltd.............................. 1,100 24,636 Ai Holdings Corp................................... 1,600 27,859 Aica Kogyo Co., Ltd................................ 3,900 86,809 Aichi Bank, Ltd. (The)............................. 500 24,534 Aichi Steel Corp................................... 8,000 33,165 Aida Engineering, Ltd.............................. 3,800 37,569 Ain Pharmaciez, Inc................................ 1,600 51,566 Air Water, Inc..................................... 10,000 172,063 Aisan Industry Co., Ltd............................ 2,500 21,796 Aisin Seiki Co., Ltd............................... 10,700 373,811 Ajinomoto Co., Inc................................. 11,000 226,682 Akebono Brake Industry Co., Ltd.................... 5,900 20,831 Akita Bank, Ltd. (The)............................. 10,000 27,729 Alfresa Holdings Corp.............................. 12,200 144,641 Alpen Co., Ltd..................................... 1,000 14,689 Alpine Electronics, Inc............................ 3,500 54,129 Alps Electric Co., Ltd............................. 7,500 156,132 Amada Co., Ltd..................................... 15,900 144,913 Amano Corp......................................... 5,800 61,647 Amiyaki Tei Co., Ltd............................... 300 9,982 ANA Holdings, Inc.................................. 12,000 33,140 Anest Iwata Corp................................... 1,800 11,940 Anritsu Corp....................................... 13,700 89,825 AOKI Holdings, Inc................................. 3,900 45,255 Aomori Bank, Ltd. (The)............................ 10,000 29,552 Aoyama Trading Co., Ltd............................ 4,900 164,686 Aozora Bank, Ltd................................... 21,000 76,423 Arcland Sakamoto Co., Ltd.......................... 1,100 20,518 Arcs Co., Ltd...................................... 1,900 39,147 Ariake Japan Co., Ltd.............................. 700 19,016 Arisawa Manufacturing Co., Ltd..................... 2,400 18,277 As One Corp........................................ 800 21,404 Asahi Co., Ltd..................................... 1,400 13,699 Asahi Diamond Industrial Co., Ltd.................. 5,200 53,017 Asahi Glass Co., Ltd............................... 30,000 159,599 609 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Asahi Group Holdings, Ltd.......................... 4,900 $160,753 Asahi Holdings, Inc................................ 1,900 28,197 Asahi Intecc Co., Ltd.............................. 1,400 74,199 Asahi Kasei Corp................................... 38,000 375,290 Asatsu-DK, Inc..................................... 4,000 100,062 Asics Corp......................................... 2,900 71,164 ASKA Pharmaceutical Co., Ltd....................... 1,200 12,818 ASKUL Corp......................................... 600 9,329 Astellas Pharma, Inc............................... 8,600 132,830 Autobacs Seven Co., Ltd............................ 5,200 76,131 Avex Group Holdings, Inc........................... 6,700 112,984 Awa Bank, Ltd. (The)............................... 23,000 123,956 Axial Retailing, Inc............................... 1,100 25,314 Azbil Corp......................................... 5,400 134,173 Bandai Namco Holdings, Inc......................... 3,200 64,791 Bando Chemical Industries, Ltd..................... 4,000 14,560 Bank of Iwate, Ltd. (The).......................... 1,500 60,964 Bank of Kyoto, Ltd. (The).......................... 27,000 226,360 Bank of Nagoya, Ltd. (The)......................... 18,000 64,810 Bank of Okinawa, Ltd. (The)........................ 1,600 64,022 Bank of Saga, Ltd. (The)........................... 6,000 13,697 Bank of the Ryukyus, Ltd........................... 3,300 45,653 Bank of Yokohama, Ltd. (The)....................... 40,000 215,835 Belc Co., Ltd...................................... 600 16,647 Belluna Co., Ltd................................... 2,600 11,131 Benesse Holdings, Inc.............................. 5,000 149,518 Bic Camera, Inc.................................... 6,000 68,006 BML, Inc........................................... 900 24,079 Bridgestone Corp................................... 7,200 287,765 Broadleaf Co., Ltd................................. 2,700 41,673 Brother Industries, Ltd............................ 6,500 111,318 Bunka Shutter Co., Ltd............................. 5,000 40,399 Calbee, Inc........................................ 1,400 54,670 Calsonic Kansei Corp............................... 20,000 113,643 Canon Electronics, Inc............................. 1,200 21,224 Canon Marketing Japan, Inc......................... 4,900 89,038 Canon, Inc......................................... 10,700 338,499 Canon, Inc. Sponsored ADR.......................... 1,500 47,265 Capcom Co., Ltd.................................... 3,100 51,937 Casio Computer Co., Ltd............................ 6,200 97,060 Cawachi, Ltd....................................... 1,100 17,534 Central Glass Co., Ltd............................. 24,000 100,787 Central Japan Railway Co........................... 1,000 171,484 Century Tokyo Leasing Corp......................... 5,100 120,579 Chiba Bank, Ltd. (The)............................. 27,000 181,958 Chiba Kogyo Bank, Ltd. (The)....................... 3,300 22,495 Chiyoda Co., Ltd................................... 1,300 27,658 Chiyoda Integre Co., Ltd........................... 900 16,852 * Chubu Electric Power Co., Inc...................... 9,400 124,117 Chugai Pharmaceutical Co., Ltd..................... 500 14,948 Chugoku Bank, Ltd. (The)........................... 13,300 189,190 Chugoku Electric Power Co., Inc. (The)............. 6,100 84,335 Chugoku Marine Paints, Ltd......................... 4,000 35,209 610 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Chukyo Bank, Ltd. (The)............................ 6,000 $ 10,541 Citizen Holdings Co., Ltd.......................... 23,000 183,589 CKD Corp........................................... 6,000 57,153 * Clarion Co., Ltd................................... 13,000 38,350 Cleanup Corp....................................... 1,400 10,360 CMIC Holdings Co., Ltd............................. 1,000 17,072 Coca-Cola East Japan Co., Ltd...................... 5,900 98,235 Coca-Cola West Co., Ltd............................ 6,900 98,693 Cocokara fine, Inc................................. 900 22,300 COLOPL, Inc........................................ 1,600 36,566 Colowide Co., Ltd.................................. 4,700 79,278 COMSYS Holdings Corp............................... 8,200 111,555 * COOKPAD, Inc....................................... 600 24,014 Cosmo Oil Co., Ltd................................. 64,000 86,290 Cosmos Pharmaceutical Corp......................... 500 80,567 Credit Saison Co., Ltd............................. 4,000 67,386 Cresco, Ltd........................................ 900 12,635 Dai Nippon Printing Co., Ltd....................... 17,000 152,888 Dai Nippon Toryo Co., Ltd.......................... 8,000 10,332 Dai-ichi Life Insurance Co., Ltd. (The)............ 16,200 217,041 Dai-ichi Seiko Co., Ltd............................ 600 10,952 Daibiru Corp....................................... 4,400 38,713 Daicel Corp........................................ 15,000 186,497 Daido Metal Co., Ltd............................... 3,000 28,158 Daido Steel Co., Ltd............................... 29,000 113,590 Daifuku Co., Ltd................................... 9,100 104,249 Daihatsu Motor Co., Ltd............................ 12,700 177,095 Daihen Corp........................................ 9,000 43,414 Daiho Corp......................................... 3,000 12,938 Daiichi Jitsugyo Co., Ltd.......................... 3,000 15,494 Daiichi Sankyo Co., Ltd............................ 19,000 275,640 Daiichikosho Co., Ltd.............................. 4,200 121,630 Daikin Industries, Ltd............................. 2,000 139,172 Daikokutenbussan Co., Ltd.......................... 500 19,379 Daikyo, Inc........................................ 21,000 31,035 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 7,000 38,112 Daio Paper Corp.................................... 13,000 112,275 Daisan Bank, Ltd. (The)............................ 7,000 11,607 Daiseki Co., Ltd................................... 2,300 38,999 Daishi Bank, Ltd. (The)............................ 40,000 133,090 Daiso Co., Ltd..................................... 4,000 14,908 Daito Trust Construction Co., Ltd.................. 1,400 155,841 Daiwa House Industry Co., Ltd...................... 10,400 191,522 Daiwa Securities Group, Inc........................ 33,000 239,770 Daiwabo Holdings Co., Ltd.......................... 15,000 25,014 DCM Holdings Co., Ltd.............................. 8,900 59,380 Dena Co., Ltd...................................... 13,000 170,946 Denki Kagaku Kogyo K.K............................. 41,000 161,545 Denso Corp......................................... 3,100 137,139 Dentsu, Inc........................................ 2,300 94,462 Denyo Co., Ltd..................................... 900 14,863 Descente, Ltd...................................... 2,000 22,670 DIC Corp........................................... 79,000 195,589 611 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Disco Corp......................................... 600 $ 54,968 DMG Mori Seiki Co., Ltd............................ 7,600 98,578 Don Quijote Holdings Co., Ltd...................... 1,200 87,369 Doshisha Co., Ltd.................................. 1,100 17,170 Doutor Nichires Holdings Co., Ltd.................. 1,700 24,162 Dowa Holdings Co., Ltd............................. 17,000 135,740 Dr Ci:Labo Co., Ltd................................ 600 20,614 DTS Corp........................................... 1,200 25,189 Duskin Co., Ltd.................................... 1,500 23,675 Eagle Industry Co., Ltd............................ 4,000 74,499 Earth Chemical Co., Ltd............................ 300 10,020 East Japan Railway Co.............................. 2,700 208,543 Ebara Corp......................................... 32,000 123,085 EDION Corp......................................... 8,300 61,554 Ehime Bank, Ltd. (The)............................. 7,000 14,882 Eighteenth Bank, Ltd. (The)........................ 14,000 40,467 Eiken Chemical Co., Ltd............................ 900 13,982 Eisai Co., Ltd..................................... 1,100 54,844 Eizo Corp.......................................... 1,700 36,935 Elecom Co., Ltd.................................... 600 13,661 Electric Power Development Co., Ltd................ 1,200 43,715 Enplas Corp........................................ 700 24,979 EPS Holdings, Inc.................................. 1,700 21,069 Exedy Corp......................................... 3,300 72,571 Ezaki Glico Co., Ltd............................... 1,400 57,343 F@N Communications, Inc............................ 1,200 13,505 FamilyMart Co., Ltd................................ 1,000 43,314 Fancl Corp......................................... 2,200 35,211 FANUC Corp......................................... 800 134,351 Fast Retailing Co., Ltd............................ 300 111,293 FCC Co., Ltd....................................... 2,400 45,629 Ferrotec Corp...................................... 2,500 12,578 FIDEA Holdings Co., Ltd............................ 5,300 9,436 Fields Corp........................................ 1,100 13,981 Financial Products Group Co., Ltd.................. 1,000 14,113 Foster Electric Co., Ltd........................... 2,200 41,328 FP Corp............................................ 3,200 111,683 Fudo Tetra Corp.................................... 6,900 14,083 Fuji Co. Ltd/Ehime................................. 900 16,339 Fuji Electric Co., Ltd............................. 56,000 239,467 Fuji Heavy Industries, Ltd......................... 9,400 339,033 Fuji Kyuko Co., Ltd................................ 2,000 21,005 Fuji Media Holdings, Inc........................... 4,400 55,310 Fuji Oil Co. Ltd/Osaka............................. 7,900 101,500 Fuji Seal International, Inc....................... 2,300 73,491 Fuji Soft, Inc..................................... 2,100 42,024 Fujibo Holdings, Inc............................... 13,000 34,262 Fujicco Co., Ltd................................... 1,000 17,852 FUJIFILM Holdings Corp............................. 7,400 250,103 Fujikura, Ltd...................................... 22,000 91,402 Fujimi, Inc........................................ 1,200 18,636 Fujimori Kogyo Co., Ltd............................ 900 25,428 Fujitec Co., Ltd................................... 8,100 83,007 612 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Fujitsu Frontech, Ltd.............................. 1,000 $ 11,448 Fujitsu General, Ltd............................... 7,000 68,661 Fujitsu, Ltd....................................... 33,000 174,388 Fukui Bank, Ltd. (The)............................. 11,000 24,540 Fukuoka Financial Group, Inc....................... 26,000 129,760 Fukushima Industries Corp.......................... 800 12,004 Fukuyama Transporting Co., Ltd..................... 13,000 72,690 Furukawa Battery Co, Ltd. (The).................... 2,000 16,385 Furukawa Co., Ltd.................................. 22,000 36,108 Furukawa Electric Co., Ltd......................... 87,000 144,723 Furuno Electric Co., Ltd........................... 1,400 14,407 Futaba Industrial Co., Ltd......................... 4,000 19,977 Fuyo General Lease Co., Ltd........................ 600 19,314 G-Tekt Corp........................................ 1,200 11,433 Gecoss Corp........................................ 1,000 13,325 Geo Holdings Corp.................................. 2,700 26,418 GLOBERIDE, Inc..................................... 8,000 12,960 Glory, Ltd......................................... 4,600 120,550 GMO internet, Inc.................................. 5,000 41,283 GMO Payment Gateway, Inc........................... 700 12,138 Godo Steel, Ltd.................................... 10,000 16,092 Goldcrest Co., Ltd................................. 1,300 20,260 Gree, Inc.......................................... 12,100 68,928 GS Yuasa Corp...................................... 36,000 162,464 Gulliver International Co., Ltd.................... 3,000 23,810 * GungHo Online Entertainment, Inc................... 5,600 19,222 Gunma Bank, Ltd. (The)............................. 30,000 197,251 Gunze, Ltd......................................... 17,000 44,035 Gurunavi, Inc...................................... 1,500 23,936 H2O Retailing Corp................................. 6,600 116,577 Hachijuni Bank, Ltd. (The)......................... 32,000 210,879 Hakuhodo DY Holdings, Inc.......................... 8,500 84,486 Hamakyorex Co., Ltd................................ 500 17,677 Hamamatsu Photonics K.K............................ 1,100 51,828 Hankyu Hanshin Holdings, Inc....................... 46,000 255,688 Hanwa Co., Ltd..................................... 19,000 70,978 Happinet Corp...................................... 800 8,914 Harmonic Drive Systems, Inc........................ 800 12,677 Haseko Corp........................................ 9,500 77,188 Hazama Ando Corp................................... 16,900 110,687 Heiwa Corp......................................... 5,000 100,573 Heiwa Real Estate Co., Ltd......................... 3,200 45,538 Heiwado Co., Ltd................................... 2,800 59,364 HI-LEX Corp........................................ 400 11,460 Hiday Hidaka Corp.................................. 500 15,727 Higashi Nihon House Co., Ltd....................... 3,400 14,849 Higashi-Nippon Bank, Ltd. (The).................... 7,000 19,696 Higo Bank, Ltd. (The).............................. 18,000 97,607 Hikari Tsushin, Inc................................ 600 34,477 Hino Motors, Ltd................................... 6,200 87,782 Hiroshima Bank, Ltd. (The)......................... 41,000 203,941 HIS Co., Ltd....................................... 1,500 51,434 Hisamitsu Pharmaceutical Co., Inc.................. 1,300 44,232 613 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Hitachi Capital Corp............................... 6,000 $ 117,964 Hitachi Chemical Co., Ltd.......................... 4,600 92,544 Hitachi Construction Machinery Co., Ltd............ 6,700 123,867 Hitachi High-Technologies Corp..................... 2,500 77,662 Hitachi Koki Co., Ltd.............................. 5,600 40,332 Hitachi Kokusai Electric, Inc...................... 7,000 95,143 Hitachi Metals, Ltd................................ 6,000 97,772 Hitachi Transport System, Ltd...................... 5,900 77,186 Hitachi Zosen Corp................................. 14,300 78,351 Hitachi, Ltd....................................... 137,000 1,034,636 Hitachi, Ltd. ADR.................................. 2,000 150,760 Hogy Medical Co., Ltd.............................. 1,100 57,184 * Hokkaido Electric Power Co., Inc................... 9,800 79,161 Hokkoku Bank, Ltd. (The)........................... 28,000 89,334 Hokuetsu Bank, Ltd. (The).......................... 11,000 20,016 Hokuetsu Industries Co., Ltd....................... 1,000 9,059 Hokuetsu Kishu Paper Co., Ltd...................... 12,200 57,459 Hokuhoku Financial Group, Inc...................... 100,000 206,066 Hokuriku Electric Power Co......................... 7,400 104,578 Hokuto Corp........................................ 1,200 22,087 Honda Motor Co., Ltd............................... 49,000 1,478,563 Honda Motor Co., Ltd. Sponsored ADR................ 10,600 320,332 Honeys Co., Ltd.................................... 1,300 11,592 Horiba, Ltd........................................ 3,500 114,000 Hoshizaki Electric Co., Ltd........................ 800 40,559 House Foods Group, Inc............................. 3,500 70,022 Hoya Corp.......................................... 3,100 120,133 Hyakugo Bank, Ltd. (The)........................... 30,000 127,022 Hyakujushi Bank, Ltd. (The)........................ 27,000 90,635 Ibiden Co., Ltd.................................... 12,900 193,930 IBJ Leasing Co., Ltd............................... 500 9,418 Ichibanya Co., Ltd................................. 300 12,438 ICHINEN HOLDINGS Co., Ltd.......................... 400 3,712 Ichiyoshi Securities Co., Ltd...................... 2,200 22,258 Idec Corp.......................................... 1,300 11,468 Idemitsu Kosan Co., Ltd............................ 9,400 156,904 Ihara Chemical Industry Co., Ltd................... 1,500 16,836 IHI Corp........................................... 25,000 130,252 Iida Group Holdings Co., Ltd....................... 4,600 57,213 Iino Kaiun Kaisha, Ltd............................. 5,900 34,435 Imasen Electric Industrial......................... 1,000 12,904 Inaba Denki Sangyo Co., Ltd........................ 2,100 70,918 Inabata & Co., Ltd................................. 3,000 27,340 Ines Corp.......................................... 1,800 13,442 Internet Initiative Japan, Inc..................... 2,200 46,148 Iriso Electronics Co., Ltd......................... 1,200 69,754 Iseki & Co., Ltd................................... 15,000 28,617 Isetan Mitsukoshi Holdings, Ltd.................... 6,600 93,583 * Ishihara Sangyo Kaisha, Ltd........................ 27,000 23,437 Isuzu Motors, Ltd.................................. 16,800 223,650 IT Holdings Corp................................... 7,600 126,239 Ito En, Ltd........................................ 3,500 67,235 ITOCHU Corp........................................ 35,200 356,416 614 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Itochu Enex Co., Ltd............................... 6,600 $ 51,449 Itochu Techno-Solutions Corp....................... 1,900 67,806 Itoham Foods, Inc.................................. 8,000 45,674 Itoki Corp......................................... 2,300 11,356 Iwai Cosmo Holdings, Inc........................... 1,500 17,065 Iwatani Corp....................................... 14,000 90,382 Iyo Bank, Ltd. (The)............................... 11,500 132,700 Izumi Co., Ltd..................................... 1,500 53,797 J Front Retailing Co., Ltd......................... 18,300 233,201 J-Oil Mills, Inc................................... 7,000 25,034 Jamco Corp......................................... 500 13,572 * Janome Sewing Machine Co., Ltd..................... 17,000 19,652 Japan Airport Terminal Co., Ltd.................... 1,600 72,096 Japan Aviation Electronics Industry, Ltd........... 4,000 90,404 * Japan Communications, Inc.......................... 4,700 20,115 Japan Drilling Co., Ltd............................ 400 14,316 Japan Exchange Group, Inc.......................... 5,300 123,333 Japan Steel Works, Ltd. (The)...................... 29,000 116,006 Japan Tobacco, Inc................................. 8,600 234,235 Japan Wool Textile Co., Ltd. (The)................. 3,000 20,003 Jeol, Ltd.......................................... 5,000 24,209 JFE Holdings, Inc.................................. 11,500 253,315 JGC Corp........................................... 8,000 162,703 Jin Co., Ltd....................................... 600 18,281 Joshin Denki Co., Ltd.............................. 2,000 16,836 Jowa Holdings Co., Ltd............................. 1,400 43,299 Joyo Bank, Ltd. (The).............................. 22,000 110,576 JSP Corp........................................... 1,000 19,984 JSR Corp........................................... 4,100 72,266 JTEKT Corp......................................... 8,200 135,236 Juki Corp.......................................... 5,000 16,343 Juroku Bank, Ltd. (The)............................ 30,000 98,993 * JVC Kenwood Corp................................... 9,900 23,467 JX Holdings, Inc................................... 75,000 276,767 K's Holdings Corp.................................. 4,300 126,290 kabu.com Securities Co., Ltd....................... 6,100 33,005 * Kadokawa Dwango Corp............................... 2,000 29,607 Kaga Electronics Co., Ltd.......................... 1,300 16,517 Kagome Co., Ltd.................................... 1,500 23,755 Kagoshima Bank, Ltd. (The)......................... 18,000 112,632 Kajima Corp........................................ 24,000 94,957 Kakaku.com, Inc.................................... 6,200 87,706 Kaken Pharmaceutical Co., Ltd...................... 3,000 63,836 Kameda Seika Co., Ltd.............................. 1,100 37,094 Kamigumi Co., Ltd.................................. 19,000 189,868 Kanamoto Co., Ltd.................................. 3,100 80,654 Kandenko Co., Ltd.................................. 9,000 53,206 Kaneka Corp........................................ 27,000 164,797 Kanematsu Corp..................................... 40,000 56,976 * Kansai Electric Power Co., Inc. (The).............. 11,100 107,325 Kansai Paint Co., Ltd.............................. 4,000 69,913 Kansai Urban Banking Corp.......................... 1,600 16,105 * Kanto Denka Kogyo Co., Ltd......................... 4,000 18,967 615 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Kao Corp........................................... 3,800 $166,623 Kasai Kogyo Co., Ltd............................... 2,000 17,014 Kasumi Co., Ltd.................................... 2,200 18,453 Katakura Industries Co., Ltd....................... 1,400 14,519 Kato Sangyo Co., Ltd............................... 1,900 34,836 Kato Works Co., Ltd................................ 6,000 46,913 Kawasaki Heavy Industries, Ltd..................... 29,000 138,943 Kawasaki Kisen Kaisha, Ltd......................... 73,000 208,960 KDDI Corp.......................................... 7,500 529,417 Keihan Electric Railway Co., Ltd................... 21,000 127,494 Keihin Corp........................................ 5,100 81,291 Keikyu Corp........................................ 5,000 38,997 Keio Corp.......................................... 11,000 89,573 Keisei Electric Railway Co., Ltd................... 6,000 77,292 Keiyo Bank, Ltd. (The)............................. 28,000 152,762 Kewpie Corp........................................ 3,800 88,229 KEY Coffee, Inc.................................... 900 12,975 Keyence Corp....................................... 200 93,487 Kikkoman Corp...................................... 3,000 88,485 Kinden Corp........................................ 11,000 130,298 Kintetsu Corp...................................... 31,000 109,287 Kintetsu World Express, Inc........................ 1,300 55,357 Kinugawa Rubber Industrial Co., Ltd................ 4,000 17,925 Kirin Holdings Co., Ltd............................ 22,800 306,984 Kito Corp.......................................... 1,100 10,540 Kitz Corp.......................................... 6,700 31,815 Kiyo Bank, Ltd. (The).............................. 2,700 33,684 * KNT-CT Holdings Co., Ltd........................... 10,000 13,632 Koa Corp........................................... 2,400 21,976 Kobayashi Pharmaceutical Co., Ltd.................. 1,200 80,255 Kobe Steel, Ltd.................................... 215,000 377,069 Kohnan Shoji Co., Ltd.............................. 2,200 24,870 Koito Manufacturing Co., Ltd....................... 4,000 130,061 Kokuyo Co., Ltd.................................... 8,300 63,259 Komatsu, Ltd....................................... 9,200 180,407 Komeri Co., Ltd.................................... 3,400 72,924 Konami Corp........................................ 6,300 117,549 Konica Minolta, Inc................................ 27,100 298,219 Konishi Co., Ltd................................... 1,200 20,567 Kose Corp.......................................... 1,300 58,203 Kubota Corp........................................ 8,000 118,763 Kubota Corp. Sponsored ADR......................... 1,000 74,165 * Kumagai Gumi Co., Ltd.............................. 23,000 72,789 Kumiai Chemical Industry Co., Ltd.................. 2,000 15,564 Kura Corp.......................................... 800 24,102 Kurabo Industries, Ltd............................. 20,000 33,540 Kuraray Co., Ltd................................... 12,000 150,683 Kureha Corp........................................ 11,000 45,825 Kurimoto, Ltd...................................... 8,000 15,008 Kurita Water Industries, Ltd....................... 6,600 140,603 Kuroda Electric Co., Ltd........................... 3,800 54,443 Kusuri No Aoki Co., Ltd............................ 300 19,930 KYB Co., Ltd....................................... 19,000 75,395 616 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Kyocera Corp....................................... 2,200 $ 96,832 Kyocera Corp. Sponsored ADR........................ 1,500 65,580 Kyodo Printing Co., Ltd............................ 5,000 16,758 Kyoei Steel, Ltd................................... 1,100 20,438 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 2,400 27,131 Kyokuto Securities Co., Ltd........................ 1,600 23,045 Kyokuyo Co., Ltd................................... 6,000 14,109 KYORIN Holdings, Inc............................... 3,300 66,722 Kyoritsu Maintenance Co., Ltd...................... 800 44,687 Kyowa Exeo Corp.................................... 7,700 81,263 Kyowa Hakko Kirin Co., Ltd......................... 6,000 68,325 Kyudenko Corp...................................... 3,000 40,291 * Kyushu Electric Power Co., Inc..................... 7,600 73,341 Lawson, Inc........................................ 1,400 91,534 * Leopalace21 Corp................................... 14,600 94,466 Life Corp.......................................... 800 11,446 Lintec Corp........................................ 4,900 107,826 Lion Corp.......................................... 17,000 92,351 LIXIL Group Corp................................... 8,700 169,511 M3, Inc............................................ 3,900 78,451 Macnica, Inc....................................... 800 23,578 Maeda Corp......................................... 6,000 45,971 Maeda Road Construction Co., Ltd................... 7,000 110,464 Makino Milling Machine Co., Ltd.................... 13,000 111,703 Makita Corp........................................ 3,600 159,684 Makita Corp. Sponsored ADR......................... 300 14,130 Mandom Corp........................................ 800 27,012 Mars Engineering Corp.............................. 700 12,384 Marubeni Corp...................................... 46,200 255,012 Marudai Food Co., Ltd.............................. 11,000 39,397 Maruha Nichiro Corp................................ 1,700 25,298 Marui Group Co., Ltd............................... 16,500 171,511 Marusan Securities Co., Ltd........................ 3,500 24,197 Maruwa Co., Ltd.................................... 500 13,506 Marvelous, Inc..................................... 1,500 22,492 Matsui Securities Co., Ltd......................... 2,200 18,607 Matsumotokiyoshi Holdings Co., Ltd................. 2,000 65,911 Max Co., Ltd....................................... 2,000 21,739 Mazda Motor Corp................................... 9,800 201,296 McDonald's Holdings Co. Japan, Ltd................. 1,500 32,901 Medipal Holdings Corp.............................. 11,100 129,507 Megachips Corp..................................... 1,200 14,417 Megmilk Snow Brand Co., Ltd........................ 4,300 59,115 Meidensha Corp..................................... 21,000 62,640 MEIJI Holdings Co., Ltd............................ 1,700 186,790 Meisei Industrial Co., Ltd......................... 2,000 11,851 Meitec Corp........................................ 1,900 55,445 Melco Holdings, Inc................................ 1,000 15,784 Message Co., Ltd................................... 600 16,019 Micronics Japan Co., Ltd........................... 600 16,224 Mie Bank, Ltd. (The)............................... 5,000 11,081 Milbon Co., Ltd.................................... 900 25,458 Mimasu Semiconductor Industry Co., Ltd............. 1,400 15,839 617 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Minato Bank, Ltd. (The)............................ 16,000 $ 30,798 Minebea Co., Ltd................................... 13,000 200,566 Ministop Co., Ltd.................................. 1,100 14,844 Miraca Holdings, Inc............................... 3,400 152,275 Mirait Holdings Corp............................... 7,100 82,315 Misawa Homes Co., Ltd.............................. 2,000 17,719 MISUMI Group, Inc.................................. 3,100 115,796 Mito Securities Co., Ltd........................... 4,400 15,288 Mitsuba Corp....................................... 4,900 86,955 Mitsubishi Chemical Holdings Corp.................. 116,400 603,281 Mitsubishi Corp.................................... 20,500 357,627 Mitsubishi Electric Corp........................... 20,000 231,315 Mitsubishi Estate Co., Ltd......................... 4,000 80,483 Mitsubishi Gas Chemical Co., Inc................... 29,000 131,119 Mitsubishi Heavy Industries, Ltd................... 80,000 441,567 Mitsubishi Logistics Corp.......................... 8,000 118,977 Mitsubishi Materials Corp.......................... 64,000 201,815 Mitsubishi Motors Corp............................. 19,500 164,857 Mitsubishi Nichiyu Forklift Co., Ltd............... 2,200 13,516 * Mitsubishi Paper Mills, Ltd........................ 21,000 15,458 Mitsubishi Pencil Co., Ltd......................... 900 26,585 Mitsubishi Shokuhin Co., Ltd....................... 700 15,538 Mitsubishi Steel Manufacturing Co., Ltd............ 11,000 22,269 Mitsubishi Tanabe Pharma Corp...................... 4,500 71,141 Mitsubishi UFJ Financial Group, Inc................ 237,500 1,262,138 Mitsubishi UFJ Financial Group, Inc. ADR........... 47,200 250,160 Mitsuboshi Belting Co., Ltd........................ 3,000 24,519 Mitsui & Co., Ltd.................................. 18,600 236,680 Mitsui & Co., Ltd. Sponsored ADR................... 400 101,600 Mitsui Chemicals, Inc.............................. 74,000 216,522 Mitsui Engineering & Shipbuilding Co., Ltd......... 91,000 147,948 Mitsui Fudosan Co., Ltd............................ 5,000 126,408 Mitsui Matsushima Co., Ltd......................... 11,000 11,623 Mitsui Mining & Smelting Co., Ltd.................. 71,000 148,260 Mitsui OSK Lines, Ltd.............................. 33,000 111,407 Mitsui Sugar Co., Ltd.............................. 6,000 20,346 Mitsui-Soko Holdings Co., Ltd...................... 8,000 26,820 Miura Co., Ltd..................................... 5,600 63,252 Miyazaki Bank, Ltd. (The).......................... 11,000 38,110 Mizuho Financial Group, Inc........................ 526,400 860,726 Mizuno Corp........................................ 9,000 44,261 Mochida Pharmaceutical Co., Ltd.................... 800 43,930 Monex Group, Inc................................... 12,200 25,047 Monogatari Corp. (The)............................. 300 10,402 MonotaRO Co., Ltd.................................. 1,300 32,977 Morinaga & Co., Ltd................................ 10,000 31,113 Morinaga Milk Industry Co., Ltd.................... 20,000 86,463 Morita Holdings Corp............................... 1,800 19,866 Moshi Moshi Hotline, Inc........................... 1,800 19,862 MS&AD Insurance Group Holdings..................... 8,500 206,671 Murata Manufacturing Co., Ltd...................... 1,400 151,136 Musashi Seimitsu Industry Co., Ltd................. 2,300 43,307 Musashino Bank, Ltd. (The)......................... 3,400 111,444 618 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Nabtesco Corp...................................... 2,700 $ 69,705 Nachi-Fujikoshi Corp............................... 20,000 107,543 Nagase & Co., Ltd.................................. 10,800 134,262 Nagoya Railroad Co., Ltd........................... 18,000 70,713 Nakanishi, Inc..................................... 800 29,288 Nankai Electric Railway Co., Ltd................... 23,000 92,079 Nanto Bank, Ltd. (The)............................. 17,000 56,991 NEC Corp........................................... 167,000 471,717 NEC Networks & System Integration Corp............. 1,900 40,832 NET One Systems Co., Ltd........................... 4,900 29,285 Neturen Co., Ltd................................... 2,200 16,399 Nexon Co., Ltd..................................... 3,300 32,483 NGK Insulators, Ltd................................ 4,000 80,605 NGK Spark Plug Co., Ltd............................ 3,800 112,651 NH Foods, Ltd...................................... 7,000 173,055 NHK Spring Co., Ltd................................ 15,600 140,709 Nichi-iko Pharmaceutical Co., Ltd.................. 5,300 95,441 Nichias Corp....................................... 6,000 32,942 Nichicon Corp...................................... 6,900 52,519 Nichiha Corp....................................... 1,400 14,985 Nichii Gakkan Co................................... 2,700 28,165 Nichirei Corp...................................... 31,000 164,328 Nichireki Co., Ltd................................. 2,000 15,722 Nidec Corp......................................... 1,600 108,877 Nifco, Inc......................................... 4,900 168,790 Nihon Kohden Corp.................................. 1,300 64,304 Nihon M&A Center, Inc.............................. 1,300 45,118 Nihon Nohyaku Co., Ltd............................. 5,600 65,862 Nihon Parkerizing Co., Ltd......................... 3,900 92,979 Nihon Unisys, Ltd.................................. 8,000 69,951 Nikkiso Co., Ltd................................... 7,300 64,242 Nikon Corp......................................... 10,900 138,302 Nippo Corp......................................... 5,000 77,747 Nippon Carbon Co., Ltd............................. 8,000 16,329 * Nippon Chemi-Con Corp.............................. 16,000 45,145 Nippon Coke & Engineering Co., Ltd................. 12,200 11,351 Nippon Concrete Industries Co., Ltd................ 2,700 12,860 * Nippon Denko Co., Ltd.............................. 8,500 21,424 Nippon Densetsu Kogyo Co., Ltd..................... 3,400 48,786 Nippon Electric Glass Co., Ltd..................... 35,000 180,636 Nippon Express Co., Ltd............................ 30,000 175,014 Nippon Flour Mills Co., Ltd........................ 10,000 47,428 Nippon Gas Co., Ltd................................ 1,900 46,712 Nippon Kayaku Co., Ltd............................. 11,000 153,450 Nippon Koei Co., Ltd............................... 5,000 20,097 Nippon Konpo Unyu Soko Co., Ltd.................... 6,800 105,960 Nippon Light Metal Holdings Co., Ltd............... 38,200 57,110 Nippon Paint Holdings Co., Ltd..................... 3,000 93,976 Nippon Paper Industries Co., Ltd................... 8,700 137,191 Nippon Piston Ring Co., Ltd........................ 6,000 12,072 Nippon Road Co., Ltd. (The)........................ 5,000 23,873 Nippon Seiki Co., Ltd.............................. 2,000 45,230 Nippon Sharyo, Ltd................................. 4,000 12,026 619 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) * Nippon Sheet Glass Co., Ltd........................ 87,000 $ 79,875 Nippon Shinyaku Co., Ltd........................... 2,000 66,068 Nippon Shokubai Co., Ltd........................... 10,000 134,325 Nippon Signal Co., Ltd. (The)...................... 2,900 31,540 Nippon Soda Co., Ltd............................... 15,000 85,309 Nippon Steel & Sumikin Bussan Corp................. 17,000 62,108 Nippon Steel & Sumikin Texeng Co., Ltd............. 2,000 8,668 Nippon Steel & Sumitomo Metal Corp................. 171,000 399,677 * Nippon Suisan Kaisha, Ltd.......................... 26,600 91,914 Nippon Synthetic Chemical Industry Co., Ltd. (The)............................................ 4,000 24,598 Nippon Telegraph & Telephone Corp.................. 1,700 100,617 Nippon Telegraph & Telephone Corp. ADR............. 1,800 53,172 Nippon Thompson Co., Ltd........................... 5,000 24,227 Nippon Valqua Industries, Ltd...................... 4,000 10,553 * Nippon Yakin Kogyo Co., Ltd........................ 7,400 14,770 Nippon Yusen K.K................................... 69,000 205,145 Nipro Corp......................................... 15,800 138,383 Nishi-Nippon City Bank, Ltd. (The)................. 50,000 162,368 Nishi-Nippon Railroad Co., Ltd..................... 20,000 86,584 Nishimatsu Construction Co., Ltd................... 24,000 96,412 Nishimatsuya Chain Co., Ltd........................ 2,400 19,117 Nishio Rent All Co., Ltd........................... 2,200 67,391 Nissan Chemical Industries, Ltd.................... 7,400 136,243 Nissan Motor Co., Ltd.............................. 80,900 689,852 Nissan Shatai Co., Ltd............................. 7,200 79,125 Nissei ASB Machine Co., Ltd........................ 600 14,113 Nissei Build Kogyo Co., Ltd........................ 4,000 9,498 Nissha Printing Co., Ltd........................... 4,300 68,927 Nisshin Oillio Group, Ltd. (The)................... 11,000 40,008 Nisshin Seifun Group, Inc.......................... 16,400 201,699 Nisshin Steel Co., Ltd............................. 9,500 98,338 Nisshinbo Holdings, Inc............................ 13,000 146,083 Nissin Electric Co., Ltd........................... 3,000 17,812 Nissin Foods Holdings Co., Ltd..................... 400 21,588 Nissin Kogyo Co., Ltd.............................. 4,500 68,889 Nitori Holdings Co., Ltd........................... 1,500 84,809 Nitta Corp......................................... 1,000 24,022 Nittetsu Mining Co., Ltd........................... 5,000 17,674 Nitto Boseki Co., Ltd.............................. 18,000 62,952 Nitto Denko Corp................................... 3,500 208,945 Nitto Kogyo Corp................................... 3,800 73,272 Nitto Kohki Co., Ltd............................... 600 11,172 Nittoc Construction Co., Ltd....................... 2,500 11,975 Nittoku Engineering Co., Ltd....................... 1,100 12,001 NOF Corp........................................... 15,000 96,063 Nohmi Bosai, Ltd................................... 1,300 16,260 NOK Corp........................................... 3,900 112,185 Nomura Co., Ltd.................................... 1,700 16,035 Nomura Holdings, Inc............................... 47,800 254,136 Nomura Holdings, Inc. ADR.......................... 10,300 54,487 Nomura Real Estate Holdings, Inc................... 6,300 106,009 Nomura Research Institute, Ltd..................... 2,300 78,094 Noritake Co., Ltd.................................. 7,000 17,565 620 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Noritz Corp........................................ 1,900 $ 29,913 North Pacific Bank, Ltd............................ 19,300 71,897 NS Solutions Corp.................................. 1,000 24,278 NS United Kaiun Kaisha, Ltd........................ 12,000 39,094 NSD Co., Ltd....................................... 1,700 26,250 NSK, Ltd........................................... 12,000 140,623 NTN Corp........................................... 46,000 196,867 NTT Data Corp...................................... 3,100 117,917 NTT DOCOMO, Inc.................................... 39,900 673,564 NTT DOCOMO, Inc. Sponsored ADR..................... 1,100 18,568 NTT Urban Development Corp......................... 6,900 66,200 Nuflare Technology, Inc............................ 200 7,287 Obara Group, Inc................................... 500 24,955 Obayashi Corp...................................... 15,000 94,953 Obayashi Road Corp................................. 2,000 11,690 Obic Co., Ltd...................................... 1,700 57,026 Odakyu Electric Railway Co., Ltd................... 11,000 107,011 Ogaki Kyoritsu Bank, Ltd. (The).................... 32,000 98,240 Ohsho Food Service Corp............................ 600 24,101 Oiles Corp......................................... 2,000 36,909 Oita Bank, Ltd. (The).............................. 20,000 70,107 Oji Holdings Corp.................................. 55,000 207,320 Okabe Co., Ltd..................................... 2,000 17,246 Okamoto Industries, Inc............................ 3,000 10,998 Okamura Corp....................................... 5,000 36,627 Oki Electric Industry Co., Ltd..................... 55,000 112,342 Okinawa Cellular Telephone Co...................... 400 11,544 Okinawa Electric Power Co., Inc. (The)............. 1,000 34,642 OKUMA Corp......................................... 13,000 110,617 Okumura Corp....................................... 18,000 82,137 * Olympus Corp....................................... 2,600 89,918 Omron Corp......................................... 3,000 119,936 Onward Holdings Co., Ltd........................... 14,000 90,284 Open House Co., Ltd................................ 800 13,697 Oracle Corp. Japan................................. 500 20,787 Organo Corp........................................ 2,000 8,069 Oriental Land Co., Ltd............................. 500 121,145 Osaka Gas Co., Ltd................................. 31,000 122,191 Osaka Steel Co., Ltd............................... 800 15,122 OSAKA Titanium Technologies Co., Ltd............... 900 18,858 Osaki Electric Co., Ltd............................ 2,000 13,595 OSG Corp........................................... 9,000 165,706 Otsuka Corp........................................ 3,400 117,395 Otsuka Holdings Co., Ltd........................... 6,400 198,010 Pacific Industrial Co., Ltd........................ 3,000 24,348 * Pacific Metals Co., Ltd............................ 14,000 37,715 Pack Corp. (The)................................... 700 13,760 Pal Co., Ltd....................................... 900 23,377 Paltac Corp........................................ 2,300 28,951 PanaHome Corp...................................... 7,000 42,057 Panasonic Corp..................................... 21,200 240,829 Panasonic Corp. Sponsored ADR...................... 5,200 59,020 Paramount Bed Holdings Co., Ltd.................... 1,000 27,659 621 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Parco Co., Ltd..................................... 1,800 $ 15,330 Park24 Co., Ltd.................................... 3,700 63,309 Penta-Ocean Construction Co., Ltd.................. 27,400 104,433 Pigeon Corp........................................ 1,500 93,658 Pilot Corp......................................... 1,300 77,051 Piolax, Inc........................................ 600 28,823 * Pioneer Corp....................................... 36,200 68,075 Plenus Co., Ltd.................................... 1,300 22,356 Pola Orbis Holdings, Inc........................... 1,100 46,843 Press Kogyo Co., Ltd............................... 7,000 23,582 Pressance Corp..................................... 600 19,172 Prima Meat Packers, Ltd............................ 15,000 39,002 Raito Kogyo Co., Ltd............................... 4,000 39,630 * Rakuten, Inc....................................... 7,600 105,216 Relo Holdings, Inc................................. 500 37,261 Rengo Co., Ltd..................................... 27,000 113,442 Resona Holdings, Inc............................... 47,000 233,177 Resorttrust, Inc................................... 3,200 76,640 Ricoh Co., Ltd..................................... 48,200 470,209 Ricoh Leasing Co., Ltd............................. 1,300 34,022 Riken Corp......................................... 6,000 23,497 Rinnai Corp........................................ 800 53,549 Riso Kagaku Corp................................... 2,000 34,772 Rock Field Co., Ltd................................ 700 12,480 Rohto Pharmaceutical Co., Ltd...................... 7,300 98,049 Roland DG Corp..................................... 400 11,896 Round One Corp..................................... 9,100 56,826 Royal Holdings Co., Ltd............................ 2,500 35,750 Ryobi, Ltd......................................... 10,000 26,898 Ryoden Trading Co., Ltd............................ 2,000 13,755 Ryohin Keikaku Co., Ltd............................ 400 44,311 Ryosan Co., Ltd.................................... 2,500 53,068 S Foods, Inc....................................... 700 12,558 Sac's Bar Holdings, Inc............................ 1,000 14,411 Saibu Gas Co., Ltd................................. 9,000 19,934 Saizeriya Co., Ltd................................. 3,700 59,893 Sakai Chemical Industry Co., Ltd................... 6,000 21,352 Sakata INX Corp.................................... 2,000 21,159 Sakata Seed Corp................................... 2,300 39,946 San-A Co., Ltd..................................... 1,600 53,417 San-Ai Oil Co., Ltd................................ 4,000 26,543 San-In Godo Bank, Ltd. (The)....................... 15,000 122,393 Sanden Corp........................................ 14,000 65,384 Sangetsu Co., Ltd.................................. 3,300 88,380 Sanken Electric Co., Ltd........................... 13,000 106,330 Sanki Engineering Co., Ltd......................... 2,700 16,376 Sankyo Co., Ltd.................................... 1,800 64,692 Sankyo Tateyama, Inc............................... 1,800 27,681 Sankyu, Inc........................................ 31,000 124,015 Sanrio Co., Ltd.................................... 1,500 37,168 Sanshin Electronics Co., Ltd....................... 1,700 11,592 Santen Pharmaceutical Co., Ltd..................... 1,200 74,885 Sanwa Holdings Corp................................ 14,100 97,504 622 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Sanyo Chemical Industries, Ltd..................... 6,000 $ 43,500 Sanyo Denki Co., Ltd............................... 2,000 14,367 Sanyo Shokai, Ltd.................................. 8,000 18,849 Sanyo Special Steel Co., Ltd....................... 9,000 30,205 Sapporo Holdings, Ltd.............................. 37,000 155,854 Sato Holdings Corp................................. 1,400 32,398 Sawai Pharmaceutical Co., Ltd...................... 1,200 72,618 SBI Holdings, Inc.................................. 14,000 149,598 SCREEN Holdings Co., Ltd........................... 6,000 35,630 SCSK Corp.......................................... 1,300 32,371 Secom Co., Ltd..................................... 2,100 121,897 Sega Sammy Holdings, Inc........................... 4,400 57,298 Seikitokyu Kogyo Co., Ltd.......................... 3,100 14,629 Seiko Epson Corp................................... 5,000 203,065 Seiko Holdings Corp................................ 20,000 109,087 Seino Holdings Co., Ltd............................ 13,000 141,457 Seiren Co., Ltd.................................... 3,200 26,083 Sekisui Chemical Co., Ltd.......................... 23,000 251,545 Sekisui House, Ltd................................. 15,200 196,559 Sekisui Jushi Corp................................. 1,600 21,270 Senko Co., Ltd..................................... 12,000 69,365 Senshu Ikeda Holdings, Inc......................... 21,300 94,581 Senshukai Co., Ltd................................. 1,800 12,693 Seria Co., Ltd..................................... 1,500 43,294 Seven & I Holdings Co., Ltd........................ 8,400 307,390 Seven Bank, Ltd.................................... 8,200 36,701 * Sharp Corp......................................... 47,000 92,003 Shibuya Kogyo Co., Ltd............................. 500 10,365 Shiga Bank, Ltd. (The)............................. 23,000 128,295 Shikoku Bank, Ltd. (The)........................... 9,000 18,810 Shikoku Chemicals Corp............................. 2,000 15,535 * Shikoku Electric Power Co., Inc.................... 7,700 96,828 Shima Seiki Manufacturing, Ltd..................... 2,600 45,634 Shimachu Co., Ltd.................................. 4,500 112,794 Shimadzu Corp...................................... 8,000 83,119 Shimamura Co., Ltd................................. 1,900 169,007 Shimano, Inc....................................... 700 92,535 Shimizu Corp....................................... 16,000 110,394 Shin-Etsu Chemical Co., Ltd........................ 2,300 152,293 Shindengen Electric Manufacturing Co., Ltd......... 8,000 42,907 Shinko Electric Industries Co., Ltd................ 8,800 61,639 Shinko Plantech Co., Ltd........................... 2,400 17,932 Shinko Shoji Co., Ltd.............................. 1,400 14,492 Shinmaywa Industries, Ltd.......................... 9,000 87,669 Shinsei Bank, Ltd.................................. 44,000 79,751 Shionogi & Co., Ltd................................ 5,800 174,042 Ship Healthcare Holdings, Inc...................... 3,200 79,415 Shiseido Co., Ltd.................................. 10,200 163,595 Shizuoka Bank, Ltd. (The).......................... 15,000 137,066 Shizuoka Gas Co., Ltd.............................. 3,100 19,795 Showa Corp......................................... 5,000 50,794 Showa Denko K.K.................................... 165,000 210,883 Showa Sangyo Co., Ltd.............................. 6,000 24,715 623 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Showa Shell Sekiyu K.K............................. 15,500 $151,273 Siix Corp.......................................... 1,100 23,615 Sintokogio, Ltd.................................... 3,200 22,591 SKY Perfect JSAT Holdings, Inc..................... 15,800 95,683 SMC Corp........................................... 200 53,633 SMK Corp........................................... 3,000 12,462 SMS Co., Ltd....................................... 1,000 9,014 Sodick Co., Ltd.................................... 3,800 32,775 Softbank Corp...................................... 7,500 441,388 Sogo Medical Co., Ltd.............................. 700 33,724 Sohgo Security Services Co., Ltd................... 2,600 66,545 Sojitz Corp........................................ 105,000 135,723 Sompo Japan Nipponkoa Holdings, Inc................ 10,400 288,569 Sony Corp.......................................... 16,200 381,041 Sony Corp. Sponsored ADR........................... 9,300 216,597 Sony Financial Holdings, Inc....................... 4,700 65,321 Sotetsu Holdings, Inc.............................. 20,000 91,461 Square Enix Holdings Co., Ltd...................... 2,100 46,104 St Marc Holdings Co., Ltd.......................... 600 38,582 Stanley Electric Co., Ltd.......................... 3,500 77,900 Star Micronics Co., Ltd............................ 1,600 19,989 Start Today Co., Ltd............................... 1,500 30,320 Starts Corp., Inc.................................. 2,400 33,270 Studio Alice Co., Ltd.............................. 900 14,096 Sugi Holdings Co., Ltd............................. 700 32,867 * Sumco Corp......................................... 4,400 73,844 Sumitomo Bakelite Co., Ltd......................... 24,000 99,334 Sumitomo Chemical Co., Ltd......................... 92,000 361,956 Sumitomo Corp...................................... 15,400 151,973 Sumitomo Dainippon Pharma Co., Ltd................. 4,100 43,100 Sumitomo Densetsu Co., Ltd......................... 1,200 14,216 Sumitomo Electric Industries, Ltd.................. 31,700 408,476 Sumitomo Forestry Co., Ltd......................... 11,200 104,171 Sumitomo Heavy Industries, Ltd..................... 37,000 200,222 Sumitomo Metal Mining Co., Ltd..................... 13,000 185,797 * Sumitomo Mitsui Construction Co., Ltd.............. 69,800 97,739 Sumitomo Mitsui Financial Group, Inc............... 28,500 956,370 Sumitomo Mitsui Trust Holdings, Inc................ 48,000 168,793 Sumitomo Osaka Cement Co., Ltd..................... 46,000 133,761 Sumitomo Real Estate Sales Co., Ltd................ 600 14,192 Sumitomo Realty & Development Co., Ltd............. 2,000 63,794 Sumitomo Riko Co, Ltd.............................. 3,000 24,457 Sumitomo Rubber Industries, Ltd.................... 10,600 164,835 Sumitomo Seika Chemicals Co., Ltd.................. 4,000 28,343 Sumitomo Warehouse Co., Ltd. (The)................. 14,000 78,361 Sun Frontier Fudousan Co., Ltd..................... 1,000 7,772 Sundrug Co., Ltd................................... 1,900 80,649 Suntory Beverage & Food, Ltd....................... 3,500 122,740 Suruga Bank, Ltd................................... 3,600 67,593 Suzuken Co., Ltd................................... 5,500 154,948 Suzuki Motor Corp.................................. 10,700 338,336 * SWCC Showa Holdings Co., Ltd....................... 17,000 14,214 Sysmex Corp........................................ 2,500 111,718 624 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) T RAD Co., Ltd..................................... 5,000 $ 10,192 T&D Holdings, Inc.................................. 21,500 242,124 T-Gaia Corp........................................ 1,000 10,863 Tachi-S Co., Ltd................................... 1,800 26,223 Tachibana Eletech Co., Ltd......................... 900 12,432 Tadano, Ltd........................................ 12,000 144,430 Taiheiyo Cement Corp............................... 36,000 105,637 Taiho Kogyo Co., Ltd............................... 1,100 12,231 Taikisha, Ltd...................................... 1,400 33,304 Taiko Pharmaceutical Co., Ltd...................... 700 10,772 Taisei Corp........................................ 14,000 81,207 Taiyo Holdings Co., Ltd............................ 500 18,176 Taiyo Nippon Sanso Corp............................ 4,000 47,923 Taiyo Yuden Co., Ltd............................... 11,900 147,666 Takara Holdings, Inc............................... 10,900 69,527 Takara Leben Co., Ltd.............................. 4,700 24,517 Takara Standard Co., Ltd........................... 9,000 68,489 Takasago International Corp........................ 4,000 19,893 Takasago Thermal Engineering Co., Ltd.............. 3,500 43,908 Takashimaya Co., Ltd............................... 25,000 219,277 Takata Corp........................................ 2,000 23,326 Takeda Pharmaceutical Co., Ltd..................... 8,600 429,650 Takeei Corp........................................ 1,300 10,039 Takeuchi Manufacturing Co., Ltd.................... 1,400 51,348 Takiron Co., Ltd................................... 3,000 13,312 Takuma Co., Ltd.................................... 7,000 49,344 Tamron Co., Ltd.................................... 1,100 21,486 Tamura Corp........................................ 4,000 13,458 Tanseisha Co., Ltd................................. 1,700 11,634 Tatsuta Electric Wire and Cable Co., Ltd........... 2,500 10,422 TDK Corp........................................... 3,100 193,197 TDK Corp. Sponsored ADR............................ 1,200 76,620 Teijin, Ltd........................................ 81,000 241,286 Terumo Corp........................................ 4,400 109,115 THK Co., Ltd....................................... 4,300 104,428 Toa Corp.(6894434)................................. 1,200 12,043 Toa Corp.(6894508)................................. 15,000 25,518 TOA ROAD Corp...................................... 4,000 14,662 Toagosei Co., Ltd.................................. 31,000 123,915 * Tobishima Corp..................................... 10,400 22,685 Tobu Railway Co., Ltd.............................. 20,000 96,181 TOC Co., Ltd....................................... 2,600 15,805 Tocalo Co., Ltd.................................... 1,000 16,835 Tochigi Bank, Ltd. (The)........................... 6,000 27,707 Toda Corp.......................................... 23,000 82,256 Toei Co., Ltd...................................... 6,000 34,750 Toho Bank, Ltd. (The).............................. 16,000 56,181 Toho Co., Ltd...................................... 1,200 27,152 Toho Gas Co., Ltd.................................. 19,000 103,242 Toho Holdings Co., Ltd............................. 5,600 77,997 Toho Zinc Co., Ltd................................. 11,000 34,529 Tohoku Electric Power Co., Inc..................... 8,100 102,033 Tokai Carbon Co., Ltd.............................. 20,000 57,626 625 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Tokai Corp/Gifu.................................... 400 $ 12,432 TOKAI Holdings Corp................................ 5,300 23,879 Tokai Rika Co., Ltd................................ 5,400 111,197 Token Corp......................................... 500 20,723 Tokio Marine Holdings, Inc......................... 9,100 317,701 Tokio Marine Holdings, Inc. ADR.................... 1,600 55,888 Tokuyama Corp...................................... 20,000 44,428 Tokyo Dome Corp.................................... 16,000 74,005 * Tokyo Electric Power Co., Inc...................... 25,600 108,637 Tokyo Gas Co., Ltd................................. 20,000 119,302 * Tokyo Rope Manufacturing Co., Ltd.................. 8,000 15,006 Tokyo Seimitsu Co., Ltd............................ 3,500 71,175 Tokyo Steel Manufacturing Co., Ltd................. 9,200 69,133 Tokyo Tatemono Co., Ltd............................ 26,000 175,531 Tokyo Tekko Co., Ltd............................... 3,000 14,968 * Tokyo TY Financial Group, Inc...................... 1,700 48,662 Tokyu Construction Co., Ltd........................ 3,000 15,156 Tokyu Corp......................................... 11,000 72,801 Tokyu Fudosan Holdings Corp........................ 15,100 93,591 TOMONY Holdings, Inc............................... 9,200 39,719 Tomy Co., Ltd...................................... 5,200 28,805 TonenGeneral Sekiyu K.K............................ 5,000 44,204 Topcon Corp........................................ 3,800 75,299 Toppan Forms Co., Ltd.............................. 4,300 44,678 Toppan Printing Co., Ltd........................... 20,000 133,601 Topre Corp......................................... 3,100 42,633 Topy Industries, Ltd............................... 14,000 31,530 Toray Industries, Inc.............................. 24,000 204,434 Tosei Corp......................................... 1,700 10,380 Toshiba Corp....................................... 46,000 183,935 Toshiba Machine Co., Ltd........................... 10,000 38,348 Toshiba Plant Systems & Services Corp.............. 4,200 64,377 Toshiba TEC Corp................................... 13,000 80,194 Tosoh Corp......................................... 49,000 264,152 Totetsu Kogyo Co., Ltd............................. 1,200 28,642 TOTO, Ltd.......................................... 6,000 66,236 Towa Bank, Ltd. (The).............................. 18,000 14,778 Towa Pharmaceutical Co., Ltd....................... 1,000 45,487 Toyo Construction Co., Ltd......................... 5,000 23,955 Toyo Engineering Corp.............................. 6,000 20,221 Toyo Ink SC Holdings Co., Ltd...................... 28,000 131,065 Toyo Kanetsu K.K................................... 7,000 14,295 Toyo Kohan Co., Ltd................................ 3,000 15,398 Toyo Securities Co., Ltd........................... 5,000 14,652 Toyo Seikan Group Holdings, Ltd.................... 15,300 196,301 Toyo Suisan Kaisha, Ltd............................ 2,200 77,398 Toyo Tire & Rubber Co., Ltd........................ 5,300 119,375 Toyobo Co., Ltd.................................... 88,000 118,354 Toyoda Gosei Co., Ltd.............................. 6,600 145,395 Toyota Boshoku Corp................................ 7,200 95,047 Toyota Motor Corp.................................. 54,200 3,494,324 Toyota Motor Corp. Sponsored ADR................... 10,100 1,301,385 Toyota Tsusho Corp................................. 14,800 350,501 626 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) TPR Co., Ltd....................................... 3,000 $ 75,916 Trancom Co., Ltd................................... 500 21,442 Transcosmos, Inc................................... 1,000 17,506 * Trend Micro, Inc................................... 2,600 73,427 Trusco Nakayama Corp............................... 1,100 29,296 TS Tech Co., Ltd................................... 5,700 143,611 TSI Holdings Co., Ltd.............................. 3,900 22,295 Tsubakimoto Chain Co............................... 13,000 104,668 Tsugami Corp....................................... 3,000 17,136 Tsukishima Kikai Co., Ltd.......................... 1,500 16,197 Tsukuba Bank, Ltd.................................. 5,300 15,472 Tsukui Corp........................................ 2,600 24,030 Tsumura & Co....................................... 4,300 97,851 Tsuruha Holdings, Inc.............................. 900 60,476 Tsurumi Manufacturing Co., Ltd..................... 700 11,689 UACJ Corp.......................................... 27,000 66,312 Ube Industries, Ltd................................ 78,000 116,817 UKC Holdings Corp.................................. 800 12,286 * Ulvac, Inc......................................... 6,100 87,373 Unicharm Corp...................................... 3,400 93,683 Union Tool Co...................................... 500 13,963 Unipres Corp....................................... 4,400 76,542 United Arrows, Ltd................................. 1,000 28,423 * Unitika, Ltd....................................... 55,000 25,600 Universal Entertainment Corp....................... 1,000 16,908 UNY Group Holdings Co., Ltd........................ 26,800 154,196 * Usen Corp.......................................... 5,200 13,629 Ushio, Inc......................................... 11,300 130,912 USS Co., Ltd....................................... 5,100 80,012 Valor Co., Ltd..................................... 5,500 103,748 Vital KSK Holdings, Inc............................ 1,700 13,059 VT Holdings Co., Ltd............................... 10,900 43,867 Wacoal Holdings Corp............................... 11,000 109,031 Wacom Co., Ltd..................................... 6,100 25,773 Wakachiku Construction Co., Ltd.................... 6,000 10,270 Wakita & Co., Ltd.................................. 3,700 35,070 Warabeya Nichiyo Co., Ltd.......................... 1,000 16,730 WATAMI Co., Ltd.................................... 1,500 14,847 West Japan Railway Co.............................. 1,700 87,437 Wowow, Inc......................................... 200 8,627 Xebio Co., Ltd..................................... 2,300 35,601 Yahagi Construction Co., Ltd....................... 1,600 11,914 Yahoo Japan Corp................................... 20,600 69,280 Yakult Honsha Co., Ltd............................. 1,200 72,679 YAMABIKO Corp...................................... 500 21,518 Yamada Denki Co., Ltd.............................. 61,800 229,595 Yamagata Bank, Ltd. (The).......................... 11,000 46,427 Yamaguchi Financial Group, Inc..................... 15,000 156,059 Yamaha Corp........................................ 9,700 141,260 Yamaha Motor Co., Ltd.............................. 7,200 157,913 Yamaichi Electronics Co., Ltd...................... 1,700 11,826 Yamanashi Chuo Bank, Ltd. (The).................... 11,000 43,930 Yamatane Corp...................................... 7,000 10,363 627 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) Yamato Holdings Co., Ltd........................... 4,900 $ 110,821 Yamato Kogyo Co., Ltd.............................. 2,500 64,340 Yamazaki Baking Co., Ltd........................... 11,000 161,953 Yamazen Corp....................................... 2,700 18,981 Yaoko Co., Ltd..................................... 1,100 71,511 Yaskawa Electric Corp.............................. 8,200 104,829 Yellow Hat, Ltd.................................... 800 15,649 Yokogawa Bridge Holdings Corp...................... 1,600 17,924 Yokogawa Electric Corp............................. 3,300 34,550 Yokohama Reito Co., Ltd............................ 2,900 20,116 Yokohama Rubber Co., Ltd. (The).................... 19,000 178,751 Yomiuri Land Co., Ltd.............................. 3,000 11,984 Yondoshi Holdings, Inc............................. 900 13,786 Yorozu Corp........................................ 1,000 19,365 Yoshinoya Holdings Co., Ltd........................ 4,800 54,356 Yuasa Trading Co., Ltd............................. 1,400 28,808 Yurtec Corp........................................ 3,000 20,280 Yusen Logistics Co., Ltd........................... 1,200 14,368 Zenrin Co., Ltd.................................... 1,400 18,012 Zensho Holdings Co., Ltd........................... 12,700 114,829 Zeon Corp.......................................... 15,000 153,176 ZERIA Pharmaceutical Co., Ltd...................... 900 14,569 ----------- TOTAL JAPAN............................................ 91,491,120 ----------- LUXEMBOURG -- (0.0%) * GAGFAH SA.......................................... 1,475 32,868 ----------- NETHERLANDS -- (1.8%) Aalberts Industries NV............................. 10,945 315,223 Accell Group....................................... 828 12,631 Aegon NV(007924103)................................ 3,029 21,627 Aegon NV(5927375).................................. 53,480 381,145 Akzo Nobel NV...................................... 13,433 967,729 Akzo Nobel NV Sponsored ADR........................ 1,806 43,579 * AMG Advanced Metallurgical Group NV................ 2,138 15,964 Amsterdam Commodities NV........................... 802 19,120 * APERAM SA.......................................... 5,633 146,230 Arcadis NV......................................... 7,192 217,668 ArcelorMittal(B03XPL1)............................. 32,509 310,581 ArcelorMittal(B295F26)............................. 11,759 113,357 ASM International NV............................... 4,964 202,536 ASML Holding NV(B908F01)........................... 1,057 109,865 ASML Holding NV(B929F46)........................... 1,499 156,358 BE Semiconductor Industries NV..................... 2,758 55,977 BinckBank NV....................................... 3,427 28,150 Boskalis Westminster NV............................ 7,957 351,767 Brunel International NV............................ 1,181 19,162 Corbion NV......................................... 4,732 78,389 Delta Lloyd NV..................................... 21,875 413,299 Fugro NV........................................... 3,682 79,845 * Galapagos NV....................................... 1,601 32,743 Gemalto NV......................................... 2,362 171,026 * Grontmij........................................... 3,131 12,553 628 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NETHERLANDS -- (Continued) Heijmans NV........................................ 1,613 $ 15,421 Heineken NV........................................ 3,026 225,825 * ING Groep NV....................................... 20,769 258,209 * ING Groep NV Sponsored ADR......................... 38,057 473,429 Kendrion NV........................................ 655 17,913 Koninklijke Ahold NV............................... 32,566 587,767 Koninklijke BAM Groep NV........................... 10,935 32,821 Koninklijke DSM NV................................. 5,539 293,793 Koninklijke KPN NV................................. 215,021 663,637 Koninklijke Philips NV(5986622).................... 13,991 385,800 Koninklijke Philips NV(500472303).................. 8,678 239,426 Koninklijke Ten Cate NV............................ 1,828 40,501 Koninklijke Vopak NV............................... 2,808 156,595 * PostNL NV.......................................... 39,479 142,807 Randstad Holding NV................................ 9,843 517,387 Reed Elsevier NV................................... 10,039 245,439 Reed Elsevier NV Sponsored ADR..................... 1,192 58,146 * Royal Imtech NV.................................... 2,423 11,174 * SBM Offshore NV.................................... 18,200 198,568 Sligro Food Group NV............................... 643 24,532 TKH Group NV....................................... 3,783 117,626 TNT Express NV..................................... 46,241 302,431 * TomTom NV.......................................... 7,299 47,962 Unilever NV(B12T3J1)............................... 6,494 281,610 Unilever NV(904784709)............................. 6,398 277,481 USG People NV...................................... 4,229 48,738 Wessanen........................................... 5,625 35,918 Wolters Kluwer NV.................................. 19,698 588,435 ----------- TOTAL NETHERLANDS...................................... 10,565,915 ----------- NEW ZEALAND -- (0.3%) Air New Zealand, Ltd............................... 30,816 58,300 Auckland International Airport, Ltd................ 72,094 233,171 Contact Energy, Ltd................................ 25,017 128,392 Fisher & Paykel Healthcare Corp., Ltd.............. 35,481 159,991 Fletcher Building, Ltd.(6341606)................... 27,389 166,382 Fletcher Building, Ltd.(6341617)................... 2,494 15,097 Freightways, Ltd................................... 3,218 13,974 Infratil, Ltd...................................... 26,719 61,344 Mainfreight, Ltd................................... 3,188 37,068 Nuplex Industries, Ltd............................. 7,213 15,628 Port of Tauranga, Ltd.............................. 2,272 29,299 Restaurant Brands New Zealand, Ltd................. 3,753 10,371 Ryman Healthcare, Ltd.............................. 12,031 72,020 Sky Network Television, Ltd........................ 10,151 44,634 SKYCITY Entertainment Group, Ltd................... 39,625 113,046 Spark New Zealand, Ltd............................. 131,726 315,642 Trade Me Group, Ltd................................ 1,824 4,808 TrustPower, Ltd.................................... 1,960 11,933 629 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NEW ZEALAND -- (Continued) Vector, Ltd........................................ 6,941 $ 14,895 ---------- TOTAL NEW ZEALAND...................................... 1,505,995 ---------- NORWAY -- (0.6%) Akastor ASA........................................ 5,360 13,178 Aker ASA Class A................................... 2,454 52,414 * Aker Solutions ASA................................. 5,237 25,566 American Shipping ASA.............................. 1,624 6,271 * Archer, Ltd........................................ 21,569 8,558 Atea ASA........................................... 4,996 55,494 Austevoll Seafood ASA.............................. 6,962 40,658 Bakkafrost P/F..................................... 1,443 29,979 BW Offshore, Ltd................................... 27,960 26,888 * Det Norske Oljeselskap ASA......................... 9,999 41,780 DNB ASA............................................ 22,287 322,908 * DNO ASA............................................ 18,199 40,097 Gjensidige Forsikring ASA.......................... 2,872 48,417 Hexagon Composites ASA............................. 4,649 11,355 * Hoegh LNG Holdings, Ltd............................ 1,329 13,072 * Kongsberg Automotive ASA........................... 39,277 30,879 Kongsberg Gruppen ASA.............................. 898 15,186 Kvaerner ASA....................................... 14,228 16,567 Leroey Seafood Group ASA........................... 1,178 41,303 Marine Harvest ASA................................. 8,947 117,040 * Nordic Semiconductor ASA........................... 7,410 51,174 Norsk Hydro ASA.................................... 33,492 196,824 * Norwegian Air Shuttle ASA.......................... 1,413 55,506 Opera Software ASA................................. 2,434 32,244 Orkla ASA.......................................... 12,237 90,185 Petroleum Geo-Services ASA......................... 18,576 101,003 Prosafe SE......................................... 11,536 30,799 * REC Silicon ASA.................................... 212,716 45,426 * REC Solar ASA...................................... 1,222 16,061 Salmar ASA......................................... 2,977 45,959 Schibsted ASA...................................... 1,489 95,918 Seadrill, Ltd.(B09RMQ1)............................ 2,040 21,801 Seadrill, Ltd.(B0HWHV8)............................ 10,731 115,251 SpareBank 1 SR Bank ASA............................ 10,784 67,718 Statoil ASA........................................ 29,449 493,161 Statoil ASA Sponsored ADR.......................... 13,666 229,589 Stolt-Nielsen, Ltd................................. 829 13,089 * Storebrand ASA..................................... 58,294 176,222 Subsea 7 SA........................................ 9,381 79,800 Telenor ASA........................................ 5,837 125,395 TGS Nopec Geophysical Co. ASA...................... 1,730 40,128 Tomra Systems ASA.................................. 12,754 102,470 Veidekke ASA....................................... 4,241 43,836 Wilh Wilhelmsen ASA................................ 2,459 13,736 Wilh Wilhelmsen Holding ASA Class A................ 517 10,027 630 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- NORWAY -- (Continued) Yara International ASA............................. 3,792 $ 197,420 ---------- TOTAL NORWAY........................................... 3,448,352 ---------- PORTUGAL -- (0.2%) Altri SGPS SA...................................... 9,313 32,259 * Banco BPI SA....................................... 23,504 22,056 * Banco Comercial Portugues SA....................... 1,891,818 133,233 Corticeira Amorim SGPS SA.......................... 4,333 16,241 EDP - Energias de Portugal SA...................... 46,372 176,396 EDP Renovaveis SA.................................. 14,956 99,974 Galp Energia SGPS SA............................... 30,239 319,457 Jeronimo Martins SGPS SA........................... 5,951 64,011 Mota-Engil SGPS SA................................. 5,569 17,029 NOS SGPS........................................... 12,165 77,224 Portucel SA........................................ 22,017 88,821 REN - Redes Energeticas Nacionais SGPS SA.......... 13,113 37,186 Semapa-Sociedade de Investimento e Gestao.......... 3,574 41,840 Sonae SGPS SA...................................... 75,813 99,255 ---------- TOTAL PORTUGAL......................................... 1,224,982 ---------- SINGAPORE -- (1.0%) * Biosensors International Group, Ltd................ 98,000 46,670 Boustead Singapore, Ltd............................ 12,000 15,956 Bukit Sembawang Estates, Ltd....................... 3,000 11,799 CapitaLand, Ltd.................................... 60,000 153,994 Chip Eng Seng Corp., Ltd........................... 44,000 29,494 City Developments, Ltd............................. 15,000 111,180 ComfortDelGro Corp., Ltd........................... 55,000 116,628 Cosco Corp. Singapore, Ltd......................... 75,000 29,943 CSE Global, Ltd.................................... 44,000 19,003 CWT, Ltd........................................... 18,000 22,352 DBS Group Holdings, Ltd............................ 40,000 583,185 Dyna-Mac Holdings, Ltd............................. 38,000 9,707 Ezion Holdings, Ltd................................ 159,000 149,072 Ezra Holdings, Ltd................................. 62,400 24,401 First Resources, Ltd............................... 39,600 54,392 Genting Singapore P.L.C............................ 131,000 104,448 Global Logistic Properties, Ltd.................... 40,000 74,632 Golden Agri-Resources, Ltd......................... 277,000 85,926 Great Eastern Holdings, Ltd........................ 1,000 17,873 GuocoLand, Ltd..................................... 11,000 14,604 GuocoLeisure, Ltd.................................. 34,000 23,956 Ho Bee Land, Ltd................................... 14,000 21,413 Hong Fok Corp., Ltd................................ 22,000 14,763 Hongkong Land Holdings, Ltd........................ 13,000 96,266 Hutchison Port Holdings Trust...................... 86,000 61,323 Hyflux, Ltd........................................ 34,000 23,922 Indofood Agri Resources, Ltd....................... 35,000 18,299 Jardine Cycle & Carriage, Ltd...................... 1,000 31,212 Keppel Corp., Ltd.................................. 16,000 102,761 Keppel Land, Ltd................................... 58,000 194,501 Lian Beng Group, Ltd............................... 40,000 18,592 631 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) M1, Ltd............................................ 9,000 $ 24,885 Midas Holdings, Ltd................................ 50,000 12,512 Nam Cheong, Ltd.................................... 133,000 30,759 * Neptune Orient Lines, Ltd.......................... 80,600 60,075 Noble Group, Ltd................................... 321,000 251,101 Olam International, Ltd............................ 21,000 30,574 OSIM International, Ltd............................ 17,000 24,318 OUE, Ltd........................................... 13,000 21,112 Oversea-Chinese Banking Corp., Ltd................. 29,000 222,435 Petra Foods, Ltd................................... 5,000 14,741 Raffles Education Corp., Ltd....................... 50,000 12,208 Raffles Medical Group, Ltd......................... 13,000 38,107 SATS, Ltd.......................................... 47,000 102,727 SembCorp Industries, Ltd........................... 53,000 168,537 SembCorp Marine, Ltd............................... 31,000 68,600 Sheng Siong Group, Ltd............................. 34,000 18,188 Sinarmas Land, Ltd................................. 80,000 38,332 Singapore Airlines, Ltd............................ 25,000 233,513 Singapore Exchange, Ltd............................ 19,000 109,001 Singapore Post, Ltd................................ 72,000 113,823 Singapore Press Holdings, Ltd...................... 17,000 51,843 Singapore Technologies Engineering, Ltd............ 39,000 96,740 Singapore Telecommunications, Ltd.................. 81,000 243,929 * Sino Grandness Food Industry Group, Ltd............ 38,000 14,145 SMRT Corp., Ltd.................................... 34,000 43,949 Stamford Land Corp., Ltd........................... 26,000 10,843 StarHub, Ltd....................................... 6,000 18,519 Super Group, Ltd................................... 22,000 18,028 Swiber Holdings, Ltd............................... 58,500 8,251 Swissco Holdings, Ltd.............................. 16,000 5,450 Tat Hong Holdings, Ltd............................. 18,000 9,819 Tuan Sing Holdings, Ltd............................ 58,000 17,332 UMS Holdings, Ltd.................................. 27,000 10,263 United Industrial Corp., Ltd....................... 18,000 46,869 United Overseas Bank, Ltd.......................... 30,000 513,023 UOB-Kay Hian Holdings, Ltd......................... 13,000 14,488 UOL Group, Ltd..................................... 33,000 175,621 * Vard Holdings, Ltd................................. 47,000 17,493 Venture Corp., Ltd................................. 25,000 150,125 Wilmar International, Ltd.......................... 31,400 74,518 Wing Tai Holdings, Ltd............................. 35,000 47,299 ---------- TOTAL SINGAPORE........................................ 5,466,362 ---------- SPAIN -- (1.9%) Abengoa SA......................................... 3,998 12,770 Abengoa SA Class B................................. 38,151 112,720 Abertis Infraestructuras SA........................ 11,293 221,145 * Acciona SA......................................... 2,814 201,156 Acerinox SA........................................ 12,346 183,800 ACS Actividades de Construccion y Servicios SA..... 4,231 147,153 * Almirall SA........................................ 2,529 44,117 Amadeus IT Holding SA Class A...................... 6,550 262,683 Atresmedia Corp de Medios de Comunicacion SA....... 5,203 76,450 632 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SPAIN -- (Continued) Banco Bilbao Vizcaya Argentaria SA................. 64,559 $ 551,486 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR... 24,657 210,078 Banco de Sabadell SA............................... 195,061 492,936 Banco Popular...................................... 218 925 Banco Popular Espanol SA........................... 51,702 218,542 Banco Santander SA................................. 190,952 1,284,356 Banco Santander SA Sponsored ADR................... 58,745 393,004 * Bankia SA.......................................... 98,184 128,413 Bankinter SA....................................... 27,005 187,619 Bolsas y Mercados Espanoles SA..................... 4,869 200,155 CaixaBank SA....................................... 37,727 164,330 Cie Automotive SA.................................. 2,469 35,542 Construcciones y Auxiliar de Ferrocarriles SA...... 184 61,858 Distribuidora Internacional de Alimentacion SA..... 34,941 226,212 Duro Felguera SA................................... 4,383 17,592 Ebro Foods SA...................................... 4,622 78,646 Enagas SA.......................................... 6,413 203,084 Ence Energia y Celulosa S.A........................ 8,869 26,525 Faes Farma SA(B1PQHS6)............................. 6,866 13,982 Faes Farma SA(BTGQBZ6)............................. 254 518 Ferrovial SA....................................... 6,373 126,433 * Fomento de Construcciones y Contratas SA........... 9,741 120,580 * Gamesa Corp. Tecnologica SA........................ 23,825 235,551 Gas Natural SDG SA................................. 7,673 180,114 Grifols SA......................................... 1,720 72,153 Grupo Catalana Occidente SA........................ 3,802 108,709 Iberdrola SA....................................... 183,823 1,268,824 Inditex SA......................................... 7,037 207,405 Indra Sistemas SA.................................. 7,679 78,446 Mapfre SA.......................................... 59,300 199,625 * Mediaset Espana Comunicacion SA.................... 13,400 163,133 Melia Hotels International SA...................... 6,041 69,391 Miquel y Costas & Miquel SA........................ 433 15,003 * NH Hotel Group SA.................................. 21,552 106,404 Obrascon Huarte Lain SA............................ 3,660 84,571 Papeles y Cartones de Europa SA.................... 3,685 17,713 * Promotora de Informaciones SA Class A.............. 122,123 32,385 Prosegur Cia de Seguridad SA....................... 15,155 84,290 Red Electrica Corp. SA............................. 2,482 211,462 Repsol SA.......................................... 20,547 363,976 Repsol SA Sponsored ADR............................ 7,571 134,764 * Sacyr SA........................................... 13,357 49,398 Tecnicas Reunidas SA............................... 1,290 50,165 Telefonica SA...................................... 45,195 677,713 Telefonica SA Sponsored ADR........................ 6,054 90,265 Tubacex SA......................................... 8,420 24,631 Tubos Reunidos SA.................................. 7,042 12,611 Vidrala SA......................................... 928 46,144 Viscofan SA........................................ 2,688 155,521 Zardoya Otis SA.................................... 4,468 50,884 633 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SPAIN -- (Continued) * Zeltia SA.......................................... 7,298 $ 24,850 ----------- TOTAL SPAIN............................................ 10,820,911 ----------- SWEDEN -- (2.3%) AAK AB............................................. 2,653 144,104 AddTech AB Class B................................. 1,003 14,160 AF AB Class B...................................... 3,179 48,700 Alfa Laval AB...................................... 5,461 101,439 Assa Abloy AB Class B.............................. 6,373 348,055 Atlas Copco AB Class A............................. 5,076 150,293 Atlas Copco AB Class B............................. 2,062 56,398 Atrium Ljungberg AB Class B........................ 804 12,116 Avanza Bank Holding AB............................. 1,217 40,142 Axfood AB.......................................... 825 50,070 Axis Communications AB............................. 3,423 91,633 B&B Tools AB Class B............................... 1,238 21,179 Betsson AB......................................... 2,396 89,789 Bilia AB Class A................................... 3,054 92,622 BillerudKorsnas AB................................. 17,346 263,303 Boliden AB......................................... 24,032 375,421 Bure Equity AB..................................... 2,880 13,482 Byggmax Group AB................................... 5,674 37,647 Castellum AB....................................... 11,308 177,811 Clas Ohlson AB Class B............................. 3,825 59,142 * Cloetta AB Class B................................. 18,859 57,117 Concentric AB...................................... 2,299 29,370 Duni AB............................................ 1,892 27,971 Electrolux AB Series B............................. 6,517 200,583 Elekta AB Class B.................................. 8,715 93,419 Fabege AB.......................................... 8,421 114,951 * Fastighets AB Balder............................... 1,659 23,992 Getinge AB Class B................................. 11,770 290,101 Gunnebo AB......................................... 3,274 15,933 Haldex AB.......................................... 5,760 77,779 Hennes & Mauritz AB Class B........................ 8,014 329,670 Hexagon AB Class B................................. 5,447 172,468 Hexpol AB.......................................... 1,110 111,362 HIQ International AB............................... 2,826 14,625 Holmen AB Class B.................................. 4,419 159,442 Hufvudstaden AB Class A............................ 1,813 23,747 Husqvarna AB Class A............................... 2,777 19,380 Husqvarna AB Class B............................... 18,369 127,576 ICA Gruppen AB..................................... 3,384 130,018 Industrial & Financial Systems Class B............. 937 28,850 Indutrade AB....................................... 3,220 131,060 Intrum Justitia AB................................. 5,509 146,603 JM AB.............................................. 8,337 274,419 KappAhl AB......................................... 4,789 24,114 Klovern AB Class A................................. 1,164 1,213 * Klovern AB Class B................................. 11,635 11,601 Kungsleden AB...................................... 7,530 57,685 Lagercrantz AB Class B............................. 736 12,873 * Lindab International AB............................ 3,697 30,611 634 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWEDEN -- (Continued) Loomis AB Class B.................................. 6,140 $181,673 * Lundin Petroleum AB................................ 6,226 80,770 Meda AB Class A.................................... 22,273 313,694 * Medivir AB Class B................................. 2,399 28,437 Mekonomen AB....................................... 2,124 49,893 Millicom International Cellular SA................. 2,904 185,190 Modern Times Group AB Class B...................... 2,348 66,453 Mycronic AB........................................ 5,846 20,431 NCC AB Class B..................................... 6,324 204,483 Net Entertainment NE AB............................ 1,207 38,244 New Wave Group AB Class B.......................... 3,071 16,250 Nibe Industrier AB Class B......................... 8,686 220,644 Nobia AB........................................... 11,845 102,687 Nolato AB Class B.................................. 2,653 63,661 Nordea Bank AB..................................... 45,761 580,971 Nordnet AB Class B................................. 4,409 14,777 Oriflame Cosmetics SA.............................. 2,441 32,674 Peab AB............................................ 18,359 132,041 Ratos AB Class B................................... 12,158 75,962 * Rezidor Hotel Group AB............................. 3,615 13,570 Saab AB Class B.................................... 5,747 139,896 Sandvik AB......................................... 18,305 192,140 * SAS AB............................................. 12,556 25,118 Securitas AB Class B............................... 19,073 232,479 Skandinaviska Enskilda Banken AB Class A........... 22,269 268,154 Skanska AB Class B................................. 11,963 265,151 SKF AB Class B..................................... 8,645 203,779 * SSAB AB Class A(B17H0S8)........................... 6,226 30,236 * SSAB AB Class A(BPRBWK4)........................... 2,266 11,020 * SSAB AB Class B(B17H3F6)........................... 13,140 56,549 * SSAB AB Class B(BPRBWM6)........................... 5,795 25,065 Svenska Cellulosa AB Class A....................... 474 11,444 Svenska Cellulosa AB Class B....................... 24,705 595,492 Svenska Handelsbanken AB Class A................... 7,421 351,414 Swedbank AB Class A................................ 17,202 416,131 Swedish Match AB................................... 7,418 241,507 * Swedish Orphan Biovitrum AB........................ 5,636 59,076 Tele2 AB Class B................................... 29,423 332,856 Telefonaktiebolaget LM Ericsson Class A............ 1,268 14,835 Telefonaktiebolaget LM Ericsson Class B............ 36,705 445,021 Telefonaktiebolaget LM Ericsson Sponsored ADR...... 13,749 166,775 TeliaSonera AB..................................... 69,546 428,526 Trelleborg AB Class B.............................. 17,383 314,372 Unibet Group P.L.C................................. 1,536 91,474 Vitrolife AB....................................... 600 12,777 Volvo AB Class A................................... 8,619 101,485 Volvo AB Class B................................... 40,665 476,075 Volvo AB Sponsored ADR............................. 1,820 21,312 Wallenstam AB Class B.............................. 6,343 105,011 635 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SWEDEN -- (Continued) Wihlborgs Fastigheter AB........................... 2,149 $ 42,061 ----------- TOTAL SWEDEN........................................... 13,025,775 ----------- SWITZERLAND -- (5.1%) ABB, Ltd........................................... 54,378 1,045,483 ABB, Ltd. Sponsored ADR............................ 11,588 221,794 Actelion, Ltd...................................... 2,585 285,540 Adecco SA.......................................... 7,138 533,234 AFG Arbonia-Forster Holding AG..................... 900 16,145 Allreal Holding AG................................. 888 139,616 ams AG............................................. 3,283 128,501 APG SGA SA......................................... 36 11,642 Aryzta AG.......................................... 6,329 474,481 Ascom Holding AG................................... 3,473 53,491 Autoneum Holding AG................................ 310 51,886 Baloise Holding AG................................. 3,628 472,247 Banque Cantonale Vaudoise.......................... 279 162,786 Barry Callebaut AG................................. 73 72,789 Basler Kantonalbank................................ 177 12,240 Belimo Holding AG.................................. 26 60,145 Berner Kantonalbank AG............................. 162 31,871 Bobst Group SA..................................... 519 15,832 Bossard Holding AG Class A......................... 722 74,760 Bucher Industries AG............................... 450 110,400 Burckhardt Compression Holding AG.................. 87 26,912 Burkhalter Holding AG.............................. 126 13,357 Chocoladefabriken Lindt & Sprungli AG.............. 1 62,995 Cie Financiere Richemont SA........................ 7,967 661,883 Clariant AG........................................ 33,240 534,043 Coltene Holding AG................................. 214 14,469 Conzzeta AG........................................ 19 61,624 Credit Suisse Group AG............................. 28,507 600,239 Credit Suisse Group AG Sponsored ADR............... 10,722 225,591 Daetwyler Holding AG............................... 387 46,168 DKSH Holding AG.................................... 2,056 156,078 * Dufry AG........................................... 1,624 238,569 EFG International AG............................... 2,571 27,744 Emmi AG............................................ 235 76,743 EMS-Chemie Holding AG.............................. 237 91,554 Flughafen Zuerich AG............................... 507 345,172 Forbo Holding AG................................... 168 162,441 Galenica AG........................................ 380 305,357 GAM Holding AG..................................... 17,990 317,922 Gategroup Holding AG............................... 2,983 82,793 Geberit AG......................................... 709 242,226 Georg Fischer AG................................... 478 286,643 Givaudan SA........................................ 169 308,057 Gurit Holding AG................................... 30 10,737 Helvetia Holding AG................................ 752 383,588 Holcim, Ltd........................................ 5,657 395,497 Huber & Suhner AG.................................. 483 21,502 Implenia AG........................................ 1,565 85,599 Inficon Holding AG................................. 225 75,459 636 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) Interroll Holding AG............................... 49 $ 24,995 Intershop Holdings AG.............................. 59 23,765 Julius Baer Group, Ltd............................. 9,185 373,684 Kaba Holding AG Class B............................ 275 138,216 Kardex AG.......................................... 414 19,803 Komax Holding AG................................... 391 58,863 Kudelski SA........................................ 3,112 35,647 Kuehne + Nagel International AG.................... 927 127,605 Kuoni Reisen Holding AG............................ 265 88,960 LEM Holding SA..................................... 68 52,243 Logitech International SA(B18ZRK2)................. 5,234 76,962 Logitech International SA(H50430232)............... 9,093 132,849 Lonza Group AG..................................... 4,489 531,660 Luzerner Kantonalbank AG........................... 131 50,088 Metall Zug AG...................................... 6 14,651 * Meyer Burger Technology AG......................... 3,779 23,443 Micronas Semiconductor Holding AG.................. 2,046 12,225 * Mobilezone Holding AG.............................. 1,429 17,109 Mobimo Holding AG.................................. 584 134,883 Nestle SA.......................................... 75,808 5,789,530 Novartis AG........................................ 13,876 1,352,254 Novartis AG ADR.................................... 20,738 2,019,881 OC Oerlikon Corp. AG............................... 17,843 202,957 Panalpina Welttransport Holding AG................. 736 90,122 Partners Group Holding AG.......................... 583 156,022 Phoenix Mecano AG.................................. 30 13,468 PSP Swiss Property AG.............................. 628 64,824 Rieter Holding AG.................................. 266 38,581 Roche Holding AG(7108918).......................... 266 72,970 Roche Holding AG(7110388).......................... 5,111 1,377,503 Romande Energie Holding SA......................... 10 10,556 Schindler Holding AG............................... 197 28,686 * Schmolz + Bickenbach AG............................ 32,348 28,825 Schweiter Technologies AG.......................... 115 88,207 SGS SA............................................. 66 125,195 Siegfried Holding AG............................... 259 43,152 Sika AG............................................ 82 281,629 Sonova Holding AG.................................. 533 70,024 St Galler Kantonalbank AG.......................... 116 44,051 Straumann Holding AG............................... 352 79,510 Sulzer AG.......................................... 956 101,221 Swatch Group AG (The)(7184725)..................... 777 309,024 Swatch Group AG (The)(7184736)..................... 1,429 105,049 Swiss Life Holding AG.............................. 2,305 514,369 Swiss Re AG........................................ 9,417 849,483 Swisscom AG........................................ 394 231,009 Swissquote Group Holding SA........................ 537 13,977 Syngenta AG........................................ 3,669 1,195,117 Syngenta AG ADR.................................... 4,074 265,136 Tecan Group AG..................................... 367 37,035 Temenos Group AG................................... 4,067 123,787 U-Blox AG.......................................... 342 48,899 UBS Group AG(BRJL176).............................. 32,703 548,137 637 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) * UBS Group AG(H42097107)............................ 4,500 $ 75,060 Valiant Holding AG................................. 804 65,610 Valora Holding AG.................................. 311 75,246 Vaudoise Assurances Holding SA Class B............. 36 16,939 Vetropack Holding AG............................... 10 14,514 Vontobel Holding AG................................ 3,693 123,450 VP Bank AG......................................... 320 25,821 Zehnder Group AG................................... 381 16,612 Zuger Kantonalbank AG.............................. 3 14,540 Zurich Insurance Group AG.......................... 2,751 912,172 ----------- TOTAL SWITZERLAND...................................... 29,433,650 ----------- UNITED KINGDOM -- (13.8%) 888 Holdings P.L.C................................. 12,839 27,229 A.G.BARR P.L.C..................................... 2,339 22,226 Aberdeen Asset Management P.L.C.................... 51,550 338,391 Acacia Mining P.L.C................................ 18,034 76,614 Admiral Group P.L.C................................ 9,894 215,239 * Afren P.L.C........................................ 70,630 5,688 Aggreko P.L.C...................................... 18,630 434,489 Alent P.L.C........................................ 27,339 150,141 Amec Foster Wheeler P.L.C.......................... 15,134 180,946 Amlin P.L.C........................................ 39,484 289,311 Anglo American P.L.C............................... 38,909 649,921 Anite P.L.C........................................ 9,271 11,387 Antofagasta P.L.C.................................. 24,615 240,000 ARM Holdings P.L.C. Sponsored ADR.................. 4,241 198,648 Ashmore Group P.L.C................................ 26,043 109,598 Ashtead Group P.L.C................................ 18,999 309,161 Associated British Foods P.L.C..................... 6,482 302,302 AstraZeneca P.L.C.................................. 144 10,251 AstraZeneca P.L.C. Sponsored ADR................... 17,184 1,220,751 Aveva Group P.L.C.................................. 800 15,808 Aviva P.L.C........................................ 101,302 803,718 Aviva P.L.C. Sponsored ADR......................... 679 10,789 Babcock International Group P.L.C.................. 19,710 298,044 BAE Systems P.L.C.................................. 94,431 718,867 Balfour Beatty P.L.C............................... 58,070 193,901 Bank of Georgia Holdings P.L.C..................... 2,717 82,947 Barclays P.L.C..................................... 6,183 21,715 Barclays P.L.C. Sponsored ADR...................... 63,036 885,025 Barratt Developments P.L.C......................... 69,427 477,899 BBA Aviation P.L.C................................. 25,860 131,882 Beazley P.L.C...................................... 55,518 240,536 Bellway P.L.C...................................... 11,511 315,120 Berendsen P.L.C.................................... 21,727 363,610 Berkeley Group Holdings P.L.C...................... 10,619 387,071 Betfair Group P.L.C................................ 3,257 78,751 BG Group P.L.C..................................... 69,046 920,927 BG Group P.L.C. Sponsored ADR...................... 3,529 48,012 BHP Billiton P.L.C................................. 10,365 225,133 BHP Billiton P.L.C. ADR............................ 16,614 725,866 Bodycote P.L.C..................................... 23,175 236,977 638 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Booker Group P.L.C................................. 67,742 $ 152,072 Bovis Homes Group P.L.C............................ 10,350 129,205 BP P.L.C........................................... 2,213 14,216 BP P.L.C. Sponsored ADR............................ 54,628 2,121,205 Brewin Dolphin Holdings P.L.C...................... 27,189 119,544 British American Tobacco P.L.C..................... 3,927 221,546 British American Tobacco P.L.C. Sponsored ADR...... 5,482 617,547 Britvic P.L.C...................................... 15,784 167,038 BT Group P.L.C..................................... 22,962 144,056 BT Group P.L.C. Sponsored ADR...................... 3,626 227,640 * BTG P.L.C.......................................... 10,195 121,129 Bunzl P.L.C........................................ 9,173 261,310 Burberry Group P.L.C............................... 8,550 222,124 Bwin.Party Digital Entertainment P.L.C............. 58,577 93,913 Cable & Wireless Communications P.L.C.............. 356,797 267,881 * Cairn Energy P.L.C................................. 3,880 11,182 Cape P.L.C......................................... 6,798 21,361 Capita P.L.C....................................... 11,045 185,485 Capital & Counties Properties P.L.C................ 5,570 32,190 Carillion P.L.C.................................... 39,423 202,487 Carnival P.L.C..................................... 1,122 50,233 Carnival P.L.C. ADR................................ 3,601 160,461 Castings P.L.C..................................... 1,541 8,915 Catlin Group, Ltd.................................. 32,422 340,043 Centamin P.L.C..................................... 97,065 98,059 Centrica P.L.C..................................... 147,080 649,068 Chemring Group P.L.C............................... 14,711 47,854 Chesnara P.L.C..................................... 5,168 27,356 Cineworld Group P.L.C.............................. 12,623 80,459 Close Brothers Group P.L.C......................... 13,315 303,836 Cobham P.L.C....................................... 69,012 338,289 Coca-Cola HBC AG................................... 12,625 202,918 * Colt Group SA...................................... 19,137 38,187 Compass Group P.L.C................................ 20,649 356,012 Computacenter P.L.C................................ 4,805 46,707 Connect Group P.L.C................................ 8,127 17,301 Consort Medical P.L.C.............................. 1,843 23,482 Cranswick P.L.C.................................... 2,466 48,549 Croda International P.L.C.......................... 6,322 252,478 Daily Mail & General Trust P.L.C................... 20,609 266,985 Dairy Crest Group P.L.C............................ 18,566 136,566 DCC P.L.C.......................................... 5,805 307,580 De La Rue P.L.C.................................... 2,416 18,796 Debenhams P.L.C.................................... 121,623 137,217 Dechra Pharmaceuticals P.L.C....................... 11,442 149,309 Development Securities P.L.C....................... 5,913 21,486 Devro P.L.C........................................ 13,636 57,712 Diageo P.L.C....................................... 1,074 31,791 Diageo P.L.C. Sponsored ADR........................ 3,938 465,196 Dignity P.L.C...................................... 2,915 81,645 Diploma P.L.C...................................... 13,818 158,410 Direct Line Insurance Group P.L.C.................. 95,878 449,635 Dixons Carphone P.L.C.............................. 69,836 456,383 639 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Domino Printing Sciences P.L.C..................... 6,288 $ 64,495 Domino's Pizza Group P.L.C......................... 9,229 93,429 Drax Group P.L.C................................... 20,844 113,099 DS Smith P.L.C..................................... 98,753 469,687 Dunelm Group P.L.C................................. 2,096 27,717 easyJet P.L.C...................................... 6,625 184,724 Electrocomponents P.L.C............................ 44,821 137,720 Elementis P.L.C.................................... 48,217 200,186 * EnQuest P.L.C...................................... 41,689 21,327 * Enterprise Inns P.L.C.............................. 43,830 68,049 Essentra P.L.C..................................... 27,271 339,546 Euromoney Institutional Investor P.L.C............. 1,173 18,905 Evraz P.L.C........................................ 39,779 101,800 Experian P.L.C..................................... 26,616 469,002 Fenner P.L.C....................................... 10,963 30,443 Ferrexpo P.L.C..................................... 11,268 8,497 Fidessa Group P.L.C................................ 1,625 58,614 * Firstgroup P.L.C................................... 109,601 163,572 Fresnillo P.L.C.................................... 5,454 73,670 Friends Life Group, Ltd............................ 87,287 521,965 Fuller Smith & Turner.............................. 1,079 15,907 G4S P.L.C.......................................... 112,720 483,018 Galliford Try P.L.C................................ 5,149 101,959 * Gem Diamonds, Ltd.................................. 7,370 15,671 Genus P.L.C........................................ 3,299 60,764 GKN P.L.C.......................................... 122,089 674,277 GlaxoSmithKline P.L.C.............................. 2,756 60,684 GlaxoSmithKline P.L.C. Sponsored ADR............... 18,034 793,496 Glencore P.L.C..................................... 122,896 458,228 Go-Ahead Group P.L.C............................... 2,635 97,842 Grafton Group P.L.C................................ 12,328 124,070 Greencore Group P.L.C.............................. 51,418 238,472 Greene King P.L.C.................................. 22,888 289,183 Greggs P.L.C....................................... 12,535 154,824 Halfords Group P.L.C............................... 29,956 199,864 Halma P.L.C........................................ 38,489 402,734 Hargreaves Lansdown P.L.C.......................... 5,761 87,329 Hays P.L.C......................................... 104,070 242,503 Headlam Group P.L.C................................ 2,693 18,218 Helical Bar P.L.C.................................. 5,462 31,367 Henderson Group P.L.C.............................. 58,958 210,171 Hikma Pharmaceuticals P.L.C........................ 7,484 265,190 Hill & Smith Holdings P.L.C........................ 4,259 39,014 Hiscox, Ltd........................................ 28,094 310,314 * Hochschild Mining P.L.C............................ 7,163 9,770 Home Retail Group P.L.C............................ 85,277 246,320 Homeserve P.L.C.................................... 22,046 111,638 Howden Joinery Group P.L.C......................... 45,163 288,210 HSBC Holdings P.L.C. Sponsored ADR................. 59,777 2,733,004 Hunting P.L.C...................................... 6,891 41,024 ICAP P.L.C......................................... 50,881 357,289 IG Group Holdings P.L.C............................ 37,605 408,035 * Imagination Technologies Group P.L.C............... 9,588 35,318 640 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) IMI P.L.C.......................................... 6,708 $ 128,453 Imperial Tobacco Group P.L.C....................... 11,234 527,649 Imperial Tobacco Group P.L.C. ADR.................. 329 30,735 Inchcape P.L.C..................................... 41,143 429,776 * Indivior P.L.C..................................... 3,951 10,355 Informa P.L.C...................................... 70,072 538,781 Inmarsat P.L.C..................................... 26,143 327,579 Innovation Group P.L.C............................. 39,787 17,509 InterContinental Hotels Group P.L.C................ 3,827 152,612 InterContinental Hotels Group P.L.C. ADR........... 4,260 169,378 * International Consolidated Airlines Group SA(B5282K0)...................................... 7,157 58,396 * International Consolidated Airlines Group SA(B5M6XQ7)...................................... 37,654 306,736 * International Consolidated Airlines Group SA Sponsored ADR.................................... 310 12,555 Interserve P.L.C................................... 13,010 104,499 Intertek Group P.L.C............................... 7,343 252,900 Investec P.L.C..................................... 34,732 291,826 * IP Group P.L.C..................................... 4,195 14,823 ITE Group P.L.C.................................... 8,697 17,105 ITV P.L.C.......................................... 76,644 253,655 J Sainsbury P.L.C.................................. 68,789 263,600 James Fisher & Sons P.L.C.......................... 2,048 33,922 Jardine Lloyd Thompson Group P.L.C................. 7,813 111,009 JD Sports Fashion P.L.C............................ 2,016 15,223 JD Wetherspoon P.L.C............................... 12,869 153,174 John Wood Group P.L.C.............................. 18,198 156,310 Johnson Matthey P.L.C.............................. 7,092 346,946 Jupiter Fund Management P.L.C...................... 37,605 213,909 * KAZ Minerals P.L.C................................. 23,988 72,308 Kcom Group P.L.C................................... 26,903 33,487 Keller Group P.L.C................................. 8,127 108,797 Kier Group P.L.C................................... 5,770 135,829 Kingfisher P.L.C................................... 60,176 309,555 Ladbrokes P.L.C.................................... 58,233 101,453 Laird P.L.C........................................ 31,649 151,725 * Lamprell P.L.C..................................... 16,410 26,794 Lancashire Holdings, Ltd........................... 18,974 173,999 Lavendon Group P.L.C............................... 4,539 10,800 Legal & General Group P.L.C........................ 127,849 513,457 * Lloyds Banking Group P.L.C......................... 1,445,611 1,601,468 * Lloyds Banking Group P.L.C. ADR.................... 147,326 646,761 London Stock Exchange Group P.L.C.................. 9,860 350,096 * Lonmin P.L.C....................................... 27,633 67,676 Lookers P.L.C...................................... 10,439 23,467 Man Group P.L.C.................................... 131,162 353,107 Marks & Spencer Group P.L.C........................ 41,914 304,678 Marshalls P.L.C.................................... 2,951 10,847 Marston's P.L.C.................................... 52,802 116,478 Mears Group P.L.C.................................. 2,787 17,439 Meggitt P.L.C...................................... 65,804 531,952 Melrose Industries P.L.C........................... 76,545 304,704 Michael Page International P.L.C................... 18,407 128,803 Micro Focus International P.L.C.................... 6,170 97,760 Millennium & Copthorne Hotels P.L.C................ 18,040 156,449 641 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) * Mitchells & Butlers P.L.C.......................... 23,115 $ 147,849 Mitie Group P.L.C.................................. 49,946 202,886 Mondi P.L.C........................................ 35,165 627,304 Moneysupermarket.com Group P.L.C................... 31,352 123,766 Morgan Advanced Materials P.L.C.................... 39,467 180,198 Morgan Sindall Group P.L.C......................... 1,477 14,822 * Mothercare P.L.C................................... 6,955 18,749 N Brown Group P.L.C................................ 14,374 93,130 National Express Group P.L.C....................... 59,473 228,128 National Grid P.L.C. Sponsored ADR................. 5,531 389,051 Next P.L.C......................................... 2,517 273,518 Northgate P.L.C.................................... 16,537 153,723 Novae Group P.L.C.................................. 2,133 19,247 Old Mutual P.L.C................................... 120,587 376,216 Oxford Instruments P.L.C........................... 4,682 52,346 Pace P.L.C......................................... 43,593 218,776 PayPoint P.L.C..................................... 847 10,562 Pearson P.L.C...................................... 811 16,455 Pearson P.L.C. Sponsored ADR....................... 19,229 389,580 Pennon Group P.L.C................................. 16,855 225,303 Persimmon P.L.C.................................... 20,849 499,103 * Petra Diamonds, Ltd................................ 37,602 86,700 Petrofac, Ltd...................................... 10,422 110,417 Phoenix Group Holdings............................. 15,447 194,548 Photo-Me International P.L.C....................... 21,100 43,080 Playtech P.L.C..................................... 9,215 93,792 Premier Farnell P.L.C.............................. 19,111 48,586 * Premier Foods P.L.C................................ 76,757 49,945 Premier Oil P.L.C.................................. 28,771 62,378 Prudential P.L.C. ADR.............................. 15,495 752,127 PZ Cussons P.L.C................................... 17,910 84,917 QinetiQ Group P.L.C................................ 61,552 172,956 * Quintain Estates & Development P.L.C............... 32,444 47,003 Randgold Resources, Ltd............................ 4,394 377,136 Reckitt Benckiser Group P.L.C...................... 4,458 377,302 Redrow P.L.C....................................... 16,780 71,173 Reed Elsevier P.L.C................................ 9,109 158,141 Reed Elsevier P.L.C. Sponsored ADR................. 3,113 216,353 Regus P.L.C........................................ 68,022 206,808 Renishaw P.L.C..................................... 2,497 87,019 Rentokil Initial P.L.C............................. 126,264 229,876 Restaurant Group P.L.C. (The)...................... 21,667 233,787 Rexam P.L.C........................................ 57,734 368,936 Ricardo P.L.C...................................... 1,207 12,152 Rightmove P.L.C.................................... 6,602 230,638 Rio Tinto P.L.C.................................... 2,919 128,270 Rio Tinto P.L.C. Sponsored ADR..................... 33,647 1,484,842 Robert Walters P.L.C............................... 2,498 12,597 Rolls-Royce Holdings P.L.C......................... 24,570 328,256 Rotork P.L.C....................................... 5,830 201,534 * Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 22,522 244,589 Royal Dutch Shell P.L.C.(B03MLX2).................. 324 9,874 Royal Dutch Shell P.L.C.(B03MM40).................. 1,701 53,854 642 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Royal Dutch Shell P.L.C.(B03MM73).................. 36,390 $2,328,596 Royal Dutch Shell P.L.C. ADR....................... 40,165 2,468,139 Royal Mail P.L.C................................... 23,662 154,659 RPC Group P.L.C.................................... 31,912 259,774 RPS Group P.L.C.................................... 9,881 27,081 * RSA Insurance Group P.L.C.......................... 77,241 527,075 SABMiller P.L.C.................................... 4,956 269,935 Sage Group P.L.C. (The)............................ 57,160 412,058 Savills P.L.C...................................... 15,122 165,949 Schroders P.L.C.(0239581).......................... 1,436 48,306 Schroders P.L.C.(0240549).......................... 2,687 116,765 * SDL P.L.C.......................................... 3,652 23,275 Senior P.L.C....................................... 48,435 225,017 Serco Group P.L.C.................................. 8,978 20,802 * Severfield P.L.C................................... 10,461 10,653 Severn Trent P.L.C................................. 8,228 266,379 Shanks Group P.L.C................................. 33,058 48,867 Shire P.L.C.(B2QKY05).............................. 3,729 272,172 Shire P.L.C.(B39JBM7).............................. 735 161,156 SIG P.L.C.......................................... 59,680 165,511 Sky P.L.C.......................................... 17,458 243,455 Sky P.L.C. Sponsored ADR........................... 636 35,489 Smiths Group P.L.C................................. 23,925 404,907 Soco International P.L.C........................... 14,068 55,239 Spectris P.L.C..................................... 12,875 404,586 Speedy Hire P.L.C.................................. 22,182 24,249 Spirax-Sarco Engineering P.L.C..................... 8,088 371,225 Spirent Communications P.L.C....................... 53,196 71,024 * Sports Direct International P.L.C.................. 16,502 175,992 SSE P.L.C.......................................... 24,516 593,254 St James's Place P.L.C............................. 29,079 374,126 ST Modwen Properties P.L.C......................... 16,863 106,066 Stagecoach Group P.L.C............................. 28,253 145,448 Standard Chartered P.L.C........................... 25,922 345,667 Standard Life P.L.C................................ 51,975 314,025 Sthree P.L.C....................................... 1,993 10,129 * SuperGroup P.L.C................................... 2,117 30,645 Synthomer P.L.C.................................... 29,753 108,761 TalkTalk Telecom Group P.L.C....................... 34,369 164,147 Tate & Lyle P.L.C.................................. 42,539 433,852 Taylor Wimpey P.L.C................................ 211,338 429,347 Ted Baker P.L.C.................................... 1,713 61,066 Telecity Group P.L.C............................... 21,229 275,028 Telecom Plus P.L.C................................. 1,008 16,505 Tesco P.L.C........................................ 129,980 439,548 * Thomas Cook Group P.L.C............................ 104,167 200,006 Travis Perkins P.L.C............................... 17,609 508,130 * Trinity Mirror P.L.C............................... 16,674 43,235 TT electronics P.L.C............................... 9,905 16,444 Tullett Prebon P.L.C............................... 17,211 86,558 Tullow Oil P.L.C................................... 15,985 87,939 UBM P.L.C.......................................... 29,436 233,740 UDG Healthcare P.L.C............................... 19,776 116,641 643 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Ultra Electronics Holdings P.L.C.................. 8,210 $ 215,674 Unilever P.L.C.................................... 1,655 72,876 Unilever P.L.C. Sponsored ADR..................... 8,677 381,528 UNITE Group P.L.C. (The).......................... 17,720 130,513 United Utilities Group P.L.C...................... 15,351 236,925 UTV Media P.L.C................................... 3,416 9,826 * Vectura Group P.L.C............................... 13,265 30,181 Vedanta Resources P.L.C........................... 7,513 41,983 Vesuvius P.L.C.................................... 17,070 112,707 Victrex P.L.C..................................... 9,009 278,498 Vodafone Group P.L.C.............................. 106,941 376,056 Vodafone Group P.L.C. Sponsored ADR............... 31,855 1,119,066 Weir Group P.L.C. (The)........................... 9,013 227,234 WH Smith P.L.C.................................... 6,169 124,943 Whitbread P.L.C................................... 4,851 364,120 William Hill P.L.C................................ 94,393 534,792 Wilmington Group P.L.C............................ 3,711 12,171 WM Morrison Supermarkets P.L.C.................... 228,230 615,793 Wolseley P.L.C.................................... 6,559 380,193 WPP P.L.C......................................... 11,267 247,768 WPP P.L.C. Sponsored ADR.......................... 3,436 378,372 WS Atkins P.L.C................................... 8,257 155,600 Xchanging P.L.C................................... 16,996 40,050 ------------ TOTAL UNITED KINGDOM.................................. 79,224,207 ------------ UNITED STATES -- (0.0%) * Endo International P.L.C.......................... 500 40,273 ------------ TOTAL COMMON STOCKS................................... 416,274,363 ------------ PREFERRED STOCKS -- (0.0%) GERMANY -- (0.0%) Porsche Automobil Holding SE...................... 1,446 121,179 ------------ RIGHTS/WARRANTS -- (0.0%) SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA.... 4,231 2,152 * Banco Santander SA................................ 190,952 29,232 ------------ TOTAL SPAIN........................................... 31,384 ------------ TOTAL RIGHTS/WARRANTS................................. 31,384 ------------ AFFILIATED INVESTMENT COMPANIES -- (21.9%) UNITED STATES -- (21.9%) Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc................. 6,537,124 124,662,958 International Core Equity Portfolio of DFA Investment Dimensions Group Inc................. 73,309 854,786 ------------ TOTAL UNITED STATES................................... 125,517,744 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES.. 125,517,744 ------------ 644 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SECURITIES LENDING COLLATERAL -- (5.7%) (S)@ DFA Short Term Investment Fund.................... 2,848,929 $ 32,962,113 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $584,975,278)................................. $574,906,783 ============ 645 SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ------------ AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc...................... 4,416,774 $ 74,510,986 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc.................. 4,971,597 57,968,817 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc............... 1,338,694 25,528,895 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $147,048,385)..................... 158,008,698 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $147,048,385)^^............................. $158,008,698 ============ 646 SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ --------- ------- ------------ Affiliated Investment Companies..................... $158,008,698 -- -- $158,008,698 Futures Contracts**............. (218,992) -- -- (218,992) Forward Currency Contracts**................... -- $(222,466) -- (222,466) ------------ --------- -- ------------ TOTAL........................... $157,789,706 $(222,466) -- $157,567,240 ============ ========= == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 647 EMERGING MARKETS PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ -------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Emerging Markets Series of The DFA Investment Trust Company................................................. $4,062,698,351 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $3,120,083,896)^^.................................... $4,062,698,351 ============== Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 648 EMERGING MARKETS SMALL CAP PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ -------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company...................................... $4,882,581,741 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $4,563,172,321)^^.................................... $4,882,581,741 ============== Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 649 EMERGING MARKETS VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ --------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in Dimensional Emerging Markets Value Fund.......... $17,065,010,669 --------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $17,838,008,395)^^.................................. $17,065,010,669 =============== Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 650 EMERGING MARKETS CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (89.3%) BRAZIL -- (5.4%) * Abril Educacao SA.................................. 407,400 $ 1,472,075 AES Tiete SA....................................... 386,170 1,965,517 Aliansce Shopping Centers SA....................... 572,940 3,426,454 ALL - America Latina Logistica SA.................. 2,389,193 3,444,636 Alupar Investimento SA............................. 78,700 558,483 AMBEV SA........................................... 1,591,620 10,472,268 # AMBEV SA ADR....................................... 9,636,824 63,410,302 Arezzo Industria e Comercio SA..................... 310,131 2,711,374 * B2W Cia Digital.................................... 702,459 6,000,490 * Banco ABC Brasil SA................................ 21,342 90,275 Banco Bradesco SA.................................. 2,638,170 33,021,831 Banco do Brasil SA................................. 3,629,612 27,975,354 BB Seguridade Participacoes SA..................... 829,375 9,059,731 Bematech SA........................................ 341,600 1,313,401 * BHG SA - Brazil Hospitality Group.................. 127,600 822,116 BM&FBovespa SA..................................... 9,686,489 32,788,894 BR Malls Participacoes SA.......................... 2,019,347 11,496,355 Brasil Brokers Participacoes SA.................... 938,222 941,705 Brasil Insurance Participacoes e Administracao SA.. 422,234 316,819 BrasilAgro - Co. Brasileira de Propriedades Agricolas........................................ 4,700 14,786 # Braskem SA Sponsored ADR........................... 403,862 3,804,380 * Brazil Pharma SA................................... 615,026 255,625 BRF SA............................................. 812,706 19,408,683 BRF SA ADR......................................... 1,233,685 29,263,008 CCR SA............................................. 2,540,008 14,486,050 Centrais Eletricas Brasileiras SA.................. 932,000 1,788,470 # Centrais Eletricas Brasileiras SA ADR.............. 130,848 300,950 # Centrais Eletricas Brasileiras SA Sponsored ADR.... 322,427 606,163 CETIP SA - Mercados Organizados.................... 1,046,065 13,446,032 Cia Brasileira de Distribuicao ADR................. 196,188 6,436,928 Cia de Locacao das Americas........................ 74,700 101,923 Cia de Saneamento Basico do Estado de Sao Paulo.... 676,028 3,369,167 # Cia de Saneamento Basico do Estado de Sao Paulo ADR.............................................. 841,986 4,092,052 Cia de Saneamento de Minas Gerais-COPASA........... 391,488 2,475,244 Cia Energetica de Minas Gerais..................... 300,013 1,409,153 Cia Energetica de Minas Gerais Sponsored ADR....... 1,067,860 4,816,046 Cia Hering......................................... 1,365,352 9,255,848 Cia Paranaense de Energia.......................... 89,400 722,174 # Cia Paranaense de Energia Sponsored ADR............ 282,946 3,282,174 * Cia Providencia Industria e Comercio SA............ 54,100 163,904 Cia Siderurgica Nacional SA........................ 542,600 841,225 # Cia Siderurgica Nacional SA Sponsored ADR.......... 3,435,178 5,152,767 Cielo SA........................................... 1,690,925 25,189,697 Contax Participacoes SA............................ 162,150 641,602 * Cosan Logistica SA................................. 655,006 536,594 Cosan SA Industria e Comercio...................... 655,006 6,012,406 CPFL Energia SA.................................... 618,400 3,899,507 # CPFL Energia SA ADR................................ 224,362 2,806,769 * CR2 Empreendimentos Imobiliarios SA................ 27,200 26,001 Cyrela Brazil Realty SA Empreendimentos e Participacoes.................................... 1,910,317 7,692,239 Cyrela Commercial Properties SA Empreendimentos e Participacoes.................................... 15,734 63,722 651 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- BRAZIL -- (Continued) Dimed SA Distribuidora da Medicamentos............. 900 $ 68,753 Direcional Engenharia SA........................... 792,681 1,920,219 Duratex SA......................................... 1,606,361 4,441,407 EcoRodovias Infraestrutura e Logistica SA.......... 1,058,179 4,081,542 EDP - Energias do Brasil SA........................ 1,804,220 5,799,997 Embraer SA......................................... 233,006 2,069,096 Embraer SA ADR..................................... 749,149 26,414,994 Equatorial Energia SA.............................. 1,159,444 10,763,741 Estacio Participacoes SA........................... 1,262,300 7,860,402 Eternit SA......................................... 1,063,420 1,226,703 Even Construtora e Incorporadora SA................ 1,902,877 3,081,432 Ez Tec Empreendimentos e Participacoes SA.......... 306,297 1,874,809 * Fertilizantes Heringer SA.......................... 164,008 232,267 * Fibria Celulose SA................................. 483,242 5,856,534 #* Fibria Celulose SA Sponsored ADR................... 1,146,541 13,907,542 Fleury SA.......................................... 386,593 1,992,345 * Forjas Taurus SA................................... 1,115 2,268 Fras-Le SA......................................... 6,000 8,539 Gafisa SA.......................................... 714,800 502,642 # Gafisa SA ADR...................................... 1,410,877 2,017,554 * General Shopping Brasil SA......................... 177,200 392,752 Gerdau SA.......................................... 611,482 1,694,047 Gerdau SA Sponsored ADR............................ 3,918,964 13,520,426 # Gol Linhas Aereas Inteligentes SA ADR.............. 132,200 594,900 Grendene SA........................................ 493,228 2,551,128 Guararapes Confeccoes SA........................... 31,432 918,956 Helbor Empreendimentos SA.......................... 1,009,969 1,466,415 * Hypermarcas SA..................................... 1,857,266 12,630,971 * IdeiasNet SA....................................... 14,400 7,912 Iguatemi Empresa de Shopping Centers SA............ 462,244 4,184,026 Industrias Romi SA................................. 96,608 72,610 International Meal Co. Holdings SA................. 369,476 1,058,045 Iochpe-Maxion SA................................... 441,569 1,836,184 Itau Unibanco Holding SA........................... 843,235 9,442,859 JBS SA............................................. 3,951,261 16,864,611 JHSF Participacoes SA.............................. 530,529 424,966 Joao Fortes Engenharia SA.......................... 20,369 37,956 JSL SA............................................. 473,718 1,908,397 Kepler Weber SA.................................... 102,004 1,449,092 Klabin SA.......................................... 3,384,795 17,328,169 Kroton Educacional SA.............................. 5,844,144 26,906,774 Light SA........................................... 540,696 2,856,964 Linx SA............................................ 8,900 156,145 Localiza Rent a Car SA............................. 837,096 10,903,823 * Log-in Logistica Intermodal SA..................... 396,879 509,698 Lojas Americanas SA................................ 790,387 3,444,902 Lojas Renner SA.................................... 637,832 16,796,056 LPS Brasil Consultoria de Imoveis SA............... 389,180 827,382 M Dias Branco SA................................... 141,085 4,343,880 Magnesita Refratarios SA........................... 823,561 575,195 Mahle-Metal Leve SA Industria e Comercio........... 286,000 2,129,579 Marcopolo SA....................................... 24,800 24,697 * Marfrig Global Foods SA............................ 2,290,520 4,294,572 652 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- BRAZIL -- (Continued) Marisa Lojas SA.................................... 267,056 $ 1,455,667 Mills Estruturas e Servicos de Engenharia SA....... 520,190 1,106,024 * Minerva SA......................................... 1,091,485 3,520,264 MRV Engenharia e Participacoes SA.................. 2,752,487 7,121,552 Multiplan Empreendimentos Imobiliarios SA.......... 351,416 6,286,393 Multiplus SA....................................... 479,248 6,197,914 Natura Cosmeticos SA............................... 853,600 9,969,415 Odontoprev SA...................................... 1,572,096 6,049,128 * Oi SA.............................................. 300,530 604,305 * Oi SA ADR(670851302)............................... 13,654 27,991 #* Oi SA ADR(670851401)............................... 201,508 396,971 * Paranapanema SA.................................... 1,539,931 1,123,272 * PDG Realty SA Empreendimentos e Participacoes...... 10,042,401 1,954,036 Petroleo Brasileiro SA............................. 1,061,101 3,180,115 # Petroleo Brasileiro SA ADR......................... 3,836,209 23,055,616 Porto Seguro SA.................................... 656,852 6,622,705 Portobello SA...................................... 150,900 225,001 Positivo Informatica SA............................ 5,900 4,396 Profarma Distribuidora de Produtos Farmaceuticos SA............................................... 138,300 356,441 * Prumo Logistica SA................................. 433,350 50,044 QGEP Participacoes SA.............................. 634,800 1,348,058 * Qualicorp SA....................................... 1,006,573 9,978,011 Raia Drogasil SA................................... 889,325 8,517,074 Redentor Energia SA................................ 100 144 Restoque Comercio e Confeccoes de Roupas SA........ 619,823 1,716,652 Rodobens Negocios Imobiliarios SA.................. 142,921 528,896 * Rossi Residencial SA............................... 496,343 391,692 Santos Brasil Participacoes SA..................... 377,345 1,935,945 Sao Carlos Empreendimentos e Participacoes SA...... 8,800 98,960 Sao Martinho SA.................................... 328,587 4,179,736 SLC Agricola SA.................................... 463,124 2,472,145 Smiles SA.......................................... 157,900 2,485,697 Sonae Sierra Brasil SA............................. 184,718 1,077,836 Souza Cruz SA...................................... 1,262,600 10,582,356 * Springs Global Participacoes SA.................... 238,680 79,167 Sul America SA..................................... 1,337,710 5,704,558 * T4F Entretenimento SA.............................. 93,900 84,288 Technos SA......................................... 104,816 260,160 Tecnisa SA......................................... 808,495 944,468 Tegma Gestao Logistica............................. 258,900 1,339,833 # Telefonica Brasil SA ADR........................... 401,855 7,410,206 Tempo Participacoes SA............................. 252,297 321,981 Tereos Internacional SA............................ 106,388 40,838 Tim Participacoes SA............................... 1,005,844 4,422,519 Tim Participacoes SA ADR........................... 276,754 6,107,961 Totvs SA........................................... 841,470 10,538,188 * TPI - Triunfo Participacoes e Investimentos SA..... 168,927 310,250 Tractebel Energia SA............................... 726,635 8,449,333 Transmissora Alianca de Energia Eletrica SA........ 1,338,273 9,815,296 Trisul SA.......................................... 51,685 53,549 Ultrapar Participacoes SA.......................... 1,440,250 28,400,464 Ultrapar Participacoes SA Sponsored ADR............ 70,925 1,388,711 UNICASA Industria de Moveis SA..................... 76,300 60,053 653 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ BRAZIL -- (Continued) * Usinas Siderurgicas de Minas Gerais SA............ 196,844 $ 1,248,026 Vale SA........................................... 711,200 4,965,301 # Vale SA Sponsored ADR............................. 3,602,651 25,326,637 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A................ 509,292 7,287,504 * Vanguarda Agro SA................................. 1,428,454 517,141 WEG SA............................................ 857,911 10,237,015 ------------ TOTAL BRAZIL.......................................... 899,860,143 ------------ CHILE -- (1.2%) AES Gener SA...................................... 7,511,797 3,915,581 Aguas Andinas SA Class A.......................... 11,398,986 6,566,897 Banco de Chile.................................... 36,416,458 4,049,109 # Banco de Chile ADR................................ 83,938 5,518,084 Banco de Credito e Inversiones.................... 147,635 6,221,464 Banco Santander Chile............................. 4,243,634 202,508 Banco Santander Chile ADR......................... 475,606 9,055,538 Banmedica SA...................................... 596,563 1,037,326 Besalco SA........................................ 1,451,429 716,593 Bupa Chile SA..................................... 329,718 262,024 CAP SA............................................ 343,366 844,168 Cementos BIO BIO SA............................... 180,149 143,949 Cencosud SA....................................... 3,431,199 8,416,459 Cencosud SA ADR................................... 3,035 22,854 Cia Cervecerias Unidas SA......................... 160,549 1,473,910 # Cia Cervecerias Unidas SA ADR..................... 149,233 2,736,933 * Cia Pesquera Camanchaca SA........................ 220,903 11,308 * Cia Sud Americana de Vapores SA................... 24,088,387 809,914 Cintac SA......................................... 161,631 25,515 * Clinica LAS Condes SA............................. 309 18,637 Colbun SA......................................... 22,558,611 6,184,082 Corpbanca SA...................................... 656,156,636 7,249,151 # Corpbanca SA ADR.................................. 51,470 855,431 Cristalerias de Chile SA.......................... 59,157 401,528 E.CL SA........................................... 2,942,906 4,580,574 # Embotelladora Andina SA Class A ADR............... 2,422 34,271 Embotelladora Andina SA Class B ADR............... 22,399 374,959 Empresa Electrica Pilmaiquen SA................... 30,933 141,743 Empresa Nacional de Electricidad SA............... 4,107,553 5,888,898 # Empresa Nacional de Electricidad SA Sponsored ADR............................................. 185,188 7,907,528 * Empresas AquaChile SA............................. 433,769 280,071 Empresas CMPC SA.................................. 6,029,740 15,128,928 Empresas COPEC SA................................. 1,466,772 16,682,875 Empresas Hites SA................................. 1,075,010 352,799 Empresas Iansa SA................................. 17,399,035 462,114 * Empresas La Polar SA.............................. 1,986,927 72,325 Enersis SA........................................ 9,511,254 2,935,029 Enersis SA Sponsored ADR.......................... 1,299,139 19,811,870 Enjoy SA.......................................... 407,211 36,623 ENTEL Chile SA.................................... 763,068 7,202,065 Forus SA.......................................... 461,355 1,673,770 Gasco SA.......................................... 66,259 564,073 Grupo Security SA................................. 634,855 194,378 654 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ CHILE -- (Continued) Inversiones Aguas Metropolitanas SA............... 3,235,112 $ 5,005,927 Inversiones La Construccion SA.................... 40,548 485,481 * Latam Airlines Group SA(2518932).................. 121,449 1,277,078 * Latam Airlines Group SA(B8L1G76).................. 105,702 1,091,588 #* Latam Airlines Group SA Sponsored ADR............. 839,537 8,705,999 Masisa SA......................................... 11,576,658 321,297 Molibdenos y Metales SA........................... 84,984 659,334 * Multiexport Foods SA.............................. 2,734,356 548,442 Parque Arauco SA.................................. 4,067,164 7,221,243 PAZ Corp. SA...................................... 1,350,362 745,798 Ripley Corp. SA................................... 4,441,735 1,828,283 SACI Falabella.................................... 1,745,800 11,476,410 Salfacorp SA...................................... 656,459 437,078 Sigdo Koppers SA.................................. 1,756,594 2,378,993 Sociedad Matriz SAAM SA........................... 15,502,982 1,100,408 Sociedad Quimica y Minera de Chile SA Sponsored ADR............................................. 87,991 2,099,465 Socovesa SA....................................... 1,364,609 271,771 Sonda SA.......................................... 2,305,566 5,596,261 * Tech Pack SA...................................... 201,054 84,173 Vina Concha y Toro SA............................. 2,073,151 3,769,014 # Vina Concha y Toro SA Sponsored ADR............... 26,285 959,403 Vina San Pedro Tarapaca SA........................ 16,383,152 126,555 ------------ TOTAL CHILE........................................... 207,253,857 ------------ CHINA -- (14.7%) # 361 Degrees International, Ltd.................... 3,838,000 1,097,903 Agile Property Holdings, Ltd...................... 8,738,465 5,300,544 Agricultural Bank of China, Ltd. Class H.......... 47,803,460 23,404,500 Air China, Ltd. Class H........................... 6,124,000 5,851,735 # Ajisen China Holdings, Ltd........................ 1,979,000 1,146,295 * Alibaba Health Information Technology, Ltd........ 4,732,000 3,097,936 #* Alibaba Pictures Group, Ltd....................... 3,300,000 650,773 #* Aluminum Corp. of China, Ltd. ADR................. 246,740 2,743,749 #* Aluminum Corp. of China, Ltd. Class H............. 10,560,000 4,754,128 AMVIG Holdings, Ltd............................... 1,582,000 773,048 # Angang Steel Co., Ltd. Class H.................... 5,921,160 4,380,190 Anhui Conch Cement Co., Ltd. Class H.............. 2,995,500 10,046,828 # Anhui Expressway Co., Ltd. Class H................ 2,272,000 1,646,177 Anhui Tianda Oil Pipe Co., Ltd.................... 589,130 93,527 # Anta Sports Products, Ltd......................... 3,246,000 5,746,836 # Anton Oilfield Services Group..................... 4,602,000 891,430 # Anxin-China Holdings, Ltd......................... 13,373,000 912,881 Asia Cement China Holdings Corp................... 2,603,000 1,335,230 #* Asian Citrus Holdings, Ltd........................ 3,647,000 390,581 Ausnutria Dairy Corp., Ltd........................ 67,000 23,388 #* AVIC International Holding HK, Ltd................ 4,994,000 423,415 * AVIC International Holdings, Ltd.................. 560,000 391,128 # AviChina Industry & Technology Co., Ltd. Class H.. 7,645,212 4,949,662 Bank of China, Ltd. Class H....................... 157,471,702 87,707,348 Bank of Communications Co., Ltd. Class H.......... 19,061,618 16,002,450 # Baoxin Auto Group, Ltd............................ 1,198,500 690,697 Baoye Group Co., Ltd. Class H..................... 1,460,440 846,388 # BBMG Corp. Class H................................ 5,567,702 4,865,328 655 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) Beijing Capital International Airport Co., Ltd. Class H......................................... 9,528,000 $ 9,028,393 Beijing Capital Land, Ltd. Class H................ 5,746,000 2,649,012 #* Beijing Development HK, Ltd....................... 437,000 132,086 Beijing Enterprises Holdings, Ltd................. 1,543,528 11,724,525 # Beijing Enterprises Water Group, Ltd.............. 9,914,469 6,471,073 # Beijing Jingneng Clean Energy Co., Ltd. Class H... 3,058,000 1,222,837 # Beijing North Star Co., Ltd. Class H.............. 3,824,000 1,205,347 #* Beijing Properties Holdings, Ltd.................. 2,142,967 162,998 Belle International Holdings, Ltd................. 10,180,114 11,497,009 # Biostime International Holdings, Ltd.............. 634,500 1,724,832 # Bloomage Biotechnology Corp., Ltd................. 400,000 662,002 # Boer Power Holdings, Ltd.......................... 1,024,000 1,115,579 # Bosideng International Holdings, Ltd.............. 15,934,157 2,046,469 Brilliance China Automotive Holdings, Ltd......... 4,384,000 8,052,534 # Byd Co., Ltd. Class H............................. 1,329,300 4,819,238 # BYD Electronic International Co., Ltd............. 4,359,222 4,570,650 C C Land Holdings, Ltd............................ 7,117,354 1,225,766 #* Carnival Group International Holdings, Ltd........ 744,000 119,650 Carrianna Group Holdings Co., Ltd................. 1,640,877 196,490 # CECEP COSTIN New Materials Group, Ltd............. 492,000 206,295 # Central China Real Estate, Ltd.................... 3,248,074 810,617 # Changshouhua Food Co., Ltd........................ 1,543,000 1,060,396 #* Chaoda Modern Agriculture Holdings, Ltd........... 5,616,910 393,184 # Chaowei Power Holdings, Ltd....................... 2,728,000 1,139,658 * Chigo Holding, Ltd................................ 22,124,000 475,502 # China Aerospace International Holdings, Ltd....... 10,982,600 1,382,526 China Agri-Industries Holdings, Ltd............... 11,372,800 4,608,260 # China All Access Holdings, Ltd.................... 3,094,000 1,036,673 China Animal Healthcare, Ltd...................... 1,485,000 1,000,809 China Aoyuan Property Group, Ltd.................. 6,472,000 1,041,719 * China Automation Group, Ltd....................... 3,425,000 397,009 China BlueChemical, Ltd........................... 8,045,122 2,796,742 * China Chengtong Development Group, Ltd............ 2,718,000 161,889 # China Child Care Corp., Ltd....................... 2,314,000 367,202 China CITIC Bank Corp., Ltd. Class H.............. 23,858,607 17,673,801 # China Coal Energy Co., Ltd. Class H............... 18,516,168 10,248,305 China Communications Construction Co., Ltd. Class H......................................... 16,467,387 17,847,554 China Communications Services Corp., Ltd. Class H......................................... 11,157,327 5,038,631 China Construction Bank Corp. Class H............. 195,696,302 156,902,526 #* China COSCO Holdings Co., Ltd. Class H............ 11,544,000 5,691,293 #* China Culiangwang Beverages Holdings, Ltd......... 2,800,500 158,072 # China Datang Corp. Renewable Power Co., Ltd. Class H......................................... 11,047,000 1,590,607 # China Dongxiang Group Co., Ltd.................... 12,911,888 2,178,277 #* China Dredging Environment Protection Holdings, Ltd............................................. 2,288,000 401,814 #* China Eastern Airlines Corp., Ltd. Class H........ 5,080,000 2,576,355 * China Energine International Holdings, Ltd........ 6,260,000 674,870 China Everbright International, Ltd............... 8,832,000 12,985,549 China Everbright, Ltd............................. 4,496,896 9,701,744 # China Fiber Optic Network System Group, Ltd....... 2,674,000 650,943 #* China Foods, Ltd.................................. 4,396,000 1,449,889 # China Galaxy Securities Co., Ltd. Class H......... 452,500 484,130 China Gas Holdings, Ltd........................... 5,958,000 9,238,963 China Glass Holdings, Ltd......................... 4,404,000 566,125 656 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) * China High Precision Automation Group, Ltd......... 1,360,000 $ 40,130 * China High Speed Transmission Equipment Group Co., Ltd.............................................. 6,094,007 4,302,588 China Hongqiao Group, Ltd.......................... 3,892,500 2,482,093 * China Household Holdings, Ltd...................... 10,050,000 687,086 * China Huiyuan Juice Group, Ltd..................... 3,217,000 1,048,234 China International Marine Containers Group Co., Ltd. Class H..................................... 266,900 509,781 # China ITS Holdings Co., Ltd........................ 2,751,096 329,874 # China Lesso Group Holdings, Ltd.................... 4,533,000 2,192,033 # China Life Insurance Co., Ltd. ADR................. 313,416 18,002,615 China Life Insurance Co., Ltd. Class H............. 5,510,000 21,386,646 China Lilang, Ltd.................................. 1,872,000 1,176,075 China Longyuan Power Group Corp., Ltd. Class H..... 7,079,000 7,561,487 #* China Lumena New Materials Corp.................... 15,666,000 947,259 China Medical System Holdings, Ltd................. 2,928,800 5,058,156 China Mengniu Dairy Co., Ltd....................... 2,574,000 11,761,747 China Merchants Bank Co., Ltd. Class H............. 14,193,146 31,715,589 China Merchants Holdings International Co., Ltd.... 3,609,752 13,218,843 #* China Metal Recycling Holdings, Ltd................ 1,955,133 445,890 * China Mining Resources Group, Ltd.................. 1,302,900 11,056 China Minsheng Banking Corp., Ltd. Class H......... 17,463,800 21,176,216 China Mobile, Ltd.................................. 3,987,000 52,059,548 # China Mobile, Ltd. Sponsored ADR................... 1,861,391 121,586,060 #* China Modern Dairy Holdings, Ltd................... 5,582,000 1,794,955 # China Molybdenum Co., Ltd. Class H................. 3,996,000 2,523,067 China National Building Material Co., Ltd. Class H.......................................... 12,520,000 12,067,980 China National Materials Co., Ltd.................. 5,688,000 1,512,318 * China New Town Development Co., Ltd................ 5,843,677 326,903 * China Nickel Resources Holdings Co., Ltd........... 2,674,000 55,602 # China Oceanwide Holdings, Ltd...................... 1,932,000 207,814 # China Oil & Gas Group, Ltd......................... 22,980,000 2,960,893 China Oilfield Services, Ltd. Class H.............. 5,218,000 8,609,873 # China Overseas Grand Oceans Group, Ltd............. 3,522,000 1,852,169 China Overseas Land & Investment, Ltd.............. 8,650,033 25,108,921 China Pacific Insurance Group Co., Ltd. Class H.... 4,680,065 22,491,265 China Petroleum & Chemical Corp. ADR............... 246,852 19,553,131 China Petroleum & Chemical Corp. Class H........... 31,492,400 24,999,265 # China Power International Development, Ltd......... 13,000,200 7,481,443 #* China Power New Energy Development Co., Ltd........ 22,560,000 1,376,258 #* China Precious Metal Resources Holdings Co., Ltd... 13,461,682 1,181,828 * China Properties Group, Ltd........................ 2,449,000 413,289 * China Qinfa Group, Ltd............................. 2,670,000 88,410 China Railway Construction Corp., Ltd. Class H..... 8,466,687 9,682,731 China Railway Group, Ltd. Class H.................. 9,962,000 7,284,488 * China Rare Earth Holdings, Ltd..................... 7,016,000 1,160,958 China Resources Cement Holdings, Ltd............... 7,800,946 4,639,452 China Resources Enterprise, Ltd.................... 4,418,000 9,695,382 China Resources Gas Group, Ltd..................... 1,614,000 3,920,134 China Resources Land, Ltd.......................... 7,072,610 18,111,604 China Resources Power Holdings Co., Ltd............ 3,410,000 9,591,485 #* China Rongsheng Heavy Industries Group Holdings, Ltd.............................................. 17,560,000 1,593,850 * China Ruifeng Renewable Energy, Ltd................ 1,740,000 244,657 # China Sanjiang Fine Chemicals Co., Ltd............. 3,282,000 973,637 * China SCE Property Holdings, Ltd................... 2,563,400 493,485 657 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) # China Shanshui Cement Group, Ltd................... 10,203,645 $ 4,546,694 China Shenhua Energy Co., Ltd. Class H............. 8,719,500 23,935,319 China Shineway Pharmaceutical Group, Ltd........... 1,729,000 2,708,724 #* China Shipping Container Lines Co., Ltd. Class H... 20,233,300 6,375,751 #* China Shipping Development Co., Ltd. Class H....... 7,204,000 5,116,410 # China Singyes Solar Technologies Holdings, Ltd..... 2,581,800 3,607,895 # China South City Holdings, Ltd..................... 10,122,711 3,324,184 China Southern Airlines Co., Ltd. Class H.......... 6,660,000 3,546,339 # China Southern Airlines Co., Ltd. Sponsored ADR.... 41,944 1,111,516 China Starch Holdings, Ltd......................... 8,270,000 182,400 China State Construction International Holdings, Ltd.............................................. 3,687,520 5,661,964 # China Suntien Green Energy Corp., Ltd. Class H..... 7,740,000 1,721,717 #* China Taifeng Beddings Holdings, Ltd............... 1,662,000 207,201 #* China Taiping Insurance Holdings Co., Ltd.......... 4,494,666 13,824,793 China Telecom Corp., Ltd. ADR...................... 137,239 8,036,716 China Telecom Corp., Ltd. Class H.................. 8,024,000 4,745,278 #* China Tian Lun Gas Holdings, Ltd................... 615,000 644,679 * China Tianyi Holdings, Ltd......................... 1,996,000 185,778 * China Tontine Wines Group, Ltd..................... 3,330,000 118,126 #* China Traditional Chinese Medicine Co., Ltd........ 738,000 480,697 China Travel International Investment Hong Kong, Ltd.............................................. 13,193,892 4,380,596 China Unicom Hong Kong, Ltd........................ 5,068,000 7,585,760 China Unicom Hong Kong, Ltd. ADR................... 1,117,285 16,703,411 China Vanadium Titano - Magnetite Mining Co., Ltd.. 4,955,000 452,838 # China Water Affairs Group, Ltd..................... 4,664,000 2,201,987 #* China Water Industry Group, Ltd.................... 1,440,000 270,293 * China WindPower Group, Ltd......................... 19,845,909 1,208,844 #* China Yurun Food Group, Ltd........................ 7,579,000 2,913,603 China ZhengTong Auto Services Holdings, Ltd........ 4,907,500 2,462,885 # China Zhongwang Holdings, Ltd...................... 9,010,779 3,963,514 * Chinasoft International, Ltd....................... 4,892,000 1,558,323 * Chinese People Holdings Co., Ltd................... 11,215,071 183,159 * Chongqing Iron & Steel Co., Ltd. Class H........... 2,106,000 424,526 Chongqing Machinery & Electric Co., Ltd. Class H... 5,647,962 870,109 Chongqing Rural Commercial Bank Co., Ltd. Class H.. 12,371,000 7,588,295 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd.................................... 2,419,000 607,442 # CIMC Enric Holdings, Ltd........................... 2,430,000 1,861,866 * CITIC Dameng Holdings, Ltd......................... 935,000 68,375 #* CITIC Resources Holdings, Ltd...................... 12,768,000 1,674,892 # CITIC Securities Co., Ltd. Class H................. 2,020,500 6,465,334 CITIC, Ltd......................................... 6,532,567 11,227,227 # Citychamp Watch & Jewellery Group, Ltd............. 10,242,000 1,254,365 Clear Media, Ltd................................... 192,000 190,624 * CNNC International, Ltd............................ 414,898 158,560 CNOOC, Ltd......................................... 31,447,000 41,807,870 # CNOOC, Ltd. ADR.................................... 239,300 31,862,795 * Coastal Greenland, Ltd............................. 3,432,000 100,161 # Comba Telecom Systems Holdings, Ltd................ 5,369,180 1,294,174 * Comtec Solar Systems Group, Ltd.................... 4,346,000 546,699 # Coolpad Group, Ltd................................. 14,392,000 2,917,379 # Cosco International Holdings, Ltd.................. 1,328,000 544,322 COSCO Pacific, Ltd................................. 8,896,623 12,942,718 * Coslight Technology International Group Co., Ltd... 480,000 293,771 658 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Country Garden Holdings Co., Ltd................... 18,503,660 $ 7,372,881 # CP Pokphand Co., Ltd............................... 12,593,658 1,427,658 # CPMC Holdings, Ltd................................. 1,325,000 708,473 CSPC Pharmaceutical Group, Ltd..................... 3,620,000 3,039,827 CSR Corp., Ltd..................................... 5,535,324 6,696,033 * DaChan Food Asia, Ltd.............................. 1,513,087 176,247 # Dah Chong Hong Holdings, Ltd....................... 4,428,000 2,592,944 # Dalian Port PDA Co., Ltd. Class H.................. 5,986,000 2,048,119 DaMing International Holdings, Ltd................. 34,000 9,740 # Daphne International Holdings, Ltd................. 5,196,000 1,666,149 Datang International Power Generation Co., Ltd. Class H.......................................... 8,690,000 4,751,175 # Dawnrays Pharmaceutical Holdings, Ltd.............. 1,369,491 943,223 #* DBA Telecommunication Asia Holdings, Ltd........... 1,020,000 50,130 # Digital China Holdings, Ltd........................ 4,070,000 3,844,715 # Dongfang Electric Corp., Ltd. Class H.............. 1,165,800 2,553,842 Dongfeng Motor Group Co., Ltd. Class H............. 7,834,000 11,349,901 # Dongjiang Environmental Co., Ltd. Class H.......... 51,198 177,412 # Dongyue Group, Ltd................................. 6,374,000 2,218,853 #* Dynasty Fine Wines Group, Ltd...................... 1,708,000 59,487 Embry Holdings, Ltd................................ 509,000 263,508 ENN Energy Holdings, Ltd........................... 2,038,000 12,007,816 EVA Precision Industrial Holdings, Ltd............. 5,630,516 1,338,720 * EverChina International Holdings Co., Ltd.......... 17,127,500 658,621 # Evergrande Real Estate Group, Ltd.................. 28,882,000 11,951,026 Evergreen International Holdings, Ltd.............. 1,091,000 117,718 * Extrawell Pharmaceutical Holdings, Ltd............. 4,802,079 201,001 # Fantasia Holdings Group Co., Ltd................... 9,461,519 937,958 #* FDG Electric Vehicles, Ltd......................... 5,000,000 282,620 # First Tractor Co., Ltd. Class H.................... 1,960,000 1,437,983 # Fosun International, Ltd........................... 6,267,285 8,785,035 Franshion Properties China, Ltd.................... 20,140,976 5,913,392 # Fufeng Group, Ltd.................................. 5,082,800 2,567,791 #* GCL-Poly Energy Holdings, Ltd...................... 33,132,320 7,237,016 # Geely Automobile Holdings, Ltd..................... 29,730,000 12,218,231 #* Global Bio-Chem Technology Group Co., Ltd.......... 10,533,600 304,752 * Global Sweeteners Holdings, Ltd.................... 1,750,699 90,950 * Glorious Property Holdings, Ltd.................... 14,327,712 1,642,803 Goldbond Group Holdings, Ltd....................... 650,000 25,158 # Golden Eagle Retail Group, Ltd..................... 2,287,000 2,726,276 # Golden Meditech Holdings, Ltd...................... 3,831,809 536,833 Goldlion Holdings, Ltd............................. 852,866 366,222 GOME Electrical Appliances Holding, Ltd............ 56,205,660 7,809,174 Good Friend International Holdings, Inc............ 487,333 138,403 # Goodbaby International Holdings, Ltd............... 2,541,000 800,223 Great Wall Motor Co., Ltd. Class H................. 2,432,750 13,885,859 # Greatview Aseptic Packaging Co., Ltd............... 1,754,000 801,808 # Greenland Hong Kong Holdings, Ltd.................. 1,497,275 583,862 # Greentown China Holdings, Ltd...................... 3,479,500 3,088,816 Guangdong Investment, Ltd.......................... 6,708,000 8,969,755 * Guangdong Land Holdings, Ltd....................... 2,823,361 725,240 Guangshen Railway Co., Ltd. Class H................ 4,242,000 2,193,801 Guangshen Railway Co., Ltd. Sponsored ADR.......... 69,174 1,772,238 Guangzhou Automobile Group Co., Ltd. Class H....... 8,373,480 7,635,414 659 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) # Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H.................................... 504,000 $ 1,784,763 Guangzhou R&F Properties Co., Ltd................. 4,977,932 5,701,398 # Guangzhou Shipyard International Co., Ltd. Class H......................................... 530,000 1,627,130 # Guodian Technology & Environment Group Corp., Ltd. Class H......................................... 2,974,000 370,532 Haier Electronics Group Co., Ltd.................. 2,542,000 6,842,845 Hainan Meilan International Airport Co., Ltd. Class H......................................... 596,000 483,811 # Haitian International Holdings, Ltd............... 1,424,000 2,768,163 # Hanergy Thin Film Power Group, Ltd................ 48,496,000 22,466,460 Harbin Electric Co., Ltd. Class H................. 4,400,587 3,146,769 Henderson Investment, Ltd......................... 377,000 32,986 #* Heng Tai Consumables Group, Ltd................... 22,399,659 252,333 Hengan International Group Co., Ltd............... 1,355,622 16,091,384 # Hengdeli Holdings, Ltd............................ 10,988,800 2,047,003 * Hi Sun Technology China, Ltd...................... 624,000 170,532 #* Hidili Industry International Development, Ltd.... 5,587,000 482,850 # Hilong Holding, Ltd............................... 2,522,000 778,604 * Hisense Kelon Electrical Holdings Co., Ltd. Class H......................................... 1,924,000 1,560,645 #* HKC Holdings, Ltd................................. 19,752,210 647,639 # Honghua Group, Ltd................................ 5,332,000 652,863 Hopefluent Group Holdings, Ltd.................... 515,973 156,756 Hopewell Highway Infrastructure, Ltd.............. 3,852,528 1,862,047 #* Hopson Development Holdings, Ltd.................. 3,550,000 3,147,321 # Hua Han Bio-Pharmaceutical Holdings, Ltd.......... 12,337,361 2,954,093 * Hua Lien International Holding Co., Ltd........... 558,000 23,293 Huabao International Holdings, Ltd................ 10,678,986 8,414,816 Huadian Power International Corp., Ltd. Class H... 5,604,000 5,068,484 Huaneng Power International, Inc. Class H......... 1,434,000 1,996,211 # Huaneng Power International, Inc. Sponsored ADR... 106,517 5,938,323 Huaneng Renewables Corp., Ltd. Class H............ 12,414,000 4,418,776 #* Hunan Nonferrous Metal Corp., Ltd. Class H........ 8,890,000 4,601,796 Industrial & Commercial Bank of China, Ltd. Class H......................................... 200,441,725 143,196,548 Inspur International, Ltd......................... 2,180,000 463,725 Intime Retail Group Co., Ltd...................... 4,260,500 2,620,374 Jiangsu Expressway Co., Ltd. Class H.............. 3,082,000 3,781,620 Jiangxi Copper Co., Ltd. Class H.................. 4,924,000 8,027,242 * Jinchuan Group International Resources Co., Ltd... 1,141,000 67,258 Jingwei Textile Machinery Class H................. 1,000,000 1,233,204 # Ju Teng International Holdings, Ltd............... 4,656,090 2,455,225 Jutal Offshore Oil Services, Ltd.................. 1,186,000 172,929 * Kai Yuan Holdings, Ltd............................ 16,790,000 172,836 # Kaisa Group Holdings, Ltd......................... 9,772,684 2,016,988 Kasen International Holdings, Ltd................. 314,000 38,563 Kingboard Chemical Holdings, Ltd.................. 3,706,166 5,984,530 Kingboard Laminates Holdings, Ltd................. 4,971,984 2,106,193 #* Kingdee International Software Group Co., Ltd..... 5,767,600 1,864,685 # Kingsoft Corp., Ltd............................... 2,205,000 5,254,655 Kunlun Energy Co., Ltd............................ 10,436,000 10,866,093 KWG Property Holding, Ltd......................... 6,613,144 4,266,023 * Labixiaoxin Snacks Group, Ltd..................... 2,192,000 228,272 Lai Fung Holdings, Ltd............................ 25,294,336 497,211 # Le Saunda Holdings, Ltd........................... 1,218,000 448,730 Lee & Man Chemical Co., Ltd....................... 821,339 429,298 Lee & Man Paper Manufacturing, Ltd................ 7,199,200 3,779,869 660 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Lenovo Group, Ltd.................................. 14,846,000 $19,191,784 * Leoch International Technology, Ltd................ 907,000 127,333 #* Li Ning Co., Ltd................................... 5,421,583 2,372,600 #* Lianhua Supermarket Holdings Co., Ltd. Class H..... 2,030,200 981,391 Lijun International Pharmaceutical Holding Co., Ltd.............................................. 7,206,000 3,365,720 #* Lingbao Gold Co., Ltd. Class H..................... 1,494,000 264,158 * LK Technology Holdings, Ltd........................ 712,500 50,794 # Longfor Properties Co., Ltd........................ 5,218,000 6,828,226 Lonking Holdings, Ltd.............................. 11,388,000 2,154,188 * Loudong General Nice Resources China Holdings, Ltd.............................................. 5,239,309 412,970 #* Maanshan Iron & Steel Co., Ltd. Class H............ 9,296,000 2,525,269 * Madex International Holdings, Ltd.................. 3,520,000 110,123 Maoye International Holdings, Ltd.................. 7,100,000 1,060,749 Metallurgical Corp. of China, Ltd. Class H......... 12,523,000 3,848,612 #* Microport Scientific Corp.......................... 1,233,000 539,087 MIE Holdings Corp.................................. 4,960,000 562,577 MIN XIN Holdings, Ltd.............................. 596,000 442,778 #* Mingfa Group International Co., Ltd................ 4,982,000 1,629,931 * Mingyuan Medicare Development Co., Ltd............. 4,480,000 119,519 # Minmetals Land, Ltd................................ 6,023,644 689,956 Minth Group, Ltd................................... 2,171,000 4,519,409 # MMG, Ltd........................................... 9,112,000 2,607,788 MOBI Development Co., Ltd.......................... 34,000 7,040 * Nan Hai Corp., Ltd................................. 61,300,000 330,068 Nature Home Holding Co., Ltd....................... 654,000 106,253 # NetDragon Websoft, Inc............................. 613,956 1,075,246 New China Life Insurance Co., Ltd. Class H......... 1,603,200 8,820,756 New World China Land, Ltd.......................... 10,199,700 6,337,513 # New World Department Store China, Ltd.............. 2,186,538 603,376 # Nine Dragons Paper Holdings, Ltd................... 9,105,000 6,664,958 #* North Mining Shares Co., Ltd....................... 10,000,000 429,522 # NVC Lighting Holdings, Ltd......................... 7,356,000 1,259,638 * O-Net Communications Group, Ltd.................... 1,503,000 317,462 Overseas Chinese Town Asia Holdings, Ltd........... 357,817 207,405 # Pacific Online, Ltd................................ 1,243,195 455,309 Parkson Retail Group, Ltd.......................... 6,360,500 1,513,470 #* PAX Global Technology, Ltd......................... 577,000 540,262 Peak Sport Products Co., Ltd....................... 3,192,000 872,075 # PetroChina Co., Ltd. ADR........................... 229,733 24,942,112 PetroChina Co., Ltd. Class H....................... 23,340,000 25,284,518 # Phoenix Satellite Television Holdings, Ltd......... 4,950,000 1,541,099 PICC Property & Casualty Co., Ltd. Class H......... 8,072,932 15,744,821 Ping An Insurance Group Co. of China, Ltd. Class H.......................................... 2,990,500 31,638,547 # Poly Property Group Co., Ltd....................... 11,116,068 5,177,818 #* Ports Design, Ltd.................................. 1,736,000 669,224 * Pou Sheng International Holdings, Ltd.............. 3,881,609 300,032 * Powerlong Real Estate Holdings, Ltd................ 5,528,715 762,000 * Prosperity International Holdings HK, Ltd.......... 4,900,000 144,715 Qingling Motors Co., Ltd. Class H.................. 1,688,000 565,931 * Qunxing Paper Holdings Co., Ltd.................... 854,211 41,651 * Real Gold Mining, Ltd.............................. 640,000 21,712 Real Nutriceutical Group, Ltd...................... 4,279,000 1,209,664 #* Renhe Commercial Holdings Co., Ltd................. 96,736,615 4,366,094 661 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) # REXLot Holdings, Ltd............................... 41,293,724 $ 3,224,706 # Road King Infrastructure, Ltd...................... 1,179,000 1,006,215 Samson Holding, Ltd................................ 4,377,000 570,351 * Sany Heavy Equipment International Holdings Co., Ltd.............................................. 4,530,500 967,600 Sateri Holdings, Ltd............................... 23,000 2,760 Scud Group, Ltd.................................... 1,110,000 133,290 #* Semiconductor Manufacturing International Corp..... 98,446,955 8,533,250 * Semiconductor Manufacturing International Corp. ADR.............................................. 173,964 735,868 Shandong Chenming Paper Holdings, Ltd. Class H..... 1,952,022 961,615 Shandong Weigao Group Medical Polymer Co., Ltd. Class H.......................................... 3,088,000 2,419,060 Shanghai Electric Group Co., Ltd. Class H.......... 8,800,000 5,384,421 Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H.......................................... 618,000 2,250,518 Shanghai Industrial Holdings, Ltd.................. 2,523,000 7,453,822 #* Shanghai Industrial Urban Development Group, Ltd... 8,157,025 1,311,388 Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H.......................................... 7,004,000 2,331,207 Shanghai Pharmaceuticals Holding Co., Ltd. Class H.......................................... 2,017,700 4,369,171 Shanghai Prime Machinery Co., Ltd. Class H......... 1,820,000 326,132 * Shanghai Zendai Property, Ltd...................... 6,120,000 144,468 Shengli Oil & Gas Pipe Holdings, Ltd............... 5,242,500 256,300 Shenguan Holdings Group, Ltd....................... 3,748,000 1,045,218 Shenzhen Expressway Co., Ltd. Class H.............. 3,204,000 2,495,401 Shenzhen International Holdings, Ltd............... 4,657,885 6,712,867 Shenzhen Investment, Ltd........................... 15,445,749 4,437,917 Shenzhou International Group Holdings, Ltd......... 1,081,000 3,899,982 Shimao Property Holdings, Ltd...................... 6,068,683 12,769,313 #* Shougang Concord International Enterprises Co., Ltd.............................................. 24,674,100 1,047,176 # Shougang Fushan Resources Group, Ltd............... 17,696,461 3,761,898 Shui On Land, Ltd.................................. 19,981,276 4,472,328 #* Shunfeng International Clean Energy, Ltd........... 1,668,000 1,290,659 Sichuan Expressway Co., Ltd. Class H............... 4,116,000 1,747,223 Sihuan Pharmaceutical Holdings Group, Ltd.......... 13,934,000 8,970,072 * Sijia Group Co..................................... 893,399 29,617 # Silver Grant International Industries, Ltd......... 4,466,000 656,634 * SIM Technology Group, Ltd.......................... 5,367,000 271,627 Sino Biopharmaceutical, Ltd........................ 8,963,999 8,954,951 #* Sino Oil And Gas Holdings, Ltd..................... 53,867,234 1,129,473 Sino-Ocean Land Holdings, Ltd...................... 18,491,462 11,895,952 #* Sinofert Holdings, Ltd............................. 11,832,673 2,192,647 #* Sinolink Worldwide Holdings, Ltd................... 3,813,492 294,153 # SinoMedia Holding, Ltd............................. 1,167,258 563,853 # Sinopec Kantons Holdings, Ltd...................... 3,422,000 2,704,740 Sinopec Shanghai Petrochemical Co., Ltd. Class H... 4,443,000 1,285,943 # Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR.............................................. 39,923 1,138,989 Sinopharm Group Co., Ltd. Class H.................. 2,857,200 10,439,923 * Sinotrans Shipping, Ltd............................ 7,724,500 1,747,124 Sinotrans, Ltd. Class H............................ 7,732,000 5,517,233 Sinotruk Hong Kong, Ltd............................ 3,827,500 2,105,007 SITC International Holdings Co., Ltd............... 2,068,000 1,138,370 # Skyworth Digital Holdings, Ltd..................... 10,258,334 5,798,315 SMI Holdings Group, Ltd............................ 14,456,000 502,720 SOHO China, Ltd.................................... 8,469,339 5,914,642 * Solargiga Energy Holdings, Ltd..................... 9,232,000 326,547 * Sparkle Roll Group, Ltd............................ 6,520,000 264,542 662 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) Springland International Holdings, Ltd............. 1,529,000 $ 470,545 # SPT Energy Group, Inc.............................. 2,996,000 478,975 SRE Group, Ltd..................................... 14,737,714 397,333 # Sun Art Retail Group, Ltd.......................... 4,579,500 4,134,025 Sun King Power Electronics Group................... 118,000 10,014 Sunac China Holdings, Ltd.......................... 8,054,000 7,210,087 # Sunny Optical Technology Group Co., Ltd............ 2,611,000 3,953,867 #* Superb Summit International Group, Ltd............. 1,350,000 254,247 TCC International Holdings, Ltd.................... 5,291,997 1,928,474 # TCL Communication Technology Holdings, Ltd......... 2,429,100 2,136,629 * TCL Multimedia Technology Holdings, Ltd............ 3,145,200 1,374,013 Tencent Holdings, Ltd.............................. 9,231,600 155,587,313 # Tenfu Cayman Holdings Co., Ltd..................... 101,000 38,455 # Texhong Textile Group, Ltd......................... 1,839,500 1,385,270 Tian An China Investment Co., Ltd.................. 896,357 553,974 Tian Shan Development Holding, Ltd................. 1,238,000 528,110 # Tiangong International Co., Ltd.................... 6,274,056 1,096,860 Tianjin Capital Environmental Protection Group Co., Ltd. Class H................................ 1,138,000 757,506 # Tianjin Development Hldgs, Ltd..................... 1,873,800 1,321,355 * Tianjin Jinran Public Utilities Co., Ltd. Class H.. 2,010,000 318,699 Tianjin Port Development Holdings, Ltd............. 10,343,200 2,089,901 # Tianneng Power International, Ltd.................. 3,937,952 962,142 # Tibet 5100 Water Resources Holdings, Ltd........... 2,339,000 790,977 Tingyi Cayman Islands Holding Corp................. 3,742,000 9,226,628 # Tomson Group, Ltd.................................. 1,062,448 257,574 # Tong Ren Tang Technologies Co., Ltd. Class H....... 1,996,000 2,492,638 Tongda Group Holdings, Ltd......................... 9,100,000 1,201,652 Tonly Electronics Holdings, Ltd.................... 403,080 284,406 Towngas China Co., Ltd............................. 3,853,000 3,364,850 # TPV Technology, Ltd................................ 3,810,578 778,221 Travelsky Technology, Ltd. Class H................. 3,595,938 3,803,362 # Trigiant Group, Ltd................................ 3,272,000 682,454 * Trony Solar Holdings Co., Ltd...................... 2,133,000 32,467 # Truly International Holdings, Ltd.................. 5,669,000 2,047,053 Tsingtao Brewery Co., Ltd. Class H................. 530,000 3,540,159 # Uni-President China Holdings, Ltd.................. 3,649,308 3,155,858 #* United Energy Group, Ltd........................... 9,287,550 1,313,108 #* V1 Group, Ltd...................................... 19,290,600 1,483,012 #* Wanda Hotel Development Co., Ltd................... 43,000 8,202 Wanguo International Mining Group, Ltd............. 58,000 17,750 Want Want China Holdings, Ltd...................... 12,330,000 14,733,670 Wasion Group Holdings, Ltd......................... 2,504,000 2,346,438 Weichai Power Co., Ltd. Class H.................... 1,646,280 6,512,864 Weiqiao Textile Co. Class H........................ 2,412,000 1,319,697 Welling Holding, Ltd............................... 5,670,000 1,046,266 West China Cement, Ltd............................. 14,894,000 1,664,077 #* Winsway Enterprises Holdings, Ltd.................. 8,131,000 249,641 World Wide Touch Technology Holdings, Ltd.......... 4,692,000 121,895 # Wumart Stores, Inc. Class H........................ 1,291,000 910,956 Xiamen International Port Co., Ltd. Class H........ 5,097,338 1,293,501 * Xiao Nan Guo Restaurants Holdings, Ltd............. 326,000 39,609 Xingda International Holdings, Ltd................. 4,868,000 1,527,223 Xinhua Winshare Publishing and Media Co., Ltd. Class H.......................................... 786,000 709,743 663 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- CHINA -- (Continued) # Xinjiang Goldwind Science & Technology Co., Ltd. Class H........................................ 1,898,200 $ 3,021,284 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H........................................ 3,677,000 674,943 #* Xiwang Property Holdings Co., Ltd................ 1,750,005 83,010 Xiwang Special Steel Co., Ltd.................... 990,000 139,882 XTEP International Holdings, Ltd................. 3,155,500 1,112,963 #* Yanchang Petroleum International, Ltd............ 18,410,000 723,203 # Yanzhou Coal Mining Co., Ltd. Class H............ 6,654,000 5,325,792 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR...... 214,102 1,687,124 Yingde Gases Group Co., Ltd...................... 3,946,500 2,659,197 Yip's Chemical Holdings, Ltd..................... 1,318,000 764,064 Youyuan International Holdings, Ltd.............. 941,600 189,413 Yuanda China Holdings, Ltd....................... 4,226,000 245,232 Yuexiu Property Co., Ltd......................... 37,485,784 7,381,938 # Yuexiu Transport Infrastructure, Ltd............. 3,011,415 2,036,214 # Yuzhou Properties Co., Ltd....................... 4,780,800 1,152,327 #* Zall Development Group, Ltd...................... 2,023,000 694,569 # Zhaojin Mining Industry Co., Ltd................. 3,922,166 2,395,459 Zhejiang Expressway Co., Ltd. Class H............ 5,928,000 7,559,035 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H........................................ 555,000 332,346 # Zhong An Real Estate, Ltd........................ 4,362,444 580,489 # Zhongsheng Group Holdings, Ltd................... 1,896,000 1,649,439 Zhuzhou CSR Times Electric Co., Ltd. Class H..... 1,355,250 7,560,206 # Zijin Mining Group Co., Ltd. Class H............. 16,988,000 5,261,071 # Zoomlion Heavy Industry Science and Technology Co., Ltd....................................... 5,984,400 3,669,273 # ZTE Corp. Class H................................ 1,801,460 3,946,155 -------------- TOTAL CHINA.......................................... 2,459,308,018 -------------- COLOMBIA -- (0.4%) Almacenes Exito SA............................... 728,606 7,465,225 Banco de Bogota SA............................... 62,854 1,600,201 Bancolombia SA................................... 542,625 6,106,755 # Bancolombia SA Sponsored ADR..................... 324,032 14,992,961 Bolsa de Valores de Colombia..................... 2,403,206 18,221 Celsia SA ESP.................................... 117,537 248,080 Cementos Argos SA................................ 1,260,016 4,750,880 * Cemex Latam Holdings SA.......................... 579,386 3,614,039 Constructora Conconcreto SA...................... 19,345 10,862 Corp. Financiera Colombiana SA(B000C92).......... 100,919 1,532,811 * Corp. Financiera Colombiana SA(BKKND98).......... 2,526 39,322 Ecopetrol SA..................................... 4,199,977 3,365,145 # Ecopetrol SA Sponsored ADR....................... 420,832 6,859,562 Empresa de Energia de Bogota SA ESP.............. 2,825,801 1,829,822 Empresa de Telecomunicaciones de Bogota.......... 885,214 163,257 * Fabricato SA..................................... 9,525,507 36,892 Grupo Aval Acciones y Valores.................... 1,157,278 594,054 Grupo de Inversiones Suramericana SA............. 61,661 894,590 Grupo Nutresa SA................................. 145,804 1,523,771 Grupo Odinsa SA.................................. 10,651 29,682 Interconexion Electrica SA ESP................... 1,307,366 4,018,543 Isagen SA ESP.................................... 3,838,190 4,538,188 664 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- COLOMBIA -- (Continued) Mineros SA......................................... 17,511 $ 13,707 ----------- TOTAL COLOMBIA......................................... 64,246,570 ----------- CZECH REPUBLIC -- (0.2%) CEZ A.S............................................ 558,926 13,082,362 Fortuna Entertainment Group NV..................... 51,763 261,091 Komercni Banka A.S................................. 66,410 13,514,662 O2 Czech Republic AS............................... 476,865 4,217,823 Pegas Nonwovens SA................................. 53,761 1,473,354 # Philip Morris CR A.S............................... 2,127 947,816 * Unipetrol A.S...................................... 201,723 1,114,328 ----------- TOTAL CZECH REPUBLIC................................... 34,611,436 ----------- EGYPT -- (0.1%) Commercial International Bank Egypt S.A.E. GDR..... 1,291,127 9,217,983 * Egyptian Financial Group-Hermes Holding Co. GDR.... 13,261 54,094 * Global Telecom Holding SAE GDR..................... 1,219,992 3,519,265 ----------- TOTAL EGYPT............................................ 12,791,342 ----------- GREECE -- (0.4%) Aegean Airlines SA................................. 183,158 1,417,606 * Alpha Bank AE...................................... 9,454,306 3,454,209 * Astir Palace Hotel SA.............................. 41,272 122,717 Athens Water Supply & Sewage Co. SA (The).......... 77,315 505,944 * Attica Bank SA..................................... 385,386 25,070 * Ellaktor SA........................................ 139,123 266,467 Elval - Hellenic Aluminium Industry SA............. 3,461 3,868 * Eurobank Ergasias SA............................... 369,601 45,706 FF Group........................................... 168,264 5,027,777 * Fourlis Holdings SA................................ 141,658 445,021 * Frigoglass SA...................................... 95,052 175,581 * GEK Terna Holding Real Estate Construction SA...... 237,991 470,885 Hellenic Exchanges - Athens Stock Exchange SA Holding.......................................... 426,839 2,289,192 Hellenic Petroleum SA.............................. 519,096 2,206,780 * Hellenic Telecommunications Organization SA........ 1,097,511 9,050,399 * Intracom Holdings SA............................... 321,392 126,136 * Intralot SA-Integrated Lottery Systems & Services.. 704,209 1,041,019 JUMBO SA........................................... 509,877 4,844,674 * Lamda Development SA............................... 40,956 130,337 * Marfin Investment Group Holdings SA................ 4,779,275 850,613 Metka SA........................................... 146,890 1,490,727 Motor Oil Hellas Corinth Refineries SA............. 267,686 1,814,638 * Mytilineos Holdings SA............................. 123,039 698,196 * National Bank of Greece SA......................... 1,888,544 1,931,310 * National Bank of Greece SA ADR..................... 797,946 877,741 OPAP SA............................................ 740,812 6,260,687 * Piraeus Bank SA.................................... 7,168,799 4,171,055 Piraeus Port Authority SA.......................... 17,126 191,032 * Public Power Corp. SA.............................. 529,775 2,880,332 Sarantis SA........................................ 5,137 40,837 Terna Energy SA.................................... 155,686 374,942 665 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GREECE -- (Continued) Titan Cement Co. SA................................ 258,583 $ 5,773,400 ----------- TOTAL GREECE........................................... 59,004,898 ----------- HUNGARY -- (0.2%) #* CIG Pannonia Life Insurance P.L.C. Class A......... 5,747 3,528 * Danubius Hotel and SpA P.L.C....................... 6,208 115,276 #* FHB Mortgage Bank P.L.C............................ 98,501 248,766 * Magyar Telekom Telecommunications P.L.C............ 1,823,002 2,365,236 #* Magyar Telekom Telecommunications P.L.C. Sponsored ADR.............................................. 36,206 234,977 MOL Hungarian Oil and Gas P.L.C.................... 119,595 4,786,464 # OTP Bank P.L.C..................................... 1,030,575 13,665,585 Richter Gedeon Nyrt................................ 453,866 6,158,639 ----------- TOTAL HUNGARY.......................................... 27,578,471 ----------- INDIA -- (10.0%) * 3M India, Ltd...................................... 3,252 356,732 Aarti Industries................................... 5,877 26,973 Aban Offshore, Ltd................................. 192,279 1,454,484 ABB India, Ltd..................................... 133,223 2,750,984 * ABG Shipyard, Ltd.................................. 135,229 446,741 ACC, Ltd........................................... 219,236 5,524,094 Adani Enterprises, Ltd............................. 848,716 8,744,828 Adani Ports & Special Economic Zone, Ltd........... 1,705,265 9,313,853 * Adani Power, Ltd................................... 3,327,730 2,783,698 Aditya Birla Nuvo, Ltd............................. 218,616 6,353,818 * Advanta, Ltd....................................... 93,014 499,275 Aegis Logistics, Ltd............................... 34,890 237,453 Agro Tech Foods, Ltd............................... 33,043 363,006 Ahmednagar Forgings, Ltd........................... 77,350 402,115 AIA Engineering, Ltd............................... 108,216 1,981,245 Ajanta Pharma, Ltd................................. 69,526 2,869,468 Akzo Nobel India, Ltd.............................. 32,864 792,623 Alembic Pharmaceuticals, Ltd....................... 336,138 2,535,624 Alembic, Ltd....................................... 603,610 424,910 Allahabad Bank..................................... 1,114,471 2,076,206 Allcargo Logistics, Ltd............................ 4,494 23,809 Alok Industries, Ltd............................... 5,583,532 900,021 Alstom India, Ltd.................................. 104,518 1,179,217 Alstom T&D India, Ltd.............................. 5,721 43,600 Amara Raja Batteries, Ltd.......................... 373,324 5,152,599 Ambuja Cements, Ltd................................ 3,102,973 12,634,544 Amtek Auto, Ltd.................................... 574,953 1,602,176 Amtek India, Ltd................................... 284,855 306,904 Anant Raj, Ltd..................................... 942,384 761,984 * Andhra Bank........................................ 1,206,558 1,781,676 Apar Industries, Ltd............................... 28,585 170,930 Apollo Hospitals Enterprise, Ltd................... 277,636 5,860,733 Apollo Tyres, Ltd.................................. 1,883,459 7,333,855 Arvind, Ltd........................................ 1,335,767 6,229,475 * Asahi India Glass, Ltd............................. 124,796 268,008 * Ashok Leyland, Ltd................................. 8,823,200 9,348,272 Asian Paints, Ltd.................................. 873,172 12,081,592 666 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Atul, Ltd.......................................... 34,174 $ 710,276 Aurobindo Pharma, Ltd.............................. 917,592 18,487,614 Automotive Axles, Ltd.............................. 7,751 90,783 Axis Bank, Ltd..................................... 4,488,760 42,496,338 Bajaj Auto, Ltd.................................... 323,753 12,467,707 Bajaj Corp., Ltd................................... 119,733 800,816 Bajaj Electricals, Ltd............................. 208,168 781,296 Bajaj Finance, Ltd................................. 28,762 1,875,096 Bajaj Finserv, Ltd................................. 199,581 4,663,263 * Bajaj Hindusthan, Ltd.............................. 1,505,484 461,761 Bajaj Holdings & Investment, Ltd................... 134,199 3,055,707 Balkrishna Industries, Ltd......................... 179,086 1,874,389 Ballarpur Industries, Ltd.......................... 1,776,530 451,636 Balmer Lawrie & Co., Ltd........................... 83,809 792,671 * Balrampur Chini Mills, Ltd......................... 900,409 887,503 Bank of Baroda..................................... 2,054,560 6,359,785 Bank of India...................................... 925,198 3,954,027 Bank Of Maharashtra................................ 642,900 431,948 Bannari Amman Sugars, Ltd.......................... 3,050 58,647 BASF India, Ltd.................................... 44,766 893,156 Bata India, Ltd.................................... 92,603 2,119,840 BEML, Ltd.......................................... 141,009 2,047,836 Berger Paints India, Ltd........................... 1,058,318 3,935,265 BGR Energy Systems, Ltd............................ 131,573 330,371 Bharat Electronics, Ltd............................ 57,139 3,065,714 Bharat Forge, Ltd.................................. 663,273 11,037,958 Bharat Heavy Electricals, Ltd...................... 2,440,270 11,461,895 Bharat Petroleum Corp., Ltd........................ 725,403 8,768,075 Bharti Airtel, Ltd................................. 2,147,446 12,945,330 Bhushan Steel, Ltd................................. 334,343 453,994 Biocon, Ltd........................................ 442,068 2,959,670 Birla Corp., Ltd................................... 50,217 429,279 Blue Dart Express, Ltd............................. 14,181 1,561,406 Blue Star, Ltd..................................... 133,363 723,659 Bombay Dyeing & Manufacturing Co., Ltd............. 712,065 930,646 Bosch, Ltd......................................... 19,618 7,555,655 Brigade Enterprises, Ltd........................... 75,664 205,513 Britannia Industries, Ltd.......................... 204,624 6,249,734 Cadila Healthcare, Ltd............................. 219,599 5,815,809 Cairn India, Ltd................................... 2,180,042 8,200,803 Canara Bank........................................ 662,147 4,711,145 Carborundum Universal, Ltd......................... 136,424 390,633 CCL Products India, Ltd............................ 277,301 849,157 Ceat, Ltd.......................................... 107,898 1,426,426 * Central Bank Of India.............................. 1,200,049 2,021,916 Century Plyboards India, Ltd....................... 316,159 940,125 Century Textiles & Industries, Ltd................. 310,285 2,864,920 CESC, Ltd.......................................... 403,869 4,734,477 Chambal Fertilizers & Chemicals, Ltd............... 1,108,436 1,082,462 * Chennai Petroleum Corp., Ltd....................... 277,483 346,929 Cholamandalam Investment and Finance Co., Ltd...... 56,126 490,918 Cipla, Ltd......................................... 1,428,860 16,049,442 City Union Bank, Ltd............................... 1,162,316 1,746,359 667 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Clariant Chemicals India, Ltd...................... 55,360 $ 810,069 Claris Lifesciences, Ltd........................... 2,295 6,579 CMC, Ltd........................................... 38,239 1,158,019 Colgate-Palmolive India, Ltd....................... 207,711 6,287,258 Container Corp. Of India, Ltd...................... 200,268 4,536,733 Coromandel International, Ltd...................... 314,379 1,469,158 Corp. Bank......................................... 1,032,250 1,162,595 Cox & Kings, Ltd................................... 331,188 1,618,838 CRISIL, Ltd........................................ 17,420 588,852 Crompton Greaves, Ltd.............................. 1,786,062 5,454,394 Cummins India, Ltd................................. 300,087 4,308,438 Cyient, Ltd........................................ 120,815 1,052,802 Dabur India, Ltd................................... 1,361,164 5,631,690 Dalmia Bharat, Ltd................................. 39,806 308,219 DB Corp., Ltd...................................... 49,844 309,066 * DB Realty, Ltd..................................... 631,296 929,484 * DCB Bank, Ltd...................................... 1,280,608 2,437,519 DCM Shriram, Ltd................................... 139,506 330,566 Deepak Fertilisers & Petrochemicals Corp., Ltd..... 234,185 535,894 Delta Corp., Ltd................................... 741,177 1,063,824 * DEN Networks, Ltd.................................. 277,867 486,667 Dena Bank.......................................... 731,129 672,681 Dewan Housing Finance Corp., Ltd................... 108,094 822,081 * Dish TV India, Ltd................................. 1,887,037 2,407,647 Dishman Pharmaceuticals & Chemicals, Ltd........... 195,360 478,443 Divi's Laboratories, Ltd........................... 198,056 5,589,733 DLF, Ltd........................................... 2,338,913 6,421,846 Dr Reddy's Laboratories, Ltd....................... 153,521 7,932,505 # Dr. Reddy's Laboratories, Ltd. ADR................. 223,530 11,281,559 Dredging Corp. Of India, Ltd....................... 21,104 133,237 eClerx Services, Ltd............................... 71,238 1,482,241 Edelweiss Financial Services, Ltd.................. 429,608 480,166 Eicher Motors, Ltd................................. 29,506 7,721,715 * EID Parry India, Ltd............................... 368,587 1,154,674 EIH, Ltd........................................... 518,197 954,843 Electrosteel Castings, Ltd......................... 198,773 52,963 * Electrosteel Steels, Ltd........................... 48,436 3,288 Elgi Equipments, Ltd............................... 54,055 139,734 Emami, Ltd......................................... 272,097 4,025,697 Engineers India, Ltd............................... 474,912 1,660,213 Entertainment Network India, Ltd................... 43,763 388,904 * Eros International Media, Ltd...................... 182,581 1,064,855 Escorts, Ltd....................................... 410,554 851,624 * Ess Dee Aluminium, Ltd............................. 117,801 502,862 * Essar Oil, Ltd..................................... 1,729,249 3,103,711 Essar Ports, Ltd................................... 201,111 351,526 * Essar Shipping, Ltd................................ -- -- Essel Propack, Ltd................................. 156,071 302,579 Eveready Industries India, Ltd..................... 49,619 163,831 Exide Industries, Ltd.............................. 1,552,048 4,651,452 FAG Bearings India, Ltd............................ 17,915 1,087,529 FDC, Ltd........................................... 339,287 898,972 Federal Bank, Ltd.................................. 3,832,546 8,731,390 668 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) * Federal-Mogul Goetze India, Ltd.................... 21,267 $ 149,160 Financial Technologies India, Ltd.................. 158,498 515,443 Finolex Cables, Ltd................................ 429,637 1,746,567 Finolex Industries, Ltd............................ 393,006 1,825,793 * Firstsource Solutions, Ltd......................... 1,472,240 674,656 * Fortis Healthcare, Ltd............................. 744,321 1,377,680 * Future Consumer Enterprise, Ltd.................... 372,391 80,058 Future Lifestyle Fashions, Ltd..................... 6,032 7,034 Future Retail, Ltd................................. 205,393 391,154 Gabriel India, Ltd................................. 333,001 555,491 GAIL India, Ltd.................................... 1,288,652 8,809,691 * Gammon Infrastructure Projects, Ltd................ 234,620 61,347 Gateway Distriparks, Ltd........................... 263,614 1,629,881 Gati, Ltd.......................................... 67,860 272,778 GHCL, Ltd.......................................... 2,294 2,772 Gillette India, Ltd................................ 12,070 662,330 * Gitanjali Gems, Ltd................................ 286,011 215,700 GlaxoSmithKline Consumer Healthcare, Ltd........... 21,415 1,943,418 Glenmark Pharmaceuticals, Ltd...................... 409,819 4,740,217 Global Offshore Services, Ltd...................... 24,076 323,644 GMR Infrastructure, Ltd............................ 7,216,465 2,267,363 Godfrey Phillips India, Ltd........................ 25,230 241,159 Godrej Consumer Products, Ltd...................... 322,321 5,497,154 Godrej Industries, Ltd.(B1BFBC9)................... 355,326 1,772,503 * Godrej Industries, Ltd.(BGQL729)................... 284 1,426 Godrej Properties, Ltd............................. 267,835 1,203,557 Graphite India, Ltd................................ 145,210 182,523 Grasim Industries, Ltd............................. 28,007 1,750,098 Great Eastern Shipping Co., Ltd. (The)............. 346,350 2,023,626 Greaves Cotton, Ltd................................ 396,727 927,359 Grindwell Norton, Ltd.............................. 12,559 127,552 Gruh Finance, Ltd.................................. 125,380 554,291 * GTL Infrastructure, Ltd............................ 1,083,313 40,993 Gujarat Alkalies & Chemicals, Ltd.................. 153,861 478,924 Gujarat Fluorochemicals, Ltd....................... 102,337 1,203,455 * Gujarat Gas Co., Ltd............................... 128,455 1,354,110 Gujarat Industries Power Co., Ltd.................. 87,118 118,611 Gujarat Mineral Development Corp., Ltd............. 530,249 1,048,581 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.............................................. 326,739 457,288 * Gujarat NRE Coke, Ltd.............................. 921,777 79,722 * Gujarat Pipavav Port, Ltd.......................... 507,865 1,685,737 Gujarat State Fertilisers & Chemicals, Ltd......... 886,282 1,430,823 Gujarat State Petronet, Ltd........................ 969,310 1,802,272 Gulf Oil Corp., Ltd................................ 31,092 84,092 Gulf Oil Lubricants India, Ltd..................... 31,092 273,505 * GVK Power & Infrastructure, Ltd.................... 6,054,079 1,023,689 * Hathway Cable & Datacom, Ltd....................... 1,227,130 1,264,082 Havells India, Ltd................................. 1,204,900 5,012,619 * HCL Infosystems, Ltd............................... 924,115 750,950 HCL Technologies, Ltd.............................. 932,462 26,948,558 HDFC Bank, Ltd..................................... 2,994,559 51,971,232 HEG, Ltd........................................... 56,098 201,644 * HeidelbergCement India, Ltd........................ 552,636 785,057 669 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Hero MotoCorp, Ltd................................. 237,095 $10,960,926 * Hexa Tradex, Ltd................................... 69,387 29,707 Hexaware Technologies, Ltd......................... 1,419,762 5,171,886 Hikal, Ltd......................................... 1,140 14,083 * Himachal Futuristic Communications, Ltd............ 4,878,299 1,321,347 Himadri Chemicals & Industries, Ltd................ 12,495 4,775 Hindalco Industries, Ltd........................... 6,953,424 15,686,511 Hinduja Global Solutions, Ltd...................... 10,967 111,219 Hinduja Ventures, Ltd.............................. 10,967 58,587 * Hindustan Construction Co., Ltd.................... 2,773,413 1,555,608 * Hindustan Oil Exploration Co., Ltd................. 105,529 55,681 Hindustan Petroleum Corp., Ltd..................... 409,764 4,365,291 Hindustan Unilever, Ltd............................ 569,475 8,583,737 Hitachi Home & Life Solutions India, Ltd........... 29,694 534,141 Honeywell Automation India, Ltd.................... 7,379 869,116 * Hotel Leela Venture, Ltd........................... 365,088 133,316 * Housing Development & Infrastructure, Ltd.......... 2,129,437 3,830,438 HSIL, Ltd.......................................... 127,240 816,795 HT Media, Ltd...................................... 148,760 324,675 Huhtamaki PPL, Ltd................................. 11,826 39,254 ICICI Bank, Ltd.................................... 1,881,155 10,915,073 ICICI Bank, Ltd. Sponsored ADR..................... 3,105,750 37,300,057 IDBI Bank, Ltd..................................... 1,926,250 2,201,131 Idea Cellular, Ltd................................. 3,902,774 9,762,981 IDFC, Ltd.......................................... 1,943,833 5,397,702 IFCI, Ltd.......................................... 1,168,454 707,449 IIFL Holdings, Ltd................................. 848,918 2,448,196 IL&FS Transportation Networks, Ltd................. 59,485 203,649 * India Cements, Ltd. (The).......................... 1,930,648 3,360,693 Indiabulls Housing Finance, Ltd.................... 378,779 3,594,625 Indiabulls Real Estate, Ltd........................ 740,864 992,648 Indian Bank........................................ 609,217 1,817,090 * Indian Hotels Co., Ltd............................. 2,135,431 4,167,211 Indian Oil Corp., Ltd.............................. 1,095,139 6,128,833 Indian Overseas Bank............................... 1,280,555 1,175,938 Indoco Remedies, Ltd............................... 196,383 1,031,484 Indraprastha Gas, Ltd.............................. 288,028 2,148,955 IndusInd Bank, Ltd................................. 878,135 12,301,509 Info Edge India, Ltd............................... 93,532 1,274,637 Infosys, Ltd....................................... 701,528 24,112,264 # Infosys, Ltd. Sponsored ADR........................ 1,751,174 59,680,010 ING Vysya Bank, Ltd................................ 84,082 1,248,901 Ingersoll-Rand India, Ltd.......................... 33,090 459,062 * Inox Leisure, Ltd.................................. 78,217 224,363 * Intellect Design Arena, Ltd........................ 519,696 914,618 * International Paper APPM, Ltd...................... 13,196 57,689 Ipca Laboratories, Ltd............................. 147,825 1,518,363 IRB Infrastructure Developers, Ltd................. 719,691 3,128,008 ITC, Ltd........................................... 5,337,516 31,672,800 Jagran Prakashan, Ltd.............................. 363,354 794,052 Jain Irrigation Systems, Ltd....................... 2,136,104 2,414,305 * Jaiprakash Associates, Ltd......................... 8,060,733 3,725,454 * Jaiprakash Power Ventures, Ltd..................... 3,013,712 588,108 670 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Jammu & Kashmir Bank, Ltd. (The)................... 1,460,858 $ 3,596,594 * Jaypee Infratech, Ltd.............................. 1,469,501 491,017 JB Chemicals & Pharmaceuticals, Ltd................ 77,514 240,183 JBF Industries, Ltd................................ 77,141 317,270 Jindal Drilling & Industries, Ltd.................. 7,661 20,361 Jindal Poly Films, Ltd............................. 89,582 356,768 * Jindal Poly Investment & Finance Co., Ltd.......... -- -- Jindal Saw, Ltd.................................... 1,230,767 1,597,438 * Jindal Stainless, Ltd.............................. 188,806 101,662 Jindal Steel & Power, Ltd.......................... 1,575,890 4,052,211 JK Cement, Ltd..................................... 53,434 599,614 JK Lakshmi Cement, Ltd............................. 218,555 1,369,811 JK Tyre & Industries, Ltd.......................... 569,739 1,113,997 JM Financial, Ltd.................................. 1,709,961 1,435,839 JSW Energy, Ltd.................................... 2,675,847 5,259,723 * JSW Holdings, Ltd.................................. 10,360 168,313 JSW Steel, Ltd..................................... 537,269 8,591,550 * Jubilant Foodworks, Ltd............................ 161,642 3,607,080 Jubilant Life Sciences, Ltd........................ 307,716 855,535 Just Dial, Ltd..................................... 24,026 603,320 Jyothy Laboratories, Ltd........................... 98,130 460,055 Kajaria Ceramics, Ltd.............................. 209,603 2,475,209 * Kakinada Fertilizers, Ltd.......................... 245,677 8,338 Kalpataru Power Transmission, Ltd.................. 264,622 997,146 Kansai Nerolac Paints, Ltd......................... 8,755 340,766 Karnataka Bank, Ltd. (The)......................... 853,773 1,958,351 Karur Vysya Bank, Ltd. (The)....................... 174,868 1,678,981 Kaveri Seed Co., Ltd............................... 141,760 1,668,443 KEC International, Ltd............................. 512,078 779,080 * Kesoram Industries, Ltd............................ 252,765 508,712 Kewal Kiran Clothing, Ltd.......................... 41 1,273 Kirloskar Brothers, Ltd............................ 2,275 7,766 Kirloskar Oil Engines, Ltd......................... 83,823 363,098 Kolte-Patil Developers, Ltd........................ 62,278 204,393 Kotak Mahindra Bank, Ltd........................... 1,269,393 26,934,010 KPIT Technologies, Ltd............................. 909,501 3,042,562 KRBL, Ltd.......................................... 69,324 133,887 KSB Pumps, Ltd..................................... 17,018 189,541 * KSK Energy Ventures, Ltd........................... 42,495 52,506 Lakshmi Machine Works, Ltd......................... 15,340 982,805 Lakshmi Vilas Bank, Ltd. (The)..................... 501,059 721,299 * Lanco Infratech, Ltd............................... 3,642,715 375,435 Larsen & Toubro, Ltd............................... 1,289,058 35,373,616 Larsen & Toubro, Ltd. GDR.......................... 22,185 608,696 LIC Housing Finance, Ltd........................... 531,645 4,096,627 Lupin, Ltd......................................... 253,549 6,466,115 * Mahanagar Telephone Nigam, Ltd..................... 840,590 388,210 #* Mahanagar Telephone Nigam, Ltd. ADR................ 32,600 26,928 Maharashtra Seamless, Ltd.......................... 146,119 488,427 Mahindra & Mahindra Financial Services, Ltd........ 423,025 1,739,546 Mahindra & Mahindra, Ltd........................... 1,648,033 33,636,308 Mahindra Holidays & Resorts India, Ltd............. 94,627 398,376 Mahindra Lifespace Developers, Ltd................. 42,920 356,099 671 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) * Manaksia Aluminum Co., Ltd......................... 3,669 $ 1,222 * Manaksia Coated Metals............................. 3,669 1,222 * Manaksia Industrial Co., Ltd....................... 3,669 1,222 * Manaksia Steels, Ltd............................... 3,669 1,222 * Manaksia, Ltd...................................... 3,669 2,899 Mandhana Industries, Ltd........................... 48,996 222,110 * Mangalore Refinery & Petrochemicals, Ltd........... 1,517,638 1,451,194 * Marico Kaya Enterprises, Ltd....................... 6,843 127,392 Marico, Ltd........................................ 747,006 4,354,841 Maruti Suzuki India, Ltd........................... 300,297 17,593,011 MAX India, Ltd..................................... 649,060 4,950,443 McLeod Russel India, Ltd........................... 242,658 801,242 Mercator, Ltd...................................... 500,673 175,207 Merck, Ltd......................................... 26,744 410,213 MindTree, Ltd...................................... 284,970 6,074,449 MOIL, Ltd.......................................... 18,361 86,223 Monnet Ispat & Energy, Ltd......................... 67,077 66,492 Monsanto India, Ltd................................ 38,154 1,971,089 Motherson Sumi Systems, Ltd........................ 1,034,020 7,522,943 Motilal Oswal Financial Services, Ltd.............. 20,317 104,169 Mphasis, Ltd....................................... 242,499 1,417,802 MPS, Ltd........................................... 3,667 52,911 MRF, Ltd........................................... 8,254 5,327,036 * Nagarjuna Oil Refinery, Ltd........................ 157,070 9,139 Natco Pharma, Ltd.................................. 80,631 1,790,361 National Aluminium Co., Ltd........................ 2,040,106 1,493,273 Nava Bharat Ventures, Ltd.......................... 53,812 167,701 Navneet Education, Ltd............................. 416,623 722,106 NCC, Ltd........................................... 3,048,935 3,723,499 NESCO, Ltd......................................... 31,557 830,928 Nestle India, Ltd.................................. 43,389 4,984,483 NHPC, Ltd.......................................... 10,682,783 3,325,734 NIIT Technologies, Ltd............................. 300,670 1,695,032 NIIT, Ltd.......................................... 276,144 196,382 Nitin Fire Protection Industries, Ltd.............. 577,008 313,529 Noida Toll Bridge Co., Ltd......................... 157,570 89,241 NTPC, Ltd.......................................... 4,168,799 9,641,886 Oberoi Realty, Ltd................................. 155,862 711,772 OCL India, Ltd..................................... 26,327 226,693 Oil & Natural Gas Corp., Ltd....................... 1,565,742 8,870,629 Oil India, Ltd..................................... 396,610 3,403,301 OMAXE, Ltd......................................... 353,866 722,240 * Opto Circuits India, Ltd........................... 1 -- Oracle Financial Services Software, Ltd............ 69,210 3,793,751 Orient Cement, Ltd................................. 199,965 612,429 Oriental Bank of Commerce.......................... 568,376 2,423,031 Orissa Minerals Development Co., Ltd............... 6,450 321,966 * Oswal Chemicals & Fertilizers, Ltd................. 175,169 76,624 Page Industries, Ltd............................... 15,937 3,042,933 * Parsvnath Developers, Ltd.......................... 471,869 136,904 PC Jeweller, Ltd................................... 104,868 449,987 Peninsula Land, Ltd................................ 298,269 180,420 Persistent Systems, Ltd............................ 72,727 1,981,896 672 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Petronet LNG, Ltd.................................. 1,122,198 $ 3,251,299 Pfizer, Ltd........................................ 45,351 1,490,199 Phoenix Mills, Ltd. (The).......................... 93,805 611,405 PI Industries, Ltd................................. 125,897 1,010,599 Pidilite Industries, Ltd........................... 468,919 4,295,053 * Pipavav Defence & Offshore Engineering Co., Ltd.... 1,150,244 910,573 Piramal Enterprises, Ltd........................... 223,156 3,007,978 * Plethico Pharmaceuticals, Ltd...................... 66,992 39,600 Polaris Financial Technology, Ltd.................. 564,116 1,341,005 Polyplex Corp., Ltd................................ 10,415 34,948 Power Finance Corp., Ltd........................... 569,675 2,730,809 Power Grid Corp. of India, Ltd..................... 2,835,046 6,758,493 Praj Industries, Ltd............................... 466,485 470,446 Prestige Estates Projects, Ltd..................... 421,605 1,867,946 * Prism Cement, Ltd.................................. 374,755 624,114 Procter & Gamble Hygiene & Health Care, Ltd........ 12,939 1,310,312 PTC India Financial Services, Ltd.................. 1,020,047 1,031,664 PTC India, Ltd..................................... 1,855,165 2,977,719 * Punj Lloyd, Ltd.................................... 1,305,665 778,419 Punjab & Sind Bank................................. 66,972 64,868 Puravankara Projects, Ltd.......................... 40,453 53,935 Radico Khaitan, Ltd................................ 525,244 810,732 Rain Industries, Ltd............................... 685,680 415,990 Rajesh Exports, Ltd................................ 191,974 528,099 Rallis India, Ltd.................................. 594,299 2,167,502 Ramco Cements, Ltd. (The).......................... 354,824 2,072,798 * Ranbaxy Laboratories, Ltd.......................... 674,941 7,696,784 Ratnamani Metals & Tubes, Ltd...................... 2,120 23,930 * RattanIndia Infrastructure, Ltd.................... 2,141,454 105,253 Raymond, Ltd....................................... 240,618 1,974,299 Redington India, Ltd............................... 454,744 905,857 * REI Agro, Ltd...................................... 2,471,251 41,979 Relaxo Footwears, Ltd.............................. 9,208 97,934 Reliance Capital, Ltd.............................. 403,679 3,160,855 * Reliance Communications, Ltd....................... 3,240,262 4,148,637 Reliance Industries, Ltd........................... 3,980,031 58,784,137 Reliance Infrastructure, Ltd....................... 442,918 3,626,345 * Reliance Power, Ltd................................ 3,489,020 3,668,300 Rolta India, Ltd................................... 719,042 1,273,032 Ruchi Soya Industries, Ltd......................... 631,167 351,398 Rural Electrification Corp., Ltd................... 600,461 3,209,901 Sadbhav Engineering, Ltd........................... 90,249 416,459 Sanofi India, Ltd.................................. 19,357 1,033,803 * Schneider Electric Infrastructure, Ltd............. 119,154 303,894 Selan Exploration Technology, Ltd.................. 11,552 51,530 Sesa Sterlite, Ltd................................. 3,733,738 12,125,338 Sesa Sterlite, Ltd. ADR............................ 395,377 5,135,947 Shasun Pharmaceuticals, Ltd........................ 53,172 242,665 * Shipping Corp. of India, Ltd....................... 1,108,916 1,004,003 Shoppers Stop, Ltd................................. 65,709 501,745 Shree Cement, Ltd.................................. 34,408 6,100,914 * Shree Renuka Sugars, Ltd........................... 2,779,059 722,926 Shriram Transport Finance Co., Ltd................. 207,642 3,826,776 673 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Siemens, Ltd....................................... 287,077 $ 4,887,686 Simplex Infrastructures, Ltd....................... 7,424 44,636 Sintex Industries, Ltd............................. 1,464,992 2,609,462 * SITI Cable Network, Ltd............................ 65,180 36,596 SJVN, Ltd.......................................... 1,396,859 572,878 SKF India, Ltd..................................... 67,024 1,621,034 SML ISUZU, Ltd..................................... 4,272 67,761 Sobha, Ltd......................................... 347,629 2,624,974 Solar Industries India, Ltd........................ 10,146 507,878 Sona Koyo Steering Systems, Ltd.................... 143,137 127,844 Sonata Software, Ltd............................... 83,433 163,422 South Indian Bank, Ltd. (The)...................... 2,491,777 1,107,479 SREI Infrastructure Finance, Ltd................... 256,428 187,864 SRF, Ltd........................................... 135,693 2,084,287 Star Ferro and Cement, Ltd......................... 85,287 134,895 State Bank of Bikaner & Jaipur..................... 90,335 943,001 State Bank of India................................ 3,985,820 19,845,073 State Bank of India GDR............................ 18,000 892,313 State Bank of Travancore........................... 16,267 139,660 Steel Authority of India, Ltd...................... 131,559 163,492 Sterlite Technologies, Ltd......................... 711,995 711,090 Strides Arcolab, Ltd............................... 156,194 2,340,696 Styrolution ABS India, Ltd......................... 16,430 187,089 * Sun Pharma Advanced Research Co., Ltd.............. 344,348 1,807,696 Sun Pharmaceutical Industries, Ltd................. 1,790,812 26,552,474 Sun TV Network, Ltd................................ 581,711 3,823,658 Sundaram Finance, Ltd.............................. 10,572 259,148 Sundaram-Clayton, Ltd.............................. 1,880 60,197 Sundram Fasteners, Ltd............................. 304,081 998,058 Supreme Industries, Ltd............................ 199,420 1,900,030 Supreme Petrochem, Ltd............................. 3,242 3,564 * Surana Industries, Ltd............................. 1,534 967 * Suzlon Energy, Ltd................................. 3,801,285 983,112 Swaraj Engines, Ltd................................ 5,248 73,767 Syndicate Bank..................................... 1,277,746 2,409,584 Tamil Nadu Newsprint & Papers, Ltd................. 36,247 78,325 Tata Chemicals, Ltd................................ 465,058 3,425,338 Tata Communications, Ltd........................... 420,243 2,779,495 Tata Consultancy Services, Ltd..................... 1,014,153 40,648,811 Tata Elxsi, Ltd.................................... 185,545 2,284,323 Tata Global Beverages, Ltd......................... 2,346,904 6,037,235 Tata Motors, Ltd................................... 2,007,555 18,972,823 Tata Motors, Ltd. Sponsored ADR.................... 236,834 11,680,653 Tata Power Co., Ltd................................ 4,596,246 6,770,061 Tata Sponge Iron, Ltd.............................. 29,027 307,718 Tata Steel, Ltd.................................... 1,599,791 10,077,170 * Tata Teleservices Maharashtra, Ltd................. 3,222,266 475,069 Tech Mahindra, Ltd................................. 479,881 22,368,848 Techno Electric & Engineering Co., Ltd............. 15,516 101,792 Texmaco Rail & Engineering, Ltd.................... 100,362 250,337 Thermax, Ltd....................................... 148,208 2,716,231 Time Technoplast, Ltd.............................. 268,988 222,397 Timken India, Ltd.................................. 62,393 540,136 674 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- INDIA -- (Continued) Titan Co., Ltd................................... 625,363 $ 4,309,887 Torrent Pharmaceuticals, Ltd..................... 289,722 5,088,876 Torrent Power, Ltd............................... 478,130 1,330,497 Transport Corp. of India, Ltd.................... 75,458 315,899 Tree House Education and Accessories, Ltd........ 49,967 374,622 Trent, Ltd....................................... 31,736 744,343 Triveni Turbine, Ltd............................. 354,218 602,007 TTK Prestige, Ltd................................ 13,892 753,727 Tube Investments of India, Ltd................... 268,294 1,593,232 * TV18 Broadcast, Ltd.............................. 3,638,549 2,034,693 TVS Motor Co., Ltd............................... 1,265,616 6,261,503 UCO Bank......................................... 1,897,998 2,299,861 Uflex, Ltd....................................... 208,347 510,196 Ultratech Cement, Ltd............................ 155,423 7,876,458 Unichem Laboratories, Ltd........................ 160,022 572,930 Union Bank of India.............................. 1,301,063 4,372,159 * Unitech, Ltd..................................... 10,186,517 3,054,886 United Breweries, Ltd............................ 233,431 3,648,274 * United Spirits, Ltd.............................. 37,841 2,104,907 UPL, Ltd......................................... 2,211,652 13,130,262 * Usha Martin, Ltd................................. 706,962 340,511 * Uttam Galva Steels, Ltd.......................... 60,136 62,870 * Uttam Value Steels, Ltd.......................... 130,697 12,717 V-Guard Industries, Ltd.......................... 76,326 1,233,289 VA Tech Wabag, Ltd............................... 21,210 551,422 Vakrangee, Ltd................................... 734,493 1,516,562 Vardhman Textiles, Ltd........................... 62,036 441,863 Videocon Industries, Ltd......................... 408,231 1,040,192 Vijaya Bank...................................... 1,498,126 1,188,259 VIP Industries, Ltd.............................. 722,636 1,224,338 Voltamp Transformers, Ltd........................ 4,010 45,595 Voltas, Ltd...................................... 1,017,293 4,405,752 VST Industries, Ltd.............................. 15,554 468,183 WABCO India, Ltd................................. 10,894 939,134 Welspun Corp., Ltd............................... 637,539 698,340 * Welspun Enterprises, Ltd......................... 31,877 152,525 Welspun India, Ltd............................... 9,838 60,237 Wipro, Ltd....................................... 2,121,931 20,706,898 Wockhardt, Ltd................................... 177,038 3,449,176 Yes Bank, Ltd.................................... 1,044,272 14,488,728 Zee Entertainment Enterprises, Ltd............... 2,446,059 14,873,222 Zensar Technologies, Ltd......................... 74,890 788,312 Zuari Agro Chemicals, Ltd........................ 22,948 86,151 Zydus Wellness, Ltd.............................. 58,982 758,352 -------------- TOTAL INDIA.......................................... 1,666,959,224 -------------- INDONESIA -- (2.9%) Ace Hardware Indonesia Tbk PT.................... 52,561,800 3,066,197 Adaro Energy Tbk PT.............................. 71,406,300 5,610,813 Adhi Karya Persero Tbk PT........................ 12,209,000 3,532,456 Agung Podomoro Land Tbk PT....................... 52,570,300 1,842,286 AKR Corporindo Tbk PT............................ 7,726,800 2,855,592 Alam Sutera Realty Tbk PT........................ 91,627,900 4,267,092 675 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- INDONESIA -- (Continued) Aneka Tambang Persero Tbk PT....................... 40,017,800 $ 3,346,232 Arwana Citramulia Tbk PT........................... 13,133,200 1,033,409 Asahimas Flat Glass Tbk PT......................... 476,500 315,005 Astra Agro Lestari Tbk PT.......................... 2,910,500 5,319,715 Astra Graphia Tbk PT............................... 2,554,000 378,933 Astra International Tbk PT......................... 75,497,400 46,487,980 * Bakrie and Brothers Tbk PT......................... 249,014,750 982,888 * Bakrie Sumatera Plantations Tbk PT................. 47,660,300 188,107 * Bakrie Telecom Tbk PT.............................. 62,111,539 245,161 * Bakrieland Development Tbk PT...................... 140,083,300 552,924 Bank Bukopin Tbk PT................................ 31,815,900 1,928,029 Bank Central Asia Tbk PT........................... 25,756,500 27,043,266 Bank Danamon Indonesia Tbk PT...................... 8,571,854 2,969,901 Bank Mandiri Persero Tbk PT........................ 27,873,018 24,010,001 Bank Negara Indonesia Persero Tbk PT............... 36,483,930 17,876,370 * Bank Pan Indonesia Tbk PT.......................... 30,000,000 2,506,058 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT............................................... 18,754,200 1,216,345 Bank Permata Tbk PT................................ 203,500 24,836 Bank Rakyat Indonesia Persero Tbk PT............... 35,950,500 32,894,018 Bank Tabungan Negara Persero Tbk PT................ 48,520,735 3,790,955 * Bank Tabungan Pensiunan Nasional Tbk PT............ 2,253,500 710,927 * Barito Pacific Tbk PT.............................. 8,261,500 200,673 * Bayan Resources Tbk PT............................. 949,000 530,566 Benakat Integra Tbk PT............................. 21,066,800 190,514 * Berau Coal Energy Tbk PT........................... 25,135,500 141,868 * Berlian Laju Tanker Tbk PT......................... 26,853,166 -- BISI International Tbk PT.......................... 10,509,912 870,089 * Borneo Lumbung Energi & Metal Tbk PT............... 3,660,500 14,359 * Budi Starch & Sweetener Tbk PT..................... 2,800,500 22,051 * Bumi Resources Minerals Tbk PT..................... 4,629,800 102,340 * Bumi Resources Tbk PT.............................. 60,386,100 478,327 Bumi Serpong Damai Tbk PT.......................... 42,750,500 6,777,844 BW Plantation Tbk PT............................... 28,437,500 795,181 * Central Proteinaprima Tbk PT....................... 7,329,300 67,859 Chandra Asri Petrochemical Tbk PT.................. 7,000 1,651 Charoen Pokphand Indonesia Tbk PT.................. 18,054,760 5,607,729 Ciputra Development Tbk PT......................... 52,270,219 5,893,891 Ciputra Property Tbk PT............................ 14,617,900 941,865 Ciputra Surya Tbk PT............................... 8,098,900 1,909,280 Citra Marga Nusaphala Persada Tbk PT............... 9,083,300 2,002,714 * Clipan Finance Indonesia Tbk PT.................... 2,919,000 98,957 * Darma Henwa Tbk PT................................. 55,755,500 220,073 * Delta Dunia Makmur Tbk PT.......................... 33,980,900 420,151 Elnusa Tbk PT...................................... 55,120,700 2,462,485 * Energi Mega Persada Tbk PT......................... 217,479,600 1,778,570 * Erajaya Swasembada Tbk PT.......................... 10,358,600 980,725 * Exploitasi Energi Indonesia Tbk PT................. 36,327,500 329,973 Express Transindo Utama Tbk PT..................... 11,649,500 889,670 * Fajar Surya Wisesa Tbk PT.......................... 823,000 108,722 Gajah Tunggal Tbk PT............................... 17,986,600 2,065,054 * Garuda Indonesia Persero Tbk PT.................... 1,152,853 54,060 Global Mediacom Tbk PT............................. 42,877,800 6,254,032 * Golden Eagle Energy Tbk PT......................... 1,731,300 243,852 676 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- INDONESIA -- (Continued) Gudang Garam Tbk PT................................ 1,542,200 $ 7,011,725 * Hanson International Tbk PT........................ 43,860,600 2,450,857 Harum Energy Tbk PT................................ 9,627,500 1,150,105 Hexindo Adiperkasa Tbk PT.......................... 1,223,000 366,223 Holcim Indonesia Tbk PT............................ 12,077,200 1,869,434 Indah Kiat Pulp & Paper Corp. Tbk PT............... 12,271,200 1,050,511 * Indika Energy Tbk PT............................... 23,438,300 906,458 Indo Tambangraya Megah Tbk PT...................... 2,083,100 2,744,796 * Indo-Rama Synthetics Tbk PT........................ 12,500 834 Indocement Tunggal Prakarsa Tbk PT................. 5,001,900 9,015,884 Indofood CBP Sukses Makmur Tbk PT.................. 2,935,400 3,347,315 Indofood Sukses Makmur Tbk PT...................... 20,141,900 11,972,754 * Indosat Tbk PT..................................... 6,135,200 1,984,097 * Inovisi Infracom Tbk PT............................ 2,876,678 26,757 Intiland Development Tbk PT........................ 47,831,700 2,331,886 Japfa Comfeed Indonesia Tbk PT..................... 28,716,800 2,004,395 Jasa Marga Persero Tbk PT.......................... 9,009,700 5,097,907 Jaya Real Property Tbk PT.......................... 1,762,500 166,528 Kalbe Farma Tbk PT................................. 51,610,900 7,572,417 Kawasan Industri Jababeka Tbk PT................... 153,218,746 3,659,020 * Krakatau Steel Persero Tbk PT...................... 1,566,000 57,435 * Lippo Cikarang Tbk PT.............................. 3,659,500 3,305,222 Lippo Karawaci Tbk PT.............................. 151,654,562 13,553,096 Malindo Feedmill Tbk PT............................ 7,499,700 1,284,699 Matahari Putra Prima Tbk PT........................ 11,816,772 3,540,041 Mayora Indah Tbk PT................................ 1,770,125 3,384,470 Medco Energi Internasional Tbk PT.................. 9,474,700 2,332,984 Media Nusantara Citra Tbk PT....................... 21,681,093 4,878,025 Mitra Adiperkasa Tbk PT............................ 6,230,000 2,879,657 MNC Investama Tbk PT............................... 104,565,700 2,319,348 MNC Sky Vision Tbk PT.............................. 2,451,400 329,084 Modern Internasional Tbk PT........................ 1,883,000 96,220 Modernland Realty Tbk PT........................... 11,822,600 493,627 Multipolar Tbk PT.................................. 40,321,800 2,675,819 Multistrada Arah Sarana Tbk PT..................... 3,155,000 91,851 Nippon Indosari Corpindo Tbk PT.................... 3,364,700 364,449 * Nusantara Infrastructure Tbk PT.................... 72,472,300 1,082,507 Pabrik Kertas Tjiwi Kimia Tbk PT................... 2,279,000 150,816 Pakuwon Jati Tbk PT................................ 104,775,100 4,108,454 Pan Brothers Tbk PT................................ 1,021,700 36,416 * Panin Financial Tbk PT............................. 134,688,500 2,884,285 * Paninvest Tbk PT................................... 5,396,500 310,528 Pembangunan Perumahan Persero Tbk PT............... 26,623,600 8,155,803 Perusahaan Gas Negara Persero Tbk PT............... 23,787,000 9,449,763 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT............................................... 36,322,600 5,257,475 Petrosea Tbk PT.................................... 3,285,500 238,801 * Polaris Investama Tbk PT........................... 577,000 69,568 Ramayana Lestari Sentosa Tbk PT.................... 22,541,400 1,456,471 Resource Alam Indonesia Tbk PT..................... 2,183,500 179,664 Salim Ivomas Pratama Tbk PT........................ 9,623,300 524,535 Samindo Resources Tbk PT........................... 348,500 11,799 Sampoerna Agro PT.................................. 5,251,659 779,243 Selamat Sempurna Tbk PT............................ 3,009,900 1,144,367 677 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ INDONESIA -- (Continued) Semen Indonesia Persero Tbk PT.................... 9,746,400 $ 11,145,696 * Sentul City Tbk PT................................ 241,677,100 2,172,401 * Sigmagold Inti Perkasa Tbk PT..................... 13,708,000 506,210 Sinar Mas Multiartha Tbk PT....................... 278,500 87,710 Sri Rejeki Isman Tbk PT........................... 12,615,900 154,523 * Sugih Energy Tbk PT............................... 95,481,900 3,134,225 Summarecon Agung Tbk PT........................... 55,447,564 7,168,241 Surya Citra Media Tbk PT.......................... 11,754,500 3,155,380 Surya Semesta Internusa Tbk PT.................... 25,987,200 2,239,408 * Suryainti Permata Tbk PT.......................... 3,098,000 -- Tambang Batubara Bukit Asam Persero Tbk PT........ 5,453,900 4,874,298 Telekomunikasi Indonesia Persero Tbk PT........... 35,059,000 7,783,004 # Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR............................................. 358,549 15,812,011 Tempo Scan Pacific Tbk PT......................... 620,600 129,842 Tiga Pilar Sejahtera Food Tbk..................... 13,389,139 2,265,884 Timah Persero Tbk PT.............................. 38,349,667 3,529,477 * Tiphone Mobile Indonesia Tbk PT................... 11,472,100 928,362 Total Bangun Persada Tbk PT....................... 14,181,600 1,230,740 Tower Bersama Infrastructure Tbk PT............... 6,580,600 4,927,382 * Trada Maritime Tbk PT............................. 22,633,987 236,667 Trias Sentosa Tbk PT.............................. 3,690,500 109,109 * Trimegah Securities Tbk PT........................ 5,343,500 28,704 * Truba Alam Manunggal Engineering PT............... 15,388,500 12,148 Tunas Baru Lampung Tbk PT......................... 8,683,900 479,132 Tunas Ridean Tbk PT............................... 8,038,500 424,259 Ultrajaya Milk Industry & Trading Co. Tbk PT...... 2,569,000 836,302 Unilever Indonesia Tbk PT......................... 2,631,000 7,406,267 United Tractors Tbk PT............................ 6,365,646 8,957,481 Vale Indonesia Tbk PT............................. 24,182,050 6,553,788 * Visi Media Asia Tbk PT............................ 28,187,200 976,662 Waskita Karya Persero Tbk PT...................... 8,946,800 1,200,174 Wijaya Karya Persero Tbk PT....................... 17,251,800 5,061,431 Wintermar Offshore Marine Tbk PT.................. 292,500 16,413 XL Axiata Tbk PT.................................. 15,154,500 5,722,523 ------------ TOTAL INDONESIA....................................... 488,872,900 ------------ MALAYSIA -- (3.9%) # Aeon Co. M Bhd.................................... 2,646,100 2,174,937 # Aeon Credit Service M Bhd......................... 88,560 304,671 Affin Holdings Bhd................................ 3,560,800 2,814,704 AirAsia Bhd....................................... 8,517,800 6,569,097 #* Alam Maritim Resources Bhd........................ 2,587,100 454,753 Alliance Financial Group Bhd...................... 6,286,300 8,275,474 * Amcorp Properties Bhd............................. 67,800 15,057 AMMB Holdings Bhd................................. 9,257,050 15,970,483 Amway Malaysia Hldgs Bhd.......................... 109,600 331,751 Ann Joo Resources Bhd............................. 974,750 300,776 APM Automotive Holdings Bhd....................... 174,800 238,654 Astro Malaysia Holdings Bhd....................... 4,423,300 3,555,993 # Axiata Group Bhd.................................. 7,792,125 15,440,484 Batu Kawan Bhd.................................... 368,750 1,865,796 Benalec Holdings Bhd.............................. 5,119,100 1,173,696 Berjaya Assets Bhd................................ 156,600 36,592 678 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) # Berjaya Corp. Bhd.................................. 22,823,200 $ 2,541,075 Berjaya Land Bhd................................... 2,769,200 607,099 Berjaya Sports Toto Bhd............................ 3,774,397 3,523,041 # BIMB Holdings Bhd.................................. 2,921,699 3,308,221 Bonia Corp. Bhd.................................... 4,050,400 1,062,352 # Boustead Holdings Bhd.............................. 2,386,292 3,053,902 Boustead Plantations Bhd........................... 477,200 187,468 British American Tobacco Malaysia Bhd.............. 392,800 7,140,396 #* Bumi Armada Bhd.................................... 8,039,850 2,659,606 Bursa Malaysia Bhd................................. 1,601,400 3,610,361 Cahya Mata Sarawak Bhd............................. 4,244,400 4,904,449 Can-One Bhd........................................ 216,800 141,520 Carlsberg Brewery Malaysia Bhd Class B............. 808,800 2,615,814 * Carotech Bhd....................................... 44,425 49 CB Industrial Product Holding Bhd.................. 2,887,720 1,660,905 # CIMB Group Holdings Bhd............................ 16,420,057 24,859,355 Coastal Contracts Bhd.............................. 1,469,377 1,182,224 Crescendo Corp. Bhd................................ 13,000 8,659 CSC Steel Holdings Bhd............................. 470,500 130,853 Cypark Resources Bhd............................... 1,283,900 651,718 Daibochi Plastic & Packaging Industry Bhd.......... 31,400 39,989 * Daya Materials Bhd................................. 14,892,600 613,729 Dayang Enterprise Holdings Bhd..................... 1,676,112 1,254,615 # Dialog Group Bhd................................... 11,811,084 5,260,930 # DiGi.Com Bhd....................................... 7,238,820 12,789,620 DKSH Holdings Malaysia Bhd......................... 184,200 318,638 DRB-Hicom Bhd...................................... 8,726,700 4,288,062 Dutch Lady Milk Industries Bhd..................... 61,200 792,790 #* Eastern & Oriental Bhd............................. 8,071,450 5,080,737 * ECM Libra Financial Group Bhd...................... 318,034 86,730 Engtex Group Bhd................................... 416,250 123,512 * Evergreen Fibreboard Bhd........................... 1,031,400 246,403 Eversendai Corp. Bhd............................... 146,700 24,415 Faber Group Bhd.................................... 1,705,000 1,191,668 * Fountain View Development Bhd...................... 31,500 -- Fraser & Neave Holdings Bhd........................ 207,500 1,057,243 # Gamuda Bhd......................................... 7,835,500 10,952,042 # Genting Bhd........................................ 5,292,800 12,864,388 Genting Malaysia Bhd............................... 11,906,800 13,299,016 # Genting Plantations Bhd............................ 1,078,900 3,023,589 # Globetronics Technology Bhd........................ 1,334,520 1,765,642 Glomac Bhd......................................... 3,352,800 914,041 * Goldis Bhd......................................... 478,372 292,762 * Green Packet Bhd................................... 2,607,500 225,306 * Guan Chong Bhd..................................... 103,300 26,775 Guinness Anchor Bhd................................ 567,400 1,882,700 GuocoLand Malaysia Bhd............................. 844,000 298,818 Hai-O Enterprise Bhd............................... 649,700 429,140 HAP Seng Consolidated Bhd.......................... 6,477,940 7,869,963 Hap Seng Plantations Holdings Bhd.................. 1,441,000 1,010,687 # Hartalega Holdings Bhd............................. 1,252,600 2,617,560 Hiap Teck Venture Bhd.............................. 444,600 72,126 * Ho Wah Genting Bhd................................. 605,700 24,983 679 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) Hock Seng LEE BHD.................................. 1,010,212 $ 470,080 # Hong Leong Bank Bhd................................ 1,899,160 7,324,222 # Hong Leong Financial Group Bhd..................... 838,700 3,898,387 # Hong Leong Industries Bhd.......................... 391,600 473,750 Hovid Bhd.......................................... 2,544,100 282,809 Hua Yang Bhd....................................... 1,166,833 689,312 * Hume Industries Bhd................................ 412,236 413,634 Hup Seng Industries Bhd............................ 169,600 43,421 Hwang Capital Malaysia Bhd......................... 99,900 53,092 I Bhd.............................................. 899,400 151,542 IHH Healthcare Bhd................................. 472,800 676,155 # IJM Corp. Bhd...................................... 9,299,963 17,684,495 IJM Land Bhd....................................... 2,993,300 2,940,892 IJM Plantations Bhd................................ 1,206,700 1,160,716 # Inari Amertron Bhd................................. 1,375,800 1,083,463 Inch Kenneth Kajang Rubber......................... 113,000 23,003 # Insas Bhd.......................................... 4,477,102 988,605 Integrax Bhd....................................... 229,000 179,444 # IOI Corp. Bhd...................................... 8,159,777 10,574,003 # IOI Properties Group Bhd........................... 3,314,135 1,877,015 * Iris Corp. Bhd..................................... 8,654,600 804,940 * Iskandar Waterfront City Bhd....................... 3,729,400 1,413,941 * JAKS Resources Bhd................................. 4,007,500 560,671 # Jaya Tiasa Holdings Bhd............................ 1,821,239 926,504 # JCY International Bhd.............................. 4,251,000 817,095 * K&N Kenanga Holdings Bhd........................... 1,779,386 314,834 * Karambunai Corp. Bhd............................... 4,574,700 81,221 Keck Seng Malaysia Bhd............................. 316,300 457,362 Kian JOO CAN Factory Bhd........................... 1,772,080 1,440,391 Kim Loong Resources Bhd............................ 259,020 196,719 Kimlun Corp. Bhd................................... 701,700 250,720 KLCCP Stapled Group................................ 1,100,800 2,092,139 #* KNM Group Bhd...................................... 10,846,068 1,771,697 # Kossan Rubber Industries........................... 2,600,400 3,732,365 # KPJ Healthcare Bhd................................. 2,789,775 3,015,853 * Kretam Holdings Bhd................................ 3,250,300 412,854 # KSL Holdings Bhd................................... 4,097,132 2,260,369 # Kuala Lumpur Kepong Bhd............................ 1,313,222 8,193,161 * KUB Malaysia Bhd................................... 1,459,400 169,962 Kulim Malaysia Bhd................................. 3,059,500 2,560,877 #* Kumpulan Europlus Bhd.............................. 1,271,800 374,650 Kumpulan Fima Bhd.................................. 909,400 497,130 Kumpulan Perangsang Selangor Bhd................... 2,724,200 1,124,931 Kwantas Corp. Bhd.................................. 23,900 13,085 Lafarge Malaysia Bhd............................... 1,798,700 4,912,436 Land & General BHD................................. 6,447,400 927,756 * Landmarks Bhd...................................... 1,303,092 372,449 LBS Bina Group Bhd................................. 2,319,100 982,864 Lingkaran Trans Kota Holdings Bhd.................. 603,500 627,223 Lion Industries Corp. Bhd.......................... 4,272,600 575,215 LPI Capital Bhd.................................... 67,700 384,396 Magnum Bhd......................................... 675,400 518,801 # Mah Sing Group Bhd................................. 6,124,847 3,214,824 680 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) # Malayan Banking Bhd................................ 16,366,740 $39,291,341 Malayan Flour Mills Bhd............................ 1,196,900 546,090 # Malaysia Airports Holdings Bhd..................... 3,008,198 5,925,748 # Malaysia Building Society Bhd...................... 1,181,717 688,684 # Malaysia Marine and Heavy Engineering Holdings Bhd.............................................. 1,886,100 814,746 Malaysian Bulk Carriers Bhd........................ 4,025,923 1,570,786 Malaysian Pacific Industries Bhd................... 505,825 803,373 # Malaysian Resources Corp. Bhd...................... 10,514,000 3,898,712 Malton Bhd......................................... 1,794,800 411,436 Matrix Concepts Holdings Bhd....................... 664,000 501,724 # Maxis Bhd.......................................... 4,771,315 9,316,440 MBM Resources Bhd.................................. 967,410 840,292 Media Chinese International, Ltd................... 905,600 174,483 Media Prima Bhd.................................... 4,803,620 2,471,707 Mega First Corp. BHD............................... 192,300 124,866 MISC Bhd........................................... 3,046,360 6,505,518 MK Land Holdings BHD............................... 5,362,200 625,270 MKH Bhd............................................ 1,129,067 848,925 # MMC Corp. Bhd...................................... 6,239,300 4,159,274 MNRB Holdings Bhd.................................. 924,900 990,358 * MPHB Capital Bhd................................... 375,600 220,727 Muda Holdings Bhd.................................. 292,100 127,040 # Mudajaya Group Bhd................................. 2,521,733 1,123,712 # Muhibbah Engineering M Bhd......................... 3,221,800 1,679,742 * Mulpha International Bhd........................... 15,149,800 1,479,519 # My EG Services Bhd................................. 3,538,400 2,487,833 Naim Holdings Bhd.................................. 1,657,900 1,367,015 NCB Holdings Bhd................................... 149,900 103,433 Nestle Malaysia Bhd................................ 86,600 1,705,288 NTPM Holdings Bhd.................................. 674,100 121,361 Oldtown Bhd........................................ 1,855,725 841,463 Oriental Holdings Bhd.............................. 606,340 1,177,350 OSK Holdings Bhd................................... 3,938,545 2,097,218 # Padini Holdings Bhd................................ 3,534,600 1,420,147 Panasonic Manufacturing Malaysia Bhd............... 70,200 396,828 Pantech Group Holdings Bhd......................... 1,311,800 261,393 Paramount Corp. Bhd................................ 609,325 243,280 #* Parkson Holdings Bhd............................... 3,308,584 2,258,896 # Perdana Petroleum Bhd.............................. 3,552,900 1,111,294 #* Perisai Petroleum Teknologi Bhd.................... 5,851,500 758,942 # Petronas Chemicals Group Bhd....................... 6,980,700 9,783,247 # Petronas Dagangan Bhd.............................. 777,800 3,784,449 # Petronas Gas Bhd................................... 1,367,708 8,363,591 Pharmaniaga Bhd.................................... 368,280 496,581 Pie Industrial Bhd................................. 74,040 144,597 PJ Development Holdings Bhd........................ 1,471,800 594,274 # Pos Malaysia Bhd................................... 2,230,400 2,880,177 Power Root Bhd..................................... 131,500 52,351 PPB Group Bhd...................................... 2,437,500 9,747,913 Press Metal Bhd.................................... 2,519,500 1,867,036 # Prestariang Bhd.................................... 1,991,200 1,005,748 Protasco Bhd....................................... 862,800 367,444 # Public Bank Bhd.................................... 6,609,611 33,015,040 681 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) #* Puncak Niaga Holding Bhd........................... 985,860 $ 715,849 # QL Resources Bhd................................... 2,303,060 2,214,195 RCE Capital Bhd.................................... 840,450 72,763 RHB Capital Bhd.................................... 4,711,420 10,588,332 * Rimbunan Sawit Bhd................................. 832,100 128,151 Salcon Bhd......................................... 4,889,900 871,699 # Sapurakencana Petroleum Bhd........................ 15,814,188 11,624,405 Sarawak Oil Palms Bhd.............................. 486,260 751,178 Sarawak Plantation Bhd............................. 18,900 11,323 Scientex Bhd....................................... 358,964 655,432 * Scomi Energy Services Bhd.......................... 4,715,000 736,577 #* Scomi Group Bhd.................................... 9,803,800 632,080 * Seal, Inc. BHD..................................... 709,100 137,134 SEG International Bhd.............................. 311,400 116,998 Selangor Dredging Bhd.............................. 366,400 107,983 Selangor Properties Bhd............................ 63,100 97,006 Shangri-La Hotels Malaysia Bhd..................... 373,100 702,181 * Shell Refining Co. Federation of Malaya Bhd........ 233,300 354,907 SHL Consolidated Bhd............................... 202,800 169,506 # Sime Darby Bhd..................................... 8,658,338 22,428,778 SP Setia Bhd Group................................. 1,853,446 1,797,759 Star Publications Malaysia Bhd..................... 1,108,800 777,824 * Subur Tiasa Holdings Bhd........................... 39,310 21,272 Sunway Bhd......................................... 5,177,993 4,742,939 # Supermax Corp. Bhd................................. 3,578,650 2,214,725 Suria Capital Holdings Bhd......................... 279,650 175,339 Syarikat Takaful Malaysia Bhd...................... 343,300 1,119,411 Symphony Life Bhd.................................. 321,132 73,966 Ta Ann Holdings Bhd................................ 702,886 731,241 TA Enterprise Bhd.................................. 9,740,700 1,994,475 TA Global Bhd...................................... 4,856,940 433,335 * Talam Transform Bhd................................ 6,754,300 146,999 Tambun Indah Land Bhd.............................. 2,096,000 1,069,294 # TAN Chong Motor Holdings Bhd....................... 1,250,700 1,149,462 * Tanjung Offshore Bhd............................... 1,070,400 125,875 Tasek Corp. Bhd.................................... 38,700 163,379 # TDM Bhd............................................ 7,221,900 1,568,846 # Telekom Malaysia Bhd............................... 3,071,549 5,908,741 Tenaga Nasional Bhd................................ 6,071,381 24,215,844 #* TH Heavy Engineering Bhd........................... 5,506,834 504,618 # TH Plantations Bhd................................. 1,175,640 516,160 * Time dotCom Bhd.................................... 1,420,660 2,114,981 Tiong NAM Logistics Holdings....................... 1,117,900 388,807 # Top Glove Corp. Bhd................................ 2,534,680 3,483,905 Tropicana Corp. Bhd................................ 4,372,600 1,262,459 # TSH Resources Bhd.................................. 2,724,750 1,682,752 # Tune Ins Holdings Bhd.............................. 1,121,600 558,322 Uchi Technologies Bhd.............................. 1,087,300 445,346 # UEM Sunrise Bhd.................................... 8,150,945 2,841,788 UMW Holdings Bhd................................... 3,021,106 9,073,455 Unisem M Bhd....................................... 3,678,620 2,053,248 United Malacca Bhd................................. 197,950 345,459 United Plantations Bhd............................. 159,400 1,075,603 682 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ MALAYSIA -- (Continued) United U-Li Corp. BHD.............................. 122,600 $ 65,397 UOA Development Bhd................................ 1,752,300 1,014,005 # Uzma Bhd........................................... 787,100 420,221 VS Industry Bhd.................................... 478,208 472,411 Wah Seong Corp. Bhd................................ 2,280,219 813,889 # WCT Holdings Bhd................................... 5,639,969 2,479,690 Wellcall Holdings Bhd.............................. 638,500 315,898 Wing Tai Malaysia Bhd.............................. 378,400 177,204 WTK Holdings Bhd................................... 3,043,650 953,469 # Yinson Holdings BHD................................ 1,195,600 934,111 YNH Property Bhd................................... 2,555,831 1,356,351 YTL Corp. Bhd...................................... 34,104,220 16,541,064 YTL E-Solutions Bhd................................ 747,100 110,545 * YTL Land & Development Bhd......................... 1,074,000 242,660 YTL Power International Bhd........................ 8,742,066 3,851,068 Zhulian Corp. Bhd.................................. 899,766 521,196 ------------ TOTAL MALAYSIA......................................... 642,856,066 ------------ MEXICO -- (4.4%) # Alfa S.A.B. de C.V. Class A........................ 14,788,073 26,992,340 # Alpek S.A.B. de C.V................................ 784,160 873,643 #* Alsea S.A.B. de C.V................................ 2,809,671 7,514,574 America Movil S.A.B. de C.V. Series L.............. 18,668,417 20,001,653 # America Movil S.A.B. de C.V. Series L ADR.......... 3,160,148 67,595,565 # Arca Continental S.A.B. de C.V..................... 1,944,796 11,534,231 #* Axtel S.A.B. de C.V................................ 7,168,643 1,626,031 # Banregio Grupo Financiero S.A.B. de C.V............ 1,321,747 6,849,682 #* Bio Pappel S.A.B. de C.V........................... 197,498 296,455 # Bolsa Mexicana de Valores S.A.B. de C.V............ 2,662,924 4,395,126 * Cemex S.A.B. de C.V................................ 5,969,081 5,300,275 #* Cemex S.A.B. de C.V. Sponsored ADR................. 6,484,813 57,649,986 * Cia Minera Autlan S.A.B. de C.V. Series B.......... 533,561 541,054 Coca-Cola Femsa S.A.B. de C.V. Series L............ 84,415 687,056 # Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR....... 97,205 7,901,794 # Compartamos S.A.B. de C.V.......................... 2,050,744 3,895,039 #* Consorcio ARA S.A.B. de C.V. Series *.............. 7,623,472 3,265,132 # Controladora Comercial Mexicana S.A.B. de C.V...... 3,840,051 11,656,314 * Corp. Actinver S.A.B. de C.V....................... 34,049 36,481 #* Corp. GEO S.A.B. de C.V. Series B.................. 3,284,556 32,846 # Corp. Inmobiliaria Vesta S.A.B. de C.V............. 972,338 1,881,170 #* Corp. Interamericana de Entretenimiento S.A.B. de C.V. Class B..................................... 222,600 147,390 Corp. Moctezuma S.A.B. de C.V. Series *............ 392,200 1,190,507 Cydsa S.A.B. de C.V................................ 6,129 11,449 #* Desarrolladora Homex S.A.B. de C.V................. 440,873 13,226 * Dine S.A.B. de C.V................................. 7,300 3,604 # El Puerto de Liverpool S.A.B. de C.V............... 666,563 6,808,597 #* Empresas ICA S.A.B. de C.V......................... 5,157,839 5,367,910 #* Empresas ICA S.A.B. de C.V. Sponsored ADR.......... 620,729 2,563,611 #* Financiera Independencia S.A.B. de C.V............. 246,788 96,809 Fomento Economico Mexicano S.A.B. de C.V........... 357,700 2,994,614 * Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR.................................... 599,632 50,105,250 #* Genomma Lab Internacional S.A.B. de C.V. Class B... 5,218,601 8,233,758 Gruma S.A.B. de C.V. Class B....................... 1,688,397 18,078,503 683 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MEXICO -- (Continued) Gruma S.A.B. de C.V. Sponsored ADR................. 6,300 $ 270,207 #* Grupo Aeromexico S.A.B. de C.V..................... 337,885 504,478 # Grupo Aeroportuario del Centro Norte S.A.B. de C.V.............................................. 1,015,034 4,675,813 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADR......................................... 100 3,705 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR.............................................. 194,071 12,888,255 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B.......................................... 1,511,457 9,993,696 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR.............................................. 64,520 8,446,313 # Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B.......................................... 955,199 12,528,245 #* Grupo Bimbo S.A.B. de C.V. Series A................ 6,073,785 15,454,429 Grupo Carso S.A.B. de C.V. Series A1............... 2,438,535 10,741,950 Grupo Cementos de Chihuahua S.A.B. de C.V.......... 211,154 528,255 # Grupo Comercial Chedraui S.A. de C.V............... 1,671,279 4,638,261 Grupo Elektra S.A.B. de C.V........................ 95,208 3,528,339 #* Grupo Famsa S.A.B. de C.V. Class A................. 2,869,332 1,764,918 Grupo Financiero Banorte S.A.B. de C.V............. 8,504,555 43,307,161 Grupo Financiero Inbursa S.A.B. de C.V............. 9,042,764 23,376,837 Grupo Financiero Interacciones S.A. de C.V......... 17,688 117,070 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B.......................................... 1,597,052 3,387,056 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR...................................... 675,290 7,144,568 Grupo Gigante S.A.B. de C.V. Series *.............. 41,000 112,966 # Grupo Herdez S.A.B. de C.V. Series *............... 889,876 2,048,149 Grupo Industrial Maseca S.A.B. de C.V. Class B..... 60,400 83,773 Grupo Industrial Saltillo S.A.B. de C.V............ 72,099 156,276 Grupo KUO S.A.B. de C.V. Series B.................. 265,425 450,299 Grupo Mexico S.A.B. de C.V. Series B............... 16,098,780 42,444,630 #* Grupo Pochteca S.A.B. de C.V....................... 376,611 323,861 # Grupo Sanborns S.A.B. de C.V....................... 92,565 141,662 #* Grupo Simec S.A.B. de C.V. Series B................ 1,230,926 3,419,444 #* Grupo Simec S.A.B. de C.V. Sponsored ADR........... 7,806 64,321 #* Grupo Sports World S.A.B. de C.V................... 157,001 271,278 Grupo Televisa S.A.B. Series CPO................... 1,306,744 8,520,708 Grupo Televisa S.A.B. Sponsored ADR................ 1,810,392 59,036,883 #* Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V............................. 2,221,298 5,595,664 Industrias Bachoco S.A.B. de C.V. ADR.............. 26,276 1,283,320 # Industrias Bachoco S.A.B. de C.V. Series B......... 225,776 926,330 #* Industrias CH S.A.B. de C.V. Series B.............. 1,503,462 6,168,512 Industrias Penoles S.A.B. de C.V................... 429,395 8,559,254 Infraestructura Energetica Nova S.A.B. de C.V...... 957,239 4,544,961 # Kimberly-Clark de Mexico S.A.B. de C.V. Class A.... 5,218,939 10,145,761 #* Maxcom Telecomunicaciones S.A.B. de C.V............ 1,187,809 162,448 # Megacable Holdings S.A.B. de C.V................... 485,072 1,765,604 #* Mexichem S.A.B. de C.V............................. 5,770,885 16,058,148 #* Minera Frisco S.A.B. de C.V........................ 1,343,128 1,772,379 * OHL Mexico S.A.B. de C.V........................... 3,129,091 5,939,000 # Organizacion Cultiba S.A.B. de C.V................. 146,197 173,219 # Organizacion Soriana S.A.B. de C.V. Class B........ 3,410,725 7,902,497 #* Promotora y Operadora de Infraestructura S.A.B. de C.V.............................................. 1,504,797 16,895,649 Qualitas Controladora S.A.B. de C.V................ 245,271 474,523 * Rassini S.A.B. de C.V.............................. 5,300 19,935 TV Azteca S.A.B. de C.V............................ 4,247,863 1,700,335 #* Urbi Desarrollos Urbanos S.A.B. de C.V............. 1,795,501 539 #* Vitro S.A.B. de C.V. Series A...................... 199,142 441,076 684 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ MEXICO -- (Continued) Wal-Mart de Mexico S.A.B. de C.V. Series V........ 14,831,712 $ 28,605,677 ------------ TOTAL MEXICO.......................................... 735,650,312 ------------ PERU -- (0.1%) Cementos Pacasmayo SAA ADR........................ 17,524 148,253 Cia de Minas Buenaventura SAA ADR................. 157,651 1,800,374 Credicorp, Ltd.................................... 133,689 19,267,259 Grana y Montero SAA Sponsored ADR................. 57,561 597,483 #* Rio Alto Mining, Ltd.............................. 398,008 1,142,283 ------------ TOTAL PERU............................................ 22,955,652 ------------ PHILIPPINES -- (1.6%) A Soriano Corp.................................... 818,000 130,746 Aboitiz Equity Ventures, Inc...................... 4,605,270 5,899,728 Aboitiz Power Corp................................ 5,208,500 5,238,363 Alliance Global Group, Inc........................ 24,695,294 13,957,095 Alsons Consolidated Resources, Inc................ 1,639,000 74,972 Atlas Consolidated Mining & Development........... 2,931,100 624,718 Ayala Corp........................................ 598,485 9,834,021 Ayala Land, Inc................................... 16,012,720 13,041,185 Bank of the Philippine Islands.................... 2,937,753 6,579,532 BDO Unibank, Inc.................................. 4,810,419 12,484,687 Belle Corp........................................ 20,145,700 2,097,074 Cebu Air, Inc..................................... 1,166,910 2,504,277 Cebu Holdings, Inc................................ 2,065,000 237,945 Century Properties Group, Inc..................... 1,153,062 25,655 China Banking Corp................................ 743,148 791,334 COL Financial Group, Inc.......................... 133,700 48,383 Cosco Capital, Inc................................ 311,700 63,387 D&L Industries, Inc............................... 4,238,200 1,628,818 DMCI Holdings, Inc................................ 20,547,600 7,167,391 * East West Banking Corp............................ 86,800 52,051 EEI Corp.......................................... 2,414,300 601,862 * Empire East Land Holdings, Inc.................... 22,778,000 469,383 Energy Development Corp........................... 60,011,200 11,605,857 Filinvest Development Corp........................ 89,300 9,082 Filinvest Land, Inc............................... 98,192,687 3,732,583 First Gen Corp.................................... 8,558,400 6,029,870 First Philippine Holdings Corp.................... 1,899,420 4,250,080 Globe Telecom, Inc................................ 131,465 5,189,129 International Container Terminal Services, Inc.... 3,368,262 8,676,511 JG Summit Holdings, Inc........................... 2,097,980 3,116,748 Jollibee Foods Corp............................... 1,574,967 8,268,625 Leisure & Resorts World Corp...................... 804,720 189,102 * Lepanto Consolidated Mining Co.................... 30,246,517 185,969 Lopez Holdings Corp............................... 14,608,200 2,461,022 LT Group, Inc..................................... 3,916,400 1,208,622 Manila Electric Co................................ 491,930 3,056,231 Manila Water Co., Inc............................. 5,421,500 3,979,188 * Megawide Construction Corp........................ 1,503,970 282,538 Megaworld Corp.................................... 105,685,600 12,395,121 * Metro Pacific Corp. Series A...................... 225,000 -- 685 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ PHILIPPINES -- (Continued) Metro Pacific Investments Corp..................... 51,723,100 $ 6,055,536 Metropolitan Bank & Trust Co....................... 3,361,568 7,241,554 * Pepsi-Cola Products Philippines, Inc............... 8,732,791 789,611 Petron Corp........................................ 863,000 178,110 Philex Mining Corp................................. 770,250 147,596 * Philex Petroleum Corp.............................. 75,900 8,889 Philippine Long Distance Telephone Co.............. 105,535 7,100,974 Philippine Long Distance Telephone Co. Sponsored ADR.............................................. 105,710 7,050,857 * Philippine National Bank........................... 1,768,913 3,370,701 Philippine Stock Exchange, Inc. (The).............. 84,552 679,588 * Philtown Properties, Inc........................... 16,675 -- Philweb Corp....................................... 2,051,840 582,558 Phoenix Petroleum Philippines, Inc................. 986,570 80,928 Puregold Price Club, Inc........................... 1,981,000 1,883,068 RFM Corp........................................... 5,730,300 780,274 Rizal Commercial Banking Corp...................... 1,811,445 1,951,887 Robinsons Land Corp................................ 10,797,050 6,795,771 San Miguel Corp.................................... 2,005,490 3,458,287 San Miguel Pure Foods Co., Inc..................... 6,360 29,381 Security Bank Corp................................. 1,694,278 5,829,349 Semirara Mining and Power Corp..................... 1,321,530 4,398,107 SM Investments Corp................................ 748,787 15,743,125 SM Prime Holdings, Inc............................. 21,695,490 9,119,067 * Top Frontier Investment Holdings, Inc.............. 153,057 398,593 Trans-Asia Oil & Energy Development Corp........... 12,840,000 678,492 * Travellers International Hotel Group, Inc.......... 428,200 68,325 Union Bank of the Philippines...................... 1,406,922 2,288,902 Universal Robina Corp.............................. 2,988,800 14,022,196 Vista Land & Lifescapes, Inc....................... 29,729,400 4,635,960 ------------ TOTAL PHILIPPINES...................................... 263,556,571 ------------ POLAND -- (1.7%) AB SA.............................................. 2,455 23,587 ABC Data SA........................................ 81,105 75,345 Action SA.......................................... 10,630 140,708 * Agora SA........................................... 177,116 436,535 * Alchemia SA........................................ 139,540 188,300 #* Alior Bank SA...................................... 103,274 2,389,163 Amica Wronki SA.................................... 5,174 149,886 * AmRest Holdings SE................................. 38,395 1,191,572 Apator SA.......................................... 27,085 257,571 Asseco Poland SA................................... 523,807 7,759,599 ATM SA............................................. 24,831 74,885 Bank Handlowy w Warszawie SA....................... 189,501 5,525,124 # Bank Millennium SA................................. 2,849,668 5,752,317 # Bank Pekao SA...................................... 437,028 21,080,116 Bank Zachodni WBK SA............................... 73,730 6,860,014 * Bioton SA.......................................... 198,381 218,153 #* Boryszew SA........................................ 1,502,321 2,331,659 Budimex SA......................................... 54,066 2,255,331 # CCC SA............................................. 78,517 3,258,790 #* CD Projekt SA...................................... 527,003 2,298,006 Ciech SA........................................... 274,143 3,665,686 686 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- POLAND -- (Continued) * Colian Holding SA.................................. 52,481 $ 51,237 ComArch SA......................................... 7,881 225,584 Cyfrowy Polsat SA.................................. 587,593 3,775,015 Dom Development SA................................. 9,946 129,793 #* Echo Investment SA................................. 79,110 140,806 # Eko Export SA...................................... 37,170 247,604 Elektrobudowa SA................................... 2,716 59,826 Emperia Holding SA................................. 49,020 713,886 Enea SA............................................ 613,983 2,727,943 # Eurocash SA........................................ 362,154 3,594,048 Fabryki Mebli Forte SA............................. 59,727 850,306 Famur SA........................................... 111,442 99,262 * Farmacol SA........................................ 36,912 526,129 Firma Oponiarska Debica SA......................... 10,995 266,081 * Getin Holding SA................................... 1,654,967 874,041 * Getin Noble Bank SA................................ 3,999,973 2,147,926 * Global City Holdings NV............................ 33,245 378,905 Grupa Azoty SA..................................... 132,038 2,524,968 Grupa Azoty Zaklady Chemiczne Police SA............ 17,834 97,203 Grupa Kety SA...................................... 29,299 2,172,439 * Grupa Lotos SA..................................... 732,440 4,816,268 * Hawe SA............................................ 1,003,528 507,773 * Impexmetal SA...................................... 797,201 568,967 ING Bank Slaski SA................................. 128,243 4,672,275 #* Integer.pl SA...................................... 6,253 282,480 Inter Cars SA...................................... 5,807 336,137 #* Jastrzebska Spolka Weglowa SA...................... 125,430 716,524 * Kernel Holding SA.................................. 261,867 2,199,301 KGHM Polska Miedz SA............................... 826,373 23,427,317 * Kopex SA........................................... 146,978 428,170 * KRUK SA............................................ 15,976 495,535 * LC Corp. SA........................................ 590,468 293,231 Lentex SA.......................................... 43,691 101,853 # LPP SA............................................. 2,841 5,746,272 # Lubelski Wegiel Bogdanka SA........................ 231,667 6,078,535 # mBank.............................................. 74,252 9,388,366 * MCI Management SA.................................. 140,923 415,272 * Midas SA........................................... 811,304 124,633 * Mostostal Zabrze SA................................ 324,876 192,601 Netia SA........................................... 1,611,872 2,600,528 Neuca SA........................................... 11,729 833,224 Orange Polska SA................................... 3,223,659 7,776,546 Orbis SA........................................... 65,350 751,783 Pelion SA.......................................... 30,487 693,217 * Pfleiderer Grajewo SA.............................. 60,652 474,376 PGE SA............................................. 3,775,401 19,782,355 * Polimex-Mostostal SA............................... 2,510,058 60,994 * Polnord SA......................................... 144,214 282,182 * Polski Koncern Miesny Duda SA...................... 26,313 51,557 # Polski Koncern Naftowy Orlen SA.................... 1,760,986 25,982,582 Polskie Gornictwo Naftowe i Gazownictwo SA......... 4,907,784 5,791,190 Powszechna Kasa Oszczednosci Bank Polski SA........ 3,385,327 31,321,642 Powszechny Zaklad Ubezpieczen SA................... 140,536 19,112,893 687 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ POLAND -- (Continued) * PZ Cormay SA....................................... 66,507 $ 61,468 * Rafako SA.......................................... 371,320 585,447 Rawlplug SA........................................ 14,359 24,994 * Stalexport Autostrady SA........................... 312,145 231,883 Stalprodukt SA..................................... 5,080 483,404 * Sygnity SA......................................... 57,819 216,866 # Synthos SA......................................... 2,440,215 2,827,796 Tauron Polska Energia SA........................... 5,625,900 7,568,903 #* Trakcja SA......................................... 277,292 691,081 #* TVN SA............................................. 800,997 3,824,858 * Vistula Group SA................................... 305,796 166,136 Warsaw Stock Exchange.............................. 134,943 1,685,235 Wawel SA........................................... 252 66,599 # Zespol Elektrowni Patnow Adamow Konin SA........... 27,077 201,513 ------------ TOTAL POLAND........................................... 282,478,111 ------------ RUSSIA -- (1.1%) Etalon Group, Ltd. GDR............................. 538,300 1,130,430 Eurasia Drilling Co., Ltd. GDR..................... 384,854 7,312,226 Gazprom OAO Sponsored ADR.......................... 11,326,402 45,465,174 Globaltrans Investment P.L.C. GDR.................. 193,097 871,136 Lukoil OAO Sponsored ADR........................... 779,820 30,662,014 Magnitogorsk Iron & Steel Works OJSC GDR........... 676,687 1,664,090 * Mail.ru Group, Ltd. GDR............................ 70,280 1,006,920 * Mechel Sponsored ADR............................... 491,339 638,741 MegaFon OAO GDR.................................... 19,826 270,761 MMC Norilsk Nickel OJSC ADR........................ 536,711 8,846,132 Novolipetsk Steel OJSC GDR......................... 293,142 3,819,887 Novorossiysk Commercial Sea Port PJSC GDR.......... 95,020 137,183 O'Key Group SA GDR................................. 71,285 239,492 Phosagro OAO GDR................................... 120,563 1,319,626 PIK Group GDR...................................... 669,603 1,825,539 Rosneft OAO GDR.................................... 2,658,275 8,615,911 Rostelecom OJSC Sponsored ADR...................... 139,327 978,141 RusHydro JSC ADR................................... 4,658,684 3,521,965 Sberbank of Russia Sponsored ADR................... 3,913,332 14,422,221 Severstal PAO GDR.................................. 732,289 6,659,381 Tatneft OAO Sponsored ADR.......................... 864,302 20,239,134 TMK OAO GDR........................................ 80,338 204,814 Uralkali PJSC GDR.................................. 769,997 9,555,143 VimpelCom, Ltd. Sponsored ADR...................... 1,152,455 4,148,838 VTB Bank OJSC GDR(46630Q202)....................... 9,793 18,891 VTB Bank OJSC GDR(B1W7FX909)....................... 5,849,991 11,226,062 * X5 Retail Group NV GDR............................. 315,274 3,324,670 ------------ TOTAL RUSSIA........................................... 188,124,522 ------------ SOUTH AFRICA -- (7.8%) * Adcock Ingram Holdings, Ltd........................ 672,800 2,486,736 Adcorp Holdings, Ltd............................... 217,427 617,418 Advtech, Ltd....................................... 1,160,416 913,204 Aeci, Ltd.......................................... 810,421 8,673,549 # African Bank Investments, Ltd...................... 4,779,215 95,420 688 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- SOUTH AFRICA -- (Continued) African Oxygen, Ltd................................ 496,309 $ 595,185 African Rainbow Minerals, Ltd...................... 789,120 7,935,716 Allied Electronics Corp., Ltd...................... 118,970 179,903 * Anglo American Platinum, Ltd....................... 258,524 7,925,426 * AngloGold Ashanti, Ltd............................. 27,426 332,647 * AngloGold Ashanti, Ltd. Sponsored ADR.............. 1,896,042 23,473,000 * ArcelorMittal South Africa, Ltd.................... 895,943 1,902,195 Aspen Pharmacare Holdings, Ltd..................... 784,256 29,366,005 # Assore, Ltd........................................ 118,619 1,628,629 # Astral Foods, Ltd.................................. 246,136 4,155,225 #* Aveng, Ltd......................................... 2,766,327 4,241,079 AVI, Ltd........................................... 2,492,984 18,065,653 Barclays Africa Group, Ltd......................... 1,325,863 22,540,235 Barloworld, Ltd.................................... 1,675,889 12,645,423 * Basil Read Holdings, Ltd........................... 143,266 55,658 * Bell Equipment, Ltd................................ 3,059 2,491 Bidvest Group, Ltd. (The).......................... 1,636,025 45,151,973 Blue Label Telecoms, Ltd........................... 1,437,634 1,042,630 * Brait SE........................................... 723,079 4,776,165 Business Connexion Group, Ltd...................... 425,980 224,695 # Capitec Bank Holdings, Ltd......................... 246,638 8,086,310 Cashbuild, Ltd..................................... 135,226 2,157,468 Caxton and CTP Publishers and Printers, Ltd........ 433,083 568,299 City Lodge Hotels, Ltd............................. 205,100 2,220,296 Clicks Group, Ltd.................................. 1,587,782 12,271,381 Clover Industries, Ltd............................. 47,402 77,198 * Consolidated Infrastructure Group, Ltd............. 71,946 162,403 Coronation Fund Managers, Ltd...................... 1,067,911 9,451,099 Datacentrix Holdings, Ltd.......................... 127,775 37,990 DataTec, Ltd....................................... 1,169,237 5,885,804 Discovery, Ltd..................................... 1,787,332 17,604,010 Distell Group, Ltd................................. 116,199 1,432,515 Distribution and Warehousing Network, Ltd.......... 162,578 94,864 DRDGOLD, Ltd....................................... 2,032,518 464,911 # DRDGOLD, Ltd. Sponsored ADR........................ 4,569 10,600 EOH Holdings, Ltd.................................. 660,326 6,832,687 * Eqstra Holdings, Ltd............................... 599,553 163,282 * Evraz Highveld Steel and Vanadium, Ltd............. 35,483 9,719 # Exxaro Resources, Ltd.............................. 635,856 5,633,982 # Famous Brands, Ltd................................. 376,602 3,577,035 FirstRand, Ltd..................................... 11,029,989 49,087,570 Foschini Group, Ltd. (The)......................... 1,501,739 21,531,304 Gold Fields, Ltd................................... 457,900 2,637,881 Gold Fields, Ltd. Sponsored ADR.................... 4,522,961 26,685,470 Grand Parade Investments, Ltd...................... 545,759 294,560 Grindrod, Ltd...................................... 2,989,709 4,659,634 Group Five, Ltd.................................... 627,728 1,420,691 * Harmony Gold Mining Co., Ltd....................... 745,201 2,241,007 #* Harmony Gold Mining Co., Ltd. Sponsored ADR........ 2,460,850 7,628,635 Holdsport, Ltd..................................... 48,566 208,703 Hudaco Industries, Ltd............................. 182,242 1,838,343 * Hulamin, Ltd....................................... 466,098 353,716 Iliad Africa, Ltd.................................. 329,671 240,427 689 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SOUTH AFRICA -- (Continued) Illovo Sugar, Ltd.................................. 1,222,614 $ 2,526,007 * Impala Platinum Holdings, Ltd...................... 2,244,994 14,565,781 Imperial Holdings, Ltd............................. 1,238,612 21,819,264 Investec, Ltd...................................... 1,475,056 12,355,318 # Invicta Holdings, Ltd.............................. 43,782 285,119 * JD Group, Ltd...................................... 1,010,849 2,182,635 JSE, Ltd........................................... 554,740 5,817,564 KAP Industrial Holdings, Ltd....................... 339,179 147,702 # Kumba Iron Ore, Ltd................................ 238,171 4,578,029 # Lewis Group, Ltd................................... 885,262 6,898,928 Liberty Holdings, Ltd.............................. 619,492 6,964,439 Life Healthcare Group Holdings, Ltd................ 4,381,603 16,305,893 Massmart Holdings, Ltd............................. 505,145 7,189,891 Mediclinic International, Ltd...................... 1,610,820 15,927,804 Merafe Resources, Ltd.............................. 5,033,014 399,459 Metair Investments, Ltd............................ 859,896 2,395,187 Metrofile Holdings, Ltd............................ 877 401 MMI Holdings, Ltd.................................. 7,092,232 19,059,576 Mondi, Ltd......................................... 638,129 11,466,625 Mpact, Ltd......................................... 777,337 2,374,827 Mr Price Group, Ltd................................ 1,126,639 25,518,298 MTN Group, Ltd..................................... 6,069,579 104,813,733 Murray & Roberts Holdings, Ltd..................... 2,553,252 4,307,828 Nampak, Ltd........................................ 3,732,817 13,608,116 Naspers, Ltd. Class N.............................. 654,201 94,376,243 Nedbank Group, Ltd................................. 1,201,903 26,348,201 Netcare, Ltd....................................... 5,624,389 18,672,051 * Northam Platinum, Ltd.............................. 1,771,764 5,835,028 Nu-World Holdings, Ltd............................. 23,372 47,390 Oceana Group, Ltd.................................. 173,557 1,598,320 Omnia Holdings, Ltd................................ 442,039 6,479,499 Peregrine Holdings, Ltd............................ 742,993 1,546,184 Petmin, Ltd........................................ 187,477 21,691 # Pick n Pay Stores, Ltd............................. 1,501,833 7,402,504 * Pinnacle Holdings, Ltd............................. 910,865 847,556 Pioneer Foods, Ltd................................. 436,042 5,682,637 PPC, Ltd........................................... 3,446,840 6,316,384 PSG Group, Ltd..................................... 588,584 6,696,525 * Quantum Foods Holdings, Ltd........................ 427,167 143,920 Raubex Group, Ltd.................................. 342,632 598,943 RCL Foods, Ltd..................................... 152,136 232,698 Resilient Property Income Fund, Ltd................ 300,921 2,272,555 Reunert, Ltd....................................... 886,201 4,756,108 * Royal Bafokeng Platinum, Ltd....................... 72,485 333,908 Sanlam, Ltd........................................ 8,139,212 48,784,320 # Santam, Ltd........................................ 125,139 2,449,219 * Sappi, Ltd......................................... 4,302,914 17,666,848 * Sappi, Ltd. Sponsored ADR.......................... 399,244 1,628,916 Sasol, Ltd......................................... 994,736 35,929,825 Sasol, Ltd. Sponsored ADR.......................... 984,490 36,504,889 Shoprite Holdings, Ltd............................. 1,630,851 25,779,931 Sibanye Gold, Ltd.................................. 1,935,033 5,232,124 Sibanye Gold, Ltd. Sponsored ADR................... 883,562 9,842,881 690 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- SOUTH AFRICA -- (Continued) Spar Group, Ltd. (The)............................ 1,016,030 $ 16,027,644 Spur Corp., Ltd................................... 448,890 1,535,344 Standard Bank Group, Ltd.......................... 4,181,964 55,223,776 * Stefanutti Stocks Holdings, Ltd................... 186,764 81,877 # Steinhoff International Holdings, Ltd............. 9,553,168 48,825,684 Sun International, Ltd............................ 691,268 7,693,024 * Super Group, Ltd.................................. 2,615,760 7,692,527 * Telkom SA SOC, Ltd................................ 1,929,307 11,529,420 * Telkom SA SOC, Ltd. Sponsored ADR................. 24,334 579,149 Tiger Brands, Ltd................................. 501,309 16,906,061 Times Media Group, Ltd............................ 74,593 131,916 Tongaat Hulett, Ltd............................... 561,910 7,707,052 Trencor, Ltd...................................... 534,087 3,223,315 Truworths International, Ltd...................... 1,980,452 13,714,553 Tsogo Sun Holdings, Ltd........................... 1,653,953 3,895,613 Value Group, Ltd.................................. 95,008 38,123 # Vodacom Group, Ltd................................ 842,622 9,674,427 * Wesizwe Platinum, Ltd............................. 19,767 1,349 Wilson Bayly Holmes-Ovcon, Ltd.................... 387,980 4,020,243 Woolworths Holdings, Ltd.......................... 3,929,743 29,168,776 Zeder Investments, Ltd............................ 976,922 656,054 -------------- TOTAL SOUTH AFRICA.................................... 1,308,457,703 -------------- SOUTH KOREA -- (14.0%) #* 3S Korea Co., Ltd................................. 112,580 356,706 # Able C&C Co., Ltd................................. 33,759 674,472 #* Actoz Soft Co., Ltd............................... 24,345 833,975 #* Advanced Nano Products Co., Ltd................... 9,941 133,022 #* Advanced Process Systems Corp..................... 76,585 428,044 Aekyung Petrochemical Co., Ltd.................... 6,151 379,069 # AfreecaTV Co., Ltd................................ 52,478 1,360,644 # Agabang&Company................................... 150,357 1,040,203 # Ahnlab, Inc....................................... 24,000 987,460 #* AJ Rent A Car Co., Ltd............................ 40,000 602,609 # AK Holdings, Inc.................................. 16,086 1,490,671 #* Aminologics Co., Ltd.............................. 190,514 220,846 # Amorepacific Corp................................. 7,202 17,356,906 AMOREPACIFIC Group................................ 10,804 12,314,897 #* Amotech Co., Ltd.................................. 50,218 798,164 #* Anam Electronics Co., Ltd......................... 248,480 185,162 # Anapass, Inc...................................... 40,786 499,643 Asia Cement Co., Ltd.............................. 3,283 358,557 # ASIA Holdings Co., Ltd............................ 13,667 1,781,450 Asia Paper Manufacturing Co., Ltd................. 30,414 665,971 * Asiana Airlines, Inc.............................. 547,792 4,329,109 AtlasBX Co., Ltd.................................. 35,829 1,399,616 * AUK Corp.......................................... 178,670 281,187 Autech Corp....................................... 47,374 263,807 * Avaco Co., Ltd.................................... 40,816 144,324 # Baiksan Co., Ltd.................................. 58,010 207,822 # Basic House Co., Ltd. (The)....................... 50,395 758,811 #* BH Co., Ltd....................................... 93,670 754,335 # BHI Co., Ltd...................................... 23,864 231,783 691 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) #* BI EMT Co., Ltd.................................... 53,654 $ 68,134 # Binggrae Co., Ltd.................................. 19,901 1,349,351 # Bioland, Ltd....................................... 36,801 820,573 # Bluecom Co., Ltd................................... 58,884 675,653 Bookook Securities Co., Ltd........................ 5,240 80,547 #* Boryung Medience Co., Ltd.......................... 19,298 148,740 Boryung Pharmaceutical Co., Ltd.................... 21,804 883,379 #* Bosung Power Technology Co., Ltd................... 115,748 500,597 BS Financial Group, Inc............................ 953,492 12,052,199 Bukwang Pharmaceutical Co., Ltd.................... 64,053 1,194,987 BYC Co., Ltd....................................... 190 45,608 # Byucksan Corp...................................... 159,230 923,004 # CammSys Corp....................................... 227,242 394,061 #* Capro Corp......................................... 153,252 472,087 #* Celltrion Pharm, Inc............................... 68,218 720,326 #* Celltrion, Inc..................................... 148,629 5,512,002 #* Chabiotech Co., Ltd................................ 78,076 1,001,906 * Chadiostech Co., Ltd............................... 29,432 83,139 #* Charm Engineering Co., Ltd......................... 77,090 100,803 #* Cheil Worldwide, Inc............................... 386,364 6,961,511 # Chemtronics Co., Ltd............................... 73,119 742,740 #* Chin Hung International, Inc....................... 113,574 145,331 #* China Great Star International, Ltd................ 481,525 1,291,616 #* China Ocean Resources Co., Ltd..................... 489,106 2,141,606 #* Choa Pharmaceutical Co............................. 69,616 227,253 # Chokwang Paint, Ltd................................ 30,974 382,089 # Chong Kun Dang Pharmaceutical Corp................. 28,395 1,445,039 # Chongkundang Holdings Corp......................... 14,747 797,316 # Choong Ang Vaccine Laboratory...................... 12,091 161,734 Chosun Refractories Co., Ltd....................... 2,127 211,716 # CJ CGV Co., Ltd.................................... 57,093 3,174,255 CJ CheilJedang Corp................................ 38,060 12,194,122 # CJ Corp............................................ 68,500 10,754,936 * CJ E&M Corp........................................ 122,823 4,254,160 #* CJ Freshway Corp................................... 6,226 271,564 #* CJ Korea Express Co., Ltd.......................... 32,119 5,625,131 CJ O Shopping Co., Ltd............................. 13,798 2,792,399 #* CJ Seafood Corp.................................... 80,851 187,293 # CKD Bio Corp....................................... 24,780 519,292 #* CNK International Co., Ltd......................... 104,244 123,323 #* Com2uSCorp......................................... 32,889 5,303,070 # Cosmax BTI, Inc.................................... 63,055 2,664,794 #* CosmoAM&T Co., Ltd................................. 40,310 131,450 #* Cosmochemical Co., Ltd............................. 56,863 252,101 Coway Co., Ltd..................................... 149,353 11,969,290 # Credu Corp......................................... 7,828 374,691 # Crown Confectionery Co., Ltd....................... 4,355 930,017 #* CTC BIO, Inc....................................... 40,956 660,321 #* CUROCOM Co., Ltd................................... 171,694 173,300 #* D.I Corp........................................... 90,026 579,672 #* D.ID Corp.......................................... 42,436 65,466 # Dae Dong Industrial Co., Ltd....................... 66,910 631,878 Dae Han Flour Mills Co., Ltd....................... 6,035 913,831 692 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) # Dae Hyun Co., Ltd.................................. 132,460 $ 320,310 Dae Won Kang Up Co., Ltd........................... 106,380 606,027 #* Dae Young Packaging Co., Ltd....................... 432,655 391,341 # Dae-Il Corp........................................ 79,637 339,629 #* Daea TI Co., Ltd................................... 226,336 302,406 #* Daechang Co., Ltd.................................. 301,520 235,347 Daeduck Electronics Co............................. 200,830 1,701,568 # Daeduck GDS Co., Ltd............................... 118,155 1,359,912 Daegu Department Store............................. 27,142 386,911 #* Daehan New Pharm Co., Ltd.......................... 22,612 334,162 # Daehan Steel Co., Ltd.............................. 75,833 378,998 Daehwa Pharmaceutical Co., Ltd..................... 37,069 287,040 Daekyo Co., Ltd.................................... 76,070 482,494 #* Daekyung Machinery & Engineering Co., Ltd.......... 184,410 268,918 # Daelim Industrial Co., Ltd......................... 137,711 6,870,931 # Daesang Corp....................................... 119,806 4,152,386 Daesang Holdings Co., Ltd.......................... 83,240 1,320,695 # Daesung Holdings Co., Ltd.......................... 21,009 184,245 * Daesung Industrial Co., Ltd........................ 350 2,970 # Daewon Pharmaceutical Co., Ltd..................... 89,658 1,382,124 # Daewon San Up Co., Ltd............................. 34,902 299,509 #* Daewoo Engineering & Construction Co., Ltd......... 450,241 2,780,691 # Daewoo International Corp.......................... 132,397 3,310,212 * Daewoo Securities Co., Ltd......................... 818,317 7,501,592 # Daewoo Shipbuilding & Marine Engineering Co., Ltd............................................... 447,629 7,892,796 Daewoong Co., Ltd.................................. 6,323 250,249 Daewoong Pharmaceutical Co., Ltd................... 20,111 1,135,984 * Dahaam E-Tec Co., Ltd.............................. 1,420 4,382 # Daishin Securities Co., Ltd........................ 256,436 2,143,280 #* Danal Co., Ltd..................................... 53,742 481,547 # Daou Data Corp..................................... 73,862 749,732 # Daou Technology, Inc............................... 177,104 2,358,402 #* Dasan Networks, Inc................................ 89,993 598,547 # Daum Kakao Corp.................................... 37,671 5,233,792 # Dawonsys Co., Ltd.................................. 30,006 421,628 # Dayou Automotive Seat Technology Co., Ltd.......... 263,550 376,314 # DCM Corp........................................... 16,370 240,671 #* Deutsch Motors, Inc................................ 31,888 124,347 DGB Financial Group, Inc........................... 1,047,651 10,047,110 Digital Chosun Co., Ltd............................ 20,134 82,080 # Digital Power Communications Co., Ltd.............. 56,445 215,705 * DIO Corp........................................... 44,232 330,781 # Dong Ah Tire & Rubber Co., Ltd..................... 18,970 326,966 #* Dong Yang Gang Chul Co., Ltd....................... 147,934 572,681 Dong-A Socio Holdings Co., Ltd..................... 14,564 1,666,718 # Dong-Ah Geological Engineering Co., Ltd............ 30,030 204,578 Dong-Il Corp....................................... 5,683 373,736 # Dongaone Co., Ltd.................................. 119,520 347,872 # Dongbang Transport Logistics Co., Ltd.............. 78,710 147,909 #* Dongbu Corp........................................ 35,650 21,815 #* Dongbu HiTek Co., Ltd.............................. 159,392 728,879 Dongbu Insurance Co., Ltd.......................... 237,197 11,442,991 * Dongbu Securities Co., Ltd......................... 153,276 559,252 693 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) #* Dongbu Steel Co., Ltd.............................. 225,905 $ 327,033 Dongil Industries Co., Ltd......................... 7,864 474,584 # Dongjin Semichem Co., Ltd.......................... 137,301 471,343 #* Dongkook Industrial Co., Ltd....................... 137,901 325,241 DongKook Pharmaceutical Co., Ltd................... 16,907 621,668 Dongkuk Industries Co., Ltd........................ 14,471 46,649 # Dongkuk Steel Mill Co., Ltd........................ 392,516 1,997,626 # Dongkuk Structure & Construction Co., Ltd.......... 144,187 424,450 Dongsuh Co., Inc................................... 31,424 664,559 # Dongsung Chemical Co., Ltd......................... 7,530 109,880 # Dongsung Holdings Co., Ltd......................... 117,493 781,669 # Dongsung Pharmaceutical Co., Ltd................... 71,092 289,490 * Dongwha Enterprise Co., Ltd........................ 2,575 49,659 Dongwha Pharm Co., Ltd............................. 129,692 705,598 Dongwon F&B Co., Ltd............................... 7,804 2,338,005 # Dongwon Industries Co., Ltd........................ 5,655 1,671,643 #* Dongwon Systems Corp............................... 15,467 330,325 Dongyang E&P, Inc.................................. 36,782 435,204 # Doosan Corp........................................ 47,174 4,462,421 #* Doosan Engine Co., Ltd............................. 181,418 1,298,297 #* Doosan Engineering & Construction Co., Ltd......... 14,950 123,752 # Doosan Heavy Industries & Construction Co., Ltd.... 256,186 5,435,460 #* Doosan Infracore Co., Ltd.......................... 591,275 5,474,433 #* Dragonfly GF Co., Ltd.............................. 32,366 310,697 DRB Holding Co., Ltd............................... 57,591 631,995 #* Duksan Hi-Metal Co., Ltd........................... 59,176 603,340 # DuzonBIzon Co., Ltd................................ 116,224 1,178,913 # DY Corp............................................ 115,476 701,968 #* DY POWER Corp...................................... 61,824 613,378 e Tec E&C, Ltd..................................... 2,654 330,960 # e-LITECOM Co., Ltd................................. 50,299 686,777 E-Mart Co., Ltd.................................... 71,216 13,512,566 #* e-Starco Co., Ltd.................................. 273,152 601,431 # E1 Corp............................................ 13,707 791,645 # Eagon Industries Co., Ltd.......................... 32,830 466,992 # Easy Bio, Inc...................................... 172,451 895,872 #* Ecopro Co., Ltd.................................... 57,703 420,132 # EG Corp............................................ 23,854 369,353 #* ELK Corp........................................... 112,051 488,466 #* EMKOREA Co., Ltd................................... 48,875 222,520 # ENF Technology Co., Ltd............................ 47,412 355,275 # Eo Technics Co., Ltd............................... 37,384 4,375,154 # Estechpharma Co., Ltd.............................. 43,822 269,194 # Eugene Corp........................................ 295,198 960,493 * Eugene Investment & Securities Co., Ltd............ 484,816 919,692 # Eugene Technology Co., Ltd......................... 86,605 1,124,731 #* Eusu Holdings Co., Ltd............................. 68,774 691,769 # EVERDIGM Corp...................................... 11,209 71,420 F&F Co., Ltd....................................... 2,617 32,574 * Farmsco............................................ 2,780 33,659 # Fila Korea, Ltd.................................... 39,090 3,913,672 #* Fine Technix Co., Ltd.............................. 22,817 61,670 #* Finetex EnE, Inc................................... 100,221 158,200 694 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) # Firstec Co., Ltd................................... 151,053 $ 308,725 #* Flexcom, Inc....................................... 59,292 267,510 #* Foosung Co., Ltd................................... 170,523 472,222 Fursys, Inc........................................ 10,916 306,670 #* Gamevil, Inc....................................... 12,824 2,139,851 # Gaon Cable Co., Ltd................................ 15,900 362,571 #* GemVax & Kael Co., Ltd............................. 15,533 242,272 #* GeneOne Life Science, Inc.......................... 70,447 102,102 #* Genexine Co., Ltd.................................. 2,719 159,002 #* Genic Co., Ltd..................................... 18,664 436,448 GIIR, Inc.......................................... 16,730 108,404 Global & Yuasa Battery Co., Ltd.................... 28,059 1,038,493 # Global Display Co., Ltd............................ 46,527 269,829 #* GNCO Co., Ltd...................................... 287,549 306,264 # Golfzon Co., Ltd................................... 78,030 1,776,156 # Grand Korea Leisure Co., Ltd....................... 122,320 4,451,263 # Green Cross Corp................................... 18,105 2,293,726 # Green Cross Holdings Corp.......................... 114,530 2,286,152 * Green Non-Life Insurance Co., Ltd.................. 14,915 -- #* GS Engineering & Construction Corp................. 350,353 7,963,496 GS Global Corp..................................... 70,870 505,591 # GS Holdings Corp................................... 256,119 9,692,482 GS Home Shopping, Inc.............................. 8,165 1,574,271 # GS retail Co., Ltd................................. 105,542 2,509,295 # Gwangju Shinsegae Co., Ltd......................... 2,914 832,518 # Haesung Industrial Co., Ltd........................ 1,700 35,005 * Halla Corp......................................... 115,962 657,262 # Halla Holdings Corp................................ 49,378 2,843,121 Halla Visteon Climate Control Corp................. 125,612 5,287,788 # Han Kuk Carbon Co., Ltd............................ 168,975 867,521 Hana Financial Group, Inc.......................... 1,140,149 33,327,378 #* Hana Micron, Inc................................... 87,151 862,861 # Hana Tour Service, Inc............................. 38,973 3,035,352 #* Hanall Biopharma Co., Ltd.......................... 64,600 237,422 # Hancom, Inc........................................ 38,344 709,664 Handok, Inc........................................ 7,765 149,803 # Handsome Co., Ltd.................................. 81,558 2,287,874 Hanil Cement Co., Ltd.............................. 20,990 3,160,122 #* Hanjin Heavy Industries & Construction Co., Ltd.... 449,291 1,593,175 # Hanjin Heavy Industries & Construction Holdings Co., Ltd......................................... 81,264 507,549 #* Hanjin Kal Corp.................................... 334,364 9,902,691 #* Hanjin P&C Co., Ltd................................ 106,545 163,809 #* Hanjin Shipping Co., Ltd........................... 18,453 100,153 # Hanjin Transportation Co., Ltd..................... 57,741 3,343,363 Hankook Shell Oil Co., Ltd......................... 3,758 1,712,586 Hankook Tire Co., Ltd.............................. 315,614 15,176,656 * Hankuk Glass Industries, Inc....................... 3,770 85,660 Hankuk Paper Manufacturing Co., Ltd................ 15,900 447,423 #* Hanmi Pharm Co., Ltd............................... 26,867 2,393,551 #* Hanmi Science Co., Ltd............................. 76,958 1,054,578 # Hanmi Semiconductor Co., Ltd....................... 48,770 767,289 # Hansae Co., Ltd.................................... 76,519 2,656,077 # Hansae Yes24 Holdings Co., Ltd..................... 78,966 856,321 695 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) # Hanshin Construction............................... 5,420 $ 69,024 # Hansol Chemical Co., Ltd........................... 47,490 2,181,655 Hansol Holdings Co., Ltd........................... 166,192 1,198,654 #* Hansol HomeDeco Co., Ltd........................... 427,135 570,337 # Hansol Logistics Co., Ltd.......................... 176,540 368,541 * Hansol Paper Co., Ltd.............................. 101,456 1,813,702 #* Hansol Technics Co., Ltd........................... 85,041 1,056,094 # Hanssem Co., Ltd................................... 31,794 4,462,030 # Hanwha Chemical Corp............................... 606,327 6,783,904 # Hanwha Corp........................................ 273,929 6,834,126 # Hanwha Galleria Timeworld Co., Ltd................. 8,040 488,835 #* Hanwha General Insurance Co., Ltd.................. 184,655 707,027 * Hanwha Investment & Securities Co., Ltd............ 364,532 1,321,013 # Hanwha Life Insurance Co., Ltd..................... 805,240 5,712,120 Hanyang Eng Co., Ltd............................... 59,789 408,139 Hanyang Securities Co., Ltd........................ 18,020 121,788 #* Harim Co., Ltd..................................... 86,386 334,238 * Harim Holdings Co., Ltd............................ 207,027 938,179 # Heung-A Shipping Co., Ltd.......................... 573,851 1,462,052 * Heungkuk Fire & Marine Insurance Co., Ltd.......... 24,279 89,136 # High Tech Pharm Co., Ltd........................... 22,952 280,506 # Hite Jinro Co., Ltd................................ 174,665 3,679,399 Hitejinro Holdings Co., Ltd........................ 52,217 549,928 #* HMC Investment Securities Co., Ltd................. 102,873 960,905 # Hotel Shilla Co., Ltd.............................. 94,889 8,804,606 * HS Industries Co., Ltd............................. 13,443 13,252 HS R&A Co., Ltd.................................... 20,224 552,793 # Huchems Fine Chemical Corp......................... 88,801 2,143,657 # Humax Co., Ltd..................................... 105,806 1,579,483 # Huons Co., Ltd..................................... 28,769 1,536,122 Husteel Co., Ltd................................... 25,293 403,386 # Huvis Corp......................................... 71,070 741,247 # Huvitz Co., Ltd.................................... 27,945 415,580 # Hwa Shin Co., Ltd.................................. 110,643 701,343 Hwacheon Machine Tool Co., Ltd..................... 4,514 267,956 HwaSung Industrial Co., Ltd........................ 20,186 251,034 # Hy-Lok Corp........................................ 40,072 1,009,644 Hyosung Corp....................................... 140,088 9,244,303 #* Hyundai BNG Steel Co., Ltd......................... 63,146 844,082 # Hyundai Corp....................................... 53,610 1,337,569 Hyundai Department Store Co., Ltd.................. 62,451 6,770,957 # Hyundai Development Co............................. 338,019 13,222,729 #* Hyundai Elevator Co., Ltd.......................... 54,813 3,253,145 # Hyundai Engineering & Construction Co., Ltd........ 239,490 9,477,706 # Hyundai Engineering Plastics Co., Ltd.............. 88,540 713,638 # Hyundai Glovis Co., Ltd............................ 29,170 6,497,020 # Hyundai Greenfood Co., Ltd......................... 215,940 3,405,907 # Hyundai Heavy Industries Co., Ltd.................. 101,252 10,375,481 Hyundai Home Shopping Network Corp................. 18,367 2,009,401 Hyundai Hy Communications & Networks Co., Ltd...... 171,293 678,623 # Hyundai Hysco Co., Ltd............................. 30,308 2,121,206 # Hyundai Livart Furniture Co., Ltd.................. 54,210 1,694,648 # Hyundai Marine & Fire Insurance Co., Ltd........... 287,655 6,845,694 696 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) #* Hyundai Merchant Marine Co., Ltd................... 87,156 $ 813,316 # Hyundai Mipo Dockyard Co., Ltd..................... 25,099 1,761,419 Hyundai Mobis Co., Ltd............................. 153,167 34,626,119 Hyundai Motor Co................................... 364,834 56,069,122 #* Hyundai Securities Co., Ltd........................ 717,840 4,890,346 # Hyundai Steel Co................................... 295,250 17,713,942 # Hyundai Wia Corp................................... 76,224 10,634,470 #* Hyunjin Materials Co., Ltd......................... 70,175 223,223 # HyVision System, Inc............................... 53,429 442,015 # ICD Co., Ltd....................................... 66,259 458,447 # Il Dong Pharmaceutical Co., Ltd.................... 47,700 729,918 # Iljin Display Co., Ltd............................. 39,098 234,729 # Iljin Electric Co., Ltd............................ 102,328 836,990 # Iljin Holdings Co., Ltd............................ 82,446 502,790 #* Iljin Materials Co., Ltd........................... 74,322 498,045 # Ilshin Spinning Co., Ltd........................... 6,922 1,062,338 # Ilsung Pharmaceuticals Co., Ltd.................... 3,008 308,130 #* IM Co., Ltd........................................ 67,915 225,635 # iMarketKorea, Inc.................................. 56,730 1,416,196 # iMBC Co., Ltd...................................... 28,170 111,656 # InBody Co., Ltd.................................... 33,151 1,163,522 Industrial Bank of Korea........................... 742,530 8,722,727 #* Infinitt Healthcare Co., Ltd....................... 19,386 127,444 #* Infopia Co., Ltd................................... 36,965 453,093 #* Infraware, Inc..................................... 72,723 479,792 #* InkTec Co., Ltd.................................... 37,888 372,043 # Innochips Technology, Inc.......................... 34,587 479,544 * InnoWireless, Inc.................................. 22,924 277,694 #* Innox Corp......................................... 73,906 1,062,955 #* Insun ENT Co., Ltd................................. 171,874 675,718 Intelligent Digital Integrated Securities Co., Ltd.............................................. 19,798 243,397 #* Interflex Co., Ltd................................. 63,672 1,100,287 Intergis Co., Ltd.................................. 6,800 45,718 # Interojo Co., Ltd.................................. 20,167 354,197 # Interpark Corp..................................... 148,632 1,240,202 # INTOPS Co., Ltd.................................... 36,202 608,308 Inzi Controls Co., Ltd............................. 44,490 205,408 INZI Display Co., Ltd.............................. 124,958 207,721 # Iones Co., Ltd..................................... 9,551 129,922 #* IS Dongseo Co., Ltd................................ 49,570 2,648,289 # ISU Chemical Co., Ltd.............................. 65,123 515,504 # IsuPetasys Co., Ltd................................ 190,048 970,853 # Jahwa Electronics Co., Ltd......................... 84,724 1,152,283 # JB Financial Group Co., Ltd........................ 480,453 2,551,558 * Jcontentree Corp................................... 133,592 410,879 # Jeil Pharmaceutical Co............................. 32,320 624,874 * Jeil Savings Bank.................................. 3,200 -- #* Jeju Semiconductor Corp............................ 19,853 54,053 #* Jenax, Inc......................................... 34,294 258,023 Jinro Distillers Co., Ltd.......................... 10,312 287,793 # Jinsung T.E.C...................................... 44,792 214,612 JLS Co., Ltd....................................... 7,182 39,992 #* Joymax Co., Ltd.................................... 17,153 450,008 697 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) #* Jusung Engineering Co., Ltd........................ 134,948 $ 492,694 #* JVM Co., Ltd....................................... 17,083 923,644 JW Holdings Co., Ltd............................... 182,125 409,577 # JW Pharmaceutical Corp............................. 55,543 713,012 Kangwon Land, Inc.................................. 166,590 4,912,623 # KB Capital Co., Ltd................................ 58,789 1,107,550 KB Financial Group, Inc............................ 527,260 17,712,364 * KB Financial Group, Inc. ADR....................... 464,299 15,670,091 KC Cottrell Co., Ltd............................... 23,085 136,314 # KC Green Holdings Co., Ltd......................... 68,630 563,453 # KC Tech Co., Ltd................................... 107,916 757,008 # KCC Corp........................................... 19,339 9,730,228 * KCO Energy, Inc.................................... 70 -- # KCP Co., Ltd....................................... 72,320 2,287,290 #* Keangnam Enterprises, Ltd.......................... 44,197 181,172 #* KEC Corp........................................... 359,677 404,571 # KEPCO Engineering & Construction Co., Inc.......... 29,007 1,125,169 KEPCO Plant Service & Engineering Co., Ltd......... 75,786 6,103,908 Keyang Electric Machinery Co., Ltd................. 140,200 524,377 # KG Chemical Corp................................... 50,978 781,748 # Kginicis Co., Ltd.................................. 88,225 1,983,486 # KGMobilians Co., Ltd............................... 43,631 580,364 # KH Vatec Co., Ltd.................................. 82,272 3,039,508 Kia Motors Corp.................................... 661,264 27,635,590 KISCO Corp......................................... 20,266 589,645 KISCO Holdings Co., Ltd............................ 2,565 110,366 # Kishin Corp........................................ 42,990 279,243 KISWIRE, Ltd....................................... 41,220 1,522,832 # KIWOOM Securities Co., Ltd......................... 55,729 2,965,603 * KMH Co., Ltd....................................... 43,593 402,873 #* KMW Co., Ltd....................................... 57,687 927,320 # Koentec Co., Ltd................................... 307,302 755,375 Koh Young Technology, Inc.......................... 57,905 2,511,289 # Kolao Holdings..................................... 70,184 1,082,038 # Kolon Corp......................................... 48,109 993,268 #* Kolon Global Corp.................................. 37,038 271,716 # Kolon Industries, Inc.............................. 113,855 4,829,336 # Kolon Life Science, Inc............................ 27,150 1,087,772 #* Komipharm International Co., Ltd................... 27,643 228,043 # KONA I Co., Ltd.................................... 69,895 2,178,595 Kook Soon Dang Brewery Co., Ltd.................... 68,185 372,723 # Korea Aerospace Industries, Ltd.................... 146,228 6,222,766 Korea Airport Service Co., Ltd..................... 1,131 42,469 * Korea Alcohol Industrial Co., Ltd.................. 6,066 26,098 # Korea Cast Iron Pipe Industries Co., Ltd........... 3,750 18,587 # Korea Circuit Co., Ltd............................. 62,768 724,634 # Korea District Heating Corp........................ 16,671 823,128 Korea Electric Power Corp.......................... 231,414 9,048,038 * Korea Electric Power Corp. Sponsored ADR........... 480,952 9,291,993 Korea Electric Terminal Co., Ltd................... 31,550 1,862,419 Korea Electronic Power Industrial Development Co., Ltd.............................................. 86,951 489,450 # Korea Export Packaging Industrial Co., Ltd......... 11,810 247,389 # Korea Flange Co., Ltd.............................. 30,107 444,772 698 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) * Korea Gas Corp..................................... 108,637 $ 4,472,664 #* Korea Info & Comm.................................. 77,904 632,017 Korea Investment Holdings Co., Ltd................. 217,740 10,261,194 # Korea Kolmar Co., Ltd.............................. 37,476 1,966,566 # Korea Kolmar Holdings Co., Ltd..................... 33,914 1,690,177 #* Korea Line Corp.................................... 20,448 409,670 Korea Petrochemical Ind Co., Ltd................... 21,697 1,619,975 # Korea United Pharm, Inc............................ 50,469 707,324 Korea Zinc Co., Ltd................................ 23,914 9,340,957 # Korean Reinsurance Co.............................. 584,024 5,431,436 # Kortek Corp........................................ 49,472 526,935 KPX Chemical Co., Ltd.............................. 6,559 333,817 #* KR Motors Co., Ltd................................. 360,460 347,045 #* KSCB Co., Ltd...................................... 16,107 48,423 KT Corp............................................ 143,514 3,907,409 * KT Corp. Sponsored ADR............................. 301,481 4,051,905 * KT Hitel Co., Ltd.................................. 45,597 432,351 KT Skylife Co., Ltd................................ 119,515 1,764,838 KT&G Corp.......................................... 218,578 15,955,754 #* KTB Investment & Securities Co., Ltd............... 293,805 498,342 Kukdo Chemical Co., Ltd............................ 24,476 1,040,946 # Kumho Electric Co., Ltd............................ 19,644 398,918 #* Kumho Industrial Co., Ltd.......................... 6,814 182,490 # Kumho Petrochemical Co., Ltd....................... 38,059 3,099,621 * Kumho Tire Co., Inc................................ 498,137 4,406,670 # Kumkang Kind Co., Ltd.............................. 11,669 722,549 Kunsul Chemical Industrial Co., Ltd................ 20,095 1,002,269 # Kwang Dong Pharmaceutical Co., Ltd................. 204,270 2,037,563 #* Kwang Myung Electric Engineering Co., Ltd.......... 213,320 463,267 * Kwangju Bank....................................... 95,372 776,773 #* Kyeryong Construction Industrial Co., Ltd.......... 21,112 203,643 * Kyobo Securities Co., Ltd.......................... 115,315 1,026,791 #* Kyongnam Bank...................................... 145,748 1,445,394 # Kyung Dong Navien Co., Ltd......................... 28,390 645,581 # Kyung-In Synthetic Corp............................ 102,540 439,405 # Kyungbang, Ltd..................................... 4,727 721,536 # Kyungchang Industrial Co., Ltd..................... 94,687 670,158 KyungDong City Gas Co., Ltd........................ 10,262 924,230 # Kyungdong Pharm Co., Ltd........................... 32,976 720,443 Kyungnam Energy Co., Ltd........................... 3,460 20,765 # L&F Co., Ltd....................................... 43,180 249,012 #* LB Semicon, Inc.................................... 171,662 258,592 # LEENO Industrial, Inc.............................. 49,318 1,796,140 LF Corp............................................ 113,664 3,257,059 LG Chem, Ltd....................................... 141,746 25,491,777 LG Corp............................................ 373,912 21,042,914 LG Display Co., Ltd................................ 863,120 28,360,493 * LG Display Co., Ltd. ADR........................... 846,745 13,708,802 # LG Electronics, Inc................................ 509,173 28,208,551 # LG Hausys, Ltd..................................... 38,908 6,344,824 # LG Household & Health Care, Ltd.................... 23,769 14,890,806 # LG Innotek Co., Ltd................................ 78,189 6,929,823 # LG International Corp.............................. 209,308 6,992,876 699 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) #* LG Life Sciences, Ltd.............................. 35,554 $ 1,515,238 LG Uplus Corp...................................... 1,206,934 13,305,949 #* LIG ADP Co., Ltd................................... 14,255 52,837 # LIG Insurance Co., Ltd............................. 265,426 5,563,589 # LMS Co., Ltd....................................... 32,221 553,139 # Lock&Lock Co., Ltd................................. 106,330 1,008,049 #* Logistics Energy Korea Co., Ltd.................... 139,240 243,466 Lotte Chemical Corp................................ 66,281 10,457,743 # Lotte Chilsung Beverage Co., Ltd................... 3,758 5,694,497 # Lotte Confectionery Co., Ltd....................... 3,283 5,594,730 Lotte Food Co., Ltd................................ 3,536 1,999,707 # LOTTE Himart Co., Ltd.............................. 38,687 1,905,434 #* Lotte Non-Life Insurance Co., Ltd.................. 134,230 328,207 # Lotte Shopping Co., Ltd............................ 45,229 9,788,203 LS Corp............................................ 81,730 3,582,508 # LS Industrial Systems Co., Ltd..................... 68,431 3,771,694 #* Lumens Co., Ltd.................................... 354,373 2,105,578 # Macquarie Korea Infrastructure Fund................ 1,417,579 9,525,160 #* Macrogen, Inc...................................... 12,304 623,148 # Maeil Dairy Industry Co., Ltd...................... 31,906 936,353 * Mando Corp......................................... 37,212 5,609,494 # MDS Technology Co., Ltd............................ 5,422 112,435 #* Medifron DBT Co., Ltd.............................. 81,261 188,491 #* Medipost Co., Ltd.................................. 11,985 515,412 Medy-Tox, Inc...................................... 25,265 8,489,318 # MegaStudy Co., Ltd................................. 24,221 1,317,280 #* Melfas, Inc........................................ 93,515 443,045 # Meritz Financial Group, Inc........................ 197,730 1,750,557 Meritz Fire & Marine Insurance Co., Ltd............ 354,585 3,944,103 Meritz Securities Co., Ltd......................... 1,025,050 3,588,282 Mi Chang Oil Industrial Co., Ltd................... 2,155 139,714 # Mirae Asset Securities Co., Ltd.................... 162,174 6,824,715 #* Mirae Corp......................................... 1,324,718 209,950 Miwon Chemicals Co., Ltd........................... 1,200 38,197 * Miwon Commercial Co., Ltd.......................... 456 67,697 Miwon Specialty Chemical Co., Ltd.................. 988 265,458 # MK Electron Co., Ltd............................... 82,406 436,818 #* MNTech Co., Ltd.................................... 108,612 562,988 # Modetour Network, Inc.............................. 35,269 888,161 * Monalisa Co., Ltd.................................. 28,400 72,958 Moorim P&P Co., Ltd................................ 183,971 656,492 # Moorim Paper Co., Ltd.............................. 110,200 226,331 Motonic Corp....................................... 49,880 622,711 #* Muhak Co., Ltd..................................... 25,590 865,923 # Namhae Chemical Corp............................... 119,110 956,751 #* Namsun Aluminum Co., Ltd........................... 177,360 183,946 # Namyang Dairy Products Co., Ltd.................... 1,115 735,992 # Naver Corp......................................... 60,144 38,983,135 # NCSoft Corp........................................ 56,933 10,396,911 #* Neowiz Games Corp.................................. 71,829 1,458,136 * NEOWIZ HOLDINGS Corp............................... 29,940 397,556 #* NEPES Corp......................................... 140,292 1,208,787 Nexen Corp......................................... 20,820 1,676,961 700 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) # Nexen Tire Corp.................................... 168,871 $ 2,399,251 #* Nexolon Co., Ltd................................... 319,720 91,064 #* Nexon GT Co., Ltd.................................. 83,827 1,090,155 #* NHN Entertainment Corp............................. 17,676 1,199,486 NICE Holdings Co., Ltd............................. 60,740 952,792 NICE Information Service Co., Ltd.................. 152,352 887,737 #* NK Co., Ltd........................................ 107,504 418,010 # Nong Shim Holdings Co., Ltd........................ 10,674 1,048,508 # Nong Woo Bio Co., Ltd.............................. 14,772 291,465 # NongShim Co., Ltd.................................. 14,384 3,038,040 Noroo Holdings Co., Ltd............................ 9,220 192,392 NOROO Paint & Coatings Co., Ltd.................... 33,552 301,630 NPC................................................ 83,760 428,010 #* OCI Co., Ltd....................................... 75,209 5,332,114 OCI Materials Co., Ltd............................. 32,495 1,909,005 #* OPTRON-TEC, Inc.................................... 110,759 643,858 #* Orientbio, Inc..................................... 265,298 168,728 # Orion Corp......................................... 10,453 9,974,553 #* OSANGJAIEL Co., Ltd................................ 35,202 382,601 * Osstem Implant Co., Ltd............................ 45,559 1,836,886 #* Osung LST Co., Ltd................................. 19,853 12,019 Ottogi Corp........................................ 5,413 2,810,635 #* Paik Kwang Industrial Co., Ltd..................... 99,357 214,048 #* Pan Ocean Co., Ltd................................. 28,865 67,975 # Pan-Pacific Co., Ltd............................... 109,600 634,832 Pang Rim Co., Ltd.................................. 1,781 36,604 #* PaperCorea, Inc.................................... 663,304 439,905 # Paradise Co., Ltd.................................. 94,795 2,265,036 # Partron Co., Ltd................................... 322,056 3,639,619 #* Pharmicell Co., Ltd................................ 154,381 450,195 POSCO.............................................. 31,634 7,348,425 POSCO ADR.......................................... 511,345 29,775,619 # POSCO Chemtech Co., Ltd............................ 10,119 1,250,302 * POSCO Coated & Color Steel Co., Ltd................ 3,334 41,431 # Posco ICT Co., Ltd................................. 258,264 1,293,219 # Posco M-Tech Co., Ltd.............................. 96,658 242,694 #* Posco Plantec Co., Ltd............................. 52,228 176,385 #* Power Logics Co., Ltd.............................. 148,057 564,922 # PSK, Inc........................................... 60,231 756,098 Pulmuone Co., Ltd.................................. 6,402 763,340 # Pyeong Hwa Automotive Co., Ltd..................... 69,037 1,064,345 #* Redrover Co., Ltd.................................. 52,765 271,347 # Reyon Pharmaceutical Co., Ltd...................... 10,903 202,287 # RFsemi Technologies, Inc........................... 20,093 139,597 # RFTech Co., Ltd.................................... 38,610 314,708 #* Rocket Electric Co., Ltd........................... 114,930 10,207 # Romanson Co., Ltd.................................. 27,489 398,659 * S&C Engine Group, Ltd.............................. 101,317 218,403 # S&T Corp........................................... 8,318 122,286 # S&T Dynamics Co., Ltd.............................. 155,838 1,427,184 S&T Holdings Co., Ltd.............................. 29,516 529,885 S&T Motiv Co., Ltd................................. 49,646 2,004,245 # S-1 Corp........................................... 45,985 3,345,542 701 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SOUTH KOREA -- (Continued) # S-Energy Co., Ltd.................................. 46,917 $ 334,293 # S-MAC Co., Ltd..................................... 93,218 389,455 # S-Oil Corp......................................... 158,598 8,724,015 # Saeron Automotive Corp............................. 3,180 29,952 * Sajo Industries Co., Ltd........................... 14,513 592,334 Sam Young Electronics Co., Ltd..................... 52,430 573,900 # Sam Yung Trading Co., Ltd.......................... 53,574 1,140,837 * Sambu Construction Co., Ltd........................ 1,421 7,622 Samchully Co., Ltd................................. 13,855 1,741,754 # Samho Development Co., Ltd......................... 53,704 153,463 * Samho International Co., Ltd....................... 10,008 146,450 # SAMHWA Paints Industrial Co., Ltd.................. 42,710 581,208 # Samick Musical Instruments Co., Ltd................ 283,360 1,115,076 Samick THK Co., Ltd................................ 52,803 402,022 Samjin Pharmaceutical Co., Ltd..................... 51,035 1,075,442 # Samkwang Glass..................................... 15,805 1,071,374 # Samlip General Foods Co., Ltd...................... 12,050 2,130,647 Samsung C&T Corp................................... 478,605 24,251,004 Samsung Card Co., Ltd.............................. 43,208 1,501,821 Samsung Climate Control Co., Ltd................... 4,190 44,270 # Samsung Electro-Mechanics Co., Ltd................. 313,142 19,058,157 Samsung Electronics Co., Ltd....................... 369,094 458,192,735 #* Samsung Engineering Co., Ltd....................... 67,263 2,319,960 # Samsung Fine Chemicals Co., Ltd.................... 118,180 3,677,071 Samsung Fire & Marine Insurance Co., Ltd........... 114,873 30,930,370 # Samsung Heavy Industries Co., Ltd.................. 601,450 9,737,223 Samsung Life Insurance Co., Ltd.................... 142,020 14,587,451 # Samsung SDI Co., Ltd............................... 242,672 28,317,575 # Samsung Securities Co., Ltd........................ 306,341 13,217,638 # Samsung Techwin Co., Ltd........................... 135,708 2,829,261 #* SAMT Co., Ltd...................................... 98,047 165,411 # Samwha Capacitor Co., Ltd.......................... 11,760 42,159 # Samyang Foods Co., Ltd............................. 20,187 397,537 Samyang Genex Co., Ltd............................. 1,871 183,068 Samyang Holdings Corp.............................. 22,639 1,947,024 # Samyang Tongsang Co., Ltd.......................... 6,139 598,799 #* Samyoung Chemical Co., Ltd......................... 158,910 218,634 #* Sangbo Corp........................................ 55,788 359,714 #* Sapphire Technology Co., Ltd....................... 28,245 325,276 # Satrec Initiative Co., Ltd......................... 9,732 161,397 Savezone I&C Corp.................................. 65,228 364,942 SBS Contents Hub Co., Ltd.......................... 35,226 397,230 # SBS Media Holdings Co., Ltd........................ 264,240 1,079,841 #* SBW................................................ 311,730 288,904 Seah Besteel Corp.................................. 98,016 2,850,792 SeAH Holdings Corp................................. 3,746 501,332 SeAH Steel Corp.................................... 19,657 1,371,722 Sebang Co., Ltd.................................... 61,306 1,070,471 #* Seegene, Inc....................................... 32,732 975,634 Sejong Industrial Co., Ltd......................... 67,289 829,236 Sempio Foods Co.................................... 11,951 361,152 #* Seobu T&D.......................................... 60,550 935,570 # Seohan Co., Ltd.................................... 228,446 460,971 702 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) #* Seohee Construction Co., Ltd....................... 982,726 $ 697,662 # Seoul Semiconductor Co., Ltd....................... 181,870 3,218,573 #* Seowon Co., Ltd.................................... 55,740 59,715 # SEOWONINTECH Co., Ltd.............................. 66,219 849,973 Seoyeon Co., Ltd................................... 107,216 1,369,664 * Seshin Co., Ltd.................................... 2,000 -- #* Sewon Cellontech Co., Ltd.......................... 136,564 336,184 Sewon Precision Industry Co., Ltd.................. 2,555 60,761 # SEWOONMEDICAL Co., Ltd............................. 98,123 543,135 # SFA Engineering Corp............................... 36,376 1,527,823 #* SG Corp............................................ 798,263 482,205 # SH Energy & Chemical Co., Ltd...................... 428,820 683,359 Shin Poong Pharmaceutical Co., Ltd................. 166,622 630,962 # Shinhan Financial Group Co., Ltd................... 587,965 24,005,674 * Shinhan Financial Group Co., Ltd. ADR.............. 387,122 15,426,812 #* Shinil Industrial Co., Ltd......................... 214,068 291,912 Shinsegae Co., Ltd................................. 43,027 6,309,299 Shinsegae Information & Communication Co., Ltd..... 4,167 401,905 # Shinsegae International Co., Ltd................... 11,730 954,684 #* Shinsung Solar Energy Co., Ltd..................... 294,793 342,997 * Shinsung Tongsang Co., Ltd......................... 516,206 674,509 * Shinwha Intertek Corp.............................. 11,754 32,313 #* Shinwon Corp....................................... 153,359 258,713 # Shinyoung Securities Co., Ltd...................... 11,600 594,830 #* Signetics Corp..................................... 278,865 434,919 #* SIGONG TECH Co., Ltd............................... 58,961 242,417 Silicon Works Co., Ltd............................. 59,105 1,556,924 # Silla Co., Ltd..................................... 38,481 754,615 #* Simm Tech Co., Ltd................................. 129,173 1,240,645 # SIMPAC, Inc........................................ 78,380 403,468 Sindoh Co., Ltd.................................... 8,629 564,120 SJM Co., Ltd....................................... 42,434 264,217 * SK Broadband Co., Ltd.............................. 908,477 3,516,052 # SK C&C Co., Ltd.................................... 43,567 9,286,217 # SK Chemicals Co., Ltd.............................. 82,415 4,583,181 #* SK Communications Co., Ltd......................... 88,183 592,404 # SK Gas, Ltd........................................ 24,662 1,937,122 SK Holdings Co., Ltd............................... 151,744 23,658,557 # SK Hynix, Inc...................................... 1,223,154 52,834,792 # SK Innovation Co., Ltd............................. 246,820 20,959,804 * SK Networks Co., Ltd............................... 773,442 6,625,331 #* SK Securities Co., Ltd............................. 1,803,091 1,538,789 SK Telecom Co., Ltd................................ 9,434 2,472,329 # SK Telecom Co., Ltd. ADR........................... 170,500 4,901,875 SKC Co., Ltd....................................... 128,808 3,537,265 # SL Corp............................................ 81,729 1,318,607 #* SM Culture & Contents Co., Ltd..................... 37,934 119,064 #* SM Entertainment Co................................ 81,560 2,716,850 #* Solborn, Inc....................................... 69,633 290,251 * Solco Biomedical Co., Ltd.......................... 276,795 144,492 # Solid, Inc......................................... 76,880 547,607 Songwon Industrial Co., Ltd........................ 102,884 812,247 #* Sonokong Co., Ltd.................................. 37,918 120,527 703 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) #* Soosan Heavy Industries Co., Ltd................... 11,350 $ 15,738 # Soulbrain Co., Ltd................................. 52,218 1,731,418 * Ssangyong Cement Industrial Co., Ltd............... 148,902 2,037,101 * Steel Flower Co., Ltd.............................. 14,291 53,591 #* STS Semiconductor & Telecommunications............. 214,128 811,779 #* STX Corp........................................... 4,359 16,366 #* STX Engine Co., Ltd................................ 113,410 68,250 # Suheung Co., Ltd................................... 31,130 1,402,520 Sun Kwang Co., Ltd................................. 8,392 148,601 Sunchang Corp...................................... 34,046 254,559 # Sung Kwang Bend Co., Ltd........................... 125,377 1,511,407 #* Sungchang Enterprise Holdings, Ltd................. 29,963 579,259 * Sungshin Cement Co., Ltd........................... 122,061 1,507,612 # Sungwoo Hitech Co., Ltd............................ 224,400 2,475,197 # Sunjin Co., Ltd.................................... 25,747 730,624 #* Sunny Electronics Corp............................. 59,310 131,131 #* Suprema, Inc....................................... 41,274 1,014,161 #* Synopex, Inc....................................... 294,929 505,566 Tae Kyung Industrial Co., Ltd...................... 73,750 390,125 Taekwang Industrial Co., Ltd....................... 2,206 2,270,056 #* Taewoong Co., Ltd.................................. 60,689 827,791 * Taeyoung Engineering & Construction Co., Ltd....... 252,663 1,118,600 #* Taihan Electric Wire Co., Ltd...................... 426,755 468,275 Tailim Packaging Industrial Co., Ltd............... 203,490 424,953 TCC Steel.......................................... 45,752 113,712 # TechWing, Inc...................................... 27,316 252,412 # TES Co., Ltd....................................... 20,552 304,770 #* Theall Medi Bio.................................... 49,170 64,205 #* Theragen Etex Co., Ltd............................. 30,238 136,542 #* TK Chemical Corp................................... 271,046 447,116 #* TK Corp............................................ 39,021 375,590 Tokai Carbon Korea Co., Ltd........................ 1,861 16,114 Tong Yang Moolsan Co., Ltd......................... 20,210 144,764 # Tongyang Life Insurance............................ 237,413 2,382,871 * Top Engineering Co., Ltd........................... 31,343 125,117 # Toptec Co., Ltd.................................... 34,472 527,693 #* Toray Chemical Korea, Inc.......................... 119,546 1,541,705 # Tovis Co., Ltd..................................... 75,091 1,350,438 #* Trais Co., Ltd..................................... 52,841 128,784 TS Corp............................................ 27,198 620,789 #* UBCare Co., Ltd.................................... 49,822 122,279 # Ubiquoss, Inc...................................... 67,761 598,898 #* Ubivelox, Inc...................................... 14,683 209,886 # UI Display Co., Ltd................................ 30,462 126,044 # Uju Electronics Co., Ltd........................... 41,344 578,610 # Unid Co., Ltd...................................... 23,222 1,243,038 #* Uniquest Corp...................................... 21,430 180,584 #* Unison Co., Ltd.................................... 106,124 238,682 # Value Added Technologies Co., Ltd.................. 35,739 869,428 # Vieworks Co., Ltd.................................. 31,931 952,415 # Visang Education, Inc.............................. 29,286 202,525 #* Webzen, Inc........................................ 55,893 1,570,248 #* WeMade Entertainment Co., Ltd...................... 14,969 641,516 704 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- SOUTH KOREA -- (Continued) # Whanin Pharmaceutical Co., Ltd................... 42,680 $ 758,676 # WillBes & Co. (The).............................. 340,599 423,662 # WiSoL Co., Ltd................................... 95,915 782,645 #* Wonik Cube Corp.................................. 46,904 128,940 #* Wonik IPS Co., Ltd............................... 253,415 3,096,545 * Wonik Materials Co., Ltd......................... 4,895 209,770 # Woojeon & Handan Co., Ltd........................ 90,395 202,878 #* Woongjin Energy Co., Ltd......................... 261,630 376,095 * Woongjin Holdings Co., Ltd....................... 21,357 40,549 * Woongjin Thinkbig Co., Ltd....................... 113,582 780,945 # Wooree ETI Co., Ltd.............................. 151,114 270,609 * Woori Bank....................................... 1,256,888 10,113,949 * Woori Bank Sponsored ADR......................... 1,525 36,066 Woori Investment & Securities Co., Ltd........... 860,511 8,665,127 #* Woori Investment Bank Co., Ltd................... 2,206,024 818,699 # WooSung Feed Co., Ltd............................ 85,910 247,092 # Y G-1 Co., Ltd................................... 69,710 579,498 YESCO Co., Ltd................................... 12,670 389,634 # YG Entertainment, Inc............................ 44,488 1,922,476 Yoosung Enterprise Co., Ltd...................... 134,921 625,849 # Youlchon Chemical Co., Ltd....................... 56,010 551,813 # Young Heung Iron & Steel Co., Ltd................ 189,290 305,040 Young Poong Corp................................. 2,442 3,164,592 # Young Poong Precision Corp....................... 82,543 739,207 Youngone Corp.................................... 81,769 4,193,111 # Youngone Holdings Co., Ltd....................... 25,270 2,070,422 #* Yuanta Securities Korea.......................... 193,093 698,262 # Yuhan Corp....................................... 30,599 4,775,618 YuHwa Securities Co., Ltd........................ 4,830 66,068 #* Yungjin Pharmaceutical Co., Ltd.................. 265,384 342,258 -------------- TOTAL SOUTH KOREA.................................... 2,336,713,813 -------------- SPAIN -- (0.1%) Banco Santander SA............................... 82,820 563,297 # Banco Santander SA Sponsored ADR................. 2,224,857 14,884,294 -------------- TOTAL SPAIN.......................................... 15,447,591 -------------- TAIWAN -- (13.9%) # A-DATA Technology Co., Ltd....................... 1,166,465 2,007,237 Ability Enterprise Co., Ltd...................... 2,729,893 1,620,548 # AcBel Polytech, Inc.............................. 1,805,468 2,054,031 Accton Technology Corp........................... 3,341,369 1,646,733 # Ace Pillar Co., Ltd.............................. 259,617 169,039 #* Acer, Inc........................................ 15,424,595 10,007,234 # ACES Electronic Co., Ltd......................... 511,000 672,234 ACHEM Technology Corp............................ 1,546,264 917,452 #* Acme Electronics Corp............................ 270,481 277,024 # Acter Co., Ltd................................... 260,000 657,429 * Action Electronics Co., Ltd...................... 920,977 196,982 # Actron Technology Corp........................... 396,200 1,411,555 # Adlink Technology, Inc........................... 501,094 1,225,848 # Advanced Ceramic X Corp.......................... 246,000 1,189,985 705 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) #* Advanced Connectek, Inc............................ 1,321,000 $ 510,034 Advanced International Multitech Co., Ltd.......... 610,000 476,146 # Advanced Semiconductor Engineering, Inc............ 15,890,750 19,954,317 Advanced Semiconductor Engineering, Inc. ADR....... 823,972 5,446,455 #* Advanced Wireless Semiconductor Co................. 330,000 490,266 # Advancetek Enterprise Co., Ltd..................... 836,896 624,426 # Advantech Co., Ltd................................. 770,087 5,750,141 #* AGV Products Corp.................................. 3,449,407 868,592 # AimCore Technology Co., Ltd........................ 310,402 269,185 # Airtac International Group......................... 424,490 3,685,593 # Alcor Micro Corp................................... 463,000 391,229 # ALI Corp........................................... 2,073,000 1,641,107 # Allis Electric Co., Ltd............................ 329,000 97,089 # Alltek Technology Corp............................. 192,950 185,700 Alltop Technology Co., Ltd......................... 85,000 89,433 # Alpha Networks, Inc................................ 2,147,000 1,189,000 # Altek Corp......................................... 1,920,159 2,262,697 # Ambassador Hotel (The)............................. 1,606,000 1,431,650 AMPOC Far-East Co., Ltd............................ 540,567 497,141 AmTRAN Technology Co., Ltd......................... 5,263,944 2,988,437 Anpec Electronics Corp............................. 511,448 521,327 # Apacer Technology, Inc............................. 706,918 725,840 APCB, Inc.......................................... 872,000 657,525 # Apex Biotechnology Corp............................ 674,625 1,136,646 # Apex International Co., Ltd........................ 448,808 635,949 # Apex Medical Corp.................................. 332,463 609,526 # Apex Science & Engineering......................... 851,145 325,140 Arcadyan Technology Corp........................... 889,753 1,201,790 # Ardentec Corp...................................... 2,329,557 1,978,452 * Arima Communications Corp.......................... 1,225,153 498,746 # Asia Cement Corp................................... 7,784,655 9,385,329 #* Asia Optical Co., Inc.............................. 1,565,000 2,105,715 # Asia Plastic Recycling Holding, Ltd................ 823,277 964,918 # Asia Polymer Corp.................................. 2,125,200 1,567,766 Asia Vital Components Co., Ltd..................... 1,959,864 1,488,630 # ASROCK, Inc........................................ 208,000 477,876 #* Astro Corp......................................... 76,000 75,497 # Asustek Computer, Inc.............................. 3,011,861 31,478,800 # Aten International Co., Ltd........................ 539,715 1,421,495 # AU Optronics Corp.................................. 35,361,497 19,225,671 # AU Optronics Corp. Sponsored ADR................... 1,500,152 8,400,851 # Audix Corp......................................... 498,375 694,058 # AURAS Technology Co., Ltd.......................... 115,822 73,385 # Aurora Corp........................................ 407,226 690,748 AV Tech Corp....................................... 201,000 322,731 # Avermedia Technologies............................. 1,223,037 423,298 #* Avision, Inc....................................... 1,034,263 306,187 # AVY Precision Technology, Inc...................... 266,000 620,435 # Awea Mechantronic Co., Ltd......................... 176,774 243,490 Bank of Kaohsiung Co., Ltd......................... 2,328,513 665,320 Basso Industry Corp................................ 621,427 855,379 # BenQ Materials Corp................................ 981,000 1,005,361 BES Engineering Corp............................... 9,349,050 2,237,302 706 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) #* Bin Chuan Enterprise Co., Ltd...................... 263,530 $ 187,500 # Bionet Corp........................................ 260,000 317,595 # Biostar Microtech International Corp............... 1,058,712 382,095 # Bizlink Holding, Inc............................... 465,502 1,534,274 Boardtek Electronics Corp.......................... 839,000 1,160,805 Bright Led Electronics Corp........................ 784,180 362,925 # C Sun Manufacturing, Ltd........................... 871,740 627,756 # Cameo Communications, Inc.......................... 1,245,116 288,780 # Capital Securities Corp............................ 12,777,210 4,166,520 # Career Technology MFG. Co., Ltd.................... 1,875,000 1,979,682 # Carnival Industrial Corp........................... 1,889,000 471,739 # Carry Technology Co., Ltd.......................... 342,000 153,367 # Catcher Technology Co., Ltd........................ 2,372,872 20,749,754 Cathay Chemical Works.............................. 35,000 18,943 # Cathay Financial Holding Co., Ltd.................. 18,317,499 26,231,227 # Cathay Real Estate Development Co., Ltd............ 4,945,000 2,629,149 Celxpert Energy Corp............................... 108,000 81,834 #* Center Laboratories, Inc........................... 115,816 322,780 Central Reinsurance Co., Ltd....................... 621,774 326,004 # ChainQui Construction Development Co., Ltd......... 425,464 312,183 # Chaintech Technology Corp.......................... 205,470 194,107 Champion Building Materials Co., Ltd............... 2,178,390 652,082 Chang Hwa Commercial Bank, Ltd..................... 21,290,968 12,013,633 # Chang Wah Electromaterials, Inc.................... 284,800 661,865 # Channel Well Technology Co., Ltd................... 960,000 612,975 # Charoen Pokphand Enterprise........................ 1,070,200 927,891 # Chaun-Choung Technology Corp....................... 534,000 1,514,754 CHC Resources Corp................................. 327,135 740,266 Chen Full International Co., Ltd................... 603,000 666,186 # Chenbro Micom Co., Ltd............................. 449,000 785,668 Cheng Loong Corp................................... 5,894,160 2,390,609 # Cheng Shin Rubber Industry Co., Ltd................ 7,157,508 17,252,690 # Cheng Uei Precision Industry Co., Ltd.............. 3,023,630 5,333,682 #* Chenming Mold Industry Corp........................ 430,708 361,074 # Chia Chang Co., Ltd................................ 893,000 875,402 # Chia Hsin Cement Corp.............................. 2,422,747 1,066,469 Chicony Electronics Co., Ltd....................... 2,346,774 6,439,629 # Chien Kuo Construction Co., Ltd.................... 1,808,706 654,417 * Chien Shing Stainless Steel Co., Ltd............... 350,000 56,750 Chilisin Electronics Corp.......................... 537,481 719,992 # Chime Ball Technology Co., Ltd..................... 174,000 457,958 # Chimei Materials Technology Corp................... 1,122,200 1,133,271 # Chin-Poon Industrial Co., Ltd...................... 1,975,617 3,346,972 * China Airlines, Ltd................................ 14,771,057 7,474,069 China Chemical & Pharmaceutical Co., Ltd........... 1,812,000 1,170,616 China Development Financial Holding Corp........... 58,748,157 19,292,208 # China Ecotek Corp.................................. 160,000 342,500 #* China Electric Manufacturing Corp.................. 1,525,220 515,039 # China General Plastics Corp........................ 2,287,446 1,086,778 China Glaze Co., Ltd............................... 751,162 337,160 China Life Insurance Co., Ltd...................... 12,306,464 10,315,125 #* China Man-Made Fiber Corp.......................... 7,151,662 2,587,732 China Metal Products............................... 1,779,405 1,800,845 707 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) China Motor Corp................................... 3,476,716 $ 2,983,477 #* China Petrochemical Development Corp............... 15,887,325 5,937,843 # China Steel Chemical Corp.......................... 634,998 3,070,389 # China Steel Corp................................... 29,962,440 25,383,900 # China Steel Structure Co., Ltd..................... 633,000 551,019 # China Synthetic Rubber Corp........................ 2,901,818 2,956,004 * China United Trust & Investment Corp............... 50,053 -- * China Wire & Cable Co., Ltd........................ 928,000 343,224 #* Chinese Gamer International Corp................... 150,000 295,529 # Chinese Maritime Transport, Ltd.................... 709,460 756,257 # Chipbond Technology Corp........................... 3,124,000 6,385,578 # Chong Hong Construction Co., Ltd................... 1,043,228 2,136,288 # Chroma ATE, Inc.................................... 1,258,705 3,137,246 Chun YU Works & Co., Ltd........................... 1,409,000 646,730 Chun Yuan Steel.................................... 2,384,177 869,945 Chung Hsin Electric & Machinery Manufacturing Corp............................................. 2,558,500 1,637,024 * Chung Hung Steel Corp.............................. 5,412,926 1,240,463 #* Chung Hwa Pulp Corp................................ 3,066,530 852,697 # Chunghwa Chemical Synthesis & Biotech Co., Ltd..... 272,000 281,896 * Chunghwa Picture Tubes, Ltd........................ 15,894,759 802,944 Chunghwa Telecom Co., Ltd.......................... 3,299,000 9,969,663 # Chunghwa Telecom Co., Ltd. ADR..................... 408,501 12,271,370 # Chyang Sheng Dyeing & Finishing Co., Ltd........... 667,000 364,482 # Cleanaway Co., Ltd................................. 365,000 1,784,889 # Clevo Co........................................... 2,051,482 3,104,280 * CMC Magnetics Corp................................. 17,280,210 2,427,833 #* CoAsia Microelectronics Corp....................... 533,400 272,370 # Collins Co., Ltd................................... 712,078 320,238 # Compal Electronics, Inc............................ 22,487,560 16,398,222 # Compeq Manufacturing Co., Ltd...................... 7,127,000 4,063,054 #* Concord Securities Corp............................ 2,543,000 651,295 Continental Holdings Corp.......................... 3,076,250 1,110,436 # Coretronic Corp.................................... 3,844,250 5,424,719 * Cosmo Electronics Corp............................. 212,245 227,173 # Coxon Precise Industrial Co., Ltd.................. 753,000 1,574,164 Creative Sensor, Inc............................... 389,000 300,050 #* Crystalwise Technology, Inc........................ 775,585 597,775 # CSBC Corp. Taiwan.................................. 2,898,150 1,519,269 CTBC Financial Holding Co., Ltd.................... 43,779,169 27,771,521 CTCI Corp.......................................... 2,467,896 3,899,731 # Cub Elecparts, Inc................................. 152,909 1,566,890 CviLux Corp........................................ 428,672 709,302 # Cyberlink Corp..................................... 475,504 1,379,276 # CyberPower Systems, Inc............................ 219,000 436,885 # CyberTAN Technology, Inc........................... 1,456,873 1,103,214 # D-Link Corp........................................ 4,571,722 2,562,372 # DA CIN Construction Co., Ltd....................... 972,809 615,682 #* Da-Li Construction Co., Ltd........................ 458,439 533,858 Dafeng TV, Ltd..................................... 252,320 422,436 #* Danen Technology Corp.............................. 2,506,000 828,019 # Darfon Electronics Corp............................ 1,653,700 929,122 #* Darwin Precisions Corp............................. 2,358,304 1,109,134 # Davicom Semiconductor, Inc......................... 170,392 191,948 708 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) #* De Licacy Industrial Co., Ltd...................... 139,000 $ 62,738 #* Delpha Construction Co., Ltd....................... 1,371,754 690,892 Delta Electronics, Inc............................. 3,328,163 20,328,098 # Depo Auto Parts Ind Co., Ltd....................... 672,634 2,569,965 # DFI, Inc........................................... 353,571 406,325 Dimerco Express Corp............................... 454,000 339,658 # Dynacolor, Inc..................................... 249,000 551,799 #* Dynamic Electronics Co., Ltd....................... 1,717,583 781,596 # Dynapack International Technology Corp............. 696,000 1,584,508 #* E Ink Holdings, Inc................................ 6,164,000 2,767,787 # E-Lead Electronic Co., Ltd......................... 419,846 983,296 E-Life Mall Corp................................... 335,000 644,651 #* E-Ton Solar Tech Co., Ltd.......................... 2,310,168 1,150,759 E.Sun Financial Holding Co., Ltd................... 26,449,590 16,271,017 Eastern Media International Corp................... 2,597,270 865,845 # Eclat Textile Co., Ltd............................. 772,534 7,997,527 # Edimax Technology Co., Ltd......................... 1,227,423 489,602 # Edison Opto Corp................................... 829,000 654,820 # Edom Technology Co., Ltd........................... 431,660 370,137 # eGalax_eMPIA Technology, Inc....................... 432,165 871,681 # Elan Microelectronics Corp......................... 1,758,323 2,749,639 # Elite Advanced Laser Corp.......................... 456,000 1,463,287 Elite Material Co., Ltd............................ 1,832,839 2,469,303 # Elite Semiconductor Memory Technology, Inc......... 1,364,390 2,110,895 # Elitegroup Computer Systems Co., Ltd............... 2,277,028 1,964,374 # eMemory Technology, Inc............................ 344,000 3,567,159 * Emerging Display Technologies Corp................. 50,000 13,309 # ENG Electric Co., Ltd.............................. 792,247 486,629 EnTie Commercial Bank Co., Ltd..................... 2,149,166 1,005,156 * Entire Technology Co., Ltd......................... 30,000 21,177 * Episil Holdings, Inc............................... 939,500 453,119 # Epistar Corp....................................... 5,246,261 9,294,180 # Eternal Materials Co., Ltd......................... 3,689,677 3,624,834 #* Etron Technology, Inc.............................. 2,366,000 1,437,205 * Eva Airways Corp................................... 9,868,631 7,611,659 # Everest Textile Co., Ltd........................... 1,477,064 705,897 Evergreen International Storage & Transport Corp... 3,574,000 2,077,702 * Evergreen Marine Corp. Taiwan, Ltd................. 9,340,472 6,655,063 # Everlight Chemical Industrial Corp................. 2,189,244 1,817,079 # Everlight Electronics Co., Ltd..................... 2,262,570 5,427,319 # Everspring Industry Co., Ltd....................... 440,000 506,549 # Excelsior Medical Co., Ltd......................... 550,049 883,926 Far Eastern Department Stores, Ltd................. 4,410,000 3,762,561 # Far Eastern International Bank..................... 12,508,033 4,184,694 Far Eastern New Century Corp....................... 11,396,770 11,470,458 Far EasTone Telecommunications Co., Ltd............ 5,777,000 14,113,846 # Faraday Technology Corp............................ 1,454,822 1,767,029 #* Farglory F T Z Investment Holding Co., Ltd......... 592,000 383,851 Farglory Land Development Co., Ltd................. 1,915,105 2,236,709 Federal Corp....................................... 2,817,925 1,666,032 # Feedback Technology Corp........................... 215,000 352,218 Feng Hsin Iron & Steel Co.......................... 2,179,131 2,665,289 Feng TAY Enterprise Co., Ltd....................... 1,401,329 5,241,590 709 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Fine Blanking & Tool Co., Ltd...................... 35,000 $ 50,104 # Firich Enterprises Co., Ltd........................ 76,196 263,865 First Copper Technology Co., Ltd................... 1,044,000 322,723 First Financial Holding Co., Ltd................... 32,514,056 18,941,314 First Hotel........................................ 873,730 557,651 First Insurance Co, Ltd. (The)..................... 1,563,640 777,874 #* First Steamship Co., Ltd........................... 2,305,838 1,272,842 # FLEXium Interconnect, Inc.......................... 1,281,127 3,041,707 # Flytech Technology Co., Ltd........................ 524,200 1,866,273 # FocalTech Systems Co., Ltd......................... 601,000 688,391 # Formosa Advanced Technologies Co., Ltd............. 1,128,000 770,131 # Formosa Chemicals & Fibre Corp..................... 8,061,198 17,249,786 # Formosa International Hotels Corp.................. 181,998 1,838,366 #* Formosa Laboratories, Inc.......................... 133,178 289,658 # Formosa Oilseed Processing Co., Ltd................ 421,891 266,708 # Formosa Optical Technology Co., Ltd................ 199,000 537,328 # Formosa Petrochemical Corp......................... 1,883,000 4,011,507 Formosa Plastics Corp.............................. 8,406,770 20,287,514 Formosa Taffeta Co., Ltd........................... 3,607,460 3,642,758 # Formosan Rubber Group, Inc......................... 3,024,000 3,085,843 # Formosan Union Chemical............................ 1,444,401 557,557 Fortune Electric Co., Ltd.......................... 678,304 331,174 Founding Construction & Development Co., Ltd....... 1,122,067 721,842 Foxconn Technology Co., Ltd........................ 3,860,937 10,454,050 # Foxlink Image Technology Co., Ltd.................. 711,000 436,426 #* Froch Enterprise Co., Ltd.......................... 1,142,000 497,934 FSP Technology, Inc................................ 1,133,414 912,466 Fubon Financial Holding Co., Ltd................... 16,386,387 25,965,679 # Fullerton Technology Co., Ltd...................... 601,670 492,489 # Fulltech Fiber Glass Corp.......................... 2,012,540 757,753 # Fwusow Industry Co., Ltd........................... 850,334 399,472 # G Shank Enterprise Co., Ltd........................ 854,510 704,081 #* G Tech Optoelectronics Corp........................ 1,349,000 1,228,771 # Gallant Precision Machining Co., Ltd............... 993,000 375,756 # Gamania Digital Entertainment Co., Ltd............. 555,000 673,470 #* GEM Terminal Industrial Co., Ltd................... 313,938 126,158 # Gemtek Technology Corp............................. 2,239,574 1,632,402 # General Plastic Industrial Co., Ltd................ 220,684 240,069 #* Genesis Photonics, Inc............................. 2,017,418 1,001,113 #* Genius Electronic Optical Co., Ltd................. 450,810 1,562,390 #* Genmont Biotech, Inc............................... 317,314 333,911 # GeoVision, Inc..................................... 316,476 1,170,379 # Getac Technology Corp.............................. 2,610,281 1,584,887 # Giant Manufacturing Co., Ltd....................... 855,363 7,465,607 #* Giantplus Technology Co., Ltd...................... 1,410,000 536,818 # Giga Solution Tech Co., Ltd........................ 646,044 422,716 # Gigabyte Technology Co., Ltd....................... 3,671,750 4,513,312 # Gigasolar Materials Corp........................... 117,820 1,793,018 #* Gigastorage Corp................................... 1,812,728 1,463,601 # Ginko International Co., Ltd....................... 132,000 1,295,514 #* Gintech Energy Corp................................ 2,833,784 1,912,716 * Global Brands Manufacture, Ltd..................... 1,995,973 678,632 # Global Lighting Technologies, Inc.................. 490,000 703,680 710 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ TAIWAN -- (Continued) Global Mixed Mode Technology, Inc.................. 444,000 $ 1,287,242 # Global Unichip Corp................................ 443,000 1,229,861 * Globalwafers Co., Ltd.............................. 159,837 466,626 # Globe Union Industrial Corp........................ 1,283,820 627,412 # Gloria Material Technology Corp.................... 3,261,851 2,300,499 # Glory Science Co., Ltd............................. 301,866 442,623 * Glotech Industrial Corp............................ 62,000 15,031 #* Gold Circuit Electronics, Ltd...................... 2,736,747 1,906,868 #* Goldsun Development & Construction Co., Ltd........ 8,394,672 2,864,512 Good Will Instrument Co., Ltd...................... 203,486 140,246 # Gourmet Master Co., Ltd............................ 248,000 1,348,718 # Grand Pacific Petrochemical........................ 6,180,000 3,379,493 # Grape King Bio, Ltd................................ 609,000 2,500,843 Great China Metal Industry......................... 886,000 866,294 # Great Taipei Gas Co., Ltd.......................... 1,435,000 1,052,733 Great Wall Enterprise Co., Ltd..................... 3,071,797 2,712,204 #* Green Energy Technology, Inc....................... 1,972,640 1,143,337 #* GTM Holdings Corp.................................. 904,000 566,460 # Gudeng Precision Industrial Co., Ltd............... 136,300 229,344 * Hannstar Board Corp................................ 1,819,875 920,960 # HannStar Display Corp.............................. 19,855,323 4,888,121 * HannsTouch Solution, Inc........................... 5,878,262 1,396,861 # Harvatek Corp...................................... 1,052,316 600,003 Hey Song Corp...................................... 1,717,500 2,069,879 # Hi-Clearance, Inc.................................. 124,000 368,076 # Highwealth Construction Corp....................... 2,269,023 4,599,177 # Hiroca Holdings, Ltd............................... 314,221 918,614 #* HiTi Digital, Inc.................................. 773,975 398,009 # Hitron Technology, Inc............................. 1,654,300 841,292 # Hiwin Technologies Corp............................ 750,245 6,172,366 * Hiyes International Co., Ltd....................... 2,260 2,793 #* Ho Tung Chemical Corp.............................. 5,385,172 1,832,048 Hocheng Corp....................................... 1,868,300 602,697 * Hold-Key Electric Wire & Cable Co., Ltd............ 266,901 79,214 # Holiday Entertainment Co., Ltd..................... 323,400 398,721 # Holtek Semiconductor, Inc.......................... 985,000 1,790,679 Holy Stone Enterprise Co., Ltd..................... 1,330,822 1,791,286 Hon Hai Precision Industry Co., Ltd................ 44,256,377 121,439,097 # Hong Ho Precision Textile Co., Ltd................. 207,000 185,355 # Hong TAI Electric Industrial....................... 1,327,000 444,787 # Hong YI Fiber Industry Co.......................... 55,680 23,509 Horizon Securities Co., Ltd........................ 3,131,000 898,574 # Hota Industrial Manufacturing Co., Ltd............. 908,449 1,625,709 Hotai Motor Co., Ltd............................... 697,000 10,015,109 #* Howarm United Industries Co., Ltd.................. 207,310 476,016 # Hsin Kuang Steel Co., Ltd.......................... 1,504,783 842,024 # Hsin Yung Chien Co., Ltd........................... 199,100 678,577 # Hsing TA Cement Co................................. 361,000 156,361 #* HTC Corp........................................... 2,905,619 14,404,940 # Hu Lane Associate, Inc............................. 460,688 1,678,666 # HUA ENG Wire & Cable............................... 2,557,000 808,140 Hua Nan Financial Holdings Co., Ltd................ 23,768,728 13,212,852 # Huaku Development Co., Ltd......................... 1,583,400 2,897,019 711 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Huang Hsiang Construction Corp..................... 645,735 $ 927,930 # Hung Ching Development & Construction Co., Ltd..... 767,000 495,806 Hung Poo Real Estate Development Corp.............. 1,763,554 1,315,179 # Hung Sheng Construction, Ltd....................... 3,396,900 2,086,702 # Huxen Corp......................................... 239,072 332,706 # Hwa Fong Rubber Co., Ltd........................... 1,790,561 1,206,945 # Hwacom Systems, Inc................................ 221,000 116,514 # I-Chiun Precision Industry Co., Ltd................ 1,142,211 685,770 # I-Sheng Electric Wire & Cable Co., Ltd............. 621,000 849,175 # Ibase Technology, Inc.............................. 513,961 865,467 # Ichia Technologies, Inc............................ 1,950,255 2,061,970 Ideal Bike Corp.................................... 19,553 9,500 # IEI Integration Corp............................... 594,693 933,205 # ILI Technology Corp................................ 384,081 870,775 # Infortrend Technology, Inc......................... 1,469,866 832,280 # Innolux Corp....................................... 49,068,151 23,639,227 #* Inotera Memories, Inc.............................. 8,868,528 12,680,036 # Inpaq Technology Co., Ltd.......................... 217,000 263,266 # Insyde Software Corp............................... 118,000 178,591 # International Games System Co., Ltd................ 50,000 233,505 # Inventec Corp...................................... 11,539,276 8,522,913 ITE Technology, Inc................................ 787,646 933,583 # ITEQ Corp.......................................... 1,410,611 1,163,719 #* J Touch Corp....................................... 841,000 510,758 * Janfusun Fancyworld Corp........................... 1,103,468 168,760 * Jenn Feng New Energy Co., Ltd...................... 79,747 24,125 # Jentech Precision Industrial Co., Ltd.............. 344,156 820,315 # Jess-Link Products Co., Ltd........................ 966,600 1,022,373 Jih Sun Financial Holdings Co., Ltd................ 5,030,772 1,326,002 # Johnson Health Tech Co., Ltd....................... 390,296 979,148 K Laser Technology, Inc............................ 883,459 458,849 Kang Na Hsiung Enterprise Co., Ltd................. 719,150 310,321 * Kao Hsing Chang Iron & Steel....................... 354,250 125,104 # Kaori Heat Treatment Co., Ltd...................... 335,110 635,326 # Kaulin Manufacturing Co., Ltd...................... 834,684 608,857 # KD Holding Corp.................................... 97,000 503,899 KEE TAI Properties Co., Ltd........................ 2,477,101 1,530,952 # Kenda Rubber Industrial Co., Ltd................... 2,454,922 4,967,180 # Kenmec Mechanical Engineering Co., Ltd............. 1,282,000 609,885 Kerry TJ Logistics Co., Ltd........................ 1,286,000 1,623,440 # Kindom Construction Corp........................... 2,708,000 2,407,766 # King Core Electronics, Inc......................... 77,835 56,421 # King Slide Works Co., Ltd.......................... 218,450 3,148,092 King Yuan Electronics Co., Ltd..................... 8,467,032 7,073,398 # King's Town Bank Co., Ltd.......................... 4,454,653 4,701,325 #* King's Town Construction Co., Ltd.................. 972,579 819,651 # Kinik Co........................................... 627,000 1,252,184 # Kinko Optical Co., Ltd............................. 938,772 706,930 #* Kinpo Electronics.................................. 7,985,892 3,731,046 # Kinsus Interconnect Technology Corp................ 1,291,476 4,138,919 # KMC Kuei Meng International, Inc................... 169,000 693,249 # KS Terminals, Inc.................................. 578,290 730,378 # Kung Long Batteries Industrial Co., Ltd............ 321,000 944,448 712 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Kung Sing Engineering Corp......................... 1,961,000 $ 746,006 # Kuo Toong International Co., Ltd................... 857,000 1,363,976 Kuoyang Construction Co., Ltd...................... 2,677,586 1,154,949 # Kwong Fong Industries Corp......................... 1,298,000 736,291 # KYE Systems Corp................................... 1,812,558 680,948 # L&K Engineering Co., Ltd........................... 686,000 533,342 # LAN FA Textile..................................... 1,020,412 313,904 Largan Precision Co., Ltd.......................... 220,234 18,314,119 Laser Tek Taiwan Co., Ltd.......................... 22,144 21,479 # LCY Chemical Corp.................................. 2,738,495 1,435,431 # Leader Electronics, Inc............................ 843,886 312,332 # Leadtrend Technology Corp.......................... 166,926 211,706 * Lealea Enterprise Co., Ltd......................... 4,526,965 1,348,564 # Ledtech Electronics Corp........................... 573,095 290,165 LEE CHI Enterprises Co., Ltd....................... 1,177,000 558,953 # Lelon Electronics Corp............................. 576,900 712,216 #* Leofoo Development Co.............................. 1,510,614 551,397 #* LES Enphants Co., Ltd.............................. 1,010,479 543,584 # Lextar Electronics Corp............................ 2,624,000 2,491,443 #* Li Peng Enterprise Co., Ltd........................ 3,878,677 1,420,712 # Lian HWA Food Corp................................. 438,802 421,479 Lien Hwa Industrial Corp........................... 3,640,809 2,386,372 # Lingsen Precision Industries, Ltd.................. 2,431,490 1,195,368 # Lite-On Semiconductor Corp......................... 1,395,887 990,797 Lite-On Technology Corp............................ 8,301,453 10,231,712 # Long Bon International Co., Ltd.................... 2,248,875 1,652,757 # Long Chen Paper Co., Ltd........................... 3,469,320 1,512,979 # Longwell Co........................................ 860,000 944,729 # Lotes Co., Ltd..................................... 372,920 1,627,875 Lucky Cement Corp.................................. 1,470,000 471,526 # Lumax International Corp., Ltd..................... 515,140 1,050,000 Lung Yen Life Service Corp......................... 440,000 1,175,167 # Macroblock, Inc.................................... 182,000 391,846 #* Macronix International............................. 25,618,994 5,548,687 #* MacroWell OMG Digital Entertainment Co., Ltd....... 130,000 331,557 # Mag Layers Scientific-Technics Co., Ltd............ 298,233 354,982 # Makalot Industrial Co., Ltd........................ 987,149 5,524,233 # Marketech International Corp....................... 770,000 601,712 Masterlink Securities Corp......................... 7,285,232 2,372,698 # Mayer Steel Pipe Corp.............................. 876,905 402,763 # Maywufa Co., Ltd................................... 178,462 83,783 # MediaTek, Inc...................................... 2,003,823 30,468,607 #* Medigen Biotechnology Corp......................... 42,253 216,705 Mega Financial Holding Co., Ltd.................... 29,350,480 22,395,682 # Meiloon Industrial Co.............................. 497,721 213,600 Mercuries & Associates Holding, Ltd................ 2,189,125 1,425,259 #* Mercuries Life Insurance Co., Ltd.................. 1,085,933 592,739 Merida Industry Co., Ltd........................... 778,588 5,378,013 # Merry Electronics Co., Ltd......................... 1,027,594 3,400,451 Micro-Star International Co., Ltd.................. 4,720,465 5,258,471 #* Microbio Co., Ltd.................................. 1,660,358 1,420,366 #* Microelectronics Technology, Inc................... 1,389,448 614,442 # Microlife Corp..................................... 238,100 540,904 713 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # MIN AIK Technology Co., Ltd........................ 624,562 $ 2,917,221 # Mirle Automation Corp.............................. 921,923 839,897 # Mitac Holdings Corp................................ 2,995,568 2,274,563 # Mobiletron Electronics Co., Ltd.................... 326,000 679,277 #* Mosel Vitelic, Inc................................. 2,329,758 519,793 # Motech Industries, Inc............................. 2,377,000 3,180,110 # MPI Corp........................................... 423,000 1,441,749 # Nak Sealing Technologies Corp...................... 318,549 1,001,546 # Namchow Chemical Industrial Co., Ltd............... 912,000 1,656,483 Nan Kang Rubber Tire Co., Ltd...................... 2,462,197 2,582,804 Nan Ren Lake Leisure Amusement Co., Ltd............ 1,148,000 468,066 # Nan Ya Plastics Corp............................... 11,697,584 23,503,212 #* Nan Ya Printed Circuit Board Corp.................. 1,691,211 2,376,176 # Nantex Industry Co., Ltd........................... 1,432,442 743,757 # National Petroleum Co., Ltd........................ 736,000 842,352 # Neo Solar Power Corp............................... 4,863,646 4,189,303 # Netronix, Inc...................................... 523,000 753,977 New Asia Construction & Development Corp........... 873,423 238,002 # New Era Electronics Co., Ltd....................... 430,000 471,724 # Newmax Technology Co., Ltd......................... 575,916 701,584 # Nexcom International Co., Ltd...................... 268,267 450,053 # Nichidenbo Corp.................................... 716,665 578,479 # Nien Hsing Textile Co., Ltd........................ 1,697,093 1,390,746 Nishoku Technology, Inc............................ 121,000 178,183 # Novatek Microelectronics Corp...................... 1,995,000 10,973,516 # Nuvoton Technology Corp............................ 378,000 339,046 #* O-TA Precision Industry Co., Ltd................... 103,000 54,818 #* Ocean Plastics Co., Ltd............................ 1,000,000 1,079,960 # Oneness Biotech Co., Ltd........................... 121,400 205,180 * Optimax Technology Corp............................ 204,366 91,338 OptoTech Corp...................................... 3,442,713 1,449,551 #* Orient Semiconductor Electronics, Ltd.............. 3,083,000 1,350,275 # Oriental Union Chemical Corp....................... 3,437,819 3,134,312 #* P-Two Industries, Inc.............................. 82,000 35,154 # Pacific Construction Co............................ 704,276 290,758 # Pacific Hospital Supply Co., Ltd................... 382,000 828,982 #* Pan Jit International, Inc......................... 2,202,860 984,754 Pan-International Industrial Corp.................. 2,513,854 1,480,451 # Parade Technologies, Ltd........................... 275,805 2,745,444 # Paragon Technologies Co., Ltd...................... 464,626 736,097 # PChome Online, Inc................................. 399,109 4,465,811 # Pegatron Corp...................................... 8,792,293 23,379,408 # Phihong Technology Co., Ltd........................ 1,620,048 888,876 # Phison Electronics Corp............................ 671,000 4,756,801 # Phoenix Tours International, Inc................... 241,000 313,775 #* Phytohealth Corp................................... 154,878 167,976 #* Pihsiang Machinery Manufacturing Co., Ltd.......... 429,000 923,623 # Pixart Imaging, Inc................................ 769,000 2,152,687 * Plotech Co., Ltd................................... 216,000 92,942 # Polytronics Technology Corp........................ 275,408 587,524 # Portwell, Inc...................................... 557,000 1,019,768 # Posiflex Technology, Inc........................... 245,337 1,131,552 Pou Chen Corp...................................... 10,343,005 14,164,720 714 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Power Mate Technology Co., Ltd..................... 118,000 $ 278,204 #* Power Quotient International Co., Ltd.............. 1,078,400 533,835 * Powercom Co., Ltd.................................. 387,080 56,890 #* Powertech Industrial Co., Ltd...................... 410,000 276,686 Powertech Technology, Inc.......................... 4,064,580 6,724,287 Poya International Co., Ltd........................ 294,996 2,466,013 President Chain Store Corp......................... 1,720,728 13,227,740 # President Securities Corp.......................... 4,836,213 2,467,695 # Prime Electronics Satellitics, Inc................. 834,511 361,397 # Prince Housing & Development Corp.................. 6,232,140 2,379,767 #* Princeton Technology Corp.......................... 1,098,000 406,604 * Prodisc Technology, Inc............................ 603,000 -- # Promate Electronic Co., Ltd........................ 873,000 1,002,294 # Promise Technology, Inc............................ 975,538 1,133,461 * Protop Technology Co., Ltd......................... 148,000 -- * Qisda Corp......................................... 11,012,525 4,954,117 # Qualipoly Chemical Corp............................ 429,000 331,989 # Quanta Computer, Inc............................... 6,228,436 15,178,641 # Quanta Storage, Inc................................ 1,294,000 1,452,353 * Quintain Steel Co., Ltd............................ 2,100,059 405,182 # Radiant Opto-Electronics Corp...................... 2,131,692 6,743,622 # Radium Life Tech Co., Ltd.......................... 4,331,570 2,241,422 # Ralec Electronic Corp.............................. 207,914 381,068 # Realtek Semiconductor Corp......................... 2,083,861 6,318,273 # Rechi Precision Co., Ltd........................... 1,615,292 1,618,426 # Rexon Industrial Corp., Ltd........................ 51,559 17,901 # Rich Development Co., Ltd.......................... 4,119,769 1,742,724 # Richtek Technology Corp............................ 813,175 4,121,208 #* Ritek Corp......................................... 18,111,268 2,128,370 # Rotam Global Agrosciences, Ltd..................... 403,217 651,083 # Roundtop Machinery Industries Co., Ltd............. 50,000 37,204 # Ruentex Development Co., Ltd....................... 2,228,889 3,346,095 # Ruentex Engineering & Construction Co.............. 243,000 488,616 # Ruentex Industries, Ltd............................ 2,339,779 5,072,256 # Run Long Construction Co., Ltd..................... 419,000 385,434 # Sampo Corp......................................... 3,502,119 1,414,945 # San Fang Chemical Industry Co., Ltd................ 773,198 827,175 # San Shing Fastech Corp............................. 408,475 979,107 #* Sanyang Motor Co., Ltd............................. 3,578,802 3,123,621 # SCI Pharmtech, Inc................................. 225,312 442,825 # Scientech Corp..................................... 284,000 565,941 # ScinoPharm Taiwan, Ltd............................. 642,470 1,076,907 # SDI Corp........................................... 674,000 878,271 # Sea Sonic Electronics Co., Ltd..................... 189,000 293,883 # Senao International Co., Ltd....................... 458,547 742,801 # Sercomm Corp....................................... 1,260,000 2,685,667 # Sesoda Corp........................................ 840,452 1,036,426 Shan-Loong Transportation Co., Ltd................. 150,247 115,376 Sheng Yu Steel Co., Ltd............................ 699,000 447,502 ShenMao Technology, Inc............................ 523,450 547,456 # Shih Her Technologies, Inc......................... 311,000 566,118 Shih Wei Navigation Co., Ltd....................... 1,299,887 747,454 # Shihlin Electric & Engineering Corp................ 1,533,787 1,928,716 715 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) * Shihlin Paper Corp................................. 456,000 $ 535,900 Shin Hai Gas Corp.................................. 7,658 10,227 # Shin Kong Financial Holding Co., Ltd............... 37,782,716 10,532,661 Shin Shin Natural Gas Co........................... 9,480 9,943 # Shin Zu Shing Co., Ltd............................. 917,245 2,042,996 #* Shining Building Business Co., Ltd................. 2,056,324 1,182,668 Shinkong Insurance Co., Ltd........................ 1,520,784 1,199,189 # Shinkong Synthetic Fibers Corp..................... 9,667,844 3,310,068 # Shinkong Textile Co., Ltd.......................... 867,169 1,092,553 Shiny Chemical Industrial Co., Ltd................. 324,717 453,196 # Shuttle, Inc....................................... 1,887,000 521,740 Sigurd Microelectronics Corp....................... 2,210,877 2,105,083 #* Silicon Integrated Systems Corp.................... 3,257,233 912,905 # Silicon Power Computer & Communications, Inc....... 303,000 299,628 # Siliconware Precision Industries Co., Ltd.......... 8,465,492 14,274,773 # Siliconware Precision Industries Co., Ltd. Sponsored ADR.................................... 456,091 3,904,139 # Silitech Technology Corp........................... 932,117 657,114 # Simplo Technology Co., Ltd......................... 1,338,800 6,569,623 # Sinbon Electronics Co., Ltd........................ 1,229,000 1,746,562 Sincere Navigation Corp............................ 2,090,370 1,712,704 # Singatron Enterprise Co., Ltd...................... 373,000 169,621 Sinkang Industries Co., Ltd........................ 177,866 61,890 # Sinmag Equipment Corp.............................. 229,442 1,309,931 # Sino-American Silicon Products, Inc................ 3,418,000 5,357,674 # Sinon Corp......................................... 2,298,740 1,235,533 SinoPac Financial Holdings Co., Ltd................ 33,680,475 13,706,883 # Sinphar Pharmaceutical Co., Ltd.................... 681,526 881,320 # Sinyi Realty, Inc.................................. 1,382,460 1,532,125 # Sirtec International Co., Ltd...................... 691,000 1,454,352 Sitronix Technology Corp........................... 660,774 2,163,430 Siward Crystal Technology Co., Ltd................. 994,705 704,235 # Soft-World International Corp...................... 580,000 1,837,627 # Solar Applied Materials Technology Co.............. 2,112,084 1,756,317 #* Solartech Energy Corp.............................. 2,196,062 1,308,729 Solomon Technology Corp............................ 238,537 142,743 #* Solytech Enterprise Corp........................... 1,152,676 326,150 Sonix Technology Co., Ltd.......................... 758,000 1,091,909 Southeast Cement Co., Ltd.......................... 1,110,000 578,212 # Spirox Corp........................................ 225,145 138,061 # Sporton International, Inc......................... 359,764 1,887,762 # St Shine Optical Co., Ltd.......................... 282,000 4,434,546 # Standard Chemical & Pharmaceutical Co., Ltd........ 485,040 570,509 # Standard Foods Corp................................ 839,310 1,804,111 # Stark Technology, Inc.............................. 709,400 666,023 # Sunonwealth Electric Machine Industry Co., Ltd..... 797,001 514,159 #* Sunplus Technology Co., Ltd........................ 2,039,153 817,428 # Sunrex Technology Corp............................. 1,398,351 888,440 # Sunspring Metal Corp............................... 676,000 1,292,933 #* Super Dragon Technology Co., Ltd................... 262,330 155,343 # Supreme Electronics Co., Ltd....................... 1,769,502 899,409 # Swancor Ind Co., Ltd............................... 218,061 1,024,605 Sweeten Construction Co., Ltd...................... 834,784 486,351 # Syncmold Enterprise Corp........................... 673,000 1,429,211 716 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ TAIWAN -- (Continued) # Synmosa Biopharma Corp............................. 71,495 $ 90,841 # Synnex Technology International Corp............... 5,661,745 8,138,392 # Sysage Technology Co., Ltd......................... 446,985 502,225 # Systex Corp........................................ 87,293 158,885 # T-Mac Techvest PCB Co., Ltd........................ 568,000 309,498 TA Chen Stainless Pipe............................. 4,309,805 2,870,118 #* Ta Chong Bank, Ltd................................. 12,583,549 4,215,499 # Ta Chong Securities Co., Ltd....................... 1,111,000 412,649 # Ta Ya Electric Wire & Cable........................ 3,031,520 621,379 # Ta Yih Industrial Co., Ltd......................... 87,000 187,074 # TA-I Technology Co., Ltd........................... 1,097,296 604,366 Tah Hsin Industrial Corp........................... 456,300 413,663 TAI Roun Products Co., Ltd......................... 263,000 87,000 # Tai Tung Communication Co., Ltd.................... 341,056 468,713 # Taichung Commercial Bank Co., Ltd.................. 12,989,538 4,286,708 # TaiDoc Technology Corp............................. 208,000 785,985 # Taiflex Scientific Co., Ltd........................ 960,000 1,367,712 # Taimide Tech, Inc.................................. 402,000 568,424 # Tainan Enterprises Co., Ltd........................ 765,289 668,317 # Tainan Spinning Co., Ltd........................... 6,692,061 3,618,785 Taishin Financial Holding Co., Ltd................. 39,195,248 16,070,555 #* Taisun Enterprise Co., Ltd......................... 1,870,578 704,206 #* Taita Chemical Co., Ltd............................ 1,184,609 354,841 # Taiwan Acceptance Corp............................. 680,000 1,622,740 * Taiwan Business Bank............................... 18,514,457 5,374,196 Taiwan Cement Corp................................. 15,119,350 20,412,834 # Taiwan Chinsan Electronic Industrial Co., Ltd...... 447,000 675,912 # Taiwan Cogeneration Corp........................... 2,194,657 1,718,967 Taiwan Cooperative Financial Holding Co., Ltd...... 25,182,250 12,987,576 # Taiwan FamilyMart Co., Ltd......................... 161,000 979,907 # Taiwan Fertilizer Co., Ltd......................... 3,492,000 6,083,896 Taiwan Fire & Marine Insurance Co., Ltd............ 1,002,880 715,649 * Taiwan Flourescent Lamp Co., Ltd................... 119,000 -- Taiwan FU Hsing Industrial Co., Ltd................ 761,000 844,011 # Taiwan Glass Industry Corp......................... 4,131,895 3,002,951 # Taiwan Hon Chuan Enterprise Co., Ltd............... 1,412,359 2,569,445 # Taiwan Hopax Chemicals Manufacturing Co., Ltd...... 1,063,000 679,844 * Taiwan Kolin Co., Ltd.............................. 508,000 -- # Taiwan Land Development Corp....................... 4,917,766 1,781,321 #* Taiwan Life Insurance Co., Ltd..................... 2,330,695 1,593,759 # Taiwan Line Tek Electronic......................... 438,066 334,726 # Taiwan Mask Corp................................... 1,011,050 321,303 Taiwan Mobile Co., Ltd............................. 3,661,900 12,074,752 Taiwan Navigation Co., Ltd......................... 1,094,720 725,599 # Taiwan Paiho, Ltd.................................. 1,606,152 2,715,414 Taiwan PCB Techvest Co., Ltd....................... 1,747,816 2,799,520 #* Taiwan Prosperity Chemical Corp.................... 1,020,000 778,747 #* Taiwan Pulp & Paper Corp........................... 2,228,260 791,846 # Taiwan Sakura Corp................................. 1,395,304 962,190 Taiwan Sanyo Electric Co., Ltd..................... 424,650 407,671 # Taiwan Secom Co., Ltd.............................. 979,405 2,546,192 Taiwan Semiconductor Co., Ltd...................... 1,639,000 1,698,493 Taiwan Semiconductor Manufacturing Co., Ltd........ 40,714,652 179,047,919 717 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR.................................... 3,587,659 $81,475,736 Taiwan Sogo Shin Kong SEC.......................... 1,126,561 1,374,120 # Taiwan Styrene Monomer............................. 3,636,404 1,523,666 # Taiwan Surface Mounting Technology Co., Ltd........ 1,783,928 2,315,810 # Taiwan TEA Corp.................................... 4,490,896 2,510,600 Taiwan Union Technology Corp....................... 1,421,000 1,282,498 # Taiyen Biotech Co., Ltd............................ 1,057,910 824,689 #* Tatung Co., Ltd.................................... 14,255,588 3,984,590 Te Chang Construction Co., Ltd..................... 486,003 422,908 # Teco Electric and Machinery Co., Ltd............... 8,707,000 8,128,088 * Tecom Co., Ltd..................................... 138,000 12,884 #* Tekcore Co., Ltd................................... 359,000 117,026 # Ten Ren Tea Co., Ltd............................... 180,170 266,942 Test Research, Inc................................. 944,370 1,524,661 # Test-Rite International Co., Ltd................... 1,761,166 1,165,941 # Tex-Ray Industrial Co., Ltd........................ 691,000 281,354 # ThaiLin Semiconductor Corp......................... 856,000 678,580 # Thinking Electronic Industrial Co., Ltd............ 471,058 682,795 Thye Ming Industrial Co., Ltd...................... 939,992 1,093,178 # TNC Industrial Corp., Ltd.......................... 71,000 37,142 # Ton Yi Industrial Corp............................. 3,444,300 2,213,923 # Tong Hsing Electronic Industries, Ltd.............. 824,534 2,992,389 # Tong Yang Industry Co., Ltd........................ 2,872,341 3,379,533 # Tong-Tai Machine & Tool Co., Ltd................... 1,382,416 1,398,061 Topco Scientific Co., Ltd.......................... 855,790 1,545,193 # Topco Technologies Corp............................ 196,000 436,249 # Topoint Technology Co., Ltd........................ 914,771 806,983 # Toung Loong Textile Manufacturing.................. 501,000 1,358,663 # TPK Holding Co., Ltd............................... 995,000 6,446,151 # Trade-Van Information Services Co.................. 334,000 290,589 Transasia Airways Corp............................. 998,000 438,022 Transcend Information, Inc......................... 640,870 2,042,131 Tripod Technology Corp............................. 2,237,660 4,844,969 Tsann Kuen Enterprise Co., Ltd..................... 571,441 581,626 # TSC Auto ID Technology Co., Ltd.................... 112,000 917,482 # TSRC Corp.......................................... 2,020,154 2,402,847 # Ttet Union Corp.................................... 221,000 496,708 # TTFB Co., Ltd...................................... 49,000 377,743 # TTY Biopharm Co., Ltd.............................. 691,991 1,417,060 # Tung Ho Steel Enterprise Corp...................... 5,404,645 4,028,199 # Tung Ho Textile Co., Ltd........................... 561,000 144,887 # Tung Thih Electronic Co., Ltd...................... 385,848 1,444,935 # TURVO International Co., Ltd....................... 333,464 990,578 # TXC Corp........................................... 1,580,762 1,910,416 * TYC Brother Industrial Co., Ltd.................... 1,099,333 780,375 #* Tycoons Group Enterprise........................... 2,870,121 543,394 * Tyntek Corp.(6136222).............................. 1,536,953 625,109 * Tyntek Corp.()..................................... 208,461 9,261 TZE Shin International Co., Ltd.................... 138,662 51,706 U-Ming Marine Transport Corp....................... 1,823,200 2,817,492 # Ubright Optronics Corp............................. 237,000 352,170 # Uni-President Enterprises Corp..................... 16,052,052 25,577,727 Unic Technology Corp............................... 245,439 91,822 718 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Unimicron Technology Corp.......................... 8,495,563 $ 5,818,060 * Union Bank Of Taiwan............................... 4,276,983 1,422,271 #* Union Insurance Co., Ltd........................... 564,895 446,749 Unitech Computer Co., Ltd.......................... 734,365 417,539 Unitech Printed Circuit Board Corp................. 3,390,921 1,485,974 # United Integrated Services Co., Ltd................ 1,264,800 1,229,969 # United Microelectronics Corp....................... 54,371,441 26,328,975 # Unity Opto Technology Co., Ltd..................... 1,962,276 1,816,864 Universal Cement Corp.............................. 2,460,048 2,102,084 # Unizyx Holding Corp................................ 2,537,496 1,374,152 # UPC Technology Corp................................ 4,611,471 1,714,723 # Userjoy Technology Co., Ltd........................ 89,000 150,133 # USI Corp........................................... 4,534,557 2,554,578 # Vanguard International Semiconductor Corp.......... 3,954,000 6,697,425 Ve Wong Corp....................................... 692,524 516,698 # Viking Tech Corp................................... 330,464 244,334 # Visual Photonics Epitaxy Co., Ltd.................. 1,220,966 1,237,197 # Vivotek, Inc....................................... 477,856 1,499,101 #* Wafer Works Corp................................... 2,510,372 1,122,679 # Wah Hong Industrial Corp........................... 364,280 395,659 # Wah Lee Industrial Corp............................ 1,067,000 1,818,316 #* Walsin Lihwa Corp.................................. 21,910,307 6,763,075 * Walsin Technology Corp............................. 3,619,551 1,404,497 # Walton Advanced Engineering, Inc................... 1,818,662 800,192 Wan Hai Lines, Ltd................................. 4,495,026 4,767,317 WAN HWA Enterprise Co.............................. 468,734 221,795 # Waterland Financial Holdings Co., Ltd.............. 6,108,940 1,620,738 #* Ways Technical Corp., Ltd.......................... 474,000 441,847 * WEI Chih Steel Industrial Co., Ltd................. 383,000 48,125 # Wei Chuan Foods Corp............................... 2,159,000 1,745,482 #* Wei Mon Industry Co., Ltd.......................... 2,067,674 596,443 # Weikeng Industrial Co., Ltd........................ 1,049,450 780,247 # Well Shin Technology Co., Ltd...................... 471,443 718,809 * Wha Yu Industrial Co., Ltd......................... 59,000 24,196 Win Semiconductors Corp............................ 3,926,000 4,124,155 #* Winbond Electronics Corp........................... 19,099,000 5,988,438 * Wintek Corp........................................ 6,349,135 368,697 # Wisdom Marine Lines Co., Ltd....................... 1,393,415 1,638,254 # Wistron Corp....................................... 12,234,955 11,154,482 # Wistron NeWeb Corp................................. 1,348,859 2,893,595 # WPG Holdings, Ltd.................................. 6,300,041 7,822,059 # WT Microelectronics Co., Ltd.(6290991)............. 2,076,177 3,031,157 * WT Microelectronics Co., Ltd....................... 246,018 64,015 # WUS Printed Circuit Co., Ltd....................... 1,951,000 923,204 # X-Legend Entertainment Co., Ltd.................... 117,375 617,800 # XAC Automation Corp................................ 448,000 807,196 Xxentria Technology Materials Corp................. 552,736 1,574,694 # Yageo Corp......................................... 2,806,270 5,025,829 * Yang Ming Marine Transport Corp.................... 9,510,157 5,121,147 # YC Co., Ltd........................................ 2,523,122 1,265,437 # YC INOX Co., Ltd................................... 2,099,691 1,609,133 # YeaShin International Development Co., Ltd......... 1,157,704 658,690 # Yeong Guan Energy Technology Group Co., Ltd........ 241,313 998,725 719 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- TAIWAN -- (Continued) # YFY, Inc......................................... 8,139,997 $ 3,355,078 # Yi Jinn Industrial Co., Ltd...................... 1,355,440 343,288 # Yieh Phui Enterprise Co., Ltd.................... 6,534,324 1,895,651 # Yonyu Plastics Co., Ltd.......................... 412,050 483,454 #* Young Fast Optoelectronics Co., Ltd.............. 836,137 601,738 Young Optics, Inc................................ 375,214 788,769 # Youngtek Electronics Corp........................ 671,633 1,337,093 Yuanta Financial Holding Co., Ltd................ 37,379,252 17,931,851 Yufo Electronics Co., Ltd........................ 108,000 65,118 # Yulon Motor Co., Ltd............................. 5,105,715 7,456,236 Yung Chi Paint & Varnish Manufacturing Co., Ltd.. 356,350 948,766 # Yungshin Construction & Development Co., Ltd..... 308,000 622,520 YungShin Global Holding Corp..................... 758,000 1,291,794 # Yungtay Engineering Co., Ltd..................... 2,210,000 5,109,142 # Zeng Hsing Industrial Co., Ltd................... 348,974 1,751,133 # Zenitron Corp.................................... 1,164,000 633,565 # Zhen Ding Technology Holding, Ltd................ 1,710,150 4,793,546 Zig Sheng Industrial Co., Ltd.................... 2,833,638 808,873 Zinwell Corp..................................... 1,711,979 1,717,292 # Zippy Technology Corp............................ 565,028 701,088 # ZongTai Real Estate Development Co., Ltd......... 691,276 397,481 -------------- TOTAL TAIWAN......................................... 2,326,423,437 -------------- THAILAND -- (3.1%) AAPICO Hitech PCL................................ 751,080 328,153 Advanced Info Service PCL........................ 2,320,709 17,371,638 Airports of Thailand PCL......................... 1,357,500 13,438,130 * AJ Plast PCL..................................... 1,550,300 431,034 Amarin Printing & Publishing PCL................. 46,970 14,925 Amata Corp. PCL.................................. 3,622,200 1,837,107 Ananda Development PCL........................... 1,475,100 171,261 AP Thailand PCL.................................. 10,299,476 2,013,952 Asia Green Energy PCL............................ 2,550,350 182,335 Asia Plus Group Holdings Securities(B081Z10)..... 1,260,100 169,399 Asia Plus Group Holdings Securities(BVG2PV2)..... 4,269,200 573,922 Asian Insulators PCL............................. 1,710,100 632,209 Bangchak Petroleum PCL (The)..................... 5,913,500 6,188,126 Bangkok Aviation Fuel Services PCL............... 1,233,954 1,206,432 Bangkok Bank PCL(6077019)........................ 1,199,700 7,037,653 Bangkok Bank PCL(6368360)........................ 1,036,800 6,034,537 Bangkok Chain Hospital PCL....................... 6,492,050 1,695,907 Bangkok Dusit Medical Services PCL............... 16,747,000 9,517,085 Bangkok Expressway PCL........................... 2,379,400 2,835,215 Bangkok Insurance PCL............................ 16,040 178,876 Bangkok Land PCL................................. 2,802,700 150,710 Bangkok Life Assurance PCL....................... 2,329,040 3,700,277 * Bangkok Metro PCL................................ 8,752,115 508,067 Bangkokland PCL.................................. 59,874,100 3,219,628 Banpu PCL........................................ 6,025,740 4,473,739 BEC World PCL.................................... 3,301,100 5,194,215 Berli Jucker PCL................................. 2,790,100 3,431,150 Big C Supercenter PCL(6368434)................... 921,300 6,783,786 Big C Supercenter PCL(6763932)................... 304,900 2,245,062 720 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- THAILAND -- (Continued) Bumrungrad Hospital PCL............................ 988,000 $ 4,709,074 Cal-Comp Electronics Thailand PCL.................. 11,187,592 1,264,714 Central Pattana PCL................................ 4,269,700 5,837,735 Central Plaza Hotel PCL............................ 3,221,500 3,346,502 CH Karnchang PCL................................... 3,525,267 3,150,445 Charoen Pokphand Foods PCL......................... 11,374,300 8,774,857 Charoong Thai Wire & Cable PCL..................... 1,034,400 382,409 Christiani & Nielsen Thai.......................... 2,094,400 335,949 * CK Power PCL....................................... 1,107,700 585,494 * Country Group Securities........................... 4,415,811 214,517 CP ALL PCL......................................... 7,114,200 9,020,449 CS Loxinfo PCL..................................... 1,599,300 378,692 Delta Electronics Thailand PCL..................... 2,342,000 5,312,970 Demco PCL.......................................... 1,623,800 754,102 Dhipaya Insurance PCL.............................. 393,200 474,531 Diamond Building Products PCL...................... 3,315,400 552,060 DSG International Thailand PCL..................... 2,609,160 657,671 Dynasty Ceramic PCL................................ 8,860,000 1,610,663 Eastern Water Resources Development and Management PCL.............................................. 3,136,600 1,054,158 Electricity Generating PCL(6304643)................ 583,000 2,903,422 Electricity Generating PCL(6368553)................ 161,000 801,803 Energy Absolute PCL................................ 2,036,600 1,555,606 Erawan Group PCL (The)............................. 6,605,800 984,916 * Esso Thailand PCL.................................. 9,553,600 1,503,240 * G J Steel PCL...................................... 101,507,050 186,081 * G Steel PCL........................................ 22,734,200 90,298 GFPT PCL........................................... 3,497,222 1,677,555 Glow Energy PCL.................................... 2,009,900 5,603,525 * GMM Grammy PCL..................................... 966,200 422,141 * Golden Land Property Development PCL(6368586)...... 816,400 202,042 * Golden Land Property Development PCL(6375296)...... 2,047,700 506,763 Grand Canal Land PCL............................... 4,831,500 493,040 * Grande Asset Hotels & Property PCL................. 10,310,300 674,123 Gunkul Engineering PCL............................. 1,433,900 1,390,966 Hana Microelectronics PCL.......................... 2,224,857 2,736,037 Hemaraj Land and Development PCL(6710046).......... 374,400 50,789 Hemaraj Land and Development PCL(6710165).......... 21,216,200 2,878,091 Home Product Center PCL............................ 15,881,646 3,954,641 ICC International PCL.............................. 51,000 61,549 Indorama Ventures PCL.............................. 9,229,100 6,147,094 Intouch Holdings PCL............................... 1,744,500 4,303,953 IRPC PCL........................................... 46,980,290 4,909,031 * Italian-Thai Development PCL....................... 11,803,719 3,209,688 * ITV PCL............................................ 183,700 -- Jasmine International PCL.......................... 15,442,000 3,915,936 Jay Mart PCL....................................... 1,456,075 582,786 Jubilee Enterprise PCL............................. 89,200 94,024 Kang Yong Electric PCL............................. 2,000 16,193 Kasikornbank PCL(6364766).......................... 2,289,500 15,529,148 Kasikornbank PCL(6888794).......................... 1,478,800 10,120,721 KCE Electronics PCL................................ 1,484,982 2,143,764 KGI Securities Thailand PCL........................ 6,483,500 756,705 Khon Kaen Sugar Industry PCL....................... 4,122,100 1,649,848 721 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- THAILAND -- (Continued) Kiatnakin Bank PCL................................. 2,833,107 $ 3,505,678 Krung Thai Bank PCL................................ 26,476,275 18,362,708 Krungthai Card PCL................................. 115,200 219,102 Laguna Resorts & Hotels PCL........................ 10,800 9,734 Lam Soon Thailand PCL.............................. 354,600 46,153 Land & Houses PCL(6581930)......................... 3,326,700 950,340 Land & Houses PCL(6581941)......................... 14,339,280 4,030,595 Lanna Resources PCL................................ 1,433,750 512,523 LH Financial Group PCL............................. 5,415,623 327,618 Loxley PCL......................................... 6,007,735 789,284 LPN Development PCL(B00PXK5)....................... 301,300 193,318 LPN Development PCL(B00Q643)....................... 3,752,200 2,407,461 Major Cineplex Group PCL........................... 2,515,300 2,074,950 Maybank Kim Eng Securities Thailand PCL............ 244,400 181,452 MBK PCL............................................ 3,601,000 1,617,314 MCOT PCL........................................... 1,553,700 750,029 Mega Lifesciences PCL.............................. 23,800 12,507 Minor International PCL............................ 5,437,561 6,022,352 Modernform Group PCL............................... 333,600 101,925 Muang Thai Insurance PCL........................... 19,800 94,070 Muramoto Electron Thailand PCL..................... 7,400 50,871 Nation Multimedia Group PCL........................ 10,545,600 576,738 * Natural Park PCL................................... 43,907,800 67,076 Nava Nakorn PCL.................................... 405,800 23,557 Noble Development PCL.............................. 56,100 18,511 Padaeng Industry PCL............................... 192,800 105,442 * Polyplex Thailand PCL.............................. 2,265,800 733,806 Precious Shipping PCL.............................. 3,859,800 1,650,999 Premier Marketing PCL.............................. 266,400 78,137 President Bakery PCL............................... 1,800 2,269 * Property Perfect PCL............................... 17,857,300 692,905 Pruksa Real Estate PCL............................. 5,612,600 5,530,289 PTG Energy PCL..................................... 1,500,500 263,608 PTT Exploration & Production PCL................... 5,715,769 19,035,100 PTT Global Chemical PCL............................ 6,983,411 12,055,079 PTT PCL............................................ 3,709,280 39,212,065 Quality Houses PCL................................. 21,293,175 2,550,237 * Raimon Land PCL.................................... 14,104,100 887,701 Ratchaburi Electricity Generating Holding PCL(6294249)..................................... 1,283,900 2,353,620 Ratchaburi Electricity Generating Holding PCL(6362771)..................................... 737,200 1,351,421 * Regional Container Lines PCL....................... 2,241,300 650,545 Robinson Department Store PCL...................... 1,541,700 2,107,885 * Rojana Industrial Park PCL......................... 3,591,000 888,698 RS PCL............................................. 3,776,600 2,307,730 Saha-Union PCL..................................... 630,900 799,950 * Sahaviriya Steel Industries PCL.................... 68,045,680 561,330 Samart Corp. PCL................................... 3,073,200 3,826,242 Samart I-Mobile PCL................................ 13,831,400 1,403,002 Samart Telcoms PCL................................. 1,942,100 1,513,093 Sansiri PCL........................................ 39,254,385 2,170,805 SC Asset Corp PCL.................................. 12,392,237 1,385,750 Siam Cement PCL (The)(6609906)..................... 129,300 1,967,351 Siam Cement PCL (The)(6609928)..................... 626,000 9,486,587 722 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- THAILAND -- (Continued) Siam City Cement PCL(6363194)...................... 19,700 $ 257,611 Siam City Cement PCL(6806387)...................... 324,300 4,240,770 Siam Commercial Bank PCL (The)..................... 3,359,869 18,426,413 Siam Future Development PCL........................ 4,757,088 981,068 Siam Global House PCL.............................. 5,125,905 1,848,019 Siamgas & Petrochemicals PCL....................... 2,441,200 865,198 Sino Thai Engineering & Construction PCL........... 4,567,371 3,663,107 SNC Former PCL..................................... 954,900 443,461 Somboon Advance Technology PCL..................... 2,067,625 1,130,782 SPCG PCL........................................... 2,402,500 2,073,652 Sri Ayudhya Capital PCL............................ 219,100 249,358 Sri Trang Agro-Industry PCL........................ 6,899,800 2,867,011 Sriracha Construction PCL.......................... 1,050,700 1,011,214 Srithai Superware PCL.............................. 7,975,000 657,883 * Stars Microelectronics Thailand PCL................ 663,900 150,103 STP & I PCL........................................ 5,071,912 3,083,747 Supalai PCL........................................ 5,238,300 3,905,118 Susco PCL.......................................... 2,397,300 272,470 SVI PCL............................................ 5,228,828 683,758 Symphony Communication PCL......................... 538,700 245,238 * Tata Steel Thailand PCL............................ 19,123,600 473,270 Thai Agro Energy PCL............................... 279,230 32,760 * Thai Airways International PCL..................... 7,863,337 3,675,804 * Thai Carbon Black PCL.............................. 157,300 127,359 Thai Central Chemical PCL.......................... 233,100 235,023 Thai Metal Trade PCL............................... 396,500 127,200 Thai Oil PCL....................................... 3,835,000 6,005,003 Thai Rayon PCL..................................... 20,400 16,205 * Thai Reinsurance PCL............................... 145,246 14,733 Thai Rung Union Car PCL............................ 526,800 81,281 Thai Stanley Electric PCL(B01GKK6)................. 150,500 942,637 Thai Stanley Electric PCL(B01GKM8)................. 5,600 35,075 Thai Union Frozen Products PCL..................... 8,438,360 5,620,417 Thai Vegetable Oil PCL............................. 2,233,225 1,521,568 Thai-German Ceramic Industry PCL................... 2,362,200 228,065 Thaicom PCL........................................ 2,537,100 3,023,126 Thanachart Capital PCL............................. 4,145,900 4,211,768 Thitikorn PCL...................................... 849,200 285,402 * Thoresen Thai Agencies PCL......................... 3,773,000 1,982,756 Ticon Industrial Connection PCL.................... 3,228,224 1,755,649 Tipco Asphalt PCL.................................. 592,100 1,478,893 * TIPCO Foods PCL.................................... 1,182,000 269,047 Tisco Financial Group PCL(B3KFW10)................. 284,790 404,605 Tisco Financial Group PCL(B3KFW76)................. 2,340,200 3,324,757 TMB Bank PCL....................................... 67,927,113 6,433,671 Total Access Communication PCL(B231MK7)............ 200,000 574,397 Total Access Communication PCL(B1YWK08)............ 2,376,300 6,824,693 Toyo-Thai Corp. PCL(B5ML0B6)....................... 756,468 635,590 Toyo-Thai Corp. PCL(B5ML0D8)....................... 195,104 163,928 TPI Polene PCL..................................... 67,570,610 4,996,055 * True Corp. PCL..................................... 33,249,893 13,816,026 TTW PCL............................................ 8,714,200 3,274,814 Union Mosaic Industry PCL (The).................... 1,020,550 190,203 723 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ THAILAND -- (Continued) Unique Engineering & Construction PCL.............. 4,158,105 $ 2,007,273 Univanich Palm Oil PCL............................. 477,000 155,939 Univentures PCL.................................... 3,618,600 1,044,784 Vanachai Group PCL................................. 2,951,520 734,949 Vibhavadi Medical Center PCL....................... 2,838,480 1,292,189 Vinythai PCL....................................... 2,320,500 723,162 * Workpoint Entertainment PCL........................ 763,000 1,264,673 ------------ TOTAL THAILAND......................................... 517,615,283 ------------ TURKEY -- (2.1%) # Adana Cimento Sanayii TAS Class A.................. 408,542 1,077,539 # Adel Kalemcilik Ticaret ve Sanayi A.S.............. 29,129 811,270 #* Adese Alisveris Merkezleri Ticaret A.S............. 238,992 867,923 * Afyon Cimento Sanayi TAS........................... 18,195 957,256 Akbank TAS......................................... 6,121,964 22,302,640 Akcansa Cimento A.S................................ 316,015 2,228,810 #* Akenerji Elektrik Uretim A.S....................... 2,669,779 1,336,338 # Akfen Holding A.S.................................. 604,903 1,241,861 Aksa Akrilik Kimya Sanayii A.S..................... 818,404 3,172,256 Aksigorta A.S...................................... 858,752 883,147 # Alarko Holding A.S................................. 797,997 1,394,933 # Albaraka Turk Katilim Bankasi A.S.................. 2,289,489 1,613,734 # Alkim Alkali Kimya A.S............................. 99,584 578,304 #* Anadolu Anonim Turk Sigorta Sirketi................ 1,642,312 944,766 # Anadolu Cam Sanayii A.S............................ 952,027 779,768 * Anadolu Efes Biracilik Ve Malt Sanayii A.S......... 689,135 6,046,410 # Anadolu Hayat Emeklilik A.S........................ 338,327 750,433 # Anadolu Isuzu Otomotiv Sanayi Ve Ticaret A.S....... 65,250 605,014 # Arcelik A.S........................................ 1,145,324 7,278,899 # Aselsan Elektronik Sanayi Ve Ticaret A.S........... 378,829 1,837,830 #* Asya Katilim Bankasi A.S........................... 3,714,712 942,997 # Aygaz A.S.......................................... 271,764 1,151,738 #* Bagfas Bandirma Gubre Fabrikalari A.S.............. 164,470 967,957 #* Banvit Bandirma Vitaminli Yem Sanayii ASA.......... 282,813 354,971 Baticim Bati Anadolu Cimento Sanayii A.S........... 195,186 597,506 #* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S.. 550,859 521,714 BIM Birlesik Magazalar A.S......................... 581,298 11,730,692 # Bizim Toptan Satis Magazalari A.S.................. 162,589 1,179,676 #* Bolu Cimento Sanayii A.S........................... 567,516 1,424,966 # Borusan Mannesmann Boru Sanayi ve Ticaret A.S...... 532,667 1,555,054 #* Bosch Fren Sistemleri.............................. 584 38,398 * Boyner Perakende Ve Tekstil Yatirimlari AS......... 81,413 1,581,711 # Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S.... 419,196 1,853,324 Bursa Cimento Fabrikasi A.S........................ 197,428 460,456 #* Celebi Hava Servisi A.S............................ 96,444 1,267,770 Cimsa Cimento Sanayi VE Ticaret A.S................ 461,999 3,256,111 Coca-Cola Icecek A.S............................... 278,766 5,621,003 #* Deva Holding A.S................................... 748,200 764,948 #* Dogan Sirketler Grubu Holding A.S.................. 6,783,369 2,043,626 Dogus Otomotiv Servis ve Ticaret A.S............... 513,379 2,916,449 #* Dyo Boya Fabrikalari Sanayi ve Ticaret A.S......... 1,150,126 1,027,159 # Eczacibasi Yatirim Holding Ortakligi A.S........... 329,650 1,147,761 # EGE Endustri VE Ticaret A.S........................ 18,766 1,561,690 724 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- TURKEY -- (Continued) EGE Seramik Sanayi ve Ticaret A.S.................. 793,865 $ 1,374,284 # EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S................. 1,588,556 2,012,754 # Enka Insaat ve Sanayi A.S.......................... 1,475,595 2,981,149 # Eregli Demir ve Celik Fabrikalari TAS.............. 9,345,749 16,754,434 #* Fenerbahce Futbol A.S.............................. 62,726 876,897 Ford Otomotiv Sanayi A.S........................... 315,001 4,368,638 #* Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S.............................................. 66,447 496,150 Gentas Genel Metal Sanayi ve Ticaret A.S........... 343,127 230,684 * Global Yatirim Holding A.S......................... 1,684,720 1,147,119 * Goldas Kuyumculuk Sanayi Ithalat ve Ihracat A.S.... 61,429 -- # Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.............................................. 87,769 2,719,176 # Goodyear Lastikleri TAS............................ 42,180 1,402,710 #* Gozde Girisim Sermayesi Yatirim Ortakligi A.S...... 1,062,316 1,300,903 #* GSD Holding........................................ 1,999,318 1,237,733 # Gubre Fabrikalari TAS.............................. 1,178,854 2,679,184 * Gunes Sigorta...................................... 118,781 118,479 #* Hurriyet Gazetecilik A.S........................... 1,136,056 383,391 #* Ihlas Holding A.S.................................. 6,914,509 789,311 #* Ihlas Madencilik A.S............................... 201,541 99,093 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S...................................... 88,652 212,021 #* Ipek Dogal Enerji Kaynaklari Ve Uretim A.S......... 753,290 487,615 Is Finansal Kiralama A.S........................... 777,766 326,665 Is Yatirim Menkul Degerler A.S. Class A............ 188,572 96,979 #* Izmir Demir Celik Sanayi A.S....................... 522,928 577,420 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A..................................... 1,142,798 1,107,982 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B..................................... 599,854 676,788 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D..................................... 5,544,743 4,535,900 #* Karsan Otomotiv Sanayii Ve Ticaret A.S............. 1,790,184 1,231,656 # Kartonsan Karton Sanayi ve Ticaret A.S............. 7,431 760,334 # KOC Holding A.S.................................... 2,015,958 10,453,272 # Konya Cimento Sanayii A.S.......................... 11,154 1,465,459 # Koza Altin Isletmeleri A.S......................... 219,173 1,733,485 #* Koza Anadolu Metal Madencilik Isletmeleri A.S...... 1,358,132 940,160 # Mardin Cimento Sanayii ve Ticaret A.S.............. 359,813 741,366 #* Marshall Boya ve Vernik............................ 33,548 629,722 #* Menderes Tekstil Sanayi ve Ticaret A.S............. 591,926 188,036 #* Metro Ticari ve Mali Yatirimlar Holding A.S........ 1,513,273 389,245 #* Migros Ticaret A.S................................. 177,691 1,661,280 #* Mondi Tire Kutsan Kagit Ve Ambalaj Sanayii A.S..... 192,675 93,508 #* NET Holding A.S.................................... 1,038,542 1,664,975 #* Netas Telekomunikasyon A.S......................... 237,451 982,194 Nuh Cimento Sanayi A.S............................. 199,358 878,249 # Otokar Otomotiv Ve Savunma Sanayi A.S.............. 116,991 4,570,684 # Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S.............................................. 438,163 732,322 * Parsan Makina Parcalari............................ 4,772 10,299 # Petkim Petrokimya Holding A.S...................... 4,249,998 6,625,870 Pinar Entegre Et ve Un Sanayi A.S.................. 84,385 333,407 Pinar SUT Mamulleri Sanayii A.S.................... 107,752 968,402 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.............................................. 202,914 256,736 * Sasa Polyester Sanayi A.S.......................... 1,412,522 1,203,579 #* Sekerbank TAS...................................... 3,148,869 2,423,757 Selcuk Ecza Deposu Ticaret ve Sanayi A.S........... 1,150,151 1,049,845 # Soda Sanayii A.S................................... 1,107,323 2,360,237 725 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- --------------- TURKEY -- (Continued) #* Tat Gida Sanayi A.S.............................. 761,950 $ 1,254,535 TAV Havalimanlari Holding A.S.................... 627,179 4,678,260 #* Tekfen Holding A.S............................... 1,337,463 3,132,157 # Teknosa Ic Ve Dis Ticaret A.S.................... 139,705 513,774 #* Tekstil Bankasi A.S.............................. 1,044,262 796,909 Tofas Turk Otomobil Fabrikasi A.S................ 603,827 4,019,583 Trakya Cam Sanayii A.S........................... 3,249,348 4,766,963 Tupras Turkiye Petrol Rafinerileri A.S........... 302,911 6,565,221 # Turcas Petrol A.S................................ 565,989 545,963 * Turk Hava Yollari................................ 4,038,917 15,414,162 Turk Telekomunikasyon A.S........................ 1,124,605 3,364,639 # Turk Traktor ve Ziraat Makineleri A.S............ 110,580 3,652,660 #* Turkcell Iletisim Hizmetleri A.S................. 1,307,499 7,527,072 * Turkcell Iletisim Hizmetleri A.S. ADR............ 293,927 4,244,306 Turkiye Garanti Bankasi A.S...................... 6,772,059 28,475,065 Turkiye Halk Bankasi A.S......................... 2,445,699 15,704,106 Turkiye Is Bankasi............................... 5,365,823 15,554,288 Turkiye Sinai Kalkinma Bankasi A.S............... 6,449,040 5,357,749 Turkiye Sise ve Cam Fabrikalari A.S.............. 4,075,461 6,361,724 Turkiye Vakiflar Bankasi Tao..................... 4,199,622 9,756,462 # Ulker Biskuvi Sanayi A.S......................... 626,894 4,959,246 Vestel Beyaz Esya Sanayi ve Ticaret A.S.......... 349,060 1,431,496 #* Vestel Elektronik Sanayi ve Ticaret A.S.......... 1,147,392 2,807,846 # Yapi ve Kredi Bankasi A.S........................ 2,684,967 5,550,542 #* Zorlu Enerji Elektrik Uretim A.S................. 1,723,229 1,571,664 --------------- TOTAL TURKEY......................................... 352,024,738 --------------- UNITED KINGDOM -- (0.0%) * Daesung Industrial Co., Ltd. Rights 05/15/15..... 1,710 5,065 --------------- TOTAL COMMON STOCKS.................................. 14,912,795,723 --------------- PREFERRED STOCKS -- (2.7%) BRAZIL -- (2.6%) AES Tiete SA..................................... 636,506 3,931,820 Alpargatas SA.................................... 629,460 1,997,233 Banco ABC Brasil SA.............................. 772,291 3,261,159 Banco Bradesco SA................................ 3,660,101 46,136,659 # Banco Bradesco SA ADR............................ 5,097,969 63,622,649 Banco Daycoval SA................................ 181,994 568,421 Banco do Estado do Rio Grande do Sul SA Class B.. 1,404,714 6,413,283 * Banco Industrial e Comercial SA.................. 306,755 623,056 * Banco Pan SA..................................... 1,370,328 879,502 Banco Pine SA.................................... 192,365 263,106 Banco Sofisa SA.................................. 68,200 61,450 Braskem SA Class A............................... 185,000 858,679 Centrais Eletricas Brasileiras SA Class B........ 918,000 2,106,394 Centrais Eletricas Santa Catarina................ 64,363 327,775 Cia Brasileira de Distribuicao................... 386,715 12,895,936 Cia de Gas de Sao Paulo COMGAS Class A........... 120,295 2,008,309 Cia de Saneamento do Parana...................... 101,300 188,764 Cia de Transmissao de Energia Eletrica Paulista.. 281,493 4,112,817 Cia Energetica de Minas Gerais................... 2,512,758 11,156,959 726 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ BRAZIL -- (Continued) Cia Energetica de Sao Paulo Class B................ 915,314 $ 8,014,550 Cia Energetica do Ceara Class A.................... 66,730 890,534 Cia Ferro Ligas da Bahia - Ferbasa................. 204,782 554,837 Cia Paranaense de Energia.......................... 307,260 3,560,162 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA......................................... 788,586 1,979,951 Empresa Metropolitana de Aguas e Energia SA........ 6,100 7,570 * Eucatex SA Industria e Comercio.................... 87,459 100,967 * Forjas Taurus SA................................... 10,484 13,549 Gerdau SA.......................................... 706,915 2,405,235 * Gol Linhas Aereas Inteligentes SA.................. 545,766 2,469,039 Itau Unibanco Holding SA........................... 4,871,646 59,785,214 Itau Unibanco Holding SA ADR....................... 6,662,039 80,743,913 Lojas Americanas SA................................ 2,483,513 14,389,934 Marcopolo SA....................................... 2,812,418 2,815,424 * Oi SA.............................................. 582,173 1,073,736 Parana Banco SA.................................... 45,100 161,357 Petroleo Brasileiro SA............................. 2,137,472 6,505,942 Petroleo Brasileiro SA Sponsored ADR............... 5,128,535 31,540,490 Randon Participacoes SA............................ 1,483,595 2,212,420 Saraiva SA Livreiros Editores...................... 167,864 286,333 Suzano Papel e Celulose SA Class A................. 1,931,399 7,856,357 Telefonica Brasil SA............................... 442,486 8,180,253 Unipar Carbocloro SA Class B....................... 153,900 254,828 * Usinas Siderurgicas de Minas Gerais SA Class A..... 2,502,158 3,123,909 Vale SA............................................ 2,210,768 13,705,528 # Vale SA Sponsored ADR.............................. 4,036,193 25,266,568 ------------ TOTAL BRAZIL........................................... 439,312,571 ------------ CHILE -- (0.0%) Coca-Cola Embonor SA Class B....................... 676 900 Embotelladora Andina SA............................ 139,928 331,343 Embotelladora Andina SA Class B.................... 212,801 599,019 Sociedad Quimica y Minera de Chile SA Class B...... 11,313 270,646 ------------ TOTAL CHILE............................................ 1,201,908 ------------ COLOMBIA -- (0.1%) Avianca Holdings SA................................ 709,509 1,074,441 Banco Davivienda SA................................ 460,847 4,838,893 Bancolombia SA..................................... 220,497 2,609,817 Grupo Aval Acciones y Valores...................... 5,127,691 2,700,444 Grupo de Inversiones Suramericana SA............... 147,239 2,099,966 ------------ TOTAL COLOMBIA......................................... 13,323,561 ------------ TOTAL PREFERRED STOCKS................................. 453,838,040 ------------ RIGHTS/WARRANTS -- (0.0%) INDONESIA -- (0.0%) * Pabrik Kertas Tjiwi Kimia Tbk PT Warrants 07/11/17................................ 250,733 3,088 ------------ MALAYSIA -- (0.0%) * CB Industrial Product Holdings Bhd Warrants 12/31/15......................................... 226,787 31,880 #* Eastern & Oriental Bhd............................. 1,467,536 -- 727 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- --------------- MALAYSIA -- (Continued) * Goldis Bhd 02/06/15.......................... 358,779 $ 494 * Inari Amertron Rights 05/15/15............... 171,975 106,181 * Insas Bhd.................................... 895,420 51,830 * Mah Sing Group Bhd........................... 1,837,454 227,909 --------------- TOTAL MALAYSIA..................................... 418,294 --------------- POLAND -- (0.0%) * PZ Cormay SA Rights.......................... 66,507 120 --------------- SOUTH AFRICA -- (0.0%) * Invicta Holdings, Ltd........................ 19,267 12,409 --------------- SOUTH KOREA -- (0.0%) * Hyundai Merchant Marine Co., Ltd............. 13,388 36,482 --------------- THAILAND -- (0.0%) * Loxley PCL Warrants 09/30/17................. 45,433 2,651 * Minor International PCL Warrants 12/31/15.... -- -- * Sansiri PCL Warrants 11/24/17................ 2,759,519 27,823 --------------- TOTAL THAILAND..................................... 30,474 --------------- TOTAL RIGHTS/WARRANTS.............................. 500,867 --------------- SECURITIES LENDING COLLATERAL -- (8.0%) (S)@ DFA Short Term Investment Fund............... 114,924,529 1,329,676,800 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $16,039,289,798)^^......................... $16,696,811,430 =============== 728 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Brazil............... $ 257,047,306 $ 642,812,837 -- $ 899,860,143 Chile................ 59,435,947 147,817,910 -- 207,253,857 China................ 255,814,647 2,203,493,371 -- 2,459,308,018 Colombia............. 64,207,248 39,322 -- 64,246,570 Czech Republic....... -- 34,611,436 -- 34,611,436 Egypt................ -- 12,791,342 -- 12,791,342 Greece............... 877,741 58,127,157 -- 59,004,898 Hungary.............. 234,977 27,343,494 -- 27,578,471 India................ 132,574,275 1,534,384,949 -- 1,666,959,224 Indonesia............ 17,813,891 471,059,009 -- 488,872,900 Malaysia............. -- 642,856,066 -- 642,856,066 Mexico............... 734,413,194 1,237,118 -- 735,650,312 Peru................. 22,955,652 -- -- 22,955,652 Philippines.......... 7,050,857 256,505,714 -- 263,556,571 Poland............... 60,994 282,417,117 -- 282,478,111 Russia............... 16,771,091 171,353,431 -- 188,124,522 South Africa......... 106,353,540 1,202,104,163 -- 1,308,457,703 South Korea.......... 106,095,961 2,230,617,852 -- 2,336,713,813 Spain................ 15,447,591 -- -- 15,447,591 Taiwan............... 111,965,177 2,214,458,260 -- 2,326,423,437 Thailand............. 517,615,283 -- -- 517,615,283 Turkey............... 4,244,306 347,780,432 -- 352,024,738 United Kingdom....... -- 5,065 -- 5,065 Preferred Stocks Brazil............... 206,096,219 233,216,352 -- 439,312,571 Chile................ -- 1,201,908 -- 1,201,908 Colombia............. 13,323,561 -- -- 13,323,561 Rights/Warrants Indonesia............ -- 3,088 -- 3,088 Malaysia............. -- 418,294 -- 418,294 Poland............... -- 120 -- 120 South Africa......... -- 12,409 -- 12,409 South Korea.......... -- 36,482 -- 36,482 Thailand............. -- 30,474 -- 30,474 Securities Lending Collateral............ -- 1,329,676,800 -- 1,329,676,800 -------------- --------------- -- --------------- TOTAL................... $2,650,399,458 $14,046,411,972 -- $16,696,811,430 ============== =============== == =============== 729 U.S. LARGE CAP EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ---------- COMMON STOCKS -- (94.7%) Consumer Discretionary -- (13.6%) # Abercrombie & Fitch Co. Class A.................... 1,639 $ 41,827 Advance Auto Parts, Inc............................ 2,229 354,411 * Amazon.com, Inc.................................... 7,967 2,824,541 #* AMC Networks, Inc. Class A......................... 2,456 163,815 * Apollo Education Group, Inc. Class A............... 1,705 43,068 * Ascena Retail Group, Inc........................... 3,200 36,992 # Autoliv, Inc....................................... 4,183 443,649 * AutoNation, Inc.................................... 4,400 262,328 * AutoZone, Inc...................................... 700 417,872 #* Bed Bath & Beyond, Inc............................. 5,584 417,516 Best Buy Co., Inc.................................. 22,094 777,709 BorgWarner, Inc.................................... 5,759 311,044 Brinker International, Inc......................... 2,927 171,025 Brunswick Corp..................................... 5,150 279,542 #* Cabela's, Inc...................................... 1,921 105,559 # Cablevision Systems Corp. Class A.................. 7,651 144,757 #* CarMax, Inc........................................ 5,503 341,736 Carnival Corp...................................... 7,273 319,721 Carter's, Inc...................................... 2,604 212,200 CBS Corp. Class B.................................. 13,170 721,848 * Charter Communications, Inc. Class A............... 2,785 420,855 * Chipotle Mexican Grill, Inc........................ 720 511,085 Cinemark Holdings, Inc............................. 5,773 214,582 Coach, Inc......................................... 7,873 292,797 Comcast Corp. Class A.............................. 66,004 3,507,783 # Comcast Corp. Special Class A...................... 14,202 751,286 # Dana Holding Corp.................................. 3,382 70,582 # Darden Restaurants, Inc............................ 4,103 251,842 Delphi Automotive P.L.C............................ 7,020 482,485 Dick's Sporting Goods, Inc......................... 4,380 226,227 Dillard's, Inc. Class A............................ 3,088 350,797 * DIRECTV............................................ 3,398 289,781 * Discovery Communications, Inc...................... 5,946 165,774 * Discovery Communications, Inc. Class A............. 3,798 110,085 * DISH Network Corp. Class A......................... 5,423 381,508 * Dollar General Corp................................ 8,066 540,906 * Dollar Tree, Inc................................... 4,594 326,633 # Domino's Pizza, Inc................................ 1,897 187,898 DR Horton, Inc..................................... 13,298 326,067 DSW, Inc. Class A.................................. 1,114 39,614 Dunkin' Brands Group, Inc.......................... 6,237 295,072 Expedia, Inc....................................... 2,712 233,042 Family Dollar Stores, Inc.......................... 1,227 93,375 # Foot Locker, Inc................................... 4,714 250,879 Ford Motor Co...................................... 102,073 1,501,494 * Fossil Group, Inc.................................. 3,140 307,092 # GameStop Corp. Class A............................. 5,745 202,511 Gannett Co., Inc................................... 9,876 306,255 Gap, Inc. (The).................................... 10,332 425,575 # Garmin, Ltd........................................ 5,392 282,325 General Motors Co.................................. 24,430 796,907 730 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Gentex Corp........................................ 15,417 $ 257,310 Genuine Parts Co................................... 3,169 294,527 GNC Holdings, Inc. Class A......................... 6,322 280,317 Goodyear Tire & Rubber Co. (The)................... 12,046 291,995 Graham Holdings Co. Class B........................ 283 264,696 #* Groupon, Inc....................................... 15,289 109,469 H&R Block, Inc..................................... 6,344 217,472 Hanesbrands, Inc................................... 1,998 222,537 Harley-Davidson, Inc............................... 5,420 334,414 Harman International Industries, Inc............... 2,191 284,019 # Hasbro, Inc........................................ 3,080 169,154 Home Depot, Inc. (The)............................. 31,521 3,291,423 HSN, Inc........................................... 2,427 187,947 * Hyatt Hotels Corp. Class A......................... 1,418 79,777 International Game Technology...................... 5,685 96,190 Interpublic Group of Cos., Inc. (The).............. 15,960 318,242 Johnson Controls, Inc.............................. 15,350 713,314 * Kate Spade & Co.................................... 1,751 55,209 # Kohl's Corp........................................ 12,475 745,007 L Brands, Inc...................................... 4,761 402,923 #* Lands' End, Inc.................................... 436 15,125 Las Vegas Sands Corp............................... 4,376 237,923 Lear Corp.......................................... 4,254 426,889 # Leggett & Platt, Inc............................... 4,737 201,938 # Lennar Corp. Class A............................... 6,184 277,723 * Liberty Broadband Corp............................. 1,224 54,346 * Liberty Broadband Corp. Class A.................... 493 21,924 * Liberty Global P.L.C. Class A...................... 4,183 195,430 * Liberty Global P.L.C. Series C..................... 9,679 441,266 * Liberty Interactive Corp. Class A.................. 23,504 643,069 * Liberty Media Corp................................. 8,128 277,327 * Liberty Media Corp. Class A........................ 3,474 118,290 * Liberty TripAdvisor Holdings, Inc. Class A......... 1,306 31,266 * Liberty Ventures Series A.......................... 3,302 123,330 # Lions Gate Entertainment Corp...................... 6,291 180,740 * Live Nation Entertainment, Inc..................... 10,390 246,970 * LKQ Corp........................................... 16,301 420,729 Lowe's Cos., Inc................................... 23,776 1,611,062 #* Lululemon Athletica, Inc........................... 2,670 176,861 Macy's, Inc........................................ 10,628 678,917 * Madison Square Garden Co. (The) Class A............ 3,875 293,531 Marriott International, Inc. Class A............... 4,072 303,364 # Mattel, Inc........................................ 6,275 168,797 McDonald's Corp.................................... 23,868 2,206,358 * MGM Resorts International.......................... 16,350 318,498 * Michael Kors Holdings, Ltd......................... 2,261 160,056 * Mohawk Industries, Inc............................. 3,241 534,895 Morningstar, Inc................................... 688 45,814 * Murphy USA, Inc.................................... 641 44,748 * Netflix, Inc....................................... 479 211,622 # Newell Rubbermaid, Inc............................. 6,513 240,134 * News Corp. Class A................................. 11,771 175,270 #* News Corp. Class B................................. 4,978 71,882 731 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) NIKE, Inc. Class B................................. 14,517 $1,339,193 Nordstrom, Inc..................................... 4,221 321,640 * Norwegian Cruise Line Holdings, Ltd................ 6,894 301,681 * NVR, Inc........................................... 85 106,610 * O'Reilly Automotive, Inc........................... 2,449 458,845 * Office Depot, Inc.................................. 25,800 196,080 # Omnicom Group, Inc................................. 7,063 514,186 #* Panera Bread Co. Class A........................... 1,108 190,421 #* Penn National Gaming, Inc.......................... 1,617 24,206 Penske Automotive Group, Inc....................... 6,358 307,409 PetSmart, Inc...................................... 1,489 121,659 # Polaris Industries, Inc............................ 1,575 227,729 * Priceline Group, Inc. (The)........................ 846 854,020 PulteGroup, Inc.................................... 12,549 258,384 PVH Corp........................................... 2,895 319,203 Ralph Lauren Corp.................................. 2,010 335,449 Remy International, Inc............................ 280 5,956 Ross Stores, Inc................................... 4,996 458,183 Royal Caribbean Cruises, Ltd....................... 8,076 610,142 * Sally Beauty Holdings, Inc......................... 6,018 187,039 # Scripps Networks Interactive, Inc. Class A......... 3,515 249,881 #* Sears Holdings Corp................................ 1,850 58,904 Service Corp. International........................ 16,312 369,141 Signet Jewelers, Ltd............................... 2,255 273,103 # Sinclair Broadcast Group, Inc. Class A............. 1,610 39,831 * Sirius XM Holdings, Inc............................ 89,947 319,312 Six Flags Entertainment Corp....................... 1,474 63,323 # Sotheby's.......................................... 898 38,210 Staples, Inc....................................... 28,475 485,499 Starbucks Corp..................................... 17,883 1,565,299 Starwood Hotels & Resorts Worldwide, Inc........... 4,646 334,373 #* Starz.............................................. 1,278 37,727 Target Corp........................................ 17,175 1,264,252 * Tenneco, Inc....................................... 1,040 53,477 #* Tesla Motors, Inc.................................. 1,102 224,367 Tiffany & Co....................................... 2,360 204,470 Time Warner Cable, Inc............................. 3,035 413,155 Time Warner, Inc................................... 30,437 2,371,955 Time, Inc.......................................... 1,024 25,641 TJX Cos., Inc. (The)............................... 16,571 1,092,692 * Toll Brothers, Inc................................. 8,436 292,054 Tractor Supply Co.................................. 2,980 241,887 * TripAdvisor, Inc................................... 1,219 81,685 * TRW Automotive Holdings Corp....................... 2,980 307,447 Tupperware Brands Corp............................. 916 61,931 Twenty-First Century Fox, Inc. Class A............. 28,826 955,870 Twenty-First Century Fox, Inc. Class B............. 9,360 298,116 * Ulta Salon Cosmetics & Fragrance, Inc.............. 1,224 161,495 * Under Armour, Inc. Class A......................... 2,964 213,645 #* Urban Outfitters, Inc.............................. 8,057 280,867 VF Corp............................................ 6,417 445,147 Viacom, Inc. Class A............................... 134 8,689 Viacom, Inc. Class B............................... 7,026 452,615 732 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) * Visteon Corp....................................... 3,208 $ 311,016 Walt Disney Co. (The).............................. 37,413 3,403,086 # Wendy's Co. (The).................................. 5,283 55,683 Whirlpool Corp..................................... 3,838 764,069 Williams-Sonoma, Inc............................... 1,995 156,109 Wyndham Worldwide Corp............................. 3,667 307,258 Wynn Resorts, Ltd.................................. 1,086 160,674 Yum! Brands, Inc................................... 10,472 756,916 ----------- Total Consumer Discretionary........................... 68,645,216 ----------- Consumer Staples -- (8.5%) Altria Group, Inc.................................. 47,132 2,502,709 Archer-Daniels-Midland Co.......................... 12,258 571,591 Avon Products, Inc................................. 6,093 47,160 #* Boston Beer Co., Inc. (The) Class A................ 300 94,356 Brown-Forman Corp. Class A......................... 358 31,762 Brown-Forman Corp. Class B......................... 2,681 238,260 Bunge, Ltd......................................... 5,074 454,275 # Campbell Soup Co................................... 7,320 334,817 Church & Dwight Co., Inc........................... 2,805 226,981 Clorox Co. (The)................................... 2,859 305,084 Coca-Cola Co. (The)................................ 81,062 3,337,323 Coca-Cola Enterprises, Inc......................... 11,239 473,162 Colgate-Palmolive Co............................... 21,709 1,465,792 ConAgra Foods, Inc................................. 14,954 529,820 * Constellation Brands, Inc. Class A................. 4,128 455,938 Costco Wholesale Corp.............................. 8,075 1,154,644 # Coty, Inc. Class A................................. 979 18,621 CVS Health Corp.................................... 26,870 2,637,559 Dr Pepper Snapple Group, Inc....................... 4,550 351,578 Energizer Holdings, Inc............................ 2,750 352,027 Estee Lauder Cos., Inc. (The) Class A.............. 5,786 408,434 # Flowers Foods, Inc................................. 11,781 230,436 General Mills, Inc................................. 13,013 682,922 #* Hain Celestial Group, Inc. (The)................... 3,495 184,431 # Herbalife, Ltd..................................... 1,227 37,399 Hershey Co. (The).................................. 3,673 375,417 Hormel Foods Corp.................................. 7,935 406,431 Ingredion, Inc..................................... 5,237 422,312 JM Smucker Co. (The)............................... 4,610 475,521 Kellogg Co......................................... 6,477 424,762 Keurig Green Mountain, Inc......................... 2,279 279,314 Kimberly-Clark Corp................................ 9,059 978,010 Kraft Foods Group, Inc............................. 11,452 748,274 Kroger Co. (The)................................... 11,435 789,587 Lorillard, Inc..................................... 2,666 174,916 # McCormick & Co., Inc............................... 2,533 180,831 Mead Johnson Nutrition Co.......................... 4,889 481,518 Molson Coors Brewing Co. Class B................... 5,755 436,977 Mondelez International, Inc. Class A............... 32,062 1,129,865 * Monster Beverage Corp.............................. 3,886 454,468 # Nu Skin Enterprises, Inc. Class A.................. 695 28,481 PepsiCo, Inc....................................... 36,637 3,435,818 733 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Philip Morris International, Inc................... 29,346 $ 2,354,723 # Pilgrim's Pride Corp............................... 4,150 112,672 Pinnacle Foods, Inc................................ 8,171 293,911 # Pricesmart, Inc.................................... 408 33,366 Procter & Gamble Co. (The)......................... 51,403 4,332,759 Reynolds American, Inc............................. 7,886 535,854 * Rite Aid Corp...................................... 10,428 72,787 * Seaboard Corp...................................... 4 15,300 Spectrum Brands Holdings, Inc...................... 2,944 264,018 #* Sprouts Farmers Market, Inc........................ 3,874 141,052 Sysco Corp......................................... 12,691 497,106 Tyson Foods, Inc. Class A.......................... 14,088 549,995 * United Natural Foods, Inc.......................... 1,743 134,699 Wal-Mart Stores, Inc............................... 43,857 3,726,968 Walgreens Boots Alliance, Inc...................... 12,263 904,396 * WhiteWave Foods Co. (The) Class A.................. 7,279 239,989 Whole Foods Market, Inc............................ 7,502 390,817 ----------- Total Consumer Staples................................. 42,949,995 ----------- Energy -- (6.9%) Anadarko Petroleum Corp............................ 9,392 767,796 Apache Corp........................................ 5,166 323,237 # Atwood Oceanics, Inc............................... 1,717 49,072 Baker Hughes, Inc.................................. 4,610 267,334 Cabot Oil & Gas Corp............................... 20,041 531,086 #* California Resources Corp.......................... 4,959 25,390 * Cameron International Corp......................... 5,727 256,455 * Cheniere Energy, Inc............................... 4,545 324,422 # Chesapeake Energy Corp............................. 20,207 387,570 Chevron Corp....................................... 41,400 4,244,742 Cimarex Energy Co.................................. 3,050 314,760 * Cobalt International Energy, Inc................... 3,812 34,765 * Concho Resources, Inc.............................. 2,963 328,449 ConocoPhillips..................................... 21,844 1,375,735 CONSOL Energy, Inc................................. 3,517 101,817 #* Continental Resources, Inc......................... 1,077 48,896 # Core Laboratories NV............................... 696 64,554 # CVR Energy, Inc.................................... 2,172 83,231 # Denbury Resources, Inc............................. 9,354 64,543 Devon Energy Corp.................................. 4,993 300,928 # Diamond Offshore Drilling, Inc..................... 3,393 106,981 * Diamondback Energy, Inc............................ 1,132 78,097 * Dresser-Rand Group, Inc............................ 1,357 108,669 * Dril-Quip, Inc..................................... 845 62,724 Energen Corp....................................... 1,250 79,275 EnLink Midstream LLC............................... 2,116 66,950 EOG Resources, Inc................................. 12,865 1,145,371 EQT Corp........................................... 1,198 89,179 Exxon Mobil Corp................................... 114,585 10,017,021 * FMC Technologies, Inc.............................. 4,149 155,505 * Gulfport Energy Corp............................... 1,772 68,204 Halliburton Co..................................... 11,432 457,166 # Helmerich & Payne, Inc............................. 2,807 167,185 734 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Energy -- (Continued) Hess Corp.......................................... 3,251 $ 219,410 HollyFrontier Corp................................. 7,981 286,678 # Kinder Morgan, Inc................................. 49,305 2,023,970 * Kosmos Energy, Ltd................................. 9,112 79,912 #* Laredo Petroleum Holdings, Inc..................... 2,647 25,967 # LinnCo LLC......................................... 2,321 23,976 Marathon Oil Corp.................................. 10,590 281,694 Marathon Petroleum Corp............................ 9,696 897,753 # Murphy Oil Corp.................................... 4,327 194,326 Nabors Industries, Ltd............................. 6,763 77,842 National Oilwell Varco, Inc........................ 5,107 277,974 * Newfield Exploration Co............................ 5,574 165,994 # Noble Corp. P.L.C.................................. 4,704 76,299 Noble Energy, Inc.................................. 4,677 223,280 #* Oasis Petroleum, Inc............................... 4,231 56,865 Occidental Petroleum Corp.......................... 12,398 991,840 Oceaneering International, Inc..................... 2,631 137,759 * Oil States International, Inc...................... 1,445 59,346 ONEOK, Inc......................................... 3,498 154,017 # Paragon Offshore P.L.C............................. 1,568 3,277 Patterson-UTI Energy, Inc.......................... 4,601 78,953 # Peabody Energy Corp................................ 4,708 29,331 Phillips 66........................................ 8,085 568,537 Pioneer Natural Resources Co....................... 1,536 231,214 QEP Resources, Inc................................. 7,044 142,430 Range Resources Corp............................... 2,549 117,942 Rowan Cos. P.L.C. Class A.......................... 2,040 43,085 RPC, Inc........................................... 3,262 40,677 Schlumberger, Ltd.................................. 18,630 1,534,926 #* Seventy Seven Energy, Inc.......................... 925 3,654 SM Energy Co....................................... 3,000 113,460 #* Southwestern Energy Co............................. 11,784 292,125 Spectra Energy Corp................................ 10,809 361,453 Superior Energy Services, Inc...................... 3,836 76,720 Targa Resources Corp............................... 1,089 94,558 Teekay Corp........................................ 2,475 104,767 Tesoro Corp........................................ 7,960 650,571 # Transocean, Ltd.................................... 5,658 92,225 #* Ultra Petroleum Corp............................... 2,722 34,705 Valero Energy Corp................................. 15,379 813,241 * Weatherford International P.L.C.................... 17,414 179,887 Western Refining, Inc.............................. 5,857 217,470 * Whiting Petroleum Corp............................. 3,570 107,171 Williams Cos., Inc. (The).......................... 9,547 418,731 * WPX Energy, Inc.................................... 4,350 46,371 ----------- Total Energy........................................... 35,149,492 ----------- Financials -- (13.1%) ACE, Ltd........................................... 6,191 668,380 * Affiliated Managers Group, Inc..................... 2,236 459,543 Aflac, Inc......................................... 11,033 629,764 * Alleghany Corp..................................... 564 249,339 Allied World Assurance Co. Holdings AG............. 2,182 84,378 735 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Allstate Corp. (The)............................... 10,353 $ 722,536 #* Altisource Portfolio Solutions SA.................. 400 8,112 American Express Co................................ 22,217 1,792,690 American Financial Group, Inc...................... 4,200 243,768 American International Group, Inc.................. 26,762 1,307,859 Ameriprise Financial, Inc.......................... 5,139 642,067 # Amtrust Financial Services, Inc.................... 5,321 269,349 Aon P.L.C.......................................... 6,112 550,386 * Arch Capital Group, Ltd............................ 4,385 254,198 Arthur J Gallagher & Co............................ 5,466 242,854 Artisan Partners Asset Management, Inc. Class A.... 408 19,694 Assurant, Inc...................................... 3,482 221,142 Assured Guaranty, Ltd.............................. 9,770 238,583 Axis Capital Holdings, Ltd......................... 4,612 234,751 Bank of America Corp............................... 194,303 2,943,690 Bank of New York Mellon Corp. (The)................ 21,836 786,096 BB&T Corp.......................................... 13,243 467,345 * Berkshire Hathaway, Inc. Class B................... 33,801 4,864,302 BlackRock, Inc..................................... 2,455 835,952 # BOK Financial Corp................................. 2,452 132,678 Brown & Brown, Inc................................. 7,689 237,206 Capital One Financial Corp......................... 13,174 964,469 CBOE Holdings, Inc................................. 4,010 258,525 * CBRE Group, Inc. Class A........................... 8,620 278,771 Charles Schwab Corp. (The)......................... 22,761 591,331 Chubb Corp. (The).................................. 4,403 431,054 Cincinnati Financial Corp.......................... 5,976 301,848 CIT Group, Inc..................................... 6,426 281,587 Citigroup, Inc..................................... 56,400 2,647,980 City National Corp................................. 2,441 211,610 CME Group, Inc..................................... 6,082 518,795 CNA Financial Corp................................. 1,153 44,921 Comerica, Inc...................................... 5,922 245,763 # Commerce Bancshares, Inc........................... 5,516 220,640 # Cullen/Frost Bankers, Inc.......................... 2,829 176,247 Discover Financial Services........................ 14,200 772,196 * E*TRADE Financial Corp............................. 10,356 238,706 East West Bancorp, Inc............................. 7,709 278,912 Eaton Vance Corp................................... 5,223 210,226 Erie Indemnity Co. Class A......................... 2,798 242,475 Everest Re Group, Ltd.............................. 2,090 358,184 Fifth Third Bancorp................................ 28,383 491,026 First Niagara Financial Group, Inc................. 6,123 49,719 First Republic Bank................................ 5,833 297,016 FirstMerit Corp.................................... 2,975 48,745 FNF Group.......................................... 4,714 165,461 * FNFV Group......................................... 1,571 19,480 * Forest City Enterprises, Inc. Class A.............. 6,993 171,328 Franklin Resources, Inc............................ 12,454 641,755 * Genworth Financial, Inc. Class A................... 6,943 48,462 Goldman Sachs Group, Inc. (The).................... 9,262 1,596,861 Hartford Financial Services Group, Inc. (The)...... 19,279 749,953 HCC Insurance Holdings, Inc........................ 5,104 272,247 736 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) * Howard Hughes Corp. (The).......................... 1,509 $ 197,121 Huntington Bancshares, Inc......................... 35,880 359,518 Intercontinental Exchange, Inc..................... 2,190 450,549 Invesco, Ltd....................................... 15,332 563,144 Investors Bancorp, Inc............................. 15,987 176,017 Jones Lang LaSalle, Inc............................ 1,858 273,275 JPMorgan Chase & Co................................ 68,514 3,725,791 KeyCorp............................................ 30,342 394,143 Legg Mason, Inc.................................... 5,530 306,583 Leucadia National Corp............................. 12,937 293,282 Lincoln National Corp.............................. 9,497 474,660 Loews Corp......................................... 13,590 519,953 # LPL Financial Holdings, Inc........................ 5,748 236,530 # M&T Bank Corp...................................... 4,577 517,933 * Markel Corp........................................ 405 276,761 Marsh & McLennan Cos., Inc......................... 12,661 680,782 McGraw Hill Financial, Inc......................... 6,415 573,758 MetLife, Inc....................................... 18,447 857,785 Moody's Corp....................................... 4,565 416,921 Morgan Stanley..................................... 28,091 949,757 MSCI, Inc.......................................... 6,023 324,158 NASDAQ OMX Group, Inc. (The)....................... 5,961 271,822 Navient Corp....................................... 21,137 417,244 # New York Community Bancorp, Inc.................... 15,820 244,419 Northern Trust Corp................................ 7,947 519,575 NorthStar Asset Management Group, Inc.............. 3,700 78,329 #* Ocwen Financial Corp............................... 1,417 8,672 Old Republic International Corp.................... 6,588 92,496 PacWest Bancorp.................................... 4,900 209,499 PartnerRe, Ltd..................................... 2,895 331,188 # People's United Financial, Inc..................... 13,662 192,224 PNC Financial Services Group, Inc. (The)........... 10,085 852,586 * Popular, Inc....................................... 1,497 46,153 Principal Financial Group, Inc..................... 13,201 619,523 ProAssurance Corp.................................. 758 33,632 Progressive Corp. (The)............................ 30,930 802,633 Prosperity Bancshares, Inc......................... 2,006 91,855 Protective Life Corp............................... 1,224 85,619 Prudential Financial, Inc.......................... 8,514 646,042 Raymond James Financial, Inc....................... 5,012 263,731 * Realogy Holdings Corp.............................. 7,799 362,653 Regions Financial Corp............................. 49,310 428,997 Reinsurance Group of America, Inc.................. 3,007 249,010 RenaissanceRe Holdings, Ltd........................ 1,664 159,128 SEI Investments Co................................. 3,697 148,508 * Signature Bank..................................... 2,687 314,728 SLM Corp........................................... 25,269 230,201 State Street Corp.................................. 8,086 578,230 SunTrust Banks, Inc................................ 9,820 377,284 * SVB Financial Group................................ 3,902 440,536 T Rowe Price Group, Inc............................ 5,573 438,707 TD Ameritrade Holding Corp......................... 14,529 470,594 TFS Financial Corp................................. 9,189 128,830 737 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Torchmark Corp..................................... 4,663 $ 233,476 Travelers Cos., Inc. (The)......................... 11,088 1,140,068 U.S. Bancorp....................................... 38,780 1,625,270 Umpqua Holdings Corp............................... 3,822 59,279 Unum Group......................................... 8,942 277,739 Validus Holdings, Ltd.............................. 1,707 67,683 Voya Financial, Inc................................ 8,921 348,008 Waddell & Reed Financial, Inc. Class A............. 1,546 69,122 Wells Fargo & Co................................... 111,996 5,814,832 Willis Group Holdings P.L.C........................ 5,412 234,340 WR Berkley Corp.................................... 6,129 300,260 XL Group P.L.C..................................... 9,199 317,273 Zions Bancorporation............................... 8,763 209,961 ----------- Total Financials....................................... 66,333,335 ----------- Health Care -- (12.4%) Abbott Laboratories................................ 15,595 698,032 AbbVie, Inc........................................ 37,832 2,283,161 * Actavis P.L.C...................................... 4,883 1,301,515 Aetna, Inc......................................... 9,914 910,303 Agilent Technologies, Inc.......................... 4,866 183,789 * Agios Pharmaceuticals, Inc......................... 968 112,211 #* Akorn, Inc......................................... 2,600 110,708 * Alexion Pharmaceuticals, Inc....................... 2,966 543,490 * Align Technology, Inc.............................. 2,668 141,537 * Alkermes P.L.C..................................... 1,668 120,513 Allergan, Inc...................................... 2,691 590,029 * Alnylam Pharmaceuticals, Inc....................... 1,096 102,838 AmerisourceBergen Corp............................. 4,647 441,697 Amgen, Inc......................................... 14,043 2,138,187 Anthem, Inc........................................ 6,649 897,349 #* athenahealth, Inc.................................. 1,017 142,085 Baxter International, Inc.......................... 11,773 827,760 Becton Dickinson and Co............................ 4,227 583,664 * Bio-Rad Laboratories, Inc. Class A................. 312 35,715 * Biogen Idec, Inc................................... 5,030 1,957,475 * BioMarin Pharmaceutical, Inc....................... 1,920 186,547 * Boston Scientific Corp............................. 36,595 541,972 Bristol-Myers Squibb Co............................ 25,003 1,506,931 * Brookdale Senior Living, Inc....................... 6,853 231,289 * Bruker Corp........................................ 2,980 56,203 Cardinal Health, Inc............................... 7,140 593,977 * CareFusion Corp.................................... 3,277 194,326 * Celgene Corp....................................... 16,729 1,993,428 * Centene Corp....................................... 1,739 189,829 #* Cepheid............................................ 1,449 81,883 * Cerner Corp........................................ 3,520 233,552 Cigna Corp......................................... 7,129 761,591 * Community Health Systems, Inc...................... 11,093 522,148 # Cooper Cos., Inc. (The)............................ 1,308 206,206 * Covance, Inc....................................... 992 105,360 CR Bard, Inc....................................... 1,259 215,327 * DaVita HealthCare Partners, Inc.................... 13,324 1,000,099 738 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) DENTSPLY International, Inc........................ 6,066 $ 303,452 * DexCom, Inc........................................ 1,793 107,186 * Edwards Lifesciences Corp.......................... 2,467 309,238 Eli Lilly & Co..................................... 15,236 1,096,992 * Endo International P.L.C........................... 2,920 232,461 * Envision Healthcare Holdings, Inc.................. 4,373 150,344 * Express Scripts Holding Co......................... 17,347 1,400,076 * Gilead Sciences, Inc............................... 36,299 3,805,224 * Halyard Health, Inc................................ 562 25,048 * HCA Holdings, Inc.................................. 5,722 405,118 * Health Net, Inc.................................... 3,527 191,058 * Henry Schein, Inc.................................. 2,957 408,273 * Hologic, Inc....................................... 10,015 304,105 * Hospira, Inc....................................... 5,163 327,489 Humana, Inc........................................ 3,588 525,427 #* IDEXX Laboratories, Inc............................ 1,129 178,856 * Illumina, Inc...................................... 2,894 564,880 #* Incyte Corp........................................ 3,326 265,115 * Intuitive Surgical, Inc............................ 508 251,196 #* Isis Pharmaceuticals, Inc.......................... 1,382 94,681 #* Jazz Pharmaceuticals P.L.C......................... 591 100,080 Johnson & Johnson.................................. 63,947 6,403,653 * Laboratory Corp. of America Holdings............... 2,616 300,264 * Mallinckrodt P.L.C................................. 2,230 236,358 McKesson Corp...................................... 4,337 922,263 * Medivation, Inc.................................... 1,795 195,332 * MEDNAX, Inc........................................ 4,401 298,784 # Medtronic P.L.C.................................... 22,994 1,641,744 Merck & Co., Inc................................... 52,424 3,160,119 * Mettler-Toledo International, Inc.................. 749 227,659 * Mylan, Inc......................................... 7,826 415,952 * NPS Pharmaceuticals, Inc........................... 3,700 169,682 Omnicare, Inc...................................... 4,220 316,416 #* Opko Health, Inc................................... 12,263 148,750 #* Pacira Pharmaceuticals, Inc........................ 400 42,940 Patterson Cos., Inc................................ 4,761 238,478 PerkinElmer, Inc................................... 4,806 219,682 Perrigo Co. P.L.C.................................. 2,625 398,317 Pfizer, Inc........................................ 109,169 3,411,531 #* Pharmacyclics, Inc................................. 818 138,038 #* Puma Biotechnology, Inc............................ 645 136,147 # Quest Diagnostics, Inc............................. 7,704 547,523 * Quintiles Transnational Holdings, Inc.............. 1,866 112,893 * Receptos, Inc...................................... 600 66,102 * Regeneron Pharmaceuticals, Inc..................... 1,532 638,323 # ResMed, Inc........................................ 3,326 207,775 * Salix Pharmaceuticals, Ltd......................... 1,026 138,171 #* Seattle Genetics, Inc.............................. 2,518 78,461 * Sirona Dental Systems, Inc......................... 2,336 210,754 St Jude Medical, Inc............................... 4,778 314,727 STERIS Corp........................................ 3,379 220,378 Stryker Corp....................................... 2,757 251,025 #* Synageva BioPharma Corp............................ 353 40,673 739 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) * Taro Pharmaceutical Industries, Ltd................ 693 $ 115,385 * Team Health Holdings, Inc.......................... 3,137 162,183 # Teleflex, Inc...................................... 1,891 207,178 #* Tenet Healthcare Corp.............................. 4,666 197,278 #* Theravance Biopharma, Inc.......................... 288 4,677 Thermo Fisher Scientific, Inc...................... 7,563 946,963 * United Therapeutics Corp........................... 1,983 279,861 UnitedHealth Group, Inc............................ 26,110 2,774,187 Universal Health Services, Inc. Class B............ 5,755 590,060 #* Varian Medical Systems, Inc........................ 2,092 193,636 * VCA, Inc........................................... 3,433 178,859 * Vertex Pharmaceuticals, Inc........................ 3,025 333,173 * Waters Corp........................................ 1,628 193,813 Zimmer Holdings, Inc............................... 2,877 322,512 Zoetis, Inc........................................ 11,935 509,983 ----------- Total Health Care...................................... 62,647,687 ----------- Industrials -- (12.6%) 3M Co.............................................. 14,622 2,373,151 Acuity Brands, Inc................................. 1,421 212,994 # ADT Corp. (The).................................... 16,185 556,764 * AECOM.............................................. 7,550 191,921 # AGCO Corp.......................................... 2,645 114,634 Air Lease Corp..................................... 2,028 70,858 Alaska Air Group, Inc.............................. 9,310 631,870 Allegion P.L.C..................................... 601 32,460 # Alliant Techsystems, Inc........................... 1,030 134,219 Allison Transmission Holdings, Inc................. 14,866 465,603 * AMERCO............................................. 1,086 310,715 American Airlines Group, Inc....................... 17,402 854,090 AMETEK, Inc........................................ 9,257 443,410 AO Smith Corp...................................... 3,579 212,628 * Avis Budget Group, Inc............................. 6,161 353,087 * B/E Aerospace, Inc................................. 4,335 252,861 Babcock & Wilcox Co. (The)......................... 2,510 68,347 Boeing Co. (The)................................... 16,077 2,337,113 Carlisle Cos., Inc................................. 3,512 314,956 Caterpillar, Inc................................... 12,715 1,016,819 CH Robinson Worldwide, Inc......................... 3,298 234,884 * Chart Industries, Inc.............................. 275 7,838 # Chicago Bridge & Iron Co. NV....................... 1,643 56,700 Cintas Corp........................................ 4,328 340,614 Civeo Corp......................................... 2,890 8,468 #* Clean Harbors, Inc................................. 1,175 55,601 #* Colfax Corp........................................ 1,951 88,400 # Copa Holdings SA Class A........................... 579 62,248 * Copart, Inc........................................ 5,189 189,917 Crane Co........................................... 1,416 86,305 CSX Corp........................................... 32,583 1,085,014 Cummins, Inc....................................... 4,016 560,071 Danaher Corp....................................... 11,717 965,246 # Deere & Co......................................... 12,097 1,030,543 Delta Air Lines, Inc............................... 21,977 1,039,732 740 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) Donaldson Co., Inc................................. 6,640 $ 242,758 Dover Corp......................................... 4,288 300,332 Dun & Bradstreet Corp. (The)....................... 1,287 148,147 Eaton Corp. P.L.C.................................. 7,955 501,881 Emerson Electric Co................................ 18,218 1,037,333 Equifax, Inc....................................... 4,408 372,300 * Esterline Technologies Corp........................ 900 100,881 Exelis, Inc........................................ 5,024 85,961 Expeditors International of Washington, Inc........ 4,052 176,991 # Fastenal Co........................................ 6,264 278,122 FedEx Corp......................................... 8,705 1,472,103 Flowserve Corp..................................... 2,051 111,759 Fluor Corp......................................... 3,133 167,897 Fortune Brands Home & Security, Inc................ 6,932 310,484 #* Generac Holdings, Inc.............................. 1,233 53,931 General Dynamics Corp.............................. 6,347 845,484 General Electric Co................................ 179,328 4,284,146 * Genesee & Wyoming, Inc. Class A.................... 1,505 124,087 Graco, Inc......................................... 2,966 211,298 * HD Supply Holdings, Inc............................ 6,638 191,374 * Hertz Global Holdings, Inc......................... 12,626 259,086 Hexcel Corp........................................ 4,540 200,804 Honeywell International, Inc....................... 17,311 1,692,323 Hubbell, Inc. Class A.............................. 100 10,855 Hubbell, Inc. Class B.............................. 1,793 190,130 Huntington Ingalls Industries, Inc................. 3,537 412,414 IDEX Corp.......................................... 4,377 316,676 * IHS, Inc. Class A.................................. 1,984 228,418 Illinois Tool Works, Inc........................... 8,088 752,912 Ingersoll-Rand P.L.C............................... 12,045 799,788 ITT Corp........................................... 2,579 92,354 * Jacobs Engineering Group, Inc...................... 1,750 66,675 # JB Hunt Transport Services, Inc.................... 3,731 297,025 #* JetBlue Airways Corp............................... 21,312 357,828 # Joy Global, Inc.................................... 3,006 126,072 Kansas City Southern............................... 4,801 528,542 KAR Auction Services, Inc.......................... 10,924 372,618 KBR, Inc........................................... 3,277 54,169 Kennametal, Inc.................................... 1,913 60,106 * Kirby Corp......................................... 2,043 148,097 * KLX, Inc........................................... 717 28,185 L-3 Communications Holdings, Inc................... 3,865 475,859 Lennox International, Inc.......................... 2,212 217,462 Lincoln Electric Holdings, Inc..................... 3,856 261,861 Lockheed Martin Corp............................... 6,566 1,236,837 # Manitowoc Co., Inc. (The).......................... 3,271 61,168 # Manpowergroup, Inc................................. 2,305 167,988 Masco Corp......................................... 7,052 175,172 * Middleby Corp. (The)............................... 2,303 218,831 # MSC Industrial Direct Co., Inc. Class A............ 1,992 149,539 Nielsen NV......................................... 16,655 725,492 Nordson Corp....................................... 3,040 221,494 Norfolk Southern Corp.............................. 8,938 911,408 741 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Northrop Grumman Corp.............................. 4,319 $ 677,867 #* NOW, Inc........................................... 770 19,212 * Old Dominion Freight Line, Inc..................... 3,470 243,316 Oshkosh Corp....................................... 2,396 102,669 Owens Corning...................................... 5,137 205,737 PACCAR, Inc........................................ 9,324 560,466 Pall Corp.......................................... 2,107 203,873 Parker Hannifin Corp............................... 6,573 765,492 Pentair P.L.C...................................... 7,966 492,378 Pitney Bowes, Inc.................................. 8,737 209,513 Precision Castparts Corp........................... 3,248 649,925 * Quanta Services, Inc............................... 4,165 110,289 Raytheon Co........................................ 8,644 864,832 Republic Services, Inc............................. 15,775 625,952 Robert Half International, Inc..................... 3,089 179,347 Rockwell Automation, Inc........................... 4,089 445,374 Rockwell Collins, Inc.............................. 3,984 341,110 Rollins, Inc....................................... 5,988 197,903 Roper Industries, Inc.............................. 4,480 691,443 # RR Donnelley & Sons Co............................. 3,166 52,144 Ryder System, Inc.................................. 4,951 409,893 #* Sensata Technologies Holding NV.................... 4,022 198,365 Snap-on, Inc....................................... 2,181 289,441 #* SolarCity Corp..................................... 1,457 70,825 Southwest Airlines Co.............................. 21,681 979,548 * Spirit Aerosystems Holdings, Inc. Class A.......... 5,869 264,340 * Spirit Airlines, Inc............................... 3,568 264,532 SPX Corp........................................... 998 83,403 Stanley Black & Decker, Inc........................ 7,014 656,861 * Stericycle, Inc.................................... 1,851 243,018 #* Swift Transportation Co............................ 5,731 140,868 * Teledyne Technologies, Inc......................... 975 92,664 Terex Corp......................................... 2,690 60,471 Textron, Inc....................................... 14,543 618,950 Timken Co. (The)................................... 2,948 112,053 Toro Co. (The)..................................... 800 51,928 Towers Watson & Co. Class A........................ 3,015 357,278 TransDigm Group, Inc............................... 1,067 219,301 # Trinity Industries, Inc............................ 6,428 170,149 Triumph Group, Inc................................. 1,050 59,913 Tyco International P.L.C........................... 4,933 201,316 Union Pacific Corp................................. 27,647 3,240,505 * United Continental Holdings, Inc................... 8,558 593,668 United Parcel Service, Inc. Class B................ 17,229 1,702,914 * United Rentals, Inc................................ 3,884 321,789 United Technologies Corp........................... 19,390 2,225,584 #* USG Corp........................................... 5,724 174,296 Valmont Industries, Inc............................ 893 107,267 * Vectrus, Inc....................................... 279 7,767 * Verisk Analytics, Inc. Class A..................... 3,758 241,827 #* Veritiv Corp....................................... 102 5,189 * WABCO Holdings, Inc................................ 3,194 303,973 Wabtec Corp........................................ 2,062 172,074 742 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Waste Connections, Inc............................. 8,185 $ 353,756 Waste Management, Inc.............................. 11,265 579,359 Watsco, Inc........................................ 448 48,769 #* WESCO International, Inc........................... 1,490 99,472 # WW Grainger, Inc................................... 1,734 408,947 Xylem, Inc......................................... 8,208 279,893 ----------- Total Industrials...................................... 63,646,546 ----------- Information Technology -- (17.8%) #* 3D Systems Corp.................................... 1,866 54,263 Accenture P.L.C. Class A........................... 15,108 1,269,525 Activision Blizzard, Inc........................... 31,781 664,064 * Adobe Systems, Inc................................. 6,011 421,551 * Akamai Technologies, Inc........................... 5,507 320,260 * Alliance Data Systems Corp......................... 1,649 476,281 Altera Corp........................................ 7,395 243,480 Amdocs, Ltd........................................ 5,881 283,347 Amphenol Corp. Class A............................. 7,822 420,120 Analog Devices, Inc................................ 7,445 387,922 * ANSYS, Inc......................................... 2,393 193,043 * AOL, Inc........................................... 748 32,351 Apple, Inc......................................... 123,247 14,439,619 Applied Materials, Inc............................. 24,060 549,530 * ARRIS Group, Inc................................... 11,592 303,942 * Arrow Electronics, Inc............................. 5,833 321,048 * Aspen Technology, Inc.............................. 1,797 63,515 * Atmel Corp......................................... 4,379 36,477 * Autodesk, Inc...................................... 3,529 190,584 Automatic Data Processing, Inc..................... 10,379 856,579 Avago Technologies, Ltd............................ 4,708 484,359 Avnet, Inc......................................... 8,049 334,999 * Blackhawk Network Holdings, Inc. Class B........... 1,128 37,348 Booz Allen Hamilton Holding Corp................... 6,564 191,078 Broadcom Corp. Class A............................. 9,359 397,149 Broadridge Financial Solutions, Inc................ 7,222 346,584 Brocade Communications Systems, Inc................ 25,219 280,435 CA, Inc............................................ 22,988 696,536 #* Cadence Design Systems, Inc........................ 10,043 180,674 CDK Global, Inc.................................... 2,309 104,274 CDW Corp........................................... 9,295 318,447 Cisco Systems, Inc................................. 115,906 3,055,862 * Citrix Systems, Inc................................ 3,565 211,262 * Cognizant Technology Solutions Corp. Class A....... 12,554 679,548 * CommVault Systems, Inc............................. 531 23,141 Computer Sciences Corp............................. 9,920 601,946 Corning, Inc....................................... 24,179 574,735 * CoStar Group, Inc.................................. 1,074 198,164 #* Cree, Inc.......................................... 1,039 36,739 Dolby Laboratories, Inc. Class A................... 2,905 112,714 DST Systems, Inc................................... 998 96,507 * eBay, Inc.......................................... 20,746 1,099,538 * EchoStar Corp. Class A............................. 2,212 115,400 * Electronic Arts, Inc............................... 5,948 326,307 743 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) EMC Corp........................................... 47,922 $1,242,617 Equinix, Inc....................................... 1,068 231,606 * F5 Networks, Inc................................... 1,424 158,947 * Facebook, Inc. Class A............................. 36,109 2,741,034 # FactSet Research Systems, Inc...................... 1,978 284,021 FEI Co............................................. 417 34,286 Fidelity National Information Services, Inc........ 15,093 942,256 #* First Solar, Inc................................... 1,827 77,319 * Fiserv, Inc........................................ 6,340 459,840 * FleetCor Technologies, Inc......................... 1,706 239,693 FLIR Systems, Inc.................................. 5,244 158,369 * Fortinet, Inc...................................... 3,495 104,483 #* Freescale Semiconductor, Ltd....................... 2,323 74,545 * Gartner, Inc....................................... 1,963 165,324 * Genpact, Ltd....................................... 7,957 159,697 Global Payments, Inc............................... 3,963 346,010 * Google, Inc. Class A............................... 5,282 2,839,339 * Google, Inc. Class C............................... 5,344 2,856,475 Harris Corp........................................ 2,914 195,617 Hewlett-Packard Co................................. 60,837 2,198,041 * HomeAway, Inc...................................... 883 22,508 IAC/InterActiveCorp................................ 4,745 289,208 * Informatica Corp................................... 3,587 149,524 * Ingram Micro, Inc. Class A......................... 7,053 177,595 Intel Corp......................................... 131,611 4,348,427 International Business Machines Corp............... 21,290 3,263,970 Intuit, Inc........................................ 6,386 554,433 #* IPG Photonics Corp................................. 1,483 110,691 Jabil Circuit, Inc................................. 13,474 277,699 Jack Henry & Associates, Inc....................... 4,237 260,025 * JDS Uniphase Corp.................................. 2,615 31,772 Juniper Networks, Inc.............................. 15,697 356,793 * Keysight Technologies, Inc......................... 1,683 56,195 KLA-Tencor Corp.................................... 5,031 309,256 #* Knowles Corp....................................... 1,194 25,325 Lam Research Corp.................................. 7,218 551,744 Leidos Holdings, Inc............................... 1,862 77,087 Linear Technology Corp............................. 5,777 259,618 * LinkedIn Corp. Class A............................. 1,456 327,221 Marvell Technology Group, Ltd...................... 19,558 302,953 MasterCard, Inc. Class A........................... 23,848 1,956,251 Maxim Integrated Products, Inc..................... 12,914 427,324 # Microchip Technology, Inc.......................... 7,208 325,081 * Micron Technology, Inc............................. 28,948 847,163 Microsoft Corp..................................... 169,006 6,827,842 Motorola Solutions, Inc............................ 5,412 337,763 National Instruments Corp.......................... 3,605 108,438 * NCR Corp........................................... 11,784 299,314 NetApp, Inc........................................ 10,975 414,855 #* NetSuite, Inc...................................... 731 71,952 #* NeuStar, Inc. Class A.............................. 1,135 29,839 #* Nuance Communications, Inc......................... 9,149 125,753 NVIDIA Corp........................................ 24,351 467,661 744 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * ON Semiconductor Corp.............................. 41,626 $ 416,676 Oracle Corp........................................ 64,671 2,709,068 * Palo Alto Networks, Inc............................ 892 112,740 #* Pandora Media, Inc................................. 1,852 30,743 Paychex, Inc....................................... 8,484 383,986 * PTC, Inc........................................... 5,660 189,101 * Qorvo, Inc......................................... 2,048 151,286 QUALCOMM, Inc...................................... 31,741 1,982,543 * Rackspace Hosting, Inc............................. 3,762 169,140 * Red Hat, Inc....................................... 2,598 165,726 * Salesforce.com, Inc................................ 7,363 415,641 SanDisk Corp....................................... 5,008 380,157 Science Applications International Corp............ 695 33,902 Seagate Technology P.L.C........................... 7,805 440,514 * ServiceNow, Inc.................................... 1,703 124,149 Skyworks Solutions, Inc............................ 4,233 351,551 * SolarWinds, Inc.................................... 1,400 67,410 Solera Holdings, Inc............................... 1,539 79,412 * Splunk, Inc........................................ 1,467 75,771 SS&C Technologies Holdings, Inc.................... 4,027 222,814 #* Stratasys, Ltd..................................... 1,541 122,494 #* SunEdison, Inc..................................... 4,918 92,114 #* SunPower Corp...................................... 2,137 51,544 Symantec Corp...................................... 37,168 920,651 * Synopsys, Inc...................................... 5,091 218,862 * Syntel, Inc........................................ 1,174 50,776 * Tableau Software, Inc. Class A..................... 1,033 83,425 TE Connectivity, Ltd............................... 11,904 790,307 #* Teradata Corp...................................... 6,623 295,121 Teradyne, Inc...................................... 9,722 175,968 Texas Instruments, Inc............................. 22,628 1,209,467 Total System Services, Inc......................... 7,093 250,879 * Trimble Navigation, Ltd............................ 3,287 78,362 #* Twitter, Inc....................................... 4,319 162,092 Ubiquiti Networks, Inc............................. 923 24,270 * Ultimate Software Group, Inc. (The)................ 927 137,205 * Vantiv, Inc. Class A............................... 8,581 295,101 * VeriFone Systems, Inc.............................. 3,052 95,802 #* VeriSign, Inc...................................... 2,210 120,401 Visa, Inc. Class A................................. 7,590 1,934,767 * VMware, Inc. Class A............................... 804 61,988 Western Digital Corp............................... 6,473 629,370 # Western Union Co. (The)............................ 11,763 199,971 * WEX, Inc........................................... 1,533 141,113 #* Workday, Inc. Class A.............................. 1,215 96,544 Xerox Corp......................................... 51,830 682,601 Xilinx, Inc........................................ 9,355 360,869 * Yahoo!, Inc........................................ 16,898 743,343 #* Yelp, Inc.......................................... 758 39,772 * Zebra Technologies Corp. Class A................... 2,229 186,032 #* Zillow, Inc. Class A............................... 414 40,125 745 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) #* Zynga, Inc. Class A................................ 11,278 $ 28,872 ----------- Total Information Technology........................... 90,354,584 ----------- Materials -- (4.2%) Air Products & Chemicals, Inc...................... 4,945 720,041 Airgas, Inc........................................ 3,716 418,570 Albemarle Corp..................................... 2,968 143,236 Alcoa, Inc......................................... 44,134 690,697 Allegheny Technologies, Inc........................ 2,060 58,772 # Aptargroup, Inc.................................... 3,618 228,332 Ashland, Inc....................................... 2,667 316,093 Avery Dennison Corp................................ 4,048 211,589 Ball Corp.......................................... 3,316 210,002 Bemis Co., Inc..................................... 7,699 341,066 * Berry Plastics Group, Inc.......................... 5,121 173,192 Cabot Corp......................................... 1,074 45,548 Celanese Corp. Series A............................ 10,724 576,522 CF Industries Holdings, Inc........................ 3,547 1,083,183 * Crown Holdings, Inc................................ 3,242 143,653 Cytec Industries, Inc.............................. 1,012 48,566 Domtar Corp........................................ 800 30,640 Dow Chemical Co. (The)............................. 33,221 1,500,260 Eagle Materials, Inc............................... 1,436 102,272 Eastman Chemical Co................................ 9,867 699,472 Ecolab, Inc........................................ 6,135 636,629 EI du Pont de Nemours & Co......................... 19,435 1,383,966 FMC Corp........................................... 1,749 100,568 Freeport-McMoRan, Inc.............................. 17,543 294,898 * Graphic Packaging Holding Co....................... 20,617 298,534 # Huntsman Corp...................................... 11,997 263,454 International Flavors & Fragrances, Inc............ 2,028 215,191 International Paper Co............................. 10,808 569,149 LyondellBasell Industries NV Class A............... 7,530 595,548 # Martin Marietta Materials, Inc..................... 2,183 235,196 MeadWestvaco Corp.................................. 7,538 379,011 Monsanto Co........................................ 11,732 1,384,141 Mosaic Co. (The)................................... 12,025 585,497 # NewMarket Corp..................................... 540 242,822 Newmont Mining Corp................................ 10,991 276,424 Nucor Corp......................................... 14,205 620,048 * Owens-Illinois, Inc................................ 5,872 137,111 Packaging Corp. of America......................... 4,550 345,118 PolyOne Corp....................................... 1,543 54,915 PPG Industries, Inc................................ 2,752 613,366 Praxair, Inc....................................... 7,412 893,813 Reliance Steel & Aluminum Co....................... 1,983 103,850 Rock-Tenn Co. Class A.............................. 6,420 416,658 Royal Gold, Inc.................................... 3,137 227,307 RPM International, Inc............................. 2,815 134,726 Scotts Miracle-Gro Co. (The) Class A............... 1,330 84,362 Sealed Air Corp.................................... 5,201 210,641 Sherwin-Williams Co. (The)......................... 1,880 509,988 Sigma-Aldrich Corp................................. 1,017 139,858 746 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Sonoco Products Co................................. 6,425 $ 283,985 # Southern Copper Corp............................... 4,414 120,414 Steel Dynamics, Inc................................ 14,162 241,320 TimkenSteel Corp................................... 919 24,813 # United States Steel Corp........................... 4,809 117,532 Valspar Corp. (The)................................ 2,368 197,562 Vulcan Materials Co................................ 4,718 332,666 Westlake Chemical Corp............................. 1,482 84,933 * WR Grace & Co...................................... 1,679 145,536 ----------- Total Materials........................................ 21,243,256 ----------- Real Estate Investment Trusts -- (0.1%) # Iron Mountain, Inc................................. 4,708 187,567 Lamar Advertising Co. Class A...................... 1,414 79,212 ----------- Total Real Estate Investment Trusts.................... 266,779 ----------- Telecommunication Services -- (2.7%) AT&T, Inc.......................................... 182,769 6,016,755 CenturyLink, Inc................................... 16,259 604,347 # Frontier Communications Corp....................... 53,826 361,442 * Level 3 Communications, Inc........................ 7,828 389,365 * SBA Communications Corp. Class A................... 2,560 298,752 #* Sprint Corp........................................ 9,676 41,607 * T-Mobile US, Inc................................... 3,497 105,539 Telephone & Data Systems, Inc...................... 1,594 37,060 * United States Cellular Corp........................ 389 13,533 Verizon Communications, Inc........................ 120,291 5,498,502 Windstream Holdings, Inc........................... 54,161 430,580 ----------- Total Telecommunication Services....................... 13,797,482 ----------- Utilities -- (2.8%) AES Corp........................................... 14,739 180,111 AGL Resources, Inc................................. 1,865 105,149 Alliant Energy Corp................................ 2,142 146,963 Ameren Corp........................................ 4,837 219,019 American Electric Power Co., Inc................... 9,625 604,546 American Water Works Co., Inc...................... 3,454 193,908 # Aqua America, Inc.................................. 6,909 186,889 Atmos Energy Corp.................................. 3,964 225,591 * Calpine Corp....................................... 27,681 577,979 CenterPoint Energy, Inc............................ 7,392 170,681 CMS Energy Corp.................................... 5,573 210,269 # Consolidated Edison, Inc........................... 5,569 385,820 Dominion Resources, Inc............................ 10,917 839,408 DTE Energy Co...................................... 3,042 272,746 Duke Energy Corp................................... 13,401 1,167,763 * Dynegy, Inc........................................ 2,400 65,568 Edison International............................... 5,807 395,747 Entergy Corp....................................... 3,435 300,597 Exelon Corp........................................ 16,183 583,235 FirstEnergy Corp................................... 7,302 294,490 Great Plains Energy, Inc........................... 5,272 155,893 747 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Utilities -- (Continued) Integrys Energy Group, Inc........................ 749 $ 60,744 ITC Holdings Corp................................. 4,106 174,669 MDU Resources Group, Inc.......................... 1,812 40,969 # National Fuel Gas Co.............................. 2,912 184,708 NextEra Energy, Inc............................... 7,984 872,172 NiSource, Inc..................................... 5,496 237,757 Northeast Utilities............................... 5,749 319,529 NRG Energy, Inc................................... 6,647 163,915 # NRG Yield, Inc. Class A........................... 300 15,864 OGE Energy Corp................................... 3,845 135,267 # ONE Gas, Inc...................................... 692 30,580 Pepco Holdings, Inc............................... 3,375 92,644 PG&E Corp......................................... 8,983 528,290 Pinnacle West Capital Corp........................ 1,989 139,588 PPL Corp.......................................... 12,486 443,253 Public Service Enterprise Group, Inc.............. 9,438 402,814 Questar Corp...................................... 6,715 174,254 # SCANA Corp........................................ 2,493 158,979 Sempra Energy..................................... 4,418 494,463 Southern Co. (The)................................ 16,882 856,255 TECO Energy, Inc.................................. 9,179 195,788 UGI Corp.......................................... 9,866 364,943 Vectren Corp...................................... 3,008 144,143 # Westar Energy, Inc................................ 4,441 189,720 # Wisconsin Energy Corp............................. 3,903 217,670 Xcel Energy, Inc.................................. 9,431 353,946 ------------ Total Utilities......................................... 14,275,296 ------------ TOTAL COMMON STOCKS..................................... 479,309,668 ------------ RIGHTS/WARRANTS -- (0.0%) o* Community Health Systems, Inc. Rights 01/04/16.... 4,045 109 o* Safeway Casa Ley Contingent Value Rights.......... 6,868 6,971 o* Safeway PDC, LLC Contingent Value Rights.......... 6,868 335 ------------ TOTAL RIGHTS/WARRANTS................................... 7,415 ------------ TEMPORARY CASH INVESTMENTS -- (0.6%) State Street Institutional Liquid Reserves, 0.089%.......................................... 3,000,278 3,000,278 ------------ SECURITIES LENDING COLLATERAL -- (4.7%) (S)@ DFA Short Term Investment Fund.................... 2,047,310 23,687,374 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $480,064,980)^^..... $506,004,735 ============ 748 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary.......... $ 68,645,216 -- -- $ 68,645,216 Consumer Staples................ 42,949,995 -- -- 42,949,995 Energy.......................... 35,149,492 -- -- 35,149,492 Financials...................... 66,333,335 -- -- 66,333,335 Health Care..................... 62,647,687 -- -- 62,647,687 Industrials..................... 63,646,546 -- -- 63,646,546 Information Technology.................... 90,354,584 -- -- 90,354,584 Materials....................... 21,243,256 -- -- 21,243,256 Real Estate Investment Trusts........................ 266,779 -- -- 266,779 Telecommunication Services...................... 13,797,482 -- -- 13,797,482 Utilities....................... 14,275,296 -- -- 14,275,296 Rights/Warrants.................... -- $ 7,415 -- 7,415 Temporary Cash Investments...................... 3,000,278 -- -- 3,000,278 Securities Lending Collateral....................... -- 23,687,374 -- 23,687,374 ------------ ----------- -- ------------ TOTAL.............................. $482,309,946 $23,694,789 -- $506,004,735 ============ =========== == ============
749 DFA COMMODITY STRATEGY PORTFOLIO CONSOLIDATED SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (71.0%) AUSTRALIA -- (7.1%) Australia & New Zealand Banking Group, Ltd. # 1.250%, 01/10/17..................................... $12,000 $12,101,100 1.250%, 06/13/17..................................... 10,000 10,031,340 BHP Billiton Finance USA, Ltd. # 1.625%, 02/24/17..................................... 5,000 5,065,480 Commonwealth Bank of Australia 1.125%, 03/13/17..................................... 8,737 8,752,412 1.900%, 09/18/17..................................... 7,000 7,102,480 National Australia Bank, Ltd. 0.900%, 01/20/16..................................... 5,000 5,021,480 1.300%, 07/25/16..................................... 7,000 7,063,728 Westpac Banking Corp. 3.000%, 12/09/15..................................... 8,500 8,685,096 # 1.200%, 05/19/17..................................... 10,000 10,042,940 2.000%, 08/14/17..................................... 3,000 3,058,458 ----------- TOTAL AUSTRALIA.......................................... 76,924,514 ----------- CANADA -- (3.8%) Bank of Nova Scotia (The) 2.550%, 01/12/17..................................... 5,000 5,156,605 Canadian National Railway Co. # 1.450%, 12/15/16..................................... 4,275 4,327,104 Enbridge, Inc. 4.900%, 03/01/15..................................... 1,500 1,505,221 Ontario, Province of Canada 1.100%, 10/25/17..................................... 10,000 10,020,500 Potash Corp. of Saskatchewan, Inc. 3.750%, 09/30/15..................................... 1,830 1,865,396 Royal Bank of Canada 1.200%, 01/23/17..................................... 7,000 7,036,820 Thomson Reuters Corp. 1.650%, 09/29/17..................................... 5,092 5,106,492 Toronto-Dominion Bank (The) 2.500%, 07/14/16..................................... 2,500 2,564,380 TransCanada PipeLines, Ltd. 3.400%, 06/01/15..................................... 3,106 3,136,765 ----------- TOTAL CANADA............................................. 40,719,283 ----------- FINLAND -- (1.4%) Municipality Finance P.L.C. 2.375%, 05/16/16..................................... 15,000 15,372,720 ----------- FRANCE -- (1.6%) Agence Francaise de Developpement 2.500%, 07/15/15..................................... 3,000 3,028,755 BNP Paribas SA 3.250%, 03/11/15..................................... 2,035 2,041,760 FACE AMOUNT^ (000) VALUE+ --------- ----------- FRANCE -- (Continued) Orange SA 2.125%, 09/16/15................................... $ 500 $ 504,129 2.750%, 09/14/16................................... 4,000 4,108,988 Societe Generale SA 2.750%, 10/12/17................................... 5,000 5,155,050 Total Capital International SA 1.550%, 06/28/17................................... 3,040 3,072,297 ----------- TOTAL FRANCE........................................... 17,910,979 ----------- GERMANY -- (1.3%) Deutsche Bank AG 3.250%, 01/11/16................................... 1,000 1,022,154 # 6.000%, 09/01/17................................... 3,000 3,342,141 Landeskreditbank Baden-Wuerttemberg Foerderbank 2.250%, 07/15/16................................... 10,000 10,258,370 ----------- TOTAL GERMANY.......................................... 14,622,665 ----------- JAPAN -- (3.1%) Japan Bank for International Cooperation 1.125%, 07/19/17................................... 15,000 15,066,915 Japan Finance Organization for Municipalities 1.500%, 09/12/17................................... 13,000 13,128,440 Nomura Holdings, Inc. 5.000%, 03/04/15................................... 3,500 3,512,541 2.000%, 09/13/16................................... 1,000 1,010,783 Sumitomo Mitsui Banking Corp. 1.300%, 01/10/17................................... 1,000 1,001,620 ----------- TOTAL JAPAN............................................ 33,720,299 ----------- NETHERLANDS -- (2.6%) Aegon NV 4.625%, 12/01/15................................... 3,489 3,600,041 Bank Nederlandse Gemeenten NV 1.375%, 09/27/17................................... 10,000 10,117,060 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 3.125%, 02/05/15................................... CAD 7,000 5,513,347 Deutsche Telekom International Finance BV 5.750%, 03/23/16................................... 880 928,125 Shell International Finance BV 1.125%, 08/21/17................................... 8,000 8,028,136 ----------- TOTAL NETHERLANDS...................................... 28,186,709 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (0.5%) European Bank for Reconstruction & Development 0.750%, 09/01/17................................... 5,000 4,991,720 ----------- 750 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- SWEDEN -- (1.8%) Kommuninvest I Sverige AB 1.625%, 02/13/17................................... $4,500 $ 4,582,408 Svensk Exportkredit AB 2.125%, 07/13/16................................... 5,000 5,118,700 Svenska Handelsbanken AB 3.125%, 07/12/16................................... 9,250 9,572,742 ----------- TOTAL SWEDEN........................................... 19,273,850 ----------- SWITZERLAND -- (0.6%) Credit Suisse New York 3.500%, 03/23/15................................... 1,000 1,004,590 # 1.375%, 05/26/17................................... 4,000 4,006,804 UBS AG 5.875%, 12/20/17................................... 1,104 1,237,201 ----------- TOTAL SWITZERLAND.............................................. 6,248,595 ----------- UNITED KINGDOM -- (4.2%) Barclays Bank P.L.C. 5.000%, 09/22/16................................... 1,700 1,812,171 BP Capital Markets P.L.C. 2.248%, 11/01/16................................... 6,500 6,626,080 British Telecommunications P.L.C. 2.000%, 06/22/15................................... 3,100 3,117,096 1.250%, 02/14/17................................... 1,200 1,200,242 Diageo Capital P.L.C. # 5.500%, 09/30/16................................... 2,000 2,151,514 1.500%, 05/11/17................................... 5,000 5,054,830 GlaxoSmithKline Capital P.L.C. 1.500%, 05/08/17................................... 5,000 5,060,245 Lloyds Bank P.L.C. # 4.875%, 01/21/16................................... 5,000 5,200,020 Rio Tinto Finance USA P.L.C. 1.125%, 03/20/15................................... 3,850 3,853,246 Royal Bank of Scotland Group P.L.C. 2.550%, 09/18/15................................... 6,300 6,363,139 Vodafone Group P.L.C. 1.625%, 03/20/17................................... 1,000 1,006,792 # 1.625%, 03/20/17................................... 3,951 3,978,689 ----------- TOTAL UNITED KINGDOM........................................... 45,424,064 ----------- UNITED STATES -- (43.0%) AbbVie, Inc. 1.200%, 11/06/15................................... 4,000 4,012,732 ACE INA Holdings, Inc. 2.600%, 11/23/15................................... 3,295 3,348,099 Actavis, Inc. 1.875%, 10/01/17................................... 7,500 7,526,160 Air Products & Chemicals, Inc. # 2.000%, 08/02/16................................... 3,615 3,681,494 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Altria Group, Inc. 4.125%, 09/11/15................................... $ 2,170 $ 2,218,191 American Express Credit Corp. 1.750%, 06/12/15................................... 625 628,110 2.750%, 09/15/15................................... 2,250 2,280,976 American Honda Finance Corp. 1.550%, 12/11/17................................... 2,605 2,636,049 American International Group, Inc. 5.850%, 01/16/18................................... 5,000 5,633,705 Ameriprise Financial, Inc. 5.650%, 11/15/15................................... 813 843,290 Amgen, Inc. 2.125%, 05/15/17................................... 2,500 2,548,455 Anadarko Petroleum Corp. 5.950%, 09/15/16................................... 6,000 6,417,582 Anheuser-Busch Cos., LLC 5.600%, 03/01/17................................... 5,000 5,454,035 Anheuser-Busch InBev Worldwide, Inc. # 0.800%, 07/15/15................................... 2,000 2,003,798 Apache Corp. 5.625%, 01/15/17................................... 1,500 1,623,803 Apple, Inc. 1.050%, 05/05/17................................... 22,000 22,186,648 AT&T, Inc. # 2.500%, 08/15/15................................... 1,076 1,087,136 2.400%, 08/15/16................................... 1,000 1,022,443 # 1.600%, 02/15/17................................... 3,255 3,280,721 AutoZone, Inc. 6.950%, 06/15/16................................... 3,000 3,246,249 Bank of America Corp. 1.500%, 10/09/15................................... 5,000 5,022,495 3.750%, 07/12/16................................... 1,500 1,554,290 Bank of New York Mellon Corp. (The) 1.969%, 06/20/17................................... 5,000 5,095,185 Becton Dickinson and Co. 1.750%, 11/08/16................................... 1,500 1,519,193 1.800%, 12/15/17................................... 5,000 5,047,505 Branch Banking & Trust Co. 1.000%, 04/03/17................................... 4,400 4,392,027 Capital One Financial Corp. 2.150%, 03/23/15................................... 4,700 4,710,575 Cardinal Health, Inc. # 1.900%, 06/15/17................................... 5,000 5,068,435 CareFusion Corp. 1.450%, 05/15/17................................... 5,000 5,004,460 Caterpillar Financial Services Corp. 1.350%, 09/06/16................................... 1,000 1,011,048 CenterPoint Energy Resources Corp. 6.150%, 05/01/16................................... 5,000 5,326,710 751 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Charles Schwab Corp. (The) 0.850%, 12/04/15................................... $3,000 $3,010,080 Citigroup, Inc. 1.350%, 03/10/17................................... 2,000 1,998,762 # 6.000%, 08/15/17................................... 6,860 7,596,606 Colgate-Palmolive Co. 1.300%, 01/15/17................................... 9,723 9,837,547 Comcast Corp. # 4.950%, 06/15/16................................... 3,500 3,708,211 Comerica, Inc. 3.000%, 09/16/15................................... 2,277 2,308,500 Computer Sciences Corp. 2.500%, 09/15/15................................... 3,558 3,587,990 ConAgra Foods, Inc. 5.819%, 06/15/17................................... 5,000 5,476,335 CVS Health Corp. 3.250%, 05/18/15................................... 1,000 1,008,170 5.750%, 06/01/17................................... 3,000 3,321,516 DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. 3.500%, 03/01/16................................... 5,000 5,137,660 Dominion Resources, Inc. 2.250%, 09/01/15................................... 5,000 5,045,085 Dow Chemical Co. (The) 2.500%, 02/15/16................................... 6,000 6,102,990 Eastman Chemical Co. 3.000%, 12/15/15................................... 1,000 1,018,775 2.400%, 06/01/17................................... 3,000 3,065,604 eBay, Inc. 1.350%, 07/15/17................................... 8,000 7,973,200 Ecolab, Inc. 1.000%, 08/09/15................................... 2,000 2,004,412 Energy Transfer Partners L.P. 5.950%, 02/01/15................................... 1,200 1,200,000 EOG Resources, Inc. 2.950%, 06/01/15................................... 2,440 2,458,446 2.500%, 02/01/16................................... 6,000 6,098,646 Exelon Corp. 4.900%, 06/15/15................................... 500 507,600 Express Scripts Holding Co. 2.100%, 02/12/15................................... 4,000 4,001,448 3.125%, 05/15/16................................... 1,975 2,028,511 Fifth Third Bancorp 3.625%, 01/25/16................................... 1,000 1,025,931 Fifth Third Bank 0.900%, 02/26/16................................... 2,000 2,001,374 Ford Motor Credit Co. LLC 12.000%, 05/15/15.................................. 3,500 3,609,784 GATX Corp. 4.750%, 05/15/15................................... 5,240 5,299,464 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) General Mills, Inc. 5.700%, 02/15/17................................... $8,250 $8,997,755 Goldman Sachs Group, Inc. (The) 3.300%, 05/03/15................................... 600 604,237 3.625%, 02/07/16................................... 1,000 1,026,662 6.250%, 09/01/17................................... 3,000 3,344,058 Hartford Financial Services Group, Inc. (The) 4.000%, 03/30/15................................... 1,400 1,407,484 Hess Corp. 1.300%, 06/15/17................................... 5,625 5,562,759 Hewlett-Packard Co. 3.000%, 09/15/16................................... 1,000 1,029,574 2.600%, 09/15/17................................... 4,677 4,810,804 Hillshire Brands Co. (The) 2.750%, 09/15/15................................... 1,666 1,682,012 HSBC USA, Inc. 2.375%, 02/13/15................................... 2,000 2,001,242 Intel Corp. 1.350%, 12/15/17................................... 5,000 5,039,390 John Deere Capital Corp. 2.000%, 01/13/17................................... 1,500 1,532,567 Johnson Controls, Inc. 5.500%, 01/15/16................................... 1,282 1,339,562 2.600%, 12/01/16................................... 3,475 3,569,544 JPMorgan Chase & Co. 3.400%, 06/24/15................................... 1,000 1,011,382 2.000%, 08/15/17................................... 1,000 1,013,620 Kellogg Co. 1.875%, 11/17/16................................... 1,000 1,015,806 1.750%, 05/17/17................................... 3,000 3,035,052 KeyBank NA 1.100%, 11/25/16................................... 6,000 6,016,398 KeyCorp # 3.750%, 08/13/15................................... 3,000 3,049,818 Kinder Morgan Energy Partners L.P. 6.000%, 02/01/17................................... 830 895,525 Kroger Co. (The) 2.200%, 01/15/17................................... 1,000 1,020,162 Laboratory Corp. of America Holdings 2.200%, 08/23/17................................... 6,000 6,080,658 Lorillard Tobacco Co. 3.500%, 08/04/16................................... 4,000 4,128,500 Lowe's Cos., Inc. 5.000%, 10/15/15................................... 1,050 1,083,492 Marathon Oil Corp. 0.900%, 11/01/15................................... 1,140 1,138,658 Marsh & McLennan Cos., Inc. 2.300%, 04/01/17................................... 680 693,456 MetLife, Inc. # 5.000%, 06/15/15................................... 500 508,783 752 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ UNITED STATES -- (Continued) Mondelez International, Inc. 4.125%, 02/09/16................................... $ 3,716 $ 3,833,667 Morgan Stanley 3.800%, 04/29/16................................... 6,000 6,204,312 MUFG Union Bank NA 3.000%, 06/06/16................................... 1,000 1,027,610 Mylan, Inc. 1.350%, 11/29/16................................... 6,038 6,032,584 NYSE Euronext 2.000%, 10/05/17................................... 305 310,261 Occidental Petroleum Corp. 1.750%, 02/15/17................................... 2,722 2,759,637 Omnicom Group, Inc. 5.900%, 04/15/16................................... 1,750 1,847,445 ONEOK Partners L.P. 2.000%, 10/01/17................................... 2,820 2,810,556 Oracle Corp. # 1.200%, 10/15/17................................... 5,000 5,023,890 Panhandle Eastern Pipe Line Co. L.P. # 6.200%, 11/01/17................................... 3,550 3,960,831 PepsiCo, Inc. 0.700%, 08/13/15................................... 5,045 5,053,748 Philip Morris International, Inc. # 2.500%, 05/16/16................................... 1,222 1,252,350 Phillips 66 # 2.950%, 05/01/17................................... 5,000 5,170,400 Pioneer Natural Resources Co. 6.650%, 03/15/17................................... 3,450 3,769,818 Plains All American Pipeline L.P. / PAA Finance Corp. 3.950%, 09/15/15................................... 2,830 2,879,344 PNC Funding Corp. 4.250%, 09/21/15................................... 600 613,636 PPG Industries, Inc. 1.900%, 01/15/16................................... 2,050 2,070,020 Progress Energy, Inc. 5.625%, 01/15/16................................... 2,000 2,091,280 Quest Diagnostics, Inc. 5.450%, 11/01/15................................... 4,000 4,133,888 Reynolds American, Inc. 1.050%, 10/30/15................................... 4,000 4,003,544 6.750%, 06/15/17................................... 4,500 5,018,692 Scripps Networks Interactive, Inc. 2.700%, 12/15/16................................... 5,000 5,165,025 Southern Power Co. 4.875%, 07/15/15................................... 3,660 3,728,753 Starbucks Corp. 0.875%, 12/05/16................................... 1,000 1,001,821 SunTrust Banks, Inc. 3.600%, 04/15/16................................... 4,000 4,126,344 FACE AMOUNT^ (000) VALUE+ ------- ------------ UNITED STATES -- (Continued) Symantec Corp. # 2.750%, 06/15/17................................... $ 2,000 $ 2,043,394 Sysco Corp. 1.450%, 10/02/17................................... 5,000 5,044,815 Thermo Fisher Scientific, Inc. 3.200%, 05/01/15................................... 2,250 2,264,535 2.250%, 08/15/16................................... 2,953 3,005,082 Time Warner Cable, Inc. 3.500%, 02/01/15................................... 4,000 4,000,000 Time Warner, Inc. 5.875%, 11/15/16................................... 1,000 1,084,692 Toyota Motor Credit Corp. 2.000%, 09/15/16................................... 15,819 16,161,307 UnitedHealth Group, Inc. 1.875%, 11/15/16................................... 1,000 1,019,324 1.400%, 12/15/17................................... 5,000 5,054,080 US Bank NA 1.100%, 01/30/17................................... 6,000 6,030,594 Valero Energy Corp. 4.500%, 02/01/15................................... 900 900,000 Verizon Communications, Inc. # 0.700%, 11/02/15................................... 3,000 2,999,142 Walgreen Co. 1.000%, 03/13/15................................... 3,720 3,722,451 Walt Disney Co. (The) # 1.125%, 02/15/17................................... 2,000 2,016,710 Wells Fargo & Co. 1.250%, 02/13/15................................... 1,000 1,000,237 1.500%, 07/01/15................................... 2,500 2,512,093 # 2.625%, 12/15/16................................... 6,000 6,185,220 Western Union Co. (The) 5.930%, 10/01/16................................... 2,348 2,522,313 Whirlpool Corp. 1.350%, 03/01/17................................... 2,000 2,003,268 Whirpool Corp. 1.650%, 11/01/17................................... 5,000 5,043,795 Williams Partners L.P. 3.800%, 02/15/15................................... 2,300 2,302,031 Xerox Corp. 4.250%, 02/15/15................................... 3,500 3,504,543 Yum! Brands, Inc. # 4.250%, 09/15/15................................... 2,485 2,538,311 ------------ TOTAL UNITED STATES.................................... 465,350,599 ------------ TOTAL BONDS............................................ 768,745,997 ------------ AGENCY OBLIGATIONS -- (1.9%) Federal Home Loan Bank 2.250%, 09/08/17................................... 10,000 10,355,350 753 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ---------- -------------- Federal Home Loan Mortgage Corporation 1.000%, 07/28/17............................. $ 10,000 $ 10,081,200 -------------- TOTAL AGENCY OBLIGATIONS........................... 20,436,550 -------------- U.S. TREASURY OBLIGATIONS -- (23.8%) U.S. Treasury Notes (f) 0.875%, 12/31/16............................. 82,000 82,634,188 0.500%, 07/31/17............................. 176,000 175,518,816 -------------- TOTAL U.S. TREASURY OBLIGATIONS.................... 258,153,004 -------------- SHARES/ FACE AMOUNT (000) ---------- SECURITIES LENDING COLLATERAL -- (3.3%) (S)@ DFA Short Term Investment Fund............... 3,077,038 35,601,335 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,080,979,983)^^.......................... $1,082,936,886 ============== 754 Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------- -------------- ------- -------------- Bonds Australia................... -- $ 76,924,514 -- $ 76,924,514 Canada...................... -- 40,719,283 -- 40,719,283 Finland..................... -- 15,372,720 -- 15,372,720 France...................... -- 17,910,979 -- 17,910,979 Germany..................... -- 14,622,665 -- 14,622,665 Japan....................... -- 33,720,299 -- 33,720,299 Netherlands................. -- 28,186,709 -- 28,186,709 Supranational Organization Obligations............... -- 4,991,720 -- 4,991,720 Sweden...................... -- 19,273,850 -- 19,273,850 Switzerland................. -- 6,248,595 -- 6,248,595 United Kingdom.............. -- 45,424,064 -- 45,424,064 United States............... -- 465,350,599 -- 465,350,599 Agency Obligations............. -- 20,436,550 -- 20,436,550 U.S. Treasury Obligations...... -- 258,153,004 -- 258,153,004 Securities Lending Collateral.. -- 35,601,335 -- 35,601,335 Swap Agreements**.............. -- 6,291,899 -- 6,291,899 Futures Contracts**............ $180,228 -- -- 180,228 Forward Currency Contracts**... -- 352,232 -- 352,232 -------- -------------- -- -------------- TOTAL.......................... $180,228 $1,089,581,017 -- $1,089,761,245 ======== ============== == ==============
** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 755 DFA ONE-YEAR FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ -------- ------------ AGENCY OBLIGATIONS -- (7.8%) Federal Home Loan Bank 5.375%, 05/18/16................................... $ 35,000 $ 37,290,785 2.125%, 06/10/16................................... 70,000 71,577,450 2.000%, 09/09/16................................... 121,970 125,005,467 0.500%, 09/28/16................................... 45,000 45,057,555 0.625%, 10/14/16................................... 15,000 15,042,060 0.500%, 10/17/16................................... 10,000 9,996,530 1.625%, 12/09/16................................... 148,000 150,936,172 4.750%, 12/16/16................................... 25,000 26,974,275 Federal Home Loan Mortgage Corporation 0.500%, 05/13/16................................... 50,000 50,121,050 Federal National Mortgage Association 4.375%, 10/15/15................................... 15,000 15,437,280 1.625%, 10/26/15................................... 60,000 60,623,580 0.375%, 07/05/16................................... 23,500 23,507,614 0.625%, 08/26/16................................... 30,000 30,102,750 ------------ TOTAL AGENCY OBLIGATIONS BONDS -- (66.3%)............... 661,672,568 ------------ 3M Co. 1.375%, 09/29/16................................... 9,783 9,923,728 African Development Bank 2.500%, 03/15/16................................... 3,800 3,890,793 Agence Francaise de Developpement 1.125%, 10/03/16................................... 22,180 22,371,591 ANZ New Zealand Int'l, Ltd. 3.125%, 08/10/15................................... 85,505 86,736,529 Apple, Inc. 0.450%, 05/03/16................................... 24,082 24,108,996 Apple, Inc. Floating Rate Note (r) 0.303%, 05/03/16................................... 19,055 19,055,000 Asian Development Bank 7.500%, 06/15/15................................... 15,000 15,393,765 2.500%, 03/15/16................................... 23,131 23,694,309 Australia & New Zealand Banking Group, Ltd. 0.900%, 02/12/16................................... 32,000 32,113,024 1.250%, 01/10/17................................... 1,150 1,159,689 Bank Nederlandse Gemeenten NV 2.750%, 07/01/15................................... 49,500 50,005,593 2.500%, 01/11/16................................... 33,500 34,197,135 1.125%, 09/12/16................................... 55,250 55,724,597 0.625%, 09/15/16................................... 26,600 26,603,697 5.125%, 10/05/16................................... 11,986 12,879,233 Bank of Montreal 1.300%, 07/15/16................................... 17,070 17,227,129 Bank of Montreal Floating Rate Note (r) 0.773%, 07/15/16................................... 162,211 162,964,470 FACE AMOUNT (000) VALUE+ ------- ----------- Bank of New York Mellon Corp. (The) # 2.950%, 06/18/15..................................... $ 9,975 $10,071,688 Bank of Nova Scotia (The) # 1.375%, 07/15/16..................................... 50,283 50,760,035 # 1.100%, 12/13/16..................................... 24,882 24,987,301 2.550%, 01/12/17..................................... 7,500 7,734,908 Bank of Nova Scotia (The) Floating Rate Note (r) 0.773%, 07/15/16..................................... 42,337 42,545,933 Berkshire Hathaway Finance Corp. Floating Rate Note (r) 0.423%, 01/13/17..................................... 31,500 31,505,828 Berkshire Hathaway, Inc. 3.200%, 02/11/15..................................... 5,094 5,096,893 British Columbia, Province of Canada 2.850%, 06/15/15..................................... 44,457 44,895,746 Caisse des Depots et Consignations 0.875%, 11/07/16..................................... 21,200 21,280,984 Canadian Imperial Bank of Commerce Floating Rate Note (r) 0.777%, 07/18/16..................................... 65,870 66,177,745 Commonwealth Bank of Australia 3.500%, 03/19/15..................................... 20,589 20,670,388 1.250%, 09/18/15..................................... 21,140 21,253,353 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 0.600%, 04/29/15..................................... 80,500 80,528,014 2.125%, 10/13/15..................................... 63,168 63,920,141 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA Floating Rate Note (r) 0.513%, 11/23/16..................................... 48,500 48,536,714 Council Of Europe Development Bank 1.375%, 03/22/16..................................... 43,496 43,991,332 1.250%, 09/22/16..................................... 28,250 28,587,644 DBS Bank, Ltd. 2.375%, 09/14/15..................................... 11,700 11,831,789 Development Bank of Japan, Inc. 2.875%, 04/20/15..................................... 24,500 24,635,240 2.750%, 03/15/16..................................... 8,600 8,813,504 1.625%, 10/05/16..................................... 47,500 48,263,705 EUROFIMA 4.500%, 03/06/15..................................... 60,230 60,458,874 European Bank for Reconstruction & Development 1.625%, 09/03/15..................................... 35,000 35,257,495 2.500%, 03/15/16..................................... 10,000 10,243,450 1.375%, 10/20/16..................................... 52,000 52,906,828 European Investment Bank 4.875%, 02/16/16..................................... 18,700 19,579,237 2.250%, 03/15/16..................................... 52,000 53,106,508 756 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ -------- ------------ 0.625%, 04/15/16................................... $ 56,000 $ 56,194,152 2.125%, 07/15/16................................... 64,500 66,099,664 0.500%, 08/15/16................................... 24,000 24,026,472 1.125%, 12/15/16................................... 16,300 16,469,895 3.125%, 12/15/16................................... 3,500 3,664,553 4.875%, 01/17/17................................... 15,818 17,117,623 FMS Wertmanagement AoeR 0.625%, 04/18/16................................... 140,040 140,514,315 1.125%, 10/14/16................................... 20,286 20,489,854 0.625%, 01/30/17................................... 10,000 9,996,880 General Electric Capital Corp. # 1.625%, 07/02/15................................... 31,740 31,918,982 2.250%, 11/09/15................................... 35,187 35,698,971 1.000%, 01/08/16................................... 76,297 76,683,749 5.000%, 01/08/16................................... 5,000 5,209,075 2.950%, 05/09/16................................... 10,000 10,290,000 1.500%, 07/12/16................................... 22,391 22,701,944 3.350%, 10/17/16................................... 5,689 5,941,245 2.900%, 01/09/17................................... 30,975 32,230,819 General Electric Capital Corp. Floating Rate Note (r) 0.532%, 01/09/17................................... 5,000 4,999,965 General Electric Co. 0.850%, 10/09/15................................... 32,450 32,568,735 Hydro-Quebec 2.000%, 06/30/16................................... 5,000 5,104,285 Inter-American Development Bank 5.125%, 09/13/16................................... 102,500 110,032,725 International Bank for Reconstruction & Development 0.375%, 11/16/15................................... 75,000 75,050,550 2.125%, 03/15/16................................... 48,500 49,478,778 0.625%, 10/14/16................................... 16,500 16,523,843 0.750%, 12/15/16................................... 5,000 5,018,955 International Business Machines Corp. Floating Rate Note (r) 0.302%, 02/05/16................................... 60,052 60,069,715 Japan Bank for International Cooperation 2.500%, 01/21/16................................... 52,000 53,080,040 2.500%, 01/21/16................................... 30,000 30,620,100 2.250%, 07/13/16................................... 3,850 3,943,863 Japan Finance Organization for Municipalities 4.625%, 04/21/15................................... 35,200 35,526,586 KFW 0.500%, 09/30/15................................... -- -- 2.625%, 02/16/16................................... 81,500 83,458,934 2.000%, 06/01/16................................... 60,000 61,269,300 0.500%, 07/15/16................................... 19,000 19,025,042 1.250%, 10/05/16................................... 50,000 50,615,350 0.625%, 12/15/16................................... 7,500 7,511,055 4.875%, 01/17/17................................... 20,000 21,645,740 FACE AMOUNT (000) VALUE+ -------- ------------ Kommunalbanken A.S. 2.750%, 05/05/15................................... $ 9,550 $ 9,611,626 2.375%, 01/19/16................................... 91,300 93,042,369 0.500%, 03/29/16................................... 20,400 20,412,485 0.875%, 10/03/16................................... 10,000 10,049,360 Kommunekredit 0.875%, 07/29/16................................... 25,000 25,144,275 1.000%, 01/17/17................................... 10,000 10,064,770 Kommuninvest I Sverige AB 0.500%, 06/15/16................................... 38,190 38,205,887 0.875%, 12/13/16................................... 68,200 68,495,170 Landwirtschaftliche Rentenbank 2.125%, 07/15/16................................... 12,300 12,611,694 Manitoba, Province of Canada 2.625%, 07/15/15................................... 28,674 28,990,446 4.900%, 12/06/16................................... 1,200 1,294,913 Merck & Co., Inc. Floating Rate Note (r) 0.422%, 05/18/16................................... 30,638 30,684,110 Microsoft Corp. 1.625%, 09/25/15................................... 23,917 24,130,579 Municipality Finance P.L.C. 1.250%, 09/12/16................................... 29,000 29,323,060 National Australia Bank, Ltd. # 3.750%, 03/02/15................................... 19,150 19,201,590 2.000%, 03/09/15................................... 60,410 60,511,247 1.600%, 08/07/15................................... 25,062 25,202,447 2.750%, 09/28/15................................... 10,000 10,151,450 0.900%, 01/20/16................................... 47,635 47,839,640 1.300%, 07/25/16................................... 5,400 5,449,162 National Australia Bank, Ltd. Floating Rate Note (r) 0.806%, 07/25/16................................... 86,265 86,646,205 (r) 0.664%, 12/02/16................................... 6,675 6,696,740 Nederlandse Waterschapsbank NV 3.000%, 03/17/15................................... -- -- 0.750%, 03/29/16................................... 82,900 83,169,591 # 2.125%, 06/16/16................................... 39,149 40,053,499 Netherlands Government Bond 0.250%, 09/12/15................................... 15,000 14,994,060 Nordic Investment Bank 2.250%, 03/15/16................................... 21,000 21,436,443 0.500%, 04/14/16................................... 44,500 44,551,442 NRW Bank 1.250%, 05/15/15................................... 69,000 69,192,372 Oesterreichische Kontrollbank AG 1.125%, 07/06/15................................... 136,155 136,701,935 1.750%, 10/05/15................................... 14,489 14,642,612 4.875%, 02/16/16................................... 9,407 9,844,482 0.750%, 12/15/16................................... 31,000 31,088,505 Ontario, Province of Canada 0.950%, 05/26/15................................... 8,000 8,019,240 2.700%, 06/16/15................................... 52,000 52,470,028 757 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ -------- ------------ 4.750%, 01/19/16................................... $ 20,000 $ 20,852,640 2.300%, 05/10/16................................... 27,100 27,729,398 1.000%, 07/22/16................................... 20,000 20,137,600 1.600%, 09/21/16................................... 88,100 89,515,238 4.950%, 11/28/16................................... 1,294 1,393,864 Quebec, Province of Canada 4.600%, 05/26/15................................... 16,399 16,621,961 5.125%, 11/14/16................................... 49,087 53,000,854 Royal Bank of Canada 0.800%, 10/30/15................................... 68,277 68,483,538 2.625%, 12/15/15................................... 4,995 5,089,246 0.850%, 03/08/16................................... 19,300 19,351,994 2.300%, 07/20/16................................... 1,530 1,564,962 Royal Bank of Canada Floating Rate Note (r) 0.605%, 03/08/16................................... 39,500 39,624,544 (r) 0.696%, 09/09/16................................... 55,680 55,883,956 (r) 0.587%, 01/23/17................................... 11,000 11,014,740 Svensk Exportkredit AB 0.625%, 09/04/15................................... 80,500 80,720,650 1.750%, 10/20/15................................... 118,058 119,353,096 # 0.625%, 05/31/16................................... 10,000 10,023,180 2.125%, 07/13/16................................... 4,000 4,094,960 Svenska Handelsbanken AB 3.125%, 07/12/16................................... 33,180 34,337,683 Svenska Handelsbanken AB Floating Rate Note (r) 0.697%, 03/21/16................................... 64,010 64,250,358 (r) 0.722%, 09/23/16................................... 140,602 141,127,008 Toronto-Dominion Bank (The) Floating Rate Note (r) 0.432%, 11/06/15................................... 31,000 31,039,742 (r) 0.424%, 07/13/16................................... 100,000 99,994,900 (r) 0.696%, 09/09/16................................... 48,945 49,139,899 (r) 0.514%, 01/06/17................................... 76,000 76,013,908 Total Capital Canada, Ltd. Floating Rate Note (r) 0.633%, 01/15/16................................... 37,856 37,963,284 Total Capital International SA 0.750%, 01/25/16................................... 3,000 3,008,439 Total Capital SA 3.000%, 06/24/15................................... 10,000 10,105,400 Toyota Motor Credit Corp. 1.000%, 02/17/15................................... 84,340 84,360,579 0.875%, 07/17/15................................... 20,090 20,142,656 2.800%, 01/11/16................................... 11,100 11,346,598 Toyota Motor Credit Corp. Floating Rate Note (r) 0.393%, 09/18/15................................... 9,650 9,657,749 (r) 0.522%, 05/17/16................................... 7,700 7,719,781 (r) 0.352%, 09/23/16................................... 30,000 29,959,920 Wal-Mart Stores, Inc. 1.500%, 10/25/15................................... 20,674 20,841,521 FACE AMOUNT (000) VALUE+ -------- -------------- 2.800%, 04/15/16................................... $ 4,000 $ 4,114,540 Westpac Banking Corp. 3.000%, 08/04/15................................... 71,992 72,954,821 1.125%, 09/25/15................................... 14,913 14,990,115 3.000%, 12/09/15................................... 4,516 4,614,340 0.950%, 01/12/16................................... 141,072 141,704,144 -------------- TOTAL BONDS............................................ 5,640,249,549 -------------- U.S. TREASURY OBLIGATIONS -- (17.7%) U.S. Treasury Notes 0.375%, 01/31/16................................... 30,000 30,056,250 2.000%, 01/31/16................................... 50,000 50,886,700 0.375%, 02/15/16................................... 73,800 73,938,375 0.375%, 03/31/16................................... 20,000 20,029,680 0.250%, 04/15/16................................... 25,000 25,005,850 0.375%, 04/30/16................................... 75,000 75,111,300 1.500%, 06/30/16................................... 175,000 177,953,125 0.625%, 07/15/16................................... 20,000 20,092,180 1.500%, 07/31/16................................... 235,000 239,121,665 0.625%, 08/15/16................................... 130,000 130,568,750 0.875%, 09/15/16................................... 50,000 50,410,150 1.000%, 09/30/16................................... 40,000 40,421,880 1.000%, 10/31/16................................... 250,000 252,675,750 0.625%, 11/15/16................................... 40,000 40,156,240 0.500%, 11/30/16................................... 50,000 50,085,950 0.875%, 11/30/16................................... 10,000 10,082,810 0.625%, 12/15/16................................... 50,000 50,164,050 0.875%, 12/31/16................................... 170,000 171,314,780 -------------- TOTAL U.S. TREASURY OBLIGATIONS........................ 1,508,075,485 -------------- COMMERCIAL PAPER -- (7.6%) Bank of Nova Scotia 0.363%, 02/22/16................................... 3,300 3,299,287 0.465%, 12/05/16................................... 74,300 74,286,180 Basin Electric Power Cooperative ## 0.160%, 03/03/15................................... 10,000 9,998,640 Canadian Imperial Bank of Commerce 0.403%, 10/28/16................................... 25,000 24,989,975 Cooperatieve Centrale Raiffeisen- Boerenleenbank BA 0.716%, 05/06/16................................... 68,100 67,941,736 CPPIB Capital, Inc. ## 0.140%, 04/07/15................................... 15,000 14,994,836 Exxon Mobil Corp. ## 0.130%, 03/05/15................................... 30,000 29,996,457 Nordea Bank Finland P.L.C. 0.342%, 11/09/15................................... 21,000 21,009,513 0.446%, 01/21/16................................... 72,500 72,496,882 0.421%, 06/13/16................................... 5,000 5,001,225 0.421%, 06/13/16................................... 50,000 50,012,250 758 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ----------- -------------- Oversea-Chinese Banking Corp., Ltd. 0.170%, 02/05/15.............................. $ 48,300 $ 48,299,034 Royal Bank of Canada 0.597%, 06/21/16.............................. 33,250 33,296,849 0.421%, 12/15/16.............................. 25,000 24,992,675 Scotiabanc, Inc. ## 0.120%, 02/13/15.............................. 25,000 24,998,735 Standard Chartered Bank ## 0.165%, 02/17/15.............................. 100,000 99,995,000 Svensk Exportkredit AB 0.170%, 02/18/15.............................. 40,000 39,997,740 -------------- TOTAL COMMERCIAL PAPER.............................. 645,607,014 -------------- SHARES ----------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional Liquid Reserves, 0.089%...................................... 31,026,278 31,026,278 -------------- SHARES/ FACE AMOUNT (000) ----------- SECURITIES LENDING COLLATERAL -- (0.2%) (S)@ DFA Short Term Investment Fund................ 1,894,764 21,922,422 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $8,498,060,358)^^........................... $8,508,553,316 ============== 759 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Agency Obligations........... -- $ 661,672,568 -- $ 661,672,568 Bonds........................ -- 5,640,249,549 -- 5,640,249,549 U.S. Treasury Obligations.... -- 1,508,075,485 -- 1,508,075,485 Commercial Paper............. -- 645,607,014 -- 645,607,014 Temporary Cash Investments... $31,026,278 -- -- 31,026,278 Securities Lending Collateral -- 21,922,422 -- 21,922,422 ----------- -------------- -- -------------- TOTAL........................ $31,026,278 $8,477,527,038 -- $8,508,553,316 =========== ============== == ============== 760 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------------- ------------ BONDS -- (71.7%) AUSTRALIA -- (4.3%) Australia & New Zealand Banking Group, Ltd. 0.900%, 02/12/16................................ $ 68,875 $ 69,118,266 1.250%, 01/10/17................................ 14,750 14,874,269 Commonwealth Bank of Australia 3.500%, 03/19/15................................ 53,000 53,209,509 3.875%, 12/14/15................................ GBP 33,895 52,391,898 National Australia Bank, Ltd. 3.750%, 03/02/15................................ 13,374 13,410,029 # 0.900%, 01/20/16................................ 6,500 6,527,924 1.300%, 07/25/16................................ 17,800 17,962,051 3.000%, 07/27/16................................ 6,035 6,239,104 Westpac Banking Corp. 3.000%, 08/04/15................................ 3,741 3,791,032 1.125%, 09/25/15................................ 11,407 11,465,986 3.000%, 12/09/15................................ 21,010 21,467,514 ------------ TOTAL AUSTRALIA..................................... 270,457,582 ------------ AUSTRIA -- (0.6%) Austria Government International Bond 1.750%, 06/17/16................................ 11,270 11,487,511 Oesterreichische Kontrollbank AG 4.875%, 02/16/16................................ 16,000 16,744,096 2.000%, 06/03/16................................ 2,535 2,590,228 0.750%, 12/15/16................................ 7,000 7,019,985 ------------ TOTAL AUSTRIA....................................... 37,841,820 ------------ CANADA -- (10.4%) Bank of Nova Scotia 2.100%, 11/08/16................................ CAD 53,000 42,409,593 Bank of Nova Scotia (The) 0.950%, 03/15/16................................ 10,700 10,741,527 2.900%, 03/29/16................................ 13,505 13,866,002 # 1.375%, 07/15/16................................ 43,050 43,458,415 1.100%, 12/13/16................................ 10,000 10,042,320 2.550%, 01/12/17................................ 10,000 10,313,210 British Columbia, Province of Canada 2.100%, 05/18/16................................ 42,045 42,963,557 Export Development Canada 1.250%, 10/26/16................................ 23,585 23,873,020 0.875%, 12/07/16................................ GBP 4,300 6,500,395 Ontario, Province of Canada 1.875%, 09/15/15................................ 24,525 24,779,202 2.300%, 05/10/16................................ 37,730 38,606,279 # 1.000%, 07/22/16................................ 43,240 43,537,491 1.600%, 09/21/16................................ 53,527 54,386,858 1.600%, 09/21/16................................ 19,000 19,302,100 FACE AMOUNT^ (000) VALUE+ ------------- ------------ CANADA -- (Continued) Quebec, Province of Canada 5.125%, 11/14/16................................ $ 1,104 $ 1,192,025 Royal Bank of Canada 3.360%, 01/11/16................................ CAD 139,500 112,145,617 2.300%, 07/20/16................................ 7,000 7,159,957 3.030%, 07/26/16................................ CAD 24,000 19,415,881 1.450%, 09/09/16................................ 20,361 20,580,390 # 1.200%, 01/23/17................................ 20,000 20,105,200 Toronto-Dominion Bank (The) # 2.500%, 07/14/16................................ 35,868 36,791,673 2.948%, 08/02/16................................ CAD 15,000 12,126,662 1.500%, 09/09/16................................ 10,000 10,120,560 2.375%, 10/19/16................................ 23,200 23,826,678 2.375%, 10/19/16................................ 2,500 2,567,088 ------------ TOTAL CANADA........................................ 650,811,700 ------------ DENMARK -- (1.0%) Denmark Government International Bond 0.375%, 04/25/16................................ 49,000 49,003,038 Kommunekredit 0.875%, 07/29/16................................ 7,300 7,342,128 1.000%, 01/17/17................................ 8,000 8,051,816 ------------ TOTAL DENMARK....................................... 64,396,982 ------------ FINLAND -- (1.5%) Finland Government International Bond 2.250%, 03/17/16................................ 5,000 5,106,975 Municipality Finance P.L.C. 2.375%, 05/16/16................................ 26,500 27,158,472 1.250%, 09/12/16................................ 44,182 44,674,188 1.250%, 12/15/16................................ GBP 10,673 16,230,878 ------------ TOTAL FINLAND....................................... 93,170,513 ------------ FRANCE -- (2.5%) Agence Francaise de Developpement 1.125%, 10/03/16................................ 9,552 9,634,510 Caisse des Depots et Consignations 0.875%, 11/07/16................................ 22,200 22,284,804 SNCF Reseau 2.375%, 12/23/15................................ GBP 77,254 118,125,236 Total Capital SA 2.300%, 03/15/16................................ 2,987 3,046,310 ------------ TOTAL FRANCE........................................ 153,090,860 ------------ GERMANY -- (7.5%) FMS Wertmanagement AoeR 0.625%, 04/18/16................................ 116,800 117,195,601 1.125%, 10/14/16................................ 4,286 4,329,070 761 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ----------- ------------ GERMANY -- (Continued) 1.125%, 12/07/16.................................. GBP 3,200 $ 4,851,775 0.625%, 01/30/17.................................. 25,000 24,992,200 KFW 5.500%, 12/07/15.................................. GBP 51,000 80,012,577 0.500%, 07/15/16.................................. 6,000 6,007,908 1.250%, 10/05/16.................................. 5,000 5,061,535 1.250%, 10/05/16.................................. 5,000 5,060,680 0.625%, 12/15/16.................................. 18,600 18,627,416 4.875%, 01/17/17.................................. 25,000 27,051,950 Landeskreditbank Baden- Wuerttemberg Foerderbank 1.500%, 12/07/15.................................. GBP 12,500 18,963,429 0.500%, 06/01/16.................................. 157,800 157,886,001 ------------ TOTAL GERMANY......................................... 470,040,142 ------------ IRELAND -- (1.0%) GE Capital European Funding 2.875%, 09/17/15.................................. EUR 46,195 53,066,861 GE Capital UK Funding 4.625%, 01/18/16.................................. GBP 4,000 6,240,757 ------------ TOTAL IRELAND......................................... 59,307,618 ------------ JAPAN -- (3.2%) Development Bank of Japan, Inc. 2.750%, 03/15/16.................................. 8,000 8,198,608 1.625%, 10/05/16.................................. 30,000 30,482,340 Japan Bank for International Cooperation 1.875%, 09/24/15.................................. 52,600 53,101,594 2.500%, 01/21/16.................................. 90,400 92,277,608 5.250%, 03/23/16.................................. 18,000 18,966,636 ------------ TOTAL JAPAN........................................... 203,026,786 ------------ NETHERLANDS -- (7.5%) Bank Nederlandse Gemeenten NV 2.375%, 12/23/15.................................. GBP 39,553 60,499,370 5.250%, 02/26/16.................................. GBP -- -- 0.625%, 07/18/16.................................. 14,900 14,918,267 1.125%, 09/12/16.................................. 88,100 88,856,779 5.125%, 10/05/16.................................. 4,000 4,298,092 5.250%, 01/31/17.................................. 5,000 5,442,845 Cooperatieve Centrale Raiffeisen- Boerenleenbank BA 4.000%, 09/10/15.................................. GBP 30,773 47,230,054 2.125%, 10/13/15.................................. 80,000 80,952,560 3.375%, 01/18/16.................................. EUR 13,500 15,716,200 5.500%, 02/03/16.................................. AUD 8,824 7,038,326 # 3.375%, 01/19/17.................................. 5,000 5,230,720 Nederlandse Waterschapsbank NV 5.625%, 11/17/15.................................. GBP 7,340 11,484,912 5.625%, 11/17/15.................................. GBP 4,906 7,676,427 FACE AMOUNT^ (000) VALUE+ ----------- ------------ NETHERLANDS -- (Continued) 0.750%, 03/29/16................................. $ 68,900 $ 69,124,063 # 2.125%, 06/16/16................................. 44,500 45,528,128 2.125%, 09/07/16................................. GBP 1,687 2,598,768 ------------ TOTAL NETHERLANDS.................................... 466,595,511 ------------ NEW ZEALAND -- (0.7%) ANZ New Zealand Int'l, Ltd. 3.125%, 08/10/15................................. 31,890 32,349,312 # 1.125%, 03/24/16................................. 10,245 10,306,511 ------------ TOTAL NEW ZEALAND.................................... 42,655,823 ------------ NORWAY -- (2.8%) Kommunalbanken A.S. 1.375%, 12/23/15................................. GBP 5,000 7,581,289 2.375%, 01/19/16................................. 47,500 48,406,490 0.500%, 03/29/16................................. 94,000 94,057,528 0.875%, 10/03/16................................. 5,000 5,024,680 1.125%, 12/15/16................................. GBP 13,100 19,862,328 ------------ TOTAL NORWAY......................................... 174,932,315 ------------ SINGAPORE -- (0.4%) DBS Bank, Ltd. 2.375%, 09/14/15................................. 26,200 26,495,117 ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (17.6%) African Development Bank 2.500%, 03/15/16................................. 38,000 38,907,934 1.250%, 09/02/16................................. 5,000 5,059,750 0.750%, 10/18/16................................. 10,600 10,635,224 Asian Development Bank 2.500%, 03/15/16................................. 68,693 70,365,881 # 0.500%, 06/20/16................................. 8,000 8,012,264 5.500%, 06/27/16................................. 47,011 50,335,148 1.000%, 12/15/16................................. GBP 16,100 24,399,313 0.750%, 01/11/17................................. 5,000 5,015,840 Council Of Europe Development Bank 1.625%, 12/07/15................................. GBP 28,000 42,536,702 1.250%, 09/22/16................................. 63,893 64,656,649 European Bank for Reconstruction & Development 1.375%, 10/20/16................................. 82,654 84,095,403 European Investment Bank 3.000%, 12/07/15................................. GBP 6,000 9,222,288 2.250%, 03/15/16................................. 30,000 30,638,370 0.625%, 04/15/16................................. 45,000 45,156,015 2.125%, 07/15/16................................. 4,000 4,099,204 0.500%, 08/15/16................................. 19,600 19,621,619 # 1.250%, 10/14/16................................. 5,000 5,063,645 1.125%, 12/15/16................................. 23,700 23,947,025 3.125%, 12/15/16................................. 14,500 15,181,717 762 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------------ -------------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (Continued) 4.875%, 01/17/17.............................. $ 20,500 $ 22,184,300 Inter-American Development Bank 0.625%, 12/15/15.............................. GBP 69,852 105,272,177 5.125%, 09/13/16.............................. 30,000 32,204,700 1.375%, 10/18/16.............................. 10,000 10,139,920 0.875%, 11/15/16.............................. 29,000 29,171,390 International Bank for Reconstruction & Development 2.125%, 03/15/16.............................. 85,000 86,715,385 0.500%, 05/16/16.............................. 4,500 4,503,537 0.625%, 10/14/16.............................. 18,000 18,026,010 1.000%, 12/28/16.............................. GBP 5,100 7,728,967 International Finance Corp. 0.625%, 12/15/15.............................. GBP 54,845 82,665,421 0.625%, 11/15/16.............................. 2,800 2,802,542 Nordic Investment Bank 0.500%, 04/14/16.............................. 144,380 144,546,903 -------------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS...... 1,102,911,243 -------------- SWEDEN -- (6.3%) Kommuninvest I Sverige AB 0.625%, 09/18/15.............................. 15,000 15,032,820 0.500%, 06/15/16.............................. 20,000 20,008,320 0.875%, 12/13/16.............................. 5,000 5,021,640 Nordea Bank AB 2.750%, 08/11/15.............................. EUR 64,062 73,360,066 3.875%, 12/15/15.............................. GBP 5,000 7,728,815 Svensk Exportkredit AB 0.875%, 12/15/15.............................. GBP 60,000 90,549,010 0.625%, 05/31/16.............................. 54,500 54,626,331 1.125%, 12/15/16.............................. GBP 20,000 30,324,466 Svenska Handelsbanken AB 1.500%, 07/06/15.............................. EUR 45,300 51,482,401 3.625%, 02/16/16.............................. EUR 8,533 9,989,660 # 3.125%, 07/12/16.............................. 37,790 39,108,531 -------------- TOTAL SWEDEN...................................... 397,232,060 -------------- UNITED KINGDOM -- (1.8%) Network Rail Infrastructure Finance P.L.C. 4.875%, 11/27/15.............................. GBP 64,949 101,257,604 1.250%, 08/31/16.............................. 11,225 11,356,097 -------------- TOTAL UNITED KINGDOM.............................. 112,613,701 -------------- UNITED STATES -- (2.6%) Apple, Inc. # 0.450%, 05/03/16.............................. 10,000 10,011,210 General Electric Capital Corp. # 1.000%, 01/08/16.............................. 51,817 52,079,660 5.000%, 01/08/16.............................. 20,540 21,398,880 FACE AMOUNT^ (000) VALUE+ ---------- -------------- UNITED STATES -- (Continued) 2.950%, 05/09/16............................... $ 5,340 $ 5,494,860 1.500%, 07/12/16............................... 14,012 14,206,585 3.350%, 10/17/16............................... 900 939,905 5.375%, 10/20/16............................... 19,000 20,443,677 2.900%, 01/09/17............................... 3,589 3,734,509 Procter & Gamble Co. (The) # 0.750%, 11/04/16............................... 3,600 3,613,784 Toyota Motor Credit Corp. # 0.800%, 05/17/16............................... 7,035 7,062,028 Wal-Mart Stores, Inc. 0.600%, 04/11/16............................... 11,550 11,581,428 2.800%, 04/15/16............................... 12,500 12,857,938 -------------- TOTAL UNITED STATES................................ 163,424,464 -------------- TOTAL BONDS........................................ 4,489,004,237 -------------- AGENCY OBLIGATIONS -- (9.3%) Federal Home Loan Bank 5.375%, 05/18/16............................... 37,000 39,421,687 2.125%, 06/10/16............................... 15,000 15,338,025 2.000%, 09/09/16............................... 34,980 35,850,547 0.625%, 10/14/16............................... 10,000 10,028,040 0.625%, 11/23/16............................... 50,000 50,113,000 1.625%, 12/09/16............................... 132,900 135,536,603 Federal Home Loan Mortgage Corporation # 0.500%, 05/13/16............................... 55,000 55,133,155 # 2.500%, 05/27/16............................... 35,000 35,996,730 # 2.000%, 08/25/16............................... 44,700 45,748,573 0.875%, 10/14/16............................... 75,000 75,522,000 0.500%, 01/27/17............................... 15,000 14,985,480 Federal National Mortgage Association # 0.625%, 08/26/16............................... 43,300 43,448,302 5.250%, 09/15/16............................... 10,000 10,781,550 1.250%, 01/30/17............................... 15,000 15,206,055 -------------- TOTAL AGENCY OBLIGATIONS........................... 583,109,747 -------------- U.S. TREASURY OBLIGATIONS -- (15.8%) U.S. Treasury Notes 0.625%, 07/15/16............................... 60,000 60,276,540 1.500%, 07/31/16............................... 70,000 71,227,730 0.625%, 08/15/16............................... 10,000 10,043,750 1.000%, 08/31/16............................... 170,000 171,739,780 0.875%, 09/15/16............................... 130,000 131,066,390 # 1.000%, 10/31/16............................... 175,000 176,873,025 0.625%, 11/15/16............................... 85,000 85,332,010 0.875%, 11/30/16............................... 85,000 85,703,885 0.625%, 12/15/16............................... 20,000 20,065,620 # 0.875%, 12/31/16............................... 110,000 110,850,740 763 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ----------- -------------- 0.750%, 01/15/17.............................. $ 65,000 $ 65,360,555 -------------- TOTAL U.S. TREASURY OBLIGATIONS 988,540,025 -------------- SHARES/ FACE AMOUNT (000) ----------- SECURITIES LENDING COLLATERAL -- (3.2%) (S)@ DFA Short Term Investment Fund................ 17,307,838 200,251,688 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $6,407,513,716)^^........................... $6,260,905,697 ============== 764 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia.................... -- $ 270,457,582 -- $ 270,457,582 Austria...................... -- 37,841,820 -- 37,841,820 Canada....................... -- 650,811,700 -- 650,811,700 Denmark...................... -- 64,396,982 -- 64,396,982 Finland...................... -- 93,170,513 -- 93,170,513 France....................... -- 153,090,860 -- 153,090,860 Germany...................... -- 470,040,142 -- 470,040,142 Ireland...................... -- 59,307,618 -- 59,307,618 Japan........................ -- 203,026,786 -- 203,026,786 Netherlands.................. -- 466,595,511 -- 466,595,511 New Zealand.................. -- 42,655,823 -- 42,655,823 Norway....................... -- 174,932,315 -- 174,932,315 Singapore.................... -- 26,495,117 -- 26,495,117 Supranational Organization Obligations................ -- 1,102,911,243 -- 1,102,911,243 Sweden....................... -- 397,232,060 -- 397,232,060 United Kingdom............... -- 112,613,701 -- 112,613,701 United States................ -- 163,424,464 -- 163,424,464 Agency Obligations.............. -- 583,109,747 -- 583,109,747 U.S. Treasury Obligations....... -- 988,540,025 -- 988,540,025 Securities Lending Collateral... -- 200,251,688 -- 200,251,688 Forward Currency Contracts**.... -- 50,548,832 -- 50,548,832 -- -------------- -- -------------- TOTAL........................... -- $6,311,454,529 -- $6,311,454,529 == ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 765 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (92.8%) AUSTRALIA -- (3.7%) Australia & New Zealand Banking Group, Ltd. 1.250%, 06/13/17................................... $15,000 $15,047,010 Commonwealth Bank of Australia 1.125%, 03/13/17................................... 3,480 3,486,139 1.900%, 09/18/17................................... 10,000 10,146,400 Rio Tinto Finance USA, Ltd. 2.500%, 05/20/16................................... 2,525 2,577,030 Westpac Banking Corp. 2.000%, 08/14/17................................... 10,425 10,628,141 ----------- TOTAL AUSTRALIA........................................ 41,884,720 ----------- CANADA -- (8.1%) Brookfield Asset Management, Inc. 5.800%, 04/25/17................................... 4,150 4,491,391 Cenovus Energy, Inc. 5.700%, 10/15/19................................... 5,775 6,336,284 Ontario, Province of Canada 1.100%, 10/25/17................................... 25,000 25,051,250 Royal Bank of Canada 1.400%, 10/13/17................................... 1,000 1,003,561 1.500%, 01/16/18................................... 7,673 7,735,573 # 1.500%, 01/16/18................................... 4,384 4,422,141 Teck Resources, Ltd. # 2.500%, 02/01/18................................... 5,000 4,873,160 Thomson Reuters Corp. # 6.500%, 07/15/18................................... 4,700 5,406,678 Toronto-Dominion Bank (The) 1.400%, 04/30/18................................... 29,615 29,573,806 TransCanada PipeLines, Ltd. 3.400%, 06/01/15................................... 2,105 2,125,850 ----------- TOTAL CANADA........................................... 91,019,694 ----------- FRANCE -- (4.7%) BNP Paribas SA 2.375%, 09/14/17................................... 8,000 8,184,776 BPCE SA 2.500%, 12/10/18................................... 1,000 1,024,451 2.500%, 07/15/19................................... 2,900 2,966,320 Caisse d'Amortissement de la Dette Sociale 1.375%, 01/29/18................................... 9,600 9,701,031 Orange SA 2.750%, 09/14/16................................... 8,000 8,217,976 Societe Generale SA 2.750%, 10/12/17................................... 8,000 8,248,080 Total Capital International SA 1.550%, 06/28/17................................... 15,000 15,184,455 ----------- TOTAL FRANCE........................................... 53,527,089 ----------- FACE AMOUNT^ (000) VALUE+ ------- ----------- GERMANY -- (3.9%) Deutsche Bank AG 3.250%, 01/11/16................................... $ 4,000 $ 4,088,616 # 6.000%, 09/01/17................................... 4,000 4,456,188 FMS Wertmanagement AoeR 1.000%, 11/21/17................................... 20,000 20,058,740 KFW # 1.875%, 04/01/19................................... 15,000 15,439,665 ----------- TOTAL GERMANY.......................................... 44,043,209 ----------- JAPAN -- (4.1%) Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) ## 2.350%, 09/08/19................................... 3,000 3,038,565 Development Bank of Japan, Inc. 1.000%, 01/22/18................................... 19,200 19,131,437 Japan Finance Organization for Municipalities 1.375%, 02/05/18................................... 11,330 11,367,276 Nomura Holdings, Inc. 5.000%, 03/04/15................................... 5,770 5,790,674 Sumitomo Mitsui Banking Corp. 1.350%, 07/18/15................................... 4,000 4,016,708 2.450%, 01/10/19................................... 2,600 2,654,415 ----------- TOTAL JAPAN............................................ 45,999,075 ----------- NETHERLANDS -- (1.1%) Bank Nederlandse Gemeenten NV 1.375%, 09/27/17................................... 5,000 5,058,530 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 2.250%, 01/14/19................................... 2,070 2,108,069 Nederlandse Waterschapsbank NV 1.500%, 04/16/18................................... 5,000 5,062,910 ----------- TOTAL NETHERLANDS...................................... 12,229,509 ----------- NORWAY -- (0.9%) Statoil ASA 3.125%, 08/17/17................................... 10,000 10,508,970 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (3.0%) African Development Bank 0.875%, 03/15/18................................... 8,040 8,013,926 European Investment Bank # 1.625%, 06/15/17................................... 15,000 15,308,880 Inter-American Development Bank 0.875%, 03/15/18................................... 10,000 9,985,720 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS........... 33,308,526 ----------- 766 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- SWEDEN -- (1.2%) Kommuninvest I Sverige AB 1.000%, 10/24/17................................... $ 4,000 $ 4,007,612 Nordea Bank AB 1.625%, 05/15/18................................... 3,000 3,004,860 Svenska Handelsbanken AB # 2.500%, 01/25/19................................... 6,350 6,568,656 ----------- TOTAL SWEDEN........................................... 13,581,128 ----------- SWITZERLAND -- (1.1%) Credit Suisse New York 3.500%, 03/23/15................................... 5,000 5,022,950 # 2.300%, 05/28/19................................... 625 635,303 Noble Holding International, Ltd. 2.500%, 03/15/17................................... 931 885,011 UBS AG 5.875%, 12/20/17................................... 4,325 4,846,824 2.375%, 08/14/19................................... 667 681,990 ----------- TOTAL SWITZERLAND...................................... 12,072,078 ----------- UNITED KINGDOM -- (4.3%) Barclays P.L.C. # 2.750%, 11/08/19................................... 8,000 8,165,712 BP Capital Markets P.L.C. 2.248%, 11/01/16................................... 1,500 1,529,095 1.846%, 05/05/17................................... 4,640 4,697,601 GlaxoSmithKline Capital P.L.C. 1.500%, 05/08/17................................... 3,750 3,795,184 Lloyds Bank P.L.C. 4.200%, 03/28/17................................... 4,000 4,244,800 Network Rail Infrastructure Finance P.L.C. 0.875%, 05/15/18................................... 10,000 9,947,040 Rio Tinto Finance USA P.L.C. 1.625%, 08/21/17................................... 3,628 3,646,550 Royal Bank of Scotland Group P.L.C. 2.550%, 09/18/15................................... 4,000 4,040,088 Vodafone Group P.L.C. 5.625%, 02/27/17................................... 8,000 8,686,904 ----------- TOTAL UNITED KINGDOM................................... 48,752,974 ----------- UNITED STATES -- (56.7%) AbbVie, Inc. 1.200%, 11/06/15................................... 7,215 7,237,965 ACE INA Holdings, Inc. 2.600%, 11/23/15................................... 4,215 4,282,925 Actavis, Inc. 1.875%, 10/01/17................................... 4,000 4,013,952 Aetna, Inc. # 2.200%, 03/15/19................................... 5,000 5,070,555 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Aflac, Inc. 2.650%, 02/15/17................................... $ 2,650 $ 2,742,294 Agilent Technologies, Inc. 6.500%, 11/01/17................................... 596 664,283 American Express Co. 6.150%, 08/28/17................................... 5,000 5,594,825 7.000%, 03/19/18................................... 2,000 2,327,612 American International Group, Inc. 5.850%, 01/16/18................................... 7,000 7,887,187 Ameriprise Financial, Inc. 5.650%, 11/15/15................................... 1,220 1,265,454 Anadarko Petroleum Corp. 5.950%, 09/15/16................................... 2,587 2,767,047 Anheuser-Busch InBev Worldwide, Inc. # 1.375%, 07/15/17................................... 2,105 2,124,042 Anthem, Inc. 5.875%, 06/15/17................................... 3,990 4,390,919 # 1.875%, 01/15/18................................... 4,000 4,050,148 Apache Corp. 6.900%, 09/15/18................................... 4,890 5,677,295 Apple, Inc. 1.000%, 05/03/18................................... 28,000 27,885,144 Assurant, Inc. 2.500%, 03/15/18................................... 5,000 5,107,170 AT&T, Inc. # 1.400%, 12/01/17................................... 9,000 8,977,662 Autodesk, Inc. 1.950%, 12/15/17................................... 4,000 4,041,272 Bank of America Corp. 6.000%, 09/01/17................................... 4,000 4,421,896 2.600%, 01/15/19................................... 1,670 1,704,956 2.650%, 04/01/19................................... 1,000 1,023,176 Bank of New York Mellon Corp. (The) 2.200%, 05/15/19................................... 4,030 4,113,719 Baxter International, Inc. # 1.850%, 06/15/18................................... 5,000 5,051,590 BB&T Corp. # 1.450%, 01/12/18................................... 9,000 9,030,447 Becton Dickinson and Co. 5.000%, 05/15/19................................... 2,000 2,253,224 Berkshire Hathaway Finance Corp. 1.600%, 05/15/17................................... 4,000 4,064,428 Berkshire Hathaway, Inc. 1.550%, 02/09/18................................... 10,000 10,106,590 BlackRock, Inc. # 6.250%, 09/15/17................................... 5,000 5,640,190 Bristol-Myers Squibb Co. 1.750%, 03/01/19................................... 5,000 5,064,065 Buckeye Partners L.P. 6.050%, 01/15/18................................... 1,880 2,086,819 767 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Capital One Financial Corp. # 6.750%, 09/15/17................................... $4,000 $4,531,840 Cardinal Health, Inc. 1.700%, 03/15/18................................... 9,000 9,046,602 Caterpillar Financial Services Corp. 2.450%, 09/06/18................................... 2,880 2,984,890 CBS Corp. 2.300%, 08/15/19................................... 6,638 6,692,671 Celgene Corp. 2.250%, 05/15/19................................... 5,000 5,078,750 Chevron Corp. 1.104%, 12/05/17................................... 9,000 8,953,650 Cigna Corp. 5.375%, 03/15/17................................... 1,190 1,292,601 Cisco Systems, Inc. 2.125%, 03/01/19................................... 5,000 5,134,030 Citigroup, Inc. 4.450%, 01/10/17................................... 4,000 4,237,408 6.000%, 08/15/17................................... 4,000 4,429,508 CNA Financial Corp. 7.350%, 11/15/19................................... 3,000 3,669,027 Coca-Cola Enterprises, Inc. 2.125%, 09/15/15................................... 3,389 3,421,280 Comcast Corp. 6.500%, 01/15/17................................... 1,500 1,662,086 Comerica, Inc. 3.000%, 09/16/15................................... 1,000 1,013,834 2.125%, 05/23/19................................... 700 705,923 Computer Sciences Corp. 2.500%, 09/15/15................................... 4,000 4,033,716 CR Bard, Inc. # 1.375%, 01/15/18................................... 5,085 5,069,806 Devon Energy Corp. 2.250%, 12/15/18................................... 5,000 5,045,475 DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. 2.400%, 03/15/17................................... 4,000 4,090,176 Dollar General Corp. 1.875%, 04/15/18................................... 5,000 4,945,625 DTE Energy Co. 2.400%, 12/01/19................................... 878 897,517 Eastman Chemical Co. 2.400%, 06/01/17................................... 4,000 4,087,472 eBay, Inc. 2.200%, 08/01/19................................... 5,000 5,022,000 EI du Pont de Nemours & Co. 6.000%, 07/15/18................................... 2,475 2,836,201 EMC Corp. 1.875%, 06/01/18................................... 8,780 8,883,788 Enbridge Energy Partners L.P. 5.875%, 12/15/16................................... 2,000 2,160,588 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Energy Transfer Partners L.P. 5.950%, 02/01/15................................... $ 2,604 $ 2,604,000 EOG Resources, Inc. 2.500%, 02/01/16................................... 4,000 4,065,764 Exelon Generation Co. LLC 6.200%, 10/01/17................................... 4,000 4,464,712 Express Scripts Holding Co. 2.250%, 06/15/19................................... 2,865 2,891,745 Fifth Third Bancorp 3.625%, 01/25/16................................... 725 743,800 Fifth Third Bank 2.375%, 04/25/19................................... 1,615 1,646,044 FMC Technologies, Inc. 2.000%, 10/01/17................................... 5,000 4,985,180 Ford Motor Credit Co. LLC 5.000%, 05/15/18................................... 5,000 5,470,690 2.375%, 03/12/19................................... 1,000 1,012,127 Freeport-McMoRan, Inc. 2.150%, 03/01/17................................... 4,000 3,975,304 General Dynamics Corp. 1.000%, 11/15/17................................... 2,000 1,998,362 General Electric Capital Corp. # 1.625%, 04/02/18................................... 15,000 15,148,590 Goldman Sachs Group, Inc. (The) # 6.250%, 09/01/17................................... 1,550 1,727,763 5.950%, 01/18/18................................... 2,000 2,240,976 Hartford Financial Services Group, Inc. (The) # 4.000%, 10/15/17................................... 5,142 5,500,259 Hewlett-Packard Co. 2.600%, 09/15/17................................... 4,000 4,114,436 Home Depot, Inc. (The) 2.000%, 06/15/19................................... 5,000 5,112,650 HSBC Finance Corp. 5.250%, 04/15/15................................... 2,187 2,207,420 HSBC USA, Inc. 2.375%, 11/13/19................................... 2,000 2,042,210 Humana, Inc. 2.625%, 10/01/19................................... 2,000 2,045,870 Huntington Bancshares, Inc. # 2.600%, 08/02/18................................... 5,000 5,106,285 Illinois Tool Works, Inc. # 1.950%, 03/01/19................................... 6,150 6,279,777 Intuit, Inc. 5.750%, 03/15/17................................... 2,000 2,177,714 Jefferies Group LLC 5.125%, 04/13/18................................... 1,875 1,983,660 John Deere Capital Corp. # 1.950%, 03/04/19................................... 3,400 3,460,343 JPMorgan Chase & Co. 3.150%, 07/05/16................................... 1,000 1,028,648 768 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 6.300%, 04/23/19................................... $ 548 $ 643,233 2.250%, 01/23/20................................... 2,000 2,009,688 KeyBank NA 1.650%, 02/01/18................................... 1,820 1,829,346 Kimberly-Clark Corp. 1.900%, 05/22/19................................... 2,300 2,335,733 Kinder Morgan Energy Partners L.P. 6.000%, 02/01/17................................... 4,000 4,315,784 Kohl's Corp. 6.250%, 12/15/17................................... 4,000 4,491,020 Kroger Co. (The) 2.200%, 01/15/17................................... 2,795 2,851,353 2.300%, 01/15/19................................... 3,000 3,056,301 Laboratory Corp. of America Holdings 2.200%, 08/23/17................................... 4,500 4,560,493 Lorillard Tobacco Co. # 2.300%, 08/21/17................................... 4,000 4,049,188 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19................................... 2,200 2,249,841 MasterCard, Inc. # 2.000%, 04/01/19................................... 10,000 10,268,000 Mattel, Inc. # 2.350%, 05/06/19................................... 6,000 6,043,548 McDonald's Corp. 5.350%, 03/01/18................................... 5,000 5,606,175 McKesson Corp. 1.400%, 03/15/18................................... 8,907 8,888,349 Monsanto Co. 2.125%, 07/15/19................................... 2,500 2,543,145 Morgan Stanley 6.250%, 08/28/17................................... 4,000 4,456,356 7.300%, 05/13/19................................... 1,800 2,168,827 MUFG Union Bank NA 2.625%, 09/26/18................................... 5,245 5,390,187 Mylan, Inc. 2.550%, 03/28/19................................... 4,400 4,473,819 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19................................... 3,850 3,932,875 Nisource Finance Corp. 6.400%, 03/15/18................................... 3,000 3,442,665 Nucor Corp. # 5.750%, 12/01/17................................... 7,160 7,983,708 NYSE Euronext 2.000%, 10/05/17................................... 5,000 5,086,240 Oracle Corp. # 1.200%, 10/15/17................................... 1,500 1,507,167 5.000%, 07/08/19................................... 5,000 5,711,135 PG&E Corp. 2.400%, 03/01/19................................... 5,000 5,098,510 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Philip Morris International, Inc. 5.650%, 05/16/18................................... $ 3,000 $ 3,416,619 Pioneer Natural Resources Co. # 6.650%, 03/15/17................................... 4,000 4,370,804 6.875%, 05/01/18................................... 2,000 2,264,124 PNC Bank NA 2.400%, 10/18/19................................... 2,000 2,055,682 Praxair, Inc. 1.250%, 11/07/18................................... 4,000 3,982,188 Principal Financial Group, Inc. 1.850%, 11/15/17................................... 6,707 6,748,744 Prudential Financial, Inc. 6.100%, 06/15/17................................... 1,000 1,107,411 6.000%, 12/01/17................................... 5,000 5,621,450 Quest Diagnostics, Inc. # 3.200%, 04/01/16................................... 4,000 4,102,004 Qwest Corp. 6.500%, 06/01/17................................... 4,000 4,375,216 Reinsurance Group of America, Inc. # 5.625%, 03/15/17................................... 1,000 1,083,978 Republic Services, Inc. # 3.800%, 05/15/18................................... 5,427 5,782,072 Reynolds American, Inc. 6.750%, 06/15/17................................... 2,000 2,230,530 Scripps Networks Interactive, Inc. # 2.750%, 11/15/19................................... 1,000 1,027,337 Southern Power Co. 4.875%, 07/15/15................................... 5,672 5,778,549 Southwest Airlines Co. 2.750%, 11/06/19................................... 5,000 5,146,095 Starwood Hotels & Resorts Worldwide, Inc. 6.750%, 05/15/18................................... 1,000 1,153,197 SunTrust Banks, Inc. 3.500%, 01/20/17................................... 4,000 4,186,544 Symantec Corp. 2.750%, 06/15/17................................... 4,000 4,086,788 Target Corp. 2.300%, 06/26/19................................... 4,135 4,259,968 Tech Data Corp. 3.750%, 09/21/17................................... 4,500 4,651,569 Texas Instruments, Inc. # 1.650%, 08/03/19................................... 5,000 5,024,865 Thermo Fisher Scientific, Inc. # 2.400%, 02/01/19................................... 6,599 6,734,161 Toyota Motor Credit Corp. 1.750%, 05/22/17................................... 10,000 10,170,100 1.375%, 01/10/18................................... 1,956 1,968,716 Tyson Foods, Inc. 2.650%, 08/15/19................................... 5,000 5,139,780 769 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ---------- -------------- UNITED STATES -- (Continued) Unilever Capital Corp. 2.200%, 03/06/19................................ $ 3,820 $ 3,936,269 UnitedHealth Group, Inc. 2.300%, 12/15/19................................ 5,000 5,137,025 US Bancorp # 2.200%, 04/25/19................................ 5,000 5,118,695 Verizon Communications, Inc. # 1.100%, 11/01/17................................ 3,000 2,976,675 # 2.550%, 06/17/19................................ 1,000 1,026,478 Wachovia Corp. 5.750%, 06/15/17................................ 4,000 4,423,872 5.750%, 02/01/18................................ 3,000 3,370,803 Wal-Mart Stores, Inc. 5.800%, 02/15/18................................ 2,745 3,129,473 Western Union Co. (The) 5.930%, 10/01/16................................ 6,000 6,445,434 Wisconsin Electric Power Co. 1.700%, 06/15/18................................ 4,975 5,010,412 Wyndham Worldwide Corp. 2.500%, 03/01/18................................ 7,405 7,469,216 Xerox Corp. 2.750%, 03/15/19................................ 6,000 6,137,334 -------------- TOTAL UNITED STATES................................. 640,272,507 -------------- TOTAL BONDS......................................... 1,047,199,479 -------------- AGENCY OBLIGATIONS -- (3.8%) Federal Home Loan Bank 0.375%, 06/24/16................................ 4,500 4,502,385 5.000%, 11/17/17................................ 7,000 7,810,236 Federal National Mortgage Association 0.625%, 08/26/16................................ 15,000 15,051,375 1.250%, 01/30/17................................ 15,000 15,206,055 -------------- TOTAL AGENCY OBLIGATIONS............................ 42,570,051 -------------- SHARES/ FACE AMOUNT (000) ---------- SECURITIES LENDING COLLATERAL -- (3.4%) (S)@ DFA Short Term Investment Fund................. 3,353,855 38,804,105 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,119,760,749)^^........................... $1,128,573,635 ============== 770 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia................... -- $ 41,884,720 -- $ 41,884,720 Canada...................... -- 91,019,694 -- 91,019,694 France...................... -- 53,527,089 -- 53,527,089 Germany..................... -- 44,043,209 -- 44,043,209 Japan....................... -- 45,999,075 -- 45,999,075 Netherlands................. -- 12,229,509 -- 12,229,509 Norway...................... -- 10,508,970 -- 10,508,970 Supranational Organization Obligations............... -- 33,308,526 -- 33,308,526 Sweden...................... -- 13,581,128 -- 13,581,128 Switzerland................. -- 12,072,078 -- 12,072,078 United Kingdom.............. -- 48,752,974 -- 48,752,974 United States............... -- 640,272,507 -- 640,272,507 Agency Obligations............. -- 42,570,051 -- 42,570,051 Securities Lending Collateral.. -- 38,804,105 -- 38,804,105 Forward Currency Contracts**... -- (23,595,889) -- (23,595,889) -- -------------- -- -------------- TOTAL.......................... -- $1,104,977,746 -- $1,104,977,746 == ============== == ==============
** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 771 DFA SHORT-TERM GOVERNMENT PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ -------- -------------- AGENCY OBLIGATIONS -- (50.8%) Federal Farm Credit Bank 4.875%, 01/17/17................................. $ 12,000 $ 13,009,020 Federal Home Loan Bank 5.375%, 05/18/16................................. 71,500 76,179,747 2.125%, 06/10/16................................. 87,700 89,676,319 5.125%, 10/19/16................................. 9,845 10,638,940 4.750%, 12/16/16................................. 82,500 89,015,107 4.875%, 05/17/17................................. 8,000 8,756,784 1.000%, 06/09/17................................. 9,010 9,081,954 1.000%, 06/21/17................................. 134,210 135,129,875 0.750%, 09/08/17................................. 88,000 87,849,872 2.250%, 09/08/17................................. 30,000 31,066,050 5.000%, 11/17/17................................. 165,240 184,366,200 0.750%, 12/08/17................................. 50,530 50,162,697 1.375%, 03/09/18................................. 156,885 158,995,574 1.250%, 06/08/18................................. 19,300 19,445,947 4.750%, 06/08/18................................. 19,925 22,423,456 2.000%, 09/14/18................................. 30,000 31,004,910 1.625%, 06/14/19................................. 30,000 30,442,290 Tennessee Valley Authority 5.500%, 07/18/17................................. 3,362 3,745,120 6.250%, 12/15/17................................. 6,500 7,446,803 4.500%, 04/01/18................................. 15,180 16,833,117 1.750%, 10/15/18................................. 31,635 32,347,262 -------------- TOTAL AGENCY OBLIGATIONS.............................. 1,107,617,044 -------------- U.S. TREASURY OBLIGATIONS -- (48.5%) U.S. Treasury Notes 1.750%, 05/31/16................................. -- -- 3.000%, 02/28/17................................. 10,000 10,521,090 3.125%, 04/30/17................................. 12,000 12,690,936 0.625%, 08/31/17................................. 8,000 7,994,376 0.625%, 09/30/17................................. 85,000 84,867,230 0.750%, 10/31/17................................. 70,000 70,098,420 4.250%, 11/15/17................................. 226,800 248,895,310 2.250%, 11/30/17................................. 121,000 126,133,062 1.000%, 12/15/17................................. 108,000 108,818,424 0.750%, 12/31/17................................. 10,000 10,000,780 2.625%, 01/31/18................................. 79,000 83,320,352 0.750%, 02/28/18................................. 7,000 6,990,158 2.875%, 03/31/18................................. 67,500 71,797,860 2.625%, 04/30/18................................. 68,000 71,888,784 1.375%, 06/30/18................................. 25,000 25,414,050 1.375%, 09/30/18................................. 22,700 23,051,146 1.250%, 11/30/18................................. 10,500 10,599,257 1.500%, 01/31/19................................. 48,000 48,896,256 0.875%, 07/31/19................................. 25,000 24,734,375 772 DFA SHORT-TERM GOVERNMENT PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ -------------- 1.000%, 11/30/19............................... $ 10,000 $ 9,924,220 -------------- TOTAL U.S. TREASURY OBLIGATIONS.................... 1,056,636,086 -------------- SHARES ------ TEMPORARY CASH INVESTMENTS -- (0.7%) State Street Institutional U.S. Government Money Market Fund............................ 15,107,748 15,107,748 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,161,199,087)^^.......................... $2,179,360,878 ============== 773 DFA SHORT-TERM GOVERNMENT PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Agency Obligations........... -- $1,107,617,044 -- $1,107,617,044 U.S. Treasury Obligations.... -- 1,056,636,086 -- 1,056,636,086 Temporary Cash Investments... $15,107,748 -- -- 15,107,748 ----------- -------------- -- -------------- TOTAL........................ $15,107,748 $2,164,253,130 -- $2,179,360,878 =========== ============== == ============== 774 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ---------- -------------- BONDS -- (92.1%) AUSTRALIA -- (9.6%) Australia & New Zealand Banking Group, Ltd. 1.450%, 05/15/18................................ $ 25,900 $ 25,842,916 # 2.250%, 06/13/19................................ 263,061 269,110,088 Commonwealth Bank of Australia 2.500%, 09/20/18................................ 101,000 104,032,020 # 2.250%, 03/13/19................................ 51,512 52,646,964 # 2.300%, 09/06/19................................ 110,025 112,143,421 National Australia Bank, Ltd. 2.300%, 07/25/18................................ 47,000 48,117,002 # 2.250%, 07/01/19................................ 132,250 134,722,943 Westpac Banking Corp. # 1.600%, 01/12/18................................ 50,650 51,132,137 # 2.250%, 07/30/18................................ 63,900 65,361,201 # 2.250%, 01/17/19................................ 149,489 153,252,984 -------------- TOTAL AUSTRALIA...................................... 1,016,361,676 -------------- AUSTRIA -- (2.0%) Oesterreichische Kontrollbank AG 1.125%, 05/29/18................................ 102,000 102,252,246 # 1.625%, 03/12/19................................ 112,903 114,613,029 -------------- TOTAL AUSTRIA........................................ 216,865,275 -------------- CANADA -- (11.0%) Bank of Nova Scotia (The) 2.050%, 06/05/19................................ 72,680 73,539,877 2.050%, 06/05/19................................ 33,000 33,168,300 Canada Government International Bond 1.625%, 02/27/19................................ 116,700 118,858,250 Ontario, Province of Canada 2.000%, 09/27/18................................ 16,300 16,716,237 2.000%, 01/30/19................................ 171,800 176,199,454 # 1.650%, 09/27/19................................ 74,691 75,419,909 4.000%, 10/07/19................................ 24,531 27,322,284 Royal Bank of Canada # 1.500%, 01/16/18................................ 44,960 45,351,152 # 2.200%, 07/27/18................................ 145,150 148,638,100 # 2.150%, 03/15/19................................ 96,665 98,947,164 Toronto-Dominion Bank (The) # 2.625%, 09/10/18................................ 142,484 147,933,016 # 2.125%, 07/02/19................................ 108,670 111,252,760 # 2.250%, 11/05/19................................ 42,875 43,798,485 Total Capital Canada, Ltd. 1.450%, 01/15/18................................ 53,370 53,694,970 -------------- TOTAL CANADA......................................... 1,170,839,958 -------------- FACE AMOUNT^ (000) VALUE+ ---------- -------------- DENMARK -- (1.4%) Kommunekredit 1.125%, 03/15/18................................ $146,274 $ 146,588,782 -------------- FINLAND -- (1.4%) Finland Government International Bond 1.625%, 10/01/18................................ 60,000 61,074,660 Municipality Finance P.L.C. 1.125%, 04/17/18................................ 20,000 20,021,000 1.750%, 05/21/19................................ 68,800 69,988,038 -------------- TOTAL FINLAND........................................ 151,083,698 -------------- FRANCE -- (3.1%) Dexia Credit Local SA # 2.250%, 01/30/19................................ 71,945 73,875,068 Sanofi 1.250%, 04/10/18................................ 10,000 10,036,160 Total Capital International SA 2.125%, 01/10/19................................ 101,000 103,085,347 # 2.100%, 06/19/19................................ 72,692 74,122,797 Total Capital SA 2.125%, 08/10/18................................ 46,000 46,960,480 3.875%, 12/14/18................................ GBP 13,134 21,729,393 -------------- TOTAL FRANCE......................................... 329,809,245 -------------- GERMANY -- (2.9%) FMS Wertmanagement AoeR 1.625%, 11/20/18................................ 43,000 43,695,740 1.875%, 12/07/18................................ GBP 20,000 31,107,781 KFW 1.875%, 04/01/19................................ 92,750 95,468,595 Landwirtschaftliche Rentenbank 1.000%, 04/04/18................................ 13,000 12,999,649 1.875%, 09/17/18................................ 15,000 15,405,375 NRW Bank 1.875%, 07/01/19................................ 29,400 30,002,553 2.000%, 09/23/19................................ 82,200 84,326,761 -------------- TOTAL GERMANY........................................ 313,006,454 -------------- JAPAN -- (4.3%) Development Bank of Japan, Inc. 1.625%, 09/25/19................................ 9,000 9,071,082 Japan Bank for International Cooperation 1.750%, 07/31/18................................ 201,350 204,611,065 1.750%, 11/13/18................................ 29,000 29,339,967 # 1.750%, 05/29/19................................ 38,280 38,704,908 1.750%, 05/29/19................................ 19,600 19,831,280 Japan Finance Organization for Municipalities 1.375%, 02/05/18................................ 40,500 40,633,245 775 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ----------- -------------- JAPAN -- (Continued) 2.500%, 09/12/18................................ $ 50,000 $ 51,728,550 2.500%, 09/12/18................................ 15,400 15,932,393 2.125%, 03/06/19................................ 45,000 45,979,785 -------------- TOTAL JAPAN......................................... 455,832,275 -------------- NETHERLANDS -- (9.5%) Bank Nederlandse Gemeenten NV 1.875%, 12/07/18................................ GBP 59,950 93,089,450 1.875%, 06/11/19................................ 181,000 185,020,734 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 1.700%, 03/19/18................................ 19,920 20,053,902 2.250%, 01/14/19................................ 235,625 239,958,379 Nederlandse Waterschapsbank NV 1.875%, 03/13/19................................ 248,340 253,847,436 1.750%, 09/05/19................................ 10,000 10,148,850 Shell International Finance BV # 1.900%, 08/10/18................................ 119,844 122,214,634 2.000%, 11/15/18................................ 53,970 54,939,895 4.300%, 09/22/19................................ 20,000 22,378,040 4.300%, 09/22/19................................ 6,500 7,237,100 -------------- TOTAL NETHERLANDS................................... 1,008,888,420 -------------- NORWAY -- (5.4%) Kommunalbanken A.S. 2.125%, 03/15/19................................ 146,650 151,391,341 1.750%, 05/28/19................................ 105,500 107,283,583 1.500%, 10/22/19................................ 42,900 43,116,602 Statoil ASA 1.200%, 01/17/18................................ 40,850 40,715,522 1.150%, 05/15/18................................ 183,925 182,370,834 1.950%, 11/08/18................................ 13,800 14,054,665 2.250%, 11/08/19................................ 39,400 40,450,128 -------------- TOTAL NORWAY........................................ 579,382,675 -------------- SINGAPORE -- (2.0%) Singapore Government Bond 4.000%, 09/01/18................................ SGD 91,700 74,664,461 2.500%, 06/01/19................................ SGD 163,700 127,243,231 1.625%, 10/01/19................................ SGD 15,000 11,218,620 -------------- TOTAL SINGAPORE..................................... 213,126,312 -------------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (6.3%) African Development Bank # 1.625%, 10/02/18................................ 34,920 35,501,523 Asian Development Bank 1.750%, 03/21/19................................ 15,000 15,334,020 1.875%, 04/12/19................................ 133,500 136,912,127 Council Of Europe Development Bank # 1.125%, 05/31/18................................ 45,000 45,101,565 FACE AMOUNT^ (000) VALUE+ ----------- ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (Continued) European Investment Bank 4.750%, 10/15/18................................ GBP 28,722 $ 49,143,232 1.625%, 12/18/18................................ 25,000 25,428,100 1.500%, 02/01/19................................ GBP 58,500 89,982,513 1.875%, 03/15/19................................ 101,400 104,199,451 International Bank for Reconstruction & Development 1.875%, 03/15/19................................ 91,000 94,025,568 Nordic Investment Bank # 1.875%, 06/14/19................................ 77,020 79,139,436 ------------ TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS........ 674,767,535 ------------ SWEDEN -- (7.1%) Kommuninvest I Sverige AB 2.000%, 11/12/19................................ 168,950 174,136,258 Nordea Bank AB 2.375%, 04/04/19................................ 70,315 72,000,451 Svensk Exportkredit AB 1.125%, 04/05/18................................ 40,000 40,042,120 1.875%, 12/21/18................................ GBP 40,150 62,302,160 1.875%, 06/17/19................................ 94,575 96,666,715 Svenska Handelsbanken AB # 2.500%, 01/25/19................................ 176,256 182,325,199 2.250%, 06/17/19................................ 119,548 122,042,967 ------------ TOTAL SWEDEN........................................ 749,515,870 ------------ UNITED KINGDOM -- (1.8%) United Kingdom Gilt 1.250%, 07/22/18................................ GBP 121,700 186,523,495 ------------ UNITED STATES -- (24.3%) 3M Co. # 1.625%, 06/15/19................................ 18,195 18,340,524 Apple, Inc. # 1.000%, 05/03/18................................ 85,700 85,348,459 # 2.100%, 05/06/19................................ 199,300 205,667,834 Berkshire Hathaway Finance Corp. 1.300%, 05/15/18................................ 44,700 44,887,874 # 2.000%, 08/15/18................................ 51,375 52,828,553 Berkshire Hathaway, Inc. 1.550%, 02/09/18................................ 35,446 35,823,819 # 2.100%, 08/14/19................................ 75,817 77,951,704 Chevron Corp. # 1.718%, 06/24/18................................ 132,577 134,627,834 Coca-Cola Co. (The) 1.650%, 11/01/18................................ 31,819 32,310,317 Exxon Mobil Corp. 1.819%, 03/15/19................................ 185,578 190,120,393 General Electric Capital Corp. 1.625%, 04/02/18................................ -- -- 776 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ----------- --------------- UNITED STATES -- (Continued) 5.625%, 05/01/18............................. $ 17,500 $ 19,817,595 # 2.300%, 01/14/19............................. 181,485 187,164,755 6.000%, 08/07/19............................. 12,000 14,195,112 6.000%, 08/07/19............................. 31,575 37,360,266 # 2.200%, 01/09/20............................. 44,600 45,486,826 International Business Machines Corp. # 1.250%, 02/08/18............................. 38,800 38,996,134 # 1.950%, 02/12/19............................. 163,527 167,128,355 1.875%, 05/15/19............................. 15,000 15,316,830 Johnson & Johnson 5.150%, 07/15/18............................. 10,515 11,909,994 1.650%, 12/05/18............................. 176,200 179,760,121 Microsoft Corp. # 1.625%, 12/06/18............................. 168,185 171,344,523 Pfizer, Inc. # 1.500%, 06/15/18............................. 68,504 69,545,261 # 2.100%, 05/15/19............................. 204,892 211,043,678 Procter & Gamble Co. (The) # 1.600%, 11/15/18............................. 5,800 5,892,498 1.900%, 11/01/19............................. 52,962 54,135,214 Toyota Motor Credit Corp. # 1.375%, 01/10/18............................. 40,200 40,461,340 2.000%, 10/24/18............................. 154,239 157,547,735 # 2.100%, 01/17/19............................. 52,256 53,545,678 2.125%, 07/18/19............................. 26,105 26,868,101 US Bank NA # 2.125%, 10/28/19............................. 42,190 42,959,461 Wal-Mart Stores, Inc. 1.125%, 04/11/18............................. 122,427 122,717,764 # 1.950%, 12/15/18............................. 26,431 27,089,158 --------------- TOTAL UNITED STATES................................ 2,578,193,710 --------------- TOTAL BONDS........................................ 9,790,785,380 --------------- AGENCY OBLIGATIONS -- (2.7%) Federal Home Loan Bank 1.750%, 12/14/18............................. 81,000 83,158,650 Federal Home Loan Mortgage Corporation 3.750%, 03/27/19............................. 15,000 16,591,050 # 1.250%, 08/01/19............................. 16,200 16,293,717 # 1.250%, 10/02/19............................. 46,000 46,018,814 Federal National Mortgage Association # 1.625%, 11/27/18............................. 41,000 41,842,591 # 1.875%, 02/19/19............................. 40,000 41,337,320 # 1.750%, 06/20/19............................. 23,000 23,639,469 FACE AMOUNT^ (000) VALUE+ ----------- --------------- # 1.750%, 09/12/19............................. $ 15,000 $ 15,388,230 --------------- TOTAL AGENCY OBLIGATIONS........................... 284,269,841 --------------- U.S. TREASURY OBLIGATIONS -- (0.8%) U.S. Treasury Notes 1.250%, 11/30/18............................. 78,000 78,737,334 SHARES/ FACE AMOUNT (000) ----------- SECURITIES LENDING COLLATERAL -- (4.4%) (S)@ DFA Short Term Investment Fund............... 40,813,666 472,214,115 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $10,499,047,196)^^......................... $10,626,006,670 =============== 777 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note):
INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- --------------- ------- --------------- Bonds Australia................... -- $ 1,016,361,676 -- $ 1,016,361,676 Austria..................... -- 216,865,275 -- 216,865,275 Canada...................... -- 1,170,839,958 -- 1,170,839,958 Denmark..................... -- 146,588,782 -- 146,588,782 Finland..................... -- 151,083,698 -- 151,083,698 France...................... -- 329,809,245 -- 329,809,245 Germany..................... -- 313,006,454 -- 313,006,454 Japan....................... -- 455,832,275 -- 455,832,275 Netherlands................. -- 1,008,888,420 -- 1,008,888,420 Norway...................... -- 579,382,675 -- 579,382,675 Singapore................... -- 213,126,312 -- 213,126,312 Supranational Organization Obligations............... -- 674,767,535 -- 674,767,535 Sweden...................... -- 749,515,870 -- 749,515,870 United Kingdom.............. -- 186,523,495 -- 186,523,495 United States............... -- 2,578,193,710 -- 2,578,193,710 Agency Obligations............. -- 284,269,841 -- 284,269,841 U.S. Treasury Obligations...... -- 78,737,334 -- 78,737,334 Securities Lending Collateral.. -- 472,214,115 -- 472,214,115 Forward Currency Contracts**... -- 14,783,282 -- 14,783,282 -- --------------- -- --------------- TOTAL.......................... -- $10,640,789,952 -- $10,640,789,952 == =============== == ===============
** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 778 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ---------- ----------- BONDS -- (98.2%) AUSTRIA -- (3.5%) Austria Government Bond 3.400%, 11/22/22................................... EUR 6,545 $ 9,202,543 1.750%, 10/20/23................................... EUR 600 761,902 1.650%, 10/21/24................................... EUR 3,200 4,041,678 ----------- TOTAL AUSTRIA.......................................... 14,006,123 ----------- BELGIUM -- (3.6%) Belgium Government Bond 2.250%, 06/22/23................................... EUR 6,200 8,074,385 5.500%, 03/28/28................................... EUR 3,550 6,367,051 ----------- TOTAL BELGIUM.......................................... 14,441,436 ----------- CANADA -- (11.9%) Alberta, Province of Canada 2.550%, 12/15/22................................... CAD 8,350 7,051,272 British Columbia, Province of Canada 2.700%, 12/18/22................................... CAD 12,000 10,266,814 2.850%, 06/18/25................................... CAD 4,000 3,411,128 Canadian Government Bond 1.500%, 06/01/23................................... CAD 2,000 1,629,716 Manitoba, Province of Canada 2.550%, 06/02/23................................... CAD 7,250 6,064,907 3.300%, 06/02/24................................... CAD 4,750 4,183,304 Ontario, Province of Canada 1.875%, 05/21/24................................... EUR 5,100 6,368,470 6.500%, 03/08/29................................... CAD 7,000 8,222,728 ----------- TOTAL CANADA........................................... 47,198,339 ----------- DENMARK -- (3.8%) Denmark Government Bond 1.500%, 11/15/23................................... DKK 28,300 4,781,507 1.750%, 11/15/25................................... DKK 59,700 10,372,995 ----------- TOTAL DENMARK.......................................... 15,154,502 ----------- FINLAND -- (3.8%) Finland Government Bond 1.500%, 04/15/23................................... EUR 7,500 9,312,581 2.750%, 07/04/28................................... EUR 4,000 5,733,257 ----------- TOTAL FINLAND.......................................... 15,045,838 ----------- FRANCE -- (16.1%) Caisse d'Amortissement de la Dette Sociale 2.500%, 10/25/22................................... EUR 1,400 1,836,766 1.375%, 11/25/24................................... EUR 1,500 1,820,557 France Government Bond OAT 1.750%, 05/25/23................................... EUR 9,000 11,300,657 2.250%, 05/25/24................................... EUR 9,250 12,126,841 FACE AMOUNT^ (000) VALUE+ ------------- ----------- FRANCE -- (Continued) 6.000%, 10/25/25............................. EUR 5,650 $ 9,941,251 3.500%, 04/25/26............................. EUR 8,800 12,958,808 Reseau Ferre de France 3.125%, 10/25/28............................. EUR 2,600 3,728,923 SNCF Reseau 5.500%, 12/01/21............................. GBP 3,000 5,662,967 Societe Nationale des Chemins de Fer Francais 5.375%, 03/18/27............................. GBP 1,600 3,181,771 UNEDIC 2.375%, 05/25/24............................. EUR 1,000 1,317,392 ----------- TOTAL FRANCE......................................... 63,875,933 ----------- GERMANY -- (2.0%) Bundesrepublik Deutschland 1.000%, 08/15/24............................. EUR 750 905,096 4.750%, 07/04/28............................. EUR 2,950 5,190,258 KFW 5.550%, 06/07/21............................. GBP 900 1,709,249 ----------- TOTAL GERMANY........................................ 7,804,603 ----------- JAPAN -- (8.0%) Japan Government Ten Year Bond 1.400%, 03/20/20............................. JPY 1,828,000 16,641,042 1.200%, 06/20/21............................. JPY 1,197,000 10,927,225 0.800%, 06/20/23............................. JPY 150,000 1,342,324 Japan Government Twenty Year Bond 0.800%, 06/20/23............................. JPY 310,000 2,774,137 ----------- TOTAL JAPAN.......................................... 31,684,728 ----------- LUXEMBOURG -- (1.2%) Grand Duchy of Luxembourg 2.125%, 07/10/23............................. EUR 3,800 4,913,327 ----------- NETHERLANDS -- (8.8%) Bank Nederlandse Gemeenten NV 5.375%, 06/07/21............................. GBP 600 1,120,901 2.250%, 08/30/22............................. EUR 2,300 2,950,698 2.250%, 07/17/23............................. EUR 4,000 5,171,421 1.125%, 09/04/24............................. EUR 3,400 4,029,658 Deutsche Bahn Finance BV 2.750%, 06/20/22............................. GBP 300 486,234 Nederlandse Waterschapsbank NV 3.000%, 11/16/23............................. EUR 4,700 6,411,342 Netherlands Government Bond 2.000%, 07/15/24............................. EUR 7,750 10,061,673 5.500%, 01/15/28............................. EUR 2,500 4,563,165 ----------- TOTAL NETHERLANDS.................................... 34,795,092 ----------- 779 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ----------- ----------- NEW ZEALAND -- (2.0%) New Zealand Government Bond 3.000%, 04/15/20................................. NZD 5,600 $ 4,044,089 6.000%, 05/15/21................................. NZD 4,500 3,797,189 ----------- TOTAL NEW ZEALAND..................................... 7,841,278 ----------- NORWAY -- (1.7%) Norway Government Bond 3.750%, 05/25/21................................. NOK 30,900 4,685,550 2.000%, 05/24/23................................. NOK 16,000 2,205,701 ----------- TOTAL NORWAY.......................................... 6,891,251 ----------- SINGAPORE -- (4.0%) Singapore Government Bond 3.250%, 09/01/20................................. SGD 3,800 3,059,112 3.125%, 09/01/22................................. SGD 4,570 3,705,723 2.750%, 07/01/23................................. SGD 10,930 8,638,094 3.000%, 09/01/24................................. SGD 400 324,524 ----------- TOTAL SINGAPORE....................................... 15,727,453 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (9.9%) European Financial Stability Facility 2.250%, 09/05/22................................. EUR 1,700 2,195,820 1.750%, 06/27/24................................. EUR 5,325 6,711,976 European Investment Bank 5.375%, 06/07/21................................. GBP 880 1,654,796 2.250%, 10/14/22................................. EUR 2,500 3,244,670 2.500%, 10/31/22................................. GBP 3,380 5,518,091 2.750%, 09/15/25................................. EUR 500 692,945 1.900%, 01/26/26................................. JPY 256,000 2,558,260 European Union 3.000%, 09/04/26................................. EUR 6,925 9,842,260 2.875%, 04/04/28................................. EUR 3,460 4,925,005 International Bank for Reconstruction & Development 5.000%, 03/07/22................................. AUD 1,400 1,245,631 Nordic Investment Bank 5.000%, 04/19/22................................. AUD 600 532,617 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS.......... 39,122,071 ----------- SWEDEN -- (2.4%) Sweden Government Bond 1.500%, 11/13/23................................. SEK 71,500 9,356,820 ----------- UNITED KINGDOM -- (15.5%) Network Rail Infrastructure Finance P.L.C. 4.625%, 07/21/20................................. GBP 650 1,159,182 United Kingdom Gilt 1.750%, 09/07/22................................. GBP 10,070 15,788,946 2.250%, 09/07/23................................. GBP 6,950 11,293,925 FACE AMOUNT^ (000) VALUE+ ---------- ------------ UNITED KINGDOM -- (Continued) 2.750%, 09/07/24................................. GBP 2,800 $ 4,744,364 4.250%, 12/07/27................................. GBP 14,400 28,575,863 ------------ TOTAL UNITED KINGDOM................................. 61,562,280 ------------ TOTAL BONDS.......................................... 389,421,074 ------------ AGENCY OBLIGATIONS -- (1.8%) Federal Home Loan Bank 5.750%, 06/12/26................................. 100 134,058 Federal Home Loan Mortgage Corporation 2.375%, 01/13/22................................. 4,700 4,901,884 Tennessee Valley Authority 5.350%, 06/07/21................................. GBP 400 733,460 6.750%, 11/01/25................................. 1,030 1,456,065 ------------ TOTAL AGENCY OBLIGATIONS............................. 7,225,467 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $418,170,298)^^.............................. $396,646,541 ============ 780 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------- Bonds Austria.......................... -- $ 14,006,123 -- $ 14,006,123 Belgium.......................... -- 14,441,436 -- 14,441,436 Canada........................... -- 47,198,339 -- 47,198,339 Denmark.......................... -- 15,154,502 -- 15,154,502 Finland.......................... -- 15,045,838 -- 15,045,838 France........................... -- 63,875,933 -- 63,875,933 Germany.......................... -- 7,804,603 -- 7,804,603 Japan............................ -- 31,684,728 -- 31,684,728 Luxembourg....................... -- 4,913,327 -- 4,913,327 Netherlands...................... -- 34,795,092 -- 34,795,092 New Zealand...................... -- 7,841,278 -- 7,841,278 Norway........................... -- 6,891,251 -- 6,891,251 Singapore........................ -- 15,727,453 -- 15,727,453 Supranational Organization Obligations.................... -- 39,122,071 -- 39,122,071 Sweden........................... -- 9,356,820 -- 9,356,820 United Kingdom................... -- 61,562,280 -- 61,562,280 Agency Obligations.................. -- 7,225,467 -- 7,225,467 Forward Currency Contracts**........ -- 15,694,769 -- 15,694,769 -- ------------ -- ------------- TOTAL............................... -- $412,341,310 -- $412,341,310 == ============ == ============= ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 781 DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ -------- ------------ AGENCY OBLIGATIONS -- (55.8%) Federal Farm Credit Bank 5.100%, 09/03/19.................................... $ 9,000 $ 10,566,882 5.320%, 09/03/19.................................... 21,300 24,956,805 5.150%, 11/15/19.................................... 11,200 13,159,384 4.670%, 05/07/20.................................... 5,600 6,511,719 5.350%, 08/07/20.................................... 6,700 8,073,654 3.650%, 12/21/20.................................... 44,000 48,675,088 5.250%, 03/02/21.................................... 6,100 7,302,096 5.220%, 02/22/22.................................... 5,000 6,199,980 5.210%, 12/19/22.................................... 21,200 26,701,803 5.250%, 03/06/23.................................... 6,000 7,659,210 5.220%, 05/15/23.................................... 48,100 60,447,078 Federal Home Loan Bank 5.000%, 11/17/17.................................... 60,600 67,614,329 3.125%, 12/08/17.................................... 30,000 31,758,570 1.250%, 06/08/18.................................... 17,200 17,330,066 4.750%, 06/08/18.................................... 5,835 6,566,668 2.000%, 09/14/18.................................... 41,800 43,200,175 1.750%, 12/14/18.................................... 45,000 46,199,250 1.500%, 03/08/19.................................... 36,000 36,462,996 1.875%, 03/08/19.................................... 53,000 54,635,792 5.375%, 05/15/19.................................... 49,575 58,391,468 1.625%, 06/14/19.................................... 53,830 54,623,616 5.125%, 08/15/19.................................... 5,295 6,196,844 1.375%, 09/13/19.................................... 5,000 5,019,380 4.500%, 09/13/19.................................... 36,970 42,285,990 4.125%, 12/13/19.................................... 26,000 29,385,486 1.875%, 03/13/20.................................... 103,000 105,586,639 4.125%, 03/13/20.................................... 149,030 168,817,011 3.000%, 03/18/20.................................... 18,080 19,504,831 3.375%, 06/12/20.................................... 28,500 31,423,615 2.875%, 09/11/20.................................... 14,700 15,874,398 4.625%, 09/11/20.................................... 25,650 29,940,347 3.125%, 12/11/20.................................... 6,000 6,514,188 5.250%, 12/11/20.................................... 7,550 9,144,062 1.750%, 03/12/21.................................... 40,440 41,002,723 5.000%, 03/12/21.................................... 5,200 6,192,722 2.250%, 06/11/21.................................... 70,000 72,563,890 3.625%, 06/11/21.................................... 10,035 11,239,973 5.625%, 06/11/21.................................... 36,980 46,052,303 2.375%, 09/10/21.................................... 39,350 40,974,683 3.000%, 09/10/21.................................... 31,230 33,739,299 2.625%, 12/10/21.................................... 107,595 113,387,807 5.000%, 12/10/21.................................... 45,500 54,687,451 2.250%, 03/11/22.................................... 10,000 10,346,850 2.500%, 03/11/22.................................... 11,000 11,528,528 5.250%, 06/10/22.................................... 8,250 10,204,895 5.750%, 06/10/22.................................... 19,500 24,631,230 2.000%, 09/09/22.................................... 16,225 16,353,323 5.375%, 09/30/22.................................... 63,380 79,353,535 5.250%, 12/09/22.................................... 15,000 18,699,555 FACE AMOUNT (000) VALUE+ ----------- -------------- 4.750%, 03/10/23.............................. $ 49,200 $ 59,576,477 3.250%, 06/09/23.............................. 35,000 38,423,490 5.375%, 08/15/24.............................. 9,000 11,485,179 5.365%, 09/09/24.............................. 2,000 2,559,258 4.375%, 03/13/26.............................. 20,100 24,215,575 5.750%, 06/12/26.............................. 6,000 8,043,492 Tennessee Valley Authority 6.250%, 12/15/17.............................. 46,000 52,700,452 4.500%, 04/01/18.............................. 44,700 49,567,875 3.875%, 02/15/21.............................. 105,982 119,833,317 1.875%, 08/15/22.............................. 127,693 126,672,861 2.875%, 09/15/24.............................. 118,995 126,281,659 6.750%, 11/01/25.............................. 33,420 47,244,350 -------------- TOTAL AGENCY OBLIGATIONS........................... 2,364,292,172 -------------- U.S. TREASURY OBLIGATIONS -- (43.8%) U.S. Treasury Bonds 9.000%, 11/15/18.............................. 86,500 112,504,063 8.875%, 02/15/19.............................. 16,000 21,024,992 8.125%, 08/15/19.............................. 165,500 217,128,222 8.750%, 08/15/20.............................. 85,200 119,439,750 8.125%, 05/15/21.............................. 116,100 163,311,020 8.125%, 08/15/21.............................. 119,500 169,960,787 7.250%, 08/15/22.............................. 80,000 113,324,960 6.250%, 08/15/23.............................. 116,000 159,753,808 7.500%, 11/15/24.............................. 83,300 127,722,307 6.875%, 08/15/25.............................. 33,000 49,592,796 6.000%, 02/15/26.............................. 37,000 52,811,728 6.750%, 08/15/26.............................. 47,500 72,181,428 6.625%, 02/15/27.............................. 29,000 44,100,387 5.250%, 11/15/28.............................. 32,000 44,855,008 5.250%, 02/15/29.............................. 27,000 37,964,538 U.S. Treasury Notes 2.250%, 07/31/18.............................. 28,800 30,114,000 1.375%, 09/30/18.............................. 84,600 85,908,677 3.625%, 02/15/20.............................. 45,000 50,378,895 2.000%, 09/30/20.............................. 57,000 59,146,392 3.125%, 05/15/21.............................. 116,000 127,980,596 -------------- TOTAL U.S. TREASURY OBLIGATIONS.................... 1,859,204,354 -------------- SHARES ----------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund........................... 17,460,923 17,460,923 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,016,934,727)^^.......................... $4,240,957,449 ============== 782 DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Agency Obligations........... -- $2,364,292,172 -- $2,364,292,172 U.S. Treasury Obligations.... -- 1,859,204,354 -- 1,859,204,354 Temporary Cash Investments... $17,460,923 -- -- 17,460,923 ----------- -------------- -- -------------- TOTAL........................ $17,460,923 $4,223,496,526 -- $4,240,957,449 =========== ============== == ============== 783 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------- ------------ AGENCY OBLIGATIONS -- (2.5%) Federal Home Loan Bank 4.875%, 05/17/17................................... $15,320 $ 16,769,242 1.875%, 03/08/19................................... 8,000 8,246,912 Federal Home Loan Mortgage Corporation 5.000%, 04/18/17................................... 12,998 14,251,085 # 1.250%, 05/12/17................................... 4,642 4,703,534 # 1.000%, 07/28/17................................... 5,571 5,616,237 1.000%, 09/29/17................................... 854 860,089 # 1.750%, 05/30/19................................... 5,000 5,145,255 Federal National Mortgage Association # 4.875%, 12/15/16................................... 13,927 15,094,932 1.250%, 01/30/17................................... 4,642 4,705,767 5.000%, 02/13/17................................... 4,642 5,055,783 # 1.875%, 09/18/18................................... 9,285 9,558,118 # 1.875%, 02/19/19................................... 10,000 10,334,330 Tennessee Valley Authority 1.750%, 10/15/18................................... 9,285 9,494,052 ------------ TOTAL AGENCY OBLIGATIONS............................... 109,835,336 ------------ BONDS -- (91.3%) 3M Co. 1.375%, 09/29/16................................... 3,285 3,332,255 1.000%, 06/26/17................................... 6,499 6,539,047 ABB Finance USA, Inc. # 1.625%, 05/08/17................................... 2,453 2,477,280 AbbVie, Inc. 1.200%, 11/06/15................................... 4,642 4,656,775 ACE INA Holdings, Inc. 5.600%, 05/15/15................................... 3,312 3,356,825 2.600%, 11/23/15................................... 15,784 16,038,359 Actavis, Inc. # 1.875%, 10/01/17................................... 16,563 16,620,772 Aetna, Inc. 2.200%, 03/15/19................................... 10,979 11,133,925 Aflac, Inc. # 3.450%, 08/15/15................................... 383 388,922 2.650%, 02/15/17................................... 19,654 20,338,509 African Development Bank 1.125%, 03/15/17................................... 6,499 6,559,070 Agilent Technologies, Inc. 6.500%, 11/01/17................................... 1,962 2,186,782 Air Products & Chemicals, Inc. 2.000%, 08/02/16................................... 11,931 12,150,459 Allergan, Inc. 5.750%, 04/01/16................................... 516 543,780 Altria Group, Inc. 4.125%, 09/11/15................................... 7,910 8,085,665 Amazon.com, Inc. 0.650%, 11/27/15................................... 4,957 4,961,565 FACE AMOUNT (000) VALUE+ ------- ----------- # 2.600%, 12/05/19................................... $13,090 $13,450,237 American Express Credit Corp. # 2.800%, 09/19/16................................... 19,219 19,828,819 American Honda Finance Corp. # 2.125%, 10/10/18................................... 28,504 29,133,226 American International Group, Inc. 5.600%, 10/18/16................................... 12,558 13,500,980 5.850%, 01/16/18................................... 7,209 8,122,676 2.300%, 07/16/19................................... 9,767 9,939,134 Ameriprise Financial, Inc. 5.650%, 11/15/15................................... 928 962,574 Anadarko Petroleum Corp. 5.950%, 09/15/16................................... 17,584 18,807,794 Anheuser-Busch Cos., LLC 5.050%, 10/15/16................................... 4,924 5,263,042 Anheuser-Busch InBev Worldwide, Inc. # 1.375%, 07/15/17................................... 22,283 22,484,572 Anthem, Inc. 5.875%, 06/15/17................................... 1,519 1,671,631 Aon Corp. 3.500%, 09/30/15................................... 1,000 1,018,063 Apache Corp. # 5.625%, 01/15/17................................... 6,834 7,398,044 1.750%, 04/15/17................................... 4,642 4,665,971 Apple, Inc. 1.000%, 05/03/18................................... 7,428 7,397,530 # 2.100%, 05/06/19................................... 45,000 46,437,795 Applied Materials, Inc. 2.650%, 06/15/16................................... 3,850 3,933,976 Asian Development Bank 1.125%, 03/15/17................................... 4,642 4,686,391 1.750%, 09/11/18................................... 8,286 8,473,181 1.875%, 04/12/19................................... 20,000 20,511,180 Assurant, Inc. 2.500%, 03/15/18................................... 9,285 9,484,015 AT&T, Inc. # 2.500%, 08/15/15................................... 10,522 10,630,892 # 2.400%, 08/15/16................................... 6,035 6,170,443 1.600%, 02/15/17................................... 4,642 4,678,681 Australia & New Zealand Banking Group, Ltd. 1.875%, 10/06/17................................... 4,642 4,703,219 1.450%, 05/15/18................................... 4,642 4,631,769 2.250%, 06/13/19................................... 44,905 45,937,590 Austria Government International Bond 1.750%, 06/17/16................................... 2,785 2,838,750 Autodesk, Inc. 1.950%, 12/15/17................................... 3,975 4,016,014 AutoZone, Inc. 6.950%, 06/15/16................................... 697 754,212 784 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Avnet, Inc. 6.000%, 09/01/15................................... $ 1,857 $ 1,907,967 Baker Hughes, Inc. 7.500%, 11/15/18................................... 859 1,034,615 Bank Nederlandse Gemeenten NV 1.375%, 09/27/17................................... 12,998 13,150,155 1.375%, 03/19/18................................... 23,210 23,405,103 Bank of America Corp. 4.500%, 04/01/15................................... 9,285 9,343,616 3.750%, 07/12/16................................... 9,285 9,621,052 2.000%, 01/11/18................................... 5,385 5,421,968 # 2.650%, 04/01/19................................... 6,000 6,139,056 Bank of Montreal # 2.375%, 01/25/19................................... 305 313,294 Bank of New York Mellon Corp. (The) 5.450%, 05/15/19................................... 3,700 4,248,910 Bank of Nova Scotia (The) 2.900%, 03/29/16................................... 9,285 9,533,197 # 2.050%, 06/05/19................................... 2,000 2,010,200 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) ## 2.350%, 09/08/19................................... 12,000 12,154,260 Barclays Bank P.L.C. 3.900%, 04/07/15................................... 350 352,131 5.000%, 09/22/16................................... 300 319,795 Barclays P.L.C. # 2.750%, 11/08/19................................... 29,550 30,162,099 Baxter International, Inc. 1.850%, 06/15/18................................... 18,170 18,357,478 BB&T Corp. 2.150%, 03/22/17................................... 5,339 5,447,964 1.450%, 01/12/18................................... 1,834 1,840,204 2.450%, 01/15/20................................... 8,715 8,926,243 Beam Suntory, Inc. 1.750%, 06/15/18................................... 18,569 18,623,983 Becton Dickinson and Co. 1.750%, 11/08/16................................... 2,359 2,389,183 Berkshire Hathaway Finance Corp. # 0.950%, 08/15/16................................... 7,285 7,339,397 1.600%, 05/15/17................................... 928 942,947 1.300%, 05/15/18................................... 1,486 1,492,246 Berkshire Hathaway, Inc. # 2.200%, 08/15/16................................... 3,642 3,732,628 1.900%, 01/31/17................................... 4,642 4,738,865 # 2.100%, 08/14/19................................... 27,500 28,274,290 BHP Billiton Finance USA, Ltd. # 1.625%, 02/24/17................................... 10,698 10,838,101 BNP Paribas SA 3.250%, 03/11/15................................... 3,714 3,726,338 1.250%, 12/12/16................................... 18,569 18,654,139 2.375%, 09/14/17................................... 3,273 3,348,596 FACE AMOUNT (000) VALUE+ ------- ----------- Boeing Capital Corp. # 2.900%, 08/15/18................................... $ 7,091 $ 7,460,285 Boston Scientific Corp. 6.400%, 06/15/16................................... 928 991,890 BP Capital Markets P.L.C. 3.125%, 10/01/15................................... 5,292 5,379,212 # 2.248%, 11/01/16................................... 8,450 8,613,905 1.846%, 05/05/17................................... 3,241 3,281,234 4.750%, 03/10/19................................... 1,000 1,106,878 BPCE SA 2.250%, 01/27/20................................... 5,475 5,481,570 Branch Banking & Trust Co. # 2.300%, 10/15/18................................... 13,927 14,332,262 Bristol-Myers Squibb Co. 1.750%, 03/01/19................................... 8,000 8,102,504 British Columbia, Province of Canada 2.100%, 05/18/16................................... 4,642 4,743,414 1.200%, 04/25/17................................... 9,285 9,373,226 British Telecommunications P.L.C. 2.000%, 06/22/15................................... 11,341 11,403,546 1.250%, 02/14/17................................... 3,528 3,528,713 Brown-Forman Corp. 1.000%, 01/15/18................................... 6,425 6,374,242 Buckeye Partners L.P. 2.650%, 11/15/18................................... 3,389 3,390,688 Caisse d'Amortissement de la Dette Sociale 2.125%, 04/12/17................................... 13,741 14,138,816 Canada Government International Bond 0.875%, 02/14/17................................... 9,285 9,342,251 Canadian Imperial Bank of Commerce 0.900%, 10/01/15................................... 10,544 10,581,115 Canadian National Railway Co. 1.450%, 12/15/16................................... 464 469,655 Canadian Natural Resources, Ltd. # 5.700%, 05/15/17................................... 7,627 8,281,351 Capital One Bank USA NA 2.300%, 06/05/19................................... 5,000 5,045,510 Capital One Financial Corp. 2.450%, 04/24/19................................... 13,289 13,474,926 Cardinal Health, Inc. 1.700%, 03/15/18................................... 8,031 8,072,585 Caterpillar Financial Services Corp. 2.650%, 04/01/16................................... 5,428 5,561,974 1.000%, 11/25/16................................... 9,285 9,336,652 # 2.450%, 09/06/18................................... 7,079 7,336,817 CBS Corp. 1.950%, 07/01/17................................... 8,064 8,160,994 # 2.300%, 08/15/19................................... 15,779 15,908,956 785 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Celgene Corp. # 2.450%, 10/15/15................................... $ 3,858 $ 3,903,706 2.250%, 05/15/19................................... 3,000 3,047,250 Cenovus Energy, Inc. 5.700%, 10/15/19................................... 11,000 12,069,112 CenterPoint Energy Resources Corp. 6.125%, 11/01/17................................... 511 574,135 CF Industries, Inc. 6.875%, 05/01/18................................... 11,847 13,562,611 Charles Schwab Corp. (The) 2.200%, 07/25/18................................... 4,828 4,948,000 Chevron Corp. # 1.104%, 12/05/17................................... 4,967 4,967,556 1.718%, 06/24/18................................... 24,743 25,125,749 Cigna Corp. 2.750%, 11/15/16................................... 9,586 9,879,552 Cisco Systems, Inc. # 2.125%, 03/01/19................................... 27,000 27,723,762 Citigroup, Inc. 4.450%, 01/10/17................................... 6,499 6,884,729 6.000%, 08/15/17................................... 6,499 7,196,843 2.500%, 09/26/18................................... 6,499 6,635,141 2.550%, 04/08/19................................... 10,000 10,209,090 CNA Financial Corp. # 7.350%, 11/15/19................................... 7,959 9,733,929 Coca-Cola Co. (The) 1.650%, 11/01/18................................... 19,307 19,605,119 Colgate-Palmolive Co. 1.500%, 11/01/18................................... 5,107 5,178,503 1.750%, 03/15/19................................... 1,750 1,778,959 Comcast Corp. # 6.500%, 01/15/17................................... 14,559 16,132,202 # 6.300%, 11/15/17................................... 3,714 4,224,916 5.700%, 05/15/18................................... 6,499 7,386,471 Comerica, Inc. 3.000%, 09/16/15................................... 1,857 1,882,690 2.125%, 05/23/19................................... 2,300 2,319,463 Commonwealth Bank of Australia 1.900%, 09/18/17................................... 10,213 10,362,518 2.500%, 09/20/18................................... 11,884 12,240,758 2.250%, 03/13/19................................... 5,000 5,110,165 # 2.300%, 09/06/19................................... 43,083 43,912,520 Computer Sciences Corp. 6.500%, 03/15/18................................... 8,683 9,711,744 ConAgra Foods, Inc. 1.900%, 01/25/18................................... 19,083 19,094,564 ConocoPhillips Co. # 1.050%, 12/15/17................................... 17,314 17,245,991 Constellation Energy Group, Inc. 4.550%, 06/15/15................................... 9,020 9,158,917 FACE AMOUNT (000) VALUE+ ------- ----------- Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 2.125%, 10/13/15................................... $14,287 $14,457,115 2.250%, 01/14/19................................... 43,557 44,358,057 Costco Wholesale Corp. 1.125%, 12/15/17................................... 15,784 15,826,238 Council Of Europe Development Bank # 1.500%, 06/19/17................................... 12,070 12,267,127 CR Bard, Inc. 1.375%, 01/15/18................................... 3,598 3,587,249 Crane Co. 2.750%, 12/15/18................................... 7,897 8,100,332 Credit Suisse New York 3.500%, 03/23/15................................... 1,853 1,861,505 # 2.300%, 05/28/19................................... 24,750 25,157,979 CVS Health Corp. 5.750%, 06/01/17................................... 280 310,008 # 2.250%, 12/05/18................................... 8,322 8,537,948 DCP Midstream Operating L.P. 2.700%, 04/01/19................................... 6,000 5,778,366 Deutsche Bank AG # 6.000%, 09/01/17................................... 11,188 12,463,958 Deutsche Telekom International Finance BV 6.000%, 07/08/19................................... 4,000 4,691,344 Development Bank of Japan, Inc. 2.875%, 04/20/15................................... 1,900 1,910,488 1.875%, 10/03/18................................... 7,706 7,867,726 Dexia Credit Local SA 2.250%, 01/30/19................................... 15,000 15,402,405 Diageo Capital P.L.C. # 1.500%, 05/11/17................................... 9,545 9,649,670 Diamond Offshore Drilling, Inc. 4.875%, 07/01/15................................... 1,434 1,456,456 DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. 3.550%, 03/15/15................................... 8,356 8,385,020 Dollar General Corp. # 1.875%, 04/15/18................................... 11,957 11,826,968 Dominion Resources, Inc. 1.950%, 08/15/16................................... 13,927 14,129,610 2.500%, 12/01/19................................... 5,167 5,300,748 Dover Corp. 4.875%, 10/15/15................................... 5,571 5,747,127 Dow Chemical Co. (The) 2.500%, 02/15/16................................... 7,103 7,224,923 Dr. Pepper Snapple Group, Inc. 2.900%, 01/15/16................................... 11,168 11,391,650 DTE Energy Co. 2.400%, 12/01/19................................... 2,717 2,777,396 Duke Energy Corp. 3.350%, 04/01/15................................... 2,066 2,075,613 786 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- # 1.625%, 08/15/17................................... $10,306 $10,412,306 Eastman Chemical Co. 3.000%, 12/15/15................................... 4,113 4,190,222 2.400%, 06/01/17................................... 7,892 8,064,582 eBay, Inc. 1.625%, 10/15/15................................... 2,135 2,150,135 1.350%, 07/15/17................................... 1,592 1,586,667 2.200%, 08/01/19................................... 3,500 3,515,400 Ecolab, Inc. 1.000%, 08/09/15................................... 9,285 9,305,483 EI du Pont de Nemours & Co. 6.000%, 07/15/18................................... 9,187 10,527,751 4.625%, 01/15/20................................... 1,441 1,623,013 EMC Corp. 1.875%, 06/01/18................................... 32,225 32,605,932 Enbridge Energy Partners L.P. 5.875%, 12/15/16................................... 928 1,002,513 Encana Corp. 5.900%, 12/01/17................................... 5,975 6,499,969 Enterprise Products Operating LLC 5.000%, 03/01/15................................... 928 930,937 1.250%, 08/13/15................................... 2,785 2,789,941 3.200%, 02/01/16................................... 4,642 4,702,926 EOG Resources, Inc. 2.950%, 06/01/15................................... 4,642 4,677,094 2.500%, 02/01/16................................... 1,180 1,199,400 5.875%, 09/15/17................................... 9,145 10,174,160 EUROFIMA 5.250%, 04/07/16................................... 4,642 4,901,107 European Investment Bank 4.875%, 01/17/17................................... 4,642 5,023,391 # 1.625%, 06/15/17................................... 3,714 3,790,479 1.125%, 09/15/17................................... 2,785 2,808,422 1.875%, 03/15/19................................... 5,000 5,138,040 Exelon Corp. 4.900%, 06/15/15................................... 12,534 12,724,504 Export Development Canada 1.250%, 10/26/16................................... 10,215 10,339,746 Express Scripts Holding Co. 3.125%, 05/15/16................................... 12,070 12,397,025 2.250%, 06/15/19................................... 6,000 6,056,010 Exxon Mobil Corp. # 1.819%, 03/15/19................................... 26,614 27,265,431 Fifth Third Bancorp 3.625%, 01/25/16................................... 13,634 13,987,543 # 2.300%, 03/01/19................................... 10,000 10,162,670 Fifth Third Bank 1.450%, 02/28/18................................... 3,000 2,998,296 Finland Government International Bond 2.250%, 03/17/16................................... 6,499 6,638,046 FMS Wertmanagement AoeR 1.000%, 11/21/17................................... 23,211 23,279,171 FACE AMOUNT (000) VALUE+ ------- ----------- Ford Motor Credit Co. LLC 5.000%, 05/15/18................................... $19,777 $21,638,767 Freeport-McMoRan, Inc. 2.150%, 03/01/17................................... 3,881 3,857,039 General Dynamics Corp. # 1.000%, 11/15/17................................... 7,149 7,143,145 General Electric Capital Corp. 2.250%, 11/09/15................................... 1,857 1,884,019 2.950%, 05/09/16................................... 714 735,368 Georgia Power Co. 0.750%, 08/10/15................................... 13,347 13,359,733 5.250%, 12/15/15................................... 2,823 2,938,859 GlaxoSmithKline Capital P.L.C. 1.500%, 05/08/17................................... 19,442 19,676,257 Goldman Sachs Group, Inc. (The) 3.625%, 02/07/16................................... 13,927 14,298,322 6.250%, 09/01/17................................... 925 1,031,085 Google, Inc. # 2.125%, 05/19/16................................... 13,648 13,961,713 Halliburton Co. 1.000%, 08/01/16................................... 8,444 8,467,137 Hartford Financial Services Group, Inc. (The) 4.000%, 03/30/15................................... 1,857 1,866,928 Hershey Co. (The) 4.850%, 08/15/15................................... 464 475,210 1.500%, 11/01/16................................... 4,642 4,710,627 Hess Corp. 8.125%, 02/15/19................................... 5,738 6,852,503 Hewlett-Packard Co. 2.200%, 12/01/15................................... 4,924 4,978,253 2.600%, 09/15/17................................... 928 954,549 5.500%, 03/01/18................................... 4,642 5,170,891 2.750%, 01/14/19................................... 4,410 4,535,641 Hillshire Brands Co. (The) 2.750%, 09/15/15................................... 928 936,919 Home Depot, Inc. (The) 5.400%, 03/01/16................................... 836 880,094 # 2.000%, 06/15/19................................... 10,000 10,225,300 HSBC Finance Corp. 5.500%, 01/19/16................................... 1,857 1,939,009 HSBC USA, Inc. 1.625%, 01/16/18................................... 14,670 14,782,475 2.375%, 11/13/19................................... 3,000 3,063,315 Humana, Inc. 2.625%, 10/01/19................................... 4,300 4,398,620 Huntington Bancshares, Inc. # 2.600%, 08/02/18................................... 25,712 26,258,560 Intel Corp. 1.950%, 10/01/16................................... 6,141 6,279,136 Inter-American Development Bank 1.125%, 03/15/17................................... 761 769,234 0.875%, 03/15/18................................... 9,285 9,271,741 787 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Intercontinental Exchange, Inc. 2.500%, 10/15/18....................................... $12,472 $12,880,009 International Bank for Reconstruction & Development 1.000%, 09/15/16....................................... 1,857 1,871,538 0.875%, 04/17/17....................................... 11,141 11,225,582 International Business Machines Corp. 1.250%, 02/08/18....................................... 1,200 1,206,066 # 1.950%, 02/12/19....................................... 11,963 12,226,461 # 1.875%, 05/15/19....................................... 5,045 5,151,560 International Finance Corp. 0.875%, 06/15/18....................................... 2,785 2,769,763 Intesa Sanpaolo SpA 3.875%, 01/16/18....................................... 2,010 2,115,716 Japan Bank for International Cooperation 2.250%, 07/13/16....................................... 4,642 4,755,172 1.750%, 07/31/18....................................... 4,642 4,717,182 Japan Finance Organization for Municipalities 2.500%, 09/12/18....................................... 7,700 7,966,197 2.125%, 03/06/19....................................... 5,000 5,108,865 Jefferies Group LLC 5.125%, 04/13/18....................................... 1,741 1,841,894 Jersey Central Power & Light Co. 7.350%, 02/01/19....................................... 8,885 10,640,960 John Deere Capital Corp. # 2.000%, 01/13/17....................................... 6,128 6,261,045 Johnson & Johnson # 2.150%, 05/15/16....................................... 1,857 1,898,948 Johnson Controls, Inc. 5.500%, 01/15/16....................................... 5,841 6,103,261 2.600%, 12/01/16....................................... 5,199 5,340,449 JPMorgan Chase & Co. # 3.400%, 06/24/15....................................... 2,321 2,347,418 3.150%, 07/05/16....................................... 11,141 11,460,167 2.000%, 08/15/17....................................... 1,625 1,647,132 6.300%, 04/23/19....................................... 2,196 2,577,627 2.250%, 01/23/20....................................... 7,525 7,561,451 Kellogg Co. # 1.875%, 11/17/16....................................... 4,814 4,890,090 1.750%, 05/17/17....................................... 4,076 4,123,624 KeyBank NA 1.100%, 11/25/16....................................... 6,141 6,157,783 1.650%, 02/01/18....................................... 2,000 2,010,270 2.500%, 12/15/19....................................... 4,995 5,138,167 KeyCorp # 3.750%, 08/13/15....................................... 6,550 6,658,769 KFW 2.000%, 06/01/16....................................... 928 947,632 4.875%, 01/17/17....................................... 4,642 5,023,976 1.250%, 02/15/17....................................... 12,998 13,155,497 FACE AMOUNT (000) VALUE+ ------- ----------- # 0.875%, 09/05/17....................................... $ 4,642 $ 4,652,769 1.875%, 04/01/19....................................... 7,000 7,205,177 Kimberly-Clark Corp. 1.900%, 05/22/19....................................... 4,700 4,773,019 Kinder Morgan Energy Partners L.P. 3.500%, 03/01/16....................................... 10,213 10,448,165 KLA-Tencor Corp. 3.375%, 11/01/19....................................... 4,010 4,183,986 Kohl's Corp. # 6.250%, 12/15/17....................................... 4,642 5,211,829 Kommunalbanken A.S. 2.375%, 01/19/16....................................... 1,392 1,418,565 1.000%, 09/26/17....................................... 3,714 3,723,742 1.000%, 03/15/18....................................... 27,854 27,792,860 1.750%, 05/28/19....................................... 20,000 20,338,120 Kommunekredit 1.125%, 03/15/18....................................... 9,285 9,304,981 Kommuninvest I Sverige AB 1.000%, 10/24/17....................................... 23,044 23,087,853 2.000%, 11/12/19....................................... 5,000 5,153,485 Kraft Foods Group, Inc. 1.625%, 06/04/15....................................... 10,874 10,907,492 Kroger Co. (The) # 2.300%, 01/15/19....................................... 13,289 13,538,395 Laboratory Corp. of America Holdings 2.200%, 08/23/17....................................... 21,191 21,475,871 Landeskreditbank Baden-Wuerttemberg Foerderbank 2.250%, 07/15/16....................................... 7,242 7,429,112 Landwirtschaftliche Rentenbank 0.875%, 09/12/17....................................... 11,699 11,720,550 Legg Mason, Inc. 2.700%, 07/15/19....................................... 5,000 5,112,770 Lloyds Bank P.L.C. 4.200%, 03/28/17....................................... 10,120 10,739,344 Lockheed Martin Corp. 2.125%, 09/15/16....................................... 1,230 1,256,680 Loews Corp. # 5.250%, 03/15/16....................................... 1,857 1,949,722 Lorillard Tobacco Co. 2.300%, 08/21/17....................................... 12,353 12,504,905 Lowe's Cos., Inc. 5.000%, 10/15/15....................................... 9,285 9,581,164 LyondellBasell Industries NV 5.000%, 04/15/19....................................... 8,500 9,411,098 Manufacturers & Traders Trust Co. 2.250%, 07/25/19....................................... 4,507 4,574,109 Marathon Oil Corp. 0.900%, 11/01/15....................................... 16,535 16,515,538 Marriott International, Inc. 3.000%, 03/01/19....................................... 5,435 5,663,775 788 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Marsh & McLennan Cos., Inc. # 2.300%, 04/01/17................................... $ 8,430 $ 8,596,813 2.350%, 09/10/19................................... 4,000 4,090,620 MasterCard, Inc. # 2.000%, 04/01/19................................... 25,350 26,029,380 Mattel, Inc. # 2.350%, 05/06/19................................... 19,658 19,800,678 Maxim Integrated Products, Inc. 2.500%, 11/15/18................................... 3,910 3,970,941 McDonald's Corp. 5.350%, 03/01/18................................... 3,706 4,155,297 McKesson Corp. 1.400%, 03/15/18................................... 9,599 9,578,900 Medtronic, Inc. 3.000%, 03/15/15................................... 1,035 1,038,095 Merck Sharp & Dohme Corp. 4.750%, 03/01/15................................... 2,785 2,794,333 MetLife, Inc. 5.000%, 06/15/15................................... 4,642 4,723,537 Microsoft Corp. 2.500%, 02/08/16................................... 3,288 3,363,012 # 1.625%, 12/06/18................................... 9,200 9,372,831 Molson Coors Brewing Co. # 2.000%, 05/01/17................................... 915 927,476 Mondelez International, Inc. 6.500%, 08/11/17................................... 1,000 1,126,086 Monsanto Co. 1.850%, 11/15/18................................... 27,970 28,284,103 2.125%, 07/15/19................................... 2,500 2,543,145 Morgan Stanley 3.800%, 04/29/16................................... 650 672,134 # 4.750%, 03/22/17................................... 23,738 25,356,694 7.300%, 05/13/19................................... 2,000 2,409,808 MUFG Union Bank NA 3.000%, 06/06/16................................... 25,909 26,624,347 Municipality Finance P.L.C. 2.375%, 05/16/16................................... 18,568 19,029,378 1.125%, 04/17/18................................... 23,211 23,235,372 Mylan, Inc. # 2.550%, 03/28/19................................... 12,649 12,861,212 National Australia Bank, Ltd. 1.300%, 07/25/16................................... 1,750 1,765,932 2.250%, 07/01/19................................... 17,475 17,801,765 Nederlandse Waterschapsbank NV # 2.125%, 06/16/16................................... 5,571 5,699,712 1.875%, 03/13/19................................... 60,000 61,330,620 NetApp, Inc. # 2.000%, 12/15/17................................... 9,285 9,378,110 Network Rail Infrastructure Finance P.L.C. 1.250%, 08/31/16................................... 4,271 4,320,881 Newell Rubbermaid, Inc. 6.250%, 04/15/18................................... 12,070 13,671,170 FACE AMOUNT (000) VALUE+ ------- ----------- NextEra Energy Capital Holdings, Inc. 2.600%, 09/01/15................................... $ 9,927 $10,041,776 Nippon Telegraph & Telephone Corp. 1.400%, 07/18/17................................... 1,323 1,328,108 Nisource Finance Corp. 6.400%, 03/15/18................................... 2,785 3,195,941 Noble Holding International, Ltd. # 2.500%, 03/15/17................................... 2,690 2,557,122 Nomura Holdings, Inc. 5.000%, 03/04/15................................... 2,785 2,794,979 # 2.000%, 09/13/16................................... 6,852 6,925,885 2.750%, 03/19/19................................... 20,000 20,586,700 Nordea Bank AB 2.375%, 04/04/19................................... 16,780 17,182,217 Nordic Investment Bank # 0.750%, 01/17/18................................... 10,213 10,162,241 1.875%, 06/14/19................................... 5,000 5,137,590 NRW Bank 1.875%, 07/01/19................................... 20,000 20,409,900 Nucor Corp. # 5.750%, 12/01/17................................... 2,228 2,484,316 Occidental Petroleum Corp. 2.500%, 02/01/16................................... 4,977 5,063,241 Oesterreichische Kontrollbank AG 2.000%, 06/03/16................................... 3,528 3,604,861 1.125%, 05/29/18................................... 18,569 18,614,921 Ohio Power Co. 6.000%, 06/01/16................................... 1,857 1,983,358 Omnicom Group, Inc. 5.900%, 04/15/16................................... 9,168 9,678,502 ONEOK Partners L.P. 6.150%, 10/01/16................................... 10,846 11,565,242 Ontario, Province of Canada # 4.950%, 11/28/16................................... 9,285 10,001,570 1.200%, 02/14/18................................... 28,569 28,644,651 1.650%, 09/27/19................................... 5,000 5,048,795 Oracle Corp. 5.250%, 01/15/16................................... 2,464 2,577,322 # 1.200%, 10/15/17................................... 4,735 4,757,624 Orange SA 2.125%, 09/16/15................................... 6,040 6,089,872 PACCAR Financial Corp. 1.600%, 03/15/17................................... 422 427,905 PepsiCo, Inc. 5.000%, 06/01/18................................... 8,697 9,710,870 4.500%, 01/15/20................................... 951 1,072,723 Petro-Canada # 6.050%, 05/15/18................................... 5,571 6,287,765 Pfizer, Inc. # 1.500%, 06/15/18................................... 16,248 16,494,970 # 2.100%, 05/15/19................................... 10,000 10,300,240 789 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- PG&E Corp. 2.400%, 03/01/19................................... $ 1,000 $ 1,019,702 Philip Morris International, Inc. 1.625%, 03/20/17................................... 4,642 4,715,729 Pioneer Natural Resources Co. # 6.875%, 05/01/18................................... 7,000 7,924,434 Plains All American Pipeline L.P. / PAA Finance Corp. 6.500%, 05/01/18................................... 2,917 3,329,000 PNC Bank NA 2.400%, 10/18/19................................... 8,000 8,222,728 Potash Corp. of Saskatchewan, Inc. 3.750%, 09/30/15................................... 2,785 2,838,867 3.250%, 12/01/17................................... 1,602 1,689,735 PPG Industries, Inc. 1.900%, 01/15/16................................... 3,570 3,604,865 Praxair, Inc. 1.250%, 11/07/18................................... 11,527 11,475,670 Progress Energy, Inc. 5.625%, 01/15/16................................... 1,857 1,941,753 4.875%, 12/01/19................................... 5,225 5,898,361 Prudential Financial, Inc. 3.000%, 05/12/16................................... 8,356 8,578,504 PSEG Power LLC # 2.450%, 11/15/18................................... 5,000 5,097,005 Quest Diagnostics, Inc. 5.450%, 11/01/15................................... 928 959,062 3.200%, 04/01/16................................... 1,857 1,904,355 Questar Corp. 2.750%, 02/01/16................................... 8,718 8,879,327 Qwest Corp. 6.500%, 06/01/17................................... 928 1,015,050 Raytheon Co. 6.750%, 03/15/18................................... 3,804 4,424,124 Republic Services, Inc. 3.800%, 05/15/18................................... 5,040 5,369,752 5.500%, 09/15/19................................... 5,964 6,838,340 Rio Tinto Finance USA, Ltd. 2.500%, 05/20/16................................... 7,750 7,909,696 2.250%, 09/20/16................................... 7,428 7,575,104 Roper Industries, Inc. 2.050%, 10/01/18................................... 1,750 1,759,284 Royal Bank of Canada 2.300%, 07/20/16................................... 5,107 5,223,700 1.450%, 09/09/16................................... 11,299 11,420,747 Royal Bank of Scotland Group P.L.C. 2.550%, 09/18/15................................... 16,712 16,879,488 Ryder System, Inc. 2.500%, 03/01/18................................... 3,245 3,340,494 Sanofi 1.250%, 04/10/18................................... 9,661 9,695,934 FACE AMOUNT (000) VALUE+ ------- ----------- Scripps Networks Interactive, Inc. # 2.750%, 11/15/19................................... $22,214 $22,821,264 Sempra Energy 6.500%, 06/01/16................................... 11,946 12,839,047 Shell International Finance BV # 1.125%, 08/21/17................................... 4,642 4,658,326 1.900%, 08/10/18................................... 5,000 5,098,905 2.000%, 11/15/18................................... 20,426 20,793,076 2.000%, 11/15/18................................... 2,700 2,749,648 4.300%, 09/22/19................................... 5,000 5,594,510 Societe Generale SA 2.750%, 10/12/17................................... 7,428 7,658,342 Southern Power Co. 4.875%, 07/15/15................................... 1,857 1,891,884 Southwest Airlines Co. 2.750%, 11/06/19................................... 15,392 15,841,739 Starbucks Corp. 0.875%, 12/05/16................................... 1,578 1,580,874 # 2.000%, 12/05/18................................... 15,350 15,780,767 Starwood Hotels & Resorts Worldwide, Inc. 6.750%, 05/15/18................................... 4,768 5,498,443 State Street Corp. 2.875%, 03/07/16................................... 5,571 5,716,715 Statoil ASA 1.200%, 01/17/18................................... 2,186 2,178,804 1.150%, 05/15/18................................... 3,064 3,038,109 # 1.950%, 11/08/18................................... 9,285 9,456,345 Sumitomo Mitsui Banking Corp. 2.450%, 01/10/19................................... 15,227 15,545,686 SunTrust Banks, Inc. 3.600%, 04/15/16................................... 9,285 9,578,276 Svensk Exportkredit AB 2.125%, 07/13/16................................... 9,285 9,505,426 1.750%, 05/30/17................................... 4,642 4,738,331 1.875%, 06/17/19................................... 11,000 11,243,287 Svenska Handelsbanken AB # 2.500%, 01/25/19................................... 30,942 32,007,457 # 2.250%, 06/17/19................................... 10,000 10,208,700 Symantec Corp. # 2.750%, 06/15/17................................... 4,642 4,742,717 Target Corp. 2.300%, 06/26/19................................... 9,510 9,797,411 Tech Data Corp. 3.750%, 09/21/17................................... 4,642 4,798,352 Texas Instruments, Inc. 2.375%, 05/16/16................................... 8,585 8,802,930 Thermo Fisher Scientific, Inc. 3.200%, 05/01/15................................... 1,207 1,214,797 1.850%, 01/15/18................................... 8,649 8,713,738 2.400%, 02/01/19................................... 5,789 5,907,570 Thomson Reuters Corp. 1.300%, 02/23/17................................... 7,520 7,531,784 790 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ----------- -------------- Time Warner, Inc. 5.875%, 11/15/16............................. $ 11,591 $ 12,572,665 Toronto-Dominion Bank (The) 2.375%, 10/19/16............................. 2,785 2,860,228 2.625%, 09/10/18............................. 9,285 9,640,086 # 2.125%, 07/02/19............................. 35,000 35,831,845 Total Capital International SA # 2.125%, 01/10/19............................. 10,139 10,348,340 # 2.100%, 06/19/19............................. 30,735 31,339,957 Total Capital SA # 3.125%, 10/02/15............................. 4,642 4,724,201 Total System Services, Inc. 2.375%, 06/01/18............................. 4,486 4,511,131 Toyota Motor Credit Corp. 2.800%, 01/11/16............................. 9,749 9,965,584 2.000%, 09/15/16............................. 642 655,892 # 2.100%, 01/17/19............................. 27,428 28,104,923 2.125%, 07/18/19............................. 14,155 14,568,779 Transatlantic Holdings, Inc. 5.750%, 12/14/15............................. 500 519,350 TransCanada PipeLines, Ltd. 0.875%, 03/02/15............................. 3,621 3,622,253 3.400%, 06/01/15............................. 5,571 5,626,181 Travelers Cos., Inc. (The) 5.500%, 12/01/15............................. 7,892 8,219,897 Tyson Foods, Inc. 2.650%, 08/15/19............................. 15,160 15,583,813 UBS AG 5.875%, 12/20/17............................. 4,828 5,410,513 2.375%, 08/14/19............................. 3,666 3,748,390 Unilever Capital Corp. # 2.750%, 02/10/16............................. 8,430 8,629,749 United Technologies Corp. # 1.800%, 06/01/17............................. 13,054 13,329,779 UnitedHealth Group, Inc. # 6.000%, 06/15/17............................. 2,600 2,894,502 # 1.400%, 10/15/17............................. 5,756 5,800,235 2.300%, 12/15/19............................. 5,920 6,082,238 US Bancorp # 2.200%, 04/25/19............................. 15,000 15,356,085 US Bank NA # 2.125%, 10/28/19............................. 16,140 16,434,361 Valero Energy Corp. # 6.125%, 06/15/17............................. 3,253 3,582,581 Verizon Communications, Inc. 2.000%, 11/01/16............................. 16,160 16,421,404 2.550%, 06/17/19............................. 3,000 3,079,434 Viacom, Inc. 6.250%, 04/30/16............................. 4,642 4,950,800 # 2.500%, 12/15/16............................. 7,428 7,617,228 # 2.750%, 12/15/19............................. 6,550 6,717,025 Vodafone Group P.L.C. 5.625%, 02/27/17............................. 4,642 5,040,576 FACE AMOUNT (000) VALUE+ ----------- -------------- Wal-Mart Stores, Inc. 0.600%, 04/11/16............................. $ 2,785 $ 2,792,578 2.800%, 04/15/16............................. 7,428 7,640,701 5.375%, 04/05/17............................. 5,811 6,380,937 # 1.950%, 12/15/18............................. 6,364 6,522,470 Walgreen Co. 1.000%, 03/13/15............................. 12,848 12,856,467 1.800%, 09/15/17............................. 8,356 8,450,097 5.250%, 01/15/19............................. 446 503,672 Walt Disney Co. (The) # 1.125%, 02/15/17............................. 10,761 10,850,908 Waste Management, Inc. 2.600%, 09/01/16............................. 6,029 6,180,316 Wells Fargo & Co. # 2.625%, 12/15/16............................. 9,883 10,188,088 # 2.100%, 05/08/17............................. 7,165 7,318,087 # 2.125%, 04/22/19............................. 6,000 6,086,076 Western Union Co. (The) 5.930%, 10/01/16............................. 7,347 7,892,434 Westpac Banking Corp. # 1.200%, 05/19/17............................. 10,000 10,042,940 2.000%, 08/14/17............................. 6,499 6,625,639 # 2.250%, 01/17/19............................. 7,000 7,176,253 4.875%, 11/19/19............................. 3,190 3,618,669 Whirlpool Corp. 7.750%, 07/15/16............................. 4,642 5,089,577 Williams Partners L.P. 3.800%, 02/15/15............................. 3,069 3,071,710 Wyndham Worldwide Corp. 2.500%, 03/01/18............................. 9,647 9,730,659 Xerox Corp. # 2.750%, 03/15/19............................. 13,529 13,838,665 5.625%, 12/15/19............................. 6,000 6,871,212 Xilinx, Inc. 2.125%, 03/15/19............................. 1,675 1,699,470 Yum! Brands, Inc. # 6.250%, 04/15/16............................. 8,393 8,906,584 6.250%, 03/15/18............................. 754 848,577 -------------- TOTAL BONDS 4,011,901,851 -------------- SHARES/ FACE AMOUNT (000) ----------- SECURITIES LENDING COLLATERAL -- (6.2%) (S)@ DFA Short Term Investment Fund............... 23,662,504 273,775,175 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,348,296,827)^^.......................... $4,395,512,362 ============== 791 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Agency Obligations............... -- $ 109,835,336 -- $ 109,835,336 Bonds............................ -- 4,011,901,851 -- 4,011,901,851 Securities Lending Collateral.... -- 273,775,175 -- 273,775,175 Forward Currency Contracts**..... -- 77,009 -- 77,009 -- -------------- -- -------------- TOTAL............................ -- $4,395,589,371 -- $4,395,589,371 == ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 792 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------- ----------- AGENCY OBLIGATIONS -- (3.4%) Federal Farm Credit Bank 4.800%, 02/13/23................................... $ 900 $ 1,098,618 2.630%, 08/03/26................................... 9,000 9,213,336 5.770%, 01/05/27................................... 3,000 4,102,815 Federal Home Loan Bank # 5.250%, 12/09/22................................... 2,000 2,493,274 5.375%, 08/15/24................................... 4,000 5,104,524 5.750%, 06/12/26................................... 3,580 4,799,284 Federal Home Loan Mortgage Corporation # 2.375%, 01/13/22................................... 20,000 20,859,080 Federal National Mortgage Association 6.250%, 05/15/29................................... 25,000 36,874,775 Tennessee Valley Authority 6.750%, 11/01/25................................... 10,200 14,419,281 ----------- TOTAL AGENCY OBLIGATIONS............................... 98,964,987 ----------- BONDS -- (79.1%) 21st Century Fox America, Inc. 4.500%, 02/15/21................................... 2,800 3,142,465 3M Co. # 2.000%, 06/26/22................................... 3,000 3,006,987 ABB Finance USA, Inc. 2.875%, 05/08/22................................... 5,450 5,659,874 Abbey National Treasury Services P.L.C. # 4.000%, 03/13/24................................... 10,720 11,697,300 AbbVie, Inc. # 2.900%, 11/06/22................................... 3,000 3,055,179 ACE INA Holdings, Inc. # 2.700%, 03/13/23................................... 8,000 8,072,120 3.350%, 05/15/24................................... 3,000 3,182,895 Actavis, Inc. 3.250%, 10/01/22................................... 11,815 11,746,579 Advance Auto Parts, Inc. 4.500%, 01/15/22................................... 4,000 4,366,836 Aetna, Inc. # 3.950%, 09/01/20................................... 800 868,898 2.750%, 11/15/22................................... 9,000 9,125,136 # 3.500%, 11/15/24................................... 3,000 3,183,372 Aflac, Inc. 3.625%, 06/15/23................................... 6,000 6,363,978 Agilent Technologies, Inc. 5.000%, 07/15/20................................... 215 238,910 Air Products & Chemicals, Inc. 2.750%, 02/03/23................................... 1,525 1,558,501 Allstate Corp. (The) # 3.150%, 06/15/23................................... 7,000 7,289,793 Altera Corp. 4.100%, 11/15/23................................... 2,330 2,515,095 FACE AMOUNT (000) VALUE+ ------- ----------- Altria Group, Inc. 4.750%, 05/05/21................................... $ 5,731 $ 6,449,914 Amazon.com, Inc. # 3.800%, 12/05/24................................... 4,000 4,240,576 American Express Co. # 2.650%, 12/02/22................................... 1,000 1,015,158 American International Group, Inc. # 4.875%, 06/01/22................................... 3,000 3,449,010 American Water Capital Corp. 3.850%, 03/01/24................................... 3,306 3,609,345 AmerisourceBergen Corp. 3.400%, 05/15/24................................... 1,910 1,976,789 Amgen, Inc. # 4.500%, 03/15/20................................... 720 799,478 # 3.625%, 05/22/24................................... 10,000 10,580,850 Anheuser-Busch InBev Worldwide, Inc. # 4.375%, 02/15/21................................... 5,700 6,394,790 2.500%, 07/15/22................................... 8,000 8,018,408 Anthem, Inc. 3.500%, 08/15/24................................... 4,230 4,412,195 Aon Corp. 5.000%, 09/30/20................................... 2,500 2,848,128 Aon P.L.C. 4.000%, 11/27/23................................... 6,250 6,789,812 3.500%, 06/14/24................................... 9,660 9,991,145 Apache Corp. 2.625%, 01/15/23................................... 2,470 2,368,337 Apple, Inc. 2.400%, 05/03/23................................... 12,000 11,972,232 # 3.450%, 05/06/24................................... 25,000 27,305,650 Applied Materials, Inc. 4.300%, 06/15/21................................... 1,000 1,104,332 Assurant, Inc. 4.000%, 03/15/23................................... 5,000 5,315,170 AT&T, Inc. # 3.875%, 08/15/21................................... 4,320 4,644,765 # 3.000%, 02/15/22................................... 6,100 6,194,550 Autodesk, Inc. 3.600%, 12/15/22................................... 2,000 2,052,878 AutoZone, Inc. 2.875%, 01/15/23................................... 5,920 5,894,556 Baker Hughes, Inc. 3.200%, 08/15/21................................... 1,000 1,033,688 Baltimore Gas & Electric Co. # 2.800%, 08/15/22................................... 5,029 5,189,294 Bank Nederlandse Gemeenten 4.375%, 02/16/21................................... 3,200 3,688,128 2.500%, 01/23/23................................... 10,000 10,430,000 Bank of America Corp. 3.300%, 01/11/23................................... 7,000 7,164,213 # 4.000%, 04/01/24................................... 12,000 12,948,480 793 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Bank of New York Mellon Corp. (The) # 3.650%, 02/04/24................................... $13,444 $14,588,380 Bank of Nova Scotia (The) 4.375%, 01/13/21................................... 5,000 5,635,165 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 3.250%, 09/08/24................................... 5,000 5,155,780 Barclays Bank P.L.C. # 3.750%, 05/15/24................................... 8,000 8,630,080 Baxter International, Inc. 2.400%, 08/15/22................................... 7,140 6,994,458 3.200%, 06/15/23................................... 3,373 3,461,460 Beam Suntory, Inc. 3.250%, 06/15/23................................... 6,225 6,378,944 Berkshire Hathaway Finance Corp. # 3.000%, 05/15/22................................... 5,000 5,260,445 Berkshire Hathaway, Inc. # 3.750%, 08/15/21................................... 4,000 4,421,424 3.400%, 01/31/22................................... 5,000 5,393,145 # 3.000%, 02/11/23................................... 7,000 7,291,256 BHP Billiton Finance USA, Ltd. 3.250%, 11/21/21................................... 1,500 1,589,148 BlackRock, Inc. # 4.250%, 05/24/21................................... 1,500 1,694,687 BNP Paribas SA # 3.250%, 03/03/23................................... 3,000 3,151,116 Boeing Co. (The) 8.750%, 08/15/21................................... 1,829 2,565,434 # 2.850%, 10/30/24................................... 2,000 2,079,260 Boston Scientific Corp. 6.000%, 01/15/20................................... 2,900 3,342,520 4.125%, 10/01/23................................... 2,300 2,421,757 BP Capital Markets P.L.C. 4.500%, 10/01/20................................... 3,200 3,545,414 # 2.500%, 11/06/22................................... 3,500 3,423,375 BPCE SA # 4.000%, 04/15/24................................... 7,000 7,598,374 Branch Banking & Trust Co. 2.850%, 04/01/21................................... 8,000 8,329,448 Bristol-Myers Squibb Co. # 2.000%, 08/01/22................................... 3,070 3,017,171 British Columbia, Province of Canada 6.500%, 01/15/26................................... 12,374 17,321,113 Broadcom Corp. 2.500%, 08/15/22................................... 10,900 10,799,382 Brown-Forman Corp. 2.250%, 01/15/23................................... 750 736,244 Buckeye Partners L.P. 4.150%, 07/01/23................................... 3,000 3,007,050 Burlington Northern Santa Fe LLC 7.000%, 12/15/25................................... 1,340 1,831,363 FACE AMOUNT (000) VALUE+ ------- ----------- CA, Inc. 5.375%, 12/01/19................................... $ 900 $ 1,014,049 Campbell Soup Co. # 4.250%, 04/15/21................................... 1,600 1,776,488 2.500%, 08/02/22................................... 3,478 3,450,729 Canadian National Railway Co. 2.850%, 12/15/21................................... 2,915 3,032,195 Canadian Natural Resources, Ltd. # 3.450%, 11/15/21................................... 5,250 5,298,862 # 3.800%, 04/15/24................................... 5,000 4,968,750 Capital One Financial Corp. # 4.750%, 07/15/21................................... 6,400 7,227,994 # 3.750%, 04/24/24................................... 5,000 5,270,730 Cardinal Health, Inc. # 4.625%, 12/15/20................................... 1,000 1,121,578 3.200%, 06/15/22................................... 6,000 6,221,004 Caterpillar, Inc. # 2.600%, 06/26/22................................... 5,500 5,593,275 CBS Corp. 3.375%, 03/01/22................................... 5,000 5,169,385 # 3.500%, 01/15/25................................... 3,000 3,078,108 Celgene Corp. # 3.625%, 05/15/24................................... 5,000 5,291,915 Cenovus Energy, Inc. # 3.000%, 08/15/22................................... 3,300 3,077,837 CenterPoint Energy Resources Corp. # 4.500%, 01/15/21................................... 3,000 3,416,706 CF Industries, Inc. 3.450%, 06/01/23................................... 9,260 9,450,932 Charles Schwab Corp. (The) 4.450%, 07/22/20................................... 2,750 3,091,149 Chevron Corp. 2.355%, 12/05/22................................... 10,000 10,034,000 3.191%, 06/24/23................................... 24,636 26,349,729 Church & Dwight Co., Inc. 2.875%, 10/01/22................................... 1,600 1,617,462 Cigna Corp. # 4.000%, 02/15/22................................... 6,375 6,924,244 Cisco Systems, Inc. # 3.625%, 03/04/24................................... 3,000 3,292,923 Citigroup, Inc. 5.375%, 08/09/20................................... 457 528,225 4.500%, 01/14/22................................... 2,300 2,578,852 # 3.875%, 10/25/23................................... 7,000 7,474,712 # 3.750%, 06/16/24................................... 4,000 4,217,888 Clorox Co. (The) # 3.050%, 09/15/22................................... 4,700 4,738,408 3.500%, 12/15/24................................... 5,000 5,183,740 CMS Energy Corp. # 3.875%, 03/01/24................................... 2,000 2,167,726 CNA Financial Corp. 5.750%, 08/15/21................................... 8,082 9,438,022 794 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Coca-Cola Co. (The) 3.300%, 09/01/21................................... $ 2,650 $ 2,864,833 # 3.200%, 11/01/23................................... 20,180 21,551,130 Coca-Cola Enterprises, Inc. 3.500%, 09/15/20................................... 2,713 2,881,266 Colgate-Palmolive Co. 1.950%, 02/01/23................................... 3,000 2,932,158 Comcast Cable Communications Holdings, Inc. # 9.455%, 11/15/22................................... 4,620 6,859,845 Commonwealth Bank of Australia # 5.000%, 03/19/20................................... 1,225 1,399,599 Computer Sciences Corp. 4.450%, 09/15/22................................... 5,000 5,253,155 ConAgra Foods, Inc. 3.200%, 01/25/23................................... 4,268 4,301,329 ConocoPhillips # 6.000%, 01/15/20................................... 3,930 4,657,722 ConocoPhillips Co. # 2.400%, 12/15/22................................... 3,000 2,982,717 # 3.350%, 11/15/24................................... 7,000 7,325,486 Consolidated Edison Co. of New York, Inc. # 3.300%, 12/01/24................................... 2,000 2,133,906 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 4.500%, 01/11/21................................... 2,000 2,249,296 3.875%, 02/08/22................................... 15,900 17,345,119 Corning, Inc. # 3.700%, 11/15/23................................... 4,235 4,530,429 CR Bard, Inc. 4.400%, 01/15/21................................... 800 901,469 Credit Agricole SA # 3.875%, 04/15/24................................... 8,269 8,953,094 Credit Suisse New York # 4.375%, 08/05/20................................... 6,750 7,486,600 3.625%, 09/09/24................................... 11,000 11,582,670 CSX Corp. 4.250%, 06/01/21................................... 8,000 8,925,600 CVS Health Corp. # 3.375%, 08/12/24................................... 11,670 12,301,860 Cytec Industries, Inc. # 3.500%, 04/01/23................................... 6,000 6,118,182 DCP Midstream Operating L.P. # 4.950%, 04/01/22................................... 1,000 1,054,381 Deutsche Bank AG 3.700%, 05/30/24................................... 13,000 13,848,302 Devon Energy Corp. # 3.250%, 05/15/22................................... 9,800 9,938,102 Diageo Capital P.L.C. 4.828%, 07/15/20................................... 3,600 4,125,892 Diageo Investment Corp. # 2.875%, 05/11/22................................... 1,750 1,804,075 FACE AMOUNT (000) VALUE+ ------- ----------- DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. # 3.800%, 03/15/22................................... $ 8,900 $ 9,340,683 Discovery Communications LLC 3.300%, 05/15/22................................... 2,200 2,243,408 3.250%, 04/01/23................................... 1,000 1,008,850 Dollar General Corp. # 3.250%, 04/15/23................................... 10,522 10,257,919 Dominion Gas Holdings LLC # 3.600%, 12/15/24................................... 5,000 5,326,575 Dominion Resources, Inc. 4.450%, 03/15/21................................... 3,900 4,350,821 Dow Chemical Co. (The) # 3.000%, 11/15/22................................... 1,000 1,012,411 # 3.500%, 10/01/24................................... 8,000 8,242,240 DTE Energy Co. 3.850%, 12/01/23................................... 1,500 1,636,344 Duke Energy Corp. # 3.050%, 08/15/22................................... 3,823 3,991,663 # 3.750%, 04/15/24................................... 5,000 5,477,870 Eastman Chemical Co. 4.500%, 01/15/21................................... 1,983 2,161,926 # 3.600%, 08/15/22................................... 950 996,828 eBay, Inc. # 2.600%, 07/15/22................................... 4,200 4,050,152 Ecolab, Inc. 4.350%, 12/08/21................................... 6,000 6,702,516 Eli Lilly & Co. 5.500%, 03/15/27................................... 8,000 10,064,144 EMC Corp. # 3.375%, 06/01/23................................... 7,000 7,199,206 Enbridge Energy Partners L.P. 5.200%, 03/15/20................................... 350 388,606 # 4.200%, 09/15/21................................... 1,917 2,030,971 Enbridge, Inc. 4.000%, 10/01/23................................... 6,000 5,997,180 Encana Corp. 3.900%, 11/15/21................................... 7,700 7,692,754 Energizer Holdings, Inc. # 4.700%, 05/24/22................................... 8,935 9,498,495 Energy Transfer Partners L.P. # 3.600%, 02/01/23................................... 11,000 11,018,106 Ensco P.L.C. # 4.700%, 03/15/21................................... 3,800 3,832,950 Enterprise Products Operating LLC 5.200%, 09/01/20................................... 2,600 2,955,157 # 3.900%, 02/15/24................................... 3,250 3,436,830 EOG Resources, Inc. 4.100%, 02/01/21................................... 3,850 4,209,829 EQT Corp. 8.125%, 06/01/19................................... 1,625 1,966,573 European Investment Bank 3.250%, 01/29/24................................... 5,000 5,616,185 795 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Exelon Generation Co. LLC # 4.250%, 06/15/22................................... $ 5,000 $ 5,350,015 Express Scripts Holding Co. 3.900%, 02/15/22................................... 5,000 5,333,655 # 3.500%, 06/15/24................................... 4,500 4,667,099 Exxon Mobil Corp. # 3.176%, 03/15/24................................... 35,000 37,866,850 FedEx Corp. # 2.625%, 08/01/22................................... 6,500 6,548,146 # 3.200%, 02/01/25................................... 3,000 3,100,989 Fifth Third Bancorp 3.500%, 03/15/22................................... 7,500 7,935,622 FMC Technologies, Inc. 3.450%, 10/01/22................................... 8,625 8,638,481 Ford Motor Credit Co. LLC # 4.375%, 08/06/23................................... 11,000 12,148,983 Gap, Inc. (The) 5.950%, 04/12/21................................... 2,500 2,910,525 General Dynamics Corp. 2.250%, 11/15/22................................... 7,500 7,475,490 General Electric Co. # 3.375%, 03/11/24................................... 5,000 5,389,680 General Mills, Inc. 3.150%, 12/15/21................................... 3,000 3,140,517 Georgia Power Co. # 2.850%, 05/15/22................................... 2,550 2,633,793 Gilead Sciences, Inc. # 3.700%, 04/01/24................................... 10,000 10,906,340 GlaxoSmithKline Capital, Inc. 2.800%, 03/18/23................................... 10,450 10,728,701 Goldcorp, Inc. 3.625%, 06/09/21................................... 5,500 5,685,862 Goldman Sachs Group, Inc. (The) 6.000%, 06/15/20................................... 2,150 2,535,508 # 5.250%, 07/27/21................................... 5,500 6,312,779 4.000%, 03/03/24................................... 7,000 7,503,237 Great Plains Energy, Inc. 4.850%, 06/01/21................................... 2,000 2,255,212 Halliburton Co. # 3.500%, 08/01/23................................... 10,000 10,515,330 Hartford Financial Services Group, Inc. (The) # 5.125%, 04/15/22................................... 8,000 9,280,304 Hershey Co. (The) # 2.625%, 05/01/23................................... 3,027 3,061,732 Hess Corp. # 3.500%, 07/15/24................................... 5,075 5,002,230 Hewlett-Packard Co. 4.375%, 09/15/21................................... 2,500 2,731,403 Home Depot, Inc. (The) 4.400%, 04/01/21................................... 6,000 6,858,312 # 2.700%, 04/01/23................................... 2,000 2,053,764 Hormel Foods Corp. FACE AMOUNT (000) VALUE+ ------- ----------- # 4.125%, 04/15/21................................... $ 2,310 $ 2,591,118 HSBC Holdings P.L.C. 4.000%, 03/30/22................................... 3,000 3,275,433 HSBC USA, Inc. # 3.500%, 06/23/24................................... 10,000 10,740,030 Humana, Inc. # 3.850%, 10/01/24................................... 11,555 12,203,374 Husky Energy, Inc. 7.250%, 12/15/19................................... 2,500 2,943,930 Illinois Tool Works, Inc. 3.500%, 03/01/24................................... 10,000 10,766,350 Integrys Energy Group, Inc. # 4.170%, 11/01/20................................... 1,000 1,092,741 Intel Corp. # 3.300%, 10/01/21................................... 7,400 7,972,649 2.700%, 12/15/22................................... 3,000 3,060,666 Inter-American Development Bank 7.000%, 06/15/25................................... 6,000 8,621,196 6.750%, 07/15/27................................... 3,000 4,451,337 International Bank for Reconstruction & Development 7.625%, 01/19/23................................... 7,700 11,054,120 International Business Machines Corp. 1.875%, 08/01/22................................... 700 675,598 # 3.375%, 08/01/23................................... 6,810 7,225,349 # 3.625%, 02/12/24................................... 15,000 16,184,355 International Paper Co. 3.650%, 06/15/24................................... 3,000 3,112,992 Intesa Sanpaolo SpA 5.250%, 01/12/24................................... 5,000 5,726,060 ITC Holdings Corp. # 3.650%, 06/15/24................................... 9,000 9,590,994 John Deere Capital Corp. 2.750%, 03/15/22................................... 5,000 5,129,955 Johnson & Johnson 3.375%, 12/05/23................................... 10,000 11,043,670 Johnson Controls, Inc. 3.625%, 07/02/24................................... 1,535 1,608,111 JPMorgan Chase & Co. 4.950%, 03/25/20................................... 630 712,296 4.350%, 08/15/21................................... 5,200 5,738,314 # 3.625%, 05/13/24................................... 12,160 12,805,343 Juniper Networks, Inc. 4.600%, 03/15/21................................... 4,000 4,305,124 4.500%, 03/15/24................................... 5,000 5,214,070 Kerr-McGee Corp. 6.950%, 07/01/24................................... 6,900 8,540,178 KeyCorp # 5.100%, 03/24/21................................... 7,000 8,092,049 Kimberly-Clark Corp. 2.400%, 06/01/23................................... 4,130 4,143,633 796 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Kinder Morgan Energy Partners L.P. 5.300%, 09/15/20................................... $ 2,000 $ 2,191,022 5.800%, 03/01/21................................... 550 618,028 4.150%, 03/01/22................................... 2,400 2,486,165 3.500%, 09/01/23................................... 5,000 4,944,780 KLA-Tencor Corp. # 4.650%, 11/01/24................................... 6,025 6,426,922 Kohl's Corp. # 3.250%, 02/01/23................................... 2,000 2,007,418 4.750%, 12/15/23................................... 10,000 11,082,740 Koninklijke Philips NV 3.750%, 03/15/22................................... 2,322 2,479,432 Kraft Foods Group, Inc. 3.500%, 06/06/22................................... 13,695 14,376,874 Kroger Co. (The) 3.850%, 08/01/23................................... 7,000 7,513,310 L-3 Communications Corp. 3.950%, 05/28/24................................... 7,300 7,579,050 Laboratory Corp. of America Holdings 4.000%, 11/01/23................................... 6,000 6,379,242 Legg Mason, Inc. 3.950%, 07/15/24................................... 7,400 7,814,733 Lincoln National Corp. 6.250%, 02/15/20................................... 180 212,994 Lloyds Bank P.L.C. 6.375%, 01/21/21................................... 3,404 4,169,427 Loews Corp. 2.625%, 05/15/23................................... 2,865 2,806,084 Lorillard Tobacco Co. # 6.875%, 05/01/20................................... 2,000 2,403,820 Lowe's Cos., Inc. 3.120%, 04/15/22................................... 2,000 2,110,550 LyondellBasell Industries NV # 5.750%, 04/15/24................................... 9,000 10,661,166 Macy's Retail Holdings, Inc. # 3.875%, 01/15/22................................... 4,446 4,781,504 2.875%, 02/15/23................................... 6,500 6,553,982 Magellan Midstream Partners L.P. 4.250%, 02/01/21................................... 3,370 3,703,138 Manitoba, Province of Canada 2.100%, 09/06/22................................... 3,000 3,047,616 Marathon Oil Corp. # 2.800%, 11/01/22................................... 6,000 5,724,660 Marathon Petroleum Corp. # 3.625%, 09/15/24................................... 12,800 12,885,133 Markel Corp. 5.350%, 06/01/21................................... 4,200 4,836,976 # 3.625%, 03/30/23................................... 2,000 2,093,338 Marsh & McLennan Cos., Inc. 3.500%, 06/03/24................................... 10,000 10,487,460 McDonald's Corp. 2.625%, 01/15/22................................... 2,900 2,961,260 FACE AMOUNT (000) VALUE+ ------- ----------- McKesson Corp. # 3.796%, 03/15/24................................... $ 3,000 $ 3,214,632 Medtronic, Inc. 3.125%, 03/15/22................................... 3,407 3,554,588 Merck & Co., Inc. # 2.800%, 05/18/23................................... 8,000 8,241,576 MetLife, Inc. # 3.600%, 04/10/24................................... 7,208 7,710,571 Microsoft Corp. # 3.625%, 12/15/23................................... 14,516 16,136,073 Mobil Corp. 8.625%, 08/15/21................................... 2,013 2,799,056 Molson Coors Brewing Co. # 3.500%, 05/01/22................................... 10,204 10,702,506 Mondelez International, Inc. # 4.000%, 02/01/24................................... 12,000 13,046,088 Monsanto Co. 5.500%, 08/15/25................................... 3,500 4,185,094 Morgan Stanley 5.500%, 07/28/21................................... 8,320 9,678,132 3.875%, 04/29/24................................... 6,000 6,382,734 Mosaic Co. (The) # 4.250%, 11/15/23................................... 3,000 3,305,523 Motorola Solutions, Inc. # 3.750%, 05/15/22................................... 5,000 5,191,705 # 3.500%, 03/01/23................................... 5,000 5,015,330 MUFG Americas Holdings Corp. 3.500%, 06/18/22................................... 8,550 9,030,151 Murphy Oil Corp. # 4.000%, 06/01/22................................... 2,000 1,884,232 Mylan, Inc. 4.200%, 11/29/23................................... 7,000 7,506,933 NASDAQ OMX Group, Inc. (The) # 4.250%, 06/01/24................................... 4,400 4,649,080 National Australia Bank, Ltd. # 3.000%, 01/20/23................................... 10,000 10,390,240 National Oilwell Varco, Inc. # 2.600%, 12/01/22................................... 8,500 8,284,049 NetApp, Inc. 3.250%, 12/15/22................................... 1,700 1,732,122 New Brunswick, Province of Canada 9.750%, 05/15/20................................... 1,000 1,374,082 Newell Rubbermaid, Inc. 4.000%, 06/15/22................................... 4,000 4,263,544 NextEra Energy Capital Holdings, Inc. 4.500%, 06/01/21................................... 1,295 1,445,201 Nisource Finance Corp. # 6.125%, 03/01/22................................... 7,019 8,605,364 # 3.850%, 02/15/23................................... 1,100 1,179,006 Noble Energy, Inc. # 4.150%, 12/15/21................................... 9,000 9,429,417 # 3.900%, 11/15/24................................... 5,000 5,058,260 797 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Nordstrom, Inc. 4.000%, 10/15/21................................... $ 1,500 $ 1,652,880 Norfolk Southern Corp. # 2.903%, 02/15/23................................... 7,000 7,180,516 Northeast Utilities 2.800%, 05/01/23................................... 9,798 9,851,046 Northern Trust Corp. 3.375%, 08/23/21................................... 4,400 4,730,726 2.375%, 08/02/22................................... 3,016 3,030,269 Northrop Grumman Corp. 3.250%, 08/01/23................................... 4,000 4,188,908 Novartis Capital Corp. # 3.400%, 05/06/24................................... 9,500 10,303,852 Nucor Corp. 4.000%, 08/01/23................................... 3,500 3,757,716 Occidental Petroleum Corp. # 2.700%, 02/15/23................................... 8,650 8,584,511 Ohio Power Co. # 5.375%, 10/01/21................................... 3,606 4,285,558 Omnicom Group, Inc. 4.450%, 08/15/20................................... 3,650 4,044,299 ONEOK Partners L.P. 3.375%, 10/01/22................................... 1,898 1,772,491 Ontario, Province of Canada # 2.450%, 06/29/22................................... 1,700 1,757,586 Oracle Corp. 2.500%, 10/15/22................................... 3,000 3,051,432 Orange SA 4.125%, 09/14/21................................... 2,900 3,203,117 Pacific Gas & Electric Co. 3.850%, 11/15/23................................... 5,000 5,452,435 3.750%, 02/15/24................................... 3,000 3,254,460 Packaging Corp. of America 4.500%, 11/01/23................................... 6,075 6,556,845 PepsiCo, Inc. 4.500%, 01/15/20................................... 1,575 1,776,592 # 2.750%, 03/05/22................................... 2,404 2,468,641 # 2.750%, 03/01/23................................... 7,000 7,147,315 Pfizer, Inc. 3.000%, 06/15/23................................... 3,000 3,145,863 # 3.400%, 05/15/24................................... 10,000 10,809,220 Philip Morris International, Inc. 2.500%, 08/22/22................................... 1,504 1,509,569 # 3.250%, 11/10/24................................... 5,000 5,240,760 Phillips 66 4.300%, 04/01/22................................... 11,250 12,317,591 Pitney Bowes, Inc. 4.625%, 03/15/24................................... 2,000 2,125,376 Plains All American Pipeline L.P. / PAA Finance Corp. 5.000%, 02/01/21................................... 1,000 1,118,520 2.850%, 01/31/23................................... 4,000 3,914,184 3.850%, 10/15/23................................... 2,273 2,366,043 FACE AMOUNT (000) VALUE+ ------- ----------- PNC Bank NA # 3.300%, 10/30/24................................... $ 5,000 $ 5,287,935 PNC Funding Corp. 4.375%, 08/11/20................................... 4,730 5,286,683 # 3.300%, 03/08/22................................... 1,466 1,554,898 Praxair, Inc. 4.050%, 03/15/21................................... 3,800 4,195,242 2.200%, 08/15/22................................... 1,250 1,236,621 Precision Castparts Corp. 2.500%, 01/15/23................................... 8,000 8,021,888 Principal Financial Group, Inc. # 3.125%, 05/15/23................................... 11,396 11,633,105 Private Export Funding Corp. 4.300%, 12/15/21................................... 1,407 1,610,582 Procter & Gamble Co. (The) 2.300%, 02/06/22................................... 4,000 4,109,552 Progressive Corp. (The) # 3.750%, 08/23/21................................... 6,800 7,503,134 Prudential Financial, Inc. # 5.375%, 06/21/20................................... 4,170 4,834,781 # 3.500%, 05/15/24................................... 8,000 8,403,912 PSEG Power LLC # 4.300%, 11/15/23................................... 5,620 6,150,151 Quebec, Province of Canada 2.625%, 02/13/23................................... 7,000 7,303,702 Quest Diagnostics, Inc. # 4.700%, 04/01/21................................... 6,770 7,526,040 Raytheon Co. # 2.500%, 12/15/22................................... 2,200 2,211,275 Reinsurance Group of America, Inc. 5.000%, 06/01/21................................... 1,500 1,694,177 # 4.700%, 09/15/23................................... 6,000 6,674,682 Republic Services, Inc. 3.550%, 06/01/22................................... 4,000 4,250,244 Reynolds American, Inc. 3.250%, 11/01/22................................... 8,555 8,606,724 Rio Tinto Finance USA, Ltd. 4.125%, 05/20/21................................... 3,800 4,063,640 Rogers Communications, Inc. # 3.000%, 03/15/23................................... 2,759 2,777,596 Rowan Cos., Inc. # 7.875%, 08/01/19................................... 600 673,363 Royal Bank of Scotland P.L.C. (The) 6.125%, 01/11/21................................... 2,000 2,419,072 Sanofi 4.000%, 03/29/21................................... 3,000 3,349,224 SCANA Corp. 6.250%, 04/01/20................................... 1,750 2,037,565 # 4.125%, 02/01/22................................... 3,035 3,264,595 Sempra Energy 4.050%, 12/01/23................................... 6,570 7,264,370 3.550%, 06/15/24................................... 10,200 10,838,255 798 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Shell International Finance BV # 3.400%, 08/12/23................................... $15,000 $16,226,925 Spectra Energy Capital LLC # 3.300%, 03/15/23................................... 10,275 9,956,711 Spectra Energy Partners L.P. 4.750%, 03/15/24................................... 5,000 5,559,000 St Jude Medical, Inc. # 3.250%, 04/15/23................................... 5,000 5,202,440 StanCorp Financial Group, Inc. # 5.000%, 08/15/22................................... 5,000 5,525,460 Staples, Inc. # 4.375%, 01/12/23................................... 2,000 2,048,502 Starwood Hotels & Resorts Worldwide, Inc. # 3.125%, 02/15/23................................... 5,000 5,016,960 State Street Corp. 4.375%, 03/07/21................................... 6,200 6,985,428 Statoil ASA # 2.450%, 01/17/23................................... 10,000 10,010,090 2.650%, 01/15/24................................... 10,860 10,869,774 Stryker Corp. 3.375%, 05/15/24................................... 800 835,442 Sumitomo Mitsui Banking Corp. 3.950%, 07/19/23................................... 9,160 10,016,332 Sunoco Logistics Partners Operations L.P. 4.650%, 02/15/22................................... 2,895 3,102,572 SunTrust Bank 2.750%, 05/01/23................................... 4,900 4,937,446 Target Corp. # 2.900%, 01/15/22................................... 7,676 8,045,100 TD Ameritrade Holding Corp. # 3.625%, 04/01/25................................... 10,000 10,588,800 Teck Resources, Ltd. # 3.750%, 02/01/23................................... 6,600 5,703,832 Telefonica Emisiones SAU # 4.570%, 04/27/23................................... 5,000 5,622,530 4.570%, 04/27/23................................... 2,000 2,245,326 Thermo Fisher Scientific, Inc. 4.500%, 03/01/21................................... 4,000 4,455,360 Thomson Reuters Corp. 4.300%, 11/23/23................................... 8,000 8,775,752 Time Warner, Inc. # 4.750%, 03/29/21................................... 2,200 2,473,242 4.000%, 01/15/22................................... 1,800 1,946,106 3.550%, 06/01/24................................... 7,000 7,336,588 TJX Cos., Inc. (The) 2.500%, 05/15/23................................... 6,440 6,455,894 Total Capital International SA 3.750%, 04/10/24................................... 15,000 16,354,770 Toyota Motor Credit Corp. 4.250%, 01/11/21................................... 1,200 1,351,148 3.300%, 01/12/22................................... 10,165 10,923,126 FACE AMOUNT (000) VALUE+ ------- ----------- 2.625%, 01/10/23................................... $10,000 $10,277,680 TransAlta Corp. # 4.500%, 11/15/22................................... 6,038 6,170,552 TransCanada PipeLines, Ltd. 3.800%, 10/01/20................................... 2,000 2,118,430 2.500%, 08/01/22................................... 5,112 4,996,837 Travelers Cos., Inc. (The) # 3.900%, 11/01/20................................... 4,200 4,621,109 Tyson Foods, Inc. 4.500%, 06/15/22................................... 12,498 14,000,297 UBS AG # 4.875%, 08/04/20................................... 5,928 6,748,483 Union Pacific Corp. # 3.250%, 01/15/25................................... 5,000 5,367,635 United Parcel Service, Inc. 3.125%, 01/15/21................................... 900 967,748 UnitedHealth Group, Inc. # 2.750%, 02/15/23................................... 7,750 7,943,851 Unum Group 5.625%, 09/15/20................................... 3,500 4,015,102 # 4.000%, 03/15/24................................... 2,000 2,131,124 US Bancorp 3.000%, 03/15/22................................... 3,000 3,134,421 Verizon Communications, Inc. 4.600%, 04/01/21................................... 4,050 4,481,305 5.150%, 09/15/23................................... 9,000 10,336,779 Viacom, Inc. # 4.500%, 03/01/21................................... 2,900 3,196,571 4.250%, 09/01/23................................... 1,000 1,062,990 3.875%, 04/01/24................................... 635 657,968 Vodafone Group P.L.C. 4.375%, 03/16/21................................... 4,500 4,960,908 # 2.500%, 09/26/22................................... 9,000 8,790,354 Wal-Mart Stores, Inc. # 4.250%, 04/15/21................................... 4,000 4,520,740 # 2.550%, 04/11/23................................... 9,000 9,191,340 # 3.300%, 04/22/24................................... 7,000 7,543,095 Walgreen Co. # 3.100%, 09/15/22................................... 7,124 7,306,004 Walt Disney Co. (The) 2.550%, 02/15/22................................... 4,000 4,103,636 Waste Management, Inc. # 4.600%, 03/01/21................................... 2,860 3,211,059 WellPoint, Inc. # 3.125%, 05/15/22................................... 4,900 5,064,282 Wells Fargo & Co. # 4.600%, 04/01/21................................... 2,100 2,381,597 # 3.500%, 03/08/22................................... 13,700 14,695,168 Western Gas Partners L.P. 4.000%, 07/01/22................................... 3,772 3,927,938 Western Union Co. (The) # 5.253%, 04/01/20................................... 3,568 3,973,714 799 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ----------- -------------- Whirlpool Corp. 4.700%, 06/01/22.............................. $ 3,000 $ 3,393,927 Whirpool Corp. # 3.700%, 05/01/25.............................. 7,000 7,393,715 Williams Partners L.P. 4.000%, 11/15/21.............................. 3,500 3,549,676 # 3.350%, 08/15/22.............................. 1,300 1,247,483 Wisconsin Electric Power Co. 2.950%, 09/15/21.............................. 6,675 7,038,307 WR Berkley Corp. 5.375%, 09/15/20.............................. 800 910,082 Wyndham Worldwide Corp. # 3.900%, 03/01/23.............................. 11,073 11,316,207 Xerox Corp. # 4.500%, 05/15/21.............................. 5,000 5,456,095 Yum! Brands, Inc. # 3.750%, 11/01/21.............................. 5,830 6,150,359 3.875%, 11/01/23.............................. 3,195 3,360,082 Zimmer Holdings, Inc. 4.625%, 11/30/19.............................. 2,500 2,789,800 Zoetis, Inc. 3.250%, 02/01/23.............................. 6,000 6,079,890 -------------- TOTAL BONDS......................................... 2,314,794,240 -------------- SHARES/ FACE AMOUNT (000) ----------- SECURITIES LENDING COLLATERAL -- (17.5%) (S)@ DFA Short Term Investment Fund................ 44,327,739 512,871,938 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,817,253,918)^^........................... $2,926,631,165 ============== 800 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Agency Obligations.............. -- $ 98,964,987 -- $ 98,964,987 Bonds........................... -- 2,314,794,240 -- 2,314,794,240 Securities Lending Collateral... -- 512,871,938 -- 512,871,938 -- -------------- -- -------------- TOTAL........................... -- $2,926,631,165 -- $2,926,631,165 == ============== == ============== 801 DFA INVESTMENT GRADE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ----------- -------------- AFFILIATED INVESTMENT COMPANIES -- (99.4%) Investment in DFA Intermediate-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc......................................... 120,044,290 $1,336,092,946 Investment in DFA Intermediate Government Fixed Income Portfolio of DFA Investment Dimensions Group Inc......................................... 78,677,071 1,014,934,216 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc.. 33,173,256 361,920,228 Investment in DFA Short-Term Government Portfolio of DFA Investment Dimensions Group Inc............ 10,748,625 115,547,714 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $2,741,512,297).......................... 2,828,495,104 -------------- TEMPORARY CASH INVESTMENTS -- (0.6%) State Street Institutional Liquid Reserves, 0.089% (Cost $15,653,657)......................... 15,653,657 15,653,657 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,757,165,954)^^........................ $2,844,148,761 ============== 802 DFA INVESTMENT GRADE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------- ------- -------------- Affiliated Investment Companies...................... $2,828,495,104 -- -- $2,828,495,104 Temporary Cash Investments....... 15,653,657 -- -- 15,653,657 -------------- -- -- -------------- TOTAL............................ $2,844,148,761 -- -- $2,844,148,761 ============== == == ============== 803 DFA INFLATION-PROTECTED SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^^^ (000) VALUE+ ---------- -------------- U.S. TREASURY OBLIGATIONS -- (99.8%) Treasury Inflation Protected Security 1.875%, 07/15/19................................ $ 204,000 $ 249,269,116 1.375%, 01/15/20................................ 187,300 221,629,849 1.250%, 07/15/20................................ 177,600 209,011,189 1.125%, 01/15/21................................ 229,500 266,864,366 0.625%, 07/15/21................................ 191,500 211,377,002 0.125%, 01/15/22................................ 162,000 171,643,672 0.125%, 07/15/22................................ 100,500 105,125,762 0.125%, 01/15/23................................ 164,800 170,848,229 0.375%, 07/15/23................................ 101,000 106,327,990 0.625%, 01/15/24................................ 91,000 97,160,466 2.375%, 01/15/25................................ 104,000 160,480,985 2.000%, 01/15/26................................ 97,800 140,088,109 2.375%, 01/15/27................................ 100,000 147,114,985 1.750%, 01/15/28................................ 87,700 117,623,317 3.625%, 04/15/28................................ 80,500 168,857,799 2.500%, 01/15/29................................ 51,000 73,020,554 3.875%, 04/15/29................................ 88,745 190,898,026 3.375%, 04/15/32................................ 16,000 31,880,953 -------------- TOTAL U.S. TREASURY OBLIGATIONS...................... 2,839,222,369 -------------- SHARES ---------- TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional U.S. Government Money Market Fund............................. 6,402,188 6,402,188 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,707,217,528)^^............................ $2,845,624,557 ============== 804 DFA INFLATION-PROTECTED SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- -------------- ------- -------------- U.S. Treasury Obligations..... -- $2,839,222,369 -- $2,839,222,369 Temporary Cash Investments................. $6,402,188 -- -- 6,402,188 ---------- -------------- -- -------------- TOTAL......................... $6,402,188 $2,839,222,369 -- $2,845,624,557 ========== ============== == ============== 805 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ----------- MUNICIPAL BONDS -- (99.4%) ALABAMA -- (0.4%) Alabama State (GO) Series A 5.000%, 08/01/19.................................... $4,500 $ 5,325,660 City of Birmingham (GO) Series A (NATL-RE) 5.000%, 04/01/16.................................... 2,800 2,954,392 ----------- TOTAL ALABAMA............................................ 8,280,052 ----------- ARIZONA -- (1.2%) Arizona State Transportation Board (RB) 5.000%, 07/01/17.................................... 2,105 2,327,183 5.000%, 07/01/18.................................... 5,050 5,770,888 City of Phoenix (GO) 4.000%, 07/01/20.................................... 1,085 1,247,294 City of Phoenix (GO) Series A 5.000%, 07/01/15.................................... 1,250 1,274,950 Maricopa County Community College District (GO) 4.000%, 07/01/18.................................... 2,210 2,444,945 3.000%, 07/01/20.................................... 6,505 7,159,403 Pima County (GO) 3.000%, 07/01/16.................................... 1,625 1,684,735 Salt River Project Agricultural Improvement & Power District (RB) Series B 4.000%, 01/01/16.................................... 5,000 5,174,650 ----------- TOTAL ARIZONA............................................ 27,084,048 ----------- ARKANSAS -- (0.7%) Arkansas State (GO) 5.000%, 04/01/18.................................... 6,890 7,820,770 5.000%, 04/01/19.................................... 7,240 8,461,750 ----------- TOTAL ARKANSAS........................................... 16,282,520 ----------- COLORADO -- (0.9%) City & County of Denver (GO) Series A 5.000%, 08/01/17.................................... 3,110 3,450,389 5.000%, 08/01/18.................................... 7,745 8,877,319 5.000%, 08/01/20.................................... 4,920 5,960,285 Denver City & County School District No. 1 (GO) Series B (ST AID WITHHLDG) 4.000%, 12/01/18.................................... 1,185 1,319,012 ----------- TOTAL COLORADO........................................... 19,607,005 ----------- CONNECTICUT -- (3.0%) Connecticut State (GO) Series A 5.000%, 10/15/19.................................... 6,125 7,212,432 FACE AMOUNT (000) VALUE+ ------- ----------- CONNECTICUT -- (Continued) Connecticut State (GO) Series B (AMBAC) 5.250%, 06/01/18.................................... $17,310 $19,807,660 Connecticut State (GO) Series C 5.000%, 12/01/15.................................... 4,000 4,160,560 5.000%, 06/01/18.................................... 9,980 11,338,378 Connecticut State (GO) Series F 4.000%, 11/15/17.................................... 6,065 6,608,121 Connecticut State Special Tax Revenue (RB) 5.000%, 01/01/19.................................... 11,000 12,673,100 Hartford County Metropolitan District (GO) Series A 4.000%, 07/15/15.................................... 3,900 3,967,821 ----------- TOTAL CONNECTICUT........................................ 65,768,072 ----------- DELAWARE -- (1.6%) Delaware State (GO) 5.000%, 07/01/19.................................... 5,000 5,888,750 Delaware State (GO) Series 2009C 5.000%, 10/01/17.................................... 1,535 1,713,705 Delaware State (GO) Series A 4.000%, 08/01/17.................................... 5,100 5,536,152 5.000%, 08/01/19.................................... 5,745 6,782,374 Delaware State (GO) Series C 5.000%, 03/01/18.................................... 5,265 5,962,823 Delaware Transportation Authority (RB) Series A 5.000%, 07/01/15.................................... 3,480 3,549,287 5.000%, 07/01/15.................................... 4,270 4,355,016 ----------- TOTAL DELAWARE........................................... 33,788,107 ----------- FLORIDA -- (3.4%) Florida State (GO) Series A 5.000%, 06/01/17.................................... 555 611,837 5.000%, 06/01/18.................................... 4,000 4,554,360 5.000%, 06/01/19.................................... 19,310 22,624,948 5.000%, 06/01/19.................................... 10,100 11,833,867 5.000%, 06/01/20.................................... 2,850 3,421,653 Florida State (GO) Series B 5.000%, 06/01/16.................................... 2,500 2,656,625 5.000%, 06/01/17.................................... 9,700 10,693,377 Florida State (GO) Series C 5.000%, 06/01/15.................................... 6,440 6,541,237 Florida's Turnpike Enterprise (RB) Series B 5.000%, 07/01/16.................................... 10,180 10,847,401 ----------- TOTAL FLORIDA............................................ 73,785,305 ----------- 806 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- GEORGIA -- (4.0%) Athens-Clarke County Unified Government Water & Sewerage Revenue (RB) 5.000%, 01/01/17................................... $ 1,100 $ 1,193,236 City of Albany (GO) 3.000%, 06/01/17................................... 2,220 2,326,493 De Kalb County School District (GO) (ST AID WITHHLDG) 4.000%, 11/01/17................................... 8,575 9,293,156 Georgia State (GO) Series A 5.000%, 07/01/19................................... 7,350 8,656,463 Georgia State (GO) Series A-1 5.000%, 02/01/20................................... 4,210 5,037,055 Georgia State (GO) Series D 5.000%, 07/01/17................................... 10,000 11,065,700 5.000%, 02/01/19................................... 7,970 9,279,072 Georgia State (GO) Series E-1 4.500%, 07/01/19................................... 6,890 7,966,080 Georgia State (GO) Series I 5.000%, 07/01/19................................... 17,475 20,581,181 Georgia State Road & Tollway Authority (RB) Series A 5.000%, 06/01/16................................... 255 270,308 5.000%, 06/01/17................................... 1,000 1,098,740 Georgia State Road & Tollway Authority (RB) Series B (ST GTD) 5.000%, 10/01/17................................... 8,510 9,481,587 ----------- TOTAL GEORGIA.......................................... 86,249,071 ----------- HAWAII -- (2.9%) City & County of Honolulu (GO) Series B 5.000%, 11/01/19................................... 8,000 9,461,920 City & County of Honolulu (GO) Series B (AGM) 5.250%, 07/01/17................................... 1,175 1,305,049 City & County of Honolulu (GO) Series B (FSA) (AGM) 5.250%, 07/01/15................................... 4,220 4,308,536 Hawaii State (GO) Series DG (AMBAC) 5.000%, 07/01/15................................... 15,945 16,262,465 Hawaii State (GO) Series DK 5.000%, 05/01/16................................... 7,420 7,851,844 Hawaii State (GO) Series DR 5.000%, 06/01/19................................... 9,725 11,398,964 Hawaii State (GO) Series EE 5.000%, 11/01/18................................... 11,495 13,266,379 ----------- TOTAL HAWAII........................................... 63,855,157 ----------- FACE AMOUNT (000) VALUE+ ------ ----------- ILLINOIS -- (0.6%) Central Lake County Joint Action Water Agency (RB) 4.000%, 05/01/18................................... $6,195 $ 6,828,067 City of Peoria (GO) Series D 4.000%, 01/01/17................................... 1,620 1,719,889 Du Page Cook & Will Counties Community College District No. 502 (GO) 5.000%, 06/01/16................................... 5,000 5,309,800 ----------- TOTAL ILLINOIS......................................... 13,857,756 ----------- IOWA -- (0.2%) State of Iowa (RB) Series A 5.000%, 06/01/18................................... 4,185 4,739,889 ----------- KANSAS -- (0.6%) Kansas State Department of Transportation (RB) Series A 5.000%, 09/01/16................................... 7,000 7,510,790 Kansas State Department of Transportation (RB) Series C 5.000%, 09/01/19................................... 4,975 5,874,928 ----------- TOTAL KANSAS........................................... 13,385,718 ----------- KENTUCKY -- (0.5%) Kentucky State Asset Liability Commission (RB) Series A (AMBAC) 5.000%, 10/01/16................................... 500 537,715 Louisville & Jefferson County Metropolitan Sewer District (RB) Series B 5.000%, 05/15/15................................... 9,415 9,543,515 ----------- TOTAL KENTUCKY......................................... 10,081,230 ----------- LOUISIANA -- (0.2%) Louisiana State (GO) Series A 5.000%, 02/01/18................................... 4,000 4,510,880 Saint Tammany Parish Wide School District No.12 (GO) (ASSURED GTY) 5.000%, 03/01/16................................... 930 977,291 ----------- TOTAL LOUISIANA........................................ 5,488,171 ----------- MARYLAND -- (6.3%) Baltimore County (GO) Series B 5.000%, 08/01/17................................... 6,550 7,261,723 Charles County (GO) 5.000%, 03/01/19................................... 2,450 2,857,435 Maryland State (GO) 5.000%, 03/01/19................................... 6,300 7,350,462 5.000%, 08/01/19................................... 2,000 2,360,180 807 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ MARYLAND -- (Continued) Maryland State (GO) Series A 5.000%, 03/01/16.................................... $ 3,900 $ 4,101,786 5.000%, 08/01/19.................................... 20,000 23,601,800 Maryland State (GO) Series B 5.000%, 08/01/19.................................... 11,500 13,571,035 Maryland State (GO) Series C 5.000%, 03/01/16.................................... 1,000 1,051,740 5.000%, 11/01/18.................................... 9,305 10,753,882 Prince George's County (GO) Series B 5.000%, 09/15/18.................................... 16,190 18,613,481 4.000%, 03/01/19.................................... 9,575 10,788,631 4.000%, 03/01/20.................................... 9,780 11,223,039 Prince George's County (GO) Series C 5.000%, 08/01/18.................................... 10,075 11,536,681 University System of Maryland (RB) Series D 3.000%, 04/01/15.................................... 2,200 2,210,406 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/18.................................... 2,350 2,678,177 Washington Suburban Sanitary Commission (GO) Series A 4.000%, 06/01/18.................................... 5,000 5,530,850 ------------ TOTAL MARYLAND........................................... 135,491,308 ------------ MASSACHUSETTS -- (4.8%) City of Boston (GO) Series A 5.000%, 03/01/18.................................... 3,960 4,488,779 Commonwealth of Massachusetts (GO) Series B 5.000%, 08/01/18.................................... 3,750 4,296,863 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20.................................... 8,500 10,246,750 Commonwealth of Massachusetts (GO) Series C (GO OF CMNWLTH) 5.500%, 11/01/15.................................... 7,200 7,487,064 Commonwealth of Massachusetts (GO) Series D (AMBAC) 5.500%, 10/01/19.................................... 4,220 5,088,560 Commonwealth of Massachusetts (GO) Series E 5.000%, 12/01/17.................................... 15,000 16,841,400 Massachusetts Bay Transportation Authority (RB) Series A 5.250%, 07/01/19.................................... 3,115 3,694,888 Massachusetts Bay Transportation Authority (RB) Series B 5.250%, 07/01/16.................................... 10,000 10,695,100 FACE AMOUNT (000) VALUE+ ------- ------------ MASSACHUSETTS -- (Continued) Massachusetts Clean Water Trust (The) (RB) 2.000%, 08/01/16.................................... $13,000 $ 13,328,640 5.000%, 08/01/20.................................... 5,830 7,038,442 Massachusetts Water Resources Authority (RB) Series J (AGM GO OF AUTH) 5.250%, 08/01/18.................................... 18,000 20,793,060 ------------ TOTAL MASSACHUSETTS...................................... 103,999,546 ------------ MICHIGAN -- (1.7%) Chippewa Valley Schools (GO) (Q-SBLF) 5.000%, 05/01/17.................................... 1,000 1,092,410 Michigan Finance Authority (RB) Series A 5.000%, 07/01/16.................................... 2,590 2,760,940 5.000%, 07/01/18.................................... 15,150 17,351,295 Michigan State (GO) 5.000%, 11/01/19.................................... 13,000 15,362,360 ------------ TOTAL MICHIGAN........................................... 36,567,005 ------------ MINNESOTA -- (4.9%) Chaska Independent School District No. 112 (GO) Series A (SD CRED PROG) 4.000%, 02/01/15.................................... 5,740 5,740,000 City of Minneapolis (GO) 3.000%, 12/01/15.................................... 8,700 8,905,842 1.000%, 12/01/16.................................... 10,200 10,309,344 2.000%, 12/01/18.................................... 5,085 5,287,027 City of Minneapolis (GO) Series B 4.000%, 12/01/15.................................... 8,830 9,111,677 City of Rochester (GO) Series A 5.000%, 02/01/18.................................... 2,590 2,924,913 Lakeville Independent School District No. 194 (GO) Series D (SD CRED PROG) 5.000%, 02/01/19.................................... 4,425 5,138,531 Minnesota State (GO) Series A 5.000%, 08/01/17.................................... 13,665 15,178,536 Minnesota State (GO) Series B 5.000%, 08/01/19.................................... 4,000 4,722,280 4.000%, 08/01/20.................................... 8,800 10,161,448 Minnesota State (GO) Series E 2.000%, 08/01/19.................................... 725 760,358 Minnesota State (GO) Series F 5.000%, 10/01/17.................................... 12,000 13,403,880 Minnesota State (GO) Series H 5.000%, 11/01/15.................................... 5,000 5,180,800 808 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ MINNESOTA -- (Continued) University of Minnesota (RB) Series A (GO OF UNIV) 5.000%, 12/01/17................................... $ 5,040 $ 5,648,126 Washington County (GO) Series A 5.000%, 02/01/15................................... 3,275 3,275,000 ------------ TOTAL MINNESOTA......................................... 105,747,762 ------------ MISSOURI -- (0.6%) Missouri State (GO) Series A 4.000%, 10/01/17................................... 11,850 12,904,295 ------------ NEBRASKA -- (0.3%) University of Nebraska Facilities Corp. (RB) 5.000%, 07/15/16................................... 5,220 5,570,105 ------------ NEVADA -- (1.6%) Clark County (GO) 5.000%, 11/01/16................................... 7,425 8,004,967 Clark County School District (GO) Series B (AMBAC) 4.500%, 06/15/17................................... 5,770 6,270,317 Clark County School District (GO) Series C 5.000%, 06/15/16................................... 1,000 1,063,210 Nevada State (RB) (c) 4.250%, 12/01/17 (Pre-refunded @ $100, 12/1/15)..................... 15,245 15,754,945 Truckee Meadows Water Authority (RB) 5.000%, 07/01/15................................... 3,900 3,977,649 ------------ TOTAL NEVADA............................................ 35,071,088 ------------ NEW HAMPSHIRE -- (0.2%) City of Dover (GO) 3.000%, 06/15/16................................... 1,850 1,916,637 3.000%, 06/15/17................................... 1,000 1,051,170 City of Nashua (GO) 5.000%, 03/15/17................................... 1,400 1,527,330 ------------ TOTAL NEW HAMPSHIRE..................................... 4,495,137 ------------ NEW JERSEY -- (0.7%) East Windsor Regional School District (GO) (SCH BD RES FD) 3.000%, 03/01/16................................... 625 643,100 Livingston Township (GO) 3.000%, 01/15/16................................... 1,335 1,367,787 3.000%, 01/15/17................................... 1,810 1,891,450 New Jersey State (GO) 5.000%, 06/01/18................................... 5,990 6,748,454 FACE AMOUNT (000) VALUE+ ------- ----------- NEW JERSEY -- (Continued) New Jersey State (GO) Series H 5.250%, 07/01/15.................................... $ 3,500 $ 3,571,365 ----------- TOTAL NEW JERSEY......................................... 14,222,156 ----------- NEW MEXICO -- (0.8%) City of Albuquerque (GO) Series A 5.000%, 07/01/18.................................... 4,775 5,451,427 New Mexico State (GO) 5.000%, 03/01/17.................................... 4,745 5,193,497 New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/19.................................... 6,500 7,630,740 ----------- TOTAL NEW MEXICO......................................... 18,275,664 ----------- NEW YORK -- (7.8%) City of New York (GO) Series 1 5.000%, 08/01/17.................................... 875 969,150 City of New York (GO) Series B 5.000%, 08/01/15.................................... 10,000 10,240,300 City of New York (GO) Series C 5.000%, 08/01/15.................................... 2,630 2,693,199 City of New York (GO) Series G 5.000%, 08/01/18.................................... 8,000 9,130,880 5.000%, 08/01/19.................................... 15,310 17,949,138 City of New York (GO) Series H-2 3.000%, 06/01/16.................................... 4,000 4,142,680 City of New York (GO) Series H-A 5.000%, 03/01/19.................................... 10,105 11,723,720 City of New York (GO) Series I 4.000%, 08/01/15.................................... 4,130 4,208,966 Long Beach City School District (GO) (ST AID WITHHLDG) 3.000%, 05/01/16.................................... 3,740 3,864,579 New York State (GO) Series C 3.000%, 02/01/15.................................... 3,010 3,010,000 New York State Dormitory Authority (RB) Series A 5.000%, 02/15/15.................................... 1,020 1,021,816 5.000%, 03/15/16.................................... 20,000 21,069,800 5.000%, 02/15/18.................................... 11,440 12,923,539 New York State Dormitory Authority (RB) Series A (ETM) 5.000%, 02/15/15.................................... 5 5,007 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19.................................... 700 815,031 New York State Urban Development Corp. (RB) 5.000%, 12/15/17.................................... 5,765 6,473,634 5.000%, 12/15/18.................................... 250 289,557 809 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ NEW YORK -- (Continued) New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/17................................... $ 2,195 $ 2,401,945 Suffolk County (GO) Series A 4.000%, 04/01/16................................... 1,035 1,079,495 3.000%, 05/15/16................................... 3,325 3,439,646 Suffolk County (GO) Series B 3.000%, 10/15/15................................... 4,290 4,374,556 3.000%, 10/15/16................................... 2,000 2,086,120 Suffolk County (GO) Series B (AGM) 5.250%, 05/01/16................................... 3,315 3,518,209 Suffolk County (GO) Series C 4.000%, 10/15/15................................... 5,890 6,047,086 Town of Brookhaven (GO) Series A 3.000%, 02/01/19................................... 5,080 5,482,793 Town of Hempstead (GO) Series B 5.000%, 02/01/17................................... 5,165 5,617,506 5.000%, 02/01/18................................... 9,915 11,174,998 Triborough Bridge & Tunnel Authority (RB) Series B 4.000%, 11/15/18................................... 11,860 13,223,426 ------------ TOTAL NEW YORK......................................... 168,976,776 ------------ NORTH CAROLINA -- (3.9%) City of Charlotte (GO) Series B 5.000%, 06/01/16................................... 2,335 2,479,046 County of Onslow NC (GO) 4.000%, 12/01/17................................... 525 572,602 Mecklenburg County (GO) Series B 2.000%, 03/01/16................................... 5,000 5,097,700 North Carolina State (GO) Series A 5.000%, 03/01/17................................... 14,595 15,968,097 5.000%, 03/01/19................................... 5,000 5,842,450 North Carolina State (GO) Series B 5.000%, 04/01/16................................... 7,350 7,757,043 5.000%, 06/01/18................................... 29,730 33,987,336 Sanford Enterprise (RB) Series A 5.000%, 06/01/15................................... 2,540 2,580,081 Wake County (GO) Series A 5.000%, 05/01/17................................... 2,675 2,936,615 Wake County (GO) Series B 5.000%, 05/01/18................................... 4,625 5,259,689 Wake County (GO) Series C 5.000%, 03/01/15................................... 1,400 1,405,544 ------------ TOTAL NORTH CAROLINA................................... 83,886,203 ------------ OHIO -- (4.1%) City of Columbus (GO) Series 1 5.000%, 07/01/20................................... 10,000 12,065,500 FACE AMOUNT (000) VALUE+ ------- ----------- OHIO -- (Continued) City of Columbus (GO) Series A 5.000%, 02/15/17................................... $ 8,550 $ 9,342,756 5.000%, 02/15/19................................... 10,000 11,658,200 Greater Cleveland Regional Transit Authority (GO) Series B 5.000%, 12/01/16................................... 2,725 2,950,085 Mason City School District (GO) (ETM) (NATL-RE FGIC) 5.000%, 12/01/15................................... 470 488,828 Mason City School District (GO) (NATL-RE FGIC) 5.000%, 12/01/15................................... 1,530 1,591,414 Ohio State (GO) 5.000%, 11/01/15................................... 2,425 2,512,688 5.000%, 09/01/19................................... 4,215 4,973,321 Ohio State (GO) Series A 3.000%, 05/01/20................................... 5,000 5,485,200 5.000%, 05/01/20................................... 7,000 8,390,620 Ohio State (GO) Series B 5.000%, 08/01/19................................... 4,420 5,205,301 5.000%, 08/01/20................................... 10,000 12,049,100 Ohio State (GO) Series C 5.000%, 08/01/15................................... 4,000 4,096,120 5.000%, 08/01/17................................... 2,475 2,746,532 Ohio State University (The) (RB) Series A (ETM) 4.000%, 12/01/15................................... 55 56,750 Ohio State University (The) (RB) Series A (UP) 4.000%, 12/01/15................................... 945 975,146 Ohio State Water Development Authority (RB) Series A 5.000%, 06/01/16................................... 3,080 3,272,130 ----------- TOTAL OHIO............................................. 87,859,691 ----------- OKLAHOMA -- (1.3%) Cleveland County Independent School District No. 29 (GO) 1.500%, 03/01/16................................... 4,415 4,473,720 1.500%, 03/01/17................................... 1,465 1,488,484 Payne County Independent School District No. 16 Stillwater (GO) 1.500%, 06/01/17................................... 3,355 3,411,330 Tulsa County Independent School District No. 1 Tulsa (GO) Series B 2.000%, 08/01/17................................... 5,800 5,984,440 Tulsa County Independent School District No. 1 Tulsa (GO) Series C 1.500%, 07/01/18................................... 5,745 5,885,810 Tulsa County Independent School District No. 3 (GO) 2.000%, 04/01/15................................... 2,425 2,432,105 810 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- OKLAHOMA -- (Continued) 2.000%, 04/01/16................................... $ 4,300 $ 4,386,473 ----------- TOTAL OKLAHOMA......................................... 28,062,362 ----------- OREGON -- (0.9%) City of Portland (GO) Series A 4.000%, 06/01/15................................... 2,000 2,025,400 Jackson County School District No. 5 (GO) (NATL-RE FGIC SCH BD GTY) 5.000%, 06/15/15................................... 1,965 1,999,879 Multnomah County (GO) 5.000%, 08/01/19................................... 4,580 5,389,332 Oregon State (GO) Series I 5.000%, 05/01/17................................... 7,565 8,324,677 Washington County School District No. 15 Forest Grove (GO) (AGM SCH BD GTY) 5.250%, 06/15/15................................... 1,555 1,583,316 ----------- TOTAL OREGON........................................... 19,322,604 ----------- PENNSYLVANIA -- (5.3%) Commonwealth of Pennsylvania (GO) 5.000%, 07/01/18................................... 3,755 4,271,951 Commonwealth of Pennsylvania (GO) Series 1 5.000%, 04/01/17................................... 10,000 10,939,800 5.000%, 11/15/18................................... 10,645 12,242,069 5.000%, 07/01/19................................... 7,655 8,925,424 5.000%, 04/01/20................................... 8,500 10,087,375 Commonwealth of Pennsylvania (GO) Series 2 5.000%, 10/15/19................................... 2,250 2,642,715 Commonwealth of Pennsylvania (GO) Series A 5.000%, 02/15/16................................... 7,420 7,785,658 5.000%, 05/01/16................................... 2,025 2,142,329 5.000%, 02/15/19................................... 5,010 5,786,800 Conestoga Valley School District (GO) (ST AID WITHHLDG) 4.000%, 01/15/17................................... 2,680 2,839,460 Council Rock School District (GO) Series C (ST AID WITHHLDG) 5.000%, 11/15/17................................... 5,285 5,903,451 Pennsylvania Economic Dev. Financing Authority (RB) Series A 5.000%, 07/01/17................................... 19,555 21,638,976 5.000%, 07/01/19................................... 13,430 15,798,112 Tredyffrin Easttown School District (GO) (ST AID WITHHLDG) 5.000%, 02/15/15................................... 2,355 2,359,051 FACE AMOUNT (000) VALUE+ ------- ------------ PENNSYLVANIA -- (Continued) Tredyffrin Easttown School District (GO) (ST AID WITHHLDG) (ETM) 5.000%, 02/15/15................................... $ 180 $ 180,266 University of Pittsburgh of the Commonwealth System of Higher Education (RB) Series B (GO OF UNIV) 5.000%, 09/15/15................................... 1,850 1,905,500 ------------ TOTAL PENNSYLVANIA..................................... 115,448,937 ------------ RHODE ISLAND -- (0.4%) Rholde Island State (GO) (AGM) 5.000%, 02/15/15................................... 2,130 2,133,706 Rholde Island State (GO) (AGM) (ETM) 5.000%, 02/15/15................................... 1,255 1,256,895 Rholde Island State (GO) Series A 4.000%, 08/01/17................................... 2,065 2,235,693 Rholde Island State (GO) Series E (NATL-RE) 5.000%, 11/01/15................................... 2,260 2,340,863 ------------ TOTAL RHODE ISLAND..................................... 7,967,157 ------------ SOUTH CAROLINA -- (3.5%) Beaufort County School District (GO) Series D (SCSDE) 5.000%, 03/01/17................................... 6,425 7,019,634 Charleston County School District Dev. Corp. (GO) Series A (SCSDE) 5.000%, 02/01/19................................... 7,595 8,819,694 Clemson University (RB) 2.000%, 05/01/16................................... 1,355 1,383,699 Florence County (GO) (ST AID WITHHLDG) 4.000%, 06/01/19................................... 15,000 16,866,000 Richland County School District No. 2 (GO) Series C (SCSDE) 5.000%, 02/01/16................................... 6,330 6,632,827 5.000%, 02/01/19................................... 5,740 6,668,043 South Carolina State (GO) Series A 4.000%, 06/01/15................................... 6,000 6,076,200 5.000%, 06/01/20................................... 7,445 8,968,321 South Carolina State (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/16................................... 7,415 7,984,620 York County School District No. 3 (GO) Series B (SCSDE) 5.000%, 03/01/15................................... 4,770 4,788,460 ------------ TOTAL SOUTH CAROLINA................................... 75,207,498 ------------ 811 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- SOUTH DAKOTA -- (0.1%) Sioux Falls School District No. 49-5 (GO) Series B 5.000%, 07/01/15................................... $ 1,500 $ 1,529,310 ----------- TENNESSEE -- (1.7%) City of Chattanooga (GO) Series A 4.000%, 09/01/18................................... 9,160 10,180,699 City of Kingsport (GO) Series B 3.000%, 04/01/17................................... 2,005 2,093,461 City of Memphis (GO) (NATL-RE) 5.250%, 10/01/18................................... 4,000 4,618,480 City of Memphis (GO) Series A 5.000%, 04/01/17................................... 1,230 1,347,268 City of Memphis (GO) Series D 5.000%, 07/01/19................................... 4,180 4,885,458 Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd (RB) Series E 4.000%, 10/01/17................................... 1,500 1,631,790 Shelby County (GO) Series A 5.000%, 04/01/20................................... 10,000 12,000,400 ----------- TOTAL TENNESSEE........................................ 36,757,556 ----------- TEXAS -- (11.7%) Carrollton-Farmers Branch Independent School District (GO) (PSF-GTD) 5.000%, 02/15/16................................... 6,570 6,897,317 City of Dallas (GO) 5.000%, 02/15/15................................... 11,790 11,811,104 City of Dallas (GO) (ETM) 5.000%, 02/15/15................................... 10 10,015 City of Dallas (GO) Series A 5.000%, 02/15/16................................... 2,520 2,645,269 City of Dallas (GO) Series A (ETM) 5.000%, 02/15/16................................... 10 10,490 City of Dallas (GO) Series C 5.000%, 02/15/15................................... 2,430 2,434,350 City of Dallas (GO) Series C (ETM) 5.000%, 02/15/15................................... 10 10,015 City of El Paso (GO) 3.000%, 08/15/17................................... 500 529,185 City of Fort Worth Water & Sewer System (RB) 5.000%, 02/15/18................................... 10,690 12,055,647 5.000%, 02/15/19................................... 830 962,261 City of Frisco (GO) (NATL-RE FGIC) 5.250%, 02/15/16................................... 1,175 1,236,429 City of Houston (GO) Series A 4.000%, 03/01/16................................... 4,500 4,682,520 5.000%, 03/01/16................................... 17,850 18,765,526 FACE AMOUNT (000) VALUE+ ------- ----------- TEXAS -- (Continued) 4.000%, 03/01/18................................... $ 2,000 $ 2,200,420 City of Houston (RN) 5.000%, 06/30/15................................... 10,000 10,202,100 City of San Antonio (GO) 5.000%, 02/01/20................................... 7,350 8,746,426 City of San Antonio Electric & Gas (RB) 5.375%, 02/01/15................................... 5,975 5,975,000 City of San Antonio Electric & Gas (RB) Series A 5.000%, 02/01/15................................... 3,025 3,025,000 5.000%, 02/01/16................................... 2,875 3,012,540 City of San Antonio Electric & Gas (RB) Series D 5.000%, 02/01/19................................... 700 812,875 Comal Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/01/18................................... 3,990 4,504,670 Dallas Area Rapid Transit (RB) Series A 5.000%, 12/01/16................................... 8,000 8,660,800 Dallas Independent School District (GO) (PSF-GTD) 5.250%, 02/15/18................................... 2,000 2,275,640 Denton County (GO) Series A 5.000%, 07/15/15................................... 3,960 4,046,724 El Paso County (GO) (NATL-RE) 5.000%, 02/15/16................................... 2,490 2,605,038 Fort Bend Independent School District (GO) (PSF-GTD) 5.000%, 08/15/15................................... 3,000 3,077,940 Houston Independent School District (GO) Series A-1 5.000%, 02/15/15................................... 4,000 4,007,120 Mesquite Independent School District (GO) Series B (PSF-GTD) 5.000%, 08/15/17................................... 1,000 1,110,600 North Texas Municipal Water District (RB) 5.000%, 06/01/16................................... 2,130 2,262,273 Northwest Independent School District (GO) (PSF-GTD) 5.000%, 02/15/15................................... 1,000 1,001,760 Nueces County (GO) 2.000%, 02/15/15................................... 2,375 2,376,639 Permanent University Fund (RB) 5.000%, 07/01/18................................... 12,585 14,381,509 Plano Independent School District (GO) (PSF-GTD) 5.000%, 02/15/17................................... 900 982,296 San Jacinto College District (GO) 5.000%, 02/15/17................................... 5,000 5,432,700 812 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ TEXAS -- (Continued) Texas Public Finance Authority (RB) Series A 5.000%, 07/01/15................................... $10,000 $ 10,198,300 5.000%, 01/01/16................................... 3,345 3,492,515 Texas State (GO) 5.000%, 10/01/16................................... 5,000 5,401,500 5.000%, 04/01/17................................... 15,000 16,464,150 5.000%, 04/01/19................................... 4,350 5,078,234 Texas State (GO) Series A 2.000%, 10/01/15................................... 14,330 14,508,122 Texas State (GO) Series B 5.000%, 10/01/16................................... 10,070 10,838,341 Texas Tech University (RB) Series 12 5.000%, 02/15/16................................... 2,095 2,198,912 Texas Tech University (RB) Series A 5.000%, 08/15/19................................... 3,025 3,552,318 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 04/01/18................................... 5,000 5,670,400 5.000%, 04/01/19................................... 5,110 5,965,465 Travis County (GO) 4.000%, 03/01/15................................... 5,365 5,381,578 University of Texas System (The) (RB) Series C 5.000%, 08/15/19................................... 7,975 9,407,788 University of Texas System (The) (RB) Series F 5.000%, 08/15/15................................... 2,405 2,467,482 ------------ TOTAL TEXAS............................................ 253,375,303 ------------ UTAH -- (1.6%) Alpine School District (GO) (SCH BD GTY) 3.000%, 03/15/16................................... 2,770 2,855,316 4.500%, 03/15/17................................... 4,000 4,333,360 Jordan School District (GO) (SCH BD GTY) 5.000%, 06/15/19................................... 16,420 19,248,181 Utah State (GO) Series C 4.500%, 07/01/19................................... 6,675 7,723,776 ------------ TOTAL UTAH............................................. 34,160,633 ------------ VERMONT -- (--%) Vermont State (GO) Series F 5.000%, 08/15/17................................... 625 695,131 ------------ VIRGINIA -- (7.0%) City of Norfolk (GO) Series A 4.000%, 03/01/16................................... 2,000 2,080,900 FACE AMOUNT (000) VALUE+ ------- ------------ VIRGINIA -- (Continued) City of Norfolk (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19................................... $ 2,500 $ 2,950,250 City of Richmond (GO) Series A (AGM) 5.000%, 07/15/15................................... 5,040 5,149,922 City of Richmond (GO) Series C (ST AID WITHHLDG) 5.000%, 07/15/15................................... 5,325 5,441,138 City of Virginia Beach (GO) Series A 4.000%, 08/01/17................................... 145 156,986 Commonwealth of Virginia (GO) Series B 5.000%, 06/01/17................................... 10,460 11,544,074 5.000%, 06/01/19................................... 10,250 12,038,113 5.000%, 06/01/19................................... 5,705 6,700,237 Fairfax County (GO) Series A (ST AID WITHHLDG) 4.000%, 04/01/16................................... 3,065 3,198,205 4.000%, 10/01/18................................... 5,380 6,005,640 4.000%, 10/01/19................................... 12,300 13,969,233 4.000%, 10/01/20................................... 15,530 17,957,028 Fairfax County (GO) Series B (ST AID WITHHLDG) 5.000%, 10/01/18................................... 10,000 11,522,900 4.000%, 04/01/19................................... 7,000 7,895,930 Henrico County (GO) 5.000%, 07/15/19................................... 5,460 6,418,066 Virginia Public Building Authority (RB) Series A 5.000%, 08/01/18................................... 8,370 9,565,655 Virginia Public School Authority (RB) (ST AID WITHHLDG) 5.000%, 08/01/19................................... 15,580 18,250,724 Virginia Resources Authority (RB) Series B 4.000%, 10/01/19................................... 4,875 5,531,858 Virginia State Public School Authority (RB) (ST AID WITHHLDG) 5.000%, 07/15/19................................... 4,080 4,786,207 ------------ TOTAL VIRGINIA......................................... 151,163,066 ------------ WASHINGTON -- (4.6%) Central Puget Sound Regional Transit Authority (RB) Series P-1 5.000%, 02/01/18................................... 3,000 3,382,200 City of Seattle (GO) 5.000%, 12/01/17................................... 4,050 4,531,424 City of Seattle (GO) Series B 5.000%, 08/01/15................................... 7,385 7,562,462 813 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ----------- -------------- WASHINGTON -- (Continued) City of Seattle Water System Revenue (RB) 5.000%, 09/01/19................................ $ 3,890 $ 4,578,374 King County School District No. 405 Bellevue (GO) Series B (SCH BD GTY) 5.000%, 12/01/16................................ 4,080 4,416,233 King County School District No. 414 Lake Washington (GO) (SCH BD GTY) 4.000%, 12/01/15................................ 2,430 2,507,104 King County Sewer Revenue (RB) 4.000%, 01/01/16................................ 6,510 6,736,808 5.000%, 01/01/18................................ 4,670 5,249,967 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/15................................ 5,000 5,199,000 5.000%, 12/01/18................................ 2,390 2,745,919 5.000%, 12/01/19................................ 5,810 6,859,867 Washington State (GO) 5.000%, 07/01/17................................ 4,975 5,500,111 5.000%, 07/01/20................................ 3,650 4,380,511 Washington State (GO) Series 2010A 5.000%, 08/01/18................................ 4,500 5,151,195 Washington State (GO) Series A 5.000%, 01/01/16................................ 2,000 2,088,020 5.000%, 08/01/18................................ 2,735 3,130,782 Washington State (GO) Series D 5.000%, 02/01/19................................ 1,710 1,984,284 Washington State (GO) Series E 5.000%, 02/01/19................................ 4,080 4,734,432 Washington State (GO) Series R 5.000%, 07/01/18................................ 7,065 8,065,828 Washington State (GO) Series R-2010A 5.000%, 01/01/17................................ 1,215 1,319,927 Washington State (GO) Series R-2011C 4.000%, 07/01/15................................ 4,000 4,063,520 Washington State (GO) Series R-2015 5.000%, 07/01/18................................ 4,160 4,749,306 -------------- TOTAL WASHINGTON..................................... 98,937,274 -------------- WISCONSIN -- (3.4%) City of Milwaukee (GO) Series N2 5.000%, 04/01/17................................ 5,000 5,468,750 5.000%, 05/01/19................................ 10,010 11,682,271 5.000%, 04/01/20................................ 4,715 5,624,146 State of Wisconsin (GO) Series 1 (AMBAC) 5.000%, 05/01/19................................ 3,000 3,512,100 FACE AMOUNT (000) VALUE+ ----------- -------------- WISCONSIN -- (Continued) Wisconsin State (GO) Series 1 (AMBAC) 5.000%, 05/01/15................................ $ 6,510 $ 6,587,078 5.000%, 05/01/16................................ 14,075 14,894,165 5.000%, 05/01/17................................ 9,000 9,895,230 Wisconsin State (GO) Series 2 5.000%, 11/01/19................................ 4,000 4,745,240 Wisconsin State (GO) Series A 4.000%, 05/01/16................................ 5,090 5,323,224 5.000%, 05/01/16................................ 4,780 5,058,196 -------------- TOTAL WISCONSIN...................................... 72,790,400 -------------- TOTAL MUNICIPAL BONDS................................ 2,150,736,068 -------------- SHARES ----------- TEMPORARY CASH INVESTMENTS -- (0.6%) JPMorgan Tax Free Money Market Fund, 0.010%..... 12,071,069 12,071,069 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,141,260,617)^^............................ $2,162,807,137 ============== 814 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Municipal Bonds.............. -- $2,150,736,068 -- $2,150,736,068 Temporary Cash Investments... $12,071,069 -- -- 12,071,069 ----------- -------------- -- -------------- TOTAL........................ $12,071,069 $2,150,736,068 -- $2,162,807,137 =========== ============== == ============== 815 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ----------- MUNICIPAL BONDS -- (98.5%) ALASKA -- (1.5%) Borough of North Slope (GO) Series A 4.000%, 06/30/18.................................... $ 400 $ 441,776 City of Anchorage (GO) Series B 5.000%, 09/01/21.................................... 3,845 4,730,542 5.000%, 09/01/23.................................... 200 253,366 City of Anchorage (GO) Series C 5.000%, 09/01/24.................................... 2,765 3,520,453 ----------- TOTAL ALASKA............................................. 8,946,137 ----------- ARIZONA -- (1.3%) City of Phoenix (GO) Series A 5.000%, 07/01/15.................................... 400 407,984 City of Scottsdale (GO) 5.000%, 07/01/15.................................... 500 510,000 Maricopa County Community College District (GO) 4.000%, 07/01/18.................................... 4,000 4,425,240 Maricopa County High School District No. 210-Phoenix (GO) 3.000%, 07/01/23.................................... 1,810 2,001,100 Pima County (GO) 3.000%, 07/01/16.................................... 450 466,542 ----------- TOTAL ARIZONA............................................ 7,810,866 ----------- ARKANSAS -- (0.5%) Arkansas State (GO) 5.000%, 04/01/18.................................... 2,500 2,837,725 Springdale School District No. 50 (GO) Series A (ST AID WITHHLDG) 4.000%, 06/01/16.................................... 400 419,664 ----------- TOTAL ARKANSAS........................................... 3,257,389 ----------- CALIFORNIA -- (--%) Los Angeles Unified School District (GO) Series KRY 5.000%, 07/01/15.................................... 250 254,978 ----------- COLORADO -- (1.6%) Adams & Arapahoe Joint School District 28J (GO) (ST AID WITHHLDG) 5.000%, 12/01/21.................................... 425 525,495 Arapahoe County School District No. 5 (GO) (ST AID WITHHLDG) 3.000%, 12/15/16.................................... 750 785,887 5.000%, 12/15/19.................................... 3,115 3,705,074 Boulder County (RB) 5.000%, 07/15/18.................................... 540 614,785 FACE AMOUNT (000) VALUE+ ------ ----------- COLORADO -- (Continued) City & County of Denver (GO) Series A 5.000%, 08/01/19.................................... $2,085 $ 2,460,488 Denver City & County School District No. 1 (GO) Series C (ST AID WITHHLDG) 3.000%, 12/01/23.................................... 1,540 1,688,826 ----------- TOTAL COLORADO........................................... 9,780,555 ----------- CONNECTICUT -- (3.1%) City of Middletown (GO) 4.000%, 04/01/22.................................... 1,350 1,561,370 Connecticut State (GO) Series A 5.000%, 10/15/17.................................... 2,500 2,784,575 5.000%, 10/15/19.................................... 600 706,524 Connecticut State (GO) Series B (AMBAC) 5.250%, 06/01/18.................................... 6,800 7,781,172 Connecticut State (GO) Series E 5.000%, 08/15/19.................................... 2,775 3,254,686 Connecticut State Special Tax Revenue (ST) Revenue Series A (AMBAC) 4.000%, 08/01/16.................................... 300 316,278 Town of Trumbull (GO) Series A 3.000%, 09/01/15.................................... 1,630 1,656,879 3.000%, 09/01/16.................................... 450 468,711 ----------- TOTAL CONNECTICUT........................................ 18,530,195 ----------- DELAWARE -- (1.9%) Delaware State (GO) Series 2009C 5.000%, 10/01/17.................................... 3,080 3,438,574 Delaware State (GO) Series A 5.000%, 08/01/23.................................... 2,225 2,841,681 Delaware State (GO) Series B 5.000%, 07/01/18.................................... 4,395 5,028,759 ----------- TOTAL DELAWARE........................................... 11,309,014 ----------- FLORIDA -- (3.6%) Board of Governors State University System of Florida (RB) Series A 3.000%, 07/01/24.................................... 2,580 2,768,134 City of Jacksonville (RB) 5.000%, 10/01/18.................................... 315 359,538 City of Tallahassee Energy System (RB) 5.000%, 10/01/20.................................... 250 300,450 Florida State (GO) Series A 5.000%, 06/01/17.................................... 150 165,362 5.000%, 06/01/18.................................... 5,000 5,692,950 5.000%, 06/01/19.................................... 1,860 2,179,306 5.000%, 06/01/20.................................... 4,000 4,802,320 816 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- FLORIDA -- (Continued) Florida State (GO) Series B 5.000%, 06/01/17................................... $ 300 $ 330,723 5.000%, 06/01/20................................... 800 960,464 5.000%, 06/01/23................................... 350 438,991 Florida State (GO) Series D 5.000%, 06/01/22................................... 1,000 1,250,570 Pasco County Water & Sewer (RB) Series A 4.000%, 10/01/17................................... 320 347,763 Tampa Bay Water Supply (RB) 5.000%, 10/01/19................................... 450 532,849 Tampa Bay Water Supply (RB) Series A 5.000%, 10/01/16................................... 1,000 1,076,640 ----------- TOTAL FLORIDA.......................................... 21,206,060 ----------- GEORGIA -- (1.2%) DeKalb County Water & Sewerage Revenue (RB) Series B 5.250%, 10/01/24................................... 2,830 3,636,946 Georgia State Road & Tollway Authority (RB) Series A 5.000%, 06/01/16................................... 1,200 1,272,036 Gordon County School District (GO) (ST AID WITHHLDG) 3.000%, 09/01/17................................... 250 262,090 Gwinnett County Water & Sewerage Authority (RB) (CNTY GTD) 3.000%, 08/01/17................................... 1,675 1,771,698 ----------- TOTAL GEORGIA.......................................... 6,942,770 ----------- HAWAII -- (1.6%) City & County of Honolulu (GO) Series B 5.000%, 08/01/20................................... 1,470 1,771,218 City & County of Honolulu (GO) Series B (AGM) 5.250%, 07/01/17................................... 545 605,321 City & County of Honolulu (GO) Series C 2.000%, 11/01/16................................... 1,230 1,264,342 Hawaii State (GO) Series DO 5.000%, 08/01/16................................... 100 106,959 Hawaii State (GO) Series EA 5.000%, 12/01/21................................... 850 1,047,880 Hawaii State (GO) Series EF 5.000%, 11/01/22................................... 2,240 2,794,265 Maui County (GO) 5.000%, 06/01/18................................... 1,750 1,990,677 ----------- TOTAL HAWAII........................................... 9,580,662 ----------- FACE AMOUNT (000) VALUE+ ------- ----------- ILLINOIS -- (0.2%) Chicago Park District (GO) Series 2008E 5.000%, 11/15/18................................... $ 250 $ 284,905 University of Illinois (RB) Series A 5.000%, 04/01/20................................... 500 592,000 ----------- TOTAL ILLINOIS......................................... 876,905 ----------- IOWA -- (0.2%) City of Ankeny (GO) Series D 4.000%, 06/01/18................................... 700 759,871 State of Iowa (RB) Series A 5.000%, 06/01/18................................... 275 311,462 ----------- TOTAL IOWA............................................. 1,071,333 ----------- KANSAS -- (1.9%) City of Lenexa (GO) Series A 5.000%, 09/01/21................................... 525 645,540 City of Topeka (GO) Series A 4.000%, 08/15/15................................... 450 459,184 Johnson County (GO) Series B 3.000%, 09/01/22................................... 2,260 2,461,253 Johnson County Unified School District No. 232 (GO) Series A 5.000%, 09/01/17................................... 400 443,708 Kansas State Department of Transportation (RB) Series A 5.000%, 09/01/17................................... 4,075 4,533,560 Sedgwick County (GO) Series B 3.000%, 08/01/17................................... 500 528,740 Sedgwick County Unified School District No. 260 (GO) 5.000%, 10/01/21................................... 1,325 1,601,912 Wyandotte County Unified Government (GO) Series A 3.000%, 08/01/18................................... 580 617,439 ----------- TOTAL KANSAS........................................... 11,291,336 ----------- LOUISIANA -- (3.4%) Bossier Parish School Board (GO) 4.000%, 03/01/17................................... 1,020 1,085,943 Lafayette Consolidated Government (RB) Series ST-A 4.000%, 03/01/17................................... 1,330 1,420,254 Louisiana State (GO) Series A 5.000%, 02/01/24................................... 2,000 2,521,540 Louisiana State (GO) Series C 5.000%, 07/15/22................................... 11,990 14,888,702 817 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- LOUISIANA -- (Continued) Saint Tammany Parish Wide School District No.12 (GO) (ASSURED GTY) 5.000%, 03/01/16................................... $ 575 $ 604,239 ----------- TOTAL LOUISIANA........................................ 20,520,678 ----------- MARYLAND -- (8.1%) Anne Arundel County (GO) 5.000%, 04/01/22................................... 2,475 3,070,312 Baltimore County (GO) Series B 5.000%, 08/01/24................................... 5,800 7,453,580 Baltimore County (GO) Series C 4.000%, 09/01/18................................... 2,410 2,682,161 Carroll County (GO) 4.000%, 11/01/18................................... 2,890 3,229,055 Charles County (GO) 5.000%, 03/01/19................................... 2,000 2,332,600 City of Baltimore (GO) Series B 5.000%, 10/15/22................................... 8,060 9,997,463 Howard County (GO) Series A 5.000%, 02/15/18................................... 2,000 2,261,300 Maryland State (GO) 5.000%, 03/01/19................................... 4,680 5,460,343 Maryland State (GO) Series A 5.000%, 03/01/16................................... 1,000 1,051,740 Maryland State (GO) Series B 5.000%, 08/01/19................................... 2,500 2,950,225 Prince George's County (GO) Series B 5.000%, 09/15/18................................... 2,000 2,299,380 4.000%, 03/01/22................................... 2,480 2,907,403 Town of Ocean City (GO) 3.000%, 10/01/18................................... 825 874,335 University System of Maryland (RB) Series D 3.000%, 04/01/15................................... 135 135,639 Washington Suburban Sanitary Commission (GO) Series A 4.000%, 06/01/18................................... 1,550 1,714,563 ----------- TOTAL MARYLAND......................................... 48,420,099 ----------- MASSACHUSETTS -- (5.5%) City of Boston (GO) Series B 4.000%, 01/01/23................................... 1,795 2,118,190 City of Woburn (GO) 4.000%, 09/01/22................................... 350 404,296 Commonwealth of Massachusetts (GO) Series B 5.000%, 08/01/18................................... 2,500 2,864,575 Commonwealth of Massachusetts (GO) Series B (AGM) 5.250%, 09/01/24................................... 3,700 4,810,518 FACE AMOUNT (000) VALUE+ ------ ----------- MASSACHUSETTS -- (Continued) Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20................................... $2,500 $ 3,013,750 Commonwealth of Massachusetts (GO) Series C (AMBAC) 5.500%, 12/01/23................................... 3,500 4,575,515 Massachusetts Bay Transportation Authority (RB) Series B (NATL-RE) 5.500%, 07/01/24................................... 3,020 3,973,897 Massachusetts Water Resources Authority (RB) Series A 5.000%, 08/01/22................................... 3,000 3,736,590 Massachusetts Water Resources Authority (RB) Series J (AGM GO OF AUTH) 5.250%, 08/01/18................................... 2,000 2,310,340 Town of Auburn (GO) 2.000%, 03/15/19................................... 750 782,932 Town of Lynnfield (GO) 4.000%, 07/01/16................................... 1,290 1,357,209 Town of Nantucket (GO) 3.000%, 10/01/22................................... 1,115 1,225,385 Town of Reading (GO) 5.000%, 02/01/18................................... 1,065 1,197,976 Town of Westwood (GO) 3.000%, 06/01/16................................... 600 621,810 ----------- TOTAL MASSACHUSETTS.................................... 32,992,983 ----------- MICHIGAN -- (2.6%) Kentwood Public Schools (GO) 4.000%, 05/01/22................................... 500 573,265 Michigan Finance Authority (RB) Series A 5.000%, 07/01/16................................... 2,500 2,665,000 Michigan State (GO) 5.000%, 11/01/19................................... 4,400 5,199,568 Michigan State Trunk Line Revenue (RB) 5.000%, 11/15/18................................... 5,000 5,762,250 University of Michigan (RB) Series A 4.000%, 04/01/23................................... 1,000 1,175,330 ----------- TOTAL MICHIGAN......................................... 15,375,413 ----------- MINNESOTA -- (3.7%) City of Edina (GO) Series B 3.000%, 02/01/19................................... 305 331,184 Lakeville Minnesota Independent School District No. 194 (GO) Series D (SD CRED PROG) 5.000%, 02/01/22................................... 4,000 4,925,960 818 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- MINNESOTA -- (Continued) Minnesota Public Facilities Authority (RB) Series A 5.000%, 03/01/18.................................... $ 620 $ 700,960 Minnesota State (GO) 5.000%, 10/01/21.................................... 4,660 5,766,330 Minnesota State (GO) Series D 5.000%, 08/01/17.................................... 2,700 2,999,052 5.000%, 08/01/18.................................... 485 556,814 Minnesota State (GO) Series E 2.000%, 08/01/19.................................... 1,810 1,898,274 Rochester Independent School District No. 535 (GO) Series A (SD CRED PROG) 3.000%, 02/01/22.................................... 1,240 1,356,114 State Paul Public Library Agency (GO) Series C 5.000%, 03/01/20.................................... 250 299,362 Stillwater Independent School District No. 834 (GO) Series A (SD CRED PROG) 3.000%, 02/01/16.................................... 1,200 1,232,904 University of Minnesota (RB) Series A (GO OF UNIV) 5.000%, 12/01/17.................................... 1,760 1,972,362 ----------- TOTAL MINNESOTA.......................................... 22,039,316 ----------- MISSISSIPPI -- (0.6%) Mississippi State (GO) Series F 5.000%, 11/01/21.................................... 2,750 3,386,707 ----------- MISSOURI -- (0.8%) City of Kansas City (GO) Series A 4.000%, 02/01/22.................................... 1,150 1,332,700 City of Liberty (GO) 4.000%, 03/01/16.................................... 385 400,658 Missouri State (GO) Series A 4.000%, 10/01/17.................................... 3,000 3,266,910 ----------- TOTAL MISSOURI........................................... 5,000,268 ----------- NEBRASKA -- (0.6%) Omaha Public Power District (RB) Series B 5.000%, 02/01/18.................................... 2,965 3,346,507 ----------- NEVADA -- (0.6%) City of Henderson NV (GO) 5.000%, 06/01/21.................................... 490 597,736 Clark County (RB) (AMBAC) 5.000%, 07/01/16.................................... 400 425,636 Clark County School District (GO) Series A 5.000%, 06/15/19.................................... 1,500 1,747,170 FACE AMOUNT (000) VALUE+ ------ ---------- NEVADA -- (Continued) Clark County School District (GO) Series A (NATL-RE FGIC) 4.500%, 06/15/17.................................... $ 400 $ 434,684 Nevada State (GO) Series D 5.000%, 06/01/17.................................... 425 468,108 ---------- TOTAL NEVADA............................................. 3,673,334 ---------- NEW HAMPSHIRE -- (0.4%) City of Dover (GO) 3.000%, 06/15/19.................................... 600 642,336 City of Nashua (GO) 5.000%, 03/15/17.................................... 330 360,013 City of Portsmouth (GO) 4.000%, 09/15/16.................................... 1,395 1,475,938 ---------- TOTAL NEW HAMPSHIRE...................................... 2,478,287 ---------- NEW JERSEY -- (1.2%) Essex County (GO) Series A 5.000%, 08/01/20.................................... 1,000 1,204,320 Livingston Township (GO) 3.000%, 01/15/21.................................... 350 373,993 New Milford School District (GO) (SCH BD RES FD) 4.000%, 08/15/16.................................... 440 464,147 Princeton Regional School District (GO) (ST AID WITHHLDG) 1.750%, 02/01/22.................................... 1,095 1,095,000 South Orange & Maplewood School District (GO) (SCH BD RES FD) 3.000%, 03/01/22.................................... 350 372,981 Township of North Brunswick (GO) 2.000%, 08/01/18.................................... 1,075 1,093,952 Union County (GO) Series B 3.000%, 03/01/22.................................... 2,360 2,580,164 ---------- TOTAL NEW JERSEY......................................... 7,184,557 ---------- NEW MEXICO -- (0.8%) Farmington Municipal School District No. 5 (GO) (ST AID WITHHLDG) 4.000%, 09/01/20.................................... 945 1,062,274 Las Cruces School District No. 2 (GO) Series A (ST AID WITHHLDG) 4.000%, 08/01/19.................................... 1,000 1,106,360 4.000%, 08/01/20.................................... 125 140,293 New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/19.................................... 2,000 2,347,920 ---------- TOTAL NEW MEXICO......................................... 4,656,847 ---------- 819 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- NEW YORK -- (3.6%) Albany County (GO) Series B 4.000%, 11/01/18.................................... $2,470 $ 2,751,086 City of New York (GO) Series 1 5.000%, 08/01/17.................................... 1,000 1,107,600 City of New York (GO) Series B 5.000%, 08/01/19.................................... 600 703,428 5.000%, 08/01/22.................................... 600 737,304 City of New York (GO) Series C 5.250%, 08/01/18.................................... 430 494,474 City of New York (GO) Series E 5.000%, 08/01/23.................................... 6,000 7,473,540 City of New York (GO) Series F 3.000%, 08/01/15.................................... 150 152,130 City of New York (GO) Series G 5.000%, 08/01/19.................................... 3,500 4,103,330 Malverne Union Free School District (GO) (ST AID WITHHLDG) 2.125%, 08/01/17.................................... 605 624,433 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19.................................... 825 960,572 New York State Urban Development Corp. (RB) 5.000%, 12/15/18.................................... 2,225 2,577,062 ----------- TOTAL NEW YORK........................................... 21,684,959 ----------- NORTH CAROLINA -- (2.3%) City of High Point (GO) 5.000%, 03/01/18.................................... 700 785,939 Lincoln County (GO) Series A 2.000%, 06/01/17.................................... 500 512,625 North Carolina State (GO) Series D 4.000%, 06/01/23.................................... 6,550 7,793,059 Onslow County (GO) 5.000%, 04/01/17.................................... 600 656,118 Wake County (GO) Series C 5.000%, 03/01/24.................................... 3,000 3,835,050 ----------- TOTAL NORTH CAROLINA..................................... 13,582,791 ----------- NORTH DAKOTA -- (0.1%) North Dakota State Board of Higher Education (RB) Series A 2.000%, 04/01/16.................................... 300 305,823 ----------- OHIO -- (2.2%) City of Columbus (GO) Series 1 5.000%, 07/01/22.................................... 4,100 5,109,051 Oakwood City School District (GO) 2.000%, 12/01/17.................................... 280 287,067 Ohio State (GO) Series A 5.000%, 09/01/19.................................... 550 648,951 5.000%, 05/01/20.................................... 1,555 1,863,916 FACE AMOUNT (000) VALUE+ ------ ----------- OHIO -- (Continued) 3.000%, 02/01/22.................................... $ 500 $ 547,515 5.000%, 09/15/22.................................... 500 623,425 Ohio State (GO) Series B 5.000%, 08/01/17.................................... 400 443,884 5.000%, 08/01/19.................................... 200 235,534 Ohio State (GO) Series C 5.000%, 09/15/21.................................... 1,000 1,231,610 Ohio State (RB) Series 1-GARVEE 5.000%, 12/15/17.................................... 1,250 1,402,512 Ohio State (RB) Series 2008-1 5.500%, 06/15/15.................................... 500 509,800 ----------- TOTAL OHIO............................................... 12,903,265 ----------- OKLAHOMA -- (0.8%) City of Tulsa (GO) 5.000%, 12/01/17.................................... 400 448,504 4.000%, 03/01/18.................................... 1,500 1,648,875 Cleveland County Independent School District No. 29 (GO) 1.500%, 03/01/16.................................... 1,250 1,266,625 Tulsa County Independent School District No. 1 (GO) 2.000%, 09/01/15.................................... 1,090 1,101,270 Tulsa County Independent School District No. 3 (GO) 2.000%, 04/01/16.................................... 425 433,547 ----------- TOTAL OKLAHOMA........................................... 4,898,821 ----------- OREGON -- (1.1%) City of Portland (GO) 4.000%, 06/01/20.................................... 935 1,046,050 Deschutes County (GO) 3.000%, 12/01/15.................................... 225 230,247 Deschutes County Administrative School District No. 1 (GO) (NATL-RE FGIC) 5.000%, 06/15/16.................................... 200 212,076 Lane County School District No. 4J Eugene (GO) Series A (SCH BD GTY) 5.000%, 06/15/23.................................... 3,355 4,244,612 Oregon State (GO) Series A 5.000%, 05/01/21.................................... 200 244,894 Washington County School District No. 1 (GO) (NATL-RE FGIC) 5.250%, 06/15/17.................................... 400 442,592 ----------- TOTAL OREGON............................................. 6,420,471 ----------- PENNSYLVANIA -- (4.2%) Commonwealth of Pennsylvania (GO) 5.000%, 07/01/18.................................... 1,500 1,706,505 820 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- PENNSYLVANIA -- (Continued) Commonwealth of Pennsylvania (GO) Series 1 5.000%, 04/01/22.................................... $11,260 $13,796,765 Commonwealth of Pennsylvania (GO) Series REF 5.000%, 07/01/17.................................... 1,035 1,141,885 Marple Newtown School District (GO) (AGM ST AID WITHHLDG) 4.000%, 06/01/16.................................... 375 392,921 Monroe County (GO) 4.000%, 12/15/18.................................... 400 439,612 Montgomery County (GO) 5.000%, 05/01/23.................................... 5,255 6,574,058 West View Municipal Authority Water Revenue (RB) 4.000%, 11/15/20.................................... 1,100 1,253,670 ----------- TOTAL PENNSYLVANIA....................................... 25,305,416 ----------- RHODE ISLAND -- (0.5%) Rholde Island State (GO) Series A 5.000%, 08/01/22.................................... 1,605 1,974,824 Rholde Island State (GO) Series D 5.000%, 08/01/22.................................... 685 842,838 ----------- TOTAL RHODE ISLAND....................................... 2,817,662 ----------- SOUTH CAROLINA -- (4.2%) Beaufort County (GO) Series C (ST AID WITHHLDG) 5.000%, 03/01/22.................................... 3,485 4,298,190 Berkeley County School District (GO) Series B (SCSDE) 5.000%, 03/01/22.................................... 4,120 5,072,050 Charleston County (GO) Series A 5.000%, 11/01/22.................................... 4,780 5,998,374 Charleston County School District Dev. Corp. (GO) Series A (SCSDE) 5.000%, 02/01/21.................................... 2,020 2,458,582 Clemson University (RB) 3.000%, 05/01/21.................................... 350 380,947 South Carolina State (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/23.................................... 5,500 7,026,690 ----------- TOTAL SOUTH CAROLINA..................................... 25,234,833 ----------- TENNESSEE -- (5.0%) City of Johnson City (GO) 2.000%, 06/01/18.................................... 1,000 1,031,950 3.000%, 06/01/19.................................... 875 944,256 City of Pigeon Forge (GO) 4.000%, 06/01/21.................................... 670 769,830 FACE AMOUNT (000) VALUE+ ------ ----------- TENNESSEE -- (Continued) Hamilton County (GO) 3.000%, 03/01/22.................................... $4,550 $ 5,003,271 Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd (RB) Series E 4.000%, 10/01/17.................................... 2,000 2,175,720 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 01/01/18.................................... 2,700 3,036,150 Putnam County (GO) 4.000%, 04/01/23.................................... 975 1,140,282 Shelby County (GO) Series A 5.000%, 04/01/20.................................... 7,000 8,400,280 Sumner County (GO) 5.000%, 06/01/21.................................... 110 134,335 Tennessee State (GO) Series A 4.000%, 09/01/18.................................... 3,325 3,706,710 Williamson County (GO) 4.000%, 03/01/18.................................... 1,445 1,589,804 Williamson County (GO) Series A 4.000%, 05/01/22.................................... 300 351,729 Wilson County (GO) (NATL-RE) 5.000%, 04/01/15.................................... 450 453,528 Wilson County (GO) Series B 4.000%, 04/01/20.................................... 1,040 1,185,226 ----------- TOTAL TENNESSEE.......................................... 29,923,071 ----------- TEXAS -- (11.6%) Austin Independent School District (GO) (PSF-GTD) 5.000%, 08/01/20.................................... 350 421,306 City of Copperas Cove (GO) 4.000%, 08/15/15.................................... 750 765,390 City of Denton (GO) 4.000%, 02/15/22.................................... 2,510 2,901,836 City of Fort Worth Water & Sewer System (RB) 5.000%, 02/15/19.................................... 400 463,740 City of Houston (GO) Series A 5.000%, 03/01/18.................................... 750 847,935 5.000%, 03/01/21.................................... 3,100 3,751,744 5.000%, 03/01/22.................................... 5,890 7,300,066 City of Richardson (GO) 4.250%, 02/15/18.................................... 400 440,352 City of San Antonio (GO) 5.000%, 02/01/20.................................... 1,000 1,189,990 City of San Antonio Electric & Gas (RB) Series D 5.000%, 02/01/19.................................... 400 464,500 821 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- TEXAS -- (Continued) City of Southlake (GO) 3.000%, 02/15/23.................................... $1,510 $1,654,386 Fort Bend Independent School District (GO) (PSF-GTD) 3.000%, 08/15/17.................................... 1,500 1,591,830 Galveston County (GO) 5.000%, 02/01/22.................................... 1,000 1,208,610 Grayson County (GO) 5.000%, 01/01/21.................................... 1,990 2,371,204 Harris County (GO) Series A 4.000%, 10/01/18.................................... 880 978,287 Harris County Metropolitan Transit Authority (RB) Series B 4.000%, 11/01/18.................................... 400 445,048 Hays Consolidated Independent School District (GO) (PSF-GTD) 5.000%, 08/15/23.................................... 1,355 1,706,216 Hidalgo County Drain District No. 1 (GO) 5.000%, 09/01/22.................................... 1,000 1,233,610 Houston Community College System (GO) 5.000%, 02/15/17.................................... 1,000 1,090,580 Humble Independent School District (GO) Series A (PSF-GTD) 2.000%, 02/15/19.................................... 100 104,264 La Porte Independent School District (GO) 5.000%, 02/15/21.................................... 1,700 2,029,936 Mansfield Independent School District (GO) 5.000%, 02/15/20.................................... 1,000 1,171,620 Mansfield Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/22.................................... 895 1,110,686 Mesquite Independent School District (GO) Series B (PSF-GTD) 5.000%, 08/15/17.................................... 2,270 2,521,062 Northside Independent School District (GO) (PSF-GTD) 5.000%, 02/15/23.................................... 4,535 5,680,995 Pflugerville Independent School District (GO) (PSF-GTD) 5.000%, 08/15/16.................................... 350 374,934 Tarrant Regional Water District (RB) 6.000%, 09/01/24.................................... 3,450 4,668,540 Texas A&M University (RB) Series B 5.000%, 05/15/21.................................... 4,000 4,900,560 Texas A&M University Fund (RB) 5.000%, 07/01/23.................................... 3,500 4,429,530 Texas State (GO) 5.000%, 04/01/19.................................... 4,500 5,253,345 FACE AMOUNT (000) VALUE+ ------ ----------- TEXAS -- (Continued) Texas Transportation Commission State Highway Fund (RB) 5.250%, 04/01/26.................................... $ 300 $ 396,363 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 04/01/19.................................... 5,000 5,837,050 ----------- TOTAL TEXAS.............................................. 69,305,515 ----------- UTAH -- (1.2%) Davis County (GO) 4.000%, 02/01/18.................................... 350 378,070 Jordan School District (GO) (SCH BD GTY) 5.000%, 06/15/17.................................... 1,070 1,180,863 North Davis County Sewer District (RB) 3.000%, 03/01/21.................................... 2,135 2,297,089 Utah State (GO) Series C 5.000%, 07/01/19.................................... 1,100 1,296,570 Washington County School District Board of Education/St George (GO) (SCH BD GTY) 5.000%, 03/01/18.................................... 1,500 1,690,980 ----------- TOTAL UTAH............................................... 6,843,572 ----------- VERMONT -- (0.3%) Vermont State (GO) Series C 4.000%, 08/15/23.................................... 225 268,096 Vermont State (GO) Series F 5.000%, 08/15/17.................................... 1,500 1,668,315 ----------- TOTAL VERMONT............................................ 1,936,411 ----------- VIRGINIA -- (2.8%) City of Newport News (GO) Series A 2.000%, 07/15/18.................................... 515 532,762 City of Norfolk (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19.................................... 2,505 2,956,150 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/21.................................... 1,370 1,666,948 Commonwealth of Virginia (GO) Series B 4.000%, 06/01/23.................................... 2,500 2,970,175 Loudoun County (GO) Series A (ST AID WITHHLDG) 5.000%, 12/01/22.................................... 4,000 5,023,200 Virginia Resources Authority (RB) Series B 4.000%, 10/01/19.................................... 2,000 2,269,480 822 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- VIRGINIA -- (Continued) Virginia Resources Authority (RB) Series D 5.000%, 11/01/20.................................... $ 745 $ 902,985 Virginia State Public School Authority (RB) Series D (ST AID WITHHLDG)...................................... 5.250%, 08/01/18.................................... 500 572,925 ----------- TOTAL VIRGINIA........................................... 16,894,625 ----------- WASHINGTON -- (9.7%) Benton County School District No. 400 Richland (GO) (SCH BD GTY) 5.000%, 12/01/22.................................... 4,705 5,822,437 Central Puget Sound Regional Transit Authority (RB) Series P-1............................................. 5.000%, 02/01/18.................................... 250 281,850 City of Seattle Municipal Light & Power (RB) Series A 5.000%, 06/01/22.................................... 310 382,574 City of Seattle Municipal Light & Power (RB) Series B 5.000%, 02/01/16.................................... 425 445,200 City of Seattle Water System Revenue (RB) 5.000%, 09/01/22.................................... 6,000 7,498,320 Clark County School District No. 119 Battleground (GO) (SCH BD GTY) 4.000%, 12/01/21.................................... 1,000 1,166,530 Clark County School District No.119 Battleground (GO) (SCH BD GTY) 4.000%, 12/01/22.................................... 2,630 3,084,017 King County (GO) 5.000%, 01/01/21.................................... 425 517,387 King County (GO) Series A 5.000%, 07/01/20.................................... 2,650 3,183,471 King County School District No. 210 (GO) (SCH BD GTY) 2.000%, 12/01/18.................................... 1,200 1,243,080 King County School District No. 412 (GO) (SCH BD GTY) 4.000%, 12/01/21.................................... 1,000 1,155,970 North Thurston Public Schools (GO) (SCH BD GTY) 5.000%, 12/01/20.................................... 2,880 3,477,686 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/19.................................... 1,655 1,954,059 Snohomish County School District No. 15 Edmonds (GO) (SCH BD GTY) 5.000%, 12/01/20.................................... 2,555 3,067,737 FACE AMOUNT (000) VALUE+ ------ ----------- WASHINGTON -- (Continued) Spokane County (GO) 5.000%, 12/01/22.................................... $1,025 $ 1,272,671 Spokane County Wastewater System (RB) Series A 5.000%, 12/01/15.................................... 300 312,018 Thurston County School District No. 111 (GO) (SCH BD GTY) 5.000%, 12/01/21.................................... 425 520,221 University of Washington (RB) Series A 5.000%, 07/01/22.................................... 6,505 8,059,630 Washington State (GO) 5.000%, 07/01/17.................................... 300 331,665 Washington State (GO) Series 2010A 5.000%, 08/01/18.................................... 500 572,355 Washington State (GO) Series A 5.000%, 08/01/23.................................... 750 942,233 Washington State (GO) Series B-1 5.000%, 08/01/21.................................... 1,300 1,589,445 Washington State (GO) Series D 5.000%, 02/01/19.................................... 900 1,044,360 Washington State (GO) Series E 5.000%, 02/01/19.................................... 2,000 2,320,800 Washington State (GO) Series R 5.000%, 07/01/23.................................... 3,800 4,768,430 Washington State (GO) Series R-2012C 4.000%, 07/01/21.................................... 1,610 1,864,638 Washington State (GO) Series R-2015 5.000%, 07/01/18.................................... 1,000 1,141,660 ----------- TOTAL WASHINGTON......................................... 58,020,444 ----------- WISCONSIN -- (2.0%) City of Milwaukee (GO) Series N1 5.000%, 02/01/19.................................... 950 1,099,539 City of Oshkosh (GO) Series B 3.000%, 12/01/23.................................... 445 484,592 Milwaukee County (GO) Series A 5.000%, 10/01/16.................................... 520 559,312 Milwaukee County Metropolitan Sewer District (GO) Series A 5.500%, 10/01/15.................................... 350 362,387 State of Wisconsin (GO) Series 1 (AMBAC) 5.000%, 05/01/19.................................... 2,150 2,517,005 Sun Prairie Area School District (GO) 4.000%, 03/01/20.................................... 570 632,894 Swallow School District (GO) 2.000%, 04/01/16.................................... 390 397,706 823 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ---------- ------------ WISCONSIN -- (Continued) Wisconsin State (GO) Series 2 5.000%, 11/01/20................................... $ 4,600 $ 5,566,966 ------------ TOTAL WISCONSIN........................................ 11,620,401 ------------ TOTAL MUNICIPAL BONDS.................................. 587,631,276 ------------ SHARES ---------- TEMPORARY CASH INVESTMENTS -- (1.5%) JPMorgan Tax Free Money Market Fund................ 8,993,349 8,993,349 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $578,327,698)^^................................ $596,624,625 ============ 824 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------------ ------- ------------ Municipal Bonds.................. -- $587,631,276 -- $587,631,276 Temporary Cash Investments....... $8,993,349 -- -- 8,993,349 ---------- ------------ -- ------------ TOTAL............................ $8,993,349 $587,631,276 -- $596,624,625 ========== ============ == ============ 825 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------- ----------- MUNICIPAL BONDS -- (94.1%) CALIFORNIA -- (94.1%) Alameda County Transportation Authority (RB) 3.000%, 03/01/17................................... $ 4,500 $ 4,739,580 5.000%, 03/01/20................................... 4,500 5,410,755 Atascadero Unified School District (GO) Series A (AGM) 3.000%, 08/01/15................................... 315 319,410 Bay Area Toll Authority (RB) 4.000%, 04/01/18................................... 4,180 4,622,578 5.000%, 04/01/19................................... 775 907,858 (c) 5.000%, 04/01/34................................... (Pre-refunded @ $100, 4/1/18)...................... 5,320 6,052,990 (c) 5.125%, 04/01/39................................... (Pre-refunded @ $100, 4/1/19)...................... 1,440 1,695,499 Bay Area Toll Authority (RB) Series F 5.000%, 04/01/15................................... 795 801,193 Berkeley Unified School District (GO) 3.000%, 08/01/15................................... 1,000 1,014,000 Berryessa Union School District (GO) (AMBAC) 5.375%, 08/01/18................................... 380 436,202 California Educational Facilities Authority (RB) 5.000%, 10/01/16................................... 700 752,556 California Educational Facilities Authority (RB) Series A 4.000%, 11/01/19................................... 850 945,659 California Health Facilities Financing Authority (RB) (c) 6.500%, 10/01/38................................... (Pre-refunded @ $100, 10/1/18)..................... 11,110 13,442,211 California Health Facilities Financing Authority (RB) Series C (c) 6.500%, 10/01/33................................... (Pre-refunded @ $100, 10/1/18)..................... 9,650 11,675,728 California State (GO) 6.000%, 02/01/15................................... 950 950,000 3.000%, 03/01/15................................... 500 501,190 5.000%, 03/01/15................................... 500 501,995 5.000%, 03/01/15................................... 3,900 3,915,561 4.000%, 04/01/15................................... 700 704,529 5.000%, 04/01/15................................... 1,000 1,008,110 5.000%, 09/01/15................................... 1,000 1,028,340 5.000%, 10/01/15................................... 1,000 1,032,440 5.000%, 10/01/15................................... 500 516,220 3.000%, 11/01/15................................... 500 510,860 5.000%, 12/01/15................................... 700 728,399 5.000%, 02/01/16................................... 1,275 1,335,601 5.000%, 03/01/16................................... 1,245 1,309,977 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) 1.000%, 05/01/16.................................... $ 4,495 $ 4,540,130 3.000%, 09/01/16.................................... 1,500 1,563,825 5.000%, 09/01/16.................................... 2,350 2,523,806 4.000%, 10/01/16.................................... 1,175 1,246,652 5.000%, 10/01/16.................................... 2,795 3,011,640 5.000%, 10/01/16.................................... 2,090 2,251,996 5.000%, 10/01/16.................................... 1,025 1,104,448 5.000%, 11/01/16.................................... 3,410 3,685,698 4.000%, 09/01/17.................................... 425 461,754 5.000%, 09/01/17.................................... 3,600 4,003,164 5.000%, 11/01/17.................................... 800 894,640 5.000%, 02/01/18.................................... 5,220 5,888,369 5.500%, 04/01/18.................................... 10,945 12,579,417 5.000%, 09/01/18.................................... 250 286,933 5.000%, 09/01/18.................................... 4,500 5,164,785 5.000%, 02/01/19.................................... 5,840 6,784,211 5.000%, 04/01/19.................................... 4,750 5,543,060 5.500%, 04/01/19.................................... 10,495 12,460,923 5.000%, 10/01/19.................................... 4,915 5,810,021 5.000%, 10/01/19.................................... 1,500 1,773,150 5.000%, 11/01/19.................................... 2,640 3,126,446 5.000%, 02/01/20.................................... 12,870 15,329,071 5.000%, 04/01/20.................................... 3,705 4,429,661 5.000%, 09/01/20.................................... 700 844,284 5.000%, 10/01/20.................................... 3,410 4,118,837 5.000%, 10/01/20.................................... 1,610 1,944,671 5.000%, 02/01/21.................................... 650 789,451 5.000%, 09/01/21.................................... 6,200 7,610,376 5.000%, 04/01/22.................................... 1,800 2,224,674 5.250%, 10/01/22.................................... 500 631,860 California State (GO) (AMBAC) 6.000%, 04/01/16.................................... 1,265 1,350,299 6.000%, 02/01/17.................................... 1,000 1,109,290 California State (GO) (NATL-RE) 4.125%, 06/01/15.................................... 200 202,648 5.000%, 06/01/15.................................... 310 314,985 4.000%, 09/01/15.................................... 500 511,145 California State (GO) Series 2 4.000%, 09/01/15.................................... 750 766,943 California State (GO) Series A 5.000%, 07/01/19.................................... 4,755 5,616,035 California State Department of Transportation (RB) Series A (NATL-RE FGIC) 5.000%, 02/01/15.................................... 7,850 7,850,000 California State Department of Water Resources (RB) Series AR 5.000%, 12/01/15.................................... 5,045 5,248,364 California State Department of Water Resources (RB) Series AS 5.000%, 12/01/22.................................... 3,390 4,294,350 826 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) California State Department of Water Resources Power Supply Revenue (RB) Series L 4.000%, 05/01/15................................... $2,790 $2,816,561 5.000%, 05/01/15................................... 4,750 4,806,667 5.000%, 05/01/16................................... 1,385 1,468,114 5.000%, 05/01/17................................... 3,905 4,303,583 5.000%, 05/01/18................................... 1,650 1,882,716 5.000%, 05/01/20................................... 2,150 2,594,190 California State Department of Water Resources Power Supply Revenue (RB) Series M 4.000%, 05/01/15................................... 4,600 4,643,792 4.000%, 05/01/16................................... 2,650 2,776,166 5.000%, 05/01/16................................... 600 636,006 5.000%, 05/01/18................................... 500 570,520 4.000%, 05/01/19................................... 1,515 1,718,131 California State Public Works Board (RB) Series B (NATL-RE FGIC) 5.000%, 06/01/17................................... 1,275 1,408,391 California State University (RB) Series A 5.000%, 11/01/15................................... 6,250 6,475,562 5.000%, 11/01/16................................... 2,725 2,942,319 5.000%, 11/01/17................................... 1,700 1,905,054 5.000%, 11/01/18................................... 150 173,778 5.000%, 11/01/19................................... 3,660 4,356,864 5.000%, 11/01/19................................... 1,000 1,190,400 California State University (RB) Series A (AMBAC) (c) 5.000%, 11/01/20 (Pre-refunded @ $100, 5/1/15)...................... 6,000 6,070,860 Chabot-Las Positas Community College District (GO) 4.000%, 08/01/22................................... 3,050 3,564,870 Chino Valley Unified School District (GO) Series A 4.000%, 08/01/17................................... 500 540,295 Chula Vista Elementary School District (GO) 4.000%, 08/01/17................................... 500 540,945 City & County of San Francisco (GO) 4.000%, 06/15/15................................... 2,000 2,028,360 5.000%, 06/15/15................................... 2,210 2,249,382 5.000%, 06/15/15................................... 6,000 6,106,920 4.000%, 06/15/16................................... 3,685 3,872,493 4.000%, 06/15/16................................... 1,145 1,203,258 5.000%, 06/15/16................................... 515 548,212 5.000%, 06/15/16................................... 705 750,465 City & County of San Francisco (GO) Series A 5.000%, 06/15/15................................... 750 763,230 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) 5.000%, 06/15/15................................... $ 2,490 $ 2,533,924 5.000%, 06/15/20................................... 750 904,110 City & County of San Francisco (GO) Series R1 5.000%, 06/15/16................................... 4,565 4,860,036 5.000%, 06/15/20................................... 865 1,042,740 5.000%, 06/15/21................................... 250 307,518 City of Long Beach Harbor Revenue (RB) Series B 5.000%, 05/15/19................................... 815 956,867 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18................................... 2,035 2,354,291 City of Los Angeles (GO) Series A 3.000%, 09/01/15................................... 3,000 3,049,470 3.250%, 09/01/16................................... 500 522,755 5.000%, 09/01/20................................... 9,000 10,876,680 City of Los Angeles (GO) Series B 5.000%, 09/01/16................................... 4,500 4,828,365 City of Los Angeles (RB) Series A 4.000%, 06/01/15................................... 2,000 2,024,420 City of Los Angeles Wastewater System Revenue (RB) Series A 5.000%, 06/01/15................................... 10,000 10,158,800 City of San Francisco Public Utilities Commission Water Revenue (RB) 5.000%, 11/01/15................................... 1,150 1,191,239 City of San Francisco Public Utilities Commission Water Revenue (RB) (ETM) 5.000%, 11/01/15................................... 425 440,045 City of San Francisco Public Utilities Commission Water Revenue (RB) Series A 3.000%, 10/01/15................................... 275 280,137 City of Saratoga (GO) 3.000%, 08/01/16................................... 450 468,068 City of Tulare Sewer Revenue (RB) (AGM) 3.000%, 11/15/19................................... 200 213,310 Colton Joint Unified School District (GO) 5.000%, 08/01/16................................... 1,000 1,067,570 Colton Joint Unified School District (GO) (AGM) 4.000%, 08/01/20................................... 1,000 1,136,400 Conejo Valley Unified School District (GO) 4.000%, 08/01/18................................... 700 766,325 Contra Costa County Public Financing Authority (RB) Series B (NATL- RE) 5.000%, 06/01/15................................... 1,700 1,726,265 827 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) Contra Costa Water Authority (RB) Series SER-A 1.000%, 10/01/15................................... $ 3,360 $ 3,379,219 Contra Costa Water District (RB) Series Q 5.000%, 10/01/18................................... 705 816,242 5.000%, 10/01/19................................... 1,345 1,602,110 Cupertino Union School District (GO) Series B 4.000%, 08/01/15................................... 1,260 1,284,091 Davis Joint Unified School District Community Facilities District (ST) (AGM) 3.000%, 08/15/16................................... 955 993,897 Desert Sands Unified School District (GO) 4.000%, 08/01/18................................... 1,375 1,522,703 Dublin Unified School District (GO) 5.000%, 02/01/19................................... 11,775 13,653,583 East Bay Regional Park District (GO) Series A 4.000%, 09/01/21................................... 210 243,180 East Side Union High School District (GO) 2.000%, 08/01/18................................... 1,215 1,268,533 2.000%, 08/01/20................................... 1,055 1,104,891 El Rancho Unified School District (GO) (AGM) 4.000%, 08/01/20................................... 780 882,866 Fairfield-Suisun Sewer District (RB) (ASSURED GTY) 4.000%, 05/01/16................................... 1,625 1,699,864 Fairfield-Suisun Unified School District Financing Corp. (GO) 2.500%, 08/01/16................................... 750 774,308 Folsom Cordova Unified School District School Facilities Improvement Dist No. 2 (GO) 5.000%, 10/01/17................................... 845 941,710 Folsom Cordova Unified School District School Facilities Improvement District No. 4 (GO) Series A (NATL-RE) 5.000%, 10/01/16................................... 550 590,821 Folsom Cordova Unified School District School Facilities Impt Dist No. 1 (GO) 4.000%, 10/01/16................................... 985 1,041,854 Fontana Unified School District (GO) 5.000%, 08/01/16................................... 955 1,021,010 5.000%, 08/01/18................................... 3,140 3,599,068 5.000%, 08/01/19................................... 1,285 1,514,552 4.000%, 08/01/20................................... 3,620 4,182,150 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) Foothill-De Anza Community College District (GO) 4.000%, 08/01/19................................... $ 550 $ 624,630 Fremont Unified School District/ Alameda County (GO) 5.000%, 08/01/18................................... 750 856,575 Fremont Union High School District (GO) (NATL-RE FGIC) 5.000%, 09/01/15................................... 925 950,937 Fresno Unified School District (GO) Series A 4.000%, 08/01/16................................... 1,695 1,786,971 Fresno Unified School District (GO) Series A (AGM) 4.000%, 08/01/17................................... 1,820 1,970,914 Glendale Unified School District (GO) 4.000%, 09/01/15................................... 1,160 1,185,798 Grossmont Union High School District (GO) 4.000%, 08/01/20................................... 2,420 2,783,242 Grossmont Union High School District (GO) (NATL-RE) 5.000%, 08/01/15................................... 1,160 1,187,643 Hemet Unified School District (GO) Series A (AGM) 5.625%, 08/01/15................................... 355 364,585 Huntington Beach Public Financing Authority (RB) 3.000%, 09/01/16................................... 950 989,045 Los Altos Elementary School District (GO) 5.000%, 08/01/19................................... 975 1,151,534 4.000%, 08/01/21................................... 1,550 1,814,988 Los Angeles Community College District (GO) Series F-1 3.000%, 08/01/15................................... 500 507,100 Los Angeles Convention & Exhibit Center Authority (RB) Series A 5.000%, 08/15/17................................... 1,125 1,242,529 Los Angeles County Capital Asset Leasing Corp. (RB) Series A 3.000%, 06/01/16................................... 3,870 4,000,225 Los Angeles County Metropolitan Transportation Authority (RB) 5.000%, 07/01/18................................... 4,650 5,332,434 5.000%, 07/01/19................................... 4,000 4,726,240 5.000%, 07/01/20................................... 2,000 2,423,660 Los Angeles County Metropolitan Transportation Authority (RB) Series A 4.000%, 07/01/15................................... 11,825 12,010,771 828 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Los Angeles County Metropolitan Transportation Authority (RB) Series B 4.000%, 07/01/15................................... $1,000 $1,015,880 Los Angeles County Metropolitan Transportation Authority (RB) Series C 5.000%, 07/01/21................................... 1,400 1,722,336 Los Angeles County Sanitation Districts Financing Authority (RB) Series A (MUN GOVT GTD) 5.000%, 10/01/16................................... 2,005 2,158,663 Los Angeles Department of Water & Power (RB) Series A 5.000%, 07/01/16................................... 1,730 1,844,180 4.000%, 07/01/17................................... 840 910,711 5.000%, 07/01/18................................... 2,375 2,720,942 5.000%, 07/01/19................................... 2,990 3,525,748 Los Angeles Municipal Improvement Corp. (RB) Series A 4.000%, 11/01/16................................... 1,795 1,901,210 5.000%, 03/01/17................................... 4,300 4,688,634 Los Angeles Municipal Improvement Corp. (RB) Series A (NATL-RE FGIC) 4.000%, 01/01/16................................... 400 413,452 Los Angeles Municipal Improvement Corp. (RB) Series C 3.000%, 03/01/16................................... 750 771,473 Los Angeles Unified School District (GO) (NATL-RE) 5.750%, 07/01/15................................... 2,370 2,424,463 Los Angeles Unified School District (GO) Series A 4.000%, 07/01/17................................... 5,500 5,964,365 Los Angeles Unified School District (GO) Series A-1 4.000%, 07/01/16................................... 1,800 1,895,616 Los Angeles Unified School District (GO) Series A-1 (FGIC) 5.500%, 07/01/18................................... 2,745 3,189,992 Los Angeles Unified School District (GO) Series A-2 5.000%, 07/01/21................................... 2,200 2,714,140 Los Angeles Unified School District (GO) Series B 5.000%, 07/01/22................................... 1,350 1,694,088 Los Angeles Unified School District (GO) Series C 2.000%, 07/01/17................................... 2,800 2,902,480 5.000%, 07/01/20................................... 500 603,570 Los Angeles Unified School District (GO) Series E (AMBAC) 5.000%, 07/01/15................................... 875 892,421 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Los Angeles Unified School District (GO) Series G (AMBAC) 5.000%, 07/01/16................................... $ 930 $ 991,380 Los Angeles Unified School District (GO) Series KRY 5.000%, 07/01/15................................... 1,250 1,274,888 5.000%, 07/01/19................................... 3,390 3,995,793 Madera County Transportation Authority (RB) (AGM) 3.000%, 03/01/15................................... 1,020 1,021,693 Manhattan Beach Unified School District (GO) Series F 4.000%, 09/01/21................................... 500 572,590 Metropolitan Water District of Southern California (RB) Series C 4.000%, 10/01/15................................... 900 922,968 Morgan Hill Unified School District (GO) Series A 2.000%, 08/01/15................................... 1,615 1,629,923 Mount Diablo Unified School District (GO) 5.000%, 02/01/19................................... 500 577,430 New Haven Unified School District (GO) (AGM) 12.000%, 08/01/16.................................. 2,480 2,909,462 12.000%, 08/01/17.................................. 2,965 3,786,038 4.000%, 08/01/19................................... 1,430 1,617,974 Newark Unified School District (GO) Series B 2.000%, 08/01/15................................... 275 277,500 2.000%, 08/01/16................................... 560 573,737 Newhall School District (GO) 0.000%, 08/01/18................................... 6,995 6,771,999 Northern California Power Agency (RB) Series A 5.000%, 07/01/17................................... 1,000 1,099,980 Oakland-Alameda County Coliseum Authority (RB) Series A 5.000%, 02/01/17................................... 3,700 4,015,684 Oceanside Unified School District (GO) Series A (ASSURED GTY) 3.000%, 08/01/16................................... 350 363,787 Orange County (RB) Series A (NATL- RE) 5.000%, 06/01/15................................... 2,000 2,031,760 Orange County Public Financing Authority (RB) (NATL-RE) 5.000%, 07/01/16................................... 3,140 3,338,950 Orange County Sanitation District (CP) Series B 3.000%, 08/01/16................................... 5,000 5,200,750 Orange County Sanitation District (RB) Series A 5.000%, 02/01/24................................... 5,295 6,781,836 829 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Palm Springs Financing Authority (RB) Series A 3.000%, 11/01/15................................... $ 625 $ 638,006 Palm Springs Unified School District (GO) 5.000%, 08/01/15................................... 2,895 2,963,988 Palomar Pomerado Health (GO) Series A (AMBAC) 5.000%, 08/01/15................................... 500 511,410 Pasadena Unified School District (GO) 5.000%, 05/01/20................................... 550 657,712 Peralta Community College District (GO) 5.000%, 08/01/17................................... 1,000 1,108,130 5.000%, 08/01/18................................... 1,000 1,144,340 5.000%, 08/01/19................................... 2,220 2,611,231 Peralta Community College District (GO) (AGM) 5.000%, 08/01/15................................... 450 460,724 Peralta Community College District (GO) Series C 5.000%, 08/01/15................................... 1,045 1,069,902 Petaluma Joint Union High School District (GO) Series A 2.000%, 08/01/15................................... 2,075 2,094,069 Pleasanton Unified School District (GO) (AGM) 5.250%, 08/01/16................................... 500 535,250 Poway Unified School District (GO) 3.250%, 08/01/18................................... 1,350 1,466,586 Rancho Santiago Community College District (GO) 3.000%, 09/01/15................................... 1,195 1,214,706 Rancho Santiago Community College District (GO) (AGM) 5.250%, 09/01/16................................... 300 323,067 Riverside County Transportation Commission (RB) Series A 5.000%, 06/01/18................................... 500 570,715 Sacramento Area Flood Control Agency (SA) Series A (NATL-RE FGIC) 5.000%, 10/01/15................................... 765 789,350 Sacramento City Unified School District (GO) 5.000%, 07/01/24................................... 1,375 1,704,519 Sacramento County Sanitation Districts Financing Authority (RB) (NATL) (c) 5.000%, 12/01/36 (Pre-refunded @ $100, 6/1/16)...................... 4,380 4,653,224 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) Sacramento Municipal Utility District (RB) Series C 5.000%, 08/15/16................................... $ 6,610 $ 7,080,896 Sacramento Municipal Utility District (RB) Series U (AGM) 5.000%, 08/15/17................................... 620 687,580 San Diego County Regional Transportation Commission (RB) Series A 4.000%, 04/01/18................................... 425 470,560 5.000%, 04/01/18................................... 1,285 1,462,921 San Diego Public Facilities Financing Authority (RB) Series B 5.000%, 05/15/16................................... 1,550 1,643,450 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series A 5.000%, 05/15/18................................... 350 399,581 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series B 5.000%, 05/15/18................................... 3,650 4,167,059 San Diego Public Facilities Financing Authority Water Revenue (RB) Series A 5.000%, 08/01/16................................... 6,200 6,631,458 San Diego Public Facilities Financing Authority Water Revenue (RB) Series B 3.750%, 08/01/15................................... 250 254,460 San Diego Unified School District (GO) Series B 1.000%, 07/01/15................................... 8,000 8,027,760 2.000%, 07/01/15................................... 15,600 15,717,780 San Francisco Community College District (GO) Series A (AGM) 5.000%, 06/15/15................................... 2,265 2,303,754 5.000%, 06/15/16................................... 2,495 2,649,166 San Francisco Community College District (GO) Series C 4.000%, 06/15/16................................... 845 885,737 4.000%, 06/15/18................................... 485 526,957 San Francisco Unified School District (GO) 5.000%, 06/15/16................................... 745 792,941 San Francisco Unified School District (GO) Series A 5.000%, 09/24/15................................... 7,000 7,220,850 San Francisco Unified School District (GO) Series C (NATL-RE) 5.000%, 06/15/15................................... 1,400 1,424,892 San Juan Unified School District (GO) (AGM) 4.000%, 08/01/15................................... 600 611,442 830 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ----------- ------------ CALIFORNIA -- (Continued) San Juan Unified School District (GO) Series A 1.000%, 08/01/15................................ $ 5,400 $ 5,423,328 San Juan Unified School District (GO) Series B 3.000%, 08/01/16................................ 700 727,895 San Leandro Unified School District (GO) Series B 4.000%, 08/01/21................................ 265 296,774 San Ramon Valley Unified School District (GO) 4.000%, 08/01/21................................ 4,225 4,964,586 Santa Clara County (GO) Series B 5.000%, 08/01/18................................ 5,000 5,744,050 Santa Clara County Financing Authority (RB) Series A 5.000%, 02/01/19................................ 3,610 4,181,355 Santa Clara Unified School District (GO) 4.000%, 07/01/15................................ 500 507,895 Santa Clara Valley Transportation Authority (RB) Series B 5.000%, 04/01/18................................ 8,215 9,338,566 Santa Margarita-Dana Point Authority (RB) Series B (GO OF DIST) 4.000%, 08/01/17................................ 1,000 1,086,560 Sequoia Union High School District (GO) Series B (AGM) (c) 5.500%, 07/01/35 (Pre-refunded @ $100, 7/1/16)................... 9,030 9,698,671 Solano County Community College District (GO) (NATL-RE) 5.000%, 08/01/15................................ 1,115 1,141,570 South San Francisco Unified School District (GO) Series G 3.500%, 07/01/18................................ 27,075 29,575,918 Southern California Public Power Authority (RB) 4.000%, 07/01/15................................ 2,200 2,234,650 5.000%, 07/01/18................................ 1,135 1,296,193 5.000%, 07/01/18................................ 1,475 1,684,479 Southwestern Community College District (GO) Series A 5.500%, 08/01/17................................ 275 304,873 Sweetwater Union High School District (GO) 5.000%, 01/01/18................................ 1,750 1,962,485 Union Elementary School District (GO) Series A 3.000%, 09/01/18................................ 1,130 1,215,360 Upland Unified School District (GO) 1.000%, 08/01/16................................ 900 908,694 FACE AMOUNT (000) VALUE+ ----------- ------------ CALIFORNIA -- (Continued) Vista Unified School District (GO) (AGM) 4.000%, 08/01/15................................ $ 1,000 $ 1,019,070 West Contra Costa Unified School District (GO) (AGM) 5.000%, 08/01/17................................ 1,585 1,755,134 5.000%, 08/01/18................................ 1,415 1,617,656 West Contra Costa Unified School District (GO) (ASSURED GTY) 5.000%, 08/01/17................................ 425 470,620 Westlands Water District (RB) Series A (AGM) 4.000%, 09/01/20................................ 1,045 1,198,678 Wiseburn School District (GO) Series A (NATL-RE) 5.000%, 08/01/15................................ 400 409,532 Yolo County Washington Unified School District (GO) 4.000%, 08/01/20................................ 1,000 1,140,950 Yosemite Community College District (GO) 1.000%, 08/01/17................................ 1,850 1,859,102 ------------ TOTAL MUNICIPAL BONDS................................ 704,346,668 ------------ SHARES ----------- TEMPORARY CASH INVESTMENTS -- (1.4%) JPMorgan Tax Free Money Market Fund............. 10,423,599 10,423,599 ------------ COMMERCIAL PAPER -- (4.5%) California State University, 0.060%............. 7,324,000 7,324,220 City & County of San Francisco 0.050%, 02/04/15................................ 13,240 13,239,867 0.050%, 02/04/15................................ 12,895 12,894,871 ------------ TOTAL COMMERCIAL PAPER............................... 33,458,958 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $740,448,218)^^.............................. $748,229,225 ============ 831 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Municipal Bonds................. -- $704,346,668 -- $704,346,668 Temporary Cash Investments...... $10,423,599 -- -- 10,423,599 Commercial Paper................ -- 33,458,958 -- 33,458,958 ----------- ------------ -- ------------ TOTAL........................... $10,423,599 $737,805,626 -- $748,229,225 =========== ============ == ============ 832 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ---------- MUNICIPAL BONDS -- (98.9%) CALIFORNIA -- (98.9%) Albany Unified School District (GO) 4.000%, 08/01/21................................... $ 240 $ 275,062 Alhambra Unified School District (GO) Series A (ASSURED GTY) 5.250%, 08/01/18................................... 375 423,757 Alum Rock Union Elementary School District (GO) Series A 5.000%, 09/01/21................................... 730 884,307 Amador County Unified School District (GO) 4.000%, 08/01/19................................... 385 416,886 Anaheim Public Financing Authority (RB) 5.000%, 08/01/17................................... 500 551,445 Antelope Valley Union High School District (GO) 4.000%, 08/01/21................................... 500 581,750 5.000%, 08/01/22................................... 1,650 2,052,484 Azusa Unified School District (GO) 5.000%, 07/01/21................................... 425 505,542 Baldwin Park Unified School District (GO) (AGM) 5.000%, 08/01/17................................... 100 110,262 Bay Area Toll Authority (RB) 4.000%, 04/01/18................................... 1,000 1,105,880 (c) 5.000%, 04/01/34................................... (Pre-refunded @ $100, 4/1/18)...................... 1,600 1,820,448 (c) 5.125%, 04/01/39................................... (Pre-refunded @ $100, 4/1/19)...................... 1,900 2,237,117 Berryessa Union School District (GO) (AMBAC) 5.375%, 08/01/18................................... 200 229,580 Buena Park School District (GO) (AGM) 2.500%, 08/01/21................................... 75 79,432 California Educational Facilities Authority (RB) 5.000%, 10/01/16................................... 500 537,540 California Health Facilities Financing Authority (RB) Series C (c) 6.500%, 10/01/33 (Pre-refunded @ $100, 10/1/18)..................... 1,000 1,209,920 California State (GO) 5.000%, 11/01/16................................... 150 162,128 5.000%, 02/01/18................................... 2,350 2,650,894 5.000%, 09/01/18................................... 1,325 1,520,742 5.000%, 10/01/18................................... 250 287,583 5.500%, 04/01/19................................... 1,625 1,929,395 3.125%, 10/01/19................................... 100 109,695 5.000%, 10/01/19................................... 250 295,525 4.000%, 11/01/19................................... 135 153,641 5.000%, 10/01/20................................... 375 452,951 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) 5.000%, 02/01/21.................................... $ 700 $ 850,178 5.000%, 04/01/21.................................... 475 578,683 5.000%, 09/01/21.................................... 3,705 4,547,813 5.000%, 02/01/22.................................... 2,195 2,706,391 5.000%, 04/01/22.................................... 500 617,965 4.000%, 09/01/22.................................... 525 615,772 5.250%, 09/01/22.................................... 940 1,186,130 5.250%, 10/01/22.................................... 1,880 2,375,794 5.000%, 12/01/22.................................... 1,245 1,555,142 5.000%, 02/01/23.................................... 1,150 1,437,339 5.000%, 10/01/23.................................... 100 126,279 5.000%, 11/01/23.................................... 875 1,106,175 California State (GO) Series A 5.000%, 07/01/19.................................... 600 708,648 California State (GO) Series B 5.000%, 09/01/23.................................... 2,285 2,880,128 California State Department of Water Resources (RB) Series AR 5.000%, 12/01/22.................................... 3,210 4,066,332 5.000%, 12/01/23.................................... 900 1,157,733 California State Department of Water Resources (RB) Series AS 5.000%, 12/01/22.................................... 1,500 1,900,155 California State Department of Water Resources Power Supply Revenue (RB) Series L 5.000%, 05/01/17.................................... 450 495,931 5.000%, 05/01/18.................................... 1,260 1,437,710 5.000%, 05/01/20.................................... 1,600 1,930,560 California State Department of Water Resources Power Supply Revenue (RB) Series M 4.000%, 05/01/19.................................... 455 516,006 California State Economic Recovery (GO) Series A 4.400%, 07/01/18.................................... 410 461,447 California State University (RB) Series A 2.500%, 11/01/18.................................... 1,500 1,599,540 5.000%, 11/01/18.................................... 2,500 2,896,300 5.000%, 11/01/19.................................... 450 535,680 California State University (RB) Series C (AGM) 5.000%, 11/01/22.................................... 100 126,156 Capistrano Unified School District School Facilities Improvement District No. 1 (GO) 4.000%, 08/01/22.................................... 170 197,135 Chabot-Las Positas Community College District (GO) 5.000%, 08/01/22.................................... 900 1,115,226 4.000%, 08/01/23.................................... 1,970 2,309,864 833 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Chaffey Community College District (GO) Series E 4.000%, 06/01/22................................... $ 335 $ 394,667 Chino Hills Financing Authority (RB) 4.000%, 06/01/18................................... 500 553,785 Chino Valley Unified School District (GO) Series A 4.000%, 08/01/21................................... 200 232,296 Chula Vista Elementary School District (GO) 5.000%, 08/01/22................................... 1,835 2,260,720 City & County of San Francisco (GO) 4.000%, 06/15/20................................... 800 922,768 City & County of San Francisco (GO) Series A 5.000%, 06/15/22................................... 2,200 2,748,812 City & County of San Francisco (GO) Series R1 5.000%, 06/15/21................................... 470 578,133 City of Long Beach Harbor Revenue (RB) Series B 5.000%, 05/15/19................................... 250 293,518 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18................................... 500 578,450 City of Los Angeles (GO) Series A 4.000%, 09/01/18................................... 780 869,840 City of Los Angeles (GO) Series B 5.000%, 09/01/19................................... 600 706,764 City of Riverside Water Revenue (RB) Series A 5.000%, 10/01/18................................... 300 343,464 City of San Francisco Public Utilities Commission Water Revenue (RB) Series A 5.000%, 11/01/15................................... 40 41,434 5.000%, 11/01/15................................... 135 139,779 Coachella Valley Unified School District (GO) (BAM) 4.000%, 08/01/22................................... 825 947,933 Colton Joint Unified School District (GO) 5.000%, 08/01/21................................... 900 1,086,732 Colton Joint Unified School District (GO) Series C (NATL-RE FGIC) 5.000%, 02/01/15................................... 140 140,000 Conejo Valley Unified School District (GO) 2.000%, 08/01/18................................... 2,350 2,412,463 4.000%, 08/01/18................................... 115 125,896 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Contra Costa County Public Financing Authority (RB) Series B (NATL-RE) 5.000%, 06/01/15................................... $ 200 $ 203,090 Contra Costa County Walnut Creek Elementary School District (GO) 1.500%, 09/01/17................................... 500 506,340 Culver City School Facilities Financing Authority (RB) (AGM GO OF DIST) 5.500%, 08/01/26................................... 855 1,129,908 Cupertino Union School District (GO) Series A 4.000%, 08/01/17................................... 275 298,876 Davis Joint Unified School District (GO) 5.000%, 08/01/18................................... 420 481,559 Davis Joint Unified School District Community Facilities District (ST) (AGM) 3.000%, 08/15/22................................... 1,000 1,067,420 Davis Joint Unified School District Community Facilities District No. 2 (ST) (AGM) 3.000%, 08/15/19................................... 500 534,090 Dublin Unified School District (GO) 5.000%, 02/01/19................................... 425 492,804 5.000%, 08/01/23................................... 1,665 2,091,756 East Side Union High School District (GO) 4.000%, 08/01/21................................... 600 694,866 East Side Union High School District (GO) Series D 3.000%, 08/01/19................................... 825 893,508 El Dorado Irrigation District & El Dorado Water Agency (CP) Series A (ASSURED GTY) 4.000%, 08/01/16................................... 530 556,558 El Monte City School District (GO) Series A (ASSURED GTY) 5.000%, 08/01/15................................... 175 179,170 El Rancho Unified School District (GO) (AGM) 4.000%, 08/01/21................................... 1,285 1,465,928 Enterprise Elementary School District (GO) 4.000%, 09/01/19................................... 500 552,965 Escondido Union School District (GO) Series B (NATL-RE FGIC) 5.000%, 08/01/15................................... 450 460,791 5.000%, 08/01/16................................... 400 427,836 Fallbrook Union Elementary School District (GO) Series A 5.000%, 08/01/20................................... 200 240,392 834 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Folsom Cordova Unified School District School Facilities Improvement District No. 4 (GO) Series A (NATL- RE) 5.000%, 10/01/16................................... $ 500 $ 537,110 Fontana Unified School District (GO) 5.000%, 08/01/19................................... 600 707,184 4.000%, 08/01/21................................... 1,585 1,853,816 4.000%, 08/01/22................................... 875 1,032,859 Fountain Valley Public Finance Authority (RB) Series A 5.000%, 07/01/24................................... 250 317,463 Franklin-Mckinley School District (GO) (ASSURED GTY) 5.000%, 08/01/17................................... 275 304,158 Grossmont Union High School District (GO) Series A 5.000%, 08/01/18................................... 200 228,644 Hacienda La Puente Unified School District (GO) (NATL) 5.000%, 08/01/23................................... 225 280,458 Huntington Beach Public Financing Authority (RB) 4.000%, 09/01/18................................... 200 217,776 Jurupa Unified School District (GO) (AGM) 4.000%, 08/01/18................................... 235 259,388 5.000%, 08/01/20................................... 725 867,586 Liberty Union High School District (GO) 5.000%, 08/01/20................................... 380 456,521 4.000%, 08/01/21................................... 500 579,730 Lompoc Unified School District (GO) (ASSURED GTY) 5.250%, 08/01/20................................... 540 642,287 Los Altos Elementary School District (GO) 4.000%, 08/01/21................................... 250 292,740 Los Angeles Convention & Exhibit Center Authority (RB) Series A 4.500%, 08/15/18................................... 300 335,667 Los Angeles County Metropolitan Transportation Authority (RB) 5.000%, 07/01/17................................... 525 582,151 Los Angeles County Metropolitan Transportation Authority (RB) Series A 5.000%, 07/01/17................................... 300 328,935 5.000%, 07/01/18................................... 665 750,326 Los Angeles Department of Water & Power (RB) Series B 5.000%, 07/01/22................................... 435 545,873 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Los Angeles Municipal Improvement Corp. (RB) Series A 5.000%, 09/01/16................................... $ 200 $ 214,002 Los Angeles Municipal Improvement Corp. (RB) Series C 3.000%, 03/01/16................................... 250 257,158 Los Angeles Unified School District (GO) (NATL-RE) 5.750%, 07/01/15................................... 125 127,873 Los Angeles Unified School District (GO) Series A 3.000%, 07/01/19................................... 475 518,876 5.000%, 07/01/20................................... 150 181,071 2.000%, 07/01/22................................... 630 657,865 Los Angeles Unified School District (GO) Series C 5.000%, 07/01/23................................... 2,400 3,050,352 Los Angeles Unified School District (GO) Series D 4.000%, 07/01/17................................... 200 216,886 Los Angeles Unified School District (GO) Series KRY 5.000%, 07/01/15................................... 250 254,978 5.000%, 07/01/18................................... 750 858,975 Los Rios Community College District (GO) Series B 5.000%, 08/01/23................................... 510 642,095 Lynwood Unified School District (GO) (AGM) 5.000%, 08/01/21................................... 450 545,215 5.000%, 08/01/22................................... 485 595,604 Manhattan Beach Unified School District (GO) Series C 3.500%, 09/01/21................................... 1,185 1,320,268 Manhattan Beach Unified School District (GO) Series E 3.000%, 09/01/22................................... 560 608,625 Mendocino-Lake Community College District (GO) Series A (NATL-RE) 5.000%, 08/01/17................................... 100 109,689 Merced Union High School District (GO) Series A (ASSURED GTY) 4.000%, 08/01/18................................... 250 272,343 Montebello Unified School District (GO) 5.000%, 08/01/20................................... 415 498,324 Moreno Valley Public Financing Authority (RB) 5.000%, 11/01/20................................... 1,470 1,744,875 Morongo Unified School District (GO) 3.000%, 08/01/22................................... 480 507,408 835 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Mount Diablo Unified School District (GO) 3.250%, 08/01/19................................... $ 500 $ 545,380 New Haven Unified School District (GO) (ASSURED GTY) 5.000%, 08/01/19................................... 150 176,289 Oakland Joint Powers Financing Authority (RB) Series B (ASSURED GTY) 4.500%, 08/01/18................................... 500 561,000 Oceanside Unified School District (GO) 4.000%, 08/01/17................................... 300 324,645 Oxnard Union High School District (GO) 4.000%, 08/01/21................................... 320 370,595 4.000%, 08/01/22................................... 500 582,865 Oxnard Union High School District (GO) Series A (AGM) 4.000%, 08/01/15................................... 245 249,449 Peralta Community College District (GO) 5.000%, 08/01/17................................... 100 110,813 Peralta Community College District (GO) (AGM) 5.000%, 08/01/15................................... 200 204,766 Placentia-Yorba Linda Unified School District (GO) Series A 5.000%, 08/01/18................................... 275 313,772 Plumas Unified School District (GO) (AGM) 5.250%, 08/01/21................................... 800 955,400 Pomona Unified School District (GO) Series C 4.000%, 08/01/16................................... 250 262,988 Porterville Unified School District Facilities Improvement District (GO) Series B (AGM) 5.000%, 08/01/18................................... 450 508,302 5.000%, 08/01/19................................... 325 375,609 Poway Unified School District (GO) 5.000%, 08/01/19................................... 200 235,824 Rancho Santiago Community College District (GO) (AGM) 5.250%, 09/01/20................................... 500 610,995 Redlands Financing Authority (RB) Series A 5.000%, 09/01/22................................... 1,290 1,595,485 Roseville City School District (GO) 5.000%, 08/01/17................................... 400 443,040 Sacramento City Unified School District (GO) 5.000%, 07/01/18................................... 300 342,060 5.000%, 07/01/24................................... 1,800 2,231,370 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Sacramento Municipal Utility District (RB) Series U (AGM) 5.000%, 08/15/17................................... $ 125 $ 138,625 Saddleback Valley Unified School District (GO) 5.000%, 08/01/22................................... 465 579,920 San Diego County Regional Transportation Commission (RB) Series A 5.000%, 04/01/18................................... 1,365 1,553,998 San Diego County Water Authority (RB) Series A 4.000%, 05/01/17................................... 450 484,015 San Diego Public Facilities Financing Authority Water Revenue (RB) Series A 5.000%, 08/01/16................................... 400 427,836 San Diego Unified School District (GO) Series C-2 (AGM) 5.500%, 07/01/21................................... 600 756,138 5.500%, 07/01/25................................... 2,550 3,390,480 San Dieguito Union High School District (GO) Series A-2 5.000%, 08/01/23................................... 490 620,458 San Juan Unified School District (GO) 5.000%, 08/01/22................................... 800 1,002,216 San Juan Unified School District (GO) Series B 3.000%, 08/01/16................................... 260 270,361 San Ramon Valley Unified School District (GO) 4.000%, 08/01/21................................... 1,500 1,762,575 Santa Ana Unified School District (GO) Series A 5.000%, 08/01/18................................... 275 313,162 Santa Cruz City High School District (GO) 4.000%, 08/01/22................................... 715 819,926 Santa Monica Community College District (GO) Series A 5.000%, 08/01/22................................... 225 281,691 Santa Monica Public Financing Authority (RB) Series B 4.000%, 12/01/19................................... 175 199,136 Saugus Union School District (GO) (NATL-RE FGIC) 5.250%, 08/01/17................................... 500 556,755 Saugus/Hart School Facilities Financing Authority (RB) Series B 5.000%, 09/01/15................................... 300 308,163 Sequoia Union High School District (GO) Series A 4.000%, 07/01/16................................... 360 378,756 836 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ---------- ------------ CALIFORNIA -- (Continued) South San Francisco Unified School District (GO) Series G............................................ 3.500%, 07/01/18................................. $ 4,100 $ 4,478,717 Southern California Public Power Authority (RB)....... 5.000%, 07/01/18................................. 250 285,505 5.000%, 07/01/18................................. 150 171,303 4.000%, 07/01/19................................. 575 650,538 5.000%, 07/01/19................................. 650 763,386 Standard Elementary School District (GO) Series A 4.000%, 08/01/24................................. 240 281,988 Stockton Unified School District (GO) (AGM) 5.000%, 07/01/20................................. 150 177,087 Sweetwater Union High School District (GO) 5.000%, 01/01/18................................. 1,200 1,345,704 Val Verde Unified School District (GO) Series B (AGM) 3.000%, 08/01/17................................. 200 212,160 West Contra Costa Unified School District (GO) (AGM) 5.000%, 08/01/17................................. 195 215,931 5.000%, 08/01/18................................. 900 1,028,898 West Contra Costa Unified School District (GO) (ASSURED GTY)....................................... 5.000%, 08/01/17................................. 175 193,785 West Contra Costa Unified School District (GO) Series B 6.000%, 08/01/20................................. 1,065 1,337,182 West Covina Unified School District (GO) (AGM) 5.000%, 08/01/21................................. 385 459,902 Western Riverside County Regional Wastewater Authority (RB) (ASSURED GTY)........................ 5.000%, 09/01/19................................. 250 280,073 Westside Union School District (GO) Series A 4.000%, 08/01/23................................. 700 821,366 Wright Elementary School District (GO) Series A 3.000%, 08/01/20................................. 165 179,089 Yolo County Washington Unified School District (GO) 4.000%, 08/01/19................................. 450 507,460 Yosemite Union High School District (GO) (AGM) 4.000%, 08/01/19................................. 395 425,601 Yuba Community College District (GO) Series C 5.000%, 08/01/17................................. 240 264,566 ------------ TOTAL MUNICIPAL BONDS................................. 153,505,742 ------------ SHARES VALUE+ ---------- ------------ TEMPORARY CASH INVESTMENTS -- (1.1%) JPMorgan Tax Free Money Market Fund.............. 1,696,482 $ 1,696,482 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $149,652,925)^^................................ $155,202,224 ============ 837 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------------ ------- ------------ Municipal Bonds................... -- $153,505,742 -- $153,505,742 Temporary Cash Investments........ $1,696,482 -- -- 1,696,482 ---------- ------------ -- ------------ TOTAL............................. $1,696,482 $153,505,742 -- $155,202,224 ========== ============ == ============ 838 DFA SHORT-DURATION REAL RETURN PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (88.1%) AUSTRALIA -- (3.7%) Australia & New Zealand Banking Group, Ltd. 1.250%, 06/13/17....................................... $5,000 $ 5,015,670 1.875%, 10/06/17....................................... 358 362,721 1.450%, 05/15/18....................................... 358 357,211 BHP Billiton Finance USA, Ltd. 1.875%, 11/21/16....................................... 1,300 1,323,479 1.625%, 02/24/17....................................... 824 834,791 Commonwealth Bank of Australia 1.125%, 03/13/17....................................... 4,000 4,007,056 1.900%, 09/18/17....................................... 787 798,522 2.500%, 09/20/18....................................... 916 943,498 2.250%, 03/13/19....................................... 5,000 5,110,165 National Australia Bank, Ltd. 1.300%, 07/25/16....................................... 250 252,276 2.250%, 07/01/19....................................... 3,500 3,565,447 Rio Tinto Finance USA, Ltd. 2.500%, 05/20/16....................................... 597 609,302 2.250%, 09/20/16....................................... 572 583,328 Westpac Banking Corp. 1.200%, 05/19/17....................................... 2,800 2,812,023 2.000%, 08/14/17....................................... 501 510,763 ----------- TOTAL AUSTRALIA............................................ 27,086,252 ----------- AUSTRIA -- (0.3%) Austria Government International Bond 1.750%, 06/17/16....................................... 215 219,149 Oesterreichische Kontrollbank AG 2.000%, 06/03/16....................................... 272 277,926 1.125%, 05/29/18....................................... 1,431 1,434,539 ----------- TOTAL AUSTRIA.............................................. 1,931,614 ----------- CANADA -- (8.4%) Bank of Montreal # 2.375%, 01/25/19....................................... 24 24,653 Bank of Nova Scotia (The) 2.900%, 03/29/16....................................... 715 734,113 British Columbia, Province of Canada 2.100%, 05/18/16....................................... 358 365,821 1.200%, 04/25/17....................................... 715 721,794 Canada Government International Bond # 0.875%, 02/14/17....................................... 715 719,409 Canadian Imperial Bank of Commerce 0.900%, 10/01/15....................................... 813 815,862 Canadian National Railway Co. 1.450%, 12/15/16....................................... 2,036 2,060,815 FACE AMOUNT^ (000) VALUE+ ------- ----------- CANADA -- (Continued) Canadian Natural Resources, Ltd. 5.700%, 05/15/17....................................... $ 588 $ 638,447 Cenovus Energy, Inc. 5.700%, 10/15/19....................................... 2,000 2,194,384 Encana Corp. 5.900%, 12/01/17....................................... 460 500,416 6.500%, 05/15/19....................................... 2,250 2,472,484 Export Development Canada 1.250%, 10/26/16....................................... 785 794,586 Goldcorp, Inc. # 2.125%, 03/15/18....................................... 2,000 2,004,550 Manitoba, Province of Canada 2.625%, 07/15/15....................................... 572 578,313 Ontario, Province of Canada 4.950%, 11/28/16....................................... 715 770,180 1.100%, 10/25/17....................................... 4,000 4,008,200 1.200%, 02/14/18....................................... 2,831 2,838,496 2.000%, 01/30/19....................................... 5,000 5,128,040 Petro-Canada 6.050%, 05/15/18....................................... 429 484,195 Potash Corp. of Saskatchewan, Inc. 3.750%, 09/30/15....................................... 1,315 1,340,435 3.250%, 12/01/17....................................... 123 129,736 Royal Bank of Canada 2.300%, 07/20/16....................................... 393 401,980 1.450%, 09/09/16....................................... 871 880,385 1.500%, 01/16/18....................................... 7,000 7,060,900 2.200%, 07/27/18....................................... 4,000 4,096,124 # 2.150%, 03/15/19....................................... 1,700 1,740,135 Suncor Energy, Inc. # 6.100%, 06/01/18....................................... 707 799,070 Teck Resources, Ltd. 2.500%, 02/01/18....................................... 925 901,535 Thomson Reuters Corp. 1.300%, 02/23/17....................................... 1,300 1,302,037 Toronto-Dominion Bank (The) 2.375%, 10/19/16....................................... 215 220,808 # 1.125%, 05/02/17....................................... 5,000 5,005,530 2.625%, 09/10/18....................................... 715 742,344 # 2.125%, 07/02/19....................................... 7,600 7,780,629 TransCanada PipeLines, Ltd. 0.875%, 03/02/15....................................... 279 279,096 3.400%, 06/01/15....................................... 429 433,249 ----------- TOTAL CANADA............................................... 60,968,751 ----------- DENMARK -- (0.1%) Kommunekredit 1.125%, 03/15/18....................................... 715 716,539 ----------- 839 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- FINLAND -- (1.1%) Finland Government International Bond 2.250%, 03/17/16....................................... $ 501 $ 511,719 Municipality Finance P.L.C. 2.375%, 05/16/16....................................... 1,432 1,467,582 1.125%, 04/17/18....................................... 5,789 5,795,079 ----------- TOTAL FINLAND.............................................. 7,774,380 ----------- FRANCE -- (2.7%) BNP Paribas SA 3.250%, 03/11/15....................................... 286 286,950 1.250%, 12/12/16....................................... 1,431 1,437,561 2.375%, 09/14/17....................................... 252 257,820 BPCE SA 2.500%, 12/10/18....................................... 2,200 2,253,792 2.500%, 07/15/19....................................... 2,000 2,045,738 Caisse d'Amortissement de la Dette Sociale 2.125%, 04/12/17....................................... 1,059 1,089,659 Orange SA 2.125%, 09/16/15....................................... 465 468,840 2.750%, 09/14/16....................................... 1,000 1,027,247 Sanofi 1.250%, 04/10/18....................................... 744 746,690 Societe Generale SA 2.750%, 10/12/17....................................... 1,772 1,826,950 Total Capital International SA 2.125%, 01/10/19....................................... 781 797,125 # 2.100%, 06/19/19....................................... 7,000 7,137,781 Total Capital SA 3.125%, 10/02/15....................................... 358 364,340 ----------- TOTAL FRANCE............................................... 19,740,493 ----------- GERMANY -- (2.0%) Deutsche Bank AG 3.250%, 01/11/16....................................... 1,000 1,022,154 6.000%, 09/01/17....................................... 862 960,309 # 2.500%, 02/13/19....................................... 777 798,172 FMS Wertmanagement AoeR 1.000%, 11/21/17....................................... 8,789 8,814,813 KFW 2.000%, 06/01/16....................................... 72 73,523 4.875%, 01/17/17....................................... 358 387,459 1.250%, 02/15/17....................................... 1,002 1,014,141 0.875%, 09/05/17....................................... 358 358,831 Landeskreditbank Baden- Wuerttemberg Foerderbank 2.250%, 07/15/16....................................... 558 572,417 FACE AMOUNT^ (000) VALUE+ ------- ----------- GERMANY -- (Continued) Landwirtschaftliche Rentenbank 0.875%, 09/12/17....................................... $ 901 $ 902,660 ----------- TOTAL GERMANY.............................................. 14,904,479 ----------- ITALY -- (0.3%) Intesa Sanpaolo SpA 3.875%, 01/16/18....................................... 2,000 2,105,190 ----------- JAPAN -- (1.7%) Development Bank of Japan, Inc. 2.875%, 04/20/15....................................... 100 100,552 1.875%, 10/03/18....................................... 594 606,466 Japan Bank for International Cooperation 2.250%, 07/13/16....................................... 358 366,728 1.750%, 07/31/18....................................... 358 363,798 Japan Finance Organization for Municipalities 1.375%, 02/05/18....................................... 5,000 5,016,450 Nippon Telegraph & Telephone Corp. 1.400%, 07/18/17....................................... 102 102,394 Nomura Holdings, Inc. 5.000%, 03/04/15....................................... 215 215,770 2.000%, 09/13/16....................................... 1,528 1,544,477 2.750%, 03/19/19....................................... 1,500 1,536,900 Sumitomo Mitsui Banking Corp. 2.450%, 01/10/19....................................... 2,673 2,728,943 ----------- TOTAL JAPAN................................................ 12,582,478 ----------- NETHERLANDS -- (3.8%) Bank Nederlandse Gemeenten NV 1.375%, 09/27/17....................................... 1,002 1,013,729 1.375%, 03/19/18....................................... 1,790 1,805,047 1.875%, 06/11/19....................................... 5,000 5,111,070 Cooperatieve Centrale Raiffeisen- Boerenleenbank BA # 2.125%, 10/13/15....................................... 1,178 1,192,027 1.700%, 03/19/18....................................... 5,000 5,033,610 2.250%, 01/14/19....................................... 3,356 3,417,720 Koninklijke Philips NV 5.750%, 03/11/18....................................... 1,164 1,307,415 LyondellBasell Industries NV 5.000%, 04/15/19....................................... 1,650 1,826,860 Nederlandse Waterschapsbank NV 2.125%, 06/16/16....................................... 429 438,912 Shell International Finance BV 1.125%, 08/21/17....................................... 358 359,259 2.000%, 11/15/18....................................... 5,709 5,811,596 ----------- TOTAL NETHERLANDS.......................................... 27,317,245 ----------- 840 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- NORWAY -- (0.5%) Kommunalbanken A.S. 2.375%, 01/19/16....................................... $ 108 $ 110,061 1.000%, 09/26/17....................................... 286 286,750 1.000%, 03/15/18....................................... 2,146 2,141,289 Statoil ASA 1.200%, 01/17/18....................................... 168 167,447 1.150%, 05/15/18....................................... 236 234,006 1.950%, 11/08/18....................................... 715 728,195 ----------- TOTAL NORWAY............................................... 3,667,748 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (3.0%) African Development Bank 1.125%, 03/15/17....................................... 501 505,631 Asian Development Bank 1.125%, 03/15/17....................................... 358 361,423 1.750%, 09/11/18....................................... 639 653,435 1.875%, 04/12/19....................................... 5,000 5,127,795 Council Of Europe Development Bank 1.500%, 06/19/17....................................... 930 945,189 EUROFIMA 5.250%, 04/07/16....................................... 358 377,983 European Bank for Reconstruction & Development 1.750%, 06/14/19....................................... 5,000 5,110,130 European Investment Bank 4.875%, 01/17/17....................................... 358 387,414 1.625%, 06/15/17....................................... 5,286 5,394,849 1.125%, 09/15/17....................................... 215 216,808 Inter-American Development Bank 1.125%, 03/15/17....................................... 59 59,638 0.875%, 03/15/18....................................... 715 713,979 International Bank for Reconstruction & Development 1.000%, 09/15/16....................................... 143 144,120 0.875%, 04/17/17....................................... 859 865,521 International Finance Corp. 0.875%, 06/15/18....................................... 215 213,824 Nordic Investment Bank 0.750%, 01/17/18....................................... 787 783,089 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS............... 21,860,828 ----------- SWEDEN -- (1.1%) Kommuninvest I Sverige AB 1.000%, 10/24/17....................................... 1,776 1,779,380 Svensk Exportkredit AB 2.125%, 07/13/16....................................... 715 731,974 1.750%, 05/30/17....................................... 4,358 4,448,437 Svenska Handelsbanken AB 2.875%, 04/04/17....................................... 700 726,144 FACE AMOUNT^ (000) VALUE+ ------- ----------- SWEDEN -- (Continued) 2.500%, 01/25/19....................................... $ 358 $ 370,327 ----------- TOTAL SWEDEN............................................... 8,056,262 ----------- SWITZERLAND -- (0.7%) Credit Suisse New York 3.500%, 03/23/15....................................... 250 251,148 1.375%, 05/26/17....................................... 2,000 2,003,402 # 2.300%, 05/28/19....................................... 625 635,302 Noble Holding International, Ltd. # 2.500%, 03/15/17....................................... 209 198,676 UBS AG 5.875%, 12/20/17....................................... 372 416,883 # 5.750%, 04/25/18....................................... 1,000 1,130,958 2.375%, 08/14/19....................................... 667 681,990 ----------- TOTAL SWITZERLAND.......................................... 5,318,359 ----------- UNITED KINGDOM -- (2.1%) Barclays Bank P.L.C. # 2.500%, 02/20/19....................................... 2,600 2,683,002 BP Capital Markets P.L.C. 3.125%, 10/01/15....................................... 408 414,724 2.248%, 11/01/16....................................... 1,651 1,683,025 1.846%, 05/05/17....................................... 250 253,104 British Telecommunications P.L.C. 2.000%, 06/22/15....................................... 874 878,820 1.250%, 02/14/17....................................... 272 272,055 Diageo Capital P.L.C. 1.500%, 05/11/17....................................... 890 899,760 Ensco P.L.C. 3.250%, 03/15/16....................................... 1,375 1,398,404 GlaxoSmithKline Capital P.L.C. 1.500%, 05/08/17....................................... 1,498 1,516,049 Lloyds Bank P.L.C. 4.875%, 01/21/16....................................... 1,002 1,042,084 4.200%, 03/28/17....................................... 780 827,736 Network Rail Infrastructure Finance P.L.C. 1.250%, 08/31/16....................................... 329 332,842 Royal Bank of Scotland Group P.L.C. 2.550%, 09/18/15....................................... 1,288 1,300,908 Vodafone Group P.L.C. 5.625%, 02/27/17....................................... 358 388,739 1.250%, 09/26/17....................................... 1,500 1,492,824 ----------- TOTAL UNITED KINGDOM....................................... 15,384,076 ----------- UNITED STATES -- (56.6%) 3M Co. 1.375%, 09/29/16....................................... 715 725,285 1.000%, 06/26/17....................................... 501 504,087 841 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) ABB Finance USA, Inc. 1.625%, 05/08/17....................................... $ 189 $ 190,871 AbbVie, Inc. 1.200%, 11/06/15....................................... 358 359,140 ACE INA Holdings, Inc. 5.600%, 05/15/15....................................... 255 258,451 # 2.600%, 11/23/15....................................... 1,216 1,235,596 Actavis, Inc. 1.875%, 10/01/17....................................... 1,276 1,280,451 Adobe Systems, Inc. 3.250%, 02/01/15....................................... 715 715,000 Aetna, Inc. 2.200%, 03/15/19....................................... 3,340 3,387,131 Aflac, Inc. 3.450%, 08/15/15....................................... 134 136,072 2.650%, 02/15/17....................................... 1,515 1,567,764 Agilent Technologies, Inc. 6.500%, 11/01/17....................................... 153 170,529 Air Products & Chemicals, Inc. 2.000%, 08/02/16....................................... 919 935,904 Allergan, Inc. 5.750%, 04/01/16....................................... 40 42,154 Altria Group, Inc. 4.125%, 09/11/15....................................... 610 623,547 Amazon.com, Inc. 0.650%, 11/27/15....................................... 382 382,352 2.600%, 12/05/19....................................... 2,700 2,774,304 American Express Credit Corp. 2.800%, 09/19/16....................................... 1,481 1,527,992 2.125%, 03/18/19....................................... 2,000 2,027,678 American Honda Finance Corp. 2.125%, 10/10/18....................................... 2,196 2,244,477 American International Group, Inc. 5.600%, 10/18/16....................................... 968 1,040,687 5.850%, 01/16/18....................................... 556 626,468 2.300%, 07/16/19....................................... 1,500 1,526,436 Ameriprise Financial, Inc. 5.650%, 11/15/15....................................... 72 74,683 Amgen, Inc. 2.125%, 05/15/17....................................... 1,000 1,019,382 Amphenol Corp. 2.550%, 01/30/19....................................... 3,800 3,896,167 Anadarko Petroleum Corp. 5.950%, 09/15/16....................................... 1,355 1,449,304 Anheuser-Busch Cos., LLC 5.050%, 10/15/16....................................... 379 405,096 Anheuser-Busch InBev Worldwide, Inc. 1.375%, 07/15/17....................................... 1,717 1,732,532 Anthem, Inc. 1.250%, 09/10/15....................................... 2,000 2,006,522 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 5.875%, 06/15/17....................................... $ 117 $ 128,756 1.875%, 01/15/18....................................... 3,000 3,037,611 Apache Corp. 5.625%, 01/15/17....................................... 527 570,496 1.750%, 04/15/17....................................... 358 359,849 Apple, Inc. 1.000%, 05/03/18....................................... 10,572 10,528,634 # 2.100%, 05/06/19....................................... 4,000 4,127,804 Applied Materials, Inc. 2.650%, 06/15/16....................................... 297 303,478 Assurant, Inc. 2.500%, 03/15/18....................................... 715 730,325 AT&T, Inc. 2.500%, 08/15/15....................................... 810 818,383 2.400%, 08/15/16....................................... 465 475,436 1.600%, 02/15/17....................................... 358 360,829 Autodesk, Inc. 1.950%, 12/15/17....................................... 75 75,774 AutoZone, Inc. 6.950%, 06/15/16....................................... 54 58,432 1.300%, 01/13/17....................................... 1,035 1,039,962 Avnet, Inc. 6.000%, 09/01/15....................................... 143 146,925 Baker Hughes, Inc. 7.500%, 11/15/18....................................... 66 79,493 Bank of America Corp. 4.500%, 04/01/15....................................... 715 719,514 3.750%, 07/12/16....................................... 715 740,878 2.000%, 01/11/18....................................... 415 417,849 2.600%, 01/15/19....................................... 2,000 2,041,864 Bank of New York Mellon Corp. (The) 2.100%, 01/15/19....................................... 1,000 1,018,847 2.200%, 05/15/19....................................... 1,500 1,531,161 Baxter International, Inc. 1.850%, 06/15/18....................................... 4,400 4,445,399 BB&T Corp. # 2.150%, 03/22/17....................................... 411 419,388 1.450%, 01/12/18....................................... 141 141,477 6.850%, 04/30/19....................................... 2,000 2,408,522 Beam Suntory, Inc. 1.750%, 06/15/18....................................... 1,431 1,435,237 Becton Dickinson and Co. 1.750%, 11/08/16....................................... 1,882 1,906,080 Berkshire Hathaway Finance Corp. 0.950%, 08/15/16....................................... 715 720,339 1.600%, 05/15/17....................................... 72 73,160 1.300%, 05/15/18....................................... 7,264 7,294,531 Berkshire Hathaway, Inc. 2.200%, 08/15/16....................................... 358 366,908 1.900%, 01/31/17....................................... 358 365,470 842 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Boeing Capital Corp. 2.900%, 08/15/18................................... $ 546 $ 574,435 Boston Scientific Corp. 6.400%, 06/15/16................................... 72 76,957 2.650%, 10/01/18................................... 2,000 2,040,206 Branch Banking & Trust Co. 2.300%, 10/15/18................................... 1,073 1,104,223 Bristol-Myers Squibb Co. 1.750%, 03/01/19................................... 1,500 1,519,220 Broadcom Corp. # 2.700%, 11/01/18................................... 2,000 2,066,370 Brown-Forman Corp. 1.000%, 01/15/18................................... 495 491,090 Buckeye Partners L.P. 6.050%, 01/15/18................................... 1,310 1,454,113 2.650%, 11/15/18................................... 261 261,130 Campbell Soup Co. 3.050%, 07/15/17................................... 1,500 1,566,912 Capital One Bank USA NA 2.300%, 06/05/19................................... 2,000 2,018,204 Capital One Financial Corp. 2.150%, 03/23/15................................... 214 214,482 2.450%, 04/24/19................................... 900 912,592 Cardinal Health, Inc. 1.700%, 03/15/18................................... 1,919 1,928,937 CareFusion Corp. 1.450%, 05/15/17................................... 1,650 1,651,472 Caterpillar Financial Services Corp. 4.750%, 02/17/15................................... 250 250,411 2.650%, 04/01/16................................... 572 586,118 1.000%, 11/25/16................................... 715 718,978 2.450%, 09/06/18................................... 545 564,849 CBS Corp. 1.950%, 07/01/17................................... 621 628,469 2.300%, 08/15/19................................... 2,000 2,016,472 Celgene Corp. 2.450%, 10/15/15................................... 297 300,519 2.250%, 05/15/19................................... 2,000 2,031,500 CenterPoint Energy Resources Corp. 6.125%, 11/01/17................................... 39 43,818 CF Industries, Inc. 6.875%, 05/01/18................................... 2,413 2,762,436 Charles Schwab Corp. (The) 2.200%, 07/25/18................................... 372 381,246 Chevron Corp. 1.104%, 12/05/17................................... 383 383,043 1.718%, 06/24/18................................... 1,907 1,936,499 Cigna Corp. 2.750%, 11/15/16................................... 739 761,630 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Citigroup, Inc. 4.450%, 01/10/17................................... $ 501 $ 530,735 # 6.000%, 08/15/17................................... 501 554,796 2.500%, 09/26/18................................... 501 511,495 Clorox Co. (The) 5.950%, 10/15/17................................... 1,800 2,014,988 CNA Financial Corp. 6.500%, 08/15/16................................... 2,000 2,160,276 Coca-Cola Co. (The) 1.150%, 04/01/18................................... 5,000 5,022,640 # 1.650%, 11/01/18................................... 4,543 4,613,148 Colgate-Palmolive Co. 1.500%, 11/01/18................................... 5,393 5,468,507 Comcast Corp. 6.500%, 01/15/17................................... 1,122 1,243,240 6.300%, 11/15/17................................... 286 325,344 5.700%, 05/15/18................................... 501 569,414 Comerica, Inc. 3.000%, 09/16/15................................... 143 144,978 2.125%, 05/23/19................................... 1,450 1,462,270 Computer Sciences Corp. 6.500%, 03/15/18................................... 669 748,262 ConAgra Foods, Inc. 1.900%, 01/25/18................................... 1,471 1,471,891 ConocoPhillips Co. # 1.050%, 12/15/17................................... 1,334 1,328,760 Constellation Energy Group, Inc. 4.550%, 06/15/15................................... 695 705,704 Costco Wholesale Corp. 1.125%, 12/15/17................................... 1,216 1,219,254 CR Bard, Inc. 1.375%, 01/15/18................................... 277 276,172 Crane Co. 2.750%, 12/15/18................................... 608 623,655 CVS Health Corp. 3.250%, 05/18/15................................... 360 362,941 5.750%, 06/01/17................................... 22 24,358 2.250%, 08/12/19................................... 2,500 2,554,772 Daimler Finance North America LLC 1.450%, 08/01/16................................... 1,500 1,511,532 DCP Midstream Operating L.P. 2.700%, 04/01/19................................... 1,035 996,768 Diamond Offshore Drilling, Inc. 4.875%, 07/01/15................................... 111 112,738 DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. 3.550%, 03/15/15................................... 644 646,237 Discovery Communications LLC 3.700%, 06/01/15................................... 2,000 2,021,010 Dollar General Corp. 1.875%, 04/15/18................................... 921 910,984 843 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Dominion Resources, Inc. 1.950%, 08/15/16................................... $1,073 $1,088,610 2.500%, 12/01/19................................... 2,000 2,051,770 Dover Corp. 4.875%, 10/15/15................................... 429 442,563 Dow Chemical Co. (The) 2.500%, 02/15/16................................... 1,297 1,319,263 Dr. Pepper Snapple Group, Inc. 2.900%, 01/15/16................................... 861 878,242 Duke Energy Corp. 3.350%, 04/01/15................................... 159 159,740 1.625%, 08/15/17................................... 794 802,190 2.100%, 06/15/18................................... 1,300 1,330,485 Eastman Chemical Co. 3.000%, 12/15/15................................... 317 322,952 2.400%, 06/01/17................................... 608 621,296 eBay, Inc. 1.625%, 10/15/15................................... 165 166,170 1.350%, 07/15/17................................... 123 122,588 Ecolab, Inc. 1.000%, 08/09/15................................... 715 716,577 Edwards Lifesciences Corp. 2.875%, 10/15/18................................... 1,000 1,032,464 EI du Pont de Nemours & Co. 6.000%, 07/15/18................................... 708 811,326 EMC Corp. 1.875%, 06/01/18................................... 1,767 1,787,888 Enbridge Energy Partners L.P. 5.875%, 12/15/16................................... 72 77,781 Energy Transfer Partners L.P. 5.950%, 02/01/15................................... 1,325 1,325,000 Enterprise Products Operating LLC 5.000%, 03/01/15................................... 72 72,228 1.250%, 08/13/15................................... 215 215,381 3.200%, 02/01/16................................... 358 362,699 6.650%, 04/15/18................................... 2,000 2,291,332 EOG Resources, Inc. 2.950%, 06/01/15................................... 358 360,706 2.500%, 02/01/16................................... 182 184,992 5.875%, 09/15/17................................... 705 784,339 Exelon Corp. 4.900%, 06/15/15................................... 966 980,682 Express Scripts Holding Co. 3.125%, 05/15/16................................... 1,930 1,982,291 Exxon Mobil Corp. # 0.921%, 03/15/17................................... 5,000 5,030,520 1.819%, 03/15/19................................... 5,472 5,605,938 Fifth Third Bancorp 3.625%, 01/25/16................................... 1,051 1,078,253 Fifth Third Bank 1.450%, 02/28/18................................... 3,000 2,998,296 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) FMC Technologies, Inc. 2.000%, 10/01/17................................... $1,120 $1,116,680 Ford Motor Credit Co. LLC 5.000%, 05/15/18................................... 1,524 1,667,466 2.375%, 03/12/19................................... 1,300 1,315,765 Freeport-McMoRan, Inc. 2.150%, 03/01/17................................... 299 297,154 GATX Corp. 1.250%, 03/04/17................................... 1,500 1,493,867 2.500%, 07/30/19................................... 200 202,293 General Dynamics Corp. 1.000%, 11/15/17................................... 551 550,549 General Electric Capital Corp. 2.250%, 11/09/15................................... 143 145,081 2.950%, 05/09/16................................... 286 294,559 1.600%, 11/20/17................................... 3,000 3,035,775 Georgia Power Co. 0.750%, 08/10/15................................... 1,028 1,028,981 5.250%, 12/15/15................................... 217 225,906 Goldman Sachs Group, Inc. (The) 3.625%, 02/07/16................................... 1,073 1,101,608 6.250%, 09/01/17................................... 2,381 2,654,067 Google, Inc. 2.125%, 05/19/16................................... 1,052 1,076,181 Halliburton Co. 1.000%, 08/01/16................................... 651 652,784 2.000%, 08/01/18................................... 3,970 4,014,210 Hartford Financial Services Group, Inc. (The) 4.000%, 03/30/15................................... 143 143,764 Hershey Co. (The) 4.850%, 08/15/15................................... 36 36,870 1.500%, 11/01/16................................... 358 363,293 Hewlett-Packard Co. 2.200%, 12/01/15................................... 1,379 1,394,194 2.600%, 09/15/17................................... 72 74,060 5.500%, 03/01/18................................... 358 398,789 2.750%, 01/14/19................................... 340 349,687 Hillshire Brands Co. (The) 2.750%, 09/15/15................................... 72 72,692 Home Depot, Inc. (The) 5.400%, 03/01/16................................... 64 67,376 2.250%, 09/10/18................................... 2,000 2,073,304 HSBC Finance Corp. 5.500%, 01/19/16................................... 143 149,315 HSBC USA, Inc. 1.625%, 01/16/18................................... 1,130 1,138,664 2.375%, 11/13/19................................... 481 491,152 Humana, Inc. 2.625%, 10/01/19................................... 3,000 3,068,805 844 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Huntington Bancshares, Inc. 2.600%, 08/02/18................................... $1,043 $1,065,171 Indiana Michigan Power Co. 7.000%, 03/15/19................................... 2,000 2,399,760 Intel Corp. 1.950%, 10/01/16................................... 859 878,322 International Business Machines Corp. 1.250%, 02/08/18................................... 100 100,506 1.950%, 02/12/19................................... 537 548,826 Intuit, Inc. 5.750%, 03/15/17................................... 1,300 1,415,514 Jefferies Group LLC # 5.125%, 04/13/18................................... 134 141,766 John Deere Capital Corp. 2.000%, 01/13/17................................... 472 482,248 1.200%, 10/10/17................................... 1,074 1,075,983 Johnson & Johnson 2.150%, 05/15/16................................... 143 146,230 Johnson Controls, Inc. 5.500%, 01/15/16................................... 450 470,205 2.600%, 12/01/16................................... 401 411,910 JPMorgan Chase & Co. 3.400%, 06/24/15................................... 179 181,037 3.150%, 07/05/16................................... 859 883,609 2.000%, 08/15/17................................... 125 126,703 # 2.350%, 01/28/19................................... 3,000 3,055,587 Kellogg Co. # 1.875%, 11/17/16................................... 371 376,864 1.750%, 05/17/17................................... 314 317,669 KeyBank NA 1.100%, 11/25/16................................... 859 861,348 1.650%, 02/01/18................................... 2,000 2,010,270 KeyCorp 3.750%, 08/13/15................................... 1,275 1,296,173 Kimberly-Clark Corp. 1.900%, 05/22/19................................... 2,000 2,031,072 Kinder Morgan Energy Partners L.P. 3.500%, 03/01/16................................... 787 805,121 Kohl's Corp. 6.250%, 12/15/17................................... 358 401,946 Kraft Foods Group, Inc. 1.625%, 06/04/15................................... 838 840,581 Kroger Co. (The) 1.200%, 10/17/16................................... 480 481,454 # 6.400%, 08/15/17................................... 1,170 1,311,213 Laboratory Corp. of America Holdings 2.200%, 08/23/17................................... 1,633 1,654,952 Legg Mason, Inc. 2.700%, 07/15/19................................... 3,000 3,067,662 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Lockheed Martin Corp. 2.125%, 09/15/16................................... $ 95 $ 97,061 Loews Corp. 5.250%, 03/15/16................................... 143 150,140 Lorillard Tobacco Co. 2.300%, 08/21/17................................... 1,797 1,819,098 Lowe's Cos., Inc. 5.000%, 10/15/15................................... 715 737,806 Marathon Oil Corp. 0.900%, 11/01/15................................... 1,274 1,272,501 Marriott International, Inc. 3.000%, 03/01/19................................... 2,960 3,084,595 Marsh & McLennan Cos., Inc. 2.300%, 04/01/17................................... 650 662,862 MasterCard, Inc. # 2.000%, 04/01/19................................... 4,050 4,158,540 Mattel, Inc. 2.350%, 05/06/19................................... 3,000 3,021,774 Maxim Integrated Products, Inc. 2.500%, 11/15/18................................... 2,000 2,031,172 McDonald's Corp. 5.350%, 03/01/18................................... 286 320,673 5.000%, 02/01/19................................... 4,506 5,108,249 McKesson Corp. 1.400%, 03/15/18................................... 2,740 2,734,262 Medtronic, Inc. 3.000%, 03/15/15................................... 465 466,390 Merck Sharp & Dohme Corp. 4.750%, 03/01/15................................... 215 215,720 MetLife, Inc. 5.000%, 06/15/15................................... 358 364,288 Microsoft Corp. 2.500%, 02/08/16................................... 787 804,955 Molson Coors Brewing Co. 2.000%, 05/01/17................................... 70 70,954 Mondelez International, Inc. # 2.250%, 02/01/19................................... 2,000 2,022,852 Monsanto Co. 1.850%, 11/15/18................................... 2,155 2,179,201 Morgan Stanley 3.800%, 04/29/16................................... 100 103,405 4.750%, 03/22/17................................... 1,829 1,953,720 # 2.375%, 07/23/19................................... 3,000 3,026,673 MUFG Union Bank NA 3.000%, 06/06/16................................... 1,996 2,051,110 Mylan, Inc. 2.550%, 03/28/19................................... 1,097 1,115,404 NetApp, Inc. 2.000%, 12/15/17................................... 715 722,170 Newell Rubbermaid, Inc. 6.250%, 04/15/18................................... 930 1,053,371 845 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) NextEra Energy Capital Holdings, Inc. 2.600%, 09/01/15................................... $1,073 $1,085,406 2.400%, 09/15/19................................... 1,950 1,991,976 Nisource Finance Corp. 6.400%, 03/15/18................................... 215 246,724 Northeast Utilities 1.450%, 05/01/18................................... 1,235 1,230,755 Northrop Grumman Corp. 1.750%, 06/01/18................................... 2,095 2,104,855 Nucor Corp. # 5.750%, 12/01/17................................... 4,612 5,142,578 NYSE Euronext 2.000%, 10/05/17................................... 1,350 1,373,285 Occidental Petroleum Corp. 2.500%, 02/01/16................................... 384 390,654 1.750%, 02/15/17................................... 705 714,748 Ohio Power Co. 6.000%, 06/01/16................................... 143 152,730 Omnicom Group, Inc. 5.900%, 04/15/16................................... 707 746,368 ONEOK Partners L.P. 6.150%, 10/01/16................................... 836 891,439 Oracle Corp. 5.250%, 01/15/16................................... 286 299,153 1.200%, 10/15/17................................... 1,665 1,672,955 PACCAR Financial Corp. # 0.750%, 08/14/15................................... 715 716,525 1.600%, 03/15/17................................... 33 33,462 PepsiCo, Inc. 0.750%, 03/05/15................................... 114 114,046 5.000%, 06/01/18................................... 670 748,107 # 2.250%, 01/07/19................................... 1,000 1,034,149 Pfizer, Inc. # 1.500%, 06/15/18................................... 1,252 1,271,030 PG&E Corp. 2.400%, 03/01/19................................... 2,074 2,114,862 Philip Morris International, Inc. 2.500%, 05/16/16................................... 1,000 1,024,836 1.625%, 03/20/17................................... 358 363,686 Pioneer Natural Resources Co. 6.875%, 05/01/18................................... 2,000 2,264,124 Plains All American Pipeline L.P. / PAA Finance Corp. 6.500%, 05/01/18................................... 900 1,027,117 PNC Funding Corp. 2.700%, 09/19/16................................... 1,000 1,028,432 PPG Industries, Inc. 1.900%, 01/15/16................................... 275 277,686 Praxair, Inc. # 1.250%, 11/07/18................................... 888 884,046 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Precision Castparts Corp. 0.700%, 12/20/15................................... $2,000 $2,002,018 Progress Energy, Inc. 5.625%, 01/15/16................................... 143 149,527 Prudential Financial, Inc. 3.000%, 05/12/16................................... 1,294 1,328,457 PSEG Power LLC 2.450%, 11/15/18................................... 2,499 2,547,483 Quest Diagnostics, Inc. 5.450%, 11/01/15................................... 72 74,410 3.200%, 04/01/16................................... 1,343 1,377,248 2.700%, 04/01/19................................... 1,300 1,321,256 Questar Corp. 2.750%, 02/01/16................................... 672 684,435 Qwest Corp. 6.500%, 06/01/17................................... 72 78,754 Raymond James Financial, Inc. 4.250%, 04/15/16................................... 1,000 1,045,318 Raytheon Co. 6.750%, 03/15/18................................... 293 340,765 Republic Services, Inc. 3.800%, 05/15/18................................... 388 413,386 Roper Industries, Inc. 2.050%, 10/01/18................................... 135 135,716 Ryder System, Inc. 2.500%, 03/01/18................................... 250 257,357 2.350%, 02/26/19................................... 2,000 2,023,564 Sempra Energy 6.500%, 06/01/16................................... 921 989,851 Southern Power Co. 4.875%, 07/15/15................................... 143 145,686 Starbucks Corp. 0.875%, 12/05/16................................... 752 753,369 2.000%, 12/05/18................................... 1,183 1,216,199 Starwood Hotels & Resorts Worldwide, Inc. 6.750%, 05/15/18................................... 367 423,223 State Street Corp. 2.875%, 03/07/16................................... 429 440,221 Stryker Corp. 1.300%, 04/01/18................................... 1,500 1,498,425 SunTrust Banks, Inc. 3.600%, 04/15/16................................... 715 737,584 Symantec Corp. 2.750%, 06/15/17................................... 358 365,768 Target Corp. 6.000%, 01/15/18................................... 1,400 1,592,745 # 2.300%, 06/26/19................................... 3,000 3,090,666 Tech Data Corp. 3.750%, 09/21/17................................... 358 370,058 846 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Texas Instruments, Inc. 2.375%, 05/16/16................................... $ 662 $ 678,805 Thermo Fisher Scientific, Inc. 3.200%, 05/01/15................................... 93 93,601 1.850%, 01/15/18................................... 2,166 2,182,213 Time Warner, Inc. 5.875%, 11/15/16................................... 893 968,630 2.100%, 06/01/19................................... 2,000 2,017,330 Total System Services, Inc. 2.375%, 06/01/18................................... 3,000 3,016,806 Toyota Motor Credit Corp. 2.800%, 01/11/16................................... 751 767,684 2.000%, 09/15/16................................... 358 365,747 1.125%, 05/16/17................................... 3,000 3,015,903 2.100%, 01/17/19................................... 572 586,117 Transatlantic Holdings, Inc. 5.750%, 12/14/15................................... 100 103,870 Travelers Cos., Inc. (The) 5.500%, 12/01/15................................... 608 633,261 Tyson Foods, Inc. # 2.650%, 08/15/19................................... 2,000 2,055,912 Unilever Capital Corp. # 2.750%, 02/10/16................................... 650 665,402 2.200%, 03/06/19................................... 1,000 1,030,437 Union Pacific Corp. # 2.250%, 02/15/19................................... 1,400 1,442,850 United Technologies Corp. 4.875%, 05/01/15................................... 64 64,701 # 1.800%, 06/01/17................................... 1,006 1,027,253 UnitedHealth Group, Inc. 6.000%, 06/15/17................................... 200 222,654 # 1.400%, 10/15/17................................... 1,444 1,455,097 2.300%, 12/15/19................................... 1,400 1,438,367 US Bancorp # 3.150%, 03/04/15................................... 215 215,558 1.950%, 11/15/18................................... 1,000 1,015,202 2.200%, 04/25/19................................... 2,000 2,047,478 Valero Energy Corp. 6.125%, 06/15/17................................... 251 276,430 Verizon Communications, Inc. 2.000%, 11/01/16................................... 1,245 1,265,139 2.550%, 06/17/19................................... 1,000 1,026,478 Viacom, Inc. 1.250%, 02/27/15................................... 165 165,070 6.250%, 04/30/16................................... 358 381,815 2.500%, 12/15/16................................... 572 586,572 # 2.200%, 04/01/19................................... 2,000 2,013,058 Wal-Mart Stores, Inc. 0.600%, 04/11/16................................... 215 215,585 2.800%, 04/15/16................................... 572 588,379 5.375%, 04/05/17................................... 448 491,939 FACE AMOUNT^ (000) VALUE+ ------- ------------ UNITED STATES -- (Continued) 1.125%, 04/11/18................................... $11,351 $ 11,377,959 # 1.950%, 12/15/18................................... 490 502,201 Walgreen Co. 1.000%, 03/13/15................................... 990 990,652 1.800%, 09/15/17................................... 644 651,252 5.250%, 01/15/19................................... 34 38,397 Walt Disney Co. (The) 1.125%, 02/15/17................................... 1,214 1,224,143 Waste Management, Inc. 2.600%, 09/01/16................................... 1,465 1,501,769 Wells Fargo & Co. 1.500%, 07/01/15................................... 501 503,423 2.625%, 12/15/16................................... 762 785,523 2.100%, 05/08/17................................... 552 563,794 Western Gas Partners L.P. 2.600%, 08/15/18................................... 1,875 1,896,114 Western Union Co. (The) 5.930%, 10/01/16................................... 566 608,019 Whirlpool Corp. 7.750%, 07/15/16................................... 358 392,518 Williams Partners L.P. 3.800%, 02/15/15................................... 237 237,209 Wyndham Worldwide Corp. 2.500%, 03/01/18................................... 1,805 1,820,653 Xerox Corp. 4.250%, 02/15/15................................... 710 710,922 2.950%, 03/15/17................................... 2,000 2,066,670 Xilinx, Inc. 2.125%, 03/15/19................................... 2,500 2,536,522 Yum! Brands, Inc. 6.250%, 04/15/16................................... 647 686,591 6.250%, 03/15/18................................... 58 65,275 ------------ TOTAL UNITED STATES.................................... 412,656,346 ------------ TOTAL BONDS............................................ 642,071,040 ------------ AGENCY OBLIGATIONS -- (3.6%) Federal Home Loan Bank 0.500%, 11/20/15................................... 645 646,442 4.875%, 05/17/17................................... 1,180 1,291,626 Federal Home Loan Mortgage Corporation 5.125%, 10/18/16................................... 358 385,925 5.000%, 04/18/17................................... 1,002 1,098,599 1.250%, 05/12/17................................... 5,358 5,429,026 1.000%, 07/28/17................................... 429 432,483 1.000%, 09/29/17................................... 66 66,471 3.750%, 03/27/19................................... 4,000 4,424,280 1.750%, 05/30/19................................... 4,000 4,116,204 Federal National Mortgage Association 4.875%, 12/15/16................................... 1,073 1,162,983 847 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ---------- ------------ 1.250%, 01/30/17................................. $ 358 $ 362,918 5.000%, 02/13/17................................. 358 389,912 0.750%, 04/20/17................................. 5,300 5,313,647 1.875%, 09/18/18................................. 715 736,032 Tennessee Valley Authority 1.750%, 10/15/18................................. 715 731,098 ------------ TOTAL AGENCY OBLIGATIONS............................... 26,587,646 ------------ U.S. TREASURY OBLIGATIONS -- (4.0%) Treasury Inflation Protected Security (p) ^^^0.125%, 04/15/17.............................. 6,500 6,852,291 ^^^ 0.125%, 04/15/18................................. 2,900 3,015,681 (p) ^^^0.125%, 04/15/19.............................. 18,500 18,989,396 ------------ TOTAL U.S. TREASURY OBLIGATIONS........................ 28,857,368 ------------ SHARES/ FACE AMOUNT (000) ---------- SECURITIES LENDING COLLATERAL -- (4.3%) (S)@ DFA Short Term Investment Fund................... 2,713,305 31,392,935 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $722,448,411)^^................................ $728,908,989 ============ 848 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Bonds Australia....................... -- $ 27,086,252 -- $ 27,086,252 Austria......................... -- 1,931,614 -- 1,931,614 Canada.......................... -- 60,968,751 -- 60,968,751 Denmark......................... -- 716,539 -- 716,539 Finland......................... -- 7,774,380 -- 7,774,380 France.......................... -- 19,740,493 -- 19,740,493 Germany......................... -- 14,904,479 -- 14,904,479 Italy........................... -- 2,105,190 -- 2,105,190 Japan........................... -- 12,582,478 -- 12,582,478 Netherlands..................... -- 27,317,245 -- 27,317,245 Norway.......................... -- 3,667,748 -- 3,667,748 Supranational Organization Obligations................... -- 21,860,828 -- 21,860,828 Sweden.......................... -- 8,056,262 -- 8,056,262 Switzerland..................... -- 5,318,359 -- 5,318,359 United Kingdom.................. -- 15,384,076 -- 15,384,076 United States................... -- 412,656,346 -- 412,656,346 Agency Obligations................. -- 26,587,646 -- 26,587,646 U.S. Treasury Obligations.......... -- 28,857,368 -- 28,857,368 Securities Lending Collateral...... -- 31,392,935 -- 31,392,935 Swap Agreements**.................. -- (17,191,681) -- (17,191,681) Forward Currency Contracts**....... -- 6,572 -- 6,572 -- ------------ -- ------------ TOTAL.............................. -- $711,723,880 -- $711,723,880 == ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 849 DFA MUNICIPAL REAL RETURN PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ---------- MUNICIPAL BONDS -- (95.1%) ALASKA -- (3.6%) Borough of North Slope (GO) Series C 3.000%, 06/30/18.................................... $ 500 $ 535,485 City of Anchorage (GO) Series B 5.000%, 09/01/21.................................... 900 1,107,279 5.000%, 09/01/23.................................... 600 760,098 ---------- TOTAL ALASKA............................................. 2,402,862 ---------- ARIZONA -- (7.4%) City of Phoenix (GO) 4.000%, 07/01/20.................................... 1,500 1,724,370 City of Tempe (GO) Series C 4.000%, 07/01/22.................................... 1,400 1,641,304 Maricopa County High School District No. 210-Phoenix (GO) 3.000%, 07/01/23.................................... 650 718,627 Scottsdale Municipal Property Corp. (RB) Series A 3.000%, 07/01/21.................................... 805 888,881 ---------- TOTAL ARIZONA............................................ 4,973,182 ---------- ARKANSAS -- (1.6%) Arkansas State (GO) 5.000%, 04/01/21.................................... 900 1,100,025 ---------- COLORADO -- (0.5%) Boulder County (RB) 5.000%, 07/15/18.................................... 100 113,849 City & County of Denver (GO) Series A 5.000%, 08/01/17.................................... 200 221,890 ---------- TOTAL COLORADO........................................... 335,739 ---------- CONNECTICUT -- (1.6%) Connecticut State (GO) Series A 5.000%, 10/15/19.................................... 300 353,262 Connecticut State (GO) Series E 4.000%, 08/15/17.................................... 700 758,023 ---------- TOTAL CONNECTICUT........................................ 1,111,285 ---------- FLORIDA -- (1.2%) Florida State (GO) Series B 5.000%, 06/01/23.................................... 650 815,269 ---------- GEORGIA -- (1.2%) Georgia State (GO) Series C 5.000%, 10/01/21.................................... 650 804,317 ---------- HAWAII -- (1.1%) Hawaii State (GO) Series DK 5.000%, 05/01/17.................................... 700 769,629 ---------- FACE AMOUNT (000) VALUE+ ------ ---------- HAWAII -- (Continued) IOWA -- (1.6%) City of Ankeny (GO) Series G 5.000%, 06/01/19................................... $ 910 $1,067,485 ---------- KANSAS -- (3.4%) City of Lenexa (GO) Series A 5.000%, 09/01/21................................... 600 737,760 Johnson County (GO) Series B 5.000%, 09/01/22................................... 755 940,481 Johnson County Unified School District No. 512 Shawnee Mission (GO) 5.000%, 10/01/17................................... 400 445,668 Kansas State Department of Transportation (RB) Series C 5.000%, 09/01/19................................... 125 147,611 ---------- TOTAL KANSAS........................................... 2,271,520 ---------- LOUISIANA -- (2.5%) Louisiana State (GO) Series C 5.000%, 07/15/22................................... 250 310,440 5.000%, 08/01/23................................... 500 628,605 Louisiana State (GO) Series D-2 5.000%, 12/01/21................................... 600 739,680 ---------- TOTAL LOUISIANA........................................ 1,678,725 ---------- MARYLAND -- (6.0%) Baltimore County (GO) 5.000%, 08/01/21................................... 500 615,510 City of Baltimore (GO) Series B 5.000%, 10/15/22................................... 645 800,045 Maryland State (GO) 5.000%, 03/01/19................................... 1,000 1,166,740 Prince George's County (GO) Series B 5.000%, 09/15/18................................... 650 747,298 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/18................................... 650 740,773 ---------- TOTAL MARYLAND......................................... 4,070,366 ---------- MASSACHUSETTS -- (3.6%) Commonwealth of Massachusetts (GO) Series B 5.250%, 08/01/21................................... 500 621,510 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20................................... 650 783,575 Massachusetts Clean Water Trust (The) (RB) 5.000%, 08/01/20................................... 400 482,912 850 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- MASSACHUSETTS -- (Continued) Town of Medfield (GO) 3.000%, 09/15/19................................... $ 510 $ 556,119 ---------- TOTAL MASSACHUSETTS..................................... 2,444,116 ---------- MICHIGAN -- (1.2%) Michigan State (GO) 5.000%, 11/01/19................................... 700 827,204 ---------- MINNESOTA -- (6.9%) City of Edina (GO) Series B 3.000%, 02/01/19................................... 1,000 1,085,850 City of Rochester (GO) Series A 5.000%, 02/01/18................................... 650 734,052 Minnesota State (GO) Series D 5.000%, 08/01/18................................... 650 746,245 Minnesota State (GO) Series E 2.000%, 08/01/19................................... 1,000 1,048,770 State Paul Public Library Agency (GO) Series C 5.000%, 03/01/20................................... 900 1,077,705 ---------- TOTAL MINNESOTA......................................... 4,692,622 ---------- MISSISSIPPI -- (1.7%) Madison County School District (GO) 3.500%, 12/01/19................................... 350 388,840 Mississippi State (GO) 5.000%, 11/01/20................................... 600 726,126 ---------- TOTAL MISSISSIPPI....................................... 1,114,966 ---------- NEVADA -- (2.7%) City of Henderson NV (GO) 5.000%, 06/01/21................................... 600 731,922 Washoe County School District (GO) Series F 5.000%, 06/01/21................................... 900 1,087,569 ---------- TOTAL NEVADA............................................ 1,819,491 ---------- NEW HAMPSHIRE -- (0.4%) City of Dover (GO) Series C 5.000%, 07/01/20................................... 220 263,903 ---------- NEW YORK -- (1.2%) City of New York (GO) Series J 5.000%, 08/01/22................................... 650 798,746 ---------- NORTH CAROLINA -- (1.1%) North Carolina State (GO) Series A (f) 5.000%, 03/01/17................................... 700 765,856 ---------- FACE AMOUNT (000) VALUE+ ------ ---------- OHIO -- (3.2%) Beavercreek City School District (GO) (AGM) 5.000%, 12/01/18................................... $ 525 $ 603,393 City of Columbus (GO) Series A 5.000%, 02/15/20................................... 650 778,304 Ohio State (GO) Series B 5.000%, 08/01/20................................... 650 783,191 ---------- TOTAL OHIO.............................................. 2,164,888 ---------- OKLAHOMA -- (2.8%) Tulsa County Independent School District No. 1 Tulsa (GO) Series B 2.000%, 01/01/19................................... 1,800 1,875,870 ---------- OREGON -- (1.4%) Oregon State (GO) Series A 5.000%, 05/01/21................................... 800 979,576 ---------- PENNSYLVANIA -- (1.1%) Pennsylvania Economic Dev. Financing Authority (RB) Series A 5.000%, 01/01/18................................... 650 731,926 ---------- RHODE ISLAND -- (1.1%) Rholde Island State (GO) Series D 5.000%, 08/01/22................................... 600 738,252 ---------- SOUTH CAROLINA -- (2.5%) Beaufort County (GO) Series A (ST AID WITHHLDG) 4.000%, 03/01/22................................... 640 747,014 Charleston County School District Dev. Corp. (GO) Series A (SCSDE) 5.000%, 02/01/21................................... 800 973,696 ---------- TOTAL SOUTH CAROLINA.................................... 1,720,710 ---------- TENNESSEE -- (4.8%) City of Kingsport (GO) Series A 5.000%, 09/01/21................................... 510 626,377 Shelby County (GO) Series A 5.000%, 04/01/20................................... 1,500 1,800,060 Sumner County (GO) 5.000%, 06/01/21................................... 650 793,799 ---------- TOTAL TENNESSEE......................................... 3,220,236 ---------- TEXAS -- (7.4%) City of Dallas (GO) 5.000%, 02/15/19................................... 1,600 1,859,088 City of Houston (GO) Series A 5.000%, 03/01/18................................... 300 339,174 851 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ---------- ----------- TEXAS -- (Continued) Humble Independent School District (GO) Series A (PSF-GTD)............................................. 2.000%, 02/15/19................................... $ 660 $ 688,142 Plano Independent School District (GO) (PSF-GTD) 5.000%, 02/15/17................................... 100 109,144 Texas State (GO) 5.000%, 04/01/19................................... 1,150 1,342,521 University of Texas System (The) (RB) Series C 5.000%, 08/15/19................................... 100 117,966 Ysleta Independent School District (GO) Series A (PSF-GTD) 5.000%, 08/15/20................................... 460 555,179 ----------- TOTAL TEXAS............................................. 5,011,214 ----------- UTAH -- (3.9%) Tooele County School District (GO) Series B (SCH BD GTY) 5.000%, 06/01/22................................... 650 805,721 Utah State (GO) Series C (f) 5.000%, 07/01/19................................... 900 1,060,830 Weber School District (GO) (SCH BD GTY) 5.000%, 06/15/21................................... 650 798,655 ----------- TOTAL UTAH.............................................. 2,665,206 ----------- VERMONT -- (2.3%) Vermont State (GO) Series C 4.000%, 08/15/23................................... 1,300 1,549,002 ----------- VIRGINIA -- (6.7%) City of Manassas (GO) Series C (ST AID WITHHLDG) 5.000%, 07/01/21................................... 1,040 1,277,286 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/21................................... 900 1,095,075 City of Virginia Beach (GO) Series A 4.000%, 08/01/17................................... 650 703,729 Fairfax County (GO) Series B (ST AID WITHHLDG) 5.000%, 10/01/18................................... 400 460,916 Virginia Public Building Authority (RB) Series C 5.000%, 08/01/23................................... 600 753,786 Virginia Resources Authority (RB) Series D 5.000%, 11/01/20................................... 200 242,412 ----------- TOTAL VIRGINIA.......................................... 4,533,204 ----------- FACE AMOUNT (000) VALUE+ ---------- ----------- WASHINGTON -- (4.7%) City of Seattle Water System Revenue (RB) 5.000%, 09/01/19................................... $ 190 $ 223,622 Clark County School District No. 119 Battleground (GO) (SCH BD GTY) 4.000%, 12/01/21................................... 510 594,930 King County (GO) Series A 5.000%, 07/01/20................................... 700 840,917 Washington State (GO) Series A 5.000%, 08/01/21................................... 500 611,325 Washington State (GO) Series R-2012C 4.000%, 07/01/21................................... 150 173,724 Washington State (GO) Series R-2015 5.000%, 07/01/18................................... 650 742,079 ----------- TOTAL WASHINGTON........................................ 3,186,597 ----------- WISCONSIN -- (2.7%) City of Milwaukee (GO) Series N1 5.000%, 02/01/19................................... 100 115,741 City of Oshkosh (GO) Series B 3.000%, 12/01/23................................... 650 707,831 Wisconsin State (GO) Series 2 5.000%, 11/01/20................................... 800 968,168 ----------- TOTAL WISCONSIN......................................... 1,791,740 ----------- TOTAL MUNICIPAL BONDS................................... 64,295,729 ----------- SHARES ---------- TEMPORARY CASH INVESTMENTS -- (4.9%) JPMorgan Tax Free Money Market Fund................ 3,338,755 3,338,755 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $66,744,815)^^.................................. $67,634,484 =========== 852 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ----------- ------- ----------- Municipal Bonds................... -- $64,295,729 -- $64,295,729 Temporary Cash Investments........ $3,338,755 -- -- 3,338,755 Swap Agreements**................. -- (691,641) -- (691,641) ---------- ----------- -- ----------- TOTAL............................. $3,338,755 $63,604,088 -- $66,942,843 ========== =========== == =========== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 853 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------ -------- COMMON STOCKS -- (88.5%) Consumer Discretionary -- (15.0%) * 1-800-Flowers.com, Inc. Class A.................... 600 $ 4,734 # Aaron's, Inc....................................... 1,900 60,154 # Abercrombie & Fitch Co. Class A.................... 400 10,208 Advance Auto Parts, Inc............................ 200 31,800 #* Aeropostale, Inc................................... 1,830 4,465 AH Belo Corp. Class A.............................. 600 5,412 * Amazon.com, Inc.................................... 700 248,171 * AMC Networks, Inc. Class A......................... 250 16,675 * America's Car-Mart, Inc............................ 400 21,244 * American Axle & Manufacturing Holdings, Inc........ 800 19,480 # American Eagle Outfitters, Inc..................... 2,800 39,312 * American Public Education, Inc..................... 300 10,071 * ANN, Inc........................................... 1,000 33,100 * Apollo Education Group, Inc. Class A............... 1,300 32,838 * Asbury Automotive Group, Inc....................... 900 66,789 * Ascena Retail Group, Inc........................... 1,500 17,340 * Ascent Capital Group, Inc. Class A................. 200 8,462 # Autoliv, Inc....................................... 600 63,636 #* AutoNation, Inc.................................... 1,520 90,622 * AutoZone, Inc...................................... 200 119,392 * Ballantyne Strong, Inc............................. 500 2,045 #* Barnes & Noble, Inc................................ 1,693 39,769 Beasley Broadcast Group, Inc. Class A.............. 300 1,566 #* Bed Bath & Beyond, Inc............................. 1,568 117,239 * Belmond, Ltd. Class A.............................. 1,713 18,826 Best Buy Co., Inc.................................. 2,340 82,368 Big 5 Sporting Goods Corp.......................... 600 7,146 Big Lots, Inc...................................... 1,158 53,164 * Biglari Holdings, Inc.............................. 60 24,838 * Bloomin' Brands, Inc............................... 586 14,483 * Blue Nile, Inc..................................... 47 1,461 Bob Evans Farms, Inc............................... 700 39,459 * Books-A-Million, Inc............................... 600 1,512 BorgWarner, Inc.................................... 1,435 77,504 * Bravo Brio Restaurant Group, Inc................... 181 2,380 #* Bridgepoint Education, Inc......................... 721 7,116 * Bright Horizons Family Solutions, Inc.............. 272 13,206 Brinker International, Inc......................... 525 30,676 Brown Shoe Co., Inc................................ 1,300 36,907 # Brunswick Corp..................................... 1,022 55,474 # Buckle, Inc. (The)................................. 400 20,316 #* Buffalo Wild Wings, Inc............................ 200 35,664 * Build-A-Bear Workshop, Inc......................... 500 10,310 #* Cabela's, Inc...................................... 700 38,465 # Cablevision Systems Corp. Class A.................. 1,005 19,015 Callaway Golf Co................................... 980 7,997 * Cambium Learning Group, Inc........................ 1,078 2,706 Capella Education Co............................... 231 15,706 #* CarMax, Inc........................................ 1,641 101,906 * Carmike Cinemas, Inc............................... 300 8,301 Carnival Corp...................................... 982 43,169 854 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) * Carrols Restaurant Group, Inc...................... 433 $ 3,447 Carter's, Inc...................................... 1,000 81,490 Cato Corp. (The) Class A........................... 700 29,680 * Cavco Industries, Inc.............................. 200 14,702 CBS Corp. Class B.................................. 2,800 153,468 * Charter Communications, Inc. Class A............... 336 50,775 # Cheesecake Factory, Inc. (The)..................... 1,265 66,425 Chico's FAS, Inc................................... 2,100 35,028 # Children's Place, Inc. (The)....................... 500 29,975 Choice Hotels International, Inc................... 490 28,150 * Christopher & Banks Corp........................... 700 3,647 Cinemark Holdings, Inc............................. 1,436 53,376 Coach, Inc......................................... 500 18,595 Columbia Sportswear Co............................. 800 34,000 Comcast Corp. Class A.............................. 12,595 669,361 # Comcast Corp. Special Class A...................... 2,900 153,410 #* Conn's, Inc........................................ 989 15,567 Cooper Tire & Rubber Co............................ 1,440 50,098 Core-Mark Holding Co., Inc......................... 400 26,672 # Cracker Barrel Old Country Store, Inc.............. 400 53,804 * Crocs, Inc......................................... 1,302 13,801 CST Brands, Inc.................................... 1,621 69,865 Culp, Inc.......................................... 500 10,045 #* Cumulus Media, Inc. Class A........................ 400 1,392 # Dana Holding Corp.................................. 4,036 84,231 Darden Restaurants, Inc............................ 500 30,690 #* Deckers Outdoor Corp............................... 400 26,420 Delphi Automotive P.L.C............................ 500 34,365 Destination Maternity Corp......................... 400 6,124 DeVry Education Group, Inc......................... 1,197 50,765 * Diamond Resorts International, Inc................. 2 57 Dick's Sporting Goods, Inc......................... 841 43,438 Dillard's, Inc. Class A............................ 1,200 136,320 DineEquity, Inc.................................... 566 60,420 * DIRECTV............................................ 802 68,395 * Discovery Communications, Inc...................... 900 25,092 #* Discovery Communications, Inc. Class A............. 300 8,696 * DISH Network Corp. Class A......................... 200 14,070 #* Dixie Group, Inc. (The)............................ 400 3,232 * Dollar General Corp................................ 1,776 119,099 * Dollar Tree, Inc................................... 986 70,105 # Domino's Pizza, Inc................................ 600 59,430 #* Dorman Products, Inc............................... 800 36,584 DR Horton, Inc..................................... 2,100 51,492 #* DreamWorks Animation SKG, Inc. Class A............. 700 13,069 * Drew Industries, Inc............................... 407 20,464 DSW, Inc. Class A.................................. 600 21,336 # Dunkin' Brands Group, Inc.......................... 926 43,809 # Ethan Allen Interiors, Inc......................... 800 21,776 #* EW Scripps Co. (The) Class A....................... 1,151 22,709 Expedia, Inc....................................... 571 49,066 * Express, Inc....................................... 1,624 21,242 Family Dollar Stores, Inc.......................... 500 38,050 855 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) * Federal-Mogul Holdings Corp........................ 1,897 $ 25,666 #* Fiesta Restaurant Group, Inc....................... 433 25,577 Finish Line, Inc. (The) Class A.................... 700 16,520 #* Five Below, Inc.................................... 172 5,731 # Foot Locker, Inc................................... 2,500 133,050 Ford Motor Co...................................... 16,225 238,670 * Fossil Group, Inc.................................. 600 58,680 Frisch's Restaurants, Inc.......................... 100 2,770 #* FTD Cos., Inc...................................... 440 15,070 #* G-III Apparel Group, Ltd........................... 600 58,320 # GameStop Corp. Class A............................. 3,194 112,588 Gannett Co., Inc................................... 2,062 63,943 # Gap, Inc. (The).................................... 893 36,783 # Garmin, Ltd........................................ 1,300 68,068 General Motors Co.................................. 5,930 193,437 * Genesco, Inc....................................... 400 28,580 Gentex Corp........................................ 3,360 56,078 * Gentherm, Inc...................................... 750 27,585 # Genuine Parts Co................................... 500 46,470 GNC Holdings, Inc. Class A......................... 1,404 62,253 Goodyear Tire & Rubber Co. (The)................... 700 16,968 * Grand Canyon Education, Inc........................ 866 37,948 * Gray Television, Inc............................... 1,180 11,163 Group 1 Automotive, Inc............................ 500 40,195 #* Groupon, Inc....................................... 1,700 12,172 Guess?, Inc........................................ 1,374 25,804 H&R Block, Inc..................................... 800 27,424 Hanesbrands, Inc................................... 700 77,966 Harley-Davidson, Inc............................... 2,100 129,570 Harman International Industries, Inc............... 171 22,167 Harte-Hanks, Inc................................... 1,200 8,724 # Hasbro, Inc........................................ 400 21,968 Haverty Furniture Cos., Inc........................ 600 14,658 * Helen of Troy, Ltd................................. 522 39,265 * hhgregg, Inc....................................... 800 4,392 #* Hibbett Sports, Inc................................ 267 12,560 Home Depot, Inc. (The)............................. 2,736 285,693 Hooker Furniture Corp.............................. 200 3,608 HSN, Inc........................................... 596 46,154 #* Hyatt Hotels Corp. Class A......................... 242 13,615 #* Iconix Brand Group, Inc............................ 900 29,916 International Speedway Corp. Class A............... 600 17,454 Interpublic Group of Cos., Inc. (The).............. 2,346 46,779 Interval Leisure Group, Inc........................ 900 20,772 #* ITT Educational Services, Inc...................... 200 1,454 Jack in the Box, Inc............................... 700 59,353 * JAKKS Pacific, Inc................................. 662 3,985 #* JC Penney Co., Inc................................. 1,671 12,148 John Wiley & Sons, Inc. Class A.................... 940 58,242 John Wiley & Sons, Inc. Class B.................... 70 4,324 Johnson Controls, Inc.............................. 2,000 92,940 * Journal Communications, Inc. Class A............... 1,600 16,080 * K12, Inc........................................... 700 9,954 856 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) # KB Home............................................ 1,375 $ 17,133 * Kirkland's, Inc.................................... 474 11,030 # Kohl's Corp........................................ 1,498 89,461 #* Krispy Kreme Doughnuts, Inc........................ 900 17,523 L Brands, Inc...................................... 400 33,852 La-Z-Boy, Inc...................................... 800 21,352 * Lakeland Industries, Inc........................... 200 1,700 #* Lands' End, Inc.................................... 270 9,366 #* LeapFrog Enterprises, Inc.......................... 1,200 2,856 Lear Corp.......................................... 1,021 102,457 * Learning Tree International, Inc................... 500 995 # Leggett & Platt, Inc............................... 460 19,610 # Lennar Corp. Class A............................... 917 41,182 Libbey, Inc........................................ 853 27,902 * Liberty Broadband Corp............................. 481 21,356 * Liberty Broadband Corp. Class A.................... 185 8,227 * Liberty Global P.L.C. Class A...................... 1,460 68,211 * Liberty Global P.L.C. Series C..................... 3,880 176,889 * Liberty Interactive Corp. Class A.................. 2,169 59,344 * Liberty Media Corp................................. 1,480 50,498 * Liberty Media Corp. Class A........................ 740 25,197 * Liberty TripAdvisor Holdings, Inc. Class A......... 620 14,843 * Liberty Ventures Series A.......................... 928 34,661 #* Life Time Fitness, Inc............................. 1,034 56,529 Lifetime Brands, Inc............................... 500 7,890 # Lincoln Educational Services Corp.................. 300 780 # Lions Gate Entertainment Corp...................... 905 26,001 Lithia Motors, Inc. Class A........................ 600 50,820 * Live Nation Entertainment, Inc..................... 3,300 78,441 * LKQ Corp........................................... 3,200 82,592 * Loral Space & Communications, Inc.................. 200 14,382 Lowe's Cos., Inc................................... 1,781 120,681 * Luby's, Inc........................................ 1,000 4,880 #* Lululemon Athletica, Inc........................... 200 13,248 #* Lumber Liquidators Holdings, Inc................... 171 10,799 * M/I Homes, Inc..................................... 500 10,320 # Macy's, Inc........................................ 1,400 89,432 * Madison Square Garden Co. (The) Class A............ 1,250 94,687 Marcus Corp. (The)................................. 500 9,430 * MarineMax, Inc..................................... 15 383 # Marriott International, Inc. Class A............... 600 44,700 Marriott Vacations Worldwide Corp.................. 70 5,355 # Mattel, Inc........................................ 1,202 32,334 * McClatchy Co. (The) Class A........................ 127 319 McDonald's Corp.................................... 1,800 166,392 # MDC Holdings, Inc.................................. 918 22,950 Men's Wearhouse, Inc. (The)........................ 922 42,845 Meredith Corp...................................... 800 41,648 #* Meritage Homes Corp................................ 1,000 36,410 * Michael Kors Holdings, Ltd......................... 126 8,920 * Modine Manufacturing Co............................ 1,100 13,409 * Mohawk Industries, Inc............................. 352 58,094 # Monro Muffler Brake, Inc........................... 575 32,855 857 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) Morningstar, Inc................................... 400 $ 26,636 Movado Group, Inc.................................. 600 14,418 * Murphy USA, Inc.................................... 566 39,512 NACCO Industries, Inc. Class A..................... 200 11,010 * Nautilus, Inc...................................... 477 6,792 * Netflix, Inc....................................... 100 44,180 # New York Times Co. (The) Class A................... 2,379 29,952 Newell Rubbermaid, Inc............................. 800 29,496 * News Corp. Class A................................. 1,700 25,313 * News Corp. Class B................................. 737 10,642 NIKE, Inc. Class B................................. 1,400 129,150 Nordstrom, Inc..................................... 500 38,100 * NVR, Inc........................................... 13 16,305 * O'Reilly Automotive, Inc........................... 500 93,680 #* Office Depot, Inc.................................. 10,039 76,296 # Omnicom Group, Inc................................. 900 65,520 * Orbitz Worldwide, Inc.............................. 1,300 11,999 #* Outerwall, Inc..................................... 358 22,225 * Overstock.com, Inc................................. 300 6,714 Oxford Industries, Inc............................. 400 22,376 #* Panera Bread Co. Class A........................... 100 17,186 Papa John's International, Inc..................... 700 44,422 Penske Automotive Group, Inc....................... 2,200 106,370 #* Pep Boys-Manny, Moe & Jack (The)................... 1,200 10,116 PetSmart, Inc...................................... 500 40,852 # Pier 1 Imports, Inc................................ 1,294 21,752 # Polaris Industries, Inc............................ 402 58,125 Pool Corp.......................................... 553 34,402 * Popeyes Louisiana Kitchen, Inc..................... 300 17,226 * Priceline Group, Inc. (The)........................ 100 100,948 PulteGroup, Inc.................................... 1,500 30,885 PVH Corp........................................... 416 45,868 #* Quiksilver, Inc.................................... 4,300 8,041 Ralph Lauren Corp.................................. 500 83,445 * Red Lion Hotels Corp............................... 600 3,852 * Red Robin Gourmet Burgers, Inc..................... 400 31,000 # Regal Entertainment Group Class A.................. 600 12,696 Remy International, Inc............................ 289 6,147 Rent-A-Center, Inc................................. 1,200 41,136 * Restoration Hardware Holdings, Inc................. 300 26,259 Rocky Brands, Inc.................................. 200 2,742 Ross Stores, Inc................................... 600 55,026 Royal Caribbean Cruises, Ltd....................... 1,917 144,829 * Ruby Tuesday, Inc.................................. 1,500 9,030 Ruth's Hospitality Group, Inc...................... 695 10,091 # Ryland Group, Inc. (The)........................... 1,048 42,077 # Saga Communications, Inc. Class A.................. 133 5,409 # Salem Communications Corp. Class A................. 400 2,788 * Sally Beauty Holdings, Inc......................... 900 27,972 # Scripps Networks Interactive, Inc. Class A......... 400 28,436 * Select Comfort Corp................................ 580 17,307 Service Corp. International........................ 6,100 138,043 #* Shiloh Industries, Inc............................. 600 7,338 858 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) #* Shutterfly, Inc.................................... 873 $ 38,299 Signet Jewelers, Ltd............................... 333 40,330 # Sinclair Broadcast Group, Inc. Class A............. 600 14,844 #* Sirius XM Holdings, Inc............................ 3,200 11,360 Six Flags Entertainment Corp....................... 1,000 42,960 #* Skechers U.S.A., Inc. Class A...................... 709 42,788 # Sonic Automotive, Inc. Class A..................... 900 22,167 Sonic Corp......................................... 1,000 30,270 # Sotheby's.......................................... 932 39,657 Spartan Motors, Inc................................ 1,100 5,731 Speedway Motorsports, Inc.......................... 1,314 29,289 Stage Stores, Inc.................................. 900 18,000 Standard Motor Products, Inc....................... 448 16,334 #* Standard Pacific Corp.............................. 3,900 27,378 # Staples, Inc....................................... 4,555 77,663 Starbucks Corp..................................... 500 43,765 Starwood Hotels & Resorts Worldwide, Inc........... 500 35,985 #* Starz.............................................. 1,190 35,129 Stein Mart, Inc.................................... 1,300 17,888 * Steven Madden, Ltd................................. 1,023 35,130 Strattec Security Corp............................. 40 2,520 # Sturm Ruger & Co., Inc............................. 300 12,120 # Superior Industries International, Inc............. 800 14,600 Superior Uniform Group, Inc........................ 200 7,590 Sypris Solutions, Inc.............................. 700 1,677 * Systemax, Inc...................................... 988 12,913 Tandy Leather Factory, Inc......................... 300 2,562 Target Corp........................................ 3,100 228,191 * Tempur Sealy International, Inc.................... 600 33,018 * Tenneco, Inc....................................... 800 41,136 # Texas Roadhouse, Inc............................... 1,500 50,385 Thor Industries, Inc............................... 1,040 58,604 Tiffany & Co....................................... 400 34,656 Time Warner Cable, Inc............................. 2,380 323,989 Time Warner, Inc................................... 5,166 402,586 Time, Inc.......................................... 645 16,151 TJX Cos., Inc. (The)............................... 885 58,357 #* Toll Brothers, Inc................................. 1,000 34,620 * Tower International, Inc........................... 500 11,835 # Town Sports International Holdings, Inc............ 288 1,895 # Tractor Supply Co.................................. 800 64,936 * TripAdvisor, Inc................................... 300 20,103 * TRW Automotive Holdings Corp....................... 770 79,441 #* Tuesday Morning Corp............................... 600 10,620 Tupperware Brands Corp............................. 400 27,044 Twenty-First Century Fox, Inc. Class A............. 3,307 109,660 Twenty-First Century Fox, Inc. Class B............. 895 28,506 * Ulta Salon Cosmetics & Fragrance, Inc.............. 200 26,388 #* Under Armour, Inc. Class A......................... 400 28,832 #* Unifi, Inc......................................... 666 21,465 * Universal Electronics, Inc......................... 300 19,122 #* Urban Outfitters, Inc.............................. 1,900 66,234 Vail Resorts, Inc.................................. 702 61,608 859 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) VF Corp............................................ 800 $ 55,496 Viacom, Inc. Class B............................... 1,000 64,420 * Visteon Corp....................................... 910 88,224 #* VOXX International Corp............................ 850 6,800 Walt Disney Co. (The).............................. 7,200 654,912 # Wendy's Co. (The).................................. 6,286 66,254 * West Marine, Inc................................... 500 6,000 Whirlpool Corp..................................... 900 179,172 Williams-Sonoma, Inc............................... 500 39,125 # Winmark Corp....................................... 30 2,445 # Winnebago Industries, Inc.......................... 478 9,507 # Wolverine World Wide, Inc.......................... 1,128 31,753 Wyndham Worldwide Corp............................. 800 67,032 Yum! Brands, Inc................................... 600 43,368 #* Zumiez, Inc........................................ 696 25,954 ----------- Total Consumer Discretionary........................... 15,047,268 ----------- Consumer Staples -- (5.0%) # Alico, Inc......................................... 200 9,508 Andersons, Inc. (The).............................. 550 24,739 Archer-Daniels-Midland Co.......................... 2,600 121,238 # Avon Products, Inc................................. 1,700 13,158 # B&G Foods, Inc..................................... 1,000 29,840 #* Boulder Brands, Inc................................ 1,229 12,327 Bunge, Ltd......................................... 933 83,532 # Cal-Maine Foods, Inc............................... 1,200 42,060 Calavo Growers, Inc................................ 300 12,033 # Campbell Soup Co................................... 1,050 48,027 Casey's General Stores, Inc........................ 807 73,679 #* Chefs' Warehouse, Inc. (The)....................... 700 14,973 Church & Dwight Co., Inc........................... 600 48,552 Clorox Co. (The)................................... 500 53,355 # Coca-Cola Bottling Co. Consolidated................ 200 19,508 Coca-Cola Co. (The)................................ 7,357 302,888 Coca-Cola Enterprises, Inc......................... 1,822 76,706 Colgate-Palmolive Co............................... 1,400 94,528 ConAgra Foods, Inc................................. 3,157 111,853 Costco Wholesale Corp.............................. 800 114,392 * Darling Ingredients, Inc........................... 2,800 47,544 # Dean Foods Co...................................... 1,775 32,163 Dr Pepper Snapple Group, Inc....................... 884 68,307 Energizer Holdings, Inc............................ 633 81,030 Estee Lauder Cos., Inc. (The) Class A.............. 400 28,236 * Farmer Bros. Co.................................... 500 14,955 # Flowers Foods, Inc................................. 3,300 64,548 Fresh Del Monte Produce, Inc....................... 837 28,148 #* Fresh Market, Inc. (The)........................... 218 8,308 General Mills, Inc................................. 1,144 60,037 * Hain Celestial Group, Inc. (The)................... 800 42,216 # Hershey Co. (The).................................. 183 18,704 Hormel Foods Corp.................................. 900 46,098 Ingles Markets, Inc. Class A....................... 300 12,795 Ingredion, Inc..................................... 1,024 82,575 860 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) Inter Parfums, Inc................................. 350 $ 8,803 J&J Snack Foods Corp............................... 400 39,248 JM Smucker Co. (The)............................... 903 93,144 John B. Sanfilippo & Son, Inc...................... 200 7,294 Kellogg Co......................................... 544 35,676 Keurig Green Mountain, Inc......................... 314 38,484 Kimberly-Clark Corp................................ 700 75,572 Kraft Foods Group, Inc............................. 1,134 74,096 Kroger Co. (The)................................... 904 62,421 Lancaster Colony Corp.............................. 500 44,965 * Landec Corp........................................ 800 10,216 # McCormick & Co., Inc............................... 500 35,695 * Medifast, Inc...................................... 300 9,507 Mondelez International, Inc. Class A............... 5,785 203,863 * Monster Beverage Corp.............................. 700 81,865 * National Beverage Corp............................. 400 8,696 * Omega Protein Corp................................. 700 7,378 # Orchids Paper Products Co.......................... 98 2,672 PepsiCo, Inc....................................... 3,495 327,761 # Pilgrim's Pride Corp............................... 493 13,385 Pinnacle Foods, Inc................................ 768 27,625 #* Post Holdings, Inc................................. 760 35,910 # Pricesmart, Inc.................................... 300 24,534 Procter & Gamble Co. (The)......................... 6,900 581,601 * Revlon, Inc. Class A............................... 505 16,534 Rocky Mountain Chocolate Factory, Inc.............. 200 2,710 # Sanderson Farms, Inc............................... 600 47,976 Snyder's-Lance, Inc................................ 800 23,272 SpartanNash Co..................................... 700 18,032 Spectrum Brands Holdings, Inc...................... 1,215 108,961 #* Sprouts Farmers Market, Inc........................ 320 11,651 * SUPERVALU, Inc..................................... 1,386 13,500 # Sysco Corp......................................... 1,100 43,087 # Tootsie Roll Industries, Inc....................... 631 19,681 #* TreeHouse Foods, Inc............................... 642 58,229 Tyson Foods, Inc. Class A.......................... 2,989 116,691 * United Natural Foods, Inc.......................... 900 69,552 Wal-Mart Stores, Inc............................... 5,991 509,115 # WD-40 Co........................................... 200 16,412 Weis Markets, Inc.................................. 488 22,365 * WhiteWave Foods Co. (The) Class A.................. 1,100 36,267 Whole Foods Market, Inc............................ 1,847 96,219 ---------- Total Consumer Staples................................. 5,023,225 ---------- Energy -- (10.0%) Adams Resources & Energy, Inc...................... 49 2,844 # Alon USA Energy, Inc............................... 1,630 19,690 #* Alpha Natural Resources, Inc....................... 4,329 4,502 Anadarko Petroleum Corp............................ 3,500 286,125 Apache Corp........................................ 2,351 147,102 #* Approach Resources, Inc............................ 597 3,743 # Arch Coal, Inc..................................... 3,052 2,830 # Atwood Oceanics, Inc............................... 1,150 32,867 861 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Energy -- (Continued) Baker Hughes, Inc.................................. 2,161 $ 125,316 #* Basic Energy Services, Inc......................... 800 4,704 #* Bill Barrett Corp.................................. 1,012 10,322 #* Bonanza Creek Energy, Inc.......................... 598 15,596 # Bristow Group, Inc................................. 560 31,198 #* C&J Energy Services, Inc........................... 1,202 12,381 Cabot Oil & Gas Corp............................... 2,671 70,781 #* California Resources Corp.......................... 1,120 5,734 * Cameron International Corp......................... 1,401 62,737 # CARBO Ceramics, Inc................................ 428 14,030 * Carrizo Oil & Gas, Inc............................. 1,204 54,300 * Cheniere Energy, Inc............................... 600 42,828 # Chesapeake Energy Corp............................. 7,311 140,225 Chevron Corp....................................... 9,301 953,632 Cimarex Energy Co.................................. 1,000 103,200 * Clayton Williams Energy, Inc....................... 400 22,360 #* Clean Energy Fuels Corp............................ 1,421 5,926 #* Cloud Peak Energy, Inc............................. 906 6,152 #* Cobalt International Energy, Inc................... 1,502 13,698 # Comstock Resources, Inc............................ 900 3,636 * Concho Resources, Inc.............................. 828 91,784 ConocoPhillips..................................... 8,900 560,522 # CONSOL Energy, Inc................................. 1,392 40,298 #* Contango Oil & Gas Co.............................. 400 12,028 # Core Laboratories NV............................... 200 18,550 Dawson Geophysical Co.............................. 200 2,158 Delek US Holdings, Inc............................. 900 27,765 # Denbury Resources, Inc............................. 2,062 14,228 Devon Energy Corp.................................. 2,409 145,190 # Diamond Offshore Drilling, Inc..................... 1,200 37,836 * Diamondback Energy, Inc............................ 524 36,151 * Dresser-Rand Group, Inc............................ 400 32,032 * Dril-Quip, Inc..................................... 500 37,115 Energen Corp....................................... 300 19,026 # Energy XXI, Ltd.................................... 1,157 3,402 EnLink Midstream LLC............................... 1,100 34,804 EOG Resources, Inc................................. 3,542 315,344 EQT Corp........................................... 400 29,776 #* Era Group, Inc..................................... 500 11,260 Exterran Holdings, Inc............................. 1,611 43,674 Exxon Mobil Corp................................... 23,574 2,060,839 * FMC Technologies, Inc.............................. 1,432 53,671 * Forum Energy Technologies, Inc..................... 495 7,648 #* Geospace Technologies Corp......................... 222 5,324 # Green Plains, Inc.................................. 700 16,387 # Gulfmark Offshore, Inc. Class A.................... 646 12,746 * Gulfport Energy Corp............................... 1,061 40,838 Halliburton Co..................................... 2,600 103,974 * Helix Energy Solutions Group, Inc.................. 2,011 37,746 # Helmerich & Payne, Inc............................. 1,200 71,472 #* Hercules Offshore, Inc............................. 3,605 2,596 Hess Corp.......................................... 1,780 120,132 HollyFrontier Corp................................. 1,937 69,577 862 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Energy -- (Continued) * Hornbeck Offshore Services, Inc.................... 922 $ 20,468 #* ION Geophysical Corp............................... 2,100 4,725 * Key Energy Services, Inc........................... 2,845 4,780 # Kinder Morgan, Inc................................. 5,539 227,376 * Kosmos Energy, Ltd................................. 2,720 23,854 # LinnCo LLC......................................... 1,680 17,354 Marathon Oil Corp.................................. 5,313 141,326 Marathon Petroleum Corp............................ 2,400 222,216 #* Matador Resources Co............................... 1,100 23,716 * Matrix Service Co.................................. 500 9,600 Murphy Oil Corp.................................... 979 43,967 Nabors Industries, Ltd............................. 2,343 26,968 National Oilwell Varco, Inc........................ 1,700 92,531 * Natural Gas Services Group, Inc.................... 200 4,038 * Newfield Exploration Co............................ 1,580 47,052 #* Newpark Resources, Inc............................. 1,700 14,688 # Noble Corp. P.L.C.................................. 1,866 30,267 Noble Energy, Inc.................................. 2,520 120,305 #* Northern Oil and Gas, Inc.......................... 494 3,102 #* Nuverra Environmental Solutions, Inc............... 242 540 #* Oasis Petroleum, Inc............................... 1,017 13,668 Occidental Petroleum Corp.......................... 2,800 224,000 Oceaneering International, Inc..................... 1,000 52,360 * Oil States International, Inc...................... 781 32,076 ONEOK, Inc......................................... 1,284 56,535 * Overseas Shipholding Group, Inc.................... 200 1,020 # Paragon Offshore P.L.C............................. 622 1,300 #* Parker Drilling Co................................. 3,152 8,542 Patterson-UTI Energy, Inc.......................... 2,320 39,811 * PDC Energy, Inc.................................... 600 27,564 #* Penn Virginia Corp................................. 420 2,050 #* PHI, Inc. Non-Voting............................... 400 13,684 Phillips 66........................................ 2,250 158,220 * Pioneer Energy Services Corp....................... 1,900 7,866 Pioneer Natural Resources Co....................... 458 68,943 QEP Resources, Inc................................. 2,300 46,506 # Range Resources Corp............................... 756 34,980 #* Renewable Energy Group, Inc........................ 1,100 9,614 #* Rex Energy Corp.................................... 1,300 4,602 #* Rosetta Resources, Inc............................. 700 11,949 Rowan Cos. P.L.C. Class A.......................... 2,000 42,240 RPC, Inc........................................... 1,200 14,964 #* SandRidge Energy, Inc.............................. 5,159 7,274 Schlumberger, Ltd.................................. 5,211 429,334 # Scorpio Tankers, Inc............................... 1,738 13,678 #* SEACOR Holdings, Inc............................... 500 35,975 SemGroup Corp. Class A............................. 751 50,565 #* Seventy Seven Energy, Inc.......................... 428 1,691 # Ship Finance International, Ltd.................... 1,848 25,669 SM Energy Co....................................... 1,072 40,543 #* Southwestern Energy Co............................. 3,127 77,518 Spectra Energy Corp................................ 945 31,601 #* Stone Energy Corp.................................. 1,000 14,080 863 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Energy -- (Continued) Superior Energy Services, Inc...................... 2,641 $ 52,820 #* Swift Energy Co.................................... 991 2,111 * Synergy Resources Corp............................. 800 9,784 Targa Resources Corp............................... 300 26,049 # Teekay Corp........................................ 1,300 55,029 Tesco Corp......................................... 818 8,376 Tesoro Corp........................................ 2,503 204,570 #* TETRA Technologies, Inc............................ 1,700 8,398 * TGC Industries, Inc................................ 636 1,272 # Tidewater, Inc..................................... 1,100 32,186 # Transocean, Ltd.................................... 1,753 28,574 #* Triangle Petroleum Corp............................ 854 4,483 #* Ultra Petroleum Corp............................... 500 6,375 * Unit Corp.......................................... 1,100 32,758 # US Silica Holdings, Inc............................ 438 11,038 * Vaalco Energy, Inc................................. 1,200 6,648 Valero Energy Corp................................. 3,800 200,944 # W&T Offshore, Inc.................................. 1,613 8,162 * Weatherford International P.L.C.................... 5,083 52,507 Western Refining, Inc.............................. 1,947 72,292 * Westmoreland Coal Co............................... 200 5,216 * Whiting Petroleum Corp............................. 1,400 42,028 * Willbros Group, Inc................................ 427 2,383 Williams Cos., Inc. (The).......................... 1,674 73,422 World Fuel Services Corp........................... 1,300 63,661 * WPX Energy, Inc.................................... 2,000 21,320 ----------- Total Energy........................................... 10,026,053 ----------- Financials -- (16.3%) 1st Source Corp.................................... 700 20,811 ACE, Ltd........................................... 1,137 122,751 * Affiliated Managers Group, Inc..................... 100 20,552 Alexander & Baldwin, Inc........................... 1,017 38,910 * Alleghany Corp..................................... 116 51,282 Allied World Assurance Co. Holdings AG............. 1,842 71,230 Allstate Corp. (The)............................... 2,800 195,412 #* Altisource Asset Management Corp................... 21 3,360 #* Altisource Portfolio Solutions SA.................. 218 4,421 American Equity Investment Life Holding Co......... 1,496 38,163 American Express Co................................ 2,100 169,449 American Financial Group, Inc...................... 1,300 75,452 American International Group, Inc.................. 4,541 221,919 American National Insurance Co..................... 200 20,808 Ameriprise Financial, Inc.......................... 901 112,571 Ameris Bancorp..................................... 730 17,615 AMERISAFE, Inc..................................... 200 8,140 AmeriServ Financial, Inc........................... 560 1,674 Amtrust Financial Services, Inc.................... 1,694 85,750 Aon P.L.C.......................................... 900 81,045 * Arch Capital Group, Ltd............................ 832 48,231 Argo Group International Holdings, Ltd............. 679 36,320 Arthur J Gallagher & Co............................ 500 22,215 # Artisan Partners Asset Management, Inc. Class A.... 201 9,702 864 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Aspen Insurance Holdings, Ltd...................... 700 $ 30,324 # Associated Banc-Corp............................... 2,179 36,629 Assured Guaranty, Ltd.............................. 2,829 69,084 * Asta Funding, Inc.................................. 300 2,547 Astoria Financial Corp............................. 2,600 31,798 Axis Capital Holdings, Ltd......................... 1,300 66,170 Bancfirst Corp..................................... 325 18,740 #* Bancorp, Inc. (The)................................ 400 3,408 # BancorpSouth, Inc.................................. 1,886 37,437 Bank Mutual Corp................................... 1,000 6,370 Bank of America Corp............................... 32,676 495,041 # Bank of Hawaii Corp................................ 900 50,814 Bank of Kentucky Financial Corp (The).............. 108 4,800 Bank of New York Mellon Corp. (The)................ 4,100 147,600 # Bank of the Ozarks, Inc............................ 1,200 38,916 BankUnited, Inc.................................... 1,201 33,220 Banner Corp........................................ 471 19,019 BB&T Corp.......................................... 2,100 74,109 BBCN Bancorp, Inc.................................. 1,500 19,425 #* Beneficial Bancorp, Inc............................ 1,319 14,232 * Berkshire Hathaway, Inc. Class B................... 2,400 345,384 Berkshire Hills Bancorp, Inc....................... 252 6,275 BGC Partners, Inc. Class A......................... 5,225 40,912 BlackRock, Inc..................................... 429 146,079 #* BofI Holding, Inc.................................. 218 18,390 # BOK Financial Corp................................. 631 34,143 # Boston Private Financial Holdings, Inc............. 1,500 16,500 * Bridge Capital Holdings............................ 114 2,491 Brookline Bancorp, Inc............................. 1,601 15,370 Brown & Brown, Inc................................. 2,525 77,896 Bryn Mawr Bank Corp................................ 100 2,915 California First National Bancorp.................. 3 41 * Capital Bank Financial Corp. Class A............... 36 879 Capital One Financial Corp......................... 2,200 161,062 # Capitol Federal Financial, Inc..................... 3,561 44,370 Cardinal Financial Corp............................ 700 12,467 # Cash America International, Inc.................... 700 14,560 Cathay General Bancorp............................. 1,647 39,347 CBOE Holdings, Inc................................. 700 45,129 * CBRE Group, Inc. Class A........................... 863 27,909 Centerstate Banks, Inc............................. 371 4,085 # Central Pacific Financial Corp..................... 628 13,175 Charles Schwab Corp. (The)......................... 1,800 46,764 Chemical Financial Corp............................ 800 22,688 # Chicopee Bancorp, Inc.............................. 89 1,465 Chubb Corp. (The).................................. 812 79,495 # Cincinnati Financial Corp.......................... 960 48,490 CIT Group, Inc..................................... 1,352 59,245 Citigroup, Inc..................................... 9,544 448,091 Citizens Community Bancorp, Inc.................... 300 2,735 #* Citizens, Inc...................................... 1,400 10,108 # City Holding Co.................................... 400 16,932 City National Corp................................. 900 78,021 865 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) # Clifton Bancorp, Inc............................... 214 $ 2,838 CME Group, Inc..................................... 1,000 85,300 CNA Financial Corp................................. 421 16,402 CNO Financial Group, Inc........................... 5,921 91,894 Columbia Banking System, Inc....................... 1,146 29,143 Comerica, Inc...................................... 1,107 45,940 # Commerce Bancshares, Inc........................... 1,550 62,000 # Community Bank System, Inc......................... 700 23,541 Community Trust Bancorp, Inc....................... 250 7,895 Crawford & Co. Class A............................. 200 1,550 Crawford & Co. Class B............................. 200 1,870 #* Credit Acceptance Corp............................. 145 22,858 Cullen/Frost Bankers, Inc.......................... 920 57,316 # CVB Financial Corp................................. 2,460 35,941 Dime Community Bancshares, Inc..................... 700 10,332 Discover Financial Services........................ 2,075 112,838 Donegal Group, Inc. Class A........................ 700 11,193 * E*TRADE Financial Corp............................. 1,642 37,848 East West Bancorp, Inc............................. 2,523 91,282 # Eaton Vance Corp................................... 1,072 43,148 EMC Insurance Group, Inc........................... 235 7,581 #* Encore Capital Group, Inc.......................... 608 22,630 Endurance Specialty Holdings, Ltd.................. 915 55,925 * Enova International, Inc........................... 640 12,320 * Enstar Group, Ltd.................................. 200 26,994 Enterprise Bancorp, Inc............................ 41 838 Erie Indemnity Co. Class A......................... 562 48,703 # ESB Financial Corp................................. 685 11,446 Evercore Partners, Inc. Class A.................... 500 23,935 Everest Re Group, Ltd.............................. 500 85,690 #* Ezcorp, Inc. Class A............................... 700 7,217 FBL Financial Group, Inc. Class A.................. 500 26,095 Federal Agricultural Mortgage Corp. Class C........ 200 5,510 # Federated Investors, Inc. Class B.................. 1,400 44,254 Federated National Holding Co...................... 200 5,822 Fifth Third Bancorp................................ 3,300 57,090 * First Acceptance Corp.............................. 1,000 2,330 # First American Financial Corp...................... 1,833 62,359 First Bancorp, Inc................................. 147 2,437 * First BanCorp.(318672706).......................... 200 1,098 # First Bancorp.(318910106).......................... 600 9,960 * First Cash Financial Services, Inc................. 644 32,020 First Commonwealth Financial Corp.................. 2,703 21,327 First Financial Bancorp............................ 1,100 18,172 # First Financial Bankshares, Inc.................... 1,204 29,739 First Financial Corp............................... 300 9,723 First Financial Northwest, Inc..................... 100 1,199 # First Horizon National Corp........................ 3,726 48,401 First Midwest Bancorp, Inc......................... 1,160 17,864 # First Niagara Financial Group, Inc................. 4,158 33,763 First Republic Bank................................ 603 30,705 First South Bancorp, Inc........................... 400 3,180 FirstMerit Corp.................................... 1,386 22,710 866 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Flushing Financial Corp............................ 700 $ 12,670 # FNB Corp........................................... 3,468 41,616 FNF Group.......................................... 1,043 36,609 * FNFV Group......................................... 1,618 20,063 * Forest City Enterprises, Inc. Class A.............. 1,874 45,913 #* Forest City Enterprises, Inc. Class B.............. 409 10,029 #* Forestar Group, Inc................................ 900 11,943 Franklin Resources, Inc............................ 1,200 61,836 Fulton Financial Corp.............................. 4,893 54,557 # FXCM, Inc. Class A................................. 151 332 * Genworth Financial, Inc. Class A................... 978 6,826 # German American Bancorp, Inc....................... 482 13,496 GFI Group, Inc..................................... 3,664 20,555 Glacier Bancorp, Inc............................... 1,400 31,178 * Global Indemnity P.L.C............................. 550 14,432 Goldman Sachs Group, Inc. (The).................... 1,240 213,788 Great Southern Bancorp, Inc........................ 500 18,060 * Green Dot Corp. Class A............................ 141 2,150 # Greenhill & Co., Inc............................... 170 6,270 * Greenlight Capital Re, Ltd. Class A................ 700 21,987 # Griffin Land & Nurseries, Inc...................... 93 2,757 Hancock Holding Co................................. 1,936 50,549 Hanmi Financial Corp............................... 469 9,314 Hanover Insurance Group, Inc. (The)................ 900 62,100 Hartford Financial Services Group, Inc. (The)...... 3,340 129,926 HCC Insurance Holdings, Inc........................ 1,800 96,012 # HCI Group, Inc..................................... 253 11,691 Heartland Financial USA, Inc....................... 493 13,617 Heritage Financial Group, Inc...................... 114 2,733 HF Financial Corp.................................. 99 1,427 HFF, Inc. Class A.................................. 650 22,080 * Hilltop Holdings, Inc.............................. 1,349 24,484 Home Bancorp, Inc.................................. 200 4,376 # Home BancShares, Inc............................... 1,200 35,544 Horace Mann Educators Corp......................... 700 21,329 * Howard Hughes Corp. (The).......................... 389 50,815 Hudson City Bancorp, Inc........................... 7,639 68,522 Hudson Valley Holding Corp......................... 110 2,714 Huntington Bancshares, Inc......................... 1,000 10,020 Iberiabank Corp.................................... 700 38,227 Independent Bank Corp.............................. 618 23,379 Interactive Brokers Group, Inc. Class A............ 1,364 41,779 Intercontinental Exchange, Inc..................... 466 95,870 International Bancshares Corp...................... 1,757 39,550 Intervest Bancshares Corp. Class A................. 200 1,970 Invesco, Ltd....................................... 2,351 86,352 * Investment Technology Group, Inc................... 701 14,546 # Investors Bancorp, Inc............................. 3,305 36,388 # Janus Capital Group, Inc........................... 3,400 59,636 Jones Lang LaSalle, Inc............................ 300 44,124 JPMorgan Chase & Co................................ 15,214 827,337 * KCG Holdings, Inc. Class A......................... 207 2,532 #* Kearny Financial Corp.............................. 606 7,878 867 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Kemper Corp........................................ 1,168 $ 40,775 Kennedy-Wilson Holdings, Inc....................... 930 24,729 KeyCorp............................................ 4,995 64,885 Lakeland Financial Corp............................ 208 7,850 LegacyTexas Financial Group, Inc................... 571 11,317 Legg Mason, Inc.................................... 979 54,276 Leucadia National Corp............................. 2,945 66,763 # Lincoln National Corp.............................. 1,705 85,216 LNB Bancorp, Inc................................... 200 3,480 Loews Corp......................................... 2,000 76,520 # LPL Financial Holdings, Inc........................ 1,054 43,372 # M&T Bank Corp...................................... 888 100,486 # Maiden Holdings, Ltd............................... 1,300 16,250 MainSource Financial Group, Inc.................... 700 13,440 MarketAxess Holdings, Inc.......................... 511 38,821 Marsh & McLennan Cos., Inc......................... 1,000 53,770 #* Maui Land & Pineapple Co., Inc..................... 240 1,514 MB Financial, Inc.................................. 1,304 37,047 * MBIA, Inc.......................................... 3,887 31,174 McGraw Hill Financial, Inc......................... 300 26,832 # Meadowbrook Insurance Group, Inc................... 1,400 11,620 Merchants Bancshares, Inc.......................... 114 3,052 Mercury General Corp............................... 1,400 80,010 MetLife, Inc....................................... 2,927 136,105 * Metro Bancorp, Inc................................. 84 2,139 #* MGIC Investment Corp............................... 3,800 32,376 MidSouth Bancorp, Inc.............................. 72 1,004 # Montpelier Re Holdings, Ltd........................ 729 25,610 Moody's Corp....................................... 600 54,798 Morgan Stanley..................................... 4,000 135,240 MSCI, Inc.......................................... 1,319 70,989 NASDAQ OMX Group, Inc. (The)....................... 1,199 54,674 # National Interstate Corp........................... 500 12,885 National Penn Bancshares, Inc...................... 3,425 33,222 National Western Life Insurance Co. Class A........ 11 2,622 #* Nationstar Mortgage Holdings, Inc.................. 628 16,146 Navient Corp....................................... 1,920 37,901 * Navigators Group, Inc. (The)....................... 400 29,688 NBT Bancorp, Inc................................... 1,078 24,805 Nelnet, Inc. Class A............................... 1,000 43,740 #* NewStar Financial, Inc............................. 868 9,175 Northeast Community Bancorp, Inc................... 500 3,470 Northern Trust Corp................................ 1,480 96,762 Northwest Bancshares, Inc.......................... 2,350 27,730 Ocean Shore Holding Co............................. 183 2,586 OceanFirst Financial Corp.......................... 600 9,720 #* Ocwen Financial Corp............................... 1,500 9,180 OFG Bancorp........................................ 1,300 20,930 Old National Bancorp............................... 2,280 30,575 Old Republic International Corp.................... 3,800 53,352 OneBeacon Insurance Group, Ltd. Class A............ 140 2,213 Oppenheimer Holdings, Inc. Class A................. 400 7,900 Oritani Financial Corp............................. 1,400 19,754 868 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Pacific Continental Corp........................... 357 $ 4,512 * Pacific Mercantile Bancorp......................... 91 623 # PacWest Bancorp.................................... 1,291 55,197 # Park National Corp................................. 340 27,339 PartnerRe, Ltd..................................... 770 88,088 Peapack Gladstone Financial Corp................... 234 4,172 # Penns Woods Bancorp, Inc........................... 71 3,153 # People's United Financial, Inc..................... 3,487 49,062 #* PHH Corp........................................... 1,109 27,658 * PICO Holdings, Inc................................. 700 11,193 Pinnacle Financial Partners, Inc................... 630 22,642 Platinum Underwriters Holdings, Ltd................ 733 54,117 PNC Financial Services Group, Inc. (The)........... 1,700 143,718 * Popular, Inc....................................... 1,838 56,666 #* PRA Group, Inc..................................... 1,000 49,520 Primerica, Inc..................................... 1,219 60,511 Principal Financial Group, Inc..................... 2,598 121,924 PrivateBancorp, Inc................................ 1,429 43,356 ProAssurance Corp.................................. 1,200 53,244 Progressive Corp. (The)............................ 2,651 68,793 Prosperity Bancshares, Inc......................... 1,062 48,629 Protective Life Corp............................... 2,200 153,890 Provident Financial Services, Inc.................. 1,800 31,248 Prudential Financial, Inc.......................... 1,400 106,232 Pulaski Financial Corp............................. 143 1,702 QC Holdings, Inc................................... 500 848 # Radian Group, Inc.................................. 1,100 17,336 Raymond James Financial, Inc....................... 1,229 64,670 * Realogy Holdings Corp.............................. 1,039 48,313 Regions Financial Corp............................. 2,091 18,192 Reinsurance Group of America, Inc.................. 1,071 88,690 # RenaissanceRe Holdings, Ltd........................ 779 74,496 Renasant Corp...................................... 700 18,312 # Resource America, Inc. Class A..................... 500 4,395 * Riverview Bancorp, Inc............................. 500 2,200 # RLI Corp........................................... 620 29,084 # S&T Bancorp, Inc................................... 700 19,243 Safety Insurance Group, Inc........................ 300 18,585 # Sandy Spring Bancorp, Inc.......................... 600 14,838 SEI Investments Co................................. 664 26,673 Selective Insurance Group, Inc..................... 1,010 26,078 * Signature Bank..................................... 442 51,771 Simmons First National Corp. Class A............... 600 22,452 SLM Corp........................................... 6,827 62,194 South State Corp................................... 469 28,004 #* St Joe Co. (The)................................... 800 12,928 StanCorp Financial Group, Inc...................... 900 55,836 State Auto Financial Corp.......................... 700 15,400 State Street Corp.................................. 1,494 106,836 Stewart Information Services Corp.................. 400 14,320 * Stifel Financial Corp.............................. 975 45,971 Suffolk Bancorp.................................... 200 4,600 #* Sun Bancorp, Inc................................... 144 2,635 869 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) SunTrust Banks, Inc................................ 1,680 $ 64,546 Susquehanna Bancshares, Inc........................ 3,894 49,103 * SVB Financial Group................................ 900 101,610 Symetra Financial Corp............................. 1,723 34,994 Synovus Financial Corp............................. 2,213 57,029 T Rowe Price Group, Inc............................ 400 31,488 TCF Financial Corp................................. 2,700 39,690 TD Ameritrade Holding Corp......................... 942 30,511 * Tejon Ranch Co..................................... 451 11,104 * Texas Capital Bancshares, Inc...................... 698 28,513 TFS Financial Corp................................. 2,603 36,494 Tompkins Financial Corp............................ 305 15,637 Torchmark Corp..................................... 654 32,746 Towne Bank......................................... 721 10,462 Travelers Cos., Inc. (The)......................... 3,008 309,283 # TrustCo Bank Corp.................................. 2,597 16,699 # Trustmark Corp..................................... 1,251 26,721 U.S. Bancorp....................................... 8,200 343,662 UMB Financial Corp................................. 800 38,816 # Umpqua Holdings Corp............................... 3,092 47,957 Union Bankshares Corp.............................. 1,129 22,580 # Union Bankshares, Inc.............................. 64 1,587 # United Bankshares, Inc............................. 1,707 57,714 United Community Banks, Inc........................ 223 3,905 United Financial Bancorp, Inc...................... 1,084 13,485 United Fire Group, Inc............................. 700 19,558 # Universal Insurance Holdings, Inc.................. 1,300 30,199 Univest Corp. of Pennsylvania...................... 600 11,112 Unum Group......................................... 1,500 46,590 Validus Holdings, Ltd.............................. 1,519 60,228 # Valley National Bancorp............................ 4,371 39,689 Virtus Investment Partners, Inc.................... 67 9,087 Waddell & Reed Financial, Inc. Class A............. 600 26,826 * Walker & Dunlop, Inc............................... 600 10,650 # Washington Federal, Inc............................ 1,883 37,396 Washington Trust Bancorp, Inc...................... 517 18,933 Waterstone Financial, Inc.......................... 1,097 13,910 Webster Financial Corp............................. 1,903 58,099 Wells Fargo & Co................................... 24,543 1,274,273 # WesBanco, Inc...................................... 680 20,522 # Westamerica Bancorporation......................... 530 21,560 * Western Alliance Bancorp........................... 1,365 35,094 Westwood Holdings Group, Inc....................... 77 4,542 Willis Group Holdings P.L.C........................ 1,454 62,958 Wilshire Bancorp, Inc.............................. 1,608 14,633 Wintrust Financial Corp............................ 1,001 43,513 # WisdomTree Investments, Inc........................ 936 16,305 # WR Berkley Corp.................................... 1,700 83,283 XL Group P.L.C..................................... 1,823 62,875 870 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Financials -- (Continued) Zions Bancorporation............................... 1,400 $ 33,544 ----------- Total Financials....................................... 16,289,227 ----------- Industrials -- (15.4%) 3M Co.............................................. 1,500 243,450 AAON, Inc.......................................... 740 16,139 AAR Corp........................................... 800 22,928 ABM Industries, Inc................................ 800 23,096 * ACCO Brands Corp................................... 759 6,011 Actuant Corp. Class A.............................. 1,500 34,665 Acuity Brands, Inc................................. 145 21,734 # ADT Corp. (The).................................... 1,422 48,917 #* Advisory Board Co. (The)........................... 400 18,752 * AECOM.............................................. 2,099 53,357 * Aegion Corp........................................ 700 10,724 # AGCO Corp.......................................... 1,100 47,674 Alamo Group, Inc................................... 400 18,020 Alaska Air Group, Inc.............................. 2,600 176,462 Albany International Corp. Class A................. 486 16,587 Allegiant Travel Co................................ 400 72,508 Allegion P.L.C..................................... 433 23,386 # Alliant Techsystems, Inc........................... 648 84,441 Allison Transmission Holdings, Inc................. 2,231 69,875 Altra Industrial Motion Corp....................... 800 20,440 * AMERCO............................................. 600 171,666 American Airlines Group, Inc....................... 1,620 79,510 # American Railcar Industries, Inc................... 600 30,120 # American Science & Engineering, Inc................ 200 9,280 * American Woodmark Corp............................. 490 20,154 AMETEK, Inc........................................ 1,331 63,755 AO Smith Corp...................................... 1,100 65,351 Apogee Enterprises, Inc............................ 600 25,956 Applied Industrial Technologies, Inc............... 900 36,387 * ARC Document Solutions, Inc........................ 900 8,253 ArcBest Corp....................................... 600 22,356 * Armstrong World Industries, Inc.................... 549 27,834 Astec Industries, Inc.............................. 500 17,780 #* Astronics Corp. Class B............................ 121 6,776 * Atlas Air Worldwide Holdings, Inc.................. 450 20,340 #* Avis Budget Group, Inc............................. 2,300 131,813 AZZ, Inc........................................... 600 25,314 * B/E Aerospace, Inc................................. 900 52,497 Babcock & Wilcox Co. (The)......................... 1,200 32,676 Barnes Group, Inc.................................. 1,220 41,907 # Barrett Business Services, Inc..................... 300 9,195 * Beacon Roofing Supply, Inc......................... 828 19,615 * Blount International, Inc.......................... 1,600 24,800 #* BlueLinx Holdings, Inc............................. 2,778 2,889 Boeing Co. (The)................................... 1,200 174,444 Brady Corp. Class A................................ 1,100 28,787 # Briggs & Stratton Corp............................. 1,200 22,092 Brink's Co. (The).................................. 997 22,343 #* Builders FirstSource, Inc.......................... 1,800 10,656 871 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) * CAI International, Inc............................. 600 $ 12,582 Carlisle Cos., Inc................................. 1,000 89,680 #* Casella Waste Systems, Inc. Class A................ 700 2,667 # Caterpillar, Inc................................... 1,300 103,961 CDI Corp........................................... 700 11,893 Ceco Environmental Corp............................ 329 4,514 Celadon Group, Inc................................. 500 11,915 CH Robinson Worldwide, Inc......................... 500 35,610 # Chicago Bridge & Iron Co. NV....................... 112 3,865 Cintas Corp........................................ 1,600 125,920 Civeo Corp......................................... 1,562 4,577 CLARCOR, Inc....................................... 900 56,277 #* Clean Harbors, Inc................................. 400 18,928 #* Colfax Corp........................................ 702 31,808 Columbus McKinnon Corp............................. 500 12,525 Comfort Systems USA, Inc........................... 1,200 19,980 * Commercial Vehicle Group, Inc...................... 400 2,212 Con-way, Inc....................................... 1,428 58,505 * Copart, Inc........................................ 969 35,465 Corporate Executive Board Co. (The)................ 400 27,408 Covanta Holding Corp............................... 2,083 42,577 * Covenant Transportation Group, Inc. Class A........ 100 2,830 * CRA International, Inc............................. 300 8,859 Crane Co........................................... 900 54,855 CSX Corp........................................... 6,100 203,130 Cubic Corp......................................... 600 31,374 Cummins, Inc....................................... 300 41,838 Curtiss-Wright Corp................................ 1,000 66,530 Danaher Corp....................................... 2,300 189,474 Deere & Co......................................... 723 61,592 Delta Air Lines, Inc............................... 5,968 282,346 Deluxe Corp........................................ 1,100 71,423 #* DigitalGlobe, Inc.................................. 1,670 44,906 # Donaldson Co., Inc................................. 1,061 38,790 Douglas Dynamics, Inc.............................. 128 2,584 # Dover Corp......................................... 1,131 79,215 Dun & Bradstreet Corp. (The)....................... 224 25,785 * DXP Enterprises, Inc............................... 200 8,204 * Dycom Industries, Inc.............................. 700 21,567 Eastern Co. (The).................................. 142 2,687 Eaton Corp. P.L.C.................................. 1,616 101,953 * Echo Global Logistics, Inc......................... 400 10,560 EMCOR Group, Inc................................... 1,300 52,468 # Emerson Electric Co................................ 2,600 148,044 Encore Wire Corp................................... 400 12,252 #* Energy Recovery, Inc............................... 992 3,274 EnerSys............................................ 1,000 58,380 * Engility Holdings, Inc............................. 266 10,613 * EnPro Industries, Inc.............................. 400 23,732 Equifax, Inc....................................... 500 42,230 ESCO Technologies, Inc............................. 700 25,214 * Esterline Technologies Corp........................ 400 44,836 Exelis, Inc........................................ 4,324 73,984 872 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Expeditors International of Washington, Inc........ 700 $ 30,576 # Fastenal Co........................................ 600 26,640 Federal Signal Corp................................ 800 12,216 FedEx Corp......................................... 1,668 282,076 Flowserve Corp..................................... 600 32,694 Fluor Corp......................................... 926 49,624 # Fortune Brands Home & Security, Inc................ 270 12,093 Forward Air Corp................................... 500 22,450 # Franklin Electric Co., Inc......................... 719 24,597 # FreightCar America, Inc............................ 300 7,002 * FTI Consulting, Inc................................ 920 37,416 #* Fuel Tech, Inc..................................... 600 1,938 G&K Services, Inc. Class A......................... 500 35,050 GATX Corp.......................................... 1,007 57,550 #* GenCorp, Inc....................................... 1,200 20,160 #* Generac Holdings, Inc.............................. 793 34,686 # General Cable Corp................................. 1,052 12,035 General Dynamics Corp.............................. 1,200 159,852 General Electric Co................................ 31,978 763,954 * Genesee & Wyoming, Inc. Class A.................... 800 65,960 * Gibraltar Industries, Inc.......................... 800 12,112 # Gorman-Rupp Co. (The).............................. 625 17,819 * GP Strategies Corp................................. 600 20,028 Graco, Inc......................................... 400 28,496 #* GrafTech International, Ltd........................ 2,352 8,538 Granite Construction, Inc.......................... 700 23,856 * Great Lakes Dredge & Dock Corp..................... 1,000 7,770 # Greenbrier Cos., Inc. (The)........................ 700 36,351 Griffon Corp....................................... 1,100 16,159 H&E Equipment Services, Inc........................ 375 6,578 Hardinge, Inc...................................... 300 3,423 Harsco Corp........................................ 2,094 30,907 #* HC2 Holdings, Inc.................................. 69 515 * HD Supply Holdings, Inc............................ 1,200 34,596 # Heartland Express, Inc............................. 1,500 38,535 # HEICO Corp......................................... 262 15,898 HEICO Corp. Class A................................ 471 22,217 * Heritage-Crystal Clean, Inc........................ 99 1,262 Herman Miller, Inc................................. 900 26,145 * Hertz Global Holdings, Inc......................... 2,888 59,262 Hexcel Corp........................................ 1,152 50,953 * Hill International, Inc............................ 900 3,438 Hillenbrand, Inc................................... 1,103 34,645 HNI Corp........................................... 532 26,201 Honeywell International, Inc....................... 1,737 169,809 Houston Wire & Cable Co............................ 221 2,446 #* Hub Group, Inc. Class A............................ 700 23,380 Hubbell, Inc. Class A.............................. 100 10,855 Hubbell, Inc. Class B.............................. 300 31,812 * Hudson Global, Inc................................. 700 1,715 Huntington Ingalls Industries, Inc................. 999 116,483 Hurco Cos., Inc.................................... 200 7,016 * Huron Consulting Group, Inc........................ 413 31,066 873 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Hyster-Yale Materials Handling, Inc................ 400 $ 25,060 * ICF International, Inc............................. 350 13,076 IDEX Corp.......................................... 920 66,562 * IHS, Inc. Class A.................................. 300 34,539 Illinois Tool Works, Inc........................... 1,200 111,708 Ingersoll-Rand P.L.C............................... 1,300 86,320 #* InnerWorkings, Inc................................. 640 3,283 #* Innovative Solutions & Support, Inc................ 400 1,576 Insperity, Inc..................................... 400 16,776 Insteel Industries, Inc............................ 400 8,168 * Integrated Electrical Services, Inc................ 607 4,437 Interface, Inc..................................... 1,285 20,187 ITT Corp........................................... 1,500 53,715 * Jacobs Engineering Group, Inc...................... 833 31,737 JB Hunt Transport Services, Inc.................... 420 33,436 #* JetBlue Airways Corp............................... 7,800 130,962 # Joy Global, Inc.................................... 300 12,582 # Kaman Corp......................................... 600 22,812 Kansas City Southern............................... 1,200 132,108 KAR Auction Services, Inc.......................... 1,819 62,046 KBR, Inc........................................... 800 13,224 Kelly Services, Inc. Class A....................... 632 10,681 # Kennametal, Inc.................................... 1,500 47,130 * Key Technology, Inc................................ 200 2,560 Kforce, Inc........................................ 856 20,030 * Kirby Corp......................................... 1,000 72,490 * KLX, Inc........................................... 450 17,690 Knight Transportation, Inc......................... 2,000 56,980 Knoll, Inc......................................... 628 12,868 * Korn/Ferry International........................... 806 22,971 L-3 Communications Holdings, Inc................... 1,000 123,120 Landstar System, Inc............................... 400 25,632 * Lawson Products, Inc............................... 185 4,551 #* Layne Christensen Co............................... 500 4,045 LB Foster Co. Class A.............................. 200 9,482 Lennox International, Inc.......................... 560 55,054 Lincoln Electric Holdings, Inc..................... 608 41,289 # Lindsay Corp....................................... 300 25,926 #* LMI Aerospace, Inc................................. 300 4,260 Lockheed Martin Corp............................... 524 98,706 LSI Industries, Inc................................ 700 5,138 # Manitowoc Co., Inc. (The).......................... 2,048 38,298 # Manpowergroup, Inc................................. 888 64,717 Marten Transport, Ltd.............................. 900 18,405 Masco Corp......................................... 985 24,467 #* MasTec, Inc........................................ 1,477 27,354 * Mastech Holdings, Inc.............................. 55 573 Matson, Inc........................................ 1,017 35,341 Matthews International Corp. Class A............... 700 32,431 McGrath RentCorp................................... 700 21,266 * Meritor, Inc....................................... 830 10,624 * Mfri, Inc.......................................... 200 1,116 * Middleby Corp. (The)............................... 445 42,284 874 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Miller Industries, Inc............................. 300 $ 6,060 # Mobile Mini, Inc................................... 1,081 39,240 * Moog, Inc. Class A................................. 700 49,210 MSA Safety, Inc.................................... 740 32,308 # MSC Industrial Direct Co., Inc. Class A............ 489 36,709 Mueller Industries, Inc............................ 1,118 35,094 Mueller Water Products, Inc. Class A............... 3,445 35,242 Multi-Color Corp................................... 432 25,151 * Navigant Consulting, Inc........................... 1,100 15,873 Nielsen NV......................................... 1,100 47,916 NL Industries, Inc................................. 941 6,596 Nordson Corp....................................... 700 51,002 Norfolk Southern Corp.............................. 2,980 303,871 * Nortek, Inc........................................ 300 22,899 Northrop Grumman Corp.............................. 995 156,165 * Northwest Pipe Co.................................. 100 2,393 #* NOW, Inc........................................... 425 10,604 * Old Dominion Freight Line, Inc..................... 600 42,072 Omega Flex, Inc.................................... 169 5,302 * On Assignment, Inc................................. 1,100 38,643 * Orbital Sciences Corp.............................. 1,000 28,090 #* Orion Energy Systems, Inc.......................... 900 4,077 * Orion Marine Group, Inc............................ 1,000 9,130 # Oshkosh Corp....................................... 1,336 57,248 Owens Corning...................................... 2,256 90,353 PACCAR, Inc........................................ 1,530 91,968 * PAM Transportation Services, Inc................... 300 17,370 Park-Ohio Holdings Corp............................ 200 10,686 Parker Hannifin Corp............................... 594 69,177 * Patrick Industries, Inc............................ 117 5,031 Pentair P.L.C...................................... 1,588 98,154 * PGT, Inc........................................... 148 1,271 Pitney Bowes, Inc.................................. 1,237 29,663 * PMFG, Inc.......................................... 256 1,231 # Powell Industries, Inc............................. 300 11,703 #* PowerSecure International, Inc..................... 500 4,700 Precision Castparts Corp........................... 645 129,065 Preformed Line Products Co......................... 191 9,132 # Primoris Services Corp............................. 1,216 22,837 * Proto Labs, Inc.................................... 146 9,401 Quad/Graphics, Inc................................. 200 4,008 Quanex Building Products Corp...................... 1,000 18,830 * Quanta Services, Inc............................... 1,200 31,776 # Raven Industries, Inc.............................. 600 12,864 Raytheon Co........................................ 1,400 140,070 RBC Bearings, Inc.................................. 500 29,020 RCM Technologies, Inc.............................. 400 2,368 Regal-Beloit Corp.................................. 637 43,857 * Republic Airways Holdings, Inc..................... 1,000 13,760 Republic Services, Inc............................. 2,910 115,469 * Rexnord Corp....................................... 521 12,895 * Roadrunner Transportation Systems, Inc............. 799 16,236 Robert Half International, Inc..................... 500 29,030 875 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Rockwell Automation, Inc........................... 500 $ 54,460 Rockwell Collins, Inc.............................. 500 42,810 # Rollins, Inc....................................... 1,060 35,033 Roper Industries, Inc.............................. 900 138,906 # RR Donnelley & Sons Co............................. 3,595 59,210 * Rush Enterprises, Inc. Class A..................... 750 21,000 Ryder System, Inc.................................. 1,300 107,627 * Saia, Inc.......................................... 450 18,950 #* Sensata Technologies Holding NV.................... 389 19,186 Simpson Manufacturing Co., Inc..................... 1,000 32,640 SkyWest, Inc....................................... 900 11,295 * SL Industries, Inc................................. 200 8,550 Snap-on, Inc....................................... 700 92,897 #* SolarCity Corp..................................... 204 9,916 Southwest Airlines Co.............................. 4,013 181,307 * Spirit Aerosystems Holdings, Inc. Class A.......... 1,500 67,560 * Spirit Airlines, Inc............................... 800 59,312 SPX Corp........................................... 746 62,343 Standex International Corp......................... 300 21,027 Stanley Black & Decker, Inc........................ 1,100 103,015 Steelcase, Inc. Class A............................ 2,300 38,824 * Stericycle, Inc.................................... 300 39,387 Sun Hydraulics Corp................................ 462 16,743 #* Swift Transportation Co............................ 1,700 41,786 TAL International Group, Inc....................... 900 36,585 * Team, Inc.......................................... 500 19,070 * Tecumseh Products Co............................... 300 1,062 * Teledyne Technologies, Inc......................... 600 57,024 Tennant Co......................................... 300 19,563 # Terex Corp......................................... 1,939 43,589 Tetra Tech, Inc.................................... 1,600 36,848 # Textainer Group Holdings, Ltd...................... 800 26,248 Textron, Inc....................................... 2,314 98,484 * Thermon Group Holdings, Inc........................ 500 10,225 Timken Co. (The)................................... 1,100 41,811 # Titan International, Inc........................... 755 6,750 #* Titan Machinery, Inc............................... 261 3,688 Toro Co. (The)..................................... 400 25,964 # Towers Watson & Co. Class A........................ 400 47,400 TransDigm Group, Inc............................... 100 20,553 #* Trex Co., Inc...................................... 444 18,883 * Trimas Corp........................................ 456 12,307 # Trinity Industries, Inc............................ 3,800 100,586 # Triumph Group, Inc................................. 920 52,495 * TrueBlue, Inc...................................... 575 12,685 * Tutor Perini Corp.................................. 624 13,547 Tyco International P.L.C........................... 1,105 45,095 * Ultralife Corp..................................... 400 1,340 UniFirst Corp...................................... 240 27,871 Union Pacific Corp................................. 4,900 574,329 * United Continental Holdings, Inc................... 2,900 201,173 United Parcel Service, Inc. Class B................ 1,300 128,492 * United Rentals, Inc................................ 704 58,326 876 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) United Stationers, Inc............................. 900 $ 36,279 United Technologies Corp........................... 1,859 213,376 Universal Forest Products, Inc..................... 600 30,036 Universal Truckload Services, Inc.................. 325 7,657 # US Ecology, Inc.................................... 400 16,584 #* USG Corp........................................... 1,065 32,429 #* UTi Worldwide, Inc................................. 1,678 19,918 Valmont Industries, Inc............................ 500 60,060 * Vectrus, Inc....................................... 240 6,682 * Verisk Analytics, Inc. Class A..................... 650 41,828 #* Veritiv Corp....................................... 47 2,391 * Versar, Inc........................................ 300 915 Viad Corp.......................................... 600 16,188 #* Vicor Corp......................................... 655 7,054 * Virco Manufacturing Corp........................... 285 684 #* Volt Information Sciences, Inc..................... 900 11,286 #* Wabash National Corp............................... 1,350 16,835 * WABCO Holdings, Inc................................ 400 38,068 Wabtec Corp........................................ 400 33,380 Waste Connections, Inc............................. 1,400 60,508 Waste Management, Inc.............................. 1,174 60,379 Watsco, Inc........................................ 400 43,544 Watts Water Technologies, Inc. Class A............. 423 24,801 # Werner Enterprises, Inc............................ 1,700 48,501 #* Wesco Aircraft Holdings, Inc....................... 52 678 #* WESCO International, Inc........................... 649 43,327 Woodward, Inc...................................... 1,000 44,610 # WW Grainger, Inc................................... 120 28,301 Xylem, Inc......................................... 1,471 50,161 ----------- Total Industrials...................................... 15,417,815 ----------- Information Technology -- (16.2%) #* 3D Systems Corp.................................... 300 8,724 Accenture P.L.C. Class A........................... 633 53,191 * ACI Worldwide, Inc................................. 1,683 31,085 Activision Blizzard, Inc........................... 2,000 41,790 * Actua Corp......................................... 900 14,490 * Acxiom Corp........................................ 1,600 29,120 * ADDvantage Technologies Group, Inc................. 400 928 * Adobe Systems, Inc................................. 473 33,171 # ADTRAN, Inc........................................ 600 13,266 * Advanced Energy Industries, Inc.................... 1,100 26,400 #* Advanced Micro Devices, Inc........................ 3,816 9,807 # Advent Software, Inc............................... 859 35,949 * Akamai Technologies, Inc........................... 412 23,960 * Alliance Data Systems Corp......................... 230 66,431 Altera Corp........................................ 1,100 36,217 Amdocs, Ltd........................................ 1,200 57,816 * Amkor Technology, Inc.............................. 4,400 27,940 Amphenol Corp. Class A............................. 1,200 64,452 * Amtech Systems, Inc................................ 400 3,268 Analog Devices, Inc................................ 1,343 69,977 * Anixter International, Inc......................... 536 40,393 877 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * ANSYS, Inc......................................... 500 $ 40,335 * AOL, Inc........................................... 1,287 55,663 Apple, Inc......................................... 18,319 2,146,254 Applied Materials, Inc............................. 2,002 45,726 * ARRIS Group, Inc................................... 2,960 77,611 * Arrow Electronics, Inc............................. 1,026 56,471 * Aspen Technology, Inc.............................. 1,102 38,950 #* Atmel Corp......................................... 1,400 11,662 * Autodesk, Inc...................................... 500 27,002 Automatic Data Processing, Inc..................... 1,000 82,530 Avago Technologies, Ltd............................ 600 61,728 * Aviat Networks, Inc................................ 210 269 Avnet, Inc......................................... 1,303 54,231 AVX Corp........................................... 3,100 40,083 Aware, Inc......................................... 900 4,392 * AXT, Inc........................................... 300 834 # Badger Meter, Inc.................................. 300 17,958 Belden, Inc........................................ 400 33,176 * Benchmark Electronics, Inc......................... 1,368 33,147 Blackbaud, Inc..................................... 350 15,298 * Blackhawk Network Holdings, Inc. Class B........... 550 18,210 #* Blucora, Inc....................................... 1,000 13,520 Booz Allen Hamilton Holding Corp................... 450 13,100 * Bottomline Technologies de, Inc.................... 699 17,314 Broadcom Corp. Class A............................. 1,212 51,431 Broadridge Financial Solutions, Inc................ 1,072 51,445 Brocade Communications Systems, Inc................ 4,903 54,521 Brooks Automation, Inc............................. 1,100 14,201 * Bsquare Corp....................................... 300 1,329 * BTU International, Inc............................. 300 789 CA, Inc............................................ 2,509 76,023 * Cabot Microelectronics Corp........................ 300 14,823 * CACI International, Inc. Class A................... 606 51,262 #* Cadence Design Systems, Inc........................ 1,591 28,622 * CalAmp Corp........................................ 500 8,955 * Calix, Inc......................................... 993 9,533 #* Cardtronics, Inc................................... 710 23,863 CDK Global, Inc.................................... 333 15,038 CDW Corp........................................... 1,379 47,245 * Ceva, Inc.......................................... 95 1,739 * Checkpoint Systems, Inc............................ 567 7,348 #* Ciena Corp......................................... 700 12,964 * Cimpress NV........................................ 519 41,805 #* Cirrus Logic, Inc.................................. 417 11,051 Cisco Systems, Inc................................. 19,721 519,944 * Citrix Systems, Inc................................ 400 23,704 * Cognex Corp........................................ 394 14,479 * Cognizant Technology Solutions Corp. Class A....... 800 43,304 * Coherent, Inc...................................... 500 30,940 Cohu, Inc.......................................... 600 6,798 * CommVault Systems, Inc............................. 200 8,716 Computer Sciences Corp............................. 2,500 151,700 Computer Task Group, Inc........................... 500 4,045 878 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) Comtech Telecommunications Corp.................... 587 $ 19,394 * Comverse, Inc...................................... 500 8,615 Convergys Corp..................................... 2,217 42,478 * CoreLogic, Inc..................................... 1,279 42,463 Corning, Inc....................................... 1,044 24,816 #* CoStar Group, Inc.................................. 183 33,765 * Covisint Corp...................................... 553 1,228 #* Cray, Inc.......................................... 624 20,274 #* Cree, Inc.......................................... 861 30,445 # CSG Systems International, Inc..................... 860 21,087 #* CyberOptics Corp................................... 300 3,273 Daktronics, Inc.................................... 587 7,267 #* Dealertrack Technologies, Inc...................... 1,000 40,200 * Dice Holdings, Inc................................. 1,000 8,270 # Diebold, Inc....................................... 906 28,267 Digimarc Corp...................................... 128 3,459 * Diodes, Inc........................................ 900 23,787 Dolby Laboratories, Inc. Class A................... 493 19,128 * DSP Group, Inc..................................... 600 6,594 DST Systems, Inc................................... 620 59,954 EarthLink Holdings Corp............................ 3,100 13,082 * eBay, Inc.......................................... 2,200 116,600 # Ebix, Inc.......................................... 762 17,412 * EchoStar Corp. Class A............................. 422 22,016 Electro Rent Corp.................................. 677 8,727 Electro Scientific Industries, Inc................. 800 5,016 * Electronic Arts, Inc............................... 800 43,888 * Electronics for Imaging, Inc....................... 416 16,078 EMC Corp........................................... 6,600 171,138 * Emcore Corp........................................ 300 1,551 * Emulex Corp........................................ 1,500 9,390 #* EnerNOC, Inc....................................... 785 13,518 * Entegris, Inc...................................... 3,153 40,989 * EPAM Systems, Inc.................................. 278 13,603 EPIQ Systems, Inc.................................. 900 15,705 * ePlus, Inc......................................... 109 7,351 # Equinix, Inc....................................... 243 52,697 * Euronet Worldwide, Inc............................. 875 39,716 #* Exar Corp.......................................... 1,140 10,283 * ExlService Holdings, Inc........................... 500 14,690 * F5 Networks, Inc................................... 300 33,486 * Fabrinet........................................... 700 11,431 * Facebook, Inc. Class A............................. 1,693 128,516 # FactSet Research Systems, Inc...................... 300 43,077 Fair Isaac Corp.................................... 900 64,215 * Fairchild Semiconductor International, Inc......... 3,216 49,366 #* FalconStor Software, Inc........................... 700 966 * FARO Technologies, Inc............................. 100 5,535 FEI Co............................................. 400 32,888 Fidelity National Information Services, Inc........ 2,549 159,134 #* Finisar Corp....................................... 1,669 30,276 * First Solar, Inc................................... 1,130 47,822 * Fiserv, Inc........................................ 1,600 116,048 879 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) * FleetCor Technologies, Inc......................... 258 $ 36,249 FLIR Systems, Inc.................................. 808 24,402 * Fortinet, Inc...................................... 500 14,947 #* Freescale Semiconductor, Ltd....................... 600 19,254 * Frequency Electronics, Inc......................... 300 3,422 * Gartner, Inc....................................... 300 25,266 * Genpact, Ltd....................................... 2,845 57,099 Global Payments, Inc............................... 675 58,934 * Google, Inc. Class A............................... 400 215,020 * Google, Inc. Class C............................... 400 213,808 * Harmonic, Inc...................................... 1,360 10,404 Harris Corp........................................ 800 53,704 # Heartland Payment Systems, Inc..................... 628 31,256 Hewlett-Packard Co................................. 13,001 469,726 * HomeAway, Inc...................................... 343 8,743 IAC/InterActiveCorp................................ 1,207 73,567 * ID Systems, Inc.................................... 400 2,636 * Identiv, Inc....................................... 110 1,387 * iGATE Corp......................................... 600 21,240 * II-VI, Inc......................................... 1,177 20,233 #* Imation Corp....................................... 400 1,504 * Infinera Corp...................................... 1,900 30,628 * Informatica Corp................................... 400 16,674 * Ingram Micro, Inc. Class A......................... 2,108 53,079 * Innodata, Inc...................................... 200 572 * Insight Enterprises, Inc........................... 900 21,303 * Integrated Device Technology, Inc.................. 2,338 42,762 Intel Corp......................................... 27,662 913,952 #* Interactive Intelligence Group, Inc................ 200 8,112 InterDigital, Inc.................................. 694 34,686 * Internap Corp...................................... 1,600 13,472 International Business Machines Corp............... 2,000 306,620 Intersil Corp. Class A............................. 2,400 34,344 #* Intevac, Inc....................................... 700 4,550 * IntraLinks Holdings, Inc........................... 96 1,023 * IntriCon Corp...................................... 200 1,480 Intuit, Inc........................................ 400 34,728 #* IPG Photonics Corp................................. 403 30,080 #* Itron, Inc......................................... 732 27,238 * Ixia............................................... 1,573 15,950 # j2 Global, Inc..................................... 1,050 60,312 Jabil Circuit, Inc................................. 2,659 54,802 Jack Henry & Associates, Inc....................... 1,056 64,807 * JDS Uniphase Corp.................................. 1,795 21,809 Juniper Networks, Inc.............................. 1,189 27,026 KLA-Tencor Corp.................................... 900 55,323 #* Knowles Corp....................................... 500 10,605 * Kulicke & Soffa Industries, Inc.................... 1,300 19,721 Lam Research Corp.................................. 1,187 90,734 * Lattice Semiconductor Corp......................... 2,800 19,964 Leidos Holdings, Inc............................... 748 30,967 # Lexmark International, Inc. Class A................ 1,000 39,910 Linear Technology Corp............................. 740 33,256 880 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) * Lionbridge Technologies, Inc....................... 322 $ 1,604 Littelfuse, Inc.................................... 400 39,496 #* LoJack Corp........................................ 600 1,272 * Magnachip Semiconductor Corp....................... 652 9,376 * Manhattan Associates, Inc.......................... 1,280 57,139 ManTech International Corp. Class A................ 600 19,518 Marvell Technology Group, Ltd...................... 1,900 29,431 MasterCard, Inc. Class A........................... 2,000 164,060 Maxim Integrated Products, Inc..................... 1,178 38,980 MAXIMUS, Inc....................................... 1,300 72,436 Mentor Graphics Corp............................... 2,556 58,814 Methode Electronics, Inc........................... 707 25,572 Micrel, Inc........................................ 552 7,767 # Microchip Technology, Inc.......................... 823 37,117 #* Micron Technology, Inc............................. 5,775 169,005 * Microsemi Corp..................................... 1,907 53,129 Microsoft Corp..................................... 15,664 632,826 MKS Instruments, Inc............................... 1,500 52,515 #* ModusLink Global Solutions, Inc.................... 900 3,249 Monolithic Power Systems, Inc...................... 378 17,951 # Monotype Imaging Holdings, Inc..................... 800 23,472 Motorola Solutions, Inc............................ 1,147 71,584 MTS Systems Corp................................... 300 21,684 * Multi-Fineline Electronix, Inc..................... 800 10,408 * NAPCO Security Technologies, Inc................... 600 2,982 National Instruments Corp.......................... 900 27,072 * NCR Corp........................................... 2,040 51,816 NetApp, Inc........................................ 2,261 85,466 * NETGEAR, Inc....................................... 825 27,860 #* Netscout Systems, Inc.............................. 817 29,330 #* NetSuite, Inc...................................... 148 14,568 #* NeuStar, Inc. Class A.............................. 700 18,403 * Newport Corp....................................... 800 14,816 NIC, Inc........................................... 700 11,494 #* Nuance Communications, Inc......................... 2,974 40,878 # NVIDIA Corp........................................ 1,468 28,193 #* Oclaro, Inc........................................ 500 715 * OmniVision Technologies, Inc....................... 800 21,632 * ON Semiconductor Corp.............................. 3,402 34,054 Oracle Corp........................................ 8,729 365,658 * OSI Systems, Inc................................... 500 34,990 * PAR Technology Corp................................ 400 2,296 Paychex, Inc....................................... 1,300 58,838 PC Connection, Inc................................. 590 14,012 PC-Tel, Inc........................................ 700 5,873 * PCM, Inc........................................... 400 3,800 * PDF Solutions, Inc................................. 800 13,296 Pegasystems, Inc................................... 426 8,337 #* Planar Systems, Inc................................ 569 4,165 Plantronics, Inc................................... 800 36,664 * Plexus Corp........................................ 700 26,523 * PMC-Sierra, Inc.................................... 3,457 30,560 * Polycom, Inc....................................... 1,800 23,940 881 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) Power Integrations, Inc............................ 228 $ 11,760 * Progress Software Corp............................. 1,000 25,050 * PTC, Inc........................................... 700 23,387 QAD, Inc. Class B.................................. 101 1,748 * QLogic Corp........................................ 1,500 20,040 * Qorvo, Inc......................................... 2,009 148,405 QUALCOMM, Inc...................................... 3,200 199,872 * Qumu Corp.......................................... 400 5,680 #* Rackspace Hosting, Inc............................. 1,100 49,456 #* Rambus, Inc........................................ 2,047 23,029 * RealNetworks, Inc.................................. 1,200 8,436 * Red Hat, Inc....................................... 628 40,060 Reis, Inc.......................................... 200 4,500 * Rofin-Sinar Technologies, Inc...................... 400 10,768 * Rogers Corp........................................ 400 29,544 * Rovi Corp.......................................... 515 11,902 #* Rubicon Technology, Inc............................ 590 2,454 #* Rudolph Technologies, Inc.......................... 1,000 10,030 * Salesforce.com, Inc................................ 500 28,225 SanDisk Corp....................................... 1,192 90,485 * Sanmina Corp....................................... 1,100 23,298 * Sapient Corp....................................... 2,855 70,975 * ScanSource, Inc.................................... 700 24,136 Science Applications International Corp............ 827 40,341 * Seachange International, Inc....................... 516 3,643 # Seagate Technology P.L.C........................... 1,020 57,569 * Semtech Corp....................................... 700 17,822 #* ServiceSource International, Inc................... 89 298 * Sigma Designs, Inc................................. 300 1,908 * Silicon Laboratories, Inc.......................... 700 30,632 Skyworks Solutions, Inc............................ 982 81,555 * SolarWinds, Inc.................................... 200 9,630 Solera Holdings, Inc............................... 486 25,078 * Sonus Networks, Inc................................ 475 9,063 SS&C Technologies Holdings, Inc.................... 1,365 75,525 * Stamps.com, Inc.................................... 300 13,671 * StarTek, Inc....................................... 300 2,829 #* Stratasys, Ltd..................................... 519 41,255 #* SunEdison, Inc..................................... 1,786 33,452 #* SunPower Corp...................................... 1,332 32,128 * support.com, Inc................................... 1,000 1,960 * Sykes Enterprises, Inc............................. 1,080 24,322 Symantec Corp...................................... 4,802 118,946 #* Synaptics, Inc..................................... 550 42,245 * Synchronoss Technologies, Inc...................... 162 6,880 # SYNNEX Corp........................................ 900 66,771 * Synopsys, Inc...................................... 682 29,319 #* Syntel, Inc........................................ 600 25,950 #* Take-Two Interactive Software, Inc................. 2,201 65,414 TE Connectivity, Ltd............................... 1,813 120,365 * Tech Data Corp..................................... 1,000 57,100 #* Telenav, Inc....................................... 500 3,240 * TeleTech Holdings, Inc............................. 1,009 22,259 882 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) #* Teradata Corp...................................... 1,241 $ 55,299 Teradyne, Inc...................................... 2,728 49,377 Tessco Technologies, Inc........................... 150 3,398 Tessera Technologies, Inc.......................... 1,053 39,045 Texas Instruments, Inc............................. 1,900 101,555 Total System Services, Inc......................... 1,512 53,479 * Trimble Navigation, Ltd............................ 900 21,456 #* TTM Technologies, Inc.............................. 1,700 11,815 * Tyler Technologies, Inc............................ 400 42,432 #* Ultimate Software Group, Inc. (The)................ 200 29,602 * Ultratech, Inc..................................... 600 9,564 * Unisys Corp........................................ 810 17,763 * United Online, Inc................................. 314 4,145 * Vantiv, Inc. Class A............................... 1,267 43,572 #* Veeco Instruments, Inc............................. 700 20,419 #* VeriFone Systems, Inc.............................. 1,200 37,668 * Verint Systems, Inc................................ 500 26,690 #* VeriSign, Inc...................................... 500 27,240 #* ViaSat, Inc........................................ 600 33,732 * Viasystems Group, Inc.............................. 180 2,882 Visa, Inc. Class A................................. 1,200 305,892 # Vishay Intertechnology, Inc........................ 3,100 42,222 * Web.com Group, Inc................................. 966 14,596 #* WebMD Health Corp.................................. 251 9,726 Western Digital Corp............................... 900 87,507 # Western Union Co. (The)............................ 1,501 25,517 * WEX, Inc........................................... 500 46,025 #* Workday, Inc. Class A.............................. 125 9,933 Xerox Corp......................................... 7,500 98,775 Xilinx, Inc........................................ 800 30,860 * XO Group, Inc...................................... 900 14,796 * Yahoo!, Inc........................................ 1,400 61,586 #* Yelp, Inc.......................................... 300 15,741 * Zebra Technologies Corp. Class A................... 626 52,246 * Zix Corp........................................... 1,300 4,602 #* Zynga, Inc. Class A................................ 154 394 ----------- Total Information Technology........................... 16,238,317 ----------- Materials -- (5.2%) A Schulman, Inc.................................... 719 25,057 * AEP Industries, Inc................................ 200 10,022 Air Products & Chemicals, Inc...................... 500 72,805 Airgas, Inc........................................ 800 90,112 Albemarle Corp..................................... 1,216 58,684 Alcoa, Inc......................................... 6,317 98,861 # Allegheny Technologies, Inc........................ 843 24,051 # American Vanguard Corp............................. 800 8,944 Ampco-Pittsburgh Corp.............................. 300 5,460 # Aptargroup, Inc.................................... 1,200 75,732 Ashland, Inc....................................... 441 52,267 Avery Dennison Corp................................ 1,602 83,737 Axiall Corp........................................ 1,023 45,268 Ball Corp.......................................... 600 37,998 883 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Materials -- (Continued) Bemis Co., Inc..................................... 2,200 $ 97,460 * Berry Plastics Group, Inc.......................... 800 27,056 * Boise Cascade Co................................... 290 11,728 Cabot Corp......................................... 1,200 50,892 * Calgon Carbon Corp................................. 1,200 23,676 # Carpenter Technology Corp.......................... 800 30,352 Celanese Corp. Series A............................ 844 45,373 * Century Aluminum Co................................ 2,502 57,821 CF Industries Holdings, Inc........................ 530 161,851 * Chemtura Corp...................................... 1,694 36,912 * Clearwater Paper Corp.............................. 600 44,412 #* Coeur Mining, Inc.................................. 1,988 12,524 Commercial Metals Co............................... 2,700 36,234 Compass Minerals International, Inc................ 500 43,700 * Core Molding Technologies, Inc..................... 300 4,350 * Crown Holdings, Inc................................ 500 22,155 Cytec Industries, Inc.............................. 1,900 91,181 Domtar Corp........................................ 1,604 61,433 Dow Chemical Co. (The)............................. 5,481 247,522 Eagle Materials, Inc............................... 501 35,681 Eastman Chemical Co................................ 1,300 92,157 Ecolab, Inc........................................ 592 61,432 EI du Pont de Nemours & Co......................... 2,599 185,075 * Ferro Corp......................................... 2,200 24,486 #* Flotek Industries, Inc............................. 331 5,352 FMC Corp........................................... 600 34,500 Freeport-McMoRan, Inc.............................. 6,008 100,994 Friedman Industries, Inc........................... 300 1,878 FutureFuel Corp.................................... 801 8,803 * Graphic Packaging Holding Co....................... 5,411 78,351 Greif, Inc. Class A................................ 600 22,920 Greif, Inc. Class B................................ 234 10,252 # Hawkins, Inc....................................... 233 8,973 Haynes International, Inc.......................... 259 10,083 # HB Fuller Co....................................... 900 37,035 # Hecla Mining Co.................................... 6,909 22,731 #* Horsehead Holding Corp............................. 233 3,132 # Huntsman Corp...................................... 2,700 59,292 Innophos Holdings, Inc............................. 408 24,292 Innospec, Inc...................................... 558 22,024 International Flavors & Fragrances, Inc............ 300 31,833 International Paper Co............................. 2,500 131,650 * Intrepid Potash, Inc............................... 917 12,205 # Kaiser Aluminum Corp............................... 357 24,744 KapStone Paper and Packaging Corp.................. 2,800 83,636 KMG Chemicals, Inc................................. 300 6,276 Koppers Holdings, Inc.............................. 225 4,086 * Kraton Performance Polymers, Inc................... 400 7,736 Kronos Worldwide, Inc.............................. 564 6,334 #* Louisiana-Pacific Corp............................. 2,949 48,275 LyondellBasell Industries NV Class A............... 1,662 131,448 Martin Marietta Materials, Inc..................... 237 25,534 Materion Corp...................................... 491 16,178 884 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Materials -- (Continued) MeadWestvaco Corp.................................. 1,727 $ 86,834 Minerals Technologies, Inc......................... 800 52,264 Monsanto Co........................................ 900 106,182 Mosaic Co. (The)................................... 1,360 66,218 Myers Industries, Inc.............................. 775 12,904 # NewMarket Corp..................................... 100 44,967 Newmont Mining Corp................................ 2,600 65,390 Nucor Corp......................................... 1,975 86,209 # Olin Corp.......................................... 1,700 42,619 # Olympic Steel, Inc................................. 300 4,113 OM Group, Inc...................................... 900 25,200 * Owens-Illinois, Inc................................ 1,196 27,927 Packaging Corp. of America......................... 600 45,510 * Penford Corp....................................... 200 3,764 PH Glatfelter Co................................... 800 18,296 PolyOne Corp....................................... 2,011 71,572 PPG Industries, Inc................................ 340 75,779 Praxair, Inc....................................... 700 84,413 Quaker Chemical Corp............................... 200 15,784 Reliance Steel & Aluminum Co....................... 1,407 73,685 #* Rentech, Inc....................................... 1,935 2,322 Rock-Tenn Co. Class A.............................. 1,654 107,345 Royal Gold, Inc.................................... 800 57,968 RPM International, Inc............................. 599 28,668 * RTI International Metals, Inc...................... 400 8,920 # Schnitzer Steel Industries, Inc. Class A........... 600 10,128 Scotts Miracle-Gro Co. (The) Class A............... 436 27,655 Sealed Air Corp.................................... 862 34,911 Sensient Technologies Corp......................... 760 46,360 Sherwin-Williams Co. (The)......................... 200 54,254 Silgan Holdings, Inc............................... 1,000 51,410 Sonoco Products Co................................. 1,434 63,383 # Southern Copper Corp............................... 400 10,912 Steel Dynamics, Inc................................ 3,710 63,218 Stepan Co.......................................... 600 23,040 #* Stillwater Mining Co............................... 2,900 39,643 SunCoke Energy, Inc................................ 938 14,164 TimkenSteel Corp................................... 550 14,850 Tredegar Corp...................................... 800 17,112 Tronox, Ltd. Class A............................... 516 10,908 United States Lime & Minerals, Inc................. 200 13,830 # United States Steel Corp........................... 2,069 50,566 Valspar Corp. (The)................................ 500 41,715 Vulcan Materials Co................................ 694 48,934 # Walter Energy, Inc................................. 300 280 Westlake Chemical Corp............................. 1,362 78,056 Worthington Industries, Inc........................ 1,300 38,909 * WR Grace & Co...................................... 400 34,672 ---------- Total Materials......................................... 5,178,771 ---------- Other -- (0.0%) o#* Gerber Scientific, Inc. Escrow Shares.............. 900 -- 885 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Other -- (Continued) o* Softbrands, Inc. Escrow Shares..................... 600 $ -- ---------- Total Other............................................ -- ---------- Real Estate Investment Trusts -- (0.0%) # Iron Mountain, Inc................................. 1,217 48,485 ---------- Telecommunication Services -- (2.9%) * Alteva............................................. 86 628 AT&T, Inc.......................................... 43,847 1,443,443 # Atlantic Tele-Network, Inc......................... 400 26,572 CenturyLink, Inc................................... 3,600 133,812 * Cincinnati Bell, Inc............................... 3,500 10,255 Cogent Communications Holdings, Inc................ 313 11,600 # Consolidated Communications Holdings, Inc.......... 827 19,252 # Frontier Communications Corp....................... 13,649 91,653 * General Communication, Inc. Class A................ 1,100 16,148 #* Globalstar, Inc.................................... 3,847 9,310 IDT Corp. Class B.................................. 504 10,765 Inteliquent, Inc................................... 300 5,046 #* Iridium Communications, Inc........................ 1,497 12,739 * Level 3 Communications, Inc........................ 1,385 68,890 # Lumos Networks Corp................................ 200 3,206 * ORBCOMM, Inc....................................... 1,200 6,672 * Premiere Global Services, Inc...................... 1,000 8,840 * SBA Communications Corp. Class A................... 500 58,350 Shenandoah Telecommunications Co................... 711 21,124 #* Sprint Corp........................................ 2,414 10,380 #* T-Mobile US, Inc................................... 916 27,645 Telephone & Data Systems, Inc...................... 2,313 53,777 * United States Cellular Corp........................ 324 11,272 Verizon Communications, Inc........................ 16,328 746,353 * Vonage Holdings Corp............................... 3,429 14,402 Windstream Holdings, Inc........................... 9,608 76,384 ---------- Total Telecommunication Services....................... 2,898,518 ---------- Utilities -- (2.5%) AES Corp........................................... 1,291 15,776 AGL Resources, Inc................................. 500 28,190 ALLETE, Inc........................................ 600 33,990 Alliant Energy Corp................................ 400 27,444 Ameren Corp........................................ 900 40,752 American Electric Power Co., Inc................... 600 37,686 American States Water Co........................... 600 23,784 American Water Works Co., Inc...................... 300 16,842 # Aqua America, Inc.................................. 1,625 43,956 Atmos Energy Corp.................................. 700 39,837 # Avista Corp........................................ 800 29,704 Black Hills Corp................................... 700 35,112 California Water Service Group..................... 600 14,724 * Calpine Corp....................................... 3,397 70,929 CenterPoint Energy, Inc............................ 1,600 36,944 Chesapeake Utilities Corp.......................... 361 17,602 Cleco Corp......................................... 582 31,638 886 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Utilities -- (Continued) CMS Energy Corp.................................... 700 $ 26,411 # Consolidated Edison, Inc........................... 400 27,712 Dominion Resources, Inc............................ 1,000 76,890 DTE Energy Co...................................... 700 62,762 Duke Energy Corp................................... 1,196 104,219 * Dynegy, Inc........................................ 1,300 35,516 Edison International............................... 700 47,705 El Paso Electric Co................................ 515 20,631 Empire District Electric Co. (The)................. 500 15,235 Entergy Corp....................................... 300 26,253 Exelon Corp........................................ 1,149 41,410 FirstEnergy Corp................................... 500 20,165 Genie Energy, Ltd. Class B......................... 400 2,508 Great Plains Energy, Inc........................... 1,400 41,398 Hawaiian Electric Industries, Inc.................. 1,100 37,730 # IDACORP, Inc....................................... 415 28,183 Integrys Energy Group, Inc......................... 200 16,220 ITC Holdings Corp.................................. 922 39,222 Laclede Group, Inc. (The).......................... 300 16,128 MDU Resources Group, Inc........................... 778 17,591 MGE Energy, Inc.................................... 600 27,540 Middlesex Water Co................................. 300 6,561 # National Fuel Gas Co............................... 456 28,924 New Jersey Resources Corp.......................... 500 31,940 NextEra Energy, Inc................................ 700 76,468 NiSource, Inc...................................... 1,000 43,260 # Northeast Utilities................................ 787 43,741 # Northwest Natural Gas Co........................... 400 19,964 # NorthWestern Corp.................................. 500 28,880 NRG Energy, Inc.................................... 2,425 59,801 OGE Energy Corp.................................... 800 28,144 # ONE Gas, Inc....................................... 321 14,185 Ormat Technologies, Inc............................ 900 24,075 Otter Tail Corp.................................... 600 18,552 PG&E Corp.......................................... 600 35,286 Piedmont Natural Gas Co., Inc...................... 800 31,912 Pinnacle West Capital Corp......................... 300 21,054 PNM Resources, Inc................................. 900 27,450 # Portland General Electric Co....................... 1,020 40,494 PPL Corp........................................... 800 28,400 Public Service Enterprise Group, Inc............... 900 38,412 Questar Corp....................................... 1,400 36,330 SCANA Corp......................................... 400 25,508 Sempra Energy...................................... 400 44,768 SJW Corp........................................... 211 7,126 # South Jersey Industries, Inc....................... 400 23,300 Southern Co. (The)................................. 1,400 71,008 Southwest Gas Corp................................. 600 36,876 TECO Energy, Inc................................... 760 16,211 UGI Corp........................................... 2,272 84,041 UIL Holdings Corp.................................. 670 30,820 Unitil Corp........................................ 100 3,736 Vectren Corp....................................... 600 28,752 887 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Utilities -- (Continued) # Westar Energy, Inc................................. 800 $ 34,176 WGL Holdings, Inc.................................. 600 33,900 # Wisconsin Energy Corp.............................. 800 44,616 Xcel Energy, Inc................................... 900 33,777 # York Water Co...................................... 360 8,521 ------------ Total Utilities.......................................... 2,487,308 ------------ TOTAL COMMON STOCKS...................................... 88,654,987 ------------ RIGHTS/WARRANTS -- (0.0%) o* Leap Wireless International, Inc. Contingent Value Rights........................................... 2,100 5,292 o* Safeway Casa Ley Contingent Value Rights........... 1,200 1,218 o* Safeway PDC, LLC Contingent Value Rights........... 1,200 59 o* Sears Holdings Corporation Rights.................. 1 -- o* Southern Community Financial Corp. Contingent Value Rights..................................... 401 371 ------------ TOTAL RIGHTS/WARRANTS.................................... 6,940 ------------ TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional Liquid Reserves, 0.089%............................................ 177,810 177,810 ------------ SECURITIES LENDING COLLATERAL -- (11.3%) (S)@ DFA Short Term Investment Fund..................... 980,109 11,339,859 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $72,932,146)^^................................. $100,179,596 ============ 888 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ----------- ------- ------------ Common Stocks Consumer Discretionary......... $15,047,268 -- -- $ 15,047,268 Consumer Staples............... 5,023,225 -- -- 5,023,225 Energy......................... 10,026,053 -- -- 10,026,053 Financials..................... 16,289,227 -- -- 16,289,227 Industrials.................... 15,417,815 -- -- 15,417,815 Information Technology......... 16,238,317 -- -- 16,238,317 Materials...................... 5,178,771 -- -- 5,178,771 Other.......................... -- -- -- -- Real Estate Investment Trusts...................... 48,485 -- -- 48,485 Telecommunication Services..... 2,898,518 -- -- 2,898,518 Utilities...................... 2,487,308 -- -- 2,487,308 Rights/Warrants................... -- $ 6,940 -- 6,940 Temporary Cash Investments........ 177,810 -- -- 177,810 Securities Lending Collateral..... -- 11,339,859 -- 11,339,859 ----------- ----------- -- ------------ TOTAL............................. $88,832,797 $11,346,799 -- $100,179,596 =========== =========== == ============ 889 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------ -------- COMMON STOCKS -- (93.0%) AUSTRALIA -- (6.3%) Adelaide Brighton, Ltd............................. 12,382 $ 34,315 AGL Energy, Ltd.................................... 2,454 27,128 # ALS, Ltd........................................... 5,389 20,348 * Alumina, Ltd....................................... 44,778 67,024 Amalgamated Holdings, Ltd.......................... 1,588 14,504 Amcor, Ltd......................................... 7,623 75,340 AMP, Ltd........................................... 54,320 242,246 # APA Group.......................................... 12,088 76,200 * APN News & Media, Ltd.............................. 8,425 5,300 #* Aquarius Platinum, Ltd............................. 32,436 6,954 ARB Corp., Ltd..................................... 443 3,970 Arrium, Ltd........................................ 32,904 5,193 Asciano, Ltd....................................... 19,708 91,755 ASX, Ltd........................................... 2,267 67,003 # Atlas Iron, Ltd.................................... 21,286 2,782 Aurizon Holdings, Ltd.............................. 6,244 23,877 # Ausdrill, Ltd...................................... 3,727 1,081 # AusNet Services.................................... 21,363 23,188 Australia & New Zealand Banking Group, Ltd......... 17,831 455,180 * Australian Agricultural Co., Ltd................... 10,040 12,467 Automotive Holdings Group, Ltd..................... 7,603 22,235 * AWE, Ltd........................................... 11,677 12,124 Bank of Queensland, Ltd............................ 6,766 65,541 Beach Energy, Ltd.................................. 31,283 23,290 #* Beadell Resources, Ltd............................. 38,340 8,834 Bega Cheese, Ltd................................... 1,674 6,625 Bendigo and Adelaide Bank, Ltd..................... 6,440 66,693 BHP Billiton, Ltd.................................. 19,895 458,873 BHP Billiton, Ltd. Sponsored ADR................... 2,200 101,926 * Billabong International, Ltd....................... 13,021 6,492 * BlueScope Steel, Ltd............................... 11,548 44,738 Boral, Ltd......................................... 16,241 70,293 # Bradken, Ltd....................................... 4,982 10,507 Brambles, Ltd...................................... 8,792 72,029 # Breville Group, Ltd................................ 2,941 16,497 # Brickworks, Ltd.................................... 846 7,975 # Cabcharge Australia, Ltd........................... 1,270 4,272 Caltex Australia, Ltd.............................. 3,088 79,918 # Cardno, Ltd........................................ 2,686 6,135 # carsales.com, Ltd.................................. 2,372 18,888 Cash Converters International, Ltd................. 15,872 13,635 Challenger, Ltd.................................... 10,518 51,170 Coca-Cola Amatil, Ltd.............................. 4,079 30,616 # Commonwealth Bank of Australia..................... 3,519 243,321 Computershare, Ltd................................. 5,369 48,240 Credit Corp. Group, Ltd............................ 1,551 14,092 CSR, Ltd........................................... 16,074 49,652 # Domino's Pizza Enterprises, Ltd.................... 1,192 24,098 Downer EDI, Ltd.................................... 7,987 25,933 * Drillsearch Energy, Ltd............................ 10,492 6,323 DuluxGroup, Ltd.................................... 8,959 41,499 890 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- AUSTRALIA -- (Continued) * Elders, Ltd........................................ 931 $ 2,381 #* Emeco Holdings, Ltd................................ 13,587 1,268 * Energy World Corp., Ltd............................ 12,801 2,917 Fairfax Media, Ltd................................. 35,852 24,940 Flight Centre Travel Group, Ltd.................... 646 18,858 # Fortescue Metals Group, Ltd........................ 9,269 16,807 Goodman Fielder, Ltd............................... 37,692 18,707 # GrainCorp, Ltd. Class A............................ 2,948 20,349 GUD Holdings, Ltd.................................. 1,903 11,574 # GWA Group, Ltd..................................... 5,833 11,945 # Harvey Norman Holdings, Ltd........................ 12,250 37,415 * Hillgrove Resources, Ltd........................... 10,860 3,197 Hills, Ltd......................................... 5,255 4,410 * Horizon Oil, Ltd................................... 29,979 2,911 # iiNET, Ltd......................................... 3,005 17,440 Iluka Resources, Ltd............................... 6,877 37,347 Incitec Pivot, Ltd................................. 28,258 78,815 Independence Group NL.............................. 3,743 14,412 Insurance Australia Group, Ltd..................... 37,192 184,239 # Invocare, Ltd...................................... 2,186 22,061 # IOOF Holdings, Ltd................................. 4,072 29,713 # Iress, Ltd......................................... 3,256 26,048 James Hardie Industries P.L.C.(B60QWJ2)............ 2,471 24,776 James Hardie Industries P.L.C.(B3LCV80)............ 600 30,342 # JB Hi-Fi, Ltd...................................... 2,013 26,094 * Kingsgate Consolidated, Ltd........................ 631 388 Leighton Holdings, Ltd............................. 1,755 27,928 Lend Lease Group................................... 3,562 45,913 M2 Group, Ltd...................................... 4,035 28,106 * Macmahon Holdings, Ltd............................. 39,034 1,723 Macquarie Group, Ltd............................... 1,965 95,067 # Magellan Financial Group, Ltd...................... 2,457 36,195 Melbourne IT, Ltd.................................. 5,334 5,692 Metals X, Ltd...................................... 620 529 # Metcash, Ltd....................................... 17,754 20,042 Mincor Resources NL................................ 4,393 2,461 * Mineral Deposits, Ltd.............................. 4,284 2,863 # Mineral Resources, Ltd............................. 3,218 16,669 # MMA Offshore, Ltd.................................. 8,708 5,382 Monadelphous Group, Ltd............................ 1,985 12,504 Mount Gibson Iron, Ltd............................. 8,762 1,443 # Myer Holdings, Ltd................................. 21,690 26,126 National Australia Bank, Ltd....................... 13,973 385,353 Navitas, Ltd....................................... 5,275 21,796 New Hope Corp., Ltd................................ 3,628 6,610 * Newcrest Mining, Ltd............................... 6,100 65,864 Northern Star Resources, Ltd....................... 9,219 13,338 # NRW Holdings, Ltd.................................. 4,098 903 Nufarm, Ltd........................................ 5,093 22,380 Oil Search, Ltd.................................... 1,141 6,866 Orica, Ltd......................................... 3,756 52,722 Origin Energy, Ltd................................. 9,213 76,024 Orora, Ltd......................................... 5,096 8,386 891 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- AUSTRALIA -- (Continued) OZ Minerals, Ltd................................... 8,700 $ 25,988 Pacific Brands, Ltd................................ 16,041 6,085 #* Paladin Energy, Ltd................................ 8,694 2,542 PanAust, Ltd....................................... 15,035 14,035 Panoramic Resources, Ltd........................... 3,668 1,284 Peet, Ltd.......................................... 7,973 6,425 # Perpetual, Ltd..................................... 794 30,126 Platinum Asset Management, Ltd..................... 591 3,972 * PMP, Ltd........................................... 15,111 4,740 Premier Investments, Ltd........................... 1,327 10,544 * Prime AET&D Holdings No.1, Ltd..................... 1 -- Programmed Maintenance Services, Ltd............... 2,001 3,370 * Qantas Airways, Ltd................................ 25,039 50,455 QBE Insurance Group, Ltd........................... 8,923 73,150 Qube Holdings, Ltd................................. 11,747 21,290 * Ramelius Resources, Ltd............................ 23,490 2,520 RCR Tomlinson, Ltd................................. 7,109 11,342 REA Group, Ltd..................................... 617 23,601 Recall Holdings, Ltd............................... 574 3,179 Reece Australia, Ltd............................... 772 19,370 * Resolute Mining, Ltd............................... 10,174 3,053 # Retail Food Group, Ltd............................. 4,745 22,673 Rio Tinto, Ltd..................................... 4,438 197,900 SAI Global, Ltd.................................... 5,683 17,272 # Salmat, Ltd........................................ 4,935 6,157 Sandfire Resources NL.............................. 1,850 6,103 Santos, Ltd........................................ 7,392 45,003 Seek, Ltd.......................................... 3,829 52,697 #* Senex Energy, Ltd.................................. 31,081 6,636 # Seven Group Holdings, Ltd.......................... 3,972 15,743 Seven West Media, Ltd.............................. 3,546 3,594 # Sims Metal Management, Ltd......................... 4,115 34,620 Skilled Group, Ltd................................. 3,600 3,637 Slater & Gordon, Ltd............................... 317 1,627 SMS Management & Technology, Ltd................... 2,472 6,912 # Southern Cross Media Group, Ltd.................... 18,980 15,443 Spark Infrastructure Group......................... 15,132 25,057 #* St Barbara, Ltd.................................... 2,817 471 STW Communications Group, Ltd...................... 10,662 7,583 Suncorp Group, Ltd................................. 8,547 97,383 Sunland Group, Ltd................................. 7,830 10,362 # Super Retail Group, Ltd............................ 4,028 27,185 Sydney Airport..................................... 3,330 12,868 Tassal Group, Ltd.................................. 6,365 18,590 # Telstra Corp., Ltd................................. 9,755 49,204 * Ten Network Holdings, Ltd.......................... 53,821 8,312 # TFS Corp., Ltd..................................... 3,576 4,074 Toll Holdings, Ltd................................. 16,034 76,675 Tox Free Solutions, Ltd............................ 2,799 6,323 TPG Telecom, Ltd................................... 2,754 14,244 * Transfield Services, Ltd........................... 16,892 18,496 Transpacific Industries Group, Ltd................. 19,482 12,463 Transurban Group................................... 6,820 48,774 892 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRALIA -- (Continued) # UGL, Ltd........................................... 1,662 $ 2,307 UXC, Ltd........................................... 5,788 3,345 # Village Roadshow, Ltd.............................. 1,430 6,746 * Virgin Australia Holdings, Ltd..................... 62,673 22,865 * Virgin Australia Holdings, Ltd. (ACI01NXR8)........ 46,180 -- Washington H Soul Pattinson & Co., Ltd............. 987 9,943 Wesfarmers, Ltd.................................... 4,590 155,036 Westpac Banking Corp. Sponsored ADR................ 7,016 187,678 #* Whitehaven Coal, Ltd............................... 1,338 1,277 Woodside Petroleum, Ltd............................ 7,970 211,675 Woolworths, Ltd.................................... 3,616 88,985 WorleyParsons, Ltd................................. 1,744 12,975 ---------- TOTAL AUSTRALIA........................................ 6,460,542 ---------- AUSTRIA -- (0.4%) * A-TEC Industries AG................................ 464 -- Agrana Beteiligungs AG............................. 116 9,171 Andritz AG......................................... 480 25,983 Austria Technologie & Systemtechnik AG............. 289 3,748 BUWOG AG........................................... 481 9,394 # Conwert Immobilien Invest SE....................... 1,782 20,735 Erste Group Bank AG................................ 1,799 38,947 EVN AG............................................. 660 7,298 Flughafen Wien AG.................................. 20 1,738 * IMMOFINANZ AG...................................... 3,670 8,386 Mayr Melnhof Karton AG............................. 204 21,055 Oesterreichische Post AG........................... 380 18,836 OMV AG............................................. 3,054 75,925 POLYTEC Holding AG................................. 317 2,434 # Raiffeisen Bank International AG................... 1,461 17,072 RHI AG............................................. 422 11,069 Schoeller-Bleckmann Oilfield Equipment AG.......... 121 7,157 Semperit AG Holding................................ 156 6,889 Strabag SE......................................... 412 9,130 Verbund AG......................................... 1,435 25,116 Vienna Insurance Group AG Wiener Versicherung Gruppe........................................... 492 20,882 Voestalpine AG..................................... 1,154 41,097 Wienerberger AG.................................... 2,737 38,675 Zumtobel Group AG.................................. 642 14,731 ---------- TOTAL AUSTRIA.......................................... 435,468 ---------- BELGIUM -- (1.3%) Ackermans & van Haaren NV.......................... 593 70,479 Ageas.............................................. 4,207 144,047 Banque Nationale de Belgique....................... 6 23,667 Barco NV........................................... 294 18,922 Belgacom SA........................................ 3,128 116,500 Cie d'Entreprises CFE.............................. 220 20,948 Cie Maritime Belge SA.............................. 293 4,587 Colruyt SA......................................... 1,514 69,830 D'ieteren SA....................................... 477 15,402 Delhaize Group SA.................................. 1,408 117,126 893 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- BELGIUM -- (Continued) Delhaize Group SA Sponsored ADR.................... 4,400 $ 91,036 Elia System Operator SA............................ 768 33,729 * Euronav NV......................................... 852 9,989 EVS Broadcast Equipment SA......................... 132 4,452 Exmar NV........................................... 649 5,718 * KBC Groep NV....................................... 1,544 83,044 Kinepolis Group NV................................. 495 21,732 Melexis NV......................................... 479 23,976 * Mobistar SA........................................ 1,400 31,111 NV Bekaert SA...................................... 983 29,668 #* Nyrstar NV......................................... 13,738 51,649 Sipef SA........................................... 98 5,733 # Solvay SA.......................................... 1,104 150,935 * Telenet Group Holding NV........................... 543 30,198 * Tessenderlo Chemie NV.............................. 1,111 28,756 Umicore SA......................................... 2,281 95,531 Van de Velde NV.................................... 446 24,261 * Viohalco SA........................................ 1,602 4,035 ---------- TOTAL BELGIUM.......................................... 1,327,061 ---------- CANADA -- (8.2%) Absolute Software Corp............................. 500 3,463 * Advantage Oil & Gas, Ltd........................... 4,612 19,345 Aecon Group, Inc................................... 1,800 13,882 AGF Management, Ltd. Class B....................... 1,754 9,938 Agnico Eagle Mines, Ltd.(008474108)................ 97 3,271 Agnico Eagle Mines, Ltd.(2009823).................. 818 27,575 Agrium, Inc.(008916108)............................ 961 102,491 Agrium, Inc.(2213538).............................. 800 85,351 AGT Food & Ingredient, Inc......................... 615 13,576 Aimia, Inc......................................... 2,960 31,750 * Ainsworth Lumber Co, Ltd........................... 2,900 8,307 * Air Canada......................................... 2,800 25,891 Alacer Gold Corp................................... 4,256 9,981 Alamos Gold, Inc................................... 1,800 9,604 * Alexco Resource Corp............................... 3,400 1,793 Algonquin Power & Utilities Corp................... 3,600 28,671 Alimentation Couche Tard, Inc. Class B............. 2,467 96,665 # AltaGas, Ltd....................................... 882 29,805 # Altus Group, Ltd................................... 530 7,837 * Amerigo Resources, Ltd............................. 6,500 1,228 # ARC Resources, Ltd................................. 1,900 34,390 * Argonaut Gold, Inc................................. 172 336 Atco, Ltd. Class I................................. 600 23,227 #* Athabasca Oil Corp................................. 6,553 9,592 * ATS Automation Tooling Systems, Inc................ 300 3,423 AuRico Gold, Inc................................... 6,408 25,265 AutoCanada, Inc.................................... 359 9,148 #* Avigilon Corp...................................... 678 10,324 * B2Gold Corp........................................ 12,300 24,199 # Badger Daylighting, Ltd............................ 679 12,076 #* Ballard Power Systems, Inc......................... 2,600 4,072 Bank of Montreal(063671101)........................ 899 51,674 894 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) # Bank of Montreal(2076009).......................... 2,768 $158,865 Bank of Nova Scotia................................ 4,072 195,669 Bank of Nova Scotia (The).......................... 1,504 72,252 * Bankers Petroleum, Ltd............................. 10,000 22,979 Barrick Gold Corp.(067901108)...................... 7,482 95,620 Barrick Gold Corp.(2024644)........................ 2,100 26,855 # Baytex Energy Corp................................. 400 6,208 BCE, Inc.(05534B760)............................... 604 27,754 BCE, Inc.(B188TH2)................................. 354 16,258 * Bellatrix Exploration, Ltd......................... 1,758 3,556 #* Birchcliff Energy, Ltd............................. 2,200 11,773 # Black Diamond Group, Ltd........................... 1,000 7,956 #* BlackBerry, Ltd.(09228F103)........................ 3,177 32,247 #* BlackBerry, Ltd.(BCBHZ31).......................... 3,458 35,132 #* BlackPearl Resources, Inc.......................... 5,400 3,910 # Bombardier, Inc. Class B........................... 7,800 17,801 # Bonavista Energy Corp.............................. 4,473 21,121 # Bonterra Energy Corp............................... 198 6,194 Boralex, Inc. Class A.............................. 2,474 26,498 Brookfield Asset Management, Inc. Class A.......... 1,100 56,052 CAE, Inc........................................... 2,040 25,125 Calfrac Well Services, Ltd......................... 1,440 9,247 Cameco Corp.(13321L108)............................ 2,707 37,952 Cameco Corp.(2166160).............................. 842 11,848 Canaccord Genuity Group, Inc....................... 1,669 8,381 Canadian Imperial Bank of Commerce................. 1,227 85,147 Canadian National Railway Co.(136375102)........... 1,058 69,807 Canadian National Railway Co.(2180632)............. 1,200 79,062 Canadian Natural Resources, Ltd.(136385101)........ 6,871 198,847 Canadian Natural Resources, Ltd.(2171573).......... 3,474 100,718 Canadian Oil Sands, Ltd............................ 2,753 17,007 # Canadian Pacific Railway, Ltd...................... 300 52,287 # Canadian Tire Corp., Ltd. Class A.................. 596 54,966 Canadian Utilities, Ltd. Class A................... 600 19,893 # Canadian Western Bank.............................. 1,800 36,504 Canam Group, Inc. Class A.......................... 1,300 11,407 CanElson Drilling, Inc............................. 2,100 5,338 * Canfor Corp........................................ 830 20,739 Canfor Pulp Products, Inc.......................... 1,000 12,395 Canyon Services Group, Inc......................... 898 4,982 Capital Power Corp................................. 1,079 21,475 # Capstone Infrastructure Corp....................... 4,729 12,542 * Capstone Mining Corp............................... 9,500 8,672 Cascades, Inc...................................... 2,400 14,826 CCL Industries, Inc. Class B....................... 395 40,830 * Celestica, Inc..................................... 4,223 47,325 Cenovus Energy, Inc.(15135U109).................... 1,685 31,830 Cenovus Energy, Inc.(B57FG04)...................... 2,057 38,964 Centerra Gold, Inc................................. 2,615 15,681 #* Cequence Energy, Ltd............................... 3,200 2,191 Cervus Equipment Corp.............................. 600 9,033 * CGI Group, Inc. Class A............................ 1,483 58,762 * China Gold International Resources Corp., Ltd...... 4,400 7,514 895 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- CANADA -- (Continued) * Chinook Energy, Inc................................ 61 $ 55 # CI Financial Corp.................................. 1,256 32,025 # Cineplex, Inc...................................... 800 28,450 # Cogeco Cable, Inc.................................. 700 40,214 COM DEV International, Ltd......................... 3,200 9,721 Constellation Software, Inc........................ 187 51,815 #* Corridor Resources, Inc............................ 500 350 # Corus Entertainment, Inc. Class B.................. 1,500 25,462 Cott Corp.......................................... 300 2,281 # Crescent Point Energy Corp......................... 2,356 55,994 * Crew Energy, Inc................................... 2,714 11,170 #* Denison Mines Corp................................. 4,500 3,860 DH Corp............................................ 1,084 30,276 Dollarama, Inc..................................... 700 33,245 * Dominion Diamond Corp.(257287102).................. 1,691 28,071 * Dominion Diamond Corp.(B95LX89).................... 500 8,306 Dorel Industries, Inc. Class B..................... 485 13,897 #* DragonWave, Inc.................................... 1,657 1,330 * Dundee Precious Metals, Inc........................ 2,800 7,889 E-L Financial Corp., Ltd........................... 34 18,114 Eldorado Gold Corp................................. 13,404 64,346 # Emera, Inc......................................... 656 21,466 Empire Co., Ltd.................................... 700 50,956 # Enbridge Income Fund Holdings, Inc................. 500 16,200 Enbridge, Inc.(29250N105).......................... 604 29,252 Enbridge, Inc.(2466149)............................ 1,248 60,450 Encana Corp........................................ 7,921 96,870 Enerflex, Ltd...................................... 1,364 17,175 #* Energy Fuels, Inc.................................. 100 452 Enerplus Corp.(292766102).......................... 3,726 36,515 # Enerplus Corp.(B584T89)............................ 1,585 15,380 Ensign Energy Services, Inc........................ 3,401 23,580 Equitable Group, Inc............................... 300 13,079 #* Essential Energy Services Trust.................... 4,177 4,306 # Evertz Technologies, Ltd........................... 722 10,369 Fairfax Financial Holdings, Ltd.................... 150 79,680 Finning International, Inc......................... 3,711 61,183 First Capital Realty, Inc.......................... 722 11,091 First Quantum Minerals, Ltd........................ 3,789 34,557 FirstService Corp.................................. 805 42,350 # Fortis, Inc........................................ 900 29,684 * Fortuna Silver Mines, Inc.......................... 3,500 16,967 # Genworth MI Canada, Inc............................ 1,089 27,099 George Weston, Ltd................................. 339 26,870 Gibson Energy, Inc................................. 1,728 30,747 Gildan Activewear, Inc............................. 59 3,444 Gluskin Sheff + Associates, Inc.................... 1,000 20,839 Goldcorp, Inc.(380956409).......................... 1,176 28,259 Goldcorp, Inc.(2676302)............................ 2,620 63,278 #* Golden Star Resources, Ltd......................... 8,100 2,550 * Gran Tierra Energy, Inc............................ 5,979 12,940 Great-West Lifeco, Inc............................. 1,400 35,488 * Heroux-Devtek, Inc................................. 1,000 8,893 896 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Home Capital Group, Inc............................ 800 $ 26,442 HudBay Minerals, Inc............................... 4,699 34,206 Husky Energy, Inc.................................. 2,500 53,809 * IAMGOLD Corp.(450913108)........................... 326 870 * IAMGOLD Corp.(2446646)............................. 2,605 6,970 # IGM Financial, Inc................................. 400 13,728 #* Imax Corp.(45245E109).............................. 533 17,765 #* Imax Corp.(2014258)................................ 200 6,666 #* Imperial Metals Corp............................... 2,300 16,200 Imperial Oil, Ltd.(453038408)...................... 698 25,903 Imperial Oil, Ltd.(2454241)........................ 600 22,306 # Industrial Alliance Insurance & Financial Services, Inc.................................... 1,873 59,638 # Innergex Renewable Energy, Inc..................... 1,785 16,744 Intact Financial Corp.............................. 943 63,020 # Inter Pipeline, Ltd................................ 800 20,801 * Interfor Corp...................................... 2,000 34,941 Intertape Polymer Group, Inc....................... 2,000 29,511 #* Ithaca Energy, Inc................................. 9,000 8,570 #* Ivanhoe Energy, Inc................................ 186 69 # Just Energy Group, Inc............................. 2,100 10,659 * Kelt Exploration, Ltd.............................. 700 3,471 Keyera Corp........................................ 500 29,511 # Killam Properties, Inc............................. 1,172 10,247 * Kingsway Financial Services, Inc................... 425 2,458 * Kinross Gold Corp.................................. 10,480 35,546 #* Kirkland Lake Gold, Inc............................ 500 1,775 Laurentian Bank of Canada.......................... 1,000 36,838 #* Legacy Oil + Gas, Inc.............................. 4,196 5,085 Leon's Furniture, Ltd.............................. 400 6,028 # Lightstream Resources, Ltd......................... 5,418 3,240 Linamar Corp....................................... 1,008 57,742 # Liquor Stores N.A., Ltd............................ 758 9,139 Loblaw Cos., Ltd................................... 900 44,713 # Long Run Exploration, Ltd.......................... 2,737 2,283 * Lundin Mining Corp................................. 8,289 29,485 MacDonald Dettwiler & Associates, Ltd.............. 366 26,885 Magna International, Inc........................... 989 95,024 Major Drilling Group International, Inc............ 2,473 13,234 # Manitoba Telecom Services, Inc..................... 500 10,093 Manulife Financial Corp.(56501R106)................ 5,745 92,380 Manulife Financial Corp.(2492519).................. 6,324 101,427 Maple Leaf Foods, Inc.............................. 3,800 60,946 Martinrea International, Inc....................... 3,400 25,232 * Maxim Power Corp................................... 1,600 3,299 * MEG Energy Corp.................................... 1,128 17,204 Methanex Corp...................................... 555 24,529 Metro, Inc......................................... 1,183 93,620 Morneau Shepell, Inc............................... 911 12,274 # Mullen Group, Ltd.................................. 2,700 43,325 # National Bank of Canada............................ 2,400 83,500 # New Flyer Industries, Inc.......................... 1,600 17,275 * New Gold, Inc.(2826947)............................ 5,860 25,687 * New Gold, Inc.(644535106).......................... 1,500 6,540 897 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) # Newalta Corp....................................... 1,319 $ 13,754 #* Niko Resources, Ltd................................ 200 39 # Norbord, Inc....................................... 330 7,344 #* North American Palladium, Ltd...................... 2,000 338 North West Co., Inc. (The)......................... 1,200 25,082 # Northland Power, Inc............................... 2,900 39,026 #* Novagold Resources, Inc............................ 5,164 19,629 * NuVista Energy, Ltd................................ 2,462 13,834 * OceanaGold Corp.................................... 6,600 14,543 Open Text Corp..................................... 809 45,877 # Osisko Gold Royalties, Ltd......................... 848 11,404 # Pacific Rubiales Energy Corp....................... 6,323 14,679 Pan American Silver Corp.(697900108)............... 2,197 25,617 Pan American Silver Corp.(2669272)................. 1,530 17,919 * Paramount Resources, Ltd. Class A.................. 600 13,462 * Parex Resources, Inc............................... 3,300 17,867 # Parkland Fuel Corp................................. 1,600 27,563 Pason Systems, Inc................................. 400 5,638 # Pembina Pipeline Corp.(B4PT2P8).................... 300 9,321 Pembina Pipeline Corp.(B4PPQG5).................... 588 18,257 # Pengrowth Energy Corp.............................. 10,136 27,120 # Penn West Petroleum, Ltd.(B63FY34)................. 4,010 6,059 Penn West Petroleum, Ltd.(707887105)............... 2,097 3,125 # Peyto Exploration & Development Corp............... 1,508 38,092 # PHX Energy Services Corp........................... 742 3,638 * Pilot Gold, Inc.................................... 333 293 Pizza Pizza Royalty Corp........................... 400 4,596 * Poseidon Concepts Corp............................. 2,652 1 Potash Corp. of Saskatchewan, Inc.................. 900 32,765 Precision Drilling Corp.(74022D308)................ 3,099 15,805 Precision Drilling Corp.(B5YPLH9).................. 3,406 17,396 # Premium Brands Holdings Corp....................... 700 13,491 #* Primero Mining Corp................................ 2,884 11,575 Progressive Waste Solutions, Ltd.(B3DJGB7)......... 1,163 33,187 Progressive Waste Solutions, Ltd.(74339G101)....... 400 11,408 Quebecor, Inc. Class B............................. 900 22,558 Reitmans Canada, Ltd. Class A...................... 1,944 12,392 * Restaurant Brands International, Inc............... 328 12,712 Richelieu Hardware, Ltd............................ 300 13,986 * RMP Energy, Inc.................................... 3,700 12,608 # Rogers Communications, Inc. Class B................ 600 21,333 # Rogers Sugar, Inc.................................. 100 360 RONA, Inc.......................................... 3,000 30,196 Royal Bank of Canada............................... 4,751 268,228 Russel Metals, Inc................................. 1,200 22,117 * Sandvine Corp...................................... 5,500 14,024 Saputo, Inc........................................ 2,100 60,387 Savanna Energy Services Corp....................... 4,900 8,676 Secure Energy Services, Inc........................ 840 9,751 * SEMAFO, Inc........................................ 4,000 14,008 Shaw Communications, Inc. Class B.................. 3,396 78,583 ShawCor, Ltd....................................... 752 20,654 Sherritt International Corp........................ 7,600 12,799 898 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * Silver Standard Resources, Inc..................... 400 $ 2,465 Silver Wheaton Corp................................ 1,000 22,972 # Sprott, Inc........................................ 9,450 20,823 Stantec, Inc....................................... 1,000 24,593 Stella-Jones, Inc.................................. 1,000 28,551 # Student Transportation, Inc........................ 127 706 Suncor Energy, Inc.(B3NB1P2)....................... 8,691 259,218 Suncor Energy, Inc.(867224107)..................... 4,814 143,505 * SunOpta, Inc....................................... 1,500 15,690 # Superior Plus Corp................................. 2,984 28,649 # Surge Energy, Inc.................................. 5,100 10,315 #* TAG Oil, Ltd....................................... 1,728 1,958 Talisman Energy, Inc.(2068299)..................... 6,200 46,743 Talisman Energy, Inc.(87425E103)................... 5,019 37,743 * Taseko Mines, Ltd.................................. 4,300 3,079 Teck Resources, Ltd. Class B(2879327).............. 3,938 50,980 Teck Resources, Ltd. Class B(878742204)............ 389 5,010 TELUS Corp......................................... 712 24,424 #* Teranga Gold Corp.................................. 6,408 3,045 * Thompson Creek Metals Co., Inc..................... 5,100 6,341 # Thomson Reuters Corp............................... 1,928 73,982 * Timmins Gold Corp.................................. 4,500 4,922 # TMX Group, Ltd..................................... 201 7,446 TORC Oil & Gas, Ltd................................ 2,700 17,530 Toromont Industries, Ltd........................... 600 13,042 Toronto-Dominion Bank (The)(2897222)............... 4,332 172,503 Toronto-Dominion Bank (The)(891160509)............. 1,378 54,886 Torstar Corp. Class B.............................. 1,100 5,938 Total Energy Services, Inc......................... 194 1,992 * Tourmaline Oil Corp................................ 1,095 30,112 # TransAlta Corp.(2901628)........................... 4,501 39,389 TransAlta Corp.(89346D107)......................... 777 6,783 TransCanada Corp................................... 1,448 64,429 Transcontinental, Inc. Class A..................... 1,600 19,051 TransForce, Inc.................................... 1,800 40,853 # TransGlobe Energy Corp............................. 1,844 5,369 Trican Well Service, Ltd........................... 4,600 17,738 Trinidad Drilling, Ltd............................. 3,327 11,180 * Turquoise Hill Resources, Ltd...................... 10,608 30,805 # Twin Butte Energy, Ltd............................. 4,316 2,446 Uni-Select, Inc.................................... 300 7,437 # Valener, Inc....................................... 1,300 17,320 # Veresen, Inc....................................... 1,508 19,190 # Vermilion Energy, Inc.............................. 200 8,809 * Wesdome Gold Mines, Ltd............................ 8,700 8,901 West Fraser Timber Co., Ltd........................ 900 51,690 Westshore Terminals Investment Corp................ 318 8,008 Whistler Blackcomb Holdings, Inc................... 1,100 17,296 # Whitecap Resources, Inc............................ 4,196 40,979 Wi-Lan, Inc........................................ 2,661 7,141 # WSP Global, Inc.................................... 800 21,638 Yamana Gold, Inc................................... 5,432 22,487 899 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) # Zargon Oil & Gas, Ltd.............................. 1,452 $ 4,502 ---------- TOTAL CANADA........................................... 8,439,560 ---------- CHINA -- (0.0%) * Hanfeng Evergreen, Inc............................. 1,400 143 ---------- DENMARK -- (1.0%) * Alm Brand A.S...................................... 3,000 15,531 AP Moeller - Maersk A.S. Class A................... 10 19,569 AP Moeller - Maersk A.S. Class B................... 40 80,830 * Auriga Industries A.S. Class B..................... 600 28,392 #* Bang & Olufsen A.S................................. 670 4,634 Chr Hansen Holding A.S............................. 1,563 64,950 # D/S Norden A.S..................................... 429 8,872 Danske Bank A.S.................................... 2,185 56,553 DSV A.S............................................ 3,026 95,312 East Asiatic Co., Ltd. A.S......................... 400 3,160 # FLSmidth & Co. A.S................................. 581 24,547 * Jyske Bank A.S..................................... 1,470 66,537 NKT Holding A.S.................................... 417 21,420 Novozymes A.S. Class B............................. 1,400 63,846 Pandora A.S........................................ 654 46,753 PER Aarsleff A.S. Class B.......................... 65 14,611 Ringkjoebing Landbobank A.S........................ 160 30,087 Rockwool International A.S. Class B................ 132 14,095 Schouw & Co........................................ 300 13,923 SimCorp A.S........................................ 600 17,437 Solar A.S. Class B................................. 125 5,521 Spar Nord Bank A.S................................. 3,439 31,007 * Sydbank A.S........................................ 2,214 62,367 TDC A.S............................................ 13,635 100,910 * Topdanmark A.S..................................... 1,775 59,396 Tryg A.S........................................... 230 26,932 United International Enterprises................... 32 4,798 * Vestas Wind Systems A.S............................ 2,631 102,224 * Vestjysk Bank A.S.................................. 250 326 ---------- TOTAL DENMARK.......................................... 1,084,540 ---------- FINLAND -- (1.8%) Ahlstrom Oyj....................................... 445 4,020 Alma Media Oyj..................................... 1,213 4,151 Amer Sports Oyj.................................... 2,045 39,003 Atria Oyj.......................................... 595 5,200 # Cargotec Oyj....................................... 1,344 43,052 Caverion Corp...................................... 1,551 14,497 Citycon Oyj........................................ 6,944 23,544 Cramo Oyj.......................................... 564 8,697 Elisa Oyj.......................................... 1,396 37,133 F-Secure Oyj....................................... 7,129 18,431 * Finnair Oyj........................................ 1,332 4,957 # Fiskars Oyj Abp.................................... 868 18,226 Fortum Oyj......................................... 4,870 103,881 Huhtamaki Oyj...................................... 2,364 64,810 900 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FINLAND -- (Continued) Kemira Oyj......................................... 1,740 $ 19,907 Kesko Oyj Class A.................................. 401 14,006 Kesko Oyj Class B.................................. 1,418 51,817 Kone Oyj Class B................................... 1,636 73,787 Konecranes Oyj..................................... 1,023 31,166 Lassila & Tikanoja Oyj............................. 606 12,138 Metsa Board Oyj.................................... 1,433 8,563 Metso Oyj.......................................... 1,606 48,863 Metso Oyj Sponsored ADR............................ 700 21,441 Munksjo Oyj........................................ 245 2,597 Neste Oil Oyj...................................... 3,538 98,386 Nokia Oyj.......................................... 43,552 334,938 # Nokian Renkaat Oyj................................. 1,186 29,229 #* Outokumpu Oyj...................................... 5,944 32,159 # Outotec Oyj........................................ 3,383 19,590 PKC Group Oyj...................................... 691 15,018 * Poyry Oyj.......................................... 726 2,388 Raisio Oyj Class V................................. 5,314 25,531 Ramirent Oyj....................................... 1,350 11,146 Sampo Oyj Class A.................................. 1,662 80,494 Sanoma Oyj......................................... 2,100 13,224 Stockmann Oyj Abp(5462371)......................... 1,273 9,611 Stockmann Oyj Abp(5462393)......................... 646 4,482 Stora Enso Oyj Class R............................. 3,612 35,045 Stora Enso Oyj Sponsored ADR....................... 9,200 89,332 Technopolis Oyj.................................... 2,391 10,838 Tieto Oyj.......................................... 1,749 42,980 Tikkurila Oyj...................................... 1,187 21,418 UPM-Kymmene Oyj.................................... 2,691 47,301 UPM-Kymmene Oyj Sponsored ADR...................... 7,100 124,676 Uponor Oyj......................................... 782 11,917 Vaisala Oyj Class A................................ 214 5,471 Valmet OYJ......................................... 809 10,417 Wartsila Oyj Abp................................... 1,678 77,788 # YIT Oyj............................................ 1,551 9,034 ---------- TOTAL FINLAND.......................................... 1,836,300 ---------- FRANCE -- (7.6%) Accor SA........................................... 682 33,907 #* Air France-KLM..................................... 2,302 20,270 Albioma SA......................................... 1,126 20,924 * Alcatel-Lucent..................................... 10,487 36,297 * Alcatel-Lucent Sponsored ADR....................... 4,700 16,215 * Alstom SA.......................................... 1,737 56,598 Alten SA........................................... 652 27,309 Altran Technologies SA............................. 3,293 29,145 April SA........................................... 199 2,473 Arkema SA.......................................... 1,029 73,403 Assystem........................................... 430 8,406 AtoS............................................... 1,601 117,721 AXA SA............................................. 10,250 239,767 * Beneteau SA........................................ 1,606 23,397 BNP Paribas SA..................................... 4,597 241,367 901 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- FRANCE -- (Continued) Bollore SA......................................... 15,505 $ 66,733 Bonduelle S.C.A.................................... 159 3,584 Bongrain SA........................................ 112 6,820 Bouygues SA........................................ 2,961 105,515 Bureau Veritas SA.................................. 935 19,799 Cap Gemini SA...................................... 872 63,290 Carrefour SA....................................... 4,908 153,796 Casino Guichard Perrachon SA....................... 720 65,320 Cegid Group........................................ 257 9,253 #* CGG SA Sponsored ADR............................... 3,000 16,830 Christian Dior SA.................................. 181 31,130 Cie de Saint-Gobain................................ 3,457 147,271 Cie Generale des Etablissements Michelin........... 2,932 285,524 * Club Mediterranee SA............................... 316 8,806 CNP Assurances..................................... 2,336 41,010 Credit Agricole SA................................. 9,814 116,391 Danone SA.......................................... 1,153 77,379 Dassault Systemes SA............................... 560 34,605 Derichebourg SA.................................... 2,685 10,438 Edenred............................................ 1,663 47,796 Eiffage SA......................................... 799 38,901 Electricite de France SA........................... 2,202 59,694 #* Eramet............................................. 65 5,206 * Esso SA Francaise.................................. 76 3,144 * Etablissements Maurel et Prom...................... 3,472 28,045 Euler Hermes Group................................. 391 38,290 European Aeronautic Defence and Space Co. NV....... 1,424 75,871 Eutelsat Communications SA......................... 1,910 65,615 Faiveley Transport SA.............................. 384 23,294 Faurecia........................................... 2,196 88,205 Fimalac............................................ 48 3,783 GDF Suez........................................... 16,372 363,104 Groupe Eurotunnel SE............................... 9,289 124,721 * Groupe Fnac........................................ 77 3,862 # Hermes International............................... 47 15,950 Iliad SA........................................... 101 23,459 Imerys SA.......................................... 787 56,825 # Ingenico........................................... 463 48,403 IPSOS.............................................. 595 15,503 JCDecaux SA........................................ 1,391 50,049 Kering............................................. 413 83,328 L'Oreal SA......................................... 377 67,409 Lafarge SA Sponsored ADR........................... 3,919 66,858 Lagardere SCA...................................... 2,488 68,049 Legrand SA......................................... 1,383 74,136 LISI............................................... 390 9,686 LVMH Moet Hennessy Louis Vuitton SA................ 841 135,253 * Manitou BF SA...................................... 989 14,519 Mersen............................................. 561 13,253 Metropole Television SA............................ 1,252 22,891 Montupet........................................... 358 28,410 Natixis SA......................................... 7,935 50,466 # Naturex............................................ 274 14,337 902 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- FRANCE -- (Continued) Neopost SA......................................... 479 $ 24,853 * Nexans SA.......................................... 940 29,606 Nexity SA.......................................... 653 25,712 Norbert Dentressangle SA........................... 110 16,229 Orange SA(5176177)................................. 14,360 252,637 Orange SA(684060106)............................... 2,675 47,027 #* Orco Property Group SA............................. 4,822 1,954 * Parrot SA.......................................... 411 8,816 * Peugeot SA......................................... 10,026 144,519 * Pierre & Vacances SA............................... 114 3,253 Plastic Omnium SA.................................. 1,743 50,041 Publicis Groupe SA ADR............................. 2,600 49,010 Rallye SA.......................................... 796 29,847 Renault SA......................................... 1,352 103,328 Rexel SA........................................... 3,443 64,328 Rubis SCA.......................................... 812 47,092 Safran SA.......................................... 921 61,338 Saft Groupe SA..................................... 295 9,410 Schneider Electric SE(B11BPS1)..................... 213 15,973 Schneider Electric SE(4834108)..................... 1,009 75,848 SCOR SE............................................ 2,614 81,374 SEB SA............................................. 536 36,680 * Sequana SA......................................... 436 1,258 SES SA............................................. 1,679 61,163 Societe BIC SA..................................... 279 39,670 Societe d'Edition de Canal +....................... 1,412 9,511 Societe Generale SA................................ 3,403 136,652 Societe Television Francaise 1..................... 2,017 31,751 # Sodexo SA.......................................... 519 51,492 #* SOITEC............................................. 7,482 7,424 * Solocal Group...................................... 5,036 4,227 Somfy SA........................................... 55 13,961 Sopra Steria Group................................. 182 14,153 Stef SA............................................ 282 16,254 # STMicroelectronics NV(2430025)..................... 6,800 56,440 STMicroelectronics NV(5962332)..................... 6,164 51,182 Suez Environnement Co.............................. 3,128 57,500 Technip SA......................................... 293 17,110 Technip SA ADR..................................... 1,900 28,234 Teleperformance.................................... 1,286 92,137 Thales SA.......................................... 513 27,016 Total SA........................................... 15,752 808,559 Total SA Sponsored ADR............................. 6,258 322,350 Trigano SA......................................... 655 19,550 * UBISOFT Entertainment.............................. 3,256 65,359 Valeo SA........................................... 893 125,914 Vallourec SA....................................... 2,404 52,160 Veolia Environnement SA............................ 1,171 21,452 Veolia Environnement SA ADR........................ 635 11,589 Vicat.............................................. 469 32,938 Vilmorin & Cie SA.................................. 213 18,741 Vinci SA........................................... 3,758 197,423 Vivendi SA......................................... 5,836 138,004 903 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Zodiac Aerospace................................... 1,760 $ 58,371 ---------- TOTAL FRANCE........................................... 7,807,428 ---------- GERMANY -- (6.4%) Aareal Bank AG..................................... 1,390 52,634 Adidas AG.......................................... 1,038 71,422 * Aixtron SE Sponsored ADR........................... 300 2,355 Allianz SE......................................... 1,820 300,102 Amadeus Fire AG.................................... 281 20,904 Aurubis AG......................................... 1,028 55,731 Axel Springer SE................................... 764 46,979 BASF SE............................................ 4,646 415,527 * Bauer AG........................................... 343 6,276 Bayerische Motoren Werke AG........................ 3,166 368,176 BayWa AG........................................... 360 14,161 Bechtle AG......................................... 306 25,859 Beiersdorf AG...................................... 364 31,949 Bertrandt AG....................................... 72 9,464 Bijou Brigitte AG.................................. 112 6,748 Bilfinger SE....................................... 761 39,757 Brenntag AG........................................ 1,227 66,792 # CANCOM SE.......................................... 1,324 56,630 Cewe Stiftung & Co. KGAA........................... 287 16,823 Comdirect Bank AG.................................. 1,445 14,358 * Commerzbank AG..................................... 6,741 80,815 Continental AG..................................... 413 93,192 CTS Eventim AG & Co. KGaA.......................... 714 20,422 Daimler AG......................................... 7,938 718,903 Deutsche Bank AG(D18190898)........................ 5,059 146,610 Deutsche Bank AG(5750355).......................... 233 6,763 Deutsche Boerse AG................................. 795 60,961 Deutsche Lufthansa AG.............................. 5,573 94,261 Deutsche Post AG................................... 2,363 76,474 Deutsche Telekom AG................................ 29,042 500,629 Deutsche Wohnen AG................................. 3,071 79,773 Deutz AG........................................... 2,362 10,889 * Dialog Semiconductor P.L.C......................... 1,528 58,438 DMG Mori Seiki AG.................................. 1,383 45,301 Duerr AG........................................... 272 24,755 E.ON SE............................................ 1,106 17,121 E.ON SE Sponsored ADR.............................. 7,421 113,987 ElringKlinger AG................................... 969 33,763 Fielmann AG........................................ 278 18,896 Fraport AG Frankfurt Airport Services Worldwide.... 799 48,821 Freenet AG......................................... 2,927 87,153 Fuchs Petrolub SE.................................. 430 16,239 GEA Group AG....................................... 1,442 65,179 GFK SE............................................. 297 11,825 Grammer AG......................................... 503 20,004 Grenkeleasing AG................................... 247 26,442 Hamburger Hafen und Logistik AG.................... 706 14,505 Hannover Rueck SE.................................. 301 26,978 HeidelbergCement AG................................ 1,047 76,996 904 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) #* Heidelberger Druckmaschinen AG..................... 4,410 $ 10,353 Henkel AG & Co. KGaA............................... 266 27,218 Hochtief AG........................................ 664 46,178 Hugo Boss AG....................................... 428 55,259 Indus Holding AG................................... 565 24,645 Infineon Technologies AG........................... 9,758 109,356 Jenoptik AG........................................ 847 11,333 K+S AG............................................. 3,195 100,876 * Kloeckner & Co. SE................................. 2,316 23,863 * Kontron AG......................................... 1,112 6,574 Krones AG.......................................... 229 21,680 # KUKA AG............................................ 521 35,221 KWS Saat AG........................................ 62 18,946 Lanxess AG......................................... 1,758 84,266 Leoni AG........................................... 751 46,852 Linde AG........................................... 934 178,927 MAN SE............................................. 252 26,867 * Metro AG........................................... 2,184 67,205 MLP AG............................................. 505 2,003 MTU Aero Engines AG................................ 939 85,906 Muenchener Rueckversicherungs-Gesellschaft AG...... 701 140,538 * Nordex SE.......................................... 1,346 25,978 Norma Group SE..................................... 398 19,736 * Osram Licht AG..................................... 1,507 69,256 * Patrizia Immobilien AG............................. 3,110 54,529 Pfeiffer Vacuum Technology AG...................... 303 27,210 Puma SE............................................ 101 19,223 QSC AG............................................. 4,809 9,547 Rational AG........................................ 59 19,418 Rheinmetall AG..................................... 925 40,028 RWE AG............................................. 8,756 242,886 SAF-Holland SA..................................... 1,209 17,854 Salzgitter AG...................................... 796 21,700 SAP SE............................................. 896 58,480 SAP SE Sponsored ADR............................... 187 12,222 Schaltbau Holding AG............................... 174 8,941 * SGL Carbon SE...................................... 671 10,654 * Singulus Technologies AG........................... 2,333 2,237 Sixt SE............................................ 798 30,921 Software AG........................................ 1,169 30,940 Stroeer Media SE................................... 706 20,549 # Suedzucker AG...................................... 686 8,626 Symrise AG......................................... 746 48,828 # TAG Immobilien AG.................................. 1,284 16,678 Takkt AG........................................... 583 9,927 * Talanx AG.......................................... 814 24,791 Telefonica Deutschland Holding AG.................. 5,114 28,371 #* ThyssenKrupp AG.................................... 3,084 80,118 * Tom Tailor Holding AG.............................. 936 11,492 United Internet AG................................. 1,164 50,425 Volkswagen AG...................................... 339 75,267 # Vossloh AG......................................... 324 20,745 # Wacker Chemie AG................................... 409 43,793 905 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- GERMANY -- (Continued) Wacker Neuson SE................................... 532 $ 10,775 Wincor Nixdorf AG.................................. 382 17,506 XING AG............................................ 104 12,698 ---------- TOTAL GERMANY.......................................... 6,545,157 ---------- GREECE -- (0.0%) * T Bank SA.......................................... 8,910 -- ---------- HONG KONG -- (2.7%) APT Satellite Holdings, Ltd........................ 13,000 17,681 ASM Pacific Technology, Ltd........................ 2,800 25,294 Associated International Hotels, Ltd............... 6,000 18,069 Bank of East Asia, Ltd............................. 14,264 59,269 BOC Hong Kong Holdings, Ltd........................ 22,500 78,867 #* Brightoil Petroleum Holdings, Ltd.................. 87,000 21,132 Cafe de Coral Holdings, Ltd........................ 10,000 36,811 Cathay Pacific Airways, Ltd........................ 12,000 27,905 Cheung Kong Holdings, Ltd.......................... 5,000 95,414 Cheung Kong Infrastructure Holdings, Ltd........... 6,000 49,244 * China Billion Resources, Ltd....................... 112,480 -- * China Energy Development Holdings, Ltd............. 176,000 3,345 Chow Sang Sang Holdings International, Ltd......... 5,000 13,251 # Chow Tai Fook Jewellery Group, Ltd................. 3,200 4,234 Chuang's Consortium International, Ltd............. 93,642 11,608 CITIC Telecom International Holdings, Ltd.......... 8,000 2,472 CLP Holdings, Ltd.................................. 5,000 44,702 Dah Sing Banking Group, Ltd........................ 8,960 14,948 Dah Sing Financial Holdings, Ltd................... 4,576 26,347 Esprit Holdings, Ltd............................... 35,700 40,362 Far East Consortium International, Ltd............. 37,000 14,459 * FIH Mobile, Ltd.................................... 55,000 24,467 First Pacific Co., Ltd............................. 55,600 56,420 # Future Bright Holdings, Ltd........................ 30,000 7,787 * G-Resources Group, Ltd............................. 1,184,400 33,605 Giordano International, Ltd........................ 20,000 9,463 * Global Brands Group Holding, Ltd................... 30,000 5,652 Guangnan Holdings, Ltd............................. 40,000 5,714 Hang Lung Group, Ltd............................... 12,000 57,225 Hang Lung Properties, Ltd.......................... 16,000 46,839 Hang Seng Bank, Ltd................................ 3,100 54,215 Henderson Land Development Co., Ltd................ 17,672 126,549 Hong Kong & China Gas Co., Ltd..................... 14,762 33,842 Hong Kong Aircraft Engineering Co., Ltd............ 1,200 13,260 Hong Kong Exchanges and Clearing, Ltd.............. 2,560 58,919 Hongkong & Shanghai Hotels (The)................... 11,096 15,874 Hopewell Holdings, Ltd............................. 14,000 52,467 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 15,000 6,862 Hysan Development Co., Ltd......................... 8,000 38,768 Johnson Electric Holdings, Ltd..................... 9,375 34,106 K Wah International Holdings, Ltd.................. 45,000 24,279 Kerry Logistics Network, Ltd....................... 6,500 9,914 Kerry Properties, Ltd.............................. 13,000 46,187 Kowloon Development Co., Ltd....................... 10,000 11,667 906 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- HONG KONG -- (Continued) L'Occitane International SA........................ 9,250 $ 23,343 Lai Sun Development Co., Ltd....................... 143,000 3,200 Li & Fung, Ltd..................................... 30,000 29,612 Lifestyle International Holdings, Ltd.............. 4,500 8,856 # Liu Chong Hing Investment, Ltd..................... 12,000 14,799 Luk Fook Holdings International, Ltd............... 8,000 29,842 Man Wah Holdings, Ltd.............................. 32,000 27,283 #* Midland Holdings, Ltd.............................. 46,000 23,198 * Mongolian Mining Corp.............................. 305,000 12,060 MTR Corp., Ltd..................................... 7,053 31,245 New World Development Co., Ltd..................... 52,385 62,591 # Newocean Energy Holdings, Ltd...................... 42,000 15,448 NWS Holdings, Ltd.................................. 34,750 64,315 Orient Overseas International, Ltd................. 6,000 39,102 Pacific Basin Shipping, Ltd........................ 42,000 15,488 Pacific Textile Holdings, Ltd...................... 15,000 20,695 PCCW, Ltd.......................................... 45,000 29,736 # Pico Far East Holdings, Ltd........................ 14,000 3,142 Power Assets Holdings, Ltd......................... 2,500 26,084 # Prada SpA.......................................... 2,700 15,835 Regal Hotels International Holdings, Ltd........... 24,600 15,284 # SA SA International Holdings, Ltd.................. 28,000 18,052 Samsonite International SA......................... 17,400 52,807 Shangri-La Asia, Ltd............................... 33,500 43,401 Shun Tak Holdings, Ltd............................. 27,500 12,567 Singamas Container Holdings, Ltd................... 42,000 6,763 Sino Land Co., Ltd................................. 28,800 48,310 SmarTone Telecommunications Holdings, Ltd.......... 16,500 28,929 * SOCAM Development, Ltd............................. 4,000 3,635 Stella International Holdings, Ltd................. 10,000 26,137 Sun Hung Kai & Co., Ltd............................ 11,619 10,418 Sun Hung Kai Properties, Ltd....................... 6,134 99,657 Swire Pacific, Ltd. Class A........................ 1,500 20,087 Swire Pacific, Ltd. Class B........................ 5,000 12,215 Swire Properties, Ltd.............................. 10,000 32,297 Techtronic Industries Co., Ltd..................... 21,500 70,214 Television Broadcasts, Ltd......................... 5,100 31,690 Texwinca Holdings, Ltd............................. 14,000 11,533 Transport International Holdings, Ltd.............. 4,000 9,863 Trinity, Ltd....................................... 64,000 12,462 Value Partners Group, Ltd.......................... 40,000 33,991 Varitronix International, Ltd...................... 17,000 11,587 Victory City International Holdings, Ltd........... 14,000 1,993 Vitasoy International Holdings, Ltd................ 18,000 24,960 # VTech Holdings, Ltd................................ 2,200 30,912 Wharf Holdings, Ltd. (The)......................... 12,625 102,684 Wheelock & Co., Ltd................................ 13,000 73,718 Xinyi Glass Holdings, Ltd.......................... 32,000 16,873 # Xinyi Solar Holdings, Ltd.......................... 32,000 8,831 907 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) Yue Yuen Industrial Holdings, Ltd.................. 15,000 $ 56,300 ---------- TOTAL HONG KONG........................................ 2,803,539 ---------- IRELAND -- (0.5%) * Bank of Ireland.................................... 153,766 46,279 * Bank of Ireland Sponsored ADR...................... 330 3,980 CRH P.L.C.......................................... 3,670 88,541 CRH P.L.C. Sponsored ADR........................... 3,814 92,070 Dragon Oil P.L.C................................... 4,125 34,240 FBD Holdings P.L.C................................. 158 1,962 Glanbia P.L.C...................................... 1,329 21,397 Irish Continental Group P.L.C...................... 3,964 14,655 Kerry Group P.L.C. Class A......................... 667 48,059 Kingspan Group P.L.C.(0492793)..................... 1,183 21,568 Kingspan Group P.L.C.(4491235)..................... 2,318 41,883 Smurfit Kappa Group P.L.C.......................... 3,976 97,751 ---------- TOTAL IRELAND.......................................... 512,385 ---------- ISRAEL -- (0.4%) * Africa Israel Investments, Ltd..................... 1,975 1,746 * AudioCodes, Ltd.................................... 614 3,136 Azrieli Group...................................... 825 28,461 Bank Hapoalim BM................................... 8,228 36,549 * Bank Leumi Le-Israel BM............................ 8,012 26,711 Bezeq The Israeli Telecommunication Corp., Ltd..... 18,184 29,000 Delek Group, Ltd................................... 45 11,007 Elbit Systems, Ltd................................. 328 20,167 Electra, Ltd....................................... 59 6,303 Harel Insurance Investments & Financial Services, Ltd.............................................. 4,420 19,673 Israel Chemicals, Ltd.............................. 1,084 7,789 * Israel Discount Bank, Ltd. Class A................. 20,541 32,093 Ituran Location and Control, Ltd................... 538 11,281 * Jerusalem Oil Exploration.......................... 300 8,882 Menorah Mivtachim Holdings, Ltd.................... 894 7,863 Migdal Insurance & Financial Holding, Ltd.......... 7,718 9,189 * Mizrahi Tefahot Bank, Ltd.......................... 3,321 36,241 * Naphtha Israel Petroleum Corp., Ltd................ 3,305 16,804 NICE Systems, Ltd. Sponsored ADR................... 563 27,559 * Oil Refineries, Ltd................................ 7,964 2,317 Ormat Industries................................... 2,024 14,182 Osem Investments, Ltd.............................. 565 10,010 Paz Oil Co., Ltd................................... 198 25,336 Phoenix Holdings, Ltd. (The)....................... 1,952 5,508 Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 280 11,057 Shikun & Binui, Ltd................................ 5,298 10,034 * Strauss Group, Ltd................................. 1,319 19,319 * Union Bank of Israel............................... 1,193 3,878 ---------- TOTAL ISRAEL........................................... 442,095 ---------- ITALY -- (2.6%) A2A SpA............................................ 16,029 15,277 ACEA SpA........................................... 1,354 15,221 908 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- ITALY -- (Continued) Ansaldo STS SpA.................................... 2,050 $ 20,600 #* Arnoldo Mondadori Editore SpA...................... 1,773 1,848 Assicurazioni Generali SpA......................... 2,591 54,685 # Astaldi SpA........................................ 1,321 8,397 Atlantia SpA....................................... 2,073 53,356 * Autogrill SpA...................................... 3,805 32,505 Azimut Holding SpA................................. 1,510 35,200 * Banca Carige SpA................................... 81,677 5,469 Banca Generali SpA................................. 1,007 28,131 Banca IFIS SpA..................................... 180 3,097 * Banca Monte dei Paschi di Siena SpA................ 9,202 4,160 * Banca Popolare dell'Emilia Romagna SC.............. 10,482 70,692 #* Banca Popolare dell'Etruria e del Lazio SC......... 424 249 * Banca Popolare di Milano Scarl..................... 103,079 82,512 Banca Popolare di Sondrio SCARL.................... 9,550 37,083 * Banco Popolare SC.................................. 7,578 95,635 Brembo SpA......................................... 534 18,819 Buzzi Unicem SpA................................... 2,089 25,646 # Cementir Holding SpA............................... 2,563 17,148 * CIR-Compagnie Industriali Riunite SpA.............. 7,131 7,870 CNH Industrial NV.................................. 2,621 19,953 Credito Emiliano SpA............................... 1,807 14,059 * Credito Valtellinese SC............................ 26,456 29,769 Danieli & C Officine Meccaniche SpA................ 433 10,617 De'Longhi SpA...................................... 720 12,979 Enel Green Power SpA............................... 16,762 33,135 Enel SpA........................................... 14,190 64,116 Eni SpA............................................ 16,433 276,544 Eni SpA Sponsored ADR.............................. 2,146 72,749 ERG SpA............................................ 1,082 12,883 #* Fiat Chrysler Automobiles NV....................... 1,600 21,136 * Finmeccanica SpA................................... 6,992 76,364 #* Geox SpA........................................... 852 2,887 #* Gruppo Editoriale L'Espresso SpA................... 3,978 5,030 Hera SpA........................................... 12,421 30,441 * IMMSI SpA.......................................... 4,196 3,014 Industria Macchine Automatiche SpA................. 246 10,846 Interpump Group SpA................................ 1,758 25,057 Intesa Sanpaolo SpA................................ 67,726 198,048 Iren SpA........................................... 8,189 9,499 Italcementi SpA.................................... 2,021 13,914 Italmobiliare SpA.................................. 246 6,347 Luxottica Group SpA................................ 27 1,606 Luxottica Group SpA Sponsored ADR.................. 600 35,562 MARR SpA........................................... 686 11,988 * Mediaset SpA....................................... 14,069 63,888 Mediobanca SpA..................................... 9,384 81,286 Mediolanum SpA..................................... 2,157 15,339 Parmalat SpA....................................... 3,464 9,809 #* Piaggio & C SpA.................................... 2,131 6,487 Pirelli & C. SpA................................... 3,639 51,597 Prysmian SpA....................................... 2,221 41,085 Reply SpA.......................................... 191 14,777 909 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- ITALY -- (Continued) * Safilo Group SpA................................... 1,177 $ 16,783 #* Saipem SpA......................................... 800 7,197 Salvatore Ferragamo SpA............................ 861 24,925 #* Saras SpA.......................................... 3,877 4,341 Snam SpA........................................... 8,606 42,108 Societa Cattolica di Assicurazioni S.c.r.l......... 4,310 33,241 Societa Iniziative Autostradali e Servizi SpA...... 1,213 12,128 #* Telecom Italia SpA................................. 88,857 103,249 * Telecom Italia SpA Sponsored ADR................... 8,020 92,230 Tenaris SA......................................... 331 9,348 Terna Rete Elettrica Nazionale SpA................. 4,479 19,637 # Tod's SpA.......................................... 194 19,934 UniCredit SpA...................................... 17,008 100,267 Unione di Banche Italiane SCPA..................... 15,735 108,230 Unipol Gruppo Finanziario SpA...................... 6,471 32,635 UnipolSai SpA...................................... 19,389 53,746 Vittoria Assicurazioni SpA......................... 877 9,171 #* World Duty Free SpA................................ 1,015 11,181 * Yoox SpA........................................... 729 15,774 ---------- TOTAL ITALY............................................ 2,632,536 ---------- JAPAN -- (19.8%) 77 Bank, Ltd. (The)................................ 7,000 38,713 ABC-Mart, Inc...................................... 100 4,988 Accordia Golf Co., Ltd............................. 2,400 24,438 Adastria Holdings Co., Ltd......................... 300 7,902 ADEKA Corp......................................... 2,100 25,761 Aderans Co., Ltd................................... 200 1,775 # Advantest Corp..................................... 2,200 27,911 Aeon Co., Ltd...................................... 13,710 144,802 Aeon Delight Co., Ltd.............................. 600 13,438 Ahresty Corp....................................... 800 4,350 Ai Holdings Corp................................... 1,200 20,894 Aica Kogyo Co., Ltd................................ 1,000 22,259 Aichi Bank, Ltd. (The)............................. 200 9,814 Aichi Steel Corp................................... 4,000 16,583 Aida Engineering, Ltd.............................. 500 4,943 Aisan Industry Co., Ltd............................ 1,300 11,334 Aisin Seiki Co., Ltd............................... 2,000 69,871 # Akebono Brake Industry Co., Ltd.................... 6,000 21,184 Akita Bank, Ltd. (The)............................. 5,000 13,865 Alpine Electronics, Inc............................ 1,300 20,105 Alps Electric Co., Ltd............................. 1,300 27,063 Amano Corp......................................... 1,700 18,069 ANA Holdings, Inc.................................. 3,000 8,285 # Anritsu Corp....................................... 2,900 19,014 AOKI Holdings, Inc................................. 1,200 13,925 Aomori Bank, Ltd. (The)............................ 2,000 5,910 Aoyama Trading Co., Ltd............................ 1,200 40,331 # Aozora Bank, Ltd................................... 4,000 14,557 Arakawa Chemical Industries, Ltd................... 900 9,138 Arcs Co., Ltd...................................... 800 16,483 Asahi Diamond Industrial Co., Ltd.................. 1,000 10,195 910 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Asahi Glass Co., Ltd............................... 7,000 $ 37,240 Asahi Holdings, Inc................................ 300 4,452 Asahi Kasei Corp................................... 10,000 98,761 Asatsu-DK, Inc..................................... 700 17,511 Asics Corp......................................... 1,000 24,539 Autobacs Seven Co., Ltd............................ 900 13,177 # Avex Group Holdings, Inc........................... 1,200 20,236 Awa Bank, Ltd. (The)............................... 5,000 26,947 Azbil Corp......................................... 1,400 34,786 # Bank of Iwate, Ltd. (The).......................... 400 16,257 Bank of Kyoto, Ltd. (The).......................... 7,000 58,686 Bank of Nagoya, Ltd. (The)......................... 4,000 14,402 Bank of Okinawa, Ltd. (The)........................ 600 24,008 Bank of Saga, Ltd. (The)........................... 1,000 2,283 Bank of the Ryukyus, Ltd........................... 1,400 19,368 Bank of Yokohama, Ltd. (The)....................... 10,000 53,959 Benesse Holdings, Inc.............................. 700 20,933 Best Denki Co., Ltd................................ 8,100 10,144 # Bic Camera, Inc.................................... 3,100 35,137 Bookoff Corp....................................... 1,500 10,944 Bridgestone Corp................................... 2,800 111,909 Brother Industries, Ltd............................ 1,200 20,551 Calbee, Inc........................................ 400 15,620 Calsonic Kansei Corp............................... 6,000 34,093 Canon Electronics, Inc............................. 600 10,612 Canon Marketing Japan, Inc......................... 1,200 21,805 Canon, Inc......................................... 194 6,137 # Canon, Inc. Sponsored ADR.......................... 2,596 81,800 Capcom Co., Ltd.................................... 1,200 20,105 # Casio Computer Co., Ltd............................ 4,200 65,750 Central Glass Co., Ltd............................. 4,000 16,798 Central Japan Railway Co........................... 300 51,445 Century Tokyo Leasing Corp......................... 1,300 30,736 Chiba Bank, Ltd. (The)............................. 3,000 20,218 Chiba Kogyo Bank, Ltd. (The)....................... 1,500 10,225 Chiyoda Co., Ltd................................... 700 14,893 * Chubu Electric Power Co., Inc...................... 1,800 23,767 Chuetsu Pulp & Paper Co., Ltd...................... 6,000 15,080 Chugoku Bank, Ltd. (The)........................... 3,300 46,942 Chugoku Electric Power Co., Inc. (The)............. 1,200 16,591 Chugoku Marine Paints, Ltd......................... 2,000 17,605 Chukyo Bank, Ltd. (The)............................ 7,000 12,297 Citizen Holdings Co., Ltd.......................... 2,500 19,955 CKD Corp........................................... 2,200 20,956 * CMK Corp........................................... 2,100 5,938 # Coca-Cola East Japan Co., Ltd...................... 1,527 25,425 Coca-Cola West Co., Ltd............................ 1,500 21,455 COMSYS Holdings Corp............................... 1,600 21,767 # Cosmo Oil Co., Ltd................................. 15,000 20,224 Dai Nippon Printing Co., Ltd....................... 4,000 35,974 Dai-ichi Life Insurance Co., Ltd. (The)............ 4,300 57,610 Daibiru Corp....................................... 1,500 13,198 Daicel Corp........................................ 1,000 12,433 911 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) # Daido Steel Co., Ltd............................... 7,000 $27,418 Daifuku Co., Ltd................................... 2,000 22,912 # Daihatsu Motor Co., Ltd............................ 2,100 29,283 Daiichikosho Co., Ltd.............................. 400 11,584 Daikin Industries, Ltd............................. 700 48,710 Daikyo, Inc........................................ 5,000 7,389 Daio Paper Corp.................................... 3,000 25,910 Daisan Bank, Ltd. (The)............................ 7,000 11,607 Daiseki Co., Ltd................................... 200 3,391 Daishi Bank, Ltd. (The)............................ 8,000 26,618 Daito Trust Construction Co., Ltd.................. 300 33,394 Daiwa House Industry Co., Ltd...................... 3,000 55,247 Daiwa Securities Group, Inc........................ 1,000 7,266 Daiwabo Holdings Co., Ltd.......................... 8,000 13,341 DCM Holdings Co., Ltd.............................. 1,800 12,009 # Dena Co., Ltd...................................... 2,900 38,134 Denki Kagaku Kogyo K.K............................. 11,000 43,341 Denso Corp......................................... 1,100 48,662 Dentsu, Inc........................................ 800 32,856 DIC Corp........................................... 10,000 24,758 Disco Corp......................................... 400 36,645 DMG Mori Seiki Co., Ltd............................ 1,100 14,268 Don Quijote Holdings Co., Ltd...................... 300 21,842 Doutor Nichires Holdings Co., Ltd.................. 400 5,685 Dowa Holdings Co., Ltd............................. 2,000 15,969 Dr Ci:Labo Co., Ltd................................ 500 17,178 DTS Corp........................................... 200 4,198 Dunlop Sports Co., Ltd............................. 1,100 12,186 Eagle Industry Co., Ltd............................ 1,300 24,212 East Japan Railway Co.............................. 600 46,343 Ebara Corp......................................... 5,000 19,232 # EDION Corp......................................... 1,800 13,349 # Ehime Bank, Ltd. (The)............................. 6,000 12,756 Eighteenth Bank, Ltd. (The)........................ 4,000 11,562 Eizo Corp.......................................... 500 10,863 Electric Power Development Co., Ltd................ 600 21,857 # Enplas Corp........................................ 500 17,842 Exedy Corp......................................... 1,000 21,991 FamilyMart Co., Ltd................................ 600 25,988 FANUC Corp......................................... 300 50,382 Fast Retailing Co., Ltd............................ 100 37,098 # FCC Co., Ltd....................................... 1,000 19,012 Felissimo Corp..................................... 400 3,388 # FIDEA Holdings Co., Ltd............................ 5,200 9,258 Foster Electric Co., Ltd........................... 500 9,393 FP Corp............................................ 500 17,451 France Bed Holdings Co., Ltd....................... 6,000 9,155 Fuji Electric Co., Ltd............................. 6,000 25,657 Fuji Heavy Industries, Ltd......................... 1,000 36,067 Fuji Oil Co. Ltd/Osaka............................. 1,100 14,133 Fuji Oil Co., Ltd.................................. 2,200 6,559 Fuji Seal International, Inc....................... 400 12,781 Fuji Soft, Inc..................................... 600 12,007 912 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Fujibo Holdings, Inc............................... 5,000 $ 13,178 FUJIFILM Holdings Corp............................. 1,300 43,937 Fujikura, Ltd...................................... 7,000 29,082 Fujimori Kogyo Co., Ltd............................ 300 8,476 # Fujitec Co., Ltd................................... 1,400 14,347 Fujitsu General, Ltd............................... 1,000 9,809 Fujitsu, Ltd....................................... 7,000 36,991 Fukui Bank, Ltd. (The)............................. 7,000 15,617 Fukuoka Financial Group, Inc....................... 3,000 14,972 # Fukuyama Transporting Co., Ltd..................... 5,000 27,958 # Furukawa Electric Co., Ltd......................... 18,000 29,943 Futaba Industrial Co., Ltd......................... 900 4,495 Geo Holdings Corp.................................. 900 8,806 Glory, Ltd......................................... 1,000 26,207 GMO internet, Inc.................................. 2,700 22,293 Godo Steel, Ltd.................................... 6,000 9,655 Goldcrest Co., Ltd................................. 1,200 18,702 # Gree, Inc.......................................... 1,200 6,836 # GS Yuasa Corp...................................... 9,000 40,616 Gulliver International Co., Ltd.................... 1,200 9,524 #* GungHo Online Entertainment, Inc................... 3,500 12,014 Gunma Bank, Ltd. (The)............................. 9,000 59,175 Gunze, Ltd......................................... 5,000 12,952 H2O Retailing Corp................................. 2,945 52,018 Hachijuni Bank, Ltd. (The)......................... 7,000 46,130 Hakuhodo DY Holdings, Inc.......................... 2,200 21,867 Hankyu Hanshin Holdings, Inc....................... 12,000 66,701 Hanwa Co., Ltd..................................... 4,000 14,943 Haseko Corp........................................ 2,200 17,875 Hazama Ando Corp................................... 4,200 27,508 Heiwa Corp......................................... 800 16,092 Heiwa Real Estate Co., Ltd......................... 500 7,115 Heiwado Co., Ltd................................... 1,200 25,442 Higashi-Nippon Bank, Ltd. (The).................... 6,000 16,882 Higo Bank, Ltd. (The).............................. 3,000 16,268 Hikari Tsushin, Inc................................ 200 11,492 Hino Motors, Ltd................................... 1,000 14,158 Hiroshima Bank, Ltd. (The)......................... 11,000 54,716 Hitachi Capital Corp............................... 1,300 25,559 Hitachi Chemical Co., Ltd.......................... 1,300 26,154 Hitachi Construction Machinery Co., Ltd............ 1,500 27,731 Hitachi High-Technologies Corp..................... 400 12,426 Hitachi Koki Co., Ltd.............................. 600 4,321 Hitachi Kokusai Electric, Inc...................... 2,000 27,184 Hitachi Metals, Ltd................................ 1,000 16,295 Hitachi Transport System, Ltd...................... 1,100 14,391 Hitachi Zosen Corp................................. 3,800 20,821 Hitachi, Ltd....................................... 37,000 279,427 #* Hokkaido Electric Power Co., Inc................... 1,600 12,924 Hokkan Holdings, Ltd............................... 5,000 12,714 Hokkoku Bank, Ltd. (The)........................... 7,000 22,334 Hokuetsu Bank, Ltd. (The).......................... 4,000 7,279 Hokuetsu Kishu Paper Co., Ltd...................... 3,600 16,955 913 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Hokuhoku Financial Group, Inc...................... 25,000 $ 51,516 Hokuriku Electric Power Co......................... 1,800 25,438 Hokuto Corp........................................ 1,400 25,768 Honda Motor Co., Ltd............................... 9,500 286,660 Honda Motor Co., Ltd. Sponsored ADR................ 3,554 107,402 Horiba, Ltd........................................ 600 19,543 # House Foods Group, Inc............................. 1,900 38,012 Hoya Corp.......................................... 600 23,252 Hyakugo Bank, Ltd. (The)........................... 4,000 16,936 Hyakujushi Bank, Ltd. (The)........................ 4,000 13,427 Ibiden Co., Ltd.................................... 2,800 42,093 Ichiyoshi Securities Co., Ltd...................... 2,000 20,235 Idec Corp.......................................... 1,300 11,468 Idemitsu Kosan Co., Ltd............................ 2,500 41,730 IHI Corp........................................... 7,000 36,470 Iida Group Holdings Co., Ltd....................... 1,624 20,199 Iino Kaiun Kaisha, Ltd............................. 2,500 14,591 Inaba Denki Sangyo Co., Ltd........................ 600 20,262 Inabata & Co., Ltd................................. 300 2,734 Inageya Co., Ltd................................... 2,000 22,148 # Internet Initiative Japan, Inc..................... 700 14,684 # Iseki & Co., Ltd................................... 5,000 9,539 Isetan Mitsukoshi Holdings, Ltd.................... 5,840 82,807 * Ishihara Sangyo Kaisha, Ltd........................ 13,000 11,285 Isuzu Motors, Ltd.................................. 2,000 26,625 IT Holdings Corp................................... 1,200 19,933 # Ito En, Ltd........................................ 1,000 19,210 ITOCHU Corp........................................ 5,300 53,665 Itochu Enex Co., Ltd............................... 1,800 14,032 Itochu Techno-Solutions Corp....................... 400 14,275 Itoham Foods, Inc.................................. 5,000 28,547 Iwai Cosmo Holdings, Inc........................... 900 10,239 # Iwatani Corp....................................... 7,000 45,191 Iyo Bank, Ltd. (The)............................... 4,300 49,618 J Front Retailing Co., Ltd......................... 3,400 43,327 J-Oil Mills, Inc................................... 3,000 10,729 Japan Exchange Group, Inc.......................... 1,500 34,906 Japan Pulp & Paper Co., Ltd........................ 5,000 14,089 # Japan Steel Works, Ltd. (The)...................... 8,000 32,002 JFE Holdings, Inc.................................. 2,000 44,055 JGC Corp........................................... 1,000 20,338 # Jin Co., Ltd....................................... 500 15,234 Joshin Denki Co., Ltd.............................. 1,000 8,418 Jowa Holdings Co., Ltd............................. 500 15,464 Joyo Bank, Ltd. (The).............................. 6,000 30,157 JSR Corp........................................... 2,100 37,014 JTEKT Corp......................................... 3,200 52,775 Juroku Bank, Ltd. (The)............................ 6,000 19,799 #* JVC Kenwood Corp................................... 1,500 3,556 JX Holdings, Inc................................... 16,790 61,959 # K's Holdings Corp.................................. 700 20,559 * Kadokawa Dwango Corp............................... 934 13,833 Kaga Electronics Co., Ltd.......................... 1,200 15,246 914 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Kagoshima Bank, Ltd. (The)......................... 3,000 $ 18,772 Kajima Corp........................................ 6,000 23,739 # Kakaku.com, Inc.................................... 1,200 16,975 Kameda Seika Co., Ltd.............................. 300 10,117 Kamigumi Co., Ltd.................................. 4,000 39,972 Kanamoto Co., Ltd.................................. 600 15,610 Kandenko Co., Ltd.................................. 4,000 23,647 Kaneka Corp........................................ 8,000 48,829 Kanematsu Corp..................................... 12,000 17,093 * Kansai Electric Power Co., Inc. (The).............. 3,300 31,907 Kansai Paint Co., Ltd.............................. 1,000 17,478 Kao Corp........................................... 1,000 43,848 Kato Works Co., Ltd................................ 2,000 15,638 Kawasaki Heavy Industries, Ltd..................... 5,000 23,956 Kawasaki Kisen Kaisha, Ltd......................... 9,000 25,762 KDDI Corp.......................................... 2,300 162,354 Keihan Electric Railway Co., Ltd................... 8,000 48,569 Keihin Corp........................................ 1,100 17,533 Keikyu Corp........................................ 3,000 23,398 Keio Corp.......................................... 3,000 24,429 Keisei Electric Railway Co., Ltd................... 2,000 25,764 Keiyo Bank, Ltd. (The)............................. 6,000 32,735 Kewpie Corp........................................ 2,200 51,080 KEY Coffee, Inc.................................... 300 4,325 Kintetsu Corp...................................... 7,000 24,678 Kintetsu World Express, Inc........................ 300 12,775 Kitz Corp.......................................... 3,000 14,245 Kiyo Bank, Ltd. (The).............................. 1,500 18,713 Koa Corp........................................... 1,400 12,819 Kobe Steel, Ltd.................................... 58,000 101,721 Kohnan Shoji Co., Ltd.............................. 1,300 14,696 Koito Manufacturing Co., Ltd....................... 1,000 32,515 Kokuyo Co., Ltd.................................... 2,300 17,530 Komatsu, Ltd....................................... 2,800 54,906 Komeri Co., Ltd.................................... 500 10,724 Konami Corp........................................ 1,400 26,122 Konica Minolta, Inc................................ 7,300 80,332 Konishi Co., Ltd................................... 600 10,284 Kose Corp.......................................... 700 31,340 Kubota Corp. Sponsored ADR......................... 500 37,083 Kurabo Industries, Ltd............................. 8,000 13,416 Kuraray Co., Ltd................................... 2,000 25,114 # Kureha Corp........................................ 5,000 20,830 Kurita Water Industries, Ltd....................... 2,100 44,737 # Kuroda Electric Co., Ltd........................... 1,300 18,625 KYB Co., Ltd....................................... 4,000 15,873 Kyocera Corp. Sponsored ADR........................ 1,800 78,696 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 1,100 12,435 Kyoritsu Maintenance Co., Ltd...................... 200 11,172 Kyowa Exeo Corp.................................... 2,000 21,107 * Kyushu Electric Power Co., Inc..................... 1,800 17,370 Lawson, Inc........................................ 300 19,614 * Leopalace21 Corp................................... 4,000 25,881 915 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Lintec Corp........................................ 1,100 $ 24,206 Lion Corp.......................................... 4,000 21,730 LIXIL Group Corp................................... 1,700 33,123 Maeda Corp......................................... 1,000 7,662 Maeda Road Construction Co., Ltd................... 2,000 31,561 Makino Milling Machine Co., Ltd.................... 2,000 17,185 Makita Corp........................................ 500 22,178 Maruha Nichiro Corp................................ 1,200 17,857 Marui Group Co., Ltd............................... 4,900 50,934 Marusan Securities Co., Ltd........................ 2,100 14,518 Max Co., Ltd....................................... 1,000 10,869 Mazda Motor Corp................................... 1,799 36,952 # McDonald's Holdings Co. Japan, Ltd................. 900 19,741 Megmilk Snow Brand Co., Ltd........................ 1,400 19,247 # Michinoku Bank, Ltd. (The)......................... 2,000 3,749 Milbon Co., Ltd.................................... 300 8,486 Mimasu Semiconductor Industry Co., Ltd............. 500 5,657 Minebea Co., Ltd................................... 1,000 15,428 # Ministop Co., Ltd.................................. 800 10,795 Mirait Holdings Corp............................... 2,000 23,187 Misawa Homes Co., Ltd.............................. 1,200 10,631 MISUMI Group, Inc.................................. 1,200 44,824 Mito Securities Co., Ltd........................... 3,000 10,424 Mitsuba Corp....................................... 1,900 33,717 Mitsubishi Corp.................................... 4,200 73,270 Mitsubishi Electric Corp........................... 7,000 80,960 Mitsubishi Estate Co., Ltd......................... 2,000 40,242 Mitsubishi Gas Chemical Co., Inc................... 4,000 18,085 Mitsubishi Heavy Industries, Ltd................... 22,598 124,732 Mitsubishi Logistics Corp.......................... 3,000 44,616 Mitsubishi Materials Corp.......................... 15,000 47,300 Mitsubishi Motors Corp............................. 3,700 31,281 * Mitsubishi Paper Mills, Ltd........................ 10,000 7,361 Mitsubishi Pencil Co., Ltd......................... 600 17,723 Mitsubishi Shokuhin Co., Ltd....................... 400 8,879 Mitsubishi Steel Manufacturing Co., Ltd............ 2,000 4,049 Mitsubishi UFJ Financial Group, Inc................ 54,870 291,594 Mitsui & Co., Ltd.................................. 5,500 69,986 Mitsui Chemicals, Inc.............................. 18,000 52,667 Mitsui Engineering & Shipbuilding Co., Ltd......... 18,000 29,264 Mitsui Fudosan Co., Ltd............................ 2,000 50,563 Mitsui High-Tec, Inc............................... 2,000 13,462 Mitsui Mining & Smelting Co., Ltd.................. 14,000 29,234 Mitsui OSK Lines, Ltd.............................. 6,000 20,256 Mitsui Sugar Co., Ltd.............................. 3,000 10,173 Mitsui-Soko Holdings Co., Ltd...................... 2,000 6,705 Miyazaki Bank, Ltd. (The).......................... 5,000 17,323 Mizuho Financial Group, Inc........................ 146,100 238,891 Mizuno Corp........................................ 4,000 19,671 # Monex Group, Inc................................... 6,900 14,166 Morinaga & Co., Ltd................................ 9,000 28,001 Morinaga Milk Industry Co., Ltd.................... 4,000 17,293 Morita Holdings Corp............................... 1,000 11,037 916 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Moshi Moshi Hotline, Inc........................... 900 $ 9,931 MS&AD Insurance Group Holdings..................... 2,764 67,204 Murata Manufacturing Co., Ltd...................... 400 43,182 Musashi Seimitsu Industry Co., Ltd................. 900 16,946 Musashino Bank, Ltd. (The)......................... 600 19,667 # Nabtesco Corp...................................... 1,200 30,980 Nachi-Fujikoshi Corp............................... 4,000 21,509 Nagase & Co., Ltd.................................. 3,400 42,268 Nagoya Railroad Co., Ltd........................... 3,000 11,786 Nankai Electric Railway Co., Ltd................... 7,000 28,024 Nanto Bank, Ltd. (The)............................. 5,000 16,762 NEC Corp........................................... 49,000 138,408 NEC Networks & System Integration Corp............. 600 12,894 NET One Systems Co., Ltd........................... 1,400 8,367 Neturen Co., Ltd................................... 1,500 11,181 Nexon Co., Ltd..................................... 2,200 21,656 NGK Spark Plug Co., Ltd............................ 800 23,716 NH Foods, Ltd...................................... 2,000 49,444 NHK Spring Co., Ltd................................ 2,000 18,040 # Nichias Corp....................................... 3,000 16,471 Nichicon Corp...................................... 2,400 18,267 Nichiha Corp....................................... 900 9,634 Nichirei Corp...................................... 6,000 31,805 # Nidec Corp......................................... 200 13,610 Nifco, Inc......................................... 900 31,002 NIFTY Corp......................................... 500 5,587 Nihon Dempa Kogyo Co., Ltd......................... 400 3,189 Nihon M&A Center, Inc.............................. 1,000 34,706 Nihon Nohyaku Co., Ltd............................. 1,000 11,761 Nihon Parkerizing Co., Ltd......................... 1,000 23,841 Nihon Unisys, Ltd.................................. 1,200 10,493 # Nikon Corp......................................... 3,000 38,065 Nippo Corp......................................... 1,000 15,549 Nippon Beet Sugar Manufacturing Co., Ltd........... 9,000 15,656 Nippon Carbon Co., Ltd............................. 7,000 14,288 * Nippon Chemi-Con Corp.............................. 3,000 8,465 * Nippon Denko Co., Ltd.............................. 4,000 10,082 Nippon Densetsu Kogyo Co., Ltd..................... 2,000 28,697 Nippon Electric Glass Co., Ltd..................... 8,000 41,288 Nippon Express Co., Ltd............................ 9,000 52,504 Nippon Flour Mills Co., Ltd........................ 3,000 14,228 Nippon Gas Co., Ltd................................ 1,100 27,044 Nippon Koei Co., Ltd............................... 1,000 4,019 Nippon Konpo Unyu Soko Co., Ltd.................... 1,700 26,490 Nippon Light Metal Holdings Co., Ltd............... 10,000 14,950 Nippon Paper Industries Co., Ltd................... 2,300 36,269 Nippon Road Co., Ltd. (The)........................ 2,000 9,549 * Nippon Sheet Glass Co., Ltd........................ 20,000 18,362 Nippon Shokubai Co., Ltd........................... 2,000 26,865 Nippon Signal Co., Ltd. (The)...................... 1,500 16,314 Nippon Soda Co., Ltd............................... 5,000 28,436 Nippon Steel & Sumitomo Metal Corp................. 58,675 137,141 * Nippon Suisan Kaisha, Ltd.......................... 5,500 19,005 917 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Nippon Synthetic Chemical Industry Co., Ltd. (The)........................................ 2,000 $ 12,299 Nippon Telegraph & Telephone Corp.................. 500 29,593 Nippon Telegraph & Telephone Corp. ADR............. 777 22,953 Nippon Thompson Co., Ltd........................... 3,000 14,536 #* Nippon Yakin Kogyo Co., Ltd........................ 2,500 4,990 Nippon Yusen K.K................................... 17,000 50,543 Nishi-Nippon City Bank, Ltd. (The)................. 15,000 48,710 Nishi-Nippon Railroad Co., Ltd..................... 6,000 25,975 Nishimatsu Construction Co., Ltd................... 7,000 28,120 Nissan Chemical Industries, Ltd.................... 1,400 25,776 Nissan Motor Co., Ltd.............................. 24,200 206,359 Nissan Shatai Co., Ltd............................. 1,500 16,484 Nisshin Oillio Group, Ltd. (The)................... 5,000 18,186 Nisshin Seifun Group, Inc.......................... 2,255 27,734 Nisshin Steel Co., Ltd............................. 2,100 21,738 Nisshinbo Holdings, Inc............................ 2,000 22,474 Nissin Kogyo Co., Ltd.............................. 1,000 15,309 Nitta Corp......................................... 500 12,011 Nittetsu Mining Co., Ltd........................... 3,000 10,604 Nitto Denko Corp................................... 1,200 71,638 Nitto Kogyo Corp................................... 1,000 19,282 NOF Corp........................................... 3,000 19,213 NOK Corp........................................... 200 5,753 Nomura Holdings, Inc............................... 6,900 36,685 Nomura Holdings, Inc. ADR.......................... 3,400 17,986 Nomura Real Estate Holdings, Inc................... 1,800 30,288 Nomura Research Institute, Ltd..................... 600 20,372 Noritake Co., Ltd.................................. 5,000 12,546 Noritz Corp........................................ 700 11,021 North Pacific Bank, Ltd............................ 8,000 29,802 NSK, Ltd........................................... 1,000 11,719 NTN Corp........................................... 12,000 51,357 NTT Data Corp...................................... 900 34,234 NTT DOCOMO, Inc.................................... 11,100 187,382 NTT Urban Development Corp......................... 2,100 20,148 Obara Group, Inc................................... 100 4,991 Obayashi Corp...................................... 4,000 25,321 Obic Co., Ltd...................................... 800 26,836 Odakyu Electric Railway Co., Ltd................... 2,000 19,456 Ogaki Kyoritsu Bank, Ltd. (The).................... 10,000 30,700 # Ohsho Food Service Corp............................ 400 16,068 Oiles Corp......................................... 1,440 26,574 Oita Bank, Ltd. (The).............................. 4,000 14,021 Oji Holdings Corp.................................. 3,000 11,308 Okabe Co., Ltd..................................... 1,100 9,485 Okamura Corp....................................... 2,000 14,651 Oki Electric Industry Co., Ltd..................... 15,000 30,639 Okinawa Electric Power Co., Inc. (The)............. 400 13,857 # OKUMA Corp......................................... 3,000 25,527 Okumura Corp....................................... 4,000 18,253 Omron Corp......................................... 900 35,981 Onward Holdings Co., Ltd........................... 4,000 25,795 Oracle Corp. Japan................................. 600 24,945 918 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Oriental Land Co., Ltd............................. 100 $ 24,229 Osaka Gas Co., Ltd................................. 8,000 31,533 OSG Corp........................................... 700 12,888 Pacific Industrial Co., Ltd........................ 600 4,870 * Pacific Metals Co., Ltd............................ 6,000 16,164 Pal Co., Ltd....................................... 200 5,195 Paltac Corp........................................ 300 3,776 PanaHome Corp...................................... 2,000 12,016 Panasonic Corp..................................... 9,000 102,239 Parco Co., Ltd..................................... 300 2,555 Park24 Co., Ltd.................................... 600 10,266 Penta-Ocean Construction Co., Ltd.................. 7,000 26,680 Pigeon Corp........................................ 600 37,463 Pilot Corp......................................... 400 23,708 * Pioneer Corp....................................... 2,500 4,701 # Pola Orbis Holdings, Inc........................... 500 21,292 Press Kogyo Co., Ltd............................... 4,000 13,475 Prima Meat Packers, Ltd............................ 5,000 13,001 Raito Kogyo Co., Ltd............................... 2,500 24,769 #* Rakuten, Inc....................................... 2,100 29,073 Relo Holdings, Inc................................. 400 29,809 Rengo Co., Ltd..................................... 4,000 16,806 #* Renown, Inc........................................ 2,700 2,563 Resona Holdings, Inc............................... 15,200 75,410 # Resorttrust, Inc................................... 900 21,555 Ricoh Co., Ltd..................................... 12,100 118,040 Ricoh Leasing Co., Ltd............................. 500 13,086 Riken Corp......................................... 4,000 15,665 Riso Kagaku Corp................................... 1,200 20,863 Roland DG Corp..................................... 400 11,896 # Round One Corp..................................... 900 5,620 Ryosan Co., Ltd.................................... 1,000 21,227 Saibu Gas Co., Ltd................................. 6,000 13,289 Saizeriya Co., Ltd................................. 1,200 19,425 Sakai Chemical Industry Co., Ltd................... 3,000 10,676 Sakata Seed Corp................................... 1,200 20,841 San-A Co., Ltd..................................... 100 3,339 San-Ai Oil Co., Ltd................................ 2,000 13,272 San-In Godo Bank, Ltd. (The)....................... 3,000 24,479 Sanden Corp........................................ 4,000 18,681 Sangetsu Co., Ltd.................................. 500 13,391 Sankyo Co., Ltd.................................... 400 14,376 Sankyu, Inc........................................ 4,000 16,002 # Sanrio Co., Ltd.................................... 500 12,389 Sanshin Electronics Co., Ltd....................... 1,500 10,229 Sanwa Holdings Corp................................ 4,000 27,661 Sanyo Chemical Industries, Ltd..................... 2,000 14,500 Sanyo Shokai, Ltd.................................. 5,000 11,781 Sanyo Special Steel Co., Ltd....................... 3,000 10,068 Sawada Holdings Co., Ltd........................... 1,400 10,136 SBI Holdings, Inc.................................. 4,470 47,765 Scroll Corp........................................ 2,100 5,095 SCSK Corp.......................................... 1,000 24,901 919 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Sega Sammy Holdings, Inc........................... 1,200 $ 15,627 Seiko Epson Corp................................... 300 12,184 Seiko Holdings Corp................................ 6,000 32,726 Seino Holdings Co., Ltd............................ 4,000 43,525 Seiren Co., Ltd.................................... 400 3,260 Sekisui Chemical Co., Ltd.......................... 4,000 43,747 Sekisui House, Ltd................................. 2,700 34,915 # Senko Co., Ltd..................................... 5,000 28,902 Senshu Ikeda Holdings, Inc......................... 3,000 13,321 # Senshukai Co., Ltd................................. 1,200 8,462 Seria Co., Ltd..................................... 400 11,545 Seven & I Holdings Co., Ltd........................ 2,600 95,145 Seven Bank, Ltd.................................... 5,200 23,274 #* Sharp Corp......................................... 12,000 23,490 Shiga Bank, Ltd. (The)............................. 7,000 39,046 Shikoku Bank, Ltd. (The)........................... 5,000 10,450 * Shikoku Electric Power Co., Inc.................... 1,900 23,893 Shima Seiki Manufacturing, Ltd..................... 400 7,021 Shimachu Co., Ltd.................................. 1,000 25,065 Shimamura Co., Ltd................................. 300 26,685 Shimano, Inc....................................... 300 39,658 Shimizu Corp....................................... 6,000 41,398 Shin-Etsu Chemical Co., Ltd........................ 1,000 66,214 Shindengen Electric Manufacturing Co., Ltd......... 3,000 16,090 Shinko Electric Industries Co., Ltd................ 2,300 16,110 Shinko Plantech Co., Ltd........................... 1,300 9,713 Shinko Shoji Co., Ltd.............................. 900 9,316 Shinmaywa Industries, Ltd.......................... 4,000 38,964 # Shiseido Co., Ltd.................................. 2,500 40,097 Shizuoka Bank, Ltd. (The).......................... 4,000 36,551 Shizuoka Gas Co., Ltd.............................. 2,100 13,410 Shoko Co., Ltd..................................... 5,000 6,969 Showa Corp......................................... 800 8,127 Showa Denko K.K.................................... 38,000 48,567 Showa Shell Sekiyu K.K............................. 4,800 46,846 Sintokogio, Ltd.................................... 1,500 10,589 SKY Perfect JSAT Holdings, Inc..................... 3,500 21,196 SMC Corp........................................... 100 26,817 SMK Corp........................................... 3,000 12,462 Sodick Co., Ltd.................................... 1,500 12,938 Softbank Corp...................................... 2,761 162,489 # Sojitz Corp........................................ 27,200 35,159 Sompo Japan Nipponkoa Holdings, Inc................ 500 13,874 Sony Corp.......................................... 3,300 77,620 Sony Corp. Sponsored ADR........................... 2,843 66,213 Sony Financial Holdings, Inc....................... 1,400 19,457 Sotetsu Holdings, Inc.............................. 6,000 27,438 Square Enix Holdings Co., Ltd...................... 1,000 21,954 St Marc Holdings Co., Ltd.......................... 400 25,721 Stanley Electric Co., Ltd.......................... 1,300 28,934 Star Micronics Co., Ltd............................ 700 8,745 Start Today Co., Ltd............................... 700 14,149 Starts Corp., Inc.................................. 1,000 13,863 920 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) #* Sumco Corp......................................... 1,100 $ 18,461 Sumitomo Bakelite Co., Ltd......................... 5,000 20,695 Sumitomo Corp...................................... 2,200 21,710 Sumitomo Electric Industries, Ltd.................. 4,400 56,697 Sumitomo Forestry Co., Ltd......................... 3,600 33,484 Sumitomo Heavy Industries, Ltd..................... 7,000 37,880 Sumitomo Metal Mining Co., Ltd..................... 4,000 57,168 Sumitomo Mitsui Financial Group, Inc............... 7,564 253,824 Sumitomo Mitsui Trust Holdings, Inc................ 14,940 52,537 Sumitomo Osaka Cement Co., Ltd..................... 11,000 31,986 Sumitomo Realty & Development Co., Ltd............. 1,000 31,897 Sumitomo Riko Co, Ltd.............................. 500 4,076 Sumitomo Rubber Industries, Ltd.................... 1,800 27,991 Sumitomo Seika Chemicals Co., Ltd.................. 1,000 7,086 Sumitomo Warehouse Co., Ltd. (The)................. 4,000 22,389 Suruga Bank, Ltd................................... 1,300 24,409 Suzuki Motor Corp.................................. 2,300 72,726 #* SWCC Showa Holdings Co., Ltd....................... 14,000 11,706 T Hasegawa Co., Ltd................................ 800 11,556 T&D Holdings, Inc.................................. 6,400 72,074 # Tachi-S Co., Ltd................................... 1,000 14,568 Tadano, Ltd........................................ 2,000 24,072 Taiheiyo Cement Corp............................... 4,000 11,737 Taiho Kogyo Co., Ltd............................... 1,300 14,455 # Taikisha, Ltd...................................... 500 11,894 Taisei Corp........................................ 1,000 5,801 Taiyo Yuden Co., Ltd............................... 2,000 24,818 Takara Leben Co., Ltd.............................. 1,100 5,738 Takara Standard Co., Ltd........................... 2,000 15,220 Takasago International Corp........................ 1,000 4,973 Takasago Thermal Engineering Co., Ltd.............. 1,900 23,836 Takashimaya Co., Ltd............................... 3,000 26,313 # Takata Corp........................................ 1,000 11,663 Takeuchi Manufacturing Co., Ltd.................... 300 11,003 Takuma Co., Ltd.................................... 4,000 28,196 TDK Corp........................................... 700 43,625 TDK Corp. Sponsored ADR............................ 400 25,540 Teijin, Ltd........................................ 19,000 56,598 Toa Corp........................................... 6,000 10,207 Toagosei Co., Ltd.................................. 6,000 23,984 Tobu Railway Co., Ltd.............................. 3,000 14,427 TOC Co., Ltd....................................... 1,200 7,295 Tochigi Bank, Ltd. (The)........................... 4,000 18,471 Toda Corp.......................................... 6,000 21,458 Toei Co., Ltd...................................... 1,000 5,792 Toho Bank, Ltd. (The).............................. 5,000 17,556 Toho Gas Co., Ltd.................................. 5,000 27,169 Toho Zinc Co., Ltd................................. 3,000 9,417 Tohoku Electric Power Co., Inc..................... 2,400 30,232 Tokai Carbon Co., Ltd.............................. 2,000 5,763 TOKAI Holdings Corp................................ 700 3,154 Tokai Rika Co., Ltd................................ 900 18,533 # Token Corp......................................... 270 11,190 921 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Tokio Marine Holdings, Inc......................... 2,400 $ 83,789 Tokuyama Corp...................................... 8,000 17,771 # Tokyo Dome Corp.................................... 3,000 13,876 * Tokyo Electric Power Co., Inc...................... 6,200 26,310 Tokyo Electron, Ltd................................ 1,500 104,990 Tokyo Gas Co., Ltd................................. 5,000 29,826 Tokyo Seimitsu Co., Ltd............................ 700 14,235 Tokyo Steel Manufacturing Co., Ltd................. 3,700 27,803 Tokyo Tatemono Co., Ltd............................ 1,000 6,751 * Tokyo TY Financial Group, Inc...................... 259 7,414 Tokyu Corp......................................... 4,000 26,473 Tokyu Fudosan Holdings Corp........................ 1,700 10,537 TOMONY Holdings, Inc............................... 3,900 16,837 # Tomy Co., Ltd...................................... 2,600 14,402 TonenGeneral Sekiyu K.K............................ 2,000 17,681 Toppan Forms Co., Ltd.............................. 2,100 21,819 Toppan Printing Co., Ltd........................... 3,000 20,040 Topre Corp......................................... 1,400 19,254 Topy Industries, Ltd............................... 7,000 15,765 Toray Industries, Inc.............................. 9,000 76,663 Toshiba Corp....................................... 13,000 51,982 Toshiba Machine Co., Ltd........................... 3,000 11,504 Toshiba Plant Systems & Services Corp.............. 800 12,262 Toshiba TEC Corp................................... 4,000 24,675 Tosoh Corp......................................... 12,000 64,690 Totetsu Kogyo Co., Ltd............................. 1,000 23,868 TOTO, Ltd.......................................... 2,000 22,079 Towa Bank, Ltd. (The).............................. 18,000 14,778 # Toyo Engineering Corp.............................. 4,000 13,481 Toyo Ink SC Holdings Co., Ltd...................... 6,000 28,085 Toyo Kanetsu K.K................................... 5,000 10,210 Toyo Kohan Co., Ltd................................ 4,000 20,531 Toyo Seikan Group Holdings, Ltd.................... 3,000 38,490 Toyo Suisan Kaisha, Ltd............................ 200 7,036 Toyo Tire & Rubber Co., Ltd........................ 2,000 45,047 Toyobo Co., Ltd.................................... 19,000 25,554 Toyoda Gosei Co., Ltd.............................. 1,600 35,247 # Toyota Boshoku Corp................................ 1,100 14,521 Toyota Motor Corp.................................. 14,060 906,461 Toyota Motor Corp. Sponsored ADR................... 2,966 382,169 Toyota Tsusho Corp................................. 3,700 87,625 Transcosmos, Inc................................... 600 10,504 * Trend Micro, Inc................................... 500 14,121 Trusco Nakayama Corp............................... 300 7,990 TS Tech Co., Ltd................................... 400 10,078 Tsubakimoto Chain Co............................... 3,000 24,154 # Tsugami Corp....................................... 2,000 11,424 Tsukuba Bank, Ltd.................................. 2,900 8,466 # UACJ Corp.......................................... 3,114 7,648 Ube Industries, Ltd................................ 29,000 43,432 * Ulvac, Inc......................................... 1,300 18,621 Unicharm Corp...................................... 1,500 41,331 Union Tool Co...................................... 600 16,755 922 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) Unipres Corp....................................... 1,100 $ 19,135 United Arrows, Ltd................................. 500 14,212 # UNY Group Holdings Co., Ltd........................ 3,700 21,288 #* Usen Corp.......................................... 2,900 7,601 # Ushio, Inc......................................... 1,700 19,695 USS Co., Ltd....................................... 1,500 23,533 Valor Co., Ltd..................................... 500 9,432 VT Holdings Co., Ltd............................... 3,900 15,695 Wacoal Holdings Corp............................... 2,000 19,824 # Wacom Co., Ltd..................................... 2,900 12,253 Wakita & Co., Ltd.................................. 1,000 9,478 West Japan Railway Co.............................. 500 25,717 Xebio Co., Ltd..................................... 700 10,835 # Yahoo Japan Corp................................... 5,300 17,825 Yakult Honsha Co., Ltd............................. 300 18,170 # Yamada Denki Co., Ltd.............................. 18,300 67,987 # Yamagata Bank, Ltd. (The).......................... 4,000 16,882 Yamaguchi Financial Group, Inc..................... 4,000 41,616 Yamaha Corp........................................ 1,600 23,301 Yamaha Motor Co., Ltd.............................. 800 17,546 Yamanashi Chuo Bank, Ltd. (The).................... 4,000 15,975 Yamatane Corp...................................... 11,000 16,285 Yamato Holdings Co., Ltd........................... 1,200 27,140 Yamato Kogyo Co., Ltd.............................. 900 23,162 Yamazaki Baking Co., Ltd........................... 2,000 29,446 Yamazen Corp....................................... 200 1,406 # Yaskawa Electric Corp.............................. 3,100 39,630 Yokogawa Bridge Holdings Corp...................... 300 3,361 Yokohama Reito Co., Ltd............................ 1,900 13,179 Yokohama Rubber Co., Ltd. (The).................... 5,000 47,040 Yorozu Corp........................................ 700 13,555 # Zensho Holdings Co., Ltd........................... 1,300 11,754 Zeon Corp.......................................... 4,000 40,847 ----------- TOTAL JAPAN............................................ 20,363,745 ----------- NETHERLANDS -- (2.4%) Aalberts Industries NV............................. 2,548 73,384 Accell Group....................................... 814 12,418 Aegon NV........................................... 13,632 97,153 Akzo Nobel NV...................................... 1,910 137,599 * AMG Advanced Metallurgical Group NV................ 1,751 13,074 #* APERAM SA.......................................... 1,479 38,394 Arcadis NV......................................... 1,681 50,876 # ArcelorMittal...................................... 8,501 81,950 ASM International NV............................... 792 32,314 ASML Holding NV(B929F46)........................... 870 90,759 ASML Holding NV(B908F01)........................... 154 16,007 BE Semiconductor Industries NV..................... 935 18,977 BinckBank NV....................................... 1,231 10,112 Boskalis Westminster NV............................ 2,206 97,524 # Brunel International NV............................ 272 4,413 Corbion NV......................................... 916 15,174 Delta Lloyd NV..................................... 5,621 106,201 923 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- NETHERLANDS -- (Continued) Exact Holding NV................................... 330 $ 11,824 Fugro NV........................................... 1,470 31,877 # Gemalto NV......................................... 679 49,165 * Grontmij........................................... 1,062 4,258 * ING Groep NV....................................... 7,270 90,384 * ING Groep NV Sponsored ADR......................... 7,911 98,413 KAS Bank NV........................................ 70 807 Kendrion NV........................................ 337 9,217 Koninklijke Ahold NV............................... 5,695 102,789 Koninklijke BAM Groep NV........................... 8,796 26,400 Koninklijke KPN NV................................. 49,734 153,498 # Koninklijke Ten Cate NV............................ 905 20,051 Koninklijke Vopak NV............................... 984 54,875 * Mota-Engil Africa NV............................... 240 1,673 Nutreco NV......................................... 1,320 67,222 * PostNL NV.......................................... 9,281 33,572 Randstad Holding NV................................ 2,485 130,621 Reed Elsevier NV................................... 2,403 58,750 Reed Elsevier NV Sponsored ADR..................... 952 46,439 #* Royal Imtech NV.................................... 2,461 11,349 * SBM Offshore NV.................................... 4,189 45,703 Sligro Food Group NV............................... 627 23,922 #* SNS Reaal NV....................................... 3,557 -- * Telegraaf Media Groep NV........................... 853 5,492 TKH Group NV....................................... 877 27,269 TNT Express NV..................................... 6,592 43,114 * TomTom NV.......................................... 3,459 22,729 Unilever NV(B12T3J1)............................... 2,259 97,961 Unilever NV(904784709)............................. 2,329 101,009 USG People NV...................................... 877 10,107 Wessanen........................................... 3,571 22,802 Wolters Kluwer NV.................................. 5,213 155,727 ---------- TOTAL NETHERLANDS...................................... 2,455,348 ---------- NEW ZEALAND -- (0.3%) Air New Zealand, Ltd............................... 11,327 21,429 Auckland International Airport, Ltd................ 16,707 54,034 * Chorus, Ltd........................................ 10,565 20,306 Contact Energy, Ltd................................ 7,971 40,909 Fletcher Building, Ltd.(6341606)................... 4,290 26,061 Fletcher Building, Ltd.(6341617)................... 913 5,527 Infratil, Ltd...................................... 10,572 24,272 # Kathmandu Holdings, Ltd............................ 4,918 7,194 Mainfreight, Ltd................................... 1,051 12,220 New Zealand Oil & Gas, Ltd......................... 729 340 * New Zealand Refining Co., Ltd. (The)............... 4,103 7,570 Nuplex Industries, Ltd............................. 4,883 10,579 # Port of Tauranga, Ltd.............................. 1,104 14,237 Sky Network Television, Ltd........................ 3,260 14,334 Spark New Zealand, Ltd............................. 18,634 44,651 # TrustPower, Ltd.................................... 2,795 17,017 924 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- NEW ZEALAND -- (Continued) * Xero, Ltd.......................................... 3 $ 34 -------- TOTAL NEW ZEALAND...................................... 320,714 -------- NORWAY -- (0.8%) # Akastor ASA........................................ 4,822 11,855 Aker ASA Class A................................... 482 10,295 * Aker Solutions ASA................................. 784 3,827 Atea ASA........................................... 2,400 26,658 Austevoll Seafood ASA.............................. 2,794 16,317 Bakkafrost P/F..................................... 327 6,794 Bonheur ASA........................................ 128 1,189 BW Offshore, Ltd................................... 7,600 7,309 * Det Norske Oljeselskap ASA......................... 799 3,339 DNB ASA............................................ 5,149 74,602 #* DNO ASA............................................ 3,689 8,128 * DOF ASA............................................ 1,400 1,906 Ekornes ASA........................................ 300 3,738 Eltek ASA.......................................... 1,600 2,388 Evry ASA........................................... 2,789 5,782 Fred Olsen Energy ASA.............................. 566 4,743 Gjensidige Forsikring ASA.......................... 752 12,678 # Golden Ocean Group, Ltd............................ 2,907 1,797 * Hoegh LNG Holdings, Ltd............................ 100 984 * Kongsberg Automotive ASA........................... 28,148 22,130 # Kongsberg Gruppen ASA.............................. 640 10,823 Kvaerner ASA....................................... 6,566 7,645 Leroey Seafood Group ASA........................... 851 29,837 Marine Harvest ASA................................. 5,000 65,408 * Nordic Semiconductor ASA........................... 3,571 24,661 * Norske Skogindustrier ASA.......................... 7,052 6,455 Orkla ASA.......................................... 3,344 24,645 # Petroleum Geo-Services ASA......................... 5,433 29,541 Prosafe SE......................................... 3,000 8,009 #* REC Silicon ASA.................................... 60,049 12,823 * REC Solar ASA...................................... 1,034 13,590 Salmar ASA......................................... 616 9,510 Schibsted ASA...................................... 342 22,031 Seadrill, Ltd...................................... 818 8,742 Sevan Marine ASA................................... 744 1,878 * Songa Offshore..................................... 1,759 349 SpareBank 1 SR Bank ASA............................ 3,295 20,691 Statoil ASA........................................ 6,496 108,784 Statoil ASA Sponsored ADR.......................... 3,231 54,281 Stolt-Nielsen, Ltd................................. 218 3,442 * Storebrand ASA..................................... 9,866 29,825 Subsea 7 SA........................................ 1,893 16,103 Telenor ASA........................................ 2,230 47,907 TGS Nopec Geophysical Co. ASA...................... 668 15,495 Tomra Systems ASA.................................. 2,200 17,676 Veidekke ASA....................................... 1,440 14,884 Wilh Wilhelmsen ASA................................ 2,050 11,451 Wilh Wilhelmsen Holding ASA Class A................ 350 6,788 925 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- NORWAY -- (Continued) Yara International ASA............................. 602 $ 31,342 -------- TOTAL NORWAY........................................... 881,075 -------- PORTUGAL -- (0.3%) Altri SGPS SA...................................... 4,909 17,004 #* Banco BPI SA....................................... 5,001 4,693 #* Banco Comercial Portugues SA....................... 790,331 55,660 * Banco Espirito Santo SA............................ 30,233 -- EDP - Energias de Portugal SA...................... 9,374 35,658 EDP Renovaveis SA.................................. 4,715 31,518 Galp Energia SGPS SA............................... 3,563 37,641 Jeronimo Martins SGPS SA........................... 1,019 10,961 Mota-Engil SGPS SA................................. 2,737 8,369 NOS SGPS........................................... 3,274 20,786 Portucel SA........................................ 3,351 13,519 # Portugal Telecom SGPS SA........................... 4,899 3,414 # Portugal Telecom SGPS SA Sponsored ADR............. 2,949 2,132 REN - Redes Energeticas Nacionais SGPS SA.......... 3,580 10,152 Semapa-Sociedade de Investimento e Gestao.......... 897 10,501 * Sonae Industria SGPS SA............................ 180,000 1,315 Sonae SGPS SA...................................... 13,955 18,270 -------- TOTAL PORTUGAL......................................... 281,593 -------- SINGAPORE -- (1.3%) Boustead Singapore, Ltd............................ 16,000 21,275 * Broadway Industrial Group, Ltd..................... 3,400 492 Bukit Sembawang Estates, Ltd....................... 2,000 7,866 CapitaLand, Ltd.................................... 22,000 56,465 City Developments, Ltd............................. 3,000 22,236 # Cityspring Infrastructure Trust.................... 17,000 6,844 ComfortDelGro Corp., Ltd........................... 6,000 12,723 Cosco Corp. Singapore, Ltd......................... 14,000 5,589 CSE Global, Ltd.................................... 19,000 8,206 CWT, Ltd........................................... 9,000 11,176 DBS Group Holdings, Ltd............................ 8,453 123,242 * Delong Holdings, Ltd............................... 10,000 1,647 # Ezion Holdings, Ltd................................ 24,480 22,952 # Ezra Holdings, Ltd................................. 35,985 14,072 Far East Orchard, Ltd.............................. 8,000 9,981 First Resources, Ltd............................... 12,000 16,482 Global Logistic Properties, Ltd.................... 10,000 18,658 Golden Agri-Resources, Ltd......................... 29,000 8,996 GuocoLand, Ltd..................................... 12,000 15,931 GuocoLeisure, Ltd.................................. 19,000 13,387 Hongkong Land Holdings, Ltd........................ 3,000 22,215 Hutchison Port Holdings Trust...................... 50,000 35,653 # Hyflux, Ltd........................................ 14,000 9,850 Indofood Agri Resources, Ltd....................... 6,000 3,137 Keppel Corp., Ltd.................................. 6,300 40,462 Keppel Infrastructure Trust........................ 600 475 Keppel Land, Ltd................................... 11,000 36,888 Keppel Telecommunications & Transportation, Ltd.... 6,000 7,714 926 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) #* Linc Energy, Ltd................................... 3,880 $ 1,665 M1, Ltd............................................ 7,000 19,355 Midas Holdings, Ltd................................ 30,000 7,507 * Neptune Orient Lines, Ltd.......................... 19,250 14,348 Noble Group, Ltd................................... 70,000 54,757 OUE, Ltd........................................... 5,000 8,120 Oversea-Chinese Banking Corp., Ltd................. 11,805 90,546 Petra Foods, Ltd................................... 3,000 8,845 Raffles Education Corp., Ltd....................... 6,127 1,496 * S I2I, Ltd......................................... 492,000 1,442 SATS, Ltd.......................................... 6,278 13,722 SembCorp Industries, Ltd........................... 9,000 28,619 # SembCorp Marine, Ltd............................... 4,400 9,737 Sinarmas Land, Ltd................................. 33,000 15,812 Singapore Airlines, Ltd............................ 2,600 24,285 Singapore Exchange, Ltd............................ 6,000 34,422 Singapore Post, Ltd................................ 14,000 22,132 # Singapore Press Holdings, Ltd...................... 6,000 18,298 Singapore Technologies Engineering, Ltd............ 9,000 22,325 Singapore Telecommunications, Ltd.................. 22,000 66,252 #* Sino Grandness Food Industry Group, Ltd............ 46,000 17,123 SMRT Corp., Ltd.................................... 15,000 19,389 Stamford Land Corp., Ltd........................... 9,000 3,753 # Swiber Holdings, Ltd............................... 4,499 635 Tat Hong Holdings, Ltd............................. 10,000 5,455 Triyards holdings, Ltd............................. 960 335 United Engineers, Ltd.............................. 12,000 26,918 United Industrial Corp., Ltd....................... 15,000 39,057 United Overseas Bank, Ltd.......................... 6,275 107,307 UOB-Kay Hian Holdings, Ltd......................... 12,000 13,373 UOL Group, Ltd..................................... 9,289 49,435 * Vard Holdings, Ltd................................. 41,000 15,260 Venture Corp., Ltd................................. 7,000 42,035 Wilmar International, Ltd.......................... 3,000 7,120 Wing Tai Holdings, Ltd............................. 10,000 13,514 Yeo Hiap Seng, Ltd................................. 1,767 2,272 Yongnam Holdings, Ltd.............................. 83,000 10,966 ---------- TOTAL SINGAPORE........................................ 1,392,246 ---------- SPAIN -- (2.6%) Abengoa SA......................................... 517 1,651 Abengoa SA Class B................................. 6,174 18,242 Abertis Infraestructuras SA........................ 2,011 39,380 * Acciona SA......................................... 648 46,322 Acerinox SA........................................ 3,512 52,291 ACS Actividades de Construccion y Servicios SA..... 1,203 41,827 Amadeus IT Holding SA Class A...................... 2,255 90,435 Atresmedia Corp de Medios de Comunicacion SA....... 1,085 15,942 Banco Bilbao Vizcaya Argentaria SA................. 4,110 35,109 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR... 11,360 96,786 Banco de Sabadell SA............................... 60,257 152,275 * Banco Popular...................................... 44 187 Banco Popular Espanol SA........................... 10,517 44,455 927 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SPAIN -- (Continued) Banco Santander SA................................. 32,264 $ 217,012 Banco Santander SA Sponsored ADR................... 37,893 253,504 * Bankia SA.......................................... 8,460 11,065 Bankinter SA....................................... 11,695 81,252 Bolsas y Mercados Espanoles SA..................... 1,498 61,580 CaixaBank SA....................................... 6,462 28,149 #* Cementos Portland Valderrivas SA................... 228 1,513 Cie Automotive SA.................................. 590 8,493 Construcciones y Auxiliar de Ferrocarriles SA...... 52 17,482 Distribuidora Internacional de Alimentacion SA..... 8,452 54,719 Duro Felguera SA................................... 2,644 10,612 Ebro Foods SA...................................... 994 16,914 Elecnor SA......................................... 157 1,451 Enagas SA.......................................... 2,634 83,412 Ence Energia y Celulosa S.A........................ 3,405 10,183 Ferrovial SA....................................... 1,487 29,500 * Fomento de Construcciones y Contratas SA........... 2,724 33,719 * Gamesa Corp. Tecnologica SA........................ 6,353 62,811 Gas Natural SDG SA................................. 1,964 46,103 Grupo Catalana Occidente SA........................ 923 26,391 #* Grupo Ezentis SA................................... 5,854 4,497 Iberdrola SA....................................... 43,471 300,055 Indra Sistemas SA.................................. 2,869 29,309 * Jazztel P.L.C...................................... 3,797 53,796 Mapfre SA.......................................... 15,521 52,249 * Mediaset Espana Comunicacion SA.................... 4,163 50,681 Melia Hotels International SA...................... 953 10,947 * NH Hotel Group SA.................................. 2,275 11,232 Obrascon Huarte Lain SA............................ 753 17,400 Papeles y Cartones de Europa SA.................... 1,484 7,133 * Pescanova SA....................................... 468 -- * Promotora de Informaciones SA Class A.............. 28,996 7,689 * Realia Business SA................................. 10,596 7,296 Red Electrica Corp. SA............................. 667 56,827 Repsol SA.......................................... 1,573 27,865 Repsol SA Sponsored ADR............................ 1,745 31,061 * Sacyr SA........................................... 7,182 26,562 Tecnicas Reunidas SA............................... 630 24,499 Telefonica SA...................................... 5,793 86,867 Telefonica SA Sponsored ADR........................ 6,016 89,699 Tubacex SA......................................... 1,844 5,394 Tubos Reunidos SA.................................. 4,346 7,783 Vidrala SA......................................... 390 19,370 Viscofan SA........................................ 735 42,525 Zardoya Otis SA.................................... 2,825 32,168 ---------- TOTAL SPAIN............................................ 2,693,671 ---------- SWEDEN -- (3.0%) AAK AB............................................. 887 48,180 AF AB Class B...................................... 1,570 24,051 Alfa Laval AB...................................... 2,007 37,280 Assa Abloy AB Class B.............................. 1,021 55,761 Atlas Copco AB Class A............................. 1,384 40,978 928 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWEDEN -- (Continued) Atlas Copco AB Class B............................. 777 $ 21,252 Avanza Bank Holding AB............................. 150 4,948 Axfood AB.......................................... 350 21,242 # Axis Communications AB............................. 730 19,542 B&B Tools AB Class B............................... 600 10,265 Beijer Alma AB..................................... 381 9,172 Bilia AB Class A................................... 779 23,626 BillerudKorsnas AB................................. 4,342 65,909 Boliden AB......................................... 5,232 81,733 Byggmax Group AB................................... 1,675 11,114 Castellum AB....................................... 2,708 42,581 Clas Ohlson AB Class B............................. 566 8,751 Concentric AB...................................... 1,052 13,439 Duni AB............................................ 1,648 24,363 Electrolux AB Series B............................. 1,570 48,322 #* Eniro AB........................................... 3,302 2,034 Fabege AB.......................................... 1,782 24,325 Haldex AB.......................................... 2,000 27,007 Hennes & Mauritz AB Class B........................ 2,149 88,403 Hexagon AB Class B................................. 1,041 32,961 Hexpol AB.......................................... 484 48,558 HIQ International AB............................... 1,637 8,472 Holmen AB Class B.................................. 995 35,901 Husqvarna AB Class A............................... 841 5,869 Husqvarna AB Class B............................... 10,700 74,313 ICA Gruppen AB..................................... 746 28,662 Industrial & Financial Systems Class B............. 854 26,295 Indutrade AB....................................... 1,000 40,702 Intrum Justitia AB................................. 1,646 43,803 JM AB.............................................. 1,200 39,499 KappAhl AB......................................... 3,182 16,022 * Lindab International AB............................ 1,863 15,426 Loomis AB Class B.................................. 1,303 38,554 * Lundin Petroleum AB................................ 2,484 32,225 Mekonomen AB....................................... 827 19,426 Millicom International Cellular SA................. 425 27,102 Modern Times Group AB Class B...................... 763 21,594 NCC AB Class B..................................... 1,600 51,735 New Wave Group AB Class B.......................... 1,962 10,382 Nibe Industrier AB Class B......................... 1,924 48,874 Nobia AB........................................... 4,200 36,411 Nordea Bank AB..................................... 10,653 135,248 Nordnet AB Class B................................. 1,809 6,063 * PA Resources AB.................................... 1 -- Peab AB............................................ 4,058 29,186 # Ratos AB Class B................................... 5,146 32,152 Saab AB Class B.................................... 1,477 35,954 Sandvik AB......................................... 8,049 84,487 Securitas AB Class B............................... 6,521 79,484 Skandinaviska Enskilda Banken AB Class A........... 5,722 68,902 Skanska AB Class B................................. 1,842 40,826 SKF AB Class A..................................... 582 13,748 SKF AB Class B..................................... 2,554 60,203 929 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) SkiStar AB......................................... 883 $ 9,024 #* SSAB AB Class A(B17H0S8)........................... 6,154 29,886 #* SSAB AB Class A(BPRBWK4)........................... 604 2,935 * SSAB AB Class B(B17H3F6)........................... 4,334 18,652 * SSAB AB Class B(BPRBWM6)........................... 1,541 6,664 Svenska Cellulosa AB Class A....................... 306 7,388 Svenska Cellulosa AB Class B....................... 5,470 131,850 Svenska Handelsbanken AB Class A................... 1,753 83,011 Sweco AB Class B................................... 46 614 Swedbank AB Class A................................ 3,015 72,935 Tele2 AB Class B................................... 7,729 87,436 Telefonaktiebolaget LM Ericsson Class A............ 436 5,101 Telefonaktiebolaget LM Ericsson Class B............ 7,036 85,306 Telefonaktiebolaget LM Ericsson Sponsored ADR...... 6,821 82,739 TeliaSonera AB..................................... 18,798 115,829 Trelleborg AB Class B.............................. 5,898 106,665 Volvo AB Class A................................... 1,258 14,812 Volvo AB Class B................................... 7,101 83,133 # Wallenstam AB Class B.............................. 1,976 32,714 Wihlborgs Fastigheter AB........................... 1,441 28,203 ---------- TOTAL SWEDEN........................................... 3,048,214 ---------- SWITZERLAND -- (5.2%) ABB, Ltd........................................... 13,615 261,765 ABB, Ltd. Sponsored ADR............................ 4,791 91,700 Adecco SA.......................................... 1,572 117,434 # AFG Arbonia-Forster Holding AG..................... 555 9,956 Allreal Holding AG................................. 202 31,759 Alpiq Holding AG................................... 27 1,908 ams AG............................................. 2,015 78,870 Aryzta AG.......................................... 1,486 111,404 Autoneum Holding AG................................ 124 20,754 Baloise Holding AG................................. 826 107,518 Bank Coop AG....................................... 87 3,849 Banque Cantonale Vaudoise.......................... 54 31,507 Barry Callebaut AG................................. 13 12,962 Belimo Holding AG.................................. 7 16,193 Bell AG............................................ 2 4,828 Berner Kantonalbank AG............................. 107 21,051 BKW AG............................................. 158 4,721 Bobst Group SA..................................... 277 8,450 Bucher Industries AG............................... 173 42,443 Burckhardt Compression Holding AG.................. 52 16,085 Burkhalter Holding AG.............................. 272 28,833 Cie Financiere Richemont SA........................ 2,552 212,015 Clariant AG........................................ 7,890 126,763 Credit Suisse Group AG............................. 5,994 126,209 Daetwyler Holding AG............................... 116 13,838 DKSH Holding AG.................................... 628 47,674 * Dufry AG........................................... 515 75,655 EFG International AG............................... 1,159 12,507 Emmi AG............................................ 98 32,003 EMS-Chemie Holding AG.............................. 77 29,745 930 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) Energiedienst Holding AG........................... 604 $ 18,385 Flughafen Zuerich AG............................... 94 63,996 Forbo Holding AG................................... 27 26,107 GAM Holding AG..................................... 4,085 72,191 Gategroup Holding AG............................... 383 10,630 Geberit AG......................................... 206 70,379 Georg Fischer AG................................... 69 41,377 Givaudan SA........................................ 54 98,433 Gurit Holding AG................................... 16 5,726 Helvetia Holding AG................................ 138 70,393 Holcim, Ltd........................................ 1,665 116,405 Huber & Suhner AG.................................. 335 14,913 Implenia AG........................................ 250 13,674 Interroll Holding AG............................... 14 7,141 Intershop Holdings AG.............................. 34 13,695 Julius Baer Group, Ltd............................. 1,362 55,412 Kaba Holding AG Class B............................ 37 18,596 Kardex AG.......................................... 238 11,384 Komax Holding AG................................... 112 16,861 Kudelski SA........................................ 1,531 17,537 Kuehne + Nagel International AG.................... 283 38,956 Kuoni Reisen Holding AG............................ 105 35,248 LEM Holding SA..................................... 9 6,915 Liechtensteinische Landesbank AG................... 96 4,067 Logitech International SA.......................... 1,706 25,085 Luzerner Kantonalbank AG........................... 70 26,765 Metall Zug AG...................................... 10 24,418 #* Meyer Burger Technology AG......................... 1,488 9,231 Micronas Semiconductor Holding AG.................. 845 5,049 Mobimo Holding AG.................................. 102 23,558 Nestle SA.......................................... 13,196 1,007,791 OC Oerlikon Corp. AG............................... 3,935 44,759 * Orascom Development Holding AG..................... 828 14,241 #* Orell Fuessli Holding AG........................... 31 2,853 Panalpina Welttransport Holding AG................. 238 29,143 Partners Group Holding AG.......................... 205 54,862 Rieter Holding AG.................................. 89 12,909 Romande Energie Holding SA......................... 7 7,389 Schaffner Holding AG............................... 75 21,033 Schindler Holding AG............................... 202 29,414 * Schmolz + Bickenbach AG............................ 7,007 6,244 Schweiter Technologies AG.......................... 17 12,953 SGS SA............................................. 29 55,010 Sika AG............................................ 18 61,821 St Galler Kantonalbank AG.......................... 45 17,089 Sulzer AG.......................................... 460 48,705 Swatch Group AG (The)(7184725)..................... 248 98,633 Swatch Group AG (The)(7184736)..................... 611 44,916 Swiss Life Holding AG.............................. 562 125,412 Swiss Re AG........................................ 1,642 148,121 Swisscom AG........................................ 156 91,466 Syngenta AG........................................ 363 118,241 Syngenta AG ADR.................................... 700 45,556 931 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) Temenos Group AG................................... 1,327 $ 40,390 U-Blox AG.......................................... 187 26,737 UBS Group AG(BRJL176).............................. 6,553 109,835 * UBS Group AG(H42097107)............................ 8,192 136,643 Valiant Holding AG................................. 297 24,236 Valora Holding AG.................................. 83 20,082 Vaudoise Assurances Holding SA Class B............. 16 7,529 Vetropack Holding AG............................... 1 1,451 * Von Roll Holding AG................................ 3,134 4,436 Vontobel Holding AG................................ 667 22,297 Zehnder Group AG................................... 360 15,697 Zug Estates Holding AG............................. 2 2,796 Zurich Insurance Group AG.......................... 632 209,557 ---------- TOTAL SWITZERLAND...................................... 5,383,173 ---------- UNITED KINGDOM -- (18.1%) Aberdeen Asset Management P.L.C.................... 9,166 60,169 Acacia Mining P.L.C................................ 3,666 15,574 Admiral Group P.L.C................................ 2,727 59,324 * Afren P.L.C........................................ 28,429 2,289 * Aga Rangemaster Group P.L.C........................ 1,374 2,126 Aggreko P.L.C...................................... 5,691 132,730 Alent P.L.C........................................ 5,615 30,835 Amec Foster Wheeler P.L.C.......................... 6,221 74,380 Amlin P.L.C........................................ 11,811 86,543 Anglo American P.L.C............................... 6,007 100,339 Anglo Pacific Group P.L.C.......................... 2,760 3,514 Anite P.L.C........................................ 6,078 7,465 Antofagasta P.L.C.................................. 6,377 62,177 ARM Holdings P.L.C. Sponsored ADR.................. 1,380 64,639 # Ashmore Group P.L.C................................ 10,342 43,523 Ashtead Group P.L.C................................ 11,656 189,672 Associated British Foods P.L.C..................... 848 39,548 Aveva Group P.L.C.................................. 701 13,852 Aviva P.L.C........................................ 26,079 206,908 Aviva P.L.C. Sponsored ADR......................... 775 12,315 Babcock International Group P.L.C.................. 6,734 101,828 BAE Systems P.L.C.................................. 23,603 179,681 Balfour Beatty P.L.C............................... 11,524 38,480 Bank of Georgia Holdings P.L.C..................... 560 17,096 Barclays P.L.C. Sponsored ADR...................... 17,636 247,609 Barratt Developments P.L.C......................... 18,794 129,368 BBA Aviation P.L.C................................. 7,009 35,745 Beazley P.L.C...................................... 16,162 70,023 Bellway P.L.C...................................... 2,547 69,725 Berendsen P.L.C.................................... 5,958 99,710 Berkeley Group Holdings P.L.C...................... 2,385 86,935 BG Group P.L.C..................................... 20,371 271,706 BG Group P.L.C. Sponsored ADR...................... 7,000 95,235 # BHP Billiton P.L.C. ADR............................ 4,664 203,770 Bodycote P.L.C..................................... 4,401 45,003 Booker Group P.L.C................................. 14,954 33,570 Bovis Homes Group P.L.C............................ 3,407 42,531 932 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) BP P.L.C. Sponsored ADR............................ 18,223 $707,599 Brewin Dolphin Holdings P.L.C...................... 8,248 36,265 British Polythene Industries P.L.C................. 199 1,924 Britvic P.L.C...................................... 5,064 53,591 BT Group P.L.C..................................... 2,000 12,547 BT Group P.L.C. Sponsored ADR...................... 1,355 85,067 Bunzl P.L.C........................................ 1,565 44,582 Burberry Group P.L.C............................... 2,384 61,935 Cable & Wireless Communications P.L.C.............. 77,419 58,126 Cape P.L.C......................................... 2,763 8,682 Capita P.L.C....................................... 3,947 66,284 Carillion P.L.C.................................... 11,571 59,432 Carnival P.L.C. ADR................................ 808 36,004 Catlin Group, Ltd.................................. 10,223 107,219 Centamin P.L.C..................................... 1,892 1,911 Centrica P.L.C..................................... 39,742 175,382 Chemring Group P.L.C............................... 6,635 21,583 Chesnara P.L.C..................................... 3,877 20,523 Cineworld Group P.L.C.............................. 6,417 40,902 Clarkson P.L.C..................................... 451 12,761 Close Brothers Group P.L.C......................... 2,370 54,081 Cobham P.L.C....................................... 19,869 97,395 Coca-Cola HBC AG................................... 3,546 56,994 * Colt Group SA...................................... 10,617 21,186 Compass Group P.L.C................................ 3,498 60,308 Computacenter P.L.C................................ 2,953 28,704 Connect Group P.L.C................................ 3,718 7,915 Cranswick P.L.C.................................... 855 16,833 Croda International P.L.C.......................... 2,298 91,774 CSR P.L.C.......................................... 4,055 51,954 Daily Mail & General Trust P.L.C................... 4,069 52,713 Dairy Crest Group P.L.C............................ 3,431 25,237 Darty P.L.C........................................ 14,446 14,713 DCC P.L.C.......................................... 1,532 81,174 De La Rue P.L.C.................................... 2,442 18,998 Debenhams P.L.C.................................... 22,081 24,912 Development Securities P.L.C....................... 8,967 32,583 Devro P.L.C........................................ 5,357 22,673 Dialight P.L.C..................................... 163 1,722 Dignity P.L.C...................................... 489 13,696 Diploma P.L.C...................................... 2,852 32,695 Direct Line Insurance Group P.L.C.................. 16,486 77,314 Dixons Carphone P.L.C.............................. 13,393 87,524 Domino Printing Sciences P.L.C..................... 2,941 30,165 Domino's Pizza Group P.L.C......................... 1,949 19,731 Drax Group P.L.C................................... 6,750 36,625 DS Smith P.L.C..................................... 23,943 113,877 Dunelm Group P.L.C................................. 996 13,171 E2V Technologies P.L.C............................. 3,334 9,412 easyJet P.L.C...................................... 2,947 82,173 Electrocomponents P.L.C............................ 6,138 18,860 Elementis P.L.C.................................... 10,690 44,382 * EnQuest P.L.C...................................... 22,302 11,409 933 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) * Enterprise Inns P.L.C.............................. 21,041 $ 32,668 Essentra P.L.C..................................... 6,005 74,767 Euromoney Institutional Investor P.L.C............. 183 2,949 Evraz P.L.C........................................ 11,044 28,263 Experian P.L.C..................................... 6,398 112,739 Fenner P.L.C....................................... 7,156 19,871 Fidessa Group P.L.C................................ 721 26,006 * Findel P.L.C....................................... 841 2,671 * Firstgroup P.L.C................................... 31,411 46,879 Fresnillo P.L.C.................................... 1,776 23,989 Friends Life Group, Ltd............................ 35,580 212,764 G4S P.L.C.......................................... 34,716 148,762 Galliford Try P.L.C................................ 1,931 38,237 * Gem Diamonds, Ltd.................................. 2,700 5,741 GKN P.L.C.......................................... 29,585 163,393 Glencore P.L.C..................................... 31,754 118,397 Go-Ahead Group P.L.C............................... 487 18,083 Grafton Group P.L.C................................ 4,956 49,878 Greencore Group P.L.C.............................. 15,232 70,645 Greggs P.L.C....................................... 3,028 37,400 Halfords Group P.L.C............................... 7,465 49,806 Hargreaves Lansdown P.L.C.......................... 2,141 32,455 Hays P.L.C......................................... 23,736 55,309 Helical Bar P.L.C.................................. 3,459 19,864 Henderson Group P.L.C.............................. 19,149 68,261 Hill & Smith Holdings P.L.C........................ 3,928 35,981 Hilton Food Group P.L.C............................ 1,352 7,983 Hiscox, Ltd........................................ 7,199 79,517 Home Retail Group P.L.C............................ 24,821 71,695 Homeserve P.L.C.................................... 6,831 34,591 Howden Joinery Group P.L.C......................... 13,731 87,625 HSBC Holdings P.L.C. Sponsored ADR................. 14,529 664,266 Hunting P.L.C...................................... 2,655 15,806 Huntsworth P.L.C................................... 9,410 6,421 ICAP P.L.C......................................... 12,772 89,686 IG Group Holdings P.L.C............................ 9,898 107,399 * Imagination Technologies Group P.L.C............... 4,772 17,578 IMI P.L.C.......................................... 3,323 63,640 Inchcape P.L.C..................................... 9,922 103,644 Informa P.L.C...................................... 16,163 124,277 Inmarsat P.L.C..................................... 5,644 70,721 Innovation Group P.L.C............................. 35,464 15,607 InterContinental Hotels Group P.L.C. ADR........... 1,378 54,795 * International Consolidated Airlines Group SA....... 10,127 82,496 Interserve P.L.C................................... 2,216 17,799 Intertek Group P.L.C............................... 1,135 39,091 Investec P.L.C..................................... 12,086 101,549 ITV P.L.C.......................................... 22,994 76,099 J Sainsbury P.L.C.................................. 17,515 67,118 James Fisher & Sons P.L.C.......................... 588 9,739 Jardine Lloyd Thompson Group P.L.C................. 1,972 28,019 JD Sports Fashion P.L.C............................ 1,956 14,770 JD Wetherspoon P.L.C............................... 1,890 22,496 934 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) * JKX Oil & Gas P.L.C................................ 3,242 $ 623 John Menzies P.L.C................................. 319 1,785 John Wood Group P.L.C.............................. 7,193 61,784 Johnson Matthey P.L.C.............................. 1,902 93,034 * Johnston Press P.L.C............................... 194 488 Jupiter Fund Management P.L.C...................... 8,640 49,147 * KAZ Minerals P.L.C................................. 3,030 9,133 Kcom Group P.L.C................................... 8,494 10,573 Keller Group P.L.C................................. 1,520 20,348 Kier Group P.L.C................................... 1,019 23,988 Kingfisher P.L.C................................... 11,855 60,984 Laird P.L.C........................................ 6,889 33,026 * Lamprell P.L.C..................................... 3,344 5,460 Lancashire Holdings, Ltd........................... 2,958 27,126 Legal & General Group P.L.C........................ 23,323 93,668 * Liberty Global P.L.C. Class A...................... 331 15,480 * Liberty Global P.L.C. Series C..................... 817 37,269 * Lloyds Banking Group P.L.C......................... 224,117 248,280 * Lloyds Banking Group P.L.C. ADR.................... 71,132 312,269 London Stock Exchange Group P.L.C.................. 3,268 116,049 * Lonmin P.L.C....................................... 13,958 34,185 Lookers P.L.C...................................... 4,741 10,658 Low & Bonar P.L.C.................................. 7,100 5,473 Man Group P.L.C.................................... 41,451 111,592 Marks & Spencer Group P.L.C........................ 10,233 74,385 Marshalls P.L.C.................................... 2,962 10,888 McBride P.L.C...................................... 5,164 6,252 Mears Group P.L.C.................................. 3,694 23,114 Meggitt P.L.C...................................... 17,800 143,893 Melrose Industries P.L.C........................... 22,787 90,709 Michael Page International P.L.C................... 4,900 34,288 Micro Focus International P.L.C.................... 2,013 31,896 Millennium & Copthorne Hotels P.L.C................ 4,587 39,780 * Mitchells & Butlers P.L.C.......................... 4,465 28,559 Mitie Group P.L.C.................................. 12,872 52,287 Mondi P.L.C........................................ 6,454 115,132 Moneysupermarket.com Group P.L.C................... 1,933 7,631 Morgan Advanced Materials P.L.C.................... 9,000 41,092 Morgan Sindall Group P.L.C......................... 778 7,807 N Brown Group P.L.C................................ 2,652 17,182 National Express Group P.L.C....................... 13,863 53,176 National Grid P.L.C. Sponsored ADR................. 1,384 97,350 NCC Group P.L.C.................................... 2,085 7,080 Next P.L.C......................................... 908 98,671 Northgate P.L.C.................................... 3,835 35,649 Novae Group P.L.C.................................. 2,345 21,160 Old Mutual P.L.C................................... 25,796 80,479 Pace P.L.C......................................... 10,158 50,979 PayPoint P.L.C..................................... 593 7,395 Pearson P.L.C. Sponsored ADR....................... 4,891 99,092 Pendragon P.L.C.................................... 30,527 16,380 # Pennon Group P.L.C................................. 6,078 81,246 Persimmon P.L.C.................................... 6,375 152,611 935 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) * Petra Diamonds, Ltd................................ 4,104 $ 9,463 Petrofac, Ltd...................................... 5,259 55,717 * Petropavlovsk P.L.C................................ 3,187 648 Phoenix Group Holdings............................. 4,723 59,484 Phoenix IT Group P.L.C............................. 1,920 4,070 Playtech P.L.C..................................... 2,427 24,702 Premier Farnell P.L.C.............................. 3,194 8,120 * Premier Foods P.L.C................................ 28,858 18,777 Premier Oil P.L.C.................................. 13,691 29,683 Prudential P.L.C. ADR.............................. 2,454 119,117 * Punch Taverns P.L.C................................ 614 1,012 PZ Cussons P.L.C................................... 1,245 5,903 QinetiQ Group P.L.C................................ 15,195 42,697 * Quintain Estates & Development P.L.C............... 14,008 20,294 Randgold Resources, Ltd............................ 625 53,644 Redrow P.L.C....................................... 6,636 28,147 Reed Elsevier P.L.C................................ 1,825 31,684 Reed Elsevier P.L.C. Sponsored ADR................. 1,125 78,187 Regus P.L.C........................................ 13,221 40,196 Renishaw P.L.C..................................... 508 17,704 Rentokil Initial P.L.C............................. 30,662 55,823 Restaurant Group P.L.C. (The)...................... 4,010 43,268 Rexam P.L.C........................................ 15,461 98,798 Ricardo P.L.C...................................... 61 614 Rightmove P.L.C.................................... 1,847 64,524 Rio Tinto P.L.C.................................... 948 41,658 # Rio Tinto P.L.C. Sponsored ADR..................... 8,920 393,640 Rolls-Royce Holdings P.L.C......................... 2,292 30,621 Rotork P.L.C....................................... 1,522 52,613 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 9,206 99,977 # Royal Dutch Shell P.L.C............................ 5,982 382,788 Royal Dutch Shell P.L.C. ADR....................... 8,972 551,329 RPC Group P.L.C.................................... 6,026 49,054 RPS Group P.L.C.................................... 5,472 14,997 * RSA Insurance Group P.L.C.......................... 17,529 119,611 Sage Group P.L.C. (The)............................ 17,436 125,694 * Salamander Energy P.L.C............................ 2,521 2,659 Savills P.L.C...................................... 3,502 38,431 Schroders P.L.C.(0239581).......................... 320 10,765 Schroders P.L.C.(0240549).......................... 817 35,503 * SDL P.L.C.......................................... 2,030 12,938 Senior P.L.C....................................... 9,084 42,202 Serco Group P.L.C.................................. 7,406 17,159 * Severfield P.L.C................................... 5,353 5,451 Severn Trent P.L.C................................. 2,492 80,678 Shanks Group P.L.C................................. 13,706 20,260 SIG P.L.C.......................................... 12,895 35,762 Sky P.L.C.......................................... 2,707 37,750 Sky P.L.C. Sponsored ADR........................... 650 36,270 Soco International P.L.C........................... 5,498 21,588 Spectris P.L.C..................................... 3,001 94,304 Speedy Hire P.L.C.................................. 20,261 22,149 Spirax-Sarco Engineering P.L.C..................... 1,276 58,585 936 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) Spirent Communications P.L.C....................... 5,973 $ 7,975 Spirit Pub Co. P.L.C............................... 26,574 45,992 * Sports Direct International P.L.C.................. 1,936 20,647 SSE P.L.C.......................................... 7,349 177,836 St Ives P.L.C...................................... 388 1,043 St James's Place P.L.C............................. 7,870 101,254 ST Modwen Properties P.L.C......................... 7,361 46,300 Stagecoach Group P.L.C............................. 7,817 40,242 Standard Chartered P.L.C........................... 10,091 134,562 Standard Life P.L.C................................ 8,855 53,501 * SuperGroup P.L.C................................... 668 9,670 Synthomer P.L.C.................................... 9,204 33,645 TalkTalk Telecom Group P.L.C....................... 10,144 48,448 Tate & Lyle P.L.C.................................. 9,536 97,257 Taylor Wimpey P.L.C................................ 62,476 126,924 Telecity Group P.L.C............................... 5,366 69,518 Tesco P.L.C........................................ 52,504 177,551 * Thomas Cook Group P.L.C............................ 25,906 49,741 Topps Tiles P.L.C.................................. 4,341 7,873 Travis Perkins P.L.C............................... 4,039 116,550 * Trinity Mirror P.L.C............................... 7,656 19,852 TT electronics P.L.C............................... 3,593 5,965 TUI AG(5666292).................................... 2,519 44,297 * TUI AG(BSS7HQ3).................................... 3,032 52,420 Tullett Prebon P.L.C............................... 4,980 25,046 Tullow Oil P.L.C................................... 2,740 15,074 UBM P.L.C.......................................... 7,909 62,802 Ultra Electronics Holdings P.L.C................... 1,481 38,905 Unilever P.L.C. Sponsored ADR...................... 3,616 158,996 UNITE Group P.L.C. (The)........................... 6,382 47,005 United Utilities Group P.L.C....................... 1,895 29,247 UTV Media P.L.C.................................... 3,910 11,247 Vedanta Resources P.L.C............................ 2,812 15,713 Vesuvius P.L.C..................................... 6,354 41,953 Vodafone Group P.L.C............................... 16,629 58,476 Vodafone Group P.L.C. Sponsored ADR................ 8,539 299,988 Weir Group P.L.C. (The)............................ 3,917 98,755 WH Smith P.L.C..................................... 2,310 46,785 Whitbread P.L.C.................................... 1,256 94,276 WM Morrison Supermarkets P.L.C..................... 47,152 127,222 Wolseley P.L.C..................................... 1,318 76,402 Wolseley P.L.C. ADR................................ 2,684 15,457 WPP P.L.C. Sponsored ADR........................... 717 78,956 WS Atkins P.L.C.................................... 1,777 33,487 937 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ UNITED KINGDOM -- (Continued) Xchanging P.L.C.................................... 9,112 $ 21,472 ------------ TOTAL UNITED KINGDOM..................................... 18,652,988 ------------ UNITED STATES -- (0.0%) #* Chaparral Gold Corp................................ 500 236 ------------ TOTAL COMMON STOCKS...................................... 95,799,757 ------------ RIGHTS/WARRANTS -- (0.0%) SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA..... 1,203 612 * Banco Santander SA................................. 32,264 4,939 ------------ TOTAL SPAIN.............................................. 5,551 ------------ TOTAL RIGHTS/WARRANTS.................................... 5,551 ------------ SECURITIES LENDING COLLATERAL -- (7.0%) (S)@ DFA Short Term Investment Fund..................... 618,820 7,159,742 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $109,330,659)^^...... $102,965,050 ============ 938 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ----------- ------- ------------ Common Stocks Australia..................... $ 347,074 $ 6,113,468 -- $ 6,460,542 Austria....................... -- 435,468 -- 435,468 Belgium....................... 91,036 1,236,025 -- 1,327,061 Canada........................ 8,429,848 9,712 -- 8,439,560 China......................... -- 143 -- 143 Denmark....................... -- 1,084,540 -- 1,084,540 Finland....................... 235,449 1,600,851 -- 1,836,300 France........................ 614,553 7,192,875 -- 7,807,428 Germany....................... 275,174 6,269,983 -- 6,545,157 Greece........................ -- -- -- -- Hong Kong..................... -- 2,803,539 -- 2,803,539 Ireland....................... 96,050 416,335 -- 512,385 Israel........................ 27,559 414,536 -- 442,095 Italy......................... 231,025 2,401,511 -- 2,632,536 Japan......................... 838,555 19,525,190 -- 20,363,745 Netherlands................... 345,491 2,109,857 -- 2,455,348 New Zealand................... -- 320,714 -- 320,714 Norway........................ 54,281 826,794 -- 881,075 Portugal...................... 2,132 279,461 -- 281,593 Singapore..................... -- 1,392,246 -- 1,392,246 Spain......................... 471,050 2,222,621 -- 2,693,671 Sweden........................ 82,739 2,965,475 -- 3,048,214 Switzerland................... 383,734 4,999,439 -- 5,383,173 United Kingdom................ 5,031,780 13,621,208 -- 18,652,988 United States................. 236 -- -- 236 Rights/Warrants Spain......................... -- 5,551 -- 5,551 Securities Lending Collateral.... -- 7,159,742 -- 7,159,742 ----------- ----------- -- ------------ TOTAL............................ $17,557,766 $85,407,284 -- $102,965,050 =========== =========== == ============ 939 WORLD CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ------------ AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc....................... 3,488,935 $ 60,567,910 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc................... 4,357,666 50,810,391 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc................... 721,994 13,768,428 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $130,845,520)................................. 125,146,729 ------------ TEMPORARY CASH INVESTMENTS -- (0.0%) State Street Institutional Liquid Reserves, 0.089% (Cost $45,459)........................................ 45,459 45,459 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $130,890,979)^^.. $125,192,188 ============ 940 WORLD CORE EQUITY PORTFOLIO CONTINUED Summary of the Fund's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------- ------- ------------ Affiliated Investment Companies.......................... $125,146,729 -- -- $125,146,729 Temporary Cash Investments........... 45,459 -- -- 45,459 ------------ -- -- ------------ TOTAL................................ $125,192,188 -- -- $125,192,188 ============ == == ============ 941 DFA LTIP PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^^^ (000) VALUE+ --------- -------- U.S. TREASURY OBLIGATIONS -- (100.0%) Treasury Inflation Protected Security 0.625%, 02/15/43................................... $ 55 $ 58,058 1.375%, 02/15/44................................... 135 168,837 -------- TOTAL U.S. TREASURY OBLIGATIONS......................... 226,895 -------- TOTAL INVESTMENTS -- (100.0%) (Cost $217,733)^^......... $226,895 ======== 942 DFA LTIP PORTFOLIO CONTINUED Summary of the Fund's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------- ------- -------- U.S. Treasury Obligations............. -- $226,895 -- $226,895 -- -------- -- -------- TOTAL................................. -- $226,895 -- $226,895 == ======== == ======== 943 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------ ---------- COMMON STOCKS -- (89.0%) Consumer Discretionary -- (15.1%) * 1-800-Flowers.com, Inc. Class A.................... 3,000 $ 23,670 Aaron's, Inc....................................... 7,257 229,757 # Abercrombie & Fitch Co. Class A.................... 5,896 150,466 Advance Auto Parts, Inc............................ 1,745 277,455 #* Aeropostale, Inc................................... 6,474 15,797 AH Belo Corp. Class A.............................. 1,763 15,902 * Amazon.com, Inc.................................... 3,200 1,134,496 * Ambassadors Group, Inc............................. 1,110 2,797 #* AMC Networks, Inc. Class A......................... 2,764 184,359 * America's Car-Mart, Inc............................ 1,100 58,421 * American Axle & Manufacturing Holdings, Inc........ 5,209 126,839 # American Eagle Outfitters, Inc..................... 12,093 169,786 * American Public Education, Inc..................... 2,102 70,564 * ANN, Inc........................................... 6,568 217,401 * Apollo Education Group, Inc. Class A............... 12,336 311,607 Arctic Cat, Inc.................................... 1,500 50,430 Ark Restaurants Corp............................... 120 2,956 * Asbury Automotive Group, Inc....................... 3,549 263,371 * Ascena Retail Group, Inc........................... 13,414 155,066 #* Ascent Capital Group, Inc. Class A................. 900 38,079 # Autoliv, Inc....................................... 3,670 389,240 #* AutoNation, Inc.................................... 10,346 616,829 * AutoZone, Inc...................................... 600 358,176 * Ballantyne Strong, Inc............................. 900 3,681 #* Barnes & Noble, Inc................................ 6,223 146,178 Bassett Furniture Industries, Inc.................. 1,200 26,664 * Beazer Homes USA, Inc.............................. 1,140 18,012 # bebe stores, Inc................................... 14,150 50,657 #* Bed Bath & Beyond, Inc............................. 13,529 1,011,563 * Belmond, Ltd. Class A.............................. 7,773 85,425 Best Buy Co., Inc.................................. 20,502 721,670 Big 5 Sporting Goods Corp.......................... 2,401 28,596 Big Lots, Inc...................................... 6,317 290,013 * Biglari Holdings, Inc.............................. 180 74,515 * Bloomin' Brands, Inc............................... 14,057 347,419 #* Blue Nile, Inc..................................... 1,050 32,634 Blyth, Inc......................................... 1,150 8,522 # Bob Evans Farms, Inc............................... 2,625 147,971 # Bon-Ton Stores, Inc. (The)......................... 1,300 7,124 * Books-A-Million, Inc............................... 600 1,512 BorgWarner, Inc.................................... 9,132 493,219 #* Bridgepoint Education, Inc......................... 3,580 35,335 * Bright Horizons Family Solutions, Inc.............. 3,981 193,278 Brinker International, Inc......................... 3,391 198,136 Brown Shoe Co., Inc................................ 3,754 106,576 # Brunswick Corp..................................... 6,716 364,544 # Buckle, Inc. (The)................................. 1,193 60,592 * Build-A-Bear Workshop, Inc......................... 1,400 28,868 #* Cabela's, Inc...................................... 4,090 224,745 # Cablevision Systems Corp. Class A.................. 10,000 189,200 # Callaway Golf Co................................... 8,715 71,114 944 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) * Cambium Learning Group, Inc........................ 2,515 $ 6,313 Capella Education Co............................... 1,586 107,832 * Career Education Corp.............................. 8,336 46,515 #* CarMax, Inc........................................ 9,225 572,872 * Carmike Cinemas, Inc............................... 2,000 55,340 Carnival Corp...................................... 6,048 265,870 # Carriage Services, Inc............................. 1,100 23,980 * Carrols Restaurant Group, Inc...................... 3,178 25,297 Carter's, Inc...................................... 3,483 283,830 Cato Corp. (The) Class A........................... 2,682 113,717 * Cavco Industries, Inc.............................. 680 49,987 CBS Corp. Class A.................................. 334 18,689 CBS Corp. Class B.................................. 17,100 937,251 #* Charles & Colvard, Ltd............................. 612 1,102 * Charter Communications, Inc. Class A............... 2,549 385,192 # Cheesecake Factory, Inc. (The)..................... 6,609 347,039 Cherokee, Inc...................................... 813 14,780 Chico's FAS, Inc................................... 15,122 252,235 Children's Place, Inc. (The)....................... 1,700 101,915 * Chipotle Mexican Grill, Inc........................ 600 425,904 Choice Hotels International, Inc................... 2,560 147,072 * Christopher & Banks Corp........................... 3,927 20,460 Cinemark Holdings, Inc............................. 10,924 406,045 * Citi Trends, Inc................................... 1,712 39,188 Clear Channel Outdoor Holdings, Inc. Class A....... 1,900 17,195 ClubCorp Holdings, Inc............................. 4,973 84,591 Coach, Inc......................................... 4,576 170,181 Collectors Universe, Inc........................... 700 16,450 Columbia Sportswear Co............................. 5,896 250,580 Comcast Corp. Class A.............................. 88,751 4,716,672 # Comcast Corp. Special Class A...................... 19,644 1,039,168 #* Conn's, Inc........................................ 3,060 48,164 Cooper Tire & Rubber Co............................ 6,800 236,572 * Cooper-Standard Holding, Inc....................... 200 10,450 # Cracker Barrel Old Country Store, Inc.............. 2,523 339,369 * Crocs, Inc......................................... 8,959 94,965 * Crown Media Holdings, Inc. Class A................. 10,200 32,640 CSS Industries, Inc................................ 200 5,440 CST Brands, Inc.................................... 9,159 394,753 Culp, Inc.......................................... 1,000 20,090 * Cumulus Media, Inc. Class A........................ 6,797 23,654 Dana Holding Corp.................................. 20,008 417,567 * Deckers Outdoor Corp............................... 2,737 180,779 Delphi Automotive P.L.C............................ 4,900 336,777 * Delta Apparel, Inc................................. 600 5,550 * Denny's Corp....................................... 4,879 53,084 Destination Maternity Corp......................... 1,363 20,868 #* Destination XL Group, Inc.......................... 3,677 18,679 DeVry Education Group, Inc......................... 5,721 242,628 * Diamond Resorts International, Inc................. 1,869 53,042 Dick's Sporting Goods, Inc......................... 8,148 420,844 Dillard's, Inc. Class A............................ 4,250 482,800 DineEquity, Inc.................................... 2,703 288,545 945 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * DIRECTV............................................ 3,462 $ 295,239 * Discovery Communications, Inc...................... 5,600 156,128 #* Discovery Communications, Inc. Class A............. 3,100 89,854 * Discovery Communications, Inc. Class B............. 100 2,808 * DISH Network Corp. Class A......................... 1,778 125,082 #* Dixie Group, Inc. (The)............................ 200 1,616 * Dollar General Corp................................ 15,997 1,072,759 * Dollar Tree, Inc................................... 4,902 348,532 Domino's Pizza, Inc................................ 2,400 237,720 #* Dorman Products, Inc............................... 4,152 189,871 DR Horton, Inc..................................... 12,343 302,650 #* DreamWorks Animation SKG, Inc. Class A............. 6,140 114,634 * Drew Industries, Inc............................... 2,948 148,225 DSW, Inc. Class A.................................. 6,303 224,135 Dunkin' Brands Group, Inc.......................... 7,139 337,746 Emerson Radio Corp................................. 1,100 1,144 #* Entercom Communications Corp. Class A.............. 2,204 25,500 # Entravision Communications Corp. Class A........... 7,957 49,095 # Escalade, Inc...................................... 350 5,334 # Ethan Allen Interiors, Inc......................... 2,800 76,216 * EVINE Live, Inc.................................... 3,340 20,942 #* EW Scripps Co. (The) Class A....................... 3,700 73,001 Expedia, Inc....................................... 2,653 227,972 * Express, Inc....................................... 6,979 91,285 Family Dollar Stores, Inc.......................... 2,210 168,181 * Famous Dave's Of America, Inc...................... 843 25,518 * Federal-Mogul Holdings Corp........................ 7,266 98,309 * Fiesta Restaurant Group, Inc....................... 1,467 86,656 Finish Line, Inc. (The) Class A.................... 5,243 123,735 #* Five Below, Inc.................................... 3,641 121,318 Flexsteel Industries, Inc.......................... 648 19,310 Foot Locker, Inc................................... 7,734 411,603 Ford Motor Co...................................... 146,202 2,150,631 * Fossil Group, Inc.................................. 3,088 302,006 * Fox Factory Holding Corp........................... 3,823 58,071 * Francesca's Holdings Corp.......................... 925 14,671 # Fred's, Inc. Class A............................... 3,637 60,374 * FTD Cos., Inc...................................... 1,811 62,027 #* Fuel Systems Solutions, Inc........................ 2,116 22,726 #* G-III Apparel Group, Ltd........................... 1,994 193,817 * Gaiam, Inc. Class A................................ 597 4,370 # GameStop Corp. Class A............................. 12,200 430,050 * Gaming Partners International Corp................. 400 3,316 Gannett Co., Inc................................... 10,017 310,627 Gap, Inc. (The).................................... 7,608 313,374 # Garmin, Ltd........................................ 6,797 355,891 * Geeknet, Inc....................................... 200 1,568 General Motors Co.................................. 41,004 1,337,550 * Genesco, Inc....................................... 2,198 157,047 Gentex Corp........................................ 23,195 387,125 * Gentherm, Inc...................................... 3,727 137,079 # Genuine Parts Co................................... 5,012 465,815 GNC Holdings, Inc. Class A......................... 9,100 403,494 946 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Goodyear Tire & Rubber Co. (The)................... 10,101 $ 244,848 #* Gordmans Stores, Inc............................... 1,178 4,359 Graham Holdings Co. Class B........................ 500 467,660 * Grand Canyon Education, Inc........................ 4,656 204,026 * Gray Television, Inc............................... 5,793 54,802 Group 1 Automotive, Inc............................ 2,194 176,376 #* Groupon, Inc....................................... 12,334 88,311 Guess?, Inc........................................ 6,685 125,544 H&R Block, Inc..................................... 6,388 218,981 Hanesbrands, Inc................................... 2,400 267,312 Harley-Davidson, Inc............................... 8,457 521,797 Harman International Industries, Inc............... 1,536 199,112 Harte-Hanks, Inc................................... 4,994 36,306 # Hasbro, Inc........................................ 2,220 121,922 Haverty Furniture Cos., Inc........................ 2,057 50,253 * Helen of Troy, Ltd................................. 2,520 189,554 #* hhgregg, Inc....................................... 2,852 15,657 #* Hibbett Sports, Inc................................ 1,700 79,968 Home Depot, Inc. (The)............................. 13,137 1,371,766 Hooker Furniture Corp.............................. 554 9,994 #* Hovnanian Enterprises, Inc. Class A................ 5,995 20,623 HSN, Inc........................................... 3,549 274,835 * Hyatt Hotels Corp. Class A......................... 906 50,972 #* Iconix Brand Group, Inc............................ 5,768 191,728 International Speedway Corp. Class A............... 2,160 62,834 Interpublic Group of Cos., Inc. (The).............. 9,100 181,454 Interval Leisure Group, Inc........................ 5,157 119,024 #* iRobot Corp........................................ 1,239 39,090 #* ITT Educational Services, Inc...................... 800 5,816 Jack in the Box, Inc............................... 4,864 412,419 * JAKKS Pacific, Inc................................. 496 2,986 * Jamba, Inc......................................... 1,100 18,073 #* JC Penney Co., Inc................................. 20,488 148,948 John Wiley & Sons, Inc. Class A.................... 4,258 263,826 John Wiley & Sons, Inc. Class B.................... 142 8,771 Johnson Controls, Inc.............................. 14,906 692,682 Johnson Outdoors, Inc. Class A..................... 467 14,010 * Journal Communications, Inc. Class A............... 3,665 36,833 * K12, Inc........................................... 4,300 61,146 * Kate Spade & Co.................................... 1,971 62,146 # KB Home............................................ 6,016 74,959 #* Kirkland's, Inc.................................... 1,734 40,350 # Kohl's Corp........................................ 12,093 722,194 #* Krispy Kreme Doughnuts, Inc........................ 4,347 84,636 L Brands, Inc...................................... 4,500 380,835 La-Z-Boy, Inc...................................... 5,515 147,195 * Lakeland Industries, Inc........................... 300 2,550 #* Lands' End, Inc.................................... 1,188 41,212 #* LeapFrog Enterprises, Inc.......................... 6,900 16,422 Lear Corp.......................................... 4,497 451,274 * Learning Tree International, Inc................... 700 1,393 #* Lee Enterprises, Inc............................... 1,100 3,245 # Leggett & Platt, Inc............................... 9,777 416,794 947 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) # Lennar Corp. Class A............................... 6,286 $ 282,304 Lennar Corp. Class B............................... 755 27,263 Libbey, Inc........................................ 4,404 144,055 * Liberty Broadband Corp.(530307206)................. 21 1,040 * Liberty Broadband Corp.(530307305)................. 2,392 106,205 * Liberty Broadband Corp. Class A.................... 782 34,776 * Liberty Global P.L.C. Class A...................... 9,603 448,652 * Liberty Global P.L.C. Series C..................... 22,169 1,010,685 * Liberty Interactive Corp. Class A.................. 21,246 581,291 #* Liberty Interactive Corp. Class B.................. 60 1,754 * Liberty Media Corp................................. 7,935 270,742 * Liberty Media Corp. Class A........................ 3,630 123,602 * Liberty Media Corp. Class B........................ 87 3,450 * Liberty Tax, Inc................................... 1,200 43,200 * Liberty TripAdvisor Holdings, Inc. Class A......... 6,006 143,784 * Liberty TripAdvisor Holdings, Inc. Class B......... 6 152 * Liberty Ventures Series A.......................... 9,021 336,934 #* Liberty Ventures Series B.......................... 14 547 #* Life Time Fitness, Inc............................. 4,100 224,147 Lifetime Brands, Inc............................... 706 11,141 Lincoln Educational Services Corp.................. 1,400 3,640 Lions Gate Entertainment Corp...................... 3,604 103,543 Lithia Motors, Inc. Class A........................ 2,490 210,903 * Live Nation Entertainment, Inc..................... 15,465 367,603 * LKQ Corp........................................... 14,400 371,664 * Loral Space & Communications, Inc.................. 771 55,443 Lowe's Cos., Inc................................... 13,724 929,938 * Luby's, Inc........................................ 1,850 9,028 #* Lululemon Athletica, Inc........................... 1,368 90,616 #* Lumber Liquidators Holdings, Inc................... 1,700 107,355 * M/I Homes, Inc..................................... 2,700 55,728 Macy's, Inc........................................ 7,756 495,453 * Madison Square Garden Co. (The) Class A............ 6,368 482,376 Marcus Corp. (The)................................. 1,500 28,290 Marine Products Corp............................... 880 6,362 #* MarineMax, Inc..................................... 2,363 60,280 # Marriott International, Inc. Class A............... 3,903 290,773 Marriott Vacations Worldwide Corp.................. 2,857 218,560 #* Martha Stewart Living Omnimedia, Inc. Class A...... 3,017 13,999 # Mattel, Inc........................................ 12,574 338,241 #* Mattress Firm Holding Corp......................... 851 49,035 * McClatchy Co. (The) Class A........................ 6,574 16,501 McDonald's Corp.................................... 12,152 1,123,331 # MDC Holdings, Inc.................................. 4,744 118,600 * Media General, Inc................................. 1,600 22,880 Men's Wearhouse, Inc. (The)........................ 4,405 204,700 # Meredith Corp...................................... 2,985 155,399 #* Meritage Homes Corp................................ 3,886 141,489 * Michael Kors Holdings, Ltd......................... 3,600 254,844 * Modine Manufacturing Co............................ 4,909 59,841 * Mohawk Industries, Inc............................. 2,525 416,726 # Monro Muffler Brake, Inc........................... 2,496 142,621 Morningstar, Inc................................... 2,397 159,616 948 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) * Motorcar Parts of America, Inc..................... 2,025 $ 52,893 Movado Group, Inc.................................. 1,800 43,254 * Murphy USA, Inc.................................... 6,295 439,454 NACCO Industries, Inc. Class A..................... 500 27,525 * Nathan's Famous, Inc............................... 300 24,132 # National CineMedia, Inc............................ 4,358 62,755 * Nautilus, Inc...................................... 2,810 40,014 * Netflix, Inc....................................... 400 176,720 * New York & Co., Inc................................ 5,501 12,652 # New York Times Co. (The) Class A................... 16,087 202,535 Newell Rubbermaid, Inc............................. 4,436 163,555 * News Corp. Class A................................. 12,298 183,117 #* News Corp. Class B................................. 6,275 90,611 # Nexstar Broadcasting Group, Inc. Class A........... 1,958 97,694 NIKE, Inc. Class B................................. 5,496 507,006 #* Noodles & Co....................................... 700 17,990 Nordstrom, Inc..................................... 4,469 340,538 * Norwegian Cruise Line Holdings, Ltd................ 5,037 220,419 # Nutrisystem, Inc................................... 2,677 47,704 * NVR, Inc........................................... 100 125,423 * O'Reilly Automotive, Inc........................... 2,219 415,752 * Office Depot, Inc.................................. 42,218 320,857 # Omnicom Group, Inc................................. 5,266 383,365 * Orbitz Worldwide, Inc.............................. 7,538 69,576 #* Outerwall, Inc..................................... 1,885 117,021 #* Overstock.com, Inc................................. 945 21,149 Oxford Industries, Inc............................. 2,069 115,740 #* Pacific Sunwear of California, Inc................. 4,200 11,550 #* Panera Bread Co. Class A........................... 1,200 206,232 # Papa John's International, Inc..................... 2,782 176,546 Penske Automotive Group, Inc....................... 8,775 424,271 * Pep Boys-Manny, Moe & Jack (The)................... 4,400 37,092 #* Perfumania Holdings, Inc........................... 260 1,468 * Perry Ellis International, Inc..................... 1,310 31,322 # PetMed Express, Inc................................ 1,883 29,563 PetSmart, Inc...................................... 2,200 179,751 # Pier 1 Imports, Inc................................ 8,159 137,153 # Polaris Industries, Inc............................ 1,500 216,885 Pool Corp.......................................... 2,790 173,566 * Popeyes Louisiana Kitchen, Inc..................... 1,622 93,135 * Priceline Group, Inc. (The)........................ 300 302,844 PulteGroup, Inc.................................... 12,645 260,361 PVH Corp........................................... 2,820 310,933 #* Quiksilver, Inc.................................... 15,874 29,684 Ralph Lauren Corp.................................. 2,695 449,769 * Red Lion Hotels Corp............................... 1,300 8,346 * Red Robin Gourmet Burgers, Inc..................... 1,336 103,540 # Regal Entertainment Group Class A.................. 5,943 125,754 * Regis Corp......................................... 4,206 66,245 Remy International, Inc............................ 3,079 65,490 # Rent-A-Center, Inc................................. 5,251 180,004 #* Rentrak Corp....................................... 600 46,158 #* Restoration Hardware Holdings, Inc................. 1,200 105,036 949 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Rocky Brands, Inc.................................. 402 $ 5,511 Ross Stores, Inc................................... 4,145 380,138 # Royal Caribbean Cruises, Ltd....................... 9,989 754,669 * Ruby Tuesday, Inc.................................. 5,355 32,237 # Ryland Group, Inc. (The)........................... 4,627 185,774 Salem Communications Corp. Class A................. 1,500 10,455 * Sally Beauty Holdings, Inc......................... 6,985 217,094 Scholastic Corp.................................... 2,300 84,594 # Scripps Networks Interactive, Inc. Class A......... 2,293 163,009 #* Sears Holdings Corp................................ 6,666 212,245 SeaWorld Entertainment, Inc........................ 1,953 34,197 * Select Comfort Corp................................ 5,337 159,256 Service Corp. International........................ 23,289 527,030 * Shiloh Industries, Inc............................. 800 9,784 Shoe Carnival, Inc................................. 1,830 42,493 #* Shutterfly, Inc.................................... 3,960 173,725 Signet Jewelers, Ltd............................... 1,712 207,340 # Sinclair Broadcast Group, Inc. Class A............. 4,043 100,024 #* Sirius XM Holdings, Inc............................ 51,304 182,129 Six Flags Entertainment Corp....................... 5,326 228,805 * Sizmek, Inc........................................ 2,881 17,171 #* Skechers U.S.A., Inc. Class A...................... 3,792 228,847 * Skullcandy, Inc.................................... 1,600 16,032 * Skyline Corp....................................... 400 1,500 Sonic Automotive, Inc. Class A..................... 3,663 90,220 Sonic Corp......................................... 4,575 138,485 # Sotheby's.......................................... 6,252 266,023 Spartan Motors, Inc................................ 3,249 16,927 Speedway Motorsports, Inc.......................... 3,766 83,944 Stage Stores, Inc.................................. 2,867 57,340 Standard Motor Products, Inc....................... 2,454 89,473 #* Standard Pacific Corp.............................. 26,336 184,879 * Stanley Furniture Co., Inc......................... 661 1,957 # Staples, Inc....................................... 28,472 485,448 Starbucks Corp..................................... 7,256 635,118 Starwood Hotels & Resorts Worldwide, Inc........... 2,841 204,467 #* Starz.............................................. 5,158 152,264 * Starz Class B...................................... 87 2,589 Stein Mart, Inc.................................... 3,005 41,349 * Steiner Leisure, Ltd............................... 1,169 50,992 * Steven Madden, Ltd................................. 6,225 213,767 * Stoneridge, Inc.................................... 2,545 32,118 # Strattec Security Corp............................. 200 12,600 #* Strayer Education, Inc............................. 800 53,600 # Sturm Ruger & Co., Inc............................. 1,000 40,400 # Superior Industries International, Inc............. 2,981 54,403 Superior Uniform Group, Inc........................ 493 18,709 Sypris Solutions, Inc.............................. 1,400 3,353 #* Systemax, Inc...................................... 2,256 29,486 Target Corp........................................ 18,179 1,338,156 #* Taylor Morrison Home Corp. Class A................. 1,759 31,257 * Tempur Sealy International, Inc.................... 2,572 141,537 * Tenneco, Inc....................................... 3,072 157,962 950 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) #* Tesla Motors, Inc.................................. 480 $ 97,728 # Texas Roadhouse, Inc............................... 7,300 245,207 Thor Industries, Inc............................... 4,088 230,359 Tiffany & Co....................................... 2,128 184,370 * Tile Shop Holdings, Inc............................ 500 4,060 Time Warner Cable, Inc............................. 7,128 970,335 Time Warner, Inc................................... 39,036 3,042,075 Time, Inc.......................................... 3,528 88,341 TJX Cos., Inc. (The)............................... 7,317 482,483 #* Toll Brothers, Inc................................. 12,051 417,206 * Tower International, Inc........................... 2,023 47,884 Town Sports International Holdings, Inc............ 1,582 10,410 Tractor Supply Co.................................. 3,032 246,107 Trans World Entertainment Corp..................... 200 694 * TRI Pointe Homes, Inc.............................. 5,392 77,267 * TripAdvisor, Inc................................... 2,369 158,747 * TRW Automotive Holdings Corp....................... 6,473 667,819 #* Tuesday Morning Corp............................... 1,700 30,090 #* Tumi Holdings, Inc................................. 6,460 146,448 Tupperware Brands Corp............................. 1,375 92,964 Twenty-First Century Fox, Inc. Class A............. 17,984 596,349 Twenty-First Century Fox, Inc. Class B............. 6,200 197,470 * Ulta Salon Cosmetics & Fragrance, Inc.............. 3,400 448,596 * Under Armour, Inc. Class A......................... 2,600 187,408 * Unifi, Inc......................................... 1,402 45,186 * Universal Electronics, Inc......................... 1,382 88,089 Universal Technical Institute, Inc................. 1,356 11,079 #* Urban Outfitters, Inc.............................. 13,102 456,736 * US Auto Parts Network, Inc......................... 1,256 2,952 Vail Resorts, Inc.................................. 3,704 325,063 Value Line, Inc.................................... 213 3,231 VF Corp............................................ 3,356 232,806 Viacom, Inc. Class A............................... 100 6,484 Viacom, Inc. Class B............................... 3,419 220,252 * Vince Holding Corp................................. 1,500 35,175 * Visteon Corp....................................... 5,291 512,962 #* Vitamin Shoppe, Inc................................ 2,349 99,292 * VOXX International Corp............................ 1,300 10,400 Walt Disney Co. (The).............................. 26,665 2,425,448 #* Weight Watchers International, Inc................. 800 13,248 # Wendy's Co. (The).................................. 34,658 365,295 * West Marine, Inc................................... 2,272 27,264 # Weyco Group, Inc................................... 547 14,780 Whirlpool Corp..................................... 3,820 760,486 * William Lyon Homes Class A......................... 1,200 22,896 Williams-Sonoma, Inc............................... 2,819 220,587 # Winmark Corp....................................... 400 32,604 # Winnebago Industries, Inc.......................... 3,180 63,250 # Wolverine World Wide, Inc.......................... 8,879 249,944 Wyndham Worldwide Corp............................. 8,894 745,228 Yum! Brands, Inc................................... 4,038 291,867 * Zagg, Inc.......................................... 3,143 18,952 951 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) * Zumiez, Inc........................................ 3,207 $ 119,589 ----------- Total Consumer Discretionary........................... 90,133,014 ----------- Consumer Staples -- (5.2%) # Alico, Inc......................................... 422 20,062 Andersons, Inc. (The).............................. 2,371 106,648 # Avon Products, Inc................................. 13,732 106,286 # B&G Foods, Inc..................................... 7,569 225,859 #* Boulder Brands, Inc................................ 5,333 53,490 Bunge, Ltd......................................... 5,911 529,212 # Cal-Maine Foods, Inc............................... 4,030 141,252 Calavo Growers, Inc................................ 1,558 62,491 # Campbell Soup Co................................... 7,170 327,956 Casey's General Stores, Inc........................ 4,856 443,353 * Central Garden and Pet Co.......................... 800 6,760 * Central Garden and Pet Co. Class A................. 4,600 41,860 #* Chefs' Warehouse, Inc. (The)....................... 1,800 38,502 Clorox Co. (The)................................... 2,877 307,005 # Coca-Cola Bottling Co. Consolidated................ 835 81,446 Coca-Cola Co. (The)................................ 47,418 1,952,199 Coca-Cola Enterprises, Inc......................... 8,300 349,430 Colgate-Palmolive Co............................... 8,974 605,924 ConAgra Foods, Inc................................. 15,379 544,878 Costco Wholesale Corp.............................. 5,196 742,976 # Coty, Inc. Class A................................. 1,300 24,726 CVS Health Corp.................................... 31,331 3,075,451 * Darling Ingredients, Inc........................... 13,939 236,684 # Dean Foods Co...................................... 9,594 173,843 * Diamond Foods, Inc................................. 1,200 29,496 Dr Pepper Snapple Group, Inc....................... 7,891 609,738 Energizer Holdings, Inc............................ 3,067 392,607 Estee Lauder Cos., Inc. (The) Class A.............. 2,200 155,298 * Farmer Bros. Co.................................... 1,692 50,608 Flowers Foods, Inc................................. 17,495 342,202 Fresh Del Monte Produce, Inc....................... 5,871 197,442 #* Fresh Market, Inc. (The)........................... 3,200 121,952 General Mills, Inc................................. 8,133 426,820 #* Hain Celestial Group, Inc. (The)................... 5,000 263,850 # Herbalife, Ltd..................................... 2,380 72,542 Hormel Foods Corp.................................. 8,478 434,243 Ingles Markets, Inc. Class A....................... 1,571 67,003 # Ingredion, Inc..................................... 7,490 603,994 Inter Parfums, Inc................................. 2,557 64,309 * Inventure Foods, Inc............................... 2,048 20,828 J&J Snack Foods Corp............................... 1,284 125,986 JM Smucker Co. (The)............................... 4,849 500,174 John B. Sanfilippo & Son, Inc...................... 600 21,882 Kellogg Co......................................... 3,818 250,384 Keurig Green Mountain, Inc......................... 1,345 164,843 Kimberly-Clark Corp................................ 3,648 393,838 Kraft Foods Group, Inc............................. 5,822 380,409 Kroger Co. (The)................................... 6,043 417,269 Lancaster Colony Corp.............................. 2,193 197,216 952 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Staples -- (Continued) * Landec Corp........................................ 2,183 $ 27,877 #* Lifeway Foods, Inc................................. 300 5,490 Limoneira Co....................................... 1,022 21,258 * Mannatech, Inc..................................... 40 748 McCormick & Co., Inc.(579780107)................... 90 6,456 # McCormick & Co., Inc.(579780206)................... 1,951 139,282 Mead Johnson Nutrition Co.......................... 3,300 325,017 #* Medifast, Inc...................................... 1,758 55,711 Mondelez International, Inc. Class A............... 31,790 1,120,280 * Monster Beverage Corp.............................. 3,919 458,327 * National Beverage Corp............................. 2,957 64,285 #* Natural Grocers by Vitamin Cottage, Inc............ 2,621 80,727 # Nu Skin Enterprises, Inc. Class A.................. 900 36,882 * Nutraceutical International Corp................... 500 9,770 Oil-Dri Corp. of America........................... 300 9,186 * Omega Protein Corp................................. 1,690 17,813 Orchids Paper Products Co.......................... 552 15,053 * Pantry, Inc. (The)................................. 2,245 82,841 PepsiCo, Inc....................................... 21,670 2,032,213 # Pilgrim's Pride Corp............................... 4,440 120,546 Pinnacle Foods, Inc................................ 10,424 374,951 #* Post Holdings, Inc................................. 3,456 163,296 # Pricesmart, Inc.................................... 2,368 193,655 Procter & Gamble Co. (The)......................... 42,243 3,560,662 * Revlon, Inc. Class A............................... 2,472 80,933 * Rite Aid Corp...................................... 19,981 139,467 Rocky Mountain Chocolate Factory, Inc.............. 400 5,420 # Sanderson Farms, Inc............................... 3,290 263,068 * Seneca Foods Corp. Class A......................... 600 15,528 # Snyder's-Lance, Inc................................ 5,772 167,907 SpartanNash Co..................................... 3,500 90,160 Spectrum Brands Holdings, Inc...................... 4,780 428,670 #* Sprouts Farmers Market, Inc........................ 4,788 174,331 #* SUPERVALU, Inc..................................... 18,800 183,112 # Sysco Corp......................................... 6,790 265,964 # Tootsie Roll Industries, Inc....................... 1,608 50,154 #* TreeHouse Foods, Inc............................... 3,672 333,050 Tyson Foods, Inc. Class A.......................... 16,918 660,479 * United Natural Foods, Inc.......................... 3,163 244,437 * USANA Health Sciences, Inc......................... 1,200 117,648 Village Super Market, Inc. Class A................. 548 15,876 Walgreens Boots Alliance, Inc...................... 18,804 1,386,795 # WD-40 Co........................................... 1,300 106,678 Weis Markets, Inc.................................. 2,323 106,463 * WhiteWave Foods Co. (The) Class A.................. 8,410 277,278 Whole Foods Market, Inc............................ 7,041 366,801 ----------- Total Consumer Staples................................. 30,905,771 ----------- Energy -- (9.9%) Adams Resources & Energy, Inc...................... 317 18,399 Alon USA Energy, Inc............................... 6,898 83,328 #* Alpha Natural Resources, Inc....................... 19,979 20,778 Anadarko Petroleum Corp............................ 19,543 1,597,640 953 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) Apache Corp........................................ 11,694 $ 731,694 #* Approach Resources, Inc............................ 1,880 11,788 # Arch Coal, Inc..................................... 5,856 5,430 Atwood Oceanics, Inc............................... 5,597 159,962 Baker Hughes, Inc.................................. 11,739 680,745 * Basic Energy Services, Inc......................... 4,510 26,519 #* Bill Barrett Corp.................................. 3,669 37,424 #* Bonanza Creek Energy, Inc.......................... 5,427 141,536 # Bristow Group, Inc................................. 3,443 191,810 #* C&J Energy Services, Inc........................... 4,789 49,327 Cabot Oil & Gas Corp............................... 29,402 779,153 #* California Resources Corp.......................... 12,042 61,655 * Callon Petroleum Co................................ 4,300 23,435 * Cameron International Corp......................... 8,927 399,751 # CARBO Ceramics, Inc................................ 2,000 65,560 * Carrizo Oil & Gas, Inc............................. 5,488 247,509 * Cheniere Energy, Inc............................... 5,300 378,314 # Chesapeake Energy Corp............................. 43,668 837,552 Chevron Corp....................................... 52,178 5,349,810 Cimarex Energy Co.................................. 6,236 643,555 * Clayton Williams Energy, Inc....................... 1,500 83,850 #* Clean Energy Fuels Corp............................ 6,207 25,883 #* Cloud Peak Energy, Inc............................. 5,067 34,405 #* Cobalt International Energy, Inc................... 8,455 77,110 # Comstock Resources, Inc............................ 4,683 18,919 * Concho Resources, Inc.............................. 6,322 700,794 ConocoPhillips..................................... 49,508 3,118,014 # CONSOL Energy, Inc................................. 7,580 219,441 * Contango Oil & Gas Co.............................. 1,565 47,060 #* Continental Resources, Inc......................... 1,400 63,560 # Core Laboratories NV............................... 700 64,925 # CVR Energy, Inc.................................... 4,948 189,607 Dawson Geophysical Co.............................. 600 6,474 Delek US Holdings, Inc............................. 6,086 187,753 # Denbury Resources, Inc............................. 24,776 170,954 Devon Energy Corp.................................. 11,789 710,523 DHT Holdings, Inc.................................. 2,476 18,199 # Diamond Offshore Drilling, Inc..................... 9,260 291,968 * Diamondback Energy, Inc............................ 2,821 194,621 * Dresser-Rand Group, Inc............................ 3,422 274,034 * Dril-Quip, Inc..................................... 2,252 167,166 #* Emerald Oil, Inc................................... 3,042 2,504 Energen Corp....................................... 2,829 179,415 # Energy XXI, Ltd.................................... 6,596 19,392 * ENGlobal Corp...................................... 1,300 2,340 EnLink Midstream LLC............................... 6,259 198,035 EOG Resources, Inc................................. 25,313 2,253,616 EQT Corp........................................... 2,323 172,924 * Era Group, Inc..................................... 1,769 39,838 Evolution Petroleum Corp........................... 900 6,615 Exterran Holdings, Inc............................. 6,071 164,585 Exxon Mobil Corp................................... 147,900 12,929,418 * FieldPoint Petroleum Corp.......................... 100 181 954 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Energy -- (Continued) * FMC Technologies, Inc.............................. 13,371 $ 501,145 * Forum Energy Technologies, Inc..................... 4,826 74,562 # GasLog, Ltd........................................ 3,696 64,643 * Gastar Exploration, Inc............................ 5,400 12,636 #* Geospace Technologies Corp......................... 961 23,045 #* Goodrich Petroleum Corp............................ 528 1,331 # Green Plains, Inc.................................. 3,474 81,326 * Gulf Coast Ultra Deep Royalty Trust................ 12,505 13,380 # Gulf Island Fabrication, Inc....................... 1,358 22,502 # Gulfmark Offshore, Inc. Class A.................... 1,928 38,039 * Gulfport Energy Corp............................... 5,071 195,183 #* Halcon Resources Corp.............................. 24,970 34,958 Halliburton Co..................................... 18,616 744,454 * Helix Energy Solutions Group, Inc.................. 10,286 193,068 # Helmerich & Payne, Inc............................. 5,370 319,837 #* Hercules Offshore, Inc............................. 13,737 9,891 Hess Corp.......................................... 7,612 513,734 HollyFrontier Corp................................. 10,348 371,700 * Hornbeck Offshore Services, Inc.................... 2,781 61,738 * ION Geophysical Corp............................... 16,050 36,112 #* Jones Energy, Inc. Class A......................... 1,200 12,240 * Key Energy Services, Inc........................... 15,592 26,195 Kinder Morgan, Inc................................. 42,662 1,751,275 * Kosmos Energy, Ltd................................. 22,995 201,666 #* Laredo Petroleum Holdings, Inc..................... 9,430 92,508 # LinnCo LLC......................................... 8,628 89,127 Marathon Oil Corp.................................. 38,142 1,014,577 Marathon Petroleum Corp............................ 11,993 1,110,432 #* Matador Resources Co............................... 6,992 150,747 * Matrix Service Co.................................. 2,700 51,840 #* McDermott International, Inc....................... 15,569 35,030 * Mitcham Industries, Inc............................ 900 5,049 # Murphy Oil Corp.................................... 12,301 552,438 Nabors Industries, Ltd............................. 18,389 211,657 National Oilwell Varco, Inc........................ 8,218 447,306 * Natural Gas Services Group, Inc.................... 1,108 22,371 * Newfield Exploration Co............................ 13,484 401,553 * Newpark Resources, Inc............................. 8,826 76,257 # Noble Corp. P.L.C.................................. 15,288 247,971 Noble Energy, Inc.................................. 10,498 501,174 # Nordic American Tankers, Ltd....................... 168 1,700 #* Northern Oil and Gas, Inc.......................... 4,834 30,358 #* Nuverra Environmental Solutions, Inc............... 1,352 3,015 #* Oasis Petroleum, Inc............................... 11,012 148,001 Occidental Petroleum Corp.......................... 30,106 2,408,480 Oceaneering International, Inc..................... 5,972 312,694 * Oil States International, Inc...................... 6,599 271,021 ONEOK, Inc......................................... 7,104 312,789 * Overseas Shipholding Group, Inc.................... 1,675 8,542 #* Pacific Drilling SA................................ 4,590 15,285 # Panhandle Oil and Gas, Inc. Class A................ 1,762 36,896 # Paragon Offshore P.L.C............................. 4,329 9,048 * Parker Drilling Co................................. 8,879 24,062 955 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Energy -- (Continued) Patterson-UTI Energy, Inc.......................... 12,755 $218,876 PBF Energy, Inc. Class A........................... 6,005 168,740 * PDC Energy, Inc.................................... 3,256 149,581 # Peabody Energy Corp................................ 17,857 111,249 #* Penn Virginia Corp................................. 5,869 28,641 * PetroQuest Energy, Inc............................. 8,603 25,207 * PHI, Inc. Non-Voting............................... 1,125 38,486 Phillips 66........................................ 10,352 727,953 * Pioneer Energy Services Corp....................... 5,857 24,248 Pioneer Natural Resources Co....................... 1,966 295,942 QEP Resources, Inc................................. 16,562 334,884 # Range Resources Corp............................... 6,260 289,650 * Renewable Energy Group, Inc........................ 3,805 33,256 #* REX American Resources Corp........................ 885 49,126 #* Rex Energy Corp.................................... 5,942 21,035 #* RigNet, Inc........................................ 1,558 53,315 #* Rosetta Resources, Inc............................. 5,887 100,491 Rowan Cos. P.L.C. Class A.......................... 9,249 195,339 # RPC, Inc........................................... 8,850 110,359 #* SandRidge Energy, Inc.............................. 49,244 69,434 # Scorpio Tankers, Inc............................... 16,677 131,248 #* SEACOR Holdings, Inc............................... 1,988 143,037 SemGroup Corp. Class A............................. 3,951 266,021 #* Seventy Seven Energy, Inc.......................... 2,119 8,370 # Ship Finance International, Ltd.................... 7,432 103,230 SM Energy Co....................................... 7,275 275,140 #* Southwestern Energy Co............................. 22,879 567,170 # Spectra Energy Corp................................ 5,421 181,278 #* Stone Energy Corp.................................. 5,305 74,694 Superior Energy Services, Inc...................... 13,677 273,540 #* Swift Energy Co.................................... 2,735 5,826 #* Synergy Resources Corp............................. 8,494 103,882 Targa Resources Corp............................... 2,035 176,699 # Teekay Corp........................................ 7,749 328,015 # Tesco Corp......................................... 3,658 37,458 Tesoro Corp........................................ 9,888 808,146 * TETRA Technologies, Inc............................ 8,049 39,762 * TGC Industries, Inc................................ 1,518 3,036 # Tidewater, Inc..................................... 3,764 110,135 # Transocean, Ltd.................................... 13,542 220,735 #* Triangle Petroleum Corp............................ 6,897 36,209 #* Ultra Petroleum Corp............................... 5,572 71,043 * Unit Corp.......................................... 4,431 131,955 # US Silica Holdings, Inc............................ 2,398 60,430 * Vaalco Energy, Inc................................. 4,700 26,038 Valero Energy Corp................................. 18,251 965,113 # W&T Offshore, Inc.................................. 7,431 37,601 #* Warren Resources, Inc.............................. 7,700 8,085 * Weatherford International P.L.C.................... 44,530 459,995 Western Refining, Inc.............................. 12,400 460,412 * Westmoreland Coal Co............................... 1,247 32,522 * Whiting Petroleum Corp............................. 10,025 300,950 * Willbros Group, Inc................................ 6,298 35,143 956 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) Williams Cos., Inc. (The).......................... 7,492 $ 328,599 World Fuel Services Corp........................... 6,100 298,717 * WPX Energy, Inc.................................... 13,418 143,036 ----------- Total Energy........................................... 59,372,467 ----------- Financials -- (16.0%) # 1st Source Corp.................................... 2,427 72,155 # Access National Corp............................... 767 13,699 ACE, Ltd........................................... 5,200 561,392 * Affiliated Managers Group, Inc..................... 1,023 210,247 Aflac, Inc......................................... 12,821 731,823 Alexander & Baldwin, Inc........................... 4,993 191,032 * Alleghany Corp..................................... 610 269,675 Allied World Assurance Co. Holdings AG............. 8,733 337,705 Allstate Corp. (The)............................... 12,654 883,123 #* Altisource Asset Management Corp................... 75 12,000 #* Altisource Portfolio Solutions SA.................. 1,456 29,528 * Ambac Financial Group, Inc......................... 4,054 99,120 American Equity Investment Life Holding Co......... 7,799 198,952 American Express Co................................ 13,147 1,060,831 American Financial Group, Inc...................... 6,582 382,019 American International Group, Inc.................. 21,792 1,064,975 American National Insurance Co..................... 1,942 202,046 Ameriprise Financial, Inc.......................... 4,376 546,737 Ameris Bancorp..................................... 2,049 49,442 AMERISAFE, Inc..................................... 1,386 56,410 AmeriServ Financial, Inc........................... 300 897 # Amtrust Financial Services, Inc.................... 7,653 387,395 Aon P.L.C.......................................... 3,900 351,195 * Arch Capital Group, Ltd............................ 4,522 262,140 Argo Group International Holdings, Ltd............. 1,925 102,968 Arrow Financial Corp............................... 907 23,192 Arthur J Gallagher & Co............................ 3,972 176,476 Artisan Partners Asset Management, Inc. Class A.... 1,661 80,176 Aspen Insurance Holdings, Ltd...................... 6,170 267,284 Associated Banc-Corp............................... 15,326 257,630 Assurant, Inc...................................... 5,343 339,334 Assured Guaranty, Ltd.............................. 14,403 351,721 * Asta Funding, Inc.................................. 707 6,002 Astoria Financial Corp............................. 10,608 129,736 * Atlanticus Holdings Corp........................... 886 2,268 #* AV Homes, Inc...................................... 800 11,992 Axis Capital Holdings, Ltd......................... 7,521 382,819 Baldwin & Lyons, Inc. Class B...................... 1,666 38,485 Banc of California, Inc............................ 1,780 18,245 Bancfirst Corp..................................... 1,390 80,147 #* Bancorp, Inc. (The)................................ 3,613 30,783 # BancorpSouth, Inc.................................. 9,944 197,388 Bank Mutual Corp................................... 5,323 33,908 Bank of America Corp............................... 195,137 2,956,326 Bank of Commerce Holdings.......................... 300 1,710 # Bank of Hawaii Corp................................ 4,732 267,169 Bank of New York Mellon Corp. (The)................ 21,671 780,156 957 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) # Bank of the Ozarks, Inc............................ 6,800 $ 220,524 BankFinancial Corp................................. 1,624 18,367 BankUnited, Inc.................................... 7,941 219,648 Banner Corp........................................ 2,038 82,294 Bar Harbor Bankshares.............................. 378 11,605 BB&T Corp.......................................... 13,006 458,982 BBCN Bancorp, Inc.................................. 8,023 103,898 #* Beneficial Bancorp, Inc............................ 8,215 88,640 * Berkshire Hathaway, Inc. Class B................... 16,310 2,347,172 Berkshire Hills Bancorp, Inc....................... 3,138 78,136 BGC Partners, Inc. Class A......................... 28,752 225,128 BlackRock, Inc..................................... 2,588 881,240 #* BofI Holding, Inc.................................. 1,540 129,914 # BOK Financial Corp................................. 4,007 216,819 Boston Private Financial Holdings, Inc............. 7,481 82,291 Bridge Bancorp, Inc................................ 500 12,340 * Bridge Capital Holdings............................ 1,084 23,685 Brookline Bancorp, Inc............................. 8,067 77,443 Brown & Brown, Inc................................. 12,725 392,566 Bryn Mawr Bank Corp................................ 1,628 47,456 C&F Financial Corp................................. 500 17,645 Calamos Asset Management, Inc. Class A............. 2,328 29,216 # Camden National Corp............................... 953 35,413 # Cape Bancorp, Inc.................................. 300 2,589 * Capital Bank Financial Corp. Class A............... 1,556 37,998 # Capital City Bank Group, Inc....................... 1,500 22,500 Capital One Financial Corp......................... 13,070 956,855 # Capitol Federal Financial, Inc..................... 14,898 185,629 Cardinal Financial Corp............................ 4,117 73,324 * Cascade Bancorp.................................... 1,734 8,011 Cash America International, Inc.................... 3,229 67,163 Cathay General Bancorp............................. 8,325 198,884 CBOE Holdings, Inc................................. 4,250 273,998 * CBRE Group, Inc. Class A........................... 6,484 209,693 Centerstate Banks, Inc............................. 4,391 48,345 Central Pacific Financial Corp..................... 2,777 58,261 Century Bancorp, Inc. Class A...................... 165 6,399 Charles Schwab Corp. (The)......................... 12,741 331,011 Chemical Financial Corp............................ 2,781 78,869 Chubb Corp. (The).................................. 3,680 360,272 # Cincinnati Financial Corp.......................... 5,379 271,693 CIT Group, Inc..................................... 5,872 257,311 Citigroup, Inc..................................... 55,197 2,591,499 Citizens Holding Co................................ 160 2,979 #* Citizens, Inc...................................... 3,580 25,848 # City Holding Co.................................... 1,300 55,029 City National Corp................................. 4,276 370,686 Clifton Bancorp, Inc............................... 2,795 37,062 CME Group, Inc..................................... 6,073 518,027 CNA Financial Corp................................. 1,586 61,791 # CNB Financial Corp................................. 1,592 27,064 CNO Financial Group, Inc........................... 17,267 267,984 CoBiz Financial, Inc............................... 4,125 44,963 958 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Cohen & Steers, Inc................................ 914 $ 38,461 Columbia Banking System, Inc....................... 5,901 150,062 Comerica, Inc...................................... 6,847 284,151 # Commerce Bancshares, Inc........................... 8,529 341,160 # Community Bank System, Inc......................... 4,081 137,244 * Community Bankers Trust Corp....................... 100 436 # Community Trust Bancorp, Inc....................... 2,016 63,665 ConnectOne Bancorp, Inc............................ 980 18,032 Consolidated-Tomoka Land Co........................ 400 21,820 * Consumer Portfolio Services, Inc................... 1,908 10,685 * Cowen Group, Inc. Class A.......................... 11,008 45,793 Crawford & Co. Class A............................. 900 6,975 # Crawford & Co. Class B............................. 3,450 32,258 #* Credit Acceptance Corp............................. 2,520 397,253 # Cullen/Frost Bankers, Inc.......................... 4,796 298,791 #* Customers Bancorp, Inc............................. 2,581 50,717 # CVB Financial Corp................................. 10,411 152,105 # Diamond Hill Investment Group, Inc................. 295 38,368 Dime Community Bancshares, Inc..................... 4,270 63,025 Discover Financial Services........................ 18,240 991,891 Donegal Group, Inc. Class A........................ 2,143 34,267 * Doral Financial Corp............................... 120 346 * E*TRADE Financial Corp............................. 11,618 267,795 * Eagle Bancorp, Inc................................. 1,144 39,125 East West Bancorp, Inc............................. 13,183 476,961 # Eaton Vance Corp................................... 5,953 239,608 #* eHealth, Inc....................................... 1,477 15,124 EMC Insurance Group, Inc........................... 1,476 47,616 Employers Holdings, Inc............................ 2,963 61,630 #* Encore Capital Group, Inc.......................... 2,316 86,202 Endurance Specialty Holdings, Ltd.................. 4,548 277,974 * Enova International, Inc........................... 2,508 48,279 * Enstar Group, Ltd.................................. 1,210 163,314 Enterprise Financial Services Corp................. 1,472 28,130 Erie Indemnity Co. Class A......................... 4,311 373,591 # ESB Financial Corp................................. 498 8,322 ESSA Bancorp, Inc.................................. 800 9,720 # EverBank Financial Corp............................ 4,191 73,133 Evercore Partners, Inc. Class A.................... 3,100 148,397 Everest Re Group, Ltd.............................. 2,309 395,716 #* Ezcorp, Inc. Class A............................... 5,130 52,890 * Farmers Capital Bank Corp.......................... 466 10,410 FBL Financial Group, Inc. Class A.................. 1,900 99,161 Federal Agricultural Mortgage Corp. Class C........ 900 24,795 # Federated Investors, Inc. Class B.................. 6,090 192,505 Federated National Holding Co...................... 1,400 40,754 Fidelity Southern Corp............................. 1,467 22,430 Fifth Third Bancorp................................ 38,925 673,403 # Financial Engines, Inc............................. 2,211 79,375 Financial Institutions, Inc........................ 944 20,796 * First Acceptance Corp.............................. 900 2,097 First American Financial Corp...................... 8,067 274,439 First Bancorp, Inc................................. 781 12,949 959 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) * First BanCorp.(318672706).......................... 20,520 $ 112,655 First Bancorp.(318910106).......................... 1,900 31,540 First Busey Corp................................... 7,910 48,726 First Business Financial Services, Inc............. 400 17,508 * First Cash Financial Services, Inc................. 2,737 136,084 First Citizens BancShares, Inc. Class A............ 936 228,431 First Commonwealth Financial Corp.................. 8,831 69,677 First Community Bancshares, Inc.................... 1,200 18,828 # First Connecticut Bancorp Inc/Farmington........... 711 10,487 First Defiance Financial Corp...................... 674 20,530 First Financial Bancorp............................ 5,927 97,914 # First Financial Bankshares, Inc.................... 4,584 113,225 First Financial Corp............................... 1,038 33,642 First Financial Northwest, Inc..................... 1,000 11,990 # First Horizon National Corp........................ 19,079 247,836 First Interstate Bancsystem, Inc................... 2,111 50,453 #* First Marblehead Corp. (The)....................... 30 174 First Merchants Corp............................... 3,889 84,936 First Midwest Bancorp, Inc......................... 6,991 107,661 * First NBC Bank Holding Co.......................... 1,300 40,248 First Niagara Financial Group, Inc................. 27,165 220,580 First Republic Bank................................ 4,111 209,332 First South Bancorp, Inc........................... 100 795 FirstMerit Corp.................................... 12,938 211,989 * Flagstar Bancorp, Inc.............................. 4,895 69,558 Flushing Financial Corp............................ 2,759 49,938 # FNB Corp........................................... 17,253 207,036 FNF Group.......................................... 12,528 439,733 * FNFV Group......................................... 4,175 51,770 * Forest City Enterprises, Inc. Class A.............. 13,724 336,238 * Forestar Group, Inc................................ 3,415 45,317 Fox Chase Bancorp, Inc............................. 906 14,713 Franklin Resources, Inc............................ 5,766 297,122 #* FRP Holdings, Inc.................................. 400 14,480 Fulton Financial Corp.............................. 20,201 225,241 # FXCM, Inc. Class A................................. 3,568 7,850 Gain Capital Holdings, Inc......................... 4,356 35,501 GAMCO Investors, Inc. Class A...................... 600 48,990 * Genworth Financial, Inc. Class A................... 16,122 112,532 German American Bancorp, Inc....................... 1,018 28,504 GFI Group, Inc..................................... 9,133 51,236 Glacier Bancorp, Inc............................... 7,284 162,215 * Global Indemnity P.L.C............................. 1,457 38,232 Goldman Sachs Group, Inc. (The).................... 9,164 1,579,965 Great Southern Bancorp, Inc........................ 1,267 45,764 * Green Dot Corp. Class A............................ 2,677 40,824 # Greenhill & Co., Inc............................... 2,309 85,156 * Greenlight Capital Re, Ltd. Class A................ 3,300 103,653 Griffin Land & Nurseries, Inc...................... 375 11,115 # Guaranty Bancorp................................... 1,760 23,549 * Hallmark Financial Services, Inc................... 1,226 13,535 Hancock Holding Co................................. 8,091 211,256 Hanmi Financial Corp............................... 3,114 61,844 960 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Hanover Insurance Group, Inc. (The)................ 4,002 $ 276,138 Hartford Financial Services Group, Inc. (The)...... 19,575 761,467 HCC Insurance Holdings, Inc........................ 8,986 479,313 # HCI Group, Inc..................................... 1,645 76,015 Heartland Financial USA, Inc....................... 1,412 38,999 Heritage Commerce Corp............................. 1,500 12,540 Heritage Financial Corp............................ 2,672 41,469 Heritage Financial Group, Inc...................... 299 7,167 HFF, Inc. Class A.................................. 2,315 78,641 * Hilltop Holdings, Inc.............................. 8,880 161,172 Hingham Institution for Savings.................... 100 8,800 Home Bancorp, Inc.................................. 500 10,940 Home BancShares, Inc............................... 5,809 172,063 # HomeStreet, Inc.................................... 1,496 26,419 * HomeTrust Bancshares, Inc.......................... 1,700 26,265 HopFed Bancorp, Inc................................ 6 79 Horace Mann Educators Corp......................... 3,833 116,792 Horizon Bancorp.................................... 950 21,261 * Howard Hughes Corp. (The).......................... 2,800 365,764 Hudson City Bancorp, Inc........................... 25,524 228,950 Hudson Valley Holding Corp......................... 1,056 26,052 Huntington Bancshares, Inc......................... 42,414 424,988 Iberiabank Corp.................................... 3,376 184,363 #* Imperial Holdings, Inc............................. 33 196 Independence Holding Co............................ 1,191 15,138 Independent Bank Corp.(453836108).................. 2,367 89,544 Independent Bank Corp.(453838609).................. 40 492 Independent Bank Group, Inc........................ 827 25,811 Interactive Brokers Group, Inc. Class A............ 6,009 184,056 Intercontinental Exchange, Inc..................... 1,732 356,324 International Bancshares Corp...................... 6,323 142,331 Intervest Bancshares Corp. Class A................. 850 8,373 #* INTL. FCStone, Inc................................. 1,974 38,059 Invesco, Ltd....................................... 10,686 392,497 * Investment Technology Group, Inc................... 3,300 68,475 # Investors Bancorp, Inc............................. 26,959 296,819 Investors Title Co................................. 100 7,174 # Janus Capital Group, Inc........................... 18,711 328,191 JMP Group, Inc..................................... 1,310 9,995 Jones Lang LaSalle, Inc............................ 2,467 362,846 JPMorgan Chase & Co................................ 97,558 5,305,204 * KCG Holdings, Inc. Class A......................... 4,745 58,031 #* Kearny Financial Corp.............................. 2,195 28,535 Kemper Corp........................................ 5,252 183,347 Kennedy-Wilson Holdings, Inc....................... 7,113 189,135 KeyCorp............................................ 34,829 452,429 #* Ladenburg Thalmann Financial Services, Inc......... 13,293 50,646 Lakeland Bancorp, Inc.............................. 3,454 37,269 Lakeland Financial Corp............................ 1,443 54,459 LegacyTexas Financial Group, Inc................... 3,748 74,285 Legg Mason, Inc.................................... 4,971 275,592 * LendingTree, Inc................................... 779 32,079 Lincoln National Corp.............................. 8,494 424,530 961 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) LNB Bancorp, Inc................................... 500 $ 8,700 Loews Corp......................................... 12,218 467,461 Louisiana Bancorp, Inc............................. 100 2,136 # LPL Financial Holdings, Inc........................ 10,628 437,342 # M&T Bank Corp...................................... 5,157 583,566 Macatawa Bank Corp................................. 1,400 7,378 Maiden Holdings, Ltd............................... 7,310 91,375 MainSource Financial Group, Inc.................... 2,260 43,392 Manning & Napier, Inc.............................. 562 6,019 * Markel Corp........................................ 350 239,176 MarketAxess Holdings, Inc.......................... 2,293 174,199 Marlin Business Services Corp...................... 1,180 18,939 Marsh & McLennan Cos., Inc......................... 7,681 413,007 MB Financial, Inc.................................. 7,632 216,825 * MBIA, Inc.......................................... 19,349 155,179 * MBT Financial Corp................................. 154 790 McGraw Hill Financial, Inc......................... 2,680 239,699 Meadowbrook Insurance Group, Inc................... 2,972 24,668 Mercantile Bank Corp............................... 867 16,473 Merchants Bancshares, Inc.......................... 444 11,886 Mercury General Corp............................... 5,303 303,066 * Meridian Bancorp, Inc.............................. 2,845 33,030 Meta Financial Group, Inc.......................... 406 13,589 MetLife, Inc....................................... 15,010 697,965 * Metro Bancorp, Inc................................. 1,400 35,644 #* MGIC Investment Corp............................... 12,754 108,664 # MidSouth Bancorp, Inc.............................. 1,200 16,728 MidWestOne Financial Group, Inc.................... 400 11,208 # Montpelier Re Holdings, Ltd........................ 4,472 157,101 Moody's Corp....................................... 4,408 402,583 Morgan Stanley..................................... 27,697 936,436 MSCI, Inc.......................................... 7,735 416,298 MutualFirst Financial, Inc......................... 500 10,945 NASDAQ OMX Group, Inc. (The)....................... 6,623 302,009 National Bank Holdings Corp. Class A............... 3,079 56,808 # National Interstate Corp........................... 1,387 35,743 National Penn Bancshares, Inc...................... 14,741 142,988 #* Nationstar Mortgage Holdings, Inc.................. 3,900 100,269 Navient Corp....................................... 17,815 351,668 * Navigators Group, Inc. (The)....................... 1,318 97,822 # NBT Bancorp, Inc................................... 4,178 96,136 Nelnet, Inc. Class A............................... 3,531 154,446 New Hampshire Thrift Bancshares, Inc............... 300 4,551 # New York Community Bancorp, Inc.................... 14,396 222,418 * NewBridge Bancorp.................................. 2,551 20,000 #* NewStar Financial, Inc............................. 3,876 40,969 * Nicholas Financial, Inc............................ 82 1,167 Northeast Community Bancorp, Inc................... 436 3,026 Northern Trust Corp................................ 7,930 518,463 Northfield Bancorp, Inc............................ 5,307 76,421 Northrim BanCorp, Inc.............................. 400 8,292 NorthStar Asset Management Group, Inc.............. 3,054 64,653 Northwest Bancshares, Inc.......................... 9,213 108,713 962 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) OceanFirst Financial Corp.......................... 1,430 $ 23,166 #* Ocwen Financial Corp............................... 3,436 21,028 # OFG Bancorp........................................ 4,365 70,277 Old National Bancorp............................... 11,459 153,665 Old Republic International Corp.................... 19,978 280,491 OneBeacon Insurance Group, Ltd. Class A............ 2,219 35,082 Oppenheimer Holdings, Inc. Class A................. 900 17,775 Oritani Financial Corp............................. 4,852 68,462 Pacific Continental Corp........................... 1,246 15,749 * Pacific Premier Bancorp, Inc....................... 800 11,888 # PacWest Bancorp.................................... 7,635 326,434 # Park National Corp................................. 1,052 84,591 Park Sterling Corp................................. 2,974 19,926 PartnerRe, Ltd..................................... 4,290 490,776 Peapack Gladstone Financial Corp................... 729 12,998 # Penns Woods Bancorp, Inc........................... 229 10,170 * PennyMac Financial Services, Inc. Class A.......... 941 16,957 # People's United Financial, Inc..................... 28,332 398,631 # Peoples Bancorp, Inc............................... 848 19,377 * PHH Corp........................................... 5,872 146,448 * Phoenix Cos., Inc. (The)........................... 193 11,972 * PICO Holdings, Inc................................. 1,698 27,151 Pinnacle Financial Partners, Inc................... 3,428 123,202 * Piper Jaffray Cos.................................. 1,000 51,050 Platinum Underwriters Holdings, Ltd................ 2,634 194,468 PNC Financial Services Group, Inc. (The)........... 9,805 828,915 * Popular, Inc....................................... 7,762 239,302 #* PRA Group, Inc..................................... 4,682 231,853 Preferred Bank..................................... 1,221 31,880 Primerica, Inc..................................... 5,346 265,375 Principal Financial Group, Inc..................... 13,327 625,436 PrivateBancorp, Inc................................ 7,429 225,396 ProAssurance Corp.................................. 5,966 264,711 Progressive Corp. (The)............................ 26,771 694,707 Prosperity Bancshares, Inc......................... 4,936 226,019 Protective Life Corp............................... 6,825 477,409 Provident Financial Holdings, Inc.................. 600 9,312 Provident Financial Services, Inc.................. 6,161 106,955 Prudential Financial, Inc.......................... 6,980 529,642 Pulaski Financial Corp............................. 751 8,937 QC Holdings, Inc................................... 900 1,526 # Radian Group, Inc.................................. 10,400 163,904 Raymond James Financial, Inc....................... 5,546 291,831 # RCS Capital Corp. Class A.......................... 2,300 21,689 * Realogy Holdings Corp.............................. 7,283 338,660 #* Regional Management Corp........................... 715 10,389 Regions Financial Corp............................. 43,941 382,287 Reinsurance Group of America, Inc.................. 5,155 426,886 RenaissanceRe Holdings, Ltd........................ 3,940 376,782 Renasant Corp...................................... 3,376 88,316 Republic Bancorp, Inc. Class A..................... 1,792 40,840 #* Republic First Bancorp, Inc........................ 1,200 4,116 # Resource America, Inc. Class A..................... 2,023 17,782 963 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) * Riverview Bancorp, Inc............................. 100 $ 440 RLI Corp........................................... 3,676 172,441 S&T Bancorp, Inc................................... 3,204 88,078 #* Safeguard Scientifics, Inc......................... 2,419 44,340 Safety Insurance Group, Inc........................ 2,413 149,485 Sandy Spring Bancorp, Inc.......................... 2,710 67,018 * Seacoast Banking Corp. of Florida.................. 1,716 21,725 SEI Investments Co................................. 6,842 274,843 Selective Insurance Group, Inc..................... 5,434 140,306 SI Financial Group, Inc............................ 243 2,675 Sierra Bancorp..................................... 844 13,369 * Signature Bank..................................... 2,603 304,889 Silvercrest Asset Management Group, Inc. Class A... 800 11,280 Simmons First National Corp. Class A............... 1,661 62,155 Simplicity Bancorp, Inc............................ 726 12,770 SLM Corp........................................... 54,058 492,468 South State Corp................................... 2,389 142,647 Southside Bancshares, Inc.......................... 2,009 54,846 Southwest Bancorp, Inc............................. 1,486 22,676 #* St Joe Co. (The)................................... 4,685 75,710 StanCorp Financial Group, Inc...................... 4,083 253,309 State Auto Financial Corp.......................... 2,901 63,822 State Street Corp.................................. 6,487 463,885 Sterling Bancorp................................... 7,954 104,834 Stewart Information Services Corp.................. 2,152 77,042 * Stifel Financial Corp.............................. 4,569 215,428 Stock Yards Bancorp, Inc........................... 1,000 30,800 Suffolk Bancorp.................................... 658 15,134 * Sun Bancorp, Inc................................... 1,735 31,751 SunTrust Banks, Inc................................ 10,102 388,119 Susquehanna Bancshares, Inc........................ 18,744 236,362 * SVB Financial Group................................ 5,221 589,451 Symetra Financial Corp............................. 10,918 221,745 Synovus Financial Corp............................. 10,208 263,060 T Rowe Price Group, Inc............................ 2,830 222,778 TCF Financial Corp................................. 17,081 251,091 TD Ameritrade Holding Corp......................... 19,625 635,654 * Tejon Ranch Co..................................... 1,276 31,415 # Territorial Bancorp, Inc........................... 900 19,566 * Texas Capital Bancshares, Inc...................... 3,204 130,883 TFS Financial Corp................................. 16,138 226,255 Tompkins Financial Corp............................ 1,633 83,724 Torchmark Corp..................................... 3,973 198,928 # Towne Bank......................................... 2,839 41,194 Travelers Cos., Inc. (The)......................... 13,511 1,389,201 Trico Bancshares................................... 1,559 36,403 # TrustCo Bank Corp.................................. 10,464 67,284 # Trustmark Corp..................................... 6,690 142,898 U.S. Bancorp....................................... 43,752 1,833,646 UMB Financial Corp................................. 4,525 219,553 Umpqua Holdings Corp............................... 16,546 256,628 Union Bankshares Corp.............................. 4,033 80,660 # United Bankshares, Inc............................. 6,963 235,419 964 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) United Community Banks, Inc........................ 4,675 $ 81,859 # United Community Financial Corp.................... 4,118 22,237 United Financial Bancorp, Inc...................... 4,711 58,605 United Fire Group, Inc............................. 1,591 44,453 * United Security Bancshares......................... 375 1,935 Universal Insurance Holdings, Inc.................. 4,948 114,942 Univest Corp. of Pennsylvania...................... 1,300 24,076 Unum Group......................................... 7,900 245,374 Validus Holdings, Ltd.............................. 8,657 343,250 # Valley National Bancorp............................ 15,678 142,356 Virtus Investment Partners, Inc.................... 732 99,281 Voya Financial, Inc................................ 7,515 293,160 Waddell & Reed Financial, Inc. Class A............. 4,182 186,977 * Walker & Dunlop, Inc............................... 3,040 53,960 Washington Federal, Inc............................ 9,649 191,629 # Washington Trust Bancorp, Inc...................... 1,189 43,541 # Waterstone Financial, Inc.......................... 3,226 40,906 Webster Financial Corp............................. 9,486 289,608 Wells Fargo & Co................................... 121,581 6,312,486 WesBanco, Inc...................................... 2,821 85,138 # West Bancorporation, Inc........................... 899 14,708 # Westamerica Bancorporation......................... 1,988 80,872 * Western Alliance Bancorp........................... 6,834 175,702 Westfield Financial, Inc........................... 1,934 13,925 Westwood Holdings Group, Inc....................... 1,057 62,352 White Mountains Insurance Group, Ltd............... 17 10,958 Willis Group Holdings P.L.C........................ 8,017 347,136 Wilshire Bancorp, Inc.............................. 8,048 73,237 Wintrust Financial Corp............................ 4,655 202,353 # WisdomTree Investments, Inc........................ 9,500 165,490 #* World Acceptance Corp.............................. 900 66,105 WR Berkley Corp.................................... 6,950 340,481 WSFS Financial Corp................................ 865 63,889 XL Group P.L.C..................................... 8,666 298,890 * Yadkin Financial Corp.............................. 1,750 33,355 Zions Bancorporation............................... 15,259 365,606 ----------- Total Financials....................................... 95,255,920 ----------- Health Care -- (2.5%) # Abaxis, Inc........................................ 500 30,740 #* Accuray, Inc....................................... 2,514 18,528 #* Albany Molecular Research, Inc..................... 2,219 36,236 * Alere, Inc......................................... 8,442 343,505 #* Align Technology, Inc.............................. 2,588 137,293 #* Allscripts Healthcare Solutions, Inc............... 14,312 170,456 AmerisourceBergen Corp............................. 4,700 446,735 Analogic Corp...................................... 1,079 87,971 * AngioDynamics, Inc................................. 3,369 64,836 #* Anika Therapeutics, Inc............................ 1,697 66,488 #* athenahealth, Inc.................................. 1,048 146,416 # Atrion Corp........................................ 178 59,630 * Boston Scientific Corp............................. 34,343 508,620 * Bovie Medical Corp................................. 200 700 965 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) #* Bruker Corp........................................ 8,822 $ 166,383 * Cambrex Corp....................................... 3,800 85,234 Cantel Medical Corp................................ 3,548 143,942 Cardinal Health, Inc............................... 4,078 339,249 * CareFusion Corp.................................... 8,304 492,427 #* Cepheid............................................ 1,013 57,245 * Cerner Corp........................................ 1,900 126,065 * Charles River Laboratories International, Inc...... 3,707 257,080 # Computer Programs & Systems, Inc................... 864 42,561 # CONMED Corp........................................ 2,606 124,150 * Covance, Inc....................................... 3,517 373,541 CR Bard, Inc....................................... 1,367 233,798 CryoLife, Inc...................................... 2,753 30,999 * Cutera, Inc........................................ 1,041 13,845 * Cyberonics, Inc.................................... 2,800 155,596 * Cynosure, Inc. Class A............................. 2,066 62,435 DENTSPLY International, Inc........................ 5,600 280,140 * DexCom, Inc........................................ 1,400 83,692 Digirad Corp....................................... 600 2,490 * Edwards Lifesciences Corp.......................... 2,444 306,355 * Exactech, Inc...................................... 1,238 25,738 #* Globus Medical, Inc. Class A....................... 6,705 158,104 * Greatbatch, Inc.................................... 1,800 87,408 * Haemonetics Corp................................... 3,784 149,846 * Halyard Health, Inc................................ 456 20,324 * HealthStream, Inc.................................. 733 20,715 * Henry Schein, Inc.................................. 3,661 505,474 Hill-Rom Holdings, Inc............................. 6,318 301,748 #* HMS Holdings Corp.................................. 5,925 117,226 * Hologic, Inc....................................... 9,490 288,164 * ICU Medical, Inc................................... 1,365 114,087 #* IDEXX Laboratories, Inc............................ 1,245 197,233 * Integra LifeSciences Holdings Corp................. 2,879 160,418 * Intuitive Surgical, Inc............................ 425 210,154 Invacare Corp...................................... 3,000 43,950 LeMaitre Vascular, Inc............................. 800 6,328 * Luminex Corp....................................... 1,922 33,923 * Masimo Corp........................................ 3,692 94,220 McKesson Corp...................................... 2,088 444,013 * MedAssets, Inc..................................... 6,271 116,076 Medtronic P.L.C.................................... 15,400 1,099,560 * Merge Healthcare, Inc.............................. 7,110 26,307 # Meridian Bioscience, Inc........................... 3,902 67,505 * Merit Medical Systems, Inc......................... 3,300 50,589 * Mettler-Toledo International, Inc.................. 589 179,027 * MWI Veterinary Supply, Inc......................... 675 128,027 * Natus Medical, Inc................................. 1,572 59,107 * NuVasive, Inc...................................... 2,101 97,318 * Omnicell, Inc...................................... 3,400 108,222 * OraSure Technologies, Inc.......................... 1,425 13,096 * Orthofix International NV.......................... 1,746 53,253 # Owens & Minor, Inc................................. 6,644 227,424 * PAREXEL International Corp......................... 5,923 361,066 966 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) # Patterson Cos., Inc................................ 8,555 $ 428,520 * PharMerica Corp.................................... 2,321 53,406 #* PhotoMedex, Inc.................................... 413 776 # Quality Systems, Inc............................... 3,331 54,262 #* Quidel Corp........................................ 1,711 40,277 * Quintiles Transnational Holdings, Inc.............. 1,900 114,950 # ResMed, Inc........................................ 2,537 158,486 #* RTI Surgical, Inc.................................. 3,864 17,233 * Sirona Dental Systems, Inc......................... 3,526 318,116 St Jude Medical, Inc............................... 4,806 316,571 STERIS Corp........................................ 5,081 331,383 Stryker Corp....................................... 2,950 268,598 #* SurModics, Inc..................................... 799 18,313 * Symmetry Surgical, Inc............................. 838 6,034 Teleflex, Inc...................................... 4,500 493,020 * Thoratec Corp...................................... 3,956 141,981 * Tornier NV......................................... 511 12,351 #* TransEnterix, Inc.................................. 4,200 12,474 Utah Medical Products, Inc......................... 296 16,780 #* Varian Medical Systems, Inc........................ 2,025 187,434 * Vascular Solutions, Inc............................ 2,112 57,573 * Vocera Communications, Inc......................... 1,100 9,856 * Waters Corp........................................ 1,300 154,765 West Pharmaceutical Services, Inc.................. 4,662 229,883 * Wright Medical Group, Inc.......................... 2,460 60,049 Zimmer Holdings, Inc............................... 3,276 367,240 ----------- Total Health Care...................................... 14,931,362 ----------- Industrials -- (13.0%) 3M Co.............................................. 7,605 1,234,291 # AAON, Inc.......................................... 5,220 113,848 AAR Corp........................................... 3,999 114,611 ABM Industries, Inc................................ 5,652 163,173 Acacia Research Corp............................... 4,008 50,180 * ACCO Brands Corp................................... 11,292 89,433 * Accuride Corp...................................... 4,072 17,917 Aceto Corp......................................... 2,579 50,033 Actuant Corp. Class A.............................. 5,651 130,595 Acuity Brands, Inc................................. 800 119,912 # ADT Corp. (The).................................... 22,958 789,755 #* Advisory Board Co. (The)........................... 2,300 107,824 * AECOM.............................................. 14,271 362,769 * Aegion Corp........................................ 3,771 57,772 # AGCO Corp.......................................... 7,069 306,370 # Air Lease Corp..................................... 10,816 377,911 * Air Transport Services Group, Inc.................. 6,912 57,577 Aircastle, Ltd..................................... 3,400 68,204 Alamo Group, Inc................................... 900 40,545 Alaska Air Group, Inc.............................. 14,000 950,180 Albany International Corp. Class A................. 2,900 98,977 # Allegiant Travel Co................................ 1,850 335,349 Allegion P.L.C..................................... 1,303 70,375 Allied Motion Technologies, Inc.................... 1,625 36,432 967 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Allison Transmission Holdings, Inc................. 18,239 $571,245 Altra Industrial Motion Corp....................... 3,013 76,982 * AMERCO............................................. 2,227 637,167 #* Ameresco, Inc. Class A............................. 1,816 10,587 American Airlines Group, Inc....................... 7,497 367,953 # American Railcar Industries, Inc................... 1,731 86,896 # American Science & Engineering, Inc................ 700 32,480 * American Woodmark Corp............................. 1,528 62,847 AMETEK, Inc........................................ 11,322 542,324 AO Smith Corp...................................... 5,055 300,318 Apogee Enterprises, Inc............................ 2,835 122,642 Applied Industrial Technologies, Inc............... 3,412 137,947 * ARC Document Solutions, Inc........................ 6,764 62,026 ArcBest Corp....................................... 1,800 67,068 Argan, Inc......................................... 2,064 62,766 * Armstrong World Industries, Inc.................... 4,932 250,052 Astec Industries, Inc.............................. 2,062 73,325 * Astronics Corp..................................... 2,105 117,227 * Astronics Corp. Class B............................ 394 22,064 * Atlas Air Worldwide Holdings, Inc.................. 2,684 121,317 * Avis Budget Group, Inc............................. 11,621 665,999 AZZ, Inc........................................... 2,433 102,648 * B/E Aerospace, Inc................................. 4,307 251,227 # Baltic Trading, Ltd................................ 800 1,296 Barnes Group, Inc.................................. 5,536 190,162 # Barrett Business Services, Inc..................... 700 21,455 * Beacon Roofing Supply, Inc......................... 4,820 114,186 * Blount International, Inc.......................... 7,159 110,964 * BlueLinx Holdings, Inc............................. 3,787 3,938 Brady Corp. Class A................................ 4,124 107,925 * Breeze-Eastern Corp................................ 497 4,995 # Briggs & Stratton Corp............................. 5,115 94,167 Brink's Co. (The).................................. 4,162 93,270 #* Builders FirstSource, Inc.......................... 9,365 55,441 * CAI International, Inc............................. 1,816 38,082 Carlisle Cos., Inc................................. 5,295 474,856 * Casella Waste Systems, Inc. Class A................ 1,900 7,239 #* CBIZ, Inc.......................................... 6,664 55,178 CDI Corp........................................... 2,402 40,810 Ceco Environmental Corp............................ 1,371 18,810 Celadon Group, Inc................................. 2,400 57,192 # CH Robinson Worldwide, Inc......................... 3,372 240,154 * Chart Industries, Inc.............................. 1,800 51,300 # Chicago Bridge & Iron Co. NV....................... 2,082 71,850 Cintas Corp........................................ 4,857 382,246 CIRCOR International, Inc.......................... 1,865 92,112 Civeo Corp......................................... 7,798 22,848 # CLARCOR, Inc....................................... 4,528 283,136 #* Clean Harbors, Inc................................. 4,985 235,890 #* Colfax Corp........................................ 2,832 128,318 Columbus McKinnon Corp............................. 2,111 52,881 Comfort Systems USA, Inc........................... 3,427 57,060 * Commercial Vehicle Group, Inc...................... 1,100 6,083 968 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Con-way, Inc....................................... 5,126 $ 210,012 Copa Holdings SA Class A........................... 2,599 279,418 * Copart, Inc........................................ 6,700 245,220 Corporate Executive Board Co. (The)................ 2,528 173,219 Courier Corp....................................... 1,900 44,593 # Covanta Holding Corp............................... 14,572 297,852 * Covenant Transportation Group, Inc. Class A........ 1,701 48,138 * CPI Aerostructures, Inc............................ 400 4,700 * CRA International, Inc............................. 600 17,718 Crane Co........................................... 4,101 249,956 CSX Corp........................................... 39,963 1,330,768 * CTPartners Executive Search, Inc................... 467 2,559 Cummins, Inc....................................... 2,484 346,419 Curtiss-Wright Corp................................ 4,512 300,183 Danaher Corp....................................... 15,115 1,245,174 # Deere & Co......................................... 9,418 802,319 Delta Air Lines, Inc............................... 23,155 1,095,463 # Deluxe Corp........................................ 5,250 340,882 # Donaldson Co., Inc................................. 6,402 234,057 Douglas Dynamics, Inc.............................. 2,136 43,126 Dover Corp......................................... 9,353 655,084 * Ducommun, Inc...................................... 1,256 32,618 Dun & Bradstreet Corp. (The)....................... 1,684 193,845 * DXP Enterprises, Inc............................... 1,200 49,224 * Dycom Industries, Inc.............................. 3,315 102,135 Dynamic Materials Corp............................. 1,500 21,240 Eastern Co. (The).................................. 312 5,903 Eaton Corp. P.L.C.................................. 7,195 453,933 #* Echo Global Logistics, Inc......................... 2,019 53,302 EMCOR Group, Inc................................... 5,809 234,451 Emerson Electric Co................................ 14,458 823,239 Encore Wire Corp................................... 2,116 64,813 #* Energy Recovery, Inc............................... 3,500 11,550 EnerSys............................................ 4,945 288,689 * Engility Holdings, Inc............................. 1,878 74,932 Ennis, Inc......................................... 2,743 36,592 * EnPro Industries, Inc.............................. 2,200 130,526 Equifax, Inc....................................... 5,069 428,128 ESCO Technologies, Inc............................. 2,552 91,923 Espey Manufacturing & Electronics Corp............. 200 5,362 Expeditors International of Washington, Inc........ 2,830 123,614 Exponent, Inc...................................... 1,100 88,154 # Fastenal Co........................................ 5,934 263,470 Federal Signal Corp................................ 4,281 65,371 FedEx Corp......................................... 8,578 1,450,626 Flowserve Corp..................................... 2,226 121,295 Fluor Corp......................................... 8,307 445,172 # Fortune Brands Home & Security, Inc................ 4,901 219,516 Forward Air Corp................................... 2,778 124,732 * Franklin Covey Co.................................. 1,096 19,805 # Franklin Electric Co., Inc......................... 4,821 164,926 FreightCar America, Inc............................ 900 21,006 * FTI Consulting, Inc................................ 4,199 170,773 969 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) #* Fuel Tech, Inc..................................... 1,500 $ 4,845 * Furmanite Corp..................................... 3,862 28,308 G&K Services, Inc. Class A......................... 1,925 134,942 # GATX Corp.......................................... 3,852 220,142 #* Generac Holdings, Inc.............................. 3,418 149,503 # General Cable Corp................................. 4,217 48,242 * Genesee & Wyoming, Inc. Class A.................... 3,914 322,709 * Gibraltar Industries, Inc.......................... 3,016 45,662 Global Brass & Copper Holdings, Inc................ 1,300 17,069 # Global Power Equipment Group, Inc.................. 1,450 17,878 #* Goldfield Corp. (The).............................. 600 1,362 # Gorman-Rupp Co. (The).............................. 1,756 50,064 * GP Strategies Corp................................. 2,129 71,066 Graco, Inc......................................... 2,666 189,926 #* GrafTech International, Ltd........................ 10,247 37,197 Graham Corp........................................ 700 14,483 Granite Construction, Inc.......................... 3,119 106,296 * Great Lakes Dredge & Dock Corp..................... 6,473 50,295 # Greenbrier Cos., Inc. (The)........................ 2,478 128,683 # Griffon Corp....................................... 5,226 76,770 H&E Equipment Services, Inc........................ 2,268 39,781 Hardinge, Inc...................................... 1,051 11,992 Harsco Corp........................................ 9,114 134,523 * Hawaiian Holdings, Inc............................. 5,433 105,618 #* HC2 Holdings, Inc.................................. 936 6,983 * HD Supply Holdings, Inc............................ 8,375 241,451 # Healthcare Services Group, Inc..................... 3,376 106,378 # Heartland Express, Inc............................. 11,016 283,001 # HEICO Corp......................................... 1,200 72,816 HEICO Corp. Class A................................ 2,387 112,595 Heidrick & Struggles International, Inc............ 2,133 47,267 * Heritage-Crystal Clean, Inc........................ 57 727 Herman Miller, Inc................................. 3,945 114,602 * Hertz Global Holdings, Inc......................... 31,214 640,511 Hexcel Corp........................................ 7,900 349,417 * Hill International, Inc............................ 2,600 9,932 Hillenbrand, Inc................................... 7,073 222,163 # HNI Corp........................................... 4,707 231,820 Honeywell International, Inc....................... 8,169 798,601 Houston Wire & Cable Co............................ 1,200 13,284 #* Hub Group, Inc. Class A............................ 4,450 148,630 Hubbell, Inc. Class A.............................. 167 18,128 Hubbell, Inc. Class B.............................. 2,550 270,402 * Hudson Global, Inc................................. 2,300 5,635 Hurco Cos., Inc.................................... 500 17,540 * Huron Consulting Group, Inc........................ 2,502 188,200 Hyster-Yale Materials Handling, Inc................ 1,249 78,250 * ICF International, Inc............................. 1,939 72,441 IDEX Corp.......................................... 5,331 385,698 * IHS, Inc. Class A.................................. 2,000 230,260 Illinois Tool Works, Inc........................... 6,572 611,787 Ingersoll-Rand P.L.C............................... 9,063 601,783 * InnerWorkings, Inc................................. 4,367 22,403 970 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) #* Innovative Solutions & Support, Inc................ 400 $ 1,576 Insperity, Inc..................................... 2,668 111,896 Insteel Industries, Inc............................ 1,312 26,791 * Integrated Electrical Services, Inc................ 315 2,303 Interface, Inc..................................... 4,868 76,476 # International Shipholding Corp..................... 500 8,380 # Intersections, Inc................................. 1,300 4,446 ITT Corp........................................... 6,349 227,358 * Jacobs Engineering Group, Inc...................... 4,362 166,192 # JB Hunt Transport Services, Inc.................... 2,500 199,025 #* JetBlue Airways Corp............................... 30,845 517,888 John Bean Technologies Corp........................ 2,511 75,807 # Joy Global, Inc.................................... 7,414 310,943 Kadant, Inc........................................ 500 19,870 # Kaman Corp......................................... 2,194 83,416 Kansas City Southern............................... 5,141 565,973 KAR Auction Services, Inc.......................... 14,392 490,911 KBR, Inc........................................... 7,060 116,702 Kelly Services, Inc. Class A....................... 3,623 61,229 # Kennametal, Inc.................................... 6,737 211,677 * Key Technology, Inc................................ 200 2,560 Kforce, Inc........................................ 3,020 70,668 Kimball International, Inc. Class B................ 2,971 25,759 * Kirby Corp......................................... 5,460 395,795 * KLX, Inc........................................... 2,153 84,634 # Knight Transportation, Inc......................... 9,295 264,815 # Knightsbridge Shipping, Ltd........................ 3,722 14,925 Knoll, Inc......................................... 4,272 87,533 * Korn/Ferry International........................... 3,862 110,067 Landstar System, Inc............................... 2,070 132,646 * Lawson Products, Inc............................... 700 17,220 #* Layne Christensen Co............................... 1,949 15,767 LB Foster Co. Class A.............................. 951 45,087 Lennox International, Inc.......................... 2,262 222,377 Lincoln Electric Holdings, Inc..................... 5,552 377,036 # Lindsay Corp....................................... 1,207 104,309 * LMI Aerospace, Inc................................. 900 12,780 LS Starrett Co. (The) Class A...................... 230 4,961 LSI Industries, Inc................................ 1,905 13,983 * Lydall, Inc........................................ 1,100 30,305 * Magnetek, Inc...................................... 450 17,784 # Manitowoc Co., Inc. (The).......................... 12,568 235,022 Manpowergroup, Inc................................. 5,327 388,232 Marten Transport, Ltd.............................. 3,597 73,559 Masco Corp......................................... 7,631 189,554 #* MasTec, Inc........................................ 7,832 145,049 Matson, Inc........................................ 3,461 120,270 Matthews International Corp. Class A............... 2,539 117,632 McGrath RentCorp................................... 2,066 62,765 * Meritor, Inc....................................... 6,964 89,139 * Mfri, Inc.......................................... 300 1,674 * Middleby Corp. (The)............................... 2,430 230,899 Miller Industries, Inc............................. 800 16,160 971 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Mistras Group, Inc................................. 1,695 $ 34,069 Mobile Mini, Inc................................... 4,479 162,588 * Moog, Inc. Class A................................. 3,378 237,473 * MRC Global, Inc.................................... 4,880 52,753 MSA Safety, Inc.................................... 3,267 142,637 MSC Industrial Direct Co., Inc. Class A............ 4,066 305,235 Mueller Industries, Inc............................ 5,524 173,398 Mueller Water Products, Inc. Class A............... 21,496 219,904 Multi-Color Corp................................... 835 48,614 * MYR Group, Inc..................................... 2,344 58,670 * Navigant Consulting, Inc........................... 4,670 67,388 * NCI Building Systems, Inc.......................... 4,080 62,954 Nielsen NV......................................... 4,825 210,177 NL Industries, Inc................................. 2,000 14,020 NN, Inc............................................ 1,333 30,726 # Nordson Corp....................................... 3,243 236,285 Norfolk Southern Corp.............................. 10,600 1,080,882 #* Nortek, Inc........................................ 919 70,147 * Northwest Pipe Co.................................. 665 15,913 #* NOW, Inc........................................... 2,403 59,955 * Old Dominion Freight Line, Inc..................... 6,405 449,119 * On Assignment, Inc................................. 5,609 197,044 #* Orion Energy Systems, Inc.......................... 900 4,077 * Orion Marine Group, Inc............................ 2,461 22,469 Oshkosh Corp....................................... 8,445 361,868 Owens Corning...................................... 10,762 431,018 PACCAR, Inc........................................ 12,117 728,353 Pall Corp.......................................... 1,800 174,168 * PAM Transportation Services, Inc................... 633 36,651 Park-Ohio Holdings Corp............................ 1,583 84,580 Parker Hannifin Corp............................... 4,193 488,317 * Patrick Industries, Inc............................ 1,555 66,865 * Pendrell Corp...................................... 6,146 7,990 Pentair P.L.C...................................... 7,294 450,842 #* Performant Financial Corp.......................... 6,812 33,788 * PGT, Inc........................................... 8,317 71,443 Pitney Bowes, Inc.................................. 9,792 234,812 #* Ply Gem Holdings, Inc.............................. 4,100 51,660 * PMFG, Inc.......................................... 999 4,805 #* Polypore International, Inc........................ 3,141 140,466 Powell Industries, Inc............................. 901 35,148 * PowerSecure International, Inc..................... 1,907 17,926 Precision Castparts Corp........................... 4,599 920,260 Preformed Line Products Co......................... 428 20,463 Primoris Services Corp............................. 6,129 115,103 * Proto Labs, Inc.................................... 741 47,713 Quad/Graphics, Inc................................. 2,842 56,954 * Quality Distribution, Inc.......................... 1,489 12,418 Quanex Building Products Corp...................... 3,874 72,947 * Quanta Services, Inc............................... 6,214 164,547 #* Radiant Logistics, Inc............................. 2,376 11,429 # Raven Industries, Inc.............................. 3,272 70,152 RBC Bearings, Inc.................................. 2,352 136,510 972 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) RCM Technologies, Inc.............................. 300 $ 1,776 Regal-Beloit Corp.................................. 3,437 236,637 * Republic Airways Holdings, Inc..................... 4,503 61,961 Republic Services, Inc............................. 15,960 633,293 Resources Connection, Inc.......................... 3,398 56,747 * Rexnord Corp....................................... 14,329 354,643 * Roadrunner Transportation Systems, Inc............. 3,585 72,847 Robert Half International, Inc..................... 3,697 214,648 Rockwell Automation, Inc........................... 2,868 312,383 # Rollins, Inc....................................... 7,149 236,274 Roper Industries, Inc.............................. 3,633 560,717 * RPX Corp........................................... 5,300 65,455 # RR Donnelley & Sons Co............................. 24,621 405,508 #* Rush Enterprises, Inc. Class A..................... 2,908 81,424 Ryder System, Inc.................................. 6,952 575,556 * Saia, Inc.......................................... 2,876 121,108 * Sensata Technologies Holding NV.................... 3,033 149,588 # SIFCO Industries, Inc.............................. 157 4,551 Simpson Manufacturing Co., Inc..................... 4,083 133,269 SkyWest, Inc....................................... 5,524 69,326 * SL Industries, Inc................................. 560 23,940 Snap-on, Inc....................................... 2,500 331,775 #* SolarCity Corp..................................... 1,500 72,915 Southwest Airlines Co.............................. 38,606 1,744,219 * SP Plus Corp....................................... 1,107 24,708 * Spirit Aerosystems Holdings, Inc. Class A.......... 6,809 306,677 * Spirit Airlines, Inc............................... 5,133 380,561 SPX Corp........................................... 3,471 290,071 #* Standard Register Co. (The)........................ 220 345 Standex International Corp......................... 1,192 83,547 Stanley Black & Decker, Inc........................ 6,153 576,228 Steelcase, Inc. Class A............................ 10,033 169,357 * Stericycle, Inc.................................... 1,193 156,629 * Sterling Construction Co., Inc..................... 832 2,887 * Stock Building Supply Holdings, Inc................ 1,667 25,972 # Sun Hydraulics Corp................................ 2,299 83,316 Supreme Industries, Inc. Class A................... 1,500 11,565 #* Swift Transportation Co............................ 9,485 233,141 # TAL International Group, Inc....................... 3,220 130,893 * Taser International, Inc........................... 4,043 109,201 * Team, Inc.......................................... 1,660 63,312 * Tecumseh Products Co............................... 610 2,159 * Teledyne Technologies, Inc......................... 3,321 315,628 Tennant Co......................................... 1,635 106,618 # Terex Corp......................................... 9,365 210,525 Tetra Tech, Inc.................................... 6,259 144,145 # Textainer Group Holdings, Ltd...................... 5,806 190,495 * Thermon Group Holdings, Inc........................ 2,394 48,957 Timken Co. (The)................................... 7,831 297,656 # Titan International, Inc........................... 3,320 29,681 #* Titan Machinery, Inc............................... 1,637 23,131 Toro Co. (The)..................................... 2,560 166,170 Towers Watson & Co. Class A........................ 2,442 289,377 973 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) TransDigm Group, Inc............................... 1,078 $ 221,561 * TRC Cos., Inc...................................... 1,036 7,159 #* Trex Co., Inc...................................... 1,936 82,338 * Trimas Corp........................................ 3,517 94,924 # Trinity Industries, Inc............................ 13,370 353,904 # Triumph Group, Inc................................. 4,587 261,734 * TrueBlue, Inc...................................... 3,640 80,298 * Tutor Perini Corp.................................. 4,450 96,609 Twin Disc, Inc..................................... 1,100 17,710 Tyco International P.L.C........................... 13,506 551,180 * Ultralife Corp..................................... 900 3,015 UniFirst Corp...................................... 1,405 163,163 Union Pacific Corp................................. 30,954 3,628,118 * United Continental Holdings, Inc................... 24,322 1,687,217 United Parcel Service, Inc. Class B................ 6,514 643,844 * United Rentals, Inc................................ 7,158 593,040 # United Stationers, Inc............................. 3,103 125,082 United Technologies Corp........................... 12,279 1,409,384 Universal Forest Products, Inc..................... 2,015 100,871 Universal Truckload Services, Inc.................. 2,487 58,594 # US Ecology, Inc.................................... 2,310 95,773 #* USA Truck, Inc..................................... 905 25,159 #* USG Corp........................................... 4,837 147,287 #* UTi Worldwide, Inc................................. 10,073 119,567 # Valmont Industries, Inc............................ 2,227 267,507 * Verisk Analytics, Inc. Class A..................... 3,938 253,410 #* Veritiv Corp....................................... 833 42,375 Viad Corp.......................................... 2,548 68,745 #* Vicor Corp......................................... 1,600 17,232 VSE Corp........................................... 500 36,185 #* Wabash National Corp............................... 7,495 93,463 * WABCO Holdings, Inc................................ 2,422 230,502 Wabtec Corp........................................ 1,400 116,830 Waste Connections, Inc............................. 12,580 543,708 Waste Management, Inc.............................. 9,825 505,300 # Watsco, Inc........................................ 2,518 274,109 Watts Water Technologies, Inc. Class A............. 2,837 166,333 # Werner Enterprises, Inc............................ 7,357 209,895 #* Wesco Aircraft Holdings, Inc....................... 3,750 48,900 #* WESCO International, Inc........................... 4,700 313,772 # West Corp.......................................... 5,126 167,620 * Willis Lease Finance Corp.......................... 400 8,264 # Woodward, Inc...................................... 5,597 249,682 # WW Grainger, Inc................................... 1,477 348,336 * Xerium Technologies, Inc........................... 805 12,389 #* XPO Logistics, Inc................................. 4,765 175,304 Xylem, Inc......................................... 7,140 243,474 * YRC Worldwide, Inc................................. 2,288 36,288 ----------- Total Industrials............................................. 77,856,954 ----------- Information Technology -- (16.9%) #* 3D Systems Corp.................................... 1,697 49,349 Accenture P.L.C. Class A........................... 6,635 557,539 974 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * ACI Worldwide, Inc................................. 12,043 $ 222,434 Activision Blizzard, Inc........................... 27,130 566,881 * Actua Corp......................................... 3,848 61,953 * Acxiom Corp........................................ 7,419 135,026 * Adobe Systems, Inc................................. 2,344 164,385 # ADTRAN, Inc........................................ 3,700 81,807 * Advanced Energy Industries, Inc.................... 3,977 95,448 #* Advanced Micro Devices, Inc........................ 29,202 75,049 # Advent Software, Inc............................... 3,724 155,849 #* Agilysys, Inc...................................... 1,500 15,570 * Akamai Technologies, Inc........................... 2,915 169,522 * Alliance Data Systems Corp......................... 1,978 571,306 * Alpha & Omega Semiconductor, Ltd................... 1,573 13,795 Altera Corp........................................ 8,814 290,201 Amdocs, Ltd........................................ 6,646 320,204 American Software, Inc. Class A.................... 1,755 14,549 * Amkor Technology, Inc.............................. 10,538 66,916 Amphenol Corp. Class A............................. 5,258 282,407 * Amtech Systems, Inc................................ 400 3,268 #* ANADIGICS, Inc..................................... 1,360 1,469 Analog Devices, Inc................................ 7,988 416,215 * Anixter International, Inc......................... 3,263 245,900 * ANSYS, Inc......................................... 3,325 268,228 * AOL, Inc........................................... 6,256 270,572 Apple, Inc......................................... 113,939 13,349,093 Applied Materials, Inc............................. 15,059 343,948 * ARRIS Group, Inc................................... 12,899 338,212 * Arrow Electronics, Inc............................. 9,061 498,717 * Aspen Technology, Inc.............................. 3,712 131,201 * Atmel Corp......................................... 11,100 92,463 * Autodesk, Inc...................................... 2,200 118,811 Automatic Data Processing, Inc..................... 4,797 395,896 Avago Technologies, Ltd............................ 3,100 318,928 * AVG Technologies NV................................ 9,784 193,528 * Aviat Networks, Inc................................ 3,735 4,781 #* Avid Technology, Inc............................... 2,744 35,562 Avnet, Inc......................................... 10,669 444,044 AVX Corp........................................... 11,185 144,622 * Axcelis Technologies, Inc.......................... 13,615 32,676 * AXT, Inc........................................... 2,400 6,672 # Badger Meter, Inc.................................. 1,500 89,790 #* Bankrate, Inc...................................... 7,400 92,352 Bel Fuse, Inc. Class B............................. 1,200 28,224 Belden, Inc........................................ 2,262 187,610 * Benchmark Electronics, Inc......................... 4,214 102,105 Black Box Corp..................................... 1,262 26,515 Blackbaud, Inc..................................... 3,332 145,642 #* Blackhawk Network Holdings, Inc. Class B........... 2,878 95,291 #* Blucora, Inc....................................... 3,873 52,363 Booz Allen Hamilton Holding Corp................... 6,189 180,162 * Bottomline Technologies de, Inc.................... 2,535 62,792 Broadcom Corp. Class A............................. 6,200 263,097 Broadridge Financial Solutions, Inc................ 7,885 378,401 975 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * BroadVision, Inc................................... 200 $ 1,206 Brocade Communications Systems, Inc................ 39,080 434,570 Brooks Automation, Inc............................. 7,292 94,140 * Bsquare Corp....................................... 500 2,215 * BTU International, Inc............................. 400 1,052 CA, Inc............................................ 20,378 617,453 * Cabot Microelectronics Corp........................ 2,165 106,973 * CACI International, Inc. Class A................... 2,566 217,058 #* Cadence Design Systems, Inc........................ 10,300 185,297 #* CalAmp Corp........................................ 3,100 55,521 * Calix, Inc......................................... 5,315 51,024 #* Cardtronics, Inc................................... 5,688 191,174 * Cascade Microtech, Inc............................. 1,080 14,537 # Cass Information Systems, Inc...................... 876 38,386 CDK Global, Inc.................................... 1,599 72,211 CDW Corp........................................... 5,644 193,363 * Ceva, Inc.......................................... 1,827 33,452 * Checkpoint Systems, Inc............................ 4,200 54,432 * Ciber, Inc......................................... 4,882 15,769 #* Ciena Corp......................................... 7,459 138,141 * Cimpress NV........................................ 1,285 103,507 #* Cirrus Logic, Inc.................................. 6,738 178,557 Cisco Systems, Inc................................. 122,649 3,233,641 * Citrix Systems, Inc................................ 4,653 275,737 #* Clearfield, Inc.................................... 600 7,068 * Cognex Corp........................................ 3,016 110,838 * Cognizant Technology Solutions Corp. Class A....... 5,616 303,994 * Coherent, Inc...................................... 1,988 123,017 Cohu, Inc.......................................... 2,599 29,447 Communications Systems, Inc........................ 400 4,100 * CommVault Systems, Inc............................. 2,924 127,428 Computer Sciences Corp............................. 10,214 619,786 Computer Task Group, Inc........................... 1,668 13,494 * comScore, Inc...................................... 1,191 49,498 Comtech Telecommunications Corp.................... 1,600 52,864 * Comverse, Inc...................................... 800 13,784 Concurrent Computer Corp........................... 1,400 8,820 * Constant Contact, Inc.............................. 1,310 49,544 # Convergys Corp..................................... 8,388 160,714 * CoreLogic, Inc..................................... 9,208 305,706 #* CoStar Group, Inc.................................. 1,227 226,394 * Covisint Corp...................................... 2,639 5,859 #* Cray, Inc.......................................... 2,309 75,019 #* Cree, Inc.......................................... 5,708 201,835 #* Crexendo, Inc...................................... 100 143 CSG Systems International, Inc..................... 3,464 84,937 CTS Corp........................................... 1,493 23,888 Daktronics, Inc.................................... 2,912 36,051 * Datalink Corp...................................... 1,905 21,641 #* Dealertrack Technologies, Inc...................... 4,432 178,166 * Demand Media, Inc.................................. 663 2,685 * Dice Holdings, Inc................................. 7,764 64,208 # Diebold, Inc....................................... 2,991 93,319 976 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Digi International, Inc............................ 1,926 $ 18,393 # Digimarc Corp...................................... 400 10,808 #* Digital River, Inc................................. 2,881 73,552 * Diodes, Inc........................................ 3,494 92,346 Dolby Laboratories, Inc. Class A................... 4,796 186,085 * Dot Hill Systems Corp.............................. 817 3,407 * DSP Group, Inc..................................... 1,882 20,683 DST Systems, Inc................................... 4,345 420,161 * DTS, Inc........................................... 1,197 33,181 # EarthLink Holdings Corp............................ 16,208 68,398 * eBay, Inc.......................................... 12,822 679,566 # Ebix, Inc.......................................... 3,114 71,155 #* Echelon Corp....................................... 1,167 1,634 * EchoStar Corp. Class A............................. 4,056 211,602 Electro Rent Corp.................................. 2,186 28,178 Electro Scientific Industries, Inc................. 3,565 22,353 * Electronic Arts, Inc............................... 4,650 255,099 * Electronics for Imaging, Inc....................... 3,022 116,800 #* Ellie Mae, Inc..................................... 1,499 66,316 * eMagin Corp........................................ 200 590 EMC Corp........................................... 44,025 1,141,568 * Emcore Corp........................................ 1,542 7,972 * Emulex Corp........................................ 8,592 53,786 #* EnerNOC, Inc....................................... 3,307 56,947 * Entegris, Inc...................................... 11,872 154,336 #* Entropic Communications, Inc....................... 6,177 15,998 * Envestnet, Inc..................................... 1,464 75,352 * EPAM Systems, Inc.................................. 3,103 151,830 EPIQ Systems, Inc.................................. 4,050 70,672 * ePlus, Inc......................................... 624 42,083 # Equinix, Inc....................................... 706 153,103 #* Euronet Worldwide, Inc............................. 4,599 208,749 * Exar Corp.......................................... 4,467 40,292 * ExlService Holdings, Inc........................... 2,149 63,138 * Extreme Networks, Inc.............................. 4,120 12,113 * F5 Networks, Inc................................... 1,300 145,106 * Fabrinet........................................... 3,362 54,901 * Facebook, Inc. Class A............................. 13,695 1,039,587 # FactSet Research Systems, Inc...................... 1,863 267,508 Fair Isaac Corp.................................... 3,330 237,595 * Fairchild Semiconductor International, Inc......... 12,052 184,998 * FalconStor Software, Inc........................... 2,300 3,174 * FARO Technologies, Inc............................. 1,300 71,955 FEI Co............................................. 1,811 148,900 Fidelity National Information Services, Inc........ 13,139 820,268 * Finisar Corp....................................... 10,080 182,851 #* First Solar, Inc................................... 7,263 307,370 * Fiserv, Inc........................................ 11,032 800,151 * FleetCor Technologies, Inc......................... 1,366 191,923 * FormFactor, Inc.................................... 5,406 40,815 Forrester Research, Inc............................ 1,323 49,930 * Fortinet, Inc...................................... 3,600 107,622 #* Freescale Semiconductor, Ltd....................... 6,735 216,126 977 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Frequency Electronics, Inc......................... 400 $ 4,562 * Gartner, Inc....................................... 1,984 167,092 * Genpact, Ltd....................................... 17,527 351,767 Global Payments, Inc............................... 6,039 527,265 * Google, Inc. Class A............................... 3,334 1,792,192 * Google, Inc. Class C............................... 3,265 1,745,208 * GSI Group, Inc..................................... 2,146 28,370 * GSI Technology, Inc................................ 1,016 5,141 * GTT Communications, Inc............................ 2,462 28,338 #* Guidance Software, Inc............................. 500 3,280 * Guidewire Software, Inc............................ 1,500 75,150 Hackett Group, Inc. (The).......................... 2,800 21,224 * Harmonic, Inc...................................... 9,892 75,674 Harris Corp........................................ 3,800 255,094 Heartland Payment Systems, Inc..................... 2,458 122,335 Hewlett-Packard Co................................. 86,129 3,111,841 * Higher One Holdings, Inc........................... 5,300 17,543 * HomeAway, Inc...................................... 3,532 90,031 #* Hutchinson Technology, Inc......................... 2,400 8,376 IAC/InterActiveCorp................................ 6,680 407,146 * ID Systems, Inc.................................... 100 659 * Identiv, Inc....................................... 249 3,140 * IEC Electronics Corp............................... 450 2,016 * iGATE Corp......................................... 5,132 181,673 * II-VI, Inc......................................... 6,190 106,406 #* Imation Corp....................................... 1,900 7,144 * Immersion Corp..................................... 1,700 15,997 * Infinera Corp...................................... 7,987 128,750 * Informatica Corp................................... 4,440 185,081 * Ingram Micro, Inc. Class A......................... 11,954 301,002 * Innodata, Inc...................................... 700 2,002 * Inphi Corp......................................... 2,200 43,120 * Insight Enterprises, Inc........................... 4,000 94,680 * Integrated Device Technology, Inc.................. 11,570 211,615 Integrated Silicon Solution, Inc................... 2,651 42,628 Intel Corp......................................... 201,301 6,650,985 #* Interactive Intelligence Group, Inc................ 300 12,168 # InterDigital, Inc.................................. 3,547 177,279 #* Internap Corp...................................... 4,800 40,416 # International Business Machines Corp............... 8,942 1,370,898 Intersil Corp. Class A............................. 12,304 176,070 * IntraLinks Holdings, Inc........................... 2,900 30,914 Intuit, Inc........................................ 2,740 237,887 #* iPass, Inc......................................... 2,100 2,709 #* IPG Photonics Corp................................. 4,300 320,952 #* Itron, Inc......................................... 3,465 128,933 * Ixia............................................... 7,078 71,771 IXYS Corp.......................................... 2,328 26,306 j2 Global, Inc..................................... 3,921 225,222 Jabil Circuit, Inc................................. 20,015 412,509 Jack Henry & Associates, Inc....................... 4,616 283,284 #* JDS Uniphase Corp.................................. 16,851 204,740 Juniper Networks, Inc.............................. 13,845 314,697 978 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) #* Kemet Corp......................................... 3,823 $ 14,527 * Key Tronic Corp.................................... 700 6,454 * Kimball Electronics, Inc........................... 2,228 22,681 KLA-Tencor Corp.................................... 7,152 439,633 #* Knowles Corp....................................... 4,538 96,251 * Kofax, Ltd......................................... 1,400 9,646 #* Kopin Corp......................................... 1,622 5,920 * Kulicke & Soffa Industries, Inc.................... 7,775 117,947 * KVH Industries, Inc................................ 884 10,696 Lam Research Corp.................................. 7,227 552,432 * Lattice Semiconductor Corp......................... 7,554 53,860 Leidos Holdings, Inc............................... 4,143 171,520 # Lexmark International, Inc. Class A................ 6,300 251,433 * Limelight Networks, Inc............................ 7,507 19,969 Linear Technology Corp............................. 4,791 215,308 * LinkedIn Corp. Class A............................. 500 112,370 #* Lionbridge Technologies, Inc....................... 7,777 38,729 #* Liquidity Services, Inc............................ 151 1,169 Littelfuse, Inc.................................... 2,023 199,751 * LoJack Corp........................................ 1,205 2,555 * M/A-COM Technology Solutions Holdings, Inc......... 1,116 36,281 * Magnachip Semiconductor Corp....................... 3,805 54,716 * Manhattan Associates, Inc.......................... 5,332 238,020 # Marchex, Inc. Class B.............................. 1,400 5,334 Marvell Technology Group, Ltd...................... 15,570 241,179 MasterCard, Inc. Class A........................... 10,340 848,190 #* Mattersight Corp................................... 151 838 Maxim Integrated Products, Inc..................... 11,504 380,667 MAXIMUS, Inc....................................... 6,234 347,358 * MaxLinear, Inc. Class A............................ 1,000 8,050 #* Maxwell Technologies, Inc.......................... 1,381 10,993 Mentor Graphics Corp............................... 11,565 266,111 * Mercury Systems, Inc............................... 3,426 54,062 # Mesa Laboratories, Inc............................. 256 19,500 Methode Electronics, Inc........................... 3,800 137,446 Micrel, Inc........................................ 4,040 56,843 # Microchip Technology, Inc.......................... 8,411 379,336 * Micron Technology, Inc............................. 37,307 1,091,789 * Microsemi Corp..................................... 8,579 239,011 Microsoft Corp..................................... 95,168 3,844,787 MKS Instruments, Inc............................... 5,038 176,380 MOCON, Inc......................................... 400 6,940 #* ModusLink Global Solutions, Inc.................... 2,008 7,249 * MoneyGram International, Inc....................... 2,487 21,189 Monolithic Power Systems, Inc...................... 2,436 115,686 Monotype Imaging Holdings, Inc..................... 3,218 94,416 #* Monster Worldwide, Inc............................. 8,316 34,345 #* MoSys, Inc......................................... 4,500 9,045 Motorola Solutions, Inc............................ 8,887 554,638 MTS Systems Corp................................... 1,176 85,001 #* Multi-Fineline Electronix, Inc..................... 1,449 18,851 * Nanometrics, Inc................................... 2,275 35,353 * NAPCO Security Technologies, Inc................... 990 4,920 979 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) National Instruments Corp.......................... 7,787 $ 234,233 * NCI, Inc. Class A.................................. 397 4,891 * NCR Corp........................................... 17,416 442,366 NetApp, Inc........................................ 14,222 537,592 * NETGEAR, Inc....................................... 3,272 110,495 #* Netscout Systems, Inc.............................. 2,794 100,305 #* NetSuite, Inc...................................... 550 54,136 #* NeuStar, Inc. Class A.............................. 2,100 55,209 * Newport Corp....................................... 2,772 51,337 NIC, Inc........................................... 4,348 71,394 * Novatel Wireless, Inc.............................. 1,800 9,504 #* Nuance Communications, Inc......................... 22,574 310,280 #* Numerex Corp. Class A.............................. 800 8,384 # NVIDIA Corp........................................ 20,860 400,616 * Oclaro, Inc........................................ 4,670 6,678 * OmniVision Technologies, Inc....................... 5,271 142,528 * ON Semiconductor Corp.............................. 43,551 435,946 Oracle Corp........................................ 59,277 2,483,114 * OSI Systems, Inc................................... 1,600 111,968 #* Palo Alto Networks, Inc............................ 1,100 139,029 #* Pandora Media, Inc................................. 3,000 49,800 * PAR Technology Corp................................ 700 4,018 Park Electrochemical Corp.......................... 1,965 42,660 Paychex, Inc....................................... 7,690 348,049 PC Connection, Inc................................. 2,600 61,750 PC-Tel, Inc........................................ 700 5,873 * PCM, Inc........................................... 700 6,650 * PDF Solutions, Inc................................. 1,700 28,254 Pegasystems, Inc................................... 4,884 95,580 Perceptron, Inc.................................... 800 8,568 * Perficient, Inc.................................... 3,179 57,222 * Pericom Semiconductor Corp......................... 1,840 26,882 * Photronics, Inc.................................... 6,520 54,768 #* Planar Systems, Inc................................ 131 959 Plantronics, Inc................................... 3,500 160,405 * Plexus Corp........................................ 2,938 111,321 * PMC-Sierra, Inc.................................... 16,600 146,744 * Polycom, Inc....................................... 10,695 142,243 Power Integrations, Inc............................ 1,757 90,626 * PRGX Global, Inc................................... 2,000 10,380 #* Procera Networks, Inc.............................. 1,500 13,170 * Progress Software Corp............................. 4,875 122,119 * PTC, Inc........................................... 5,100 170,391 QAD, Inc. Class A.................................. 1,497 28,952 QAD, Inc. Class B.................................. 160 2,770 * QLogic Corp........................................ 9,117 121,803 * Qorvo, Inc......................................... 11,015 813,678 QUALCOMM, Inc...................................... 20,304 1,268,188 #* Quantum Corp....................................... 4,896 7,736 #* QuinStreet, Inc.................................... 2,573 13,174 * Qumu Corp.......................................... 800 11,360 * Rackspace Hosting, Inc............................. 6,436 289,363 * Radisys Corp....................................... 1,829 4,243 980 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) #* Rambus, Inc........................................ 7,258 $ 81,652 * RealD, Inc......................................... 3,135 34,015 * RealNetworks, Inc.................................. 7,413 52,113 #* RealPage, Inc...................................... 1,702 30,653 * Red Hat, Inc....................................... 2,126 135,618 Reis, Inc.......................................... 600 13,500 Richardson Electronics, Ltd........................ 900 8,433 #* Rightside Group, Ltd............................... 663 5,238 * Riverbed Technology, Inc........................... 8,723 179,519 * Rofin-Sinar Technologies, Inc...................... 2,241 60,328 * Rogers Corp........................................ 1,173 86,638 #* Rosetta Stone, Inc................................. 1,595 14,387 * Rovi Corp.......................................... 6,771 156,478 #* Rubicon Technology, Inc............................ 1,694 7,047 * Rudolph Technologies, Inc.......................... 2,708 27,161 * Saba Software, Inc................................. 1,400 13,496 * Salesforce.com, Inc................................ 2,145 121,085 SanDisk Corp....................................... 5,191 394,049 * Sanmina Corp....................................... 8,115 171,876 * Sapient Corp....................................... 11,200 278,432 * ScanSource, Inc.................................... 2,593 89,407 * Seachange International, Inc....................... 3,525 24,887 # Seagate Technology P.L.C........................... 6,116 345,187 * Semtech Corp....................................... 4,384 111,617 * ServiceNow, Inc.................................... 878 64,006 * ServiceSource International, Inc................... 4,300 14,405 * ShoreTel, Inc...................................... 2,000 14,160 * Shutterstock, Inc.................................. 849 47,790 * Sigma Designs, Inc................................. 2,476 15,747 * Silicon Graphics International Corp................ 1,468 13,843 * Silicon Image, Inc................................. 8,600 62,436 * Silicon Laboratories, Inc.......................... 3,026 132,418 Skyworks Solutions, Inc............................ 6,669 553,860 * SMTC Corp.......................................... 1,100 1,826 * SolarWinds, Inc.................................... 2,900 139,635 Solera Holdings, Inc............................... 3,042 156,967 * Sonus Networks, Inc................................ 1,934 36,897 * Spansion, Inc. Class A............................. 5,831 206,767 #* Speed Commerce, Inc................................ 600 1,428 * Splunk, Inc........................................ 200 10,330 SS&C Technologies Holdings, Inc.................... 6,500 359,645 * Stamps.com, Inc.................................... 1,221 55,641 * StarTek, Inc....................................... 700 6,601 #* Stratasys, Ltd..................................... 3,649 290,059 #* SunEdison, Inc..................................... 5,401 101,161 #* SunPower Corp...................................... 6,203 149,616 * Super Micro Computer, Inc.......................... 2,560 93,619 * support.com, Inc................................... 5,020 9,839 * Sykes Enterprises, Inc............................. 4,017 90,463 Symantec Corp...................................... 33,068 819,094 #* Synaptics, Inc..................................... 2,345 180,119 * Synchronoss Technologies, Inc...................... 3,800 161,386 # SYNNEX Corp........................................ 3,649 270,719 981 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Synopsys, Inc...................................... 10,217 $ 439,229 * Syntel, Inc........................................ 3,208 138,746 * Tableau Software, Inc. Class A..................... 400 32,304 #* Take-Two Interactive Software, Inc................. 14,233 423,005 TE Connectivity, Ltd............................... 6,900 458,091 * Tech Data Corp..................................... 3,921 223,889 * TechTarget, Inc.................................... 1,000 11,050 * TeleCommunication Systems, Inc. Class A............ 6,025 17,051 #* Telenav, Inc....................................... 4,400 28,512 * TeleTech Holdings, Inc............................. 4,817 106,263 #* Teradata Corp...................................... 8,546 380,810 Teradyne, Inc...................................... 16,246 294,053 Tessco Technologies, Inc........................... 672 15,221 Tessera Technologies, Inc.......................... 5,070 187,996 Texas Instruments, Inc............................. 12,038 643,431 * TiVo, Inc.......................................... 3,768 39,413 Total System Services, Inc......................... 11,890 420,549 Transact Technologies, Inc......................... 400 2,380 * Trimble Navigation, Ltd............................ 7,215 172,006 #* TTM Technologies, Inc.............................. 6,986 48,553 * Twitter, Inc....................................... 1,000 37,530 * Tyler Technologies, Inc............................ 1,117 118,491 Ubiquiti Networks, Inc............................. 2,227 58,559 #* Ultimate Software Group, Inc. (The)................ 680 100,647 * Ultra Clean Holdings, Inc.......................... 3,000 26,400 #* Ultratech, Inc..................................... 2,800 44,632 * Unisys Corp........................................ 3,288 72,106 * United Online, Inc................................. 1,294 17,081 #* Unwired Planet, Inc................................ 3,220 3,178 * Vantiv, Inc. Class A............................... 9,256 318,314 #* Veeco Instruments, Inc............................. 3,848 112,246 #* VeriFone Systems, Inc.............................. 6,690 209,999 * Verint Systems, Inc................................ 2,996 159,926 #* VeriSign, Inc...................................... 1,800 98,064 #* ViaSat, Inc........................................ 2,399 134,872 * Viasystems Group, Inc.............................. 804 12,872 * Virtusa Corp....................................... 2,040 76,418 Visa, Inc. Class A................................. 4,405 1,122,879 # Vishay Intertechnology, Inc........................ 13,144 179,021 * Vishay Precision Group, Inc........................ 793 13,196 #* VMware, Inc. Class A............................... 340 26,214 Wayside Technology Group, Inc...................... 200 3,546 * Web.com Group, Inc................................. 3,410 51,525 #* WebMD Health Corp.................................. 1,999 77,461 * Westell Technologies, Inc. Class A................. 2,172 2,715 Western Digital Corp............................... 6,299 612,452 # Western Union Co. (The)............................ 10,951 186,167 * WEX, Inc........................................... 3,136 288,669 #* Workday, Inc. Class A.............................. 626 49,742 * Xcerra Corp........................................ 3,103 23,831 Xilinx, Inc........................................ 5,946 229,367 * XO Group, Inc...................................... 2,465 40,525 * Yahoo!, Inc........................................ 15,538 683,517 982 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Information Technology -- (Continued) #* Yelp, Inc.......................................... 600 $ 31,482 * Zebra Technologies Corp. Class A................... 3,124 260,729 #* Zillow, Inc. Class A............................... 500 48,460 * Zix Corp........................................... 5,819 20,599 #* Zynga, Inc. Class A................................ 66,165 169,382 ------------ Total Information Technology........................... 101,029,049 ------------ Materials -- (4.8%) A Schulman, Inc.................................... 2,365 82,420 * AEP Industries, Inc................................ 875 43,846 Air Products & Chemicals, Inc...................... 3,000 436,830 Airgas, Inc........................................ 5,063 570,296 Albemarle Corp..................................... 9,046 436,560 Alcoa, Inc......................................... 50,287 786,992 # Allegheny Technologies, Inc........................ 8,216 234,403 #* Allied Nevada Gold Corp............................ 1,571 1,618 #* AM Castle & Co..................................... 1,581 9,565 # American Vanguard Corp............................. 3,400 38,012 Ampco-Pittsburgh Corp.............................. 1,053 19,165 # Aptargroup, Inc.................................... 5,567 351,333 Ashland, Inc....................................... 2,940 348,449 Avery Dennison Corp................................ 9,095 475,396 Axiall Corp........................................ 6,305 278,996 Ball Corp.......................................... 3,274 207,342 Bemis Co., Inc..................................... 10,211 452,347 * Berry Plastics Group, Inc.......................... 5,689 192,402 * Boise Cascade Co................................... 3,906 157,959 Cabot Corp......................................... 4,742 201,108 * Calgon Carbon Corp................................. 5,733 113,112 Carpenter Technology Corp.......................... 4,143 157,185 * Century Aluminum Co................................ 8,251 190,681 CF Industries Holdings, Inc........................ 3,965 1,210,832 Chase Corp......................................... 998 35,728 * Chemtura Corp...................................... 9,802 213,586 * Clearwater Paper Corp.............................. 1,919 142,044 # Cliffs Natural Resources, Inc...................... 2,324 14,920 * Codexis, Inc....................................... 2,200 8,404 #* Coeur Mining, Inc.................................. 8,300 52,290 Commercial Metals Co............................... 12,372 166,032 Compass Minerals International, Inc................ 4,022 351,523 #* Contango ORE, Inc.................................. 20 80 * Core Molding Technologies, Inc..................... 683 9,904 * Crown Holdings, Inc................................ 3,146 139,399 Cytec Industries, Inc.............................. 7,800 374,322 Deltic Timber Corp................................. 681 42,563 Domtar Corp........................................ 4,958 189,891 Dow Chemical Co. (The)............................. 37,652 1,700,364 Eagle Materials, Inc............................... 2,000 142,440 Ecolab, Inc........................................ 3,686 382,496 EI du Pont de Nemours & Co......................... 12,219 870,115 * Ferro Corp......................................... 15,726 175,030 #* Flotek Industries, Inc............................. 3,205 51,825 FMC Corp........................................... 2,976 171,120 983 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Materials -- (Continued) Freeport-McMoRan, Inc.............................. 41,691 $700,826 Friedman Industries, Inc........................... 400 2,504 FutureFuel Corp.................................... 2,972 32,662 Globe Specialty Metals, Inc........................ 5,499 84,795 * Graphic Packaging Holding Co....................... 33,959 491,726 Greif, Inc. Class A................................ 2,100 80,220 # Greif, Inc. Class B................................ 1,052 46,088 # Hawkins, Inc....................................... 817 31,463 Haynes International, Inc.......................... 794 30,910 # HB Fuller Co....................................... 5,405 222,416 * Headwaters, Inc.................................... 4,392 61,839 # Hecla Mining Co.................................... 35,506 116,815 #* Horsehead Holding Corp............................. 4,750 63,840 # Huntsman Corp...................................... 16,769 368,247 Innophos Holdings, Inc............................. 2,105 125,332 Innospec, Inc...................................... 2,596 102,464 International Flavors & Fragrances, Inc............ 1,400 148,554 International Paper Co............................. 15,455 813,860 #* Intrepid Potash, Inc............................... 5,959 79,314 # Kaiser Aluminum Corp............................... 1,125 77,974 KapStone Paper and Packaging Corp.................. 12,344 368,715 KMG Chemicals, Inc................................. 783 16,380 Koppers Holdings, Inc.............................. 1,876 34,068 * Kraton Performance Polymers, Inc................... 2,656 51,367 Kronos Worldwide, Inc.............................. 5,675 63,730 #* Louisiana-Pacific Corp............................. 13,787 225,693 * LSB Industries, Inc................................ 1,632 50,984 LyondellBasell Industries NV Class A............... 9,153 723,911 Martin Marietta Materials, Inc..................... 845 91,040 Materion Corp...................................... 2,000 65,900 #* McEwen Mining, Inc................................. 4,528 5,660 MeadWestvaco Corp.................................. 8,916 448,297 * Mercer International, Inc.......................... 6,733 85,374 Minerals Technologies, Inc......................... 3,338 218,072 #* Molycorp, Inc...................................... 470 155 Mosaic Co. (The)................................... 10,173 495,323 Myers Industries, Inc.............................. 3,823 63,653 Neenah Paper, Inc.................................. 1,808 103,743 NewMarket Corp..................................... 500 224,835 Newmont Mining Corp................................ 22,395 563,234 # Noranda Aluminum Holding Corp...................... 5,483 16,614 Nucor Corp......................................... 9,149 399,354 Olin Corp.......................................... 7,940 199,056 # Olympic Steel, Inc................................. 600 8,226 OM Group, Inc...................................... 1,766 49,448 * OMNOVA Solutions, Inc.............................. 5,202 35,686 * Owens-Illinois, Inc................................ 17,227 402,250 Packaging Corp. of America......................... 6,186 469,208 * Penford Corp....................................... 590 11,104 PH Glatfelter Co................................... 4,312 98,615 PolyOne Corp....................................... 8,773 312,231 PPG Industries, Inc................................ 1,366 304,454 Praxair, Inc....................................... 3,738 450,765 984 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Quaker Chemical Corp............................... 1,400 $ 110,488 Reliance Steel & Aluminum Co....................... 5,704 298,719 #* Rentech, Inc....................................... 5,699 6,839 * Resolute Forest Products, Inc...................... 3,562 60,554 Rock-Tenn Co. Class A.............................. 8,580 556,842 # Royal Gold, Inc.................................... 4,838 350,562 RPM International, Inc............................. 7,104 339,997 * RTI International Metals, Inc...................... 3,057 68,171 # Schnitzer Steel Industries, Inc. Class A........... 2,700 45,576 Scotts Miracle-Gro Co. (The) Class A............... 3,637 230,695 Sealed Air Corp.................................... 5,588 226,314 Sensient Technologies Corp......................... 3,678 224,358 Sherwin-Williams Co. (The)......................... 700 189,889 Silgan Holdings, Inc............................... 7,131 366,605 Sonoco Products Co................................. 10,314 455,879 # Southern Copper Corp............................... 2,100 57,288 Steel Dynamics, Inc................................ 22,076 376,175 Stepan Co.......................................... 1,652 63,437 #* Stillwater Mining Co............................... 10,155 138,819 SunCoke Energy, Inc................................ 6,774 102,287 Synalloy Corp...................................... 498 8,317 TimkenSteel Corp................................... 3,691 99,657 * Trecora Resources.................................. 1,214 16,693 Tredegar Corp...................................... 1,324 28,320 Tronox, Ltd. Class A............................... 5,749 121,534 # United States Lime & Minerals, Inc................. 400 27,660 # United States Steel Corp........................... 11,099 271,260 #* Universal Stainless & Alloy Products, Inc.......... 900 20,061 Valspar Corp. (The)................................ 2,101 175,286 Vulcan Materials Co................................ 3,952 278,656 # Walter Energy, Inc................................. 550 513 # Wausau Paper Corp.................................. 2,808 28,529 Westlake Chemical Corp............................. 6,310 361,626 Worthington Industries, Inc........................ 6,391 191,283 * WR Grace & Co...................................... 1,636 141,808 Zep, Inc........................................... 1,294 20,730 ----------- Total Materials........................................ 28,631,346 ----------- Other -- (0.0%) o* Gerber Scientific, Inc. Escrow Shares.............. 1,200 -- ----------- Real Estate Investment Trusts -- (0.1%) # Iron Mountain, Inc................................. 11,691 465,769 ----------- Telecommunication Services -- (3.0%) #* 8x8, Inc........................................... 1,219 9,399 * Alteva............................................. 100 730 # AT&T, Inc.......................................... 267,928 8,820,190 Atlantic Tele-Network, Inc......................... 1,482 98,449 #* Boingo Wireless, Inc............................... 2,902 24,522 CenturyLink, Inc................................... 24,232 900,703 * Cincinnati Bell, Inc............................... 18,105 53,048 Cogent Communications Holdings, Inc................ 3,222 119,407 985 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Telecommunication Services -- (Continued) # Consolidated Communications Holdings, Inc.......... 6,389 $ 148,736 # Frontier Communications Corp....................... 94,635 635,474 * General Communication, Inc. Class A................ 4,100 60,188 * Hawaiian Telcom Holdco, Inc........................ 865 22,516 IDT Corp. Class B.................................. 3,068 65,532 Inteliquent, Inc................................... 4,593 77,254 #* Intelsat SA........................................ 4,493 70,765 #* Iridium Communications, Inc........................ 4,837 41,163 * Level 3 Communications, Inc........................ 9,472 471,137 # Lumos Networks Corp................................ 2,200 35,266 # NTELOS Holdings Corp............................... 1,700 6,970 * ORBCOMM, Inc....................................... 4,550 25,298 * Premiere Global Services, Inc...................... 4,670 41,283 * SBA Communications Corp. Class A................... 3,117 363,754 Shenandoah Telecommunications Co................... 4,421 131,348 Spok Holdings, Inc................................. 1,798 30,782 #* Sprint Corp........................................ 14,511 62,397 #* Straight Path Communications, Inc. Class B......... 984 18,873 #* T-Mobile US, Inc................................... 6,336 191,221 Telephone & Data Systems, Inc...................... 10,022 233,012 #* United States Cellular Corp........................ 1,820 63,318 Verizon Communications, Inc........................ 97,571 4,459,970 * Vonage Holdings Corp............................... 13,116 55,087 Windstream Holdings, Inc........................... 75,198 597,824 ----------- Total Telecommunication Services....................... 17,935,616 ----------- Utilities -- (2.5%) AES Corp........................................... 11,991 146,530 AGL Resources, Inc................................. 3,224 181,769 ALLETE, Inc........................................ 3,220 182,413 Alliant Energy Corp................................ 3,065 210,290 Ameren Corp........................................ 3,764 170,434 American Electric Power Co., Inc................... 4,318 271,214 American States Water Co........................... 3,000 118,920 American Water Works Co., Inc...................... 2,882 161,795 # Aqua America, Inc.................................. 7,541 203,984 Artesian Resources Corp. Class A................... 400 8,860 Atmos Energy Corp.................................. 4,294 244,372 # Avista Corp........................................ 4,581 170,093 Black Hills Corp................................... 3,248 162,920 * Cadiz, Inc......................................... 300 2,898 California Water Service Group..................... 3,500 85,890 * Calpine Corp....................................... 28,165 588,085 CenterPoint Energy, Inc............................ 7,411 171,120 # Chesapeake Utilities Corp.......................... 1,092 53,246 Cleco Corp......................................... 2,372 128,942 CMS Energy Corp.................................... 4,770 179,972 Connecticut Water Service, Inc..................... 917 32,975 # Consolidated Edison, Inc........................... 4,624 320,351 Consolidated Water Co., Ltd........................ 959 10,405 Delta Natural Gas Co., Inc......................... 591 12,547 Dominion Resources, Inc............................ 5,042 387,679 DTE Energy Co...................................... 2,900 260,014 986 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Utilities -- (Continued) Duke Energy Corp................................... 5,754 $501,404 * Dynegy, Inc........................................ 9,610 262,545 Edison International............................... 2,687 183,119 El Paso Electric Co................................ 3,000 120,180 Empire District Electric Co. (The)................. 3,337 101,678 Entergy Corp....................................... 2,916 255,179 Exelon Corp........................................ 7,153 257,794 FirstEnergy Corp................................... 6,859 276,623 Gas Natural, Inc................................... 700 6,825 # Genie Energy, Ltd. Class B......................... 1,601 10,038 Great Plains Energy, Inc........................... 6,524 192,915 Hawaiian Electric Industries, Inc.................. 4,869 167,007 # IDACORP, Inc....................................... 3,281 222,813 Integrys Energy Group, Inc......................... 2,195 178,014 ITC Holdings Corp.................................. 6,629 281,998 # Laclede Group, Inc. (The).......................... 3,000 161,280 MDU Resources Group, Inc........................... 5,681 128,447 MGE Energy, Inc.................................... 2,263 103,872 # Middlesex Water Co................................. 1,448 31,668 # National Fuel Gas Co............................... 3,654 231,773 New Jersey Resources Corp.......................... 2,955 188,765 NextEra Energy, Inc................................ 3,767 411,507 NiSource, Inc...................................... 5,129 221,881 # Northeast Utilities................................ 5,199 288,960 # Northwest Natural Gas Co........................... 1,777 88,690 # NorthWestern Corp.................................. 3,282 189,568 NRG Energy, Inc.................................... 11,416 281,519 # NRG Yield, Inc. Class A............................ 1,304 68,956 OGE Energy Corp.................................... 3,200 112,576 # ONE Gas, Inc....................................... 3,674 162,354 Ormat Technologies, Inc............................ 3,572 95,551 # Otter Tail Corp.................................... 2,643 81,722 Pepco Holdings, Inc................................ 2,789 76,558 PG&E Corp.......................................... 4,079 239,886 Piedmont Natural Gas Co., Inc...................... 3,151 125,693 Pinnacle West Capital Corp......................... 2,793 196,013 PNM Resources, Inc................................. 5,540 168,970 # Portland General Electric Co....................... 5,000 198,500 PPL Corp........................................... 4,699 166,814 Public Service Enterprise Group, Inc............... 4,305 183,737 Questar Corp....................................... 7,460 193,587 # RGC Resources, Inc................................. 100 2,149 SCANA Corp......................................... 2,029 129,389 Sempra Energy...................................... 1,853 207,388 SJW Corp........................................... 1,548 52,276 South Jersey Industries, Inc....................... 2,186 127,335 Southern Co. (The)................................. 7,780 394,602 Southwest Gas Corp................................. 3,200 196,672 # TECO Energy, Inc................................... 10,000 213,300 UGI Corp........................................... 15,457 571,754 UIL Holdings Corp.................................. 3,790 174,340 Unitil Corp........................................ 1,246 46,551 # Vectren Corp....................................... 3,548 170,020 987 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Utilities -- (Continued) # Westar Energy, Inc............................... 5,593 $ 238,933 # WGL Holdings, Inc................................ 3,291 185,941 # Wisconsin Energy Corp............................ 3,570 199,099 Xcel Energy, Inc................................. 7,919 297,200 # York Water Co.................................... 762 18,037 ------------ Total Utilities........................................ 15,109,683 ------------ TOTAL COMMON STOCKS.................................... 531,626,951 ------------ RIGHTS/WARRANTS -- (0.0%) o* Leap Wireless International, Inc. Contingent Value Rights................................... 1,200 3,024 o#* Magnum Hunter Resources Corp. Warrants 04/15/16.. 732 -- o* Safeway Casa Ley Contingent Value Rights......... 11,539 11,711 o* Safeway PDC, LLC Contingent Value Rights......... 11,539 563 o* Sears Holdings Corporation Rights................ 1 -- ------------ TOTAL RIGHTS/WARRANTS.................................. 15,298 ------------ TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional Liquid Reserves, 0.089%......................................... 1,206,471 1,206,471 ------------ SECURITIES LENDING COLLATERAL -- (10.8%) (S)@ DFA Short Term Investment Fund................... 5,559,556 64,324,060 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $465,583,765)^^.... $597,172,780 ============ 988 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary........ $ 90,133,014 -- -- $ 90,133,014 Consumer Staples.............. 30,905,771 -- -- 30,905,771 Energy........................ 59,372,467 -- -- 59,372,467 Financials.................... 95,255,920 -- -- 95,255,920 Health Care................... 14,931,362 -- -- 14,931,362 Industrials................... 77,856,954 -- -- 77,856,954 Information Technology........ 101,029,049 -- -- 101,029,049 Materials..................... 28,631,346 -- -- 28,631,346 Other......................... -- -- -- -- Real Estate Investment Trusts...................... 465,769 -- -- 465,769 Telecommunication Services.... 17,935,616 -- -- 17,935,616 Utilities..................... 15,109,683 -- -- 15,109,683 Rights/Warrants.................. -- $ 15,298 -- 15,298 Temporary Cash Investments....... 1,206,471 -- -- 1,206,471 Securities Lending Collateral.... -- 64,324,060 -- 64,324,060 ------------ ----------- -- ------------ TOTAL............................ $532,833,422 $64,339,358 -- $597,172,780 ============ =========== == ============ 989 U.S. SUSTAINABILITY CORE 1 PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------ ---------- COMMON STOCKS -- (90.6%) Consumer Discretionary -- (13.9%) * 1-800-Flowers.com, Inc. Class A.................... 900 $ 7,101 Aaron's, Inc....................................... 4,114 130,249 # Abercrombie & Fitch Co. Class A.................... 3,503 89,397 Advance Auto Parts, Inc............................ 1,471 233,889 #* Aeropostale, Inc................................... 1,900 4,636 AH Belo Corp. Class A.............................. 1,500 13,530 * Amazon.com, Inc.................................... 4,837 1,714,862 #* AMC Networks, Inc. Class A......................... 1,567 104,519 * America's Car-Mart, Inc............................ 200 10,622 #* American Axle & Manufacturing Holdings, Inc........ 2,724 66,329 # American Eagle Outfitters, Inc..................... 8,138 114,258 * American Public Education, Inc..................... 300 10,071 * ANN, Inc........................................... 3,244 107,376 * Apollo Education Group, Inc. Class A............... 2,326 58,755 Arctic Cat, Inc.................................... 816 27,434 * Asbury Automotive Group, Inc....................... 1,958 145,303 * Ascena Retail Group, Inc........................... 7,600 87,856 #* Ascent Capital Group, Inc. Class A................. 600 25,386 # Autoliv, Inc....................................... 3,097 328,468 #* AutoNation, Inc.................................... 3,697 220,415 * AutoZone, Inc...................................... 500 298,480 #* Barnes & Noble, Inc................................ 3,478 81,698 Bassett Furniture Industries, Inc.................. 500 11,110 bebe stores, Inc................................... 3,649 13,063 #* Bed Bath & Beyond, Inc............................. 1,300 97,201 * Belmond, Ltd. Class A.............................. 3,642 40,026 Best Buy Co., Inc.................................. 20,971 738,179 Big 5 Sporting Goods Corp.......................... 911 10,850 Big Lots, Inc...................................... 4,004 183,824 * Biglari Holdings, Inc.............................. 200 82,794 #* BJ's Restaurants, Inc.............................. 1,590 70,421 * Bloomin' Brands, Inc............................... 4,944 122,191 #* Blue Nile, Inc..................................... 771 23,963 Blyth, Inc......................................... 400 2,964 # Bob Evans Farms, Inc............................... 1,100 62,007 * Books-A-Million, Inc............................... 300 756 BorgWarner, Inc.................................... 5,800 313,258 #* Bridgepoint Education, Inc......................... 960 9,475 * Bright Horizons Family Solutions, Inc.............. 1,552 75,350 Brinker International, Inc......................... 1,128 65,909 Brown Shoe Co., Inc................................ 2,300 65,297 # Brunswick Corp..................................... 3,495 189,709 # Buckle, Inc. (The)................................. 933 47,387 #* Buffalo Wild Wings, Inc............................ 676 120,544 * Build-A-Bear Workshop, Inc......................... 500 10,310 #* Cabela's, Inc...................................... 3,158 173,532 # Cablevision Systems Corp. Class A.................. 7,102 134,370 # Callaway Golf Co................................... 4,913 40,090 * Cambium Learning Group, Inc........................ 900 2,259 Capella Education Co............................... 400 27,196 * Career Education Corp.............................. 3,938 21,974 990 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) #* CarMax, Inc........................................ 4,415 $ 274,171 * Carmike Cinemas, Inc............................... 957 26,480 Carnival Corp...................................... 3,746 164,674 # Carriage Services, Inc............................. 182 3,968 * Carrols Restaurant Group, Inc...................... 100 796 Carter's, Inc...................................... 3,738 304,610 Cato Corp. (The) Class A........................... 2,771 117,490 * Cavco Industries, Inc.............................. 600 44,106 CBS Corp. Class B.................................. 5,410 296,522 #* Central European Media Enterprises, Ltd. Class A... 2,252 5,855 * Charter Communications, Inc. Class A............... 2,741 414,206 # Cheesecake Factory, Inc. (The)..................... 2,000 105,020 Chico's FAS, Inc................................... 9,335 155,708 # Children's Place, Inc. (The)....................... 1,179 70,681 * Chipotle Mexican Grill, Inc........................ 500 354,920 # Choice Hotels International, Inc................... 1,324 76,064 * Christopher & Banks Corp........................... 2,500 13,025 Churchill Downs, Inc............................... 701 66,588 #* Chuy's Holdings, Inc............................... 553 11,818 Cinemark Holdings, Inc............................. 5,535 205,736 * Citi Trends, Inc................................... 400 9,156 Clear Channel Outdoor Holdings, Inc. Class A....... 2,200 19,910 Coach, Inc......................................... 2,299 85,500 Collectors Universe, Inc........................... 299 7,027 Columbia Sportswear Co............................. 2,365 100,512 Comcast Corp. Class A.............................. 53,277 2,831,406 Comcast Corp. Special Class A...................... 8,100 428,490 #* Conn's, Inc........................................ 1,344 21,155 Cooper Tire & Rubber Co............................ 2,530 88,019 Core-Mark Holding Co., Inc......................... 702 46,809 # Cracker Barrel Old Country Store, Inc.............. 836 112,450 * Crocs, Inc......................................... 4,200 44,520 CSS Industries, Inc................................ 242 6,582 CST Brands, Inc.................................... 6,232 268,599 Culp, Inc.......................................... 400 8,036 #* Cumulus Media, Inc. Class A........................ 3,298 11,477 Dana Holding Corp.................................. 12,577 262,482 # Darden Restaurants, Inc............................ 3,808 233,735 #* Deckers Outdoor Corp............................... 1,578 104,227 Delphi Automotive P.L.C............................ 4,578 314,646 #* Delta Apparel, Inc................................. 231 2,137 * Denny's Corp....................................... 3,112 33,859 Destination Maternity Corp......................... 800 12,248 #* Destination XL Group, Inc.......................... 900 4,572 DeVry Education Group, Inc......................... 2,799 118,706 #* Diamond Resorts International, Inc................. 576 16,347 Dick's Sporting Goods, Inc......................... 4,100 211,765 Dillard's, Inc. Class A............................ 2,374 269,686 DineEquity, Inc.................................... 1,400 149,450 * DIRECTV............................................ 4,985 425,121 * Discovery Communications, Inc...................... 5,044 140,627 #* Discovery Communications, Inc. Class A............. 1,700 49,275 * DISH Network Corp. Class A......................... 4,808 338,243 991 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) * Dollar General Corp................................ 10,357 $ 694,540 * Dollar Tree, Inc................................... 4,778 339,716 Domino's Pizza, Inc................................ 2,051 203,152 #* Dorman Products, Inc............................... 1,723 78,793 DR Horton, Inc..................................... 11,461 281,024 #* DreamWorks Animation SKG, Inc. Class A............. 3,248 60,640 * Drew Industries, Inc............................... 1,261 63,403 DSW, Inc. Class A.................................. 2,970 105,613 Dunkin' Brands Group, Inc.......................... 3,763 178,028 # Emerson Radio Corp................................. 900 936 #* Entercom Communications Corp. Class A.............. 1,037 11,998 Entravision Communications Corp. Class A........... 2,862 17,659 # Escalade, Inc...................................... 900 13,716 # Ethan Allen Interiors, Inc......................... 1,336 36,366 * EVINE Live, Inc.................................... 500 3,135 #* EW Scripps Co. (The) Class A....................... 1,807 35,652 Expedia, Inc....................................... 1,882 161,720 * Express, Inc....................................... 3,385 44,276 Family Dollar Stores, Inc.......................... 1,000 76,100 * Famous Dave's Of America, Inc...................... 400 12,108 #* Federal-Mogul Holdings Corp........................ 5,433 73,508 * Fiesta Restaurant Group, Inc....................... 521 30,775 Finish Line, Inc. (The) Class A.................... 4,245 100,182 #* Five Below, Inc.................................... 1,858 61,909 Flexsteel Industries, Inc.......................... 561 16,718 # Foot Locker, Inc................................... 5,251 279,458 Ford Motor Co...................................... 97,323 1,431,621 * Fossil Group, Inc.................................. 3,058 299,072 * Fox Factory Holding Corp........................... 977 14,841 # Fred's, Inc. Class A............................... 874 14,508 #* FTD Cos., Inc...................................... 755 25,859 #* Fuel Systems Solutions, Inc........................ 700 7,518 #* G-III Apparel Group, Ltd........................... 1,013 98,464 * Gaiam, Inc. Class A................................ 700 5,124 # GameStop Corp. Class A............................. 6,970 245,692 * Gaming Partners International Corp................. 100 829 Gannett Co., Inc................................... 7,622 236,358 Gap, Inc. (The).................................... 8,940 368,239 # Garmin, Ltd........................................ 4,900 256,564 * Geeknet, Inc....................................... 50 392 General Motors Co.................................. 9,600 313,152 * Genesco, Inc....................................... 1,502 107,318 Gentex Corp........................................ 2,400 40,056 * Gentherm, Inc...................................... 1,200 44,136 Genuine Parts Co................................... 2,614 242,945 GNC Holdings, Inc. Class A......................... 8,381 371,614 Goodyear Tire & Rubber Co. (The)................... 5,700 138,168 #* Gordmans Stores, Inc............................... 317 1,173 Graham Holdings Co. Class B........................ 400 374,128 * Grand Canyon Education, Inc........................ 1,503 65,861 * Gray Television, Inc............................... 4,013 37,963 Group 1 Automotive, Inc............................ 1,617 129,991 #* Groupon, Inc....................................... 17,800 127,448 992 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Guess?, Inc........................................ 3,862 $ 72,528 H&R Block, Inc..................................... 6,360 218,021 Hanesbrands, Inc................................... 4,273 475,927 Harley-Davidson, Inc............................... 3,281 202,438 Harman International Industries, Inc............... 1,781 230,871 Harte-Hanks, Inc................................... 3,456 25,125 # Hasbro, Inc........................................ 3,314 182,005 Haverty Furniture Cos., Inc........................ 900 21,987 * Helen of Troy, Ltd................................. 1,670 125,617 #* Hibbett Sports, Inc................................ 400 18,816 Home Depot, Inc. (The)............................. 28,579 2,984,219 Hooker Furniture Corp.............................. 300 5,412 HSN, Inc........................................... 3,043 235,650 * Hyatt Hotels Corp. Class A......................... 1,252 70,438 #* Iconix Brand Group, Inc............................ 3,188 105,969 International Game Technology...................... 5,400 91,368 International Speedway Corp. Class A............... 400 11,636 Interpublic Group of Cos., Inc. (The).............. 9,500 189,430 Interval Leisure Group, Inc........................ 1,171 27,027 #* iRobot Corp........................................ 1,368 43,160 * Isle of Capri Casinos, Inc......................... 970 9,933 #* ITT Educational Services, Inc...................... 500 3,635 Jack in the Box, Inc............................... 1,660 140,751 * JAKKS Pacific, Inc................................. 496 2,986 * Jarden Corp........................................ 1,125 54,022 #* JC Penney Co., Inc................................. 9,587 69,697 John Wiley & Sons, Inc. Class A.................... 2,755 170,700 Johnson Controls, Inc.............................. 10,887 505,919 * Journal Communications, Inc. Class A............... 1,300 13,065 * K12, Inc........................................... 764 10,864 * Kate Spade & Co.................................... 2,725 85,919 # KB Home............................................ 3,690 45,977 #* Kirkland's, Inc.................................... 500 11,635 Kohl's Corp........................................ 8,791 524,999 #* Krispy Kreme Doughnuts, Inc........................ 603 11,740 L Brands, Inc...................................... 4,900 414,687 La-Z-Boy, Inc...................................... 2,044 54,554 * Lands' End, Inc.................................... 1,108 38,437 Las Vegas Sands Corp............................... 3,041 165,339 #* LeapFrog Enterprises, Inc.......................... 3,899 9,280 Lear Corp.......................................... 1,813 181,935 # Leggett & Platt, Inc............................... 4,300 183,309 # Lennar Corp. Class A............................... 4,000 179,640 Lennar Corp. Class B............................... 400 14,444 Libbey, Inc........................................ 1,981 64,799 * Liberty Broadband Corp.(530307206)................. 4 198 * Liberty Broadband Corp.(530307305)................. 2,109 93,640 * Liberty Broadband Corp. Class A.................... 806 35,843 * Liberty Global P.L.C. Class A...................... 4,867 227,386 * Liberty Global P.L.C. Series C..................... 11,451 522,051 * Liberty Interactive Corp. Class A.................. 16,010 438,034 * Liberty Media Corp................................. 5,863 200,046 * Liberty Media Corp. Class A........................ 2,899 98,711 993 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) * Liberty Media Corp. Class B........................ 17 $ 674 * Liberty Tax, Inc................................... 531 19,116 * Liberty TripAdvisor Holdings, Inc. Class A......... 2,748 65,787 * Liberty Ventures Series A.......................... 5,091 190,149 #* Life Time Fitness, Inc............................. 1,500 82,005 # Lifetime Brands, Inc............................... 500 7,890 Lions Gate Entertainment Corp...................... 3,350 96,245 Lithia Motors, Inc. Class A........................ 1,697 143,736 * Live Nation Entertainment, Inc..................... 8,415 200,025 * LKQ Corp........................................... 8,810 227,386 * Loral Space & Communications, Inc.................. 620 44,584 Lowe's Cos., Inc................................... 16,224 1,099,338 #* Lululemon Athletica, Inc........................... 1,667 110,422 #* Lumber Liquidators Holdings, Inc................... 594 37,511 * M/I Homes, Inc..................................... 1,948 40,207 Macy's, Inc........................................ 500 31,940 * Madison Square Garden Co. (The) Class A............ 4,827 365,645 Marcus Corp. (The)................................. 300 5,658 Marine Products Corp............................... 700 5,061 #* MarineMax, Inc..................................... 700 17,857 # Marriott International, Inc. Class A............... 7,025 523,362 Marriott Vacations Worldwide Corp.................. 1,442 110,313 #* Martha Stewart Living Omnimedia, Inc. Class A...... 700 3,248 # Mattel, Inc........................................ 7,205 193,814 * McClatchy Co. (The) Class A........................ 2,425 6,087 McDonald's Corp.................................... 13,327 1,231,948 # MDC Holdings, Inc.................................. 3,445 86,125 * Media General, Inc................................. 600 8,580 # Men's Wearhouse, Inc. (The)........................ 4,200 195,174 # Meredith Corp...................................... 1,942 101,101 #* Meritage Homes Corp................................ 2,284 83,160 #* MGM Resorts International.......................... 14,457 281,622 * Michael Kors Holdings, Ltd......................... 4,611 326,413 * Modine Manufacturing Co............................ 2,400 29,256 * Mohawk Industries, Inc............................. 2,867 473,170 # Monro Muffler Brake, Inc........................... 890 50,855 Morningstar, Inc................................... 1,663 110,739 * Motorcar Parts of America, Inc..................... 440 11,493 Movado Group, Inc.................................. 805 19,344 * Murphy USA, Inc.................................... 2,591 180,878 NACCO Industries, Inc. Class A..................... 300 16,515 #* Nathan's Famous, Inc............................... 200 16,088 # National CineMedia, Inc............................ 3,817 54,965 * Nautilus, Inc...................................... 913 13,001 * Netflix, Inc....................................... 600 265,080 * New York & Co., Inc................................ 1,300 2,990 # New York Times Co. (The) Class A................... 6,900 86,871 Newell Rubbermaid, Inc............................. 5,896 217,386 * News Corp. Class A................................. 7,731 115,115 * News Corp. Class B................................. 2,775 40,071 Nexstar Broadcasting Group, Inc. Class A........... 1,469 73,296 NIKE, Inc. Class B................................. 16,931 1,561,885 #* Noodles & Co....................................... 700 17,990 994 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) Nordstrom, Inc..................................... 2,800 $213,360 # Nutrisystem, Inc................................... 967 17,232 * NVR, Inc........................................... 200 250,846 * O'Reilly Automotive, Inc........................... 2,428 454,910 * Office Depot, Inc.................................. 24,090 183,084 # Omnicom Group, Inc................................. 6,223 453,034 * Orbitz Worldwide, Inc.............................. 2,761 25,484 #* Outerwall, Inc..................................... 1,100 68,288 #* Overstock.com, Inc................................. 299 6,692 Oxford Industries, Inc............................. 800 44,752 #* Pacific Sunwear of California, Inc................. 1,600 4,400 #* Panera Bread Co. Class A........................... 563 96,757 Papa John's International, Inc..................... 1,194 75,771 #* Penn National Gaming, Inc.......................... 5,620 84,131 Penske Automotive Group, Inc....................... 3,616 174,834 * Pep Boys-Manny, Moe & Jack (The)................... 2,800 23,604 * Perry Ellis International, Inc..................... 600 14,346 # PetMed Express, Inc................................ 500 7,850 PetSmart, Inc...................................... 1,300 106,216 # Pier 1 Imports, Inc................................ 3,100 52,111 # Polaris Industries, Inc............................ 1,592 230,187 Pool Corp.......................................... 1,100 68,431 * Popeyes Louisiana Kitchen, Inc..................... 875 50,242 * Priceline Group, Inc. (The)........................ 400 403,792 PulteGroup, Inc.................................... 5,586 115,016 PVH Corp........................................... 3,366 371,135 #* Quiksilver, Inc.................................... 6,800 12,716 #* Radio One, Inc. Class D............................ 897 1,686 Ralph Lauren Corp.................................. 1,300 216,957 * Red Lion Hotels Corp............................... 171 1,098 * Red Robin Gourmet Burgers, Inc..................... 656 50,840 # Regal Entertainment Group Class A.................. 6,595 139,550 * Regis Corp......................................... 798 12,569 Remy International, Inc............................ 1,180 25,099 # Rent-A-Center, Inc................................. 2,336 80,078 #* Rentrak Corp....................................... 200 15,386 #* Restoration Hardware Holdings, Inc................. 1,044 91,381 Ross Stores, Inc................................... 4,783 438,649 # Royal Caribbean Cruises, Ltd....................... 3,225 243,649 * Ruby Tuesday, Inc.................................. 2,590 15,592 Ruth's Hospitality Group, Inc...................... 1,400 20,328 # Ryland Group, Inc. (The)........................... 1,600 64,240 # Saga Communications, Inc. Class A.................. 133 5,409 # Salem Communications Corp. Class A................. 400 2,788 * Sally Beauty Holdings, Inc......................... 3,806 118,290 Scholastic Corp.................................... 1,600 58,848 #* Scientific Games Corp. Class A..................... 1,408 16,628 # Scripps Networks Interactive, Inc. Class A......... 3,064 217,820 #* Sears Holdings Corp................................ 3,481 110,835 SeaWorld Entertainment, Inc........................ 1,156 20,242 * Select Comfort Corp................................ 4,528 135,116 Service Corp. International........................ 5,767 130,507 * Shiloh Industries, Inc............................. 200 2,446 995 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Shoe Carnival, Inc................................. 1,293 $ 30,023 #* Shutterfly, Inc.................................... 1,200 52,644 Signet Jewelers, Ltd............................... 1,500 181,665 # Sinclair Broadcast Group, Inc. Class A............. 1,200 29,688 #* Sirius XM Holdings, Inc............................ 36,864 130,867 Six Flags Entertainment Corp....................... 3,240 139,190 * Sizmek, Inc........................................ 1,000 5,960 #* Skechers U.S.A., Inc. Class A...................... 1,833 110,622 * Skullcandy, Inc.................................... 764 7,655 * Skyline Corp....................................... 100 375 Sonic Automotive, Inc. Class A..................... 2,560 63,053 Sonic Corp......................................... 2,800 84,756 # Sotheby's.......................................... 2,320 98,716 Speedway Motorsports, Inc.......................... 339 7,556 Stage Stores, Inc.................................. 1,891 37,820 Standard Motor Products, Inc....................... 1,200 43,752 #* Standard Pacific Corp.............................. 14,872 104,401 * Stanley Furniture Co., Inc......................... 264 781 Staples, Inc....................................... 26,269 447,886 Starbucks Corp..................................... 7,100 621,463 Starwood Hotels & Resorts Worldwide, Inc........... 2,655 191,080 #* Starz.............................................. 4,635 136,825 * Starz Class B...................................... 17 506 Stein Mart, Inc.................................... 1,256 17,283 * Steiner Leisure, Ltd............................... 252 10,992 * Steven Madden, Ltd................................. 3,453 118,576 #* Stoneridge, Inc.................................... 400 5,048 # Strattec Security Corp............................. 130 8,190 * Strayer Education, Inc............................. 203 13,601 # Sturm Ruger & Co., Inc............................. 489 19,756 * Systemax, Inc...................................... 1,900 24,833 Target Corp........................................ 6,900 507,909 #* Taylor Morrison Home Corp. Class A................. 900 15,993 * Tempur Sealy International, Inc.................... 2,382 131,081 * Tenneco, Inc....................................... 1,200 61,704 #* Tesla Motors, Inc.................................. 800 162,880 # Texas Roadhouse, Inc............................... 3,421 114,911 Thor Industries, Inc............................... 2,200 123,970 Tiffany & Co....................................... 3,178 275,342 Time Warner Cable, Inc............................. 3,936 535,808 Time Warner, Inc................................... 31,073 2,421,519 Time, Inc.......................................... 2,795 69,987 TJX Cos., Inc. (The)............................... 16,192 1,067,700 * Toll Brothers, Inc................................. 6,036 208,966 * Tower International, Inc........................... 297 7,030 Town Sports International Holdings, Inc............ 600 3,948 Tractor Supply Co.................................. 3,435 278,819 Trans World Entertainment Corp..................... 1,000 3,470 * TRI Pointe Homes, Inc.............................. 772 11,063 * TripAdvisor, Inc................................... 2,100 140,721 * TRW Automotive Holdings Corp....................... 3,360 346,651 #* Tuesday Morning Corp............................... 1,000 17,700 #* Tumi Holdings, Inc................................. 2,361 53,524 996 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) Tupperware Brands Corp............................. 2,350 $ 158,883 Twenty-First Century Fox, Inc. Class A............. 30,924 1,025,440 Twenty-First Century Fox, Inc. Class B............. 8,700 277,095 * Ulta Salon Cosmetics & Fragrance, Inc.............. 1,400 184,716 #* Under Armour, Inc. Class A......................... 3,100 223,448 * Unifi, Inc......................................... 690 22,239 * Universal Electronics, Inc......................... 755 48,124 #* Urban Outfitters, Inc.............................. 5,318 185,385 * US Auto Parts Network, Inc......................... 600 1,410 Vail Resorts, Inc.................................. 1,775 155,774 #* Vera Bradley, Inc.................................. 856 16,324 VF Corp............................................ 5,856 406,231 Viacom, Inc. Class A............................... 300 19,452 Viacom, Inc. Class B............................... 5,361 345,356 * Vince Holding Corp................................. 529 12,405 * Visteon Corp....................................... 2,540 246,253 #* Vitamin Shoppe, Inc................................ 1,630 68,900 #* VOXX International Corp............................ 518 4,144 Walt Disney Co. (The).............................. 33,214 3,021,145 #* Weight Watchers International, Inc................. 1,686 27,920 # Wendy's Co. (The).................................. 14,715 155,096 #* West Marine, Inc................................... 591 7,092 Weyco Group, Inc................................... 389 10,511 Whirlpool Corp..................................... 3,000 597,240 * William Lyon Homes Class A......................... 500 9,540 Williams-Sonoma, Inc............................... 4,117 322,155 Winmark Corp....................................... 200 16,302 # Winnebago Industries, Inc.......................... 1,598 31,784 # Wolverine World Wide, Inc.......................... 4,319 121,580 Wyndham Worldwide Corp............................. 3,700 310,023 Yum! Brands, Inc................................... 2,287 165,304 * Zagg, Inc.......................................... 2,300 13,869 * Zumiez, Inc........................................ 2,090 77,936 ----------- Total Consumer Discretionary........................... 66,767,591 ----------- Consumer Staples -- (7.1%) # Alico, Inc......................................... 229 10,887 Altria Group, Inc.................................. 64,455 3,422,560 Andersons, Inc. (The).............................. 1,217 54,741 Archer-Daniels-Midland Co.......................... 7,539 351,544 # Avon Products, Inc................................. 10,806 83,638 # B&G Foods, Inc..................................... 1,781 53,145 #* Boston Beer Co., Inc. (The) Class A................ 500 157,260 #* Boulder Brands, Inc................................ 2,449 24,563 Brown-Forman Corp. Class A......................... 508 45,070 Brown-Forman Corp. Class B......................... 2,150 191,071 Bunge, Ltd......................................... 2,000 179,060 # Cal-Maine Foods, Inc............................... 1,200 42,060 Calavo Growers, Inc................................ 440 17,648 # Campbell Soup Co................................... 7,313 334,497 Casey's General Stores, Inc........................ 3,017 275,452 * Central Garden and Pet Co.......................... 300 2,535 * Central Garden and Pet Co. Class A................. 2,233 20,320 997 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) #* Chefs' Warehouse, Inc. (The)....................... 407 $ 8,706 Church & Dwight Co., Inc........................... 2,600 210,392 Clorox Co. (The)................................... 4,663 497,589 # Coca-Cola Bottling Co. Consolidated................ 537 52,379 Coca-Cola Co. (The)................................ 40,030 1,648,035 Coca-Cola Enterprises, Inc......................... 9,228 388,499 Colgate-Palmolive Co............................... 19,889 1,342,905 ConAgra Foods, Inc................................. 7,608 269,551 * Constellation Brands, Inc. Class A................. 3,818 421,698 Costco Wholesale Corp.............................. 8,553 1,222,993 # Coty, Inc. Class A................................. 1,100 20,922 #* Craft Brew Alliance, Inc........................... 500 5,950 #* Crimson Wine Group, Ltd............................ 265 2,385 CVS Health Corp.................................... 27,329 2,682,615 * Darling Ingredients, Inc........................... 4,268 72,471 # Dean Foods Co...................................... 3,636 65,884 * Diamond Foods, Inc................................. 484 11,897 Dr Pepper Snapple Group, Inc....................... 5,097 393,845 Energizer Holdings, Inc............................ 2,528 323,609 Estee Lauder Cos., Inc. (The) Class A.............. 7,028 496,107 # Flowers Foods, Inc................................. 5,580 109,145 Fresh Del Monte Produce, Inc....................... 2,290 77,013 #* Fresh Market, Inc. (The)........................... 1,517 57,813 General Mills, Inc................................. 7,297 382,947 #* Hain Celestial Group, Inc. (The)................... 2,254 118,944 # Herbalife, Ltd..................................... 1,600 48,768 # Hershey Co. (The).................................. 1,673 170,997 Hormel Foods Corp.................................. 3,498 179,168 Ingles Markets, Inc. Class A....................... 687 29,301 # Ingredion, Inc..................................... 1,760 141,926 Inter Parfums, Inc................................. 1,466 36,870 * Inventure Foods, Inc............................... 521 5,299 J&J Snack Foods Corp............................... 800 78,496 JM Smucker Co. (The)............................... 3,894 401,666 John B. Sanfilippo & Son, Inc...................... 84 3,063 Kellogg Co......................................... 3,200 209,856 Keurig Green Mountain, Inc......................... 1,350 165,456 Kimberly-Clark Corp................................ 2,920 315,243 Kraft Foods Group, Inc............................. 13,496 881,829 Kroger Co. (The)................................... 9,750 673,237 Lancaster Colony Corp.............................. 837 75,271 * Landec Corp........................................ 900 11,493 Lorillard, Inc..................................... 3,373 221,303 * Mannatech, Inc..................................... 15 281 # McCormick & Co., Inc............................... 2,976 212,457 Mead Johnson Nutrition Co.......................... 2,563 252,430 #* Medifast, Inc...................................... 500 15,845 Molson Coors Brewing Co. Class B................... 2,751 208,883 Mondelez International, Inc. Class A............... 6,695 235,932 * Monster Beverage Corp.............................. 3,006 351,552 * National Beverage Corp............................. 1,997 43,415 #* Natural Grocers by Vitamin Cottage, Inc............ 43 1,324 # Nu Skin Enterprises, Inc. Class A.................. 600 24,588 998 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) * Nutraceutical International Corp................... 700 $ 13,678 Oil-Dri Corp. of America........................... 202 6,185 # Orchids Paper Products Co.......................... 333 9,081 * Pantry, Inc. (The)................................. 1,851 68,302 PepsiCo, Inc....................................... 22,195 2,081,447 Philip Morris International, Inc................... 21,007 1,685,602 # Pilgrim's Pride Corp............................... 2,466 66,952 Pinnacle Foods, Inc................................ 2,852 102,586 #* Post Holdings, Inc................................. 1,326 62,654 # Pricesmart, Inc.................................... 946 77,364 Procter & Gamble Co. (The)......................... 36,967 3,115,948 * Reliv International, Inc........................... 400 484 #* Revlon, Inc. Class A............................... 1,661 54,381 Reynolds American, Inc............................. 5,600 380,520 * Rite Aid Corp...................................... 18,583 129,709 # Sanderson Farms, Inc............................... 930 74,363 * Seneca Foods Corp. Class A......................... 129 3,339 # Snyder's-Lance, Inc................................ 2,204 64,114 SpartanNash Co..................................... 1,202 30,964 Spectrum Brands Holdings, Inc...................... 2,061 184,830 #* Sprouts Farmers Market, Inc........................ 3,751 136,574 #* SUPERVALU, Inc..................................... 14,226 138,561 # Sysco Corp......................................... 7,783 304,860 # Tootsie Roll Industries, Inc....................... 1,348 42,044 #* TreeHouse Foods, Inc............................... 2,726 247,248 Tyson Foods, Inc. Class A.......................... 6,542 255,400 #* United Natural Foods, Inc.......................... 1,611 124,498 # Universal Corp..................................... 427 17,148 * USANA Health Sciences, Inc......................... 400 39,216 Village Super Market, Inc. Class A................. 400 11,588 Wal-Mart Stores, Inc............................... 24,990 2,123,650 Walgreens Boots Alliance, Inc...................... 4,665 344,044 WD-40 Co........................................... 755 61,955 Weis Markets, Inc.................................. 1,106 50,688 * WhiteWave Foods Co. (The) Class A.................. 6,094 200,919 Whole Foods Market, Inc............................ 8,500 442,807 ---------- Total Consumer Staples................................. 33,899,997 ---------- Energy -- (7.0%) Adams Resources & Energy, Inc...................... 200 11,608 Alon USA Energy, Inc............................... 2,719 32,846 #* Alpha Natural Resources, Inc....................... 11,598 12,062 Anadarko Petroleum Corp............................ 4,032 329,616 Apache Corp........................................ 6,912 432,484 #* Approach Resources, Inc............................ 1,205 7,555 # Arch Coal, Inc..................................... 6,469 5,999 Atwood Oceanics, Inc............................... 3,461 98,915 Baker Hughes, Inc.................................. 8,042 466,356 * Basic Energy Services, Inc......................... 2,566 15,088 #* Bill Barrett Corp.................................. 2,201 22,450 #* Bonanza Creek Energy, Inc.......................... 3,292 85,855 # Bristow Group, Inc................................. 1,857 103,454 #* C&J Energy Services, Inc........................... 2,419 24,916 999 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Energy -- (Continued) Cabot Oil & Gas Corp............................... 14,900 $ 394,850 #* California Resources Corp.......................... 5,068 25,948 * Callon Petroleum Co................................ 1,690 9,211 * Cameron International Corp......................... 4,678 209,481 # CARBO Ceramics, Inc................................ 700 22,946 #* Carrizo Oil & Gas, Inc............................. 3,123 140,847 * Cheniere Energy, Inc............................... 5,099 363,967 # Chesapeake Energy Corp............................. 18,304 351,071 Chevron Corp....................................... 22,141 2,270,117 Cimarex Energy Co.................................. 4,358 449,746 * Clayton Williams Energy, Inc....................... 1,086 60,707 #* Clean Energy Fuels Corp............................ 2,990 12,468 #* Cloud Peak Energy, Inc............................. 4,224 28,681 #* Cobalt International Energy, Inc................... 4,850 44,232 # Comstock Resources, Inc............................ 2,145 8,666 * Concho Resources, Inc.............................. 3,898 432,093 ConocoPhillips..................................... 25,181 1,585,899 # CONSOL Energy, Inc................................. 6,139 177,724 * Contango Oil & Gas Co.............................. 759 22,823 #* Continental Resources, Inc......................... 2,200 99,880 # Core Laboratories NV............................... 800 74,200 # CVR Energy, Inc.................................... 2,410 92,351 Dawson Geophysical Co.............................. 300 3,237 Delek US Holdings, Inc............................. 2,420 74,657 # Denbury Resources, Inc............................. 13,018 89,824 Devon Energy Corp.................................. 6,504 391,996 DHT Holdings, Inc.................................. 612 4,498 # Diamond Offshore Drilling, Inc..................... 5,084 160,299 * Diamondback Energy, Inc............................ 1,500 103,485 * Dresser-Rand Group, Inc............................ 4,077 326,486 * Dril-Quip, Inc..................................... 1,120 83,138 Energen Corp....................................... 1,714 108,702 # Energy XXI, Ltd.................................... 4,455 13,098 * ENGlobal Corp...................................... 600 1,080 EnLink Midstream LLC............................... 2,377 75,208 EOG Resources, Inc................................. 16,200 1,442,286 EQT Corp........................................... 2,610 194,288 * Era Group, Inc..................................... 900 20,268 Evolution Petroleum Corp........................... 400 2,940 Exterran Holdings, Inc............................. 4,988 135,225 Exxon Mobil Corp................................... 80,477 7,035,299 * FMC Technologies, Inc.............................. 3,900 146,172 * Forum Energy Technologies, Inc..................... 2,463 38,053 # GasLog, Ltd........................................ 1,500 26,235 * Gastar Exploration, Inc............................ 2,370 5,546 #* Geospace Technologies Corp......................... 600 14,388 #* Goodrich Petroleum Corp............................ 370 932 Green Plains, Inc.................................. 2,400 56,184 # Gulf Island Fabrication, Inc....................... 600 9,942 # Gulfmark Offshore, Inc. Class A.................... 1,300 25,649 * Gulfport Energy Corp............................... 2,960 113,930 #* Halcon Resources Corp.............................. 1,890 2,646 Halliburton Co..................................... 18,560 742,214 1000 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Energy -- (Continued) * Helix Energy Solutions Group, Inc.................. 7,315 $ 137,303 # Helmerich & Payne, Inc............................. 3,900 232,284 #* Hercules Offshore, Inc............................. 7,529 5,421 Hess Corp.......................................... 4,571 308,497 * HKN, Inc........................................... 8 428 HollyFrontier Corp................................. 6,627 238,042 * Hornbeck Offshore Services, Inc.................... 1,690 37,518 * ION Geophysical Corp............................... 7,078 15,926 * Key Energy Services, Inc........................... 7,886 13,249 Kinder Morgan, Inc................................. 14,142 580,529 * Kosmos Energy, Ltd................................. 7,556 66,266 #* Laredo Petroleum Holdings, Inc..................... 4,774 46,833 # LinnCo LLC......................................... 4,188 43,262 Marathon Oil Corp.................................. 12,543 333,644 Marathon Petroleum Corp............................ 5,787 535,818 #* Matador Resources Co............................... 4,665 100,577 * Matrix Service Co.................................. 1,260 24,192 #* McDermott International, Inc....................... 8,851 19,915 #* Midstates Petroleum Co., Inc....................... 198 255 #* Miller Energy Resources, Inc....................... 372 435 * Mitcham Industries, Inc............................ 226 1,268 Murphy Oil Corp.................................... 6,186 277,813 Nabors Industries, Ltd............................. 14,742 169,680 National Oilwell Varco, Inc........................ 2,702 147,070 * Natural Gas Services Group, Inc.................... 794 16,031 * Newfield Exploration Co............................ 5,029 149,764 #* Newpark Resources, Inc............................. 2,200 19,008 # Noble Corp. P.L.C.................................. 7,796 126,451 Noble Energy, Inc.................................. 4,844 231,253 # Nordic American Tankers, Ltd....................... 60 607 #* Northern Oil and Gas, Inc.......................... 3,085 19,374 #* Nuverra Environmental Solutions, Inc............... 1,135 2,531 #* Oasis Petroleum, Inc............................... 4,851 65,197 Occidental Petroleum Corp.......................... 12,671 1,013,680 Oceaneering International, Inc..................... 3,788 198,340 * Oil States International, Inc...................... 1,578 64,808 ONEOK, Inc......................................... 6,270 276,068 # Panhandle Oil and Gas, Inc. Class A................ 400 8,376 # Paragon Offshore P.L.C............................. 3,894 8,138 * Parker Drilling Co................................. 5,444 14,753 Patterson-UTI Energy, Inc.......................... 6,286 107,868 PBF Energy, Inc. Class A........................... 2,572 72,273 * PDC Energy, Inc.................................... 3,058 140,485 # Peabody Energy Corp................................ 10,464 65,191 #* Penn Virginia Corp................................. 4,203 20,511 * PetroQuest Energy, Inc............................. 3,994 11,702 * PHI, Inc. Non-Voting............................... 505 17,276 Phillips 66........................................ 5,162 362,992 * Pioneer Energy Services Corp....................... 3,078 12,743 Pioneer Natural Resources Co....................... 1,210 182,141 QEP Resources, Inc................................. 11,157 225,595 # Range Resources Corp............................... 2,900 134,183 #* Renewable Energy Group, Inc........................ 1,500 13,110 1001 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Energy -- (Continued) #* Rex Energy Corp.................................... 2,322 $ 8,220 #* RigNet, Inc........................................ 471 16,118 #* Rosetta Resources, Inc............................. 3,400 58,038 Rowan Cos. P.L.C. Class A.......................... 6,187 130,669 RPC, Inc........................................... 6,587 82,140 #* SandRidge Energy, Inc.............................. 25,511 35,971 Schlumberger, Ltd.................................. 25,119 2,069,554 # Scorpio Tankers, Inc............................... 5,699 44,851 #* SEACOR Holdings, Inc............................... 900 64,755 SemGroup Corp. Class A............................. 1,695 114,124 #* Seventy Seven Energy, Inc.......................... 1,999 7,896 # Ship Finance International, Ltd.................... 2,989 41,517 SM Energy Co....................................... 4,278 161,794 #* Southwestern Energy Co............................. 17,154 425,248 # Spectra Energy Corp................................ 10,705 357,975 #* Stone Energy Corp.................................. 2,106 29,653 Superior Energy Services, Inc...................... 7,836 156,720 #* Swift Energy Co.................................... 900 1,917 * Synergy Resources Corp............................. 3,474 42,487 Targa Resources Corp............................... 1,860 161,504 # Teekay Corp........................................ 3,636 153,912 # Tesco Corp......................................... 1,901 19,466 Tesoro Corp........................................ 4,200 343,266 #* TETRA Technologies, Inc............................ 4,303 21,257 * TGC Industries, Inc................................ 694 1,388 # Tidewater, Inc..................................... 3,701 108,291 # Transocean, Ltd.................................... 7,118 116,023 #* Triangle Petroleum Corp............................ 5,212 27,363 #* Ultra Petroleum Corp............................... 5,812 74,103 * Unit Corp.......................................... 2,069 61,615 # US Silica Holdings, Inc............................ 1,455 36,666 * Vaalco Energy, Inc................................. 2,200 12,188 Valero Energy Corp................................. 6,849 362,175 # W&T Offshore, Inc.................................. 3,407 17,239 #* Warren Resources, Inc.............................. 2,562 2,690 * Weatherford International P.L.C.................... 19,285 199,214 Western Refining, Inc.............................. 3,300 122,529 * Westmoreland Coal Co............................... 400 10,432 * Whiting Petroleum Corp............................. 7,358 220,887 * Willbros Group, Inc................................ 3,816 21,293 Williams Cos., Inc. (The).......................... 6,900 302,634 World Fuel Services Corp........................... 4,212 206,262 * WPX Energy, Inc.................................... 6,253 66,657 ----------- Total Energy........................................... 33,410,392 ----------- Financials -- (12.4%) # 1st Source Corp.................................... 1,791 53,246 ACE, Ltd........................................... 4,418 476,967 * Affiliated Managers Group, Inc..................... 1,000 205,520 Aflac, Inc......................................... 10,365 591,634 Alexander & Baldwin, Inc........................... 3,120 119,371 * Alleghany Corp..................................... 358 158,268 Allied World Assurance Co. Holdings AG............. 3,366 130,163 1002 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Allstate Corp. (The)............................... 9,275 $ 647,302 * Altisource Asset Management Corp................... 50 8,000 #* Altisource Portfolio Solutions SA.................. 500 10,140 * Ambac Financial Group, Inc......................... 1,989 48,631 American Equity Investment Life Holding Co......... 5,579 142,320 American Express Co................................ 17,264 1,393,032 American Financial Group, Inc...................... 4,069 236,165 American International Group, Inc.................. 11,775 575,444 # American National Bankshares, Inc.................. 700 15,064 American National Insurance Co..................... 696 72,412 Ameriprise Financial, Inc.......................... 4,306 537,992 Ameris Bancorp..................................... 1,477 35,640 AMERISAFE, Inc..................................... 720 29,304 # Amtrust Financial Services, Inc.................... 4,620 233,864 Aon P.L.C.......................................... 2,773 249,709 * Arch Capital Group, Ltd............................ 4,136 239,764 Argo Group International Holdings, Ltd............. 500 26,745 Arrow Financial Corp............................... 542 13,859 Arthur J Gallagher & Co............................ 2,500 111,075 # Artisan Partners Asset Management, Inc. Class A.... 700 33,789 Aspen Insurance Holdings, Ltd...................... 4,032 174,666 Associated Banc-Corp............................... 4,527 76,099 Assurant, Inc...................................... 4,175 265,154 Assured Guaranty, Ltd.............................. 5,869 143,321 * Asta Funding, Inc.................................. 300 2,547 Astoria Financial Corp............................. 9,636 117,848 #* Atlantic Coast Financial Corp...................... 39 151 * Atlanticus Holdings Corp........................... 202 517 #* AV Homes, Inc...................................... 93 1,394 Axis Capital Holdings, Ltd......................... 2,610 132,849 Baldwin & Lyons, Inc. Class B...................... 722 16,678 # Banc of California, Inc............................ 350 3,588 Bancfirst Corp..................................... 1,014 58,467 #* Bancorp, Inc. (The)................................ 911 7,762 # BancorpSouth, Inc.................................. 3,266 64,830 Bank Mutual Corp................................... 1,600 10,192 Bank of America Corp............................... 187,371 2,838,671 # Bank of Hawaii Corp................................ 2,511 141,771 Bank of New York Mellon Corp. (The)................ 20,120 724,320 # Bank of the Ozarks, Inc............................ 2,552 82,761 # BankFinancial Corp................................. 1,550 17,531 BankUnited, Inc.................................... 5,430 150,194 Banner Corp........................................ 1,576 63,639 BB&T Corp.......................................... 8,430 297,495 BBCN Bancorp, Inc.................................. 2,952 38,228 #* BBX Capital Corp. Class A.......................... 166 2,347 #* Beneficial Bancorp, Inc............................ 5,426 58,547 * Berkshire Hathaway, Inc. Class B................... 27,157 3,908,164 Berkshire Hills Bancorp, Inc....................... 517 12,873 BGC Partners, Inc. Class A......................... 20,782 162,723 BlackRock, Inc..................................... 1,320 449,473 #* BofI Holding, Inc.................................. 840 70,862 # BOK Financial Corp................................. 2,315 125,265 1003 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) # Boston Private Financial Holdings, Inc............. 4,118 $ 45,298 # Bridge Bancorp, Inc................................ 400 9,872 * Bridge Capital Holdings............................ 516 11,275 Brookline Bancorp, Inc............................. 2,477 23,779 Brown & Brown, Inc................................. 5,700 175,845 Bryn Mawr Bank Corp................................ 239 6,967 Calamos Asset Management, Inc. Class A............. 500 6,275 # Camden National Corp............................... 600 22,296 * Capital Bank Financial Corp. Class A............... 417 10,183 # Capital City Bank Group, Inc....................... 916 13,740 Capital One Financial Corp......................... 11,344 830,494 # Capitol Federal Financial, Inc..................... 6,923 86,261 Cardinal Financial Corp............................ 1,000 17,810 * Cascade Bancorp.................................... 486 2,245 # Cash America International, Inc.................... 1,720 35,776 Cathay General Bancorp............................. 6,626 158,295 CBOE Holdings, Inc................................. 3,765 242,730 * CBRE Group, Inc. Class A........................... 7,174 232,007 Centerstate Banks, Inc............................. 1,800 19,818 # Central Pacific Financial Corp..................... 2,619 54,947 Charles Schwab Corp. (The)......................... 9,809 254,838 Chemical Financial Corp............................ 1,550 43,958 Chubb Corp. (The).................................. 3,820 373,978 # Cincinnati Financial Corp.......................... 3,812 192,544 CIT Group, Inc..................................... 6,226 272,823 Citigroup, Inc..................................... 43,482 2,041,480 #* Citizens, Inc...................................... 4,745 34,259 # City Holding Co.................................... 600 25,398 City National Corp................................. 1,400 121,366 # Clifton Bancorp, Inc............................... 1,150 15,249 CME Group, Inc..................................... 5,163 440,404 CNA Financial Corp................................. 1,100 42,856 CNB Financial Corp................................. 900 15,300 CNO Financial Group, Inc........................... 7,390 114,693 CoBiz Financial, Inc............................... 3,019 32,907 Cohen & Steers, Inc................................ 402 16,916 Columbia Banking System, Inc....................... 3,277 83,334 Comerica, Inc...................................... 4,124 171,146 # Commerce Bancshares, Inc........................... 4,950 198,000 # Community Bank System, Inc......................... 2,269 76,306 # Community Trust Bancorp, Inc....................... 1,270 40,107 ConnectOne Bancorp, Inc............................ 936 17,222 * Consumer Portfolio Services, Inc................... 1,400 7,840 * Cowen Group, Inc. Class A.......................... 828 3,444 Crawford & Co. Class A............................. 1,114 8,634 # Crawford & Co. Class B............................. 686 6,414 #* Credit Acceptance Corp............................. 820 129,265 Cullen/Frost Bankers, Inc.......................... 1,841 114,694 * Customers Bancorp, Inc............................. 1,416 27,824 # CVB Financial Corp................................. 3,700 54,057 Diamond Hill Investment Group, Inc................. 200 26,012 Dime Community Bancshares, Inc..................... 1,300 19,188 Discover Financial Services........................ 7,320 398,062 1004 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Donegal Group, Inc. Class A........................ 642 $ 10,266 * E*TRADE Financial Corp............................. 4,100 94,505 East West Bancorp, Inc............................. 7,339 265,525 # Eaton Vance Corp................................... 3,443 138,581 #* eHealth, Inc....................................... 500 5,120 EMC Insurance Group, Inc........................... 430 13,872 Employers Holdings, Inc............................ 2,338 48,630 #* Encore Capital Group, Inc.......................... 1,364 50,768 Endurance Specialty Holdings, Ltd.................. 2,732 166,980 * Enova International, Inc........................... 1,573 30,280 * Enstar Group, Ltd.................................. 961 129,706 Enterprise Financial Services Corp................. 1,030 19,683 Erie Indemnity Co. Class A......................... 2,348 203,478 ESSA Bancorp, Inc.................................. 400 4,860 Evercore Partners, Inc. Class A.................... 2,588 123,888 Everest Re Group, Ltd.............................. 1,300 222,794 #* Ezcorp, Inc. Class A............................... 1,903 19,620 FBL Financial Group, Inc. Class A.................. 800 41,752 Federal Agricultural Mortgage Corp. Class C........ 301 8,293 # Federated Investors, Inc. Class B.................. 6,011 190,008 Federated National Holding Co...................... 700 20,377 Fidelity Southern Corp............................. 100 1,529 Fifth Third Bancorp................................ 20,318 351,501 # Financial Engines, Inc............................. 825 29,618 Financial Institutions, Inc........................ 804 17,712 * First Acceptance Corp.............................. 1,000 2,330 # First American Financial Corp...................... 6,235 212,115 First Bancorp, Inc................................. 700 11,606 * First BanCorp.(318672706).......................... 12,907 70,859 First Bancorp.(318910106).......................... 600 9,960 First Busey Corp................................... 5,127 31,582 * First Cash Financial Services, Inc................. 757 37,638 First Citizens BancShares, Inc. Class A............ 218 53,203 # First Commonwealth Financial Corp.................. 6,741 53,186 First Community Bancshares, Inc.................... 500 7,845 First Connecticut Bancorp Inc/Farmington........... 730 10,768 First Defiance Financial Corp...................... 522 15,900 First Financial Bancorp............................ 3,807 62,892 # First Financial Bankshares, Inc.................... 1,900 46,930 First Financial Corp............................... 422 13,677 First Financial Northwest, Inc..................... 400 4,796 # First Horizon National Corp........................ 4,040 52,480 First Interstate Bancsystem, Inc................... 1,486 35,515 First Merchants Corp............................... 1,066 23,281 First Midwest Bancorp, Inc......................... 4,617 71,102 * First NBC Bank Holding Co.......................... 406 12,570 # First Niagara Financial Group, Inc................. 11,747 95,386 o* First Place Financial Corp......................... 400 -- First Republic Bank................................ 4,299 218,905 First South Bancorp, Inc........................... 200 1,590 FirstMerit Corp.................................... 4,644 76,092 * Flagstar Bancorp, Inc.............................. 1,727 24,541 Flushing Financial Corp............................ 1,640 29,684 1005 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) FNB Corp........................................... 10,547 $ 126,564 FNF Group.......................................... 6,386 224,149 * FNFV Group......................................... 2,128 26,387 * Forest City Enterprises, Inc. Class A.............. 3,841 94,105 * Forestar Group, Inc................................ 2,548 33,812 # Fox Chase Bancorp, Inc............................. 147 2,387 Franklin Resources, Inc............................ 3,900 200,967 Fulton Financial Corp.............................. 17,898 199,563 # FXCM, Inc. Class A................................. 2,050 4,510 GAMCO Investors, Inc. Class A...................... 247 20,168 * Genworth Financial, Inc. Class A................... 11,326 79,055 German American Bancorp, Inc....................... 254 7,112 GFI Group, Inc..................................... 2,588 14,519 Glacier Bancorp, Inc............................... 2,610 58,125 * Global Indemnity P.L.C............................. 450 11,808 Goldman Sachs Group, Inc. (The).................... 7,931 1,367,384 Great Southern Bancorp, Inc........................ 300 10,836 * Green Dot Corp. Class A............................ 1,267 19,322 # Greenhill & Co., Inc............................... 379 13,978 * Greenlight Capital Re, Ltd. Class A................ 1,412 44,351 # Guaranty Bancorp................................... 1,220 16,324 * Hallmark Financial Services, Inc................... 500 5,520 Hampden Bancorp, Inc............................... 100 2,009 Hancock Holding Co................................. 4,643 121,229 Hanmi Financial Corp............................... 2,088 41,468 Hanover Insurance Group, Inc. (The)................ 3,142 216,798 Hartford Financial Services Group, Inc. (The)...... 16,605 645,934 HCC Insurance Holdings, Inc........................ 3,826 204,079 # HCI Group, Inc..................................... 700 32,347 Heartland Financial USA, Inc....................... 435 12,015 Heritage Commerce Corp............................. 441 3,687 Heritage Financial Corp............................ 991 15,380 Heritage Financial Group, Inc...................... 167 4,003 HFF, Inc. Class A.................................. 1,233 41,885 * Hilltop Holdings, Inc.............................. 4,679 84,924 Home Bancorp, Inc.................................. 196 4,288 Home BancShares, Inc............................... 2,076 61,491 # HomeStreet, Inc.................................... 1,000 17,660 * HomeTrust Bancshares, Inc.......................... 696 10,753 Horace Mann Educators Corp......................... 2,326 70,873 Horizon Bancorp.................................... 357 7,990 * Howard Hughes Corp. (The).......................... 210 27,432 Hudson Valley Holding Corp......................... 261 6,439 Huntington Bancshares, Inc......................... 9,647 96,663 Iberiabank Corp.................................... 2,116 115,555 # Independence Holding Co............................ 330 4,194 Independent Bank Corp.............................. 1,595 60,339 # Independent Bank Group, Inc........................ 400 12,484 Interactive Brokers Group, Inc. Class A............ 6,202 189,967 Intercontinental Exchange, Inc..................... 1,056 217,251 International Bancshares Corp...................... 3,031 68,228 #* INTL. FCStone, Inc................................. 459 8,850 Invesco, Ltd....................................... 11,286 414,535 1006 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) * Investment Technology Group, Inc................... 2,476 $ 51,377 # Investors Bancorp, Inc............................. 12,688 139,695 # Janus Capital Group, Inc........................... 7,729 135,567 JMP Group, Inc..................................... 400 3,052 Jones Lang LaSalle, Inc............................ 1,600 235,328 JPMorgan Chase & Co................................ 45,274 2,462,000 * KCG Holdings, Inc. Class A......................... 1,260 15,410 #* Kearny Financial Corp.............................. 900 11,700 Kemper Corp........................................ 3,889 135,765 Kennedy-Wilson Holdings, Inc....................... 2,041 54,270 KeyCorp............................................ 10,898 141,565 #* Ladenburg Thalmann Financial Services, Inc......... 5,729 21,827 Lakeland Bancorp, Inc.............................. 2,629 28,367 Lakeland Financial Corp............................ 500 18,870 LegacyTexas Financial Group, Inc................... 1,477 29,274 Legg Mason, Inc.................................... 5,427 300,873 * LendingTree, Inc................................... 572 23,555 Leucadia National Corp............................. 8,251 187,050 Lincoln National Corp.............................. 2,781 138,994 Loews Corp......................................... 8,600 329,036 LPL Financial Holdings, Inc........................ 6,742 277,433 # Maiden Holdings, Ltd............................... 3,156 39,450 MainSource Financial Group, Inc.................... 700 13,440 * Markel Corp........................................ 358 244,643 MarketAxess Holdings, Inc.......................... 1,300 98,761 Marlin Business Services Corp...................... 342 5,489 Marsh & McLennan Cos., Inc......................... 6,734 362,087 * Maui Land & Pineapple Co., Inc..................... 300 1,893 # MB Financial, Inc.................................. 3,702 105,174 * MBIA, Inc.......................................... 13,004 104,292 * MBT Financial Corp................................. 319 1,636 McGraw Hill Financial, Inc......................... 4,514 403,732 Meadowbrook Insurance Group, Inc................... 1,600 13,280 Merchants Bancshares, Inc.......................... 500 13,385 Mercury General Corp............................... 2,001 114,357 * Meridian Bancorp, Inc.............................. 2,883 33,472 Meta Financial Group, Inc.......................... 446 14,928 MetLife, Inc....................................... 16,039 745,813 * Metro Bancorp, Inc................................. 660 16,804 #* MGIC Investment Corp............................... 3,341 28,465 MidWestOne Financial Group, Inc.................... 502 14,066 # Montpelier Re Holdings, Ltd........................ 1,800 63,234 Moody's Corp....................................... 2,097 191,519 Morgan Stanley..................................... 18,233 616,458 MSCI, Inc.......................................... 3,734 200,964 NASDAQ OMX Group, Inc. (The)....................... 7,871 358,918 National Bank Holdings Corp. Class A............... 1,816 33,505 # National Interstate Corp........................... 1,000 25,770 National Penn Bancshares, Inc...................... 7,014 68,036 #* Nationstar Mortgage Holdings, Inc.................. 302 7,764 Navient Corp....................................... 8,145 160,782 * Navigators Group, Inc. (The)....................... 533 39,559 # NBT Bancorp, Inc................................... 1,617 37,207 1007 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Nelnet, Inc. Class A............................... 1,986 $ 86,868 # New York Community Bancorp, Inc.................... 13,735 212,206 * NewBridge Bancorp.................................. 1,579 12,379 #* NewStar Financial, Inc............................. 1,500 15,855 Northeast Community Bancorp, Inc................... 300 2,082 Northern Trust Corp................................ 6,152 402,218 Northfield Bancorp, Inc............................ 2,004 28,858 NorthStar Asset Management Group, Inc.............. 1,289 27,288 Northwest Bancshares, Inc.......................... 5,026 59,307 OceanFirst Financial Corp.......................... 597 9,671 #* Ocwen Financial Corp............................... 2,649 16,212 # OFG Bancorp........................................ 2,401 38,656 Old National Bancorp............................... 5,913 79,293 Old Republic International Corp.................... 10,863 152,517 * Old Second Bancorp, Inc............................ 300 1,632 OneBeacon Insurance Group, Ltd. Class A............ 822 12,996 Oppenheimer Holdings, Inc. Class A................. 450 8,888 Oritani Financial Corp............................. 2,070 29,208 Pacific Continental Corp........................... 400 5,056 * Pacific Premier Bancorp, Inc....................... 448 6,657 # PacWest Bancorp.................................... 6,053 258,796 # Park National Corp................................. 600 48,246 Park Sterling Corp................................. 2,739 18,351 PartnerRe, Ltd..................................... 3,305 378,092 Peapack Gladstone Financial Corp................... 569 10,145 Penns Woods Bancorp, Inc........................... 200 8,882 * PennyMac Financial Services, Inc. Class A.......... 728 13,119 # People's United Financial, Inc..................... 15,038 211,585 # Peoples Bancorp, Inc............................... 511 11,676 * PHH Corp........................................... 2,035 50,753 * Phoenix Cos., Inc. (The)........................... 130 8,064 * PICO Holdings, Inc................................. 1,541 24,641 Pinnacle Financial Partners, Inc................... 1,087 39,067 * Piper Jaffray Cos.................................. 400 20,420 Platinum Underwriters Holdings, Ltd................ 1,322 97,603 PNC Financial Services Group, Inc. (The)........... 1,391 117,595 * Popular, Inc....................................... 3,757 115,828 #* PRA Group, Inc..................................... 3,606 178,569 Preferred Bank..................................... 500 13,055 Primerica, Inc..................................... 3,000 148,920 Principal Financial Group, Inc..................... 11,726 550,301 PrivateBancorp, Inc................................ 2,885 87,531 ProAssurance Corp.................................. 3,077 136,526 Progressive Corp. (The)............................ 13,940 361,743 Prosperity Bancshares, Inc......................... 2,518 115,299 Protective Life Corp............................... 3,479 243,356 Provident Financial Services, Inc.................. 2,760 47,914 Prudential Financial, Inc.......................... 5,371 407,551 # Radian Group, Inc.................................. 1,600 25,216 Raymond James Financial, Inc....................... 4,836 254,470 # RCS Capital Corp. Class A.......................... 441 4,159 #* Regional Management Corp........................... 298 4,330 Regions Financial Corp............................. 36,934 321,326 1008 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Reinsurance Group of America, Inc.................. 2,598 $ 215,140 # RenaissanceRe Holdings, Ltd........................ 2,067 197,667 Renasant Corp...................................... 2,494 65,243 Republic Bancorp, Inc. Class A..................... 726 16,546 #* Republic First Bancorp, Inc........................ 200 686 # Resource America, Inc. Class A..................... 551 4,843 * Riverview Bancorp, Inc............................. 100 440 # RLI Corp........................................... 3,161 148,283 S&T Bancorp, Inc................................... 1,431 39,338 #* Safeguard Scientifics, Inc......................... 1,249 22,894 Safety Insurance Group, Inc........................ 1,779 110,209 Sandy Spring Bancorp, Inc.......................... 1,803 44,588 * Seacoast Banking Corp. of Florida.................. 562 7,115 SEI Investments Co................................. 6,267 251,745 Selective Insurance Group, Inc..................... 3,934 101,576 # Sierra Bancorp..................................... 700 11,088 * Signature Bank..................................... 3,100 363,103 Simmons First National Corp. Class A............... 700 26,194 Simplicity Bancorp, Inc............................ 100 1,759 SLM Corp........................................... 26,843 244,540 South State Corp................................... 1,202 71,771 Southside Bancshares, Inc.......................... 924 25,225 Southwest Bancorp, Inc............................. 800 12,208 #* St Joe Co. (The)................................... 1,702 27,504 StanCorp Financial Group, Inc...................... 2,281 141,513 State Auto Financial Corp.......................... 800 17,600 State Street Corp.................................. 4,476 320,079 Sterling Bancorp................................... 3,636 47,922 Stewart Information Services Corp.................. 1,200 42,960 * Stifel Financial Corp.............................. 3,994 188,317 Stock Yards Bancorp, Inc........................... 564 17,371 Suffolk Bancorp.................................... 720 16,560 #* Sun Bancorp, Inc................................... 1,615 29,555 SunTrust Banks, Inc................................ 10,828 416,012 Susquehanna Bancshares, Inc........................ 7,653 96,504 * SVB Financial Group................................ 4,000 451,600 Symetra Financial Corp............................. 5,946 120,763 Synovus Financial Corp............................. 5,655 145,729 T Rowe Price Group, Inc............................ 5,391 424,380 TCF Financial Corp................................. 8,835 129,875 TD Ameritrade Holding Corp......................... 10,503 340,192 * Tejon Ranch Co..................................... 400 9,848 # Territorial Bancorp, Inc........................... 368 8,000 * Texas Capital Bancshares, Inc...................... 2,314 94,527 TFS Financial Corp................................. 7,009 98,266 # Tompkins Financial Corp............................ 920 47,168 Torchmark Corp..................................... 3,406 170,538 Towne Bank......................................... 686 9,954 Travelers Cos., Inc. (The)......................... 6,510 669,358 Trico Bancshares................................... 1,567 36,589 # TrustCo Bank Corp.................................. 5,660 36,394 # Trustmark Corp..................................... 4,337 92,638 U.S. Bancorp....................................... 26,425 1,107,472 1009 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Financials -- (Continued) UMB Financial Corp................................. 1,489 $ 72,246 # Umpqua Holdings Corp............................... 12,150 188,447 Union Bankshares Corp.............................. 2,418 48,360 # United Bankshares, Inc............................. 2,181 73,740 United Community Banks, Inc........................ 2,088 36,561 # United Community Financial Corp.................... 2,049 11,065 United Financial Bancorp, Inc...................... 2,613 32,506 United Fire Group, Inc............................. 930 25,984 Universal Insurance Holdings, Inc.................. 3,017 70,085 Univest Corp. of Pennsylvania...................... 628 11,631 Unum Group......................................... 8,400 260,904 Validus Holdings, Ltd.............................. 4,129 163,715 # Valley National Bancorp............................ 7,574 68,772 Virtus Investment Partners, Inc.................... 305 41,367 Voya Financial, Inc................................ 2,590 101,036 Waddell & Reed Financial, Inc. Class A............. 3,650 163,192 * Walker & Dunlop, Inc............................... 1,284 22,791 Washington Federal, Inc............................ 5,065 100,591 Washington Trust Bancorp, Inc...................... 760 27,831 # Waterstone Financial, Inc.......................... 768 9,738 Webster Financial Corp............................. 6,619 202,078 Wells Fargo & Co................................... 40,325 2,093,674 WesBanco, Inc...................................... 1,859 56,105 West Bancorporation, Inc........................... 300 4,908 # Westamerica Bancorporation......................... 618 25,140 * Western Alliance Bancorp........................... 3,504 90,088 Westfield Financial, Inc........................... 900 6,480 # Westwood Holdings Group, Inc....................... 96 5,663 Willis Group Holdings P.L.C........................ 3,058 132,411 # Wilshire Bancorp, Inc.............................. 3,891 35,408 Wintrust Financial Corp............................ 3,282 142,669 #* World Acceptance Corp.............................. 400 29,380 # WR Berkley Corp.................................... 2,502 122,573 WSFS Financial Corp................................ 458 33,828 XL Group P.L.C..................................... 5,566 191,971 * Yadkin Financial Corp.............................. 791 15,076 Zions Bancorporation............................... 7,495 179,580 ----------- Total Financials....................................... 59,636,103 ----------- Health Care -- (11.2%) # Abaxis, Inc........................................ 400 24,592 Abbott Laboratories................................ 11,400 510,264 AbbVie, Inc........................................ 21,341 1,287,929 #* Acadia Healthcare Co., Inc......................... 1,956 112,959 #* ACADIA Pharmaceuticals, Inc........................ 590 17,954 #* Accuray, Inc....................................... 2,534 18,676 * Acorda Therapeutics, Inc........................... 1,202 49,943 #* Actavis P.L.C...................................... 3,709 988,597 * Addus HomeCare Corp................................ 1,000 22,180 Aetna, Inc......................................... 8,334 765,228 #* Affymetrix, Inc.................................... 1,997 22,047 Agilent Technologies, Inc.......................... 4,764 179,936 #* Agios Pharmaceuticals, Inc......................... 555 64,336 1010 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) #* Air Methods Corp................................... 3,450 $ 143,348 #* Akorn, Inc......................................... 4,620 196,720 #* Albany Molecular Research, Inc..................... 956 15,611 * Alere, Inc......................................... 4,703 191,365 * Alexion Pharmaceuticals, Inc....................... 1,200 219,888 #* Align Technology, Inc.............................. 1,878 99,628 #* Alkermes P.L.C..................................... 1,483 107,147 Allergan, Inc...................................... 4,600 1,008,596 * Alliance HealthCare Services, Inc.................. 600 13,524 #* Allscripts Healthcare Solutions, Inc............... 10,304 122,721 #* Almost Family, Inc................................. 816 24,774 #* Alnylam Pharmaceuticals, Inc....................... 926 86,887 #* Alphatec Holdings, Inc............................. 583 746 #* AMAG Pharmaceuticals, Inc.......................... 80 3,535 #* Amedisys, Inc...................................... 1,824 51,400 AmerisourceBergen Corp............................. 5,728 544,446 Amgen, Inc......................................... 8,174 1,244,573 * AMN Healthcare Services, Inc....................... 3,611 67,959 * Amsurg Corp........................................ 4,668 257,580 #* Anacor Pharmaceuticals, Inc........................ 600 22,560 Analogic Corp...................................... 500 40,765 * AngioDynamics, Inc................................. 1,892 36,412 * Anika Therapeutics, Inc............................ 895 35,066 Anthem, Inc........................................ 6,525 880,614 #* athenahealth, Inc.................................. 965 134,820 Atrion Corp........................................ 122 40,870 Baxter International, Inc.......................... 8,000 562,480 Becton Dickinson and Co............................ 3,000 414,240 * Bio-Rad Laboratories, Inc. Class A................. 1,210 138,509 * Bio-Reference Laboratories, Inc.................... 1,000 33,530 Bio-Techne Corp.................................... 1,100 102,322 * Biogen Idec, Inc................................... 5,573 2,168,789 * BioMarin Pharmaceutical, Inc....................... 900 87,444 #* BioScrip, Inc...................................... 3,131 18,003 * BioTelemetry, Inc.................................. 640 6,323 * Bluebird Bio, Inc.................................. 400 37,164 * Bovie Medical Corp................................. 300 1,050 Bristol-Myers Squibb Co............................ 18,231 1,098,782 * Brookdale Senior Living, Inc....................... 5,722 193,118 #* Bruker Corp........................................ 4,940 93,168 * Cambrex Corp....................................... 713 15,993 Cantel Medical Corp................................ 1,605 65,115 #* Capital Senior Living Corp......................... 1,099 26,233 Cardinal Health, Inc............................... 5,300 440,907 * CareFusion Corp.................................... 7,097 420,852 * Celgene Corp....................................... 16,184 1,928,485 * Centene Corp....................................... 1,900 207,404 * Cerner Corp........................................ 2,622 173,970 * Charles River Laboratories International, Inc...... 2,467 171,086 # Chemed Corp........................................ 700 70,798 Cigna Corp......................................... 5,598 598,034 * Community Health Systems, Inc...................... 11,616 546,765 # Computer Programs & Systems, Inc................... 373 18,374 1011 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) # CONMED Corp........................................ 1,261 $ 60,074 # Cooper Cos., Inc. (The)............................ 904 142,516 * Corvel Corp........................................ 1,094 36,036 * Covance, Inc....................................... 1,146 121,717 CR Bard, Inc....................................... 1,954 334,193 * Cross Country Healthcare, Inc...................... 700 7,161 CryoLife, Inc...................................... 900 10,134 * Cumberland Pharmaceuticals, Inc.................... 290 1,685 * Cutera, Inc........................................ 527 7,009 #* Cyberonics, Inc.................................... 1,500 83,355 #* Cynosure, Inc. Class A............................. 1,426 43,094 * DaVita HealthCare Partners, Inc.................... 7,804 585,768 DENTSPLY International, Inc........................ 4,141 207,154 * Depomed, Inc....................................... 1,202 21,961 * Edwards Lifesciences Corp.......................... 4,034 505,662 Eli Lilly & Co..................................... 10,835 780,120 * Emergent Biosolutions, Inc......................... 2,807 78,680 * Endo International P.L.C........................... 3,710 295,383 Ensign Group, Inc. (The)........................... 1,438 59,677 * Envision Healthcare Holdings, Inc.................. 3,100 106,578 * Enzo Biochem, Inc.................................. 646 2,035 * Exactech, Inc...................................... 500 10,395 #* ExamWorks Group, Inc............................... 1,045 38,623 * Express Scripts Holding Co......................... 11,782 950,925 * Five Star Quality Care, Inc........................ 1,814 6,313 * Genesis Healthcare, Inc............................ 700 5,810 * Gentiva Health Services, Inc....................... 1,425 27,674 * Gilead Sciences, Inc............................... 29,928 3,137,352 * Globus Medical, Inc. Class A....................... 5,401 127,356 * Greatbatch, Inc.................................... 1,602 77,793 * Haemonetics Corp................................... 2,427 96,109 * Halyard Health, Inc................................ 365 16,268 * Hanger, Inc........................................ 1,400 30,212 #* Harvard Apparatus Regenerative Technology, Inc..... 150 488 * Harvard Bioscience, Inc............................ 600 3,126 * HCA Holdings, Inc.................................. 4,374 309,679 * Health Net, Inc.................................... 3,580 193,929 HealthSouth Corp................................... 4,238 186,896 * HealthStream, Inc.................................. 600 16,956 * Healthways, Inc.................................... 2,091 43,116 * Henry Schein, Inc.................................. 1,951 269,375 Hill-Rom Holdings, Inc............................. 2,079 99,293 #* HMS Holdings Corp.................................. 3,315 65,587 * Hologic, Inc....................................... 4,069 123,555 * Hospira, Inc....................................... 3,140 199,170 Humana, Inc........................................ 5,109 748,162 * ICU Medical, Inc................................... 660 55,163 #* IDEXX Laboratories, Inc............................ 1,655 262,185 * Illumina, Inc...................................... 1,676 327,138 #* Impax Laboratories, Inc............................ 2,328 85,368 #* Incyte Corp........................................ 4,210 335,579 * Infinity Pharmaceuticals, Inc...................... 498 7,689 * Integra LifeSciences Holdings Corp................. 1,564 87,146 1012 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) * Intuitive Surgical, Inc............................ 500 $ 247,240 Invacare Corp...................................... 890 13,039 #* IPC Healthcare, Inc................................ 573 23,126 #* Isis Pharmaceuticals, Inc.......................... 1,958 134,143 #* Jazz Pharmaceuticals P.L.C......................... 400 67,736 Johnson & Johnson.................................. 40,355 4,041,150 Kindred Healthcare, Inc............................ 4,204 77,606 * Laboratory Corp. of America Holdings............... 3,978 456,595 # Landauer, Inc...................................... 260 7,272 #* Lannett Co., Inc................................... 1,059 50,228 LeMaitre Vascular, Inc............................. 500 3,955 #* LHC Group, Inc..................................... 1,389 41,281 * LifePoint Hospitals, Inc........................... 2,976 194,154 #* Ligand Pharmaceuticals, Inc. Class B............... 900 51,228 * Luminex Corp....................................... 897 15,832 * Magellan Health, Inc............................... 1,796 107,976 #* Mallinckrodt P.L.C................................. 2,864 303,555 * Masimo Corp........................................ 2,577 65,765 McKesson Corp...................................... 3,933 836,352 * MedAssets, Inc..................................... 3,169 58,658 o* MedCath Corp....................................... 117 -- * Medicines Co. (The)................................ 1,638 46,961 * Medivation, Inc.................................... 2,028 220,687 * MEDNAX, Inc........................................ 4,405 299,055 # Medtronic P.L.C.................................... 23,685 1,691,138 Merck & Co., Inc................................... 20,500 1,235,740 * Merge Healthcare, Inc.............................. 3,378 12,499 # Meridian Bioscience, Inc........................... 1,499 25,933 * Merit Medical Systems, Inc......................... 2,468 37,834 * Mettler-Toledo International, Inc.................. 700 212,765 * Molina Healthcare, Inc............................. 2,336 118,926 #* Momenta Pharmaceuticals, Inc....................... 1,446 15,573 * MWI Veterinary Supply, Inc......................... 430 81,558 #* Mylan, Inc......................................... 5,719 303,965 #* Myriad Genetics, Inc............................... 4,299 160,869 National Healthcare Corp........................... 500 31,485 National Research Corp. Class A.................... 799 11,066 #* Natus Medical, Inc................................. 1,182 44,443 * NuVasive, Inc...................................... 1,987 92,038 Omnicare, Inc...................................... 2,800 209,944 * Omnicell, Inc...................................... 1,529 48,668 #* Opko Health, Inc................................... 6,200 75,206 * OraSure Technologies, Inc.......................... 2,225 20,448 * Orthofix International NV.......................... 1,149 35,045 # Owens & Minor, Inc................................. 3,014 103,169 #* Pacira Pharmaceuticals, Inc........................ 700 75,145 * Pain Therapeutics, Inc............................. 2,500 4,925 #* PAREXEL International Corp......................... 3,194 194,706 # Patterson Cos., Inc................................ 3,919 196,303 #* PDI, Inc........................................... 200 312 # PDL BioPharma, Inc................................. 4,450 32,441 PerkinElmer, Inc................................... 3,568 163,093 Perrigo Co. P.L.C.................................. 1,193 181,026 1013 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) Pfizer, Inc........................................ 38,289 $1,196,531 #* Pharmacyclics, Inc................................. 700 118,125 * PharMerica Corp.................................... 1,213 27,911 #* PhotoMedex, Inc.................................... 6 11 * Pozen, Inc......................................... 739 5,106 * Prestige Brands Holdings, Inc...................... 3,700 126,762 * Progenics Pharmaceuticals, Inc..................... 924 5,526 * Providence Service Corp. (The)..................... 747 29,133 # Quality Systems, Inc............................... 1,799 29,306 # Quest Diagnostics, Inc............................. 5,440 386,621 #* Quidel Corp........................................ 1,116 26,271 * Quintiles Transnational Holdings, Inc.............. 1,550 93,775 #* RadNet, Inc........................................ 2,195 17,319 * Receptos, Inc...................................... 500 55,085 * Regeneron Pharmaceuticals, Inc..................... 854 355,828 #* Repligen Corp...................................... 989 24,023 # ResMed, Inc........................................ 2,676 167,170 #* Rigel Pharmaceuticals, Inc......................... 1,688 3,494 #* RTI Surgical, Inc.................................. 2,790 12,443 #* Sagent Pharmaceuticals, Inc........................ 600 15,402 * Salix Pharmaceuticals, Ltd......................... 1,287 173,320 * Sciclone Pharmaceuticals, Inc...................... 1,491 11,004 #* Seattle Genetics, Inc.............................. 1,409 43,904 Select Medical Holdings Corp....................... 6,240 84,365 * Sirona Dental Systems, Inc......................... 2,500 225,550 #* Spectrum Pharmaceuticals, Inc...................... 1,060 7,420 St Jude Medical, Inc............................... 3,829 252,216 STERIS Corp........................................ 2,672 174,268 Stryker Corp....................................... 2,800 254,940 #* SurModics, Inc..................................... 714 16,365 * Symmetry Surgical, Inc............................. 426 3,067 * Synageva BioPharma Corp............................ 200 23,044 * Taro Pharmaceutical Industries, Ltd................ 762 126,873 * Team Health Holdings, Inc.......................... 1,972 101,952 Teleflex, Inc...................................... 1,814 198,742 #* Tenet Healthcare Corp.............................. 5,997 253,553 #* Theravance Biopharma, Inc.......................... 474 7,698 Thermo Fisher Scientific, Inc...................... 2,342 293,242 * Thoratec Corp...................................... 2,200 78,958 * Tornier NV......................................... 425 10,272 * Triple-S Management Corp. Class B.................. 800 19,264 * United Therapeutics Corp........................... 1,215 171,473 UnitedHealth Group, Inc............................ 21,670 2,302,437 * Universal American Corp............................ 3,809 34,395 Universal Health Services, Inc. Class B............ 3,193 327,378 US Physical Therapy, Inc........................... 424 16,447 Utah Medical Products, Inc......................... 200 11,338 #* Varian Medical Systems, Inc........................ 3,147 291,286 * Vascular Solutions, Inc............................ 600 16,356 * VCA, Inc........................................... 4,571 238,149 * Vertex Pharmaceuticals, Inc........................ 1,922 211,689 * Waters Corp........................................ 1,800 214,290 #* WellCare Health Plans, Inc......................... 1,800 131,130 1014 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) West Pharmaceutical Services, Inc.................. 3,200 $ 157,792 * Wright Medical Group, Inc.......................... 1,422 34,711 Zimmer Holdings, Inc............................... 2,344 262,762 Zoetis, Inc........................................ 15,188 648,983 ----------- Total Health Care...................................... 53,635,888 ----------- Industrials -- (11.8%) 3M Co.............................................. 2,758 447,623 AAON, Inc.......................................... 1,687 36,793 AAR Corp........................................... 2,026 58,065 ABM Industries, Inc................................ 2,500 72,175 Acacia Research Corp............................... 1,906 23,863 * ACCO Brands Corp................................... 5,957 47,179 # Aceto Corp......................................... 1,462 28,363 Actuant Corp. Class A.............................. 3,519 81,324 Acuity Brands, Inc................................. 1,393 208,797 # ADT Corp. (The).................................... 6,133 210,975 * Advisory Board Co. (The)........................... 1,184 55,506 * AECOM.............................................. 7,674 195,073 * Aegion Corp........................................ 1,353 20,728 * Aerovironment, Inc................................. 1,280 32,755 # AGCO Corp.......................................... 3,296 142,849 # Air Lease Corp..................................... 3,754 131,165 * Air Transport Services Group, Inc.................. 1,100 9,163 Aircastle, Ltd..................................... 2,100 42,126 Alamo Group, Inc................................... 659 29,688 Alaska Air Group, Inc.............................. 2,746 186,371 Albany International Corp. Class A................. 1,347 45,973 Allegiant Travel Co................................ 500 90,635 Allegion P.L.C..................................... 2,086 112,665 Alliant Techsystems, Inc........................... 1,732 225,697 Allison Transmission Holdings, Inc................. 6,460 202,327 Altra Industrial Motion Corp....................... 968 24,732 * AMERCO............................................. 1,073 306,996 * Ameresco, Inc. Class A............................. 2,446 14,260 American Airlines Group, Inc....................... 11,000 539,880 # American Railcar Industries, Inc................... 800 40,160 # American Science & Engineering, Inc................ 300 13,920 #* American Superconductor Corp....................... 439 307 * American Woodmark Corp............................. 400 16,452 AMETEK, Inc........................................ 4,721 226,136 AO Smith Corp...................................... 2,965 176,151 Apogee Enterprises, Inc............................ 1,700 73,542 # Applied Industrial Technologies, Inc............... 2,374 95,981 * ARC Document Solutions, Inc........................ 3,255 29,848 ArcBest Corp....................................... 843 31,410 Argan, Inc......................................... 979 29,771 * Armstrong World Industries, Inc.................... 3,040 154,128 Astec Industries, Inc.............................. 1,000 35,560 * Astronics Corp..................................... 787 43,828 #* Astronics Corp. Class B............................ 187 10,472 * Atlas Air Worldwide Holdings, Inc.................. 786 35,527 * Avis Budget Group, Inc............................. 6,056 347,069 1015 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) AZZ, Inc........................................... 1,009 $ 42,570 * B/E Aerospace, Inc................................. 2,000 116,660 Babcock & Wilcox Co. (The)......................... 3,998 108,866 # Baltic Trading, Ltd................................ 2,100 3,402 Barnes Group, Inc.................................. 2,050 70,417 # Barrett Business Services, Inc..................... 297 9,103 * Beacon Roofing Supply, Inc......................... 2,797 66,261 * Blount International, Inc.......................... 3,178 49,259 #* BlueLinx Holdings, Inc............................. 1,514 1,575 Boeing Co. (The)................................... 13,884 2,018,317 Brady Corp. Class A................................ 1,950 51,031 # Briggs & Stratton Corp............................. 2,519 46,375 Brink's Co. (The).................................. 2,300 51,543 #* Builders FirstSource, Inc.......................... 2,956 17,500 * CAI International, Inc............................. 1,625 34,076 Carlisle Cos., Inc................................. 3,542 317,647 * Casella Waste Systems, Inc. Class A................ 900 3,429 # Caterpillar, Inc................................... 11,210 896,464 #* CBIZ, Inc.......................................... 2,496 20,667 CDI Corp........................................... 1,400 23,786 Ceco Environmental Corp............................ 721 9,892 Celadon Group, Inc................................. 1,152 27,452 CH Robinson Worldwide, Inc......................... 2,198 156,542 * Chart Industries, Inc.............................. 1,000 28,500 # Chicago Bridge & Iron Co. NV....................... 1,299 44,828 Cintas Corp........................................ 3,600 283,320 CIRCOR International, Inc.......................... 600 29,634 Civeo Corp......................................... 4,836 14,169 # CLARCOR, Inc....................................... 2,053 128,374 #* Clean Harbors, Inc................................. 2,162 102,306 #* Colfax Corp........................................ 3,202 145,083 Columbus McKinnon Corp............................. 1,099 27,530 Comfort Systems USA, Inc........................... 1,453 24,192 * Commercial Vehicle Group, Inc...................... 1,000 5,530 Con-way, Inc....................................... 1,365 55,924 Copa Holdings SA Class A........................... 600 64,506 * Copart, Inc........................................ 5,791 211,951 Corporate Executive Board Co. (The)................ 2,178 149,237 Courier Corp....................................... 400 9,388 Covanta Holding Corp............................... 4,497 91,919 * Covenant Transportation Group, Inc. Class A........ 700 19,810 * CPI Aerostructures, Inc............................ 300 3,525 * CRA International, Inc............................. 400 11,812 Crane Co........................................... 2,462 150,059 CSX Corp........................................... 9,200 306,360 Cubic Corp......................................... 956 49,989 Cummins, Inc....................................... 3,240 451,850 Curtiss-Wright Corp................................ 3,182 211,698 Danaher Corp....................................... 8,672 714,399 # Deere & Co......................................... 8,734 744,049 Delta Air Lines, Inc............................... 11,360 537,442 # Deluxe Corp........................................ 3,258 211,542 #* DigitalGlobe, Inc.................................. 5,438 146,228 1016 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) # Donaldson Co., Inc................................. 5,115 $ 187,004 Douglas Dynamics, Inc.............................. 841 16,980 Dover Corp......................................... 4,321 302,643 * Ducommun, Inc...................................... 591 15,348 Dun & Bradstreet Corp. (The)....................... 1,382 159,082 * DXP Enterprises, Inc............................... 600 24,612 * Dycom Industries, Inc.............................. 3,727 114,829 # Dynamic Materials Corp............................. 497 7,038 Eaton Corp. P.L.C.................................. 8,226 518,978 * Echo Global Logistics, Inc......................... 662 17,477 EMCOR Group, Inc................................... 3,081 124,349 Emerson Electric Co................................ 10,039 571,621 Encore Wire Corp................................... 782 23,953 #* Energy Recovery, Inc............................... 975 3,217 EnerSys............................................ 2,000 116,760 #* Engility Holdings, Inc............................. 941 37,546 Ennis, Inc......................................... 1,000 13,340 * EnPro Industries, Inc.............................. 400 23,732 Equifax, Inc....................................... 2,700 228,042 ESCO Technologies, Inc............................. 1,418 51,076 * Esterline Technologies Corp........................ 1,597 179,008 Exelis, Inc........................................ 9,007 154,110 Expeditors International of Washington, Inc........ 3,885 169,697 Exponent, Inc...................................... 900 72,126 # Fastenal Co........................................ 6,433 285,625 Federal Signal Corp................................ 2,530 38,633 FedEx Corp......................................... 4,158 703,159 Flowserve Corp..................................... 2,400 130,776 Fluor Corp......................................... 4,791 256,750 # Fortune Brands Home & Security, Inc................ 4,795 214,768 Forward Air Corp................................... 800 35,920 * Franklin Covey Co.................................. 400 7,228 # Franklin Electric Co., Inc......................... 1,662 56,857 FreightCar America, Inc............................ 400 9,336 * FTI Consulting, Inc................................ 1,955 79,510 #* Fuel Tech, Inc..................................... 100 323 * Furmanite Corp..................................... 1,258 9,221 G&K Services, Inc. Class A......................... 1,009 70,731 GATX Corp.......................................... 1,274 72,809 * Gencor Industries, Inc............................. 300 2,745 #* GenCorp, Inc....................................... 1,473 24,746 #* Generac Holdings, Inc.............................. 4,221 184,627 # General Cable Corp................................. 2,001 22,891 General Dynamics Corp.............................. 4,179 556,685 General Electric Co................................ 126,382 3,019,266 * Genesee & Wyoming, Inc. Class A.................... 1,200 98,940 * Gibraltar Industries, Inc.......................... 1,224 18,531 Global Brass & Copper Holdings, Inc................ 1,100 14,443 # Global Power Equipment Group, Inc.................. 464 5,721 Gorman-Rupp Co. (The).............................. 875 24,946 * GP Strategies Corp................................. 904 30,176 Graco, Inc......................................... 2,845 202,678 #* GrafTech International, Ltd........................ 3,401 12,346 1017 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Graham Corp........................................ 488 $ 10,097 Granite Construction, Inc.......................... 1,548 52,756 * Great Lakes Dredge & Dock Corp..................... 3,400 26,418 # Greenbrier Cos., Inc. (The)........................ 1,486 77,168 # Griffon Corp....................................... 1,955 28,719 H&E Equipment Services, Inc........................ 1,296 22,732 Harsco Corp........................................ 7,154 105,593 * Hawaiian Holdings, Inc............................. 1,300 25,272 #* HC2 Holdings, Inc.................................. 482 3,596 * HD Supply Holdings, Inc............................ 8,405 242,316 # Healthcare Services Group, Inc..................... 1,300 40,963 # Heartland Express, Inc............................. 3,693 94,873 # HEICO Corp......................................... 1,285 77,974 HEICO Corp. Class A................................ 1,771 83,538 Heidrick & Struggles International, Inc............ 505 11,191 Herman Miller, Inc................................. 1,088 31,606 * Hertz Global Holdings, Inc......................... 19,946 409,292 # Hexcel Corp........................................ 3,956 174,974 * Hill International, Inc............................ 1,100 4,202 Hillenbrand, Inc................................... 1,926 60,496 # HNI Corp........................................... 2,663 131,153 Honeywell International, Inc....................... 3,900 381,264 Houston Wire & Cable Co............................ 600 6,642 #* Hub Group, Inc. Class A............................ 1,731 57,815 Hubbell, Inc. Class A.............................. 100 10,855 Hubbell, Inc. Class B.............................. 1,724 182,813 * Hudson Global, Inc................................. 800 1,960 Huntington Ingalls Industries, Inc................. 1,901 221,657 Hurco Cos., Inc.................................... 200 7,016 * Huron Consulting Group, Inc........................ 1,270 95,529 Hyster-Yale Materials Handling, Inc................ 600 37,590 * ICF International, Inc............................. 997 37,248 IDEX Corp.......................................... 3,200 231,520 * IHS, Inc. Class A.................................. 800 92,104 Illinois Tool Works, Inc........................... 3,739 348,063 Ingersoll-Rand P.L.C............................... 6,258 415,531 #* InnerWorkings, Inc................................. 3,100 15,903 #* Innovative Solutions & Support, Inc................ 300 1,182 Insperity, Inc..................................... 771 32,336 Insteel Industries, Inc............................ 594 12,129 * Integrated Electrical Services, Inc................ 364 2,661 Interface, Inc..................................... 2,396 37,641 # International Shipholding Corp..................... 200 3,352 # Intersections, Inc................................. 600 2,052 ITT Corp........................................... 4,202 150,474 * Jacobs Engineering Group, Inc...................... 5,606 213,589 # JB Hunt Transport Services, Inc.................... 2,800 222,908 #* JetBlue Airways Corp............................... 14,845 249,248 John Bean Technologies Corp........................ 808 24,394 # Joy Global, Inc.................................... 3,596 150,816 # Kaman Corp......................................... 1,003 38,134 # Kansas City Southern............................... 2,000 220,180 KAR Auction Services, Inc.......................... 7,654 261,078 1018 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) # KBR, Inc........................................... 5,160 $ 85,295 # Kelly Services, Inc. Class A....................... 1,714 28,967 # Kennametal, Inc.................................... 2,119 66,579 Kforce, Inc........................................ 1,628 38,095 Kimball International, Inc. Class B................ 1,135 9,840 * Kirby Corp......................................... 1,683 122,001 * KLX, Inc........................................... 1,000 39,310 # Knight Transportation, Inc......................... 5,882 167,578 # Knightsbridge Shipping, Ltd........................ 1,161 4,656 Knoll, Inc......................................... 1,852 37,947 * Korn/Ferry International........................... 1,978 56,373 * Kratos Defense & Security Solutions, Inc........... 3,982 19,353 L-3 Communications Holdings, Inc................... 2,690 331,193 Landstar System, Inc............................... 600 38,448 * Lawson Products, Inc............................... 196 4,822 #* Layne Christensen Co............................... 712 5,760 LB Foster Co. Class A.............................. 400 18,964 Lennox International, Inc.......................... 1,871 183,938 Lincoln Electric Holdings, Inc..................... 3,500 237,685 # Lindsay Corp....................................... 550 47,531 * LMI Aerospace, Inc................................. 400 5,680 Lockheed Martin Corp............................... 7,523 1,417,107 LSI Industries, Inc................................ 600 4,404 * Lydall, Inc........................................ 500 13,775 * Magnetek, Inc...................................... 50 1,976 # Manitowoc Co., Inc. (The).......................... 5,541 103,617 Manpowergroup, Inc................................. 3,073 223,960 Marten Transport, Ltd.............................. 1,506 30,798 Masco Corp......................................... 7,200 178,848 #* MasTec, Inc........................................ 2,659 49,245 Matson, Inc........................................ 1,528 53,098 Matthews International Corp. Class A............... 523 24,231 McGrath RentCorp................................... 1,221 37,094 * Meritor, Inc....................................... 4,287 54,874 * Middleby Corp. (The)............................... 3,436 326,489 Miller Industries, Inc............................. 400 8,080 * Mistras Group, Inc................................. 854 17,165 Mobile Mini, Inc................................... 2,899 105,234 * Moog, Inc. Class A................................. 2,647 186,084 * MRC Global, Inc.................................... 3,570 38,592 MSA Safety, Inc.................................... 1,649 71,995 # MSC Industrial Direct Co., Inc. Class A............ 1,814 136,177 Mueller Industries, Inc............................ 3,100 97,309 Mueller Water Products, Inc. Class A............... 5,594 57,227 # Multi-Color Corp................................... 435 25,326 * MYR Group, Inc..................................... 1,200 30,036 # National Presto Industries, Inc.................... 235 14,805 * Navigant Consulting, Inc........................... 1,346 19,423 * NCI Building Systems, Inc.......................... 700 10,801 Nielsen NV......................................... 9,156 398,835 NN, Inc............................................ 1,016 23,419 Nordson Corp....................................... 4,013 292,387 Norfolk Southern Corp.............................. 3,534 360,362 1019 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) #* Nortek, Inc........................................ 454 $ 34,654 Northrop Grumman Corp.............................. 3,000 470,850 * Northwest Pipe Co.................................. 561 13,425 #* NOW, Inc........................................... 675 16,841 * Old Dominion Freight Line, Inc..................... 3,300 231,396 Omega Flex, Inc.................................... 93 2,917 * On Assignment, Inc................................. 3,288 115,507 * Orbital Sciences Corp.............................. 3,694 103,764 #* Orion Energy Systems, Inc.......................... 600 2,718 #* Orion Marine Group, Inc............................ 1,426 13,019 Oshkosh Corp....................................... 4,319 185,069 Owens Corning...................................... 6,280 251,514 PACCAR, Inc........................................ 3,100 186,341 Pall Corp.......................................... 2,113 204,454 * PAM Transportation Services, Inc................... 100 5,790 Park-Ohio Holdings Corp............................ 300 16,029 Parker Hannifin Corp............................... 1,800 209,628 * Patrick Industries, Inc............................ 777 33,411 * Pendrell Corp...................................... 2,782 3,617 Pentair P.L.C...................................... 9,636 595,601 #* Performant Financial Corp.......................... 2,244 11,130 * PGT, Inc........................................... 3,798 32,625 Pitney Bowes, Inc.................................. 12,570 301,429 #* Ply Gem Holdings, Inc.............................. 2,227 28,060 #* Polypore International, Inc........................ 1,867 83,492 Powell Industries, Inc............................. 428 16,696 * PowerSecure International, Inc..................... 800 7,520 Precision Castparts Corp........................... 1,233 246,723 Preformed Line Products Co......................... 300 14,343 # Primoris Services Corp............................. 3,951 74,200 * Proto Labs, Inc.................................... 568 36,573 Quad/Graphics, Inc................................. 969 19,419 * Quality Distribution, Inc.......................... 807 6,730 Quanex Building Products Corp...................... 1,584 29,827 * Quanta Services, Inc............................... 5,845 154,776 # Raven Industries, Inc.............................. 1,844 39,535 Raytheon Co........................................ 5,678 568,084 RBC Bearings, Inc.................................. 700 40,628 Regal-Beloit Corp.................................. 1,939 133,500 * Republic Airways Holdings, Inc..................... 1,333 18,342 Republic Services, Inc............................. 12,459 494,373 Resources Connection, Inc.......................... 1,538 25,685 * Rexnord Corp....................................... 6,004 148,599 * Roadrunner Transportation Systems, Inc............. 1,801 36,596 Robert Half International, Inc..................... 4,256 247,103 Rockwell Automation, Inc........................... 3,736 406,925 Rockwell Collins, Inc.............................. 5,248 449,334 # Rollins, Inc....................................... 8,648 285,816 Roper Industries, Inc.............................. 2,420 373,503 * RPX Corp........................................... 1,671 20,637 # RR Donnelley & Sons Co............................. 12,451 205,068 * Rush Enterprises, Inc. Class A..................... 887 24,836 Ryder System, Inc.................................. 3,698 306,157 1020 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Saia, Inc.......................................... 700 $ 29,477 * Sensata Technologies Holding NV.................... 2,755 135,877 Simpson Manufacturing Co., Inc..................... 2,239 73,081 SkyWest, Inc....................................... 1,371 17,206 * SL Industries, Inc................................. 100 4,275 Snap-on, Inc....................................... 2,327 308,816 #* SolarCity Corp..................................... 1,400 68,054 Southwest Airlines Co.............................. 24,471 1,105,600 * SP Plus Corp....................................... 400 8,928 * Sparton Corp....................................... 743 17,446 * Spirit Aerosystems Holdings, Inc. Class A.......... 4,604 207,364 * Spirit Airlines, Inc............................... 1,986 147,242 SPX Corp........................................... 2,340 195,554 #* Standard Register Co. (The)........................ 120 188 Standex International Corp......................... 521 36,517 Stanley Black & Decker, Inc........................ 6,094 570,703 Steelcase, Inc. Class A............................ 4,250 71,740 * Stericycle, Inc.................................... 1,176 154,397 * Sterling Construction Co., Inc..................... 400 1,388 # Sun Hydraulics Corp................................ 1,520 55,085 #* Swift Transportation Co............................ 1,965 48,300 TAL International Group, Inc....................... 1,400 56,910 #* Taser International, Inc........................... 1,400 37,814 * Team, Inc.......................................... 1,000 38,140 * Tecumseh Products Co............................... 400 1,416 * Teledyne Technologies, Inc......................... 1,375 130,680 Tennant Co......................................... 1,238 80,730 # Terex Corp......................................... 5,091 114,446 Tetra Tech, Inc.................................... 3,704 85,303 Textainer Group Holdings, Ltd...................... 1,838 60,305 Textron, Inc....................................... 9,561 406,916 * Thermon Group Holdings, Inc........................ 951 19,448 Timken Co. (The)................................... 2,900 110,229 # Titan International, Inc........................... 1,654 14,787 #* Titan Machinery, Inc............................... 1,000 14,130 Toro Co. (The)..................................... 2,349 152,474 # Towers Watson & Co. Class A........................ 2,455 290,917 TransDigm Group, Inc............................... 1,600 328,848 * TRC Cos., Inc...................................... 500 3,455 #* Trex Co., Inc...................................... 800 34,024 * Trimas Corp........................................ 1,769 47,745 # Trinity Industries, Inc............................ 7,100 187,937 # Triumph Group, Inc................................. 2,200 125,532 * TrueBlue, Inc...................................... 1,673 36,906 * Tutor Perini Corp.................................. 3,132 67,996 Twin Disc, Inc..................................... 300 4,830 Tyco International P.L.C........................... 3,002 122,512 * Ultralife Corp..................................... 200 670 UniFirst Corp...................................... 900 104,517 Union Pacific Corp................................. 11,792 1,382,140 * United Continental Holdings, Inc................... 6,748 468,109 United Parcel Service, Inc. Class B................ 7,739 764,923 * United Rentals, Inc................................ 5,371 444,987 1021 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) # United Stationers, Inc............................. 1,810 $ 72,961 United Technologies Corp........................... 14,503 1,664,654 Universal Forest Products, Inc..................... 925 46,305 # US Ecology, Inc.................................... 600 24,876 #* USG Corp........................................... 5,400 164,430 #* UTi Worldwide, Inc................................. 2,500 29,675 # Valmont Industries, Inc............................ 1,366 164,084 * Vectrus, Inc....................................... 488 13,586 * Verisk Analytics, Inc. Class A..................... 2,566 165,122 #* Veritiv Corp....................................... 376 19,127 * Versar, Inc........................................ 489 1,491 Viad Corp.......................................... 809 21,827 #* Vicor Corp......................................... 600 6,462 #* Volt Information Sciences, Inc..................... 500 6,270 VSE Corp........................................... 151 10,928 #* Wabash National Corp............................... 3,046 37,984 * WABCO Holdings, Inc................................ 3,483 331,477 Wabtec Corp........................................ 2,900 242,005 Waste Connections, Inc............................. 5,228 225,954 Watsco, Inc........................................ 2,018 219,679 Watts Water Technologies, Inc. Class A............. 1,600 93,808 # Werner Enterprises, Inc............................ 3,591 102,451 #* Wesco Aircraft Holdings, Inc....................... 494 6,442 #* WESCO International, Inc........................... 2,706 180,653 # West Corp.......................................... 2,987 97,675 * Willis Lease Finance Corp.......................... 78 1,611 Woodward, Inc...................................... 2,280 101,711 # WW Grainger, Inc................................... 2,644 623,561 #* Xerium Technologies, Inc........................... 100 1,539 #* XPO Logistics, Inc................................. 949 34,914 Xylem, Inc......................................... 4,418 150,654 ----------- Total Industrials...................................... 56,314,091 ----------- Information Technology -- (16.9%) #* 3D Systems Corp.................................... 1,800 52,344 Accenture P.L.C. Class A........................... 13,046 1,096,255 * ACI Worldwide, Inc................................. 7,545 139,356 Activision Blizzard, Inc........................... 20,613 430,709 * Actua Corp......................................... 1,306 21,027 * Acxiom Corp........................................ 3,741 68,086 * Adobe Systems, Inc................................. 6,689 469,100 ADTRAN, Inc........................................ 2,743 60,648 * Advanced Energy Industries, Inc.................... 1,310 31,440 #* Advanced Micro Devices, Inc........................ 41,700 107,169 # Advent Software, Inc............................... 2,500 104,625 #* Agilysys, Inc...................................... 761 7,899 * Akamai Technologies, Inc........................... 3,032 176,326 * Alliance Data Systems Corp......................... 2,780 802,947 #* Alpha & Omega Semiconductor, Ltd................... 749 6,569 Altera Corp........................................ 4,995 164,460 Amdocs, Ltd........................................ 4,603 221,773 American Software, Inc. Class A.................... 400 3,316 * Amkor Technology, Inc.............................. 12,116 76,937 1022 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) Amphenol Corp. Class A............................. 8,004 $ 429,895 * Amtech Systems, Inc................................ 200 1,634 Analog Devices, Inc................................ 5,686 296,269 * Anixter International, Inc......................... 1,157 87,192 * ANSYS, Inc......................................... 1,200 96,804 * AOL, Inc........................................... 3,607 156,003 Apple, Inc......................................... 66,080 7,741,933 Applied Materials, Inc............................. 15,282 349,041 * ARRIS Group, Inc................................... 5,713 149,795 * Arrow Electronics, Inc............................. 4,168 229,407 * Aspen Technology, Inc.............................. 3,617 127,843 * Atmel Corp......................................... 8,102 67,490 * Autodesk, Inc...................................... 4,404 237,838 Automatic Data Processing, Inc..................... 12,722 1,049,947 Avago Technologies, Ltd............................ 3,000 308,640 * AVG Technologies NV................................ 2,369 46,859 * Avid Technology, Inc............................... 1,011 13,103 Avnet, Inc......................................... 4,332 180,298 AVX Corp........................................... 2,139 27,657 Aware, Inc......................................... 500 2,440 * Axcelis Technologies, Inc.......................... 4,567 10,961 # Badger Meter, Inc.................................. 485 29,032 #* Bankrate, Inc...................................... 4,669 58,269 Bel Fuse, Inc. Class B............................. 378 8,891 Belden, Inc........................................ 1,290 106,993 * Benchmark Electronics, Inc......................... 1,618 39,204 Black Box Corp..................................... 500 10,505 Blackbaud, Inc..................................... 2,134 93,277 #* Blackhawk Network Holdings, Inc. Class B........... 1,787 59,168 #* Blucora, Inc....................................... 2,066 27,932 Booz Allen Hamilton Holding Corp................... 5,434 158,184 * Bottomline Technologies de, Inc.................... 953 23,606 Broadcom Corp. Class A............................. 6,052 256,817 Broadridge Financial Solutions, Inc................ 7,566 363,092 Brocade Communications Systems, Inc................ 28,051 311,927 Brooks Automation, Inc............................. 5,287 68,255 * BTU International, Inc............................. 200 526 CA, Inc............................................ 21,790 660,237 * Cabot Microelectronics Corp........................ 768 37,947 * CACI International, Inc. Class A................... 1,620 137,036 #* Cadence Design Systems, Inc........................ 9,120 164,069 * CalAmp Corp........................................ 600 10,746 * Calix, Inc......................................... 1,647 15,811 #* Cardtronics, Inc................................... 3,070 103,183 * Cascade Microtech, Inc............................. 300 4,038 Cass Information Systems, Inc...................... 442 19,368 * Cavium, Inc........................................ 224 13,173 CDK Global, Inc.................................... 4,240 191,478 CDW Corp........................................... 4,346 148,894 * Ceva, Inc.......................................... 819 14,996 * Checkpoint Systems, Inc............................ 1,612 20,892 * Ciber, Inc......................................... 2,092 6,757 #* Ciena Corp......................................... 4,191 77,617 1023 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Cimpress NV........................................ 852 $ 68,629 #* Cirrus Logic, Inc.................................. 1,427 37,815 Cisco Systems, Inc................................. 94,737 2,497,741 * Citrix Systems, Inc................................ 3,279 194,314 #* Clearfield, Inc.................................... 600 7,068 * Cognex Corp........................................ 2,478 91,066 * Cognizant Technology Solutions Corp. Class A....... 5,430 293,926 * Coherent, Inc...................................... 900 55,692 Cohu, Inc.......................................... 323 3,660 Communications Systems, Inc........................ 300 3,075 * CommVault Systems, Inc............................. 801 34,908 Computer Sciences Corp............................. 10,423 632,468 Computer Task Group, Inc........................... 610 4,935 * comScore, Inc...................................... 268 11,138 Comtech Telecommunications Corp.................... 1,053 34,791 * Comverse, Inc...................................... 1,013 17,454 * Constant Contact, Inc.............................. 624 23,600 # Convergys Corp..................................... 4,549 87,159 * CoreLogic, Inc..................................... 5,693 189,008 Corning, Inc....................................... 13,735 326,481 #* CoStar Group, Inc.................................. 1,083 199,824 * Covisint Corp...................................... 1,348 2,993 #* Cray, Inc.......................................... 1,325 43,049 #* Cree, Inc.......................................... 3,960 140,026 # CSG Systems International, Inc..................... 2,340 57,377 CTS Corp........................................... 685 10,960 Daktronics, Inc.................................... 2,457 30,418 * Datalink Corp...................................... 687 7,804 #* Dealertrack Technologies, Inc...................... 2,144 86,189 #* Demand Media, Inc.................................. 253 1,025 * Dice Holdings, Inc................................. 7,201 59,552 # Diebold, Inc....................................... 1,649 51,449 * Digi International, Inc............................ 815 7,783 Digimarc Corp...................................... 127 3,432 #* Digital River, Inc................................. 1,636 41,767 * Diodes, Inc........................................ 1,336 35,310 Dolby Laboratories, Inc. Class A................... 1,265 49,082 * DSP Group, Inc..................................... 10 110 DST Systems, Inc................................... 2,110 204,037 * DTS, Inc........................................... 453 12,557 # EarthLink Holdings Corp............................ 3,454 14,576 * eBay, Inc.......................................... 15,393 815,829 # Ebix, Inc.......................................... 960 21,936 #* Echelon Corp....................................... 700 980 * EchoStar Corp. Class A............................. 2,337 121,921 Electro Rent Corp.................................. 804 10,364 Electro Scientific Industries, Inc................. 1,011 6,339 * Electronic Arts, Inc............................... 4,020 220,537 * Electronics for Imaging, Inc....................... 2,109 81,513 #* Ellie Mae, Inc..................................... 755 33,401 EMC Corp........................................... 27,535 713,983 * Emulex Corp........................................ 2,986 18,692 #* EnerNOC, Inc....................................... 1,220 21,008 1024 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Entegris, Inc...................................... 3,413 $ 44,369 #* Entropic Communications, Inc....................... 2,237 5,794 * Envestnet, Inc..................................... 690 35,514 * EPAM Systems, Inc.................................. 2,595 126,973 EPIQ Systems, Inc.................................. 2,009 35,057 * ePlus, Inc......................................... 400 26,976 # Equinix, Inc....................................... 1,142 247,654 #* Euronet Worldwide, Inc............................. 2,376 107,847 #* Exar Corp.......................................... 1,220 11,004 * ExlService Holdings, Inc........................... 2,071 60,846 * Extreme Networks, Inc.............................. 2,741 8,059 * F5 Networks, Inc................................... 2,019 225,361 * Fabrinet........................................... 1,414 23,091 * Facebook, Inc. Class A............................. 23,773 1,804,608 # FactSet Research Systems, Inc...................... 2,323 333,560 Fair Isaac Corp.................................... 2,000 142,700 * Fairchild Semiconductor International, Inc......... 3,440 52,804 * FARO Technologies, Inc............................. 400 22,140 FEI Co............................................. 1,000 82,220 Fidelity National Information Services, Inc........ 7,645 477,277 #* Finisar Corp....................................... 3,823 69,349 #* First Solar, Inc................................... 3,600 152,352 * Fiserv, Inc........................................ 8,561 620,929 * FleetCor Technologies, Inc......................... 2,864 402,392 FLIR Systems, Inc.................................. 2,970 89,694 * FormFactor, Inc.................................... 3,147 23,760 Forrester Research, Inc............................ 600 22,644 * Fortinet, Inc...................................... 2,890 86,397 #* Freescale Semiconductor, Ltd....................... 2,500 80,225 * Gartner, Inc....................................... 2,505 210,971 * Genpact, Ltd....................................... 8,249 165,557 * Global Cash Access Holdings, Inc................... 4,600 30,406 Global Payments, Inc............................... 6,519 569,174 * Google, Inc. Class A............................... 3,013 1,619,638 * Google, Inc. Class C............................... 3,013 1,610,509 * GSI Group, Inc..................................... 618 8,170 #* GSI Technology, Inc................................ 381 1,928 * GTT Communications, Inc............................ 1,500 17,265 Hackett Group, Inc. (The).......................... 800 6,064 * Harmonic, Inc...................................... 4,973 38,043 Harris Corp........................................ 2,173 145,873 Heartland Payment Systems, Inc..................... 1,788 88,989 Hewlett-Packard Co................................. 57,086 2,062,517 * HomeAway, Inc...................................... 2,300 58,627 #* Hutchinson Technology, Inc......................... 900 3,141 IAC/InterActiveCorp................................ 3,700 225,515 * ID Systems, Inc.................................... 400 2,636 * Identiv, Inc....................................... 2 25 * iGATE Corp......................................... 2,495 88,323 * II-VI, Inc......................................... 2,048 35,205 #* Imation Corp....................................... 397 1,493 #* Infinera Corp...................................... 4,606 74,249 * Informatica Corp................................... 2,972 123,888 1025 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Ingram Micro, Inc. Class A......................... 6,534 $ 164,526 * Innodata, Inc...................................... 400 1,144 * Inphi Corp......................................... 6 118 * Insight Enterprises, Inc........................... 1,499 35,481 * Integrated Device Technology, Inc.................. 2,864 52,383 Integrated Silicon Solution, Inc................... 700 11,256 Intel Corp......................................... 86,163 2,846,825 #* Interactive Intelligence Group, Inc................ 500 20,280 # InterDigital, Inc.................................. 1,900 94,962 #* Internap Corp...................................... 3,375 28,417 # International Business Machines Corp............... 16,139 2,474,270 Intersil Corp. Class A............................. 5,929 84,844 #* Intevac, Inc....................................... 500 3,250 * IntraLinks Holdings, Inc........................... 1,900 20,254 Intuit, Inc........................................ 5,800 503,556 #* IPG Photonics Corp................................. 600 44,784 #* Itron, Inc......................................... 2,179 81,081 #* Ixia............................................... 3,648 36,991 IXYS Corp.......................................... 1,534 17,334 j2 Global, Inc..................................... 1,901 109,193 Jabil Circuit, Inc................................. 9,306 191,797 Jack Henry & Associates, Inc....................... 4,000 245,480 #* JDS Uniphase Corp.................................. 9,748 118,438 Juniper Networks, Inc.............................. 14,506 329,721 #* Kemet Corp......................................... 318 1,208 * Key Tronic Corp.................................... 334 3,079 * Keysight Technologies, Inc......................... 2,050 68,449 * Kimball Electronics, Inc........................... 851 8,663 KLA-Tencor Corp.................................... 2,269 139,475 #* Knowles Corp....................................... 2,836 60,152 #* Kopin Corp......................................... 1,468 5,358 * Kulicke & Soffa Industries, Inc.................... 3,312 50,243 #* KVH Industries, Inc................................ 99 1,198 Lam Research Corp.................................. 5,038 385,105 * Lattice Semiconductor Corp......................... 5,607 39,978 Leidos Holdings, Inc............................... 3,582 148,295 # Lexmark International, Inc. Class A................ 3,325 132,701 * Limelight Networks, Inc............................ 1,080 2,873 Linear Technology Corp............................. 2,800 125,832 * LinkedIn Corp. Class A............................. 791 177,769 * Lionbridge Technologies, Inc....................... 2,610 12,998 #* Liquidity Services, Inc............................ 101 782 Littelfuse, Inc.................................... 1,105 109,108 * Magnachip Semiconductor Corp....................... 1,541 22,160 * Manhattan Associates, Inc.......................... 2,100 93,744 # ManTech International Corp. Class A................ 1,887 61,384 Marchex, Inc. Class B.............................. 700 2,667 Marvell Technology Group, Ltd...................... 14,497 224,559 MasterCard, Inc. Class A........................... 19,636 1,610,741 Maxim Integrated Products, Inc..................... 6,639 219,684 MAXIMUS, Inc....................................... 4,044 225,332 #* Maxwell Technologies, Inc.......................... 900 7,164 Mentor Graphics Corp............................... 6,675 153,592 1026 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Mercury Systems, Inc............................... 1,795 $ 28,325 Mesa Laboratories, Inc............................. 200 15,234 Methode Electronics, Inc........................... 1,300 47,021 Micrel, Inc........................................ 1,226 17,250 # Microchip Technology, Inc.......................... 1,100 49,610 * Micron Technology, Inc............................. 32,511 951,434 * Microsemi Corp..................................... 3,484 97,064 Microsoft Corp..................................... 156,892 6,338,437 MKS Instruments, Inc............................... 4,047 141,685 #* ModusLink Global Solutions, Inc.................... 1,100 3,971 #* MoneyGram International, Inc....................... 2,059 17,543 Monolithic Power Systems, Inc...................... 810 38,467 Monotype Imaging Holdings, Inc..................... 1,050 30,807 #* Monster Worldwide, Inc............................. 9,144 37,765 Motorola Solutions, Inc............................ 4,827 301,253 MTS Systems Corp................................... 834 60,282 * Multi-Fineline Electronix, Inc..................... 722 9,393 * Nanometrics, Inc................................... 527 8,190 National Instruments Corp.......................... 4,682 140,835 * NCI, Inc. Class A.................................. 100 1,232 * NCR Corp........................................... 8,224 208,890 NetApp, Inc........................................ 7,487 283,009 * NETGEAR, Inc....................................... 1,577 53,255 #* Netscout Systems, Inc.............................. 1,935 69,466 #* NetSuite, Inc...................................... 849 83,567 #* NeuStar, Inc. Class A.............................. 2,061 54,184 * Newport Corp....................................... 1,890 35,003 NIC, Inc........................................... 1,200 19,704 #* Nuance Communications, Inc......................... 16,005 219,989 # NVIDIA Corp........................................ 26,341 505,879 * OmniVision Technologies, Inc....................... 1,293 34,963 * ON Semiconductor Corp.............................. 19,904 199,239 Oracle Corp........................................ 61,587 2,579,879 * OSI Systems, Inc................................... 852 59,623 #* Palo Alto Networks, Inc............................ 600 75,834 * Pandora Media, Inc................................. 2,164 35,922 * PAR Technology Corp................................ 300 1,722 Park Electrochemical Corp.......................... 523 11,354 Paychex, Inc....................................... 14,162 640,972 PC Connection, Inc................................. 346 8,217 * PDF Solutions, Inc................................. 439 7,296 Pegasystems, Inc................................... 2,665 52,154 Perceptron, Inc.................................... 200 2,142 * Perficient, Inc.................................... 1,665 29,970 * Pericom Semiconductor Corp......................... 400 5,844 * Photronics, Inc.................................... 3,408 28,627 Plantronics, Inc................................... 1,928 88,360 * Plexus Corp........................................ 1,592 60,321 * PMC-Sierra, Inc.................................... 7,989 70,623 * Polycom, Inc....................................... 6,834 90,892 Power Integrations, Inc............................ 500 25,790 #* PRGX Global, Inc................................... 400 2,076 * Progress Software Corp............................. 2,023 50,676 1027 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * PTC, Inc........................................... 5,121 $ 171,093 QAD, Inc. Class A.................................. 555 10,734 * QLogic Corp........................................ 6,373 85,143 * Qorvo, Inc......................................... 3,393 250,641 QUALCOMM, Inc...................................... 23,683 1,479,240 * QuinStreet, Inc.................................... 195 998 * Qumu Corp.......................................... 208 2,954 #* Rackspace Hosting, Inc............................. 11,575 520,412 * Radisys Corp....................................... 732 1,698 #* Rambus, Inc........................................ 3,700 41,625 * RealNetworks, Inc.................................. 971 6,826 #* RealPage, Inc...................................... 1,500 27,015 * Red Hat, Inc....................................... 3,004 191,625 Richardson Electronics, Ltd........................ 500 4,685 #* Rightside Group, Ltd............................... 253 1,999 * Riverbed Technology, Inc........................... 4,496 92,528 * Rofin-Sinar Technologies, Inc...................... 1,726 46,464 * Rogers Corp........................................ 581 42,913 #* Rosetta Stone, Inc................................. 1,153 10,400 * Rovi Corp.......................................... 5,069 117,145 * Rudolph Technologies, Inc.......................... 2,447 24,543 #* Saba Software, Inc................................. 600 5,784 * Salesforce.com, Inc................................ 5,907 333,450 SanDisk Corp....................................... 4,328 328,538 * Sanmina Corp....................................... 3,690 78,154 * Sapient Corp....................................... 7,942 197,438 * ScanSource, Inc.................................... 1,575 54,306 Science Applications International Corp............ 2,245 109,511 * Seachange International, Inc....................... 1,200 8,472 # Seagate Technology P.L.C........................... 6,300 355,572 * Semtech Corp....................................... 991 25,231 * ServiceNow, Inc.................................... 1,300 94,770 * ServiceSource International, Inc................... 3,707 12,418 * ShoreTel, Inc...................................... 2,672 18,918 * Shutterstock, Inc.................................. 800 45,032 * Silicon Image, Inc................................. 1,800 13,068 * Silicon Laboratories, Inc.......................... 2,076 90,846 Skyworks Solutions, Inc............................ 5,239 435,099 * SolarWinds, Inc.................................... 2,200 105,930 Solera Holdings, Inc............................... 4,562 235,399 * Sonus Networks, Inc................................ 1,683 32,108 * Spansion, Inc. Class A............................. 901 31,949 #* Speed Commerce, Inc................................ 595 1,416 * Splunk, Inc........................................ 1,673 86,410 SS&C Technologies Holdings, Inc.................... 3,282 181,593 * Stamps.com, Inc.................................... 486 22,147 #* StarTek, Inc....................................... 200 1,886 #* Stratasys, Ltd..................................... 1,857 147,613 #* SunEdison, Inc..................................... 8,529 159,748 #* SunPower Corp...................................... 1,361 32,827 * Super Micro Computer, Inc.......................... 2,458 89,889 * support.com, Inc................................... 1,000 1,960 * Sykes Enterprises, Inc............................. 2,556 57,561 1028 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) Symantec Corp...................................... 20,309 $ 503,054 #* Synaptics, Inc..................................... 1,720 132,113 * Synchronoss Technologies, Inc...................... 3,129 132,889 # SYNNEX Corp........................................ 2,219 164,628 * Synopsys, Inc...................................... 5,859 251,878 * Syntel, Inc........................................ 3,910 169,107 * Tableau Software, Inc. Class A..................... 500 40,380 * Take-Two Interactive Software, Inc................. 7,936 235,858 TE Connectivity, Ltd............................... 3,896 258,655 * Tech Data Corp..................................... 2,199 125,563 * TechTarget, Inc.................................... 1,500 16,575 * TeleCommunication Systems, Inc. Class A............ 971 2,748 #* Telenav, Inc....................................... 1,165 7,549 * TeleTech Holdings, Inc............................. 2,516 55,503 #* Teradata Corp...................................... 5,600 249,536 Teradyne, Inc...................................... 7,077 128,094 Tessco Technologies, Inc........................... 126 2,854 Tessera Technologies, Inc.......................... 2,694 99,893 Texas Instruments, Inc............................. 15,376 821,847 TheStreet, Inc..................................... 700 1,456 * TiVo, Inc.......................................... 3,523 36,851 Total System Services, Inc......................... 5,763 203,837 # Transact Technologies, Inc......................... 300 1,785 * Travelzoo, Inc..................................... 400 3,432 * Trimble Navigation, Ltd............................ 4,453 106,159 #* TTM Technologies, Inc.............................. 6,117 42,513 #* Twitter, Inc....................................... 2,000 75,060 * Tyler Technologies, Inc............................ 600 63,648 # Ubiquiti Networks, Inc............................. 327 8,598 #* Ultimate Software Group, Inc. (The)................ 1,151 170,359 * Ultra Clean Holdings, Inc.......................... 765 6,732 #* Ultratech, Inc..................................... 1,181 18,825 * Unisys Corp........................................ 1,947 42,698 * United Online, Inc................................. 539 7,115 #* Unwired Planet, Inc................................ 2,043 2,016 * Vantiv, Inc. Class A............................... 10,281 353,564 #* VASCO Data Security International, Inc............. 600 12,900 #* Veeco Instruments, Inc............................. 2,842 82,901 #* VeriFone Systems, Inc.............................. 3,834 120,349 * Verint Systems, Inc................................ 2,381 127,098 #* VeriSign, Inc...................................... 1,924 104,819 #* ViaSat, Inc........................................ 2,264 127,282 * Viasystems Group, Inc.............................. 156 2,498 * Video Display Corp................................. 37 93 #* Virtusa Corp....................................... 1,004 37,610 Visa, Inc. Class A................................. 5,530 1,409,652 # Vishay Intertechnology, Inc........................ 6,458 87,958 * Vishay Precision Group, Inc........................ 335 5,574 #* VMware, Inc. Class A............................... 700 53,970 * Web.com Group, Inc................................. 1,200 18,132 #* WebMD Health Corp.................................. 453 17,554 * Westell Technologies, Inc. Class A................. 700 875 Western Digital Corp............................... 7,142 694,417 1029 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) # Western Union Co. (The)............................ 13,020 $ 221,340 * WEX, Inc........................................... 1,550 142,677 #* Workday, Inc. Class A.............................. 600 47,676 * Xcerra Corp........................................ 2,281 17,518 Xerox Corp......................................... 48,791 642,577 Xilinx, Inc........................................ 6,194 238,934 * XO Group, Inc...................................... 950 15,618 * Yahoo!, Inc........................................ 7,763 341,494 #* Yelp, Inc.......................................... 650 34,105 * Zebra Technologies Corp. Class A................... 2,039 170,175 #* Zillow, Inc. Class A............................... 300 29,076 * Zix Corp........................................... 1,205 4,266 #* Zynga, Inc. Class A................................ 12,436 31,836 ----------- Total Information Technology........................... 80,796,496 ----------- Materials -- (4.3%) A Schulman, Inc.................................... 1,631 56,840 * AEP Industries, Inc................................ 179 8,970 Air Products & Chemicals, Inc...................... 2,654 386,449 Airgas, Inc........................................ 1,600 180,224 Albemarle Corp..................................... 4,212 203,271 Alcoa, Inc......................................... 23,667 370,389 # Allegheny Technologies, Inc........................ 4,175 119,113 #* Allied Nevada Gold Corp............................ 2,797 2,881 #* AM Castle & Co..................................... 956 5,784 # American Vanguard Corp............................. 1,982 22,159 Ampco-Pittsburgh Corp.............................. 957 17,417 # Aptargroup, Inc.................................... 2,590 163,455 Ashland, Inc....................................... 1,065 126,224 Avery Dennison Corp................................ 6,804 355,645 Axiall Corp........................................ 2,225 98,456 Balchem Corp....................................... 1,234 65,365 Ball Corp.......................................... 4,657 294,928 Bemis Co., Inc..................................... 6,617 293,133 * Berry Plastics Group, Inc.......................... 5,113 172,922 * Boise Cascade Co................................... 1,389 56,171 Cabot Corp......................................... 2,600 110,266 * Calgon Carbon Corp................................. 2,500 49,325 Carpenter Technology Corp.......................... 1,884 71,479 Celanese Corp. Series A............................ 4,162 223,749 * Century Aluminum Co................................ 3,446 79,637 CF Industries Holdings, Inc........................ 2,522 770,168 Chase Corp......................................... 200 7,160 * Chemtura Corp...................................... 3,673 80,035 * Clearwater Paper Corp.............................. 1,793 132,718 # Cliffs Natural Resources, Inc...................... 1,812 11,633 Commercial Metals Co............................... 6,154 82,587 Compass Minerals International, Inc................ 2,279 199,185 * Crown Holdings, Inc................................ 2,584 114,497 Cytec Industries, Inc.............................. 3,350 160,766 Deltic Timber Corp................................. 200 12,500 Domtar Corp........................................ 3,600 137,880 Dow Chemical Co. (The)............................. 19,460 878,814 1030 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Materials -- (Continued) Eagle Materials, Inc............................... 2,200 $ 156,684 Eastman Chemical Co................................ 4,237 300,361 Ecolab, Inc........................................ 4,584 475,682 EI du Pont de Nemours & Co......................... 11,226 799,403 * Ferro Corp......................................... 4,222 46,991 #* Flotek Industries, Inc............................. 1,507 24,368 FMC Corp........................................... 3,288 189,060 Freeport-McMoRan, Inc.............................. 30,880 519,093 FutureFuel Corp.................................... 1,448 15,914 Globe Specialty Metals, Inc........................ 2,247 34,649 * Graphic Packaging Holding Co....................... 20,693 299,635 Greif, Inc. Class A................................ 948 36,214 Greif, Inc. Class B................................ 200 8,762 # Hawkins, Inc....................................... 400 15,404 Haynes International, Inc.......................... 300 11,679 # HB Fuller Co....................................... 1,153 47,446 #* Headwaters, Inc.................................... 1,600 22,528 Hecla Mining Co.................................... 16,958 55,792 #* Horsehead Holding Corp............................. 1,695 22,781 # Huntsman Corp...................................... 7,232 158,815 Innophos Holdings, Inc............................. 880 52,395 Innospec, Inc...................................... 1,338 52,811 International Flavors & Fragrances, Inc............ 1,224 129,879 International Paper Co............................. 11,277 593,847 #* Intrepid Potash, Inc............................... 2,295 30,546 # Kaiser Aluminum Corp............................... 650 45,051 KapStone Paper and Packaging Corp.................. 7,197 214,974 KMG Chemicals, Inc................................. 300 6,276 Koppers Holdings, Inc.............................. 798 14,492 * Kraton Performance Polymers, Inc................... 1,647 31,853 # Kronos Worldwide, Inc.............................. 3,307 37,138 #* Louisiana-Pacific Corp............................. 5,924 96,976 * LSB Industries, Inc................................ 1,305 40,768 LyondellBasell Industries NV Class A............... 9,547 755,072 Martin Marietta Materials, Inc..................... 2,376 255,990 Materion Corp...................................... 900 29,655 #* McEwen Mining, Inc................................. 2,598 3,248 MeadWestvaco Corp.................................. 7,235 363,776 * Mercer International, Inc.......................... 1,858 23,559 Minerals Technologies, Inc......................... 2,000 130,660 #* Molycorp, Inc...................................... 770 254 Monsanto Co........................................ 9,386 1,107,360 Mosaic Co. (The)................................... 4,376 213,067 Myers Industries, Inc.............................. 2,331 38,811 Neenah Paper, Inc.................................. 1,036 59,446 # NewMarket Corp..................................... 400 179,868 Newmont Mining Corp................................ 5,341 134,326 Noranda Aluminum Holding Corp...................... 2,079 6,299 Nucor Corp......................................... 7,036 307,121 Olin Corp.......................................... 2,121 53,173 # Olympic Steel, Inc................................. 300 4,113 OM Group, Inc...................................... 1,454 40,712 * OMNOVA Solutions, Inc.............................. 1,400 9,604 1031 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Materials -- (Continued) * Owens-Illinois, Inc................................ 9,307 $ 217,318 Packaging Corp. of America......................... 3,298 250,153 * Penford Corp....................................... 200 3,764 PH Glatfelter Co................................... 1,455 33,276 PolyOne Corp....................................... 3,692 131,398 PPG Industries, Inc................................ 1,405 313,146 Praxair, Inc....................................... 5,952 717,752 Quaker Chemical Corp............................... 514 40,565 # Rayonier Advanced Materials, Inc................... 700 11,984 Reliance Steel & Aluminum Co....................... 2,537 132,863 #* Rentech, Inc....................................... 6,215 7,458 * Resolute Forest Products, Inc...................... 2,966 50,422 Rock-Tenn Co. Class A.............................. 3,854 250,125 # Royal Gold, Inc.................................... 1,945 140,935 RPM International, Inc............................. 6,900 330,234 * RTI International Metals, Inc...................... 1,965 43,820 # Schnitzer Steel Industries, Inc. Class A........... 1,515 25,573 Schweitzer-Mauduit International, Inc.............. 1,300 50,518 Scotts Miracle-Gro Co. (The) Class A............... 2,401 152,295 Sealed Air Corp.................................... 11,732 475,146 #* Senomyx, Inc....................................... 300 1,584 Sensient Technologies Corp......................... 2,276 138,836 Sherwin-Williams Co. (The)......................... 1,849 501,578 Sigma-Aldrich Corp................................. 2,000 275,040 Silgan Holdings, Inc............................... 2,573 132,278 Sonoco Products Co................................. 3,316 146,567 # Southern Copper Corp............................... 2,650 72,292 Steel Dynamics, Inc................................ 10,875 185,310 Stepan Co.......................................... 766 29,414 #* Stillwater Mining Co............................... 4,770 65,206 SunCoke Energy, Inc................................ 2,725 41,148 Synalloy Corp...................................... 300 5,010 TimkenSteel Corp................................... 1,450 39,150 * Trecora Resources.................................. 500 6,875 Tredegar Corp...................................... 811 17,347 Tronox, Ltd. Class A............................... 1,900 40,166 # United States Lime & Minerals, Inc................. 200 13,830 # United States Steel Corp........................... 3,623 88,546 #* Universal Stainless & Alloy Products, Inc.......... 400 8,916 # Valhi, Inc......................................... 1,335 7,636 Valspar Corp. (The)................................ 3,600 300,348 Vulcan Materials Co................................ 3,404 240,016 # Wausau Paper Corp.................................. 2,700 27,432 Westlake Chemical Corp............................. 1,400 80,234 Worthington Industries, Inc........................ 4,500 134,685 * WR Grace & Co...................................... 362 31,378 Zep, Inc........................................... 611 9,788 ----------- Total Materials........................................ 20,445,931 ----------- Real Estate Investment Trusts -- (0.1%) CareTrust REIT, Inc................................ 992 13,372 1032 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Real Estate Investment Trusts -- (Continued) # Iron Mountain, Inc................................. 7,692 $ 306,449 ----------- Total Real Estate Investment Trusts.................... 319,821 ----------- Telecommunication Services -- (2.7%) * 8x8, Inc........................................... 1,108 8,543 #* Alaska Communications Systems Group, Inc........... 2,700 4,806 # AT&T, Inc.......................................... 185,722 6,113,968 # Atlantic Tele-Network, Inc......................... 1,000 66,430 #* Boingo Wireless, Inc............................... 666 5,628 CenturyLink, Inc................................... 13,121 487,707 * Cincinnati Bell, Inc............................... 12,226 35,822 Cogent Communications Holdings, Inc................ 2,466 91,390 # Consolidated Communications Holdings, Inc.......... 2,820 65,650 # Frontier Communications Corp....................... 75,159 504,693 * General Communication, Inc. Class A................ 2,200 32,296 * Hawaiian Telcom Holdco, Inc........................ 633 16,477 IDT Corp. Class B.................................. 2,014 43,019 Inteliquent, Inc................................... 2,921 49,131 #* Intelsat SA........................................ 2,158 33,988 #* Iridium Communications, Inc........................ 3,706 31,538 * Level 3 Communications, Inc........................ 9,027 449,003 Lumos Networks Corp................................ 1,900 30,457 # NTELOS Holdings Corp............................... 502 2,058 * ORBCOMM, Inc....................................... 2,700 15,012 * Premiere Global Services, Inc...................... 3,346 29,579 * SBA Communications Corp. Class A................... 5,201 606,957 Shenandoah Telecommunications Co................... 2,317 68,838 Spok Holdings, Inc................................. 810 13,867 #* Sprint Corp........................................ 19,389 83,373 #* Straight Path Communications, Inc. Class B......... 422 8,094 #* T-Mobile US, Inc................................... 3,521 106,264 Telephone & Data Systems, Inc...................... 6,089 141,569 #* United States Cellular Corp........................ 1,091 37,956 Verizon Communications, Inc........................ 78,613 3,593,400 * Vonage Holdings Corp............................... 14,064 59,069 Windstream Holdings, Inc........................... 38,113 302,998 ----------- Total Telecommunication Services....................... 13,139,580 ----------- Utilities -- (3.2%) AES Corp........................................... 14,854 181,516 AGL Resources, Inc................................. 4,247 239,446 ALLETE, Inc........................................ 2,318 131,315 Alliant Energy Corp................................ 2,236 153,412 Ameren Corp........................................ 3,400 153,952 American Electric Power Co., Inc................... 6,663 418,503 American States Water Co........................... 1,600 63,424 American Water Works Co., Inc...................... 2,782 156,182 # Aqua America, Inc.................................. 7,028 190,107 # Artesian Resources Corp. Class A................... 200 4,430 Atmos Energy Corp.................................. 3,068 174,600 # Avista Corp........................................ 2,523 93,679 Black Hills Corp................................... 2,420 121,387 1033 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Utilities -- (Continued) * Cadiz, Inc......................................... 200 $ 1,932 California Water Service Group..................... 1,750 42,945 * Calpine Corp....................................... 13,700 286,056 CenterPoint Energy, Inc............................ 5,850 135,077 # Chesapeake Utilities Corp.......................... 980 47,785 Cleco Corp......................................... 2,137 116,167 CMS Energy Corp.................................... 6,302 237,774 Connecticut Water Service, Inc..................... 367 13,197 # Consolidated Edison, Inc........................... 4,300 297,904 # Consolidated Water Co., Ltd........................ 163 1,769 # Delta Natural Gas Co., Inc......................... 149 3,163 Dominion Resources, Inc............................ 8,835 679,323 DTE Energy Co...................................... 3,343 299,733 Duke Energy Corp................................... 7,539 656,949 * Dynegy, Inc........................................ 3,594 98,188 Edison International............................... 5,000 340,750 El Paso Electric Co................................ 2,120 84,927 Empire District Electric Co. (The)................. 2,410 73,433 Entergy Corp....................................... 3,142 274,956 Exelon Corp........................................ 13,271 478,287 FirstEnergy Corp................................... 9,456 381,361 Gas Natural, Inc................................... 400 3,900 # Genie Energy, Ltd. Class B......................... 400 2,508 Great Plains Energy, Inc........................... 7,530 222,662 Hawaiian Electric Industries, Inc.................. 4,762 163,337 # IDACORP, Inc....................................... 2,000 135,820 Integrys Energy Group, Inc......................... 2,881 233,649 ITC Holdings Corp.................................. 9,612 408,895 # Laclede Group, Inc. (The).......................... 2,894 155,581 MDU Resources Group, Inc........................... 8,818 199,375 # MGE Energy, Inc.................................... 1,800 82,620 # Middlesex Water Co................................. 700 15,309 # National Fuel Gas Co............................... 2,149 136,311 New Jersey Resources Corp.......................... 2,300 146,924 NextEra Energy, Inc................................ 5,400 589,896 NiSource, Inc...................................... 6,820 295,033 # Northeast Utilities................................ 6,199 344,540 # Northwest Natural Gas Co........................... 1,120 55,899 # NorthWestern Corp.................................. 1,317 76,070 NRG Energy, Inc.................................... 10,746 264,996 # NRG Yield, Inc. Class A............................ 1,474 77,945 OGE Energy Corp.................................... 3,114 109,551 # ONE Gas, Inc....................................... 2,102 92,887 Ormat Technologies, Inc............................ 3,261 87,232 # Otter Tail Corp.................................... 1,233 38,124 Pepco Holdings, Inc................................ 5,707 156,657 PG&E Corp.......................................... 6,401 376,443 Piedmont Natural Gas Co., Inc...................... 4,846 193,307 Pinnacle West Capital Corp......................... 2,400 168,432 PNM Resources, Inc................................. 4,132 126,026 # Portland General Electric Co....................... 4,694 186,352 PPL Corp........................................... 6,348 225,354 Public Service Enterprise Group, Inc............... 4,700 200,596 1034 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Utilities -- (Continued) Questar Corp...................................... 10,601 $ 275,096 # SCANA Corp........................................ 2,331 148,648 Sempra Energy..................................... 2,946 329,716 # SJW Corp.......................................... 1,206 40,727 South Jersey Industries, Inc...................... 2,425 141,256 Southern Co. (The)................................ 5,904 299,451 Southwest Gas Corp................................ 2,561 157,399 # TECO Energy, Inc.................................. 9,779 208,586 UGI Corp.......................................... 11,217 414,917 UIL Holdings Corp................................. 1,864 85,744 Unitil Corp....................................... 600 22,416 Vectren Corp...................................... 3,933 188,469 # Westar Energy, Inc................................ 5,595 239,018 # WGL Holdings, Inc................................. 1,801 101,757 # Wisconsin Energy Corp............................. 4,200 234,234 Xcel Energy, Inc.................................. 4,400 165,132 # York Water Co..................................... 300 7,101 ------------ Total Utilities......................................... 15,265,527 ------------ TOTAL COMMON STOCKS..................................... 433,631,417 ------------ RIGHTS/WARRANTS -- (0.0%) o* Community Health Systems, Inc. Rights 01/04/16.... 11,318 305 o* Furiex Pharmaceuticals Contingent Value Rights.... 175 1,710 o* Leap Wireless International, Inc. Contingent Value Rights.................................... 1,800 4,536 o#* Magnum Hunter Resources Corp. Warrants 04/15/16... 358 -- o* Providence Service Corp. (The) Rights 02/05/2015.. 30 -- o* Safeway Casa Ley Contingent Value Rights.......... 10,882 11,044 o* Safeway PDC, LLC Contingent Value Rights.......... 10,882 531 o* Southern Community Financial Corp. Contingent Value Rights.................................... 300 278 TOTAL RIGHTS/WARRANTS................................... 18,404 ------------ TEMPORARY CASH INVESTMENTS -- (0.6%) State Street Institutional Liquid Reserves, 0.089%............................... 2,751,319 2,751,319 ------------ SECURITIES LENDING COLLATERAL -- (8.8%) (S)@ DFA Short Term Investment Fund.................... 3,641,062 42,127,091 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $353,024,371)^^................................. $478,528,231 ============ 1035 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary........ $ 66,767,591 -- -- $ 66,767,591 Consumer Staples.............. 33,899,997 -- -- 33,899,997 Energy........................ 33,410,392 -- -- 33,410,392 Financials.................... 59,636,103 -- -- 59,636,103 Health Care................... 53,635,888 -- -- 53,635,888 Industrials................... 56,314,091 -- -- 56,314,091 Information Technology........ 80,796,496 -- -- 80,796,496 Materials..................... 20,445,931 -- -- 20,445,931 Real Estate Investment Trusts..................... 319,821 -- -- 319,821 Telecommunication Services.................... 13,139,580 -- -- 13,139,580 Utilities..................... 15,265,527 -- -- 15,265,527 Rights/Warrants.................. -- $ 18,404 -- 18,404 Temporary Cash Investments....... 2,751,319 -- -- 2,751,319 Securities Lending Collateral..................... -- 42,127,091 -- 42,127,091 ------------ ----------- -- ------------ TOTAL............................ $436,382,736 $42,145,495 -- $478,528,231 ============ =========== == ============ 1036 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (94.0%) AUSTRALIA -- (5.0%) Adelaide Brighton, Ltd............................. 17,121 $ 47,448 AGL Energy, Ltd.................................... 15,505 171,403 ALS, Ltd........................................... 19,162 72,354 * Alumina, Ltd....................................... 115,807 173,341 Amalgamated Holdings, Ltd.......................... 2,408 21,993 # Amcom Telecommunications, Ltd...................... 10,489 23,237 Amcor, Ltd......................................... 32,384 320,058 AMP, Ltd........................................... 115,894 516,843 Ansell, Ltd........................................ 7,476 131,224 AP Eagers, Ltd..................................... 1,880 9,045 # APA Group.......................................... 43,755 275,821 * APN News & Media, Ltd.............................. 8,067 5,075 #* Aquarius Platinum, Ltd............................. 11,448 2,454 ARB Corp., Ltd..................................... 2,584 23,157 Arrium, Ltd........................................ 76,376 12,053 Asciano, Ltd....................................... 62,339 290,234 ASX, Ltd........................................... 4,482 132,469 # Atlas Iron, Ltd.................................... 28,989 3,788 # Ausdrill, Ltd...................................... 7,076 2,053 * Ausenco, Ltd....................................... 2,832 910 # AusNet Services.................................... 63,278 68,685 Australia & New Zealand Banking Group, Ltd......... 40,877 1,043,486 Australian Pharmaceutical Industries, Ltd.......... 40,511 28,636 Automotive Holdings Group, Ltd..................... 7,271 21,264 * AWE, Ltd........................................... 19,789 20,546 Bank of Queensland, Ltd............................ 9,307 90,155 # BC Iron, Ltd....................................... 2,827 1,006 Beach Energy, Ltd.................................. 67,407 50,184 # Bega Cheese, Ltd................................... 6,210 24,576 # Bendigo and Adelaide Bank, Ltd..................... 28,750 297,736 BHP Billiton, Ltd.................................. 26,760 617,212 # BHP Billiton, Ltd. Sponsored ADR................... 9,527 441,386 * Billabong International, Ltd....................... 38,404 19,146 Blackmores, Ltd.................................... 403 12,651 * BlueScope Steel, Ltd............................... 18,055 69,946 Boral, Ltd......................................... 42,438 183,677 Bradken, Ltd....................................... 7,516 15,852 Brambles, Ltd...................................... 52,863 433,084 # Breville Group, Ltd................................ 3,217 18,045 # Brickworks, Ltd.................................... 2,934 27,658 # Cabcharge Australia, Ltd........................... 4,103 13,800 Caltex Australia, Ltd.............................. 8,710 225,417 # Cardno, Ltd........................................ 7,791 17,794 # carsales.com, Ltd.................................. 7,769 61,863 Cash Converters International, Ltd................. 25,015 21,489 Cedar Woods Properties, Ltd........................ 2,172 9,805 * Coal of Africa, Ltd................................ 2,428 66 Coca-Cola Amatil, Ltd.............................. 18,161 136,314 # Cochlear, Ltd...................................... 2,129 136,838 Computershare, Ltd................................. 10,400 93,444 Crown Resorts, Ltd................................. 5,061 53,177 1037 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRALIA -- (Continued) CSL, Ltd........................................... 4,818 $ 327,882 CSR, Ltd........................................... 19,181 59,249 Decmil Group, Ltd.................................. 10,092 9,792 # Domino's Pizza Enterprises, Ltd.................... 1,619 32,731 Downer EDI, Ltd.................................... 25,131 81,598 * Drillsearch Energy, Ltd............................ 23,451 14,132 DuluxGroup, Ltd.................................... 21,206 98,229 Echo Entertainment Group, Ltd...................... 15,328 47,893 #* Emeco Holdings, Ltd................................ 18,108 1,690 * Energy Resources of Australia, Ltd................. 5,657 5,743 # Equity Trustees, Ltd............................... 700 10,864 # Evolution Mining, Ltd.............................. 15,680 11,283 Fairfax Media, Ltd................................. 78,167 54,375 # Flight Centre Travel Group, Ltd.................... 1,293 37,744 # Fortescue Metals Group, Ltd........................ 26,214 47,534 # GrainCorp, Ltd. Class A............................ 8,657 59,755 # GUD Holdings, Ltd.................................. 7,446 45,287 * Gunns, Ltd......................................... 26,718 -- # GWA Group, Ltd..................................... 8,700 17,816 # Harvey Norman Holdings, Ltd........................ 14,320 43,737 Hills, Ltd......................................... 5,399 4,531 * Horizon Oil, Ltd................................... 50,760 4,928 # iiNET, Ltd......................................... 7,010 40,684 Iluka Resources, Ltd............................... 10,569 57,397 * Imdex, Ltd......................................... 11,826 2,715 IMF Bentham, Ltd................................... 7,011 11,705 Incitec Pivot, Ltd................................. 78,041 217,666 Independence Group NL.............................. 9,079 34,958 * Infigen Energy..................................... 28,218 5,466 Infomedia, Ltd..................................... 21,693 15,442 Insurance Australia Group, Ltd..................... 59,316 293,836 # Invocare, Ltd...................................... 3,621 36,543 # IOOF Holdings, Ltd................................. 1,869 13,638 James Hardie Industries P.L.C...................... 18,052 181,004 # JB Hi-Fi, Ltd...................................... 2,539 32,912 # Leighton Holdings, Ltd............................. 2,943 46,833 Lend Lease Group................................... 20,727 267,163 # M2 Group, Ltd...................................... 8,392 58,454 * Macmahon Holdings, Ltd............................. 77,872 3,437 Macquarie Atlas Roads Group........................ 5,778 13,178 Macquarie Group, Ltd............................... 10,886 526,716 Magellan Financial Group, Ltd...................... 2,312 34,059 * Mayne Pharma Group, Ltd............................ 35,704 17,306 McPherson's, Ltd................................... 5,484 5,065 # Metcash, Ltd....................................... 40,087 45,254 # Mineral Resources, Ltd............................. 7,657 39,663 # Monadelphous Group, Ltd............................ 2,454 15,458 Mount Gibson Iron, Ltd............................. 33,294 5,483 # Myer Holdings, Ltd................................. 19,907 23,979 National Australia Bank, Ltd....................... 47,894 1,320,841 Navitas, Ltd....................................... 9,213 38,067 New Hope Corp., Ltd................................ 4,695 8,554 * Newcrest Mining, Ltd............................... 21,613 233,366 1038 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- AUSTRALIA -- (Continued) # NIB Holdings, Ltd.................................. 20,748 $ 53,272 Northern Star Resources, Ltd....................... 23,514 34,019 # NRW Holdings, Ltd.................................. 1,833 404 Nufarm, Ltd........................................ 10,498 46,131 Oil Search, Ltd.................................... 19,858 119,501 Orica, Ltd......................................... 10,007 140,466 Origin Energy, Ltd................................. 40,702 335,866 Orora, Ltd......................................... 17,823 29,330 OZ Minerals, Ltd................................... 8,864 26,477 Pacific Brands, Ltd................................ 11,725 4,448 #* Paladin Energy, Ltd................................ 41,883 12,247 PanAust, Ltd....................................... 20,455 19,095 Panoramic Resources, Ltd........................... 2,242 785 Peet, Ltd.......................................... 8,746 7,048 Perpetual, Ltd..................................... 241 9,144 #* Perseus Mining, Ltd................................ 15,258 4,355 Platinum Asset Management, Ltd..................... 10,020 67,346 Premier Investments, Ltd........................... 5,059 40,198 Primary Health Care, Ltd........................... 16,607 59,478 Prime Media Group, Ltd............................. 500 313 Programmed Maintenance Services, Ltd............... 4,628 7,795 * Qantas Airways, Ltd................................ 56,847 114,551 QBE Insurance Group, Ltd........................... 9,534 78,159 * Ramelius Resources, Ltd............................ 11,028 1,183 Ramsay Health Care, Ltd............................ 1,882 86,607 RCR Tomlinson, Ltd................................. 8,195 13,074 REA Group, Ltd..................................... 1,149 43,952 Recall Holdings, Ltd............................... 3,241 17,951 #* Regis Resources, Ltd............................... 6,914 10,408 * Resolute Mining, Ltd............................... 19,030 5,711 # Retail Food Group, Ltd............................. 6,440 30,773 Rio Tinto, Ltd..................................... 4,215 187,955 SAI Global, Ltd.................................... 7,061 21,460 Sandfire Resources NL.............................. 6,712 22,143 Santos, Ltd........................................ 36,676 223,284 * Saracen Mineral Holdings, Ltd...................... 69,740 20,264 #* Senex Energy, Ltd.................................. 26,881 5,739 # Seven Group Holdings, Ltd.......................... 1,365 5,410 Seven West Media, Ltd.............................. 34,700 35,172 * Silex Systems, Ltd................................. 1,748 716 * Silver Lake Resources, Ltd......................... 2,487 454 # Sims Metal Management, Ltd......................... 12,157 102,277 Sims Metal Management, Ltd. Sponsored ADR.......... 819 6,850 Slater & Gordon, Ltd............................... 7,080 36,335 # SMS Management & Technology, Ltd................... 9,090 25,418 Sonic Healthcare, Ltd.............................. 7,234 105,610 # Southern Cross Media Group, Ltd.................... 4,361 3,548 Spark Infrastructure Group......................... 50,829 84,168 #* St Barbara, Ltd.................................... 15,052 2,515 STW Communications Group, Ltd...................... 25,450 18,101 Suncorp Group, Ltd................................. 34,571 393,895 #* Sundance Energy Australia, Ltd..................... 25,130 9,048 # Super Retail Group, Ltd............................ 3,025 20,416 1039 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- AUSTRALIA -- (Continued) Sydney Airport..................................... 19,553 $ 75,557 Tassal Group, Ltd.................................. 9,649 28,181 Tatts Group, Ltd................................... 52,580 157,357 Technology One, Ltd................................ 10,734 27,570 # Telstra Corp., Ltd................................. 90,691 457,444 * Ten Network Holdings, Ltd.......................... 46,073 7,115 # TFS Corp., Ltd..................................... 2,886 3,288 * Tiger Resources, Ltd............................... 28,928 1,090 Toll Holdings, Ltd................................. 13,954 66,728 Tox Free Solutions, Ltd............................ 9,194 20,770 TPG Telecom, Ltd................................... 17,780 91,959 * Transfield Services, Ltd........................... 16,298 17,845 # Transpacific Industries Group, Ltd................. 22,650 14,490 Transurban Group................................... 30,910 221,056 Treasury Wine Estates, Ltd......................... 25,027 95,148 # UGL, Ltd........................................... 3,425 4,755 UXC, Ltd........................................... 25,057 14,482 # Village Roadshow, Ltd.............................. 3,334 15,728 * Virgin Australia Holdings, Ltd..................... 53,802 19,629 Wesfarmers, Ltd.................................... 22,606 763,583 Western Areas, Ltd................................. 11,117 34,439 Westpac Banking Corp............................... 9,473 253,176 Westpac Banking Corp. Sponsored ADR................ 13,460 360,055 #* Whitehaven Coal, Ltd............................... 5,539 5,289 Woodside Petroleum, Ltd............................ 28,350 752,947 Woolworths, Ltd.................................... 32,428 798,012 WorleyParsons, Ltd................................. 4,344 32,320 ----------- TOTAL AUSTRALIA........................................ 18,244,411 ----------- AUSTRIA -- (0.4%) Agrana Beteiligungs AG............................. 20 1,581 Andritz AG......................................... 4,378 236,987 Atrium European Real Estate, Ltd................... 80 373 Austria Technologie & Systemtechnik AG............. 919 11,917 BUWOG AG........................................... 916 17,890 # CA Immobilien Anlagen AG........................... 188 3,808 # Conwert Immobilien Invest SE....................... 2,303 26,797 DO & CO AG......................................... 185 13,910 Erste Group Bank AG................................ 13,887 300,642 EVN AG............................................. 995 11,003 # Flughafen Wien AG.................................. 12 1,043 * IMMOFINANZ AG...................................... 11,977 27,369 Lenzing AG......................................... 689 44,686 Mayr Melnhof Karton AG............................. 425 43,864 Oesterreichische Post AG........................... 1,188 58,888 OMV AG............................................. 5,134 127,636 Palfinger AG....................................... 699 18,324 # Raiffeisen Bank International AG................... 322 3,763 Rosenbauer International AG........................ 124 9,423 S IMMO AG.......................................... 1,401 10,844 Schoeller-Bleckmann Oilfield Equipment AG.......... 340 20,111 Semperit AG Holding................................ 381 16,824 Strabag SE......................................... 447 9,905 1040 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRIA -- (Continued) UNIQA Insurance Group AG........................... 3,890 $ 32,926 Verbund AG......................................... 5,476 95,845 Vienna Insurance Group AG Wiener Versicherung Gruppe........................................... 1,109 47,069 Voestalpine AG..................................... 7,238 257,763 Zumtobel Group AG.................................. 1,484 34,051 ---------- TOTAL AUSTRIA.......................................... 1,485,242 ---------- BELGIUM -- (1.4%) * Ablynx NV.......................................... 1,745 20,580 Ackermans & van Haaren NV.......................... 1,249 148,446 Ageas.............................................. 7,781 266,451 * AGFA-Gevaert NV.................................... 7,268 16,977 Anheuser-Busch InBev NV............................ 9,765 1,190,999 Anheuser-Busch InBev NV Sponsored ADR.............. 4,320 527,342 Banque Nationale de Belgique....................... 8 31,556 Barco NV........................................... 191 12,293 Belgacom SA........................................ 7,680 286,036 Cie d'Entreprises CFE.............................. 624 59,417 Colruyt SA......................................... 1,026 47,322 D'ieteren SA....................................... 646 20,859 Deceuninck NV...................................... 4,912 10,160 Delhaize Group SA.................................. 4,921 409,360 Delhaize Group SA Sponsored ADR.................... 8,036 166,265 Econocom Group..................................... 2,683 21,968 Elia System Operator SA............................ 1,281 56,259 # EVS Broadcast Equipment SA......................... 396 13,355 Exmar NV........................................... 1,452 12,792 Fagron............................................. 1,195 48,790 * KBC Groep NV....................................... 11,094 596,691 Kinepolis Group NV................................. 1,425 62,560 Lotus Bakeries..................................... 11 13,201 Melexis NV......................................... 824 41,245 * Mobistar SA........................................ 1,155 25,667 NV Bekaert SA...................................... 1,463 44,155 #* Nyrstar NV......................................... 14,290 53,724 Recticel SA........................................ 1,539 8,888 Sioen Industries NV................................ 344 4,970 Sipef SA........................................... 152 8,891 # Solvay SA.......................................... 1,975 270,015 * Telenet Group Holding NV........................... 2,429 135,083 * Tessenderlo Chemie NV.............................. 1,902 49,229 #* ThromboGenics NV................................... 1,084 8,496 UCB SA............................................. 1,537 119,484 Umicore SA......................................... 7,209 301,920 Van de Velde NV.................................... 285 15,503 ---------- TOTAL BELGIUM.......................................... 5,126,949 ---------- CANADA -- (8.0%) * 5N Plus, Inc....................................... 1,597 2,865 Absolute Software Corp............................. 3,100 21,468 * Advantage Oil & Gas, Ltd........................... 10,330 43,330 Aecon Group, Inc................................... 3,664 28,258 1041 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) # AG Growth International, Inc....................... 900 $ 38,317 AGF Management, Ltd. Class B....................... 4,402 24,942 Agnico Eagle Mines, Ltd.(008474108)................ 1,200 40,464 Agnico Eagle Mines, Ltd.(2009823).................. 3,798 128,045 Agrium, Inc.(008916108)............................ 3,206 341,920 Agrium, Inc.(2213538).............................. 700 74,682 AGT Food & Ingredient, Inc......................... 1,700 37,527 Aimia, Inc......................................... 4,823 51,733 * Air Canada......................................... 1,400 12,946 Alacer Gold Corp................................... 5,702 13,372 Alamos Gold, Inc.(2411707)......................... 2,800 14,940 * Alamos Gold, Inc.(011527108)....................... 3,100 16,430 Algonquin Power & Utilities Corp................... 9,700 77,252 Alimentation Couche Tard, Inc. Class B............. 7,070 277,025 # AltaGas, Ltd....................................... 5,200 175,720 # Altus Group, Ltd................................... 1,300 19,223 #* Amaya, Inc......................................... 1,783 46,192 # ARC Resources, Ltd................................. 13,160 238,199 #* Argonaut Gold, Inc................................. 4,400 8,587 Atco, Ltd. Class I................................. 2,000 77,422 #* Athabasca Oil Corp................................. 10,900 15,955 * ATS Automation Tooling Systems, Inc................ 3,050 34,804 AuRico Gold, Inc.(05155C105)....................... 800 3,152 AuRico Gold, Inc.(2287317)......................... 14,325 56,479 AutoCanada, Inc.................................... 600 15,289 #* Avigilon Corp...................................... 1,000 15,228 * B2Gold Corp........................................ 29,644 58,322 # Badger Daylighting, Ltd............................ 1,600 28,457 #* Ballard Power Systems, Inc......................... 10,800 16,914 # Bank of Montreal(2076009).......................... 9,363 537,376 Bank of Montreal(063671101)........................ 1,698 97,601 Bank of Nova Scotia................................ 10,879 522,760 Bank of Nova Scotia (The).......................... 3,193 153,392 * Bankers Petroleum, Ltd............................. 11,300 25,967 Barrick Gold Corp.(067901108)...................... 15,492 197,988 Barrick Gold Corp.(2024644)........................ 11,539 147,563 # Baytex Energy Corp.(B4VGVM3)....................... 821 12,741 Baytex Energy Corp.(07317Q105)..................... 1,700 26,588 # BCE, Inc.(B188TH2)................................. 4,314 198,131 BCE, Inc.(05534B760)............................... 5,779 265,545 * Bellatrix Exploration, Ltd.(B580BW5)............... 6,232 12,604 * Bellatrix Exploration, Ltd.(078314101)............. 3,101 6,295 #* Birchcliff Energy, Ltd............................. 4,500 24,081 # Bird Construction, Inc............................. 1,100 9,618 # Black Diamond Group, Ltd........................... 1,100 8,752 #* BlackBerry, Ltd.(09228F103)........................ 7,501 76,135 #* BlackBerry, Ltd.(BCBHZ31).......................... 3,974 40,375 #* BlackPearl Resources, Inc.......................... 23,979 17,361 * BNK Petroleum, Inc................................. 16,600 3,723 # Bombardier, Inc. Class A........................... 4,700 11,133 # Bombardier, Inc. Class B........................... 22,025 50,266 # Bonavista Energy Corp.............................. 11,800 55,717 # Bonterra Energy Corp............................... 1,943 60,781 1042 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Boralex, Inc. Class A.............................. 2,500 $ 26,777 Brookfield Asset Management, Inc. Class A.......... 12,209 622,124 #* Brookfield Residential Properties, Inc............. 1,398 33,720 #* BRP, Inc........................................... 1,100 18,958 CAE, Inc.(2162760)................................. 3,208 39,510 CAE, Inc.(124765108)............................... 3,298 40,697 Calfrac Well Services, Ltd......................... 3,616 23,221 Canaccord Genuity Group, Inc....................... 6,570 32,987 # Canadian Energy Services & Technology Corp......... 5,109 21,591 Canadian Imperial Bank of Commerce(136069101)...... 4,303 298,714 Canadian Imperial Bank of Commerce(2170525)........ 4,415 306,378 Canadian National Railway Co....................... 8,192 540,508 Canadian Pacific Railway, Ltd...................... 1,699 296,764 # Canadian Tire Corp., Ltd. Class A.................. 4,199 387,252 Canadian Western Bank.............................. 3,600 73,009 Canam Group, Inc. Class A.......................... 3,700 32,466 CanElson Drilling, Inc............................. 3,300 8,388 # Canexus Corp....................................... 3,600 6,714 * Canfor Corp........................................ 5,114 127,780 Canfor Pulp Products, Inc.......................... 779 9,656 Canyon Services Group, Inc......................... 2,800 15,535 Capital Power Corp................................. 3,541 70,474 # Capstone Infrastructure Corp....................... 2,119 5,620 * Capstone Mining Corp............................... 19,300 17,619 Cascades, Inc...................................... 2,800 17,298 CCL Industries, Inc. Class B....................... 1,615 166,940 * Celestica, Inc..................................... 3,495 39,166 Cenovus Energy, Inc.(15135U109).................... 9,367 176,943 Cenovus Energy, Inc.(B57FG04)...................... 4,841 91,700 Centerra Gold, Inc................................. 4,100 24,586 #* Cequence Energy, Ltd............................... 4,200 2,876 * CGI Group, Inc. Class A............................ 7,506 297,238 * China Gold International Resources Corp., Ltd...... 1,985 3,390 # CI Financial Corp.................................. 4,200 107,091 # Cineplex, Inc...................................... 1,935 68,815 Clearwater Seafoods, Inc........................... 1,100 12,067 # Cogeco Cable, Inc.................................. 1,000 57,449 Cogeco, Inc........................................ 529 24,770 COM DEV International, Ltd......................... 7,300 22,175 Computer Modelling Group, Ltd...................... 3,876 33,492 Constellation Software, Inc........................ 535 148,240 #* Copper Mountain Mining Corp........................ 14,100 10,985 # Corus Entertainment, Inc. Class B.................. 3,705 62,892 Cott Corp.......................................... 1,772 13,471 Crescent Point Energy Corp.(22576C101)............. 6,394 151,794 # Crescent Point Energy Corp.(B67C8W8)............... 1,400 33,273 * Crew Energy, Inc................................... 7,003 28,823 * DeeThree Exploration, Ltd.......................... 3,900 16,973 * Delphi Energy Corp................................. 4,200 3,867 #* Denison Mines Corp................................. 9,271 7,953 * Descartes Systems Group, Inc. (The)................ 4,200 64,155 DH Corp............................................ 3,000 83,788 Dollarama, Inc..................................... 2,800 132,982 1043 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * Dominion Diamond Corp.............................. 1,359 $ 22,577 Dorel Industries, Inc. Class B..................... 1,700 48,711 * Dundee Precious Metals, Inc........................ 3,100 8,734 Eldorado Gold Corp................................. 43,299 207,857 # Emera, Inc......................................... 1,500 49,083 Empire Co., Ltd.................................... 1,200 87,353 # Enbridge Income Fund Holdings, Inc................. 2,500 80,999 Enbridge, Inc.(29250N105).......................... 6,030 292,033 Enbridge, Inc.(2466149)............................ 7,312 354,178 Encana Corp.(292505104)............................ 27,890 341,374 Encana Corp.(2793193).............................. 7,156 87,514 * Endeavour Mining Corp.............................. 27,284 12,883 * Endeavour Silver Corp.............................. 3,000 8,240 # EnerCare, Inc...................................... 2,749 30,915 Enerflex, Ltd...................................... 2,665 33,556 #* Energy Fuels, Inc.................................. 205 931 Enerplus Corp.(292766102).......................... 7,797 76,411 # Enerplus Corp.(B584T89)............................ 3,304 32,060 Enghouse Systems, Ltd.............................. 800 25,491 Ensign Energy Services, Inc........................ 3,200 22,186 Equitable Group, Inc............................... 1,300 56,677 * Essential Energy Services Trust.................... 12,100 12,474 Evertz Technologies, Ltd........................... 300 4,309 # Exchange Income Corp............................... 500 8,708 # Extendicare, Inc................................... 4,400 23,615 Fairfax Financial Holdings, Ltd.................... 800 424,963 Fiera Capital Corp................................. 1,000 9,758 Finning International, Inc......................... 8,896 146,668 First Capital Realty, Inc.......................... 4,886 75,057 #* First Majestic Silver Corp.(2833583)............... 2,300 14,209 * First Majestic Silver Corp.(32076V103)............. 1,500 9,285 First Quantum Minerals, Ltd........................ 16,539 150,850 FirstService Corp.(33761N109)...................... 216 11,312 FirstService Corp.(2350231)........................ 900 47,348 # Fortis, Inc........................................ 3,500 115,436 * Fortuna Silver Mines, Inc.......................... 6,100 29,571 # Gamehost, Inc...................................... 900 9,137 # Genworth MI Canada, Inc............................ 2,636 65,594 George Weston, Ltd................................. 1,800 142,674 Gibson Energy, Inc................................. 6,045 107,561 Gildan Activewear, Inc.(375916103)................. 1,198 69,927 Gildan Activewear, Inc.(2254645)................... 675 39,405 Gluskin Sheff + Associates, Inc.................... 1,900 39,594 GMP Capital, Inc................................... 1,837 7,590 Goldcorp, Inc.(380956409).......................... 5,976 143,603 Goldcorp, Inc.(2676302)............................ 4,500 108,684 #* Golden Star Resources, Ltd......................... 2,800 881 * Gran Tierra Energy, Inc............................ 12,376 26,784 * Great Canadian Gaming Corp......................... 4,400 68,388 Great-West Lifeco, Inc............................. 4,500 114,067 * Heroux-Devtek, Inc................................. 2,177 19,359 High Liner Foods, Inc.............................. 1,530 27,152 Home Capital Group, Inc............................ 1,800 59,495 1044 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) # Horizon North Logistics, Inc....................... 2,100 $ 3,570 HudBay Minerals, Inc.(B05BDX1)..................... 6,400 46,588 HudBay Minerals, Inc.(B05BQ98)..................... 1,400 10,010 Hudson's Bay Co.................................... 2,700 49,763 Husky Energy, Inc.................................. 7,910 170,251 * IAMGOLD Corp.(450913108)........................... 6,499 17,352 * IAMGOLD Corp.(2446646)............................. 8,500 22,743 # IGM Financial, Inc................................. 2,100 72,071 * Imax Corp.(45245E109).............................. 1,005 33,497 #* Imax Corp.(2014258)................................ 1,600 53,328 #* Imperial Metals Corp............................... 3,800 26,765 Imperial Oil, Ltd.(453038408)...................... 3,399 126,137 Imperial Oil, Ltd.(2454241)........................ 1,900 70,635 * Indigo Books & Music, Inc.......................... 1,191 9,860 # Industrial Alliance Insurance & Financial Services, Inc.................................... 3,142 100,044 # Innergex Renewable Energy, Inc..................... 4,300 40,337 Intact Financial Corp.............................. 1,400 93,561 # Inter Pipeline, Ltd................................ 5,363 139,446 * Interfor Corp...................................... 3,400 59,400 Intertape Polymer Group, Inc....................... 3,000 44,267 #* Ithaca Energy, Inc................................. 10,634 10,126 #* Ivanhoe Energy, Inc................................ 403 149 Jean Coutu Group PJC, Inc. (The) Class A........... 3,100 62,185 Just Energy Group, Inc.(B693818)................... 3,797 19,213 # Just Energy Group, Inc.(B63MCN1)................... 2,638 13,390 K-Bro Linen, Inc................................... 600 22,736 * Katanga Mining, Ltd................................ 20,369 4,969 * Kelt Exploration, Ltd.............................. 600 2,975 Keyera Corp........................................ 1,400 82,632 # Killam Properties, Inc............................. 2,800 24,481 * Kinross Gold Corp.(496902404)...................... 13,576 46,023 * Kinross Gold Corp.(B03Z841)........................ 13,785 46,756 #* Kirkland Lake Gold, Inc............................ 1,200 4,259 #* Knight Therapeutics, Inc........................... 200 1,276 #* Lake Shore Gold Corp............................... 9,481 8,506 Laurentian Bank of Canada.......................... 1,244 45,826 #* Legacy Oil + Gas, Inc.............................. 8,295 10,053 # Leisureworld Senior Care Corp...................... 1,738 19,655 Leon's Furniture, Ltd.............................. 536 8,078 * Leucrotta Exploration, Inc......................... 9,200 6,878 # Lightstream Resources, Ltd......................... 8,461 5,060 Linamar Corp....................................... 3,357 192,300 Liquor Stores N.A., Ltd............................ 1,033 12,454 Loblaw Cos., Ltd................................... 4,061 201,748 # Long Run Exploration, Ltd.......................... 10,201 8,510 Lucara Diamond Corp................................ 11,400 18,840 * Lundin Mining Corp................................. 29,100 103,511 MacDonald Dettwiler & Associates, Ltd.............. 1,843 135,379 Magna International, Inc.(559222401)............... 500 48,010 Magna International, Inc.(2554475)................. 3,300 317,067 * Mainstreet Equity Corp............................. 540 14,385 Major Drilling Group International, Inc............ 6,000 32,108 # Manitoba Telecom Services, Inc..................... 1,300 26,241 1045 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Manulife Financial Corp.(56501R106)................ 12,466 $200,453 Manulife Financial Corp.(2492519).................. 19,166 307,392 Maple Leaf Foods, Inc.............................. 4,392 70,441 Martinrea International, Inc....................... 4,814 35,725 Medical Facilities Corp............................ 1,300 20,042 * MEG Energy Corp.................................... 4,900 74,732 Methanex Corp.(59151K108).......................... 3,711 163,655 Methanex Corp.(2654416)............................ 2,100 92,812 Metro, Inc......................................... 2,891 228,786 * Migao Corp......................................... 3,700 2,854 * Mitel Networks Corp................................ 3,400 30,235 Morneau Shepell, Inc............................... 2,791 37,603 # MTY Food Group, Inc................................ 300 8,244 # Mullen Group, Ltd.................................. 4,289 68,822 National Bank of Canada............................ 12,821 446,066 Nevsun Resources, Ltd.(64156L101).................. 7,157 24,763 Nevsun Resources, Ltd.(2631486).................... 8 28 # New Flyer Industries, Inc.......................... 878 9,480 * New Gold, Inc...................................... 7,300 31,999 Newalta Corp....................................... 2,780 28,988 # Norbord, Inc....................................... 900 20,030 North American Energy Partners, Inc................ 1,900 5,662 #* North American Palladium, Ltd...................... 4,800 812 North West Co., Inc. (The)......................... 2,105 43,998 # Northland Power, Inc............................... 5,800 78,051 * NuVista Energy, Ltd................................ 5,700 32,028 * OceanaGold Corp.................................... 11,653 25,678 Onex Corp.......................................... 2,100 115,271 Open Text Corp..................................... 2,501 141,732 # Pacific Rubiales Energy Corp....................... 13,229 30,712 * Painted Pony Petroleum, Ltd........................ 4,040 21,842 * Paramount Resources, Ltd. Class A.................. 1,800 40,386 * Parex Resources, Inc............................... 2,921 15,815 # Parkland Fuel Corp................................. 4,800 82,688 Pason Systems, Inc................................. 3,901 54,983 Pembina Pipeline Corp.(B4PPQG5).................... 5,414 168,105 # Pembina Pipeline Corp.(B4PT2P8).................... 2,820 87,616 # Pengrowth Energy Corp.............................. 18,588 49,736 # Penn West Petroleum, Ltd.(B63FY34)................. 12,096 18,277 Penn West Petroleum, Ltd.(707887105)............... 14,206 21,167 * Performance Sports Group, Ltd...................... 1,693 31,550 # Peyto Exploration & Development Corp............... 2,442 61,695 # PHX Energy Services Corp........................... 2,100 10,296 * Pilot Gold, Inc.................................... 325 286 * Poseidon Concepts Corp............................. 6,629 2 Potash Corp. of Saskatchewan, Inc.(73755L107)...... 9,259 338,324 Potash Corp. of Saskatchewan, Inc.(2696980)........ 5,737 208,856 Precision Drilling Corp.(B5YPLH9).................. 4,434 22,646 Precision Drilling Corp.(74022D308)................ 6,321 32,237 # Premium Brands Holdings Corp....................... 1,600 30,837 #* Primero Mining Corp................................ 7,744 31,081 Progressive Waste Solutions, Ltd.(B3DJGB7)......... 3,633 103,669 Progressive Waste Solutions, Ltd.(74339G101)....... 2,998 85,503 1046 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Quebecor, Inc. Class B............................. 2,400 $ 60,156 * Questerre Energy Corp. Class A..................... 7,500 1,741 Reitmans Canada, Ltd. Class A...................... 700 4,462 * Restaurant Brands International, Inc............... 1,066 41,313 Richelieu Hardware, Ltd............................ 1,151 53,660 # Ritchie Bros Auctioneers, Inc...................... 1,800 45,117 * RMP Energy, Inc.................................... 7,100 24,194 Rogers Communications, Inc. Class B................ 12,677 451,682 # Rogers Sugar, Inc.................................. 9,000 32,368 RONA, Inc.......................................... 2,096 21,097 Royal Bank of Canada(2754383)...................... 12,404 700,294 Royal Bank of Canada(780087102).................... 8,488 480,336 Russel Metals, Inc................................. 2,600 47,920 #* Sandstorm Gold, Ltd................................ 3,900 15,714 * Sandvine Corp...................................... 9,200 23,458 Saputo, Inc........................................ 5,425 156,000 Savanna Energy Services Corp....................... 4,268 7,557 #* Sears Canada, Inc.................................. 100 936 Secure Energy Services, Inc........................ 4,900 56,878 * SEMAFO, Inc........................................ 8,000 28,016 # Shaw Communications, Inc. Class B(2801836)......... 1,951 45,048 Shaw Communications, Inc. Class B(82028K200)....... 5,535 128,080 ShawCor, Ltd....................................... 3,200 87,889 Sherritt International Corp........................ 10,000 16,841 #* Sierra Wireless, Inc............................... 2,595 93,705 * Silver Standard Resources, Inc.(2218458)........... 3,100 19,102 * Silver Standard Resources, Inc.(82823L106)......... 2,600 16,042 Silver Wheaton Corp................................ 4,799 110,233 SNC-Lavalin Group, Inc............................. 2,700 89,348 # Sprott, Inc........................................ 9,600 21,154 # Spyglass Resources Corp............................ 8,600 1,895 Stantec, Inc.(2854238)............................. 1,758 43,234 Stantec, Inc.(85472N109)........................... 2,009 49,341 Stella-Jones, Inc.................................. 1,100 31,406 Stuart Olson, Inc.................................. 1,000 5,068 # Student Transportation, Inc........................ 2,312 12,845 Sun Life Financial, Inc.(866796105)................ 6,797 207,784 # Sun Life Financial, Inc.(2566124).................. 3,599 110,063 Suncor Energy, Inc.(867224107)..................... 12,373 368,839 Suncor Energy, Inc.(B3NB1P2)....................... 18,330 546,712 * SunOpta, Inc....................................... 3,100 32,495 # Superior Plus Corp................................. 5,000 48,005 # Surge Energy, Inc.................................. 10,200 20,630 Talisman Energy, Inc.(87425E103)................... 15,536 116,831 Talisman Energy, Inc.(2068299)..................... 20,500 154,553 * Taseko Mines, Ltd.................................. 5,100 3,652 Teck Resources, Ltd. Class B(878742204)............ 14,231 183,295 Teck Resources, Ltd. Class B(2879327).............. 7,500 97,092 TELUS Corp.(87971M103)............................. 700 24,010 TELUS Corp.(2381093)............................... 4,008 137,490 * Tembec, Inc........................................ 500 1,110 * Teranga Gold Corp.................................. 1,200 595 * Thompson Creek Metals Co., Inc..................... 7,800 9,699 1047 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) Thomson Reuters Corp.(2126067)..................... 2,197 $ 84,365 # Thomson Reuters Corp.(2889371)..................... 3,376 129,546 # TMX Group, Ltd..................................... 800 29,634 TORC Oil & Gas, Ltd................................ 3,600 23,373 Toromont Industries, Ltd........................... 2,500 54,340 # Toronto-Dominion Bank (The)(2897222)............... 18,040 718,363 Toronto-Dominion Bank (The)(891160509)............. 9,111 362,891 Torstar Corp. Class B.............................. 1,400 7,558 Total Energy Services, Inc......................... 1,800 18,486 * Tourmaline Oil Corp................................ 4,275 117,551 TransAlta Corp.(89346D107)......................... 13,246 115,638 TransAlta Corp.(2901628)........................... 4,800 42,005 TransCanada Corp.(2665184)......................... 7,800 347,062 TransCanada Corp.(89353D107)....................... 599 26,644 Transcontinental, Inc. Class A..................... 2,900 34,530 TransForce, Inc.................................... 4,257 96,618 # TransGlobe Energy Corp............................. 3,755 10,934 # Trilogy Energy Corp................................ 2,561 13,100 Trinidad Drilling, Ltd............................. 6,900 23,186 # Twin Butte Energy, Ltd............................. 13,123 7,436 Uni-Select, Inc.................................... 100 2,479 * Valeant Pharmaceuticals International, Inc......... 1,798 287,479 # Valener, Inc....................................... 1,900 25,314 # Veresen, Inc....................................... 6,700 85,259 # Vermilion Energy, Inc.(B607XS1).................... 767 33,784 Vermilion Energy, Inc.(923725105).................. 2,400 105,120 # Wajax Corp......................................... 900 17,176 West Fraser Timber Co., Ltd........................ 3,500 201,015 Western Energy Services Corp....................... 3,100 12,808 Western Forest Products, Inc....................... 13,082 26,561 Westjet Airlines, Ltd.............................. 1,100 26,420 Westshore Terminals Investment Corp................ 2,900 73,031 Whistler Blackcomb Holdings, Inc................... 791 12,437 # Whitecap Resources, Inc............................ 12,186 119,012 Wi-Lan, Inc........................................ 9,000 24,152 Winpak, Ltd........................................ 911 27,100 WSP Global, Inc.................................... 2,100 56,801 * Xtreme Drilling and Coil Services Corp............. 500 649 Yamana Gold, Inc.(2219279)......................... 11,168 46,229 Yamana Gold, Inc.(98462Y100)....................... 10,704 43,993 #* Yellow Pages, Ltd.................................. 1,347 18,625 # Zargon Oil & Gas, Ltd.............................. 1,700 5,271 ----------- TOTAL CANADA........................................... 28,833,882 ----------- CHINA -- (0.0%) * Hanfeng Evergreen, Inc............................. 2,300 234 ----------- DENMARK -- (1.6%) ALK-Abello A.S..................................... 90 10,235 * Alm Brand A.S...................................... 7,943 41,122 # Ambu A.S. Class B.................................. 1,528 32,458 AP Moeller - Maersk A.S. Class A................... 58 113,499 AP Moeller - Maersk A.S. Class B................... 131 264,718 1048 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- DENMARK -- (Continued) * Auriga Industries A.S. Class B..................... 790 $ 37,383 #* Bang & Olufsen A.S................................. 1,307 9,039 Carlsberg A.S. Class B............................. 5,601 411,284 Chr Hansen Holding A.S............................. 4,228 175,694 Coloplast A.S. Class B............................. 1,506 118,711 # D/S Norden A.S..................................... 884 18,283 Danske Bank A.S.................................... 13,524 350,033 Dfds A.S........................................... 369 35,578 DSV A.S............................................ 4,940 155,599 # FLSmidth & Co. A.S................................. 1,482 62,615 * Genmab A.S......................................... 1,512 101,315 GN Store Nord A.S.................................. 7,896 177,012 H Lundbeck A.S..................................... 2,698 54,795 IC Companys A.S.................................... 435 9,328 Jeudan A.S......................................... 126 11,200 NKT Holding A.S.................................... 1,148 58,970 Novo Nordisk A.S. Class B.......................... 27,229 1,213,615 Novo Nordisk A.S. Sponsored ADR.................... 14,665 653,472 Novozymes A.S. Class B............................. 9,111 415,502 Pandora A.S........................................ 3,200 228,760 PER Aarsleff A.S. Class B.......................... 176 39,562 Ringkjoebing Landbobank A.S........................ 186 34,976 * Royal UNIBREW A.S.................................. 426 72,616 Schouw & Co........................................ 1,062 49,286 SimCorp A.S........................................ 500 14,531 Solar A.S. Class B................................. 193 8,525 Spar Nord Bank A.S................................. 5,069 45,704 * Sydbank A.S........................................ 1,413 39,803 TDC A.S............................................ 29,605 219,101 * Topdanmark A.S..................................... 4,158 139,137 Tryg A.S........................................... 393 46,018 # United International Enterprises................... 46 6,897 * Vestas Wind Systems A.S............................ 9,057 351,897 * William Demant Holding A.S......................... 401 30,434 ---------- TOTAL DENMARK.......................................... 5,858,707 ---------- FINLAND -- (1.5%) Ahlstrom Oyj....................................... 715 6,460 Alma Media Oyj..................................... 1,118 3,826 Amer Sports Oyj.................................... 1,181 22,524 Atria Oyj.......................................... 677 5,917 Cargotec Oyj....................................... 1,156 37,030 Caverion Corp...................................... 5,205 48,650 Citycon Oyj........................................ 9,008 30,542 Cramo Oyj.......................................... 704 10,856 Elektrobit Oyj..................................... 5,169 23,920 Elisa Oyj.......................................... 2,682 71,341 F-Secure Oyj....................................... 5,286 13,666 * Finnair Oyj........................................ 1,807 6,725 # Fiskars Oyj Abp.................................... 2,051 43,066 Fortum Oyj......................................... 16,419 350,229 HKScan Oyj Class A................................. 1,428 6,219 Huhtamaki Oyj...................................... 4,832 132,470 1049 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FINLAND -- (Continued) Kemira Oyj......................................... 4,967 $ 56,827 Kesko Oyj Class A.................................. 693 24,205 Kesko Oyj Class B.................................. 3,519 128,593 Kone Oyj Class B................................... 10,137 457,201 Konecranes Oyj..................................... 954 29,064 Lassila & Tikanoja Oyj............................. 1,329 26,619 * Lemminkainen Oyj................................... 71 883 Metsa Board Oyj.................................... 7,992 47,754 Metso Oyj.......................................... 6,557 199,498 Munksjo Oyj........................................ 394 4,176 Neste Oil Oyj...................................... 8,286 230,420 Nokia Oyj.......................................... 79,646 612,521 Nokia Oyj Sponsored ADR............................ 49,629 377,180 # Nokian Renkaat Oyj................................. 3,895 95,993 Olvi Oyj Class A................................... 412 11,195 * Oriola-KD Oyj Class B.............................. 6,448 26,283 Orion Oyj Class A.................................. 822 27,050 Orion Oyj Class B.................................. 5,203 171,541 #* Outokumpu Oyj...................................... 9,606 51,972 # Outotec Oyj........................................ 3,019 17,482 PKC Group Oyj...................................... 1,042 22,647 * Poyry Oyj.......................................... 706 2,322 Raisio Oyj Class V................................. 7,663 36,817 Ramirent Oyj....................................... 4,086 33,737 Sampo Oyj Class A.................................. 11,195 542,195 Sanoma Oyj......................................... 2,591 16,316 # Stockmann Oyj Abp.................................. 889 6,168 Stora Enso Oyj Class R............................. 33,930 329,203 Technopolis Oyj.................................... 3,759 17,039 Tieto Oyj.......................................... 1,835 45,094 Tikkurila Oyj...................................... 1,578 28,473 UPM-Kymmene Oyj.................................... 31,627 555,920 Vaisala Oyj Class A................................ 69 1,764 Valmet OYJ......................................... 4,261 54,867 Wartsila Oyj Abp................................... 9,229 427,834 # YIT Oyj............................................ 2,419 14,089 ---------- TOTAL FINLAND.......................................... 5,544,383 ---------- FRANCE -- (8.8%) Accor SA........................................... 3,743 186,091 Aeroports de Paris................................. 473 56,753 #* Air France-KLM..................................... 4,416 38,885 Air Liquide SA..................................... 7,214 909,495 Albioma SA......................................... 1,202 22,336 * Alstom SA.......................................... 4,455 145,160 Alten SA........................................... 1,030 43,141 Altran Technologies SA............................. 7,167 63,431 April SA........................................... 564 7,008 Arkema SA.......................................... 2,267 161,715 AtoS............................................... 3,558 261,619 AXA SA............................................. 32,966 771,139 AXA SA Sponsored ADR............................... 2,900 68,237 Axway Software SA.................................. 228 4,312 1050 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) * Beneteau SA........................................ 1,571 $ 22,887 BioMerieux......................................... 95 10,378 BNP Paribas SA..................................... 19,968 1,048,427 Boiron SA.......................................... 146 14,933 Bollore SA......................................... 32,879 141,507 Bonduelle S.C.A.................................... 536 12,080 Bongrain SA........................................ 214 13,030 Bouygues SA........................................ 7,656 272,822 Bureau Veritas SA.................................. 7,039 149,057 Cap Gemini SA...................................... 3,386 245,756 Carrefour SA....................................... 22,474 704,242 Casino Guichard Perrachon SA....................... 2,275 206,393 #* CGG SA Sponsored ADR............................... 5,600 31,416 Christian Dior SA.................................. 1,535 264,003 Cie de Saint-Gobain................................ 8,831 376,207 Cie Generale des Etablissements Michelin........... 6,663 648,856 * Club Mediterranee SA............................... 780 21,737 CNP Assurances..................................... 8,146 143,007 Credit Agricole SA................................. 30,421 360,783 Danone SA.......................................... 9,519 638,828 Dassault Systemes ADR.............................. 1,000 61,930 Dassault Systemes SA............................... 1,728 106,782 Derichebourg SA.................................... 4,522 17,580 Edenred............................................ 9,672 277,979 Eiffage SA......................................... 479 23,321 Electricite de France SA........................... 2,758 74,766 Essilor International SA........................... 7,445 829,160 * Esso SA Francaise.................................. 72 2,978 * Etablissements Maurel et Prom...................... 4,987 40,282 Eurofins Scientific SE............................. 309 79,384 European Aeronautic Defence and Space Co. NV....... 20,320 1,082,651 Eutelsat Communications SA......................... 7,263 249,509 Faiveley Transport SA.............................. 99 6,006 Faurecia........................................... 3,046 122,347 Fimalac............................................ 138 10,877 GDF Suez........................................... 37,769 837,655 GL Events.......................................... 729 13,578 Groupe Eurotunnel SE............................... 15,552 208,812 * Groupe Fnac........................................ 574 28,790 Guerbet............................................ 237 8,807 Haulotte Group SA.................................. 105 1,558 # Hermes International............................... 292 99,096 Iliad SA........................................... 517 120,082 Imerys SA.......................................... 2,399 173,220 # Ingenico........................................... 2,255 235,744 Interparfums SA.................................... 465 13,726 IPSOS.............................................. 1,498 39,032 Jacquet Metal Service.............................. 1,384 24,140 JCDecaux SA........................................ 1,564 56,274 Kering............................................. 2,552 514,900 Korian-Medica...................................... 2,058 77,830 L'Oreal SA......................................... 5,031 899,564 Lafarge SA......................................... 6,368 436,308 1051 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Lagardere SCA...................................... 7,852 $ 214,760 Lectra............................................. 2,717 30,564 Legrand SA......................................... 7,991 428,359 LISI............................................... 1,050 26,077 LVMH Moet Hennessy Louis Vuitton SA................ 5,963 958,995 Maisons France Confort SA.......................... 226 7,824 * Manitou BF SA...................................... 582 8,544 Mersen............................................. 738 17,434 Metropole Television SA............................ 533 9,745 Montupet........................................... 381 30,235 Natixis SA......................................... 34,914 222,052 # Naturex............................................ 359 18,785 # Neopost SA......................................... 1,054 54,687 * Nexans SA.......................................... 1,693 53,322 Nexity SA.......................................... 1,680 66,151 Norbert Dentressangle SA........................... 198 29,212 * NRJ Group.......................................... 2,272 17,023 Orange SA(684060106)............................... 5,900 103,722 Orange SA(5176177)................................. 39,086 687,643 #* Orco Property Group SA............................. 739 299 Orpea.............................................. 1,505 97,835 Pernod-Ricard SA................................... 2,791 334,662 * Peugeot SA......................................... 17,489 252,094 * Pierre & Vacances SA............................... 107 3,053 Plastic Omnium SA.................................. 2,944 84,521 Publicis Groupe SA................................. 5,829 435,527 Rallye SA.......................................... 1,419 53,207 Renault SA......................................... 11,532 881,349 Rexel SA........................................... 8,622 161,091 Rubis SCA.......................................... 1,425 82,643 Safran SA.......................................... 4,906 326,739 Saft Groupe SA..................................... 1,686 53,779 Samse SA........................................... 4 481 Sanofi............................................. 12,090 1,113,971 Sanofi ADR......................................... 10,456 481,917 Sartorius Stedim Biotech........................... 117 22,775 Schneider Electric SE(B11BPS1)..................... 278 20,933 Schneider Electric SE(4834108)..................... 13,316 1,000,987 SCOR SE............................................ 8,577 267,001 SEB SA............................................. 1,013 69,322 * Sequana SA......................................... 986 2,845 SES SA............................................. 7,927 288,767 Societe BIC SA..................................... 1,286 182,850 Societe d'Edition de Canal +....................... 1,800 12,125 Societe Generale SA................................ 12,658 508,299 Societe Television Francaise 1..................... 2,666 41,968 # Sodexo SA.......................................... 2,178 216,089 #* SOITEC............................................. 17,198 17,066 * Solocal Group...................................... 22,465 18,857 Somfy SA........................................... 27 6,854 Sopra Steria Group................................. 662 51,550 Stef SA............................................ 27 1,556 # STMicroelectronics NV(2430025)..................... 8,829 73,281 1052 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) STMicroelectronics NV(5962332)..................... 36,343 $ 301,769 Suez Environnement Co.............................. 15,842 291,213 Synergie SA........................................ 251 5,477 * Technicolor SA..................................... 10,332 61,720 Technip SA......................................... 5,893 344,132 Teleperformance.................................... 2,378 170,374 Thales SA.......................................... 4,932 259,730 * Theolia SA......................................... 478 297 Total Gabon........................................ 24 8,245 Total SA........................................... 40,880 2,098,393 Total SA Sponsored ADR............................. 8,500 437,835 Trigano SA......................................... 1,235 36,861 * UBISOFT Entertainment.............................. 5,735 115,121 Valeo SA........................................... 5,402 761,691 Vallourec SA....................................... 4,811 104,384 #* Valneva SE......................................... 115 524 Veolia Environnement SA............................ 25,131 460,378 Veolia Environnement SA ADR........................ 1,059 19,327 Vicat.............................................. 714 50,145 VIEL & Cie SA...................................... 300 678 Vilmorin & Cie SA.................................. 155 13,620 Vinci SA........................................... 11,280 592,585 Virbac SA.......................................... 170 37,735 Vivendi SA......................................... 24,866 588,007 Zodiac Aerospace................................... 7,662 254,112 ----------- TOTAL FRANCE........................................... 32,006,119 ----------- GERMANY -- (6.4%) Aareal Bank AG..................................... 2,391 90,538 Adidas AG.......................................... 3,639 250,390 * ADVA Optical Networking SE......................... 1,788 5,910 #* Air Berlin P.L.C................................... 3,958 4,873 #* Aixtron SE......................................... 1,469 11,618 Allianz SE......................................... 6,463 1,065,693 Allianz SE ADR..................................... 10,000 165,000 Amadeus Fire AG.................................... 211 15,697 Aurubis AG......................................... 1,717 93,084 Axel Springer SE................................... 1,857 114,188 BASF SE............................................ 16,282 1,456,224 * Bauer AG........................................... 98 1,793 Bayer AG........................................... 3,282 472,711 Bayerische Motoren Werke AG........................ 5,671 659,484 BayWa AG........................................... 513 20,179 Bechtle AG......................................... 976 82,479 Beiersdorf AG...................................... 2,841 249,358 Bertrandt AG....................................... 185 24,316 Bijou Brigitte AG.................................. 249 15,002 Bilfinger SE....................................... 1,030 53,810 Biotest AG......................................... 111 12,335 Borussia Dortmund GmbH & Co. KGaA.................. 2,421 10,906 Brenntag AG........................................ 7,686 418,389 CANCOM SE.......................................... 527 22,541 Carl Zeiss Meditec AG.............................. 1,463 38,590 1053 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- GERMANY -- (Continued) Celesio AG......................................... 3,368 $ 99,771 Cewe Stiftung & Co. KGAA........................... 374 21,923 Comdirect Bank AG.................................. 2,270 22,556 * Commerzbank AG..................................... 27,835 333,717 CompuGroup Medical AG.............................. 1,589 41,101 * Constantin Medien AG............................... 3,713 5,405 Continental AG..................................... 2,510 566,373 CropEnergies AG.................................... 1,674 5,113 CTS Eventim AG & Co. KGaA.......................... 1,413 40,415 Daimler AG......................................... 17,938 1,624,551 # Delticom AG........................................ 86 1,656 # Deutsche Bank AG(D18190898)........................ 16,279 471,765 Deutsche Bank AG(5750355).......................... 16,124 468,042 Deutsche Boerse AG................................. 3,237 248,216 Deutsche Lufthansa AG.............................. 4,149 70,176 Deutsche Post AG................................... 17,877 578,555 Deutsche Telekom AG................................ 49,700 856,733 Deutsche Telekom AG Sponsored ADR.................. 6,800 116,960 Deutsche Wohnen AG................................. 11,786 306,167 Deutz AG........................................... 4,780 22,035 * Dialog Semiconductor P.L.C......................... 2,787 106,588 DMG Mori Seiki AG.................................. 3,892 127,484 Drillisch AG....................................... 2,194 85,000 Duerr AG........................................... 1,262 114,856 E.ON SE............................................ 21,141 327,261 Elmos Semiconductor AG............................. 1,078 21,325 ElringKlinger AG................................... 1,506 52,474 #* Evotec AG.......................................... 6,271 25,874 Fielmann AG........................................ 1,324 89,995 Fraport AG Frankfurt Airport Services Worldwide.... 1,504 91,898 Freenet AG......................................... 5,218 155,368 Fresenius Medical Care AG & Co. KGaA............... 5,711 423,261 # Fresenius Medical Care AG & Co. KGaA ADR........... 1,600 59,344 Fresenius SE & Co. KGaA............................ 13,241 757,871 Fuchs Petrolub SE.................................. 1,726 65,182 * GAGFAH SA.......................................... 3,299 73,514 GEA Group AG....................................... 7,944 359,071 Gerresheimer AG.................................... 1,582 86,249 Gerry Weber International AG....................... 992 38,220 Gesco AG........................................... 211 16,545 GFK SE............................................. 679 27,035 GFT Technologies AG................................ 1,964 30,163 Grammer AG......................................... 916 36,428 Grenkeleasing AG................................... 342 36,612 * H&R AG............................................. 95 722 Hannover Rueck SE.................................. 3,088 276,769 HeidelbergCement AG................................ 5,697 418,953 #* Heidelberger Druckmaschinen AG..................... 5,179 12,158 Henkel AG & Co. KGaA............................... 1,662 170,059 Hochtief AG........................................ 1,313 91,313 Hugo Boss AG....................................... 994 128,335 Indus Holding AG................................... 1,216 53,040 Infineon Technologies AG........................... 19,110 214,163 1054 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) Infineon Technologies AG ADR....................... 7,164 $ 80,882 Jenoptik AG........................................ 3,400 45,493 K+S AG............................................. 8,186 258,458 * Kloeckner & Co. SE................................. 4,240 43,687 * Kontron AG......................................... 4,419 26,125 Krones AG.......................................... 579 54,816 # KUKA AG............................................ 1,177 79,569 KWS Saat AG........................................ 115 35,142 Lanxess AG......................................... 2,284 109,479 Leoni AG........................................... 1,292 80,603 Linde AG........................................... 2,866 549,041 # LPKF Laser & Electronics AG........................ 1,858 20,494 MAN SE............................................. 957 102,030 #* Manz AG............................................ 207 14,826 Merck KGaA......................................... 2,270 226,810 * Metro AG........................................... 4,985 153,396 MLP AG............................................. 696 2,760 MTU Aero Engines AG................................ 1,493 136,590 Muenchener Rueckversicherungs-Gesellschaft AG...... 4,264 854,854 Nemetschek AG...................................... 249 25,991 * Nordex SE.......................................... 2,066 39,874 Norma Group SE..................................... 1,455 72,151 * Osram Licht AG..................................... 2,726 125,323 * Patrizia Immobilien AG............................. 3,966 69,536 Pfeiffer Vacuum Technology AG...................... 214 19,218 # PNE Wind AG........................................ 7,350 18,309 Puma SE............................................ 191 36,353 QSC AG............................................. 4,612 9,156 # R Stahl AG......................................... 392 18,844 Rational AG........................................ 122 40,152 Rheinmetall AG..................................... 937 40,547 Rhoen Klinikum AG.................................. 1,696 44,933 RWE AG............................................. 18,215 505,273 SAF-Holland SA..................................... 1,934 28,560 SAP SE............................................. 7,956 519,270 SAP SE Sponsored ADR............................... 3,560 232,682 Schaltbau Holding AG............................... 344 17,677 * SGL Carbon SE...................................... 1,231 19,545 SHW AG............................................. 515 25,414 Siemens AG......................................... 5,903 623,574 # Siemens AG Sponsored ADR........................... 2,787 291,492 Sixt SE............................................ 337 13,058 #* SMA Solar Technology AG............................ 500 6,078 Software AG........................................ 2,593 68,629 Stada Arzneimittel AG.............................. 2,750 85,267 Stroeer Media SE................................... 1,675 48,754 * Suss Microtec AG................................... 1,680 8,828 Symrise AG......................................... 3,724 243,747 # TAG Immobilien AG.................................. 2,061 26,771 Takkt AG........................................... 314 5,346 * Talanx AG.......................................... 2,351 71,603 Telefonica Deutschland Holding AG.................. 30,768 170,694 #* ThyssenKrupp AG.................................... 12,170 316,160 1055 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) Volkswagen AG...................................... 721 $ 160,081 # Vossloh AG......................................... 284 18,184 VTG AG............................................. 506 12,146 # Wacker Chemie AG................................... 884 94,653 Wacker Neuson SE................................... 1,285 26,027 Wincor Nixdorf AG.................................. 165 7,562 Wirecard AG........................................ 2,750 122,923 XING AG............................................ 95 11,599 # Zeal Network SE.................................... 389 16,382 ----------- TOTAL GERMANY.......................................... 23,062,889 ----------- GREECE -- (0.0%) * Bank of Cyprus Pcl................................. 1 -- ----------- HONG KONG -- (2.1%) AIA Group, Ltd..................................... 91,800 532,304 Allied Properties HK, Ltd.......................... 48,000 9,532 APT Satellite Holdings, Ltd........................ 19,500 26,522 Asia Satellite Telecommunications Holdings, Ltd.... 3,000 10,428 ASM Pacific Technology, Ltd........................ 5,700 51,492 Associated International Hotels, Ltd............... 4,000 12,046 Bank of East Asia, Ltd............................. 26,400 109,695 BOC Hong Kong Holdings, Ltd........................ 67,500 236,600 * Brightoil Petroleum Holdings, Ltd.................. 83,000 20,161 Cathay Pacific Airways, Ltd........................ 35,000 81,388 Cheung Kong Holdings, Ltd.......................... 22,000 419,821 Cheung Kong Infrastructure Holdings, Ltd........... 9,000 73,865 #* China Dynamics Holdings, Ltd....................... 290,000 21,608 Chow Sang Sang Holdings International, Ltd......... 11,000 29,153 # Chow Tai Fook Jewellery Group, Ltd................. 14,200 18,789 CITIC Telecom International Holdings, Ltd.......... 88,000 27,197 CK Life Sciences International Holdings, Inc....... 286,000 29,104 CLP Holdings, Ltd.................................. 27,500 245,863 Dickson Concepts International, Ltd................ 6,500 3,055 Emperor International Holdings, Ltd................ 140,000 31,726 Esprit Holdings, Ltd............................... 12,900 14,584 Far East Consortium International, Ltd............. 64,000 25,010 First Pacific Co., Ltd............................. 172,000 174,536 * G-Resources Group, Ltd............................. 488,400 13,858 Giordano International, Ltd........................ 14,000 6,624 * Global Brands Group Holding, Ltd................... 93,360 17,590 Glorious Sun Enterprises, Ltd...................... 14,000 3,050 # Haitong International Securities Group, Ltd........ 34,000 21,418 Hang Lung Group, Ltd............................... 10,000 47,687 Hang Lung Properties, Ltd.......................... 27,000 79,041 Hang Seng Bank, Ltd................................ 12,700 222,108 Harbour Centre Development, Ltd.................... 2,000 3,654 Henderson Land Development Co., Ltd................ 39,298 281,412 HKR International, Ltd............................. 48,800 25,067 Hong Kong & China Gas Co., Ltd..................... 79,641 182,580 Hong Kong Aircraft Engineering Co., Ltd............ 800 8,840 Hong Kong Exchanges and Clearing, Ltd.............. 12,600 289,991 Hongkong & Shanghai Hotels (The)................... 6,500 9,299 1056 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- HONG KONG -- (Continued) # Hongkong Chinese, Ltd.............................. 58,000 $ 10,168 Hopewell Holdings, Ltd............................. 15,500 58,088 Hutchison Whampoa, Ltd............................. 31,000 410,259 Hysan Development Co., Ltd......................... 26,000 125,997 Kerry Logistics Network, Ltd....................... 14,500 22,116 Kerry Properties, Ltd.............................. 36,000 127,902 Kingston Financial Group, Ltd...................... 96,000 11,017 Kowloon Development Co., Ltd....................... 7,000 8,167 L'Occitane International SA........................ 20,500 51,733 Lai Sun Development Co., Ltd....................... 659,000 14,745 Li & Fung, Ltd..................................... 93,360 92,151 Luk Fook Holdings International, Ltd............... 14,000 52,224 Man Wah Holdings, Ltd.............................. 35,200 30,012 # Melco Crown Entertainment, Ltd..................... 1,200 9,625 Melco Crown Entertainment, Ltd. ADR................ 1,858 44,592 #* Midland Holdings, Ltd.............................. 18,000 9,077 MTR Corp., Ltd..................................... 10,051 44,526 NagaCorp, Ltd...................................... 48,000 37,643 New World Development Co., Ltd..................... 55,914 66,807 # Newocean Energy Holdings, Ltd...................... 50,000 18,391 NWS Holdings, Ltd.................................. 34,655 64,139 Orient Overseas International, Ltd................. 11,000 71,687 Pacific Basin Shipping, Ltd........................ 62,000 22,863 Pacific Textile Holdings, Ltd...................... 20,000 27,594 PCCW, Ltd.......................................... 101,000 66,740 Power Assets Holdings, Ltd......................... 17,000 177,369 # Prada SpA.......................................... 9,500 55,716 Public Financial Holdings, Ltd..................... 6,000 2,863 Regal Hotels International Holdings, Ltd........... 26,000 16,154 # SA SA International Holdings, Ltd.................. 38,000 24,499 Samsonite International SA......................... 35,100 106,524 Shangri-La Asia, Ltd............................... 112,000 145,102 Shun Tak Holdings, Ltd............................. 11,000 5,027 Singamas Container Holdings, Ltd................... 96,000 15,457 Sino Land Co., Ltd................................. 128,590 215,703 Sitoy Group Holdings, Ltd.......................... 15,000 9,861 Stella International Holdings, Ltd................. 10,500 27,444 Sun Hung Kai & Co., Ltd............................ 9,000 8,070 Sun Hung Kai Properties, Ltd....................... 29,207 474,514 Swire Pacific, Ltd. Class A........................ 25,500 341,485 Swire Pacific, Ltd. Class B........................ 22,500 54,967 Swire Properties, Ltd.............................. 17,000 54,906 Techtronic Industries Co., Ltd..................... 32,000 104,504 Television Broadcasts, Ltd......................... 2,000 12,427 Texwinca Holdings, Ltd............................. 14,000 11,533 Transport International Holdings, Ltd.............. 12,000 29,590 Trinity, Ltd....................................... 12,000 2,337 * United Laboratories International Holdings, Ltd. (The)............................................ 34,000 16,659 Value Partners Group, Ltd.......................... 50,000 42,489 Victory City International Holdings, Ltd........... 41,042 5,844 Vitasoy International Holdings, Ltd................ 20,000 27,733 VST Holdings, Ltd.................................. 74,400 23,787 # VTech Holdings, Ltd................................ 7,800 109,598 1057 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) Wharf Holdings, Ltd. (The)......................... 27,000 $ 219,601 Wheelock & Co., Ltd................................ 15,000 85,060 Wynn Macau, Ltd.................................... 4,800 13,261 Xinyi Glass Holdings, Ltd.......................... 66,000 34,801 # Xinyi Solar Holdings, Ltd.......................... 34,000 9,383 Yue Yuen Industrial Holdings, Ltd.................. 32,000 120,106 ---------- TOTAL HONG KONG........................................ 7,519,335 ---------- IRELAND -- (0.5%) * Bank of Ireland.................................... 963,988 290,130 * Bank of Ireland Sponsored ADR...................... 30 362 C&C Group P.L.C.(B010DT8).......................... 1,711 6,641 C&C Group P.L.C.(B011Y09).......................... 4,812 18,756 CRH P.L.C.......................................... 6,940 167,432 CRH P.L.C. Sponsored ADR........................... 12,817 309,402 Dragon Oil P.L.C................................... 7,016 58,238 FBD Holdings P.L.C................................. 1,875 23,281 Glanbia P.L.C...................................... 7,752 124,808 Irish Continental Group P.L.C...................... 6,510 24,069 * Kenmare Resources P.L.C............................ 953 49 Kerry Group P.L.C. Class A......................... 4,335 314,176 Kingspan Group P.L.C............................... 717 12,955 Paddy Power P.L.C.................................. 456 35,539 Smurfit Kappa Group P.L.C.......................... 11,113 273,216 ---------- TOTAL IRELAND.......................................... 1,659,054 ---------- ISRAEL -- (0.5%) * Africa Israel Investments, Ltd..................... 8,946 7,912 * Airport City, Ltd.................................. 1,828 15,072 Azrieli Group...................................... 1,869 64,476 Bank Hapoalim BM................................... 23,389 103,895 * Bank Leumi Le-Israel BM............................ 75,070 250,276 Bezeq The Israeli Telecommunication Corp., Ltd..... 52,652 83,969 * Ceragon Networks, Ltd.............................. 1,170 1,113 * Clal Insurance Enterprises Holdings, Ltd........... 670 9,685 * Compugen, Ltd...................................... 1,357 10,485 Delek Automotive Systems, Ltd...................... 1,659 15,895 Delek Group, Ltd................................... 148 36,201 Delta-Galil Industries, Ltd........................ 572 16,415 Elbit Systems, Ltd................................. 533 32,772 * EZchip Semiconductor, Ltd.(M4146Y108).............. 1,766 33,642 * EZchip Semiconductor, Ltd.(6554998)................ 325 6,095 First International Bank Of Israel, Ltd............ 1,094 13,725 # Formula Systems 1985, Ltd.......................... 947 19,677 Frutarom Industries, Ltd........................... 2,422 75,892 Harel Insurance Investments & Financial Services, Ltd.............................................. 3,840 17,091 Israel Chemicals, Ltd.............................. 16,450 118,207 * Israel Discount Bank, Ltd. Class A................. 2,038 3,184 * Jerusalem Oil Exploration.......................... 604 17,883 Melisron, Ltd...................................... 907 26,410 Menorah Mivtachim Holdings, Ltd.................... 1,148 10,098 Migdal Insurance & Financial Holding, Ltd.......... 24,040 28,621 1058 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) * Mizrahi Tefahot Bank, Ltd.......................... 8,534 $ 93,129 * Nitsba Holdings 1995, Ltd.......................... 720 9,826 * Oil Refineries, Ltd................................ 40,604 11,811 Osem Investments, Ltd.............................. 1,359 24,078 * Partner Communications Co., Ltd.................... 1,994 6,753 Paz Oil Co., Ltd................................... 272 34,806 Shikun & Binui, Ltd................................ 11,788 22,325 * Strauss Group, Ltd................................. 1,978 28,972 Teva Pharmaceutical Industries, Ltd................ 1,732 98,366 Teva Pharmaceutical Industries, Ltd. Sponsored ADR............................................. 6,848 389,377 #* Tower Semiconductor, Ltd........................... 2,555 38,759 ---------- TOTAL ISRAEL........................................... 1,776,893 ---------- ITALY -- (2.3%) A2A SpA............................................ 64,368 61,349 ACEA SpA........................................... 2,982 33,522 # Alerion Cleanpower SpA............................. 2,105 5,692 Amplifon SpA....................................... 7,609 45,517 Ansaldo STS SpA.................................... 6,924 69,583 #* Arnoldo Mondadori Editore SpA...................... 3,462 3,609 Assicurazioni Generali SpA......................... 26,762 564,827 # Astaldi SpA........................................ 2,155 13,699 Atlantia SpA....................................... 1 21 * Autogrill SpA...................................... 1,407 12,020 Azimut Holding SpA................................. 4,861 113,316 Banca Generali SpA................................. 2,892 80,790 Banca IFIS SpA..................................... 1,361 23,414 * Banca Monte dei Paschi di Siena SpA................ 94,353 42,657 * Banca Popolare dell'Emilia Romagna SC.............. 25,982 175,226 #* Banca Popolare dell'Etruria e del Lazio SC......... 1,087 638 * Banca Popolare di Milano Scarl..................... 48,999 39,222 Banca Popolare di Sondrio SCARL.................... 10,870 42,208 * Banco Popolare SC.................................. 425 5,367 * BasicNet SpA....................................... 3,053 8,503 Brembo SpA......................................... 1,177 41,479 # Brunello Cucinelli SpA............................. 716 14,729 Cementir Holding SpA............................... 3,817 25,538 * CIR-Compagnie Industriali Riunite SpA.............. 32,447 35,809 CNH Industrial NV.................................. 28,765 218,981 Credito Emiliano SpA............................... 4,203 32,701 * Credito Valtellinese SC............................ 76,092 85,622 Danieli & C Officine Meccaniche SpA................ 917 22,484 De'Longhi SpA...................................... 4,371 78,794 DiaSorin SpA....................................... 691 27,587 * Ei Towers SpA...................................... 518 25,704 Enel SpA........................................... 106,427 480,875 Engineering SpA.................................... 345 16,837 Eni SpA............................................ 42,371 713,044 Eni SpA Sponsored ADR.............................. 600 20,340 ERG SpA............................................ 3,337 39,733 Esprinet SpA....................................... 1,834 12,541 Falck Renewables SpA............................... 2,083 2,297 * Finmeccanica SpA................................... 19,361 211,452 1059 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) #* Geox SpA........................................... 707 $ 2,395 #* Gruppo Editoriale L'Espresso SpA................... 2,471 3,125 GTECH SpA.......................................... 2,382 46,818 Hera SpA........................................... 24,963 61,179 * IMMSI SpA.......................................... 13,995 10,053 Industria Macchine Automatiche SpA................. 607 26,763 * Intek Group SpA.................................... 9,436 3,589 Interpump Group SpA................................ 2,221 31,656 Intesa Sanpaolo SpA................................ 241,672 706,712 Iren SpA........................................... 22,837 26,491 Italcementi SpA.................................... 4,392 30,238 Italmobiliare SpA.................................. 371 9,572 Luxottica Group SpA................................ 4,722 280,780 #* Maire Tecnimont SpA................................ 11,666 25,679 MARR SpA........................................... 1,526 26,668 * Mediaset SpA....................................... 9,368 42,541 #* Piaggio & C SpA.................................... 7,738 23,554 Pirelli & C. SpA................................... 13,546 192,067 Prysmian SpA....................................... 11,461 212,012 Recordati SpA...................................... 4,103 67,809 Reply SpA.......................................... 258 19,960 * Safilo Group SpA................................... 1,166 16,627 #* Saipem SpA......................................... 10,898 98,046 * Salini Impregilo SpA............................... 12,528 45,690 Salvatore Ferragamo SpA............................ 2,777 80,390 #* Saras SpA.......................................... 7,534 8,436 Snam SpA........................................... 44,392 217,203 Societa Cattolica di Assicurazioni S.c.r.l......... 4,470 34,475 Societa Iniziative Autostradali e Servizi SpA...... 3,086 30,854 #* Sogefi SpA......................................... 5,901 17,034 SOL SpA............................................ 1,421 11,242 * Sorin SpA.......................................... 15,740 36,528 #* Telecom Italia SpA................................. 421,186 489,404 * Telecom Italia SpA Sponsored ADR................... 6,420 73,830 Tenaris SA(2167367)................................ 2,200 62,128 Tenaris SA(7538515)................................ 6,744 95,167 Terna Rete Elettrica Nazionale SpA................. 99,272 435,241 # Tod's SpA.......................................... 420 43,157 Trevi Finanziaria Industriale SpA.................. 6,311 19,096 UniCredit SpA...................................... 118,476 698,446 Unione di Banche Italiane SCPA..................... 20,204 138,969 Unipol Gruppo Finanziario SpA...................... 13,846 69,827 UnipolSai SpA...................................... 37,625 104,297 Vittoria Assicurazioni SpA......................... 2,148 22,462 #* World Duty Free SpA................................ 7,240 79,754 * Yoox SpA........................................... 2,170 46,953 ---------- TOTAL ITALY............................................ 8,272,644 ---------- JAPAN -- (19.9%) 77 Bank, Ltd. (The)................................ 5,000 27,652 Accordia Golf Co., Ltd............................. 3,700 37,676 ADEKA Corp......................................... 4,200 51,522 Advan Co., Ltd..................................... 500 5,595 1060 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Advantest Corp..................................... 6,700 $ 85,003 Advantest Corp. ADR................................ 500 6,335 # Aeon Co., Ltd...................................... 34,199 361,214 Aeon Delight Co., Ltd.............................. 1,200 26,875 Ai Holdings Corp................................... 2,100 36,565 Aica Kogyo Co., Ltd................................ 2,900 64,550 Aichi Bank, Ltd. (The)............................. 300 14,721 Aichi Steel Corp................................... 9,000 37,311 Aida Engineering, Ltd.............................. 4,900 48,444 Ain Pharmaciez, Inc................................ 1,200 38,675 Air Water, Inc..................................... 6,000 103,238 Aisan Industry Co., Ltd............................ 1,700 14,821 Aisin Seiki Co., Ltd............................... 5,200 181,665 Akebono Brake Industry Co., Ltd.................... 3,100 10,945 Akita Bank, Ltd. (The)............................. 7,000 19,411 Alfresa Holdings Corp.............................. 5,200 61,650 # Alpen Co., Ltd..................................... 1,500 22,034 Alpine Electronics, Inc............................ 2,300 35,570 Alps Electric Co., Ltd............................. 7,000 145,723 Amada Co., Ltd..................................... 18,000 164,053 Amano Corp......................................... 3,100 32,949 ANA Holdings, Inc.................................. 19,000 52,472 # Anritsu Corp....................................... 2,000 13,113 AOKI Holdings, Inc................................. 1,600 18,566 Aomori Bank, Ltd. (The)............................ 10,000 29,552 Aoyama Trading Co., Ltd............................ 1,600 53,775 # Aozora Bank, Ltd................................... 35,000 127,371 Arakawa Chemical Industries, Ltd................... 300 3,046 Arcland Sakamoto Co., Ltd.......................... 900 16,788 Arcs Co., Ltd...................................... 2,023 41,681 Arisawa Manufacturing Co., Ltd..................... 1,400 10,661 As One Corp........................................ 1,100 29,430 Asahi Diamond Industrial Co., Ltd.................. 3,400 34,665 Asahi Glass Co., Ltd............................... 48,000 255,359 Asahi Group Holdings, Ltd.......................... 7,100 232,928 Asahi Holdings, Inc................................ 1,500 22,261 Asahi Intecc Co., Ltd.............................. 400 21,200 Asahi Kasei Corp................................... 44,000 434,547 Asahi Organic Chemicals Industry Co., Ltd.......... 4,000 9,874 Asatsu-DK, Inc..................................... 1,500 37,523 Asics Corp......................................... 6,800 166,868 # ASKUL Corp......................................... 800 12,439 Astellas Pharma, Inc............................... 39,300 607,002 Atom Corp.......................................... 2,100 15,751 Autobacs Seven Co., Ltd............................ 1,200 17,569 Avex Group Holdings, Inc........................... 2,300 38,786 Axial Retailing, Inc............................... 400 9,205 Azbil Corp......................................... 3,500 86,964 Bandai Namco Holdings, Inc......................... 4,300 87,063 Bando Chemical Industries, Ltd..................... 3,000 10,920 # Bank of Iwate, Ltd. (The).......................... 900 36,578 Bank of Kyoto, Ltd. (The).......................... 22,000 184,441 Bank of Okinawa, Ltd. (The)........................ 900 36,012 1061 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Bank of Saga, Ltd. (The)........................... 8,000 $ 18,263 Bank of the Ryukyus, Ltd........................... 1,800 24,902 Bank of Yokohama, Ltd. (The)....................... 32,000 172,668 Belc Co., Ltd...................................... 600 16,647 Belluna Co., Ltd................................... 2,600 11,131 Benesse Holdings, Inc.............................. 6,600 197,364 # Bic Camera, Inc.................................... 6,000 68,006 BML, Inc........................................... 400 10,702 Bridgestone Corp................................... 13,800 551,549 Broadleaf Co., Ltd................................. 200 3,087 Brother Industries, Ltd............................ 7,800 133,581 Bunka Shutter Co., Ltd............................. 6,000 48,479 C Uyemura & Co., Ltd............................... 400 20,276 Calbee, Inc........................................ 2,400 93,720 Calsonic Kansei Corp............................... 8,000 45,457 Canon Electronics, Inc............................. 1,800 31,836 Canon Marketing Japan, Inc......................... 3,600 65,416 Canon, Inc......................................... 14,900 471,368 # Canon, Inc. Sponsored ADR.......................... 8,300 261,533 # Casio Computer Co., Ltd............................ 9,200 144,024 Cawachi, Ltd....................................... 2,000 31,880 Central Glass Co., Ltd............................. 7,000 29,396 Central Japan Railway Co........................... 1,300 222,929 Century Tokyo Leasing Corp......................... 2,300 54,379 Chiba Bank, Ltd. (The)............................. 20,000 134,783 Chiba Kogyo Bank, Ltd. (The)....................... 3,300 22,495 Chiyoda Co., Ltd................................... 1,200 25,530 Chubu Shiryo Co., Ltd.............................. 1,000 5,588 Chugai Pharmaceutical Co., Ltd..................... 3,000 89,688 Chugoku Bank, Ltd. (The)........................... 5,200 73,969 Chugoku Marine Paints, Ltd......................... 2,000 17,605 Chukyo Bank, Ltd. (The)............................ 8,000 14,054 Chuo Spring Co., Ltd............................... 1,000 2,799 Citizen Holdings Co., Ltd.......................... 15,800 126,118 CKD Corp........................................... 5,100 48,580 #* Clarion Co., Ltd................................... 7,000 20,650 Cleanup Corp....................................... 600 4,440 * CMK Corp........................................... 2,600 7,352 # Coca-Cola East Japan Co., Ltd...................... 2,200 36,630 # Coca-Cola West Co., Ltd............................ 4,600 65,795 Cocokara fine, Inc................................. 400 9,911 # COLOPL, Inc........................................ 2,600 59,420 # Colowide Co., Ltd.................................. 4,200 70,844 COMSYS Holdings Corp............................... 1,600 21,767 #* COOKPAD, Inc....................................... 900 36,022 # Cosmo Oil Co., Ltd................................. 54,000 72,807 Cosmos Pharmaceutical Corp......................... 400 64,453 CREATE SD HOLDINGS Co., Ltd........................ 400 13,591 Dai Nippon Printing Co., Ltd....................... 25,000 224,835 Dai-ichi Life Insurance Co., Ltd. (The)............ 18,000 241,157 Daibiru Corp....................................... 1,100 9,678 Daicel Corp........................................ 10,000 124,331 Daido Metal Co., Ltd............................... 3,000 28,158 1062 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Daido Steel Co., Ltd............................... 21,000 $ 82,255 Daidoh, Ltd........................................ 500 2,172 Daifuku Co., Ltd................................... 2,500 28,640 # Daihatsu Motor Co., Ltd............................ 3,500 48,806 Daihen Corp........................................ 2,000 9,648 Daiichi Jitsugyo Co., Ltd.......................... 2,000 10,329 Daiichi Sankyo Co., Ltd............................ 12,900 187,145 Daiichikosho Co., Ltd.............................. 1,100 31,856 Daikin Industries, Ltd............................. 4,500 313,137 Daikyo, Inc........................................ 12,000 17,734 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 4,000 21,779 Daio Paper Corp.................................... 4,000 34,546 Daisan Bank, Ltd. (The)............................ 2,000 3,316 Daiseki Co., Ltd................................... 1,100 18,652 Daiwa House Industry Co., Ltd...................... 10,000 184,156 Daiwa Securities Group, Inc........................ 28,000 203,441 Daiwabo Holdings Co., Ltd.......................... 8,000 13,341 DCM Holdings Co., Ltd.............................. 5,800 38,697 # Dena Co., Ltd...................................... 3,600 47,339 Denki Kagaku Kogyo K.K............................. 20,000 78,802 Denso Corp......................................... 7,500 331,787 Dentsu, Inc........................................ 8,900 365,527 Denyo Co., Ltd..................................... 2,000 33,029 Descente, Ltd...................................... 2,000 22,670 DIC Corp........................................... 44,000 108,935 Disco Corp......................................... 800 73,291 DMG Mori Seiki Co., Ltd............................ 1,900 24,645 Don Quijote Holdings Co., Ltd...................... 500 36,404 Doshisha Co., Ltd.................................. 2,000 31,218 Doutor Nichires Holdings Co., Ltd.................. 1,900 27,005 Dowa Holdings Co., Ltd............................. 12,000 95,816 Dr Ci:Labo Co., Ltd................................ 900 30,920 DTS Corp........................................... 1,600 33,585 Eagle Industry Co., Ltd............................ 1,900 35,387 Earth Chemical Co., Ltd............................ 900 30,061 East Japan Railway Co.............................. 3,400 262,610 Ebara Corp......................................... 31,000 119,239 # EDION Corp......................................... 1,300 9,641 # Ehime Bank, Ltd. (The)............................. 8,000 17,008 Eighteenth Bank, Ltd. (The)........................ 11,000 31,796 Eisai Co., Ltd..................................... 2,300 114,674 Eizo Corp.......................................... 1,100 23,899 Elecom Co., Ltd.................................... 500 11,384 Electric Power Development Co., Ltd................ 2,700 98,359 Enplas Corp........................................ 300 10,705 EPS Holdings, Inc.................................. 2,000 24,787 Exedy Corp......................................... 1,300 28,589 Ezaki Glico Co., Ltd............................... 1,500 61,439 # F@N Communications, Inc............................ 1,600 18,007 FALCO HOLDINGS Co., Ltd............................ 200 2,207 FamilyMart Co., Ltd................................ 1,200 51,977 # Fancl Corp......................................... 1,500 24,007 FANUC Corp......................................... 2,800 470,230 1063 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Fast Retailing Co., Ltd............................ 700 $259,683 FCC Co., Ltd....................................... 2,100 39,925 Ferrotec Corp...................................... 3,900 19,621 # FIDEA Holdings Co., Ltd............................ 5,200 9,258 Financial Products Group Co., Ltd.................. 1,800 25,403 FINDEX, Inc........................................ 200 11,783 Foster Electric Co., Ltd........................... 1,900 35,692 FP Corp............................................ 1,000 34,901 Fudo Tetra Corp.................................... 10,600 21,634 Fuji Co. Ltd/Ehime................................. 1,000 18,155 Fuji Corp., Ltd.................................... 1,100 6,253 Fuji Electric Co., Ltd............................. 22,000 94,076 Fuji Heavy Industries, Ltd......................... 11,500 414,774 # Fuji Kyuko Co., Ltd................................ 2,000 21,005 Fuji Media Holdings, Inc........................... 2,800 35,197 Fuji Oil Co. Ltd/Osaka............................. 3,300 42,399 Fuji Seal International, Inc....................... 1,300 41,538 Fuji Soft, Inc..................................... 600 12,007 FUJIFILM Holdings Corp............................. 6,700 226,445 Fujikura, Ltd...................................... 18,000 74,783 Fujimori Kogyo Co., Ltd............................ 1,000 28,254 Fujitec Co., Ltd................................... 6,000 61,487 Fujitsu General, Ltd............................... 3,000 29,426 Fujitsu, Ltd....................................... 63,000 332,922 FuKoKu Co., Ltd.................................... 200 2,181 Fukui Bank, Ltd. (The)............................. 7,000 15,617 Fukuoka Financial Group, Inc....................... 21,000 104,806 Furukawa Co., Ltd.................................. 17,000 27,902 # Furukawa Electric Co., Ltd......................... 11,000 18,298 Futaba Industrial Co., Ltd......................... 500 2,497 Fuyo General Lease Co., Ltd........................ 400 12,876 Geo Holdings Corp.................................. 900 8,806 Glory, Ltd......................................... 2,400 62,896 GMO internet, Inc.................................. 2,500 20,642 GMO Payment Gateway, Inc........................... 1,300 22,542 Godo Steel, Ltd.................................... 8,000 12,874 Goldcrest Co., Ltd................................. 1,060 16,520 # Gree, Inc.......................................... 5,400 30,761 GS Yuasa Corp...................................... 11,000 49,642 Gulliver International Co., Ltd.................... 1,500 11,905 #* GungHo Online Entertainment, Inc................... 8,600 29,520 Gunma Bank, Ltd. (The)............................. 14,000 92,050 Gunze, Ltd......................................... 7,000 18,132 Gurunavi, Inc...................................... 1,600 25,532 H2O Retailing Corp................................. 2,760 48,750 Hachijuni Bank, Ltd. (The)......................... 23,000 151,569 Hakuhodo DY Holdings, Inc.......................... 9,500 94,425 Hamakyorex Co., Ltd................................ 500 17,677 Hamamatsu Photonics K.K............................ 900 42,405 Hankyu Hanshin Holdings, Inc....................... 21,000 116,727 Hanwa Co., Ltd..................................... 12,000 44,828 Happinet Corp...................................... 1,400 15,600 Harmonic Drive Systems, Inc........................ 2,100 33,278 1064 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Haseko Corp........................................ 6,800 $ 55,250 Hazama Ando Corp................................... 8,200 53,706 Heiwa Corp......................................... 500 10,057 Heiwa Real Estate Co., Ltd......................... 2,100 29,884 Heiwado Co., Ltd................................... 700 14,841 HI-LEX Corp........................................ 1,200 34,379 Hiday Hidaka Corp.................................. 800 25,163 Higashi-Nippon Bank, Ltd. (The).................... 10,000 28,137 Hikari Tsushin, Inc................................ 700 40,223 Hino Motors, Ltd................................... 8,800 124,594 Hiroshima Bank, Ltd. (The)......................... 35,000 174,096 HIS Co., Ltd....................................... 1,600 54,863 Hisamitsu Pharmaceutical Co., Inc.................. 1,300 44,232 Hitachi Chemical Co., Ltd.......................... 5,500 110,650 Hitachi Construction Machinery Co., Ltd............ 4,800 88,740 Hitachi High-Technologies Corp..................... 3,300 102,514 Hitachi Koki Co., Ltd.............................. 3,900 28,089 Hitachi Kokusai Electric, Inc...................... 4,000 54,367 Hitachi Metals, Ltd................................ 6,110 99,564 Hitachi Transport System, Ltd...................... 1,900 24,857 Hitachi Zosen Corp................................. 10,000 54,791 Hitachi, Ltd....................................... 15,000 113,281 Hitachi, Ltd. ADR.................................. 3,100 233,678 Hogy Medical Co., Ltd.............................. 300 15,596 #* Hokkaido Electric Power Co., Inc................... 8,500 68,660 Hokuetsu Bank, Ltd. (The).......................... 16,000 29,115 Hokuetsu Kishu Paper Co., Ltd...................... 4,500 21,194 Hokuhoku Financial Group, Inc...................... 11,000 22,667 Hokuriku Electric Power Co......................... 7,200 101,751 Hokuto Corp........................................ 700 12,884 Honda Motor Co., Ltd............................... 20,800 627,635 Honda Motor Co., Ltd. Sponsored ADR................ 8,100 244,782 Horiba, Ltd........................................ 1,300 42,343 Hoshizaki Electric Co., Ltd........................ 1,200 60,838 # House Foods Group, Inc............................. 4,100 82,026 Hoya Corp.......................................... 9,800 379,775 Hyakugo Bank, Ltd. (The)........................... 6,000 25,404 Ibiden Co., Ltd.................................... 6,100 91,703 Ichibanya Co., Ltd................................. 600 24,877 Ichiyoshi Securities Co., Ltd...................... 2,000 20,235 Idemitsu Kosan Co., Ltd............................ 7,100 118,512 IHI Corp........................................... 32,000 166,722 Iida Group Holdings Co., Ltd....................... 5,220 64,924 Iino Kaiun Kaisha, Ltd............................. 6,200 36,186 Ikyu Corp.......................................... 2,200 28,697 # Imperial Hotel, Ltd................................ 400 8,756 Inaba Denki Sangyo Co., Ltd........................ 800 27,016 Inabata & Co., Ltd................................. 1,200 10,936 Inageya Co., Ltd................................... 2,000 22,148 Ines Corp.......................................... 500 3,734 # Internet Initiative Japan, Inc..................... 1,300 27,269 Iriso Electronics Co., Ltd......................... 600 34,877 # Iseki & Co., Ltd................................... 6,000 11,447 1065 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Isetan Mitsukoshi Holdings, Ltd.................... 6,840 $ 96,986 Isuzu Motors, Ltd.................................. 13,400 178,388 # Ito En, Ltd........................................ 1,800 34,578 ITOCHU Corp........................................ 20,100 203,522 Itochu Enex Co., Ltd............................... 4,500 35,079 Itochu Techno-Solutions Corp....................... 1,300 46,393 Itoham Foods, Inc.................................. 9,000 51,384 # Itoki Corp......................................... 1,100 5,431 # Iwatani Corp....................................... 9,000 58,103 Iyo Bank, Ltd. (The)............................... 8,500 98,083 Izumi Co., Ltd..................................... 700 25,105 J Front Retailing Co., Ltd......................... 10,100 128,707 J-Oil Mills, Inc................................... 12,000 42,916 Japan Airport Terminal Co., Ltd.................... 700 31,542 Japan Aviation Electronics Industry, Ltd........... 2,000 45,202 #* Japan Communications, Inc.......................... 2,200 9,416 Japan Exchange Group, Inc.......................... 4,100 95,409 Japan Pulp & Paper Co., Ltd........................ 5,000 14,089 # Japan Steel Works, Ltd. (The)...................... 14,000 56,003 Japan Tobacco, Inc................................. 25,200 686,364 Japan Wool Textile Co., Ltd. (The)................. 1,000 6,668 Jeol, Ltd.......................................... 1,000 4,842 JFE Holdings, Inc.................................. 9,700 213,665 JGC Corp........................................... 5,000 101,689 Jimoto Holdings, Inc............................... 10,800 20,239 # Jin Co., Ltd....................................... 700 21,328 Joshin Denki Co., Ltd.............................. 2,000 16,836 Jowa Holdings Co., Ltd............................. 700 21,650 Joyo Bank, Ltd. (The).............................. 16,000 80,419 JSP Corp........................................... 1,200 23,981 JSR Corp........................................... 5,200 91,654 JTEKT Corp......................................... 6,900 113,796 Juki Corp.......................................... 9,000 29,418 Juroku Bank, Ltd. (The)............................ 8,000 26,398 * JVC Kenwood Corp................................... 3,820 9,055 JX Holdings, Inc................................... 69,020 254,700 # K's Holdings Corp.................................. 1,419 41,676 * Kadokawa Dwango Corp............................... 2,302 34,072 Kagoshima Bank, Ltd. (The)......................... 2,000 12,515 Kajima Corp........................................ 22,403 88,638 Kaken Pharmaceutical Co., Ltd...................... 1,000 21,279 Kameda Seika Co., Ltd.............................. 1,100 37,094 Kamei Corp......................................... 2,000 13,218 Kanamoto Co., Ltd.................................. 2,000 52,035 Kaneka Corp........................................ 17,000 103,761 Kanematsu Corp..................................... 16,000 22,790 Kansai Paint Co., Ltd.............................. 7,000 122,348 Kao Corp........................................... 15,200 666,490 Kasumi Co., Ltd.................................... 2,700 22,646 Katakura Industries Co., Ltd....................... 1,200 12,445 Kato Sangyo Co., Ltd............................... 900 16,501 Kato Works Co., Ltd................................ 5,000 39,094 Kawasaki Heavy Industries, Ltd..................... 42,000 201,227 1066 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kawasaki Kisen Kaisha, Ltd......................... 53,000 $ 151,711 KDDI Corp.......................................... 15,200 1,072,951 Keihin Corp........................................ 2,700 43,036 Keio Corp.......................................... 4,000 32,572 Kewpie Corp........................................ 3,500 81,264 Keyence Corp....................................... 600 280,462 Kikkoman Corp...................................... 4,000 117,980 Kintetsu Corp...................................... 30,000 105,762 Kintetsu World Express, Inc........................ 800 34,066 Kirin Holdings Co., Ltd............................ 15,000 201,963 # Kitz Corp.......................................... 7,500 35,613 Kiyo Bank, Ltd. (The).............................. 1,000 12,476 Koa Corp........................................... 900 8,241 Kobayashi Pharmaceutical Co., Ltd.................. 600 40,128 Kobe Steel, Ltd.................................... 161,000 282,363 Kohnan Shoji Co., Ltd.............................. 1,900 21,479 Koito Manufacturing Co., Ltd....................... 1,000 32,515 Kokuyo Co., Ltd.................................... 4,400 33,535 Komatsu, Ltd....................................... 17,700 347,087 # Konami Corp........................................ 2,800 52,244 Konica Minolta, Inc................................ 14,000 154,062 Konishi Co., Ltd................................... 300 5,142 Kose Corp.......................................... 1,300 58,203 Kubota Corp........................................ 16,000 237,526 Kubota Corp. Sponsored ADR......................... 1,000 74,165 #* Kumagai Gumi Co., Ltd.............................. 9,000 28,483 Kura Corp.......................................... 1,000 30,128 Kurabo Industries, Ltd............................. 13,000 21,801 Kuraray Co., Ltd................................... 11,300 141,893 # Kureha Corp........................................ 10,000 41,660 Kurimoto, Ltd...................................... 8,000 15,008 Kurita Water Industries, Ltd....................... 4,700 100,126 # Kuroda Electric Co., Ltd........................... 1,800 25,789 Kusuri No Aoki Co., Ltd............................ 700 46,503 KYB Co., Ltd....................................... 8,000 31,745 Kyocera Corp....................................... 3,600 158,453 Kyocera Corp. Sponsored ADR........................ 2,000 87,440 Kyoei Steel, Ltd................................... 1,500 27,870 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 2,700 30,523 Kyokuto Securities Co., Ltd........................ 1,500 21,605 Kyokuyo Co., Ltd................................... 2,000 4,703 KYORIN Holdings, Inc............................... 2,000 40,438 # Kyoritsu Maintenance Co., Ltd...................... 800 44,687 Kyowa Exeo Corp.................................... 2,000 21,107 Kyowa Hakko Kirin Co., Ltd......................... 8,000 91,100 Kyudenko Corp...................................... 4,000 53,721 * Kyushu Electric Power Co., Inc..................... 9,500 91,677 Lawson, Inc........................................ 1,800 117,686 LEC, Inc........................................... 400 4,446 Life Corp.......................................... 1,400 20,030 Lintec Corp........................................ 1,100 24,206 Lion Corp.......................................... 11,000 59,757 LIXIL Group Corp................................... 7,400 144,182 1067 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) M3, Inc............................................ 4,800 $ 96,555 # Macnica, Inc....................................... 1,000 29,473 Maeda Corp......................................... 7,000 53,632 Maeda Road Construction Co., Ltd................... 3,000 47,342 Makino Milling Machine Co., Ltd.................... 7,000 60,148 Makita Corp........................................ 1,200 53,228 Mandom Corp........................................ 1,000 33,765 Mars Engineering Corp.............................. 300 5,307 Marubeni Corp...................................... 24,000 132,474 Marubun Corp....................................... 800 5,365 Marudai Food Co., Ltd.............................. 1,000 3,582 Maruha Nichiro Corp................................ 1,300 19,346 Marui Group Co., Ltd............................... 15,100 156,958 Marusan Securities Co., Ltd........................ 3,900 26,962 Maruwa Co., Ltd.................................... 700 18,908 # Marvelous, Inc..................................... 3,000 44,984 Max Co., Ltd....................................... 2,000 21,739 Mazda Motor Corp................................... 18,000 369,728 # McDonald's Holdings Co. Japan, Ltd................. 1,100 24,128 Medipal Holdings Corp.............................. 4,500 52,503 Megachips Corp..................................... 2,600 31,237 Megmilk Snow Brand Co., Ltd........................ 2,100 28,870 Meidensha Corp..................................... 4,000 11,931 Meiko Network Japan Co., Ltd....................... 1,200 12,416 Meitec Corp........................................ 300 8,755 # Message Co., Ltd................................... 300 8,009 # Michinoku Bank, Ltd. (The)......................... 3,000 5,624 # Micronics Japan Co., Ltd........................... 800 21,631 Milbon Co., Ltd.................................... 800 22,629 Minato Bank, Ltd. (The)............................ 8,000 15,399 Minebea Co., Ltd................................... 10,000 154,282 Miraca Holdings, Inc............................... 2,000 89,574 Mirait Holdings Corp............................... 2,600 30,143 MISUMI Group, Inc.................................. 600 22,412 Mitani Corp........................................ 1,000 23,004 Mitsuba Corp....................................... 2,000 35,492 Mitsubishi Chemical Holdings Corp.................. 57,400 297,494 Mitsubishi Corp.................................... 17,880 311,920 Mitsubishi Electric Corp........................... 34,000 393,235 Mitsubishi Estate Co., Ltd......................... 24,000 482,898 Mitsubishi Gas Chemical Co., Inc................... 14,369 64,967 Mitsubishi Heavy Industries, Ltd................... 40,000 220,784 Mitsubishi Logistics Corp.......................... 3,000 44,616 Mitsubishi Materials Corp.......................... 44,000 138,748 Mitsubishi Motors Corp............................. 21,200 179,229 * Mitsubishi Paper Mills, Ltd........................ 11,000 8,097 Mitsubishi Pencil Co., Ltd......................... 600 17,723 Mitsubishi Steel Manufacturing Co., Ltd............ 3,000 6,073 Mitsubishi Tanabe Pharma Corp...................... 6,200 98,016 Mitsubishi UFJ Financial Group, Inc................ 184,100 978,356 Mitsubishi UFJ Financial Group, Inc. ADR........... 25,043 132,728 Mitsuboshi Belting Co., Ltd........................ 4,000 32,693 Mitsui & Co., Ltd.................................. 11,800 150,152 1068 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Mitsui & Co., Ltd. Sponsored ADR................... 473 $120,142 Mitsui Chemicals, Inc.............................. 57,000 166,780 Mitsui Engineering & Shipbuilding Co., Ltd......... 21,000 34,142 Mitsui Fudosan Co., Ltd............................ 14,000 353,942 Mitsui Home Co., Ltd............................... 3,000 12,626 Mitsui Mining & Smelting Co., Ltd.................. 24,000 50,116 Mitsui OSK Lines, Ltd.............................. 49,000 165,422 Mitsui Sugar Co., Ltd.............................. 8,000 27,127 Mitsui-Soko Holdings Co., Ltd...................... 2,000 6,705 Miura Co., Ltd..................................... 5,100 57,605 Miyazaki Bank, Ltd. (The).......................... 7,000 24,252 Mizuho Financial Group, Inc........................ 285,240 466,401 # Mizuho Financial Group, Inc. ADR................... 11,600 37,352 Mizuno Corp........................................ 6,000 29,507 Mochida Pharmaceutical Co., Ltd.................... 400 21,965 # MonotaRO Co., Ltd.................................. 1,500 38,051 Morinaga & Co., Ltd................................ 11,000 34,224 Morinaga Milk Industry Co., Ltd.................... 14,000 60,524 Morita Holdings Corp............................... 3,000 33,110 Mory Industries, Inc............................... 2,000 7,078 Moshi Moshi Hotline, Inc........................... 2,100 23,172 MS&AD Insurance Group Holdings..................... 11,352 276,015 Murata Manufacturing Co., Ltd...................... 3,500 377,840 # Musashi Seimitsu Industry Co., Ltd................. 1,700 32,009 # Nabtesco Corp...................................... 5,400 139,409 Nachi-Fujikoshi Corp............................... 9,000 48,394 Nagase & Co., Ltd.................................. 2,000 24,863 Nakamuraya Co., Ltd................................ 1,000 4,051 Nakanishi, Inc..................................... 1,000 36,610 Nankai Electric Railway Co., Ltd................... 19,000 76,065 Nanto Bank, Ltd. (The)............................. 3,000 10,057 Natori Co., Ltd.................................... 500 5,963 NEC Corp........................................... 79,000 223,148 NEC Networks & System Integration Corp............. 1,600 34,385 NET One Systems Co., Ltd........................... 3,200 19,125 Nexon Co., Ltd..................................... 3,700 36,421 NGK Insulators, Ltd................................ 6,000 120,907 NGK Spark Plug Co., Ltd............................ 6,300 186,763 NH Foods, Ltd...................................... 5,000 123,611 NHK Spring Co., Ltd................................ 3,000 27,059 Nichi-iko Pharmaceutical Co., Ltd.................. 2,000 36,015 Nichia Steel Works, Ltd............................ 1,000 2,911 # Nichias Corp....................................... 4,000 21,962 Nichicon Corp...................................... 2,700 20,551 Nichiha Corp....................................... 2,000 21,408 # Nichii Gakkan Co................................... 3,100 32,337 Nichirei Corp...................................... 10,000 53,009 Nidec Corp......................................... 1,400 95,267 Nidec Corp. ADR.................................... 5,600 95,256 Nifco, Inc......................................... 1,800 62,005 Nihon Kohden Corp.................................. 700 34,625 Nihon M&A Center, Inc.............................. 1,400 48,589 Nihon Nohyaku Co., Ltd............................. 4,000 47,044 1069 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Nihon Parkerizing Co., Ltd......................... 1,000 $ 23,841 Nihon Unisys, Ltd.................................. 2,700 23,608 Nihon Yamamura Glass Co., Ltd...................... 3,000 4,346 Nikkiso Co., Ltd................................... 3,000 26,401 # Nikon Corp......................................... 13,200 167,486 Nippo Corp......................................... 3,000 46,648 * Nippon Chemi-Con Corp.............................. 6,000 16,929 Nippon Coke & Engineering Co., Ltd................. 3,500 3,256 * Nippon Denko Co., Ltd.............................. 2,000 5,041 Nippon Densetsu Kogyo Co., Ltd..................... 2,000 28,697 Nippon Electric Glass Co., Ltd..................... 22,000 113,543 Nippon Flour Mills Co., Ltd........................ 7,000 33,200 Nippon Gas Co., Ltd................................ 1,900 46,712 Nippon Kayaku Co., Ltd............................. 7,000 97,650 Nippon Koei Co., Ltd............................... 4,000 16,078 Nippon Konpo Unyu Soko Co., Ltd.................... 2,700 42,073 Nippon Light Metal Holdings Co., Ltd............... 33,000 49,336 Nippon Paint Holdings Co., Ltd..................... 6,000 187,951 Nippon Paper Industries Co., Ltd................... 4,900 77,268 Nippon Parking Development Co., Ltd................ 9,600 10,277 Nippon Road Co., Ltd. (The)........................ 5,000 23,873 Nippon Sharyo, Ltd................................. 8,000 24,051 * Nippon Sheet Glass Co., Ltd........................ 51,800 47,558 Nippon Shinyaku Co., Ltd........................... 1,000 33,034 Nippon Shokubai Co., Ltd........................... 8,000 107,460 Nippon Signal Co., Ltd. (The)...................... 2,700 29,365 Nippon Soda Co., Ltd............................... 8,000 45,498 Nippon Steel & Sumikin Bussan Corp................. 8,000 29,228 Nippon Steel & Sumitomo Metal Corp................. 181,800 424,920 * Nippon Suisan Kaisha, Ltd.......................... 8,200 28,334 Nippon Synthetic Chemical Industry Co., Ltd. (The). 4,000 24,598 Nippon Telegraph & Telephone Corp.................. 2,900 171,642 Nippon Telegraph & Telephone Corp. ADR............. 6,000 177,240 Nippon Thompson Co., Ltd........................... 3,000 14,536 Nippon Valqua Industries, Ltd...................... 3,000 7,915 #* Nippon Yakin Kogyo Co., Ltd........................ 2,000 3,992 # Nippon Yusen K.K................................... 82,405 244,999 Nishi-Nippon City Bank, Ltd. (The)................. 32,000 103,915 Nishimatsu Construction Co., Ltd................... 13,000 52,223 Nishimatsuya Chain Co., Ltd........................ 2,600 20,710 Nishio Rent All Co., Ltd........................... 800 24,506 Nissan Chemical Industries, Ltd.................... 5,700 104,944 Nissan Motor Co., Ltd.............................. 52,400 446,826 Nissan Shatai Co., Ltd............................. 4,000 43,958 # Nissha Printing Co., Ltd........................... 2,300 36,868 Nisshin Oillio Group, Ltd. (The)................... 2,000 7,274 Nisshin Seifun Group, Inc.......................... 9,680 119,052 Nisshin Steel Co., Ltd............................. 3,700 38,300 Nisshinbo Holdings, Inc............................ 5,000 56,186 # Nissin Electric Co., Ltd........................... 6,000 35,625 Nissin Kogyo Co., Ltd.............................. 2,100 32,148 Nitori Holdings Co., Ltd........................... 700 39,578 Nitta Corp......................................... 800 19,218 1070 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Nitto Boseki Co., Ltd.............................. 8,000 $ 27,979 Nitto Denko Corp................................... 5,100 304,462 Nitto Kogyo Corp................................... 700 13,498 NOF Corp........................................... 6,000 38,425 Nohmi Bosai, Ltd................................... 3,000 37,524 NOK Corp........................................... 3,200 92,049 Nomura Holdings, Inc............................... 55,500 295,074 Nomura Holdings, Inc. ADR.......................... 14,000 74,060 Nomura Real Estate Holdings, Inc................... 2,400 40,384 Nomura Research Institute, Ltd..................... 2,200 74,698 Noritake Co., Ltd.................................. 10,000 25,093 Noritz Corp........................................ 2,100 33,062 North Pacific Bank, Ltd............................ 13,700 51,036 NSD Co., Ltd....................................... 2,400 37,059 NSK, Ltd........................................... 17,000 199,216 NTN Corp........................................... 22,000 94,154 NTT Data Corp...................................... 4,200 159,759 NTT DOCOMO, Inc.................................... 32,700 552,019 NTT DOCOMO, Inc. Sponsored ADR..................... 4,886 82,476 NTT Urban Development Corp......................... 5,700 54,687 # Obara Group, Inc................................... 800 39,927 Obayashi Corp...................................... 26,000 164,586 Odakyu Electric Railway Co., Ltd................... 8,000 77,826 Ohara, Inc......................................... 300 1,437 # Ohsho Food Service Corp............................ 600 24,101 Oiles Corp......................................... 1,800 33,218 Oita Bank, Ltd. (The).............................. 6,000 21,032 Oji Holdings Corp.................................. 32,000 120,623 Okabe Co., Ltd..................................... 1,600 13,797 Okamura Corp....................................... 3,000 21,976 Okinawa Cellular Telephone Co...................... 700 20,201 Okinawa Electric Power Co., Inc. (The)............. 500 17,321 # OKUMA Corp......................................... 2,000 17,018 Okumura Corp....................................... 7,000 31,942 Okura Industrial Co., Ltd.......................... 2,000 5,906 * Olympus Corp....................................... 8,400 290,506 Omron Corp......................................... 4,900 195,895 Onward Holdings Co., Ltd........................... 4,000 25,795 Open House Co., Ltd................................ 600 10,273 Osaka Gas Co., Ltd................................. 47,000 185,257 Osaka Steel Co., Ltd............................... 600 11,342 # OSAKA Titanium Technologies Co., Ltd............... 1,700 35,620 # Osaki Electric Co., Ltd............................ 1,000 6,797 OSG Corp........................................... 3,500 64,441 Otsuka Corp........................................ 1,800 62,150 Otsuka Holdings Co., Ltd........................... 4,400 136,132 * Pacific Metals Co., Ltd............................ 7,000 18,857 Paltac Corp........................................ 2,000 25,174 PanaHome Corp...................................... 5,000 30,041 Panasonic Corp..................................... 34,700 394,188 Panasonic Corp. Sponsored ADR...................... 24,160 274,216 Paramount Bed Holdings Co., Ltd.................... 800 22,127 Parco Co., Ltd..................................... 200 1,703 1071 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Paris Miki Holdings, Inc........................... 2,800 $ 11,360 Park24 Co., Ltd.................................... 1,700 29,088 Penta-Ocean Construction Co., Ltd.................. 9,500 36,209 Pigeon Corp........................................ 1,400 87,414 Pilot Corp......................................... 500 29,635 Piolax, Inc........................................ 500 24,019 #* Pioneer Corp....................................... 22,000 41,372 Plenus Co., Ltd.................................... 1,100 18,916 # Pola Orbis Holdings, Inc........................... 600 25,551 # Press Kogyo Co., Ltd............................... 6,000 20,213 Pronexus, Inc...................................... 600 3,807 Raito Kogyo Co., Ltd............................... 3,300 32,695 #* Rakuten, Inc....................................... 7,600 105,216 Relo Holdings, Inc................................. 600 44,713 Rengo Co., Ltd..................................... 12,000 50,419 Resona Holdings, Inc............................... 46,000 228,216 # Resorttrust, Inc................................... 2,200 52,690 Ricoh Co., Ltd..................................... 35,600 347,291 Ricoh Leasing Co., Ltd............................. 600 15,703 Riken Corp......................................... 5,000 19,581 Ringer Hut Co., Ltd................................ 2,000 39,287 Rinnai Corp........................................ 1,000 66,936 Riso Kagaku Corp................................... 2,800 48,680 Rohto Pharmaceutical Co., Ltd...................... 3,000 40,294 Roland DG Corp..................................... 700 20,817 # Round One Corp..................................... 2,400 14,987 Royal Holdings Co., Ltd............................ 1,800 25,740 Ryobi, Ltd......................................... 9,000 24,208 Ryosan Co., Ltd.................................... 1,400 29,718 Saibu Gas Co., Ltd................................. 11,000 24,363 Saizeriya Co., Ltd................................. 1,800 29,137 Sakai Chemical Industry Co., Ltd................... 7,000 24,910 Sakata Seed Corp................................... 1,800 31,262 San-A Co., Ltd..................................... 1,400 46,740 San-Ai Oil Co., Ltd................................ 4,000 26,543 Sangetsu Co., Ltd.................................. 1,000 26,782 Sankyo Co., Ltd.................................... 1,700 61,098 Sankyo Tateyama, Inc............................... 1,400 21,530 Sankyu, Inc........................................ 8,000 32,004 # Sanrio Co., Ltd.................................... 300 7,434 Santen Pharmaceutical Co., Ltd..................... 800 49,924 Sanyo Chemical Industries, Ltd..................... 2,000 14,500 Sanyo Electric Railway Co., Ltd.................... 7,000 27,489 Sanyo Shokai, Ltd.................................. 9,000 21,205 Sanyo Special Steel Co., Ltd....................... 3,000 10,068 Sapporo Holdings, Ltd.............................. 15,000 63,184 Sato Holdings Corp................................. 500 11,571 Sawai Pharmaceutical Co., Ltd...................... 1,500 90,772 SBI Holdings, Inc.................................. 10,600 113,267 SCREEN Holdings Co., Ltd........................... 10,000 59,383 SCSK Corp.......................................... 1,743 43,403 Secom Co., Ltd..................................... 3,200 185,748 Sega Sammy Holdings, Inc........................... 3,600 46,880 1072 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Seiko Epson Corp................................... 6,300 $ 255,861 Seiko Holdings Corp................................ 7,000 38,180 Seino Holdings Co., Ltd............................ 2,000 21,763 Seiren Co., Ltd.................................... 1,800 14,672 Sekisui Chemical Co., Ltd.......................... 19,000 207,798 # Sekisui House, Ltd................................. 32,300 417,688 Sekisui Jushi Corp................................. 2,000 26,587 Sekisui Plastics Co., Ltd.......................... 5,000 19,390 # Senko Co., Ltd..................................... 2,320 13,411 # Senshukai Co., Ltd................................. 1,600 11,282 Seria Co., Ltd..................................... 1,100 31,749 Seven & I Holdings Co., Ltd........................ 11,700 428,151 #* Sharp Corp......................................... 47,000 92,003 Shiga Bank, Ltd. (The)............................. 14,000 78,093 Shikoku Bank, Ltd. (The)........................... 6,000 12,540 Shikoku Chemicals Corp............................. 2,000 15,535 * Shikoku Electric Power Co., Inc.................... 5,600 70,420 Shima Seiki Manufacturing, Ltd..................... 300 5,265 Shimachu Co., Ltd.................................. 700 17,546 Shimadzu Corp...................................... 14,000 145,458 Shimano, Inc....................................... 900 118,974 Shimizu Corp....................................... 31,000 213,889 Shin-Etsu Chemical Co., Ltd........................ 6,400 423,771 Shindengen Electric Manufacturing Co., Ltd......... 1,000 5,363 Shinko Electric Industries Co., Ltd................ 1,300 9,106 Shinko Plantech Co., Ltd........................... 2,900 21,668 Shinmaywa Industries, Ltd.......................... 4,000 38,964 Shinsei Bank, Ltd.................................. 40,000 72,501 Shionogi & Co., Ltd................................ 4,600 138,033 Ship Healthcare Holdings, Inc...................... 2,500 62,043 Shiroki Corp....................................... 5,000 13,126 # Shiseido Co., Ltd.................................. 12,300 197,276 Shizuoka Bank, Ltd. (The).......................... 15,000 137,066 Shizuoka Gas Co., Ltd.............................. 3,000 19,157 Showa Corp......................................... 1,800 18,286 Showa Denko K.K.................................... 63,000 80,519 Showa Sangyo Co., Ltd.............................. 5,000 20,596 Showa Shell Sekiyu K.K............................. 9,600 93,692 Siix Corp.......................................... 600 12,881 Sinanen Co., Ltd................................... 4,000 15,660 Sintokogio, Ltd.................................... 4,000 28,238 SKY Perfect JSAT Holdings, Inc..................... 2,700 16,351 SMC Corp........................................... 700 187,717 SMS Co., Ltd....................................... 2,000 18,027 Softbank Corp...................................... 18,984 1,117,264 # Sojitz Corp........................................ 62,600 80,917 Sompo Japan Nipponkoa Holdings, Inc................ 19,300 535,517 # Sony Corp.......................................... 9,100 214,042 Sony Corp. Sponsored ADR........................... 14,427 336,005 Sony Financial Holdings, Inc....................... 3,200 44,474 St Marc Holdings Co., Ltd.......................... 600 38,582 Stanley Electric Co., Ltd.......................... 1,900 42,288 Star Micronics Co., Ltd............................ 700 8,745 1073 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Start Today Co., Ltd............................... 2,500 $ 50,533 Starts Corp., Inc.................................. 1,600 22,180 Starzen Co., Ltd................................... 3,000 10,379 Sugi Holdings Co., Ltd............................. 1,200 56,343 #* Sumco Corp......................................... 3,000 50,348 Suminoe Textile Co., Ltd........................... 5,000 12,566 Sumitomo Bakelite Co., Ltd......................... 9,000 37,250 Sumitomo Chemical Co., Ltd......................... 70,231 276,310 Sumitomo Corp...................................... 8,600 84,868 Sumitomo Dainippon Pharma Co., Ltd................. 4,900 51,510 Sumitomo Electric Industries, Ltd.................. 22,200 286,062 Sumitomo Forestry Co., Ltd......................... 9,900 92,080 Sumitomo Heavy Industries, Ltd..................... 31,000 167,754 Sumitomo Metal Mining Co., Ltd..................... 19,000 271,549 #* Sumitomo Mitsui Construction Co., Ltd.............. 25,800 36,127 Sumitomo Mitsui Financial Group, Inc............... 20,800 697,982 Sumitomo Mitsui Trust Holdings, Inc................ 79,000 277,806 Sumitomo Osaka Cement Co., Ltd..................... 18,000 52,341 Sumitomo Realty & Development Co., Ltd............. 2,000 63,794 Sumitomo Rubber Industries, Ltd.................... 4,600 71,532 Sumitomo Seika Chemicals Co., Ltd.................. 4,000 28,343 Sumitomo Warehouse Co., Ltd. (The)................. 8,000 44,778 # Sun Frontier Fudousan Co., Ltd..................... 1,300 10,103 Suntory Beverage & Food, Ltd....................... 500 17,534 Suruga Bank, Ltd................................... 4,000 75,103 Suzuken Co., Ltd................................... 2,900 81,700 Suzuki Motor Corp.................................. 4,900 154,939 Sysmex Corp........................................ 5,400 241,311 T Hasegawa Co., Ltd................................ 1,500 21,667 T&D Holdings, Inc.................................. 15,500 174,555 # Tachi-S Co., Ltd................................... 400 5,827 Tadano, Ltd........................................ 4,000 48,143 Taiheiyo Cement Corp............................... 40,000 117,374 # Taikisha, Ltd...................................... 1,200 28,547 Taisei Corp........................................ 43,000 249,422 Taiyo Holdings Co., Ltd............................ 1,000 36,351 Taiyo Nippon Sanso Corp............................ 3,000 35,943 Taiyo Yuden Co., Ltd............................... 4,800 59,563 # Takara Holdings, Inc............................... 4,000 25,514 Takara Leben Co., Ltd.............................. 3,100 16,171 Takara Standard Co., Ltd........................... 5,000 38,049 Takasago International Corp........................ 2,000 9,947 Takasago Thermal Engineering Co., Ltd.............. 3,000 37,636 Takashimaya Co., Ltd............................... 13,000 114,024 # Takata Corp........................................ 1,000 11,663 Takeda Pharmaceutical Co., Ltd..................... 10,600 529,569 Takeuchi Manufacturing Co., Ltd.................... 500 18,339 Tamron Co., Ltd.................................... 1,000 19,532 Tayca Corp......................................... 3,000 10,704 TDK Corp........................................... 4,700 292,912 TDK Corp. Sponsored ADR............................ 1,200 76,620 Teijin, Ltd........................................ 56,000 166,815 Terumo Corp........................................ 6,400 158,713 1074 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) THK Co., Ltd....................................... 3,800 $ 92,285 Toa Corp........................................... 13,000 22,116 Toagosei Co., Ltd.................................. 7,000 27,981 #* Tobishima Corp..................................... 13,200 28,793 TOC Co., Ltd....................................... 2,800 17,021 Tochigi Bank, Ltd. (The)........................... 5,000 23,089 Toda Corp.......................................... 11,000 39,340 Toei Co., Ltd...................................... 5,000 28,959 Toho Bank, Ltd. (The).............................. 6,000 21,068 Toho Co., Ltd.(6895211)............................ 1,000 3,704 Toho Co., Ltd.(6895200)............................ 1,700 38,466 Toho Gas Co., Ltd.................................. 12,000 65,205 Toho Holdings Co., Ltd............................. 2,900 40,391 Toho Zinc Co., Ltd................................. 5,000 15,695 Tohoku Electric Power Co., Inc..................... 6,000 75,580 Tokai Carbon Co., Ltd.............................. 8,000 23,050 TOKAI Holdings Corp................................ 4,600 20,725 Tokai Rika Co., Ltd................................ 2,800 57,658 Token Corp......................................... 120 4,973 Tokio Marine Holdings, Inc......................... 15,400 537,648 Tokushu Tokai Paper Co., Ltd....................... 4,000 9,865 # Tokuyama Corp...................................... 18,000 39,985 # Tokyo Dome Corp.................................... 8,000 37,002 Tokyo Electron, Ltd................................ 3,400 237,977 Tokyo Energy & Systems, Inc........................ 2,000 14,305 Tokyo Gas Co., Ltd................................. 51,000 304,221 Tokyo Seimitsu Co., Ltd............................ 2,100 42,705 Tokyo Steel Manufacturing Co., Ltd................. 400 3,006 Tokyo Tatemono Co., Ltd............................ 16,000 108,019 * Tokyo TY Financial Group, Inc...................... 585 16,745 Tokyu Corp......................................... 15,000 99,275 Tokyu Fudosan Holdings Corp........................ 14,000 86,773 TOMONY Holdings, Inc............................... 4,800 20,723 # Tomy Co., Ltd...................................... 7,000 38,776 Tonami Holdings Co., Ltd........................... 3,000 10,579 TonenGeneral Sekiyu K.K............................ 6,000 53,044 Topcon Corp........................................ 2,700 53,502 Toppan Forms Co., Ltd.............................. 2,200 22,859 Toppan Printing Co., Ltd........................... 24,000 160,321 Topre Corp......................................... 2,800 38,508 Topy Industries, Ltd............................... 8,000 18,017 Toray Industries, Inc.............................. 46,000 391,832 Toshiba Corp....................................... 52,000 207,926 Toshiba Machine Co., Ltd........................... 8,000 30,678 Toshiba Plant Systems & Services Corp.............. 2,000 30,656 Toshiba TEC Corp................................... 2,000 12,337 Tosoh Corp......................................... 23,000 123,990 Totetsu Kogyo Co., Ltd............................. 1,300 31,029 TOTO, Ltd.......................................... 8,000 88,315 Towa Bank, Ltd. (The).............................. 35,000 28,736 Towa Pharmaceutical Co., Ltd....................... 200 9,097 Toyo Construction Co., Ltd......................... 2,700 12,936 Toyo Ink SC Holdings Co., Ltd...................... 9,000 42,128 1075 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Toyo Kanetsu K.K................................... 8,000 $ 16,337 Toyo Kohan Co., Ltd................................ 3,000 15,398 Toyo Seikan Group Holdings, Ltd.................... 8,800 112,905 # Toyo Tanso Co., Ltd................................ 1,200 19,244 Toyo Tire & Rubber Co., Ltd........................ 6,000 135,142 Toyobo Co., Ltd.................................... 70,000 94,146 Toyoda Gosei Co., Ltd.............................. 3,600 79,306 # Toyota Boshoku Corp................................ 4,500 59,404 Toyota Motor Corp.................................. 22,255 1,434,800 Toyota Motor Corp. Sponsored ADR................... 11,495 1,481,131 Toyota Tsusho Corp................................. 8,000 189,460 TPR Co., Ltd....................................... 1,400 35,427 Trancom Co., Ltd................................... 800 34,307 Transcosmos, Inc................................... 1,400 24,509 Trusco Nakayama Corp............................... 400 10,653 TS Tech Co., Ltd................................... 1,900 47,871 Tsubakimoto Chain Co............................... 7,000 56,360 # Tsugami Corp....................................... 1,000 5,712 Tsukuba Bank, Ltd.................................. 5,900 17,224 Tsukui Corp........................................ 600 5,545 # Tsumura & Co....................................... 1,500 34,134 Tsuruha Holdings, Inc.............................. 1,200 80,635 # UACJ Corp.......................................... 8,000 19,648 Ube Industries, Ltd................................ 49,000 73,385 * Ulvac, Inc......................................... 4,200 60,159 Unicharm Corp...................................... 13,000 358,198 Unipres Corp....................................... 1,300 22,615 United Arrows, Ltd................................. 1,600 45,477 # Universal Entertainment Corp....................... 500 8,454 # UNY Group Holdings Co., Ltd........................ 7,400 42,576 #* Usen Corp.......................................... 9,900 25,948 # Ushio, Inc......................................... 5,500 63,718 USS Co., Ltd....................................... 2,200 34,515 Valor Co., Ltd..................................... 1,200 22,636 Vital KSK Holdings, Inc............................ 1,000 7,682 VT Holdings Co., Ltd............................... 6,800 27,366 Wacoal Holdings Corp............................... 3,000 29,736 # Wacom Co., Ltd..................................... 4,400 18,591 Wakita & Co., Ltd.................................. 2,800 26,539 # WATAMI Co., Ltd.................................... 1,700 16,827 Welcia Holdings Co., Ltd........................... 600 22,085 West Japan Railway Co.............................. 3,300 169,731 Xebio Co., Ltd..................................... 1,700 26,314 # Yahoo Japan Corp................................... 10,000 33,631 Yaizu Suisankagaku Industry Co., Ltd............... 200 1,751 Yakult Honsha Co., Ltd............................. 1,300 78,736 # Yamada Denki Co., Ltd.............................. 49,400 183,528 # Yamagata Bank, Ltd. (The).......................... 10,000 42,206 Yamaguchi Financial Group, Inc..................... 10,000 104,040 Yamaha Corp........................................ 8,500 123,784 Yamaha Motor Co., Ltd.............................. 6,700 146,947 Yamanashi Chuo Bank, Ltd. (The).................... 9,000 35,943 Yamato Holdings Co., Ltd........................... 4,700 106,297 1076 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Yamato Kogyo Co., Ltd.............................. 1,600 $ 41,177 Yamazaki Baking Co., Ltd........................... 2,000 29,446 Yamazen Corp....................................... 3,900 27,416 Yaoko Co., Ltd..................................... 200 13,002 # Yaskawa Electric Corp.............................. 7,700 98,437 Yasuda Logistics Corp.............................. 1,500 13,136 Yellow Hat, Ltd.................................... 400 7,824 Yokogawa Bridge Holdings Corp...................... 2,300 25,766 Yokogawa Electric Corp............................. 9,200 96,321 Yokohama Reito Co., Ltd............................ 3,900 27,053 Yokohama Rubber Co., Ltd. (The).................... 10,000 94,080 Yondenko Corp...................................... 2,000 7,693 Yorozu Corp........................................ 600 11,619 Yuasa Trading Co., Ltd............................. 1,500 30,866 # Zensho Holdings Co., Ltd........................... 5,600 50,633 Zeon Corp.......................................... 9,000 91,906 ZERIA Pharmaceutical Co., Ltd...................... 1,100 17,807 ----------- TOTAL JAPAN............................................ 72,042,174 ----------- NETHERLANDS -- (2.9%) Aalberts Industries NV............................. 4,382 126,205 Aegon NV........................................... 98,629 702,915 Akzo Nobel NV...................................... 10,516 757,585 Amsterdam Commodities NV........................... 1,121 26,725 #* APERAM SA.......................................... 2,305 59,837 Arcadis NV......................................... 907 27,451 ArcelorMittal(B03XPL1)............................. 12,432 118,771 # ArcelorMittal(B295F26)............................. 40,556 390,960 ASM International NV............................... 2,193 89,476 ASML Holding NV(B929F46)........................... 1,373 143,206 ASML Holding NV(B908F01)........................... 3,126 324,916 Beter Bed Holding NV............................... 515 10,101 BinckBank NV....................................... 2,442 20,059 Boskalis Westminster NV............................ 4,440 196,286 Brunel International NV............................ 1,064 17,263 Corbion NV......................................... 1,390 23,026 Delta Lloyd NV..................................... 10,870 205,374 Fugro NV........................................... 2,254 48,878 #* Galapagos NV....................................... 2,035 41,619 # Gemalto NV......................................... 2,948 213,457 * Grontmij........................................... 4,628 18,555 # Heijmans NV........................................ 1,353 12,936 Heineken NV........................................ 4,475 333,961 Hunter Douglas NV.................................. 235 9,486 * ING Groep NV....................................... 5,671 70,504 #* ING Groep NV Sponsored ADR......................... 56,475 702,549 Kendrion NV........................................ 337 9,217 Koninklijke Ahold NV............................... 29,187 526,785 Koninklijke BAM Groep NV........................... 12,170 36,527 Koninklijke DSM NV................................. 6,836 362,587 Koninklijke KPN NV................................. 172,463 532,286 Koninklijke Philips NV(500472303).................. 12,043 332,266 Koninklijke Philips NV(5986622).................... 16,718 460,997 1077 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- NETHERLANDS -- (Continued) # Koninklijke Ten Cate NV............................ 1,141 $ 25,280 Koninklijke Vopak NV............................... 2,786 155,368 Nutreco NV......................................... 2,038 103,786 * PostNL NV.......................................... 19,131 69,203 Randstad Holding NV................................ 3,983 209,362 Reed Elsevier NV................................... 29,112 711,746 Reed Elsevier NV Sponsored ADR..................... 2,642 128,877 * Royal Imtech NV.................................... 2,566 11,833 * SBM Offshore NV.................................... 13,361 145,773 Sligro Food Group NV............................... 404 15,414 * Telegraaf Media Groep NV........................... 581 3,741 TKH Group NV....................................... 1,615 50,216 TNT Express NV..................................... 3,969 25,959 * TomTom NV.......................................... 2,056 13,510 Unilever NV(904784709)............................. 23,630 1,024,833 Unilever NV(B12T3J1)............................... 4,559 197,699 USG People NV...................................... 1,366 15,743 Wolters Kluwer NV.................................. 18,607 555,844 ----------- TOTAL NETHERLANDS...................................... 10,416,953 ----------- NEW ZEALAND -- (0.2%) Auckland International Airport, Ltd................ 28,733 92,931 * Chorus, Ltd. ADR................................... 880 8,316 Contact Energy, Ltd................................ 10,120 51,938 Ebos Group, Ltd.................................... 2,665 18,292 Fisher & Paykel Healthcare Corp., Ltd.............. 13,276 59,864 Fletcher Building, Ltd.(6341606)................... 13,458 81,754 Fletcher Building, Ltd.(6341617)................... 1,711 10,358 Freightways, Ltd................................... 2,616 11,360 Infratil, Ltd...................................... 20,130 46,216 # Kathmandu Holdings, Ltd............................ 8,976 13,129 Mainfreight, Ltd................................... 3,098 36,021 Metlifecare, Ltd................................... 2,076 7,239 * New Zealand Refining Co., Ltd. (The)............... 7,267 13,408 Nuplex Industries, Ltd............................. 5,854 12,683 # Port of Tauranga, Ltd.............................. 1,623 20,930 Ryman Healthcare, Ltd.............................. 12,632 75,618 Sky Network Television, Ltd........................ 6,556 28,827 SKYCITY Entertainment Group, Ltd................... 10,107 28,834 Spark New Zealand, Ltd............................. 61,742 147,946 Steel & Tube Holdings, Ltd......................... 4,051 8,467 # TrustPower, Ltd.................................... 3,375 20,549 * Xero, Ltd.......................................... 2,290 25,849 ----------- TOTAL NEW ZEALAND...................................... 820,529 ----------- NORWAY -- (0.8%) ABG Sundal Collier Holding ASA..................... 10,039 6,219 # Akastor ASA........................................ 3,915 9,625 Aker ASA Class A................................... 951 20,312 * Aker Solutions ASA................................. 3,915 19,112 American Shipping ASA.............................. 285 1,101 * Archer, Ltd........................................ 14,654 5,814 1078 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- NORWAY -- (Continued) Atea ASA........................................... 2,131 $ 23,671 Austevoll Seafood ASA.............................. 5,066 29,586 Bakkafrost P/F..................................... 1,935 40,200 BW Offshore, Ltd................................... 28,042 26,967 #* Det Norske Oljeselskap ASA......................... 2,204 9,209 DNB ASA............................................ 17,969 260,346 #* DNO ASA............................................ 28,000 61,692 * DOF ASA............................................ 1,800 2,451 * Dolphin Group A.S.................................. 13,567 4,746 Ekornes ASA........................................ 454 5,656 Farstad Shipping ASA............................... 124 586 Fred Olsen Energy ASA.............................. 869 7,283 Gjensidige Forsikring ASA.......................... 4,722 79,606 Golar LNG, Ltd..................................... 568 16,108 # Golden Ocean Group, Ltd............................ 14,618 9,037 # Hexagon Composites ASA............................. 6,571 16,049 * Hoegh LNG Holdings, Ltd............................ 1,560 15,343 * Kongsberg Automotive ASA........................... 23,789 18,703 # Kongsberg Gruppen ASA.............................. 1,943 32,859 Kvaerner ASA....................................... 5,584 6,502 Leroey Seafood Group ASA........................... 940 32,958 Marine Harvest ASA................................. 6,719 87,897 #* Nordic Semiconductor ASA........................... 8,606 59,433 Norsk Hydro ASA.................................... 64,128 376,864 * Norske Skogindustrier ASA.......................... 2,500 2,289 #* Norwegian Air Shuttle ASA.......................... 1,098 43,132 # Opera Software ASA................................. 2,172 28,773 Orkla ASA.......................................... 16,184 119,273 # Petroleum Geo-Services ASA......................... 6,854 37,267 Prosafe SE......................................... 4,546 12,137 #* REC Silicon ASA.................................... 77,614 16,574 Salmar ASA......................................... 2,031 31,355 Schibsted ASA...................................... 2,038 131,283 * Songa Offshore..................................... 6,531 1,296 SpareBank 1 SMN.................................... 2,099 14,877 SpareBank 1 SR Bank ASA............................ 6,486 40,729 Statoil ASA........................................ 18,941 317,191 # Statoil ASA Sponsored ADR.......................... 5,319 89,359 Stolt-Nielsen, Ltd................................. 1,153 18,205 * Storebrand ASA..................................... 20,185 61,019 Subsea 7 SA........................................ 13,700 116,539 Telenor ASA........................................ 17,226 370,062 TGS Nopec Geophysical Co. ASA...................... 3,225 74,806 Tomra Systems ASA.................................. 1,800 14,462 Veidekke ASA....................................... 2,729 28,207 Wilh Wilhelmsen ASA................................ 3,408 19,037 Wilh Wilhelmsen Holding ASA Class A................ 88 1,707 Yara International ASA............................. 3,434 178,782 ---------- TOTAL NORWAY........................................... 3,054,296 ---------- PORTUGAL -- (0.3%) Altri SGPS SA...................................... 8,166 28,286 #* Banco Comercial Portugues SA....................... 1,071,296 75,447 1079 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- PORTUGAL -- (Continued) * Banco Espirito Santo SA............................ 18,689 $ -- EDP - Energias de Portugal SA...................... 69,767 265,389 EDP Renovaveis SA.................................. 10,535 70,422 Galp Energia SGPS SA............................... 23,298 246,129 Jeronimo Martins SGPS SA........................... 12,062 129,743 Mota-Engil SGPS SA................................. 4,412 13,491 NOS SGPS........................................... 10,831 68,759 Portucel SA........................................ 11,580 46,716 # Portugal Telecom SGPS SA........................... 23,776 16,571 # Portugal Telecom SGPS SA Sponsored ADR............. 2,200 1,591 REN - Redes Energeticas Nacionais SGPS SA.......... 13,627 38,644 Semapa-Sociedade de Investimento e Gestao.......... 2,982 34,909 Sonae SGPS SA...................................... 30,547 39,992 ---------- TOTAL PORTUGAL......................................... 1,076,089 ---------- SINGAPORE -- (1.2%) Banyan Tree Holdings, Ltd.......................... 47,000 18,205 #* Biosensors International Group, Ltd................ 28,000 13,334 Boustead Singapore, Ltd............................ 17,000 22,605 Bukit Sembawang Estates, Ltd....................... 5,000 19,666 Bund Center Investment, Ltd........................ 21,000 3,075 CapitaLand, Ltd.................................... 59,000 151,428 Chip Eng Seng Corp., Ltd........................... 45,000 30,165 City Developments, Ltd............................. 17,000 126,004 ComfortDelGro Corp., Ltd........................... 81,000 171,761 Cosco Corp. Singapore, Ltd......................... 21,000 8,384 CSE Global, Ltd.................................... 38,000 16,412 CWT, Ltd........................................... 21,000 26,077 DBS Group Holdings, Ltd............................ 34,991 510,155 # Ezion Holdings, Ltd................................ 51,800 48,566 # Ezra Holdings, Ltd................................. 26,001 10,168 First Resources, Ltd............................... 33,000 45,326 Genting Hong Kong, Ltd............................. 96,000 34,832 Global Logistic Properties, Ltd.................... 57,000 106,350 GMG Global, Ltd.................................... 304,000 14,331 Great Eastern Holdings, Ltd........................ 2,000 35,746 GuocoLand, Ltd..................................... 17,666 23,454 GuocoLeisure, Ltd.................................. 43,000 30,298 Ho Bee Land, Ltd................................... 17,000 26,002 Hutchison Port Holdings Trust...................... 153,000 109,098 # Hyflux, Ltd........................................ 26,000 18,294 Indofood Agri Resources, Ltd....................... 18,000 9,411 k1 Ventures, Ltd................................... 21,000 2,897 Keppel Corp., Ltd.................................. 20,400 131,020 Keppel Infrastructure Trust........................ 800 633 Keppel Land, Ltd................................... 36,000 120,725 Keppel Telecommunications & Transportation, Ltd.... 3,000 3,857 Lian Beng Group, Ltd............................... 30,000 13,944 #* Linc Energy, Ltd................................... 14,004 6,009 M1, Ltd............................................ 11,000 30,415 Midas Holdings, Ltd................................ 71,000 17,766 # Nam Cheong, Ltd.................................... 80,000 18,502 Noble Group, Ltd................................... 147,000 114,990 1080 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) NSL, Ltd........................................... 2,000 $ 2,380 Olam International, Ltd............................ 14,000 20,382 OSIM International, Ltd............................ 15,000 21,457 OUE Hospitality Trust.............................. 2,167 1,498 OUE, Ltd........................................... 13,000 21,112 Oversea-Chinese Banking Corp., Ltd................. 42,203 323,704 Petra Foods, Ltd................................... 17,000 50,119 Raffles Education Corp., Ltd....................... 5,310 1,296 Raffles Medical Group, Ltd......................... 13,000 38,107 SATS, Ltd.......................................... 32,460 70,947 SembCorp Industries, Ltd........................... 24,000 76,319 # SembCorp Marine, Ltd............................... 7,000 15,490 Sinarmas Land, Ltd................................. 66,000 31,624 Singapore Airlines, Ltd............................ 19,000 177,470 Singapore Exchange, Ltd............................ 12,000 68,843 # Singapore Press Holdings, Ltd...................... 35,000 106,736 Singapore Technologies Engineering, Ltd............ 40,000 99,220 Singapore Telecommunications, Ltd.................. 109,000 328,250 Stamford Land Corp., Ltd........................... 32,000 13,346 StarHub, Ltd....................................... 8,000 24,692 # Super Group, Ltd................................... 18,000 14,750 # Swiber Holdings, Ltd............................... 100,500 14,174 Tat Hong Holdings, Ltd............................. 24,000 13,091 Triyards holdings, Ltd............................. 2,300 803 United Engineers, Ltd.............................. 16,000 35,891 United Envirotech, Ltd............................. 29,000 34,759 United Industrial Corp., Ltd....................... 40,000 104,153 United Overseas Bank, Ltd.......................... 16,359 279,751 UOB-Kay Hian Holdings, Ltd......................... 11,000 12,259 UOL Group, Ltd..................................... 14,451 76,906 * Vard Holdings, Ltd................................. 23,000 8,560 Venture Corp., Ltd................................. 14,000 84,070 Wilmar International, Ltd.......................... 17,000 40,344 Wing Tai Holdings, Ltd............................. 13,510 18,257 Yongnam Holdings, Ltd.............................. 113,000 14,930 ---------- TOTAL SINGAPORE........................................ 4,335,595 ---------- SPAIN -- (2.6%) Abengoa SA......................................... 1,793 5,727 Abengoa SA Class B................................. 14,193 41,934 Abertis Infraestructuras SA........................ 14,912 292,014 * Acciona SA......................................... 1,551 110,871 Acerinox SA........................................ 6,187 92,109 ACS Actividades de Construccion y Servicios SA..... 5,778 200,941 Adveo Group International SA....................... 590 8,650 * Almirall SA........................................ 2,303 40,175 Amadeus IT Holding SA Class A...................... 12,498 501,223 Atresmedia Corp de Medios de Comunicacion SA....... 2,220 32,619 Banco Bilbao Vizcaya Argentaria SA................. 52,740 450,520 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR... 27,431 233,714 Banco de Sabadell SA............................... 148,741 375,880 * Banco Popular...................................... 315 1,336 Banco Popular Espanol SA........................... 74,626 315,441 1081 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- SPAIN -- (Continued) Banco Santander SA................................. 147,994 $995,418 Banco Santander SA Sponsored ADR................... 43,217 289,122 * Bankia SA.......................................... 124,939 163,405 Bankinter SA....................................... 19,356 134,477 * Baron de Ley....................................... 128 11,131 Bolsas y Mercados Espanoles SA..................... 3,931 161,596 CaixaBank SA....................................... 33,433 145,626 * Caja de Ahorros del Mediterraneo................... 233 -- #* Cementos Portland Valderrivas SA................... 155 1,028 Cie Automotive SA.................................. 2,547 36,665 Construcciones y Auxiliar de Ferrocarriles SA...... 77 25,886 Distribuidora Internacional de Alimentacion SA..... 16,825 108,927 Duro Felguera SA................................... 6,898 27,686 Ebro Foods SA...................................... 1,132 19,262 Elecnor SA......................................... 3 28 Enagas SA.......................................... 9,841 311,640 Ence Energia y Celulosa S.A........................ 11,101 33,199 Faes Farma SA(B1PQHS6)............................. 7,883 16,052 * Faes Farma SA(BTGQBZ6)............................. 291 594 Ferrovial SA....................................... 8,192 162,520 * Fomento de Construcciones y Contratas SA........... 1,468 18,172 * Gamesa Corp. Tecnologica SA........................ 9,484 93,766 Gas Natural SDG SA................................. 7,972 187,133 Grifols SA......................................... 2,651 111,208 Grupo Catalana Occidente SA........................ 1,384 39,572 Iberdrola SA....................................... 129,648 894,886 Inditex SA......................................... 13,614 401,253 Indra Sistemas SA.................................. 5,229 53,418 * Jazztel P.L.C...................................... 6,108 86,538 Mapfre SA.......................................... 26,245 88,350 * Mediaset Espana Comunicacion SA.................... 3,538 43,072 Melia Hotels International SA...................... 3,189 36,631 Miquel y Costas & Miquel SA........................ 155 5,371 * NH Hotel Group SA.................................. 1,077 5,317 Obrascon Huarte Lain SA............................ 1,609 37,179 Papeles y Cartones de Europa SA.................... 2,357 11,330 * Pescanova SA....................................... 1,279 -- * Promotora de Informaciones SA Class A.............. 4,718 1,251 Prosegur Cia de Seguridad SA....................... 11,835 65,824 * Realia Business SA................................. 8,376 5,768 Repsol SA.......................................... 16,299 288,727 Repsol SA Sponsored ADR............................ 4,718 83,980 * Sacyr SA........................................... 10,782 39,875 Tecnicas Reunidas SA............................... 1,107 43,048 Telefonica SA...................................... 60,849 912,459 Telefonica SA Sponsored ADR........................ 17,483 260,672 Tubacex SA......................................... 5,015 14,670 Tubos Reunidos SA.................................. 1,662 2,976 Vidrala SA......................................... 520 25,844 Viscofan SA........................................ 1,659 95,986 * Vocento SA......................................... 844 1,581 1082 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SPAIN -- (Continued) Zardoya Otis SA.................................... 7,879 $ 89,728 ---------- TOTAL SPAIN............................................ 9,393,001 ---------- SWEDEN -- (3.4%) AAK AB............................................. 1,087 59,043 AddTech AB Class B................................. 1,872 26,428 AF AB Class B...................................... 3,170 48,562 Alfa Laval AB...................................... 7,045 130,862 Assa Abloy AB Class B.............................. 7,064 385,793 Atlas Copco AB Class A............................. 17,376 514,480 Atlas Copco AB Class B............................. 10,812 295,721 Atrium Ljungberg AB Class B........................ 2,034 30,651 Avanza Bank Holding AB............................. 1,203 39,680 Axfood AB.......................................... 691 41,937 # Axis Communications AB............................. 2,030 54,343 B&B Tools AB Class B............................... 1,109 18,972 Beijer Ref AB Class B.............................. 522 8,481 Betsson AB......................................... 1,322 49,541 Bilia AB Class A................................... 992 30,086 BillerudKorsnas AB................................. 2,884 43,778 BioGaia AB Class B................................. 462 10,038 Bjoern Borg AB..................................... 385 1,077 Boliden AB......................................... 18,626 290,970 Byggmax Group AB................................... 3,589 23,813 Castellum AB....................................... 6,807 107,036 Clas Ohlson AB Class B............................. 1,454 22,482 * Cloetta AB Class B................................. 6,574 19,910 Concentric AB...................................... 1,936 24,732 Duni AB............................................ 2,923 43,213 Electrolux AB Series B............................. 7,766 239,026 Elekta AB Class B.................................. 18,679 200,227 #* Eniro AB........................................... 3,508 2,161 Fabege AB.......................................... 4,911 67,038 Getinge AB Class B................................. 11,323 279,083 Gunnebo AB......................................... 1,977 9,621 Haldex AB.......................................... 3,031 40,929 Hennes & Mauritz AB Class B........................ 16,062 660,738 Hexagon AB Class B................................. 7,915 250,613 Hexpol AB.......................................... 1,122 112,566 HIQ International AB............................... 2,384 12,338 Holmen AB Class B.................................. 3,136 113,150 Hufvudstaden AB Class A............................ 111 1,454 Husqvarna AB Class A............................... 3,992 27,859 Husqvarna AB Class B............................... 16,439 114,172 ICA Gruppen AB..................................... 3,806 146,232 Industrial & Financial Systems Class B............. 1,168 35,963 Indutrade AB....................................... 831 33,823 Intrum Justitia AB................................. 3,214 85,530 JM AB.............................................. 3,716 122,315 Kungsleden AB...................................... 6,798 52,077 Lagercrantz AB Class B............................. 480 8,395 * Lindab International AB............................ 2,338 19,359 Loomis AB Class B.................................. 1,238 36,631 1083 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWEDEN -- (Continued) * Lundin Petroleum AB................................ 9,610 $124,671 Meda AB Class A.................................... 12,024 169,347 #* Medivir AB Class B................................. 1,257 14,900 Mekonomen AB....................................... 1,588 37,302 Millicom International Cellular SA................. 1,197 76,333 Modern Times Group AB Class B...................... 1,582 44,773 # Mycronic AB........................................ 11,440 39,981 NCC AB Class A..................................... 392 12,687 NCC AB Class B..................................... 5,374 173,765 Net Entertainment NE AB............................ 1,119 35,455 New Wave Group AB Class B.......................... 752 3,979 Nibe Industrier AB Class B......................... 3,412 86,672 Nobia AB........................................... 6,331 54,885 Nolato AB Class B.................................. 1,124 26,971 Nordea Bank AB..................................... 41,814 530,861 Nordnet AB Class B................................. 6,239 20,910 #* PA Resources AB.................................... 3 -- Peab AB............................................ 11,052 79,488 # Ratos AB Class B................................... 6,988 43,660 * Rezidor Hotel Group AB............................. 6,804 25,541 Saab AB Class B.................................... 3,378 82,229 Sandvik AB......................................... 35,848 376,282 #* SAS AB............................................. 6,947 13,897 Securitas AB Class B............................... 20,750 252,920 Skandinaviska Enskilda Banken AB Class A........... 36,986 445,370 Skanska AB Class B................................. 11,337 251,276 SKF AB Class A..................................... 1,117 26,385 SKF AB Class B..................................... 14,847 349,972 SkiStar AB......................................... 1,243 12,703 #* SSAB AB Class A(B17H0S8)........................... 9,370 45,504 #* SSAB AB Class A(BPRBWK4)........................... 1,911 9,295 * SSAB AB Class B(B17H3F6)........................... 8,498 36,572 * SSAB AB Class B(BPRBWM6)........................... 4,879 21,104 Svenska Cellulosa AB Class A....................... 1,455 35,130 Svenska Cellulosa AB Class B....................... 23,902 576,136 Svenska Handelsbanken AB Class A................... 9,663 457,581 Svenska Handelsbanken AB Class B................... 619 28,852 Swedbank AB Class A................................ 12,662 306,304 Swedish Match AB................................... 9,690 315,477 * Swedish Orphan Biovitrum AB........................ 3,893 40,806 Systemair AB....................................... 348 4,251 Tele2 AB Class B................................... 5,528 62,537 Telefonaktiebolaget LM Ericsson Class A............ 2,994 35,030 Telefonaktiebolaget LM Ericsson Class B............ 51,438 623,647 Telefonaktiebolaget LM Ericsson Sponsored ADR...... 20,310 246,360 TeliaSonera AB..................................... 56,613 348,836 Trelleborg AB Class B.............................. 8,996 162,693 Unibet Group P.L.C................................. 1,240 73,846 Vitrolife AB....................................... 1,098 23,382 Volvo AB Class A................................... 7,466 87,909 Volvo AB Class B................................... 30,074 352,083 Wallenstam AB Class B.............................. 3,723 61,636 1084 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SWEDEN -- (Continued) Wihlborgs Fastigheter AB........................... 2,227 $ 43,587 ----------- TOTAL SWEDEN........................................... 12,404,702 ----------- SWITZERLAND -- (6.9%) ABB, Ltd........................................... 30,839 592,917 ABB, Ltd. Sponsored ADR............................ 16,629 318,279 Adecco SA.......................................... 4,908 366,645 # AFG Arbonia-Forster Holding AG..................... 960 17,222 Allreal Holding AG................................. 448 70,437 Alpiq Holding AG................................... 48 3,392 ams AG............................................. 2,055 80,435 Autoneum Holding AG................................ 181 30,295 Baloise Holding AG................................. 1,538 200,197 Bank Coop AG....................................... 211 9,334 Banque Cantonale Vaudoise.......................... 96 56,012 Barry Callebaut AG................................. 89 88,743 Basler Kantonalbank................................ 208 14,384 Belimo Holding AG.................................. 4 9,253 Berner Kantonalbank AG............................. 157 30,888 Bobst Group SA..................................... 718 21,902 Bossard Holding AG Class A......................... 136 14,082 Bucher Industries AG............................... 223 54,709 Burckhardt Compression Holding AG.................. 133 41,141 Burkhalter Holding AG.............................. 229 24,275 * Charles Voegele Holding AG......................... 527 7,549 Chocoladefabriken Lindt & Sprungli AG.............. 2 125,990 Cie Financiere Richemont SA........................ 8,465 703,256 Clariant AG........................................ 13,120 210,789 Conzzeta AG........................................ 18 58,381 Credit Suisse Group AG............................. 21,840 459,860 Credit Suisse Group AG Sponsored ADR............... 21,939 461,597 Daetwyler Holding AG............................... 429 51,178 DKSH Holding AG.................................... 1,238 93,981 * Dufry AG........................................... 1,066 156,598 Emmi AG............................................ 73 23,839 EMS-Chemie Holding AG.............................. 350 135,207 Energiedienst Holding AG........................... 195 5,936 Flughafen Zuerich AG............................... 107 72,847 Galenica AG........................................ 117 94,018 Gategroup Holding AG............................... 959 26,617 Geberit AG......................................... 1,279 436,963 Givaudan SA........................................ 398 725,484 Helvetia Holding AG................................ 239 121,912 Holcim, Ltd........................................ 9,921 693,605 Huber & Suhner AG.................................. 684 30,450 Implenia AG........................................ 638 34,896 Inficon Holding AG................................. 107 35,885 Interroll Holding AG............................... 25 12,752 Intershop Holdings AG.............................. 64 25,779 Julius Baer Group, Ltd............................. 9,787 398,176 Kudelski SA........................................ 2,490 28,522 Kuehne + Nagel International AG.................... 1,614 222,174 Kuoni Reisen Holding AG............................ 123 41,291 1085 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) LEM Holding SA..................................... 36 $ 27,658 Liechtensteinische Landesbank AG................... 694 29,403 Logitech International SA.......................... 7,268 106,870 Lonza Group AG..................................... 1,751 207,382 Luzerner Kantonalbank AG........................... 100 38,235 Metall Zug AG...................................... 9 21,977 #* Meyer Burger Technology AG......................... 3,607 22,376 * Mobilezone Holding AG.............................. 2,139 25,610 Mobimo Holding AG.................................. 288 66,518 Nestle SA.......................................... 33,974 2,594,627 Novartis AG........................................ 11,118 1,083,479 Novartis AG ADR.................................... 20,867 2,032,446 OC Oerlikon Corp. AG............................... 640 7,280 * Orascom Development Holding AG..................... 654 11,248 Orior AG........................................... 397 23,132 Panalpina Welttransport Holding AG................. 290 35,510 Partners Group Holding AG.......................... 577 154,417 Phoenix Mecano AG.................................. 30 13,468 Rieter Holding AG.................................. 198 28,718 Roche Holding AG(7108918).......................... 531 145,665 Roche Holding AG(7110388).......................... 14,338 3,864,340 Schindler Holding AG............................... 551 80,234 Schweiter Technologies AG.......................... 15 11,334 SGS SA............................................. 148 280,740 Sika AG............................................ 114 391,533 Sonova Holding AG.................................. 1,312 172,366 St Galler Kantonalbank AG.......................... 77 29,241 Straumann Holding AG............................... 258 58,277 Sulzer AG.......................................... 1,178 124,727 Swatch Group AG (The)(7184725)..................... 716 284,763 Swatch Group AG (The)(7184736)..................... 1,228 90,273 Swiss Life Holding AG.............................. 1,101 245,692 Swiss Re AG........................................ 11,143 1,005,181 Swisscom AG........................................ 1,044 612,116 Swissquote Group Holding SA........................ 501 13,040 Syngenta AG........................................ 2,005 653,096 Syngenta AG ADR.................................... 1,500 97,620 Tecan Group AG..................................... 432 43,595 Temenos Group AG................................... 1,495 45,503 U-Blox AG.......................................... 336 48,041 UBS Group AG(BRJL176).............................. 29,907 501,273 * UBS Group AG(H42097107)............................ 34,938 582,766 Valiant Holding AG................................. 340 27,745 Valora Holding AG.................................. 40 9,678 Vaudoise Assurances Holding SA Class B............. 47 22,115 Vetropack Holding AG............................... 6 8,708 * Von Roll Holding AG................................ 4,126 5,840 Vontobel Holding AG................................ 879 29,383 VP Bank AG......................................... 66 5,326 * Walter Meier AG.................................... 300 13,780 Zehnder Group AG................................... 480 20,929 Zug Estates Holding AG............................. 5 6,990 Zuger Kantonalbank AG.............................. 2 9,694 1086 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Zurich Insurance Group AG.......................... 3,698 $ 1,226,176 ----------- TOTAL SWITZERLAND...................................... 24,838,208 ----------- UNITED KINGDOM -- (17.3%) A.G.BARR P.L.C..................................... 1,821 17,304 Aberdeen Asset Management P.L.C.................... 62,354 409,312 Acacia Mining P.L.C................................ 156 663 Admiral Group P.L.C................................ 6,494 141,273 * Afren P.L.C........................................ 43,528 3,505 * Aga Rangemaster Group P.L.C........................ 991 1,533 Aggreko P.L.C...................................... 5,737 133,798 Alent P.L.C........................................ 4,164 22,868 Amec Foster Wheeler P.L.C.......................... 18,608 222,482 Amlin P.L.C........................................ 35,774 262,127 Anglo American P.L.C............................... 31,855 532,094 Anglo Pacific Group P.L.C.......................... 9,390 11,956 Antofagasta P.L.C.................................. 14,119 137,662 ARM Holdings P.L.C................................. 5,384 83,912 ARM Holdings P.L.C. Sponsored ADR.................. 8,359 391,536 # Ashmore Group P.L.C................................ 6,735 28,343 Ashtead Group P.L.C................................ 25,129 408,912 AstraZeneca P.L.C. Sponsored ADR................... 23,011 1,634,701 Aviva P.L.C........................................ 69,385 550,493 # Aviva P.L.C. Sponsored ADR......................... 20,693 328,812 Avon Rubber P.L.C.................................. 439 5,245 Babcock International Group P.L.C.................. 12,772 193,131 BAE Systems P.L.C.................................. 90,857 691,659 Balfour Beatty P.L.C............................... 35,417 118,260 Bank of Georgia Holdings P.L.C..................... 1,539 46,984 Barclays P.L.C..................................... 60,528 212,576 Barclays P.L.C. Sponsored ADR...................... 61,066 857,367 Barratt Developments P.L.C......................... 66,795 459,782 BBA Aviation P.L.C................................. 15,321 78,135 Beazley P.L.C...................................... 27,575 119,471 Bellway P.L.C...................................... 6,633 181,582 Berendsen P.L.C.................................... 5,208 87,158 Berkeley Group Holdings P.L.C...................... 7,873 286,977 BG Group P.L.C..................................... 65,877 878,659 Bloomsbury Publishing P.L.C........................ 3,636 8,121 Bodycote P.L.C..................................... 7,134 72,949 Booker Group P.L.C................................. 11,561 25,953 Bovis Homes Group P.L.C............................ 5,933 74,065 BP P.L.C. Sponsored ADR............................ 77,785 3,020,392 Brammer P.L.C...................................... 6,600 34,271 Brewin Dolphin Holdings P.L.C...................... 11,579 50,910 British American Tobacco P.L.C..................... 7,802 440,158 British American Tobacco P.L.C. Sponsored ADR...... 19,364 2,181,355 British Polythene Industries P.L.C................. 1,104 10,676 Britvic P.L.C...................................... 8,403 88,927 BT Group P.L.C..................................... 102,043 640,182 * BTG P.L.C.......................................... 7,993 94,966 Bunzl P.L.C........................................ 9,314 265,327 Burberry Group P.L.C............................... 11,371 295,412 1087 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) # Bwin.Party Digital Entertainment P.L.C............. 8,620 $ 13,820 Cable & Wireless Communications P.L.C.............. 60,555 45,464 Cape P.L.C......................................... 5,529 17,373 Capita P.L.C....................................... 14,941 250,912 Capital & Regional P.L.C........................... 16,688 13,407 Carillion P.L.C.................................... 11,868 60,957 Catlin Group, Ltd.................................. 17,333 181,789 Centamin P.L.C..................................... 60,983 61,607 Centrica P.L.C..................................... 127,540 562,837 Chemring Group P.L.C............................... 3,286 10,689 Chesnara P.L.C..................................... 5,426 28,722 Cineworld Group P.L.C.............................. 8,907 56,773 Close Brothers Group P.L.C......................... 8,413 191,977 Cobham P.L.C....................................... 50,564 247,859 Coca-Cola HBC AG................................... 6,077 97,674 * Colt Group SA...................................... 23,480 46,853 Communisis P.L.C................................... 24,464 20,250 Compass Group P.L.C................................ 35,564 613,168 Computacenter P.L.C................................ 5,423 52,709 Connect Group P.L.C................................ 6,231 13,265 Consort Medical P.L.C.............................. 1,846 23,520 Cranswick P.L.C.................................... 2,118 41,698 Croda International P.L.C.......................... 8,304 331,632 CSR P.L.C.......................................... 6,238 79,924 Daily Mail & General Trust P.L.C................... 13,420 173,853 Dairy Crest Group P.L.C............................ 3,168 23,303 DCC P.L.C.......................................... 2,739 145,127 De La Rue P.L.C.................................... 2,414 18,780 Debenhams P.L.C.................................... 27,433 30,950 Dechra Pharmaceuticals P.L.C....................... 3,170 41,366 Development Securities P.L.C....................... 4,283 15,563 Devro P.L.C........................................ 8,421 35,641 Diageo P.L.C....................................... 9,540 282,390 Diageo P.L.C. Sponsored ADR........................ 11,176 1,320,221 Dignity P.L.C...................................... 517 14,471 Diploma P.L.C...................................... 2,091 23,971 Direct Line Insurance Group P.L.C.................. 32,247 151,227 Dixons Carphone P.L.C.............................. 16,356 106,887 Domino Printing Sciences P.L.C..................... 2,816 28,883 Domino's Pizza Group P.L.C......................... 3,573 36,171 Drax Group P.L.C................................... 20,830 113,023 DS Smith P.L.C..................................... 49,137 233,705 Dunelm Group P.L.C................................. 838 11,081 E2V Technologies P.L.C............................. 3,925 11,080 Electrocomponents P.L.C............................ 10,892 33,467 Elementis P.L.C.................................... 28,161 116,918 * EnQuest P.L.C...................................... 34,923 17,866 * Enterprise Inns P.L.C.............................. 18,852 29,269 Essentra P.L.C..................................... 13,829 172,182 Euromoney Institutional Investor P.L.C............. 754 12,152 Evraz P.L.C........................................ 13,428 34,364 Experian P.L.C..................................... 22,355 393,918 Fenner P.L.C....................................... 8,735 24,256 1088 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Ferrexpo P.L.C..................................... 10,562 $ 7,965 Fidessa Group P.L.C................................ 581 20,957 * Findel P.L.C....................................... 1,988 6,312 * Firstgroup P.L.C................................... 1,273 1,900 * Fortune Oil P.L.C.................................. 50,047 7,397 Fresnillo P.L.C.................................... 4,173 56,367 Friends Life Group, Ltd............................ 51,352 307,079 Fuller Smith & Turner.............................. 636 9,376 G4S P.L.C.......................................... 56,051 240,185 Galliford Try P.L.C................................ 3,318 65,702 * Gem Diamonds, Ltd.................................. 3,300 7,017 Genus P.L.C........................................ 1,188 21,882 GKN P.L.C.......................................... 47,447 262,042 GlaxoSmithKline P.L.C.............................. 9,599 211,358 # GlaxoSmithKline P.L.C. Sponsored ADR............... 40,109 1,764,796 Glencore P.L.C..................................... 166,388 620,391 Go-Ahead Group P.L.C............................... 891 33,084 Grafton Group P.L.C................................ 9,346 94,059 Greencore Group P.L.C.............................. 20,358 94,419 Greene King P.L.C.................................. 7,915 100,004 Greggs P.L.C....................................... 4,943 61,053 Halfords Group P.L.C............................... 12,696 84,707 Halma P.L.C........................................ 14,181 148,385 Hargreaves Lansdown P.L.C.......................... 8,708 132,001 Hays P.L.C......................................... 70,186 163,547 Headlam Group P.L.C................................ 999 6,758 Helical Bar P.L.C.................................. 7,871 45,201 Henderson Group P.L.C.............................. 34,976 124,681 Hikma Pharmaceuticals P.L.C........................ 4,073 144,323 Hill & Smith Holdings P.L.C........................ 3,774 34,571 Hiscox, Ltd........................................ 17,278 190,845 * Hochschild Mining P.L.C............................ 1,326 1,809 Home Retail Group P.L.C............................ 50,141 144,831 Homeserve P.L.C.................................... 3,055 15,470 Howden Joinery Group P.L.C......................... 28,561 182,263 HSBC Holdings P.L.C................................ 16,007 146,451 HSBC Holdings P.L.C. Sponsored ADR................. 49,104 2,245,035 Hunting P.L.C...................................... 7,261 43,227 ICAP P.L.C......................................... 24,324 170,804 IG Group Holdings P.L.C............................ 20,552 223,001 * Imagination Technologies Group P.L.C............... 4,965 18,289 IMI P.L.C.......................................... 9,188 175,950 Imperial Tobacco Group P.L.C....................... 26,727 1,255,340 Inchcape P.L.C..................................... 25,989 271,479 * Indivior P.L.C..................................... 13,473 35,310 Informa P.L.C...................................... 11,597 89,169 Inmarsat P.L.C..................................... 10,496 131,518 Innovation Group P.L.C............................. 128,346 56,481 InterContinental Hotels Group P.L.C. ADR........... 2,132 84,780 Interserve P.L.C................................... 2,930 23,534 Intertek Group P.L.C............................... 3,748 129,085 Investec P.L.C..................................... 32,948 276,837 * IP Group P.L.C..................................... 4,878 17,237 1089 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) ITE Group P.L.C.................................... 6,026 $ 11,852 ITV P.L.C.......................................... 72,400 239,609 J Sainsbury P.L.C.................................. 63,269 242,447 James Fisher & Sons P.L.C.......................... 1,771 29,334 Jardine Lloyd Thompson Group P.L.C................. 5,040 71,610 JD Sports Fashion P.L.C............................ 1,648 12,444 JD Wetherspoon P.L.C............................... 4,105 48,860 John Wood Group P.L.C.............................. 19,202 164,934 Johnson Matthey P.L.C.............................. 8,486 415,165 Jupiter Fund Management P.L.C...................... 9,114 51,843 * KAZ Minerals P.L.C................................. 2,895 8,727 Kcom Group P.L.C................................... 11,870 14,775 Keller Group P.L.C................................. 3,054 40,884 Kier Group P.L.C................................... 1,201 28,272 Kingfisher P.L.C................................... 55,545 285,733 Ladbrokes P.L.C.................................... 4,695 8,180 Laird P.L.C........................................ 7,873 37,743 * Lamprell P.L.C..................................... 15,273 24,938 Lancashire Holdings, Ltd........................... 4,724 43,321 Legal & General Group P.L.C........................ 198,527 797,309 * Liberty Global P.L.C. Class A...................... 118 5,523 * Liberty Global P.L.C. Series C..................... 292 13,296 * Lloyds Banking Group P.L.C......................... 820,267 908,703 * Lloyds Banking Group P.L.C. ADR.................... 32,457 142,486 London Stock Exchange Group P.L.C.................. 2,387 84,751 * Lonmin P.L.C....................................... 21,053 51,561 Lookers P.L.C...................................... 8,574 19,275 Low & Bonar P.L.C.................................. 19,043 14,679 Man Group P.L.C.................................... 52,508 141,359 Marks & Spencer Group P.L.C........................ 50,649 368,174 Marshalls P.L.C.................................... 2,042 7,506 Marston's P.L.C.................................... 32,058 70,718 McBride P.L.C...................................... 7,116 8,616 Mears Group P.L.C.................................. 3,263 20,417 Meggitt P.L.C...................................... 36,215 292,758 Melrose Industries P.L.C........................... 37,945 151,048 Michael Page International P.L.C................... 14,037 98,224 Micro Focus International P.L.C.................... 2,697 42,739 Millennium & Copthorne Hotels P.L.C................ 512 4,440 * Mitchells & Butlers P.L.C.......................... 6,146 39,311 Mitie Group P.L.C.................................. 16,416 66,684 Mondi P.L.C........................................ 16,087 286,974 Moneysupermarket.com Group P.L.C................... 12,316 48,619 Morgan Advanced Materials P.L.C.................... 7,837 35,782 Morgan Sindall Group P.L.C......................... 2,809 28,188 N Brown Group P.L.C................................ 7,241 46,915 National Express Group P.L.C....................... 15,437 59,214 National Grid P.L.C................................ 7,548 106,117 National Grid P.L.C. Sponsored ADR................. 8,308 584,385 Next P.L.C......................................... 2,541 276,126 Northgate P.L.C.................................... 3,633 33,771 Novae Group P.L.C.................................. 169 1,525 Old Mutual P.L.C................................... 131,956 411,686 1090 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- UNITED KINGDOM -- (Continued) * Optos P.L.C........................................ 3,078 $ 11,648 Oxford Instruments P.L.C........................... 349 3,902 Pace P.L.C......................................... 12,999 65,237 PayPoint P.L.C..................................... 1,450 18,082 Pearson P.L.C...................................... 850 17,246 Pearson P.L.C. Sponsored ADR....................... 37,005 749,721 # Pennon Group P.L.C................................. 10,595 141,625 Persimmon P.L.C.................................... 21,578 516,554 * Petra Diamonds, Ltd................................ 10,992 25,344 Petrofac, Ltd...................................... 16,854 178,561 * Petropavlovsk P.L.C................................ 2,951 600 Phoenix Group Holdings............................. 2,853 35,932 Phoenix IT Group P.L.C............................. 1,162 2,463 Playtech P.L.C..................................... 6,282 63,939 Premier Farnell P.L.C.............................. 6,585 16,741 * Premier Foods P.L.C................................ 6,960 4,529 Premier Oil P.L.C.................................. 13,915 30,169 Prudential P.L.C................................... 19,483 473,639 Prudential P.L.C. ADR.............................. 10,517 510,495 PZ Cussons P.L.C................................... 7,054 33,445 QinetiQ Group P.L.C................................ 10,740 30,179 * Quintain Estates & Development P.L.C............... 32,610 47,243 Randgold Resources, Ltd............................ 3,093 265,471 * Raven Russia, Ltd.................................. 5,190 2,909 Reckitt Benckiser Group P.L.C...................... 13,473 1,140,286 Redrow P.L.C....................................... 8,714 36,961 Reed Elsevier P.L.C................................ 12,196 211,735 Reed Elsevier P.L.C. Sponsored ADR................. 4,708 327,206 Regus P.L.C........................................ 15,973 48,563 Renishaw P.L.C..................................... 1,838 64,053 Rentokil Initial P.L.C............................. 52,946 96,393 Restaurant Group P.L.C. (The)...................... 5,452 58,827 Rexam P.L.C........................................ 28,054 179,273 Ricardo P.L.C...................................... 1,818 18,303 Rightmove P.L.C.................................... 3,866 135,057 # Rio Tinto P.L.C. Sponsored ADR..................... 10,230 451,450 Rolls-Royce Holdings P.L.C......................... 33,307 444,982 Rotork P.L.C....................................... 2,625 90,742 * Royal Bank of Scotland Group P.L.C................. -- 1 # Royal Dutch Shell P.L.C.(B03MM73).................. 21,316 1,364,011 Royal Dutch Shell P.L.C.(B03MLX2).................. 2,195 66,894 Royal Dutch Shell P.L.C.(B03MM40).................. 2,289 72,470 Royal Dutch Shell P.L.C. ADR....................... 16,936 1,040,717 RPC Group P.L.C.................................... 13,805 112,377 RPS Group P.L.C.................................... 10,423 28,567 * RSA Insurance Group P.L.C.......................... 37,589 256,499 SABMiller P.L.C.................................... 11,921 649,292 * Salamander Energy P.L.C............................ 7,131 7,521 Savills P.L.C...................................... 6,177 67,787 Schroders P.L.C.(0239581).......................... 1,920 64,588 Schroders P.L.C.(0240549).......................... 3,075 133,626 * SDL P.L.C.......................................... 2,041 13,008 Senior P.L.C....................................... 21,668 100,664 1091 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Serco Group P.L.C.................................. 12,629 $ 29,261 * Severfield P.L.C................................... 19,906 20,271 Severn Trent P.L.C................................. 6,953 225,102 Shanks Group P.L.C................................. 20,199 29,858 Shire P.L.C.(B39JBM7).............................. 1,800 394,668 Shire P.L.C.(B2QKY05).............................. 4,536 331,073 SIG P.L.C.......................................... 22,719 63,007 Sky P.L.C.......................................... 27,451 382,809 Sky P.L.C. Sponsored ADR........................... 2,100 117,180 Smith & Nephew P.L.C. Sponsored ADR................ 5,250 187,950 Smiths Group P.L.C................................. 24,518 414,943 Soco International P.L.C........................... 9,859 38,712 Spectris P.L.C..................................... 5,696 178,992 Speedy Hire P.L.C.................................. 13,614 14,882 Spirax-Sarco Engineering P.L.C..................... 3,154 144,763 Spirent Communications P.L.C....................... 8,253 11,019 Spirit Pub Co. P.L.C............................... 29,354 50,803 * Sports Direct International P.L.C.................. 6,890 73,481 SSE P.L.C.......................................... 32,118 777,212 St Ives P.L.C...................................... 1,554 4,175 St James's Place P.L.C............................. 14,986 192,808 ST Modwen Properties P.L.C......................... 5,130 32,267 Stagecoach Group P.L.C............................. 11,185 57,581 Standard Chartered P.L.C........................... 27,011 360,189 Standard Life P.L.C................................ 61,863 373,766 Sthree P.L.C....................................... 2,477 12,589 Synergy Health P.L.C............................... 1,599 52,164 Synthomer P.L.C.................................... 4,491 16,417 TalkTalk Telecom Group P.L.C....................... 28,185 134,612 Taylor Wimpey P.L.C................................ 180,424 366,543 Ted Baker P.L.C.................................... 608 21,674 Telecity Group P.L.C............................... 5,803 75,179 Telecom Plus P.L.C................................. 1,277 20,910 * Thomas Cook Group P.L.C............................ 9,258 17,776 Topps Tiles P.L.C.................................. 4,626 8,390 Travis Perkins P.L.C............................... 13,535 390,569 * Trinity Mirror P.L.C............................... 3,332 8,640 TT electronics P.L.C............................... 11,738 19,487 # TUI AG............................................. 4,115 72,362 Tullett Prebon P.L.C............................... 1,288 6,478 Tullow Oil P.L.C................................... 17,973 98,876 UBM P.L.C.......................................... 16,338 129,734 UDG Healthcare P.L.C............................... 1,895 11,177 Ultra Electronics Holdings P.L.C................... 1,797 47,207 Unilever P.L.C..................................... 2,038 89,741 Unilever P.L.C. Sponsored ADR...................... 17,262 759,010 UNITE Group P.L.C. (The)........................... 9,122 67,186 United Utilities Group P.L.C....................... 36,939 570,112 UTV Media P.L.C.................................... 2,842 8,175 * Vectura Group P.L.C................................ 4,989 11,351 Vedanta Resources P.L.C............................ 3,226 18,027 Victrex P.L.C...................................... 1,888 58,364 Vodafone Group P.L.C............................... 112,651 396,133 1092 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Vodafone Group P.L.C. Sponsored ADR............... 26,423 $ 928,246 Weir Group P.L.C. (The)........................... 6,032 152,078 WH Smith P.L.C.................................... 3,152 63,839 Whitbread P.L.C................................... 3,737 280,502 WM Morrison Supermarkets P.L.C.................... 74,634 201,372 Wolseley P.L.C.................................... 6,690 387,762 WPP P.L.C......................................... 11,150 245,195 WPP P.L.C. Sponsored ADR.......................... 2,474 272,437 WS Atkins P.L.C................................... 4,731 89,154 Xaar P.L.C........................................ 1,636 7,591 Xchanging P.L.C................................... 3,063 7,218 XP Power, Ltd..................................... 435 9,453 ------------ TOTAL UNITED KINGDOM.................................... 62,584,743 ------------ UNITED STATES -- (0.0%) #* Chaparral Gold Corp............................... 500 236 * Endo International P.L.C.......................... 327 26,339 ------------ TOTAL UNITED STATES..................................... 26,575 ------------ TOTAL COMMON STOCKS..................................... 340,383,607 ------------ PREFERRED STOCKS -- (0.0%) GERMANY -- (0.0%) Porsche Automobil Holding SE...................... 2,131 178,583 ------------ RIGHTS/WARRANTS -- (0.0%) AUSTRIA -- (0.0%) #* Intercell AG Rights............................... 265 -- ------------ FRANCE -- (0.0%) * Groupe Fnac Rights 05/16/15....................... 3 17 ------------ SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA.... 5,778 2,938 * Banco Santander SA................................ 147,994 22,656 ------------ TOTAL SPAIN............................................. 25,594 ------------ TOTAL RIGHTS/WARRANTS................................... 25,611 ------------ SECURITIES LENDING COLLATERAL -- (6.0%) (S)@ DFA Short Term Investment Fund.................... 1,872,135 21,660,603 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $348,086,644)^^..... $362,248,404 ============ 1093 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia.................... $ 979,694 $ 17,264,717 -- $ 18,244,411 Austria...................... -- 1,485,242 -- 1,485,242 Belgium...................... 693,607 4,433,342 -- 5,126,949 Canada....................... 28,780,552 53,330 -- 28,833,882 China........................ -- 234 -- 234 Denmark...................... 653,472 5,205,235 -- 5,858,707 Finland...................... 377,180 5,167,203 -- 5,544,383 France....................... 1,277,962 30,728,157 -- 32,006,119 Germany...................... 1,491,639 21,571,250 -- 23,062,889 Greece....................... -- -- -- -- Hong Kong.................... 44,592 7,474,743 -- 7,519,335 Ireland...................... 309,764 1,349,290 -- 1,659,054 Israel....................... 461,778 1,315,115 -- 1,776,893 Italy........................ 156,298 8,116,346 -- 8,272,644 Japan........................ 3,807,635 68,234,539 -- 72,042,174 Netherlands.................. 2,904,401 7,512,552 -- 10,416,953 New Zealand.................. 8,316 812,213 -- 820,529 Norway....................... 105,467 2,948,829 -- 3,054,296 Portugal..................... 1,591 1,074,498 -- 1,076,089 Singapore.................... -- 4,335,595 -- 4,335,595 Spain........................ 867,488 8,525,513 -- 9,393,001 Sweden....................... 246,360 12,158,342 -- 12,404,702 Switzerland.................. 3,993,981 20,844,227 -- 24,838,208 United Kingdom............... 21,767,473 40,817,270 -- 62,584,743 United States................ 26,575 -- -- 26,575 Preferred Stocks Germany...................... -- 178,583 -- 178,583 Rights/Warrants Austria...................... -- -- -- -- France....................... -- 17 -- 17 Spain........................ -- 25,594 -- 25,594 Securities Lending Collateral... -- 21,660,603 -- 21,660,603 ----------- ------------ -- ------------ TOTAL........................... $68,955,825 $293,292,579 -- $362,248,404 =========== ============ == ============ 1094 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------ ---------- COMMON STOCKS -- (94.9%) AUSTRALIA -- (5.5%) * Alumina, Ltd....................................... 37,687 $ 56,410 Asciano, Ltd....................................... 34,247 159,445 Australia & New Zealand Banking Group, Ltd......... 2,163 55,216 Bank of Queensland, Ltd............................ 6,312 61,143 # Bendigo and Adelaide Bank, Ltd..................... 5,666 58,677 BHP Billiton, Ltd.................................. 6,312 145,585 * BlueScope Steel, Ltd............................... 7,923 30,694 Boral, Ltd......................................... 15,539 67,255 Caltex Australia, Ltd.............................. 1,429 36,983 Echo Entertainment Group, Ltd...................... 18,272 57,092 # Fortescue Metals Group, Ltd........................ 7,482 13,567 # Harvey Norman Holdings, Ltd........................ 7,208 22,015 Incitec Pivot, Ltd................................. 39,877 111,222 Lend Lease Group................................... 6,184 79,709 Macquarie Group, Ltd............................... 9,102 440,368 # Metcash, Ltd....................................... 871 983 National Australia Bank, Ltd....................... 16,120 444,564 New Hope Corp., Ltd................................ 301 548 * Newcrest Mining, Ltd............................... 16,748 180,836 Orica, Ltd......................................... 483 6,780 Origin Energy, Ltd................................. 13,089 108,008 Primary Health Care, Ltd........................... 7,694 27,556 * Qantas Airways, Ltd................................ 25,486 51,356 QBE Insurance Group, Ltd........................... 17,908 146,808 Rio Tinto, Ltd..................................... 4,196 187,108 Santos, Ltd........................................ 33,098 201,501 # Seven Group Holdings, Ltd.......................... 3,080 12,208 # Sims Metal Management, Ltd......................... 3,434 28,890 Suncorp Group, Ltd................................. 24,653 280,891 Tabcorp Holdings, Ltd.............................. 15,227 53,821 Tatts Group, Ltd................................... 28,433 85,092 Toll Holdings, Ltd................................. 13,122 62,750 Treasury Wine Estates, Ltd......................... 12,274 46,664 Washington H Soul Pattinson & Co., Ltd............. 288 2,901 Wesfarmers, Ltd.................................... 15,707 530,549 Woodside Petroleum, Ltd............................ 3,523 93,567 ---------- TOTAL AUSTRALIA........................................ 3,948,762 ---------- AUSTRIA -- (0.0%) OMV AG............................................. 489 12,157 # Raiffeisen Bank International AG................... 1,529 17,866 ---------- TOTAL AUSTRIA.......................................... 30,023 ---------- BELGIUM -- (1.7%) Ageas.............................................. 5,638 193,074 Belgacom SA........................................ 632 23,538 Colruyt SA......................................... 1,084 49,997 Delhaize Group SA.................................. 3,211 267,111 * KBC Groep NV....................................... 2,149 115,584 Solvay SA.......................................... 1,860 254,293 UCB SA............................................. 2,810 218,446 1095 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- BELGIUM -- (Continued) Umicore SA......................................... 2,129 $ 89,165 ---------- TOTAL BELGIUM.......................................... 1,211,208 ---------- CANADA -- (7.7%) Agnico Eagle Mines, Ltd............................ 3,573 120,482 Agrium, Inc........................................ 1,549 165,201 Bank of Montreal................................... 2,122 121,973 Barrick Gold Corp.................................. 27,799 355,271 * BlackBerry, Ltd.................................... 7,188 73,028 # Bonavista Energy Corp.............................. 1,204 5,685 Cameco Corp........................................ 4,527 63,699 Canadian Natural Resources, Ltd.(136385101)........ 10,741 310,845 Canadian Natural Resources, Ltd.(2171573).......... 11,405 330,653 # Canadian Tire Corp., Ltd. Class A.................. 2,200 202,894 Cenovus Energy, Inc................................ 4,254 80,358 # Crescent Point Energy Corp......................... 5,356 127,293 Eldorado Gold Corp.(284902103)..................... 2,845 13,599 Eldorado Gold Corp.(2307873)....................... 3,127 15,011 Empire Co., Ltd.................................... 600 43,677 Encana Corp........................................ 10,819 132,425 # Enerplus Corp...................................... 1,972 19,135 Ensign Energy Services, Inc........................ 2,603 18,047 Fairfax Financial Holdings, Ltd.................... 434 230,542 First Quantum Minerals, Ltd........................ 11,339 103,421 # Genworth MI Canada, Inc............................ 742 18,464 Goldcorp, Inc...................................... 5,243 126,629 Husky Energy, Inc.................................. 7,339 157,961 # Industrial Alliance Insurance & Financial Services, Inc.................................... 1,800 57,313 * Kinross Gold Corp.................................. 20,200 68,515 * Lundin Mining Corp................................. 7,637 27,166 Magna International, Inc........................... 2,202 211,570 Manulife Financial Corp............................ 28,109 450,824 * MEG Energy Corp.................................... 2,200 33,553 # Pacific Rubiales Energy Corp....................... 4,700 10,911 Pan American Silver Corp........................... 700 8,197 # Pengrowth Energy Corp.............................. 4,191 11,214 # Penn West Petroleum, Ltd........................... 7,406 11,190 Precision Drilling Corp.(B5YPLH9).................. 4,250 21,707 Precision Drilling Corp.(74022D308)................ 1,991 10,154 # Sun Life Financial, Inc............................ 4,337 132,632 Suncor Energy, Inc................................. 32,505 969,497 Talisman Energy, Inc.(2068299)..................... 22,512 169,721 Talisman Energy, Inc.(87425E103)................... 4,948 37,209 Teck Resources, Ltd. Class B....................... 7,945 102,853 # Thomson Reuters Corp............................... 4,378 167,995 # TransAlta Corp.(2901628)........................... 5,411 47,352 TransAlta Corp.(89346D107)......................... 1,400 12,222 Yamana Gold, Inc................................... 15,600 64,575 ---------- TOTAL CANADA........................................... 5,462,663 ---------- DENMARK -- (1.5%) AP Moeller - Maersk A.S. Class A................... 50 97,844 1096 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- DENMARK -- (Continued) AP Moeller - Maersk A.S. Class B................... 160 $ 323,320 Carlsberg A.S. Class B............................. 3,388 248,783 Danske Bank A.S.................................... 4,809 124,468 H Lundbeck A.S..................................... 1,354 27,499 * Jyske Bank A.S..................................... 414 18,739 TDC A.S............................................ 18,432 136,412 * Vestas Wind Systems A.S............................ 1,584 61,544 ---------- TOTAL DENMARK.......................................... 1,038,609 ---------- FINLAND -- (0.9%) Fortum Oyj......................................... 14,434 307,888 Kesko Oyj Class B.................................. 830 30,330 Neste Oil Oyj...................................... 1,379 38,348 Stora Enso Oyj Class R............................. 19,211 186,393 UPM-Kymmene Oyj.................................... 6,628 116,503 ---------- TOTAL FINLAND.......................................... 679,462 ---------- FRANCE -- (8.4%) AXA SA............................................. 1,036 24,234 AXA SA Sponsored ADR............................... 22,449 528,225 BNP Paribas SA..................................... 7,344 385,599 Bollore SA......................................... 13,200 56,811 Bouygues SA........................................ 5,573 198,594 Casino Guichard Perrachon SA....................... 1,584 143,704 Cie de Saint-Gobain................................ 10,502 447,392 Cie Generale des Etablissements Michelin........... 1,987 193,498 CNP Assurances..................................... 4,443 77,999 Credit Agricole SA................................. 7,605 90,193 Eiffage SA......................................... 362 17,625 Electricite de France SA........................... 4,582 124,213 GDF Suez........................................... 27,688 614,075 Lafarge SA......................................... 4,430 303,524 Lagardere SCA...................................... 1,998 54,647 Natixis SA......................................... 11,988 76,243 Orange SA.......................................... 41,374 727,896 * Peugeot SA......................................... 9,014 129,932 Renault SA......................................... 6,543 500,058 Rexel SA........................................... 4,140 77,351 SCOR SE............................................ 1,823 56,750 Societe Generale SA................................ 6,297 252,864 STMicroelectronics NV.............................. 16,130 133,933 Total SA........................................... 5,375 275,902 Vallourec SA....................................... 2,272 49,296 Vivendi SA......................................... 18,624 440,410 ---------- TOTAL FRANCE........................................... 5,980,968 ---------- GERMANY -- (7.7%) Allianz SE......................................... 7,432 1,225,472 Bayerische Motoren Werke AG........................ 6,083 707,396 Celesio AG......................................... 76 2,251 * Commerzbank AG..................................... 14,877 178,368 Daimler AG......................................... 19,561 1,771,538 1097 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Deutsche Bank AG................................... 8,888 $ 257,574 Deutsche Lufthansa AG.............................. 4,876 82,472 E.ON SE............................................ 13,585 210,295 Fraport AG Frankfurt Airport Services Worldwide.... 497 30,368 Hannover Rueck SE.................................. 249 22,317 HeidelbergCement AG................................ 2,965 218,044 K+S AG............................................. 3,890 122,820 * Metro AG........................................... 2,706 83,268 Muenchener Rueckversicherungs-Gesellschaft AG...... 1,558 312,350 RWE AG............................................. 1,672 46,380 * Talanx AG.......................................... 1,387 42,243 Telefonica Deutschland Holding AG.................. 7,886 43,750 Volkswagen AG...................................... 624 138,544 ---------- TOTAL GERMANY.......................................... 5,495,450 ---------- HONG KONG -- (2.5%) Cathay Pacific Airways, Ltd........................ 23,000 53,484 Hang Lung Group, Ltd............................... 8,000 38,150 Hang Lung Properties, Ltd.......................... 8,000 23,420 Henderson Land Development Co., Ltd................ 7,942 56,873 Hongkong & Shanghai Hotels (The)................... 3,500 5,007 Hopewell Holdings, Ltd............................. 5,000 18,738 Hutchison Whampoa, Ltd............................. 33,000 436,727 Kerry Logistics Network, Ltd....................... 3,500 5,338 Kerry Properties, Ltd.............................. 10,000 35,529 MTR Corp., Ltd..................................... 7,500 33,225 New World Development Co., Ltd..................... 177,542 212,131 Orient Overseas International, Ltd................. 6,000 39,102 Shangri-La Asia, Ltd............................... 34,000 44,049 Sino Land Co., Ltd................................. 32,000 53,678 Sun Hung Kai Properties, Ltd....................... 19,093 310,196 Swire Pacific, Ltd. Class A........................ 7,500 100,437 Swire Pacific, Ltd. Class B........................ 12,500 30,537 Wharf Holdings, Ltd. (The)......................... 25,000 203,334 Wheelock & Co., Ltd................................ 13,000 73,719 ---------- TOTAL HONG KONG........................................ 1,773,674 ---------- IRELAND -- (0.1%) * Bank of Ireland.................................... 202,253 60,872 CRH P.L.C. Sponsored ADR........................... 592 14,291 ---------- TOTAL IRELAND.......................................... 75,163 ---------- ISRAEL -- (0.4%) Bank Hapoalim BM................................... 24,042 106,796 * Bank Leumi Le-Israel BM............................ 28,368 94,576 Elbit Systems, Ltd................................. 353 21,812 * Israel Discount Bank, Ltd. Class A................. 13,386 20,914 * Mizrahi Tefahot Bank, Ltd.......................... 1,193 13,019 ---------- TOTAL ISRAEL........................................... 257,117 ---------- ITALY -- (1.4%) #* Banca Monte dei Paschi di Siena SpA................ 37,664 17,028 1098 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- ITALY -- (Continued) * Banco Popolare SC.................................. 1,362 $ 17,188 * Finmeccanica SpA................................... 3,600 39,318 Intesa Sanpaolo SpA................................ 77,421 226,399 Mediobanca SpA..................................... 5,409 46,854 #* Telecom Italia SpA................................. 73,972 85,953 UniCredit SpA...................................... 64,972 383,026 Unione di Banche Italiane SCPA..................... 27,437 188,720 ---------- TOTAL ITALY............................................ 1,004,486 ---------- JAPAN -- (20.9%) 77 Bank, Ltd. (The)................................ 5,864 32,431 Aeon Co., Ltd...................................... 19,700 208,074 Aisin Seiki Co., Ltd............................... 5,200 181,665 Alfresa Holdings Corp.............................. 4,000 47,423 Amada Co., Ltd..................................... 5,600 51,039 # Asahi Glass Co., Ltd............................... 16,000 85,120 Asahi Kasei Corp................................... 35,000 345,662 Bank of Kyoto, Ltd. (The).......................... 4,000 33,535 Bank of Yokohama, Ltd. (The)....................... 22,000 118,709 Canon Marketing Japan, Inc......................... 1,500 27,257 Chiba Bank, Ltd. (The)............................. 9,000 60,652 Chugoku Bank, Ltd. (The)........................... 3,000 42,674 Citizen Holdings Co., Ltd.......................... 4,700 37,516 Coca-Cola West Co., Ltd............................ 1,800 25,746 # Cosmo Oil Co., Ltd................................. 20,636 27,823 Dai Nippon Printing Co., Ltd....................... 9,000 80,941 Dai-ichi Life Insurance Co., Ltd. (The)............ 5,700 76,366 Daido Steel Co., Ltd............................... 4,000 15,668 Daihatsu Motor Co., Ltd............................ 2,400 33,467 Daiichi Sankyo Co., Ltd............................ 4,000 58,029 Denki Kagaku Kogyo K.K............................. 4,000 15,760 DIC Corp........................................... 3,000 7,427 Ebara Corp......................................... 2,000 7,693 Fuji Media Holdings, Inc........................... 1,000 12,570 FUJIFILM Holdings Corp............................. 7,100 239,964 Fukuoka Financial Group, Inc....................... 13,000 64,880 # Furukawa Electric Co., Ltd......................... 4,000 6,654 Glory, Ltd......................................... 1,800 47,172 Gunma Bank, Ltd. (The)............................. 6,735 44,283 H2O Retailing Corp................................. 1,000 17,663 Hachijuni Bank, Ltd. (The)......................... 7,000 46,130 Hankyu Hanshin Holdings, Inc....................... 20,000 111,169 Hiroshima Bank, Ltd. (The)......................... 6,000 29,845 Hitachi Chemical Co., Ltd.......................... 900 18,106 Hitachi Construction Machinery Co., Ltd............ 2,900 53,614 Hitachi High-Technologies Corp..................... 900 27,958 Hokuhoku Financial Group, Inc...................... 20,000 41,213 Honda Motor Co., Ltd............................... 24,000 724,194 # House Foods Group, Inc............................. 100 2,001 Ibiden Co., Ltd.................................... 3,500 52,617 Idemitsu Kosan Co., Ltd............................ 3,200 53,414 Inpex Corp......................................... 17,600 194,768 ITOCHU Corp........................................ 29,200 295,663 1099 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Iyo Bank, Ltd. (The)............................... 4,000 $ 46,157 J Front Retailing Co., Ltd......................... 6,500 82,831 JFE Holdings, Inc.................................. 10,300 226,882 Joyo Bank, Ltd. (The).............................. 8,000 40,210 JX Holdings, Inc................................... 32,640 120,449 Kagoshima Bank, Ltd. (The)......................... 1,238 7,747 Kamigumi Co., Ltd.................................. 2,000 19,986 Kaneka Corp........................................ 9,000 54,932 Kawasaki Kisen Kaisha, Ltd......................... 17,000 48,662 Keiyo Bank, Ltd. (The)............................. 4,000 21,823 Kinden Corp........................................ 4,000 47,381 Kirin Holdings Co., Ltd............................ 1,800 24,236 Kobe Steel, Ltd.................................... 82,000 143,812 Konica Minolta, Inc................................ 13,500 148,559 Kuraray Co., Ltd................................... 6,400 80,364 Kurita Water Industries, Ltd....................... 400 8,521 Kyocera Corp....................................... 2,100 92,431 LIXIL Group Corp................................... 3,500 68,194 Marubeni Corp...................................... 34,000 187,671 Marui Group Co., Ltd............................... 3,758 39,063 Maruichi Steel Tube, Ltd........................... 900 21,282 Medipal Holdings Corp.............................. 4,200 49,003 Mitsubishi Chemical Holdings Corp.................. 46,500 241,002 Mitsubishi Corp.................................... 9,700 169,218 Mitsubishi Gas Chemical Co., Inc................... 8,000 36,171 Mitsubishi Materials Corp.......................... 37,000 116,674 Mitsubishi UFJ Financial Group, Inc................ 218,000 1,158,510 Mitsui & Co., Ltd.................................. 10,300 131,065 Mitsui Chemicals, Inc.............................. 22,000 64,371 Mitsui Engineering & Shipbuilding Co., Ltd......... 9,000 14,632 Mitsui OSK Lines, Ltd.............................. 36,000 121,534 Mizuho Financial Group, Inc........................ 407,500 666,310 MS&AD Insurance Group Holdings..................... 3,219 78,267 Nagase & Co., Ltd.................................. 3,111 38,675 NEC Corp........................................... 73,000 206,200 NH Foods, Ltd...................................... 5,000 123,611 NHK Spring Co., Ltd................................ 2,500 22,550 # Nikon Corp......................................... 3,600 45,678 # Nippon Electric Glass Co., Ltd..................... 7,000 36,127 Nippon Express Co., Ltd............................ 24,000 140,011 Nippon Paper Industries Co., Ltd................... 3,600 56,769 Nippon Shokubai Co., Ltd........................... 2,000 26,865 Nippon Steel & Sumitomo Metal Corp................. 157,000 366,955 Nippon Yusen K.K................................... 58,000 172,440 Nissan Motor Co., Ltd.............................. 47,100 401,632 Nisshin Seifun Group, Inc.......................... 3,025 37,204 Nisshinbo Holdings, Inc............................ 3,000 33,712 NOK Corp........................................... 500 14,383 Nomura Holdings, Inc............................... 10,100 53,698 Nomura Real Estate Holdings, Inc................... 1,200 20,192 NTN Corp........................................... 9,000 38,517 NTT DOCOMO, Inc.................................... 29,600 499,687 Oji Holdings Corp.................................. 24,000 90,467 1100 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) Otsuka Holdings Co., Ltd........................... 1,100 $ 34,033 Resona Holdings, Inc............................... 20,000 99,224 Ricoh Co., Ltd..................................... 23,600 230,227 Rohm Co., Ltd...................................... 1,200 77,150 Sankyo Co., Ltd.................................... 400 14,376 SBI Holdings, Inc.................................. 1,700 18,165 Sekisui Chemical Co., Ltd.......................... 2,000 21,873 # Sekisui House, Ltd................................. 17,400 225,008 Shiga Bank, Ltd. (The)............................. 7,108 39,649 Showa Denko K.K.................................... 30,000 38,342 Showa Shell Sekiyu K.K............................. 2,100 20,495 SKY Perfect JSAT Holdings, Inc..................... 4,600 27,857 # Sojitz Corp........................................ 26,100 33,737 Sompo Japan Nipponkoa Holdings, Inc................ 2,000 55,494 Sony Corp.......................................... 1,700 39,986 Sony Corp. Sponsored ADR........................... 14,177 330,182 Sumitomo Chemical Co., Ltd......................... 51,000 200,649 Sumitomo Corp...................................... 7,300 72,039 Sumitomo Electric Industries, Ltd.................. 25,100 323,431 Sumitomo Forestry Co., Ltd......................... 2,700 25,113 Sumitomo Heavy Industries, Ltd..................... 10,000 54,114 Sumitomo Metal Mining Co., Ltd..................... 8,000 114,337 Sumitomo Mitsui Financial Group, Inc............... 22,100 741,606 Sumitomo Mitsui Trust Holdings, Inc................ 25,000 87,913 Sumitomo Rubber Industries, Ltd.................... 2,700 41,986 Suzuki Motor Corp.................................. 6,100 192,883 T&D Holdings, Inc.................................. 14,900 167,798 Takashimaya Co., Ltd............................... 6,000 52,626 TDK Corp........................................... 3,500 218,126 Teijin, Ltd........................................ 22,000 65,535 Tokai Rika Co., Ltd................................ 600 12,355 Tokio Marine Holdings, Inc......................... 4,400 153,614 Toppan Printing Co., Ltd........................... 10,000 66,801 Tosoh Corp......................................... 11,000 59,299 Toyo Seikan Group Holdings, Ltd.................... 4,251 54,541 Toyoda Gosei Co., Ltd.............................. 300 6,609 Toyota Tsusho Corp................................. 7,000 165,778 Ube Industries, Ltd................................ 16,000 23,962 # UNY Group Holdings Co., Ltd........................ 6,250 35,960 Wacoal Holdings Corp............................... 2,000 19,824 # Yamada Denki Co., Ltd.............................. 9,000 33,436 Yamaha Corp........................................ 3,100 45,145 Yamato Kogyo Co., Ltd.............................. 800 20,589 Yamazaki Baking Co., Ltd........................... 2,000 29,446 ----------- TOTAL JAPAN............................................ 14,899,191 ----------- NETHERLANDS -- (2.7%) Aegon NV........................................... 23,122 164,787 ArcelorMittal(B03XPL1)............................. 17,931 171,307 # ArcelorMittal(B295F26)............................. 14,502 139,799 Boskalis Westminster NV............................ 1,217 53,802 Delta Lloyd NV..................................... 2,210 41,755 * ING Groep NV....................................... 65,495 814,260 1101 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NETHERLANDS -- (Continued) Koninklijke DSM NV................................. 5,312 $ 281,753 Koninklijke Philips NV............................. 8,146 224,625 ---------- TOTAL NETHERLANDS...................................... 1,892,088 ---------- NEW ZEALAND -- (0.1%) Contact Energy, Ltd................................ 5,869 30,121 Fletcher Building, Ltd............................. 1,616 9,817 ---------- TOTAL NEW ZEALAND...................................... 39,938 ---------- NORWAY -- (0.5%) DNB ASA............................................ 2,278 33,005 Norsk Hydro ASA.................................... 5,951 34,972 # Seadrill, Ltd...................................... 3,913 42,026 Statoil ASA........................................ 3,982 66,684 * Storebrand ASA..................................... 7,005 21,176 Subsea 7 SA........................................ 5,317 45,229 Yara International ASA............................. 1,741 90,641 ---------- TOTAL NORWAY........................................... 333,733 ---------- PORTUGAL -- (0.0%) EDP Renovaveis SA.................................. 4,290 28,677 ---------- SINGAPORE -- (1.4%) CapitaLand, Ltd.................................... 34,500 88,547 City Developments, Ltd............................. 7,000 51,884 DBS Group Holdings, Ltd............................ 16,351 238,391 Golden Agri-Resources, Ltd......................... 137,000 42,498 Hutchison Port Holdings Trust...................... 95,300 67,954 Keppel Land, Ltd................................... 13,000 43,595 * Neptune Orient Lines, Ltd.......................... 14,000 10,435 Noble Group, Ltd................................... 89,000 69,620 OUE, Ltd........................................... 5,000 8,120 Singapore Airlines, Ltd............................ 21,000 196,151 United Industrial Corp., Ltd....................... 11,000 28,642 UOL Group, Ltd..................................... 4,000 21,287 Venture Corp., Ltd................................. 5,100 30,626 Wilmar International, Ltd.......................... 34,000 80,688 ---------- TOTAL SINGAPORE........................................ 978,438 ---------- SPAIN -- (2.4%) * Acciona SA......................................... 890 63,620 Banco de Sabadell SA............................... 109,172 275,887 * Banco Popular...................................... 136 577 Banco Popular Espanol SA........................... 32,439 137,120 Banco Santander SA................................. 29,384 197,639 CaixaBank SA....................................... 14,314 62,348 Iberdrola SA....................................... 94,695 653,625 Mapfre SA.......................................... 17,736 59,706 1102 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SPAIN -- (Continued) Repsol SA.......................................... 13,033 $ 230,883 ---------- TOTAL SPAIN............................................ 1,681,405 ---------- SWEDEN -- (3.3%) Boliden AB......................................... 8,318 129,942 ICA Gruppen AB..................................... 656 25,204 Meda AB Class A.................................... 1,449 20,408 Nordea Bank AB..................................... 21,545 273,530 Skandinaviska Enskilda Banken AB Class A........... 35,139 423,130 #* SSAB AB Class A.................................... 3,054 14,831 * SSAB AB Class B.................................... 1,349 5,806 Svenska Cellulosa AB Class A....................... 637 15,380 Svenska Cellulosa AB Class B....................... 14,403 347,171 Svenska Handelsbanken AB Class A................... 2,906 137,611 Swedbank AB Class A................................ 5,276 127,631 Tele2 AB Class B................................... 6,857 77,572 Telefonaktiebolaget LM Ericsson Class B............ 46,520 564,020 TeliaSonera AB..................................... 26,269 161,863 ---------- TOTAL SWEDEN........................................... 2,324,099 ---------- SWITZERLAND -- (9.6%) ABB, Ltd........................................... 26,101 501,823 Adecco SA.......................................... 4,234 316,295 Aryzta AG.......................................... 2,288 171,530 Baloise Holding AG................................. 1,176 153,077 Cie Financiere Richemont SA........................ 3,643 302,653 Clariant AG........................................ 6,581 105,732 Credit Suisse Group AG............................. 8,739 184,007 Credit Suisse Group AG Sponsored ADR............... 214 4,503 * Dufry AG........................................... 171 25,120 Holcim, Ltd........................................ 5,101 356,625 Julius Baer Group, Ltd............................. 2,560 104,151 Lonza Group AG..................................... 1,043 123,529 Novartis AG........................................ 19,006 1,852,186 Sulzer AG.......................................... 585 61,940 Swatch Group AG (The)(7184736)..................... 369 27,126 Swatch Group AG (The)(7184725)..................... 53 21,079 Swiss Life Holding AG.............................. 377 84,129 Swiss Re AG........................................ 9,175 827,653 Syngenta AG........................................ 294 95,766 UBS Group AG(BRJL176).............................. 26,534 444,738 * UBS Group AG(H42097107)............................ 900 15,012 Zurich Insurance Group AG.......................... 3,199 1,060,719 ---------- TOTAL SWITZERLAND...................................... 6,839,393 ---------- UNITED KINGDOM -- (16.2%) Anglo American P.L.C............................... 27,909 466,181 Barclays P.L.C..................................... 41,183 144,636 Barclays P.L.C. Sponsored ADR...................... 47,087 661,101 Barratt Developments P.L.C......................... 3,393 23,356 BP P.L.C........................................... 28,985 186,201 BP P.L.C. Sponsored ADR............................ 59,930 2,327,082 1103 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- UNITED KINGDOM -- (Continued) Carnival P.L.C. ADR................................ 2,609 $ 116,257 Friends Life Group, Ltd............................ 20,226 120,949 Glencore P.L.C..................................... 75,142 280,174 HSBC Holdings P.L.C................................ 40,067 366,581 HSBC Holdings P.L.C. Sponsored ADR................. 21,974 1,004,651 Investec P.L.C..................................... 15,846 133,142 J Sainsbury P.L.C.................................. 35,421 135,734 Kingfisher P.L.C................................... 69,301 356,496 * Lloyds Banking Group P.L.C......................... 122,100 135,264 * Lloyds Banking Group P.L.C. ADR.................... 60,106 263,865 Old Mutual P.L.C................................... 89,944 280,614 * Royal Bank of Scotland Group P.L.C................. 7,246 39,345 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 5,598 60,794 # Royal Dutch Shell P.L.C............................ 28,341 1,813,541 Royal Dutch Shell P.L.C. ADR....................... 9,770 600,366 Standard Chartered P.L.C........................... 29,083 387,818 Vedanta Resources P.L.C............................ 2,074 11,590 Vodafone Group P.L.C............................... 158,909 558,799 Vodafone Group P.L.C. Sponsored ADR................ 25,258 887,307 WM Morrison Supermarkets P.L.C..................... 70,852 191,167 ----------- TOTAL UNITED KINGDOM..................................... 11,553,011 ----------- TOTAL COMMON STOCKS...................................... 67,527,558 ----------- PREFERRED STOCKS -- (0.2%) GERMANY -- (0.2%) Porsche Automobil Holding SE....................... 2,107 176,572 ----------- RIGHTS/WARRANTS -- (0.0%) SPAIN -- (0.0%) * Banco Santander SA................................. 29,384 4,498 ----------- SECURITIES LENDING COLLATERAL -- (4.9%) (S)@ DFA Short Term Investment Fund..................... 300,275 3,474,178 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $72,361,061)^^....... $71,182,806 =========== 1104 DFA INTERNATIONAL VALUE EX TOBACCO PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ----------- ------- ----------- Common Stocks Australia...................... -- $ 3,948,762 -- $ 3,948,762 Austria........................ -- 30,023 -- 30,023 Belgium........................ -- 1,211,208 -- 1,211,208 Canada......................... $ 5,462,663 -- -- 5,462,663 Denmark........................ -- 1,038,609 -- 1,038,609 Finland........................ -- 679,462 -- 679,462 France......................... 528,225 5,452,743 -- 5,980,968 Germany........................ 257,574 5,237,876 -- 5,495,450 Hong Kong...................... -- 1,773,674 -- 1,773,674 Ireland........................ 14,291 60,872 -- 75,163 Israel......................... 21,812 235,305 -- 257,117 Italy.......................... -- 1,004,486 -- 1,004,486 Japan.......................... 330,182 14,569,009 -- 14,899,191 Netherlands.................... 139,799 1,752,289 -- 1,892,088 New Zealand.................... -- 39,938 -- 39,938 Norway......................... 42,026 291,707 -- 333,733 Portugal....................... -- 28,677 -- 28,677 Singapore...................... -- 978,438 -- 978,438 Spain.......................... -- 1,681,405 -- 1,681,405 Sweden......................... -- 2,324,099 -- 2,324,099 Switzerland.................... 464,253 6,375,140 -- 6,839,393 United Kingdom................. 7,734,964 3,818,047 -- 11,553,011 Preferred Stocks Germany........................ -- 176,572 -- 176,572 Rights/Warrants Spain.......................... -- 4,498 -- 4,498 Securities Lending Collateral..... -- 3,474,178 -- 3,474,178 ----------- ----------- -- ----------- TOTAL............................. $14,995,789 $56,187,017 -- $71,182,806 =========== =========== == =========== 1105 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (92.9%) AUSTRALIA -- (6.2%) Adelaide Brighton, Ltd............................. 20,639 $ 57,198 AGL Energy, Ltd.................................... 9,418 104,113 # ALS, Ltd........................................... 11,011 41,577 Altium, Ltd........................................ 6,607 15,376 * Alumina, Ltd....................................... 168,074 251,575 Amalgamated Holdings, Ltd.......................... 4,722 43,127 # Amcom Telecommunications, Ltd...................... 8,384 18,573 Amcor, Ltd......................................... 22,467 222,046 AMP, Ltd........................................... 168,228 750,232 * Antares Energy, Ltd................................ 23,903 3,277 # AP Eagers, Ltd..................................... 3,748 18,032 APA Group.......................................... 35,817 225,782 * APN News & Media, Ltd.............................. 45,653 28,719 ARB Corp., Ltd..................................... 2,106 18,874 Arrium, Ltd........................................ 91,938 14,509 Asciano, Ltd....................................... 58,764 273,590 ASX, Ltd........................................... 11,474 339,122 # Atlas Iron, Ltd.................................... 50,565 6,608 Aurizon Holdings, Ltd.............................. 10,628 40,641 # Ausdrill, Ltd...................................... 31,689 9,195 * Ausenco, Ltd....................................... 4,581 1,472 # AusNet Services.................................... 55,047 59,750 Austbrokers Holdings, Ltd.......................... 2,014 13,859 Austin Engineering, Ltd............................ 5,812 3,127 Australia & New Zealand Banking Group, Ltd......... 58,594 1,495,756 * Australian Agricultural Co., Ltd................... 16,005 19,874 Australian Pharmaceutical Industries, Ltd.......... 16,591 11,728 Automotive Holdings Group, Ltd..................... 24,002 70,194 * AWE, Ltd........................................... 46,956 48,752 Bank of Queensland, Ltd............................ 24,245 234,857 # BC Iron, Ltd....................................... 4,113 1,463 Beach Energy, Ltd.................................. 60,347 44,928 #* Beadell Resources, Ltd............................. 18,149 4,182 # Bega Cheese, Ltd................................... 5,491 21,731 Bendigo and Adelaide Bank, Ltd..................... 29,145 301,827 BHP Billiton, Ltd.................................. 115,305 2,659,479 BHP Billiton, Ltd. Sponsored ADR................... 1,016 47,071 * Billabong International, Ltd....................... 25,506 12,716 Blackmores, Ltd.................................... 416 13,059 * BlueScope Steel, Ltd............................... 34,560 133,886 #* Boart Longyear, Ltd................................ 21,171 2,684 Boral, Ltd......................................... 52,418 226,872 # Bradken, Ltd....................................... 8,625 18,191 Brambles, Ltd...................................... 29,100 238,404 # Breville Group, Ltd................................ 7,096 39,804 Brickworks, Ltd.................................... 4,883 46,031 BT Investment Management, Ltd...................... 4,719 26,385 # Cabcharge Australia, Ltd........................... 10,304 34,657 Caltex Australia, Ltd.............................. 7,323 189,521 # Cardno, Ltd........................................ 9,551 21,813 # carsales.com, Ltd.................................. 8,742 69,611 1106 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) Cash Converters International, Ltd................. 34,080 $ 29,276 Cedar Woods Properties, Ltd........................ 3,941 17,790 Chandler Macleod Group, Ltd........................ 17,926 7,468 Coca-Cola Amatil, Ltd.............................. 21,535 161,639 # Cochlear, Ltd...................................... 1,783 114,600 # Commonwealth Bank of Australia..................... 14,380 994,306 Computershare, Ltd................................. 17,771 159,672 Corporate Travel Management, Ltd................... 2,968 22,466 CSG, Ltd........................................... 9,385 8,744 CSR, Ltd........................................... 44,757 138,253 Decmil Group, Ltd.................................. 10,789 10,469 Domino's Pizza Enterprises, Ltd.................... 3,090 62,470 Downer EDI, Ltd.................................... 38,512 125,045 * Drillsearch Energy, Ltd............................ 30,464 18,359 DuluxGroup, Ltd.................................... 19,442 90,058 #* Emeco Holdings, Ltd................................ 7,304 682 * Energy Resources of Australia, Ltd................. 13,961 14,173 * Energy World Corp., Ltd............................ 19,261 4,389 ERM Power, Ltd..................................... 11,026 18,608 # Evolution Mining, Ltd.............................. 3,686 2,652 Fairfax Media, Ltd................................. 170,397 118,533 Finbar Group, Ltd.................................. 8,281 8,211 # Fleetwood Corp., Ltd............................... 779 885 Flight Centre Travel Group, Ltd.................... 2,569 74,992 # Fortescue Metals Group, Ltd........................ 59,340 107,601 Goodman Fielder, Ltd............................... 53,891 26,747 # GrainCorp, Ltd. Class A............................ 18,245 125,937 # Greencross, Ltd.................................... 2,925 20,157 # GUD Holdings, Ltd.................................. 8,404 51,113 # GWA Group, Ltd..................................... 19,320 39,563 Hansen Technologies, Ltd........................... 8,682 11,698 # Harvey Norman Holdings, Ltd........................ 39,950 122,019 Hills, Ltd......................................... 18,019 15,121 * Horizon Oil, Ltd................................... 94,750 9,199 # iiNET, Ltd......................................... 8,266 47,974 # Iluka Resources, Ltd............................... 29,305 159,145 #* Imdex, Ltd......................................... 3,611 829 Incitec Pivot, Ltd................................. 109,593 305,668 Independence Group NL.............................. 18,676 71,910 Infomedia, Ltd..................................... 19,244 13,698 Insurance Australia Group, Ltd..................... 62,483 309,525 # Invocare, Ltd...................................... 7,417 74,852 # IOOF Holdings, Ltd................................. 7,032 51,312 # Iress, Ltd......................................... 5,255 42,040 James Hardie Industries P.L.C...................... 21,122 211,786 # JB Hi-Fi, Ltd...................................... 5,775 74,859 * Kingsgate Consolidated, Ltd........................ 1,314 808 Leighton Holdings, Ltd............................. 9,194 146,308 Lend Lease Group................................... 13,680 176,330 # M2 Group, Ltd...................................... 10,411 72,518 MACA, Ltd.......................................... 8,396 5,361 * Macmahon Holdings, Ltd............................. 25,813 1,139 Macquarie Group, Ltd............................... 17,501 846,778 1107 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) # Magellan Financial Group, Ltd...................... 5,482 $ 80,757 MaxiTRANS Industries, Ltd.......................... 11,936 4,740 * Mayne Pharma Group, Ltd............................ 27,932 13,539 McMillan Shakespeare, Ltd.......................... 2,776 24,667 * Medusa Mining, Ltd................................. 788 520 Mincor Resources NL................................ 3,984 2,232 # Mineral Resources, Ltd............................. 12,379 64,122 # MMA Offshore, Ltd.................................. 12,228 7,557 Monadelphous Group, Ltd............................ 4,798 30,223 Mortgage Choice, Ltd............................... 2,795 5,222 Mount Gibson Iron, Ltd............................. 26,826 4,418 # Myer Holdings, Ltd................................. 33,352 40,174 National Australia Bank, Ltd....................... 48,411 1,335,099 Navitas, Ltd....................................... 7,555 31,217 New Hope Corp., Ltd................................ 8,865 16,152 * Newcrest Mining, Ltd............................... 18,171 196,201 # NIB Holdings, Ltd.................................. 15,978 41,025 Northern Star Resources, Ltd....................... 40,580 58,710 # NRW Holdings, Ltd.................................. 23,027 5,073 Nufarm, Ltd........................................ 11,100 48,776 Oil Search, Ltd.................................... 10,915 65,684 Orica, Ltd......................................... 9,325 130,893 Origin Energy, Ltd................................. 28,294 233,477 #* Orocobre, Ltd...................................... 8,159 18,549 Orora, Ltd......................................... 5,257 8,651 OZ Minerals, Ltd................................... 17,097 51,070 Pacific Brands, Ltd................................ 80,238 30,437 * Paladin Energy, Ltd................................ 157,449 46,039 PanAust, Ltd....................................... 22,443 20,950 Panoramic Resources, Ltd........................... 9,832 3,441 Peet, Ltd.......................................... 4,909 3,956 # Perpetual, Ltd..................................... 1,958 74,290 #* Perseus Mining, Ltd................................ 60,427 17,247 Platinum Asset Management, Ltd..................... 9,060 60,894 Premier Investments, Ltd........................... 7,309 58,076 Prime Media Group, Ltd............................. 19,595 12,261 Programmed Maintenance Services, Ltd............... 18,659 31,429 * Qantas Airways, Ltd................................ 73,331 147,767 QBE Insurance Group, Ltd........................... 34,708 284,532 Qube Holdings, Ltd................................. 23,278 42,188 RCR Tomlinson, Ltd................................. 9,186 14,655 REA Group, Ltd..................................... 2,014 77,040 Recall Holdings, Ltd............................... 1,582 8,762 Reckon, Ltd........................................ 6,209 9,218 * Red Fork Energy, Ltd............................... 23,710 111 #* Regis Resources, Ltd............................... 21,378 32,182 * Resolute Mining, Ltd............................... 13,592 4,079 # Retail Food Group, Ltd............................. 2,999 14,330 Ridley Corp., Ltd.................................. 17,152 12,126 Rio Tinto, Ltd..................................... 16,307 727,163 SAI Global, Ltd.................................... 10,948 33,273 Sandfire Resources NL.............................. 4,951 16,333 Santos, Ltd........................................ 20,349 123,885 1108 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) * Saracen Mineral Holdings, Ltd...................... 90,687 $ 26,350 Seek, Ltd.......................................... 10,037 138,134 Select Harvests, Ltd............................... 3,516 18,052 #* Senex Energy, Ltd.................................. 31,721 6,772 Seven Group Holdings, Ltd.......................... 3,625 14,368 Seven West Media, Ltd.............................. 22,987 23,300 Sigma Pharmaceuticals, Ltd......................... 61,904 38,415 #* Silver Lake Resources, Ltd......................... 47,532 8,683 # Sims Metal Management, Ltd......................... 16,484 138,680 Sirtex Medical, Ltd................................ 2,829 58,984 Skilled Group, Ltd................................. 6,146 6,210 Slater & Gordon, Ltd............................... 3,496 17,942 SMS Management & Technology, Ltd................... 9,154 25,597 Sonic Healthcare, Ltd.............................. 6,500 94,894 # Southern Cross Media Group, Ltd.................... 46,751 38,038 Spark Infrastructure Group......................... 83,893 138,919 #* St Barbara, Ltd.................................... 10,906 1,823 STW Communications Group, Ltd...................... 19,193 13,651 Suncorp Group, Ltd................................. 32,716 372,759 #* Sundance Energy Australia, Ltd..................... 27,367 9,853 Sunland Group, Ltd................................. 6,809 9,011 # Super Retail Group, Ltd............................ 7,546 50,928 Sydney Airport..................................... 17,558 67,848 * Tap Oil, Ltd....................................... 21,973 6,411 Tassal Group, Ltd.................................. 17,196 50,223 Technology One, Ltd................................ 8,950 22,987 # Telstra Corp., Ltd................................. 35,810 180,625 * Ten Network Holdings, Ltd.......................... 59,087 9,125 # TFS Corp., Ltd..................................... 9,688 11,038 * Tiger Resources, Ltd............................... 151,923 5,727 # Toll Holdings, Ltd................................. 46,704 223,339 Tox Free Solutions, Ltd............................ 14,188 32,052 TPG Telecom, Ltd................................... 11,782 60,937 * Transfield Services, Ltd........................... 40,387 44,221 # Transpacific Industries Group, Ltd................. 83,547 53,447 Transurban Group................................... 26,607 190,283 #* Troy Resources, Ltd................................ 443 198 # UGL, Ltd........................................... 20,063 27,854 UXC, Ltd........................................... 23,733 13,717 # Village Roadshow, Ltd.............................. 3,337 15,742 * Virgin Australia Holdings, Ltd..................... 108,136 39,451 Vision Eye Institute, Ltd.......................... 19,916 11,092 # Vocus Communications, Ltd.......................... 4,802 23,111 Wesfarmers, Ltd.................................... 12,760 431,005 Western Areas, Ltd................................. 18,392 56,977 Westpac Banking Corp............................... 29,958 800,659 #* Whitehaven Coal, Ltd............................... 22,370 21,358 Woodside Petroleum, Ltd............................ 28,924 768,192 Woolworths, Ltd.................................... 22,764 560,193 1109 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- AUSTRALIA -- (Continued) WorleyParsons, Ltd................................. 7,505 $ 55,837 ----------- TOTAL AUSTRALIA........................................ 23,402,009 ----------- AUSTRIA -- (0.4%) Agrana Beteiligungs AG............................. 125 9,883 AMAG Austria Metall AG............................. 373 11,678 Andritz AG......................................... 2,639 142,853 Atrium European Real Estate, Ltd................... 1,115 5,196 BUWOG AG........................................... 641 12,519 # Conwert Immobilien Invest SE....................... 2,058 23,946 DO & CO AG......................................... 270 20,302 Erste Group Bank AG................................ 5,388 116,646 EVN AG............................................. 2,411 26,661 Flughafen Wien AG.................................. 127 11,038 * IMMOFINANZ AG...................................... 6,880 15,722 * Kapsch TrafficCom AG............................... 86 1,975 Lenzing AG......................................... 882 57,203 Mayr Melnhof Karton AG............................. 755 77,924 Oesterreichische Post AG........................... 1,393 69,049 OMV AG............................................. 7,491 186,233 Palfinger AG....................................... 416 10,905 POLYTEC Holding AG................................. 362 2,779 # Raiffeisen Bank International AG................... 7,054 82,427 RHI AG............................................. 1,038 27,227 Rosenbauer International AG........................ 131 9,954 S IMMO AG.......................................... 2,461 19,048 Schoeller-Bleckmann Oilfield Equipment AG.......... 459 27,150 Semperit AG Holding................................ 494 21,814 Strabag SE......................................... 1,732 38,380 UNIQA Insurance Group AG........................... 2,094 17,724 Verbund AG......................................... 3,423 59,912 Vienna Insurance Group AG Wiener Versicherung Gruppe........................................... 1,985 84,249 Voestalpine AG..................................... 5,007 178,312 Wienerberger AG.................................... 7,724 109,143 Zumtobel Group AG.................................. 1,877 43,069 ----------- TOTAL AUSTRIA.......................................... 1,520,921 ----------- BELGIUM -- (1.3%) * Ablynx NV.......................................... 1,906 22,479 Ackermans & van Haaren NV.......................... 1,648 195,868 Ageas.............................................. 14,157 484,790 * AGFA-Gevaert NV.................................... 13,663 31,914 Banque Nationale de Belgique....................... 13 51,279 Barco NV........................................... 1,098 70,667 Belgacom SA........................................ 10,220 380,636 Cie d'Entreprises CFE.............................. 814 77,509 Cie Immobiliere de Belgique SA..................... 213 11,473 Cie Maritime Belge SA.............................. 333 5,213 Colruyt SA......................................... 6,266 289,008 D'ieteren SA....................................... 745 24,056 Deceuninck NV...................................... 5,234 10,826 Delhaize Group SA.................................. 8,987 747,596 1110 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- BELGIUM -- (Continued) Delhaize Group SA Sponsored ADR.................... 5,552 $ 114,871 Econocom Group..................................... 801 6,559 Elia System Operator SA............................ 1,600 70,269 * Euronav NV......................................... 7,005 82,130 # EVS Broadcast Equipment SA......................... 367 12,377 Exmar NV........................................... 3,996 35,204 Fagron............................................. 2,168 88,515 * Ion Beam Applications.............................. 595 11,673 * KBC Groep NV....................................... 6,539 351,700 Kinepolis Group NV................................. 1,256 55,141 Lotus Bakeries..................................... 25 30,002 Melexis NV......................................... 726 36,339 * Mobistar SA........................................ 3,929 87,311 NV Bekaert SA...................................... 2,483 74,939 #* Nyrstar NV......................................... 19,675 73,970 Recticel SA........................................ 2,190 12,648 * RHJ International SA............................... 5,780 30,357 Sipef SA........................................... 498 29,131 # Solvay SA.......................................... 4,997 683,173 * Telenet Group Holding NV........................... 1,950 108,445 * Tessenderlo Chemie NV.............................. 3,765 97,448 #* ThromboGenics NV................................... 592 4,640 Umicore SA......................................... 7,827 327,803 Van de Velde NV.................................... 436 23,717 ---------- TOTAL BELGIUM.......................................... 4,851,676 ---------- CANADA -- (9.9%) * 5N Plus, Inc....................................... 4,100 7,357 Absolute Software Corp............................. 3,700 25,624 Acadian Timber Corp................................ 700 8,720 * Advantage Oil & Gas, Ltd.(B66PKS8)................. 13,520 56,710 * Advantage Oil & Gas, Ltd.(00765F101)............... 3,399 14,208 Aecon Group, Inc................................... 4,795 36,980 # AG Growth International, Inc....................... 600 25,545 AGF Management, Ltd. Class B....................... 7,491 42,445 Agnico Eagle Mines, Ltd.(008474108)................ 13,223 445,880 Agnico Eagle Mines, Ltd.(2009823).................. 892 30,059 Agrium, Inc........................................ 6,579 701,650 AGT Food & Ingredient, Inc......................... 1,700 37,527 Aimia, Inc......................................... 3,000 32,179 * Ainsworth Lumber Co, Ltd........................... 13,300 38,099 * Air Canada......................................... 2,900 26,816 AirBoss of America Corp............................ 2,678 29,442 Alacer Gold Corp................................... 24,396 57,213 Alamos Gold, Inc.(2411707)......................... 1,088 5,805 * Alamos Gold, Inc.(011527108)....................... 7,859 41,653 * Alexco Resource Corp............................... 1,285 681 Algonquin Power & Utilities Corp................... 9,994 79,593 Alimentation Couche Tard, Inc. Class B............. 5,865 229,809 # AltaGas, Ltd....................................... 8,000 270,339 Altus Group, Ltd................................... 1,700 25,138 # ARC Resources, Ltd................................. 3,923 71,007 #* Argonaut Gold, Inc................................. 3,300 6,441 1111 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Arsenal Energy, Inc................................ 2,307 $ 6,899 #* Artek Exploration, Ltd............................. 8,000 8,310 #* Athabasca Oil Corp................................. 25,200 36,887 * ATS Automation Tooling Systems, Inc................ 3,200 36,515 AuRico Gold, Inc.(05155C105)....................... 10,768 42,426 AuRico Gold, Inc.(2287317)......................... 12,119 47,782 AutoCanada, Inc.................................... 709 18,067 #* Avigilon Corp...................................... 2,238 34,080 * B2Gold Corp........................................ 46,293 91,078 # Badger Daylighting, Ltd............................ 1,700 30,235 Bank of Montreal................................... 13,526 777,474 Bank of Nova Scotia (The).......................... 25,169 1,209,119 * Bankers Petroleum, Ltd............................. 26,500 60,896 Barrick Gold Corp.(067901108)...................... 46,629 595,919 Barrick Gold Corp.(2024644)........................ 5,291 67,663 Baytex Energy Corp................................. 2,602 40,695 BCE, Inc.(05534B760)............................... 2,798 128,568 BCE, Inc.(B188TH2)................................. 775 35,594 * Bellatrix Exploration, Ltd.(B580BW5)............... 7,224 14,611 * Bellatrix Exploration, Ltd.(078314101)............. 7,797 15,828 * Birchcliff Energy, Ltd............................. 7,200 38,530 # Black Diamond Group, Ltd........................... 1,800 14,321 #* BlackBerry, Ltd.(09228F103)........................ 21,014 213,292 #* BlackBerry, Ltd.(BCBHZ31).......................... 8,300 84,326 * BlackPearl Resources, Inc.......................... 10,381 7,516 * BNK Petroleum, Inc................................. 9,658 2,166 # Bombardier, Inc. Class B........................... 32,800 74,856 # Bonavista Energy Corp.............................. 11,720 55,340 # Bonterra Energy Corp............................... 3,200 100,102 Boralex, Inc. Class A.............................. 3,000 32,132 Brookfield Asset Management, Inc. Class A.......... 4,060 206,882 #* Brookfield Residential Properties, Inc............. 1,457 35,143 Calfrac Well Services, Ltd......................... 5,454 35,024 Cameco Corp........................................ 14,192 198,972 Canaccord Genuity Group, Inc....................... 8,900 44,686 # Canadian Energy Services & Technology Corp......... 7,800 32,963 Canadian Imperial Bank of Commerce................. 6,087 422,560 Canadian National Railway Co....................... 9,792 646,076 Canadian Natural Resources, Ltd.................... 53,582 1,550,663 Canadian Oil Sands, Ltd............................ 22,249 137,448 Canadian Pacific Railway, Ltd...................... 2,100 366,807 # Canadian Tire Corp., Ltd. Class A.................. 2,595 239,323 Canadian Utilities, Ltd. Class A................... 1,500 49,732 Canadian Western Bank.............................. 7,735 156,867 Canam Group, Inc. Class A.......................... 3,400 29,834 CanElson Drilling, Inc............................. 8,349 21,222 # Canexus Corp....................................... 14,560 27,156 * Canfor Corp........................................ 5,377 134,351 Canfor Pulp Products, Inc.......................... 1,300 16,113 CanWel Building Materials Group, Ltd............... 1,900 8,493 Canyon Services Group, Inc......................... 2,376 13,182 Capital Power Corp................................. 4,730 94,138 # Capstone Infrastructure Corp....................... 8,300 22,012 1112 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * Capstone Mining Corp............................... 28,700 $ 26,200 Cascades, Inc...................................... 8,000 49,422 * Catamaran Corp..................................... 3,287 164,054 CCL Industries, Inc. Class B....................... 1,085 112,155 * Celestica, Inc..................................... 19,183 214,658 Cenovus Energy, Inc................................ 27,592 521,213 Centerra Gold, Inc................................. 17,742 106,393 * Cequence Energy, Ltd............................... 18,004 12,327 Cervus Equipment Corp.............................. 1,200 18,066 * CGI Group, Inc. Class A............................ 8,717 345,193 * China Gold International Resources Corp., Ltd...... 8,852 15,117 # CI Financial Corp.................................. 4,400 112,190 # Cineplex, Inc...................................... 2,100 74,682 Clearwater Seafoods, Inc........................... 1,677 18,397 # Cogeco Cable, Inc.................................. 1,491 85,656 Cogeco, Inc........................................ 395 18,496 Colabor Group, Inc................................. 500 1,299 COM DEV International, Ltd......................... 6,741 20,477 Computer Modelling Group, Ltd...................... 3,700 31,971 Constellation Software, Inc........................ 700 193,958 * Copper Mountain Mining Corp........................ 11,097 8,646 # Corus Entertainment, Inc. Class B.................. 7,248 123,034 Cott Corp.(22163N106).............................. 5,107 38,813 Cott Corp.(2228952)................................ 3,356 25,513 # Crescent Point Energy Corp.(B67C8W8)............... 4,478 106,426 Crescent Point Energy Corp.(22576C101)............. 5,908 140,265 * Crew Energy, Inc................................... 9,900 40,747 * DeeThree Exploration, Ltd.......................... 8,400 36,556 * Delphi Energy Corp................................. 8,492 7,819 #* Denison Mines Corp................................. 3,500 3,002 * Descartes Systems Group, Inc. (The)................ 100 1,528 DH Corp............................................ 3,129 87,391 # DirectCash Payments, Inc........................... 2,293 32,716 Dollarama, Inc..................................... 2,800 132,982 * Dominion Diamond Corp.............................. 8,601 142,777 Dorel Industries, Inc. Class B..................... 2,894 82,923 * Dundee Precious Metals, Inc........................ 6,718 18,927 Eldorado Gold Corp.(2307873)....................... 42,001 201,626 Eldorado Gold Corp.(284902103)..................... 7,243 34,622 # Emera, Inc......................................... 1,600 52,355 Empire Co., Ltd.................................... 1,265 92,085 # Enbridge Income Fund Holdings, Inc................. 4,800 155,517 Enbridge, Inc.(29250N105).......................... 6,108 295,810 Enbridge, Inc.(2466149)............................ 2,200 106,563 Encana Corp........................................ 66,519 814,193 * Endeavour Mining Corp.............................. 38,500 18,179 * Endeavour Silver Corp.(29258Y103).................. 4,949 13,560 * Endeavour Silver Corp.(2980003).................... 5,300 14,557 Enerflex, Ltd...................................... 7,051 88,783 * Energy Fuels, Inc.................................. 2,154 9,781 Enerplus Corp...................................... 11,838 116,012 Enghouse Systems, Ltd.............................. 577 18,386 Ensign Energy Services, Inc........................ 12,597 87,337 1113 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) #* Epsilon Energy, Ltd................................ 5,703 $ 17,863 #* Essential Energy Services Trust.................... 19,400 20,000 Evertz Technologies, Ltd........................... 1,400 20,107 # Exchange Income Corp............................... 200 3,483 Exco Technologies, Ltd............................. 1,111 11,716 # Extendicare, Inc................................... 5,400 28,982 Fairfax Financial Holdings, Ltd.................... 590 313,410 Fiera Capital Corp................................. 2,200 21,468 Finning International, Inc......................... 9,300 153,329 First Capital Realty, Inc.......................... 3,151 48,404 #* First Majestic Silver Corp......................... 7,108 43,999 First Quantum Minerals, Ltd........................ 12,795 116,703 FirstService Corp.................................. 1,720 90,076 # Fortis, Inc........................................ 3,700 122,033 * Fortuna Silver Mines, Inc.(2383033)................ 7,299 35,384 * Fortuna Silver Mines, Inc.(349915108).............. 1,312 6,337 # Genworth MI Canada, Inc............................ 3,077 76,568 George Weston, Ltd................................. 2,634 208,780 Gibson Energy, Inc................................. 5,784 102,917 Gildan Activewear, Inc............................. 1,502 87,672 Gluskin Sheff + Associates, Inc.................... 1,900 39,594 GMP Capital, Inc................................... 2,900 11,982 Goldcorp, Inc...................................... 15,899 382,053 #* Golden Star Resources, Ltd......................... 12,402 3,904 * Gran Tierra Energy, Inc.(38500T101)................ 2,706 5,791 * Gran Tierra Energy, Inc.(B2PPCS5).................. 11,198 24,234 #* Great Panther Silver, Ltd.......................... 753 533 Great-West Lifeco, Inc............................. 3,224 81,723 * Heroux-Devtek, Inc................................. 2,214 19,689 High Liner Foods, Inc.............................. 925 16,415 # Horizon North Logistics, Inc....................... 4,600 7,819 HudBay Minerals, Inc.(B05BDX1)..................... 7,449 54,225 HudBay Minerals, Inc.(B05BQ98)..................... 19,343 138,302 Hudson's Bay Co.................................... 4,500 82,939 Husky Energy, Inc.................................. 11,600 249,673 * IAMGOLD Corp.(2446646)............................. 32,507 86,979 * IAMGOLD Corp.(450913108)........................... 4,292 11,460 # IGM Financial, Inc................................. 1,000 34,320 #* Imax Corp.......................................... 4,098 136,586 #* Imperial Metals Corp............................... 1,400 9,861 Imperial Oil, Ltd.................................. 11,227 416,634 # Industrial Alliance Insurance & Financial Services, Inc.................................... 6,818 217,090 # Innergex Renewable Energy, Inc..................... 6,600 61,912 Intact Financial Corp.............................. 2,100 140,342 # Inter Pipeline, Ltd................................ 2,900 75,404 * Interfor Corp...................................... 6,340 110,764 Intertape Polymer Group, Inc....................... 3,400 50,169 #* Ithaca Energy, Inc................................. 13,625 12,974 Jean Coutu Group PJC, Inc. (The) Class A........... 3,200 64,191 # Just Energy Group, Inc.(B63MCN1)................... 6,298 31,968 Just Energy Group, Inc.(B693818)................... 4,023 20,356 K-Bro Linen, Inc................................... 600 22,736 Keyera Corp........................................ 1,244 73,424 1114 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) # Killam Properties, Inc............................. 4,400 $ 38,470 * Kinross Gold Corp.(B03Z841)........................ 29,899 101,412 * Kinross Gold Corp.(496902404)...................... 27,330 92,649 #* Kirkland Lake Gold, Inc............................ 6,317 22,420 * Knight Therapeutics, Inc........................... 400 2,553 #* Lake Shore Gold Corp............................... 32,305 28,982 Laurentian Bank of Canada.......................... 2,841 104,657 * Legacy Oil + Gas, Inc.............................. 12,424 15,057 # Leisureworld Senior Care Corp...................... 2,400 27,141 Leon's Furniture, Ltd.............................. 1,700 25,620 * Leucrotta Exploration, Inc......................... 1,600 1,196 # Lightstream Resources, Ltd......................... 12,084 7,227 Linamar Corp....................................... 3,300 189,035 Loblaw Cos., Ltd................................... 2,592 128,794 # Long Run Exploration, Ltd.......................... 7,084 5,909 Lucara Diamond Corp................................ 16,596 27,427 * Lundin Mining Corp................................. 28,256 100,509 MacDonald Dettwiler & Associates, Ltd.............. 1,100 80,801 Magellan Aerospace Corp............................ 993 10,432 Magna International, Inc........................... 3,199 307,168 Major Drilling Group International, Inc............ 6,620 35,426 Mandalay Resources Corp............................ 25,500 18,663 # Manitoba Telecom Services, Inc..................... 2,728 55,067 Manulife Financial Corp............................ 35,723 574,426 Maple Leaf Foods, Inc.............................. 7,700 123,496 Martinrea International, Inc....................... 7,667 56,898 Medical Facilities Corp............................ 1,900 29,292 * MEG Energy Corp.................................... 4,243 64,712 Melcor Developments, Ltd........................... 200 2,674 Methanex Corp...................................... 8,906 392,755 Metro, Inc......................................... 7,159 566,545 Morneau Shepell, Inc............................... 3,900 52,544 # MTY Food Group, Inc................................ 100 2,748 # Mullen Group, Ltd.................................. 8,635 138,560 # National Bank of Canada............................ 10,374 360,931 Nevsun Resources, Ltd.............................. 20,561 71,034 # New Flyer Industries, Inc.......................... 3,976 42,930 * New Gold, Inc.(644535106).......................... 4,011 17,488 * New Gold, Inc.(2826947)............................ 33,898 148,589 # Newalta Corp....................................... 4,747 49,499 #* Niko Resources, Ltd................................ 3,600 694 Norbord, Inc....................................... 1,000 22,255 North American Energy Partners, Inc................ 2,400 7,152 #* North American Palladium, Ltd...................... 3,301 559 North West Co., Inc. (The)......................... 2,168 45,315 # Northland Power, Inc............................... 5,527 74,378 #* Novagold Resources, Inc............................ 5,135 19,518 * NuVista Energy, Ltd................................ 10,700 60,123 * OceanaGold Corp.................................... 18,166 40,029 Onex Corp.......................................... 1,700 93,315 Open Text Corp..................................... 1,994 113,000 Osisko Gold Royalties, Ltd......................... 1,227 16,508 Pacific Rubiales Energy Corp....................... 23,185 53,825 1115 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) * Painted Pony Petroleum, Ltd........................ 5,400 $ 29,195 Pan American Silver Corp........................... 18,080 210,813 #* Paramount Resources, Ltd. Class A.................. 1,000 22,436 * Parex Resources, Inc............................... 11,521 62,379 # Parkland Fuel Corp................................. 4,500 77,520 Pason Systems, Inc................................. 4,305 60,677 Pembina Pipeline Corp.............................. 4,402 136,682 Pengrowth Energy Corp.(70706P104).................. 4,002 10,725 # Pengrowth Energy Corp.(B67M828).................... 26,323 70,432 Penn West Petroleum, Ltd........................... 20,635 30,746 * Performance Sports Group, Ltd...................... 1,200 22,362 # Peyto Exploration & Development Corp............... 4,600 116,204 # PHX Energy Services Corp........................... 3,238 15,875 Potash Corp. of Saskatchewan, Inc.................. 8,301 303,319 Precision Drilling Corp............................ 19,847 101,220 # Premium Brands Holdings Corp....................... 1,100 21,200 * Primero Mining Corp.(74164W106).................... 9,167 36,851 #* Primero Mining Corp.(B4Z8FV2)...................... 3,700 14,850 Progressive Waste Solutions, Ltd................... 10,870 310,012 # Pulse Seismic, Inc................................. 4,200 10,048 Quebecor, Inc. Class B............................. 3,100 77,701 Reitmans Canada, Ltd. Class A...................... 2,100 13,386 * Restaurant Brands International, Inc............... 1,721 66,581 Richelieu Hardware, Ltd............................ 636 29,650 Ritchie Bros Auctioneers, Inc...................... 2,701 67,525 * RMP Energy, Inc.................................... 14,035 47,825 * Rock Energy, Inc................................... 4,000 7,398 # Rocky Mountain Dealerships, Inc.................... 3,078 20,105 Rogers Communications, Inc. Class B................ 4,076 145,228 # Rogers Sugar, Inc.................................. 6,720 24,168 RONA, Inc.......................................... 10,696 107,659 Royal Bank of Canada............................... 22,306 1,262,297 # Russel Metals, Inc................................. 4,792 88,320 #* Sandstorm Gold, Ltd................................ 4,900 19,743 * Sandvine Corp...................................... 7,400 18,868 Saputo, Inc........................................ 5,050 145,217 Savanna Energy Services Corp....................... 8,000 14,165 * Scorpio Mining Corp................................ 4,800 755 #* Sears Canada, Inc.................................. 1,813 16,979 Secure Energy Services, Inc........................ 4,716 54,742 * SEMAFO, Inc........................................ 26,799 93,850 Shaw Communications, Inc. Class B.................. 10,419 241,096 ShawCor, Ltd....................................... 5,770 158,474 Sherritt International Corp........................ 24,429 41,141 #* Sierra Wireless, Inc............................... 1,995 72,039 * Silver Standard Resources, Inc..................... 7,380 45,535 Silver Wheaton Corp................................ 10,507 241,346 SNC-Lavalin Group, Inc............................. 3,454 114,300 * Solium Capital, Inc................................ 1,700 8,990 # Sprott, Inc........................................ 16,800 37,019 # Spyglass Resources Corp............................ 3,710 818 Stantec, Inc....................................... 3,374 82,865 Stella-Jones, Inc.................................. 1,300 37,117 1116 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Stuart Olson, Inc.................................. 1,300 $ 6,588 Student Transportation, Inc.(86388A108)............ 700 3,878 # Student Transportation, Inc.(B1FQZ15).............. 7,899 43,887 Sun Life Financial, Inc............................ 11,897 363,691 Suncor Energy, Inc................................. 71,552 2,132,965 * SunOpta, Inc.(2817510)............................. 1,492 15,640 * SunOpta, Inc.(8676EP108)........................... 1,100 11,506 # Superior Plus Corp................................. 12,114 116,307 # Surge Energy, Inc.................................. 14,851 30,036 #* TAG Oil, Ltd....................................... 1,089 1,234 Talisman Energy, Inc............................... 19,555 147,054 * Taseko Mines, Ltd.................................. 11,862 8,495 Teck Resources, Ltd. Class B....................... 19,154 246,704 TELUS Corp......................................... 2,698 92,541 * Tembec, Inc........................................ 7,455 16,545 * Teranga Gold Corp.................................. 50,000 24,789 * Thompson Creek Metals Co., Inc.(884768102)......... 6,318 8,087 * Thompson Creek Metals Co., Inc.(2439806)........... 9,099 11,314 Thomson Reuters Corp............................... 4,105 157,632 * Timmins Gold Corp.................................. 18,699 20,455 # TMX Group, Ltd..................................... 1,811 67,084 # TORC Oil & Gas, Ltd................................ 5,310 34,475 Toromont Industries, Ltd........................... 4,211 91,531 Toronto-Dominion Bank (The)........................ 29,506 1,175,224 # Torstar Corp. Class B.............................. 2,714 14,652 Total Energy Services, Inc......................... 2,500 25,675 * Tourmaline Oil Corp................................ 3,696 101,638 # TransAlta Corp..................................... 31,016 270,770 TransCanada Corp................................... 6,706 298,283 Transcontinental, Inc. Class A..................... 6,552 78,014 TransForce, Inc.................................... 7,177 162,890 TransGlobe Energy Corp.(893662106)................. 500 1,455 # TransGlobe Energy Corp.(2470548)................... 1,000 2,912 Trican Well Service, Ltd........................... 9,000 34,705 # Trilogy Energy Corp................................ 2,300 11,765 Trinidad Drilling, Ltd............................. 11,700 39,316 * Turquoise Hill Resources, Ltd.(900435108).......... 3,396 9,780 * Turquoise Hill Resources, Ltd.(B7WJ1F5)............ 23,699 68,820 # Twin Butte Energy, Ltd............................. 13,668 7,745 Uni-Select, Inc.................................... 1,000 24,789 Valener, Inc....................................... 2,500 33,308 # Veresen, Inc....................................... 6,547 83,312 # Vermilion Energy, Inc.(B607XS1).................... 600 26,428 Vermilion Energy, Inc.(923725105).................. 2,873 125,837 Vicwest, Inc....................................... 1,112 10,948 # Wajax Corp......................................... 1,800 34,351 West Fraser Timber Co., Ltd........................ 1,800 103,379 Western Energy Services Corp....................... 3,800 15,700 Western Forest Products, Inc....................... 31,514 63,985 # WesternOne, Inc.................................... 3,720 7,699 Westjet Airlines, Ltd.............................. 1,307 31,392 Westshore Terminals Investment Corp................ 3,500 88,140 Whistler Blackcomb Holdings, Inc................... 2,101 33,035 1117 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) # Whitecap Resources, Inc............................ 20,655 $ 201,722 Wi-Lan, Inc........................................ 13,600 36,496 Winpak, Ltd........................................ 689 20,496 # WSP Global, Inc.................................... 3,300 89,259 Yamana Gold, Inc.(98462Y100)....................... 14,406 59,209 Yamana Gold, Inc.(2219279)......................... 3,249 13,449 * Yellow Pages, Ltd.................................. 2,200 30,419 # Zargon Oil & Gas, Ltd.............................. 600 1,860 ZCL Composites, Inc................................ 1,726 7,987 ----------- TOTAL CANADA........................................... 37,108,563 ----------- CHINA -- (0.0%) * Technovator International, Ltd..................... 28,000 11,126 ----------- DENMARK -- (1.1%) ALK-Abello A.S..................................... 379 43,100 * Alm Brand A.S...................................... 9,122 47,226 # Ambu A.S. Class B.................................. 1,508 32,033 * Auriga Industries A.S. Class B..................... 1,430 67,667 #* Bang & Olufsen A.S................................. 2,210 15,284 * Bavarian Nordic A.S................................ 1,841 56,694 Chr Hansen Holding A.S............................. 6,027 250,451 Coloplast A.S. Class B............................. 1,093 86,156 # D/S Norden A.S..................................... 2,616 54,104 Danske Bank A.S.................................... 8,404 217,515 Dfds A.S........................................... 684 65,949 DSV A.S............................................ 14,670 462,071 East Asiatic Co., Ltd. A.S......................... 260 2,054 # FLSmidth & Co. A.S................................. 2,730 115,343 * Genmab A.S......................................... 2,143 143,596 GN Store Nord A.S.................................. 11,768 263,814 H Lundbeck A.S..................................... 3,462 70,312 IC Companys A.S.................................... 908 19,470 * Jyske Bank A.S..................................... 4,172 188,838 NKT Holding A.S.................................... 891 45,768 Novozymes A.S. Class B............................. 6,091 277,777 Pandora A.S........................................ 2,711 193,803 PER Aarsleff A.S. Class B.......................... 239 53,724 Ringkjoebing Landbobank A.S........................ 163 30,651 Rockwool International A.S. Class B................ 522 55,740 Schouw & Co........................................ 1,030 47,801 SimCorp A.S........................................ 2,126 61,787 Solar A.S. Class B................................. 239 10,557 Spar Nord Bank A.S................................. 3,872 34,911 * Sydbank A.S........................................ 2,665 75,071 TDC A.S............................................ 56,153 415,577 * Topdanmark A.S..................................... 6,592 220,585 Tryg A.S........................................... 623 72,950 # United International Enterprises................... 225 33,734 * Vestas Wind Systems A.S............................ 5,980 232,345 1118 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- DENMARK -- (Continued) * William Demant Holding A.S......................... 1,238 $ 93,958 ---------- TOTAL DENMARK.......................................... 4,158,416 ---------- FINLAND -- (1.3%) Aktia Bank Oyj..................................... 1,256 14,170 Amer Sports Oyj.................................... 11,474 218,834 Aspo Oyj........................................... 3,410 26,560 BasWare Oyj........................................ 260 11,142 Cargotec Oyj....................................... 3,329 106,637 Caverion Corp...................................... 3,326 31,087 Citycon Oyj........................................ 16,869 57,195 Elektrobit Oyj..................................... 3,951 18,284 Elisa Oyj.......................................... 11,881 316,033 F-Secure Oyj....................................... 5,330 13,780 * Finnair Oyj........................................ 5,464 20,334 # Fiskars Oyj Abp.................................... 2,550 53,543 Fortum Oyj......................................... 27,350 583,396 HKScan Oyj Class A................................. 4,861 21,170 Huhtamaki Oyj...................................... 8,876 243,338 Kemira Oyj......................................... 9,182 105,050 Kesko Oyj Class A.................................. 1,108 38,700 Kesko Oyj Class B.................................. 5,766 210,703 # Konecranes Oyj..................................... 5,042 153,606 Lassila & Tikanoja Oyj............................. 3,369 67,479 Metsa Board Oyj.................................... 15,474 92,462 Neste Oil Oyj...................................... 13,445 373,884 # Nokian Renkaat Oyj................................. 10,979 270,578 * Oriola-KD Oyj Class B.............................. 7,189 29,304 #* Outokumpu Oyj...................................... 16,237 87,849 # Outotec Oyj........................................ 18,535 107,330 PKC Group Oyj...................................... 1,929 41,925 # Ponsse Oy.......................................... 1,526 21,397 * Poyry Oyj.......................................... 493 1,621 Raisio Oyj Class V................................. 9,852 47,335 Ramirent Oyj....................................... 7,461 61,603 Sampo Oyj Class A.................................. 5,345 258,868 Sanoma Oyj......................................... 8,774 55,251 # Stockmann Oyj Abp.................................. 832 5,773 Technopolis Oyj.................................... 5,409 24,518 Tieto Oyj.......................................... 6,187 152,041 Tikkurila Oyj...................................... 1,512 27,282 UPM-Kymmene Oyj.................................... 40,895 718,827 Uponor Oyj......................................... 3,579 54,540 Vaisala Oyj Class A................................ 133 3,400 # YIT Oyj............................................ 4,403 25,645 ---------- TOTAL FINLAND.......................................... 4,772,474 ---------- FRANCE -- (7.2%) Accor SA........................................... 2,714 134,932 Aeroports de Paris................................. 251 30,116 Air Liquide SA..................................... 2,618 330,047 Akka Technologies SA............................... 683 24,753 1119 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Albioma SA......................................... 2,515 $ 46,735 Alten SA........................................... 2,540 106,386 Altran Technologies SA............................. 13,978 123,712 April SA........................................... 1,193 14,824 Arkema SA.......................................... 5,892 420,303 Assystem........................................... 402 7,859 AtoS............................................... 6,663 489,929 AXA SA............................................. 41,569 972,380 * Beneteau SA........................................ 497 7,241 BioMerieux......................................... 1,213 132,514 BNP Paribas SA..................................... 16,276 854,577 Boiron SA.......................................... 620 63,413 Bollore SA......................................... 24,656 106,118 Bonduelle S.C.A.................................... 1,111 25,040 Bongrain SA........................................ 249 15,162 Bureau Veritas SA.................................. 4,554 96,435 Burelle SA......................................... 39 29,021 Cap Gemini SA...................................... 2,275 165,120 Carrefour SA....................................... 19,201 601,679 Casino Guichard Perrachon SA....................... 3,489 316,530 * Cegedim SA......................................... 334 12,109 #* CGG SA............................................. 2,028 11,235 * Chargeurs SA....................................... 1,522 8,804 Christian Dior SA.................................. 907 155,994 Cie de Saint-Gobain................................ 12,162 518,109 * Cie des Alpes...................................... 283 5,055 Cie Generale des Etablissements Michelin........... 9,557 930,679 * Club Mediterranee SA............................... 316 8,806 CNP Assurances..................................... 7,115 124,907 Credit Agricole SA................................. 15,833 187,774 Danone SA.......................................... 4,415 296,294 Dassault Systemes SA............................... 812 50,178 Derichebourg SA.................................... 13,919 54,111 Edenred............................................ 7,604 218,544 Eiffage SA......................................... 4,223 205,608 Electricite de France SA........................... 11,210 303,891 #* Eramet............................................. 319 25,548 Essilor International SA........................... 3,795 422,654 * Esso SA Francaise.................................. 70 2,896 * Etablissements Maurel et Prom...................... 6,911 55,823 Euler Hermes Group................................. 1,002 98,124 Eurofins Scientific SE............................. 467 119,975 European Aeronautic Defence and Space Co. NV....... 3,364 179,234 Eutelsat Communications SA......................... 6,686 229,687 Faiveley Transport SA.............................. 228 13,831 Faurecia........................................... 6,780 272,328 Fimalac............................................ 134 10,562 GDF Suez........................................... 66,707 1,479,453 GL Events.......................................... 119 2,216 Groupe Crit........................................ 361 15,840 Groupe Eurotunnel SE............................... 12,743 171,096 * Groupe Fnac........................................ 60 3,009 Guerbet............................................ 417 15,497 1120 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Haulotte Group SA.................................. 1,255 $ 18,624 # Hermes International............................... 198 67,195 * Hi-Media SA........................................ 6,699 17,411 Iliad SA........................................... 539 125,191 Imerys SA.......................................... 2,646 191,055 # Ingenico........................................... 1,706 178,350 Interparfums SA.................................... 271 7,998 Ipsen SA........................................... 1,703 86,673 IPSOS.............................................. 1,229 32,023 Jacquet Metal Service.............................. 1,075 18,750 JCDecaux SA........................................ 3,488 125,500 Kering............................................. 2,404 485,039 Korian-Medica...................................... 1,898 71,775 L'Oreal SA......................................... 1,109 198,294 Lagardere SCA...................................... 8,739 239,020 * Le Noble Age....................................... 495 11,147 Lectra............................................. 1,033 11,620 Legrand SA......................................... 4,560 244,440 LISI............................................... 2,076 51,558 LVMH Moet Hennessy Louis Vuitton SA................ 3,279 527,343 * Manitou BF SA...................................... 323 4,742 Mersen............................................. 323 7,630 Metropole Television SA............................ 2,867 52,419 MGI Coutier........................................ 680 10,332 Montupet........................................... 560 44,441 Natixis SA......................................... 25,834 164,304 # Naturex............................................ 203 10,622 # Neopost SA......................................... 3,101 160,895 * Nexans SA.......................................... 2,620 82,519 Nexity SA.......................................... 3,074 121,041 Norbert Dentressangle SA........................... 387 57,097 * NRJ Group.......................................... 384 2,877 Orange SA.......................................... 79,376 1,396,468 Orpea.............................................. 1,027 66,762 * Parrot SA.......................................... 437 9,373 * Peugeot SA......................................... 40,786 587,906 * Pierre & Vacances SA............................... 349 9,958 Plastic Omnium SA.................................. 3,689 105,910 PSB Industries SA.................................. 175 7,993 Publicis Groupe SA................................. 2,821 210,778 Rallye SA.......................................... 2,374 89,016 Rexel SA........................................... 19,677 367,639 Rubis SCA.......................................... 2,428 140,811 Saft Groupe SA..................................... 1,949 62,168 SCOR SE............................................ 9,582 298,287 SEB SA............................................. 2,097 143,503 SES SA............................................. 6,294 229,280 Societe BIC SA..................................... 972 138,204 Societe d'Edition de Canal +....................... 5,826 39,244 Societe Generale SA................................ 16,701 670,651 Societe Television Francaise 1..................... 8,654 136,230 # Sodexo SA.......................................... 1,628 161,521 #* SOITEC............................................. 20,285 20,129 1121 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) * Solocal Group...................................... 35,683 $ 29,951 Somfy SA........................................... 112 28,431 Sopra Steria Group................................. 931 72,457 Stallergenes SA.................................... 167 9,938 #* Ste Industrielle d'Aviation Latecoere SA........... 777 9,904 Stef SA............................................ 571 32,911 # STMicroelectronics NV(2430025)..................... 3,197 26,535 STMicroelectronics NV(5962332)..................... 48,462 402,398 * Store Electronic................................... 567 8,039 Suez Environnement Co.............................. 9,586 176,213 Synergie SA........................................ 618 13,485 * Technicolor SA..................................... 10,441 62,372 Technip SA......................................... 5,238 305,882 Teleperformance.................................... 3,211 230,055 Tessi SA........................................... 32 3,241 Thermador Groupe................................... 236 18,937 Total Gabon........................................ 46 15,802 Total SA........................................... 59,697 3,064,281 Total SA Sponsored ADR............................. 6,978 359,437 Trigano SA......................................... 1,173 35,011 * UBISOFT Entertainment.............................. 11,371 228,254 Valeo SA........................................... 3,128 441,053 Vallourec SA....................................... 7,683 166,698 Veolia Environnement SA............................ 11,422 209,241 Veolia Environnement SA ADR........................ 1,130 20,622 Vicat.............................................. 986 69,248 Vilmorin & Cie SA.................................. 609 53,556 Vinci SA........................................... 10,863 570,679 Virbac SA.......................................... 188 41,731 Vivendi SA......................................... 18,552 438,706 Zodiac Aerospace................................... 6,489 215,210 ----------- TOTAL FRANCE........................................... 27,004,731 ----------- GERMANY -- (5.6%) Aareal Bank AG..................................... 4,773 180,735 Adidas AG.......................................... 2,625 180,619 Adler Modemaerkte AG............................... 1,392 20,137 * ADVA Optical Networking SE......................... 893 2,952 #* Aixtron SE......................................... 2,254 17,826 Allianz SE......................................... 6,332 1,044,092 Amadeus Fire AG.................................... 146 10,861 Aurubis AG......................................... 3,095 167,790 Axel Springer SE................................... 2,313 142,227 BASF SE............................................ 10,367 927,200 Bayerische Motoren Werke AG........................ 11,070 1,287,337 BayWa AG........................................... 856 33,671 Bechtle AG......................................... 1,113 94,056 Bertrandt AG....................................... 281 36,934 Bijou Brigitte AG.................................. 144 8,676 Bilfinger SE....................................... 1,770 92,470 Biotest AG......................................... 358 39,784 Borussia Dortmund GmbH & Co. KGaA.................. 7,877 35,483 Brenntag AG........................................ 5,350 291,228 1122 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) CANCOM SE.......................................... 931 $ 39,821 Carl Zeiss Meditec AG.............................. 1,587 41,861 Celesio AG......................................... 3,394 100,541 CENIT AG........................................... 720 9,747 CENTROTEC Sustainable AG........................... 278 4,147 Cewe Stiftung & Co. KGAA........................... 599 35,112 Comdirect Bank AG.................................. 2,126 21,125 * Commerzbank AG..................................... 22,412 268,704 CompuGroup Medical AG.............................. 1,461 37,790 Continental AG..................................... 1,513 341,404 CropEnergies AG.................................... 700 2,138 CTS Eventim AG & Co. KGaA.......................... 2,474 70,763 # Delticom AG........................................ 534 10,281 Deutsche Bank AG................................... 26,499 767,941 Deutsche Boerse AG................................. 3,737 286,556 Deutsche Telekom AG................................ 105,218 1,813,757 Deutsche Wohnen AG................................. 9,840 255,605 * Dialog Semiconductor P.L.C......................... 3,353 128,235 DMG Mori Seiki AG.................................. 5,319 174,226 Dr Hoenle AG....................................... 513 10,413 Draegerwerk AG & Co. KGaA.......................... 215 17,211 Drillisch AG....................................... 1,634 63,304 Duerr AG........................................... 1,302 118,497 E.ON SE............................................ 28,577 442,370 Eckert & Ziegler AG................................ 144 3,417 Elmos Semiconductor AG............................. 1,399 27,675 ElringKlinger AG................................... 3,323 115,784 * Euromicron AG...................................... 463 5,921 #* Evotec AG.......................................... 4,707 19,421 Fielmann AG........................................ 1,208 82,111 Fraport AG Frankfurt Airport Services Worldwide.... 2,238 136,748 Freenet AG......................................... 9,137 272,058 Fresenius Medical Care AG & Co. KGaA............... 6,699 496,485 Fuchs Petrolub SE.................................. 929 35,084 GEA Group AG....................................... 4,098 185,231 Gerresheimer AG.................................... 3,126 170,427 Gerry Weber International AG....................... 1,999 77,018 Gesco AG........................................... 44 3,450 GFK SE............................................. 1,682 66,970 GFT Technologies AG................................ 1,156 17,754 Grammer AG......................................... 1,462 58,142 * H&R AG............................................. 304 2,309 Hamburger Hafen und Logistik AG.................... 2,912 59,827 Hannover Rueck SE.................................. 3,492 312,979 HeidelbergCement AG................................ 4,029 296,289 #* Heidelberger Druckmaschinen AG..................... 19,276 45,251 Henkel AG & Co. KGaA............................... 955 97,718 Hochtief AG........................................ 2,053 142,777 Homag Group AG..................................... 206 8,040 Hornbach Baumarkt AG............................... 657 23,946 Hugo Boss AG....................................... 1,484 191,599 Indus Holding AG................................... 1,784 77,816 Infineon Technologies AG........................... 35,487 397,697 1123 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) Isra Vision AG..................................... 295 $ 18,141 Jenoptik AG........................................ 3,479 46,550 * Joyou AG........................................... 904 12,512 K+S AG............................................. 11,521 363,755 * Kloeckner & Co. SE................................. 8,201 84,498 * Koenig & Bauer AG.................................. 107 1,414 * Kontron AG......................................... 4,757 28,123 Krones AG.......................................... 1,351 127,903 # KUKA AG............................................ 1,446 97,754 KWS Saat AG........................................ 118 36,059 Lanxess AG......................................... 7,040 337,449 Leoni AG........................................... 3,421 213,422 Linde AG........................................... 3,149 603,255 #* Manz AG............................................ 353 25,284 * Metro AG........................................... 8,822 271,466 MLP AG............................................. 1,362 5,401 MTU Aero Engines AG................................ 3,556 325,327 Muenchener Rueckversicherungs-Gesellschaft AG...... 2,154 431,837 Nemetschek AG...................................... 391 40,813 * Nordex SE.......................................... 3,624 69,944 Norma Group SE..................................... 2,762 136,963 OHB AG............................................. 906 21,678 * Osram Licht AG..................................... 5,004 230,025 * Patrizia Immobilien AG............................. 3,197 56,053 Pfeiffer Vacuum Technology AG...................... 752 67,531 # PNE Wind AG........................................ 5,986 14,911 Puma SE............................................ 124 23,601 * QIAGEN NV(5732825)................................. 13,325 304,865 * QIAGEN NV(2437907)................................. 526 12,061 QSC AG............................................. 4,310 8,556 # R Stahl AG......................................... 573 27,545 Rational AG........................................ 193 63,519 RWE AG............................................. 29,856 828,188 SAF-Holland SA..................................... 3,516 51,922 Salzgitter AG...................................... 3,042 82,927 SAP SE............................................. 4,933 321,966 SAP SE Sponsored ADR............................... 555 36,275 Schaltbau Holding AG............................... 406 20,863 * SGL Carbon SE...................................... 739 11,733 SHW AG............................................. 419 20,676 Siemens AG......................................... 5,589 590,404 * Singulus Technologies AG........................... 3,636 3,487 Sixt SE............................................ 929 35,997 #* SMA Solar Technology AG............................ 616 7,489 Softing AG......................................... 978 16,207 Software AG........................................ 3,424 90,623 #* Solarworld AG...................................... 19 250 Stada Arzneimittel AG.............................. 5,855 181,541 Stroeer Media SE................................... 1,459 42,467 # Suedzucker AG...................................... 6,462 81,255 * Suss Microtec AG................................... 1,897 9,969 Symrise AG......................................... 4,082 267,179 Takkt AG........................................... 2,891 49,225 1124 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) * Talanx AG.......................................... 3,042 $ 92,648 Telefonica Deutschland Holding AG.................. 32,668 181,235 #* ThyssenKrupp AG.................................... 9,025 234,457 * Tom Tailor Holding AG.............................. 1,823 22,383 United Internet AG................................. 4,668 202,219 # Vossloh AG......................................... 506 32,398 VTG AG............................................. 964 23,141 # Wacker Chemie AG................................... 1,546 165,536 Wacker Neuson SE................................... 3,055 61,878 Wincor Nixdorf AG.................................. 1,766 80,931 Wirecard AG........................................ 1,516 67,764 XING AG............................................ 115 14,041 ----------- TOTAL GERMANY.......................................... 21,143,060 ----------- HONG KONG -- (2.7%) AIA Group, Ltd..................................... 138,600 803,675 APT Satellite Holdings, Ltd........................ 21,500 29,242 Asia Satellite Telecommunications Holdings, Ltd.... 3,000 10,428 ASM Pacific Technology, Ltd........................ 8,800 79,496 Bank of East Asia, Ltd............................. 59,600 247,645 BOC Hong Kong Holdings, Ltd........................ 102,500 359,282 Bonjour Holdings, Ltd.............................. 234,000 21,132 #* Brightoil Petroleum Holdings, Ltd.................. 172,000 41,779 * Burwill Holdings, Ltd.............................. 460,000 19,816 Cafe de Coral Holdings, Ltd........................ 16,000 58,897 Cathay Pacific Airways, Ltd........................ 72,000 167,428 Cheung Kong Holdings, Ltd.......................... 20,000 381,655 Cheung Kong Infrastructure Holdings, Ltd........... 8,000 65,658 Chevalier International Holdings, Ltd.............. 4,000 6,865 # China Electronics Corp. Holdings Co., Ltd.......... 80,000 18,432 * China Energy Development Holdings, Ltd............. 412,000 7,831 Chong Hing Bank, Ltd............................... 94 212 Chow Sang Sang Holdings International, Ltd......... 31,000 82,159 # Chow Tai Fook Jewellery Group, Ltd................. 20,600 27,258 CITIC Telecom International Holdings, Ltd.......... 148,000 45,740 CK Life Sciences International Holdings, Inc....... 244,000 24,830 CLP Holdings, Ltd.................................. 15,500 138,577 CSI Properties, Ltd................................ 390,000 15,032 Dah Sing Banking Group, Ltd........................ 27,328 45,592 Dah Sing Financial Holdings, Ltd................... 8,520 49,056 Dorsett Hospitality International, Ltd............. 46,000 7,594 Emperor Watch & Jewellery, Ltd..................... 130,000 5,598 Esprit Holdings, Ltd............................... 120,600 136,348 Fairwood Holdings, Ltd............................. 5,500 13,746 Far East Consortium International, Ltd............. 78,000 30,480 * FIH Mobile, Ltd.................................... 188,000 83,631 First Pacific Co., Ltd............................. 184,000 186,713 Future Bright Holdings, Ltd........................ 48,000 12,460 * G-Resources Group, Ltd............................. 831,600 23,595 * GCL New Energy Holdings, Ltd....................... 264,000 30,867 # Giordano International, Ltd........................ 120,000 56,781 * Global Brands Group Holding, Ltd................... 88,000 16,580 # Haitong International Securities Group, Ltd........ 58,000 36,536 1125 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- HONG KONG -- (Continued) Hang Lung Group, Ltd............................... 24,000 $114,449 Hang Lung Properties, Ltd.......................... 56,000 163,937 Hang Seng Bank, Ltd................................ 17,500 306,054 HKR International, Ltd............................. 44,800 23,012 Hong Kong & China Gas Co., Ltd..................... 69,720 159,836 Hong Kong Aircraft Engineering Co., Ltd............ 1,600 17,680 Hong Kong Exchanges and Clearing, Ltd.............. 9,277 213,511 Hongkong & Shanghai Hotels (The)................... 24,000 34,335 Hongkong Chinese, Ltd.............................. 30,000 5,259 Hopewell Holdings, Ltd............................. 31,000 116,176 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 138,000 63,130 Hutchison Whampoa, Ltd............................. 37,000 489,664 Hysan Development Co., Ltd......................... 21,000 101,767 IT, Ltd............................................ 56,000 14,352 Johnson Electric Holdings, Ltd..................... 26,875 97,770 K Wah International Holdings, Ltd.................. 75,463 40,715 Kerry Logistics Network, Ltd....................... 7,000 10,677 Kerry Properties, Ltd.............................. 47,500 168,760 Kowloon Development Co., Ltd....................... 32,000 37,335 L'Occitane International SA........................ 26,000 65,612 Lai Sun Development Co., Ltd....................... 416,000 9,308 Lee's Pharmaceutical Holdings, Ltd................. 9,000 13,538 Li & Fung, Ltd..................................... 88,000 86,861 Lifestyle International Holdings, Ltd.............. 32,000 62,973 Lippo China Resources, Ltd......................... 210,000 7,156 # Liu Chong Hing Investment, Ltd..................... 16,000 19,733 Luk Fook Holdings International, Ltd............... 33,000 123,098 Magnificent Estates................................ 102,000 4,464 Man Wah Holdings, Ltd.............................. 70,400 60,023 # Melco International Development, Ltd............... 42,000 83,732 #* Midland Holdings, Ltd.............................. 64,000 32,275 Miramar Hotel & Investment......................... 4,000 5,069 * Mongolian Mining Corp.............................. 90,000 3,559 MTR Corp., Ltd..................................... 25,000 110,751 New World Development Co., Ltd..................... 203,953 243,688 # Newocean Energy Holdings, Ltd...................... 84,000 30,896 NWS Holdings, Ltd.................................. 53,883 99,726 * Orange Sky Golden Harvest Entertainment Holdings, Ltd.............................................. 320,000 19,808 Orient Overseas International, Ltd................. 18,500 120,564 Pacific Basin Shipping, Ltd........................ 79,000 29,132 Pacific Textile Holdings, Ltd...................... 52,000 71,744 PCCW, Ltd.......................................... 270,000 178,414 # Pico Far East Holdings, Ltd........................ 32,000 7,181 Playmates Holdings, Ltd............................ 14,000 13,600 # Playmates Toys, Ltd................................ 96,000 20,316 Polytec Asset Holdings, Ltd........................ 160,000 21,613 Power Assets Holdings, Ltd......................... 8,500 88,684 # Prada SpA.......................................... 10,900 63,927 Regal Hotels International Holdings, Ltd........... 30,000 18,639 # SA SA International Holdings, Ltd.................. 66,000 42,550 Samsonite International SA......................... 75,300 228,526 SAS Dragon Hldg, Ltd............................... 64,000 13,740 SEA Holdings, Ltd.................................. 8,000 5,368 1126 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- HONG KONG -- (Continued) Shangri-La Asia, Ltd............................... 68,000 $ 88,097 Shenyin Wanguo HK, Ltd............................. 67,500 52,511 Shun Tak Holdings, Ltd............................. 148,000 67,635 Singamas Container Holdings, Ltd................... 136,000 21,898 Sino Land Co., Ltd................................. 65,931 110,596 Sitoy Group Holdings, Ltd.......................... 24,000 15,778 SmarTone Telecommunications Holdings, Ltd.......... 38,000 66,625 * SOCAM Development, Ltd............................. 12,000 10,905 Soundwill Holdings, Ltd............................ 6,000 9,735 Stella International Holdings, Ltd................. 21,500 56,195 Sun Hung Kai & Co., Ltd............................ 59,000 52,900 Sun Hung Kai Properties, Ltd....................... 28,196 458,089 Swire Pacific, Ltd. Class A........................ 15,000 200,874 Swire Pacific, Ltd. Class B........................ 17,500 42,752 Swire Properties, Ltd.............................. 5,400 17,441 Techtronic Industries Co., Ltd..................... 46,500 151,858 Television Broadcasts, Ltd......................... 30,700 190,762 Texwinca Holdings, Ltd............................. 54,000 44,485 Tradelink Electronic Commerce, Ltd................. 100,000 22,390 Transport International Holdings, Ltd.............. 14,400 35,507 Trinity, Ltd....................................... 32,000 6,231 * TSC Group Holdings, Ltd............................ 51,000 12,836 * United Laboratories International Holdings, Ltd. (The)............................................ 58,000 28,418 Value Partners Group, Ltd.......................... 94,000 79,878 Varitronix International, Ltd...................... 38,000 25,901 Victory City International Holdings, Ltd........... 156,000 22,212 Vitasoy International Holdings, Ltd................ 36,000 49,920 VST Holdings, Ltd.................................. 70,000 22,381 # VTech Holdings, Ltd................................ 6,200 87,116 Wharf Holdings, Ltd. (The)......................... 25,000 203,334 Wheelock & Co., Ltd................................ 33,000 187,132 Xinyi Glass Holdings, Ltd.......................... 178,000 93,856 # Xinyi Solar Holdings, Ltd.......................... 44,000 12,143 Yue Yuen Industrial Holdings, Ltd.................. 45,500 170,776 ----------- TOTAL HONG KONG........................................ 10,292,500 ----------- IRELAND -- (0.4%) * Bank of Ireland.................................... 454,176 136,693 CRH P.L.C. Sponsored ADR........................... 27,790 670,850 Dragon Oil P.L.C................................... 5,583 46,343 FBD Holdings P.L.C................................. 1,219 15,136 Glanbia P.L.C...................................... 5,262 84,718 Kerry Group P.L.C. Class A......................... 2,655 192,419 Kingspan Group P.L.C............................... 10,971 198,229 Smurfit Kappa Group P.L.C.......................... 14,563 358,036 ----------- TOTAL IRELAND.......................................... 1,702,424 ----------- ISRAEL -- (0.5%) * Africa Israel Investments, Ltd..................... 13,388 11,840 Africa Israel Properties, Ltd...................... 766 9,539 * AL-ROV Israel, Ltd................................. 341 9,227 * Allot Communications, Ltd.......................... 721 6,555 1127 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- ISRAEL -- (Continued) Amot Investments, Ltd.............................. 6,144 $ 18,221 Azrieli Group...................................... 2,374 81,898 Bank Hapoalim BM................................... 31,972 142,021 * Bank Leumi Le-Israel BM............................ 39,086 130,309 Bezeq The Israeli Telecommunication Corp., Ltd..... 74,862 119,389 * Cellcom Israel, Ltd................................ 1,000 5,240 * Ceragon Networks, Ltd.............................. 170 162 * Clal Biotechnology Industries, Ltd................. 6,520 5,741 * Clal Insurance Enterprises Holdings, Ltd........... 1,499 21,668 * Compugen, Ltd...................................... 637 4,922 Delek Automotive Systems, Ltd...................... 2,031 19,459 Delek Group, Ltd................................... 184 45,007 Delta-Galil Industries, Ltd........................ 1,086 31,165 Direct Insurance Financial Investments, Ltd........ 2,037 11,101 Electra, Ltd....................................... 214 22,860 * Energix-Renewable Energies, Ltd.................... 372 169 * Evogene, Ltd....................................... 341 2,818 * EZchip Semiconductor, Ltd.......................... 4,115 78,391 First International Bank Of Israel, Ltd............ 3,296 41,350 Formula Systems 1985, Ltd.......................... 580 12,051 Fox Wizel, Ltd..................................... 845 19,226 Frutarom Industries, Ltd........................... 1,837 57,562 Harel Insurance Investments & Financial Services, Ltd.............................................. 13,869 61,729 Israel Chemicals, Ltd.............................. 9,540 68,553 * Israel Discount Bank, Ltd. Class A................. 61,872 96,668 Ituran Location and Control, Ltd................... 1,042 21,611 * Jerusalem Oil Exploration.......................... 758 22,442 Matrix IT, Ltd..................................... 3,922 17,857 * Mazor Robotics, Ltd. Sponsored ADR................. 1,767 18,023 Melisron, Ltd...................................... 1,013 29,497 Menorah Mivtachim Holdings, Ltd.................... 256 2,252 Migdal Insurance & Financial Holding, Ltd.......... 30,414 36,210 * Mivtach Shamir Holdings, Ltd....................... 361 8,114 * Mizrahi Tefahot Bank, Ltd.......................... 10,527 114,878 * Naphtha Israel Petroleum Corp., Ltd................ 3,347 17,018 NICE Systems, Ltd. Sponsored ADR................... 2,676 130,990 * Nitsba Holdings 1995, Ltd.......................... 2,195 29,955 * Oil Refineries, Ltd................................ 110,693 32,199 Ormat Industries................................... 6,386 44,745 Osem Investments, Ltd.............................. 1,244 22,040 * Partner Communications Co., Ltd. ADR............... 1,321 4,399 Paz Oil Co., Ltd................................... 581 74,345 Phoenix Holdings, Ltd. (The)....................... 361 1,019 Plasson Industries, Ltd............................ 286 9,562 Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 443 17,494 Shikun & Binui, Ltd................................ 15,055 28,512 Shufersal, Ltd..................................... 1,106 2,277 * Strauss Group, Ltd................................. 1,469 21,516 * Tower Semiconductor, Ltd.(6320605)................. 392 5,926 1128 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) #* Tower Semiconductor, Ltd.(M87915274)............... 1,998 $ 30,310 ---------- TOTAL ISRAEL........................................... 1,878,032 ---------- ITALY -- (2.6%) A2A SpA............................................ 74,756 71,250 ACEA SpA........................................... 2,769 31,127 # Alerion Cleanpower SpA............................. 4,932 13,335 Amplifon SpA....................................... 4,092 24,478 Ansaldo STS SpA.................................... 5,803 58,314 #* Arnoldo Mondadori Editore SpA...................... 3,717 3,875 Ascopiave SpA...................................... 4,239 9,115 Assicurazioni Generali SpA......................... 11,292 238,324 # Astaldi SpA........................................ 4,543 28,879 Atlantia SpA....................................... 7,765 199,849 * Autogrill SpA...................................... 7,415 63,345 Azimut Holding SpA................................. 4,180 97,441 * Banca Carige SpA................................... 74,959 5,019 Banca Generali SpA................................. 3,409 95,233 Banca IFIS SpA..................................... 1,607 27,646 * Banca Monte dei Paschi di Siena SpA................ 112,072 50,668 * Banca Popolare dell'Emilia Romagna SC.............. 43,824 295,555 #* Banca Popolare dell'Etruria e del Lazio SC......... 25,725 15,110 * Banca Popolare di Milano Scarl..................... 393,346 314,863 Banca Popolare di Sondrio SCARL.................... 26,183 101,668 * Banco Popolare SC.................................. 23,880 301,360 * BasicNet SpA....................................... 5,935 16,530 Biesse SpA......................................... 1,697 23,319 Brembo SpA......................................... 1,448 51,030 Brunello Cucinelli SpA............................. 1,103 22,690 Buzzi Unicem SpA................................... 8,557 105,050 Cementir Holding SpA............................... 2,886 19,309 * CIR-Compagnie Industriali Riunite SpA.............. 11,847 13,074 Credito Emiliano SpA............................... 6,372 49,577 * Credito Valtellinese SC............................ 89,368 100,560 Danieli & C Officine Meccaniche SpA................ 888 21,772 Datalogic SpA...................................... 1,853 20,795 De'Longhi SpA...................................... 3,469 62,534 DiaSorin SpA....................................... 1,321 52,740 * Ei Towers SpA...................................... 425 21,090 Enel Green Power SpA............................... 38,650 76,403 Enel SpA........................................... 43,818 197,985 Engineering SpA.................................... 453 22,108 Eni SpA............................................ 76,520 1,287,723 Eni SpA Sponsored ADR.............................. 3,509 118,955 ERG SpA............................................ 2,876 34,244 Esprinet SpA....................................... 4,821 32,967 Falck Renewables SpA............................... 15,891 17,525 #* Geox SpA........................................... 1,759 5,959 * Gruppo Editoriale L'Espresso SpA................... 13,362 16,897 Hera SpA........................................... 31,524 77,259 * IMMSI SpA.......................................... 14,941 10,732 Industria Macchine Automatiche SpA................. 503 22,178 * Intek Group SpA.................................... 25,413 9,666 1129 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) Interpump Group SpA................................ 4,256 $ 60,662 Intesa Sanpaolo SpA................................ 206,686 604,403 Iren SpA........................................... 33,491 38,850 Italcementi SpA.................................... 6,693 46,079 Italmobiliare SpA.................................. 300 7,740 #* Juventus Football Club SpA......................... 81,554 21,368 Luxottica Group SpA................................ 2,407 143,125 Luxottica Group SpA Sponsored ADR.................. 763 45,223 #* Maire Tecnimont SpA................................ 5,901 12,989 MARR SpA........................................... 1,852 32,365 * Mediaset SpA....................................... 26,759 121,515 Mediobanca SpA..................................... 39,172 339,316 Mediolanum SpA..................................... 5,835 41,493 Parmalat SpA....................................... 10,626 30,090 #* Piaggio & C SpA.................................... 8,440 25,691 Pirelli & C. SpA................................... 8,981 127,340 * Prima Industrie SpA................................ 595 10,066 Prysmian SpA....................................... 9,063 167,652 Recordati SpA...................................... 5,274 87,162 Reply SpA.......................................... 331 25,608 * Safilo Group SpA................................... 1,749 24,940 #* Saipem SpA......................................... 8,346 75,086 * Salini Impregilo SpA............................... 14,740 53,757 Salvatore Ferragamo SpA............................ 3,179 92,028 #* Saras SpA.......................................... 34,632 38,778 SAVE SpA........................................... 670 10,064 Snam SpA........................................... 26,210 128,242 Societa Cattolica di Assicurazioni S.c.r.l......... 6,611 50,988 Societa Iniziative Autostradali e Servizi SpA...... 5,916 59,149 SOL SpA............................................ 2,335 18,473 * Sorin SpA.......................................... 19,891 46,161 #* Telecom Italia SpA................................. 859,829 999,092 Tenaris SA(2167367)................................ 440 12,426 Tenaris SA(7538515)................................ 5,143 72,575 Terna Rete Elettrica Nazionale SpA................. 49,443 216,774 #* Tiscali SpA........................................ 259,219 15,794 # Tod's SpA.......................................... 403 41,410 Trevi Finanziaria Industriale SpA.................. 7,195 21,770 UniCredit SpA...................................... 64,462 380,020 Unione di Banche Italiane SCPA..................... 56,482 388,500 Unipol Gruppo Finanziario SpA...................... 18,837 94,999 UnipolSai SpA...................................... 49,812 138,078 Vittoria Assicurazioni SpA......................... 2,749 28,747 * Yoox SpA........................................... 2,719 58,832 Zignago Vetro SpA.................................. 1,654 10,121 ---------- TOTAL ITALY............................................ 9,622,666 ---------- JAPAN -- (19.5%) 77 Bank, Ltd. (The)................................ 20,000 110,609 ABC-Mart, Inc...................................... 600 29,930 Accordia Golf Co., Ltd............................. 4,100 41,749 Achilles Corp...................................... 21,000 26,963 Adastria Holdings Co., Ltd......................... 1,590 41,879 1130 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) ADEKA Corp......................................... 5,000 $ 61,336 Aderans Co., Ltd................................... 1,300 11,541 Advantest Corp..................................... 3,900 49,479 # Aeon Co., Ltd...................................... 50,766 536,192 Aeon Delight Co., Ltd.............................. 1,500 33,594 Aeon Fantasy Co., Ltd.............................. 1,100 14,742 Ahresty Corp....................................... 2,700 14,683 Ai Holdings Corp................................... 2,200 38,306 Aica Kogyo Co., Ltd................................ 3,100 69,002 Aichi Bank, Ltd. (The)............................. 700 34,348 Aichi Steel Corp................................... 11,000 45,602 Aida Engineering, Ltd.............................. 2,800 27,682 Ain Pharmaciez, Inc................................ 1,500 48,343 Air Water, Inc..................................... 9,000 154,856 Aisan Industry Co., Ltd............................ 1,800 15,693 Aisin Seiki Co., Ltd............................... 11,000 384,292 Ajinomoto Co., Inc................................. 6,000 123,645 # Akebono Brake Industry Co., Ltd.................... 6,400 22,597 Akita Bank, Ltd. (The)............................. 13,000 36,048 Alconix Corp....................................... 1,800 27,802 Alfresa Holdings Corp.............................. 11,200 132,785 Alinco, Inc........................................ 1,300 13,402 # Alpen Co., Ltd..................................... 1,800 26,441 Alpine Electronics, Inc............................ 3,200 49,489 Alps Electric Co., Ltd............................. 7,300 151,968 Amada Co., Ltd..................................... 11,000 100,254 Amano Corp......................................... 4,700 49,955 Amiyaki Tei Co., Ltd............................... 600 19,963 ANA Holdings, Inc.................................. 17,000 46,949 Anest Iwata Corp................................... 2,400 15,921 # Anritsu Corp....................................... 9,500 62,288 AOKI Holdings, Inc................................. 3,700 42,934 Aomori Bank, Ltd. (The)............................ 19,000 56,149 Aoyama Trading Co., Ltd............................ 4,600 154,603 Aozora Bank, Ltd................................... 21,000 76,423 Arakawa Chemical Industries, Ltd................... 1,700 17,261 Arata Corp......................................... 1,000 2,751 Arcland Sakamoto Co., Ltd.......................... 1,200 22,384 Arcs Co., Ltd...................................... 1,800 37,087 Arisawa Manufacturing Co., Ltd..................... 3,400 25,892 # Artnature, Inc..................................... 800 8,365 As One Corp........................................ 800 21,404 # Asahi Co., Ltd..................................... 1,700 16,634 Asahi Diamond Industrial Co., Ltd.................. 3,200 32,626 # Asahi Glass Co., Ltd............................... 26,000 138,320 Asahi Holdings, Inc................................ 1,800 26,713 Asahi Intecc Co., Ltd.............................. 600 31,799 Asahi Kasei Corp................................... 60,000 592,564 Asahi Organic Chemicals Industry Co., Ltd.......... 8,000 19,748 Asatsu-DK, Inc..................................... 2,400 60,037 Asics Corp......................................... 1,400 34,355 Atom Corp.......................................... 2,200 16,501 Autobacs Seven Co., Ltd............................ 3,600 52,706 1131 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Avex Group Holdings, Inc........................... 4,000 $ 67,453 Awa Bank, Ltd. (The)............................... 14,000 75,451 Axial Retailing, Inc............................... 300 6,904 Azbil Corp......................................... 3,700 91,933 Bandai Namco Holdings, Inc......................... 3,500 70,865 Bando Chemical Industries, Ltd..................... 2,000 7,280 # Bank of Iwate, Ltd. (The).......................... 1,400 56,900 Bank of Kyoto, Ltd. (The).......................... 19,000 159,290 Bank of Nagoya, Ltd. (The)......................... 13,000 46,807 Bank of Okinawa, Ltd. (The)........................ 1,400 56,019 Bank of Saga, Ltd. (The)........................... 10,000 22,828 Bank of the Ryukyus, Ltd........................... 3,900 53,954 Bank of Yokohama, Ltd. (The)....................... 29,000 156,480 Belc Co., Ltd...................................... 1,100 30,520 Belluna Co., Ltd................................... 4,800 20,550 Benefit One, Inc................................... 2,600 27,575 Benesse Holdings, Inc.............................. 3,200 95,692 # Bic Camera, Inc.................................... 5,500 62,339 Bit-isle, Inc...................................... 3,400 14,574 BML, Inc........................................... 900 24,079 Bookoff Corp....................................... 3,100 22,617 Brother Industries, Ltd............................ 5,800 99,330 Bunka Shutter Co., Ltd............................. 4,000 32,320 C Uyemura & Co., Ltd............................... 300 15,207 Calbee, Inc........................................ 1,300 50,765 Calsonic Kansei Corp............................... 16,000 90,914 Canon Electronics, Inc............................. 500 8,843 Canon Marketing Japan, Inc......................... 3,200 58,147 Canon, Inc......................................... 16,900 534,639 Capcom Co., Ltd.................................... 2,700 45,235 # Casio Computer Co., Ltd............................ 6,500 101,756 Cawachi, Ltd....................................... 1,400 22,316 Central Glass Co., Ltd............................. 17,000 71,391 Central Japan Railway Co........................... 1,100 188,632 Century Tokyo Leasing Corp......................... 3,400 80,386 Chiba Bank, Ltd. (The)............................. 19,000 128,044 Chiba Kogyo Bank, Ltd. (The)....................... 1,000 6,817 Chiyoda Co., Ltd................................... 1,200 25,530 Chiyoda Integre Co., Ltd........................... 500 9,362 Chori Co., Ltd..................................... 500 8,098 * Chubu Electric Power Co., Inc...................... 8,200 108,273 Chubu Shiryo Co., Ltd.............................. 800 4,471 Chuetsu Pulp & Paper Co., Ltd...................... 2,000 5,027 Chugai Pharmaceutical Co., Ltd..................... 1,300 38,865 Chugai Ro Co., Ltd................................. 2,000 4,654 Chugoku Bank, Ltd. (The)........................... 9,600 136,558 Chugoku Electric Power Co., Inc. (The)............. 2,400 33,181 Chugoku Marine Paints, Ltd......................... 3,000 26,407 Chukyo Bank, Ltd. (The)............................ 5,000 8,784 Citizen Holdings Co., Ltd.......................... 19,900 158,844 CKD Corp........................................... 2,900 27,624 Cleanup Corp....................................... 2,800 20,720 # CMIC Holdings Co., Ltd............................. 1,800 30,730 1132 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) * CMK Corp........................................... 1,500 $ 4,241 # Coca-Cola East Japan Co., Ltd...................... 4,074 67,832 Coca-Cola West Co., Ltd............................ 5,400 77,238 Cocokara fine, Inc................................. 1,300 32,212 # COLOPL, Inc........................................ 1,900 43,422 COMSYS Holdings Corp............................... 5,400 73,463 CONEXIO Corp....................................... 1,700 15,293 * COOKPAD, Inc....................................... 600 24,014 Corona Corp........................................ 1,000 9,916 # Cosmo Oil Co., Ltd................................. 58,000 78,200 Cosmos Pharmaceutical Corp......................... 300 48,340 CREATE SD HOLDINGS Co., Ltd........................ 1,000 33,977 # CROOZ, Inc......................................... 600 10,322 # CTI Engineering Co., Ltd........................... 1,300 16,072 DA Consortium, Inc................................. 5,400 22,932 Dai Nippon Printing Co., Ltd....................... 15,000 134,901 Dai Nippon Toryo Co., Ltd.......................... 21,000 27,121 Dai-ichi Life Insurance Co., Ltd. (The)............ 13,900 186,227 # Dai-ichi Seiko Co., Ltd............................ 1,300 23,729 Daibiru Corp....................................... 3,500 30,795 Daicel Corp........................................ 13,000 161,631 Daido Kogyo Co., Ltd............................... 5,000 10,596 Daido Metal Co., Ltd............................... 3,000 28,158 Daido Steel Co., Ltd............................... 20,000 78,338 Daifuku Co., Ltd................................... 6,300 72,173 Daihen Corp........................................ 8,000 38,590 Daiichi Jitsugyo Co., Ltd.......................... 5,000 25,824 Daiichi Kigenso Kagaku-Kogyo Co., Ltd.............. 300 11,969 Daiichikosho Co., Ltd.............................. 2,500 72,399 Daiken Corp........................................ 7,000 15,861 Daikin Industries, Ltd............................. 1,900 132,213 Daikokutenbussan Co., Ltd.......................... 1,000 38,758 Daikyo, Inc........................................ 12,000 17,734 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 5,000 27,223 Daio Paper Corp.................................... 9,000 77,729 Daisan Bank, Ltd. (The)............................ 4,000 6,632 Daiseki Co., Ltd................................... 1,800 30,521 Daishi Bank, Ltd. (The)............................ 26,000 86,509 # Daishinku Corp..................................... 3,000 8,730 Daiso Co., Ltd..................................... 5,000 18,635 Daito Pharmaceutical Co., Ltd...................... 1,000 21,219 Daito Trust Construction Co., Ltd.................. 1,300 144,709 Daiwa House Industry Co., Ltd...................... 9,000 165,740 Daiwa Securities Group, Inc........................ 27,000 196,176 Daiwabo Holdings Co., Ltd.......................... 33,000 55,031 DCM Holdings Co., Ltd.............................. 7,200 48,038 # Dena Co., Ltd...................................... 10,500 138,072 Denki Kagaku Kogyo K.K............................. 33,000 130,024 Denso Corp......................................... 3,300 145,986 Dentsu, Inc........................................ 2,400 98,569 Denyo Co., Ltd..................................... 500 8,257 Descente, Ltd...................................... 1,000 11,335 DIC Corp........................................... 60,000 148,548 1133 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Disco Corp......................................... 900 $ 82,452 DKS Co., Ltd....................................... 6,000 19,054 DMG Mori Seiki Co., Ltd............................ 6,600 85,608 Don Quijote Holdings Co., Ltd...................... 1,000 72,808 Doshisha Co., Ltd.................................. 1,600 24,974 Doutor Nichires Holdings Co., Ltd.................. 2,600 36,954 Dowa Holdings Co., Ltd............................. 15,000 119,770 Dr Ci:Labo Co., Ltd................................ 900 30,920 DTS Corp........................................... 1,700 35,684 Dunlop Sports Co., Ltd............................. 400 4,431 Eagle Industry Co., Ltd............................ 2,400 44,700 # Earth Chemical Co., Ltd............................ 700 23,381 East Japan Railway Co.............................. 2,200 169,924 Ebara Corp......................................... 26,000 100,007 # EDION Corp......................................... 6,000 44,497 # Ehime Bank, Ltd. (The)............................. 15,000 31,891 Eidai Co., Ltd..................................... 3,000 11,527 Eighteenth Bank, Ltd. (The)........................ 12,000 34,686 Eiken Chemical Co., Ltd............................ 400 6,214 Eizo Corp.......................................... 700 15,208 Electric Power Development Co., Ltd................ 2,100 76,501 Elematec Corp...................................... 600 13,182 # Emori Group Holdings Co., Ltd...................... 1,400 12,391 en-japan, Inc...................................... 1,300 18,888 # Endo Lighting Corp................................. 1,300 14,608 # Enplas Corp........................................ 1,100 39,253 EPS Holdings, Inc.................................. 2,700 33,463 Excel Co., Ltd..................................... 1,300 14,261 Exedy Corp......................................... 1,900 41,783 Ezaki Glico Co., Ltd............................... 2,000 81,919 F-Tech, Inc........................................ 400 3,948 # F@N Communications, Inc............................ 1,400 15,756 FamilyMart Co., Ltd................................ 3,000 129,941 Fancl Corp......................................... 1,300 20,806 FANUC Corp......................................... 800 134,351 Fast Retailing Co., Ltd............................ 400 148,390 FCC Co., Ltd....................................... 2,900 55,135 Ferrotec Corp...................................... 3,400 17,106 # FIDEA Holdings Co., Ltd............................ 16,700 29,733 Financial Products Group Co., Ltd.................. 2,600 36,693 FINDEX, Inc........................................ 600 35,348 Foster Electric Co., Ltd........................... 2,000 37,571 # FP Corp............................................ 2,100 73,292 France Bed Holdings Co., Ltd....................... 9,000 13,733 Fudo Tetra Corp.................................... 13,200 26,941 Fuji Co. Ltd/Ehime................................. 1,600 29,048 # Fuji Corp., Ltd.................................... 3,900 22,169 Fuji Electric Co., Ltd............................. 50,000 213,810 # Fuji Electronics Co., Ltd.......................... 1,000 12,129 Fuji Heavy Industries, Ltd......................... 4,800 173,123 Fuji Kiko Co., Ltd................................. 3,000 13,670 # Fuji Kyuko Co., Ltd................................ 1,000 10,503 Fuji Media Holdings, Inc........................... 3,700 46,511 1134 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Fuji Oil Co. Ltd/Osaka............................. 3,600 $ 46,253 Fuji Oil Co., Ltd.................................. 8,000 23,852 Fuji Seal International, Inc....................... 1,100 35,148 Fuji Soft, Inc..................................... 1,100 22,013 Fujibo Holdings, Inc............................... 9,000 23,720 Fujicco Co., Ltd................................... 1,000 17,852 FUJIFILM Holdings Corp............................. 6,600 223,065 Fujikura Kasei Co., Ltd............................ 3,000 14,574 # Fujikura Rubber, Ltd............................... 2,100 14,213 Fujikura, Ltd...................................... 29,000 120,484 Fujimi, Inc........................................ 1,800 27,954 Fujimori Kogyo Co., Ltd............................ 1,100 31,079 #* Fujisash Co., Ltd.................................. 13,200 17,336 Fujita Kanko, Inc.................................. 7,000 27,712 Fujitec Co., Ltd................................... 6,600 67,636 Fujitsu Frontech, Ltd.............................. 1,500 17,171 Fujitsu General, Ltd............................... 6,000 58,853 Fujitsu, Ltd....................................... 25,000 132,112 FuKoKu Co., Ltd.................................... 1,300 14,173 Fukuda Corp........................................ 2,000 15,887 Fukui Bank, Ltd. (The)............................. 16,000 35,695 Fukuoka Financial Group, Inc....................... 19,000 94,825 Fukushima Bank, Ltd. (The)......................... 22,000 16,196 Fukushima Industries Corp.......................... 1,100 16,505 # Fukuyama Transporting Co., Ltd..................... 11,000 61,507 # Furukawa Battery Co, Ltd. (The).................... 4,000 32,770 # Furukawa Electric Co., Ltd......................... 46,000 76,520 # Furuno Electric Co., Ltd........................... 2,100 21,610 Fuso Pharmaceutical Industries, Ltd................ 1,000 2,567 Futaba Industrial Co., Ltd......................... 5,000 24,971 G-Tekt Corp........................................ 2,200 20,961 # Gakken Holdings Co., Ltd........................... 8,000 16,836 GCA Savvian Corp................................... 2,700 27,180 Gecoss Corp........................................ 1,500 19,987 # Geo Holdings Corp.................................. 4,000 39,138 # GLOBERIDE, Inc..................................... 18,000 29,159 Glory, Ltd......................................... 3,600 94,343 GMO internet, Inc.................................. 4,200 34,678 # Godo Steel, Ltd.................................... 12,000 19,311 Goldcrest Co., Ltd................................. 1,000 15,585 # Gree, Inc.......................................... 9,900 56,396 GS Yuasa Corp...................................... 31,000 139,900 Gulliver International Co., Ltd.................... 3,200 25,397 Gun-Ei Chemical Industry Co., Ltd.................. 8,000 23,095 #* GungHo Online Entertainment, Inc................... 7,400 25,401 Gunma Bank, Ltd. (The)............................. 21,000 138,075 Gunze, Ltd......................................... 14,000 36,264 Gurunavi, Inc...................................... 800 12,766 H2O Retailing Corp................................. 5,360 94,675 Hachijuni Bank, Ltd. (The)......................... 25,000 164,749 Hakuhodo DY Holdings, Inc.......................... 7,500 74,546 Hakuto Co., Ltd.................................... 1,700 17,578 Hamakyorex Co., Ltd................................ 1,000 35,353 1135 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Hamamatsu Photonics K.K............................ 1,200 $ 56,540 Hankyu Hanshin Holdings, Inc....................... 54,000 300,155 Hanwa Co., Ltd..................................... 16,000 59,771 Happinet Corp...................................... 1,300 14,486 Harmonic Drive Systems, Inc........................ 1,800 28,524 Haseko Corp........................................ 9,400 76,375 Hazama Ando Corp................................... 14,800 96,933 Heiwa Real Estate Co., Ltd......................... 3,700 52,653 Heiwado Co., Ltd................................... 2,800 59,364 HI-LEX Corp........................................ 1,300 37,244 Hiday Hidaka Corp.................................. 1,100 34,599 Higashi Nihon House Co., Ltd....................... 5,000 21,836 Higashi-Nippon Bank, Ltd. (The).................... 9,000 25,324 Higo Bank, Ltd. (The).............................. 15,000 81,339 Hikari Tsushin, Inc................................ 500 28,731 Hioki EE Corp...................................... 300 4,513 Hiramatsu, Inc..................................... 3,100 16,909 Hiroshima Bank, Ltd. (The)......................... 29,000 144,251 HIS Co., Ltd....................................... 2,400 82,295 Hisamitsu Pharmaceutical Co., Inc.................. 700 23,817 Hitachi Koki Co., Ltd.............................. 4,500 32,410 Hitachi Kokusai Electric, Inc...................... 5,000 67,959 Hitachi Zosen Corp................................. 8,300 45,477 # Hochiki Corp....................................... 2,000 15,143 Hogy Medical Co., Ltd.............................. 600 31,191 #* Hokkaido Electric Power Co., Inc................... 5,900 47,658 Hokkoku Bank, Ltd. (The)........................... 21,000 67,001 Hokuetsu Bank, Ltd. (The).......................... 10,000 18,197 Hokuetsu Industries Co., Ltd....................... 1,200 10,871 Hokuetsu Kishu Paper Co., Ltd...................... 7,000 32,969 Hokuhoku Financial Group, Inc...................... 72,000 148,367 # Hokuriku Electric Industry Co., Ltd................ 10,000 14,863 Hokuriku Electric Power Co......................... 5,300 74,900 Hokuto Corp........................................ 1,700 31,289 Honda Motor Co., Ltd............................... 37,200 1,122,501 Honeys Co., Ltd.................................... 950 8,471 # Hoosiers Holdings Co., Ltd......................... 5,200 21,786 Horiba, Ltd........................................ 2,100 68,400 Hoshizaki Electric Co., Ltd........................ 700 35,489 Hosokawa Micron Corp............................... 1,000 6,169 # House Foods Group, Inc............................. 4,400 88,028 Hoya Corp.......................................... 2,900 112,382 Hyakugo Bank, Ltd. (The)........................... 15,000 63,511 Hyakujushi Bank, Ltd. (The)........................ 20,000 67,137 I-Net Corp/Kanagawa................................ 1,300 9,925 Ibiden Co., Ltd.................................... 8,900 133,797 Ichibanya Co., Ltd................................. 100 4,146 ICHINEN HOLDINGS Co., Ltd.......................... 1,300 12,063 Ichiyoshi Securities Co., Ltd...................... 4,900 49,575 Idec Corp.......................................... 2,000 17,644 Idemitsu Kosan Co., Ltd............................ 6,100 101,821 Ihara Chemical Industry Co., Ltd................... 3,000 33,671 IHI Corp........................................... 35,000 182,352 1136 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Iida Group Holdings Co., Ltd....................... 4,740 $ 58,954 Iino Kaiun Kaisha, Ltd............................. 7,500 43,773 Ikyu Corp.......................................... 2,000 26,088 # Imasen Electric Industrial......................... 1,900 24,518 Inaba Denki Sangyo Co., Ltd........................ 1,100 37,147 Inabata & Co., Ltd................................. 3,600 32,808 Inageya Co., Ltd................................... 100 1,107 Ines Corp.......................................... 3,800 28,378 Infocom Corp....................................... 2,400 18,307 Information Services International-Dentsu, Ltd..... 1,400 13,680 Intage Holdings, Inc............................... 800 11,325 # Internet Initiative Japan, Inc..................... 3,300 69,222 Iriso Electronics Co., Ltd......................... 1,100 63,941 # Iseki & Co., Ltd................................... 16,000 30,525 Isetan Mitsukoshi Holdings, Ltd.................... 7,300 103,509 * Ishihara Sangyo Kaisha, Ltd........................ 18,000 15,625 IT Holdings Corp................................... 3,500 58,136 # Ito En, Ltd........................................ 3,200 61,472 ITOCHU Corp........................................ 34,300 347,303 Itochu Enex Co., Ltd............................... 6,700 52,229 Itochu Techno-Solutions Corp....................... 1,700 60,668 Itoham Foods, Inc.................................. 13,000 74,221 # Itoki Corp......................................... 2,100 10,369 Iwai Cosmo Holdings, Inc........................... 1,900 21,616 Iwasaki Electric Co., Ltd.......................... 11,000 21,686 # Iwatani Corp....................................... 17,000 109,750 Iyo Bank, Ltd. (The)............................... 14,300 165,010 Izumi Co., Ltd..................................... 2,200 78,902 J Front Retailing Co., Ltd......................... 10,700 136,353 J-Oil Mills, Inc................................... 11,000 39,340 Japan Airport Terminal Co., Ltd.................... 500 22,530 Japan Aviation Electronics Industry, Ltd........... 2,000 45,202 #* Japan Communications, Inc.......................... 6,500 27,819 # Japan Drilling Co., Ltd............................ 600 21,474 Japan Exchange Group, Inc.......................... 4,800 111,698 Japan Pulp & Paper Co., Ltd........................ 2,000 5,635 * Japan Radio Co., Ltd............................... 6,000 19,115 # Japan Steel Works, Ltd. (The)...................... 19,000 76,004 Japan Vilene Co., Ltd.............................. 3,000 15,257 Japan Wool Textile Co., Ltd. (The)................. 3,000 20,003 JCU Corp........................................... 400 18,459 Jeol, Ltd.......................................... 7,000 33,892 JFE Holdings, Inc.................................. 10,700 235,693 JGC Corp........................................... 7,000 142,365 # Jin Co., Ltd....................................... 600 18,281 # Joban Kosan Co., Ltd............................... 17,000 22,763 Joshin Denki Co., Ltd.............................. 2,000 16,836 Jowa Holdings Co., Ltd............................. 600 18,557 Joyo Bank, Ltd. (The).............................. 19,000 95,498 JSP Corp........................................... 1,800 35,972 JSR Corp........................................... 5,100 89,892 JTEKT Corp......................................... 11,700 192,958 # Juki Corp.......................................... 11,000 35,955 1137 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Juroku Bank, Ltd. (The)............................ 26,000 $ 85,794 #* JVC Kenwood Corp................................... 14,000 33,186 JX Holdings, Inc................................... 77,900 287,469 K&O Energy Group, Inc.............................. 500 6,423 # K's Holdings Corp.................................. 3,300 96,921 # kabu.com Securities Co., Ltd....................... 10,100 54,647 * Kadokawa Dwango Corp............................... 1,485 21,980 Kaga Electronics Co., Ltd.......................... 1,200 15,246 Kagoshima Bank, Ltd. (The)......................... 11,000 68,831 Kajima Corp........................................ 16,000 63,304 Kakaku.com, Inc.................................... 3,000 42,439 Kameda Seika Co., Ltd.............................. 500 16,861 Kamei Corp......................................... 1,000 6,609 Kamigumi Co., Ltd.................................. 16,000 159,889 # Kanamoto Co., Ltd.................................. 2,500 65,043 Kandenko Co., Ltd.................................. 6,000 35,470 Kaneka Corp........................................ 21,000 128,175 Kanematsu Corp..................................... 30,000 42,732 * Kansai Electric Power Co., Inc. (The).............. 8,900 86,053 Kansai Paint Co., Ltd.............................. 3,000 52,435 Kansai Urban Banking Corp.......................... 2,600 26,171 * Kanto Denka Kogyo Co., Ltd......................... 8,000 37,934 Kao Corp........................................... 4,200 184,162 Kasumi Co., Ltd.................................... 800 6,710 # Katakura Industries Co., Ltd....................... 2,500 25,926 Kato Sangyo Co., Ltd............................... 1,500 27,502 Kato Works Co., Ltd................................ 6,000 46,913 Kawasaki Heavy Industries, Ltd..................... 37,000 177,272 # Kawasaki Kisen Kaisha, Ltd......................... 66,000 188,923 KDDI Corp.......................................... 7,800 550,593 # Keihan Electric Railway Co., Ltd................... 27,000 163,921 Keihanshin Building Co., Ltd....................... 2,700 16,053 Keihin Corp........................................ 3,900 62,164 Keikyu Corp........................................ 7,000 54,596 Keio Corp.......................................... 7,000 57,001 Keisei Electric Railway Co., Ltd................... 7,000 90,174 Keiyo Bank, Ltd. (The)............................. 20,000 109,116 Keiyo Co., Ltd..................................... 2,800 13,296 # Kenko Mayonnaise Co., Ltd.......................... 1,000 14,238 Kewpie Corp........................................ 5,600 130,022 KEY Coffee, Inc.................................... 1,600 23,066 Keyence Corp....................................... 200 93,487 # Kikkoman Corp...................................... 1,000 29,495 # Kimoto Co., Ltd.................................... 4,300 10,889 Kintetsu Corp...................................... 23,000 81,084 #* Kintetsu Department Store Co., Ltd................. 3,000 8,557 Kintetsu World Express, Inc........................ 800 34,066 Kinugawa Rubber Industrial Co., Ltd................ 6,000 26,887 Kita-Nippon Bank, Ltd. (The)....................... 1,200 31,562 Kitagawa Iron Works Co., Ltd....................... 3,000 5,996 Kitano Construction Corp........................... 4,000 12,011 # Kito Corp.......................................... 1,600 15,330 Kitz Corp.......................................... 10,900 51,758 1138 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Kiyo Bank, Ltd. (The).............................. 900 $ 11,228 * KNT-CT Holdings Co., Ltd........................... 13,000 17,721 Koa Corp........................................... 2,600 23,807 Koatsu Gas Kogyo Co., Ltd.......................... 1,000 5,098 Kobayashi Pharmaceutical Co., Ltd.................. 700 46,816 Kobe Steel, Ltd.................................... 241,000 422,668 Kohnan Shoji Co., Ltd.............................. 1,000 11,305 Koito Manufacturing Co., Ltd....................... 3,400 110,552 Kokuyo Co., Ltd.................................... 6,600 50,303 # KOMAIHALTEC, Inc................................... 5,000 11,855 Komatsu, Ltd....................................... 10,300 201,977 Komeri Co., Ltd.................................... 2,500 53,620 Konaka Co., Ltd.................................... 1,800 9,401 Konami Corp........................................ 6,200 115,683 Kondotec, Inc...................................... 3,600 25,171 Konica Minolta, Inc................................ 22,900 252,001 Konishi Co., Ltd................................... 1,300 22,281 Kose Corp.......................................... 1,100 49,249 Krosaki Harima Corp................................ 11,000 22,620 Kubota Corp........................................ 13,000 192,990 Kubota Corp. Sponsored ADR......................... 196 14,536 Kumiai Chemical Industry Co., Ltd.................. 3,000 23,346 Kura Corp.......................................... 400 12,051 Kurabo Industries, Ltd............................. 14,000 23,478 Kuraray Co., Ltd................................... 8,000 100,455 # Kureha Corp........................................ 12,000 49,991 Kurimoto, Ltd...................................... 13,000 24,388 Kurita Water Industries, Ltd....................... 5,400 115,039 # Kuroda Electric Co., Ltd........................... 2,000 28,654 KYB Co., Ltd....................................... 16,000 63,491 Kyocera Corp....................................... 4,600 202,467 # Kyodo Printing Co., Ltd............................ 4,000 13,407 Kyoei Steel, Ltd................................... 2,200 40,876 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 2,300 26,001 Kyokuto Securities Co., Ltd........................ 2,200 31,687 Kyokuyo Co., Ltd................................... 10,000 23,515 KYORIN Holdings, Inc............................... 2,600 52,569 # Kyoritsu Maintenance Co., Ltd...................... 1,200 67,030 Kyosan Electric Manufacturing Co., Ltd............. 2,000 6,365 Kyoto Kimono Yuzen Co., Ltd........................ 1,300 11,073 Kyowa Electronics Instruments Co., Ltd............. 5,000 19,336 Kyowa Exeo Corp.................................... 5,500 58,045 Kyowa Hakko Kirin Co., Ltd......................... 5,000 56,938 Kyudenko Corp...................................... 4,000 53,721 * Kyushu Electric Power Co., Inc..................... 6,900 66,586 Lasertec Corp...................................... 2,900 35,870 Lawson, Inc........................................ 1,200 78,458 * Leopalace21 Corp................................... 12,800 82,820 Life Corp.......................................... 1,100 15,738 Lintec Corp........................................ 3,000 66,016 Lion Corp.......................................... 11,000 59,757 LIXIL Group Corp................................... 8,800 171,460 M3, Inc............................................ 3,200 64,370 1139 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Macnica, Inc....................................... 1,100 $ 32,420 Maeda Corp......................................... 6,000 45,971 # Maeda Kosen Co., Ltd............................... 2,000 19,195 Maeda Road Construction Co., Ltd................... 5,000 78,903 Makino Milling Machine Co., Ltd.................... 6,000 51,555 Makita Corp........................................ 1,700 75,406 Mandom Corp........................................ 1,000 33,765 Mani, Inc.......................................... 400 23,467 Mars Engineering Corp.............................. 1,000 17,691 Marubeni Corp...................................... 33,900 187,119 Marudai Food Co., Ltd.............................. 6,000 21,489 Maruha Nichiro Corp................................ 1,500 22,322 Marui Group Co., Ltd............................... 14,100 146,564 Marusan Securities Co., Ltd........................ 5,000 34,567 Maruwa Co., Ltd.................................... 1,000 27,012 Maruyama Manufacturing Co., Inc.................... 6,000 11,714 Maruzen Showa Unyu Co., Ltd........................ 6,000 20,207 # Marvelous, Inc..................................... 1,500 22,492 Matsuda Sangyo Co., Ltd............................ 400 4,540 Matsui Construction Co., Ltd....................... 3,000 17,517 Matsui Securities Co., Ltd......................... 3,600 30,448 Matsumotokiyoshi Holdings Co., Ltd................. 2,000 65,911 Matsuya Foods Co., Ltd............................. 300 6,296 Max Co., Ltd....................................... 1,000 10,869 Mazda Motor Corp................................... 7,300 149,945 # McDonald's Holdings Co. Japan, Ltd................. 1,500 32,901 Medipal Holdings Corp.............................. 9,200 107,339 Megachips Corp..................................... 1,600 19,223 Megmilk Snow Brand Co., Ltd........................ 3,900 53,616 Meidensha Corp..................................... 17,000 50,708 MEIJI Holdings Co., Ltd............................ 800 87,901 Meiko Network Japan Co., Ltd....................... 1,300 13,451 Meisei Industrial Co., Ltd......................... 4,000 23,703 Meitec Corp........................................ 1,000 29,182 Meiwa Corp......................................... 6,500 25,381 # Melco Holdings, Inc................................ 2,100 33,146 # Message Co., Ltd................................... 700 18,689 # Michinoku Bank, Ltd. (The)......................... 12,000 22,497 # Micronics Japan Co., Ltd........................... 500 13,520 Mie Bank, Ltd. (The)............................... 6,000 13,297 Milbon Co., Ltd.................................... 240 6,789 Mimasu Semiconductor Industry Co., Ltd............. 2,400 27,152 Minato Bank, Ltd. (The)............................ 9,000 17,324 Minebea Co., Ltd................................... 7,000 107,997 # Ministop Co., Ltd.................................. 1,400 18,892 Miraca Holdings, Inc............................... 2,700 120,924 Mirait Holdings Corp............................... 5,700 66,084 Misawa Homes Co., Ltd.............................. 3,600 31,894 MISUMI Group, Inc.................................. 1,100 41,089 Mitani Corp........................................ 1,300 29,905 Mito Securities Co., Ltd........................... 3,000 10,424 Mitsuba Corp....................................... 3,300 58,562 Mitsubishi Corp.................................... 20,000 348,904 1140 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Mitsubishi Electric Corp........................... 21,000 $ 242,880 Mitsubishi Estate Co., Ltd......................... 5,000 100,604 Mitsubishi Gas Chemical Co., Inc................... 26,000 117,555 Mitsubishi Heavy Industries, Ltd................... 47,000 259,421 Mitsubishi Logistics Corp.......................... 7,000 104,105 Mitsubishi Materials Corp.......................... 53,000 167,128 Mitsubishi Nichiyu Forklift Co., Ltd............... 2,600 15,974 * Mitsubishi Paper Mills, Ltd........................ 32,000 23,556 Mitsubishi Pencil Co., Ltd......................... 300 8,862 Mitsubishi Research Institute, Inc................. 500 12,001 Mitsubishi Steel Manufacturing Co., Ltd............ 14,000 28,342 Mitsubishi UFJ Financial Group, Inc................ 320,100 1,701,096 Mitsuboshi Belting Co., Ltd........................ 3,000 24,519 Mitsui & Co., Ltd.................................. 24,700 314,301 Mitsui Chemicals, Inc.............................. 65,000 190,188 Mitsui Fudosan Co., Ltd............................ 5,000 126,408 Mitsui High-Tec, Inc............................... 2,700 18,174 Mitsui Matsushima Co., Ltd......................... 28,000 29,587 Mitsui Mining & Smelting Co., Ltd.................. 52,000 108,585 # Mitsui OSK Lines, Ltd.............................. 38,000 128,286 Mitsui Sugar Co., Ltd.............................. 9,000 30,518 Mitsui-Soko Holdings Co., Ltd...................... 8,000 26,820 Miura Co., Ltd..................................... 1,500 16,943 # Miyaji Engineering Group, Inc...................... 15,000 23,121 Miyazaki Bank, Ltd. (The).......................... 14,000 48,503 Miyoshi Oil & Fat Co., Ltd......................... 7,000 8,242 Mizuho Financial Group, Inc........................ 640,999 1,048,109 Mizuno Corp........................................ 6,000 29,507 # Monex Group, Inc................................... 12,800 26,279 # MonotaRO Co., Ltd.................................. 1,100 27,904 MORESCO Corp....................................... 1,700 31,547 Morinaga & Co., Ltd................................ 15,000 46,669 Morinaga Milk Industry Co., Ltd.................... 19,000 82,140 Morita Holdings Corp............................... 2,000 22,074 Moshi Moshi Hotline, Inc........................... 900 9,931 MS&AD Insurance Group Holdings..................... 6,800 165,337 # MTI, Ltd........................................... 2,900 36,541 Murata Manufacturing Co., Ltd...................... 1,400 151,136 # Musashi Seimitsu Industry Co., Ltd................. 2,200 41,424 Musashino Bank, Ltd. (The)......................... 2,300 75,389 # Nabtesco Corp...................................... 3,300 85,194 NAC Co., Ltd....................................... 1,500 13,563 Nachi-Fujikoshi Corp............................... 16,000 86,035 Nafco Co., Ltd..................................... 1,700 23,181 Nagano Bank, Ltd. (The)............................ 3,000 5,311 Nagase & Co., Ltd.................................. 6,300 78,320 Nagoya Railroad Co., Ltd........................... 10,000 39,285 Nakamuraya Co., Ltd................................ 2,000 8,103 Nakanishi, Inc..................................... 500 18,305 * Nakayama Steel Works, Ltd.......................... 30,000 20,549 Nankai Electric Railway Co., Ltd................... 18,000 72,062 Nanto Bank, Ltd. (The)............................. 14,000 46,934 NEC Corp........................................... 159,000 449,120 1141 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) NEC Networks & System Integration Corp............. 1,500 $ 32,236 NET One Systems Co., Ltd........................... 5,800 34,664 Neturen Co., Ltd................................... 2,500 18,635 Nexon Co., Ltd..................................... 2,800 27,562 # Next Co., Ltd...................................... 3,200 26,702 NGK Insulators, Ltd................................ 3,000 60,454 NH Foods, Ltd...................................... 5,000 123,611 NHK Spring Co., Ltd................................ 14,400 129,885 Nice Holdings, Inc................................. 2,000 3,212 Nichi-iko Pharmaceutical Co., Ltd.................. 2,700 48,621 # Nichias Corp....................................... 6,000 32,942 Nichicon Corp...................................... 3,100 23,595 Nichiha Corp....................................... 2,000 21,408 # Nichii Gakkan Co................................... 3,900 40,683 Nichirei Corp...................................... 17,000 90,115 Nichireki Co., Ltd................................. 2,000 15,722 # Nidec Corp......................................... 1,600 108,877 Nidec Corp. ADR.................................... 776 13,200 Nifco, Inc......................................... 2,800 96,452 NIFTY Corp......................................... 1,000 11,174 Nihon Dempa Kogyo Co., Ltd......................... 500 3,986 Nihon Kohden Corp.................................. 1,400 69,251 Nihon M&A Center, Inc.............................. 1,500 52,059 Nihon Nohyaku Co., Ltd............................. 2,000 23,522 Nihon Parkerizing Co., Ltd......................... 2,100 50,066 Nihon Trim Co., Ltd................................ 700 15,703 Nihon Unisys, Ltd.................................. 6,100 53,338 Nihon Yamamura Glass Co., Ltd...................... 7,000 10,141 Nikkiso Co., Ltd................................... 3,100 27,281 Nikko Co., Ltd..................................... 5,000 16,965 # Nikon Corp......................................... 9,800 124,345 Nippo Corp......................................... 5,000 77,747 Nippon Beet Sugar Manufacturing Co., Ltd........... 3,000 5,219 # Nippon Carbide Industries Co., Inc................. 9,000 16,775 # Nippon Carbon Co., Ltd............................. 18,000 36,740 * Nippon Chemi-Con Corp.............................. 11,000 31,037 #* Nippon Chemical Industrial Co., Ltd................ 18,000 47,517 Nippon Chemiphar Co., Ltd.......................... 5,000 23,760 Nippon Coke & Engineering Co., Ltd................. 19,000 17,677 # Nippon Concrete Industries Co., Ltd................ 5,000 23,815 * Nippon Denko Co., Ltd.............................. 8,000 20,164 Nippon Densetsu Kogyo Co., Ltd..................... 2,600 37,307 Nippon Electric Glass Co., Ltd..................... 23,000 118,704 Nippon Express Co., Ltd............................ 24,000 140,011 Nippon Flour Mills Co., Ltd........................ 9,000 42,685 Nippon Gas Co., Ltd................................ 2,200 54,087 Nippon Hume Corp................................... 4,000 29,493 Nippon Koei Co., Ltd............................... 7,000 28,136 Nippon Konpo Unyu Soko Co., Ltd.................... 3,600 56,097 Nippon Light Metal Holdings Co., Ltd............... 37,200 55,615 Nippon Paper Industries Co., Ltd................... 8,100 127,730 Nippon Pillar Packing Co., Ltd..................... 2,000 14,897 Nippon Piston Ring Co., Ltd........................ 5,000 10,060 1142 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Nippon Road Co., Ltd. (The).............................. 5,000 $ 23,873 # Nippon Sharyo, Ltd....................................... 5,000 15,032 * Nippon Sheet Glass Co., Ltd.............................. 65,000 59,677 Nippon Shinyaku Co., Ltd................................. 1,000 33,034 Nippon Shokubai Co., Ltd................................. 8,000 107,460 Nippon Signal Co., Ltd. (The)............................ 3,500 38,065 Nippon Soda Co., Ltd..................................... 11,000 62,560 Nippon Steel & Sumikin Bussan Corp....................... 7,000 25,574 Nippon Steel & Sumikin Texeng Co., Ltd................... 4,000 17,336 Nippon Steel & Sumitomo Metal Corp....................... 172,000 402,014 * Nippon Suisan Kaisha, Ltd................................ 24,400 84,312 Nippon Synthetic Chemical Industry Co., Ltd. (The)....... 3,000 18,448 Nippon Telegraph & Telephone Corp........................ 2,800 165,723 Nippon Telegraph & Telephone Corp. ADR................... 1,189 35,123 Nippon Thompson Co., Ltd................................. 7,000 33,918 Nippon Valqua Industries, Ltd............................ 2,000 5,277 #* Nippon Yakin Kogyo Co., Ltd.............................. 8,600 17,165 # Nippon Yusen K.K......................................... 66,000 196,225 Nishi-Nippon City Bank, Ltd. (The)....................... 42,000 136,389 Nishi-Nippon Railroad Co., Ltd........................... 13,000 56,280 Nishikawa Rubber Co., Ltd................................ 400 6,642 Nishimatsu Construction Co., Ltd......................... 15,000 60,258 Nishimatsuya Chain Co., Ltd.............................. 1,400 11,152 Nishio Rent All Co., Ltd................................. 800 24,506 Nissan Chemical Industries, Ltd.......................... 6,500 119,673 Nissan Shatai Co., Ltd................................... 6,800 74,729 Nissei ASB Machine Co., Ltd.............................. 1,500 35,281 Nissei Plastic Industrial Co., Ltd....................... 2,700 31,786 Nissha Printing Co., Ltd................................. 1,700 27,250 Nisshin Oillio Group, Ltd. (The)......................... 6,000 21,823 Nisshin Seifun Group, Inc................................ 14,040 172,674 Nisshin Steel Co., Ltd................................... 6,000 62,108 Nisshinbo Holdings, Inc.................................. 8,000 89,898 Nissin Corp.............................................. 4,000 9,962 # Nissin Electric Co., Ltd................................. 5,000 29,687 Nissin Foods Holdings Co., Ltd........................... 1,100 59,367 Nissin Kogyo Co., Ltd.................................... 3,000 45,926 Nitori Holdings Co., Ltd................................. 1,100 62,193 Nitta Corp............................................... 700 16,815 Nittetsu Mining Co., Ltd................................. 6,000 21,208 Nitto Boseki Co., Ltd.................................... 5,000 17,487 Nitto Denko Corp......................................... 3,300 197,005 Nitto Kogyo Corp......................................... 2,700 52,062 Nitto Kohki Co., Ltd..................................... 1,300 24,205 Nittoc Construction Co., Ltd............................. 6,700 32,093 Nittoku Engineering Co., Ltd............................. 500 5,455 NOF Corp................................................. 11,000 70,446 Nohmi Bosai, Ltd......................................... 1,000 12,508 NOK Corp................................................. 3,900 112,185 Nomura Co., Ltd.......................................... 1,300 12,262 Nomura Holdings, Inc..................................... 52,700 280,187 Nomura Real Estate Holdings, Inc......................... 10,000 168,268 Nomura Research Institute, Ltd........................... 2,300 78,094 1143 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Noritake Co., Ltd.................................. 10,000 $ 25,093 Noritz Corp........................................ 2,500 39,360 North Pacific Bank, Ltd............................ 29,800 111,012 NS Solutions Corp.................................. 1,500 36,417 NS United Kaiun Kaisha, Ltd........................ 11,000 35,836 NSD Co., Ltd....................................... 1,000 15,441 NSK, Ltd........................................... 12,000 140,623 NTN Corp........................................... 39,000 166,909 NTT Data Corp...................................... 3,100 117,917 NTT DOCOMO, Inc.................................... 55,700 940,289 NTT Urban Development Corp......................... 5,400 51,809 Nuflare Technology, Inc............................ 500 18,217 # Obara Group, Inc................................... 500 24,955 Obayashi Corp...................................... 14,000 88,623 Obayashi Road Corp................................. 5,000 29,224 Obic Co., Ltd...................................... 1,300 43,608 Odakyu Electric Railway Co., Ltd................... 10,000 97,282 Odelic Co., Ltd.................................... 700 17,142 Ogaki Kyoritsu Bank, Ltd. (The).................... 28,000 85,960 Ohashi Technica, Inc............................... 1,900 25,173 # Ohsho Food Service Corp............................ 700 28,118 Oiles Corp......................................... 1,740 32,111 Oita Bank, Ltd. (The).............................. 17,000 59,591 Oji Holdings Corp.................................. 47,000 177,165 Okabe Co., Ltd..................................... 2,800 24,145 Okamura Corp....................................... 4,000 29,301 Oki Electric Industry Co., Ltd..................... 29,000 59,235 Okinawa Cellular Telephone Co...................... 600 17,315 Okinawa Electric Power Co., Inc. (The)............. 1,000 34,642 OKK Corp........................................... 18,000 25,042 # OKUMA Corp......................................... 10,000 85,090 Okumura Corp....................................... 9,000 41,068 Okura Industrial Co., Ltd.......................... 8,000 23,625 Okuwa Co., Ltd..................................... 2,000 16,307 * Olympus Corp....................................... 2,000 69,168 Omron Corp......................................... 2,000 79,957 # Onoken Co., Ltd.................................... 1,700 13,910 Onward Holdings Co., Ltd........................... 9,000 58,040 Optex Co., Ltd..................................... 1,500 24,382 Oracle Corp. Japan................................. 700 29,102 Organo Corp........................................ 5,000 20,171 Oriental Land Co., Ltd............................. 400 96,916 Origin Electric Co., Ltd........................... 7,000 29,631 Osaka Gas Co., Ltd................................. 24,000 94,599 Osaka Steel Co., Ltd............................... 300 5,671 # OSAKA Titanium Technologies Co., Ltd............... 1,300 27,239 # Osaki Electric Co., Ltd............................ 1,000 6,797 OSG Corp........................................... 7,000 128,882 Otsuka Corp........................................ 300 10,358 Otsuka Holdings Co., Ltd........................... 5,100 157,789 # Pacific Industrial Co., Ltd........................ 4,000 32,464 * Pacific Metals Co., Ltd............................ 10,000 26,939 Pack Corp. (The)................................... 300 5,897 1144 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Pal Co., Ltd....................................... 900 $ 23,377 Paltac Corp........................................ 2,000 25,174 PanaHome Corp...................................... 5,000 30,041 Panasonic Corp..................................... 29,700 337,388 Paramount Bed Holdings Co., Ltd.................... 1,300 35,957 Parco Co., Ltd..................................... 2,500 21,291 Park24 Co., Ltd.................................... 3,100 53,043 # Pasco Corp......................................... 4,000 11,419 # Pasona Group, Inc.................................. 4,200 23,812 Penta-Ocean Construction Co., Ltd.................. 13,000 49,549 Pigeon Corp........................................ 1,600 99,901 Pilot Corp......................................... 1,000 59,270 Piolax, Inc........................................ 700 33,627 * Pioneer Corp....................................... 26,200 49,270 Plenus Co., Ltd.................................... 1,900 32,674 # Pola Orbis Holdings, Inc........................... 1,000 42,584 # Press Kogyo Co., Ltd............................... 9,000 30,320 Pressance Corp..................................... 800 25,563 # Prestige International, Inc........................ 1,800 15,406 Prima Meat Packers, Ltd............................ 14,000 36,402 Proto Corp......................................... 800 12,532 # Qol Co., Ltd....................................... 4,000 28,529 Raito Kogyo Co., Ltd............................... 4,700 46,565 #* Rakuten, Inc....................................... 6,700 92,757 Relo Holdings, Inc................................. 400 29,809 Renaissance, Inc................................... 2,600 25,599 Rengo Co., Ltd..................................... 16,000 67,225 Resona Holdings, Inc............................... 66,600 330,417 # Resorttrust, Inc................................... 1,600 38,320 Ricoh Co., Ltd..................................... 45,500 443,869 Ricoh Leasing Co., Ltd............................. 1,800 47,108 Right On Co., Ltd.................................. 3,300 20,808 Riken Corp......................................... 8,000 31,330 Riken Technos Corp................................. 5,000 18,404 # Riken Vitamin Co., Ltd............................. 500 18,959 Ringer Hut Co., Ltd................................ 1,500 29,465 Rinnai Corp........................................ 800 53,549 Riso Kagaku Corp................................... 1,800 31,294 # Rock Field Co., Ltd................................ 300 5,348 Rohto Pharmaceutical Co., Ltd...................... 6,100 81,932 Roland DG Corp..................................... 900 26,765 # Round One Corp..................................... 5,500 34,345 Royal Holdings Co., Ltd............................ 1,900 27,170 Ryobi, Ltd......................................... 8,000 21,519 Ryoden Trading Co., Ltd............................ 1,000 6,877 Ryohin Keikaku Co., Ltd............................ 400 44,311 Ryosan Co., Ltd.................................... 1,800 38,209 S Foods, Inc....................................... 1,400 25,116 Sac's Bar Holdings, Inc............................ 1,200 17,293 Saibu Gas Co., Ltd................................. 7,000 15,504 Sakai Chemical Industry Co., Ltd................... 10,000 35,586 Sakai Heavy Industries, Ltd........................ 9,000 23,535 # Sakai Moving Service Co., Ltd...................... 500 16,530 1145 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Sakai Ovex Co., Ltd................................ 15,000 $ 22,679 Sakata INX Corp.................................... 2,000 21,159 Sakata Seed Corp................................... 2,200 38,209 San-A Co., Ltd..................................... 1,400 46,740 San-Ai Oil Co., Ltd................................ 5,000 33,179 San-In Godo Bank, Ltd. (The)....................... 12,000 97,914 Sanden Corp........................................ 7,000 32,692 Sangetsu Co., Ltd.................................. 1,300 34,816 Sanken Electric Co., Ltd........................... 8,000 65,434 Sankyo Seiko Co., Ltd.............................. 3,700 14,970 Sankyo Tateyama, Inc............................... 2,200 33,833 Sankyu, Inc........................................ 20,000 80,009 Sanoh Industrial Co., Ltd.......................... 1,500 9,440 # Sanrio Co., Ltd.................................... 2,400 59,468 Sanshin Electronics Co., Ltd....................... 700 4,773 Sanwa Holdings Corp................................ 16,000 110,643 Sanyo Chemical Industries, Ltd..................... 5,000 36,250 Sanyo Denki Co., Ltd............................... 5,000 35,917 Sanyo Electric Railway Co., Ltd.................... 3,000 11,781 Sanyo Shokai, Ltd.................................. 13,000 30,630 Sanyo Special Steel Co., Ltd....................... 8,000 26,849 Sato Holdings Corp................................. 1,400 32,398 Satori Electric Co., Ltd........................... 3,200 20,581 # Sawada Holdings Co., Ltd........................... 2,100 15,204 Sawai Pharmaceutical Co., Ltd...................... 600 36,309 SBI Holdings, Inc.................................. 13,900 148,530 SCREEN Holdings Co., Ltd........................... 8,000 47,507 SCSK Corp.......................................... 1,200 29,881 Secom Co., Ltd..................................... 2,300 133,506 Seika Corp......................................... 2,000 4,944 # Seikitokyu Kogyo Co., Ltd.......................... 3,600 16,989 Seiko Epson Corp................................... 3,200 129,961 Seiko Holdings Corp................................ 10,000 54,543 Seino Holdings Co., Ltd............................ 9,000 97,932 Seiren Co., Ltd.................................... 3,600 29,344 Sekisui Chemical Co., Ltd.......................... 20,000 218,735 Sekisui House, Ltd................................. 15,400 199,145 Sekisui Jushi Corp................................. 2,400 31,905 Sekisui Plastics Co., Ltd.......................... 4,000 15,512 # Senko Co., Ltd..................................... 8,000 46,244 Senshu Ikeda Holdings, Inc......................... 11,400 50,621 # Senshukai Co., Ltd................................. 3,800 26,796 Seria Co., Ltd..................................... 800 23,090 Seven & I Holdings Co., Ltd........................ 7,600 278,115 Seven Bank, Ltd.................................... 11,000 49,233 #* Sharp Corp......................................... 42,000 82,216 Shibusawa Warehouse Co., Ltd. (The)................ 2,000 5,849 # Shibuya Kogyo Co., Ltd............................. 1,600 33,167 Shidax Corp........................................ 2,500 11,444 Shiga Bank, Ltd. (The)............................. 18,000 100,405 Shikoku Bank, Ltd. (The)........................... 15,000 31,351 Shikoku Chemicals Corp............................. 5,000 38,836 * Shikoku Electric Power Co., Inc.................... 4,100 51,558 1146 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Shima Seiki Manufacturing, Ltd............................ 1,800 $ 31,593 Shimachu Co., Ltd......................................... 4,100 102,768 Shimadzu Corp............................................. 9,000 93,509 Shimamura Co., Ltd........................................ 1,400 124,531 Shimano, Inc.............................................. 600 79,316 Shimizu Bank, Ltd. (The).................................. 700 17,218 Shimizu Corp.............................................. 12,000 82,796 Shin Nippon Air Technologies Co., Ltd..................... 400 3,258 Shin-Etsu Chemical Co., Ltd............................... 2,400 158,914 Shinagawa Refractories Co., Ltd........................... 5,000 11,251 Shindengen Electric Manufacturing Co., Ltd................ 7,000 37,544 Shinko Electric Industries Co., Ltd....................... 3,500 24,516 Shinko Plantech Co., Ltd.................................. 1,900 14,196 Shinko Shoji Co., Ltd..................................... 2,700 27,949 Shinmaywa Industries, Ltd................................. 6,000 58,446 Shinnihon Corp............................................ 6,200 23,415 # Shinsei Bank, Ltd......................................... 54,000 97,876 Shinsho Corp.............................................. 2,000 4,493 Shionogi & Co., Ltd....................................... 4,200 126,030 Ship Healthcare Holdings, Inc............................. 2,300 57,080 Shiroki Corp.............................................. 7,000 18,376 # Shiseido Co., Ltd......................................... 4,800 76,986 Shizuoka Bank, Ltd. (The)................................. 13,000 118,790 Shizuoka Gas Co., Ltd..................................... 6,600 42,145 # Shoko Co., Ltd............................................ 14,000 19,513 Showa Corp................................................ 4,500 45,715 Showa Denko K.K........................................... 137,000 175,096 Showa Sangyo Co., Ltd..................................... 11,000 45,310 Showa Shell Sekiyu K.K.................................... 10,000 97,595 Siix Corp................................................. 900 19,321 # Sinanen Co., Ltd.......................................... 3,000 11,745 Sinfonia Technology Co., Ltd.............................. 3,000 4,754 Sintokogio, Ltd........................................... 5,100 36,004 SKY Perfect JSAT Holdings, Inc............................ 13,600 82,360 SMC Corp.................................................. 200 53,633 SMK Corp.................................................. 6,000 24,925 # SMS Co., Ltd.............................................. 1,800 16,224 Sodick Co., Ltd........................................... 1,300 11,213 Softbank Corp............................................. 7,800 459,043 Software Service, Inc..................................... 100 3,391 Sogo Medical Co., Ltd..................................... 800 38,542 Sohgo Security Services Co., Ltd.......................... 2,300 58,867 # Sojitz Corp............................................... 105,700 136,628 Sompo Japan Nipponkoa Holdings, Inc....................... 7,800 216,427 Sotetsu Holdings, Inc..................................... 20,000 91,461 Square Enix Holdings Co., Ltd............................. 2,800 61,472 St Marc Holdings Co., Ltd................................. 700 45,012 Stanley Electric Co., Ltd................................. 4,400 97,931 Star Micronics Co., Ltd................................... 600 7,496 Start Today Co., Ltd...................................... 2,300 46,490 Starts Corp., Inc......................................... 1,500 20,794 Starzen Co., Ltd.......................................... 5,000 17,299 Stella Chemifa Corp....................................... 300 3,301 1147 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Studio Alice Co., Ltd................................... 1,400 $ 21,926 Sugi Holdings Co., Ltd.................................. 1,100 51,648 #* Sumco Corp.............................................. 5,500 92,305 Suminoe Textile Co., Ltd................................ 8,000 20,105 Sumitomo Chemical Co., Ltd.............................. 100,000 393,430 Sumitomo Corp........................................... 12,800 126,315 Sumitomo Dainippon Pharma Co., Ltd...................... 3,900 40,997 Sumitomo Densetsu Co., Ltd.............................. 1,900 22,508 Sumitomo Electric Industries, Ltd....................... 25,800 332,451 Sumitomo Forestry Co., Ltd.............................. 10,300 95,800 Sumitomo Heavy Industries, Ltd.......................... 27,000 146,108 Sumitomo Metal Mining Co., Ltd.......................... 11,000 157,213 * Sumitomo Mitsui Construction Co., Ltd................... 30,700 42,988 Sumitomo Mitsui Financial Group, Inc.................... 36,000 1,208,046 Sumitomo Mitsui Trust Holdings, Inc..................... 58,000 203,958 Sumitomo Osaka Cement Co., Ltd.......................... 31,000 90,143 # Sumitomo Precision Products Co., Ltd.................... 6,000 25,643 Sumitomo Real Estate Sales Co., Ltd..................... 1,220 28,857 Sumitomo Realty & Development Co., Ltd.................. 3,000 95,691 Sumitomo Riko Co, Ltd................................... 3,300 26,903 Sumitomo Rubber Industries, Ltd......................... 8,600 133,734 Sumitomo Seika Chemicals Co., Ltd....................... 7,000 49,600 Sumitomo Warehouse Co., Ltd. (The)...................... 11,000 61,569 # Sun Frontier Fudousan Co., Ltd.......................... 2,200 17,098 Sundrug Co., Ltd........................................ 1,200 50,936 Suruga Bank, Ltd........................................ 2,000 37,552 Suzuken Co., Ltd........................................ 4,600 129,593 Suzuki Motor Corp....................................... 10,000 316,202 #* SWCC Showa Holdings Co., Ltd............................ 31,000 25,919 Sysmex Corp............................................. 2,600 116,187 T Hasegawa Co., Ltd..................................... 2,000 28,889 T RAD Co., Ltd.......................................... 8,000 16,307 T&D Holdings, Inc....................................... 17,600 198,204 T&K Toka Co., Ltd....................................... 600 11,373 T-Gaia Corp............................................. 2,200 23,899 # Tabuchi Electric Co., Ltd............................... 3,000 26,662 # Tachi-S Co., Ltd........................................ 2,000 29,137 Tachibana Eletech Co., Ltd.............................. 900 12,432 Tadano, Ltd............................................. 9,000 108,322 Taiheiyo Cement Corp.................................... 35,000 102,702 Taiho Kogyo Co., Ltd.................................... 1,600 17,791 # Taikisha, Ltd........................................... 1,100 26,168 Taiko Pharmaceutical Co., Ltd........................... 1,500 23,084 Taisei Corp............................................. 8,000 46,404 Taisei Lamick Co., Ltd.................................. 200 4,815 Taiyo Holdings Co., Ltd................................. 1,300 47,256 Taiyo Nippon Sanso Corp................................. 3,000 35,943 Taiyo Yuden Co., Ltd.................................... 7,500 93,067 # Takagi Securities Co., Ltd.............................. 9,000 18,271 Takara Standard Co., Ltd................................ 6,000 45,659 Takasago International Corp............................. 8,000 39,787 Takasago Thermal Engineering Co., Ltd................... 3,900 48,926 Takashimaya Co., Ltd.................................... 16,000 140,337 1148 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Takata Corp................................................ 1,500 $ 17,495 Take And Give Needs Co., Ltd............................... 700 5,707 Takeda Pharmaceutical Co., Ltd............................. 8,700 434,646 Takeei Corp................................................ 1,700 13,128 Takeuchi Manufacturing Co., Ltd............................ 1,100 40,345 Takiron Co., Ltd........................................... 6,000 26,624 # Takisawa Machine Tool Co., Ltd............................. 7,000 12,556 Takuma Co., Ltd............................................ 5,000 35,245 # Tama Home Co., Ltd......................................... 4,700 21,249 # Tamron Co., Ltd............................................ 1,800 35,158 Tamura Corp................................................ 7,000 23,552 # Tanseisha Co., Ltd......................................... 3,600 24,636 # Tatsuta Electric Wire and Cable Co., Ltd................... 2,100 8,755 Tayca Corp................................................. 4,000 14,273 TBK Co., Ltd............................................... 3,000 15,578 TDK Corp................................................... 3,800 236,822 Teijin, Ltd................................................ 75,000 223,413 Teikoku Electric Manufacturing Co., Ltd.................... 2,000 20,797 Terumo Corp................................................ 4,000 99,196 THK Co., Ltd............................................... 3,900 94,713 Toa Corp.(6894508)......................................... 20,000 34,024 Toa Corp.(6894434)......................................... 2,500 25,089 # Toa Oil Co., Ltd........................................... 10,000 12,334 TOA ROAD Corp.............................................. 7,000 25,658 Toagosei Co., Ltd.......................................... 9,000 35,975 #* Tobishima Corp............................................. 14,400 31,410 Tobu Railway Co., Ltd...................................... 18,000 86,563 TOC Co., Ltd............................................... 2,400 14,589 Tocalo Co., Ltd............................................ 900 15,151 Tochigi Bank, Ltd. (The)................................... 8,000 36,943 Toda Corp.................................................. 13,000 46,492 #* Toda Kogyo Corp............................................ 8,000 33,958 Toei Co., Ltd.............................................. 4,000 23,167 Toho Bank, Ltd. (The)...................................... 18,000 63,203 Toho Co., Ltd.(6895200).................................... 1,600 36,203 Toho Co., Ltd.(6895211).................................... 3,000 11,111 Toho Gas Co., Ltd.......................................... 16,000 86,941 Toho Holdings Co., Ltd..................................... 4,800 66,855 #* Toho Titanium Co., Ltd..................................... 3,200 22,601 Toho Zinc Co., Ltd......................................... 10,000 31,390 Tohoku Electric Power Co., Inc............................. 5,700 71,801 Tokai Carbon Co., Ltd...................................... 12,000 34,576 Tokai Corp/Gifu............................................ 400 12,432 TOKAI Holdings Corp........................................ 7,000 31,539 Tokai Rika Co., Ltd........................................ 4,200 86,486 Token Corp................................................. 510 21,137 Tokio Marine Holdings, Inc................................. 8,500 296,754 Tokushu Tokai Paper Co., Ltd............................... 6,000 14,797 Tokuyama Corp.............................................. 24,000 53,313 # Tokyo Dome Corp............................................ 12,000 55,503 * Tokyo Electric Power Co., Inc.............................. 17,400 73,839 Tokyo Electron, Ltd........................................ 2,400 167,984 Tokyo Energy & Systems, Inc................................ 2,000 14,305 1149 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Tokyo Gas Co., Ltd................................. 16,000 $ 95,442 Tokyo Keiki, Inc................................... 10,000 23,914 * Tokyo Rope Manufacturing Co., Ltd.................. 18,000 33,764 Tokyo Seimitsu Co., Ltd............................ 2,200 44,739 Tokyo Steel Manufacturing Co., Ltd................. 5,500 41,330 Tokyo Tatemono Co., Ltd............................ 8,000 54,009 Tokyo Tekko Co., Ltd............................... 5,000 24,947 Tokyo Theatres Co., Inc............................ 8,000 9,634 * Tokyo TY Financial Group, Inc...................... 1,622 46,429 # Tokyu Construction Co., Ltd........................ 2,740 13,842 Tokyu Corp......................................... 14,000 92,656 Tokyu Fudosan Holdings Corp........................ 14,843 91,998 Tomoe Corp......................................... 5,400 19,680 Tomoe Engineering Co., Ltd......................... 900 12,827 Tomoku Co., Ltd.................................... 2,000 4,791 TOMONY Holdings, Inc............................... 16,800 72,531 # Tomy Co., Ltd...................................... 4,900 27,143 Tonami Holdings Co., Ltd........................... 1,000 3,526 TonenGeneral Sekiyu K.K............................ 4,000 35,363 Topcon Corp........................................ 2,700 53,502 Toppan Forms Co., Ltd.............................. 5,300 55,068 Toppan Printing Co., Ltd........................... 15,000 100,201 Topre Corp......................................... 2,300 31,631 Topy Industries, Ltd............................... 19,000 42,791 Toray Industries, Inc.............................. 16,000 136,289 Toridoll.corp...................................... 1,100 15,964 # Torishima Pump Manufacturing Co., Ltd.............. 2,900 21,311 # Tosei Corp......................................... 2,900 17,706 Toshiba Corp....................................... 53,000 211,925 Toshiba Machine Co., Ltd........................... 13,000 49,852 Toshiba Plant Systems & Services Corp.............. 2,700 41,385 Toshiba TEC Corp................................... 11,000 67,856 Tosho Co., Ltd..................................... 900 22,698 Tosoh Corp......................................... 45,000 242,589 Totetsu Kogyo Co., Ltd............................. 1,700 40,576 TOTO, Ltd.......................................... 5,000 55,197 Tottori Bank, Ltd. (The)........................... 3,000 5,938 Towa Bank, Ltd. (The).............................. 30,000 24,631 # Towa Corp.......................................... 4,100 24,988 Towa Pharmaceutical Co., Ltd....................... 700 31,841 Toyo Construction Co., Ltd......................... 6,900 33,058 # Toyo Engineering Corp.............................. 4,000 13,481 Toyo Ink SC Holdings Co., Ltd...................... 13,000 60,852 # Toyo Kanetsu K.K................................... 8,000 16,337 Toyo Securities Co., Ltd........................... 7,000 20,513 Toyo Seikan Group Holdings, Ltd.................... 11,000 141,131 Toyo Suisan Kaisha, Ltd............................ 3,000 105,543 # Toyo Tanso Co., Ltd................................ 1,400 22,451 Toyo Tire & Rubber Co., Ltd........................ 5,400 121,627 Toyobo Co., Ltd.................................... 54,000 72,627 Toyoda Gosei Co., Ltd.............................. 5,900 129,974 # Toyota Boshoku Corp................................ 5,600 73,925 Toyota Tsusho Corp................................. 11,600 274,717 1150 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) TPR Co., Ltd............................................... 1,400 $ 35,427 Trancom Co., Ltd........................................... 300 12,865 Transcosmos, Inc........................................... 500 8,753 * Trend Micro, Inc........................................... 1,000 28,241 Trusco Nakayama Corp....................................... 1,000 26,632 TS Tech Co., Ltd........................................... 4,300 108,339 Tsubakimoto Chain Co....................................... 11,000 88,565 # Tsukada Global Holdings, Inc............................... 1,700 10,439 Tsukishima Kikai Co., Ltd.................................. 1,000 10,798 Tsukuba Bank, Ltd.......................................... 6,800 19,851 # Tsukui Corp................................................ 2,800 25,879 # Tsumura & Co............................................... 3,600 81,921 Tsuruha Holdings, Inc...................................... 1,100 73,916 Tsurumi Manufacturing Co., Ltd............................. 800 13,359 UACJ Corp.................................................. 23,000 56,488 Ube Industries, Ltd........................................ 59,000 88,362 Uchida Yoko Co., Ltd....................................... 7,000 21,828 UKC Holdings Corp.......................................... 300 4,607 * Ulvac, Inc................................................. 2,900 41,538 Unicharm Corp.............................................. 1,800 49,597 Uniden Corp................................................ 10,000 18,915 Union Tool Co.............................................. 1,200 33,511 Unipres Corp............................................... 3,300 57,406 United Arrows, Ltd......................................... 800 22,739 * Unitika, Ltd............................................... 22,000 10,240 UNY Group Holdings Co., Ltd................................ 17,400 100,112 * Usen Corp.................................................. 6,500 17,036 # Ushio, Inc................................................. 8,000 92,681 USS Co., Ltd............................................... 3,500 54,910 # UT Holdings Co., Ltd....................................... 2,700 11,032 Valor Co., Ltd............................................. 3,400 64,135 # Vital KSK Holdings, Inc.................................... 1,900 14,596 VT Holdings Co., Ltd....................................... 7,500 30,183 Wacoal Holdings Corp....................................... 6,000 59,471 # Wacom Co., Ltd............................................. 7,500 31,689 Wakachiku Construction Co., Ltd............................ 15,000 25,674 Wakita & Co., Ltd.......................................... 3,000 28,435 Warabeya Nichiyo Co., Ltd.................................. 1,700 28,440 Weathernews, Inc........................................... 900 22,798 Welcia Holdings Co., Ltd................................... 1,065 39,202 West Japan Railway Co...................................... 2,200 113,154 Wowow, Inc................................................. 500 21,568 Xebio Co., Ltd............................................. 1,600 24,766 Yahagi Construction Co., Ltd............................... 2,300 17,126 # Yahoo Japan Corp........................................... 11,800 39,685 Yakult Honsha Co., Ltd..................................... 800 48,453 YAMABIKO Corp.............................................. 600 25,822 # Yamada Denki Co., Ltd...................................... 56,700 210,648 Yamagata Bank, Ltd. (The).................................. 10,000 42,206 Yamaguchi Financial Group, Inc............................. 12,000 124,848 Yamaha Motor Co., Ltd...................................... 5,200 114,049 Yamaichi Electronics Co., Ltd.............................. 3,000 20,869 Yamanashi Chuo Bank, Ltd. (The)............................ 12,000 47,924 1151 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) Yamatane Corp........................................... 14,000 $ 20,726 Yamato Holdings Co., Ltd................................ 3,800 85,942 Yamato Kogyo Co., Ltd................................... 2,400 61,766 Yamazaki Baking Co., Ltd................................ 8,000 117,784 Yamazen Corp............................................ 4,500 31,634 Yaoko Co., Ltd.......................................... 700 45,507 # Yaskawa Electric Corp................................... 5,800 74,147 Yellow Hat, Ltd......................................... 800 15,649 Yokogawa Bridge Holdings Corp........................... 2,800 31,368 Yokogawa Electric Corp.................................. 6,900 72,241 Yokohama Reito Co., Ltd................................. 3,400 23,584 Yokohama Rubber Co., Ltd. (The)......................... 19,000 178,751 Yondoshi Holdings, Inc.................................. 1,300 19,913 Yorozu Corp............................................. 1,500 29,047 Yuasa Trading Co., Ltd.................................. 1,500 30,866 # Yumeshin Holdings Co., Ltd.............................. 2,600 16,509 Yurtec Corp............................................. 4,000 27,039 Yusen Logistics Co., Ltd................................ 1,400 16,763 Yushiro Chemical Industry Co., Ltd...................... 300 4,670 # Zenrin Co., Ltd......................................... 2,300 29,591 # Zensho Holdings Co., Ltd................................ 8,100 73,238 Zeon Corp............................................... 14,000 142,964 ZERIA Pharmaceutical Co., Ltd........................... 900 14,569 # Zojirushi Corp.......................................... 4,000 26,754 ----------- TOTAL JAPAN................................................. 73,385,180 ----------- NETHERLANDS -- (2.6%) Aalberts Industries NV.................................. 9,760 281,095 Accell Group............................................ 812 12,387 Aegon NV................................................ 67,684 482,375 Akzo Nobel NV........................................... 13,238 953,681 * AMG Advanced Metallurgical Group NV..................... 3,771 28,157 Amsterdam Commodities NV................................ 2,100 50,064 #* APERAM SA............................................... 4,657 120,894 Arcadis NV.............................................. 5,095 154,202 # ASM International NV.................................... 4,878 199,027 ASML Holding NV......................................... 2,334 242,584 BE Semiconductor Industries NV.......................... 2,293 46,539 Beter Bed Holding NV.................................... 103 2,020 BinckBank NV............................................ 4,695 38,565 Boskalis Westminster NV................................. 7,960 351,900 Brunel International NV................................. 1,683 27,307 Corbion NV.............................................. 2,440 40,420 Delta Lloyd NV.......................................... 19,476 367,973 Exact Holding NV........................................ 439 15,730 Fugro NV................................................ 3,353 72,710 # Gemalto NV.............................................. 1,921 139,094 * Grontmij................................................ 1,448 5,806 # Heijmans NV............................................. 1,782 17,037 Hunter Douglas NV....................................... 40 1,615 * ING Groep NV............................................ 77,274 960,701 * ING Groep NV Sponsored ADR.............................. 924 11,495 KAS Bank NV............................................. 1,078 12,435 1152 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NETHERLANDS -- (Continued) Kendrion NV............................................. 1,130 $ 30,904 Koninklijke Ahold NV.................................... 37,557 677,847 Koninklijke BAM Groep NV................................ 14,578 43,755 Koninklijke KPN NV...................................... 188,376 581,400 Koninklijke Philips NV.................................. 22,403 618,099 # Koninklijke Ten Cate NV................................. 2,690 59,599 Koninklijke Vopak NV.................................... 3,554 198,198 * Mota-Engil Africa NV.................................... 484 3,374 Nutreco NV.............................................. 4,688 238,740 #* Ordina NV............................................... 9,133 14,680 Randstad Holding NV..................................... 7,852 412,732 Reed Elsevier NV........................................ 17,005 415,747 Reed Elsevier NV Sponsored ADR.......................... 469 22,878 * Royal Imtech NV......................................... 2,598 11,981 * SBM Offshore NV......................................... 14,309 156,116 Sligro Food Group NV.................................... 1,764 67,302 * Telegraaf Media Groep NV................................ 752 4,842 TKH Group NV............................................ 4,232 131,587 #* TomTom NV............................................... 9,369 61,564 Unilever NV............................................. 20,396 884,574 USG People NV........................................... 3,557 40,993 Wessanen................................................ 4,388 28,019 Wolters Kluwer NV....................................... 19,022 568,241 ---------- TOTAL NETHERLANDS........................................... 9,908,985 ---------- NEW ZEALAND -- (0.3%) Air New Zealand, Ltd.................................... 29,590 55,981 Auckland International Airport, Ltd..................... 45,671 147,711 * Chorus, Ltd............................................. 10,816 20,788 Contact Energy, Ltd..................................... 19,608 100,632 Fisher & Paykel Healthcare Corp., Ltd................... 25,389 114,484 Fletcher Building, Ltd.................................. 27,552 167,372 Freightways, Ltd........................................ 6,046 26,255 Infratil, Ltd........................................... 20,513 47,095 # Kathmandu Holdings, Ltd................................. 8,507 12,443 # Mainfreight, Ltd........................................ 4,783 55,613 Metlifecare, Ltd........................................ 3,120 10,880 Nuplex Industries, Ltd.................................. 6,692 14,499 # Port of Tauranga, Ltd................................... 2,489 32,098 Ryman Healthcare, Ltd................................... 8,129 48,662 Sky Network Television, Ltd............................. 10,622 46,705 Spark New Zealand, Ltd.................................. 77,846 186,535 Tower, Ltd.............................................. 2,423 3,979 # TrustPower, Ltd......................................... 712 4,335 Vector, Ltd............................................. 12,512 26,850 # Warehouse Group, Ltd. (The)............................. 9,073 18,767 * Xero, Ltd............................................... 584 6,592 ---------- TOTAL NEW ZEALAND........................................... 1,148,276 ---------- NORWAY -- (0.9%) ABG Sundal Collier Holding ASA.......................... 5,144 3,186 # Akastor ASA............................................. 13,509 33,213 1153 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- NORWAY -- (Continued) Aker ASA Class A.......................................... 2,315 $ 49,445 * Aker Solutions ASA........................................ 6,440 31,439 American Shipping ASA..................................... 2,375 9,171 * Archer, Ltd............................................... 32,654 12,956 # Atea ASA.................................................. 4,386 48,718 Austevoll Seafood ASA..................................... 11,022 64,369 Bakkafrost P/F............................................ 1,935 40,200 Bonheur ASA............................................... 1,193 11,085 BW Offshore, Ltd.......................................... 42,234 40,615 #* Det Norske Oljeselskap ASA................................ 3,904 16,312 DNB ASA................................................... 22,140 320,778 #* DNO ASA................................................... 10,543 23,229 * DOF ASA................................................... 435 592 Ekornes ASA............................................... 1,930 24,046 Eltek ASA................................................. 1,341 2,002 Fred Olsen Energy ASA..................................... 500 4,190 #* Frontline, Ltd............................................ 12,535 29,853 Gjensidige Forsikring ASA................................. 2,230 37,594 # Golden Ocean Group, Ltd................................... 10,261 6,343 * Grieg Seafood ASA......................................... 2,851 10,313 # Hexagon Composites ASA.................................... 3,890 9,501 * Hoegh LNG Holdings, Ltd................................... 2,182 21,461 * Kongsberg Automotive ASA.................................. 36,555 28,739 Kvaerner ASA.............................................. 23,002 26,783 Leroey Seafood Group ASA.................................. 1,710 59,956 Marine Harvest ASA........................................ 7,498 98,087 * Nordic Semiconductor ASA.................................. 4,191 28,943 Norsk Hydro ASA........................................... 32,790 192,698 * Norske Skogindustrier ASA................................. 31,267 28,622 #* Norwegian Air Shuttle ASA................................. 1,413 55,506 * Odfjell SE Class A........................................ 203 569 # Opera Software ASA........................................ 2,842 37,649 Orkla ASA................................................. 7,127 52,525 * Panoro Energy ASA......................................... 42,038 7,338 # Petroleum Geo-Services ASA................................ 20,838 113,302 Prosafe SE................................................ 16,952 45,259 #* REC Silicon ASA........................................... 168,860 36,060 * REC Solar ASA............................................. 1,763 23,172 Salmar ASA................................................ 2,265 34,967 Schibsted ASA............................................. 1,268 81,682 # Seadrill, Ltd............................................. 8,487 91,150 Solstad Offshore ASA...................................... 578 4,645 * Songa Offshore............................................ 103,912 20,619 SpareBank 1 SR Bank ASA................................... 11,490 72,152 Statoil ASA............................................... 39,743 665,547 Statoil ASA Sponsored ADR................................. 5,402 90,754 Stolt-Nielsen, Ltd........................................ 714 11,274 * Storebrand ASA............................................ 46,758 141,349 Subsea 7 SA............................................... 7,181 61,085 Telenor ASA............................................... 6,795 145,975 TGS Nopec Geophysical Co. ASA............................. 2,897 67,198 Tomra Systems ASA......................................... 6,595 52,987 Veidekke ASA.............................................. 5,525 57,107 1154 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- NORWAY -- (Continued) Wilh Wilhelmsen ASA................................... 4,709 $ 26,304 Wilh Wilhelmsen Holding ASA Class A................... 415 8,049 Yara International ASA................................ 3,300 171,806 ---------- TOTAL NORWAY.............................................. 3,490,469 ---------- PORTUGAL -- (0.3%) Altri SGPS SA......................................... 17,850 61,830 #* Banco BPI SA.......................................... 32,995 30,963 #* Banco Comercial Portugues SA.......................... 1,712,517 120,606 * Banco Espirito Santo SA............................... 114,362 -- EDP - Energias de Portugal SA......................... 38,500 146,451 EDP Renovaveis SA..................................... 14,095 94,218 Galp Energia SGPS SA.................................. 13,035 137,707 Jeronimo Martins SGPS SA.............................. 7,414 79,748 Mota-Engil SGPS SA.................................... 5,517 16,869 NOS SGPS.............................................. 9,956 63,199 Portucel SA........................................... 15,023 60,606 # Portugal Telecom SGPS SA.............................. 8,905 6,207 REN - Redes Energeticas Nacionais SGPS SA............. 17,419 49,397 Semapa-Sociedade de Investimento e Gestao............. 4,683 54,823 Sonae SGPS SA......................................... 60,199 78,813 Teixeira Duarte SA.................................... 12,108 9,633 ---------- TOTAL PORTUGAL............................................ 1,011,070 ---------- SINGAPORE -- (1.5%) #* Ausgroup, Ltd......................................... 14,000 3,104 #* Biosensors International Group, Ltd................... 67,000 31,907 Boustead Singapore, Ltd............................... 9,000 11,967 Breadtalk Group, Ltd.................................. 12,000 13,399 Bukit Sembawang Estates, Ltd.......................... 5,000 19,666 CapitaLand, Ltd....................................... 57,000 146,295 # Centurion Corp., Ltd.................................. 37,000 16,194 CH Offshore, Ltd...................................... 29,000 10,611 # China Merchants Holdings Pacific, Ltd................. 15,000 10,869 Chip Eng Seng Corp., Ltd.............................. 30,000 20,110 City Developments, Ltd................................ 7,000 51,884 # Cityspring Infrastructure Trust....................... 25,000 10,064 ComfortDelGro Corp., Ltd.............................. 44,000 93,302 Cosco Corp. Singapore, Ltd............................ 96,000 38,327 CSE Global, Ltd....................................... 44,000 19,003 CWT, Ltd.............................................. 22,000 27,319 DBS Group Holdings, Ltd............................... 30,911 450,671 #* Del Monte Pacific, Ltd................................ 36,000 12,367 Dyna-Mac Holdings, Ltd................................ 42,000 10,729 # Ezion Holdings, Ltd................................... 129,040 120,983 # Ezra Holdings, Ltd.................................... 65,521 25,622 Falcon Energy Group, Ltd.............................. 77,000 15,625 First Resources, Ltd.................................. 30,000 41,206 Fragrance Group, Ltd.................................. 64,000 10,650 * Gallant Venture, Ltd.................................. 52,000 9,382 Global Logistic Properties, Ltd....................... 40,000 74,631 Global Premium Hotels, Ltd............................ 5,120 1,342 1155 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- SINGAPORE -- (Continued) GMG Global, Ltd........................................... 163,000 $ 7,684 Golden Agri-Resources, Ltd................................ 225,000 69,796 Great Eastern Holdings, Ltd............................... 1,000 17,873 # GuocoLand, Ltd............................................ 5,000 6,638 GuocoLeisure, Ltd......................................... 45,000 31,707 Ho Bee Land, Ltd.......................................... 11,000 16,825 Hong Fok Corp., Ltd....................................... 23,000 15,434 Hongkong Land Holdings, Ltd............................... 10,000 74,051 Hutchison Port Holdings Trust............................. 123,000 87,706 # Hyflux, Ltd............................................... 43,000 30,255 Indofood Agri Resources, Ltd.............................. 50,000 26,141 Jardine Cycle & Carriage, Ltd............................. 2,000 62,424 k1 Ventures, Ltd.......................................... 82,000 11,313 Keppel Corp., Ltd......................................... 36,000 231,212 Keppel Infrastructure Trust............................... 17,000 13,447 Keppel Land, Ltd.......................................... 31,000 103,957 Lian Beng Group, Ltd...................................... 48,000 22,310 #* Linc Energy, Ltd.......................................... 16,858 7,233 M1, Ltd................................................... 15,000 41,475 Mermaid Maritime PCL...................................... 43,000 9,507 Midas Holdings, Ltd....................................... 112,000 28,026 # Nam Cheong, Ltd........................................... 118,000 27,290 * Neptune Orient Lines, Ltd................................. 63,000 46,957 Noble Group, Ltd.......................................... 236,000 184,610 OSIM International, Ltd................................... 16,000 22,887 Otto Marine, Ltd.......................................... 450,000 13,864 OUE, Ltd.................................................. 14,000 22,736 Oversea-Chinese Banking Corp., Ltd........................ 75,930 582,395 Oxley Holdings, Ltd....................................... 35,000 13,160 Penguin International, Ltd................................ 86,000 14,584 Petra Foods, Ltd.......................................... 18,000 53,067 QAF, Ltd.................................................. 28,000 20,747 Raffles Education Corp., Ltd.............................. 103,000 25,149 SATS, Ltd................................................. 37,000 80,870 SembCorp Industries, Ltd.................................. 54,000 171,717 # SembCorp Marine, Ltd...................................... 20,000 44,258 Sheng Siong Group, Ltd.................................... 39,000 20,863 Sinarmas Land, Ltd........................................ 116,000 55,582 Singapore Airlines, Ltd................................... 19,000 177,470 Singapore Exchange, Ltd................................... 13,000 74,580 Singapore Post, Ltd....................................... 52,000 82,206 # Singapore Press Holdings, Ltd............................. 17,000 51,843 Singapore Telecommunications, Ltd......................... 90,000 271,032 #* Sino Grandness Food Industry Group, Ltd................... 46,000 17,123 SMRT Corp., Ltd........................................... 32,000 41,364 Stamford Land Corp., Ltd.................................. 35,000 14,597 StarHub, Ltd.............................................. 13,000 40,124 Sunningdale Tech, Ltd..................................... 133,000 19,622 * SunVic Chemical Holdings, Ltd............................. 63,000 22,069 # Super Group, Ltd.......................................... 34,000 27,861 # Swiber Holdings, Ltd...................................... 47,999 6,770 Tat Hong Holdings, Ltd.................................... 5,000 2,727 Tuan Sing Holdings, Ltd................................... 103,000 30,779 1156 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) UMS Holdings, Ltd.................................. 22,000 $ 8,362 United Engineers, Ltd.............................. 23,000 51,593 United Envirotech, Ltd............................. 35,000 41,951 United Industrial Corp., Ltd....................... 7,000 18,227 United Overseas Bank, Ltd.......................... 24,333 416,113 UOB-Kay Hian Holdings, Ltd......................... 4,000 4,458 UOL Group, Ltd..................................... 30,451 162,056 #* Vard Holdings, Ltd................................. 60,000 22,332 Venture Corp., Ltd................................. 21,000 126,105 Vibrant Group, Ltd................................. 303,000 22,135 Wee Hur Holdings, Ltd.............................. 81,000 22,998 Wilmar International, Ltd.......................... 32,000 75,942 Wing Tai Holdings, Ltd............................. 36,000 48,650 Yongnam Holdings, Ltd.............................. 106,000 14,005 ---------- TOTAL SINGAPORE........................................ 5,528,073 ---------- SPAIN -- (2.8%) Abengoa SA......................................... 3,849 12,295 Abengoa SA Class B................................. 33,697 99,560 Abertis Infraestructuras SA........................ 10,542 206,439 * Acciona SA......................................... 2,550 182,284 Acerinox SA........................................ 10,447 155,532 ACS Actividades de Construccion y Servicios SA..... 3,556 123,683 Adveo Group International SA....................... 65 954 * Almirall SA........................................ 3,044 53,101 Amadeus IT Holding SA Class A...................... 7,716 309,444 Atresmedia Corp de Medios de Comunicacion SA....... 2,268 33,325 Banco Bilbao Vizcaya Argentaria SA................. 114,208 975,606 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR... 2,362 20,128 Banco de Sabadell SA............................... 175,228 442,816 * Banco Popular...................................... 182 772 Banco Popular Espanol SA........................... 43,115 182,245 Banco Santander SA................................. 230,207 1,548,388 * Bankia SA.......................................... 88,907 116,280 Bankinter SA....................................... 38,583 268,058 Bolsas y Mercados Espanoles SA..................... 3,973 163,322 CaixaBank SA....................................... 32,328 140,814 #* Cementos Portland Valderrivas SA................... 950 6,304 Cie Automotive SA.................................. 3,439 49,505 Construcciones y Auxiliar de Ferrocarriles SA...... 132 44,376 Distribuidora Internacional de Alimentacion SA..... 27,175 175,934 Duro Felguera SA................................... 4,050 16,255 Ebro Foods SA...................................... 3,648 62,080 Elecnor SA......................................... 708 6,545 Enagas SA.......................................... 5,827 184,527 Ence Energia y Celulosa S.A........................ 9,648 28,854 Faes Farma SA(B1PQHS6)............................. 9,616 19,582 * Faes Farma SA(BTGQBZ6)............................. 356 726 Ferrovial SA....................................... 5,720 113,478 * Fomento de Construcciones y Contratas SA........... 3,650 45,182 * Gamesa Corp. Tecnologica SA........................ 18,645 184,338 Gas Natural SDG SA................................. 8,074 189,527 Grupo Catalana Occidente SA........................ 2,370 67,765 1157 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) Iberdrola SA....................................... 172,155 $ 1,188,287 Inditex SA......................................... 8,175 240,946 Indra Sistemas SA.................................. 7,799 79,672 * Jazztel P.L.C...................................... 10,492 148,650 Mapfre SA.......................................... 49,450 166,466 * Mediaset Espana Comunicacion SA.................... 14,442 175,819 Melia Hotels International SA...................... 3,629 41,685 * NH Hotel Group SA.................................. 11,941 58,954 Obrascon Huarte Lain SA............................ 3,161 73,041 Papeles y Cartones de Europa SA.................... 3,021 14,521 * Promotora de Informaciones SA Class A.............. 29,045 7,702 Prosegur Cia de Seguridad SA....................... 11,949 66,458 * Realia Business SA................................. 12,791 8,808 Red Electrica Corp. SA............................. 2,202 187,606 Repsol SA.......................................... 15,534 275,178 * Sacyr SA........................................... 20,672 76,451 Tecnicas Reunidas SA............................... 1,556 60,509 Telefonica SA...................................... 71,612 1,073,845 Telefonica SA Sponsored ADR........................ 3,843 57,299 Tubacex SA......................................... 6,641 19,427 Tubos Reunidos SA.................................. 7,475 13,387 Vidrala SA......................................... 1,713 85,190 Viscofan SA........................................ 2,228 128,907 Zardoya Otis SA.................................... 4,991 56,835 * Zeltia SA.......................................... 7,549 25,705 ----------- TOTAL SPAIN............................................ 10,561,372 ----------- SWEDEN -- (2.8%) AAK AB............................................. 2,028 110,156 Acando AB.......................................... 15,009 24,290 AddTech AB Class B................................. 2,954 41,702 AF AB Class B...................................... 3,901 59,761 Alfa Laval AB...................................... 6,129 113,847 Assa Abloy AB Class B.............................. 5,225 285,358 Atrium Ljungberg AB Class B........................ 804 12,116 Avanza Bank Holding AB............................. 1,201 39,614 Axfood AB.......................................... 1,196 72,586 # Axis Communications AB............................. 2,624 70,244 B&B Tools AB Class B............................... 1,178 20,153 Beijer Alma AB..................................... 1,815 43,693 Bilia AB Class A................................... 3,016 91,470 BillerudKorsnas AB................................. 14,345 217,749 BioGaia AB Class B................................. 613 13,319 Boliden AB......................................... 21,794 340,460 Byggmax Group AB................................... 5,174 34,329 Castellum AB....................................... 8,630 135,701 Clas Ohlson AB Class B............................. 3,659 56,575 * Cloetta AB Class B................................. 13,352 40,438 Concentric AB...................................... 2,567 32,793 Dios Fastigheter AB................................ 2,907 21,836 Doro AB............................................ 2,536 13,243 Duni AB............................................ 2,601 38,452 Electrolux AB Series B............................. 7,668 236,009 1158 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWEDEN -- (Continued) # Elekta AB Class B.................................. 9,513 $101,974 Enea AB............................................ 1,316 11,870 #* Eniro AB........................................... 6,256 3,853 Fabege AB.......................................... 9,332 127,387 Getinge AB Class B................................. 6,395 157,621 Gunnebo AB......................................... 3,716 18,084 Haldex AB.......................................... 5,611 75,767 Hennes & Mauritz AB Class B........................ 8,953 368,297 Hexagon AB Class B................................. 3,330 105,438 Hexpol AB.......................................... 1,044 104,740 HIQ International AB............................... 2,121 10,977 Holmen AB Class B.................................. 4,723 170,411 Husqvarna AB Class A............................... 3,743 26,121 Husqvarna AB Class B............................... 24,828 172,435 ICA Gruppen AB..................................... 4,929 189,379 Industrial & Financial Systems Class B............. 553 17,027 Indutrade AB....................................... 2,557 104,075 Intrum Justitia AB................................. 4,458 118,635 JM AB.............................................. 9,141 300,883 KappAhl AB......................................... 2,817 14,185 #* Karolinska Development AB Class B.................. 2,570 3,688 KNOW IT AB......................................... 1,527 8,976 Kungsleden AB...................................... 8,480 64,963 Lagercrantz AB Class B............................. 1,289 22,545 * Lindab International AB............................ 5,778 47,842 Loomis AB Class B.................................. 5,997 177,442 * Lundin Petroleum AB................................ 11,477 148,892 Meda AB Class A.................................... 20,947 295,019 #* Medivir AB Class B................................. 2,235 26,493 Mekonomen AB....................................... 2,006 47,121 Millicom International Cellular SA................. 3,760 239,777 Modern Times Group AB Class B...................... 823 23,292 MQ Holding AB...................................... 4,787 20,769 # Mycronic AB........................................ 9,725 33,987 NCC AB Class A..................................... 374 12,105 NCC AB Class B..................................... 6,486 209,721 * Net Insight AB Class B............................. 41,405 18,363 New Wave Group AB Class B.......................... 4,131 21,859 Nibe Industrier AB Class B......................... 8,144 206,876 Nobia AB........................................... 10,817 93,775 Nolato AB Class B.................................. 2,601 62,413 Nordea Bank AB..................................... 45,496 577,606 Nordnet AB Class B................................. 5,225 17,512 OEM International AB Class B....................... 160 2,076 Peab AB............................................ 15,508 111,536 * Pricer AB Class B.................................. 19,106 17,508 Proffice AB Class B................................ 638 1,541 # Ratos AB Class B................................... 12,164 75,999 * Rezidor Hotel Group AB............................. 1,246 4,677 Sagax AB Class B................................... 388 2,574 Sandvik AB......................................... 20,773 218,046 #* SAS AB............................................. 11,807 23,620 Sectra AB Class B.................................. 385 5,798 1159 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SWEDEN -- (Continued) Securitas AB Class B............................... 21,227 $ 258,734 Skandinaviska Enskilda Banken AB Class A........... 22,753 273,982 Skanska AB Class B................................. 9,319 206,548 SkiStar AB......................................... 194 1,983 #* SSAB AB Class A(B17H0S8)........................... 15,487 75,211 #* SSAB AB Class A(BPRBWK4)........................... 2,180 10,600 * SSAB AB Class B(B17H3F6)........................... 12,275 52,827 * SSAB AB Class B(BPRBWM6)........................... 5,564 24,068 Svenska Cellulosa AB Class A....................... 1,418 34,236 Svenska Cellulosa AB Class B....................... 20,491 493,917 Svenska Handelsbanken AB Class A................... 7,188 340,380 Svenska Handelsbanken AB Class B................... 508 23,678 Sweco AB Class B................................... 2,697 35,996 Swedbank AB Class A................................ 20,347 492,211 * Swedish Orphan Biovitrum AB........................ 3,961 41,519 Systemair AB....................................... 168 2,052 Tele2 AB Class B................................... 25,647 290,139 TeliaSonera AB..................................... 68,903 424,564 # Transmode AB....................................... 457 3,950 Trelleborg AB Class B.............................. 15,682 283,609 Wallenstam AB Class B.............................. 4,684 77,546 Wihlborgs Fastigheter AB........................... 1,610 31,511 ----------- TOTAL SWEDEN........................................... 10,688,725 ----------- SWITZERLAND -- (4.4%) ABB, Ltd........................................... 66,532 1,279,158 ABB, Ltd. Sponsored ADR............................ 8,786 168,164 Actelion, Ltd...................................... 2,042 225,560 Adecco SA.......................................... 6,103 455,916 # AFG Arbonia-Forster Holding AG..................... 731 13,113 Allreal Holding AG................................. 833 130,968 Alpiq Holding AG................................... 189 13,355 ams AG............................................. 3,816 149,363 APG SGA SA......................................... 94 30,398 Aryzta AG.......................................... 6,697 502,070 Ascom Holding AG................................... 3,479 53,583 Autoneum Holding AG................................ 266 44,522 Baloise Holding AG................................. 3,404 443,089 Bank Coop AG....................................... 318 14,067 Banque Cantonale de Geneve......................... 19 4,502 Banque Cantonale Vaudoise.......................... 232 135,363 Basler Kantonalbank................................ 117 8,091 Belimo Holding AG.................................. 29 67,085 Bell AG............................................ 6 14,483 Bellevue Group AG.................................. 470 7,704 Berner Kantonalbank AG............................. 151 29,707 BKW AG............................................. 1,274 38,065 Bobst Group SA..................................... 987 30,108 Bossard Holding AG Class A......................... 694 71,861 Bucher Industries AG............................... 742 182,037 Burckhardt Compression Holding AG.................. 148 45,781 Burkhalter Holding AG.............................. 390 41,342 Calida Holding AG.................................. 368 13,856 1160 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWITZERLAND -- (Continued) Carlo Gavazzi Holding AG........................... 35 $ 7,579 Cham Paper Holding AG.............................. 3 760 * Charles Voegele Holding AG......................... 1,259 18,035 Chocoladefabriken Lindt & Sprungli AG.............. 1 62,995 Cie Financiere Richemont SA........................ 7,197 597,913 Cie Financiere Tradition SA........................ 83 3,742 Clariant AG........................................ 33,387 536,405 Coltene Holding AG................................. 595 40,230 Conzzeta AG........................................ 10 32,434 Credit Suisse Group AG............................. 14,666 308,805 Credit Suisse Group AG Sponsored ADR............... 14,093 296,517 Daetwyler Holding AG............................... 540 64,420 DKSH Holding AG.................................... 2,163 164,200 EFG International AG............................... 5,422 58,510 Emmi AG............................................ 175 57,149 EMS-Chemie Holding AG.............................. 165 63,740 Energiedienst Holding AG........................... 346 10,532 Feintool International Holding AG.................. 276 26,260 Flughafen Zuerich AG............................... 422 287,303 Forbo Holding AG................................... 119 115,063 Galenica AG........................................ 427 343,125 GAM Holding AG..................................... 16,315 288,321 Gategroup Holding AG............................... 2,004 55,621 Geberit AG......................................... 761 259,991 Georg Fischer AG................................... 345 206,886 Givaudan SA........................................ 173 315,349 Gurit Holding AG................................... 8 2,863 Helvetia Holding AG................................ 520 265,247 Huber & Suhner AG.................................. 1,081 48,123 Implenia AG........................................ 1,229 67,222 Inficon Holding AG................................. 176 59,026 Interroll Holding AG............................... 50 25,505 Intershop Holdings AG.............................. 103 41,488 Julius Baer Group, Ltd............................. 5,456 221,973 Kaba Holding AG Class B............................ 277 139,221 Kardex AG.......................................... 1,084 51,850 Komax Holding AG................................... 285 42,905 Kudelski SA........................................ 2,754 31,546 Kuehne + Nagel International AG.................... 1,044 143,711 Kuoni Reisen Holding AG............................ 320 107,423 LEM Holding SA..................................... 41 31,500 Liechtensteinische Landesbank AG................... 747 31,648 # Logitech International SA.......................... 13,713 200,347 Luzerner Kantonalbank AG........................... 172 65,765 MCH Group AG....................................... 97 6,339 Metall Zug AG...................................... 17 41,511 #* Meyer Burger Technology AG......................... 3,938 24,429 Micronas Semiconductor Holding AG.................. 2,725 16,282 * Mobilezone Holding AG.............................. 1,960 23,467 Mobimo Holding AG.................................. 555 128,185 OC Oerlikon Corp. AG............................... 10,442 118,774 * Orascom Development Holding AG..................... 1,275 21,928 Orior AG........................................... 610 35,543 1161 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SWITZERLAND -- (Continued) Panalpina Welttransport Holding AG................. 467 $ 57,183 Partners Group Holding AG.......................... 735 196,701 Phoenix Mecano AG.................................. 25 11,223 Rieter Holding AG.................................. 297 43,077 Romande Energie Holding SA......................... 3 3,167 Schaffner Holding AG............................... 96 26,922 * Schmolz + Bickenbach AG............................ 51,419 45,818 Schweiter Technologies AG.......................... 92 70,566 SGS SA............................................. 92 174,514 Siegfried Holding AG............................... 395 65,811 Sika AG............................................ 52 178,594 Sonova Holding AG.................................. 670 88,022 St Galler Kantonalbank AG.......................... 92 34,937 Straumann Holding AG............................... 349 78,832 Sulzer AG.......................................... 896 94,869 Swatch Group AG (The)(7184725)..................... 766 304,649 Swatch Group AG (The)(7184736)..................... 1,593 117,105 Swiss Life Holding AG.............................. 2,299 513,030 Swiss Re AG........................................ 7,444 671,504 Swisscom AG........................................ 487 285,537 Swissquote Group Holding SA........................ 701 18,246 Syngenta AG........................................ 4,138 1,347,886 Tamedia AG......................................... 5 685 Temenos Group AG................................... 3,114 94,781 U-Blox AG.......................................... 460 65,770 * UBS Group AG....................................... 36,724 612,556 Valiant Holding AG................................. 741 60,469 Valora Holding AG.................................. 203 49,116 Vaudoise Assurances Holding SA Class B............. 77 36,231 Vetropack Holding AG............................... 6 8,708 Vontobel Holding AG................................ 2,436 81,431 VP Bank AG......................................... 476 38,409 Walliser Kantonalbank.............................. 1 765 * Walter Meier AG.................................... 85 3,904 Zehnder Group AG................................... 895 39,024 Zug Estates Holding AG............................. 17 23,767 Zuger Kantonalbank AG.............................. 3 14,541 Zurich Insurance Group AG.......................... 2,178 722,177 ----------- TOTAL SWITZERLAND...................................... 16,709,544 ----------- UNITED KINGDOM -- (18.6%) A.G.BARR P.L.C..................................... 8,489 80,667 Aberdeen Asset Management P.L.C.................... 52,344 343,603 Acacia Mining P.L.C................................ 17,598 74,762 Admiral Group P.L.C................................ 7,883 171,490 * Afren P.L.C........................................ 38,660 3,113 * Aga Rangemaster Group P.L.C........................ 4,443 6,873 Aggreko P.L.C...................................... 17,605 410,594 Alent P.L.C........................................ 25,604 140,611 Amec Foster Wheeler P.L.C.......................... 15,508 185,418 Amlin P.L.C........................................ 39,157 286,915 Anglo American P.L.C............................... 47,941 800,788 Anglo Pacific Group P.L.C.......................... 3,558 4,530 1162 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Anite P.L.C........................................ 21,229 $ 26,075 Antofagasta P.L.C.................................. 22,963 223,892 ARM Holdings P.L.C. Sponsored ADR.................. 5,913 276,965 # Ashmore Group P.L.C................................ 28,806 121,225 Ashtead Group P.L.C................................ 24,475 398,270 Associated British Foods P.L.C..................... 2,994 139,632 Aveva Group P.L.C.................................. 665 13,141 Aviva P.L.C........................................ 8,759 69,493 # Aviva P.L.C. Sponsored ADR......................... 62,642 995,381 Avon Rubber P.L.C.................................. 1,058 12,641 Balfour Beatty P.L.C............................... 50,544 168,771 Bank of Georgia Holdings P.L.C..................... 2,325 70,979 Barclays P.L.C. Sponsored ADR...................... 83,793 1,176,454 Barratt Developments P.L.C......................... 63,220 435,173 BBA Aviation P.L.C................................. 28,547 145,586 Beazley P.L.C...................................... 49,799 215,758 Bellway P.L.C...................................... 7,872 215,500 Berendsen P.L.C.................................... 20,147 337,168 Berkeley Group Holdings P.L.C...................... 8,922 325,214 BG Group P.L.C..................................... 91,584 1,221,536 # BHP Billiton P.L.C. ADR............................ 17,091 746,706 Bloomsbury Publishing P.L.C........................ 364 813 Bodycote P.L.C..................................... 15,995 163,557 Bovis Homes Group P.L.C............................ 11,775 146,994 BP P.L.C. Sponsored ADR............................ 59,869 2,324,713 Braemar Shipping Services P.L.C.................... 266 1,860 Brammer P.L.C...................................... 7,778 40,388 Brewin Dolphin Holdings P.L.C...................... 30,285 133,156 British Polythene Industries P.L.C................. 1,323 12,794 Britvic P.L.C...................................... 14,342 151,778 BT Group P.L.C..................................... 68,993 432,838 BT Group P.L.C. Sponsored ADR...................... 1,051 65,982 * BTG P.L.C.......................................... 9,457 112,360 Bunzl P.L.C........................................ 9,700 276,323 Burberry Group P.L.C............................... 8,955 232,646 Cable & Wireless Communications P.L.C.............. 325,270 244,210 Cape P.L.C......................................... 10,925 34,329 Capita P.L.C....................................... 12,693 213,160 Carillion P.L.C.................................... 35,109 180,329 Carnival P.L.C. ADR................................ 4,741 211,259 Catlin Group, Ltd.................................. 36,426 382,038 Centamin P.L.C..................................... 90,131 91,054 Centrica P.L.C..................................... 144,274 636,685 Chesnara P.L.C..................................... 4,234 22,412 Chime Communications P.L.C......................... 3,364 12,823 Cineworld Group P.L.C.............................. 14,486 92,333 Clarkson P.L.C..................................... 575 16,270 Close Brothers Group P.L.C......................... 11,122 253,794 Coca-Cola HBC AG................................... 11,942 191,940 * Colt Group SA...................................... 39,681 79,182 Communisis P.L.C................................... 19,147 15,849 Compass Group P.L.C................................ 15,640 269,655 Computacenter P.L.C................................ 8,365 81,308 1163 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Connect Group P.L.C................................ 13,438 $ 28,608 Consort Medical P.L.C.............................. 2,681 34,159 Costain Group P.L.C................................ 6,066 26,223 Cranswick P.L.C.................................... 3,289 64,752 Croda International P.L.C.......................... 6,648 265,497 CSR P.L.C.......................................... 6,436 82,461 CSR P.L.C. ADR..................................... 300 15,366 Daily Mail & General Trust P.L.C................... 17,535 227,162 Dairy Crest Group P.L.C............................ 14,607 107,445 Darty P.L.C........................................ 22,589 23,006 DCC P.L.C.......................................... 4,700 249,031 De La Rue P.L.C.................................... 3,009 23,409 Debenhams P.L.C.................................... 113,383 127,921 Dechra Pharmaceuticals P.L.C....................... 7,191 93,837 Development Securities P.L.C....................... 8,612 31,293 Devro P.L.C........................................ 14,187 60,044 # Dialight P.L.C..................................... 2,572 27,164 Dignity P.L.C...................................... 2,642 73,999 Diploma P.L.C...................................... 9,725 111,488 Direct Line Insurance Group P.L.C.................. 83,045 389,453 Dixons Carphone P.L.C.............................. 67,817 443,189 Domino Printing Sciences P.L.C..................... 5,714 58,608 Domino's Pizza Group P.L.C......................... 10,707 108,391 Drax Group P.L.C................................... 26,672 144,721 DS Smith P.L.C..................................... 91,348 434,468 Dunelm Group P.L.C................................. 4,160 55,010 E2V Technologies P.L.C............................. 4,061 11,464 easyJet P.L.C...................................... 6,175 172,177 Electrocomponents P.L.C............................ 41,613 127,863 Elementis P.L.C.................................... 43,216 179,423 * EnQuest P.L.C...................................... 35,903 18,367 Euromoney Institutional Investor P.L.C............. 2,696 43,451 Evraz P.L.C........................................ 38,793 99,277 Experian P.L.C..................................... 19,031 335,346 Fenner P.L.C....................................... 8,670 24,076 Ferrexpo P.L.C..................................... 6,501 4,903 Fidessa Group P.L.C................................ 2,534 91,401 * Firstgroup P.L.C................................... 57,503 85,819 * Fortune Oil P.L.C.................................. 39,408 5,825 Fresnillo P.L.C.................................... 7,465 100,833 Friends Life Group, Ltd............................ 80,277 480,046 G4S P.L.C.......................................... 107,789 461,888 Galliford Try P.L.C................................ 6,019 119,187 * Gem Diamonds, Ltd.................................. 9,072 19,290 Genus P.L.C........................................ 3,112 57,319 GKN P.L.C.......................................... 119,026 657,360 Glencore P.L.C..................................... 127,639 475,912 Go-Ahead Group P.L.C............................... 2,800 103,968 Grafton Group P.L.C................................ 9,796 98,588 Greencore Group P.L.C.............................. 36,528 169,414 Greggs P.L.C....................................... 10,767 132,987 Halfords Group P.L.C............................... 22,263 148,537 Halma P.L.C........................................ 36,201 378,794 1164 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Hargreaves Lansdown P.L.C.......................... 6,167 $ 93,483 Hays P.L.C......................................... 96,072 223,866 Helical Bar P.L.C.................................. 8,751 50,255 Henderson Group P.L.C.............................. 87,343 311,356 Hill & Smith Holdings P.L.C........................ 5,806 53,184 Hiscox, Ltd........................................ 20,535 226,821 * Hochschild Mining P.L.C............................ 11,244 15,337 Home Retail Group P.L.C............................ 67,834 195,936 Homeserve P.L.C.................................... 30,537 154,635 Howden Joinery Group P.L.C......................... 40,319 257,298 HSBC Holdings P.L.C. Sponsored ADR................. 78,206 3,575,578 Hunting P.L.C...................................... 8,068 48,031 ICAP P.L.C......................................... 48,098 337,746 IG Group Holdings P.L.C............................ 32,395 351,504 * Imagination Technologies Group P.L.C............... 8,047 29,642 IMI P.L.C.......................................... 7,875 150,804 Inchcape P.L.C..................................... 35,233 368,041 Informa P.L.C...................................... 60,524 465,367 Inmarsat P.L.C..................................... 27,864 349,144 Innovation Group P.L.C............................. 24,681 10,861 InterContinental Hotels Group P.L.C................ 5,094 203,119 InterContinental Hotels Group P.L.C. ADR........... 3,432 136,447 * International Consolidated Airlines Group SA....... 28,851 235,026 Interserve P.L.C................................... 10,953 87,976 Intertek Group P.L.C............................... 4,650 160,151 Investec P.L.C..................................... 35,556 298,750 * IP Group P.L.C..................................... 5,573 19,693 ITE Group P.L.C.................................... 12,657 24,894 ITV P.L.C.......................................... 77,270 255,727 J Sainsbury P.L.C.................................. 43,846 168,018 James Fisher & Sons P.L.C.......................... 4,215 69,816 Jardine Lloyd Thompson Group P.L.C................. 6,631 94,215 JD Sports Fashion P.L.C............................ 6,772 51,137 John Menzies P.L.C................................. 3,951 22,112 John Wood Group P.L.C.............................. 24,895 213,833 Johnson Matthey P.L.C.............................. 4,374 213,979 * Johnston Press P.L.C............................... 4,678 11,739 Jupiter Fund Management P.L.C...................... 30,723 174,762 * KAZ Minerals P.L.C................................. 28,842 86,941 Kcom Group P.L.C................................... 26,290 32,724 Keller Group P.L.C................................. 4,335 58,033 Kier Group P.L.C................................... 6,052 142,467 Kingfisher P.L.C................................... 61,182 314,730 Laird P.L.C........................................ 19,504 93,502 * Lamprell P.L.C..................................... 19,335 31,570 Lancashire Holdings, Ltd........................... 15,705 144,021 Lavendon Group P.L.C............................... 5,985 14,240 Legal & General Group P.L.C........................ 95,022 381,620 * Liberty Global P.L.C. Class A...................... 731 34,138 * Liberty Global P.L.C. Series C..................... 1,803 82,186 * Lloyds Banking Group P.L.C......................... 223,714 247,833 * Lloyds Banking Group P.L.C. ADR.................... 414,483 1,819,580 London Stock Exchange Group P.L.C.................. 7,827 277,921 1165 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) * Lonmin P.L.C....................................... 19,058 $ 46,675 Lookers P.L.C...................................... 25,196 56,641 Low & Bonar P.L.C.................................. 15,615 12,037 Man Group P.L.C.................................... 121,315 326,598 Marks & Spencer Group P.L.C........................ 39,398 286,389 Marshalls P.L.C.................................... 3,577 13,148 McBride P.L.C...................................... 338 409 Mears Group P.L.C.................................. 6,031 37,737 * Mecom Group P.L.C.................................. 198 456 Melrose Industries P.L.C........................... 68,392 272,248 Michael Page International P.L.C................... 18,087 126,564 Micro Focus International P.L.C.................... 9,945 157,586 Millennium & Copthorne Hotels P.L.C................ 14,939 129,556 Mitie Group P.L.C.................................. 40,129 163,008 Mondi P.L.C........................................ 29,021 517,702 Moneysupermarket.com Group P.L.C................... 25,914 102,299 Morgan Advanced Materials P.L.C.................... 31,849 145,416 Morgan Sindall Group P.L.C......................... 3,994 40,080 N Brown Group P.L.C................................ 8,991 58,253 National Express Group P.L.C....................... 45,635 175,048 National Grid P.L.C. Sponsored ADR................. 7,743 544,643 NCC Group P.L.C.................................... 3,164 10,744 Next P.L.C......................................... 3,106 337,523 Northgate P.L.C.................................... 15,158 140,904 Novae Group P.L.C.................................. 922 8,319 Old Mutual P.L.C................................... 134,609 419,963 * Optos P.L.C........................................ 998 3,777 Oxford Instruments P.L.C........................... 1,329 14,859 Pace P.L.C......................................... 37,742 189,412 PayPoint P.L.C..................................... 1,087 13,555 # Pearson P.L.C. Sponsored ADR....................... 24,882 504,109 Pendragon P.L.C.................................... 21,003 11,270 # Pennon Group P.L.C................................. 20,604 275,417 Persimmon P.L.C.................................... 20,752 496,781 * Petra Diamonds, Ltd................................ 30,011 69,197 Petrofac, Ltd...................................... 17,965 190,332 #* Petropavlovsk P.L.C................................ 19,536 3,973 Phoenix Group Holdings............................. 10,885 137,092 Photo-Me International P.L.C....................... 6,189 12,636 Premier Farnell P.L.C.............................. 22,119 56,233 * Premier Foods P.L.C................................ 35,747 23,260 Premier Oil P.L.C.................................. 19,744 42,807 Prudential P.L.C. ADR.............................. 12,547 609,031 PZ Cussons P.L.C................................... 17,754 84,178 * Quintain Estates & Development P.L.C............... 42,664 61,809 Randgold Resources, Ltd............................ 3,661 314,223 * Raven Russia, Ltd.................................. 7,725 4,330 Redrow P.L.C....................................... 16,426 69,671 Reed Elsevier P.L.C. Sponsored ADR................. 8,061 560,239 Regus P.L.C........................................ 67,276 204,540 Renishaw P.L.C..................................... 1,952 68,026 Rentokil Initial P.L.C............................. 111,843 203,621 Rexam P.L.C........................................ 56,242 359,402 1166 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Ricardo P.L.C...................................... 4,864 $ 48,970 Rightmove P.L.C.................................... 5,993 209,363 # Rio Tinto P.L.C. Sponsored ADR..................... 50,844 2,243,746 Rolls-Royce Holdings P.L.C......................... 26,156 349,445 Rotork P.L.C....................................... 4,328 149,612 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 25,799 280,177 # Royal Dutch Shell P.L.C............................ 28,570 1,828,194 Royal Dutch Shell P.L.C. ADR....................... 35,115 2,157,817 RPC Group P.L.C.................................... 28,434 231,462 RPS Group P.L.C.................................... 14,182 38,869 * RSA Insurance Group P.L.C.......................... 68,152 465,054 Sage Group P.L.C. (The)............................ 56,466 407,055 * Salamander Energy P.L.C............................ 1,958 2,065 Savills P.L.C...................................... 12,824 140,731 Schroders P.L.C.(0239581).......................... 1,147 38,584 Schroders P.L.C.(0240549).......................... 1,837 79,828 * SDL P.L.C.......................................... 6,858 43,708 Senior P.L.C....................................... 43,233 200,849 Sepura P.L.C....................................... 4,663 10,529 Serco Group P.L.C.................................. 18,803 43,566 * Severfield P.L.C................................... 3,577 3,643 Severn Trent P.L.C................................. 6,708 217,170 Shanks Group P.L.C................................. 39,825 58,870 Shire P.L.C........................................ 6,185 451,430 SIG P.L.C.......................................... 41,054 113,856 Sky P.L.C.......................................... 20,494 285,792 * Skyepharma P.L.C................................... 10,240 40,320 Smith & Nephew P.L.C............................... 10,869 193,826 Smith & Nephew P.L.C. Sponsored ADR................ 750 26,850 Smiths Group P.L.C................................. 18,437 312,028 Soco International P.L.C........................... 16,515 64,847 Spectris P.L.C..................................... 11,774 369,988 Speedy Hire P.L.C.................................. 39,882 43,598 Spirax-Sarco Engineering P.L.C..................... 5,758 264,277 Spirent Communications P.L.C....................... 27,560 36,797 * Sports Direct International P.L.C.................. 7,119 75,924 SSE P.L.C.......................................... 17,758 429,719 St Ives P.L.C...................................... 2,904 7,803 St James's Place P.L.C............................. 35,397 455,412 ST Modwen Properties P.L.C......................... 16,551 104,103 Stagecoach Group P.L.C............................. 27,130 139,666 Standard Chartered P.L.C........................... 31,514 420,236 Standard Life P.L.C................................ 50,731 306,509 Sthree P.L.C....................................... 3,281 16,676 Stobart Group, Ltd................................. 4,060 6,470 * SuperGroup P.L.C................................... 2,659 38,491 Synergy Health P.L.C............................... 5,922 193,192 Synthomer P.L.C.................................... 25,015 91,441 # TalkTalk Telecom Group P.L.C....................... 31,929 152,493 Tate & Lyle P.L.C.................................. 33,130 337,890 Taylor Wimpey P.L.C................................ 204,567 415,591 Ted Baker P.L.C.................................... 1,597 56,931 Telecity Group P.L.C............................... 20,003 259,144 1167 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ UNITED KINGDOM -- (Continued) Tesco P.L.C........................................ 198,341 $ 670,722 * Thomas Cook Group P.L.C............................ 78,828 151,354 Topps Tiles P.L.C.................................. 9,851 17,865 Travis Perkins P.L.C............................... 15,892 458,584 * Trinity Mirror P.L.C............................... 24,604 63,798 TT electronics P.L.C............................... 14,705 24,412 TUI AG(5666292).................................... 17,393 305,856 * TUI AG(BSS7HQ3).................................... 8,571 148,201 Tullett Prebon P.L.C............................... 9,368 47,114 Tullow Oil P.L.C................................... 16,836 92,621 UBM P.L.C.......................................... 23,729 188,423 UDG Healthcare P.L.C............................... 10,517 62,030 Unilever P.L.C. Sponsored ADR...................... 16,177 711,303 UNITE Group P.L.C. (The)........................... 15,780 116,224 United Utilities Group P.L.C....................... 16,965 261,835 UTV Media P.L.C.................................... 3,863 11,112 * Vectura Group P.L.C................................ 12,906 29,365 Vedanta Resources P.L.C............................ 7,796 43,564 Vesuvius P.L.C..................................... 14,320 94,550 Victrex P.L.C...................................... 7,503 231,943 Vitec Group P.L.C. (The)........................... 435 4,040 Vodafone Group P.L.C............................... 489,013 1,719,603 Weir Group P.L.C. (The)............................ 12,266 309,248 WH Smith P.L.C..................................... 7,748 156,924 Whitbread P.L.C.................................... 4,587 344,304 * Wincanton P.L.C.................................... 4,428 11,786 WM Morrison Supermarkets P.L.C..................... 209,067 564,088 Wolseley P.L.C..................................... 6,153 356,648 WPP P.L.C.......................................... 26,614 585,257 WS Atkins P.L.C.................................... 6,335 119,381 Xaar P.L.C......................................... 1,394 6,468 Xchanging P.L.C.................................... 14,556 34,300 ------------ TOTAL UNITED KINGDOM................................... 69,969,021 ------------ UNITED STATES -- (0.0%) #* Chaparral Gold Corp................................ 1,000 472 ------------ TOTAL COMMON STOCKS.................................... 349,869,785 ------------ RIGHTS/WARRANTS -- (0.0%) FRANCE -- (0.0%) * Groupe Fnac Rights 05/16/15........................ 6 34 ------------ SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA..... 3,556 1,808 1168 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SPAIN -- (Continued) * Banco Santander SA................................ 230,207 $ 35,242 ------------ TOTAL SPAIN............................................. 37,050 ------------ TOTAL RIGHTS/WARRANTS................................... 37,084 ------------ SECURITIES LENDING COLLATERAL -- (7.1%) (S)@ DFA Short Term Investment Fund.................... 2,306,187 26,682,586 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $394,157,734)^^..... $376,589,455 ============ 1169 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia..................... $ 151,184 $ 23,250,825 -- $ 23,402,009 Austria....................... -- 1,520,921 -- 1,520,921 Belgium....................... 114,871 4,736,805 -- 4,851,676 Canada........................ 37,108,563 -- -- 37,108,563 China......................... -- 11,126 -- 11,126 Denmark....................... -- 4,158,416 -- 4,158,416 Finland....................... -- 4,772,474 -- 4,772,474 France........................ 424,005 26,580,726 -- 27,004,731 Germany....................... 816,277 20,326,783 -- 21,143,060 Hong Kong..................... -- 10,292,500 -- 10,292,500 Ireland....................... 670,850 1,031,574 -- 1,702,424 Israel........................ 288,964 1,589,068 -- 1,878,032 Italy......................... 176,604 9,446,062 -- 9,622,666 Japan......................... 74,087 73,311,093 -- 73,385,180 Netherlands................... 1,783,004 8,125,981 -- 9,908,985 New Zealand................... -- 1,148,276 -- 1,148,276 Norway........................ 211,757 3,278,712 -- 3,490,469 Portugal...................... -- 1,011,070 -- 1,011,070 Singapore..................... 10,611 5,517,462 -- 5,528,073 Spain......................... 77,427 10,483,945 -- 10,561,372 Sweden........................ -- 10,688,725 -- 10,688,725 Switzerland................... 1,277,584 15,431,960 -- 16,709,544 United Kingdom................ 21,236,428 48,732,593 -- 69,969,021 United States................. 472 -- -- 472 Rights/Warrants.................. France........................ -- 34 -- 34 Spain......................... -- 37,050 -- 37,050 Securities Lending Collateral.... -- 26,682,586 -- 26,682,586 ----------- ------------ -- ------------ TOTAL............................ $64,422,688 $312,166,767 -- $376,589,455 =========== ============ == ============ 1170 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (90.1%) BRAZIL -- (6.5%) * Abril Educacao SA.................................. 1,500 $ 5,420 AES Tiete SA....................................... 40,415 205,703 Aliansce Shopping Centers SA....................... 49,891 298,372 ALL - America Latina Logistica SA.................. 109,800 158,305 Alupar Investimento SA............................. 21,356 151,550 Arezzo Industria e Comercio SA..................... 24,728 216,189 * B2W Cia Digital.................................... 36,032 307,789 * Banco ABC Brasil SA................................ 1,188 5,025 Banco Bradesco SA.................................. 182,484 2,284,142 Banco do Brasil SA................................. 239,970 1,849,577 BB Seguridade Participacoes SA..................... 100,500 1,097,818 Bematech SA........................................ 30,200 116,114 * BHG SA - Brazil Hospitality Group.................. 14,800 95,355 BM&FBovespa SA..................................... 783,117 2,650,861 BR Malls Participacoes SA.......................... 214,952 1,223,744 Brasil Brokers Participacoes SA.................... 106,800 107,196 Brasil Insurance Participacoes e Administracao SA.. 18,970 14,234 BrasilAgro - Co. Brasileira de Propriedades Agricolas........................................ 2,800 8,809 # Braskem SA Sponsored ADR........................... 64,833 610,727 * Brazil Pharma SA................................... 71,269 29,622 BRF SA............................................. 101,200 2,416,813 BRF SA ADR......................................... 52,139 1,236,737 CCR SA............................................. 343,703 1,960,190 Centrais Eletricas Brasileiras SA.................. 143,882 276,104 # Centrais Eletricas Brasileiras SA ADR.............. 17,139 39,420 CETIP SA - Mercados Organizados.................... 122,846 1,579,052 Cia Brasileira de Distribuicao ADR................. 19,886 652,460 Cia de Saneamento Basico do Estado de Sao Paulo.... 89,549 446,291 Cia de Saneamento Basico do Estado de Sao Paulo ADR.............................................. 37,154 180,568 Cia de Saneamento de Minas Gerais-COPASA........... 30,700 194,106 Cia Energetica de Minas Gerais..................... 19,209 90,222 Cia Energetica de Minas Gerais Sponsored ADR....... -- 1 Cia Hering......................................... 111,748 757,550 Cia Paranaense de Energia.......................... 8,100 65,432 # Cia Paranaense de Energia Sponsored ADR............ 12,235 141,926 * Cia Providencia Industria e Comercio SA............ 2,200 6,665 # Cia Siderurgica Nacional SA Sponsored ADR.......... 366,608 549,912 Cielo SA........................................... 205,153 3,056,160 Contax Participacoes SA............................ 6,500 25,719 * Cosan Logistica SA................................. 39,728 32,546 Cosan SA Industria e Comercio...................... 55,028 505,111 CPFL Energia SA.................................... 127,332 802,930 Cyrela Brazil Realty SA Empreendimentos e Participacoes.................................... 172,100 692,992 Cyrela Commercial Properties SA Empreendimentos e Participacoes.................................... 2,400 9,720 Direcional Engenharia SA........................... 54,700 132,507 Duratex SA......................................... 114,223 315,814 EcoRodovias Infraestrutura e Logistica SA.......... 84,700 326,700 EDP - Energias do Brasil SA........................ 167,813 539,466 Embraer SA......................................... 42,200 374,736 Embraer SA ADR..................................... 78,348 2,762,550 Equatorial Energia SA.............................. 91,663 850,957 1171 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- BRAZIL -- (Continued) Estacio Participacoes SA........................... 57,653 $ 359,008 Eternit SA......................................... 69,732 80,439 Even Construtora e Incorporadora SA................ 168,800 273,347 Ez Tec Empreendimentos e Participacoes SA.......... 33,600 205,662 * Fertilizantes Heringer SA.......................... 6,700 9,488 * Fibria Celulose SA................................. 63,100 764,725 * Fibria Celulose SA Sponsored ADR................... 82,753 1,003,794 * Forjas Taurus SA................................... 458 931 Gafisa SA.......................................... 158,400 111,386 # Gafisa SA ADR...................................... 80,334 114,878 * General Shopping Brasil SA......................... 5,100 11,304 Gerdau SA.......................................... 32,500 90,038 Gerdau SA Sponsored ADR............................ 388,350 1,339,807 Gol Linhas Aereas Inteligentes SA ADR.............. 7,500 33,750 Grendene SA........................................ 38,100 197,065 Guararapes Confeccoes SA........................... 3,706 108,350 Helbor Empreendimentos SA.......................... 80,790 117,302 * Hypermarcas SA..................................... 145,126 986,979 Iguatemi Empresa de Shopping Centers SA............ 42,704 386,538 Industrias Romi SA................................. 3,400 2,555 International Meal Co. Holdings SA................. 25,700 73,595 Iochpe-Maxion SA................................... 48,100 200,015 Itau Unibanco Holding SA........................... 55,061 616,594 JBS SA............................................. 486,488 2,076,408 JHSF Participacoes SA.............................. 30,000 24,031 JSL SA............................................. 38,800 156,308 Kepler Weber SA.................................... 7,672 108,990 Klabin SA.......................................... 221,394 1,133,408 Kroton Educacional SA.............................. 283,804 1,306,650 Light SA........................................... 54,298 286,903 Localiza Rent a Car SA............................. 86,496 1,126,677 * Log-in Logistica Intermodal SA..................... 19,300 24,786 Lojas Americanas SA................................ 72,857 317,547 Lojas Renner SA.................................... 57,145 1,504,802 LPS Brasil Consultoria de Imoveis SA............... 24,900 52,936 M Dias Branco SA................................... 12,400 381,785 Magnesita Refratarios SA........................... 68,085 47,552 Mahle-Metal Leve SA Industria e Comercio........... 20,500 152,645 Marcopolo SA....................................... 1,400 1,394 * Marfrig Global Foods SA............................ 153,450 287,709 Marisa Lojas SA.................................... 18,883 102,927 Mills Estruturas e Servicos de Engenharia SA....... 33,900 72,078 * Minerva SA......................................... 82,845 267,192 MRV Engenharia e Participacoes SA.................. 239,154 618,767 Multiplan Empreendimentos Imobiliarios SA.......... 39,892 713,618 Multiplus SA....................................... 28,000 362,112 Natura Cosmeticos SA............................... 86,700 1,012,592 * Oi SA.............................................. 16,825 33,833 * Oi SA ADR(670851302)............................... 199 408 #* Oi SA ADR(670851401)............................... 14,138 27,851 * Paranapanema SA.................................... 70,114 51,143 * PDG Realty SA Empreendimentos e Participacoes...... 847,533 164,912 Petroleo Brasileiro SA............................. 119,600 358,441 1172 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- BRAZIL -- (Continued) Petroleo Brasileiro SA ADR......................... 218,298 $ 1,311,971 Porto Seguro SA.................................... 43,600 439,597 Portobello SA...................................... 16,200 24,155 Profarma Distribuidora de Produtos Farmaceuticos SA 3,800 9,794 QGEP Participacoes SA.............................. 49,000 104,056 Raia Drogasil SA................................... 56,214 538,362 Restoque Comercio e Confeccoes de Roupas SA........ 52,500 145,403 Rodobens Negocios Imobiliarios SA.................. 8,300 30,715 * Rossi Residencial SA............................... 25,054 19,771 Santos Brasil Participacoes SA..................... 26,600 136,470 Sao Martinho SA.................................... 28,884 367,414 SLC Agricola SA.................................... 40,400 215,654 Sonae Sierra Brasil SA............................. 14,800 86,359 * Springs Global Participacoes SA.................... 21,540 7,145 Sul America SA..................................... 81,552 347,773 * T4F Entretenimento SA.............................. 9,700 8,707 Technos SA......................................... 6,655 16,518 Tecnisa SA......................................... 43,100 50,349 Tegma Gestao Logistica............................. 16,697 86,409 Telefonica Brasil SA ADR........................... 23,628 435,700 Tereos Internacional SA............................ 10,800 4,146 Tim Participacoes SA............................... 160,587 706,073 Tim Participacoes SA ADR........................... 24,081 531,468 Totvs SA........................................... 64,474 807,443 * TPI - Triunfo Participacoes e Investimentos SA..... 12,300 22,590 Tractebel Energia SA............................... 73,549 855,230 Transmissora Alianca de Energia Eletrica SA........ 51,215 375,626 Ultrapar Participacoes SA.......................... 119,484 2,356,119 Ultrapar Participacoes SA Sponsored ADR............ 18,730 366,733 UNICASA Industria de Moveis SA..................... 5,500 4,329 * Usinas Siderurgicas de Minas Gerais SA............. 18,000 114,123 Vale SA............................................ 155,100 1,082,843 # Vale SA Sponsored ADR.............................. 266,030 1,870,191 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.................... 29,573 423,163 * Vanguarda Agro SA.................................. 72,299 26,174 WEG SA............................................. 53,342 636,503 ----------- TOTAL BRAZIL........................................... 66,886,940 ----------- CHILE -- (1.5%) AES Gener SA....................................... 636,781 331,927 Aguas Andinas SA Class A........................... 749,709 431,903 # Banco de Chile ADR................................. 9,927 652,628 Banco de Credito e Inversiones..................... 8,756 368,985 Banco Santander Chile ADR.......................... 60,140 1,145,066 Besalco SA......................................... 75,179 37,117 CAP SA............................................. 22,318 54,869 Cencosud SA........................................ 296,394 727,031 Cencosud SA ADR.................................... 9,745 73,380 * Cia Sud Americana de Vapores SA.................... 1,458,689 49,045 Colbun SA.......................................... 2,356,700 646,052 Corpbanca SA....................................... 46,140,367 509,754 # Corpbanca SA ADR................................... 4,431 73,643 1173 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHILE -- (Continued) E.CL SA............................................ 246,761 $ 384,078 Empresa Nacional de Electricidad SA Sponsored ADR.. 30,083 1,284,544 * Empresas AquaChile SA.............................. 68,763 44,398 Empresas CMPC SA................................... 505,626 1,268,642 Empresas COPEC SA.................................. 62,933 715,792 Empresas Hites SA.................................. 72,367 23,750 Empresas Iansa SA.................................. 1,240,934 32,959 * Empresas La Polar SA............................... 163,427 5,949 Enersis SA Sponsored ADR........................... 148,199 2,260,035 ENTEL Chile SA..................................... 53,018 500,400 Forus SA........................................... 36,415 132,112 Gasco SA........................................... 8,102 68,973 Grupo Security SA.................................. 194,242 59,472 Inversiones Aguas Metropolitanas SA................ 296,722 459,140 Inversiones La Construccion SA..................... 10,661 127,644 * Latam Airlines Group SA............................ 21,221 219,150 #* Latam Airlines Group SA Sponsored ADR.............. 67,157 696,418 Masisa SA.......................................... 769,822 21,365 Molibdenos y Metales SA............................ 4,602 35,704 * Multiexport Foods SA............................... 122,053 24,481 Parque Arauco SA................................... 205,189 364,313 PAZ Corp. SA....................................... 93,709 51,755 Ripley Corp. SA.................................... 283,615 116,740 SACI Falabella..................................... 121,678 799,878 Salfacorp SA....................................... 67,934 45,231 Sigdo Koppers SA................................... 111,976 151,651 Sociedad Matriz SAAM SA............................ 1,699,690 120,645 Sociedad Quimica y Minera de Chile SA Sponsored ADR.............................................. 6,008 143,351 Socovesa SA........................................ 139,493 27,781 Sonda SA........................................... 155,392 377,180 * Tech Pack SA....................................... 11,501 4,815 ----------- TOTAL CHILE............................................ 15,669,746 ----------- CHINA -- (14.6%) # 361 Degrees International, Ltd..................... 195,000 55,782 AAC Technologies Holdings, Inc..................... 37,000 236,456 Agile Property Holdings, Ltd....................... 656,749 398,368 Agricultural Bank of China, Ltd. Class H........... 3,690,000 1,806,618 Air China, Ltd. Class H............................ 454,000 433,816 Ajisen China Holdings, Ltd......................... 118,000 68,349 * Alibaba Health Information Technology, Ltd......... 240,000 157,123 * Alibaba Pictures Group, Ltd........................ 180,000 35,497 #* Aluminum Corp. of China, Ltd. ADR.................. 18,685 207,777 #* Aluminum Corp. of China, Ltd. Class H.............. 488,000 219,698 AMVIG Holdings, Ltd................................ 98,000 47,888 Angang Steel Co., Ltd. Class H..................... 282,000 208,610 Anhui Conch Cement Co., Ltd. Class H............... 194,500 652,348 Anhui Expressway Co., Ltd. Class H................. 172,000 124,623 # Anta Sports Products, Ltd.......................... 143,000 253,172 Anxin-China Holdings, Ltd.......................... 784,000 53,518 Asia Cement China Holdings Corp.................... 158,000 81,047 * AVIC International Holdings, Ltd................... 100,000 69,844 Bank of China, Ltd. Class H........................ 10,148,356 5,652,351 1174 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Bank of Communications Co., Ltd. Class H........... 1,149,580 $ 965,086 Baoxin Auto Group, Ltd............................. 217,500 125,346 Baoye Group Co., Ltd. Class H...................... 100,000 57,954 BBMG Corp. Class H................................. 252,641 220,770 Beijing Capital International Airport Co., Ltd. Class H.......................................... 556,000 526,846 Beijing Capital Land, Ltd. Class H................. 376,000 173,343 Beijing Enterprises Water Group, Ltd............... 374,000 244,106 Beijing Jingneng Clean Energy Co., Ltd. Class H.... 346,000 138,359 Beijing North Star Co., Ltd. Class H............... 284,000 89,518 Belle International Holdings, Ltd.................. 744,000 840,243 # Biostime International Holdings, Ltd............... 65,000 176,697 # Bloomage Biotechnology Corp., Ltd.................. 40,000 66,200 Boer Power Holdings, Ltd........................... 83,000 90,423 # Bosideng International Holdings, Ltd............... 1,098,000 141,019 Brilliance China Automotive Holdings, Ltd.......... 368,000 675,943 # Byd Co., Ltd. Class H.............................. 54,000 195,771 BYD Electronic International Co., Ltd.............. 297,000 311,405 C C Land Holdings, Ltd............................. 422,125 72,699 #* Carnival Group International Holdings, Ltd......... 85,500 13,750 Carrianna Group Holdings Co., Ltd.................. 102,000 12,214 CECEP COSTIN New Materials Group, Ltd.............. 62,000 25,997 Central China Real Estate, Ltd..................... 181,194 45,220 # Changshouhua Food Co., Ltd......................... 87,000 59,789 * Chaoda Modern Agriculture Holdings, Ltd............ 600,243 42,017 # Chaowei Power Holdings, Ltd........................ 199,000 83,135 * Chigo Holding, Ltd................................. 1,680,000 36,108 China Aerospace International Holdings, Ltd........ 926,000 116,568 China Agri-Industries Holdings, Ltd................ 876,800 355,279 # China All Access Holdings, Ltd..................... 154,000 51,599 China Aoyuan Property Group, Ltd................... 385,000 61,969 * China Automation Group, Ltd........................ 134,000 15,533 China BlueChemical, Ltd............................ 637,143 221,491 China Child Care Corp., Ltd........................ 112,000 17,773 China CITIC Bank Corp., Ltd. Class H............... 1,117,000 827,443 # China Coal Energy Co., Ltd. Class H................ 836,000 462,708 China Communications Services Corp., Ltd. Class H.......................................... 980,800 442,928 China Construction Bank Corp. Class H.............. 15,189,990 12,178,809 #* China COSCO Holdings Co., Ltd. Class H............. 309,000 152,340 * China Culiangwang Beverages Holdings, Ltd.......... 216,000 12,192 # China Datang Corp. Renewable Power Co., Ltd. Class H.......................................... 641,000 92,295 #* China Dredging Environment Protection Holdings, Ltd.............................................. 197,000 34,597 * China Eastern Airlines Corp., Ltd. Class H......... 208,000 105,489 * China Energine International Holdings, Ltd......... 136,000 14,662 China Everbright International, Ltd................ 524,000 770,429 # China Fiber Optic Network System Group, Ltd........ 330,000 80,333 #* China Foods, Ltd................................... 244,000 80,476 # China Galaxy Securities Co., Ltd. Class H.......... 130,500 139,622 China Gas Holdings, Ltd............................ 230,000 356,657 China Glass Holdings, Ltd.......................... 200,000 25,710 * China High Precision Automation Group, Ltd......... 73,000 2,154 * China High Speed Transmission Equipment Group Co., Ltd.............................................. 391,993 276,761 China Hongqiao Group, Ltd.......................... 357,000 227,645 * China Household Holdings, Ltd...................... 550,000 37,602 1175 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CHINA -- (Continued) * China Huiyuan Juice Group, Ltd..................... 181,500 $ 59,140 China International Marine Containers Group Co., Ltd. Class H..................................... 44,300 84,613 # China ITS Holdings Co., Ltd........................ 164,000 19,665 # China Lesso Group Holdings, Ltd.................... 215,000 103,968 # China Life Insurance Co., Ltd. ADR................. 24,223 1,391,369 China Life Insurance Co., Ltd. Class H............. 61,000 236,767 China Lilang, Ltd.................................. 120,000 75,389 China Longyuan Power Group Corp., Ltd. Class H..... 474,000 506,307 #* China Lumena New Materials Corp.................... 936,000 56,596 China Mengniu Dairy Co., Ltd....................... 101,000 461,514 China Merchants Bank Co., Ltd. Class H............. 678,098 1,515,258 China Merchants Holdings International Co., Ltd.... 246,203 901,591 China Merchants Land, Ltd.......................... 204,000 28,929 #* China Metal Recycling Holdings, Ltd................ 130,581 29,780 China Minsheng Banking Corp., Ltd. Class H......... 1,166,100 1,413,987 China Mobile, Ltd. Sponsored ADR................... 176,703 11,542,240 * China Modern Dairy Holdings, Ltd................... 162,000 52,093 China Molybdenum Co., Ltd. Class H................. 146,000 92,184 China National Building Material Co., Ltd. Class H.......................................... 1,160,000 1,118,119 China National Materials Co., Ltd.................. 395,000 105,022 * China New Town Development Co., Ltd................ 416,254 23,286 China Oil & Gas Group, Ltd......................... 1,900,000 244,808 China Oilfield Services, Ltd. Class H.............. 310,000 511,510 China Overseas Grand Oceans Group, Ltd............. 273,500 143,830 China Overseas Land & Investment, Ltd.............. 690,000 2,002,901 China Pacific Insurance Group Co., Ltd. Class H.... 139,400 669,923 # China Power International Development, Ltd......... 829,000 477,079 * China Power New Energy Development Co., Ltd........ 1,500,000 91,507 #* China Precious Metal Resources Holdings Co., Ltd... 1,426,000 125,191 * China Properties Group, Ltd........................ 128,000 21,601 * China Qinfa Group, Ltd............................. 144,000 4,768 China Railway Construction Corp., Ltd. Class H..... 437,000 499,765 China Railway Group, Ltd. Class H.................. 648,000 473,835 * China Rare Earth Holdings, Ltd..................... 398,000 65,858 China Resources Cement Holdings, Ltd............... 500,000 297,365 China Resources Gas Group, Ltd..................... 188,000 456,620 China Resources Land, Ltd.......................... 430,222 1,101,716 China Resources Power Holdings Co., Ltd............ 278,000 781,945 #* China Rongsheng Heavy Industries Group Holdings, Ltd.............................................. 811,500 73,657 * China Ruifeng Renewable Energy, Ltd................ 116,000 16,310 # China Sanjiang Fine Chemicals Co., Ltd............. 181,000 53,695 * China SCE Property Holdings, Ltd................... 369,600 71,152 # China Shanshui Cement Group, Ltd................... 660,790 294,445 China Shenhua Energy Co., Ltd. Class H............. 534,384 1,466,902 #* China Shipping Container Lines Co., Ltd. Class H... 1,053,000 331,813 #* China Shipping Development Co., Ltd. Class H....... 509,654 361,965 # China Singyes Solar Technologies Holdings, Ltd..... 143,000 199,833 # China South City Holdings, Ltd..................... 720,000 236,440 China Southern Airlines Co., Ltd. Class H.......... 228,000 121,406 China Southern Airlines Co., Ltd. Sponsored ADR.... 6,230 165,095 China State Construction International Holdings, Ltd.............................................. 255,919 392,948 China Suntien Green Energy Corp., Ltd. Class H..... 647,000 143,921 * China Taifeng Beddings Holdings, Ltd............... 134,000 16,706 1176 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) * China Taiping Insurance Holdings Co., Ltd.......... 190,212 $ 585,058 China Telecom Corp., Ltd. ADR...................... 16,786 982,988 China Telecom Corp., Ltd. Class H.................. 86,000 50,859 #* China Tian Lun Gas Holdings, Ltd................... 79,500 83,337 * China Tianyi Holdings, Ltd......................... 108,000 10,052 China Travel International Investment Hong Kong, Ltd.............................................. 150,000 49,803 China Unicom Hong Kong, Ltd........................ 960,000 1,436,924 China Unicom Hong Kong, Ltd. ADR................... 98,464 1,472,037 China Vanadium Titano - Magnetite Mining Co., Ltd.. 249,000 22,756 # China Water Affairs Group, Ltd..................... 266,000 125,585 #* China Water Industry Group, Ltd.................... 76,000 14,265 * China WindPower Group, Ltd......................... 1,314,648 80,077 China Yongda Automobiles Services Holdings, Ltd.... 42,500 24,137 #* China Yurun Food Group, Ltd........................ 522,000 200,673 China ZhengTong Auto Services Holdings, Ltd........ 256,000 128,477 # China Zhongwang Holdings, Ltd...................... 659,118 289,922 * Chinasoft International, Ltd....................... 216,000 68,806 * Chongqing Iron & Steel Co., Ltd. Class H........... 190,000 38,300 Chongqing Machinery & Electric Co., Ltd. Class H... 476,000 73,331 Chongqing Rural Commercial Bank Co., Ltd. Class H.. 764,000 468,633 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd.................................... 92,000 23,102 CIMC Enric Holdings, Ltd........................... 138,000 105,736 * CITIC Dameng Holdings, Ltd......................... 40,000 2,925 #* CITIC Resources Holdings, Ltd...................... 924,000 121,209 # CITIC Securities Co., Ltd. Class H................. 159,000 508,779 CITIC, Ltd......................................... 460,433 791,325 Citychamp Watch & Jewellery Group, Ltd............. 700,000 85,731 Clear Media, Ltd................................... 22,000 21,842 CNOOC, Ltd......................................... 866,000 1,151,322 # CNOOC, Ltd. ADR.................................... 38,445 5,118,952 Comba Telecom Systems Holdings, Ltd................ 312,229 75,259 #* Comtec Solar Systems Group, Ltd.................... 278,000 34,971 Coolpad Group, Ltd................................. 164,000 33,244 COSCO Pacific, Ltd................................. 485,051 705,647 * Coslight Technology International Group Co., Ltd... 52,000 31,825 Country Garden Holdings Co., Ltd................... 1,370,000 545,884 CP Pokphand Co., Ltd............................... 1,062,000 120,392 CPMC Holdings, Ltd................................. 201,000 107,474 * DaChan Food Asia, Ltd.............................. 57,000 6,639 # Dah Chong Hong Holdings, Ltd....................... 370,000 216,664 Dalian Port PDA Co., Ltd. Class H.................. 422,000 144,388 # Daphne International Holdings, Ltd................. 308,000 98,763 Datang International Power Generation Co., Ltd. Class H.......................................... 382,000 208,855 #* DBA Telecommunication Asia Holdings, Ltd........... 112,000 5,504 Digital China Holdings, Ltd........................ 305,000 288,117 # Dongfang Electric Corp., Ltd. Class H.............. 41,000 89,816 Dongyue Group, Ltd................................. 418,000 145,510 Embry Holdings, Ltd................................ 14,000 7,248 ENN Energy Holdings, Ltd........................... 174,000 1,025,201 EVA Precision Industrial Holdings, Ltd............. 252,000 59,916 # Evergrande Real Estate Group, Ltd.................. 2,448,000 1,012,953 # Fantasia Holdings Group Co., Ltd................... 615,000 60,967 # First Tractor Co., Ltd. Class H.................... 68,000 49,889 1177 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) # Fosun International, Ltd........................... 451,500 $ 632,881 Franshion Properties China, Ltd.................... 1,425,120 418,415 Fufeng Group, Ltd.................................. 384,400 194,196 #* GCL-Poly Energy Holdings, Ltd...................... 1,434,000 313,225 # Geely Automobile Holdings, Ltd..................... 1,630,000 669,886 * Global Bio-Chem Technology Group Co., Ltd.......... 482,800 13,968 * Glorious Property Holdings, Ltd.................... 793,000 90,925 # Golden Eagle Retail Group, Ltd..................... 103,000 122,784 * Goldin Properties Holdings, Ltd.................... 42,000 23,976 Goldlion Holdings, Ltd............................. 61,152 26,259 GOME Electrical Appliances Holding, Ltd............ 2,505,940 348,173 Good Friend International Holdings, Inc............ 22,000 6,248 # Goodbaby International Holdings, Ltd............... 131,000 41,255 Great Wall Motor Co., Ltd. Class H................. 160,500 916,116 Greatview Aseptic Packaging Co., Ltd............... 134,000 61,256 # Greenland Hong Kong Holdings, Ltd.................. 127,000 49,524 # Greentown China Holdings, Ltd...................... 258,000 229,031 Guangdong Investment, Ltd.......................... 580,000 775,560 * Guangdong Land Holdings, Ltd....................... 142,000 36,476 Guangshen Railway Co., Ltd. Class H................ 198,000 102,398 Guangshen Railway Co., Ltd. Sponsored ADR.......... 6,762 173,242 Guangzhou Automobile Group Co., Ltd. Class H....... 587,740 535,935 Guangzhou R&F Properties Co., Ltd.................. 411,600 471,420 # Guodian Technology & Environment Group Corp., Ltd. Class H.......................................... 235,000 29,279 Haier Electronics Group Co., Ltd................... 219,000 589,529 Hainan Meilan International Airport Co., Ltd. Class H.......................................... 65,000 52,765 Haitian International Holdings, Ltd................ 84,000 163,291 # Hanergy Thin Film Power Group, Ltd................. 1,904,000 882,055 * Heng Tai Consumables Group, Ltd.................... 1,562,090 17,597 Hengan International Group Co., Ltd................ 121,500 1,442,219 # Hengdeli Holdings, Ltd............................. 967,200 180,171 #* Hidili Industry International Development, Ltd..... 374,000 32,323 # Hilong Holding, Ltd................................ 351,000 108,362 * Hisense Kelon Electrical Holdings Co., Ltd. Class H 53,000 42,991 * HKC Holdings, Ltd.................................. 1,068,098 35,021 # Honghua Group, Ltd................................. 441,000 53,997 Hopewell Highway Infrastructure, Ltd............... 267,972 129,519 * Hopson Development Holdings, Ltd................... 251,000 222,529 * Hua Lien International Holding Co., Ltd............ 304,000 12,690 Huadian Power International Corp., Ltd. Class H.... 338,000 305,701 Huaneng Power International, Inc. Class H.......... 254,000 353,583 Huaneng Power International, Inc. Sponsored ADR.... 6,108 340,521 Huaneng Renewables Corp., Ltd. Class H............. 998,000 355,239 #* Hunan Nonferrous Metal Corp., Ltd. Class H......... 420,000 217,408 Industrial & Commercial Bank of China, Ltd. Class H 15,537,017 11,099,721 Inspur International, Ltd.......................... 45,000 9,572 Intime Retail Group Co., Ltd....................... 269,000 165,446 Jiangsu Expressway Co., Ltd. Class H............... 270,000 331,291 Jiangxi Copper Co., Ltd. Class H................... 271,000 441,792 Jingwei Textile Machinery Class H.................. 50,000 61,660 # Ju Teng International Holdings, Ltd................ 316,000 166,631 * Kai Yuan Holdings, Ltd............................. 1,320,000 13,588 # Kaisa Group Holdings, Ltd.......................... 662,000 136,630 1178 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Kingboard Chemical Holdings, Ltd................... 259,400 $ 418,866 Kingboard Laminates Holdings, Ltd.................. 302,473 128,131 #* Kingdee International Software Group Co., Ltd...... 374,000 120,916 # Kingsoft Corp., Ltd................................ 72,000 171,581 Kunlun Energy Co., Ltd............................. 946,000 984,987 KWG Property Holding, Ltd.......................... 464,330 299,531 #* Labixiaoxin Snacks Group, Ltd...................... 73,000 7,602 Lai Fung Holdings, Ltd............................. 1,735,000 34,105 Le Saunda Holdings, Ltd............................ 84,000 30,947 Lee & Man Chemical Co., Ltd........................ 28,000 14,635 Lee & Man Paper Manufacturing, Ltd................. 428,000 224,717 Lenovo Group, Ltd.................................. 1,044,000 1,349,604 * Leoch International Technology, Ltd................ 148,000 20,778 #* Lianhua Supermarket Holdings Co., Ltd. Class H..... 163,200 78,890 * LK Technology Holdings, Ltd........................ 17,500 1,248 Longfor Properties Co., Ltd........................ 349,000 456,698 Lonking Holdings, Ltd.............................. 817,000 154,546 * Loudong General Nice Resources China Holdings, Ltd. 399,600 31,497 * Maanshan Iron & Steel Co., Ltd. Class H............ 670,000 182,006 * Madex International Holdings, Ltd.................. 820,000 25,654 # Maoye International Holdings, Ltd.................. 441,000 65,886 Metallurgical Corp. of China, Ltd. Class H......... 665,000 204,370 #* Microport Scientific Corp.......................... 77,000 33,666 MIE Holdings Corp.................................. 306,000 34,707 MIN XIN Holdings, Ltd.............................. 44,000 32,688 * Mingfa Group International Co., Ltd................ 374,000 122,359 Minmetals Land, Ltd................................ 347,644 39,820 Minth Group, Ltd................................... 162,000 337,238 MMG, Ltd........................................... 592,000 169,426 MOBI Development Co., Ltd.......................... 100,000 20,705 * Nan Hai Corp., Ltd................................. 6,200,000 33,384 Nature Home Holding Co., Ltd....................... 19,000 3,087 # NetDragon Websoft, Inc............................. 50,500 88,443 New China Life Insurance Co., Ltd. Class H......... 88,200 485,274 New World China Land, Ltd.......................... 677,189 420,767 New World Department Store China, Ltd.............. 120,000 33,114 Nine Dragons Paper Holdings, Ltd................... 557,000 407,730 #* North Mining Shares Co., Ltd....................... 430,000 18,469 NVC Lighting Holdings, Ltd......................... 403,000 69,010 * O-Net Communications Group, Ltd.................... 65,000 13,729 Overseas Chinese Town Asia Holdings, Ltd........... 154,000 89,264 # Pacific Online, Ltd................................ 108,000 39,554 Parkson Retail Group, Ltd.......................... 467,000 111,122 # Phoenix Satellite Television Holdings, Ltd......... 450,000 140,100 PICC Property & Casualty Co., Ltd. Class H......... 528,388 1,030,527 Ping An Insurance Group Co. of China, Ltd. Class H. 235,500 2,491,516 Poly Property Group Co., Ltd....................... 809,111 376,881 * Ports Design, Ltd.................................. 104,000 40,092 * Pou Sheng International Holdings, Ltd.............. 364,687 28,189 * Powerlong Real Estate Holdings, Ltd................ 326,000 44,931 * Prosperity International Holdings HK, Ltd.......... 280,000 8,269 * Qunxing Paper Holdings Co., Ltd.................... 124,416 6,066 Real Nutriceutical Group, Ltd...................... 341,000 96,400 1179 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CHINA -- (Continued) #* Renhe Commercial Holdings Co., Ltd................ 5,863,854 $ 264,658 Road King Infrastructure, Ltd..................... 47,000 40,112 * Sany Heavy Equipment International Holdings Co., Ltd............................................. 344,000 73,470 Scud Group, Ltd................................... 206,000 24,737 * Semiconductor Manufacturing International Corp.... 5,259,000 455,843 * Semiconductor Manufacturing International Corp. ADR............................................. 35,721 151,100 Shandong Chenming Paper Holdings, Ltd. Class H.... 173,500 85,470 Shandong Weigao Group Medical Polymer Co., Ltd. Class H......................................... 196,000 153,541 Shanghai Industrial Holdings, Ltd................. 121,000 357,476 * Shanghai Industrial Urban Development Group, Ltd.. 636,000 102,248 Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H............................... 332,000 110,503 Shanghai Prime Machinery Co., Ltd. Class H........ 118,000 21,145 * Shanghai Zendai Property, Ltd..................... 205,000 4,839 Shengli Oil & Gas Pipe Holdings, Ltd.............. 144,000 7,040 Shenguan Holdings Group, Ltd...................... 550,000 153,380 Shenzhen Expressway Co., Ltd. Class H............. 214,000 166,672 Shenzhen International Holdings, Ltd.............. 288,887 416,339 Shenzhen Investment, Ltd.......................... 914,961 262,889 Shenzhou International Group Holdings, Ltd........ 84,000 303,051 Shimao Property Holdings, Ltd..................... 488,856 1,028,618 * Shougang Concord International Enterprises Co., Ltd............................................. 1,692,000 71,809 # Shougang Fushan Resources Group, Ltd.............. 1,016,000 215,980 Shui On Land, Ltd................................. 1,323,021 296,126 * Shunfeng International Clean Energy, Ltd.......... 142,000 109,876 # Sichuan Expressway Co., Ltd. Class H.............. 284,000 120,557 * Sijia Group Co.................................... 30,000 995 * Sino Oil And Gas Holdings, Ltd.................... 3,375,000 70,766 Sino-Ocean Land Holdings, Ltd..................... 975,503 627,562 * Sinofert Holdings, Ltd............................ 996,000 184,563 # SinoMedia Holding, Ltd............................ 118,644 57,312 Sinopec Shanghai Petrochemical Co., Ltd. Class H.. 290,000 83,935 Sinopharm Group Co., Ltd. Class H................. 138,000 504,238 Sinosoft Technology Group, Ltd.................... 66,000 28,743 * Sinotrans Shipping, Ltd........................... 454,173 102,725 Sinotrans, Ltd. Class H........................... 485,000 346,076 Sinotruk Hong Kong, Ltd........................... 263,500 144,917 SITC International Holdings Co., Ltd.............. 170,000 93,580 # Skyworth Digital Holdings, Ltd.................... 546,370 308,825 SMI Holdings Group, Ltd........................... 952,000 33,107 SOHO China, Ltd................................... 582,412 406,733 * Solargiga Energy Holdings, Ltd.................... 265,000 9,373 * Sparkle Roll Group, Ltd........................... 456,000 18,502 Springland International Holdings, Ltd............ 136,000 41,854 # SPT Energy Group, Inc............................. 270,000 43,165 SRE Group, Ltd.................................... 886,857 23,910 # Sun Art Retail Group, Ltd......................... 385,000 347,549 Sunac China Holdings, Ltd......................... 642,000 574,730 # Sunny Optical Technology Group Co., Ltd........... 116,000 175,660 TCC International Holdings, Ltd................... 413,795 150,792 # TCL Communication Technology Holdings, Ltd........ 177,000 155,689 * TCL Multimedia Technology Holdings, Ltd........... 262,000 114,457 Tencent Holdings, Ltd............................. 636,200 10,722,372 # Tenfu Cayman Holdings Co., Ltd.................... 34,000 12,945 1180 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Texhong Textile Group, Ltd......................... 125,000 $ 94,134 Tian An China Investment Co., Ltd.................. 62,000 38,318 Tian Shan Development Holding, Ltd................. 36,000 15,357 # Tiangong International Co., Ltd.................... 536,000 93,706 Tianjin Capital Environmental Protection Group Co., Ltd. Class H................................ 40,000 26,626 * Tianjin Jinran Public Utilities Co., Ltd. Class H.. 50,000 7,928 Tianjin Port Development Holdings, Ltd............. 744,000 150,329 Tianneng Power International, Ltd.................. 238,000 58,149 Tingyi Cayman Islands Holding Corp................. 308,000 759,434 Tomson Group, Ltd.................................. 66,969 16,236 Tongda Group Holdings, Ltd......................... 690,000 91,114 Tonly Electronics Holdings, Ltd.................... 22,200 15,664 Towngas China Co., Ltd............................. 273,000 238,413 TPV Technology, Ltd................................ 253,412 51,753 Travelsky Technology, Ltd. Class H................. 220,500 233,219 # Trigiant Group, Ltd................................ 190,000 39,629 # Truly International Holdings, Ltd.................. 525,140 189,626 # Uni-President China Holdings, Ltd.................. 275,966 238,651 * United Energy Group, Ltd........................... 808,000 114,238 #* Wanda Hotel Development Co., Ltd................... 38,000 7,248 Want Want China Holdings, Ltd...................... 983,000 1,174,631 Wasion Group Holdings, Ltd......................... 146,000 136,813 Weichai Power Co., Ltd. Class H.................... 102,280 404,631 Weiqiao Textile Co. Class H........................ 223,500 122,285 Welling Holding, Ltd............................... 294,800 54,398 West China Cement, Ltd............................. 1,288,000 143,906 * Winsway Enterprises Holdings, Ltd.................. 405,000 12,434 World Wide Touch Technology Holdings, Ltd.......... 688,000 17,874 Wumart Stores, Inc. Class H........................ 83,000 58,566 Xiamen International Port Co., Ltd. Class H........ 564,000 143,121 Xingda International Holdings, Ltd................. 363,000 113,883 Xinjiang Goldwind Science & Technology Co., Ltd. Class H.......................................... 70,800 112,689 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H.. 236,000 43,320 Xiwang Special Steel Co., Ltd...................... 160,000 22,607 XTEP International Holdings, Ltd................... 224,500 79,182 * Yanchang Petroleum International, Ltd.............. 2,200,000 86,423 # Yanzhou Coal Mining Co., Ltd. Class H.............. 302,000 241,718 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR........ 17,888 140,957 # Yingde Gases Group Co., Ltd........................ 354,500 238,866 Yip's Chemical Holdings, Ltd....................... 88,000 51,015 Youyuan International Holdings, Ltd................ 57,200 11,506 Yuanda China Holdings, Ltd......................... 334,000 19,382 Yuexiu Property Co., Ltd........................... 2,895,292 570,159 # Yuexiu Transport Infrastructure, Ltd............... 176,752 119,514 Yuzhou Properties Co., Ltd......................... 453,200 109,236 #* Zall Development Group, Ltd........................ 207,000 71,071 # Zhaojin Mining Industry Co., Ltd................... 289,500 176,812 Zhejiang Expressway Co., Ltd. Class H.............. 370,000 471,802 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H.......................................... 37,200 22,276 # Zhong An Real Estate, Ltd.......................... 245,000 32,601 # Zhongsheng Group Holdings, Ltd..................... 195,000 169,642 Zhuzhou CSR Times Electric Co., Ltd. Class H....... 79,250 442,093 # Zijin Mining Group Co., Ltd. Class H............... 1,126,000 348,715 1181 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ CHINA -- (Continued) # Zoomlion Heavy Industry Science and Technology Co., Ltd......................................... 318,200 $ 195,101 ZTE Corp. Class H.................................. 68,800 150,709 ------------ TOTAL CHINA............................................ 149,592,559 ------------ COLOMBIA -- (0.6%) Almacenes Exito SA................................. 56,848 582,459 Banco de Bogota SA................................. 4,923 125,335 Bancolombia SA..................................... 56,220 632,705 # Bancolombia SA Sponsored ADR....................... 31,245 1,445,706 Celsia SA ESP...................................... 109,766 231,678 Cementos Argos SA.................................. 70,912 267,373 * Cemex Latam Holdings SA............................ 39,921 249,015 Constructora Conconcreto SA........................ 2,809 1,577 Corp. Financiera Colombiana SA(B000C92)............ 7,408 112,517 * Corp. Financiera Colombiana SA(BS7K7G3)............ 238 3,710 Ecopetrol SA....................................... 639,346 512,263 # Ecopetrol SA Sponsored ADR......................... 50,713 826,622 Empresa de Energia de Bogota SA ESP................ 353,789 229,093 Empresa de Telecomunicaciones de Bogota............ 69,627 12,841 Grupo Aval Acciones y Valores...................... 105,297 54,051 Grupo de Inversiones Suramericana SA............... 6,730 97,640 Grupo Nutresa SA................................... 25,976 271,471 Interconexion Electrica SA ESP..................... 110,882 340,826 Isagen SA ESP...................................... 303,143 358,429 Mineros SA......................................... 5,269 4,125 ------------ TOTAL COLOMBIA......................................... 6,359,436 ------------ CZECH REPUBLIC -- (0.2%) CEZ A.S............................................ 40,937 958,182 Komercni Banka A.S................................. 2,637 536,638 O2 Czech Republic AS............................... 33,156 293,262 Pegas Nonwovens SA................................. 3,696 101,291 * Unipetrol A.S...................................... 17,641 97,450 ------------ TOTAL CZECH REPUBLIC................................... 1,986,823 ------------ EGYPT -- (0.1%) Commercial International Bank Egypt S.A.E. GDR..... 96,782 690,974 * Egyptian Financial Group-Hermes Holding Co. GDR.... 926 3,777 * Global Telecom Holding SAE GDR..................... 90,493 261,042 ------------ TOTAL EGYPT............................................ 955,793 ------------ GREECE -- (0.4%) Aegean Airlines SA................................. 14,009 108,427 * Alpha Bank AE...................................... 870,351 317,990 Athens Water Supply & Sewage Co. SA (The).......... 9,282 60,741 Bank of Greece..................................... 93 1,016 * Ellaktor SA........................................ 37,044 70,952 FF Group........................................... 11,777 351,900 * Fourlis Holdings SA................................ 16,770 52,683 * Frigoglass SA...................................... 9,710 17,936 * GEK Terna Holding Real Estate Construction SA...... 19,516 38,614 Hellenic Exchanges - Athens Stock Exchange SA Holding.......................................... 34,255 183,714 1182 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GREECE -- (Continued) Hellenic Petroleum SA.............................. 23,710 $ 100,796 * Hellenic Telecommunications Organization SA........ 95,093 784,165 * Intracom Holdings SA............................... 23,370 9,172 JUMBO SA........................................... 30,650 291,226 * Lamda Development SA............................... 10,911 34,723 * Marfin Investment Group Holdings SA................ 371,966 66,202 Metka SA........................................... 13,580 137,818 Motor Oil Hellas Corinth Refineries SA............. 20,574 139,471 * Mytilineos Holdings SA............................. 9,396 53,318 * National Bank of Greece SA......................... 282,257 288,649 * National Bank of Greece SA ADR..................... 46,713 51,384 * Piraeus Bank SA.................................... 380,333 221,291 Piraeus Port Authority SA.......................... 988 11,021 * Public Power Corp. SA.............................. 23,407 127,261 Terna Energy SA.................................... 15,305 36,859 Titan Cement Co. SA................................ 9,067 202,440 ---------- TOTAL GREECE........................................... 3,759,769 ---------- HUNGARY -- (0.1%) * FHB Mortgage Bank P.L.C............................ 6,863 17,333 * Magyar Telekom Telecommunications P.L.C............ 131,598 170,740 MOL Hungarian Oil and Gas P.L.C.................... 9,104 364,363 OTP Bank P.L.C..................................... 66,636 883,604 ---------- TOTAL HUNGARY.......................................... 1,436,040 ---------- INDIA -- (10.0%) * 3M India, Ltd...................................... 173 18,977 Aarti Industries................................... 8,733 40,081 Aban Offshore, Ltd................................. 10,632 80,425 ABB India, Ltd..................................... 5,422 111,961 * ABG Shipyard, Ltd.................................. 2,790 9,217 ACC, Ltd........................................... 7,534 189,834 Adani Enterprises, Ltd............................. 82,550 850,562 Adani Ports & Special Economic Zone, Ltd........... 88,336 482,475 * Adani Power, Ltd................................... 293,095 245,179 Aditya Birla Nuvo, Ltd............................. 22,190 644,926 * Advanta, Ltd....................................... 4,030 21,632 Aegis Logistics, Ltd............................... 4,339 29,530 Agro Tech Foods, Ltd............................... 1,273 13,985 Ahmednagar Forgings, Ltd........................... 7,970 41,433 AIA Engineering, Ltd............................... 13,746 251,665 Akzo Nobel India, Ltd.............................. 2,710 65,361 Allahabad Bank..................................... 61,231 114,070 Allcargo Logistics, Ltd............................ 4,282 22,685 Alok Industries, Ltd............................... 324,602 52,323 Alstom India, Ltd.................................. 7,869 88,781 Amara Raja Batteries, Ltd.......................... 22,814 314,878 Ambuja Cements, Ltd................................ 241,406 982,946 Amtek Auto, Ltd.................................... 40,409 112,605 Amtek India, Ltd................................... 21,468 23,130 Anant Raj, Ltd..................................... 31,479 25,453 * Andhra Bank........................................ 78,945 116,575 1183 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Apar Industries, Ltd............................... 5,860 $ 35,041 Apollo Tyres, Ltd.................................. 144,407 562,295 Arvind, Ltd........................................ 54,665 254,935 * Ashok Leyland, Ltd................................. 419,001 443,936 Asian Paints, Ltd.................................. 83,289 1,152,423 Atul, Ltd.......................................... 5,847 121,525 Axis Bank, Ltd..................................... 294,871 2,791,626 Bajaj Auto, Ltd.................................... 24,902 958,974 Bajaj Corp., Ltd................................... 25,290 169,148 Bajaj Electricals, Ltd............................. 7,154 26,850 Bajaj Finance, Ltd................................. 500 32,597 Bajaj Finserv, Ltd................................. 12,691 296,529 * Bajaj Hindusthan, Ltd.............................. 124,005 38,035 Bajaj Holdings & Investment, Ltd................... 10,728 244,276 Balkrishna Industries, Ltd......................... 12,578 131,647 Ballarpur Industries, Ltd.......................... 146,169 37,160 Balmer Lawrie & Co., Ltd........................... 7,131 67,448 * Balrampur Chini Mills, Ltd......................... 46,572 45,904 Bank of Baroda..................................... 118,030 365,356 Bank of India...................................... 64,420 275,312 Bank Of Maharashtra................................ 36,741 24,685 Bannari Amman Sugars, Ltd.......................... 894 17,190 BASF India, Ltd.................................... 4,569 91,159 Bata India, Ltd.................................... 5,035 115,260 BEML, Ltd.......................................... 9,783 142,076 Berger Paints India, Ltd........................... 75,832 281,975 BGR Energy Systems, Ltd............................ 7,400 18,581 Bharat Forge, Ltd.................................. 32,540 541,519 Bharat Petroleum Corp., Ltd........................ 68,372 826,424 Bharti Airtel, Ltd................................. 226,536 1,365,614 Bhushan Steel, Ltd................................. 21,056 28,591 Birla Corp., Ltd................................... 9,090 77,706 Blue Dart Express, Ltd............................. 1,396 153,707 Blue Star, Ltd..................................... 9,721 52,748 Bombay Dyeing & Manufacturing Co., Ltd............. 56,063 73,273 Bosch, Ltd......................................... 1,147 441,754 Brigade Enterprises, Ltd........................... 10,446 28,373 Britannia Industries, Ltd.......................... 10,913 333,311 Cairn India, Ltd................................... 179,504 675,252 Canara Bank........................................ 41,321 293,997 Carborundum Universal, Ltd......................... 35,694 102,205 CCL Products India, Ltd............................ 17,741 54,327 Ceat, Ltd.......................................... 7,953 105,140 * Central Bank Of India.............................. 87,768 147,877 Century Plyboards India, Ltd....................... 31,384 93,323 Century Textiles & Industries, Ltd................. 23,215 214,348 CESC, Ltd.......................................... 36,213 424,518 Chambal Fertilizers & Chemicals, Ltd............... 94,336 92,125 * Chennai Petroleum Corp., Ltd....................... 16,461 20,581 City Union Bank, Ltd............................... 82,426 123,844 Clariant Chemicals India, Ltd...................... 4,265 62,409 CMC, Ltd........................................... 3,585 108,567 Colgate-Palmolive India, Ltd....................... 17,360 525,474 1184 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Container Corp. Of India, Ltd...................... 14,177 $321,145 Coromandel International, Ltd...................... 36,781 171,885 Corp. Bank......................................... 64,540 72,690 Cox & Kings, Ltd................................... 31,838 155,623 CRISIL, Ltd........................................ 3,081 104,148 Crompton Greaves, Ltd.............................. 104,106 317,926 Cummins India, Ltd................................. 23,778 341,388 Cyient, Ltd........................................ 18,662 162,624 Dabur India, Ltd................................... 106,718 441,536 Dalmia Bharat, Ltd................................. 25,540 197,757 DB Corp., Ltd...................................... 3,444 21,355 * DB Realty, Ltd..................................... 19,776 29,117 * DCB Bank, Ltd...................................... 73,400 139,710 DCM Shriram, Ltd................................... 36,958 87,574 Deepak Fertilisers & Petrochemicals Corp., Ltd..... 12,197 27,911 * DEN Networks, Ltd.................................. 11,158 19,543 Dena Bank.......................................... 66,087 60,804 * Dish TV India, Ltd................................. 204,106 260,416 Divi's Laboratories, Ltd........................... 17,838 503,442 DLF, Ltd........................................... 138,785 381,056 eClerx Services, Ltd............................... 6,889 143,339 Edelweiss Financial Services, Ltd.................. 101,952 113,950 Eicher Motors, Ltd................................. 1,921 502,725 * EID Parry India, Ltd............................... 27,419 85,896 EIH, Ltd........................................... 44,017 81,107 Emami, Ltd......................................... 22,952 339,570 Engineers India, Ltd............................... 30,229 105,676 Entertainment Network India, Ltd................... 2,514 22,341 * Eros International Media, Ltd...................... 14,053 81,960 Escorts, Ltd....................................... 35,569 73,782 * Ess Dee Aluminium, Ltd............................. 5,402 23,060 * Essar Oil, Ltd..................................... 93,590 167,978 Essar Ports, Ltd................................... 25,367 44,339 Essel Propack, Ltd................................. 31,577 61,219 Exide Industries, Ltd.............................. 137,094 410,868 FAG Bearings India, Ltd............................ 3,749 227,583 Federal Bank, Ltd.................................. 299,777 682,959 * Federal-Mogul Goetze India, Ltd.................... 3,768 26,428 Financial Technologies India, Ltd.................. 5,623 18,286 Finolex Cables, Ltd................................ 27,749 112,806 Finolex Industries, Ltd............................ 22,600 104,993 * Firstsource Solutions, Ltd......................... 144,720 66,318 * Future Consumer Enterprise, Ltd.................... 82,933 17,829 Future Retail, Ltd................................. 54,258 103,330 Gabriel India, Ltd................................. 36,952 61,641 GAIL India, Ltd.................................... 118,795 812,126 Gateway Distriparks, Ltd........................... 39,234 242,577 * Gitanjali Gems, Ltd................................ 13,227 9,975 Global Offshore Services, Ltd...................... 2,516 33,822 GMR Infrastructure, Ltd............................ 324,311 101,896 Godrej Consumer Products, Ltd...................... 28,358 483,643 Godrej Industries, Ltd.(B1BFBC9)................... 23,561 117,531 * Godrej Industries, Ltd............................. 19 95 1185 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Godrej Properties, Ltd............................. 26,741 $ 120,165 Graphite India, Ltd................................ 13,004 16,345 Grasim Industries, Ltd............................. 3,807 237,891 Great Eastern Shipping Co., Ltd. (The)............. 27,503 160,692 Greaves Cotton, Ltd................................ 37,079 86,673 Gruh Finance, Ltd.................................. 21,900 96,817 Gujarat Alkalies & Chemicals, Ltd.................. 7,954 24,758 Gujarat Fluorochemicals, Ltd....................... 8,036 94,501 * Gujarat Gas Co., Ltd............................... 11,464 120,848 Gujarat Mineral Development Corp., Ltd............. 34,866 68,948 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.............................................. 14,377 20,121 * Gujarat Pipavav Port, Ltd.......................... 62,657 207,975 Gujarat State Fertilisers & Chemicals, Ltd......... 73,343 118,406 Gujarat State Petronet, Ltd........................ 74,216 137,992 * GVK Power & Infrastructure, Ltd.................... 350,798 59,317 * Hathway Cable & Datacom, Ltd....................... 113,680 117,103 Havells India, Ltd................................. 108,451 451,177 * HCL Infosystems, Ltd............................... 30,430 24,728 HCL Technologies, Ltd.............................. 102,274 2,955,763 HDFC Bank, Ltd..................................... 198,696 3,448,413 HEG, Ltd........................................... 2,331 8,379 * HeidelbergCement India, Ltd........................ 33,038 46,933 Hero MotoCorp, Ltd................................. 21,307 985,025 * Hexa Tradex, Ltd................................... 6,867 2,940 Hexaware Technologies, Ltd......................... 92,749 337,865 * Himachal Futuristic Communications, Ltd............ 371,413 100,602 Himadri Chemicals & Industries, Ltd................ 9,654 3,689 Hindalco Industries, Ltd........................... 503,931 1,136,838 * Hindustan Construction Co., Ltd.................... 110,597 62,034 Hindustan Petroleum Corp., Ltd..................... 26,341 280,615 Hindustan Unilever, Ltd............................ 85,497 1,288,702 Honeywell Automation India, Ltd.................... 639 75,263 * Housing Development & Infrastructure, Ltd.......... 125,287 225,367 HSIL, Ltd.......................................... 13,284 85,274 HT Media, Ltd...................................... 27,555 60,140 ICICI Bank, Ltd.................................... 315,808 1,832,421 ICICI Bank, Ltd. Sponsored ADR..................... 150,395 1,806,244 IDBI Bank, Ltd..................................... 153,432 175,327 Idea Cellular, Ltd................................. 393,628 984,680 IDFC, Ltd.......................................... 88,855 246,736 IIFL Holdings, Ltd................................. 71,801 207,067 IL&FS Transportation Networks, Ltd................. 12,384 42,397 * India Cements, Ltd. (The).......................... 107,927 187,869 Indiabulls Housing Finance, Ltd.................... 39,333 373,271 Indian Bank........................................ 47,847 142,712 * Indian Hotels Co., Ltd............................. 144,123 281,250 Indian Oil Corp., Ltd.............................. 37,027 207,218 Indian Overseas Bank............................... 82,909 76,136 Indraprastha Gas, Ltd.............................. 19,290 143,921 IndusInd Bank, Ltd................................. 59,385 831,905 Info Edge India, Ltd............................... 2,859 38,962 Infosys, Ltd....................................... 128,564 4,418,881 Infosys, Ltd. Sponsored ADR........................ 63,530 2,165,102 1186 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) ING Vysya Bank, Ltd................................ 9,285 $ 137,914 Ingersoll-Rand India, Ltd.......................... 3,519 48,820 * Inox Leisure, Ltd.................................. 9,791 28,085 * Intellect Design Arena, Ltd........................ 24,242 42,664 IRB Infrastructure Developers, Ltd................. 66,117 287,366 Jagran Prakashan, Ltd.............................. 40,681 88,902 Jain Irrigation Systems, Ltd....................... 114,510 129,423 * Jaiprakash Power Ventures, Ltd..................... 256,079 49,972 Jammu & Kashmir Bank, Ltd. (The)................... 144,433 355,590 * Jaypee Infratech, Ltd.............................. 117,991 39,425 Jindal Saw, Ltd.................................... 92,052 119,476 * Jindal Stainless, Ltd.............................. 2,708 1,458 Jindal Steel & Power, Ltd.......................... 118,865 305,647 JK Cement, Ltd..................................... 7,337 82,333 JK Lakshmi Cement, Ltd............................. 13,600 85,239 JK Tyre & Industries, Ltd.......................... 53,863 105,317 JM Financial, Ltd.................................. 63,370 53,211 JSW Energy, Ltd.................................... 181,588 356,935 JSW Steel, Ltd..................................... 57,354 917,154 * Jubilant Foodworks, Ltd............................ 12,062 269,166 Kajaria Ceramics, Ltd.............................. 17,498 206,634 Kalpataru Power Transmission, Ltd.................. 15,545 58,577 Kansai Nerolac Paints, Ltd......................... 2,437 94,854 Karnataka Bank, Ltd. (The)......................... 80,196 183,950 Karur Vysya Bank, Ltd. (The)....................... 21,141 202,984 Kaveri Seed Co., Ltd............................... 13,670 160,889 KEC International, Ltd............................. 40,234 61,212 * Kesoram Industries, Ltd............................ 15,907 32,014 Kirloskar Oil Engines, Ltd......................... 38,849 168,283 Kotak Mahindra Bank, Ltd........................... 55,158 1,170,344 KPIT Technologies, Ltd............................. 47,545 159,053 KRBL, Ltd.......................................... 18,639 35,998 Lakshmi Machine Works, Ltd......................... 1,653 105,905 Lakshmi Vilas Bank, Ltd. (The)..................... 45,672 65,747 * Lanco Infratech, Ltd............................... 258,577 26,650 Larsen & Toubro, Ltd............................... 93,645 2,569,741 LIC Housing Finance, Ltd........................... 43,914 338,382 * Mahanagar Telephone Nigam, Ltd..................... 114,360 52,815 Maharashtra Seamless, Ltd.......................... 11,573 38,685 Mahindra Holidays & Resorts India, Ltd............. 10,098 42,512 Mahindra Lifespace Developers, Ltd................. 3,686 30,582 Marico, Ltd........................................ 48,083 280,311 Maruti Suzuki India, Ltd........................... 19,851 1,162,978 McLeod Russel India, Ltd........................... 26,026 85,936 MindTree, Ltd...................................... 27,617 588,687 Monsanto India, Ltd................................ 2,343 121,043 Motherson Sumi Systems, Ltd........................ 84,680 616,084 Motilal Oswal Financial Services, Ltd.............. 1,571 8,055 Mphasis, Ltd....................................... 25,278 147,791 MRF, Ltd........................................... 635 409,822 National Aluminium Co., Ltd........................ 155,904 114,115 Navneet Education, Ltd............................. 34,539 59,864 NCC, Ltd........................................... 225,317 275,167 1187 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) NESCO, Ltd......................................... 447 $ 11,770 Nestle India, Ltd.................................. 3,099 356,010 NHPC, Ltd.......................................... 462,195 143,889 NIIT Technologies, Ltd............................. 15,555 87,692 Nitin Fire Protection Industries, Ltd.............. 16,307 8,861 NTPC, Ltd.......................................... 403,791 933,916 Oberoi Realty, Ltd................................. 16,350 74,665 OCL India, Ltd..................................... 2,092 18,014 OMAXE, Ltd......................................... 23,757 48,489 * Opto Circuits India, Ltd........................... 1 -- Oracle Financial Services Software, Ltd............ 4,537 248,696 Orient Cement, Ltd................................. 10,368 31,754 Oriental Bank of Commerce.......................... 33,504 142,830 Page Industries, Ltd............................... 1,534 292,894 * Parsvnath Developers, Ltd.......................... 25,750 7,471 PC Jeweller, Ltd................................... 12,651 54,285 Peninsula Land, Ltd................................ 17,769 10,748 Persistent Systems, Ltd............................ 5,441 148,274 Petronet LNG, Ltd.................................. 85,160 246,731 Phoenix Mills, Ltd. (The).......................... 4,470 29,135 PI Industries, Ltd................................. 15,302 122,832 Pidilite Industries, Ltd........................... 42,790 391,934 * Pipavav Defence & Offshore Engineering Co., Ltd.... 43,598 34,514 Polaris Financial Technology, Ltd.................. 38,723 92,052 Power Grid Corp. of India, Ltd..................... 194,236 463,041 Praj Industries, Ltd............................... 43,560 43,930 Prestige Estates Projects, Ltd..................... 17,052 75,550 * Prism Cement, Ltd.................................. 30,789 51,276 Procter & Gamble Hygiene & Health Care, Ltd........ 1,198 121,320 PTC India Financial Services, Ltd.................. 102,303 103,468 PTC India, Ltd..................................... 143,472 230,286 * Punj Lloyd, Ltd.................................... 67,418 40,194 Punjab National Bank............................... 10,000 30,421 Puravankara Projects, Ltd.......................... 19,821 26,427 Rain Industries, Ltd............................... 42,467 25,764 Rallis India, Ltd.................................. 39,840 145,303 Ramco Cements, Ltd. (The).......................... 20,370 118,997 Ratnamani Metals & Tubes, Ltd...................... 2,105 23,761 Raymond, Ltd....................................... 21,233 174,219 Redington India, Ltd............................... 73,089 145,594 * REI Agro, Ltd...................................... 150,380 2,554 * Reliance Communications, Ltd....................... 197,305 252,617 Reliance Infrastructure, Ltd....................... 33,524 274,474 * Reliance Power, Ltd................................ 200,687 210,999 Rolta India, Ltd................................... 35,171 62,269 Ruchi Soya Industries, Ltd......................... 35,351 19,681 Sadbhav Engineering, Ltd........................... 13,589 62,707 * Schneider Electric Infrastructure, Ltd............. 5,931 15,127 Sesa Sterlite, Ltd................................. 373,188 1,211,930 Sesa Sterlite, Ltd. ADR............................ -- 5 * Shipping Corp. of India, Ltd....................... 81,682 73,954 Shree Cement, Ltd.................................. 2,788 494,343 * Shree Renuka Sugars, Ltd........................... 44,771 11,646 1188 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Shriram Transport Finance Co., Ltd................. 10,335 $ 190,471 Siemens, Ltd....................................... 25,770 438,752 Simplex Infrastructures, Ltd....................... 4,571 27,483 Sintex Industries, Ltd............................. 123,333 219,682 SJVN, Ltd.......................................... 141,492 58,029 SKF India, Ltd..................................... 5,253 127,048 Sobha, Ltd......................................... 26,482 199,968 Solar Industries India, Ltd........................ 979 49,006 Sonata Software, Ltd............................... 4,928 9,653 South Indian Bank, Ltd. (The)...................... 167,881 74,615 SRF, Ltd........................................... 8,714 133,850 Star Ferro and Cement, Ltd......................... 6,270 9,917 State Bank of Bikaner & Jaipur..................... 8,274 86,372 State Bank of India................................ 213,960 1,065,289 State Bank of India GDR............................ 2,394 118,678 State Bank of Travancore........................... 6,567 56,381 Sterlite Technologies, Ltd......................... 69,907 69,818 Sun TV Network, Ltd................................ 58,854 386,855 Sundram Fasteners, Ltd............................. 24,730 81,169 Supreme Industries, Ltd............................ 19,914 189,736 * Suzlon Energy, Ltd................................. 254,398 65,794 Syndicate Bank..................................... 78,885 148,762 Tata Chemicals, Ltd................................ 30,374 223,717 Tata Communications, Ltd........................... 25,948 171,621 Tata Consultancy Services, Ltd..................... 97,225 3,896,927 Tata Elxsi, Ltd.................................... 10,339 127,288 Tata Global Beverages, Ltd......................... 205,637 528,986 Tata Motors, Ltd................................... 173,692 1,641,513 Tata Motors, Ltd. Sponsored ADR.................... 24,475 1,207,107 Tata Power Co., Ltd................................ 301,441 444,009 Tata Steel, Ltd.................................... 166,150 1,046,588 * Tata Teleservices Maharashtra, Ltd................. 327,863 48,338 Tech Mahindra, Ltd................................. 40,759 1,899,917 Techno Electric & Engineering Co., Ltd............. 3,675 24,110 Texmaco Rail & Engineering, Ltd.................... 35,292 88,030 Thermax, Ltd....................................... 10,143 185,892 Timken India, Ltd.................................. 2,794 24,188 Titan Co., Ltd..................................... 46,614 321,255 Torrent Power, Ltd................................. 50,246 139,820 Transport Corp. of India, Ltd...................... 20,072 84,030 Tree House Education and Accessories, Ltd.......... 7,849 58,847 Trent, Ltd......................................... 2,317 54,343 Triveni Turbine, Ltd............................... 39,695 67,463 TTK Prestige, Ltd.................................. 897 48,668 Tube Investments of India, Ltd..................... 23,768 141,143 * TV18 Broadcast, Ltd................................ 257,802 144,164 TVS Motor Co., Ltd................................. 52,589 260,179 UCO Bank........................................... 92,115 111,619 Uflex, Ltd......................................... 10,981 26,890 Ultratech Cement, Ltd.............................. 8,594 435,523 Union Bank of India................................ 92,607 311,201 * Unitech, Ltd....................................... 628,689 188,541 UPL, Ltd........................................... 176,654 1,048,770 1189 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ INDIA -- (Continued) * Usha Martin, Ltd................................... 15,735 $ 7,579 V-Guard Industries, Ltd............................ 5,253 84,879 VA Tech Wabag, Ltd................................. 3,925 102,043 Vakrangee, Ltd..................................... 75,173 155,215 Vardhman Textiles, Ltd............................. 5,479 39,025 Videocon Industries, Ltd........................... 51,130 130,282 Vijaya Bank........................................ 67,325 53,400 VIP Industries, Ltd................................ 45,337 76,813 Voltas, Ltd........................................ 49,964 216,387 WABCO India, Ltd................................... 1,336 115,172 Welspun Corp., Ltd................................. 44,425 48,662 * Welspun Enterprises, Ltd........................... 2,221 10,628 Welspun India, Ltd................................. 7,561 46,295 Wipro, Ltd......................................... 168,307 1,642,422 Yes Bank, Ltd...................................... 72,986 1,012,643 Zee Entertainment Enterprises, Ltd................. 193,940 1,179,249 Zensar Technologies, Ltd........................... 4,240 44,631 Zydus Wellness, Ltd................................ 5,297 68,105 ------------ TOTAL INDIA............................................ 102,459,854 ------------ INDONESIA -- (3.5%) Ace Hardware Indonesia Tbk PT...................... 3,218,200 187,734 Adaro Energy Tbk PT................................ 7,622,000 598,905 Adhi Karya Persero Tbk PT.......................... 898,400 259,936 Agung Podomoro Land Tbk PT......................... 4,770,800 167,189 AKR Corporindo Tbk PT.............................. 324,800 120,036 Alam Sutera Realty Tbk PT.......................... 8,696,700 405,003 Aneka Tambang Persero Tbk PT....................... 2,223,700 185,943 Arwana Citramulia Tbk PT........................... 1,498,000 117,873 Asahimas Flat Glass Tbk PT......................... 2,000 1,322 Astra Agro Lestari Tbk PT.......................... 230,100 420,569 Astra Graphia Tbk PT............................... 236,000 35,015 Astra International Tbk PT......................... 5,334,200 3,284,566 * Bakrie and Brothers Tbk PT......................... 10,309,000 40,691 * Bakrie Telecom Tbk PT.............................. 4,450,000 17,565 * Bakrieland Development Tbk PT...................... 8,497,250 33,540 Bank Bukopin Tbk PT................................ 1,961,200 118,848 Bank Central Asia Tbk PT........................... 1,458,500 1,531,365 Bank Danamon Indonesia Tbk PT...................... 996,942 345,412 Bank Mandiri Persero Tbk PT........................ 2,204,072 1,898,602 Bank Negara Indonesia Persero Tbk PT............... 1,670,500 818,510 * Bank Pan Indonesia Tbk PT.......................... 1,444,000 120,625 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT............................................... 1,481,100 96,060 Bank Permata Tbk PT................................ 7,500 915 Bank Rakyat Indonesia Persero Tbk PT............... 3,674,500 3,362,097 Bank Tabungan Negara Persero Tbk PT................ 3,320,973 259,470 * Bank Tabungan Pensiunan Nasional Tbk PT............ 413,000 130,292 * Barito Pacific Tbk PT.............................. 711,500 17,282 * Bayan Resources Tbk PT............................. 13,000 7,268 Benakat Integra Tbk PT............................. 4,345,000 39,293 * Berau Coal Energy Tbk PT........................... 848,500 4,789 * Berlian Laju Tanker Tbk PT......................... 2,525,666 -- BISI International Tbk PT.......................... 645,500 53,439 1190 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------- INDONESIA -- (Continued) * Bumi Resources Minerals Tbk PT..................... 1,984,200 $ 43,860 Bumi Serpong Damai Tbk PT.......................... 3,061,200 485,335 BW Plantation Tbk PT............................... 1,110,500 31,052 Charoen Pokphand Indonesia Tbk PT.................. 1,900,515 590,292 Ciputra Development Tbk PT......................... 4,083,700 460,470 Ciputra Property Tbk PT............................ 1,595,500 102,802 Ciputra Surya Tbk PT............................... 430,000 101,371 Citra Marga Nusaphala Persada Tbk PT............... 603,500 133,061 * Darma Henwa Tbk PT................................. 3,026,500 11,946 * Delta Dunia Makmur Tbk PT.......................... 3,131,000 38,713 Elnusa Tbk PT...................................... 2,372,000 105,968 * Energi Mega Persada Tbk PT......................... 19,727,600 161,334 * Erajaya Swasembada Tbk PT.......................... 822,600 77,882 * Exploitasi Energi Indonesia Tbk PT................. 1,976,500 17,953 Express Transindo Utama Tbk PT..................... 956,700 73,063 * Fajar Surya Wisesa Tbk PT.......................... 146,000 19,287 Gajah Tunggal Tbk PT............................... 1,194,100 137,095 * Garuda Indonesia Persero Tbk PT.................... 2,813,846 131,949 Global Mediacom Tbk PT............................. 3,437,100 501,325 * Golden Eagle Energy Tbk PT......................... 120,750 17,008 * Hanson International Tbk PT........................ 3,878,800 216,741 Harum Energy Tbk PT................................ 645,200 77,076 Hexindo Adiperkasa Tbk PT.......................... 121,000 36,233 Holcim Indonesia Tbk PT............................ 724,000 112,068 Indah Kiat Pulp & Paper Corp. Tbk PT............... 872,300 74,676 * Indika Energy Tbk PT............................... 589,500 22,798 Indo Tambangraya Megah Tbk PT...................... 200,500 264,189 Indocement Tunggal Prakarsa Tbk PT................. 357,500 644,391 Indofood CBP Sukses Makmur Tbk PT.................. 98,600 112,436 Indofood Sukses Makmur Tbk PT...................... 1,506,200 895,316 * Indosat Tbk PT..................................... 356,300 115,226 * Inovisi Infracom Tbk PT............................ 668,445 6,217 Intiland Development Tbk PT........................ 4,907,400 239,245 Japfa Comfeed Indonesia Tbk PT..................... 2,568,800 179,299 Jasa Marga Persero Tbk PT.......................... 573,600 324,557 Kawasan Industri Jababeka Tbk PT................... 10,078,014 240,673 * Krakatau Steel Persero Tbk PT...................... 1,122,400 41,166 * Lippo Cikarang Tbk PT.............................. 307,200 277,460 Malindo Feedmill Tbk PT............................ 449,100 76,931 Matahari Putra Prima Tbk PT........................ 791,800 237,206 Mayora Indah Tbk PT................................ 121,333 231,988 Medco Energi Internasional Tbk PT.................. 938,100 230,991 Media Nusantara Citra Tbk PT....................... 1,859,400 418,346 Mitra Adiperkasa Tbk PT............................ 561,400 259,493 MNC Investama Tbk PT............................... 9,621,600 213,415 MNC Sky Vision Tbk PT.............................. 269,000 36,111 Modern Internasional Tbk PT........................ 312,000 15,943 Modernland Realty Tbk PT........................... 4,663,300 194,706 Multipolar Tbk PT.................................. 3,535,300 234,608 Multistrada Arah Sarana Tbk PT..................... 33,500 975 Nippon Indosari Corpindo Tbk PT.................... 392,500 42,514 * Nusantara Infrastructure Tbk PT.................... 4,397,000 65,677 Pakuwon Jati Tbk PT................................ 8,896,500 348,851 1191 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDONESIA -- (Continued) Pan Brothers Tbk PT................................ 2,313,800 $ 82,469 * Panin Financial Tbk PT............................. 10,885,500 233,107 * Paninvest Tbk PT................................... 992,000 57,082 Pembangunan Perumahan Persero Tbk PT............... 1,117,500 342,332 Perusahaan Gas Negara Persero Tbk PT............... 2,343,300 930,913 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT............................................... 2,366,200 342,493 Ramayana Lestari Sentosa Tbk PT.................... 1,905,700 123,133 Resource Alam Indonesia Tbk PT..................... 116,500 9,586 Salim Ivomas Pratama Tbk PT........................ 1,533,800 83,603 Samindo Resources Tbk PT........................... 62,250 2,108 Sampoerna Agro PT.................................. 234,500 34,795 Selamat Sempurna Tbk PT............................ 259,500 98,662 Semen Baturaja Persero Tbk PT...................... 1,485,800 43,464 Semen Indonesia Persero Tbk PT..................... 754,200 862,481 * Sentul City Tbk PT................................. 21,702,400 195,080 Sinar Mas Agro Resources & Technology Tbk PT....... 36,000 19,482 Sinar Mas Multiartha Tbk PT........................ 16,500 5,196 Sri Rejeki Isman Tbk PT............................ 4,252,800 52,090 * Sugih Energy Tbk PT................................ 5,721,700 187,817 Summarecon Agung Tbk PT............................ 3,181,064 411,247 Surya Citra Media Tbk PT........................... 907,300 243,556 Surya Semesta Internusa Tbk PT..................... 2,085,600 179,723 * Suryainti Permata Tbk PT........................... 1,280,000 -- Tambang Batubara Bukit Asam Persero Tbk PT......... 436,521 390,131 Telekomunikasi Indonesia Persero Tbk PT............ 686,900 152,490 Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR.............................................. 50,608 2,231,813 Tiga Pilar Sejahtera Food Tbk...................... 786,700 133,136 Timah Persero Tbk PT............................... 2,070,831 190,587 * Tiphone Mobile Indonesia Tbk PT.................... 887,000 71,779 Total Bangun Persada Tbk PT........................ 725,400 62,953 Tower Bersama Infrastructure Tbk PT................ 627,600 469,931 * Trada Maritime Tbk PT.............................. 946,500 9,897 * Truba Alam Manunggal Engineering PT................ 3,328,000 2,627 Tunas Baru Lampung Tbk PT.......................... 917,400 50,617 Tunas Ridean Tbk PT................................ 238,000 12,561 Ultrajaya Milk Industry & Trading Co. Tbk PT....... 203,000 66,084 Unilever Indonesia Tbk PT.......................... 306,500 862,798 United Tractors Tbk PT............................. 555,395 781,529 Vale Indonesia Tbk PT.............................. 1,443,000 391,080 * Visi Media Asia Tbk PT............................. 3,034,800 105,153 Waskita Karya Persero Tbk PT....................... 649,200 87,087 Wijaya Karya Persero Tbk PT........................ 871,000 255,539 Wintermar Offshore Marine Tbk PT................... 294,500 16,525 XL Axiata Tbk PT................................... 1,628,900 615,092 ----------- TOTAL INDONESIA........................................ 35,909,270 ----------- MALAYSIA -- (3.8%) Aeon Co. M Bhd..................................... 250,100 205,567 Aeon Credit Service M Bhd.......................... 2,160 7,431 Affin Holdings Bhd................................. 266,470 210,636 AirAsia Bhd........................................ 576,400 444,531 * Alam Maritim Resources Bhd......................... 212,100 37,282 Alliance Financial Group Bhd....................... 434,700 572,252 1192 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- MALAYSIA -- (Continued) AMMB Holdings Bhd.................................. 802,675 $1,384,794 Amway Malaysia Hldgs Bhd........................... 16,600 50,247 Ann Joo Resources Bhd.............................. 54,000 16,663 APM Automotive Holdings Bhd........................ 22,800 31,129 Astro Malaysia Holdings Bhd........................ 483,400 388,616 Axiata Group Bhd................................... 607,050 1,202,900 Batu Kawan Bhd..................................... 32,100 162,419 Benalec Holdings Bhd............................... 227,000 52,046 BIMB Holdings Bhd.................................. 291,231 329,759 Bonia Corp. Bhd.................................... 304,400 79,839 #* Bumi Armada Bhd.................................... 756,300 250,186 Bursa Malaysia Bhd................................. 111,900 252,279 Cahya Mata Sarawak Bhd............................. 212,300 245,315 Can-One Bhd........................................ 18,800 12,272 CB Industrial Product Holding Bhd.................. 161,780 93,050 # CIMB Group Holdings Bhd............................ 839,987 1,271,709 Coastal Contracts Bhd.............................. 153,900 123,824 Cypark Resources Bhd............................... 54,200 27,512 Daibochi Plastic & Packaging Industry Bhd.......... 2,100 2,674 * Daya Materials Bhd................................. 274,800 11,325 Dayang Enterprise Holdings Bhd..................... 186,050 139,263 # Dialog Group Bhd................................... 609,214 271,358 DiGi.Com Bhd....................................... 731,000 1,291,538 DKSH Holdings Malaysia Bhd......................... 15,200 26,294 DRB-Hicom Bhd...................................... 516,100 253,597 Dutch Lady Milk Industries Bhd..................... 4,900 63,475 Eastern & Oriental Bhd............................. 368,830 232,168 Fraser & Neave Holdings Bhd........................ 9,100 46,366 # Gamuda Bhd......................................... 216,600 302,752 Genting Plantations Bhd............................ 39,700 111,258 # Globetronics Technology Bhd........................ 134,200 177,554 Glomac Bhd......................................... 119,700 32,633 * Goldis Bhd......................................... 10,502 6,427 * Guan Chong Bhd..................................... 21,800 5,650 GuocoLand Malaysia Bhd............................. 34,800 12,321 Hai-O Enterprise Bhd............................... 39,400 26,025 HAP Seng Consolidated Bhd.......................... 279,820 339,950 Hap Seng Plantations Holdings Bhd.................. 90,600 63,545 Hartalega Holdings Bhd............................. 120,700 252,227 Hock Seng LEE BHD.................................. 37,600 17,496 Hong Leong Bank Bhd................................ 136,540 526,575 Hong Leong Financial Group Bhd..................... 105,200 488,983 Hong Leong Industries Bhd.......................... 33,700 40,770 Hua Yang Bhd....................................... 96,533 57,027 * Hume Industries Bhd................................ 54,108 54,291 Hup Seng Industries Bhd............................ 33,800 8,653 I Bhd.............................................. 59,800 10,076 # IJM Corp. Bhd...................................... 693,057 1,317,894 # IJM Land Bhd....................................... 208,200 204,555 IJM Plantations Bhd................................ 99,000 95,227 # Inari Amertron Bhd................................. 177,100 139,469 # Insas Bhd.......................................... 244,413 53,970 # IOI Corp. Bhd...................................... 673,005 872,126 1193 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- MALAYSIA -- (Continued) # IOI Properties Group Bhd............................. 190,169 $ 107,705 #* Iris Corp. Bhd....................................... 539,700 50,196 * Iskandar Waterfront City Bhd......................... 100,100 37,951 * JAKS Resources Bhd................................... 278,400 38,950 Jaya Tiasa Holdings Bhd.............................. 183,405 93,302 JCY International Bhd................................ 338,200 65,006 * K&N Kenanga Holdings Bhd............................. 81,000 14,332 Kian JOO CAN Factory Bhd............................. 90,700 73,723 Kim Loong Resources Bhd.............................. 50,920 38,673 Kimlun Corp. Bhd..................................... 45,400 16,222 #* KNM Group Bhd........................................ 1,042,987 170,371 KSL Holdings Bhd..................................... 254,800 140,572 Kuala Lumpur Kepong Bhd.............................. 122,450 763,963 Kulim Malaysia Bhd................................... 178,600 149,493 * Kumpulan Europlus Bhd................................ 56,300 16,585 Kumpulan Perangsang Selangor Bhd..................... 191,700 79,161 Land & General BHD................................... 493,900 71,070 * Landmarks Bhd........................................ 139,100 39,758 LBS Bina Group Bhd................................... 118,100 50,052 Lingkaran Trans Kota Holdings Bhd.................... 69,500 72,232 Lion Industries Corp. Bhd............................ 240,400 32,365 LPI Capital Bhd...................................... 12,800 72,677 # Mah Sing Group Bhd................................... 426,279 223,746 Malayan Banking Bhd.................................. 1,109,937 2,664,605 Malayan Flour Mills Bhd.............................. 90,600 41,337 # Malaysia Airports Holdings Bhd....................... 221,240 435,813 Malaysia Marine and Heavy Engineering Holdings Bhd... 213,400 92,183 Malaysian Bulk Carriers Bhd.......................... 271,325 105,862 Malaysian Pacific Industries Bhd..................... 48,463 76,971 Malaysian Resources Corp. Bhd........................ 1,049,600 389,204 Malton Bhd........................................... 103,400 23,703 Matrix Concepts Holdings Bhd......................... 76,700 57,955 # Maxis Bhd............................................ 442,500 864,023 MBM Resources Bhd.................................... 80,330 69,775 Media Chinese International, Ltd..................... 100,600 19,383 # Media Prima Bhd...................................... 319,500 164,399 Mega First Corp. BHD................................. 46,000 29,869 MK Land Holdings BHD................................. 360,900 42,083 MKH Bhd.............................................. 96,960 72,902 MMC Corp. Bhd........................................ 482,100 321,380 MNRB Holdings Bhd.................................... 27,600 29,553 * MPHB Capital Bhd..................................... 39,500 23,213 Mudajaya Group Bhd................................... 93,600 41,709 # Muhibbah Engineering M Bhd........................... 199,200 103,856 #* Mulpha International Bhd............................. 522,100 50,988 # My EG Services Bhd................................... 263,400 185,195 Naim Holdings Bhd.................................... 123,300 101,667 NCB Holdings Bhd..................................... 1,300 897 Nestle Malaysia Bhd.................................. 4,900 96,489 Oldtown Bhd.......................................... 210,925 95,642 OSK Holdings Bhd..................................... 333,809 177,749 Padini Holdings Bhd.................................. 339,900 136,567 Panasonic Manufacturing Malaysia Bhd................. 13,100 74,052 1194 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- MALAYSIA -- (Continued) Pantech Group Holdings Bhd......................... 83,200 $ 16,579 Paramount Corp. Bhd................................ 69,500 27,749 * Parkson Holdings Bhd............................... 299,753 204,653 Perdana Petroleum Bhd.............................. 356,440 111,489 * Perisai Petroleum Teknologi Bhd.................... 693,000 89,882 Pharmaniaga Bhd.................................... 44,200 59,598 PJ Development Holdings Bhd........................ 126,900 51,239 Pos Malaysia Bhd................................... 153,300 197,961 # PPB Group Bhd...................................... 128,000 511,890 Press Metal Bhd.................................... 257,700 190,965 # Prestariang Bhd.................................... 201,400 101,726 Protasco Bhd....................................... 84,900 36,157 # Public Bank Bhd.................................... 448,370 2,239,610 * Puncak Niaga Holding Bhd........................... 86,200 62,591 QL Resources Bhd................................... 187,450 180,217 RHB Capital Bhd.................................... 247,727 556,736 * Rimbunan Sawit Bhd................................. 239,000 36,808 # Salcon Bhd......................................... 264,800 47,205 # Sapurakencana Petroleum Bhd........................ 1,682,511 1,236,749 Sarawak Oil Palms Bhd.............................. 24,900 38,466 Sarawak Plantation Bhd............................. 6,400 3,834 Scientex Bhd....................................... 41,400 75,592 * Scomi Energy Services Bhd.......................... 387,900 60,598 Selangor Dredging Bhd.............................. 150,900 44,472 Selangor Properties Bhd............................ 2,100 3,228 Shangri-La Hotels Malaysia Bhd..................... 101,700 191,401 * Shell Refining Co. Federation of Malaya Bhd........ 34,700 52,787 SHL Consolidated Bhd............................... 98,500 82,329 SP Setia Bhd Group................................. 163,917 158,992 Star Publications Malaysia Bhd..................... 87,900 61,662 * Subur Tiasa Holdings Bhd........................... 50,315 27,227 Sunway Bhd......................................... 409,500 375,094 Supermax Corp. Bhd................................. 303,250 187,673 Suria Capital Holdings Bhd......................... 18,100 11,349 Syarikat Takaful Malaysia Bhd...................... 36,600 119,343 Symphony Life Bhd.................................. 59,865 13,789 Ta Ann Holdings Bhd................................ 86,289 89,770 TA Enterprise Bhd.................................. 462,600 94,721 TA Global Bhd...................................... 448,080 39,978 * Talam Transform Bhd................................ 182,500 3,972 Tambun Indah Land Bhd.............................. 121,700 62,086 TAN Chong Motor Holdings Bhd....................... 103,100 94,755 * Tanjung Offshore Bhd............................... 62,300 7,326 Tasek Corp. Bhd.................................... 2,100 8,866 # Telekom Malaysia Bhd............................... 300,492 578,057 Tenaga Nasional Bhd................................ 601,000 2,397,102 * TH Heavy Engineering Bhd........................... 200,600 18,382 TH Plantations Bhd................................. 61,320 26,922 Tiong NAM Logistics Holdings....................... 55,000 19,129 Top Glove Corp. Bhd................................ 202,100 277,785 Tropicana Corp. Bhd................................ 238,100 68,744 # TSH Resources Bhd.................................. 258,900 159,892 Tune Ins Holdings Bhd.............................. 106,900 53,214 1195 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- MALAYSIA -- (Continued) Uchi Technologies Bhd.............................. 51,700 $ 21,176 # UEM Sunrise Bhd.................................... 710,864 247,839 UMW Holdings Bhd................................... 243,500 731,317 Unisem M Bhd....................................... 301,230 168,134 United Malacca Bhd................................. 20,100 35,078 United Plantations Bhd............................. 21,300 143,729 # UOA Development Bhd................................ 201,000 116,313 Uzma Bhd........................................... 75,200 40,148 VS Industry Bhd.................................... 56,245 55,563 Wah Seong Corp. Bhd................................ 274,779 98,078 WCT Holdings Bhd................................... 520,288 228,752 Wellcall Holdings Bhd.............................. 56,200 27,805 Wing Tai Malaysia Bhd.............................. 13,400 6,275 WTK Holdings Bhd................................... 175,000 54,821 # Yinson Holdings BHD................................ 84,000 65,628 YNH Property Bhd................................... 150,951 80,108 # YTL Corp. Bhd...................................... 2,810,064 1,362,924 YTL E-Solutions Bhd................................ 48,400 7,162 * YTL Land & Development Bhd......................... 61,900 13,986 YTL Power International Bhd........................ 342,451 150,857 Zhulian Corp. Bhd.................................. 58,200 33,713 ----------- TOTAL MALAYSIA......................................... 39,172,646 ----------- MEXICO -- (5.0%) Alfa S.A.B. de C.V. Class A........................ 1,036,503 1,891,906 # Alpek S.A.B. de C.V................................ 62,437 69,562 #* Alsea S.A.B. de C.V................................ 207,749 555,634 America Movil S.A.B. de C.V. Series L.............. 4,158,191 4,455,155 America Movil S.A.B. de C.V. Series L ADR.......... 116,929 2,501,111 # Arca Continental S.A.B. de C.V..................... 152,506 904,485 #* Axtel S.A.B. de C.V................................ 418,560 94,940 Banregio Grupo Financiero S.A.B. de C.V............ 107,681 558,035 * Bio Pappel S.A.B. de C.V........................... 25,132 37,724 Bolsa Mexicana de Valores S.A.B. de C.V............ 196,254 323,915 * Cemex S.A.B. de C.V................................ 2,104,350 1,868,568 * Cemex S.A.B. de C.V. Sponsored ADR................. 209,584 1,863,204 * Cia Minera Autlan S.A.B. de C.V. Series B.......... 31,640 32,084 # Coca-Cola Femsa S.A.B. de C.V. Series L............ 21,690 176,536 # Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR....... 7,735 628,778 # Compartamos S.A.B. de C.V.......................... 129,600 246,153 #* Consorcio ARA S.A.B. de C.V. Series *.............. 545,346 233,572 Controladora Comercial Mexicana S.A.B. de C.V...... 172,252 522,864 * Corp. GEO S.A.B. de C.V. Series B.................. 185,607 1,856 Corp. Inmobiliaria Vesta S.A.B. de C.V............. 108,893 210,674 Corp. Moctezuma S.A.B. de C.V. Series *............ 87,200 264,692 #* Desarrolladora Homex S.A.B. de C.V................. 45,100 1,353 El Puerto de Liverpool S.A.B. de C.V............... 53,060 541,980 #* Empresas ICA S.A.B. de C.V......................... 187,100 194,720 #* Empresas ICA S.A.B. de C.V. Sponsored ADR.......... 61,340 253,334 * Financiera Independencia S.A.B. de C.V............. 21,447 8,413 * Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR.................................... 45,092 3,767,888 Gruma S.A.B. de C.V. Class B....................... 117,718 1,260,465 #* Grupo Aeromexico S.A.B. de C.V..................... 36,600 54,645 1196 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- MEXICO -- (Continued) Grupo Aeroportuario del Centro Norte S.A.B. de C.V... 88,473 $ 407,556 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR.. 7,986 530,350 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B............................................ 109,610 724,737 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR... 7,517 984,050 Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B............................................ 31,887 418,225 * Grupo Bimbo S.A.B. de C.V. Series A.................. 402,501 1,024,143 Grupo Carso S.A.B. de C.V. Series A1................. 157,253 692,713 # Grupo Comercial Chedraui S.A. de C.V................. 125,496 348,286 Grupo Elektra S.A.B. de C.V.......................... 7,342 272,089 #* Grupo Famsa S.A.B. de C.V. Class A................... 131,517 80,896 # Grupo Financiero Banorte S.A.B. de C.V............... 431,909 2,199,381 Grupo Financiero Inbursa S.A.B. de C.V............... 596,180 1,541,211 Grupo Financiero Interacciones S.A. de C.V........... 11,830 78,298 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B............................................ 133,480 283,087 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR........................................ 40,684 430,437 # Grupo Herdez S.A.B. de C.V. Series *................. 77,150 177,569 Grupo KUO S.A.B. de C.V. Series B.................... 28,600 48,521 Grupo Mexico S.A.B. de C.V. Series B................. 1,214,567 3,202,221 * Grupo Pochteca S.A.B. de C.V......................... 23,090 19,856 # Grupo Sanborns S.A.B. de C.V......................... 25,309 38,733 #* Grupo Simec S.A.B. de C.V. Series B.................. 101,749 282,653 #* Grupo Simec S.A.B. de C.V. Sponsored ADR............. 2,821 23,245 * Grupo Sports World S.A.B. de C.V..................... 16,500 28,510 Grupo Televisa S.A.B. Series CPO..................... 280,723 1,830,472 Grupo Televisa S.A.B. Sponsored ADR.................. 76,164 2,483,708 #* Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V............................... 166,860 420,336 Industrias Bachoco S.A.B. de C.V. ADR................ 3,056 149,255 # Industrias Bachoco S.A.B. de C.V. Series B........... 37,569 154,141 #* Industrias CH S.A.B. de C.V. Series B................ 112,541 461,741 Industrias Penoles S.A.B. de C.V..................... 37,832 754,116 Infraestructura Energetica Nova S.A.B. de C.V........ 63,632 302,124 # Kimberly-Clark de Mexico S.A.B. de C.V. Class A...... 526,576 1,023,678 #* Maxcom Telecomunicaciones S.A.B. de C.V.............. 38,800 5,306 Megacable Holdings S.A.B. de C.V..................... 101,238 368,494 #* Mexichem S.A.B. de C.V............................... 310,977 865,329 #* Minera Frisco S.A.B. de C.V.......................... 168,558 222,428 #* OHL Mexico S.A.B. de C.V............................. 299,571 568,584 # Organizacion Cultiba S.A.B. de C.V................... 24,314 28,808 # Organizacion Soriana S.A.B. de C.V. Class B.......... 245,520 568,859 * Promotora y Operadora de Infraestructura S.A.B. de C.V................................................ 99,249 1,114,354 # Qualitas Controladora S.A.B. de C.V.................. 18,400 35,598 TV Azteca S.A.B. de C.V.............................. 353,304 141,421 #* Urbi Desarrollos Urbanos S.A.B. de C.V............... 102,404 31 Wal-Mart de Mexico S.A.B. de C.V. Series V........... 1,114,598 2,149,707 ----------- TOTAL MEXICO............................................. 51,009,503 ----------- PERU -- (0.2%) Cementos Pacasmayo SAA ADR........................... 1,200 10,152 Cia de Minas Buenaventura SAA ADR.................... 15,794 180,368 Credicorp, Ltd....................................... 11,864 1,709,840 Grana y Montero SAA Sponsored ADR.................... 9,780 101,516 1197 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- PERU -- (Continued) #* Rio Alto Mining, Ltd............................... 42,622 $ 122,325 ---------- TOTAL PERU............................................. 2,124,201 ---------- PHILIPPINES -- (1.5%) Aboitiz Equity Ventures, Inc....................... 408,970 523,924 Aboitiz Power Corp................................. 237,000 238,359 Atlas Consolidated Mining & Development............ 168,700 35,956 Ayala Corp......................................... 37,901 622,771 Ayala Land, Inc.................................... 1,051,260 856,174 Bank of the Philippine Islands..................... 190,556 426,778 BDO Unibank, Inc................................... 294,276 763,748 Belle Corp......................................... 1,443,000 150,210 Cebu Air, Inc...................................... 70,340 150,955 China Banking Corp................................. 101,300 107,868 D&L Industries, Inc................................ 209,300 80,438 DMCI Holdings, Inc................................. 1,276,950 445,424 EEI Corp........................................... 134,000 33,405 * Empire East Land Holdings, Inc..................... 1,223,000 25,202 Energy Development Corp............................ 3,540,500 684,715 Filinvest Land, Inc................................ 5,665,000 215,343 First Gen Corp..................................... 629,400 443,447 First Philippine Holdings Corp..................... 123,310 275,914 Globe Telecom, Inc................................. 9,855 388,992 JG Summit Holdings, Inc............................ 183,400 272,458 Jollibee Foods Corp................................ 123,190 646,751 * Lepanto Consolidated Mining Co..................... 1,834,182 11,277 Lopez Holdings Corp................................ 1,165,300 196,316 Manila Electric Co................................. 38,510 239,253 Manila Water Co., Inc.............................. 345,000 253,218 * Megawide Construction Corp......................... 140,174 26,333 Megaworld Corp..................................... 5,289,500 620,368 Metropolitan Bank & Trust Co....................... 105,930 228,196 * Pepsi-Cola Products Philippines, Inc............... 622,300 56,268 Petron Corp........................................ 384,500 79,355 * Philex Petroleum Corp.............................. 10,900 1,277 Philippine Long Distance Telephone Co.............. 3,310 222,715 Philippine Long Distance Telephone Co. Sponsored ADR.............................................. 9,577 638,786 * Philippine National Bank........................... 145,332 276,933 Philippine Stock Exchange, Inc. (The).............. 5,304 42,631 Phoenix Petroleum Philippines, Inc................. 136,240 11,176 Puregold Price Club, Inc........................... 206,300 196,101 RFM Corp........................................... 243,000 33,088 Rizal Commercial Banking Corp...................... 141,464 152,432 Robinsons Land Corp................................ 833,700 524,739 San Miguel Corp.................................... 144,770 249,643 Security Bank Corp................................. 112,666 387,640 Semirara Mining and Power Corp..................... 103,350 343,953 SM Investments Corp................................ 35,960 756,053 SM Prime Holdings, Inc............................. 1,370,112 575,887 * Top Frontier Investment Holdings, Inc.............. 10,142 26,412 Trans-Asia Oil & Energy Development Corp........... 388,000 20,503 Union Bank of the Philippines...................... 98,142 159,666 Universal Robina Corp.............................. 158,980 745,868 1198 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- PHILIPPINES -- (Continued) Vista Land & Lifescapes, Inc....................... 1,963,000 $ 306,107 ----------- TOTAL PHILIPPINES...................................... 14,771,026 ----------- POLAND -- (1.9%) Action SA.......................................... 1,636 21,656 * Agora SA........................................... 10,159 25,039 * Alchemia SA........................................ 11,709 15,801 * Alior Bank SA...................................... 10,120 234,118 Amica Wronki SA.................................... 597 17,295 * AmRest Holdings SE................................. 2,794 86,711 Apator SA.......................................... 3,816 36,289 # Asseco Poland SA................................... 27,971 414,358 Bank Handlowy w Warszawie SA....................... 13,317 388,273 Bank Millennium SA................................. 172,837 348,887 Bank Pekao SA...................................... 16,638 802,537 Bank Zachodni WBK SA............................... 4,957 461,210 * Boryszew SA........................................ 79,642 123,607 Budimex SA......................................... 3,581 149,379 CCC SA............................................. 7,688 319,085 #* CD Projekt SA...................................... 22,187 96,747 Ciech SA........................................... 17,408 232,770 Cyfrowy Polsat SA.................................. 36,467 234,284 * Echo Investment SA................................. 43,544 77,503 # Eko Export SA...................................... 5,058 33,693 Elektrobudowa SA................................... 39 859 Emperia Holding SA................................. 3,083 44,898 Enea SA............................................ 39,857 177,086 # Eurocash SA........................................ 35,179 349,119 Fabryki Mebli Forte SA............................. 4,417 62,883 Famur SA........................................... 20,638 18,382 Firma Oponiarska Debica SA......................... 1,289 31,194 * Getin Holding SA................................... 119,831 63,287 * Getin Noble Bank SA................................ 372,849 200,214 * Global City Holdings NV............................ 439 5,003 Grupa Azoty SA..................................... 8,770 167,709 Grupa Azoty Zaklady Chemiczne Police SA............ 3,091 16,847 Grupa Kety SA...................................... 2,329 172,689 * Grupa Lotos SA..................................... 53,365 350,909 * Hawe SA............................................ 30,550 15,458 * Impexmetal SA...................................... 60,302 43,038 ING Bank Slaski SA................................. 9,305 339,009 * Integer.pl SA...................................... 653 29,499 Inter Cars SA...................................... 702 40,635 #* Jastrzebska Spolka Weglowa SA...................... 8,242 47,083 * Kernel Holding SA.................................. 15,320 128,666 KGHM Polska Miedz SA............................... 51,809 1,468,763 * Kopex SA........................................... 6,846 19,944 * KRUK SA............................................ 1,136 35,236 * LC Corp. SA........................................ 15,461 7,678 LPP SA............................................. 251 507,678 Lubelski Wegiel Bogdanka SA........................ 15,969 418,999 mBank.............................................. 2,819 356,432 #* Midas SA........................................... 61,466 9,442 1199 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- POLAND -- (Continued) Netia SA........................................... 116,934 $ 188,657 Neuca SA........................................... 889 63,154 # Orange Polska SA................................... 249,511 601,904 Orbis SA........................................... 5,719 65,791 Pelion SA.......................................... 2,616 59,483 PGE SA............................................. 222,688 1,166,841 * Polimex-Mostostal SA............................... 92,257 2,242 * Polnord SA......................................... 9,480 18,549 * Polski Koncern Miesny Duda SA...................... 3,271 6,409 Polski Koncern Naftowy Orlen SA.................... 107,523 1,586,455 Polskie Gornictwo Naftowe i Gazownictwo SA......... 456,050 538,140 Powszechna Kasa Oszczednosci Bank Polski SA........ 319,870 2,959,494 Powszechny Zaklad Ubezpieczen SA................... 12,510 1,701,360 * Rafako SA.......................................... 13,729 21,646 Stalprodukt SA..................................... 290 27,596 Synthos SA......................................... 203,339 235,635 Tauron Polska Energia SA........................... 372,563 501,234 * Trakcja SA......................................... 23,580 58,768 #* TVN SA............................................. 49,152 234,707 * Vistula Group SA................................... 18,440 10,018 Warsaw Stock Exchange.............................. 10,259 128,119 Wawel SA........................................... 202 53,385 Zespol Elektrowni Patnow Adamow Konin SA........... 2,460 18,308 ----------- TOTAL POLAND........................................... 19,495,776 ----------- RUSSIA -- (0.9%) Etalon Group, Ltd. GDR............................. 32,436 68,116 Eurasia Drilling Co., Ltd. GDR..................... 24,216 460,104 Gazprom OAO Sponsored ADR.......................... 502,508 2,017,111 Globaltrans Investment P.L.C. GDR.................. 10,944 49,373 Lukoil OAO Sponsored ADR........................... 40,254 1,582,761 Magnitogorsk Iron & Steel Works OJSC GDR........... 30,447 74,874 * Mail.ru Group, Ltd. GDR............................ 4,080 58,455 * Mechel Sponsored ADR............................... 9,076 11,799 MMC Norilsk Nickel OJSC ADR........................ 33,484 551,887 Novolipetsk Steel OJSC GDR......................... 6,524 85,013 Novorossiysk Commercial Sea Port PJSC GDR.......... 11,547 16,671 O'Key Group SA GDR................................. 6,334 21,280 Phosagro OAO GDR................................... 6,301 68,968 PIK Group GDR...................................... 32,068 87,427 Rosneft OAO GDR.................................... 149,390 484,198 Rostelecom OJSC Sponsored ADR...................... 11,118 78,053 RusHydro JSC ADR................................... 242,650 183,443 Sberbank of Russia Sponsored ADR................... 233,519 860,612 Severstal PAO GDR.................................. 40,042 364,139 Tatneft OAO Sponsored ADR.......................... 38,023 890,375 TMK OAO GDR........................................ 5,575 14,213 Uralkali PJSC GDR.................................. 26,768 332,173 VimpelCom, Ltd. Sponsored ADR...................... 72,300 260,280 VTB Bank OJSC GDR.................................. 218,563 419,420 1200 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- RUSSIA -- (Continued) * X5 Retail Group NV GDR............................. 20,699 $ 218,278 ---------- TOTAL RUSSIA........................................... 9,259,023 ---------- SOUTH AFRICA -- (7.4%) Adcorp Holdings, Ltd............................... 33,507 95,148 Advtech, Ltd....................................... 120,102 94,516 Aeci, Ltd.......................................... 58,639 627,585 African Bank Investments, Ltd...................... 282,387 5,638 African Oxygen, Ltd................................ 36,963 44,327 African Rainbow Minerals, Ltd...................... 38,510 387,272 Allied Electronics Corp., Ltd...................... 1,837 2,778 * Anglo American Platinum, Ltd....................... 11,389 349,146 * AngloGold Ashanti, Ltd. Sponsored ADR.............. 172,647 2,137,370 * ArcelorMittal South Africa, Ltd.................... 80,972 171,913 Assore, Ltd........................................ 7,223 99,171 Astral Foods, Ltd.................................. 18,981 320,434 * Aveng, Ltd......................................... 235,423 360,929 AVI, Ltd........................................... 171,378 1,241,908 Barclays Africa Group, Ltd......................... 75,521 1,283,889 Barloworld, Ltd.................................... 105,219 793,930 Bidvest Group, Ltd. (The).......................... 127,819 3,527,623 Blue Label Telecoms, Ltd........................... 103,795 75,276 * Brait SE........................................... 1,419 9,373 Business Connexion Group, Ltd...................... 65,032 34,303 Capitec Bank Holdings, Ltd......................... 17,534 574,872 Cashbuild, Ltd..................................... 9,088 144,995 Caxton and CTP Publishers and Printers, Ltd........ 26,485 34,754 City Lodge Hotels, Ltd............................. 15,574 168,595 Clicks Group, Ltd.................................. 122,811 949,161 Clover Industries, Ltd............................. 39,657 64,585 * Consolidated Infrastructure Group, Ltd............. 1,847 4,169 Coronation Fund Managers, Ltd...................... 99,133 877,335 DataTec, Ltd....................................... 89,212 449,083 Discovery, Ltd..................................... 137,878 1,358,005 Distribution and Warehousing Network, Ltd.......... 43,764 25,536 DRDGOLD, Ltd....................................... 182,887 41,833 # DRDGOLD, Ltd. Sponsored ADR........................ 1,600 3,712 EOH Holdings, Ltd.................................. 40,664 420,769 * Eqstra Holdings, Ltd............................... 87,411 23,805 * Evraz Highveld Steel and Vanadium, Ltd............. 5,882 1,611 # Exxaro Resources, Ltd.............................. 44,232 391,916 Famous Brands, Ltd................................. 28,584 271,496 FirstRand, Ltd..................................... 1,150,962 5,122,211 Foschini Group, Ltd. (The)......................... 80,742 1,157,645 Gold Fields, Ltd................................... 8,786 50,615 Gold Fields, Ltd. Sponsored ADR.................... 482,236 2,845,192 Grand Parade Investments, Ltd...................... 34,235 18,478 Grindrod, Ltd...................................... 222,216 346,336 Group Five, Ltd.................................... 57,956 131,168 Growthpoint Properties, Ltd........................ 43,862 110,126 * Harmony Gold Mining Co., Ltd....................... 57,944 174,252 #* Harmony Gold Mining Co., Ltd. Sponsored ADR........ 144,105 446,726 Holdsport, Ltd..................................... 6,165 26,493 1201 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH AFRICA -- (Continued) * Howden Africa Holdings, Ltd........................ 2,261 $ 8,312 Hudaco Industries, Ltd............................. 14,695 148,234 * Hulamin, Ltd....................................... 44,385 33,683 Iliad Africa, Ltd.................................. 37,928 27,661 Illovo Sugar, Ltd.................................. 84,521 174,626 * Impala Platinum Holdings, Ltd...................... 157,884 1,024,370 Imperial Holdings, Ltd............................. 80,324 1,414,979 Investec, Ltd...................................... 88,655 742,589 Invicta Holdings, Ltd.............................. 3,243 21,119 #* JD Group, Ltd...................................... 55,385 119,588 JSE, Ltd........................................... 20,649 216,546 # Kumba Iron Ore, Ltd................................ 22,050 423,836 # Lewis Group, Ltd................................... 63,577 495,461 Liberty Holdings, Ltd.............................. 54,745 615,453 Massmart Holdings, Ltd............................. 32,710 465,572 Merafe Resources, Ltd.............................. 213,666 16,958 Metair Investments, Ltd............................ 47,032 131,005 MMI Holdings, Ltd.................................. 442,757 1,189,860 Mondi, Ltd......................................... 58,590 1,052,812 Mpact, Ltd......................................... 60,696 185,431 Mr Price Group, Ltd................................ 78,541 1,778,948 Murray & Roberts Holdings, Ltd..................... 185,801 313,482 Nampak, Ltd........................................ 234,547 855,049 Naspers, Ltd. Class N.............................. 28,711 4,141,902 Nedbank Group, Ltd................................. 60,685 1,330,341 * Northam Platinum, Ltd.............................. 176,049 579,790 Oceana Group, Ltd.................................. 16,623 153,085 Omnia Holdings, Ltd................................ 31,075 455,504 Peregrine Holdings, Ltd............................ 68,902 143,387 Petmin, Ltd........................................ 40,487 4,684 # Pick n Pay Stores, Ltd............................. 103,401 509,661 * Pinnacle Holdings, Ltd............................. 68,212 63,471 Pioneer Foods, Ltd................................. 31,416 409,423 PPC, Ltd........................................... 252,793 463,247 PSG Group, Ltd..................................... 43,101 490,375 * Quantum Foods Holdings, Ltd........................ 31,128 10,488 Raubex Group, Ltd.................................. 36,385 63,603 RCL Foods, Ltd..................................... 19,226 29,407 Reunert, Ltd....................................... 76,029 408,036 * Royal Bafokeng Platinum, Ltd....................... 13,378 61,627 Sanlam, Ltd........................................ 489,472 2,933,768 # Santam, Ltd........................................ 6,394 125,143 * Sappi, Ltd......................................... 207,757 853,006 * Sappi, Ltd. Sponsored ADR.......................... 140,883 574,803 Sasol, Ltd......................................... 12,915 466,489 # Sasol, Ltd. Sponsored ADR.......................... 135,937 5,040,544 Shoprite Holdings, Ltd............................. 143,767 2,272,619 Sibanye Gold, Ltd.................................. 145,418 393,195 Sibanye Gold, Ltd. Sponsored ADR................... 60,267 671,374 Spar Group, Ltd. (The)............................. 60,863 960,100 Spur Corp., Ltd.................................... 25,438 87,006 Standard Bank Group, Ltd........................... 192,836 2,546,443 Steinhoff International Holdings, Ltd.............. 526,431 2,690,558 1202 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH AFRICA -- (Continued) * Super Group, Ltd................................... 170,674 $ 501,925 * Telkom SA SOC, Ltd................................. 134,729 805,132 Tiger Brands, Ltd.................................. 30,017 1,012,288 Times Media Group, Ltd............................. 8,973 15,869 Tongaat Hulett, Ltd................................ 36,147 495,786 Trencor, Ltd....................................... 48,468 292,514 Truworths International, Ltd....................... 164,084 1,136,275 Vodacom Group, Ltd................................. 78,014 895,705 Wilson Bayly Holmes-Ovcon, Ltd..................... 28,032 290,467 Woolworths Holdings, Ltd........................... 269,101 1,997,420 Zeder Investments, Ltd............................. 183,167 123,006 ----------- TOTAL SOUTH AFRICA..................................... 75,853,043 ----------- SOUTH KOREA -- (13.3%) # Able C&C Co., Ltd.................................. 1,749 34,943 #* Actoz Soft Co., Ltd................................ 1,239 42,455 #* Advanced Process Systems Corp...................... 3,786 21,160 Aekyung Petrochemical Co., Ltd..................... 278 17,128 # AfreecaTV Co., Ltd................................. 5,664 146,856 # Agabang&Company.................................... 8,058 55,747 # Ahnlab, Inc........................................ 934 38,429 #* AJ Rent A Car Co., Ltd............................. 5,640 84,968 AK Holdings, Inc................................... 549 50,875 #* Aminologics Co., Ltd............................... 21,772 25,238 Amorepacific Corp.................................. 449 1,082,096 AMOREPACIFIC Group................................. 546 622,356 * Amotech Co., Ltd................................... 3,455 54,914 Anapass, Inc....................................... 4,285 52,493 Asia Cement Co., Ltd............................... 61 6,633 ASIA Holdings Co., Ltd............................. 865 112,746 Asia Paper Manufacturing Co., Ltd.................. 3,151 68,997 * Asiana Airlines, Inc............................... 33,400 263,955 AtlasBX Co., Ltd................................... 3,493 136,450 * AUK Corp........................................... 5,660 8,908 Autech Corp........................................ 3,629 20,208 * Avaco Co., Ltd..................................... 7,631 26,983 Baiksan Co., Ltd................................... 4,640 16,623 # Basic House Co., Ltd. (The)........................ 4,018 60,500 * BH Co., Ltd........................................ 4,076 32,824 # BHI Co., Ltd....................................... 1,809 17,570 Binggrae Co., Ltd.................................. 1,211 82,110 Bioland, Ltd....................................... 2,817 62,812 # Bluecom Co., Ltd................................... 3,649 41,870 BS Financial Group, Inc............................ 66,843 844,900 Byucksan Corp...................................... 12,209 70,772 # CammSys Corp....................................... 24,019 41,651 #* Capro Corp......................................... 10,760 33,146 #* Cheil Worldwide, Inc............................... 31,403 565,820 Chemtronics Co., Ltd............................... 4,981 50,597 #* China Great Star International, Ltd................ 22,433 60,173 #* China Ocean Resources Co., Ltd..................... 49,842 218,239 Chokwang Paint, Ltd................................ 2,052 25,313 Chosun Refractories Co., Ltd....................... 53 5,275 1203 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) # CJ CGV Co., Ltd.................................... 4,553 $253,138 CJ CheilJedang Corp................................ 2,627 841,670 * CJ E&M Corp........................................ 6,693 231,822 #* CJ Korea Express Co., Ltd.......................... 1,399 245,013 CJ O Shopping Co., Ltd............................. 1,140 230,710 # Cosmax BTI, Inc.................................... 1,498 63,290 * Cosmochemical Co., Ltd............................. 2,170 9,621 Coway Co., Ltd..................................... 11,292 904,952 Credu Corp......................................... 719 34,415 Crown Confectionery Co., Ltd....................... 339 72,394 Dae Dong Industrial Co., Ltd....................... 2,845 26,867 Dae Han Flour Mills Co., Ltd....................... 482 72,985 Dae Won Kang Up Co., Ltd........................... 6,670 37,998 * Dae Young Packaging Co., Ltd....................... 57,950 52,416 Dae-Il Corp........................................ 4,150 17,699 * Daea TI Co., Ltd................................... 18,837 25,168 * Daechang Co., Ltd.................................. 19,890 15,525 Daeduck Electronics Co............................. 11,543 97,800 Daeduck GDS Co., Ltd............................... 10,025 115,383 Daegu Department Store............................. 3,040 43,335 Daehan Steel Co., Ltd.............................. 5,070 25,339 * Daekyung Machinery & Engineering Co., Ltd.......... 11,720 17,091 # Daelim Industrial Co., Ltd......................... 9,841 491,005 Daesang Corp....................................... 5,839 202,375 # Daesang Holdings Co., Ltd.......................... 3,635 57,673 Daewon San Up Co., Ltd............................. 3,198 27,443 * Daewoo Engineering & Construction Co., Ltd......... 32,550 201,029 * Daewoo Securities Co., Ltd......................... 54,045 495,436 # Daewoo Shipbuilding & Marine Engineering Co., Ltd.. 37,312 657,902 Daishin Securities Co., Ltd........................ 20,263 169,357 Daou Technology, Inc............................... 4,860 64,718 #* Dasan Networks, Inc................................ 9,337 62,101 # Daum Kakao Corp.................................... 2,449 340,250 # Dawonsys Co., Ltd.................................. 4,253 59,761 # Dayou Automotive Seat Technology Co., Ltd.......... 27,800 39,695 DCM Corp........................................... 1,241 18,245 DGB Financial Group, Inc........................... 71,153 682,367 * DIO Corp........................................... 4,669 34,916 #* Dong Yang Gang Chul Co., Ltd....................... 5,950 23,034 Dong-Ah Geological Engineering Co., Ltd............ 1,200 8,175 Dong-Il Corp....................................... 89 5,853 # Dongaone Co., Ltd.................................. 8,260 24,041 #* Dongbu HiTek Co., Ltd.............................. 7,420 33,931 Dongbu Insurance Co., Ltd.......................... 16,957 818,049 * Dongbu Securities Co., Ltd......................... 13,140 47,943 #* Dongbu Steel Co., Ltd.............................. 25,473 36,876 Dongil Industries Co., Ltd......................... 510 30,778 Dongjin Semichem Co., Ltd.......................... 7,060 24,236 * Dongkook Industrial Co., Ltd....................... 2,420 5,708 Dongkuk Industries Co., Ltd........................ 12,588 40,579 # Dongkuk Steel Mill Co., Ltd........................ 27,647 140,703 Dongkuk Structure & Construction Co., Ltd.......... 5,059 14,892 Dongsung Holdings Co., Ltd......................... 9,309 61,932 1204 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) * Dongwha Enterprise Co., Ltd........................ 583 $ 11,243 Dongwon F&B Co., Ltd............................... 484 145,002 Dongwon Industries Co., Ltd........................ 414 122,380 Dongyang E&P, Inc.................................. 1,531 18,115 # Doosan Corp........................................ 4,386 414,893 #* Doosan Engine Co., Ltd............................. 10,905 78,040 * Doosan Engineering & Construction Co., Ltd......... 1,599 13,236 # Doosan Heavy Industries & Construction Co., Ltd.... 24,285 515,251 #* Doosan Infracore Co., Ltd.......................... 55,602 514,802 * Dragonfly GF Co., Ltd.............................. 2,130 20,447 #* Duksan Hi-Metal Co., Ltd........................... 2,788 28,426 DuzonBIzon Co., Ltd................................ 7,756 78,673 DY Corp............................................ 8,095 49,209 * DY POWER Corp...................................... 4,333 42,989 e Tec E&C, Ltd..................................... 262 32,672 # e-LITECOM Co., Ltd................................. 2,965 40,484 E-Mart Co., Ltd.................................... 5,257 997,467 #* e-Starco Co., Ltd.................................. 18,549 40,842 E1 Corp............................................ 1,099 63,473 Eagon Industries Co., Ltd.......................... 3,370 47,937 Easy Bio, Inc...................................... 12,774 66,360 * Ecopro Co., Ltd.................................... 3,593 26,160 #* ELK Corp........................................... 9,669 42,150 #* EMKOREA Co., Ltd................................... 5,967 27,167 ENF Technology Co., Ltd............................ 2,690 20,157 # Eo Technics Co., Ltd............................... 2,746 321,372 Eugene Corp........................................ 27,797 90,444 * Eugene Investment & Securities Co., Ltd............ 42,469 80,563 # Eugene Technology Co., Ltd......................... 7,096 92,155 * Eusu Holdings Co., Ltd............................. 1,912 19,234 EVERDIGM Corp...................................... 5,254 33,477 Fila Korea, Ltd.................................... 2,221 222,365 #* Finetex EnE, Inc................................... 7,780 12,281 #* Flexcom, Inc....................................... 4,293 19,369 Fursys, Inc........................................ 1,797 50,484 #* Gamevil, Inc....................................... 1,073 179,044 Gaon Cable Co., Ltd................................ 930 21,207 #* Genic Co., Ltd..................................... 1,991 46,559 GIIR, Inc.......................................... 2,100 13,607 Global & Yuasa Battery Co., Ltd.................... 2,645 97,894 Global Display Co., Ltd............................ 6,155 35,695 * GNCO Co., Ltd...................................... 10,287 10,957 # Golfzon Co., Ltd................................... 7,538 171,583 #* GS Engineering & Construction Corp................. 26,860 610,526 GS Global Corp..................................... 7,260 51,793 GS Holdings Corp................................... 18,213 689,247 GS Home Shopping, Inc.............................. 485 93,511 # GS retail Co., Ltd................................. 9,206 218,876 Gwangju Shinsegae Co., Ltd......................... 188 53,711 #* Halla Corp......................................... 7,595 43,048 Halla Holdings Corp................................ 2,494 143,601 Halla Visteon Climate Control Corp................. 8,482 357,060 Han Kuk Carbon Co., Ltd............................ 9,150 46,976 1205 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Hana Financial Group, Inc.......................... 57,498 $1,680,699 * Hana Micron, Inc................................... 8,673 85,869 Hana Tour Service, Inc............................. 2,900 225,862 Handsome Co., Ltd.................................. 6,136 172,128 Hanil Cement Co., Ltd.............................. 1,489 224,174 #* Hanjin Heavy Industries & Construction Co., Ltd.... 31,758 112,613 Hanjin Heavy Industries & Construction Holdings Co., Ltd......................................... 6,254 39,060 #* Hanjin Kal Corp.................................... 21,402 633,852 Hanjin Transportation Co., Ltd..................... 3,258 188,647 Hankook Shell Oil Co., Ltd......................... 264 120,309 Hankook Tire Co., Ltd.............................. 20,175 970,138 * Hankuk Glass Industries, Inc....................... 192 4,363 Hankuk Paper Manufacturing Co., Ltd................ 770 21,668 Hanmi Semiconductor Co., Ltd....................... 2,926 46,034 Hansae Co., Ltd.................................... 6,368 221,042 Hansae Yes24 Holdings Co., Ltd..................... 6,460 70,053 Hansol Chemical Co., Ltd........................... 2,570 118,064 Hansol Holdings Co., Ltd........................... 12,420 89,579 #* Hansol HomeDeco Co., Ltd........................... 40,610 54,225 Hansol Logistics Co., Ltd.......................... 18,940 39,539 * Hansol Paper Co., Ltd.............................. 7,582 135,549 * Hansol Technics Co., Ltd........................... 4,977 61,808 Hanssem Co., Ltd................................... 2,793 391,975 # Hanwha Chemical Corp............................... 59,266 663,099 * Hanwha General Insurance Co., Ltd.................. 16,316 62,472 * Hanwha Investment & Securities Co., Ltd............ 25,288 91,640 # Hanwha Life Insurance Co., Ltd..................... 84,681 600,700 Hanyang Eng Co., Ltd............................... 5,602 38,241 Hanyang Securities Co., Ltd........................ 1,030 6,961 * Harim Holdings Co., Ltd............................ 15,645 70,898 # Heung-A Shipping Co., Ltd.......................... 25,938 66,085 * HMC Investment Securities Co., Ltd................. 7,873 73,539 # Hotel Shilla Co., Ltd.............................. 5,843 542,163 HS R&A Co., Ltd.................................... 2,433 66,502 Huchems Fine Chemical Corp......................... 7,590 183,223 Humax Co., Ltd..................................... 5,231 78,089 Husteel Co., Ltd................................... 1,240 19,776 Huvis Corp......................................... 4,180 43,597 Huvitz Co., Ltd.................................... 738 10,975 Hwa Shin Co., Ltd.................................. 11,649 73,841 HwaSung Industrial Co., Ltd........................ 5,837 72,589 Hy-Lok Corp........................................ 3,008 75,789 Hyosung Corp....................................... 9,704 640,360 * Hyundai BNG Steel Co., Ltd......................... 2,940 39,299 Hyundai Corp....................................... 2,278 56,836 Hyundai Department Store Co., Ltd.................. 4,453 482,796 Hyundai Development Co............................. 20,312 794,571 #* Hyundai Elevator Co., Ltd.......................... 2,827 167,782 Hyundai Engineering & Construction Co., Ltd........ 13,809 546,485 Hyundai Engineering Plastics Co., Ltd.............. 3,250 26,195 # Hyundai Glovis Co., Ltd............................ 2,236 498,023 # Hyundai Greenfood Co., Ltd......................... 11,815 186,352 # Hyundai Heavy Industries Co., Ltd.................. 7,008 718,123 1206 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Hyundai Home Shopping Network Corp....................... 1,182 $ 129,314 Hyundai Hy Communications & Networks Co., Ltd............ 12,240 48,492 Hyundai Hysco Co., Ltd................................... 3,445 241,110 Hyundai Livart Furniture Co., Ltd........................ 4,340 135,672 Hyundai Marine & Fire Insurance Co., Ltd................. 19,525 464,661 #* Hyundai Merchant Marine Co., Ltd......................... 8,126 75,830 Hyundai Mobis Co., Ltd................................... 10,173 2,299,788 * Hyundai Securities Co., Ltd.............................. 58,698 399,885 # Hyundai Steel Co......................................... 13,732 823,871 Hyundai Wia Corp......................................... 5,790 807,798 * Hyunjin Materials Co., Ltd............................... 3,137 9,979 ICD Co., Ltd............................................. 2,226 15,402 Iljin Electric Co., Ltd.................................. 5,910 48,341 Iljin Holdings Co., Ltd.................................. 4,660 28,419 #* Iljin Materials Co., Ltd................................. 5,710 38,264 Ilshin Spinning Co., Ltd................................. 409 62,770 * IM Co., Ltd.............................................. 5,419 18,004 # iMarketKorea, Inc........................................ 4,690 117,080 Industrial Bank of Korea................................. 39,003 458,180 #* Infinitt Healthcare Co., Ltd............................. 5,114 33,620 #* Infopia Co., Ltd......................................... 2,026 24,833 #* Infraware, Inc........................................... 5,651 37,283 #* InkTec Co., Ltd.......................................... 2,097 20,592 Innochips Technology, Inc................................ 2,027 28,104 * InnoWireless, Inc........................................ 1,034 12,526 * Innox Corp............................................... 4,610 66,303 #* Insun ENT Co., Ltd....................................... 10,668 41,941 Intelligent Digital Integrated Securities Co., Ltd....... 2,551 31,362 * Interflex Co., Ltd....................................... 2,561 44,255 Interpark Corp........................................... 10,479 87,438 INTOPS Co., Ltd.......................................... 1,868 31,388 Inzi Controls Co., Ltd................................... 2,210 10,203 INZI Display Co., Ltd.................................... 5,255 8,736 #* IS Dongseo Co., Ltd...................................... 4,318 230,690 # ISU Chemical Co., Ltd.................................... 5,540 43,854 # IsuPetasys Co., Ltd...................................... 15,340 78,364 Jahwa Electronics Co., Ltd............................... 8,378 113,944 JB Financial Group Co., Ltd.............................. 27,985 148,621 * Jcontentree Corp......................................... 10,225 31,448 Jinsung T.E.C............................................ 1,807 8,658 * Jusung Engineering Co., Ltd.............................. 9,399 34,316 * JVM Co., Ltd............................................. 1,013 54,771 KB Capital Co., Ltd...................................... 3,307 62,302 KB Financial Group, Inc.................................. 11,853 398,180 * KB Financial Group, Inc. ADR............................. 47,792 1,612,980 KC Cottrell Co., Ltd..................................... 2,610 15,412 KC Green Holdings Co., Ltd............................... 5,270 43,267 # KC Tech Co., Ltd......................................... 11,768 82,550 * KCC Engineering & Construction Co., Ltd.................. 4,872 33,552 # KCP Co., Ltd............................................. 4,719 149,249 * KEC Corp................................................. 5,232 5,885 KEPCO Engineering & Construction Co., Inc................ 2,109 81,807 KEPCO Plant Service & Engineering Co., Ltd............... 3,492 281,250 1207 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Keyang Electric Machinery Co., Ltd................. 8,060 $ 30,146 KG Chemical Corp................................... 2,680 41,098 # Kginicis Co., Ltd.................................. 5,797 130,329 # KGMobilians Co., Ltd............................... 4,423 58,833 # KH Vatec Co., Ltd.................................. 5,865 216,680 KISCO Corp......................................... 1,168 33,983 KISCO Holdings Co., Ltd............................ 41 1,764 KISWIRE, Ltd....................................... 2,875 106,214 KIWOOM Securities Co., Ltd......................... 3,302 175,715 * KMH Co., Ltd....................................... 2,326 21,496 #* KMW Co., Ltd....................................... 4,421 71,068 # Koentec Co., Ltd................................... 13,257 32,587 Koh Young Technology, Inc.......................... 3,627 157,300 Kolao Holdings..................................... 4,818 74,280 Kolon Corp......................................... 3,520 72,675 * Kolon Global Corp.................................. 634 4,651 # Kolon Industries, Inc.............................. 8,020 340,181 # KONA I Co., Ltd.................................... 3,568 111,213 Korea Circuit Co., Ltd............................. 7,389 85,303 Korea District Heating Corp........................ 1,606 79,296 Korea Electric Power Corp.......................... 15,780 616,981 * Korea Electric Power Corp. Sponsored ADR........... 45,612 881,224 Korea Electric Terminal Co., Ltd................... 1,920 113,339 Korea Flange Co., Ltd.............................. 2,351 34,731 * Korea Gas Corp..................................... 7,951 327,348 * Korea Info & Comm.................................. 3,785 30,707 Korea Investment Holdings Co., Ltd................. 12,475 587,896 # Korea Kolmar Co., Ltd.............................. 2,301 120,746 # Korea Kolmar Holdings Co., Ltd..................... 1,107 55,170 Korea Petrochemical Ind Co., Ltd................... 1,671 124,763 Korea Zinc Co., Ltd................................ 1,221 476,930 Korean Reinsurance Co.............................. 37,388 347,710 Kortek Corp........................................ 2,014 21,451 KPX Chemical Co., Ltd.............................. 618 31,453 KT Corp............................................ 2,060 56,087 * KT Corp. Sponsored ADR............................. 45,280 608,563 * KT Hitel Co., Ltd.................................. 1,730 16,404 KT Skylife Co., Ltd................................ 9,626 142,144 * KTB Investment & Securities Co., Ltd............... 28,137 47,725 Kukdo Chemical Co., Ltd............................ 1,317 56,011 Kumho Electric Co., Ltd............................ 1,900 38,584 #* Kumho Industrial Co., Ltd.......................... 1,984 53,135 # Kumho Petrochemical Co., Ltd....................... 1,827 148,795 * Kumho Tire Co., Inc................................ 39,163 346,448 Kumkang Kind Co., Ltd.............................. 703 43,530 Kunsul Chemical Industrial Co., Ltd................ 1,304 65,039 #* Kwang Myung Electric Engineering Co., Ltd.......... 10,100 21,934 * Kwangju Bank....................................... 5,787 47,133 * Kyeryong Construction Industrial Co., Ltd.......... 1,581 15,250 * Kyobo Securities Co., Ltd.......................... 11,174 99,496 * Kyongnam Bank...................................... 8,844 87,707 # Kyung Dong Navien Co., Ltd......................... 1,630 37,066 Kyung-In Synthetic Corp............................ 3,940 16,884 1208 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Kyungbang, Ltd..................................... 283 $ 43,201 Kyungchang Industrial Co., Ltd..................... 7,192 50,902 KyungDong City Gas Co., Ltd........................ 888 79,976 #* LB Semicon, Inc.................................... 16,693 25,146 LEENO Industrial, Inc.............................. 3,057 111,335 LF Corp............................................ 8,077 231,448 LG Chem, Ltd....................................... 10,288 1,850,207 LG Display Co., Ltd................................ 33,768 1,109,553 * LG Display Co., Ltd. ADR........................... 141,655 2,293,394 # LG Hausys, Ltd..................................... 2,379 387,950 LG Household & Health Care, Ltd.................... 1,851 1,159,615 LG Innotek Co., Ltd................................ 4,714 417,798 LG International Corp.............................. 13,208 441,273 LG Uplus Corp...................................... 96,126 1,059,749 # LIG Insurance Co., Ltd............................. 20,771 435,380 # LMS Co., Ltd....................................... 3,047 52,308 # Lock&Lock Co., Ltd................................. 6,250 59,252 #* Logistics Energy Korea Co., Ltd.................... 15,590 27,260 Lotte Chemical Corp................................ 4,755 750,239 Lotte Confectionery Co., Ltd....................... 197 335,718 Lotte Food Co., Ltd................................ 203 114,802 # LOTTE Himart Co., Ltd.............................. 3,219 158,544 #* Lotte Non-Life Insurance Co., Ltd.................. 9,821 24,013 Lotte Shopping Co., Ltd............................ 2,486 538,004 LS Corp............................................ 5,523 242,092 #* Lumens Co., Ltd.................................... 25,336 150,539 Macquarie Korea Infrastructure Fund................ 98,886 664,446 #* Macrogen, Inc...................................... 1,740 88,124 Maeil Dairy Industry Co., Ltd...................... 2,055 60,309 * Mando Corp......................................... 237 35,726 MegaStudy Co., Ltd................................. 1,890 102,789 * Melfas, Inc........................................ 4,370 20,704 Meritz Financial Group, Inc........................ 14,701 130,152 Meritz Fire & Marine Insurance Co., Ltd............ 30,903 343,739 Meritz Securities Co., Ltd......................... 56,485 197,731 Mirae Asset Securities Co., Ltd.................... 9,837 413,967 Miwon Specialty Chemical Co., Ltd.................. 84 22,569 MK Electron Co., Ltd............................... 10,070 53,379 * MNTech Co., Ltd.................................... 4,699 24,357 Modetour Network, Inc.............................. 2,902 73,080 Moorim P&P Co., Ltd................................ 17,550 62,626 Motonic Corp....................................... 2,770 34,581 Namhae Chemical Corp............................... 6,407 51,464 Naver Corp......................................... 4,693 3,041,830 # NCSoft Corp........................................ 2,758 503,657 #* Neowiz Games Corp.................................. 6,687 135,747 * NEPES Corp......................................... 8,540 73,582 Nexen Corp......................................... 995 80,109 Nexen Tire Corp.................................... 10,790 153,300 #* Nexolon Co., Ltd................................... 33,430 9,522 * Nexon GT Co., Ltd.................................. 5,925 77,054 #* NHN Entertainment Corp............................. 1,154 78,310 NICE Holdings Co., Ltd............................. 7,900 123,923 1209 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SOUTH KOREA -- (Continued) NICE Information Service Co., Ltd.................. 15,276 $ 89,011 #* NK Co., Ltd........................................ 3,712 14,435 Nong Shim Holdings Co., Ltd........................ 655 64,341 Nong Woo Bio Co., Ltd.............................. 2,138 42,185 NongShim Co., Ltd.................................. 1,440 304,142 Noroo Holdings Co., Ltd............................ 531 11,080 NOROO Paint & Coatings Co., Ltd.................... 3,900 35,061 #* OCI Co., Ltd....................................... 4,965 352,005 OCI Materials Co., Ltd............................. 2,123 124,721 #* OPTRON-TEC, Inc.................................... 5,461 31,746 Orion Corp......................................... 807 770,063 * Osstem Implant Co., Ltd............................ 3,092 124,666 Ottogi Corp........................................ 307 159,406 * Paik Kwang Industrial Co., Ltd..................... 2,509 5,405 #* Pan Ocean Co., Ltd................................. 1,878 4,423 # Pan-Pacific Co., Ltd............................... 5,510 31,915 #* PaperCorea, Inc.................................... 55,279 36,661 # Partron Co., Ltd................................... 18,010 203,535 Poongsan Corp...................................... 3,171 65,562 # Posco M-Tech Co., Ltd.............................. 17,041 42,787 #* Posco Plantec Co., Ltd............................. 3,235 10,925 * Power Logics Co., Ltd.............................. 4,300 16,407 Pyeong Hwa Automotive Co., Ltd..................... 4,793 73,894 #* Redrover Co., Ltd.................................. 8,113 41,722 RFsemi Technologies, Inc........................... 3,027 21,030 RFTech Co., Ltd.................................... 1,617 13,180 * S&C Engine Group, Ltd.............................. 14,992 32,317 S&T Holdings Co., Ltd.............................. 1,369 24,577 S&T Motiv Co., Ltd................................. 3,016 121,758 S-1 Corp........................................... 3,092 224,952 S-Energy Co., Ltd.................................. 5,881 41,903 S-MAC Co., Ltd..................................... 6,155 25,715 # S-Oil Corp......................................... 13,730 755,247 * Sajo Industries Co., Ltd........................... 1,553 63,384 Sam Yung Trading Co., Ltd.......................... 2,370 50,468 Samchully Co., Ltd................................. 1,080 135,770 Samho Development Co., Ltd......................... 3,821 10,919 * Samho International Co., Ltd....................... 2,443 35,749 SAMHWA Paints Industrial Co., Ltd.................. 3,040 41,369 # Samick Musical Instruments Co., Ltd................ 9,290 36,558 Samick THK Co., Ltd................................ 4,280 32,586 # Samkwang Glass..................................... 1,314 89,072 Samlip General Foods Co., Ltd...................... 861 152,240 Samsung Card Co., Ltd.............................. 2,297 79,839 # Samsung Electro-Mechanics Co., Ltd................. 22,523 1,370,774 # Samsung Electronics Co., Ltd....................... 19,525 24,238,305 Samsung Electronics Co., Ltd. GDR.................. 16,921 10,417,236 #* Samsung Engineering Co., Ltd....................... 3,766 129,893 Samsung Fine Chemicals Co., Ltd.................... 7,294 226,947 Samsung Fire & Marine Insurance Co., Ltd........... 8,109 2,183,406 Samsung Heavy Industries Co., Ltd.................. 24,428 395,479 Samsung Life Insurance Co., Ltd.................... 9,065 931,103 Samsung SDI Co., Ltd............................... 9,114 1,063,477 1210 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Samsung Securities Co., Ltd........................ 16,004 $ 690,522 * SAMT Co., Ltd...................................... 7,876 13,287 Samyang Foods Co., Ltd............................. 1,700 33,478 Samyang Holdings Corp.............................. 1,674 143,972 * Samyoung Chemical Co., Ltd......................... 6,670 9,177 #* Sangbo Corp........................................ 3,833 24,715 SBS Contents Hub Co., Ltd.......................... 3,097 34,924 SBS Media Holdings Co., Ltd........................ 22,546 92,136 #* SBW................................................ 23,330 21,622 Seah Besteel Corp.................................. 6,200 180,327 SeAH Holdings Corp................................. 419 56,075 SeAH Steel Corp.................................... 1,225 85,484 Sebang Co., Ltd.................................... 4,147 72,411 Sejong Industrial Co., Ltd......................... 6,842 84,317 Sempio Foods Co.................................... 710 21,456 #* Seobu T&D.......................................... 4,048 62,546 #* Seohee Construction Co., Ltd....................... 48,053 34,114 # Seoul Semiconductor Co., Ltd....................... 15,450 273,420 SEOWONINTECH Co., Ltd.............................. 4,409 56,593 Seoyeon Co., Ltd................................... 6,326 80,813 * Sewon Cellontech Co., Ltd.......................... 9,450 23,263 Sewon Precision Industry Co., Ltd.................. 1,659 39,453 # SEWOONMEDICAL Co., Ltd............................. 10,144 56,150 # SFA Engineering Corp............................... 2,564 107,690 #* SG Corp............................................ 77,870 47,039 # SH Energy & Chemical Co., Ltd...................... 29,732 47,380 Shinhan Financial Group Co., Ltd................... 38,789 1,583,693 * Shinhan Financial Group Co., Ltd. ADR.............. 27,301 1,087,945 Shinsegae Co., Ltd................................. 3,022 443,134 Shinsegae Information & Communication Co., Ltd..... 372 35,879 # Shinsegae International Co., Ltd................... 432 35,160 #* Shinsung Solar Energy Co., Ltd..................... 31,936 37,158 * Shinsung Tongsang Co., Ltd......................... 46,076 60,206 * Shinwha Intertek Corp.............................. 5,761 15,838 * Shinwon Corp....................................... 19,797 33,397 * Signetics Corp..................................... 12,318 19,211 * SIGONG TECH Co., Ltd............................... 6,507 26,753 Silicon Works Co., Ltd............................. 3,521 92,749 Silla Co., Ltd..................................... 3,715 72,851 #* Simm Tech Co., Ltd................................. 8,465 81,302 SIMPAC, Inc........................................ 8,170 42,056 SJM Co., Ltd....................................... 3,600 22,415 * SK Broadband Co., Ltd.............................. 71,177 275,474 SK C&C Co., Ltd.................................... 1,643 350,202 # SK Chemicals Co., Ltd.............................. 5,244 291,624 #* SK Communications Co., Ltd......................... 4,426 29,733 SK Gas, Ltd........................................ 1,479 116,171 SK Holdings Co., Ltd............................... 12,679 1,976,796 SK Hynix, Inc...................................... 97,543 4,213,422 SK Innovation Co., Ltd............................. 11,720 995,255 * SK Networks Co., Ltd............................... 32,140 275,312 * SK Securities Co., Ltd............................. 124,639 106,369 SK Telecom Co., Ltd................................ 826 216,466 1211 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) SK Telecom Co., Ltd. ADR........................... 6,201 $178,279 SKC Co., Ltd....................................... 7,966 218,759 SL Corp............................................ 4,230 68,246 #* SM Culture & Contents Co., Ltd..................... 13,542 42,505 #* SM Entertainment Co................................ 5,480 182,545 * Solborn, Inc....................................... 6,643 27,690 # Solid, Inc......................................... 6,454 45,971 Songwon Industrial Co., Ltd........................ 6,210 49,027 Soulbrain Co., Ltd................................. 3,122 103,518 * Ssangyong Cement Industrial Co., Ltd............... 11,218 153,471 * Steel Flower Co., Ltd.............................. 2,781 10,429 #* STS Semiconductor & Telecommunications............. 25,047 94,955 #* STX Engine Co., Ltd................................ 9,310 5,603 # Suheung Co., Ltd................................... 1,935 87,179 Sunchang Corp...................................... 3,976 29,728 # Sung Kwang Bend Co., Ltd........................... 7,937 95,680 * Sungchang Enterprise Holdings, Ltd................. 1,980 38,278 * Sungshin Cement Co., Ltd........................... 7,455 92,079 Sungwoo Hitech Co., Ltd............................ 18,826 207,656 Sunjin Co., Ltd.................................... 860 24,404 * Suprema, Inc....................................... 2,939 72,215 #* Synopex, Inc....................................... 28,253 48,431 Taekwang Industrial Co., Ltd....................... 175 180,081 * Taewoong Co., Ltd.................................. 4,152 56,633 * Taeyoung Engineering & Construction Co., Ltd....... 15,599 69,061 Tailim Packaging Industrial Co., Ltd............... 15,780 32,954 #* TK Chemical Corp................................... 11,625 19,177 Tongyang Life Insurance............................ 14,620 146,738 * Top Engineering Co., Ltd........................... 2,531 10,103 # Toptec Co., Ltd.................................... 2,868 43,903 #* Toray Chemical Korea, Inc.......................... 7,709 99,418 Tovis Co., Ltd..................................... 6,532 117,472 TS Corp............................................ 1,940 44,280 Ubiquoss, Inc...................................... 4,502 39,790 * Ubivelox, Inc...................................... 1,255 17,940 UI Display Co., Ltd................................ 1,154 4,775 Uju Electronics Co., Ltd........................... 3,162 44,252 Unid Co., Ltd...................................... 1,340 71,728 * Uniquest Corp...................................... 1,110 9,354 * Unison Co., Ltd.................................... 4,587 10,317 Value Added Technologies Co., Ltd.................. 2,367 57,582 # Vieworks Co., Ltd.................................. 3,242 96,700 # Visang Education, Inc.............................. 4,557 31,517 #* Webzen, Inc........................................ 5,851 164,377 WillBes & Co. (The)................................ 17,650 21,954 WiSoL Co., Ltd..................................... 5,829 47,561 * Wonik IPS Co., Ltd................................. 19,641 239,999 * Wonik Materials Co., Ltd........................... 328 14,056 Woojeon & Handan Co., Ltd.......................... 8,429 18,918 #* Woongjin Energy Co., Ltd........................... 14,020 20,154 * Woongjin Holdings Co., Ltd......................... 6,158 11,692 * Woongjin Thinkbig Co., Ltd......................... 7,573 52,069 Wooree ETI Co., Ltd................................ 7,385 13,225 1212 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SOUTH KOREA -- (Continued) * Woori Bank......................................... 48,068 $ 386,794 * Woori Bank Sponsored ADR........................... 3,029 71,636 Woori Investment & Securities Co., Ltd............. 48,618 489,571 #* Woori Investment Bank Co., Ltd..................... 291,324 108,116 # Y G-1 Co., Ltd..................................... 5,966 49,595 YESCO Co., Ltd..................................... 510 15,684 # YG Entertainment, Inc.............................. 2,213 95,631 Yoosung Enterprise Co., Ltd........................ 10,361 48,061 Youlchon Chemical Co., Ltd......................... 3,560 35,073 # Young Heung Iron & Steel Co., Ltd.................. 13,310 21,449 # Young Poong Corp................................... 130 168,467 Young Poong Precision Corp......................... 6,555 58,703 Youngone Corp...................................... 6,602 338,550 Youngone Holdings Co., Ltd......................... 1,664 136,335 ------------ TOTAL SOUTH KOREA...................................... 136,369,426 ------------ SPAIN -- (0.1%) Banco Santander SA................................. 17,308 117,718 Banco Santander SA Sponsored ADR................... 133,514 893,206 ------------ TOTAL SPAIN............................................ 1,010,924 ------------ TAIWAN -- (12.9%) # A-DATA Technology Co., Ltd......................... 65,605 112,892 Ability Enterprise Co., Ltd........................ 183,892 109,164 AcBel Polytech, Inc................................ 87,685 99,757 Accton Technology Corp............................. 199,858 98,496 #* Acer, Inc.......................................... 846,287 549,058 ACES Electronic Co., Ltd........................... 27,000 35,519 ACHEM Technology Corp.............................. 93,526 55,492 Acter Co., Ltd..................................... 13,000 32,871 * Action Electronics Co., Ltd........................ 45,408 9,712 # Actron Technology Corp............................. 33,000 117,570 # Adlink Technology, Inc............................. 25,471 62,311 Advanced Ceramic X Corp............................ 12,000 58,048 * Advanced Connectek, Inc............................ 55,000 21,235 Advanced International Multitech Co., Ltd.......... 42,000 32,784 Advanced Semiconductor Engineering, Inc............ 260,774 327,458 # Advanced Semiconductor Engineering, Inc. ADR....... 165,684 1,095,171 * Advanced Wireless Semiconductor Co................. 58,000 86,168 # Advancetek Enterprise Co., Ltd..................... 29,580 22,070 # Advantech Co., Ltd................................. 46,555 347,620 #* AGV Products Corp.................................. 232,914 58,650 AimCore Technology Co., Ltd........................ 25,846 22,414 # Airtac International Group......................... 29,000 251,790 Alcor Micro Corp................................... 17,000 14,365 # ALI Corp........................................... 102,000 80,749 Alpha Networks, Inc................................ 110,000 60,918 Altek Corp......................................... 117,727 138,728 Ambassador Hotel (The)............................. 13,000 11,589 AMPOC Far-East Co., Ltd............................ 31,000 28,510 # AmTRAN Technology Co., Ltd......................... 286,907 162,882 Anpec Electronics Corp............................. 35,454 36,139 1213 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # Apacer Technology, Inc............................. 47,846 $ 49,127 APCB, Inc.......................................... 39,000 29,408 # Apex Biotechnology Corp............................ 35,477 59,774 # Apex International Co., Ltd........................ 45,710 64,770 # Apex Medical Corp.................................. 21,000 38,501 Apex Science & Engineering......................... 24,200 9,244 Arcadyan Technology Corp........................... 49,859 67,345 # Ardentec Corp...................................... 178,443 151,548 * Arima Communications Corp.......................... 106,087 43,187 # Asia Cement Corp................................... 331,696 399,899 * Asia Optical Co., Inc.............................. 96,000 129,168 # Asia Plastic Recycling Holding, Ltd................ 67,762 79,420 Asia Polymer Corp.................................. 147,200 108,590 Asia Vital Components Co., Ltd..................... 95,278 72,370 ASROCK, Inc........................................ 8,000 18,380 # Asustek Computer, Inc.............................. 126,996 1,327,313 Aten International Co., Ltd........................ 35,000 92,183 # AU Optronics Corp.................................. 2,960,000 1,609,321 # AU Optronics Corp. Sponsored ADR................... 78,775 441,140 Audix Corp......................................... 52,800 73,531 Aurora Corp........................................ 33,693 57,151 AV Tech Corp....................................... 10,000 16,056 Avermedia Technologies............................. 55,690 19,275 #* Avision, Inc....................................... 64,693 19,152 # AVY Precision Technology, Inc...................... 34,000 79,304 Awea Mechantronic Co., Ltd......................... 12,600 17,355 Bank of Kaohsiung Co., Ltd......................... 135,128 38,610 # BenQ Materials Corp................................ 87,000 89,160 BES Engineering Corp............................... 502,000 120,133 * Bin Chuan Enterprise Co., Ltd...................... 15,641 11,128 # Biostar Microtech International Corp............... 73,000 26,346 Bizlink Holding, Inc............................... 23,248 76,624 Boardtek Electronics Corp.......................... 63,000 87,164 Bright Led Electronics Corp........................ 23,100 10,691 C Sun Manufacturing, Ltd........................... 29,000 20,883 Capital Securities Corp............................ 712,731 232,414 Career Technology MFG. Co., Ltd.................... 105,000 110,862 Carnival Industrial Corp........................... 65,000 16,232 # Catcher Technology Co., Ltd........................ 156,509 1,368,604 Cathay Financial Holding Co., Ltd.................. 889,125 1,273,255 # Cathay Real Estate Development Co., Ltd............ 316,000 168,010 ChainQui Construction Development Co., Ltd......... 22,000 16,142 Champion Building Materials Co., Ltd............... 99,000 29,635 # Chang Hwa Commercial Bank, Ltd..................... 1,003,078 565,996 Chang Wah Electromaterials, Inc.................... 11,249 26,142 Channel Well Technology Co., Ltd................... 50,000 31,926 Charoen Pokphand Enterprise........................ 75,600 65,547 # Chaun-Choung Technology Corp....................... 28,000 79,425 CHC Resources Corp................................. 12,618 28,553 Chen Full International Co., Ltd................... 46,000 50,820 # Chenbro Micom Co., Ltd............................. 37,000 64,743 Cheng Loong Corp................................... 337,480 136,878 Cheng Shin Rubber Industry Co., Ltd................ 377,808 910,681 1214 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # Cheng Uei Precision Industry Co., Ltd................. 177,159 $ 312,508 #* Chenming Mold Industry Corp........................... 41,000 34,371 Chia Chang Co., Ltd................................... 39,000 38,231 Chicony Electronics Co., Ltd.......................... 118,732 325,805 Chien Kuo Construction Co., Ltd....................... 138,675 50,175 Chilisin Electronics Corp............................. 27,324 36,602 Chime Ball Technology Co., Ltd........................ 9,000 23,687 Chimei Materials Technology Corp...................... 111,250 112,347 Chin-Poon Industrial Co., Ltd......................... 134,113 227,206 * China Airlines, Ltd................................... 1,079,062 545,999 # China Development Financial Holding Corp.............. 2,682,579 880,928 China Ecotek Corp..................................... 10,000 21,406 * China Electric Manufacturing Corp..................... 103,000 34,781 China General Plastics Corp........................... 170,872 81,182 China Glaze Co., Ltd.................................. 25,000 11,221 China Life Insurance Co., Ltd......................... 433,820 363,623 China Metal Products.................................. 103,190 104,433 #* China Petrochemical Development Corp.................. 905,092 338,276 # China Steel Chemical Corp............................. 35,227 170,332 China Steel Corp...................................... 1,376,940 1,166,531 China Steel Structure Co., Ltd........................ 36,000 31,338 China Synthetic Rubber Corp........................... 186,735 190,222 * China Wire & Cable Co., Ltd........................... 27,000 9,986 Chinese Maritime Transport, Ltd....................... 33,000 35,177 # Chipbond Technology Corp.............................. 191,000 390,411 Chong Hong Construction Co., Ltd...................... 30,582 62,624 # Chroma ATE, Inc....................................... 69,466 173,140 Chun YU Works & Co., Ltd.............................. 60,000 27,540 Chun Yuan Steel....................................... 163,999 59,840 Chung Hsin Electric & Machinery Manufacturing Corp.... 168,000 107,493 * Chung Hung Steel Corp................................. 244,889 56,120 * Chung Hwa Pulp Corp................................... 228,680 63,588 Chunghwa Telecom Co., Ltd............................. 139,800 422,479 # Chunghwa Telecom Co., Ltd. ADR........................ 35,415 1,063,867 # Chyang Sheng Dyeing & Finishing Co., Ltd.............. 53,000 28,962 Cleanaway Co., Ltd.................................... 21,000 102,692 # Clevo Co.............................................. 107,869 163,226 * CMC Magnetics Corp.................................... 1,285,000 180,540 * CoAsia Microelectronics Corp.......................... 63,000 32,170 Collins Co., Ltd...................................... 47,770 21,483 Compal Electronics, Inc............................... 1,042,086 759,903 Compeq Manufacturing Co., Ltd......................... 461,000 262,813 * Concord Securities Corp............................... 201,000 51,479 Continental Holdings Corp............................. 131,250 47,377 Coretronic Corp....................................... 216,000 304,803 * Cosmo Electronics Corp................................ 11,000 11,774 Coxon Precise Industrial Co., Ltd..................... 35,000 73,168 #* Crystalwise Technology, Inc........................... 59,115 45,562 CSBC Corp. Taiwan..................................... 168,440 88,300 CTBC Financial Holding Co., Ltd....................... 1,907,258 1,209,878 # CTCI Corp............................................. 119,555 188,919 # Cub Elecparts, Inc.................................... 11,883 121,768 CviLux Corp........................................... 39,329 65,076 1215 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Cyberlink Corp..................................... 23,356 $ 67,748 CyberPower Systems, Inc............................ 9,000 17,954 CyberTAN Technology, Inc........................... 77,576 58,744 # D-Link Corp........................................ 262,475 147,113 DA CIN Construction Co., Ltd....................... 41,000 25,949 * Da-Li Construction Co., Ltd........................ 21,076 24,543 Dafeng TV, Ltd..................................... 9,130 15,286 #* Danen Technology Corp.............................. 72,000 23,790 Darfon Electronics Corp............................ 109,000 61,241 #* Darwin Precisions Corp............................. 140,000 65,843 #* Delpha Construction Co., Ltd....................... 60,639 30,541 # Delta Electronics, Inc............................. 204,521 1,249,195 Depo Auto Parts Ind Co., Ltd....................... 43,000 164,292 DFI, Inc........................................... 46,460 53,392 Dimerco Express Corp............................... 34,000 25,437 # Dynacolor, Inc..................................... 16,000 35,457 * Dynamic Electronics Co., Ltd....................... 146,006 66,441 Dynapack International Technology Corp............. 38,000 86,511 #* E Ink Holdings, Inc................................ 404,000 181,406 # E-Lead Electronic Co., Ltd......................... 28,000 65,577 E-Life Mall Corp................................... 30,000 57,730 #* E-Ton Solar Tech Co., Ltd.......................... 84,032 41,859 E.Sun Financial Holding Co., Ltd................... 1,386,586 852,987 Eastern Media International Corp................... 129,406 43,140 Eclat Textile Co., Ltd............................. 47,096 487,551 Edimax Technology Co., Ltd......................... 49,044 19,563 # Edison Opto Corp................................... 38,000 30,016 # Edom Technology Co., Ltd........................... 58,000 49,733 eGalax_eMPIA Technology, Inc....................... 27,667 55,805 Elan Microelectronics Corp......................... 106,370 166,340 # Elite Advanced Laser Corp.......................... 36,000 115,523 Elite Material Co., Ltd............................ 118,909 160,201 # Elite Semiconductor Memory Technology, Inc......... 76,000 117,582 Elitegroup Computer Systems Co., Ltd............... 137,235 118,392 # eMemory Technology, Inc............................ 23,000 238,502 ENG Electric Co., Ltd.............................. 53,000 32,555 EnTie Commercial Bank Co., Ltd..................... 128,500 60,099 * Entire Technology Co., Ltd......................... 33,000 23,295 * Episil Holdings, Inc............................... 58,000 27,973 # Epistar Corp....................................... 330,954 586,312 Eternal Materials Co., Ltd......................... 217,042 213,228 #* Etron Technology, Inc.............................. 183,000 111,162 * Eva Airways Corp................................... 594,906 458,850 Everest Textile Co., Ltd........................... 63,000 30,108 Evergreen International Storage & Transport Corp... 239,000 138,940 * Evergreen Marine Corp. Taiwan, Ltd................. 527,799 376,055 Everlight Electronics Co., Ltd..................... 153,149 367,365 # Everspring Industry Co., Ltd....................... 95,000 109,369 Excelsior Medical Co., Ltd......................... 44,800 71,993 Far Eastern Department Stores, Ltd................. 294,370 251,153 Far Eastern International Bank..................... 793,035 265,318 Far Eastern New Century Corp....................... 659,373 663,636 Far EasTone Telecommunications Co., Ltd............ 353,000 862,418 1216 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Faraday Technology Corp............................ 105,738 $ 128,430 * Farglory F T Z Investment Holding Co., Ltd......... 24,000 15,562 Farglory Land Development Co., Ltd................. 133,442 155,851 Federal Corp....................................... 189,863 112,252 Feedback Technology Corp........................... 7,000 11,468 Feng Hsin Iron & Steel Co.......................... 134,550 164,568 # Feng TAY Enterprise Co., Ltd....................... 73,181 273,730 First Copper Technology Co., Ltd................... 36,000 11,128 First Financial Holding Co., Ltd................... 1,384,346 806,462 First Hotel........................................ 66,443 42,407 First Insurance Co, Ltd. (The)..................... 93,606 46,567 * First Steamship Co., Ltd........................... 178,595 98,586 FLEXium Interconnect, Inc.......................... 78,407 186,157 # Flytech Technology Co., Ltd........................ 39,419 140,341 # FocalTech Systems Co., Ltd......................... 29,000 33,217 Formosa Advanced Technologies Co., Ltd............. 28,000 19,117 Formosa Chemicals & Fibre Corp..................... 319,378 683,422 # Formosa International Hotels Corp.................. 10,595 107,015 # Formosa Oilseed Processing Co., Ltd................ 67,000 42,356 Formosa Optical Technology Co., Ltd................ 7,000 18,901 Formosa Petrochemical Corp......................... 126,000 268,428 # Formosa Plastics Corp.............................. 408,134 984,923 Formosan Rubber Group, Inc......................... 182,000 185,722 Formosan Union Chemical............................ 95,266 36,774 Founding Construction & Development Co., Ltd....... 64,206 41,304 Foxconn Technology Co., Ltd........................ 198,588 537,706 Foxlink Image Technology Co., Ltd.................. 63,000 38,671 * Froch Enterprise Co., Ltd.......................... 54,000 23,545 FSP Technology, Inc................................ 57,349 46,169 Fubon Financial Holding Co., Ltd................... 721,896 1,143,908 Fullerton Technology Co., Ltd...................... 15,000 12,278 Fulltech Fiber Glass Corp.......................... 117,544 44,257 Fwusow Industry Co., Ltd........................... 30,887 14,510 G Shank Enterprise Co., Ltd........................ 63,382 52,224 * G Tech Optoelectronics Corp........................ 69,000 62,850 Gallant Precision Machining Co., Ltd............... 52,000 19,677 # Gamania Digital Entertainment Co., Ltd............. 43,000 52,179 # Gemtek Technology Corp............................. 160,574 117,041 #* Genesis Photonics, Inc............................. 131,520 65,265 #* Genius Electronic Optical Co., Ltd................. 23,071 79,958 # GeoVision, Inc..................................... 29,191 107,953 Getac Technology Corp.............................. 197,000 119,613 Giant Manufacturing Co., Ltd....................... 50,287 438,905 * Giantplus Technology Co., Ltd...................... 57,000 21,701 Giga Solution Tech Co., Ltd........................ 26,000 17,012 Gigabyte Technology Co., Ltd....................... 42,000 51,626 Gigasolar Materials Corp........................... 8,280 126,007 #* Gigastorage Corp................................... 91,213 73,646 Ginko International Co., Ltd....................... 10,000 98,145 #* Gintech Energy Corp................................ 126,703 85,521 * Global Brands Manufacture, Ltd..................... 101,666 34,567 Global Lighting Technologies, Inc.................. 14,000 20,105 Global Mixed Mode Technology, Inc.................. 29,000 84,077 1217 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Global Unichip Corp................................ 31,000 $ 86,062 * Globalwafers Co., Ltd.............................. 10,755 31,398 Globe Union Industrial Corp........................ 128,518 62,808 Gloria Material Technology Corp.................... 149,950 105,756 # Glory Science Co., Ltd............................. 32,467 47,606 * Gold Circuit Electronics, Ltd...................... 182,263 126,994 #* Goldsun Development & Construction Co., Ltd........ 490,730 167,452 Good Will Instrument Co., Ltd...................... 6,222 4,288 # Gourmet Master Co., Ltd............................ 16,000 87,014 # Grand Pacific Petrochemical........................ 346,000 189,208 Grape King Bio, Ltd................................ 37,000 151,940 Great China Metal Industry......................... 52,000 50,843 Great Taipei Gas Co., Ltd.......................... 78,000 57,222 Great Wall Enterprise Co., Ltd..................... 209,682 185,136 #* Green Energy Technology, Inc....................... 90,537 52,475 * GTM Holdings Corp.................................. 39,000 24,438 * Hannstar Board Corp................................ 185,681 93,965 # HannStar Display Corp.............................. 1,080,667 266,046 * HannsTouch Solution, Inc........................... 357,061 84,849 Harvatek Corp...................................... 44,230 25,219 Highwealth Construction Corp....................... 191,554 388,268 # Hiroca Holdings, Ltd............................... 24,728 72,291 * HiTi Digital, Inc.................................. 8,956 4,606 # Hitron Technology, Inc............................. 78,000 39,667 # Hiwin Technologies Corp............................ 49,341 405,935 #* Ho Tung Chemical Corp.............................. 328,993 111,924 Hocheng Corp....................................... 137,300 44,292 Holiday Entertainment Co., Ltd..................... 25,000 30,823 Holtek Semiconductor, Inc.......................... 69,000 125,438 Holy Stone Enterprise Co., Ltd..................... 73,500 98,931 Hon Hai Precision Industry Co., Ltd................ 2,265,758 6,217,219 Hon Hai Precision Industry Co., Ltd. GDR........... 151,593 826,622 Hong TAI Electric Industrial....................... 51,000 17,094 Horizon Securities Co., Ltd........................ 220,000 63,138 # Hota Industrial Manufacturing Co., Ltd............. 60,919 109,017 Hotai Motor Co., Ltd............................... 38,000 546,017 Hsin Kuang Steel Co., Ltd.......................... 92,788 51,921 Hsin Yung Chien Co., Ltd........................... 9,900 33,741 #* HTC Corp........................................... 99,660 494,076 # Hu Lane Associate, Inc............................. 31,151 113,509 HUA ENG Wire & Cable............................... 157,000 49,620 Hua Nan Financial Holdings Co., Ltd................ 862,747 479,595 # Huaku Development Co., Ltd......................... 78,465 143,561 Huang Hsiang Construction Corp..................... 25,000 35,925 Hung Ching Development & Construction Co., Ltd..... 5,000 3,232 Hung Poo Real Estate Development Corp.............. 92,609 69,064 # Hung Sheng Construction, Ltd....................... 153,000 93,987 Huxen Corp......................................... 10,000 13,917 Hwa Fong Rubber Co., Ltd........................... 144,540 97,429 Hwacom Systems, Inc................................ 43,000 22,670 I-Chiun Precision Industry Co., Ltd................ 53,000 31,821 I-Sheng Electric Wire & Cable Co., Ltd............. 30,000 41,023 Ibase Technology, Inc.............................. 23,270 39,184 1218 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # Ichia Technologies, Inc............................ 121,897 $ 128,880 ILI Technology Corp................................ 15,748 35,703 # Infortrend Technology, Inc......................... 56,798 32,161 # Innolux Corp....................................... 2,692,461 1,297,128 #* Inotera Memories, Inc.............................. 481,000 687,724 Inventec Corp...................................... 860,181 635,330 ITE Technology, Inc................................ 44,202 52,392 ITEQ Corp.......................................... 72,299 59,645 #* J Touch Corp....................................... 48,000 29,151 * Janfusun Fancyworld Corp........................... 71,590 10,949 Jentech Precision Industrial Co., Ltd.............. 18,000 42,904 # Jess-Link Products Co., Ltd........................ 50,500 53,414 Jih Sun Financial Holdings Co., Ltd................ 342,547 90,288 # Johnson Health Tech Co., Ltd....................... 38,755 97,226 K Laser Technology, Inc............................ 55,000 28,566 Kang Na Hsiung Enterprise Co., Ltd................. 59,000 25,459 * Kao Hsing Chang Iron & Steel....................... 91,000 32,137 # Kaori Heat Treatment Co., Ltd...................... 21,803 41,336 Kaulin Manufacturing Co., Ltd...................... 39,000 28,448 KD Holding Corp.................................... 6,000 31,169 KEE TAI Properties Co., Ltd........................ 134,226 82,957 # Kenda Rubber Industrial Co., Ltd................... 158,106 319,906 Kenmec Mechanical Engineering Co., Ltd............. 61,000 29,019 Kerry TJ Logistics Co., Ltd........................ 82,000 103,516 # Kindom Construction Corp........................... 128,000 113,809 King Slide Works Co., Ltd.......................... 16,050 231,297 King Yuan Electronics Co., Ltd..................... 423,529 353,818 # King's Town Bank Co., Ltd.......................... 265,000 279,674 #* King's Town Construction Co., Ltd.................. 61,126 51,514 Kinik Co........................................... 40,000 79,884 # Kinko Optical Co., Ltd............................. 37,000 27,862 * Kinpo Electronics.................................. 387,028 180,821 Kinsus Interconnect Technology Corp................ 88,009 282,051 KMC Kuei Meng International, Inc................... 14,000 57,429 KS Terminals, Inc.................................. 23,760 30,009 Kung Long Batteries Industrial Co., Ltd............ 32,000 94,151 Kung Sing Engineering Corp......................... 108,000 41,085 # Kuo Toong International Co., Ltd................... 63,000 100,269 Kuoyang Construction Co., Ltd...................... 189,450 81,717 Kwong Fong Industries Corp......................... 79,840 45,289 # KYE Systems Corp................................... 84,568 31,771 LAN FA Textile..................................... 78,277 24,080 Largan Precision Co., Ltd.......................... 15,306 1,272,809 # LCY Chemical Corp.................................. 195,799 102,632 Leader Electronics, Inc............................ 30,602 11,326 Leadtrend Technology Corp.......................... 4,159 5,275 * Lealea Enterprise Co., Ltd......................... 241,981 72,085 Ledtech Electronics Corp........................... 19,000 9,620 LEE CHI Enterprises Co., Ltd....................... 40,000 18,996 # Lelon Electronics Corp............................. 29,000 35,802 * Leofoo Development Co.............................. 135,000 49,277 * LES Enphants Co., Ltd.............................. 53,901 28,996 # Lextar Electronics Corp............................ 119,000 112,988 1219 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) * Li Peng Enterprise Co., Ltd........................ 147,578 $ 54,056 Lian HWA Food Corp................................. 13,305 12,780 # Lien Hwa Industrial Corp........................... 196,728 128,946 # Lingsen Precision Industries, Ltd.................. 185,000 90,950 Lite-On Semiconductor Corp......................... 100,213 71,131 Lite-On Technology Corp............................ 611,112 753,208 Long Bon International Co., Ltd.................... 88,000 64,673 Long Chen Paper Co., Ltd........................... 183,348 79,959 Longwell Co........................................ 40,000 43,941 Lotes Co., Ltd..................................... 15,631 68,233 Lumax International Corp., Ltd..................... 36,325 74,041 Lung Yen Life Service Corp......................... 25,000 66,771 Macroblock, Inc.................................... 5,000 10,765 #* Macronix International............................. 1,436,048 311,026 #* MacroWell OMG Digital Entertainment Co., Ltd....... 12,000 30,605 # Mag Layers Scientific-Technics Co., Ltd............ 11,550 13,748 # Makalot Industrial Co., Ltd........................ 48,254 270,037 Marketech International Corp....................... 58,000 45,324 Masterlink Securities Corp......................... 345,092 112,392 Mayer Steel Pipe Corp.............................. 37,259 17,113 MediaTek, Inc...................................... 128,360 1,951,744 Mega Financial Holding Co., Ltd.................... 1,577,213 1,203,481 Mercuries & Associates Holding, Ltd................ 131,460 85,589 * Mercuries Life Insurance Co., Ltd.................. 56,700 30,949 Merida Industry Co., Ltd........................... 44,415 306,792 # Merry Electronics Co., Ltd......................... 46,906 155,218 Micro-Star International Co., Ltd.................. 223,233 248,676 #* Microbio Co., Ltd.................................. 107,572 92,023 #* Microelectronics Technology, Inc................... 75,119 33,219 Microlife Corp..................................... 12,600 28,624 # MIN AIK Technology Co., Ltd........................ 36,000 168,150 Mirle Automation Corp.............................. 41,046 37,394 # Mitac Holdings Corp................................ 191,483 145,395 #* Mosel Vitelic, Inc................................. 89,806 20,037 # Motech Industries, Inc............................. 137,000 183,288 # MPI Corp........................................... 15,000 51,126 Nak Sealing Technologies Corp...................... 16,000 50,305 Namchow Chemical Industrial Co., Ltd............... 52,000 94,449 Nan Kang Rubber Tire Co., Ltd...................... 125,139 131,269 Nan Ren Lake Leisure Amusement Co., Ltd............ 99,000 40,365 # Nan Ya Plastics Corp............................... 469,674 943,686 #* Nan Ya Printed Circuit Board Corp.................. 99,072 139,198 Nantex Industry Co., Ltd........................... 90,854 47,173 # National Petroleum Co., Ltd........................ 49,000 56,080 # Neo Solar Power Corp............................... 228,477 196,799 # Netronix, Inc...................................... 29,000 41,808 New Asia Construction & Development Corp........... 43,880 11,957 New Era Electronics Co., Ltd....................... 20,000 21,941 Newmax Technology Co., Ltd......................... 17,077 20,803 Nichidenbo Corp.................................... 27,596 22,275 Nien Hsing Textile Co., Ltd........................ 85,476 70,046 Nishoku Technology, Inc............................ 9,000 13,253 Novatek Microelectronics Corp...................... 109,000 599,555 1220 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Nuvoton Technology Corp............................ 26,000 $ 23,321 #* Ocean Plastics Co., Ltd............................ 51,000 55,078 OptoTech Corp...................................... 200,000 84,210 * Orient Semiconductor Electronics, Ltd.............. 188,000 82,339 # Oriental Union Chemical Corp....................... 201,821 184,003 Pacific Construction Co............................ 59,000 24,358 Pacific Hospital Supply Co., Ltd................... 20,000 43,402 * Pan Jit International, Inc......................... 107,000 47,833 # Pan-International Industrial Corp.................. 146,514 86,285 # Parade Technologies, Ltd........................... 17,400 173,205 Paragon Technologies Co., Ltd...................... 30,762 48,736 # PChome Online, Inc................................. 19,945 223,174 Pegatron Corp...................................... 620,037 1,648,728 # Phihong Technology Co., Ltd........................ 128,584 70,550 Phison Electronics Corp............................ 46,000 326,100 Phoenix Tours International, Inc................... 14,000 18,228 # Pixart Imaging, Inc................................ 39,030 109,258 Polytronics Technology Corp........................ 21,000 44,799 # Portwell, Inc...................................... 40,000 73,233 # Posiflex Technology, Inc........................... 14,175 65,378 Pou Chen Corp...................................... 641,144 878,045 Power Mate Technology Co., Ltd..................... 10,000 23,577 #* Power Quotient International Co., Ltd.............. 66,800 33,068 * Powertech Industrial Co., Ltd...................... 16,000 10,797 Powertech Technology, Inc.......................... 278,400 460,574 Poya International Co., Ltd........................ 15,241 127,407 President Chain Store Corp......................... 109,000 837,915 President Securities Corp.......................... 253,932 129,570 Prime Electronics Satellitics, Inc................. 57,750 25,009 Prince Housing & Development Corp.................. 367,087 140,174 * Princeton Technology Corp.......................... 105,000 38,883 Promate Electronic Co., Ltd........................ 44,000 50,517 # Promise Technology, Inc............................ 44,000 51,123 * Qisda Corp......................................... 660,439 297,106 Qualipoly Chemical Corp............................ 23,000 17,799 # Quanta Computer, Inc............................... 265,715 647,545 * Quintain Steel Co., Ltd............................ 74,998 14,470 # Radiant Opto-Electronics Corp...................... 144,144 456,002 Radium Life Tech Co., Ltd.......................... 237,702 123,002 Ralec Electronic Corp.............................. 8,000 14,663 Realtek Semiconductor Corp......................... 96,268 291,884 # Rechi Precision Co., Ltd........................... 98,173 98,363 Rich Development Co., Ltd.......................... 224,254 94,863 Richtek Technology Corp............................ 46,537 235,852 #* Ritek Corp......................................... 1,077,117 126,579 Rotam Global Agrosciences, Ltd..................... 16,830 27,176 Ruentex Development Co., Ltd....................... 141,862 212,969 Ruentex Engineering & Construction Co.............. 11,000 22,118 Ruentex Industries, Ltd............................ 132,235 286,664 Run Long Construction Co., Ltd..................... 25,000 22,997 Sampo Corp......................................... 225,000 90,906 San Fang Chemical Industry Co., Ltd................ 47,918 51,263 San Shing Fastech Corp............................. 15,709 37,654 1221 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) #* Sanyang Motor Co., Ltd............................. 191,684 $167,304 Scientech Corp..................................... 6,000 11,957 SDI Corp........................................... 42,000 54,729 Sea Sonic Electronics Co., Ltd..................... 15,000 23,324 Senao International Co., Ltd....................... 29,000 46,977 Sercomm Corp....................................... 86,000 183,307 Sesoda Corp........................................ 39,690 48,945 Sheng Yu Steel Co., Ltd............................ 49,000 31,370 ShenMao Technology, Inc............................ 22,435 23,464 Shih Her Technologies, Inc......................... 11,000 20,023 Shih Wei Navigation Co., Ltd....................... 58,363 33,560 Shihlin Electric & Engineering Corp................ 86,000 108,144 * Shihlin Paper Corp................................. 22,000 25,855 # Shin Kong Financial Holding Co., Ltd............... 1,965,705 547,978 Shin Zu Shing Co., Ltd............................. 49,149 109,470 * Shining Building Business Co., Ltd................. 138,795 79,826 Shinkong Insurance Co., Ltd........................ 56,000 44,158 Shinkong Synthetic Fibers Corp..................... 581,191 198,988 Shinkong Textile Co., Ltd.......................... 45,800 57,704 Shiny Chemical Industrial Co., Ltd................. 10,112 14,113 Shuttle, Inc....................................... 200,000 55,298 Sigurd Microelectronics Corp....................... 157,559 150,020 Silicon Power Computer & Communications, Inc....... 23,000 22,744 Siliconware Precision Industries Co., Ltd.......... 309,000 521,045 # Siliconware Precision Industries Co., Ltd. Sponsored ADR.................................... 99,816 854,425 # Silitech Technology Corp........................... 56,396 39,758 Simplo Technology Co., Ltd......................... 91,000 446,546 # Sinbon Electronics Co., Ltd........................ 78,000 110,848 Sincere Navigation Corp............................ 132,350 108,438 Singatron Enterprise Co., Ltd...................... 36,000 16,371 Sinmag Equipment Corp.............................. 11,872 67,780 # Sino-American Silicon Products, Inc................ 230,000 360,522 Sinon Corp......................................... 181,000 97,284 # SinoPac Financial Holdings Co., Ltd................ 1,596,400 649,684 # Sinyi Realty, Inc.................................. 65,060 72,104 Sirtec International Co., Ltd...................... 35,000 73,665 Sitronix Technology Corp........................... 41,434 135,658 Siward Crystal Technology Co., Ltd................. 74,000 52,391 Solar Applied Materials Technology Co.............. 113,000 93,966 #* Solartech Energy Corp.............................. 173,000 103,098 * Solytech Enterprise Corp........................... 32,000 9,054 # Sonix Technology Co., Ltd.......................... 67,000 96,514 Southeast Cement Co., Ltd.......................... 137,000 71,365 Sporton International, Inc......................... 27,513 144,367 # St Shine Optical Co., Ltd.......................... 17,000 267,331 # Standard Foods Corp................................ 56,273 120,960 Stark Technology, Inc.............................. 39,000 36,615 Sunonwealth Electric Machine Industry Co., Ltd..... 79,000 50,964 Sunrex Technology Corp............................. 57,028 36,233 Sunspring Metal Corp............................... 55,000 105,194 Supreme Electronics Co., Ltd....................... 54,022 27,459 Swancor Ind Co., Ltd............................... 9,435 44,332 Sweeten Construction Co., Ltd...................... 30,467 17,750 1222 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- TAIWAN -- (Continued) Syncmold Enterprise Corp........................... 37,000 $ 78,575 # Synnex Technology International Corp............... 307,874 442,549 # Sysage Technology Co., Ltd......................... 17,325 19,466 T-Mac Techvest PCB Co., Ltd........................ 27,000 14,712 TA Chen Stainless Pipe............................. 220,342 146,737 * Ta Chong Bank, Ltd................................. 702,090 235,201 Ta Chong Securities Co., Ltd....................... 26,000 9,657 Ta Ya Electric Wire & Cable........................ 152,174 31,192 TA-I Technology Co., Ltd........................... 57,828 31,850 Tah Hsin Industrial Corp........................... 45,000 40,795 # Tai Tung Communication Co., Ltd.................... 29,049 39,922 Taichung Commercial Bank Co., Ltd.................. 634,297 209,326 TaiDoc Technology Corp............................. 14,000 52,903 # Taiflex Scientific Co., Ltd........................ 62,000 88,331 Taimide Tech, Inc.................................. 11,000 15,554 Tainan Enterprises Co., Ltd........................ 67,000 58,510 # Tainan Spinning Co., Ltd........................... 441,355 238,666 # Taishin Financial Holding Co., Ltd................. 2,992,481 1,226,956 * Taisun Enterprise Co., Ltd......................... 91,670 34,511 #* Taita Chemical Co., Ltd............................ 63,000 18,871 Taiwan Acceptance Corp............................. 54,000 128,865 * Taiwan Business Bank............................... 1,040,084 301,905 Taiwan Cement Corp................................. 705,375 952,336 Taiwan Chinsan Electronic Industrial Co., Ltd...... 33,000 49,900 # Taiwan Cogeneration Corp........................... 163,077 127,730 # Taiwan Cooperative Financial Holding Co., Ltd...... 1,228,144 633,407 # Taiwan Fertilizer Co., Ltd......................... 234,000 407,684 Taiwan Fire & Marine Insurance Co., Ltd............ 53,520 38,192 Taiwan FU Hsing Industrial Co., Ltd................ 30,000 33,272 # Taiwan Glass Industry Corp......................... 242,532 176,266 Taiwan Hon Chuan Enterprise Co., Ltd............... 74,054 134,723 Taiwan Hopax Chemicals Manufacturing Co., Ltd...... 30,000 19,187 * Taiwan Kolin Co., Ltd.............................. 292,000 -- # Taiwan Land Development Corp....................... 253,583 91,853 * Taiwan Life Insurance Co., Ltd..................... 104,907 71,737 Taiwan Line Tek Electronic......................... 25,196 19,252 Taiwan Mobile Co., Ltd............................. 228,800 754,445 Taiwan Navigation Co., Ltd......................... 40,000 26,513 Taiwan Paiho, Ltd.................................. 111,068 187,775 # Taiwan PCB Techvest Co., Ltd....................... 95,733 153,338 #* Taiwan Prosperity Chemical Corp.................... 62,000 47,336 * Taiwan Pulp & Paper Corp........................... 139,000 49,396 Taiwan Sakura Corp................................. 92,000 63,442 Taiwan Sanyo Electric Co., Ltd..................... 23,800 22,848 Taiwan Secom Co., Ltd.............................. 71,795 186,648 Taiwan Semiconductor Co., Ltd...................... 80,000 82,904 Taiwan Semiconductor Manufacturing Co., Ltd........ 1,930,214 8,488,364 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR.................................... 444,666 10,098,365 Taiwan Sogo Shin Kong SEC.......................... 15,150 18,479 # Taiwan Styrene Monomer............................. 223,164 93,506 Taiwan Surface Mounting Technology Co., Ltd........ 94,900 123,195 # Taiwan TEA Corp.................................... 323,648 180,933 Taiwan Union Technology Corp....................... 102,000 92,058 1223 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Taiyen Biotech Co., Ltd............................ 41,712 $ 32,516 * Tatung Co., Ltd.................................... 817,688 228,553 Te Chang Construction Co., Ltd..................... 23,058 20,065 Teco Electric and Machinery Co., Ltd............... 567,000 529,301 * Tekcore Co., Ltd................................... 12,000 3,912 Test Research, Inc................................. 35,571 57,429 Test-Rite International Co., Ltd................... 93,568 61,945 Thinking Electronic Industrial Co., Ltd............ 18,000 26,091 Thye Ming Industrial Co., Ltd...................... 46,125 53,642 # Ton Yi Industrial Corp............................. 207,300 133,248 Tong Hsing Electronic Industries, Ltd.............. 57,009 206,896 # Tong Yang Industry Co., Ltd........................ 156,640 184,299 # Tong-Tai Machine & Tool Co., Ltd................... 82,658 83,594 Topco Scientific Co., Ltd.......................... 59,404 107,258 Topco Technologies Corp............................ 8,000 17,806 # Topoint Technology Co., Ltd........................ 56,540 49,878 Toung Loong Textile Manufacturing.................. 22,000 59,662 # TPK Holding Co., Ltd............................... 11,000 71,264 Transasia Airways Corp............................. 27,000 11,850 Transcend Information, Inc......................... 33,890 107,990 Tripod Technology Corp............................. 143,170 309,991 Tsann Kuen Enterprise Co., Ltd..................... 32,000 32,570 TSC Auto ID Technology Co., Ltd.................... 4,000 32,767 # TSRC Corp.......................................... 134,452 159,922 Ttet Union Corp.................................... 19,000 42,703 TTFB Co., Ltd...................................... 2,000 15,418 Tung Ho Steel Enterprise Corp...................... 316,654 236,009 # Tung Thih Electronic Co., Ltd...................... 23,073 86,404 TURVO International Co., Ltd....................... 15,250 45,300 TXC Corp........................................... 145,204 175,485 * TYC Brother Industrial Co., Ltd.................... 83,091 58,983 #* Tycoons Group Enterprise........................... 221,000 41,841 * Tyntek Corp........................................ 7,157 318 * Tyntek Corp.(6136222).............................. 52,766 21,461 U-Ming Marine Transport Corp....................... 93,000 143,718 Ubright Optronics Corp............................. 14,300 21,249 Uni-President Enterprises Corp..................... 858,132 1,367,368 # Unimicron Technology Corp.......................... 435,312 298,117 #* Union Bank Of Taiwan............................... 329,457 109,558 #* Union Insurance Co., Ltd........................... 39,397 31,157 Unitech Computer Co., Ltd.......................... 21,000 11,940 # Unitech Printed Circuit Board Corp................. 188,979 82,815 United Integrated Services Co., Ltd................ 64,000 62,237 United Microelectronics Corp....................... 2,197,081 1,063,920 United Microelectronics Corp. Sponsored ADR........ 146,700 349,146 Unity Opto Technology Co., Ltd..................... 83,593 77,398 Universal Cement Corp.............................. 130,560 111,562 # Unizyx Holding Corp................................ 177,118 95,916 UPC Technology Corp................................ 260,458 96,848 # USI Corp........................................... 240,372 135,415 Vanguard International Semiconductor Corp.......... 247,000 418,377 Ve Wong Corp....................................... 34,000 25,368 Visual Photonics Epitaxy Co., Ltd.................. 75,677 76,682 1224 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ TAIWAN -- (Continued) # Vivotek, Inc....................................... 36,870 $ 115,666 #* Wafer Works Corp................................... 170,381 76,197 Wah Hong Industrial Corp........................... 19,694 21,390 # Wah Lee Industrial Corp............................ 64,000 109,065 * Walsin Lihwa Corp.................................. 1,062,000 327,809 #* Walsin Technology Corp............................. 281,699 109,308 Walton Advanced Engineering, Inc................... 178,000 78,318 Wan Hai Lines, Ltd................................. 268,247 284,496 WAN HWA Enterprise Co.............................. 10,795 5,108 * Ways Technical Corp., Ltd.......................... 16,000 14,915 # Wei Chuan Foods Corp............................... 122,000 98,633 #* Wei Mon Industry Co., Ltd.......................... 118,763 34,258 Weikeng Industrial Co., Ltd........................ 51,750 38,475 Well Shin Technology Co., Ltd...................... 29,160 44,460 Win Semiconductors Corp............................ 201,000 211,145 #* Winbond Electronics Corp........................... 1,092,000 342,394 * Wintek Corp........................................ 461,871 26,821 # Wisdom Marine Lines Co., Ltd....................... 64,060 75,316 Wistron Corp....................................... 773,367 705,071 # Wistron NeWeb Corp................................. 91,901 197,148 # WPG Holdings, Ltd.................................. 378,847 470,372 * WT Microelectronics Co., Ltd....................... 12,705 3,306 WT Microelectronics Co., Ltd.(6290991)............. 107,216 156,532 WUS Printed Circuit Co., Ltd....................... 123,000 58,203 X-Legend Entertainment Co., Ltd.................... 5,625 29,607 Xxentria Technology Materials Corp................. 27,211 77,522 Yageo Corp......................................... 157,682 282,397 # YC Co., Ltd........................................ 191,262 95,925 # YC INOX Co., Ltd................................... 104,000 79,702 # YeaShin International Development Co., Ltd......... 78,252 44,522 # Yeong Guan Energy Technology Group Co., Ltd........ 21,356 88,386 # YFY, Inc........................................... 470,891 194,088 # Yieh Phui Enterprise Co., Ltd...................... 444,558 128,969 * Young Fast Optoelectronics Co., Ltd................ 50,298 36,198 Young Optics, Inc.................................. 27,000 56,759 # Youngtek Electronics Corp.......................... 56,691 112,861 Yuanta Financial Holding Co., Ltd.................. 1,454,203 697,621 # Yulon Motor Co., Ltd............................... 252,783 369,157 Yung Chi Paint & Varnish Manufacturing Co., Ltd.... 25,362 67,525 # Yungshin Construction & Development Co., Ltd....... 17,000 34,360 # Yungtay Engineering Co., Ltd....................... 137,000 316,721 Zeng Hsing Industrial Co., Ltd..................... 14,837 74,451 Zenitron Corp...................................... 40,000 21,772 # Zhen Ding Technology Holding, Ltd.................. 116,000 325,148 Zig Sheng Industrial Co., Ltd...................... 113,231 32,322 Zinwell Corp....................................... 78,010 78,252 # Zippy Technology Corp.............................. 55,000 68,244 # ZongTai Real Estate Development Co., Ltd........... 34,803 20,012 ------------ TOTAL TAIWAN 132,269,969 ------------ THAILAND -- (3.5%) AAPICO Hitech PCL.................................. 84,120 36,753 Advanced Info Service PCL.......................... 212,800 1,592,912 1225 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------- THAILAND -- (Continued) Airports of Thailand PCL........................... 74,000 $732,539 * AJ Plast PCL....................................... 60,300 16,765 Amata Corp. PCL.................................... 211,300 107,167 Ananda Development PCL............................. 849,900 98,675 AP Thailand PCL.................................... 877,102 171,508 Asia Green Energy PCL.............................. 95,920 6,858 Asia Plus Group Holdings Securities................ 288,300 38,757 Asian Insulators PCL............................... 170,700 63,106 Bangchak Petroleum PCL (The)....................... 334,400 349,930 Bangkok Aviation Fuel Services PCL................. 54,500 53,284 Bangkok Bank PCL(6368360).......................... 88,700 516,265 Bangkok Bank PCL(6077019).......................... 40,600 238,167 Bangkok Expressway PCL............................. 117,700 140,247 Bangkok Insurance PCL.............................. 3,580 39,924 Bangkok Life Assurance PCL......................... 133,140 211,527 * Bangkok Metro PCL.................................. 478,438 27,774 Bangkokland PCL.................................... 4,661,400 250,659 Banpu PCL(BJFHBT4)................................. 431,700 320,510 Banpu PCL(6368348)................................. 21,000 15,591 Beauty Community PCL............................... 52,700 61,588 BEC World PCL...................................... 282,100 443,879 Berli Jucker PCL................................... 209,000 257,020 Big C Supercenter PCL(6368434)..................... 64,900 477,877 Big C Supercenter PCL(6763932)..................... 22,000 161,992 Cal-Comp Electronics Thailand PCL.................. 930,356 105,173 Central Pattana PCL................................ 364,500 498,362 Central Plaza Hotel PCL............................ 260,800 270,920 CH Karnchang PCL................................... 103,472 92,470 Charoen Pokphand Foods PCL......................... 410,293 316,526 Charoong Thai Wire & Cable PCL..................... 88,000 32,533 Christiani & Nielsen Thai.......................... 91,300 14,645 CP ALL PCL......................................... 641,100 812,883 CS Loxinfo PCL..................................... 30,600 7,246 Delta Electronics Thailand PCL..................... 137,200 311,247 Demco PCL.......................................... 84,400 39,196 Dhipaya Insurance PCL.............................. 43,200 52,136 Diamond Building Products PCL...................... 265,800 44,259 DSG International Thailand PCL..................... 93,800 23,643 Dynasty Ceramic PCL................................ 565,000 102,712 Eastern Water Resources Development and Management PCL.............................................. 217,400 73,064 Erawan Group PCL (The)............................. 355,000 52,930 * Esso Thailand PCL.................................. 877,100 138,010 * G J Steel PCL...................................... 11,407,500 20,912 GFPT PCL........................................... 287,400 137,861 Glow Energy PCL.................................... 136,100 379,442 * GMM Grammy PCL..................................... 78,480 34,289 * Golden Land Property Development PCL............... 244,800 60,583 Grand Canal Land PCL............................... 605,900 61,830 * Grande Asset Hotels & Property PCL................. 532,000 34,784 Hana Microelectronics PCL.......................... 108,401 133,307 Hemaraj Land and Development PCL................... 1,118,000 151,663 Home Product Center PCL............................ 1,445,370 359,907 ICC International PCL.............................. 27,800 33,550 1226 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) Indorama Ventures PCL.............................. 436,000 $ 290,400 Intouch Holdings PCL............................... 85,000 209,708 IRPC PCL........................................... 3,227,200 337,214 * Italian-Thai Development PCL....................... 483,366 131,438 Jasmine International PCL.......................... 1,380,800 350,157 Jay Mart PCL....................................... 123,950 49,610 Kasikornbank PCL(6364766).......................... 332,400 2,254,592 Kasikornbank PCL(6888794).......................... 94,500 646,746 KCE Electronics PCL................................ 143,500 207,161 KGI Securities Thailand PCL........................ 370,400 43,230 Khon Kaen Sugar Industry PCL....................... 243,600 97,500 Kiatnakin Bank PCL................................. 259,700 321,352 Krung Thai Bank PCL................................ 1,555,650 1,078,926 Krungthai Card PCL................................. 40,200 76,457 Land & Houses PCL(6581930)......................... 174,500 49,849 Land & Houses PCL(6581941)......................... 476,120 133,831 Lanna Resources PCL................................ 67,200 24,022 Loxley PCL......................................... 403,570 53,020 LPN Development PCL................................ 161,500 103,620 Major Cineplex Group PCL........................... 161,500 133,226 Maybank Kim Eng Securities Thailand PCL............ 40,700 30,217 MBK PCL............................................ 251,000 112,731 MCOT PCL........................................... 120,300 58,073 Minor International PCL............................ 249,260 276,067 Modernform Group PCL............................... 18,700 5,713 Nation Multimedia Group PCL........................ 753,500 41,209 * Polyplex Thailand PCL.............................. 144,500 46,798 Precious Shipping PCL.............................. 210,500 90,040 Premier Marketing PCL.............................. 180,500 52,942 * Property Perfect PCL............................... 1,240,300 48,126 Pruksa Real Estate PCL............................. 400,400 394,528 PTG Energy PCL..................................... 288,300 50,648 PTT Exploration & Production PCL................... 562,186 1,872,236 PTT Global Chemical PCL............................ 374,156 645,885 PTT PCL(6420390)................................... 319,800 3,380,715 PTT PCL(6420408)................................... 28,700 303,397 Quality Houses PCL................................. 1,345,983 161,205 * Raimon Land PCL.................................... 1,142,800 71,927 Ratchaburi Electricity Generating Holding PCL(6294249)..................................... 117,800 215,949 Ratchaburi Electricity Generating Holding PCL(6362771)..................................... 63,600 116,590 * Regional Container Lines PCL....................... 202,700 58,834 Robinson Department Store PCL...................... 97,300 133,033 * Rojana Industrial Park PCL......................... 176,600 43,705 RS PCL............................................. 305,200 186,496 * Sahaviriya Steel Industries PCL.................... 5,877,500 48,485 Samart Corp. PCL................................... 206,000 256,477 Samart I-Mobile PCL................................ 874,400 88,696 Samart Telcoms PCL................................. 185,200 144,290 Sansiri PCL........................................ 4,197,933 232,150 SC Asset Corp PCL.................................. 932,175 104,240 Siam Cement PCL (The)(6609906)..................... 10,000 152,154 Siam Cement PCL (The)(6609928)..................... 63,000 954,720 Siam City Cement PCL............................... 33,600 439,377 1227 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) Siam Commercial Bank PCL (The)..................... 198,500 $1,088,627 Siam Future Development PCL........................ 347,292 71,623 Siam Global House PCL.............................. 305,296 110,067 Siamgas & Petrochemicals PCL....................... 167,800 59,471 Sino Thai Engineering & Construction PCL........... 233,742 187,465 SNC Former PCL..................................... 42,000 19,505 Somboon Advance Technology PCL..................... 131,150 71,726 SPCG PCL........................................... 160,400 138,445 Sri Ayudhya Capital PCL............................ 20,800 23,672 Sri Trang Agro-Industry PCL........................ 315,300 131,014 Sriracha Construction PCL.......................... 90,600 87,195 Srithai Superware PCL.............................. 267,000 22,026 STP & I PCL........................................ 294,800 179,240 Supalai PCL(6554675)............................... 388,600 289,699 Supalai PCL(6554749)............................... 30,000 22,365 Susco PCL.......................................... 46,500 5,285 SVI PCL............................................ 459,885 60,138 Symphony Communication PCL......................... 14,600 6,646 * Tata Steel Thailand PCL............................ 1,019,200 25,223 Thai Agro Energy PCL............................... 13,440 1,577 * Thai Airways International PCL..................... 536,800 250,933 * Thai Carbon Black PCL.............................. 27,200 22,023 Thai Central Chemical PCL.......................... 23,300 23,492 Thai Oil PCL....................................... 306,600 480,087 Thai Rung Union Car PCL............................ 116,640 17,997 Thai Stanley Electric PCL.......................... 11,300 70,776 Thai Union Frozen Products PCL..................... 548,632 365,419 Thai Vegetable Oil PCL............................. 158,200 107,787 Thai-German Ceramic Industry PCL................... 208,400 20,120 Thaicom PCL........................................ 221,700 264,170 Thanachart Capital PCL............................. 292,300 296,944 Thitikorn PCL...................................... 50,500 16,972 * Thoresen Thai Agencies PCL......................... 244,112 128,284 Ticon Industrial Connection PCL.................... 156,504 85,114 Tipco Asphalt PCL.................................. 18,400 45,958 * TIPCO Foods PCL.................................... 127,100 28,930 Tisco Financial Group PCL.......................... 174,700 248,199 TMB Bank PCL....................................... 3,747,100 354,904 Total Access Communication PCL..................... 247,100 709,667 Toyo-Thai Corp. PCL(B5ML0D8)....................... 47,729 40,102 Toyo-Thai Corp. PCL(B5ML0B6)....................... 44,910 37,734 TPI Polene PCL..................................... 3,798,800 280,877 * True Corp. PCL..................................... 1,744,987 725,079 TTW PCL............................................ 674,700 253,554 Union Mosaic Industry PCL (The).................... 67,500 12,580 Unique Engineering & Construction PCL.............. 316,550 152,811 Univanich Palm Oil PCL............................. 37,000 12,096 Univentures PCL.................................... 194,600 56,186 Vanachai Group PCL................................. 265,420 66,091 Vinythai PCL....................................... 159,500 49,707 1228 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- THAILAND -- (Continued) * Workpoint Entertainment PCL............................ 30,900 $ 51,217 ----------- TOTAL THAILAND............................................. 36,113,888 ----------- TURKEY -- (2.1%) Adana Cimento Sanayii TAS Class A...................... 35,089 92,548 Adel Kalemcilik Ticaret ve Sanayi A.S.................. 1,216 33,867 #* Adese Alisveris Merkezleri Ticaret A.S................. 13,137 47,708 Akbank TAS............................................. 414,253 1,509,144 Akcansa Cimento A.S.................................... 27,669 195,145 * Akenerji Elektrik Uretim A.S........................... 150,290 75,226 # Akfen Holding A.S...................................... 46,043 94,526 Aksa Akrilik Kimya Sanayii A.S......................... 47,277 183,252 Aksigorta A.S.......................................... 59,107 60,786 Alarko Holding A.S..................................... 34,317 59,987 Alkim Alkali Kimya A.S................................. 2,621 15,221 * Anadolu Anonim Turk Sigorta Sirketi.................... 78,516 45,168 # Anadolu Cam Sanayii A.S................................ 78,968 64,680 # Anadolu Hayat Emeklilik A.S............................ 29,122 64,595 Arcelik A.S............................................ 88,070 559,713 * Asya Katilim Bankasi A.S............................... 238,653 60,583 * Bagfas Bandirma Gubre Fabrikalari A.S.................. 7,985 46,994 * Banvit Bandirma Vitaminli Yem Sanayii ASA.............. 41,045 51,518 Baticim Bati Anadolu Cimento Sanayii A.S............... 18,986 58,120 #* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S...... 53,022 50,217 BIM Birlesik Magazalar A.S............................. 57,717 1,164,739 #* Bolu Cimento Sanayii A.S............................... 34,685 87,090 # Borusan Mannesmann Boru Sanayi ve Ticaret A.S.......... 13,500 39,412 * Boyner Perakende Ve Tekstil Yatirimlari AS............. 2,373 46,103 Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S........ 26,234 115,984 Bursa Cimento Fabrikasi A.S............................ 15,037 35,069 * Celebi Hava Servisi A.S................................ 5,589 73,468 Cimsa Cimento Sanayi VE Ticaret A.S.................... 29,398 207,193 Coca-Cola Icecek A.S................................... 18,284 368,676 #* Dogan Sirketler Grubu Holding A.S...................... 411,034 123,832 Dogus Otomotiv Servis ve Ticaret A.S................... 31,958 181,550 #* Dyo Boya Fabrikalari Sanayi ve Ticaret A.S............. 81,149 72,473 EGE Endustri VE Ticaret A.S............................ 1,096 91,208 EGE Seramik Sanayi ve Ticaret A.S...................... 25,836 44,725 Enka Insaat ve Sanayi A.S.............................. 62,009 125,277 Eregli Demir ve Celik Fabrikalari TAS.................. 526,258 943,441 * Fenerbahce Futbol A.S.................................. 2,685 37,536 Ford Otomotiv Sanayi A.S............................... 28,029 388,724 #* Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S..... 2,782 20,773 Gentas Genel Metal Sanayi ve Ticaret A.S............... 36,786 24,731 * Global Yatirim Holding A.S............................. 161,491 109,959 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.... 4,349 134,737 # Goodyear Lastikleri TAS................................ 2,017 67,076 #* Gozde Girisim Sermayesi Yatirim Ortakligi A.S.......... 68,781 84,229 #* GSD Holding............................................ 176,329 109,161 Gubre Fabrikalari TAS.................................. 62,252 141,480 #* Hurriyet Gazetecilik A.S............................... 135,284 45,655 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S.......................................... 5,919 14,156 * Ipek Dogal Enerji Kaynaklari Ve Uretim A.S............. 37,047 23,981 1229 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TURKEY -- (Continued) Is Finansal Kiralama A.S................................ 18,412 $ 7,733 #* Izmir Demir Celik Sanayi A.S............................ 13,823 15,264 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A............................................... 107,910 104,623 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B............................................... 32,419 36,577 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D............................................... 515,436 421,655 #* Karsan Otomotiv Sanayii Ve Ticaret A.S.................. 131,786 90,669 Kartonsan Karton Sanayi ve Ticaret A.S.................. 381 39,027 KOC Holding A.S......................................... 86,347 447,730 Konya Cimento Sanayii A.S............................... 466 61,225 Koza Altin Isletmeleri A.S.............................. 10,739 84,937 # Mardin Cimento Sanayii ve Ticaret A.S................... 21,087 43,448 #* Menderes Tekstil Sanayi ve Ticaret A.S.................. 84,060 26,703 * Metro Ticari ve Mali Yatirimlar Holding A.S............. 47,720 12,275 #* Migros Ticaret A.S...................................... 13,250 123,878 #* Netas Telekomunikasyon A.S.............................. 12,310 50,919 Nuh Cimento Sanayi A.S.................................. 20,182 88,910 # Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S... 33,380 55,790 * Parsan Makina Parcalari................................. 2,251 4,858 Petkim Petrokimya Holding A.S........................... 73,352 114,358 Pinar Entegre Et ve Un Sanayi A.S....................... 5,800 22,916 Pinar SUT Mamulleri Sanayii A.S......................... 5,992 53,852 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S...... 14,081 17,816 * Sasa Polyester Sanayi A.S............................... 51,100 43,541 #* Sekerbank TAS........................................... 216,794 166,871 Selcuk Ecza Deposu Ticaret ve Sanayi A.S................ 75,781 69,172 # Soda Sanayii A.S........................................ 137,737 293,584 #* Tat Gida Sanayi A.S..................................... 42,626 70,182 TAV Havalimanlari Holding A.S........................... 62,527 466,399 * Tekfen Holding A.S...................................... 86,429 202,405 # Teknosa Ic Ve Dis Ticaret A.S........................... 16,869 62,037 #* Tekstil Bankasi A.S..................................... 83,398 63,644 Tofas Turk Otomobil Fabrikasi A.S....................... 49,692 330,792 Trakya Cam Sanayii A.S.................................. 158,102 231,943 Tupras Turkiye Petrol Rafinerileri A.S.................. 14,501 314,291 Turcas Petrol A.S....................................... 54,871 52,930 Turk Telekomunikasyon A.S............................... 107,271 320,938 Turk Traktor ve Ziraat Makineleri A.S................... 5,293 174,837 * Turkcell Iletisim Hizmetleri A.S........................ 143,937 828,624 * Turkcell Iletisim Hizmetleri A.S. ADR................... 24,748 357,361 Turkiye Garanti Bankasi A.S............................. 465,683 1,958,098 Turkiye Halk Bankasi A.S................................ 191,598 1,230,272 Turkiye Is Bankasi...................................... 345,788 1,002,359 Turkiye Sinai Kalkinma Bankasi A.S...................... 279,404 232,124 Turkiye Sise ve Cam Fabrikalari A.S..................... 447,085 697,892 Turkiye Vakiflar Bankasi Tao............................ 334,683 777,528 Ulker Biskuvi Sanayi A.S................................ 62,366 493,367 Vestel Beyaz Esya Sanayi ve Ticaret A.S................. 33,719 138,282 * Vestel Elektronik Sanayi ve Ticaret A.S................. 72,656 177,801 # Yapi ve Kredi Bankasi A.S............................... 148,663 307,326 1230 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ TURKEY -- (Continued) #* Zorlu Enerji Elektrik Uretim A.S................... 71,834 $ 65,516 ------------ TOTAL TURKEY........................................... 21,346,715 ------------ TOTAL COMMON STOCKS.................................... 923,812,370 ------------ PREFERRED STOCKS -- (3.9%) BRAZIL -- (3.8%) AES Tiete SA....................................... 51,333 317,094 Alpargatas SA...................................... 60,817 192,967 Banco ABC Brasil SA................................ 49,793 210,261 Banco Bradesco SA.................................. 580,790 7,321,030 Banco Bradesco SA ADR.............................. 141,580 1,766,923 Banco Daycoval SA.................................. 22,100 69,025 Banco do Estado do Rio Grande do Sul SA Class B.... 115,416 526,937 * Banco Industrial e Comercial SA.................... 21,889 44,459 * Banco Pan SA....................................... 92,332 59,260 Banco Pine SA...................................... 8,710 11,913 Centrais Eletricas Brasileiras SA Class B.......... 61,000 139,967 Centrais Eletricas Santa Catarina.................. 6,450 32,847 Cia Brasileira de Distribuicao..................... 62,914 2,098,018 Cia de Gas de Sao Paulo COMGAS Class A............. 7,700 128,551 Cia de Saneamento do Parana........................ 100 186 Cia de Transmissao de Energia Eletrica Paulista.... 20,535 300,031 Cia Energetica de Minas Gerais..................... 392,503 1,742,761 Cia Energetica de Sao Paulo Class B................ 95,000 831,826 Cia Energetica do Ceara Class A.................... 4,682 62,483 Cia Ferro Ligas da Bahia - Ferbasa................. 16,000 43,350 Cia Paranaense de Energia.......................... 42,068 487,434 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA......................................... 80,195 201,351 * Eucatex SA Industria e Comercio.................... 6,800 7,850 * Forjas Taurus SA................................... 2,429 3,139 * Gol Linhas Aereas Inteligentes SA.................. 70,000 316,679 Itau Unibanco Holding SA........................... 845,632 10,377,661 Itau Unibanco Holding SA ADR....................... 224,816 2,724,770 Lojas Americanas SA................................ 220,654 1,278,510 Marcopolo SA....................................... 216,200 216,431 * Oi SA.............................................. 23,871 44,027 Petroleo Brasileiro SA............................. 370,893 1,128,908 Petroleo Brasileiro SA Sponsored ADR............... 176,992 1,088,501 Randon Participacoes SA............................ 95,875 142,974 Saraiva SA Livreiros Editores...................... 9,515 16,230 Suzano Papel e Celulose SA Class A................. 165,200 671,985 Telefonica Brasil SA............................... 64,856 1,198,995 * Usinas Siderurgicas de Minas Gerais SA Class A..... 272,800 340,587 Vale SA............................................ 170,649 1,057,929 # Vale SA Sponsored ADR.............................. 256,045 1,602,842 ------------ TOTAL BRAZIL........................................... 38,806,692 ------------ CHILE -- (0.0%) Embotelladora Andina SA............................ 18,695 44,269 1231 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- CHILE -- (Continued) Embotelladora Andina SA Class B.............. 18,186 $ 51,192 -------------- TOTAL CHILE...................................... 95,461 -------------- COLOMBIA -- (0.1%) Avianca Holdings SA.......................... 75,311 114,047 Banco Davivienda SA.......................... 25,146 264,033 Grupo Aval Acciones y Valores................ 209,537 110,350 Grupo de Inversiones Suramericana SA......... 9,028 128,760 -------------- TOTAL COLOMBIA................................... 617,190 -------------- TOTAL PREFERRED STOCKS........................... 39,519,343 -------------- RIGHTS/WARRANTS -- (0.0%) HONG KONG -- (0.0%) * HKC Holdings, Ltd. Warrants 10/15/15......... 1 -- -------------- MALAYSIA -- (0.0%) * CB Industrial Product Holdings Bhd Warrants 12/31/15................................... 12,047 1,693 * Eastern & Oriental Bhd....................... 67,060 -- * Goldis Bhd 02/06/15.......................... 7,877 11 * Inari Amertron Rights 05/15/15............... 22,138 13,668 * Insas Bhd.................................... 48,883 2,830 * Mah Sing Group Bhd........................... 127,883 15,862 -------------- TOTAL MALAYSIA................................... 34,064 -------------- POLAND -- (0.0%) * PZ Cormay SA Rights.......................... 4,936 9 -------------- SOUTH AFRICA -- (0.0%) * Invicta Holdings, Ltd........................ 1,427 919 -------------- SOUTH KOREA -- (0.0%) * Hyundai Merchant Marine Co., Ltd............. 1,248 3,401 -------------- THAILAND -- (0.0%) * Loxley PCL Warrants 09/30/17................. 1,593 93 -------------- TOTAL RIGHTS/WARRANTS............................ 38,486 -------------- SECURITIES LENDING COLLATERAL -- (6.0%) (S)@ DFA Short Term Investment Fund.............. 5,298,524 61,303,924 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $974,783,083)^^........................... $1,024,674,123 ============== 1232 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------------ ------- -------------- Common Stocks Brazil................... $ 14,143,231 $ 52,743,709 -- $ 66,886,940 Chile.................... 6,548,215 9,121,531 -- 15,669,746 China.................... 21,686,278 127,906,281 -- 149,592,559 Colombia................. 6,355,726 3,710 -- 6,359,436 Czech Republic........... -- 1,986,823 -- 1,986,823 Egypt.................... -- 955,793 -- 955,793 Greece................... 51,384 3,708,385 -- 3,759,769 Hungary.................. -- 1,436,040 -- 1,436,040 India.................... 5,725,517 96,734,337 -- 102,459,854 Indonesia................ 2,335,555 33,573,715 -- 35,909,270 Malaysia................. -- 39,172,646 -- 39,172,646 Mexico................... 50,741,571 267,932 -- 51,009,503 Peru..................... 2,124,201 -- -- 2,124,201 Philippines.............. 638,786 14,132,240 -- 14,771,026 Poland................... 2,242 19,493,534 -- 19,495,776 Russia................... 983,742 8,275,281 -- 9,259,023 South Africa............. 11,719,721 64,133,322 -- 75,853,043 South Korea.............. 7,318,587 129,050,839 -- 136,369,426 Spain.................... 1,010,924 -- -- 1,010,924 Taiwan................... 13,933,512 118,336,457 -- 132,269,969 Thailand................. 36,113,888 -- -- 36,113,888 Turkey................... 357,361 20,989,354 -- 21,346,715 Preferred Stocks Brazil................... 7,623,531 31,183,161 -- 38,806,692 Chile.................... -- 95,461 -- 95,461 Colombia................. 617,190 -- -- 617,190 Rights/Warrants Hong Kong................ -- -- -- -- Malaysia................. -- 34,064 -- 34,064 Poland................... -- 9 -- 9 South Africa............. -- 919 -- 919 South Korea.............. -- 3,401 -- 3,401 Thailand................. -- 93 -- 93 Securities Lending Collateral................ -- 61,303,924 -- 61,303,924 ------------ ------------ -- -------------- TOTAL....................... $190,031,162 $834,642,961 -- $1,024,674,123 ============ ============ == ============== 1233 TAX-MANAGED U.S. MARKETWIDE VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ -------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Tax-Managed U.S. Marketwide Value Series of The DFA Investment Trust Company............................. $3,615,522,608 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $2,058,989,283)^^................................... $3,615,522,608 ============== Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 1234 TAX-MANAGED U.S. EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------ ----------- COMMON STOCKS -- (93.5%) Consumer Discretionary -- (12.5%) * 1-800-Flowers.com, Inc. Class A.................... 3,914 $ 30,881 Aaron's, Inc....................................... 7,750 245,365 # Abercrombie & Fitch Co. Class A.................... 8,850 225,852 Advance Auto Parts, Inc............................ 7,900 1,256,100 #* Aeropostale, Inc................................... 8,325 20,313 AH Belo Corp. Class A.............................. 1,226 11,059 * Amazon.com, Inc.................................... 41,188 14,602,382 * Ambassadors Group, Inc............................. 1,423 3,586 #* AMC Networks, Inc. Class A......................... 6,881 458,963 * America's Car-Mart, Inc............................ 1,100 58,421 * American Axle & Manufacturing Holdings, Inc........ 7,152 174,151 # American Eagle Outfitters, Inc..................... 18,300 256,932 #* American Public Education, Inc..................... 2,200 73,854 * ANN, Inc........................................... 5,225 172,947 * Apollo Education Group, Inc. Class A............... 10,210 257,905 Arctic Cat, Inc.................................... 2,500 84,050 * Asbury Automotive Group, Inc....................... 2,900 215,209 * Ascena Retail Group, Inc........................... 13,900 160,684 #* Ascent Capital Group, Inc. Class A................. 1,135 48,022 # Autoliv, Inc....................................... 10,143 1,075,767 #* AutoNation, Inc.................................... 7,773 463,426 * AutoZone, Inc...................................... 3,600 2,149,056 * Ballantyne Strong, Inc............................. 2,600 10,634 #* Barnes & Noble, Inc................................ 3,400 79,866 Bassett Furniture Industries, Inc.................. 306 6,799 Beasley Broadcast Group, Inc. Class A.............. 325 1,697 #* Beazer Homes USA, Inc.............................. 779 12,308 # bebe stores, Inc................................... 3,388 12,129 #* Bed Bath & Beyond, Inc............................. 22,104 1,652,716 * Belmond, Ltd. Class A.............................. 8,827 97,009 Best Buy Co., Inc.................................. 31,670 1,114,784 Big 5 Sporting Goods Corp.......................... 2,146 25,559 Big Lots, Inc...................................... 5,898 270,777 * Biglari Holdings, Inc.............................. 258 106,804 #* BJ's Restaurants, Inc.............................. 2,498 110,636 * Bloomin' Brands, Inc............................... 10,000 247,150 #* Blue Nile, Inc..................................... 1,407 43,730 Blyth, Inc......................................... 836 6,195 Bob Evans Farms, Inc............................... 3,500 197,295 # Bon-Ton Stores, Inc. (The)......................... 2,096 11,486 * Books-A-Million, Inc............................... 1,295 3,263 BorgWarner, Inc.................................... 24,730 1,335,667 #* Boyd Gaming Corp................................... 5,900 77,054 * Bravo Brio Restaurant Group, Inc................... 1,543 20,290 #* Bridgepoint Education, Inc......................... 1,683 16,611 * Bright Horizons Family Solutions, Inc.............. 2,000 97,100 Brinker International, Inc......................... 7,728 451,547 Brown Shoe Co., Inc................................ 5,187 147,259 # Brunswick Corp..................................... 9,948 539,977 # Buckle, Inc. (The)................................. 3,112 158,058 #* Buffalo Wild Wings, Inc............................ 2,000 356,640 1235 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Build-A-Bear Workshop, Inc......................... 2,400 $ 49,488 #* Cabela's, Inc...................................... 4,900 269,255 # Cablevision Systems Corp. Class A.................. 23,295 440,741 # Callaway Golf Co................................... 13,384 109,213 * Cambium Learning Group, Inc........................ 11,314 28,398 Capella Education Co............................... 1,400 95,186 #* Career Education Corp.............................. 6,800 37,944 #* CarMax, Inc........................................ 24,738 1,536,230 * Carmike Cinemas, Inc............................... 3,469 95,987 Carnival Corp...................................... 43,471 1,910,985 # Carriage Services, Inc............................. 2,167 47,241 * Carrols Restaurant Group, Inc...................... 2,151 17,122 Carter's, Inc...................................... 5,300 431,897 Cato Corp. (The) Class A........................... 2,761 117,066 * Cavco Industries, Inc.............................. 1,157 85,051 # CBS Corp. Class A.................................. 5,128 286,937 CBS Corp. Class B.................................. 57,458 3,149,273 #* Central European Media Enterprises, Ltd. Class A... 524 1,362 * Charter Communications, Inc. Class A............... 7,534 1,138,500 # Cheesecake Factory, Inc. (The)..................... 5,550 291,430 Cherokee, Inc...................................... 542 9,854 Chico's FAS, Inc................................... 18,000 300,240 # Children's Place, Inc. (The)....................... 2,340 140,283 * Chipotle Mexican Grill, Inc........................ 3,385 2,402,808 # Choice Hotels International, Inc................... 3,479 199,869 * Christopher & Banks Corp........................... 817 4,257 Churchill Downs, Inc............................... 1,444 137,166 #* Chuy's Holdings, Inc............................... 1,600 34,192 * Cinedigm Corp...................................... 9,275 13,820 Cinemark Holdings, Inc............................. 12,617 468,974 * Citi Trends, Inc................................... 1,200 27,468 Clear Channel Outdoor Holdings, Inc. Class A....... 3,850 34,842 Coach, Inc......................................... 28,168 1,047,568 Collectors Universe, Inc........................... 600 14,100 Columbia Sportswear Co............................. 2,654 112,795 Comcast Corp. Class A.............................. 232,703 12,367,001 # Comcast Corp. Special Class A...................... 47,472 2,511,269 #* Conn's, Inc........................................ 2,882 45,363 Cooper Tire & Rubber Co............................ 6,429 223,665 Core-Mark Holding Co., Inc......................... 2,400 160,032 # Cracker Barrel Old Country Store, Inc.............. 2,300 309,373 * Crocs, Inc......................................... 9,700 102,820 * Crown Media Holdings, Inc. Class A................. 130 416 # CSS Industries, Inc................................ 1,250 34,000 CST Brands, Inc.................................... 8,177 352,429 Culp, Inc.......................................... 1,492 29,974 #* Cumulus Media, Inc. Class A........................ 4,000 13,920 # Dana Holding Corp.................................. 16,576 345,941 # Darden Restaurants, Inc............................ 13,662 838,574 #* Deckers Outdoor Corp............................... 4,300 284,015 * Del Frisco's Restaurant Group, Inc................. 1,881 37,300 Delphi Automotive P.L.C............................ 32,209 2,213,725 Destination Maternity Corp......................... 1,600 24,496 1236 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) #* Destination XL Group, Inc.......................... 4,200 $ 21,336 DeVry Education Group, Inc......................... 5,279 223,882 Dick's Sporting Goods, Inc......................... 11,039 570,164 Dillard's, Inc. Class A............................ 3,826 434,634 DineEquity, Inc.................................... 1,700 181,475 * DIRECTV............................................ 57,609 4,912,896 * Discovery Communications, Inc...................... 29,985 835,982 #* Discovery Communications, Inc. Class A............. 15,081 437,123 * DISH Network Corp. Class A......................... 23,755 1,671,164 * Dollar General Corp................................ 32,101 2,152,693 * Dollar Tree, Inc................................... 24,100 1,713,510 # Domino's Pizza, Inc................................ 6,204 614,506 #* Dorman Products, Inc............................... 2,578 117,892 DR Horton, Inc..................................... 34,482 845,499 #* DreamWorks Animation SKG, Inc. Class A............. 7,680 143,386 * Drew Industries, Inc............................... 2,271 114,186 DSW, Inc. Class A.................................. 7,616 270,825 Dunkin' Brands Group, Inc.......................... 10,785 510,238 #* Entercom Communications Corp. Class A.............. 2,510 29,041 # Entravision Communications Corp. Class A........... 4,908 30,282 # Ethan Allen Interiors, Inc......................... 2,900 78,938 * EVINE Live, Inc.................................... 3,000 18,810 #* EW Scripps Co. (The) Class A....................... 3,300 65,109 Expedia, Inc....................................... 10,948 940,762 * Express, Inc....................................... 8,200 107,256 Family Dollar Stores, Inc.......................... 11,175 850,417 #* Famous Dave's Of America, Inc...................... 1,098 33,236 #* Federal-Mogul Holdings Corp........................ 2,097 28,372 * Fiesta Restaurant Group, Inc....................... 2,996 176,974 Finish Line, Inc. (The) Class A.................... 5,300 125,080 #* Five Below, Inc.................................... 4,021 133,980 Foot Locker, Inc................................... 15,542 827,145 Ford Motor Co...................................... 386,966 5,692,270 * Fossil Group, Inc.................................. 5,703 557,753 # Fred's, Inc. Class A............................... 3,670 60,922 #* FTD Cos., Inc...................................... 1,870 64,047 #* Fuel Systems Solutions, Inc........................ 1,392 14,950 #* G-III Apparel Group, Ltd........................... 1,800 174,960 * Gaiam, Inc. Class A................................ 1,309 9,582 # GameStop Corp. Class A............................. 12,940 456,135 * Gaming Partners International Corp................. 800 6,632 Gannett Co., Inc................................... 23,899 741,108 Gap, Inc. (The).................................... 27,680 1,140,139 # Garmin, Ltd........................................ 12,906 675,758 #* Geeknet, Inc....................................... 500 3,920 General Motors Co.................................. 139,916 4,564,060 * Genesco, Inc....................................... 2,400 171,480 Gentex Corp........................................ 30,990 517,223 * Gentherm, Inc...................................... 3,703 136,196 Genuine Parts Co................................... 16,830 1,564,180 GNC Holdings, Inc. Class A......................... 10,132 449,253 Goodyear Tire & Rubber Co. (The)................... 28,675 695,082 #* Gordmans Stores, Inc............................... 279 1,032 1237 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Graham Holdings Co. Class B........................ 500 $ 467,660 * Grand Canyon Education, Inc........................ 5,508 241,361 * Gray Television, Inc............................... 4,850 45,881 Group 1 Automotive, Inc............................ 2,780 223,484 #* Groupon, Inc....................................... 36,524 261,512 Guess?, Inc........................................ 6,590 123,760 H&R Block, Inc..................................... 29,001 994,154 Hanesbrands, Inc................................... 10,675 1,188,981 Harley-Davidson, Inc............................... 24,000 1,480,800 Harman International Industries, Inc............... 7,400 959,262 Harte-Hanks, Inc................................... 3,368 24,485 # Hasbro, Inc........................................ 12,600 691,992 Haverty Furniture Cos., Inc........................ 1,700 41,531 * Helen of Troy, Ltd................................. 4,100 308,402 #* hhgregg, Inc....................................... 2,516 13,813 #* Hibbett Sports, Inc................................ 2,888 135,852 Home Depot, Inc. (The)............................. 148,640 15,520,989 Hooker Furniture Corp.............................. 1,300 23,452 # HSN, Inc........................................... 4,220 326,797 #* Hyatt Hotels Corp. Class A......................... 4,993 280,906 #* Iconix Brand Group, Inc............................ 7,198 239,262 International Game Technology...................... 27,800 470,376 International Speedway Corp. Class A............... 2,075 60,362 Interpublic Group of Cos., Inc. (The).............. 44,816 893,631 Interval Leisure Group, Inc........................ 4,458 102,891 #* iRobot Corp........................................ 2,767 87,299 * Isle of Capri Casinos, Inc......................... 3,400 34,816 #* ITT Educational Services, Inc...................... 1,300 9,451 Jack in the Box, Inc............................... 4,400 373,076 #* JAKKS Pacific, Inc................................. 2,151 12,949 * Jarden Corp........................................ 14,568 699,555 #* JC Penney Co., Inc................................. 26,086 189,645 John Wiley & Sons, Inc. Class A.................... 5,120 317,235 Johnson Controls, Inc.............................. 71,096 3,303,831 Johnson Outdoors, Inc. Class A..................... 1,187 35,610 * Journal Communications, Inc. Class A............... 5,077 51,024 * K12, Inc........................................... 2,215 31,497 #* Kate Spade & Co.................................... 12,745 401,850 # KB Home............................................ 8,900 110,894 #* Kirkland's, Inc.................................... 1,502 34,952 Kohl's Corp........................................ 23,760 1,418,947 * Kona Grill, Inc.................................... 1,120 26,320 #* Krispy Kreme Doughnuts, Inc........................ 5,319 103,561 L Brands, Inc...................................... 26,236 2,220,353 La-Z-Boy, Inc...................................... 6,000 160,140 * Lakeland Industries, Inc........................... 1,000 8,500 #* Lands' End, Inc.................................... 1,303 45,201 Las Vegas Sands Corp............................... 44,089 2,397,119 * LeapFrog Enterprises, Inc.......................... 5,500 13,090 Lear Corp.......................................... 8,400 842,940 * Learning Tree International, Inc................... 1,342 2,671 # Leggett & Platt, Inc............................... 15,277 651,259 # Lennar Corp. Class A............................... 17,716 795,626 1238 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Lennar Corp. Class B............................... 1,241 $ 44,813 Libbey, Inc........................................ 2,200 71,962 * Liberty Broadband Corp.(530307206)................. 50 2,475 * Liberty Broadband Corp.(530307305)................. 7,136 316,838 * Liberty Broadband Corp. Class A.................... 2,694 119,802 * Liberty Global P.L.C. Class A...................... 22,037 1,029,569 * Liberty Global P.L.C. Class B...................... 95 4,419 * Liberty Global P.L.C. Series C..................... 54,276 2,474,443 * Liberty Interactive Corp. Class A.................. 55,690 1,523,678 * Liberty Interactive Corp. Class B.................. 201 5,877 * Liberty Media Corp................................. 21,958 749,207 * Liberty Media Corp. Class A........................ 10,779 367,025 * Liberty Media Corp. Class B........................ 200 7,930 * Liberty TripAdvisor Holdings, Inc. Class A......... 6,644 159,057 * Liberty Ventures Series A.......................... 14,561 543,853 * Liberty Ventures Series B.......................... 28 1,094 #* Life Time Fitness, Inc............................. 4,178 228,411 # Lifetime Brands, Inc............................... 300 4,734 Lincoln Educational Services Corp.................. 2,164 5,626 # Lions Gate Entertainment Corp...................... 7,700 221,221 Lithia Motors, Inc. Class A........................ 2,487 210,649 * Live Nation Entertainment, Inc..................... 15,286 363,348 * LKQ Corp........................................... 31,047 801,323 * Loral Space & Communications, Inc.................. 1,300 93,483 Lowe's Cos., Inc................................... 107,172 7,261,975 * Luby's, Inc........................................ 1,849 9,023 #* Lululemon Athletica, Inc........................... 8,363 553,965 #* Lumber Liquidators Holdings, Inc................... 2,649 167,284 #* M/I Homes, Inc..................................... 2,750 56,760 # Macy's, Inc........................................ 38,835 2,480,780 #* Madison Square Garden Co. (The) Class A............ 7,200 545,400 Marcus Corp. (The)................................. 2,400 45,264 # Marine Products Corp............................... 1,898 13,723 #* MarineMax, Inc..................................... 1,700 43,367 # Marriott International, Inc. Class A............... 27,826 2,073,037 Marriott Vacations Worldwide Corp.................. 2,389 182,758 #* Martha Stewart Living Omnimedia, Inc. Class A...... 2,700 12,528 # Mattel, Inc........................................ 36,665 986,288 * McClatchy Co. (The) Class A........................ 4,300 10,793 McDonald's Corp.................................... 107,641 9,950,334 # MDC Holdings, Inc.................................. 4,445 111,125 #* Media General, Inc................................. 800 11,440 Men's Wearhouse, Inc. (The)........................ 5,635 261,858 # Meredith Corp...................................... 2,528 131,608 #* Meritage Homes Corp................................ 3,700 134,717 * MGM Resorts International.......................... 40,164 782,395 * Michael Kors Holdings, Ltd......................... 21,453 1,518,658 * Modine Manufacturing Co............................ 3,907 47,626 * Mohawk Industries, Inc............................. 6,123 1,010,540 * Monarch Casino & Resort, Inc....................... 1,845 31,918 # Monro Muffler Brake, Inc........................... 2,978 170,163 Morningstar, Inc................................... 2,287 152,291 * Motorcar Parts of America, Inc..................... 783 20,452 1239 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Movado Group, Inc.................................. 2,362 $ 56,759 * Murphy USA, Inc.................................... 4,848 338,439 NACCO Industries, Inc. Class A..................... 387 21,304 #* Nathan's Famous, Inc............................... 509 40,944 # National CineMedia, Inc............................ 6,419 92,434 * Nautilus, Inc...................................... 4,149 59,082 * Netflix, Inc....................................... 5,663 2,501,913 * New York & Co., Inc................................ 5,059 11,636 # New York Times Co. (The) Class A................... 14,000 176,260 Newell Rubbermaid, Inc............................. 26,868 990,623 * News Corp. Class A................................. 41,104 612,039 * News Corp. Class B................................. 11,390 164,472 Nexstar Broadcasting Group, Inc. Class A........... 2,793 139,357 NIKE, Inc. Class B................................. 75,327 6,948,916 Nordstrom, Inc..................................... 17,146 1,306,525 * Norwegian Cruise Line Holdings, Ltd................ 10,718 469,020 # Nutrisystem, Inc................................... 2,651 47,241 * NVR, Inc........................................... 500 627,115 * O'Reilly Automotive, Inc........................... 12,850 2,407,576 * Office Depot, Inc.................................. 52,875 401,850 # Omnicom Group, Inc................................. 27,235 1,982,708 * Orbitz Worldwide, Inc.............................. 3,586 33,099 #* Outerwall, Inc..................................... 2,800 173,824 #* Overstock.com, Inc................................. 1,830 40,955 Oxford Industries, Inc............................. 1,382 77,309 #* Pacific Sunwear of California, Inc................. 6,000 16,500 #* Panera Bread Co. Class A........................... 3,075 528,469 Papa John's International, Inc..................... 3,800 241,148 #* Penn National Gaming, Inc.......................... 6,827 102,200 Penske Automotive Group, Inc....................... 4,700 227,245 * Pep Boys-Manny, Moe & Jack (The)................... 4,332 36,519 * Perry Ellis International, Inc..................... 969 23,169 # PetMed Express, Inc................................ 2,200 34,540 PetSmart, Inc...................................... 11,200 915,096 # Pier 1 Imports, Inc................................ 10,500 176,505 #* Pinnacle Entertainment, Inc........................ 5,100 107,865 # Polaris Industries, Inc............................ 6,994 1,011,262 Pool Corp.......................................... 5,100 317,271 * Popeyes Louisiana Kitchen, Inc..................... 2,600 149,292 * Priceline Group, Inc. (The)........................ 5,882 5,937,761 PulteGroup, Inc.................................... 36,663 754,891 PVH Corp........................................... 8,755 965,326 #* Quiksilver, Inc.................................... 8,658 16,190 Ralph Lauren Corp.................................. 6,300 1,051,407 * RCI Hospitality Holdings, Inc...................... 1,000 9,750 * Red Lion Hotels Corp............................... 2,034 13,058 * Red Robin Gourmet Burgers, Inc..................... 1,300 100,750 # Regal Entertainment Group Class A.................. 9,436 199,666 * Regis Corp......................................... 4,556 71,757 Remy International, Inc............................ 1,509 32,096 Rent-A-Center, Inc................................. 6,145 210,651 #* Rentrak Corp....................................... 1,137 87,469 #* Restoration Hardware Holdings, Inc................. 2,866 250,861 1240 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Rocky Brands, Inc.................................. 231 $ 3,167 Ross Stores, Inc................................... 24,000 2,201,040 Royal Caribbean Cruises, Ltd....................... 17,400 1,314,570 #* Ruby Tuesday, Inc.................................. 5,370 32,327 Ruth's Hospitality Group, Inc...................... 4,284 62,204 # Ryland Group, Inc. (The)........................... 4,600 184,690 # Saga Communications, Inc. Class A.................. 676 27,493 # Salem Communications Corp. Class A................. 400 2,788 * Sally Beauty Holdings, Inc......................... 17,735 551,204 # Scholastic Corp.................................... 2,600 95,628 #* Scientific Games Corp. Class A..................... 5,774 68,191 # Scripps Networks Interactive, Inc. Class A......... 9,189 653,246 * Sears Holdings Corp................................ 4,332 137,931 #* Select Comfort Corp................................ 5,594 166,925 Service Corp. International........................ 22,783 515,579 * Shiloh Industries, Inc............................. 1,564 19,128 Shoe Carnival, Inc................................. 771 17,903 * Shutterfly, Inc.................................... 3,662 160,652 Signet Jewelers, Ltd............................... 8,700 1,053,657 # Sinclair Broadcast Group, Inc. Class A............. 7,300 180,602 #* Sirius XM Holdings, Inc............................ 321,376 1,140,885 # Six Flags Entertainment Corp....................... 8,578 368,511 * Sizmek, Inc........................................ 2,200 13,112 #* Skechers U.S.A., Inc. Class A...................... 4,700 283,645 * Skyline Corp....................................... 800 3,000 Sonic Automotive, Inc. Class A..................... 4,001 98,545 Sonic Corp......................................... 6,463 195,635 # Sotheby's.......................................... 7,207 306,658 Spartan Motors, Inc................................ 3,375 17,584 Speedway Motorsports, Inc.......................... 2,352 52,426 # Stage Stores, Inc.................................. 3,250 65,000 Standard Motor Products, Inc....................... 1,900 69,274 #* Standard Pacific Corp.............................. 17,289 121,369 * Stanley Furniture Co., Inc......................... 637 1,886 # Staples, Inc....................................... 69,757 1,189,357 Starbucks Corp..................................... 80,947 7,085,291 Starwood Hotels & Resorts Worldwide, Inc........... 21,047 1,514,753 #* Starz.............................................. 11,477 338,801 * Starz Class B...................................... 200 5,952 Stein Mart, Inc.................................... 3,347 46,055 * Steiner Leisure, Ltd............................... 1,400 61,068 * Steven Madden, Ltd................................. 6,892 236,671 #* Stoneridge, Inc.................................... 3,400 42,908 * Strayer Education, Inc............................. 1,137 76,179 # Sturm Ruger & Co., Inc............................. 1,900 76,760 # Superior Industries International, Inc............. 2,200 40,150 # Superior Uniform Group, Inc........................ 162 6,148 * Systemax, Inc...................................... 1,666 21,775 Tandy Leather Factory, Inc......................... 663 5,662 Target Corp........................................ 65,382 4,812,769 * Tempur Sealy International, Inc.................... 6,523 358,961 * Tenneco, Inc....................................... 6,595 339,115 #* Tesla Motors, Inc.................................. 9,501 1,934,404 1241 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) # Texas Roadhouse, Inc............................... 6,800 $ 228,412 Thor Industries, Inc............................... 4,861 273,917 Tiffany & Co....................................... 13,444 1,164,788 * Tile Shop Holdings, Inc............................ 1,665 13,520 Time Warner Cable, Inc............................. 30,636 4,170,479 Time Warner, Inc................................... 98,792 7,698,861 Time, Inc.......................................... 12,349 309,219 TJX Cos., Inc. (The)............................... 77,442 5,106,525 #* Toll Brothers, Inc................................. 16,803 581,720 * Tower International, Inc........................... 2,300 54,441 # Town Sports International Holdings, Inc............ 2,129 14,009 # Tractor Supply Co.................................. 15,088 1,224,693 * TripAdvisor, Inc................................... 11,496 770,347 * TRW Automotive Holdings Corp....................... 12,328 1,271,880 #* Tuesday Morning Corp............................... 3,200 56,640 #* Tumi Holdings, Inc................................. 5,091 115,413 Tupperware Brands Corp............................. 6,100 412,421 Twenty-First Century Fox, Inc. Class A............. 154,967 5,138,706 Twenty-First Century Fox, Inc. Class B............. 47,663 1,518,067 * Ulta Salon Cosmetics & Fragrance, Inc.............. 6,522 860,513 #* Under Armour, Inc. Class A......................... 16,277 1,173,246 * Unifi, Inc......................................... 1,766 56,918 * Universal Electronics, Inc......................... 1,700 108,358 Universal Technical Institute, Inc................. 2,300 18,791 #* Urban Outfitters, Inc.............................. 12,450 434,007 Vail Resorts, Inc.................................. 3,700 324,712 Value Line, Inc.................................... 400 6,068 #* Vera Bradley, Inc.................................. 2,206 42,068 VF Corp............................................ 37,800 2,622,186 Viacom, Inc. Class A............................... 1,192 77,289 Viacom, Inc. Class B............................... 40,574 2,613,777 * Visteon Corp....................................... 4,607 446,649 #* Vitamin Shoppe, Inc................................ 2,565 108,423 * VOXX International Corp............................ 1,966 15,728 Walt Disney Co. (The).............................. 183,316 16,674,423 #* Weight Watchers International, Inc................. 2,900 48,024 # Wendy's Co. (The).................................. 33,225 350,191 * West Marine, Inc................................... 2,681 32,172 Whirlpool Corp..................................... 8,129 1,618,321 Williams-Sonoma, Inc............................... 9,360 732,420 # Winmark Corp....................................... 300 24,453 # Winnebago Industries, Inc.......................... 2,736 54,419 # Wolverine World Wide, Inc.......................... 10,800 304,020 Wyndham Worldwide Corp............................. 15,302 1,282,155 # Wynn Resorts, Ltd.................................. 8,681 1,284,354 Yum! Brands, Inc................................... 46,861 3,387,113 * Zagg, Inc.......................................... 171 1,031 #* Zumiez, Inc........................................ 2,400 89,496 ------------ Total Consumer Discretionary........................... 305,385,940 ------------ Consumer Staples -- (8.5%) # Alico, Inc......................................... 496 23,580 * Alliance One International, Inc.................... 8,769 9,207 1242 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Altria Group, Inc.................................. 215,819 $11,459,989 Andersons, Inc. (The).............................. 2,677 120,411 Archer-Daniels-Midland Co.......................... 70,090 3,268,297 # Avon Products, Inc................................. 44,150 341,721 # B&G Foods, Inc..................................... 6,542 195,213 #* Boston Beer Co., Inc. (The) Class A................ 1,085 341,254 #* Boulder Brands, Inc................................ 7,136 71,574 Brown-Forman Corp. Class A......................... 8,651 767,517 Brown-Forman Corp. Class B......................... 13,394 1,190,325 Bunge, Ltd......................................... 15,335 1,372,943 # Cal-Maine Foods, Inc............................... 4,200 147,210 Calavo Growers, Inc................................ 1,264 50,699 # Campbell Soup Co................................... 20,536 939,317 # Casey's General Stores, Inc........................ 4,402 401,903 * Central Garden and Pet Co.......................... 1,175 9,929 * Central Garden and Pet Co. Class A................. 3,229 29,384 #* Chefs' Warehouse, Inc. (The)....................... 525 11,230 Church & Dwight Co., Inc........................... 14,700 1,189,524 Clorox Co. (The)................................... 13,229 1,411,667 Coca-Cola Bottling Co. Consolidated................ 481 46,917 Coca-Cola Co. (The)................................ 435,710 17,938,181 Coca-Cola Enterprises, Inc......................... 30,541 1,285,776 Colgate-Palmolive Co............................... 99,172 6,696,093 ConAgra Foods, Inc................................. 43,589 1,544,358 * Constellation Brands, Inc. Class A................. 18,303 2,021,566 Costco Wholesale Corp.............................. 48,021 6,866,523 # Coty, Inc. Class A................................. 6,693 127,301 #* Crimson Wine Group, Ltd............................ 2,024 18,216 CVS Health Corp.................................... 132,004 12,957,513 * Darling Ingredients, Inc........................... 14,890 252,832 # Dean Foods Co...................................... 10,084 182,722 Dr Pepper Snapple Group, Inc....................... 22,078 1,705,967 Energizer Holdings, Inc............................ 6,800 870,468 Estee Lauder Cos., Inc. (The) Class A.............. 25,219 1,780,209 * Farmer Bros. Co.................................... 1,300 38,883 Flowers Foods, Inc................................. 20,404 399,102 # Fresh Del Monte Produce, Inc....................... 3,973 133,612 #* Fresh Market, Inc. (The)........................... 4,133 157,509 General Mills, Inc................................. 66,207 3,474,543 #* Hain Celestial Group, Inc. (The)................... 10,500 554,085 # Herbalife, Ltd..................................... 8,600 262,128 # Hershey Co. (The).................................. 16,322 1,668,272 Hormel Foods Corp.................................. 15,600 799,032 Ingles Markets, Inc. Class A....................... 1,110 47,341 # Ingredion, Inc..................................... 7,943 640,523 Inter Parfums, Inc................................. 1,760 44,264 * Inventure Foods, Inc............................... 1,529 15,550 J&J Snack Foods Corp............................... 1,491 146,297 JM Smucker Co. (The)............................... 11,871 1,224,494 John B. Sanfilippo & Son, Inc...................... 1,301 47,447 Kellogg Co......................................... 28,255 1,852,963 Keurig Green Mountain, Inc......................... 13,562 1,662,159 Kimberly-Clark Corp................................ 40,725 4,396,671 1243 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Kraft Foods Group, Inc............................. 63,677 $ 4,160,655 Kroger Co. (The)................................... 53,643 3,704,049 Lancaster Colony Corp.............................. 2,100 188,853 * Landec Corp........................................ 3,992 50,978 #* Lifeway Foods, Inc................................. 315 5,764 Lorillard, Inc..................................... 40,200 2,637,522 McCormick & Co., Inc.(579780107)................... 607 43,543 # McCormick & Co., Inc.(579780206)................... 12,605 899,871 Mead Johnson Nutrition Co.......................... 21,772 2,144,324 #* Medifast, Inc...................................... 2,100 66,549 MGP Ingredients, Inc............................... 233 3,695 Molson Coors Brewing Co. Class B................... 14,105 1,070,993 Mondelez International, Inc. Class A............... 183,595 6,469,888 * Monster Beverage Corp.............................. 15,848 1,853,424 * National Beverage Corp............................. 1,044 22,697 * Natural Alternatives International, Inc............ 1,000 5,320 # Nu Skin Enterprises, Inc. Class A.................. 6,221 254,937 * Nutraceutical International Corp................... 1,459 28,509 Oil-Dri Corp. of America........................... 641 19,627 * Omega Protein Corp................................. 2,100 22,134 * Pantry, Inc. (The)................................. 3,100 114,390 PepsiCo, Inc....................................... 166,178 15,584,173 Philip Morris International, Inc................... 172,168 13,814,760 Pilgrim's Pride Corp............................... 7,683 208,593 Pinnacle Foods, Inc................................ 303 10,899 #* Post Holdings, Inc................................. 3,247 153,421 # Pricesmart, Inc.................................... 2,200 179,916 Procter & Gamble Co. (The)......................... 296,869 25,023,088 #* Reliv International, Inc........................... 1,707 2,065 * Revlon, Inc. Class A............................... 1,909 62,501 Reynolds American, Inc............................. 34,400 2,337,480 * Rite Aid Corp...................................... 100,955 704,666 Rocky Mountain Chocolate Factory, Inc.............. 950 12,872 # Sanderson Farms, Inc............................... 2,050 163,918 * Seneca Foods Corp. Class A......................... 500 12,940 # Snyder's-Lance, Inc................................ 4,096 119,153 SpartanNash Co..................................... 4,621 119,037 Spectrum Brands Holdings, Inc...................... 2,435 218,371 #* Sprouts Farmers Market, Inc........................ 13,314 484,763 #* SUPERVALU, Inc..................................... 20,535 200,011 # Sysco Corp......................................... 62,531 2,449,339 # Tootsie Roll Industries, Inc....................... 2,049 63,908 #* TreeHouse Foods, Inc............................... 3,630 329,241 Tyson Foods, Inc. Class A.......................... 31,488 1,229,291 #* United Natural Foods, Inc.......................... 5,300 409,584 United-Guardian, Inc............................... 600 12,840 # Universal Corp..................................... 2,600 104,416 * USANA Health Sciences, Inc......................... 800 78,432 # Vector Group, Ltd.................................. 5,528 123,717 Wal-Mart Stores, Inc............................... 175,993 14,955,885 Walgreens Boots Alliance, Inc...................... 99,778 7,358,627 WD-40 Co........................................... 1,600 131,296 Weis Markets, Inc.................................. 1,930 88,452 1244 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) * WhiteWave Foods Co. (The) Class A.................. 17,791 $ 586,569 Whole Foods Market, Inc............................ 37,774 1,967,837 ------------ Total Consumer Staples................................. 208,282,194 ------------ Energy -- (7.3%) Adams Resources & Energy, Inc...................... 300 17,412 Alon USA Energy, Inc............................... 1,957 23,641 #* Alpha Natural Resources, Inc....................... 23,317 24,250 Anadarko Petroleum Corp............................ 54,670 4,469,272 Apache Corp........................................ 42,300 2,646,711 #* Approach Resources, Inc............................ 2,871 18,001 # Arch Coal, Inc..................................... 18,846 17,476 Atwood Oceanics, Inc............................... 6,359 181,740 Baker Hughes, Inc.................................. 46,579 2,701,116 #* Basic Energy Services, Inc......................... 4,300 25,284 #* Bill Barrett Corp.................................. 5,020 51,204 #* Bonanza Creek Energy, Inc.......................... 2,888 75,319 # Bristow Group, Inc................................. 3,865 215,319 #* C&J Energy Services, Inc........................... 3,963 40,819 Cabot Oil & Gas Corp............................... 45,200 1,197,800 #* California Resources Corp.......................... 34,622 177,265 * Callon Petroleum Co................................ 3,810 20,764 * Cameron International Corp......................... 26,059 1,166,922 # CARBO Ceramics, Inc................................ 2,120 69,494 * Carrizo Oil & Gas, Inc............................. 4,500 202,950 * Cheniere Energy, Inc............................... 24,559 1,753,021 # Chesapeake Energy Corp............................. 68,738 1,318,395 Chevron Corp....................................... 209,586 21,488,853 Cimarex Energy Co.................................. 9,117 940,874 #* Clayton Williams Energy, Inc....................... 500 27,950 #* Clean Energy Fuels Corp............................ 7,414 30,916 #* Cloud Peak Energy, Inc............................. 5,872 39,871 #* Cobalt International Energy, Inc................... 27,161 247,708 # Comstock Resources, Inc............................ 4,800 19,392 * Concho Resources, Inc.............................. 11,671 1,293,730 ConocoPhillips..................................... 132,812 8,364,500 # CONSOL Energy, Inc................................. 24,000 694,800 * Contango Oil & Gas Co.............................. 316 9,502 #* Continental Resources, Inc......................... 9,380 425,852 # Core Laboratories NV............................... 5,125 475,344 # CVR Energy, Inc.................................... 992 38,013 Dawson Geophysical Co.............................. 600 6,474 Delek US Holdings, Inc............................. 4,451 137,313 # Denbury Resources, Inc............................. 36,370 250,953 Devon Energy Corp.................................. 41,697 2,513,078 # DHT Holdings, Inc.................................. 331 2,433 # Diamond Offshore Drilling, Inc..................... 7,128 224,746 * Diamondback Energy, Inc............................ 4,687 323,356 * Dresser-Rand Group, Inc............................ 8,267 662,021 * Dril-Quip, Inc..................................... 4,231 314,067 #* Emerald Oil, Inc................................... 1,603 1,319 Energen Corp....................................... 7,800 494,676 # Energy XXI, Ltd.................................... 8,775 25,798 1245 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) EnLink Midstream LLC............................... 5,400 $ 170,856 EOG Resources, Inc................................. 59,200 5,270,576 EQT Corp........................................... 16,299 1,213,298 * Era Group, Inc..................................... 2,200 49,544 Exterran Holdings, Inc............................. 6,100 165,371 Exxon Mobil Corp................................... 470,724 41,150,692 * FMC Technologies, Inc.............................. 25,264 946,895 * Forum Energy Technologies, Inc..................... 2,493 38,517 # GasLog, Ltd........................................ 2,473 43,253 #* Geospace Technologies Corp......................... 1,000 23,980 #* Goodrich Petroleum Corp............................ 422 1,063 # Green Plains, Inc.................................. 3,514 82,263 Gulf Island Fabrication, Inc....................... 1,100 18,227 # Gulfmark Offshore, Inc. Class A.................... 2,675 52,778 * Gulfport Energy Corp............................... 9,024 347,334 Halliburton Co..................................... 98,357 3,933,296 * Helix Energy Solutions Group, Inc.................. 10,766 202,078 # Helmerich & Payne, Inc............................. 11,191 666,536 #* Hercules Offshore, Inc............................. 13,137 9,459 Hess Corp.......................................... 31,422 2,120,671 * HKN, Inc........................................... 37 1,979 HollyFrontier Corp................................. 22,236 798,717 #* Hornbeck Offshore Services, Inc.................... 3,129 69,464 #* ION Geophysical Corp............................... 12,540 28,215 * Key Energy Services, Inc........................... 13,668 22,962 # Kinder Morgan, Inc................................. 198,689 8,156,183 * Kosmos Energy, Ltd................................. 7,733 67,818 #* Laredo Petroleum Holdings, Inc..................... 6,417 62,951 # LinnCo LLC......................................... 12,996 134,249 Marathon Oil Corp.................................. 75,073 1,996,942 Marathon Petroleum Corp............................ 35,164 3,255,835 #* Matador Resources Co............................... 8,015 172,803 * Matrix Service Co.................................. 3,244 62,285 #* McDermott International, Inc....................... 24,310 54,697 #* Miller Energy Resources, Inc....................... 451 528 * Mitcham Industries, Inc............................ 1,264 7,091 Murphy Oil Corp.................................... 19,314 867,392 Nabors Industries, Ltd............................. 30,273 348,442 National Oilwell Varco, Inc........................ 45,185 2,459,420 * Natural Gas Services Group, Inc.................... 1,600 32,304 * Newfield Exploration Co............................ 15,340 456,825 #* Newpark Resources, Inc............................. 9,500 82,080 # Noble Corp. P.L.C.................................. 26,000 421,720 Noble Energy, Inc.................................. 37,858 1,807,341 #* Nordic American Offshore, Ltd...................... 19 214 # Nordic American Tankers, Ltd....................... 2,265 22,922 #* Northern Oil and Gas, Inc.......................... 5,685 35,702 #* Nuverra Environmental Solutions, Inc............... 2,511 5,600 #* Oasis Petroleum, Inc............................... 10,181 136,833 Occidental Petroleum Corp.......................... 86,556 6,924,480 Oceaneering International, Inc..................... 11,442 599,103 * Oil States International, Inc...................... 5,700 234,099 ONEOK, Inc......................................... 22,000 968,660 1246 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) #* Overseas Shipholding Group, Inc.................... 2,700 $ 13,770 # Panhandle Oil and Gas, Inc. Class A................ 2,000 41,880 # Paragon Offshore P.L.C............................. 8,666 18,112 #* Parker Drilling Co................................. 9,114 24,699 Patterson-UTI Energy, Inc.......................... 15,402 264,298 # PBF Energy, Inc. Class A........................... 5,470 153,707 * PDC Energy, Inc.................................... 3,527 162,030 # Peabody Energy Corp................................ 27,696 172,546 #* Penn Virginia Corp................................. 3,900 19,032 #* PetroQuest Energy, Inc............................. 5,600 16,408 #* PHI, Inc. Non-Voting............................... 1,795 61,407 Phillips 66........................................ 61,527 4,326,579 * Pioneer Energy Services Corp....................... 8,743 36,196 Pioneer Natural Resources Co....................... 15,236 2,293,475 QEP Resources, Inc................................. 18,400 372,048 # Range Resources Corp............................... 17,614 815,000 #* Rex Energy Corp.................................... 7,121 25,208 #* RigNet, Inc........................................ 1,066 36,479 #* Rosetta Resources, Inc............................. 5,910 100,884 # Rowan Cos. P.L.C. Class A.......................... 13,381 282,607 RPC, Inc........................................... 9,225 115,036 #* SandRidge Energy, Inc.............................. 29,871 42,118 Schlumberger, Ltd.................................. 143,494 11,822,471 # Scorpio Tankers, Inc............................... 18,204 143,265 #* SEACOR Holdings, Inc............................... 2,200 158,290 SemGroup Corp. Class A............................. 4,659 313,690 #* Seventy Seven Energy, Inc.......................... 4,909 19,391 # Ship Finance International, Ltd.................... 6,400 88,896 SM Energy Co....................................... 7,000 264,740 #* Southwestern Energy Co............................. 38,383 951,515 Spectra Energy Corp................................ 72,730 2,432,091 #* Stone Energy Corp.................................. 5,600 78,848 Superior Energy Services, Inc...................... 16,418 328,360 #* Swift Energy Co.................................... 1,930 4,111 * Synergy Resources Corp............................. 5,891 72,047 * Synthesis Energy Systems, Inc...................... 2,352 1,663 Targa Resources Corp............................... 3,476 301,821 # Teekay Corp........................................ 4,349 184,093 # Tesco Corp......................................... 2,270 23,245 Tesoro Corp........................................ 14,426 1,179,037 * TETRA Technologies, Inc............................ 8,150 40,261 * TGC Industries, Inc................................ 1,750 3,500 # Tidewater, Inc..................................... 5,500 160,930 # Transocean, Ltd.................................... 38,356 625,203 #* Triangle Petroleum Corp............................ 7,783 40,861 #* Ultra Petroleum Corp............................... 16,709 213,040 * Unit Corp.......................................... 4,580 136,392 #* Uranium Energy Corp................................ 8,500 10,795 # US Silica Holdings, Inc............................ 5,584 140,717 * Vaalco Energy, Inc................................. 5,480 30,359 Valero Energy Corp................................. 58,700 3,104,056 # W&T Offshore, Inc.................................. 3,644 18,439 #* Warren Resources, Inc.............................. 5,600 5,880 1247 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) * Weatherford International P.L.C.................... 80,380 $ 830,325 Western Refining, Inc.............................. 8,794 326,521 * Westmoreland Coal Co............................... 837 21,829 * Whiting Petroleum Corp............................. 16,938 508,479 * Willbros Group, Inc................................ 4,500 25,110 Williams Cos., Inc. (The).......................... 76,075 3,336,649 World Fuel Services Corp........................... 7,864 385,100 * WPX Energy, Inc.................................... 21,687 231,183 * Zion Oil & Gas, Inc................................ 163 244 ------------ Total Energy........................................... 180,227,223 ------------ Financials -- (13.1%) # 1st Source Corp.................................... 1,990 59,163 ACE, Ltd........................................... 36,161 3,903,942 * Affiliated Managers Group, Inc..................... 6,080 1,249,562 Aflac, Inc......................................... 48,794 2,785,162 Alexander & Baldwin, Inc........................... 4,741 181,391 * Alleghany Corp..................................... 1,469 649,430 Allied World Assurance Co. Holdings AG............. 11,100 429,237 Allstate Corp. (The)............................... 48,557 3,388,793 #* Altisource Asset Management Corp................... 240 38,400 #* Altisource Portfolio Solutions SA.................. 2,400 48,672 * Ambac Financial Group, Inc......................... 5,480 133,986 American Equity Investment Life Holding Co......... 7,448 189,998 American Express Co................................ 103,359 8,340,038 American Financial Group, Inc...................... 7,769 450,913 American International Group, Inc.................. 150,107 7,335,729 American National Insurance Co..................... 664 69,083 * American River Bankshares.......................... 882 8,714 Ameriprise Financial, Inc.......................... 21,340 2,666,220 Ameris Bancorp..................................... 1,951 47,078 AMERISAFE, Inc..................................... 2,573 104,721 # AmeriServ Financial, Inc........................... 100 299 # Amtrust Financial Services, Inc.................... 3,344 169,273 Aon P.L.C.......................................... 31,029 2,794,161 * Arch Capital Group, Ltd............................ 13,956 809,029 Argo Group International Holdings, Ltd............. 3,938 210,644 Arrow Financial Corp............................... 925 23,652 Arthur J Gallagher & Co............................ 16,095 715,101 Artisan Partners Asset Management, Inc. Class A.... 4,407 212,726 Aspen Insurance Holdings, Ltd...................... 7,426 321,694 # Associated Banc-Corp............................... 17,760 298,546 Assurant, Inc...................................... 9,500 603,345 Assured Guaranty, Ltd.............................. 18,300 446,886 * Asta Funding, Inc.................................. 400 3,396 Astoria Financial Corp............................. 8,165 99,858 #* Atlantic Coast Financial Corp...................... 137 532 #* Atlanticus Holdings Corp........................... 1,196 3,062 #* AV Homes, Inc...................................... 1,000 14,990 Axis Capital Holdings, Ltd......................... 12,640 643,376 Baldwin & Lyons, Inc. Class B...................... 562 12,982 Banc of California, Inc............................ 451 4,623 Bancfirst Corp..................................... 700 40,362 1248 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) #* Bancorp, Inc. (The)................................ 4,099 $ 34,923 BancorpSouth, Inc.................................. 9,405 186,689 Bank Mutual Corp................................... 6,120 38,984 Bank of America Corp............................... 1,160,707 17,584,711 # Bank of Hawaii Corp................................ 5,000 282,300 Bank of New York Mellon Corp. (The)................ 123,982 4,463,352 # Bank of the Ozarks, Inc............................ 7,600 246,468 BankFinancial Corp................................. 2,730 30,876 BankUnited, Inc.................................... 10,322 285,507 Banner Corp........................................ 2,961 119,565 BB&T Corp.......................................... 76,141 2,687,016 BBCN Bancorp, Inc.................................. 10,613 137,438 #* Beneficial Bancorp, Inc............................ 4,236 45,706 * Berkshire Hathaway, Inc. Class B................... 203,651 29,307,415 Berkshire Hills Bancorp, Inc....................... 2,505 62,375 BGC Partners, Inc. Class A......................... 21,435 167,836 BlackRock, Inc..................................... 14,431 4,913,900 #* BofI Holding, Inc.................................. 1,181 99,629 # BOK Financial Corp................................. 2,703 146,259 Boston Private Financial Holdings, Inc............. 8,785 96,635 Bridge Bancorp, Inc................................ 439 10,835 # Brookline Bancorp, Inc............................. 6,047 58,051 Brown & Brown, Inc................................. 13,100 404,135 Bryn Mawr Bank Corp................................ 1,149 33,493 Calamos Asset Management, Inc. Class A............. 1,676 21,034 # Camden National Corp............................... 600 22,296 * Capital Bank Financial Corp. Class A............... 96 2,344 # Capital City Bank Group, Inc....................... 1,069 16,035 Capital One Financial Corp......................... 62,037 4,541,729 Capitol Federal Financial, Inc..................... 16,210 201,977 Cardinal Financial Corp............................ 2,805 49,957 #* Cascade Bancorp.................................... 4,228 19,533 # Cash America International, Inc.................... 2,940 61,152 Cathay General Bancorp............................. 8,064 192,649 CBOE Holdings, Inc................................. 9,490 611,820 * CBRE Group, Inc. Class A........................... 40,554 1,311,516 Centerstate Banks, Inc............................. 1,550 17,066 # Central Pacific Financial Corp..................... 1,299 27,253 Charles Schwab Corp. (The)......................... 128,882 3,348,354 Chemical Financial Corp............................ 3,399 96,396 Chubb Corp. (The).................................. 27,700 2,711,830 # Cincinnati Financial Corp.......................... 16,109 813,666 CIT Group, Inc..................................... 19,881 871,185 Citigroup, Inc..................................... 334,942 15,725,527 Citizens Community Bancorp, Inc.................... 600 5,469 #* Citizens, Inc...................................... 4,015 28,988 # City Holding Co.................................... 1,057 44,743 City National Corp................................. 5,581 483,817 Clifton Bancorp, Inc............................... 1,009 13,379 CME Group, Inc..................................... 33,901 2,891,755 CNA Financial Corp................................. 17,536 683,203 CNB Financial Corp................................. 280 4,760 CNO Financial Group, Inc........................... 21,200 329,024 1249 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) CoBiz Financial, Inc............................... 3,100 $ 33,790 Cohen & Steers, Inc................................ 2,055 86,474 Columbia Banking System, Inc....................... 5,312 135,084 # Comerica, Inc...................................... 19,455 807,382 # Commerce Bancshares, Inc........................... 9,194 367,760 # Community Bank System, Inc......................... 5,081 170,874 # Community Trust Bancorp, Inc....................... 1,749 55,233 ConnectOne Bancorp, Inc............................ 1,915 35,236 # Consolidated-Tomoka Land Co........................ 681 37,149 * Consumer Portfolio Services, Inc................... 1,025 5,740 * Cowen Group, Inc. Class A.......................... 4,050 16,848 Crawford & Co. Class A............................. 3,717 28,807 # Crawford & Co. Class B............................. 1,800 16,830 #* Credit Acceptance Corp............................. 897 141,403 Cullen/Frost Bankers, Inc.......................... 5,745 357,914 #* Customers Bancorp, Inc............................. 1,344 26,410 # CVB Financial Corp................................. 11,960 174,736 Diamond Hill Investment Group, Inc................. 293 38,108 Dime Community Bancshares, Inc..................... 2,400 35,424 Discover Financial Services........................ 51,900 2,822,322 # Donegal Group, Inc. Class A........................ 1,374 21,970 * E*TRADE Financial Corp............................. 29,290 675,135 East West Bancorp, Inc............................. 15,846 573,308 Eaton Vance Corp................................... 13,000 523,250 #* eHealth, Inc....................................... 2,800 28,672 EMC Insurance Group, Inc........................... 866 27,937 Employers Holdings, Inc............................ 3,900 81,120 #* Encore Capital Group, Inc.......................... 2,794 103,993 Endurance Specialty Holdings, Ltd.................. 4,800 293,376 * Enova International, Inc........................... 2,690 51,783 * Enstar Group, Ltd.................................. 977 131,866 Enterprise Financial Services Corp................. 1,766 33,748 Erie Indemnity Co. Class A......................... 3,100 268,646 ESSA Bancorp, Inc.................................. 707 8,590 # EverBank Financial Corp............................ 3,717 64,862 Evercore Partners, Inc. Class A.................... 3,925 187,890 Everest Re Group, Ltd.............................. 5,600 959,728 #* Ezcorp, Inc. Class A............................... 4,723 48,694 # FBL Financial Group, Inc. Class A.................. 2,100 109,599 Federal Agricultural Mortgage Corp. Class C........ 1,380 38,019 # Federated Investors, Inc. Class B.................. 10,362 327,543 Fidelity Southern Corp............................. 1,153 17,629 Fifth Third Bancorp................................ 89,101 1,541,447 # Financial Engines, Inc............................. 2,916 104,684 Financial Institutions, Inc........................ 807 17,778 * First Acceptance Corp.............................. 181 422 # First American Financial Corp...................... 10,579 359,898 * First BanCorp.(318672706).......................... 8,881 48,757 First Bancorp.(318910106).......................... 1,500 24,900 First Busey Corp................................... 7,017 43,225 #* First Cash Financial Services, Inc................. 3,000 149,160 First Citizens BancShares, Inc. Class A............ 322 78,584 # First Commonwealth Financial Corp.................. 9,645 76,099 1250 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) First Community Bancshares, Inc.................... 1,700 $ 26,673 First Defiance Financial Corp...................... 1,538 46,847 First Financial Bancorp............................ 5,512 91,058 # First Financial Bankshares, Inc.................... 7,170 177,099 First Financial Corp............................... 1,100 35,651 First Financial Northwest, Inc..................... 2,411 28,908 # First Horizon National Corp........................ 26,242 340,884 First Interstate Bancsystem, Inc................... 594 14,197 First Merchants Corp............................... 3,650 79,716 First Midwest Bancorp, Inc......................... 6,900 106,260 First Niagara Financial Group, Inc................. 36,817 298,954 First Republic Bank................................ 12,224 622,446 First South Bancorp, Inc........................... 1,685 13,396 FirstMerit Corp.................................... 14,566 238,664 * Flagstar Bancorp, Inc.............................. 1,679 23,859 Flushing Financial Corp............................ 2,863 51,820 # FNB Corp........................................... 12,916 154,992 FNF Group.......................................... 25,329 889,048 * FNFV Group......................................... 8,442 104,681 * Forest City Enterprises, Inc. Class A.............. 14,676 359,562 #* Forest City Enterprises, Inc. Class B.............. 3,286 80,573 #* Forestar Group, Inc................................ 3,501 46,458 Fox Chase Bancorp, Inc............................. 800 12,992 Franklin Resources, Inc............................ 43,500 2,241,555 Fulton Financial Corp.............................. 20,459 228,118 # FXCM, Inc. Class A................................. 2,007 4,415 GAMCO Investors, Inc. Class A...................... 467 38,131 * Genworth Financial, Inc. Class A................... 49,956 348,693 # German American Bancorp, Inc....................... 1,398 39,144 GFI Group, Inc..................................... 8,500 47,685 # Glacier Bancorp, Inc............................... 6,536 145,557 * Global Indemnity P.L.C............................. 1,204 31,593 Goldman Sachs Group, Inc. (The).................... 46,612 8,036,375 Great Southern Bancorp, Inc........................ 1,100 39,732 #* Green Dot Corp. Class A............................ 2,200 33,550 # Greenhill & Co., Inc............................... 2,900 106,952 * Greenlight Capital Re, Ltd. Class A................ 2,682 84,242 # Guaranty Bancorp................................... 319 4,268 * Hallmark Financial Services, Inc................... 1,034 11,415 Hampden Bancorp, Inc............................... 504 10,125 Hancock Holding Co................................. 8,126 212,170 Hanmi Financial Corp............................... 4,412 87,622 Hanover Insurance Group, Inc. (The)................ 4,156 286,764 Hartford Financial Services Group, Inc. (The)...... 46,636 1,814,140 HCC Insurance Holdings, Inc........................ 11,125 593,408 # HCI Group, Inc..................................... 1,104 51,016 Heartland Financial USA, Inc....................... 1,732 47,838 Heritage Commerce Corp............................. 2,541 21,243 Heritage Financial Corp............................ 2,274 35,292 Heritage Financial Group, Inc...................... 1,473 35,308 HFF, Inc. Class A.................................. 3,557 120,831 * Hilltop Holdings, Inc.............................. 7,641 138,684 # Home BancShares, Inc............................... 5,904 174,876 1251 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) HopFed Bancorp, Inc................................ 208 $ 2,748 Horace Mann Educators Corp......................... 3,472 105,792 * Howard Hughes Corp. (The).......................... 3,661 478,236 Hudson City Bancorp, Inc........................... 50,766 455,371 Hudson Valley Holding Corp......................... 1,023 25,237 Huntington Bancshares, Inc......................... 90,200 903,804 Iberiabank Corp.................................... 2,725 148,812 # Independence Holding Co............................ 2,640 33,554 Independent Bank Corp.............................. 2,038 77,098 Infinity Property & Casualty Corp.................. 800 56,216 Interactive Brokers Group, Inc. Class A............ 4,380 134,159 Intercontinental Exchange, Inc..................... 12,178 2,505,380 International Bancshares Corp...................... 6,326 142,398 Intervest Bancshares Corp. Class A................. 254 2,502 #* INTL. FCStone, Inc................................. 1,015 19,569 Invesco, Ltd....................................... 45,668 1,677,386 * Investment Technology Group, Inc................... 3,824 79,348 # Investors Bancorp, Inc............................. 33,300 366,633 # Janus Capital Group, Inc........................... 17,800 312,212 JMP Group, Inc..................................... 2,391 18,243 Jones Lang LaSalle, Inc............................ 4,700 691,276 JPMorgan Chase & Co................................ 417,021 22,677,602 * KCG Holdings, Inc. Class A......................... 910 11,129 #* Kearny Financial Corp.............................. 2,846 36,998 Kemper Corp........................................ 4,800 167,568 Kennedy-Wilson Holdings, Inc....................... 5,491 146,006 KeyCorp............................................ 99,458 1,291,959 Lakeland Bancorp, Inc.............................. 3,852 41,563 Lakeland Financial Corp............................ 1,700 64,158 LegacyTexas Financial Group, Inc................... 3,295 65,307 Legg Mason, Inc.................................... 13,474 746,999 #* LendingTree, Inc................................... 721 29,691 Leucadia National Corp............................. 30,595 693,589 Lincoln National Corp.............................. 28,868 1,442,823 LNB Bancorp, Inc................................... 634 11,032 Loews Corp......................................... 33,655 1,287,640 Louisiana Bancorp, Inc............................. 200 4,272 # LPL Financial Holdings, Inc........................ 8,051 331,299 # M&T Bank Corp...................................... 12,077 1,366,633 # Macatawa Bank Corp................................. 886 4,669 # Maiden Holdings, Ltd............................... 4,691 58,638 MainSource Financial Group, Inc.................... 1,600 30,720 * Markel Corp........................................ 1,367 934,153 MarketAxess Holdings, Inc.......................... 3,978 302,209 Marlin Business Services Corp...................... 1,200 19,260 Marsh & McLennan Cos., Inc......................... 58,468 3,143,824 MB Financial, Inc.................................. 5,147 146,226 * MBIA, Inc.......................................... 14,600 117,092 McGraw Hill Financial, Inc......................... 29,645 2,651,449 Meadowbrook Insurance Group, Inc................... 3,491 28,975 Mercantile Bank Corp............................... 285 5,415 Merchants Bancshares, Inc.......................... 694 18,578 Mercury General Corp............................... 3,136 179,222 1252 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) #* Meridian Bancorp, Inc.............................. 4,269 $ 49,563 MetLife, Inc....................................... 103,580 4,816,470 * Metro Bancorp, Inc................................. 1,694 43,129 #* MGIC Investment Corp............................... 15,500 132,060 # MidSouth Bancorp, Inc.............................. 900 12,546 # Montpelier Re Holdings, Ltd........................ 5,500 193,215 Moody's Corp....................................... 21,472 1,961,038 Morgan Stanley..................................... 164,126 5,549,100 MSCI, Inc.......................................... 12,894 693,955 NASDAQ OMX Group, Inc. (The)....................... 12,931 589,654 # National Interstate Corp........................... 588 15,153 National Penn Bancshares, Inc...................... 12,482 121,075 Navient Corp....................................... 47,447 936,604 * Navigators Group, Inc. (The)....................... 1,805 133,967 NBT Bancorp, Inc................................... 3,984 91,672 Nelnet, Inc. Class A............................... 3,140 137,344 # New York Community Bancorp, Inc.................... 45,172 697,907 #* NewStar Financial, Inc............................. 3,834 40,525 Northeast Community Bancorp, Inc................... 1,626 11,284 Northern Trust Corp................................ 23,457 1,533,619 # Northfield Bancorp, Inc............................ 5,064 72,922 Northrim BanCorp, Inc.............................. 600 12,438 NorthStar Asset Management Group, Inc.............. 19,518 413,196 Northwest Bancshares, Inc.......................... 10,509 124,006 # OceanFirst Financial Corp.......................... 1,629 26,390 #* Ocwen Financial Corp............................... 12,045 73,715 # OFG Bancorp........................................ 3,500 56,350 Old National Bancorp............................... 9,703 130,117 Old Republic International Corp.................... 25,886 363,439 OneBeacon Insurance Group, Ltd. Class A............ 3,161 49,975 Oppenheimer Holdings, Inc. Class A................. 765 15,109 Oritani Financial Corp............................. 6,231 87,919 Pacific Continental Corp........................... 1,300 16,432 * Pacific Mercantile Bancorp......................... 1,425 9,761 PacWest Bancorp.................................... 9,737 416,305 # Park National Corp................................. 1,100 88,451 Park Sterling Corp................................. 1,320 8,844 PartnerRe, Ltd..................................... 5,942 679,765 * Patriot National Bancorp, Inc...................... 200 344 # Peapack Gladstone Financial Corp................... 1,562 27,850 # People's United Financial, Inc..................... 35,258 496,080 # Peoples Bancorp, Inc............................... 1,197 27,351 * PHH Corp........................................... 5,033 125,523 * Phoenix Cos., Inc. (The)........................... 418 25,929 #* PICO Holdings, Inc................................. 1,800 28,782 Pinnacle Financial Partners, Inc................... 3,063 110,084 * Piper Jaffray Cos.................................. 1,704 86,989 Platinum Underwriters Holdings, Ltd................ 4,187 309,126 PNC Financial Services Group, Inc. (The)........... 57,731 4,880,579 * Popular, Inc....................................... 10,217 314,990 #* PRA Group, Inc..................................... 5,700 282,264 Preferred Bank..................................... 453 11,828 Primerica, Inc..................................... 4,556 226,160 1253 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Principal Financial Group, Inc..................... 30,768 $1,443,942 PrivateBancorp, Inc................................ 6,123 185,772 ProAssurance Corp.................................. 6,800 301,716 Progressive Corp. (The)............................ 58,720 1,523,784 Prosperity Bancshares, Inc......................... 6,400 293,056 Protective Life Corp............................... 8,300 580,585 Provident Financial Services, Inc.................. 5,262 91,348 Prudential Financial, Inc.......................... 49,675 3,769,339 Pulaski Financial Corp............................. 342 4,070 Pzena Investment Management, Inc. Class A.......... 566 4,602 QC Holdings, Inc................................... 1,034 1,753 # Radian Group, Inc.................................. 9,498 149,688 Raymond James Financial, Inc....................... 12,829 675,062 * Realogy Holdings Corp.............................. 15,243 708,800 #* Regional Management Corp........................... 133 1,932 Regions Financial Corp............................. 147,472 1,283,006 Reinsurance Group of America, Inc.................. 7,190 595,404 RenaissanceRe Holdings, Ltd........................ 4,400 420,772 Renasant Corp...................................... 2,122 55,512 # Republic Bancorp, Inc. Class A..................... 805 18,346 #* Republic First Bancorp, Inc........................ 500 1,715 # Resource America, Inc. Class A..................... 2,228 19,584 * Riverview Bancorp, Inc............................. 1,205 5,302 # RLI Corp........................................... 3,600 168,876 # S&T Bancorp, Inc................................... 2,523 69,357 #* Safeguard Scientifics, Inc......................... 1,767 32,389 Safety Insurance Group, Inc........................ 1,800 111,510 # Sandy Spring Bancorp, Inc.......................... 1,969 48,693 * Seacoast Banking Corp. of Florida.................. 60 760 SEI Investments Co................................. 17,903 719,164 Selective Insurance Group, Inc..................... 5,977 154,326 SI Financial Group, Inc............................ 1,347 14,830 # Sierra Bancorp..................................... 240 3,802 * Signature Bank..................................... 5,530 647,729 Simmons First National Corp. Class A............... 1,469 54,970 Simplicity Bancorp, Inc............................ 784 13,791 SLM Corp........................................... 53,247 485,080 South State Corp................................... 2,610 155,843 # Southside Bancshares, Inc.......................... 2,916 79,607 Southwest Bancorp, Inc............................. 1,600 24,416 #* St Joe Co. (The)................................... 6,985 112,878 StanCorp Financial Group, Inc...................... 4,400 272,976 State Auto Financial Corp.......................... 1,800 39,600 State Street Corp.................................. 48,206 3,447,211 Sterling Bancorp................................... 7,216 95,107 Stewart Information Services Corp.................. 1,894 67,805 * Stifel Financial Corp.............................. 5,929 279,552 Stock Yards Bancorp, Inc........................... 1,733 53,376 Suffolk Bancorp.................................... 1,838 42,274 #* Sun Bancorp, Inc................................... 427 7,814 SunTrust Banks, Inc................................ 58,912 2,263,399 Susquehanna Bancshares, Inc........................ 18,710 235,933 * SVB Financial Group................................ 5,195 586,516 1254 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Symetra Financial Corp............................. 7,540 $ 153,137 # Synovus Financial Corp............................. 14,407 371,268 T Rowe Price Group, Inc............................ 27,765 2,185,661 TCF Financial Corp................................. 15,296 224,851 TD Ameritrade Holding Corp......................... 28,912 936,460 #* Tejon Ranch Co..................................... 1,649 40,598 Territorial Bancorp, Inc........................... 840 18,262 * Texas Capital Bancshares, Inc...................... 4,203 171,693 TFS Financial Corp................................. 11,114 155,818 # Tompkins Financial Corp............................ 868 44,502 Torchmark Corp..................................... 14,850 743,540 Towne Bank......................................... 2,502 36,304 Travelers Cos., Inc. (The)......................... 38,902 3,999,904 Trico Bancshares................................... 1,628 38,014 # TrustCo Bank Corp.................................. 7,300 46,939 # Trustmark Corp..................................... 7,311 156,163 U.S. Bancorp....................................... 198,344 8,312,597 # UMB Financial Corp................................. 3,900 189,228 # Umpqua Holdings Corp............................... 20,369 315,923 Union Bankshares Corp.............................. 4,955 99,100 # United Bankshares, Inc............................. 6,183 209,047 United Community Banks, Inc........................ 3,059 53,563 # United Community Financial Corp.................... 596 3,218 United Financial Bancorp, Inc...................... 5,504 68,470 United Fire Group, Inc............................. 2,765 77,254 * United Security Bancshares......................... 1,718 8,865 # Universal Insurance Holdings, Inc.................. 2,136 49,619 Univest Corp. of Pennsylvania...................... 1,893 35,058 Unum Group......................................... 29,554 917,947 Validus Holdings, Ltd.............................. 8,464 335,598 # Valley National Bancorp............................ 21,526 195,456 # Virtus Investment Partners, Inc.................... 750 101,723 Voya Financial, Inc................................ 14,581 568,805 Waddell & Reed Financial, Inc. Class A............. 9,308 416,161 * Walker & Dunlop, Inc............................... 1,159 20,572 # Washington Federal, Inc............................ 9,784 194,310 # Washington Trust Bancorp, Inc...................... 1,700 62,254 Waterstone Financial, Inc.......................... 1,767 22,406 Webster Financial Corp............................. 9,115 278,281 Wells Fargo & Co................................... 550,965 28,606,103 # WesBanco, Inc...................................... 2,465 74,394 # West Bancorporation, Inc........................... 2,033 33,260 # Westamerica Bancorporation......................... 3,200 130,176 * Western Alliance Bancorp........................... 9,287 238,769 Westfield Financial, Inc........................... 4,099 29,513 # Westwood Holdings Group, Inc....................... 700 41,293 White Mountains Insurance Group, Ltd............... 22 14,181 Willis Group Holdings P.L.C........................ 62,835 2,720,755 Wilshire Bancorp, Inc.............................. 6,161 56,065 Wintrust Financial Corp............................ 4,593 199,658 # WisdomTree Investments, Inc........................ 12,588 219,283 #* World Acceptance Corp.............................. 1,500 110,175 # WR Berkley Corp.................................... 12,332 604,145 1255 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) WSFS Financial Corp................................ 415 $ 30,652 XL Group P.L.C..................................... 31,713 1,093,781 * Yadkin Financial Corp.............................. 157 2,992 Zions Bancorporation............................... 20,774 497,745 ------------ Total Financials....................................... 320,070,388 ------------ Health Care -- (13.8%) # Abaxis, Inc........................................ 1,236 75,989 Abbott Laboratories................................ 165,498 7,407,690 AbbVie, Inc........................................ 174,282 10,517,919 #* Acadia Healthcare Co., Inc......................... 5,360 309,540 #* ACADIA Pharmaceuticals, Inc........................ 8,876 270,097 #* Accuray, Inc....................................... 4,567 33,659 #* Acorda Therapeutics, Inc........................... 4,300 178,665 #* Actavis P.L.C...................................... 29,193 7,781,102 * Addus HomeCare Corp................................ 340 7,541 Aetna, Inc......................................... 40,376 3,707,324 #* Affymetrix, Inc.................................... 12,765 140,926 Agilent Technologies, Inc.......................... 36,322 1,371,882 #* Agios Pharmaceuticals, Inc......................... 2,400 278,208 #* Air Methods Corp................................... 3,900 162,045 #* Akorn, Inc......................................... 8,986 382,624 #* Albany Molecular Research, Inc..................... 3,400 55,522 * Alere, Inc......................................... 8,565 348,510 * Alexion Pharmaceuticals, Inc....................... 21,654 3,967,879 #* Align Technology, Inc.............................. 7,510 398,406 #* Alkermes P.L.C..................................... 29,557 2,135,493 Allergan, Inc...................................... 31,158 6,831,703 * Alliance HealthCare Services, Inc.................. 1,000 22,540 #* Allscripts Healthcare Solutions, Inc............... 18,960 225,814 #* Almost Family, Inc................................. 812 24,652 #* Alnylam Pharmaceuticals, Inc....................... 6,927 649,960 * Alphatec Holdings, Inc............................. 7,600 9,728 #* AMAG Pharmaceuticals, Inc.......................... 2,000 88,380 #* Amedisys, Inc...................................... 3,037 85,583 AmerisourceBergen Corp............................. 25,180 2,393,359 Amgen, Inc......................................... 83,018 12,640,321 * AMN Healthcare Services, Inc....................... 6,328 119,093 * Amsurg Corp........................................ 4,550 251,069 # Analogic Corp...................................... 1,300 105,989 * AngioDynamics, Inc................................. 1,880 36,181 #* Anika Therapeutics, Inc............................ 1,888 73,972 Anthem, Inc........................................ 32,544 4,392,138 * Arqule, Inc........................................ 2,900 3,364 #* athenahealth, Inc.................................. 3,898 544,590 Baxter International, Inc.......................... 59,079 4,153,844 Becton Dickinson and Co............................ 20,934 2,890,567 #* Bio-Rad Laboratories, Inc. Class A................. 2,013 230,428 * Bio-Reference Laboratories, Inc.................... 2,873 96,332 Bio-Techne Corp.................................... 3,871 360,080 * Biogen Idec, Inc................................... 26,021 10,126,332 * BioMarin Pharmaceutical, Inc....................... 15,353 1,491,697 #* BioScrip, Inc...................................... 6,872 39,514 1256 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Biota Pharmaceuticals, Inc......................... 488 $ 1,171 #* BioTelemetry, Inc.................................. 646 6,382 * Boston Scientific Corp............................. 159,048 2,355,501 Bristol-Myers Squibb Co............................ 181,943 10,965,705 #* Brookdale Senior Living, Inc....................... 16,178 546,007 #* Bruker Corp........................................ 10,040 189,354 * Cambrex Corp....................................... 3,827 85,840 Cantel Medical Corp................................ 3,750 152,138 #* Capital Senior Living Corp......................... 3,849 91,876 Cardinal Health, Inc............................... 35,293 2,936,025 * CareFusion Corp.................................... 23,317 1,382,698 * Celgene Corp....................................... 87,214 10,392,420 * Centene Corp....................................... 6,400 698,624 #* Cepheid............................................ 6,605 373,249 * Cerner Corp........................................ 33,089 2,195,455 * Charles River Laboratories International, Inc...... 5,400 374,490 # Chemed Corp........................................ 2,300 232,622 Cigna Corp......................................... 29,209 3,120,397 #* Community Health Systems, Inc...................... 12,889 606,685 # Computer Programs & Systems, Inc................... 1,145 56,403 # CONMED Corp........................................ 2,535 120,767 # Cooper Cos., Inc. (The)............................ 5,265 830,027 * Corvel Corp........................................ 1,800 59,292 * Covance, Inc....................................... 5,900 626,639 CR Bard, Inc....................................... 7,800 1,334,034 * Cross Country Healthcare, Inc...................... 1,700 17,391 CryoLife, Inc...................................... 3,061 34,467 * Cumberland Pharmaceuticals, Inc.................... 2,792 16,222 * Cutera, Inc........................................ 1,850 24,605 * Cyberonics, Inc.................................... 2,900 161,153 #* Cynosure, Inc. Class A............................. 1,993 60,228 * DaVita HealthCare Partners, Inc.................... 18,740 1,406,624 DENTSPLY International, Inc........................ 14,018 701,250 * Depomed, Inc....................................... 8,100 147,987 * DexCom, Inc........................................ 8,851 529,113 * Edwards Lifesciences Corp.......................... 11,906 1,492,417 Eli Lilly & Co..................................... 109,999 7,919,928 #* Emergent Biosolutions, Inc......................... 2,866 80,334 * Endo International P.L.C........................... 16,690 1,328,704 Ensign Group, Inc. (The)........................... 1,831 75,987 * Envision Healthcare Holdings, Inc.................. 15,031 516,766 * Enzo Biochem, Inc.................................. 3,718 11,712 #* EPIRUS Biopharmaceuticals, Inc..................... 16 79 * Exactech, Inc...................................... 1,400 29,106 #* ExamWorks Group, Inc............................... 4,044 149,466 * Express Scripts Holding Co......................... 85,387 6,891,585 * Five Star Quality Care, Inc........................ 4,366 15,194 * Genesis Healthcare, Inc............................ 2,400 19,920 * Gentiva Health Services, Inc....................... 3,177 61,697 * Gilead Sciences, Inc............................... 166,797 17,485,330 #* Globus Medical, Inc. Class A....................... 5,200 122,616 * Greatbatch, Inc.................................... 2,450 118,972 * Haemonetics Corp................................... 5,600 221,760 1257 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Halyard Health, Inc................................ 5,003 $ 222,984 #* Hanger, Inc........................................ 3,139 67,740 #* Harvard Apparatus Regenerative Technology, Inc..... 1,034 3,361 * Harvard Bioscience, Inc............................ 4,139 21,564 * HCA Holdings, Inc.................................. 32,841 2,325,143 * Health Net, Inc.................................... 8,691 470,791 HealthSouth Corp................................... 10,319 455,068 * HealthStream, Inc.................................. 2,809 79,382 #* Healthways, Inc.................................... 3,100 63,922 * Henry Schein, Inc.................................. 9,246 1,276,595 Hill-Rom Holdings, Inc............................. 6,500 310,440 #* HMS Holdings Corp.................................. 7,750 153,334 * Hologic, Inc....................................... 25,846 784,814 * Hospira, Inc....................................... 18,244 1,157,217 Humana, Inc........................................ 17,105 2,504,856 * ICU Medical, Inc................................... 1,350 112,833 #* Idera Pharmaceuticals, Inc......................... 3,093 13,980 #* IDEXX Laboratories, Inc............................ 5,800 918,836 * Illumina, Inc...................................... 15,505 3,026,421 #* Impax Laboratories, Inc............................ 7,940 291,160 #* Incyte Corp........................................ 16,759 1,335,860 * Infinity Pharmaceuticals, Inc...................... 2,823 43,587 * Insys Therapeutics, Inc............................ 784 37,460 #* Integra LifeSciences Holdings Corp................. 2,600 144,872 #* Intrexon Corp...................................... 3,800 109,098 * Intuitive Surgical, Inc............................ 4,038 1,996,710 Invacare Corp...................................... 3,000 43,950 #* IPC Healthcare, Inc................................ 1,600 64,576 #* Isis Pharmaceuticals, Inc.......................... 11,938 817,872 #* Jazz Pharmaceuticals P.L.C......................... 6,346 1,074,632 Johnson & Johnson.................................. 312,626 31,306,368 Kindred Healthcare, Inc............................ 5,377 99,259 * Laboratory Corp. of America Holdings............... 10,100 1,159,278 # Landauer, Inc...................................... 917 25,648 #* Lannett Co., Inc................................... 2,787 132,187 LeMaitre Vascular, Inc............................. 2,283 18,059 * LHC Group, Inc..................................... 1,463 43,480 * LifePoint Hospitals, Inc........................... 4,944 322,547 #* Ligand Pharmaceuticals, Inc. Class B............... 1,893 107,750 #* Luminex Corp....................................... 3,762 66,399 #* Magellan Health, Inc............................... 2,600 156,312 * Mallinckrodt P.L.C................................. 12,372 1,311,308 * Masimo Corp........................................ 5,278 134,695 McKesson Corp...................................... 25,342 5,388,976 * MedAssets, Inc..................................... 4,800 88,848 o* MedCath Corp....................................... 1,565 -- * Medicines Co. (The)................................ 5,790 165,999 * MediciNova, Inc.................................... 500 1,890 * Medivation, Inc.................................... 8,037 874,586 * MEDNAX, Inc........................................ 10,528 714,746 Medtronic P.L.C.................................... 155,623 11,111,496 Merck & Co., Inc................................... 322,370 19,432,464 # Meridian Bioscience, Inc........................... 4,363 75,480 1258 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Merit Medical Systems, Inc......................... 4,472 $ 68,556 * Mettler-Toledo International, Inc.................. 3,200 972,640 #* Molina Healthcare, Inc............................. 3,211 163,472 * Momenta Pharmaceuticals, Inc....................... 4,800 51,696 #* MWI Veterinary Supply, Inc......................... 1,239 235,001 #* Mylan, Inc......................................... 43,350 2,304,052 #* Myriad Genetics, Inc............................... 9,000 336,780 National Healthcare Corp........................... 1,000 62,970 # National Research Corp. Class A.................... 600 8,310 # National Research Corp. Class B.................... 100 3,455 #* Natus Medical, Inc................................. 2,606 97,986 * Neogen Corp........................................ 2,958 136,364 * NuVasive, Inc...................................... 4,366 202,233 Omnicare, Inc...................................... 12,061 904,334 * Omnicell, Inc...................................... 4,051 128,943 #* Opko Health, Inc................................... 22,157 268,764 #* OraSure Technologies, Inc.......................... 4,876 44,810 * Orthofix International NV.......................... 1,730 52,765 # Owens & Minor, Inc................................. 6,767 231,634 #* Pacira Pharmaceuticals, Inc........................ 3,342 358,764 * Pain Therapeutics, Inc............................. 2,000 3,940 # Paratek Pharmaceuticals, Inc....................... 19 469 * PAREXEL International Corp......................... 6,325 385,572 Patterson Cos., Inc................................ 9,800 490,882 #* PDI, Inc........................................... 1,874 2,923 # PDL BioPharma, Inc................................. 14,616 106,551 PerkinElmer, Inc................................... 12,400 566,804 Perrigo Co. P.L.C.................................. 14,542 2,206,603 Pfizer, Inc........................................ 696,727 21,772,719 #* Pharmacyclics, Inc................................. 6,581 1,110,544 * PharMerica Corp.................................... 2,600 59,826 #* PhotoMedex, Inc.................................... 1,800 3,384 #* Pozen, Inc......................................... 3,692 25,512 #* Prestige Brands Holdings, Inc...................... 5,228 179,111 #* Progenics Pharmaceuticals, Inc..................... 3,300 19,734 * ProPhase Labs, Inc................................. 350 557 * Providence Service Corp. (The)..................... 1,602 62,478 #* pSivida Corp....................................... 1,029 3,982 #* Puma Biotechnology, Inc............................ 2,738 577,937 # Quality Systems, Inc............................... 4,000 65,160 # Quest Diagnostics, Inc............................. 16,526 1,174,503 #* Quidel Corp........................................ 2,861 67,348 * Quintiles Transnational Holdings, Inc.............. 7,459 451,269 #* RadNet, Inc........................................ 1,992 15,717 * Receptos, Inc...................................... 2,377 261,874 * Regeneron Pharmaceuticals, Inc..................... 8,600 3,583,276 #* Repligen Corp...................................... 3,600 87,444 # ResMed, Inc........................................ 14,750 921,432 #* Rigel Pharmaceuticals, Inc......................... 5,853 12,116 #* RTI Surgical, Inc.................................. 5,843 26,060 #* Sagent Pharmaceuticals, Inc........................ 432 11,089 #* Salix Pharmaceuticals, Ltd......................... 6,400 861,888 * Sciclone Pharmaceuticals, Inc...................... 2,710 20,000 1259 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) #* Seattle Genetics, Inc.............................. 11,055 $ 344,474 # Select Medical Holdings Corp....................... 6,247 84,459 #* Sirona Dental Systems, Inc......................... 5,975 539,064 * Special Diversified Opportunities, Inc............. 2,577 3,067 #* Spectrum Pharmaceuticals, Inc...................... 6,160 43,120 St Jude Medical, Inc............................... 29,968 1,973,992 # STERIS Corp........................................ 6,066 395,625 Stryker Corp....................................... 33,080 3,011,934 #* Sucampo Pharmaceuticals, Inc. Class A.............. 600 9,036 #* SurModics, Inc..................................... 1,400 32,088 * Symmetry Surgical, Inc............................. 825 5,940 #* Synageva BioPharma Corp............................ 2,200 253,484 #* Targacept, Inc..................................... 1,844 4,628 * Taro Pharmaceutical Industries, Ltd................ 1,377 229,271 * Team Health Holdings, Inc.......................... 7,080 366,036 # Teleflex, Inc...................................... 4,373 479,106 #* Tenet Healthcare Corp.............................. 11,700 494,676 #* Theravance Biopharma, Inc.......................... 2,396 38,911 Thermo Fisher Scientific, Inc...................... 43,031 5,387,912 * Thoratec Corp...................................... 6,444 231,275 * Tornier NV......................................... 1,109 26,805 * Triple-S Management Corp. Class B.................. 2,513 60,513 #* United Therapeutics Corp........................... 5,000 705,650 UnitedHealth Group, Inc............................ 108,703 11,549,694 * Universal American Corp............................ 3,113 28,110 Universal Health Services, Inc. Class B............ 9,500 974,035 US Physical Therapy, Inc........................... 902 34,989 Utah Medical Products, Inc......................... 276 15,646 #* Varian Medical Systems, Inc........................ 11,557 1,069,716 * Vascular Solutions, Inc............................ 1,700 46,342 * VCA, Inc........................................... 9,000 468,900 * Vertex Pharmaceuticals, Inc........................ 26,076 2,872,011 * Vical, Inc......................................... 798 830 * Waters Corp........................................ 9,300 1,107,165 #* WellCare Health Plans, Inc......................... 4,200 305,970 West Pharmaceutical Services, Inc.................. 7,390 364,401 * Wright Medical Group, Inc.......................... 3,917 95,614 Zimmer Holdings, Inc............................... 18,480 2,071,608 Zoetis, Inc........................................ 56,227 2,402,580 ------------ Total Health Care...................................... 339,360,408 ------------ Industrials -- (10.9%) 3M Co.............................................. 67,855 11,012,866 # AAON, Inc.......................................... 6,918 150,882 AAR Corp........................................... 3,583 102,689 ABM Industries, Inc................................ 5,315 153,444 Acacia Research Corp............................... 4,362 54,612 * ACCO Brands Corp................................... 10,352 81,988 Aceto Corp......................................... 2,454 47,608 Acme United Corp................................... 400 7,600 Actuant Corp. Class A.............................. 7,200 166,392 Acuity Brands, Inc................................. 4,982 746,752 #* Adept Technology, Inc.............................. 1,502 13,969 1260 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) # ADT Corp. (The).................................... 18,602 $ 639,909 #* Advisory Board Co. (The)........................... 3,600 168,768 * AECOM.............................................. 15,777 401,051 * Aegion Corp........................................ 6,240 95,597 #* Aerovironment, Inc................................. 2,727 69,784 # AGCO Corp.......................................... 10,140 439,468 # Air Lease Corp..................................... 10,293 359,637 * Air Transport Services Group, Inc.................. 3,656 30,454 Alamo Group, Inc................................... 789 35,544 Alaska Air Group, Inc.............................. 14,864 1,008,820 Albany International Corp. Class A................. 2,633 89,864 Allegiant Travel Co................................ 1,647 298,552 Allegion P.L.C..................................... 10,655 575,477 Alliant Techsystems, Inc........................... 3,650 475,631 Allison Transmission Holdings, Inc................. 16,196 507,259 # Altra Industrial Motion Corp....................... 4,206 107,463 * AMERCO............................................. 854 244,338 #* Ameresco, Inc. Class A............................. 1,700 9,911 American Airlines Group, Inc....................... 81,400 3,995,112 # American Railcar Industries, Inc................... 1,606 80,621 # American Science & Engineering, Inc................ 1,029 47,746 * American Woodmark Corp............................. 1,214 49,932 AMETEK, Inc........................................ 26,050 1,247,795 AO Smith Corp...................................... 9,832 584,119 Apogee Enterprises, Inc............................ 3,751 162,268 Applied Industrial Technologies, Inc............... 4,082 165,035 * ARC Document Solutions, Inc........................ 3,000 27,510 # ArcBest Corp....................................... 3,000 111,780 Argan, Inc......................................... 1,347 40,962 * Armstrong World Industries, Inc.................... 5,335 270,484 # Astec Industries, Inc.............................. 2,360 83,922 * Astronics Corp..................................... 1,158 64,489 #* Astronics Corp. Class B............................ 508 28,448 * Atlas Air Worldwide Holdings, Inc.................. 2,609 117,927 * Avis Budget Group, Inc............................. 11,377 652,016 AZZ, Inc........................................... 2,800 118,132 #* B/E Aerospace, Inc................................. 10,903 635,972 Babcock & Wilcox Co. (The)......................... 11,668 317,720 Barnes Group, Inc.................................. 5,300 182,055 # Barrett Business Services, Inc..................... 825 25,286 * Beacon Roofing Supply, Inc......................... 4,942 117,076 * Blount International, Inc.......................... 5,320 82,460 * BlueLinx Holdings, Inc............................. 873 908 Boeing Co. (The)................................... 75,085 10,915,106 Brady Corp. Class A................................ 4,590 120,120 # Briggs & Stratton Corp............................. 4,639 85,404 Brink's Co. (The).................................. 4,959 111,131 #* Builders FirstSource, Inc.......................... 3,029 17,932 * CAI International, Inc............................. 1,400 29,358 Carlisle Cos., Inc................................. 6,798 609,645 #* Casella Waste Systems, Inc. Class A................ 3,338 12,718 Caterpillar, Inc................................... 69,724 5,575,828 #* CBIZ, Inc.......................................... 5,600 46,368 1261 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) CDI Corp........................................... 1,100 $ 18,689 Ceco Environmental Corp............................ 1,142 15,668 Celadon Group, Inc................................. 3,823 91,102 # CH Robinson Worldwide, Inc......................... 17,200 1,224,984 * Chart Industries, Inc.............................. 3,200 91,200 # Chicago Bridge & Iron Co. NV....................... 8,906 307,346 Cintas Corp........................................ 10,200 802,740 CIRCOR International, Inc.......................... 1,580 78,036 Civeo Corp......................................... 11,400 33,402 # CLARCOR, Inc....................................... 5,300 331,409 #* Clean Harbors, Inc................................. 6,136 290,356 #* Colfax Corp........................................ 8,888 402,715 Columbus McKinnon Corp............................. 2,000 50,100 Comfort Systems USA, Inc........................... 4,929 82,068 * Command Security Corp.............................. 1,531 3,384 * Commercial Vehicle Group, Inc...................... 2,700 14,931 Con-way, Inc....................................... 5,656 231,726 Copa Holdings SA Class A........................... 3,120 335,431 * Copart, Inc........................................ 11,500 420,900 Corporate Executive Board Co. (The)................ 3,688 252,702 Courier Corp....................................... 1,460 34,266 # Covanta Holding Corp............................... 12,535 256,215 * Covenant Transportation Group, Inc. Class A........ 779 22,046 * CPI Aerostructures, Inc............................ 541 6,357 * CRA International, Inc............................. 1,100 32,483 Crane Co........................................... 4,900 298,655 CSX Corp........................................... 109,820 3,657,006 Cubic Corp......................................... 1,635 85,494 Cummins, Inc....................................... 18,889 2,634,260 Curtiss-Wright Corp................................ 4,900 325,997 Danaher Corp....................................... 67,167 5,533,217 # Deere & Co......................................... 37,000 3,152,030 Delta Air Lines, Inc............................... 92,217 4,362,786 # Deluxe Corp........................................ 5,900 383,087 * DigitalGlobe, Inc.................................. 7,382 198,502 # Donaldson Co., Inc................................. 15,100 552,056 Douglas Dynamics, Inc.............................. 3,141 63,417 Dover Corp......................................... 19,380 1,357,375 * Ducommun, Inc...................................... 1,100 28,567 Dun & Bradstreet Corp. (The)....................... 4,900 564,039 * DXP Enterprises, Inc............................... 999 40,979 * Dycom Industries, Inc.............................. 3,188 98,222 # Dynamic Materials Corp............................. 1,062 15,038 Eastern Co. (The).................................. 600 11,352 Eaton Corp. P.L.C.................................. 50,878 3,209,893 * Echo Global Logistics, Inc......................... 1,877 49,553 EMCOR Group, Inc................................... 7,100 286,556 # Emerson Electric Co................................ 76,589 4,360,978 # Encore Wire Corp................................... 1,900 58,197 #* Energy Recovery, Inc............................... 2,000 6,600 EnerSys............................................ 5,200 303,576 #* Engility Holdings, Inc............................. 1,833 73,137 Ennis, Inc......................................... 2,716 36,231 1262 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * EnPro Industries, Inc.............................. 2,000 $ 118,660 Equifax, Inc....................................... 12,698 1,072,473 ESCO Technologies, Inc............................. 2,486 89,546 * Esterline Technologies Corp........................ 3,200 358,688 Exelis, Inc........................................ 19,667 336,502 Expeditors International of Washington, Inc........ 22,436 980,004 Exponent, Inc...................................... 1,400 112,196 # Fastenal Co........................................ 30,365 1,348,206 Federal Signal Corp................................ 6,721 102,630 FedEx Corp......................................... 30,129 5,095,115 Flowserve Corp..................................... 15,600 850,044 Fluor Corp......................................... 16,123 864,032 Fortune Brands Home & Security, Inc................ 16,980 760,534 Forward Air Corp................................... 4,083 183,327 * Franklin Covey Co.................................. 1,500 27,105 # Franklin Electric Co., Inc......................... 5,400 184,734 FreightCar America, Inc............................ 1,200 28,008 * FTI Consulting, Inc................................ 4,114 167,316 #* Fuel Tech, Inc..................................... 1,700 5,491 * Furmanite Corp..................................... 3,300 24,189 G&K Services, Inc. Class A......................... 1,900 133,190 GATX Corp.......................................... 4,700 268,605 #* Gencor Industries, Inc............................. 400 3,660 #* GenCorp, Inc....................................... 4,917 82,606 #* Generac Holdings, Inc.............................. 6,865 300,275 # General Cable Corp................................. 5,029 57,532 General Dynamics Corp.............................. 31,432 4,187,057 General Electric Co................................ 1,108,872 26,490,952 * Genesee & Wyoming, Inc. Class A.................... 5,762 475,077 * Gibraltar Industries, Inc.......................... 3,140 47,540 Global Power Equipment Group, Inc.................. 1,290 15,906 #* Goldfield Corp. (The).............................. 1,983 4,501 # Gorman-Rupp Co. (The).............................. 2,441 69,593 * GP Strategies Corp................................. 1,842 61,486 Graco, Inc......................................... 6,625 471,965 #* GrafTech International, Ltd........................ 12,182 44,221 Graham Corp........................................ 1,500 31,035 # Granite Construction, Inc.......................... 3,685 125,585 * Great Lakes Dredge & Dock Corp..................... 6,665 51,787 # Greenbrier Cos., Inc. (The)........................ 2,169 112,636 # Griffon Corp....................................... 5,003 73,494 H&E Equipment Services, Inc........................ 3,255 57,093 Hardinge, Inc...................................... 700 7,987 Harsco Corp........................................ 8,088 119,379 * Hawaiian Holdings, Inc............................. 4,038 78,499 * HC2 Holdings, Inc.................................. 900 6,714 * HD Supply Holdings, Inc............................ 18,371 529,636 # Healthcare Services Group, Inc..................... 1,607 50,637 # Heartland Express, Inc............................. 5,162 132,612 # HEICO Corp......................................... 2,900 175,972 HEICO Corp. Class A................................ 3,551 167,501 Heidrick & Struggles International, Inc............ 1,861 41,240 Herman Miller, Inc................................. 6,453 187,460 1263 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Hertz Global Holdings, Inc......................... 36,477 $ 748,508 Hexcel Corp........................................ 10,870 480,780 * Hill International, Inc............................ 4,200 16,044 Hillenbrand, Inc................................... 6,405 201,181 HNI Corp........................................... 4,673 230,145 Honeywell International, Inc....................... 81,267 7,944,662 Houston Wire & Cable Co............................ 2,370 26,236 * Hub Group, Inc. Class A............................ 5,798 193,653 Hubbell, Inc. Class A.............................. 275 29,851 Hubbell, Inc. Class B.............................. 5,637 597,747 * Hudson Global, Inc................................. 3,600 8,820 Huntington Ingalls Industries, Inc................. 5,491 640,251 Hurco Cos., Inc.................................... 883 30,976 * Huron Consulting Group, Inc........................ 2,384 179,324 Hyster-Yale Materials Handling, Inc................ 1,066 66,785 * ICF International, Inc............................. 1,750 65,380 # IDEX Corp.......................................... 8,775 634,871 * IHS, Inc. Class A.................................. 7,064 813,278 Illinois Tool Works, Inc........................... 42,288 3,936,590 Ingersoll-Rand P.L.C............................... 30,166 2,003,022 #* InnerWorkings, Inc................................. 5,543 28,436 * Innovative Solutions & Support, Inc................ 1,906 7,510 # Insperity, Inc..................................... 3,580 150,145 Insteel Industries, Inc............................ 2,000 40,840 * Integrated Electrical Services, Inc................ 858 6,272 Interface, Inc..................................... 7,269 114,196 # International Shipholding Corp..................... 637 10,676 # Intersections, Inc................................. 1,231 4,210 ITT Corp........................................... 9,589 343,382 * Jacobs Engineering Group, Inc...................... 13,400 510,540 # JB Hunt Transport Services, Inc.................... 10,057 800,638 #* JetBlue Airways Corp............................... 26,500 444,935 John Bean Technologies Corp........................ 2,998 90,510 # Joy Global, Inc.................................... 10,525 441,418 Kadant, Inc........................................ 900 35,766 # Kaman Corp......................................... 10,849 412,479 # Kansas City Southern............................... 11,215 1,234,659 KAR Auction Services, Inc.......................... 14,084 480,405 KBR, Inc........................................... 15,190 251,091 # Kelly Services, Inc. Class A....................... 2,711 45,816 # Kennametal, Inc.................................... 8,500 267,070 * Key Technology, Inc................................ 744 9,523 Kforce, Inc........................................ 2,790 65,286 # Kimball International, Inc. Class B................ 2,500 21,675 * Kirby Corp......................................... 5,300 384,197 * KLX, Inc........................................... 5,451 214,279 # Knight Transportation, Inc......................... 5,768 164,330 Knoll, Inc......................................... 5,103 104,560 * Korn/Ferry International........................... 4,871 138,824 #* Kratos Defense & Security Solutions, Inc........... 3,728 18,118 L-3 Communications Holdings, Inc................... 11,000 1,354,320 Landstar System, Inc............................... 4,810 308,225 #* Lawson Products, Inc............................... 649 15,965 1264 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) #* Layne Christensen Co............................... 1,700 $ 13,753 LB Foster Co. Class A.............................. 581 27,545 Lennox International, Inc.......................... 4,700 462,057 Lincoln Electric Holdings, Inc..................... 8,460 574,519 # Lindsay Corp....................................... 1,349 116,581 #* LMI Aerospace, Inc................................. 698 9,912 Lockheed Martin Corp............................... 29,249 5,509,634 LSI Industries, Inc................................ 2,400 17,616 * Lydall, Inc........................................ 1,419 39,093 # Manitowoc Co., Inc. (The).......................... 13,600 254,320 Manpowergroup, Inc................................. 7,713 562,123 # Marten Transport, Ltd.............................. 3,358 68,671 Masco Corp......................................... 38,326 952,018 #* MasTec, Inc........................................ 6,300 116,676 Matson, Inc........................................ 4,200 145,950 Matthews International Corp. Class A............... 2,546 117,956 McGrath RentCorp................................... 2,486 75,525 #* Meritor, Inc....................................... 9,997 127,962 * Mfri, Inc.......................................... 1,091 6,088 * Middleby Corp. (The)............................... 6,075 577,246 Miller Industries, Inc............................. 1,421 28,704 * Mistras Group, Inc................................. 203 4,080 # Mobile Mini, Inc................................... 3,845 139,574 * Moog, Inc. Class A................................. 3,953 277,896 #* MRC Global, Inc.................................... 6,500 70,265 # MSA Safety, Inc.................................... 3,481 151,980 # MSC Industrial Direct Co., Inc. Class A............ 5,217 391,640 Mueller Industries, Inc............................ 5,800 182,062 Mueller Water Products, Inc. Class A............... 15,235 155,854 # Multi-Color Corp................................... 1,486 86,515 * MYR Group, Inc..................................... 2,509 62,800 # National Presto Industries, Inc.................... 737 46,431 * Navigant Consulting, Inc........................... 4,323 62,381 * NCI Building Systems, Inc.......................... 674 10,400 Nielsen NV......................................... 30,700 1,337,292 # NL Industries, Inc................................. 4,704 32,975 NN, Inc............................................ 1,100 25,355 # Nordson Corp....................................... 6,170 449,546 Norfolk Southern Corp.............................. 33,685 3,434,859 * Nortek, Inc........................................ 786 59,995 Northrop Grumman Corp.............................. 23,019 3,612,832 #* Northwest Pipe Co.................................. 1,100 26,323 #* NOW, Inc........................................... 11,296 281,835 * Old Dominion Freight Line, Inc..................... 6,962 488,175 Omega Flex, Inc.................................... 302 9,474 * On Assignment, Inc................................. 4,685 164,584 * Orbital Sciences Corp.............................. 5,714 160,506 #* Orion Energy Systems, Inc.......................... 230 1,042 * Orion Marine Group, Inc............................ 2,500 22,825 Oshkosh Corp....................................... 9,200 394,220 Owens Corning...................................... 11,644 466,342 PACCAR, Inc........................................ 37,833 2,274,142 Pall Corp.......................................... 12,100 1,170,796 1265 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * PAM Transportation Services, Inc................... 492 $ 28,487 Park-Ohio Holdings Corp............................ 1,300 69,459 Parker Hannifin Corp............................... 15,690 1,827,257 * Patrick Industries, Inc............................ 600 25,800 * Pendrell Corp...................................... 12,128 15,766 Pentair P.L.C...................................... 22,197 1,371,997 * PGT, Inc........................................... 2,609 22,411 Pitney Bowes, Inc.................................. 21,813 523,076 * PMFG, Inc.......................................... 400 1,924 #* Polypore International, Inc........................ 5,100 228,072 # Powell Industries, Inc............................. 700 27,307 #* PowerSecure International, Inc..................... 2,600 24,440 Precision Castparts Corp........................... 15,985 3,198,598 # Primoris Services Corp............................. 3,064 57,542 #* Proto Labs, Inc.................................... 1,283 82,612 Quad/Graphics, Inc................................. 2,303 46,152 * Quality Distribution, Inc.......................... 2,577 21,492 Quanex Building Products Corp...................... 3,800 71,554 * Quanta Services, Inc............................... 20,829 551,552 # Raven Industries, Inc.............................. 5,746 123,194 Raytheon Co........................................ 34,592 3,460,930 # RBC Bearings, Inc.................................. 2,240 130,010 RCM Technologies, Inc.............................. 395 2,338 Regal-Beloit Corp.................................. 4,464 307,346 * Republic Airways Holdings, Inc..................... 4,358 59,966 Republic Services, Inc............................. 31,237 1,239,484 Resources Connection, Inc.......................... 4,266 71,242 * Rexnord Corp....................................... 9,016 223,146 * Roadrunner Transportation Systems, Inc............. 1,537 31,232 Robert Half International, Inc..................... 14,493 841,464 Rockwell Automation, Inc........................... 14,920 1,625,086 Rockwell Collins, Inc.............................. 14,032 1,201,420 # Rollins, Inc....................................... 6,926 228,904 Roper Industries, Inc.............................. 10,600 1,636,004 * RPX Corp........................................... 2,672 32,999 # RR Donnelley & Sons Co............................. 21,114 347,748 #* Rush Enterprises, Inc. Class A..................... 2,675 74,900 # Ryder System, Inc.................................. 5,488 454,352 * Saia, Inc.......................................... 2,325 97,906 #* Sensata Technologies Holding NV.................... 16,130 795,532 # SIFCO Industries, Inc.............................. 100 2,899 Simpson Manufacturing Co., Inc..................... 3,827 124,913 SkyWest, Inc....................................... 4,969 62,361 Snap-on, Inc....................................... 6,294 835,277 #* SolarCity Corp..................................... 2,775 134,893 Southwest Airlines Co.............................. 81,139 3,665,860 * SP Plus Corp....................................... 2,343 52,296 * Sparton Corp....................................... 400 9,392 * Spirit Aerosystems Holdings, Inc. Class A.......... 14,200 639,568 * Spirit Airlines, Inc............................... 7,388 547,746 SPX Corp........................................... 5,400 451,278 #* Standard Register Co. (The)........................ 360 565 Standex International Corp......................... 1,820 127,564 1266 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Stanley Black & Decker, Inc........................ 16,463 $ 1,541,760 Steelcase, Inc. Class A............................ 13,910 234,801 * Stericycle, Inc.................................... 9,382 1,231,763 #* Sterling Construction Co., Inc..................... 1,440 4,997 Sun Hydraulics Corp................................ 2,235 80,996 #* Swift Transportation Co............................ 9,100 223,678 TAL International Group, Inc....................... 3,192 129,755 #* Taser International, Inc........................... 5,800 156,658 * Team, Inc.......................................... 1,992 75,975 * Tecumseh Products Co............................... 900 3,186 * Teledyne Technologies, Inc......................... 3,700 351,648 Tennant Co......................................... 1,603 104,532 # Terex Corp......................................... 11,602 260,813 Tetra Tech, Inc.................................... 6,326 145,688 Textainer Group Holdings, Ltd...................... 2,100 68,901 Textron, Inc....................................... 29,300 1,247,008 * Thermon Group Holdings, Inc........................ 2,619 53,559 Timken Co. (The)................................... 8,560 325,366 # Titan International, Inc........................... 4,800 42,912 #* Titan Machinery, Inc............................... 1,496 21,138 Toro Co. (The)..................................... 6,400 415,424 Towers Watson & Co. Class A........................ 7,250 859,125 TransDigm Group, Inc............................... 5,400 1,109,862 * TRC Cos., Inc...................................... 3,000 20,730 #* Trex Co., Inc...................................... 2,928 124,528 * Trimas Corp........................................ 3,678 99,269 # Trinity Industries, Inc............................ 16,800 444,696 # Triumph Group, Inc................................. 5,222 297,967 * TrueBlue, Inc...................................... 4,300 94,858 * Tutor Perini Corp.................................. 3,160 68,604 Twin Disc, Inc..................................... 668 10,755 Tyco International P.L.C........................... 49,979 2,039,643 * Ultralife Corp..................................... 2,100 7,035 UniFirst Corp...................................... 1,540 178,840 Union Pacific Corp................................. 100,032 11,724,751 * United Continental Holdings, Inc................... 39,860 2,765,088 United Parcel Service, Inc. Class B................ 75,270 7,439,687 * United Rentals, Inc................................ 10,112 837,779 United Stationers, Inc............................. 3,629 146,285 United Technologies Corp........................... 95,229 10,930,385 Universal Forest Products, Inc..................... 1,800 90,108 Universal Truckload Services, Inc.................. 888 20,921 # US Ecology, Inc.................................... 1,848 76,618 #* USA Truck, Inc..................................... 1,235 34,333 #* USG Corp........................................... 9,800 298,410 #* UTi Worldwide, Inc................................. 9,764 115,899 # Valmont Industries, Inc............................ 2,500 300,300 * Vectrus, Inc....................................... 1,092 30,401 * Verisk Analytics, Inc. Class A..................... 14,460 930,501 #* Veritiv Corp....................................... 831 42,273 * Versar, Inc........................................ 1,500 4,575 Viad Corp.......................................... 1,850 49,913 #* Vicor Corp......................................... 1,200 12,924 1267 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) * Virco Manufacturing Corp........................... 1,718 $ 4,123 # VSE Corp........................................... 800 57,896 #* Wabash National Corp............................... 6,947 86,629 * WABCO Holdings, Inc................................ 6,600 628,122 Wabtec Corp........................................ 10,320 861,204 Waste Connections, Inc............................. 12,075 521,881 Waste Management, Inc.............................. 46,755 2,404,610 # Watsco, Inc........................................ 2,800 304,808 Watts Water Technologies, Inc. Class A............. 2,870 168,268 # Werner Enterprises, Inc............................ 4,400 125,532 #* Wesco Aircraft Holdings, Inc....................... 2,513 32,770 #* WESCO International, Inc........................... 4,987 332,932 # West Corp.......................................... 1,741 56,931 * Willis Lease Finance Corp.......................... 400 8,264 Woodward, Inc...................................... 6,716 299,601 # WW Grainger, Inc................................... 6,500 1,532,960 #* XPO Logistics, Inc................................. 827 30,425 Xylem, Inc......................................... 19,333 659,255 ------------ Total Industrials...................................... 266,485,493 ------------ Information Technology -- (18.6%) #* 3D Systems Corp.................................... 10,300 299,524 Accenture P.L.C. Class A........................... 67,785 5,695,974 * ACI Worldwide, Inc................................. 12,654 233,719 Activision Blizzard, Inc........................... 51,000 1,065,645 * Actua Corp......................................... 3,900 62,790 * Acxiom Corp........................................ 7,928 144,290 * ADDvantage Technologies Group, Inc................. 400 928 * Adobe Systems, Inc................................. 51,768 3,630,490 ADTRAN, Inc........................................ 5,562 122,976 * Advanced Energy Industries, Inc.................... 4,259 102,216 #* Advanced Micro Devices, Inc........................ 58,380 150,037 # Advent Software, Inc............................... 5,022 210,171 #* Agilysys, Inc...................................... 2,000 20,760 * Akamai Technologies, Inc........................... 19,069 1,108,958 #* Alliance Data Systems Corp......................... 6,887 1,989,172 * Alpha & Omega Semiconductor, Ltd................... 640 5,613 Altera Corp........................................ 33,767 1,111,778 Amdocs, Ltd........................................ 16,670 803,161 American Software, Inc. Class A.................... 2,676 22,184 * Amkor Technology, Inc.............................. 9,515 60,420 Amphenol Corp. Class A............................. 33,688 1,809,382 * Amtech Systems, Inc................................ 700 5,719 #* ANADIGICS, Inc..................................... 8,617 9,306 Analog Devices, Inc................................ 32,518 1,694,350 * Anixter International, Inc......................... 3,000 226,080 * ANSYS, Inc......................................... 9,592 773,787 * AOL, Inc........................................... 8,562 370,306 Apple, Inc......................................... 677,523 79,378,595 Applied Materials, Inc............................. 129,786 2,964,312 * ARRIS Group, Inc................................... 13,250 347,415 * Arrow Electronics, Inc............................. 11,300 621,952 * Aspen Technology, Inc.............................. 9,812 346,805 1268 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Atmel Corp......................................... 46,749 $ 389,419 * Autodesk, Inc...................................... 23,409 1,264,203 Automatic Data Processing, Inc..................... 51,564 4,255,577 Avago Technologies, Ltd............................ 27,397 2,818,603 * AVG Technologies NV................................ 13,216 261,412 * Aviat Networks, Inc................................ 6,079 7,781 #* Avid Technology, Inc............................... 3,971 51,464 Avnet, Inc......................................... 15,500 645,110 AVX Corp........................................... 6,815 88,118 Aware, Inc......................................... 2,752 13,430 * Axcelis Technologies, Inc.......................... 1,800 4,320 * AXT, Inc........................................... 2,829 7,865 # Badger Meter, Inc.................................. 1,600 95,776 Bel Fuse, Inc. Class B............................. 1,175 27,636 Belden, Inc........................................ 4,749 393,882 * Benchmark Electronics, Inc......................... 4,988 120,859 Black Box Corp..................................... 2,047 43,007 Blackbaud, Inc..................................... 5,000 218,550 #* Blackhawk Network Holdings, Inc. Class B........... 4,398 145,618 #* Blucora, Inc....................................... 5,747 77,699 Booz Allen Hamilton Holding Corp................... 7,249 211,018 * Bottomline Technologies de, Inc.................... 3,763 93,210 Broadcom Corp. Class A............................. 56,552 2,399,784 Broadridge Financial Solutions, Inc................ 13,095 628,429 Brocade Communications Systems, Inc................ 46,371 515,646 Brooks Automation, Inc............................. 5,441 70,243 * BTU International, Inc............................. 600 1,578 CA, Inc............................................ 34,897 1,057,379 * Cabot Microelectronics Corp........................ 2,700 133,407 * CACI International, Inc. Class A................... 2,335 197,518 #* Cadence Design Systems, Inc........................ 31,922 574,277 * CalAmp Corp........................................ 3,487 62,452 * Calix, Inc......................................... 3,886 37,306 #* Cardtronics, Inc................................... 5,453 183,275 * Cascade Microtech, Inc............................. 1,242 16,717 # Cass Information Systems, Inc...................... 1,118 48,991 * Cavium, Inc........................................ 5,085 299,049 CDK Global, Inc.................................... 17,294 780,997 CDW Corp........................................... 6,388 218,853 * Ceva, Inc.......................................... 1,916 35,082 * Checkpoint Systems, Inc............................ 4,385 56,830 #* Ciber, Inc......................................... 16,532 53,398 #* Ciena Corp......................................... 13,235 245,112 * Cimpress NV........................................ 3,805 306,493 #* Cirrus Logic, Inc.................................. 4,732 125,398 Cisco Systems, Inc................................. 568,169 14,979,776 * Citrix Systems, Inc................................ 19,517 1,156,577 #* Clearfield, Inc.................................... 574 6,762 * Cognex Corp........................................ 8,336 306,348 * Cognizant Technology Solutions Corp. Class A....... 66,862 3,619,240 * Coherent, Inc...................................... 2,264 140,096 Cohu, Inc.......................................... 1,500 16,995 Communications Systems, Inc........................ 1,155 11,839 1269 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * CommVault Systems, Inc............................. 4,695 $ 204,608 Computer Sciences Corp............................. 16,353 992,300 Computer Task Group, Inc........................... 1,400 11,326 #* comScore, Inc...................................... 2,204 91,598 Comtech Telecommunications Corp.................... 1,794 59,274 * Comverse, Inc...................................... 1,137 19,591 * Constant Contact, Inc.............................. 3,432 129,798 # Convergys Corp..................................... 11,700 224,172 * CoreLogic, Inc..................................... 9,249 307,067 Corning, Inc....................................... 158,824 3,775,246 #* CoStar Group, Inc.................................. 3,636 670,878 * Covisint Corp...................................... 2,786 6,185 #* Cray, Inc.......................................... 4,250 138,082 #* Cree, Inc.......................................... 11,750 415,480 #* Crexendo, Inc...................................... 1,426 2,039 CSG Systems International, Inc..................... 3,600 88,272 CTS Corp........................................... 6,518 104,288 * CyberOptics Corp................................... 1,199 13,081 # Cypress Semiconductor Corp......................... 16,000 235,680 Daktronics, Inc.................................... 4,150 51,377 #* Datalink Corp...................................... 1,423 16,165 #* Dealertrack Technologies, Inc...................... 4,579 184,076 #* Demand Media, Inc.................................. 553 2,240 * Dice Holdings, Inc................................. 4,237 35,040 # Diebold, Inc....................................... 5,900 184,080 * Digi International, Inc............................ 2,040 19,482 # Digimarc Corp...................................... 858 23,183 #* Digital River, Inc................................. 3,500 89,355 * Diodes, Inc........................................ 3,450 91,183 Dolby Laboratories, Inc. Class A................... 5,260 204,088 * Dot Hill Systems Corp.............................. 3,766 15,704 * DSP Group, Inc..................................... 3,109 34,168 DST Systems, Inc................................... 3,693 357,113 * DTS, Inc........................................... 2,882 79,889 # EarthLink Holdings Corp............................ 14,869 62,747 * eBay, Inc.......................................... 125,009 6,625,477 # Ebix, Inc.......................................... 5,000 114,250 * EchoStar Corp. Class A............................. 4,501 234,817 * Edgewater Technology, Inc.......................... 1,000 7,050 Electro Rent Corp.................................. 2,590 33,385 Electro Scientific Industries, Inc................. 2,430 15,236 * Electronic Arts, Inc............................... 33,626 1,844,722 * Electronics for Imaging, Inc....................... 5,000 193,250 #* Ellie Mae, Inc..................................... 1,400 61,936 #* eMagin Corp........................................ 2,210 6,520 EMC Corp........................................... 220,948 5,729,182 * Emcore Corp........................................ 827 4,276 * Emulex Corp........................................ 8,842 55,351 #* EnerNOC, Inc....................................... 2,080 35,818 * Entegris, Inc...................................... 13,900 180,700 #* Entropic Communications, Inc....................... 6,575 17,029 * Envestnet, Inc..................................... 3,212 165,322 * EPAM Systems, Inc.................................. 3,735 182,754 1270 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) # EPIQ Systems, Inc.................................. 4,051 $ 70,690 * ePlus, Inc......................................... 500 33,720 # Equinix, Inc....................................... 5,442 1,180,152 #* Euronet Worldwide, Inc............................. 5,700 258,723 * Exar Corp.......................................... 4,019 36,251 * ExlService Holdings, Inc........................... 2,442 71,746 * Extreme Networks, Inc.............................. 6,199 18,225 * F5 Networks, Inc................................... 7,950 887,379 * Fabrinet........................................... 500 8,165 * Facebook, Inc. Class A............................. 244,144 18,532,971 # FactSet Research Systems, Inc...................... 4,350 624,616 Fair Isaac Corp.................................... 3,625 258,644 * Fairchild Semiconductor International, Inc......... 13,385 205,460 * FARO Technologies, Inc............................. 2,100 116,235 FEI Co............................................. 4,165 342,446 Fidelity National Information Services, Inc........ 29,520 1,842,934 #* Finisar Corp....................................... 9,600 174,144 #* First Solar, Inc................................... 6,579 278,423 * Fiserv, Inc........................................ 28,600 2,074,358 * FleetCor Technologies, Inc......................... 7,668 1,077,354 FLIR Systems, Inc.................................. 16,900 510,380 * FormFactor, Inc.................................... 6,406 48,365 # Forrester Research, Inc............................ 1,137 42,910 * Fortinet, Inc...................................... 15,661 468,186 #* Freescale Semiconductor, Ltd....................... 9,478 304,149 * Frequency Electronics, Inc......................... 798 9,101 * Gartner, Inc....................................... 10,000 842,200 * Genpact, Ltd....................................... 22,351 448,585 * Global Cash Access Holdings, Inc................... 5,930 39,197 Global Payments, Inc............................... 8,396 733,055 * Google, Inc. Class A............................... 30,123 16,192,619 * Google, Inc. Class C............................... 31,123 16,635,866 * GSE Systems, Inc................................... 1,745 2,897 * GSI Group, Inc..................................... 1,769 23,386 * GSI Technology, Inc................................ 2,032 10,282 #* Guidewire Software, Inc............................ 4,146 207,715 Hackett Group, Inc. (The).......................... 5,500 41,690 * Harmonic, Inc...................................... 10,205 78,068 Harris Corp........................................ 12,040 808,245 # Heartland Payment Systems, Inc..................... 4,300 214,011 Hewlett-Packard Co................................. 209,028 7,552,182 #* HomeAway, Inc...................................... 7,000 178,430 #* Hutchinson Technology, Inc......................... 1,900 6,631 IAC/InterActiveCorp................................ 8,300 505,885 * ID Systems, Inc.................................... 1,700 11,203 * Identiv, Inc....................................... 109 1,374 * IEC Electronics Corp............................... 638 2,858 * iGATE Corp......................................... 4,000 141,600 * II-VI, Inc......................................... 4,886 83,990 #* Imation Corp....................................... 2,440 9,174 #* Immersion Corp..................................... 597 5,618 * Infinera Corp...................................... 10,000 161,200 * Informatica Corp................................... 12,500 521,062 1271 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Ingram Micro, Inc. Class A......................... 16,470 $ 414,715 * Innodata, Inc...................................... 2,754 7,876 #* Inphi Corp......................................... 1,500 29,400 * Insight Enterprises, Inc........................... 4,020 95,153 * Integrated Device Technology, Inc.................. 15,881 290,463 Integrated Silicon Solution, Inc................... 3,810 61,265 Intel Corp......................................... 549,375 18,151,350 #* Interactive Intelligence Group, Inc................ 1,900 77,064 # InterDigital, Inc.................................. 4,500 224,910 #* Internap Corp...................................... 7,852 66,114 International Business Machines Corp............... 105,694 16,203,947 * Interphase Corp.................................... 490 1,009 Intersil Corp. Class A............................. 12,140 173,723 #* Intevac, Inc....................................... 2,384 15,496 * IntraLinks Holdings, Inc........................... 721 7,686 * IntriCon Corp...................................... 800 5,920 Intuit, Inc........................................ 29,798 2,587,062 #* IPG Photonics Corp................................. 4,276 319,161 * Iteris, Inc........................................ 600 1,080 #* Itron, Inc......................................... 4,100 152,561 #* Ixia............................................... 4,546 46,096 IXYS Corp.......................................... 2,391 27,018 # j2 Global, Inc..................................... 5,183 297,712 # Jabil Circuit, Inc................................. 19,112 393,898 Jack Henry & Associates, Inc....................... 8,990 551,716 #* JDS Uniphase Corp.................................. 25,300 307,395 Juniper Networks, Inc.............................. 51,449 1,169,436 #* Kemet Corp......................................... 2,594 9,857 * Key Tronic Corp.................................... 749 6,906 * Keysight Technologies, Inc......................... 18,161 606,396 * Kimball Electronics, Inc........................... 1,875 19,088 KLA-Tencor Corp.................................... 17,570 1,080,028 #* Knowles Corp....................................... 9,690 205,525 * Kofax, Ltd......................................... 1,816 12,512 #* Kopin Corp......................................... 8,696 31,740 * Kulicke & Soffa Industries, Inc.................... 6,752 102,428 * KVH Industries, Inc................................ 2,000 24,200 Lam Research Corp.................................. 16,902 1,291,989 * Lattice Semiconductor Corp......................... 8,552 60,976 Leidos Holdings, Inc............................... 7,400 306,360 # Lexmark International, Inc. Class A................ 7,972 318,163 #* Limelight Networks, Inc............................ 5,494 14,614 Linear Technology Corp............................. 24,807 1,114,827 * LinkedIn Corp. Class A............................. 13,138 2,952,634 * Lionbridge Technologies, Inc....................... 5,700 28,386 #* Liquidity Services, Inc............................ 652 5,046 Littelfuse, Inc.................................... 2,279 225,028 #* LoJack Corp........................................ 2,400 5,088 * Magnachip Semiconductor Corp....................... 2,100 30,198 * Manhattan Associates, Inc.......................... 8,776 391,761 ManTech International Corp. Class A................ 2,440 79,373 Marchex, Inc. Class B.............................. 3,183 12,127 Marvell Technology Group, Ltd...................... 49,822 771,743 1272 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) MasterCard, Inc. Class A........................... 108,420 $ 8,893,693 #* Mattersight Corp................................... 500 2,775 * Mattson Technology, Inc............................ 200 658 Maxim Integrated Products, Inc..................... 30,528 1,010,172 MAXIMUS, Inc....................................... 7,600 423,472 * MaxLinear, Inc. Class A............................ 1,002 8,066 #* Maxwell Technologies, Inc.......................... 703 5,596 Mentor Graphics Corp............................... 12,551 288,799 * Mercury Systems, Inc............................... 2,500 39,450 # Mesa Laboratories, Inc............................. 300 22,851 Methode Electronics, Inc........................... 5,669 205,048 Micrel, Inc........................................ 5,800 81,606 # Microchip Technology, Inc.......................... 21,068 950,167 * Micron Technology, Inc............................. 115,231 3,372,235 * Microsemi Corp..................................... 9,716 270,688 Microsoft Corp..................................... 867,308 35,039,243 MKS Instruments, Inc............................... 5,048 176,730 MOCON, Inc......................................... 535 9,282 #* ModusLink Global Solutions, Inc.................... 5,100 18,411 #* MoneyGram International, Inc....................... 1,383 11,783 Monolithic Power Systems, Inc...................... 3,320 157,667 Monotype Imaging Holdings, Inc..................... 4,300 126,162 #* Monster Worldwide, Inc............................. 12,900 53,277 #* MoSys, Inc......................................... 3,108 6,247 Motorola Solutions, Inc............................ 25,841 1,612,737 MTS Systems Corp................................... 1,700 122,876 * Multi-Fineline Electronix, Inc..................... 1,672 21,753 #* Nanometrics, Inc................................... 2,297 35,695 National Instruments Corp.......................... 10,553 317,434 * NCI, Inc. Class A.................................. 1,200 14,784 * NCR Corp........................................... 17,270 438,658 * NeoPhotonics Corp.................................. 780 2,340 NetApp, Inc........................................ 38,360 1,450,008 #* NETGEAR, Inc....................................... 3,951 133,425 #* Netscout Systems, Inc.............................. 3,814 136,923 #* NetSuite, Inc...................................... 3,700 364,191 #* NeuStar, Inc. Class A.............................. 7,800 205,062 * Newport Corp....................................... 5,630 104,268 NIC, Inc........................................... 5,718 93,890 #* Novatel Wireless, Inc.............................. 4,993 26,363 #* Nuance Communications, Inc......................... 25,192 346,264 #* Numerex Corp. Class A.............................. 700 7,336 # NVIDIA Corp........................................ 63,600 1,221,438 #* Oclaro, Inc........................................ 4,000 5,720 * OmniVision Technologies, Inc....................... 5,145 139,121 * ON Semiconductor Corp.............................. 48,843 488,918 Optical Cable Corp................................. 1,300 6,773 Oracle Corp........................................ 400,229 16,765,593 * OSI Systems, Inc................................... 2,078 145,418 #* Palo Alto Networks, Inc............................ 7,298 922,394 #* Pandora Media, Inc................................. 14,445 239,787 * PAR Technology Corp................................ 1,750 10,045 Park Electrochemical Corp.......................... 2,544 55,230 1273 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Paychex, Inc....................................... 35,021 $ 1,585,050 PC Connection, Inc................................. 1,900 45,125 PC-Tel, Inc........................................ 2,700 22,653 * PCM, Inc........................................... 1,468 13,946 * PDF Solutions, Inc................................. 3,109 51,672 Pegasystems, Inc................................... 2,690 52,643 Perceptron, Inc.................................... 528 5,655 * Perficient, Inc.................................... 2,556 46,008 * Pericom Semiconductor Corp......................... 2,935 42,880 #* Photronics, Inc.................................... 5,488 46,099 #* Planar Systems, Inc................................ 930 6,808 Plantronics, Inc................................... 4,499 206,189 * Plexus Corp........................................ 2,240 84,874 * PMC-Sierra, Inc.................................... 21,900 193,596 * Polycom, Inc....................................... 18,000 239,400 Power Integrations, Inc............................ 2,919 150,562 * PRGX Global, Inc................................... 2,100 10,899 #* Procera Networks, Inc.............................. 1,209 10,615 * Progress Software Corp............................. 6,750 169,087 * PTC, Inc........................................... 15,600 521,196 QAD, Inc. Class A.................................. 739 14,292 QAD, Inc. Class B.................................. 184 3,185 * QLogic Corp........................................ 7,416 99,078 * Qorvo, Inc......................................... 15,122 1,117,062 QUALCOMM, Inc...................................... 184,713 11,537,174 * Qualstar Corp...................................... 300 426 #* QuinStreet, Inc.................................... 2,500 12,800 * Qumu Corp.......................................... 1,254 17,807 * Rackspace Hosting, Inc............................. 13,000 584,480 * Radisys Corp....................................... 2,460 5,707 #* Rambus, Inc........................................ 10,013 112,646 * RealD, Inc......................................... 2,400 26,040 * RealNetworks, Inc.................................. 3,050 21,441 #* RealPage, Inc...................................... 5,000 90,050 * Red Hat, Inc....................................... 20,680 1,319,177 Reis, Inc.......................................... 1,130 25,425 Richardson Electronics, Ltd........................ 2,200 20,614 #* Rightside Group, Ltd............................... 553 4,369 * Riverbed Technology, Inc........................... 16,842 346,608 * Rofin-Sinar Technologies, Inc...................... 1,380 37,150 * Rogers Corp........................................ 1,570 115,960 #* Rosetta Stone, Inc................................. 1,296 11,690 * Rovi Corp.......................................... 11,513 266,065 #* Rubicon Technology, Inc............................ 1,987 8,266 #* Rudolph Technologies, Inc.......................... 2,529 25,366 * Salesforce.com, Inc................................ 67,791 3,826,802 SanDisk Corp....................................... 25,120 1,906,859 * Sanmina Corp....................................... 7,765 164,463 #* Sapient Corp....................................... 12,399 308,239 * ScanSource, Inc.................................... 2,184 75,304 Science Applications International Corp............ 4,228 206,242 * Seachange International, Inc....................... 3,000 21,180 # Seagate Technology P.L.C........................... 35,310 1,992,896 1274 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Semtech Corp....................................... 7,320 $ 186,367 * ServiceNow, Inc.................................... 14,294 1,042,033 * ShoreTel, Inc...................................... 4,620 32,710 #* Shutterstock, Inc.................................. 900 50,661 * Sigma Designs, Inc................................. 2,500 15,900 * Silicon Graphics International Corp................ 1,172 11,052 * Silicon Image, Inc................................. 9,089 65,986 * Silicon Laboratories, Inc.......................... 4,220 184,667 Skyworks Solutions, Inc............................ 20,103 1,669,554 * SolarWinds, Inc.................................... 7,737 372,537 Solera Holdings, Inc............................... 7,592 391,747 * Sonus Networks, Inc................................ 4,563 87,066 * Spansion, Inc. Class A............................. 5,765 204,427 * Splunk, Inc........................................ 11,981 618,819 SS&C Technologies Holdings, Inc.................... 7,281 402,858 * Stamps.com, Inc.................................... 1,538 70,087 * StarTek, Inc....................................... 2,385 22,491 #* Stratasys, Ltd..................................... 3,698 293,954 #* SunEdison, Inc..................................... 26,920 504,212 #* SunPower Corp...................................... 4,042 97,493 * Super Micro Computer, Inc.......................... 3,909 142,952 * support.com, Inc................................... 5,150 10,094 * Sykes Enterprises, Inc............................. 3,800 85,576 Symantec Corp...................................... 73,841 1,829,042 #* Synaptics, Inc..................................... 3,400 261,154 #* Synchronoss Technologies, Inc...................... 3,036 128,939 # SYNNEX Corp........................................ 3,205 237,779 * Synopsys, Inc...................................... 15,668 673,567 * Syntel, Inc........................................ 4,000 173,000 * Tableau Software, Inc. Class A..................... 4,414 356,475 #* Take-Two Interactive Software, Inc................. 8,400 249,648 TE Connectivity, Ltd............................... 44,823 2,975,799 #* Tech Data Corp..................................... 3,513 200,592 * TeleCommunication Systems, Inc. Class A............ 4,140 11,716 #* Telenav, Inc....................................... 1,400 9,072 * TeleTech Holdings, Inc............................. 2,400 52,944 #* Teradata Corp...................................... 15,885 707,836 Teradyne, Inc...................................... 23,067 417,513 Tessco Technologies, Inc........................... 1,314 29,762 Tessera Technologies, Inc.......................... 4,753 176,241 Texas Instruments, Inc............................. 116,116 6,206,400 * TiVo, Inc.......................................... 11,267 117,853 Total System Services, Inc......................... 17,783 628,985 Transact Technologies, Inc......................... 600 3,570 #* Travelzoo, Inc..................................... 400 3,432 * Trimble Navigation, Ltd............................ 26,764 638,054 #* TTM Technologies, Inc.............................. 5,400 37,530 #* Twitter, Inc....................................... 40,269 1,511,296 * Tyler Technologies, Inc............................ 3,125 331,500 # Ubiquiti Networks, Inc............................. 1,600 42,072 #* Ultimate Software Group, Inc. (The)................ 2,896 428,637 * Ultra Clean Holdings, Inc.......................... 2,422 21,314 #* Ultratech, Inc..................................... 2,900 46,226 1275 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) * Unisys Corp........................................ 4,732 $ 103,773 * United Online, Inc................................. 1,335 17,622 #* Universal Display Corp............................. 137 4,365 #* Unwired Planet, Inc................................ 5,758 5,683 #* USA Technologies, Inc.............................. 346 682 * Vantiv, Inc. Class A............................... 14,783 508,387 #* Veeco Instruments, Inc............................. 3,900 113,763 #* VeriFone Systems, Inc.............................. 12,403 389,330 * Verint Systems, Inc................................ 6,479 345,849 #* VeriSign, Inc...................................... 14,623 796,661 #* ViaSat, Inc........................................ 4,617 259,568 * Viasystems Group, Inc.............................. 1,015 16,250 # Vicon Industries, Inc.............................. 900 1,395 #* Video Display Corp................................. 1,359 3,411 * Virtusa Corp....................................... 2,457 92,039 Visa, Inc. Class A................................. 54,184 13,812,043 # Vishay Intertechnology, Inc........................ 12,724 173,301 * Vishay Precision Group, Inc........................ 1,973 32,831 * VMware, Inc. Class A............................... 8,742 674,008 Wayside Technology Group, Inc...................... 152 2,695 * Web.com Group, Inc................................. 4,205 63,538 #* WebMD Health Corp.................................. 2,494 96,642 * Westell Technologies, Inc. Class A................. 5,426 6,783 Western Digital Corp............................... 24,098 2,343,049 # Western Union Co. (The)............................ 63,452 1,078,684 #* WEX, Inc........................................... 3,940 362,677 #* Workday, Inc. Class A.............................. 11,002 874,219 * Xcerra Corp........................................ 4,140 31,795 Xerox Corp......................................... 135,087 1,779,096 Xilinx, Inc........................................ 26,530 1,023,395 * XO Group, Inc...................................... 4,000 65,760 * Yahoo!, Inc........................................ 103,839 4,567,878 #* Yelp, Inc.......................................... 6,849 359,367 * Zebra Technologies Corp. Class A................... 5,483 457,611 #* Zillow, Inc. Class A............................... 3,000 290,760 #* Zix Corp........................................... 4,055 14,355 #* Zynga, Inc. Class A................................ 66,600 170,496 ------------ Total Information Technology........................... 456,125,412 ------------ Materials -- (3.5%) A Schulman, Inc.................................... 3,119 108,697 * AEP Industries, Inc................................ 422 21,146 Air Products & Chemicals, Inc...................... 22,453 3,269,381 Airgas, Inc........................................ 7,460 840,294 #* AK Steel Holding Corp.............................. 7,657 29,020 Albemarle Corp..................................... 13,035 629,069 Alcoa, Inc......................................... 122,696 1,920,192 Allegheny Technologies, Inc........................ 11,042 315,028 #* Allied Nevada Gold Corp............................ 9,346 9,626 #* AM Castle & Co..................................... 1,388 8,397 # American Vanguard Corp............................. 2,950 32,981 Ampco-Pittsburgh Corp.............................. 700 12,740 # Aptargroup, Inc.................................... 7,000 441,770 1276 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) Ashland, Inc....................................... 7,907 $ 937,138 Avery Dennison Corp................................ 10,701 559,341 Axiall Corp........................................ 8,057 356,522 Balchem Corp....................................... 3,412 180,734 Ball Corp.......................................... 15,487 980,792 Bemis Co., Inc..................................... 11,191 495,761 * Berry Plastics Group, Inc.......................... 11,958 404,420 * Boise Cascade Co................................... 4,103 165,925 Cabot Corp......................................... 6,836 289,915 * Calgon Carbon Corp................................. 5,900 116,407 # Carpenter Technology Corp.......................... 4,801 182,150 Celanese Corp. Series A............................ 16,930 910,157 * Century Aluminum Co................................ 6,661 153,936 CF Industries Holdings, Inc........................ 6,023 1,839,304 Chase Corp......................................... 1,300 46,540 * Chemtura Corp...................................... 10,398 226,572 * Clearwater Paper Corp.............................. 2,200 162,844 # Cliffs Natural Resources, Inc...................... 8,574 55,045 * Codexis, Inc....................................... 1,220 4,660 #* Coeur Mining, Inc.................................. 9,600 60,480 Commercial Metals Co............................... 11,043 148,197 Compass Minerals International, Inc................ 3,958 345,929 * Core Molding Technologies, Inc..................... 389 5,641 * Crown Holdings, Inc................................ 15,714 696,287 Cytec Industries, Inc.............................. 9,200 441,508 # Deltic Timber Corp................................. 1,082 67,625 Domtar Corp........................................ 7,486 286,714 Dow Chemical Co. (The)............................. 130,635 5,899,477 Eagle Materials, Inc............................... 5,119 364,575 Eastman Chemical Co................................ 16,276 1,153,806 Ecolab, Inc........................................ 29,348 3,045,442 EI du Pont de Nemours & Co......................... 99,088 7,056,057 * Ferro Corp......................................... 7,900 87,927 #* Flotek Industries, Inc............................. 5,082 82,176 FMC Corp........................................... 14,500 833,750 Freeport-McMoRan, Inc.............................. 111,158 1,868,566 Friedman Industries, Inc........................... 599 3,750 FutureFuel Corp.................................... 1,256 13,803 Globe Specialty Metals, Inc........................ 6,858 105,750 * Graphic Packaging Holding Co....................... 32,700 473,496 Greif, Inc. Class A................................ 2,500 95,500 # Hawkins, Inc....................................... 888 34,197 # Haynes International, Inc.......................... 1,800 70,074 # HB Fuller Co....................................... 5,400 222,210 * Headwaters, Inc.................................... 7,000 98,560 # Hecla Mining Co.................................... 28,200 92,778 #* Horsehead Holding Corp............................. 3,876 52,093 # Huntsman Corp...................................... 21,532 472,843 Innophos Holdings, Inc............................. 2,500 148,850 Innospec, Inc...................................... 2,400 94,728 International Flavors & Fragrances, Inc............ 8,630 915,729 International Paper Co............................. 43,500 2,290,710 #* Intrepid Potash, Inc............................... 5,600 74,536 1277 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Materials -- (Continued) # Kaiser Aluminum Corp............................... 1,800 $ 124,758 KapStone Paper and Packaging Corp.................. 8,598 256,822 KMG Chemicals, Inc................................. 1,500 31,380 Koppers Holdings, Inc.............................. 1,980 35,957 * Kraton Performance Polymers, Inc................... 3,187 61,637 # Kronos Worldwide, Inc.............................. 2,426 27,244 #* Louisiana-Pacific Corp............................. 14,700 240,639 #* LSB Industries, Inc................................ 2,000 62,480 LyondellBasell Industries NV Class A............... 49,032 3,877,941 Martin Marietta Materials, Inc..................... 6,130 660,446 Materion Corp...................................... 1,659 54,664 #* McEwen Mining, Inc................................. 13,772 17,215 MeadWestvaco Corp.................................. 18,272 918,716 * Mercer International, Inc.......................... 3,588 45,496 Minerals Technologies, Inc......................... 3,500 228,655 #* Molycorp, Inc...................................... 5,989 1,976 Monsanto Co........................................ 57,357 6,766,979 Mosaic Co. (The)................................... 36,121 1,758,732 # Myers Industries, Inc.............................. 3,889 64,752 Neenah Paper, Inc.................................. 1,500 86,070 # NewMarket Corp..................................... 1,212 545,000 Newmont Mining Corp................................ 50,732 1,275,910 Noranda Aluminum Holding Corp...................... 2,200 6,666 * Northern Technologies International Corp........... 300 6,131 Nucor Corp......................................... 33,233 1,450,620 # Olin Corp.......................................... 8,155 204,446 # Olympic Steel, Inc................................. 1,300 17,823 OM Group, Inc...................................... 3,037 85,036 * OMNOVA Solutions, Inc.............................. 3,300 22,638 * Owens-Illinois, Inc................................ 17,100 399,285 Packaging Corp. of America......................... 10,700 811,595 * Penford Corp....................................... 1,572 29,585 PH Glatfelter Co................................... 4,200 96,054 PolyOne Corp....................................... 10,028 356,897 PPG Industries, Inc................................ 14,650 3,265,192 Praxair, Inc....................................... 31,225 3,765,423 Quaker Chemical Corp............................... 1,414 111,593 Reliance Steel & Aluminum Co....................... 8,000 418,960 #* Rentech, Inc....................................... 22,910 27,492 * Resolute Forest Products, Inc...................... 2,379 40,443 Rock-Tenn Co. Class A.............................. 14,854 964,025 # Royal Gold, Inc.................................... 6,100 442,006 RPM International, Inc............................. 13,941 667,216 #* RTI International Metals, Inc...................... 3,000 66,900 # Schnitzer Steel Industries, Inc. Class A........... 2,300 38,824 Schweitzer-Mauduit International, Inc.............. 3,186 123,808 Scotts Miracle-Gro Co. (The) Class A............... 4,409 279,663 Sealed Air Corp.................................... 19,877 805,019 Sensient Technologies Corp......................... 4,721 287,981 Sherwin-Williams Co. (The)......................... 9,200 2,495,684 Sigma-Aldrich Corp................................. 12,979 1,784,872 Silgan Holdings, Inc............................... 5,600 287,896 Sonoco Products Co................................. 11,072 489,382 1278 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) # Southern Copper Corp............................... 18,041 $ 492,158 Steel Dynamics, Inc................................ 25,900 441,336 Stepan Co.......................................... 1,746 67,046 #* Stillwater Mining Co............................... 11,244 153,705 SunCoke Energy, Inc................................ 6,923 104,537 Synalloy Corp...................................... 737 12,308 TimkenSteel Corp................................... 4,280 115,560 * Trecora Resources.................................. 613 8,429 Tredegar Corp...................................... 2,230 47,700 # Tronox, Ltd. Class A............................... 5,929 125,339 # United States Lime & Minerals, Inc................. 353 24,410 # United States Steel Corp........................... 14,600 356,824 #* Universal Stainless & Alloy Products, Inc.......... 545 12,148 Valspar Corp. (The)................................ 8,300 692,469 Vulcan Materials Co................................ 13,048 920,015 # Walter Energy, Inc................................. 6,000 5,593 # Wausau Paper Corp.................................. 5,215 52,984 Westlake Chemical Corp............................. 5,260 301,451 Worthington Industries, Inc........................ 5,620 168,207 * WR Grace & Co...................................... 7,800 676,104 Zep, Inc........................................... 2,526 40,467 ----------- Total Materials........................................ 85,221,682 ----------- Other -- (0.0%) o* Gerber Scientific, Inc. Escrow Shares.............. 2,901 -- o* Petrocorp, Inc. Escrow Shares...................... 100 -- ----------- Total Other............................................ -- ----------- Real Estate Investment Trusts -- (0.0%) CareTrust REIT, Inc................................ 900 12,132 # Lamar Advertising Co. Class A...................... 7,915 443,398 ----------- Total Real Estate Investment Trusts.................... 455,530 ----------- Telecommunication Services -- (2.0%) #* 8x8, Inc........................................... 3,443 26,546 #* Alaska Communications Systems Group, Inc........... 1,400 2,492 # AT&T, Inc.......................................... 572,266 18,838,997 # Atlantic Tele-Network, Inc......................... 1,149 76,328 #* Boingo Wireless, Inc............................... 1,200 10,140 CenturyLink, Inc................................... 63,542 2,361,856 * Cincinnati Bell, Inc............................... 21,600 63,288 Cogent Communications Holdings, Inc................ 4,200 155,652 # Consolidated Communications Holdings, Inc.......... 5,787 134,721 # Frontier Communications Corp....................... 103,738 696,601 * General Communication, Inc. Class A................ 3,550 52,114 IDT Corp. Class B.................................. 1,800 38,448 Inteliquent, Inc................................... 2,700 45,414 #* Iridium Communications, Inc........................ 4,218 35,895 * Level 3 Communications, Inc........................ 30,087 1,496,527 Lumos Networks Corp................................ 2,000 32,060 NTELOS Holdings Corp............................... 2,000 8,200 * ORBCOMM, Inc....................................... 1,021 5,677 1279 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Telecommunication Services -- (Continued) * Premiere Global Services, Inc...................... 5,500 $ 48,620 * SBA Communications Corp. Class A................... 13,600 1,587,120 Shenandoah Telecommunications Co................... 1,830 54,369 Spok Holdings, Inc................................. 2,839 48,604 #* Sprint Corp........................................ 89,897 386,557 #* Straight Path Communications, Inc. Class B......... 900 17,262 #* T-Mobile US, Inc................................... 17,191 518,824 Telephone & Data Systems, Inc...................... 9,517 221,270 #* United States Cellular Corp........................ 1,000 34,790 Verizon Communications, Inc........................ 456,511 20,867,118 * Vonage Holdings Corp............................... 16,854 70,787 Windstream Holdings, Inc........................... 60,278 479,210 ----------- Total Telecommunication Services....................... 48,415,487 ----------- Utilities -- (3.3%) AES Corp........................................... 75,839 926,753 AGL Resources, Inc................................. 13,934 785,599 ALLETE, Inc........................................ 4,681 265,179 Alliant Energy Corp................................ 11,900 816,459 Ameren Corp........................................ 26,700 1,208,976 American Electric Power Co., Inc................... 52,876 3,321,142 American States Water Co........................... 4,400 174,416 American Water Works Co., Inc...................... 19,600 1,100,344 # Aqua America, Inc.................................. 19,333 522,958 # Artesian Resources Corp. Class A................... 471 10,433 Atmos Energy Corp.................................. 11,754 668,920 # Avista Corp........................................ 8,019 297,745 # Black Hills Corp................................... 5,109 256,267 California Water Service Group..................... 5,100 125,154 * Calpine Corp....................................... 36,997 772,497 CenterPoint Energy, Inc............................ 44,700 1,032,123 # Chesapeake Utilities Corp.......................... 1,500 73,140 Cleco Corp......................................... 6,582 357,798 CMS Energy Corp.................................... 30,892 1,165,555 Connecticut Water Service, Inc..................... 1,422 51,135 # Consolidated Edison, Inc........................... 31,648 2,192,573 Consolidated Water Co., Ltd........................ 777 8,430 Delta Natural Gas Co., Inc......................... 720 15,286 Dominion Resources, Inc............................ 64,390 4,950,947 DTE Energy Co...................................... 19,500 1,748,370 Duke Energy Corp................................... 78,142 6,809,294 * Dynegy, Inc........................................ 9,335 255,032 Edison International............................... 33,313 2,270,281 El Paso Electric Co................................ 4,800 192,288 Empire District Electric Co. (The)................. 4,470 136,201 Entergy Corp....................................... 19,800 1,732,698 # Exelon Corp........................................ 95,917 3,456,849 FirstEnergy Corp................................... 46,227 1,864,335 Gas Natural, Inc................................... 850 8,288 # Genie Energy, Ltd. Class B......................... 1,800 11,286 Great Plains Energy, Inc........................... 17,100 505,647 Hawaiian Electric Industries, Inc.................. 10,300 353,290 # IDACORP, Inc....................................... 5,551 376,968 1280 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ -------------- Utilities -- (Continued) Integrys Energy Group, Inc......................... 8,540 $ 692,594 ITC Holdings Corp.................................. 17,100 727,434 # Laclede Group, Inc. (The).......................... 4,761 255,951 MDU Resources Group, Inc........................... 19,689 445,168 # MGE Energy, Inc.................................... 3,789 173,915 Middlesex Water Co................................. 1,620 35,429 # National Fuel Gas Co............................... 7,872 499,321 New Jersey Resources Corp.......................... 4,454 284,522 NextEra Energy, Inc................................ 48,064 5,250,511 NiSource, Inc...................................... 34,684 1,500,430 # Northeast Utilities................................ 34,410 1,912,508 # Northwest Natural Gas Co........................... 2,797 139,598 # NorthWestern Corp.................................. 3,938 227,459 NRG Energy, Inc.................................... 35,895 885,171 # NRG Yield, Inc. Class A............................ 2,685 141,983 OGE Energy Corp.................................... 21,600 759,888 # ONE Gas, Inc....................................... 5,450 240,835 # Ormat Technologies, Inc............................ 1,700 45,475 # Otter Tail Corp.................................... 3,400 105,128 Pepco Holdings, Inc................................ 24,900 683,505 PG&E Corp.......................................... 50,724 2,983,078 Piedmont Natural Gas Co., Inc...................... 8,196 326,938 Pinnacle West Capital Corp......................... 11,815 829,177 PNM Resources, Inc................................. 8,650 263,825 # Portland General Electric Co....................... 8,207 325,818 PPL Corp........................................... 71,970 2,554,935 Public Service Enterprise Group, Inc............... 55,550 2,370,874 Questar Corp....................................... 19,300 500,835 # RGC Resources, Inc................................. 200 4,298 # SCANA Corp......................................... 14,954 953,617 Sempra Energy...................................... 25,130 2,812,550 SJW Corp........................................... 2,210 74,632 # South Jersey Industries, Inc....................... 3,300 192,225 Southern Co. (The)................................. 98,933 5,017,882 Southwest Gas Corp................................. 5,119 314,614 # TECO Energy, Inc................................... 25,160 536,663 UGI Corp........................................... 18,051 667,706 UIL Holdings Corp.................................. 5,631 259,026 Unitil Corp........................................ 1,200 44,832 # Vectren Corp....................................... 9,040 433,197 # Westar Energy, Inc................................. 14,053 600,344 # WGL Holdings, Inc.................................. 5,799 327,643 # Wisconsin Energy Corp.............................. 24,300 1,355,211 Xcel Energy, Inc................................... 55,538 2,084,341 # York Water Co...................................... 900 21,303 -------------- Total Utilities........................................ 81,683,045 -------------- TOTAL COMMON STOCKS.................................... 2,291,712,802 -------------- RIGHTS/WARRANTS -- (0.0%) o* Community Health Systems, Inc. Rights 01/04/16..... 27,224 735 o* Furiex Pharmaceuticals Contingent Value Rights..... 833 8,138 o* Leap Wireless International, Inc. Contingent Value Rights........................................... 7,025 17,703 1281 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- o#* Magnum Hunter Resources Corp. Warrants 04/15/16.................................... 1,430 $ -- o* Providence Service Corp. (The) Rights 02/05/2015.................................. 66 -- o* Safeway Casa Ley Contingent Value Rights...... 26,773 27,172 o* Safeway PDC, LLC Contingent Value Rights...... 26,773 1,307 o* Sears Holdings Corporation Rights............. 1 -- o* Southern Community Financial Corp. Contingent Value Rights................................ 700 648 TOTAL RIGHTS/WARRANTS............................... 55,703 -------------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional Liquid Reserves, 0.089%...................................... 9,885,289 9,885,289 -------------- SECURITIES LENDING COLLATERAL -- (6.1%) (S)@ DFA Short Term Investment Fund................ 13,001,383 150,426,001 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,283,872,528)^^............................. $2,452,079,795 ============== 1282 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary... $ 305,385,940 -- -- $ 305,385,940 Consumer Staples......... 208,282,194 -- -- 208,282,194 Energy................... 180,227,223 -- -- 180,227,223 Financials............... 320,070,388 -- -- 320,070,388 Health Care.............. 339,360,408 -- -- 339,360,408 Industrials.............. 266,485,493 -- -- 266,485,493 Information Technology... 456,125,412 -- -- 456,125,412 Materials................ 85,221,682 -- -- 85,221,682 Other.................... -- -- -- -- Real Estate Investment Trusts................. 455,530 -- -- 455,530 Telecommunication Services............... 48,415,487 -- -- 48,415,487 Utilities................ 81,683,045 -- -- 81,683,045 Rights/Warrants............. -- $ 55,703 -- 55,703 Temporary Cash Investments.. 9,885,289 -- -- 9,885,289 Securities Lending Collateral................ -- 150,426,001 -- 150,426,001 -------------- ------------ -- -------------- TOTAL....................... $2,301,598,091 $150,481,704 -- $2,452,079,795 ============== ============ == ============== 1283 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2014 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (87.5%) Consumer Discretionary -- (14.6%) * 1-800-Flowers.com, Inc. Class A.................... 137,199 $ 1,082,500 Aaron's, Inc....................................... 59,297 1,877,343 # Abercrombie & Fitch Co. Class A.................... 21,420 546,638 AH Belo Corp. Class A.............................. 100,654 907,899 * Ambassadors Group, Inc............................. 1,110 2,797 AMCON Distributing Co.............................. 388 31,525 * America's Car-Mart, Inc............................ 44,364 2,356,172 * Apollo Education Group, Inc. Class A............... 16,546 417,952 Arctic Cat, Inc.................................... 21,276 715,299 Ark Restaurants Corp............................... 11,046 272,063 * Asbury Automotive Group, Inc....................... 761 56,474 #* Ascent Capital Group, Inc. Class A................. 37,093 1,569,405 * Ballantyne Strong, Inc............................. 85,890 351,290 #* Barnes & Noble, Inc................................ 197,235 4,633,050 Bassett Furniture Industries, Inc.................. 44,555 990,012 Beasley Broadcast Group, Inc. Class A.............. 42,442 221,547 * Beazer Homes USA, Inc.............................. 21,064 332,811 # bebe stores, Inc................................... 154,556 553,310 * Belmond, Ltd. Class A.............................. 447,582 4,918,926 Big 5 Sporting Goods Corp.......................... 15,726 187,297 * Biglari Holdings, Inc.............................. 8,643 3,577,943 * BJ's Restaurants, Inc.............................. 50,432 2,233,633 # Bob Evans Farms, Inc............................... 102,827 5,796,358 # Bon-Ton Stores, Inc. (The)......................... 9,857 54,016 #* Books-A-Million, Inc............................... 84,282 212,391 # Bowl America, Inc. Class A......................... 11,489 166,591 #* Boyd Gaming Corp................................... 179,677 2,346,582 * Bravo Brio Restaurant Group, Inc................... 4,049 53,244 * Bridgepoint Education, Inc......................... 10,334 101,997 * Bright Horizons Family Solutions, Inc.............. 9,909 481,082 Brown Shoe Co., Inc................................ 191,145 5,426,607 * Build-A-Bear Workshop, Inc......................... 93,796 1,934,074 #* Cabela's, Inc...................................... 208,284 11,445,206 # Callaway Golf Co................................... 356,756 2,911,129 * Cambium Learning Group, Inc........................ 56,997 143,062 * Canterbury Park Holding Corp....................... 7,625 76,631 * Career Education Corp.............................. 36,746 205,043 # Carriage Services, Inc............................. 169,187 3,688,277 * Carrols Restaurant Group, Inc...................... 65,275 519,589 * Cavco Industries, Inc.............................. 22,377 1,644,933 #* Central European Media Enterprises, Ltd. Class A... 3,927 10,210 #* Charles & Colvard, Ltd............................. 38,289 68,920 Chico's FAS, Inc................................... 178,341 2,974,728 # Children's Place, Inc. (The)....................... 8,651 518,627 * Christopher & Banks Corp........................... 129,208 673,174 Churchill Downs, Inc............................... 56,570 5,373,584 * Citi Trends, Inc................................... 8,318 190,399 Clear Channel Outdoor Holdings, Inc. Class A....... 59,302 536,683 #* Coast Distribution System, Inc. (The).............. 18,627 64,449 Columbia Sportswear Co............................. 9,424 400,520 #* Conn's, Inc........................................ 159,725 2,514,072 1284 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Cooper Tire & Rubber Co............................ 52,301 $ 1,819,552 Core-Mark Holding Co., Inc......................... 118,920 7,929,586 #* Crocs, Inc......................................... 46,822 496,313 CSS Industries, Inc................................ 43,800 1,191,360 Culp, Inc.......................................... 36,886 741,040 #* Cumulus Media, Inc. Class A........................ 113,565 395,206 # Darden Restaurants, Inc............................ 102,117 6,267,941 #* Delta Apparel, Inc................................. 17,375 160,719 #* Destination XL Group, Inc.......................... 81,614 414,599 DeVry Education Group, Inc......................... 89,597 3,799,809 Dillard's, Inc. Class A............................ 254,247 28,882,459 DineEquity, Inc.................................... 59,800 6,383,650 #* Dixie Group, Inc. (The)............................ 107,293 866,927 #* Dorman Products, Inc............................... 125,322 5,730,975 * Dover Downs Gaming & Entertainment, Inc............ 16,136 14,484 Dover Motorsports, Inc............................. 109,057 287,910 DR Horton, Inc..................................... 152,435 3,737,706 #* DreamWorks Animation SKG, Inc. Class A............. 162,850 3,040,410 * Drew Industries, Inc............................... 245 12,319 Educational Development Corp....................... 2,276 9,400 * Eldorado Resorts, Inc.............................. 73,450 291,229 # Emerson Radio Corp................................. 224,588 233,572 #* Entercom Communications Corp. Class A.............. 27,299 315,849 # Escalade, Inc...................................... 24,227 369,219 * EVINE Live, Inc.................................... 43,800 274,626 #* EW Scripps Co. (The) Class A....................... 235,669 4,649,749 * Famous Dave's Of America, Inc...................... 479 14,499 #* Federal-Mogul Holdings Corp........................ 143,350 1,939,526 Finish Line, Inc. (The) Class A.................... 66,059 1,558,992 Flanigan's Enterprises, Inc........................ 5,016 191,862 Flexsteel Industries, Inc.......................... 26,545 791,041 Foot Locker, Inc................................... 242,147 12,887,063 # Fred's, Inc. Class A............................... 189,475 3,145,285 Frisch's Restaurants, Inc.......................... 23,920 662,584 #* FTD Cos., Inc...................................... 98,445 3,371,741 #* Fuel Systems Solutions, Inc........................ 28,017 300,903 * Full House Resorts, Inc............................ 19,199 26,303 #* G-III Apparel Group, Ltd........................... 65,443 6,361,060 * Gaiam, Inc. Class A................................ 47,824 350,072 # GameStop Corp. Class A............................. 431,501 15,210,410 * Gaming Partners International Corp................. 100 829 Gannett Co., Inc................................... 412,001 12,776,151 #* Geeknet, Inc....................................... 710 5,566 * Genesco, Inc....................................... 87,141 6,226,224 Graham Holdings Co. Class B........................ 12,803 11,974,902 * Gray Television, Inc............................... 226,443 2,142,151 * Gray Television, Inc. Class A...................... 2,809 21,068 Group 1 Automotive, Inc............................ 126,434 10,164,029 Guess?, Inc........................................ 1,234 23,175 Harte-Hanks, Inc................................... 142,987 1,039,515 Haverty Furniture Cos., Inc........................ 110,114 2,690,085 Haverty Furniture Cos., Inc. Class A............... 700 17,381 * Helen of Troy, Ltd................................. 137,895 10,372,462 1285 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) #* hhgregg, Inc....................................... 59,528 $ 326,809 Hooker Furniture Corp.............................. 53,234 960,341 #* Iconix Brand Group, Inc............................ 330,870 10,998,119 International Speedway Corp. Class A............... 125,710 3,656,904 * Isle of Capri Casinos, Inc......................... 95,360 976,486 #* JAKKS Pacific, Inc................................. 141,049 849,115 * Jarden Corp........................................ 47,925 2,301,359 Johnson Outdoors, Inc. Class A..................... 101,246 3,037,380 * Journal Communications, Inc. Class A............... 247,681 2,489,194 * K12, Inc........................................... 5,499 78,196 #* Kirkland's, Inc.................................... 53,915 1,254,602 * Kona Grill, Inc.................................... 1,474 34,639 Koss Corp.......................................... 710 1,406 La-Z-Boy, Inc...................................... 233,867 6,241,910 #* Lakeland Industries, Inc........................... 34,327 291,780 #* Lands' End, Inc.................................... 368 12,766 * LeapFrog Enterprises, Inc.......................... 26,371 62,763 Lear Corp.......................................... 124,888 12,532,511 # Lennar Corp. Class A............................... 79,029 3,549,192 Lennar Corp. Class B............................... 66,137 2,388,207 * Liberty Ventures Series A.......................... 29,830 1,114,151 #* Life Time Fitness, Inc............................. 43,007 2,351,193 # Lifetime Brands, Inc............................... 63,921 1,008,673 Lincoln Educational Services Corp.................. 2,664 6,926 Lithia Motors, Inc. Class A........................ 73,939 6,262,633 * Live Nation Entertainment, Inc..................... 433,828 10,312,092 * Loral Space & Communications, Inc.................. 32,405 2,330,244 * Luby's, Inc........................................ 151,536 739,496 #* M/I Homes, Inc..................................... 95,252 1,966,001 * Madison Square Garden Co. (The) Class A............ 60,153 4,556,590 Marcus Corp. (The)................................. 108,304 2,042,613 #* MarineMax, Inc..................................... 127,066 3,241,454 Marriott Vacations Worldwide Corp.................. 62,997 4,819,270 #* Martha Stewart Living Omnimedia, Inc. Class A...... 8,504 39,459 * McClatchy Co. (The) Class A........................ 269,431 676,272 # MDC Holdings, Inc.................................. 98,910 2,472,750 #* Media General, Inc................................. 96,566 1,380,894 # Men's Wearhouse, Inc. (The)........................ 238,818 11,097,872 # Meredith Corp...................................... 36,369 1,893,370 * Meritage Homes Corp................................ 74,240 2,703,078 * Modine Manufacturing Co............................ 147,459 1,797,525 * Mohawk Industries, Inc............................. 24,238 4,000,240 * Monarch Casino & Resort, Inc....................... 7,104 122,899 * Motorcar Parts of America, Inc..................... 56,988 1,488,527 Movado Group, Inc.................................. 105,959 2,546,195 * Murphy USA, Inc.................................... 25,684 1,793,000 NACCO Industries, Inc. Class A..................... 25,083 1,380,819 #* Nathan's Famous, Inc............................... 8,610 692,588 * Nautilus, Inc...................................... 32,258 459,354 * New York & Co., Inc................................ 121,740 280,002 # New York Times Co. (The) Class A................... 11,183 140,794 * Norwegian Cruise Line Holdings, Ltd................ 44,108 1,930,166 * Office Depot, Inc.................................. 1,398,222 10,626,487 1286 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * P&F Industries, Inc. Class A....................... 2,025 $ 15,390 #* Pacific Sunwear of California, Inc................. 227,171 624,720 #* Penn National Gaming, Inc.......................... 44,413 664,863 Penske Automotive Group, Inc....................... 236,131 11,416,934 * Pep Boys-Manny, Moe & Jack (The)................... 195,999 1,652,272 * Perfumania Holdings, Inc........................... 27,270 153,939 * Perry Ellis International, Inc..................... 81,166 1,940,679 #* Pinnacle Entertainment, Inc........................ 190,559 4,030,323 PulteGroup, Inc.................................... 528,553 10,882,906 PVH Corp........................................... 16,256 1,792,387 #* Quiksilver, Inc.................................... 136,359 254,991 * Radio One, Inc. Class D............................ 50,923 95,735 * RCI Hospitality Holdings, Inc...................... 49,664 484,224 * Reading International, Inc. Class B................ 6,238 87,332 * Red Lion Hotels Corp............................... 93,026 597,227 #* Red Robin Gourmet Burgers, Inc..................... 79,845 6,187,987 * Regis Corp......................................... 240,190 3,782,993 Remy International, Inc............................ 5,448 115,879 # Rent-A-Center, Inc................................. 244,102 8,367,817 Rocky Brands, Inc.................................. 37,738 517,388 Royal Caribbean Cruises, Ltd....................... 59,707 4,510,864 * Ruby Tuesday, Inc.................................. 301,210 1,813,284 # Ryland Group, Inc. (The)........................... 62,514 2,509,937 Saga Communications, Inc. Class A.................. 34,254 1,393,110 Salem Communications Corp. Class A................. 55,646 387,853 # Scholastic Corp.................................... 140,916 5,182,890 Service Corp. International........................ 458,689 10,380,132 #* Shiloh Industries, Inc............................. 200,500 2,452,115 Shoe Carnival, Inc................................. 115,172 2,674,294 #* Shutterfly, Inc.................................... 4,053 177,805 Signet Jewelers, Ltd............................... 15,369 1,861,340 * Sizmek, Inc........................................ 39,090 232,976 #* Skechers U.S.A., Inc. Class A...................... 187,114 11,292,330 * Skullcandy, Inc.................................... 11,475 114,980 * Skyline Corp....................................... 29,726 111,473 Sonic Automotive, Inc. Class A..................... 12,692 312,604 * Spanish Broadcasting System, Inc. Class A.......... 4,503 11,933 Spartan Motors, Inc................................ 161,700 842,457 # Speedway Motorsports, Inc.......................... 201,627 4,494,266 Stage Stores, Inc.................................. 159,243 3,184,860 # Standard Motor Products, Inc....................... 123,563 4,505,107 #* Standard Pacific Corp.............................. 116,818 820,062 * Stanley Furniture Co., Inc......................... 57,224 169,383 Stein Mart, Inc.................................... 124,540 1,713,670 * Steiner Leisure, Ltd............................... 857 37,382 #* Stoneridge, Inc.................................... 67,571 852,746 # Strattec Security Corp............................. 16,028 1,009,764 Superior Industries International, Inc............. 138,538 2,528,319 Superior Uniform Group, Inc........................ 39,336 1,492,801 Sypris Solutions, Inc.............................. 27,793 66,564 #* Systemax, Inc...................................... 245,635 3,210,449 Tandy Leather Factory, Inc......................... 45,822 391,320 Time, Inc.......................................... 31,354 785,104 1287 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Discretionary -- (Continued) * Toll Brothers, Inc................................. 295,256 $ 10,221,763 Trans World Entertainment Corp..................... 62,666 217,451 #* Tuesday Morning Corp............................... 189,888 3,361,018 #* Unifi, Inc......................................... 94,608 3,049,216 * Universal Electronics, Inc......................... 24,952 1,590,440 Universal Technical Institute, Inc................. 1,031 8,423 Vail Resorts, Inc.................................. 39,741 3,487,670 * Visteon Corp....................................... 6,414 621,837 #* Vitamin Shoppe, Inc................................ 22,922 968,913 #* VOXX International Corp............................ 116,682 933,456 Wendy's Co. (The).................................. 1,383,503 14,582,122 #* West Marine, Inc................................... 120,425 1,445,100 # Weyco Group, Inc................................... 11,436 309,001 * William Lyon Homes Class A......................... 3,637 69,394 # Wolverine World Wide, Inc.......................... 41,991 1,182,047 Wyndham Worldwide Corp............................. 21,808 1,827,292 * Zagg, Inc.......................................... 400 2,412 ------------ Total Consumer Discretionary........................... 570,334,573 ------------ Consumer Staples -- (2.8%) # Alico, Inc......................................... 8,414 400,002 * Alliance One International, Inc.................... 386,350 405,667 Andersons, Inc. (The).............................. 126,005 5,667,705 #* Boulder Brands, Inc................................ 264,860 2,656,546 * Bridgford Foods Corp............................... 2,376 19,115 # Cal-Maine Foods, Inc............................... 6,788 237,919 # Casey's General Stores, Inc........................ 17,471 1,595,102 * CCA Industries, Inc................................ 9,592 33,572 * Central Garden and Pet Co.......................... 68,266 576,848 #* Central Garden and Pet Co. Class A................. 176,558 1,606,678 # Coca-Cola Bottling Co. Consolidated................ 5,966 581,924 * Constellation Brands, Inc. Class B................. 1,126 127,784 #* Craft Brew Alliance, Inc........................... 91,153 1,084,721 * Darling Ingredients, Inc........................... 74,519 1,265,333 # Dean Foods Co...................................... 26,610 482,173 Energizer Holdings, Inc............................ 12,003 1,536,504 #* Farmer Bros. Co.................................... 56,523 1,690,603 Fresh Del Monte Produce, Inc....................... 253,809 8,535,597 Golden Enterprises, Inc............................ 27,634 99,206 #* Hain Celestial Group, Inc. (The)................... 191,368 10,098,489 Ingles Markets, Inc. Class A....................... 64,005 2,729,813 # Ingredion, Inc..................................... 101,450 8,180,928 Inter Parfums, Inc................................. 10,013 251,827 J&J Snack Foods Corp............................... 800 78,496 John B. Sanfilippo & Son, Inc...................... 48,275 1,760,589 * Landec Corp........................................ 114,200 1,458,334 Limoneira Co....................................... 500 10,400 * Mannatech, Inc..................................... 8,479 158,557 MGP Ingredients, Inc............................... 75,349 1,195,035 * Natural Alternatives International, Inc............ 9,338 49,678 * Nutraceutical International Corp................... 63,201 1,234,948 Oil-Dri Corp. of America........................... 28,763 880,723 * Omega Protein Corp................................. 123,884 1,305,737 1288 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) Orchids Paper Products Co.......................... 16,397 $ 447,146 * Pantry, Inc. (The)................................. 114,386 4,220,843 Pilgrim's Pride Corp............................... 9,043 245,517 Pinnacle Foods, Inc................................ 17,772 639,259 #* Post Holdings, Inc................................. 129,830 6,134,467 * Primo Water Corp................................... 5,744 24,297 # Sanderson Farms, Inc............................... 30,733 2,457,411 * Seaboard Corp...................................... 2,639 10,094,149 * Seneca Foods Corp. Class A......................... 30,926 800,365 * Seneca Foods Corp. Class B......................... 1,786 62,965 # Snyder's-Lance, Inc................................ 26,563 772,718 SpartanNash Co..................................... 230,863 5,947,031 Spectrum Brands Holdings, Inc...................... 81,722 7,328,829 #* TreeHouse Foods, Inc............................... 45,157 4,095,740 # Universal Corp..................................... 108,949 4,375,392 Village Super Market, Inc. Class A................. 16,501 478,034 # Weis Markets, Inc.................................. 47,949 2,197,503 ------------ Total Consumer Staples................................. 108,318,219 ------------ Energy -- (5.3%) Adams Resources & Energy, Inc...................... 23,737 1,377,695 # Alon USA Energy, Inc............................... 153,094 1,849,375 #* Alpha Natural Resources, Inc....................... 285,868 297,303 #* Approach Resources, Inc............................ 75,306 472,169 # Arch Coal, Inc..................................... 35,400 32,826 Atwood Oceanics, Inc............................... 6,145 175,624 * Barnwell Industries, Inc........................... 24,887 71,550 * Basic Energy Services, Inc......................... 159,165 935,890 #* Bill Barrett Corp.................................. 162,823 1,660,795 #* Bonanza Creek Energy, Inc.......................... 14,910 388,853 # Bristow Group, Inc................................. 174,943 9,746,075 #* C&J Energy Services, Inc........................... 52,236 538,031 * Callon Petroleum Co................................ 87,827 478,657 #* Carrizo Oil & Gas, Inc............................. 19,714 889,101 #* Clayton Williams Energy, Inc....................... 4,143 231,594 #* Cloud Peak Energy, Inc............................. 86,854 589,739 # Comstock Resources, Inc............................ 135,349 546,810 * Contango Oil & Gas Co.............................. 20,887 628,072 # CVR Energy, Inc.................................... 3,400 130,288 Dawson Geophysical Co.............................. 39,782 429,248 Delek US Holdings, Inc............................. 148,688 4,587,025 # Denbury Resources, Inc............................. 306,318 2,113,594 DHT Holdings, Inc.................................. 9,144 67,208 # Diamond Offshore Drilling, Inc..................... 21,985 693,187 #* Emerald Oil, Inc................................... 95,868 78,899 # Energy XXI, Ltd.................................... 108,809 319,898 # EnLink Midstream LLC............................... 137,887 4,362,745 * Era Group, Inc..................................... 71,064 1,600,361 * Escalera Resources Co.............................. 42,677 18,816 Exterran Holdings, Inc............................. 320,367 8,685,149 #* Forbes Energy Services, Ltd........................ 2,238 2,157 * Forum Energy Technologies, Inc..................... 28,877 446,150 # GasLog, Ltd........................................ 559 9,777 1289 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) * Gastar Exploration, Inc............................ 17,889 $ 41,860 # Green Plains, Inc.................................. 135,748 3,177,861 # Gulf Island Fabrication, Inc....................... 66,673 1,104,772 # Gulfmark Offshore, Inc. Class A.................... 113,734 2,243,972 #* Halcon Resources Corp.............................. 46,079 64,511 * Harvest Natural Resources, Inc..................... 183,992 115,418 * Helix Energy Solutions Group, Inc.................. 562,740 10,562,630 #* Hercules Offshore, Inc............................. 131,806 94,900 * HKN, Inc........................................... 1,381 73,877 HollyFrontier Corp................................. 191,307 6,871,747 #* Hornbeck Offshore Services, Inc.................... 164,640 3,655,008 * Key Energy Services, Inc........................... 211,774 355,780 # LinnCo LLC......................................... 79,112 817,227 #* Matador Resources Co............................... 32,417 698,911 * Matrix Service Co.................................. 54,894 1,053,965 #* McDermott International, Inc....................... 19,911 44,800 * Mexco Energy Corp.................................. 7,515 34,832 #* Miller Energy Resources, Inc....................... 14,965 17,509 * Mitcham Industries, Inc............................ 60,906 341,683 Nabors Industries, Ltd............................. 558,854 6,432,410 * Natural Gas Services Group, Inc.................... 67,821 1,369,306 * Newfield Exploration Co............................ 196,864 5,862,610 #* Newpark Resources, Inc............................. 389,467 3,364,995 # Noble Corp. P.L.C.................................. 8,890 144,196 #* Northern Oil and Gas, Inc.......................... 49,133 308,555 #* Nuverra Environmental Solutions, Inc............... 16,742 37,335 #* Oasis Petroleum, Inc............................... 11,680 156,979 * Oil States International, Inc...................... 34,535 1,418,352 #* Overseas Shipholding Group, Inc.................... 5,455 27,820 Panhandle Oil and Gas, Inc. Class A................ 700 14,658 #* Parker Drilling Co................................. 577,643 1,565,413 Patterson-UTI Energy, Inc.......................... 473,266 8,121,245 PBF Energy, Inc. Class A........................... 33,101 930,138 * PDC Energy, Inc.................................... 111,531 5,123,734 # Peabody Energy Corp................................ 77,584 483,348 #* Penn Virginia Corp................................. 184,897 902,297 * PHI, Inc. Non-Voting............................... 94,842 3,244,545 * PHI, Inc. Voting................................... 787 26,978 * Pioneer Energy Services Corp....................... 289,674 1,199,250 QEP Resources, Inc................................. 201,200 4,068,264 #* Renewable Energy Group, Inc........................ 56,603 494,710 #* REX American Resources Corp........................ 43,724 2,427,119 #* Rex Energy Corp.................................... 216,988 768,138 #* Rosetta Resources, Inc............................. 10,245 174,882 Rowan Cos. P.L.C. Class A.......................... 328,885 6,946,051 #* SandRidge Energy, Inc.............................. 225,671 318,196 # Scorpio Tankers, Inc............................... 97,905 770,512 #* SEACOR Holdings, Inc............................... 76,006 5,468,632 SemGroup Corp. Class A............................. 23,770 1,600,434 # Ship Finance International, Ltd.................... 53,723 746,212 SM Energy Co....................................... 55,896 2,113,987 #* Stone Energy Corp.................................. 99,957 1,407,395 Superior Energy Services, Inc...................... 322,601 6,452,020 1290 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) #* Swift Energy Co.................................... 167,159 $ 356,049 * Synergy Resources Corp............................. 982 12,010 * Synthesis Energy Systems, Inc...................... 39,547 27,960 # Teekay Corp........................................ 80,427 3,404,475 # Tesco Corp......................................... 42,053 430,623 Tesoro Corp........................................ 238,953 19,529,629 * TETRA Technologies, Inc............................ 163,386 807,127 #* TGC Industries, Inc................................ 13,136 26,272 # Tidewater, Inc..................................... 146,594 4,289,340 #* Triangle Petroleum Corp............................ 174,397 915,584 * Unit Corp.......................................... 117,085 3,486,791 #* Vaalco Energy, Inc................................. 124,037 687,165 # W&T Offshore, Inc.................................. 16,805 85,033 #* Warren Resources, Inc.............................. 139,807 146,797 # Western Refining, Inc.............................. 378,467 14,052,480 * Whiting Petroleum Corp............................. 178,848 5,369,017 * Willbros Group, Inc................................ 148,429 828,234 World Fuel Services Corp........................... 5,085 249,012 * WPX Energy, Inc.................................... 226,315 2,412,518 ------------ Total Energy........................................... 207,432,756 ------------ Financials -- (23.2%) * 1st Constitution Bancorp........................... 785 8,635 1st Source Corp.................................... 206,895 6,150,988 Access National Corp............................... 12,288 219,464 # Alexander & Baldwin, Inc........................... 199,071 7,616,456 * Alleghany Corp..................................... 14,843 6,561,942 Alliance Bancorp, Inc. of Pennsylvania............. 2,169 37,871 Allied World Assurance Co. Holdings AG............. 466,524 18,040,483 #* Ambac Financial Group, Inc......................... 31,094 760,248 Ameriana Bancorp................................... 645 11,239 American Equity Investment Life Holding Co......... 349,240 8,909,112 American Financial Group, Inc...................... 370,385 21,497,145 * American Independence Corp......................... 4,603 51,047 # American National Bankshares, Inc.................. 15,485 333,237 American National Insurance Co..................... 41,466 4,314,123 * American River Bankshares.......................... 8,728 86,233 Ameris Bancorp..................................... 68,629 1,656,018 AMERISAFE, Inc..................................... 88,937 3,619,736 AmeriServ Financial, Inc........................... 182,092 544,455 * Arch Capital Group, Ltd............................ 29,703 1,721,883 Argo Group International Holdings, Ltd............. 156,217 8,356,047 # Arrow Financial Corp............................... 1,154 29,508 Aspen Insurance Holdings, Ltd...................... 254,728 11,034,817 # Associated Banc-Corp............................... 350,769 5,896,427 Assurant, Inc...................................... 331,133 21,030,257 Assured Guaranty, Ltd.............................. 443,343 10,826,436 * Asta Funding, Inc.................................. 54,947 466,500 Astoria Financial Corp............................. 281,127 3,438,183 Atlantic American Corp............................. 9,523 37,997 * Atlanticus Holdings Corp........................... 57,981 148,431 Auburn National Bancorporation, Inc................ 513 12,056 #* AV Homes, Inc...................................... 53,958 808,830 1291 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Axis Capital Holdings, Ltd......................... 302,382 $15,391,244 Baldwin & Lyons, Inc. Class A...................... 276 6,527 Baldwin & Lyons, Inc. Class B...................... 58,678 1,355,462 Banc of California, Inc............................ 14,448 148,092 Bancfirst Corp..................................... 5,568 321,051 Bancorp of New Jersey, Inc......................... 541 5,843 #* Bancorp, Inc. (The)................................ 67,770 577,400 BancorpSouth, Inc.................................. 176,281 3,499,178 Bank Mutual Corp................................... 212,319 1,352,472 Bank of Commerce Holdings.......................... 2,036 11,605 Bank of Kentucky Financial Corp (The).............. 8,390 372,852 # BankFinancial Corp................................. 120,428 1,362,041 Banner Corp........................................ 36,330 1,467,005 Bar Harbor Bankshares.............................. 20,276 622,473 BBCN Bancorp, Inc.................................. 183,485 2,376,131 * BBX Capital Corp. Class A.......................... 1,200 16,968 BCB Bancorp, Inc................................... 9,368 108,763 #* Bear State Financial, Inc.......................... 10,528 113,913 #* Beneficial Bancorp, Inc............................ 9,224 99,527 Berkshire Bancorp, Inc............................. 2,534 21,792 Berkshire Hills Bancorp, Inc....................... 119,858 2,984,464 #* BofI Holding, Inc.................................. 56,878 4,798,228 # BOK Financial Corp................................. 14,217 769,282 Boston Private Financial Holdings, Inc............. 246,430 2,710,730 Bridge Bancorp, Inc................................ 1,743 43,017 * Bridge Capital Holdings............................ 12,594 275,179 Brookline Bancorp, Inc............................. 204,294 1,961,222 Bryn Mawr Bank Corp................................ 12,675 369,476 C&F Financial Corp................................. 2,839 100,188 Calamos Asset Management, Inc. Class A............. 27,968 350,998 California First National Bancorp.................. 17,918 247,268 # Camden National Corp............................... 24,991 928,666 # Cape Bancorp, Inc.................................. 1,782 15,379 * Capital Bank Financial Corp. Class A............... 2,093 51,111 # Capital City Bank Group, Inc....................... 37,417 561,255 # Capitol Federal Financial, Inc..................... 146,696 1,827,832 Cardinal Financial Corp............................ 123,698 2,203,061 * Cascade Bancorp.................................... 139,244 643,307 # Cash America International, Inc.................... 18,297 380,578 Cathay General Bancorp............................. 299,120 7,145,977 Centerstate Banks, Inc............................. 20,216 222,578 # Central Pacific Financial Corp..................... 5,600 117,488 Century Bancorp, Inc. Class A...................... 3,160 122,545 Chemical Financial Corp............................ 81,772 2,319,054 Chicopee Bancorp, Inc.............................. 8,359 137,589 # Cincinnati Financial Corp.......................... 93,979 4,746,879 Citizens Community Bancorp, Inc.................... 29,400 267,981 Citizens Holding Co................................ 1,122 20,892 #* Citizens, Inc...................................... 167,031 1,205,964 # City Holding Co.................................... 9,868 417,712 # Clifton Bancorp, Inc............................... 531 7,041 CNB Financial Corp................................. 1,243 21,131 CNO Financial Group, Inc........................... 1,264,042 19,617,932 1292 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # CoBiz Financial, Inc............................... 131,357 $ 1,431,791 Codorus Valley Bancorp, Inc........................ 5,307 106,512 * Colonial Financial Services, Inc................... 14,655 194,252 #* Colony Bankcorp, Inc............................... 4,653 34,711 Columbia Banking System, Inc....................... 72,878 1,853,288 Commercial National Financial Corp................. 959 21,242 # Community Bank System, Inc......................... 98,933 3,327,117 # Community Trust Bancorp, Inc....................... 31,069 981,159 Community West Bancshares.......................... 16,252 109,701 ConnectOne Bancorp, Inc............................ 42,304 778,394 # Consolidated-Tomoka Land Co........................ 3,222 175,760 * Consumer Portfolio Services, Inc................... 67,542 378,235 * Cowen Group, Inc. Class A.......................... 236,383 983,353 #* Customers Bancorp, Inc............................. 4,704 92,434 # CVB Financial Corp................................. 19,362 282,879 Dime Community Bancshares, Inc..................... 35,690 526,784 Donegal Group, Inc. Class A........................ 72,219 1,154,782 # Donegal Group, Inc. Class B........................ 6,424 149,840 #* Doral Financial Corp............................... 1,604 4,620 * E*TRADE Financial Corp............................. 675,869 15,578,780 East West Bancorp, Inc............................. 850 30,753 * Eastern Virginia Bankshares, Inc................... 9,379 58,619 EMC Insurance Group, Inc........................... 141,757 4,573,081 Employers Holdings, Inc............................ 51,444 1,070,035 #* Encore Capital Group, Inc.......................... 86,358 3,214,245 Endurance Specialty Holdings, Ltd.................. 206,632 12,629,348 * Enova International, Inc........................... 4,567 87,915 * Enstar Group, Ltd.................................. 3,501 472,530 # Enterprise Bancorp, Inc............................ 7,556 154,520 Enterprise Financial Services Corp................. 36,742 702,140 # ESB Financial Corp................................. 40,492 676,621 ESSA Bancorp, Inc.................................. 22,499 273,363 Evans Bancorp, Inc................................. 8,434 199,464 # EverBank Financial Corp............................ 134,288 2,343,326 Everest Re Group, Ltd.............................. 104,016 17,826,262 #* Ezcorp, Inc. Class A............................... 17,049 175,775 * Farmers Capital Bank Corp.......................... 3,854 86,098 FBL Financial Group, Inc. Class A.................. 127,606 6,659,757 Federal Agricultural Mortgage Corp. Class A........ 2,471 56,215 Federal Agricultural Mortgage Corp. Class C........ 43,772 1,205,919 Federated National Holding Co...................... 55,257 1,608,531 Fidelity Southern Corp............................. 32,308 493,989 Financial Institutions, Inc........................ 25,514 562,073 * First Acceptance Corp.............................. 101,596 236,719 # First American Financial Corp...................... 291,331 9,911,081 First Bancorp, Inc................................. 18,788 311,505 * First BanCorp.(318672706).......................... 37,111 203,739 First Bancorp.(318910106).......................... 68,195 1,132,037 * First Bancshares, Inc.............................. 2,300 16,192 First Bancshares, Inc. (The)....................... 271 3,780 First Busey Corp................................... 109,900 676,984 # First Business Financial Services, Inc............. 2,294 100,408 First Citizens BancShares, Inc. Class A............ 20,291 4,952,019 1293 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) First Commonwealth Financial Corp.................. 338,578 $2,671,380 First Community Bancshares, Inc.................... 38,339 601,539 First Connecticut Bancorp Inc/Farmington........... 2,083 30,724 First Defiance Financial Corp...................... 36,856 1,122,634 First Federal of Northern Michigan Bancorp, Inc.... 5,000 29,150 First Financial Bancorp............................ 66,211 1,093,806 First Financial Corp............................... 57,983 1,879,229 First Financial Northwest, Inc..................... 111,813 1,340,638 # First Horizon National Corp........................ 119,916 1,557,709 First Interstate Bancsystem, Inc................... 27,202 650,128 First Merchants Corp............................... 204,016 4,455,709 First Midwest Bancorp, Inc......................... 241,942 3,725,907 * First NBC Bank Holding Co.......................... 2,637 81,642 First Niagara Financial Group, Inc................. 528,271 4,289,561 o* First Place Financial Corp......................... 114,087 9 First South Bancorp, Inc........................... 967 7,688 * First United Corp.................................. 6,083 51,645 # First West Virginia Bancorp........................ 843 18,487 FirstMerit Corp.................................... 230,826 3,782,084 * Flagstar Bancorp, Inc.............................. 32,932 467,964 Flushing Financial Corp............................ 117,856 2,133,194 # FNB Corp........................................... 336,130 4,033,560 FNF Group.......................................... 91,432 3,209,263 * FNFV Group......................................... 30,474 377,878 * Forest City Enterprises, Inc. Class A.............. 117,860 2,887,570 #* Forestar Group, Inc................................ 43,423 576,223 Fox Chase Bancorp, Inc............................. 18,983 308,284 #* FRP Holdings, Inc.................................. 26,146 946,485 Fulton Financial Corp.............................. 241,522 2,692,970 * Genworth Financial, Inc. Class A................... 923,584 6,446,616 German American Bancorp, Inc....................... 61,710 1,727,880 GFI Group, Inc..................................... 13,313 74,686 Glacier Bancorp, Inc............................... 31,278 696,561 * Global Indemnity P.L.C............................. 60,021 1,574,951 Great Southern Bancorp, Inc........................ 26,760 966,571 * Green Dot Corp. Class A............................ 33,327 508,237 * Greenlight Capital Re, Ltd. Class A................ 12,012 377,297 # Griffin Land & Nurseries, Inc...................... 9,402 278,675 Guaranty Bancorp................................... 52,602 703,815 Guaranty Federal Bancshares, Inc................... 14,051 207,252 * Hallmark Financial Services, Inc................... 105,817 1,168,220 Hampden Bancorp, Inc............................... 14,730 295,926 Hancock Holding Co................................. 48,577 1,268,345 Hanmi Financial Corp............................... 50,933 1,011,529 Hanover Insurance Group, Inc. (The)................ 140,426 9,689,394 Harleysville Savings Financial Corp................ 1,426 25,383 Hawthorn Bancshares, Inc........................... 9,128 129,891 HCC Insurance Holdings, Inc........................ 108,038 5,762,747 # HCI Group, Inc..................................... 30,002 1,386,392 Heartland Financial USA, Inc....................... 10,901 301,086 Heritage Commerce Corp............................. 59,091 494,001 Heritage Financial Corp............................ 29,180 452,874 Heritage Financial Group, Inc...................... 1,394 33,414 1294 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) HF Financial Corp.................................. 12,333 $ 177,719 * Hilltop Holdings, Inc.............................. 259,855 4,716,368 Hingham Institution for Savings.................... 1,253 110,264 * HMN Financial, Inc................................. 24,144 295,523 # Home Bancorp, Inc.................................. 5,323 116,467 * HomeTrust Bancshares, Inc.......................... 2,320 35,844 HopFed Bancorp, Inc................................ 28,833 380,884 Horace Mann Educators Corp......................... 251,498 7,663,144 # Horizon Bancorp.................................... 9,654 216,057 Hudson City Bancorp, Inc........................... 211,602 1,898,070 Hudson Valley Holding Corp......................... 5,146 126,952 Huntington Bancshares, Inc......................... 1,986 19,900 Iberiabank Corp.................................... 63,062 3,443,816 #* Imperial Holdings, Inc............................. 3,445 20,463 # Independence Holding Co............................ 50,444 641,143 # Independent Bank Corp.(453836108).................. 66,239 2,505,821 Independent Bank Corp.(453838609).................. 43,229 531,717 Infinity Property & Casualty Corp.................. 91,923 6,459,429 Interactive Brokers Group, Inc. Class A............ 60,692 1,858,996 International Bancshares Corp...................... 158,383 3,565,201 Intervest Bancshares Corp. Class A................. 17,894 176,256 #* INTL. FCStone, Inc................................. 12,526 241,501 * Investment Technology Group, Inc................... 137,565 2,854,474 Investors Bancorp, Inc............................. 685 7,542 Investors Title Co................................. 7,764 556,989 # Janus Capital Group, Inc........................... 430,097 7,543,901 JMP Group, Inc..................................... 45,410 346,478 * KCG Holdings, Inc. Class A......................... 30,065 367,695 # Kemper Corp........................................ 246,578 8,608,038 Kentucky First Federal Bancorp..................... 496 4,077 Lake Shore Bancorp, Inc............................ 1,066 13,991 Lakeland Bancorp, Inc.............................. 136,165 1,469,220 Lakeland Financial Corp............................ 22,403 845,489 Landmark Bancorp, Inc.............................. 2,689 56,469 LegacyTexas Financial Group, Inc................... 37,640 746,025 Legg Mason, Inc.................................... 349,011 19,349,170 * LendingTree, Inc................................... 24,085 991,820 Leucadia National Corp............................. 74,210 1,682,341 LNB Bancorp, Inc................................... 50,800 883,920 Louisiana Bancorp, Inc............................. 4,919 105,070 # Macatawa Bank Corp................................. 127,574 672,315 * Magyar Bancorp, Inc................................ 6,751 56,033 # Maiden Holdings, Ltd............................... 177,976 2,224,700 # MainSource Financial Group, Inc.................... 118,760 2,280,192 * Markel Corp........................................ 2,511 1,715,917 Marlin Business Services Corp...................... 61,664 989,707 MB Financial, Inc.................................. 206,707 5,872,546 * MBIA, Inc.......................................... 613,326 4,918,875 * MBT Financial Corp................................. 54,563 279,908 # Meadowbrook Insurance Group, Inc................... 274,743 2,280,367 # Mercantile Bank Corp............................... 38,174 725,306 Merchants Bancshares, Inc.......................... 13,907 372,290 Mercury General Corp............................... 13,235 756,380 1295 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * Meridian Bancorp, Inc.............................. 29,987 $ 348,149 Meta Financial Group, Inc.......................... 10,537 352,673 * Metro Bancorp, Inc................................. 65,882 1,677,356 #* MGIC Investment Corp............................... 394,009 3,356,957 Mid Penn Bancorp, Inc.............................. 262 4,061 # MidSouth Bancorp, Inc.............................. 38,730 539,896 # MidWestOne Financial Group, Inc.................... 16,967 475,415 # Montpelier Re Holdings, Ltd........................ 301,072 10,576,659 * MSB Financial Corp................................. 3,000 31,710 MutualFirst Financial, Inc......................... 17,676 386,928 NASDAQ OMX Group, Inc. (The)....................... 421,145 19,204,212 National Bank Holdings Corp. Class A............... 5,380 99,261 # National Interstate Corp........................... 48,648 1,253,659 National Penn Bancshares, Inc...................... 276,342 2,680,517 National Security Group, Inc. (The)................ 193 2,557 National Western Life Insurance Co. Class A........ 5,667 1,350,956 * Naugatuck Valley Financial Corp.................... 1,247 10,812 * Navigators Group, Inc. (The)....................... 76,756 5,696,830 # NBT Bancorp, Inc................................... 26,967 620,511 Nelnet, Inc. Class A............................... 109,310 4,781,219 # New Hampshire Thrift Bancshares, Inc............... 16,158 245,117 # New York Community Bancorp, Inc.................... 713,654 11,025,954 * NewBridge Bancorp.................................. 52,916 414,861 #* NewStar Financial, Inc............................. 217,583 2,299,852 * Nicholas Financial, Inc............................ 4,160 59,197 Northeast Bancorp.................................. 522 4,693 Northeast Community Bancorp, Inc................... 50,944 353,551 # Northfield Bancorp, Inc............................ 28,488 410,227 Northrim BanCorp, Inc.............................. 24,258 502,868 Northwest Bancshares, Inc.......................... 109,049 1,286,778 Norwood Financial Corp............................. 2,565 76,796 # Ocean Shore Holding Co............................. 2,593 36,639 OceanFirst Financial Corp.......................... 32,466 525,949 #* Ocwen Financial Corp............................... 81,073 496,167 # OFG Bancorp........................................ 150,301 2,419,846 Ohio Valley Banc Corp.............................. 1,614 38,736 Old Line Bancshares, Inc........................... 2,048 29,573 Old National Bancorp............................... 138,867 1,862,207 Old Republic International Corp.................... 678,660 9,528,386 * Old Second Bancorp, Inc............................ 56,217 305,821 OneBeacon Insurance Group, Ltd. Class A............ 73,090 1,155,553 Oneida Financial Corp.............................. 801 10,501 Oppenheimer Holdings, Inc. Class A................. 6,305 124,524 Oritani Financial Corp............................. 15,599 220,102 Pacific Continental Corp........................... 29,261 369,859 * Pacific Mercantile Bancorp......................... 58,804 402,807 #* Pacific Premier Bancorp, Inc....................... 15,952 237,047 PacWest Bancorp.................................... 144,330 6,170,829 Park Sterling Corp................................. 90,477 606,196 PartnerRe, Ltd..................................... 163,753 18,733,343 * Patriot National Bancorp, Inc...................... 7,200 12,384 # Peapack Gladstone Financial Corp................... 26,923 480,037 # Penns Woods Bancorp, Inc........................... 451 20,029 1296 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # People's United Financial, Inc..................... 691,881 $ 9,734,766 Peoples Bancorp of North Carolina, Inc............. 4,643 83,713 # Peoples Bancorp, Inc............................... 55,219 1,261,754 * PHH Corp........................................... 273,554 6,822,437 * Phoenix Cos., Inc. (The)........................... 26,303 1,631,575 * PICO Holdings, Inc................................. 74,713 1,194,661 Pinnacle Financial Partners, Inc................... 146,960 5,281,742 * Piper Jaffray Cos.................................. 42,749 2,182,336 Platinum Underwriters Holdings, Ltd................ 177,200 13,082,676 * Popular, Inc....................................... 73,326 2,260,641 Preferred Bank..................................... 16,923 441,860 Premier Financial Bancorp, Inc..................... 18,117 268,675 Primerica, Inc..................................... 42,723 2,120,770 PrivateBancorp, Inc................................ 109,231 3,314,069 ProAssurance Corp.................................. 98,800 4,383,756 Prosperity Bancshares, Inc......................... 18,879 864,469 Protective Life Corp............................... 263,755 18,449,662 Provident Financial Holdings, Inc.................. 26,149 405,833 Provident Financial Services, Inc.................. 227,791 3,954,452 Prudential Bancorp, Inc............................ 156 1,899 Pulaski Financial Corp............................. 44,928 534,643 QC Holdings, Inc................................... 104,573 177,251 QCR Holdings, Inc.................................. 2,083 36,661 # Radian Group, Inc.................................. 439,207 6,921,902 Reinsurance Group of America, Inc.................. 235,808 19,527,261 # RenaissanceRe Holdings, Ltd........................ 57,264 5,476,156 Renasant Corp...................................... 136,053 3,559,147 # Republic Bancorp, Inc. Class A..................... 13,137 299,392 #* Republic First Bancorp, Inc........................ 4,394 15,071 # Resource America, Inc. Class A..................... 89,599 787,575 * Riverview Bancorp, Inc............................. 33,968 149,459 # RLI Corp........................................... 74,578 3,498,454 * Royal Bancshares of Pennsylvania, Inc. Class A..... 5,264 9,475 S&T Bancorp, Inc................................... 85,632 2,354,024 #* Safeguard Scientifics, Inc......................... 70,916 1,299,890 Safety Insurance Group, Inc........................ 70,601 4,373,732 Salisbury Bancorp, Inc............................. 490 13,377 # Sandy Spring Bancorp, Inc.......................... 94,164 2,328,676 SB Financial Group, Inc............................ 1,320 12,685 #* Seacoast Banking Corp. of Florida.................. 2,848 36,056 * Security National Financial Corp. Class A.......... 2,205 13,098 * Select Bancorp, Inc................................ 6,103 43,759 Selective Insurance Group, Inc..................... 222,371 5,741,619 * Shore Bancshares, Inc.............................. 7,514 69,505 SI Financial Group, Inc............................ 19,230 211,722 Sierra Bancorp..................................... 5,656 89,591 Simmons First National Corp. Class A............... 115,564 4,324,405 Simplicity Bancorp, Inc............................ 4,274 75,180 South State Corp................................... 61,269 3,658,372 * Southcoast Financial Corp.......................... 19,116 143,370 * Southern First Bancshares, Inc..................... 14,863 260,103 Southern Missouri Bancorp, Inc..................... 1,081 39,997 # Southern National Bancorp of Virginia, Inc......... 1,185 13,213 1297 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # Southside Bancshares, Inc.......................... 48,319 $1,319,109 Southwest Bancorp, Inc............................. 85,900 1,310,834 Southwest Georgia Financial Corp................... 731 10,139 StanCorp Financial Group, Inc...................... 82,530 5,120,161 State Auto Financial Corp.......................... 163,545 3,597,990 Sterling Bancorp................................... 213,560 2,814,721 Stewart Information Services Corp.................. 55,972 2,003,798 Stock Yards Bancorp, Inc........................... 500 15,400 * Stratus Properties, Inc............................ 42,734 576,054 Suffolk Bancorp.................................... 65,680 1,510,640 #* Sun Bancorp, Inc................................... 14,450 264,435 Susquehanna Bancshares, Inc........................ 734,791 9,265,715 Sussex Bancorp..................................... 7,441 74,410 Symetra Financial Corp............................. 208,169 4,227,912 Synovus Financial Corp............................. 184,121 4,744,798 TCF Financial Corp................................. 284,503 4,182,194 Territorial Bancorp, Inc........................... 8,187 177,985 Timberland Bancorp, Inc............................ 59,392 623,616 # Tompkins Financial Corp............................ 15,008 769,460 # Towne Bank......................................... 56,914 825,822 Trico Bancshares................................... 35,968 839,853 #* Trinity Place Holdings, Inc........................ 27,715 207,863 # TrustCo Bank Corp.................................. 72,175 464,085 # Trustmark Corp..................................... 114,647 2,448,860 # UMB Financial Corp................................. 40,581 1,968,990 Umpqua Holdings Corp............................... 418,740 6,494,657 * Unico American Corp................................ 35,600 422,038 Union Bankshares Corp.............................. 211,160 4,223,200 United Bancshares, Inc............................. 590 8,555 # United Bankshares, Inc............................. 124,388 4,205,558 United Community Bancorp........................... 870 10,310 United Community Banks, Inc........................ 38,399 672,367 United Community Financial Corp.................... 267,131 1,442,507 United Financial Bancorp, Inc...................... 141,505 1,760,322 United Fire Group, Inc............................. 108,057 3,019,113 * United Security Bancshares......................... 1,547 7,983 Unity Bancorp, Inc................................. 24,614 225,464 # Universal Insurance Holdings, Inc.................. 49,436 1,148,398 Univest Corp. of Pennsylvania...................... 17,682 327,471 Validus Holdings, Ltd.............................. 230,271 9,130,245 Valley National Bancorp............................ 22,027 200,005 # VSB Bancorp, Inc................................... 1,262 14,892 * Walker & Dunlop, Inc............................... 47,695 846,586 # Washington Federal, Inc............................ 211,696 4,204,283 # Washington Trust Bancorp, Inc...................... 17,053 624,481 Waterstone Financial, Inc.......................... 7,259 92,044 Wayne Savings Bancshares, Inc...................... 1,300 17,238 Webster Financial Corp............................. 209,439 6,394,173 # WesBanco, Inc...................................... 184,567 5,570,232 # West Bancorporation, Inc........................... 90,568 1,481,693 * Western Alliance Bancorp........................... 99,513 2,558,479 Westfield Financial, Inc........................... 116,491 838,735 White Mountains Insurance Group, Ltd............... 496 319,712 1298 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) Wilshire Bancorp, Inc.............................. 152,127 $ 1,384,356 Wintrust Financial Corp............................ 176,339 7,665,456 WR Berkley Corp.................................... 126,617 6,202,967 WSFS Financial Corp................................ 8,024 592,653 WVS Financial Corp................................. 1,304 14,774 * Yadkin Financial Corp.............................. 2,006 38,234 # Zions Bancorporation............................... 485,190 11,625,152 ------------ Total Financials....................................... 908,204,918 ------------ Health Care -- (5.8%) * Addus HomeCare Corp................................ 8,421 186,778 #* Affymetrix, Inc.................................... 335,217 3,700,796 #* Albany Molecular Research, Inc..................... 175,487 2,865,703 * Alere, Inc......................................... 177,374 7,217,348 * Allied Healthcare Products, Inc.................... 26,236 40,928 #* Almost Family, Inc................................. 14,716 446,778 * Alphatec Holdings, Inc............................. 94,178 120,548 #* Amedisys, Inc...................................... 97,525 2,748,255 * American Shared Hospital Services.................. 8,624 21,646 * AMN Healthcare Services, Inc....................... 66,419 1,250,006 * Amsurg Corp........................................ 104,485 5,765,482 Analogic Corp...................................... 1,876 152,950 * AngioDynamics, Inc................................. 139,840 2,691,221 #* Anika Therapeutics, Inc............................ 68,061 2,666,630 * Arrhythmia Research Technology, Inc................ 1,132 8,705 * Bio-Rad Laboratories, Inc. Class A................. 5,100 583,797 #* BioScrip, Inc...................................... 195,680 1,125,160 * BioTelemetry, Inc.................................. 104,382 1,031,294 * Cambrex Corp....................................... 172,443 3,867,897 Cantel Medical Corp................................ 162,405 6,588,771 #* Capital Senior Living Corp......................... 196,498 4,690,407 * Community Health Systems, Inc...................... 259,083 12,195,037 # CONMED Corp........................................ 176,339 8,400,790 Cooper Cos., Inc. (The)............................ 24,942 3,932,106 * Cross Country Healthcare, Inc...................... 171,944 1,758,987 # CryoLife, Inc...................................... 38,781 436,674 #* Cumberland Pharmaceuticals, Inc.................... 75,105 436,360 * Cutera, Inc........................................ 69,353 922,395 * Cynosure, Inc. Class A............................. 43,651 1,319,133 Daxor Corp......................................... 10,080 62,798 Digirad Corp....................................... 50,370 209,036 #* Emergent Biosolutions, Inc......................... 48,507 1,359,651 Ensign Group, Inc. (The)........................... 6,057 251,366 * Enzo Biochem, Inc.................................. 100,761 317,397 * Exactech, Inc...................................... 6,397 132,994 #* ExamWorks Group, Inc............................... 18,793 694,589 * Five Star Quality Care, Inc........................ 138,735 482,798 * Genesis Healthcare, Inc............................ 43,376 360,021 * Gentiva Health Services, Inc....................... 60,243 1,169,919 * Greatbatch, Inc.................................... 128,497 6,239,814 * Hanger, Inc........................................ 26,246 566,389 * Harvard Apparatus Regenerative Technology, Inc..... 34,762 112,977 * Harvard Bioscience, Inc............................ 134,004 698,161 1299 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Health Net, Inc.................................... 34,840 $ 1,887,283 #* Healthways, Inc.................................... 136,494 2,814,506 Hill-Rom Holdings, Inc............................. 54,042 2,581,046 * Hologic, Inc....................................... 388,373 11,792,946 * ICU Medical, Inc................................... 2,906 242,884 #* Idera Pharmaceuticals, Inc......................... 103,883 469,551 #* Impax Laboratories, Inc............................ 13,337 489,068 #* InfuSystems Holdings, Inc.......................... 6,891 19,019 * Integra LifeSciences Holdings Corp................. 13,253 738,457 Invacare Corp...................................... 132,909 1,947,117 #* IPC Healthcare, Inc................................ 1,532 61,832 * Iridex Corp........................................ 10,837 98,075 Kewaunee Scientific Corp........................... 10,051 180,315 Kindred Healthcare, Inc............................ 220,684 4,073,827 #* Lannett Co., Inc................................... 82,573 3,916,437 LeMaitre Vascular, Inc............................. 69,901 552,917 * LHC Group, Inc..................................... 23,168 688,553 * LifePoint Hospitals, Inc........................... 217,249 14,173,325 * Magellan Health, Inc............................... 60,161 3,616,879 * MedAssets, Inc..................................... 60,137 1,113,136 o* MedCath Corp....................................... 116,120 -- * Medicines Co. (The)................................ 2,593 74,341 * MediciNova, Inc.................................... 19,847 75,022 * Merit Medical Systems, Inc......................... 20,707 317,438 #* Misonix, Inc....................................... 28,468 380,617 #* Molina Healthcare, Inc............................. 121,704 6,195,951 National Healthcare Corp........................... 4,484 282,358 * Natus Medical, Inc................................. 122,239 4,596,186 * NuVasive, Inc...................................... 35,338 1,636,856 Omnicare, Inc...................................... 317,727 23,823,170 * Omnicell, Inc...................................... 96,323 3,065,961 * OraSure Technologies, Inc.......................... 7,623 70,055 # Owens & Minor, Inc................................. 66,167 2,264,896 #* Pacific Biosciences of California, Inc............. 16,002 128,656 Paratek Pharmaceuticals, Inc....................... 3,520 86,944 * PDI, Inc........................................... 91,802 143,211 * PharMerica Corp.................................... 150,112 3,454,077 #* Pozen, Inc......................................... 34,164 236,073 * Prestige Brands Holdings, Inc...................... 268,318 9,192,575 * Providence Service Corp. (The)..................... 25,273 985,647 #* Repligen Corp...................................... 104,438 2,536,799 * RTI Surgical, Inc.................................. 210,351 938,165 * Sciclone Pharmaceuticals, Inc...................... 188,035 1,387,698 Select Medical Holdings Corp....................... 115,876 1,566,644 Span-America Medical Systems, Inc.................. 12,454 214,209 * Special Diversified Opportunities, Inc............. 38,143 45,390 STERIS Corp........................................ 3,332 217,313 #* Sucampo Pharmaceuticals, Inc. Class A.............. 36,738 553,274 * SunLink Health Systems, Inc........................ 9,835 13,621 #* SurModics, Inc..................................... 14,010 321,109 * Symmetry Surgical, Inc............................. 37,559 270,425 * Targacept, Inc..................................... 16,871 42,346 # Teleflex, Inc...................................... 63,027 6,905,238 1300 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) #* Thoratec Corp...................................... 11,034 $ 396,010 * Tornier NV......................................... 600 14,502 * Triple-S Management Corp. Class B.................. 89,437 2,153,643 * Universal American Corp............................ 386,869 3,493,427 Utah Medical Products, Inc......................... 1,047 59,354 * VCA, Inc........................................... 73,329 3,820,441 #* WellCare Health Plans, Inc......................... 11,235 818,470 * Wright Medical Group, Inc.......................... 110,648 2,700,918 ------------ Total Health Care...................................... 226,766,695 ------------ Industrials -- (15.2%) AAR Corp........................................... 196,594 5,634,384 ABM Industries, Inc................................ 46,052 1,329,521 * ACCO Brands Corp................................... 39,273 311,042 Aceto Corp......................................... 186,980 3,627,412 Acme United Corp................................... 2,645 50,255 Actuant Corp. Class A.............................. 47,171 1,090,122 #* Adept Technology, Inc.............................. 11,652 108,364 # ADT Corp. (The).................................... 260,626 8,965,534 * AECOM.............................................. 306,419 7,789,171 * Aegion Corp........................................ 137,183 2,101,644 #* AeroCentury Corp................................... 9,884 80,060 #* Aerovironment, Inc................................. 108,919 2,787,237 # AGCO Corp.......................................... 159,310 6,904,495 Air Lease Corp..................................... 58,720 2,051,677 * Air Transport Services Group, Inc.................. 233,206 1,942,606 Alamo Group, Inc................................... 66,141 2,979,652 Alaska Air Group, Inc.............................. 160,320 10,880,918 Albany International Corp. Class A................. 61,154 2,087,186 Alliant Techsystems, Inc........................... 12,886 1,679,175 Allied Motion Technologies, Inc.................... 1,975 44,279 # Altra Industrial Motion Corp....................... 123,243 3,148,859 * AMERCO............................................. 88,302 25,264,085 #* Ameresco, Inc. Class A............................. 8,372 48,809 # American Railcar Industries, Inc................... 107,451 5,394,040 * American Woodmark Corp............................. 46,160 1,898,561 #* AMREP Corp......................................... 8,943 33,983 Apogee Enterprises, Inc............................ 153,531 6,641,751 Applied Industrial Technologies, Inc............... 66,660 2,695,064 * ARC Document Solutions, Inc........................ 116,827 1,071,304 # ArcBest Corp....................................... 136,778 5,096,348 Argan, Inc......................................... 2,352 71,524 #* Arotech Corp....................................... 33,900 77,292 Astec Industries, Inc.............................. 9,141 325,054 #* Atlas Air Worldwide Holdings, Inc.................. 121,398 5,487,190 * Avalon Holdings Corp. Class A...................... 12,727 38,563 * Avis Budget Group, Inc............................. 549,560 31,495,284 AZZ, Inc........................................... 1,329 56,071 # Baltic Trading, Ltd................................ 32,351 52,409 Barnes Group, Inc.................................. 80,470 2,764,144 # Barrett Business Services, Inc..................... 23,757 728,152 * Beacon Roofing Supply, Inc......................... 41,811 990,503 #* BlueLinx Holdings, Inc............................. 101,135 105,180 1301 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Brady Corp. Class A................................ 63,268 $ 1,655,724 * Breeze-Eastern Corp................................ 29,140 292,857 # Briggs & Stratton Corp............................. 171,651 3,160,095 # Brink's Co. (The).................................. 20,535 460,189 * CAI International, Inc............................. 50,141 1,051,457 #* CBIZ, Inc.......................................... 85,999 712,072 CDI Corp........................................... 118,598 2,014,980 Ceco Environmental Corp............................ 20,047 275,045 Celadon Group, Inc................................. 97,408 2,321,233 * Chart Industries, Inc.............................. 836 23,826 # Chicago Rivet & Machine Co......................... 1,983 60,521 CIRCOR International, Inc.......................... 59,669 2,947,052 Civeo Corp......................................... 51,274 150,233 * Clean Harbors, Inc................................. 913 43,203 Columbus McKinnon Corp............................. 53,255 1,334,038 Comfort Systems USA, Inc........................... 46,657 776,839 Compx International, Inc........................... 5,744 61,978 Con-way, Inc....................................... 64,749 2,652,767 Courier Corp....................................... 28,025 657,747 Covanta Holding Corp............................... 209,766 4,287,617 * Covenant Transportation Group, Inc. Class A........ 76,284 2,158,837 #* CPI Aerostructures, Inc............................ 27,413 322,103 * CRA International, Inc............................. 44,458 1,312,845 Cubic Corp......................................... 6,751 353,010 Curtiss-Wright Corp................................ 193,210 12,854,261 * DigitalGlobe, Inc.................................. 94,158 2,531,909 Douglas Dynamics, Inc.............................. 67,044 1,353,618 * Ducommun, Inc...................................... 63,364 1,645,563 * Dycom Industries, Inc.............................. 161,441 4,973,997 Dynamic Materials Corp............................. 12,521 177,297 Eastern Co. (The).................................. 34,260 648,199 Ecology and Environment, Inc. Class A.............. 7,348 72,010 EMCOR Group, Inc................................... 1,800 72,648 Encore Wire Corp................................... 119,350 3,655,690 #* Energy Recovery, Inc............................... 24,913 82,213 # EnerSys............................................ 76,724 4,479,147 * Engility Holdings, Inc............................. 17,477 697,332 Ennis, Inc......................................... 132,806 1,771,632 * EnPro Industries, Inc.............................. 74,546 4,422,814 ESCO Technologies, Inc............................. 72,124 2,597,906 # Espey Manufacturing & Electronics Corp............. 13,355 358,048 #* Esterline Technologies Corp........................ 124,499 13,955,093 Exelis, Inc........................................ 145,850 2,495,493 Federal Signal Corp................................ 128,702 1,965,280 * Franklin Covey Co.................................. 93,603 1,691,406 FreightCar America, Inc............................ 58,224 1,358,948 #* FTI Consulting, Inc................................ 123,735 5,032,302 #* Fuel Tech, Inc..................................... 23,411 75,618 * Furmanite Corp..................................... 70,098 513,818 G&K Services, Inc. Class A......................... 89,654 6,284,745 GATX Corp.......................................... 210,848 12,049,963 * Gencor Industries, Inc............................. 32,703 299,232 # General Cable Corp................................. 81,399 931,205 1302 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * Gibraltar Industries, Inc.......................... 148,815 $ 2,253,059 Global Power Equipment Group, Inc.................. 2,000 24,660 * Goldfield Corp. (The).............................. 15,445 35,060 * GP Strategies Corp................................. 93,257 3,112,919 * GrafTech International, Ltd........................ 89,712 325,655 # Granite Construction, Inc.......................... 155,442 5,297,463 * Great Lakes Dredge & Dock Corp..................... 330,495 2,567,946 # Greenbrier Cos., Inc. (The)........................ 116,098 6,028,969 # Griffon Corp....................................... 277,994 4,083,732 H&E Equipment Services, Inc........................ 141,763 2,486,523 Hardinge, Inc...................................... 75,666 863,349 #* Hawaiian Holdings, Inc............................. 176,430 3,429,799 Heidrick & Struggles International, Inc............ 15,769 349,441 * Hill International, Inc............................ 99,231 379,062 Houston Wire & Cable Co............................ 99,680 1,103,458 * Hub Group, Inc. Class A............................ 123,416 4,122,094 * Hudson Global, Inc................................. 55,855 136,845 Huntington Ingalls Industries, Inc................. 7,684 895,954 Hurco Cos., Inc.................................... 31,863 1,117,754 * Huron Consulting Group, Inc........................ 9,354 703,608 Hyster-Yale Materials Handling, Inc................ 48,502 3,038,650 * ICF International, Inc............................. 43,646 1,630,615 #* InnerWorkings, Inc................................. 9,334 47,883 * Innovative Solutions & Support, Inc................ 10,021 39,483 Insteel Industries, Inc............................ 72,966 1,489,966 # International Shipholding Corp..................... 32,037 536,940 # Intersections, Inc................................. 78,990 270,146 #* JetBlue Airways Corp............................... 1,383,605 23,230,728 Kadant, Inc........................................ 64,437 2,560,726 # Kaman Corp......................................... 34,034 1,293,973 KAR Auction Services, Inc.......................... 22,900 781,119 Kelly Services, Inc. Class A....................... 160,142 2,706,400 * Key Technology, Inc................................ 15,076 192,973 Kforce, Inc........................................ 1,297 30,350 Kimball International, Inc. Class B................ 137,692 1,193,790 * Kirby Corp......................................... 15,313 1,110,039 # Knight Transportation, Inc......................... 45,714 1,302,392 # Knightsbridge Shipping, Ltd........................ 62,741 251,591 * Korn/Ferry International........................... 94,812 2,702,142 * Kratos Defense & Security Solutions, Inc........... 102,606 498,665 * Lawson Products, Inc............................... 47,145 1,159,767 #* Layne Christensen Co............................... 79,522 643,333 LB Foster Co. Class A.............................. 28,930 1,371,571 #* LMI Aerospace, Inc................................. 48,967 695,331 LS Starrett Co. (The) Class A...................... 17,861 385,262 LSI Industries, Inc................................ 111,727 820,076 * Lydall, Inc........................................ 110,552 3,045,708 Manpowergroup, Inc................................. 55,050 4,012,044 Marten Transport, Ltd.............................. 243,892 4,987,591 #* MasTec, Inc........................................ 44,802 829,733 * Mastech Holdings, Inc.............................. 508 5,288 Matson, Inc........................................ 196,521 6,829,105 Matthews International Corp. Class A............... 34,300 1,589,119 1303 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) McGrath RentCorp................................... 62,106 $ 1,886,780 * Mfri, Inc.......................................... 51,844 289,290 Miller Industries, Inc............................. 59,589 1,203,698 # Mobile Mini, Inc................................... 210,604 7,644,925 * Moog, Inc. Class A................................. 39,980 2,810,594 * Moog, Inc. Class B................................. 3,308 232,321 * MRC Global, Inc.................................... 3,231 34,927 Mueller Industries, Inc............................ 133,910 4,203,435 Mueller Water Products, Inc. Class A............... 318,498 3,258,235 # Multi-Color Corp................................... 34,472 2,006,960 * MYR Group, Inc..................................... 70,256 1,758,508 # National Presto Industries, Inc.................... 1,658 104,454 * Navigant Consulting, Inc........................... 100,271 1,446,911 # NL Industries, Inc................................. 37,233 261,003 NN, Inc............................................ 139,284 3,210,496 #* Northwest Pipe Co.................................. 60,065 1,437,355 * On Assignment, Inc................................. 187,664 6,592,636 * Orbital Sciences Corp.............................. 59,451 1,669,979 * Orion Energy Systems, Inc.......................... 38,009 172,181 * Orion Marine Group, Inc............................ 25,213 230,195 Oshkosh Corp....................................... 74,294 3,183,498 Owens Corning...................................... 367,806 14,730,630 * PAM Transportation Services, Inc................... 60,286 3,490,559 Park-Ohio Holdings Corp............................ 1,185 63,315 * Patrick Industries, Inc............................ 7,237 311,191 # Powell Industries, Inc............................. 13,080 510,251 #* PowerSecure International, Inc..................... 77,807 731,386 # Preformed Line Products Co......................... 20,440 977,236 Providence and Worcester Railroad Co............... 13,495 248,983 Quad/Graphics, Inc................................. 15,813 316,893 Quanex Building Products Corp...................... 36,160 680,893 * Quanta Services, Inc............................... 217,179 5,750,900 RBC Bearings, Inc.................................. 543 31,516 RCM Technologies, Inc.............................. 92,190 545,765 Regal-Beloit Corp.................................. 52,437 3,610,287 * Republic Airways Holdings, Inc..................... 254,007 3,495,136 Resources Connection, Inc.......................... 64,200 1,072,140 * Roadrunner Transportation Systems, Inc............. 25,499 518,140 * RPX Corp........................................... 9,539 117,807 #* Rush Enterprises, Inc. Class A..................... 197,465 5,529,020 * Rush Enterprises, Inc. Class B..................... 51,902 1,409,139 Ryder System, Inc.................................. 233,530 19,333,949 * Saia, Inc.......................................... 146,541 6,170,841 * Servotronics, Inc.................................. 6,561 41,990 # SIFCO Industries, Inc.............................. 14,049 407,281 Simpson Manufacturing Co., Inc..................... 22,156 723,172 SkyWest, Inc....................................... 240,109 3,013,368 * SL Industries, Inc................................. 12,775 546,131 * Sparton Corp....................................... 56,079 1,316,735 #* Standard Register Co. (The)........................ 16,816 26,401 Standex International Corp......................... 73,367 5,142,293 Steelcase, Inc. Class A............................ 206,657 3,488,370 #* Sterling Construction Co., Inc..................... 43,300 150,251 1304 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) Supreme Industries, Inc. Class A................... 31,849 $ 245,556 # TAL International Group, Inc....................... 143,438 5,830,755 * Team, Inc.......................................... 1,885 71,894 * Tecumseh Products Co............................... 37,193 131,663 # Terex Corp......................................... 202,016 4,541,320 Tetra Tech, Inc.................................... 69,712 1,605,467 * Thermon Group Holdings, Inc........................ 1,221 24,969 # Titan International, Inc........................... 54,020 482,939 #* Titan Machinery, Inc............................... 63,565 898,173 * TRC Cos., Inc...................................... 82,027 566,807 * Trimas Corp........................................ 120,073 3,240,770 # Trinity Industries, Inc............................ 554,828 14,686,297 Triumph Group, Inc................................. 76,544 4,367,601 * TrueBlue, Inc...................................... 14,030 309,502 * Tutor Perini Corp.................................. 215,588 4,680,415 # Twin Disc, Inc..................................... 43,496 700,286 * Ultralife Corp..................................... 40,258 134,864 * Ultrapetrol Bahamas, Ltd........................... 1,200 1,932 UniFirst Corp...................................... 54,384 6,315,614 # United Stationers, Inc............................. 26,014 1,048,624 Universal Forest Products, Inc..................... 87,386 4,374,543 Universal Truckload Services, Inc.................. 11,902 280,411 #* USA Truck, Inc..................................... 62,991 1,751,150 #* UTi Worldwide, Inc................................. 32,703 388,185 # Valmont Industries, Inc............................ 6,533 784,744 * Vectrus, Inc....................................... 5,877 163,616 * Veritiv Corp....................................... 267 13,582 * Versar, Inc........................................ 1,356 4,136 Viad Corp.......................................... 103,803 2,800,605 * Virco Manufacturing Corp........................... 26,552 63,725 * Volt Information Sciences, Inc..................... 2,400 30,096 # VSE Corp........................................... 3,624 262,269 Waste Connections, Inc............................. 149,799 6,474,313 Watts Water Technologies, Inc. Class A............. 115,180 6,753,003 Werner Enterprises, Inc............................ 70,236 2,003,833 #* Wesco Aircraft Holdings, Inc....................... 43,957 573,199 #* WESCO International, Inc........................... 7,843 523,599 #* Willdan Group, Inc................................. 16,551 231,548 * Willis Lease Finance Corp.......................... 36,581 755,763 #* XPO Logistics, Inc................................. 35,301 1,298,724 ------------ Total Industrials...................................... 592,219,250 ------------ Information Technology -- (12.1%) * Actua Corp......................................... 298,309 4,802,775 * Acxiom Corp........................................ 10,949 199,272 # ADTRAN, Inc........................................ 37,761 834,896 * Advanced Energy Industries, Inc.................... 56,347 1,352,328 #* Agilysys, Inc...................................... 117,956 1,224,383 * Alpha & Omega Semiconductor, Ltd................... 16,887 148,099 American Software, Inc. Class A.................... 19,941 165,311 * Amkor Technology, Inc.............................. 133,346 846,747 * Amtech Systems, Inc................................ 47,501 388,083 #* ANADIGICS, Inc..................................... 150,237 162,256 1305 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Anixter International, Inc......................... 1,121 $ 84,479 * AOL, Inc........................................... 209,855 9,076,229 * ARRIS Group, Inc................................... 449,224 11,778,653 * Arrow Electronics, Inc............................. 351,633 19,353,880 Astro-Med, Inc..................................... 24,190 354,021 #* Aviat Networks, Inc................................ 165,868 212,311 * Avid Technology, Inc............................... 129,698 1,680,886 Avnet, Inc......................................... 338,215 14,076,508 AVX Corp........................................... 99,833 1,290,841 Aware, Inc......................................... 46,523 227,032 * Axcelis Technologies, Inc.......................... 188,271 451,850 * AXT, Inc........................................... 170,997 475,372 Bel Fuse, Inc. Class A............................. 11,057 228,880 Bel Fuse, Inc. Class B............................. 48,330 1,136,722 * Benchmark Electronics, Inc......................... 259,534 6,288,509 Black Box Corp..................................... 85,626 1,799,002 #* Blucora, Inc....................................... 195,437 2,642,308 * BroadVision, Inc................................... 19,245 116,047 Brocade Communications Systems, Inc................ 596,259 6,630,400 Brooks Automation, Inc............................. 153,982 1,987,908 * Bsquare Corp....................................... 33,534 148,556 * BTU International, Inc............................. 7,174 18,868 * CACI International, Inc. Class A................... 127,408 10,777,443 * Calix, Inc......................................... 110,814 1,063,814 * Cascade Microtech, Inc............................. 70,739 952,147 * Ceva, Inc.......................................... 810 14,831 * Checkpoint Systems, Inc............................ 124,835 1,617,862 * Ciber, Inc......................................... 361,694 1,168,272 #* Cirrus Logic, Inc.................................. 48,519 1,285,754 * Coherent, Inc...................................... 18,875 1,167,985 Cohu, Inc.......................................... 136,344 1,544,778 o* Commerce One, LLC.................................. 110 -- Communications Systems, Inc........................ 41,562 426,011 Computer Sciences Corp............................. 37,110 2,251,835 Comtech Telecommunications Corp.................... 75,916 2,508,265 Concurrent Computer Corp........................... 33,012 207,976 # Convergys Corp..................................... 551,669 10,569,978 * CoreLogic, Inc..................................... 194,171 6,446,477 * Covisint Corp...................................... 20,310 45,088 #* Cray, Inc.......................................... 66,170 2,149,863 #* Cree, Inc.......................................... 145,790 5,155,134 # CSG Systems International, Inc..................... 48,387 1,186,449 CSP, Inc........................................... 4,766 33,743 CTS Corp........................................... 83,220 1,331,520 * CyberOptics Corp................................... 72,104 786,655 Daktronics, Inc.................................... 15,217 188,386 * Datalink Corp...................................... 26,940 306,038 #* Dealertrack Technologies, Inc...................... 3,100 124,620 * Dice Holdings, Inc................................. 181,201 1,498,532 * Digi International, Inc............................ 134,407 1,283,587 #* Digital River, Inc................................. 60,824 1,552,837 * Diodes, Inc........................................ 23,659 625,307 * Dot Hill Systems Corp.............................. 12,250 51,083 1306 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * DSP Group, Inc..................................... 115,184 $ 1,265,872 DST Systems, Inc................................... 419 40,517 * DTS, Inc........................................... 1,021 28,302 EarthLink Holdings Corp............................ 483,446 2,040,142 * EchoStar Corp. Class A............................. 130,677 6,817,419 * Edgewater Technology, Inc.......................... 75,244 530,470 Electro Rent Corp.................................. 120,514 1,553,425 # Electro Scientific Industries, Inc................. 156,283 979,894 * Electronics for Imaging, Inc....................... 199,356 7,705,109 * Emcore Corp........................................ 45,352 234,470 * Emulex Corp........................................ 264,198 1,653,880 #* EnerNOC, Inc....................................... 35,786 616,235 * Entegris, Inc...................................... 111,477 1,449,201 #* Entropic Communications, Inc....................... 81,262 210,469 EPIQ Systems, Inc.................................. 141,149 2,463,050 * ePlus, Inc......................................... 38,358 2,586,864 * Euronet Worldwide, Inc............................. 82,212 3,731,603 #* Exar Corp.......................................... 170,620 1,538,992 * Extreme Networks, Inc.............................. 346,305 1,018,137 * Fabrinet........................................... 23,766 388,099 #* Fairchild Semiconductor International, Inc......... 375,794 5,768,438 #* Finisar Corp....................................... 97,825 1,774,546 #* First Solar, Inc................................... 251,802 10,656,261 * FormFactor, Inc.................................... 122,753 926,785 * Frequency Electronics, Inc......................... 28,958 330,266 * Global Cash Access Holdings, Inc................... 32,592 215,433 * GSE Systems, Inc................................... 46,149 76,607 * GSI Group, Inc..................................... 28,105 371,548 * GSI Technology, Inc................................ 63,460 321,108 Hackett Group, Inc. (The).......................... 215,781 1,635,620 * Harmonic, Inc...................................... 303,730 2,323,535 #* Hutchinson Technology, Inc......................... 74,698 260,696 IAC/InterActiveCorp................................ 161,827 9,863,356 * ID Systems, Inc.................................... 56,086 369,607 * Identiv, Inc....................................... 10,767 135,772 * IEC Electronics Corp............................... 6,001 26,884 * II-VI, Inc......................................... 5,572 95,783 #* Imation Corp....................................... 116,292 437,258 * Ingram Micro, Inc. Class A......................... 553,452 13,935,921 * Innodata, Inc...................................... 600 1,716 #* Inphi Corp......................................... 3,069 60,152 * Insight Enterprises, Inc........................... 137,520 3,255,098 * Integrated Device Technology, Inc.................. 409,921 7,497,455 Integrated Silicon Solution, Inc................... 134,377 2,160,782 #* Internap Corp...................................... 251,967 2,121,562 * Interphase Corp.................................... 33,651 69,321 Intersil Corp. Class A............................. 451,374 6,459,162 #* Intevac, Inc....................................... 114,179 742,164 * IntraLinks Holdings, Inc........................... 53,565 571,003 * IntriCon Corp...................................... 13,375 98,975 #* Itron, Inc......................................... 10,413 387,468 IXYS Corp.......................................... 108,516 1,226,231 Jabil Circuit, Inc................................. 270,570 5,576,448 1307 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* JDS Uniphase Corp.................................. 2,642 $ 32,100 * Kemet Corp......................................... 88,667 336,935 * Key Tronic Corp.................................... 54,827 505,505 * Kimball Electronics, Inc........................... 103,269 1,051,278 #* Knowles Corp....................................... 14,076 298,552 #* Kopin Corp......................................... 237,250 865,963 * Kulicke & Soffa Industries, Inc.................... 178,618 2,709,635 * KVH Industries, Inc................................ 88,639 1,072,532 * Lattice Semiconductor Corp......................... 311,711 2,222,499 Leidos Holdings, Inc............................... 5,850 242,190 # Lexmark International, Inc. Class A................ 195,376 7,797,456 * LGL Group, Inc. (The).............................. 9,533 36,225 * Limelight Networks, Inc............................ 179,797 478,260 * Magnachip Semiconductor Corp....................... 14,012 201,493 # ManTech International Corp. Class A................ 73,769 2,399,706 Marchex, Inc. Class B.............................. 93,738 357,142 Marvell Technology Group, Ltd...................... 827,739 12,821,677 * Mattson Technology, Inc............................ 34,221 112,587 #* Maxwell Technologies, Inc.......................... 20,502 163,196 Mentor Graphics Corp............................... 189,891 4,369,392 * Mercury Systems, Inc............................... 86,056 1,357,964 Methode Electronics, Inc........................... 178,393 6,452,475 * Microsemi Corp..................................... 93,577 2,607,055 MKS Instruments, Inc............................... 159,920 5,598,799 MOCON, Inc......................................... 1,300 22,555 #* ModusLink Global Solutions, Inc.................... 205,727 742,674 #* Monster Worldwide, Inc............................. 102,627 423,850 * Multi-Fineline Electronix, Inc..................... 18,431 239,787 #* Nanometrics, Inc................................... 25,549 397,031 * NAPCO Security Technologies, Inc................... 21,296 105,841 * NCI, Inc. Class A.................................. 1,000 12,320 * NCR Corp........................................... 10,754 273,152 * NeoPhotonics Corp.................................. 6,053 18,159 * NETGEAR, Inc....................................... 15,956 538,834 * Newport Corp....................................... 156,673 2,901,584 * Novatel Wireless, Inc.............................. 92,816 490,068 #* Oclaro, Inc........................................ 143,987 205,901 * OmniVision Technologies, Inc....................... 262,229 7,090,672 * ON Semiconductor Corp.............................. 72,643 727,156 Optical Cable Corp................................. 59,643 310,740 * OSI Systems, Inc................................... 32,377 2,265,742 * PAR Technology Corp................................ 72,352 415,300 Park Electrochemical Corp.......................... 4,655 101,060 PC Connection, Inc................................. 232,056 5,511,330 PC-Tel, Inc........................................ 102,769 862,232 * PCM, Inc........................................... 112,274 1,066,603 Perceptron, Inc.................................... 78,740 843,305 * Perficient, Inc.................................... 50,735 913,230 * Pericom Semiconductor Corp......................... 212,474 3,104,245 #* Photronics, Inc.................................... 279,845 2,350,698 #* Planar Systems, Inc................................ 52,408 383,627 Plantronics, Inc................................... 4,915 225,254 * Plexus Corp........................................ 26,853 1,017,460 1308 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * PMC-Sierra, Inc.................................... 420,360 $ 3,715,982 * Polycom, Inc....................................... 219,851 2,924,018 #* PRGX Global, Inc................................... 3,599 18,679 * Progress Software Corp............................. 19,631 491,757 QAD, Inc. Class B.................................. 465 8,049 * QLogic Corp........................................ 85,081 1,136,682 * Qorvo, Inc......................................... 297,840 22,001,441 * Qualstar Corp...................................... 88,900 126,238 #* QuinStreet, Inc.................................... 9,715 49,741 * Qumu Corp.......................................... 14,970 212,574 * Radisys Corp....................................... 87,223 202,357 * RealNetworks, Inc.................................. 194,064 1,364,270 Reis, Inc.......................................... 48,098 1,082,205 # RF Industries, Ltd................................. 21,697 97,420 Richardson Electronics, Ltd........................ 36,132 338,557 * Rofin-Sinar Technologies, Inc...................... 19,837 534,012 * Rogers Corp........................................ 3,205 236,721 * Rovi Corp.......................................... 112,256 2,594,236 #* Rubicon Technology, Inc............................ 18,192 75,679 #* Rudolph Technologies, Inc.......................... 145,735 1,461,722 * Sanmina Corp....................................... 275,108 5,826,787 * ScanSource, Inc.................................... 37,893 1,306,551 #* Seachange International, Inc....................... 223,184 1,575,679 * Selectica, Inc..................................... 1,891 8,736 * ShoreTel, Inc...................................... 37,239 263,652 * Sigma Designs, Inc................................. 133,928 851,782 * Silicon Image, Inc................................. 106,338 772,014 * Silicon Laboratories, Inc.......................... 7,237 316,691 * SMTC Corp.......................................... 15,394 25,554 * Sonus Networks, Inc................................ 70,085 1,337,218 * Spansion, Inc. Class A............................. 20,271 718,810 #* Speed Commerce, Inc................................ 300 714 SS&C Technologies Holdings, Inc.................... 2,900 160,457 * StarTek, Inc....................................... 84,732 799,023 #* SunEdison, Inc..................................... 134,578 2,520,646 #* SunPower Corp...................................... 185,231 4,467,772 * Super Micro Computer, Inc.......................... 22,787 833,321 * support.com, Inc................................... 182,891 358,466 * Sykes Enterprises, Inc............................. 88,565 1,994,484 # SYNNEX Corp........................................ 188,595 13,991,863 #* Take-Two Interactive Software, Inc................. 110,411 3,281,415 * Tech Data Corp..................................... 163,716 9,348,184 * TeleCommunication Systems, Inc. Class A............ 206,983 585,762 #* Telenav, Inc....................................... 16,411 106,343 Teradyne, Inc...................................... 55,200 999,120 Tessco Technologies, Inc........................... 37,440 848,016 Tessera Technologies, Inc.......................... 138,192 5,124,159 TheStreet, Inc..................................... 179,756 373,892 * TSR, Inc........................................... 1,733 7,365 #* TTM Technologies, Inc.............................. 309,623 2,151,880 * Ultra Clean Holdings, Inc.......................... 16,704 146,995 * United Online, Inc................................. 71,086 938,335 #* Universal Security Instruments, Inc................ 793 4,901 1309 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) #* Veeco Instruments, Inc............................. 10,075 $ 293,888 #* VeriFone Systems, Inc.............................. 28,723 901,615 * Viasystems Group, Inc.............................. 61,551 985,432 # Vicon Industries, Inc.............................. 30,165 46,756 #* Video Display Corp................................. 10,671 26,784 #* Virtusa Corp....................................... 277,487 10,394,663 # Vishay Intertechnology, Inc........................ 479,006 6,524,062 * Vishay Precision Group, Inc........................ 40,885 680,326 Wayside Technology Group, Inc...................... 518 9,184 * Web.com Group, Inc................................. 4,664 70,473 * Westell Technologies, Inc. Class A................. 41,517 51,896 * Xcerra Corp........................................ 59,877 459,855 * XO Group, Inc...................................... 40,494 665,721 ------------ Total Information Technology........................... 474,591,401 ------------ Materials -- (7.1%) A Schulman, Inc.................................... 174,907 6,095,509 #* AM Castle & Co..................................... 118,783 718,637 * American Biltrite, Inc............................. 43 18,490 Ampco-Pittsburgh Corp.............................. 30,064 547,165 Ashland, Inc....................................... 86,923 10,302,114 Axiall Corp........................................ 89,764 3,972,057 Bemis Co., Inc..................................... 90,044 3,988,949 * Boise Cascade Co................................... 45,513 1,840,546 Cabot Corp......................................... 62,826 2,664,451 * Calgon Carbon Corp................................. 16,892 333,279 * Century Aluminum Co................................ 414,244 9,573,179 Chase Corp......................................... 18,375 657,825 * Chemtura Corp...................................... 166,214 3,621,803 * Clearwater Paper Corp.............................. 8,307 614,884 # Cliffs Natural Resources, Inc...................... 29,113 186,905 * Coeur Mining, Inc.................................. 272,130 1,714,419 Commercial Metals Co............................... 404,659 5,430,524 * Continental Materials Corp......................... 1,419 24,691 * Core Molding Technologies, Inc..................... 23,022 333,819 Cytec Industries, Inc.............................. 65,166 3,127,316 Domtar Corp........................................ 246,334 9,434,592 * Ferro Corp......................................... 83,666 931,203 Friedman Industries, Inc........................... 53,141 332,663 FutureFuel Corp.................................... 27,283 299,840 * Graphic Packaging Holding Co....................... 611,140 8,849,307 Greif, Inc. Class B................................ 600 26,286 Hawkins, Inc....................................... 300 11,553 Haynes International, Inc.......................... 18,879 734,959 # HB Fuller Co....................................... 66,930 2,754,169 * Headwaters, Inc.................................... 190,585 2,683,437 # Hecla Mining Co.................................... 122,361 402,568 #* Horsehead Holding Corp............................. 182,199 2,448,755 # Huntsman Corp...................................... 363,766 7,988,301 Innophos Holdings, Inc............................. 5,587 332,650 Innospec, Inc...................................... 38,387 1,515,135 # Kaiser Aluminum Corp............................... 92,915 6,439,939 KapStone Paper and Packaging Corp.................. 378,704 11,311,888 1310 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Materials -- (Continued) KMG Chemicals, Inc................................. 8,776 $ 183,594 * Kraton Performance Polymers, Inc................... 5,590 108,111 #* Louisiana-Pacific Corp............................. 670,853 10,981,864 * LSB Industries, Inc................................ 3,087 96,438 # Martin Marietta Materials, Inc..................... 57,007 6,141,934 Materion Corp...................................... 87,213 2,873,668 MeadWestvaco Corp.................................. 386,074 19,411,801 #* Mercer International, Inc.......................... 186,841 2,369,144 Minerals Technologies, Inc......................... 106,056 6,928,638 Myers Industries, Inc.............................. 180,201 3,000,347 Neenah Paper, Inc.................................. 52,936 3,037,468 Noranda Aluminum Holding Corp...................... 1,300 3,939 * Northern Technologies International Corp........... 20,514 419,204 # Olin Corp.......................................... 95,938 2,405,166 # Olympic Steel, Inc................................. 72,635 995,826 OM Group, Inc...................................... 173,900 4,869,200 * OMNOVA Solutions, Inc.............................. 24,623 168,914 * Penford Corp....................................... 60,138 1,131,797 PH Glatfelter Co................................... 220,312 5,038,535 PolyOne Corp....................................... 147,777 5,259,383 Quaker Chemical Corp............................... 41,927 3,308,879 Reliance Steel & Aluminum Co....................... 203,701 10,667,821 * Resolute Forest Products, Inc...................... 9,194 156,298 Rock-Tenn Co. Class A.............................. 299,934 19,465,717 * RTI International Metals, Inc...................... 146,456 3,265,969 # Schnitzer Steel Industries, Inc. Class A........... 96,137 1,622,793 Schweitzer-Mauduit International, Inc.............. 2,465 95,790 Sensient Technologies Corp......................... 63,001 3,843,061 Sonoco Products Co................................. 37,036 1,636,991 Steel Dynamics, Inc................................ 496,644 8,462,814 Stepan Co.......................................... 2,835 108,864 #* Stillwater Mining Co............................... 44,238 604,733 SunCoke Energy, Inc................................ 161,918 2,444,962 # Synalloy Corp...................................... 27,564 460,319 TimkenSteel Corp................................... 6,870 185,490 * Trecora Resources.................................. 19,226 264,357 Tredegar Corp...................................... 167,221 3,576,857 # Tronox, Ltd. Class A............................... 23,392 494,507 # United States Lime & Minerals, Inc................. 4,394 303,845 # United States Steel Corp........................... 251,409 6,144,436 #* Universal Stainless & Alloy Products, Inc.......... 44,949 1,001,913 Vulcan Materials Co................................ 125,383 8,840,755 # Wausau Paper Corp.................................. 158,672 1,612,107 Westlake Chemical Corp............................. 125,414 7,187,476 Worthington Industries, Inc........................ 159,664 4,778,743 Zep, Inc........................................... 6,046 96,857 ------------ Total Materials........................................ 278,321,132 ------------ Other -- (0.0%) o* Allen Organ Co. Escrow Shares...................... 400 -- o* Gerber Scientific, Inc. Escrow Shares.............. 182,700 -- 1311 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Other -- (Continued) o* Petrocorp, Inc. Escrow Shares................ 4,900 $ -- -------------- Total Other....................................... -- -------------- Real Estate Investment Trusts -- (0.0%) CareTrust REIT, Inc.......................... 1,002 13,507 -------------- Telecommunication Services -- (1.0%) #* Alaska Communications Systems Group, Inc..... 5,754 10,242 * Alteva....................................... 9,604 70,109 Atlantic Tele-Network, Inc................... 6,152 408,677 #* Boingo Wireless, Inc......................... 63,850 539,532 # Consolidated Communications Holdings, Inc.... 32,063 746,427 # Frontier Communications Corp................. 1,591,237 10,685,156 * General Communication, Inc. Class A.......... 157,174 2,307,314 #* Hawaiian Telcom Holdco, Inc.................. 2,855 74,316 IDT Corp. Class B............................ 19,608 418,827 Inteliquent, Inc............................. 83,474 1,404,033 #* Iridium Communications, Inc.................. 145,080 1,234,631 # Lumos Networks Corp.......................... 3,587 57,500 * ORBCOMM, Inc................................. 102,220 568,343 * Premiere Global Services, Inc................ 80,919 715,324 Shenandoah Telecommunications Co............. 93,070 2,765,110 Spok Holdings, Inc........................... 42,433 726,453 #* Straight Path Communications, Inc. Class B... 9,804 188,041 Telephone & Data Systems, Inc................ 274,975 6,393,169 #* United States Cellular Corp.................. 48,815 1,698,274 * Vonage Holdings Corp......................... 39,758 166,983 Windstream Holdings, Inc..................... 924,261 7,347,875 -------------- Total Telecommunication Services.................. 38,526,336 -------------- Utilities -- (0.4%) Consolidated Water Co., Ltd.................. 22,021 238,928 * Dynegy, Inc.................................. 15,067 411,630 # Genie Energy, Ltd. Class B................... 50,461 316,391 # Ormat Technologies, Inc...................... 37,652 1,007,191 UGI Corp..................................... 315,225 11,660,173 -------------- Total Utilities................................... 13,634,313 -------------- TOTAL COMMON STOCKS............................... 3,418,363,100 -------------- RIGHTS/WARRANTS -- (0.0%) o* Furiex Pharmaceuticals Contingent Value Rights..................................... 8,033 78,482 o* Leap Wireless International, Inc. Contingent Value Rights............................... 106,992 269,620 o#* Magnum Hunter Resources Corp. Warrants 04/15/16................................... 3,960 -- o* Providence Service Corp. (The) Rights 02/05/2015................................. 1,044 -- 1312 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- o* Southern Community Financial Corp. Contingent Value Rights................................. 120,522 $ 111,567 -------------- TOTAL RIGHTS/WARRANTS................................ 459,669 -------------- TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional Liquid Reserves, 0.089%....................................... 8,893,797 8,893,797 -------------- SECURITIES LENDING COLLATERAL -- (12.3%) (S)@ DFA Short Term Investment Fund................. 41,424,505 479,281,526 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,563,810,991)^^............................ $3,906,998,092 ============== 1313 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary... $ 570,334,573 -- -- $ 570,334,573 Consumer Staples......... 108,318,219 -- -- 108,318,219 Energy................... 207,432,756 -- -- 207,432,756 Financials............... 908,204,909 $ 9 -- 908,204,918 Health Care.............. 226,766,695 -- -- 226,766,695 Industrials.............. 592,219,250 -- -- 592,219,250 Information Technology... 474,591,401 -- -- 474,591,401 Materials................ 278,321,132 -- -- 278,321,132 Other.................... -- -- -- -- Real Estate Investment Trusts................. 13,507 -- -- 13,507 Telecommunication Services............... 38,526,336 -- -- 38,526,336 Utilities................ 13,634,313 -- -- 13,634,313 Rights/Warrants............. -- 459,669 -- 459,669 Temporary Cash Investments.. 8,893,797 -- -- 8,893,797 Securities Lending Collateral................ -- 479,281,526 -- 479,281,526 -------------- ------------ -- -------------- TOTAL....................... $3,427,256,888 $479,741,204 -- $3,906,998,092 ============== ============ == ============== 1314 TAX-MANAGED U.S. SMALL CAP PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ---------- COMMON STOCKS -- (82.2%) Consumer Discretionary -- (14.2%) * 1-800-Flowers.com, Inc. Class A.................... 68,093 $ 537,254 # Aaron's, Inc....................................... 87,232 2,761,765 # Abercrombie & Fitch Co. Class A.................... 73,442 1,874,240 #* Aeropostale, Inc................................... 4,700 11,468 AH Belo Corp. Class A.............................. 49,683 448,141 * Ambassadors Group, Inc............................. 13,635 34,360 AMCON Distributing Co.............................. 300 24,375 #* America's Car-Mart, Inc............................ 25,524 1,355,580 * American Axle & Manufacturing Holdings, Inc........ 117,566 2,862,732 # American Eagle Outfitters, Inc..................... 223,764 3,141,647 #* American Public Education, Inc..................... 25,925 870,302 * ANN, Inc........................................... 51,700 1,711,270 * Apollo Education Group, Inc. Class A............... 51,056 1,289,675 Arctic Cat, Inc.................................... 28,530 959,179 Ark Restaurants Corp............................... 4,323 106,476 * Asbury Automotive Group, Inc....................... 46,541 3,453,808 * Ascena Retail Group, Inc........................... 52,390 605,628 * Ascent Capital Group, Inc. Class A................. 17,613 745,206 * Ballantyne Strong, Inc............................. 19,505 79,775 * Barnes & Noble, Inc................................ 110,319 2,591,393 Bassett Furniture Industries, Inc.................. 26,661 592,407 Beasley Broadcast Group, Inc. Class A.............. 15,564 81,244 * Beazer Homes USA, Inc.............................. 25,896 409,157 # bebe stores, Inc................................... 106,920 382,774 * Belmond, Ltd. Class A.............................. 127,967 1,406,357 Big 5 Sporting Goods Corp.......................... 33,305 396,663 # Big Lots, Inc...................................... 87,036 3,995,823 * Biglari Holdings, Inc.............................. 4,021 1,664,573 * BJ's Restaurants, Inc.............................. 43,479 1,925,685 * Bloomin' Brands, Inc............................... 15,000 370,725 #* Blue Nile, Inc..................................... 18,622 578,772 Bob Evans Farms, Inc............................... 44,644 2,516,582 # Bon-Ton Stores, Inc. (The)......................... 33,773 185,076 * Books-A-Million, Inc............................... 11,787 29,703 Bowl America, Inc. Class A......................... 1,400 20,300 #* Boyd Gaming Corp................................... 69,502 907,696 * Bravo Brio Restaurant Group, Inc................... 24,571 323,109 #* Bridgepoint Education, Inc......................... 32,341 319,206 * Bright Horizons Family Solutions, Inc.............. 14,860 721,453 Brinker International, Inc......................... 15,094 881,942 Brown Shoe Co., Inc................................ 83,797 2,378,997 Brunswick Corp..................................... 30,204 1,639,473 # Buckle, Inc. (The)................................. 31,524 1,601,104 #* Buffalo Wild Wings, Inc............................ 19,661 3,505,950 * Build-A-Bear Workshop, Inc......................... 39,037 804,943 #* Cabela's, Inc...................................... 47,958 2,635,292 # Callaway Golf Co................................... 182,682 1,490,685 * Cambium Learning Group, Inc........................ 18,289 45,905 * Canterbury Park Holding Corp....................... 6,569 66,018 Capella Education Co............................... 21,869 1,486,873 * Career Education Corp.............................. 99,125 553,118 1315 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * Carmike Cinemas, Inc............................... 41,491 $1,148,056 Carriage Services, Inc............................. 46,003 1,002,865 * Carrols Restaurant Group, Inc...................... 65,150 518,594 Carter's, Inc...................................... 2,659 216,682 Cato Corp. (The) Class A........................... 41,953 1,778,807 * Cavco Industries, Inc.............................. 15,402 1,132,201 #* Central European Media Enterprises, Ltd. Class A... 10,557 27,448 #* Charles & Colvard, Ltd............................. 19,124 34,423 # Cheesecake Factory, Inc. (The)..................... 62,563 3,285,183 Cherokee, Inc...................................... 16,547 300,824 Chico's FAS, Inc................................... 240,576 4,012,808 Children's Place, Inc. (The)....................... 29,165 1,748,442 Choice Hotels International, Inc................... 39,543 2,271,745 * Christopher & Banks Corp........................... 49,101 255,816 Churchill Downs, Inc............................... 21,618 2,053,494 #* Chuy's Holdings, Inc............................... 15,037 321,341 * Cinedigm Corp...................................... 82,370 122,731 * Citi Trends, Inc................................... 25,734 589,051 Collectors Universe, Inc........................... 20,036 470,846 Columbia Sportswear Co............................. 39,503 1,678,878 #* Conn's, Inc........................................ 78,720 1,239,053 Cooper Tire & Rubber Co............................ 90,876 3,161,576 * Cooper-Standard Holding, Inc....................... 438 22,886 Core-Mark Holding Co., Inc......................... 57,794 3,853,704 # Cracker Barrel Old Country Store, Inc.............. 24,607 3,309,888 #* Crocs, Inc......................................... 132,567 1,405,210 * Crown Media Holdings, Inc. Class A................. 55,635 178,032 CSS Industries, Inc................................ 17,516 476,435 CST Brands, Inc.................................... 61,694 2,659,011 Culp, Inc.......................................... 35,956 722,356 #* Cumulus Media, Inc. Class A........................ 168,059 584,845 # Dana Holding Corp.................................. 100 2,087 #* Deckers Outdoor Corp............................... 39,785 2,627,799 * Del Frisco's Restaurant Group, Inc................. 21,552 427,376 * Delta Apparel, Inc................................. 4,288 39,664 * Denny's Corp....................................... 17,977 195,590 Destination Maternity Corp......................... 28,800 440,928 #* Destination XL Group, Inc.......................... 114,725 582,803 DeVry Education Group, Inc......................... 73,503 3,117,262 Dillard's, Inc. Class A............................ 24,816 2,819,098 DineEquity, Inc.................................... 22,844 2,438,597 #* Dixie Group, Inc. (The)............................ 17,430 140,834 Domino's Pizza, Inc................................ 20,546 2,035,081 #* Dorman Products, Inc............................... 58,084 2,656,181 * Dover Downs Gaming & Entertainment, Inc............ 1,165 1,046 Dover Motorsports, Inc............................. 26,237 69,266 #* DreamWorks Animation SKG, Inc. Class A............. 41,851 781,358 * Drew Industries, Inc............................... 44,007 2,212,672 DSW, Inc. Class A.................................. 69,646 2,476,612 Educational Development Corp....................... 2,842 11,737 * Eldorado Resorts, Inc.............................. 11,503 45,609 # Emerson Radio Corp................................. 37,654 39,160 #* Entercom Communications Corp. Class A.............. 35,561 411,441 1316 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) # Entravision Communications Corp. Class A........... 98,140 $ 605,524 Escalade, Inc...................................... 10,576 161,178 # Ethan Allen Interiors, Inc......................... 41,275 1,123,506 * EVINE Live, Inc.................................... 75,249 471,811 #* EW Scripps Co. (The) Class A....................... 100,095 1,974,874 * Express, Inc....................................... 41,522 543,108 #* Famous Dave's Of America, Inc...................... 19,657 595,017 * Federal-Mogul Holdings Corp........................ 20,884 282,561 * Fiesta Restaurant Group, Inc....................... 47,558 2,809,251 Finish Line, Inc. (The) Class A.................... 114,231 2,695,852 #* Five Below, Inc.................................... 14,081 469,179 Flanigan's Enterprises, Inc........................ 1,877 71,795 Flexsteel Industries, Inc.......................... 7,805 232,589 Fred's, Inc. Class A............................... 84,507 1,402,816 Frisch's Restaurants, Inc.......................... 5,471 151,547 #* FTD Cos., Inc...................................... 44,580 1,526,865 #* Fuel Systems Solutions, Inc........................ 19,313 207,422 * Full House Resorts, Inc............................ 18,649 25,549 #* G-III Apparel Group, Ltd........................... 41,439 4,027,871 * Gaiam, Inc. Class A................................ 34,103 249,634 * Gaming Partners International Corp................. 15,986 132,524 #* Geeknet, Inc....................................... 3,728 29,228 * Genesco, Inc....................................... 37,789 2,700,024 * Gentherm, Inc...................................... 72,886 2,680,747 #* Gordmans Stores, Inc............................... 9,387 34,732 * Grand Canyon Education, Inc........................ 42,916 1,880,579 * Gray Television, Inc............................... 134,064 1,268,245 * Gray Television, Inc. Class A...................... 912 6,840 Group 1 Automotive, Inc............................ 40,048 3,219,459 Guess?, Inc........................................ 31,631 594,030 Harte-Hanks, Inc................................... 84,200 612,134 Haverty Furniture Cos., Inc........................ 44,570 1,088,845 Haverty Furniture Cos., Inc. Class A............... 457 11,347 * Helen of Troy, Ltd................................. 45,519 3,423,939 #* hhgregg, Inc....................................... 36,066 198,002 #* Hibbett Sports, Inc................................ 25,429 1,196,180 Hooker Furniture Corp.............................. 14,992 270,456 # HSN, Inc........................................... 3,000 232,320 #* Iconix Brand Group, Inc............................ 102,033 3,391,577 International Speedway Corp. Class A............... 42,546 1,237,663 Interval Leisure Group, Inc........................ 48,477 1,118,849 #* iRobot Corp........................................ 33,172 1,046,577 * Isle of Capri Casinos, Inc......................... 36,409 372,828 Jack in the Box, Inc............................... 42,100 3,569,659 #* JAKKS Pacific, Inc................................. 14,297 86,068 #* Jamba, Inc......................................... 18,080 297,054 Johnson Outdoors, Inc. Class A..................... 16,903 507,090 * Journal Communications, Inc. Class A............... 106,741 1,072,747 * K12, Inc........................................... 32,352 460,045 #* Kate Spade & Co.................................... 58,753 1,852,482 # KB Home............................................ 96,431 1,201,530 * Kirkland's, Inc.................................... 46,173 1,074,446 * Kona Grill, Inc.................................... 12,523 294,291 1317 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Koss Corp.......................................... 735 $ 1,455 #* Krispy Kreme Doughnuts, Inc........................ 137,728 2,681,564 La-Z-Boy, Inc...................................... 116,492 3,109,171 * Lakeland Industries, Inc........................... 10,138 86,173 #* LeapFrog Enterprises, Inc.......................... 99,430 236,643 * Learning Tree International, Inc................... 21,151 42,091 #* Lee Enterprises, Inc............................... 13,957 41,173 Libbey, Inc........................................ 47,888 1,566,416 * Liberty Tax, Inc................................... 2,168 78,048 * Liberty Ventures Series A.......................... 14,926 557,486 #* Life Time Fitness, Inc............................. 63,944 3,495,819 # Lifetime Brands, Inc............................... 27,425 432,767 Lincoln Educational Services Corp.................. 20,057 52,148 Lithia Motors, Inc. Class A........................ 51,735 4,381,955 * Live Nation Entertainment, Inc..................... 101,740 2,418,360 * Loral Space & Communications, Inc.................. 16,665 1,198,380 * Luby's, Inc........................................ 63,661 310,666 #* Lumber Liquidators Holdings, Inc................... 29,224 1,845,496 * M/I Homes, Inc..................................... 52,243 1,078,296 * Madison Square Garden Co. (The) Class A............ 22,099 1,673,999 Marcus Corp. (The)................................. 41,404 780,879 Marine Products Corp............................... 57,093 412,782 #* MarineMax, Inc..................................... 56,073 1,430,422 Marriott Vacations Worldwide Corp.................. 40,211 3,076,142 #* Martha Stewart Living Omnimedia, Inc. Class A...... 48,330 224,251 * McClatchy Co. (The) Class A........................ 91,268 229,083 # MDC Holdings, Inc.................................. 59,311 1,482,775 #* Media General, Inc................................. 45,073 644,544 # Men's Wearhouse, Inc. (The)........................ 77,801 3,615,412 # Meredith Corp...................................... 48,831 2,542,142 * Meritage Homes Corp................................ 44,145 1,607,319 * Modine Manufacturing Co............................ 69,080 842,085 * Monarch Casino & Resort, Inc....................... 36,281 627,661 # Monro Muffler Brake, Inc........................... 32,229 1,841,565 * Motorcar Parts of America, Inc..................... 30,421 794,597 Movado Group, Inc.................................. 45,116 1,084,137 * Murphy USA, Inc.................................... 45,279 3,160,927 NACCO Industries, Inc. Class A..................... 14,400 792,720 * Nathan's Famous, Inc............................... 14,980 1,204,991 National CineMedia, Inc............................ 65,980 950,112 * Nautilus, Inc...................................... 79,994 1,139,115 * New York & Co., Inc................................ 86,828 199,704 # New York Times Co. (The) Class A................... 186,684 2,350,352 # Nexstar Broadcasting Group, Inc. Class A........... 38,798 1,935,826 * Nobility Homes, Inc................................ 2,012 18,913 # Nutrisystem, Inc................................... 46,469 828,078 * Office Depot, Inc.................................. 836,472 6,357,187 * Orbitz Worldwide, Inc.............................. 126,204 1,164,863 #* Outerwall, Inc..................................... 10,200 633,216 #* Overstock.com, Inc................................. 23,562 527,318 Oxford Industries, Inc............................. 25,607 1,432,456 #* Pacific Sunwear of California, Inc................. 52,595 144,636 Papa John's International, Inc..................... 45,840 2,909,006 1318 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) #* Penn National Gaming, Inc.......................... 63,987 $ 957,885 Penske Automotive Group, Inc....................... 41,933 2,027,461 * Pep Boys-Manny, Moe & Jack (The)................... 72,926 614,766 #* Perfumania Holdings, Inc........................... 8,879 50,122 * Perry Ellis International, Inc..................... 36,833 880,677 # PetMed Express, Inc................................ 50,778 797,215 # Pier 1 Imports, Inc................................ 103,627 1,741,970 #* Pinnacle Entertainment, Inc........................ 72,817 1,540,080 Pool Corp.......................................... 41,444 2,578,231 * Popeyes Louisiana Kitchen, Inc..................... 45,337 2,603,251 #* Quiksilver, Inc.................................... 98,168 183,574 * RCI Hospitality Holdings, Inc...................... 23,683 230,909 * Reading International, Inc. Class B................ 2,340 32,760 * Red Lion Hotels Corp............................... 18,308 117,537 * Red Robin Gourmet Burgers, Inc..................... 31,187 2,416,993 # Regal Entertainment Group Class A.................. 36,762 777,884 * Regis Corp......................................... 77,811 1,225,523 Rent-A-Center, Inc................................. 81,846 2,805,681 #* Rentrak Corp....................................... 21,108 1,623,838 Rocky Brands, Inc.................................. 17,635 241,776 #* Ruby Tuesday, Inc.................................. 121,476 731,286 Ruth's Hospitality Group, Inc...................... 83,996 1,219,622 # Ryland Group, Inc. (The)........................... 75,987 3,050,878 Saga Communications, Inc. Class A.................. 15,886 646,084 Salem Communications Corp. Class A................. 7,225 50,358 # Scholastic Corp.................................... 34,145 1,255,853 #* Scientific Games Corp. Class A..................... 88,145 1,040,992 SeaWorld Entertainment, Inc........................ 10,733 187,935 * Select Comfort Corp................................ 89,608 2,673,903 * Shiloh Industries, Inc............................. 48,090 588,141 Shoe Carnival, Inc................................. 48,652 1,129,699 #* Shutterfly, Inc.................................... 45,940 2,015,388 # Sinclair Broadcast Group, Inc. Class A............. 60,450 1,495,533 * Sizmek, Inc........................................ 37,948 226,170 #* Skechers U.S.A., Inc. Class A...................... 52,918 3,193,601 * Skullcandy, Inc.................................... 34,355 344,237 * Skyline Corp....................................... 11,206 42,023 Sonic Automotive, Inc. Class A..................... 52,805 1,300,587 Sonic Corp......................................... 128,846 3,900,168 # Sotheby's.......................................... 25,482 1,084,259 * Spanish Broadcasting System, Inc. Class A.......... 4,462 11,824 Spartan Motors, Inc................................ 49,138 256,009 Speedway Motorsports, Inc.......................... 46,260 1,031,135 Stage Stores, Inc.................................. 44,773 895,460 Standard Motor Products, Inc....................... 57,284 2,088,575 #* Standard Pacific Corp.............................. 189,748 1,332,031 * Stanley Furniture Co., Inc......................... 8,005 23,695 #* Starz.............................................. 81,601 2,408,862 Stein Mart, Inc.................................... 89,200 1,227,392 * Steiner Leisure, Ltd............................... 15,636 682,042 * Steven Madden, Ltd................................. 82,515 2,833,565 * Stoneridge, Inc.................................... 71,086 897,105 Strattec Security Corp............................. 5,703 359,289 1319 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) * Strayer Education, Inc............................. 7,825 $ 524,275 # Sturm Ruger & Co., Inc............................. 31,391 1,268,196 Superior Industries International, Inc............. 45,688 833,806 Superior Uniform Group, Inc........................ 9,036 342,916 Sypris Solutions, Inc.............................. 25,625 61,372 #* Systemax, Inc...................................... 69,101 903,150 Tandy Leather Factory, Inc......................... 22,365 190,997 #* Taylor Morrison Home Corp. Class A................. 5,145 91,427 * Tempur Sealy International, Inc.................... 16,600 913,498 * Tenneco, Inc....................................... 41,414 2,129,508 # Texas Roadhouse, Inc............................... 78,827 2,647,799 Thor Industries, Inc............................... 58,242 3,281,937 * Tile Shop Holdings, Inc............................ 4,897 39,764 Time, Inc.......................................... 21,628 541,565 * Tower International, Inc........................... 28,377 671,684 # Town Sports International Holdings, Inc............ 31,479 207,132 Trans World Entertainment Corp..................... 15,000 52,050 #* TRI Pointe Homes, Inc.............................. 77,300 1,107,709 #* Tuesday Morning Corp............................... 62,219 1,101,276 #* Tumi Holdings, Inc................................. 42,501 963,498 * Unifi, Inc......................................... 37,068 1,194,702 * Universal Electronics, Inc......................... 27,988 1,783,955 Universal Technical Institute, Inc................. 25,479 208,163 * US Auto Parts Network, Inc......................... 25,683 60,355 Vail Resorts, Inc.................................. 41,800 3,668,368 Value Line, Inc.................................... 4,536 68,811 #* Vitamin Shoppe, Inc................................ 36,181 1,529,371 * VOXX International Corp............................ 45,871 366,968 # Wendy's Co. (The).................................. 314,539 3,315,241 * West Marine, Inc................................... 48,991 587,892 Weyco Group, Inc................................... 10,423 281,629 * William Lyon Homes Class A......................... 9,358 178,551 # Winmark Corp....................................... 8,419 686,233 # Winnebago Industries, Inc.......................... 44,846 891,987 # Wolverine World Wide, Inc.......................... 139,368 3,923,209 * Zagg, Inc.......................................... 36,131 217,870 #* Zumiez, Inc........................................ 33,787 1,259,917 ------------ Total Consumer Discretionary........................... 354,369,734 ------------ Consumer Staples -- (3.5%) Alico, Inc......................................... 7,814 371,477 * Alliance One International, Inc.................... 92,217 96,828 Andersons, Inc. (The).............................. 40,636 1,827,807 # B&G Foods, Inc..................................... 65,317 1,949,059 #* Boston Beer Co., Inc. (The) Class A................ 8,600 2,704,872 #* Boulder Brands, Inc................................ 133,867 1,342,686 * Bridgford Foods Corp............................... 6,838 55,012 # Cal-Maine Foods, Inc............................... 51,528 1,806,056 Calavo Growers, Inc................................ 28,480 1,142,333 Casey's General Stores, Inc........................ 41,226 3,763,934 * CCA Industries, Inc................................ 12,833 44,915 * Central Garden and Pet Co.......................... 27,336 230,989 * Central Garden and Pet Co. Class A................. 76,906 699,845 1320 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Staples -- (Continued) #* Chefs' Warehouse, Inc. (The)....................... 8,251 $ 176,489 # Coca-Cola Bottling Co. Consolidated................ 12,876 1,255,925 #* Craft Brew Alliance, Inc........................... 43,879 522,160 * Darling Ingredients, Inc........................... 170,229 2,890,488 # Dean Foods Co...................................... 110,075 1,994,559 #* Diamond Foods, Inc................................. 19,820 487,176 * Farmer Bros. Co.................................... 26,804 801,708 Fresh Del Monte Produce, Inc....................... 91,010 3,060,666 Golden Enterprises, Inc............................ 3,061 10,989 #* Hain Celestial Group, Inc. (The)................... 57,852 3,052,850 Ingles Markets, Inc. Class A....................... 31,886 1,359,938 Inter Parfums, Inc................................. 63,168 1,588,675 * Inventure Foods, Inc............................... 8,870 90,208 J&J Snack Foods Corp............................... 22,863 2,243,317 John B. Sanfilippo & Son, Inc...................... 18,497 674,586 Lancaster Colony Corp.............................. 24,429 2,196,900 * Landec Corp........................................ 62,597 799,364 # Liberator Medical Holdings, Inc.................... 2,500 8,000 #* Lifeway Foods, Inc................................. 28,187 515,822 Limoneira Co....................................... 783 16,286 * Mannatech, Inc..................................... 2,043 38,204 #* Medifast, Inc...................................... 34,611 1,096,822 MGP Ingredients, Inc............................... 41,536 658,761 * National Beverage Corp............................. 81,150 1,764,201 * Natural Alternatives International, Inc............ 14,504 77,161 #* Natural Grocers by Vitamin Cottage, Inc............ 2,164 66,651 # Nu Skin Enterprises, Inc. Class A.................. 12,563 514,832 * Nutraceutical International Corp................... 26,269 513,296 Oil-Dri Corp. of America........................... 12,831 392,885 * Omega Protein Corp................................. 48,285 508,924 # Orchids Paper Products Co.......................... 9,921 270,546 * Pantry, Inc. (The)................................. 52,673 1,943,634 Pilgrim's Pride Corp............................... 96,209 2,612,074 #* Post Holdings, Inc................................. 46,420 2,193,345 # Pricesmart, Inc.................................... 28,537 2,333,756 * Revlon, Inc. Class A............................... 77,452 2,535,778 * Rite Aid Corp...................................... 13,864 96,771 Rocky Mountain Chocolate Factory, Inc.............. 12,843 174,023 # Sanderson Farms, Inc............................... 37,326 2,984,587 * Seaboard Corp...................................... 99 378,674 * Seneca Foods Corp. Class A......................... 21,308 551,451 * Seneca Foods Corp. Class B......................... 1,443 50,873 Snyder's-Lance, Inc................................ 81,431 2,368,828 SpartanNash Co..................................... 76,960 1,982,490 Spectrum Brands Holdings, Inc...................... 41,553 3,726,473 #* SUPERVALU, Inc..................................... 243,982 2,376,385 * Tofutti Brands, Inc................................ 7,749 41,070 # Tootsie Roll Industries, Inc....................... 33,977 1,059,743 * TreeHouse Foods, Inc............................... 43,568 3,951,618 #* United Natural Foods, Inc.......................... 11,925 921,564 # United-Guardian, Inc............................... 13,162 281,667 # Universal Corp..................................... 33,750 1,355,400 #* USANA Health Sciences, Inc......................... 26,952 2,642,374 1321 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) # Vector Group, Ltd.................................. 55,578 $ 1,243,836 Village Super Market, Inc. Class A................. 9,854 285,470 WD-40 Co........................................... 17,475 1,433,998 Weis Markets, Inc.................................. 31,449 1,441,308 * WhiteWave Foods Co. (The) Class A.................. 25,625 844,856 ----------- Total Consumer Staples................................. 87,496,248 ----------- Energy -- (3.1%) Adams Resources & Energy, Inc...................... 7,953 461,592 # Alon USA Energy, Inc............................... 82,924 1,001,722 #* Approach Resources, Inc............................ 40,853 256,148 # Atwood Oceanics, Inc............................... 10,748 307,178 * Barnwell Industries, Inc........................... 8,064 23,184 #* Basic Energy Services, Inc......................... 95,442 561,199 #* Bill Barrett Corp.................................. 55,509 566,192 #* Bonanza Creek Energy, Inc.......................... 61,461 1,602,903 # Bristow Group, Inc................................. 53,346 2,971,906 #* C&J Energy Services, Inc........................... 45,306 466,652 * Callon Petroleum Co................................ 85,955 468,455 # CARBO Ceramics, Inc................................ 18,738 614,232 * Carrizo Oil & Gas, Inc............................. 69,386 3,129,309 #* Clayton Williams Energy, Inc....................... 17,125 957,287 #* Clean Energy Fuels Corp............................ 76,036 317,070 #* Cloud Peak Energy, Inc............................. 46,104 313,046 # Comstock Resources, Inc............................ 66,676 269,371 #* Contango Oil & Gas Co.............................. 24,603 739,812 Dawson Geophysical Co.............................. 9,671 104,350 Delek US Holdings, Inc............................. 90,019 2,777,086 DHT Holdings, Inc.................................. 13,655 100,364 #* Emerald Oil, Inc................................... 65,274 53,721 # Energy XXI, Ltd.................................... 81,605 239,919 * ENGlobal Corp...................................... 52,936 95,285 EnLink Midstream LLC............................... 91,637 2,899,395 * Era Group, Inc..................................... 19,448 437,969 * Escalera Resources Co.............................. 11,117 4,901 Evolution Petroleum Corp........................... 16,274 119,614 Exterran Holdings, Inc............................. 96,024 2,603,211 * FieldPoint Petroleum Corp.......................... 10,805 19,557 * Forum Energy Technologies, Inc..................... 7,387 114,129 # GasLog, Ltd........................................ 57,317 1,002,474 * Gastar Exploration, Inc............................ 94,405 220,908 #* Geospace Technologies Corp......................... 17,664 423,583 # Green Plains, Inc.................................. 69,992 1,638,513 # Gulf Island Fabrication, Inc....................... 19,658 325,733 # Gulfmark Offshore, Inc. Class A.................... 39,237 774,146 * Gulfport Energy Corp............................... 12,319 474,158 #* Halcon Resources Corp.............................. 74,911 104,875 * Harvest Natural Resources, Inc..................... 38,926 24,418 * Helix Energy Solutions Group, Inc.................. 153,898 2,888,665 #* HKN, Inc........................................... 853 45,631 #* Hornbeck Offshore Services, Inc.................... 54,244 1,204,217 #* ION Geophysical Corp............................... 82,200 184,950 * Key Energy Services, Inc........................... 150,437 252,734 1322 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Energy -- (Continued) # LinnCo LLC......................................... 75,204 $ 776,857 #* Matador Resources Co............................... 81,267 1,752,117 * Matrix Service Co.................................. 65,962 1,266,470 #* McDermott International, Inc....................... 19,549 43,985 * Mexco Energy Corp.................................. 935 4,334 #* Miller Energy Resources, Inc....................... 2,439 2,854 * Mitcham Industries, Inc............................ 19,689 110,455 * Natural Gas Services Group, Inc.................... 27,719 559,647 * Newpark Resources, Inc............................. 152,274 1,315,647 #* Nordic American Offshore, Ltd...................... 113 1,271 # Nordic American Tankers, Ltd....................... 709 7,175 #* Northern Oil and Gas, Inc.......................... 62,319 391,363 #* Nuverra Environmental Solutions, Inc............... 11,334 25,275 #* Overseas Shipholding Group, Inc.................... 31,716 161,752 #* Pacific Drilling SA................................ 2,056 6,846 # Panhandle Oil and Gas, Inc. Class A................ 29,766 623,300 * Parker Drilling Co................................. 200,975 544,642 PBF Energy, Inc. Class A........................... 107,001 3,006,728 * PDC Energy, Inc.................................... 41,405 1,902,146 #* Penn Virginia Corp................................. 112,696 549,956 * PetroQuest Energy, Inc............................. 103,501 303,258 * PHI, Inc. Non-Voting............................... 28,808 985,522 * PHI, Inc. Voting................................... 200 6,856 * Pioneer Energy Services Corp....................... 125,502 519,578 #* Renewable Energy Group, Inc........................ 39,443 344,732 #* REX American Resources Corp........................ 18,425 1,022,772 #* Rex Energy Corp.................................... 90,949 321,959 #* RigNet, Inc........................................ 10,885 372,485 #* Rosetta Resources, Inc............................. 11,503 196,356 # RPC, Inc........................................... 43,285 539,764 # Scorpio Tankers, Inc............................... 211,402 1,663,734 #* SEACOR Holdings, Inc............................... 37,221 2,678,051 SemGroup Corp. Class A............................. 47,241 3,180,737 #* Seventy Seven Energy, Inc.......................... 648 2,560 # Ship Finance International, Ltd.................... 79,086 1,098,505 #* Stone Energy Corp.................................. 76,866 1,082,273 #* Swift Energy Co.................................... 34,800 74,124 #* Synergy Resources Corp............................. 131,368 1,606,631 #* Synthesis Energy Systems, Inc...................... 570 403 Targa Resources Corp............................... 6,484 563,006 # Tesco Corp......................................... 31,808 325,714 * TETRA Technologies, Inc............................ 98,595 487,059 * TGC Industries, Inc................................ 24,537 49,074 # Tidewater, Inc..................................... 22,203 649,660 #* Triangle Petroleum Corp............................ 115,958 608,779 * Unit Corp.......................................... 14,570 433,895 #* Uranium Energy Corp................................ 14,078 17,879 # US Silica Holdings, Inc............................ 32,325 814,590 * Vaalco Energy, Inc................................. 126,773 702,322 # W&T Offshore, Inc.................................. 74,271 375,811 * Warren Resources, Inc.............................. 143,044 150,196 Western Refining, Inc.............................. 181,222 6,728,773 * Westmoreland Coal Co............................... 19,335 504,257 1323 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) * Willbros Group, Inc................................ 75,495 $ 421,262 World Fuel Services Corp........................... 10,400 509,288 * Yuma Energy, Inc................................... 12,084 20,059 ----------- Total Energy........................................... 76,576,508 ----------- Financials -- (16.0%) * 1st Constitution Bancorp........................... 155 1,705 1st Source Corp.................................... 50,617 1,504,843 Access National Corp............................... 6,930 123,770 Alexander & Baldwin, Inc........................... 66,185 2,532,238 Alliance Bancorp, Inc. of Pennsylvania............. 1,066 18,612 #* Altisource Asset Management Corp................... 2,193 350,880 #* Altisource Portfolio Solutions SA.................. 21,934 444,822 * Ambac Financial Group, Inc......................... 47,265 1,155,629 American Equity Investment Life Holding Co......... 116,240 2,965,282 * American Independence Corp......................... 1,081 11,988 # American National Bankshares, Inc.................. 4,012 86,338 American National Insurance Co..................... 227 23,617 * American River Bankshares.......................... 1,668 16,480 Ameris Bancorp..................................... 57,520 1,387,958 AMERISAFE, Inc..................................... 45,008 1,831,826 # AmeriServ Financial, Inc........................... 63,591 190,137 # Amtrust Financial Services, Inc.................... 80,469 4,073,341 Argo Group International Holdings, Ltd............. 43,259 2,313,924 Arrow Financial Corp............................... 29,492 754,110 Aspen Insurance Holdings, Ltd...................... 82,988 3,595,040 # Associated Banc-Corp............................... 204,917 3,444,655 * Asta Funding, Inc.................................. 33,832 287,234 Astoria Financial Corp............................. 143,982 1,760,900 Atlantic American Corp............................. 4,900 19,551 * Atlanticus Holdings Corp........................... 19,846 50,806 Auburn National Bancorporation, Inc................ 300 7,050 * AV Homes, Inc...................................... 10,692 160,273 Baldwin & Lyons, Inc. Class A...................... 550 13,007 Baldwin & Lyons, Inc. Class B...................... 18,873 435,966 # Banc of California, Inc............................ 12,026 123,266 Bancfirst Corp..................................... 21,645 1,248,051 Bancorp of New Jersey, Inc......................... 159 1,717 #* Bancorp, Inc. (The)................................ 75,779 645,637 BancorpSouth, Inc.................................. 163,048 3,236,503 Bank Mutual Corp................................... 24,777 157,829 Bank of Commerce Holdings.......................... 400 2,280 # Bank of Hawaii Corp................................ 58,229 3,287,609 Bank of Kentucky Financial Corp (The).............. 2,075 92,213 # Bank of the Ozarks, Inc............................ 93,257 3,024,324 BankFinancial Corp................................. 30,672 346,900 Banner Corp........................................ 47,446 1,915,869 Bar Harbor Bankshares.............................. 6,345 194,791 BBCN Bancorp, Inc.................................. 137,841 1,785,041 * BBX Capital Corp. Class A.......................... 846 11,962 BCB Bancorp, Inc................................... 3,171 36,815 * Bear State Financial, Inc.......................... 439 4,750 * Beneficial Bancorp, Inc............................ 92,652 999,715 1324 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Berkshire Bancorp, Inc............................. 150 $ 1,290 Berkshire Hills Bancorp, Inc....................... 33,097 824,115 BGC Partners, Inc. Class A......................... 183,895 1,439,898 #* BofI Holding, Inc.................................. 26,229 2,212,678 Boston Private Financial Holdings, Inc............. 191,899 2,110,889 Bridge Bancorp, Inc................................ 2,572 63,477 * Bridge Capital Holdings............................ 5,327 116,395 Brookline Bancorp, Inc............................. 132,821 1,275,082 Bryn Mawr Bank Corp................................ 27,745 808,767 C&F Financial Corp................................. 679 23,962 Calamos Asset Management, Inc. Class A............. 35,625 447,094 California First National Bancorp.................. 3,097 42,739 Camden National Corp............................... 12,872 478,324 * Capital Bank Financial Corp. Class A............... 2,700 65,934 Capital City Bank Group, Inc....................... 11,468 172,020 * Capital Properties, Inc. Class A................... 550 6,385 Capitol Federal Financial, Inc..................... 196,377 2,446,857 Cardinal Financial Corp............................ 72,600 1,293,006 * Cascade Bancorp.................................... 63,778 294,654 Cash America International, Inc.................... 34,108 709,446 Cathay General Bancorp............................. 161,692 3,862,822 Centerstate Banks, Inc............................. 29,830 328,428 Central Pacific Financial Corp..................... 20,663 433,510 Century Bancorp, Inc. Class A...................... 1,209 46,885 Chemical Financial Corp............................ 38,762 1,099,290 Chicopee Bancorp, Inc.............................. 2,287 37,644 Citizens Community Bancorp, Inc.................... 17,782 162,083 Citizens Holding Co................................ 592 11,023 #* Citizens, Inc...................................... 109,700 792,034 # City Holding Co.................................... 36,845 1,559,649 CKX Lands, Inc..................................... 702 10,572 Clifton Bancorp, Inc............................... 53,560 710,206 CNB Financial Corp................................. 10,688 181,696 CNO Financial Group, Inc........................... 336,171 5,217,374 CoBiz Financial, Inc............................... 90,061 981,665 Codorus Valley Bancorp, Inc........................ 1,739 34,902 # Cohen & Steers, Inc................................ 4,311 181,407 * Colonial Financial Services, Inc................... 4,279 56,718 * Colony Bankcorp, Inc............................... 1,629 12,152 Columbia Banking System, Inc....................... 74,289 1,889,169 Commercial National Financial Corp................. 700 15,505 Community Bank Shares of Indiana, Inc.............. 23 621 # Community Bank System, Inc......................... 55,141 1,854,392 Community Trust Bancorp, Inc....................... 42,011 1,326,707 Community West Bancshares.......................... 1,200 8,100 ConnectOne Bancorp, Inc............................ 37,010 680,984 # Consolidated-Tomoka Land Co........................ 13,475 735,061 * Consumer Portfolio Services, Inc................... 17,488 97,933 * Cowen Group, Inc. Class A.......................... 226,061 940,414 Crawford & Co. Class A............................. 62,652 485,553 # Crawford & Co. Class B............................. 49,714 464,826 #* Credit Acceptance Corp............................. 14,906 2,349,782 #* Customers Bancorp, Inc............................. 2,720 53,448 1325 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # CVB Financial Corp................................. 140,486 $2,052,500 # Diamond Hill Investment Group, Inc................. 6,604 858,916 Dime Community Bancshares, Inc..................... 76,658 1,131,472 Donegal Group, Inc. Class A........................ 44,879 717,615 Donegal Group, Inc. Class B........................ 870 20,293 * Doral Financial Corp............................... 79 228 East West Bancorp, Inc............................. 4,719 170,733 * Eastern Virginia Bankshares, Inc................... 822 5,137 #* eHealth, Inc....................................... 44,212 452,731 EMC Insurance Group, Inc........................... 28,550 921,023 Employers Holdings, Inc............................ 54,960 1,143,168 #* Encore Capital Group, Inc.......................... 47,727 1,776,399 Endurance Specialty Holdings, Ltd.................. 68,446 4,183,419 * Enova International, Inc........................... 30,741 591,764 * Enstar Group, Ltd.................................. 15,661 2,113,765 # Enterprise Bancorp, Inc............................ 2,244 45,890 Enterprise Financial Services Corp................. 37,667 719,816 ESB Financial Corp................................. 7,246 121,081 ESSA Bancorp, Inc.................................. 12,667 153,904 Evans Bancorp, Inc................................. 1,635 38,668 # EverBank Financial Corp............................ 66,612 1,162,379 Evercore Partners, Inc. Class A.................... 39,579 1,894,647 #* Ezcorp, Inc. Class A............................... 47,103 485,632 FBL Financial Group, Inc. Class A.................. 40,672 2,122,672 Federal Agricultural Mortgage Corp. Class A........ 1,115 25,366 Federal Agricultural Mortgage Corp. Class C........ 23,362 643,623 # Federated Investors, Inc. Class B.................. 65,759 2,078,642 Federated National Holding Co...................... 21,736 632,735 Fidelity Southern Corp............................. 17,606 269,196 Financial Institutions, Inc........................ 26,721 588,664 * First Acceptance Corp.............................. 122,214 284,759 # First American Financial Corp...................... 128,060 4,356,601 First Bancorp, Inc................................. 4,470 74,113 * First BanCorp.(318672706).......................... 58,332 320,243 First Bancorp.(318910106).......................... 19,175 318,305 * First Bancshares, Inc.............................. 400 2,816 First Bancshares, Inc. (The)....................... 300 4,185 First Busey Corp................................... 149,485 920,828 First Business Financial Services, Inc............. 700 30,639 * First Cash Financial Services, Inc................. 34,162 1,698,535 First Citizens BancShares, Inc. Class A............ 3,556 867,842 First Commonwealth Financial Corp.................. 160,104 1,263,221 First Community Bancshares, Inc.................... 37,579 589,614 First Connecticut Bancorp Inc/Farmington........... 1,466 21,623 First Defiance Financial Corp...................... 24,297 740,087 First Federal of Northern Michigan Bancorp, Inc.... 2,000 11,660 First Financial Bancorp............................ 88,542 1,462,714 # First Financial Bankshares, Inc.................... 62,558 1,545,183 First Financial Corp............................... 32,291 1,046,551 First Financial Northwest, Inc..................... 33,971 407,312 # First Horizon National Corp........................ 276,895 3,596,866 First Interstate Bancsystem, Inc................... 19,219 459,334 #* First Marblehead Corp. (The)....................... 3,034 17,628 1326 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) First Merchants Corp............................... 71,810 $1,568,330 First Midwest Bancorp, Inc......................... 110,761 1,705,719 * First NBC Bank Holding Co.......................... 1,434 44,397 First Niagara Financial Group, Inc................. 185,748 1,508,274 First South Bancorp, Inc........................... 4,756 37,810 * First United Corp.................................. 1,700 14,433 # First West Virginia Bancorp........................ 449 9,847 FirstMerit Corp.................................... 140,178 2,296,817 * Flagstar Bancorp, Inc.............................. 40,657 577,736 Flushing Financial Corp............................ 75,448 1,365,609 FNB Corp........................................... 234,818 2,817,816 FNF Group.......................................... 12,457 437,241 * Forestar Group, Inc................................ 56,619 751,334 Fox Chase Bancorp, Inc............................. 33,410 542,578 #* FRP Holdings, Inc.................................. 15,659 566,856 Fulton Financial Corp.............................. 275,327 3,069,896 # FXCM, Inc. Class A................................. 37,483 82,463 Gain Capital Holdings, Inc......................... 20,504 167,108 GAMCO Investors, Inc. Class A...................... 4,608 376,243 # German American Bancorp, Inc....................... 29,938 838,264 GFI Group, Inc..................................... 140,472 788,048 Glacier Bancorp, Inc............................... 95,367 2,123,823 * Global Indemnity P.L.C............................. 23,251 610,106 Great Southern Bancorp, Inc........................ 30,592 1,104,983 * Green Dot Corp. Class A............................ 60,724 926,041 # Greenhill & Co., Inc............................... 28,731 1,059,599 * Greenlight Capital Re, Ltd. Class A................ 40,163 1,261,520 Griffin Land & Nurseries, Inc...................... 3,886 115,181 Guaranty Bancorp................................... 7,188 96,175 Guaranty Federal Bancshares, Inc................... 2,022 29,824 * Hallmark Financial Services, Inc................... 40,943 452,011 Hampden Bancorp, Inc............................... 7,411 148,887 Hancock Holding Co................................. 57,282 1,495,633 Hanmi Financial Corp............................... 80,861 1,605,899 Hanover Insurance Group, Inc. (The)................ 60,958 4,206,102 Harleysville Savings Financial Corp................ 101 1,798 Hawthorn Bancshares, Inc........................... 1,808 25,728 # HCI Group, Inc..................................... 32,112 1,483,896 Heartland Financial USA, Inc....................... 35,926 992,276 Heritage Commerce Corp............................. 28,037 234,389 Heritage Financial Corp............................ 35,011 543,371 Heritage Financial Group, Inc...................... 22,052 528,586 HF Financial Corp.................................. 2,659 38,316 HFF, Inc. Class A.................................. 61,259 2,080,968 * Hilltop Holdings, Inc.............................. 133,115 2,416,037 Hingham Institution for Savings.................... 559 49,192 * HMN Financial, Inc................................. 2,746 33,611 Home Bancorp, Inc.................................. 1,082 23,674 Home BancShares, Inc............................... 89,169 2,641,186 HomeStreet, Inc.................................... 827 14,605 * HomeTrust Bancshares, Inc.......................... 673 10,398 HopFed Bancorp, Inc................................ 6,388 84,385 Horace Mann Educators Corp......................... 77,779 2,369,926 1327 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # Horizon Bancorp.................................... 1,881 $ 42,097 Hudson Valley Holding Corp......................... 7,989 197,089 Iberiabank Corp.................................... 51,560 2,815,692 #* Imperial Holdings, Inc............................. 1,300 7,722 Independence Holding Co............................ 17,405 221,218 # Independent Bank Corp.(453836108).................. 40,943 1,548,874 Independent Bank Corp.(453838609).................. 21,971 270,243 # Independent Bank Group, Inc........................ 908 28,339 Infinity Property & Casualty Corp.................. 17,124 1,203,303 Interactive Brokers Group, Inc. Class A............ 77,593 2,376,674 International Bancshares Corp...................... 76,828 1,729,398 Intervest Bancshares Corp. Class A................. 12,149 119,668 #* INTL. FCStone, Inc................................. 33,417 644,280 * Investment Technology Group, Inc................... 50,219 1,042,044 Investors Bancorp, Inc............................. 415,530 4,574,985 Investors Title Co................................. 1,371 98,356 # Janus Capital Group, Inc........................... 211,524 3,710,131 JMP Group, Inc..................................... 25,358 193,482 * KCG Holdings, Inc. Class A......................... 19,387 237,103 #* Kearny Financial Corp.............................. 60,876 791,388 Kemper Corp........................................ 78,901 2,754,434 Kennedy-Wilson Holdings, Inc....................... 44,759 1,190,142 Kentucky First Federal Bancorp..................... 3,402 27,964 #* Ladenburg Thalmann Financial Services, Inc......... 34,417 131,129 Lake Shore Bancorp, Inc............................ 338 4,436 Lakeland Bancorp, Inc.............................. 73,196 789,785 Lakeland Financial Corp............................ 40,295 1,520,733 Landmark Bancorp, Inc.............................. 2,583 54,243 LegacyTexas Financial Group, Inc................... 85,389 1,692,410 * LendingTree, Inc................................... 16,526 680,541 LNB Bancorp, Inc................................... 12,718 221,293 Louisiana Bancorp, Inc............................. 8,396 179,339 # Macatawa Bank Corp................................. 45,865 241,709 * Magyar Bancorp, Inc................................ 809 6,715 # Maiden Holdings, Ltd............................... 83,288 1,041,100 MainSource Financial Group, Inc.................... 45,181 867,475 Manning & Napier, Inc.............................. 6,306 67,537 MarketAxess Holdings, Inc.......................... 48,452 3,680,898 Marlin Business Services Corp...................... 30,089 482,928 # MB Financial, Inc.................................. 108,343 3,078,025 * MBIA, Inc.......................................... 212,234 1,702,117 * MBT Financial Corp................................. 3,037 15,580 Meadowbrook Insurance Group, Inc................... 70,607 586,038 Mercantile Bank Corp............................... 12,831 243,789 Merchants Bancshares, Inc.......................... 14,947 400,131 Mercury General Corp............................... 38,415 2,195,417 * Meridian Bancorp, Inc.............................. 83,747 972,303 Meta Financial Group, Inc.......................... 3,461 115,840 * Metro Bancorp, Inc................................. 33,582 854,998 #* MGIC Investment Corp............................... 216,764 1,846,829 Mid Penn Bancorp, Inc.............................. 531 8,230 # MidSouth Bancorp, Inc.............................. 18,736 261,180 MidWestOne Financial Group, Inc.................... 4,319 121,018 1328 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # Montpelier Re Holdings, Ltd........................ 85,084 $2,989,001 MutualFirst Financial, Inc......................... 5,459 119,497 National Bank Holdings Corp. Class A............... 3,137 57,878 # National Interstate Corp........................... 37,492 966,169 National Penn Bancshares, Inc...................... 224,880 2,181,336 National Security Group, Inc. (The)................ 1,000 13,250 National Western Life Insurance Co. Class A........ 1,800 429,102 #* Nationstar Mortgage Holdings, Inc.................. 658 16,917 * Naugatuck Valley Financial Corp.................... 99 858 * Navigators Group, Inc. (The)....................... 20,522 1,523,143 NBT Bancorp, Inc................................... 51,364 1,181,886 Nelnet, Inc. Class A............................... 59,149 2,587,177 # New Hampshire Thrift Bancshares, Inc............... 2,734 41,475 * NewBridge Bancorp.................................. 19,281 151,163 #* NewStar Financial, Inc............................. 112,087 1,184,760 Northeast Bancorp.................................. 38 342 Northeast Community Bancorp, Inc................... 33,757 234,274 # Northfield Bancorp, Inc............................ 78,040 1,123,776 Northrim BanCorp, Inc.............................. 6,560 135,989 Northwest Bancshares, Inc.......................... 164,679 1,943,212 # Norwood Financial Corp............................. 633 18,952 Ocean Shore Holding Co............................. 205 2,897 # OceanFirst Financial Corp.......................... 42,221 683,980 OFG Bancorp........................................ 97,917 1,576,464 Ohio Valley Banc Corp.............................. 600 14,400 Old Line Bancshares, Inc........................... 391 5,646 Old National Bancorp............................... 142,625 1,912,601 * Old Second Bancorp, Inc............................ 7,253 39,456 OneBeacon Insurance Group, Ltd. Class A............ 39,102 618,203 Oppenheimer Holdings, Inc. Class A................. 6,415 126,696 Oritani Financial Corp............................. 82,720 1,167,179 Pacific Continental Corp........................... 40,343 509,936 * Pacific Mercantile Bancorp......................... 22,505 154,159 #* Pacific Premier Bancorp, Inc....................... 4,916 73,052 # PacWest Bancorp.................................... 131,887 5,638,829 # Park National Corp................................. 15,289 1,229,388 Park Sterling Corp................................. 45,291 303,450 * Patriot National Bancorp, Inc...................... 498 857 Peapack Gladstone Financial Corp................... 10,659 190,050 # Penns Woods Bancorp, Inc........................... 3,062 135,983 Peoples Bancorp of North Carolina, Inc............. 986 17,778 # Peoples Bancorp, Inc............................... 23,072 527,195 #* PHH Corp........................................... 80,730 2,013,406 * Phoenix Cos., Inc. (The)........................... 11,042 684,935 * PICO Holdings, Inc................................. 43,802 700,394 Pinnacle Financial Partners, Inc................... 76,811 2,760,587 * Piper Jaffray Cos.................................. 17,595 898,225 Platinum Underwriters Holdings, Ltd................ 54,370 4,014,137 * Popular, Inc....................................... 28,827 888,736 #* PRA Group, Inc..................................... 66,528 3,294,467 Preferred Bank..................................... 6,676 174,310 Premier Financial Bancorp, Inc..................... 7,377 109,401 Primerica, Inc..................................... 81,356 4,038,512 1329 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) PrivateBancorp, Inc................................ 101,584 $3,082,059 ProAssurance Corp.................................. 17,869 792,848 Prosperity Bancshares, Inc......................... 20,321 930,499 Provident Financial Holdings, Inc.................. 6,455 100,182 Provident Financial Services, Inc.................. 81,539 1,415,517 Prudential Bancorp, Inc............................ 1,605 19,533 Pulaski Financial Corp............................. 11,864 141,182 Pzena Investment Management, Inc. Class A.......... 12,169 98,934 QC Holdings, Inc................................... 11,794 19,991 # Radian Group, Inc.................................. 324,032 5,106,744 # RCS Capital Corp. Class A.......................... 488 4,602 Renasant Corp...................................... 58,671 1,534,833 # Republic Bancorp, Inc. Class A..................... 38,176 870,031 * Republic First Bancorp, Inc........................ 14,584 50,023 Resource America, Inc. Class A..................... 31,041 272,850 * Riverview Bancorp, Inc............................. 8,195 36,058 RLI Corp........................................... 58,368 2,738,043 * Royal Bancshares of Pennsylvania, Inc. Class A..... 11,622 20,920 S&T Bancorp, Inc................................... 61,185 1,681,976 #* Safeguard Scientifics, Inc......................... 49,475 906,877 Safety Insurance Group, Inc........................ 30,678 1,900,502 # Salisbury Bancorp, Inc............................. 276 7,535 Sandy Spring Bancorp, Inc.......................... 56,056 1,386,265 * Seacoast Banking Corp. of Florida.................. 10,435 132,107 * Security National Financial Corp. Class A.......... 3,016 17,913 * Select Bancorp, Inc................................ 1,478 10,597 Selective Insurance Group, Inc..................... 77,245 1,994,466 * Shore Bancshares, Inc.............................. 4,580 42,365 SI Financial Group, Inc............................ 34,659 381,596 * Siebert Financial Corp............................. 7,500 13,350 Sierra Bancorp..................................... 19,374 306,884 Simmons First National Corp. Class A............... 41,182 1,541,030 Simplicity Bancorp, Inc............................ 20,519 360,929 South State Corp................................... 46,032 2,748,571 * Southern First Bancshares, Inc..................... 2,435 42,612 Southern Missouri Bancorp, Inc..................... 400 14,800 # Southern National Bancorp of Virginia, Inc......... 342 3,813 Southside Bancshares, Inc.......................... 59,483 1,623,886 Southwest Bancorp, Inc............................. 39,688 605,639 Southwest Georgia Financial Corp................... 1,439 19,959 #* St Joe Co. (The)................................... 67,832 1,096,165 StanCorp Financial Group, Inc...................... 59,107 3,666,998 State Auto Financial Corp.......................... 33,371 734,162 Sterling Bancorp................................... 153,794 2,027,005 Stewart Information Services Corp.................. 40,101 1,435,616 * Stifel Financial Corp.............................. 65,436 3,085,307 Stock Yards Bancorp, Inc........................... 29,595 911,526 * Stratus Properties, Inc............................ 11,662 157,204 Suffolk Bancorp.................................... 18,310 421,130 Summit State Bank.................................. 800 10,728 * Sun Bancorp, Inc................................... 12,389 226,719 Susquehanna Bancshares, Inc........................ 282,820 3,566,360 Sussex Bancorp..................................... 1,111 11,110 1330 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) Symetra Financial Corp............................. 139,563 $ 2,834,525 Synovus Financial Corp............................. 47,535 1,224,977 TCF Financial Corp................................. 266,126 3,912,052 #* Tejon Ranch Co..................................... 36,061 887,822 Territorial Bancorp, Inc........................... 18,158 394,755 * Texas Capital Bancshares, Inc...................... 76,001 3,104,641 Timberland Bancorp, Inc............................ 8,251 86,635 # Tompkins Financial Corp............................ 26,611 1,364,346 # Towne Bank......................................... 41,145 597,014 Trico Bancshares................................... 34,752 811,459 TrustCo Bank Corp.................................. 211,333 1,358,871 # Trustmark Corp..................................... 97,401 2,080,485 UMB Financial Corp................................. 56,751 2,753,559 Umpqua Holdings Corp............................... 151,578 2,350,975 * Unico American Corp................................ 4,300 50,976 Union Bankshares Corp.............................. 92,172 1,843,440 United Bancshares, Inc............................. 110 1,595 # United Bankshares, Inc............................. 92,627 3,131,719 United Community Banks, Inc........................ 73,876 1,293,569 # United Community Financial Corp.................... 8,561 46,229 United Financial Bancorp, Inc...................... 147,770 1,838,259 United Fire Group, Inc............................. 35,030 978,738 * United Security Bancshares......................... 6,638 34,252 Unity Bancorp, Inc................................. 6,362 58,276 # Universal Insurance Holdings, Inc.................. 95,055 2,208,128 Univest Corp. of Pennsylvania...................... 16,021 296,709 Validus Holdings, Ltd.............................. 8,280 328,302 # Valley National Bancorp............................ 28,287 256,846 Virtus Investment Partners, Inc.................... 11,398 1,545,911 VSB Bancorp, Inc................................... 478 5,640 * Walker & Dunlop, Inc............................... 14,223 252,458 Washington Federal, Inc............................ 147,981 2,938,903 # Washington Trust Bancorp, Inc...................... 37,010 1,355,306 # Waterstone Financial, Inc.......................... 82,974 1,052,110 Wayne Savings Bancshares, Inc...................... 132 1,750 Webster Financial Corp............................. 144,207 4,402,640 WesBanco, Inc...................................... 63,066 1,903,332 West Bancorporation, Inc........................... 39,760 650,474 # Westamerica Bancorporation......................... 28,856 1,173,862 * Western Alliance Bancorp........................... 158,880 4,084,805 Westfield Financial, Inc........................... 26,275 189,180 Westwood Holdings Group, Inc....................... 14,454 852,641 Wilshire Bancorp, Inc.............................. 187,313 1,704,548 Wintrust Financial Corp............................ 63,948 2,779,820 # WisdomTree Investments, Inc........................ 58,451 1,018,216 #* World Acceptance Corp.............................. 21,517 1,580,424 WSFS Financial Corp................................ 4,870 359,698 WVS Financial Corp................................. 700 7,931 * Yadkin Financial Corp.............................. 3,738 71,246 ------------ Total Financials....................................... 399,352,961 ------------ Health Care -- (8.2%) # Abaxis, Inc........................................ 20,277 1,246,630 1331 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) #* Acadia Healthcare Co., Inc......................... 41,703 $2,408,348 #* Accuray, Inc....................................... 16,219 119,534 #* Achillion Pharmaceuticals, Inc..................... 23,259 345,396 #* Acorda Therapeutics, Inc........................... 28,629 1,189,535 #* Adcare Health Systems, Inc......................... 1,300 5,200 * Addus HomeCare Corp................................ 15,534 344,544 #* Advaxis, Inc....................................... 6,664 65,640 #* Affymetrix, Inc.................................... 186,852 2,062,846 #* Air Methods Corp................................... 68,832 2,859,970 #* Akorn, Inc......................................... 55,061 2,344,497 #* Albany Molecular Research, Inc..................... 84,130 1,373,843 * Alere, Inc......................................... 48,570 1,976,313 #* Align Technology, Inc.............................. 22,750 1,206,887 * Alkermes P.L.C..................................... 34,005 2,456,861 * Alliance HealthCare Services, Inc.................. 9,609 216,587 #* Allscripts Healthcare Solutions, Inc............... 193,855 2,308,813 * Almost Family, Inc................................. 16,204 491,953 #* Alnylam Pharmaceuticals, Inc....................... 7,532 706,728 * Alphatec Holdings, Inc............................. 98,371 125,915 #* AMAG Pharmaceuticals, Inc.......................... 18,629 823,216 * Amedisys, Inc...................................... 64,588 1,820,090 * AMN Healthcare Services, Inc....................... 86,819 1,633,934 * Amsurg Corp........................................ 52,329 2,887,514 #* Anacor Pharmaceuticals, Inc........................ 2,760 103,776 Analogic Corp...................................... 15,535 1,266,569 * AngioDynamics, Inc................................. 56,468 1,086,727 * Anika Therapeutics, Inc............................ 38,035 1,490,211 * Arrhythmia Research Technology, Inc................ 6,700 51,523 Atrion Corp........................................ 3,399 1,138,665 * Bio-Reference Laboratories, Inc.................... 30,365 1,018,138 #* BioDelivery Sciences International, Inc............ 12,124 158,824 #* BioScrip, Inc...................................... 139,617 802,798 * Biospecifics Technologies Corp..................... 2,434 95,754 * Biota Pharmaceuticals, Inc......................... 3,549 8,518 * BioTelemetry, Inc.................................. 58,535 578,326 #* Bovie Medical Corp................................. 24,077 84,270 * Brookdale Senior Living, Inc....................... 22,823 770,276 * Cambrex Corp....................................... 72,842 1,633,846 Cantel Medical Corp................................ 83,217 3,376,114 * Capital Senior Living Corp......................... 75,382 1,799,368 * Centene Corp....................................... 23,191 2,531,530 * Charles River Laboratories International, Inc...... 70,800 4,909,980 # Chemed Corp........................................ 23,330 2,359,596 * Community Health Systems, Inc...................... 963 45,328 # Computer Programs & Systems, Inc................... 20,294 999,682 CONMED Corp........................................ 45,317 2,158,902 * Corvel Corp........................................ 44,234 1,457,068 * Cross Country Healthcare, Inc...................... 48,718 498,385 CryoLife, Inc...................................... 75,867 854,262 #* Cumberland Pharmaceuticals, Inc.................... 43,160 250,760 * Cutera, Inc........................................ 35,410 470,953 * Cyberonics, Inc.................................... 27,950 1,553,181 * Cynosure, Inc. Class A............................. 45,467 1,374,013 1332 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) * Depomed, Inc....................................... 39,050 $ 713,444 Digirad Corp....................................... 38,425 159,464 #* Emergent Biosolutions, Inc......................... 55,196 1,547,144 * Endo International P.L.C........................... 7,357 585,722 Ensign Group, Inc. (The)........................... 37,116 1,540,314 * Enzo Biochem, Inc.................................. 71,883 226,431 * Exactech, Inc...................................... 29,065 604,261 #* ExamWorks Group, Inc............................... 36,009 1,330,893 * Five Star Quality Care, Inc........................ 74,801 260,307 * Genesis Healthcare, Inc............................ 35,657 295,953 * Gentiva Health Services, Inc....................... 78,104 1,516,780 #* Globus Medical, Inc. Class A....................... 47,062 1,109,722 * Greatbatch, Inc.................................... 61,421 2,982,604 * Haemonetics Corp................................... 52,936 2,096,266 #* Hanger, Inc........................................ 44,689 964,389 * Harvard Apparatus Regenerative Technology, Inc..... 17,118 55,634 * Harvard Bioscience, Inc............................ 68,472 356,739 * Health Net, Inc.................................... 96,107 5,206,116 HealthSouth Corp................................... 17,975 792,698 * HealthStream, Inc.................................. 59,755 1,688,676 * Healthways, Inc.................................... 72,925 1,503,713 Hill-Rom Holdings, Inc............................. 87,296 4,169,257 #* HMS Holdings Corp.................................. 44,560 881,620 * Hyperion Therapeutics, Inc......................... 2,730 69,069 * ICU Medical, Inc................................... 20,567 1,718,990 #* Idera Pharmaceuticals, Inc......................... 27,162 122,772 #* Impax Laboratories, Inc............................ 79,416 2,912,185 * Infinity Pharmaceuticals, Inc...................... 30,717 474,270 #* InfuSystems Holdings, Inc.......................... 3,700 10,212 * Insys Therapeutics, Inc............................ 17,000 812,260 * Integra LifeSciences Holdings Corp................. 37,346 2,080,919 Invacare Corp...................................... 47,943 702,365 #* IPC Healthcare, Inc................................ 22,782 919,482 #* Iridex Corp........................................ 4,666 42,227 #* Isis Pharmaceuticals, Inc.......................... 5,421 371,393 Kewaunee Scientific Corp........................... 2,000 35,880 Kindred Healthcare, Inc............................ 105,628 1,949,893 # Landauer, Inc...................................... 10,282 287,588 #* Lannett Co., Inc................................... 69,926 3,316,590 LeMaitre Vascular, Inc............................. 30,196 238,850 * LHC Group, Inc..................................... 30,542 907,708 * LifePoint Hospitals, Inc........................... 23,747 1,549,254 #* Ligand Pharmaceuticals, Inc. Class B............... 27,605 1,571,277 #* Luminex Corp....................................... 18,003 317,753 * Magellan Health, Inc............................... 41,264 2,480,792 #* Mallinckrodt P.L.C................................. 29,265 3,101,797 * Masimo Corp........................................ 37,662 961,134 * MedAssets, Inc..................................... 60,683 1,123,242 o* MedCath Corp....................................... 41,900 -- #* Medicines Co. (The)................................ 98,973 2,837,556 * MediciNova, Inc.................................... 10,669 40,329 * Merge Healthcare, Inc.............................. 13,929 51,537 # Meridian Bioscience, Inc........................... 16,654 288,114 1333 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) * Merit Medical Systems, Inc......................... 57,000 $ 873,810 * Misonix, Inc....................................... 1,809 24,186 #* Molina Healthcare, Inc............................. 72,840 3,708,284 * Momenta Pharmaceuticals, Inc....................... 3,105 33,441 * MWI Veterinary Supply, Inc......................... 14,870 2,820,393 #* Myriad Genetics, Inc............................... 58,920 2,204,786 # National Healthcare Corp........................... 22,690 1,428,789 # National Research Corp. Class A.................... 35,889 497,063 # National Research Corp. Class B.................... 5,881 203,189 * Natus Medical, Inc................................. 81,179 3,052,330 * Neogen Corp........................................ 29,435 1,356,953 #* NuVasive, Inc...................................... 52,223 2,418,969 * Omnicell, Inc...................................... 93,919 2,989,442 #* Opko Health, Inc................................... 219,971 2,668,248 * OraSure Technologies, Inc.......................... 59,769 549,277 * Orthofix International NV.......................... 15,301 466,681 # Owens & Minor, Inc................................. 83,196 2,847,799 #* Pacific Biosciences of California, Inc............. 18,778 150,975 * Pain Therapeutics, Inc............................. 18,903 37,239 Paratek Pharmaceuticals, Inc....................... 2,676 66,097 * PAREXEL International Corp......................... 71,310 4,347,058 #* PDI, Inc........................................... 33,451 52,184 # PDL BioPharma, Inc................................. 150,411 1,096,496 #* Pernix Therapeutics Holdings, Inc.................. 8,174 67,926 * PharMerica Corp.................................... 58,383 1,343,393 #* PhotoMedex, Inc.................................... 5,306 9,975 #* Pozen, Inc......................................... 61,368 424,053 * Prestige Brands Holdings, Inc...................... 110,081 3,771,375 * Progenics Pharmaceuticals, Inc..................... 37,511 224,316 * Providence Service Corp. (The)..................... 33,131 1,292,109 #* pSivida Corp....................................... 1,119 4,331 Quality Systems, Inc............................... 36,864 600,515 #* Quidel Corp........................................ 56,818 1,337,496 * RadNet, Inc........................................ 72,814 574,502 * Receptos, Inc...................................... 1,133 124,823 #* Repligen Corp...................................... 80,227 1,948,714 * RTI Surgical, Inc.................................. 134,982 602,020 #* Sagent Pharmaceuticals, Inc........................ 19,713 506,033 * Sciclone Pharmaceuticals, Inc...................... 141,394 1,043,488 Select Medical Holdings Corp....................... 153,583 2,076,442 Span-America Medical Systems, Inc.................. 5,507 94,720 #* Spectrum Pharmaceuticals, Inc...................... 68,193 477,351 #* Staar Surgical Co.................................. 3,709 22,254 STERIS Corp........................................ 61,168 3,989,377 #* Sucampo Pharmaceuticals, Inc. Class A.............. 33,713 507,718 #* SurModics, Inc..................................... 42,438 972,679 * Symmetry Surgical, Inc............................. 21,650 155,880 * Targacept, Inc..................................... 12,973 32,562 * Team Health Holdings, Inc.......................... 30,007 1,551,362 * Thoratec Corp...................................... 41,004 1,471,634 * Tornier NV......................................... 28,135 680,023 * Triple-S Management Corp. Class B.................. 34,722 836,106 * Universal American Corp............................ 123,996 1,119,684 1334 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) US Physical Therapy, Inc........................... 29,093 $ 1,128,517 # Utah Medical Products, Inc......................... 8,858 502,160 * Vascular Solutions, Inc............................ 36,394 992,100 * VCA, Inc........................................... 94,753 4,936,631 #* WellCare Health Plans, Inc......................... 34,355 2,502,762 West Pharmaceutical Services, Inc.................. 57,166 2,818,855 * Wright Medical Group, Inc.......................... 50,337 1,228,726 #* XenoPort, Inc...................................... 5,806 48,364 ------------ Total Health Care...................................... 203,746,387 ------------ Industrials -- (14.5%) # AAON, Inc.......................................... 102,100 2,226,801 AAR Corp........................................... 61,984 1,776,461 ABM Industries, Inc................................ 65,991 1,905,160 Acacia Research Corp............................... 40,041 501,313 * ACCO Brands Corp................................... 85,109 674,063 * Accuride Corp...................................... 35,001 154,004 Aceto Corp......................................... 70,011 1,358,213 Acme United Corp................................... 9,349 177,631 Actuant Corp. Class A.............................. 106,448 2,460,013 #* Adept Technology, Inc.............................. 19,544 181,759 #* Advisory Board Co. (The)........................... 38,826 1,820,163 * Aegion Corp........................................ 68,967 1,056,574 * AeroCentury Corp................................... 761 6,164 * Aerovironment, Inc................................. 56,051 1,434,345 * Air Transport Services Group, Inc.................. 123,338 1,027,406 Alamo Group, Inc................................... 26,675 1,201,709 Alaska Air Group, Inc.............................. 71,514 4,853,655 Albany International Corp. Class A................. 37,992 1,296,667 # Allegiant Travel Co................................ 21,587 3,913,075 # Alliant Techsystems, Inc........................... 9,545 1,243,809 Allied Motion Technologies, Inc.................... 3,693 82,797 Altra Industrial Motion Corp....................... 65,956 1,685,176 * AMERCO............................................. 24,871 7,115,842 #* Ameresco, Inc. Class A............................. 18,225 106,252 # American Railcar Industries, Inc................... 53,313 2,676,313 # American Science & Engineering, Inc................ 11,062 513,277 #* American Superconductor Corp....................... 16,965 11,876 * American Woodmark Corp............................. 32,851 1,351,162 * AMREP Corp......................................... 2,776 10,549 AO Smith Corp...................................... 19,500 1,158,495 Apogee Enterprises, Inc............................ 71,177 3,079,117 Applied Industrial Technologies, Inc............... 65,079 2,631,144 * ARC Document Solutions, Inc........................ 78,737 722,018 # ArcBest Corp....................................... 53,407 1,989,945 Argan, Inc......................................... 28,276 859,873 * Armstrong World Industries, Inc.................... 15,072 764,150 #* Arotech Corp....................................... 20,131 45,899 # Astec Industries, Inc.............................. 26,906 956,777 * Astronics Corp..................................... 24,715 1,376,378 #* Astronics Corp. Class B............................ 10,735 601,160 #* Atlas Air Worldwide Holdings, Inc.................. 31,014 1,401,833 * Avalon Holdings Corp. Class A...................... 1,400 4,242 1335 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Avis Budget Group, Inc............................. 130,275 $7,466,060 AZZ, Inc........................................... 40,042 1,689,372 # Baltic Trading, Ltd................................ 33,977 55,043 Barnes Group, Inc.................................. 66,871 2,297,019 # Barrett Business Services, Inc..................... 23,882 731,983 * Beacon Roofing Supply, Inc......................... 60,066 1,422,964 * Blount International, Inc.......................... 105,251 1,631,391 * BlueLinx Holdings, Inc............................. 43,700 45,448 Brady Corp. Class A................................ 41,471 1,085,296 * Breeze-Eastern Corp................................ 18,372 184,639 # Briggs & Stratton Corp............................. 78,708 1,449,014 Brink's Co. (The).................................. 41,960 940,324 #* Builders FirstSource, Inc.......................... 34,098 201,860 * CAI International, Inc............................. 41,733 875,141 * Casella Waste Systems, Inc. Class A................ 36,688 139,781 #* CBIZ, Inc.......................................... 114,558 948,540 CDI Corp........................................... 34,161 580,395 Ceco Environmental Corp............................ 47,101 646,226 Celadon Group, Inc................................. 55,816 1,330,095 * Chart Industries, Inc.............................. 32,460 925,110 Chicago Rivet & Machine Co......................... 700 21,364 CIRCOR International, Inc.......................... 26,115 1,289,820 Civeo Corp......................................... 14,939 43,771 #* Colfax Corp........................................ 27,255 1,234,924 Columbus McKinnon Corp............................. 43,758 1,096,138 Comfort Systems USA, Inc........................... 78,575 1,308,274 * Command Security Corp.............................. 15,882 35,099 * Commercial Vehicle Group, Inc...................... 41,977 232,133 Compx International, Inc........................... 2,107 22,735 Con-way, Inc....................................... 66,229 2,713,402 Corporate Executive Board Co. (The)................ 33,037 2,263,695 Courier Corp....................................... 24,537 575,883 # Covanta Holding Corp............................... 130,358 2,664,518 * Covenant Transportation Group, Inc. Class A........ 30,377 859,669 #* CPI Aerostructures, Inc............................ 16,210 190,468 * CRA International, Inc............................. 22,109 652,879 * CTPartners Executive Search, Inc................... 4,360 23,893 Cubic Corp......................................... 31,942 1,670,247 Curtiss-Wright Corp................................ 61,113 4,065,848 Deluxe Corp........................................ 58,457 3,795,613 * DigitalGlobe, Inc.................................. 114,420 3,076,754 Douglas Dynamics, Inc.............................. 49,881 1,007,097 * Ducommun, Inc...................................... 25,784 669,610 * DXP Enterprises, Inc............................... 31,485 1,291,515 * Dycom Industries, Inc.............................. 72,056 2,220,045 Dynamic Materials Corp............................. 29,192 413,359 * Eagle Bulk Shipping, Inc........................... 20 205 Eastern Co. (The).................................. 4,559 86,256 #* Echo Global Logistics, Inc......................... 39,007 1,029,785 Ecology and Environment, Inc. Class A.............. 920 9,016 EMCOR Group, Inc................................... 61,321 2,474,916 Encore Wire Corp................................... 41,411 1,268,419 #* Energy Recovery, Inc............................... 67,143 221,572 1336 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) # EnerSys............................................ 63,999 $3,736,262 * Engility Holdings, Inc............................. 12,249 488,735 Ennis, Inc......................................... 51,499 686,997 * EnPro Industries, Inc.............................. 41,842 2,482,486 EnviroStar, Inc.................................... 837 1,992 ESCO Technologies, Inc............................. 29,976 1,079,736 Espey Manufacturing & Electronics Corp............. 5,593 149,948 * Esterline Technologies Corp........................ 48,126 5,394,443 Exelis, Inc........................................ 55,832 955,286 Exponent, Inc...................................... 20,601 1,650,964 Federal Signal Corp................................ 148,867 2,273,199 Forward Air Corp................................... 30,935 1,388,982 * Franklin Covey Co.................................. 41,060 741,954 # Franklin Electric Co., Inc......................... 55,997 1,915,657 FreightCar America, Inc............................ 27,558 643,204 * FTI Consulting, Inc................................ 55,639 2,262,838 #* Fuel Tech, Inc..................................... 34,276 110,711 * Furmanite Corp..................................... 79,194 580,492 G&K Services, Inc. Class A......................... 28,477 1,996,238 GATX Corp.......................................... 49,628 2,836,240 * Gencor Industries, Inc............................. 10,941 100,110 #* GenCorp, Inc....................................... 97,290 1,634,472 #* Generac Holdings, Inc.............................. 47,280 2,068,027 # General Cable Corp................................. 62,794 718,363 * Gibraltar Industries, Inc.......................... 65,935 998,256 # Global Power Equipment Group, Inc.................. 10,771 132,806 #* Goldfield Corp. (The).............................. 21,370 48,510 # Gorman-Rupp Co. (The).............................. 35,697 1,017,721 * GP Strategies Corp................................. 44,418 1,482,673 * GrafTech International, Ltd........................ 54,395 197,454 Graham Corp........................................ 19,937 412,497 Granite Construction, Inc.......................... 50,082 1,706,795 * Great Lakes Dredge & Dock Corp..................... 133,045 1,033,760 # Greenbrier Cos., Inc. (The)........................ 60,056 3,118,708 Griffon Corp....................................... 91,355 1,342,005 H&E Equipment Services, Inc........................ 78,528 1,377,381 Hardinge, Inc...................................... 17,812 203,235 Harsco Corp........................................ 67,484 996,064 #* Hawaiian Holdings, Inc............................. 137,064 2,664,524 * HC2 Holdings, Inc.................................. 4,226 31,526 # Healthcare Services Group, Inc..................... 42,258 1,331,550 # Heartland Express, Inc............................. 99,376 2,552,969 # HEICO Corp......................................... 24,786 1,504,014 HEICO Corp. Class A................................ 53,676 2,531,897 Heidrick & Struggles International, Inc............ 39,264 870,090 * Heritage-Crystal Clean, Inc........................ 488 6,222 Herman Miller, Inc................................. 63,692 1,850,253 Hexcel Corp........................................ 9,359 413,949 * Hill International, Inc............................ 44,249 169,031 Hillenbrand, Inc................................... 61,433 1,929,611 HNI Corp........................................... 42,854 2,110,560 Houston Wire & Cable Co............................ 35,815 396,472 * Hub Group, Inc. Class A............................ 69,570 2,323,638 1337 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Hudson Global, Inc................................. 29,507 $ 72,292 Huntington Ingalls Industries, Inc................. 10,698 1,247,387 Hurco Cos., Inc.................................... 16,988 595,939 * Huron Consulting Group, Inc........................ 30,762 2,313,918 Hyster-Yale Materials Handling, Inc................ 17,600 1,102,640 * ICF International, Inc............................. 44,438 1,660,204 #* InnerWorkings, Inc................................. 67,880 348,224 * Innovative Solutions & Support, Inc................ 19,757 77,843 Insperity, Inc..................................... 28,515 1,195,919 Insteel Industries, Inc............................ 33,274 679,455 * Integrated Electrical Services, Inc................ 19,021 139,044 Interface, Inc..................................... 122,955 1,931,623 # International Shipholding Corp..................... 6,743 113,013 # Intersections, Inc................................. 22,069 75,476 #* JetBlue Airways Corp............................... 324,746 5,452,485 John Bean Technologies Corp........................ 62,171 1,876,942 Kadant, Inc........................................ 23,091 917,636 # Kaman Corp......................................... 36,928 1,404,003 Kelly Services, Inc. Class A....................... 45,408 767,395 * Key Technology, Inc................................ 12,633 161,702 Kforce, Inc........................................ 80,120 1,874,808 Kimball International, Inc. Class B................ 69,489 602,470 Knight Transportation, Inc......................... 106,519 3,034,726 # Knightsbridge Shipping, Ltd........................ 1,700 6,817 Knoll, Inc......................................... 47,423 971,697 * Korn/Ferry International........................... 66,149 1,885,247 * Kratos Defense & Security Solutions, Inc........... 90,208 438,411 Landstar System, Inc............................... 27,292 1,748,871 * Lawson Products, Inc............................... 16,912 416,035 #* Layne Christensen Co............................... 24,278 196,409 LB Foster Co. Class A.............................. 18,795 891,071 # Lindsay Corp....................................... 14,054 1,214,547 * LMI Aerospace, Inc................................. 16,497 234,257 LS Starrett Co. (The) Class A...................... 7,065 152,392 LSI Industries, Inc................................ 24,874 182,575 * Lydall, Inc........................................ 40,300 1,110,265 * Magnetek, Inc...................................... 3,710 146,619 # Manitowoc Co., Inc. (The).......................... 108,200 2,023,340 Marten Transport, Ltd.............................. 79,047 1,616,511 #* MasTec, Inc........................................ 95,280 1,764,586 Matson, Inc........................................ 47,339 1,645,030 Matthews International Corp. Class A............... 40,680 1,884,704 McGrath RentCorp................................... 31,476 956,241 * Meritor, Inc....................................... 211,452 2,706,586 * Mfri, Inc.......................................... 11,947 66,664 * Middleby Corp. (The)............................... 49,527 4,706,056 Miller Industries, Inc............................. 27,120 547,824 * Mistras Group, Inc................................. 34,496 693,370 Mobile Mini, Inc................................... 63,983 2,322,583 * Moog, Inc. Class A................................. 40,345 2,836,254 * Moog, Inc. Class B................................. 488 34,272 * MRC Global, Inc.................................... 19,189 207,433 MSA Safety, Inc.................................... 40,012 1,746,924 1338 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) Mueller Industries, Inc............................ 86,394 $2,711,908 Mueller Water Products, Inc. Class A............... 218,949 2,239,848 # Multi-Color Corp................................... 32,495 1,891,859 * MYR Group, Inc..................................... 49,036 1,227,371 # National Presto Industries, Inc.................... 7,876 496,188 * Navigant Consulting, Inc........................... 65,117 939,638 * NCI Building Systems, Inc.......................... 17,046 263,020 NL Industries, Inc................................. 118,497 830,664 NN, Inc............................................ 44,380 1,022,959 * Nortek, Inc........................................ 344 26,258 * Northwest Pipe Co.................................. 21,199 507,292 * NV5 Holdings, Inc.................................. 341 4,041 # Omega Flex, Inc.................................... 20,621 646,881 * On Assignment, Inc................................. 101,799 3,576,199 * Orbital Sciences Corp.............................. 60,072 1,687,422 * Orion Energy Systems, Inc.......................... 49,736 225,304 * Orion Marine Group, Inc............................ 29,209 266,678 * PAM Transportation Services, Inc................... 20,605 1,193,030 Park-Ohio Holdings Corp............................ 31,470 1,681,442 * Patrick Industries, Inc............................ 23,275 1,000,825 * Pendrell Corp...................................... 17,647 22,941 #* Performant Financial Corp.......................... 56,538 280,428 * PGT, Inc........................................... 114,940 987,335 #* PMFG, Inc.......................................... 8,266 39,759 #* Polypore International, Inc........................ 309 13,818 Powell Industries, Inc............................. 27,801 1,084,517 #* PowerSecure International, Inc..................... 37,226 349,924 Preformed Line Products Co......................... 6,300 301,203 # Primoris Services Corp............................. 51,500 967,170 Providence and Worcester Railroad Co............... 1,886 34,797 Quad/Graphics, Inc................................. 9,496 190,300 * Quality Distribution, Inc.......................... 55,291 461,127 Quanex Building Products Corp...................... 55,605 1,047,042 #* Radiant Logistics, Inc............................. 4,100 19,721 # Raven Industries, Inc.............................. 53,263 1,141,959 RBC Bearings, Inc.................................. 26,304 1,526,684 RCM Technologies, Inc.............................. 22,513 133,277 Regal-Beloit Corp.................................. 160 11,016 * Republic Airways Holdings, Inc..................... 114,916 1,581,244 Resources Connection, Inc.......................... 91,168 1,522,506 * Rexnord Corp....................................... 74,821 1,851,820 * Roadrunner Transportation Systems, Inc............. 49,060 996,899 * RPX Corp........................................... 30,369 375,057 # RR Donnelley & Sons Co............................. 24,359 401,193 * Rush Enterprises, Inc. Class A..................... 44,647 1,250,116 * Rush Enterprises, Inc. Class B..................... 18,930 513,950 * Saia, Inc.......................................... 61,297 2,581,217 * Servotronics, Inc.................................. 4,083 26,131 # SIFCO Industries, Inc.............................. 12,202 353,736 Simpson Manufacturing Co., Inc..................... 66,186 2,160,311 SkyWest, Inc....................................... 58,064 728,703 * SL Industries, Inc................................. 14,437 617,182 * SP Plus Corp....................................... 27,963 624,134 1339 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Sparton Corp....................................... 25,636 $ 601,933 * Spirit Airlines, Inc............................... 9,093 674,155 * Standard Register Co. (The)........................ 7,284 11,436 Standex International Corp......................... 32,398 2,270,776 Steelcase, Inc. Class A............................ 164,056 2,769,265 * Sterling Construction Co., Inc..................... 15,792 54,798 # Sun Hydraulics Corp................................ 36,421 1,319,897 Supreme Industries, Inc. Class A................... 6,592 50,824 #* Swift Transportation Co............................ 91,199 2,241,671 TAL International Group, Inc....................... 44,657 1,815,307 #* Taser International, Inc........................... 117,616 3,176,808 * Team, Inc.......................................... 41,632 1,587,844 * Tecumseh Products Co............................... 14,077 49,833 * Teledyne Technologies, Inc......................... 14,770 1,403,741 Tennant Co......................................... 19,155 1,249,098 Tetra Tech, Inc.................................... 77,073 1,774,991 # Textainer Group Holdings, Ltd...................... 44,841 1,471,233 * Thermon Group Holdings, Inc........................ 17,716 362,292 # Titan International, Inc........................... 74,131 662,731 #* Titan Machinery, Inc............................... 33,819 477,862 Toro Co. (The)..................................... 7,915 513,763 * TRC Cos., Inc...................................... 47,541 328,508 #* Trex Co., Inc...................................... 52,216 2,220,746 * Trimas Corp........................................ 57,015 1,538,835 # Triumph Group, Inc................................. 39,894 2,276,352 * TrueBlue, Inc...................................... 77,214 1,703,341 * Tutor Perini Corp.................................. 71,406 1,550,224 Twin Disc, Inc..................................... 24,798 399,248 * Ultralife Corp..................................... 13,852 46,404 UniFirst Corp...................................... 20,066 2,330,265 # United Stationers, Inc............................. 55,448 2,235,109 Universal Forest Products, Inc..................... 27,012 1,352,221 # Universal Truckload Services, Inc.................. 30,588 720,653 # US Ecology, Inc.................................... 44,741 1,854,962 #* USA Truck, Inc..................................... 22,813 634,201 #* UTi Worldwide, Inc................................. 123,716 1,468,509 * Vectrus, Inc....................................... 3,101 86,332 * Versar, Inc........................................ 17,038 51,966 Viad Corp.......................................... 43,595 1,176,193 #* Vicor Corp......................................... 24,406 262,853 * Virco Manufacturing Corp........................... 6,861 16,466 # VSE Corp........................................... 7,747 560,650 #* Wabash National Corp............................... 111,737 1,393,360 Watsco, Inc. Class B............................... 1,348 151,077 Watts Water Technologies, Inc. Class A............. 49,357 2,893,801 Werner Enterprises, Inc............................ 108,334 3,090,769 #* Wesco Aircraft Holdings, Inc....................... 29,216 380,977 West Corp.......................................... 19,956 652,561 * Willdan Group, Inc................................. 8,504 118,971 * Willis Lease Finance Corp.......................... 11,622 240,111 # Woodward, Inc...................................... 22,143 987,799 #* Xerium Technologies, Inc........................... 4,817 74,134 #* XPO Logistics, Inc................................. 53,895 1,982,797 1340 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) * YRC Worldwide, Inc................................. 2,284 $ 36,224 ------------ Total Industrials...................................... 361,231,046 ------------ Information Technology -- (14.7%) #* ACI Worldwide, Inc................................. 104,926 1,937,983 * Actua Corp......................................... 91,159 1,467,660 * Acxiom Corp........................................ 84,993 1,546,873 * ADDvantage Technologies Group, Inc................. 5,406 12,542 # ADTRAN, Inc........................................ 85,415 1,888,526 * Advanced Energy Industries, Inc.................... 84,045 2,017,080 # Advent Software, Inc............................... 66,699 2,791,353 * Agilysys, Inc...................................... 31,259 324,468 Alliance Fiber Optic Products, Inc................. 107 1,549 * Alpha & Omega Semiconductor, Ltd................... 10,275 90,112 American Software, Inc. Class A.................... 55,346 458,818 * Amkor Technology, Inc.............................. 179,216 1,138,022 * Amtech Systems, Inc................................ 20,021 163,572 * Anixter International, Inc......................... 27,653 2,083,930 * AOL, Inc........................................... 69,740 3,016,255 * ARRIS Group, Inc................................... 138,906 3,642,115 * Aspen Technology, Inc.............................. 18,271 645,788 Astro-Med, Inc..................................... 5,157 75,473 * AVG Technologies NV................................ 47,894 947,343 * Aviat Networks, Inc................................ 58,898 75,389 * Avid Technology, Inc............................... 50,657 656,515 AVX Corp........................................... 17,748 229,482 Aware, Inc......................................... 31,813 155,247 * Axcelis Technologies, Inc.......................... 96,299 231,118 * AXT, Inc........................................... 85,556 237,846 Badger Meter, Inc.................................. 31,786 1,902,710 Bel Fuse, Inc. Class A............................. 3,911 80,958 Bel Fuse, Inc. Class B............................. 12,940 304,349 Belden, Inc........................................ 43,692 3,623,814 * Benchmark Electronics, Inc......................... 66,556 1,612,652 Black Box Corp..................................... 15,518 326,033 Blackbaud, Inc..................................... 38,705 1,691,796 #* Blackhawk Network Holdings, Inc.................... 710 23,686 * Blackhawk Network Holdings, Inc. Class B........... 20,410 675,775 * Blucora, Inc....................................... 98,115 1,326,515 Booz Allen Hamilton Holding Corp................... 37,228 1,083,707 * Bottomline Technologies de, Inc.................... 37,887 938,461 * BroadVision, Inc................................... 4,587 27,660 Brooks Automation, Inc............................. 102,899 1,328,426 * Bsquare Corp....................................... 21,382 94,722 * BTU International, Inc............................. 4,628 12,172 * Cabot Microelectronics Corp........................ 36,053 1,781,379 * CACI International, Inc. Class A................... 38,019 3,216,027 #* CalAmp Corp........................................ 87,846 1,573,322 * Calix, Inc......................................... 84,539 811,574 #* Cardtronics, Inc................................... 50,333 1,691,692 * Cascade Microtech, Inc............................. 21,105 284,073 # Cass Information Systems, Inc...................... 23,268 1,019,604 * Ceva, Inc.......................................... 37,919 694,297 1341 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Checkpoint Systems, Inc............................ 51,880 $ 672,365 #* ChyronHego Corp.................................... 1,300 3,634 * Ciber, Inc......................................... 95,742 309,247 #* Ciena Corp......................................... 2,685 49,726 * Cimpress NV........................................ 35,640 2,870,802 #* Cirrus Logic, Inc.................................. 109,053 2,889,904 #* Clearfield, Inc.................................... 30,926 364,308 * Cognex Corp........................................ 79,688 2,928,534 * Coherent, Inc...................................... 24,662 1,526,085 Cohu, Inc.......................................... 54,623 618,879 o* Commerce One, LLC.................................. 1,966 -- Communications Systems, Inc........................ 19,815 203,104 * CommVault Systems, Inc............................. 2,352 102,500 Computer Task Group, Inc........................... 38,466 311,190 #* comScore, Inc...................................... 11,035 458,615 Comtech Telecommunications Corp.................... 31,096 1,027,412 * Comverse, Inc...................................... 11,626 200,316 Concurrent Computer Corp........................... 18,853 118,774 * Constant Contact, Inc.............................. 43,288 1,637,152 # Convergys Corp..................................... 170,395 3,264,768 * CoreLogic, Inc..................................... 88,141 2,926,281 #* CoStar Group, Inc.................................. 4,700 867,197 * Covisint Corp...................................... 17,280 38,362 #* Cray, Inc.......................................... 93,041 3,022,902 #* Crexendo, Inc...................................... 1,703 2,435 # CSG Systems International, Inc..................... 71,089 1,743,102 CSP, Inc........................................... 1,770 12,532 CTS Corp........................................... 68,434 1,094,944 * CyberOptics Corp................................... 22,727 247,952 Daktronics, Inc.................................... 87,162 1,079,066 * Datalink Corp...................................... 46,119 523,912 #* Dealertrack Technologies, Inc...................... 73,725 2,963,745 * Dice Holdings, Inc................................. 130,262 1,077,267 # Diebold, Inc....................................... 45,528 1,420,474 * Digi International, Inc............................ 38,986 372,316 # Digimarc Corp...................................... 16,843 455,098 #* Digital River, Inc................................. 45,468 1,160,798 * Diodes, Inc........................................ 49,542 1,309,395 * Dot Hill Systems Corp.............................. 124,881 520,754 * DSP Group, Inc..................................... 51,799 569,271 * DTS, Inc........................................... 39,711 1,100,789 EarthLink Holdings Corp............................ 126,746 534,868 # Ebix, Inc.......................................... 42,888 979,991 * Echelon Corp....................................... 5,400 7,560 * Edgewater Technology, Inc.......................... 10,739 75,710 Electro Rent Corp.................................. 54,792 706,269 Electro Scientific Industries, Inc................. 29,232 183,285 * Electronics for Imaging, Inc....................... 66,927 2,586,729 #* Ellie Mae, Inc..................................... 22,063 976,067 #* eMagin Corp........................................ 18,056 53,265 * Emcore Corp........................................ 30,392 157,127 * Emulex Corp........................................ 118,182 739,819 #* EnerNOC, Inc....................................... 68,005 1,171,046 1342 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Entegris, Inc...................................... 123,768 $1,608,984 #* Entropic Communications, Inc....................... 110,837 287,068 * Envestnet, Inc..................................... 21,270 1,094,767 * EPAM Systems, Inc.................................. 39,497 1,932,588 EPIQ Systems, Inc.................................. 66,890 1,167,230 * ePlus, Inc......................................... 19,530 1,317,103 * Euronet Worldwide, Inc............................. 57,470 2,608,563 * Exar Corp.......................................... 109,176 984,768 * ExlService Holdings, Inc........................... 35,150 1,032,707 * Extreme Networks, Inc.............................. 210,988 620,305 * Fabrinet........................................... 38,010 620,703 Fair Isaac Corp.................................... 47,990 3,424,086 * Fairchild Semiconductor International, Inc......... 209,664 3,218,342 #* FARO Technologies, Inc............................. 32,318 1,788,801 # FEI Co............................................. 43,300 3,560,126 #* Finisar Corp....................................... 83,519 1,515,035 * FormFactor, Inc.................................... 110,489 834,192 Forrester Research, Inc............................ 38,204 1,441,819 * Frequency Electronics, Inc......................... 19,508 222,489 * Global Cash Access Holdings, Inc................... 164,108 1,084,754 Globalscape, Inc................................... 12,700 29,464 * GSE Systems, Inc................................... 33,450 55,527 * GSI Group, Inc..................................... 65,199 861,931 * GSI Technology, Inc................................ 38,850 196,581 * GTT Communications, Inc............................ 1,102 12,684 #* Guidance Software, Inc............................. 4,326 28,379 Hackett Group, Inc. (The).......................... 96,523 731,644 * Harmonic, Inc...................................... 147,728 1,130,119 # Heartland Payment Systems, Inc..................... 47,898 2,383,883 * Higher One Holdings, Inc........................... 22,515 74,525 #* Hutchinson Technology, Inc......................... 63,415 221,318 * ID Systems, Inc.................................... 23,495 154,832 * Identiv, Inc....................................... 9,116 114,953 * IEC Electronics Corp............................... 18,692 83,740 * iGATE Corp......................................... 91,369 3,234,463 * II-VI, Inc......................................... 70,886 1,218,530 * Imation Corp....................................... 41,849 157,352 * Immersion Corp..................................... 30,473 286,751 #* Infinera Corp...................................... 75,164 1,211,644 * Innodata, Inc...................................... 49,027 140,217 #* Inphi Corp......................................... 31,556 618,498 * Insight Enterprises, Inc........................... 61,539 1,456,628 * Integrated Device Technology, Inc.................. 216,250 3,955,212 Integrated Silicon Solution, Inc................... 68,979 1,109,182 #* Intellicheck Mobilisa, Inc......................... 764 1,123 #* Interactive Intelligence Group, Inc................ 13,637 553,117 # InterDigital, Inc.................................. 36,807 1,839,614 #* Internap Corp...................................... 124,537 1,048,602 * Interphase Corp.................................... 11,055 22,773 Intersil Corp. Class A............................. 206,754 2,958,650 * Intevac, Inc....................................... 26,435 171,827 * IntraLinks Holdings, Inc........................... 34,942 372,482 * IntriCon Corp...................................... 16,201 119,887 1343 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) #* IPG Photonics Corp................................. 3,925 $ 292,962 * Iteris, Inc........................................ 41,957 75,523 #* Itron, Inc......................................... 49,841 1,854,584 * Ixia............................................... 90,599 918,674 IXYS Corp.......................................... 67,866 766,886 # j2 Global, Inc..................................... 52,240 3,000,666 #* JDS Uniphase Corp.................................. 122,469 1,487,998 #* Kemet Corp......................................... 53,160 202,008 * Key Tronic Corp.................................... 24,643 227,208 * Kimball Electronics, Inc........................... 52,116 530,541 #* Knowles Corp....................................... 26,378 559,477 #* Kopin Corp......................................... 142,534 520,249 * Kulicke & Soffa Industries, Inc.................... 133,042 2,018,247 * KVH Industries, Inc................................ 36,615 443,041 * Lattice Semiconductor Corp......................... 253,404 1,806,771 # Lexmark International, Inc. Class A................ 122,185 4,876,403 * LGL Group, Inc. (The).............................. 1,474 5,601 * Limelight Networks, Inc............................ 99,889 265,705 * Lionbridge Technologies, Inc....................... 85,098 423,788 #* Liquidity Services, Inc............................ 43,203 334,391 Littelfuse, Inc.................................... 28,600 2,823,964 #* LoJack Corp........................................ 42,858 90,859 * M/A-COM Technology Solutions Holdings, Inc......... 1,379 44,831 * Magnachip Semiconductor Corp....................... 50,393 724,651 * Manhattan Associates, Inc.......................... 103,202 4,606,937 # ManTech International Corp. Class A................ 30,470 991,189 Marchex, Inc. Class B.............................. 23,507 89,562 #* Mattersight Corp................................... 8,111 45,016 * Mattson Technology, Inc............................ 45,629 150,119 MAXIMUS, Inc....................................... 67,242 3,746,724 * MaxLinear, Inc. Class A............................ 11,469 92,325 #* Maxwell Technologies, Inc.......................... 46,285 368,429 Mentor Graphics Corp............................... 201,941 4,646,662 * Mercury Systems, Inc............................... 56,104 885,321 # Mesa Laboratories, Inc............................. 6,345 483,299 Methode Electronics, Inc........................... 97,435 3,524,224 Micrel, Inc........................................ 103,441 1,455,415 * Microsemi Corp..................................... 104,914 2,922,904 * MicroStrategy, Inc. Class A........................ 3,200 517,120 MKS Instruments, Inc............................... 73,363 2,568,439 MOCON, Inc......................................... 11,568 200,705 #* ModusLink Global Solutions, Inc.................... 35,683 128,816 Monolithic Power Systems, Inc...................... 67,412 3,201,396 Monotype Imaging Holdings, Inc..................... 71,866 2,108,548 #* Monster Worldwide, Inc............................. 138,427 571,704 #* MoSys, Inc......................................... 38,060 76,501 MTS Systems Corp................................... 22,247 1,608,013 * Multi-Fineline Electronix, Inc..................... 22,279 289,850 * Nanometrics, Inc................................... 50,010 777,155 * NAPCO Security Technologies, Inc................... 15,267 75,877 * NCI, Inc. Class A.................................. 8,385 103,303 * NeoPhotonics Corp.................................. 4,257 12,771 * NETGEAR, Inc....................................... 49,345 1,666,381 1344 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Netscout Systems, Inc.............................. 74,333 $ 2,668,555 * Newport Corp....................................... 72,656 1,345,589 NIC, Inc........................................... 31,613 519,085 #* Novatel Wireless, Inc.............................. 66,411 350,650 #* Numerex Corp. Class A.............................. 34,182 358,227 * OmniVision Technologies, Inc....................... 100,115 2,707,110 #* Onvia, Inc......................................... 3,803 17,608 Optical Cable Corp................................. 17,561 91,493 * OSI Systems, Inc................................... 29,110 2,037,118 #* Pandora Media, Inc................................. 58,392 969,307 * PAR Technology Corp................................ 8,112 46,563 Park Electrochemical Corp.......................... 33,564 728,674 PC Connection, Inc................................. 61,775 1,467,156 PC-Tel, Inc........................................ 38,023 319,013 * PCM, Inc........................................... 28,324 269,078 * PDF Solutions, Inc................................. 48,486 805,837 Pegasystems, Inc................................... 22,711 444,454 Perceptron, Inc.................................... 24,048 257,554 * Perficient, Inc.................................... 76,350 1,374,300 * Pericom Semiconductor Corp......................... 55,754 814,566 * Photronics, Inc.................................... 150,307 1,262,579 #* Planar Systems, Inc................................ 37,694 275,920 Plantronics, Inc................................... 46,900 2,149,427 * Plexus Corp........................................ 49,055 1,858,694 * PMC-Sierra, Inc.................................... 332,377 2,938,213 * Polycom, Inc....................................... 200,869 2,671,558 Power Integrations, Inc............................ 32,553 1,679,084 * PRGX Global, Inc................................... 36,646 190,193 #* Procera Networks, Inc.............................. 17,756 155,898 * Progress Software Corp............................. 77,464 1,940,473 QAD, Inc. Class A.................................. 25,004 483,577 QAD, Inc. Class B.................................. 4,173 72,235 * QLogic Corp........................................ 111,172 1,485,258 * Qorvo, Inc......................................... 190,519 14,073,639 * Qualstar Corp...................................... 12,400 17,608 * QuinStreet, Inc.................................... 11,713 59,971 * Qumu Corp.......................................... 18,688 265,370 * Radisys Corp....................................... 32,588 75,604 #* Rambus, Inc........................................ 83,265 936,731 * RealD, Inc......................................... 14,673 159,202 * RealNetworks, Inc.................................. 79,112 556,157 #* RealPage, Inc...................................... 8,327 149,969 Reis, Inc.......................................... 15,451 347,647 * Relm Wireless Corp................................. 29,676 158,173 #* Remark Media, Inc.................................. 10,526 46,841 # RF Industries, Ltd................................. 9,264 41,595 Richardson Electronics, Ltd........................ 28,378 265,902 * Riverbed Technology, Inc........................... 59,203 1,218,398 * Rofin-Sinar Technologies, Inc...................... 41,245 1,110,315 * Rogers Corp........................................ 24,439 1,805,065 #* Rosetta Stone, Inc................................. 29,088 262,374 * Rovi Corp.......................................... 118,711 2,743,411 * Rudolph Technologies, Inc.......................... 71,086 712,993 1345 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) #* Saba Software, Inc................................. 8,099 $ 78,074 * Sanmina Corp....................................... 148,533 3,145,929 * Sapient Corp....................................... 169,211 4,206,585 * ScanSource, Inc.................................... 35,793 1,234,143 Science Applications International Corp............ 24,051 1,173,208 * Seachange International, Inc....................... 51,525 363,766 * Selectica, Inc..................................... 1,042 4,814 * Semtech Corp....................................... 66,809 1,700,957 * Sevcon, Inc........................................ 4,832 35,902 * ShoreTel, Inc...................................... 94,678 670,320 #* Shutterstock, Inc.................................. 16,746 942,632 * Sigma Designs, Inc................................. 15,221 96,806 #* Silicon Graphics International Corp................ 22,859 215,560 * Silicon Image, Inc................................. 177,571 1,289,165 * Silicon Laboratories, Inc.......................... 35,663 1,560,613 * SolarWinds, Inc.................................... 20,160 970,704 * Sonus Networks, Inc................................ 66,878 1,276,025 * Spansion, Inc. Class A............................. 94,869 3,364,055 #* Speed Commerce, Inc................................ 73,810 175,668 SS&C Technologies Holdings, Inc.................... 31,641 1,750,697 * Stamps.com, Inc.................................... 27,639 1,259,509 * StarTek, Inc....................................... 24,159 227,819 #* Stratasys, Ltd..................................... 11,636 924,946 #* SunPower Corp...................................... 20,122 485,343 * Super Micro Computer, Inc.......................... 66,670 2,438,122 * support.com, Inc................................... 67,922 133,127 * Sykes Enterprises, Inc............................. 57,888 1,303,638 #* Synaptics, Inc..................................... 44,317 3,403,989 #* Synchronoss Technologies, Inc...................... 36,090 1,532,742 # SYNNEX Corp........................................ 63,951 4,744,525 #* Take-Two Interactive Software, Inc................. 108,138 3,213,861 * Tech Data Corp..................................... 59,294 3,385,687 * TechTarget, Inc.................................... 1,800 19,890 * TeleCommunication Systems, Inc. Class A............ 114,939 325,277 #* Telenav, Inc....................................... 58,543 379,359 * TeleTech Holdings, Inc............................. 62,869 1,386,890 # Tessco Technologies, Inc........................... 19,087 432,321 Tessera Technologies, Inc.......................... 67,342 2,497,041 TheStreet, Inc..................................... 42,666 88,745 #* TiVo, Inc.......................................... 91,439 956,452 Transact Technologies, Inc......................... 19,291 114,781 * Trio Tech International............................ 400 1,184 * Trulia, Inc........................................ 18 768 #* TTM Technologies, Inc.............................. 85,170 591,931 * Tyler Technologies, Inc............................ 34,175 3,625,284 #* Ultimate Software Group, Inc. (The)................ 2,656 393,115 * Ultra Clean Holdings, Inc.......................... 34,122 300,274 #* Ultratech, Inc..................................... 43,242 689,277 * Unisys Corp........................................ 67,437 1,478,893 * United Online, Inc................................. 31,842 420,314 #* Universal Display Corp............................. 2,968 94,560 #* Veeco Instruments, Inc............................. 56,929 1,660,619 * Verint Systems, Inc................................ 60,864 3,248,920 1346 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) #* ViaSat, Inc........................................ 50,660 $ 2,848,105 * Viasystems Group, Inc.............................. 28,547 457,037 # Vicon Industries, Inc.............................. 6,594 10,221 * Video Display Corp................................. 15,256 38,293 * Virtusa Corp....................................... 63,293 2,370,956 # Vishay Intertechnology, Inc........................ 228,809 3,116,379 * Vishay Precision Group, Inc........................ 22,019 366,396 Wayside Technology Group, Inc...................... 12,677 224,763 * Web.com Group, Inc................................. 80,485 1,216,128 #* WebMD Health Corp.................................. 11,133 431,404 * WEX, Inc........................................... 4,310 396,735 * Xcerra Corp........................................ 96,198 738,801 * XO Group, Inc...................................... 64,966 1,068,041 * Zebra Technologies Corp. Class A................... 42,492 3,546,382 * Zix Corp........................................... 117,982 417,656 #* Zynga, Inc. Class A................................ 631,298 1,616,123 ------------ Total Information Technology........................... 365,968,658 ------------ Materials -- (4.3%) A Schulman, Inc.................................... 43,571 1,518,449 * AEP Industries, Inc................................ 15,313 767,334 #* AM Castle & Co..................................... 21,839 132,126 # American Vanguard Corp............................. 41,179 460,381 Ampco-Pittsburgh Corp.............................. 9,011 164,000 Axiall Corp........................................ 58,890 2,605,883 Balchem Corp....................................... 30,522 1,616,750 * Berry Plastics Group, Inc.......................... 52,540 1,776,903 * Boise Cascade Co................................... 33,014 1,335,086 Cabot Corp......................................... 4,508 191,184 * Calgon Carbon Corp................................. 75,181 1,483,321 Carpenter Technology Corp.......................... 22,096 838,322 * Century Aluminum Co................................ 151,500 3,501,165 Chase Corp......................................... 19,295 690,761 * Chemtura Corp...................................... 175,823 3,831,183 * Clearwater Paper Corp.............................. 25,486 1,886,474 * Codexis, Inc....................................... 17,017 65,005 #* Coeur Mining, Inc.................................. 27,200 171,360 Commercial Metals Co............................... 198,664 2,666,071 Compass Minerals International, Inc................ 10,366 905,988 * Contango ORE, Inc.................................. 2,399 9,596 * Continental Materials Corp......................... 135 2,349 * Core Molding Technologies, Inc..................... 24,525 355,613 Deltic Timber Corp................................. 11,214 700,875 Domtar Corp........................................ 21,939 840,264 Eagle Materials, Inc............................... 34,510 2,457,802 * Ferro Corp......................................... 149,092 1,659,394 #* Flotek Industries, Inc............................. 69,709 1,127,195 Friedman Industries, Inc........................... 6,930 43,382 FutureFuel Corp.................................... 48,099 528,608 #* General Moly, Inc.................................. 69,588 41,753 Globe Specialty Metals, Inc........................ 52,967 816,751 * Graphic Packaging Holding Co....................... 274,844 3,979,741 Greif, Inc. Class A................................ 9,980 381,236 1347 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) Hawkins, Inc....................................... 22,677 $ 873,291 Haynes International, Inc.......................... 22,213 864,752 # HB Fuller Co....................................... 59,352 2,442,335 * Headwaters, Inc.................................... 117,709 1,657,343 Hecla Mining Co.................................... 518 1,704 #* Horsehead Holding Corp............................. 89,222 1,199,144 Innophos Holdings, Inc............................. 31,850 1,896,349 Innospec, Inc...................................... 34,689 1,369,175 # Kaiser Aluminum Corp............................... 24,077 1,668,777 KapStone Paper and Packaging Corp.................. 152,404 4,552,308 KMG Chemicals, Inc................................. 27,369 572,559 Koppers Holdings, Inc.............................. 18,930 343,769 * Kraton Performance Polymers, Inc................... 30,204 584,145 #* Louisiana-Pacific Corp............................. 206,881 3,386,642 * LSB Industries, Inc................................ 32,790 1,024,360 Materion Corp...................................... 42,709 1,407,262 #* Mercer International, Inc.......................... 90,527 1,147,882 Minerals Technologies, Inc......................... 61,267 4,002,573 #* Mines Management, Inc.............................. 3,686 1,880 Myers Industries, Inc.............................. 89,037 1,482,466 Neenah Paper, Inc.................................. 39,603 2,272,420 NewMarket Corp..................................... 1,100 494,637 Noranda Aluminum Holding Corp...................... 46,487 140,856 * Northern Technologies International Corp........... 7,993 163,337 # Olin Corp.......................................... 103,749 2,600,987 # Olympic Steel, Inc................................. 20,512 281,220 OM Group, Inc...................................... 39,000 1,092,000 * OMNOVA Solutions, Inc.............................. 56,050 384,503 * Penford Corp....................................... 21,128 397,629 PH Glatfelter Co................................... 71,213 1,628,641 PolyOne Corp....................................... 131,230 4,670,476 Quaker Chemical Corp............................... 33,824 2,669,390 #* Rentech, Inc....................................... 112,285 134,742 * Resolute Forest Products, Inc...................... 23,343 396,831 * RTI International Metals, Inc...................... 42,413 945,810 Schnitzer Steel Industries, Inc. Class A........... 38,305 646,588 Schweitzer-Mauduit International, Inc.............. 49,148 1,909,891 * Senomyx, Inc....................................... 600 3,168 Sensient Technologies Corp......................... 59,143 3,607,723 Stepan Co.......................................... 23,206 891,110 #* Stillwater Mining Co............................... 126,055 1,723,172 SunCoke Energy, Inc................................ 83,916 1,267,132 Synalloy Corp...................................... 15,685 261,940 TimkenSteel Corp................................... 18,077 488,079 * Trecora Resources.................................. 18,033 247,954 Tredegar Corp...................................... 30,500 652,395 Tronox, Ltd. Class A............................... 29,716 628,196 United States Lime & Minerals, Inc................. 12,780 883,737 * Universal Stainless & Alloy Products, Inc.......... 11,748 261,863 # Wausau Paper Corp.................................. 129,988 1,320,678 Worthington Industries, Inc........................ 88,640 2,652,995 1348 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Materials -- (Continued) Zep, Inc........................................... 43,918 $ 703,566 ------------ Total Materials......................................... 106,454,687 ------------ Other -- (0.0%) o* Allen Organ Co. Escrow Shares...................... 700 -- o#* Gerber Scientific, Inc. Escrow Shares.............. 58,381 -- o* Petrocorp, Inc. Escrow Shares...................... 5,200 -- ------------ Total Other............................................. -- ------------ Real Estate Investment Trusts -- (0.0%) # CareTrust REIT, Inc................................ 1,032 13,911 ------------ Telecommunication Services -- (0.8%) #* 8x8, Inc........................................... 38,147 294,113 Atlantic Tele-Network, Inc......................... 26,846 1,783,380 #* Boingo Wireless, Inc............................... 31,330 264,739 * Cincinnati Bell, Inc............................... 358,897 1,051,568 Cogent Communications Holdings, Inc................ 28,779 1,066,550 # Consolidated Communications Holdings, Inc.......... 82,801 1,927,607 * General Communication, Inc. Class A................ 92,715 1,361,056 #* Hawaiian Telcom Holdco, Inc........................ 3,202 83,348 IDT Corp. Class B.................................. 47,769 1,020,346 Inteliquent, Inc................................... 62,812 1,056,498 #* Intelsat SA........................................ 2,094 32,981 #* Iridium Communications, Inc........................ 112,323 955,869 Lumos Networks Corp................................ 26,632 426,911 # NTELOS Holdings Corp............................... 25,251 103,529 * ORBCOMM, Inc....................................... 95,669 531,920 * Premiere Global Services, Inc...................... 122,592 1,083,713 # Shenandoah Telecommunications Co................... 51,590 1,532,739 Spok Holdings, Inc................................. 49,865 853,689 * Straight Path Communications, Inc. Class B......... 21,984 421,653 Telephone & Data Systems, Inc...................... 61,042 1,419,226 * Vonage Holdings Corp............................... 386,922 1,625,072 ------------ Total Telecommunication Services........................ 18,896,507 ------------ Utilities -- (2.9%) ALLETE, Inc........................................ 54,153 3,067,767 American States Water Co........................... 51,072 2,024,494 # Artesian Resources Corp. Class A................... 17,365 384,635 # Avista Corp........................................ 87,454 3,247,167 Black Hills Corp................................... 62,887 3,154,412 #* Cadiz, Inc......................................... 1,246 12,036 California Water Service Group..................... 75,987 1,864,721 Chesapeake Utilities Corp.......................... 33,157 1,616,735 Cleco Corp......................................... 22,755 1,236,962 Connecticut Water Service, Inc..................... 20,421 734,339 Consolidated Water Co., Ltd........................ 22,624 245,470 Delta Natural Gas Co., Inc......................... 17,638 374,455 * Dynegy, Inc........................................ 29,769 813,289 El Paso Electric Co................................ 56,199 2,251,332 Empire District Electric Co. (The)................. 60,281 1,836,762 1349 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) Gas Natural, Inc............................. 18,750 $ 182,813 Genie Energy, Ltd. Class B................... 42,916 269,083 Hawaiian Electric Industries, Inc............ 33,010 1,132,243 # IDACORP, Inc................................. 64,563 4,384,473 Laclede Group, Inc. (The).................... 51,149 2,749,770 # MGE Energy, Inc.............................. 43,046 1,975,811 Middlesex Water Co........................... 34,446 753,334 New Jersey Resources Corp.................... 56,443 3,605,579 # Northwest Natural Gas Co..................... 34,518 1,722,793 # NorthWestern Corp............................ 49,186 2,840,983 # ONE Gas, Inc................................. 17,377 767,890 # Ormat Technologies, Inc...................... 24,410 652,968 # Otter Tail Corp.............................. 44,744 1,383,485 Piedmont Natural Gas Co., Inc................ 68,042 2,714,195 PNM Resources, Inc........................... 112,152 3,420,636 # Portland General Electric Co................. 98,225 3,899,533 RGC Resources, Inc........................... 13,188 283,410 SJW Corp..................................... 40,978 1,383,827 South Jersey Industries, Inc................. 42,082 2,451,277 Southwest Gas Corp........................... 63,456 3,900,006 UIL Holdings Corp............................ 77,556 3,567,576 # Unitil Corp.................................. 30,882 1,153,752 # WGL Holdings, Inc............................ 70,025 3,956,413 # York Water Co................................ 26,512 627,539 -------------- Total Utilities.................................... 72,643,965 -------------- TOTAL COMMON STOCKS................................ 2,046,750,612 -------------- RIGHTS/WARRANTS -- (0.0%) o* Capital Bank Corp. Contingent Value Rights... 3,283 -- o* Community Health Systems, Inc. Rights 01/04/16................................... 13,875 375 o* Eagle Bulk Shipping, Inc. Warrants 10/15/21.. 323 420 o* Furiex Pharmaceuticals Contingent Value Rights..................................... 8,889 86,845 o#* Magnum Hunter Resources Corp. Warrants 04/15/16................................... 20,175 -- o* Providence Service Corp. (The) Rights 02/05/2015................................. 1,368 -- o* Southern Community Financial Corp. Contingent Value Rights.................... 39,963 36,994 o* Tejon Ranch Co. Warrants 08/31/16............ 1,869 2,747 o#* Trius Therapeutics, Inc. Contingent Value Rights..................................... 6,973 -- TOTAL RIGHTS/WARRANTS.............................. 127,381 -------------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional Liquid Reserves, 0.089%..................................... 11,167,244 11,167,244 -------------- SECURITIES LENDING COLLATERAL -- (17.4%) (S)@ DFA Short Term Investment Fund............... 37,229,401 430,744,169 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,609,269,552)^^................................ $2,488,789,406 ============== 1350 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary... $ 354,369,734 -- -- $ 354,369,734 Consumer Staples......... 87,496,248 -- -- 87,496,248 Energy................... 76,576,508 -- -- 76,576,508 Financials............... 399,352,961 -- -- 399,352,961 Health Care.............. 203,746,387 -- -- 203,746,387 Industrials.............. 361,231,046 -- -- 361,231,046 Information Technology... 365,968,658 -- -- 365,968,658 Materials................ 106,454,687 -- -- 106,454,687 Other.................... -- -- -- -- Real Estate Investment Trusts................. 13,911 -- -- 13,911 Telecommunication Services............... 18,896,507 -- -- 18,896,507 Utilities................ 72,643,965 -- -- 72,643,965 Rights/Warrants............. -- $ 127,381 -- 127,381 Temporary Cash Investments.. 11,167,244 -- -- 11,167,244 Securities Lending Collateral................ -- 430,744,169 -- 430,744,169 -------------- ------------ -- -------------- TOTAL....................... $2,057,917,856 $430,871,550 -- $2,488,789,406 ============== ============ == ============== 1351 T.A. U.S. CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ---------- COMMON STOCKS -- (90.1%) Consumer Discretionary -- (14.1%) * 1-800-Flowers.com, Inc. Class A.................... 20,817 $ 164,246 Aaron's, Inc....................................... 54,708 1,732,055 # Abercrombie & Fitch Co. Class A.................... 43,637 1,113,616 Advance Auto Parts, Inc............................ 11,284 1,794,156 AH Belo Corp. Class A.............................. 13,939 125,730 * Amazon.com, Inc.................................... 25,106 8,900,830 * Ambassadors Group, Inc............................. 7,492 18,880 #* AMC Networks, Inc. Class A......................... 19,815 1,321,660 AMCON Distributing Co.............................. 116 9,425 #* America's Car-Mart, Inc............................ 9,404 499,446 * American Axle & Manufacturing Holdings, Inc........ 43,256 1,053,284 # American Eagle Outfitters, Inc..................... 117,270 1,646,471 #* American Public Education, Inc..................... 14,161 475,385 * ANN, Inc........................................... 56,925 1,884,217 * Apollo Education Group, Inc. Class A............... 94,239 2,380,477 Arctic Cat, Inc.................................... 9,368 314,952 Ark Restaurants Corp............................... 2,015 49,629 * Asbury Automotive Group, Inc....................... 32,033 2,377,169 * Ascena Retail Group, Inc........................... 99,092 1,145,504 #* Ascent Capital Group, Inc. Class A................. 8,599 363,824 # Autoliv, Inc....................................... 24,017 2,547,243 * AutoNation, Inc.................................... 71,863 4,284,472 * AutoZone, Inc...................................... 2,987 1,783,120 * Ballantyne Strong, Inc............................. 7,721 31,579 #* Barnes & Noble, Inc................................ 60,888 1,430,259 Bassett Furniture Industries, Inc.................. 6,115 135,875 Beasley Broadcast Group, Inc. Class A.............. 2,443 12,752 * Beazer Homes USA, Inc.............................. 9,480 149,784 # bebe stores, Inc................................... 30,225 108,206 #* Bed Bath & Beyond, Inc............................. 109,485 8,186,193 * Belmond, Ltd. Class A.............................. 66,013 725,483 Best Buy Co., Inc.................................. 158,375 5,574,800 Big 5 Sporting Goods Corp.......................... 15,787 188,023 # Big Lots, Inc...................................... 50,880 2,335,901 * Biglari Holdings, Inc.............................. 1,530 633,374 #* BJ's Restaurants, Inc.............................. 22,212 983,769 * Bloomin' Brands, Inc............................... 65,937 1,629,633 #* Blue Nile, Inc..................................... 4,746 147,506 Blyth, Inc......................................... 10,298 76,308 Bob Evans Farms, Inc............................... 19,277 1,086,644 # Bon-Ton Stores, Inc. (The)......................... 9,305 50,991 * Books-A-Million, Inc............................... 3,054 7,696 BorgWarner, Inc.................................... 80,647 4,355,744 # Bowl America, Inc. Class A......................... 1,280 18,560 #* Boyd Gaming Corp................................... 25,657 335,080 * Bravo Brio Restaurant Group, Inc................... 16,108 211,820 * Bridgepoint Education, Inc......................... 19,461 192,080 * Bright Horizons Family Solutions, Inc.............. 10,943 531,283 Brinker International, Inc......................... 33,703 1,969,266 Brown Shoe Co., Inc................................ 36,044 1,023,289 # Brunswick Corp..................................... 55,870 3,032,624 1352 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Buckle, Inc. (The)................................. 14,000 $ 711,060 #* Buffalo Wild Wings, Inc............................ 14,047 2,504,861 * Build-A-Bear Workshop, Inc......................... 12,722 262,328 #* Cabela's, Inc...................................... 43,917 2,413,239 # Cablevision Systems Corp. Class A.................. 71,554 1,353,802 # Callaway Golf Co................................... 59,390 484,622 * Cambium Learning Group, Inc........................ 38,040 95,480 * Canterbury Park Holding Corp....................... 200 2,010 Capella Education Co............................... 15,730 1,069,483 * Career Education Corp.............................. 47,471 264,888 #* CarMax, Inc........................................ 71,881 4,463,810 * Carmike Cinemas, Inc............................... 18,709 517,678 Carnival Corp...................................... 72,072 3,168,285 # Carriage Services, Inc............................. 11,783 256,869 * Carrols Restaurant Group, Inc...................... 21,033 167,423 Carter's, Inc...................................... 32,552 2,652,662 Cato Corp. (The) Class A........................... 23,957 1,015,777 * Cavco Industries, Inc.............................. 5,352 393,426 CBS Corp. Class A.................................. 4,358 243,852 CBS Corp. Class B.................................. 146,185 8,012,400 #* Charles & Colvard, Ltd............................. 12,152 21,874 * Charter Communications, Inc. Class A............... 17,945 2,711,759 # Cheesecake Factory, Inc. (The)..................... 62,573 3,285,708 Cherokee, Inc...................................... 2,845 51,722 Chico's FAS, Inc................................... 109,578 1,827,761 # Children's Place, Inc. (The)....................... 16,085 964,296 * Chipotle Mexican Grill, Inc........................ 5,000 3,549,200 Choice Hotels International, Inc................... 22,411 1,287,512 * Christopher & Banks Corp........................... 29,407 153,210 Churchill Downs, Inc............................... 12,105 1,149,854 #* Chuy's Holdings, Inc............................... 4,458 95,267 * Cinedigm Corp...................................... 34,161 50,900 Cinemark Holdings, Inc............................. 83,990 3,121,908 * Citi Trends, Inc................................... 16,515 378,028 Clear Channel Outdoor Holdings, Inc. Class A....... 22,155 200,503 ClubCorp Holdings, Inc............................. 5,727 97,416 Coach, Inc......................................... 34,358 1,277,774 Collectors Universe, Inc........................... 4,045 95,058 Columbia Sportswear Co............................. 44,028 1,871,190 Comcast Corp. Class A.............................. 610,862 32,464,261 # Comcast Corp. Special Class A...................... 154,874 8,192,835 #* Conn's, Inc........................................ 23,510 370,047 Cooper Tire & Rubber Co............................ 46,896 1,631,512 #* Cooper-Standard Holding, Inc....................... 474 24,767 Core-Mark Holding Co., Inc......................... 15,684 1,045,809 # Cracker Barrel Old Country Store, Inc.............. 22,541 3,031,990 * Crocs, Inc......................................... 47,895 507,687 * Crown Media Holdings, Inc. Class A................. 2,100 6,720 CSS Industries, Inc................................ 200 5,440 CST Brands, Inc.................................... 79,067 3,407,788 Culp, Inc.......................................... 7,429 149,249 * Cumulus Media, Inc. Class A........................ 53,897 187,562 # Dana Holding Corp.................................. 161,915 3,379,166 1353 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Darden Restaurants, Inc............................ 56,551 $ 3,471,100 #* Deckers Outdoor Corp............................... 24,392 1,611,092 * Del Frisco's Restaurant Group, Inc................. 13,142 260,606 Delphi Automotive P.L.C............................ 20,328 1,397,143 * Delta Apparel, Inc................................. 6,071 56,157 * Denny's Corp....................................... 21,919 238,479 Destination Maternity Corp......................... 9,223 141,204 #* Destination XL Group, Inc.......................... 29,731 151,033 DeVry Education Group, Inc......................... 40,126 1,701,744 * DGSE Cos., Inc..................................... 2,601 3,928 * Diamond Resorts International, Inc................. 6,571 186,485 Dick's Sporting Goods, Inc......................... 36,960 1,908,984 # Dillard's, Inc. Class A............................ 39,857 4,527,755 DineEquity, Inc.................................... 23,715 2,531,576 * DIRECTV............................................ 57,283 4,885,094 * Discovery Communications, Inc...................... 49,393 1,377,077 #* Discovery Communications, Inc. Class A............. 21,350 618,830 * Discovery Communications, Inc. Class B............. 1,077 30,242 * DISH Network Corp. Class A......................... 13,800 970,830 #* Dixie Group, Inc. (The)............................ 5,023 40,586 * Dollar General Corp................................ 106,699 7,155,235 * Dollar Tree, Inc................................... 32,442 2,306,626 Domino's Pizza, Inc................................ 24,441 2,420,881 #* Dorman Products, Inc............................... 28,336 1,295,805 DR Horton, Inc..................................... 98,728 2,420,811 #* DreamWorks Animation SKG, Inc. Class A............. 53,577 1,000,283 * Drew Industries, Inc............................... 25,438 1,279,023 DSW, Inc. Class A.................................. 48,834 1,736,537 # Dunkin' Brands Group, Inc.......................... 55,592 2,630,058 Educational Development Corp....................... 1,000 4,130 * Eldorado Resorts, Inc.............................. 9,052 35,891 # Emerson Radio Corp................................. 11,467 11,926 * Emmis Communications Corp. Class A................. 9,895 19,889 #* Empire Resorts, Inc................................ 895 5,281 #* Entercom Communications Corp. Class A.............. 17,582 203,424 # Entravision Communications Corp. Class A........... 63,162 389,710 # Escalade, Inc...................................... 5,585 85,115 # Ethan Allen Interiors, Inc......................... 19,917 542,141 * EVINE Live, Inc.................................... 29,967 187,893 #* EW Scripps Co. (The) Class A....................... 30,612 603,975 Expedia, Inc....................................... 11,934 1,025,489 * Express, Inc....................................... 30,887 404,002 Family Dollar Stores, Inc.......................... 13,459 1,024,230 #* Famous Dave's Of America, Inc...................... 4,600 139,242 #* Federal-Mogul Holdings Corp........................ 59,270 801,923 * Fiesta Restaurant Group, Inc....................... 13,204 779,960 Finish Line, Inc. (The) Class A.................... 40,407 953,605 #* Five Below, Inc.................................... 31,121 1,036,952 Flexsteel Industries, Inc.......................... 3,391 101,052 Foot Locker, Inc................................... 105,409 5,609,867 Ford Motor Co...................................... 991,239 14,581,126 * Fossil Group, Inc.................................. 27,932 2,731,750 #* Fox Factory Holding Corp........................... 4,796 72,851 1354 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Francesca's Holdings Corp.......................... 4,496 $ 71,307 # Fred's, Inc. Class A............................... 23,700 393,420 Frisch's Restaurants, Inc.......................... 2,647 73,322 #* FTD Cos., Inc...................................... 15,412 527,861 #* Fuel Systems Solutions, Inc........................ 9,951 106,874 * Full House Resorts, Inc............................ 5,091 6,975 #* G-III Apparel Group, Ltd........................... 19,899 1,934,183 * Gaiam, Inc. Class A................................ 9,924 72,644 # GameStop Corp. Class A............................. 100,258 3,534,094 * Gaming Partners International Corp................. 3,430 28,435 # Gannett Co., Inc................................... 141,487 4,387,512 Gap, Inc. (The).................................... 59,240 2,440,096 # Garmin, Ltd........................................ 56,321 2,948,968 #* Geeknet, Inc....................................... 1,480 11,603 General Motors Co.................................. 299,543 9,771,093 * Genesco, Inc....................................... 19,068 1,362,409 Gentex Corp........................................ 179,664 2,998,592 #* Gentherm, Inc...................................... 27,745 1,020,461 Genuine Parts Co................................... 38,934 3,618,526 GNC Holdings, Inc. Class A......................... 59,818 2,652,330 Goodyear Tire & Rubber Co. (The)................... 119,982 2,908,364 Graham Holdings Co. Class B........................ 4,575 4,279,089 * Grand Canyon Education, Inc........................ 39,066 1,711,872 #* Gray Television, Inc............................... 36,725 347,418 * Gray Television, Inc. Class A...................... 2,300 17,250 Group 1 Automotive, Inc............................ 20,076 1,613,910 #* Groupon, Inc....................................... 69,375 496,725 # Guess?, Inc........................................ 50,018 939,338 H&R Block, Inc..................................... 40,208 1,378,330 Hanesbrands, Inc................................... 17,637 1,964,409 Harley-Davidson, Inc............................... 36,430 2,247,731 Harman International Industries, Inc............... 13,904 1,802,376 Harte-Hanks, Inc................................... 42,124 306,241 # Hasbro, Inc........................................ 10,470 575,012 Haverty Furniture Cos., Inc........................ 15,234 372,167 Haverty Furniture Cos., Inc. Class A............... 717 17,803 * Helen of Troy, Ltd................................. 22,083 1,661,083 #* hhgregg, Inc....................................... 5,013 27,521 #* Hibbett Sports, Inc................................ 14,172 666,651 Home Depot, Inc. (The)............................. 110,670 11,556,161 Hooker Furniture Corp.............................. 7,263 131,025 #* Hovnanian Enterprises, Inc. Class A................ 14,667 50,454 # HSN, Inc........................................... 26,405 2,044,803 * Hyatt Hotels Corp. Class A......................... 10,629 597,988 #* Iconix Brand Group, Inc............................ 47,177 1,568,163 #* Ignite Restaurant Group, Inc....................... 960 6,566 International Game Technology...................... 67,629 1,144,283 International Speedway Corp. Class A............... 19,750 574,527 Interpublic Group of Cos., Inc. (The).............. 171,826 3,426,210 Interval Leisure Group, Inc........................ 37,962 876,163 #* iRobot Corp........................................ 14,269 450,187 * Isle of Capri Casinos, Inc......................... 10,913 111,749 Jack in the Box, Inc............................... 42,060 3,566,267 1355 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* JAKKS Pacific, Inc................................. 8,687 $ 52,296 #* Jamba, Inc......................................... 8,857 145,521 * Jarden Corp........................................ 84,015 4,034,400 #* JC Penney Co., Inc................................. 79,990 581,527 John Wiley & Sons, Inc. Class A.................... 33,377 2,068,039 John Wiley & Sons, Inc. Class B.................... 2,517 155,475 Johnson Controls, Inc.............................. 148,453 6,898,611 Johnson Outdoors, Inc. Class A..................... 3,558 106,740 * Journal Communications, Inc. Class A............... 30,219 303,701 * K12, Inc........................................... 24,447 347,636 #* Kate Spade & Co.................................... 24,539 773,715 # KB Home............................................ 49,212 613,182 #* Kirkland's, Inc.................................... 13,017 302,906 Kohl's Corp........................................ 104,486 6,239,904 * Kona Grill, Inc.................................... 6,014 141,329 #* Krispy Kreme Doughnuts, Inc........................ 41,725 812,386 L Brands, Inc...................................... 54,920 4,647,880 La-Z-Boy, Inc...................................... 38,537 1,028,553 * Lakeland Industries, Inc........................... 2,263 19,236 * Lands' End, Inc.................................... 10,001 346,935 Las Vegas Sands Corp............................... 31,071 1,689,330 #* LeapFrog Enterprises, Inc.......................... 38,049 90,557 Lear Corp.......................................... 32,574 3,268,801 * Learning Tree International, Inc................... 7,899 15,719 # Leggett & Platt, Inc............................... 86,310 3,679,395 Lennar Corp. Class A............................... 63,002 2,829,420 Lennar Corp. Class B............................... 14,859 536,558 Libbey, Inc........................................ 38,433 1,257,143 * Liberty Broadband Corp.(530307206)................. 145 7,178 * Liberty Broadband Corp.(530307305)................. 31,400 1,394,160 * Liberty Broadband Corp. Class A.................... 11,931 530,572 * Liberty Global P.L.C. Class A...................... 15,401 719,535 * Liberty Global P.L.C. Class B...................... 121 5,629 * Liberty Global P.L.C. Series C..................... 181,381 8,269,160 * Liberty Interactive Corp. Class A.................. 226,805 6,205,385 * Liberty Interactive Corp. Class B.................. 1,100 32,164 * Liberty Media Corp................................. 96,612 3,296,401 * Liberty Media Corp. Class A........................ 47,725 1,625,036 * Liberty Media Corp. Class B........................ 581 23,037 * Liberty Tax, Inc................................... 3,910 140,760 #* Liberty TripAdvisor Holdings, Inc. Class A......... 42,474 1,016,828 * Liberty TripAdvisor Holdings, Inc. Class B......... 110 2,785 * Liberty Ventures Series A.......................... 83,290 3,110,881 * Liberty Ventures Series B.......................... 266 10,389 #* Life Time Fitness, Inc............................. 31,324 1,712,483 Lifetime Brands, Inc............................... 8,849 139,637 Lincoln Educational Services Corp.................. 2,073 5,390 # Lions Gate Entertainment Corp...................... 36,263 1,041,836 Lithia Motors, Inc. Class A........................ 24,992 2,116,822 * Live Nation Entertainment, Inc..................... 140,392 3,337,118 * LKQ Corp........................................... 117,166 3,024,054 * Loral Space & Communications, Inc.................. 12,243 880,394 Lowe's Cos., Inc................................... 218,761 14,823,245 1356 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * Luby's, Inc........................................ 15,643 $ 76,338 #* Lululemon Athletica, Inc........................... 11,186 740,961 #* Lumber Liquidators Holdings, Inc................... 14,465 913,465 #* M/I Homes, Inc..................................... 24,207 499,632 # Macy's, Inc........................................ 127,411 8,139,015 #* Madison Square Garden Co. (The) Class A............ 47,436 3,593,277 Marcus Corp. (The)................................. 12,065 227,546 # Marine Products Corp............................... 19,424 140,436 #* MarineMax, Inc..................................... 16,534 421,782 # Marriott International, Inc. Class A............... 21,551 1,605,549 Marriott Vacations Worldwide Corp.................. 20,824 1,593,036 #* Martha Stewart Living Omnimedia, Inc. Class A...... 19,146 88,837 # Mattel, Inc........................................ 47,823 1,286,439 #* Mattress Firm Holding Corp......................... 256 14,751 * McClatchy Co. (The) Class A........................ 51,540 129,365 McDonald's Corp.................................... 102,238 9,450,881 # MDC Holdings, Inc.................................. 40,961 1,024,025 #* Media General, Inc................................. 10,569 151,137 Men's Wearhouse, Inc. (The)........................ 33,995 1,579,748 # Meredith Corp...................................... 26,656 1,387,711 #* Meritage Homes Corp................................ 32,240 1,173,858 * MGM Resorts International.......................... 198,297 3,862,826 * Michael Kors Holdings, Ltd......................... 20,635 1,460,752 * Modine Manufacturing Co............................ 46,116 562,154 * Mohawk Industries, Inc............................. 25,390 4,190,366 #* Monarch Casino & Resort, Inc....................... 11,770 203,621 # Monro Muffler Brake, Inc........................... 18,765 1,072,232 Morningstar, Inc................................... 9,594 638,864 * Motorcar Parts of America, Inc..................... 20,256 529,087 Movado Group, Inc.................................. 12,456 299,318 * Murphy USA, Inc.................................... 43,720 3,052,093 # NACCO Industries, Inc. Class A..................... 6,230 342,961 #* Nathan's Famous, Inc............................... 2,894 232,793 National CineMedia, Inc............................ 35,170 506,448 * Nautilus, Inc...................................... 33,583 478,222 * Netflix, Inc....................................... 3,200 1,413,760 * New York & Co., Inc................................ 40,255 92,587 # New York Times Co. (The) Class A................... 91,045 1,146,257 Newell Rubbermaid, Inc............................. 73,006 2,691,731 * News Corp. Class A................................. 94,070 1,400,702 #* News Corp. Class B................................. 32,607 470,845 # Nexstar Broadcasting Group, Inc. Class A........... 17,646 880,447 NIKE, Inc. Class B................................. 39,792 3,670,812 * Nobility Homes, Inc................................ 1,152 10,829 Nordstrom, Inc..................................... 31,682 2,414,168 * Norwegian Cruise Line Holdings, Ltd................ 32,586 1,425,963 # Nutrisystem, Inc................................... 23,167 412,836 * NVR, Inc........................................... 2,277 2,855,882 * O'Reilly Automotive, Inc........................... 38,194 7,156,028 * Office Depot, Inc.................................. 401,534 3,051,658 Omnicom Group, Inc................................. 41,994 3,057,163 * Orbitz Worldwide, Inc.............................. 62,335 575,352 #* Outerwall, Inc..................................... 18,448 1,145,252 1357 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) #* Overstock.com, Inc................................. 6,747 $ 150,998 Oxford Industries, Inc............................. 15,580 871,545 #* Pacific Sunwear of California, Inc................. 18,409 50,625 #* Panera Bread Co. Class A........................... 8,025 1,379,176 Papa John's International, Inc..................... 28,426 1,803,914 #* Penn National Gaming, Inc.......................... 63,392 948,978 Penske Automotive Group, Inc....................... 63,512 3,070,805 #* Pep Boys-Manny, Moe & Jack (The)................... 35,528 299,501 * Perfumania Holdings, Inc........................... 1,922 10,850 * Perry Ellis International, Inc..................... 10,487 250,744 # PetMed Express, Inc................................ 13,560 212,892 PetSmart, Inc...................................... 15,192 1,241,262 # Pier 1 Imports, Inc................................ 56,100 943,041 #* Pinnacle Entertainment, Inc........................ 34,461 728,850 # Polaris Industries, Inc............................ 10,800 1,561,572 Pool Corp.......................................... 24,941 1,551,580 * Popeyes Louisiana Kitchen, Inc..................... 13,182 756,910 * Priceline Group, Inc. (The)........................ 3,200 3,230,336 PulteGroup, Inc.................................... 210,129 4,326,556 PVH Corp........................................... 28,611 3,154,649 #* Quiksilver, Inc.................................... 32,960 61,635 #* Radio One, Inc. Class D............................ 841 1,581 Ralph Lauren Corp.................................. 19,351 3,229,488 #* RCI Hospitality Holdings, Inc...................... 7,006 68,309 #* Reading International, Inc. Class A................ 4,671 56,472 * Red Lion Hotels Corp............................... 10,267 65,914 #* Red Robin Gourmet Burgers, Inc..................... 12,535 971,462 # Regal Entertainment Group Class A.................. 43,225 914,641 * Regis Corp......................................... 38,861 612,061 Remy International, Inc............................ 9,338 198,619 # Rent-A-Center, Inc................................. 42,408 1,453,746 #* Rentrak Corp....................................... 5,384 414,191 * Restoration Hardware Holdings, Inc................. 11,265 986,025 Rocky Brands, Inc.................................. 3,771 51,700 Ross Stores, Inc................................... 33,503 3,072,560 Royal Caribbean Cruises, Ltd....................... 94,154 7,113,335 * Ruby Tuesday, Inc.................................. 39,344 236,851 Ruth's Hospitality Group, Inc...................... 47,930 695,944 Ryland Group, Inc. (The)........................... 30,920 1,241,438 # Saga Communications, Inc. Class A.................. 1,505 61,208 # Salem Communications Corp. Class A................. 8,669 60,423 * Sally Beauty Holdings, Inc......................... 51,479 1,599,967 Scholastic Corp.................................... 9,499 349,373 #* Scientific Games Corp. Class A..................... 58,483 690,684 # Scripps Networks Interactive, Inc. Class A......... 14,900 1,059,241 #* Sears Holdings Corp................................ 30,934 984,939 SeaWorld Entertainment, Inc........................ 28,306 495,638 #* Select Comfort Corp................................ 50,881 1,518,289 Service Corp. International........................ 169,602 3,838,093 #* Shiloh Industries, Inc............................. 12,491 152,765 Shoe Carnival, Inc................................. 16,793 389,933 #* Shutterfly, Inc.................................... 26,429 1,159,440 Signet Jewelers, Ltd............................... 48,553 5,880,254 1358 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Sinclair Broadcast Group, Inc. Class A............. 16,000 $ 395,840 * Sirius XM Holdings, Inc............................ 139,702 495,942 # Six Flags Entertainment Corp....................... 41,784 1,795,041 * Sizmek, Inc........................................ 21,039 125,392 #* Skechers U.S.A., Inc. Class A...................... 27,202 1,641,641 * Skullcandy, Inc.................................... 13,504 135,310 * Skyline Corp....................................... 3,075 11,531 #* Smith & Wesson Holding Corp........................ 1,842 22,657 Sonic Automotive, Inc. Class A..................... 33,294 820,031 Sonic Corp......................................... 33,893 1,025,941 # Sotheby's.......................................... 46,173 1,964,661 Spartan Motors, Inc................................ 22,035 114,802 # Speedway Motorsports, Inc.......................... 24,443 544,834 Stage Stores, Inc.................................. 34,216 684,320 # Standard Motor Products, Inc....................... 19,476 710,095 #* Standard Pacific Corp.............................. 156,082 1,095,696 * Stanley Furniture Co., Inc......................... 4,426 13,101 Staples, Inc....................................... 155,272 2,647,388 Starbucks Corp..................................... 36,500 3,194,845 Starwood Hotels & Resorts Worldwide, Inc........... 20,652 1,486,324 #* Starz.............................................. 62,748 1,852,321 * Starz Class B...................................... 581 17,291 Stein Mart, Inc.................................... 32,210 443,210 * Steiner Leisure, Ltd............................... 9,935 433,365 * Steven Madden, Ltd................................. 58,611 2,012,702 * Stoneridge, Inc.................................... 26,380 332,916 # Strattec Security Corp............................. 1,897 119,511 #* Strayer Education, Inc............................. 6,699 448,833 # Sturm Ruger & Co., Inc............................. 10,514 424,766 # Superior Industries International, Inc............. 19,713 359,762 Superior Uniform Group, Inc........................ 4,706 178,593 Sypris Solutions, Inc.............................. 8,523 20,413 #* Systemax, Inc...................................... 21,834 285,370 Tandy Leather Factory, Inc......................... 9,590 81,899 Target Corp........................................ 150,427 11,072,931 #* Taylor Morrison Home Corp. Class A................. 14,154 251,517 * Tempur Sealy International, Inc.................... 19,002 1,045,680 * Tenneco, Inc....................................... 22,191 1,141,061 #* Tesla Motors, Inc.................................. 7,691 1,565,888 # Texas Roadhouse, Inc............................... 63,815 2,143,546 Thor Industries, Inc............................... 38,579 2,173,927 Tiffany & Co....................................... 20,196 1,749,781 * Tilly's, Inc. Class A.............................. 5,364 73,701 Time Warner Cable, Inc............................. 88,298 12,020,007 Time Warner, Inc................................... 332,717 25,928,636 Time, Inc.......................................... 27,872 697,915 TJX Cos., Inc. (The)............................... 56,625 3,733,852 #* Toll Brothers, Inc................................. 111,571 3,862,588 * Tower International, Inc........................... 17,131 405,491 # Town Sports International Holdings, Inc............ 10,634 69,972 Tractor Supply Co.................................. 49,600 4,026,032 Trans World Entertainment Corp..................... 900 3,123 #* TRI Pointe Homes, Inc.............................. 10,687 153,145 1359 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) * TripAdvisor, Inc................................... 13,565 $ 908,991 * TRW Automotive Holdings Corp....................... 54,943 5,668,469 #* Tuesday Morning Corp............................... 18,100 320,370 #* Tumi Holdings, Inc................................. 35,878 813,354 # Tupperware Brands Corp............................. 11,780 796,446 # Twenty-First Century Fox, Inc. Class A............. 210,181 6,969,602 Twenty-First Century Fox, Inc. Class B............. 61,450 1,957,182 * Ulta Salon Cosmetics & Fragrance, Inc.............. 19,777 2,609,377 #* Under Armour, Inc. Class A......................... 25,200 1,816,416 * Unifi, Inc......................................... 12,128 390,885 * Universal Electronics, Inc......................... 10,786 687,500 Universal Technical Institute, Inc................. 16,126 131,749 #* Urban Outfitters, Inc.............................. 98,431 3,431,305 * US Auto Parts Network, Inc......................... 16,002 37,605 Vail Resorts, Inc.................................. 28,250 2,479,220 Value Line, Inc.................................... 1,300 19,721 VF Corp............................................ 62,060 4,305,102 Viacom, Inc. Class A............................... 1,366 88,571 Viacom, Inc. Class B............................... 50,371 3,244,900 * Visteon Corp....................................... 40,843 3,959,729 #* Vitamin Shoppe, Inc................................ 18,946 800,847 #* VOXX International Corp............................ 15,649 125,192 Walt Disney Co. (The).............................. 365,590 33,254,066 #* Weight Watchers International, Inc................. 12,265 203,108 # Wendy's Co. (The).................................. 271,152 2,857,942 #* West Marine, Inc................................... 14,715 176,580 Weyco Group, Inc................................... 5,289 142,909 Whirlpool Corp..................................... 33,249 6,619,211 * William Lyon Homes Class A......................... 2,714 51,783 Williams-Sonoma, Inc............................... 39,182 3,065,991 # Winmark Corp....................................... 2,565 209,073 # Winnebago Industries, Inc.......................... 27,214 541,286 # Wolverine World Wide, Inc.......................... 62,657 1,763,795 Wyndham Worldwide Corp............................. 68,891 5,772,377 # Wynn Resorts, Ltd.................................. 6,767 1,001,178 Yum! Brands, Inc................................... 33,855 2,447,039 * Zagg, Inc.......................................... 29,413 177,360 #* Zumiez, Inc........................................ 27,326 1,018,987 ------------ Total Consumer Discretionary........................... 792,056,140 ------------ Consumer Staples -- (5.6%) Alico, Inc......................................... 4,420 210,127 * Alliance One International, Inc.................... 47,411 49,782 Altria Group, Inc.................................. 141,174 7,496,339 Andersons, Inc. (The).............................. 19,940 896,901 Archer-Daniels-Midland Co.......................... 123,254 5,747,334 # Avon Products, Inc................................. 14,923 115,504 # B&G Foods, Inc..................................... 58,553 1,747,222 #* Boston Beer Co., Inc. (The) Class A................ 4,362 1,371,936 #* Boulder Brands, Inc................................ 41,360 414,841 * Bridgford Foods Corp............................... 2,509 20,185 # Brown-Forman Corp. Class A......................... 5,843 518,391 Brown-Forman Corp. Class B......................... 7,762 689,809 1360 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Bunge, Ltd......................................... 59,121 $ 5,293,103 # Cal-Maine Foods, Inc............................... 35,770 1,253,738 # Calavo Growers, Inc................................ 12,456 499,610 # Campbell Soup Co................................... 47,390 2,167,619 Casey's General Stores, Inc........................ 37,756 3,447,123 * CCA Industries, Inc................................ 3,031 10,608 * Central Garden and Pet Co.......................... 10,091 85,269 #* Central Garden and Pet Co. Class A................. 28,381 258,267 #* Chefs' Warehouse, Inc. (The)....................... 3,199 68,427 Church & Dwight Co., Inc........................... 39,888 3,227,737 Clorox Co. (The)................................... 20,053 2,139,856 Coca-Cola Bottling Co. Consolidated................ 5,655 551,589 Coca-Cola Co. (The)................................ 322,507 13,277,613 Coca-Cola Enterprises, Inc......................... 101,115 4,256,941 Colgate-Palmolive Co............................... 76,902 5,192,423 ConAgra Foods, Inc................................. 122,978 4,357,111 * Constellation Brands, Inc. Class A................. 78,551 8,675,958 #* Constellation Brands, Inc. Class B................. 1,902 215,848 Costco Wholesale Corp.............................. 41,646 5,954,962 #* Craft Brew Alliance, Inc........................... 9,963 118,560 #* Crimson Wine Group, Ltd............................ 9,858 88,722 CVS Health Corp.................................... 278,252 27,313,216 * Darling Ingredients, Inc........................... 90,724 1,540,494 # Dean Foods Co...................................... 63,561 1,151,725 #* Diamond Foods, Inc................................. 12,487 306,930 Dr Pepper Snapple Group, Inc....................... 96,332 7,443,574 Energizer Holdings, Inc............................ 19,800 2,534,598 Estee Lauder Cos., Inc. (The) Class A.............. 17,200 1,214,148 #* Farmer Bros. Co.................................... 11,705 350,097 # Flowers Foods, Inc................................. 99,303 1,942,367 Fresh Del Monte Produce, Inc....................... 47,043 1,582,056 #* Fresh Market, Inc. (The)........................... 8,840 336,892 General Mills, Inc................................. 52,750 2,768,320 Golden Enterprises, Inc............................ 1,623 5,827 #* Hain Celestial Group, Inc. (The)................... 56,000 2,955,120 * Harbinger Group, Inc............................... 907 11,328 # Herbalife, Ltd..................................... 14,046 428,122 Hershey Co. (The).................................. 6,900 705,249 Hormel Foods Corp.................................. 49,862 2,553,932 Ingles Markets, Inc. Class A....................... 10,580 451,237 Ingredion, Inc..................................... 50,995 4,112,237 Inter Parfums, Inc................................. 21,049 529,382 * Inventure Foods, Inc............................... 7,710 78,411 J&J Snack Foods Corp............................... 13,187 1,293,908 JM Smucker Co. (The)............................... 42,558 4,389,858 # John B. Sanfilippo & Son, Inc...................... 5,285 192,744 Kellogg Co......................................... 20,141 1,320,847 Keurig Green Mountain, Inc......................... 13,801 1,691,451 Kimberly-Clark Corp................................ 30,133 3,253,159 Kraft Foods Group, Inc............................. 91,292 5,965,019 Kroger Co. (The)................................... 77,243 5,333,629 Lancaster Colony Corp.............................. 19,955 1,794,553 #* Landec Corp........................................ 23,747 303,249 1361 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) #* Lifeway Foods, Inc................................. 2,867 $ 52,466 Limoneira Co....................................... 2,054 42,723 Lorillard, Inc..................................... 21,186 1,390,013 McCormick & Co., Inc.(579780107)................... 1,238 88,808 # McCormick & Co., Inc.(579780206)................... 10,400 742,456 Mead Johnson Nutrition Co.......................... 19,400 1,910,706 #* Medifast, Inc...................................... 16,003 507,135 MGP Ingredients, Inc............................... 9,650 153,049 # Molson Coors Brewing Co. Class A................... 266 21,918 Molson Coors Brewing Co. Class B................... 68,183 5,177,135 Mondelez International, Inc. Class A............... 271,871 9,580,734 * Monster Beverage Corp.............................. 27,273 3,189,577 * National Beverage Corp............................. 23,726 515,803 * Natural Alternatives International, Inc............ 2,465 13,114 * Natural Grocers by Vitamin Cottage, Inc............ 1,698 52,298 # Nu Skin Enterprises, Inc. Class A.................. 24,814 1,016,878 #* Nutraceutical International Corp................... 6,531 127,616 # Oil-Dri Corp. of America........................... 3,793 116,142 * Omega Protein Corp................................. 17,471 184,144 # Orchids Paper Products Co.......................... 3,703 100,981 * Pantry, Inc. (The)................................. 20,173 744,384 PepsiCo, Inc....................................... 148,327 13,910,106 Philip Morris International, Inc................... 101,831 8,170,919 Pilgrim's Pride Corp............................... 77,033 2,091,446 Pinnacle Foods, Inc................................ 30,600 1,100,682 #* Post Holdings, Inc................................. 26,808 1,266,678 # Pricesmart, Inc.................................... 19,158 1,566,741 Procter & Gamble Co. (The)......................... 294,062 24,786,486 * Reliv International, Inc........................... 2,118 2,563 #* Revlon, Inc. Class A............................... 21,354 699,130 Reynolds American, Inc............................. 39,700 2,697,615 * Rite Aid Corp...................................... 267,434 1,866,689 Rocky Mountain Chocolate Factory, Inc.............. 4,490 60,839 # Sanderson Farms, Inc............................... 29,897 2,390,564 #* Seaboard Corp...................................... 346 1,323,447 #* Seneca Foods Corp. Class A......................... 5,987 154,944 * Seneca Foods Corp. Class B......................... 283 9,977 Snyder's-Lance, Inc................................ 47,219 1,373,601 SpartanNash Co..................................... 24,383 628,106 Spectrum Brands Holdings, Inc...................... 35,205 3,157,184 #* Sprouts Farmers Market, Inc........................ 32,587 1,186,493 #* SUPERVALU, Inc..................................... 140,193 1,365,480 Sysco Corp......................................... 43,612 1,708,282 # Tootsie Roll Industries, Inc....................... 25,629 799,369 #* TreeHouse Foods, Inc............................... 26,948 2,444,184 Tyson Foods, Inc. Class A.......................... 140,474 5,484,105 #* United Natural Foods, Inc.......................... 28,272 2,184,860 United-Guardian, Inc............................... 1,431 30,623 # Universal Corp..................................... 14,346 576,135 #* USANA Health Sciences, Inc......................... 9,882 968,831 # Vector Group, Ltd.................................. 36,013 805,971 Village Super Market, Inc. Class A................. 4,498 130,307 Wal-Mart Stores, Inc............................... 278,096 23,632,598 1362 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) Walgreens Boots Alliance, Inc...................... 131,162 $ 9,673,197 # WD-40 Co........................................... 11,814 969,457 # Weis Markets, Inc.................................. 17,419 798,313 * WhiteWave Foods Co. (The) Class A.................. 60,740 2,002,598 Whole Foods Market, Inc............................ 44,927 2,340,472 ------------ Total Consumer Staples................................. 316,360,206 ------------ Energy -- (8.3%) # Adams Resources & Energy, Inc...................... 2,611 151,542 # Alon USA Energy, Inc............................... 52,811 637,957 Anadarko Petroleum Corp............................ 156,692 12,809,571 Apache Corp........................................ 89,810 5,619,412 #* Approach Resources, Inc............................ 10,412 65,283 # Atwood Oceanics, Inc............................... 44,773 1,279,612 Baker Hughes, Inc.................................. 74,114 4,297,871 * Barnwell Industries, Inc........................... 1,657 4,764 #* Basic Energy Services, Inc......................... 27,615 162,376 #* Bill Barrett Corp.................................. 12,416 126,643 #* Bonanza Creek Energy, Inc.......................... 31,426 819,590 # Bristow Group, Inc................................. 24,557 1,368,070 #* C&J Energy Services, Inc........................... 37,172 382,872 Cabot Oil & Gas Corp............................... 235,476 6,240,114 #* California Resources Corp.......................... 93,415 478,285 * Callon Petroleum Co................................ 26,144 142,485 * Cameron International Corp......................... 71,494 3,201,501 # CARBO Ceramics, Inc................................ 13,710 449,414 * Carrizo Oil & Gas, Inc............................. 46,648 2,103,825 * Cheniere Energy, Inc............................... 39,587 2,825,720 # Chesapeake Energy Corp............................. 315,693 6,054,992 Chevron Corp....................................... 423,827 43,454,982 Cimarex Energy Co.................................. 39,297 4,055,450 #* Clayton Williams Energy, Inc....................... 10,542 589,298 #* Clean Energy Fuels Corp............................ 20,700 86,319 #* Cloud Peak Energy, Inc............................. 24,518 166,477 * Cobalt International Energy, Inc................... 17,922 163,449 # Comstock Resources, Inc............................ 18,712 75,596 * Concho Resources, Inc.............................. 39,593 4,388,884 ConocoPhillips..................................... 334,394 21,060,134 CONSOL Energy, Inc................................. 49,258 1,426,019 #* Contango Oil & Gas Co.............................. 11,115 334,228 #* Continental Resources, Inc......................... 6,904 313,442 # CVR Energy, Inc.................................... 17,652 676,425 # Dawson Geophysical Co.............................. 4,693 50,637 Delek US Holdings, Inc............................. 53,388 1,647,020 # Denbury Resources, Inc............................. 179,531 1,238,764 Devon Energy Corp.................................. 69,739 4,203,170 # DHT Holdings, Inc.................................. 6,445 47,371 # Diamond Offshore Drilling, Inc..................... 71,158 2,243,612 * Diamondback Energy, Inc............................ 19,997 1,379,593 * Dresser-Rand Group, Inc............................ 34,300 2,746,744 * Dril-Quip, Inc..................................... 20,370 1,512,065 # Energen Corp....................................... 19,342 1,226,670 * ENGlobal Corp...................................... 13,358 24,044 1363 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) EnLink Midstream LLC............................... 36,951 $ 1,169,130 EOG Resources, Inc................................. 200,013 17,807,157 EQT Corp........................................... 15,391 1,145,706 * Era Group, Inc..................................... 15,115 340,390 Evolution Petroleum Corp........................... 11,348 83,408 Exterran Holdings, Inc............................. 44,829 1,215,314 Exxon Mobil Corp................................... 1,180,695 103,216,357 * FieldPoint Petroleum Corp.......................... 3,800 6,878 * FMC Technologies, Inc.............................. 32,475 1,217,163 * Forum Energy Technologies, Inc..................... 25,171 388,892 # GasLog, Ltd........................................ 28,810 503,887 * Gastar Exploration, Inc............................ 56,282 131,700 #* Geospace Technologies Corp......................... 7,326 175,677 # Green Plains, Inc.................................. 20,658 483,604 * Gulf Coast Ultra Deep Royalty Trust................ 101,362 108,457 # Gulf Island Fabrication, Inc....................... 9,330 154,598 # Gulfmark Offshore, Inc. Class A.................... 16,100 317,653 * Gulfport Energy Corp............................... 32,630 1,255,929 Halliburton Co..................................... 112,980 4,518,070 #* Harvest Natural Resources, Inc..................... 16,817 10,549 * Helix Energy Solutions Group, Inc.................. 91,889 1,724,757 # Helmerich & Payne, Inc............................. 47,022 2,800,630 #* Hercules Offshore, Inc............................. 13,000 9,360 Hess Corp.......................................... 67,481 4,554,293 HollyFrontier Corp................................. 105,180 3,778,066 * Hornbeck Offshore Services, Inc.................... 19,815 439,893 #* ION Geophysical Corp............................... 89,320 200,970 * Key Energy Services, Inc........................... 42,054 70,651 Kinder Morgan, Inc................................. 330,063 13,549,086 * Kosmos Energy, Ltd................................. 103,930 911,466 #* Laredo Petroleum Holdings, Inc..................... 39,938 391,792 # LinnCo LLC......................................... 51,086 527,718 Marathon Oil Corp.................................. 202,042 5,374,317 Marathon Petroleum Corp............................ 89,535 8,290,046 #* Matador Resources Co............................... 62,911 1,356,361 * Matrix Service Co.................................. 21,051 404,179 * Mitcham Industries, Inc............................ 4,347 24,387 Murphy Oil Corp.................................... 62,633 2,812,848 Nabors Industries, Ltd............................. 156,516 1,801,499 National Oilwell Varco, Inc........................ 88,107 4,795,664 * Natural Gas Services Group, Inc.................... 9,446 190,715 * Newfield Exploration Co............................ 93,877 2,795,657 #* Newpark Resources, Inc............................. 63,019 544,484 # Noble Corp. P.L.C.................................. 98,601 1,599,308 Noble Energy, Inc.................................. 82,164 3,922,509 #* Northern Oil and Gas, Inc.......................... 28,530 179,168 #* Nuverra Environmental Solutions, Inc............... 7,871 17,552 #* Oasis Petroleum, Inc............................... 73,574 988,835 Occidental Petroleum Corp.......................... 233,538 18,683,040 Oceaneering International, Inc..................... 44,450 2,327,402 * Oil States International, Inc...................... 43,982 1,806,341 ONEOK, Inc......................................... 87,909 3,870,633 #* Pacific Drilling SA................................ 1,660 5,528 1364 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) # Panhandle Oil and Gas, Inc. Class A................ 19,348 $ 405,147 # Paragon Offshore P.L.C............................. 36,074 75,395 * Parker Drilling Co................................. 78,886 213,781 Patterson-UTI Energy, Inc.......................... 100,324 1,721,560 PBF Energy, Inc. Class A........................... 49,927 1,402,949 #* PDC Energy, Inc.................................... 20,789 955,047 #* Penn Virginia Corp................................. 41,259 201,344 * PetroQuest Energy, Inc............................. 57,505 168,490 #* PHI, Inc. Non-Voting............................... 9,637 329,682 * PHI, Inc. Voting................................... 212 7,267 Phillips 66........................................ 121,817 8,566,171 * Pioneer Energy Services Corp....................... 39,527 163,642 Pioneer Natural Resources Co....................... 14,627 2,201,802 QEP Resources, Inc................................. 139,496 2,820,609 # Range Resources Corp............................... 37,207 1,721,568 #* Renewable Energy Group, Inc........................ 25,557 223,368 #* REX American Resources Corp........................ 5,662 314,298 #* Rex Energy Corp.................................... 24,547 86,896 #* RigNet, Inc........................................ 7,949 272,015 #* Rosetta Resources, Inc............................. 50,090 855,036 # Rowan Cos. P.L.C. Class A.......................... 42,946 907,020 # RPC, Inc........................................... 108,670 1,355,115 #* SandRidge Energy, Inc.............................. 229,480 323,567 Schlumberger, Ltd.................................. 159,494 13,140,711 # Scorpio Tankers, Inc............................... 126,652 996,751 #* SEACOR Holdings, Inc............................... 15,224 1,095,367 SemGroup Corp. Class A............................. 29,805 2,006,771 #* Seventy Seven Energy, Inc.......................... 21,065 83,207 # Ship Finance International, Ltd.................... 57,055 792,494 # SM Energy Co....................................... 57,179 2,162,510 #* Southwestern Energy Co............................. 185,604 4,601,123 Spectra Energy Corp................................ 36,389 1,216,848 * Steel Excel, Inc................................... 7,165 171,530 #* Stone Energy Corp.................................. 32,742 461,007 Superior Energy Services, Inc...................... 90,662 1,813,240 #* Synergy Resources Corp............................. 60,544 740,453 #* Synthesis Energy Systems, Inc...................... 9,454 6,684 Targa Resources Corp............................... 14,064 1,221,177 # Teekay Corp........................................ 50,607 2,142,194 Tesco Corp......................................... 31,927 326,932 Tesoro Corp........................................ 90,159 7,368,695 #* TETRA Technologies, Inc............................ 49,726 245,646 #* TGC Industries, Inc................................ 12,632 25,264 # Tidewater, Inc..................................... 27,503 804,738 # Transocean, Ltd.................................... 86,308 1,406,820 #* Triangle Petroleum Corp............................ 66,682 350,081 #* Ultra Petroleum Corp............................... 38,154 486,464 #* Unit Corp.......................................... 34,501 1,027,440 #* Uranium Energy Corp................................ 8,045 10,217 # US Silica Holdings, Inc............................ 24,885 627,102 #* Vaalco Energy, Inc................................. 46,565 257,970 Valero Energy Corp................................. 171,420 9,064,690 # W&T Offshore, Inc.................................. 32,786 165,897 1365 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) #* Warren Resources, Inc.............................. 53,566 $ 56,244 * Weatherford International P.L.C.................... 339,927 3,511,446 Western Refining, Inc.............................. 99,647 3,699,893 * Westmoreland Coal Co............................... 10,468 273,005 * Whiting Petroleum Corp............................. 88,643 2,661,063 #* Willbros Group, Inc................................ 48,481 270,524 Williams Cos., Inc. (The).......................... 58,785 2,578,310 World Fuel Services Corp........................... 44,069 2,158,059 #* WPX Energy, Inc.................................... 132,867 1,416,362 * Yuma Energy, Inc................................... 1,933 3,209 * Zion Oil & Gas, Inc................................ 4,888 7,332 ------------ Total Energy........................................... 464,079,205 ------------ Financials -- (15.0%) 1st Source Corp.................................... 18,724 556,665 Access National Corp............................... 2,539 45,347 ACE, Ltd........................................... 56,534 6,103,411 * Affiliated Managers Group, Inc..................... 11,784 2,421,848 Aflac, Inc......................................... 89,101 5,085,885 Alexander & Baldwin, Inc........................... 45,270 1,732,030 * Alleghany Corp..................................... 7,307 3,230,352 Alliance Bancorp, Inc. of Pennsylvania............. 600 10,476 Allied World Assurance Co. Holdings AG............. 74,679 2,887,837 Allstate Corp. (The)............................... 109,667 7,653,660 #* Altisource Asset Management Corp................... 743 118,880 #* Altisource Portfolio Solutions SA.................. 9,318 188,969 #* Ambac Financial Group, Inc......................... 14,625 357,581 American Equity Investment Life Holding Co......... 65,745 1,677,155 American Express Co................................ 98,312 7,932,795 American Financial Group, Inc...................... 68,646 3,984,214 * American Independence Corp......................... 75 832 American International Group, Inc.................. 279,806 13,674,119 # American National Bankshares, Inc.................. 3,215 69,187 American National Insurance Co..................... 10,370 1,078,895 * American River Bankshares.......................... 2,071 20,461 o* American Spectrum Realty, Inc...................... 450 284 Ameriprise Financial, Inc.......................... 55,806 6,972,402 Ameris Bancorp..................................... 19,725 475,964 AMERISAFE, Inc..................................... 13,726 558,648 AmeriServ Financial, Inc........................... 3,367 10,067 # Amtrust Financial Services, Inc.................... 54,589 2,763,295 Aon P.L.C.......................................... 47,566 4,283,318 * Arch Capital Group, Ltd............................ 57,133 3,312,000 Argo Group International Holdings, Ltd............. 21,992 1,176,352 Arrow Financial Corp............................... 8,074 206,452 Arthur J Gallagher & Co............................ 38,758 1,722,018 # Artisan Partners Asset Management, Inc. Class A.... 8,971 433,030 Aspen Insurance Holdings, Ltd...................... 50,732 2,197,710 # Associated Banc-Corp............................... 125,940 2,117,051 Assurant, Inc...................................... 51,999 3,302,456 Assured Guaranty, Ltd.............................. 130,351 3,183,171 * Asta Funding, Inc.................................. 7,725 65,585 Astoria Financial Corp............................. 75,600 924,588 1366 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) #* Atlanticus Holdings Corp........................... 12,895 $ 33,011 Auburn National Bancorporation, Inc................ 757 17,790 #* AV Homes, Inc...................................... 4,357 65,311 Axis Capital Holdings, Ltd......................... 65,306 3,324,075 Baldwin & Lyons, Inc. Class A...................... 298 7,048 Baldwin & Lyons, Inc. Class B...................... 6,095 140,795 Banc of California, Inc............................ 7,068 72,447 Bancfirst Corp..................................... 10,906 628,840 #* Bancorp, Inc. (The)................................ 22,034 187,730 BancorpSouth, Inc.................................. 81,915 1,626,013 Bank Mutual Corp................................... 31,301 199,387 Bank of America Corp............................... 1,870,912 28,344,317 Bank of Commerce Holdings.......................... 4,204 23,963 # Bank of Hawaii Corp................................ 33,755 1,905,807 Bank of Kentucky Financial Corp (The).............. 1,629 72,393 Bank of New York Mellon Corp. (The)................ 161,097 5,799,492 # Bank of the Ozarks, Inc............................ 50,722 1,644,914 BankFinancial Corp................................. 11,704 132,372 BankUnited, Inc.................................... 65,937 1,823,817 Banner Corp........................................ 21,141 853,674 Bar Harbor Bankshares.............................. 2,607 80,035 BB&T Corp.......................................... 130,008 4,587,982 # BBCN Bancorp, Inc.................................. 66,721 864,037 #* BBX Capital Corp. Class A.......................... 3,756 53,110 BCB Bancorp, Inc................................... 2,691 31,243 #* Bear State Financial, Inc.......................... 110 1,190 #* Beneficial Bancorp, Inc............................ 57,283 618,084 * Berkshire Hathaway, Inc. Class B................... 120,479 17,338,133 Berkshire Hills Bancorp, Inc....................... 18,621 463,663 BGC Partners, Inc. Class A......................... 271,149 2,123,097 BlackRock, Inc..................................... 23,004 7,833,092 #* BofI Holding, Inc.................................. 13,947 1,176,569 # BOK Financial Corp................................. 37,587 2,033,833 # Boston Private Financial Holdings, Inc............. 59,787 657,657 Bridge Bancorp, Inc................................ 1,438 35,490 * Bridge Capital Holdings............................ 1,976 43,176 Brookline Bancorp, Inc............................. 62,224 597,350 Brown & Brown, Inc................................. 103,387 3,189,489 Bryn Mawr Bank Corp................................ 10,006 291,675 C&F Financial Corp................................. 353 12,457 Calamos Asset Management, Inc. Class A............. 16,584 208,129 California First National Bancorp.................. 1,859 25,654 Camden National Corp............................... 5,283 196,316 Cape Bancorp, Inc.................................. 1,253 10,813 * Capital Bank Financial Corp. Class A............... 1,898 46,349 # Capital City Bank Group, Inc....................... 9,251 138,765 Capital One Financial Corp......................... 121,877 8,922,615 # Capitol Federal Financial, Inc..................... 115,543 1,439,666 Cardinal Financial Corp............................ 33,061 588,816 * Carolina Bank Holdings, Inc........................ 900 8,820 * Cascade Bancorp.................................... 15,277 70,580 # Cash America International, Inc.................... 23,782 494,666 Cathay General Bancorp............................. 67,423 1,610,735 1367 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) CBOE Holdings, Inc................................. 32,258 $ 2,079,673 * CBRE Group, Inc. Class A........................... 37,078 1,199,103 Centerstate Banks, Inc............................. 24,913 274,292 # Central Pacific Financial Corp..................... 18,633 390,920 Century Bancorp, Inc. Class A...................... 1,308 50,724 Charles Schwab Corp. (The)......................... 80,456 2,090,247 Chemical Financial Corp............................ 24,206 686,482 Chicopee Bancorp, Inc.............................. 3,900 64,194 Chubb Corp. (The).................................. 53,621 5,249,496 Cincinnati Financial Corp.......................... 70,627 3,567,370 CIT Group, Inc..................................... 76,670 3,359,679 Citigroup, Inc..................................... 570,775 26,797,886 Citizens Community Bancorp, Inc.................... 1,100 10,027 Citizens Holding Co................................ 200 3,724 #* Citizens, Inc...................................... 28,479 205,618 City Holding Co.................................... 11,662 493,652 City National Corp................................. 37,071 3,213,685 CKX Lands, Inc..................................... 39 587 # Clifton Bancorp, Inc............................... 20,542 272,387 CME Group, Inc..................................... 63,511 5,417,488 CNA Financial Corp................................. 74,047 2,884,871 # CNB Financial Corp................................. 5,633 95,761 CNO Financial Group, Inc........................... 150,916 2,342,216 CoBiz Financial, Inc............................... 29,710 323,839 Codorus Valley Bancorp, Inc........................ 565 11,340 # Cohen & Steers, Inc................................ 9,219 387,936 * Colonial Financial Services, Inc................... 721 9,557 * Colony Bankcorp, Inc............................... 327 2,439 Columbia Banking System, Inc....................... 44,503 1,131,711 Comerica, Inc...................................... 78,865 3,272,897 # Commerce Bancshares, Inc........................... 70,826 2,833,040 Commercial National Financial Corp................. 923 20,444 Community Bank Shares of Indiana, Inc.............. 15 405 # Community Bank System, Inc......................... 33,273 1,118,971 * Community Bankers Trust Corp....................... 700 3,052 Community Trust Bancorp, Inc....................... 14,272 450,710 ConnectOne Bancorp, Inc............................ 12,425 228,620 # Consolidated-Tomoka Land Co........................ 4,611 251,530 * Consumer Portfolio Services, Inc................... 13,230 74,088 #* Cowen Group, Inc. Class A.......................... 83,302 346,536 Crawford & Co. Class A............................. 16,580 128,495 # Crawford & Co. Class B............................. 16,901 158,024 #* Credit Acceptance Corp............................. 14,217 2,241,168 # Cullen/Frost Bankers, Inc.......................... 42,390 2,640,897 #* Customers Bancorp, Inc............................. 8,107 159,303 # CVB Financial Corp................................. 71,868 1,049,991 Diamond Hill Investment Group, Inc................. 1,238 161,014 Dime Community Bancshares, Inc..................... 36,894 544,555 Discover Financial Services........................ 116,309 6,324,883 Donegal Group, Inc. Class A........................ 14,239 227,682 Donegal Group, Inc. Class B........................ 1,947 45,414 * E*TRADE Financial Corp............................. 169,915 3,916,541 * Eagle Bancorp, Inc................................. 610 20,862 1368 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) East West Bancorp, Inc............................. 98,207 $3,553,129 * Eastern Virginia Bankshares, Inc................... 889 5,556 Eaton Vance Corp................................... 43,967 1,769,672 #* eHealth, Inc....................................... 11,757 120,392 EMC Insurance Group, Inc........................... 7,870 253,886 Employers Holdings, Inc............................ 27,095 563,576 #* Encore Capital Group, Inc.......................... 18,113 674,166 Endurance Specialty Holdings, Ltd.................. 38,019 2,323,721 * Enova International, Inc........................... 21,079 405,771 * Enstar Group, Ltd.................................. 9,932 1,340,522 # Enterprise Bancorp, Inc............................ 3,460 70,757 Enterprise Financial Services Corp................. 11,546 220,644 Erie Indemnity Co. Class A......................... 23,960 2,076,374 ESB Financial Corp................................. 7,462 124,690 ESSA Bancorp, Inc.................................. 7,111 86,399 Evans Bancorp, Inc................................. 807 19,086 # EverBank Financial Corp............................ 3,211 56,032 Evercore Partners, Inc. Class A.................... 29,082 1,392,155 Everest Re Group, Ltd.............................. 24,621 4,219,547 #* Ezcorp, Inc. Class A............................... 19,715 203,262 * Farmers Capital Bank Corp.......................... 1,450 32,393 FBL Financial Group, Inc. Class A.................. 19,223 1,003,248 Federal Agricultural Mortgage Corp. Class A........ 635 14,446 Federal Agricultural Mortgage Corp. Class C........ 7,305 201,253 # Federated Investors, Inc. Class B.................. 49,210 1,555,528 Federated National Holding Co...................... 12,792 372,375 Fidelity Southern Corp............................. 5,109 78,117 Fifth Third Bancorp................................ 350,750 6,067,975 # Financial Engines, Inc............................. 2,609 93,663 Financial Institutions, Inc........................ 10,300 226,909 * First Acceptance Corp.............................. 16,289 37,953 # First American Financial Corp...................... 70,958 2,413,991 First Bancorp, Inc................................. 3,162 52,426 * First BanCorp.(318672706).......................... 44,924 246,633 First Bancorp.(318910106).......................... 10,815 179,529 First Busey Corp................................... 58,051 357,594 First Business Financial Services, Inc............. 1,140 49,898 #* First Cash Financial Services, Inc................. 27,205 1,352,633 First Citizens BancShares, Inc. Class A............ 5,627 1,373,269 First Commonwealth Financial Corp.................. 74,983 591,616 First Community Bancshares, Inc.................... 10,710 168,040 First Defiance Financial Corp...................... 5,522 168,200 First Financial Bancorp............................ 49,773 822,250 # First Financial Bankshares, Inc.................... 42,226 1,042,982 # First Financial Corp............................... 9,463 306,696 First Financial Northwest, Inc..................... 11,880 142,441 # First Horizon National Corp........................ 175,264 2,276,679 First Interstate Bancsystem, Inc................... 15,883 379,604 First Merchants Corp............................... 30,635 669,068 First Midwest Bancorp, Inc......................... 63,291 974,681 * First NBC Bank Holding Co.......................... 3,237 100,218 First Niagara Financial Group, Inc................. 197,811 1,606,225 First Republic Bank................................ 28,243 1,438,134 1369 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) First South Bancorp, Inc........................... 4,040 $ 32,118 * First United Corp.................................. 1,100 9,339 FirstMerit Corp.................................... 95,336 1,562,080 * Flagstar Bancorp, Inc.............................. 23,759 337,615 Flushing Financial Corp............................ 31,272 566,023 # FNB Corp........................................... 135,259 1,623,108 FNF Group.......................................... 140,300 4,924,530 * FNFV Group......................................... 46,761 579,836 * Forest City Enterprises, Inc. Class A.............. 120,075 2,941,837 * Forest City Enterprises, Inc. Class B.............. 3,599 88,247 #* Forestar Group, Inc................................ 31,081 412,445 Fox Chase Bancorp, Inc............................. 11,004 178,705 Franklin Resources, Inc............................ 46,045 2,372,699 #* FRP Holdings, Inc.................................. 5,087 184,149 Fulton Financial Corp.............................. 156,516 1,745,153 # FXCM, Inc. Class A................................. 24,357 53,585 # Gain Capital Holdings, Inc......................... 17,175 139,976 GAMCO Investors, Inc. Class A...................... 4,711 384,653 * Genworth Financial, Inc. Class A................... 223,449 1,559,674 # German American Bancorp, Inc....................... 7,989 223,692 GFI Group, Inc..................................... 76,676 430,152 Glacier Bancorp, Inc............................... 48,092 1,071,009 #* Global Indemnity P.L.C............................. 10,235 268,566 Goldman Sachs Group, Inc. (The).................... 78,303 13,500,220 Great Southern Bancorp, Inc........................ 9,255 334,291 * Green Dot Corp. Class A............................ 28,207 430,157 # Greenhill & Co., Inc............................... 14,933 550,729 * Greenlight Capital Re, Ltd. Class A................ 25,365 796,715 # Griffin Land & Nurseries, Inc...................... 2,369 70,217 Guaranty Bancorp................................... 1,008 13,487 * Hallmark Financial Services, Inc................... 11,884 131,199 Hampden Bancorp, Inc............................... 1,565 31,441 Hancock Holding Co................................. 58,983 1,540,046 Hanmi Financial Corp............................... 25,832 513,024 Hanover Insurance Group, Inc. (The)................ 37,423 2,582,187 Harleysville Savings Financial Corp................ 1,326 23,603 Hartford Financial Services Group, Inc. (The)...... 207,987 8,090,694 Hawthorn Bancshares, Inc........................... 250 3,558 HCC Insurance Holdings, Inc........................ 70,243 3,746,762 # HCI Group, Inc..................................... 13,265 612,976 # Heartland Financial USA, Inc....................... 10,486 289,623 Heritage Commerce Corp............................. 14,694 122,842 # Heritage Financial Corp............................ 18,969 294,399 Heritage Financial Group, Inc...................... 782 18,745 HF Financial Corp.................................. 761 10,966 HFF, Inc. Class A.................................. 22,452 762,694 * Hilltop Holdings, Inc.............................. 74,041 1,343,844 Hingham Institution for Savings.................... 248 21,824 * HMN Financial, Inc................................. 212 2,595 Home Bancorp, Inc.................................. 3,783 82,772 Home BancShares, Inc............................... 39,235 1,162,141 # HomeStreet, Inc.................................... 1,543 27,249 * HomeTrust Bancshares, Inc.......................... 4,124 63,716 1370 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) HopFed Bancorp, Inc................................ 1,664 $ 21,981 Horace Mann Educators Corp......................... 30,029 914,984 # Horizon Bancorp.................................... 1,417 31,712 * Howard Hughes Corp. (The).......................... 27,641 3,610,744 Hudson City Bancorp, Inc........................... 285,251 2,558,701 Hudson Valley Holding Corp......................... 11,073 273,171 Huntington Bancshares, Inc......................... 359,754 3,604,735 Iberiabank Corp.................................... 28,051 1,531,865 #* Imperial Holdings, Inc............................. 1,539 9,142 # Independence Holding Co............................ 6,304 80,124 Independent Bank Corp.............................. 18,876 714,079 # Independent Bank Group, Inc........................ 2,082 64,979 Infinity Property & Casualty Corp.................. 7,323 514,587 Interactive Brokers Group, Inc. Class A............ 60,483 1,852,594 Intercontinental Exchange, Inc..................... 21,406 4,403,856 International Bancshares Corp...................... 49,191 1,107,289 Intervest Bancshares Corp. Class A................. 8,831 86,985 #* INTL. FCStone, Inc................................. 14,695 283,320 Invesco, Ltd....................................... 147,349 5,412,129 * Investment Technology Group, Inc................... 32,640 677,280 # Investors Bancorp, Inc............................. 231,672 2,550,709 Investors Title Co................................. 675 48,425 # Janus Capital Group, Inc........................... 126,443 2,217,810 # JMP Group, Inc..................................... 11,563 88,226 Jones Lang LaSalle, Inc............................ 26,326 3,872,028 JPMorgan Chase & Co................................ 723,666 39,352,957 * KCG Holdings, Inc. Class A......................... 9,820 120,099 #* Kearny Financial Corp.............................. 38,365 498,745 Kemper Corp........................................ 45,682 1,594,759 Kennedy-Wilson Holdings, Inc....................... 47,012 1,250,049 Kentucky First Federal Bancorp..................... 1,549 12,733 KeyCorp............................................ 362,394 4,707,498 #* Ladenburg Thalmann Financial Services, Inc......... 56,411 214,926 Lake Shore Bancorp, Inc............................ 125 1,641 Lakeland Bancorp, Inc.............................. 22,922 247,328 Lakeland Financial Corp............................ 13,377 504,848 Landmark Bancorp, Inc.............................. 1,337 28,077 LegacyTexas Financial Group, Inc................... 34,190 677,646 Legg Mason, Inc.................................... 88,384 4,900,009 * LendingTree, Inc................................... 7,617 313,668 Leucadia National Corp............................. 149,602 3,391,477 Lincoln National Corp.............................. 105,037 5,249,749 LNB Bancorp, Inc................................... 5,305 92,307 Loews Corp......................................... 85,147 3,257,724 Louisiana Bancorp, Inc............................. 2,000 42,720 LPL Financial Holdings, Inc........................ 58,838 2,421,184 # M&T Bank Corp...................................... 55,442 6,273,817 # Macatawa Bank Corp................................. 15,666 82,560 # Maiden Holdings, Ltd............................... 60,532 756,650 # MainSource Financial Group, Inc.................... 14,442 277,286 Manning & Napier, Inc.............................. 6,391 68,448 * Markel Corp........................................ 7,160 4,892,858 MarketAxess Holdings, Inc.......................... 18,326 1,392,226 1371 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Marlin Business Services Corp...................... 10,315 $ 165,556 Marsh & McLennan Cos., Inc......................... 50,167 2,697,480 #* Maui Land & Pineapple Co., Inc..................... 1,700 10,727 MB Financial, Inc.................................. 59,997 1,704,515 * MBIA, Inc.......................................... 177,836 1,426,245 * MBT Financial Corp................................. 2,175 11,158 McGraw Hill Financial, Inc......................... 17,199 1,538,279 # Meadowbrook Insurance Group, Inc................... 44,067 365,756 Mercantile Bank Corp............................... 6,609 125,571 Merchants Bancshares, Inc.......................... 2,632 70,459 Mercury General Corp............................... 38,157 2,180,673 #* Meridian Bancorp, Inc.............................. 31,006 359,980 Meta Financial Group, Inc.......................... 496 16,601 MetLife, Inc....................................... 165,434 7,692,681 * Metro Bancorp, Inc................................. 9,396 239,222 #* MGIC Investment Corp............................... 111,894 953,337 MidSouth Bancorp, Inc.............................. 4,898 68,278 MidWestOne Financial Group, Inc.................... 2,909 81,510 Montpelier Re Holdings, Ltd........................ 40,003 1,405,305 Moody's Corp....................................... 29,086 2,656,424 Morgan Stanley..................................... 254,510 8,604,983 * MSB Financial Corp................................. 687 7,262 MSCI, Inc.......................................... 67,973 3,658,307 MutualFirst Financial, Inc......................... 1,660 36,337 NASDAQ OMX Group, Inc. (The)....................... 75,383 3,437,465 National Bank Holdings Corp. Class A............... 2,668 49,225 # National Interstate Corp........................... 11,338 292,180 National Penn Bancshares, Inc...................... 103,766 1,006,530 National Western Life Insurance Co. Class A........ 577 137,551 #* Nationstar Mortgage Holdings, Inc.................. 6,015 154,646 Navient Corp....................................... 145,842 2,878,921 * Navigators Group, Inc. (The)....................... 12,800 950,016 # NBT Bancorp, Inc................................... 31,763 730,867 Nelnet, Inc. Class A............................... 27,697 1,211,467 New Hampshire Thrift Bancshares, Inc............... 2,140 32,464 # New York Community Bancorp, Inc.................... 112,158 1,732,841 #* NewBridge Bancorp.................................. 8,517 66,773 #* NewStar Financial, Inc............................. 30,792 325,471 * Nicholas Financial, Inc............................ 95 1,352 Northeast Community Bancorp, Inc................... 5,046 35,019 Northern Trust Corp................................ 63,758 4,168,498 # Northfield Bancorp, Inc............................ 56,741 817,070 Northrim BanCorp, Inc.............................. 2,908 60,283 NorthStar Asset Management Group, Inc.............. 20,292 429,582 # Northwest Bancshares, Inc.......................... 80,415 948,897 Norwood Financial Corp............................. 71 2,126 Ocean Shore Holding Co............................. 3,233 45,682 OceanFirst Financial Corp.......................... 11,656 188,827 #* Ocwen Financial Corp............................... 70,820 433,418 OFG Bancorp........................................ 39,825 641,183 Ohio Valley Banc Corp.............................. 1,078 25,872 Old Line Bancshares, Inc........................... 98 1,415 Old National Bancorp............................... 90,863 1,218,473 1372 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # Old Republic International Corp.................... 177,794 $2,496,228 * Old Second Bancorp, Inc............................ 3,572 19,432 OneBeacon Insurance Group, Ltd. Class A............ 19,665 310,904 Oppenheimer Holdings, Inc. Class A................. 6,504 128,454 Oritani Financial Corp............................. 47,695 672,976 Pacific Continental Corp........................... 8,942 113,027 * Pacific Mercantile Bancorp......................... 4,434 30,373 * Pacific Premier Bancorp, Inc....................... 1,300 19,318 # PacWest Bancorp.................................... 83,360 3,564,057 # Park National Corp................................. 9,540 767,111 Park Sterling Corp................................. 11,737 78,638 PartnerRe, Ltd..................................... 37,587 4,299,953 Peapack Gladstone Financial Corp................... 3,780 67,397 Penns Woods Bancorp, Inc........................... 2,417 107,339 * PennyMac Financial Services, Inc. Class A.......... 928 16,723 # People's United Financial, Inc..................... 165,379 2,326,883 Peoples Bancorp of North Carolina, Inc............. 126 2,272 # Peoples Bancorp, Inc............................... 7,133 162,989 #* PHH Corp........................................... 35,479 884,846 #* Phoenix Cos., Inc. (The)........................... 3,177 197,069 #* PICO Holdings, Inc................................. 18,025 288,220 Pinnacle Financial Partners, Inc................... 25,360 911,438 * Piper Jaffray Cos.................................. 10,445 533,217 Platinum Underwriters Holdings, Ltd................ 22,758 1,680,223 PNC Financial Services Group, Inc. (The)........... 90,112 7,618,068 * Popular, Inc....................................... 63,178 1,947,778 #* PRA Group, Inc..................................... 37,832 1,873,441 Preferred Bank..................................... 2,268 59,217 Premier Financial Bancorp, Inc..................... 1,908 28,296 Primerica, Inc..................................... 45,195 2,243,480 Principal Financial Group, Inc..................... 133,424 6,261,588 PrivateBancorp, Inc................................ 51,530 1,563,420 ProAssurance Corp.................................. 42,711 1,895,087 Progressive Corp. (The)............................ 193,574 5,023,245 # Prosperity Bancshares, Inc......................... 40,273 1,844,101 Protective Life Corp............................... 54,487 3,811,366 Provident Financial Holdings, Inc.................. 5,500 85,360 Provident Financial Services, Inc.................. 49,836 865,153 Prudential Bancorp, Inc............................ 1,572 19,131 Prudential Financial, Inc.......................... 78,816 5,980,558 Pulaski Financial Corp............................. 4,605 54,800 Pzena Investment Management, Inc. Class A.......... 4,710 38,292 QC Holdings, Inc................................... 6,412 10,868 QCR Holdings, Inc.................................. 797 14,027 # Radian Group, Inc.................................. 80,134 1,262,912 Raymond James Financial, Inc....................... 55,106 2,899,678 # RCS Capital Corp. Class A.......................... 17,943 169,202 * Realogy Holdings Corp.............................. 49,011 2,279,012 #* Regional Management Corp........................... 1,031 14,980 Regions Financial Corp............................. 562,877 4,897,030 Reinsurance Group of America, Inc.................. 49,681 4,114,084 RenaissanceRe Holdings, Ltd........................ 32,375 3,096,021 Renasant Corp...................................... 21,917 573,349 1373 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Republic Bancorp, Inc. Class A..................... 11,604 $ 264,455 #* Republic First Bancorp, Inc........................ 8,744 29,992 Resource America, Inc. Class A..................... 14,603 128,360 * Riverview Bancorp, Inc............................. 5,533 24,345 # RLI Corp........................................... 29,838 1,399,701 * Royal Bancshares of Pennsylvania, Inc. Class A..... 4,578 8,240 # S&T Bancorp, Inc................................... 25,331 696,349 #* Safeguard Scientifics, Inc......................... 21,575 395,470 Safety Insurance Group, Inc........................ 24,656 1,527,439 # Salisbury Bancorp, Inc............................. 300 8,190 # Sandy Spring Bancorp, Inc.......................... 18,419 455,502 SB Financial Group, Inc............................ 600 5,766 * Seacoast Banking Corp. of Florida.................. 9,196 116,421 SEI Investments Co................................. 33,229 1,334,809 Selective Insurance Group, Inc..................... 44,256 1,142,690 * Shore Bancshares, Inc.............................. 1,418 13,117 SI Financial Group, Inc............................ 4,396 48,400 Sierra Bancorp..................................... 6,986 110,658 * Signature Bank..................................... 31,123 3,645,437 Simmons First National Corp. Class A............... 16,846 630,377 Simplicity Bancorp, Inc............................ 4,666 82,075 SLM Corp........................................... 416,806 3,797,103 South State Corp................................... 18,303 1,092,872 * Southcoast Financial Corp.......................... 1,309 9,818 * Southern First Bancshares, Inc..................... 18 315 Southern Missouri Bancorp, Inc..................... 65 2,405 Southern National Bancorp of Virginia, Inc......... 417 4,650 # Southside Bancshares, Inc.......................... 16,069 438,684 Southwest Bancorp, Inc............................. 19,343 295,174 #* St Joe Co. (The)................................... 51,029 824,629 StanCorp Financial Group, Inc...................... 33,278 2,064,567 State Auto Financial Corp.......................... 24,050 529,100 State Street Corp.................................. 81,901 5,856,741 Sterling Bancorp................................... 59,090 778,806 Stewart Information Services Corp.................. 19,992 715,714 * Stifel Financial Corp.............................. 39,479 1,861,435 Stock Yards Bancorp, Inc........................... 10,419 320,905 #* Stratus Properties, Inc............................ 271 3,653 # Suffolk Bancorp.................................... 6,095 140,185 Summit State Bank.................................. 361 4,841 #* Sun Bancorp, Inc................................... 5,405 98,912 SunTrust Banks, Inc................................ 88,716 3,408,469 Susquehanna Bancshares, Inc........................ 138,739 1,749,499 * SVB Financial Group................................ 39,207 4,426,470 Symetra Financial Corp............................. 84,922 1,724,766 Synovus Financial Corp............................. 89,519 2,306,905 T Rowe Price Group, Inc............................ 14,474 1,139,393 TCF Financial Corp................................. 144,190 2,119,593 TD Ameritrade Holding Corp......................... 153,891 4,984,529 #* Tejon Ranch Co..................................... 12,125 298,518 Territorial Bancorp, Inc........................... 7,203 156,593 # Teton Advisors, Inc. Class A....................... 29 1,585 * Texas Capital Bancshares, Inc...................... 28,176 1,150,990 1374 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) TFS Financial Corp................................. 140,255 $ 1,966,375 Timberland Bancorp, Inc............................ 899 9,440 # Tompkins Financial Corp............................ 11,877 608,934 # Torchmark Corp..................................... 46,106 2,308,527 # Towne Bank......................................... 20,844 302,446 * Transcontinental Realty Investors, Inc............. 860 9,529 Travelers Cos., Inc. (The)......................... 112,519 11,569,204 Trico Bancshares................................... 16,399 382,917 * Trinity Place Holdings, Inc........................ 699 5,243 * TriState Capital Holdings, Inc..................... 700 6,622 # TrustCo Bank Corp.................................. 67,219 432,218 # Trustmark Corp..................................... 54,691 1,168,200 U.S. Bancorp....................................... 381,670 15,995,790 # UMB Financial Corp................................. 33,399 1,620,519 Umpqua Holdings Corp............................... 88,806 1,377,381 # Union Bankshares Corp.............................. 34,312 686,240 Union Bankshares, Inc.............................. 337 8,356 United Bancshares, Inc............................. 606 8,787 # United Bankshares, Inc............................. 55,131 1,863,979 United Community Banks, Inc........................ 40,580 710,556 # United Community Financial Corp.................... 16,502 89,111 United Financial Bancorp, Inc...................... 41,883 521,025 United Fire Group, Inc............................. 16,201 452,656 * United Security Bancshares......................... 2,038 10,516 Unity Bancorp, Inc................................. 2,462 22,552 # Universal Insurance Holdings, Inc.................. 55,727 1,294,538 Univest Corp. of Pennsylvania...................... 11,265 208,628 Unum Group......................................... 118,197 3,671,199 Validus Holdings, Ltd.............................. 69,026 2,736,881 # Valley National Bancorp............................ 136,606 1,240,382 Virtus Investment Partners, Inc.................... 5,898 799,946 Voya Financial, Inc................................ 42,868 1,672,281 Waddell & Reed Financial, Inc. Class A............. 23,837 1,065,752 * Walker & Dunlop, Inc............................... 9,969 176,950 Washington Federal, Inc............................ 86,314 1,714,196 # Washington Trust Bancorp, Inc...................... 11,229 411,206 # Waterstone Financial, Inc.......................... 18,481 234,339 Wayne Savings Bancshares, Inc...................... 243 3,222 # Webster Financial Corp............................. 73,199 2,234,765 Wells Fargo & Co................................... 1,199,886 62,298,081 # WesBanco, Inc...................................... 21,648 653,337 # West Bancorporation, Inc........................... 9,721 159,036 # Westamerica Bancorporation......................... 15,469 629,279 * Western Alliance Bancorp........................... 71,984 1,850,709 Westfield Financial, Inc........................... 18,225 131,220 Westwood Holdings Group, Inc....................... 6,019 355,061 Willis Group Holdings P.L.C........................ 56,094 2,428,870 Wilshire Bancorp, Inc.............................. 74,803 680,707 Wintrust Financial Corp............................ 40,080 1,742,278 # WisdomTree Investments, Inc........................ 64,470 1,123,067 #* World Acceptance Corp.............................. 8,220 603,759 WR Berkley Corp.................................... 60,320 2,955,077 WSFS Financial Corp................................ 4,611 340,568 1375 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) WVS Financial Corp................................. 757 $ 8,577 XL Group P.L.C..................................... 128,791 4,442,002 * Yadkin Financial Corp.............................. 6,341 120,859 # Zions Bancorporation............................... 103,794 2,486,904 ------------ Total Financials....................................... 843,272,655 ------------ Health Care -- (10.3%) # Abaxis, Inc........................................ 8,090 497,373 Abbott Laboratories................................ 171,651 7,683,099 AbbVie, Inc........................................ 109,207 6,590,642 #* Acadia Healthcare Co., Inc......................... 24,515 1,415,741 #* ACADIA Pharmaceuticals, Inc........................ 11,647 354,418 #* Accretive Health, Inc.............................. 4,574 26,758 #* Accuray, Inc....................................... 35,077 258,517 #* Acorda Therapeutics, Inc........................... 15,136 628,901 * Actavis P.L.C...................................... 45,464 12,117,975 #* Adcare Health Systems, Inc......................... 2,885 11,540 * Addus HomeCare Corp................................ 6,927 153,641 Aetna, Inc......................................... 103,394 9,493,637 #* Affymetrix, Inc.................................... 51,400 567,456 Agilent Technologies, Inc.......................... 40,144 1,516,239 * Agios Pharmaceuticals, Inc......................... 4,584 531,377 #* Air Methods Corp................................... 40,181 1,669,521 #* Akorn, Inc......................................... 49,636 2,113,501 #* Albany Molecular Research, Inc..................... 19,802 323,367 * Alere, Inc......................................... 56,574 2,301,996 * Alexion Pharmaceuticals, Inc....................... 12,000 2,198,880 #* Align Technology, Inc.............................. 36,980 1,961,789 * Alkermes P.L.C..................................... 16,011 1,156,795 Allergan, Inc...................................... 15,701 3,442,601 * Alliance HealthCare Services, Inc.................. 5,641 127,148 * Allied Healthcare Products, Inc.................... 500 780 #* Allscripts Healthcare Solutions, Inc............... 89,575 1,066,838 #* Almost Family, Inc................................. 5,468 166,008 #* Alnylam Pharmaceuticals, Inc....................... 15,940 1,495,650 * Alphatec Holdings, Inc............................. 36,305 46,470 #* AMAG Pharmaceuticals, Inc.......................... 7,668 338,849 #* Amedisys, Inc...................................... 23,177 653,128 AmerisourceBergen Corp............................. 46,200 4,391,310 Amgen, Inc......................................... 85,813 13,065,887 * AMN Healthcare Services, Inc....................... 46,624 877,464 #* Amsurg Corp........................................ 32,178 1,775,582 # Analogic Corp...................................... 7,841 639,277 #* AngioDynamics, Inc................................. 24,857 478,373 #* Anika Therapeutics, Inc............................ 15,604 611,365 Anthem, Inc........................................ 83,721 11,298,986 #* athenahealth, Inc.................................. 6,528 912,027 # Atrion Corp........................................ 1,410 472,350 Baxter International, Inc.......................... 48,294 3,395,551 Becton Dickinson and Co............................ 12,012 1,658,617 * Bio-Rad Laboratories, Inc. Class A................. 15,160 1,735,365 * Bio-Rad Laboratories, Inc. Class B................. 630 70,286 * Bio-Reference Laboratories, Inc.................... 15,232 510,729 1376 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) Bio-Techne Corp.................................... 11,352 $1,055,963 #* BioDelivery Sciences International, Inc............ 1,033 13,532 * Biogen Idec, Inc................................... 16,395 6,380,278 * BioMarin Pharmaceutical, Inc....................... 15,781 1,533,282 #* BioScrip, Inc...................................... 42,088 242,006 * Biospecifics Technologies Corp..................... 2,154 84,738 * BioTelemetry, Inc.................................. 16,060 158,673 * Bluebird Bio, Inc.................................. 669 62,157 * Boston Scientific Corp............................. 437,406 6,477,983 #* Bovie Medical Corp................................. 6,717 23,509 Bristol-Myers Squibb Co............................ 95,632 5,763,741 * Brookdale Senior Living, Inc....................... 85,903 2,899,226 #* Bruker Corp........................................ 28,028 528,608 * Cambrex Corp....................................... 27,234 610,859 Cantel Medical Corp................................ 27,844 1,129,631 #* Capital Senior Living Corp......................... 22,940 547,578 Cardinal Health, Inc............................... 31,700 2,637,123 * CareFusion Corp.................................... 92,712 5,497,822 * CAS Medical Systems, Inc........................... 415 647 * Celgene Corp....................................... 53,962 6,430,112 * Centene Corp....................................... 30,879 3,370,752 #* Cepheid............................................ 9,601 542,553 * Cerner Corp........................................ 28,400 1,884,340 * Charles River Laboratories International, Inc...... 46,235 3,206,397 # Chemed Corp........................................ 13,161 1,331,104 Cigna Corp......................................... 70,425 7,523,503 * Community Health Systems, Inc...................... 120,797 5,685,915 # Computer Programs & Systems, Inc................... 7,100 349,746 CONMED Corp........................................ 17,455 831,556 Cooper Cos., Inc. (The)............................ 30,523 4,811,951 * Corvel Corp........................................ 13,298 438,036 * Covance, Inc....................................... 30,379 3,226,554 CR Bard, Inc....................................... 7,489 1,280,844 * Cross Country Healthcare, Inc...................... 21,341 218,318 CryoLife, Inc...................................... 17,137 192,963 #* Cumberland Pharmaceuticals, Inc.................... 12,297 71,446 #* Cutera, Inc........................................ 8,996 119,647 * Cyberonics, Inc.................................... 15,516 862,224 * Cynosure, Inc. Class A............................. 14,888 449,915 * DaVita HealthCare Partners, Inc.................... 123,398 9,262,254 Daxor Corp......................................... 1,894 11,800 DENTSPLY International, Inc........................ 35,485 1,775,137 * Depomed, Inc....................................... 45,358 828,691 * DexCom, Inc........................................ 8,806 526,423 Digirad Corp....................................... 8,621 35,777 * Edwards Lifesciences Corp.......................... 16,691 2,092,217 Eli Lilly & Co..................................... 54,013 3,888,936 #* Emergent Biosolutions, Inc......................... 26,611 745,906 * Endo International P.L.C........................... 39,532 3,147,140 Ensign Group, Inc. (The)........................... 22,458 932,007 #* Envision Healthcare Holdings, Inc.................. 7,861 270,261 * Enzo Biochem, Inc.................................. 22,936 72,248 #* EPIRUS Biopharmaceuticals, Inc..................... 20 99 1377 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Exactech, Inc...................................... 8,450 $ 175,675 #* ExamWorks Group, Inc............................... 25,642 947,728 * Express Scripts Holding Co......................... 163,258 13,176,553 * Five Star Quality Care, Inc........................ 22,430 78,056 * Genesis Healthcare, Inc............................ 15,517 128,791 * Gentiva Health Services, Inc....................... 20,482 397,760 * Gilead Sciences, Inc............................... 109,368 11,465,047 * Globus Medical, Inc. Class A....................... 40,935 965,247 * Greatbatch, Inc.................................... 14,728 715,192 #* Haemonetics Corp................................... 34,528 1,367,309 * Halyard Health, Inc................................ 4,128 183,985 #* Hanger, Inc........................................ 22,861 493,340 * Harvard Apparatus Regenerative Technology, Inc..... 4,721 15,343 * Harvard Bioscience, Inc............................ 18,886 98,396 * HCA Holdings, Inc.................................. 15,818 1,119,914 * Health Net, Inc.................................... 56,130 3,040,562 HealthSouth Corp................................... 29,614 1,305,977 * HealthStream, Inc.................................. 12,289 347,287 * Healthways, Inc.................................... 22,030 454,259 * Henry Schein, Inc.................................. 27,023 3,731,066 Hill-Rom Holdings, Inc............................. 56,152 2,681,820 #* HMS Holdings Corp.................................. 34,154 675,737 * Hologic, Inc....................................... 104,110 3,161,300 * Hospira, Inc....................................... 48,274 3,062,020 Humana, Inc........................................ 62,179 9,105,493 * Hyperion Therapeutics, Inc......................... 4,328 109,498 * ICU Medical, Inc................................... 10,064 841,149 #* Idera Pharmaceuticals, Inc......................... 12,551 56,731 #* IDEXX Laboratories, Inc............................ 13,107 2,076,411 * Illumina, Inc...................................... 8,304 1,620,858 #* Impax Laboratories, Inc............................ 48,223 1,768,337 #* Incyte Corp........................................ 40,400 3,220,284 * Infinity Pharmaceuticals, Inc...................... 11,550 178,332 * Insys Therapeutics, Inc............................ 4,050 193,509 #* Integra LifeSciences Holdings Corp................. 19,640 1,094,341 * Intrexon Corp...................................... 2,446 70,225 * Intuitive Surgical, Inc............................ 2,521 1,246,584 # Invacare Corp...................................... 22,041 322,901 #* IPC Healthcare, Inc................................ 12,298 496,347 #* Iridex Corp........................................ 1,074 9,720 #* Isis Pharmaceuticals, Inc.......................... 6,400 438,464 #* Jazz Pharmaceuticals P.L.C......................... 10,459 1,771,127 Johnson & Johnson.................................. 342,283 34,276,220 Kewaunee Scientific Corp........................... 674 12,092 Kindred Healthcare, Inc............................ 46,976 867,177 * Laboratory Corp. of America Holdings............... 40,433 4,640,900 Landauer, Inc...................................... 2,240 62,653 #* Lannett Co., Inc................................... 30,679 1,455,105 LeMaitre Vascular, Inc............................. 9,392 74,291 #* LHC Group, Inc..................................... 13,328 396,108 * LifePoint Hospitals, Inc........................... 32,623 2,128,325 #* Ligand Pharmaceuticals, Inc. Class B............... 8,358 475,737 #* Luminex Corp....................................... 20,396 359,989 1378 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) * Magellan Health, Inc............................... 23,657 $ 1,422,259 #* Mallinckrodt P.L.C................................. 40,473 4,289,733 * Masimo Corp........................................ 29,459 751,794 McKesson Corp...................................... 22,964 4,883,295 * MedAssets, Inc..................................... 44,267 819,382 o* MedCath Corp....................................... 9,997 -- * Medicines Co. (The)................................ 46,585 1,335,592 * MediciNova, Inc.................................... 4,504 17,025 * Medivation, Inc.................................... 9,087 988,847 * MEDNAX, Inc........................................ 63,776 4,329,753 Medtronic P.L.C.................................... 142,245 10,156,266 Merck & Co., Inc................................... 572,640 34,518,739 * Merge Healthcare, Inc.............................. 35,208 130,270 Meridian Bioscience, Inc........................... 31,716 548,687 * Merit Medical Systems, Inc......................... 31,900 489,027 #* Mettler-Toledo International, Inc.................. 3,645 1,107,898 * Misonix, Inc....................................... 434 5,803 #* Molina Healthcare, Inc............................. 31,992 1,628,713 #* Momenta Pharmaceuticals, Inc....................... 13,135 141,464 #* MWI Veterinary Supply, Inc......................... 7,601 1,441,682 #* Mylan, Inc......................................... 53,496 2,843,312 #* Myriad Genetics, Inc............................... 57,031 2,134,100 National Healthcare Corp........................... 8,904 560,685 # National Research Corp. Class A.................... 8,340 115,509 # National Research Corp. Class B.................... 1,390 48,024 * Natus Medical, Inc................................. 21,699 815,882 * Neogen Corp........................................ 14,314 659,875 * NPS Pharmaceuticals, Inc........................... 7,300 334,778 * NuVasive, Inc...................................... 27,846 1,289,827 Omnicare, Inc...................................... 61,105 4,581,653 * Omnicell, Inc...................................... 24,365 775,538 #* Opko Health, Inc................................... 78,822 956,111 #* OraSure Technologies, Inc.......................... 26,256 241,293 * Orthofix International NV.......................... 11,298 344,589 # Owens & Minor, Inc................................. 45,809 1,568,042 #* Pacific Biosciences of California, Inc............. 18,247 146,706 #* Pacira Pharmaceuticals, Inc........................ 4,046 434,338 * Pain Therapeutics, Inc............................. 29,712 58,533 Paratek Pharmaceuticals, Inc....................... 790 19,513 #* PAREXEL International Corp......................... 49,066 2,991,063 # Patterson Cos., Inc................................ 61,199 3,065,458 #* PDI, Inc........................................... 3,407 5,315 # PDL BioPharma, Inc................................. 61,804 450,551 PerkinElmer, Inc................................... 79,819 3,648,526 #* Pernix Therapeutics Holdings, Inc.................. 2,817 23,409 Perrigo Co. P.L.C.................................. 13,081 1,984,911 Pfizer, Inc........................................ 1,225,094 38,284,187 #* Pharmacyclics, Inc................................. 1,090 183,937 * PharMerica Corp.................................... 23,327 536,754 * Pozen, Inc......................................... 19,179 132,527 #* Prestige Brands Holdings, Inc...................... 37,083 1,270,464 #* Progenics Pharmaceuticals, Inc..................... 40,462 241,963 * Providence Service Corp. (The)..................... 15,936 621,504 1379 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* pSivida Corp....................................... 8,193 $ 31,707 #* Puma Biotechnology, Inc............................ 3,766 794,927 # Quality Systems, Inc............................... 16,323 265,902 # Quest Diagnostics, Inc............................. 47,265 3,359,124 #* Quidel Corp........................................ 21,044 495,376 * Quintiles Transnational Holdings, Inc.............. 2,341 141,630 * RadNet, Inc........................................ 29,848 235,501 * Receptos, Inc...................................... 5,808 639,867 * Regeneron Pharmaceuticals, Inc..................... 10,600 4,416,596 #* Repligen Corp...................................... 21,978 533,846 # ResMed, Inc........................................ 48,888 3,054,033 #* Rigel Pharmaceuticals, Inc......................... 21,624 44,762 #* RTI Surgical, Inc.................................. 41,756 186,232 #* Sagent Pharmaceuticals, Inc........................ 14,196 364,411 #* Salix Pharmaceuticals, Ltd......................... 18,332 2,468,770 * Sciclone Pharmaceuticals, Inc...................... 36,986 272,957 #* Seattle Genetics, Inc.............................. 19,300 601,388 Select Medical Holdings Corp....................... 83,479 1,128,636 #* Sirona Dental Systems, Inc......................... 30,162 2,721,216 Span-America Medical Systems, Inc.................. 1,468 25,250 * Special Diversified Opportunities, Inc............. 5,707 6,791 #* Spectrum Pharmaceuticals, Inc...................... 36,097 252,679 St Jude Medical, Inc............................... 50,963 3,356,933 #* Staar Surgical Co.................................. 6,901 41,406 # STERIS Corp........................................ 38,189 2,490,687 Stryker Corp....................................... 22,435 2,042,707 #* Sucampo Pharmaceuticals, Inc. Class A.............. 8,765 132,001 #* Surgical Care Affiliates, Inc...................... 1,396 45,021 #* SurModics, Inc..................................... 7,475 171,327 #* Symmetry Surgical, Inc............................. 6,508 46,858 #* Synageva BioPharma Corp............................ 3,206 369,395 * Targacept, Inc..................................... 10,016 25,140 * Taro Pharmaceutical Industries, Ltd................ 1,833 305,194 * Team Health Holdings, Inc.......................... 26,681 1,379,408 # Teleflex, Inc...................................... 27,140 2,973,458 #* Tenet Healthcare Corp.............................. 68,727 2,905,778 #* Theravance Biopharma, Inc.......................... 1,483 24,084 Thermo Fisher Scientific, Inc...................... 80,154 10,036,082 #* Thoratec Corp...................................... 33,632 1,207,052 * Tornier NV......................................... 8,248 199,354 #* Triple-S Management Corp. Class B.................. 18,604 447,984 * United Therapeutics Corp........................... 27,117 3,827,022 UnitedHealth Group, Inc............................ 220,408 23,418,350 * Universal American Corp............................ 69,848 630,727 Universal Health Services, Inc. Class B............ 53,642 5,499,914 US Physical Therapy, Inc........................... 9,215 357,450 Utah Medical Products, Inc......................... 2,338 132,541 #* Varian Medical Systems, Inc........................ 10,263 949,943 * Vascular Solutions, Inc............................ 12,911 351,954 * VCA, Inc........................................... 69,362 3,613,760 * Vertex Pharmaceuticals, Inc........................ 13,281 1,462,769 #* Volcano Corp....................................... 11,175 200,815 * Waters Corp........................................ 7,000 833,350 1380 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) #* WellCare Health Plans, Inc......................... 30,615 $ 2,230,303 West Pharmaceutical Services, Inc.................. 44,772 2,207,707 * Wright Medical Group, Inc.......................... 29,509 720,315 #* XenoPort, Inc...................................... 3,139 26,148 Zimmer Holdings, Inc............................... 40,830 4,577,043 Zoetis, Inc........................................ 233,499 9,977,412 ------------ Total Health Care...................................... 575,659,303 ------------ Industrials -- (13.2%) 3M Co.............................................. 50,242 8,154,277 # AAON, Inc.......................................... 37,988 828,518 AAR Corp........................................... 28,000 802,480 ABM Industries, Inc................................ 42,911 1,238,841 Acacia Research Corp............................... 25,734 322,190 * ACCO Brands Corp................................... 91,900 727,848 * Accuride Corp...................................... 25,017 110,075 Aceto Corp......................................... 21,591 418,865 Acme United Corp................................... 1,355 25,745 Actuant Corp. Class A.............................. 50,752 1,172,879 Acuity Brands, Inc................................. 20,372 3,053,559 #* Adept Technology, Inc.............................. 5,898 54,851 # ADT Corp. (The).................................... 110,654 3,806,498 #* Advisory Board Co. (The)........................... 14,648 686,698 * AECOM.............................................. 106,751 2,713,610 * Aegion Corp........................................ 27,957 428,301 #* Aerovironment, Inc................................. 15,302 391,578 # AGCO Corp.......................................... 53,939 2,337,716 Air Lease Corp..................................... 54,189 1,893,364 * Air Transport Services Group, Inc.................. 50,871 423,755 Alamo Group, Inc................................... 8,210 369,860 Alaska Air Group, Inc.............................. 101,132 6,863,829 Albany International Corp. Class A................. 19,909 679,494 # Allegiant Travel Co................................ 16,425 2,977,360 Allegion P.L.C..................................... 21,466 1,159,379 # Alliant Techsystems, Inc........................... 22,859 2,978,756 Allied Motion Technologies, Inc.................... 6,532 146,447 Allison Transmission Holdings, Inc................. 138,361 4,333,467 # Altra Industrial Motion Corp....................... 21,707 554,614 * AMERCO............................................. 14,574 4,169,767 #* Ameresco, Inc. Class A............................. 14,623 85,252 American Airlines Group, Inc....................... 69,511 3,411,600 # American Railcar Industries, Inc................... 15,398 772,980 # American Science & Engineering, Inc................ 3,790 175,856 #* American Woodmark Corp............................. 11,055 454,692 AMETEK, Inc........................................ 87,206 4,177,167 * AMREP Corp......................................... 2,552 9,698 AO Smith Corp...................................... 49,842 2,961,113 Apogee Enterprises, Inc............................ 21,117 913,521 Applied Industrial Technologies, Inc............... 30,229 1,222,158 * ARC Document Solutions, Inc........................ 40,938 375,401 ArcBest Corp....................................... 18,043 672,282 Argan, Inc......................................... 15,569 473,453 * Armstrong World Industries, Inc.................... 43,882 2,224,817 1381 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) #* Arotech Corp....................................... 3,575 $ 8,151 # Astec Industries, Inc.............................. 17,596 625,714 * Astronics Corp..................................... 8,518 474,367 #* Astronics Corp. Class B............................ 3,427 191,912 #* Atlas Air Worldwide Holdings, Inc.................. 13,947 630,404 * Avis Budget Group, Inc............................. 93,870 5,379,690 AZZ, Inc........................................... 21,990 927,758 #* B/E Aerospace, Inc................................. 44,617 2,602,510 Babcock & Wilcox Co. (The)......................... 77,780 2,117,949 # Baltic Trading, Ltd................................ 10,262 16,624 Barnes Group, Inc.................................. 40,442 1,389,183 # Barrett Business Services, Inc..................... 5,822 178,444 * Beacon Roofing Supply, Inc......................... 30,753 728,539 * Blount International, Inc.......................... 62,095 962,472 #* BlueLinx Holdings, Inc............................. 24,060 25,022 Boeing Co. (The)................................... 49,793 7,238,408 Brady Corp. Class A................................ 33,952 888,524 * Breeze-Eastern Corp................................ 3,679 36,974 # Briggs & Stratton Corp............................. 35,271 649,339 # Brink's Co. (The).................................. 37,294 835,759 #* Builders FirstSource, Inc.......................... 53,026 313,914 * CAI International, Inc............................. 16,129 338,225 Carlisle Cos., Inc................................. 45,904 4,116,671 * Casella Waste Systems, Inc. Class A................ 15,188 57,866 Caterpillar, Inc................................... 98,684 7,891,759 #* CBIZ, Inc.......................................... 40,271 333,444 CDI Corp........................................... 12,646 214,856 Ceco Environmental Corp............................ 12,718 174,491 Celadon Group, Inc................................. 19,413 462,612 # CH Robinson Worldwide, Inc......................... 20,708 1,474,824 * Chart Industries, Inc.............................. 18,319 522,091 # Chicago Bridge & Iron Co. NV....................... 20,083 693,064 Cintas Corp........................................ 48,881 3,846,935 # CIRCOR International, Inc.......................... 12,463 615,548 Civeo Corp......................................... 68,646 201,133 # CLARCOR, Inc....................................... 32,749 2,047,795 #* Clean Harbors, Inc................................. 34,603 1,637,414 #* Colfax Corp........................................ 52,403 2,374,380 Columbus McKinnon Corp............................. 15,257 382,188 Comfort Systems USA, Inc........................... 28,383 472,577 * Command Security Corp.............................. 800 1,768 #* Commercial Vehicle Group, Inc...................... 28,004 154,862 Compx International, Inc........................... 294 3,172 Con-way, Inc....................................... 51,473 2,108,849 # Copa Holdings SA Class A........................... 19,310 2,076,018 * Copart, Inc........................................ 49,606 1,815,580 Corporate Executive Board Co. (The)................ 21,437 1,468,863 Courier Corp....................................... 6,202 145,561 # Covanta Holding Corp............................... 111,076 2,270,393 * Covenant Transportation Group, Inc. Class A........ 12,147 343,760 * CPI Aerostructures, Inc............................ 3,637 42,735 * CRA International, Inc............................. 6,409 189,258 Crane Co........................................... 30,666 1,869,093 1382 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) CSX Corp........................................... 310,328 $10,333,922 #* CTPartners Executive Search, Inc................... 4,771 26,145 Cubic Corp......................................... 17,270 903,048 Cummins, Inc....................................... 20,995 2,927,963 Curtiss-Wright Corp................................ 34,964 2,326,155 Danaher Corp....................................... 117,816 9,705,682 # Deere & Co......................................... 79,073 6,736,229 Delta Air Lines, Inc............................... 246,711 11,671,897 Deluxe Corp........................................ 47,732 3,099,239 * DigitalGlobe, Inc.................................. 53,544 1,439,798 # Donaldson Co., Inc................................. 60,029 2,194,660 Douglas Dynamics, Inc.............................. 20,205 407,939 Dover Corp......................................... 65,806 4,609,052 * Ducommun, Inc...................................... 6,406 166,364 Dun & Bradstreet Corp. (The)....................... 12,086 1,391,219 * DXP Enterprises, Inc............................... 10,684 438,258 * Dycom Industries, Inc.............................. 25,459 784,392 Dynamic Materials Corp............................. 9,488 134,350 Eastern Co. (The).................................. 2,778 52,560 Eaton Corp. P.L.C.................................. 90,244 5,693,494 #* Echo Global Logistics, Inc......................... 19,216 507,302 Ecology and Environment, Inc. Class A.............. 903 8,849 EMCOR Group, Inc................................... 46,537 1,878,233 Emerson Electric Co................................ 103,148 5,873,247 Encore Wire Corp................................... 15,183 465,055 #* Energy Recovery, Inc............................... 25,110 82,863 EnerSys............................................ 34,574 2,018,430 * Engility Holdings, Inc............................. 12,581 501,982 Ennis, Inc......................................... 18,524 247,110 * EnPro Industries, Inc.............................. 14,948 886,865 Equifax, Inc....................................... 46,568 3,933,133 ESCO Technologies, Inc............................. 18,513 666,838 Espey Manufacturing & Electronics Corp............. 1,611 43,191 #* Esterline Technologies Corp........................ 21,888 2,453,426 Exelis, Inc........................................ 139,333 2,383,988 Expeditors International of Washington, Inc........ 14,733 643,537 Exponent, Inc...................................... 8,309 665,883 Fastenal Co........................................ 48,988 2,175,067 Federal Signal Corp................................ 44,280 676,156 FedEx Corp......................................... 75,208 12,718,425 Flowserve Corp..................................... 42,720 2,327,813 Fluor Corp......................................... 61,872 3,315,720 # Fortune Brands Home & Security, Inc................ 53,072 2,377,095 Forward Air Corp................................... 23,929 1,074,412 * Franklin Covey Co.................................. 11,113 200,812 # Franklin Electric Co., Inc......................... 33,257 1,137,722 # FreightCar America, Inc............................ 11,529 269,087 * FTI Consulting, Inc................................ 35,161 1,429,998 #* Fuel Tech, Inc..................................... 11,434 36,932 * Furmanite Corp..................................... 25,983 190,455 G&K Services, Inc. Class A......................... 16,856 1,181,606 GATX Corp.......................................... 31,809 1,817,884 * Gencor Industries, Inc............................. 1,500 13,725 1383 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* GenCorp, Inc....................................... 27,116 $ 455,549 #* Generac Holdings, Inc.............................. 33,070 1,446,482 # General Cable Corp................................. 13,845 158,387 General Dynamics Corp.............................. 67,063 8,933,462 General Electric Co................................ 1,904,756 45,504,621 #* Genesee & Wyoming, Inc. Class A.................... 34,347 2,831,910 * Gibraltar Industries, Inc.......................... 23,010 348,371 Global Brass & Copper Holdings, Inc................ 6,175 81,078 # Global Power Equipment Group, Inc.................. 9,497 117,098 #* Goldfield Corp. (The).............................. 6,617 15,021 # Gorman-Rupp Co. (The).............................. 17,160 489,232 * GP Strategies Corp................................. 14,705 490,853 Graco, Inc......................................... 21,498 1,531,518 #* GrafTech International, Ltd........................ 22,453 81,504 Graham Corp........................................ 6,321 130,781 Granite Construction, Inc.......................... 27,933 951,957 * Great Lakes Dredge & Dock Corp..................... 46,125 358,391 # Greenbrier Cos., Inc. (The)........................ 19,443 1,009,675 # Griffon Corp....................................... 40,850 600,086 H&E Equipment Services, Inc........................ 24,087 422,486 Hardinge, Inc...................................... 7,010 79,984 Harsco Corp........................................ 77,764 1,147,797 #* Hawaiian Holdings, Inc............................. 36,991 719,105 * HD Supply Holdings, Inc............................ 66,641 1,921,260 # Healthcare Services Group, Inc..................... 22,296 702,547 # Heartland Express, Inc............................. 89,374 2,296,018 # HEICO Corp......................................... 17,301 1,049,825 HEICO Corp. Class A................................ 29,227 1,378,638 Heidrick & Struggles International, Inc............ 12,669 280,745 #* Heritage-Crystal Clean, Inc........................ 1,500 19,125 Herman Miller, Inc................................. 41,962 1,218,996 * Hertz Global Holdings, Inc......................... 244,532 5,017,797 Hexcel Corp........................................ 61,225 2,707,982 #* Hill International, Inc............................ 30,527 116,613 Hillenbrand, Inc................................... 62,772 1,971,669 # HNI Corp........................................... 37,825 1,862,881 Honeywell International, Inc....................... 67,037 6,553,537 Houston Wire & Cable Co............................ 12,789 141,574 * Hub Group, Inc. Class A............................ 27,637 923,076 Hubbell, Inc. Class A.............................. 1,949 211,564 Hubbell, Inc. Class B.............................. 20,703 2,195,346 * Hudson Global, Inc................................. 18,692 45,795 Huntington Ingalls Industries, Inc................. 45,880 5,349,608 Hurco Cos., Inc.................................... 5,700 199,956 * Huron Consulting Group, Inc........................ 16,609 1,249,329 # Hyster-Yale Materials Handling, Inc................ 10,622 665,468 * ICF International, Inc............................. 15,345 573,289 IDEX Corp.......................................... 50,040 3,620,394 * IHS, Inc. Class A.................................. 13,312 1,532,611 Illinois Tool Works, Inc........................... 40,408 3,761,581 Ingersoll-Rand P.L.C............................... 72,624 4,822,234 #* InnerWorkings, Inc................................. 29,350 150,565 * Innovative Solutions & Support, Inc................ 12,137 47,820 1384 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) Insperity, Inc..................................... 17,452 $ 731,937 Insteel Industries, Inc............................ 12,782 261,008 * Integrated Electrical Services, Inc................ 3,196 23,363 Interface, Inc..................................... 38,805 609,627 # International Shipholding Corp..................... 2,771 46,442 # Intersections, Inc................................. 10,290 35,192 ITT Corp........................................... 41,822 1,497,646 * Jacobs Engineering Group, Inc...................... 35,863 1,366,380 JB Hunt Transport Services, Inc.................... 16,072 1,279,492 #* JetBlue Airways Corp............................... 220,871 3,708,424 John Bean Technologies Corp........................ 20,762 626,805 Joy Global, Inc.................................... 65,817 2,760,365 Kadant, Inc........................................ 6,702 266,337 Kaman Corp......................................... 34,433 1,309,143 Kansas City Southern............................... 45,300 4,987,077 KAR Auction Services, Inc.......................... 113,861 3,883,799 KBR, Inc........................................... 49,742 822,235 Kelly Services, Inc. Class A....................... 26,735 451,821 # Kennametal, Inc.................................... 54,483 1,711,856 * Key Technology, Inc................................ 1,967 25,178 Kforce, Inc........................................ 32,109 751,351 Kimball International, Inc. Class B................ 21,552 186,856 * Kirby Corp......................................... 40,855 2,961,579 * KLX, Inc........................................... 22,308 876,927 Knight Transportation, Inc......................... 85,979 2,449,542 # Knightsbridge Shipping, Ltd........................ 17,860 71,619 Knoll, Inc......................................... 38,428 787,390 * Korn/Ferry International........................... 34,010 969,285 #* Kratos Defense & Security Solutions, Inc........... 46,685 226,889 L-3 Communications Holdings, Inc................... 42,513 5,234,201 # Landstar System, Inc............................... 22,320 1,430,266 * Lawson Products, Inc............................... 3,994 98,252 #* Layne Christensen Co............................... 13,818 111,788 LB Foster Co. Class A.............................. 8,924 423,087 Lennox International, Inc.......................... 17,322 1,702,926 Lincoln Electric Holdings, Inc..................... 41,899 2,845,361 # Lindsay Corp....................................... 8,438 729,212 #* LMI Aerospace, Inc................................. 9,079 128,922 Lockheed Martin Corp............................... 22,200 4,181,814 LS Starrett Co. (The) Class A...................... 2,592 55,909 LSI Industries, Inc................................ 16,278 119,481 * Lydall, Inc........................................ 11,378 313,464 * Magnetek, Inc...................................... 495 19,562 # Manitowoc Co., Inc. (The).......................... 88,621 1,657,213 Manpowergroup, Inc................................. 45,721 3,332,146 Marten Transport, Ltd.............................. 25,020 511,659 Masco Corp......................................... 55,907 1,388,730 #* MasTec, Inc........................................ 51,008 944,668 Matson, Inc........................................ 31,796 1,104,911 Matthews International Corp. Class A............... 22,801 1,056,370 McGrath RentCorp................................... 18,370 558,081 * Meritor, Inc....................................... 71,251 912,013 * Mfri, Inc.......................................... 2,769 15,451 1385 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Middleby Corp. (The)............................... 24,894 $2,365,428 Miller Industries, Inc............................. 8,549 172,690 * Mistras Group, Inc................................. 17,786 357,499 # Mobile Mini, Inc................................... 33,283 1,208,173 * Moog, Inc. Class A................................. 27,513 1,934,164 * Moog, Inc. Class B................................. 2,329 163,566 #* MRC Global, Inc.................................... 64,440 696,596 MSA Safety, Inc.................................... 24,813 1,083,336 # MSC Industrial Direct Co., Inc. Class A............ 30,419 2,283,554 Mueller Industries, Inc............................ 50,730 1,592,415 Mueller Water Products, Inc. Class A............... 148,385 1,517,979 Multi-Color Corp................................... 10,570 615,385 * MYR Group, Inc..................................... 20,558 514,567 # National Presto Industries, Inc.................... 4,062 255,906 * Navigant Consulting, Inc........................... 39,820 574,603 #* NCI Building Systems, Inc.......................... 7,224 111,466 Nielsen NV......................................... 102,081 4,446,648 # NL Industries, Inc................................. 27,435 192,319 NN, Inc............................................ 11,956 275,586 # Nordson Corp....................................... 29,085 2,119,133 Norfolk Southern Corp.............................. 80,904 8,249,781 #* Nortek, Inc........................................ 1,252 95,565 Northrop Grumman Corp.............................. 56,649 8,891,061 #* Northwest Pipe Co.................................. 7,173 171,650 #* NOW, Inc........................................... 33,931 846,578 * Old Dominion Freight Line, Inc..................... 47,799 3,351,666 Omega Flex, Inc.................................... 3,089 96,902 * On Assignment, Inc................................. 38,185 1,341,439 * Orbital Sciences Corp.............................. 41,401 1,162,954 #* Orion Energy Systems, Inc.......................... 12,381 56,086 * Orion Marine Group, Inc............................ 16,646 151,978 Oshkosh Corp....................................... 60,729 2,602,238 Owens Corning...................................... 86,642 3,470,012 PACCAR, Inc........................................ 82,514 4,959,917 Pall Corp.......................................... 10,448 1,010,948 * PAM Transportation Services, Inc................... 7,101 411,148 Park-Ohio Holdings Corp............................ 14,506 775,056 Parker Hannifin Corp............................... 40,844 4,756,692 * Patrick Industries, Inc............................ 17,197 739,471 * Pendrell Corp...................................... 18,245 23,719 Pentair P.L.C...................................... 70,577 4,362,364 #* Performant Financial Corp.......................... 58,118 288,265 * PGT, Inc........................................... 34,934 300,083 Pitney Bowes, Inc.................................. 72,897 1,748,070 #* Ply Gem Holdings, Inc.............................. 8,274 104,252 #* Polypore International, Inc........................ 32,177 1,438,955 # Powell Industries, Inc............................. 7,854 306,385 #* PowerSecure International, Inc..................... 17,542 164,895 Precision Castparts Corp........................... 27,735 5,549,773 # Preformed Line Products Co......................... 3,262 155,956 # Primoris Services Corp............................. 50,360 945,761 #* Proto Labs, Inc.................................... 6,599 424,910 Providence and Worcester Railroad Co............... 361 6,660 1386 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Quad/Graphics, Inc................................. 7,391 $ 148,116 * Quality Distribution, Inc.......................... 18,762 156,475 # Quanex Building Products Corp...................... 30,086 566,519 * Quanta Services, Inc............................... 83,190 2,202,871 # Raven Industries, Inc.............................. 28,997 621,696 Raytheon Co........................................ 53,816 5,384,291 RBC Bearings, Inc.................................. 15,860 920,514 RCM Technologies, Inc.............................. 6,052 35,828 Regal-Beloit Corp.................................. 28,872 1,987,837 #* Republic Airways Holdings, Inc..................... 31,878 438,641 Republic Services, Inc............................. 128,558 5,101,181 Resources Connection, Inc.......................... 28,689 479,106 * Rexnord Corp....................................... 66,015 1,633,871 * Roadrunner Transportation Systems, Inc............. 26,648 541,487 Robert Half International, Inc..................... 25,616 1,487,265 Rockwell Automation, Inc........................... 24,520 2,670,718 Rockwell Collins, Inc.............................. 22,266 1,906,415 Rollins, Inc....................................... 32,987 1,090,220 Roper Industries, Inc.............................. 27,889 4,304,388 * RPX Corp........................................... 43,051 531,680 # RR Donnelley & Sons Co............................. 173,916 2,864,397 #* Rush Enterprises, Inc. Class A..................... 23,701 663,628 * Rush Enterprises, Inc. Class B..................... 1,308 35,512 Ryder System, Inc.................................. 56,250 4,656,937 * Saia, Inc.......................................... 26,652 1,122,316 #* Sensata Technologies Holding NV.................... 10,005 493,447 SIFCO Industries, Inc.............................. 1,400 40,586 Simpson Manufacturing Co., Inc..................... 32,517 1,061,355 SkyWest, Inc....................................... 15,209 190,873 * SL Industries, Inc................................. 4,400 188,100 Snap-on, Inc....................................... 35,034 4,649,362 #* SolarCity Corp..................................... 10,200 495,822 Southwest Airlines Co.............................. 327,864 14,812,896 * SP Plus Corp....................................... 8,787 196,126 * Sparton Corp....................................... 6,153 144,472 * Spirit Aerosystems Holdings, Inc. Class A.......... 77,839 3,505,869 * Spirit Airlines, Inc............................... 33,402 2,476,424 SPX Corp........................................... 29,155 2,436,483 #* Standard Register Co. (The)........................ 2,435 3,823 Standex International Corp......................... 9,071 635,786 Stanley Black & Decker, Inc........................ 54,497 5,103,644 Steelcase, Inc. Class A............................ 89,286 1,507,148 * Stericycle, Inc.................................... 7,792 1,023,012 #* Sterling Construction Co., Inc..................... 11,007 38,194 Sun Hydraulics Corp................................ 17,749 643,224 #* Swift Transportation Co............................ 77,244 1,898,658 TAL International Group, Inc....................... 29,228 1,188,118 #* Taser International, Inc........................... 35,700 964,257 * Team, Inc.......................................... 14,486 552,496 * Tecumseh Products Co............................... 7,545 26,709 * Teledyne Technologies, Inc......................... 28,030 2,663,971 Tennant Co......................................... 12,189 794,845 # Terex Corp......................................... 73,648 1,655,607 1387 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Tetra Tech, Inc.................................... 51,651 $ 1,189,523 Textainer Group Holdings, Ltd...................... 36,115 1,184,933 Textron, Inc....................................... 72,595 3,089,643 * Thermon Group Holdings, Inc........................ 17,893 365,912 Timken Co. (The)................................... 63,966 2,431,348 Titan International, Inc........................... 26,716 238,841 #* Titan Machinery, Inc............................... 12,396 175,155 Toro Co. (The)..................................... 20,800 1,350,128 Towers Watson & Co. Class A........................ 15,700 1,860,450 TransDigm Group, Inc............................... 7,520 1,545,586 #* TRC Cos., Inc...................................... 14,409 99,566 #* Trex Co., Inc...................................... 20,479 870,972 * Trimas Corp........................................ 27,814 750,700 # Trinity Industries, Inc............................ 116,923 3,094,952 Triumph Group, Inc................................. 37,931 2,164,343 * TrueBlue, Inc...................................... 29,296 646,270 * Tutor Perini Corp.................................. 37,876 822,288 # Twin Disc, Inc..................................... 8,316 133,888 Tyco International P.L.C........................... 68,118 2,779,896 * Ultralife Corp..................................... 4,610 15,444 UniFirst Corp...................................... 10,343 1,201,133 Union Pacific Corp................................. 219,888 25,773,072 * United Continental Holdings, Inc................... 203,449 14,113,257 United Parcel Service, Inc. Class B................ 47,991 4,743,430 * United Rentals, Inc................................ 54,755 4,536,452 United Stationers, Inc............................. 27,489 1,108,082 United Technologies Corp........................... 96,636 11,091,880 Universal Forest Products, Inc..................... 14,381 719,913 # Universal Truckload Services, Inc.................. 13,786 324,798 # US Ecology, Inc.................................... 14,860 616,096 #* USA Truck, Inc..................................... 8,484 235,855 #* USG Corp........................................... 52,093 1,586,232 #* UTi Worldwide, Inc................................. 53,421 634,107 # Valmont Industries, Inc............................ 15,627 1,877,115 * Vectrus, Inc....................................... 6,952 193,544 * Verisk Analytics, Inc. Class A..................... 22,569 1,452,315 #* Veritiv Corp....................................... 2,801 142,487 * Versar, Inc........................................ 2,944 8,979 Viad Corp.......................................... 14,753 398,036 #* Vicor Corp......................................... 13,305 143,295 * Virco Manufacturing Corp........................... 2,861 6,866 * Volt Information Sciences, Inc..................... 9,139 114,603 VSE Corp........................................... 4,332 313,507 #* Wabash National Corp............................... 72,618 905,546 * WABCO Holdings, Inc................................ 28,451 2,707,682 Wabtec Corp........................................ 35,679 2,977,413 Waste Connections, Inc............................. 93,024 4,020,497 Waste Management, Inc.............................. 99,177 5,100,673 # Watsco, Inc........................................ 17,176 1,869,779 Watsco, Inc. Class B............................... 1,750 196,131 Watts Water Technologies, Inc. Class A............. 19,431 1,139,240 # Werner Enterprises, Inc............................ 56,667 1,616,710 #* Wesco Aircraft Holdings, Inc....................... 13,602 177,370 1388 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) #* WESCO International, Inc........................... 36,724 $ 2,451,694 West Corp.......................................... 14,318 468,199 * Willdan Group, Inc................................. 5,500 76,945 * Willis Lease Finance Corp.......................... 4,123 85,181 Woodward, Inc...................................... 42,969 1,916,847 # WW Grainger, Inc................................... 11,050 2,606,032 #* Xerium Technologies, Inc........................... 1,334 20,530 #* XPO Logistics, Inc................................. 19,504 717,552 Xylem, Inc......................................... 49,218 1,678,334 * YRC Worldwide, Inc................................. 3,252 51,577 ------------ Total Industrials...................................... 741,937,746 ------------ Information Technology -- (14.6%) #* 3D Systems Corp.................................... 25,017 727,494 Accenture P.L.C. Class A........................... 51,880 4,359,476 #* ACI Worldwide, Inc................................. 97,650 1,803,595 Activision Blizzard, Inc........................... 174,932 3,655,204 * Actua Corp......................................... 30,003 483,048 * Acxiom Corp........................................ 50,697 922,685 * ADDvantage Technologies Group, Inc................. 2,391 5,547 * Adobe Systems, Inc................................. 24,312 1,705,001 # ADTRAN, Inc........................................ 33,070 731,178 * Advanced Energy Industries, Inc.................... 28,122 674,928 #* Advanced Micro Devices, Inc........................ 73,339 188,481 # Advent Software, Inc............................... 35,411 1,481,950 #* Agilysys, Inc...................................... 21,391 222,039 * Akamai Technologies, Inc........................... 43,326 2,519,624 #* Alliance Data Systems Corp......................... 15,881 4,586,909 * Alpha & Omega Semiconductor, Ltd................... 13,676 119,939 Altera Corp........................................ 53,398 1,758,129 Amdocs, Ltd........................................ 55,413 2,669,798 American Software, Inc. Class A.................... 15,060 124,847 * Amkor Technology, Inc.............................. 116,298 738,492 Amphenol Corp. Class A............................. 36,858 1,979,643 * Amtech Systems, Inc................................ 4,600 37,582 #* ANADIGICS, Inc..................................... 44,528 48,090 Analog Devices, Inc................................ 84,940 4,425,799 * Anixter International, Inc......................... 20,217 1,523,553 * ANSYS, Inc......................................... 19,349 1,560,884 * AOL, Inc........................................... 61,516 2,660,567 Apple, Inc......................................... 845,964 99,113,142 Applied Materials, Inc............................. 164,824 3,764,580 * ARRIS Group, Inc................................... 99,014 2,596,147 * Arrow Electronics, Inc............................. 71,420 3,930,957 #* Aspen Technology, Inc.............................. 23,031 814,031 Astro-Med, Inc..................................... 3,998 58,511 * Atmel Corp......................................... 220,474 1,836,548 #* Audience, Inc...................................... 2,386 9,639 * Autodesk, Inc...................................... 16,100 869,481 Automatic Data Processing, Inc..................... 30,864 2,547,206 Avago Technologies, Ltd............................ 11,700 1,203,696 * AVG Technologies NV................................ 53,292 1,054,116 #* Aviat Networks, Inc................................ 13,605 17,414 1389 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Avid Technology, Inc............................... 25,420 $ 329,443 Avnet, Inc......................................... 91,664 3,815,056 AVX Corp........................................... 102,896 1,330,445 Aware, Inc......................................... 4,426 21,599 #* Axcelis Technologies, Inc.......................... 50,487 121,169 * AXT, Inc........................................... 39,645 110,213 # Badger Meter, Inc.................................. 11,673 698,746 #* Bankrate, Inc...................................... 46,445 579,634 #* Bazaarvoice, Inc................................... 2,561 21,282 Bel Fuse, Inc. Class A............................. 1,600 33,120 Bel Fuse, Inc. Class B............................. 6,948 163,417 Belden, Inc........................................ 27,251 2,260,198 * Benchmark Electronics, Inc......................... 42,700 1,034,621 Black Box Corp..................................... 10,900 229,009 # Blackbaud, Inc..................................... 25,991 1,136,067 #* Blackhawk Network Holdings, Inc. Class B........... 22,535 746,134 #* Blucora, Inc....................................... 27,868 376,775 Booz Allen Hamilton Holding Corp................... 51,159 1,489,238 #* Bottomline Technologies de, Inc.................... 21,942 543,503 Broadcom Corp. Class A............................. 33,294 1,412,831 Broadridge Financial Solutions, Inc................ 64,719 3,105,865 Brocade Communications Systems, Inc................ 309,349 3,439,961 Brooks Automation, Inc............................. 55,371 714,840 * Bsquare Corp....................................... 5,039 22,323 * BTU International, Inc............................. 3,282 8,632 CA, Inc............................................ 151,661 4,595,328 * Cabot Microelectronics Corp........................ 17,127 846,245 * CACI International, Inc. Class A................... 19,579 1,656,188 #* Cadence Design Systems, Inc........................ 99,949 1,798,083 #* CalAmp Corp........................................ 20,035 358,827 * Calix, Inc......................................... 33,115 317,904 #* Cardtronics, Inc................................... 40,025 1,345,240 * Cascade Microtech, Inc............................. 6,500 87,490 # Cass Information Systems, Inc...................... 7,758 339,956 #* Cavium, Inc........................................ 8,640 508,118 CDK Global, Inc.................................... 10,288 464,606 CDW Corp........................................... 20,786 712,128 * Ceva, Inc.......................................... 13,751 251,781 * Checkpoint Systems, Inc............................ 31,224 404,663 #* ChyronHego Corp.................................... 1,964 5,489 * Ciber, Inc......................................... 70,727 228,448 #* Ciena Corp......................................... 47,811 885,460 * Cimpress NV........................................ 14,276 1,149,932 #* Cirrus Logic, Inc.................................. 45,978 1,218,417 Cisco Systems, Inc................................. 1,023,846 26,993,700 * Citrix Systems, Inc................................ 23,543 1,395,158 #* Clearfield, Inc.................................... 7,734 91,107 * Cognex Corp........................................ 49,051 1,802,624 * Cognizant Technology Solutions Corp. Class A....... 27,419 1,484,190 * Coherent, Inc...................................... 16,277 1,007,221 Cohu, Inc.......................................... 14,875 168,534 Communications Systems, Inc........................ 6,432 65,928 #* CommVault Systems, Inc............................. 15,622 680,807 1390 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) Computer Sciences Corp............................. 80,658 $4,894,327 Computer Task Group, Inc........................... 12,633 102,201 #* comScore, Inc...................................... 6,858 285,018 Comtech Telecommunications Corp.................... 13,774 455,093 * Comverse, Inc...................................... 2,678 46,142 Concurrent Computer Corp........................... 5,474 34,486 * Constant Contact, Inc.............................. 14,788 559,282 Convergys Corp..................................... 76,211 1,460,203 #* CoreLogic, Inc..................................... 68,056 2,259,459 Corning, Inc....................................... 270,852 6,438,152 #* CoStar Group, Inc.................................. 12,586 2,322,243 * Covisint Corp...................................... 19,645 43,612 #* Cray, Inc.......................................... 27,200 883,728 #* Cree, Inc.......................................... 52,552 1,858,239 #* Crexendo, Inc...................................... 4,869 6,963 CSG Systems International, Inc..................... 30,334 743,790 CTS Corp........................................... 21,166 338,656 #* CyberOptics Corp................................... 1,680 18,329 Cypress Semiconductor Corp......................... 9,987 147,109 Daktronics, Inc.................................... 31,536 390,416 * Datalink Corp...................................... 12,231 138,944 #* Dealertrack Technologies, Inc...................... 31,878 1,281,496 * Demand Media, Inc.................................. 5,780 23,409 * Dice Holdings, Inc................................. 67,925 561,740 # Diebold, Inc....................................... 39,162 1,221,854 * Digi International, Inc............................ 15,459 147,633 # Digimarc Corp...................................... 3,690 99,704 #* Digital River, Inc................................. 9,402 240,033 * Diodes, Inc........................................ 30,916 817,110 Dolby Laboratories, Inc. Class A................... 30,620 1,188,056 * Dot Hill Systems Corp.............................. 18,403 76,741 * DSP Group, Inc..................................... 16,097 176,906 DST Systems, Inc................................... 34,221 3,309,171 * DTS, Inc........................................... 10,231 283,603 # EarthLink Holdings Corp............................ 105,540 445,379 * eBay, Inc.......................................... 111,862 5,928,686 # Ebix, Inc.......................................... 21,473 490,658 * EchoStar Corp. Class A............................. 28,231 1,472,811 * Edgewater Technology, Inc.......................... 4,254 29,991 Electro Rent Corp.................................. 16,270 209,720 # Electro Scientific Industries, Inc................. 17,423 109,242 * Electronic Arts, Inc............................... 40,781 2,237,246 * Electronics for Imaging, Inc....................... 33,068 1,278,078 #* Ellie Mae, Inc..................................... 7,987 353,345 #* eMagin Corp........................................ 6,351 18,735 EMC Corp........................................... 352,886 9,150,334 * Emcore Corp........................................ 12,355 63,875 #* Emulex Corp........................................ 47,284 295,998 #* EnerNOC, Inc....................................... 14,110 242,974 * Entegris, Inc...................................... 95,408 1,240,304 #* Entropic Communications, Inc....................... 38,237 99,034 * Envestnet, Inc..................................... 7,897 406,459 * EPAM Systems, Inc.................................. 23,343 1,142,173 1391 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) EPIQ Systems, Inc.................................. 27,219 $ 474,972 * ePlus, Inc......................................... 5,292 356,892 # Equinix, Inc....................................... 13,839 3,001,126 #* Euronet Worldwide, Inc............................. 37,628 1,707,935 #* Exar Corp.......................................... 31,994 288,586 * ExlService Holdings, Inc........................... 22,324 655,879 #* Extreme Networks, Inc.............................. 59,549 175,074 * F5 Networks, Inc................................... 6,260 698,741 * Fabrinet........................................... 19,518 318,729 * Facebook, Inc. Class A............................. 100,254 7,610,281 # FactSet Research Systems, Inc...................... 14,215 2,041,132 Fair Isaac Corp.................................... 26,827 1,914,106 #* Fairchild Semiconductor International, Inc......... 106,572 1,635,880 * FalconStor Software, Inc........................... 19,668 27,142 #* FARO Technologies, Inc............................. 11,101 614,440 # FEI Co............................................. 24,374 2,004,030 Fidelity National Information Services, Inc........ 123,557 7,713,664 #* Finisar Corp....................................... 62,407 1,132,063 * First Solar, Inc................................... 65,568 2,774,838 * Fiserv, Inc........................................ 97,364 7,061,811 * FleetCor Technologies, Inc......................... 8,920 1,253,260 FLIR Systems, Inc.................................. 90,083 2,720,507 * FormFactor, Inc.................................... 50,042 377,817 # Forrester Research, Inc............................ 12,706 479,524 * Fortinet, Inc...................................... 18,711 559,365 #* Freescale Semiconductor, Ltd....................... 32,917 1,056,307 * Frequency Electronics, Inc......................... 4,145 47,274 * Gartner, Inc....................................... 13,847 1,166,194 * Genpact, Ltd....................................... 118,539 2,379,078 * Global Cash Access Holdings, Inc................... 62,031 410,025 Global Payments, Inc............................... 45,215 3,947,722 Globalscape, Inc................................... 3,392 7,869 * Google, Inc. Class A............................... 15,569 8,369,116 * Google, Inc. Class C............................... 14,069 7,520,162 * GSE Systems, Inc................................... 8,763 14,547 * GSI Group, Inc..................................... 14,874 196,634 #* GSI Technology, Inc................................ 9,727 49,219 * GTT Communications, Inc............................ 16,017 184,356 #* Guidance Software, Inc............................. 6,777 44,457 #* Guidewire Software, Inc............................ 10,383 520,188 Hackett Group, Inc. (The).......................... 24,377 184,778 * Harmonic, Inc...................................... 87,898 672,420 Harris Corp........................................ 24,426 1,639,717 # Heartland Payment Systems, Inc..................... 22,925 1,140,977 Hewlett-Packard Co................................. 633,851 22,901,037 * Higher One Holdings, Inc........................... 8,598 28,459 * HomeAway, Inc...................................... 3,199 81,543 #* Hutchinson Technology, Inc......................... 28,754 100,351 IAC/InterActiveCorp................................ 77,073 4,697,599 * ID Systems, Inc.................................... 4,988 32,871 * Identiv, Inc....................................... 1,836 23,152 * IEC Electronics Corp............................... 4,588 20,554 * iGATE Corp......................................... 37,665 1,333,341 1392 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * II-VI, Inc......................................... 35,998 $ 618,806 #* Imation Corp....................................... 14,604 54,911 * Immersion Corp..................................... 13,356 125,680 #* Infinera Corp...................................... 80,189 1,292,647 * Informatica Corp................................... 32,158 1,340,506 * Ingram Micro, Inc. Class A......................... 100,719 2,536,104 * Innodata, Inc...................................... 15,241 43,589 #* Inphi Corp......................................... 13,373 262,111 * Insight Enterprises, Inc........................... 34,350 813,065 * Integrated Device Technology, Inc.................. 100,218 1,832,987 # Integrated Silicon Solution, Inc................... 24,902 400,424 Intel Corp......................................... 1,402,548 46,340,186 #* Interactive Intelligence Group, Inc................ 8,480 343,949 InterDigital, Inc.................................. 27,117 1,355,308 #* Internap Corp...................................... 36,369 306,227 International Business Machines Corp............... 72,831 11,165,721 * Interphase Corp.................................... 2,400 4,944 Intersil Corp. Class A............................. 88,652 1,268,610 #* Intevac, Inc....................................... 12,535 81,478 * IntraLinks Holdings, Inc........................... 28,949 308,596 * IntriCon Corp...................................... 3,283 24,294 Intuit, Inc........................................ 18,774 1,629,959 #* IPG Photonics Corp................................. 30,085 2,245,544 * Iteris, Inc........................................ 3,900 7,020 * Itron, Inc......................................... 25,913 964,223 #* Ixia............................................... 51,780 525,049 IXYS Corp.......................................... 25,921 292,907 # j2 Global, Inc..................................... 36,305 2,085,359 Jabil Circuit, Inc................................. 154,989 3,194,323 Jack Henry & Associates, Inc....................... 39,839 2,444,919 #* JDS Uniphase Corp.................................. 139,553 1,695,569 Juniper Networks, Inc.............................. 118,865 2,701,801 * Kemet Corp......................................... 15,556 59,113 * Key Tronic Corp.................................... 5,745 52,969 * Keysight Technologies, Inc......................... 20,072 670,204 * Kimball Electronics, Inc........................... 16,164 164,550 # KLA-Tencor Corp.................................... 47,962 2,948,224 #* Knowles Corp....................................... 22,864 484,945 #* Kofax, Ltd......................................... 11,542 79,524 #* Kopin Corp......................................... 43,212 157,724 * Kulicke & Soffa Industries, Inc.................... 61,070 926,432 * KVH Industries, Inc................................ 10,836 131,116 Lam Research Corp.................................. 53,326 4,076,239 * Lattice Semiconductor Corp......................... 79,245 565,017 Leidos Holdings, Inc............................... 53,283 2,205,916 # Lexmark International, Inc. Class A................ 54,418 2,171,822 * LGL Group, Inc. (The).............................. 1,209 4,594 * Limelight Networks, Inc............................ 73,899 196,571 Linear Technology Corp............................. 36,065 1,620,761 #* Lionbridge Technologies, Inc....................... 68,760 342,425 #* Liquidity Services, Inc............................ 1,628 12,601 Littelfuse, Inc.................................... 16,057 1,585,468 * LoJack Corp........................................ 17,765 37,662 1393 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* M/A-COM Technology Solutions Holdings, Inc......... 5,867 $ 190,736 * Magnachip Semiconductor Corp....................... 26,027 374,268 * Manhattan Associates, Inc.......................... 52,380 2,338,243 ManTech International Corp. Class A................ 18,580 604,407 # Marchex, Inc. Class B.............................. 13,951 53,153 Marvell Technology Group, Ltd...................... 92,756 1,436,790 MasterCard, Inc. Class A........................... 70,291 5,765,971 #* Mattersight Corp................................... 2,980 16,539 * Mattson Technology, Inc............................ 29,541 97,190 Maxim Integrated Products, Inc..................... 86,501 2,862,318 MAXIMUS, Inc....................................... 60,433 3,367,327 * MaxLinear, Inc. Class A............................ 5,479 44,106 #* Maxwell Technologies, Inc.......................... 16,511 131,428 Mentor Graphics Corp............................... 81,992 1,886,636 * Mercury Systems, Inc............................... 20,062 316,578 # Mesa Laboratories, Inc............................. 2,490 189,663 Methode Electronics, Inc........................... 26,314 951,777 Micrel, Inc........................................ 40,728 573,043 # Microchip Technology, Inc.......................... 60,416 2,724,762 * Micron Technology, Inc............................. 396,174 11,594,032 * Microsemi Corp..................................... 65,941 1,837,116 Microsoft Corp..................................... 675,654 27,296,422 MKS Instruments, Inc............................... 43,122 1,509,701 MOCON, Inc......................................... 3,290 57,082 #* ModusLink Global Solutions, Inc.................... 22,105 79,799 #* MoneyGram International, Inc....................... 7,036 59,947 Monolithic Power Systems, Inc...................... 24,423 1,159,848 Monotype Imaging Holdings, Inc..................... 24,397 715,808 #* Monster Worldwide, Inc............................. 21,204 87,573 #* MoSys, Inc......................................... 23,590 47,416 Motorola Solutions, Inc............................ 39,832 2,485,915 # MTS Systems Corp................................... 11,907 860,638 * Multi-Fineline Electronix, Inc..................... 14,005 182,205 #* Nanometrics, Inc................................... 16,934 263,154 * NAPCO Security Technologies, Inc................... 4,744 23,578 National Instruments Corp.......................... 44,706 1,344,756 * NCI, Inc. Class A.................................. 1,913 23,568 * NCR Corp........................................... 112,134 2,848,204 NetApp, Inc........................................ 113,095 4,274,991 * NETGEAR, Inc....................................... 27,061 913,850 #* Netscout Systems, Inc.............................. 28,771 1,032,879 #* NetSuite, Inc...................................... 5,504 541,759 #* NeuStar, Inc. Class A.............................. 20,843 547,962 * Newport Corp....................................... 26,884 497,892 NIC, Inc........................................... 30,196 495,818 #* Novatel Wireless, Inc.............................. 20,282 107,089 #* Nuance Communications, Inc......................... 154,623 2,125,293 #* Numerex Corp. Class A.............................. 7,077 74,167 # NVIDIA Corp........................................ 158,800 3,049,754 #* Oclaro, Inc........................................ 2,852 4,078 * OmniVision Technologies, Inc....................... 37,945 1,026,033 * ON Semiconductor Corp.............................. 315,490 3,158,055 #* Onvia, Inc......................................... 521 2,412 1394 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Optical Cable Corp................................. 2,727 $ 14,208 Oracle Corp........................................ 425,412 17,820,509 * OSI Systems, Inc................................... 14,423 1,009,322 #* Pandora Media, Inc................................. 1,538 25,531 * PAR Technology Corp................................ 6,291 36,110 Park Electrochemical Corp.......................... 12,639 274,393 Paychex, Inc....................................... 62,809 2,842,735 PC Connection, Inc................................. 17,100 406,125 PC-Tel, Inc........................................ 9,651 80,972 * PCM, Inc........................................... 6,559 62,311 * PDF Solutions, Inc................................. 16,209 269,394 Pegasystems, Inc................................... 27,857 545,161 Perceptron, Inc.................................... 5,431 58,166 * Perficient, Inc.................................... 23,015 414,270 * Pericom Semiconductor Corp......................... 14,990 219,004 #* Photronics, Inc.................................... 40,446 339,746 #* Planar Systems, Inc................................ 8,372 61,283 Plantronics, Inc................................... 29,266 1,341,261 * Plexus Corp........................................ 26,319 997,227 * PMC-Sierra, Inc.................................... 123,166 1,088,787 * Polycom, Inc....................................... 97,502 1,296,777 Power Integrations, Inc............................ 18,346 946,287 * PRGX Global, Inc................................... 15,202 78,898 #* Procera Networks, Inc.............................. 9,637 84,613 * Progress Software Corp............................. 37,131 930,132 * PTC, Inc........................................... 59,372 1,983,619 QAD, Inc. Class A.................................. 6,498 125,671 QAD, Inc. Class B.................................. 1,920 33,235 * QLogic Corp........................................ 57,006 761,600 * Qorvo, Inc......................................... 95,461 7,051,704 QUALCOMM, Inc...................................... 153,209 9,569,434 * Qualstar Corp...................................... 500 710 #* QuinStreet, Inc.................................... 7,764 39,752 * Qumu Corp.......................................... 5,408 76,794 #* Rackspace Hosting, Inc............................. 47,238 2,123,820 * Radisys Corp....................................... 8,249 19,138 #* Rambus, Inc........................................ 79,978 899,752 * RealD, Inc......................................... 14,528 157,629 * RealNetworks, Inc.................................. 72,146 507,186 #* RealPage, Inc...................................... 6,162 110,978 * Red Hat, Inc....................................... 14,800 944,092 Reis, Inc.......................................... 6,963 156,668 #* Relm Wireless Corp................................. 766 4,083 #* Remark Media, Inc.................................. 418 1,860 RF Industries, Ltd................................. 3,883 17,435 Richardson Electronics, Ltd........................ 8,608 80,657 #* Rightside Group, Ltd............................... 2,793 22,065 * Riverbed Technology, Inc........................... 39,694 816,903 * Rofin-Sinar Technologies, Inc...................... 20,965 564,378 * Rogers Corp........................................ 11,544 852,640 #* Rosetta Stone, Inc................................. 11,939 107,690 #* Rovi Corp.......................................... 68,703 1,587,726 #* Rubicon Technology, Inc............................ 7,394 30,759 1395 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Rudolph Technologies, Inc.......................... 27,642 $ 277,249 #* Saba Software, Inc................................. 13,847 133,485 * Salesforce.com, Inc................................ 27,620 1,559,149 SanDisk Corp....................................... 54,798 4,159,716 * Sanmina Corp....................................... 58,782 1,245,003 * Sapient Corp....................................... 109,195 2,714,588 * ScanSource, Inc.................................... 19,023 655,913 Science Applications International Corp............ 31,697 1,546,180 * SciQuest, Inc...................................... 2,040 29,009 * Seachange International, Inc....................... 22,574 159,372 Seagate Technology P.L.C........................... 60,324 3,404,687 * Semtech Corp....................................... 40,160 1,022,474 * ShoreTel, Inc...................................... 42,758 302,727 #* Shutterstock, Inc.................................. 7,832 440,863 * Sigma Designs, Inc................................. 33,813 215,051 #* Silicon Graphics International Corp................ 15,981 150,701 * Silicon Image, Inc................................. 45,712 331,869 * Silicon Laboratories, Inc.......................... 28,916 1,265,364 Skyworks Solutions, Inc............................ 112,578 9,349,603 * SMTC Corp.......................................... 8,334 13,834 * SolarWinds, Inc.................................... 18,290 880,663 Solera Holdings, Inc............................... 16,905 872,298 * Sonus Networks, Inc................................ 39,117 746,356 * Spansion, Inc. Class A............................. 40,874 1,449,392 #* Speed Commerce, Inc................................ 15,685 37,330 * Splunk, Inc........................................ 1,842 95,139 SS&C Technologies Holdings, Inc.................... 46,066 2,548,832 * Stamps.com, Inc.................................... 10,182 463,994 * StarTek, Inc....................................... 7,712 72,724 #* Stratasys, Ltd..................................... 24,699 1,963,324 #* SunEdison, Inc..................................... 141,140 2,643,552 #* SunPower Corp...................................... 60,268 1,453,664 * Super Micro Computer, Inc.......................... 25,605 936,375 * support.com, Inc................................... 26,618 52,171 * Sykes Enterprises, Inc............................. 35,173 792,096 Symantec Corp...................................... 262,972 6,513,816 #* Synaptics, Inc..................................... 29,897 2,296,389 #* Synchronoss Technologies, Inc...................... 23,126 982,161 # SYNNEX Corp........................................ 27,678 2,053,431 * Synopsys, Inc...................................... 63,948 2,749,125 * Syntel, Inc........................................ 22,762 984,456 * Tableau Software, Inc. Class A..................... 4,969 401,296 #* Take-Two Interactive Software, Inc................. 124,881 3,711,463 TE Connectivity, Ltd............................... 85,961 5,706,951 * Tech Data Corp..................................... 31,224 1,782,890 * TechTarget, Inc.................................... 8,856 97,859 * TeleCommunication Systems, Inc. Class A............ 54,546 154,365 #* Telenav, Inc....................................... 29,400 190,512 * TeleTech Holdings, Inc............................. 37,519 827,669 #* Teradata Corp...................................... 65,925 2,937,618 Teradyne, Inc...................................... 133,582 2,417,834 Tessco Technologies, Inc........................... 5,854 132,593 Tessera Technologies, Inc.......................... 37,392 1,386,495 1396 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) Texas Instruments, Inc............................. 99,015 $ 5,292,352 TheStreet, Inc..................................... 12,656 26,324 * TiVo, Inc.......................................... 28,591 299,062 Total System Services, Inc......................... 129,183 4,569,203 # Transact Technologies, Inc......................... 5,300 31,535 * Trimble Navigation, Ltd............................ 52,092 1,241,873 #* TTM Technologies, Inc.............................. 63,812 443,493 #* Tyler Technologies, Inc............................ 18,173 1,927,792 #* Ultimate Software Group, Inc. (The)................ 6,315 934,683 * Ultra Clean Holdings, Inc.......................... 17,635 155,188 #* Ultratech, Inc..................................... 19,800 315,612 * Unisys Corp........................................ 24,872 545,443 * United Online, Inc................................. 9,323 123,064 * Unwired Planet, Inc................................ 24,541 24,222 * Vantiv, Inc. Class A............................... 62,995 2,166,398 #* VASCO Data Security International, Inc............. 7,646 164,389 #* Veeco Instruments, Inc............................. 28,008 816,993 #* VeriFone Systems, Inc.............................. 60,130 1,887,481 #* Verint Systems, Inc................................ 30,460 1,625,955 #* VeriSign, Inc...................................... 14,100 768,168 #* ViaSat, Inc........................................ 27,869 1,566,795 * Viasystems Group, Inc.............................. 10,620 170,026 * Video Display Corp................................. 3,247 8,150 #* Virtusa Corp....................................... 21,489 804,978 Visa, Inc. Class A................................. 71,331 18,182,985 # Vishay Intertechnology, Inc........................ 131,644 1,792,991 * Vishay Precision Group, Inc........................ 9,829 163,555 #* VMware, Inc. Class A............................... 3,400 262,140 Wayside Technology Group, Inc...................... 3,335 59,130 #* Web.com Group, Inc................................. 30,956 467,745 #* WebMD Health Corp.................................. 17,467 676,846 * Westell Technologies, Inc. Class A................. 24,316 30,395 Western Digital Corp............................... 78,396 7,622,443 # Western Union Co. (The)............................ 71,112 1,208,904 * WEX, Inc........................................... 27,292 2,512,229 * Xcerra Corp........................................ 31,104 238,879 Xerox Corp......................................... 576,168 7,588,133 Xilinx, Inc........................................ 60,741 2,343,084 * XO Group, Inc...................................... 17,814 292,862 * Yahoo!, Inc........................................ 110,657 4,867,801 #* Yelp, Inc.......................................... 3,177 166,697 * Zebra Technologies Corp. Class A................... 35,863 2,993,126 #* Zillow, Inc. Class A............................... 2,370 229,700 #* Zix Corp........................................... 41,374 146,464 #* Zynga, Inc. Class A................................ 476,391 1,219,561 ------------ Total Information Technology........................... 817,806,415 ------------ Materials -- (4.6%) A Schulman, Inc.................................... 20,711 721,778 * AEP Industries, Inc................................ 5,585 279,864 Air Products & Chemicals, Inc...................... 23,298 3,392,422 Airgas, Inc........................................ 39,801 4,483,185 Albemarle Corp..................................... 80,648 3,892,072 1397 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Alcoa, Inc......................................... 462,297 $ 7,234,948 Allegheny Technologies, Inc........................ 65,699 1,874,392 #* Allied Nevada Gold Corp............................ 8,534 8,790 #* AM Castle & Co..................................... 13,330 80,647 # American Vanguard Corp............................. 17,423 194,789 Ampco-Pittsburgh Corp.............................. 4,586 83,465 # Aptargroup, Inc.................................... 40,961 2,585,049 Ashland, Inc....................................... 34,927 4,139,548 Avery Dennison Corp................................ 73,839 3,859,565 Axiall Corp........................................ 37,833 1,674,110 Balchem Corp....................................... 15,438 817,751 Ball Corp.......................................... 22,000 1,393,260 Bemis Co., Inc..................................... 80,434 3,563,226 * Berry Plastics Group, Inc.......................... 43,012 1,454,666 * Boise Cascade Co................................... 14,950 604,578 Cabot Corp......................................... 45,400 1,925,414 * Calgon Carbon Corp................................. 38,212 753,923 Carpenter Technology Corp.......................... 33,193 1,259,342 Celanese Corp. Series A............................ 81,762 4,395,525 #* Century Aluminum Co................................ 69,737 1,611,622 CF Industries Holdings, Inc........................ 30,186 9,218,201 # Chase Corp......................................... 3,920 140,336 * Chemtura Corp...................................... 69,113 1,505,972 * Clearwater Paper Corp.............................. 15,020 1,111,780 Commercial Metals Co............................... 100,403 1,347,408 Compass Minerals International, Inc................ 22,675 1,981,795 #* Contango ORE, Inc.................................. 780 3,120 * Core Molding Technologies, Inc..................... 4,878 70,731 * Crown Holdings, Inc................................ 17,000 753,270 Cytec Industries, Inc.............................. 61,070 2,930,749 Deltic Timber Corp................................. 6,655 415,938 Domtar Corp........................................ 46,542 1,782,559 Dow Chemical Co. (The)............................. 292,793 13,222,532 Eagle Materials, Inc............................... 28,380 2,021,224 Eastman Chemical Co................................ 86,515 6,133,048 Ecolab, Inc........................................ 26,207 2,719,500 EI du Pont de Nemours & Co......................... 119,246 8,491,508 * Ferro Corp......................................... 137,587 1,531,343 #* Flotek Industries, Inc............................. 30,204 488,399 FMC Corp........................................... 21,044 1,210,030 Freeport-McMoRan, Inc.............................. 275,365 4,628,886 Friedman Industries, Inc........................... 5,121 32,057 FutureFuel Corp.................................... 30,554 335,788 #* General Moly, Inc.................................. 58,531 35,119 Globe Specialty Metals, Inc........................ 50,278 775,287 * Graphic Packaging Holding Co....................... 268,472 3,887,475 Greif, Inc. Class A................................ 19,471 743,792 Greif, Inc. Class B................................ 8,861 388,200 # Hawkins, Inc....................................... 6,748 259,865 # Haynes International, Inc.......................... 6,462 251,566 # HB Fuller Co....................................... 36,688 1,509,711 * Headwaters, Inc.................................... 49,356 694,932 # Hecla Mining Co.................................... 105,137 345,901 1398 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) #* Horsehead Holding Corp............................. 39,261 $ 527,668 # Huntsman Corp...................................... 197,626 4,339,867 Innophos Holdings, Inc............................. 18,488 1,100,776 Innospec, Inc...................................... 16,438 648,808 International Flavors & Fragrances, Inc............ 8,200 870,102 International Paper Co............................. 135,000 7,109,100 #* Intrepid Potash, Inc............................... 38,396 511,051 Kaiser Aluminum Corp............................... 12,565 870,880 KapStone Paper and Packaging Corp.................. 93,122 2,781,554 KMG Chemicals, Inc................................. 7,438 155,603 # Koppers Holdings, Inc.............................. 12,581 228,471 #* Kraton Performance Polymers, Inc................... 13,576 262,560 Kronos Worldwide, Inc.............................. 33,276 373,689 #* Louisiana-Pacific Corp............................. 95,527 1,563,777 * LSB Industries, Inc................................ 19,653 613,960 LyondellBasell Industries NV Class A............... 77,049 6,093,805 # Martin Marietta Materials, Inc..................... 38,277 4,123,964 Materion Corp...................................... 16,828 554,483 #* McEwen Mining, Inc................................. 5,410 6,763 MeadWestvaco Corp.................................. 98,891 4,972,239 * Mercer International, Inc.......................... 30,357 384,927 Minerals Technologies, Inc......................... 24,648 1,610,254 Monsanto Co........................................ 37,757 4,454,571 Mosaic Co. (The)................................... 74,640 3,634,222 # Myers Industries, Inc.............................. 25,426 423,343 Neenah Paper, Inc.................................. 16,188 928,867 NewMarket Corp..................................... 6,400 2,877,888 Newmont Mining Corp................................ 169,973 4,274,821 Noranda Aluminum Holding Corp...................... 44,811 135,777 #* Northern Technologies International Corp........... 929 18,984 Nucor Corp......................................... 82,100 3,583,665 # Olin Corp.......................................... 61,885 1,551,457 Olympic Steel, Inc................................. 7,202 98,739 OM Group, Inc...................................... 21,791 610,148 * OMNOVA Solutions, Inc.............................. 31,590 216,707 * Owens-Illinois, Inc................................ 135,793 3,170,767 Packaging Corp. of America......................... 48,495 3,678,346 * Penford Corp....................................... 8,331 156,789 PH Glatfelter Co................................... 31,106 711,394 PolyOne Corp....................................... 71,726 2,552,728 PPG Industries, Inc................................ 10,790 2,404,875 Praxair, Inc....................................... 32,224 3,885,892 Quaker Chemical Corp............................... 9,178 724,328 Reliance Steel & Aluminum Co....................... 49,302 2,581,946 #* Rentech, Inc....................................... 89,229 107,075 * Resolute Forest Products, Inc...................... 4,347 73,899 Rock-Tenn Co. Class A.............................. 59,941 3,890,171 # Royal Gold, Inc.................................... 38,218 2,769,276 RPM International, Inc............................. 64,283 3,076,584 #* RTI International Metals, Inc...................... 17,966 400,642 # Schnitzer Steel Industries, Inc. Class A........... 17,270 291,518 # Schweitzer-Mauduit International, Inc.............. 20,896 812,019 Scotts Miracle-Gro Co. (The) Class A............... 31,653 2,007,750 1399 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) Sealed Air Corp.................................... 75,798 $ 3,069,819 #* Senomyx, Inc....................................... 11,087 58,539 Sensient Technologies Corp......................... 34,170 2,084,370 Sherwin-Williams Co. (The)......................... 8,800 2,387,176 Sigma-Aldrich Corp................................. 9,500 1,306,440 Silgan Holdings, Inc............................... 38,967 2,003,293 Sonoco Products Co................................. 63,734 2,817,043 # Southern Copper Corp............................... 11,634 317,376 Steel Dynamics, Inc................................ 182,555 3,110,737 Stepan Co.......................................... 14,992 575,693 #* Stillwater Mining Co............................... 82,167 1,123,223 SunCoke Energy, Inc................................ 55,862 843,516 Synalloy Corp...................................... 4,403 73,530 TimkenSteel Corp................................... 28,643 773,361 * Trecora Resources.................................. 10,556 145,145 Tredegar Corp...................................... 13,462 287,952 # Tronox, Ltd. Class A............................... 36,011 761,273 United States Lime & Minerals, Inc................. 3,394 234,695 # United States Steel Corp........................... 100,605 2,458,786 #* Universal Stainless & Alloy Products, Inc.......... 3,717 82,852 Valspar Corp. (The)................................ 39,680 3,310,502 #* Verso Corp......................................... 1,800 3,780 Vulcan Materials Co................................ 31,380 2,212,604 Wausau Paper Corp.................................. 18,875 191,770 Westlake Chemical Corp............................. 83,009 4,757,246 Worthington Industries, Inc........................ 57,817 1,730,463 * WR Grace & Co...................................... 16,004 1,387,227 Zep, Inc........................................... 14,727 235,927 ------------ Total Materials......................................... 257,405,780 ------------ Other -- (0.0%) o#* Gerber Scientific, Inc. Escrow Shares.............. 12,557 -- ------------ Real Estate Investment Trusts -- (0.0%) CareTrust REIT, Inc................................ 1,196 16,122 Lamar Advertising Co. Class A...................... 32,452 1,817,961 ------------ Total Real Estate Investment Trusts..................... 1,834,083 ------------ Telecommunication Services -- (2.5%) #* 8x8, Inc........................................... 29,171 224,908 * Alaska Communications Systems Group, Inc........... 6,824 12,147 * Alteva............................................. 2,937 21,440 AT&T, Inc.......................................... 2,105,867 69,325,142 Atlantic Tele-Network, Inc......................... 10,116 672,006 #* Boingo Wireless, Inc............................... 17,338 146,506 CenturyLink, Inc................................... 182,915 6,798,951 * Cincinnati Bell, Inc............................... 128,827 377,463 Cogent Communications Holdings, Inc................ 26,528 983,128 # Consolidated Communications Holdings, Inc.......... 41,938 976,317 # Frontier Communications Corp....................... 690,273 4,635,183 * General Communication, Inc. Class A................ 40,249 590,855 #* Hawaiian Telcom Holdco, Inc........................ 958 24,937 IDT Corp. Class B.................................. 23,808 508,539 1400 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Telecommunication Services -- (Continued) Inteliquent, Inc................................... 40,522 $ 681,580 #* Intelsat SA........................................ 17,716 279,027 #* Iridium Communications, Inc........................ 44,017 374,585 * Level 3 Communications, Inc........................ 63,197 3,143,419 Lumos Networks Corp................................ 18,448 295,721 # NTELOS Holdings Corp............................... 10,991 45,063 #* ORBCOMM, Inc....................................... 38,992 216,795 * Premiere Global Services, Inc...................... 33,866 299,375 * SBA Communications Corp. Class A................... 21,982 2,565,299 # Shenandoah Telecommunications Co................... 34,948 1,038,305 Spok Holdings, Inc................................. 18,161 310,916 #* Sprint Corp........................................ 110,821 476,530 #* Straight Path Communications, Inc. Class B......... 7,493 143,716 #* T-Mobile US, Inc................................... 51,251 1,546,755 Telephone & Data Systems, Inc...................... 73,452 1,707,759 * United States Cellular Corp........................ 12,696 441,694 Verizon Communications, Inc........................ 751,077 34,331,730 #* Vonage Holdings Corp............................... 144,148 605,422 Windstream Holdings, Inc........................... 566,562 4,504,168 ------------ Total Telecommunication Services....................... 138,305,381 ------------ Utilities -- (1.9%) AES Corp........................................... 142,171 1,737,330 AGL Resources, Inc................................. 27,012 1,522,937 ALLETE, Inc........................................ 24,403 1,382,430 Alliant Energy Corp................................ 12,946 888,225 Ameren Corp........................................ 17,841 807,840 American Electric Power Co., Inc................... 28,000 1,758,680 American States Water Co........................... 21,043 834,145 American Water Works Co., Inc...................... 11,264 632,361 # Aqua America, Inc.................................. 57,843 1,564,653 Artesian Resources Corp. Class A................... 3,453 76,484 Atmos Energy Corp.................................. 34,598 1,968,972 # Avista Corp........................................ 34,006 1,262,643 Black Hills Corp................................... 24,539 1,230,876 * Cadiz, Inc......................................... 2,488 24,034 California Water Service Group..................... 25,697 630,604 * Calpine Corp....................................... 212,505 4,437,104 CenterPoint Energy, Inc............................ 32,446 749,178 Chesapeake Utilities Corp.......................... 9,663 471,168 Cleco Corp......................................... 21,400 1,163,304 CMS Energy Corp.................................... 35,800 1,350,734 Connecticut Water Service, Inc..................... 6,680 240,213 # Consolidated Edison, Inc........................... 19,781 1,370,428 Consolidated Water Co., Ltd........................ 8,030 87,126 Delta Natural Gas Co., Inc......................... 2,958 62,798 Dominion Resources, Inc............................ 34,465 2,650,014 DTE Energy Co...................................... 16,333 1,464,417 Duke Energy Corp................................... 44,035 3,837,210 * Dynegy, Inc........................................ 78,341 2,140,276 Edison International............................... 18,676 1,272,769 El Paso Electric Co................................ 21,595 865,096 Empire District Electric Co. (The)................. 23,535 717,111 1401 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Utilities -- (Continued) Entergy Corp....................................... 16,687 $1,460,279 # Exelon Corp........................................ 42,345 1,526,114 # FirstEnergy Corp................................... 39,967 1,611,869 Gas Natural, Inc................................... 5,877 57,301 # Genie Energy, Ltd. Class B......................... 12,764 80,030 Great Plains Energy, Inc........................... 51,724 1,529,479 Hawaiian Electric Industries, Inc.................. 43,152 1,480,114 # IDACORP, Inc....................................... 28,517 1,936,589 Integrys Energy Group, Inc......................... 19,386 1,572,205 ITC Holdings Corp.................................. 46,578 1,981,428 # Laclede Group, Inc. (The).......................... 23,684 1,273,252 MDU Resources Group, Inc........................... 34,636 783,120 # MGE Energy, Inc.................................... 18,048 828,403 # Middlesex Water Co................................. 9,603 210,018 # National Fuel Gas Co............................... 26,581 1,686,033 New Jersey Resources Corp.......................... 24,881 1,589,398 NextEra Energy, Inc................................ 25,658 2,802,880 NiSource, Inc...................................... 21,400 925,764 # Northeast Utilities................................ 30,261 1,681,906 # Northwest Natural Gas Co........................... 13,834 690,455 # NorthWestern Corp.................................. 25,675 1,482,988 NRG Energy, Inc.................................... 85,540 2,109,416 # NRG Yield, Inc. Class A............................ 6,297 332,985 OGE Energy Corp.................................... 25,200 886,536 # ONE Gas, Inc....................................... 27,962 1,235,641 Ormat Technologies, Inc............................ 24,692 660,511 # Otter Tail Corp.................................... 19,733 610,144 Pepco Holdings, Inc................................ 32,515 892,537 PG&E Corp.......................................... 21,839 1,284,352 Piedmont Natural Gas Co., Inc...................... 26,711 1,065,502 Pinnacle West Capital Corp......................... 12,900 905,322 PNM Resources, Inc................................. 44,367 1,353,193 # Portland General Electric Co....................... 45,881 1,821,476 PPL Corp........................................... 29,467 1,046,079 Public Service Enterprise Group, Inc............... 50,049 2,136,091 Questar Corp....................................... 96,766 2,511,078 RGC Resources, Inc................................. 678 14,570 # SCANA Corp......................................... 11,266 718,433 Sempra Energy...................................... 13,294 1,487,864 SJW Corp........................................... 13,752 464,405 South Jersey Industries, Inc....................... 18,842 1,097,546 Southern Co. (The)................................. 52,061 2,640,534 Southwest Gas Corp................................. 25,612 1,574,114 TECO Energy, Inc................................... 82,749 1,765,036 UGI Corp........................................... 120,261 4,448,454 UIL Holdings Corp.................................. 30,926 1,422,596 # Unitil Corp........................................ 9,462 353,500 Vectren Corp....................................... 28,804 1,380,288 # Westar Energy, Inc................................. 46,315 1,978,577 # WGL Holdings, Inc.................................. 27,188 1,536,122 # Wisconsin Energy Corp.............................. 18,000 1,003,860 Xcel Energy, Inc................................... 44,884 1,684,497 1402 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) # York Water Co...................... 5,802 $ 137,333 -------------- Total Utilities.......................... 108,949,377 -------------- TOTAL COMMON STOCKS...................... 5,057,666,291 -------------- RIGHTS/WARRANTS -- (0.0%) o* Community Health Systems, Inc. Rights 01/04/16.................. 137,366 3,709 o#* Empire Resorts, Inc. Rights 02/02/2015....................... 159 -- o* Furiex Pharmaceuticals Contingent Value Rights..................... 5,764 56,314 o* Leap Wireless International, Inc. Contingent Value Rights.......... 42,008 105,860 o* LGL Group, Inc. (The) Warrants 08/06/18......................... 6,045 49 o#* Magnum Hunter Resources Corp. Warrants 04/15/16................ 9,520 -- o* Providence Service Corp. (The) Rights 02/05/2015................ 658 -- o* Safeway Casa Ley Contingent Value Rights........................... 95,306 96,726 o* Safeway PDC, LLC Contingent Value Rights........................... 95,306 4,651 o* Sears Holdings Corporation Rights.. 1 -- o* Southern Community Financial Corp. Contingent Value Rights.......... 4,210 3,897 -------------- TOTAL RIGHTS/WARRANTS.................... 271,206 -------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional Liquid Reserves, 0.089%................. 19,586,031 19,586,031 -------------- SECURITIES LENDING COLLATERAL -- (9.6%) (S)@ DFA Short Term Investment Fund..... 46,389,644 536,728,178 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,692,279,422)^^............... $5,614,251,706 ============== 1403 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary... $ 792,056,140 -- -- $ 792,056,140 Consumer Staples......... 316,360,206 -- -- 316,360,206 Energy................... 464,079,205 -- -- 464,079,205 Financials............... 843,272,371 $ 284 -- 843,272,655 Health Care.............. 575,659,303 -- -- 575,659,303 Industrials.............. 741,937,746 -- -- 741,937,746 Information Technology... 817,806,415 -- -- 817,806,415 Materials................ 257,405,780 -- -- 257,405,780 Other.................... -- -- -- -- Real Estate Investment Trusts................. 1,834,083 -- -- 1,834,083 Telecommunication Services............... 138,305,381 -- -- 138,305,381 Utilities................ 108,949,377 -- -- 108,949,377 Rights/Warrants............. -- 271,206 -- 271,206 Temporary Cash Investments.. 19,586,031 -- -- 19,586,031 Securities Lending Collateral................ -- 536,728,178 -- 536,728,178 -------------- ------------ -- -------------- TOTAL....................... $5,077,252,038 $536,999,668 -- $5,614,251,706 ============== ============ == ============== 1404 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ------------ COMMON STOCKS -- (99.2%) AUSTRALIA -- (6.3%) Adelaide Brighton, Ltd............................. 28,536 $ 79,083 * Alumina, Ltd....................................... 1,472,416 2,203,931 * Alumina, Ltd. Sponsored ADR........................ 39,590 235,560 AMP, Ltd........................................... 100,582 448,557 Asciano, Ltd....................................... 1,426,870 6,643,139 ASX, Ltd........................................... 14,805 437,572 Aurizon Holdings, Ltd.............................. 56,399 215,665 Bank of Queensland, Ltd............................ 224,669 2,176,330 Bendigo and Adelaide Bank, Ltd..................... 326,386 3,380,065 BHP Billiton, Ltd.................................. 250,537 5,778,568 # BHP Billiton, Ltd. Sponsored ADR................... 341,974 15,843,655 * BlueScope Steel, Ltd............................... 363,944 1,409,919 Boral, Ltd......................................... 596,037 2,579,728 Caltex Australia, Ltd.............................. 110,645 2,863,520 Downer EDI, Ltd.................................... 138,773 450,585 Echo Entertainment Group, Ltd...................... 370,129 1,156,495 Fairfax Media, Ltd................................. 52,779 36,714 Fortescue Metals Group, Ltd........................ 631,268 1,144,673 GrainCorp, Ltd. Class A............................ 143,408 989,883 Harvey Norman Holdings, Ltd........................ 349,578 1,067,709 Incitec Pivot, Ltd................................. 1,450,062 4,044,401 Leighton Holdings, Ltd............................. 14,190 225,812 Lend Lease Group................................... 310,226 3,998,699 Macquarie Group, Ltd............................... 389,534 18,847,122 Metcash, Ltd....................................... 57,781 65,228 National Australia Bank, Ltd....................... 627,187 17,296,828 New Hope Corp., Ltd................................ 87,426 159,288 * Newcrest Mining, Ltd............................... 519,725 5,611,710 Orica, Ltd......................................... 62,540 877,862 Origin Energy, Ltd................................. 535,088 4,415,449 Primary Health Care, Ltd........................... 282,772 1,012,754 * Qantas Airways, Ltd................................ 930,840 1,875,709 QBE Insurance Group, Ltd........................... 646,204 5,297,499 Rio Tinto, Ltd..................................... 174,365 7,775,298 Santos, Ltd........................................ 1,249,463 7,606,758 Seven Group Holdings, Ltd.......................... 80,087 317,433 Sims Metal Management, Ltd......................... 83,499 702,479 Sims Metal Management, Ltd. Sponsored ADR.......... 7,228 60,455 Sonic Healthcare, Ltd.............................. 25,899 378,103 Suncorp Group, Ltd................................. 980,042 11,166,387 Tabcorp Holdings, Ltd.............................. 611,585 2,161,674 Tatts Group, Ltd................................... 1,379,465 4,128,338 Toll Holdings, Ltd................................. 754,060 3,605,926 Treasury Wine Estates, Ltd......................... 395,229 1,502,593 Wesfarmers, Ltd.................................... 689,550 23,291,526 Woodside Petroleum, Ltd............................ 403,136 10,706,881 WorleyParsons, Ltd................................. 9,676 71,990 ------------ TOTAL AUSTRALIA........................................ 186,345,553 ------------ AUSTRIA -- (0.1%) Erste Group Bank AG................................ 108,153 2,341,424 1405 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRIA -- (Continued) OMV AG............................................. 31,375 $ 780,009 # Raiffeisen Bank International AG................... 38,849 453,954 ----------- TOTAL AUSTRIA.......................................... 3,575,387 ----------- BELGIUM -- (1.6%) Ageas.............................................. 227,139 7,778,108 Colruyt SA......................................... 19,751 910,979 Delhaize Group SA.................................. 99,532 8,279,709 Delhaize Group SA Sponsored ADR.................... 42,400 877,256 * KBC Groep NV....................................... 199,328 10,720,862 # Solvay SA.......................................... 69,836 9,547,735 UCB SA............................................. 86,038 6,688,486 Umicore SA......................................... 59,209 2,479,733 ----------- TOTAL BELGIUM.......................................... 47,282,868 ----------- CANADA -- (7.6%) Agnico Eagle Mines, Ltd.(008474108)................ 199,794 6,737,054 Agnico Eagle Mines, Ltd.(2009823).................. 4,351 146,693 Agrium, Inc........................................ 63,645 6,787,739 Bank of Montreal................................... 86,613 4,978,515 Barrick Gold Corp.................................. 585,540 7,483,201 #* BlackBerry, Ltd.(09228F103)........................ 71,901 729,795 * BlackBerry, Ltd.(BCBHZ31).......................... 88,181 895,897 Bonavista Energy Corp.............................. 76,384 360,671 Cameco Corp.(13321L108)............................ 159,207 2,232,082 Cameco Corp.(2166160).............................. 55,352 778,857 Canadian Natural Resources, Ltd.(136385101)........ 510,531 14,774,767 Canadian Natural Resources, Ltd.(2171573).......... 440,539 12,772,060 Canadian Oil Sands, Ltd............................ 71,355 440,810 Canadian Tire Corp., Ltd. Class A.................. 93,646 8,636,480 * Catamaran Corp..................................... 34,632 1,728,483 Cenovus Energy, Inc................................ 181,954 3,437,111 Crescent Point Energy Corp.(B67C8W8)............... 187,128 4,447,364 Crescent Point Energy Corp.(22576C101)............. 5,581 132,493 Eldorado Gold Corp.(2307873)....................... 220,811 1,060,004 # Eldorado Gold Corp.(284902103)..................... 122,985 587,868 Empire Co., Ltd.................................... 23,296 1,695,821 Encana Corp........................................ 521,545 6,383,711 Enerplus Corp.(292766102).......................... 76,246 747,211 # Enerplus Corp.(B584T89)............................ 91,995 892,656 Ensign Energy Services, Inc........................ 70,294 487,361 Fairfax Financial Holdings, Ltd.................... 17,984 9,553,160 First Quantum Minerals, Ltd........................ 596,236 5,438,239 # Genworth MI Canada, Inc............................ 38,419 956,015 George Weston, Ltd................................. 22,934 1,817,827 Goldcorp, Inc...................................... 128,811 3,111,049 Husky Energy, Inc.................................. 284,928 6,132,668 Industrial Alliance Insurance & Financial Services, Inc.................................... 88,388 2,814,337 * Kinross Gold Corp.................................. 897,937 3,045,651 Loblaw Cos., Ltd................................... 13,000 645,857 * Lundin Mining Corp................................. 248,939 885,500 Magna International, Inc........................... 35,399 3,401,168 1406 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ CANADA -- (Continued) Manulife Financial Corp............................ 1,149,080 $ 18,429,409 Maple Leaf Foods, Inc.............................. 24,272 389,284 * MEG Energy Corp.................................... 36,322 553,963 Osisko Gold Royalties, Ltd......................... 5,990 80,561 Pacific Rubiales Energy Corp....................... 227,364 527,838 Pan American Silver Corp........................... 39,975 468,111 Pengrowth Energy Corp.............................. 329,709 882,199 # Penn West Petroleum, Ltd........................... 284,034 429,169 Precision Drilling Corp.(B5YPLH9).................. 44,073 225,099 Precision Drilling Corp.(74022D308)................ 111,193 567,084 Sun Life Financial, Inc............................ 250,463 7,659,552 Suncor Energy, Inc.(867224107)..................... 191,393 5,705,425 Suncor Energy, Inc.(B3NB1P2)....................... 1,078,999 32,182,311 Talisman Energy, Inc.(87425E103)................... 449,451 3,379,872 Talisman Energy, Inc.(2068299)..................... 794,446 5,989,449 Teck Resources, Ltd. Class B....................... 164,569 2,130,448 Thomson Reuters Corp............................... 271,347 10,412,276 TMX Group, Ltd..................................... 3,200 118,536 TransAlta Corp..................................... 181,755 1,590,553 * Turquoise Hill Resources, Ltd.(900435108).......... 62,800 180,864 * Turquoise Hill Resources, Ltd.(B7WJ1F5)............ 173,372 503,457 West Fraser Timber Co., Ltd........................ 31,173 1,790,356 Whitecap Resources, Inc............................ 78,012 761,886 WSP Global, Inc.................................... 26,658 721,048 Yamana Gold, Inc................................... 329,378 1,363,445 ------------ TOTAL CANADA........................................... 224,198,370 ------------ DENMARK -- (1.2%) AP Moeller - Maersk A.S. Class A................... 1,760 3,444,121 AP Moeller - Maersk A.S. Class B................... 5,120 10,346,235 Carlsberg A.S. Class B............................. 89,501 6,572,106 Danske Bank A.S.................................... 215,056 5,566,159 # FLSmidth & Co. A.S................................. 4,302 181,760 H Lundbeck A.S..................................... 17,769 360,881 * Jyske Bank A.S..................................... 9,243 418,368 Rockwool International A.S. Class B................ 2,810 300,057 TDC A.S............................................ 875,646 6,480,476 * Vestas Wind Systems A.S............................ 44,032 1,710,802 ------------ TOTAL DENMARK.......................................... 35,380,965 ------------ FINLAND -- (0.9%) Fortum Oyj......................................... 528,812 11,279,954 Kesko Oyj Class B.................................. 32,608 1,191,574 Neste Oil Oyj...................................... 72,753 2,023,145 Stora Enso Oyj Class R............................. 573,012 5,559,606 UPM-Kymmene Oyj.................................... 370,894 6,519,343 ------------ TOTAL FINLAND.......................................... 26,573,622 ------------ FRANCE -- (8.6%) AXA SA............................................. 949,984 22,221,970 AXA SA Sponsored ADR............................... 394,508 9,282,773 BNP Paribas SA..................................... 298,627 15,679,516 1407 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FRANCE -- (Continued) * Bollore SA(BQR9N80)................................ 2,800 $ 11,707 Bollore SA(4572709)................................ 603,400 2,596,962 Bouygues SA........................................ 226,647 8,076,574 Casino Guichard Perrachon SA....................... 64,289 5,832,452 #* CGG SA Sponsored ADR............................... 27,619 154,943 Cie de Saint-Gobain................................ 507,632 21,625,468 Cie Generale des Etablissements Michelin........... 74,433 7,248,431 CNP Assurances..................................... 122,740 2,154,759 Credit Agricole SA................................. 349,445 4,144,300 Eiffage SA......................................... 16,826 819,219 Electricite de France SA........................... 188,405 5,107,463 GDF Suez........................................... 1,112,207 24,666,945 Lafarge SA......................................... 161,090 11,037,188 Lagardere SCA...................................... 29,519 807,375 Natixis SA......................................... 644,051 4,096,150 Orange SA.......................................... 1,431,646 25,187,050 * Peugeot SA......................................... 415,960 5,995,818 Renault SA......................................... 255,508 19,527,547 Rexel SA........................................... 159,690 2,983,602 SCOR SE............................................ 64,433 2,005,794 Societe Generale SA................................ 377,759 15,169,407 STMicroelectronics NV.............................. 664,188 5,514,994 Total SA........................................... 213,423 10,955,123 Vallourec SA....................................... 68,967 1,496,376 Vivendi SA......................................... 811,528 19,190,520 ------------ TOTAL FRANCE........................................... 253,590,426 ------------ GERMANY -- (7.9%) Allianz SE......................................... 217,369 35,842,262 Allianz SE ADR..................................... 716,588 11,823,702 Bayerische Motoren Werke AG........................ 246,260 28,637,721 Celesio AG......................................... 36,473 1,080,450 * Commerzbank AG..................................... 513,849 6,160,687 Daimler AG......................................... 735,745 66,632,585 Deutsche Bank AG(5750355).......................... 181,726 5,275,076 Deutsche Bank AG(D18190898)........................ 189,437 5,489,884 Deutsche Lufthansa AG.............................. 210,964 3,568,235 E.ON SE............................................ 656,196 10,157,870 Fraport AG Frankfurt Airport Services Worldwide.... 21,020 1,284,377 Hannover Rueck SE.................................. 12,733 1,141,225 HeidelbergCement AG................................ 116,818 8,590,695 K+S AG............................................. 142,209 4,489,993 * Metro AG........................................... 100,772 3,100,903 Muenchener Rueckversicherungs-Gesellschaft AG...... 112,068 22,467,573 * Osram Licht AG..................................... 12,362 568,259 RWE AG............................................. 368,902 10,233,123 * Talanx AG.......................................... 6,056 184,443 Telefonica Deutschland Holding AG.................. 134,089 743,896 Volkswagen AG...................................... 20,821 4,622,803 1408 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) Wacker Chemie AG................................... 4,761 $ 509,779 ------------ TOTAL GERMANY.......................................... 232,605,541 ------------ HONG KONG -- (3.2%) Cathay Pacific Airways, Ltd........................ 1,226,000 2,850,922 Cheung Kong Holdings, Ltd.......................... 296,000 5,648,502 * FIH Mobile, Ltd.................................... 777,000 345,647 Guoco Group, Ltd................................... 6,000 70,781 Hang Lung Group, Ltd............................... 201,000 958,514 Hang Lung Properties, Ltd.......................... 285,000 834,323 Henderson Land Development Co., Ltd................ 416,821 2,984,849 Hongkong & Shanghai Hotels (The)................... 413,918 592,165 Hopewell Holdings, Ltd............................. 421,331 1,578,986 Hutchison Whampoa, Ltd............................. 1,722,000 22,789,231 Kerry Logistics Network, Ltd....................... 140,250 213,915 Kerry Properties, Ltd.............................. 524,000 1,861,691 MTR Corp., Ltd..................................... 365,407 1,618,764 New World Development Co., Ltd..................... 7,080,916 8,460,442 NWS Holdings, Ltd.................................. 252,618 467,542 Orient Overseas International, Ltd................. 229,048 1,492,701 Shangri-La Asia, Ltd............................... 872,000 1,129,719 Sino Land Co., Ltd................................. 1,285,241 2,155,922 Sun Hung Kai Properties, Ltd....................... 1,018,434 16,546,087 Swire Pacific, Ltd. Class A........................ 354,500 4,747,313 Swire Pacific, Ltd. Class B........................ 27,500 67,181 # Tsim Sha Tsui Properties, Ltd...................... 259,630 662,407 Wharf Holdings, Ltd. (The)......................... 1,130,000 9,190,711 Wheelock & Co., Ltd................................ 1,122,000 6,362,472 Yue Yuen Industrial Holdings, Ltd.................. 40,500 152,009 ------------ TOTAL HONG KONG........................................ 93,782,796 ------------ IRELAND -- (0.1%) * Bank of Ireland.................................... 8,703,886 2,619,597 #* Bank of Ireland Sponsored ADR...................... 36,719 442,831 CRH P.L.C. Sponsored ADR........................... 25,104 606,010 ------------ TOTAL IRELAND.......................................... 3,668,438 ------------ ISRAEL -- (0.3%) Azrieli Group...................................... 444 15,317 Bank Hapoalim BM................................... 927,212 4,118,724 * Bank Leumi Le-Israel BM............................ 999,702 3,332,907 Elbit Systems, Ltd................................. 908 56,105 * Israel Discount Bank, Ltd. Class A................. 522,880 816,944 * Mizrahi Tefahot Bank, Ltd.......................... 29,680 323,888 NICE Systems, Ltd. Sponsored ADR................... 2,302 112,683 Teva Pharmaceutical Industries, Ltd. Sponsored ADR............................................. 29,587 1,682,317 ------------ TOTAL ISRAEL........................................... 10,458,885 ------------ ITALY -- (1.6%) * Banca Monte dei Paschi di Siena SpA................ 349,891 158,185 * Banco Popolare SC.................................. 225,148 2,841,324 Eni SpA............................................ 170,711 2,872,823 1409 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) Intesa Sanpaolo SpA................................ 3,543,009 $10,360,678 Mediobanca SpA..................................... 312,659 2,708,318 * Telecom Italia SpA................................. 5,900,709 6,856,425 * Telecom Italia SpA Sponsored ADR................... 192,351 2,212,036 UniCredit SpA...................................... 2,272,448 13,396,665 Unione di Banche Italiane SCPA..................... 1,053,933 7,249,270 ----------- TOTAL ITALY............................................ 48,655,724 ----------- JAPAN -- (21.7%) 77 Bank, Ltd. (The)................................ 247,000 1,366,022 Aeon Co., Ltd...................................... 890,100 9,401,354 Aisin Seiki Co., Ltd............................... 150,300 5,250,822 Alfresa Holdings Corp.............................. 118,300 1,402,545 Amada Co., Ltd..................................... 248,000 2,260,279 Aoyama Trading Co., Ltd............................ 22,400 752,849 Asahi Glass Co., Ltd............................... 925,000 4,920,985 Asahi Kasei Corp................................... 1,646,000 16,255,993 Asatsu-DK, Inc..................................... 5,000 125,077 Autobacs Seven Co., Ltd............................ 34,800 509,493 Azbil Corp......................................... 2,900 72,056 Bank of Kyoto, Ltd. (The).......................... 170,000 1,425,227 Bank of Yokohama, Ltd. (The)....................... 939,000 5,066,715 Brother Industries, Ltd............................ 66,300 1,135,441 Canon Marketing Japan, Inc......................... 39,500 717,757 Chiba Bank, Ltd. (The)............................. 463,000 3,120,236 Chugoku Bank, Ltd. (The)........................... 112,200 1,596,021 Citizen Holdings Co., Ltd.......................... 180,100 1,437,580 Coca-Cola East Japan Co., Ltd...................... 18,900 314,684 Coca-Cola West Co., Ltd............................ 42,400 606,458 COMSYS Holdings Corp............................... 30,000 408,128 Cosmo Oil Co., Ltd................................. 356,000 479,989 Dai Nippon Printing Co., Ltd....................... 391,000 3,516,419 Dai-ichi Life Insurance Co., Ltd. (The)............ 425,100 5,695,323 Daicel Corp........................................ 255,000 3,170,449 Daido Steel Co., Ltd............................... 209,000 818,630 Daihatsu Motor Co., Ltd............................ 95,500 1,331,697 Daiichi Sankyo Co., Ltd............................ 175,200 2,541,689 Denki Kagaku Kogyo K.K............................. 302,000 1,189,915 DIC Corp........................................... 132,000 326,806 Ebara Corp......................................... 190,000 730,818 Fuji Media Holdings, Inc........................... 34,200 429,908 FUJIFILM Holdings Corp............................. 231,300 7,817,405 Fukuoka Financial Group, Inc....................... 394,000 1,966,362 Fukuyama Transporting Co., Ltd..................... 34,000 190,112 Furukawa Electric Co., Ltd......................... 263,000 437,497 Glory, Ltd......................................... 42,500 1,113,776 Gunma Bank, Ltd. (The)............................. 208,000 1,367,605 H2O Retailing Corp................................. 46,400 819,573 Hachijuni Bank, Ltd. (The)......................... 259,000 1,706,804 Hakuhodo DY Holdings, Inc.......................... 25,600 254,452 Hankyu Hanshin Holdings, Inc....................... 710,000 3,946,488 Higo Bank, Ltd. (The).............................. 104,000 563,950 Hiroshima Bank, Ltd. (The)......................... 238,000 1,183,856 1410 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Hitachi Capital Corp............................... 19,200 $ 377,486 Hitachi Chemical Co., Ltd.......................... 71,600 1,440,460 Hitachi Construction Machinery Co., Ltd............ 116,500 2,153,802 Hitachi High-Technologies Corp..................... 31,535 979,632 Hitachi Transport System, Ltd...................... 24,285 317,707 Hokuhoku Financial Group, Inc...................... 791,000 1,629,981 Honda Motor Co., Ltd............................... 756,800 22,836,251 House Foods Group, Inc............................. 38,100 762,243 Ibiden Co., Ltd.................................... 144,200 2,167,809 Idemitsu Kosan Co., Ltd............................ 105,800 1,766,002 Iida Group Holdings Co., Ltd....................... 33,700 419,148 Isetan Mitsukoshi Holdings, Ltd.................... 140,855 1,997,223 ITOCHU Corp........................................ 1,199,100 12,141,431 Iyo Bank, Ltd. (The)............................... 161,000 1,857,801 J Front Retailing Co., Ltd......................... 232,500 2,962,800 JFE Holdings, Inc.................................. 395,200 8,705,211 Joyo Bank, Ltd. (The).............................. 398,000 2,000,429 JSR Corp........................................... 18,400 324,315 JTEKT Corp......................................... 53,900 888,927 JX Holdings, Inc................................... 2,090,486 7,714,376 K's Holdings Corp.................................. 12,000 352,438 Kagoshima Bank, Ltd. (The)......................... 137,000 857,254 Kajima Corp........................................ 608,000 2,405,565 Kamigumi Co., Ltd.................................. 160,000 1,598,887 Kaneka Corp........................................ 280,000 1,709,005 Kawasaki Kisen Kaisha, Ltd......................... 1,099,000 3,145,849 Keiyo Bank, Ltd. (The)............................. 96,000 523,755 Kewpie Corp........................................ 23,300 540,983 Kinden Corp........................................ 7,000 82,917 Kirin Holdings Co., Ltd............................ 65,800 885,945 Kobe Steel, Ltd.................................... 3,940,000 6,910,006 Konica Minolta, Inc................................ 612,400 6,739,100 Kuraray Co., Ltd................................... 369,700 4,642,279 Kurita Water Industries, Ltd....................... 11,000 234,338 Kyocera Corp....................................... 121,000 5,325,774 Kyocera Corp. Sponsored ADR........................ 3,558 155,556 Kyowa Hakko Kirin Co., Ltd......................... 149,000 1,696,738 Lintec Corp........................................ 8,500 187,045 LIXIL Group Corp................................... 117,440 2,288,207 Maeda Road Construction Co., Ltd................... 23,000 362,955 Marubeni Corp...................................... 1,145,300 6,321,752 Marui Group Co., Ltd............................... 129,600 1,347,139 Matsumotokiyoshi Holdings Co., Ltd................. 900 29,660 Medipal Holdings Corp.............................. 107,800 1,257,734 MEIJI Holdings Co., Ltd............................ 3,400 373,580 Mitsubishi Chemical Holdings Corp.................. 1,991,500 10,321,607 Mitsubishi Corp.................................... 389,500 6,794,905 Mitsubishi Gas Chemical Co., Inc................... 246,000 1,112,252 Mitsubishi Logistics Corp.......................... 49,000 728,734 Mitsubishi Materials Corp.......................... 1,534,000 4,837,257 Mitsubishi Tanabe Pharma Corp...................... 130,800 2,067,822 Mitsubishi UFJ Financial Group, Inc................ 7,211,034 38,321,348 Mitsubishi UFJ Financial Group, Inc. ADR........... 1,691,580 8,965,374 1411 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) Mitsui & Co., Ltd.................................. 871,300 $11,087,074 Mitsui & Co., Ltd. Sponsored ADR................... 4,829 1,226,566 Mitsui Chemicals, Inc.............................. 916,000 2,680,188 Mitsui Engineering & Shipbuilding Co., Ltd......... 25,000 40,645 Mitsui Mining & Smelting Co., Ltd.................. 231,000 482,368 Mitsui OSK Lines, Ltd.............................. 1,091,000 3,683,171 Mizuho Financial Group, Inc........................ 17,014,000 27,819,895 MS&AD Insurance Group Holdings..................... 187,991 4,570,850 Nagase & Co., Ltd.................................. 88,700 1,102,690 Nanto Bank, Ltd. (The)............................. 58,000 194,441 NEC Corp........................................... 3,146,000 8,886,360 NH Foods, Ltd...................................... 45,397 1,122,310 NHK Spring Co., Ltd................................ 110,000 992,180 Nikon Corp......................................... 157,200 1,994,601 Nippo Corp......................................... 51,000 793,023 Nippon Electric Glass Co., Ltd..................... 161,000 830,926 Nippon Express Co., Ltd............................ 870,000 5,075,410 Nippon Paper Industries Co., Ltd................... 114,700 1,808,713 Nippon Shokubai Co., Ltd........................... 86,000 1,155,195 Nippon Steel & Sumitomo Metal Corp................. 6,147,000 14,367,340 Nippon Yusen K.K................................... 2,155,000 6,407,051 Nishi-Nippon City Bank, Ltd. (The)................. 368,000 1,195,027 Nissan Motor Co., Ltd.............................. 1,904,600 16,240,938 Nisshin Seifun Group, Inc.......................... 122,230 1,503,275 Nisshin Steel Co., Ltd............................. 28,800 298,119 Nisshinbo Holdings, Inc............................ 107,000 1,202,379 NOK Corp........................................... 76,600 2,203,427 Nomura Holdings, Inc............................... 113,300 602,376 Nomura Real Estate Holdings, Inc................... 6,300 106,009 NTN Corp........................................... 508,000 2,174,097 NTT DOCOMO, Inc.................................... 1,212,400 20,466,893 NTT DOCOMO, Inc. Sponsored ADR..................... 5,206 87,877 Obayashi Corp...................................... 433,000 2,740,988 Oji Holdings Corp.................................. 1,074,000 4,048,403 Onward Holdings Co., Ltd........................... 30,000 193,466 Otsuka Holdings Co., Ltd........................... 72,600 2,246,176 Rengo Co., Ltd..................................... 14,000 58,822 Resona Holdings, Inc............................... 1,053,200 5,225,146 Ricoh Co., Ltd..................................... 1,023,200 9,981,698 Sankyo Co., Ltd.................................... 19,300 693,643 SBI Holdings, Inc.................................. 136,800 1,461,787 Sega Sammy Holdings, Inc........................... 25,000 325,555 Seino Holdings Co., Ltd............................ 82,000 892,268 Sekisui Chemical Co., Ltd.......................... 209,000 2,285,781 Sekisui House, Ltd................................. 543,600 7,029,575 Shiga Bank, Ltd. (The)............................. 195,000 1,087,719 Shimizu Corp....................................... 185,000 1,276,434 Shinsei Bank, Ltd.................................. 436,000 790,260 Shizuoka Bank, Ltd. (The).......................... 303,000 2,768,728 Showa Denko K.K.................................... 1,686,000 2,154,836 Showa Shell Sekiyu K.K............................. 131,500 1,283,381 SKY Perfect JSAT Holdings, Inc..................... 130,400 789,686 Sojitz Corp........................................ 547,200 707,313 1412 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ JAPAN -- (Continued) Sompo Japan Nipponkoa Holdings, Inc................ 149,500 $ 4,148,177 Sony Corp.......................................... 139,100 3,271,782 Sony Corp. Sponsored ADR........................... 547,509 12,751,485 Sumitomo Bakelite Co., Ltd......................... 52,000 215,225 Sumitomo Chemical Co., Ltd......................... 2,166,000 8,521,695 Sumitomo Corp...................................... 326,000 3,217,083 Sumitomo Dainippon Pharma Co., Ltd................. 26,100 274,367 Sumitomo Electric Industries, Ltd.................. 708,900 9,134,659 Sumitomo Forestry Co., Ltd......................... 147,900 1,375,615 Sumitomo Heavy Industries, Ltd..................... 466,000 2,521,715 Sumitomo Metal Mining Co., Ltd..................... 462,000 6,602,939 Sumitomo Mitsui Financial Group, Inc............... 935,627 31,396,679 Sumitomo Mitsui Trust Holdings, Inc................ 1,714,000 6,027,325 Sumitomo Osaka Cement Co., Ltd..................... 133,000 386,744 Sumitomo Rubber Industries, Ltd.................... 115,300 1,792,970 Suzuken Co., Ltd................................... 37,000 1,042,380 Suzuki Motor Corp.................................. 263,900 8,344,560 T&D Holdings, Inc.................................. 599,000 6,745,691 Takashimaya Co., Ltd............................... 218,000 1,912,097 # Takata Corp........................................ 21,700 253,092 TDK Corp........................................... 170,900 10,650,764 Teijin, Ltd........................................ 1,217,000 3,625,254 Toho Holdings Co., Ltd............................. 11,500 160,173 Tokai Rika Co., Ltd................................ 45,200 930,759 Tokio Marine Holdings, Inc......................... 115,600 4,035,849 Toppan Printing Co., Ltd........................... 261,000 1,743,496 Toshiba TEC Corp................................... 44,000 271,425 Tosoh Corp......................................... 524,000 2,824,809 Toyo Seikan Group Holdings, Ltd.................... 66,700 855,769 Toyobo Co., Ltd.................................... 129,000 173,497 Toyoda Gosei Co., Ltd.............................. 64,100 1,412,091 Toyota Boshoku Corp................................ 24,600 324,743 Toyota Tsusho Corp................................. 278,500 6,595,585 Ube Industries, Ltd................................ 962,000 1,440,745 Universal Entertainment Corp....................... 500 8,454 UNY Group Holdings Co., Ltd........................ 58,500 336,584 Ushio, Inc......................................... 44,600 516,697 Wacoal Holdings Corp............................... 46,000 455,947 Yamada Denki Co., Ltd.............................. 442,100 1,642,460 Yamaguchi Financial Group, Inc..................... 115,000 1,196,456 Yamaha Corp........................................ 111,400 1,622,305 Yamato Kogyo Co., Ltd.............................. 24,400 627,956 Yamazaki Baking Co., Ltd........................... 93,000 1,369,241 Yokohama Rubber Co., Ltd. (The).................... 107,000 1,006,652 ------------ TOTAL JAPAN............................................ 640,519,109 ------------ NETHERLANDS -- (2.7%) Aegon NV........................................... 974,189 6,942,913 Akzo Nobel NV...................................... 61,480 4,429,093 ArcelorMittal(B03XPL1)............................. 1,173,996 11,215,995 # ArcelorMittal(B295F26)............................. 202,952 1,956,457 Boskalis Westminster NV............................ 38,931 1,721,082 Delta Lloyd NV..................................... 41,695 787,772 1413 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NETHERLANDS -- (Continued) * ING Groep NV....................................... 1,669,297 $20,753,370 * ING Groep NV Sponsored ADR......................... 207,810 2,585,156 Koninklijke Ahold NV............................... 249,009 4,494,238 Koninklijke DSM NV................................. 212,025 11,245,972 Koninklijke KPN NV................................. 621,739 1,918,923 Koninklijke Philips NV............................. 444,696 12,262,431 ----------- TOTAL NETHERLANDS...................................... 80,313,402 ----------- NEW ZEALAND -- (0.1%) Auckland International Airport, Ltd................ 179,042 579,068 Contact Energy, Ltd................................ 338,902 1,739,306 Fletcher Building, Ltd............................. 91,591 556,394 ----------- TOTAL NEW ZEALAND...................................... 2,874,768 ----------- NORWAY -- (0.8%) Aker ASA Class A................................... 12,658 270,356 DNB ASA............................................ 552,211 8,000,766 Norsk Hydro ASA.................................... 399,775 2,349,373 Orkla ASA.......................................... 17,239 127,049 Petroleum Geo-Services ASA......................... 13,824 75,165 # Seadrill, Ltd...................................... 87,129 935,765 SpareBank 1 SR Bank ASA............................ 8,247 51,787 Statoil ASA........................................ 189,489 3,173,236 Statoil ASA Sponsored ADR.......................... 140,599 2,362,063 Stolt-Nielsen, Ltd................................. 2,191 34,594 * Storebrand ASA..................................... 156,456 472,964 Subsea 7 SA........................................ 177,450 1,509,483 Wilh Wilhelmsen Holding ASA Class A................ 99 1,920 Yara International ASA............................. 71,785 3,737,295 ----------- TOTAL NORWAY........................................... 23,101,816 ----------- PORTUGAL -- (0.0%) * Banco Comercial Portugues SA....................... 556,334 39,180 * Banco Espirito Santo SA............................ 865,680 -- EDP Renovaveis SA.................................. 166,881 1,115,522 ----------- TOTAL PORTUGAL......................................... 1,154,702 ----------- SINGAPORE -- (1.3%) CapitaLand, Ltd.................................... 1,097,000 2,815,529 City Developments, Ltd............................. 206,000 1,526,866 DBS Group Holdings, Ltd............................ 570,305 8,314,829 Golden Agri-Resources, Ltd......................... 5,519,000 1,712,012 Hutchison Port Holdings Trust...................... 3,838,000 2,736,716 Keppel Land, Ltd................................... 545,000 1,827,637 #* Neptune Orient Lines, Ltd.......................... 271,000 201,990 Noble Group, Ltd................................... 5,214,000 4,078,625 Olam International, Ltd............................ 165,000 240,221 OUE, Ltd........................................... 235,000 381,644 Singapore Airlines, Ltd............................ 784,400 7,326,705 # United Industrial Corp., Ltd....................... 432,050 1,124,983 UOL Group, Ltd..................................... 195,707 1,041,526 Venture Corp., Ltd................................. 167,000 1,002,837 1414 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SINGAPORE -- (Continued) Wilmar International, Ltd.......................... 1,432,000 $ 3,398,409 ------------ TOTAL SINGAPORE........................................ 37,730,529 ------------ SPAIN -- (2.6%) * Acciona SA......................................... 41,333 2,954,644 Banco de Sabadell SA............................... 5,034,248 12,721,972 * Banco Popular...................................... 4,551 19,305 Banco Popular Espanol SA........................... 1,074,334 4,541,161 Banco Santander SA................................. 1,084,874 7,296,937 Banco Santander SA Sponsored ADR................... 1,963 13,132 CaixaBank SA....................................... 875,015 3,811,339 Iberdrola SA....................................... 4,520,169 31,200,119 Mapfre SA.......................................... 549,871 1,851,062 Repsol SA.......................................... 682,983 12,098,883 ------------ TOTAL SPAIN............................................ 76,508,554 ------------ SWEDEN -- (3.5%) Boliden AB......................................... 296,336 4,629,281 Holmen AB Class B.................................. 593 21,396 ICA Gruppen AB..................................... 24,222 930,644 Meda AB Class A.................................... 112,336 1,582,148 Nordea Bank AB..................................... 1,805,203 22,918,429 Skandinaviska Enskilda Banken AB Class A........... 1,056,705 12,724,414 Skandinaviska Enskilda Banken AB Class C........... 6,988 86,925 * SSAB AB Class A.................................... 114,594 556,513 * SSAB AB Class B.................................... 39,135 168,422 Svenska Cellulosa AB Class A....................... 9,172 221,449 Svenska Cellulosa AB Class B....................... 638,814 15,398,044 Svenska Handelsbanken AB Class A................... 94,590 4,479,210 Swedbank AB Class A................................ 295,724 7,153,813 Tele2 AB Class B................................... 231,281 2,616,428 Telefonaktiebolaget LM Ericsson Class B............ 1,816,273 22,020,957 Telefonaktiebolaget LM Ericsson Sponsored ADR...... 135,337 1,641,638 TeliaSonera AB..................................... 973,638 5,999,324 ------------ TOTAL SWEDEN........................................... 103,149,035 ------------ SWITZERLAND -- (10.5%) ABB, Ltd........................................... 1,070,830 20,588,001 Adecco SA.......................................... 206,856 15,452,872 Aryzta AG.......................................... 93,253 6,991,120 Baloise Holding AG................................. 37,774 4,916,936 Banque Cantonale Vaudoise.......................... 100 58,346 Cie Financiere Richemont SA........................ 122,966 10,215,781 Clariant AG........................................ 305,906 4,914,768 Credit Suisse Group AG............................. 343,268 7,227,797 Credit Suisse Group AG Sponsored ADR............... 74,509 1,567,669 * Dufry AG........................................... 4,495 660,326 Galenica AG........................................ 421 338,303 Givaudan SA........................................ 1,610 2,934,748 Helvetia Holding AG................................ 500 255,046 Holcim, Ltd........................................ 209,825 14,669,469 Julius Baer Group, Ltd............................. 78,421 3,190,490 1415 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SWITZERLAND -- (Continued) Lonza Group AG..................................... 44,582 $ 5,280,123 Novartis AG........................................ 811,428 79,075,865 Novartis AG ADR.................................... 189,650 18,471,910 Sulzer AG.......................................... 14,697 1,556,122 Swatch Group AG (The)(7184736)..................... 7,617 559,942 Swatch Group AG (The)(7184725)..................... 9,414 3,744,080 Swiss Life Holding AG.............................. 28,651 6,393,570 Swiss Re AG........................................ 349,006 31,482,922 Syngenta AG........................................ 28,933 9,424,454 UBS Group AG(BRJL176).............................. 1,230,114 20,618,007 * UBS Group AG(H42097107)............................ 174,186 2,905,423 Zurich Insurance Group AG.......................... 108,603 36,010,386 ------------ TOTAL SWITZERLAND...................................... 309,504,476 ------------ UNITED KINGDOM -- (16.6%) Anglo American P.L.C............................... 1,350,033 22,550,433 Barclays P.L.C..................................... 4,884,441 17,154,289 Barclays P.L.C. Sponsored ADR...................... 1,386,592 19,467,752 Barratt Developments P.L.C......................... 172,399 1,186,705 BP P.L.C. Sponsored ADR............................ 2,548,388 98,953,905 Carnival P.L.C..................................... 103,130 4,617,247 Carnival P.L.C. ADR................................ 91,252 4,066,189 Friends Life Group, Ltd............................ 946,610 5,660,610 Glencore P.L.C..................................... 4,461,427 16,634,792 HSBC Holdings P.L.C................................ 1,363,744 12,477,174 HSBC Holdings P.L.C. Sponsored ADR................. 1,006,416 46,013,339 Investec P.L.C..................................... 278,720 2,341,871 J Sainsbury P.L.C.................................. 1,269,656 4,865,335 Kingfisher P.L.C................................... 2,590,186 13,324,339 * Lloyds Banking Group P.L.C......................... 20,203,383 22,381,588 * Lloyds Banking Group P.L.C. ADR.................... 172,033 755,225 Old Mutual P.L.C................................... 3,367,105 10,504,928 Pearson P.L.C. Sponsored ADR....................... 137,656 2,788,911 * Royal Bank of Scotland Group P.L.C................. 159,299 864,947 * Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 330,719 3,591,608 Royal Dutch Shell P.L.C.(B03MM73).................. 943,951 60,403,424 Royal Dutch Shell P.L.C.(B03MLX2).................. 13,348 406,788 Royal Dutch Shell P.L.C. ADR....................... 417,249 25,639,951 * RSA Insurance Group P.L.C.......................... 144,778 987,936 Standard Chartered P.L.C........................... 841,083 11,215,747 Vedanta Resources P.L.C............................ 53,978 301,629 Vodafone Group P.L.C............................... 15,615,688 54,912,219 Vodafone Group P.L.C. Sponsored ADR................ 531,426 18,668,983 1416 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- UNITED KINGDOM -- (Continued) WM Morrison Supermarkets P.L.C.................. 2,815,023 $ 7,595,277 -------------- TOTAL UNITED KINGDOM.................................. 490,333,141 -------------- TOTAL COMMON STOCKS................................... 2,931,308,107 -------------- PREFERRED STOCKS -- (0.1%) GERMANY -- (0.1%) Porsche Automobil Holding SE.................... 46,252 3,876,043 -------------- RIGHTS/WARRANTS -- (0.0%) FRANCE -- (0.0%) * Peugeot SA Warrants 04/29/17.................... 6,213 15,846 -------------- SPAIN -- (0.0%) * Banco Santander SA.............................. 1,084,873 166,079 -------------- TOTAL RIGHTS/WARRANTS................................. 181,925 -------------- SECURITIES LENDING COLLATERAL -- (0.7%) (S)@ DFA Short Term Investment Fund.................. 1,717,971 19,876,930 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,849,633,594)^^............................ $2,955,243,005 ============== 1417 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia................ $ 16,139,670 $ 170,205,883 -- $ 186,345,553 Austria.................. -- 3,575,387 -- 3,575,387 Belgium.................. 877,256 46,405,612 -- 47,282,868 Canada................... 224,198,370 -- -- 224,198,370 Denmark.................. -- 35,380,965 -- 35,380,965 Finland.................. -- 26,573,622 -- 26,573,622 France................... 9,449,423 244,141,003 -- 253,590,426 Germany.................. 17,313,586 215,291,955 -- 232,605,541 Hong Kong................ -- 93,782,796 -- 93,782,796 Ireland.................. 1,048,841 2,619,597 -- 3,668,438 Israel................... 1,851,105 8,607,780 -- 10,458,885 Italy.................... 2,212,036 46,443,688 -- 48,655,724 Japan.................... 23,186,858 617,332,251 -- 640,519,109 Netherlands.............. 4,541,613 75,771,789 -- 80,313,402 New Zealand.............. -- 2,874,768 -- 2,874,768 Norway................... 3,297,828 19,803,988 -- 23,101,816 Portugal................. -- 1,154,702 -- 1,154,702 Singapore................ -- 37,730,529 -- 37,730,529 Spain.................... 13,132 76,495,422 -- 76,508,554 Sweden................... 1,641,638 101,507,397 -- 103,149,035 Switzerland.............. 43,563,009 265,941,467 -- 309,504,476 United Kingdom........... 280,349,287 209,983,854 -- 490,333,141 Preferred Stocks Germany.................. -- 3,876,043 -- 3,876,043 Rights/Warrants France................... -- 15,846 -- 15,846 Spain.................... -- 166,079 -- 166,079 Securities Lending Collateral................ -- 19,876,930 -- 19,876,930 ------------ -------------- -- -------------- TOTAL....................... $629,683,652 $2,325,559,353 -- $2,955,243,005 ============ ============== == ============== 1418 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (97.0%) AUSTRALIA -- (4.7%) Acrux, Ltd......................................... 8,981 $ 10,625 Adelaide Brighton, Ltd............................. 105,089 291,237 AGL Energy, Ltd.................................... 33,912 374,887 Ainsworth Game Technology, Ltd..................... 15,938 36,310 * AJ Lucas Group, Ltd................................ 8,887 2,518 ALS, Ltd........................................... 66,041 249,365 Altium, Ltd........................................ 20,906 48,654 * Alumina, Ltd....................................... 582,511 871,910 * Alumina, Ltd. Sponsored ADR........................ 14,400 85,680 Amalgamated Holdings, Ltd.......................... 22,951 209,617 Amcom Telecommunications, Ltd...................... 43,503 96,374 Amcor, Ltd......................................... 147,315 1,455,947 AMP, Ltd........................................... 635,522 2,834,183 Ansell, Ltd........................................ 26,096 458,055 * Antares Energy, Ltd................................ 56,793 7,786 AP Eagers, Ltd..................................... 15,769 75,866 APA Group.......................................... 140,833 887,778 * APN News & Media, Ltd.............................. 164,116 103,242 * Aquarius Platinum, Ltd............................. 124,230 26,635 ARB Corp., Ltd..................................... 11,535 103,375 Aristocrat Leisure, Ltd............................ 82,577 447,349 Arrium, Ltd........................................ 983,356 155,188 Asciano, Ltd....................................... 206,634 962,035 * ASG Group, Ltd..................................... 36,938 18,918 ASX, Ltd........................................... 22,485 664,559 Atlas Iron, Ltd.................................... 9,006 1,177 Aurizon Holdings, Ltd.............................. 95,310 364,457 Ausdrill, Ltd...................................... 76,045 22,066 * Ausenco, Ltd....................................... 31,177 10,016 AusNet Services.................................... 185,305 201,138 * Austal, Ltd........................................ 32,722 39,294 Austin Engineering, Ltd............................ 9,103 4,898 Australia & New Zealand Banking Group, Ltd......... 185,705 4,740,577 * Australian Agricultural Co., Ltd................... 106,299 131,994 Australian Pharmaceutical Industries, Ltd.......... 99,134 70,075 Automotive Holdings Group, Ltd..................... 69,348 202,808 AVJennings, Ltd.................................... 8,932 3,942 * AWE, Ltd........................................... 171,641 178,207 Bank of Queensland, Ltd............................ 92,999 900,866 BC Iron, Ltd....................................... 11,218 3,990 Beach Energy, Ltd.................................. 460,492 342,830 * Beadell Resources, Ltd............................. 101,834 23,465 Bega Cheese, Ltd................................... 15,864 62,783 Bendigo and Adelaide Bank, Ltd..................... 115,220 1,193,222 BHP Billiton, Ltd.................................. 238,039 5,490,305 # BHP Billiton, Ltd. Sponsored ADR................... 44,166 2,046,211 * Billabong International, Ltd....................... 109,846 54,763 Blackmores, Ltd.................................... 1,636 51,357 * BlueScope Steel, Ltd............................... 140,180 543,058 Boral, Ltd......................................... 206,774 894,946 Bradken, Ltd....................................... 54,874 115,733 1419 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- AUSTRALIA -- (Continued) Brambles, Ltd...................................... 75,149 $ 615,664 Breville Group, Ltd................................ 19,698 110,494 Brickworks, Ltd.................................... 7,161 67,505 BT Investment Management, Ltd...................... 7,986 44,651 * Buru Energy, Ltd................................... 2,744 794 Cabcharge Australia, Ltd........................... 32,566 109,533 Caltex Australia, Ltd.............................. 27,789 719,186 Cardno, Ltd........................................ 42,320 96,654 * Carnarvon Petroleum, Ltd........................... 111,869 12,156 carsales.com, Ltd.................................. 43,518 346,526 Cash Converters International, Ltd................. 96,321 82,743 Cedar Woods Properties, Ltd........................ 7,144 32,249 Challenger, Ltd.................................... 79,524 386,886 * Coal of Africa, Ltd................................ 52,185 1,425 Coca-Cola Amatil, Ltd.............................. 57,291 430,018 Cochlear, Ltd...................................... 6,817 438,152 * Cockatoo Coal, Ltd................................. 311,976 3,400 * Coffey International, Ltd.......................... 48,876 10,055 Commonwealth Bank of Australia..................... 56,425 3,901,509 Computershare, Ltd................................. 58,836 528,640 Corporate Travel Management, Ltd................... 8,432 63,825 Credit Corp. Group, Ltd............................ 3,280 29,801 Crown Resorts, Ltd................................. 23,568 247,634 CSG, Ltd........................................... 16,337 15,221 CSL, Ltd........................................... 29,062 1,977,771 CSR, Ltd........................................... 99,806 308,297 Data#3, Ltd........................................ 8,941 4,545 Decmil Group, Ltd.................................. 35,216 34,170 Domino's Pizza Enterprises, Ltd.................... 8,750 176,897 Downer EDI, Ltd.................................... 148,160 481,064 * Drillsearch Energy, Ltd............................ 138,058 83,198 DuluxGroup, Ltd.................................... 80,610 373,398 DWS, Ltd........................................... 11,284 9,473 Echo Entertainment Group, Ltd...................... 150,711 470,907 * Emeco Holdings, Ltd................................ 196,879 18,373 * Energy Resources of Australia, Ltd................. 55,774 56,622 * Energy World Corp., Ltd............................ 154,243 35,148 Equity Trustees, Ltd............................... 574 8,909 ERM Power, Ltd..................................... 13,582 22,922 Euroz, Ltd......................................... 3,934 3,240 # Evolution Mining, Ltd.............................. 52,070 37,467 Fairfax Media, Ltd................................. 712,959 495,953 Fleetwood Corp., Ltd............................... 11,993 13,617 Flight Centre Travel Group, Ltd.................... 9,755 284,760 * Focus Minerals, Ltd................................ 1,002,633 7,863 Fortescue Metals Group, Ltd........................ 146,026 264,788 G8 Education, Ltd.................................. 8,477 27,510 Goodman Fielder, Ltd............................... 479,218 237,847 GrainCorp, Ltd. Class A............................ 23,646 163,218 Grange Resources, Ltd.............................. 167,580 13,009 Greencross, Ltd.................................... 1,944 13,397 GUD Holdings, Ltd.................................. 28,776 175,016 * Gunns, Ltd......................................... 133,137 -- 1420 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) GWA Group, Ltd..................................... 79,730 $ 163,270 Hansen Technologies, Ltd........................... 19,738 26,595 Harvey Norman Holdings, Ltd........................ 157,169 480,038 * Helloworld, Ltd.................................... 25,000 5,104 HFA Holdings, Ltd.................................. 13,456 16,201 Hills, Ltd......................................... 49,659 41,671 * Horizon Oil, Ltd................................... 251,263 24,395 * Icon Energy, Ltd................................... 52,698 3,576 iiNET, Ltd......................................... 27,956 162,250 Iluka Resources, Ltd............................... 70,662 383,740 * Imdex, Ltd......................................... 46,977 10,783 Incitec Pivot, Ltd................................. 413,388 1,152,990 Independence Group NL.............................. 79,758 307,101 * Infigen Energy..................................... 86,150 16,688 Infomedia, Ltd..................................... 91,828 65,365 Insurance Australia Group, Ltd..................... 419,282 2,077,014 Invocare, Ltd...................................... 21,457 216,543 IOOF Holdings, Ltd................................. 42,129 307,415 Iress, Ltd......................................... 19,250 154,002 James Hardie Industries P.L.C.(B3LCV80)............ 1,236 62,505 James Hardie Industries P.L.C.(B60QWJ2)............ 43,395 435,113 JB Hi-Fi, Ltd...................................... 20,325 263,465 #* Kingsgate Consolidated, Ltd........................ 46,498 28,597 * Kingsrose Mining, Ltd.............................. 26,359 5,172 Leighton Holdings, Ltd............................. 17,576 279,695 Lend Lease Group................................... 82,920 1,068,808 * Lonestar Resources, Ltd............................ 48,892 7,223 M2 Group, Ltd...................................... 25,214 175,627 * Macmahon Holdings, Ltd............................. 196,207 8,660 Macquarie Atlas Roads Group........................ 64,324 146,701 Macquarie Group, Ltd............................... 54,390 2,631,603 Magellan Financial Group, Ltd...................... 17,875 263,323 MaxiTRANS Industries, Ltd.......................... 33,340 13,239 * Mayne Pharma Group, Ltd............................ 56,599 27,435 McMillan Shakespeare, Ltd.......................... 8,291 73,673 McPherson's, Ltd................................... 5,740 5,302 Melbourne IT, Ltd.................................. 27,781 29,645 * Mesoblast, Ltd..................................... 7,732 24,018 Metcash, Ltd....................................... 288,894 326,127 Mincor Resources NL................................ 43,402 24,311 * Mineral Deposits, Ltd.............................. 31,741 21,213 Mineral Resources, Ltd............................. 46,993 243,420 MMA Offshore, Ltd.................................. 55,476 34,286 Monadelphous Group, Ltd............................ 16,714 105,284 Mortgage Choice, Ltd............................... 11,330 21,166 Mount Gibson Iron, Ltd............................. 171,910 28,312 # Myer Holdings, Ltd................................. 209,443 252,281 National Australia Bank, Ltd....................... 168,696 4,652,370 Navitas, Ltd....................................... 31,859 131,639 New Hope Corp., Ltd................................ 32,366 58,970 * Newcrest Mining, Ltd............................... 88,170 952,012 * Nexus Energy, Ltd.................................. 252,869 -- NIB Holdings, Ltd.................................. 74,922 192,368 1421 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Northern Star Resources, Ltd....................... 135,385 $ 195,871 NRW Holdings, Ltd.................................. 64,898 14,297 Nufarm, Ltd........................................ 54,209 238,206 Oil Search, Ltd.................................... 41,647 250,622 Orica, Ltd......................................... 49,420 693,699 Origin Energy, Ltd................................. 166,079 1,370,454 Orora, Ltd......................................... 147,315 242,427 OrotonGroup, Ltd................................... 2,881 6,043 OZ Minerals, Ltd................................... 73,355 219,117 Pacific Brands, Ltd................................ 322,529 122,346 * Paladin Energy, Ltd................................ 506,123 147,994 PanAust, Ltd....................................... 115,489 107,808 Panoramic Resources, Ltd........................... 75,563 26,444 Patties Foods, Ltd................................. 1,438 1,542 Peet, Ltd.......................................... 33,433 26,940 Perpetual, Ltd..................................... 6,681 253,487 Platinum Asset Management, Ltd..................... 25,432 170,932 * PMP, Ltd........................................... 73,062 22,917 Premier Investments, Ltd........................... 29,481 234,251 Primary Health Care, Ltd........................... 143,737 514,797 * Prime AET&D Holdings No.1, Ltd..................... 4 -- Prime Media Group, Ltd............................. 58,679 36,717 Programmed Maintenance Services, Ltd............... 42,831 72,144 * Qantas Airways, Ltd................................ 356,412 718,196 QBE Insurance Group, Ltd........................... 118,944 975,088 Qube Holdings, Ltd................................. 60,756 110,111 Ramsay Health Care, Ltd............................ 8,906 409,843 RCG Corp., Ltd..................................... 4,861 2,755 RCR Tomlinson, Ltd................................. 48,729 77,742 REA Group, Ltd..................................... 4,246 162,418 Recall Holdings, Ltd............................... 5,744 31,815 Reckon, Ltd........................................ 7,215 10,711 * Red Fork Energy, Ltd............................... 36,248 169 * Redflex Holdings, Ltd.............................. 4,333 3,030 Reece Australia, Ltd............................... 591 14,829 #* Regis Resources, Ltd............................... 35,116 52,863 Reject Shop, Ltd. (The)............................ 7,028 31,752 * Resolute Mining, Ltd............................... 154,687 46,419 Retail Food Group, Ltd............................. 35,238 168,379 Ridley Corp., Ltd.................................. 50,890 35,979 Rio Tinto, Ltd..................................... 48,436 2,159,862 Ruralco Holdings, Ltd.............................. 2,394 6,773 SAI Global, Ltd.................................... 83,862 254,873 Salmat, Ltd........................................ 11,000 13,723 * Samson Oil & Gas, Ltd. Sponsored ADR............... 12,700 2,038 Sandfire Resources NL.............................. 36,295 119,737 Santos, Ltd........................................ 130,744 795,972 * Saracen Mineral Holdings, Ltd...................... 276,863 80,446 Sedgman, Ltd....................................... 11,987 4,859 Seek, Ltd.......................................... 20,696 284,828 Select Harvests, Ltd............................... 14,269 73,262 * Senex Energy, Ltd.................................. 190,124 40,590 Servcorp, Ltd...................................... 9,992 39,435 1422 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Seven Group Holdings, Ltd.......................... 24,235 $ 96,058 Sigma Pharmaceuticals, Ltd......................... 417,406 259,025 * Silex Systems, Ltd................................. 6,346 2,598 Silver Chef, Ltd................................... 6,143 31,143 Sims Metal Management, Ltd......................... 60,174 506,245 Sirtex Medical, Ltd................................ 10,141 211,439 Skilled Group, Ltd................................. 61,142 61,776 Slater & Gordon, Ltd............................... 14,366 73,728 SMS Management & Technology, Ltd................... 19,539 54,635 Sonic Healthcare, Ltd.............................. 39,531 577,118 Southern Cross Media Group, Ltd.................... 155,588 126,591 Spark Infrastructure Group......................... 278,048 460,422 Specialty Fashion Group, Ltd....................... 8,094 4,650 STW Communications Group, Ltd...................... 129,223 91,908 Suncorp Group, Ltd................................. 179,348 2,043,452 * Sundance Energy Australia, Ltd..................... 23,220 8,360 Sunland Group, Ltd................................. 21,844 28,908 Super Retail Group, Ltd............................ 26,235 177,061 Sydney Airport..................................... 73,615 284,464 Tabcorp Holdings, Ltd.............................. 262,060 926,263 * Tap Oil, Ltd....................................... 49,618 14,477 Tassal Group, Ltd.................................. 33,598 98,127 Tatts Group, Ltd................................... 376,898 1,127,946 Technology One, Ltd................................ 52,967 136,042 Telstra Corp., Ltd................................. 114,821 579,155 Telstra Corp., Ltd. ADR............................ 600 15,162 * Ten Network Holdings, Ltd.......................... 615,560 95,065 TFS Corp., Ltd..................................... 45,428 51,756 Thorn Group, Ltd................................... 5,639 12,522 * Tiger Resources, Ltd............................... 140,253 5,287 Toll Holdings, Ltd................................. 236,823 1,132,491 Tox Free Solutions, Ltd............................ 36,265 81,925 TPG Telecom, Ltd................................... 80,192 414,758 * Transfield Services, Ltd........................... 110,789 121,308 Transpacific Industries Group, Ltd................. 276,410 176,828 Transurban Group................................... 91,172 652,026 Treasury Wine Estates, Ltd......................... 199,071 756,834 UGL, Ltd........................................... 51,363 71,309 UXC, Ltd........................................... 56,149 32,453 Villa World, Ltd................................... 8,253 13,449 Village Roadshow, Ltd.............................. 16,637 78,482 * Virgin Australia Holdings, Ltd..................... 255,702 93,288 * Virgin Australia Holdings, Ltd. (ACI01NXR8)........ 312,963 -- Vision Eye Institute, Ltd.......................... 15,998 8,910 Vocus Communications, Ltd.......................... 9,622 46,309 Washington H Soul Pattinson & Co., Ltd............. 9,507 95,770 Watpac, Ltd........................................ 32,558 20,457 Webjet, Ltd........................................ 13,416 30,370 Wesfarmers, Ltd.................................... 67,639 2,284,686 Western Areas, Ltd................................. 52,802 163,576 Westpac Banking Corp............................... 123,428 3,298,742 * Whitehaven Coal, Ltd............................... 70,241 67,064 Wide Bay Australia, Ltd............................ 1,410 6,308 1423 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRALIA -- (Continued) Woodside Petroleum, Ltd........................ 121,426 $ 3,224,951 Woolworths, Ltd................................ 63,180 1,554,779 WorleyParsons, Ltd............................. 24,007 178,613 ----------- TOTAL AUSTRALIA.................................... 94,939,296 ----------- AUSTRIA -- (0.3%) * A-TEC Industries AG............................ 3,557 -- Agrana Beteiligungs AG......................... 753 59,535 AMAG Austria Metall AG......................... 875 27,394 Andritz AG..................................... 7,313 395,863 Atrium European Real Estate, Ltd............... 24,278 113,131 Austria Technologie & Systemtechnik AG......... 4,702 60,975 BUWOG AG....................................... 4,739 92,557 CA Immobilien Anlagen AG....................... 5,017 101,612 Conwert Immobilien Invest SE................... 12,451 144,876 DO & CO AG..................................... 615 46,243 Erste Group Bank AG............................ 30,864 668,181 EVN AG......................................... 7,362 81,410 Flughafen Wien AG.............................. 569 49,453 * IMMOFINANZ AG.................................. 51,917 118,636 * Kapsch TrafficCom AG........................... 655 15,043 Lenzing AG..................................... 2,775 179,975 Mayr Melnhof Karton AG......................... 2,507 258,749 Oesterreichische Post AG....................... 7,933 393,229 OMV AG......................................... 28,697 713,432 Palfinger AG................................... 1,737 45,535 POLYTEC Holding AG............................. 1,501 11,523 # Raiffeisen Bank International AG............... 16,030 187,312 RHI AG......................................... 4,339 113,815 Rosenbauer International AG.................... 591 44,909 S IMMO AG...................................... 10,244 79,290 Schoeller-Bleckmann Oilfield Equipment AG...... 2,344 138,649 Semperit AG Holding............................ 2,929 129,340 Strabag SE..................................... 5,087 112,724 UNIQA Insurance Group AG....................... 10,626 89,940 Verbund AG..................................... 9,582 167,710 Vienna Insurance Group AG Wiener Versicherung Gruppe....................................... 6,529 277,110 Voestalpine AG................................. 22,396 797,578 Wienerberger AG................................ 38,228 540,175 Zumtobel Group AG.............................. 4,824 110,689 ----------- TOTAL AUSTRIA...................................... 6,366,593 ----------- BELGIUM -- (1.1%) * Ablynx NV...................................... 6,382 75,266 Ackermans & van Haaren NV...................... 5,789 688,035 Ageas.......................................... 52,812 1,808,478 * AGFA-Gevaert NV................................ 72,890 170,258 Anheuser-Busch InBev NV........................ 21,489 2,620,929 Anheuser-Busch InBev NV Sponsored ADR.......... 13,736 1,676,753 Atenor Group................................... 67 3,102 Banque Nationale de Belgique................... 55 216,951 Barco NV....................................... 4,742 305,195 1424 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- BELGIUM -- (Continued) Belgacom SA........................................ 50,144 $ 1,867,574 Cie d'Entreprises CFE.............................. 2,443 232,622 Cie Maritime Belge SA.............................. 3,221 50,428 Colruyt SA......................................... 17,861 823,806 D'ieteren SA....................................... 6,011 194,096 Deceuninck NV...................................... 18,601 38,473 Delhaize Group SA.................................. 16,449 1,368,333 Delhaize Group SA Sponsored ADR.................... 44,956 930,140 Econocom Group..................................... 9,791 80,167 Elia System Operator SA............................ 6,629 291,134 * Euronav NV......................................... 14,426 169,138 EVS Broadcast Equipment SA......................... 1,521 51,294 Exmar NV........................................... 12,238 107,815 # Fagron............................................. 5,029 205,325 * Ion Beam Applications.............................. 6,562 128,741 Jensen-Group NV.................................... 324 6,486 * KBC Groep NV....................................... 28,808 1,549,439 Kinepolis Group NV................................. 7,850 344,631 Lotus Bakeries..................................... 44 52,804 Melexis NV......................................... 4,562 228,347 * Mobistar SA........................................ 11,800 262,223 NV Bekaert SA...................................... 9,897 298,700 * Nyrstar NV......................................... 71,109 267,340 * RealDolmen NV/SA................................... 455 9,492 Recticel SA........................................ 9,963 57,538 Resilux............................................ 440 63,707 * Roularta Media Group NV............................ 1,508 18,359 Sioen Industries NV................................ 4,172 60,270 Sipef SA........................................... 565 33,051 Solvay SA.......................................... 13,730 1,877,118 * Telenet Group Holding NV........................... 6,624 368,377 * Tessenderlo Chemie NV.............................. 15,206 393,570 * ThromboGenics NV................................... 3,244 25,425 UCB SA............................................. 13,981 1,086,865 Umicore SA......................................... 26,166 1,095,859 Van de Velde NV.................................... 2,357 128,212 * Viohalco SA........................................ 20,959 52,791 ----------- TOTAL BELGIUM.......................................... 22,384,657 ----------- BRAZIL -- (1.4%) * Abril Educacao SA.................................. 12,447 44,975 AES Tiete SA....................................... 14,900 75,838 Aliansce Shopping Centers SA....................... 19,156 114,562 ALL - America Latina Logistica SA.................. 86,800 125,145 Alupar Investimento SA............................. 7,100 50,384 AMBEV SA........................................... 24,800 163,175 AMBEV SA ADR....................................... 99,305 653,427 Arezzo Industria e Comercio SA..................... 10,050 87,864 * B2W Cia Digital.................................... 17,326 148,005 * Banco ABC Brasil SA................................ 537 2,271 Banco Alfa de Investimento SA...................... 14,300 31,496 Banco Bradesco SA.................................. 61,312 767,439 Banco do Brasil SA................................. 86,501 666,709 1425 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- BRAZIL -- (Continued) BB Seguridade Participacoes SA.......................... 7,300 $ 79,742 Bematech SA............................................. 15,700 60,364 * BHG SA - Brazil Hospitality Group....................... 10,000 64,429 BM&FBovespa SA.......................................... 484,673 1,640,625 BR Malls Participacoes SA............................... 93,100 530,028 Brasil Brokers Participacoes SA......................... 23,200 23,286 Brasil Insurance Participacoes e Administracao SA....... 10,700 8,029 Braskem SA Sponsored ADR................................ 23,556 221,897 BRF SA.................................................. 9,416 224,869 BRF SA ADR.............................................. 12,343 292,776 CCR SA.................................................. 57,962 330,566 Centrais Eletricas Brasileiras SA....................... 42,400 81,364 CETIP SA - Mercados Organizados......................... 30,894 397,109 Cia Brasileira de Distribuicao ADR...................... 7,747 254,179 Cia de Saneamento Basico do Estado de Sao Paulo......... 23,700 118,115 Cia de Saneamento Basico do Estado de Sao Paulo ADR..... 25,800 125,388 Cia de Saneamento de Minas Gerais-COPASA................ 13,200 83,459 Cia Energetica de Minas Gerais.......................... 7,639 35,879 Cia Energetica de Minas Gerais Sponsored ADR............ 14,963 67,485 Cia Hering.............................................. 69,099 468,428 Cia Paranaense de Energia............................... 5,900 47,660 # Cia Paranaense de Energia Sponsored ADR................. 7,845 91,002 * Cia Providencia Industria e Comercio SA................. 1,300 3,939 # Cia Siderurgica Nacional SA Sponsored ADR............... 208,426 312,639 Cielo SA................................................ 20,686 308,162 Contax Participacoes SA................................. 6,800 26,906 * Cosan Logistica SA...................................... 29,400 24,085 Cosan SA Industria e Comercio........................... 29,400 269,867 CPFL Energia SA......................................... 27,700 174,671 Cyrela Brazil Realty SA Empreendimentos e Participacoes...................................... 56,400 227,105 Cyrela Commercial Properties SA Empreendimentos e Participacoes......................................... 300 1,215 Direcional Engenharia SA................................ 19,404 47,005 Duratex SA.............................................. 92,506 255,769 EcoRodovias Infraestrutura e Logistica SA............... 35,820 138,163 EDP - Energias do Brasil SA............................. 51,600 165,878 Embraer SA.............................................. 44,200 392,496 Embraer SA ADR.......................................... 30,346 1,070,000 Equatorial Energia SA................................... 34,232 317,794 Estacio Participacoes SA................................ 40,752 253,765 Eternit SA.............................................. 53,144 61,304 Even Construtora e Incorporadora SA..................... 73,300 118,699 Ez Tec Empreendimentos e Participacoes SA............... 17,400 106,503 * Fertilizantes Heringer SA............................... 3,800 5,382 * Fibria Celulose SA...................................... 25,683 311,259 * Fibria Celulose SA Sponsored ADR........................ 45,289 549,355 Fleury SA............................................... 17,200 88,642 Gafisa SA............................................... 114,900 80,797 Gafisa SA ADR........................................... 54,377 77,759 * General Shopping Brasil SA.............................. 6,700 14,850 Gerdau SA............................................... 19,500 54,023 Gerdau SA Sponsored ADR................................. 220,728 761,512 Grendene SA............................................. 20,200 104,481 Guararapes Confeccoes SA................................ 3,100 90,633 1426 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- BRAZIL -- (Continued) Helbor Empreendimentos SA................................. 52,475 $ 76,191 * Hypermarcas SA............................................ 79,798 542,693 Iguatemi Empresa de Shopping Centers SA................... 17,900 162,023 International Meal Co. Holdings SA........................ 11,500 32,932 Iochpe-Maxion SA.......................................... 20,600 85,661 Itau Unibanco Holding SA.................................. 27,744 310,688 JBS SA.................................................... 144,133 615,183 JHSF Participacoes SA..................................... 23,200 18,584 JSL SA.................................................... 20,400 82,182 Kepler Weber SA........................................... 4,800 68,190 Klabin SA................................................. 172,955 885,428 Kroton Educacional SA..................................... 198,120 912,156 Light SA.................................................. 14,507 76,653 Linx SA................................................... 1,200 21,053 Localiza Rent a Car SA.................................... 26,971 351,318 * Log-in Logistica Intermodal SA............................ 15,500 19,906 Lojas Americanas SA....................................... 28,578 124,557 Lojas Renner SA........................................... 16,067 423,093 LPS Brasil Consultoria de Imoveis SA...................... 4,600 9,779 M Dias Branco SA.......................................... 6,316 194,464 Magnesita Refratarios SA.................................. 28,938 20,211 Mahle-Metal Leve SA Industria e Comercio.................. 9,900 73,716 * Marfrig Global Foods SA................................... 96,700 181,306 Marisa Lojas SA........................................... 17,600 95,934 Mills Estruturas e Servicos de Engenharia SA.............. 33,057 70,285 * Minerva SA................................................ 35,600 114,817 MRV Engenharia e Participacoes SA......................... 108,337 280,302 Multiplan Empreendimentos Imobiliarios SA................. 9,675 173,074 Multiplus SA.............................................. 11,200 144,845 Natura Cosmeticos SA...................................... 22,996 268,576 Odontoprev SA............................................. 52,600 202,395 * Oi SA..................................................... 5,010 10,074 * Oi SA ADR................................................. 292 598 * Paranapanema SA........................................... 51,280 37,405 Petroleo Brasileiro SA.................................... 53,426 160,117 Petroleo Brasileiro SA ADR................................ 76,941 462,415 Porto Seguro SA........................................... 41,477 418,192 Portobello SA............................................. 9,400 14,016 Profarma Distribuidora de Produtos Farmaceuticos SA....... 2,000 5,155 QGEP Participacoes SA..................................... 36,600 77,724 * Qualicorp SA.............................................. 57,926 574,212 Raia Drogasil SA.......................................... 26,050 249,481 Restoque Comercio e Confeccoes de Roupas SA............... 14,000 38,774 Rodobens Negocios Imobiliarios SA......................... 6,300 23,314 Santos Brasil Participacoes SA............................ 17,850 91,578 Sao Martinho SA........................................... 16,000 203,525 SLC Agricola SA........................................... 19,800 105,692 Sonae Sierra Brasil SA.................................... 5,937 34,643 Souza Cruz SA............................................. 26,100 218,755 * Springs Global Participacoes SA........................... 24,200 8,027 Sul America SA............................................ 71,878 306,517 * T4F Entretenimento SA..................................... 13,800 12,387 Tegma Gestao Logistica.................................... 8,250 42,695 1427 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BRAZIL -- (Continued) Telefonica Brasil SA ADR........................... 12,260 $ 226,074 Tempo Participacoes SA............................. 15,600 19,909 Tim Participacoes SA............................... 12,200 53,641 Tim Participacoes SA ADR........................... 6,220 137,275 Totvs SA........................................... 26,900 336,883 Tractebel Energia SA............................... 13,700 159,304 Transmissora Alianca de Energia Eletrica SA........ 74,133 543,714 Ultrapar Participacoes SA Sponsored ADR............ 28,612 560,223 * Usinas Siderurgicas de Minas Gerais SA............. 18,960 120,210 Vale SA............................................ 29,911 208,826 # Vale SA Sponsored ADR.............................. 78,960 555,089 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.................... 19,812 283,492 * Vanguarda Agro SA.................................. 42,212 15,282 WEG SA............................................. 28,766 343,250 ----------- TOTAL BRAZIL........................................... 27,889,290 ----------- CANADA -- (6.6%) * 5N Plus, Inc....................................... 20,100 36,065 Absolute Software Corp............................. 10,380 71,885 * Advantage Oil & Gas, Ltd........................... 64,563 270,812 Aecon Group, Inc................................... 24,581 189,576 * AEterna Zentaris, Inc.............................. 1 -- AG Growth International, Inc....................... 2,000 85,150 AGF Management, Ltd. Class B....................... 22,706 128,656 Agnico Eagle Mines, Ltd.(2009823).................. 19,775 666,705 Agnico Eagle Mines, Ltd.(008474108)................ 3,806 128,338 Agrium, Inc.(2213538).............................. 10,637 1,134,853 Agrium, Inc.(008916108)............................ 9,921 1,058,075 AGT Food & Ingredient, Inc......................... 5,018 110,770 Aimia, Inc......................................... 19,730 211,631 * Ainsworth Lumber Co, Ltd........................... 14,280 40,906 * Air Canada......................................... 10,733 99,247 AirBoss of America Corp............................ 4,893 53,793 Alacer Gold Corp................................... 77,902 182,693 * Alamos Gold, Inc.(011527108)....................... 30,428 161,268 Alamos Gold, Inc.(2411707)......................... 16,300 86,971 * Alexco Resource Corp............................... 8,500 4,482 Algoma Central Corp................................ 3,600 46,236 Algonquin Power & Utilities Corp................... 46,726 372,131 Alimentation Couche Tard, Inc. Class B............. 32,955 1,291,280 # AltaGas, Ltd....................................... 9,803 331,267 * Alterra Power Corp................................. 20,706 5,133 Altus Group, Ltd................................... 8,555 126,504 * Amaya, Inc......................................... 2,097 54,327 * Amerigo Resources, Ltd............................. 42,500 8,027 Amica Mature Lifestyles, Inc....................... 2,600 15,100 ARC Resources, Ltd................................. 71,326 1,291,019 #* Argonaut Gold, Inc................................. 27,267 53,216 Arsenal Energy, Inc................................ 5,800 17,345 #* Artek Exploration, Ltd............................. 12,339 12,818 Atco, Ltd. Class I................................. 10,200 394,852 * Athabasca Oil Corp................................. 107,590 157,486 1428 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * ATS Automation Tooling Systems, Inc................ 19,657 $ 224,307 AuRico Gold, Inc.(05155C105)....................... 788 3,105 AuRico Gold, Inc.(2287317)......................... 96,235 379,427 AutoCanada, Inc.................................... 4,011 102,208 #* Avigilon Corp...................................... 5,838 88,900 * B2Gold Corp........................................ 183,214 360,459 Badger Daylighting, Ltd............................ 7,590 134,992 # Bank of Montreal(2076009).......................... 43,584 2,501,441 Bank of Montreal(063671101)........................ 800 45,984 Bank of Nova Scotia................................ 46,481 2,233,517 Bank of Nova Scotia (The).......................... 16,411 788,384 * Bankers Petroleum, Ltd............................. 106,109 243,833 Barrick Gold Corp.(067901108)...................... 137,708 1,759,908 Barrick Gold Corp.(2024644)........................ 38,995 498,677 Baytex Energy Corp.(B4VGVM3)....................... 1,522 23,620 Baytex Energy Corp.(07317Q105)..................... 13,489 210,968 BCE, Inc........................................... 23,947 1,099,824 * Bellatrix Exploration, Ltd.(B580BW5)............... 32,652 66,039 * Bellatrix Exploration, Ltd.(078314101)............. 8,926 18,120 * Birchcliff Energy, Ltd............................. 30,086 161,002 Bird Construction, Inc............................. 6,512 56,936 Black Diamond Group, Ltd........................... 10,016 79,690 #* BlackBerry, Ltd.(09228F103)........................ 87,196 885,039 #* BlackBerry, Ltd.(BCBHZ31).......................... 14,669 149,033 * BlackPearl Resources, Inc.......................... 53,132 38,468 Bombardier, Inc. Class A........................... 7,100 16,818 Bombardier, Inc. Class B........................... 89,301 203,803 Bonavista Energy Corp.............................. 60,749 286,845 Bonterra Energy Corp............................... 10,650 333,153 Boralex, Inc. Class A.............................. 7,900 84,614 Brookfield Asset Management, Inc. Class A.......... 14,472 737,438 * Brookfield Residential Properties, Inc............. 5,399 130,224 * BRP, Inc........................................... 3,548 61,148 CAE, Inc.(2162760)................................. 26,952 331,942 CAE, Inc.(124765108)............................... 3,000 37,020 Calfrac Well Services, Ltd......................... 16,320 104,801 Calian Technologies, Ltd........................... 1,800 25,866 Cameco Corp........................................ 44,846 631,027 Canaccord Genuity Group, Inc....................... 32,515 163,254 * Canacol Energy, Ltd................................ 3,874 10,914 Canadian Energy Services & Technology Corp......... 25,217 106,567 Canadian Imperial Bank of Commerce................. 18,470 1,281,722 Canadian National Railway Co.(2180632)............. 13,000 856,504 Canadian National Railway Co.(136375102)........... 4,036 266,295 Canadian Natural Resources, Ltd.(136385101)........ 79,889 2,311,988 Canadian Natural Resources, Ltd.(2171573).......... 41,220 1,195,046 Canadian Oil Sands, Ltd............................ 69,070 426,694 Canadian Pacific Railway, Ltd...................... 9,072 1,581,157 Canadian Tire Corp., Ltd. Class A.................. 11,243 1,036,883 Canadian Utilities, Ltd. Class A................... 18,114 600,569 Canadian Western Bank.............................. 27,547 558,658 Canam Group, Inc. Class A.......................... 13,266 116,405 CanElson Drilling, Inc............................. 27,256 69,282 1429 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Canexus Corp....................................... 57,659 $ 107,541 * Canfor Corp........................................ 19,304 482,334 Canfor Pulp Products, Inc.......................... 15,606 193,432 Canyon Services Group, Inc......................... 13,500 74,900 Capital Power Corp................................. 18,713 372,434 Capstone Infrastructure Corp....................... 29,693 78,748 * Capstone Mining Corp............................... 89,723 81,907 Cascades, Inc...................................... 30,187 186,486 * Catamaran Corp.(B8J4N87)........................... 12,320 615,176 * Catamaran Corp.(B3N9ZT8)........................... 4,106 204,930 Cathedral Energy Services, Ltd..................... 6,216 11,447 CCL Industries, Inc. Class B....................... 5,735 592,817 * Celestica, Inc.(2263362)........................... 29,385 329,301 * Celestica, Inc.(15101Q108)......................... 26,719 298,986 Cenovus Energy, Inc.(B57FG04)...................... 20,055 379,888 Cenovus Energy, Inc.(15135U109).................... 48,181 910,139 Centerra Gold, Inc................................. 53,904 323,246 * Cequence Energy, Ltd............................... 42,205 28,896 Cervus Equipment Corp.............................. 815 12,270 * CGI Group, Inc. Class A............................ 27,460 1,088,070 * China Gold International Resources Corp., Ltd...... 13,753 23,486 CI Financial Corp.................................. 7,852 200,208 Cineplex, Inc...................................... 8,595 305,665 * Claude Resources, Inc.............................. 32,900 10,356 Clearwater Seafoods, Inc........................... 2,100 23,038 Cogeco Cable, Inc.................................. 7,351 422,305 Cogeco, Inc........................................ 1,241 58,109 Colabor Group, Inc................................. 4,766 12,377 COM DEV International, Ltd......................... 25,528 77,546 Computer Modelling Group, Ltd...................... 17,124 147,967 Constellation Software, Inc........................ 2,091 579,382 * Copper Mountain Mining Corp........................ 42,721 33,284 Corby Spirit and Wine, Ltd......................... 1,600 28,205 #* Corridor Resources, Inc............................ 15,700 10,996 Corus Entertainment, Inc. Class B.................. 17,840 302,832 Cott Corp.(22163N106).............................. 8,004 60,830 Cott Corp.(2228952)................................ 26,799 203,729 Crescent Point Energy Corp.(B67C8W8)............... 16,875 401,058 Crescent Point Energy Corp.(22576C101)............. 47,888 1,136,861 * Crew Energy, Inc................................... 37,672 155,052 * DeeThree Exploration, Ltd.......................... 35,493 154,463 * Delphi Energy Corp................................. 36,700 33,792 * Denison Mines Corp................................. 103,818 89,055 * Descartes Systems Group, Inc. (The)................ 9,700 148,168 DH Corp............................................ 16,898 471,952 DHX Media, Ltd..................................... 5,000 33,604 DirectCash Payments, Inc........................... 3,427 48,895 Dollarama, Inc..................................... 13,114 622,830 * Dominion Diamond Corp.(257287102).................. 10,513 174,516 * Dominion Diamond Corp.(B95LX89).................... 20,000 332,258 Dorel Industries, Inc. Class B..................... 9,293 266,277 * DragonWave, Inc.................................... 9,100 7,305 * Dundee Precious Metals, Inc........................ 28,720 80,914 1430 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) E-L Financial Corp., Ltd........................... 184 $ 98,030 Eldorado Gold Corp.(284902103)..................... 22,591 107,985 Eldorado Gold Corp.(2307873)....................... 138,361 664,202 Emera, Inc......................................... 5,459 178,630 Empire Co., Ltd.................................... 7,212 524,994 Enbridge Income Fund Holdings, Inc................. 11,925 386,364 Enbridge, Inc.(2466149)............................ 16,380 793,412 Enbridge, Inc.(29250N105).......................... 4,298 208,152 Encana Corp.(2793193).............................. 46,047 563,131 Encana Corp.(292505104)............................ 75,685 926,384 * Endeavour Mining Corp.............................. 60,694 28,659 * Endeavour Silver Corp.(29258Y103).................. 2,098 5,749 * Endeavour Silver Corp.(2980003).................... 20,340 55,864 EnerCare, Inc...................................... 2,244 25,235 Enerflex, Ltd...................................... 7,684 96,753 Enerplus Corp.(292766102).......................... 24,292 238,062 Enerplus Corp.(B584T89)............................ 25,950 251,801 Enghouse Systems, Ltd.............................. 3,722 118,599 Ensign Energy Services, Inc........................ 33,831 234,557 * Epsilon Energy, Ltd................................ 14,800 46,356 Equitable Group, Inc............................... 3,000 130,794 * Essential Energy Services Trust.................... 38,149 39,329 Evertz Technologies, Ltd........................... 4,665 66,999 * Excellon Resources, Inc............................ 5,700 3,275 Exchange Income Corp............................... 857 14,925 Exco Technologies, Ltd............................. 5,190 54,730 * EXFO, Inc.......................................... 5,100 17,539 Extendicare, Inc................................... 20,535 110,214 Fairfax Financial Holdings, Ltd.................... 2,829 1,502,774 Fiera Capital Corp................................. 2,600 25,372 Finning International, Inc......................... 55,369 912,867 First Capital Realty, Inc.......................... 15,000 230,424 #* First Majestic Silver Corp.(2833583)............... 27,978 172,840 #* First Majestic Silver Corp.(32076V103)............. 9,100 56,329 First National Financial Corp...................... 800 13,977 First Quantum Minerals, Ltd........................ 75,842 691,749 FirstService Corp.(33761N109)...................... 2,860 149,778 FirstService Corp.(2350231)........................ 2,200 115,739 Fortis, Inc........................................ 13,429 442,913 #* Fortress Paper, Ltd. Class A....................... 1,649 2,595 * Fortuna Silver Mines, Inc.......................... 39,240 190,225 Gamehost, Inc...................................... 1,925 19,542 Genesis Land Development Corp...................... 12,700 30,183 Genworth MI Canada, Inc............................ 12,859 319,982 George Weston, Ltd................................. 11,061 876,732 Gibson Energy, Inc................................. 38,959 693,211 Gildan Activewear, Inc............................. 10,848 633,277 Glacier Media, Inc................................. 1,400 1,631 GLENTEL, Inc....................................... 800 15,727 #* GLG Life Tech Corp................................. 2,421 762 Gluskin Sheff + Associates, Inc.................... 5,675 118,261 GMP Capital, Inc................................... 9,669 39,948 Goldcorp, Inc.(380956409).......................... 28,491 684,639 1431 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Goldcorp, Inc.(2676302)............................ 28,111 $ 678,938 #* Golden Star Resources, Ltd......................... 84,300 26,537 * Gran Tierra Energy, Inc.(38500T101)................ 444 950 * Gran Tierra Energy, Inc.(B2PPCS5).................. 77,736 168,233 * Great Canadian Gaming Corp......................... 11,000 170,969 Great-West Lifeco, Inc............................. 14,700 372,619 * Heroux-Devtek, Inc................................. 6,091 54,166 High Liner Foods, Inc.............................. 3,686 65,412 HNZ Group, Inc..................................... 700 11,993 Home Capital Group, Inc............................ 8,200 271,032 Horizon North Logistics, Inc....................... 21,201 36,039 HudBay Minerals, Inc.(B05BQ98)..................... 13,982 99,971 HudBay Minerals, Inc.(B05BDX1)..................... 31,534 229,550 Hudson's Bay Co.................................... 8,446 155,666 Husky Energy, Inc.................................. 47,324 1,018,581 * IAMGOLD Corp.(450913108)........................... 35,221 94,040 * IAMGOLD Corp.(2446646)............................. 99,523 266,293 IGM Financial, Inc................................. 4,783 164,151 * Imax Corp.(2014258)................................ 5,500 183,315 #* Imax Corp.(45245E109).............................. 5,543 184,748 * Imperial Metals Corp............................... 9,500 66,912 Imperial Oil, Ltd.(453038408)...................... 22,073 819,129 Imperial Oil, Ltd.(2454241)........................ 5,500 204,470 * Indigo Books & Music, Inc.......................... 1,800 14,902 Industrial Alliance Insurance & Financial Services, Inc.................................... 25,405 808,913 Innergex Renewable Energy, Inc..................... 23,110 216,787 Intact Financial Corp.............................. 7,700 514,586 Inter Pipeline, Ltd................................ 7,709 200,445 * Interfor Corp...................................... 21,928 383,097 Intertape Polymer Group, Inc....................... 12,470 184,003 * Ithaca Energy, Inc................................. 68,974 65,679 Jean Coutu Group PJC, Inc. (The) Class A........... 14,900 298,891 Just Energy Group, Inc............................. 24,526 124,493 K-Bro Linen, Inc................................... 1,229 46,570 * Katanga Mining, Ltd................................ 78,989 19,270 * Kelt Exploration, Ltd.............................. 5,900 29,252 Keyera Corp........................................ 7,772 458,724 Killam Properties, Inc............................. 12,682 110,881 * Kinross Gold Corp.(496902404)...................... 7,412 25,127 * Kinross Gold Corp.(B03Z841)........................ 252,884 857,740 * Kirkland Lake Gold, Inc............................ 2,333 8,280 * Knight Therapeutics, Inc........................... 983 6,274 * Lake Shore Gold Corp............................... 134,076 120,285 Laurentian Bank of Canada.......................... 12,127 446,734 * Legacy Oil + Gas, Inc.............................. 28,559 34,612 Leisureworld Senior Care Corp...................... 6,709 75,870 Leon's Furniture, Ltd.............................. 4,744 71,494 * Leucrotta Exploration, Inc......................... 18,390 13,749 Lightstream Resources, Ltd......................... 67,634 40,452 Linamar Corp....................................... 14,854 850,887 Liquor Stores N.A., Ltd............................ 8,418 101,490 Loblaw Cos., Ltd................................... 15,350 762,588 Long Run Exploration, Ltd.......................... 54,503 45,466 1432 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Lucara Diamond Corp................................ 42,814 $ 70,756 * Lundin Mining Corp................................. 103,219 367,160 MacDonald Dettwiler & Associates, Ltd.............. 5,145 377,929 Magellan Aerospace Corp............................ 3,500 36,771 Magna International, Inc........................... 25,272 2,428,156 * Mainstreet Equity Corp............................. 1,610 42,889 Major Drilling Group International, Inc............ 29,897 159,990 Mandalay Resources Corp............................ 81,385 59,564 # Manitoba Telecom Services, Inc..................... 11,911 240,432 Manulife Financial Corp.(56501R106)................ 5,703 91,704 Manulife Financial Corp.(2492519).................. 119,013 1,908,779 Maple Leaf Foods, Inc.............................. 29,844 478,650 Martinrea International, Inc....................... 38,841 288,243 McCoy Global, Inc.................................. 700 2,000 Medical Facilities Corp............................ 5,442 83,898 * MEG Energy Corp.................................... 15,994 243,931 * Mercator Minerals, Ltd............................. 15,420 -- Methanex Corp...................................... 18,500 817,628 Metro, Inc......................................... 25,916 2,050,927 * Migao Corp......................................... 14,924 11,510 * Mitel Networks Corp................................ 11,077 98,505 * Mood Media Corp.................................... 8,100 3,506 Morneau Shepell, Inc............................... 8,975 120,919 MTY Food Group, Inc................................ 1,200 32,977 Mullen Group, Ltd.................................. 32,938 528,532 National Bank of Canada............................ 49,891 1,735,800 Nevsun Resources, Ltd.(64156L101).................. 11,137 38,534 Nevsun Resources, Ltd.(2631486).................... 54,402 187,947 New Flyer Industries, Inc.......................... 8,592 92,770 * New Gold, Inc...................................... 116,061 508,743 Newalta Corp....................................... 18,260 190,403 Norbord, Inc....................................... 7,809 173,793 North West Co., Inc. (The)......................... 9,620 201,076 Northland Power, Inc............................... 21,367 287,539 * NuVista Energy, Ltd................................ 35,069 197,051 * OceanaGold Corp.................................... 101,898 224,533 Onex Corp.......................................... 13,600 746,518 Open Text Corp..................................... 9,200 521,722 Osisko Gold Royalties, Ltd......................... 9,698 130,428 * Ovivo, Inc. Class A................................ 6,118 10,014 Pacific Rubiales Energy Corp....................... 84,415 195,973 * Painted Pony Petroleum, Ltd........................ 35,252 190,589 Pan American Silver Corp.(697900108)............... 32,689 381,154 Pan American Silver Corp.(2669272)................. 26,917 315,205 * Paramount Resources, Ltd. Class A.................. 3,700 83,015 * Parex Resources, Inc............................... 37,633 203,758 Parkland Fuel Corp................................. 15,022 258,780 Pason Systems, Inc................................. 14,630 206,204 Pembina Pipeline Corp.............................. 21,075 654,789 Pengrowth Energy Corp.............................. 144,246 385,958 Penn West Petroleum, Ltd.(B63FY34)................. 54,214 81,916 Penn West Petroleum, Ltd.(707887105)............... 26,052 38,817 * Performance Sports Group, Ltd...................... 4,400 81,996 1433 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Perpetual Energy, Inc.............................. 13,463 $ 10,277 Peyto Exploration & Development Corp............... 14,831 374,655 PHX Energy Services Corp........................... 8,919 43,728 Pizza Pizza Royalty Corp........................... 1,000 11,490 * Poseidon Concepts Corp............................. 2,591 1 Potash Corp. of Saskatchewan, Inc.(2696980)........ 10,800 393,175 Potash Corp. of Saskatchewan, Inc.(73755L107)...... 315 11,510 Precision Drilling Corp.(74022D308)................ 24,082 122,818 Precision Drilling Corp.(B5YPLH9).................. 57,500 293,677 Premium Brands Holdings Corp....................... 3,200 61,673 * Primero Mining Corp................................ 57,254 229,789 Progressive Waste Solutions, Ltd.(74339G101)....... 4,548 129,709 Progressive Waste Solutions, Ltd.(B3DJGB7)......... 23,419 668,272 Pulse Seismic, Inc................................. 22,820 54,594 Quebecor, Inc. Class B............................. 18,000 451,169 * Questerre Energy Corp. Class A..................... 32,700 7,591 Reitmans Canada, Ltd............................... 2,400 13,429 * Restaurant Brands International, Inc............... 5,310 205,772 Richelieu Hardware, Ltd............................ 2,868 133,706 * Richmont Mines, Inc................................ 8,700 30,741 Ritchie Bros Auctioneers, Inc.(767744105).......... 2,595 64,875 Ritchie Bros Auctioneers, Inc.(2345390)............ 7,600 190,493 * RMP Energy, Inc.................................... 31,901 108,705 * Rock Energy, Inc................................... 7,532 13,929 Rocky Mountain Dealerships, Inc.................... 3,991 26,069 Rogers Communications, Inc. Class B(775109200)..... 4,474 159,409 Rogers Communications, Inc. Class B(2169051)....... 4,600 163,554 Rogers Sugar, Inc.................................. 21,981 79,053 RONA, Inc.......................................... 43,256 435,385 Royal Bank of Canada............................... 55,774 3,148,837 Russel Metals, Inc................................. 22,075 406,860 * Sandstorm Gold, Ltd................................ 12,245 49,338 * Sandvine Corp...................................... 45,000 114,740 Saputo, Inc........................................ 14,340 412,358 Savanna Energy Services Corp....................... 15,084 26,709 * Scorpio Mining Corp................................ 21,755 3,424 Secure Energy Services, Inc........................ 22,537 261,604 * SEMAFO, Inc........................................ 73,228 256,445 Shaw Communications, Inc. Class B(82028K200)....... 21,978 508,571 Shaw Communications, Inc. Class B(2801836)......... 10,510 242,672 ShawCor, Ltd....................................... 11,698 321,288 Sherritt International Corp........................ 116,603 196,372 * Sierra Wireless, Inc.(2418968)..................... 7,200 260,417 * Sierra Wireless, Inc.(826516106)................... 2,592 93,597 * Silver Standard Resources, Inc.(82823L106)......... 7,287 44,961 * Silver Standard Resources, Inc.(2218458)........... 27,708 170,736 Silver Wheaton Corp.(828336107).................... 2,009 46,147 Silver Wheaton Corp.(B058ZX6)...................... 10,400 238,905 SNC-Lavalin Group, Inc............................. 3,784 125,220 * Solium Capital, Inc................................ 3,571 18,885 # Sprott, Inc........................................ 34,997 77,116 Stantec, Inc....................................... 16,542 406,813 Stella-Jones, Inc.................................. 4,406 125,797 1434 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Strad Energy Services, Ltd......................... 100 $ 257 Stuart Olson, Inc.................................. 1,740 8,818 Student Transportation, Inc........................ 11,697 64,988 Sun Life Financial, Inc............................ 42,457 1,298,402 Suncor Energy, Inc.(B3NB1P2)....................... 108,988 3,250,685 Suncor Energy, Inc.(867224107)..................... 85,563 2,550,633 * SunOpta, Inc.(8676EP108)........................... 9,100 95,186 * SunOpta, Inc.(2817510)............................. 4,800 50,316 Superior Plus Corp................................. 48,729 467,847 Surge Energy, Inc.................................. 52,242 105,660 * TAG Oil, Ltd....................................... 436 494 Talisman Energy, Inc.(87425E103)................... 39,673 298,341 Talisman Energy, Inc.(2068299)..................... 169,465 1,277,622 * Taseko Mines, Ltd.................................. 68,913 49,351 Teck Resources, Ltd. Class A....................... 200 3,005 Teck Resources, Ltd. Class B(2879327).............. 43,200 559,251 Teck Resources, Ltd. Class B(878742204)............ 12,699 163,563 TELUS Corp......................................... 24,664 846,072 * Tembec, Inc........................................ 11,264 24,998 * Teranga Gold Corp.(B5TDK82)........................ 7,980 3,956 * Teranga Gold Corp.(B4L8QT1)........................ 13,832 6,572 * Tethys Petroleum, Ltd.............................. 4,500 637 * Thompson Creek Metals Co., Inc.(884768102)......... 11,912 15,247 * Thompson Creek Metals Co., Inc.(2439806)........... 24,847 30,895 Thomson Reuters Corp............................... 24,281 931,724 * Timmins Gold Corp.................................. 29,347 32,102 TMX Group, Ltd..................................... 1,535 56,860 TORC Oil & Gas, Ltd................................ 24,518 159,181 Toromont Industries, Ltd........................... 13,559 294,719 Toronto-Dominion Bank (The)........................ 92,478 3,682,527 Torstar Corp. Class B.............................. 16,400 88,537 Total Energy Services, Inc......................... 7,247 74,426 * Tourmaline Oil Corp................................ 19,190 527,674 TransAlta Corp.(89346D107)......................... 33,238 290,168 TransAlta Corp.(2901628)........................... 71,959 629,719 TransAlta Renewables, Inc.......................... 1,345 13,485 TransCanada Corp................................... 35,211 1,566,719 Transcontinental, Inc. Class A..................... 23,808 283,478 TransForce, Inc.................................... 26,126 592,960 TransGlobe Energy Corp.(893662106)................. 1,119 3,256 TransGlobe Energy Corp.(2470548)................... 16,078 46,816 Trican Well Service, Ltd........................... 35,598 137,271 Trilogy Energy Corp................................ 7,200 36,830 Trinidad Drilling, Ltd............................. 47,476 159,536 * Turquoise Hill Resources, Ltd.(900435108).......... 52,650 151,632 * Turquoise Hill Resources, Ltd.(B7WJ1F5)............ 51,442 149,383 Twin Butte Energy, Ltd............................. 90,818 51,459 Uni-Select, Inc.................................... 4,757 117,924 * Valeant Pharmaceuticals International, Inc......... 16,415 2,624,566 Valener, Inc....................................... 9,034 120,363 Veresen, Inc....................................... 21,550 274,230 Vermilion Energy, Inc.(923725105).................. 2,616 114,581 Vermilion Energy, Inc.(B607XS1).................... 3,800 167,377 1435 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CANADA -- (Continued) Vicwest, Inc............................... 200 $ 1,969 Wajax Corp................................. 6,684 127,557 * Wesdome Gold Mines, Ltd.................... 7,360 7,530 West Fraser Timber Co., Ltd................ 12,954 743,986 Western Energy Services Corp............... 15,099 62,383 Western Forest Products, Inc............... 101,625 206,337 WesternOne, Inc............................ 5,790 11,984 #* Westport Innovations, Inc.................. 7,700 25,572 Westshore Terminals Investment Corp........ 7,037 177,213 Whistler Blackcomb Holdings, Inc........... 5,503 86,527 Whitecap Resources, Inc.................... 72,132 704,456 Wi-Lan, Inc................................ 30,840 82,761 Winpak, Ltd................................ 6,400 190,383 WSP Global, Inc............................ 15,173 410,401 Yamana Gold, Inc.(2219279)................. 189,143 782,948 Yamana Gold, Inc.(98462Y100)............... 8,700 35,757 Zargon Oil & Gas, Ltd...................... 10,115 31,363 ZCL Composites, Inc........................ 2,700 12,494 ------------ TOTAL CANADA................................... 133,034,215 ------------ CHILE -- (0.3%) AES Gener SA............................... 182,432 95,094 Aguas Andinas SA Class A................... 383,805 221,108 Banco de Chile ADR......................... 2,064 135,678 Banco de Credito e Inversiones............. 4,845 204,172 Banco Santander Chile...................... 1,227,899 58,596 Banco Santander Chile ADR.................. 6,627 126,170 Banmedica SA............................... 34,214 59,493 Besalco SA................................. 67,710 33,430 CAP SA..................................... 5,896 14,495 Cencosud SA................................ 48,851 119,828 # Cia Cervecerias Unidas SA ADR.............. 8,000 146,720 * Cia Sud Americana de Vapores SA............ 193,299 6,499 Colbun SA.................................. 415,803 113,986 Corpbanca SA............................... 12,086,552 133,531 # Corpbanca SA ADR........................... 9,675 160,798 Cristalerias de Chile SA................... 2,000 13,575 E.CL SA.................................... 71,700 111,600 Embotelladora Andina SA Class B ADR........ 315 5,273 Empresa Nacional de Electricidad SA Sponsored ADR............................ 7,303 311,838 * Empresas AquaChile SA...................... 28,692 18,526 Empresas CMPC SA........................... 144,035 361,391 Empresas COPEC SA.......................... 26,515 301,578 Empresas Hites SA.......................... 30,027 9,854 Empresas Iansa SA.......................... 500,604 13,296 * Empresas La Polar SA....................... 88,819 3,233 Enersis SA................................. 368,503 113,714 Enersis SA Sponsored ADR................... 36,113 550,723 ENTEL Chile SA............................. 43,084 406,640 Forus SA................................... 17,454 63,322 Gasco SA................................... 1,627 13,851 Grupo Security SA.......................... 147,850 45,268 Inversiones Aguas Metropolitanas SA........ 158,686 245,547 1436 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHILE -- (Continued) * Latam Airlines Group SA............................... 11,067 $ 114,289 * Latam Airlines Group SA Sponsored ADR................. 23,984 248,714 Masisa SA............................................. 586,512 16,278 Molibdenos y Metales SA............................... 1,797 13,942 * Multiexport Foods SA.................................. 68,000 13,639 Parque Arauco SA...................................... 146,384 259,904 PAZ Corp. SA.......................................... 30,769 16,994 Ripley Corp. SA....................................... 48,272 19,869 SACI Falabella........................................ 18,630 122,469 Salfacorp SA.......................................... 22,708 15,119 Sigdo Koppers SA...................................... 78,916 106,878 Sociedad Quimica y Minera de Chile SA Sponsored ADR... 800 19,088 Socovesa SA........................................... 110,770 22,061 Sonda SA.............................................. 79,082 191,954 Vina Concha y Toro SA................................. 106,813 194,187 Vina Concha y Toro SA Sponsored ADR................... 800 29,200 ---------- TOTAL CHILE............................................... 5,623,412 ---------- CHINA -- (5.2%) # 361 Degrees International, Ltd........................ 173,000 49,489 # AAC Technologies Holdings, Inc........................ 83,500 533,624 Agile Property Holdings, Ltd.......................... 528,749 320,727 Agricultural Bank of China, Ltd. Class H.............. 2,792,000 1,366,959 Air China, Ltd. Class H............................... 492,000 470,126 Ajisen China Holdings, Ltd............................ 82,000 47,497 * Alibaba Health Information Technology, Ltd............ 94,000 61,540 #* Aluminum Corp. of China, Ltd. ADR..................... 15,900 176,808 * Aluminum Corp. of China, Ltd. Class H................. 598,000 269,221 AMVIG Holdings, Ltd................................... 130,000 63,525 Angang Steel Co., Ltd. Class H........................ 346,000 255,954 Anhui Conch Cement Co., Ltd. Class H.................. 79,000 264,964 Anhui Expressway Co., Ltd. Class H.................... 110,000 79,700 Anhui Tianda Oil Pipe Co., Ltd........................ 29,000 4,604 # Anta Sports Products, Ltd............................. 176,000 311,597 # Anton Oilfield Services Group......................... 338,000 65,472 Anxin-China Holdings, Ltd............................. 816,000 55,703 Asia Cement China Holdings Corp....................... 143,500 73,610 * AVIC International Holdings, Ltd...................... 68,000 47,494 AviChina Industry & Technology Co., Ltd. Class H...... 456,000 295,223 Bank of China, Ltd. Class H........................... 6,209,800 3,458,686 Bank of Communications Co., Ltd. Class H.............. 671,695 563,896 # Baoxin Auto Group, Ltd................................ 155,000 89,327 Baoye Group Co., Ltd. Class H......................... 71,040 41,171 BBMG Corp. Class H.................................... 290,500 253,853 Beijing Capital International Airport Co., Ltd. Class H............................................ 456,000 432,089 Beijing Capital Land, Ltd. Class H.................... 436,000 201,004 Beijing Enterprises Holdings, Ltd..................... 38,500 292,443 Beijing Enterprises Water Group, Ltd.................. 263,000 171,657 Beijing Jingneng Clean Energy Co., Ltd. Class H....... 200,000 79,976 Beijing North Star Co., Ltd. Class H.................. 254,000 80,062 Belle International Holdings, Ltd..................... 362,000 408,828 # Biostime International Holdings, Ltd.................. 39,500 107,377 # Bloomage Biotechnology Corp., Ltd..................... 15,000 24,825 1437 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Boer Power Holdings, Ltd.............................. 43,000 $ 46,846 # Bosideng International Holdings, Ltd.................. 942,000 120,984 Brilliance China Automotive Holdings, Ltd............. 136,000 249,805 Byd Co., Ltd. Class H................................. 13,500 48,943 BYD Electronic International Co., Ltd................. 245,500 257,407 C C Land Holdings, Ltd................................ 414,883 71,452 Carrianna Group Holdings Co., Ltd..................... 26,000 3,113 CECEP COSTIN New Materials Group, Ltd................. 40,000 16,772 Central China Real Estate, Ltd........................ 203,696 50,836 # Changshouhua Food Co., Ltd............................ 87,000 59,789 #* Chaoda Modern Agriculture Holdings, Ltd............... 547,200 38,304 # Chaowei Power Holdings, Ltd........................... 150,000 62,665 # China Aerospace International Holdings, Ltd........... 1,028,000 129,408 China Agri-Industries Holdings, Ltd................... 757,700 307,020 # China All Access Holdings, Ltd........................ 44,000 14,743 China Animal Healthcare, Ltd.......................... 47,000 31,675 China Aoyuan Property Group, Ltd...................... 301,000 48,448 * China Automation Group, Ltd........................... 242,000 28,051 China BlueChemical, Ltd............................... 568,000 197,455 * China Chengtong Development Group, Ltd................ 446,000 26,565 China Child Care Corp., Ltd........................... 117,000 18,566 China CITIC Bank Corp., Ltd. Class H.................. 1,055,000 781,515 # China Coal Energy Co., Ltd. Class H................... 589,000 325,999 China Communications Construction Co., Ltd. Class H... 655,000 709,897 China Communications Services Corp., Ltd. Class H..... 828,000 373,923 China Construction Bank Corp. Class H................. 9,332,200 7,482,235 #* China COSCO Holdings Co., Ltd. Class H................ 539,000 265,732 * China Culiangwang Beverages Holdings, Ltd............. 126,000 7,112 China Datang Corp. Renewable Power Co., Ltd. Class H.. 559,000 80,488 #* China Dredging Environment Protection Holdings, Ltd... 44,000 7,727 #* China Eastern Airlines Corp., Ltd. ADR................ 2,373 62,647 * China Eastern Airlines Corp., Ltd. Class H............ 332,000 168,376 * China Energine International Holdings, Ltd............ 316,000 34,067 China Everbright International, Ltd................... 307,000 451,377 # China Fiber Optic Network System Group, Ltd........... 298,000 72,543 #* China Foods, Ltd...................................... 246,000 81,136 China Galaxy Securities Co., Ltd. Class H............. 301,500 322,575 China Gas Holdings, Ltd............................... 184,000 285,325 China Glass Holdings, Ltd............................. 102,000 13,112 * China High Precision Automation Group, Ltd............ 127,000 3,747 * China High Speed Transmission Equipment Group Co., Ltd................................................. 254,000 179,333 China Hongqiao Group, Ltd............................. 482,500 307,671 * China Household Holdings, Ltd......................... 410,000 28,030 * China Huiyuan Juice Group, Ltd........................ 179,500 58,489 China International Marine Containers Group Co., Ltd. Class H............................................. 34,100 65,131 China ITS Holdings Co., Ltd........................... 291,000 34,893 # China Lesso Group Holdings, Ltd....................... 320,000 154,743 China Life Insurance Co., Ltd. ADR.................... 8,269 474,971 China Lilang, Ltd..................................... 87,000 54,657 China Longyuan Power Group Corp., Ltd. Class H........ 297,000 317,243 #* China Lumena New Materials Corp....................... 752,000 45,470 China Machinery Engineering Corp. Class H............. 199,000 168,852 China Medical System Holdings, Ltd.................... 94,000 162,342 1438 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) China Mengniu Dairy Co., Ltd.......................... 112,000 $ 511,778 China Merchants Bank Co., Ltd. Class H................ 358,201 800,426 China Merchants Holdings International Co., Ltd....... 228,704 837,510 China Merchants Land, Ltd............................. 388,000 55,022 * China Metal Recycling Holdings, Ltd................... 89,400 20,389 China Minsheng Banking Corp., Ltd. Class H............ 672,600 815,580 China Mobile, Ltd..................................... 8,000 104,459 China Mobile, Ltd. Sponsored ADR...................... 55,427 3,620,492 * China Modern Dairy Holdings, Ltd...................... 481,000 154,671 China Molybdenum Co., Ltd. Class H.................... 79,000 49,880 China National Building Material Co., Ltd. Class H.... 1,214,000 1,170,170 China National Materials Co., Ltd..................... 437,000 116,189 * China New Town Development Co., Ltd................... 241,383 13,503 China Oil & Gas Group, Ltd............................ 2,040,000 262,847 China Oilfield Services, Ltd. Class H................. 86,000 141,903 China Overseas Grand Oceans Group, Ltd................ 328,250 172,622 China Overseas Land & Investment, Ltd................. 462,827 1,343,473 China Pacific Insurance Group Co., Ltd. Class H....... 82,000 394,072 China Petroleum & Chemical Corp. ADR.................. 12,059 955,154 China Petroleum & Chemical Corp. Class H.............. 541,400 429,774 # China Power International Development, Ltd............ 560,000 322,273 * China Power New Energy Development Co., Ltd........... 960,000 58,564 * China Precious Metal Resources Holdings Co., Ltd...... 944,000 82,876 * China Properties Group, Ltd........................... 173,000 29,195 * China Public Procurement, Ltd......................... 120,000 2,863 * China Qinfa Group, Ltd................................ 116,000 3,841 China Railway Construction Corp., Ltd. Class H........ 301,000 344,232 China Railway Group, Ltd. Class H..................... 560,000 409,487 * China Rare Earth Holdings, Ltd........................ 640,000 105,903 China Resources Cement Holdings, Ltd.................. 644,610 383,369 China Resources Enterprise, Ltd....................... 304,000 667,134 China Resources Gas Group, Ltd........................ 102,000 247,741 China Resources Land, Ltd............................. 310,444 794,988 China Resources Power Holdings Co., Ltd............... 122,000 343,156 #* China Rongsheng Heavy Industries Group Holdings, Ltd.. 752,000 68,256 * China Ruifeng Renewable Energy, Ltd................... 56,000 7,874 # China Sanjiang Fine Chemicals Co., Ltd................ 185,000 54,882 * China SCE Property Holdings, Ltd...................... 363,600 69,997 # China Shanshui Cement Group, Ltd...................... 593,000 264,238 China Shenhua Energy Co., Ltd. Class H................ 297,116 815,593 China Shineway Pharmaceutical Group, Ltd.............. 58,000 90,865 * China Shipping Container Lines Co., Ltd. Class H...... 943,000 297,150 * China Shipping Development Co., Ltd. Class H.......... 453,752 322,263 # China Singyes Solar Technologies Holdings, Ltd........ 119,000 166,295 # China South City Holdings, Ltd........................ 490,000 160,910 China Southern Airlines Co., Ltd. Class H............. 370,000 197,019 China Southern Airlines Co., Ltd. Sponsored ADR....... 3,231 85,622 China State Construction International Holdings, Ltd.. 163,600 251,198 China Suntien Green Energy Corp., Ltd. Class H........ 335,000 74,519 * China Taifeng Beddings Holdings, Ltd.................. 44,000 5,485 * China Taiping Insurance Holdings Co., Ltd............. 167,706 515,834 China Telecom Corp., Ltd. ADR......................... 3,368 197,230 #* China Tian Lun Gas Holdings, Ltd...................... 58,500 61,323 1439 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) * China Tianyi Holdings, Ltd......................... 136,000 $ 12,658 China Travel International Investment Hong Kong, Ltd.............................................. 658,000 218,467 China Unicom Hong Kong, Ltd........................ 218,000 326,301 # China Unicom Hong Kong, Ltd. ADR................... 71,272 1,065,516 China Vanadium Titano - Magnetite Mining Co., Ltd.. 296,000 27,051 China Water Affairs Group, Ltd..................... 310,000 146,358 * China WindPower Group, Ltd......................... 1,190,000 72,485 #* China Yurun Food Group, Ltd........................ 517,000 198,751 China ZhengTong Auto Services Holdings, Ltd........ 292,500 146,795 # China Zhongwang Holdings, Ltd...................... 557,200 245,092 * Chinasoft International, Ltd....................... 266,000 84,733 * Chinese People Holdings Co., Ltd................... 452,587 7,391 * Chongqing Iron & Steel Co., Ltd. Class H........... 196,000 39,510 Chongqing Machinery & Electric Co., Ltd. Class H... 327,925 50,519 Chongqing Rural Commercial Bank Co., Ltd. Class H.. 720,000 441,644 CIMC Enric Holdings, Ltd........................... 98,000 75,088 * CITIC Dameng Holdings, Ltd......................... 56,000 4,095 * CITIC Resources Holdings, Ltd...................... 922,000 120,947 CITIC Securities Co., Ltd. Class H................. 50,500 161,593 CITIC, Ltd......................................... 278,000 477,786 Citychamp Watch & Jewellery Group, Ltd............. 450,000 55,113 Clear Media, Ltd................................... 29,000 28,792 CNOOC, Ltd......................................... 602,000 800,341 # CNOOC, Ltd. ADR.................................... 13,087 1,742,534 * Coastal Greenland, Ltd............................. 123,000 3,590 Comba Telecom Systems Holdings, Ltd................ 335,793 80,939 * Comtec Solar Systems Group, Ltd.................... 208,000 26,165 Coolpad Group, Ltd................................. 496,000 100,543 COSCO Pacific, Ltd................................. 438,674 638,179 * Coslight Technology International Group Co., Ltd... 54,000 33,049 Country Garden Holdings Co., Ltd................... 2,085,786 831,092 CP Pokphand Co., Ltd............................... 568,000 64,390 CPMC Holdings, Ltd................................. 118,000 63,094 CSPC Pharmaceutical Group, Ltd..................... 266,000 223,369 CSR Corp., Ltd..................................... 66,000 79,840 * DaChan Food Asia, Ltd.............................. 128,000 14,910 # Dah Chong Hong Holdings, Ltd....................... 261,000 152,836 Dalian Port PDA Co., Ltd. Class H.................. 472,000 161,496 DaMing International Holdings, Ltd................. 42,000 12,032 # Daphne International Holdings, Ltd................. 302,000 96,839 Datang International Power Generation Co., Ltd. Class H.......................................... 316,000 172,770 Dawnrays Pharmaceutical Holdings, Ltd.............. 56,000 38,569 #* DBA Telecommunication Asia Holdings, Ltd........... 72,000 3,539 Digital China Holdings, Ltd........................ 253,000 238,996 # Dongfang Electric Corp., Ltd. Class H.............. 94,800 207,672 Dongfeng Motor Group Co., Ltd. Class H............. 230,000 333,224 Dongyue Group, Ltd................................. 361,000 125,668 #* Dynasty Fine Wines Group, Ltd...................... 114,000 3,970 ENN Energy Holdings, Ltd........................... 98,000 577,412 EVA Precision Industrial Holdings, Ltd............. 284,000 67,524 # Evergrande Real Estate Group, Ltd.................. 2,477,000 1,024,953 # Fantasia Holdings Group Co., Ltd................... 396,000 39,257 #* FDG Electric Vehicles, Ltd......................... 100,000 5,652 1440 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Fosun International, Ltd.............................. 262,500 $ 367,954 Franshion Properties China, Ltd....................... 1,270,000 372,872 Fufeng Group, Ltd..................................... 295,600 149,335 #* GCL-Poly Energy Holdings, Ltd......................... 1,753,000 382,904 # Geely Automobile Holdings, Ltd........................ 2,045,000 840,440 * Global Bio-Chem Technology Group Co., Ltd............. 500,000 14,466 * Glorious Property Holdings, Ltd....................... 667,000 76,478 # Golden Eagle Retail Group, Ltd........................ 90,000 107,287 Golden Meditech Holdings, Ltd......................... 340,585 47,716 #* Goldin Properties Holdings, Ltd....................... 122,000 69,644 Goldlion Holdings, Ltd................................ 79,000 33,923 GOME Electrical Appliances Holding, Ltd............... 2,608,060 362,362 # Goodbaby International Holdings, Ltd.................. 141,000 44,404 Great Wall Motor Co., Ltd. Class H.................... 135,000 770,565 Greatview Aseptic Packaging Co., Ltd.................. 132,000 60,341 # Greenland Hong Kong Holdings, Ltd..................... 24,000 9,359 # Greentown China Holdings, Ltd......................... 219,000 194,410 Guangdong Investment, Ltd............................. 316,000 422,547 * Guangdong Land Holdings, Ltd.......................... 208,000 53,429 Guangshen Railway Co., Ltd. Class H................... 164,000 84,815 Guangshen Railway Co., Ltd. Sponsored ADR............. 6,099 156,256 Guangzhou Automobile Group Co., Ltd. Class H.......... 486,259 443,399 Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H........................................ 18,000 63,742 Guangzhou R&F Properties Co., Ltd..................... 397,200 454,927 Guodian Technology & Environment Group Corp., Ltd. Class H............................................. 236,000 29,403 Haier Electronics Group Co., Ltd...................... 127,000 341,873 Hainan Meilan International Airport Co., Ltd. Class H............................................. 27,000 21,918 Haitian International Holdings, Ltd................... 56,000 108,860 # Hanergy Thin Film Power Group, Ltd.................... 1,786,000 827,390 Harbin Electric Co., Ltd. Class H..................... 236,236 168,927 * Heng Tai Consumables Group, Ltd....................... 773,954 8,719 Hengan International Group Co., Ltd................... 42,000 498,545 # Hengdeli Holdings, Ltd................................ 577,400 107,559 #* Hidili Industry International Development, Ltd........ 268,000 23,162 # Hilong Holding, Ltd................................... 163,000 50,322 * Hisense Kelon Electrical Holdings Co., Ltd. Class H... 65,000 52,725 * HKC Holdings, Ltd..................................... 393,477 12,901 # Honghua Group, Ltd.................................... 438,000 53,630 Hopewell Highway Infrastructure, Ltd.................. 186,475 90,129 * Hopson Development Holdings, Ltd...................... 234,000 207,457 HOSA International, Ltd............................... 58,000 23,770 Hua Han Bio-Pharmaceutical Holdings, Ltd.............. 755,895 180,994 Huabao International Holdings, Ltd.................... 704,000 554,737 Huadian Power International Corp., Ltd. Class H....... 274,000 247,817 Huaneng Power International, Inc. Class H............. 24,000 33,409 Huaneng Power International, Inc. Sponsored ADR....... 3,000 167,250 Huaneng Renewables Corp., Ltd. Class H................ 916,000 326,051 * Hunan Nonferrous Metal Corp., Ltd. Class H............ 530,000 274,348 Industrial & Commercial Bank of China, Ltd. Class H... 9,443,460 6,746,454 Intime Retail Group Co., Ltd.......................... 261,500 160,833 Jiangsu Expressway Co., Ltd. Class H.................. 166,000 203,682 Jiangxi Copper Co., Ltd. Class H...................... 309,000 503,740 * Jinchuan Group International Resources Co., Ltd....... 47,000 2,771 1441 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- CHINA -- (Continued) Jingwei Textile Machinery Class H....................... 28,000 $ 34,530 Ju Teng International Holdings, Ltd..................... 274,000 144,484 * Kai Yuan Holdings, Ltd.................................. 1,980,000 20,382 # Kaisa Group Holdings, Ltd............................... 530,000 109,387 Kasen International Holdings, Ltd....................... 30,000 3,684 Kingboard Chemical Holdings, Ltd........................ 208,000 335,868 Kingboard Laminates Holdings, Ltd....................... 291,500 123,483 #* Kingdee International Software Group Co., Ltd........... 371,600 120,140 Kingsoft Corp., Ltd..................................... 54,000 128,685 Kunlun Energy Co., Ltd.................................. 634,000 660,129 KWG Property Holding, Ltd............................... 421,900 272,160 #* Labixiaoxin Snacks Group, Ltd........................... 200,000 20,828 Lai Fung Holdings, Ltd.................................. 1,378,000 27,087 Le Saunda Holdings, Ltd................................. 126,000 46,420 Lee & Man Chemical Co., Ltd............................. 48,300 25,245 Lee & Man Paper Manufacturing, Ltd...................... 381,600 200,355 Lenovo Group, Ltd....................................... 424,000 548,115 * Lianhua Supermarket Holdings Co., Ltd. Class H.......... 96,400 46,599 Lijun International Pharmaceutical Holding Co., Ltd..... 294,000 137,319 * Lingbao Gold Co., Ltd. Class H.......................... 100,000 17,681 Livzon Pharmaceutical Group, Inc. Class H............... 600 3,336 Longfor Properties Co., Ltd............................. 401,500 525,399 Lonking Holdings, Ltd................................... 631,000 119,362 * Loudong General Nice Resources China Holdings, Ltd...... 507,600 40,010 * Maanshan Iron & Steel Co., Ltd. Class H................. 538,000 146,148 Maoye International Holdings, Ltd....................... 311,000 46,464 Metallurgical Corp. of China, Ltd. Class H.............. 783,000 240,634 * Microport Scientific Corp............................... 56,000 24,484 MIE Holdings Corp....................................... 304,000 34,481 MIN XIN Holdings, Ltd................................... 34,000 25,259 * Mingfa Group International Co., Ltd..................... 473,000 154,749 Minmetals Land, Ltd..................................... 268,000 30,697 Minth Group, Ltd........................................ 144,000 299,767 MMG, Ltd................................................ 608,000 174,005 * Nan Hai Corp., Ltd...................................... 5,150,000 27,730 Nature Home Holding Co., Ltd............................ 29,000 4,712 # NetDragon Websoft, Inc.................................. 26,500 46,411 New China Life Insurance Co., Ltd. Class H.............. 32,700 179,914 New World China Land, Ltd............................... 669,800 416,176 Nine Dragons Paper Holdings, Ltd........................ 560,000 409,926 #* North Mining Shares Co., Ltd............................ 1,510,000 64,858 NVC Lighting Holdings, Ltd.............................. 320,000 54,797 Overseas Chinese Town Asia Holdings, Ltd................ 28,000 16,230 # Pacific Online, Ltd..................................... 107,000 39,188 Parkson Retail Group, Ltd............................... 336,500 80,070 PetroChina Co., Ltd. ADR................................ 9,000 977,130 PetroChina Co., Ltd. Class H............................ 224,000 242,662 # Phoenix Satellite Television Holdings, Ltd.............. 348,000 108,344 PICC Property & Casualty Co., Ltd. Class H.............. 234,502 457,355 Ping An Insurance Group Co. of China, Ltd. Class H...... 67,000 708,839 Poly Property Group Co., Ltd............................ 586,000 272,956 * Ports Design, Ltd....................................... 89,500 34,502 * Pou Sheng International Holdings, Ltd................... 463,000 35,788 1442 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) * Powerlong Real Estate Holdings, Ltd................... 259,000 $ 35,697 * Prosperity International Holdings HK, Ltd............. 320,000 9,451 * Qunxing Paper Holdings Co., Ltd....................... 147,174 7,176 * Real Gold Mining, Ltd................................. 19,000 645 Real Nutriceutical Group, Ltd......................... 205,000 57,953 #* Renhe Commercial Holdings Co., Ltd.................... 5,640,000 254,555 REXLot Holdings, Ltd.................................. 2,254,266 176,040 Road King Infrastructure, Ltd......................... 71,000 60,595 * Sany Heavy Equipment International Holdings Co., Ltd.. 240,000 51,258 Sateri Holdings, Ltd.................................. 194,000 23,282 * Semiconductor Manufacturing International Corp........ 6,596,000 571,732 * Semiconductor Manufacturing International Corp. ADR... 17,475 73,919 Shandong Chenming Paper Holdings, Ltd. Class H........ 69,000 33,991 Shandong Weigao Group Medical Polymer Co., Ltd. Class H............................................ 72,000 56,403 Shanghai Electric Group Co., Ltd. Class H............. 590,000 361,001 Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H............................................. 18,000 65,549 Shanghai Industrial Holdings, Ltd..................... 154,000 454,970 #* Shanghai Industrial Urban Development Group, Ltd...... 512,000 82,313 Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H........................................ 348,000 115,828 Shanghai Pharmaceuticals Holding Co., Ltd. Class H.... 158,200 342,570 Shanghai Prime Machinery Co., Ltd. Class H............ 82,000 14,694 * Shanghai Zendai Property, Ltd......................... 1,505,000 35,527 Shengli Oil & Gas Pipe Holdings, Ltd.................. 262,500 12,833 Shenguan Holdings Group, Ltd.......................... 446,000 124,378 Shenzhen Expressway Co., Ltd. Class H................. 174,000 135,518 Shenzhen International Holdings, Ltd.................. 308,843 445,099 Shenzhen Investment, Ltd.............................. 488,345 140,313 Shenzhou International Group Holdings, Ltd............ 78,000 281,405 Shimao Property Holdings, Ltd......................... 483,500 1,017,348 * Shougang Concord International Enterprises Co., Ltd... 1,368,000 58,058 # Shougang Fushan Resources Group, Ltd.................. 688,000 146,254 Shui On Land, Ltd..................................... 1,406,156 314,734 * Shunfeng International Clean Energy, Ltd.............. 84,000 64,997 Sichuan Expressway Co., Ltd. Class H.................. 204,000 86,597 Sihuan Pharmaceutical Holdings Group, Ltd............. 716,000 460,928 Sino Biopharmaceutical, Ltd........................... 583,999 583,410 #* Sino Oil And Gas Holdings, Ltd........................ 3,690,000 77,371 Sino-Ocean Land Holdings, Ltd......................... 887,832 571,161 * Sinofert Holdings, Ltd................................ 628,000 116,371 # SinoMedia Holding, Ltd................................ 111,276 53,753 # Sinopec Kantons Holdings, Ltd......................... 198,000 156,499 Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR...................................... 4,950 141,224 Sinopharm Group Co., Ltd. Class H..................... 116,000 423,852 Sinosoft Technology Group, Ltd........................ 50,000 21,775 * Sinotrans Shipping, Ltd............................... 314,500 71,133 Sinotrans, Ltd. Class H............................... 441,000 314,679 Sinotruk Hong Kong, Ltd............................... 216,500 119,068 SITC International Holdings Co., Ltd.................. 197,000 108,442 Skyworth Digital Holdings, Ltd........................ 680,402 384,583 SMI Holdings Group, Ltd............................... 996,000 34,637 SOHO China, Ltd....................................... 571,000 398,763 * Solargiga Energy Holdings, Ltd........................ 246,000 8,701 * Sparkle Roll Group, Ltd............................... 312,000 12,659 1443 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Springland International Holdings, Ltd............. 324,000 $ 99,710 # SPT Energy Group, Inc.............................. 152,000 24,300 SRE Group, Ltd..................................... 1,064,285 28,693 # Sun Art Retail Group, Ltd.......................... 138,000 124,576 Sunac China Holdings, Ltd.......................... 616,000 551,454 # Sunny Optical Technology Group Co., Ltd............ 61,000 92,373 #* Superb Summit International Group, Ltd............. 825,000 155,373 TCC International Holdings, Ltd.................... 482,000 175,647 # TCL Communication Technology Holdings, Ltd......... 258,000 226,936 * TCL Multimedia Technology Holdings, Ltd............ 208,000 90,867 #* Technovator International, Ltd..................... 126,000 50,067 Tencent Holdings, Ltd.............................. 150,500 2,536,493 Texhong Textile Group, Ltd......................... 138,000 103,923 Tian An China Investment Co., Ltd.................. 67,000 41,408 Tian Shan Development Holding, Ltd................. 66,000 28,155 # Tiangong International Co., Ltd.................... 492,000 86,014 Tianjin Port Development Holdings, Ltd............. 590,000 119,213 Tianneng Power International, Ltd.................. 172,000 42,024 # Tibet 5100 Water Resources Holdings, Ltd........... 258,000 87,248 Tingyi Cayman Islands Holding Corp................. 104,000 256,432 # Tomson Group, Ltd.................................. 98,360 23,846 Tong Ren Tang Technologies Co., Ltd. Class H....... 86,000 107,398 Tongda Group Holdings, Ltd......................... 530,000 69,986 Tonly Electronics Holdings, Ltd.................... 31,200 22,014 Top Spring International Holdings, Ltd............. 47,600 13,387 Towngas China Co., Ltd............................. 168,000 146,716 TPV Technology, Ltd................................ 422,000 86,184 Travelsky Technology, Ltd. Class H................. 218,471 231,073 # Trigiant Group, Ltd................................ 188,000 39,212 # Truly International Holdings, Ltd.................. 544,000 196,436 Tsingtao Brewery Co., Ltd. Class H................. 10,000 66,795 Uni-President China Holdings, Ltd.................. 182,400 157,736 * United Energy Group, Ltd........................... 472,000 66,733 * V1 Group, Ltd...................................... 1,149,800 88,394 #* Wanda Hotel Development Co., Ltd................... 143,000 27,277 Want Want China Holdings, Ltd...................... 391,000 467,223 Wasion Group Holdings, Ltd......................... 84,000 78,714 Weichai Power Co., Ltd. Class H.................... 101,720 402,415 Weiqiao Textile Co. Class H........................ 178,000 97,391 Welling Holding, Ltd............................... 328,400 60,599 West China Cement, Ltd............................. 894,000 99,885 Wisdom Holdings Group.............................. 115,000 69,277 Wuzhou International Holdings, Ltd................. 124,000 21,622 Xiamen International Port Co., Ltd. Class H........ 330,000 83,741 Xingda International Holdings, Ltd................. 288,000 90,353 Xinjiang Goldwind Science & Technology Co., Ltd. Class H.......................................... 51,400 81,811 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H.. 99,000 18,172 XTEP International Holdings, Ltd................... 157,000 55,375 * Yanchang Petroleum International, Ltd.............. 1,360,000 53,425 Yanlord Land Group, Ltd............................ 71,000 52,855 Yanzhou Coal Mining Co., Ltd. Class H.............. 294,000 235,315 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR........ 18,500 145,780 # Yingde Gases Group Co., Ltd........................ 352,000 237,182 1444 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ CHINA -- (Continued) Yip's Chemical Holdings, Ltd....................... 96,000 $ 55,653 Youyuan International Holdings, Ltd................ 34,100 6,860 Yuanda China Holdings, Ltd......................... 606,000 35,166 Yuexiu Property Co., Ltd........................... 2,149,720 423,336 # Yuexiu Transport Infrastructure, Ltd............... 162,639 109,971 Yuzhou Properties Co., Ltd......................... 268,000 64,597 #* Zall Development Group, Ltd........................ 106,000 36,394 # Zhaojin Mining Industry Co., Ltd................... 284,500 173,758 Zhejiang Expressway Co., Ltd. Class H.............. 192,000 244,827 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H.......................................... 16,600 9,940 Zhong An Real Estate, Ltd.......................... 34,000 4,524 # Zhongsheng Group Holdings, Ltd..................... 177,000 153,982 Zhuzhou CSR Times Electric Co., Ltd. Class H....... 35,000 195,246 # Zijin Mining Group Co., Ltd. Class H............... 711,000 220,192 # Zoomlion Heavy Industry Science and Technology Co., Ltd......................................... 304,800 186,885 ZTE Corp. Class H.................................. 106,504 233,300 ------------ TOTAL CHINA............................................ 105,091,920 ------------ COLOMBIA -- (0.1%) Almacenes Exito SA................................. 28,397 290,953 Banco de Bogota SA................................. 1,407 35,821 Bancolombia SA..................................... 25,569 287,756 Bancolombia SA Sponsored ADR....................... 8,560 396,071 Celsia SA ESP...................................... 23,037 48,623 Cementos Argos SA.................................. 14,282 53,850 Corp. Financiera Colombiana SA(B000C92)............ 800 12,151 * Corp. Financiera Colombiana SA(BS7K7G3)............ 15 226 # Ecopetrol SA Sponsored ADR......................... 10,314 168,118 Empresa de Telecomunicaciones de Bogota............ 40,000 7,377 Grupo Aval Acciones y Valores...................... 50,031 25,682 Grupo de Inversiones Suramericana SA............... 9,338 135,477 Grupo Nutresa SA................................... 12,229 127,803 Interconexion Electrica SA ESP..................... 31,226 95,982 Isagen SA ESP...................................... 74,180 87,709 ------------ TOTAL COLOMBIA......................................... 1,773,599 ------------ CZECH REPUBLIC -- (0.0%) CEZ A.S............................................ 12,224 286,118 Komercni Banka A.S................................. 609 123,934 O2 Czech Republic AS............................... 19,986 176,774 Pegas Nonwovens SA................................. 2,000 54,811 Philip Morris CR A.S............................... 100 44,561 * Unipetrol A.S...................................... 11,278 62,300 ------------ TOTAL CZECH REPUBLIC................................... 748,498 ------------ DENMARK -- (1.1%) ALK-Abello A.S..................................... 1,380 156,934 * Alm Brand A.S...................................... 35,468 183,623 Ambu A.S. Class B.................................. 7,992 169,766 AP Moeller - Maersk A.S. Class A................... 205 401,162 AP Moeller - Maersk A.S. Class B................... 515 1,040,686 * Auriga Industries A.S. Class B..................... 4,609 218,098 1445 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- DENMARK -- (Continued) #* Bang & Olufsen A.S................................. 12,488 $ 86,366 * Bavarian Nordic A.S................................ 9,044 278,510 Carlsberg A.S. Class B............................. 9,471 695,461 Chr Hansen Holding A.S............................. 24,228 1,006,790 Coloplast A.S. Class B............................. 4,082 321,766 # D/S Norden A.S..................................... 6,453 133,460 Danske Bank A.S.................................... 46,078 1,192,608 Dfds A.S........................................... 108 10,413 DSV A.S............................................ 51,759 1,630,290 East Asiatic Co., Ltd. A.S......................... 3,064 24,204 # FLSmidth & Co. A.S................................. 9,507 401,672 * Genmab A.S......................................... 5,998 401,908 GN Store Nord A.S.................................. 46,624 1,045,214 H Lundbeck A.S..................................... 8,373 170,052 * H+H International A.S. Class B..................... 2,233 12,752 IC Companys A.S.................................... 1,760 37,739 Jeudan A.S......................................... 397 35,288 * Jyske Bank A.S..................................... 14,129 639,524 NKT Holding A.S.................................... 7,045 361,884 Nordjyske Bank A.S................................. 2,430 37,227 Norresundby Bank A.S............................... 518 30,653 Novo Nordisk A.S. Class B.......................... 43,268 1,928,484 Novo Nordisk A.S. Sponsored ADR.................... 20,820 927,739 Novozymes A.S. Class B............................. 23,159 1,056,154 Pandora A.S........................................ 14,174 1,013,265 * Parken Sport & Entertainment A.S................... 1,975 17,943 PER Aarsleff A.S. Class B.......................... 698 156,901 Ringkjoebing Landbobank A.S........................ 816 153,442 Rockwool International A.S. Class B................ 1,847 197,226 * Royal UNIBREW A.S.................................. 2,687 458,029 Schouw & Co........................................ 3,987 185,033 SimCorp A.S........................................ 8,097 235,318 Solar A.S. Class B................................. 1,890 83,482 Spar Nord Bank A.S................................. 7,313 65,936 * Sydbank A.S........................................ 14,316 403,271 TDC A.S............................................ 150,100 1,110,859 Tivoli A.S......................................... 8 3,862 * TK Development A.S................................. 29,745 40,633 * Topdanmark A.S..................................... 25,711 860,354 Tryg A.S........................................... 5,808 680,082 United International Enterprises................... 628 94,155 * Vestas Wind Systems A.S............................ 38,569 1,498,545 * Vestjysk Bank A.S.................................. 5,218 6,805 * William Demant Holding A.S......................... 4,704 357,012 ----------- TOTAL DENMARK.......................................... 22,258,580 ----------- EGYPT -- (0.0%) Commercial International Bank Egypt S.A.E. GDR..... 15,982 114,103 1446 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- EGYPT -- (Continued) * Global Telecom Holding SAE GDR..................... 18,270 $ 52,703 ---------- TOTAL EGYPT............................................ 166,806 ---------- FINLAND -- (1.2%) Afarak Group Oyj................................... 27,736 11,169 Ahlstrom Oyj....................................... 7,221 65,239 Alma Media Oyj..................................... 3,037 10,392 Amer Sports Oyj.................................... 44,342 845,698 Aspo Oyj........................................... 6,086 47,402 Atria Oyj.......................................... 2,101 18,363 BasWare Oyj........................................ 1,070 45,855 * Biotie Therapies Oyj............................... 19,018 4,014 Cargotec Oyj....................................... 10,718 343,325 Caverion Corp...................................... 19,094 178,466 Citycon Oyj........................................ 60,336 204,570 Cramo Oyj.......................................... 7,537 116,229 Elektrobit Oyj..................................... 9,556 44,222 Elisa Oyj.......................................... 32,593 866,970 F-Secure Oyj....................................... 21,049 54,419 * Finnair Oyj........................................ 18,798 69,956 * Finnlines Oyj...................................... 2,556 46,205 Fiskars Oyj Abp.................................... 6,705 140,787 Fortum Oyj......................................... 98,591 2,103,020 HKScan Oyj Class A................................. 5,623 24,489 Huhtamaki Oyj...................................... 30,779 843,814 Kemira Oyj......................................... 27,532 314,990 Kesko Oyj Class A.................................. 4,605 160,840 Kesko Oyj Class B.................................. 21,890 799,913 Kone Oyj Class B................................... 22,183 1,000,502 Konecranes Oyj..................................... 9,577 291,767 Lassila & Tikanoja Oyj............................. 9,467 189,619 * Lemminkainen Oyj................................... 971 12,084 Metsa Board Oyj.................................... 52,655 314,629 Metso Oyj.......................................... 21,535 655,208 Metso Oyj Sponsored ADR............................ 200 6,126 Munksjo Oyj........................................ 3,996 42,350 Neste Oil Oyj...................................... 50,918 1,415,949 Nokia Oyj.......................................... 380,443 2,925,813 Nokia Oyj Sponsored ADR............................ 1,020 7,752 Nokian Renkaat Oyj................................. 19,181 472,717 Okmetic Oyj........................................ 4,178 25,006 Olvi Oyj Class A................................... 2,427 65,946 * Oriola-KD Oyj Class B.............................. 28,965 118,068 Orion Oyj Class A.................................. 4,179 137,520 Orion Oyj Class B.................................. 16,718 551,187 #* Outokumpu Oyj...................................... 65,148 352,478 # Outotec Oyj........................................ 68,913 399,052 PKC Group Oyj...................................... 5,321 115,647 Ponsse Oy.......................................... 1,987 27,862 * Poyry Oyj.......................................... 5,709 18,775 Raisio Oyj Class V................................. 32,023 153,857 Ramirent Oyj....................................... 14,752 121,802 Revenio Group Oyj.................................. 670 12,367 1447 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FINLAND -- (Continued) Saga Furs Oyj...................................... 230 $ 6,007 Sampo Oyj Class A.................................. 26,108 1,264,460 Sanoma Oyj......................................... 20,459 128,833 SRV Group Oyj...................................... 2,131 7,776 Stockmann Oyj Abp(5462371)......................... 937 7,074 Stockmann Oyj Abp(5462393)......................... 6,600 45,794 Stora Enso Oyj Class R............................. 185,776 1,802,478 Stora Enso Oyj Sponsored ADR....................... 1,800 17,478 * Talvivaara Mining Co. P.L.C........................ 136,822 4,685 Technopolis Oyj.................................... 32,902 149,137 Tieto Oyj.......................................... 21,406 526,037 Tikkurila Oyj...................................... 7,917 142,852 UPM-Kymmene Oyj.................................... 136,856 2,405,569 UPM-Kymmene Oyj Sponsored ADR...................... 1,300 22,828 Uponor Oyj......................................... 10,661 162,461 Vaisala Oyj Class A................................ 1,077 27,534 Valmet OYJ......................................... 14,091 181,442 Wartsila Oyj Abp................................... 17,603 816,032 # YIT Oyj............................................ 19,094 111,211 ----------- TOTAL FINLAND.......................................... 24,624,118 ----------- FRANCE -- (5.6%) Accor SA........................................... 23,212 1,154,031 Actia Group........................................ 1,316 8,162 Aeroports de Paris................................. 1,857 222,812 * Air France-KLM..................................... 36,000 316,993 Air Liquide SA..................................... 8,291 1,045,233 Akka Technologies SA............................... 1,292 46,825 Albioma SA......................................... 7,204 133,869 * Alcatel-Lucent..................................... 273,934 948,114 * Alstom SA.......................................... 19,684 641,376 Alten SA........................................... 6,566 275,012 Altran Technologies SA............................. 36,991 327,389 April SA........................................... 3,147 39,104 * Archos............................................. 2,165 5,829 Arkema SA.......................................... 13,250 945,183 #* Artprice.com....................................... 549 9,165 Assystem........................................... 3,266 63,847 AtoS............................................... 16,430 1,208,093 Aubay.............................................. 778 9,673 Audika Groupe...................................... 1,267 18,412 AXA SA............................................. 66,162 1,547,658 AXA SA Sponsored ADR............................... 62,400 1,468,272 Axway Software SA.................................. 1,277 24,149 * Beneteau SA........................................ 6,084 88,635 Bigben Interactive................................. 1,060 4,537 BioMerieux......................................... 2,709 295,945 BNP Paribas SA..................................... 66,145 3,472,967 Boiron SA.......................................... 1,642 167,942 * Bollore SA(BQR9N80)................................ 300 1,254 Bollore SA(4572709)................................ 184,219 792,856 Bonduelle S.C.A.................................... 4,965 111,901 Bongrain SA........................................ 1,129 68,745 1448 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Bouygues SA........................................ 42,186 $1,503,300 Bureau Veritas SA.................................. 15,901 336,717 Burelle SA......................................... 45 33,485 Cap Gemini SA...................................... 18,385 1,334,385 Carrefour SA....................................... 62,283 1,951,690 Casino Guichard Perrachon SA....................... 15,049 1,365,281 * Cegedim SA......................................... 878 31,832 Cegid Group........................................ 2,254 81,149 * CGG SA............................................. 7,670 42,491 * CGG SA Sponsored ADR............................... 23,995 134,612 * Chargeurs SA....................................... 5,828 33,712 Christian Dior SA.................................. 2,587 444,936 Cie de Saint-Gobain................................ 60,928 2,595,574 Cie Generale des Etablissements Michelin........... 34,832 3,392,008 * Club Mediterranee SA............................... 5,752 160,296 CNP Assurances..................................... 25,995 456,355 Credit Agricole SA................................. 74,844 887,625 Danone SA.......................................... 14,067 944,048 Danone SA Sponsored ADR............................ 600 8,076 Dassault Systemes ADR.............................. 1,228 76,050 Dassault Systemes SA............................... 3,682 227,530 Derichebourg SA.................................... 31,806 123,648 Devoteam SA........................................ 2,730 52,495 Edenred............................................ 25,197 724,178 Eiffage SA......................................... 8,907 433,661 Electricite de France SA........................... 32,622 884,348 * Eramet............................................. 1,419 113,643 Essilor International SA........................... 12,210 1,359,845 * Esso SA Francaise.................................. 381 15,761 * Etablissements Maurel et Prom...................... 38,170 308,315 Euler Hermes Group................................. 3,547 347,351 * Euro Disney SCA.................................... 2,831 3,943 Eurofins Scientific SE............................. 1,520 390,496 European Aeronautic Defence and Space Co. NV....... 24,049 1,281,333 Eutelsat Communications SA......................... 20,045 688,615 Exel Industries Class A............................ 289 15,019 Faiveley Transport SA.............................. 1,094 66,364 Faurecia........................................... 25,241 1,013,839 Fimalac............................................ 1,023 80,631 Fleury Michon SA................................... 371 21,094 * GameLoft SE........................................ 6,023 20,062 GDF Suez........................................... 218,491 4,845,776 GL Events.......................................... 2,371 44,162 Groupe Crit........................................ 1,156 50,722 Groupe Eurotunnel SE............................... 107,558 1,444,149 Groupe Flo......................................... 1,396 3,481 * Groupe Fnac........................................ 900 45,141 Groupe Gorge....................................... 566 13,263 Guerbet............................................ 1,590 59,088 Haulotte Group SA.................................. 4,396 65,235 Hermes International............................... 651 220,930 * Hi-Media SA........................................ 22,466 58,389 Iliad SA........................................... 1,366 317,276 1449 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Imerys SA.......................................... 7,453 $ 538,145 # Ingenico........................................... 6,092 636,874 Interparfums SA.................................... 1,960 57,848 Ipsen SA........................................... 3,514 178,843 IPSOS.............................................. 7,996 208,346 Jacquet Metal Service.............................. 5,045 87,996 JCDecaux SA........................................ 8,578 308,642 Kering............................................. 4,925 993,684 Korian-Medica...................................... 8,980 339,606 L'Oreal SA......................................... 3,377 603,822 Lafarge SA......................................... 25,334 1,735,776 Lafarge SA Sponsored ADR........................... 1,300 22,178 Lagardere SCA...................................... 30,007 820,722 Laurent-Perrier.................................... 664 52,488 * Le Noble Age....................................... 246 5,540 Lectra............................................. 1,700 19,123 Legrand SA......................................... 13,732 736,106 LISI............................................... 4,325 107,412 LVMH Moet Hennessy Louis Vuitton SA................ 10,748 1,728,540 Maisons France Confort SA.......................... 535 18,521 * Manitou BF SA...................................... 2,706 39,726 Manutan International.............................. 734 33,165 Mersen............................................. 3,857 91,114 * METabolic EXplorer SA.............................. 4,118 26,484 Metropole Television SA............................ 10,628 194,318 MGI Coutier........................................ 4,240 64,424 Montupet........................................... 2,642 209,664 Natixis SA......................................... 123,000 782,277 # Naturex............................................ 1,515 79,273 Neopost SA......................................... 14,136 733,443 * Nexans SA.......................................... 10,399 327,524 Nexity SA.......................................... 4,733 186,365 NextRadioTV........................................ 290 8,377 Norbert Dentressangle SA........................... 1,087 160,374 * NRJ Group.......................................... 4,409 33,034 Orange SA(5176177)................................. 252,114 4,435,460 Orange SA(684060106)............................... 26,020 457,432 Orpea.............................................. 6,169 401,026 * Parrot SA.......................................... 1,599 34,297 Pernod-Ricard SA................................... 5,485 657,694 * Peugeot SA......................................... 84,084 1,212,021 * Pierre & Vacances SA............................... 1,648 47,023 Plastic Omnium SA.................................. 22,695 651,564 Publicis Groupe SA................................. 8,193 612,159 Publicis Groupe SA ADR............................. 1,600 30,160 Rallye SA.......................................... 8,358 313,395 * Recylex SA......................................... 5,815 12,511 Renault SA......................................... 24,806 1,895,832 Rexel SA........................................... 51,583 963,762 Rubis SCA.......................................... 7,708 447,024 Safran SA.......................................... 13,595 905,425 Saft Groupe SA..................................... 8,063 257,188 Sanofi............................................. 34,882 3,214,023 1450 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Sanofi ADR......................................... 39,660 $1,827,929 Sartorius Stedim Biotech........................... 779 151,638 Schneider Electric SE(4834108)..................... 30,730 2,310,028 Schneider Electric SE(B11BPS1)..................... 1,444 108,509 SCOR SE............................................ 40,715 1,267,455 SEB SA............................................. 5,582 381,990 Seche Environnement SA............................. 824 19,437 * Sequana SA......................................... 7,137 20,595 SES SA............................................. 19,167 698,221 Societe BIC SA..................................... 3,399 483,286 Societe d'Edition de Canal +....................... 14,642 98,629 Societe Generale SA................................ 48,274 1,938,506 Societe Internationale de Plantations d'Heveas SA.. 245 8,982 Societe Television Francaise 1..................... 27,609 434,617 Sodexo SA.......................................... 4,695 465,812 #* SOITEC............................................. 64,268 63,773 * Solocal Group...................................... 131,842 110,665 Somfy SA........................................... 158 40,108 Sopra Steria Group................................. 3,733 290,648 Stallergenes SA.................................... 398 23,686 * Ste Industrielle d'Aviation Latecoere SA........... 1,049 13,371 Stef SA............................................ 1,461 84,208 # STMicroelectronics NV(2430025)..................... 37,473 311,026 STMicroelectronics NV(5962332)..................... 115,993 963,132 Suez Environnement Co.............................. 35,668 655,661 Sword Group........................................ 1,588 34,977 Synergie SA........................................ 5,958 130,003 * Technicolor SA..................................... 47,505 283,781 Technip SA......................................... 8,789 513,249 Teleperformance.................................... 15,209 1,089,662 Tessi SA........................................... 80 8,103 Thales SA.......................................... 10,191 536,680 * Theolia SA......................................... 18,523 11,512 Total Gabon........................................ 81 27,826 Total SA........................................... 171,917 8,824,596 Total SA Sponsored ADR............................. 85,482 4,403,178 Touax SA........................................... 25 420 Trigano SA......................................... 2,400 71,633 * UBISOFT Entertainment.............................. 39,703 796,972 Valeo SA........................................... 12,678 1,787,619 Vallourec SA....................................... 25,397 551,038 #* Valneva SE......................................... 4,191 19,084 Veolia Environnement SA............................ 39,060 715,545 Veolia Environnement SA ADR........................ 14,066 256,704 Vetoquinol SA...................................... 532 21,024 Vicat.............................................. 1,698 119,252 VIEL & Cie SA...................................... 12,834 29,017 Vilmorin & Cie SA.................................. 1,466 128,985 Vinci SA........................................... 24,668 1,295,913 Virbac SA.......................................... 896 198,886 Vivendi SA......................................... 104,208 2,464,250 Vranken-Pommery Monopole SA........................ 106 2,872 1451 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ FRANCE -- (Continued) Zodiac Aerospace................................... 31,035 $ 1,029,285 ------------ TOTAL FRANCE........................................... 113,459,136 ------------ GERMANY -- (4.8%) Aareal Bank AG..................................... 10,686 404,638 Adidas AG.......................................... 9,188 632,201 Adler Modemaerkte AG............................... 2,793 40,404 * ADVA Optical Networking SE......................... 17,734 58,620 #* Air Berlin P.L.C................................... 7,620 9,382 #* Aixtron SE......................................... 16,599 131,272 Allgeier SE........................................ 1,637 28,190 Allianz SE......................................... 20,893 3,445,074 Allianz SE ADR..................................... 41,455 684,007 Amadeus Fire AG.................................... 675 50,215 Aurubis AG......................................... 8,911 483,095 Axel Springer SE................................... 9,141 562,085 BASF SE............................................ 42,091 3,764,519 BASF SE Sponsored ADR.............................. 1,000 89,560 * Bauer AG........................................... 2,897 53,005 Bayer AG........................................... 22,361 3,220,684 Bayer AG Sponsored ADR............................. 200 28,696 Bayerische Motoren Werke AG........................ 39,698 4,616,504 BayWa AG........................................... 4,099 161,234 Bechtle AG......................................... 3,005 253,943 Beiersdorf AG...................................... 4,330 380,049 Bertrandt AG....................................... 886 116,453 Bijou Brigitte AG.................................. 921 55,488 Bilfinger SE....................................... 9,560 499,445 Biotest AG......................................... 673 74,790 Borussia Dortmund GmbH & Co. KGaA.................. 28,117 126,656 Brenntag AG........................................ 27,624 1,503,717 CANCOM SE.......................................... 3,759 160,781 Carl Zeiss Meditec AG.............................. 4,660 122,919 Celesio AG......................................... 20,896 619,008 CENIT AG........................................... 767 10,384 CENTROTEC Sustainable AG........................... 4,859 72,482 Cewe Stiftung & Co. KGAA........................... 2,229 130,660 Comdirect Bank AG.................................. 12,756 126,751 * Commerzbank AG..................................... 138,710 1,663,034 CompuGroup Medical AG.............................. 4,683 121,130 * Constantin Medien AG............................... 444 646 Continental AG..................................... 6,411 1,446,621 CropEnergies AG.................................... 5,648 17,252 CTS Eventim AG & Co. KGaA.......................... 7,306 208,970 Daimler AG......................................... 86,917 7,871,619 Delticom AG........................................ 860 16,557 # Deutsche Bank AG................................... 68,843 1,995,070 Deutsche Boerse AG................................. 9,069 695,419 Deutsche Lufthansa AG.............................. 73,029 1,235,209 Deutsche Post AG................................... 38,018 1,230,380 Deutsche Telekom AG................................ 235,891 4,066,310 Deutsche Telekom AG Sponsored ADR.................. 104,159 1,791,535 Deutsche Wohnen AG................................. 36,147 938,960 1452 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Deutz AG........................................... 33,328 $ 153,638 * Dialog Semiconductor P.L.C......................... 10,130 387,420 DMG Mori Seiki AG.................................. 13,507 442,429 Dr Hoenle AG....................................... 518 10,514 Draegerwerk AG & Co. KGaA.......................... 666 53,316 Drillisch AG....................................... 9,662 374,324 Duerr AG........................................... 5,414 492,735 E.ON SE............................................ 129,743 2,008,413 E.ON SE Sponsored ADR.............................. 3,600 55,296 Eckert & Ziegler AG................................ 831 19,722 Elmos Semiconductor AG............................. 4,775 94,458 ElringKlinger AG................................... 9,580 333,798 * Euromicron AG...................................... 1,356 17,340 #* Evotec AG.......................................... 17,286 71,321 Fielmann AG........................................ 2,654 180,399 * First Sensor AG.................................... 945 10,168 Francotyp-Postalia Holding AG Class A.............. 3,372 15,991 Fraport AG Frankfurt Airport Services Worldwide.... 10,309 629,907 Freenet AG......................................... 32,223 959,453 Fresenius Medical Care AG & Co. KGaA............... 21,771 1,613,519 Fresenius Medical Care AG & Co. KGaA ADR........... 4,200 155,778 Fresenius SE & Co. KGaA............................ 65,014 3,721,188 Fuchs Petrolub SE.................................. 3,474 131,195 * GAGFAH SA.......................................... 11,791 262,746 GEA Group AG....................................... 24,850 1,123,228 Gerresheimer AG.................................... 11,440 623,699 Gerry Weber International AG....................... 3,886 149,721 Gesco AG........................................... 578 45,322 GFK SE............................................. 3,236 128,844 GFT Technologies AG................................ 4,170 64,042 Grammer AG......................................... 6,110 242,988 Grenkeleasing AG................................... 1,850 198,050 * H&R AG............................................. 1,360 10,329 Hamburger Hafen und Logistik AG.................... 7,636 156,882 Hannover Rueck SE.................................. 7,964 713,792 Hawesko Holding AG................................. 204 9,201 HeidelbergCement AG................................ 18,043 1,326,867 #* Heidelberger Druckmaschinen AG..................... 86,880 203,954 Henkel AG & Co. KGaA............................... 4,339 443,976 Highlight Communications AG........................ 2,399 9,203 Hochtief AG........................................ 9,333 649,068 Homag Group AG..................................... 1,874 73,140 Hugo Boss AG....................................... 4,252 548,975 Indus Holding AG................................... 5,695 248,408 Infineon Technologies AG........................... 60,551 678,585 Infineon Technologies AG ADR....................... 51,213 578,195 Init Innovation In Traffic Systems AG.............. 1,003 25,233 Isra Vision AG..................................... 1,285 79,022 Jenoptik AG........................................ 12,205 163,306 * Joyou AG........................................... 604 8,360 K+S AG............................................. 32,156 1,015,268 * Kloeckner & Co. SE................................. 32,042 330,142 * Koenig & Bauer AG.................................. 1,185 15,660 1453 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) * Kontron AG......................................... 18,410 $ 108,840 Krones AG.......................................... 4,409 417,414 KSB AG............................................. 38 19,365 KUKA AG............................................ 6,263 423,398 KWS Saat AG........................................ 238 72,730 Lanxess AG......................................... 26,536 1,271,952 Leifheit AG........................................ 163 8,924 Leoni AG........................................... 11,807 736,591 Linde AG........................................... 15,298 2,930,643 # LPKF Laser & Electronics AG........................ 6,371 70,273 MAN SE............................................. 4,361 464,943 #* Manz AG............................................ 880 63,030 Merck KGaA......................................... 4,695 469,108 * Metro AG........................................... 22,125 680,819 MLP AG............................................. 11,364 45,067 MTU Aero Engines AG................................ 13,069 1,195,640 Muenchener Rueckversicherungs-Gesellschaft AG...... 11,831 2,371,898 MVV Energie AG..................................... 1,519 42,018 Nemetschek AG...................................... 902 94,151 Nexus AG........................................... 982 14,220 * Nordex SE.......................................... 13,855 267,405 Norma Group SE..................................... 5,589 277,149 OHB AG............................................. 1,700 40,677 * Osram Licht AG..................................... 19,735 907,187 * Patrizia Immobilien AG............................. 14,182 248,681 Pfeiffer Vacuum Technology AG...................... 941 84,503 PNE Wind AG........................................ 19,757 49,215 Puma SE............................................ 820 156,070 * PVA TePla AG....................................... 1,103 1,858 * QIAGEN NV.......................................... 41,170 941,935 # QSC AG............................................. 23,436 46,525 R Stahl AG......................................... 845 40,621 Rational AG........................................ 425 139,874 Rheinmetall AG..................................... 11,388 492,799 Rhoen Klinikum AG.................................. 12,950 343,090 RWE AG............................................. 106,628 2,957,798 SAF-Holland SA..................................... 19,185 283,314 Salzgitter AG...................................... 13,209 360,088 SAP SE............................................. 11,432 746,141 SAP SE Sponsored ADR............................... 9,200 601,312 Schaltbau Holding AG............................... 754 38,746 * SGL Carbon SE...................................... 7,540 119,714 SHW AG............................................. 718 35,431 Siemens AG......................................... 16,331 1,725,156 Sixt SE............................................ 4,792 185,681 * SKW Stahl-Metallurgie Holding AG................... 2,207 11,316 #* SMA Solar Technology AG............................ 2,799 34,027 SMT Scharf AG...................................... 1,160 18,634 Software AG........................................ 14,399 381,098 Stada Arzneimittel AG.............................. 16,248 503,788 STRATEC Biomedical AG.............................. 978 52,694 Stroeer Media SE................................... 4,716 137,267 # Suedzucker AG...................................... 17,539 220,539 1454 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) Surteco SE......................................... 316 $ 8,744 * Suss Microtec AG................................... 5,324 27,977 Symrise AG......................................... 8,944 585,411 TAG Immobilien AG.................................. 31,339 407,071 Takkt AG........................................... 7,464 127,089 * Talanx AG.......................................... 306 9,320 Telefonica Deutschland Holding AG.................. 126,292 700,640 * ThyssenKrupp AG.................................... 47,834 1,242,663 * Tom Tailor Holding AG.............................. 3,636 44,643 Tomorrow Focus AG.................................. 3,932 16,626 United Internet AG................................. 14,895 645,254 Volkswagen AG...................................... 3,216 714,036 Vossloh AG......................................... 1,614 103,342 VTG AG............................................. 2,923 70,166 Wacker Chemie AG................................... 4,970 532,158 Wacker Neuson SE................................... 8,715 176,518 Washtec AG......................................... 1,256 21,295 Wincor Nixdorf AG.................................. 5,803 265,935 Wirecard AG........................................ 2,459 109,915 XING AG............................................ 444 54,211 Zeal Network SE.................................... 1,644 69,235 ----------- TOTAL GERMANY.......................................... 97,957,757 ----------- GREECE -- (0.1%) Aegean Airlines SA................................. 4,941 38,242 * Alpha Bank AE...................................... 118,200 43,185 Athens Water Supply & Sewage Co. SA (The).......... 6,973 45,631 * Bank of Cyprus Pcl................................. 1 -- Bank of Greece..................................... 2,794 30,528 * Ellaktor SA........................................ 21,206 40,617 FF Group........................................... 3,954 118,147 * Fourlis Holdings SA................................ 8,683 27,278 * Frigoglass SA...................................... 9,752 18,014 * GEK Terna Holding Real Estate Construction SA...... 10,261 20,302 Hellenic Exchanges - Athens Stock Exchange SA Holding.......................................... 22,290 119,544 Hellenic Petroleum SA.............................. 23,349 99,261 * Hellenic Telecommunications Organization SA........ 24,316 200,517 * Intralot SA-Integrated Lottery Systems & Services.. 32,611 48,208 JUMBO SA........................................... 22,397 212,808 * Marfin Investment Group Holdings SA................ 175,597 31,253 Metka SA........................................... 9,244 93,814 Motor Oil Hellas Corinth Refineries SA............. 13,959 94,628 * Mytilineos Holdings SA............................. 18,198 103,266 * National Bank of Greece SA......................... 36,712 37,543 OPAP SA............................................ 17,826 150,650 * Piraeus Bank SA.................................... 57,460 33,432 Piraeus Port Authority SA.......................... 2,736 30,519 * Public Power Corp. SA.............................. 13,423 72,979 Terna Energy SA.................................... 9,557 23,016 1455 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- GREECE -- (Continued) Titan Cement Co. SA................................ 10,553 $ 235,617 ---------- TOTAL GREECE........................................... 1,968,999 ---------- HONG KONG -- (2.3%) AIA Group, Ltd..................................... 502,800 2,915,498 Allied Group, Ltd.................................. 4,000 16,994 Allied Properties HK, Ltd.......................... 482,068 95,726 * Apac Resources, Ltd................................ 71,168 1,033 APT Satellite Holdings, Ltd........................ 107,500 146,210 Asia Satellite Telecommunications Holdings, Ltd.... 39,000 135,563 # Asia Standard International Group, Ltd............. 80,000 18,783 ASM Pacific Technology, Ltd........................ 29,100 262,878 Associated International Hotels, Ltd............... 38,000 114,439 Aupu Group Holding Co., Ltd........................ 80,000 15,739 Bank of East Asia, Ltd............................. 210,393 874,207 BOC Hong Kong Holdings, Ltd........................ 334,500 1,172,485 # Bonjour Holdings, Ltd.............................. 253,000 22,848 #* Brightoil Petroleum Holdings, Ltd.................. 609,000 147,927 * Brockman Mining, Ltd............................... 896,780 33,422 * Burwill Holdings, Ltd.............................. 1,022,000 44,025 Cafe de Coral Holdings, Ltd........................ 58,000 213,502 Cathay Pacific Airways, Ltd........................ 268,000 623,203 Chen Hsong Holdings................................ 66,000 17,613 Cheuk Nang Holdings, Ltd........................... 20,966 19,034 Cheung Kong Holdings, Ltd.......................... 105,000 2,003,691 Cheung Kong Infrastructure Holdings, Ltd........... 49,000 402,156 Chevalier International Holdings, Ltd.............. 32,000 54,921 * China Daye Non-Ferrous Metals Mining, Ltd.......... 760,163 13,744 #* China Dynamics Holdings, Ltd....................... 1,050,000 78,236 # China Electronics Corp. Holdings Co., Ltd.......... 320,000 73,728 * China Energy Development Holdings, Ltd............. 2,604,000 49,494 China Metal International Holdings, Inc............ 190,000 61,343 * China Star Entertainment, Ltd...................... 1,350,000 21,478 Chinese Estates Holdings, Ltd...................... 6,500 20,903 Chow Sang Sang Holdings International, Ltd......... 115,000 304,783 # Chow Tai Fook Jewellery Group, Ltd................. 114,000 150,845 Chu Kong Shipping Enterprise Group Co., Ltd........ 58,000 15,379 Chuang's Consortium International, Ltd............. 240,000 29,751 CITIC Telecom International Holdings, Ltd.......... 497,000 153,600 CK Life Sciences International Holdings, Inc....... 908,000 92,399 CLP Holdings, Ltd.................................. 34,500 308,446 * CP Lotus Corp...................................... 80,000 1,743 Cross-Harbour Holdings, Ltd. (The)................. 40,000 43,834 CSI Properties, Ltd................................ 579,674 22,342 Cw Group Holdings, Ltd............................. 80,000 21,711 Dah Sing Banking Group, Ltd........................ 111,596 186,179 Dah Sing Financial Holdings, Ltd................... 54,700 314,948 * Dan Form Holdings Co., Ltd......................... 99,000 15,818 Dickson Concepts International, Ltd................ 1,000 470 Dorsett Hospitality International, Ltd............. 146,000 24,103 Emperor Capital Group, Ltd......................... 126,000 12,416 Emperor Entertainment Hotel, Ltd................... 215,000 50,703 Emperor International Holdings, Ltd................ 325,333 73,725 1456 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) Emperor Watch & Jewellery, Ltd..................... 790,000 $ 34,018 * EPI Holdings, Ltd.................................. 2,080,000 34,088 Esprit Holdings, Ltd............................... 531,582 600,996 * eSun Holdings, Ltd................................. 110,000 10,079 Fairwood Holdings, Ltd............................. 21,000 52,485 # Far East Consortium International, Ltd............. 258,682 101,086 * FIH Mobile, Ltd.................................... 685,000 304,721 First Pacific Co., Ltd............................. 686,400 696,521 Fountain SET Holdings, Ltd......................... 132,000 13,742 * Fullshare Holdings, Ltd............................ 1,492,500 102,271 # Future Bright Holdings, Ltd........................ 150,000 38,937 * G-Resources Group, Ltd............................. 6,640,800 188,421 Galaxy Entertainment Group, Ltd.................... 68,000 354,742 * GCL New Energy Holdings, Ltd....................... 480,000 56,123 Get Nice Holdings, Ltd............................. 1,122,000 51,160 # Giordano International, Ltd........................ 474,000 224,284 * Global Brands Group Holding, Ltd................... 334,000 62,928 Glorious Sun Enterprises, Ltd...................... 170,000 37,037 Gold Peak Industries Holding, Ltd.................. 262,000 29,050 # Haitong International Securities Group, Ltd........ 167,000 105,199 Hang Lung Group, Ltd............................... 71,000 338,579 Hang Lung Properties, Ltd.......................... 179,000 524,013 Hang Seng Bank, Ltd................................ 52,500 918,161 # Harbour Centre Development, Ltd.................... 21,000 38,364 Henderson Land Development Co., Ltd................ 155,397 1,112,796 HKR International, Ltd............................. 296,000 152,047 Hon Kwok Land Investment Co., Ltd.................. 20,000 6,616 Hong Kong & China Gas Co., Ltd..................... 221,374 507,508 Hong Kong Aircraft Engineering Co., Ltd............ 5,200 57,461 Hong Kong Exchanges and Clearing, Ltd.............. 43,219 994,692 * Hong Kong Television Network, Ltd. ADR............. 3,847 32,969 Hongkong & Shanghai Hotels (The)................... 77,307 110,598 Hongkong Chinese, Ltd.............................. 184,495 32,344 Hopewell Holdings, Ltd............................. 123,500 462,830 Hung Hing Printing Group, Ltd...................... 92,000 12,455 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 535,000 244,743 Hutchison Whampoa, Ltd............................. 140,000 1,852,783 Hysan Development Co., Ltd......................... 85,000 411,914 * I-CABLE Communications, Ltd........................ 374,000 33,667 #* Imagi International Holdings, Ltd.................. 2,464,000 53,669 * International Standard Resources Holdings, Ltd..... 550,000 26,273 * IRC, Ltd........................................... 166,000 10,111 IT, Ltd............................................ 128,000 32,804 Johnson Electric Holdings, Ltd..................... 129,125 469,749 K Wah International Holdings, Ltd.................. 348,926 188,259 Kerry Logistics Network, Ltd....................... 53,250 81,219 Kerry Properties, Ltd.............................. 181,000 643,065 * King Stone Energy Group, Ltd....................... 324,000 8,012 Kingmaker Footwear Holdings, Ltd................... 186,000 31,146 Kingston Financial Group, Ltd...................... 1,169,000 134,149 Kowloon Development Co., Ltd....................... 124,000 144,675 L'Occitane International SA........................ 97,750 246,677 Lai Sun Development Co., Ltd....................... 3,134,000 70,121 1457 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) Lee's Pharmaceutical Holdings, Ltd................. 20,000 $ 30,084 Lerado Group Holding Co., Ltd...................... 84,000 5,743 Li & Fung, Ltd..................................... 334,000 329,676 Lifestyle International Holdings, Ltd.............. 183,500 361,109 Lippo China Resources, Ltd......................... 794,000 27,056 # Liu Chong Hing Investment, Ltd..................... 60,000 73,997 Luk Fook Holdings International, Ltd............... 134,000 499,854 Lung Kee Bermuda Holdings.......................... 40,000 11,180 Magnificent Estates................................ 500,000 21,883 Man Wah Holdings, Ltd.............................. 255,200 217,584 * Mei Ah Entertainment Group, Ltd.................... 440,000 30,567 # Melco Crown Entertainment, Ltd..................... 3,900 31,282 Melco Crown Entertainment, Ltd. ADR................ 11,953 286,872 # Melco International Development, Ltd............... 144,000 287,083 MGM China Holdings, Ltd............................ 55,600 135,246 #* Midland Holdings, Ltd.............................. 166,666 84,049 * Ming Fung Jewellery Group, Ltd..................... 1,155,000 11,116 Miramar Hotel & Investment......................... 9,000 11,404 * Mongolian Mining Corp.............................. 275,000 10,874 MTR Corp., Ltd..................................... 94,930 420,543 NagaCorp, Ltd...................................... 490,000 384,268 National Electronic Hldgs.......................... 28,000 3,636 Natural Beauty Bio-Technology, Ltd................. 100,000 9,687 * Neo-Neon Holdings, Ltd............................. 136,500 21,233 * Neptune Group, Ltd................................. 1,010,000 15,587 New World Development Co., Ltd..................... 819,710 979,408 # Newocean Energy Holdings, Ltd...................... 358,000 131,677 Next Media, Ltd.................................... 124,000 10,986 NWS Holdings, Ltd.................................. 197,108 364,805 * Orange Sky Golden Harvest Entertainment Holdings, Ltd.............................................. 675,000 41,782 Orient Overseas International, Ltd................. 66,000 430,120 Oriental Watch Holdings............................ 96,400 17,128 Pacific Andes International Holdings, Ltd.......... 1,128,607 38,633 Pacific Basin Shipping, Ltd........................ 517,000 190,649 Pacific Textile Holdings, Ltd...................... 198,000 273,179 Paliburg Holdings, Ltd............................. 52,000 17,362 # Paradise Entertainment, Ltd........................ 132,000 45,022 PCCW, Ltd.......................................... 914,511 604,303 * Pearl Oriental Oil, Ltd............................ 389,000 8,492 Perfect Shape PRC Holdings, Ltd.................... 88,000 24,086 # Pico Far East Holdings, Ltd........................ 314,000 70,462 Playmates Holdings, Ltd............................ 24,000 23,315 Playmates Toys, Ltd................................ 332,000 70,259 * PME Group, Ltd..................................... 430,000 10,341 Polytec Asset Holdings, Ltd........................ 255,000 34,445 Power Assets Holdings, Ltd......................... 53,000 552,974 # Prada SpA.......................................... 31,100 182,396 Public Financial Holdings, Ltd..................... 72,000 34,362 PYI Corp., Ltd..................................... 766,000 15,975 Regal Hotels International Holdings, Ltd........... 164,000 101,892 * Richfield Group Holdings, Ltd...................... 280,000 10,635 * Rising Development Holdings, Ltd................... 94,000 14,543 # SA SA International Holdings, Ltd.................. 244,000 157,307 1458 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) Samsonite International SA......................... 238,200 $ 722,908 Sands China, Ltd................................... 66,000 320,466 SAS Dragon Hldg, Ltd............................... 216,000 46,373 SEA Holdings, Ltd.................................. 90,000 60,392 Shangri-La Asia, Ltd............................... 325,166 421,269 Shenyin Wanguo HK, Ltd............................. 112,500 87,519 * Shougang Concord Technology Holdings............... 272,000 9,085 Shun Tak Holdings, Ltd............................. 581,499 265,741 * Silver base Group Holdings, Ltd.................... 162,546 20,515 Simsen International Corp., Ltd.................... 89,000 19,632 Singamas Container Holdings, Ltd................... 404,000 65,050 Sino Land Co., Ltd................................. 415,820 697,515 Sitoy Group Holdings, Ltd.......................... 105,000 69,030 SJM Holdings, Ltd.................................. 199,301 291,068 SmarTone Telecommunications Holdings, Ltd.......... 152,586 267,527 * SOCAM Development, Ltd............................. 44,444 40,387 * South China China, Ltd............................. 464,000 47,104 Stella International Holdings, Ltd................. 65,500 171,198 Stelux Holdings International, Ltd................. 43,000 10,544 Sun Hung Kai & Co., Ltd............................ 218,529 195,937 Sun Hung Kai Properties, Ltd....................... 130,588 2,121,611 Swire Pacific, Ltd. Class A........................ 39,500 528,967 Swire Pacific, Ltd. Class B........................ 27,500 67,181 Swire Properties, Ltd.............................. 39,800 128,543 * Symphony Holdings, Ltd............................. 700,000 56,072 TAI Cheung Holdings, Ltd........................... 21,000 17,444 Tai Sang Land Development, Ltd..................... 20,710 10,431 Tan Chong International, Ltd....................... 24,000 7,975 Tao Heung Holdings, Ltd............................ 2,000 891 * Taung Gold International, Ltd...................... 500,000 10,854 Techtronic Industries Co., Ltd..................... 312,500 1,020,552 Television Broadcasts, Ltd......................... 83,700 520,090 Texwinca Holdings, Ltd............................. 224,000 184,530 * Titan Petrochemicals Group, Ltd.................... 380,000 123 Tradelink Electronic Commerce, Ltd................. 144,000 32,242 Transport International Holdings, Ltd.............. 46,800 115,399 # Trinity, Ltd....................................... 274,000 53,351 * TSC Group Holdings, Ltd............................ 199,000 50,085 #* United Laboratories International Holdings, Ltd. (The)............................................ 168,500 82,561 Value Partners Group, Ltd.......................... 249,000 211,593 Vanke Property Overseas, Ltd....................... 2,000 1,660 Varitronix International, Ltd...................... 113,000 77,021 Victory City International Holdings, Ltd........... 422,512 60,158 Vitasoy International Holdings, Ltd................ 140,000 194,133 VST Holdings, Ltd.................................. 291,600 93,232 # VTech Holdings, Ltd................................ 28,900 406,074 Wharf Holdings, Ltd. (The)......................... 133,000 1,081,739 Wheelock & Co., Ltd................................ 117,000 663,466 Wing On Co. International, Ltd..................... 32,000 101,458 Wing Tai Properties, Ltd........................... 102,000 64,796 # Wynn Macau, Ltd.................................... 86,000 237,597 Xinyi Glass Holdings, Ltd.......................... 760,000 400,733 # Xinyi Solar Holdings, Ltd.......................... 370,000 102,108 1459 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- HONG KONG -- (Continued) YGM Trading, Ltd................................... 20,000 $ 35,321 Yue Yuen Industrial Holdings, Ltd.................. 203,500 763,799 ----------- TOTAL HONG KONG........................................ 45,687,576 ----------- HUNGARY -- (0.0%) * FHB Mortgage Bank P.L.C............................ 6,244 15,769 * Magyar Telekom Telecommunications P.L.C............ 53,358 69,229 * Magyar Telekom Telecommunications P.L.C. Sponsored ADR.............................................. 4,178 27,115 MOL Hungarian Oil and Gas P.L.C.................... 2,028 81,165 OTP Bank P.L.C..................................... 26,482 351,156 Richter Gedeon Nyrt................................ 12,105 164,256 ----------- TOTAL HUNGARY.......................................... 708,690 ----------- INDIA -- (2.3%) Aarti Industries................................... 7,537 34,592 Aban Offshore, Ltd................................. 7,592 57,429 ABB India, Ltd..................................... 3,501 72,294 * ABG Shipyard, Ltd.................................. 7,485 24,727 ACC, Ltd........................................... 6,260 157,733 Adani Enterprises, Ltd............................. 48,713 501,919 Adani Ports & Special Economic Zone, Ltd........... 15,220 83,129 * Adani Power, Ltd................................... 133,476 111,655 Aditya Birla Nuvo, Ltd............................. 14,095 409,655 Ahmednagar Forgings, Ltd........................... 7,876 40,944 AIA Engineering, Ltd............................... 2,920 53,460 Ajanta Pharma, Ltd................................. 1,370 56,542 Akzo Nobel India, Ltd.............................. 399 9,623 Alembic Pharmaceuticals, Ltd....................... 9,657 72,847 Allahabad Bank..................................... 40,781 75,973 Allcargo Logistics, Ltd............................ 986 5,224 Alok Industries, Ltd............................... 90,000 14,507 Alstom India, Ltd.................................. 5,412 61,060 Alstom T&D India, Ltd.............................. 2,769 21,103 Amara Raja Batteries, Ltd.......................... 11,770 162,449 Ambuja Cements, Ltd................................ 129,561 527,541 Amtek Auto, Ltd.................................... 23,305 64,942 Amtek India, Ltd................................... 15,574 16,780 Anant Raj, Ltd..................................... 27,862 22,528 * Andhra Bank........................................ 42,383 62,585 Apollo Hospitals Enterprise, Ltd................... 11,454 241,787 Apollo Tyres, Ltd.................................. 84,572 329,308 Arvind, Ltd........................................ 42,552 198,445 * Ashok Leyland, Ltd................................. 214,086 226,826 Asian Paints, Ltd.................................. 15,640 216,402 Atul, Ltd.......................................... 3,454 71,788 Aurobindo Pharma, Ltd.............................. 57,865 1,165,862 Axis Bank, Ltd..................................... 95,600 905,072 Bajaj Auto, Ltd.................................... 3,566 137,326 Bajaj Corp., Ltd................................... 2,421 16,192 Bajaj Electricals, Ltd............................. 4,500 16,889 Bajaj Finance, Ltd................................. 2,807 182,998 Bajaj Finserv, Ltd................................. 7,080 165,426 1460 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- INDIA -- (Continued) * Bajaj Hindusthan, Ltd.............................. 80,199 $ 24,599 Bajaj Holdings & Investment, Ltd................... 7,265 165,424 Balkrishna Industries, Ltd......................... 7,548 79,001 Ballarpur Industries, Ltd.......................... 70,689 17,971 Balmer Lawrie & Co., Ltd........................... 2,289 21,650 * Balrampur Chini Mills, Ltd......................... 21,074 20,772 Bank of Baroda..................................... 52,985 164,012 Bank of India...................................... 31,444 134,383 Bank Of Maharashtra................................ 32,893 22,100 BASF India, Ltd.................................... 998 19,912 Bata India, Ltd.................................... 6,548 149,895 BEML, Ltd.......................................... 7,419 107,744 Berger Paints India, Ltd........................... 53,120 197,522 BGR Energy Systems, Ltd............................ 2,982 7,488 Bharat Electronics, Ltd............................ 3,237 173,677 Bharat Forge, Ltd.................................. 14,420 239,973 Bharat Heavy Electricals, Ltd...................... 70,234 329,888 Bharat Petroleum Corp., Ltd........................ 21,693 262,207 Bharti Airtel, Ltd................................. 41,564 250,558 Bhushan Steel, Ltd................................. 16,410 22,283 Biocon, Ltd........................................ 8,934 59,814 Birla Corp., Ltd................................... 4,033 34,476 Blue Dart Express, Ltd............................. 403 44,372 Blue Star, Ltd..................................... 2,257 12,247 Bombay Dyeing & Manufacturing Co., Ltd............. 20,078 26,241 Bosch, Ltd......................................... 584 224,921 Britannia Industries, Ltd.......................... 2,752 84,053 Cadila Healthcare, Ltd............................. 8,226 217,855 Cairn India, Ltd................................... 77,169 290,292 Canara Bank........................................ 23,955 170,439 Carborundum Universal, Ltd......................... 4,300 12,313 CCL Products India, Ltd............................ 13,096 40,103 Ceat, Ltd.......................................... 5,348 70,701 * Central Bank Of India.............................. 53,793 90,634 Century Plyboards India, Ltd....................... 6,288 18,698 Century Textiles & Industries, Ltd................. 13,610 125,664 CESC, Ltd.......................................... 16,500 193,426 Chambal Fertilizers & Chemicals, Ltd............... 50,908 49,715 * Chennai Petroleum Corp., Ltd....................... 11,326 14,161 Cipla, Ltd......................................... 25,875 290,637 City Union Bank, Ltd............................... 51,975 78,092 Clariant Chemicals India, Ltd...................... 2,514 36,787 CMC, Ltd........................................... 1,382 41,852 Colgate-Palmolive India, Ltd....................... 3,054 92,442 Container Corp. Of India, Ltd...................... 9,341 211,593 Coromandel International, Ltd...................... 20,716 96,810 Corp. Bank......................................... 47,980 54,039 Cox & Kings, Ltd................................... 18,586 90,848 Crompton Greaves, Ltd.............................. 63,284 193,261 Cummins India, Ltd................................. 9,452 135,705 Dabur India, Ltd................................... 30,848 127,631 * DB Realty, Ltd..................................... 17,964 26,449 * DCB Bank, Ltd...................................... 51,948 98,878 1461 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Deepak Fertilisers & Petrochemicals Corp., Ltd..... 3,118 $ 7,135 * DEN Networks, Ltd.................................. 8,119 14,220 Dena Bank.......................................... 33,183 30,530 Dewan Housing Finance Corp., Ltd................... 8,991 68,379 * Dish TV India, Ltd................................. 44,632 56,945 Divi's Laboratories, Ltd........................... 4,590 129,544 DLF, Ltd........................................... 81,350 223,359 Dr. Reddy's Laboratories, Ltd. ADR................. 5,899 297,723 eClerx Services, Ltd............................... 1,581 32,896 Eicher Motors, Ltd................................. 2,071 541,980 * EID Parry India, Ltd............................... 10,009 31,355 EIH, Ltd........................................... 28,044 51,675 Emami, Ltd......................................... 956 14,144 Engineers India, Ltd............................... 19,629 68,620 * Eros International Media, Ltd...................... 3,271 19,077 Escorts, Ltd....................................... 9,996 20,735 * Essar Oil, Ltd..................................... 61,934 111,161 Essar Ports, Ltd................................... 164 287 Essel Propack, Ltd................................. 7,352 14,254 Exide Industries, Ltd.............................. 63,662 190,794 FDC, Ltd........................................... 3,431 9,091 Federal Bank, Ltd.................................. 157,874 359,672 Financial Technologies India, Ltd.................. 3,882 12,624 Finolex Cables, Ltd................................ 13,626 55,393 Finolex Industries, Ltd............................ 15,310 71,126 * Firstsource Solutions, Ltd......................... 38,130 17,473 * Fortis Healthcare, Ltd............................. 16,585 30,698 * Future Consumer Enterprise, Ltd.................... 100,564 21,620 Future Lifestyle Fashions, Ltd..................... 2,977 3,472 Future Retail, Ltd................................. 8,932 17,010 GAIL India, Ltd.................................... 43,856 299,815 Gateway Distriparks, Ltd........................... 19,428 120,120 * Gitanjali Gems, Ltd................................ 9,642 7,272 Glenmark Pharmaceuticals, Ltd...................... 11,592 134,080 GMR Infrastructure, Ltd............................ 265,747 83,496 Godfrey Phillips India, Ltd........................ 255 2,437 Godrej Consumer Products, Ltd...................... 1,252 21,353 Godrej Industries, Ltd.(B1BFBC9)................... 16,308 81,351 * Godrej Industries, Ltd.().......................... 13 65 Godrej Properties, Ltd............................. 17,152 77,075 Grasim Industries, Ltd............................. 5,183 323,875 Great Eastern Shipping Co., Ltd. (The)............. 17,651 103,130 Greaves Cotton, Ltd................................ 19,528 45,647 Gujarat Alkalies & Chemicals, Ltd.................. 5,058 15,744 Gujarat Fluorochemicals, Ltd....................... 3,905 45,922 * Gujarat Gas Co., Ltd............................... 7,972 84,037 Gujarat Mineral Development Corp., Ltd............. 12,483 24,685 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.............................................. 2,664 3,728 * Gujarat Pipavav Port, Ltd.......................... 10,723 35,592 Gujarat State Fertilisers & Chemicals, Ltd......... 40,083 64,710 Gujarat State Petronet, Ltd........................ 46,094 85,704 * GVK Power & Infrastructure, Ltd.................... 63,703 10,772 * Hathway Cable & Datacom, Ltd....................... 8,515 8,771 1462 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Havells India, Ltd................................. 29,435 $ 122,455 * HCL Infosystems, Ltd............................... 22,200 18,040 HCL Technologies, Ltd.............................. 17,304 500,093 HDFC Bank, Ltd..................................... 51,927 901,205 HDFC Bank, Ltd. ADR................................ 2,000 113,960 * HeidelbergCement India, Ltd........................ 7,778 11,049 Hero MotoCorp, Ltd................................. 3,652 168,832 * Hexa Tradex, Ltd................................... 5,313 2,275 Hexaware Technologies, Ltd......................... 34,366 125,188 * Himachal Futuristic Communications, Ltd............ 241,925 65,528 Hindalco Industries, Ltd........................... 285,390 643,823 * Hindustan Construction Co., Ltd.................... 129,998 72,916 Hindustan Petroleum Corp., Ltd..................... 14,756 157,198 Hindustan Unilever, Ltd............................ 4,577 68,989 Honeywell Automation India, Ltd.................... 710 83,625 * Housing Development & Infrastructure, Ltd.......... 110,205 198,237 HSIL, Ltd.......................................... 19,048 122,275 ICICI Bank, Ltd.................................... 45,800 265,747 ICICI Bank, Ltd. Sponsored ADR..................... 88,280 1,060,243 IDBI Bank, Ltd..................................... 48,368 55,270 Idea Cellular, Ltd................................. 146,697 366,970 IDFC, Ltd.......................................... 142,144 394,710 IFCI, Ltd.......................................... 70,683 42,796 IIFL Holdings, Ltd................................. 56,463 162,834 * India Cements, Ltd. (The).......................... 65,357 113,767 Indian Bank........................................ 21,645 64,560 * Indian Hotels Co., Ltd............................. 66,755 130,270 Indian Oil Corp., Ltd.............................. 11,712 65,545 Indian Overseas Bank............................... 44,957 41,284 Indoco Remedies, Ltd............................... 2,590 13,604 Indraprastha Gas, Ltd.............................. 4,674 34,872 IndusInd Bank, Ltd................................. 51,899 727,036 Infosys, Ltd....................................... 36,379 1,250,385 Infosys, Ltd. Sponsored ADR........................ 5,620 191,530 ING Vysya Bank, Ltd................................ 7,120 105,756 Ingersoll-Rand India, Ltd.......................... 1,721 23,876 * Intellect Design Arena, Ltd........................ 12,479 21,962 Ipca Laboratories, Ltd............................. 5,325 54,695 IRB Infrastructure Developers, Ltd................. 21,395 92,990 ITC, Ltd........................................... 42,124 249,964 Jagran Prakashan, Ltd.............................. 14,570 31,840 Jain Irrigation Systems, Ltd....................... 96,137 108,658 * Jaiprakash Associates, Ltd......................... 294,915 136,302 Jammu & Kashmir Bank, Ltd. (The)................... 73,050 179,847 * Jaypee Infratech, Ltd.............................. 64,208 21,454 Jindal Saw, Ltd.................................... 43,483 56,437 Jindal Steel & Power, Ltd.......................... 54,513 140,174 JK Cement, Ltd..................................... 5,001 56,119 JK Lakshmi Cement, Ltd............................. 4,965 31,119 JK Tyre & Industries, Ltd.......................... 17,615 34,442 JM Financial, Ltd.................................. 45,037 37,817 JSW Energy, Ltd.................................... 118,798 233,513 JSW Steel, Ltd..................................... 32,589 521,136 1463 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) * Jubilant Foodworks, Ltd............................ 3,004 $ 67,035 Jubilant Life Sciences, Ltd........................ 10,260 28,526 Just Dial, Ltd..................................... 1,095 27,497 Jyothy Laboratories, Ltd........................... 3,882 18,200 Kajaria Ceramics, Ltd.............................. 392 4,629 * Kakinada Fertilizers, Ltd.......................... 69,051 2,344 Karnataka Bank, Ltd. (The)......................... 50,080 114,872 Karur Vysya Bank, Ltd. (The)....................... 6,700 64,329 Kaveri Seed Co., Ltd............................... 3,867 45,513 KEC International, Ltd............................. 17,842 27,145 * Kesoram Industries, Ltd............................ 6,410 12,901 Kotak Mahindra Bank, Ltd........................... 27,372 580,780 KPIT Technologies, Ltd............................. 24,990 83,599 Lakshmi Machine Works, Ltd......................... 692 44,335 Lakshmi Vilas Bank, Ltd. (The)..................... 14,735 21,212 * Lanco Infratech, Ltd............................... 138,520 14,277 Larsen & Toubro, Ltd............................... 19,119 524,653 Lupin, Ltd......................................... 12,300 313,680 Maharashtra Seamless, Ltd.......................... 6,338 21,186 Mahindra & Mahindra Financial Services, Ltd........ 38,440 158,071 Mahindra & Mahindra, Ltd........................... 48,494 989,761 Mahindra & Mahindra, Ltd. GDR...................... 12,272 250,563 Mahindra Lifespace Developers, Ltd................. 3,460 28,707 * Mangalore Refinery & Petrochemicals, Ltd........... 46,650 44,608 Maruti Suzuki India, Ltd........................... 7,420 434,703 MAX India, Ltd..................................... 16,870 128,669 McLeod Russel India, Ltd........................... 12,761 42,136 MindTree, Ltd...................................... 15,524 330,911 Monnet Ispat & Energy, Ltd......................... 3,882 3,848 Monsanto India, Ltd................................ 98 5,063 Motherson Sumi Systems, Ltd........................ 29,367 213,658 Motilal Oswal Financial Services, Ltd.............. 6,733 34,521 Mphasis, Ltd....................................... 5,725 33,472 MRF, Ltd........................................... 486 313,659 * Nagarjuna Oil Refinery, Ltd........................ 62,774 3,652 Natco Pharma, Ltd.................................. 2,511 55,755 National Aluminium Co., Ltd........................ 104,971 76,834 Nava Bharat Ventures, Ltd.......................... 1,957 6,099 Navneet Education, Ltd............................. 17,351 30,073 NCC, Ltd........................................... 102,226 124,843 NHPC, Ltd.......................................... 121,665 37,876 NIIT Technologies, Ltd............................. 6,924 39,034 NTPC, Ltd.......................................... 59,529 137,683 Oil & Natural Gas Corp., Ltd....................... 19,773 112,023 Oil India, Ltd..................................... 13,111 112,501 OMAXE, Ltd......................................... 14,260 29,105 * Opto Circuits India, Ltd........................... -- -- Oracle Financial Services Software, Ltd............ 2,808 153,921 Orient Cement, Ltd................................. 9,034 27,668 Oriental Bank of Commerce.......................... 23,491 100,144 Page Industries, Ltd............................... 362 69,119 * Pantaloons Fashions and Retail, Ltd................ -- 1 Peninsula Land, Ltd................................ 10,444 6,317 1464 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Persistent Systems, Ltd............................ 3,816 $103,990 Petronet LNG, Ltd.................................. 34,000 98,507 Pfizer, Ltd........................................ 2,026 66,572 Phoenix Mills, Ltd. (The).......................... 5,631 36,702 PI Industries, Ltd................................. 2,250 18,061 Pidilite Industries, Ltd........................... 11,464 105,004 * Pipavav Defence & Offshore Engineering Co., Ltd.... 25,205 19,953 Polaris Financial Technology, Ltd.................. 31,098 73,926 Power Grid Corp. of India, Ltd..................... 37,509 89,418 Prestige Estates Projects, Ltd..................... 5,299 23,478 PTC India Financial Services, Ltd.................. 18,275 18,483 PTC India, Ltd..................................... 57,818 92,803 * Punj Lloyd, Ltd.................................... 71,973 42,909 Punjab National Bank............................... 9,075 27,607 Radico Khaitan, Ltd................................ 6,715 10,365 Rain Industries, Ltd............................... 12,419 7,534 Rallis India, Ltd.................................. 14,230 51,899 Ramco Cements, Ltd. (The).......................... 15,000 87,626 * Ranbaxy Laboratories, Ltd.......................... 21,301 242,909 Raymond, Ltd....................................... 16,326 133,957 Redington India, Ltd............................... 20,505 40,846 * REI Agro, Ltd...................................... 71,019 1,206 * Reliance Communications, Ltd....................... 107,504 137,642 Reliance Industries, Ltd........................... 62,417 921,885 Reliance Industries, Ltd. GDR...................... 9,355 277,710 Reliance Infrastructure, Ltd....................... 11,479 93,983 * Reliance Power, Ltd................................ 123,191 129,521 Rolta India, Ltd................................... 21,070 37,304 Ruchi Soya Industries, Ltd......................... 16,055 8,939 Rural Electrification Corp., Ltd................... 13,757 73,541 Sanofi India, Ltd.................................. 1,238 66,118 Sesa Sterlite, Ltd................................. 121,495 394,557 Sesa Sterlite, Ltd. ADR............................ 15,041 195,388 * Shipping Corp. of India, Ltd....................... 48,621 44,021 Shree Cement, Ltd.................................. 1,212 214,901 * Shree Renuka Sugars, Ltd........................... 66,795 17,376 Shriram Transport Finance Co., Ltd................. 7,725 142,369 Siemens, Ltd....................................... 7,062 120,235 Sintex Industries, Ltd............................. 47,778 85,103 SJVN, Ltd.......................................... 29,837 12,237 SKF India, Ltd..................................... 3,176 76,814 Sobha, Ltd......................................... 12,527 94,592 Sonata Software, Ltd............................... 5,986 11,725 South Indian Bank, Ltd. (The)...................... 100,340 44,596 SRF, Ltd........................................... 8,369 128,550 Star Ferro and Cement, Ltd......................... 6,288 9,945 State Bank of Bikaner & Jaipur..................... 6,124 63,928 State Bank of India................................ 63,980 318,551 State Bank of India GDR............................ 4,702 233,092 Sterlite Technologies, Ltd......................... 45,756 45,698 Strides Arcolab, Ltd............................... 6,009 90,050 * Sun Pharma Advanced Research Co., Ltd.............. 11,442 60,066 Sun Pharmaceutical Industries, Ltd................. 24,041 356,457 1465 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Sun TV Network, Ltd................................ 15,907 $ 104,559 Supreme Industries, Ltd............................ 13,945 132,865 * Suzlon Energy, Ltd................................. 194,587 50,325 Syndicate Bank..................................... 56,680 106,888 Tata Chemicals, Ltd................................ 15,664 115,372 Tata Communications, Ltd........................... 12,550 83,006 Tata Consultancy Services, Ltd..................... 9,718 389,512 Tata Elxsi, Ltd.................................... 4,728 58,208 Tata Global Beverages, Ltd......................... 105,050 270,233 Tata Motors, Ltd................................... 127,048 1,200,694 Tata Power Co., Ltd................................ 119,400 175,871 Tata Steel, Ltd.................................... 114,871 723,579 * Tata Teleservices Maharashtra, Ltd................. 65,868 9,711 Tech Mahindra, Ltd................................. 11,466 534,454 Thermax, Ltd....................................... 4,656 85,331 Timken India, Ltd.................................. 1,690 14,630 Titan Co., Ltd..................................... 9,863 67,974 Torrent Pharmaceuticals, Ltd....................... 8,466 148,703 Torrent Power, Ltd................................. 10,757 29,934 Transport Corp. of India, Ltd...................... 1,434 6,003 Trent, Ltd......................................... 655 15,363 Triveni Turbine, Ltd............................... 41,519 70,563 Tube Investments of India, Ltd..................... 18,724 111,190 * TV18 Broadcast, Ltd................................ 81,481 45,565 TVS Motor Co., Ltd................................. 34,636 171,358 UCO Bank........................................... 79,300 96,090 Ultratech Cement, Ltd.............................. 4,462 226,123 Unichem Laboratories, Ltd.......................... 2,817 10,086 Union Bank of India................................ 49,767 167,240 * Unitech, Ltd....................................... 475,609 142,633 UPL, Ltd........................................... 74,807 444,118 V-Guard Industries, Ltd............................ 1,328 21,458 VA Tech Wabag, Ltd................................. 501 13,025 Vakrangee, Ltd..................................... 37,386 77,194 Vardhman Textiles, Ltd............................. 2,777 19,780 Videocon Industries, Ltd........................... 18,231 46,453 Vijaya Bank........................................ 34,615 27,455 VIP Industries, Ltd................................ 10,856 18,393 Voltas, Ltd........................................ 27,567 119,389 Welspun Corp., Ltd................................. 15,250 16,704 * Welspun Enterprises, Ltd........................... 763 3,648 Wipro, Ltd......................................... 46,303 451,849 Wockhardt, Ltd..................................... 9,139 178,052 Yes Bank, Ltd...................................... 41,798 579,925 Zee Entertainment Enterprises, Ltd................. 52,912 321,731 Zensar Technologies, Ltd........................... 4,461 46,958 ----------- TOTAL INDIA............................................ 46,861,910 ----------- INDONESIA -- (0.7%) Ace Hardware Indonesia Tbk PT...................... 836,600 48,803 Adaro Energy Tbk PT................................ 4,578,500 359,760 Adhi Karya Persero Tbk PT.......................... 397,100 114,894 Agung Podomoro Land Tbk PT......................... 3,051,400 106,934 1466 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- INDONESIA -- (Continued) AKR Corporindo Tbk PT.............................. 357,000 $131,936 Alam Sutera Realty Tbk PT.......................... 3,485,100 162,300 Aneka Tambang Persero Tbk PT....................... 1,548,500 129,483 Arwana Citramulia Tbk PT........................... 232,600 18,303 Asahimas Flat Glass Tbk PT......................... 86,500 57,183 Astra Agro Lestari Tbk PT.......................... 109,700 200,506 Astra International Tbk PT......................... 1,540,900 948,819 * Bakrie and Brothers Tbk PT......................... 5,212,000 20,572 * Bakrie Telecom Tbk PT.............................. 4,680,500 18,474 Bank Bukopin Tbk PT................................ 1,009,700 61,187 Bank Central Asia Tbk PT........................... 256,000 268,790 Bank Danamon Indonesia Tbk PT...................... 704,663 244,146 Bank Mandiri Persero Tbk PT........................ 681,409 586,970 Bank Negara Indonesia Persero Tbk PT............... 543,120 266,118 * Bank Pan Indonesia Tbk PT.......................... 1,316,000 109,932 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT............................................... 738,500 47,897 Bank Permata Tbk PT................................ 1,500 183 Bank Rakyat Indonesia Persero Tbk PT............... 1,015,700 929,346 Bank Tabungan Negara Persero Tbk PT................ 1,670,341 130,505 * Bank Tabungan Pensiunan Nasional Tbk PT............ 54,000 17,036 * Barito Pacific Tbk PT.............................. 293,000 7,117 * Bayan Resources Tbk PT............................. 16,000 8,945 * Berlian Laju Tanker Tbk PT......................... 514,666 -- BISI International Tbk PT.......................... 255,500 21,152 * Bumi Resources Minerals Tbk PT..................... 568,500 12,566 * Bumi Resources Tbk PT.............................. 1,000,000 7,921 Bumi Serpong Damai Tbk PT.......................... 1,396,000 221,328 BW Plantation Tbk PT............................... 436,500 12,206 Charoen Pokphand Indonesia Tbk PT.................. 659,000 204,683 Ciputra Development Tbk PT......................... 2,144,576 241,818 Ciputra Property Tbk PT............................ 436,800 28,144 Ciputra Surya Tbk PT............................... 205,500 48,446 Citra Marga Nusaphala Persada Tbk PT............... 348,000 76,728 * Darma Henwa Tbk PT................................. 3,062,000 12,086 Elnusa Tbk PT...................................... 1,814,900 81,080 * Energi Mega Persada Tbk PT......................... 6,952,500 56,858 * Erajaya Swasembada Tbk PT.......................... 382,200 36,186 * Exploitasi Energi Indonesia Tbk PT................. 1,212,500 11,014 Express Transindo Utama Tbk PT..................... 502,200 38,353 Gajah Tunggal Tbk PT............................... 689,200 79,128 Global Mediacom Tbk PT............................. 2,061,500 300,684 Gudang Garam Tbk PT................................ 8,500 38,646 * Hanson International Tbk PT........................ 2,225,600 124,363 Harum Energy Tbk PT................................ 224,000 26,759 Hexindo Adiperkasa Tbk PT.......................... 75,000 22,459 Holcim Indonesia Tbk PT............................ 435,500 67,411 Indah Kiat Pulp & Paper Corp. Tbk PT............... 573,600 49,105 * Indika Energy Tbk PT............................... 671,800 25,981 Indo Tambangraya Megah Tbk PT...................... 28,800 37,948 Indocement Tunggal Prakarsa Tbk PT................. 121,500 219,003 Indofood CBP Sukses Makmur Tbk PT.................. 19,000 21,666 Indofood Sukses Makmur Tbk PT...................... 675,000 401,234 * Indosat Tbk PT..................................... 176,750 57,160 1467 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- INDONESIA -- (Continued) * Inovisi Infracom Tbk PT............................ 7,778 $ 72 Intiland Development Tbk PT........................ 575,100 28,037 Japfa Comfeed Indonesia Tbk PT..................... 1,747,100 121,945 Jasa Marga Persero Tbk PT.......................... 239,500 135,515 Kalbe Farma Tbk PT................................. 2,130,000 312,516 Kawasan Industri Jababeka Tbk PT................... 6,640,185 158,574 * Krakatau Steel Persero Tbk PT...................... 970,300 35,587 * Lippo Cikarang Tbk PT.............................. 220,300 198,973 Lippo Karawaci Tbk PT.............................. 4,932,250 440,786 Malindo Feedmill Tbk PT............................ 371,200 63,587 Matahari Putra Prima Tbk PT........................ 60,000 17,975 Mayora Indah Tbk PT................................ 124,833 238,680 Medco Energi Internasional Tbk PT.................. 367,100 90,392 Media Nusantara Citra Tbk PT....................... 613,000 137,919 Mitra Adiperkasa Tbk PT............................ 300,500 138,898 MNC Investama Tbk PT............................... 4,082,500 90,553 Multipolar Tbk PT.................................. 336,600 22,337 * Nusantara Infrastructure Tbk PT.................... 3,043,000 45,453 Pabrik Kertas Tjiwi Kimia Tbk PT................... 313,000 20,713 Pakuwon Jati Tbk PT................................ 3,156,500 123,773 * Panin Financial Tbk PT............................. 5,154,600 110,383 Pembangunan Perumahan Persero Tbk PT............... 475,000 145,510 Perusahaan Gas Negara Persero Tbk PT............... 296,800 117,909 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT............................................... 843,300 122,063 Ramayana Lestari Sentosa Tbk PT.................... 834,824 53,941 Resource Alam Indonesia Tbk PT..................... 57,000 4,690 Semen Indonesia Persero Tbk PT..................... 133,500 152,667 * Sentul City Tbk PT................................. 9,187,800 82,588 * Sugih Energy Tbk PT................................ 2,641,200 86,698 Summarecon Agung Tbk PT............................ 3,131,000 404,775 Surya Citra Media Tbk PT........................... 205,000 55,030 Surya Semesta Internusa Tbk PT..................... 1,726,000 148,735 Tambang Batubara Bukit Asam Persero Tbk PT......... 276,400 247,026 Telekomunikasi Indonesia Persero Tbk PT............ 35,000 7,770 Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR.............................................. 5,755 253,796 Tempo Scan Pacific Tbk PT.......................... 206,900 43,288 Tiga Pilar Sejahtera Food Tbk...................... 512,000 86,647 Timah Persero Tbk PT............................... 1,015,156 93,429 * Tiphone Mobile Indonesia Tbk PT.................... 297,200 24,050 Total Bangun Persada Tbk PT........................ 501,600 43,531 Tower Bersama Infrastructure Tbk PT................ 102,500 76,749 * Trada Maritime Tbk PT.............................. 441,000 4,611 * Truba Alam Manunggal Engineering PT................ 2,841,000 2,243 Tunas Baru Lampung Tbk PT.......................... 326,500 18,015 Tunas Ridean Tbk PT................................ 537,500 28,368 Unilever Indonesia Tbk PT.......................... 41,600 117,104 United Tractors Tbk PT............................. 188,924 265,846 Vale Indonesia Tbk PT.............................. 716,800 194,266 * Visi Media Asia Tbk PT............................. 517,100 17,917 Waskita Karya Persero Tbk PT....................... 802,300 107,625 Wijaya Karya Persero Tbk PT........................ 754,500 221,360 1468 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDONESIA -- (Continued) XL Axiata Tbk PT................................... 363,500 $ 137,262 ----------- TOTAL INDONESIA........................................ 13,476,432 ----------- IRELAND -- (0.4%) * Bank of Ireland.................................... 2,530,614 761,636 * Bank of Ireland Sponsored ADR...................... 1,400 16,884 C&C Group P.L.C.................................... 80,495 313,754 CRH P.L.C.......................................... 32,264 778,390 CRH P.L.C. Sponsored ADR........................... 55,236 1,333,397 Dragon Oil P.L.C................................... 53,618 445,065 FBD Holdings P.L.C................................. 6,284 78,026 Glanbia P.L.C...................................... 25,620 412,483 IFG Group P.L.C.................................... 10,052 17,607 Irish Continental Group P.L.C...................... 9,166 33,888 * Kenmare Resources P.L.C............................ 77,286 3,977 Kerry Group P.L.C. Class A......................... 14,315 1,037,469 Kingspan Group P.L.C............................... 47,489 858,053 Paddy Power P.L.C.................................. 6,266 488,343 Smurfit Kappa Group P.L.C.......................... 54,519 1,340,366 ----------- TOTAL IRELAND.......................................... 7,919,338 ----------- ISRAEL -- (0.5%) * Africa Israel Investments, Ltd..................... 57,148 50,542 Africa Israel Properties, Ltd...................... 1,753 21,829 * Airport City, Ltd.................................. 6,570 54,170 * AL-ROV Israel, Ltd................................. 1,607 43,482 * Allot Communications, Ltd.......................... 931 8,465 Amot Investments, Ltd.............................. 8,416 24,959 * AudioCodes, Ltd.................................... 7,800 39,837 * Azorim-Investment Development & Construction Co., Ltd.............................................. 10,744 7,836 Azrieli Group...................................... 9,944 343,046 Bank Hapoalim BM................................... 170,549 757,588 * Bank Leumi Le-Israel BM............................ 194,699 649,107 Bayside Land Corp.................................. 197 52,991 Bezeq The Israeli Telecommunication Corp., Ltd..... 265,698 423,733 Blue Square Real Estate, Ltd....................... 229 6,799 * Cellcom Israel, Ltd................................ 5,783 30,303 * Ceragon Networks, Ltd.............................. 2,962 2,818 * Clal Biotechnology Industries, Ltd................. 14,222 12,523 * Clal Insurance Enterprises Holdings, Ltd........... 6,662 96,300 * Compugen, Ltd...................................... 2,287 17,670 Delek Automotive Systems, Ltd...................... 8,604 82,435 Delek Group, Ltd................................... 760 185,899 Delta-Galil Industries, Ltd........................ 2,490 71,455 Direct Insurance Financial Investments, Ltd........ 1,475 8,038 Elbit Systems, Ltd.(6308913)....................... 2,679 164,718 Elbit Systems, Ltd.(M3760D101)..................... 1,800 111,222 Electra, Ltd....................................... 593 63,347 Elron Electronic Industries, Ltd................... 1,546 6,634 * Energix-Renewable Energies, Ltd.................... 510 231 * Equital, Ltd....................................... 537 7,113 * Evogene, Ltd....................................... 952 7,867 1469 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ISRAEL -- (Continued) * EZchip Semiconductor, Ltd.(6554998).................... 586 $ 10,990 * EZchip Semiconductor, Ltd.(M4146Y108).................. 4,079 77,705 First International Bank Of Israel, Ltd................ 8,214 103,053 Formula Systems 1985, Ltd.............................. 2,553 53,046 Fox Wizel, Ltd......................................... 1,437 32,696 Frutarom Industries, Ltd............................... 8,502 266,407 * Hadera Paper, Ltd...................................... 279 4,850 Harel Insurance Investments & Financial Services, Ltd.. 36,266 161,415 Industrial Buildings Corp., Ltd........................ 9,822 10,326 Israel Chemicals, Ltd.................................. 20,052 144,091 * Israel Discount Bank, Ltd. Class A..................... 205,024 320,328 Ituran Location and Control, Ltd....................... 3,383 70,934 * Jerusalem Oil Exploration.............................. 4,473 132,436 * Kamada, Ltd............................................ 1,185 4,805 Matrix IT, Ltd......................................... 14,912 67,895 * Mazor Robotics, Ltd.................................... 3,869 19,853 Meitav DS Investments, Ltd............................. 1,297 3,414 Melisron, Ltd.......................................... 3,598 104,756 Menorah Mivtachim Holdings, Ltd........................ 9,430 82,944 Migdal Insurance & Financial Holding, Ltd.............. 83,970 99,973 * Mivtach Shamir Holdings, Ltd........................... 1,032 23,196 * Mizrahi Tefahot Bank, Ltd.............................. 35,717 389,768 * Naphtha Israel Petroleum Corp., Ltd.................... 6,735 34,245 Neto ME Holdings, Ltd.................................. 124 6,187 NICE Systems, Ltd. Sponsored ADR....................... 4,616 225,953 * Nitsba Holdings 1995, Ltd.............................. 7,987 108,996 * Nova Measuring Instruments, Ltd........................ 5,411 59,401 * Oil Refineries, Ltd.................................... 367,454 106,886 Ormat Industries....................................... 23,661 165,787 Osem Investments, Ltd.................................. 3,812 67,538 * Partner Communications Co., Ltd........................ 9,556 32,363 * Partner Communications Co., Ltd. ADR................... 1,600 5,328 Paz Oil Co., Ltd....................................... 655 83,815 Phoenix Holdings, Ltd. (The)........................... 20,145 56,840 Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.... 1,225 48,374 * Sapiens International Corp. NV......................... 3,565 23,570 Shikun & Binui, Ltd.................................... 59,172 112,064 Shufersal, Ltd......................................... 7,747 15,948 * Strauss Group, Ltd..................................... 4,340 63,568 Teva Pharmaceutical Industries, Ltd. Sponsored ADR..... 67,449 3,835,150 * Tower Semiconductor, Ltd............................... 4,323 65,341 * Union Bank of Israel................................... 4,714 15,324 ----------- TOTAL ISRAEL............................................... 10,670,516 ----------- ITALY -- (1.9%) * A.S. Roma SpA.......................................... 14,995 8,917 A2A SpA................................................ 250,642 238,886 ACEA SpA............................................... 11,829 132,975 Alerion Cleanpower SpA................................. 2,913 7,876 Amplifon SpA........................................... 20,340 121,673 Ansaldo STS SpA........................................ 24,656 247,767 * Arnoldo Mondadori Editore SpA.......................... 40,901 42,641 Ascopiave SpA.......................................... 15,279 32,855 1470 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- ITALY -- (Continued) Assicurazioni Generali SpA......................... 70,772 $1,493,684 Astaldi SpA........................................ 22,586 143,573 Atlantia SpA....................................... 27,083 697,067 * Autogrill SpA...................................... 24,680 210,836 Azimut Holding SpA................................. 17,346 404,357 * Banca Carige SpA................................... 1,031,211 69,050 Banca Generali SpA................................. 11,534 322,210 Banca IFIS SpA..................................... 3,666 63,067 * Banca Monte dei Paschi di Siena SpA................ 550,194 248,743 * Banca Popolare dell'Emilia Romagna S.c.r.l......... 142,710 962,458 * Banca Popolare dell'Etruria e del Lazio SC......... 52,566 30,876 * Banca Popolare di Milano Scarl..................... 1,337,864 1,070,923 Banca Popolare di Sondrio SCARL.................... 75,583 293,489 Banca Profilo SpA.................................. 61,003 25,803 Banco di Desio e della Brianza SpA................. 12,951 33,448 * Banco Popolare SC.................................. 101,436 1,280,106 * BasicNet SpA....................................... 9,483 26,411 Biesse SpA......................................... 3,608 49,578 Brembo SpA......................................... 7,759 273,440 * Brioschi Sviluppo Immobiliare SpA.................. 129,433 14,395 Brunello Cucinelli SpA............................. 470 9,668 Buzzi Unicem SpA................................... 26,107 320,502 Cairo Communication SpA............................ 9,199 58,562 Cementir Holding SpA............................... 16,325 109,224 * CIR-Compagnie Industriali Riunite SpA.............. 107,683 118,840 CNH Industrial NV.................................. 43,974 334,764 Credito Emiliano SpA............................... 19,642 152,824 * Credito Valtellinese SC............................ 395,038 444,513 Danieli & C Officine Meccaniche SpA................ 4,275 104,817 Datalogic SpA...................................... 3,555 39,895 Davide Campari-Milano SpA.......................... 36,106 244,742 De'Longhi SpA...................................... 9,056 163,249 DiaSorin SpA....................................... 4,723 188,561 * Ei Towers SpA...................................... 2,096 104,009 Enel Green Power SpA............................... 144,312 285,275 Enel SpA........................................... 163,323 737,952 Engineering SpA.................................... 1,316 64,225 Eni SpA............................................ 182,877 3,077,560 Eni SpA Sponsored ADR.............................. 35,048 1,188,127 ERG SpA............................................ 24,058 286,456 Esprinet SpA....................................... 6,596 45,104 * Eurotech SpA....................................... 11,463 26,634 Falck Renewables SpA............................... 39,924 44,028 * Finmeccanica SpA................................... 111,165 1,214,096 FNM SpA............................................ 37,047 22,715 * Geox SpA........................................... 12,742 43,168 * Gruppo Editoriale L'Espresso SpA................... 43,562 55,086 GTECH SpA.......................................... 13,722 269,703 Hera SpA........................................... 119,030 291,717 * IMMSI SpA.......................................... 84,673 60,820 Industria Macchine Automatiche SpA................. 3,521 155,243 * Intek Group SpA.................................... 131,121 49,872 Interpump Group SpA................................ 17,064 243,217 1471 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- ITALY -- (Continued) Intesa Sanpaolo SpA................................ 823,245 $2,407,382 Intesa Sanpaolo SpA Sponsored ADR.................. 200 3,484 Iren SpA........................................... 108,074 125,367 Italcementi SpA.................................... 42,024 289,322 Italmobiliare SpA.................................. 2,248 58,002 * Juventus Football Club SpA......................... 149,340 39,130 La Doria SpA....................................... 4,431 52,252 * Landi Renzo SpA.................................... 9,013 10,489 Luxottica Group SpA................................ 8,362 497,222 Luxottica Group SpA Sponsored ADR.................. 2,300 136,321 * Maire Tecnimont SpA................................ 24,395 53,698 MARR SpA........................................... 4,985 87,117 * Mediaset SpA....................................... 170,153 772,677 Mediobanca SpA..................................... 135,582 1,174,440 Mediolanum SpA..................................... 36,154 257,093 Nice SpA........................................... 2,500 8,116 Parmalat SpA....................................... 130,412 369,289 * Piaggio & C SpA.................................... 31,537 95,999 Pirelli & C. SpA................................... 31,874 451,937 * Prima Industrie SpA................................ 1,431 24,208 Prysmian SpA....................................... 45,328 838,502 * RCS MediaGroup SpA................................. 1,319 1,613 Recordati SpA...................................... 19,414 320,849 Reply SpA.......................................... 882 68,235 * Retelit SpA........................................ 63,982 40,202 Sabaf SpA.......................................... 1,349 18,100 * Safilo Group SpA................................... 8,987 128,150 #* Saipem SpA......................................... 20,480 184,251 * Salini Impregilo SpA............................... 6,331 23,089 Salvatore Ferragamo SpA............................ 6,735 194,969 * Saras SpA.......................................... 63,330 70,911 SAVE SpA........................................... 1,854 27,848 * Snai SpA........................................... 8,960 14,140 Snam SpA........................................... 89,832 439,534 Societa Cattolica di Assicurazioni S.c.r.l......... 30,849 237,924 Societa Iniziative Autostradali e Servizi SpA...... 21,682 216,779 * Sogefi SpA......................................... 11,540 33,311 SOL SpA............................................ 12,587 99,579 * Sorin SpA.......................................... 62,558 145,180 * Telecom Italia Media SpA........................... 2,513 2,891 * Telecom Italia SpA................................. 1,585,426 1,842,212 * Telecom Italia SpA Sponsored ADR................... 48,868 561,982 Tenaris SA......................................... 8,006 226,089 Terna Rete Elettrica Nazionale SpA................. 178,233 781,432 * Tiscali SpA........................................ 208,539 12,706 Tod's SpA.......................................... 719 73,881 Trevi Finanziaria Industriale SpA.................. 41,982 127,027 UniCredit SpA...................................... 300,210 1,769,815 Unione di Banche Italiane SCPA..................... 221,791 1,525,546 Unipol Gruppo Finanziario SpA...................... 81,557 411,311 UnipolSai SpA...................................... 214,019 593,260 Vianini Lavori SpA................................. 1,500 8,955 Vittoria Assicurazioni SpA......................... 8,898 93,048 1472 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ITALY -- (Continued) * World Duty Free SpA................................ 20,440 $ 225,161 * Yoox SpA........................................... 6,522 141,119 Zignago Vetro SpA.................................. 5,465 33,444 ----------- TOTAL ITALY............................................ 37,548,862 ----------- JAPAN -- (15.6%) 77 Bank, Ltd. (The)................................ 102,000 564,106 A&D Co., Ltd....................................... 5,400 22,537 ABC-Mart, Inc...................................... 3,400 169,602 Accordia Golf Co., Ltd............................. 26,100 265,767 Achilles Corp...................................... 43,000 55,210 Adastria Holdings Co., Ltd......................... 6,440 169,625 ADEKA Corp......................................... 29,900 366,788 Aderans Co., Ltd................................... 7,900 70,131 Advan Co., Ltd..................................... 3,500 39,168 Advantest Corp..................................... 7,800 98,958 Advantest Corp. ADR................................ 3,900 49,413 Aeon Co., Ltd...................................... 192,805 2,036,432 Aeon Delight Co., Ltd.............................. 5,400 120,939 Aeon Fantasy Co., Ltd.............................. 3,700 49,588 Aeon Mall Co., Ltd................................. 1,980 32,824 Ahresty Corp....................................... 5,200 28,277 Ai Holdings Corp................................... 8,200 142,777 Aica Kogyo Co., Ltd................................ 9,000 200,329 Aichi Bank, Ltd. (The)............................. 2,400 117,765 Aichi Corp......................................... 8,300 40,472 Aichi Steel Corp................................... 47,000 194,845 Aichi Tokei Denki Co., Ltd......................... 7,000 19,347 Aida Engineering, Ltd.............................. 17,000 168,070 Ain Pharmaciez, Inc................................ 8,800 283,613 Air Water, Inc..................................... 30,000 516,188 Airport Facilities Co., Ltd........................ 10,300 60,685 Aisan Industry Co., Ltd............................ 10,600 92,415 Aisin Seiki Co., Ltd............................... 38,800 1,355,502 Ajinomoto Co., Inc................................. 18,000 370,935 Akebono Brake Industry Co., Ltd.................... 27,200 96,035 Akita Bank, Ltd. (The)............................. 51,000 141,419 Alconix Corp....................................... 4,200 64,872 Alfresa Holdings Corp.............................. 26,200 310,623 Alinco, Inc........................................ 5,400 55,670 Allied Telesis Holdings K.K........................ 38,200 30,436 Alpen Co., Ltd..................................... 4,500 66,102 Alpine Electronics, Inc............................ 15,000 231,980 Alps Electric Co., Ltd............................. 45,300 943,037 Alps Logistics Co., Ltd............................ 2,200 25,376 Altech Corp........................................ 300 3,722 Amada Co., Ltd..................................... 87,000 792,921 Amano Corp......................................... 18,800 199,821 Amiyaki Tei Co., Ltd............................... 1,300 43,254 ANA Holdings, Inc.................................. 51,000 140,847 Anest Iwata Corp................................... 5,000 33,168 Anritsu Corp....................................... 43,300 283,901 AOKI Holdings, Inc................................. 12,200 141,567 1473 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Aomori Bank, Ltd. (The)............................ 51,000 $ 150,715 Aoyama Trading Co., Ltd............................ 8,600 289,040 Aozora Bank, Ltd................................... 85,000 309,330 Arakawa Chemical Industries, Ltd................... 3,900 39,598 Arata Corp......................................... 3,000 8,254 Arcland Sakamoto Co., Ltd.......................... 5,400 100,726 Arcs Co., Ltd...................................... 7,500 154,528 Ariake Japan Co., Ltd.............................. 3,200 86,932 Arisawa Manufacturing Co., Ltd..................... 8,900 67,776 * Arrk Corp.......................................... 13,300 15,849 Artnature, Inc..................................... 4,200 43,915 As One Corp........................................ 4,200 112,370 Asahi Co., Ltd..................................... 4,100 40,118 Asahi Diamond Industrial Co., Ltd.................. 14,400 146,815 Asahi Glass Co., Ltd............................... 155,000 824,597 Asahi Group Holdings, Ltd.......................... 12,200 400,243 Asahi Holdings, Inc................................ 8,800 130,596 Asahi Intecc Co., Ltd.............................. 2,300 121,898 Asahi Kasei Corp................................... 180,000 1,777,691 Asahi Kogyosha Co., Ltd............................ 6,000 20,601 Asahi Organic Chemicals Industry Co., Ltd.......... 17,000 41,965 * Asanuma Corp....................................... 9,000 11,464 Asatsu-DK, Inc..................................... 11,100 277,671 Asax Co., Ltd...................................... 100 1,294 * Ashimori Industry Co., Ltd......................... 8,000 10,807 * Asia Growth Capital, Ltd........................... 7,700 12,712 Asics Corp......................................... 5,000 122,697 ASKA Pharmaceutical Co., Ltd....................... 6,000 64,088 ASKUL Corp......................................... 2,300 35,763 Astellas Pharma, Inc............................... 28,000 432,470 Asunaro Aoki Construction Co., Ltd................. 2,000 13,535 Atom Corp.......................................... 3,700 27,752 Autobacs Seven Co., Ltd............................ 15,900 232,785 Avex Group Holdings, Inc........................... 13,200 222,596 Awa Bank, Ltd. (The)............................... 34,000 183,239 Axell Corp......................................... 2,500 35,308 Axial Retailing, Inc............................... 2,200 50,628 Azbil Corp......................................... 12,500 310,586 Bandai Namco Holdings, Inc......................... 18,800 380,647 Bando Chemical Industries, Ltd..................... 25,000 91,000 Bank of Iwate, Ltd. (The).......................... 3,300 134,121 Bank of Kyoto, Ltd. (The).......................... 61,000 511,405 Bank of Nagoya, Ltd. (The)......................... 48,000 172,826 Bank of Okinawa, Ltd. (The)........................ 4,400 176,061 Bank of Saga, Ltd. (The)........................... 33,000 75,333 Bank of the Ryukyus, Ltd........................... 14,000 193,680 Bank of Yokohama, Ltd. (The)....................... 136,000 733,837 Belc Co., Ltd...................................... 3,600 99,882 Belluna Co., Ltd................................... 13,600 58,226 Benefit One, Inc................................... 1,600 16,969 Benesse Holdings, Inc.............................. 8,500 254,181 Best Denki Co., Ltd................................ 13,000 16,281 Bic Camera, Inc.................................... 24,400 276,559 1474 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Biofermin Pharmaceutical Co., Ltd.................. 1,100 $ 27,758 Bit-isle, Inc...................................... 7,600 32,577 BML, Inc........................................... 3,600 96,316 Bookoff Corp....................................... 3,500 25,535 Bridgestone Corp................................... 31,000 1,238,987 Broadleaf Co., Ltd................................. 700 10,804 BRONCO BILLY Co., Ltd.............................. 400 13,193 Brother Industries, Ltd............................ 37,600 643,930 Bunka Shutter Co., Ltd............................. 20,000 161,598 C Uyemura & Co., Ltd............................... 600 30,413 Calbee, Inc........................................ 7,900 308,494 Calsonic Kansei Corp............................... 53,000 301,153 Can Do Co., Ltd.................................... 1,100 14,342 Canon Electronics, Inc............................. 5,300 93,739 Canon Marketing Japan, Inc......................... 14,100 256,212 Canon, Inc......................................... 39,900 1,262,254 # Canon, Inc. Sponsored ADR.......................... 9,399 296,162 Capcom Co., Ltd.................................... 13,800 231,203 Carlit Holdings Co., Ltd........................... 700 4,265 Casio Computer Co., Ltd............................ 26,000 407,025 Cawachi, Ltd....................................... 5,200 82,887 Central Glass Co., Ltd............................. 64,000 268,765 Central Japan Railway Co........................... 3,400 583,044 Central Sports Co., Ltd............................ 2,500 42,472 Century Tokyo Leasing Corp......................... 15,100 357,009 Chiba Bank, Ltd. (The)............................. 96,000 646,960 Chiba Kogyo Bank, Ltd. (The)....................... 13,800 94,071 Chino Corp......................................... 1,000 9,957 Chiyoda Co., Ltd................................... 7,200 153,182 Chiyoda Integre Co., Ltd........................... 5,200 97,370 Chodai Co., Ltd.................................... 600 3,532 Chori Co., Ltd..................................... 3,500 56,684 * Chubu Electric Power Co., Inc...................... 32,100 423,848 Chubu Shiryo Co., Ltd.............................. 6,000 33,530 Chuetsu Pulp & Paper Co., Ltd...................... 20,000 50,265 Chugai Pharmaceutical Co., Ltd..................... 2,800 83,708 Chugai Ro Co., Ltd................................. 20,000 46,543 Chugoku Bank, Ltd. (The)........................... 40,300 573,259 Chugoku Electric Power Co., Inc. (The)............. 15,000 207,382 Chugoku Marine Paints, Ltd......................... 23,000 202,454 Chukyo Bank, Ltd. (The)............................ 26,000 45,676 Chuo Spring Co., Ltd............................... 4,000 11,194 Citizen Holdings Co., Ltd.......................... 67,700 540,389 CKD Corp........................................... 19,600 186,699 #* Clarion Co., Ltd................................... 73,000 215,350 Cleanup Corp....................................... 9,600 71,041 CMIC Holdings Co., Ltd............................. 3,700 63,168 * CMK Corp........................................... 11,500 32,517 Coca-Cola East Japan Co., Ltd...................... 10,118 168,464 Coca-Cola West Co., Ltd............................ 18,300 261,750 Cocokara fine, Inc................................. 4,500 111,502 Colowide Co., Ltd.................................. 11,100 187,231 Computer Engineering & Consulting, Ltd............. 6,400 54,691 1475 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) COMSYS Holdings Corp............................... 24,500 $ 333,304 CONEXIO Corp....................................... 6,300 56,676 * COOKPAD, Inc....................................... 2,900 116,070 Corona Corp........................................ 1,700 16,857 Cosmo Oil Co., Ltd................................. 205,000 276,398 * Cosmos Initia Co., Ltd............................. 2,200 10,135 Cosmos Pharmaceutical Corp......................... 900 145,020 CREATE SD HOLDINGS Co., Ltd........................ 3,000 101,930 Credit Saison Co., Ltd............................. 18,300 308,289 CROOZ, Inc......................................... 1,200 20,643 CTI Engineering Co., Ltd........................... 1,700 21,017 DA Consortium, Inc................................. 5,100 21,658 Dai Nippon Printing Co., Ltd....................... 64,000 575,578 Dai Nippon Toryo Co., Ltd.......................... 43,000 55,534 Dai-Dan Co., Ltd................................... 9,000 51,096 Dai-ichi Life Insurance Co., Ltd. (The)............ 52,100 698,015 Dai-ichi Seiko Co., Ltd............................ 3,500 63,885 Daibiru Corp....................................... 15,600 137,257 Daicel Corp........................................ 75,000 932,485 Daido Kogyo Co., Ltd............................... 11,553 24,484 Daido Metal Co., Ltd............................... 14,000 131,402 Daido Steel Co., Ltd............................... 71,000 278,099 Daidoh, Ltd........................................ 4,000 17,380 Daifuku Co., Ltd................................... 21,000 240,576 Daihatsu Diesel Manufacturing Co., Ltd............. 3,000 24,079 Daihatsu Motor Co., Ltd............................ 44,900 626,107 Daihen Corp........................................ 31,000 149,538 Daiho Corp......................................... 8,000 34,501 Daiichi Jitsugyo Co., Ltd.......................... 12,000 61,977 Daiichi Sankyo Co., Ltd............................ 38,700 561,435 Daiichikosho Co., Ltd.............................. 11,000 318,556 Daiken Corp........................................ 20,000 45,316 Daiken Medical Co., Ltd............................ 1,200 12,146 Daiki Aluminium Industry Co., Ltd.................. 10,000 26,472 Daikin Industries, Ltd............................. 7,000 487,102 Daikoku Denki Co., Ltd............................. 2,100 33,635 Daikokutenbussan Co., Ltd.......................... 1,800 69,765 Daikyo, Inc........................................ 81,000 119,705 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 18,000 98,004 Daio Paper Corp.................................... 30,000 259,097 Daisan Bank, Ltd. (The)............................ 34,000 56,376 Daiseki Co., Ltd................................... 9,100 154,300 Daishi Bank, Ltd. (The)............................ 94,000 312,762 Daishinku Corp..................................... 13,000 37,832 Daiso Co., Ltd..................................... 15,000 55,904 Daisyo Corp........................................ 2,500 31,526 Daito Pharmaceutical Co., Ltd...................... 3,800 80,632 Daito Trust Construction Co., Ltd.................. 4,700 523,179 Daiwa House Industry Co., Ltd...................... 46,000 847,116 Daiwa Securities Group, Inc........................ 212,000 1,540,342 Daiwabo Holdings Co., Ltd.......................... 55,000 91,718 DC Co., Ltd........................................ 3,800 15,052 DCM Holdings Co., Ltd.............................. 29,700 198,156 1476 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) # Dena Co., Ltd...................................... 23,900 $314,278 Denki Kagaku Kogyo K.K............................. 164,000 646,179 Denso Corp......................................... 16,200 716,660 Dentsu, Inc........................................ 7,700 316,243 Denyo Co., Ltd..................................... 5,400 89,179 Descente, Ltd...................................... 11,000 124,685 DIC Corp........................................... 222,000 549,628 Disco Corp......................................... 2,700 247,356 DKS Co., Ltd....................................... 6,000 19,054 DMG Mori Seiki Co., Ltd............................ 23,000 298,329 Don Quijote Holdings Co., Ltd...................... 3,200 232,984 Doshisha Co., Ltd.................................. 6,000 93,654 Doutor Nichires Holdings Co., Ltd.................. 8,000 113,705 Dowa Holdings Co., Ltd............................. 49,000 391,249 Dr Ci:Labo Co., Ltd................................ 2,400 82,454 DTS Corp........................................... 5,100 107,053 Dunlop Sports Co., Ltd............................. 3,300 36,558 Eagle Industry Co., Ltd............................ 7,500 139,686 East Japan Railway Co.............................. 8,000 617,905 Ebara Corp......................................... 85,000 326,945 Ebara Jitsugyo Co., Ltd............................ 900 10,835 EDION Corp......................................... 26,100 193,560 Ehime Bank, Ltd. (The)............................. 9,000 19,134 Eidai Co., Ltd..................................... 7,000 26,897 Eighteenth Bank, Ltd. (The)........................ 44,000 127,182 Eiken Chemical Co., Ltd............................ 6,200 96,319 Eisai Co., Ltd..................................... 4,200 209,405 Eizo Corp.......................................... 5,800 126,013 Elecom Co., Ltd.................................... 3,700 84,245 Electric Power Development Co., Ltd................ 4,600 167,574 Elematec Corp...................................... 1,652 36,296 Emori Group Holdings Co., Ltd...................... 2,500 22,126 en-japan, Inc...................................... 2,800 40,682 Endo Lighting Corp................................. 3,500 39,330 Enplas Corp........................................ 3,500 124,897 * Enshu, Ltd......................................... 3,000 2,858 EPS Holdings, Inc.................................. 3,600 44,617 Excel Co., Ltd..................................... 1,900 20,843 Exedy Corp......................................... 11,600 255,098 Ezaki Glico Co., Ltd............................... 9,500 389,114 F-Tech, Inc........................................ 1,300 12,832 F@N Communications, Inc............................ 4,600 51,771 Faith, Inc......................................... 360 3,788 FALCO HOLDINGS Co., Ltd............................ 500 5,519 FamilyMart Co., Ltd................................ 4,200 181,918 Fancl Corp......................................... 11,500 184,056 FANUC Corp......................................... 2,000 335,879 Fast Retailing Co., Ltd............................ 1,500 556,464 FCC Co., Ltd....................................... 11,500 218,637 #* FDK Corp........................................... 21,000 26,474 * Feed One Holdings Co., Ltd......................... 37,880 35,375 Ferrotec Corp...................................... 13,000 65,404 FIDEA Holdings Co., Ltd............................ 13,700 24,392 1477 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Fields Corp........................................ 6,700 $ 85,159 Financial Products Group Co., Ltd.................. 2,800 39,516 FINDEX, Inc........................................ 300 17,674 Foster Electric Co., Ltd........................... 6,700 125,863 FP Corp............................................ 6,400 223,366 France Bed Holdings Co., Ltd....................... 27,000 41,198 Fudo Tetra Corp.................................... 19,500 39,799 Fuji Co. Ltd/Ehime................................. 4,100 74,435 Fuji Corp., Ltd.................................... 4,000 22,738 Fuji Electric Co., Ltd............................. 126,000 538,801 Fuji Electronics Co., Ltd.......................... 1,500 18,194 Fuji Furukawa Engineering & Construction Co., Ltd.. 1,000 2,594 Fuji Heavy Industries, Ltd......................... 20,900 753,806 Fuji Kiko Co., Ltd................................. 4,000 18,226 Fuji Kyuko Co., Ltd................................ 9,000 94,525 Fuji Media Holdings, Inc........................... 10,100 126,961 Fuji Oil Co. Ltd/Osaka............................. 16,300 209,424 Fuji Oil Co., Ltd.................................. 10,500 31,306 Fuji Pharma Co., Ltd............................... 3,100 53,967 Fuji Seal International, Inc....................... 7,000 223,668 Fuji Soft, Inc..................................... 7,200 144,082 Fujibo Holdings, Inc............................... 38,000 100,150 Fujicco Co., Ltd................................... 6,000 107,111 FUJIFILM Holdings Corp............................. 28,600 966,614 Fujikura Kasei Co., Ltd............................ 5,300 25,747 Fujikura Rubber, Ltd............................... 1,200 8,122 Fujikura, Ltd...................................... 114,000 473,626 Fujimi, Inc........................................ 4,600 71,437 Fujimori Kogyo Co., Ltd............................ 4,500 127,141 * Fujisash Co., Ltd.................................. 19,900 26,136 Fujita Kanko, Inc.................................. 11,000 43,548 Fujitec Co., Ltd................................... 17,000 174,213 Fujitsu Frontech, Ltd.............................. 5,600 64,106 Fujitsu General, Ltd............................... 12,000 117,705 Fujitsu, Ltd....................................... 186,500 985,555 FuKoKu Co., Ltd.................................... 1,400 15,264 Fukuda Corp........................................ 3,000 23,831 Fukui Bank, Ltd. (The)............................. 53,000 118,239 Fukuoka Financial Group, Inc....................... 99,400 496,082 Fukushima Industries Corp.......................... 2,700 40,513 Fukuyama Transporting Co., Ltd..................... 48,000 268,394 Funai Soken Holdings, Inc.......................... 3,700 29,907 Furukawa Battery Co, Ltd. (The).................... 3,000 24,577 Furukawa Co., Ltd.................................. 73,000 119,813 # Furukawa Electric Co., Ltd......................... 224,000 372,621 Furuno Electric Co., Ltd........................... 5,900 60,715 Furuya Metal Co., Ltd.............................. 100 2,422 Fuso Pharmaceutical Industries, Ltd................ 14,000 35,943 Futaba Industrial Co., Ltd......................... 16,700 83,402 Future Architect, Inc.............................. 8,300 45,379 Fuyo General Lease Co., Ltd........................ 3,100 99,791 G-Tekt Corp........................................ 4,200 40,016 Gakken Holdings Co., Ltd........................... 21,000 44,193 1478 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) GCA Savvian Corp................................... 5,700 $ 57,379 Gecoss Corp........................................ 3,400 45,305 Geo Holdings Corp.................................. 12,700 124,263 GLOBERIDE, Inc..................................... 28,000 45,358 Glory, Ltd......................................... 15,800 414,063 GMO internet, Inc.................................. 16,400 135,409 GMO Payment Gateway, Inc........................... 3,800 65,892 Godo Steel, Ltd.................................... 32,000 51,496 Goldcrest Co., Ltd................................. 6,610 103,015 Goldwin, Inc....................................... 13,000 73,015 Gourmet Kineya Co., Ltd............................ 3,000 23,963 # Gree, Inc.......................................... 23,100 131,589 GS Yuasa Corp...................................... 72,000 324,928 GSI Creos Corp..................................... 29,000 32,364 Gulliver International Co., Ltd.................... 13,700 108,732 * GungHo Online Entertainment, Inc................... 24,900 85,469 Gunma Bank, Ltd. (The)............................. 94,000 618,052 Gunze, Ltd......................................... 58,000 150,238 Gurunavi, Inc...................................... 5,600 89,361 H-One Co., Ltd..................................... 3,700 20,741 H2O Retailing Corp................................. 23,225 410,228 Hachijuni Bank, Ltd. (The)......................... 98,000 645,818 Hakudo Co., Ltd.................................... 2,800 26,990 Hakuhodo DY Holdings, Inc.......................... 42,700 424,417 Hakuto Co., Ltd.................................... 5,400 55,835 Hamakyorex Co., Ltd................................ 2,400 84,847 Hamamatsu Photonics K.K............................ 5,500 259,140 Hankyu Hanshin Holdings, Inc....................... 189,000 1,050,544 Hanwa Co., Ltd..................................... 68,000 254,026 Happinet Corp...................................... 5,000 55,714 Hard Off Corp. Co., Ltd............................ 700 6,719 Harima Chemicals Group, Inc........................ 700 2,837 Harmonic Drive Systems, Inc........................ 2,400 38,032 Haseko Corp........................................ 34,200 277,877 Hazama Ando Corp................................... 43,220 283,070 Heiwa Corp......................................... 11,500 231,318 Heiwa Real Estate Co., Ltd......................... 10,500 149,421 Heiwado Co., Ltd................................... 9,300 197,173 HI-LEX Corp........................................ 1,500 42,974 Hiday Hidaka Corp.................................. 3,456 108,705 Higashi Nihon House Co., Ltd....................... 17,500 76,426 Higashi-Nippon Bank, Ltd. (The).................... 33,000 92,853 Higo Bank, Ltd. (The).............................. 38,000 206,059 Hikari Tsushin, Inc................................ 4,000 229,847 Hino Motors, Ltd................................... 18,000 254,852 Hioki EE Corp...................................... 2,200 33,094 Hiramatsu, Inc..................................... 900 4,909 Hiroshima Bank, Ltd. (The)......................... 130,000 646,644 HIS Co., Ltd....................................... 4,800 164,589 Hisamitsu Pharmaceutical Co., Inc.................. 4,500 153,111 Hitachi Capital Corp............................... 16,100 316,538 Hitachi Chemical Co., Ltd.......................... 20,900 420,469 Hitachi Construction Machinery Co., Ltd............ 18,400 340,171 1479 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Hitachi High-Technologies Corp..................... 12,800 $ 397,631 Hitachi Koki Co., Ltd.............................. 17,900 128,920 Hitachi Kokusai Electric, Inc...................... 19,000 258,244 Hitachi Metals, Ltd................................ 22,010 358,659 Hitachi Transport System, Ltd...................... 13,300 173,996 Hitachi Zosen Corp................................. 45,000 246,560 Hitachi, Ltd....................................... 421,000 3,179,430 Hitachi, Ltd. ADR.................................. 10,080 759,830 Hodogaya Chemical Co., Ltd......................... 8,000 12,989 Hogy Medical Co., Ltd.............................. 2,700 140,360 * Hokkaido Electric Power Co., Inc................... 21,100 170,438 Hokkaido Gas Co., Ltd.............................. 7,000 17,130 Hokkan Holdings, Ltd............................... 15,000 38,141 Hokko Chemical Industry Co., Ltd................... 7,000 24,354 Hokkoku Bank, Ltd. (The)........................... 101,000 322,241 Hokuetsu Bank, Ltd. (The).......................... 58,000 105,541 Hokuetsu Industries Co., Ltd....................... 7,000 63,416 Hokuetsu Kishu Paper Co., Ltd...................... 34,500 162,488 Hokuhoku Financial Group, Inc...................... 276,000 568,742 Hokuriku Electric Industry Co., Ltd................ 15,000 22,294 Hokuriku Electric Power Co......................... 21,200 299,601 Hokuto Corp........................................ 5,300 97,549 Honda Motor Co., Ltd............................... 119,400 3,602,865 Honda Motor Co., Ltd. Sponsored ADR................ 37,467 1,132,253 Honeys Co., Ltd.................................... 6,570 58,584 Hoosiers Holdings Co., Ltd......................... 4,800 20,110 Horiba, Ltd........................................ 9,500 309,428 Hoshizaki Electric Co., Ltd........................ 4,100 207,863 Hosokawa Micron Corp............................... 5,000 30,846 House Foods Group, Inc............................. 17,300 346,111 Howa Machinery, Ltd................................ 4,600 28,961 Hoya Corp.......................................... 16,300 631,667 Hyakugo Bank, Ltd. (The)........................... 69,000 292,151 Hyakujushi Bank, Ltd. (The)........................ 60,000 201,412 Ibiden Co., Ltd.................................... 34,300 515,644 IBJ Leasing Co., Ltd............................... 3,700 69,695 Ichibanya Co., Ltd................................. 1,600 66,338 Ichiken Co., Ltd................................... 2,000 5,455 Ichikoh Industries, Ltd............................ 6,000 12,347 ICHINEN HOLDINGS Co., Ltd.......................... 3,600 33,405 Ichiyoshi Securities Co., Ltd...................... 10,400 105,221 Idec Corp.......................................... 6,400 56,459 Idemitsu Kosan Co., Ltd............................ 25,100 418,966 Ihara Chemical Industry Co., Ltd................... 11,000 123,461 IHI Corp........................................... 115,000 599,158 Iida Group Holdings Co., Ltd....................... 20,916 260,148 Iino Kaiun Kaisha, Ltd............................. 24,200 141,241 * IJT Technology Holdings Co., Ltd................... 3,000 13,098 Ikyu Corp.......................................... 3,700 48,263 Imasen Electric Industrial......................... 3,000 38,713 Imperial Hotel, Ltd................................ 1,100 24,078 Inaba Denki Sangyo Co., Ltd........................ 5,800 195,868 Inabata & Co., Ltd................................. 12,900 117,562 1480 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Inageya Co., Ltd................................... 5,200 $ 57,585 Ines Corp.......................................... 8,100 60,491 Infocom Corp....................................... 4,900 37,376 Information Services International-Dentsu, Ltd..... 3,600 35,176 Intage Holdings, Inc............................... 3,800 53,792 Internet Initiative Japan, Inc..................... 9,300 195,081 Inui Global Logistics Co., Ltd..................... 1,800 14,969 Iriso Electronics Co., Ltd......................... 1,200 69,754 Ise Chemical Corp.................................. 3,000 19,499 Iseki & Co., Ltd................................... 56,000 106,836 Isetan Mitsukoshi Holdings, Ltd.................... 44,000 623,888 * Ishihara Sangyo Kaisha, Ltd........................ 99,000 85,936 Isuzu Motors, Ltd.................................. 45,500 605,719 IT Holdings Corp................................... 25,500 423,566 Ito En, Ltd........................................ 3,400 65,314 ITOCHU Corp........................................ 85,300 863,701 Itochu Enex Co., Ltd............................... 13,500 105,237 Itochu Techno-Solutions Corp....................... 5,600 199,848 Itochu-Shokuhin Co., Ltd........................... 900 30,695 Itoham Foods, Inc.................................. 44,000 251,210 Itoki Corp......................................... 10,000 49,375 Iwai Cosmo Holdings, Inc........................... 3,300 37,543 Iwasaki Electric Co., Ltd.......................... 16,000 31,543 # Iwatani Corp....................................... 62,000 400,265 Iyo Bank, Ltd. (The)............................... 62,443 720,538 Izumi Co., Ltd..................................... 6,200 222,361 * Izutsuya Co., Ltd.................................. 9,000 4,874 J Front Retailing Co., Ltd......................... 48,600 619,321 J-Oil Mills, Inc................................... 27,000 96,561 Jalux, Inc......................................... 800 14,743 Jamco Corp......................................... 2,000 54,289 #* Janome Sewing Machine Co., Ltd..................... 51,000 58,955 Japan Airport Terminal Co., Ltd.................... 9,100 410,044 Japan Aviation Electronics Industry, Ltd........... 18,000 406,817 #* Japan Communications, Inc.......................... 18,400 78,749 # Japan Drilling Co., Ltd............................ 2,000 71,580 Japan Exchange Group, Inc.......................... 15,900 370,000 Japan Pulp & Paper Co., Ltd........................ 19,000 53,537 * Japan Radio Co., Ltd............................... 23,000 73,274 Japan Steel Works, Ltd. (The)...................... 81,000 324,015 Japan Tobacco, Inc................................. 30,000 817,100 Japan Transcity Corp............................... 15,000 48,106 Japan Vilene Co., Ltd.............................. 10,000 50,855 Japan Wool Textile Co., Ltd. (The)................. 6,000 40,007 JBCC Holdings, Inc................................. 2,800 18,070 JCU Corp........................................... 200 9,230 Jeol, Ltd.......................................... 33,000 159,778 JFE Holdings, Inc.................................. 39,632 872,988 JGC Corp........................................... 23,000 467,771 Jin Co., Ltd....................................... 3,200 97,498 JK Holdings Co., Ltd............................... 700 3,300 JMS Co., Ltd....................................... 5,000 12,242 Joban Kosan Co., Ltd............................... 9,000 12,051 1481 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Joshin Denki Co., Ltd.............................. 11,000 $ 92,599 Jowa Holdings Co., Ltd............................. 3,500 108,248 Joyo Bank, Ltd. (The).............................. 79,000 397,070 JP-Holdings, Inc................................... 7,700 23,690 JSP Corp........................................... 6,600 131,896 JSR Corp........................................... 18,500 326,077 JTEKT Corp......................................... 35,700 588,770 Juki Corp.......................................... 31,000 101,328 Juroku Bank, Ltd. (The)............................ 50,000 164,988 * Justsystems Corp................................... 8,400 51,809 * JVC Kenwood Corp................................... 47,000 111,410 JX Holdings, Inc................................... 255,668 943,474 K&O Energy Group, Inc.............................. 3,000 38,541 K's Holdings Corp.................................. 11,780 345,977 kabu.com Securities Co., Ltd....................... 26,000 140,676 * Kadokawa Dwango Corp............................... 13,043 193,087 Kaga Electronics Co., Ltd.......................... 5,000 63,525 Kagome Co., Ltd.................................... 13,000 205,873 Kagoshima Bank, Ltd. (The)......................... 28,000 175,205 Kajima Corp........................................ 86,000 340,261 Kakaku.com, Inc.................................... 17,700 250,388 Kaken Pharmaceutical Co., Ltd...................... 12,000 255,344 Kakiyasu Honten Co., Ltd........................... 1,200 19,913 Kameda Seika Co., Ltd.............................. 2,500 84,304 Kamei Corp......................................... 7,000 46,262 Kamigumi Co., Ltd.................................. 56,000 559,610 Kanagawa Chuo Kotsu Co., Ltd....................... 7,000 35,115 Kanamoto Co., Ltd.................................. 8,800 228,952 Kandenko Co., Ltd.................................. 37,000 218,734 Kaneka Corp........................................ 74,000 451,666 Kanematsu Corp..................................... 127,000 180,899 * Kansai Electric Power Co., Inc. (The).............. 35,700 345,179 Kansai Paint Co., Ltd.............................. 27,000 471,914 Kansai Urban Banking Corp.......................... 7,700 77,506 * Kanto Denka Kogyo Co., Ltd......................... 12,000 56,900 Kao Corp........................................... 13,800 605,103 * Kappa Create Holdings Co., Ltd..................... 2,900 28,324 Kasai Kogyo Co., Ltd............................... 7,000 59,550 Kasumi Co., Ltd.................................... 9,600 80,520 Katakura Industries Co., Ltd....................... 8,100 84,001 Kato Sangyo Co., Ltd............................... 5,700 104,507 Kato Works Co., Ltd................................ 15,000 117,282 KAWADA TECHNOLOGIES, Inc........................... 2,400 85,324 Kawai Musical Instruments Manufacturing Co., Ltd... 2,100 41,472 Kawasaki Heavy Industries, Ltd..................... 150,000 718,668 Kawasaki Kisen Kaisha, Ltd......................... 245,000 701,304 Kawasumi Laboratories, Inc......................... 1,000 6,402 KDDI Corp.......................................... 21,800 1,538,838 Keihan Electric Railway Co., Ltd................... 126,000 764,964 Keihanshin Building Co., Ltd....................... 12,700 75,509 Keihin Co., Ltd.................................... 5,000 8,025 Keihin Corp........................................ 13,300 211,994 Keikyu Corp........................................ 23,000 179,388 1482 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Keio Corp.......................................... 30,000 $ 244,289 Keisei Electric Railway Co., Ltd................... 32,000 412,225 Keiyo Bank, Ltd. (The)............................. 84,000 458,286 Kewpie Corp........................................ 17,800 413,283 KEY Coffee, Inc.................................... 5,200 74,966 Keyence Corp....................................... 452 211,281 * KI Holdings Co., Ltd............................... 2,000 8,414 Kikkoman Corp...................................... 13,000 383,436 Kimoto Co., Ltd.................................... 9,200 23,296 Kinden Corp........................................ 19,000 225,059 Kintetsu Corp...................................... 86,000 303,184 * Kintetsu Department Store Co., Ltd................. 3,000 8,557 Kintetsu World Express, Inc........................ 3,500 149,037 Kinugawa Rubber Industrial Co., Ltd................ 17,000 76,181 Kirin Holdings Co., Ltd............................ 80,040 1,077,675 Kita-Nippon Bank, Ltd. (The)....................... 1,700 44,713 Kitagawa Iron Works Co., Ltd....................... 27,000 53,962 Kitano Construction Corp........................... 11,000 33,030 Kito Corp.......................................... 5,400 51,740 Kitz Corp.......................................... 25,900 122,985 Kiyo Bank, Ltd. (The).............................. 15,700 195,866 * KNT-CT Holdings Co., Ltd........................... 29,000 39,532 Koa Corp........................................... 8,500 77,831 Koatsu Gas Kogyo Co., Ltd.......................... 8,000 40,782 Kobayashi Pharmaceutical Co., Ltd.................. 2,600 173,887 Kobe Bussan Co., Ltd............................... 400 16,526 Kobe Steel, Ltd.................................... 876,000 1,536,336 Kohnan Shoji Co., Ltd.............................. 11,700 132,265 Kohsoku Corp....................................... 2,200 16,675 Koito Manufacturing Co., Ltd....................... 19,000 617,792 Kojima Co., Ltd.................................... 8,800 23,526 Kokusai Co., Ltd................................... 800 12,840 Kokuyo Co., Ltd.................................... 23,900 182,157 KOMAIHALTEC, Inc................................... 12,000 28,453 Komatsu Seiren Co., Ltd............................ 4,000 18,100 Komatsu, Ltd....................................... 33,000 647,111 Komeri Co., Ltd.................................... 9,700 208,047 Konaka Co., Ltd.................................... 5,400 28,202 Konami Corp........................................ 18,500 345,183 Konami Corp. ADR................................... 1,424 26,842 Kondotec, Inc...................................... 4,500 31,464 Konica Minolta, Inc................................ 82,100 903,462 Konishi Co., Ltd................................... 4,800 82,269 Kose Corp.......................................... 7,000 313,402 Kosei Securities Co., Ltd. (The)................... 9,000 16,692 Koshidaka Holdings Co., Ltd........................ 2,200 39,996 Kotobuki Spirits Co., Ltd.......................... 500 11,532 Krosaki Harima Corp................................ 10,000 20,563 KRS Corp........................................... 600 7,330 Kubota Corp........................................ 19,000 282,062 Kubota Corp. Sponsored ADR......................... 4,000 296,660 * Kumagai Gumi Co., Ltd.............................. 39,000 123,425 Kumiai Chemical Industry Co., Ltd.................. 14,000 108,950 1483 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Kura Corp.......................................... 4,200 $126,537 Kurabo Industries, Ltd............................. 63,000 105,651 Kuraray Co., Ltd................................... 31,900 400,564 Kureha Corp........................................ 39,000 162,472 Kurimoto, Ltd...................................... 31,000 58,156 Kurita Water Industries, Ltd....................... 22,000 468,676 Kuroda Electric Co., Ltd........................... 9,100 130,378 Kusuri No Aoki Co., Ltd............................ 1,800 119,579 KYB Co., Ltd....................................... 63,000 249,994 Kyocera Corp....................................... 5,932 261,095 Kyocera Corp. Sponsored ADR........................ 10,644 465,356 Kyodo Printing Co., Ltd............................ 22,000 73,736 Kyoei Steel, Ltd................................... 6,600 122,627 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 11,000 124,353 Kyokuto Securities Co., Ltd........................ 6,600 95,061 Kyokuyo Co., Ltd................................... 24,000 56,436 KYORIN Holdings, Inc............................... 10,700 216,341 Kyoritsu Maintenance Co., Ltd...................... 3,300 184,333 Kyoritsu Printing Co., Ltd......................... 3,500 8,663 Kyosan Electric Manufacturing Co., Ltd............. 12,000 38,191 Kyoto Kimono Yuzen Co., Ltd........................ 5,000 42,590 Kyowa Exeo Corp.................................... 22,200 234,291 Kyowa Hakko Kirin Co., Ltd......................... 24,000 273,300 Kyudenko Corp...................................... 11,000 147,733 * Kyushu Electric Power Co., Inc..................... 19,000 183,353 Lasertec Corp...................................... 3,200 39,581 Lawson, Inc........................................ 3,500 228,835 LEC, Inc........................................... 1,400 15,560 * Leopalace21 Corp................................... 71,100 460,039 Life Corp.......................................... 7,400 105,874 Lintec Corp........................................ 12,700 279,467 Lion Corp.......................................... 34,000 184,702 LIXIL Group Corp................................... 30,200 588,418 Look, Inc.......................................... 8,000 15,041 M3, Inc............................................ 8,600 172,995 Macnica, Inc....................................... 4,300 126,734 Maeda Corp......................................... 29,000 222,191 Maeda Kosen Co., Ltd............................... 4,900 47,029 Maeda Road Construction Co., Ltd................... 18,000 284,051 Maezawa Kyuso Industries Co., Ltd.................. 2,600 32,210 Makino Milling Machine Co., Ltd.................... 33,000 283,553 Makita Corp........................................ 3,600 159,684 Makita Corp. Sponsored ADR......................... 5,012 236,065 Mamiya-Op Co., Ltd................................. 8,000 14,981 Mandom Corp........................................ 3,000 101,295 Mani, Inc.......................................... 800 46,933 Mars Engineering Corp.............................. 2,700 47,766 Marubeni Corp...................................... 121,300 669,544 Marudai Food Co., Ltd.............................. 27,000 96,701 * Maruei Department Store Co., Ltd................... 5,000 5,914 Marufuji Sheet Piling Co., Ltd..................... 3,000 9,242 Maruha Nichiro Corp................................ 8,500 126,490 Marui Group Co., Ltd............................... 57,400 596,649 1484 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Marusan Securities Co., Ltd........................ 17,800 $ 123,058 Maruwa Co., Ltd.................................... 3,400 91,841 Maruyama Manufacturing Co., Inc.................... 14,000 27,333 * Maruzen CHI Holdings Co., Ltd...................... 3,700 11,176 Maruzen Showa Unyu Co., Ltd........................ 13,000 43,783 Marvelous, Inc..................................... 3,000 44,984 Matsuda Sangyo Co., Ltd............................ 5,700 64,693 Matsui Construction Co., Ltd....................... 3,000 17,517 Matsui Securities Co., Ltd......................... 8,000 67,662 Matsumotokiyoshi Holdings Co., Ltd................. 9,800 322,963 Matsuya Co., Ltd................................... 2,000 33,023 Matsuya Foods Co., Ltd............................. 3,000 62,959 Max Co., Ltd....................................... 8,000 86,955 Maxvalu Tokai Co., Ltd............................. 1,600 24,457 Mazda Motor Corp................................... 51,800 1,063,995 McDonald's Holdings Co. Japan, Ltd................. 4,000 87,737 MEC Co., Ltd....................................... 1,600 12,351 Medipal Holdings Corp.............................. 30,400 354,686 Megachips Corp..................................... 5,300 63,675 Megmilk Snow Brand Co., Ltd........................ 15,400 211,715 Meidensha Corp..................................... 61,000 181,953 MEIJI Holdings Co., Ltd............................ 8,887 976,473 Meiko Network Japan Co., Ltd....................... 2,000 20,694 Meisei Industrial Co., Ltd......................... 10,000 59,257 Meitec Corp........................................ 2,700 78,790 Meiwa Corp......................................... 3,900 15,229 Meiwa Estate Co., Ltd.............................. 2,200 9,134 Melco Holdings, Inc................................ 1,100 17,362 Message Co., Ltd................................... 2,200 58,736 Michinoku Bank, Ltd. (The)......................... 30,000 56,242 Micronics Japan Co., Ltd........................... 2,200 59,486 Mie Bank, Ltd. (The)............................... 22,000 48,756 Milbon Co., Ltd.................................... 1,196 33,830 Mimasu Semiconductor Industry Co., Ltd............. 4,300 48,648 Minato Bank, Ltd. (The)............................ 44,000 84,695 Minebea Co., Ltd................................... 70,000 1,079,971 Ministop Co., Ltd.................................. 3,500 47,230 Miraca Holdings, Inc............................... 10,700 479,219 Mirait Holdings Corp............................... 20,680 239,756 Misawa Homes Co., Ltd.............................. 10,500 93,025 MISUMI Group, Inc.................................. 6,500 242,797 Mitani Corp........................................ 3,700 85,114 Mitani Sekisan Co., Ltd............................ 1,200 20,440 Mito Securities Co., Ltd........................... 13,000 45,169 Mitsuba Corp....................................... 12,100 214,726 Mitsubishi Chemical Holdings Corp.................. 373,000 1,933,196 Mitsubishi Corp.................................... 95,100 1,659,038 Mitsubishi Electric Corp........................... 66,000 763,338 Mitsubishi Estate Co., Ltd......................... 15,000 301,811 Mitsubishi Gas Chemical Co., Inc................... 70,000 316,495 Mitsubishi Heavy Industries, Ltd................... 250,500 1,382,658 Mitsubishi Logistics Corp.......................... 34,000 505,652 Mitsubishi Materials Corp.......................... 250,000 788,340 1485 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Mitsubishi Motors Corp............................. 50,500 $ 426,937 Mitsubishi Nichiyu Forklift Co., Ltd............... 7,000 43,006 * Mitsubishi Paper Mills, Ltd........................ 113,000 83,180 Mitsubishi Pencil Co., Ltd......................... 3,400 100,432 Mitsubishi Research Institute, Inc................. 2,200 52,803 Mitsubishi Shokuhin Co., Ltd....................... 2,100 46,614 Mitsubishi Steel Manufacturing Co., Ltd............ 41,000 83,001 Mitsubishi Tanabe Pharma Corp...................... 26,500 418,940 Mitsubishi UFJ Financial Group, Inc................ 471,500 2,505,676 Mitsubishi UFJ Financial Group, Inc. ADR........... 398,245 2,110,698 Mitsuboshi Belting Co., Ltd........................ 12,000 98,078 Mitsui & Co., Ltd.................................. 84,300 1,072,696 Mitsui & Co., Ltd. Sponsored ADR................... 1,892 480,568 Mitsui Chemicals, Inc.............................. 215,000 629,083 Mitsui Engineering & Shipbuilding Co., Ltd......... 244,000 396,694 Mitsui Fudosan Co., Ltd............................ 15,000 379,224 Mitsui High-Tec, Inc............................... 3,500 23,559 Mitsui Home Co., Ltd............................... 9,000 37,878 Mitsui Matsushima Co., Ltd......................... 36,000 38,040 Mitsui Mining & Smelting Co., Ltd.................. 210,000 438,516 Mitsui OSK Lines, Ltd.............................. 159,000 536,777 Mitsui Sugar Co., Ltd.............................. 31,000 105,119 Mitsui-Soko Holdings Co., Ltd...................... 33,000 110,634 Miura Co., Ltd..................................... 16,800 189,757 Miyaji Engineering Group, Inc...................... 17,000 26,204 Miyazaki Bank, Ltd. (The).......................... 56,000 194,014 Miyoshi Oil & Fat Co., Ltd......................... 18,000 21,193 Mizuho Financial Group, Inc........................ 1,822,055 2,979,275 Mizuho Financial Group, Inc. ADR................... 5,047 16,251 Mizuno Corp........................................ 35,000 172,124 Mochida Pharmaceutical Co., Ltd.................... 2,400 131,789 Monex Group, Inc................................... 53,400 109,631 Monogatari Corp. (The)............................. 1,300 45,076 MonotaRO Co., Ltd.................................. 6,200 157,277 MORESCO Corp....................................... 1,900 35,258 Morinaga & Co., Ltd................................ 49,000 152,452 Morinaga Milk Industry Co., Ltd.................... 62,000 268,035 Morita Holdings Corp............................... 9,000 99,331 Morozoff, Ltd...................................... 6,000 18,818 Mory Industries, Inc............................... 2,000 7,078 Moshi Moshi Hotline, Inc........................... 7,700 84,963 Mr Max Corp........................................ 8,300 20,392 MS&AD Insurance Group Holdings..................... 34,813 846,450 MTI, Ltd........................................... 7,100 89,463 Murata Manufacturing Co., Ltd...................... 6,600 712,498 Musashi Seimitsu Industry Co., Ltd................. 8,400 158,163 Musashino Bank, Ltd. (The)......................... 2,700 88,500 Mutoh Holdings Co., Ltd............................ 8,000 31,336 Nabtesco Corp...................................... 11,800 304,635 NAC Co., Ltd....................................... 1,900 17,179 Nachi-Fujikoshi Corp............................... 63,000 338,761 Nagaileben Co., Ltd................................ 4,800 79,366 Nagano Bank, Ltd. (The)............................ 15,000 26,553 1486 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nagase & Co., Ltd.................................. 31,300 $ 389,112 Nagatanien Co., Ltd................................ 3,000 28,949 Nagoya Railroad Co., Ltd........................... 81,000 318,209 Nakabayashi Co., Ltd............................... 4,000 7,351 Nakamuraya Co., Ltd................................ 8,917 36,125 Nakanishi, Inc..................................... 1,500 54,915 Nankai Electric Railway Co., Ltd................... 52,000 208,178 Nanto Bank, Ltd. (The)............................. 83,000 278,252 Natori Co., Ltd.................................... 500 5,963 NDS Co., Ltd....................................... 9,000 22,934 NEC Capital Solutions, Ltd......................... 800 12,039 NEC Corp........................................... 534,000 1,508,365 NEC Networks & System Integration Corp............. 6,100 131,093 NET One Systems Co., Ltd........................... 20,800 124,313 Neturen Co., Ltd................................... 10,000 74,539 * New Japan Chemical Co., Ltd........................ 8,500 15,433 Nexon Co., Ltd..................................... 16,100 158,480 Next Co., Ltd...................................... 4,900 40,887 NGK Insulators, Ltd................................ 26,000 523,932 NGK Spark Plug Co., Ltd............................ 16,000 474,318 NH Foods, Ltd...................................... 33,000 815,830 NHK Spring Co., Ltd................................ 46,700 421,226 Nice Holdings, Inc................................. 16,000 25,700 Nichi-iko Pharmaceutical Co., Ltd.................. 14,600 262,912 Nichia Steel Works, Ltd............................ 2,000 5,822 Nichias Corp....................................... 24,000 131,770 Nichiban Co., Ltd.................................. 1,000 3,884 Nichicon Corp...................................... 19,900 151,467 Nichiha Corp....................................... 9,600 102,757 # Nichii Gakkan Co................................... 11,200 116,832 Nichimo Co., Ltd................................... 7,000 11,906 Nichirei Corp...................................... 87,000 461,179 Nichireki Co., Ltd................................. 9,000 70,751 Nidec Corp......................................... 3,618 246,225 Nidec Corp. ADR.................................... 8,634 146,864 Nifco, Inc......................................... 14,200 489,147 NIFTY Corp......................................... 1,300 14,526 Nihon Chouzai Co., Ltd............................. 130 4,109 Nihon Dempa Kogyo Co., Ltd......................... 4,400 35,076 Nihon Eslead Corp.................................. 1,000 10,408 Nihon Kohden Corp.................................. 6,200 306,683 Nihon M&A Center, Inc.............................. 5,300 183,943 Nihon Nohyaku Co., Ltd............................. 14,100 165,830 Nihon Parkerizing Co., Ltd......................... 9,000 214,567 Nihon Shokuhin Kako Co., Ltd....................... 1,000 3,198 Nihon Trim Co., Ltd................................ 2,500 56,082 Nihon Unisys, Ltd.................................. 18,400 160,887 Nihon Yamamura Glass Co., Ltd...................... 19,000 27,527 Nikkiso Co., Ltd................................... 13,400 117,924 # Nikon Corp......................................... 39,500 501,188 Nippo Corp......................................... 17,000 264,341 Nippon Air Conditioning Services Co., Ltd.......... 1,400 10,340 Nippon Beet Sugar Manufacturing Co., Ltd........... 22,000 38,269 1487 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nippon Carbide Industries Co., Inc................... 16,000 $ 29,823 Nippon Carbon Co., Ltd............................... 5,000 10,206 * Nippon Chemi-Con Corp................................ 58,000 163,650 Nippon Chemiphar Co., Ltd............................ 9,000 42,767 Nippon Chutetsukan K.K............................... 4,000 7,984 Nippon Coke & Engineering Co., Ltd................... 48,000 44,659 # Nippon Concrete Industries Co., Ltd.................. 8,000 38,105 * Nippon Denko Co., Ltd................................ 31,865 80,315 Nippon Densetsu Kogyo Co., Ltd....................... 9,600 137,748 Nippon Electric Glass Co., Ltd....................... 103,000 531,586 Nippon Express Co., Ltd.............................. 114,000 665,054 Nippon Fine Chemical Co., Ltd........................ 1,900 13,608 Nippon Flour Mills Co., Ltd.......................... 36,000 170,741 Nippon Gas Co., Ltd.................................. 7,500 184,389 Nippon Hume Corp..................................... 3,500 25,806 Nippon Jogesuido Sekkei Co., Ltd..................... 800 13,039 Nippon Kanzai Co., Ltd............................... 2,200 47,850 Nippon Kayaku Co., Ltd............................... 33,000 460,349 * Nippon Kinzoku Co., Ltd.............................. 14,000 16,993 Nippon Koei Co., Ltd................................. 18,000 72,350 Nippon Konpo Unyu Soko Co., Ltd...................... 15,700 244,644 * Nippon Koshuha Steel Co., Ltd........................ 20,000 18,388 Nippon Light Metal Holdings Co., Ltd................. 185,300 277,028 Nippon Paint Holdings Co., Ltd....................... 16,000 501,204 Nippon Paper Industries Co., Ltd..................... 26,100 411,573 Nippon Parking Development Co., Ltd.................. 4,900 5,246 Nippon Pillar Packing Co., Ltd....................... 9,000 67,035 Nippon Piston Ring Co., Ltd.......................... 19,000 38,227 Nippon Road Co., Ltd. (The).......................... 23,000 109,814 Nippon Seisen Co., Ltd............................... 4,000 22,719 * Nippon Sheet Glass Co., Ltd.......................... 302,000 277,268 Nippon Shinyaku Co., Ltd............................. 11,000 363,377 Nippon Shokubai Co., Ltd............................. 32,000 429,840 Nippon Signal Co., Ltd. (The)........................ 11,500 125,072 Nippon Soda Co., Ltd................................. 51,000 290,052 Nippon Steel & Sumikin Bussan Corp................... 49,520 180,918 Nippon Steel & Sumikin Texeng Co., Ltd............... 12,000 52,009 Nippon Steel & Sumitomo Metal Corp................... 770,120 1,799,996 * Nippon Suisan Kaisha, Ltd............................ 88,600 306,150 Nippon Synthetic Chemical Industry Co., Ltd. (The)... 15,000 92,241 Nippon Telegraph & Telephone Corp.................... 2,600 153,886 Nippon Telegraph & Telephone Corp. ADR............... 12,740 376,340 Nippon Thompson Co., Ltd............................. 18,000 87,217 Nippon Valqua Industries, Ltd........................ 16,000 42,214 #* Nippon Yakin Kogyo Co., Ltd.......................... 27,000 53,890 Nippon Yusen K.K..................................... 248,000 737,331 Nipro Corp........................................... 42,600 373,110 Nishi-Nippon City Bank, Ltd. (The)................... 160,000 519,577 Nishi-Nippon Railroad Co., Ltd....................... 63,000 272,740 Nishikawa Rubber Co., Ltd............................ 200 3,321 Nishimatsu Construction Co., Ltd..................... 48,000 192,825 Nishimatsuya Chain Co., Ltd.......................... 15,500 123,466 Nishio Rent All Co., Ltd............................. 5,600 171,540 1488 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nissan Chemical Industries, Ltd.................... 19,100 $ 351,654 Nissan Motor Co., Ltd.............................. 324,700 2,768,787 Nissan Shatai Co., Ltd............................. 18,000 197,813 Nissan Tokyo Sales Holdings Co., Ltd............... 3,000 6,715 Nissei ASB Machine Co., Ltd........................ 3,100 72,915 Nissei Build Kogyo Co., Ltd........................ 22,000 52,239 Nissei Plastic Industrial Co., Ltd................. 3,900 45,914 Nissha Printing Co., Ltd........................... 7,600 121,825 Nisshin Oillio Group, Ltd. (The)................... 42,000 152,759 Nisshin Seifun Group, Inc.......................... 59,070 726,486 Nisshin Steel Co., Ltd............................. 14,840 153,614 Nisshinbo Holdings, Inc............................ 40,000 449,488 Nissin Corp........................................ 17,000 42,340 Nissin Electric Co., Ltd........................... 12,000 71,249 Nissin Foods Holdings Co., Ltd..................... 3,000 161,909 Nissin Kogyo Co., Ltd.............................. 11,800 180,642 Nissui Pharmaceutical Co., Ltd..................... 3,000 32,248 Nitori Holdings Co., Ltd........................... 3,700 209,196 Nitta Corp......................................... 4,200 100,892 Nittetsu Mining Co., Ltd........................... 16,000 56,555 Nitto Boseki Co., Ltd.............................. 32,000 111,915 Nitto Denko Corp................................... 16,700 996,964 Nitto Kogyo Corp................................... 7,600 146,545 Nitto Kohki Co., Ltd............................... 2,500 46,548 Nittoc Construction Co., Ltd....................... 3,700 17,723 NOF Corp........................................... 38,000 243,360 Nohmi Bosai, Ltd................................... 4,000 50,032 NOK Corp........................................... 26,500 762,282 Nomura Co., Ltd.................................... 6,700 63,196 Nomura Holdings, Inc............................... 93,000 494,448 Nomura Holdings, Inc. ADR.......................... 119,749 633,472 Nomura Real Estate Holdings, Inc................... 28,700 482,928 Nomura Research Institute, Ltd..................... 3,300 112,048 Noritake Co., Ltd.................................. 27,000 67,750 Noritz Corp........................................ 10,300 162,162 North Pacific Bank, Ltd............................ 105,900 394,504 NS Solutions Corp.................................. 3,400 82,544 NS United Kaiun Kaisha, Ltd........................ 32,000 104,250 NSD Co., Ltd....................................... 6,300 97,280 NSK, Ltd........................................... 45,000 527,336 NTN Corp........................................... 172,000 736,111 NTT Data Corp...................................... 10,600 403,201 NTT DOCOMO, Inc.................................... 149,700 2,527,131 NTT DOCOMO, Inc. Sponsored ADR..................... 9,600 162,048 NTT Urban Development Corp......................... 11,300 108,414 Nuflare Technology, Inc............................ 600 21,860 Obara Group, Inc................................... 2,900 144,736 Obayashi Corp...................................... 69,000 436,786 Obayashi Road Corp................................. 10,000 58,448 Obic Co., Ltd...................................... 9,700 325,384 Odakyu Electric Railway Co., Ltd................... 25,000 243,206 Odelic Co., Ltd.................................... 100 2,449 Oenon Holdings, Inc................................ 13,000 23,959 1489 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Ogaki Kyoritsu Bank, Ltd. (The).................... 24,000 $ 73,680 Ohara, Inc......................................... 1,600 7,664 Ohsho Food Service Corp............................ 2,900 116,490 Oiles Corp......................................... 6,384 117,812 Oita Bank, Ltd. (The).............................. 46,000 161,247 Oji Holdings Corp.................................. 195,000 735,045 Okabe Co., Ltd..................................... 9,000 77,608 Okamoto Industries, Inc............................ 10,000 36,660 Okamura Corp....................................... 16,600 121,600 Oki Electric Industry Co., Ltd..................... 137,000 279,834 Okinawa Cellular Telephone Co...................... 2,300 66,375 Okinawa Electric Power Co., Inc. (The)............. 3,400 117,783 OKK Corp........................................... 21,000 29,216 OKUMA Corp......................................... 37,000 314,834 Okumura Corp....................................... 61,000 278,353 Okura Industrial Co., Ltd.......................... 12,000 35,438 Okuwa Co., Ltd..................................... 4,000 32,614 Olympic Group Corp................................. 1,500 10,703 * Olympus Corp....................................... 12,800 442,676 Omron Corp......................................... 11,800 471,748 ONO Sokki Co., Ltd................................. 2,500 19,254 Onoken Co., Ltd.................................... 4,100 33,547 Onward Holdings Co., Ltd........................... 28,000 180,568 Optex Co., Ltd..................................... 1,300 21,131 Oracle Corp. Japan................................. 2,400 99,780 Organo Corp........................................ 12,000 48,411 Oriental Land Co., Ltd............................. 1,200 290,749 Origin Electric Co., Ltd........................... 6,000 25,398 Osaka Gas Co., Ltd................................. 91,000 358,689 Osaka Organic Chemical Industry, Ltd............... 1,400 5,893 Osaka Steel Co., Ltd............................... 3,300 62,378 OSAKA Titanium Technologies Co., Ltd............... 3,200 67,049 # Osaki Electric Co., Ltd............................ 4,000 27,189 OSG Corp........................................... 25,800 475,024 Otsuka Corp........................................ 3,300 113,942 Otsuka Holdings Co., Ltd........................... 21,000 649,720 Outsourcing, Inc................................... 800 12,365 Pacific Industrial Co., Ltd........................ 10,000 81,159 * Pacific Metals Co., Ltd............................ 45,000 121,226 Pack Corp. (The)................................... 2,600 51,109 Pal Co., Ltd....................................... 3,200 83,120 Paltac Corp........................................ 10,350 130,278 PanaHome Corp...................................... 24,000 144,196 Panasonic Corp..................................... 88,300 1,003,077 Panasonic Corp. Sponsored ADR...................... 64,414 731,099 Panasonic Industrial Devices SUNX Co., Ltd......... 5,800 40,894 Paramount Bed Holdings Co., Ltd.................... 3,900 107,870 Parco Co., Ltd..................................... 6,300 53,654 Paris Miki Holdings, Inc........................... 3,700 15,011 Park24 Co., Ltd.................................... 13,100 224,148 Pasco Corp......................................... 1,000 2,855 Pasona Group, Inc.................................. 2,700 15,308 Penta-Ocean Construction Co., Ltd.................. 55,000 209,629 1490 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Pigeon Corp........................................ 3,900 $ 243,510 Pilot Corp......................................... 3,300 195,590 Piolax, Inc........................................ 2,600 124,899 * Pioneer Corp....................................... 87,200 163,983 Plenus Co., Ltd.................................... 6,400 110,059 Pola Orbis Holdings, Inc........................... 4,200 178,855 Press Kogyo Co., Ltd............................... 32,000 107,804 Pressance Corp..................................... 2,000 63,906 Prestige International, Inc........................ 2,500 21,397 Prima Meat Packers, Ltd............................ 49,000 127,408 Pronexus, Inc...................................... 4,500 28,554 Proto Corp......................................... 3,600 56,395 # PS Mitsubishi Construction Co., Ltd................ 5,200 21,495 Qol Co., Ltd....................................... 1,800 12,838 Raito Kogyo Co., Ltd............................... 9,000 89,167 * Rakuten, Inc....................................... 21,800 301,805 * Rasa Industries, Ltd............................... 39,000 43,375 Relo Holdings, Inc................................. 2,600 193,757 Renaissance, Inc................................... 500 4,923 Rengo Co., Ltd..................................... 70,000 294,109 * Renown, Inc........................................ 7,000 6,646 Resona Holdings, Inc............................... 201,900 1,001,668 Resorttrust, Inc................................... 14,600 349,670 Ricoh Co., Ltd..................................... 141,981 1,385,078 Ricoh Leasing Co., Ltd............................. 5,900 154,409 Right On Co., Ltd.................................. 2,700 17,025 Riken Corp......................................... 33,000 129,235 Riken Technos Corp................................. 10,600 39,017 Riken Vitamin Co., Ltd............................. 1,700 64,462 Ringer Hut Co., Ltd................................ 2,600 51,073 Rinnai Corp........................................ 1,600 107,098 Riso Kagaku Corp................................... 7,360 127,959 #* Riso Kyoiku Co., Ltd............................... 7,600 16,197 Rock Field Co., Ltd................................ 2,800 49,919 Rohto Pharmaceutical Co., Ltd...................... 17,600 236,393 Rokko Butter Co., Ltd.............................. 2,100 18,944 Roland DG Corp..................................... 2,300 68,400 Round One Corp..................................... 26,200 163,609 Royal Holdings Co., Ltd............................ 6,300 90,091 Ryobi, Ltd......................................... 45,000 121,042 Ryoden Trading Co., Ltd............................ 2,000 13,755 Ryohin Keikaku Co., Ltd............................ 2,500 276,944 Ryosan Co., Ltd.................................... 9,900 210,148 S Foods, Inc....................................... 2,000 35,880 Sac's Bar Holdings, Inc............................ 2,550 36,748 Saibu Gas Co., Ltd................................. 48,000 106,312 Saizeriya Co., Ltd................................. 8,300 134,353 Sakai Chemical Industry Co., Ltd................... 28,000 99,641 Sakai Moving Service Co., Ltd...................... 900 29,754 Sakai Ovex Co., Ltd................................ 19,000 28,727 Sakata INX Corp.................................... 12,000 126,953 Sakata Seed Corp................................... 9,400 163,257 Sala Corp.......................................... 3,000 15,176 1491 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) San-A Co., Ltd..................................... 5,000 $ 166,928 San-Ai Oil Co., Ltd................................ 19,000 126,081 San-In Godo Bank, Ltd. (The)....................... 33,000 269,264 Sanden Corp........................................ 28,000 130,768 Sanei Architecture Planning Co., Ltd............... 1,300 9,932 Sangetsu Co., Ltd.................................. 9,900 265,141 * Sanix, Inc......................................... 5,500 17,668 Sanken Electric Co., Ltd........................... 38,000 310,809 Sanko Marketing Foods Co., Ltd..................... 700 5,388 Sanko Metal Industrial Co., Ltd.................... 4,000 8,737 Sankyo Co., Ltd.................................... 6,000 215,640 Sankyo Tateyama, Inc............................... 8,700 133,793 Sankyu, Inc........................................ 87,000 348,041 Sanoh Industrial Co., Ltd.......................... 6,500 40,905 Sanrio Co., Ltd.................................... 6,100 151,148 Sanshin Electronics Co., Ltd....................... 7,000 47,734 Santen Pharmaceutical Co., Ltd..................... 3,100 193,454 Sanwa Holdings Corp................................ 58,000 401,079 Sanyo Chemical Industries, Ltd..................... 23,000 166,751 Sanyo Denki Co., Ltd............................... 10,000 71,834 Sanyo Electric Railway Co., Ltd.................... 3,000 11,781 Sanyo Shokai, Ltd.................................. 38,000 89,533 Sanyo Special Steel Co., Ltd....................... 36,000 120,818 Sapporo Holdings, Ltd.............................. 120,000 505,471 Sato Holdings Corp................................. 5,700 131,907 Satori Electric Co., Ltd........................... 2,700 17,365 Sawada Holdings Co., Ltd........................... 7,000 50,679 Sawai Pharmaceutical Co., Ltd...................... 5,200 314,677 Saxa Holdings, Inc................................. 6,000 11,736 SBI Holdings, Inc.................................. 59,430 635,044 SBS Holdings, Inc.................................. 2,700 21,503 Scroll Corp........................................ 8,200 19,895 SCSK Corp.......................................... 4,900 122,016 Secom Co., Ltd..................................... 7,000 406,323 Sega Sammy Holdings, Inc........................... 19,900 259,142 Seika Corp......................................... 16,000 39,553 Seikitokyu Kogyo Co., Ltd.......................... 4,300 20,292 Seiko Epson Corp................................... 10,300 418,313 Seiko Holdings Corp................................ 51,000 278,171 Seino Holdings Co., Ltd............................ 33,000 359,084 Seiren Co., Ltd.................................... 10,500 85,585 Sekisui Chemical Co., Ltd.......................... 70,000 765,573 Sekisui House, Ltd................................. 71,000 918,138 Sekisui Jushi Corp................................. 7,900 105,019 Sekisui Plastics Co., Ltd.......................... 13,000 50,415 Senko Co., Ltd..................................... 33,000 190,755 Senshu Electric Co., Ltd........................... 1,300 17,360 Senshu Ikeda Holdings, Inc......................... 59,440 263,940 Senshukai Co., Ltd................................. 8,300 58,528 Seria Co., Ltd..................................... 3,600 103,905 Seven & I Holdings Co., Ltd........................ 29,900 1,094,163 Seven Bank, Ltd.................................... 40,700 182,164 #* Sharp Corp......................................... 133,000 260,349 1492 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Shibaura Mechatronics Corp......................... 21,000 $ 51,854 Shibuya Kogyo Co., Ltd............................. 2,600 53,896 Shidax Corp........................................ 1,700 7,782 Shiga Bank, Ltd. (The)............................. 67,000 373,729 Shikibo, Ltd....................................... 29,000 29,058 Shikoku Bank, Ltd. (The)........................... 67,000 140,034 Shikoku Chemicals Corp............................. 11,000 85,440 * Shikoku Electric Power Co., Inc.................... 17,700 222,578 Shima Seiki Manufacturing, Ltd..................... 9,100 159,719 Shimachu Co., Ltd.................................. 12,700 318,331 Shimadzu Corp...................................... 48,000 498,712 Shimamura Co., Ltd................................. 5,100 453,650 Shimano, Inc....................................... 2,900 383,361 Shimizu Bank, Ltd. (The)........................... 1,800 44,274 Shimizu Corp....................................... 59,000 407,079 Shimojima Co., Ltd................................. 700 6,328 Shin Nippon Air Technologies Co., Ltd.............. 3,500 28,504 Shin-Etsu Chemical Co., Ltd........................ 15,100 999,834 Shin-Keisei Electric Railway Co., Ltd.............. 7,000 23,790 Shinagawa Refractories Co., Ltd.................... 17,000 38,255 Shindengen Electric Manufacturing Co., Ltd......... 24,000 128,722 Shinko Electric Industries Co., Ltd................ 26,400 184,918 Shinko Plantech Co., Ltd........................... 7,800 58,278 Shinko Shoji Co., Ltd.............................. 5,300 54,863 Shinmaywa Industries, Ltd.......................... 24,000 233,785 Shinnihon Corp..................................... 6,900 26,058 Shinsei Bank, Ltd.................................. 217,000 393,318 Shinsho Corp....................................... 8,000 17,973 Shionogi & Co., Ltd................................ 29,300 879,212 Ship Healthcare Holdings, Inc...................... 6,800 168,758 Shiroki Corp....................................... 13,000 34,128 Shiseido Co., Ltd.................................. 25,800 413,799 Shizuoka Bank, Ltd. (The).......................... 74,000 676,191 Shizuoka Gas Co., Ltd.............................. 16,500 105,363 SHO-BOND Holdings Co., Ltd......................... 2,100 88,897 Shochiku Co., Ltd.................................. 9,000 89,278 Shoko Co., Ltd..................................... 4,000 5,575 Showa Aircraft Industry Co., Ltd................... 2,000 19,402 Showa Corp......................................... 15,400 156,446 Showa Denko K.K.................................... 452,000 577,690 Showa Sangyo Co., Ltd.............................. 18,000 74,144 Showa Shell Sekiyu K.K............................. 45,500 444,059 Siix Corp.......................................... 7,200 154,569 Sinanen Co., Ltd................................... 10,000 39,151 Sinfonia Technology Co., Ltd....................... 20,000 31,694 Sinko Industries, Ltd.............................. 1,900 22,028 Sintokogio, Ltd.................................... 15,700 110,835 SKY Perfect JSAT Holdings, Inc..................... 48,500 293,710 SMC Corp........................................... 900 241,350 SMK Corp........................................... 14,000 58,158 SMS Co., Ltd....................................... 4,200 37,857 Soda Nikka Co., Ltd................................ 3,000 12,795 Sodick Co., Ltd.................................... 11,700 100,913 1493 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Softbank Corp...................................... 27,996 $1,647,611 Software Service, Inc.............................. 300 10,174 Sogo Medical Co., Ltd.............................. 1,600 77,083 Sojitz Corp........................................ 294,700 380,931 Sompo Japan Nipponkoa Holdings, Inc................ 22,075 612,515 Sony Corp.......................................... 26,000 611,548 Sony Corp. Sponsored ADR........................... 52,202 1,215,785 Sony Financial Holdings, Inc....................... 19,700 273,791 Sotetsu Holdings, Inc.............................. 48,000 219,507 Square Enix Holdings Co., Ltd...................... 5,900 129,530 ST Corp............................................ 1,400 12,091 St Marc Holdings Co., Ltd.......................... 2,700 173,618 Stanley Electric Co., Ltd.......................... 18,100 402,852 Star Micronics Co., Ltd............................ 8,400 104,943 Start Today Co., Ltd............................... 6,000 121,279 Starts Corp., Inc.................................. 3,000 41,588 Starzen Co., Ltd................................... 12,000 41,518 Stella Chemifa Corp................................ 2,500 27,512 Studio Alice Co., Ltd.............................. 3,400 53,250 Sugi Holdings Co., Ltd............................. 3,300 154,944 #* Sumco Corp......................................... 21,700 364,187 Sumida Corp........................................ 3,200 21,296 Suminoe Textile Co., Ltd........................... 13,000 32,671 Sumitomo Bakelite Co., Ltd......................... 57,000 235,919 Sumitomo Chemical Co., Ltd......................... 333,355 1,311,519 Sumitomo Corp...................................... 80,600 795,389 Sumitomo Dainippon Pharma Co., Ltd................. 18,000 189,219 Sumitomo Densetsu Co., Ltd......................... 4,800 56,862 Sumitomo Electric Industries, Ltd.................. 71,600 922,615 Sumitomo Forestry Co., Ltd......................... 37,000 344,136 Sumitomo Heavy Industries, Ltd..................... 140,000 757,597 Sumitomo Metal Mining Co., Ltd..................... 56,000 800,356 #* Sumitomo Mitsui Construction Co., Ltd.............. 164,300 230,064 Sumitomo Mitsui Financial Group, Inc............... 110,183 3,697,392 Sumitomo Mitsui Trust Holdings, Inc................ 249,440 877,162 Sumitomo Osaka Cement Co., Ltd..................... 118,000 343,126 Sumitomo Precision Products Co., Ltd............... 7,000 29,917 Sumitomo Real Estate Sales Co., Ltd................ 3,400 80,420 Sumitomo Realty & Development Co., Ltd............. 9,000 287,074 Sumitomo Riko Co, Ltd.............................. 14,700 119,838 Sumitomo Rubber Industries, Ltd.................... 33,200 516,276 Sumitomo Seika Chemicals Co., Ltd.................. 14,000 99,200 Sumitomo Warehouse Co., Ltd. (The)................. 49,000 274,264 Sun Frontier Fudousan Co., Ltd..................... 6,100 47,407 Sun-Wa Technos Corp................................ 3,400 34,812 Sundrug Co., Ltd................................... 4,500 191,011 Suntory Beverage & Food, Ltd....................... 2,100 73,644 Suruga Bank, Ltd................................... 25,000 469,395 Suzuken Co., Ltd................................... 12,000 338,069 Suzuki Motor Corp.................................. 32,200 1,018,169 Sysmex Corp........................................ 7,800 348,560 Systena Corp....................................... 2,400 17,357 T Hasegawa Co., Ltd................................ 3,800 54,889 1494 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) T RAD Co., Ltd..................................... 14,000 $ 28,538 T&D Holdings, Inc.................................. 86,200 970,749 T&K Toka Co., Ltd.................................. 2,800 53,074 T-Gaia Corp........................................ 4,300 46,711 Tabuchi Electric Co., Ltd.......................... 6,000 53,324 Tachi-S Co., Ltd................................... 7,300 106,348 Tachibana Eletech Co., Ltd......................... 2,600 35,916 Tadano, Ltd........................................ 20,000 240,716 Taiheiyo Cement Corp............................... 119,000 349,188 Taiho Kogyo Co., Ltd............................... 6,900 76,725 Taikisha, Ltd...................................... 5,600 133,218 Taiko Bank, Ltd. (The)............................. 1,000 1,880 Taiko Pharmaceutical Co., Ltd...................... 4,000 61,557 Taisei Corp........................................ 45,000 261,023 Taisei Lamick Co., Ltd............................. 1,100 26,482 Taiyo Holdings Co., Ltd............................ 2,800 101,783 Taiyo Yuden Co., Ltd............................... 34,500 428,108 Takagi Securities Co., Ltd......................... 10,000 20,301 Takaoka Toko Co., Ltd.............................. 1,980 29,325 Takara Holdings, Inc............................... 32,000 204,116 Takara Leben Co., Ltd.............................. 36,800 191,966 Takara Standard Co., Ltd........................... 29,000 220,686 Takasago International Corp........................ 15,000 74,600 Takasago Thermal Engineering Co., Ltd.............. 14,600 183,161 Takashima & Co., Ltd............................... 16,000 33,117 Takashimaya Co., Ltd............................... 67,000 587,663 # Takata Corp........................................ 11,500 134,127 Take And Give Needs Co., Ltd....................... 1,920 15,654 Takeda Pharmaceutical Co., Ltd..................... 16,000 799,350 Takeei Corp........................................ 5,400 41,699 Takeuchi Manufacturing Co., Ltd.................... 3,300 121,035 Takihyo Co., Ltd................................... 5,000 17,563 Takiron Co., Ltd................................... 10,000 44,373 Takisawa Machine Tool Co., Ltd..................... 14,000 25,112 Takuma Co., Ltd.................................... 21,000 148,031 Tama Home Co., Ltd................................. 1,700 7,686 Tamron Co., Ltd.................................... 3,700 72,269 Tamura Corp........................................ 19,000 63,926 Tanseisha Co., Ltd................................. 5,200 35,585 Tatsuta Electric Wire and Cable Co., Ltd........... 15,000 62,533 Tayca Corp......................................... 5,000 17,841 TBK Co., Ltd....................................... 7,000 36,348 TDK Corp........................................... 11,700 729,163 TDK Corp. Sponsored ADR............................ 7,012 447,716 Teijin, Ltd........................................ 252,000 750,669 Teikoku Electric Manufacturing Co., Ltd............ 5,600 58,233 Terumo Corp........................................ 12,500 309,987 THK Co., Ltd....................................... 14,300 347,283 Toa Corp.(6894434)................................. 6,000 60,215 Toa Corp.(6894508)................................. 68,000 115,683 Toa Oil Co., Ltd................................... 6,000 7,400 TOA ROAD Corp...................................... 18,000 65,978 Toagosei Co., Ltd.................................. 64,000 255,825 1495 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) #* Tobishima Corp..................................... 31,100 $ 67,837 Tobu Railway Co., Ltd.............................. 43,000 206,790 Tobu Store Co., Ltd................................ 10,000 23,876 TOC Co., Ltd....................................... 16,400 99,694 Tocalo Co., Ltd.................................... 2,800 47,137 Tochigi Bank, Ltd. (The)........................... 31,000 143,153 Toda Corp.......................................... 56,000 200,275 * Toda Kogyo Corp.................................... 11,000 46,692 Toei Animation Co., Ltd............................ 900 30,851 Toei Co., Ltd...................................... 20,000 115,834 Toenec Corp........................................ 3,000 14,941 Toho Bank, Ltd. (The).............................. 74,000 259,836 Toho Co., Ltd.(6895200)............................ 5,200 117,661 Toho Co., Ltd.(6895211)............................ 9,000 33,334 Toho Gas Co., Ltd.................................. 44,000 239,087 Toho Holdings Co., Ltd............................. 14,300 199,172 #* Toho Titanium Co., Ltd............................. 8,100 57,210 Toho Zinc Co., Ltd................................. 46,000 144,394 Tohoku Bank, Ltd. (The)............................ 19,000 25,113 Tohoku Electric Power Co., Inc..................... 19,900 250,673 Tokai Carbon Co., Ltd.............................. 61,000 175,760 Tokai Corp/Gifu.................................... 2,100 65,269 TOKAI Holdings Corp................................ 24,400 109,935 Tokai Lease Co., Ltd............................... 2,000 3,615 Tokai Rika Co., Ltd................................ 17,700 364,479 Token Corp......................................... 2,220 92,010 Tokio Marine Holdings, Inc......................... 51,500 1,797,978 Tokio Marine Holdings, Inc. ADR.................... 1,000 34,930 # Toko, Inc.......................................... 6,000 15,980 Tokushu Tokai Paper Co., Ltd....................... 22,000 54,255 Tokuyama Corp...................................... 94,000 208,810 Tokyo Dome Corp.................................... 54,000 249,765 * Tokyo Electric Power Co., Inc...................... 61,688 261,780 Tokyo Electron Device, Ltd......................... 200 2,587 Tokyo Electron, Ltd................................ 14,000 979,905 Tokyo Energy & Systems, Inc........................ 6,000 42,916 Tokyo Gas Co., Ltd................................. 59,000 351,942 Tokyo Keiki, Inc................................... 12,000 28,696 Tokyo Rakutenchi Co., Ltd.......................... 7,000 29,646 * Tokyo Rope Manufacturing Co., Ltd.................. 27,000 50,646 Tokyo Sangyo Co., Ltd.............................. 4,000 16,214 Tokyo Seimitsu Co., Ltd............................ 8,700 176,922 Tokyo Steel Manufacturing Co., Ltd................. 27,700 208,150 Tokyo Tatemono Co., Ltd............................ 47,000 317,305 Tokyo Tekko Co., Ltd............................... 12,000 59,873 Tokyo Theatres Co., Inc............................ 21,000 25,288 * Tokyo TY Financial Group, Inc...................... 9,713 278,020 Tokyu Corp......................................... 49,000 324,297 Tokyu Fudosan Holdings Corp........................ 63,525 393,733 Toli Corp.......................................... 17,000 35,385 Tomato Bank, Ltd................................... 11,000 16,413 Tomen Devices Corp................................. 100 1,549 Tomoe Corp......................................... 9,500 34,623 1496 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Tomoe Engineering Co., Ltd......................... 2,100 $ 29,929 Tomoku Co., Ltd.................................... 21,000 50,305 TOMONY Holdings, Inc............................... 54,000 233,134 Tomy Co., Ltd...................................... 30,000 166,182 Tonami Holdings Co., Ltd........................... 16,000 56,419 TonenGeneral Sekiyu K.K............................ 14,000 123,770 Topcon Corp........................................ 12,700 251,657 Toppan Forms Co., Ltd.............................. 20,000 207,805 Toppan Printing Co., Ltd........................... 67,000 447,564 Topre Corp......................................... 13,700 188,412 Topy Industries, Ltd............................... 71,000 159,903 Toray Industries, Inc.............................. 167,000 1,422,519 Toridoll.corp...................................... 4,800 69,660 # Torishima Pump Manufacturing Co., Ltd.............. 9,100 66,872 Tosei Corp......................................... 9,800 59,835 Toshiba Corp....................................... 337,000 1,347,522 Toshiba Machine Co., Ltd........................... 21,000 80,530 Toshiba Plant Systems & Services Corp.............. 9,000 137,950 Toshiba TEC Corp................................... 40,000 246,750 Tosho Co., Ltd..................................... 1,600 40,351 Tosho Printing Co., Ltd............................ 11,000 30,022 Tosoh Corp......................................... 155,000 835,583 Totetsu Kogyo Co., Ltd............................. 6,000 143,210 TOTO, Ltd.......................................... 25,000 275,983 Tottori Bank, Ltd. (The)........................... 13,000 25,729 Towa Bank, Ltd. (The).............................. 98,000 80,461 Towa Corp.......................................... 4,000 24,379 Towa Pharmaceutical Co., Ltd....................... 3,100 141,011 Toyo Construction Co., Ltd......................... 18,700 89,592 Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd......................................... 8,000 28,911 Toyo Engineering Corp.............................. 22,000 74,144 Toyo Ink SC Holdings Co., Ltd...................... 59,000 276,173 Toyo Kanetsu K.K................................... 27,000 55,136 Toyo Securities Co., Ltd........................... 21,000 61,538 Toyo Seikan Group Holdings, Ltd.................... 31,100 399,017 Toyo Suisan Kaisha, Ltd............................ 11,000 386,991 Toyo Tanso Co., Ltd................................ 4,700 75,372 Toyo Tire & Rubber Co., Ltd........................ 21,500 484,257 Toyo Wharf & Warehouse Co., Ltd.................... 6,000 10,172 Toyobo Co., Ltd.................................... 292,000 392,722 Toyoda Gosei Co., Ltd.............................. 26,100 574,970 Toyota Boshoku Corp................................ 20,100 265,339 Toyota Motor Corp.................................. 51,655 3,330,246 # Toyota Motor Corp. Sponsored ADR................... 41,028 5,286,458 Toyota Tsusho Corp................................. 36,700 869,149 TPR Co., Ltd....................................... 6,400 161,954 Trancom Co., Ltd................................... 2,000 85,768 Transcosmos, Inc................................... 5,800 101,535 * Trend Micro, Inc................................... 7,700 217,457 Trusco Nakayama Corp............................... 6,100 162,458 TS Tech Co., Ltd................................... 17,800 448,471 Tsubakimoto Chain Co............................... 45,000 362,312 * Tsudakoma Corp..................................... 12,000 15,844 1497 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Tsugami Corp....................................... 15,000 $ 85,682 Tsukada Global Holdings, Inc....................... 2,000 12,281 Tsukishima Kikai Co., Ltd.......................... 6,000 64,787 Tsukuba Bank, Ltd.................................. 21,400 62,472 Tsukui Corp........................................ 6,200 57,303 # Tsumura & Co....................................... 13,100 298,103 Tsuruha Holdings, Inc.............................. 5,000 335,980 Tsurumi Manufacturing Co., Ltd..................... 4,000 66,794 UACJ Corp.......................................... 89,908 220,813 Ube Industries, Ltd................................ 268,200 401,671 Uchida Yoko Co., Ltd............................... 5,000 15,592 Uchiyama Holdings Co., Ltd......................... 1,500 7,689 UKC Holdings Corp.................................. 2,700 41,465 * Ulvac, Inc......................................... 14,100 201,961 Unicharm Corp...................................... 6,000 165,322 Uniden Corp........................................ 12,000 22,699 Union Tool Co...................................... 3,600 100,532 Unipres Corp....................................... 13,100 227,885 United Arrows, Ltd................................. 3,800 108,008 * Unitika, Ltd....................................... 233,000 108,450 Universal Entertainment Corp....................... 7,600 128,499 UNY Group Holdings Co., Ltd........................ 74,800 430,367 * Usen Corp.......................................... 32,570 85,366 Ushio, Inc......................................... 29,000 335,969 USS Co., Ltd....................................... 12,400 194,538 UT Holdings Co., Ltd............................... 5,700 23,290 Utoc Corp.......................................... 2,600 13,366 Valor Co., Ltd..................................... 12,100 228,246 Vital KSK Holdings, Inc............................ 7,300 56,078 Vitec Co., Ltd..................................... 1,200 9,913 VT Holdings Co., Ltd............................... 11,600 46,684 Wacoal Holdings Corp............................... 29,000 287,445 Wacom Co., Ltd..................................... 30,900 130,557 Wakachiku Construction Co., Ltd.................... 18,000 30,809 Wakita & Co., Ltd.................................. 12,300 116,584 Warabeya Nichiyo Co., Ltd.......................... 3,200 53,535 WATAMI Co., Ltd.................................... 8,800 87,105 Weathernews, Inc................................... 1,800 45,596 Welcia Holdings Co., Ltd........................... 4,300 158,279 Wellnet Corp....................................... 600 10,964 West Holdings Corp................................. 2,400 19,014 West Japan Railway Co.............................. 7,300 375,466 Wood One Co., Ltd.................................. 7,000 16,170 Wowow, Inc......................................... 1,700 73,330 Xebio Co., Ltd..................................... 8,000 123,831 Yahagi Construction Co., Ltd....................... 5,000 37,231 Yahoo Japan Corp................................... 36,500 122,754 Yaizu Suisankagaku Industry Co., Ltd............... 500 4,377 Yakult Honsha Co., Ltd............................. 1,900 115,075 YAMABIKO Corp...................................... 2,100 90,377 Yamada Denki Co., Ltd.............................. 168,400 625,628 Yamagata Bank, Ltd. (The).......................... 55,000 232,133 Yamaguchi Financial Group, Inc..................... 50,000 520,198 1498 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ JAPAN -- (Continued) Yamaha Corp........................................ 36,400 $ 530,089 Yamaha Motor Co., Ltd.............................. 27,900 611,914 Yamaichi Electronics Co., Ltd...................... 9,600 66,780 Yamanashi Chuo Bank, Ltd. (The).................... 39,000 155,752 Yamatane Corp...................................... 21,000 31,090 Yamato Holdings Co., Ltd........................... 29,700 671,708 Yamato Kogyo Co., Ltd.............................. 8,700 223,902 Yamaya Corp........................................ 400 5,257 Yamazaki Baking Co., Ltd........................... 26,000 382,799 Yamazen Corp....................................... 13,000 91,388 Yaoko Co., Ltd..................................... 1,900 123,518 # Yaskawa Electric Corp.............................. 23,400 299,145 Yasuda Logistics Corp.............................. 4,900 42,911 Yellow Hat, Ltd.................................... 3,300 64,550 Yokogawa Bridge Holdings Corp...................... 7,000 78,419 Yokogawa Electric Corp............................. 18,200 190,548 Yokohama Reito Co., Ltd............................ 14,100 97,806 Yokohama Rubber Co., Ltd. (The).................... 65,000 611,518 Yokowo Co., Ltd.................................... 3,300 17,867 Yomiuri Land Co., Ltd.............................. 14,000 55,927 Yondoshi Holdings, Inc............................. 3,500 53,611 Yorozu Corp........................................ 4,600 89,078 Yoshinoya Holdings Co., Ltd........................ 10,200 115,508 Yuasa Trading Co., Ltd............................. 4,000 82,310 Yuken Kogyo Co., Ltd............................... 9,000 18,671 Yumeshin Holdings Co., Ltd......................... 2,500 15,874 Yurtec Corp........................................ 5,000 33,799 Yusen Logistics Co., Ltd........................... 5,100 61,064 Zenrin Co., Ltd.................................... 5,000 64,329 # Zensho Holdings Co., Ltd........................... 35,200 318,267 Zeon Corp.......................................... 52,000 531,010 ZERIA Pharmaceutical Co., Ltd...................... 4,200 67,991 Zojirushi Corp..................................... 3,000 20,066 Zuiko Corp......................................... 500 19,725 ------------ TOTAL JAPAN............................................ 316,494,603 ------------ MALAYSIA -- (0.9%) Aeon Co. M Bhd..................................... 120,000 98,633 Affin Holdings Bhd................................. 109,590 86,628 AirAsia Bhd........................................ 453,200 349,517 * Alam Maritim Resources Bhd......................... 106,700 18,755 Alliance Financial Group Bhd....................... 229,200 301,726 * Amcorp Properties Bhd.............................. 27,200 6,040 AMMB Holdings Bhd.................................. 272,600 470,296 APM Automotive Holdings Bhd........................ 34,700 47,376 Astro Malaysia Holdings Bhd........................ 35,600 28,620 Axiata Group Bhd................................... 136,425 270,333 Batu Kawan Bhd..................................... 30,000 151,794 Benalec Holdings Bhd............................... 48,000 11,005 Berjaya Corp. Bhd.................................. 857,000 95,416 Berjaya Land Bhd................................... 76,000 16,662 Berjaya Sports Toto Bhd............................ 96,470 90,046 BIMB Holdings Bhd.................................. 73,900 83,676 1499 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- MALAYSIA -- (Continued) Bonia Corp. Bhd.................................... 82,000 $ 21,507 Boustead Holdings Bhd.............................. 112,704 144,235 Boustead Plantations Bhd........................... 22,500 8,839 British American Tobacco Malaysia Bhd.............. 8,100 147,243 * Bumi Armada Bhd.................................... 267,350 88,440 Bursa Malaysia Bhd................................. 38,400 86,573 Cahya Mata Sarawak Bhd............................. 134,100 154,954 Carlsberg Brewery Malaysia Bhd Class B............. 30,500 98,643 CB Industrial Product Holding Bhd.................. 102,800 59,127 CIMB Group Holdings Bhd............................ 305,994 463,263 Coastal Contracts Bhd.............................. 42,800 34,436 CSC Steel Holdings Bhd............................. 47,300 13,155 Cypark Resources Bhd............................... 22,100 11,218 Dayang Enterprise Holdings Bhd..................... 54,439 40,749 Dialog Group Bhd................................... 390,658 174,008 DiGi.Com Bhd....................................... 61,000 107,775 DKSH Holdings Malaysia Bhd......................... 22,800 39,441 DRB-Hicom Bhd...................................... 336,400 165,298 Dutch Lady Milk Industries Bhd..................... 2,400 31,090 Eastern & Oriental Bhd............................. 213,950 134,675 Faber Group Bhd.................................... 98,900 69,124 Gamuda Bhd......................................... 247,200 345,523 Genting Bhd........................................ 132,500 322,047 Genting Malaysia Bhd............................... 376,500 420,523 Genting Plantations Bhd............................ 47,900 134,238 Globetronics Technology Bhd........................ 37,900 50,144 Glomac Bhd......................................... 86,600 23,609 Guinness Anchor Bhd................................ 23,000 76,317 HAP Seng Consolidated Bhd.......................... 242,580 294,707 Hap Seng Plantations Holdings Bhd.................. 77,600 54,427 Hartalega Holdings Bhd............................. 32,000 66,870 Hock Seng LEE BHD.................................. 55,900 26,012 Hong Leong Bank Bhd................................ 61,580 237,487 Hong Leong Financial Group Bhd..................... 41,700 193,827 Hong Leong Industries Bhd.......................... 31,400 37,987 Hua Yang Bhd....................................... 48,800 28,829 * Hume Industries Bhd................................ 33,912 34,027 IJM Corp. Bhd...................................... 410,060 779,756 IJM Land Bhd....................................... 143,000 140,496 IJM Plantations Bhd................................ 80,200 77,144 Inari Amertron Bhd................................. 45,900 36,147 Insas Bhd.......................................... 128,000 28,264 IOI Corp. Bhd...................................... 81,326 105,388 IOI Properties Group Bhd........................... 29,180 16,527 * Iris Corp. Bhd..................................... 271,500 25,251 * Iskandar Waterfront City Bhd....................... 91,000 34,501 Jaya Tiasa Holdings Bhd............................ 89,500 45,531 JCY International Bhd.............................. 139,200 26,756 Kian JOO CAN Factory Bhd........................... 56,700 46,087 KLCCP Stapled Group................................ 52,600 99,970 * KNM Group Bhd...................................... 446,525 72,939 Kossan Rubber Industries........................... 59,300 85,114 KPJ Healthcare Bhd................................. 66,550 71,943 1500 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- MALAYSIA -- (Continued) KSL Holdings Bhd...................................... 123,800 $ 68,300 Kuala Lumpur Kepong Bhd............................... 27,100 169,076 Kulim Malaysia Bhd.................................... 119,700 100,192 Kumpulan Perangsang Selangor Bhd...................... 43,300 17,880 Lafarge Malaysia Bhd.................................. 54,000 147,480 Land & General BHD.................................... 224,700 32,333 * Landmarks Bhd......................................... 74,700 21,351 LBS Bina Group Bhd.................................... 88,200 37,380 Lingkaran Trans Kota Holdings Bhd..................... 39,000 40,533 Lion Industries Corp. Bhd............................. 118,500 15,953 LPI Capital Bhd....................................... 8,480 48,149 Magnum Bhd............................................ 70,400 54,077 Mah Sing Group Bhd.................................... 307,348 161,322 Malayan Banking Bhd................................... 333,589 800,841 Malaysia Airports Holdings Bhd........................ 144,625 284,892 Malaysia Building Society Bhd......................... 94,214 54,906 Malaysia Marine and Heavy Engineering Holdings Bhd.... 31,800 13,737 Malaysian Bulk Carriers Bhd........................... 65,400 25,517 Malaysian Pacific Industries Bhd...................... 25,375 40,302 Malaysian Resources Corp. Bhd......................... 338,650 125,575 Malton Bhd............................................ 43,400 9,949 Maxis Bhd............................................. 54,500 106,416 MBM Resources Bhd..................................... 42,310 36,750 Media Prima Bhd....................................... 143,900 74,044 Mega First Corp. BHD.................................. 18,600 12,078 MISC Bhd.............................................. 54,880 117,197 MK Land Holdings BHD.................................. 131,800 15,369 MKH Bhd............................................... 67,480 50,737 MMC Corp. Bhd......................................... 259,200 172,789 MNRB Holdings Bhd..................................... 17,800 19,060 Mudajaya Group Bhd.................................... 54,900 24,464 Muhibbah Engineering M Bhd............................ 115,700 60,322 * Mulpha International Bhd.............................. 518,800 50,666 My EG Services Bhd.................................... 97,000 68,200 Naim Holdings Bhd..................................... 48,600 40,073 Nestle Malaysia Bhd................................... 5,100 100,427 Oldtown Bhd........................................... 93,900 42,578 OSK Holdings Bhd...................................... 178,863 95,242 Padini Holdings Bhd................................... 164,300 66,013 Pantech Group Holdings Bhd............................ 51,700 10,302 Paramount Corp. Bhd................................... 32,600 13,016 * Parkson Holdings Bhd.................................. 248,817 169,877 Perdana Petroleum Bhd................................. 157,960 49,408 * Perisai Petroleum Teknologi Bhd....................... 109,200 14,163 Petronas Chemicals Group Bhd.......................... 138,800 194,524 Petronas Dagangan Bhd................................. 17,100 83,201 Petronas Gas Bhd...................................... 25,100 153,488 Pharmaniaga Bhd....................................... 29,900 40,316 Pos Malaysia Bhd...................................... 110,100 142,175 PPB Group Bhd......................................... 59,840 239,309 Press Metal Bhd....................................... 122,800 90,999 Prestariang Bhd....................................... 37,600 18,992 Protasco Bhd.......................................... 96,000 40,884 1501 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- MALAYSIA -- (Continued) Public Bank Bhd...................................... 55,140 $ 275,425 * Puncak Niaga Holding Bhd............................. 15,500 11,255 QL Resources Bhd..................................... 84,050 80,807 RCE Capital Bhd...................................... 430,500 37,271 RHB Capital Bhd...................................... 105,144 236,297 Salcon Bhd........................................... 181,700 32,391 Sapurakencana Petroleum Bhd.......................... 283,943 208,715 Sarawak Oil Palms Bhd................................ 31,000 47,889 Scientex Bhd......................................... 24,000 43,822 * Scomi Energy Services Bhd............................ 213,100 33,290 * Scomi Group Bhd...................................... 335,900 21,656 Selangor Properties Bhd.............................. 24,800 38,126 Shangri-La Hotels Malaysia Bhd....................... 6,900 12,986 * Shell Refining Co. Federation of Malaya Bhd.......... 25,800 39,248 Sime Darby Bhd....................................... 161,919 419,439 SP Setia Bhd Group................................... 51,300 49,759 Star Publications Malaysia Bhd....................... 50,500 35,426 Sunway Bhd........................................... 219,800 201,332 Supermax Corp. Bhd................................... 125,800 77,854 Suria Capital Holdings Bhd........................... 16,100 10,095 Syarikat Takaful Malaysia Bhd........................ 7,000 22,825 Ta Ann Holdings Bhd.................................. 66,881 69,579 TA Enterprise Bhd.................................... 333,600 68,307 Tambun Indah Land Bhd................................ 80,300 40,966 TAN Chong Motor Holdings Bhd......................... 100,000 91,905 TDM Bhd.............................................. 124,400 27,024 Telekom Malaysia Bhd................................. 101,402 195,067 Tenaga Nasional Bhd.................................. 71,550 285,379 * TH Heavy Engineering Bhd............................. 191,000 17,502 Top Glove Corp. Bhd.................................. 104,800 144,047 Tropicana Corp. Bhd.................................. 44,600 12,877 TSH Resources Bhd.................................... 164,100 101,345 Tune Ins Holdings Bhd................................ 43,500 21,654 UEM Sunrise Bhd...................................... 394,058 137,386 UMW Holdings Bhd..................................... 136,500 409,958 Unisem M Bhd......................................... 147,200 82,161 United Plantations Bhd............................... 11,300 76,250 UOA Development Bhd.................................. 46,700 27,024 Uzma Bhd............................................. 11,000 5,873 VS Industry Bhd...................................... 52,700 52,061 Wah Seong Corp. Bhd.................................. 71,700 25,592 WCT Holdings Bhd..................................... 286,951 126,162 WTK Holdings Bhd..................................... 72,500 22,712 Yinson Holdings BHD.................................. 37,600 29,377 YNH Property Bhd..................................... 100,616 53,396 YTL Corp. Bhd........................................ 1,236,583 599,761 YTL Power International Bhd.......................... 196,350 86,496 Zhulian Corp. Bhd.................................... 45,600 26,414 ----------- TOTAL MALAYSIA........................................... 17,713,711 ----------- MEXICO -- (1.0%) Alfa S.A.B. de C.V. Class A.......................... 588,810 1,074,742 Alpek S.A.B. de C.V.................................. 5,900 6,573 1502 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- MEXICO -- (Continued) * Alsea S.A.B. de C.V................................... 113,347 $ 303,152 America Movil S.A.B. de C.V. Series L................. 494,914 530,259 America Movil S.A.B. de C.V. Series L ADR............. 23,684 506,601 Arca Continental S.A.B. de C.V........................ 131,502 779,914 * Axtel S.A.B. de C.V................................... 301,200 68,320 Banregio Grupo Financiero S.A.B. de C.V............... 74,844 387,864 Bolsa Mexicana de Valores S.A.B. de C.V............... 98,371 162,360 * Cemex S.A.B. de C.V................................... 1,402,166 1,245,060 Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR.......... 2,300 186,967 Compartamos S.A.B. de C.V............................. 106,000 201,329 * Consorcio ARA S.A.B. de C.V. Series *................. 277,100 118,682 Controladora Comercial Mexicana S.A.B. de C.V......... 121,975 370,250 * Corp. GEO S.A.B. de C.V. Series B..................... 105,000 1,050 Corp. Inmobiliaria Vesta S.A.B. de C.V................ 7,050 13,640 Corp. Moctezuma S.A.B. de C.V. Series *............... 73,800 224,017 El Puerto de Liverpool S.A.B. de C.V.................. 20,204 206,373 #* Empresas ICA S.A.B. de C.V............................ 117,564 122,352 * Empresas ICA S.A.B. de C.V. Sponsored ADR............. 16,200 66,906 * Financiera Independencia S.A.B. de C.V................ 32,800 12,867 * Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR................................................. 21,098 1,762,949 * Genomma Lab Internacional S.A.B. de C.V. Class B...... 238,441 376,205 Gruma S.A.B. de C.V. Class B.......................... 70,384 753,636 Gruma S.A.B. de C.V. Sponsored ADR.................... 500 21,445 Grupo Aeroportuario del Centro Norte S.A.B. de C.V.... 34,200 157,544 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR... 9,537 633,352 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B............................................ 24,482 161,874 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR.... 5,100 667,641 Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B............................................ 2,400 31,478 * Grupo Bimbo S.A.B. de C.V. Series A................... 157,200 399,987 Grupo Carso S.A.B. de C.V. Series A1.................. 97,100 427,734 Grupo Cementos de Chihuahua S.A.B. de C.V............. 1,100 2,752 # Grupo Comercial Chedraui S.A. de C.V.................. 40,267 111,752 Grupo Elektra S.A.B. de C.V........................... 634 23,496 * Grupo Famsa S.A.B. de C.V. Class A.................... 66,508 40,909 Grupo Financiero Banorte S.A.B. de C.V................ 162,489 827,432 Grupo Financiero Inbursa S.A.B. de C.V................ 226,840 586,414 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B............................................. 130,569 276,913 # Grupo Herdez S.A.B. de C.V. Series *.................. 44,800 103,112 Grupo Lamosa S.A.B. de C.V............................ 34,581 63,097 Grupo Mexico S.A.B. de C.V. Series B.................. 411,837 1,085,813 * Grupo Pochteca S.A.B. de C.V.......................... 3,616 3,109 Grupo Sanborns S.A.B. de C.V.......................... 9,100 13,927 * Grupo Simec S.A.B. de C.V. Series B................... 55,969 155,479 * Grupo Simec S.A.B. de C.V. Sponsored ADR.............. 1,049 8,644 Grupo Televisa S.A.B. Series CPO...................... 73,269 477,755 Grupo Televisa S.A.B. Sponsored ADR................... 23,672 771,944 * Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V................................ 126,300 318,162 Industrias Bachoco S.A.B. de C.V. ADR................. 212 10,354 * Industrias CH S.A.B. de C.V. Series B................. 51,036 209,394 Industrias Penoles S.A.B. de C.V...................... 5,130 102,258 Infraestructura Energetica Nova S.A.B. de C.V......... 20,968 99,556 Kimberly-Clark de Mexico S.A.B. de C.V. Class A....... 235,012 456,870 * Maxcom Telecomunicaciones S.A.B. de C.V............... 53,100 7,262 1503 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- MEXICO -- (Continued) Megacable Holdings S.A.B. de C.V....................... 45,121 $ 164,235 * Mexichem S.A.B. de C.V................................. 219,454 610,656 * Minera Frisco S.A.B. de C.V............................ 70,600 93,163 Organizacion Soriana S.A.B. de C.V. Class B............ 170,227 394,408 * Promotora y Operadora de Infraestructura S.A.B. de C.V.............................................. 34,957 392,492 Qualitas Controladora S.A.B. de C.V.................... 36,600 70,810 TV Azteca S.A.B. de C.V................................ 202,217 80,943 * Urbi Desarrollos Urbanos S.A.B. de C.V................. 84,222 25 Wal-Mart de Mexico S.A.B. de C.V. Series V............. 155,904 300,689 ----------- TOTAL MEXICO............................................... 19,846,948 ----------- NETHERLANDS -- (1.9%) Aalberts Industries NV................................. 33,965 978,215 Accell Group........................................... 4,405 67,198 Aegon NV(007924103).................................... 81,086 578,954 Aegon NV(5927375)...................................... 173,814 1,238,749 * AFC Ajax NV............................................ 546 5,630 Akzo Nobel NV.......................................... 30,253 2,179,463 Akzo Nobel NV Sponsored ADR............................ 1,500 36,195 * AMG Advanced Metallurgical Group NV.................... 9,178 68,529 Amsterdam Commodities NV............................... 5,474 130,500 * APERAM SA.............................................. 17,513 454,630 Arcadis NV............................................. 21,334 645,680 # ArcelorMittal(B295F26)................................. 125,783 1,212,548 ArcelorMittal(B03XPL1)................................. 14,754 140,955 ASM International NV................................... 11,747 479,289 # ASML Holding NV........................................ 9,664 1,004,424 BE Semiconductor Industries NV......................... 9,266 188,065 Beter Bed Holding NV................................... 4,607 90,358 BinckBank NV........................................... 18,266 150,038 Boskalis Westminster NV................................ 28,239 1,248,404 Brunel International NV................................ 5,347 86,755 Corbion NV............................................. 4,614 76,434 Delta Lloyd NV......................................... 64,892 1,226,049 Exact Holding NV....................................... 3,041 108,960 Fugro NV............................................... 16,532 358,499 * Galapagos NV........................................... 6,731 137,661 # Gemalto NV............................................. 9,713 703,292 * Grontmij............................................... 13,654 54,744 Heijmans NV............................................ 7,697 73,589 Heineken NV............................................ 8,080 602,996 Hunter Douglas NV...................................... 788 31,807 * ING Groep NV........................................... 35,589 442,457 #* ING Groep NV Sponsored ADR............................. 240,205 2,988,150 KAS Bank NV............................................ 5,199 59,972 Kendrion NV............................................ 4,432 121,210 Koninklijke Ahold NV................................... 121,046 2,184,705 Koninklijke Ahold NV Sponsored ADR..................... 369 6,676 Koninklijke BAM Groep NV............................... 87,687 263,186 Koninklijke DSM NV..................................... 23,232 1,232,243 Koninklijke KPN NV..................................... 708,216 2,185,824 Koninklijke Philips NV(500472303)...................... 67,791 1,870,353 Koninklijke Philips NV(5986622)........................ 33,809 932,278 1504 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NETHERLANDS -- (Continued) # Koninklijke Ten Cate NV................................ 9,586 $ 212,386 Koninklijke Vopak NV................................... 10,662 594,593 * Macintosh Retail Group NV.............................. 861 2,410 * Mota-Engil Africa NV................................... 1,511 10,535 Nederland Apparatenfabriek............................. 514 16,488 Nutreco NV............................................. 19,221 978,842 * Ordina NV.............................................. 31,120 50,022 * PostNL NV.............................................. 99,532 360,038 Randstad Holding NV.................................... 27,095 1,424,221 Reed Elsevier NV....................................... 39,231 959,141 Reed Elsevier NV Sponsored ADR......................... 4,200 204,876 * SBM Offshore NV........................................ 44,105 481,201 Sligro Food Group NV................................... 3,598 137,274 * SNS Reaal NV........................................... 38,309 -- * Telegraaf Media Groep NV............................... 4,962 31,947 TKH Group NV........................................... 12,560 390,532 TNT Express NV......................................... 102,495 670,351 * TomTom NV.............................................. 29,467 193,629 Unilever NV(904784709)................................. 33,228 1,441,098 Unilever NV(B12T3J1)................................... 13,702 594,182 USG People NV.......................................... 19,791 228,084 Wessanen............................................... 21,473 137,115 Wolters Kluwer NV...................................... 70,283 2,099,552 ----------- TOTAL NETHERLANDS.......................................... 37,864,181 ----------- NEW ZEALAND -- (0.3%) * a2 Milk Co., Ltd....................................... 18,321 7,162 Air New Zealand, Ltd................................... 142,895 270,340 Auckland International Airport, Ltd.................... 226,161 731,465 * Chorus, Ltd............................................ 30,341 58,315 * Chorus, Ltd. ADR....................................... 2,187 20,667 Contact Energy, Ltd.................................... 85,496 438,781 * Diligent Board Member Services, Inc.................... 2,839 11,326 Fisher & Paykel Healthcare Corp., Ltd.................. 88,801 400,422 Fletcher Building, Ltd.(6341606)....................... 74,031 449,721 Fletcher Building, Ltd.(6341617)....................... 12,299 74,452 Freightways, Ltd....................................... 16,536 71,808 Hallenstein Glasson Holdings, Ltd...................... 609 1,485 Infratil, Ltd.......................................... 93,548 214,775 Kathmandu Holdings, Ltd................................ 9,448 13,820 Mainfreight, Ltd....................................... 14,201 165,119 Metlifecare, Ltd....................................... 3,194 11,138 New Zealand Oil & Gas, Ltd............................. 63,818 29,773 * New Zealand Refining Co., Ltd. (The)................... 1,518 2,801 Nuplex Industries, Ltd................................. 37,267 80,742 NZX, Ltd............................................... 14,855 13,066 PGG Wrightson, Ltd..................................... 8,757 3,083 Port of Tauranga, Ltd.................................. 16,991 219,113 Restaurant Brands New Zealand, Ltd..................... 7,686 21,240 Ryman Healthcare, Ltd.................................. 48,303 289,150 Sanford, Ltd........................................... 12,229 44,265 Sky Network Television, Ltd............................ 38,739 170,336 SKYCITY Entertainment Group, Ltd....................... 122,076 348,270 1505 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NEW ZEALAND -- (Continued) Spark New Zealand, Ltd.................................. 402,934 $ 965,510 Summerset Group Holdings, Ltd........................... 5,318 11,984 Tower, Ltd.............................................. 34,208 56,177 Trade Me Group, Ltd..................................... 6,279 16,551 TrustPower, Ltd......................................... 13,045 79,424 Vector, Ltd............................................. 38,083 81,723 Warehouse Group, Ltd. (The)............................. 43,907 90,817 * Xero, Ltd............................................... 673 7,597 ---------- TOTAL NEW ZEALAND........................................... 5,472,418 ---------- NORWAY -- (0.6%) ABG Sundal Collier Holding ASA.......................... 85,601 53,025 # Akastor ASA............................................. 25,495 62,682 Aker ASA Class A........................................ 5,345 114,161 * Aker Solutions ASA...................................... 25,495 124,462 American Shipping ASA................................... 4,970 19,192 * Archer, Ltd............................................. 102,251 40,569 Atea ASA................................................ 20,807 231,118 Austevoll Seafood ASA................................... 25,809 150,726 Bakkafrost P/F.......................................... 5,936 123,322 Bonheur ASA............................................. 2,286 21,241 BW Offshore, Ltd........................................ 146,716 141,090 Deep Sea Supply P.L.C................................... 40,840 21,467 * Det Norske Oljeselskap ASA.............................. 9,178 38,349 DNB ASA................................................. 80,503 1,166,376 #* DNO ASA................................................. 107,000 235,750 * DOF ASA................................................. 10,562 14,382 * Dolphin Group A.S....................................... 31,921 11,165 Ekornes ASA............................................. 7,213 89,867 * Electromagnetic GeoServices............................. 12,748 6,651 Eltek ASA............................................... 75,387 112,531 Evry ASA................................................ 1,921 3,983 Farstad Shipping ASA.................................... 1,296 6,129 Fred Olsen Energy ASA................................... 3,872 32,449 #* Frontline, Ltd.......................................... 18,503 44,067 Gjensidige Forsikring ASA............................... 8,699 146,652 Golar LNG, Ltd.......................................... 3,007 85,279 # Golden Ocean Group, Ltd................................. 108,536 67,095 * Grieg Seafood ASA....................................... 4,605 16,658 # Hexagon Composites ASA.................................. 21,960 53,635 * Hoegh LNG Holdings, Ltd................................. 3,797 37,346 * Kongsberg Automotive ASA................................ 153,481 120,666 Kongsberg Gruppen ASA................................... 4,332 73,260 Kvaerner ASA............................................ 58,803 68,470 Leroey Seafood Group ASA................................ 6,888 241,505 Marine Harvest ASA...................................... 45,436 594,367 #* Nordic Semiconductor ASA................................ 18,887 130,434 Norsk Hydro ASA......................................... 140,724 826,998 Norsk Hydro ASA Sponsored ADR........................... 800 4,728 * Norske Skogindustrier ASA............................... 49,653 45,453 Northern Offshore, Ltd.................................. 17,133 6,885 #* Norwegian Air Shuttle ASA............................... 5,579 219,158 * Odfjell SE Class A...................................... 2,716 7,605 1506 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NORWAY -- (Continued) Opera Software ASA..................................... 7,998 $ 105,952 Orkla ASA.............................................. 57,045 420,412 * Panoro Energy ASA...................................... 83,120 14,509 # Petroleum Geo-Services ASA............................. 77,465 421,200 * PhotoCure ASA.......................................... 1,301 6,364 Prosafe SE............................................. 49,257 131,507 * Q-Free ASA............................................. 7,768 9,144 #* REC Silicon ASA........................................ 693,725 148,145 * REC Solar ASA.......................................... 5,399 70,962 Salmar ASA............................................. 8,154 125,882 Schibsted ASA.......................................... 3,700 238,346 Seadrill, Ltd.......................................... 11,860 126,748 #* Sevan Drilling A.S..................................... 53,462 4,698 Sevan Marine ASA....................................... 7,182 18,128 Siem Offshore, Inc..................................... 52,788 14,758 Solstad Offshore ASA................................... 465 3,736 * Songa Offshore......................................... 71,183 14,125 SpareBank 1 SMN........................................ 19,156 135,768 SpareBank 1 SR Bank ASA................................ 28,648 179,896 Statoil ASA............................................ 91,558 1,533,256 # Statoil ASA Sponsored ADR.............................. 50,912 855,322 Stolt-Nielsen, Ltd..................................... 2,228 35,178 * Storebrand ASA......................................... 89,480 270,496 Subsea 7 SA............................................ 40,253 342,413 Telenor ASA............................................ 19,241 413,350 # TGS Nopec Geophysical Co. ASA.......................... 8,427 195,469 Tomra Systems ASA...................................... 30,975 248,864 Veidekke ASA........................................... 16,742 173,048 Wilh Wilhelmsen ASA.................................... 8,728 48,754 Wilh Wilhelmsen Holding ASA Class A.................... 3,841 74,493 Yara International ASA................................. 18,472 961,696 ----------- TOTAL NORWAY............................................... 12,953,567 ----------- PERU -- (0.0%) Cementos Pacasmayo SAA ADR............................. 3,386 28,646 Cia de Minas Buenaventura SAA ADR...................... 1,800 20,556 Credicorp, Ltd......................................... 3,175 457,581 Grana y Montero SAA Sponsored ADR...................... 6,617 68,684 * Rio Alto Mining, Ltd................................... 23,962 68,771 ----------- TOTAL PERU................................................. 644,238 ----------- PHILIPPINES -- (0.4%) Aboitiz Equity Ventures, Inc........................... 96,000 122,984 Aboitiz Power Corp..................................... 248,200 249,623 Alliance Global Group, Inc............................. 568,200 321,131 Atlas Consolidated Mining & Development................ 113,900 24,276 Ayala Corp............................................. 11,560 189,948 Ayala Land, Inc........................................ 233,300 190,006 Bank of the Philippine Islands......................... 100,125 224,245 BDO Unibank, Inc....................................... 208,945 542,283 Belle Corp............................................. 564,800 58,793 Cebu Air, Inc.......................................... 39,000 83,697 1507 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- PHILIPPINES -- (Continued) Century Properties Group, Inc......................... 730,005 $ 16,242 China Banking Corp.................................... 80,867 86,110 D&L Industries, Inc................................... 202,600 77,863 DMCI Holdings, Inc.................................... 862,650 300,909 EEI Corp.............................................. 181,100 45,146 * Empire East Land Holdings, Inc........................ 1,000,000 20,607 Energy Development Corp............................... 1,786,000 345,403 Filinvest Land, Inc................................... 3,452,000 131,220 First Gen Corp........................................ 225,500 158,877 First Philippine Holdings Corp........................ 96,560 216,059 Globe Telecom, Inc.................................... 5,830 230,119 International Container Terminal Services, Inc........ 91,130 234,747 JG Summit Holdings, Inc............................... 75,950 112,831 Jollibee Foods Corp................................... 30,800 161,701 * Lepanto Consolidated Mining Co........................ 269,000 1,654 Lopez Holdings Corp................................... 713,700 120,236 Manila Electric Co.................................... 11,290 70,142 Manila Water Co., Inc................................. 139,600 102,461 Megaworld Corp........................................ 3,054,000 358,182 Metro Pacific Investments Corp........................ 1,038,000 121,525 Metropolitan Bank & Trust Co.......................... 188,477 406,021 * Pepsi-Cola Products Philippines, Inc.................. 343,700 31,077 Philippine Long Distance Telephone Co. Sponsored ADR.. 1,000 66,700 * Philippine National Bank.............................. 95,595 182,158 Philippine Stock Exchange, Inc. (The)................. 312 2,508 Philweb Corp.......................................... 57,200 16,240 RFM Corp.............................................. 196,000 26,689 Rizal Commercial Banking Corp......................... 90,960 98,012 Robinsons Land Corp................................... 386,900 243,519 San Miguel Corp....................................... 79,630 137,315 Security Bank Corp.................................... 67,084 230,810 Semirara Mining and Power Corp........................ 47,880 159,347 SM Investments Corp................................... 10,050 211,300 SM Prime Holdings, Inc................................ 606,126 254,767 * Top Frontier Investment Holdings, Inc................. 3,465 9,024 Trans-Asia Oil & Energy Development Corp.............. 357,000 18,865 Union Bank of the Philippines......................... 70,785 115,159 Universal Robina Corp................................. 152,730 716,545 Vista Land & Lifescapes, Inc.......................... 1,095,800 170,877 ---------- TOTAL PHILIPPINES......................................... 8,015,953 ---------- POLAND -- (0.4%) * Agora SA.............................................. 8,506 20,965 * Alior Bank SA......................................... 1,914 44,279 * AmRest Holdings SE.................................... 2,020 62,690 Asseco Poland SA...................................... 11,064 163,901 Bank Handlowy w Warszawie SA.......................... 7,603 221,674 Bank Millennium SA.................................... 106,810 215,606 Bank Pekao SA......................................... 5,415 261,193 Bank Zachodni WBK SA.................................. 1,804 167,848 * Bioton SA............................................. 9,806 10,783 * Boryszew SA........................................... 30,133 46,768 Budimex SA............................................ 2,209 92,147 1508 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- POLAND -- (Continued) CCC SA................................................ 2,271 $ 94,256 * CD Projekt SA......................................... 4,949 21,580 Ciech SA.............................................. 10,050 134,383 Cyfrowy Polsat SA..................................... 19,796 127,180 * Echo Investment SA.................................... 73,042 130,006 Emperia Holding SA.................................... 2,574 37,486 Eurocash SA........................................... 12,021 119,297 Famur SA.............................................. 6,474 5,766 * Farmacol SA........................................... 2,588 36,888 * Getin Holding SA...................................... 65,107 34,385 * Getin Noble Bank SA................................... 326,189 175,159 * Global City Holdings NV............................... 36 410 Grupa Azoty SA........................................ 3,245 62,054 Grupa Kety SA......................................... 1,370 101,582 * Grupa Lotos SA........................................ 32,417 213,163 * Impexmetal SA......................................... 16,373 11,686 ING Bank Slaski SA.................................... 6,134 223,480 Inter Cars SA......................................... 1,704 98,636 * Jastrzebska Spolka Weglowa SA......................... 4,685 26,763 * Kernel Holding SA..................................... 11,292 94,836 KGHM Polska Miedz SA.................................. 20,858 591,315 * Kopex SA.............................................. 7,393 21,537 * KRUK SA............................................... 396 12,283 * LC Corp. SA........................................... 51,834 25,741 LPP SA................................................ 85 171,923 Lubelski Wegiel Bogdanka SA........................... 6,641 174,248 mBank................................................. 1,468 185,613 Netia SA.............................................. 88,492 142,769 Orange Polska SA...................................... 94,408 227,744 Orbis SA.............................................. 4,643 53,413 Pelion SA............................................. 1,918 43,612 PGE SA................................................ 81,396 426,499 * Polnord SA............................................ 9,078 17,763 Polski Koncern Naftowy Orlen SA....................... 82,502 1,217,281 Polskie Gornictwo Naftowe i Gazownictwo SA............ 101,680 119,983 Powszechna Kasa Oszczednosci Bank Polski SA........... 61,457 568,611 Powszechny Zaklad Ubezpieczen SA...................... 1,477 200,872 * Rafako SA............................................. 2,291 3,612 * Sygnity SA............................................ 4,962 18,611 Synthos SA............................................ 105,358 122,092 Tauron Polska Energia SA.............................. 219,686 295,558 * Trakcja SA............................................ 14,934 37,218 * TVN SA................................................ 18,625 88,937 Warsaw Stock Exchange................................. 5,032 62,842 ---------- TOTAL POLAND.............................................. 7,886,927 ---------- PORTUGAL -- (0.2%) Altri SGPS SA......................................... 42,109 145,859 * Banco BPI SA.......................................... 117,003 109,797 #* Banco Comercial Portugues SA.......................... 7,326,968 516,010 * Banco Espirito Santo SA............................... 499,965 -- EDP - Energias de Portugal SA......................... 140,868 535,852 EDP Renovaveis SA..................................... 54,977 367,496 1509 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- PORTUGAL -- (Continued) Galp Energia SGPS SA.................................. 47,304 $ 499,738 Jeronimo Martins SGPS SA.............................. 31,231 335,932 Mota-Engil SGPS SA.................................... 17,204 52,605 NOS SGPS.............................................. 69,039 438,267 Portucel SA........................................... 57,125 230,454 # Portugal Telecom SGPS SA.............................. 129,611 90,337 REN - Redes Energeticas Nacionais SGPS SA............. 71,755 203,485 Semapa-Sociedade de Investimento e Gestao............. 17,270 202,176 * Sonae Industria SGPS SA............................... 2,616,000 19,111 Sonae SGPS SA......................................... 312,890 409,638 Teixeira Duarte SA.................................... 25,644 20,403 ---------- TOTAL PORTUGAL............................................ 4,177,160 ---------- RUSSIA -- (0.2%) Etalon Group, Ltd. GDR................................ 2,879 6,046 Eurasia Drilling Co., Ltd. GDR........................ 5,283 100,377 * Exillon Energy P.L.C.................................. 3,012 5,657 Gazprom OAO Sponsored ADR............................. 420,808 1,689,160 Globaltrans Investment P.L.C. GDR..................... 6,002 27,077 Lukoil OAO Sponsored ADR.............................. 18,857 741,445 Magnitogorsk Iron & Steel Works OJSC GDR.............. 23,119 56,854 * Mail.ru Group, Ltd. GDR............................... 1,154 16,534 * Mechel Sponsored ADR.................................. 32,520 42,276 MMC Norilsk Nickel OJSC ADR........................... 9,287 153,069 Novolipetsk Steel OJSC GDR............................ 7,015 91,411 Phosagro OAO GDR...................................... 4,488 49,124 PIK Group GDR......................................... 13,885 37,855 Rosneft OAO GDR....................................... 64,780 209,963 Rostelecom OJSC Sponsored ADR......................... 900 6,318 RusHydro JSC ADR...................................... 218,605 165,265 Sberbank of Russia Sponsored ADR...................... 69,628 256,608 Severstal PAO GDR..................................... 32,370 294,370 Tatneft OAO Sponsored ADR............................. 24,677 577,855 TMK OAO GDR........................................... 5,886 15,006 Uralkali PJSC GDR..................................... 12,598 156,333 VimpelCom, Ltd. Sponsored ADR......................... 12,215 43,974 VTB Bank OJSC GDR..................................... 110,386 211,829 * X5 Retail Group NV GDR................................ 12,244 129,117 ---------- TOTAL RUSSIA.............................................. 5,083,523 ---------- SINGAPORE -- (1.1%) * Abterra, Ltd.......................................... 32,000 13,052 Amara Holdings, Ltd................................... 25,000 9,942 Amtek Engineering, Ltd................................ 66,000 30,448 ASL Marine Holdings, Ltd.............................. 32,200 10,160 # Aspial Corp., Ltd..................................... 120,000 35,144 #* Ausgroup, Ltd......................................... 184,000 40,797 Banyan Tree Holdings, Ltd............................. 54,000 20,916 #* Biosensors International Group, Ltd................... 355,000 169,059 Bonvests Holdings, Ltd................................ 22,000 22,252 Boustead Singapore, Ltd............................... 50,632 67,325 # Breadtalk Group, Ltd.................................. 27,000 30,148 1510 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SINGAPORE -- (Continued) * Broadway Industrial Group, Ltd........................ 55,533 $ 8,028 Bukit Sembawang Estates, Ltd.......................... 22,000 86,529 Bund Center Investment, Ltd........................... 259,000 37,921 CapitaLand, Ltd....................................... 381,500 979,147 # Centurion Corp., Ltd.................................. 35,000 15,319 CH Offshore, Ltd...................................... 60,000 21,954 China Aviation Oil Singapore Corp., Ltd............... 33,600 17,570 # China Merchants Holdings Pacific, Ltd................. 26,000 18,840 # Chip Eng Seng Corp., Ltd.............................. 230,000 154,175 City Developments, Ltd................................ 54,000 400,246 # Cityspring Infrastructure Trust....................... 102,000 41,061 ComfortDelGro Corp., Ltd.............................. 235,000 498,319 # Cosco Corp. Singapore, Ltd............................ 376,000 150,116 CSC Holdings, Ltd..................................... 97,000 3,492 CSE Global, Ltd....................................... 225,000 97,176 CWT, Ltd.............................................. 80,000 99,341 DBS Group Holdings, Ltd............................... 132,383 1,930,094 #* Del Monte Pacific, Ltd................................ 120,000 41,224 # Dyna-Mac Holdings, Ltd................................ 150,000 38,317 Elec & Eltek International Co., Ltd................... 5,000 6,215 Eu Yan Sang International, Ltd........................ 10,000 5,742 # Ezion Holdings, Ltd................................... 296,280 277,781 # Ezra Holdings, Ltd.................................... 249,809 97,687 Falcon Energy Group, Ltd.............................. 66,000 13,393 Far East Orchard, Ltd................................. 34,076 42,512 # First Resources, Ltd.................................. 163,000 223,885 FJ Benjamin Holdings, Ltd............................. 34,000 4,043 Food Empire Holdings, Ltd............................. 19,000 4,504 Fragrance Group, Ltd.................................. 206,000 34,279 * Gallant Venture, Ltd.................................. 119,000 21,470 # Genting Hong Kong, Ltd................................ 281,000 101,956 Genting Singapore P.L.C............................... 266,000 212,086 #* Geo Energy Resources, Ltd............................. 138,000 20,852 Global Logistic Properties, Ltd....................... 129,000 240,687 Global Premium Hotels, Ltd............................ 11,680 3,061 GMG Global, Ltd....................................... 322,000 15,180 Golden Agri-Resources, Ltd............................ 1,033,000 320,440 Great Eastern Holdings, Ltd........................... 4,000 71,491 GuocoLand, Ltd........................................ 69,666 92,490 GuocoLeisure, Ltd..................................... 132,000 93,007 * Healthway Medical Corp., Ltd.......................... 221,000 7,484 Hi-P International, Ltd............................... 139,000 72,494 Hiap Hoe, Ltd......................................... 39,000 23,864 Ho Bee Land, Ltd...................................... 102,000 156,011 Hong Fok Corp., Ltd................................... 109,200 73,279 Hong Leong Asia, Ltd.................................. 42,000 44,723 Hongkong Land Holdings, Ltd........................... 22,000 162,911 Hotel Grand Central, Ltd.............................. 34,883 34,035 HTL International Holdings, Ltd....................... 66,000 12,945 Hutchison Port Holdings Trust......................... 521,000 371,503 # Hyflux, Ltd........................................... 155,000 109,058 Indofood Agri Resources, Ltd.......................... 175,000 91,493 InnoTek, Ltd.......................................... 46,000 8,683 1511 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) Innovalues, Ltd......................................... 36,000 $ 14,380 #* International Healthway Corp., Ltd...................... 18,186 3,693 * Interra Resources, Ltd.................................. 138,000 16,771 IPC Corp., Ltd.......................................... 72,000 8,128 Jardine Cycle & Carriage, Ltd........................... 5,000 156,061 k1 Ventures, Ltd........................................ 375,000 51,735 Keppel Corp., Ltd....................................... 60,000 385,354 Keppel Infrastructure Trust............................. 79,000 62,487 Keppel Land, Ltd........................................ 143,000 479,545 Keppel Telecommunications & Transportation, Ltd......... 10,000 12,857 Koh Brothers Group, Ltd................................. 48,000 11,002 KSH Holdings, Ltd....................................... 48,000 18,255 Lian Beng Group, Ltd.................................... 185,000 85,987 * Linc Energy, Ltd........................................ 22,821 9,792 Low Keng Huat Singapore, Ltd............................ 66,000 35,845 M1, Ltd................................................. 47,000 129,955 * Manhattan Resources, Ltd................................ 32,000 8,475 Marco Polo Marine, Ltd.................................. 72,000 14,868 Mermaid Maritime PCL.................................... 142,000 31,395 Mewah International, Inc................................ 80,000 22,397 Midas Holdings, Ltd..................................... 424,000 106,098 # Nam Cheong, Ltd......................................... 310,000 71,694 #* Neptune Orient Lines, Ltd............................... 223,000 166,213 Nera Telecommunications, Ltd............................ 53,000 29,538 Noble Group, Ltd........................................ 765,000 598,417 #* Oceanus Group, Ltd...................................... 461,000 4,104 Olam International, Ltd................................. 98,000 142,677 # OSIM International, Ltd................................. 49,000 70,092 OUE Hospitality Trust................................... 14,167 9,793 OUE, Ltd................................................ 85,000 138,041 Oversea-Chinese Banking Corp., Ltd...................... 227,061 1,741,595 Oxley Holdings, Ltd..................................... 80,000 30,080 Pan-United Corp., Ltd................................... 43,000 27,670 Penguin International, Ltd.............................. 125,000 21,197 Petra Foods, Ltd........................................ 7,000 20,637 Popular Holdings, Ltd................................... 34,000 7,790 QAF, Ltd................................................ 35,534 26,329 Raffles Education Corp., Ltd............................ 110,370 26,948 Raffles Medical Group, Ltd.............................. 82,356 241,413 Rotary Engineering, Ltd................................. 55,000 22,552 SATS, Ltd............................................... 135,870 296,968 SBS Transit, Ltd........................................ 11,500 15,997 SembCorp Industries, Ltd................................ 98,000 311,634 # SembCorp Marine, Ltd.................................... 90,000 199,161 Sheng Siong Group, Ltd.................................. 80,000 42,796 SHS Holdings, Ltd....................................... 97,000 18,225 SIA Engineering Co., Ltd................................ 10,000 32,199 Sim Lian Group, Ltd..................................... 42,000 27,446 Sinarmas Land, Ltd...................................... 412,000 197,411 Sing Holdings, Ltd...................................... 16,000 4,016 Singapore Airlines, Ltd................................. 84,000 784,604 Singapore Exchange, Ltd................................. 59,000 338,478 Singapore Post, Ltd..................................... 222,000 350,955 1512 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SINGAPORE -- (Continued) # Singapore Press Holdings, Ltd.......................... 61,000 $ 186,026 Singapore Technologies Engineering, Ltd................ 98,000 243,090 Singapore Telecommunications, Ltd...................... 390,000 1,174,474 #* Sino Grandness Food Industry Group, Ltd................ 156,000 58,071 SMRT Corp., Ltd........................................ 144,000 186,137 Stamford Land Corp., Ltd............................... 150,000 62,558 StarHub, Ltd........................................... 22,000 67,902 Sunningdale Tech, Ltd.................................. 190,000 28,031 * SunVic Chemical Holdings, Ltd.......................... 69,000 24,171 # Super Group, Ltd....................................... 166,000 136,029 # Swiber Holdings, Ltd................................... 211,500 29,830 # Swissco Holdings, Ltd.................................. 57,000 19,414 Tat Hong Holdings, Ltd................................. 151,000 82,367 Tiong Woon Corp. Holding, Ltd.......................... 31,000 5,268 Triyards holdings, Ltd................................. 18,520 6,463 Tuan Sing Holdings, Ltd................................ 136,107 40,672 UMS Holdings, Ltd...................................... 70,000 26,607 United Engineers, Ltd.................................. 87,000 195,156 # United Envirotech, Ltd................................. 117,125 140,386 United Industrial Corp., Ltd........................... 114,070 297,018 United Overseas Bank, Ltd.............................. 74,987 1,282,335 UOB-Kay Hian Holdings, Ltd............................. 70,951 79,070 UOL Group, Ltd......................................... 95,055 505,870 # UPP Holdings, Ltd...................................... 64,000 11,777 #* Vard Holdings, Ltd..................................... 157,000 58,435 Venture Corp., Ltd..................................... 43,000 258,215 Vibrant Group, Ltd..................................... 179,000 13,077 Wee Hur Holdings, Ltd.................................. 112,500 31,941 Wilmar International, Ltd.............................. 115,000 272,917 Wing Tai Holdings, Ltd................................. 140,221 189,493 Yeo Hiap Seng, Ltd..................................... 7,068 9,089 Yongnam Holdings, Ltd.................................. 333,000 43,998 ----------- TOTAL SINGAPORE............................................ 21,606,993 ----------- SOUTH AFRICA -- (2.0%) * Adcock Ingram Holdings, Ltd............................ 32,528 120,227 Adcorp Holdings, Ltd................................... 1,617 4,592 Advtech, Ltd........................................... 78,146 61,498 Aeci, Ltd.............................................. 37,099 397,053 African Bank Investments, Ltd.......................... 160,097 3,196 African Oxygen, Ltd.................................... 21,153 25,367 African Rainbow Minerals, Ltd.......................... 31,896 320,759 Allied Electronics Corp., Ltd.......................... 8,984 13,585 * Anglo American Platinum, Ltd........................... 3,203 98,193 * AngloGold Ashanti, Ltd................................. 2,804 34,009 * AngloGold Ashanti, Ltd. Sponsored ADR.................. 80,088 991,489 * ArcelorMittal South Africa, Ltd........................ 37,213 79,008 Aspen Pharmacare Holdings, Ltd......................... 16,002 599,185 Assore, Ltd............................................ 5,799 79,620 Astral Foods, Ltd...................................... 11,608 195,964 * Aveng, Ltd............................................. 104,462 160,152 AVI, Ltd............................................... 116,976 847,678 Barclays Africa Group, Ltd............................. 32,573 553,755 1513 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH AFRICA -- (Continued) Barloworld, Ltd......................................... 83,546 $ 630,396 * Basil Read Holdings, Ltd................................ 24,073 9,352 Bidvest Group, Ltd. (The)............................... 58,656 1,618,823 * Brait SE................................................ 43,128 284,874 Business Connexion Group, Ltd........................... 66,747 35,208 Capitec Bank Holdings, Ltd.............................. 14,213 465,990 Cashbuild, Ltd.......................................... 6,497 103,657 Caxton and CTP Publishers and Printers, Ltd............. 3,193 4,190 City Lodge Hotels, Ltd.................................. 3,620 39,188 Clicks Group, Ltd....................................... 53,010 409,695 * Consolidated Infrastructure Group, Ltd.................. 4,845 10,937 Coronation Fund Managers, Ltd........................... 32,137 284,415 DataTec, Ltd............................................ 20,384 102,611 Discovery, Ltd.......................................... 97,253 957,876 Distell Group, Ltd...................................... 5,376 66,276 Distribution and Warehousing Network, Ltd............... 53,514 31,225 DRDGOLD, Ltd............................................ 84,168 19,252 EOH Holdings, Ltd....................................... 34,170 353,572 * Eqstra Holdings, Ltd.................................... 14,728 4,011 * Evraz Highveld Steel and Vanadium, Ltd.................. 4,215 1,155 Exxaro Resources, Ltd................................... 20,185 178,849 Famous Brands, Ltd...................................... 9,753 92,636 FirstRand, Ltd.......................................... 270,073 1,201,926 Foschini Group, Ltd. (The).............................. 56,088 804,166 Gold Fields, Ltd. Sponsored ADR......................... 270,230 1,594,357 Grand Parade Investments, Ltd........................... 20,425 11,024 Grindrod, Ltd........................................... 113,853 177,446 Group Five, Ltd......................................... 29,546 66,869 Growthpoint Properties, Ltd............................. 117,022 293,811 #* Harmony Gold Mining Co., Ltd. Sponsored ADR............. 75,494 234,031 Hudaco Industries, Ltd.................................. 8,650 87,256 Iliad Africa, Ltd....................................... 2,000 1,459 Illovo Sugar, Ltd....................................... 50,775 104,905 * Impala Platinum Holdings, Ltd........................... 52,981 343,747 Imperial Holdings, Ltd.................................. 52,674 927,900 Investec, Ltd........................................... 33,743 282,637 * JD Group, Ltd........................................... 38,227 82,540 JSE, Ltd................................................ 17,413 182,610 Kumba Iron Ore, Ltd..................................... 1,908 36,675 Lewis Group, Ltd........................................ 34,107 265,799 Liberty Holdings, Ltd................................... 32,125 361,155 Life Healthcare Group Holdings, Ltd..................... 120,481 448,363 Massmart Holdings, Ltd.................................. 11,122 158,303 Mediclinic International, Ltd........................... 49,111 485,610 Merafe Resources, Ltd................................... 389,559 30,918 Metair Investments, Ltd................................. 25,311 70,502 MMI Holdings, Ltd....................................... 295,025 792,847 Mondi, Ltd.............................................. 24,210 435,033 Mpact, Ltd.............................................. 26,884 82,133 Mr Price Group, Ltd..................................... 33,297 754,175 MTN Group, Ltd.......................................... 75,756 1,308,208 Murray & Roberts Holdings, Ltd.......................... 94,705 159,786 Nampak, Ltd............................................. 176,790 644,494 1514 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH AFRICA -- (Continued) Naspers, Ltd. Class N.................................. 7,392 $ 1,066,384 Nedbank Group, Ltd..................................... 29,201 640,146 Netcare, Ltd........................................... 225,057 747,152 * Northam Platinum, Ltd.................................. 67,705 222,976 Oceana Group, Ltd...................................... 5,665 52,170 Omnia Holdings, Ltd.................................... 20,236 296,623 Peregrine Holdings, Ltd................................ 37,081 77,166 Pick n Pay Stores, Ltd................................. 51,127 252,004 * Pinnacle Holdings, Ltd................................. 38,098 35,450 Pioneer Foods, Ltd..................................... 19,187 250,051 PPC, Ltd............................................... 106,470 195,108 PSG Group, Ltd......................................... 36,708 417,640 * Quantum Foods Holdings, Ltd............................ 19,187 6,464 Raubex Group, Ltd...................................... 27,230 47,600 RCL Foods, Ltd......................................... 37,465 57,304 Reunert, Ltd........................................... 51,765 277,815 Sanlam, Ltd............................................ 288,271 1,727,821 Santam, Ltd............................................ 4,312 84,394 * Sappi, Ltd............................................. 175,020 718,595 * Sappi, Ltd. Sponsored ADR.............................. 35,009 142,837 Sasol, Ltd............................................. 3,423 123,639 Sasol, Ltd. Sponsored ADR.............................. 46,615 1,728,484 Shoprite Holdings, Ltd................................. 36,188 572,047 Sibanye Gold, Ltd...................................... 152,779 413,098 Sibanye Gold, Ltd. Sponsored ADR....................... 20,552 228,949 Spar Group, Ltd. (The)................................. 37,112 585,433 Spur Corp., Ltd........................................ 10,572 36,160 Standard Bank Group, Ltd............................... 103,268 1,363,677 * Stefanutti Stocks Holdings, Ltd........................ 21,041 9,224 Steinhoff International Holdings, Ltd.................. 308,096 1,574,661 Sun International, Ltd................................. 19,909 221,564 * Super Group, Ltd....................................... 92,311 271,472 * Telkom SA SOC, Ltd..................................... 97,670 583,670 * Telkom SA SOC, Ltd. Sponsored ADR...................... 1,800 42,840 Tiger Brands, Ltd...................................... 19,888 670,700 Times Media Group, Ltd................................. 254 448 Tongaat Hulett, Ltd.................................... 24,098 330,524 Trencor, Ltd........................................... 20,950 126,437 Truworths International, Ltd........................... 86,997 602,451 Tsogo Sun Holdings, Ltd................................ 52,225 123,007 Vodacom Group, Ltd..................................... 8,904 102,230 Wilson Bayly Holmes-Ovcon, Ltd......................... 12,652 131,100 Woolworths Holdings, Ltd............................... 117,532 872,389 Zeder Investments, Ltd................................. 39,899 26,794 ----------- TOTAL SOUTH AFRICA......................................... 40,776,901 ----------- SOUTH KOREA -- (3.5%) * Advanced Process Systems Corp.......................... 4,039 22,575 Aekyung Petrochemical Co., Ltd......................... 652 40,181 Agabang&Company........................................ 8,724 60,355 Ahnlab, Inc............................................ 492 20,243 * AJ Rent A Car Co., Ltd................................. 1,260 18,982 AK Holdings, Inc....................................... 1,291 119,636 1515 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Amorepacific Corp.......................................... 132 $318,122 AMOREPACIFIC Group......................................... 563 641,733 * Amotech Co., Ltd........................................... 3,651 58,029 Anapass, Inc............................................... 1,105 13,537 Asia Cement Co., Ltd....................................... 37 4,054 ASIA Holdings Co., Ltd..................................... 778 101,351 * Asiana Airlines, Inc....................................... 32,610 257,711 AtlasBX Co., Ltd........................................... 2,108 82,346 Basic House Co., Ltd. (The)................................ 1,300 19,574 * BH Co., Ltd................................................ 3,736 30,086 Binggrae Co., Ltd.......................................... 1,160 78,652 Boryung Pharmaceutical Co., Ltd............................ 308 12,479 BS Financial Group, Inc.................................... 52,032 657,688 Bukwang Pharmaceutical Co., Ltd............................ 4,239 79,080 * Capro Corp................................................. 5,800 17,867 * Celltrion Pharm, Inc....................................... 2,136 22,554 * Celltrion, Inc............................................. 2,695 99,946 * Chabiotech Co., Ltd........................................ 5,500 70,577 * Chadiostech Co., Ltd....................................... 1,052 2,972 * Cheil Worldwide, Inc....................................... 9,650 173,874 Chemtronics Co., Ltd....................................... 2,572 26,126 * Chin Hung International, Inc............................... 6,886 8,811 * China Great Star International, Ltd........................ 7,878 21,132 * China Ocean Resources Co., Ltd............................. 12,390 54,251 Chong Kun Dang Pharmaceutical Corp......................... 2,545 129,517 Chongkundang Holdings Corp................................. 984 53,201 CJ CGV Co., Ltd............................................ 2,736 152,116 CJ CheilJedang Corp........................................ 1,826 585,036 CJ Corp.................................................... 3,789 594,897 * CJ E&M Corp................................................ 5,469 189,427 * CJ Korea Express Co., Ltd.................................. 1,607 281,440 CJ O Shopping Co., Ltd..................................... 386 78,118 * CNK International Co., Ltd................................. 7,639 9,037 * Com2uSCorp................................................. 390 62,884 * Cosmochemical Co., Ltd..................................... 3,760 16,670 Coway Co., Ltd............................................. 5,146 412,405 Crown Confectionery Co., Ltd............................... 181 38,653 * D.I Corp................................................... 5,590 35,994 Dae Han Flour Mills Co., Ltd............................... 349 52,846 Dae Won Kang Up Co., Ltd................................... 9,910 56,455 Dae-Il Corp................................................ 7,510 32,028 * Daechang Co., Ltd.......................................... 10,260 8,008 Daeduck Electronics Co..................................... 11,360 96,250 Daeduck GDS Co., Ltd....................................... 7,580 87,242 Daehan Steel Co., Ltd...................................... 5,480 27,388 * Daekyung Machinery & Engineering Co., Ltd.................. 4,760 6,941 Daelim Industrial Co., Ltd................................. 6,172 307,945 Daesang Corp............................................... 4,120 142,796 Daesang Holdings Co., Ltd.................................. 5,320 84,408 Daewon Pharmaceutical Co., Ltd............................. 2,131 32,851 * Daewoo Engineering & Construction Co., Ltd................. 28,310 174,843 Daewoo International Corp.................................. 3,736 93,408 * Daewoo Securities Co., Ltd................................. 39,392 361,110 1516 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Daewoo Shipbuilding & Marine Engineering Co., Ltd.......... 9,657 $170,277 Daewoong Pharmaceutical Co., Ltd........................... 603 34,035 Daishin Securities Co., Ltd................................ 12,340 103,137 Daum Kakao Corp............................................ 2,249 312,463 DGB Financial Group, Inc................................... 55,971 536,767 Dong-A Socio Holdings Co., Ltd............................. 678 77,591 Dongaone Co., Ltd.......................................... 3,570 10,391 * Dongbu HiTek Co., Ltd...................................... 5,940 27,163 Dongbu Insurance Co., Ltd.................................. 8,866 427,719 * Dongbu Securities Co., Ltd................................. 7,220 26,343 * Dongbu Steel Co., Ltd...................................... 4,740 6,862 Dongjin Semichem Co., Ltd.................................. 2,909 9,986 Dongkuk Steel Mill Co., Ltd................................ 18,590 94,610 Dongkuk Structure & Construction Co., Ltd.................. 6,265 18,443 Dongsung Holdings Co., Ltd................................. 3,090 20,557 Dongwha Pharm Co., Ltd..................................... 8,350 45,429 Dongwon F&B Co., Ltd....................................... 458 137,213 Dongwon Industries Co., Ltd................................ 550 162,582 Dongyang E&P, Inc.......................................... 1,741 20,599 Doosan Corp................................................ 2,427 229,582 * Doosan Engine Co., Ltd..................................... 5,570 39,861 * Doosan Engineering & Construction Co., Ltd................. 408 3,377 Doosan Heavy Industries & Construction Co., Ltd............ 11,414 242,169 * Doosan Infracore Co., Ltd.................................. 27,680 256,281 DRB Holding Co., Ltd....................................... 4,247 46,605 * Duksan Hi-Metal Co., Ltd................................... 1,235 12,592 DuzonBIzon Co., Ltd........................................ 4,560 46,254 DY Corp.................................................... 5,177 31,471 * DY POWER Corp.............................................. 2,772 27,504 e-LITECOM Co., Ltd......................................... 1,023 13,968 E-Mart Co., Ltd............................................ 3,033 575,483 E1 Corp.................................................... 840 48,514 Eagon Industries Co., Ltd.................................. 2,350 33,428 Easy Bio, Inc.............................................. 7,164 37,217 EG Corp.................................................... 1,007 15,592 ENF Technology Co., Ltd.................................... 1,186 8,887 Eo Technics Co., Ltd....................................... 1,515 177,305 Eugene Corp................................................ 22,437 73,004 Eugene Technology Co., Ltd................................. 1,606 20,857 * Eusu Holdings Co., Ltd..................................... 2,147 21,593 EVERDIGM Corp.............................................. 5,587 35,598 Fila Korea, Ltd............................................ 1,477 147,877 * Flexcom, Inc............................................... 2,681 12,096 Fursys, Inc................................................ 2,447 68,745 Gaon Cable Co., Ltd........................................ 1,340 30,556 Global & Yuasa Battery Co., Ltd............................ 2,050 75,873 Global Display Co., Ltd.................................... 5,442 31,560 Golfzon Co., Ltd........................................... 2,670 60,776 Grand Korea Leisure Co., Ltd............................... 2,950 107,351 Green Cross Corp........................................... 899 113,894 Green Cross Holdings Corp.................................. 5,200 103,798 * GS Engineering & Construction Corp......................... 14,705 334,244 GS Global Corp............................................. 2,780 19,833 1517 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) GS Holdings Corp......................................... 12,583 $ 476,187 GS Home Shopping, Inc.................................... 332 64,012 GS retail Co., Ltd....................................... 7,250 172,371 * Halla Corp............................................... 3,187 18,064 Halla Holdings Corp...................................... 1,879 108,190 Halla Visteon Climate Control Corp....................... 4,010 168,806 Han Kuk Carbon Co., Ltd.................................. 9,360 48,054 Hana Financial Group, Inc................................ 34,290 1,002,315 Hana Tour Service, Inc................................... 1,057 82,323 Handok, Inc.............................................. 1,840 35,497 Handsome Co., Ltd........................................ 4,900 137,455 Hanil Cement Co., Ltd.................................... 1,122 168,921 * Hanjin Heavy Industries & Construction Co., Ltd.......... 23,224 82,352 * Hanjin Kal Corp.......................................... 17,459 517,074 * Hanjin Shipping Co., Ltd................................. 1 3 Hanjin Transportation Co., Ltd........................... 2,170 125,649 Hankook Shell Oil Co., Ltd............................... 110 50,129 Hankook Tire Co., Ltd.................................... 11,436 549,913 * Hanmi Pharm Co., Ltd..................................... 1,500 133,642 * Hanmi Science Co., Ltd................................... 4,486 61,473 Hansae Co., Ltd.......................................... 1,440 49,984 Hansae Yes24 Holdings Co., Ltd........................... 3,090 33,508 Hansol Chemical Co., Ltd................................. 1,170 53,749 Hansol Holdings Co., Ltd................................. 8,562 61,753 Hansol Logistics Co., Ltd................................ 15,480 32,316 * Hansol Paper Co., Ltd.................................... 5,227 93,447 * Hansol Technics Co., Ltd................................. 7,716 95,822 Hanssem Co., Ltd......................................... 1,492 209,390 Hanwha Chemical Corp..................................... 19,014 212,739 Hanwha Corp.............................................. 15,900 396,682 Hanwha Galleria Timeworld Co., Ltd....................... 700 42,560 * Hanwha General Insurance Co., Ltd........................ 7,534 28,847 * Hanwha Investment & Securities Co., Ltd.................. 14,239 51,600 Hanwha Life Insurance Co., Ltd........................... 45,527 322,954 Hanyang Securities Co., Ltd.............................. 1,630 11,016 * Harim Holdings Co., Ltd.................................. 2,717 12,313 Heung-A Shipping Co., Ltd................................ 22,060 56,204 Hite Jinro Co., Ltd...................................... 7,642 160,982 Hitejinro Holdings Co., Ltd.............................. 1,300 13,691 * HMC Investment Securities Co., Ltd....................... 3,246 30,320 Hotel Shilla Co., Ltd.................................... 5,490 509,409 Huchems Fine Chemical Corp............................... 2,620 63,247 Humax Co., Ltd........................................... 4,280 63,892 Huons Co., Ltd........................................... 1,093 58,361 Husteel Co., Ltd......................................... 2,170 34,608 Huvis Corp............................................... 4,510 47,038 Hwa Shin Co., Ltd........................................ 4,730 29,983 Hy-Lok Corp.............................................. 2,898 73,017 Hyosung Corp............................................. 6,041 398,641 * Hyundai BNG Steel Co., Ltd............................... 2,150 28,739 Hyundai Corp............................................. 3,840 95,808 Hyundai Department Store Co., Ltd........................ 3,692 400,288 Hyundai Development Co................................... 16,047 627,731 1518 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * Hyundai Elevator Co., Ltd................................ 3,022 $ 179,355 Hyundai Engineering & Construction Co., Ltd.............. 7,327 289,963 Hyundai Glovis Co., Ltd.................................. 440 98,001 Hyundai Greenfood Co., Ltd............................... 11,600 182,961 Hyundai Heavy Industries Co., Ltd........................ 3,121 319,815 Hyundai Home Shopping Network Corp....................... 625 68,377 Hyundai Hy Communications & Networks Co., Ltd............ 9,650 38,231 Hyundai Livart Furniture Co., Ltd........................ 4,100 128,169 Hyundai Marine & Fire Insurance Co., Ltd................. 15,061 358,426 Hyundai Mobis Co., Ltd................................... 3,738 845,041 Hyundai Motor Co......................................... 10,982 1,687,757 * Hyundai Securities Co., Ltd.............................. 40,700 277,272 Hyundai Steel Co......................................... 7,754 465,212 Hyundai Wia Corp......................................... 1,026 143,143 Il Dong Pharmaceutical Co., Ltd.......................... 3,120 47,743 Iljin Display Co., Ltd................................... 1,940 11,647 Iljin Electric Co., Ltd.................................. 5,010 40,979 * Iljin Materials Co., Ltd................................. 1,650 11,057 Ilshin Spinning Co., Ltd................................. 271 41,591 iMarketKorea, Inc........................................ 640 15,977 Industrial Bank of Korea................................. 28,423 333,894 * Infopia Co., Ltd......................................... 1,599 19,600 * InkTec Co., Ltd.......................................... 909 8,926 * InnoWireless, Inc........................................ 699 8,467 * Innox Corp............................................... 1,728 24,853 * Insun ENT Co., Ltd....................................... 11,140 43,797 * Interflex Co., Ltd....................................... 2,782 48,074 Interpark Corp........................................... 13,064 109,008 INTOPS Co., Ltd.......................................... 1,368 22,987 Inzi Controls Co., Ltd................................... 2,340 10,804 INZI Display Co., Ltd.................................... 6,794 11,294 * IS Dongseo Co., Ltd...................................... 2,030 108,453 ISU Chemical Co., Ltd.................................... 3,690 29,210 IsuPetasys Co., Ltd...................................... 14,830 75,758 Jahwa Electronics Co., Ltd............................... 6,340 86,227 JB Financial Group Co., Ltd.............................. 31,088 165,098 Jeil Pharmaceutical Co................................... 1,820 35,188 JW Holdings Co., Ltd..................................... 4,586 10,313 JW Pharmaceutical Corp................................... 3,241 41,605 Kangwon Land, Inc........................................ 8,480 250,069 KB Capital Co., Ltd...................................... 3,043 57,328 KB Financial Group, Inc.................................. 15,280 513,304 * KB Financial Group, Inc. ADR............................. 13,208 445,770 KC Green Holdings Co., Ltd............................... 5,380 44,170 KC Tech Co., Ltd......................................... 4,453 31,237 KEPCO Engineering & Construction Co., Inc................ 1,061 41,156 KEPCO Plant Service & Engineering Co., Ltd............... 1,610 129,672 KG Chemical Corp......................................... 1,860 28,523 Kginicis Co., Ltd........................................ 1,312 29,497 KH Vatec Co., Ltd........................................ 3,928 145,119 Kia Motors Corp.......................................... 21,237 887,538 Kishin Corp.............................................. 5,120 33,257 KISWIRE, Ltd............................................. 2,592 95,759 1519 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) KIWOOM Securities Co., Ltd............................... 3,271 $ 174,065 * KMH Co., Ltd............................................. 4,832 44,656 Koh Young Technology, Inc................................ 552 23,940 Kolao Holdings........................................... 3,520 54,269 * Kolon Global Corp........................................ 1,142 8,378 Kolon Industries, Inc.................................... 4,288 181,882 Kolon Life Science, Inc.................................. 571 22,877 KONA I Co., Ltd.......................................... 1,983 61,809 Korea Aerospace Industries, Ltd.......................... 2,430 103,409 Korea Circuit Co., Ltd................................... 3,237 37,370 Korea District Heating Corp.............................. 772 38,117 * Korea Electric Power Corp. Sponsored ADR................. 9,600 185,472 Korea Electric Terminal Co., Ltd......................... 1,750 103,304 * Korea Gas Corp........................................... 3,822 157,355 Korea Investment Holdings Co., Ltd....................... 10,480 493,879 Korea Kolmar Co., Ltd.................................... 431 22,617 Korea Petrochemical Ind Co., Ltd......................... 1,545 115,355 Korea United Pharm, Inc.................................. 1,346 18,864 Korea Zinc Co., Ltd...................................... 699 273,034 Korean Reinsurance Co.................................... 25,089 233,329 Kortek Corp.............................................. 1,982 21,111 KPX Chemical Co., Ltd.................................... 220 11,197 * KT Corp. Sponsored ADR................................... 5,400 72,576 * KT Hitel Co., Ltd........................................ 1,589 15,067 KT Skylife Co., Ltd...................................... 3,050 45,038 KT&G Corp................................................ 9,033 659,391 * KTB Investment & Securities Co., Ltd..................... 12,690 21,524 Kukdo Chemical Co., Ltd.................................. 1,090 46,357 Kumho Electric Co., Ltd.................................. 690 14,012 Kumho Petrochemical Co., Ltd............................. 931 75,823 * Kumho Tire Co., Inc...................................... 19,420 171,795 Kumkang Kind Co., Ltd.................................... 850 52,632 Kunsul Chemical Industrial Co., Ltd...................... 960 47,881 Kwang Dong Pharmaceutical Co., Ltd....................... 7,180 71,619 * Kwang Myung Electric Engineering Co., Ltd................ 4,580 9,946 * Kwangju Bank............................................. 2,900 23,620 * Kyobo Securities Co., Ltd................................ 5,430 48,350 * Kyongnam Bank............................................ 4,432 43,952 Kyung Dong Navien Co., Ltd............................... 590 13,416 Kyungchang Industrial Co., Ltd........................... 5,099 36,089 KyungDong City Gas Co., Ltd.............................. 197 17,742 Kyungdong Pharm Co., Ltd................................. 1,450 31,679 * LB Semicon, Inc.......................................... 4,067 6,127 LEENO Industrial, Inc.................................... 1,048 38,168 LF Corp.................................................. 4,880 139,837 LG Chem, Ltd............................................. 1,616 290,623 LG Corp.................................................. 10,961 616,860 LG Display Co., Ltd...................................... 4,840 159,033 * LG Display Co., Ltd. ADR................................. 94,721 1,533,533 LG Electronics, Inc...................................... 20,226 1,120,535 LG Hausys, Ltd........................................... 1,425 232,378 LG Household & Health Care, Ltd.......................... 649 406,586 LG Innotek Co., Ltd...................................... 2,590 229,549 1520 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) LG International Corp...................................... 4,050 $135,309 * LG Life Sciences, Ltd...................................... 1,620 69,041 LG Uplus Corp.............................................. 64,280 708,660 LIG Insurance Co., Ltd..................................... 14,710 308,336 Lock&Lock Co., Ltd......................................... 3,170 30,053 Lotte Chemical Corp........................................ 3,981 628,118 Lotte Chilsung Beverage Co., Ltd........................... 88 133,346 Lotte Confectionery Co., Ltd............................... 176 299,931 Lotte Food Co., Ltd........................................ 89 50,332 LOTTE Himart Co., Ltd...................................... 1,430 70,431 * Lotte Non-Life Insurance Co., Ltd.......................... 2,500 6,113 Lotte Shopping Co., Ltd.................................... 1,627 352,157 LS Corp.................................................... 3,920 171,827 LS Industrial Systems Co., Ltd............................. 1,605 88,462 * Lumens Co., Ltd............................................ 7,572 44,991 Macquarie Korea Infrastructure Fund........................ 51,254 344,392 * Macrogen, Inc.............................................. 656 33,224 Maeil Dairy Industry Co., Ltd.............................. 1,665 48,863 * Mando Corp................................................. 2,051 309,183 Medy-Tox, Inc.............................................. 997 335,003 MegaStudy Co., Ltd......................................... 1,386 75,379 * Melfas, Inc................................................ 5,717 27,085 Meritz Financial Group, Inc................................ 9,650 85,434 Meritz Fire & Marine Insurance Co., Ltd.................... 19,112 212,586 Meritz Securities Co., Ltd................................. 69,570 243,536 Mirae Asset Securities Co., Ltd............................ 4,741 199,514 MK Electron Co., Ltd....................................... 5,177 27,442 * MNTech Co., Ltd............................................ 5,018 26,011 Modetour Network, Inc...................................... 692 17,426 Moorim P&P Co., Ltd........................................ 8,640 30,831 Motonic Corp............................................... 2,210 27,590 * Muhak Co., Ltd............................................. 3,624 122,630 Namhae Chemical Corp....................................... 9,970 80,084 Naver Corp................................................. 717 464,733 NCSoft Corp................................................ 1,673 305,518 * Neowiz Games Corp.......................................... 4,290 87,087 * NEPES Corp................................................. 6,920 59,624 Nexen Corp................................................. 310 24,969 Nexen Tire Corp............................................ 6,774 96,242 * NHN Entertainment Corp..................................... 306 20,765 NICE Holdings Co., Ltd..................................... 4,060 63,687 NICE Information Service Co., Ltd.......................... 130 758 * NK Co., Ltd................................................ 2,093 8,138 Nong Shim Holdings Co., Ltd................................ 792 77,798 NongShim Co., Ltd.......................................... 643 135,808 * OCI Co., Ltd............................................... 2,346 166,325 OCI Materials Co., Ltd..................................... 1,887 110,857 * OPTRON-TEC, Inc............................................ 1,515 8,807 Orion Corp................................................. 374 356,882 * Osstem Implant Co., Ltd.................................... 3,554 143,293 * Osung LST Co., Ltd......................................... 2,355 1,426 Ottogi Corp................................................ 244 126,694 Paradise Co., Ltd.......................................... 2,315 55,315 1521 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Partron Co., Ltd......................................... 8,861 $ 100,140 Poongsan Corp............................................ 7,260 150,104 POSCO ADR................................................ 18,551 1,080,225 POSCO Chemtech Co., Ltd.................................. 461 56,961 Posco ICT Co., Ltd....................................... 7,848 39,298 * Posco Plantec Co., Ltd................................... 3,608 12,185 * Power Logics Co., Ltd.................................... 6,846 26,121 Pyeong Hwa Automotive Co., Ltd........................... 3,427 52,834 RFTech Co., Ltd.......................................... 4,463 36,378 S&T Dynamics Co., Ltd.................................... 5,750 52,659 S&T Motiv Co., Ltd....................................... 2,830 114,249 S-1 Corp................................................. 1,719 125,062 S-MAC Co., Ltd........................................... 7,741 32,341 S-Oil Corp............................................... 4,657 256,168 Saeron Automotive Corp................................... 3,700 34,850 * Sajo Industries Co., Ltd................................. 870 35,508 Sam Yung Trading Co., Ltd................................ 3,760 80,067 Samchully Co., Ltd....................................... 607 76,308 SAMHWA Paints Industrial Co., Ltd........................ 1,500 20,412 Samick Musical Instruments Co., Ltd...................... 16,530 65,049 Samick THK Co., Ltd...................................... 1,380 10,507 Samjin Pharmaceutical Co., Ltd........................... 380 8,008 Samkwang Glass........................................... 530 35,927 Samlip General Foods Co., Ltd............................ 205 36,248 Samsung Electro-Mechanics Co., Ltd....................... 17,665 1,075,111 Samsung Electronics Co., Ltd............................. 3,795 4,711,098 Samsung Electronics Co., Ltd. GDR........................ 3,382 2,082,093 * Samsung Engineering Co., Ltd............................. 1,437 49,563 Samsung Fine Chemicals Co., Ltd.......................... 1,114 34,661 Samsung Fire & Marine Insurance Co., Ltd................. 4,584 1,234,275 Samsung Heavy Industries Co., Ltd........................ 22,890 370,580 Samsung Life Insurance Co., Ltd.......................... 3,127 321,187 Samsung SDI Co., Ltd..................................... 7,572 883,568 Samsung Securities Co., Ltd.............................. 12,452 537,264 Samsung Techwin Co., Ltd................................. 3,840 80,057 Samyang Foods Co., Ltd................................... 870 17,133 Samyang Holdings Corp.................................... 1,808 155,463 Savezone I&C Corp........................................ 7,320 40,954 SBS Media Holdings Co., Ltd.............................. 17,020 69,554 Seah Besteel Corp........................................ 4,160 120,993 SeAH Holdings Corp....................................... 341 45,637 SeAH Steel Corp.......................................... 878 61,269 Sebang Co., Ltd.......................................... 4,540 79,273 * Seegene, Inc............................................. 1,575 46,946 Sejong Industrial Co., Ltd............................... 4,410 54,347 * Seohee Construction Co., Ltd............................. 59,786 42,444 Seoul Semiconductor Co., Ltd............................. 2,704 47,853 Seoyeon Co., Ltd......................................... 5,173 66,088 * Sewon Cellontech Co., Ltd................................ 9,690 23,854 Sewon Precision Industry Co., Ltd........................ 410 9,750 SFA Engineering Corp..................................... 2,051 86,144 Shinhan Financial Group Co., Ltd......................... 11,050 451,154 * Shinhan Financial Group Co., Ltd. ADR.................... 18,630 742,406 1522 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Shinsegae Co., Ltd....................................... 1,834 $ 268,930 Shinsegae International Co., Ltd......................... 500 40,694 * Shinsung Solar Energy Co., Ltd........................... 8,513 9,905 Silicon Works Co., Ltd................................... 3,171 83,529 Silla Co., Ltd........................................... 1,850 36,279 * Simm Tech Co., Ltd....................................... 13,169 126,482 * SK Broadband Co., Ltd.................................... 57,746 223,493 SK Chemicals Co., Ltd.................................... 3,118 173,395 * SK Communications Co., Ltd............................... 5,796 38,937 SK Gas, Ltd.............................................. 1,640 128,817 SK Holdings Co., Ltd..................................... 7,363 1,147,973 SK Hynix, Inc............................................ 23,180 1,001,273 SK Innovation Co., Ltd................................... 5,204 441,921 * SK Networks Co., Ltd..................................... 32,770 280,709 * SK Securities Co., Ltd................................... 97,610 83,302 SK Telecom Co., Ltd...................................... 191 50,055 SK Telecom Co., Ltd. ADR................................. 6,000 172,500 SKC Co., Ltd............................................. 5,040 138,406 SL Corp.................................................. 5,700 91,963 * SM Entertainment Co...................................... 2,832 94,337 Songwon Industrial Co., Ltd.............................. 2,850 22,500 Soulbrain Co., Ltd....................................... 2,878 95,427 * Ssangyong Cement Industrial Co., Ltd..................... 4,260 58,280 * STS Semiconductor & Telecommunications................... 13,061 49,515 * STX Engine Co., Ltd...................................... 4,720 2,840 Suheung Co., Ltd......................................... 930 41,900 Sung Kwang Bend Co., Ltd................................. 4,521 54,500 * Sungchang Enterprise Holdings, Ltd....................... 1,650 31,899 * Sungshin Cement Co., Ltd................................. 3,440 42,488 Sungwoo Hitech Co., Ltd.................................. 12,109 133,566 * Suprema, Inc............................................. 1,355 33,294 * Synopex, Inc............................................. 20,990 35,981 Taekwang Industrial Co., Ltd............................. 100 102,904 * Taewoong Co., Ltd........................................ 3,281 44,752 * Taeyoung Engineering & Construction Co., Ltd............. 14,580 64,549 Tongyang Life Insurance.................................. 9,040 90,733 * Top Engineering Co., Ltd................................. 1,477 5,896 * Toray Chemical Korea, Inc................................ 460 5,932 TS Corp.................................................. 1,392 31,772 Uju Electronics Co., Ltd................................. 629 8,803 Unid Co., Ltd............................................ 1,490 79,757 Vieworks Co., Ltd........................................ 893 26,636 WillBes & Co. (The)...................................... 12,360 15,374 * Wonik IPS Co., Ltd....................................... 8,326 101,738 Woojeon & Handan Co., Ltd................................ 5,947 13,347 * Woongjin Holdings Co., Ltd............................... 20,020 38,010 * Woongjin Thinkbig Co., Ltd............................... 2,791 19,190 Wooree ETI Co., Ltd...................................... 9,835 17,612 * Woori Bank............................................... 34,860 280,512 * Woori Bank Sponsored ADR................................. 1,175 27,781 Woori Investment & Securities Co., Ltd................... 26,345 265,284 * Woori Investment Bank Co., Ltd........................... 99,956 37,096 Y G-1 Co., Ltd........................................... 4,426 36,793 1523 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) YG Entertainment, Inc.................................. 1,175 $ 50,776 Youlchon Chemical Co., Ltd............................. 1,990 19,606 Young Poong Corp....................................... 198 256,589 Youngone Corp.......................................... 8,136 417,214 Youngone Holdings Co., Ltd............................. 2,034 166,650 Yuhan Corp............................................. 1,428 222,869 ----------- TOTAL SOUTH KOREA.......................................... 70,361,757 ----------- SPAIN -- (1.9%) Abengoa SA............................................. 11,833 37,797 Abengoa SA Class B..................................... 166,205 491,065 Abertis Infraestructuras SA............................ 31,587 618,543 * Acciona SA............................................. 9,147 653,863 Acerinox SA............................................ 36,644 545,532 ACS Actividades de Construccion y Servicios SA......... 12,554 436,625 Adveo Group International SA........................... 2,149 31,507 * Almirall SA............................................ 9,125 159,182 Amadeus IT Holding SA Class A.......................... 25,478 1,021,776 Atresmedia Corp de Medios de Comunicacion SA........... 9,022 132,564 Banco Bilbao Vizcaya Argentaria SA..................... 110,977 948,003 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR....... 162,839 1,387,390 Banco de Sabadell SA................................... 718,590 1,815,938 * Banco Popular.......................................... 972 4,123 Banco Popular Espanol SA............................... 229,574 970,398 Banco Santander SA..................................... 456,315 3,069,206 Banco Santander SA Sponsored ADR....................... 247,124 1,653,260 * Bankia SA.............................................. 346,527 453,215 Bankinter SA........................................... 119,138 827,720 * Baron de Ley........................................... 336 29,219 Bolsas y Mercados Espanoles SA......................... 18,297 752,153 CaixaBank SA........................................... 144,158 627,916 #* Caja de Ahorros del Mediterraneo....................... 4,397 -- Cie Automotive SA...................................... 13,931 200,540 Construcciones y Auxiliar de Ferrocarriles SA.......... 434 145,903 Distribuidora Internacional de Alimentacion SA......... 77,502 501,758 Duro Felguera SA....................................... 16,567 66,494 Ebro Foods SA.......................................... 14,596 248,359 Elecnor SA............................................. 4,850 44,833 Enagas SA.............................................. 35,500 1,124,198 Ence Energia y Celulosa S.A............................ 57,937 173,271 * Ercros SA.............................................. 16,413 7,684 Faes Farma SA(B1PQHS6)................................. 64,265 130,865 * Faes Farma SA(BTGQBZ6)................................. 2,380 4,854 Ferrovial SA........................................... 38,337 760,563 * Fluidra SA............................................. 4,609 15,537 * Fomento de Construcciones y Contratas SA............... 27,241 337,205 * Gamesa Corp. Tecnologica SA............................ 75,988 751,273 Gas Natural SDG SA..................................... 33,472 785,714 Grifols SA............................................. 11,550 484,514 Grupo Catalana Occidente SA............................ 11,982 342,598 * Grupo Ezentis SA....................................... 30,793 23,657 Iberdrola SA........................................... 672,516 4,641,990 Inditex SA............................................. 27,302 804,686 1524 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) Indra Sistemas SA...................................... 31,963 $ 326,523 * Jazztel P.L.C.......................................... 48,238 683,432 Mapfre SA.............................................. 197,914 666,249 * Mediaset Espana Comunicacion SA........................ 65,145 793,085 Melia Hotels International SA.......................... 19,140 219,856 Miquel y Costas & Miquel SA............................ 3,050 105,679 * NH Hotel Group SA...................................... 54,240 267,788 Obrascon Huarte Lain SA................................ 16,188 374,055 Papeles y Cartones de Europa SA........................ 21,567 103,667 * Pescanova SA........................................... 2,936 -- * Promotora de Informaciones SA Class A.................. 188,894 50,092 Prosegur Cia de Seguridad SA........................... 35,499 197,440 * Realia Business SA..................................... 20,311 13,986 Red Electrica Corp. SA................................. 11,186 953,026 Repsol SA.............................................. 34,184 605,559 Repsol SA Sponsored ADR................................ 43,917 781,723 * Sacyr SA............................................... 61,369 226,958 Tecnicas Reunidas SA................................... 6,519 253,507 * Telecomunicaciones y Energia........................... 8,716 14,668 Telefonica SA.......................................... 159,388 2,390,094 Telefonica SA Sponsored ADR............................ 44,308 660,632 Tubacex SA............................................. 36,604 107,078 Tubos Reunidos SA...................................... 30,261 54,194 Vidrala SA............................................. 4,238 210,722 Viscofan SA............................................ 8,630 499,311 * Vocento SA............................................. 6,696 12,544 Zardoya Otis SA........................................ 25,192 286,896 * Zeltia SA.............................................. 45,742 155,755 ----------- TOTAL SPAIN................................................ 39,278,010 ----------- SWEDEN -- (2.4%) AAK AB................................................. 7,868 427,370 Acando AB.............................................. 11,914 19,281 AddTech AB Class B..................................... 4,134 58,361 AF AB Class B.......................................... 14,876 227,891 Alfa Laval AB.......................................... 22,725 422,121 Assa Abloy AB Class B.................................. 23,091 1,261,090 Atlas Copco AB Class A................................. 15,877 470,096 Atlas Copco AB Class B................................. 9,205 251,767 Atrium Ljungberg AB Class B............................ 883 13,306 Avanza Bank Holding AB................................. 5,322 175,542 Axfood AB.............................................. 3,603 218,669 # Axis Communications AB................................. 9,161 245,239 B&B Tools AB Class B................................... 5,827 99,685 Beijer Alma AB......................................... 4,107 98,869 Beijer Electronics AB.................................. 1,176 7,251 Beijer Ref AB Class B.................................. 2,908 47,248 Betsson AB............................................. 11,976 448,794 Bilia AB Class A....................................... 8,813 267,283 BillerudKorsnas AB..................................... 42,906 651,290 BioGaia AB Class B..................................... 1,910 41,500 Bjoern Borg AB......................................... 4,436 12,409 Boliden AB............................................. 72,494 1,132,482 1525 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) Bulten AB................................................ 4,493 $ 41,296 Byggmax Group AB......................................... 22,164 147,058 Castellum AB............................................. 31,116 489,278 Clas Ohlson AB Class B................................... 5,206 80,495 * Cloetta AB Class B....................................... 6,849 20,743 Concentric AB............................................ 13,233 169,050 Corem Property Group AB Class B.......................... 1,440 5,027 Dios Fastigheter AB...................................... 9,517 71,486 Doro AB.................................................. 2,400 12,533 Duni AB.................................................. 8,871 131,146 Electrolux AB Series B................................... 43,531 1,339,818 Elekta AB Class B........................................ 32,169 344,832 Enea AB.................................................. 6,373 57,482 #* Eniro AB................................................. 35,735 22,009 Fabege AB................................................ 27,473 375,022 * Fastighets AB Balder..................................... 6,448 93,249 Getinge AB Class B....................................... 27,163 669,499 Gunnebo AB............................................... 12,828 62,428 Haldex AB................................................ 20,108 271,524 Hennes & Mauritz AB Class B.............................. 28,325 1,165,198 Hexagon AB Class B....................................... 32,386 1,025,438 Hexpol AB................................................ 5,500 551,792 HIQ International AB..................................... 13,808 71,460 Holmen AB Class B........................................ 16,575 598,042 Hufvudstaden AB Class A.................................. 6,318 82,756 Husqvarna AB Class A..................................... 20,121 140,419 Husqvarna AB Class B..................................... 88,274 613,078 ICA Gruppen AB........................................... 16,701 641,676 Industrial & Financial Systems Class B................... 4,074 125,438 Indutrade AB............................................. 7,662 311,857 Intrum Justitia AB....................................... 17,478 465,118 JM AB.................................................... 29,023 955,315 KappAhl AB............................................... 16,275 81,950 Klovern AB Class A....................................... 4,762 4,963 * Klovern AB Class B....................................... 47,620 47,481 KNOW IT AB............................................... 7,176 42,180 Kungsleden AB............................................ 26,015 199,293 Lagercrantz AB Class B................................... 3,024 52,890 * Lindab International AB.................................. 18,482 153,032 Loomis AB Class B........................................ 20,874 617,629 * Lundin Petroleum AB...................................... 27,026 350,610 Meda AB Class A.......................................... 65,443 921,704 #* Medivir AB Class B....................................... 11,136 132,004 Mekonomen AB............................................. 3,503 82,286 Millicom International Cellular SA....................... 6,790 433,002 Modern Times Group AB Class B............................ 11,891 336,537 MQ Holding AB............................................ 7,306 31,698 Mycronic AB.............................................. 28,090 98,170 NCC AB Class A........................................... 2,685 86,902 NCC AB Class B........................................... 25,519 825,141 Nederman Holding AB...................................... 53 1,006 Net Entertainment NE AB.................................. 5,323 168,659 * Net Insight AB Class B................................... 64,475 28,594 1526 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) New Wave Group AB Class B............................... 15,359 $ 81,271 Nibe Industrier AB Class B.............................. 20,481 520,263 Nobia AB................................................ 40,048 347,186 Nolato AB Class B....................................... 9,672 232,088 Nordea Bank AB.......................................... 200,495 2,545,437 Nordnet AB Class B...................................... 25,543 85,608 Oriflame Cosmetics SA................................... 2,373 31,764 Peab AB................................................. 51,796 372,526 * Pricer AB Class B....................................... 33,823 30,995 Proffice AB Class B..................................... 13,012 31,434 #* Qliro Group AB.......................................... 5,064 9,770 Ratos AB Class B........................................ 20,933 130,786 * Rezidor Hotel Group AB.................................. 22,302 83,718 Saab AB Class B......................................... 16,440 400,190 Sagax AB Class B........................................ 4,530 30,048 Sandvik AB.............................................. 83,367 875,069 * SAS AB.................................................. 49,484 98,992 Sectra AB Class B....................................... 495 7,455 Securitas AB Class B.................................... 69,799 850,774 Semcon AB............................................... 3,284 20,631 Skandinaviska Enskilda Banken AB Class A................ 110,677 1,332,728 Skandinaviska Enskilda Banken AB Class C................ 886 11,021 Skanska AB Class B...................................... 72,846 1,614,575 SKF AB Class A.......................................... 1,436 33,921 SKF AB Class B.......................................... 31,237 736,315 SkiStar AB.............................................. 4,567 46,672 * SSAB AB Class A......................................... 13,020 63,318 * SSAB AB Class B(B17H3F6)................................ 28,975 124,697 * SSAB AB Class B(BPRBWM6)................................ 33,238 143,763 Svenska Cellulosa AB Class A............................ 5,638 136,124 Svenska Cellulosa AB Class B............................ 79,422 1,914,397 Svenska Handelsbanken AB Class A........................ 26,976 1,277,420 Svenska Handelsbanken AB Class B........................ 808 37,662 Sweco AB Class B........................................ 3,342 44,605 Swedbank AB Class A..................................... 71,036 1,718,421 Swedish Match AB........................................ 21,324 694,244 * Swedish Orphan Biovitrum AB............................. 25,167 263,796 Systemair AB............................................ 682 8,330 Tele2 AB Class B........................................ 116,877 1,322,202 Telefonaktiebolaget LM Ericsson Class A................. 12,842 150,250 Telefonaktiebolaget LM Ericsson Class B................. 123,302 1,494,945 Telefonaktiebolaget LM Ericsson Sponsored ADR........... 90,500 1,097,765 TeliaSonera AB.......................................... 237,375 1,462,648 TradeDoubler AB......................................... 13,109 15,060 * Transcom Worldwide AB................................... 1,831 12,501 Transmode AB............................................ 682 5,895 Trelleborg AB Class B................................... 56,922 1,029,436 Unibet Group P.L.C...................................... 7,951 473,508 Vitrolife AB............................................ 4,005 85,288 Volvo AB Class A........................................ 32,685 384,851 Volvo AB Class B........................................ 121,612 1,423,740 Volvo AB Sponsored ADR.................................. 1,200 14,052 Wallenstam AB Class B................................... 16,952 280,648 1527 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Wihlborgs Fastigheter AB............................... 9,465 $ 185,250 ----------- TOTAL SWEDEN............................................... 48,870,890 ----------- SWITZERLAND -- (4.9%) ABB, Ltd............................................... 162,743 3,128,931 # ABB, Ltd. Sponsored ADR................................ 55,400 1,060,356 Actelion, Ltd.......................................... 10,350 1,143,266 Adecco SA.............................................. 23,752 1,774,358 AFG Arbonia-Forster Holding AG......................... 3,805 68,258 Allreal Holding AG..................................... 3,692 580,475 Alpiq Holding AG....................................... 648 45,789 ams AG................................................. 14,072 550,797 APG SGA SA............................................. 309 99,924 Aryzta AG.............................................. 22,161 1,661,396 Ascom Holding AG....................................... 19,142 294,823 Autoneum Holding AG.................................... 1,294 216,583 Bachem Holding AG Class B.............................. 894 41,730 Baloise Holding AG..................................... 12,070 1,571,118 Bank Coop AG........................................... 1,545 68,345 Banque Cantonale de Geneve............................. 133 31,514 Banque Cantonale Vaudoise.............................. 488 284,729 Barry Callebaut AG..................................... 321 320,072 Basler Kantonalbank.................................... 198 13,693 Belimo Holding AG...................................... 62 143,423 Bell AG................................................ 22 53,104 Bellevue Group AG...................................... 767 12,572 Berner Kantonalbank AG................................. 1,080 212,476 BKW AG................................................. 2,520 75,294 Bobst Group SA......................................... 2,987 91,116 Bossard Holding AG Class A............................. 1,456 150,763 Bucher Industries AG................................... 2,306 565,737 Burckhardt Compression Holding AG...................... 583 180,338 Burkhalter Holding AG.................................. 533 56,501 Calida Holding AG...................................... 1,726 64,989 Carlo Gavazzi Holding AG............................... 41 8,879 * Charles Voegele Holding AG............................. 3,510 50,280 Chocoladefabriken Lindt & Sprungli AG.................. 5 314,975 Cie Financiere Richemont SA............................ 30,323 2,519,177 Cie Financiere Tradition SA............................ 475 21,413 Clariant AG............................................ 77,364 1,242,951 Coltene Holding AG..................................... 804 54,361 Conzzeta AG............................................ 35 113,518 Credit Suisse Group AG................................. 44,571 938,480 Credit Suisse Group AG Sponsored ADR................... 58,869 1,238,604 Daetwyler Holding AG................................... 1,803 215,091 DKSH Holding AG........................................ 3,658 277,691 * Dufry AG............................................... 6,189 909,178 Edmond de Rothschild Suisse SA......................... 1 15,241 EFG International AG................................... 14,116 152,328 Emmi AG................................................ 617 201,491 EMS-Chemie Holding AG.................................. 886 342,266 Energiedienst Holding AG............................... 1,334 40,606 Feintool International Holding AG...................... 262 24,928 1528 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Flughafen Zuerich AG................................... 1,373 $ 934,755 Forbo Holding AG....................................... 467 451,549 Galenica AG............................................ 942 756,964 GAM Holding AG......................................... 37,421 661,310 Gategroup Holding AG................................... 8,749 242,828 Geberit AG............................................. 3,490 1,192,338 Georg Fischer AG....................................... 1,452 870,722 Givaudan SA............................................ 993 1,810,065 Gurit Holding AG....................................... 219 78,379 Helvetia Holding AG.................................... 1,849 943,159 Holcim, Ltd............................................ 26,622 1,861,220 Huber & Suhner AG...................................... 627 27,912 Implenia AG............................................ 3,191 174,535 Inficon Holding AG..................................... 484 162,322 Interroll Holding AG................................... 153 78,045 Intershop Holdings AG.................................. 281 113,186 Julius Baer Group, Ltd................................. 34,129 1,388,509 Kaba Holding AG Class B................................ 937 470,940 Kardex AG.............................................. 2,423 115,898 Komax Holding AG....................................... 1,805 271,732 Kudelski SA............................................ 18,111 207,455 Kuehne + Nagel International AG........................ 2,593 356,938 Kuoni Reisen Holding AG................................ 1,062 356,510 LEM Holding SA......................................... 68 52,243 Liechtensteinische Landesbank AG....................... 270 11,439 * LifeWatch AG........................................... 1,086 15,474 Logitech International SA(B18ZRK2)..................... 30,755 452,229 Logitech International SA(H50430232)................... 9,799 143,163 Lonza Group AG......................................... 14,498 1,717,088 Luzerner Kantonalbank AG............................... 753 287,912 Metall Zug AG.......................................... 47 114,766 #* Meyer Burger Technology AG............................. 22,889 141,991 Micronas Semiconductor Holding AG...................... 10,500 62,738 * Mobilezone Holding AG.................................. 4,831 57,842 Mobimo Holding AG...................................... 1,695 391,484 * Myriad Group AG........................................ 8,397 36,141 Nestle SA.............................................. 200,781 15,333,838 Novartis AG............................................ 9,303 906,603 Novartis AG ADR........................................ 117,451 11,439,727 OC Oerlikon Corp. AG................................... 24,094 274,060 * Orascom Development Holding AG......................... 761 13,088 * Orell Fuessli Holding AG............................... 152 13,991 Orior AG............................................... 1,175 68,464 Panalpina Welttransport Holding AG..................... 1,841 225,427 Partners Group Holding AG.............................. 2,070 553,974 Phoenix Mecano AG...................................... 139 62,401 PSP Swiss Property AG.................................. 2,990 308,635 Rieter Holding AG...................................... 1,248 181,010 Roche Holding AG(7108918).............................. 599 164,319 Roche Holding AG(7110388).............................. 19,398 5,228,098 Romande Energie Holding SA............................. 49 51,722 Schaffner Holding AG................................... 177 49,637 Schindler Holding AG................................... 1,376 200,367 1529 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) * Schmolz + Bickenbach AG................................ 183,032 $ 163,096 Schweiter Technologies AG.............................. 307 235,473 SGS SA................................................. 275 521,646 Siegfried Holding AG................................... 1,307 217,758 Sika AG................................................ 436 1,497,442 Sonova Holding AG...................................... 1,621 212,962 St Galler Kantonalbank AG.............................. 653 247,979 Straumann Holding AG................................... 556 125,589 Sulzer AG.............................................. 5,816 615,799 Swatch Group AG (The)(7184725)......................... 3,316 1,318,820 Swatch Group AG (The)(7184736)......................... 6,298 462,980 Swiss Life Holding AG.................................. 8,107 1,809,105 Swiss Re AG............................................ 31,724 2,861,739 Swisscom AG............................................ 1,386 812,637 Swissquote Group Holding SA............................ 2,565 66,763 Syngenta AG............................................ 6,120 1,993,490 Syngenta AG ADR........................................ 13,102 852,678 Tamedia AG............................................. 430 58,935 Tecan Group AG......................................... 1,906 192,340 Temenos Group AG....................................... 14,082 428,613 * Tornos Holding AG...................................... 1,468 6,697 U-Blox AG.............................................. 1,839 262,939 UBS Group AG(BRJL176).................................. 59,331 994,450 * UBS Group AG(H42097107)................................ 159,324 2,657,524 Valiant Holding AG..................................... 1,958 159,781 Valora Holding AG...................................... 970 234,691 Vetropack Holding AG................................... 57 82,729 * Von Roll Holding AG.................................... 14,867 21,044 Vontobel Holding AG.................................... 6,359 212,570 VP Bank AG............................................. 851 68,668 * Walter Meier AG........................................ 480 22,049 Ypsomed Holding AG..................................... 537 48,806 Zehnder Group AG....................................... 3,118 135,952 * Zueblin Immobilien Holding AG.......................... 4,474 5,550 Zug Estates Holding AG................................. 36 50,330 Zuger Kantonalbank AG.................................. 25 121,171 Zurich Insurance Group AG.............................. 9,956 3,301,192 ----------- TOTAL SWITZERLAND.......................................... 98,413,057 ----------- TAIWAN -- (3.8%) # A-DATA Technology Co., Ltd............................. 69,503 119,600 Ability Enterprise Co., Ltd............................ 189,530 112,511 # AcBel Polytech, Inc.................................... 108,540 123,483 Accton Technology Corp................................. 197,929 97,546 #* Acer, Inc.............................................. 703,521 456,433 ACES Electronic Co., Ltd............................... 15,000 19,733 ACHEM Technology Corp.................................. 82,579 48,997 #* Acme Electronics Corp.................................. 19,000 19,460 Acter Co., Ltd......................................... 10,000 25,286 * Action Electronics Co., Ltd............................ 61,921 13,244 Actron Technology Corp................................. 15,000 53,441 # Adlink Technology, Inc................................. 18,190 44,499 Advanced Ceramic X Corp................................ 8,000 38,699 1530 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) * Advanced Connectek, Inc............................... 40,000 $ 15,444 Advanced Semiconductor Engineering, Inc............... 509,644 639,970 # Advanced Semiconductor Engineering, Inc. ADR.......... 36,804 243,274 #* Advanced Wireless Semiconductor Co.................... 71,000 105,481 Advancetek Enterprise Co., Ltd........................ 36,000 26,860 # Advantech Co., Ltd.................................... 31,443 234,781 #* AGV Products Corp..................................... 236,969 59,671 Airtac International Group............................ 10,000 86,824 ALI Corp.............................................. 79,000 62,541 Allis Electric Co., Ltd............................... 8,000 2,361 Alpha Networks, Inc................................... 128,000 70,886 Altek Corp............................................ 104,648 123,316 Ambassador Hotel (The)................................ 55,000 49,029 AMPOC Far-East Co., Ltd............................... 24,000 22,072 # AmTRAN Technology Co., Ltd............................ 314,823 178,731 Anpec Electronics Corp................................ 26,402 26,912 Apacer Technology, Inc................................ 25,450 26,131 APCB, Inc............................................. 39,000 29,408 Apex Biotechnology Corp............................... 31,226 52,611 Apex International Co., Ltd........................... 22,000 31,173 Apex Medical Corp..................................... 7,000 12,834 Arcadyan Technology Corp.............................. 28,674 38,730 Ardentec Corp......................................... 138,138 117,318 * Arima Communications Corp............................. 58,708 23,899 # Asia Cement Corp...................................... 256,029 308,673 * Asia Optical Co., Inc................................. 90,000 121,095 Asia Plastic Recycling Holding, Ltd................... 22,807 26,731 Asia Polymer Corp..................................... 99,000 73,033 Asia Vital Components Co., Ltd........................ 82,053 62,324 ASROCK, Inc........................................... 6,000 13,785 Asustek Computer, Inc................................. 79,502 830,924 Aten International Co., Ltd........................... 35,000 92,183 AU Optronics Corp..................................... 2,271,980 1,235,251 AU Optronics Corp. Sponsored ADR...................... 21,622 121,083 Audix Corp............................................ 47,200 65,733 Aurora Corp........................................... 33,000 55,976 AV Tech Corp.......................................... 12,000 19,268 Avermedia Technologies................................ 35,000 12,114 Bank of Kaohsiung Co., Ltd............................ 58,228 16,637 BenQ Materials Corp................................... 32,000 32,795 # BES Engineering Corp.................................. 541,000 129,466 Bizlink Holding, Inc.................................. 31,172 102,741 Boardtek Electronics Corp............................. 47,000 65,027 C Sun Manufacturing, Ltd.............................. 26,000 18,723 Capital Securities Corp............................... 99,000 32,283 # Career Technology MFG. Co., Ltd....................... 96,000 101,360 Carnival Industrial Corp.............................. 28,000 6,992 Catcher Technology Co., Ltd........................... 59,360 519,078 Cathay Financial Holding Co., Ltd..................... 406,692 582,395 Cathay Real Estate Development Co., Ltd............... 309,000 164,289 Central Reinsurance Co., Ltd.......................... 28,560 14,974 Champion Building Materials Co., Ltd.................. 74,526 22,309 Chang Hwa Commercial Bank, Ltd........................ 637,474 359,701 1531 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Chang Wah Electromaterials, Inc......................... 8,682 $ 20,177 Channel Well Technology Co., Ltd........................ 31,000 19,794 Charoen Pokphand Enterprise............................. 67,200 58,264 # Chaun-Choung Technology Corp............................ 25,000 70,915 CHC Resources Corp...................................... 22,000 49,783 Chen Full International Co., Ltd........................ 17,000 18,781 Chenbro Micom Co., Ltd.................................. 14,000 24,497 Cheng Loong Corp........................................ 244,360 99,110 Cheng Shin Rubber Industry Co., Ltd..................... 137,341 331,051 Cheng Uei Precision Industry Co., Ltd................... 138,051 243,521 Chia Chang Co., Ltd..................................... 24,000 23,527 Chicony Electronics Co., Ltd............................ 68,358 187,578 Chien Kuo Construction Co., Ltd......................... 75,250 27,227 Chilisin Electronics Corp............................... 16,560 22,183 Chimei Materials Technology Corp........................ 65,100 65,742 # Chin-Poon Industrial Co., Ltd........................... 126,126 213,675 * China Airlines, Ltd..................................... 895,019 452,874 China Chemical & Pharmaceutical Co., Ltd................ 99,000 63,957 # China Development Financial Holding Corp................ 1,730,412 568,247 China Ecotek Corp....................................... 11,000 23,547 * China Electric Manufacturing Corp....................... 73,000 24,651 China General Plastics Corp............................. 129,396 61,477 China Glaze Co., Ltd.................................... 29,599 13,286 China Life Insurance Co., Ltd........................... 490,218 410,895 China Metal Products.................................... 104,290 105,547 #* China Petrochemical Development Corp.................... 792,031 296,019 China Steel Chemical Corp............................... 27,000 130,552 # China Steel Corp........................................ 692,881 587,002 China Steel Structure Co., Ltd.......................... 24,000 20,892 # China Synthetic Rubber Corp............................. 170,224 173,403 * China Wire & Cable Co., Ltd............................. 61,000 22,561 Chinese Maritime Transport, Ltd......................... 41,000 43,704 # Chipbond Technology Corp................................ 155,000 316,826 Chong Hong Construction Co., Ltd........................ 64,706 132,502 # Chroma ATE, Inc......................................... 65,560 163,404 Chun Yuan Steel......................................... 160,570 58,589 Chung Hsin Electric & Machinery Manufacturing Corp...... 126,000 80,619 * Chung Hung Steel Corp................................... 221,212 50,694 #* Chung Hwa Pulp Corp..................................... 161,470 44,899 Chunghwa Chemical Synthesis & Biotech Co., Ltd.......... 11,000 11,400 * Chunghwa Picture Tubes, Ltd............................. 951,656 48,074 Chunghwa Telecom Co., Ltd............................... 74,727 225,827 # Chunghwa Telecom Co., Ltd. ADR.......................... 3,011 90,450 Cleanaway Co., Ltd...................................... 9,000 44,011 Clevo Co................................................ 84,401 127,715 #* CMC Magnetics Corp...................................... 1,081,000 151,878 Collins Co., Ltd........................................ 54,802 24,646 Compal Electronics, Inc................................. 1,063,747 775,698 Compeq Manufacturing Co., Ltd........................... 335,000 190,981 * Concord Securities Corp................................. 162,000 41,490 Continental Holdings Corp............................... 130,200 46,998 Coretronic Corp......................................... 186,750 263,528 Coxon Precise Industrial Co., Ltd....................... 27,000 56,444 1532 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) CSBC Corp. Taiwan....................................... 45,740 $ 23,978 CTBC Financial Holding Co., Ltd......................... 817,292 518,453 CTCI Corp............................................... 134,444 212,446 Cub Elecparts, Inc...................................... 4,589 47,024 CviLux Corp............................................. 15,000 24,820 Cyberlink Corp.......................................... 23,535 68,267 CyberTAN Technology, Inc................................ 42,424 32,125 # D-Link Corp............................................. 214,263 120,091 DA CIN Construction Co., Ltd............................ 36,000 22,784 Dafeng TV, Ltd.......................................... 8,200 13,728 #* Danen Technology Corp................................... 65,000 21,477 Darfon Electronics Corp................................. 51,000 28,654 * Darwin Precisions Corp.................................. 82,000 38,565 #* Delpha Construction Co., Ltd............................ 53,321 26,855 Delta Electronics, Inc.................................. 45,320 276,810 # Depo Auto Parts Ind Co., Ltd............................ 32,000 122,264 Dynacolor, Inc.......................................... 17,000 37,673 * Dynamic Electronics Co., Ltd............................ 68,183 31,027 Dynapack International Technology Corp.................. 27,000 61,468 #* E Ink Holdings, Inc..................................... 277,000 124,380 E-Lead Electronic Co., Ltd.............................. 21,000 49,183 E-Life Mall Corp........................................ 18,000 34,638 #* E-Ton Solar Tech Co., Ltd............................... 60,022 29,899 E.Sun Financial Holding Co., Ltd........................ 1,133,400 697,235 Eastern Media International Corp........................ 136,330 45,448 Eclat Textile Co., Ltd.................................. 34,640 358,609 Edimax Technology Co., Ltd.............................. 52,313 20,867 # eGalax_eMPIA Technology, Inc............................ 21,420 43,204 Elan Microelectronics Corp.............................. 118,000 184,527 Elite Advanced Laser Corp............................... 29,000 93,060 Elite Material Co., Ltd................................. 84,162 113,388 Elite Semiconductor Memory Technology, Inc.............. 70,000 108,299 Elitegroup Computer Systems Co., Ltd.................... 127,087 109,637 # eMemory Technology, Inc................................. 13,000 134,805 ENG Electric Co., Ltd................................... 50,000 30,712 EnTie Commercial Bank Co., Ltd.......................... 112,000 52,382 * Entire Technology Co., Ltd.............................. 28,000 19,765 * Episil Holdings, Inc.................................... 65,500 31,591 # Epistar Corp............................................ 278,743 493,816 Eternal Materials Co., Ltd.............................. 187,604 184,307 #* Etron Technology, Inc................................... 155,000 94,153 * Eva Airways Corp........................................ 438,699 338,368 Everest Textile Co., Ltd................................ 22,000 10,514 Evergreen International Storage & Transport Corp........ 209,000 121,500 * Evergreen Marine Corp. Taiwan, Ltd...................... 441,399 314,496 # Everlight Chemical Industrial Corp...................... 104,450 86,694 Everlight Electronics Co., Ltd.......................... 105,225 252,407 Excelsior Medical Co., Ltd.............................. 19,172 30,810 Far Eastern Department Stores, Ltd...................... 250,249 213,510 Far Eastern International Bank.......................... 95,000 31,783 Far Eastern New Century Corp............................ 388,849 391,363 Far EasTone Telecommunications Co., Ltd................. 116,000 283,401 Faraday Technology Corp................................. 69,395 84,287 1533 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) Farglory Land Development Co., Ltd........................ 89,575 $104,617 Federal Corp.............................................. 167,650 99,119 Feng Hsin Iron & Steel Co................................. 122,000 149,218 Feng TAY Enterprise Co., Ltd.............................. 38,968 145,759 First Copper Technology Co., Ltd.......................... 49,000 15,147 First Financial Holding Co., Ltd.......................... 909,125 529,618 First Hotel............................................... 52,042 33,215 First Insurance Co, Ltd. (The)............................ 35,000 17,412 * First Steamship Co., Ltd.................................. 83,509 46,098 FLEXium Interconnect, Inc................................. 56,742 134,719 # Flytech Technology Co., Ltd............................... 17,447 62,115 # FocalTech Systems Co., Ltd................................ 15,000 17,181 Formosa Advanced Technologies Co., Ltd.................... 24,000 16,386 Formosa Chemicals & Fibre Corp............................ 161,821 346,273 Formosa International Hotels Corp......................... 4,840 48,889 #* Formosa Laboratories, Inc................................. 12,191 26,515 Formosa Optical Technology Co., Ltd....................... 9,000 24,301 Formosa Petrochemical Corp................................ 41,000 87,346 # Formosa Plastics Corp..................................... 131,927 318,371 Formosan Rubber Group, Inc................................ 158,000 161,231 Formosan Union Chemical................................... 67,167 25,927 Founding Construction & Development Co., Ltd.............. 40,619 26,131 # Foxconn Technology Co., Ltd............................... 174,627 472,828 Foxlink Image Technology Co., Ltd......................... 30,000 18,415 Fubon Financial Holding Co., Ltd.......................... 521,019 825,601 Fullerton Technology Co., Ltd............................. 19,000 15,552 Fulltech Fiber Glass Corp................................. 120,965 45,545 Fwusow Industry Co., Ltd.................................. 68,394 32,130 G Shank Enterprise Co., Ltd............................... 65,593 54,046 #* G Tech Optoelectronics Corp............................... 45,000 40,989 Gamania Digital Entertainment Co., Ltd.................... 43,000 52,179 Gemtek Technology Corp.................................... 98,348 71,685 #* Genesis Photonics, Inc.................................... 79,059 39,232 #* Genius Electronic Optical Co., Ltd........................ 17,000 58,918 GeoVision, Inc............................................ 4,840 17,899 Getac Technology Corp..................................... 95,000 57,681 Giant Manufacturing Co., Ltd.............................. 18,760 163,737 Gigabyte Technology Co., Ltd.............................. 11,000 13,521 Gigasolar Materials Corp.................................. 3,600 54,786 #* Gigastorage Corp.......................................... 91,450 73,837 Ginko International Co., Ltd.............................. 7,000 68,702 #* Gintech Energy Corp....................................... 130,394 88,012 Global Lighting Technologies, Inc......................... 13,000 18,669 Global Mixed Mode Technology, Inc......................... 12,000 34,790 Global Unichip Corp....................................... 19,000 52,748 * Globalwafers Co., Ltd..................................... 8,744 25,527 Globe Union Industrial Corp............................... 44,075 21,540 Gloria Material Technology Corp........................... 150,150 105,897 * Gold Circuit Electronics, Ltd............................. 93,000 64,799 * Goldsun Development & Construction Co., Ltd............... 428,624 146,259 Gourmet Master Co., Ltd................................... 11,000 59,822 Grand Pacific Petrochemical............................... 285,000 155,850 Grape King Bio, Ltd....................................... 14,000 57,491 1534 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Great China Metal Industry............................ 26,000 $ 25,422 Great Taipei Gas Co., Ltd............................. 41,000 30,078 Great Wall Enterprise Co., Ltd........................ 178,427 157,539 Greatek Electronics, Inc.............................. 12,000 14,448 #* Green Energy Technology, Inc.......................... 62,581 36,272 * GTM Holdings Corp..................................... 27,000 16,919 * Hannstar Board Corp................................... 76,096 38,509 # HannStar Display Corp................................. 1,058,135 260,499 * HannsTouch Solution, Inc.............................. 287,026 68,206 Harvatek Corp......................................... 22,663 12,922 Hey Song Corp......................................... 83,500 100,632 Highwealth Construction Corp.......................... 112,676 228,387 Hiroca Holdings, Ltd.................................. 12,795 37,406 Hitron Technology, Inc................................ 42,000 21,359 # Hiwin Technologies Corp............................... 19,758 162,552 #* Ho Tung Chemical Corp................................. 263,955 89,798 Hocheng Corp.......................................... 66,000 21,291 Holiday Entertainment Co., Ltd........................ 12,000 14,795 Holtek Semiconductor, Inc............................. 45,000 81,808 Holy Stone Enterprise Co., Ltd........................ 84,878 114,246 Hon Hai Precision Industry Co., Ltd................... 1,013,397 2,780,753 Hon Hai Precision Industry Co., Ltd. GDR.............. 42,416 231,290 Hong TAI Electric Industrial.......................... 72,000 24,133 Horizon Securities Co., Ltd........................... 142,000 40,753 Hota Industrial Manufacturing Co., Ltd................ 21,665 38,770 Hotai Motor Co., Ltd.................................. 28,000 402,329 Hsin Kuang Steel Co., Ltd............................. 51,000 28,538 Hsin Yung Chien Co., Ltd.............................. 8,800 29,992 * HTC Corp.............................................. 78,522 389,282 # Hu Lane Associate, Inc................................ 27,431 99,954 HUA ENG Wire & Cable.................................. 39,000 12,326 Hua Nan Financial Holdings Co., Ltd................... 799,271 444,309 # Huaku Development Co., Ltd............................ 75,540 138,209 Huang Hsiang Construction Corp........................ 25,000 35,925 Hung Poo Real Estate Development Corp................. 73,695 54,958 # Hung Sheng Construction, Ltd.......................... 137,500 84,466 Hwa Fong Rubber Co., Ltd.............................. 95,397 64,303 I-Chiun Precision Industry Co., Ltd................... 61,000 36,624 I-Sheng Electric Wire & Cable Co., Ltd................ 25,000 34,186 Ibase Technology, Inc................................. 28,583 48,131 # Ichia Technologies, Inc............................... 102,000 107,843 # IEI Integration Corp.................................. 47,302 74,227 Infortrend Technology, Inc............................ 60,320 34,155 # Innolux Corp.......................................... 2,120,685 1,021,668 #* Inotera Memories, Inc................................. 452,634 647,167 # Inventec Corp......................................... 553,945 409,144 ITE Technology, Inc................................... 53,193 63,049 ITEQ Corp............................................. 79,835 65,862 * J Touch Corp.......................................... 19,000 11,539 Jentech Precision Industrial Co., Ltd................. 23,000 54,822 Jess-Link Products Co., Ltd........................... 25,000 26,443 Jih Sun Financial Holdings Co., Ltd................... 367,519 96,870 Johnson Health Tech Co., Ltd.......................... 17,870 44,831 1535 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) K Laser Technology, Inc................................. 36,000 $ 18,698 * Kao Hsing Chang Iron & Steel............................ 44,850 15,839 # Kaori Heat Treatment Co., Ltd........................... 13,770 26,106 Kaulin Manufacturing Co., Ltd........................... 16,000 11,671 KD Holding Corp......................................... 7,000 36,364 KEE TAI Properties Co., Ltd............................. 114,790 70,945 # Kenda Rubber Industrial Co., Ltd........................ 152,030 307,611 Kenmec Mechanical Engineering Co., Ltd.................. 68,000 32,350 Kerry TJ Logistics Co., Ltd............................. 38,000 47,971 # Kindom Construction Corp................................ 76,000 67,574 King Slide Works Co., Ltd............................... 9,000 129,699 King Yuan Electronics Co., Ltd.......................... 419,545 350,490 King's Town Bank Co., Ltd............................... 212,000 223,739 Kinik Co................................................ 26,000 51,925 Kinko Optical Co., Ltd.................................. 62,000 46,688 * Kinpo Electronics....................................... 430,000 200,898 Kinsus Interconnect Technology Corp..................... 50,000 160,240 KMC Kuei Meng International, Inc........................ 4,000 16,408 KS Terminals, Inc....................................... 15,162 19,150 Kung Long Batteries Industrial Co., Ltd................. 26,000 76,497 Kung Sing Engineering Corp.............................. 91,000 34,618 Kuo Toong International Co., Ltd........................ 40,000 63,663 Kuoyang Construction Co., Ltd........................... 147,387 63,574 Kwong Fong Industries Corp.............................. 53,200 30,178 KYE Systems Corp........................................ 69,993 26,295 LAN FA Textile.......................................... 28,922 8,897 Largan Precision Co., Ltd............................... 5,000 415,788 # LCY Chemical Corp....................................... 95,286 49,946 # Leader Electronics, Inc................................. 40,000 14,804 * Lealea Enterprise Co., Ltd.............................. 216,933 64,623 LEE CHI Enterprises Co., Ltd............................ 96,000 45,590 Lelon Electronics Corp.................................. 35,000 43,209 Lextar Electronics Corp................................. 93,500 88,777 * Li Peng Enterprise Co., Ltd............................. 145,301 53,222 Lian HWA Food Corp...................................... 8,467 8,133 Lien Hwa Industrial Corp................................ 217,284 142,419 # Lingsen Precision Industries, Ltd....................... 142,000 69,810 Lite-On Semiconductor Corp.............................. 69,448 49,294 Lite-On Technology Corp................................. 406,696 501,262 # Long Bon International Co., Ltd......................... 155,000 113,914 Long Chen Paper Co., Ltd................................ 201,314 87,794 Longwell Co............................................. 23,000 25,266 Lotes Co., Ltd.......................................... 16,000 69,843 Lumax International Corp., Ltd.......................... 26,705 54,432 Lung Yen Life Service Corp.............................. 20,000 53,417 Macroblock, Inc......................................... 4,000 8,612 #* Macronix International.................................. 1,284,909 278,292 * MacroWell OMG Digital Entertainment Co., Ltd............ 6,000 15,303 # Makalot Industrial Co., Ltd............................. 30,463 170,475 # Masterlink Securities Corp.............................. 325,952 106,158 Mayer Steel Pipe Corp................................... 29,700 13,641 Maywufa Co., Ltd........................................ 49,000 23,004 MediaTek, Inc........................................... 29,048 441,682 1536 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) Mega Financial Holding Co., Ltd......................... 672,748 $ 513,336 Mercuries & Associates Holding, Ltd..................... 88,322 57,503 * Mercuries Life Insurance Co., Ltd....................... 111,578 60,903 Merida Industry Co., Ltd................................ 20,790 143,605 # Merry Electronics Co., Ltd.............................. 54,734 181,122 Micro-Star International Co., Ltd....................... 263,394 293,414 #* Microbio Co., Ltd....................................... 52,881 45,237 #* Microelectronics Technology, Inc........................ 87,213 38,567 Microlife Corp.......................................... 9,000 20,446 # MIN AIK Technology Co., Ltd............................. 17,000 79,404 Mirle Automation Corp................................... 46,505 42,367 # Mitac Holdings Corp..................................... 145,520 110,494 # Motech Industries, Inc.................................. 99,000 132,449 MPI Corp................................................ 21,000 71,576 Nak Sealing Technologies Corp........................... 10,000 31,441 Namchow Chemical Industrial Co., Ltd.................... 36,000 65,387 Nan Kang Rubber Tire Co., Ltd........................... 91,183 95,649 Nan Ren Lake Leisure Amusement Co., Ltd................. 50,000 20,386 Nan Ya Plastics Corp.................................... 199,187 400,214 * Nan Ya Printed Circuit Board Corp....................... 67,214 94,437 Nantex Industry Co., Ltd................................ 43,102 22,379 National Petroleum Co., Ltd............................. 67,000 76,681 # Neo Solar Power Corp.................................... 206,669 178,014 # Netronix, Inc........................................... 38,000 54,782 New Era Electronics Co., Ltd............................ 16,000 17,553 Newmax Technology Co., Ltd.............................. 12,523 15,256 # Nexcom International Co., Ltd........................... 23,000 38,586 Nichidenbo Corp......................................... 23,520 18,985 Nien Hsing Textile Co., Ltd............................. 96,271 78,893 Novatek Microelectronics Corp........................... 74,000 407,038 Nuvoton Technology Corp................................. 19,000 17,042 * Ocean Plastics Co., Ltd................................. 29,000 31,319 # OptoTech Corp........................................... 184,000 77,473 * Orient Semiconductor Electronics, Ltd................... 103,000 45,111 # Oriental Union Chemical Corp............................ 146,992 134,015 Pacific Hospital Supply Co., Ltd........................ 24,000 52,083 * Pan Jit International, Inc.............................. 158,940 71,052 Parade Technologies, Ltd................................ 6,000 59,726 Paragon Technologies Co., Ltd........................... 7,423 11,760 PChome Online, Inc...................................... 11,611 129,921 Pegatron Corp........................................... 408,261 1,085,599 * PharmaEngine, Inc....................................... 6,000 50,270 Phihong Technology Co., Ltd............................. 136,000 74,619 Phison Electronics Corp................................. 39,000 276,476 Phoenix Tours International, Inc........................ 7,000 9,114 #* Phytohealth Corp........................................ 30,000 32,537 #* Pihsiang Machinery Manufacturing Co., Ltd............... 29,000 62,436 # Pixart Imaging, Inc..................................... 28,000 78,381 Polytronics Technology Corp............................. 8,000 17,066 Portwell, Inc........................................... 18,000 32,955 Posiflex Technology, Inc................................ 8,040 37,082 # Pou Chen Corp........................................... 416,528 570,434 #* Power Quotient International Co., Ltd................... 50,000 24,751 1537 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Powertech Technology, Inc............................... 208,900 $345,596 Poya International Co., Ltd............................. 9,160 76,573 President Chain Store Corp.............................. 25,768 198,086 President Securities Corp............................... 169,422 86,448 Prime Electronics Satellitics, Inc...................... 29,400 12,732 Promate Electronic Co., Ltd............................. 59,000 67,738 # Promise Technology, Inc................................. 34,874 40,519 #* Qisda Corp.............................................. 618,875 278,408 Quanta Computer, Inc.................................... 97,007 236,405 * Quintain Steel Co., Ltd................................. 73,000 14,084 Radiant Opto-Electronics Corp........................... 67,782 214,430 Radium Life Tech Co., Ltd............................... 199,442 103,204 Ralec Electronic Corp................................... 8,000 14,663 Realtek Semiconductor Corp.............................. 77,098 233,762 Rechi Precision Co., Ltd................................ 75,185 75,331 # Rich Development Co., Ltd............................... 222,814 94,254 Richtek Technology Corp................................. 38,000 192,586 #* Ritek Corp.............................................. 908,759 106,794 Rotam Global Agrosciences, Ltd.......................... 21,319 34,424 # Ruentex Development Co., Ltd............................ 119,550 179,473 Ruentex Engineering & Construction Co................... 13,000 26,140 # Ruentex Industries, Ltd................................. 105,501 228,709 # Run Long Construction Co., Ltd.......................... 17,000 15,638 San Fang Chemical Industry Co., Ltd..................... 57,167 61,158 San Shing Fastech Corp.................................. 24,150 57,887 #* Sanyang Motor Co., Ltd.................................. 227,900 198,914 SCI Pharmtech, Inc...................................... 9,450 18,573 Scientech Corp.......................................... 8,000 15,942 SDI Corp................................................ 19,000 24,758 Senao International Co., Ltd............................ 13,000 21,059 Sercomm Corp............................................ 61,000 130,020 Sesoda Corp............................................. 40,792 50,304 ShenMao Technology, Inc................................. 14,922 15,606 Shih Her Technologies, Inc.............................. 21,000 38,227 Shih Wei Navigation Co., Ltd............................ 83,100 47,784 Shihlin Electric & Engineering Corp..................... 31,000 38,982 * Shihlin Paper Corp...................................... 16,000 18,803 Shin Kong Financial Holding Co., Ltd.................... 1,886,164 525,805 Shin Zu Shing Co., Ltd.................................. 38,549 85,861 * Shining Building Business Co., Ltd...................... 109,148 62,775 Shinkong Insurance Co., Ltd............................. 75,000 59,140 # Shinkong Synthetic Fibers Corp.......................... 498,799 170,778 Shinkong Textile Co., Ltd............................... 70,000 88,194 # Shuttle, Inc............................................ 166,000 45,898 Sigurd Microelectronics Corp............................ 156,000 148,535 # Siliconware Precision Industries Co., Ltd............... 302,000 509,242 * Silitech Technology Corp................................ 1 -- Simplo Technology Co., Ltd.............................. 44,000 215,912 # Sinbon Electronics Co., Ltd............................. 72,000 102,321 Sincere Navigation Corp................................. 79,125 64,830 Sinmag Equipment Corp................................... 8,480 48,414 # Sino-American Silicon Products, Inc..................... 187,000 293,120 Sinon Corp.............................................. 74,000 39,774 1538 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) # SinoPac Financial Holdings Co., Ltd..................... 1,160,686 $472,362 # Sinphar Pharmaceutical Co., Ltd......................... 27,632 35,733 Sinyi Realty, Inc....................................... 71,129 78,829 Sirtec International Co., Ltd........................... 34,000 71,560 Sitronix Technology Corp................................ 21,000 68,756 Siward Crystal Technology Co., Ltd...................... 48,000 33,983 Solar Applied Materials Technology Co................... 103,000 85,650 #* Solartech Energy Corp................................... 120,296 71,690 # Sonix Technology Co., Ltd............................... 63,000 90,752 Southeast Cement Co., Ltd............................... 33,000 17,190 Sporton International, Inc.............................. 15,402 80,818 St Shine Optical Co., Ltd............................... 9,000 141,528 Standard Chemical & Pharmaceutical Co., Ltd............. 20,330 23,912 Standard Foods Corp..................................... 37,017 79,568 Stark Technology, Inc................................... 41,000 38,493 Sunonwealth Electric Machine Industry Co., Ltd.......... 39,000 25,160 Sunrex Technology Corp.................................. 80,000 50,828 Sunspring Metal Corp.................................... 22,000 42,078 Supreme Electronics Co., Ltd............................ 75,632 38,443 Swancor Ind Co., Ltd.................................... 8,000 37,590 Sweeten Construction Co., Ltd........................... 26,265 15,302 Syncmold Enterprise Corp................................ 43,000 91,317 Synnex Technology International Corp.................... 190,248 273,469 Sysage Technology Co., Ltd.............................. 13,200 14,831 T-Mac Techvest PCB Co., Ltd............................. 42,000 22,885 # TA Chen Stainless Pipe.................................. 191,827 127,747 #* Ta Chong Bank, Ltd...................................... 600,363 201,122 Tah Hsin Industrial Corp................................ 9,900 8,975 Taichung Commercial Bank Co., Ltd....................... 538,531 177,722 TaiDoc Technology Corp.................................. 10,000 37,788 # Taiflex Scientific Co., Ltd............................. 49,000 69,810 Taimide Tech, Inc....................................... 21,000 29,694 # Tainan Enterprises Co., Ltd............................. 48,000 41,918 # Tainan Spinning Co., Ltd................................ 325,150 175,827 Taishin Financial Holding Co., Ltd...................... 1,885,225 772,966 #* Taisun Enterprise Co., Ltd.............................. 47,741 17,973 #* Taita Chemical Co., Ltd................................. 116,424 34,874 Taiwan Acceptance Corp.................................. 38,000 90,683 * Taiwan Business Bank.................................... 822,728 238,813 Taiwan Cement Corp...................................... 508,137 686,042 Taiwan Chinsan Electronic Industrial Co., Ltd........... 14,000 21,170 Taiwan Cogeneration Corp................................ 114,993 90,068 Taiwan Cooperative Financial Holding Co., Ltd........... 745,021 384,240 Taiwan FamilyMart Co., Ltd.............................. 2,000 12,173 # Taiwan Fertilizer Co., Ltd.............................. 194,000 337,994 Taiwan Fire & Marine Insurance Co., Ltd................. 50,040 35,708 Taiwan FU Hsing Industrial Co., Ltd..................... 32,000 35,491 # Taiwan Glass Industry Corp.............................. 195,142 141,824 # Taiwan Hon Chuan Enterprise Co., Ltd.................... 90,492 164,628 Taiwan Hopax Chemicals Manufacturing Co., Ltd........... 29,000 18,547 # Taiwan Land Development Corp............................ 234,664 85,000 * Taiwan Life Insurance Co., Ltd.......................... 100,006 68,385 Taiwan Line Tek Electronic.............................. 10,498 8,022 1539 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) Taiwan Mobile Co., Ltd.................................. 19,800 $ 65,289 Taiwan Navigation Co., Ltd.............................. 34,000 22,536 Taiwan Paiho, Ltd....................................... 80,892 136,759 Taiwan PCB Techvest Co., Ltd............................ 62,800 100,588 #* Taiwan Prosperity Chemical Corp......................... 40,000 30,539 * Taiwan Pulp & Paper Corp................................ 93,280 33,148 Taiwan Sakura Corp...................................... 58,140 40,093 Taiwan Sanyo Electric Co., Ltd.......................... 12,750 12,240 # Taiwan Secom Co., Ltd................................... 22,330 58,052 Taiwan Semiconductor Co., Ltd........................... 108,000 111,920 # Taiwan Semiconductor Manufacturing Co., Ltd............. 454,465 1,998,568 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR................................................... 116,749 2,651,370 Taiwan Sogo Shin Kong SEC............................... 63,630 77,613 # Taiwan Styrene Monomer.................................. 203,833 85,407 Taiwan Surface Mounting Technology Co., Ltd............. 77,064 100,041 # Taiwan TEA Corp......................................... 235,704 131,768 Taiwan Union Technology Corp............................ 43,000 38,809 #* Tatung Co., Ltd......................................... 728,452 203,610 Te Chang Construction Co., Ltd.......................... 31,500 27,411 Teco Electric and Machinery Co., Ltd.................... 422,000 393,942 Test Research, Inc...................................... 47,532 76,739 Test-Rite International Co., Ltd........................ 119,389 79,039 Thinking Electronic Industrial Co., Ltd................. 15,000 21,742 Thye Ming Industrial Co., Ltd........................... 45,850 53,322 # Ton Yi Industrial Corp.................................. 130,200 83,690 Tong Hsing Electronic Industries, Ltd................... 38,000 137,909 # Tong Yang Industry Co., Ltd............................. 136,041 160,062 Tong-Tai Machine & Tool Co., Ltd........................ 51,667 52,251 Topco Scientific Co., Ltd............................... 43,291 78,165 Topoint Technology Co., Ltd............................. 47,494 41,898 Toung Loong Textile Manufacturing....................... 14,000 37,967 # TPK Holding Co., Ltd.................................... 23,000 149,006 Transasia Airways Corp.................................. 40,000 17,556 Transcend Information, Inc.............................. 45,483 144,931 Tripod Technology Corp.................................. 127,970 277,080 Tsann Kuen Enterprise Co., Ltd.......................... 12,913 13,143 TSC Auto ID Technology Co., Ltd......................... 3,000 24,575 TSRC Corp............................................... 112,717 134,070 Ttet Union Corp......................................... 10,000 22,475 TTY Biopharm Co., Ltd................................... 16,267 33,312 Tung Ho Steel Enterprise Corp........................... 279,254 208,134 Tung Thih Electronic Co., Ltd........................... 20,492 76,739 TURVO International Co., Ltd............................ 5,776 17,159 TXC Corp................................................ 118,411 143,105 * TYC Brother Industrial Co., Ltd......................... 67,000 47,561 * Tycoons Group Enterprise................................ 127,354 24,112 * Tyntek Corp.().......................................... 6,231 277 * Tyntek Corp.(6136222)................................... 45,937 18,684 U-Ming Marine Transport Corp............................ 97,000 149,899 Ubright Optronics Corp.................................. 16,000 23,775 # Uni-President Enterprises Corp.......................... 352,835 562,216 Unimicron Technology Corp............................... 396,356 271,439 * Union Bank Of Taiwan.................................... 217,777 72,420 1540 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) * Union Insurance Co., Ltd................................ 5,324 $ 4,211 Unitech Printed Circuit Board Corp...................... 157,629 69,076 United Integrated Services Co., Ltd..................... 69,000 67,100 United Microelectronics Corp............................ 1,748,453 846,676 Unity Opto Technology Co., Ltd.......................... 62,929 58,266 Universal Cement Corp................................... 121,380 103,718 # Unizyx Holding Corp..................................... 190,000 102,892 # UPC Technology Corp..................................... 272,472 101,316 USI Corp................................................ 239,518 134,935 Vanguard International Semiconductor Corp............... 129,000 218,505 Visual Photonics Epitaxy Co., Ltd....................... 49,300 49,955 Vivotek, Inc............................................ 11,560 36,265 #* Wafer Works Corp........................................ 103,998 46,510 Wah Hong Industrial Corp................................ 3,423 3,718 Wah Lee Industrial Corp................................. 41,000 69,870 * Walsin Lihwa Corp....................................... 805,000 248,480 * Walsin Technology Corp.................................. 246,632 95,701 Walton Advanced Engineering, Inc........................ 69,385 30,529 Wan Hai Lines, Ltd...................................... 226,557 240,281 * Ways Technical Corp., Ltd............................... 20,000 18,643 # Wei Chuan Foods Corp.................................... 100,000 80,847 #* Wei Mon Industry Co., Ltd............................... 72,000 20,769 Weikeng Industrial Co., Ltd............................. 86,300 64,162 Well Shin Technology Co., Ltd........................... 15,000 22,870 Win Semiconductors Corp................................. 165,000 173,328 #* Winbond Electronics Corp................................ 869,000 272,472 * Wintek Corp............................................. 312,087 18,123 # Wisdom Marine Lines Co., Ltd............................ 74,146 87,174 Wistron Corp............................................ 664,180 605,526 # Wistron NeWeb Corp...................................... 71,917 154,278 # WPG Holdings, Ltd....................................... 258,301 320,704 * WT Microelectronics Co., Ltd.()......................... 12,382 3,222 WT Microelectronics Co., Ltd.(6290991).................. 104,493 152,557 WUS Printed Circuit Co., Ltd............................ 65,000 30,758 X-Legend Entertainment Co., Ltd......................... 2,500 13,159 # XAC Automation Corp..................................... 33,000 59,459 Xxentria Technology Materials Corp...................... 15,306 43,605 Yageo Corp.............................................. 110,885 198,587 * Yang Ming Marine Transport Corp......................... 349,558 188,234 # YC Co., Ltd............................................. 129,266 64,832 YC INOX Co., Ltd........................................ 86,000 65,908 # YeaShin International Development Co., Ltd.............. 28,768 16,368 Yeong Guan Energy Technology Group Co., Ltd............. 8,107 33,553 YFY, Inc................................................ 24,000 9,892 Yieh Phui Enterprise Co., Ltd........................... 35,000 10,154 Yonyu Plastics Co., Ltd................................. 8,400 9,856 Young Optics, Inc....................................... 9,000 18,920 Youngtek Electronics Corp............................... 37,614 74,882 Yuanta Financial Holding Co., Ltd....................... 1,083,677 519,870 Yulon Motor Co., Ltd.................................... 207,223 302,622 Yung Chi Paint & Varnish Manufacturing Co., Ltd......... 16,000 42,599 Yungshin Construction & Development Co., Ltd............ 20,000 40,423 YungShin Global Holding Corp............................ 39,000 66,464 1541 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- TAIWAN -- (Continued) Yungtay Engineering Co., Ltd......................... 104,000 $ 240,430 Zeng Hsing Industrial Co., Ltd....................... 16,423 82,410 Zenitron Corp........................................ 49,000 26,671 Zhen Ding Technology Holding, Ltd.................... 35,650 99,927 Zig Sheng Industrial Co., Ltd........................ 138,543 39,548 Zinwell Corp......................................... 79,000 79,245 Zippy Technology Corp................................ 12,000 14,890 # ZongTai Real Estate Development Co., Ltd............. 47,153 27,113 ----------- TOTAL TAIWAN............................................. 77,920,886 ----------- THAILAND -- (0.7%) Advanced Info Service PCL............................ 16,300 122,013 Airports of Thailand PCL............................. 55,800 552,374 * AJ Plast PCL......................................... 42,900 11,928 Amata Corp. PCL...................................... 134,300 68,114 Ananda Development PCL............................... 241,100 27,992 AP Thailand PCL...................................... 309,804 60,579 Asia Plus Group Holdings Securities.................. 247,700 33,299 Asian Insulators PCL................................. 74,400 27,505 Bangchak Petroleum PCL (The)......................... 166,300 174,023 Bangkok Aviation Fuel Services PCL................... 35,400 34,610 Bangkok Bank PCL..................................... 30,600 179,505 Bangkok Chain Hospital PCL........................... 245,675 64,177 Bangkok Dusit Medical Services PCL................... 503,000 285,848 Bangkok Expressway PCL............................... 112,000 133,456 Bangkok Life Assurance PCL........................... 78,400 124,558 Bangkokland PCL...................................... 2,553,800 137,326 Banpu PCL(6368348)................................... 136,500 101,343 Banpu PCL(BJFHBT4)................................... 126,000 93,547 BEC World PCL........................................ 66,900 105,266 Berli Jucker PCL..................................... 67,800 83,378 Big C Supercenter PCL................................ 46,100 339,447 Bumrungrad Hospital PCL.............................. 20,000 95,325 Cal-Comp Electronics Thailand PCL.................... 403,000 45,558 Central Pattana PCL.................................. 136,400 186,492 Central Plaza Hotel PCL.............................. 177,700 184,595 CH Karnchang PCL..................................... 156,107 139,509 Charoen Pokphand Foods PCL........................... 253,500 195,566 Christiani & Nielsen Thai............................ 85,000 13,634 CP ALL PCL........................................... 78,500 99,534 Delta Electronics Thailand PCL....................... 155,700 353,215 Diamond Building Products PCL........................ 76,000 12,655 DSG International Thailand PCL....................... 117,660 29,658 Dynasty Ceramic PCL.................................. 318,000 57,809 Eastern Water Resources Development and Management PCL................................................ 230,000 77,299 Electricity Generating PCL........................... 22,000 109,563 Energy Absolute PCL.................................. 45,100 34,448 Erawan Group PCL (The)............................... 152,700 22,767 * Esso Thailand PCL.................................... 495,900 78,029 GFPT PCL............................................. 120,600 57,850 Glow Energy PCL...................................... 46,000 128,246 * Golden Land Property Development PCL................. 70,800 17,522 Grand Canal Land PCL................................. 102,200 10,429 1542 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) * Grande Asset Hotels & Property PCL.................... 122,000 $ 7,977 Hana Microelectronics PCL............................. 59,200 72,802 Hemaraj Land and Development PCL...................... 1,110,400 150,632 Home Product Center PCL............................... 306,716 76,375 Indorama Ventures PCL................................. 147,600 98,310 Intouch Holdings PCL.................................. 37,900 93,505 IRPC PCL.............................................. 2,076,100 216,934 * Italian-Thai Development PCL.......................... 719,854 195,744 Jasmine International PCL............................. 543,900 137,928 Kang Yong Electric PCL................................ 1,400 11,335 Kasikornbank PCL(6364766)............................. 76,200 516,847 Kasikornbank PCL(6888794)............................. 26,900 184,100 KCE Electronics PCL................................... 57,700 83,297 KGI Securities Thailand PCL........................... 120,600 14,076 Khon Kaen Sugar Industry PCL.......................... 100,600 40,265 Kiatnakin Bank PCL.................................... 108,100 133,763 Krung Thai Bank PCL................................... 601,375 417,086 Land & Houses PCL..................................... 212,200 60,619 Lanna Resources PCL................................... 48,450 17,319 Loxley PCL............................................ 278,775 36,625 LPN Development PCL................................... 159,800 102,530 Major Cineplex Group PCL.............................. 122,200 100,807 MBK PCL............................................... 183,000 82,191 MCOT PCL.............................................. 60,600 29,254 Minor International PCL............................... 182,960 202,637 * Polyplex Thailand PCL................................. 4,000 1,295 Precious Shipping PCL................................. 165,000 70,577 Premier Marketing PCL................................. 60,100 17,628 * Property Perfect PCL.................................. 613,500 23,805 Pruksa Real Estate PCL................................ 168,300 165,832 PTT Exploration & Production PCL...................... 93,585 311,664 PTT Global Chemical PCL............................... 110,845 191,346 PTT PCL(6420390)...................................... 100,794 1,065,528 PTT PCL(6420408)...................................... 18,900 199,798 Quality Houses PCL.................................... 770,608 92,294 * Raimon Land PCL....................................... 477,500 30,053 Ratchaburi Electricity Generating Holding PCL(6294249) 49,600 90,926 Ratchaburi Electricity Generating Holding PCL(6362771) 12,000 21,998 * Regional Container Lines PCL.......................... 65,500 19,012 Robinson Department Store PCL......................... 53,100 72,601 * Rojana Industrial Park PCL............................ 149,500 36,998 RS PCL................................................ 136,700 83,532 Samart Corp. PCL...................................... 159,200 198,210 Samart I-Mobile PCL................................... 467,600 47,431 Samart Telcoms PCL.................................... 79,600 62,016 Sansiri PCL........................................... 1,529,733 84,596 SC Asset Corp PCL..................................... 221,700 24,791 Siam Cement PCL (The)................................. 11,400 172,759 Siam City Cement PCL.................................. 13,200 172,612 Siam Commercial Bank PCL (The)(6363172)............... 30,100 165,076 Siam Commercial Bank PCL (The)(6889935)............... 29,000 159,044 Siam Global House PCL................................. 69,008 24,879 Siamgas & Petrochemicals PCL.......................... 130,200 46,145 1543 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- THAILAND -- (Continued) Sino Thai Engineering & Construction PCL............. 67,200 $ 53,895 Sino-Thai Engineering & Construction PCL............. 83,571 67,025 SNC Former PCL....................................... 8,800 4,087 Somboon Advance Technology PCL....................... 37,250 20,372 SPCG PCL............................................. 54,700 47,213 Sri Ayudhya Capital PCL.............................. 6,800 7,739 Sri Trang Agro-Industry PCL(B05BPF7)................. 14,300 5,942 Sri Trang Agro-Industry PCL(B05BPH9)................. 105,300 43,754 Sriracha Construction PCL............................ 44,200 42,539 Srithai Superware PCL................................ 372,000 30,687 STP & I PCL.......................................... 245,200 149,083 Supalai PCL.......................................... 222,900 166,170 * Tata Steel Thailand PCL.............................. 1,030,600 25,505 Thai Agro Energy PCL................................. 9,690 1,137 * Thai Airways International PCL(6364971).............. 60,600 28,328 * Thai Airways International PCL(6888868).............. 216,000 100,972 Thai Oil PCL......................................... 172,100 269,481 * Thai Reinsurance PCL................................. 380,490 38,595 Thai Stanley Electric PCL............................ 9,600 60,128 Thai Union Frozen Products PCL....................... 383,040 255,126 Thai Vegetable Oil PCL............................... 59,100 40,267 Thaicom PCL.......................................... 109,200 130,119 Thanachart Capital PCL............................... 126,800 128,815 * Thoresen Thai Agencies PCL........................... 165,965 87,217 Ticon Industrial Connection PCL...................... 103,950 56,533 Tipco Asphalt PCL.................................... 7,400 18,483 Tisco Financial Group PCL............................ 111,900 158,978 TMB Bank PCL......................................... 1,842,900 174,549 Total Access Communication PCL....................... 114,100 327,693 Toyo-Thai Corp. PCL.................................. 19,363 16,269 TPI Polene PCL....................................... 2,421,000 179,005 * True Corp. PCL(6363923).............................. 737,136 306,296 * True Corp. PCL(6877071).............................. 750,315 311,772 TTW PCL.............................................. 294,200 110,561 Union Mosaic Industry PCL (The)...................... 76,125 14,188 Unique Engineering & Construction PCL................ 97,545 47,089 Univentures PCL...................................... 39,200 11,318 Vanachai Group PCL................................... 37,200 9,263 Vibhavadi Medical Center PCL......................... 143,600 65,372 Vinythai PCL......................................... 124,200 38,706 * Workpoint Entertainment PCL.......................... 55,400 91,826 ----------- TOTAL THAILAND........................................... 15,187,492 ----------- TURKEY -- (0.5%) Adana Cimento Sanayii TAS Class A.................... 20,624 54,396 Adel Kalemcilik Ticaret ve Sanayi A.S................ 485 13,508 * Adese Alisveris Merkezleri Ticaret A.S............... 4,563 16,571 Akbank TAS........................................... 137,568 501,169 Akcansa Cimento A.S.................................. 12,544 88,471 * Akenerji Elektrik Uretim A.S......................... 69,462 34,769 Akfen Holding A.S.................................... 24,783 50,879 Aksa Akrilik Kimya Sanayii A.S....................... 33,706 130,649 Aksigorta A.S........................................ 34,947 35,940 1544 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TURKEY -- (Continued) Alarko Holding A.S........................................ 14,460 $ 25,277 Albaraka Turk Katilim Bankasi A.S......................... 107,822 75,998 * Anadolu Anonim Turk Sigorta Sirketi....................... 54,184 31,170 Anadolu Cam Sanayii A.S................................... 23,357 19,131 * Anadolu Efes Biracilik Ve Malt Sanayii A.S................ 7,085 62,163 Arcelik A.S............................................... 51,966 330,261 Aselsan Elektronik Sanayi Ve Ticaret A.S.................. 28,662 139,049 * Asya Katilim Bankasi A.S.................................. 130,758 33,194 * Bagfas Bandirma Gubre Fabrikalari A.S..................... 4,200 24,718 BIM Birlesik Magazalar A.S................................ 10,657 215,060 Bizim Toptan Satis Magazalari A.S......................... 2,396 17,384 * Bolu Cimento Sanayii A.S.................................. 10,352 25,993 Borusan Mannesmann Boru Sanayi ve Ticaret A.S............. 10,507 30,674 * Boyner Perakende Ve Tekstil Yatirimlari AS................ 1,996 38,779 Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S........... 3,057 13,515 Bursa Cimento Fabrikasi A.S............................... 6,211 14,486 Cimsa Cimento Sanayi VE Ticaret A.S....................... 15,721 110,800 Coca-Cola Icecek A.S...................................... 5,481 110,518 * Deva Holding A.S.......................................... 41,856 42,793 * Dogan Sirketler Grubu Holding A.S......................... 318,668 96,005 Dogus Otomotiv Servis ve Ticaret A.S...................... 31,661 179,863 EGE Seramik Sanayi ve Ticaret A.S......................... 19,423 33,624 Eregli Demir ve Celik Fabrikalari TAS..................... 368,970 661,465 * Fenerbahce Futbol A.S..................................... 1,276 17,838 Ford Otomotiv Sanayi A.S.................................. 9,472 131,364 Gentas Genel Metal Sanayi ve Ticaret A.S.................. 26,437 17,774 * Global Yatirim Holding A.S................................ 67,511 45,968 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S....... 2,317 71,783 Goodyear Lastikleri TAS................................... 1,597 53,109 * GSD Holding............................................... 50,000 30,954 Gubre Fabrikalari TAS..................................... 42,998 97,722 * Hurriyet Gazetecilik A.S.................................. 31,589 10,660 * Ihlas Holding A.S......................................... 197,201 22,511 Is Finansal Kiralama A.S.................................. 29,721 12,483 * Izmir Demir Celik Sanayi A.S.............................. 29,613 32,699 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A................................................. 40,371 39,141 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B................................................. 25,261 28,501 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D................................................. 301,511 246,652 KOC Holding A.S........................................... 30,605 158,693 Koza Altin Isletmeleri A.S................................ 8,332 65,899 Mardin Cimento Sanayii ve Ticaret A.S..................... 20,420 42,074 * Migros Ticaret A.S........................................ 6,594 61,649 * NET Holding A.S........................................... 27,936 44,787 * Netas Telekomunikasyon A.S................................ 11,580 47,900 Nuh Cimento Sanayi A.S.................................... 11,765 51,829 Otokar Otomotiv Ve Savunma Sanayi A.S..................... 1,350 52,743 Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S..... 8,727 14,586 Petkim Petrokimya Holding A.S............................. 48,842 76,147 Pinar Entegre Et ve Un Sanayi A.S......................... 487 1,924 Pinar SUT Mamulleri Sanayii A.S........................... 5,677 51,021 * Sasa Polyester Sanayi A.S................................. 49,109 41,845 * Sekerbank TAS............................................. 136,183 104,823 Selcuk Ecza Deposu Ticaret ve Sanayi A.S.................. 29,696 27,106 1545 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TURKEY -- (Continued) Soda Sanayii A.S........................................ 59,325 $ 126,450 * Tat Gida Sanayi A.S..................................... 14,877 24,495 TAV Havalimanlari Holding A.S........................... 18,112 135,101 * Tekfen Holding A.S...................................... 58,117 136,102 Teknosa Ic Ve Dis Ticaret A.S........................... 3,806 13,997 * Tekstil Bankasi A.S..................................... 35,952 27,436 Tofas Turk Otomobil Fabrikasi A.S....................... 14,097 93,841 Trakya Cam Sanayii A.S.................................. 80,135 117,562 Tupras Turkiye Petrol Rafinerileri A.S.................. 9,392 203,560 Turcas Petrol A.S....................................... 14,616 14,099 * Turk Hava Yollari....................................... 226,248 863,454 Turk Telekomunikasyon A.S............................... 7,248 21,685 Turk Traktor ve Ziraat Makineleri A.S................... 1,005 33,197 * Turkcell Iletisim Hizmetleri A.S........................ 14,852 85,501 * Turkcell Iletisim Hizmetleri A.S. ADR................... 9,157 132,227 Turkiye Garanti Bankasi A.S............................. 146,300 615,160 Turkiye Halk Bankasi A.S................................ 53,476 343,375 Turkiye Is Bankasi...................................... 174,798 506,699 Turkiye Sinai Kalkinma Bankasi A.S...................... 183,157 152,163 Turkiye Sise ve Cam Fabrikalari A.S..................... 161,204 251,637 Turkiye Vakiflar Bankasi Tao............................ 146,962 341,419 Ulker Biskuvi Sanayi A.S................................ 18,064 142,901 Vestel Beyaz Esya Sanayi ve Ticaret A.S................. 14,500 59,464 * Vestel Elektronik Sanayi ve Ticaret A.S................. 29,976 73,356 Yapi ve Kredi Bankasi A.S............................... 76,984 159,146 * Zorlu Enerji Elektrik Uretim A.S........................ 29,476 26,883 ---------- TOTAL TURKEY................................................ 9,661,367 ---------- UNITED KINGDOM -- (14.1%) 4imprint Group P.L.C.................................... 532 7,066 888 Holdings P.L.C...................................... 92,692 196,585 A.G.BARR P.L.C.......................................... 12,390 117,737 Aberdeen Asset Management P.L.C......................... 211,758 1,390,048 Acacia Mining P.L.C..................................... 34,811 147,888 Acal P.L.C.............................................. 3,957 15,328 Admiral Group P.L.C..................................... 24,851 540,620 * Afren P.L.C............................................. 357,576 28,796 * Aga Rangemaster Group P.L.C............................. 23,457 36,289 Aggreko P.L.C........................................... 34,380 801,818 Alent P.L.C............................................. 68,749 377,555 Amec Foster Wheeler P.L.C............................... 74,486 890,573 Amlin P.L.C............................................. 124,854 914,842 Anglo American P.L.C.................................... 139,396 2,328,417 Anglo Pacific Group P.L.C............................... 12,394 15,781 Anglo-Eastern Plantations P.L.C......................... 542 4,675 Anite P.L.C............................................. 42,531 52,239 Antofagasta P.L.C....................................... 77,871 759,253 ARM Holdings P.L.C...................................... 33,625 524,060 ARM Holdings P.L.C. Sponsored ADR....................... 7,813 365,961 # Ashmore Group P.L.C..................................... 113,830 479,035 Ashtead Group P.L.C..................................... 118,226 1,923,834 Associated British Foods P.L.C.......................... 29,728 1,386,431 AstraZeneca P.L.C....................................... 1,641 116,815 1546 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) AstraZeneca P.L.C. Sponsored ADR...................... 53,810 $3,822,662 Aveva Group P.L.C..................................... 9,783 193,315 Aviva P.L.C........................................... 358,509 2,844,369 # Aviva P.L.C. Sponsored ADR............................ 20,234 321,518 Babcock International Group P.L.C..................... 74,472 1,126,125 BAE Systems P.L.C..................................... 284,146 2,163,094 Balfour Beatty P.L.C.................................. 168,670 563,203 Bank of Georgia Holdings P.L.C........................ 6,620 202,101 Barclays P.L.C........................................ 456,978 1,604,919 Barclays P.L.C. Sponsored ADR......................... 112,953 1,585,860 Barratt Developments P.L.C............................ 276,246 1,901,533 BBA Aviation P.L.C.................................... 117,727 600,392 Beazley P.L.C......................................... 171,350 742,388 Bellway P.L.C......................................... 30,947 847,190 Berendsen P.L.C....................................... 69,158 1,157,387 Berkeley Group Holdings P.L.C......................... 27,701 1,009,723 Betfair Group P.L.C................................... 4,999 120,876 BG Group P.L.C........................................ 331,326 4,419,183 BHP Billiton P.L.C.................................... 51,865 1,126,535 # BHP Billiton P.L.C. ADR............................... 75,383 3,293,483 Bloomsbury Publishing P.L.C........................... 5,758 12,861 Bodycote P.L.C........................................ 67,886 694,171 Booker Group P.L.C.................................... 313,919 704,706 Bovis Homes Group P.L.C............................... 34,038 424,915 BP P.L.C.............................................. 1,306 8,390 BP P.L.C. Sponsored ADR............................... 256,564 9,962,380 Braemar Shipping Services P.L.C....................... 660 4,614 Brammer P.L.C......................................... 11,343 58,900 Brewin Dolphin Holdings P.L.C......................... 85,806 377,269 British American Tobacco P.L.C........................ 12,488 704,523 British American Tobacco P.L.C. Sponsored ADR......... 12,311 1,386,834 British Polythene Industries P.L.C.................... 3,700 35,781 Britvic P.L.C......................................... 51,350 543,424 BT Group P.L.C........................................ 112,078 703,138 BT Group P.L.C. Sponsored ADR......................... 17,500 1,098,650 * BTG P.L.C............................................. 50,010 594,178 Bunzl P.L.C........................................... 35,708 1,017,211 Burberry Group P.L.C.................................. 48,041 1,248,079 Bwin.Party Digital Entertainment P.L.C................ 186,065 298,308 Cable & Wireless Communications P.L.C................. 1,034,492 776,689 Cape P.L.C............................................ 40,788 128,165 Capita P.L.C.......................................... 39,768 667,846 Capital & Counties Properties P.L.C................... 14,668 84,768 Capital & Regional P.L.C.............................. 19,615 15,759 Carillion P.L.C....................................... 112,937 580,075 Carnival P.L.C........................................ 14,078 630,288 Carnival P.L.C. ADR................................... 5,490 244,634 * Carpetright P.L.C..................................... 3,533 26,194 Carr's Milling Industries P.L.C....................... 9,590 20,418 Castings P.L.C........................................ 1,976 11,432 Catlin Group, Ltd..................................... 102,735 1,077,490 Centamin P.L.C........................................ 246,447 248,970 Centrica P.L.C........................................ 497,629 2,196,050 1547 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Charles Stanley Group P.L.C............................. 382 $ 1,909 Chemring Group P.L.C.................................... 63,094 205,239 Chesnara P.L.C.......................................... 25,292 133,881 Cineworld Group P.L.C................................... 43,663 278,307 Clarkson P.L.C.......................................... 1,031 29,173 Close Brothers Group P.L.C.............................. 40,038 913,629 Cobham P.L.C............................................ 252,109 1,235,808 Coca-Cola HBC AG........................................ 39,634 637,026 * Colt Group SA........................................... 101,720 202,978 Communisis P.L.C........................................ 17,311 14,329 Compass Group P.L.C..................................... 96,103 1,656,919 Computacenter P.L.C..................................... 22,866 222,265 Connect Group P.L.C..................................... 55,168 117,445 Consort Medical P.L.C................................... 10,213 130,127 Costain Group P.L.C..................................... 10,133 43,805 Cranswick P.L.C......................................... 12,504 246,171 Croda International P.L.C............................... 28,646 1,144,017 CSR P.L.C............................................... 41,647 533,600 Daily Mail & General Trust P.L.C........................ 57,863 749,602 Dairy Crest Group P.L.C................................. 56,090 412,582 Darty P.L.C............................................. 87,142 88,751 DCC P.L.C............................................... 17,423 923,163 De La Rue P.L.C......................................... 19,927 155,028 Debenhams P.L.C......................................... 311,419 351,349 Dechra Pharmaceuticals P.L.C............................ 23,438 305,847 Development Securities P.L.C............................ 16,443 59,749 Devro P.L.C............................................. 53,378 225,914 Diageo P.L.C............................................ 19,831 587,010 Diageo P.L.C. Sponsored ADR............................. 6,738 795,960 Dialight P.L.C.......................................... 7,092 74,903 Dignity P.L.C........................................... 8,348 233,827 Diploma P.L.C........................................... 34,472 395,189 Direct Line Insurance Group P.L.C....................... 81,535 382,371 Dixons Carphone P.L.C................................... 211,750 1,383,800 Domino Printing Sciences P.L.C.......................... 28,870 296,115 Domino's Pizza Group P.L.C.............................. 22,571 228,495 Drax Group P.L.C........................................ 101,341 549,872 DS Smith P.L.C.......................................... 320,694 1,525,279 Dunelm Group P.L.C...................................... 5,566 73,602 E2V Technologies P.L.C.................................. 21,031 59,371 easyJet P.L.C........................................... 35,052 977,353 Electrocomponents P.L.C................................. 167,477 514,600 Elementis P.L.C......................................... 156,661 650,420 * EnQuest P.L.C........................................... 192,443 98,450 * Enterprise Inns P.L.C................................... 84,112 130,589 Essentra P.L.C.......................................... 75,334 937,970 Euromoney Institutional Investor P.L.C.................. 11,864 191,212 Evraz P.L.C............................................. 56,315 144,118 Experian P.L.C.......................................... 61,660 1,086,513 Fenner P.L.C............................................ 54,652 151,763 Ferrexpo P.L.C.......................................... 39,241 29,592 Fidessa Group P.L.C..................................... 6,474 233,517 * Findel P.L.C............................................ 9,252 29,376 1548 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) * Firstgroup P.L.C........................................ 311,608 $ 465,054 * Fortune Oil P.L.C....................................... 131,020 19,366 Fresnillo P.L.C......................................... 19,968 269,718 Friends Life Group, Ltd................................. 326,320 1,951,353 G4S P.L.C............................................... 315,066 1,350,094 Galliford Try P.L.C..................................... 15,650 309,897 * Gem Diamonds, Ltd....................................... 33,740 71,744 Genus P.L.C............................................. 11,662 214,800 GKN P.L.C............................................... 322,582 1,781,566 GlaxoSmithKline P.L.C................................... 15,015 330,611 GlaxoSmithKline P.L.C. Sponsored ADR.................... 56,544 2,487,936 Glencore P.L.C.......................................... 553,539 2,063,915 Go-Ahead Group P.L.C.................................... 8,620 320,074 Grafton Group P.L.C..................................... 54,607 549,571 Greencore Group P.L.C................................... 141,984 658,510 Greene King P.L.C....................................... 60,747 767,520 Greggs P.L.C............................................ 39,363 486,187 Halfords Group P.L.C.................................... 78,372 522,892 Halma P.L.C............................................. 127,876 1,338,046 Hargreaves Lansdown P.L.C............................... 29,987 454,562 Hays P.L.C.............................................. 315,303 734,717 Headlam Group P.L.C..................................... 8,095 54,763 Helical Bar P.L.C....................................... 26,244 150,713 Henderson Group P.L.C................................... 272,410 971,074 Hikma Pharmaceuticals P.L.C............................. 37,256 1,320,136 Hill & Smith Holdings P.L.C............................. 20,724 189,837 Hiscox, Ltd............................................. 75,761 836,823 Hogg Robinson Group P.L.C............................... 5,845 3,977 Home Retail Group P.L.C................................. 221,009 638,377 Homeserve P.L.C......................................... 90,366 457,600 Howden Joinery Group P.L.C.............................. 142,043 906,455 HSBC Holdings P.L.C..................................... 276,035 2,525,501 HSBC Holdings P.L.C. Sponsored ADR...................... 156,520 7,156,094 Hunting P.L.C........................................... 33,518 199,541 Huntsworth P.L.C........................................ 53,480 36,495 ICAP P.L.C.............................................. 181,985 1,277,906 IG Group Holdings P.L.C................................. 117,966 1,279,996 * Imagination Technologies Group P.L.C.................... 39,006 143,681 IMI P.L.C............................................... 34,975 669,735 Imperial Tobacco Group P.L.C............................ 55,627 2,612,743 Inchcape P.L.C.......................................... 129,421 1,351,919 * Indivior P.L.C.......................................... 15,321 40,153 Informa P.L.C........................................... 217,917 1,675,557 Inmarsat P.L.C.......................................... 123,680 1,549,746 Innovation Group P.L.C.................................. 161,760 71,185 InterContinental Hotels Group P.L.C..................... 18,265 728,363 InterContinental Hotels Group P.L.C. ADR................ 12,148 482,989 * International Consolidated Airlines Group SA(B5282K0)... 10,448 85,248 * International Consolidated Airlines Group SA(B5M6XQ7)... 197,808 1,611,380 * International Ferro Metals, Ltd......................... 99,556 6,036 Interserve P.L.C........................................ 37,503 301,231 Intertek Group P.L.C.................................... 16,645 573,271 Investec P.L.C.......................................... 155,047 1,302,743 1549 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) * IP Group P.L.C........................................ 26,845 $ 94,858 ITE Group P.L.C....................................... 20,469 40,259 ITV P.L.C............................................. 517,943 1,714,143 J Sainsbury P.L.C..................................... 253,323 970,736 James Fisher & Sons P.L.C............................. 9,962 165,008 Jardine Lloyd Thompson Group P.L.C.................... 20,103 285,628 JD Sports Fashion P.L.C............................... 20,177 152,360 JD Wetherspoon P.L.C.................................. 33,827 402,627 * JKX Oil & Gas P.L.C................................... 20,803 3,997 John Menzies P.L.C.................................... 16,607 92,941 John Wood Group P.L.C................................. 74,616 640,907 Johnson Matthey P.L.C................................. 30,197 1,477,258 * Johnston Press P.L.C.................................. 238 597 Jupiter Fund Management P.L.C......................... 105,813 601,897 * KAZ Minerals P.L.C.................................... 63,749 192,162 Kcom Group P.L.C...................................... 118,075 146,973 Keller Group P.L.C.................................... 24,830 332,402 Kier Group P.L.C...................................... 11,020 259,416 Kingfisher P.L.C...................................... 287,824 1,480,614 Ladbrokes P.L.C....................................... 266,980 465,131 Laird P.L.C........................................... 74,843 358,797 * Lamprell P.L.C........................................ 62,935 102,760 Lancashire Holdings, Ltd.............................. 42,818 392,657 Laura Ashley Holdings P.L.C........................... 51,893 23,236 Lavendon Group P.L.C.................................. 42,045 100,038 Legal & General Group P.L.C........................... 544,931 2,188,510 * Liberty Global P.L.C. Class A......................... 2,572 120,145 * Liberty Global P.L.C. Series C........................ 6,344 289,243 * Lloyds Banking Group P.L.C............................ 4,166,375 4,615,568 * Lloyds Banking Group P.L.C. ADR....................... 628,895 2,760,849 London Stock Exchange Group P.L.C..................... 45,388 1,611,578 * Lonmin P.L.C.......................................... 119,930 293,721 Lookers P.L.C......................................... 55,804 125,448 Low & Bonar P.L.C..................................... 44,867 34,586 Man Group P.L.C....................................... 400,269 1,077,582 Management Consulting Group P.L.C..................... 25,041 5,668 Marks & Spencer Group P.L.C........................... 181,594 1,320,030 Marshalls P.L.C....................................... 34,860 128,137 Marston's P.L.C....................................... 193,686 427,258 McBride P.L.C......................................... 42,318 51,236 Mears Group P.L.C..................................... 23,736 148,522 * Mecom Group P.L.C..................................... 28,027 64,481 Meggitt P.L.C......................................... 208,734 1,687,382 Melrose Industries P.L.C.............................. 244,567 973,550 Michael Page International P.L.C...................... 56,034 392,098 Micro Focus International P.L.C....................... 25,374 402,057 Millennium & Copthorne Hotels P.L.C................... 40,091 347,684 * Mitchells & Butlers P.L.C............................. 69,621 445,312 Mitie Group P.L.C..................................... 161,786 657,193 Mondi P.L.C........................................... 84,604 1,509,240 Moneysupermarket.com Group P.L.C...................... 91,578 361,516 Morgan Advanced Materials P.L.C....................... 125,068 571,034 Morgan Sindall Group P.L.C............................ 10,734 107,715 1550 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) * Mothercare P.L.C................................... 36,316 $ 97,900 N Brown Group P.L.C................................ 29,289 189,765 National Express Group P.L.C....................... 133,590 512,428 National Grid P.L.C................................ 3,445 48,433 National Grid P.L.C. Sponsored ADR................. 18,118 1,274,420 NCC Group P.L.C.................................... 3,433 11,657 Next P.L.C......................................... 12,985 1,411,055 Northgate P.L.C.................................... 39,666 368,723 Novae Group P.L.C.................................. 3,480 31,401 * Ocado Group P.L.C.................................. 25,424 156,690 Old Mutual P.L.C................................... 604,129 1,884,803 * Optos P.L.C........................................ 4,559 17,253 Oxford Instruments P.L.C........................... 10,980 122,760 Pace P.L.C......................................... 140,555 705,389 PayPoint P.L.C..................................... 4,568 56,963 Pearson P.L.C...................................... 3,121 63,324 Pearson P.L.C. Sponsored ADR....................... 67,350 1,364,511 Pendragon P.L.C.................................... 223,487 119,916 Pennon Group P.L.C................................. 77,208 1,032,051 Persimmon P.L.C.................................... 70,131 1,678,862 * Petra Diamonds, Ltd................................ 87,297 201,282 Petrofac, Ltd...................................... 48,201 510,670 Phoenix Group Holdings............................. 32,968 415,218 Phoenix IT Group P.L.C............................. 2,221 4,708 Photo-Me International P.L.C....................... 46,648 95,241 Playtech P.L.C..................................... 24,181 246,119 Premier Farnell P.L.C.............................. 80,857 205,563 * Premier Foods P.L.C................................ 153,723 100,026 Premier Oil P.L.C.................................. 126,042 273,270 Provident Financial P.L.C.......................... 8,011 317,393 Prudential P.L.C................................... 55,523 1,349,786 Prudential P.L.C. ADR.............................. 23,605 1,145,787 * Punch Taverns P.L.C................................ 7,917 13,046 * PV Crystalox Solar P.L.C........................... 14,968 2,334 PZ Cussons P.L.C................................... 42,888 203,346 QinetiQ Group P.L.C................................ 208,379 585,529 * Quintain Estates & Development P.L.C............... 187,853 272,149 Randgold Resources, Ltd............................ 8,428 723,373 Rank Group P.L.C................................... 8,385 22,162 * Raven Russia, Ltd.................................. 29,564 16,570 Reckitt Benckiser Group P.L.C...................... 15,321 1,296,691 Redrow P.L.C....................................... 69,547 294,986 Reed Elsevier P.L.C................................ 19,573 339,807 Reed Elsevier P.L.C. Sponsored ADR................. 6,110 424,645 Regus P.L.C........................................ 222,522 676,535 Renishaw P.L.C..................................... 9,502 331,140 * Renold P.L.C....................................... 4,231 3,571 Rentokil Initial P.L.C............................. 377,601 687,460 Restaurant Group P.L.C. (The)...................... 43,336 467,595 Rexam P.L.C........................................ 225,845 1,443,211 Ricardo P.L.C...................................... 11,315 113,917 Rightmove P.L.C.................................... 20,854 728,525 Rio Tinto P.L.C.................................... 18,769 824,766 1551 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) # Rio Tinto P.L.C. Sponsored ADR..................... 110,649 $4,882,940 RM P.L.C........................................... 10,751 25,213 Robert Walters P.L.C............................... 18,804 94,822 Rolls-Royce Holdings P.L.C......................... 127,711 1,706,222 Rotork P.L.C....................................... 18,275 631,739 * Royal Bank of Scotland Group P.L.C................. 102,482 556,450 * Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 19,222 208,751 Royal Dutch Shell P.L.C.(B03MM73).................. 149,242 9,549,996 Royal Dutch Shell P.L.C.(B03MLX2).................. 6,989 212,994 Royal Dutch Shell P.L.C.(B03MM40).................. 35,290 1,117,280 Royal Dutch Shell P.L.C. ADR....................... 64,656 3,973,111 Royal Mail P.L.C................................... 1,667 10,896 RPC Group P.L.C.................................... 65,836 535,927 RPS Group P.L.C.................................... 56,373 154,503 * RSA Insurance Group P.L.C.......................... 254,379 1,735,827 SABMiller P.L.C.................................... 24,523 1,335,675 Sage Group P.L.C. (The)............................ 217,428 1,567,407 * Salamander Energy P.L.C............................ 51,404 54,214 Savills P.L.C...................................... 43,166 473,704 Schroders P.L.C.(0239581).......................... 8,691 292,361 Schroders P.L.C.(0240549).......................... 10,666 463,497 * SDL P.L.C.......................................... 13,719 87,434 Senior P.L.C....................................... 141,014 655,115 Sepura P.L.C....................................... 3,814 8,612 Serco Group P.L.C.................................. 42,024 97,368 * Severfield P.L.C................................... 55,690 56,712 Severn Trent P.L.C................................. 27,786 899,565 Shanks Group P.L.C................................. 157,113 232,246 Shire P.L.C.(B39JBM7).............................. 3,900 855,114 Shire P.L.C.(B2QKY05).............................. 16,942 1,236,561 SIG P.L.C.......................................... 150,301 416,831 Sky P.L.C.......................................... 33,203 463,022 Sky P.L.C. Sponsored ADR........................... 4,853 270,797 Smith & Nephew P.L.C............................... 22,900 408,373 Smith & Nephew P.L.C. Sponsored ADR................ 18,108 648,249 Smiths Group P.L.C................................. 66,353 1,122,960 Soco International P.L.C........................... 61,026 239,623 Spectris P.L.C..................................... 41,150 1,293,104 Speedy Hire P.L.C.................................. 108,594 118,712 Spirax-Sarco Engineering P.L.C..................... 14,977 687,434 Spirent Communications P.L.C....................... 63,612 84,931 Spirit Pub Co. P.L.C............................... 223,416 386,666 * Sports Direct International P.L.C.................. 38,350 408,999 SSE P.L.C.......................................... 85,283 2,063,733 St Ives P.L.C...................................... 14,743 39,613 St James's Place P.L.C............................. 125,210 1,610,933 ST Modwen Properties P.L.C......................... 48,926 307,737 Stagecoach Group P.L.C............................. 91,023 468,590 Standard Chartered P.L.C........................... 161,589 2,154,771 Standard Life P.L.C................................ 324,643 1,961,442 Sthree P.L.C....................................... 10,289 52,294 * SuperGroup P.L.C................................... 6,063 87,766 Synergy Health P.L.C............................... 16,889 550,967 1552 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Synthomer P.L.C.................................... 76,550 $ 279,826 TalkTalk Telecom Group P.L.C....................... 111,667 533,324 Tate & Lyle P.L.C.................................. 137,766 1,405,064 Taylor Wimpey P.L.C................................ 741,551 1,506,508 Ted Baker P.L.C.................................... 2,994 106,732 Telecity Group P.L.C............................... 65,135 843,842 Telecom Plus P.L.C................................. 9,064 148,415 Tesco P.L.C........................................ 713,147 2,411,622 * Thomas Cook Group P.L.C............................ 503,623 966,983 * Thorntons P.L.C.................................... 13,142 16,430 Topps Tiles P.L.C.................................. 17,420 31,592 Travis Perkins P.L.C............................... 58,024 1,674,355 Trifast P.L.C...................................... 8,295 13,213 * Trinity Mirror P.L.C............................... 106,660 276,568 TT electronics P.L.C............................... 46,202 76,701 TUI AG(5666292).................................... 63,010 1,108,031 * TUI AG(BSS7HQ3).................................... 41,904 724,566 Tullett Prebon P.L.C............................... 58,399 293,703 Tullow Oil P.L.C................................... 57,288 315,162 UBM P.L.C.......................................... 94,224 748,196 UDG Healthcare P.L.C............................... 68,807 405,830 Ultra Electronics Holdings P.L.C................... 22,474 590,383 Unilever P.L.C..................................... 9,090 400,269 Unilever P.L.C. Sponsored ADR...................... 17,087 751,315 UNITE Group P.L.C. (The)........................... 48,027 353,732 United Utilities Group P.L.C....................... 74,985 1,157,308 United Utilities Group P.L.C. ADR.................. 154 4,757 UTV Media P.L.C.................................... 16,663 47,931 * Vectura Group P.L.C................................ 57,716 131,319 Vedanta Resources P.L.C............................ 30,773 171,960 Vesuvius P.L.C..................................... 67,651 446,674 Victrex P.L.C...................................... 26,350 814,567 Vitec Group P.L.C. (The)........................... 9,130 84,797 Vodafone Group P.L.C............................... 53,925 189,628 Vodafone Group P.L.C. Sponsored ADR................ 137,812 4,841,352 * Volex P.L.C........................................ 1,437 1,429 Weir Group P.L.C. (The)............................ 35,036 883,322 WH Smith P.L.C..................................... 25,517 516,807 Whitbread P.L.C.................................... 31,532 2,366,818 William Hill P.L.C................................. 293,134 1,660,776 Wilmington Group P.L.C............................. 2,776 9,104 * Wincanton P.L.C.................................... 14,780 39,341 WM Morrison Supermarkets P.L.C..................... 701,058 1,891,541 Wolseley P.L.C..................................... 36,508 2,116,189 Wolseley P.L.C. ADR................................ 925 5,329 WPP P.L.C.......................................... 5,574 122,575 WPP P.L.C. Sponsored ADR........................... 17,868 1,967,624 WS Atkins P.L.C.................................... 22,820 430,035 Xaar P.L.C......................................... 4,665 21,646 1553 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------------- UNITED KINGDOM -- (Continued) Xchanging P.L.C.................................... 61,017 $ 143,782 -------------- TOTAL UNITED KINGDOM................................... 285,102,139 -------------- UNITED STATES -- (0.0%) * Chaparral Gold Corp................................ 4,500 2,125 * Endo International P.L.C........................... 1,605 129,277 * Kofax, Ltd......................................... 2,719 18,588 -------------- TOTAL UNITED STATES.................................... 149,990 -------------- TOTAL COMMON STOCKS.................................... 1,964,642,911 -------------- PREFERRED STOCKS -- (0.6%) BRAZIL -- (0.5%) AES Tiete SA....................................... 25,600 158,136 Alpargatas SA...................................... 20,507 65,067 Banco ABC Brasil SA................................ 19,443 82,102 Banco Bradesco SA.................................. 67,766 854,211 Banco Bradesco SA ADR.............................. 138,651 1,730,368 Banco Daycoval SA.................................. 3,700 11,556 Banco do Estado do Rio Grande do Sul SA Class B.... 64,994 296,733 * Banco Industrial e Comercial SA.................... 13,600 27,623 * Banco Pan SA....................................... 66,997 43,000 Braskem SA Class A................................. 14,800 68,694 Centrais Eletricas Brasileiras SA Class B.......... 49,900 114,498 Centrais Eletricas Santa Catarina.................. 2,600 13,241 Cia Brasileira de Distribuicao..................... 2,800 93,373 Cia de Gas de Sao Paulo COMGAS Class A............. 5,100 85,144 Cia de Saneamento do Parana........................ 200 373 Cia de Transmissao de Energia Eletrica Paulista.... 9,749 142,440 Cia Energetica de Minas Gerais..................... 86,553 384,306 Cia Energetica de Sao Paulo Class B................ 23,000 201,390 Cia Energetica do Ceara Class A.................... 2,332 31,121 Cia Ferro Ligas da Bahia - Ferbasa................. 11,500 31,158 Cia Paranaense de Energia.......................... 8,905 103,180 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA......................................... 21,846 54,850 * Eucatex SA Industria e Comercio.................... 4,600 5,310 Gerdau SA.......................................... 8,687 29,557 * Gol Linhas Aereas Inteligentes SA.................. 18,600 84,146 Itau Unibanco Holding SA........................... 199,660 2,450,243 Itau Unibanco Holding SA ADR....................... 18,054 218,811 Lojas Americanas SA................................ 72,960 422,744 Marcopolo SA....................................... 111,200 111,319 * Oi SA.............................................. 1,952 3,601 Parana Banco SA.................................... 12,000 42,933 Petroleo Brasileiro SA............................. 81,035 246,651 Petroleo Brasileiro SA Sponsored ADR............... 107,510 661,186 Randon Participacoes SA............................ 52,300 77,993 Saraiva SA Livreiros Editores...................... 6,900 11,770 Suzano Papel e Celulose SA Class A................. 85,325 347,077 Telefonica Brasil SA............................... 2,600 48,066 * Usinas Siderurgicas de Minas Gerais SA Class A..... 108,705 135,717 Vale SA............................................ 50,700 314,312 1554 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BRAZIL -- (Continued) Vale SA Sponsored ADR................................. 104,605 $ 654,827 ----------- TOTAL BRAZIL.............................................. 10,458,827 ----------- CHILE -- (0.0%) Embotelladora Andina SA Class B....................... 17,884 50,342 ----------- COLOMBIA -- (0.0%) Avianca Holdings SA................................... 56,456 85,494 Banco Davivienda SA................................... 8,438 88,599 Grupo Aval Acciones y Valores......................... 34,933 18,397 Grupo de Inversiones Suramericana SA.................. 5,468 77,986 ----------- TOTAL COLOMBIA............................................ 270,476 ----------- GERMANY -- (0.1%) Porsche Automobil Holding SE.......................... 8,903 746,096 ----------- TOTAL PREFERRED STOCKS.................................... 11,525,741 ----------- RIGHTS/WARRANTS -- (0.0%) AUSTRIA -- (0.0%) * Intercell AG Rights................................... 4,255 -- ----------- CHINA -- (0.0%) * Golden Meditech Holdings, Ltd. Warrants 07/30/15...... 60,394 545 ----------- FRANCE -- (0.0%) * Euro Disney SCA....................................... 2,831 6,865 * Euro Disney SCA Rights 05/06/15....................... 2,831 -- * Groupe Fnac Rights 05/16/15........................... 4 23 ----------- TOTAL FRANCE.............................................. 6,888 ----------- HONG KONG -- (0.0%) * HKC Holdings, Ltd. Warrants 10/15/15.................. -- -- * International Standard Resources Holdings, Ltd. Warrants 11/26/15................................... 73,333 899 ----------- TOTAL HONG KONG........................................... 899 ----------- INDONESIA -- (0.0%) * Pabrik Kertas Tjiwi Kimia Tbk PT Warrants 07/11/17.... 52,166 642 ----------- MALAYSIA -- (0.0%) * CB Industrial Product Holdings Bhd Warrants 12/31/15.. 17,133 2,408 * Eastern & Oriental Bhd................................ 38,900 -- * Inari Amertron Rights 05/15/15........................ 5,738 3,542 * Insas Bhd............................................. 25,600 1,482 * Mah Sing Group Bhd.................................... 92,204 11,437 ----------- TOTAL MALAYSIA............................................ 18,869 ----------- SINGAPORE -- (0.0%) * Interra Resources, Ltd. Warrants 12/08/15............. 13,800 163 ----------- SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA........ 12,554 6,384 1555 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- SPAIN -- (Continued) * Banco Santander SA.............................. 456,315 $ 69,856 -------------- TOTAL SPAIN........................................... 76,240 -------------- THAILAND -- (0.0%) * Loxley PCL Warrants 09/30/17.................... 3,319 194 -------------- TOTAL RIGHTS/WARRANTS................................. 104,440 -------------- SECURITIES LENDING COLLATERAL -- (2.4%) (S)@ DFA Short Term Investment Fund.................. 4,147,698 47,988,863 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,787,741,352)^^............................ $2,024,261,955 ============== 1556 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------------ ------- ------------ Common Stocks Australia.................... $ 2,586,483 $ 92,352,813 -- $ 94,939,296 Austria...................... -- 6,366,593 -- 6,366,593 Belgium...................... 2,606,893 19,777,764 -- 22,384,657 Brazil....................... 6,981,702 20,907,588 -- 27,889,290 Canada....................... 132,844,327 189,888 -- 133,034,215 Chile........................ 1,848,491 3,774,921 -- 5,623,412 China........................ 10,042,533 95,049,387 -- 105,091,920 Colombia..................... 1,773,373 226 -- 1,773,599 Czech Republic............... -- 748,498 -- 748,498 Denmark...................... 927,739 21,330,841 -- 22,258,580 Egypt........................ -- 166,806 -- 166,806 Finland...................... 54,184 24,569,934 -- 24,624,118 France....................... 9,066,772 104,392,364 -- 113,459,136 Germany...................... 6,242,195 91,715,562 -- 97,957,757 Greece....................... -- 1,968,999 -- 1,968,999 Hong Kong.................... 319,841 45,367,735 -- 45,687,576 Hungary...................... 27,115 681,575 -- 708,690 India........................ 2,123,978 44,737,932 -- 46,861,910 Indonesia.................... 304,928 13,171,504 -- 13,476,432 Ireland...................... 1,350,281 6,569,057 -- 7,919,338 Israel....................... 4,285,661 6,384,855 -- 10,670,516 Italy........................ 2,116,003 35,432,859 -- 37,548,862 Japan........................ 15,100,676 301,393,927 -- 316,494,603 Malaysia..................... -- 17,713,711 -- 17,713,711 Mexico....................... 19,621,856 225,092 -- 19,846,948 Netherlands.................. 9,353,809 28,510,372 -- 37,864,181 New Zealand.................. 20,667 5,451,751 -- 5,472,418 Norway....................... 1,004,154 11,949,413 -- 12,953,567 Peru......................... 644,238 -- -- 644,238 Philippines.................. 66,700 7,949,253 -- 8,015,953 Poland....................... -- 7,886,927 -- 7,886,927 Portugal..................... -- 4,177,160 -- 4,177,160 Russia....................... 357,938 4,725,585 -- 5,083,523 Singapore.................... 21,954 21,585,039 -- 21,606,993 South Africa................. 4,962,987 35,813,914 -- 40,776,901 South Korea.................. 4,683,319 65,678,438 -- 70,361,757 Spain........................ 4,483,005 34,795,005 -- 39,278,010 Sweden....................... 1,171,799 47,699,091 -- 48,870,890 Switzerland.................. 18,386,502 80,026,555 -- 98,413,057 Taiwan....................... 3,131,704 74,789,182 -- 77,920,886 Thailand..................... 15,187,492 -- -- 15,187,492 Turkey....................... 132,227 9,529,140 -- 9,661,367 United Kingdom............... 69,527,925 215,574,214 -- 285,102,139 United States................ 131,402 18,588 -- 149,990 Preferred Stocks Brazil....................... 3,502,996 6,955,831 -- 10,458,827 Chile........................ -- 50,342 -- 50,342 Colombia..................... 270,476 -- -- 270,476 Germany...................... -- 746,096 -- 746,096 Rights/Warrants Austria...................... -- -- -- -- China........................ -- 545 -- 545 France....................... -- 6,888 -- 6,888 Hong Kong.................... -- 899 -- 899 Indonesia.................... -- 642 -- 642 Malaysia..................... -- 18,869 -- 18,869 1557 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED Singapore.................... -- 163 -- 163 Spain........................ -- 76,240 -- 76,240 Thailand..................... -- 194 -- 194 Securities Lending Collateral... -- 47,988,863 -- 47,988,863 ------------ -------------- -- -------------- TOTAL........................... $357,266,325 $1,666,995,630 -- $2,024,261,955 ============ ============== == ============== 1558 LWAS/DFA INTERNATIONAL HIGH BOOK TO MARKET PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) VALUE+ ----------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The DFA International Value Series of The DFA Investment Trust Company......................................... $64,534,493 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $57,674,607)^^......................................... $64,534,493 =========== Summary of the Portfolio's Master Fund's investments as of January 31, 2015, based on their valuation inputs, is located within this report (See Security Valuation Note). 1559 VA U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------ -------- COMMON STOCKS -- (82.7%) Consumer Discretionary -- (11.5%) * 1-800-Flowers.com, Inc. Class A.................... 4,717 $ 37,217 Aaron's, Inc....................................... 9,167 290,227 # Abercrombie & Fitch Co. Class A.................... 10,943 279,265 AH Belo Corp. Class A.............................. 5,125 46,227 * Ambassadors Group, Inc............................. 113 285 * America's Car-Mart, Inc............................ 112 5,948 # American Eagle Outfitters, Inc..................... 10,700 150,228 * American Public Education, Inc..................... 92 3,088 * Apollo Education Group, Inc. Class A............... 2,226 56,229 Arctic Cat, Inc.................................... 1,180 39,672 Ark Restaurants Corp............................... 411 10,123 * Ascena Retail Group, Inc........................... 1,315 15,201 #* Ascent Capital Group, Inc. Class A................. 1,823 77,131 * Ballantyne Strong, Inc............................. 3,604 14,740 #* Barnes & Noble, Inc................................ 12,543 294,635 Bassett Furniture Industries, Inc.................. 2,400 53,328 Beasley Broadcast Group, Inc. Class A.............. 1,850 9,657 # bebe stores, Inc................................... 16,300 58,354 * Belmond, Ltd. Class A.............................. 19,121 210,140 Big 5 Sporting Goods Corp.......................... 1,264 15,054 * Biglari Holdings, Inc.............................. 372 153,997 * BJ's Restaurants, Inc.............................. 3,115 137,963 Bob Evans Farms, Inc............................... 301 16,967 * Books-A-Million, Inc............................... 2,707 6,822 # Bowl America, Inc. Class A......................... 120 1,740 * Bridgepoint Education, Inc......................... 166 1,638 #* Bright Horizons Family Solutions, Inc.............. 1,613 78,311 Brown Shoe Co., Inc................................ 9,200 261,188 * Build-A-Bear Workshop, Inc......................... 2,850 58,767 # Callaway Golf Co................................... 10,051 82,016 * Canterbury Park Holding Corp....................... 332 3,337 * Career Education Corp.............................. 18,900 105,462 * Carmike Cinemas, Inc............................... 2,457 67,985 # Carriage Services, Inc............................. 4,499 98,078 * Carrols Restaurant Group, Inc...................... 4,011 31,928 Cato Corp. (The) Class A........................... 2,797 118,593 * Cavco Industries, Inc.............................. 1,469 107,986 #* Central European Media Enterprises, Ltd. Class A... 13,696 35,610 #* Charles & Colvard, Ltd............................. 863 1,553 Chico's FAS, Inc................................... 23,575 393,231 # Children's Place, Inc. (The)....................... 3,321 199,094 * Christopher & Banks Corp........................... 100 521 Churchill Downs, Inc............................... 3,200 303,968 * Citi Trends, Inc................................... 3,458 79,154 * Coast Distribution System, Inc. (The).............. 800 2,768 #* Conn's, Inc........................................ 100 1,574 Cooper Tire & Rubber Co............................ 9,820 341,638 * Cooper-Standard Holding, Inc....................... 224 11,704 Core-Mark Holding Co., Inc......................... 4,882 325,532 * Crocs, Inc......................................... 10,648 112,869 # CSS Industries, Inc................................ 2,542 69,142 1560 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) Culp, Inc.......................................... 907 $ 18,222 #* Cumulus Media, Inc. Class A........................ 27,627 96,142 Dana Holding Corp.................................. 3,822 79,765 # Darden Restaurants, Inc............................ 7,110 436,412 * Del Frisco's Restaurant Group, Inc................. 1,064 21,099 #* Delta Apparel, Inc................................. 1,640 15,170 #* Destination XL Group, Inc.......................... 2,537 12,888 DeVry Education Group, Inc......................... 13,694 580,763 Dillard's, Inc. Class A............................ 7,314 830,870 DineEquity, Inc.................................... 641 68,427 #* Dixie Group, Inc. (The)............................ 3,300 26,664 Dover Motorsports, Inc............................. 3,360 8,870 * Eldorado Resorts, Inc.............................. 1,650 6,542 # Emerson Radio Corp................................. 2,934 3,051 #* Entercom Communications Corp. Class A.............. 3,172 36,700 # Escalade, Inc...................................... 794 12,101 # Ethan Allen Interiors, Inc......................... 4,344 118,244 #* EW Scripps Co. (The) Class A....................... 9,017 177,905 #* Federal-Mogul Holdings Corp........................ 11,873 160,642 Finish Line, Inc. (The) Class A.................... 7,382 174,215 Flexsteel Industries, Inc.......................... 745 22,201 # Fred's, Inc. Class A............................... 8,542 141,797 Frisch's Restaurants, Inc.......................... 439 12,160 #* FTD Cos., Inc...................................... 2,557 87,577 #* Fuel Systems Solutions, Inc........................ 5,203 55,880 * G-III Apparel Group, Ltd........................... 1,085 105,462 * Gaiam, Inc. Class A................................ 1,255 9,187 # GameStop Corp. Class A............................. 17,471 615,853 * Gaming Partners International Corp................. 300 2,487 Gannett Co., Inc................................... 13,326 413,239 * Genesco, Inc....................................... 3,634 259,649 Graham Holdings Co. Class B........................ 910 851,141 * Gray Television, Inc............................... 16,055 151,880 * Gray Television, Inc. Class A...................... 700 5,250 # Group 1 Automotive, Inc............................ 4,731 380,325 # Guess?, Inc........................................ 1,598 30,010 Harte-Hanks, Inc................................... 8,095 58,851 Haverty Furniture Cos., Inc........................ 5,157 125,986 * Helen of Troy, Ltd................................. 7,000 526,540 o* Here Media, Inc.................................... 340 -- o* Here Media, Inc. Special Shares.................... 340 -- #* hhgregg, Inc....................................... 1,188 6,522 Hooker Furniture Corp.............................. 2,723 49,123 #* Iconix Brand Group, Inc............................ 10,945 363,812 International Speedway Corp. Class A............... 5,584 162,439 Interval Leisure Group, Inc........................ 1,023 23,611 * Isle of Capri Casinos, Inc......................... 260 2,662 #* JAKKS Pacific, Inc................................. 539 3,245 John Wiley & Sons, Inc. Class A.................... 2,794 173,116 Johnson Outdoors, Inc. Class A..................... 2,148 64,440 * Journal Communications, Inc. Class A............... 10,623 106,761 * K12, Inc........................................... 2,441 34,711 * Kirkland's, Inc.................................... 945 21,990 1561 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) La-Z-Boy, Inc...................................... 7,338 $ 195,851 * Lakeland Industries, Inc........................... 1,020 8,670 o* Lazare Kaplan International, Inc................... 1,563 2,446 #* LeapFrog Enterprises, Inc.......................... 1,741 4,144 Lear Corp.......................................... 10,932 1,097,026 Lennar Corp. Class B............................... 976 35,243 * Liberty TripAdvisor Holdings, Inc. Class A......... 5,478 131,143 * Liberty Ventures Series A.......................... 1,820 67,977 #* Life Time Fitness, Inc............................. 6,223 340,211 Lifetime Brands, Inc............................... 3,674 57,976 # Lithia Motors, Inc. Class A........................ 341 28,883 * Live Nation Entertainment, Inc..................... 18,518 440,173 * Luby's, Inc........................................ 7,944 38,767 #* M/I Homes, Inc..................................... 3,643 75,192 Marcus Corp. (The)................................. 4,702 88,680 #* MarineMax, Inc..................................... 7,157 182,575 # Marriott Vacations Worldwide Corp.................. 6,176 472,464 * McClatchy Co. (The) Class A........................ 4,850 12,174 # MDC Holdings, Inc.................................. 6,192 154,800 * Media General, Inc................................. 5,800 82,940 # Men's Wearhouse, Inc. (The)........................ 12,021 558,616 # Meredith Corp...................................... 6,754 351,613 #* Meritage Homes Corp................................ 5,260 191,517 * Modine Manufacturing Co............................ 13,495 164,504 * Monarch Casino & Resort, Inc....................... 2,145 37,109 * Motorcar Parts of America, Inc..................... 730 19,068 Movado Group, Inc.................................. 4,151 99,749 * Murphy USA, Inc.................................... 290 20,245 NACCO Industries, Inc. Class A..................... 1,777 97,824 # New York Times Co. (The) Class A................... 18,483 232,701 * Norwegian Cruise Line Holdings, Ltd................ 9,938 434,887 * Office Depot, Inc.................................. 1,231 9,356 #* Penn National Gaming, Inc.......................... 3,611 54,057 Penske Automotive Group, Inc....................... 10,968 530,303 #* Pep Boys-Manny, Moe & Jack (The)................... 12,580 106,049 * Perry Ellis International, Inc..................... 3,987 95,329 #* Pinnacle Entertainment, Inc........................ 2,795 59,114 PulteGroup, Inc.................................... 9,818 202,153 #* Quiksilver, Inc.................................... 9,875 18,466 * Radio One, Inc. Class D............................ 3,383 6,360 #* RCI Hospitality Holdings, Inc...................... 2,700 26,325 #* Reading International, Inc. Class A................ 1,086 13,130 * Red Lion Hotels Corp............................... 4,230 27,157 * Regis Corp......................................... 13,290 209,317 Remy International, Inc............................ 1,044 22,206 # Rent-A-Center, Inc................................. 10,115 346,742 Rocky Brands, Inc.................................. 1,900 26,049 #* Ruby Tuesday, Inc.................................. 15,122 91,034 # Ryland Group, Inc. (The)........................... 7,113 285,587 # Saga Communications, Inc. Class A.................. 2,276 92,565 Salem Communications Corp. Class A................. 4,900 34,153 # Scholastic Corp.................................... 6,226 228,992 Service Corp. International........................ 32,058 725,473 1562 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) #* Shiloh Industries, Inc............................. 5,891 $ 72,047 Shoe Carnival, Inc................................. 5,209 120,953 #* Shutterfly, Inc.................................... 2,893 126,916 * Sizmek, Inc........................................ 7,844 46,750 #* Skechers U.S.A., Inc. Class A...................... 3,934 237,417 * Skullcandy, Inc.................................... 6,409 64,218 * Skyline Corp....................................... 1,691 6,341 Sonic Automotive, Inc. Class A..................... 5,946 146,450 * Spanish Broadcasting System, Inc. Class A.......... 78 207 Spartan Motors, Inc................................ 7,754 40,398 Speedway Motorsports, Inc.......................... 10,592 236,096 Stage Stores, Inc.................................. 6,632 132,640 Standard Motor Products, Inc....................... 5,844 213,072 #* Standard Pacific Corp.............................. 40,917 287,237 * Stanley Furniture Co., Inc......................... 3,305 9,783 Stein Mart, Inc.................................... 5,161 71,015 * Steiner Leisure, Ltd............................... 878 38,298 * Stoneridge, Inc.................................... 7,811 98,575 # Superior Industries International, Inc............. 5,967 108,898 Superior Uniform Group, Inc........................ 2,295 87,095 Sypris Solutions, Inc.............................. 6,800 16,286 * Systemax, Inc...................................... 2,377 31,067 Tandy Leather Factory, Inc......................... 2,694 23,007 Time, Inc.......................................... 14,747 369,265 #* Toll Brothers, Inc................................. 27,229 942,668 Trans World Entertainment Corp..................... 8,600 29,842 * TRI Pointe Homes, Inc.............................. 13,910 199,330 #* Tuesday Morning Corp............................... 489 8,655 * Unifi, Inc......................................... 4,872 157,025 * Universal Electronics, Inc......................... 1,430 91,148 Vail Resorts, Inc.................................. 909 79,774 #* Vitamin Shoppe, Inc................................ 4,761 201,247 #* VOXX International Corp............................ 4,853 38,824 # Wendy's Co. (The).................................. 87,792 925,328 #* West Marine, Inc................................... 6,279 75,348 # Weyco Group, Inc................................... 493 13,321 #* William Lyon Homes Class A......................... 2,247 42,873 # Wolverine World Wide, Inc.......................... 9,205 259,121 * Zagg, Inc.......................................... 4,307 25,971 * Zumiez, Inc........................................ 2,710 101,056 ----------- Total Consumer Discretionary........................... 27,341,131 ----------- Consumer Staples -- (2.8%) # Alico, Inc......................................... 1,067 50,725 * Alliance One International, Inc.................... 17,363 18,231 Andersons, Inc. (The).............................. 6,189 278,381 #* Boulder Brands, Inc................................ 6,693 67,131 # Cal-Maine Foods, Inc............................... 4,271 149,699 Casey's General Stores, Inc........................ 4,053 370,039 #* CCA Industries, Inc................................ 400 1,400 * Central Garden and Pet Co.......................... 2,954 24,961 #* Central Garden and Pet Co. Class A................. 9,618 87,524 # Coca-Cola Bottling Co. Consolidated................ 896 87,396 1563 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) #* Craft Brew Alliance, Inc........................... 3,112 $ 37,033 #* Darling Ingredients, Inc........................... 20,613 350,009 # Dean Foods Co...................................... 11,940 216,353 Energizer Holdings, Inc............................ 428 54,788 #* Farmer Bros. Co.................................... 2,400 71,784 Fresh Del Monte Produce, Inc....................... 13,128 441,495 Golden Enterprises, Inc............................ 678 2,434 Ingles Markets, Inc. Class A....................... 3,539 150,938 Ingredion, Inc..................................... 10,252 826,721 Inter Parfums, Inc................................. 1,631 41,020 John B. Sanfilippo & Son, Inc...................... 1,796 65,500 * Landec Corp........................................ 5,544 70,797 Limoneira Co....................................... 546 11,357 * Mannatech, Inc..................................... 682 12,753 # MGP Ingredients, Inc............................... 3,567 56,573 * Nutraceutical International Corp................... 2,600 50,804 Oil-Dri Corp. of America........................... 882 27,007 * Omega Protein Corp................................. 5,772 60,837 Orchids Paper Products Co.......................... 795 21,680 * Pantry, Inc. (The)................................. 7,260 267,894 Pinnacle Foods, Inc................................ 7,501 269,811 #* Post Holdings, Inc................................. 7,545 356,501 # Sanderson Farms, Inc............................... 3,563 284,897 * Seaboard Corp...................................... 196 749,698 #* Seneca Foods Corp. Class A......................... 1,129 29,218 Snyder's-Lance, Inc................................ 6,129 178,293 SpartanNash Co..................................... 8,866 228,388 #* TreeHouse Foods, Inc............................... 279 25,305 # Universal Corp..................................... 3,612 145,058 Village Super Market, Inc. Class A................. 1,226 35,517 Weis Markets, Inc.................................. 5,617 257,427 ---------- Total Consumer Staples................................. 6,533,377 ---------- Energy -- (6.0%) Adams Resources & Energy, Inc...................... 489 28,382 # Alon USA Energy, Inc............................... 9,113 110,085 #* Alpha Natural Resources, Inc....................... 24,338 25,312 # Arch Coal, Inc..................................... 4,886 4,531 Atwood Oceanics, Inc............................... 7,919 226,325 * Barnwell Industries, Inc........................... 480 1,380 * Basic Energy Services, Inc......................... 9,941 58,453 #* Bill Barrett Corp.................................. 4,418 45,064 * Bonanza Creek Energy, Inc.......................... 6,312 164,617 Bristow Group, Inc................................. 5,612 312,645 #* C&J Energy Services, Inc........................... 7,081 72,934 * Callon Petroleum Co................................ 13,558 73,891 * Carrizo Oil & Gas, Inc............................. 649 29,270 #* Clayton Williams Energy, Inc....................... 948 52,993 #* Cloud Peak Energy, Inc............................. 8,161 55,413 # Comstock Resources, Inc............................ 11,486 46,403 * Contango Oil & Gas Co.............................. 1,493 44,895 # CVR Energy, Inc.................................... 3,389 129,866 Dawson Geophysical Co.............................. 2,215 23,900 1564 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Energy -- (Continued) Delek US Holdings, Inc............................. 14,271 $440,260 # Denbury Resources, Inc............................. 44,928 310,003 DHT Holdings, Inc.................................. 2,476 18,199 # Diamond Offshore Drilling, Inc..................... 11,982 377,792 # Energy XXI, Ltd.................................... 15,271 44,897 * ENGlobal Corp...................................... 2,200 3,960 EnLink Midstream LLC............................... 2,913 92,167 * Era Group, Inc..................................... 4,052 91,251 * Escalera Resources Co.............................. 1,300 573 Exterran Holdings, Inc............................. 15,632 423,784 * Forum Energy Technologies, Inc..................... 5,336 82,441 # GasLog, Ltd........................................ 10,190 178,223 * Gastar Exploration, Inc............................ 7,600 17,784 Green Plains, Inc.................................. 8,643 202,333 # Gulf Island Fabrication, Inc....................... 2,703 44,789 # Gulfmark Offshore, Inc. Class A.................... 5,554 109,580 #* Halcon Resources Corp.............................. 10,535 14,749 #* Harvest Natural Resources, Inc..................... 7,276 4,564 * Helix Energy Solutions Group, Inc.................. 15,510 291,123 #* Hercules Offshore, Inc............................. 20,035 14,425 HollyFrontier Corp................................. 14,952 537,076 #* Hornbeck Offshore Services, Inc.................... 6,159 136,730 #* ION Geophysical Corp............................... 7,523 16,927 * Key Energy Services, Inc........................... 34,852 58,551 #* Matador Resources Co............................... 4,156 89,603 * Matrix Service Co.................................. 3,683 70,714 #* McDermott International, Inc....................... 1,307 2,941 * Mexco Energy Corp.................................. 100 463 #* Miller Energy Resources, Inc....................... 2,236 2,616 * Mitcham Industries, Inc............................ 1,387 7,781 Nabors Industries, Ltd............................. 43,157 496,737 * Natural Gas Services Group, Inc.................... 2,866 57,865 * Newfield Exploration Co............................ 21,183 630,830 #* Newpark Resources, Inc............................. 19,591 169,266 # Noble Corp. P.L.C.................................. 21,971 356,370 # Nordic American Tankers, Ltd....................... 841 8,511 #* Northern Oil and Gas, Inc.......................... 7,771 48,802 #* Oasis Petroleum, Inc............................... 8,821 118,554 * Oil States International, Inc...................... 7,244 297,511 * Overseas Shipholding Group, Inc.................... 2,316 11,812 #* Pacific Drilling SA................................ 11,342 37,769 Panhandle Oil and Gas, Inc. Class A................ 700 14,658 * Parker Drilling Co................................. 30,804 83,479 Patterson-UTI Energy, Inc.......................... 21,500 368,940 PBF Energy, Inc. Class A........................... 10,225 287,322 * PDC Energy, Inc.................................... 6,007 275,962 # Peabody Energy Corp................................ 26,410 164,534 #* Penn Virginia Corp................................. 21,837 106,565 * PHI, Inc. Non-Voting............................... 3,000 102,630 * Pioneer Energy Services Corp....................... 14,053 58,179 QEP Resources, Inc................................. 22,099 446,842 * Renewable Energy Group, Inc........................ 11,223 98,089 #* REX American Resources Corp........................ 2,075 115,183 1565 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Energy -- (Continued) #* Rex Energy Corp.................................... 8,678 $ 30,720 #* Rosetta Resources, Inc............................. 6,741 115,069 Rowan Cos. P.L.C. Class A.......................... 18,242 385,271 #* SandRidge Energy, Inc.............................. 46,542 65,624 # Scorpio Tankers, Inc............................... 25,354 199,536 #* SEACOR Holdings, Inc............................... 4,516 324,926 #* Seventy Seven Energy, Inc.......................... 2,848 11,250 # Ship Finance International, Ltd.................... 11,096 154,123 SM Energy Co....................................... 7,688 290,760 * Steel Excel, Inc................................... 3,594 86,040 #* Stone Energy Corp.................................. 11,822 166,454 Superior Energy Services, Inc...................... 22,204 444,080 #* Swift Energy Co.................................... 8,400 17,892 # Tesco Corp......................................... 8,109 83,036 Tesoro Corp........................................ 6,413 524,134 * TETRA Technologies, Inc............................ 16,858 83,279 # Tidewater, Inc..................................... 7,300 213,598 #* Triangle Petroleum Corp............................ 11,055 58,039 * Unit Corp.......................................... 8,595 255,959 * Vaalco Energy, Inc................................. 7,136 39,533 # W&T Offshore, Inc.................................. 7,571 38,309 #* Warren Resources, Inc.............................. 1,040 1,092 # Western Refining, Inc.............................. 15,460 574,030 * Whiting Petroleum Corp............................. 4,065 122,031 * Willbros Group, Inc................................ 13,791 76,954 World Fuel Services Corp........................... 135 6,611 #* WPX Energy, Inc.................................... 24,200 257,972 ----------- Total Energy........................................... 14,175,390 ----------- Financials -- (21.4%) # 1st Source Corp.................................... 6,821 202,788 Access National Corp............................... 1,470 26,254 Alexander & Baldwin, Inc........................... 7,725 295,558 * Alleghany Corp..................................... 2,296 1,015,039 Allied World Assurance Co. Holdings AG............. 15,226 588,789 * Ambac Financial Group, Inc......................... 5,504 134,573 American Equity Investment Life Holding Co......... 11,667 297,625 American Financial Group, Inc...................... 14,166 822,195 # American National Bankshares, Inc.................. 702 15,107 American National Insurance Co..................... 2,977 309,727 * American River Bankshares.......................... 100 988 Ameris Bancorp..................................... 3,919 94,565 AMERISAFE, Inc..................................... 3,543 144,200 AmeriServ Financial, Inc........................... 6,300 18,837 * Arch Capital Group, Ltd............................ 7,615 441,442 Argo Group International Holdings, Ltd............. 5,290 282,962 Arrow Financial Corp............................... 728 18,615 Aspen Insurance Holdings, Ltd...................... 10,031 434,543 # Associated Banc-Corp............................... 24,661 414,551 Assurant, Inc...................................... 11,316 718,679 Assured Guaranty, Ltd.............................. 25,676 627,008 * Asta Funding, Inc.................................. 1,714 14,552 Astoria Financial Corp............................. 21,383 261,514 1566 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) #* Atlanticus Holdings Corp........................... 2,898 $ 7,419 Auburn National Bancorporation, Inc................ 44 1,034 #* AV Homes, Inc...................................... 1,654 24,793 Axis Capital Holdings, Ltd......................... 16,105 819,744 Baldwin & Lyons, Inc. Class B...................... 2,584 59,690 Banc of California, Inc............................ 1,000 10,250 Bancfirst Corp..................................... 1,848 106,556 #* Bancorp, Inc. (The)................................ 2,367 20,167 # BancorpSouth, Inc.................................. 14,981 297,373 Bank Mutual Corp................................... 7,255 46,214 Bank of Commerce Holdings.......................... 1,233 7,028 Bank of Kentucky Financial Corp (The).............. 168 7,466 BankFinancial Corp................................. 5,035 56,946 Banner Corp........................................ 3,889 157,038 Bar Harbor Bankshares.............................. 480 14,736 BBCN Bancorp, Inc.................................. 12,162 157,498 #* BBX Capital Corp. Class A.......................... 2,035 28,775 BCB Bancorp, Inc................................... 994 11,540 #* Bear State Financial, Inc.......................... 622 6,730 Berkshire Hills Bancorp, Inc....................... 5,704 142,030 # BOK Financial Corp................................. 2,314 125,211 # Boston Private Financial Holdings, Inc............. 13,091 144,001 # Bridge Bancorp, Inc................................ 305 7,527 Brookline Bancorp, Inc............................. 17,620 169,152 Bryn Mawr Bank Corp................................ 1,374 40,052 C&F Financial Corp................................. 179 6,317 Calamos Asset Management, Inc. Class A............. 3,248 40,762 California First National Bancorp.................. 1,000 13,800 # Camden National Corp............................... 773 28,725 # Cape Bancorp, Inc.................................. 439 3,789 * Capital Bank Financial Corp. Class A............... 2,373 57,949 # Capital City Bank Group, Inc....................... 1,869 28,035 # Capitol Federal Financial, Inc..................... 20,608 256,776 Cardinal Financial Corp............................ 7,421 132,168 #* Cascade Bancorp.................................... 1,840 8,501 # Cash America International, Inc.................... 3,807 79,186 Cathay General Bancorp............................. 11,943 285,318 # Centerstate Banks, Inc............................. 3,124 34,395 # Central Pacific Financial Corp..................... 5,125 107,522 Century Bancorp, Inc. Class A...................... 134 5,197 Chemical Financial Corp............................ 5,945 168,600 Citizens Community Bancorp, Inc.................... 2,054 18,722 Citizens Holding Co................................ 171 3,184 # City Holding Co.................................... 1,230 52,066 Clifton Bancorp, Inc............................... 449 5,954 CNB Financial Corp................................. 439 7,463 CNO Financial Group, Inc........................... 32,460 503,779 CoBiz Financial, Inc............................... 4,891 53,312 Columbia Banking System, Inc....................... 8,643 219,791 # Community Bank System, Inc......................... 6,629 222,933 # Community Trust Bancorp, Inc....................... 3,159 99,761 # Consolidated-Tomoka Land Co........................ 108 5,891 * Consumer Portfolio Services, Inc................... 903 5,057 1567 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) #* Cowen Group, Inc. Class A.......................... 19,975 $ 83,096 #* Customers Bancorp, Inc............................. 1,407 27,648 # CVB Financial Corp................................. 16,247 237,369 Dime Community Bancshares, Inc..................... 5,364 79,173 Donegal Group, Inc. Class A........................ 6,209 99,282 Donegal Group, Inc. Class B........................ 592 13,808 * E*TRADE Financial Corp............................. 44,331 1,021,830 EMC Insurance Group, Inc........................... 4,544 146,589 Employers Holdings, Inc............................ 3,002 62,442 #* Encore Capital Group, Inc.......................... 3,787 140,952 Endurance Specialty Holdings, Ltd.................. 9,916 606,066 * Enova International, Inc........................... 1,017 19,577 * Enstar Group, Ltd.................................. 1,332 179,780 # Enterprise Bancorp, Inc............................ 338 6,912 Enterprise Financial Services Corp................. 2,589 49,476 ESB Financial Corp................................. 1,813 30,295 ESSA Bancorp, Inc.................................. 1,308 15,892 # EverBank Financial Corp............................ 12,564 219,242 Everest Re Group, Ltd.............................. 4,919 843,018 #* Ezcorp, Inc. Class A............................... 2,769 28,548 * Farmers Capital Bank Corp.......................... 1,442 32,214 FBL Financial Group, Inc. Class A.................. 6,070 316,793 # Federal Agricultural Mortgage Corp. Class C........ 1,100 30,305 Federated National Holding Co...................... 1,200 34,932 Fidelity Southern Corp............................. 2,085 31,880 Financial Institutions, Inc........................ 1,451 31,966 * First Acceptance Corp.............................. 5,500 12,815 # First American Financial Corp...................... 16,771 570,549 # First Bancorp, Inc................................. 1,060 17,575 * First BanCorp.(318672706).......................... 16,393 89,998 First Bancorp.(318910106).......................... 3,069 50,945 First Busey Corp................................... 9,462 58,286 First Business Financial Services, Inc............. 300 13,131 First Citizens BancShares, Inc. Class A............ 905 220,865 First Commonwealth Financial Corp.................. 24,601 194,102 First Community Bancshares, Inc.................... 2,358 36,997 First Connecticut Bancorp Inc/Farmington........... 718 10,591 First Defiance Financial Corp...................... 2,005 61,072 # First Federal of Northern Michigan Bancorp, Inc.... 200 1,166 First Financial Bancorp............................ 6,782 112,039 First Financial Corp............................... 1,400 45,374 First Financial Northwest, Inc..................... 3,232 38,752 First Interstate Bancsystem, Inc................... 2,413 57,671 #* First Marblehead Corp. (The)....................... 786 4,567 First Merchants Corp............................... 9,557 208,725 First Midwest Bancorp, Inc......................... 9,967 153,492 * First NBC Bank Holding Co.......................... 700 21,672 First Niagara Financial Group, Inc................. 54,676 443,969 First South Bancorp, Inc........................... 720 5,724 # FirstMerit Corp.................................... 23,192 380,001 * Flagstar Bancorp, Inc.............................. 4,983 70,808 Flushing Financial Corp............................ 4,584 82,970 # FNB Corp........................................... 25,176 302,112 1568 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) * Forestar Group, Inc................................ 4,995 $ 66,284 # Fox Chase Bancorp, Inc............................. 289 4,693 #* FRP Holdings, Inc.................................. 536 19,403 Fulton Financial Corp.............................. 27,400 305,510 # Gain Capital Holdings, Inc......................... 2,191 17,857 German American Bancorp, Inc....................... 2,620 73,360 GFI Group, Inc..................................... 12,679 71,129 Glacier Bancorp, Inc............................... 11,337 252,475 * Global Indemnity P.L.C............................. 1,977 51,876 Great Southern Bancorp, Inc........................ 2,001 72,276 * Green Dot Corp. Class A............................ 3,479 53,055 * Greenlight Capital Re, Ltd. Class A................ 3,829 120,269 # Guaranty Bancorp................................... 2,411 32,259 Guaranty Federal Bancshares, Inc................... 100 1,475 * Hallmark Financial Services, Inc................... 3,963 43,752 Hampden Bancorp, Inc............................... 1,000 20,090 Hancock Holding Co................................. 11,317 295,487 Hanmi Financial Corp............................... 4,991 99,121 # Hanover Insurance Group, Inc. (The)................ 10,024 691,656 HCC Insurance Holdings, Inc........................ 13,629 726,971 Heartland Financial USA, Inc....................... 1,414 39,055 Heritage Commerce Corp............................. 4,200 35,112 Heritage Financial Corp............................ 716 11,112 HF Financial Corp.................................. 363 5,231 * Hilltop Holdings, Inc.............................. 9,882 179,358 Hingham Institution for Savings.................... 94 8,272 * HMN Financial, Inc................................. 750 9,180 Home Bancorp, Inc.................................. 724 15,841 # HomeStreet, Inc.................................... 880 15,541 * HomeTrust Bancshares, Inc.......................... 1,100 16,995 HopFed Bancorp, Inc................................ 683 9,022 Horace Mann Educators Corp......................... 5,808 176,970 Horizon Bancorp.................................... 401 8,974 Hudson City Bancorp, Inc........................... 2,681 24,049 Hudson Valley Holding Corp......................... 759 18,725 Iberiabank Corp.................................... 5,186 283,207 * Imperial Holdings, Inc............................. 147 873 # Independence Holding Co............................ 6,112 77,684 Independent Bank Corp.(453836108).................. 2,830 107,059 Independent Bank Corp.(453838609).................. 340 4,182 # Independent Bank Group, Inc........................ 234 7,303 Infinity Property & Casualty Corp.................. 2,703 189,940 Interactive Brokers Group, Inc. Class A............ 6,166 188,865 International Bancshares Corp...................... 12,488 281,105 Intervest Bancshares Corp. Class A................. 1,700 16,745 #* INTL. FCStone, Inc................................. 1,166 22,480 * Investment Technology Group, Inc................... 4,557 94,558 Investors Title Co................................. 125 8,968 # Janus Capital Group, Inc........................... 2,939 51,550 JMP Group, Inc..................................... 2,603 19,861 * KCG Holdings, Inc. Class A......................... 11,658 142,577 #* Kearny Financial Corp.............................. 219 2,847 Kemper Corp........................................ 10,135 353,813 1569 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Kentucky First Federal Bancorp..................... 120 $ 986 Lakeland Bancorp, Inc.............................. 6,717 72,476 Lakeland Financial Corp............................ 2,142 80,839 Landmark Bancorp, Inc.............................. 179 3,759 LegacyTexas Financial Group, Inc................... 5,624 111,468 Legg Mason, Inc.................................... 18,412 1,020,761 * LendingTree, Inc................................... 400 16,472 LNB Bancorp, Inc................................... 2,597 45,188 Louisiana Bancorp, Inc............................. 696 14,867 # Macatawa Bank Corp................................. 4,800 25,296 # Maiden Holdings, Ltd............................... 13,388 167,350 MainSource Financial Group, Inc.................... 4,441 85,267 Marlin Business Services Corp...................... 2,600 41,730 MB Financial, Inc.................................. 11,408 324,101 * MBIA, Inc.......................................... 35,370 283,667 * MBT Financial Corp................................. 4,052 20,787 # Meadowbrook Insurance Group, Inc................... 11,385 94,496 Mercantile Bank Corp............................... 1,220 23,180 Merchants Bancshares, Inc.......................... 591 15,821 Mercury General Corp............................... 2,246 128,359 Meta Financial Group, Inc.......................... 85 2,845 * Metro Bancorp, Inc................................. 2,783 70,855 # MidSouth Bancorp, Inc.............................. 2,318 32,313 MidWestOne Financial Group, Inc.................... 88 2,466 # Montpelier Re Holdings, Ltd........................ 1,414 49,674 MutualFirst Financial, Inc......................... 414 9,062 NASDAQ OMX Group, Inc. (The)....................... 24,288 1,107,533 National Bank Holdings Corp. Class A............... 3,726 68,745 National Interstate Corp........................... 3,389 87,335 National Penn Bancshares, Inc...................... 22,640 219,608 National Western Life Insurance Co. Class A........ 486 115,858 Navient Corp....................................... 11,257 222,213 * Navigators Group, Inc. (The)....................... 3,481 258,360 # NBT Bancorp, Inc................................... 5,542 127,521 Nelnet, Inc. Class A............................... 5,000 218,700 New Hampshire Thrift Bancshares, Inc............... 200 3,034 # New York Community Bancorp, Inc.................... 63,716 984,412 * NewBridge Bancorp.................................. 3,600 28,224 #* NewStar Financial, Inc............................. 5,045 53,326 * Nicholas Financial, Inc............................ 247 3,515 Northeast Bancorp.................................. 1,166 10,482 Northeast Community Bancorp, Inc................... 4,700 32,618 Northfield Bancorp, Inc............................ 9,002 129,629 Northrim BanCorp, Inc.............................. 474 9,826 Northwest Bancshares, Inc.......................... 16,292 192,246 # Norwood Financial Corp............................. 44 1,317 OceanFirst Financial Corp.......................... 2,040 33,048 OFG Bancorp........................................ 7,665 123,406 # Ohio Valley Banc Corp.............................. 197 4,728 Old National Bancorp............................... 15,275 204,838 Old Republic International Corp.................... 40,512 568,788 * Old Second Bancorp, Inc............................ 1,100 5,984 OneBeacon Insurance Group, Ltd. Class A............ 4,000 63,240 1570 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) # Oppenheimer Holdings, Inc. Class A................. 1,595 $ 31,501 Oritani Financial Corp............................. 3,695 52,136 Pacific Continental Corp........................... 1,612 20,376 * Pacific Mercantile Bancorp......................... 2,264 15,508 #* Pacific Premier Bancorp, Inc....................... 1,600 23,776 PacWest Bancorp.................................... 16,056 686,474 # Park National Corp................................. 370 29,752 Park Sterling Corp................................. 6,031 40,408 PartnerRe, Ltd..................................... 8,101 926,754 * Patriot National Bancorp, Inc...................... 600 1,032 Peapack Gladstone Financial Corp................... 1,644 29,313 # Penns Woods Bancorp, Inc........................... 225 9,992 # People's United Financial, Inc..................... 49,090 690,696 # Peoples Bancorp, Inc............................... 2,428 55,480 #* PHH Corp........................................... 8,874 221,318 * PICO Holdings, Inc................................. 3,461 55,341 Pinnacle Financial Partners, Inc................... 5,665 203,600 * Piper Jaffray Cos.................................. 2,190 111,799 Platinum Underwriters Holdings, Ltd................ 5,728 422,898 Preferred Bank..................................... 1,052 27,468 Premier Financial Bancorp, Inc..................... 658 9,758 Primerica, Inc..................................... 272 13,502 PrivateBancorp, Inc................................ 12,158 368,874 ProAssurance Corp.................................. 8,538 378,831 # Prosperity Bancshares, Inc......................... 8,843 404,921 Protective Life Corp............................... 11,192 782,880 Provident Financial Holdings, Inc.................. 2,100 32,592 Provident Financial Services, Inc.................. 9,873 171,395 Prudential Bancorp, Inc............................ 88 1,071 Pulaski Financial Corp............................. 1,241 14,768 QC Holdings, Inc................................... 800 1,356 QCR Holdings, Inc.................................. 225 3,960 * Regional Management Corp........................... 16 232 Reinsurance Group of America, Inc.................. 10,901 902,712 # RenaissanceRe Holdings, Ltd........................ 6,033 576,936 Renasant Corp...................................... 5,526 144,560 Republic Bancorp, Inc. Class A..................... 2,281 51,984 #* Republic First Bancorp, Inc........................ 425 1,458 # Resource America, Inc. Class A..................... 6,061 53,276 * Riverview Bancorp, Inc............................. 4,200 18,480 # S&T Bancorp, Inc................................... 4,563 125,437 Safety Insurance Group, Inc........................ 3,321 205,736 # Sandy Spring Bancorp, Inc.......................... 4,334 107,180 * Seacoast Banking Corp. of Florida.................. 1,982 25,092 Selective Insurance Group, Inc..................... 8,513 219,806 #* Shore Bancshares, Inc.............................. 479 4,431 SI Financial Group, Inc............................ 1,191 13,113 Sierra Bancorp..................................... 974 15,428 Simmons First National Corp. Class A............... 2,283 85,430 Simplicity Bancorp, Inc............................ 735 12,929 South State Corp................................... 3,032 181,041 * Southern First Bancshares, Inc..................... 266 4,655 Southern Missouri Bancorp, Inc..................... 160 5,920 1571 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Southside Bancshares, Inc.......................... 1,392 $ 38,002 # Southwest Bancorp, Inc............................. 5,301 80,893 Southwest Georgia Financial Corp................... 98 1,359 StanCorp Financial Group, Inc...................... 7,052 437,506 State Auto Financial Corp.......................... 10,929 240,438 State Bank Financial Corp.......................... 288 5,259 Sterling Bancorp................................... 11,167 147,181 Stewart Information Services Corp.................. 4,977 178,177 Stock Yards Bancorp, Inc........................... 700 21,560 * Stratus Properties, Inc............................ 650 8,762 Suffolk Bancorp.................................... 2,821 64,883 #* Sun Bancorp, Inc................................... 1,027 18,794 Susquehanna Bancshares, Inc........................ 43,190 544,626 Symetra Financial Corp............................. 19,291 391,800 Synovus Financial Corp............................. 21,219 546,814 TCF Financial Corp................................. 25,777 378,922 # Territorial Bancorp, Inc........................... 408 8,870 * Texas Capital Bancshares, Inc...................... 3,734 152,534 Timberland Bancorp, Inc............................ 400 4,200 # Tompkins Financial Corp............................ 1,692 86,749 # Towne Bank......................................... 3,235 46,940 Trico Bancshares................................... 2,181 50,926 # TrustCo Bank Corp.................................. 14,223 91,454 # Trustmark Corp..................................... 9,617 205,419 # UMB Financial Corp................................. 6,983 338,815 * Unico American Corp................................ 1,400 16,597 # Union Bankshares Corp.............................. 8,400 168,000 # United Bankshares, Inc............................. 10,159 343,476 United Community Banks, Inc........................ 6,151 107,704 United Community Financial Corp.................... 1,067 5,762 United Financial Bancorp, Inc...................... 5,155 64,128 United Fire Group, Inc............................. 5,738 160,320 Unity Bancorp, Inc................................. 594 5,441 Universal Insurance Holdings, Inc.................. 1,502 34,891 Univest Corp. of Pennsylvania...................... 2,456 45,485 Validus Holdings, Ltd.............................. 14,306 567,233 Valley National Bancorp............................ 4,895 44,447 * Walker & Dunlop, Inc............................... 2,479 44,002 # Washington Federal, Inc............................ 20,607 409,255 # Washington Trust Bancorp, Inc...................... 2,119 77,598 # Waterstone Financial, Inc.......................... 1,967 24,942 Webster Financial Corp............................. 13,809 421,589 WesBanco, Inc...................................... 6,027 181,895 # West Bancorporation, Inc........................... 5,550 90,798 Westfield Financial, Inc........................... 4,449 32,033 White Mountains Insurance Group, Ltd............... 649 418,332 Wilshire Bancorp, Inc.............................. 11,054 100,591 Wintrust Financial Corp............................ 7,728 335,936 WR Berkley Corp.................................... 14,110 691,249 * Wright Investors' Service Holdings, Inc............ 1,000 1,490 WSFS Financial Corp................................ 1,373 101,410 1572 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Financials -- (Continued) Zions Bancorporation............................... 32,289 $ 773,644 ----------- Total Financials....................................... 50,782,255 ----------- Health Care -- (4.8%) * Addus HomeCare Corp................................ 775 17,189 #* Affymetrix, Inc.................................... 14,846 163,900 #* Albany Molecular Research, Inc..................... 7,139 116,580 * Alere, Inc......................................... 19,422 790,281 #* Allied Healthcare Products, Inc.................... 1,700 2,652 * Almost Family, Inc................................. 2,016 61,206 #* Alphatec Holdings, Inc............................. 4,114 5,266 * Amedisys, Inc...................................... 8,097 228,173 * American Shared Hospital Services.................. 400 1,004 * Amsurg Corp........................................ 7,445 410,815 # Analogic Corp...................................... 1,500 122,295 * AngioDynamics, Inc................................. 7,576 145,800 #* Anika Therapeutics, Inc............................ 1,025 40,159 * Arrhythmia Research Technology, Inc................ 291 2,238 * Bio-Rad Laboratories, Inc. Class A................. 181 20,719 #* BioScrip, Inc...................................... 10,593 60,910 * Cambrex Corp....................................... 895 20,075 #* Capital Senior Living Corp......................... 1,323 31,580 #* Community Health Systems, Inc...................... 18,196 856,486 CONMED Corp........................................ 5,684 270,786 * Cross Country Healthcare, Inc...................... 8,248 84,377 CryoLife, Inc...................................... 5,333 60,050 #* Cumberland Pharmaceuticals, Inc.................... 3,402 19,766 #* Cutera, Inc........................................ 1,703 22,650 * Cynosure, Inc. Class A............................. 3,069 92,745 Digirad Corp....................................... 3,300 13,695 * Emergent Biosolutions, Inc......................... 6,746 189,090 Ensign Group, Inc. (The)........................... 1,032 42,828 * Enzo Biochem, Inc.................................. 1,288 4,057 * Exactech, Inc...................................... 1,341 27,879 * Five Star Quality Care, Inc........................ 10,700 37,236 * Genesis Healthcare, Inc............................ 298 2,473 * Gentiva Health Services, Inc....................... 1,754 34,063 * Greatbatch, Inc.................................... 5,085 246,928 * Haemonetics Corp................................... 6,948 275,141 * Halyard Health, Inc................................ 164 7,309 #* Hanger, Inc........................................ 2,204 47,562 #* Harvard Apparatus Regenerative Technology, Inc..... 372 1,209 * Harvard Bioscience, Inc............................ 4,641 24,180 * Healthways, Inc.................................... 5,311 109,513 Hill-Rom Holdings, Inc............................. 524 25,026 * Hologic, Inc....................................... 2,006 60,912 * ICU Medical, Inc................................... 2,357 196,998 #* Impax Laboratories, Inc............................ 7,260 266,224 #* InfuSystems Holdings, Inc.......................... 2,347 6,478 #* Integra LifeSciences Holdings Corp................. 3,778 210,510 Invacare Corp...................................... 7,689 112,644 #* IPC Healthcare, Inc................................ 1,874 75,635 Kewaunee Scientific Corp........................... 170 3,050 1573 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) Kindred Healthcare, Inc............................ 12,870 $ 237,580 LeMaitre Vascular, Inc............................. 3,115 24,640 * LHC Group, Inc..................................... 2,425 72,071 * LifePoint Hospitals, Inc........................... 10,900 711,116 * Luminex Corp....................................... 1,784 31,488 * Magellan Health, Inc............................... 5,479 329,397 * Mallinckrodt P.L.C................................. 602 63,806 * MedAssets, Inc..................................... 9,267 171,532 o#* MedCath Corp....................................... 5,455 -- * Medicines Co. (The)................................ 1,487 42,632 * Merit Medical Systems, Inc......................... 5,476 83,947 #* Misonix, Inc....................................... 900 12,033 #* Molina Healthcare, Inc............................. 7,762 395,163 National Healthcare Corp........................... 1,778 111,961 #* Natus Medical, Inc................................. 7,744 291,174 #* NuVasive, Inc...................................... 2,951 136,690 Omnicare, Inc...................................... 12,707 952,771 * Omnicell, Inc...................................... 2,163 68,848 * Orthofix International NV.......................... 248 7,564 # Owens & Minor, Inc................................. 9,886 338,398 #* PDI, Inc........................................... 3,900 6,084 * PharMerica Corp.................................... 7,127 163,992 * Pozen, Inc......................................... 1,400 9,674 * Prestige Brands Holdings, Inc...................... 11,035 378,059 #* Repligen Corp...................................... 1,454 35,318 #* RTI Surgical, Inc.................................. 9,448 42,138 * Sciclone Pharmaceuticals, Inc...................... 4,414 32,575 Select Medical Holdings Corp....................... 20,298 274,429 Span-America Medical Systems, Inc.................. 363 6,244 STERIS Corp........................................ 476 31,045 * SunLink Health Systems, Inc........................ 887 1,229 * Symmetry Surgical, Inc............................. 2,128 15,322 #* Targacept, Inc..................................... 4,500 11,295 * Tornier NV......................................... 882 21,318 * Triple-S Management Corp. Class B.................. 4,208 101,329 * Universal American Corp............................ 19,798 178,776 * VCA, Inc........................................... 3,869 201,575 * WellCare Health Plans, Inc......................... 3,024 220,298 ----------- Total Health Care....................................... 11,481,853 ----------- Industrials -- (15.7%) AAR Corp........................................... 7,598 217,759 ABM Industries, Inc................................ 11,548 333,391 * ACCO Brands Corp................................... 17,248 136,604 * Accuride Corp...................................... 2,376 10,454 Aceto Corp......................................... 7,911 153,473 Acme United Corp................................... 100 1,900 Actuant Corp. Class A.............................. 10,051 232,279 # ADT Corp. (The).................................... 27,251 937,434 * AECOM.............................................. 23,735 603,344 * Aegion Corp........................................ 7,841 120,124 # AGCO Corp.......................................... 13,971 605,503 # Air Lease Corp..................................... 12,693 443,493 1574 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Air Transport Services Group, Inc.................. 13,995 $ 116,578 Aircastle, Ltd..................................... 170 3,410 Alamo Group, Inc................................... 2,616 117,851 Alaska Air Group, Inc.............................. 18,772 1,274,056 Albany International Corp. Class A................. 4,034 137,680 # Alliant Techsystems, Inc........................... 3,751 488,793 Allied Motion Technologies, Inc.................... 400 8,968 # Altra Industrial Motion Corp....................... 3,339 85,311 * AMERCO............................................. 5,363 1,534,408 * Ameresco, Inc. Class A............................. 3,550 20,697 # American Railcar Industries, Inc................... 3,877 194,625 #* American Superconductor Corp....................... 1,994 1,396 * AMREP Corp......................................... 600 2,280 Apogee Enterprises, Inc............................ 622 26,908 # Applied Industrial Technologies, Inc............... 6,375 257,741 * ARC Document Solutions, Inc........................ 4,326 39,669 ArcBest Corp....................................... 7,417 276,357 #* Arotech Corp....................................... 3,700 8,436 # Astec Industries, Inc.............................. 4,879 173,497 * Atlas Air Worldwide Holdings, Inc.................. 5,799 262,115 * Avalon Holdings Corp. Class A...................... 262 794 * Avis Budget Group, Inc............................. 21,045 1,206,089 AZZ, Inc........................................... 3,557 150,070 # Baltic Trading, Ltd................................ 10,469 16,960 Barnes Group, Inc.................................. 8,017 275,384 * Beacon Roofing Supply, Inc......................... 4,262 100,967 Brady Corp. Class A................................ 6,070 158,852 # Briggs & Stratton Corp............................. 8,608 158,473 Brink's Co. (The).................................. 4,110 92,105 * CAI International, Inc............................. 2,631 55,172 #* CBIZ, Inc.......................................... 11,257 93,208 CDI Corp........................................... 5,340 90,727 Ceco Environmental Corp............................ 722 9,906 Celadon Group, Inc................................. 3,852 91,793 CIRCOR International, Inc.......................... 2,507 123,821 Civeo Corp......................................... 6,350 18,606 #* Clean Harbors, Inc................................. 7,232 342,218 Columbus McKinnon Corp............................. 4,617 115,656 Comfort Systems USA, Inc........................... 3,476 57,875 Compx International, Inc........................... 200 2,158 Con-way, Inc....................................... 9,067 371,475 # Copa Holdings SA Class A........................... 1,953 209,967 Courier Corp....................................... 1,913 44,898 Covanta Holding Corp............................... 19,639 401,421 * Covenant Transportation Group, Inc. Class A........ 2,210 62,543 * CPI Aerostructures, Inc............................ 800 9,400 * CRA International, Inc............................. 1,273 37,592 Cubic Corp......................................... 2,768 144,739 Curtiss-Wright Corp................................ 10,861 722,582 #* DigitalGlobe, Inc.................................. 7,316 196,727 Douglas Dynamics, Inc.............................. 3,360 67,838 * Ducommun, Inc...................................... 2,731 70,924 * DXP Enterprises, Inc............................... 600 24,612 1575 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) * Dycom Industries, Inc.............................. 5,686 $175,186 # Dynamic Materials Corp............................. 1,500 21,240 Eastern Co. (The).................................. 510 9,649 Ecology and Environment, Inc. Class A.............. 210 2,058 EMCOR Group, Inc................................... 3,841 155,023 Encore Wire Corp................................... 4,280 131,096 # EnerSys............................................ 5,345 312,041 #* Engility Holdings, Inc............................. 3,674 146,593 Ennis, Inc......................................... 5,808 77,479 * EnPro Industries, Inc.............................. 3,739 221,835 ESCO Technologies, Inc............................. 3,802 136,948 Exelis, Inc........................................ 27,425 469,242 Federal Signal Corp................................ 14,257 217,704 * Franklin Covey Co.................................. 3,400 61,438 # Franklin Electric Co., Inc......................... 4,327 148,027 FreightCar America, Inc............................ 2,245 52,398 #* FTI Consulting, Inc................................ 8,053 327,516 #* Fuel Tech, Inc..................................... 1,990 6,428 * Furmanite Corp..................................... 1,945 14,257 G&K Services, Inc. Class A......................... 4,810 337,181 GATX Corp.......................................... 10,799 617,163 #* Gencor Industries, Inc............................. 600 5,490 # General Cable Corp................................. 2,608 29,836 * Gibraltar Industries, Inc.......................... 6,948 105,193 # Global Power Equipment Group, Inc.................. 800 9,864 #* Goldfield Corp. (The).............................. 2,600 5,902 * GP Strategies Corp................................. 4,100 136,858 * GrafTech International, Ltd........................ 29,852 108,363 * Great Lakes Dredge & Dock Corp..................... 16,521 128,368 # Greenbrier Cos., Inc. (The)........................ 4,835 251,082 # Griffon Corp....................................... 14,026 206,042 H&E Equipment Services, Inc........................ 100 1,754 Hardinge, Inc...................................... 3,769 43,004 * Hawaiian Holdings, Inc............................. 14,927 290,181 Heidrick & Struggles International, Inc............ 3,465 76,784 * Hill International, Inc............................ 5,419 20,701 Houston Wire & Cable Co............................ 4,919 54,453 * Hub Group, Inc. Class A............................ 6,515 217,601 * Hudson Global, Inc................................. 4,736 11,603 Hurco Cos., Inc.................................... 1,730 60,688 * Huron Consulting Group, Inc........................ 3,538 266,128 Hyster-Yale Materials Handling, Inc................ 1,193 74,741 * ICF International, Inc............................. 4,616 172,454 * InnerWorkings, Inc................................. 2,122 10,886 #* Innovative Solutions & Support, Inc................ 573 2,258 Insteel Industries, Inc............................ 3,260 66,569 # International Shipholding Corp..................... 1,600 26,816 # Intersections, Inc................................. 2,527 8,642 * Jacobs Engineering Group, Inc...................... 1,903 72,504 #* JetBlue Airways Corp............................... 57,197 960,338 Kadant, Inc........................................ 2,295 91,203 # Kaman Corp......................................... 3,627 137,899 # KBR, Inc........................................... 1,200 19,836 1576 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Kelly Services, Inc. Class A....................... 8,245 $139,340 * Key Technology, Inc................................ 987 12,634 # Kimball International, Inc. Class B................ 6,951 60,265 * Kirby Corp......................................... 3,615 262,051 # Knight Transportation, Inc......................... 7,507 213,874 # Knightsbridge Shipping, Ltd........................ 8,200 32,882 * Korn/Ferry International........................... 11,096 316,236 #* Kratos Defense & Security Solutions, Inc........... 12,683 61,639 * Lawson Products, Inc............................... 1,607 39,532 #* Layne Christensen Co............................... 5,272 42,650 LB Foster Co. Class A.............................. 1,738 82,399 #* LMI Aerospace, Inc................................. 2,100 29,820 LS Starrett Co. (The) Class A...................... 489 10,548 LSI Industries, Inc................................ 5,575 40,921 * Lydall, Inc........................................ 3,900 107,445 Marten Transport, Ltd.............................. 9,879 202,026 * MasTec, Inc........................................ 4,508 83,488 Matson, Inc........................................ 6,673 231,887 Matthews International Corp. Class A............... 4,904 227,202 McGrath RentCorp................................... 4,406 133,854 * Mfri, Inc.......................................... 1,500 8,370 Miller Industries, Inc............................. 2,674 54,015 * Mistras Group, Inc................................. 1,362 27,376 Mobile Mini, Inc................................... 11,000 399,300 * MRC Global, Inc.................................... 5,885 63,617 Mueller Industries, Inc............................ 9,088 285,272 # Multi-Color Corp................................... 2,146 124,940 * MYR Group, Inc..................................... 3,754 93,963 # National Presto Industries, Inc.................... 238 14,994 * Navigant Consulting, Inc........................... 12,908 186,262 NL Industries, Inc................................. 15,300 107,253 NN, Inc............................................ 3,495 80,560 * Northwest Pipe Co.................................. 2,413 57,743 * On Assignment, Inc................................. 7,852 275,841 * Orbital Sciences Corp.............................. 11,173 313,850 #* Orion Energy Systems, Inc.......................... 5,713 25,880 * Orion Marine Group, Inc............................ 3,785 34,557 Oshkosh Corp....................................... 4,795 205,466 Owens Corning...................................... 18,039 722,462 #* PAM Transportation Services, Inc................... 3,545 205,255 * Pendrell Corp...................................... 4,995 6,494 # Powell Industries, Inc............................. 1,718 67,019 * PowerSecure International, Inc..................... 1,846 17,352 # Preformed Line Products Co......................... 707 33,802 Providence and Worcester Railroad Co............... 200 3,690 Quad/Graphics, Inc................................. 5,192 104,048 Quanex Building Products Corp...................... 10,319 194,307 * Quanta Services, Inc............................... 27,094 717,449 RBC Bearings, Inc.................................. 187 10,853 RCM Technologies, Inc.............................. 4,177 24,728 Regal-Beloit Corp.................................. 6,168 424,667 * Republic Airways Holdings, Inc..................... 11,023 151,676 Resources Connection, Inc.......................... 8,698 145,257 1577 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) * Roadrunner Transportation Systems, Inc............. 3,684 $ 74,859 * RPX Corp........................................... 4,720 58,292 * Rush Enterprises, Inc. Class A..................... 6,802 190,456 * Rush Enterprises, Inc. Class B..................... 1,650 44,798 Ryder System, Inc.................................. 9,234 764,483 * Saia, Inc.......................................... 4,262 179,473 SIFCO Industries, Inc.............................. 659 19,104 Simpson Manufacturing Co., Inc..................... 7,453 243,266 SkyWest, Inc....................................... 11,060 138,803 * SL Industries, Inc................................. 502 21,461 * SP Plus Corp....................................... 703 15,691 * Sparton Corp....................................... 2,441 57,315 Standex International Corp......................... 2,444 171,300 * Sterling Construction Co., Inc..................... 1,634 5,670 Supreme Industries, Inc. Class A................... 1,383 10,663 # TAL International Group, Inc....................... 8,064 327,802 * Team, Inc.......................................... 2,058 78,492 * Tecumseh Products Co............................... 3,300 11,682 # Terex Corp......................................... 11,903 267,579 Tetra Tech, Inc.................................... 9,564 220,259 * Thermon Group Holdings, Inc........................ 2,710 55,420 Timken Co. (The)................................... 4,481 170,323 # Titan International, Inc........................... 4,381 39,166 * Titan Machinery, Inc............................... 2,923 41,302 #* TRC Cos., Inc...................................... 1,013 7,000 * Trimas Corp........................................ 5,491 148,202 # Trinity Industries, Inc............................ 24,069 637,106 # Triumph Group, Inc................................. 7,825 446,494 * TrueBlue, Inc...................................... 2,470 54,488 * Tutor Perini Corp.................................. 11,031 239,483 Twin Disc, Inc..................................... 322 5,184 * Ultralife Corp..................................... 969 3,246 * Ultrapetrol Bahamas, Ltd........................... 200 322 UniFirst Corp...................................... 3,100 360,003 # United Stationers, Inc............................. 5,936 239,280 Universal Forest Products, Inc..................... 3,748 187,625 * USA Truck, Inc..................................... 3,004 83,511 # Valmont Industries, Inc............................ 2,999 360,240 * Veritiv Corp....................................... 632 32,150 * Versar, Inc........................................ 700 2,135 Viad Corp.......................................... 5,190 140,026 * Virco Manufacturing Corp........................... 4,400 10,560 * Volt Information Sciences, Inc..................... 371 4,652 VSE Corp........................................... 571 41,323 #* Wabash National Corp............................... 4,108 51,227 Waste Connections, Inc............................. 19,285 833,498 Watts Water Technologies, Inc. Class A............. 5,650 331,259 # Werner Enterprises, Inc............................ 11,161 318,423 #* Wesco Aircraft Holdings, Inc....................... 5,041 65,735 #* WESCO International, Inc........................... 3,964 264,637 1578 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) * Willis Lease Finance Corp.......................... 2,293 $ 47,373 ----------- Total Industrials...................................... 37,308,481 ----------- Information Technology -- (11.9%) * Actua Corp......................................... 203 3,268 #* Acxiom Corp........................................ 2,805 51,051 * ADDvantage Technologies Group, Inc................. 1,399 3,246 # ADTRAN, Inc........................................ 8,233 182,032 * Advanced Energy Industries, Inc.................... 9,267 222,408 #* Agilysys, Inc...................................... 2,276 23,625 * Alpha & Omega Semiconductor, Ltd................... 1,389 12,182 * Amkor Technology, Inc.............................. 29,601 187,966 * Amtech Systems, Inc................................ 1,700 13,889 * Anixter International, Inc......................... 3,577 269,563 * AOL, Inc........................................... 12,162 526,007 * ARRIS Group, Inc................................... 13,686 358,847 * Arrow Electronics, Inc............................. 15,959 878,383 Astro-Med, Inc..................................... 1,475 21,587 #* Aviat Networks, Inc................................ 8,260 10,573 Avnet, Inc......................................... 22,032 916,972 AVX Corp........................................... 21,064 272,358 Aware, Inc......................................... 2,090 10,199 * Axcelis Technologies, Inc.......................... 15,008 36,019 * AXT, Inc........................................... 7,116 19,782 #* Bankrate, Inc...................................... 7,959 99,328 Bel Fuse, Inc. Class B............................. 2,447 57,553 * Benchmark Electronics, Inc......................... 11,930 289,064 Black Box Corp..................................... 2,926 61,475 #* Blucora, Inc....................................... 9,000 121,680 o* Bogen Corp......................................... 1,000 -- * BroadVision, Inc................................... 1,325 7,990 Brocade Communications Systems, Inc................ 910 10,119 Brooks Automation, Inc............................. 21,013 271,278 * Bsquare Corp....................................... 300 1,329 * CACI International, Inc. Class A................... 4,064 343,774 * Calix, Inc......................................... 555 5,328 * Cascade Microtech, Inc............................. 3,735 50,273 * Checkpoint Systems, Inc............................ 8,316 107,775 #* Ciber, Inc......................................... 17,728 57,261 #* Cirrus Logic, Inc.................................. 8,047 213,246 * Coherent, Inc...................................... 6,367 393,990 # Cohu, Inc.......................................... 5,574 63,153 o* Commerce One, LLC.................................. 4,310 -- Communications Systems, Inc........................ 2,300 23,575 Comtech Telecommunications Corp.................... 3,556 117,490 # Convergys Corp..................................... 15,672 300,276 * CoreLogic, Inc..................................... 12,428 412,610 # CSG Systems International, Inc..................... 4,807 117,868 CSP, Inc........................................... 66 467 CTS Corp........................................... 7,318 117,088 #* CyberOptics Corp................................... 1,991 21,722 Daktronics, Inc.................................... 3,536 43,776 * Datalink Corp...................................... 1,133 12,871 1579 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) * Dice Holdings, Inc................................. 8,405 $ 69,509 * Digi International, Inc............................ 5,952 56,842 #* Digital River, Inc................................. 10,060 256,832 * Diodes, Inc........................................ 7,380 195,053 * DSP Group, Inc..................................... 4,313 47,400 DST Systems, Inc................................... 3,193 308,763 # EarthLink Holdings Corp............................ 17,438 73,588 * EchoStar Corp. Class A............................. 6,775 353,452 * Edgewater Technology, Inc.......................... 3,967 27,967 Electro Rent Corp.................................. 7,110 91,648 # Electro Scientific Industries, Inc................. 6,690 41,946 * Electronics for Imaging, Inc....................... 9,550 369,108 * Emcore Corp........................................ 3,590 18,560 * Emulex Corp........................................ 25,374 158,841 #* EnerNOC, Inc....................................... 2,417 41,621 * Entegris, Inc...................................... 19,237 250,081 #* Entropic Communications, Inc....................... 17,686 45,807 EPIQ Systems, Inc.................................. 7,601 132,637 * ePlus, Inc......................................... 1,865 125,776 #* Exar Corp.......................................... 5,450 49,159 * ExlService Holdings, Inc........................... 4,360 128,097 * Fabrinet........................................... 2,390 39,029 * Fairchild Semiconductor International, Inc......... 20,705 317,822 * FARO Technologies, Inc............................. 696 38,524 #* Finisar Corp....................................... 8,566 155,387 * First Solar, Inc................................... 13,757 582,196 * FormFactor, Inc.................................... 7,140 53,907 * Frequency Electronics, Inc......................... 3,104 35,401 * GigOptix, Inc...................................... 613 705 * Global Cash Access Holdings, Inc................... 3,955 26,143 * GSE Systems, Inc................................... 2,922 4,851 * GSI Group, Inc..................................... 2,330 30,803 * GSI Technology, Inc................................ 2,792 14,128 Hackett Group, Inc. (The).......................... 7,272 55,122 * Harmonic, Inc...................................... 14,070 107,636 * Higher One Holdings, Inc........................... 1,295 4,286 #* Hutchinson Technology, Inc......................... 7,181 25,062 IAC/InterActiveCorp................................ 3,191 194,491 * ID Systems, Inc.................................... 601 3,961 * Identiv, Inc....................................... 629 7,932 * IEC Electronics Corp............................... 490 2,195 * II-VI, Inc......................................... 2,515 43,233 #* Imation Corp....................................... 9,733 36,596 * Ingram Micro, Inc. Class A......................... 24,100 606,838 * Insight Enterprises, Inc........................... 10,115 239,422 Integrated Silicon Solution, Inc................... 6,260 100,661 #* Internap Corp...................................... 13,820 116,364 Intersil Corp. Class A............................. 23,351 334,153 #* Intevac, Inc....................................... 5,464 35,516 * IntraLinks Holdings, Inc........................... 7,067 75,334 * IntriCon Corp...................................... 700 5,180 #* Itron, Inc......................................... 3,859 143,593 IXYS Corp.......................................... 7,733 87,383 1580 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) Jabil Circuit, Inc....................................... 30,115 $ 620,670 #* Kemet Corp............................................... 5,338 20,284 * Key Tronic Corp.......................................... 2,718 25,060 * Kimball Electronics, Inc................................. 2,613 26,600 #* Knowles Corp............................................. 6,526 138,416 * Kofax, Ltd............................................... 5,387 37,116 #* Kopin Corp............................................... 4,273 15,596 * Kulicke & Soffa Industries, Inc.......................... 12,945 196,376 * KVH Industries, Inc...................................... 2,050 24,805 * Lattice Semiconductor Corp............................... 26,134 186,335 # Lexmark International, Inc. Class A...................... 13,503 538,905 * Limelight Networks, Inc.................................. 11,505 30,603 * Magnachip Semiconductor Corp............................. 4,300 61,834 # ManTech International Corp. Class A...................... 4,084 132,853 Marvell Technology Group, Ltd............................ 66,777 1,034,376 Mentor Graphics Corp..................................... 17,435 401,179 * Mercury Systems, Inc..................................... 6,310 99,572 Methode Electronics, Inc................................. 4,018 145,331 * Microsemi Corp........................................... 14,274 397,674 MKS Instruments, Inc..................................... 12,591 440,811 #* ModusLink Global Solutions, Inc.......................... 11,199 40,428 #* Monster Worldwide, Inc................................... 11,431 47,210 #* MoSys, Inc............................................... 1,329 2,671 * Multi-Fineline Electronix, Inc........................... 2,514 32,707 * NAPCO Security Technologies, Inc......................... 1,627 8,086 * NCI, Inc. Class A........................................ 266 3,277 * NCR Corp................................................. 6,809 172,949 * NeoPhotonics Corp........................................ 1,818 5,454 * NETGEAR, Inc............................................. 5,300 178,981 * Newport Corp............................................. 6,601 122,251 #* Novatel Wireless, Inc.................................... 9,975 52,668 #* Oclaro, Inc.............................................. 3,894 5,568 * OmniVision Technologies, Inc............................. 12,822 346,707 * ON Semiconductor Corp.................................... 56,494 565,505 Optical Cable Corp....................................... 1,600 8,336 * OSI Systems, Inc......................................... 2,931 205,111 * PAR Technology Corp...................................... 4,662 26,760 Park Electrochemical Corp................................ 3,104 67,388 PC Connection, Inc....................................... 6,131 145,611 PC-Tel, Inc.............................................. 4,282 35,926 * PCM, Inc................................................. 2,562 24,339 Perceptron, Inc.......................................... 2,288 24,504 * Perficient, Inc.......................................... 4,412 79,416 * Pericom Semiconductor Corp............................... 6,875 100,444 * Photronics, Inc.......................................... 15,297 128,495 * Plexus Corp.............................................. 5,229 198,127 * PMC-Sierra, Inc.......................................... 33,280 294,195 * Polycom, Inc............................................. 21,074 280,284 #* PRGX Global, Inc......................................... 2,531 13,136 * Progress Software Corp................................... 7,545 189,002 * QLogic Corp.............................................. 14,580 194,789 * Qorvo, Inc............................................... 16,267 1,201,643 * Qualstar Corp............................................ 4,358 6,188 1581 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) * QuinStreet, Inc......................................... 987 $ 5,053 * Radisys Corp............................................ 6,105 14,164 * RealNetworks, Inc....................................... 9,390 66,012 Reis, Inc............................................... 442 9,945 # RF Industries, Ltd...................................... 681 3,058 Richardson Electronics, Ltd............................. 3,224 30,209 * Rofin-Sinar Technologies, Inc........................... 4,086 109,995 * Rogers Corp............................................. 3,014 222,614 * Rovi Corp............................................... 17,138 396,059 * Rudolph Technologies, Inc............................... 8,400 84,252 * Sanmina Corp............................................ 19,093 404,390 * ScanSource, Inc......................................... 4,730 163,090 #* Seachange International, Inc............................ 8,900 62,834 * ServiceSource International, Inc........................ 3,000 10,050 * Sigma Designs, Inc...................................... 7,808 49,659 * Silicon Image, Inc...................................... 8,559 62,138 #* Silicon Laboratories, Inc............................... 5,747 251,489 * SMTC Corp............................................... 1,377 2,286 * Spansion, Inc. Class A.................................. 5,057 179,321 * StarTek, Inc............................................ 5,100 48,093 * Super Micro Computer, Inc............................... 5,744 210,058 * support.com, Inc........................................ 7,652 14,998 * Sykes Enterprises, Inc.................................. 8,532 192,141 # SYNNEX Corp............................................. 8,357 620,006 #* Take-Two Interactive Software, Inc...................... 11,032 327,871 * Tech Data Corp.......................................... 9,639 550,387 * TechTarget, Inc......................................... 2,025 22,376 * TeleCommunication Systems, Inc. Class A................. 12,028 34,039 #* Telenav, Inc............................................ 3,850 24,948 * TeleTech Holdings, Inc.................................. 1,331 29,362 Tessco Technologies, Inc................................ 2,100 47,565 TheStreet, Inc.......................................... 6,043 12,569 #* TTM Technologies, Inc................................... 13,304 92,463 * Ultra Clean Holdings, Inc............................... 3,812 33,546 * United Online, Inc...................................... 3,447 45,500 * Viasystems Group, Inc................................... 4,052 64,873 # Vicon Industries, Inc................................... 1,400 2,170 * Video Display Corp...................................... 314 788 # Vishay Intertechnology, Inc............................. 30,254 412,059 * Vishay Precision Group, Inc............................. 2,563 42,648 * Westell Technologies, Inc. Class A...................... 6,981 8,726 * XO Group, Inc........................................... 3,862 63,491 * Zynga, Inc. Class A..................................... 12,599 32,253 ----------- Total Information Technology................................ 28,150,957 ----------- Materials -- (6.7%) A Schulman, Inc......................................... 6,300 219,555 #* AM Castle & Co.......................................... 4,052 24,515 Ampco-Pittsburgh Corp................................... 1,688 30,722 # Aptargroup, Inc......................................... 412 26,001 Axiall Corp............................................. 7,957 352,097 Bemis Co., Inc.......................................... 15,041 666,316 * Boise Cascade Co........................................ 4,174 168,797 1582 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Materials -- (Continued) Cabot Corp............................................... 4,772 $ 202,381 * Calgon Carbon Corp....................................... 7,936 156,577 * Century Aluminum Co...................................... 21,149 488,753 Chase Corp............................................... 1,329 47,578 * Chemtura Corp............................................ 14,030 305,714 * Clearwater Paper Corp.................................... 3,014 223,096 # Cliffs Natural Resources, Inc............................ 1,754 11,261 * Codexis, Inc............................................. 714 2,727 #* Coeur Mining, Inc........................................ 10,835 68,260 Commercial Metals Co..................................... 20,297 272,386 * Core Molding Technologies, Inc........................... 1,192 17,284 Cytec Industries, Inc.................................... 10,694 513,205 Domtar Corp.............................................. 7,864 301,191 Friedman Industries, Inc................................. 1,905 11,925 FutureFuel Corp.......................................... 4,449 48,895 * Graphic Packaging Holding Co............................. 25,654 371,470 Greif, Inc. Class A...................................... 1,593 60,853 Greif, Inc. Class B...................................... 400 17,524 Hawkins, Inc............................................. 556 21,412 # HB Fuller Co............................................. 8,035 330,640 # Hecla Mining Co.......................................... 1,648 5,422 #* Horsehead Holding Corp................................... 1,482 19,918 # Huntsman Corp............................................ 35,299 775,166 Innophos Holdings, Inc................................... 3,291 195,946 Innospec, Inc............................................ 3,681 145,289 Kaiser Aluminum Corp..................................... 2,000 138,620 KapStone Paper and Packaging Corp........................ 14,571 435,236 KMG Chemicals, Inc....................................... 1,201 25,125 * Kraton Performance Polymers, Inc......................... 3,961 76,606 # Kronos Worldwide, Inc.................................... 3,261 36,621 #* Louisiana-Pacific Corp................................... 20,716 339,121 * LSB Industries, Inc...................................... 2,118 66,166 Martin Marietta Materials, Inc........................... 4,793 516,398 Materion Corp............................................ 4,579 150,878 #* McEwen Mining, Inc....................................... 15,310 19,137 MeadWestvaco Corp........................................ 23,115 1,162,222 #* Mercer International, Inc................................ 8,307 105,333 Minerals Technologies, Inc............................... 5,305 346,576 Myers Industries, Inc.................................... 5,764 95,971 Noranda Aluminum Holding Corp............................ 7,711 23,364 * Northern Technologies International Corp................. 211 4,312 # Olin Corp................................................ 12,649 317,110 # Olympic Steel, Inc....................................... 1,817 24,911 OM Group, Inc............................................ 4,801 134,428 * OMNOVA Solutions, Inc.................................... 3,923 26,912 * Owens-Illinois, Inc...................................... 10,005 233,617 * Penford Corp............................................. 2,600 48,932 PH Glatfelter Co......................................... 8,975 205,258 Reliance Steel & Aluminum Co............................. 12,074 632,315 * Resolute Forest Products, Inc............................ 10,485 178,245 Rock-Tenn Co. Class A.................................... 17,997 1,168,005 * RTI International Metals, Inc............................ 5,081 113,306 # Schnitzer Steel Industries, Inc. Class A................. 5,128 86,561 1583 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Schweitzer-Mauduit International, Inc................. 4,530 $ 176,036 Sensient Technologies Corp............................ 1,457 88,877 Sonoco Products Co.................................... 13,783 609,209 Steel Dynamics, Inc................................... 37,548 639,818 Stepan Co............................................. 572 21,965 #* Stillwater Mining Co.................................. 6,969 95,266 SunCoke Energy, Inc................................... 11,986 180,989 Synalloy Corp......................................... 842 14,061 TimkenSteel Corp...................................... 3,982 107,514 * Trecora Resources..................................... 989 13,599 Tredegar Corp......................................... 6,224 133,131 # Tronox, Ltd. Class A.................................. 9,337 197,384 United States Lime & Minerals, Inc.................... 801 55,389 # United States Steel Corp.............................. 23,107 564,735 * Universal Stainless & Alloy Products, Inc............. 1,734 38,651 # Walter Energy, Inc.................................... 1,600 1,492 Zep, Inc.............................................. 664 10,637 ----------- Total Materials............................................ 15,762,915 ----------- Other -- (0.0%) o* Big 4 Ranch, Inc...................................... 300 -- o* Concord Camera Corp. Escrow Shares.................... 2,105 -- o#* Gerber Scientific, Inc. Escrow Shares................. 6,375 -- o* Petrocorp, Inc. Escrow Shares......................... 1,700 -- ----------- Total Other................................................ -- ----------- Real Estate Investment Trusts -- (0.0%) Geo Group, Inc. (The)................................. 807 35,121 ----------- Telecommunication Services -- (1.3%) # Atlantic Tele-Network, Inc............................ 1,744 115,854 #* Boingo Wireless, Inc.................................. 4,503 38,050 # Consolidated Communications Holdings, Inc............. 2,755 64,136 # Frontier Communications Corp.......................... 148,073 994,310 * General Communication, Inc. Class A................... 10,157 149,105 #* Hawaiian Telcom Holdco, Inc........................... 204 5,310 Inteliquent, Inc...................................... 300 5,046 #* Iridium Communications, Inc........................... 12,006 102,171 Lumos Networks Corp................................... 2,223 35,635 #* ORBCOMM, Inc.......................................... 3,283 18,254 * Premiere Global Services, Inc......................... 6,125 54,145 Shenandoah Telecommunications Co...................... 5,564 165,306 Spok Holdings, Inc.................................... 5,883 100,717 Telephone & Data Systems, Inc......................... 15,065 350,261 #* United States Cellular Corp........................... 4,855 168,906 * Vonage Holdings Corp.................................. 15,199 63,836 Windstream Holdings, Inc.............................. 93,739 745,225 ----------- Total Telecommunication Services........................... 3,176,267 ----------- Utilities -- (0.6%) Consolidated Water Co., Ltd........................... 2,550 27,668 * Dynegy, Inc........................................... 13,145 359,121 1584 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Utilities -- (Continued) # Genie Energy, Ltd. Class B....................... 1,745 $ 10,941 # Ormat Technologies, Inc.......................... 5,553 148,543 UGI Corp......................................... 25,460 941,765 ------------ Total Utilities........................................ 1,488,038 ------------ TOTAL COMMON STOCKS.................................... 196,235,785 ------------ RIGHTS/WARRANTS -- (0.0%) o* Ikanos Communications Rights 01/12/2015.......... 9,896 -- o* LGL Group, Inc. (The) Warrants 08/06/18.......... 1,000 8 o#* Magnum Hunter Resources Corp. Warrants 04/15/16.. 1,011 -- o* Southern Community Financial Corp. Contingent Value Rights................................... 6,200 5,740 TOTAL RIGHTS/WARRANTS.................................. 5,748 ------------ TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional Liquid Reserves, 0.089%......................................... 919,890 919,890 ------------ SECURITIES LENDING COLLATERAL -- (16.9%) (S)@ DFA Short Term Investment Fund................... 3,458,772 40,017,995 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $208,871,882)^^............................... $237,179,418 ============ 1585 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary....... $ 27,338,685 $ 2,446 -- $ 27,341,131 Consumer Staples............. 6,533,377 -- -- 6,533,377 Energy....................... 14,175,390 -- -- 14,175,390 Financials................... 50,782,255 -- -- 50,782,255 Health Care.................. 11,481,853 -- -- 11,481,853 Industrials.................. 37,308,481 -- -- 37,308,481 Information Technology....... 28,150,957 -- -- 28,150,957 Materials.................... 15,762,915 -- -- 15,762,915 Other........................ -- -- -- -- Real Estate Investment Trusts.................... 35,121 -- -- 35,121 Telecommunication Services... 3,176,267 -- -- 3,176,267 Utilities.................... 1,488,038 -- -- 1,488,038 Rights/Warrants................. -- 5,748 -- 5,748 Temporary Cash Investments...... 919,890 -- -- 919,890 Securities Lending Collateral... -- 40,017,995 -- 40,017,995 ------------ ----------- -- ------------ TOTAL........................... $197,153,229 $40,026,189 -- $237,179,418 ============ =========== == ============ 1586 VA U.S. LARGE VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (94.1%) Consumer Discretionary -- (12.3%) # Autoliv, Inc....................................... 899 $ 95,348 Best Buy Co., Inc.................................. 2,919 102,749 Carnival Corp...................................... 16,704 734,308 # CBS Corp. Class A.................................. 1,014 56,738 Comcast Corp. Class A.............................. 128,134 6,809,681 # Comcast Corp. Special Class A...................... 35,244 1,864,408 Dillard's, Inc. Class A............................ 2,510 285,136 DR Horton, Inc..................................... 13,716 336,316 Ford Motor Co...................................... 77,694 1,142,879 # GameStop Corp. Class A............................. 7,763 273,646 Gannett Co., Inc................................... 2,857 88,595 General Motors Co.................................. 55,756 1,818,761 Graham Holdings Co. Class B........................ 493 461,113 #* Hyatt Hotels Corp. Class A......................... 971 54,628 Johnson Controls, Inc.............................. 2,192 101,862 # Kohl's Corp........................................ 13,653 815,357 Lear Corp.......................................... 3,298 330,954 # Lennar Corp. Class A............................... 5,793 260,164 #* Liberty Broadband Corp............................. 891 39,560 #* Liberty Broadband Corp. Class A.................... 502 22,324 * Liberty Interactive Corp. Class A.................. 36,795 1,006,711 * Liberty Media Corp................................. 4,280 146,034 * Liberty Media Corp. Class A........................ 2,140 72,867 * Liberty Ventures Series A.......................... 8,061 301,078 * Madison Square Garden Co. (The) Class A............ 1,668 126,351 #* MGM Resorts International.......................... 34,460 671,281 * Mohawk Industries, Inc............................. 4,096 676,004 * News Corp. Class A................................. 4,308 64,146 * News Corp. Class B................................. 1,165 16,823 * Norwegian Cruise Line Holdings, Ltd................ 2,135 93,428 Penske Automotive Group, Inc....................... 2,046 98,924 PulteGroup, Inc.................................... 3,687 75,915 PVH Corp........................................... 1,870 206,186 Royal Caribbean Cruises, Ltd....................... 15,066 1,138,236 # Service Corp. International........................ 7,284 164,837 # Staples, Inc....................................... 29,992 511,364 Target Corp........................................ 15,828 1,165,099 Time Warner Cable, Inc............................. 24,305 3,308,640 Time Warner, Inc................................... 63,695 4,963,751 #* Toll Brothers, Inc................................. 3,219 111,442 * TRW Automotive Holdings Corp....................... 499 51,482 Whirlpool Corp..................................... 1,416 281,897 ----------- Total Consumer Discretionary........................... 30,947,023 ----------- Consumer Staples -- (6.4%) Archer-Daniels-Midland Co.......................... 31,138 1,451,965 Bunge, Ltd......................................... 8,462 757,603 ConAgra Foods, Inc................................. 12,745 451,555 CVS Health Corp.................................... 90,507 8,884,167 Energizer Holdings, Inc............................ 681 87,175 # Ingredion, Inc..................................... 2,066 166,602 1587 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Staples -- (Continued) JM Smucker Co. (The)............................... 7,290 $ 751,963 Molson Coors Brewing Co. Class B................... 7,374 559,908 Mondelez International, Inc. Class A............... 59,603 2,100,410 Pinnacle Foods, Inc................................ 2,366 85,105 Tyson Foods, Inc. Class A.......................... 22,276 869,655 ----------- Total Consumer Staples................................. 16,166,108 ----------- Energy -- (17.6%) Anadarko Petroleum Corp............................ 34,279 2,802,308 Apache Corp........................................ 24,596 1,538,972 Baker Hughes, Inc.................................. 25,153 1,458,622 #* California Resources Corp.......................... 15,973 81,782 # Chesapeake Energy Corp............................. 44,058 845,032 Chevron Corp....................................... 73,261 7,511,450 Cimarex Energy Co.................................. 2,729 281,633 ConocoPhillips..................................... 90,588 5,705,232 CONSOL Energy, Inc................................. 2,353 68,119 Devon Energy Corp.................................. 22,345 1,346,733 # Diamond Offshore Drilling, Inc..................... 3,572 112,625 Exxon Mobil Corp................................... 81,037 7,084,255 # Helmerich & Payne, Inc............................. 7,317 435,800 # Hess Corp.......................................... 14,990 1,011,675 HollyFrontier Corp................................. 8,606 309,128 Marathon Oil Corp.................................. 47,236 1,256,478 Marathon Petroleum Corp............................ 22,670 2,099,015 # Murphy Oil Corp.................................... 9,705 435,852 National Oilwell Varco, Inc........................ 22,622 1,231,315 * Newfield Exploration Co............................ 4,593 136,780 # Noble Corp. P.L.C.................................. 13,357 216,651 Occidental Petroleum Corp.......................... 36,923 2,953,840 Phillips 66........................................ 20,906 1,470,110 QEP Resources, Inc................................. 11,237 227,212 # Tesoro Corp........................................ 10,375 847,949 # Transocean, Ltd.................................... 18,781 306,130 Valero Energy Corp................................. 36,441 1,927,000 * Weatherford International P.L.C.................... 26,999 278,900 * Whiting Petroleum Corp............................. 4,361 130,917 ----------- Total Energy........................................... 44,111,515 ----------- Financials -- (18.9%) ACE, Ltd........................................... 3,061 330,466 Aflac, Inc......................................... 10,093 576,108 * Alleghany Corp..................................... 328 145,006 Allied World Assurance Co. Holdings AG............. 7,389 285,733 Allstate Corp. (The)............................... 14,774 1,031,077 American Financial Group, Inc...................... 6,402 371,572 American International Group, Inc.................. 42,855 2,094,324 American National Insurance Co..................... 859 89,370 * Arch Capital Group, Ltd............................ 3,129 181,388 Assurant, Inc...................................... 5,034 319,709 Assured Guaranty, Ltd.............................. 9,186 224,322 Axis Capital Holdings, Ltd......................... 7,502 381,852 1588 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Bank of America Corp............................... 217,854 $3,300,488 Bank of New York Mellon Corp. (The)................ 31,543 1,135,548 BB&T Corp.......................................... 9,527 336,208 Capital One Financial Corp......................... 27,950 2,046,220 # Chubb Corp. (The).................................. 2,468 241,617 # Cincinnati Financial Corp.......................... 3,619 182,796 CIT Group, Inc..................................... 3,856 168,970 Citigroup, Inc..................................... 58,371 2,740,518 City National Corp................................. 432 37,450 CME Group, Inc..................................... 9,371 799,346 # CNA Financial Corp................................. 5,960 232,202 # Comerica, Inc...................................... 1,994 82,751 * E*TRADE Financial Corp............................. 6,480 149,364 Everest Re Group, Ltd.............................. 2,246 384,919 Fifth Third Bancorp................................ 34,660 599,618 * Genworth Financial, Inc. Class A................... 31,131 217,294 Goldman Sachs Group, Inc. (The).................... 17,106 2,949,245 Hartford Financial Services Group, Inc. (The)...... 33,464 1,301,750 HCC Insurance Holdings, Inc........................ 3,427 182,796 Huntington Bancshares, Inc......................... 14,017 140,450 Intercontinental Exchange, Inc..................... 831 170,962 JPMorgan Chase & Co................................ 135,525 7,369,849 KeyCorp............................................ 16,937 220,012 Legg Mason, Inc.................................... 6,487 359,639 Leucadia National Corp............................. 3,761 85,262 # Lincoln National Corp.............................. 16,191 809,226 Loews Corp......................................... 17,653 675,404 # M&T Bank Corp...................................... 1,500 169,740 * Markel Corp........................................ 268 183,140 MetLife, Inc....................................... 22,403 1,041,740 Morgan Stanley..................................... 36,033 1,218,276 NASDAQ OMX Group, Inc. (The)....................... 8,336 380,122 Navient Corp....................................... 10,260 202,532 # Old Republic International Corp.................... 10,600 148,824 PartnerRe, Ltd..................................... 3,457 395,481 # People's United Financial, Inc..................... 5,909 83,140 PNC Financial Services Group, Inc. (The)........... 13,379 1,131,061 Principal Financial Group, Inc..................... 9,535 447,478 Protective Life Corp............................... 1,161 81,212 Prudential Financial, Inc.......................... 8,742 663,343 Regions Financial Corp............................. 75,449 656,406 Reinsurance Group of America, Inc.................. 3,963 328,176 RenaissanceRe Holdings, Ltd........................ 1,349 129,005 State Street Corp.................................. 2,417 172,840 SunTrust Banks, Inc................................ 16,243 624,056 Torchmark Corp..................................... 1,948 97,536 Travelers Cos., Inc. (The)......................... 12,448 1,279,903 Unum Group......................................... 17,813 553,272 # Validus Holdings, Ltd.............................. 2,919 115,738 Voya Financial, Inc................................ 6,430 250,834 Wells Fargo & Co................................... 65,666 3,409,379 # WR Berkley Corp.................................... 1,282 62,805 XL Group P.L.C..................................... 13,379 461,442 1589 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # Zions Bancorporation............................... 9,905 $ 237,324 ----------- Total Financials....................................... 47,475,636 ----------- Health Care -- (10.4%) #* Actavis P.L.C...................................... 2,763 736,450 Aetna, Inc......................................... 26,138 2,399,991 Anthem, Inc........................................ 19,421 2,621,058 #* Bio-Rad Laboratories, Inc. Class A................. 250 28,618 * Boston Scientific Corp............................. 85,901 1,272,194 * Brookdale Senior Living, Inc....................... 2,930 98,888 * CareFusion Corp.................................... 16,484 977,501 Cigna Corp......................................... 4,859 519,087 #* Community Health Systems, Inc...................... 3,728 175,477 * Express Scripts Holding Co......................... 39,970 3,225,979 * Hologic, Inc....................................... 16,558 502,784 Humana, Inc........................................ 9,228 1,351,348 * Mallinckrodt P.L.C................................. 2,403 254,694 * MEDNAX, Inc........................................ 1,393 94,571 Omnicare, Inc...................................... 8,919 668,747 Pfizer, Inc........................................ 245,654 7,676,687 # Quest Diagnostics, Inc............................. 3,360 238,795 # Teleflex, Inc...................................... 1,338 146,591 Thermo Fisher Scientific, Inc...................... 14,252 1,784,493 UnitedHealth Group, Inc............................ 11,882 1,262,462 ----------- Total Health Care...................................... 26,036,415 ----------- Industrials -- (11.6%) # ADT Corp. (The).................................... 14,301 491,954 #* AECOM.............................................. 1,505 38,257 # AGCO Corp.......................................... 4,499 194,987 # Air Lease Corp..................................... 4,092 142,975 Alaska Air Group, Inc.............................. 1,820 123,523 # Alliant Techsystems, Inc........................... 1,175 153,114 * AMERCO............................................. 367 105,002 #* Avis Budget Group, Inc............................. 4,466 255,946 #* B/E Aerospace, Inc................................. 707 41,239 Carlisle Cos., Inc................................. 938 84,120 CSX Corp........................................... 72,868 2,426,504 Danaher Corp....................................... 4,500 370,710 Eaton Corp. P.L.C.................................. 9,733 614,055 FedEx Corp......................................... 10,397 1,758,237 General Electric Co................................ 321,809 7,688,017 * Genesee & Wyoming, Inc. Class A.................... 887 73,133 * Hertz Global Holdings, Inc......................... 18,247 374,428 Ingersoll-Rand P.L.C............................... 1,624 107,834 * Jacobs Engineering Group, Inc...................... 3,296 125,578 #* JetBlue Airways Corp............................... 12,877 216,205 # Joy Global, Inc.................................... 3,822 160,295 # Kansas City Southern............................... 2,236 246,161 KAR Auction Services, Inc.......................... 2,730 93,120 * Kirby Corp......................................... 1,288 93,367 L-3 Communications Holdings, Inc. 6,523 803,112 1590 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Manpowergroup, Inc................................. 2,235 $ 162,887 Nielsen NV......................................... 9,787 426,322 Norfolk Southern Corp.............................. 21,811 2,224,068 Northrop Grumman Corp.............................. 14,791 2,321,447 Oshkosh Corp....................................... 903 38,694 Owens Corning...................................... 7,765 310,988 # Pentair P.L.C...................................... 8,073 498,992 Precision Castparts Corp........................... 1,428 285,743 * Quanta Services, Inc............................... 9,951 263,503 Republic Services, Inc............................. 21,571 855,937 # Ryder System, Inc.................................. 1,931 159,868 Southwest Airlines Co.............................. 56,310 2,544,086 SPX Corp........................................... 1,596 133,378 Stanley Black & Decker, Inc........................ 10,159 951,390 Textron, Inc....................................... 5,310 225,994 Timken Co. (The)................................... 2,435 92,554 Towers Watson & Co. Class A........................ 898 106,413 # Trinity Industries, Inc............................ 4,943 130,841 Union Pacific Corp................................. 3,324 389,606 #* Veritiv Corp....................................... 447 22,739 Waste Connections, Inc............................. 1,870 80,821 ----------- Total Industrials...................................... 29,008,144 ----------- Information Technology -- (9.0%) Activision Blizzard, Inc........................... 42,251 882,835 Amdocs, Ltd........................................ 3,520 169,594 * Arrow Electronics, Inc............................. 7,438 409,387 Avnet, Inc......................................... 9,270 385,817 Brocade Communications Systems, Inc................ 11,455 127,380 CA, Inc............................................ 15,262 462,439 Cisco Systems, Inc................................. 154,684 4,078,244 Computer Sciences Corp............................. 2,829 171,664 Corning, Inc....................................... 32,465 771,693 * EchoStar Corp. Class A............................. 1,868 97,453 EMC Corp........................................... 11,290 292,750 Fidelity National Information Services, Inc........ 18,927 1,181,613 #* First Solar, Inc................................... 3,441 145,623 Hewlett-Packard Co................................. 124,772 4,508,012 IAC/InterActiveCorp................................ 3,760 229,172 * Ingram Micro, Inc. Class A......................... 9,505 239,336 Intel Corp......................................... 123,454 4,078,920 # Jabil Circuit, Inc................................. 5,602 115,457 Juniper Networks, Inc.............................. 12,004 272,851 Lam Research Corp.................................. 4,689 358,427 Marvell Technology Group, Ltd...................... 6,620 102,544 #* Micron Technology, Inc............................. 38,797 1,135,394 * NCR Corp........................................... 3,380 85,852 # NVIDIA Corp........................................ 13,052 250,664 Teradyne, Inc...................................... 13,347 241,581 Western Digital Corp............................... 3,344 325,137 Xerox Corp......................................... 80,903 1,065,492 1591 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Yahoo!, Inc....................................... 9,941 $ 437,304 ------------ Total Information Technology............................ 22,622,635 ------------ Materials -- (3.3%) Alcoa, Inc........................................ 50,716 793,705 # Ashland, Inc...................................... 3,460 410,079 Bemis Co., Inc.................................... 3,857 170,865 CF Industries Holdings, Inc....................... 673 205,521 Dow Chemical Co. (The)............................ 11,458 517,443 Eastman Chemical Co............................... 3,672 260,308 Freeport-McMoRan, Inc............................. 60,187 1,011,744 International Paper Co............................ 23,394 1,231,928 MeadWestvaco Corp................................. 11,981 602,405 Mosaic Co. (The).................................. 9,245 450,139 Newmont Mining Corp............................... 14,284 359,243 Nucor Corp........................................ 12,518 546,411 Reliance Steel & Aluminum Co...................... 4,944 258,917 Rock-Tenn Co. Class A............................. 4,657 302,239 Sonoco Products Co................................ 3,298 145,772 Steel Dynamics, Inc............................... 19,537 332,911 # United States Steel Corp.......................... 1,526 37,295 # Vulcan Materials Co............................... 8,108 571,695 ------------ Total Materials......................................... 8,208,620 ------------ Telecommunication Services -- (4.2%) # AT&T, Inc......................................... 259,622 8,546,756 CenturyLink, Inc.................................. 30,776 1,143,944 # Frontier Communications Corp...................... 52,082 349,731 #* Sprint Corp....................................... 13,022 55,995 #* T-Mobile US, Inc.................................. 5,844 176,372 #* United States Cellular Corp....................... 2,591 90,141 Windstream Holdings, Inc.......................... 27,852 221,423 ------------ Total Telecommunication Services........................ 10,584,362 ------------ Utilities -- (0.4%) * Calpine Corp...................................... 12,723 265,656 NRG Energy, Inc................................... 20,677 509,895 UGI Corp.......................................... 5,227 193,347 ------------ Total Utilities......................................... 968,898 ------------ TOTAL COMMON STOCKS..................................... 236,129,356 ------------ TEMPORARY CASH INVESTMENTS -- (0.8%) State Street Institutional Liquid Reserves, 0.089%................................ 2,060,991 2,060,991 ------------ SECURITIES LENDING COLLATERAL -- (5.1%) (S)@ DFA Short Term Investment Fund.................... 1,100,245 12,729,841 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $188,771,991)^^..... $250,920,188 ============ 1592 VA U.S. LARGE VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary........ $ 30,947,023 -- -- $ 30,947,023 Consumer Staples.............. 16,166,108 -- -- 16,166,108 Energy........................ 44,111,515 -- -- 44,111,515 Financials.................... 47,475,636 -- -- 47,475,636 Health Care................... 26,036,415 -- -- 26,036,415 Industrials................... 29,008,144 -- -- 29,008,144 Information Technology........ 22,622,635 -- -- 22,622,635 Materials..................... 8,208,620 -- -- 8,208,620 Telecommunication Services.... 10,584,362 -- -- 10,584,362 Utilities..................... 968,898 -- -- 968,898 Temporary Cash Investments....... 2,060,991 -- -- 2,060,991 Securities Lending Collateral.... -- $12,729,841 -- 12,729,841 ------------ ----------- -- ------------ TOTAL............................ $238,190,347 $12,729,841 -- $250,920,188 ============ =========== == ============ 1593 VA INTERNATIONAL VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------ ---------- COMMON STOCKS -- (95.8%) AUSTRALIA -- (5.6%) * Alumina, Ltd............................................. 82,818 $ 123,963 AMP, Ltd................................................. 6,451 28,769 Asciano, Ltd............................................. 80,340 374,042 ASX, Ltd................................................. 2,413 71,318 Bank of Queensland, Ltd.................................. 12,131 117,511 # Bendigo and Adelaide Bank, Ltd........................... 15,415 159,638 BHP Billiton, Ltd........................................ 19,077 440,006 BHP Billiton, Ltd. Sponsored ADR......................... 1,400 64,862 * BlueScope Steel, Ltd..................................... 19,752 76,519 Boral, Ltd............................................... 32,205 139,388 Caltex Australia, Ltd.................................... 4,636 119,981 Echo Entertainment Group, Ltd............................ 17,525 54,758 # Fortescue Metals Group, Ltd.............................. 29,895 54,208 Incitec Pivot, Ltd....................................... 57,564 160,553 # Leighton Holdings, Ltd................................... 1,194 19,001 Lend Lease Group......................................... 20,937 269,870 Macquarie Group, Ltd..................................... 22,643 1,095,546 # Metcash, Ltd............................................. 16,815 18,982 National Australia Bank, Ltd............................. 49,298 1,359,561 New Hope Corp., Ltd...................................... 2,727 4,969 * Newcrest Mining, Ltd..................................... 43,866 473,641 Orica, Ltd............................................... 9,378 131,637 Origin Energy, Ltd....................................... 29,313 241,886 Primary Health Care, Ltd................................. 19,378 69,403 * Qantas Airways, Ltd...................................... 54,125 109,066 # QBE Insurance Group, Ltd................................. 52,642 431,552 Rio Tinto, Ltd........................................... 9,564 426,479 Santos, Ltd.............................................. 77,215 470,087 Seven West Media, Ltd.................................... 4,165 4,222 Sims Metal Management, Ltd............................... 3,933 33,088 Suncorp Group, Ltd....................................... 46,463 529,389 Tabcorp Holdings, Ltd.................................... 30,020 106,107 Tatts Group, Ltd......................................... 62,129 185,934 # Toll Holdings, Ltd....................................... 39,495 188,866 Treasury Wine Estates, Ltd............................... 22,039 83,788 Washington H Soul Pattinson & Co., Ltd................... 924 9,308 Wesfarmers, Ltd.......................................... 38,048 1,285,163 Woodside Petroleum, Ltd.................................. 10,309 273,797 WorleyParsons, Ltd....................................... 2,603 19,366 ---------- TOTAL AUSTRALIA.............................................. 9,826,224 ---------- AUSTRIA -- (0.1%) Erste Group Bank AG...................................... 7,366 159,468 OMV AG................................................... 2,219 55,166 # Raiffeisen Bank International AG......................... 3,171 37,054 ---------- TOTAL AUSTRIA 251,688 ---------- BELGIUM -- (1.6%) Ageas.................................................... 8,328 285,176 Belgacom SA.............................................. 4,459 166,072 Colruyt SA............................................... 2,739 126,331 1594 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- BELGIUM -- (Continued) Delhaize Group SA........................................ 7,426 $ 617,742 * KBC Groep NV............................................. 6,414 344,977 Solvay SA................................................ 4,527 618,916 UCB SA................................................... 5,259 408,828 Umicore SA............................................... 6,317 264,563 ---------- TOTAL BELGIUM................................................ 2,832,605 ---------- CANADA -- (8.2%) Agnico Eagle Mines, Ltd.(008474108)...................... 7,470 251,888 # Agnico Eagle Mines, Ltd.(2009823)........................ 1,400 47,199 Agrium, Inc.............................................. 5,919 631,261 Bank of Montreal......................................... 6,408 368,332 Barrick Gold Corp.(067901108)............................ 68,283 872,657 Barrick Gold Corp.(2024644).............................. 5,399 69,044 #* BlackBerry, Ltd.(09228F103).............................. 8,930 90,639 #* BlackBerry, Ltd.(BCBHZ31)................................ 4,071 41,360 # Bonavista Energy Corp.................................... 4,088 19,303 Cameco Corp.............................................. 10,896 152,762 Canadian Natural Resources, Ltd.(2171573)................ 2,781 80,626 Canadian Natural Resources, Ltd.(136385101).............. 48,030 1,389,988 Canadian Oil Sands, Ltd.................................. 5,520 34,101 # Canadian Tire Corp., Ltd. Class A........................ 5,217 481,137 * Catamaran Corp.(B3N9ZT8)................................. 2,552 127,370 * Catamaran Corp.(B8J4N87)................................. 1,000 49,933 Cenovus Energy, Inc...................................... 32,749 618,629 Crescent Point Energy Corp.(B67C8W8)..................... 11,684 277,687 Crescent Point Energy Corp.(22576C101)................... 4,063 96,456 Eldorado Gold Corp....................................... 18,295 87,450 Empire Co., Ltd.......................................... 1,200 87,353 Encana Corp.............................................. 48,132 589,136 # Enerplus Corp.(B584T89).................................. 5,540 53,756 Enerplus Corp.(292766102)................................ 4,121 40,386 Ensign Energy Services, Inc.............................. 3,653 25,327 Fairfax Financial Holdings, Ltd.......................... 1,047 556,170 First Quantum Minerals, Ltd.............................. 32,330 294,880 # Genworth MI Canada, Inc.................................. 2,885 71,790 George Weston, Ltd....................................... 2,995 237,394 Goldcorp, Inc.(380956409)................................ 7,890 189,597 Goldcorp, Inc.(2676302).................................. 4,600 111,099 Husky Energy, Inc........................................ 15,610 335,983 # Industrial Alliance Insurance & Financial Services, Inc.. 4,674 148,824 * Kinross Gold Corp........................................ 39,783 134,937 Loblaw Cos., Ltd......................................... 2,435 120,974 * Lundin Mining Corp....................................... 17,290 61,502 Manulife Financial Corp.(56501R106)...................... 17,904 287,896 Manulife Financial Corp.(2492519)........................ 41,820 670,726 * MEG Energy Corp.......................................... 3,498 53,350 # Pacific Rubiales Energy Corp............................. 15,451 35,870 Pan American Silver Corp.(697900108)..................... 3,470 40,460 Pan American Silver Corp.(2669272)....................... 1,700 19,907 # Pengrowth Energy Corp.................................... 20,774 55,585 # Penn West Petroleum, Ltd................................. 13,997 21,149 Precision Drilling Corp.(B5YPLH9)........................ 8,434 43,076 1595 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) Precision Drilling Corp.(74022D308)..................... 12,207 $ 62,256 # Sun Life Financial, Inc................................. 17,404 532,242 Suncor Energy, Inc.(867224107).......................... 16,680 497,231 Suncor Energy, Inc.(B3NB1P2)............................ 51,054 1,522,741 Talisman Energy, Inc.(87425E103)........................ 39,863 299,770 Talisman Energy, Inc.(2068299).......................... 19,748 148,883 Teck Resources, Ltd. Class B(878742204)................. 3,149 40,559 Teck Resources, Ltd. Class B(2879327)................... 17,290 223,830 # Thomson Reuters Corp.................................... 14,747 565,880 * Tourmaline Oil Corp..................................... 1,640 45,095 TransAlta Corp.(2901628)................................ 7,800 68,258 TransAlta Corp.(89346D107).............................. 10,573 92,302 Trican Well Service, Ltd................................ 3,300 12,725 * Turquoise Hill Resources, Ltd........................... 8,620 25,032 # Whitecap Resources, Inc................................. 3,935 38,430 Yamana Gold, Inc........................................ 27,400 113,421 ----------- TOTAL CANADA................................................ 14,363,604 ----------- DENMARK -- (1.3%) AP Moeller - Maersk A.S. Class A........................ 150 293,533 AP Moeller - Maersk A.S. Class B........................ 285 575,913 Carlsberg A.S. Class B.................................. 5,598 411,064 Danske Bank A.S......................................... 9,383 242,854 # FLSmidth & Co. A.S...................................... 1,010 42,673 H Lundbeck A.S.......................................... 1,633 33,166 * Jyske Bank A.S.......................................... 2,796 126,556 Rockwool International A.S. Class B..................... 152 16,231 TDC A.S................................................. 56,370 417,183 * Vestas Wind Systems A.S................................. 3,089 120,019 ----------- TOTAL DENMARK............................................... 2,279,192 ----------- FINLAND -- (0.9%) Fortum Oyj.............................................. 34,596 737,958 Kesko Oyj Class B....................................... 2,106 76,958 Neste Oil Oyj........................................... 6,224 173,080 Stora Enso Oyj Class R.................................. 42,234 409,772 UPM-Kymmene Oyj......................................... 14,810 260,321 ----------- TOTAL FINLAND............................................... 1,658,089 ----------- FRANCE -- (8.4%) AXA SA.................................................. 66,570 1,557,202 BNP Paribas SA.......................................... 15,022 788,735 Bollore SA(4572709)..................................... 27,000 116,205 * Bollore SA(BQR9N80)..................................... 100 418 Bouygues SA............................................. 14,374 512,218 Casino Guichard Perrachon SA............................ 4,693 425,760 Cie de Saint-Gobain..................................... 25,604 1,090,748 Cie Generale des Etablissements Michelin................ 3,338 325,061 CNP Assurances.......................................... 13,107 230,100 Credit Agricole SA...................................... 14,671 173,993 Eiffage SA.............................................. 524 25,512 Electricite de France SA................................ 8,531 231,267 1596 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) GDF Suez................................................ 60,109 $ 1,333,120 Lafarge SA.............................................. 10,081 690,706 Lagardere SCA........................................... 3,821 104,508 Natixis SA.............................................. 45,834 291,503 Orange SA............................................... 76,407 1,344,234 * Peugeot SA.............................................. 26,590 383,279 Renault SA.............................................. 14,931 1,141,122 Rexel SA................................................ 13,254 247,634 SCOR SE................................................. 6,437 200,383 Societe Generale SA..................................... 19,351 777,065 STMicroelectronics NV................................... 40,080 332,799 Total SA................................................ 23,291 1,195,540 Vallourec SA............................................ 5,759 124,953 Vicat................................................... 80 5,618 Vivendi SA.............................................. 44,817 1,059,817 ----------- TOTAL FRANCE................................................ 14,709,500 ----------- GERMANY -- (7.7%) Allianz SE.............................................. 14,626 2,411,701 Allianz SE ADR.......................................... 42,793 706,085 Bayerische Motoren Werke AG............................. 15,171 1,764,245 Bilfinger SE............................................ 437 22,830 * Commerzbank AG.......................................... 28,761 344,824 Daimler AG.............................................. 40,269 3,646,953 Deutsche Bank AG........................................ 20,495 594,921 Deutsche Lufthansa AG................................... 14,362 242,918 E.ON SE................................................. 42,353 655,622 Fraport AG Frankfurt Airport Services Worldwide......... 2,675 163,449 Hannover Rueck SE....................................... 1,458 130,677 HeidelbergCement AG..................................... 8,175 601,182 K+S AG.................................................. 9,475 299,156 * Metro AG................................................ 8,205 252,480 Muenchener Rueckversicherungs-Gesellschaft AG........... 5,175 1,037,492 * Osram Licht AG.......................................... 894 41,096 RWE AG.................................................. 2,682 74,397 * Talanx AG............................................... 4,291 130,688 Telefonica Deutschland Holding AG....................... 22,387 124,198 Volkswagen AG........................................... 1,324 293,962 ----------- TOTAL GERMANY............................................... 13,538,876 ----------- HONG KONG -- (2.8%) Cathay Pacific Airways, Ltd............................. 86,000 199,983 Guoco Group, Ltd........................................ 1,000 11,797 Hang Lung Group, Ltd.................................... 29,000 138,293 Hang Lung Properties, Ltd............................... 31,000 90,751 Henderson Land Development Co., Ltd..................... 18,742 134,211 Hongkong & Shanghai Hotels (The)........................ 19,052 27,256 Hopewell Holdings, Ltd.................................. 19,000 71,205 Hutchison Whampoa, Ltd.................................. 78,000 1,032,265 Kerry Logistics Network, Ltd............................ 7,750 11,820 Kerry Properties, Ltd................................... 30,000 106,585 MTR Corp., Ltd.......................................... 28,000 124,041 1597 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) New World Development Co., Ltd.......................... 478,474 $ 571,692 Orient Overseas International, Ltd...................... 9,000 58,653 Shangri-La Asia, Ltd.................................... 86,000 111,417 Sino Land Co., Ltd...................................... 47,388 79,491 Sun Hung Kai Properties, Ltd............................ 56,362 915,691 Swire Pacific, Ltd. Class A............................. 26,000 348,181 Swire Pacific, Ltd. Class B............................. 22,500 54,966 Wharf Holdings, Ltd. (The).............................. 59,635 485,034 Wheelock & Co., Ltd..................................... 61,000 345,910 ---------- TOTAL HONG KONG............................................. 4,919,242 ---------- IRELAND -- (0.2%) * Bank of Ireland......................................... 624,908 188,078 #* Bank of Ireland Sponsored ADR........................... 5,075 61,204 CRH P.L.C. Sponsored ADR................................ 4,156 100,326 ---------- TOTAL IRELAND............................................... 349,608 ---------- ISRAEL -- (0.5%) Bank Hapoalim BM........................................ 74,220 329,689 * Bank Leumi Le-Israel BM................................. 51,693 172,339 * Israel Discount Bank, Ltd. Class A...................... 34,311 53,607 * Mizrahi Tefahot Bank, Ltd............................... 5,621 61,340 Paz Oil Co., Ltd........................................ 104 13,308 Teva Pharmaceutical Industries, Ltd. Sponsored ADR...... 4,269 242,736 ---------- TOTAL ISRAEL................................................ 873,019 ---------- ITALY -- (1.8%) * Banca Monte dei Paschi di Siena SpA..................... 97,370 44,021 * Banco Popolare SC....................................... 5,617 70,885 Eni SpA................................................. 19,514 328,393 * Finmeccanica SpA........................................ 2,138 23,350 Intesa Sanpaolo SpA..................................... 175,921 514,439 Mediobanca SpA.......................................... 30,536 264,509 #* Telecom Italia SpA...................................... 263,312 305,960 * Telecom Italia SpA Sponsored ADR........................ 24,800 285,200 UniCredit SpA........................................... 140,141 826,167 Unione di Banche Italiane SCPA.......................... 79,921 549,721 ---------- TOTAL ITALY................................................. 3,212,645 ---------- JAPAN -- (20.0%) 77 Bank, Ltd. (The)..................................... 9,000 49,774 Aeon Co., Ltd........................................... 50,000 528,107 Aisin Seiki Co., Ltd.................................... 10,500 366,824 Alfresa Holdings Corp................................... 5,600 66,393 Amada Co., Ltd.......................................... 10,100 92,052 Aoyama Trading Co., Ltd................................. 1,900 63,858 Asahi Glass Co., Ltd.................................... 30,000 159,599 Asahi Kasei Corp........................................ 87,000 859,217 Bank of Kyoto, Ltd. (The)............................... 9,000 75,453 Bank of Yokohama, Ltd. (The)............................ 52,000 280,585 Canon Marketing Japan, Inc.............................. 2,000 36,342 Chiba Bank, Ltd. (The).................................. 25,000 168,479 1598 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Chugoku Bank, Ltd. (The)................................ 5,400 $ 76,814 Citizen Holdings Co., Ltd............................... 13,400 106,960 Coca-Cola East Japan Co., Ltd........................... 2,800 46,620 Coca-Cola West Co., Ltd................................. 2,800 40,049 # Cosmo Oil Co., Ltd...................................... 34,000 45,842 Dai Nippon Printing Co., Ltd............................ 26,000 233,828 Dai-ichi Life Insurance Co., Ltd. (The)................. 25,900 346,998 Daicel Corp............................................. 6,000 74,599 # Daido Steel Co., Ltd.................................... 15,000 58,753 # Daihatsu Motor Co., Ltd................................. 7,500 104,584 Daiichi Sankyo Co., Ltd................................. 16,700 242,273 Denki Kagaku Kogyo K.K.................................. 16,000 63,042 DIC Corp................................................ 29,000 71,798 Ebara Corp.............................................. 15,000 57,696 Fuji Media Holdings, Inc................................ 1,800 22,627 FUJIFILM Holdings Corp.................................. 13,100 442,750 Fujikura, Ltd........................................... 5,000 20,773 Fukuoka Financial Group, Inc............................ 25,000 124,769 # Fukuyama Transporting Co., Ltd.......................... 8,000 44,732 # Furukawa Electric Co., Ltd.............................. 19,000 31,606 Glory, Ltd.............................................. 1,200 31,448 Gunma Bank, Ltd. (The).................................. 12,000 78,900 H2O Retailing Corp...................................... 3,000 52,990 Hachijuni Bank, Ltd. (The).............................. 17,000 112,030 Hankyu Hanshin Holdings, Inc............................ 38,000 211,220 Hiroshima Bank, Ltd. (The).............................. 20,000 99,484 Hitachi Capital Corp.................................... 1,100 21,627 Hitachi Chemical Co., Ltd............................... 4,600 92,543 Hitachi Construction Machinery Co., Ltd................. 8,000 147,901 Hitachi Transport System, Ltd........................... 900 11,774 Hokkoku Bank, Ltd. (The)................................ 2,000 6,381 Hokuhoku Financial Group, Inc........................... 52,000 107,154 Honda Motor Co., Ltd.................................... 64,200 1,937,219 # House Foods Group, Inc.................................. 1,600 32,010 Ibiden Co., Ltd......................................... 6,000 90,200 Idemitsu Kosan Co., Ltd................................. 4,900 81,790 Inpex Corp.............................................. 29,600 327,564 ITOCHU Corp............................................. 62,400 631,828 Iyo Bank, Ltd. (The).................................... 8,000 92,313 J Front Retailing Co., Ltd.............................. 14,900 189,874 JFE Holdings, Inc....................................... 20,700 455,966 Joyo Bank, Ltd. (The)................................... 14,000 70,367 JX Holdings, Inc........................................ 122,527 452,153 K's Holdings Corp....................................... 700 20,559 Kagoshima Bank, Ltd. (The).............................. 5,000 31,287 Kamigumi Co., Ltd....................................... 8,000 79,944 Kaneka Corp............................................. 12,000 73,243 Kawasaki Kisen Kaisha, Ltd.............................. 68,000 194,648 Keiyo Bank, Ltd. (The).................................. 4,000 21,823 Kinden Corp............................................. 2,000 23,690 Kirin Holdings Co., Ltd................................. 7,100 95,596 Kobe Steel, Ltd......................................... 251,000 440,206 Konica Minolta, Inc..................................... 31,000 341,137 1599 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kuraray Co., Ltd........................................ 22,400 $ 281,274 Kyocera Corp............................................ 4,600 202,467 LIXIL Group Corp........................................ 10,300 200,686 Marubeni Corp........................................... 45,500 251,148 Marui Group Co., Ltd.................................... 6,000 62,368 Matsumotokiyoshi Holdings Co., Ltd...................... 1,400 46,138 Medipal Holdings Corp................................... 4,200 49,003 Mitsubishi Chemical Holdings Corp....................... 106,100 549,898 Mitsubishi Corp......................................... 21,400 373,327 Mitsubishi Gas Chemical Co., Inc........................ 13,000 58,778 Mitsubishi Materials Corp............................... 73,000 230,195 Mitsubishi UFJ Financial Group, Inc..................... 412,000 2,189,477 Mitsui & Co., Ltd....................................... 26,100 332,116 Mitsui Chemicals, Inc................................... 56,000 163,854 Mitsui Engineering & Shipbuilding Co., Ltd.............. 8,000 13,006 Mitsui Mining & Smelting Co., Ltd....................... 21,000 43,852 # Mitsui OSK Lines, Ltd................................... 61,000 205,933 Mizuho Financial Group, Inc............................. 986,300 1,612,717 MS&AD Insurance Group Holdings.......................... 10,650 258,946 Nagase & Co., Ltd....................................... 2,000 24,863 Nanto Bank, Ltd. (The).................................. 3,000 10,057 NEC Corp................................................ 147,000 415,224 NHK Spring Co., Ltd..................................... 9,900 89,296 # Nikon Corp.............................................. 14,400 182,712 Nippo Corp.............................................. 2,000 31,099 Nippon Electric Glass Co., Ltd.......................... 16,000 82,576 Nippon Express Co., Ltd................................. 64,000 373,363 Nippon Paper Industries Co., Ltd........................ 4,100 64,653 Nippon Shokubai Co., Ltd................................ 3,000 40,297 Nippon Steel & Sumitomo Metal Corp...................... 322,185 753,041 Nippon Yusen K.K........................................ 115,000 341,908 Nishi-Nippon City Bank, Ltd. (The)...................... 18,000 58,452 Nissan Motor Co., Ltd................................... 102,200 871,482 Nissan Shatai Co., Ltd.................................. 1,200 13,188 Nisshin Seifun Group, Inc............................... 7,260 89,289 Nisshin Steel Co., Ltd.................................. 2,300 23,808 Nisshinbo Holdings, Inc................................. 3,000 33,712 NOK Corp................................................ 5,100 146,703 Nomura Holdings, Inc.................................... 50,900 270,617 Nomura Real Estate Holdings, Inc........................ 3,000 50,480 NTN Corp................................................ 26,000 111,273 NTT DOCOMO, Inc......................................... 58,700 990,933 Oji Holdings Corp....................................... 53,000 199,781 Onward Holdings Co., Ltd................................ 2,000 12,898 Otsuka Holdings Co., Ltd................................ 6,200 191,822 Rengo Co., Ltd.......................................... 6,000 25,209 Resona Holdings, Inc.................................... 36,100 179,100 Ricoh Co., Ltd.......................................... 55,800 544,350 Rohm Co., Ltd........................................... 2,700 173,588 Sankyo Co., Ltd......................................... 1,800 64,692 SBI Holdings, Inc....................................... 8,180 87,408 Sega Sammy Holdings, Inc................................ 4,000 52,089 Seino Holdings Co., Ltd................................. 5,000 54,407 1600 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) # Sekisui House, Ltd..................................... 37,500 $ 484,932 Shiga Bank, Ltd. (The)................................. 4,000 22,312 Shinsei Bank, Ltd...................................... 32,000 58,001 Shizuoka Bank, Ltd. (The).............................. 5,000 45,689 Showa Denko K.K........................................ 88,000 112,471 Showa Shell Sekiyu K.K................................. 3,900 38,062 SKY Perfect JSAT Holdings, Inc......................... 2,300 13,928 # Sojitz Corp............................................ 34,370 44,427 Sompo Japan Nipponkoa Holdings, Inc.................... 6,400 177,581 # Sony Corp.............................................. 15,300 359,872 Sony Corp. Sponsored ADR............................... 29,100 677,739 Sumitomo Bakelite Co., Ltd............................. 2,000 8,278 Sumitomo Chemical Co., Ltd............................. 112,000 440,642 Sumitomo Corp.......................................... 16,200 159,867 Sumitomo Dainippon Pharma Co., Ltd..................... 1,700 17,871 Sumitomo Electric Industries, Ltd...................... 46,200 595,318 Sumitomo Forestry Co., Ltd............................. 7,200 66,967 Sumitomo Heavy Industries, Ltd......................... 24,000 129,874 Sumitomo Metal Mining Co., Ltd......................... 21,000 300,134 Sumitomo Mitsui Financial Group, Inc................... 53,400 1,791,935 Sumitomo Mitsui Trust Holdings, Inc.................... 84,030 295,494 Sumitomo Osaka Cement Co., Ltd......................... 14,000 40,710 Sumitomo Rubber Industries, Ltd........................ 8,700 135,289 Suzuki Motor Corp...................................... 11,600 366,794 T&D Holdings, Inc...................................... 42,100 474,113 Takashimaya Co., Ltd................................... 12,000 105,253 TDK Corp............................................... 8,800 548,430 Teijin, Ltd............................................ 67,000 199,583 Tokai Rika Co., Ltd.................................... 2,400 49,421 Tokio Marine Holdings, Inc............................. 14,500 506,227 Tokyo Broadcasting System Holdings, Inc................ 1,700 19,402 Toppan Printing Co., Ltd............................... 16,000 106,881 Tosoh Corp............................................. 35,000 188,680 Toyo Seikan Group Holdings, Ltd........................ 5,100 65,434 Toyoda Gosei Co., Ltd.................................. 1,900 41,856 Toyota Tsusho Corp..................................... 16,000 378,921 TS Tech Co., Ltd....................................... 1,800 45,351 TV Asahi Holdings Corp................................. 700 10,898 Ube Industries, Ltd.................................... 42,000 62,902 # UNY Group Holdings Co., Ltd............................ 5,300 30,494 # Ushio, Inc............................................. 4,100 47,499 Wacoal Holdings Corp................................... 2,000 19,824 # Yamada Denki Co., Ltd.................................. 35,300 131,144 Yamaguchi Financial Group, Inc......................... 7,000 72,828 Yamaha Corp............................................ 5,000 72,814 Yamato Kogyo Co., Ltd.................................. 1,600 41,177 Yamazaki Baking Co., Ltd............................... 5,000 73,615 Yokohama Rubber Co., Ltd. (The)........................ 7,000 65,856 ----------- TOTAL JAPAN................................................ 35,183,008 ----------- NETHERLANDS -- (2.5%) Aegon NV............................................... 51,287 365,515 # ArcelorMittal(B295F26)................................. 35,529 342,500 1601 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NETHERLANDS -- (Continued) ArcelorMittal(B03XPL1)............................. 41,451 $ 396,010 Boskalis Westminster NV............................ 4,409 194,915 Fugro NV........................................... 1,469 31,855 * ING Groep NV....................................... 109,394 1,360,030 #* ING Groep NV Sponsored ADR......................... 20,692 257,409 Koninklijke DSM NV................................. 12,633 670,064 Koninklijke KPN NV................................. 57,323 176,921 Koninklijke Philips NV............................. 22,102 609,460 TNT Express NV..................................... 3,513 22,976 ---------- TOTAL NETHERLANDS...................................... 4,427,655 ---------- NEW ZEALAND -- (0.1%) Auckland International Airport, Ltd................ 17,920 57,958 Contact Energy, Ltd................................ 20,560 105,518 Fletcher Building, Ltd............................. 4,281 26,006 ---------- TOTAL NEW ZEALAND...................................... 189,482 ---------- NORWAY -- (0.8%) DNB ASA............................................ 18,909 273,965 Norsk Hydro ASA.................................... 34,273 201,414 # Petroleum Geo-Services ASA......................... 2,320 12,615 # Seadrill, Ltd...................................... 10,357 111,234 Statoil ASA........................................ 19,788 331,375 * Storebrand ASA..................................... 20,270 61,276 Subsea 7 SA........................................ 10,265 87,319 Yara International ASA............................. 6,092 317,164 ---------- TOTAL NORWAY........................................... 1,396,362 ---------- PORTUGAL -- (0.1%) * Banco Espirito Santo SA............................ 40,541 -- EDP Renovaveis SA.................................. 22,018 147,180 ---------- TOTAL PORTUGAL......................................... 147,180 ---------- SINGAPORE -- (1.2%) CapitaLand, Ltd.................................... 47,000 120,629 City Developments, Ltd............................. 18,000 133,415 DBS Group Holdings, Ltd............................ 46,592 679,294 Golden Agri-Resources, Ltd......................... 277,000 85,926 Hutchison Port Holdings Trust...................... 215,000 153,307 Keppel Land, Ltd................................... 25,000 83,837 * Neptune Orient Lines, Ltd.......................... 7,000 5,217 Noble Group, Ltd................................... 257,000 201,037 Olam International, Ltd............................ 13,000 18,927 OUE, Ltd........................................... 3,000 4,872 Singapore Airlines, Ltd............................ 36,800 343,731 United Industrial Corp., Ltd....................... 24,000 62,492 UOL Group, Ltd..................................... 12,799 68,115 Venture Corp., Ltd................................. 10,000 60,050 1602 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) Wilmar International, Ltd.......................... 58,000 $ 137,645 ---------- TOTAL SINGAPORE........................................ 2,158,494 ---------- SPAIN -- (2.5%) * Acciona SA......................................... 930 66,480 Banco de Sabadell SA............................... 290,243 733,468 * Banco Popular...................................... 241 1,022 Banco Popular Espanol SA........................... 57,182 241,705 Banco Santander SA................................. 45,573 306,524 CaixaBank SA....................................... 39,671 172,795 Iberdrola SA....................................... 282,717 1,951,433 Mapfre SA.......................................... 76,447 257,348 Repsol SA.......................................... 31,915 565,364 ---------- TOTAL SPAIN............................................ 4,296,139 ---------- SWEDEN -- (3.2%) Boliden AB......................................... 23,836 372,360 ICA Gruppen AB..................................... 1,636 62,857 Meda AB Class A.................................... 12,823 180,600 Nordea Bank AB..................................... 52,864 671,149 Saab AB Class B.................................... 854 20,788 Skandinaviska Enskilda Banken AB Class A........... 64,662 778,634 #* SSAB AB Class A.................................... 5,533 26,870 * SSAB AB Class B.................................... 2,545 10,953 Svenska Cellulosa AB Class A....................... 318 7,678 Svenska Cellulosa AB Class B....................... 42,476 1,023,846 Svenska Handelsbanken AB Class A................... 8,932 422,965 Swedbank AB Class A................................ 12,557 303,764 Tele2 AB Class B................................... 21,048 238,111 Telefonaktiebolaget LM Ericsson Class A............ 164 1,919 Telefonaktiebolaget LM Ericsson Class B............ 65,764 797,340 Telefonaktiebolaget LM Ericsson Sponsored ADR...... 30,813 373,762 TeliaSonera AB..................................... 38,350 236,304 ---------- TOTAL SWEDEN........................................... 5,529,900 ---------- SWITZERLAND -- (9.9%) ABB, Ltd........................................... 72,246 1,389,017 Adecco SA.......................................... 11,017 823,009 Aryzta AG.......................................... 5,907 442,844 Baloise Holding AG................................. 2,594 337,654 Cie Financiere Richemont SA........................ 8,674 720,619 Clariant AG........................................ 22,062 354,454 Credit Suisse Group AG............................. 21,110 444,489 * Dufry AG........................................... 338 49,653 Givaudan SA........................................ 56 102,078 Helvetia Holding AG................................ 59 30,095 Holcim, Ltd........................................ 13,089 915,090 Julius Baer Group, Ltd............................. 5,422 220,589 Lonza Group AG..................................... 3,945 467,231 Novartis AG........................................ 38,719 3,773,272 Novartis AG ADR.................................... 10,786 1,050,556 OC Oerlikon Corp. AG............................... 1,284 14,605 1603 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Sulzer AG.......................................... 1,072 $ 113,504 Swatch Group AG (The)(7184736)..................... 1,700 124,971 Swatch Group AG (The)(7184725)..................... 894 355,556 Swiss Life Holding AG.............................. 864 192,805 Swiss Re AG........................................ 19,881 1,793,413 Syngenta AG........................................ 943 307,167 UBS Group AG(BRJL176).............................. 60,854 1,019,977 * UBS Group AG(H42097107)............................ 10,891 181,662 Zurich Insurance Group AG.......................... 6,258 2,075,016 ----------- TOTAL SWITZERLAND...................................... 17,299,326 ----------- UNITED KINGDOM -- (16.4%) Anglo American P.L.C............................... 62,057 1,036,576 Barclays P.L.C..................................... 293 1,029 Barclays P.L.C. Sponsored ADR...................... 159,840 2,244,154 Barratt Developments P.L.C......................... 18,885 129,994 BP P.L.C. Sponsored ADR............................ 155,937 6,055,034 Carnival P.L.C..................................... 3,014 134,940 Carnival P.L.C. ADR................................ 2,954 131,630 Friends Life Group, Ltd............................ 48,633 290,819 Glencore P.L.C..................................... 124,948 465,878 HSBC Holdings P.L.C. Sponsored ADR................. 86,184 3,940,332 Investec P.L.C..................................... 6,563 55,144 J Sainsbury P.L.C.................................. 78,611 301,238 Kingfisher P.L.C................................... 162,816 837,552 * Lloyds Banking Group P.L.C......................... 71,659 79,385 * Lloyds Banking Group P.L.C. ADR.................... 236,445 1,037,994 Old Mutual P.L.C................................... 101,877 317,841 * Royal Bank of Scotland Group P.L.C................. 14,067 76,380 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR.. 18,812 204,298 # Royal Dutch Shell P.L.C............................ 44,928 2,874,943 Royal Dutch Shell P.L.C. ADR....................... 55,539 3,412,872 * RSA Insurance Group P.L.C.......................... 1 7 Standard Chartered P.L.C........................... 71,851 958,125 Vedanta Resources P.L.C............................ 3,221 17,999 Vodafone Group P.L.C............................... 830,533 2,920,550 Vodafone Group P.L.C. Sponsored ADR................ 25,108 882,038 1604 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ UNITED KINGDOM -- (Continued) WM Morrison Supermarkets P.L.C..................... 176,398 $ 475,943 ------------ TOTAL UNITED KINGDOM..................................... 28,882,695 ------------ TOTAL COMMON STOCKS...................................... 168,324,533 ------------ PREFERRED STOCKS -- (0.0%) GERMANY -- (0.0%) Porsche Automobil Holding SE....................... 398 33,354 ------------ RIGHTS/WARRANTS -- (0.0%) SPAIN -- (0.0%) * Banco Santander SA................................. 45,572 6,976 ------------ SECURITIES LENDING COLLATERAL -- (4.2%) (S)@ DFA Short Term Investment Fund..................... 630,428 7,294,056 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $182,623,159)^^...... $175,658,919 ============ 1605 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia.................... $ 64,862 $ 9,761,362 -- $ 9,826,224 Austria...................... -- 251,688 -- 251,688 Belgium...................... -- 2,832,605 -- 2,832,605 Canada....................... 14,363,604 -- -- 14,363,604 Denmark...................... -- 2,279,192 -- 2,279,192 Finland...................... -- 1,658,089 -- 1,658,089 France....................... 418 14,709,082 -- 14,709,500 Germany...................... 706,085 12,832,791 -- 13,538,876 Hong Kong.................... -- 4,919,242 -- 4,919,242 Ireland...................... 161,530 188,078 -- 349,608 Israel....................... 242,736 630,283 -- 873,019 Italy........................ 285,200 2,927,445 -- 3,212,645 Japan........................ 677,739 34,505,269 -- 35,183,008 Netherlands.................. 599,909 3,827,746 -- 4,427,655 New Zealand.................. -- 189,482 -- 189,482 Norway....................... 111,234 1,285,128 -- 1,396,362 Portugal..................... -- 147,180 -- 147,180 Singapore.................... -- 2,158,494 -- 2,158,494 Spain........................ -- 4,296,139 -- 4,296,139 Sweden....................... 373,762 5,156,138 -- 5,529,900 Switzerland.................. 2,252,195 15,047,131 -- 17,299,326 United Kingdom............... 20,783,295 8,099,400 -- 28,882,695 Preferred Stocks Germany...................... -- 33,354 -- 33,354 Rights/Warrants Spain........................ -- 6,976 -- 6,976 Securities Lending Collateral... -- 7,294,056 -- 7,294,056 ----------- ------------ -- ------------ TOTAL........................... $40,622,569 $135,036,350 -- $175,658,919 =========== ============ == ============ 1606 VA INTERNATIONAL SMALL PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- -------- COMMON STOCKS -- (89.9%) AUSTRALIA -- (4.7%) Adelaide Brighton, Ltd............................. 40,999 $113,622 * AED Oil, Ltd....................................... 4,139 -- Ainsworth Game Technology, Ltd..................... 8,468 19,292 * Alkane Resources, Ltd.............................. 19,700 4,006 * Alliance Resources, Ltd............................ 21,658 1,255 # ALS, Ltd........................................... 3,013 11,377 Amalgamated Holdings, Ltd.......................... 5,533 50,534 # Amcom Telecommunications, Ltd...................... 19,211 42,559 Ansell, Ltd........................................ 10,331 181,337 * Antares Energy, Ltd................................ 12,881 1,766 * APN News & Media, Ltd.............................. 73,867 46,468 #* Aquarius Platinum, Ltd............................. 55,455 11,889 # ARB Corp., Ltd..................................... 6,754 60,528 Arrium, Ltd........................................ 211,294 33,345 # Atlas Iron, Ltd.................................... 49,744 6,500 # Ausdrill, Ltd...................................... 21,215 6,156 * Ausenco, Ltd....................................... 6,384 2,051 * Austal, Ltd........................................ 6,527 7,838 Austbrokers Holdings, Ltd.......................... 3,717 25,579 # Austin Engineering, Ltd............................ 1,943 1,045 * Australian Agricultural Co., Ltd................... 35,981 44,678 Australian Pharmaceutical Industries, Ltd.......... 21,680 15,325 Automotive Holdings Group, Ltd..................... 21,427 62,663 AVJennings, Ltd.................................... 30,044 13,260 * AWE, Ltd........................................... 53,433 55,477 # BC Iron, Ltd....................................... 16,407 5,836 Beach Energy, Ltd.................................. 102,628 76,405 #* Beadell Resources, Ltd............................. 69,221 15,950 # Bega Cheese, Ltd................................... 9,353 37,015 * Billabong International, Ltd....................... 43,292 21,583 Blackmores, Ltd.................................... 382 11,992 #* Boart Longyear, Ltd................................ 30,454 3,861 * Boom Logistics, Ltd................................ 20,098 2,036 Bradken, Ltd....................................... 21,442 45,223 # Breville Group, Ltd................................ 7,643 42,873 Brickworks, Ltd.................................... 2,046 19,287 BT Investment Management, Ltd...................... 7,784 43,522 # Cabcharge Australia, Ltd........................... 9,538 32,080 # Cardno, Ltd........................................ 15,729 35,923 * Carnarvon Petroleum, Ltd........................... 6,703 728 # carsales.com, Ltd.................................. 12,426 98,946 Cash Converters International, Ltd................. 15,875 13,637 Cedar Woods Properties, Ltd........................ 2,100 9,480 * Coal of Africa, Ltd................................ 22,474 614 * Cockatoo Coal, Ltd................................. 92,097 1,004 Codan, Ltd......................................... 2,725 1,717 # Corporate Travel Management, Ltd................... 4,043 30,600 CSG, Ltd........................................... 14,081 13,119 CSR, Ltd........................................... 39,692 122,607 #* Cudeco, Ltd........................................ 4,262 4,678 Decmil Group, Ltd.................................. 8,327 8,080 1607 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) Domino's Pizza Enterprises, Ltd.................... 4,660 $ 94,210 Downer EDI, Ltd.................................... 36,327 117,951 * Drillsearch Energy, Ltd............................ 45,211 27,246 DuluxGroup, Ltd.................................... 29,769 137,895 Echo Entertainment Group, Ltd...................... 50,672 158,328 * Elders, Ltd........................................ 1,583 4,050 #* Emeco Holdings, Ltd................................ 37,864 3,533 * Energy World Corp., Ltd............................ 50,545 11,518 # Evolution Mining, Ltd.............................. 9,266 6,667 Fairfax Media, Ltd................................. 198,178 137,858 # Fleetwood Corp., Ltd............................... 6,315 7,170 # FlexiGroup, Ltd.................................... 6,860 15,604 * Flinders Mines, Ltd................................ 135,740 1,593 # G8 Education, Ltd.................................. 5,195 16,859 * Galaxy Resources, Ltd.............................. 21,890 426 #* Gindalbie Metals, Ltd.............................. 27,192 447 Goodman Fielder, Ltd............................... 127,846 63,453 # GrainCorp, Ltd. Class A............................ 15,146 104,546 # Greencross, Ltd.................................... 2,164 14,913 #* Gryphon Minerals, Ltd.............................. 13,245 802 GUD Holdings, Ltd.................................. 5,383 32,740 * Gunns, Ltd......................................... 32,848 -- # GWA Group, Ltd..................................... 26,214 53,681 Hills, Ltd......................................... 26,079 21,884 * Horizon Oil, Ltd................................... 75,236 7,305 # iiNET, Ltd......................................... 11,907 69,105 #* Imdex, Ltd......................................... 13,781 3,163 IMF Bentham, Ltd................................... 13,775 22,997 Independence Group NL.............................. 25,117 96,711 #* Infigen Energy..................................... 14,000 2,712 # Infomedia, Ltd..................................... 29,538 21,026 * Intrepid Mines, Ltd................................ 1,323 134 # Invocare, Ltd...................................... 7,742 78,132 # IOOF Holdings, Ltd................................. 16,362 119,393 # Iress, Ltd......................................... 9,257 74,057 # JB Hi-Fi, Ltd...................................... 7,902 102,430 #* Karoon Gas Australia, Ltd.......................... 5,930 9,645 #* Kingsgate Consolidated, Ltd........................ 11,507 7,077 #* Lynas Corp., Ltd................................... 10,000 346 # M2 Group, Ltd...................................... 13,792 96,068 MACA, Ltd.......................................... 3,463 2,211 * Macmahon Holdings, Ltd............................. 69,831 3,082 Macquarie Atlas Roads Group........................ 10,938 24,946 # Magellan Financial Group, Ltd...................... 8,522 125,541 * Mayne Pharma Group, Ltd............................ 52,407 25,403 McMillan Shakespeare, Ltd.......................... 4,394 39,045 * Medusa Mining, Ltd................................. 7,354 4,855 #* Mesoblast, Ltd..................................... 7,543 23,431 # Metcash, Ltd....................................... 81,663 92,188 Mincor Resources NL................................ 14,047 7,868 * Mineral Deposits, Ltd.............................. 3,797 2,538 # Mineral Resources, Ltd............................. 13,856 71,773 # MMA Offshore, Ltd.................................. 18,410 11,378 1608 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) * Molopo Energy, Ltd................................. 15,907 $ 1,729 # Monadelphous Group, Ltd............................ 7,985 50,299 Mortgage Choice, Ltd............................... 10,500 19,616 Mount Gibson Iron, Ltd............................. 65,404 10,771 # Myer Holdings, Ltd................................. 78,652 94,739 Navitas, Ltd....................................... 19,169 79,205 New Hope Corp., Ltd................................ 4,268 7,776 # NIB Holdings, Ltd.................................. 27,676 71,060 Northern Star Resources, Ltd....................... 63,127 91,330 # NRW Holdings, Ltd.................................. 16,092 3,545 Nufarm, Ltd........................................ 20,029 88,012 #* Orocobre, Ltd...................................... 7,187 16,339 OZ Minerals, Ltd................................... 24,231 72,380 OzForex Group, Ltd................................. 8,885 17,486 # Pacific Brands, Ltd................................ 98,336 37,302 #* Paladin Energy, Ltd................................ 121,724 35,593 PanAust, Ltd....................................... 15,632 14,592 Panoramic Resources, Ltd........................... 8,860 3,101 Peet, Ltd.......................................... 19,305 15,556 # Perpetual, Ltd..................................... 3,854 146,227 #* Perseus Mining, Ltd................................ 28,599 8,163 #* Platinum Australia, Ltd............................ 23,193 108 * PMP, Ltd........................................... 17,571 5,511 Premier Investments, Ltd........................... 8,397 66,721 Primary Health Care, Ltd........................... 41,307 147,942 Prime Media Group, Ltd............................. 30,543 19,111 Programmed Maintenance Services, Ltd............... 4,827 8,131 * Qantas Airways, Ltd................................ 35,785 72,109 Qube Holdings, Ltd................................. 36,157 65,529 RCR Tomlinson, Ltd................................. 10,693 17,060 # Reckon, Ltd........................................ 1,448 2,150 * Red Fork Energy, Ltd............................... 6,630 31 #* Regis Resources, Ltd............................... 22,571 33,978 # Reject Shop, Ltd. (The)............................ 1,897 8,570 * Resolute Mining, Ltd............................... 79,046 23,720 # Retail Food Group, Ltd............................. 14,799 70,715 Ridley Corp., Ltd.................................. 33,330 23,564 SAI Global, Ltd.................................... 17,990 54,675 Salmat, Ltd........................................ 3,642 4,544 * Samson Oil & Gas, Ltd.............................. 76,724 597 Sandfire Resources NL.............................. 10,113 33,363 * Saracen Mineral Holdings, Ltd...................... 36,822 10,699 Select Harvests, Ltd............................... 4,176 21,441 #* Senex Energy, Ltd.................................. 69,792 14,900 Servcorp, Ltd...................................... 1,569 6,192 * Service Stream, Ltd................................ 25,993 4,138 Seven West Media, Ltd.............................. 63,599 64,464 # Sigma Pharmaceuticals, Ltd......................... 129,270 80,220 * Silex Systems, Ltd................................. 1,112 455 * Silver Lake Resources, Ltd......................... 25,841 4,721 # Sims Metal Management, Ltd......................... 13,980 117,614 Sirtex Medical, Ltd................................ 4,652 96,994 Skilled Group, Ltd................................. 14,670 14,822 1609 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Slater & Gordon, Ltd............................. 13,736 $ 70,495 # SMS Management & Technology, Ltd................. 6,207 17,356 # Southern Cross Media Group, Ltd.................. 67,418 54,853 Spark Infrastructure Group....................... 114,456 189,529 Specialty Fashion Group, Ltd..................... 19,600 11,260 #* St Barbara, Ltd.................................. 26,761 4,472 STW Communications Group, Ltd.................... 29,890 21,259 #* Sundance Energy Australia, Ltd................... 47,232 17,006 Sunland Group, Ltd............................... 14,139 18,711 # Super Retail Group, Ltd.......................... 11,908 80,367 Tabcorp Holdings, Ltd............................ 57,308 202,558 * Tap Oil, Ltd..................................... 20,587 6,007 Tassal Group, Ltd................................ 11,741 34,291 Technology One, Ltd.............................. 23,020 59,125 #* Ten Network Holdings, Ltd........................ 186,849 28,856 # TFS Corp., Ltd................................... 22,201 25,294 * Tiger Resources, Ltd............................. 103,721 3,910 Tox Free Solutions, Ltd.......................... 8,871 20,040 * Transfield Services, Ltd......................... 57,764 63,248 # Transpacific Industries Group, Ltd............... 140,011 89,569 Treasury Wine Estates, Ltd....................... 7,763 29,514 #* Troy Resources, Ltd.............................. 2,843 1,268 # UGL, Ltd......................................... 8,011 11,122 UXC, Ltd......................................... 17,099 9,883 # Village Roadshow, Ltd............................ 10,695 50,452 * Virgin Australia Holdings, Ltd................... 62,219 22,699 * Virgin Australia Holdings, Ltd. (ACI01NXR8)...... 110,192 -- # Virtus Health, Ltd............................... 3,985 24,775 # Vocus Communications, Ltd........................ 4,713 22,683 Watpac, Ltd...................................... 6,412 4,029 Western Areas, Ltd............................... 13,924 43,135 #* White Energy Co., Ltd............................ 9,723 1,345 #* Whitehaven Coal, Ltd............................. 10,803 10,314 Wide Bay Australia, Ltd.......................... 777 3,476 ---------- TOTAL AUSTRALIA...................................... 6,927,791 ---------- AUSTRIA -- (0.7%) Agrana Beteiligungs AG........................... 319 25,221 Atrium European Real Estate, Ltd................. 11,257 52,456 Austria Technologie & Systemtechnik AG........... 1,819 23,589 BUWOG AG......................................... 358 6,992 # Conwert Immobilien Invest SE..................... 6,814 79,285 EVN AG........................................... 2,083 23,034 # Flughafen Wien AG................................ 149 12,950 * IMMOFINANZ AG.................................... 7,160 16,361 * Kapsch TrafficCom AG............................. 127 2,917 Lenzing AG....................................... 646 41,897 Mayr Melnhof Karton AG........................... 840 86,697 Oberbank AG...................................... 1,045 59,924 Oesterreichische Post AG......................... 1,954 96,857 Palfinger AG..................................... 904 23,698 RHI AG........................................... 2,079 54,534 S IMMO AG........................................ 2,718 21,038 1610 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRIA -- (Continued) Schoeller-Bleckmann Oilfield Equipment AG.......... 838 $ 49,568 Semperit AG Holding................................ 778 34,355 Strabag SE......................................... 1,012 22,425 UNIQA Insurance Group AG........................... 11,622 98,370 Wienerberger AG.................................... 11,751 166,046 Zumtobel Group AG.................................. 2,862 65,670 ---------- TOTAL AUSTRIA.......................................... 1,063,884 ---------- BELGIUM -- (1.3%) * Ablynx NV.......................................... 4,354 51,349 Ackermans & van Haaren NV.......................... 2,145 254,938 * AGFA-Gevaert NV.................................... 15,370 35,902 Banque Nationale de Belgique....................... 20 78,891 Barco NV........................................... 1,156 74,400 Cie d'Entreprises CFE.............................. 822 78,271 Cie Immobiliere de Belgique SA..................... 200 10,773 Cie Maritime Belge SA.............................. 1,500 23,484 D'ieteren SA....................................... 2,276 73,492 Deceuninck NV...................................... 6,500 13,444 Econocom Group..................................... 7,084 58,003 Elia System Operator SA............................ 2,535 111,333 * Euronav NV......................................... 7,113 83,396 # EVS Broadcast Equipment SA......................... 1,309 44,144 Exmar NV........................................... 2,768 24,386 Fagron............................................. 2,758 112,604 * Ion Beam Applications.............................. 1,765 34,628 Kinepolis Group NV................................. 2,000 87,804 Lotus Bakeries..................................... 6 7,201 Melexis NV......................................... 2,002 100,208 * Mobistar SA........................................ 2,853 63,400 # NV Bekaert SA...................................... 3,021 91,176 #* Nyrstar NV......................................... 41,403 155,658 Recticel SA........................................ 1,421 8,206 * Roularta Media Group NV............................ 455 5,539 Sipef SA........................................... 540 31,588 * Tessenderlo Chemie NV.............................. 3,841 99,415 #* ThromboGenics NV................................... 2,924 22,917 Umicore SA......................................... 2,113 88,495 Van de Velde NV.................................... 393 21,378 * Viohalco SA........................................ 9,200 23,173 ---------- TOTAL BELGIUM.......................................... 1,969,596 ---------- CANADA -- (8.1%) * 5N Plus, Inc....................................... 2,300 4,127 Absolute Software Corp............................. 2,400 16,621 # Acadian Timber Corp................................ 500 6,229 * Advantage Oil & Gas, Ltd........................... 21,179 88,836 Aecon Group, Inc................................... 5,091 39,263 # AG Growth International, Inc....................... 1,006 42,830 AGF Management, Ltd. Class B....................... 7,733 43,816 AGT Food & Ingredient, Inc......................... 1,730 38,189 * Ainsworth Lumber Co, Ltd........................... 5,800 16,614 1611 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * Air Canada......................................... 3,900 $ 36,063 Akita Drilling, Ltd. Class A....................... 1,200 9,774 Alacer Gold Corp................................... 19,885 46,634 Alamos Gold, Inc................................... 12,769 68,131 # Alaris Royalty Corp................................ 900 23,585 * Alexco Resource Corp............................... 2,700 1,424 # Algonquin Power & Utilities Corp................... 11,549 91,978 #* Altius Minerals Corp............................... 1,000 10,923 # Altus Group, Ltd................................... 2,300 34,010 #* Argonaut Gold, Inc................................. 9,592 18,721 #* Asanko Gold, Inc................................... 2,901 4,566 #* Athabasca Oil Corp................................. 13,445 19,680 * ATS Automation Tooling Systems, Inc................ 9,760 111,372 AuRico Gold, Inc................................... 23,822 93,923 AutoCanada, Inc.................................... 1,300 33,127 #* Avigilon Corp...................................... 3,800 57,866 Axia NetMedia Corp................................. 4,000 10,010 * B2Gold Corp........................................ 69,414 136,566 # Badger Daylighting, Ltd............................ 1,800 32,014 #* Ballard Power Systems, Inc......................... 3,700 5,794 * Bankers Petroleum, Ltd............................. 32,396 74,444 * Bellatrix Exploration, Ltd......................... 11,156 22,563 #* Birchcliff Energy, Ltd............................. 7,200 38,530 # Bird Construction, Inc............................. 3,138 27,436 # Black Diamond Group, Ltd........................... 2,510 19,970 * BlackPearl Resources, Inc.......................... 31,370 22,712 # BMTC Group, Inc. Class A........................... 850 10,937 #* BNK Petroleum, Inc................................. 3,400 763 # Bonavista Energy Corp.............................. 9,378 44,281 # Bonterra Energy Corp............................... 2,261 70,729 Boralex, Inc. Class A.............................. 2,200 23,563 #* Brookfield Residential Properties, Inc............. 3,570 86,110 Calfrac Well Services, Ltd......................... 5,244 33,675 Calvalley Petroleum, Inc. Class A.................. 2,013 1,347 Canaccord Genuity Group, Inc....................... 9,250 46,443 #* Canacol Energy, Ltd................................ 8,550 24,088 # Canadian Energy Services & Technology Corp......... 14,133 59,726 Canadian Western Bank.............................. 6,116 124,033 Canam Group, Inc. Class A.......................... 3,600 31,589 CanElson Drilling, Inc............................. 7,191 18,279 # Canexus Corp....................................... 23,272 43,405 * Canfor Corp........................................ 3,167 79,131 Canfor Pulp Products, Inc.......................... 3,143 38,957 Canyon Services Group, Inc......................... 5,900 32,734 Capital Power Corp................................. 6,280 124,987 # Capstone Infrastructure Corp....................... 10,094 26,770 * Capstone Mining Corp............................... 29,312 26,758 Cascades, Inc...................................... 3,900 24,093 # Cathedral Energy Services, Ltd..................... 511 941 CCL Industries, Inc. Class B....................... 1,500 155,052 * Celestica, Inc..................................... 20,200 226,370 Centerra Gold, Inc................................. 13,811 82,820 * Cequence Energy, Ltd............................... 13,468 9,221 1612 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * China Gold International Resources Corp., Ltd...... 9,700 $ 16,565 * Chinook Energy, Inc................................ 6,624 5,943 # Cineplex, Inc...................................... 4,452 158,327 # Cogeco Cable, Inc.................................. 1,504 86,403 Cogeco, Inc........................................ 400 18,730 COM DEV International, Ltd......................... 4,500 13,670 Computer Modelling Group, Ltd...................... 9,162 79,168 #* Copper Mountain Mining Corp........................ 12,235 9,532 Corby Spirit and Wine, Ltd......................... 900 15,865 #* Corridor Resources, Inc............................ 2,900 2,031 # Corus Entertainment, Inc. Class B.................. 8,196 139,126 Cott Corp.......................................... 9,010 68,495 * Crew Energy, Inc................................... 13,428 55,268 * DeeThree Exploration, Ltd.......................... 9,700 42,214 * Delphi Energy Corp................................. 16,088 14,813 * Denison Mines Corp................................. 20,344 17,451 * Descartes Systems Group, Inc. (The)................ 5,100 77,903 DH Corp............................................ 5,466 152,663 # DirectCash Payments, Inc........................... 100 1,427 * Dominion Diamond Corp.............................. 6,354 105,558 Dorel Industries, Inc. Class B..................... 2,700 77,364 #* DragonWave, Inc.................................... 1,751 1,406 * Dundee Precious Metals, Inc........................ 8,155 22,975 E-L Financial Corp., Ltd........................... 104 55,408 #* Eastern Platinum, Ltd.............................. 3,990 4,773 # Enbridge Income Fund Holdings, Inc................. 4,695 152,116 * Endeavour Mining Corp.............................. 18,313 8,647 * Endeavour Silver Corp.............................. 7,916 21,741 # EnerCare, Inc...................................... 1,512 17,004 Enerflex, Ltd...................................... 4,509 56,775 #* Energy Fuels, Inc.................................. 331 1,501 Enghouse Systems, Ltd.............................. 2,400 76,474 Ensign Energy Services, Inc........................ 8,200 56,852 Equitable Group, Inc............................... 600 26,159 * Essential Energy Services Trust.................... 11,693 12,055 # Evertz Technologies, Ltd........................... 3,700 53,140 # Exchange Income Corp............................... 743 12,940 # Extendicare, Inc................................... 9,010 48,358 Fiera Capital Corp................................. 1,900 18,541 #* First Majestic Silver Corp......................... 13,200 81,546 FirstService Corp.................................. 3,446 181,290 * Fortuna Silver Mines, Inc.......................... 15,900 77,079 # Glacier Media, Inc................................. 1,800 2,096 Gluskin Sheff + Associates, Inc.................... 3,294 68,643 GMP Capital, Inc................................... 2,541 10,498 #* Golden Star Resources, Ltd......................... 13,100 4,124 * Gran Tierra Energy, Inc............................ 18,587 40,225 * Great Canadian Gaming Corp......................... 5,600 87,039 #* Great Panther Silver, Ltd.......................... 9,200 6,516 #* Guyana Goldfields, Inc............................. 3,229 7,522 * Heroux-Devtek, Inc................................. 2,400 21,343 Home Capital Group, Inc............................ 3,700 122,295 # Horizon North Logistics, Inc....................... 8,717 14,818 1613 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) HudBay Minerals, Inc............................... 20,207 $147,096 # Hudson's Bay Co.................................... 2,691 49,597 * IAMGOLD Corp....................................... 30,000 80,271 #* Imax Corp.......................................... 6,884 229,444 #* Imperial Metals Corp............................... 5,000 35,217 Innergex Renewable Energy, Inc..................... 6,310 59,192 * Interfor Corp...................................... 5,200 90,848 * International Tower Hill Mines, Ltd................ 1,260 595 Intertape Polymer Group, Inc....................... 7,544 111,317 #* Ithaca Energy, Inc................................. 31,528 30,022 #* Ivanhoe Energy, Inc................................ 482 178 # Just Energy Group, Inc............................. 10,855 55,099 * Kelt Exploration, Ltd.............................. 1,500 7,437 # Killam Properties, Inc............................. 5,329 46,593 * Kingsway Financial Services, Inc................... 600 3,471 #* Kirkland Lake Gold, Inc............................ 5,200 18,456 #* Knight Therapeutics, Inc........................... 787 5,023 #* Lake Shore Gold Corp............................... 34,900 31,310 Laurentian Bank of Canada.......................... 3,600 132,617 #* Legacy Oil + Gas, Inc.............................. 16,233 19,673 # Leisureworld Senior Care Corp...................... 1,171 13,243 Leon's Furniture, Ltd.............................. 2,400 36,169 * Leucrotta Exploration, Inc......................... 5,845 4,370 # Lightstream Resources, Ltd......................... 22,801 13,637 Linamar Corp....................................... 2,860 163,831 # Liquor Stores N.A., Ltd............................ 966 11,646 # Long Run Exploration, Ltd.......................... 20,937 17,465 Lucara Diamond Corp................................ 25,900 42,803 MacDonald Dettwiler & Associates, Ltd.............. 1,930 141,769 Major Drilling Group International, Inc............ 6,773 36,245 # Manitoba Telecom Services, Inc..................... 3,332 67,259 Maple Leaf Foods, Inc.............................. 9,822 157,529 Martinrea International, Inc....................... 8,733 64,809 * Maxim Power Corp................................... 1,300 2,680 # Medical Facilities Corp............................ 3,200 49,333 * Mitel Networks Corp................................ 4,780 42,507 #* Mood Media Corp.................................... 7,900 3,419 Morneau Shepell, Inc............................... 3,901 52,558 # MTY Food Group, Inc................................ 1,000 27,481 # Mullen Group, Ltd.................................. 6,351 101,910 * Nautilus Minerals, Inc............................. 5,100 1,806 Nevsun Resources, Ltd.............................. 16,235 56,089 # New Flyer Industries, Inc.......................... 5,010 54,094 * New Gold, Inc...................................... 5,138 22,522 Newalta Corp....................................... 5,065 52,814 #* Niko Resources, Ltd................................ 1,800 347 # Norbord, Inc....................................... 3,290 73,220 North American Energy Partners, Inc................ 1,500 4,462 #* North American Palladium, Ltd...................... 5,795 981 North West Co., Inc. (The)......................... 4,181 87,391 #* Northern Dynasty Minerals, Ltd..................... 2,375 1,065 # Northland Power, Inc............................... 6,054 81,470 #* Novagold Resources, Inc............................ 12,550 47,703 1614 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * NuVista Energy, Ltd................................ 11,660 $ 65,517 * OceanaGold Corp.................................... 30,853 67,985 # Osisko Gold Royalties, Ltd......................... 994 13,363 * Ovivo, Inc. Class A................................ 781 1,278 * Painted Pony Petroleum, Ltd........................ 9,134 49,383 Pan American Silver Corp........................... 12,558 147,055 * Parex Resources, Inc............................... 7,640 41,366 # Parkland Fuel Corp................................. 3,959 68,201 Pason Systems, Inc................................. 8,403 118,437 * Performance Sports Group, Ltd...................... 2,972 55,384 #* Perpetual Energy, Inc.............................. 4,555 3,477 # PHX Energy Services Corp........................... 3,600 17,650 * Pilot Gold, Inc.................................... 2,374 2,092 #* Polymet Mining Corp................................ 10,894 11,402 * Poseidon Concepts Corp............................. 2,814 1 # Premium Brands Holdings Corp....................... 1,330 25,633 #* Primero Mining Corp................................ 19,303 77,473 Progressive Waste Solutions, Ltd................... 2,959 84,436 * QLT, Inc........................................... 5,800 25,150 #* Questerre Energy Corp. Class A..................... 6,950 1,613 Reitmans Canada, Ltd. Class A...................... 4,500 28,685 Richelieu Hardware, Ltd............................ 1,000 46,620 Ritchie Bros Auctioneers, Inc...................... 6,300 157,909 * RMP Energy, Inc.................................... 11,827 40,301 # Rogers Sugar, Inc.................................. 5,100 18,342 RONA, Inc.......................................... 13,485 135,731 * Rubicon Minerals Corp.............................. 8,300 9,667 Russel Metals, Inc................................. 7,300 134,545 * Sabina Gold & Silver Corp.......................... 5,619 1,835 #* Sandstorm Gold, Ltd................................ 7,400 29,817 * Sandvine Corp...................................... 13,900 35,442 # Savanna Energy Services Corp....................... 10,182 18,029 * Scorpio Mining Corp................................ 6,390 1,006 Secure Energy Services, Inc........................ 6,124 71,086 * SEMAFO, Inc........................................ 29,100 101,908 ShawCor, Ltd....................................... 1,961 53,859 Sherritt International Corp........................ 36,037 60,690 * Shore Gold, Inc.................................... 15,000 2,774 #* Sierra Wireless, Inc............................... 4,000 144,676 #* Silver Standard Resources, Inc..................... 6,506 40,090 #* Sprott Resource Corp............................... 6,554 8,923 # Sprott, Inc........................................ 12,583 27,727 # Spyglass Resources Corp............................ 683 150 * St Andrew Goldfields, Ltd.......................... 13,300 3,297 Stantec, Inc....................................... 6,000 147,556 Stella-Jones, Inc.................................. 5,200 148,466 Stuart Olson, Inc.................................. 1,045 5,296 # Student Transportation, Inc........................ 5,497 30,541 #* Sulliden Mining Capital, Inc....................... 1,080 276 * SunOpta, Inc....................................... 4,443 46,573 # Superior Plus Corp................................. 9,714 93,264 # Surge Energy, Inc.................................. 19,006 38,440 #* TAG Oil, Ltd....................................... 4,231 4,795 1615 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) * Taseko Mines, Ltd.................................. 16,000 $ 11,458 * Tembec, Inc........................................ 1,115 2,474 * Teranga Gold Corp.................................. 1,000 496 * Thompson Creek Metals Co., Inc..................... 14,933 18,568 * Timminco, Ltd...................................... 6,400 12 * Timmins Gold Corp.................................. 6,306 6,898 # TMX Group, Ltd..................................... 1,733 64,195 TORC Oil & Gas, Ltd................................ 5,006 32,503 Toromont Industries, Ltd........................... 7,951 172,823 Torstar Corp. Class B.............................. 4,700 25,373 Total Energy Services, Inc......................... 1,737 17,839 #* Touchstone Exploration, Inc........................ 3,130 837 TransAlta Corp..................................... 18,100 158,395 Transcontinental, Inc. Class A..................... 6,505 77,454 TransForce, Inc.................................... 4,951 112,369 # TransGlobe Energy Corp............................. 6,000 17,471 Trican Well Service, Ltd........................... 20,324 78,372 Trinidad Drilling, Ltd............................. 10,700 35,956 * TVA Group, Inc. Class B............................ 1,200 6,469 # Twin Butte Energy, Ltd............................. 24,297 13,767 * Uex Corp........................................... 6,400 1,335 Uni-Select, Inc.................................... 1,100 27,268 # Valener, Inc....................................... 3,700 49,296 Vicwest, Inc....................................... 400 3,938 # Wajax Corp......................................... 1,263 24,103 * Wesdome Gold Mines, Ltd............................ 3,085 3,156 Western Energy Services Corp....................... 4,624 19,104 Western Forest Products, Inc....................... 24,430 49,602 #* Westport Innovations, Inc.......................... 4,800 15,941 Westshore Terminals Investment Corp................ 2,142 53,942 Whistler Blackcomb Holdings, Inc................... 1,600 25,158 # Whitecap Resources, Inc............................ 12,019 117,381 Wi-Lan, Inc........................................ 10,900 29,251 Winpak, Ltd........................................ 2,400 71,394 WSP Global, Inc.................................... 3,517 95,128 * Xtreme Drilling and Coil Services Corp............. 1,900 2,467 # Zargon Oil & Gas, Ltd.............................. 1,612 4,998 * Zenith Epigenetics Corp............................ 1,300 83 ----------- TOTAL CANADA........................................... 12,026,127 ----------- CHINA -- (0.0%) * Goldin Properties Holdings, Ltd.................... 42,000 23,976 * Hanfeng Evergreen, Inc............................. 2,400 244 ----------- TOTAL CHINA............................................ 24,220 ----------- DENMARK -- (1.5%) ALK-Abello A.S..................................... 529 60,158 * Alm Brand A.S...................................... 7,780 40,278 # Ambu A.S. Class B.................................. 2,076 44,098 * Auriga Industries A.S. Class B..................... 950 44,954 #* Bang & Olufsen A.S................................. 2,970 20,540 * Bavarian Nordic A.S................................ 2,090 64,362 1616 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- DENMARK -- (Continued) # D/S Norden A.S..................................... 1,594 $ 32,967 Dfds A.S........................................... 753 72,602 East Asiatic Co., Ltd. A.S......................... 1,200 9,479 # FLSmidth & Co. A.S................................. 3,604 152,270 * Genmab A.S......................................... 2,656 177,971 GN Store Nord A.S.................................. 9,149 205,102 H Lundbeck A.S..................................... 1,171 23,782 IC Companys A.S.................................... 310 6,647 * Jyske Bank A.S..................................... 4,088 185,036 NKT Holding A.S.................................... 2,336 119,995 Nordjyske Bank A.S................................. 422 6,465 * Parken Sport & Entertainment A.S................... 400 3,634 PER Aarsleff A.S. Class B.......................... 150 33,718 Ringkjoebing Landbobank A.S........................ 346 65,062 Rockwool International A.S. Class B................ 427 45,596 * Royal UNIBREW A.S.................................. 746 127,164 Schouw & Co........................................ 1,700 78,895 SimCorp A.S........................................ 2,680 77,887 Solar A.S. Class B................................. 268 11,838 Spar Nord Bank A.S................................. 9,088 81,940 * Sydbank A.S........................................ 6,002 169,072 * TK Development A.S................................. 5,947 8,124 * Topdanmark A.S..................................... 6,452 215,900 # United International Enterprises................... 127 19,041 #* Vestjysk Bank A.S.................................. 725 946 * William Demant Holding A.S......................... 388 29,447 * Zealand Pharma A.S................................. 93 1,205 ---------- TOTAL DENMARK.......................................... 2,236,175 ---------- FINLAND -- (2.2%) Ahlstrom Oyj....................................... 1,260 11,384 Alma Media Oyj..................................... 4,469 15,293 Amer Sports Oyj.................................... 12,055 229,915 Aspo Oyj........................................... 2,685 20,913 BasWare Oyj........................................ 466 19,970 Cargotec Oyj....................................... 2,589 82,932 Caverion Corp...................................... 7,978 74,568 Citycon Oyj........................................ 29,509 100,051 Cramo Oyj.......................................... 1,300 20,047 Elektrobit Oyj..................................... 7,600 35,170 Elisa Oyj.......................................... 7,803 207,559 F-Secure Oyj....................................... 5,200 13,444 * Finnair Oyj........................................ 6,835 25,436 * Finnlines Oyj...................................... 2,099 37,944 # Fiskars Oyj Abp.................................... 3,740 78,530 HKScan Oyj Class A................................. 1,550 6,750 Huhtamaki Oyj...................................... 9,505 260,582 Kemira Oyj......................................... 9,436 107,956 Kesko Oyj Class A.................................. 203 7,090 Kesko Oyj Class B.................................. 4,446 162,467 Konecranes Oyj..................................... 3,400 103,582 Lassila & Tikanoja Oyj............................. 2,281 45,687 * Lemminkainen Oyj................................... 590 7,342 1617 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FINLAND -- (Continued) Metsa Board Oyj.................................... 19,786 $ 118,227 Metso Oyj.......................................... 3,218 97,908 Munksjo Oyj........................................ 697 7,386 Neste Oil Oyj...................................... 8,097 225,165 # Nokian Renkaat Oyj................................. 2,145 52,864 Olvi Oyj Class A................................... 1,278 34,726 * Oriola-KD Oyj Class B.............................. 3,288 13,403 Orion Oyj Class A.................................. 3,462 113,925 Orion Oyj Class B.................................. 6,039 199,104 #* Outokumpu Oyj...................................... 15,264 82,585 # Outotec Oyj........................................ 13,032 75,464 PKC Group Oyj...................................... 1,500 32,601 Ponsse Oy.......................................... 1,180 16,546 * Poyry Oyj.......................................... 3,314 10,899 Raisio Oyj Class V................................. 6,990 33,584 Ramirent Oyj....................................... 4,968 41,019 Rapala VMC Oyj..................................... 1,900 11,230 Sanoma Oyj......................................... 5,315 33,469 Stockmann Oyj Abp(5462371)......................... 1,299 9,807 # Stockmann Oyj Abp(5462393)......................... 2,495 17,312 * Talvivaara Mining Co. P.L.C........................ 22,722 778 Technopolis Oyj.................................... 6,934 31,430 Tieto Oyj.......................................... 5,481 134,692 Tikkurila Oyj...................................... 2,692 48,574 Uponor Oyj......................................... 4,079 62,159 Vaisala Oyj Class A................................ 700 17,896 # YIT Oyj............................................ 9,771 56,910 ---------- TOTAL FINLAND.......................................... 3,254,275 ---------- FRANCE -- (3.7%) #* Air France-KLM..................................... 14,292 125,846 Albioma SA......................................... 1,311 24,362 Alten SA........................................... 2,595 108,690 Altran Technologies SA............................. 11,612 102,772 April SA........................................... 1,417 17,607 Assystem........................................... 808 15,796 Axway Software SA.................................. 500 9,456 * Beneteau SA........................................ 3,012 43,881 BioMerieux......................................... 1,065 116,346 Boiron SA.......................................... 712 72,823 Bollore SA......................................... 42,448 182,689 Bonduelle S.C.A.................................... 1,088 24,521 Bongrain SA........................................ 669 40,736 * Cegedim SA......................................... 83 3,009 Cegid Group........................................ 250 9,001 * CGG SA............................................. 1,835 10,166 * Club Mediterranee SA............................... 2,223 61,950 Derichebourg SA.................................... 7,894 30,689 Eiffage SA......................................... 40 1,948 Electricite de Strasbourg SA....................... 132 16,420 #* Eramet............................................. 664 53,177 * Esso SA Francaise.................................. 197 8,149 * Etablissements Maurel et Prom...................... 9,010 72,777 1618 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- FRANCE -- (Continued) Euler Hermes Group................................. 353 $ 34,569 Eurofins Scientific SE............................. 545 140,013 Faiveley Transport SA.............................. 472 28,633 Faurecia........................................... 4,387 176,210 Fimalac............................................ 506 39,882 * GameLoft SE........................................ 4,962 16,528 Gaumont SA......................................... 129 5,393 GL Events.......................................... 619 11,529 Groupe Crit........................................ 450 19,745 Guerbet............................................ 488 18,135 Haulotte Group SA.................................. 1,014 15,047 # Ingenico........................................... 2,397 250,589 Interparfums SA.................................... 471 13,901 Ipsen SA........................................... 2,296 116,854 IPSOS.............................................. 3,363 87,627 Jacquet Metal Service.............................. 672 11,721 Korian-Medica...................................... 3,486 131,834 Lagardere SCA...................................... 10,616 290,358 Laurent-Perrier.................................... 195 15,414 LISI............................................... 2,500 62,088 * Manitou BF SA...................................... 1,600 23,489 Manutan International.............................. 508 22,953 Mersen............................................. 1,047 24,733 Metropole Television SA............................ 4,736 86,591 Montupet........................................... 764 60,630 # Naturex............................................ 484 25,325 # Neopost SA......................................... 3,793 196,799 * Nexans SA.......................................... 2,550 80,314 Nexity SA.......................................... 3,216 126,632 Norbert Dentressangle SA........................... 322 47,507 * NRJ Group.......................................... 2,200 16,483 #* Orco Property Group SA............................. 4,471 1,812 Orpea.............................................. 2,694 175,128 * Parrot SA.......................................... 570 12,226 * Pierre & Vacances SA............................... 387 11,042 Plastic Omnium SA.................................. 4,089 117,393 Rallye SA.......................................... 2,493 93,479 #* Recylex SA......................................... 1,500 3,227 Rubis SCA.......................................... 3,116 180,712 Saft Groupe SA..................................... 3,859 123,092 Samse SA........................................... 132 15,874 Sartorius Stedim Biotech........................... 306 59,565 SEB SA............................................. 1,133 77,534 Societe d'Edition de Canal +....................... 4,537 30,561 Societe des Bains de Mer et du Cercle des Etrangers a Monaco............................... 210 10,434 Societe Television Francaise 1..................... 9,246 145,549 #* SOITEC............................................. 23,083 22,905 * Solocal Group...................................... 58,994 49,518 Somfy SA........................................... 212 53,815 Sopra Steria Group................................. 942 73,353 Stallergenes SA.................................... 209 12,438 #* Ste Industrielle d'Aviation Latecoere SA........... 468 5,965 Stef SA............................................ 287 16,542 1619 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Synergie SA........................................ 659 $ 14,379 * Technicolor SA..................................... 21,266 127,037 Teleperformance.................................... 4,525 324,197 # TFF Group.......................................... 12 892 * Theolia SA......................................... 1,674 1,041 Thermador Groupe................................... 40 3,210 Total Gabon........................................ 25 8,588 Trigano SA......................................... 1,363 40,682 * UBISOFT Entertainment.............................. 8,018 160,948 #* Valneva SE......................................... 1,224 5,574 Vicat.............................................. 1,719 120,727 VIEL & Cie SA...................................... 4,111 9,295 Vilmorin & Cie SA.................................. 415 36,513 Virbac SA.......................................... 328 72,807 VM Materiaux SA.................................... 186 5,084 ---------- TOTAL FRANCE........................................... 5,573,475 ---------- GERMANY -- (4.5%) Aareal Bank AG..................................... 4,482 169,716 * ADVA Optical Networking SE......................... 1,887 6,238 #* Aixtron SE......................................... 8,383 66,297 Amadeus Fire AG.................................... 305 22,690 Aurubis AG......................................... 3,300 178,904 * Balda AG........................................... 916 3,088 * Bauer AG........................................... 422 7,721 BayWa AG........................................... 1,086 42,718 Bechtle AG......................................... 1,649 139,352 Bertrandt AG....................................... 633 83,200 # Bijou Brigitte AG.................................. 274 16,508 Biotest AG......................................... 393 43,674 Borussia Dortmund GmbH & Co. KGaA.................. 8,179 36,843 CANCOM SE.......................................... 1,419 60,694 Carl Zeiss Meditec AG.............................. 2,614 68,951 Celesio AG......................................... 6,779 200,816 CENTROTEC Sustainable AG........................... 1,248 18,616 Cewe Stiftung & Co. KGAA........................... 476 27,902 Comdirect Bank AG.................................. 2,500 24,841 CompuGroup Medical AG.............................. 2,314 59,854 * Constantin Medien AG............................... 3,300 4,804 CTS Eventim AG & Co. KGaA.......................... 2,824 80,773 Delticom AG........................................ 212 4,081 Deutsche Wohnen AG................................. 19,652 510,481 Deutz AG........................................... 7,018 32,352 * Dialog Semiconductor P.L.C......................... 5,831 223,006 DMG Mori Seiki AG.................................. 5,368 175,831 Drillisch AG....................................... 3,457 133,931 Duerr AG........................................... 2,049 186,482 ElringKlinger AG................................... 2,610 90,941 Fielmann AG........................................ 412 28,005 Freenet AG......................................... 9,694 288,643 * GAGFAH SA.......................................... 2,491 55,508 Gerresheimer AG.................................... 2,203 120,106 Gerry Weber International AG....................... 1,926 74,206 1620 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) Gesco AG........................................... 111 $ 8,704 # GFK SE............................................. 1,560 62,113 Grammer AG......................................... 863 34,320 # Grenkeleasing AG................................... 327 35,007 Hamburger Hafen und Logistik AG.................... 2,121 43,576 #* Heidelberger Druckmaschinen AG..................... 27,925 65,555 # Hornbach Baumarkt AG............................... 478 17,422 Indus Holding AG................................... 2,715 118,425 Isra Vision AG..................................... 280 17,219 Jenoptik AG........................................ 5,015 67,102 * Kloeckner & Co. SE................................. 8,318 85,704 * Koenig & Bauer AG.................................. 1,126 14,880 * Kontron AG......................................... 2,224 13,148 Krones AG.......................................... 1,381 130,744 KSB AG............................................. 31 15,797 # KUKA AG............................................ 2,397 162,045 KWS Saat AG........................................ 150 45,838 Leoni AG........................................... 2,938 183,290 # LPKF Laser & Electronics AG........................ 1,968 21,707 #* Manz AG............................................ 281 20,127 MLP AG............................................. 3,534 14,015 MTU Aero Engines AG................................ 2,441 223,319 # MVV Energie AG..................................... 485 13,416 Nemetschek AG...................................... 707 73,797 * Nordex SE.......................................... 5,275 101,809 Norma Group SE..................................... 2,577 127,789 * Osram Licht AG..................................... 1,459 67,068 * Patrizia Immobilien AG............................. 2,465 43,226 Pfeiffer Vacuum Technology AG...................... 841 75,523 PNE Wind AG........................................ 6,074 15,130 Puma SE............................................ 210 39,969 QSC AG............................................. 8,683 17,237 Rational AG........................................ 230 75,696 Rheinmetall AG..................................... 3,691 159,723 Rhoen Klinikum AG.................................. 4,592 121,658 SAF-Holland SA..................................... 4,399 64,962 Salzgitter AG...................................... 2,550 69,515 Schaltbau Holding AG............................... 277 14,234 #* SGL Carbon SE...................................... 3,415 54,220 * Singulus Technologies AG........................... 831 797 Sixt SE............................................ 1,800 69,747 #* SMA Solar Technology AG............................ 1,123 13,652 Software AG........................................ 4,645 122,939 #* Solarworld AG...................................... 26 341 Stada Arzneimittel AG.............................. 5,765 178,750 Stroeer Media SE................................... 2,406 70,031 # Suedzucker AG...................................... 4,887 61,450 * Suss Microtec AG................................... 651 3,421 # TAG Immobilien AG.................................. 4,348 56,477 Takkt AG........................................... 1,500 25,540 Technotrans AG..................................... 637 7,040 * Tom Tailor Holding AG.............................. 856 10,510 # Vossloh AG......................................... 727 46,549 1621 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- GERMANY -- (Continued) VTG AG............................................. 287 $ 6,889 Wacker Neuson SE................................... 2,250 45,573 Wincor Nixdorf AG.................................. 2,263 103,707 XING AG............................................ 88 10,744 # Zeal Network SE.................................... 472 19,878 ---------- TOTAL GERMANY.......................................... 6,676,837 ---------- GREECE -- (0.0%) * Bank of Cyprus Pcl................................. 1 -- ---------- HONG KONG -- (2.8%) Alco Holdings, Ltd................................. 68,000 13,058 Allied Group, Ltd.................................. 17,600 74,774 Allied Properties HK, Ltd.......................... 219,416 43,570 * Apac Resources, Ltd................................ 43,796 635 APT Satellite Holdings, Ltd........................ 29,000 39,443 Asia Financial Holdings, Ltd....................... 54,874 23,473 Asia Satellite Telecommunications Holdings, Ltd.... 11,500 39,974 Asia Standard International Group, Ltd............. 24,940 5,856 Associated International Hotels, Ltd............... 28,000 84,323 Bonjour Holdings, Ltd.............................. 61,600 5,563 #* Brightoil Petroleum Holdings, Ltd.................. 214,000 51,981 * Brockman Mining, Ltd............................... 256,330 9,553 Cafe de Coral Holdings, Ltd........................ 28,000 103,070 Century City International Holdings, Ltd........... 43,340 3,345 Champion Technology Holdings, Ltd.................. 88,591 1,767 Chen Hsong Holdings................................ 30,000 8,006 Chevalier International Holdings, Ltd.............. 4,000 6,865 * China Daye Non-Ferrous Metals Mining, Ltd.......... 216,000 3,905 #* China Dynamics Holdings, Ltd....................... 220,000 16,392 China Electronics Corp. Holdings Co., Ltd.......... 68,000 15,667 * China Energy Development Holdings, Ltd............. 162,000 3,079 * China Strategic Holdings, Ltd...................... 367,500 5,153 China-Hongkong Photo Products Holdings, Ltd........ 90,000 5,398 Chow Sang Sang Holdings International, Ltd......... 19,000 50,355 CITIC Telecom International Holdings, Ltd.......... 139,000 42,959 CK Life Sciences International Holdings, Inc....... 152,000 15,468 * CP Lotus Corp...................................... 290,000 6,318 Cross-Harbour Holdings, Ltd. (The)................. 30,658 33,596 CSI Properties, Ltd................................ 89,543 3,451 * CST Mining Group, Ltd.............................. 1,088,000 6,179 Dah Sing Banking Group, Ltd........................ 38,528 64,278 Dah Sing Financial Holdings, Ltd................... 17,006 97,916 Dickson Concepts International, Ltd................ 14,500 6,816 * EganaGoldpfeil Holdings, Ltd....................... 85,130 -- Emperor Entertainment Hotel, Ltd................... 40,000 9,433 Emperor International Holdings, Ltd................ 100,333 22,737 Emperor Watch & Jewellery, Ltd..................... 210,000 9,043 * EPI Holdings, Ltd.................................. 713 12 Esprit Holdings, Ltd............................... 156,450 176,879 Far East Consortium International, Ltd............. 48,560 18,976 Fountain SET Holdings, Ltd......................... 28,000 2,915 * Fullshare Holdings, Ltd............................ 467,500 32,035 1622 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) * G-Resources Group, Ltd............................. 2,118,000 $ 60,095 * GCL New Energy Holdings, Ltd....................... 280,000 32,738 Get Nice Holdings, Ltd............................. 150,000 6,840 # Giordano International, Ltd........................ 86,000 40,693 * Global Brands Group Holding, Ltd................... 374,000 70,465 Glorious Sun Enterprises, Ltd...................... 48,000 10,458 * Grande Holdings, Ltd. (The)........................ 28,000 278 # Guotai Junan International Holdings, Ltd........... 4,800 3,348 # Haitong International Securities Group, Ltd........ 54,115 34,089 Harbour Centre Development, Ltd.................... 13,500 24,662 HKR International, Ltd............................. 37,733 19,382 Hong Kong Aircraft Engineering Co., Ltd............ 2,400 26,521 Hong Kong Ferry Holdings Co., Ltd.................. 12,000 13,507 * Hong Kong Television Network, Ltd.................. 32,239 13,983 Hongkong & Shanghai Hotels (The)................... 2,000 2,861 # Hongkong Chinese, Ltd.............................. 90,000 15,778 Hopewell Holdings, Ltd............................. 42,166 158,022 Hung Hing Printing Group, Ltd...................... 29,815 4,036 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 118,000 53,981 IT, Ltd............................................ 54,000 13,839 Johnson Electric Holdings, Ltd..................... 27,375 99,589 K Wah International Holdings, Ltd.................. 90,839 49,011 Kingston Financial Group, Ltd...................... 308,000 35,345 Kowloon Development Co., Ltd....................... 28,000 32,668 L'Occitane International SA........................ 35,750 90,217 Lai Sun Development Co., Ltd....................... 885,416 19,810 Lifestyle International Holdings, Ltd.............. 32,000 62,973 Lippo China Resources, Ltd......................... 586,000 19,969 Liu Chong Hing Investment, Ltd..................... 18,000 22,199 Luk Fook Holdings International, Ltd............... 34,000 126,829 Lung Kee Bermuda Holdings.......................... 26,000 7,267 #* Macau Legend Development, Ltd...................... 108,000 39,128 Magnificent Estates................................ 336,000 14,705 Man Wah Holdings, Ltd.............................. 35,200 30,012 * Mei Ah Entertainment Group, Ltd.................... 160,000 11,115 #* Midland Holdings, Ltd.............................. 60,000 30,258 Ming Fai International Holdings, Ltd............... 44,000 4,702 * Ming Fung Jewellery Group, Ltd..................... 150,000 1,444 Miramar Hotel & Investment......................... 20,000 25,343 * Mongolian Mining Corp.............................. 171,249 6,771 NagaCorp, Ltd...................................... 92,000 72,148 * New Times Energy Corp., Ltd........................ 34,800 916 # Newocean Energy Holdings, Ltd...................... 110,000 40,460 Next Media, Ltd.................................... 38,000 3,367 * Orange Sky Golden Harvest Entertainment Holdings, Ltd.............................................. 115,000 7,118 Orient Overseas International, Ltd................. 17,000 110,789 Oriental Watch Holdings............................ 14,000 2,487 Pacific Andes International Holdings, Ltd.......... 126,000 4,313 Pacific Basin Shipping, Ltd........................ 157,000 57,895 Pacific Textile Holdings, Ltd...................... 29,000 40,011 Paliburg Holdings, Ltd............................. 26,000 8,681 # Paradise Entertainment, Ltd........................ 40,000 13,643 # Pico Far East Holdings, Ltd........................ 96,000 21,543 1623 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) # Playmates Toys, Ltd................................ 60,000 $ 12,697 Polytec Asset Holdings, Ltd........................ 30,000 4,052 Public Financial Holdings, Ltd..................... 24,000 11,454 PYI Corp., Ltd..................................... 169,839 3,542 Regal Hotels International Holdings, Ltd........... 29,000 18,017 # SA SA International Holdings, Ltd.................. 110,000 70,917 SEA Holdings, Ltd.................................. 38,000 25,499 Shun Tak Holdings, Ltd............................. 130,000 59,409 Sing Tao News Corp., Ltd........................... 14,000 2,056 Singamas Container Holdings, Ltd................... 132,000 21,254 SmarTone Telecommunications Holdings, Ltd.......... 34,000 59,612 * SOCAM Development, Ltd............................. 12,127 11,020 * Solomon Systech International, Ltd................. 58,000 2,231 Soundwill Holdings, Ltd............................ 4,000 6,490 Stella International Holdings, Ltd................. 31,000 81,025 Sun Hung Kai & Co., Ltd............................ 50,464 45,247 TAI Cheung Holdings, Ltd........................... 25,000 20,767 Tao Heung Holdings, Ltd............................ 17,000 7,570 Television Broadcasts, Ltd......................... 21,700 134,838 Texwinca Holdings, Ltd............................. 58,000 47,780 * Titan Petrochemicals Group, Ltd.................... 160,000 52 Transport International Holdings, Ltd.............. 15,200 37,480 Trinity, Ltd....................................... 58,000 11,293 * TSC Group Holdings, Ltd............................ 39,000 9,816 * United Laboratories International Holdings, Ltd. (The)............................................ 45,000 22,049 Upbest Group, Ltd.................................. 74,000 21,113 Value Partners Group, Ltd.......................... 53,000 45,038 Varitronix International, Ltd...................... 20,009 13,638 Victory City International Holdings, Ltd........... 36,937 5,259 Vitasoy International Holdings, Ltd................ 56,000 77,653 VST Holdings, Ltd.................................. 33,600 10,743 # VTech Holdings, Ltd................................ 9,300 130,674 Wai Kee Holdings, Ltd.............................. 52,000 15,266 Wing On Co. International, Ltd..................... 18,000 57,070 Wing Tai Properties, Ltd........................... 6,000 3,812 Xinyi Glass Holdings, Ltd.......................... 200,000 105,456 # Xinyi Solar Holdings, Ltd.......................... 102,000 28,149 YGM Trading, Ltd................................... 4,000 7,064 ---------- TOTAL HONG KONG........................................ 4,129,620 ---------- IRELAND -- (0.5%) Aer Lingus Group P.L.C............................. 12,225 29,520 C&C Group P.L.C.................................... 18,373 71,614 FBD Holdings P.L.C.(4330231)....................... 1,355 16,824 FBD Holdings P.L.C.(0329028)....................... 1,308 16,476 Glanbia P.L.C...................................... 9,204 148,185 Irish Continental Group P.L.C.(BLP5857)............ 7,370 27,248 Irish Continental Group P.L.C.(BLP59W1)............ 3,760 14,001 * Kenmare Resources P.L.C............................ 51,008 2,625 Kingspan Group P.L.C.(0492793)..................... 7,217 131,579 Kingspan Group P.L.C.(4491235)..................... 841 15,196 Paddy Power P.L.C.(4828974)........................ 1,492 116,280 Paddy Power P.L.C.(0258810)........................ 859 66,999 1624 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- IRELAND -- (Continued) Smurfit Kappa Group P.L.C.......................... 5,921 $145,570 -------- TOTAL IRELAND.......................................... 802,117 -------- ISRAEL -- (0.6%) * Africa Israel Investments, Ltd..................... 2,681 2,371 * Airport City, Ltd.................................. 1,949 16,070 * Allot Communications, Ltd.......................... 809 7,355 * AudioCodes, Ltd.................................... 1,200 6,129 * Cellcom Israel, Ltd................................ 5,134 27,112 * Clal Biotechnology Industries, Ltd................. 4,323 3,806 * Clal Insurance Enterprises Holdings, Ltd........... 1,159 16,753 * Compugen, Ltd...................................... 1,403 10,840 Delek Automotive Systems, Ltd...................... 4,148 39,742 Delta-Galil Industries, Ltd........................ 357 10,245 * EZchip Semiconductor, Ltd.......................... 2,235 41,917 First International Bank Of Israel, Ltd............ 1,950 24,464 Frutarom Industries, Ltd........................... 3,358 105,222 * Hadera Paper, Ltd.................................. 146 2,538 Harel Insurance Investments & Financial Services, Ltd.............................................. 11,530 51,318 * Israel Discount Bank, Ltd. Class A................. 18,996 29,679 Ituran Location and Control, Ltd................... 1,452 30,445 * Jerusalem Oil Exploration.......................... 820 24,278 * Kamada, Ltd........................................ 1,265 5,129 Matrix IT, Ltd..................................... 1,899 8,646 * Mazor Robotics, Ltd................................ 1,564 8,025 Melisron, Ltd...................................... 1,177 34,272 Menorah Mivtachim Holdings, Ltd.................... 1,117 9,825 Migdal Insurance & Financial Holding, Ltd.......... 34,652 41,256 * Naphtha Israel Petroleum Corp., Ltd................ 1,752 8,908 * Nitsba Holdings 1995, Ltd.......................... 1,363 18,600 * Nova Measuring Instruments, Ltd.................... 1,136 12,471 * Oil Refineries, Ltd................................ 86,916 25,282 Ormat Industries................................... 4,101 28,735 * Partner Communications Co., Ltd.................... 7,236 24,506 Paz Oil Co., Ltd................................... 419 53,616 Phoenix Holdings, Ltd. (The)....................... 4,361 12,305 Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 415 16,388 Shikun & Binui, Ltd................................ 16,842 31,897 Shufersal, Ltd..................................... 4,123 8,487 * Strauss Group, Ltd................................. 514 7,529 * Tower Semiconductor, Ltd........................... 3,073 46,459 -------- TOTAL ISRAEL........................................... 852,620 -------- ITALY -- (3.4%) A2A SpA............................................ 100,330 95,624 ACEA SpA........................................... 3,393 38,142 Amplifon SpA....................................... 9,533 57,026 Ansaldo STS SpA.................................... 10,015 100,640 #* Arnoldo Mondadori Editore SpA...................... 7,418 7,734 # Astaldi SpA........................................ 5,928 37,683 * Autogrill SpA...................................... 9,775 83,506 Azimut Holding SpA................................. 8,914 207,797 1625 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- ITALY -- (Continued) #* Banca Carige SpA................................... 173,502 $ 11,618 Banca Generali SpA................................. 3,557 99,367 Banca IFIS SpA..................................... 1,366 23,500 * Banca Popolare dell'Emilia Romagna SC.............. 32,280 217,701 #* Banca Popolare dell'Etruria e del Lazio SC......... 25,255 14,834 * Banca Popolare di Milano Scarl..................... 385,684 308,729 Banca Popolare di Sondrio SCARL.................... 34,327 133,292 # Banca Profilo SpA.................................. 12,870 5,444 Banco di Desio e della Brianza SpA................. 5,000 12,913 * Banco Popolare SC.................................. 17,660 222,869 Brembo SpA......................................... 1,837 64,739 # Brunello Cucinelli SpA............................. 2,157 44,372 Buzzi Unicem SpA................................... 5,951 73,057 * Caltagirone Editore SpA............................ 3,000 3,024 * Carraro SpA........................................ 1,070 2,527 # Cementir Holding SpA............................... 3,618 24,207 * CIR-Compagnie Industriali Riunite SpA.............. 26,265 28,986 # Credito Emiliano SpA............................... 5,091 39,610 * Credito Valtellinese SC............................ 85,436 96,136 Danieli & C Officine Meccaniche SpA................ 2,142 52,519 Datalogic SpA...................................... 1,800 20,200 Davide Campari-Milano SpA.......................... 22,614 153,288 De'Longhi SpA...................................... 4,801 86,546 DiaSorin SpA....................................... 1,751 69,907 * Ei Towers SpA...................................... 1,898 94,183 Engineering SpA.................................... 287 14,006 ERG SpA............................................ 5,526 65,797 Esprinet SpA....................................... 2,060 14,087 Falck Renewables SpA............................... 2,864 3,158 * Finmeccanica SpA................................... 29,283 319,816 #* Geox SpA........................................... 3,764 12,752 #* Gruppo Editoriale L'Espresso SpA................... 7,849 9,925 GTECH SpA.......................................... 4,346 85,420 Hera SpA........................................... 55,107 135,054 * IMMSI SpA.......................................... 8,658 6,219 Industria Macchine Automatiche SpA................. 1,436 63,314 * Intek Group SpA.................................... 17,854 6,791 Interpump Group SpA................................ 6,485 92,432 Iren SpA........................................... 50,122 58,142 Italcementi SpA.................................... 9,839 67,738 Italmobiliare SpA.................................. 273 7,044 * Landi Renzo SpA.................................... 1,740 2,025 #* Maire Tecnimont SpA................................ 9,016 19,846 MARR SpA........................................... 3,575 62,476 * Mediaset SpA....................................... 47,867 217,368 #* Piaggio & C SpA.................................... 17,456 53,136 Prysmian SpA....................................... 11,938 220,836 Recordati SpA...................................... 9,617 158,937 Reply SpA.......................................... 276 21,353 Sabaf SpA.......................................... 217 2,912 SAES Getters SpA................................... 616 4,622 * Safilo Group SpA................................... 2,996 42,721 * Salini Impregilo SpA............................... 5,069 18,487 1626 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) Salvatore Ferragamo SpA............................ 945 $ 27,356 #* Saras SpA.......................................... 16,283 18,232 Societa Cattolica di Assicurazioni S.c.r.l......... 10,417 80,342 Societa Iniziative Autostradali e Servizi SpA...... 5,499 54,980 #* Sogefi SpA......................................... 3,015 8,703 SOL SpA............................................ 2,651 20,973 * Sorin SpA.......................................... 28,294 65,662 #* Tiscali SpA........................................ 110,959 6,761 # Tod's SpA.......................................... 268 27,538 Trevi Finanziaria Industriale SpA.................. 6,018 18,209 Unipol Gruppo Finanziario SpA...................... 22,942 115,702 Vianini Lavori SpA................................. 3,006 17,945 Vittoria Assicurazioni SpA......................... 2,848 29,782 #* World Duty Free SpA................................ 9,775 107,678 * Yoox SpA........................................... 3,918 84,775 Zignago Vetro SpA.................................. 1,896 11,602 ---------- TOTAL ITALY............................................ 5,014,374 ---------- JAPAN -- (19.9%) 77 Bank, Ltd. (The)................................ 20,000 110,609 Accordia Golf Co., Ltd............................. 7,000 71,278 Achilles Corp...................................... 6,000 7,704 # Adastria Holdings Co., Ltd......................... 1,020 26,866 ADEKA Corp......................................... 7,200 88,324 Aderans Co., Ltd................................... 1,700 15,091 Advan Co., Ltd..................................... 2,000 22,382 Aeon Co., Ltd...................................... 2,726 28,787 Aeon Delight Co., Ltd.............................. 1,100 24,636 Aeon Fantasy Co., Ltd.............................. 1,152 15,439 Ahresty Corp....................................... 700 3,807 Ai Holdings Corp................................... 3,200 55,718 Aica Kogyo Co., Ltd................................ 3,000 66,776 Aichi Bank, Ltd. (The)............................. 600 29,441 Aichi Steel Corp................................... 7,000 29,019 Aichi Tokei Denki Co., Ltd......................... 3,000 8,291 # Aida Engineering, Ltd.............................. 4,000 39,546 Ain Pharmaciez, Inc................................ 1,200 38,675 # Aiphone Co., Ltd................................... 1,100 17,257 Aisan Industry Co., Ltd............................ 1,570 13,688 Akebono Brake Industry Co., Ltd.................... 6,500 22,950 Akita Bank, Ltd. (The)............................. 15,000 41,594 # Alpen Co., Ltd..................................... 800 11,751 Alpine Electronics, Inc............................ 3,800 58,768 Alps Logistics Co., Ltd............................ 1,000 11,535 Amano Corp......................................... 4,200 44,641 # Anritsu Corp....................................... 7,300 47,863 AOI Electronic Co., Ltd............................ 900 40,539 AOKI Holdings, Inc................................. 3,200 37,132 Aomori Bank, Ltd. (The)............................ 17,000 50,238 Aoyama Trading Co., Ltd............................ 4,600 154,603 Arakawa Chemical Industries, Ltd................... 1,800 18,276 Arata Corp......................................... 2,000 5,503 Arcland Sakamoto Co., Ltd.......................... 1,500 27,979 1627 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) Arcs Co., Ltd...................................... 2,200 $45,328 Ariake Japan Co., Ltd.............................. 900 24,450 Arisawa Manufacturing Co., Ltd..................... 1,000 7,615 Artnature, Inc..................................... 1,000 10,456 As One Corp........................................ 990 26,487 Asahi Diamond Industrial Co., Ltd.................. 5,000 50,977 Asahi Holdings, Inc................................ 2,900 43,037 Asahi Intecc Co., Ltd.............................. 900 47,699 Asahi Kogyosha Co., Ltd............................ 3,000 10,300 Asahi Organic Chemicals Industry Co., Ltd.......... 3,000 7,406 Asatsu-DK, Inc..................................... 2,100 52,532 #* Ashimori Industry Co., Ltd......................... 3,000 4,052 # ASKA Pharmaceutical Co., Ltd....................... 2,000 21,363 # ASKUL Corp......................................... 1,100 17,104 Asunaro Aoki Construction Co., Ltd................. 4,000 27,069 Atsugi Co., Ltd.................................... 15,000 14,872 Autobacs Seven Co., Ltd............................ 4,500 65,883 Avex Group Holdings, Inc........................... 2,100 35,413 Awa Bank, Ltd. (The)............................... 11,000 59,283 Axial Retailing, Inc............................... 1,200 27,615 Azbil Corp......................................... 2,200 54,663 Bando Chemical Industries, Ltd..................... 5,000 18,200 Bank of Iwate, Ltd. (The).......................... 1,300 52,836 Bank of Nagoya, Ltd. (The)......................... 9,000 32,405 Bank of Okinawa, Ltd. (The)........................ 1,300 52,018 Bank of Saga, Ltd. (The)........................... 9,000 20,545 Bank of the Ryukyus, Ltd........................... 4,000 55,337 Belc Co., Ltd...................................... 1,000 27,745 Belluna Co., Ltd................................... 2,800 11,988 Best Denki Co., Ltd................................ 2,500 3,131 # Bic Camera, Inc.................................... 4,500 51,005 BML, Inc........................................... 1,000 26,754 Bookoff Corp....................................... 1,000 7,296 Broadleaf Co., Ltd................................. 1,400 21,608 Bunka Shutter Co., Ltd............................. 2,984 24,110 CAC Holdings Corp.................................. 1,700 16,288 Calsonic Kansei Corp............................... 16,000 90,914 Canon Electronics, Inc............................. 1,500 26,530 Capcom Co., Ltd.................................... 3,400 56,963 Cawachi, Ltd....................................... 1,300 20,722 Central Glass Co., Ltd............................. 17,000 71,391 Chiba Kogyo Bank, Ltd. (The)....................... 3,200 21,814 Chiyoda Co., Ltd................................... 1,700 36,168 Chofu Seisakusho Co., Ltd.......................... 1,800 45,219 Chori Co., Ltd..................................... 500 8,098 Chuetsu Pulp & Paper Co., Ltd...................... 8,000 20,106 * Chugai Mining Co., Ltd............................. 5,000 1,190 Chugai Ro Co., Ltd................................. 7,000 16,290 Chugoku Marine Paints, Ltd......................... 4,000 35,209 Chukyo Bank, Ltd. (The)............................ 7,000 12,297 Chuo Spring Co., Ltd............................... 5,000 13,993 CKD Corp........................................... 4,700 44,770 #* Clarion Co., Ltd................................... 13,000 38,350 1628 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Cleanup Corp....................................... 2,000 $ 14,800 # CMIC Holdings Co., Ltd............................. 600 10,243 * CMK Corp........................................... 2,000 5,655 # Coca-Cola East Japan Co., Ltd...................... 2,970 49,450 Cocokara fine, Inc................................. 2,579 63,903 # Colowide Co., Ltd.................................. 2,100 35,422 Computer Engineering & Consulting, Ltd............. 1,500 12,818 CONEXIO Corp....................................... 1,300 11,695 * COOKPAD, Inc....................................... 1,000 40,024 Corona Corp........................................ 1,300 12,891 Cosel Co., Ltd..................................... 1,600 17,197 # Cosmo Oil Co., Ltd................................. 61,000 82,245 CREATE SD HOLDINGS Co., Ltd........................ 1,000 33,977 # CROOZ, Inc......................................... 600 10,322 Cybozu, Inc........................................ 4,100 12,381 Dai Nippon Toryo Co., Ltd.......................... 11,000 14,206 Dai-Dan Co., Ltd................................... 3,000 17,032 Daibiru Corp....................................... 5,200 45,752 Daido Metal Co., Ltd............................... 3,000 28,158 Daifuku Co., Ltd................................... 7,000 80,192 Daihen Corp........................................ 11,000 53,062 Daiichi Jitsugyo Co., Ltd.......................... 4,000 20,659 Daiichikosho Co., Ltd.............................. 1,100 31,856 Daiken Corp........................................ 9,000 20,392 Daiki Aluminium Industry Co., Ltd.................. 3,000 7,942 Daikoku Denki Co., Ltd............................. 900 14,415 Daikyo, Inc........................................ 30,000 44,335 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 4,000 21,779 Daio Paper Corp.................................... 6,000 51,819 Daisan Bank, Ltd. (The)............................ 8,000 13,265 Daiseki Co., Ltd................................... 2,130 36,116 Daishi Bank, Ltd. (The)............................ 23,000 76,527 Daiso Co., Ltd..................................... 1,000 3,727 Daisyo Corp........................................ 1,600 20,177 Daito Bank, Ltd. (The)............................. 10,000 12,018 Daiwa Industries, Ltd.............................. 3,000 18,230 Daiwabo Holdings Co., Ltd.......................... 22,000 36,687 DCM Holdings Co., Ltd.............................. 11,100 74,058 # Dena Co., Ltd...................................... 6,800 89,418 Denki Kagaku Kogyo K.K............................. 11,000 43,341 Denki Kogyo Co., Ltd............................... 3,000 13,288 Denyo Co., Ltd..................................... 2,000 33,029 Descente, Ltd...................................... 5,000 56,675 DMG Mori Seiki Co., Ltd............................ 9,600 124,520 Doshisha Co., Ltd.................................. 1,200 18,731 Doutor Nichires Holdings Co., Ltd.................. 2,212 31,439 # Dr Ci:Labo Co., Ltd................................ 700 24,049 DTS Corp........................................... 1,200 25,189 # Duskin Co., Ltd.................................... 2,700 42,614 Dydo Drinco, Inc................................... 500 20,529 Eagle Industry Co., Ltd............................ 2,000 37,250 Earth Chemical Co., Ltd............................ 1,100 36,742 # EDION Corp......................................... 10,900 80,835 1629 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Ehime Bank, Ltd. (The)............................. 10,000 $ 21,260 Eighteenth Bank, Ltd. (The)........................ 16,000 46,248 Eiken Chemical Co., Ltd............................ 2,000 31,071 Eizo Corp.......................................... 1,100 23,899 en-japan, Inc...................................... 800 11,623 # Enplas Corp........................................ 700 24,979 EPS Holdings, Inc.................................. 2,000 24,787 ESPEC Corp......................................... 2,000 18,107 Exedy Corp......................................... 2,800 61,575 # F@N Communications, Inc............................ 1,800 20,258 Fancl Corp......................................... 2,700 43,213 FCC Co., Ltd....................................... 2,100 39,925 * Feed One Holdings Co., Ltd......................... 4,400 4,109 # FIDEA Holdings Co., Ltd............................ 7,400 13,175 # Fields Corp........................................ 1,100 13,981 Foster Electric Co., Ltd........................... 2,000 37,571 FP Corp............................................ 1,800 62,822 France Bed Holdings Co., Ltd....................... 8,000 12,207 Fudo Tetra Corp.................................... 7,300 14,899 # Fuji Co. Ltd/Ehime................................. 1,500 27,232 Fuji Corp., Ltd.................................... 3,000 17,053 Fuji Kosan Co., Ltd................................ 600 3,049 Fuji Kyuko Co., Ltd................................ 4,000 42,011 Fuji Oil Co. Ltd/Osaka............................. 3,500 44,968 Fuji Oil Co., Ltd.................................. 1,800 5,367 Fuji Seal International, Inc....................... 1,200 38,343 Fuji Soft, Inc..................................... 2,700 54,031 Fujibo Holdings, Inc............................... 8,000 21,084 Fujicco Co., Ltd................................... 1,400 24,993 Fujikura Kasei Co., Ltd............................ 2,000 9,716 Fujikura, Ltd...................................... 29,000 120,484 Fujimi, Inc........................................ 1,400 21,742 Fujimori Kogyo Co., Ltd............................ 800 22,603 Fujitec Co., Ltd................................... 4,000 40,991 Fujitsu Frontech, Ltd.............................. 2,000 22,895 Fujitsu General, Ltd............................... 6,000 58,853 * Fujiya Co., Ltd.................................... 2,000 3,278 Fukuda Corp........................................ 3,000 23,831 Fukui Bank, Ltd. (The)............................. 16,000 35,695 Fukushima Bank, Ltd. (The)......................... 14,000 10,307 Fukushima Industries Corp.......................... 1,500 22,507 # Fukuyama Transporting Co., Ltd..................... 7,000 39,141 Funai Electric Co., Ltd............................ 600 7,226 Furukawa Co., Ltd.................................. 18,000 29,543 # Furukawa Electric Co., Ltd......................... 47,000 78,184 Furusato Industries, Ltd........................... 1,000 13,466 Fuso Pharmaceutical Industries, Ltd................ 5,000 12,837 Futaba Corp........................................ 1,500 24,148 Futaba Industrial Co., Ltd......................... 3,500 17,480 Future Architect, Inc.............................. 2,600 14,215 Fuyo General Lease Co., Ltd........................ 1,000 32,191 G-Tekt Corp........................................ 1,800 17,150 Gakken Holdings Co., Ltd........................... 3,000 6,313 1630 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Gecoss Corp........................................ 3,500 $ 46,637 Geo Holdings Corp.................................. 1,800 17,612 # GLOBERIDE, Inc..................................... 10,000 16,199 Glory, Ltd......................................... 1,700 44,551 GMO internet, Inc.................................. 6,000 49,540 GMO Payment Gateway, Inc........................... 800 13,872 Godo Steel, Ltd.................................... 6,000 9,655 Goldcrest Co., Ltd................................. 1,190 18,546 Goldwin, Inc....................................... 2,000 11,233 Gulliver International Co., Ltd.................... 2,200 17,461 Gun-Ei Chemical Industry Co., Ltd.................. 7,000 20,208 Gunze, Ltd......................................... 19,000 49,216 Gurunavi, Inc...................................... 1,000 15,957 H2O Retailing Corp................................. 5,205 91,937 Hakuto Co., Ltd.................................... 1,400 14,476 Hamakyorex Co., Ltd................................ 400 14,141 Hanwa Co., Ltd..................................... 23,000 85,921 Happinet Corp...................................... 1,800 20,057 Haruyama Trading Co., Ltd.......................... 1,400 8,565 Hazama Ando Corp................................... 7,210 47,222 Heiwa Corp......................................... 2,800 56,321 Heiwa Real Estate Co., Ltd......................... 5,400 76,845 Heiwado Co., Ltd................................... 2,500 53,003 HI-LEX Corp........................................ 1,100 31,514 Hibiya Engineering, Ltd............................ 3,000 39,562 Hiday Hidaka Corp.................................. 600 18,872 Higashi Nihon House Co., Ltd....................... 2,000 8,734 Higashi-Nippon Bank, Ltd. (The).................... 9,000 25,324 Higo Bank, Ltd. (The).............................. 14,000 75,916 Hioki EE Corp...................................... 300 4,513 HIS Co., Ltd....................................... 1,400 48,005 Hisaka Works, Ltd.................................. 2,000 16,377 Hitachi Koki Co., Ltd.............................. 4,100 29,529 Hitachi Kokusai Electric, Inc...................... 2,000 27,184 Hitachi Transport System, Ltd...................... 4,200 54,946 Hitachi Zosen Corp................................. 16,700 91,501 Hodogaya Chemical Co., Ltd......................... 4,000 6,495 Hogy Medical Co., Ltd.............................. 1,100 57,184 # Hokkaido Coca-Cola Bottling Co., Ltd............... 3,000 13,425 # Hokkaido Gas Co., Ltd.............................. 4,000 9,789 Hokkan Holdings, Ltd............................... 6,000 15,256 Hokkoku Bank, Ltd. (The)........................... 29,000 92,525 Hokuetsu Bank, Ltd. (The).......................... 16,000 29,115 Hokuetsu Kishu Paper Co., Ltd...................... 11,500 54,163 # Hokuriku Electric Industry Co., Ltd................ 4,000 5,945 Hokuto Corp........................................ 1,600 29,449 # Honeys Co., Ltd.................................... 770 6,866 # Hoosiers Holdings Co., Ltd......................... 700 2,933 Horiba, Ltd........................................ 2,200 71,657 # Hosiden Corp....................................... 3,100 16,645 # Hosokawa Micron Corp............................... 2,000 12,338 # House Foods Group, Inc............................. 5,200 104,033 Howa Machinery, Ltd................................ 500 3,148 1631 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Hyakugo Bank, Ltd. (The)................................... 19,000 $ 80,447 Hyakujushi Bank, Ltd. (The)................................ 29,000 97,349 IBJ Leasing Co., Ltd....................................... 900 16,953 Ichibanya Co., Ltd......................................... 400 16,585 # Ichikoh Industries, Ltd.................................... 4,000 8,232 Ichiyoshi Securities Co., Ltd.............................. 4,100 41,481 Icom, Inc.................................................. 700 16,262 Idec Corp.................................................. 1,600 14,115 Ihara Chemical Industry Co., Ltd........................... 4,000 44,895 Iino Kaiun Kaisha, Ltd..................................... 7,300 42,606 Ikyu Corp.................................................. 900 11,740 Imasen Electric Industrial................................. 801 10,336 Inaba Denki Sangyo Co., Ltd................................ 1,400 47,278 # Inaba Seisakusho Co., Ltd.................................. 1,200 13,598 Inabata & Co., Ltd......................................... 4,000 36,453 Inageya Co., Ltd........................................... 2,000 22,148 Ines Corp.................................................. 3,600 26,885 # Internet Initiative Japan, Inc............................. 2,600 54,539 Inui Global Logistics Co., Ltd............................. 525 4,366 Iriso Electronics Co., Ltd................................. 900 52,315 # Iseki & Co., Ltd........................................... 14,000 26,709 * Ishihara Sangyo Kaisha, Ltd................................ 24,000 20,833 IT Holdings Corp........................................... 8,200 136,205 Itochu Enex Co., Ltd....................................... 4,000 31,181 Itochu-Shokuhin Co., Ltd................................... 600 20,463 Itoham Foods, Inc.......................................... 8,631 49,277 Itoki Corp................................................. 3,000 14,812 Iwasaki Electric Co., Ltd.................................. 4,000 7,886 # Iwatani Corp............................................... 6,000 38,735 Iwatsu Electric Co., Ltd................................... 3,000 2,462 # J-Oil Mills, Inc........................................... 6,000 21,458 Jamco Corp................................................. 2,000 54,289 #* Janome Sewing Machine Co., Ltd............................. 23,000 26,588 Japan Aviation Electronics Industry, Ltd................... 3,000 67,803 #* Japan Communications, Inc.................................. 7,100 30,387 Japan Digital Laboratory Co., Ltd.......................... 2,300 31,810 # Japan Drilling Co., Ltd.................................... 600 21,474 # Japan Medical Dynamic Marketing, Inc....................... 770 3,754 Japan Pulp & Paper Co., Ltd................................ 5,000 14,089 # Japan Steel Works, Ltd. (The).............................. 26,000 104,005 Japan Transcity Corp....................................... 3,000 9,621 Japan Vilene Co., Ltd...................................... 3,000 15,257 Japan Wool Textile Co., Ltd. (The)......................... 6,000 40,007 JBCC Holdings, Inc......................................... 2,000 12,907 Jeol, Ltd.................................................. 4,000 19,367 Jimoto Holdings, Inc....................................... 10,000 18,740 # Jin Co., Ltd............................................... 1,100 33,515 Joshin Denki Co., Ltd...................................... 2,000 16,836 Jowa Holdings Co., Ltd..................................... 800 24,742 JSP Corp................................................... 1,900 37,970 # Juki Corp.................................................. 11,000 35,955 Juroku Bank, Ltd. (The).................................... 25,000 82,494 * JVC Kenwood Corp........................................... 13,070 30,982 1632 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) K&O Energy Group, Inc....................................... 1,000 $12,847 # K's Holdings Corp........................................... 2,700 79,299 # kabu.com Securities Co., Ltd................................ 7,800 42,203 * Kadokawa Dwango Corp........................................ 4,169 61,713 Kaga Electronics Co., Ltd................................... 900 11,435 # Kagome Co., Ltd............................................. 2,300 36,424 Kagoshima Bank, Ltd. (The).................................. 11,000 68,831 Kaken Pharmaceutical Co., Ltd............................... 3,000 63,836 Kameda Seika Co., Ltd....................................... 1,200 40,466 Kamei Corp.................................................. 2,000 13,218 Kanaden Corp................................................ 3,000 20,238 # Kanagawa Chuo Kotsu Co., Ltd................................ 4,000 20,066 Kanamoto Co., Ltd........................................... 2,000 52,035 Kandenko Co., Ltd........................................... 9,000 53,206 Kanematsu Corp.............................................. 37,025 52,738 Kanematsu Electronics, Ltd.................................. 500 7,524 # Kansai Urban Banking Corp................................... 1,100 11,072 * Kanto Denka Kogyo Co., Ltd.................................. 4,000 18,967 * Kappa Create Holdings Co., Ltd.............................. 400 3,907 # Kasumi Co., Ltd............................................. 1,900 15,936 # Katakura Industries Co., Ltd................................ 900 9,333 Kato Sangyo Co., Ltd........................................ 2,000 36,669 Kato Works Co., Ltd......................................... 4,000 31,275 # KAWADA TECHNOLOGIES, Inc.................................... 200 7,110 Kawai Musical Instruments Manufacturing Co., Ltd............ 500 9,874 Keihin Corp................................................. 2,900 46,224 Keiyo Bank, Ltd. (The)...................................... 7,000 38,190 # Keiyo Co., Ltd.............................................. 2,000 9,497 KEY Coffee, Inc............................................. 1,300 18,741 # KFC Holdings Japan, Ltd..................................... 1,000 18,598 Kintetsu World Express, Inc................................. 1,200 51,098 Kinugawa Rubber Industrial Co., Ltd......................... 3,000 13,444 Kissei Pharmaceutical Co., Ltd.............................. 1,100 32,999 Kita-Nippon Bank, Ltd. (The)................................ 400 10,521 Kitagawa Iron Works Co., Ltd................................ 7,000 13,990 Kitz Corp................................................... 4,800 22,793 Kiyo Bank, Ltd. (The)....................................... 4,800 59,882 * KNT-CT Holdings Co., Ltd.................................... 6,000 8,179 Koa Corp.................................................... 1,500 13,735 Koatsu Gas Kogyo Co., Ltd................................... 4,000 20,391 Koei Tecmo Holdings Co., Ltd................................ 3,000 45,243 # Kohnan Shoji Co., Ltd....................................... 2,000 22,609 Koike Sanso Kogyo Co., Ltd.................................. 4,000 14,275 Kojima Co., Ltd............................................. 2,300 6,149 Kokuyo Co., Ltd............................................. 5,900 44,968 Komatsu Seiren Co., Ltd..................................... 4,000 18,100 Komeri Co., Ltd............................................. 3,200 68,634 Komori Corp................................................. 3,200 34,594 Konaka Co., Ltd............................................. 1,760 9,192 Konishi Co., Ltd............................................ 2,000 34,279 #* Kumagai Gumi Co., Ltd....................................... 8,000 25,318 Kumiai Chemical Industry Co., Ltd........................... 2,481 19,308 Kura Corp................................................... 1,200 36,154 1633 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Kurabo Industries, Ltd..................................... 18,000 $ 30,186 # Kureha Corp................................................ 12,000 49,991 Kurimoto, Ltd.............................................. 11,000 20,636 # Kuroda Electric Co., Ltd................................... 4,500 64,472 Kusuri No Aoki Co., Ltd.................................... 600 39,860 KYB Co., Ltd............................................... 20,000 79,363 Kyodo Printing Co., Ltd.................................... 9,000 30,165 Kyoei Steel, Ltd........................................... 1,200 22,296 Kyokuto Kaihatsu Kogyo Co., Ltd............................ 2,300 26,001 Kyokuto Securities Co., Ltd................................ 1,100 15,844 Kyokuyo Co., Ltd........................................... 3,000 7,055 KYORIN Holdings, Inc....................................... 2,900 58,635 # Kyoritsu Maintenance Co., Ltd.............................. 1,000 55,858 Kyosan Electric Manufacturing Co., Ltd..................... 5,000 15,913 Kyowa Exeo Corp............................................ 6,200 65,433 Kyudenko Corp.............................................. 3,000 40,291 Lasertec Corp.............................................. 800 9,895 * Leopalace21 Corp........................................... 19,400 125,524 # Life Corp.................................................. 2,000 28,615 Lintec Corp................................................ 2,700 59,414 # Lion Corp.................................................. 14,000 76,054 # Macnica, Inc............................................... 800 23,578 Maeda Corp................................................. 11,000 84,279 Maeda Road Construction Co., Ltd........................... 6,000 94,684 Maezawa Kasei Industries Co., Ltd.......................... 1,200 13,230 Maezawa Kyuso Industries Co., Ltd.......................... 1,200 14,866 Makino Milling Machine Co., Ltd............................ 7,000 60,148 Mandom Corp................................................ 1,100 37,141 Mani, Inc.................................................. 500 29,333 # Mars Engineering Corp...................................... 700 12,384 Marubun Corp............................................... 1,900 12,742 Marudai Food Co., Ltd...................................... 5,000 17,908 Maruha Nichiro Corp........................................ 2,253 33,520 Marukyu Co., Ltd........................................... 2,000 20,678 Marusan Securities Co., Ltd................................ 6,000 41,480 Maruwa Co., Ltd............................................ 700 18,908 Maruyama Manufacturing Co., Inc............................ 3,000 5,857 #* Maruzen CHI Holdings Co., Ltd.............................. 400 1,208 # Maruzen Showa Unyu Co., Ltd................................ 6,000 20,207 # Marvelous, Inc............................................. 3,300 49,482 Matsuda Sangyo Co., Ltd.................................... 1,225 13,903 Matsumotokiyoshi Holdings Co., Ltd......................... 2,200 72,502 Matsuya Foods Co., Ltd..................................... 1,000 20,986 Max Co., Ltd............................................... 4,000 43,478 Maxvalu Tokai Co., Ltd..................................... 1,000 15,285 Megachips Corp............................................. 1,600 19,223 Megmilk Snow Brand Co., Ltd................................ 3,900 53,616 Meidensha Corp............................................. 12,000 35,794 Meiko Network Japan Co., Ltd............................... 2,600 26,902 Meisei Industrial Co., Ltd................................. 5,000 29,629 Meitec Corp................................................ 1,900 55,445 Meito Sangyo Co., Ltd...................................... 1,200 11,929 # Meiwa Corp................................................. 3,000 11,714 1634 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) Meiwa Estate Co., Ltd....................................... 1,700 $ 7,058 Melco Holdings, Inc......................................... 1,400 22,097 Message Co., Ltd............................................ 1,100 29,368 # Michinoku Bank, Ltd. (The).................................. 9,000 16,873 # Micronics Japan Co., Ltd.................................... 700 18,928 Mie Bank, Ltd. (The)........................................ 5,000 11,081 Milbon Co., Ltd............................................. 600 16,972 Mimasu Semiconductor Industry Co., Ltd...................... 1,219 13,791 Minato Bank, Ltd. (The)..................................... 21,000 40,423 # Ministop Co., Ltd........................................... 1,500 20,241 Mirait Holdings Corp........................................ 4,400 51,012 Misawa Homes Co., Ltd....................................... 2,000 17,719 Mitani Corp................................................. 1,200 27,605 Mito Securities Co., Ltd.................................... 4,000 13,898 Mitsuba Corp................................................ 4,000 70,984 * Mitsubishi Paper Mills, Ltd................................. 13,000 9,569 Mitsubishi Pencil Co., Ltd.................................. 300 8,862 Mitsubishi Shokuhin Co., Ltd................................ 800 17,758 Mitsubishi Steel Manufacturing Co., Ltd..................... 14,000 28,342 Mitsuboshi Belting Co., Ltd................................. 5,000 40,866 Mitsui Engineering & Shipbuilding Co., Ltd.................. 58,000 94,296 Mitsui High-Tec, Inc........................................ 3,300 22,213 Mitsui Matsushima Co., Ltd.................................. 10,000 10,567 Mitsui Mining & Smelting Co., Ltd........................... 32,000 66,822 Mitsui Sugar Co., Ltd....................................... 6,000 20,346 Mitsui-Soko Holdings Co., Ltd............................... 10,000 33,525 Mitsumi Electric Co., Ltd................................... 7,500 57,199 Mitsuuroko Group Holdings Co., Ltd.......................... 3,000 14,216 Miura Co., Ltd.............................................. 6,000 67,770 Miyazaki Bank, Ltd. (The)................................... 11,000 38,110 Mizuno Corp................................................. 9,000 44,261 Mochida Pharmaceutical Co., Ltd............................. 1,400 76,877 # Monex Group, Inc............................................ 23,900 49,067 # MonotaRO Co., Ltd........................................... 2,500 63,418 Morinaga & Co., Ltd......................................... 16,000 49,780 Morinaga Milk Industry Co., Ltd............................. 14,000 60,524 Morita Holdings Corp........................................ 4,000 44,147 Moshi Moshi Hotline, Inc.................................... 1,500 16,551 Musashi Seimitsu Industry Co., Ltd.......................... 1,200 22,595 Musashino Bank, Ltd. (The).................................. 2,900 95,056 Nachi-Fujikoshi Corp........................................ 13,000 69,903 Nafco Co., Ltd.............................................. 400 5,454 Nagaileben Co., Ltd......................................... 800 13,228 Nagano Bank, Ltd. (The)..................................... 6,000 10,621 Nagase & Co., Ltd........................................... 3,500 43,511 Nagatanien Co., Ltd......................................... 2,000 19,299 Nakamuraya Co., Ltd......................................... 3,000 12,154 Nakanishi, Inc.............................................. 1,000 36,610 * Nakayama Steel Works, Ltd................................... 5,000 3,425 Namura Shipbuilding Co., Ltd................................ 4,096 41,457 Nanto Bank, Ltd. (The)...................................... 14,000 46,934 NDS Co., Ltd................................................ 5,000 12,741 NEC Networks & System Integration Corp...................... 1,700 36,534 1635 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) NET One Systems Co., Ltd................................... 6,200 $ 37,055 Neturen Co., Ltd........................................... 2,600 19,380 Nichi-iko Pharmaceutical Co., Ltd.......................... 2,850 51,322 Nichia Steel Works, Ltd.................................... 4,000 11,644 # Nichias Corp............................................... 6,000 32,942 Nichicon Corp.............................................. 4,800 36,535 Nichiha Corp............................................... 1,500 16,056 # Nichii Gakkan Co........................................... 2,900 30,251 Nichirei Corp.............................................. 20,000 106,018 Nichireki Co., Ltd......................................... 2,000 15,722 Nifco, Inc................................................. 2,800 96,452 Nihon Dempa Kogyo Co., Ltd................................. 600 4,783 Nihon Eslead Corp.......................................... 1,000 10,408 Nihon M&A Center, Inc...................................... 2,300 79,824 Nihon Nohyaku Co., Ltd..................................... 5,000 58,805 Nihon Parkerizing Co., Ltd................................. 2,000 47,682 # Nihon Trim Co., Ltd........................................ 500 11,216 Nihon Unisys, Ltd.......................................... 4,200 36,724 Nihon Yamamura Glass Co., Ltd.............................. 8,000 11,590 Nikkiso Co., Ltd........................................... 4,000 35,201 Nippo Corp................................................. 3,000 46,648 Nippon Beet Sugar Manufacturing Co., Ltd................... 5,000 8,698 Nippon Carbon Co., Ltd..................................... 5,000 10,206 # Nippon Ceramic Co., Ltd.................................... 1,000 15,069 * Nippon Chemi-Con Corp...................................... 10,000 28,216 #* Nippon Chemical Industrial Co., Ltd........................ 2,000 5,280 Nippon Chemiphar Co., Ltd.................................. 3,000 14,256 Nippon Coke & Engineering Co., Ltd......................... 12,500 11,630 # Nippon Concrete Industries Co., Ltd........................ 3,000 14,289 * Nippon Denko Co., Ltd...................................... 6,000 15,123 Nippon Densetsu Kogyo Co., Ltd............................. 4,000 57,395 Nippon Filcon Co., Ltd..................................... 2,000 8,051 Nippon Flour Mills Co., Ltd................................ 12,000 56,914 Nippon Gas Co., Ltd........................................ 2,000 49,170 Nippon Kasei Chemical Co., Ltd............................. 5,000 5,995 #* Nippon Kinzoku Co., Ltd.................................... 3,000 3,641 Nippon Koei Co., Ltd....................................... 5,000 20,097 Nippon Konpo Unyu Soko Co., Ltd............................ 4,000 62,330 #* Nippon Koshuha Steel Co., Ltd.............................. 10,000 9,194 Nippon Light Metal Holdings Co., Ltd....................... 31,000 46,346 Nippon Paper Industries Co., Ltd........................... 5,400 85,153 Nippon Parking Development Co., Ltd........................ 8,300 8,886 Nippon Pillar Packing Co., Ltd............................. 2,000 14,897 Nippon Piston Ring Co., Ltd................................ 7,000 14,083 Nippon Road Co., Ltd. (The)................................ 8,000 38,196 Nippon Seiki Co., Ltd...................................... 2,000 45,230 # Nippon Sharyo, Ltd......................................... 4,000 12,026 * Nippon Sheet Glass Co., Ltd................................ 79,000 72,530 Nippon Shinyaku Co., Ltd................................... 1,000 33,034 Nippon Signal Co., Ltd. (The).............................. 4,500 48,941 Nippon Soda Co., Ltd....................................... 13,000 73,935 Nippon Steel & Sumikin Bussan Corp......................... 6,480 23,674 * Nippon Suisan Kaisha, Ltd.................................. 31,700 109,537 1636 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Nippon Synthetic Chemical Industry Co., Ltd. (The)......... 3,000 $ 18,448 Nippon Thompson Co., Ltd................................... 3,000 14,536 Nippon Valqua Industries, Ltd.............................. 6,000 15,830 #* Nippon Yakin Kogyo Co., Ltd................................ 15,000 29,939 # Nipro Corp................................................. 9,000 78,826 Nishi-Nippon Railroad Co., Ltd............................. 36,000 155,851 Nishimatsu Construction Co., Ltd........................... 25,000 100,429 Nishimatsuya Chain Co., Ltd................................ 3,000 23,897 Nishio Rent All Co., Ltd................................... 1,500 45,948 Nissei Corp................................................ 400 3,505 # Nissha Printing Co., Ltd................................... 2,900 46,486 Nisshin Fudosan Co......................................... 2,800 11,530 Nisshin Oillio Group, Ltd. (The)........................... 10,000 36,371 Nisshin Steel Co., Ltd..................................... 7,348 76,062 Nisshinbo Holdings, Inc.................................... 8,000 89,898 Nissin Corp................................................ 5,000 12,453 Nissin Electric Co., Ltd................................... 2,000 11,875 Nissin Kogyo Co., Ltd...................................... 3,900 59,704 Nitta Corp................................................. 1,300 31,229 Nittan Valve Co., Ltd...................................... 2,000 5,577 Nittetsu Mining Co., Ltd................................... 3,000 10,604 Nitto Boseki Co., Ltd...................................... 8,000 27,979 Nitto Kogyo Corp........................................... 3,000 57,847 Nitto Kohki Co., Ltd....................................... 100 1,862 Nitto Seiko Co., Ltd....................................... 3,000 9,596 Noevir Holdings Co., Ltd................................... 1,100 20,022 NOF Corp................................................... 12,000 76,850 Nomura Co., Ltd............................................ 4,000 37,729 Noritake Co., Ltd.......................................... 8,000 20,074 Noritsu Koki Co., Ltd...................................... 1,200 6,491 Noritz Corp................................................ 2,000 31,488 North Pacific Bank, Ltd.................................... 26,500 98,719 NS Solutions Corp.......................................... 1,400 33,989 NS United Kaiun Kaisha, Ltd................................ 9,000 29,320 NSD Co., Ltd............................................... 1,300 20,074 Nuflare Technology, Inc.................................... 300 10,930 Obara Group, Inc........................................... 600 29,945 Oenon Holdings, Inc........................................ 5,000 9,215 Ogaki Kyoritsu Bank, Ltd. (The)............................ 22,000 67,540 # Ohsho Food Service Corp.................................... 1,100 44,186 Oiles Corp................................................. 2,073 38,256 Oita Bank, Ltd. (The)...................................... 22,000 77,118 Okabe Co., Ltd............................................. 4,000 34,493 Okamoto Industries, Inc.................................... 6,000 21,996 Okamura Corp............................................... 7,300 53,475 Oki Electric Industry Co., Ltd............................. 41,000 83,746 Okinawa Electric Power Co., Inc. (The)..................... 1,077 37,309 OKK Corp................................................... 5,000 6,956 # OKUMA Corp................................................. 11,000 93,599 Okumura Corp............................................... 12,000 54,758 Okura Industrial Co., Ltd.................................. 4,000 11,813 Okuwa Co., Ltd............................................. 2,000 16,307 Olympic Group Corp......................................... 1,800 12,843 1637 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) ONO Sokki Co., Ltd.......................................... 1,500 $11,553 # Onoken Co., Ltd............................................. 2,000 16,364 # Onward Holdings Co., Ltd.................................... 9,000 58,040 Organo Corp................................................. 4,000 16,137 # Origin Electric Co., Ltd.................................... 3,000 12,699 Osaka Steel Co., Ltd........................................ 900 17,012 # OSAKA Titanium Technologies Co., Ltd........................ 1,600 33,525 # Osaki Electric Co., Ltd..................................... 3,000 20,392 OSG Corp.................................................... 5,300 97,582 Oyo Corp.................................................... 900 13,180 Pacific Industrial Co., Ltd................................. 4,000 32,464 * Pacific Metals Co., Ltd..................................... 21,000 56,572 Pack Corp. (The)............................................ 700 13,760 Pal Co., Ltd................................................ 900 23,377 Paltac Corp................................................. 2,500 31,468 PanaHome Corp............................................... 6,000 36,049 Panasonic Industrial Devices SUNX Co., Ltd.................. 2,700 19,037 Panasonic Information Systems............................... 400 10,135 Paramount Bed Holdings Co., Ltd............................. 1,100 30,425 Parco Co., Ltd.............................................. 400 3,407 Paris Miki Holdings, Inc.................................... 1,000 4,057 # Pasco Corp.................................................. 1,000 2,855 Penta-Ocean Construction Co., Ltd........................... 18,000 68,606 Pilot Corp.................................................. 1,500 88,905 Piolax, Inc................................................. 1,000 48,038 #* Pioneer Corp................................................ 21,000 39,491 Plenus Co., Ltd............................................. 1,900 32,674 # Press Kogyo Co., Ltd........................................ 9,000 30,320 Pressance Corp.............................................. 900 28,758 Prima Meat Packers, Ltd..................................... 15,000 39,002 Raito Kogyo Co., Ltd........................................ 4,700 46,565 * Rasa Industries, Ltd........................................ 3,000 3,337 Relo Holdings, Inc.......................................... 600 44,713 Rengo Co., Ltd.............................................. 17,000 71,427 #* Renown, Inc................................................. 3,000 2,848 Resort Solution Co., Ltd.................................... 4,000 8,857 Resorttrust, Inc............................................ 4,000 95,800 Rheon Automatic Machinery Co., Ltd.......................... 2,000 8,309 Rhythm Watch Co., Ltd....................................... 10,000 13,812 Ricoh Leasing Co., Ltd...................................... 1,000 26,171 # Right On Co., Ltd........................................... 1,125 7,094 Riken Corp.................................................. 7,000 27,414 Riken Technos Corp.......................................... 5,000 18,404 # Riken Vitamin Co., Ltd...................................... 2,000 75,838 Ringer Hut Co., Ltd......................................... 1,400 27,501 Riso Kagaku Corp............................................ 2,800 48,680 # Rock Field Co., Ltd......................................... 300 5,348 Rohto Pharmaceutical Co., Ltd............................... 5,500 73,873 Roland DG Corp.............................................. 1,200 35,687 # Round One Corp.............................................. 5,300 33,096 Royal Holdings Co., Ltd..................................... 2,000 28,600 Ryobi, Ltd.................................................. 11,000 29,588 Ryoden Trading Co., Ltd..................................... 3,000 20,632 1638 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Ryosan Co., Ltd............................................ 2,800 $ 59,436 Ryoyo Electro Corp......................................... 2,000 20,812 S Foods, Inc............................................... 2,000 35,880 Sac's Bar Holdings, Inc.................................... 1,650 23,778 Saibu Gas Co., Ltd......................................... 24,000 53,156 Saizeriya Co., Ltd......................................... 2,400 38,849 Sakai Chemical Industry Co., Ltd........................... 7,000 24,910 Sakata INX Corp............................................ 3,000 31,738 Sakata Seed Corp........................................... 2,000 34,736 Sala Corp.................................................. 4,000 20,234 San-A Co., Ltd............................................. 1,000 33,386 San-Ai Oil Co., Ltd........................................ 4,000 26,543 San-In Godo Bank, Ltd. (The)............................... 14,000 114,233 Sanden Corp................................................ 10,000 46,703 Sangetsu Co., Ltd.......................................... 2,100 56,242 #* Sanix, Inc................................................. 2,900 9,316 Sanken Electric Co., Ltd................................... 10,000 81,792 Sanki Engineering Co., Ltd................................. 5,000 30,326 Sankyo Seiko Co., Ltd...................................... 4,000 16,184 Sankyo Tateyama, Inc....................................... 1,600 24,606 Sankyu, Inc................................................ 19,000 76,009 Sanoh Industrial Co., Ltd.................................. 3,000 18,879 Sanshin Electronics Co., Ltd............................... 2,000 13,638 Sanwa Holdings Corp........................................ 15,000 103,727 Sanyo Chemical Industries, Ltd............................. 7,000 50,750 Sanyo Denki Co., Ltd....................................... 4,000 28,734 Sanyo Electric Railway Co., Ltd............................ 6,000 23,562 Sanyo Shokai, Ltd.......................................... 11,000 25,918 Sanyo Special Steel Co., Ltd............................... 6,000 20,136 Sapporo Holdings, Ltd...................................... 26,000 109,519 Sato Holdings Corp......................................... 1,900 43,969 Sato Shoji Corp............................................ 2,000 12,627 Satori Electric Co., Ltd................................... 1,000 6,431 # Sawada Holdings Co., Ltd................................... 3,300 23,891 # Saxa Holdings, Inc......................................... 4,000 7,824 SCREEN Holdings Co., Ltd................................... 12,000 71,260 Secom Joshinetsu Co., Ltd.................................. 900 23,270 Seika Corp................................................. 8,000 19,777 Seikagaku Corp............................................. 1,700 29,899 Seiko Holdings Corp........................................ 10,000 54,543 Seino Holdings Co., Ltd.................................... 13,000 141,457 Seiren Co., Ltd............................................ 5,300 43,200 Sekisui Jushi Corp......................................... 2,000 26,587 Sekisui Plastics Co., Ltd.................................. 7,000 27,146 # Senko Co., Ltd............................................. 6,000 34,683 Senshu Electric Co., Ltd................................... 1,000 13,354 Senshu Ikeda Holdings, Inc................................. 22,600 100,354 Senshukai Co., Ltd......................................... 3,000 21,155 # Seria Co., Ltd............................................. 1,500 43,294 # Shibaura Mechatronics Corp................................. 4,000 9,877 Shibusawa Warehouse Co., Ltd. (The)........................ 6,000 17,546 # Shibuya Kogyo Co., Ltd..................................... 1,200 24,875 Shiga Bank, Ltd. (The)..................................... 16,000 89,249 1639 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Shikibo, Ltd............................................... 9,000 $ 9,018 Shikoku Bank, Ltd. (The)................................... 12,000 25,081 Shikoku Chemicals Corp..................................... 3,000 23,302 Shima Seiki Manufacturing, Ltd............................. 2,100 36,858 Shimachu Co., Ltd.......................................... 5,100 127,834 Shimizu Bank, Ltd. (The)................................... 400 9,839 Shin-Etsu Polymer Co., Ltd................................. 5,000 22,343 Shinagawa Refractories Co., Ltd............................ 5,000 11,251 Shindengen Electric Manufacturing Co., Ltd................. 8,000 42,907 #* Shinkawa, Ltd.............................................. 1,000 5,824 Shinko Electric Industries Co., Ltd........................ 6,300 44,128 Shinko Plantech Co., Ltd................................... 3,000 22,415 Shinko Shoji Co., Ltd...................................... 2,000 20,703 Shinmaywa Industries, Ltd.................................. 8,000 77,928 Shinnihon Corp............................................. 4,000 15,106 Ship Healthcare Holdings, Inc.............................. 2,900 71,970 Shiroki Corp............................................... 7,000 18,376 Shizuoka Gas Co., Ltd...................................... 5,000 31,928 Shobunsha Publications, Inc................................ 1,300 9,547 Showa Corp................................................. 6,100 61,969 Showa Sangyo Co., Ltd...................................... 10,000 41,191 Siix Corp.................................................. 2,400 51,523 Sinanen Co., Ltd........................................... 3,000 11,745 Sinfonia Technology Co., Ltd............................... 6,000 9,508 Sintokogio, Ltd............................................ 3,938 27,801 SMK Corp................................................... 5,000 20,771 # SMS Co., Ltd............................................... 1,200 10,816 Sodick Co., Ltd............................................ 4,100 35,363 Sotetsu Holdings, Inc...................................... 20,000 91,461 Sparx Group Co., Ltd....................................... 11,800 20,347 SRA Holdings............................................... 1,000 12,388 St Marc Holdings Co., Ltd.................................. 500 32,151 Star Micronics Co., Ltd.................................... 3,100 38,729 Starts Corp., Inc.......................................... 1,500 20,794 Starzen Co., Ltd........................................... 4,000 13,839 Stella Chemifa Corp........................................ 900 9,904 # Sumida Corp................................................ 1,100 7,321 Suminoe Textile Co., Ltd................................... 5,000 12,566 Sumitomo Bakelite Co., Ltd................................. 18,000 74,501 Sumitomo Densetsu Co., Ltd................................. 1,100 13,031 * Sumitomo Mitsui Construction Co., Ltd...................... 39,460 55,255 Sumitomo Osaka Cement Co., Ltd............................. 30,000 87,236 # Sumitomo Precision Products Co., Ltd....................... 2,000 8,548 Sumitomo Real Estate Sales Co., Ltd........................ 1,200 28,384 Sumitomo Riko Co, Ltd...................................... 2,700 22,011 Sumitomo Seika Chemicals Co., Ltd.......................... 4,000 28,343 Sumitomo Warehouse Co., Ltd. (The)......................... 11,000 61,569 # Sun Frontier Fudousan Co., Ltd............................. 1,500 11,657 #* SWCC Showa Holdings Co., Ltd............................... 12,000 10,033 Systena Corp............................................... 1,300 9,402 T Hasegawa Co., Ltd........................................ 1,600 23,111 T RAD Co., Ltd............................................. 5,000 10,192 T&K Toka Co., Ltd.......................................... 500 9,477 1640 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) T-Gaia Corp................................................. 2,100 $22,812 Tabuchi Electric Co., Ltd................................... 3,000 26,662 # Tachi-S Co., Ltd............................................ 2,100 30,593 Tadano, Ltd................................................. 4,000 48,143 Taihei Dengyo Kaisha, Ltd................................... 3,000 22,934 Taiho Kogyo Co., Ltd........................................ 1,900 21,127 # Taikisha, Ltd............................................... 2,000 47,578 Taiko Bank, Ltd. (The)...................................... 4,000 7,519 Taiyo Holdings Co., Ltd..................................... 1,700 61,797 Taiyo Yuden Co., Ltd........................................ 8,000 99,271 Takamatsu Construction Group Co., Ltd....................... 1,600 33,031 Takaoka Toko Co., Ltd....................................... 400 5,924 Takara Holdings, Inc........................................ 3,300 21,049 Takara Leben Co., Ltd....................................... 10,600 55,295 Takara Standard Co., Ltd.................................... 7,000 53,269 Takasago International Corp................................. 7,000 34,813 Takasago Thermal Engineering Co., Ltd....................... 6,000 75,271 # Takata Corp................................................. 1,800 20,994 Takeei Corp................................................. 1,900 14,672 Takeuchi Manufacturing Co., Ltd............................. 500 18,339 Takiron Co., Ltd............................................ 3,000 13,312 Takuma Co., Ltd............................................. 6,000 42,295 # Tamron Co., Ltd............................................. 1,500 29,298 Tamura Corp................................................. 4,000 13,458 # Tatsuta Electric Wire and Cable Co., Ltd.................... 2,000 8,338 #* Teac Corp................................................... 5,000 2,451 TECHNO ASSOCIE Co., Ltd..................................... 1,800 16,539 Teikoku Tsushin Kogyo Co., Ltd.............................. 4,000 7,618 Tenma Corp.................................................. 2,000 26,487 TKC Corp.................................................... 1,600 28,331 Toa Corp.(6894508).......................................... 12,000 20,415 Toa Corp.(6894434).......................................... 2,600 26,093 TOA ROAD Corp............................................... 3,000 10,996 Toagosei Co., Ltd........................................... 25,000 99,932 #* Tobishima Corp.............................................. 17,200 37,518 TOC Co., Ltd................................................ 5,000 30,395 Tocalo Co., Ltd............................................. 1,000 16,835 Tochigi Bank, Ltd. (The).................................... 10,000 46,178 Toda Corp................................................... 17,000 60,798 Toei Co., Ltd............................................... 5,000 28,958 Toenec Corp................................................. 3,000 14,941 Toho Bank, Ltd. (The)....................................... 21,000 73,737 Toho Holdings Co., Ltd...................................... 4,600 64,069 #* Toho Titanium Co., Ltd...................................... 2,900 20,483 Toho Zinc Co., Ltd.......................................... 12,000 37,668 Tohoku Bank, Ltd. (The)..................................... 8,000 10,574 Tokai Carbon Co., Ltd....................................... 23,000 66,270 Tokai Corp/Gifu............................................. 200 6,216 TOKAI Holdings Corp......................................... 5,000 22,528 Tokai Rika Co., Ltd......................................... 2,600 53,539 # Token Corp.................................................. 480 19,894 Tokushu Tokai Paper Co., Ltd................................ 5,189 12,797 # Tokuyama Corp............................................... 32,000 71,084 1641 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Tokyo Dome Corp............................................ 16,000 $ 74,005 Tokyo Energy & Systems, Inc................................ 2,000 14,305 * Tokyo Kikai Seisakusho, Ltd................................ 6,000 3,761 Tokyo Ohka Kogyo Co., Ltd.................................. 2,700 92,844 # Tokyo Rakutenchi Co., Ltd.................................. 5,000 21,176 * Tokyo Rope Manufacturing Co., Ltd.......................... 4,000 7,503 Tokyo Seimitsu Co., Ltd.................................... 4,600 93,545 Tokyo Steel Manufacturing Co., Ltd......................... 9,000 67,630 Tokyo Tekko Co., Ltd....................................... 3,000 14,968 Tokyo Theatres Co., Inc.................................... 6,000 7,225 * Tokyo TY Financial Group, Inc.............................. 2,224 63,661 Tokyu Recreation Co., Ltd.................................. 3,000 17,173 Toli Corp.................................................. 6,000 12,489 Tomato Bank, Ltd........................................... 9,000 13,429 TOMONY Holdings, Inc....................................... 14,500 62,601 # Tomy Co., Ltd.............................................. 5,617 31,115 Tonami Holdings Co., Ltd................................... 3,000 10,579 Toppan Forms Co., Ltd...................................... 2,600 27,015 Topre Corp................................................. 2,100 28,881 Topy Industries, Ltd....................................... 16,000 36,035 # Toridoll.corp.............................................. 1,200 17,415 # Torishima Pump Manufacturing Co., Ltd...................... 2,000 14,697 # Tosei Corp................................................. 4,200 25,644 Toshiba Machine Co., Ltd................................... 10,000 38,348 Toshiba Plant Systems & Services Corp...................... 4,000 61,311 Toshiba TEC Corp........................................... 8,000 49,350 # Tosho Printing Co., Ltd.................................... 5,000 13,646 Totetsu Kogyo Co., Ltd..................................... 3,000 71,605 Tottori Bank, Ltd. (The)................................... 6,000 11,875 Towa Bank, Ltd. (The)...................................... 10,000 8,210 Towa Pharmaceutical Co., Ltd............................... 900 40,939 Toyo Construction Co., Ltd................................. 3,200 15,331 Toyo Corp.................................................. 3,000 28,182 # Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd.... 5,000 18,069 # Toyo Engineering Corp...................................... 9,000 30,332 Toyo Ink SC Holdings Co., Ltd.............................. 15,000 70,213 Toyo Kanetsu K.K........................................... 12,000 24,505 Toyo Kohan Co., Ltd........................................ 3,000 15,398 Toyo Securities Co., Ltd................................... 5,000 14,652 Toyo Tanso Co., Ltd........................................ 300 4,811 Toyo Tire & Rubber Co., Ltd................................ 1 11 Toyobo Co., Ltd............................................ 75,000 100,870 TPR Co., Ltd............................................... 2,100 53,141 # Trancom Co., Ltd........................................... 600 25,730 Transcosmos, Inc........................................... 1,900 33,262 Trusco Nakayama Corp....................................... 1,400 37,285 TS Tech Co., Ltd........................................... 1,800 45,351 TSI Holdings Co., Ltd...................................... 6,525 37,301 Tsubakimoto Chain Co....................................... 9,000 72,462 # Tsugami Corp............................................... 5,000 28,561 Tsukishima Kikai Co., Ltd.................................. 3,000 32,394 Tsukuba Bank, Ltd.......................................... 5,500 16,056 # Tsukui Corp................................................ 2,600 24,030 1642 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Tsumura & Co............................................... 5,000 $113,780 Tsurumi Manufacturing Co., Ltd............................. 2,000 33,397 Tsutsumi Jewelry Co., Ltd.................................. 800 17,084 U-Shin, Ltd................................................ 2,000 11,993 # UACJ Corp.................................................. 16,034 39,379 Ube Industries, Ltd........................................ 78,400 117,416 Uchida Yoko Co., Ltd....................................... 4,000 12,473 UKC Holdings Corp.......................................... 300 4,607 * Ulvac, Inc................................................. 4,900 70,185 Uniden Corp................................................ 2,000 3,783 Union Tool Co.............................................. 400 11,170 Unipres Corp............................................... 2,300 40,010 United Arrows, Ltd......................................... 1,600 45,477 * Unitika, Ltd............................................... 52,000 24,203 # Universal Entertainment Corp............................... 2,600 43,960 # UNY Group Holdings Co., Ltd................................ 15,800 90,906 * Usen Corp.................................................. 4,870 12,764 # Ushio, Inc................................................. 8,200 94,998 Valor Co., Ltd............................................. 2,000 37,727 Vital KSK Holdings, Inc.................................... 2,800 21,509 VT Holdings Co., Ltd....................................... 6,900 27,769 Wacoal Holdings Corp....................................... 6,000 59,471 # Wacom Co., Ltd............................................. 11,800 49,857 Wakita & Co., Ltd.......................................... 2,000 18,957 Warabeya Nichiyo Co., Ltd.................................. 1,200 20,076 # WATAMI Co., Ltd............................................ 1,400 13,858 Welcia Holdings Co., Ltd................................... 475 17,484 # West Holdings Corp......................................... 1,800 14,261 Wood One Co., Ltd.......................................... 3,000 6,930 Xebio Co., Ltd............................................. 1,500 23,218 Yahagi Construction Co., Ltd............................... 1,500 11,169 YAMABIKO Corp.............................................. 615 26,468 # Yamagata Bank, Ltd. (The).................................. 11,000 46,427 Yamaichi Electronics Co., Ltd.............................. 1,600 11,130 Yamanashi Chuo Bank, Ltd. (The)............................ 14,000 55,911 Yamazen Corp............................................... 3,000 21,090 Yaoko Co., Ltd............................................. 500 32,505 Yasuda Logistics Corp...................................... 2,000 17,515 Yellow Hat, Ltd............................................ 1,800 35,209 Yodogawa Steel Works, Ltd.................................. 9,000 32,378 Yokogawa Bridge Holdings Corp.............................. 2,000 22,405 Yokohama Reito Co., Ltd.................................... 3,000 20,810 Yokowo Co., Ltd............................................ 1,700 9,204 Yomeishu Seizo Co., Ltd.................................... 2,000 15,597 Yondenko Corp.............................................. 2,100 8,078 Yondoshi Holdings, Inc..................................... 1,159 17,753 Yorozu Corp................................................ 1,900 36,793 Yoshinoya Holdings Co., Ltd................................ 3,200 36,238 Yuasa Trading Co., Ltd..................................... 1,800 37,039 Yurtec Corp................................................ 4,000 27,039 Yusen Logistics Co., Ltd................................... 600 7,184 Yushiro Chemical Industry Co., Ltd......................... 1,000 15,565 # Zenrin Co., Ltd............................................ 1,800 23,159 1643 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) # Zensho Holdings Co., Ltd................................ 6,900 $ 62,388 ZERIA Pharmaceutical Co., Ltd........................... 2,200 35,614 # Zuken, Inc.............................................. 2,000 19,909 ----------- TOTAL JAPAN................................................. 29,688,071 ----------- NETHERLANDS -- (2.0%) Aalberts Industries NV.................................. 6,785 195,413 Accell Group............................................ 1,850 28,222 * AFC Ajax NV............................................. 864 8,909 * AMG Advanced Metallurgical Group NV..................... 1,768 13,201 Amsterdam Commodities NV................................ 600 14,304 #* APERAM SA............................................... 4,898 127,150 Arcadis NV.............................................. 4,256 128,809 ASM International NV.................................... 5,088 207,595 BE Semiconductor Industries NV.......................... 3,299 66,957 Beter Bed Holding NV.................................... 1,357 26,615 BinckBank NV............................................ 5,546 45,555 # Brunel International NV................................. 2,776 45,041 Corbion NV.............................................. 6,245 103,453 Delta Lloyd NV.......................................... 15,787 298,275 Exact Holding NV........................................ 931 33,358 Fugro NV................................................ 852 18,476 #* Galapagos NV............................................ 1,948 39,840 * Grontmij................................................ 2,730 10,946 Heijmans NV............................................. 1,624 15,527 Hunter Douglas NV....................................... 130 5,247 KAS Bank NV............................................. 488 5,629 Kendrion NV............................................. 817 22,344 # Koninklijke BAM Groep NV................................ 25,585 76,791 # Koninklijke Ten Cate NV................................. 2,038 45,154 * Macintosh Retail Group NV............................... 944 2,643 * Mota-Engil Africa NV.................................... 399 2,782 Nutreco NV.............................................. 8,732 444,683 #* Ordina NV............................................... 2,349 3,776 * PostNL NV............................................... 43,334 156,752 * Royal Imtech NV......................................... 5,039 23,237 * SBM Offshore NV......................................... 11,207 122,272 Sligro Food Group NV.................................... 1,688 64,402 #* SNS Reaal NV............................................ 15,156 -- * Telegraaf Media Groep NV................................ 1,964 12,645 TKH Group NV............................................ 4,137 128,633 TNT Express NV.......................................... 33,323 217,943 * TomTom NV............................................... 12,169 79,963 USG People NV........................................... 7,067 81,444 Wessanen................................................ 10,973 70,067 ----------- TOTAL NETHERLANDS........................................... 2,994,053 ----------- NEW ZEALAND -- (1.0%) #* a2 Milk Co., Ltd........................................ 16,703 6,530 Air New Zealand, Ltd.................................... 41,085 77,728 Briscoe Group, Ltd...................................... 15,371 33,488 Cavalier Corp., Ltd..................................... 8,600 3,451 1644 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- NEW ZEALAND -- (Continued) * Chorus, Ltd.............................................. 27,692 $ 53,224 Contact Energy, Ltd...................................... 6,004 30,814 Ebos Group, Ltd.......................................... 4,432 30,420 Fisher & Paykel Healthcare Corp., Ltd.................... 36,889 166,340 Freightways, Ltd......................................... 12,116 52,614 Hallenstein Glasson Holdings, Ltd........................ 5,327 12,993 Heartland New Zealand, Ltd............................... 5,841 5,611 Infratil, Ltd............................................ 60,362 138,584 # Kathmandu Holdings, Ltd.................................. 8,788 12,854 # Mainfreight, Ltd......................................... 6,252 72,694 # Metlifecare, Ltd......................................... 11,376 39,670 * New Zealand Refining Co., Ltd. (The)..................... 13,533 24,969 Nuplex Industries, Ltd................................... 14,414 31,229 NZX, Ltd................................................. 4,430 3,897 PGG Wrightson, Ltd....................................... 10,577 3,724 # Port of Tauranga, Ltd.................................... 7,100 91,561 # Restaurant Brands New Zealand, Ltd....................... 9,560 26,419 Ryman Healthcare, Ltd.................................... 27,532 164,812 Sanford, Ltd............................................. 6,562 23,752 Sky Network Television, Ltd.............................. 21,050 92,557 SKYCITY Entertainment Group, Ltd......................... 38,191 108,955 Steel & Tube Holdings, Ltd............................... 5,579 11,660 Summerset Group Holdings, Ltd............................ 8,547 19,260 Tower, Ltd............................................... 6,822 11,203 Trade Me Group, Ltd...................................... 22,096 58,242 # TrustPower, Ltd.......................................... 4,827 29,389 Vector, Ltd.............................................. 16,069 34,483 Warehouse Group, Ltd. (The).............................. 5,475 11,324 * Xero, Ltd................................................ 2,284 25,781 ---------- TOTAL NEW ZEALAND............................................ 1,510,232 ---------- NORWAY -- (0.8%) # ABG Sundal Collier Holding ASA........................... 8,171 5,062 # Akastor ASA.............................................. 9,797 24,087 Aker ASA Class A......................................... 2,051 43,806 American Shipping ASA.................................... 2,165 8,360 * Archer, Ltd.............................................. 29,102 11,547 # Atea ASA................................................. 5,000 55,539 Austevoll Seafood ASA.................................... 5,800 33,872 Bakkafrost P/F........................................... 2,040 42,382 Bonheur ASA.............................................. 83 771 BW Offshore, Ltd......................................... 39,005 37,509 #* Det Norske Oljeselskap ASA............................... 6,639 27,740 * DOF ASA.................................................. 2,500 3,404 Ekornes ASA.............................................. 1,600 19,935 #* Electromagnetic GeoServices.............................. 4,467 2,331 Evry ASA................................................. 3,410 7,069 Farstad Shipping ASA..................................... 800 3,783 * Frontline, Ltd........................................... 1,361 3,241 Ganger Rolf ASA.......................................... 1,960 17,702 # Golden Ocean Group, Ltd.................................. 29,034 17,948 # Hexagon Composites ASA................................... 6,540 15,973 * Hoegh LNG Holdings, Ltd.................................. 4,064 39,972 1645 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NORWAY -- (Continued) * Kongsberg Automotive ASA................................ 47,061 $ 36,999 Kvaerner ASA............................................ 10,879 12,667 Leroey Seafood Group ASA................................ 1,503 52,698 #* Nordic Semiconductor ASA................................ 10,897 75,255 * Norske Skogindustrier ASA............................... 7,000 6,408 #* Norwegian Air Shuttle ASA............................... 1,507 59,199 * Odfjell SE Class A...................................... 1,000 2,800 # Opera Software ASA...................................... 6,271 83,074 * Panoro Energy ASA....................................... 1,501 262 Prosafe SE.............................................. 16,087 42,949 #* REC Silicon ASA......................................... 140,159 29,931 * REC Solar ASA........................................... 2,416 31,755 Salmar ASA.............................................. 2,871 44,323 #* Sevan Drilling A.S...................................... 16,161 1,420 Sevan Marine ASA........................................ 1,337 3,375 Siem Offshore, Inc...................................... 9,787 2,736 Solstad Offshore ASA.................................... 1,000 8,035 * Songa Offshore.......................................... 22,582 4,481 SpareBank 1 SMN......................................... 8,057 57,104 SpareBank 1 SR Bank ASA................................. 8,340 52,371 Stolt-Nielsen, Ltd...................................... 1,022 16,137 Tomra Systems ASA....................................... 14,102 113,301 Veidekke ASA............................................ 4,900 50,647 Wilh Wilhelmsen ASA..................................... 1,741 9,725 Wilh Wilhelmsen Holding ASA Class A..................... 2,050 39,758 ---------- TOTAL NORWAY................................................ 1,259,443 ---------- PORTUGAL -- (0.4%) Altri SGPS SA........................................... 7,954 27,551 #* Banco BPI SA............................................ 40,060 37,593 * Banco Comercial Portugues SA............................ 732,621 51,596 Mota-Engil SGPS SA...................................... 8,817 26,960 NOS SGPS................................................ 11,746 74,567 Portucel SA............................................. 20,700 83,508 REN - Redes Energeticas Nacionais SGPS SA............... 31,408 89,068 Semapa-Sociedade de Investimento e Gestao............... 6,200 72,582 * Sonae Industria SGPS SA................................. 267,750 1,956 Sonae SGPS SA........................................... 70,140 91,828 ---------- TOTAL PORTUGAL.............................................. 557,209 ---------- SINGAPORE -- (1.1%) #* Ausgroup, Ltd........................................... 44,000 9,756 Banyan Tree Holdings, Ltd............................... 7,000 2,711 #* Biosensors International Group, Ltd..................... 111,000 52,861 Boustead Singapore, Ltd................................. 22,000 29,253 Bukit Sembawang Estates, Ltd............................ 10,500 41,298 Bund Center Investment, Ltd............................. 108,000 15,813 CH Offshore, Ltd........................................ 17,400 6,367 China Aviation Oil Singapore Corp., Ltd................. 9,600 5,020 Chip Eng Seng Corp., Ltd................................ 45,000 30,165 Chuan Hup Holdings, Ltd................................. 87,000 17,567 Cosco Corp. Singapore, Ltd.............................. 76,000 30,343 1646 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------- SINGAPORE -- (Continued) Creative Technology, Ltd................................... 2,650 $ 3,413 CSE Global, Ltd............................................ 40,000 17,276 CWT, Ltd................................................... 12,000 14,901 * Delong Holdings, Ltd....................................... 17,000 2,800 Ezion Holdings, Ltd........................................ 58,000 54,379 # Ezra Holdings, Ltd......................................... 80,705 31,559 Falcon Energy Group, Ltd................................... 21,000 4,261 Far East Orchard, Ltd...................................... 11,239 14,021 Fragrance Group, Ltd....................................... 82,000 13,645 GK Goh Holdings, Ltd....................................... 17,000 11,489 Global Premium Hotels, Ltd................................. 6,560 1,719 GMG Global, Ltd............................................ 275,000 12,964 # GuocoLand, Ltd............................................. 5,000 6,638 GuocoLeisure, Ltd.......................................... 53,000 37,344 Hi-P International, Ltd.................................... 23,000 11,995 Ho Bee Land, Ltd........................................... 14,000 21,413 Hong Fok Corp., Ltd........................................ 49,200 33,016 Hong Leong Asia, Ltd....................................... 8,000 8,519 Hotel Grand Central, Ltd................................... 36,273 35,392 Hwa Hong Corp., Ltd........................................ 59,000 14,812 # Hyflux, Ltd................................................ 27,500 19,349 Indofood Agri Resources, Ltd............................... 28,000 14,639 k1 Ventures, Ltd........................................... 120,000 16,555 Keppel Infrastructure Trust................................ 29,000 22,938 #* Linc Energy, Ltd........................................... 38,912 16,697 Metro Holdings, Ltd........................................ 49,200 35,442 Midas Holdings, Ltd........................................ 114,000 28,526 # Nam Cheong, Ltd............................................ 67,000 15,495 OSIM International, Ltd.................................... 18,000 25,748 Otto Marine, Ltd........................................... 48,000 1,479 OUE Hospitality Trust...................................... 3,833 2,650 # OUE, Ltd................................................... 23,000 37,352 Oxley Holdings, Ltd........................................ 57,000 21,432 Petra Foods, Ltd........................................... 16,000 47,171 Raffles Education Corp., Ltd............................... 49,200 12,013 Raffles Medical Group, Ltd................................. 21,000 61,558 Rotary Engineering, Ltd.................................... 17,000 6,970 SBS Transit, Ltd........................................... 23,000 31,994 Sheng Siong Group, Ltd..................................... 37,000 19,793 Sinarmas Land, Ltd......................................... 108,000 51,748 SMRT Corp., Ltd............................................ 56,000 72,387 Stamford Land Corp., Ltd................................... 21,000 8,758 #* SunVic Chemical Holdings, Ltd.............................. 40,000 14,012 # Super Group, Ltd........................................... 46,000 37,695 # Swiber Holdings, Ltd....................................... 34,500 4,866 # Swissco Holdings, Ltd...................................... 15,000 5,109 Tat Hong Holdings, Ltd..................................... 35,000 19,092 Triyards holdings, Ltd..................................... 4,960 1,731 Tuan Sing Holdings, Ltd.................................... 44,628 13,336 United Engineers, Ltd...................................... 34,000 76,268 United Envirotech, Ltd..................................... 46,000 55,135 UOB-Kay Hian Holdings, Ltd................................. 31,302 34,884 * Vard Holdings, Ltd......................................... 33,000 12,282 1647 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SINGAPORE -- (Continued) Venture Corp., Ltd....................................... 23,000 $ 138,115 Wheelock Properties Singapore, Ltd....................... 20,000 27,730 Wing Tai Holdings, Ltd................................... 45,970 62,123 Yeo Hiap Seng, Ltd....................................... 2,482 3,192 Yongnam Holdings, Ltd.................................... 70,000 9,249 ---------- TOTAL SINGAPORE.............................................. 1,678,223 ---------- SPAIN -- (2.0%) Abengoa SA............................................... 2,175 6,947 Abengoa SA Class B....................................... 27,782 82,085 * Acciona SA............................................... 2,521 180,211 Acerinox SA.............................................. 7,865 117,090 Adveo Group International SA............................. 770 11,282 * Almirall SA.............................................. 5,548 96,782 Atresmedia Corp de Medios de Comunicacion SA............. 6,214 91,305 * Azkoyen SA............................................... 2,184 5,205 * Baron de Ley............................................. 67 5,827 Bolsas y Mercados Espanoles SA........................... 5,936 244,017 * Cementos Portland Valderrivas SA......................... 1,167 7,743 Cie Automotive SA........................................ 3,637 52,355 Construcciones y Auxiliar de Ferrocarriles SA............ 137 46,057 Distribuidora Internacional de Alimentacion SA........... 1,728 11,187 Duro Felguera SA......................................... 4,252 17,066 Ebro Foods SA............................................ 8,515 144,888 Elecnor SA............................................... 1,707 15,780 Ence Energia y Celulosa S.A.............................. 10,121 30,269 * Ercros SA................................................ 3,027 1,417 * Faes Farma SA(BTGQBZ6)................................... 521 1,063 Faes Farma SA(B1PQHS6)................................... 14,089 28,690 * Fomento de Construcciones y Contratas SA................. 8,197 101,467 * Gamesa Corp. Tecnologica SA.............................. 13,178 130,287 Grupo Catalana Occidente SA.............................. 3,722 106,422 #* Grupo Ezentis SA......................................... 6,873 5,280 Iberpapel Gestion SA..................................... 936 13,793 Indra Sistemas SA........................................ 8,172 83,482 * Inmobiliaria Colonial SA................................. 350 237 * Jazztel P.L.C............................................ 16,693 236,505 * Mediaset Espana Comunicacion SA.......................... 12,622 153,662 Melia Hotels International SA............................ 4,123 47,360 Miquel y Costas & Miquel SA.............................. 740 25,640 * NH Hotel Group SA........................................ 15,987 78,929 Obrascon Huarte Lain SA.................................. 3,159 72,995 Papeles y Cartones de Europa SA.......................... 2,874 13,815 * Pescanova SA............................................. 1,077 -- * Promotora de Informaciones SA Class A.................... 12,732 3,376 Prosegur Cia de Seguridad SA............................. 22,000 122,361 * Realia Business SA....................................... 4,187 2,883 * Sacyr SA................................................. 22,764 84,188 Tecnicas Reunidas SA..................................... 2,032 79,019 Tubacex SA............................................... 5,465 15,987 Tubos Reunidos SA........................................ 8,287 14,841 Vidrala SA............................................... 1,218 60,564 Viscofan SA.............................................. 4,280 247,631 1648 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SPAIN -- (Continued) * Zeltia SA................................................ 20,136 $ 68,564 ---------- TOTAL SPAIN.................................................. 2,966,554 ---------- SWEDEN -- (3.0%) AAK AB................................................... 1,961 106,517 # AddTech AB Class B....................................... 7,500 105,879 AF AB Class B............................................ 5,364 82,173 Atrium Ljungberg AB Class B.............................. 798 12,025 Avanza Bank Holding AB................................... 1,713 56,502 Axfood AB................................................ 1,800 109,243 # Axis Communications AB................................... 3,030 81,113 B&B Tools AB Class B..................................... 2,500 42,769 #* BE Group AB.............................................. 2,600 1,503 Beijer Alma AB........................................... 1,700 40,924 Beijer Ref AB Class B.................................... 1,786 29,018 Betsson AB............................................... 3,029 113,510 Bilia AB Class A......................................... 2,065 62,628 BillerudKorsnas AB....................................... 10,868 164,970 BioGaia AB Class B....................................... 1,689 36,698 Bure Equity AB........................................... 1,767 8,272 Byggmax Group AB......................................... 2,856 18,949 Castellum AB............................................. 10,137 159,397 Catena AB................................................ 1,487 19,543 Clas Ohlson AB Class B................................... 2,530 39,119 * Cloetta AB Class B....................................... 22,873 69,273 Concentric AB............................................ 3,360 42,924 Dios Fastigheter AB...................................... 3,244 24,367 Duni AB.................................................. 3,495 51,669 #* Eniro AB................................................. 10,222 6,296 Fabege AB................................................ 8,688 118,596 * Fastighets AB Balder..................................... 2,430 35,142 Gunnebo AB............................................... 3,000 14,600 Haldex AB................................................ 3,360 45,371 Hexpol AB................................................ 2,066 207,273 HIQ International AB..................................... 4,214 21,809 Holmen AB Class B........................................ 5,220 188,343 Industrial & Financial Systems Class B................... 1,799 55,391 Indutrade AB............................................. 1,543 62,803 Intrum Justitia AB....................................... 5,500 146,364 JM AB.................................................... 5,312 174,849 KappAhl AB............................................... 6,122 30,826 #* Karolinska Development AB Class B........................ 1,741 2,498 Klovern AB Class A....................................... 857 893 * Klovern AB Class B....................................... 8,570 8,545 Kungsleden AB............................................ 11,062 84,743 Lagercrantz AB Class B................................... 2,500 43,725 * Lindab International AB.................................. 5,462 45,226 Loomis AB Class B........................................ 3,493 103,352 #* Medivir AB Class B....................................... 1,986 23,542 Mekonomen AB............................................. 1,400 32,886 Modern Times Group AB Class B............................ 3,527 99,820 # Mycronic AB.............................................. 2,400 8,388 NCC AB Class B........................................... 7,186 232,355 1649 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) Net Entertainment NE AB.................................. 1,952 $ 61,849 * Net Insight AB Class B................................... 11,409 5,060 New Wave Group AB Class B................................ 2,000 10,583 Nibe Industrier AB Class B............................... 5,299 134,606 Nobia AB................................................. 8,067 69,935 Nolato AB Class B........................................ 1,100 26,395 Nordnet AB Class B....................................... 3,919 13,135 Oriflame Cosmetics SA.................................... 1,245 16,665 * PA Resources AB.......................................... -- -- Peab AB.................................................. 14,480 104,143 Proffice AB Class B...................................... 2,061 4,979 #* Qliro Group AB........................................... 3,088 5,958 # Ratos AB Class B......................................... 12,136 75,824 * Rezidor Hotel Group AB................................... 7,735 29,036 Saab AB Class B.......................................... 4,917 119,692 Sagax AB Class B......................................... 1,910 12,669 #* SAS AB................................................... 7,999 16,002 SkiStar AB............................................... 1,500 15,329 #* SSAB AB Class A(B17H0S8)................................. 10,488 50,934 #* SSAB AB Class A(BPRBWK4)................................. 3,811 18,532 * SSAB AB Class B(B17H3F6)................................. 5,703 24,543 * SSAB AB Class B(BPRBWM6)................................. 9,728 42,076 Sweco AB Class B......................................... 1,500 20,020 * Swedish Orphan Biovitrum AB.............................. 9,932 104,106 Systemair AB............................................. 107 1,307 # Transmode AB............................................. 734 6,344 Unibet Group P.L.C....................................... 1,751 104,278 Wallenstam AB Class B.................................... 5,304 87,810 Wihlborgs Fastigheter AB................................. 3,900 76,331 ---------- TOTAL SWEDEN................................................. 4,530,762 ---------- SWITZERLAND -- (4.2%) AFG Arbonia-Forster Holding AG........................... 1,105 19,823 Allreal Holding AG....................................... 1,167 183,482 Alpiq Holding AG......................................... 101 7,137 ams AG................................................... 4,000 156,565 APG SGA SA............................................... 64 20,696 Ascom Holding AG......................................... 5,052 77,810 Autoneum Holding AG...................................... 398 66,615 Bachem Holding AG Class B................................ 343 16,011 Bank Coop AG............................................. 580 25,657 Banque Cantonale de Geneve............................... 85 20,140 Banque Cantonale Vaudoise................................ 190 110,858 Belimo Holding AG........................................ 43 99,471 Bell AG.................................................. 8 19,310 Bellevue Group AG........................................ 298 4,884 # Berner Kantonalbank AG................................... 278 54,693 BKW AG................................................... 1,235 36,900 Bobst Group SA........................................... 800 24,403 Bossard Holding AG Class A............................... 477 49,391 Bucher Industries AG..................................... 555 136,160 Burckhardt Compression Holding AG........................ 221 68,362 Burkhalter Holding AG.................................... 185 19,611 1650 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWITZERLAND -- (Continued) * Charles Voegele Holding AG................................. 750 $ 10,744 Cie Financiere Tradition SA................................ 66 2,975 Clariant AG................................................ 8,020 128,852 Coltene Holding AG......................................... 250 16,903 Conzzeta AG................................................ 27 87,571 Daetwyler Holding AG....................................... 488 58,217 DKSH Holding AG............................................ 1,476 112,048 * Dufry AG................................................... 1,260 185,097 Edmond de Rothschild Suisse SA............................. 1 15,241 EFG International AG....................................... 4,617 49,823 Emmi AG.................................................... 195 63,680 Energiedienst Holding AG................................... 1,000 30,439 Flughafen Zuerich AG....................................... 302 205,605 Forbo Holding AG........................................... 179 173,078 GAM Holding AG............................................. 12,356 218,357 Gategroup Holding AG....................................... 1,678 46,573 Georg Fischer AG........................................... 398 238,669 Gurit Holding AG........................................... 25 8,947 Helvetia Holding AG........................................ 617 314,726 Huber & Suhner AG.......................................... 649 28,891 Implenia AG................................................ 1,185 64,815 Inficon Holding AG......................................... 149 49,971 Intershop Holdings AG...................................... 111 44,711 Jungfraubahn Holding AG.................................... 31 2,680 Kaba Holding AG Class B.................................... 250 125,651 Kardex AG.................................................. 430 20,568 Komax Holding AG........................................... 407 61,271 Kudelski SA................................................ 3,314 37,961 Kuoni Reisen Holding AG.................................... 311 104,402 LEM Holding SA............................................. 42 32,268 Liechtensteinische Landesbank AG........................... 380 16,099 Logitech International SA.................................. 10,861 159,703 Lonza Group AG............................................. 3,419 404,933 Luzerner Kantonalbank AG................................... 200 76,471 MCH Group AG............................................... 12 784 Metall Zug AG.............................................. 12 29,302 #* Meyer Burger Technology AG................................. 5,000 31,017 Micronas Semiconductor Holding AG.......................... 2,979 17,800 * Mobilezone Holding AG...................................... 2,585 30,950 Mobimo Holding AG.......................................... 824 190,315 OC Oerlikon Corp. AG....................................... 15,998 181,971 * Orascom Development Holding AG............................. 935 16,081 Panalpina Welttransport Holding AG......................... 751 91,959 Phoenix Mecano AG.......................................... 50 22,446 PSP Swiss Property AG...................................... 148 15,277 Rieter Holding AG.......................................... 372 53,955 Romande Energie Holding SA................................. 27 28,500 * Schmolz + Bickenbach AG.................................... 47,389 42,228 Schweiter Technologies AG.................................. 84 64,430 Siegfried Holding AG....................................... 280 46,651 St Galler Kantonalbank AG.................................. 170 64,558 Straumann Holding AG....................................... 573 129,429 Sulzer AG.................................................. 137 14,506 1651 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWITZERLAND -- (Continued) Swissquote Group Holding SA............................. 538 $ 14,003 Tamedia AG.............................................. 24 3,289 Tecan Group AG.......................................... 860 86,785 Temenos Group AG........................................ 4,259 129,631 U-Blox AG............................................... 398 56,906 * Valartis Group AG....................................... 200 3,305 Valiant Holding AG...................................... 1,289 105,188 Valora Holding AG....................................... 326 78,875 Vaudoise Assurances Holding SA Class B.................. 41 19,292 Vetropack Holding AG.................................... 9 13,062 * Von Roll Holding AG..................................... 1,435 2,031 Vontobel Holding AG..................................... 1,700 56,828 VP Bank AG.............................................. 198 15,977 Walliser Kantonalbank................................... 15 11,478 Ypsomed Holding AG...................................... 227 20,631 Zehnder Group AG........................................ 480 20,929 Zug Estates Holding AG.................................. 12 16,777 Zuger Kantonalbank AG................................... 8 38,775 ---------- TOTAL SWITZERLAND........................................... 6,181,840 ---------- UNITED KINGDOM -- (21.4%) 888 Holdings P.L.C...................................... 5,052 10,714 A.G.BARR P.L.C.......................................... 6,780 64,427 Acacia Mining P.L.C..................................... 12,404 52,696 * Afren P.L.C............................................. 57,931 4,665 * Aga Rangemaster Group P.L.C............................. 7,312 11,312 Alent P.L.C............................................. 15,220 83,586 Amec Foster Wheeler P.L.C............................... 10,912 130,467 Amlin P.L.C............................................. 30,535 223,739 Anglo Pacific Group P.L.C............................... 9,858 12,552 Anglo-Eastern Plantations P.L.C......................... 186 1,604 Anite P.L.C............................................. 19,453 23,893 # Ashmore Group P.L.C..................................... 19,064 80,228 Ashtead Group P.L.C..................................... 10,993 178,884 Balfour Beatty P.L.C.................................... 101,209 337,945 Bank of Georgia Holdings P.L.C.......................... 2,027 61,882 Barratt Developments P.L.C.............................. 88,920 612,079 BBA Aviation P.L.C...................................... 33,952 173,151 Beazley P.L.C........................................... 44,533 192,943 Bellway P.L.C........................................... 18,566 508,254 Berendsen P.L.C......................................... 12,354 206,749 Berkeley Group Holdings P.L.C........................... 5,669 206,639 Betfair Group P.L.C..................................... 3,074 74,329 Bloomsbury Publishing P.L.C............................. 3,174 7,090 Bodycote P.L.C.......................................... 14,936 152,729 Booker Group P.L.C...................................... 79,442 178,337 Boot Henry P.L.C........................................ 3,595 11,369 Bovis Homes Group P.L.C................................. 17,954 224,129 Brammer P.L.C........................................... 11,296 58,656 Brewin Dolphin Holdings P.L.C........................... 40,838 179,555 British Polythene Industries P.L.C...................... 2,000 19,341 Britvic P.L.C........................................... 16,185 171,282 * BTG P.L.C............................................... 30,003 356,471 1652 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Bwin.Party Digital Entertainment P.L.C.................... 45,519 $ 72,978 Cable & Wireless Communications P.L.C..................... 169,320 127,124 * Cairn Energy P.L.C........................................ 13,593 39,175 Cape P.L.C................................................ 6,374 20,029 Capital & Counties Properties P.L.C....................... 4,420 25,544 Carillion P.L.C........................................... 57,626 295,983 Castings P.L.C............................................ 4,744 27,446 Catlin Group, Ltd......................................... 24,393 255,835 Centamin P.L.C............................................ 57,143 57,728 Chemring Group P.L.C...................................... 15,420 50,160 Chesnara P.L.C............................................ 3,745 19,824 Chime Communications P.L.C................................ 1,262 4,811 Cineworld Group P.L.C..................................... 14,380 91,658 Clarkson P.L.C............................................ 606 17,147 Close Brothers Group P.L.C................................ 22,678 517,490 Cobham P.L.C.............................................. 50,230 246,222 * Colt Group SA............................................. 19,039 37,992 Communisis P.L.C.......................................... 4,956 4,102 Computacenter P.L.C....................................... 5,989 58,212 Connect Group P.L.C....................................... 13,916 29,625 Consort Medical P.L.C..................................... 2,504 31,904 Cranswick P.L.C........................................... 4,147 81,644 Croda International P.L.C................................. 9,510 379,795 CSR P.L.C................................................. 17,258 221,117 Daily Mail & General Trust P.L.C.......................... 35,532 460,309 Dairy Crest Group P.L.C................................... 19,613 144,268 Darty P.L.C............................................... 16,202 16,501 DCC P.L.C................................................. 13,076 692,836 De La Rue P.L.C........................................... 5,731 44,586 Debenhams P.L.C........................................... 94,976 107,154 Dechra Pharmaceuticals P.L.C.............................. 6,320 82,471 Development Securities P.L.C.............................. 5,838 21,213 Devro P.L.C............................................... 20,699 87,605 Dignity P.L.C............................................. 3,465 97,050 Diploma P.L.C............................................. 12,993 148,952 Dixons Carphone P.L.C..................................... 65,203 426,107 Domino Printing Sciences P.L.C............................ 13,567 139,155 Domino's Pizza Group P.L.C................................ 9,080 91,920 Drax Group P.L.C.......................................... 25,834 140,174 DS Smith P.L.C............................................ 142,452 677,528 Dunelm Group P.L.C........................................ 394 5,210 E2V Technologies P.L.C.................................... 8,031 22,672 Electrocomponents P.L.C................................... 63,658 195,600 Elementis P.L.C........................................... 68,702 285,235 * EnQuest P.L.C............................................. 53,104 27,167 * Enterprise Inns P.L.C..................................... 32,204 49,999 Essentra P.L.C............................................ 13,325 165,907 Euromoney Institutional Investor P.L.C.................... 4,036 65,048 Evraz P.L.C............................................... 10,184 26,062 Fenner P.L.C.............................................. 25,352 70,400 Ferrexpo P.L.C............................................ 14,004 10,561 Fidessa Group P.L.C....................................... 4,349 156,868 * Findel P.L.C.............................................. 2,049 6,504 1653 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) * Firstgroup P.L.C.......................................... 166,490 $248,475 * Fortune Oil P.L.C......................................... 16,855 2,491 Fuller Smith & Turner..................................... 3,070 45,259 Future P.L.C.............................................. 13,448 2,183 Galliford Try P.L.C....................................... 5,461 108,137 Games Workshop Group P.L.C................................ 510 3,789 * Gem Diamonds, Ltd......................................... 5,200 11,057 Genus P.L.C............................................... 6,861 126,371 Go-Ahead Group P.L.C...................................... 5,640 209,422 Grafton Group P.L.C....................................... 14,368 144,601 Greencore Group P.L.C..................................... 59,342 275,223 Greene King P.L.C......................................... 16,409 207,323 Greggs P.L.C.............................................. 6,400 79,049 Halfords Group P.L.C...................................... 18,086 120,668 Halma P.L.C............................................... 55,051 576,033 Hays P.L.C................................................ 205,204 478,165 Headlam Group P.L.C....................................... 3,793 25,660 Helical Bar P.L.C......................................... 9,778 56,153 Henderson Group P.L.C..................................... 54,868 195,591 Hikma Pharmaceuticals P.L.C............................... 7,919 280,603 Hill & Smith Holdings P.L.C............................... 7,437 68,125 Hilton Food Group P.L.C................................... 123 726 Hiscox, Ltd............................................... 19,631 216,835 * Hochschild Mining P.L.C................................... 16,117 21,983 Home Retail Group P.L.C................................... 46,012 132,904 Homeserve P.L.C........................................... 15,750 79,756 Howden Joinery Group P.L.C................................ 96,273 614,371 Hunting P.L.C............................................. 18,610 110,790 Huntsworth P.L.C.......................................... 6,947 4,741 ICAP P.L.C................................................ 28,724 201,701 IG Group Holdings P.L.C................................... 19,766 214,472 * Imagination Technologies Group P.L.C...................... 27,648 101,843 Inchcape P.L.C............................................ 24,576 256,719 Informa P.L.C............................................. 33,824 260,072 Inmarsat P.L.C............................................ 9,861 123,561 Innovation Group P.L.C.................................... 75,120 33,058 Intermediate Capital Group P.L.C.......................... 5,754 42,635 * International Ferro Metals, Ltd........................... 5,038 305 International Personal Finance P.L.C...................... 14,134 92,261 Interserve P.L.C.......................................... 18,881 151,656 * IP Group P.L.C............................................ 26,402 93,293 ITE Group P.L.C........................................... 27,101 53,303 James Fisher & Sons P.L.C................................. 6,536 108,260 Jardine Lloyd Thompson Group P.L.C........................ 17,715 251,699 JD Sports Fashion P.L.C................................... 596 4,501 JD Wetherspoon P.L.C...................................... 10,217 121,608 * JKX Oil & Gas P.L.C....................................... 6,993 1,344 John Menzies P.L.C........................................ 3,000 16,789 John Wood Group P.L.C..................................... 16,551 142,163 * Johnston Press P.L.C...................................... 693 1,740 Jupiter Fund Management P.L.C............................. 18,826 107,088 * KAZ Minerals P.L.C........................................ 22,228 67,003 Kcom Group P.L.C.......................................... 50,188 62,471 1654 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) Keller Group P.L.C......................................... 8,315 $111,314 Kier Group P.L.C........................................... 7,677 180,720 Ladbrokes P.L.C............................................ 55,207 96,181 Laird P.L.C................................................ 23,635 113,306 * Lamprell P.L.C............................................. 23,029 37,602 Lancashire Holdings, Ltd................................... 14,334 131,448 Lavendon Group P.L.C....................................... 5,479 13,036 * Lonmin P.L.C............................................... 21,646 53,013 Lookers P.L.C.............................................. 23,097 51,922 Low & Bonar P.L.C.......................................... 8,760 6,753 Macfarlane Group P.L.C..................................... 6,000 3,323 Man Group P.L.C............................................ 98,343 264,754 Management Consulting Group P.L.C.......................... 25,424 5,754 Marshalls P.L.C............................................ 11,710 43,043 Marston's P.L.C............................................ 47,029 103,743 McBride P.L.C.............................................. 6,500 7,870 Mears Group P.L.C.......................................... 4,261 26,662 * Mecom Group P.L.C.......................................... 3,550 8,167 Melrose Industries P.L.C................................... 47,003 187,107 Michael Page International P.L.C........................... 28,914 202,326 Micro Focus International P.L.C............................ 9,061 143,574 Millennium & Copthorne Hotels P.L.C........................ 17,263 149,711 * Mitchells & Butlers P.L.C.................................. 13,334 85,287 Mitie Group P.L.C.......................................... 55,656 226,081 Moneysupermarket.com Group P.L.C........................... 11,145 43,996 Morgan Advanced Materials P.L.C............................ 35,153 160,501 Morgan Sindall Group P.L.C................................. 1,492 14,972 * Mothercare P.L.C........................................... 6,281 16,932 N Brown Group P.L.C........................................ 9,038 58,558 National Express Group P.L.C............................... 61,622 236,371 NCC Group P.L.C............................................ 12,054 40,931 #* New World Resources P.L.C. Class A......................... 1,390 27 Northgate P.L.C............................................ 11,363 105,627 Novae Group P.L.C.......................................... 1,706 15,394 * Oxford Biomedica P.L.C..................................... 36,513 3,856 Oxford Instruments P.L.C................................... 7,677 85,831 Pace P.L.C................................................. 39,548 198,476 PayPoint P.L.C............................................. 3,824 47,685 Pendragon P.L.C............................................ 44,542 23,900 # Pennon Group P.L.C......................................... 21,626 289,078 Persimmon P.L.C............................................ 17,533 419,721 * Petra Diamonds, Ltd........................................ 45,187 104,188 * Petropavlovsk P.L.C........................................ 9,965 2,027 Phoenix Group Holdings..................................... 9,622 121,185 Photo-Me International P.L.C............................... 11,000 22,459 Playtech P.L.C............................................. 10,056 102,352 Premier Farnell P.L.C...................................... 47,988 122,000 * Premier Foods P.L.C........................................ 23,961 15,591 Premier Oil P.L.C.......................................... 28,641 62,096 * Puma Brandenburg, Ltd...................................... 1,000 -- * Puma Brandenburg, Ltd. A Shares............................ 1,000 -- * Punch Taverns P.L.C........................................ 2,054 3,384 PZ Cussons P.L.C........................................... 15,366 72,855 1655 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) QinetiQ Group P.L.C....................................... 41,865 $117,637 * Quintain Estates & Development P.L.C...................... 70,331 101,891 Rank Group P.L.C.......................................... 218 576 Rathbone Brothers P.L.C................................... 3,114 102,982 * Raven Russia, Ltd......................................... 13,830 7,751 Redrow P.L.C.............................................. 24,807 105,220 Regus P.L.C............................................... 52,449 159,461 Renishaw P.L.C............................................ 4,678 163,026 Rentokil Initial P.L.C.................................... 105,628 192,306 Restaurant Group P.L.C. (The)............................. 10,370 111,892 Rexam P.L.C............................................... 24,146 154,300 Ricardo P.L.C............................................. 432 4,349 Rightmove P.L.C........................................... 5,294 184,943 RM P.L.C.................................................. 5,224 12,250 Rotork P.L.C.............................................. 10,334 357,231 RPC Group P.L.C........................................... 35,828 291,652 RPS Group P.L.C........................................... 22,972 62,960 * Salamander Energy P.L.C................................... 17,914 18,893 Savills P.L.C............................................. 8,558 93,916 * SDL P.L.C................................................. 6,280 40,024 Senior P.L.C.............................................. 60,771 282,326 Serco Group P.L.C......................................... 74,593 172,829 * Severfield P.L.C.......................................... 6,026 6,137 Shanks Group P.L.C........................................ 42,387 62,657 SIG P.L.C................................................. 73,856 204,826 * Skyepharma P.L.C.......................................... 3,403 13,399 Soco International P.L.C.................................. 14,452 56,747 Spectris P.L.C............................................ 17,928 563,372 Speedy Hire P.L.C......................................... 25,705 28,100 Spirax-Sarco Engineering P.L.C............................ 6,360 291,930 Spirent Communications P.L.C.............................. 73,849 98,599 Spirit Pub Co. P.L.C...................................... 41,074 71,087 St Ives P.L.C............................................. 3,000 8,061 ST Modwen Properties P.L.C................................ 27,323 171,857 Stagecoach Group P.L.C.................................... 28,753 148,022 Sthree P.L.C.............................................. 10,382 52,766 * SuperGroup P.L.C.......................................... 986 14,273 Synergy Health P.L.C...................................... 4,624 150,848 Synthomer P.L.C........................................... 24,694 90,268 T Clarke P.L.C............................................ 3,989 4,722 TalkTalk Telecom Group P.L.C.............................. 24,936 119,095 Tate & Lyle P.L.C......................................... 20,154 205,549 Taylor Wimpey P.L.C....................................... 167,273 339,826 Ted Baker P.L.C........................................... 3,775 134,573 Telecity Group P.L.C...................................... 9,889 128,115 Telecom Plus P.L.C........................................ 8,529 139,655 * Thomas Cook Group P.L.C................................... 73,578 141,274 Topps Tiles P.L.C......................................... 5,775 10,473 Tribal Group P.L.C........................................ 1,493 3,610 * Trinity Mirror P.L.C...................................... 25,964 67,324 TT electronics P.L.C...................................... 10,027 16,646 TUI AG.................................................... 13,482 237,081 Tullett Prebon P.L.C...................................... 18,538 93,232 1656 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Tullow Oil P.L.C.................................. 7,330 $ 40,325 UBM P.L.C......................................... 25,705 204,113 UDG Healthcare P.L.C.............................. 24,673 145,524 Ultra Electronics Holdings P.L.C.................. 9,476 248,931 UNITE Group P.L.C. (The).......................... 28,355 208,843 UTV Media P.L.C................................... 2,430 6,990 * Vectura Group P.L.C............................... 20,878 47,503 Vedanta Resources P.L.C........................... 8,318 46,481 Vesuvius P.L.C.................................... 19,194 126,731 Victrex P.L.C..................................... 10,129 313,121 Vitec Group P.L.C. (The).......................... 2,000 18,576 * Volex P.L.C....................................... 1,534 1,526 WH Smith P.L.C.................................... 9,800 198,484 William Hill P.L.C................................ 11,521 65,273 Wilmington Group P.L.C............................ 6,879 22,561 * Wincanton P.L.C................................... 5,790 15,412 WS Atkins P.L.C................................... 15,631 294,561 Xaar P.L.C........................................ 7,251 33,645 Xchanging P.L.C................................... 11,978 28,225 XP Power, Ltd..................................... 132 2,868 ------------ TOTAL UNITED KINGDOM.................................... 31,871,255 ------------ UNITED STATES -- (0.1%) #* Chaparral Gold Corp............................... 1,000 472 * Endo International P.L.C.......................... 1,285 103,502 ------------ TOTAL UNITED STATES..................................... 103,974 ------------ TOTAL COMMON STOCKS..................................... 133,892,727 ------------ RIGHTS/WARRANTS -- (0.0%) AUSTRIA -- (0.0%) #* Intercell AG Rights............................... 2,073 -- ------------ SECURITIES LENDING COLLATERAL -- (10.1%) (S)@ DFA Short Term Investment Fund.................... 1,293,078 14,960,917 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $145,036,959)^^..... $148,853,644 ============ 1657 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia..................... -- $ 6,927,791 -- $ 6,927,791 Austria....................... -- 1,063,884 -- 1,063,884 Belgium....................... -- 1,969,596 -- 1,969,596 Canada........................ $11,796,587 229,540 -- 12,026,127 China......................... -- 24,220 -- 24,220 Denmark....................... -- 2,236,175 -- 2,236,175 Finland....................... -- 3,254,275 -- 3,254,275 France........................ 1,041 5,572,434 -- 5,573,475 Germany....................... 55,508 6,621,329 -- 6,676,837 Greece........................ -- -- -- -- Hong Kong..................... -- 4,129,620 -- 4,129,620 Ireland....................... -- 802,117 -- 802,117 Israel........................ -- 852,620 -- 852,620 Italy......................... -- 5,014,374 -- 5,014,374 Japan......................... 59,882 29,628,189 -- 29,688,071 Netherlands................... 2,782 2,991,271 -- 2,994,053 New Zealand................... -- 1,510,232 -- 1,510,232 Norway........................ 5,977 1,253,466 -- 1,259,443 Portugal...................... -- 557,209 -- 557,209 Singapore..................... 6,367 1,671,856 -- 1,678,223 Spain......................... -- 2,966,554 -- 2,966,554 Sweden........................ 8,545 4,522,217 -- 4,530,762 Switzerland................... -- 6,181,840 -- 6,181,840 United Kingdom................ 143,601 31,727,654 -- 31,871,255 United States................. 103,974 -- -- 103,974 Rights/Warrants Austria....................... -- -- -- -- Securities Lending Collateral.... -- 14,960,917 -- 14,960,917 ----------- ------------ -- ------------ TOTAL............................ $12,184,264 $136,669,380 -- $148,853,644 =========== ============ == ============ 1658 VA SHORT-TERM FIXED PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ----------- AGENCY OBLIGATIONS -- (6.9%) Federal Home Loan Bank 2.000%, 09/09/16....................................... $3,000 $ 3,074,661 0.500%, 10/17/16....................................... 1,000 999,653 1.625%, 12/09/16....................................... 1,700 1,733,726 Federal Home Loan Mortgage Corporation 0.500%, 05/13/16....................................... 1,000 1,002,421 2.000%, 08/25/16....................................... 700 716,421 0.875%, 10/14/16....................................... 800 805,568 Federal National Mortgage Association 4.375%, 10/15/15....................................... 1,500 1,543,728 1.625%, 10/26/15....................................... 1,500 1,515,589 0.375%, 07/05/16....................................... 1,500 1,500,486 ----------- TOTAL AGENCY OBLIGATIONS.................................... 12,892,253 ----------- BONDS -- (60.9%) 3M Co. 1.375%, 09/29/16....................................... 500 507,192 African Development Bank 2.500%, 03/15/16....................................... 200 204,779 Agence Francaise de Developpement 1.125%, 10/03/16....................................... 1,454 1,466,560 ANZ New Zealand Int'l, Ltd. 3.125%, 08/10/15....................................... 900 912,963 Apple, Inc. 0.450%, 05/03/16....................................... 2,200 2,202,466 Australia & New Zealand Banking Group, Ltd. 0.900%, 02/12/16....................................... 300 301,060 # 1.250%, 01/10/17....................................... 1,500 1,512,637 Bank Nederlandse Gemeenten NV 1.125%, 09/12/16....................................... 600 605,154 0.625%, 09/15/16....................................... 2,400 2,400,334 5.125%, 10/05/16....................................... 200 214,905 Bank of Montreal 1.300%, 07/15/16....................................... 2,500 2,523,012 Bank of Montreal Floating Rate Note (r) 0.773%, 07/15/16....................................... 3,000 3,013,935 Bank of Nova Scotia (The) # 1.375%, 07/15/16....................................... 2,240 2,261,251 Bank of Nova Scotia (The) Floating Rate Note (r) 0.773%, 07/15/16....................................... 2,200 2,210,857 Berkshire Hathaway Finance Corp. Floating Rate Note (r) 0.423%, 01/13/17....................................... 3,500 3,500,647 Berkshire Hathaway, Inc. 2.200%, 08/15/16....................................... 323 331,038 Caisse des Depots et Consignations 0.875%, 11/07/16....................................... 1,200 1,204,584 FACE AMOUNT (000) VALUE+ ------ ---------- Canadian Imperial Bank of Commerce Floating Rate Note (r) 0.777%, 07/18/16........................................ $ 200 $ 200,934 Commonwealth Bank of Australia # 1.250%, 09/18/15........................................ 1,000 1,005,362 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 0.600%, 04/29/15........................................ 1,000 1,000,348 2.125%, 10/13/15........................................ 1,000 1,011,907 Cooperatieve Centrale Raiffeisen-Boerenleenbank BA Floating Rate Note (r) 0.513%, 11/23/16........................................ 900 900,681 Council Of Europe Development Bank 1.250%, 09/22/16........................................ 2,000 2,023,904 DBS Bank, Ltd. 2.375%, 09/14/15........................................ 1,800 1,820,275 Development Bank of Japan, Inc. 2.750%, 03/15/16........................................ 1,000 1,024,826 1.625%, 10/05/16........................................ 2,000 2,032,156 European Bank for Reconstruction & Development 1.375%, 10/20/16........................................ 500 508,719 European Investment Bank 2.250%, 03/15/16........................................ 1,000 1,021,279 0.625%, 04/15/16........................................ 500 501,734 # 0.500%, 08/15/16........................................ 1,000 1,001,103 5.125%, 09/13/16........................................ 1,000 1,074,757 1.125%, 12/15/16........................................ 1,000 1,010,423 3.125%, 12/15/16........................................ 300 314,105 FMS Wertmanagement AoeR 0.625%, 04/18/16........................................ 500 501,694 1.125%, 10/14/16........................................ 1,628 1,644,360 0.625%, 01/30/17........................................ 500 499,844 General Electric Capital Corp. 2.250%, 11/09/15........................................ 800 811,640 # 1.000%, 01/08/16........................................ 1,600 1,608,110 # 1.500%, 07/12/16........................................ 1,200 1,216,664 General Electric Co. 0.850%, 10/09/15........................................ 1,550 1,555,671 Hydro-Quebec 2.000%, 06/30/16........................................ 1,200 1,225,028 Inter-American Development Bank 5.125%, 09/13/16........................................ 2,000 2,146,980 International Bank for Reconstruction & Development 2.125%, 03/15/16........................................ 1,500 1,530,271 0.625%, 10/14/16........................................ 500 500,723 KFW 2.625%, 02/16/16........................................ 500 512,018 2.000%, 06/01/16........................................ 1,000 1,021,155 0.500%, 07/15/16........................................ 1,000 1,001,318 1.250%, 10/05/16........................................ 2,300 2,328,306 1659 VA SHORT-TERM FIXED PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- Kommunalbanken A.S. 2.375%, 01/19/16....................................... $2,750 $2,802,481 0.875%, 10/03/16....................................... 1,000 1,004,936 Manitoba, Province of Canada 4.900%, 12/06/16....................................... 1,000 1,079,094 Merck & Co., Inc. Floating Rate Note (r) 0.422%, 05/18/16....................................... 2,855 2,859,297 Municipality Finance P.L.C. 1.250%, 09/12/16....................................... 500 505,570 National Australia Bank, Ltd. 2.750%, 09/28/15....................................... 2,000 2,030,290 # 0.900%, 01/20/16....................................... 1,500 1,506,444 # 1.300%, 07/25/16....................................... 500 504,552 National Australia Bank, Ltd. Floating Rate Note (r) 0.806%, 07/25/16....................................... 1,000 1,004,419 (r) 0.664%, 12/02/16....................................... 500 501,629 Nederlandse Waterschapsbank NV # 2.125%, 06/16/16....................................... 2,500 2,557,760 Nordic Investment Bank 0.500%, 04/14/16....................................... 1,000 1,001,156 Novartis Capital Corp. 2.900%, 04/24/15....................................... 1,000 1,005,885 NRW Bank 1.250%, 05/15/15....................................... 1,000 1,002,788 Oesterreichische Kontrollbank AG 0.750%, 12/15/16....................................... 2,120 2,126,053 Ontario, Province of Canada # 2.300%, 05/10/16....................................... 2,300 2,353,417 # 1.000%, 07/22/16....................................... 1,100 1,107,568 1.600%, 09/21/16....................................... 1,900 1,930,522 Royal Bank of Canada # 0.800%, 10/30/15....................................... 500 501,513 # 2.625%, 12/15/15....................................... 500 509,434 # 0.850%, 03/08/16....................................... 1,500 1,504,041 2.875%, 04/19/16....................................... 2,000 2,054,202 Royal Bank of Canada Floating Rate Note #(r) 0.696%, 09/09/16....................................... 750 752,747 Svensk Exportkredit AB # 0.625%, 05/31/16....................................... 1,300 1,303,013 Svenska Handelsbanken AB 3.125%, 07/12/16....................................... 550 569,190 Svenska Handelsbanken AB Floating Rate Note (r) 0.722%, 09/23/16....................................... 2,900 2,910,829 Toronto-Dominion Bank (The) 2.500%, 07/14/16....................................... 400 410,301 1.500%, 09/09/16....................................... 1,000 1,012,056 # 2.375%, 10/19/16....................................... 200 205,402 FACE AMOUNT (000) VALUE+ ------ ------------ Toronto-Dominion Bank (The) Floating Rate Note (r) 0.424%, 07/13/16...................................... $2,000 $ 1,999,898 (r) 0.514%, 01/06/17...................................... 1,500 1,500,274 Total Capital Canada, Ltd. Floating Rate Note (r) 0.633%, 01/15/16...................................... 2,640 2,647,482 Total Capital SA 3.000%, 06/24/15...................................... 700 707,378 Toyota Motor Credit Corp. 1.000%, 02/17/15...................................... 1,500 1,500,366 2.800%, 01/11/16...................................... 500 511,108 Toyota Motor Credit Corp. Floating Rate Note (r) 0.352%, 09/23/16...................................... 2,000 1,997,328 Westpac Banking Corp. # 3.000%, 08/04/15...................................... 1,486 1,505,874 1.125%, 09/25/15...................................... 474 476,451 3.000%, 12/09/15...................................... 500 510,888 0.950%, 01/12/16...................................... 2,135 2,144,567 ------------ TOTAL BONDS................................................ 114,047,872 ------------ U.S. TREASURY OBLIGATIONS -- (9.6%) U.S. Treasury Notes 0.375%, 02/15/16...................................... 1,000 1,001,875 0.375%, 03/31/16...................................... 2,800 2,804,155 0.375%, 04/30/16...................................... 1,000 1,001,484 1.500%, 06/30/16...................................... 2,000 2,033,750 1.500%, 07/31/16...................................... 1,000 1,017,539 0.625%, 08/15/16...................................... 1,500 1,506,563 1.000%, 08/31/16...................................... 1,600 1,616,374 1.000%, 10/31/16...................................... 2,300 2,324,617 0.500%, 11/30/16...................................... 1,000 1,001,719 0.625%, 12/15/16...................................... 2,000 2,006,562 0.875%, 12/31/16...................................... 1,700 1,713,148 ------------ TOTAL U.S. TREASURY OBLIGATIONS............................ 18,027,786 ------------ COMMERCIAL PAPER -- (14.3%) Bank of Nova Scotia 0.465%, 12/05/16...................................... 700 699,870 Basin Electric Power Cooperative ## 0.150%, 02/23/15...................................... 3,000 2,999,714 Caisse des Depots et Consignations ## 0.155%, 02/26/15...................................... 2,000 1,999,855 ## 0.160%, 03/04/15...................................... 1,000 999,906 Caterpillar Financial Services Corp. 0.180%, 03/18/15...................................... 1,500 1,499,740 Commonwealth Bank of Australia ## 0.150%, 02/09/15...................................... 800 799,987 Cooperatieve Centrale Raiffeisen- Boerenleenbank BA 0.716%, 05/06/16...................................... 2,000 1,995,352 1660 VA SHORT-TERM FIXED PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ----------- ------------ CPPIB Capital, Inc. ## 0.130%, 03/05/15................................ $ 1,000 $ 999,868 ## 0.140%, 04/07/15................................ 2,000 1,999,311 DBS Bank Ltd. ## 0.180%, 04/21/15................................ 3,000 2,998,825 Exxon Mobil Corp. ## 0.140%, 03/17/15................................ 300 299,946 KFW ## 0.150%, 04/06/15................................ 300 299,922 Merck & Co., Inc. ## 0.130%, 02/23/15................................ 2,000 1,999,929 Nederlandse Waterschapsbank NV ## 0.150%, 02/02/15................................ 1,000 999,994 Nordea Bank Finland P.L.C. 0.446%, 01/21/16................................ 2,500 2,499,892 0.421%, 06/13/16................................ 800 800,196 Old Line Funding LLC ## 0.180%, 03/20/15................................ 1,000 999,799 PACCAR Financial Corp. 0.110%, 02/17/15................................ 920 919,938 Precision Castparts Corp. ## 0.140%, 04/30/15................................ 900 899,528 ------------ TOTAL COMMERCIAL PAPER................................ 26,711,572 ------------ SHARES ----------- TEMPORARY CASH INVESTMENTS -- (1.0%) State Street Institutional Liquid Reserves, 0.089%........................................ 1,887,395 1,887,395 ------------ SHARES/FACE AMOUNT (000) ----------- SECURITIES LENDING COLLATERAL -- (7.3%) (S)@ DFA Short Term Investment Fund.................. 1,177,397 13,622,482 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $187,017,552)^^................................. $187,189,360 ============ 1661 VA SHORT-TERM FIXED PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------------ ------- ------------ Agency Obligations................ -- $ 12,892,253 -- $ 12,892,253 Bonds............................. -- 114,047,872 -- 114,047,872 U.S. Treasury Obligations......... -- 18,027,786 -- 18,027,786 Commercial Paper.................. -- 26,711,572 -- 26,711,572 Temporary Cash Investments........ $1,887,395 -- -- 1,887,395 Securities Lending Collateral..... -- 13,622,482 -- 13,622,482 ---------- ------------ -- ------------ TOTAL............................. $1,887,395 $185,301,965 -- $187,189,360 ========== ============ == ============ 1662 VA GLOBAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ -------- ----------- BONDS -- (83.5%) AUSTRALIA -- (8.3%) Australia & New Zealand Banking Group, Ltd. 2.250%, 06/13/19...................................... $4,838 $ 4,949,250 Commonwealth Bank of Australia 2.500%, 09/20/18...................................... 900 927,018 # 2.250%, 03/13/19...................................... 4,500 4,599,148 2.300%, 09/06/19...................................... 500 509,627 National Australia Bank, Ltd. 2.300%, 07/25/18...................................... 4,000 4,095,064 2.250%, 07/01/19...................................... 500 509,350 Westpac Banking Corp. # 2.250%, 01/17/19...................................... 4,800 4,920,859 ----------- TOTAL AUSTRALIA........................................... 20,510,316 ----------- AUSTRIA -- (2.0%) Oesterreichische Kontrollbank AG 1.125%, 05/29/18...................................... 1,000 1,002,473 2.000%, 12/17/18...................................... GBP 967 1,509,398 # 1.625%, 03/12/19...................................... 2,500 2,537,865 ----------- TOTAL AUSTRIA............................................. 5,049,736 ----------- CANADA -- (10.5%) Bank of Nova Scotia (The) # 2.050%, 06/05/19...................................... 3,000 3,035,493 2.050%, 06/05/19...................................... 1,000 1,005,100 Canada Government International Bond 1.625%, 02/27/19...................................... 2,900 2,953,633 Ontario, Province of Canada 2.000%, 09/27/18...................................... 650 666,598 2.000%, 01/30/19...................................... 4,450 4,563,956 4.000%, 10/07/19...................................... 950 1,058,097 Royal Bank of Canada # 2.200%, 07/27/18...................................... 5,000 5,120,155 2.150%, 03/15/19...................................... 1,000 1,023,609 Toronto-Dominion Bank (The) 2.625%, 09/10/18...................................... 1,500 1,557,364 2.125%, 07/02/19...................................... 3,000 3,071,301 2.250%, 11/05/19...................................... 1,000 1,021,539 Total Capital Canada, Ltd. 1.450%, 01/15/18...................................... 750 754,567 ----------- TOTAL CANADA.............................................. 25,831,412 ----------- DENMARK -- (0.8%) Kommunekredit 1.125%, 03/15/18...................................... 2,000 2,004,304 ----------- FACE AMOUNT^ (000) VALUE+ -------- ---------- FINLAND -- (0.6%).......................................... Finland Government International Bond 1.625%, 10/01/18...................................... $1,000 $1,017,911 Municipality Finance P.L.C. 1.750%, 05/21/19...................................... 500 508,634 ---------- TOTAL FINLAND.............................................. 1,526,545 ---------- FRANCE -- (3.0%) Dexia Credit Local SA 2.250%, 01/30/19...................................... 2,000 2,053,654 Total Capital International SA 2.125%, 01/10/19...................................... 1,000 1,020,647 # 2.100%, 06/19/19...................................... 2,650 2,702,160 Total Capital SA 2.125%, 08/10/18...................................... 1,300 1,327,144 3.875%, 12/14/18...................................... GBP 250 413,609 ---------- TOTAL FRANCE............................................... 7,517,214 ---------- GERMANY -- (2.2%) KFW 1.875%, 04/01/19...................................... 500 514,656 NRW Bank 1.875%, 07/01/19...................................... 1,700 1,734,841 2.000%, 09/23/19...................................... 3,200 3,282,794 ---------- TOTAL GERMANY.............................................. 5,532,291 ---------- JAPAN -- (4.0%) Development Bank of Japan, Inc. 1.625%, 09/25/19...................................... 1,000 1,007,898 Japan Bank for International Cooperation 1.750%, 07/31/18...................................... 4,000 4,064,784 # 1.750%, 05/29/19...................................... 1,730 1,749,203 1.750%, 05/29/19...................................... 400 404,720 Japan Finance Organization for Municipalities 1.375%, 02/05/18...................................... 1,000 1,003,290 2.125%, 03/06/19...................................... 1,700 1,737,014 ---------- TOTAL JAPAN................................................ 9,966,909 ---------- NETHERLANDS -- (8.8%) Bank Nederlandse Gemeenten NV 1.875%, 12/07/18...................................... GBP 850 1,319,867 1.875%, 06/11/19...................................... 5,000 5,111,070 Cooperatieve Centrale Raiffeisen- Boerenleenbank BA 2.250%, 01/14/19...................................... 5,535 5,636,794 Nederlandse Waterschapsbank NV 1.875%, 03/13/19...................................... 3,600 3,679,837 Shell International Finance BV 1.900%, 08/10/18...................................... 4,000 4,079,124 1663 VA GLOBAL BOND PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ -------- ----------- NETHERLANDS -- (Continued) 2.000%, 11/15/18...................................... $1,300 $ 1,323,363 4.300%, 09/22/19...................................... 500 556,700 ----------- TOTAL NETHERLANDS......................................... 21,706,755 ----------- NORWAY -- (4.6%) Kommunalbanken A.S. 2.125%, 03/15/19...................................... 2,200 2,271,128 1.750%, 05/28/19...................................... 3,500 3,559,171 1.500%, 10/22/19...................................... 300 301,515 Statoil ASA 1.150%, 05/15/18...................................... 2,600 2,578,030 1.950%, 11/08/18...................................... 1,100 1,120,299 2.250%, 11/08/19...................................... 1,400 1,437,314 ----------- TOTAL NORWAY.............................................. 11,267,457 ----------- SINGAPORE -- (2.1%) Singapore Government Bond 4.000%, 09/01/18...................................... SGD1,300 1,058,493 2.500%, 06/01/19...................................... SGD5,165 4,014,730 ----------- TOTAL SINGAPORE........................................... 5,073,223 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (4.5%) Asian Development Bank 1.875%, 04/12/19...................................... 1,000 1,025,559 European Investment Bank 1.625%, 12/18/18...................................... 1,000 1,017,124 1.500%, 02/01/19...................................... GBP1,900 2,922,509 1.875%, 03/15/19...................................... 1,600 1,644,173 International Bank for Reconstruction & Development 1.875%, 03/15/19...................................... 3,000 3,099,744 Nordic Investment Bank 1.875%, 06/14/19...................................... 1,300 1,335,773 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS.............. 11,044,882 ----------- SWEDEN -- (7.1%) Kommuninvest I Sverige AB 2.000%, 11/12/19...................................... 2,250 2,319,068 Nordea Bank AB 2.375%, 04/04/19...................................... 4,000 4,095,880 Svensk Exportkredit AB 1.875%, 12/21/18...................................... GBP 500 775,868 1.875%, 06/17/19...................................... 4,200 4,292,891 Svenska Handelsbanken AB 2.500%, 01/25/19...................................... 3,000 3,103,302 # 2.250%, 06/17/19...................................... 2,750 2,807,393 ----------- TOTAL SWEDEN.............................................. 17,394,402 ----------- FACE AMOUNT^ (000) VALUE+ -------- ---------- UNITED KINGDOM -- (1.7%) United Kingdom Gilt 1.250%, 07/22/18....................................... GBP2,500 $3,831,625 1.750%, 07/22/19....................................... GBP 200 312,395 ---------- TOTAL UNITED KINGDOM....................................... 4,144,020 ---------- UNITED STATES -- (23.3%) 3M Co. 1.625%, 06/15/19....................................... 1,350 1,360,797 Apple, Inc. 1.000%, 05/03/18....................................... 1,700 1,693,027 # 2.100%, 05/06/19....................................... 4,150 4,282,597 Berkshire Hathaway, Inc. 1.550%, 02/09/18....................................... 900 909,593 # 2.100%, 08/14/19....................................... 5,200 5,346,411 Chevron Corp. 1.718%, 06/24/18....................................... 173 175,676 Coca-Cola Co. (The) 1.650%, 11/01/18....................................... 3,000 3,046,323 Colgate-Palmolive Co. 1.750%, 03/15/19....................................... 500 508,274 Exxon Mobil Corp. 1.819%, 03/15/19....................................... 3,300 3,380,774 General Electric Capital Corp. 2.300%, 01/14/19....................................... 4,700 4,847,091 6.000%, 08/07/19....................................... 1,000 1,182,926 2.200%, 01/09/20....................................... 400 407,954 International Business Machines Corp. # 1.950%, 02/12/19....................................... 5,200 5,314,520 # 1.875%, 05/15/19....................................... 1,000 1,020,441 Johnson & Johnson 5.150%, 07/15/18....................................... 1,930 2,186,047 1.650%, 12/05/18....................................... 2,350 2,397,482 Microsoft Corp. # 1.625%, 12/06/18....................................... 2,320 2,363,583 Pfizer, Inc. 1.500%, 06/15/18....................................... 500 507,600 # 2.100%, 05/15/19....................................... 5,550 5,716,633 Procter & Gamble Co. (The) 1.900%, 11/01/19....................................... 2,300 2,350,950 Toyota Motor Credit Corp. # 2.000%, 10/24/18....................................... 500 510,726 # 2.100%, 01/17/19....................................... 1,000 1,024,680 2.125%, 07/18/19....................................... 4,250 4,374,236 1664 VA GLOBAL BOND PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ---------- ------------ UNITED STATES -- (Continued) Wal-Mart Stores, Inc. # 1.950%, 12/15/18............................... $ 2,500 $ 2,562,252 ------------ TOTAL UNITED STATES.................................. 57,470,593 ------------ TOTAL BONDS.......................................... 206,040,059 ------------ AGENCY OBLIGATIONS -- (4.8%) Federal Home Loan Mortgage Corporation 3.750%, 03/27/19............................... 700 774,249 1.250%, 08/01/19............................... 500 502,893 1.250%, 10/02/19............................... 2,000 2,000,818 Federal National Mortgage Association # 1.625%, 11/27/18............................... 2,000 2,041,102 1.875%, 02/19/19............................... 1,800 1,860,179 # 1.750%, 06/20/19............................... 3,500 3,597,310 # 1.750%, 09/12/19............................... 1,000 1,025,882 ------------ TOTAL AGENCY OBLIGATIONS............................. 11,802,433 ------------ U.S. TREASURY OBLIGATIONS -- (0.8%) U.S. Treasury Notes 1.250%, 11/30/18............................... 2,000 2,018,906 SHARES/ FACE AMOUNT (000) ---------- SECURITIES LENDING COLLATERAL -- (10.9%) (S)@ DFA Short Term Investment Fund................. 2,332,787 26,990,345 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $243,768,498)^^................................ $246,851,743 ============ 1665 VA GLOBAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Bonds Australia......................... -- $ 20,510,316 -- $ 20,510,316 Austria........................... -- 5,049,736 -- 5,049,736 Canada............................ -- 25,831,412 -- 25,831,412 Denmark........................... -- 2,004,304 -- 2,004,304 Finland........................... -- 1,526,545 -- 1,526,545 France............................ -- 7,517,214 -- 7,517,214 Germany........................... -- 5,532,291 -- 5,532,291 Japan............................. -- 9,966,909 -- 9,966,909 Netherlands....................... -- 21,706,755 -- 21,706,755 Norway............................ -- 11,267,457 -- 11,267,457 Singapore......................... -- 5,073,223 -- 5,073,223 Supranational Organization Obligations..................... -- 11,044,882 -- 11,044,882 Sweden............................ -- 17,394,402 -- 17,394,402 United Kingdom.................... -- 4,144,020 -- 4,144,020 United States..................... -- 57,470,593 -- 57,470,593 Agency Obligations................... -- 11,802,433 -- 11,802,433 U.S. Treasury Obligations............ -- 2,018,906 -- 2,018,906 Securities Lending Collateral........ -- 26,990,345 -- 26,990,345 Forward Currency Contracts**......... -- 293,124 -- 293,124 -- ------------ -- ------------ TOTAL................................ -- $247,144,867 -- $247,144,867 == ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 1666 DFA VA GLOBAL MODERATE ALLOCATION PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.2%) Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc................. 1,201,674 $20,272,243 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc.......... 956,906 11,157,521 Investment in DFA Selectively Hedged Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc....................................... 934,824 8,955,617 Investment in VA Global Bond Portfolio of DFA Investment Dimensions Group Inc................. 822,009 8,951,681 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc................. 411,922 7,150,972 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc............................................. 204,095 3,892,094 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc............................................. 359,637 3,571,191 Investment in VA Short-Term Fixed Portfolio of DFA Investment Dimensions Group Inc............. 349,764 3,571,093 Investment in VA U.S. Large Value Portfolio of DFA Investment Dimensions Group Inc............. 62,360 1,361,946 Investment in VA International Value Portfolio of DFA Investment Dimensions Group Inc............. 107,259 1,246,345 Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc............................................. 20,156 712,505 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $67,956,017)................. 70,843,208 ----------- TEMPORARY CASH INVESTMENTS -- (0.8%) State Street Institutional Liquid Reserves, 0.089% (Cost $578,174).......................... 578,174 578,174 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $68,534,191)^^ $71,421,382 =========== 1667 DFA VA GLOBAL MODERATE ALLOCATION PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies.... $70,843,208 -- -- $70,843,208 Temporary Cash Investments......... 578,174 -- -- 578,174 ----------- -- -- ----------- TOTAL.............................. $71,421,382 -- -- $71,421,382 =========== == == =========== 1668 U.S. LARGE CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (93.4%) Consumer Discretionary -- (21.0%) Advance Auto Parts, Inc............................ 7,280 $ 1,157,520 * Amazon.com, Inc.................................... 18,685 6,624,393 * AutoNation, Inc.................................... 2,307 137,543 #* Bed Bath & Beyond, Inc............................. 43,574 3,258,028 Best Buy Co., Inc.................................. 11,303 397,866 BorgWarner, Inc.................................... 20,530 1,108,825 # Brunswick Corp..................................... 6,754 366,607 #* CarMax, Inc........................................ 18,314 1,137,299 Carter's, Inc...................................... 5,106 416,088 CBS Corp. Class B.................................. 22,928 1,256,684 * Charter Communications, Inc. Class A............... 17,855 2,698,158 * Chipotle Mexican Grill, Inc........................ 1,512 1,073,278 Cinemark Holdings, Inc............................. 8,808 327,393 Coach, Inc......................................... 37,755 1,404,108 Delphi Automotive P.L.C............................ 23,292 1,600,859 Dick's Sporting Goods, Inc......................... 13,101 676,667 * Discovery Communications, Inc...................... 13,205 368,155 #* Discovery Communications, Inc. Class A............. 4,471 129,592 * DISH Network Corp. Class A......................... 14,330 1,008,115 * Dollar General Corp................................ 40,468 2,713,784 * Dollar Tree, Inc................................... 33,266 2,365,213 DSW, Inc. Class A.................................. 2,910 103,480 # Dunkin' Brands Group, Inc.......................... 22,270 1,053,594 Expedia, Inc....................................... 8,988 772,339 Family Dollar Stores, Inc.......................... 13,494 1,026,893 Ford Motor Co...................................... 115,668 1,701,476 * Fossil Group, Inc.................................. 11,258 1,101,032 Gap, Inc. (The).................................... 59,646 2,456,819 Gentex Corp........................................ 8,976 149,809 # Genuine Parts Co................................... 14,845 1,379,694 GNC Holdings, Inc. Class A......................... 19,381 859,354 Goodyear Tire & Rubber Co. (The)................... 61,016 1,479,028 H&R Block, Inc..................................... 42,742 1,465,196 Hanesbrands, Inc................................... 8,277 921,892 Harley-Davidson, Inc............................... 35,319 2,179,182 # Hasbro, Inc........................................ 17,864 981,091 Home Depot, Inc. (The)............................. 99,316 10,370,577 # HSN, Inc........................................... 4,138 320,447 International Game Technology...................... 29,718 502,829 Interpublic Group of Cos., Inc. (The).............. 35,674 711,340 Las Vegas Sands Corp............................... 18,003 978,823 * Liberty Global P.L.C. Class A...................... 4,272 199,588 * Liberty Global P.L.C. Series C..................... 9,832 448,241 # Lions Gate Entertainment Corp...................... 10,860 312,008 Lowe's Cos., Inc................................... 47,651 3,228,832 #* Lululemon Athletica, Inc........................... 4,960 328,550 # Macy's, Inc........................................ 19,202 1,226,624 # Mattel, Inc........................................ 43,508 1,170,365 McDonald's Corp.................................... 71,367 6,597,165 * Michael Kors Holdings, Ltd......................... 22,439 1,588,457 Newell Rubbermaid, Inc............................. 38,362 1,414,407 1669 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) NIKE, Inc. Class B................................. 29,718 $ 2,741,485 Nordstrom, Inc..................................... 30,963 2,359,381 * NVR, Inc........................................... 611 766,335 * O'Reilly Automotive, Inc........................... 15,770 2,954,667 # Omnicom Group, Inc................................. 57,568 4,190,950 #* Panera Bread Co. Class A........................... 2,251 386,857 PetSmart, Inc...................................... 14,523 1,186,602 # Polaris Industries, Inc............................ 10,478 1,515,014 * Priceline Group, Inc. (The)........................ 1,179 1,190,177 Ralph Lauren Corp.................................. 5,375 897,034 Ross Stores, Inc................................... 31,578 2,896,018 # Scripps Networks Interactive, Inc. Class A......... 16,420 1,167,298 #* Sirius XM Holdings, Inc............................ 375,090 1,331,569 Six Flags Entertainment Corp....................... 13,032 559,855 Starbucks Corp..................................... 52,934 4,633,313 Starwood Hotels & Resorts Worldwide, Inc........... 25,254 1,817,530 #* Starz.............................................. 1,350 39,852 * Tenneco, Inc....................................... 3,017 155,134 # Tiffany & Co....................................... 8,687 752,642 TJX Cos., Inc. (The)............................... 49,148 3,240,819 # Tractor Supply Co.................................. 13,765 1,117,305 * TripAdvisor, Inc................................... 6,376 427,256 Tupperware Brands Corp............................. 3,763 254,416 Twenty-First Century Fox, Inc. Class A............. 61,647 2,044,215 Twenty-First Century Fox, Inc. Class B............. 19,737 628,623 * Ulta Salon Cosmetics & Fragrance, Inc.............. 5,086 671,047 #* Under Armour, Inc. Class A......................... 4,196 302,448 #* Urban Outfitters, Inc.............................. 21,667 755,312 VF Corp............................................ 7,788 540,254 Viacom, Inc. Class A............................... 167 10,828 Viacom, Inc. Class B............................... 24,700 1,591,174 Williams-Sonoma, Inc............................... 7,717 603,855 Wyndham Worldwide Corp............................. 28,767 2,410,387 Wynn Resorts, Ltd.................................. 5,958 881,486 Yum! Brands, Inc................................... 30,493 2,204,034 ------------ Total Consumer Discretionary........................... 126,480,479 ------------ Consumer Staples -- (13.0%) Altria Group, Inc.................................. 143,784 7,634,930 # Avon Products, Inc................................. 23,822 184,382 Brown-Forman Corp. Class A......................... 718 63,701 Brown-Forman Corp. Class B......................... 11,023 979,614 # Campbell Soup Co................................... 49,376 2,258,458 Church & Dwight Co., Inc........................... 10,970 887,692 # Clorox Co. (The)................................... 18,102 1,931,664 Coca-Cola Co. (The)................................ 191,173 7,870,592 Coca-Cola Enterprises, Inc......................... 56,406 2,374,693 Colgate-Palmolive Co............................... 65,922 4,451,053 Costco Wholesale Corp.............................. 20,359 2,911,133 Dr Pepper Snapple Group, Inc....................... 29,236 2,259,066 Estee Lauder Cos., Inc. (The) Class A.............. 15,428 1,089,063 Flowers Foods, Inc................................. 5,602 109,575 General Mills, Inc................................. 41,428 2,174,141 1670 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Hershey Co. (The).................................. 9,022 $ 922,139 Kellogg Co......................................... 17,348 1,137,682 Keurig Green Mountain, Inc......................... 7,700 943,712 Kimberly-Clark Corp................................ 26,525 2,863,639 Kraft Foods Group, Inc............................. 39,280 2,566,555 Kroger Co. (The)................................... 39,593 2,733,897 # McCormick & Co., Inc.(579780206)................... 9,884 705,619 # McCormick & Co., Inc.(579780107)................... 100 7,174 Mead Johnson Nutrition Co.......................... 20,453 2,014,416 * Monster Beverage Corp.............................. 16,281 1,904,063 # Nu Skin Enterprises, Inc. Class A.................. 3,901 159,863 PepsiCo, Inc....................................... 113,705 10,663,255 # Pilgrim's Pride Corp............................... 12,478 338,778 Reynolds American, Inc............................. 16,351 1,111,051 Spectrum Brands Holdings, Inc...................... 600 53,808 #* Sprouts Farmers Market, Inc........................ 1,595 58,074 # Sysco Corp......................................... 39,555 1,549,369 Wal-Mart Stores, Inc............................... 114,774 9,753,495 * WhiteWave Foods Co. (The) Class A.................. 2,386 78,666 Whole Foods Market, Inc............................ 28,446 1,481,894 ----------- Total Consumer Staples................................. 78,226,906 ----------- Energy -- (2.8%) Cabot Oil & Gas Corp............................... 64,023 1,696,610 #* Continental Resources, Inc......................... 7,714 350,216 # Core Laboratories NV............................... 4,391 407,265 * FMC Technologies, Inc.............................. 24,386 913,987 Halliburton Co..................................... 50,745 2,029,293 # Kinder Morgan, Inc................................. 86,751 3,561,129 * Kosmos Energy, Ltd................................. 4,548 39,886 #* Oasis Petroleum, Inc............................... 12,223 164,277 Oceaneering International, Inc..................... 8,948 468,517 # ONEOK, Inc......................................... 32,381 1,425,735 # Range Resources Corp............................... 2,089 96,658 # RPC, Inc........................................... 23,034 287,234 Schlumberger, Ltd.................................. 43,982 3,623,677 Targa Resources Corp............................... 6,631 575,770 # Teekay Corp........................................ 11,219 474,900 Western Refining, Inc.............................. 10,303 382,550 Williams Cos., Inc. (The).......................... 8,130 356,582 ----------- Total Energy........................................... 16,854,286 ----------- Financials -- (2.8%) #* Altisource Portfolio Solutions SA.................. 1,149 23,302 American Express Co................................ 68,438 5,522,262 CBOE Holdings, Inc................................. 12,211 787,243 * CBRE Group, Inc. Class A........................... 49,331 1,595,365 # Eaton Vance Corp................................... 17,692 712,103 Erie Indemnity Co. Class A......................... 7,512 650,990 Franklin Resources, Inc............................ 9,425 485,670 # LPL Financial Holdings, Inc........................ 15,789 649,717 Marsh & McLennan Cos., Inc......................... 16,698 897,851 1671 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) McGraw Hill Financial, Inc......................... 18,831 $ 1,684,245 Moody's Corp....................................... 19,935 1,820,664 #* Ocwen Financial Corp............................... 6,934 42,436 * Realogy Holdings Corp.............................. 3,354 155,961 SEI Investments Co................................. 1,502 60,335 SLM Corp........................................... 49,777 453,469 T Rowe Price Group, Inc............................ 11,306 890,008 TD Ameritrade Holding Corp......................... 5,946 192,591 Waddell & Reed Financial, Inc. Class A............. 7,322 327,367 ----------- Total Financials....................................... 16,951,579 ----------- Health Care -- (12.7%) Abbott Laboratories................................ 1,464 65,529 AbbVie, Inc........................................ 117,781 7,108,083 Allergan, Inc...................................... 3,487 764,560 AmerisourceBergen Corp............................. 20,641 1,961,927 Amgen, Inc......................................... 36,279 5,523,841 Baxter International, Inc.......................... 35,315 2,482,998 Becton Dickinson and Co............................ 8,351 1,153,106 * Biogen Idec, Inc................................... 10,454 4,068,279 #* Bruker Corp........................................ 1,069 20,161 Cardinal Health, Inc............................... 14,440 1,201,264 * Celgene Corp....................................... 38,533 4,591,592 CR Bard, Inc....................................... 7,535 1,288,711 * DaVita HealthCare Partners, Inc.................... 6,582 494,045 * Edwards Lifesciences Corp.......................... 9,043 1,133,540 Eli Lilly & Co..................................... 10,081 725,832 * Gilead Sciences, Inc............................... 113,444 11,892,334 * Halyard Health, Inc................................ 3,139 139,905 #* IDEXX Laboratories, Inc............................ 7,680 1,216,666 * Illumina, Inc...................................... 2,805 547,508 Johnson & Johnson.................................. 142,712 14,291,180 * Laboratory Corp. of America Holdings............... 13,354 1,532,772 #* Mallinckrodt P.L.C................................. 4,872 516,383 McKesson Corp...................................... 10,759 2,287,901 * Medivation, Inc.................................... 4,868 529,736 Medtronic P.L.C.................................... 4,959 354,056 * Mettler-Toledo International, Inc.................. 2,613 794,221 #* Mylan, Inc......................................... 25,791 1,370,792 * Regeneron Pharmaceuticals, Inc..................... 1,855 772,904 #* Salix Pharmaceuticals, Ltd......................... 1,980 266,647 St Jude Medical, Inc............................... 27,017 1,779,610 * Taro Pharmaceutical Industries, Ltd................ 1,787 297,535 * Team Health Holdings, Inc.......................... 11,042 570,871 #* Tenet Healthcare Corp.............................. 14,276 603,589 #* United Therapeutics Corp........................... 2,408 339,841 #* Varian Medical Systems, Inc........................ 4,694 434,477 * Waters Corp........................................ 3,003 357,507 1672 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) Zoetis, Inc........................................ 63,890 $ 2,730,020 ----------- Total Health Care...................................... 76,209,923 ----------- Industrials -- (13.6%) 3M Co.............................................. 29,689 4,818,525 Allison Transmission Holdings, Inc................. 15,395 482,171 American Airlines Group, Inc....................... 48,405 2,375,717 Babcock & Wilcox Co. (The)......................... 4,857 132,256 Boeing Co. (The)................................... 46,926 6,821,633 # Caterpillar, Inc................................... 31,077 2,485,228 # CH Robinson Worldwide, Inc......................... 23,365 1,664,055 # Chicago Bridge & Iron Co. NV....................... 2,045 70,573 Cintas Corp........................................ 9,763 768,348 # Copa Holdings SA Class A........................... 792 85,148 * Copart, Inc........................................ 9,982 365,341 Crane Co........................................... 2,623 159,872 Cummins, Inc....................................... 7,017 978,591 # Deere & Co......................................... 20,253 1,725,353 Delta Air Lines, Inc............................... 35,835 1,695,354 Donaldson Co., Inc................................. 19,328 706,632 # Dover Corp......................................... 18,173 1,272,837 Emerson Electric Co................................ 50,676 2,885,491 Equifax, Inc....................................... 10,946 924,499 Expeditors International of Washington, Inc........ 15,134 661,053 # Fastenal Co........................................ 25,822 1,146,497 Flowserve Corp..................................... 12,019 654,915 Fluor Corp......................................... 14,751 790,506 General Dynamics Corp.............................. 12,673 1,688,170 Graco, Inc......................................... 5,141 366,245 Hexcel Corp........................................ 7,538 333,406 Honeywell International, Inc....................... 35,631 3,483,287 Hubbell, Inc. Class A.............................. 200 21,710 Huntington Ingalls Industries, Inc................. 5,816 678,146 Illinois Tool Works, Inc........................... 16,985 1,581,134 # JB Hunt Transport Services, Inc.................... 18,231 1,451,370 Lennox International, Inc.......................... 7,401 727,592 Lincoln Electric Holdings, Inc..................... 6,970 473,333 Lockheed Martin Corp............................... 19,314 3,638,178 # Manitowoc Co., Inc. (The).......................... 7,146 133,630 Masco Corp......................................... 54,535 1,354,649 * Middleby Corp. (The)............................... 2,262 214,935 # MSC Industrial Direct Co., Inc. Class A............ 4,404 330,608 Nordson Corp....................................... 9,846 717,380 * Old Dominion Freight Line, Inc..................... 6,922 485,371 PACCAR, Inc........................................ 8,818 530,050 Pall Corp.......................................... 3,823 369,913 Parker Hannifin Corp............................... 6,253 728,224 Pitney Bowes, Inc.................................. 31,031 744,123 Raytheon Co........................................ 9,003 900,750 Robert Half International, Inc..................... 11,886 690,101 Rockwell Automation, Inc........................... 12,420 1,352,786 Rockwell Collins, Inc.............................. 21,285 1,822,422 Rollins, Inc....................................... 11,399 376,737 1673 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* Sensata Technologies Holding NV.................... 6,361 $ 313,725 Snap-on, Inc....................................... 2,487 330,050 * Spirit Airlines, Inc............................... 5,705 422,969 * Stericycle, Inc.................................... 6,964 914,304 #* Swift Transportation Co............................ 19,074 468,839 Toro Co. (The)..................................... 3,844 249,514 TransDigm Group, Inc............................... 4,919 1,011,002 * United Continental Holdings, Inc................... 83,512 5,793,227 United Parcel Service, Inc. Class B................ 52,038 5,143,436 * United Rentals, Inc................................ 21,450 1,777,133 # Valmont Industries, Inc............................ 839 100,781 * Verisk Analytics, Inc. Class A..................... 26,435 1,701,092 * WABCO Holdings, Inc................................ 9,079 864,048 Wabtec Corp........................................ 4,138 345,316 Waste Management, Inc.............................. 19,572 1,006,588 # Watsco, Inc........................................ 604 65,751 # WW Grainger, Inc................................... 11,271 2,658,153 ----------- Total Industrials...................................... 82,030,773 ----------- Information Technology -- (18.1%) Accenture P.L.C. Class A........................... 45,230 3,800,677 * Alliance Data Systems Corp......................... 10,556 3,048,889 Amphenol Corp. Class A............................. 13,382 718,747 Apple, Inc......................................... 182,481 21,379,474 * Aspen Technology, Inc.............................. 3,877 137,033 Automatic Data Processing, Inc..................... 22,269 1,837,861 Avago Technologies, Ltd............................ 4,007 412,240 Booz Allen Hamilton Holding Corp................... 21,466 624,875 Broadridge Financial Solutions, Inc................ 11,747 563,739 #* Cadence Design Systems, Inc........................ 100 1,799 CDK Global, Inc.................................... 7,023 317,159 CDW Corp........................................... 38,739 1,327,198 * Citrix Systems, Inc................................ 3,972 235,381 * F5 Networks, Inc................................... 3,406 380,178 # FactSet Research Systems, Inc...................... 6,531 937,786 * Fiserv, Inc........................................ 40,000 2,901,200 * FleetCor Technologies, Inc......................... 3,784 531,652 #* Gartner, Inc....................................... 13,410 1,129,390 * Genpact, Ltd....................................... 6,193 124,294 Global Payments, Inc............................... 10,017 874,584 Harris Corp........................................ 15,831 1,062,735 # International Business Machines Corp............... 69,515 10,657,345 Intuit, Inc........................................ 11,410 990,616 #* IPG Photonics Corp................................. 634 47,322 Jack Henry & Associates, Inc....................... 12,006 736,808 KLA-Tencor Corp.................................... 1,003 61,654 Linear Technology Corp............................. 22,701 1,020,183 MasterCard, Inc. Class A........................... 73,613 6,038,474 Maxim Integrated Products, Inc..................... 1,083 35,836 * Micron Technology, Inc............................. 71,663 2,097,218 Microsoft Corp..................................... 408,956 16,521,822 * NCR Corp........................................... 6,036 153,314 #* NeuStar, Inc. Class A.............................. 2,440 64,148 1674 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) Oracle Corp........................................ 180,048 $ 7,542,211 Paychex, Inc....................................... 60,024 2,716,686 * PTC, Inc........................................... 9,165 306,203 #* Rackspace Hosting, Inc............................. 18,295 822,543 # SanDisk Corp....................................... 4,437 336,813 Seagate Technology P.L.C........................... 46,479 2,623,275 Solera Holdings, Inc............................... 2,193 113,159 Symantec Corp...................................... 10,673 264,370 * Syntel, Inc........................................ 2,402 103,886 #* Teradata Corp...................................... 13,270 591,311 Texas Instruments, Inc............................. 67,269 3,595,528 Total System Services, Inc......................... 15,481 547,563 # Ubiquiti Networks, Inc............................. 2,379 62,556 #* Ultimate Software Group, Inc. (The)................ 950 140,609 * Vantiv, Inc. Class A............................... 21,740 747,639 Visa, Inc. Class A................................. 23,804 6,067,878 # Western Union Co. (The)............................ 79,460 1,350,820 * WEX, Inc........................................... 2,899 266,853 ------------ Total Information Technology........................... 108,971,534 ------------ Materials -- (5.3%) Air Products & Chemicals, Inc...................... 9,302 1,354,464 Airgas, Inc........................................ 5,377 605,665 Albemarle Corp..................................... 5,093 245,788 Avery Dennison Corp................................ 13,897 726,396 Ball Corp.......................................... 21,775 1,379,011 Celanese Corp. Series A............................ 13,706 736,835 * Crown Holdings, Inc................................ 21,847 968,041 Eastman Chemical Co................................ 19,376 1,373,565 Ecolab, Inc........................................ 11,604 1,204,147 EI du Pont de Nemours & Co......................... 32,941 2,345,729 FMC Corp........................................... 12,925 743,187 International Flavors & Fragrances, Inc............ 5,670 601,644 LyondellBasell Industries NV Class A............... 38,007 3,005,974 Monsanto Co........................................ 33,044 3,898,531 # NewMarket Corp..................................... 1,768 795,016 * Owens-Illinois, Inc................................ 17,505 408,742 Packaging Corp. of America......................... 22,408 1,699,647 PPG Industries, Inc................................ 6,103 1,360,237 Praxair, Inc....................................... 25,910 3,124,487 RPM International, Inc............................. 12,000 574,320 Scotts Miracle-Gro Co. (The) Class A............... 4,620 293,047 Sealed Air Corp.................................... 18,321 742,000 Sherwin-Williams Co. (The)......................... 4,248 1,152,355 Silgan Holdings, Inc............................... 1,647 84,672 # Southern Copper Corp............................... 9,494 258,996 Valspar Corp. (The)................................ 7,489 624,807 Westlake Chemical Corp............................. 10,858 622,272 1675 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) * WR Grace & Co................................ 10,803 $ 936,404 ------------ Total Materials.................................... 31,865,979 ------------ Real Estate Investment Trusts -- (0.1%) # Iron Mountain, Inc........................... 18,738 746,522 ------------ Telecommunication Services -- (4.0%) * Level 3 Communications, Inc.................. 55,741 2,772,557 * SBA Communications Corp. Class A............. 16,862 1,967,795 Verizon Communications, Inc.................. 414,957 18,967,685 ------------ Total Telecommunication Services................... 23,708,037 ------------ TOTAL COMMON STOCKS................................ 562,046,018 ------------ TEMPORARY CASH INVESTMENTS -- (0.6%) State Street Institutional Liquid Reserves, 0.089%..................................... 3,802,633 3,802,633 ------------ SECURITIES LENDING COLLATERAL -- (6.0%) (S)@ DFA Short Term Investment Fund............... 3,087,043 35,717,085 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $541,126,347)^^............................. $601,565,736 ============ 1676 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary...... $126,480,479 -- -- $126,480,479 Consumer Staples............ 78,226,906 -- -- 78,226,906 Energy...................... 16,854,286 -- -- 16,854,286 Financials.................. 16,951,579 -- -- 16,951,579 Health Care................. 76,209,923 -- -- 76,209,923 Industrials................. 82,030,773 -- -- 82,030,773 Information Technology...... 108,971,534 -- -- 108,971,534 Materials................... 31,865,979 -- -- 31,865,979 Real Estate Investment Trusts.................... 746,522 -- -- 746,522 Telecommunication Services.. 23,708,037 -- -- 23,708,037 Temporary Cash Investments..... 3,802,633 -- -- 3,802,633 Securities Lending Collateral.. -- $35,717,085 -- 35,717,085 ------------ ----------- -- ------------ TOTAL.......................... $565,848,651 $35,717,085 -- $601,565,736 ============ =========== == ============ 1677 U.S. SMALL CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ ------ ---------- COMMON STOCKS -- (79.0%) Consumer Discretionary -- (19.8%) * 1-800-Flowers.com, Inc. Class A.................... 1,384 $ 10,920 * American Axle & Manufacturing Holdings, Inc........ 23,004 560,147 #* American Public Education, Inc..................... 4,671 156,806 * ANN, Inc........................................... 15,041 497,857 * Apollo Education Group, Inc. Class A............... 21,841 551,704 Arctic Cat, Inc.................................... 3,071 103,247 * Asbury Automotive Group, Inc....................... 10,685 792,934 # Big Lots, Inc...................................... 18,733 860,032 * BJ's Restaurants, Inc.............................. 7,923 350,910 * Bloomin' Brands, Inc............................... 40,273 995,347 * Blue Nile, Inc..................................... 3,481 108,190 Bob Evans Farms, Inc............................... 7,089 399,607 * Bravo Brio Restaurant Group, Inc................... 4,755 62,528 * Bright Horizons Family Solutions, Inc.............. 19,719 957,357 Brinker International, Inc......................... 19,058 1,113,559 Brown Shoe Co., Inc................................ 13,906 394,791 # Buckle, Inc. (The)................................. 12,177 618,470 #* Buffalo Wild Wings, Inc............................ 6,333 1,129,301 # Capella Education Co............................... 3,395 230,826 * Carmike Cinemas, Inc............................... 5,993 165,826 # Carriage Services, Inc............................. 4,360 95,048 * Carrols Restaurant Group, Inc...................... 1,025 8,159 Cato Corp. (The) Class A........................... 6,968 295,443 * Cavco Industries, Inc.............................. 700 51,457 # Cheesecake Factory, Inc. (The)..................... 18,039 947,228 Cherokee, Inc...................................... 640 11,635 Chico's FAS, Inc................................... 50,572 843,541 * Christopher & Banks Corp........................... 5,648 29,426 Churchill Downs, Inc............................... 3,970 377,110 #* Chuy's Holdings, Inc............................... 168 3,590 ClubCorp Holdings, Inc............................. 6,521 110,922 Collectors Universe, Inc........................... 150 3,525 Columbia Sportswear Co............................. 8,636 367,030 #* Conn's, Inc........................................ 9,808 154,378 Cooper Tire & Rubber Co............................ 2,947 102,526 Core-Mark Holding Co., Inc......................... 5,805 387,077 # Cracker Barrel Old Country Store, Inc.............. 7,393 994,432 * Crown Media Holdings, Inc. Class A................. 5,866 18,771 CST Brands, Inc.................................... 24,683 1,063,837 Culp, Inc.......................................... 2,228 44,761 #* Deckers Outdoor Corp............................... 11,125 734,806 * Del Frisco's Restaurant Group, Inc................. 6,187 122,688 * Denny's Corp....................................... 1,288 14,013 Destination Maternity Corp......................... 2,990 45,777 * Diamond Resorts International, Inc................. 429 12,175 DineEquity, Inc.................................... 5,979 638,258 #* Dixie Group, Inc. (The)............................ 700 5,656 #* Dorman Products, Inc............................... 11,095 507,374 * Drew Industries, Inc............................... 7,498 376,999 DSW, Inc. Class A.................................. 17,191 611,312 Entravision Communications Corp. Class A........... 2,763 17,048 1678 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) # Ethan Allen Interiors, Inc......................... 4,385 $ 119,360 * EVINE Live, Inc.................................... 4,380 27,463 * Express, Inc....................................... 30,112 393,865 * Famous Dave's Of America, Inc...................... 600 18,162 * Fiesta Restaurant Group, Inc....................... 8,007 472,974 Finish Line, Inc. (The) Class A.................... 14,667 346,141 #* Five Below, Inc.................................... 17,999 599,727 * Fox Factory Holding Corp........................... 297 4,511 #* G-III Apparel Group, Ltd........................... 7,099 690,023 * Gentherm, Inc...................................... 10,722 394,355 * Grand Canyon Education, Inc........................ 14,679 643,234 #* Hibbett Sports, Inc................................ 7,216 339,441 HSN, Inc........................................... 7,256 561,905 * Ignite Restaurant Group, Inc....................... 294 2,011 # Interval Leisure Group, Inc........................ 16,287 375,904 #* iRobot Corp........................................ 7,459 235,331 Jack in the Box, Inc............................... 12,741 1,080,309 #* Jamba, Inc......................................... 1,180 19,387 # KB Home............................................ 27,579 343,634 #* Kirkland's, Inc.................................... 4,328 100,713 * Kona Grill, Inc.................................... 700 16,450 La-Z-Boy, Inc...................................... 14,628 390,421 Libbey, Inc........................................ 5,323 174,115 * Liberty Tax, Inc................................... 750 27,000 Lithia Motors, Inc. Class A........................ 7,427 629,067 #* Lumber Liquidators Holdings, Inc................... 7,844 495,349 Marine Products Corp............................... 2,777 20,078 #* Mattress Firm Holding Corp......................... 4,220 243,156 Men's Wearhouse, Inc. (The)........................ 14,982 696,214 * Modine Manufacturing Co............................ 4,014 48,931 # Monro Muffler Brake, Inc........................... 9,578 547,287 Morningstar, Inc................................... 2,416 160,881 Movado Group, Inc.................................. 4,249 102,103 * Murphy USA, Inc.................................... 13,702 956,537 #* Nathan's Famous, Inc............................... 1,228 98,780 * Nautilus, Inc...................................... 9,190 130,866 #* New York & Co., Inc................................ 8,703 20,017 # New York Times Co. (The) Class A................... 48,242 607,367 # Nexstar Broadcasting Group, Inc. Class A........... 8,884 443,267 Nutrisystem, Inc................................... 6,230 111,019 * Orbitz Worldwide, Inc.............................. 32,619 301,073 #* Outerwall, Inc..................................... 4,206 261,109 #* Overstock.com, Inc................................. 5,980 133,832 Oxford Industries, Inc............................. 4,764 266,498 Papa John's International, Inc..................... 12,564 797,311 # PetMed Express, Inc................................ 1,588 24,932 # Pier 1 Imports, Inc................................ 24,195 406,718 Pool Corp.......................................... 14,272 887,861 * Popeyes Louisiana Kitchen, Inc..................... 8,179 469,638 * Red Robin Gourmet Burgers, Inc..................... 3,855 298,763 Ruth's Hospitality Group, Inc...................... 10,280 149,266 # Ryland Group, Inc. (The)........................... 6,605 265,191 #* Scientific Games Corp. Class A..................... 7,488 88,433 1679 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) SeaWorld Entertainment, Inc........................ 21,390 $ 374,539 * Select Comfort Corp................................ 16,494 492,181 * Shiloh Industries, Inc............................. 437 5,345 #* Shutterfly, Inc.................................... 7,378 323,673 # Sinclair Broadcast Group, Inc. Class A............. 18,124 448,388 #* Skechers U.S.A., Inc. Class A...................... 14,105 851,237 #* Smith & Wesson Holding Corp........................ 16,238 199,727 Sonic Corp......................................... 19,100 578,157 # Sotheby's.......................................... 21,509 915,208 Standard Motor Products, Inc....................... 6,362 231,959 #* Starz.............................................. 23,379 690,148 Stein Mart, Inc.................................... 2,900 39,904 * Steven Madden, Ltd................................. 21,288 731,030 Strattec Security Corp............................. 107 6,741 * Strayer Education, Inc............................. 3,087 206,829 # Sturm Ruger & Co., Inc............................. 1,130 45,652 #* Taylor Morrison Home Corp. Class A................. 3,742 66,495 # Texas Roadhouse, Inc............................... 21,444 720,304 Thor Industries, Inc............................... 17,696 997,170 * Tile Shop Holdings, Inc............................ 13,943 113,217 * Tower International, Inc........................... 5,574 131,937 #* Tumi Holdings, Inc................................. 21,429 485,795 * Universal Electronics, Inc......................... 4,026 256,617 Vail Resorts, Inc.................................. 11,387 999,323 Value Line, Inc.................................... 238 3,610 #* Vera Bradley, Inc.................................. 2,379 45,368 #* Vitamin Shoppe, Inc................................ 9,497 401,438 # Winmark Corp....................................... 1,277 104,088 # Winnebago Industries, Inc.......................... 7,349 146,172 # Wolverine World Wide, Inc.......................... 32,579 917,099 # World Wrestling Entertainment, Inc. Class A........ 1,300 15,743 * Zumiez, Inc........................................ 8,253 307,754 ----------- Total Consumer Discretionary........................... 47,947,189 ----------- Consumer Staples -- (3.5%) # Alico, Inc......................................... 1,296 61,612 # B&G Foods, Inc..................................... 17,513 522,588 #* Boston Beer Co., Inc. (The) Class A................ 2,920 918,398 #* Boulder Brands, Inc................................ 4,100 41,123 # Cal-Maine Foods, Inc............................... 14,820 519,441 Calavo Growers, Inc................................ 3,683 147,725 Casey's General Stores, Inc........................ 11,686 1,066,932 #* Chefs' Warehouse, Inc. (The)....................... 6,450 137,965 Coca-Cola Bottling Co. Consolidated................ 600 58,524 Dean Foods Co...................................... 17,667 320,126 * Farmer Bros. Co.................................... 2,611 78,095 #* Fresh Market, Inc. (The)........................... 15,766 600,842 Inter Parfums, Inc................................. 8,653 217,623 * Inventure Foods, Inc............................... 4,216 42,877 J&J Snack Foods Corp............................... 5,867 575,670 Lancaster Colony Corp.............................. 8,784 789,945 Limoneira Co....................................... 1,400 29,120 #* Medifast, Inc...................................... 4,062 128,725 1680 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) MGP Ingredients, Inc............................... 650 $ 10,309 * National Beverage Corp............................. 4,020 87,395 #* Natural Grocers by Vitamin Cottage, Inc............ 4,417 136,043 Oil-Dri Corp. of America........................... 1,477 45,226 # Orchids Paper Products Co.......................... 1,600 43,632 # Pricesmart, Inc.................................... 9,735 796,128 Rocky Mountain Chocolate Factory, Inc.............. 1,700 23,035 # Sanderson Farms, Inc............................... 7,303 583,948 * United Natural Foods, Inc.......................... 224 17,311 WD-40 Co........................................... 4,315 354,089 ---------- Total Consumer Staples................................. 8,354,447 ---------- Energy -- (1.6%) #* Bonanza Creek Energy, Inc.......................... 3,840 100,147 # CARBO Ceramics, Inc................................ 640 20,979 * Carrizo Oil & Gas, Inc............................. 16,155 728,590 EnLink Midstream LLC............................... 7,500 237,300 # GasLog, Ltd........................................ 20,348 355,887 * Gastar Exploration, Inc............................ 13,440 31,450 #* Matador Resources Co............................... 24,561 529,535 * Matrix Service Co.................................. 7,202 138,278 # Panhandle Oil and Gas, Inc. Class A................ 1,398 29,274 * PDC Energy, Inc.................................... 5,516 253,405 * PetroQuest Energy, Inc............................. 12,675 37,138 #* Rex Energy Corp.................................... 8,431 29,846 #* RigNet, Inc........................................ 4,073 139,378 SemGroup Corp. Class A............................. 9,199 619,369 * Synergy Resources Corp............................. 20,080 245,578 # US Silica Holdings, Inc............................ 16,970 427,644 * Willbros Group, Inc................................ 12,186 67,998 ---------- Total Energy........................................... 3,991,796 ---------- Financials -- (5.1%) #* Altisource Portfolio Solutions SA.................. 6,549 132,814 # Bank of Hawaii Corp................................ 14,673 828,438 # Bank of the Ozarks, Inc............................ 26,418 856,736 BGC Partners, Inc. Class A......................... 55,561 435,043 #* BofI Holding, Inc.................................. 4,476 377,595 Bridge Bancorp, Inc................................ 412 10,168 CKX Lands, Inc..................................... 233 3,509 # Cohen & Steers, Inc................................ 2,284 96,111 ConnectOne Bancorp, Inc............................ 2,247 41,345 * Consumer Portfolio Services, Inc................... 3,825 21,420 Crawford & Co. Class B............................. 1,463 13,679 #* Credit Acceptance Corp............................. 5,801 914,470 # Diamond Hill Investment Group, Inc................. 909 118,225 * Eagle Bancorp, Inc................................. 2,452 83,858 #* eHealth, Inc....................................... 1,006 10,301 Evercore Partners, Inc. Class A.................... 11,397 545,574 # Federated Investors, Inc. Class B.................. 3,143 99,350 Federated National Holding Co...................... 1,541 44,858 * First Cash Financial Services, Inc................. 8,944 444,696 1681 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Financials -- (Continued) FNF Group.......................................... 4,647 $ 163,110 # FXCM, Inc. Class A................................. 11,431 25,148 GAMCO Investors, Inc. Class A...................... 1,484 121,169 * Green Dot Corp. Class A............................ 5,619 85,690 # Greenhill & Co., Inc............................... 5,933 218,809 # HCI Group, Inc..................................... 2,858 132,068 HFF, Inc. Class A.................................. 11,105 377,237 Home BancShares, Inc............................... 20,531 608,128 # Independent Bank Group, Inc........................ 1,426 44,505 #* Ladenburg Thalmann Financial Services, Inc......... 22,329 85,073 Manning & Napier, Inc.............................. 594 6,362 MarketAxess Holdings, Inc.......................... 12,086 918,173 #* Nationstar Mortgage Holdings, Inc.................. 600 15,426 #* PRA Group, Inc..................................... 16,701 827,033 Primerica, Inc..................................... 3,298 163,713 Pzena Investment Management, Inc. Class A.......... 2,300 18,699 # RCS Capital Corp. Class A.......................... 9,879 93,159 # RLI Corp........................................... 1,616 75,807 * Texas Capital Bancshares, Inc...................... 14,183 579,376 # Universal Insurance Holdings, Inc.................. 8,247 191,578 Virtus Investment Partners, Inc.................... 2,910 394,683 # Westamerica Bancorporation......................... 8,346 339,515 * Western Alliance Bancorp........................... 30,073 773,177 Westwood Holdings Group, Inc....................... 2,094 123,525 # WisdomTree Investments, Inc........................ 40,903 712,530 #* World Acceptance Corp.............................. 644 47,302 * Yadkin Financial Corp.............................. 4,780 91,107 ----------- Total Financials 12,310,292 ----------- Health Care -- (9.9%) #* Acadia Healthcare Co., Inc......................... 3,136 181,104 * Acorda Therapeutics, Inc........................... 11,227 466,482 #* Addus HomeCare Corp................................ 544 12,066 #* Air Methods Corp................................... 12,510 519,790 #* Akorn, Inc......................................... 26,465 1,126,880 #* Albany Molecular Research, Inc..................... 9,576 156,376 * AMN Healthcare Services, Inc....................... 11,103 208,958 * Amsurg Corp........................................ 14,085 777,210 * Anika Therapeutics, Inc............................ 3,667 143,673 # Atrion Corp........................................ 547 183,245 * Biospecifics Technologies Corp..................... 1,000 39,340 * Cambrex Corp....................................... 6,603 148,105 Cantel Medical Corp................................ 11,507 466,839 * Capital Senior Living Corp......................... 1,516 36,187 * Charles River Laboratories International, Inc...... 15,916 1,103,775 # Chemed Corp........................................ 4,205 425,294 # Computer Programs & Systems, Inc................... 3,136 154,479 * Corvel Corp........................................ 5,386 177,415 * Cyberonics, Inc.................................... 8,059 447,839 * Depomed, Inc....................................... 14,341 262,010 * Endo International P.L.C........................... 3,023 240,697 Ensign Group, Inc. (The)........................... 5,101 211,692 #* ExamWorks Group, Inc............................... 12,450 460,152 1682 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) * Gentiva Health Services, Inc....................... 6,222 $ 120,831 * Globus Medical, Inc. Class A....................... 20,052 472,826 * Haemonetics Corp................................... 1,556 61,618 HealthSouth Corp................................... 22,654 999,041 Hill-Rom Holdings, Inc............................. 19,638 937,911 #* HMS Holdings Corp.................................. 29,466 582,985 * Hyperion Therapeutics, Inc......................... 1,892 47,868 * ICU Medical, Inc................................... 4,520 377,782 * Impax Laboratories, Inc............................ 4,108 150,640 * Integra LifeSciences Holdings Corp................. 8,972 499,920 #* IPC Healthcare, Inc................................ 4,355 175,768 # Landauer, Inc...................................... 390 10,908 #* Lannett Co., Inc................................... 11,162 529,414 #* Ligand Pharmaceuticals, Inc. Class B............... 6,474 368,500 * Luminex Corp....................................... 8,379 147,889 * Masimo Corp........................................ 16,462 420,110 * MedAssets, Inc..................................... 18,416 340,880 #* Medidata Solutions, Inc............................ 2,959 127,207 # Meridian Bioscience, Inc........................... 11,242 194,487 * Molina Healthcare, Inc............................. 15,197 773,679 * MWI Veterinary Supply, Inc......................... 2,229 422,774 #* Myriad Genetics, Inc............................... 21,034 787,092 National Research Corp. Class A.................... 900 12,465 # National Research Corp. Class B.................... 150 5,183 #* Natus Medical, Inc................................. 9,334 350,958 * NuVasive, Inc...................................... 6,119 283,432 * Omnicell, Inc...................................... 9,507 302,608 # Owens & Minor, Inc................................. 18,780 642,839 * Pain Therapeutics, Inc............................. 1,505 2,965 #* PAREXEL International Corp......................... 17,115 1,043,330 * Prestige Brands Holdings, Inc...................... 15,659 536,477 * Providence Service Corp. (The)..................... 4,490 175,110 Quality Systems, Inc............................... 18,180 296,152 #* Quidel Corp........................................ 2,383 56,096 #* Repligen Corp...................................... 11,086 269,279 #* Sagent Pharmaceuticals, Inc........................ 8,012 205,668 * Sciclone Pharmaceuticals, Inc...................... 2,991 22,074 Select Medical Holdings Corp....................... 37,480 506,730 STERIS Corp........................................ 17,836 1,163,264 #* Sucampo Pharmaceuticals, Inc. Class A.............. 4,300 64,758 #* SurModics, Inc..................................... 1,020 23,378 * Team Health Holdings, Inc.......................... 3,355 173,454 * Thoratec Corp...................................... 16,195 581,239 US Physical Therapy, Inc........................... 2,900 112,491 Utah Medical Products, Inc......................... 680 38,549 * Vascular Solutions, Inc............................ 2,020 55,065 West Pharmaceutical Services, Inc.................. 13,062 644,087 ----------- Total Health Care 24,067,389 ----------- Industrials -- (15.0%) AAON, Inc.......................................... 16,768 365,710 * Accuride Corp...................................... 2,344 10,314 Aceto Corp......................................... 6,574 127,536 1683 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Advisory Board Co. (The)........................... 8,033 $ 376,587 Allegiant Travel Co................................ 5,671 1,027,982 Altra Industrial Motion Corp....................... 7,769 198,498 # American Science & Engineering, Inc................ 1,649 76,514 * American Woodmark Corp............................. 3,564 146,587 Apogee Enterprises, Inc............................ 8,462 366,066 Applied Industrial Technologies, Inc............... 13,653 551,991 * ARC Document Solutions, Inc........................ 8,984 82,383 Argan, Inc......................................... 2,821 85,787 * Armstrong World Industries, Inc.................... 18,651 945,606 * Astronics Corp..................................... 2,981 166,012 * Astronics Corp. Class B............................ 596 33,376 AZZ, Inc........................................... 8,025 338,575 Babcock & Wilcox Co. (The)......................... 3,235 88,089 # Barrett Business Services, Inc..................... 1,943 59,553 * Blount International, Inc.......................... 15,808 245,024 Brink's Co. (The).................................. 13,224 296,350 #* Builders FirstSource, Inc.......................... 13,323 78,872 #* Casella Waste Systems, Inc. Class A................ 6,920 26,365 Ceco Environmental Corp............................ 4,293 58,900 CIRCOR International, Inc.......................... 4,983 246,110 CLARCOR, Inc....................................... 14,587 912,125 Columbus McKinnon Corp............................. 958 23,998 Comfort Systems USA, Inc........................... 1,078 17,949 Corporate Executive Board Co. (The)................ 11,082 759,339 * CTPartners Executive Search, Inc................... 235 1,288 Deluxe Corp........................................ 16,942 1,100,044 Douglas Dynamics, Inc.............................. 890 17,969 * DXP Enterprises, Inc............................... 3,939 161,578 #* Echo Global Logistics, Inc......................... 8,108 214,051 EnerSys............................................ 1,764 102,982 * EnPro Industries, Inc.............................. 7,319 434,236 Exponent, Inc...................................... 3,566 285,779 Federal Signal Corp................................ 19,913 304,072 Forward Air Corp................................... 10,077 452,457 * Franklin Covey Co.................................. 2,550 46,079 # Franklin Electric Co., Inc......................... 14,563 498,200 * Furmanite Corp..................................... 4,334 31,768 G&K Services, Inc. Class A......................... 4,778 334,938 #* Generac Holdings, Inc.............................. 11,171 488,620 Global Brass & Copper Holdings, Inc................ 2,436 31,985 #* Goldfield Corp. (The).............................. 4,847 11,003 # Gorman-Rupp Co. (The).............................. 6,177 176,106 * GP Strategies Corp................................. 4,449 148,508 Graham Corp........................................ 2,315 47,897 # Greenbrier Cos., Inc. (The)........................ 7,459 387,346 H&E Equipment Services, Inc........................ 11,322 198,588 Harsco Corp........................................ 27,489 405,738 # Healthcare Services Group, Inc..................... 22,559 710,834 # Heartland Express, Inc............................. 27,757 713,077 # HEICO Corp......................................... 5,207 315,961 HEICO Corp. Class A................................ 3,075 145,048 Herman Miller, Inc................................. 14,355 417,013 1684 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Hillenbrand, Inc................................... 20,485 $ 643,434 HNI Corp........................................... 13,617 670,637 * Hub Group, Inc. Class A............................ 10,312 344,421 * Huron Consulting Group, Inc........................ 7,303 549,332 Hyster-Yale Materials Handling, Inc................ 3,505 219,588 Insperity, Inc..................................... 7,022 294,503 Insteel Industries, Inc............................ 1,500 30,630 Interface, Inc..................................... 21,405 336,273 John Bean Technologies Corp........................ 9,199 277,718 # Kaman Corp......................................... 6,838 259,981 Kforce, Inc........................................ 9,472 221,645 # Knight Transportation, Inc......................... 27,803 792,107 Knoll, Inc......................................... 12,528 256,699 # Landstar System, Inc............................... 14,575 933,966 # Lindsay Corp....................................... 3,120 269,630 # Manitowoc Co., Inc. (The).......................... 25,015 467,780 #* MasTec, Inc........................................ 27,352 506,559 Matthews International Corp. Class A............... 9,187 425,634 * Mistras Group, Inc................................. 2,654 53,345 MSA Safety, Inc.................................... 11,983 523,178 Mueller Industries, Inc............................ 16,948 531,998 Mueller Water Products, Inc. Class A............... 58,845 601,984 Multi-Color Corp................................... 2,443 142,231 NN, Inc............................................ 3,952 91,094 #* Nortek, Inc........................................ 4,350 332,035 # Omega Flex, Inc.................................... 1,000 31,370 * On Assignment, Inc................................. 16,025 562,958 Park-Ohio Holdings Corp............................ 2,636 140,841 * Patrick Industries, Inc............................ 2,577 110,811 #* Performant Financial Corp.......................... 7,174 35,583 * PGT, Inc........................................... 14,388 123,593 #* Polypore International, Inc........................ 9,010 402,927 Primoris Services Corp............................. 17,895 336,068 * Proto Labs, Inc.................................... 7,313 470,884 #* Radiant Logistics, Inc............................. 2,500 12,025 # Raven Industries, Inc.............................. 10,131 217,209 RBC Bearings, Inc.................................. 6,901 400,534 * Rexnord Corp....................................... 33,549 830,338 # RR Donnelley & Sons Co............................. 12,677 208,790 * Saia, Inc.......................................... 7,367 310,224 * SP Plus Corp....................................... 1,472 32,855 * Sparton Corp....................................... 800 18,784 * Spirit Airlines, Inc............................... 18,235 1,351,943 Standex International Corp......................... 3,568 250,081 Steelcase, Inc. Class A............................ 29,609 499,800 # Sun Hydraulics Corp................................ 7,674 278,106 #* Swift Transportation Co............................ 25,789 633,894 * Taser International, Inc........................... 15,345 414,468 * Team, Inc.......................................... 5,357 204,316 Tennant Co......................................... 5,278 344,178 Textainer Group Holdings, Ltd...................... 6,887 225,962 * Thermon Group Holdings, Inc........................ 7,289 149,060 #* Trex Co., Inc...................................... 9,690 412,116 1685 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) * Trimas Corp........................................ 12,787 $ 345,121 * TrueBlue, Inc...................................... 12,108 267,102 Twin Disc, Inc..................................... 400 6,440 Universal Truckload Services, Inc.................. 4,563 107,504 # US Ecology, Inc.................................... 5,783 239,763 #* Wabash National Corp............................... 26,093 325,380 Watsco, Inc........................................ 520 56,607 Watts Water Technologies, Inc. Class A............. 2,400 140,712 Woodward, Inc...................................... 2,453 109,428 ----------- Total Industrials 36,279,540 ----------- Information Technology -- (18.7%) * ACI Worldwide, Inc................................. 38,774 716,156 * Acxiom Corp........................................ 17,779 323,578 ADTRAN, Inc........................................ 4,587 101,419 #* Advanced Micro Devices, Inc........................ 46,118 118,523 * Alliance Data Systems Corp......................... 873 252,149 American Software, Inc. Class A.................... 5,886 48,795 * Amkor Technology, Inc.............................. 12,754 80,988 * Anixter International, Inc......................... 7,858 592,179 * Atmel Corp......................................... 38,941 324,378 * AVG Technologies NV................................ 17,395 344,073 # Badger Meter, Inc.................................. 3,593 215,077 Belden, Inc........................................ 9,353 775,738 Blackbaud, Inc..................................... 14,232 622,081 * Blackhawk Network Holdings, Inc. Class B........... 10,848 359,177 Booz Allen Hamilton Holding Corp................... 25,333 737,444 * Cabot Microelectronics Corp........................ 7,241 357,778 #* Cardtronics, Inc................................... 15,123 508,284 * Cascade Microtech, Inc............................. 1,200 16,152 Cass Information Systems, Inc...................... 1,964 86,062 #* Cirrus Logic, Inc.................................. 17,334 459,351 #* Clearfield, Inc.................................... 1,000 11,780 * Cognex Corp........................................ 19,266 708,025 * Coherent, Inc...................................... 367 22,710 Computer Task Group, Inc........................... 953 7,710 * Comverse, Inc...................................... 3,995 68,834 Concurrent Computer Corp........................... 1,757 11,069 * Constant Contact, Inc.............................. 3,517 133,013 * CoreLogic, Inc..................................... 26,041 864,561 #* Cray, Inc.......................................... 9,277 301,410 CSG Systems International, Inc..................... 9,578 234,853 Cypress Semiconductor Corp......................... 4,166 61,365 Daktronics, Inc.................................... 10,902 134,967 #* Datalink Corp...................................... 3,565 40,498 * Dealertrack Technologies, Inc...................... 1,823 73,285 * Dice Holdings, Inc................................. 15,356 126,994 # Diebold, Inc....................................... 5,751 179,431 # Digimarc Corp...................................... 497 13,429 * DTS, Inc........................................... 1,761 48,815 # EarthLink Holdings Corp............................ 5,891 24,860 * Electronics for Imaging, Inc....................... 15,584 602,322 #* Ellie Mae, Inc..................................... 3,425 151,522 1686 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) #* EnerNOC, Inc....................................... 2,685 $ 46,236 * EPAM Systems, Inc.................................. 16,356 800,299 * Euronet Worldwide, Inc............................. 17,858 810,575 * ExlService Holdings, Inc........................... 8,805 258,691 Fair Isaac Corp.................................... 10,987 783,922 * FARO Technologies, Inc............................. 4,972 275,200 #* Finisar Corp....................................... 9,950 180,493 Forrester Research, Inc............................ 1,015 38,306 * Global Cash Access Holdings, Inc................... 18,341 121,234 Globalscape, Inc................................... 6,831 15,848 * GTT Communications, Inc............................ 2,345 26,991 # Heartland Payment Systems, Inc..................... 12,136 604,009 * Higher One Holdings, Inc........................... 41 136 * iGATE Corp......................................... 21,431 758,657 * Integrated Device Technology, Inc.................. 49,106 898,149 InterDigital, Inc.................................. 12,769 638,195 * Internap Corp...................................... 1,494 12,579 # j2 Global, Inc..................................... 15,962 916,857 * JDS Uniphase Corp.................................. 1,766 21,457 * Kofax, Ltd......................................... 15,712 108,256 * Lattice Semiconductor Corp......................... 33,265 237,179 Leidos Holdings, Inc............................... 20,255 838,557 * Lionbridge Technologies, Inc....................... 14,471 72,066 Littelfuse, Inc.................................... 7,268 717,642 #* LoJack Corp........................................ 4,300 9,116 * M/A-COM Technology Solutions Holdings, Inc......... 4,789 155,690 * Manhattan Associates, Inc.......................... 23,897 1,066,762 MAXIMUS, Inc....................................... 21,322 1,188,062 Mentor Graphics Corp............................... 31,074 715,013 # Mesa Laboratories, Inc............................. 852 64,897 Methode Electronics, Inc........................... 12,927 467,570 Micrel, Inc........................................ 15,101 212,471 * Microsemi Corp..................................... 28,710 799,861 * MicroStrategy, Inc. Class A........................ 546 88,234 Monotype Imaging Holdings, Inc..................... 11,485 336,970 MTS Systems Corp................................... 4,294 310,370 * NAPCO Security Technologies, Inc................... 3,838 19,075 #* Netscout Systems, Inc.............................. 13,398 480,988 * Newport Corp....................................... 4,953 91,730 NIC, Inc........................................... 18,623 305,790 * OSI Systems, Inc................................... 6,362 445,213 Park Electrochemical Corp.......................... 760 16,500 Pegasystems, Inc................................... 22,559 441,480 * Perficient, Inc.................................... 5,305 95,490 #* Planar Systems, Inc................................ 1,500 10,980 Plantronics, Inc................................... 14,816 679,017 * PMC-Sierra, Inc.................................... 58,325 515,593 Power Integrations, Inc............................ 9,520 491,042 * Progress Software Corp............................. 17,932 449,197 QAD, Inc. Class A.................................. 560 10,830 * Qorvo, Inc......................................... 17,509 1,293,390 * Rambus, Inc........................................ 28,130 316,462 * RealD, Inc......................................... 768 8,333 1687 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) Reis, Inc.......................................... 1,500 $ 33,750 * Riverbed Technology, Inc........................... 41,999 864,339 * Rogers Corp........................................ 1,200 88,632 * Sapient Corp....................................... 46,955 1,167,301 Science Applications International Corp............ 15,442 753,261 * Semtech Corp....................................... 1,031 26,249 * Shutterstock, Inc.................................. 1,839 103,517 * Silicon Image, Inc................................. 27,157 197,160 * Silicon Laboratories, Inc.......................... 10,167 444,908 * SolarWinds, Inc.................................... 23,691 1,140,722 * Stamps.com, Inc.................................... 1,909 86,993 * Super Micro Computer, Inc.......................... 12,797 467,986 #* Synaptics, Inc..................................... 12,345 948,219 * Synchronoss Technologies, Inc...................... 14,495 615,603 #* Take-Two Interactive Software, Inc................. 34,387 1,021,982 * TeleTech Holdings, Inc............................. 14,100 311,046 # Tessco Technologies, Inc........................... 800 18,120 Tessera Technologies, Inc.......................... 15,079 559,129 #* TiVo, Inc.......................................... 37,001 387,030 #* Travelzoo, Inc..................................... 1,031 8,846 * Tyler Technologies, Inc............................ 10,969 1,163,591 Ubiquiti Networks, Inc............................. 231 6,074 * Verint Systems, Inc................................ 17,238 920,164 #* ViaSat, Inc........................................ 14,975 841,894 * Virtusa Corp....................................... 8,461 316,949 * Web.com Group, Inc................................. 15,691 237,091 #* WebMD Health Corp.................................. 6,742 261,252 * Zebra Technologies Corp. Class A................... 13,766 1,148,910 * Zix Corp........................................... 1,980 7,009 ----------- Total Information Technology........................... 45,276,222 ----------- Materials -- (4.8%) * AEP Industries, Inc................................ 798 39,988 Balchem Corp....................................... 7,129 377,623 * Berry Plastics Group, Inc.......................... 7,339 248,205 * Boise Cascade Co................................... 11,012 445,325 * Calgon Carbon Corp................................. 15,767 311,083 # Chase Corp......................................... 710 25,418 * Chemtura Corp...................................... 29,980 653,264 Compass Minerals International, Inc................ 11,299 987,533 # Deltic Timber Corp................................. 3,214 200,875 * Ferro Corp......................................... 28,419 316,303 #* Flotek Industries, Inc............................. 16,349 264,363 FutureFuel Corp.................................... 2,020 22,200 Globe Specialty Metals, Inc........................ 21,485 331,299 Hawkins, Inc....................................... 560 21,566 HB Fuller Co....................................... 15,550 639,883 * Headwaters, Inc.................................... 22,416 315,617 Innophos Holdings, Inc............................. 6,869 408,980 Innospec, Inc...................................... 6,466 255,213 KapStone Paper and Packaging Corp.................. 32,658 975,494 Koppers Holdings, Inc.............................. 5,780 104,965 Minerals Technologies, Inc......................... 11,016 719,675 1688 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------- Materials -- (Continued) Myers Industries, Inc............................ 8,079 $ 134,515 Neenah Paper, Inc................................ 4,568 262,112 * OMNOVA Solutions, Inc............................ 3,201 21,959 #* Penford Corp..................................... 1,600 30,112 PolyOne Corp..................................... 8,049 286,464 Quaker Chemical Corp............................. 3,597 283,875 Schweitzer-Mauduit International, Inc............ 8,318 323,238 Sensient Technologies Corp....................... 16,344 996,984 Silgan Holdings, Inc............................. 8,729 448,758 Stepan Co........................................ 3,643 139,891 #* Stillwater Mining Co............................. 6,349 86,791 * Trecora Resources................................ 1,205 16,569 United States Lime & Minerals, Inc............... 1,260 87,129 Wausau Paper Corp................................ 4,651 47,254 Worthington Industries, Inc...................... 22,152 663,009 ------------- Total Materials........................................ 11,493,532 ------------- Real Estate Investment Trusts -- (0.0%) CareTrust REIT, Inc.............................. 5,772 77,807 ------------- Telecommunication Services -- (0.6%) Cogent Communications Holdings, Inc.............. 14,597 540,965 # Consolidated Communications Holdings, Inc........ 10,930 254,450 IDT Corp. Class B................................ 5,146 109,919 Inteliquent, Inc................................. 8,251 138,782 Lumos Networks Corp.............................. 4,959 79,493 # NTELOS Holdings Corp............................. 4,994 20,475 Shenandoah Telecommunications Co................. 800 23,768 * Vonage Holdings Corp............................. 55,181 231,760 ------------- Total Telecommunication Services....................... 1,399,612 ------------- TOTAL COMMON STOCKS.................................... 191,197,826 ------------- RIGHTS/WARRANTS -- (0.0%) o* Providence Service Corp. (The) Rights 02/05/2015.................................... 185 -- ------------- TEMPORARY CASH INVESTMENTS -- (0.7%) State Street Institutional Liquid Reserves, 0.089%......................................... 1,708,688 1,708,688 ------------- SECURITIES LENDING COLLATERAL -- (20.3%) (S)@ DFA Short Term Investment Fund................... 4,232,125 48,965,690 ------------- TOTAL INVESTMENTS -- (100.0%) (Cost $215,608,555)^^.................................. $241,872,204. ============= 1689 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary........ $ 47,947,189 -- -- $ 47,947,189 Consumer Staples.............. 8,354,447 -- -- 8,354,447 Energy........................ 3,991,796 -- -- 3,991,796 Financials.................... 12,310,292 -- -- 12,310,292 Health Care................... 24,067,389 -- -- 24,067,389 Industrials................... 36,279,540 -- -- 36,279,540 Information Technology........ 45,276,222 -- -- 45,276,222 Materials..................... 11,493,532 -- -- 11,493,532 Real Estate Investment Trusts. 77,807 -- -- 77,807 Telecommunication Services.... 1,399,612 -- -- 1,399,612 Rights/Warrants.................. -- -- -- -- Temporary Cash Investments....... 1,708,688 -- -- 1,708,688 Securities Lending Collateral.... -- $48,965,690 -- 48,965,690 ------------ ----------- -- ------------ TOTAL............................ $192,906,514 $48,965,690 -- $241,872,204 ============ =========== == ============ 1690 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ----------- COMMON STOCKS -- (92.6%) AUSTRALIA -- (6.1%) Amcor, Ltd............................................. 74,732 $ 738,593 AMP, Ltd............................................... 71,671 319,625 Ansell, Ltd............................................ 5,461 95,855 Aristocrat Leisure, Ltd................................ 30,171 163,447 # BHP Billiton, Ltd. Sponsored ADR....................... 23,600 1,093,388 Brambles, Ltd.......................................... 96,706 792,272 Caltex Australia, Ltd.................................. 3,607 93,350 # carsales.com, Ltd...................................... 7,310 58,208 Coca-Cola Amatil, Ltd.................................. 35,348 265,317 # Cochlear, Ltd.......................................... 3,232 207,732 # Commonwealth Bank of Australia......................... 26,627 1,841,125 Computershare, Ltd..................................... 17,153 154,119 CSL, Ltd............................................... 18,625 1,267,497 Flight Centre Travel Group, Ltd........................ 1,791 52,282 Insurance Australia Group, Ltd......................... 141,601 701,455 # Leighton Holdings, Ltd................................. 6,338 100,860 Monadelphous Group, Ltd................................ 597 3,761 Navitas, Ltd........................................... 5,081 20,994 Platinum Asset Management, Ltd......................... 12,357 83,053 Ramsay Health Care, Ltd................................ 4,689 215,782 REA Group, Ltd......................................... 2,985 114,182 Rio Tinto, Ltd......................................... 5,466 243,740 Seek, Ltd.............................................. 10,470 144,093 Tabcorp Holdings, Ltd.................................. 25,379 89,703 # Telstra Corp., Ltd..................................... 115,088 580,502 TPG Telecom, Ltd....................................... 7,916 40,942 Woolworths, Ltd........................................ 44,688 1,099,715 ----------- TOTAL AUSTRALIA............................................ 10,581,592 ----------- AUSTRIA -- (0.1%) Andritz AG............................................. 2,299 124,448 Voestalpine AG......................................... 1,918 68,305 ----------- TOTAL AUSTRIA.............................................. 192,753 ----------- CANADA -- (9.2%) Alimentation Couche Tard, Inc. Class B................. 16,800 658,277 # ARC Resources, Ltd..................................... 19,900 360,195 # BCE, Inc............................................... 8,601 395,022 # Bombardier, Inc. Class B............................... 153,400 350,091 Canadian Imperial Bank of Commerce..................... 7,301 506,835 Canadian National Railway Co........................... 18,369 1,211,987 Canadian Oil Sands, Ltd................................ 6,598 40,760 Canadian Pacific Railway, Ltd.......................... 3,398 593,529 * Canfor Corp............................................ 6,300 157,413 CCL Industries, Inc. Class B........................... 1,100 113,705 * CGI Group, Inc. Class A................................ 14,300 566,621 # CI Financial Corp...................................... 15,700 400,315 # Cineplex, Inc.......................................... 500 17,782 # Cogeco Cable, Inc...................................... 1,200 68,938 Constellation Software, Inc............................ 1,245 344,969 # Crescent Point Energy Corp............................. 800 19,013 1691 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) Dollarama, Inc.......................................... 8,100 $ 384,697 Finning International, Inc.............................. 8,063 132,935 Gibson Energy, Inc...................................... 2,400 42,704 IGM Financial, Inc...................................... 2,600 89,231 # Inter Pipeline, Ltd..................................... 3,044 79,148 Jean Coutu Group PJC, Inc. (The) Class A................ 2,800 56,168 Keyera Corp............................................. 3,300 194,775 Linamar Corp............................................ 4,353 249,355 MacDonald Dettwiler & Associates, Ltd................... 700 51,419 Magna International, Inc................................ 5,800 557,269 Methanex Corp........................................... 7,188 316,991 Metro, Inc.............................................. 3,000 237,412 Onex Corp............................................... 6,200 340,324 Open Text Corp.......................................... 4,500 255,015 # Peyto Exploration & Development Corp.................... 9,787 247,236 Potash Corp. of Saskatchewan, Inc....................... 10,104 369,200 Progressive Waste Solutions, Ltd........................ 7,396 211,048 Quebecor, Inc. Class B.................................. 5,700 142,870 * Restaurant Brands International, Inc.................... 4,428 171,291 Rogers Communications, Inc. Class B..................... 11,088 395,065 Royal Bank of Canada.................................... 26,337 1,486,910 Saputo, Inc............................................. 17,000 488,849 Shaw Communications, Inc. Class B....................... 34,712 803,236 ShawCor, Ltd............................................ 3,092 84,922 SNC-Lavalin Group, Inc.................................. 4,667 154,440 Stantec, Inc............................................ 2,971 73,065 TELUS Corp.............................................. 7,311 250,767 TransForce, Inc......................................... 4,800 108,942 * Valeant Pharmaceuticals International, Inc.(91911K102).. 1,196 191,324 * Valeant Pharmaceuticals International, Inc.(B3XSX46).... 8,700 1,391,028 # Vermilion Energy, Inc................................... 9,763 430,027 West Fraser Timber Co., Ltd............................. 2,200 126,352 Westjet Airlines, Ltd................................... 400 9,607 ----------- TOTAL CANADA................................................ 15,929,074 ----------- FINLAND -- (0.7%)........................................... Elisa Oyj............................................... 5,856 155,769 Kone Oyj Class B........................................ 12,772 576,045 Metso Oyj............................................... 4,643 141,264 Orion Oyj Class A....................................... 609 20,041 Orion Oyj Class B....................................... 2,720 89,677 Wartsila Oyj Abp........................................ 4,091 189,649 ----------- TOTAL FINLAND............................................... 1,172,445 ----------- FRANCE -- (9.0%)............................................ Accor SA................................................ 6,091 302,826 Aeroports de Paris...................................... 1,034 124,064 Air Liquide SA.......................................... 6,869 865,964 * Alcatel-Lucent.......................................... 98,583 341,206 Arkema SA............................................... 3,493 249,172 AtoS.................................................... 3,610 265,442 Bureau Veritas SA....................................... 13,580 287,568 1692 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) Cap Gemini SA........................................... 5,006 $ 363,336 Carrefour SA............................................ 54,779 1,716,546 Christian Dior SA....................................... 1,912 328,843 Cie Generale des Etablissements Michelin................ 6,307 614,188 Danone SA............................................... 10,163 682,047 Dassault Systemes SA.................................... 2,195 135,641 Eiffage SA.............................................. 1,082 52,680 Essilor International SA................................ 9,911 1,103,802 European Aeronautic Defence and Space Co. NV............ 15,483 824,936 Eutelsat Communications SA.............................. 9,825 337,523 # Hermes International.................................... 299 101,472 Iliad SA................................................ 1,613 374,645 Imerys SA............................................... 1,921 138,706 # Ingenico................................................ 1,607 168,000 JCDecaux SA............................................. 4,013 144,390 L'Oreal SA.............................................. 2,211 395,336 Legrand SA.............................................. 9,340 500,672 LVMH Moet Hennessy Louis Vuitton SA..................... 7,346 1,181,415 Plastic Omnium SA....................................... 1,842 52,883 Publicis Groupe SA...................................... 6,258 467,581 Safran SA............................................... 6,536 435,296 Schneider Electric SE................................... 1,775 133,430 SEB SA.................................................. 146 9,991 SES SA.................................................. 18,057 657,785 Societe BIC SA.......................................... 908 129,104 # Sodexo SA............................................... 3,109 308,458 Technip SA.............................................. 1,864 108,851 Thales SA............................................... 7,486 394,229 Valeo SA................................................ 4,634 653,402 Vinci SA................................................ 10,247 538,318 Zodiac Aerospace........................................ 6,569 217,863 ----------- TOTAL FRANCE................................................ 15,707,611 ----------- GERMANY -- (7.9%) BASF SE................................................. 22,149 1,980,954 Bayer AG................................................ 29,547 4,255,693 Brenntag AG............................................. 6,626 360,687 Continental AG.......................................... 3,801 857,683 Deutsche Boerse AG...................................... 7,130 546,735 Deutsche Post AG........................................ 31,819 1,029,761 Fielmann AG............................................. 1,071 72,798 Fresenius SE & Co. KGaA................................. 11,153 638,361 Fuchs Petrolub SE....................................... 1,057 39,918 Henkel AG & Co. KGaA.................................... 675 69,068 Hugo Boss AG............................................ 2,987 385,651 MAN SE.................................................. 137 14,606 Merck KGaA.............................................. 2,380 237,801 MTU Aero Engines AG..................................... 2,036 186,267 RWE AG.................................................. 28,425 788,493 SAP SE.................................................. 10,974 716,248 SAP SE Sponsored ADR.................................... 887 57,974 Symrise AG.............................................. 2,728 178,555 #* ThyssenKrupp AG......................................... 33,032 858,127 1693 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) United Internet AG................................. 10,255 $ 444,249 # Wacker Chemie AG................................... 617 66,065 ----------- TOTAL GERMANY.......................................... 13,785,694 ----------- HONG KONG -- (2.8%) ASM Pacific Technology, Ltd........................ 4,400 39,748 # Chow Tai Fook Jewellery Group, Ltd................. 84,800 112,207 Galaxy Entertainment Group, Ltd.................... 102,000 532,113 Hang Seng Bank, Ltd................................ 17,800 311,300 Hong Kong & China Gas Co., Ltd..................... 96,000 220,083 Hong Kong Exchanges and Clearing, Ltd.............. 32,007 736,646 L'Occitane International SA........................ 40,750 102,835 # Melco Crown Entertainment, Ltd..................... 20,400 163,627 Melco Crown Entertainment, Ltd. ADR................ 5,836 140,064 MGM China Holdings, Ltd............................ 87,600 213,086 PCCW, Ltd.......................................... 359,976 237,870 # Prada SpA.......................................... 25,700 150,726 Samsonite International SA......................... 84,300 255,840 Sands China, Ltd................................... 95,200 462,249 SJM Holdings, Ltd.................................. 214,000 312,535 Techtronic Industries Co., Ltd..................... 93,000 303,716 Television Broadcasts, Ltd......................... 3,500 21,748 # VTech Holdings, Ltd................................ 5,900 82,901 # Wynn Macau, Ltd.................................... 133,200 367,999 # Xinyi Solar Holdings, Ltd.......................... 22,000 6,071 ----------- TOTAL HONG KONG........................................ 4,773,364 ----------- ISRAEL -- (0.6%) Bezeq The Israeli Telecommunication Corp., Ltd..... 254,090 405,221 Delek Group, Ltd................................... 101 24,705 Elbit Systems, Ltd................................. 535 32,895 Frutarom Industries, Ltd........................... 1,253 39,262 Israel Chemicals, Ltd.............................. 8,982 64,543 Teva Pharmaceutical Industries, Ltd................ 8,246 468,319 ----------- TOTAL ISRAEL........................................... 1,034,945 ----------- ITALY -- (2.3%) Assicurazioni Generali SpA......................... 20,834 439,714 Atlantia SpA....................................... 29,690 764,179 CNH Industrial NV.................................. 58,264 443,550 Enel Green Power SpA............................... 68,777 135,958 Eni SpA............................................ 44,258 744,799 Eni SpA Sponsored ADR.............................. 3,010 102,039 * Finmeccanica SpA................................... 2,485 27,140 GTECH SpA.......................................... 1,461 28,716 Luxottica Group SpA................................ 4,550 270,552 * Mediaset SpA....................................... 46,113 209,403 Mediolanum SpA..................................... 13,251 94,228 Parmalat SpA....................................... 7,100 20,105 Pirelli & C. SpA................................... 15,655 221,970 Prysmian SpA....................................... 5,038 93,196 #* Saipem SpA......................................... 12,997 116,930 1694 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) Salvatore Ferragamo SpA............................ 3,142 $ 90,957 * Telecom Italia SpA................................. 139,748 162,382 # Tod's SpA.......................................... 17 1,747 ---------- TOTAL ITALY 3,967,565 ---------- JAPAN -- (19.0%) ABC-Mart, Inc...................................... 900 44,895 Air Water, Inc..................................... 10,000 172,063 Alps Electric Co., Ltd............................. 12,600 262,302 Asahi Group Holdings, Ltd.......................... 5,300 173,876 Asics Corp......................................... 4,600 112,881 Bandai Namco Holdings, Inc......................... 11,400 230,818 Benesse Holdings, Inc.............................. 4,400 131,576 Bridgestone Corp................................... 17,700 707,422 Brother Industries, Ltd............................ 16,400 280,863 Calbee, Inc........................................ 3,400 132,770 Canon, Inc......................................... 18,600 588,419 # Casio Computer Co., Ltd............................ 3,000 46,964 # COLOPL, Inc........................................ 3,900 89,130 Cosmos Pharmaceutical Corp......................... 800 128,907 Daicel Corp........................................ 10,200 126,818 # Daihatsu Motor Co., Ltd............................ 3,000 41,833 Daiichikosho Co., Ltd.............................. 500 14,480 Daikin Industries, Ltd............................. 4,700 327,054 Daito Trust Construction Co., Ltd.................. 5,300 589,968 Daiwa House Industry Co., Ltd...................... 4,000 73,662 # Dena Co., Ltd...................................... 6,400 84,158 DIC Corp........................................... 21,000 51,992 Disco Corp......................................... 700 64,129 Don Quijote Holdings Co., Ltd...................... 1,000 72,808 Dowa Holdings Co., Ltd............................. 16,000 127,755 Ebara Corp......................................... 11,000 42,310 # FamilyMart Co., Ltd................................ 4,700 203,575 FANUC Corp......................................... 1,800 302,291 Fast Retailing Co., Ltd............................ 1,200 445,171 Fuji Electric Co., Ltd............................. 28,000 119,734 Fuji Heavy Industries, Ltd......................... 17,500 631,178 Fujitsu, Ltd....................................... 69,000 364,629 GS Yuasa Corp...................................... 13,000 58,668 #* GungHo Online Entertainment, Inc................... 25,000 85,813 Haseko Corp........................................ 12,700 103,188 Heiwa Corp......................................... 2,100 42,241 Hikari Tsushin, Inc................................ 200 11,492 Hino Motors, Ltd................................... 18,800 266,179 Hitachi High-Technologies Corp..................... 2,100 65,236 Hitachi Metals, Ltd................................ 14,000 228,134 Hitachi, Ltd....................................... 123,000 928,907 Honda Motor Co., Ltd............................... 2,900 87,507 Hoshizaki Electric Co., Ltd........................ 300 15,209 Hoya Corp.......................................... 13,300 515,409 IHI Corp........................................... 59,000 307,394 Isuzu Motors, Ltd.................................. 35,500 472,594 # Ito En, Ltd........................................ 4,000 76,841 1695 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Izumi Co., Ltd..................................... 2,900 $ 104,008 Japan Aviation Electronics Industry, Ltd........... 5,000 113,005 Japan Exchange Group, Inc.......................... 9,800 228,050 Japan Tobacco, Inc................................. 19,700 536,562 JGC Corp........................................... 6,000 122,027 JTEKT Corp......................................... 13,800 227,592 # Kakaku.com, Inc.................................... 11,500 162,681 Kaken Pharmaceutical Co., Ltd...................... 3,000 63,836 Kao Corp........................................... 8,400 368,324 Kawasaki Heavy Industries, Ltd..................... 57,000 273,094 KDDI Corp.......................................... 21,100 1,489,426 # Keihan Electric Railway Co., Ltd................... 19,000 115,352 Kewpie Corp........................................ 1,400 32,505 Koito Manufacturing Co., Ltd....................... 7,300 237,362 Komatsu, Ltd....................................... 15,800 309,829 Kubota Corp........................................ 20,000 296,908 Lawson, Inc........................................ 4,700 307,292 M3, Inc............................................ 14,600 293,690 # Mazda Motor Corp................................... 20,000 410,809 MEIJI Holdings Co., Ltd............................ 1,300 142,840 Minebea Co., Ltd................................... 23,000 354,848 Miraca Holdings, Inc............................... 4,000 179,147 MISUMI Group, Inc.................................. 1,900 70,971 Mitsubishi Electric Corp........................... 54,000 624,549 Mitsubishi Heavy Industries, Ltd................... 22,000 121,431 Mitsubishi Motors Corp............................. 42,900 362,685 # MonotaRO Co., Ltd.................................. 400 10,147 Murata Manufacturing Co., Ltd...................... 2,000 215,909 Nabtesco Corp...................................... 1,700 43,888 Nachi-Fujikoshi Corp............................... 4,000 21,509 NEC Corp........................................... 131,000 370,030 Nexon Co., Ltd..................................... 1,500 14,765 NGK Insulators, Ltd................................ 9,000 181,361 NGK Spark Plug Co., Ltd............................ 3,300 97,828 # Nidec Corp......................................... 2,200 149,705 Nifco, Inc......................................... 2,400 82,673 Nihon Kohden Corp.................................. 800 39,572 Nissan Chemical Industries, Ltd.................... 2,700 49,710 Nissan Shatai Co., Ltd............................. 2,000 21,979 Nitori Holdings Co., Ltd........................... 2,700 152,657 Nitto Denko Corp................................... 5,600 334,311 Nomura Research Institute, Ltd..................... 1,900 64,512 NSK, Ltd........................................... 31,000 363,276 NTT Data Corp...................................... 3,200 121,721 NTT DOCOMO, Inc.................................... 5,300 89,471 Oki Electric Industry Co., Ltd..................... 29,000 59,235 * Olympus Corp....................................... 5,100 176,379 Omron Corp......................................... 3,600 143,923 Oracle Corp. Japan................................. 1,800 74,835 Oriental Land Co., Ltd............................. 1,000 242,291 Otsuka Corp........................................ 1,500 51,792 Panasonic Corp..................................... 80,000 908,790 Park24 Co., Ltd.................................... 7,400 126,618 1696 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Pigeon Corp........................................ 2,500 $ 156,096 #* Rakuten, Inc....................................... 13,000 179,976 # Resorttrust, Inc................................... 1,900 45,505 Rohto Pharmaceutical Co., Ltd...................... 1,000 13,431 Ryohin Keikaku Co., Ltd............................ 1,100 121,855 # Sanrio Co., Ltd.................................... 3,900 96,636 Sanwa Holdings Corp................................ 14,700 101,653 Sawai Pharmaceutical Co., Ltd...................... 800 48,412 SCSK Corp.......................................... 1,100 27,391 Secom Co., Ltd..................................... 3,600 208,966 Seiko Epson Corp................................... 10,300 418,313 Sekisui Chemical Co., Ltd.......................... 4,000 43,747 Seven & I Holdings Co., Ltd........................ 20,900 764,816 # Seven Bank, Ltd.................................... 26,000 116,370 #* Sharp Corp......................................... 152,000 297,542 Shimamura Co., Ltd................................. 300 26,685 Shimano, Inc....................................... 800 105,755 # Shiseido Co., Ltd.................................. 13,500 216,523 Showa Shell Sekiyu K.K............................. 1,400 13,663 Softbank Corp...................................... 28,800 1,694,928 Stanley Electric Co., Ltd.......................... 5,500 122,414 Start Today Co., Ltd............................... 2,900 58,618 Sugi Holdings Co., Ltd............................. 600 28,172 #* Sumco Corp......................................... 2,500 41,957 Sumitomo Realty & Development Co., Ltd............. 3,000 95,691 Sumitomo Rubber Industries, Ltd.................... 1,500 23,326 Sundrug Co., Ltd................................... 900 38,202 Suruga Bank, Ltd................................... 6,600 123,920 Suzuki Motor Corp.................................. 1,200 37,944 Sysmex Corp........................................ 6,600 294,935 Taiheiyo Cement Corp............................... 111,000 325,714 Taiyo Nippon Sanso Corp............................ 7,000 83,866 # Takata Corp........................................ 1,500 17,495 Terumo Corp........................................ 11,000 272,788 Topcon Corp........................................ 3,300 65,391 Toray Industries, Inc.............................. 26,000 221,470 Toshiba Corp....................................... 151,000 603,786 TOTO, Ltd.......................................... 18,000 198,708 Toyo Tire & Rubber Co., Ltd........................ 2,300 51,804 # Toyota Motor Corp. Sponsored ADR................... 21,455 2,764,477 * Trend Micro, Inc................................... 3,800 107,316 Tsuruha Holdings, Inc.............................. 1,600 107,514 Unicharm Corp...................................... 3,900 107,459 United Arrows, Ltd................................. 400 11,369 USS Co., Ltd....................................... 9,300 145,903 # Wacom Co., Ltd..................................... 2,700 11,408 # Yahoo Japan Corp................................... 25,700 86,432 Yamaha Motor Co., Ltd.............................. 13,200 289,508 # Yaskawa Electric Corp.............................. 8,100 103,550 Yokohama Rubber Co., Ltd. (The).................... 2,000 18,816 1697 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Zeon Corp.......................................... 3,000 $ 30,635 ----------- TOTAL JAPAN............................................ 32,997,804 ----------- NETHERLANDS -- (2.6%) ASML Holding NV.................................... 712 74,268 Boskalis Westminster NV............................ 141 6,233 Heineken NV........................................ 5,005 373,514 Koninklijke Ahold NV............................... 31,637 571,001 Koninklijke KPN NV................................. 33,578 103,635 Reed Elsevier NV................................... 46,056 1,126,002 Unilever NV(B12T3J1)............................... 10,614 460,272 Unilever NV(904784709)............................. 32,903 1,427,003 Wolters Kluwer NV.................................. 11,695 349,363 ----------- TOTAL NETHERLANDS...................................... 4,491,291 ----------- NORWAY -- (0.7%) #* DNO ASA............................................ 29,408 64,794 Gjensidige Forsikring ASA.......................... 7,461 125,781 Kongsberg Gruppen ASA.............................. 1,492 25,232 Leroey Seafood Group ASA........................... 1,434 50,278 Marine Harvest ASA................................. 13,015 170,256 Salmar ASA......................................... 2,108 32,543 Schibsted ASA...................................... 1,586 102,167 Telenor ASA........................................ 24,849 533,825 # TGS Nopec Geophysical Co. ASA...................... 6,708 155,596 ----------- TOTAL NORWAY........................................... 1,260,472 ----------- SINGAPORE -- (1.4%) First Resources, Ltd............................... 45,000 61,809 Great Eastern Holdings, Ltd........................ 2,700 48,256 Jardine Cycle & Carriage, Ltd...................... 4,000 124,848 Keppel Corp., Ltd.................................. 23,000 147,719 M1, Ltd............................................ 23,000 63,595 Oversea-Chinese Banking Corp., Ltd................. 46,000 352,827 Petra Foods, Ltd................................... 18,000 53,067 Raffles Medical Group, Ltd......................... 5,000 14,657 SembCorp Industries, Ltd........................... 87,000 276,655 # SembCorp Marine, Ltd............................... 67,000 148,264 Singapore Exchange, Ltd............................ 49,000 281,109 Singapore Post, Ltd................................ 92,000 145,441 Singapore Technologies Engineering, Ltd............ 92,000 228,207 Singapore Telecommunications, Ltd.................. 138,000 415,583 StarHub, Ltd....................................... 37,000 114,199 ----------- TOTAL SINGAPORE........................................ 2,476,236 ----------- SPAIN -- (2.8%) Abertis Infraestructuras SA........................ 40,603 795,117 ACS Actividades de Construccion y Servicios SA..... 9,016 313,567 Amadeus IT Holding SA Class A...................... 10,561 423,541 Distribuidora Internacional de Alimentacion SA..... 27,625 178,848 Enagas SA.......................................... 4,869 154,189 Inditex SA......................................... 13,682 403,257 1698 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) * Mediaset Espana Comunicacion SA.................... 3,012 $ 36,668 Red Electrica Corp. SA............................. 5,183 441,582 Telefonica SA...................................... 140,578 2,108,023 Zardoya Otis SA.................................... 3,390 38,608 ----------- TOTAL SPAIN............................................ 4,893,400 ----------- SWEDEN -- (2.8%) Alfa Laval AB...................................... 9,310 172,935 Atlas Copco AB Class A............................. 12,695 375,882 Atlas Copco AB Class B............................. 7,378 201,797 Axfood AB.......................................... 1,103 66,942 Electrolux AB Series B............................. 20,630 634,960 # Elekta AB Class B.................................. 4,119 44,153 Getinge AB Class B................................. 6,441 158,755 Hennes & Mauritz AB Class B........................ 26,945 1,108,429 Hexpol AB.......................................... 550 55,179 * Lundin Petroleum AB................................ 13,053 169,337 Millicom International Cellular SA................. 2,460 156,876 NCC AB Class B..................................... 4,870 157,468 Sandvik AB......................................... 64,000 671,782 Securitas AB Class B............................... 18,796 229,103 SKF AB Class B..................................... 12,762 300,824 Volvo AB Class A................................... 5,105 60,109 Volvo AB Class B................................... 26,317 308,099 ----------- TOTAL SWEDEN........................................... 4,872,630 ----------- SWITZERLAND -- (6.1%) Actelion, Ltd...................................... 5,459 603,004 EMS-Chemie Holding AG.............................. 240 92,713 Galenica AG........................................ 18 14,464 Geberit AG......................................... 2,657 907,749 Givaudan SA........................................ 379 690,851 Kuehne + Nagel International AG.................... 3,634 500,235 Nestle SA.......................................... 2,173 165,954 Partners Group Holding AG.......................... 1,463 391,528 Roche Holding AG(7108918).......................... 863 236,740 Roche Holding AG(7110388).......................... 17,542 4,727,874 Schindler Holding AG............................... 866 126,103 SGS SA............................................. 386 732,201 Sika AG............................................ 108 370,926 Swisscom AG........................................ 1,641 962,148 Syngenta AG........................................ 63 20,521 ----------- TOTAL SWITZERLAND...................................... 10,543,011 ----------- UNITED KINGDOM -- (18.5%) Aberdeen Asset Management P.L.C.................... 33,477 219,754 Admiral Group P.L.C................................ 7,295 158,699 Aggreko P.L.C...................................... 15,231 355,218 Ashtead Group P.L.C................................ 28,960 471,252 AstraZeneca P.L.C. Sponsored ADR................... 34,444 2,446,902 Babcock International Group P.L.C.................. 3,655 55,269 BAE Systems P.L.C.................................. 282,537 2,150,845 1699 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) BHP Billiton P.L.C................................. 3,093 $ 67,182 British American Tobacco P.L.C. Sponsored ADR...... 25,455 2,867,506 Bunzl P.L.C........................................ 6,225 177,331 Burberry Group P.L.C............................... 13,850 359,815 Capita P.L.C....................................... 34,346 576,791 Centrica P.L.C..................................... 315,376 1,391,762 Cobham P.L.C....................................... 40,128 196,703 Compass Group P.L.C................................ 40,971 706,379 Croda International P.L.C.......................... 4,941 197,326 Daily Mail & General Trust P.L.C................... 1,645 21,311 Diageo P.L.C. Sponsored ADR........................ 6,268 740,439 easyJet P.L.C...................................... 4,846 135,120 Experian P.L.C..................................... 45,906 808,912 G4S P.L.C.......................................... 79,730 341,652 GKN P.L.C.......................................... 103,608 572,209 GlaxoSmithKline P.L.C. Sponsored ADR............... 72,599 3,194,356 Hargreaves Lansdown P.L.C.......................... 14,899 225,848 Hikma Pharmaceuticals P.L.C........................ 2,711 96,062 IMI P.L.C.......................................... 9,891 189,397 Imperial Tobacco Group P.L.C....................... 26,120 1,226,830 Informa P.L.C...................................... 2,667 20,506 Inmarsat P.L.C..................................... 15,498 194,194 * International Consolidated Airlines Group SA....... 64,910 528,769 Intertek Group P.L.C............................... 5,169 178,026 ITV P.L.C.......................................... 220,221 728,826 Johnson Matthey P.L.C.............................. 7,304 357,317 * Liberty Global P.L.C. Class A...................... 866 40,450 * Liberty Global P.L.C. Series C..................... 2,136 97,381 London Stock Exchange Group P.L.C.................. 7,368 261,597 Marks & Spencer Group P.L.C........................ 59,498 432,499 Mondi P.L.C........................................ 13,361 238,345 Next P.L.C......................................... 9,735 1,057,884 Reckitt Benckiser Group P.L.C...................... 10,321 873,516 Reed Elsevier P.L.C................................ 72,330 1,255,722 Rexam P.L.C........................................ 21,492 137,340 Rio Tinto P.L.C.................................... 8,920 391,971 # Rio Tinto P.L.C. Sponsored ADR..................... 9,713 428,635 Sage Group P.L.C. (The)............................ 38,892 280,367 Shire P.L.C........................................ 5,935 433,183 Sky P.L.C.......................................... 65,678 915,891 Smith & Nephew P.L.C............................... 6,672 118,981 Smiths Group P.L.C................................. 18,124 306,731 * Sports Direct International P.L.C.................. 6,321 67,413 SSE P.L.C.......................................... 29,762 720,200 St James's Place P.L.C............................. 17,977 231,289 Tate & Lyle P.L.C.................................. 10,279 104,835 * TUI AG............................................. 5,987 103,522 Unilever P.L.C. Sponsored ADR...................... 25,618 1,126,423 Weir Group P.L.C. (The)............................ 6,514 164,230 1700 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Whitbread P.L.C................................... 6,088 $ 456,970 ------------ TOTAL UNITED KINGDOM.................................... 32,203,883 ------------ TOTAL COMMON STOCKS..................................... 160,883,770 ------------ RIGHTS/WARRANTS -- (0.0%) SPAIN -- (0.0%) * ACS Actividades de Construccion y Servicios SA.... 9,016 4,585 ------------ SECURITIES LENDING COLLATERAL -- (7.4%) (S)@ DFA Short Term Investment Fund.................... 1,109,222 12,833,699 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $174,679,081)^^..... $173,722,054 ============ 1701 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia..................... $ 1,093,388 $ 9,488,204 -- $ 10,581,592 Austria....................... -- 192,753 -- 192,753 Canada........................ 15,929,074 -- -- 15,929,074 Finland....................... -- 1,172,445 -- 1,172,445 France........................ -- 15,707,611 -- 15,707,611 Germany....................... 57,974 13,727,720 -- 13,785,694 Hong Kong..................... 140,064 4,633,300 -- 4,773,364 Israel........................ -- 1,034,945 -- 1,034,945 Italy......................... 102,039 3,865,526 -- 3,967,565 Japan......................... 2,764,477 30,233,327 -- 32,997,804 Netherlands................... 1,427,003 3,064,288 -- 4,491,291 Norway........................ -- 1,260,472 -- 1,260,472 Singapore..................... -- 2,476,236 -- 2,476,236 Spain......................... -- 4,893,400 -- 4,893,400 Sweden........................ -- 4,872,630 -- 4,872,630 Switzerland................... -- 10,543,011 -- 10,543,011 United Kingdom................ 11,045,614 21,158,269 -- 32,203,883 Rights/Warrants Spain......................... -- 4,585 -- 4,585 Securities Lending Collateral.... -- 12,833,699 -- 12,833,699 ----------- ------------ -- ------------ TOTAL............................ $32,559,633 $141,162,421 -- $173,722,054 =========== ============ == ============ 1702 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------ -------- COMMON STOCKS -- (87.8%) AUSTRALIA -- (5.4%) # Acrux, Ltd......................................... 11,401 $ 13,488 Adelaide Brighton, Ltd............................. 60,109 166,582 Ainsworth Game Technology, Ltd..................... 6,491 14,788 # Amcom Telecommunications, Ltd...................... 14,775 32,732 Ansell, Ltd........................................ 1,614 28,330 # ARB Corp., Ltd..................................... 6,064 54,345 Aristocrat Leisure, Ltd............................ 41,954 227,280 Automotive Holdings Group, Ltd..................... 19,987 58,452 # Blackmores, Ltd.................................... 920 28,881 # Breville Group, Ltd................................ 8,325 46,698 BT Investment Management, Ltd...................... 7,248 40,525 # Cabcharge Australia, Ltd........................... 12,275 41,286 # carsales.com, Ltd.................................. 24,967 198,807 # Cash Converters International, Ltd................. 8,625 7,409 Cedar Woods Properties, Ltd........................ 4,365 19,704 # Corporate Travel Management, Ltd................... 4,847 36,690 Domino's Pizza Enterprises, Ltd.................... 8,362 169,053 DuluxGroup, Ltd.................................... 45,270 209,697 Fleetwood Corp., Ltd............................... 1,564 1,776 # GUD Holdings, Ltd.................................. 5,809 35,331 # GWA Group, Ltd..................................... 24,576 50,326 # iiNET, Ltd......................................... 17,716 102,819 # Infomedia, Ltd..................................... 23,777 16,925 Invocare, Ltd...................................... 10,858 109,579 # IOOF Holdings, Ltd................................. 31,074 226,746 # Iress, Ltd......................................... 15,832 126,657 # JB Hi-Fi, Ltd...................................... 11,250 145,829 # M2 Group, Ltd...................................... 16,791 116,957 # Magellan Financial Group, Ltd...................... 12,138 178,809 * Mayne Pharma Group, Ltd............................ 45,652 22,128 McMillan Shakespeare, Ltd.......................... 4,838 42,990 # Mineral Resources, Ltd............................. 15,952 82,630 # Monadelphous Group, Ltd............................ 8,935 56,283 Mortgage Choice, Ltd............................... 3,804 7,107 Navitas, Ltd....................................... 23,241 96,030 # NIB Holdings, Ltd.................................. 47,994 123,228 Northern Star Resources, Ltd....................... 52,552 76,031 OzForex Group, Ltd................................. 23,002 45,268 # Perpetual, Ltd..................................... 5,726 217,253 Prime Media Group, Ltd............................. 1,965 1,230 # Reckon, Ltd........................................ 656 974 #* Regis Resources, Ltd............................... 25,978 39,106 # Reject Shop, Ltd. (The)............................ 1,182 5,340 SAI Global, Ltd.................................... 18,141 55,134 Sandfire Resources NL.............................. 7,522 24,815 Servcorp, Ltd...................................... 2,630 10,380 Sirtex Medical, Ltd................................ 6,443 134,336 Slater & Gordon, Ltd............................... 21,176 108,678 # Super Retail Group, Ltd............................ 16,174 109,159 Tabcorp Holdings, Ltd.............................. 81,545 288,224 Technology One, Ltd................................ 25,887 66,489 1703 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRALIA -- (Continued) * Tiger Resources, Ltd............................... 59,872 $ 2,257 Tox Free Solutions, Ltd............................ 8,865 20,027 # Village Roadshow, Ltd.............................. 7,745 36,536 Virtus Health, Ltd................................. 4,504 28,002 # Vocus Communications, Ltd.......................... 7,125 34,291 # Western Areas, Ltd................................. 20,442 63,327 ---------- TOTAL AUSTRALIA........................................ 4,303,754 ---------- AUSTRIA -- (0.7%) DO & CO AG......................................... 484 36,393 Mayr Melnhof Karton AG............................. 976 100,733 Oesterreichische Post AG........................... 3,861 191,385 RHI AG............................................. 1,810 47,477 Rosenbauer International AG........................ 176 13,374 Semperit AG Holding................................ 955 42,171 Zumtobel Group AG.................................. 3,571 81,939 ---------- TOTAL AUSTRIA.......................................... 513,472 ---------- BELGIUM -- (0.9%) Cie d'Entreprises CFE.............................. 744 70,844 Econocom Group..................................... 3,958 32,407 # EVS Broadcast Equipment SA......................... 1,049 35,376 # Fagron............................................. 3,527 144,001 Kinepolis Group NV................................. 1,857 81,526 Lotus Bakeries..................................... 12 14,401 Melexis NV......................................... 2,194 109,819 * Mobistar SA........................................ 3,805 84,556 * Tessenderlo Chemie NV.............................. 3,800 98,354 Van de Velde NV.................................... 356 19,365 ---------- TOTAL BELGIUM.......................................... 690,649 ---------- CANADA -- (7.1%) # AG Growth International, Inc....................... 1,230 52,367 AGT Food & Ingredient, Inc......................... 500 11,037 AirBoss of America Corp............................ 1,900 20,888 Algonquin Power & Utilities Corp................... 3,700 29,467 Altus Group, Ltd................................... 3,277 48,457 #* Avigilon Corp...................................... 4,303 65,525 # Badger Daylighting, Ltd............................ 4,038 71,818 * Birchcliff Energy, Ltd............................. 5,300 28,362 # Bird Construction, Inc............................. 2,100 18,361 # Black Diamond Group, Ltd........................... 3,937 31,324 # BMTC Group, Inc. Class A........................... 100 1,287 # Bonterra Energy Corp............................... 2,473 77,360 # Canadian Energy Services & Technology Corp......... 17,151 72,480 # Canexus Corp....................................... 5,800 10,818 Canfor Pulp Products, Inc.......................... 2,672 33,119 CCL Industries, Inc. Class B....................... 1,100 113,705 # Cineplex, Inc...................................... 7,209 256,374 # Cogeco Cable, Inc.................................. 1,403 80,600 Cogeco, Inc........................................ 500 23,412 Computer Modelling Group, Ltd...................... 6,200 53,574 1704 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) DH Corp............................................ 8,443 $235,809 # DirectCash Payments, Inc........................... 200 2,854 # EnerCare, Inc...................................... 3,700 41,609 Enghouse Systems, Ltd.............................. 1,507 48,020 Equitable Group, Inc............................... 200 8,720 FirstService Corp.................................. 3,292 173,188 * Fortuna Silver Mines, Inc.......................... 10,400 50,416 # Gamehost, Inc...................................... 100 1,015 Gluskin Sheff + Associates, Inc.................... 2,647 55,161 * Great Canadian Gaming Corp......................... 4,600 71,496 High Liner Foods, Inc.............................. 600 10,648 # Horizon North Logistics, Inc....................... 7,940 13,497 * Imax Corp.......................................... 6,684 222,778 #* Imperial Metals Corp............................... 3,438 24,215 # Innergex Renewable Energy, Inc..................... 6,100 57,222 * Interfor Corp...................................... 6,100 106,571 Intertape Polymer Group, Inc....................... 5,346 78,884 K-Bro Linen, Inc................................... 300 11,368 Leon's Furniture, Ltd.............................. 932 14,046 Lucara Diamond Corp................................ 15,900 26,277 MacDonald Dettwiler & Associates, Ltd.............. 2,494 183,198 # Manitoba Telecom Services, Inc..................... 1,515 30,581 Martinrea International, Inc....................... 7,385 54,805 Medical Facilities Corp............................ 1,747 26,933 Morneau Shepell, Inc............................... 2,300 30,988 # MTY Food Group, Inc................................ 800 21,985 # Mullen Group, Ltd.................................. 9,454 151,701 North West Co., Inc. (The)......................... 5,293 110,634 # Northland Power, Inc............................... 10,300 138,609 * Parex Resources, Inc............................... 10,932 59,190 # Parkland Fuel Corp................................. 8,377 144,308 Pason Systems, Inc................................. 8,002 112,785 * Performance Sports Group, Ltd...................... 884 16,474 PHX Energy Services Corp........................... 1,117 5,476 # Premium Brands Holdings Corp....................... 1,500 28,909 Richelieu Hardware, Ltd............................ 1,800 83,916 # Ritchie Bros Auctioneers, Inc...................... 9,291 232,878 * RMP Energy, Inc.................................... 14,000 47,706 * Rock Energy, Inc................................... 2,811 5,199 # Rogers Sugar, Inc.................................. 5,200 18,701 Russel Metals, Inc................................. 5,800 106,899 * Sandvine Corp...................................... 14,532 37,053 Secure Energy Services, Inc........................ 9,651 112,027 ShawCor, Ltd....................................... 4,717 129,553 Stantec, Inc....................................... 5,400 132,801 Stella-Jones, Inc.................................. 3,700 105,639 # Student Transportation, Inc........................ 4,855 26,974 * SunOpta, Inc....................................... 2,000 20,965 # Superior Plus Corp................................. 13,538 129,978 Toromont Industries, Ltd........................... 8,153 177,214 Total Energy Services, Inc......................... 1,161 11,923 TransForce, Inc.................................... 9,493 215,455 # Trilogy Energy Corp................................ 4,992 25,535 1705 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Vicwest, Inc....................................... 400 $ 3,938 # Wajax Corp......................................... 1,408 26,870 Western Forest Products, Inc....................... 31,828 64,623 WesternOne, Inc.................................... 984 2,037 Westshore Terminals Investment Corp................ 6,441 162,203 # Whitecap Resources, Inc............................ 17,351 169,455 Winpak, Ltd........................................ 2,800 83,293 ---------- TOTAL CANADA........................................... 5,603,540 ---------- DENMARK -- (1.5%) # Ambu A.S. Class B.................................. 1,836 39,000 * Auriga Industries A.S. Class B..................... 1,578 74,671 GN Store Nord A.S.................................. 19,154 429,393 IC Companys A.S.................................... 105 2,251 * Royal UNIBREW A.S.................................. 1,003 170,973 SimCorp A.S........................................ 4,343 126,218 * Topdanmark A.S..................................... 10,580 354,033 ---------- TOTAL DENMARK.......................................... 1,196,539 ---------- FINLAND -- (2.0%) Caverion Corp...................................... 1,923 17,974 Elektrobit Oyj..................................... 4,353 20,144 Elisa Oyj.......................................... 13,157 349,975 F-Secure Oyj....................................... 5,196 13,433 Huhtamaki Oyj...................................... 6,185 169,563 Konecranes Oyj..................................... 3,551 108,182 Lassila & Tikanoja Oyj............................. 2,697 54,019 Olvi Oyj Class A................................... 1,139 30,949 Orion Oyj Class A.................................. 2,936 96,616 Orion Oyj Class B.................................. 9,907 326,630 # Outotec Oyj........................................ 15,384 89,084 Ramirent Oyj....................................... 5,723 47,253 Tieto Oyj.......................................... 4,689 115,229 Tikkurila Oyj...................................... 3,476 62,720 Uponor Oyj......................................... 4,999 76,179 ---------- TOTAL FINLAND.......................................... 1,577,950 ---------- FRANCE -- (4.0%) Akka Technologies SA............................... 302 10,945 Albioma SA......................................... 566 10,518 Alten SA........................................... 2,425 101,569 Altran Technologies SA............................. 12,926 114,402 Assystem........................................... 239 4,672 BioMerieux......................................... 1,292 141,145 Boiron SA.......................................... 704 72,004 Burelle SA......................................... 13 9,674 Eurofins Scientific SE............................. 1,101 282,853 Faurecia........................................... 7,509 301,609 Groupe Crit........................................ 163 7,152 # Ingenico........................................... 4,052 423,607 Ipsen SA........................................... 3,952 201,135 Lectra............................................. 904 10,169 1706 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) LISI............................................... 1,265 $ 31,416 Metropole Television SA............................ 5,668 103,631 Montupet........................................... 671 53,249 Neopost SA......................................... 3,983 206,657 NextRadioTV........................................ 543 15,686 Norbert Dentressangle SA........................... 234 34,524 Plastic Omnium SA.................................. 6,978 200,336 Sartorius Stedim Biotech........................... 337 65,600 SEB SA............................................. 2,236 153,015 Societe d'Edition de Canal +....................... 3,505 23,610 Sopra Steria Group................................. 1,315 102,398 Stallergenes SA.................................... 98 5,832 Synergie SA........................................ 1,429 31,181 * Technicolor SA..................................... 34,077 203,566 Teleperformance.................................... 2,128 152,462 Thermador Groupe................................... 49 3,932 Vilmorin & Cie SA.................................. 370 32,554 Virbac SA.......................................... 442 98,111 ---------- TOTAL FRANCE........................................... 3,209,214 ---------- GERMANY -- (5.0%) Amadeus Fire AG.................................... 499 37,122 Bertrandt AG....................................... 402 52,838 CANCOM SE.......................................... 839 35,886 Carl Zeiss Meditec AG.............................. 280 7,386 Cewe Stiftung & Co. KGAA........................... 382 22,392 CompuGroup Medical AG.............................. 1,848 47,800 CTS Eventim AG & Co. KGaA.......................... 4,848 138,665 # Delticom AG........................................ 277 5,333 * Dialog Semiconductor P.L.C......................... 8,167 312,346 Drillisch AG....................................... 4,752 184,101 Duerr AG........................................... 3,063 278,767 ElringKlinger AG................................... 3,628 126,411 Fielmann AG........................................ 2,096 142,470 Freenet AG......................................... 9,848 293,228 Gerresheimer AG.................................... 3,697 201,557 Gerry Weber International AG....................... 2,521 97,130 GFT Technologies AG................................ 792 12,163 Hamburger Hafen und Logistik AG.................... 2,185 44,891 Krones AG.......................................... 1,723 163,122 # KUKA AG............................................ 3,204 216,600 KWS Saat AG........................................ 132 40,337 # LPKF Laser & Electronics AG........................ 1,773 19,556 MTU Aero Engines AG................................ 5,026 459,812 Nemetschek AG...................................... 356 37,159 * Nordex SE.......................................... 6,737 130,026 Norma Group SE..................................... 3,608 178,915 Pfeiffer Vacuum Technology AG...................... 1,009 90,610 Rational AG........................................ 399 131,317 Schaltbau Holding AG............................... 371 19,065 SHW AG............................................. 431 21,269 Stada Arzneimittel AG.............................. 4,810 149,140 STRATEC Biomedical AG.............................. 185 9,968 1707 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Stroeer Media SE................................... 1,951 $ 56,787 Takkt AG........................................... 2,722 46,347 Wincor Nixdorf AG.................................. 3,345 153,292 XING AG............................................ 120 14,652 ---------- TOTAL GERMANY.......................................... 3,978,460 ---------- HONG KONG -- (3.2%) APT Satellite Holdings, Ltd........................ 20,000 27,202 Asia Satellite Telecommunications Holdings, Ltd.... 500 1,738 Bonjour Holdings, Ltd.............................. 77,000 6,954 * Brightoil Petroleum Holdings, Ltd.................. 176,000 42,751 Cafe de Coral Holdings, Ltd........................ 42,000 154,605 # China Electronics Corp. Holdings Co., Ltd.......... 108,000 24,883 Chow Sang Sang Holdings International, Ltd......... 30,000 79,509 CITIC Telecom International Holdings, Ltd.......... 148,000 45,740 Emperor Entertainment Hotel, Ltd................... 45,000 10,612 Future Bright Holdings, Ltd........................ 30,000 7,787 * GCL New Energy Holdings, Ltd....................... 332,000 38,818 Giordano International, Ltd........................ 106,000 50,156 Hong Kong Aircraft Engineering Co., Ltd............ 3,200 35,361 Johnson Electric Holdings, Ltd..................... 26,875 97,770 L'Occitane International SA........................ 38,500 97,157 Lee's Pharmaceutical Holdings, Ltd................. 10,000 15,042 Lifestyle International Holdings, Ltd.............. 63,500 124,961 Luk Fook Holdings International, Ltd............... 42,000 156,671 Man Wah Holdings, Ltd.............................. 54,400 46,382 NagaCorp, Ltd...................................... 138,000 108,222 # Newocean Energy Holdings, Ltd...................... 92,000 33,839 Pacific Textile Holdings, Ltd...................... 62,000 85,541 # Paradise Entertainment, Ltd........................ 36,000 12,279 PCCW, Ltd.......................................... 171,519 113,339 * Rising Development Holdings, Ltd................... 80,000 12,377 # SA SA International Holdings, Ltd.................. 118,000 76,075 Sitoy Group Holdings, Ltd.......................... 19,000 12,491 SmarTone Telecommunications Holdings, Ltd.......... 29,500 51,722 Stella International Holdings, Ltd................. 53,500 139,833 Television Broadcasts, Ltd......................... 39,200 243,579 * United Laboratories International Holdings, Ltd. (The)............................................ 24,000 11,759 Value Partners Group, Ltd.......................... 91,000 77,329 Varitronix International, Ltd...................... 17,000 11,587 Vitasoy International Holdings, Ltd................ 72,000 99,840 # VTech Holdings, Ltd................................ 17,400 244,487 Xinyi Glass Holdings, Ltd.......................... 212,000 111,783 # Xinyi Solar Holdings, Ltd.......................... 122,000 33,668 ---------- TOTAL HONG KONG........................................ 2,543,849 ---------- IRELAND -- (0.6%) Irish Continental Group P.L.C...................... 19,445 71,892 1708 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- IRELAND -- (Continued) Paddy Power P.L.C.................................. 5,320 $414,616 -------- TOTAL IRELAND.......................................... 486,508 -------- ISRAEL -- (0.5%) * Cellcom Israel, Ltd................................ 4,942 26,098 Delek Automotive Systems, Ltd...................... 2,499 23,943 Delta-Galil Industries, Ltd........................ 822 23,589 Elbit Systems, Ltd................................. 312 19,183 * EZchip Semiconductor, Ltd.......................... 1,364 25,582 Frutarom Industries, Ltd........................... 3,959 124,054 Ituran Location and Control, Ltd................... 960 20,129 * Naphtha Israel Petroleum Corp., Ltd................ 1,629 8,283 * Nova Measuring Instruments, Ltd.................... 1,029 11,296 Osem Investments, Ltd.............................. 718 12,721 * Partner Communications Co., Ltd.................... 6,476 21,932 Paz Oil Co., Ltd................................... 79 10,109 Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 276 10,899 Shikun & Binui, Ltd................................ 13,092 24,795 Shufersal, Ltd..................................... 3,705 7,627 * Strauss Group, Ltd................................. 1,581 23,157 -------- TOTAL ISRAEL........................................... 393,397 -------- ITALY -- (3.2%) Amplifon SpA....................................... 7,223 43,207 Ansaldo STS SpA.................................... 12,692 127,541 * Autogrill SpA...................................... 13,444 114,849 Azimut Holding SpA................................. 8,887 207,167 Banca Generali SpA................................. 6,608 184,599 Banca IFIS SpA..................................... 1,224 21,057 Brembo SpA......................................... 3,021 106,465 # Brunello Cucinelli SpA............................. 1,668 34,313 De'Longhi SpA...................................... 4,535 81,751 DiaSorin SpA....................................... 2,190 87,434 Industria Macchine Automatiche SpA................. 1,053 46,427 #* Maire Tecnimont SpA................................ 7,684 16,914 MARR SpA........................................... 2,776 48,513 * Mediaset SpA....................................... 40,963 186,016 #* Piaggio & C SpA.................................... 12,594 38,336 Prysmian SpA....................................... 24,691 456,748 #* RCS MediaGroup SpA................................. 722 883 Recordati SpA...................................... 11,404 188,470 Reply SpA.......................................... 270 20,888 Salvatore Ferragamo SpA............................ 3,499 101,291 SAVE SpA........................................... 790 11,866 #* Sogefi SpA......................................... 2,339 6,752 # Tod's SpA.......................................... 1,214 124,744 #* World Duty Free SpA................................ 13,368 147,258 * Yoox SpA........................................... 6,139 132,832 1709 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- ITALY -- (Continued) Zignago Vetro SpA.................................. 1,559 $ 9,540 ---------- TOTAL ITALY............................................ 2,545,861 ---------- JAPAN -- (20.7%) # Accordia Golf Co., Ltd............................. 9,600 97,753 # Adastria Holdings Co., Ltd......................... 1,500 39,509 Aderans Co., Ltd................................... 1,900 16,867 Aeon Delight Co., Ltd.............................. 2,000 44,792 Ai Holdings Corp................................... 3,400 59,200 Aica Kogyo Co., Ltd................................ 5,700 126,875 Ain Pharmaciez, Inc................................ 1,800 58,012 Akebono Brake Industry Co., Ltd.................... 7,200 25,421 Alinco, Inc........................................ 1,100 11,340 Anest Iwata Corp................................... 1,400 9,287 # Anritsu Corp....................................... 15,600 102,283 Arcs Co., Ltd...................................... 3,800 78,294 Artnature, Inc..................................... 1,400 14,638 # Asahi Co., Ltd..................................... 900 8,806 Asahi Holdings, Inc................................ 1,800 26,713 Asahi Intecc Co., Ltd.............................. 2,600 137,798 # ASKUL Corp......................................... 1,700 26,433 Atom Corp.......................................... 4,700 35,253 # Avex Group Holdings, Inc........................... 3,900 65,767 Axial Retailing, Inc............................... 1,800 41,423 Belc Co., Ltd...................................... 500 13,873 Benefit One, Inc................................... 100 1,061 # Bic Camera, Inc.................................... 7,100 80,474 BML, Inc........................................... 1,200 32,105 Broadleaf Co., Ltd................................. 3,300 50,933 BRONCO BILLY Co., Ltd.............................. 700 23,088 Bunka Shutter Co., Ltd............................. 5,000 40,399 C Uyemura & Co., Ltd............................... 500 25,344 Can Do Co., Ltd.................................... 1,100 14,342 Capcom Co., Ltd.................................... 5,200 87,120 CKD Corp........................................... 5,100 48,580 #* Clarion Co., Ltd................................... 14,000 41,300 CMIC Holdings Co., Ltd............................. 600 10,243 # Colowide Co., Ltd.................................. 4,700 79,278 CONEXIO Corp....................................... 1,000 8,996 * COOKPAD, Inc....................................... 1,700 68,041 CREATE SD HOLDINGS Co., Ltd........................ 600 20,386 Cresco, Ltd........................................ 700 9,827 # CROOZ, Inc......................................... 700 12,042 Daido Metal Co., Ltd............................... 2,000 18,772 Daifuku Co., Ltd................................... 11,300 129,453 Daihen Corp........................................ 7,000 33,767 Daiichikosho Co., Ltd.............................. 3,700 107,151 Daiken Medical Co., Ltd............................ 800 8,098 Daio Paper Corp.................................... 9,000 77,729 Daiseki Co., Ltd................................... 4,300 72,911 # Dena Co., Ltd...................................... 6,200 81,528 Dr Ci:Labo Co., Ltd................................ 1,500 51,534 DTS Corp........................................... 2,400 50,378 1710 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Eagle Industry Co., Ltd............................ 3,000 $ 55,874 Earth Chemical Co., Ltd............................ 1,000 33,401 Eiken Chemical Co., Ltd............................ 700 10,875 Elematec Corp...................................... 400 8,788 en-japan, Inc...................................... 900 13,076 # Enplas Corp........................................ 1,300 46,390 EPS Holdings, Inc.................................. 1,700 21,069 # F@N Communications, Inc............................ 2,400 27,011 Financial Products Group Co., Ltd.................. 2,700 38,105 FINDEX, Inc........................................ 300 17,674 # FP Corp............................................ 3,100 108,193 France Bed Holdings Co., Ltd....................... 11,000 16,784 Fudo Tetra Corp.................................... 11,800 24,083 # Fuji Kyuko Co., Ltd................................ 5,000 52,514 Fuji Oil Co. Ltd/Osaka............................. 6,100 78,373 # Fuji Seal International, Inc....................... 2,200 70,296 Fujibo Holdings, Inc............................... 7,000 18,449 Fujimori Kogyo Co., Ltd............................ 900 25,428 Fujita Kanko, Inc.................................. 3,000 11,877 Fujitec Co., Ltd................................... 9,200 94,280 Fujitsu General, Ltd............................... 6,000 58,853 Fukuda Corp........................................ 2,000 15,887 Fukushima Industries Corp.......................... 600 9,003 Funai Soken Holdings, Inc.......................... 1,200 9,700 Furukawa Co., Ltd.................................. 27,000 44,315 GCA Savvian Corp................................... 1,000 10,067 Gecoss Corp........................................ 700 9,327 GMO internet, Inc.................................. 6,700 55,320 GMO Payment Gateway, Inc........................... 1,400 24,276 # Gree, Inc.......................................... 8,500 48,420 Gulliver International Co., Ltd.................... 6,300 50,001 Gurunavi, Inc...................................... 2,800 44,680 Happinet Corp...................................... 1,300 14,486 Harmonic Drive Systems, Inc........................ 2,100 33,278 Hazama Ando Corp................................... 22,100 144,744 Heiwa Corp......................................... 2,800 56,321 Hiday Hidaka Corp.................................. 500 15,727 Higashi Nihon House Co., Ltd....................... 600 2,620 Hiramatsu, Inc..................................... 1,900 10,363 HIS Co., Ltd....................................... 4,200 144,016 Hitachi Kokusai Electric, Inc...................... 5,000 67,959 # Hochiki Corp....................................... 3,000 22,715 Hokuetsu Industries Co., Ltd....................... 3,000 27,178 Hokuto Corp........................................ 2,400 44,173 Horiba, Ltd........................................ 4,600 149,828 I-Net Corp/Kanagawa................................ 1,400 10,688 Ichibanya Co., Ltd................................. 600 24,877 # Ichikoh Industries, Ltd............................ 7,000 14,405 Ichiyoshi Securities Co., Ltd...................... 3,900 39,458 Iino Kaiun Kaisha, Ltd............................. 7,900 46,107 Ikyu Corp.......................................... 2,300 30,001 # Internet Initiative Japan, Inc..................... 3,600 75,515 Iriso Electronics Co., Ltd......................... 800 46,503 1711 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) IT Holdings Corp................................... 3,000 $ 49,831 # Iwatani Corp....................................... 22,000 142,030 Jamco Corp......................................... 600 16,287 #* Janome Sewing Machine Co., Ltd..................... 16,000 18,496 Japan Aviation Electronics Industry, Ltd........... 1,000 22,601 #* Japan Communications, Inc.......................... 12,500 53,498 # Japan Drilling Co., Ltd............................ 400 14,316 * Japan Radio Co., Ltd............................... 4,000 12,743 Jeol, Ltd.......................................... 10,000 48,417 # Jin Co., Ltd....................................... 1,100 33,515 Jowa Holdings Co., Ltd............................. 1,300 40,206 # JP-Holdings, Inc................................... 2,700 8,307 # Juki Corp.......................................... 15,000 49,030 # K's Holdings Corp.................................. 4,000 117,479 # kabu.com Securities Co., Ltd....................... 7,100 38,416 * Kadokawa Dwango Corp............................... 2,000 29,607 Kaken Pharmaceutical Co., Ltd...................... 7,000 148,951 Kameda Seika Co., Ltd.............................. 800 26,977 Kanamoto Co., Ltd.................................. 3,000 78,052 Kanematsu Corp..................................... 36,000 51,278 * Kanto Denka Kogyo Co., Ltd......................... 6,000 28,450 * Kappa Create Holdings Co., Ltd..................... 1,000 9,767 Kasai Kogyo Co., Ltd............................... 1,000 8,507 Kasumi Co., Ltd.................................... 4,400 36,905 Kato Works Co., Ltd................................ 7,000 54,732 Kawai Musical Instruments Manufacturing Co., Ltd... 300 5,925 Kinugawa Rubber Industrial Co., Ltd................ 2,000 8,962 # Kito Corp.......................................... 800 7,665 #* KLab, Inc.......................................... 1,600 16,556 Kobelco Eco-Solutions Co., Ltd..................... 3,000 16,913 Komeri Co., Ltd.................................... 3,100 66,489 Kose Corp.......................................... 2,100 94,020 Kourakuen Corp..................................... 900 12,546 #* Kumagai Gumi Co., Ltd.............................. 38,000 120,260 Kura Corp.......................................... 1,400 42,179 Kusuri No Aoki Co., Ltd............................ 1,000 66,433 Kyokuto Securities Co., Ltd........................ 1,100 15,844 # Kyoritsu Maintenance Co., Ltd...................... 700 39,101 Kyoto Kimono Yuzen Co., Ltd........................ 1,500 12,777 Kyowa Exeo Corp.................................... 8,000 84,429 Lasertec Corp...................................... 900 11,132 * Leopalace21 Corp................................... 31,200 201,873 # Life Corp.......................................... 1,600 22,892 Lion Corp.......................................... 20,000 108,648 #* Livesense, Inc..................................... 1,000 6,089 Maeda Road Construction Co., Ltd................... 6,000 94,684 Mandom Corp........................................ 1,800 60,777 Mani, Inc.......................................... 600 35,200 Maruha Nichiro Corp................................ 1,800 26,786 # Marvelous, Inc..................................... 4,000 59,978 Matsumotokiyoshi Holdings Co., Ltd................. 4,500 148,299 Matsuya Co., Ltd................................... 2,800 46,232 Matsuya Foods Co., Ltd............................. 700 14,691 1712 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Meidensha Corp..................................... 19,000 $ 56,674 Meiko Network Japan Co., Ltd....................... 2,100 21,729 Meitec Corp........................................ 3,100 90,463 # Message Co., Ltd................................... 1,200 32,038 # Micronics Japan Co., Ltd........................... 1,300 35,151 Milbon Co., Ltd.................................... 1,280 36,207 Misawa Homes Co., Ltd.............................. 1,900 16,833 Mitsuba Corp....................................... 2,700 47,914 Mitsubishi Pencil Co., Ltd......................... 1,500 44,308 Mitsuboshi Belting Co., Ltd........................ 6,000 49,039 Mochida Pharmaceutical Co., Ltd.................... 700 38,439 # MonotaRO Co., Ltd.................................. 3,500 88,785 MORESCO Corp....................................... 1,000 18,557 Morinaga & Co., Ltd................................ 24,000 74,671 Morita Holdings Corp............................... 2,000 22,074 Moshi Moshi Hotline, Inc........................... 1,900 20,965 MTI, Ltd........................................... 800 10,080 Musashi Seimitsu Industry Co., Ltd................. 2,300 43,307 Nachi-Fujikoshi Corp............................... 19,000 102,166 Nakanishi, Inc..................................... 2,300 84,203 Natori Co., Ltd.................................... 1,000 11,925 NEC Networks & System Integration Corp............. 2,100 45,130 * New Japan Radio Co., Ltd........................... 4,000 16,254 # Next Co., Ltd...................................... 2,100 17,523 Nichi-iko Pharmaceutical Co., Ltd.................. 4,900 88,238 # Nichias Corp....................................... 11,000 60,395 # Nichii Gakkan Co................................... 3,800 39,639 Nichirei Corp...................................... 22,000 116,620 Nichireki Co., Ltd................................. 3,000 23,584 Nifco, Inc......................................... 4,900 168,790 Nihon Kohden Corp.................................. 2,100 103,876 Nihon M&A Center, Inc.............................. 4,000 138,825 Nihon Nohyaku Co., Ltd............................. 4,000 47,044 Nihon Parkerizing Co., Ltd......................... 5,100 121,588 # Nihon Trim Co., Ltd................................ 400 8,973 Nihon Unisys, Ltd.................................. 4,500 39,347 Nikkiso Co., Ltd................................... 6,100 53,682 # Nippon Carbide Industries Co., Inc................. 3,000 5,592 Nippon Gas Co., Ltd................................ 3,100 76,214 Nippon Parking Development Co., Ltd................ 20,400 21,839 * Nippon Suisan Kaisha, Ltd.......................... 22,800 78,783 # Nipro Corp......................................... 12,200 106,853 Nishio Rent All Co., Ltd........................... 1,500 45,948 Nissan Shatai Co., Ltd............................. 2,100 23,078 Nissei ASB Machine Co., Ltd........................ 800 18,817 # Nissha Printing Co., Ltd........................... 3,000 48,089 # Nissin Electric Co., Ltd........................... 2,000 11,875 Nissin Kogyo Co., Ltd.............................. 3,700 56,642 Nitto Boseki Co., Ltd.............................. 14,000 48,963 Nitto Kogyo Corp................................... 2,600 50,134 NOF Corp........................................... 16,000 102,467 Nohmi Bosai, Ltd................................... 3,000 37,524 Nomura Co., Ltd.................................... 3,000 28,297 1713 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) NS Solutions Corp.................................. 1,700 $ 41,272 NS United Kaiun Kaisha, Ltd........................ 8,000 26,063 Nuflare Technology, Inc............................ 300 10,930 # Obara Group, Inc................................... 1,700 84,845 Ohashi Technica, Inc............................... 1,000 13,249 # Ohsho Food Service Corp............................ 900 36,152 Oiles Corp......................................... 2,499 46,117 Okabe Co., Ltd..................................... 3,700 31,906 Oki Electric Industry Co., Ltd..................... 75,000 153,194 Okinawa Cellular Telephone Co...................... 600 17,315 # OSAKA Titanium Technologies Co., Ltd............... 2,100 44,001 OSG Corp........................................... 8,100 149,135 Outsourcing, Inc................................... 1,200 18,548 Pal Co., Ltd....................................... 900 23,377 Paramount Bed Holdings Co., Ltd.................... 1,800 49,786 Penta-Ocean Construction Co., Ltd.................. 27,000 102,909 PIA Corp........................................... 600 11,157 Pigeon Corp........................................ 3,400 212,290 Pilot Corp......................................... 1,600 94,832 #* Pioneer Corp....................................... 31,600 59,425 Plenus Co., Ltd.................................... 1,800 30,954 Pressance Corp..................................... 800 25,563 Prima Meat Packers, Ltd............................ 14,000 36,402 Proto Corp......................................... 700 10,966 Raito Kogyo Co., Ltd............................... 5,300 52,510 * Rasa Industries, Ltd............................... 10,000 11,122 Relo Holdings, Inc................................. 1,000 74,522 Renaissance, Inc................................... 1,100 10,831 # Resorttrust, Inc................................... 7,200 172,440 Ringer Hut Co., Ltd................................ 2,200 43,216 Riso Kagaku Corp................................... 2,400 41,726 Rohto Pharmaceutical Co., Ltd...................... 10,500 141,030 Roland DG Corp..................................... 900 26,765 # Round One Corp..................................... 5,300 33,096 Royal Holdings Co., Ltd............................ 3,500 50,050 S Foods, Inc....................................... 700 12,558 Sac's Bar Holdings, Inc............................ 900 12,970 Saizeriya Co., Ltd................................. 3,800 61,511 Sakata INX Corp.................................... 2,000 21,159 San-A Co., Ltd..................................... 1,300 43,401 Sanden Corp........................................ 12,000 56,044 #* Sanix, Inc......................................... 2,500 8,031 Sanken Electric Co., Ltd........................... 12,000 98,150 Sankyu, Inc........................................ 29,000 116,014 Sanwa Holdings Corp................................ 21,000 145,218 Sanyo Denki Co., Ltd............................... 5,000 35,917 Sapporo Holdings, Ltd.............................. 34,000 143,217 Sato Holdings Corp................................. 2,400 55,540 Seiko Holdings Corp................................ 14,000 76,361 # Senko Co., Ltd..................................... 5,000 28,902 Seria Co., Ltd..................................... 2,100 60,611 # Shibuya Kogyo Co., Ltd............................. 1,100 22,802 Shindengen Electric Manufacturing Co., Ltd......... 10,000 53,634 1714 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Ship Healthcare Holdings, Inc...................... 5,200 $129,050 Shochiku Co., Ltd.................................. 4,000 39,679 Showa Sangyo Co., Ltd.............................. 6,000 24,715 Siix Corp.......................................... 1,300 27,908 # SMS Co., Ltd....................................... 900 8,112 Software Service, Inc.............................. 300 10,174 Sogo Medical Co., Ltd.............................. 400 19,271 # Sparx Group Co., Ltd............................... 3,500 6,035 St Marc Holdings Co., Ltd.......................... 800 51,442 Starts Corp., Inc.................................. 1,500 20,794 Sumida Corp........................................ 1,500 9,983 Sumitomo Densetsu Co., Ltd......................... 800 9,477 #* Sumitomo Mitsui Construction Co., Ltd.............. 72,500 101,519 Sumitomo Osaka Cement Co., Ltd..................... 42,000 122,130 Sumitomo Real Estate Sales Co., Ltd................ 2,300 54,402 Sumitomo Seika Chemicals Co., Ltd.................. 4,000 28,343 # Sun Frontier Fudousan Co., Ltd..................... 1,900 14,766 T-Gaia Corp........................................ 1,700 18,467 Tabuchi Electric Co., Ltd.......................... 1,500 13,331 Tadano, Ltd........................................ 11,000 132,394 Taisei Lamick Co., Ltd............................. 600 14,445 Taiyo Holdings Co., Ltd............................ 1,500 54,526 Taiyo Yuden Co., Ltd............................... 13,600 168,761 Takara Leben Co., Ltd.............................. 6,000 31,299 Takeei Corp........................................ 1,400 10,811 Takeuchi Manufacturing Co., Ltd.................... 800 29,342 Takuma Co., Ltd.................................... 5,000 35,245 Tamron Co., Ltd.................................... 1,900 37,111 # Tatsuta Electric Wire and Cable Co., Ltd........... 4,200 17,509 #* Tobishima Corp..................................... 17,400 37,954 Tocalo Co., Ltd.................................... 700 11,784 #* Toho Titanium Co., Ltd............................. 1,300 9,182 Tokai Corp/Gifu.................................... 700 21,756 TOKAI Holdings Corp................................ 8,100 36,495 # Token Corp......................................... 640 26,525 # Tokyo Dome Corp.................................... 19,000 87,880 * Tokyo Rope Manufacturing Co., Ltd.................. 2,000 3,752 Tokyo Seimitsu Co., Ltd............................ 3,700 75,243 # Tomy Co., Ltd...................................... 5,200 28,805 Topcon Corp........................................ 2,900 57,465 Toridoll.corp...................................... 2,300 33,379 Toshiba Plant Systems & Services Corp.............. 3,500 53,647 Toshiba TEC Corp................................... 12,000 74,025 Tosho Co., Ltd..................................... 300 7,566 Totetsu Kogyo Co., Ltd............................. 2,200 52,510 Towa Pharmaceutical Co., Ltd....................... 700 31,841 Toyo Construction Co., Ltd......................... 4,100 19,643 Toyo Tire & Rubber Co., Ltd........................ 7,500 168,927 Toyobo Co., Ltd.................................... 91,000 122,389 TPR Co., Ltd....................................... 1,700 43,019 # Trancom Co., Ltd................................... 600 25,730 Transcosmos, Inc................................... 1,700 29,760 TS Tech Co., Ltd................................... 3,000 75,585 1715 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) Tsubakimoto Chain Co............................... 15,000 $ 120,771 # Tsugami Corp....................................... 6,000 34,273 # Tsukui Corp........................................ 2,100 19,409 # Tsumura & Co....................................... 7,000 159,292 UACJ Corp.......................................... 26,000 63,856 * Ulvac, Inc......................................... 4,300 61,591 United Arrows, Ltd................................. 2,100 59,689 #* Usen Corp.......................................... 8,350 21,885 Valor Co., Ltd..................................... 3,200 60,363 VT Holdings Co., Ltd............................... 3,300 13,281 # Wacom Co., Ltd..................................... 15,100 63,800 Wakachiku Construction Co., Ltd.................... 6,000 10,270 # WATAMI Co., Ltd.................................... 1,500 14,847 Welcia Holdings Co., Ltd........................... 1,069 39,349 # West Holdings Corp................................. 1,300 10,299 Wowow, Inc......................................... 400 17,254 Yahagi Construction Co., Ltd....................... 2,700 20,105 YAMABIKO Corp...................................... 900 38,733 Yaoko Co., Ltd..................................... 900 58,509 Yellow Hat, Ltd.................................... 1,200 23,473 # Yomiuri Land Co., Ltd.............................. 3,000 11,984 Yuasa Trading Co., Ltd............................. 1,499 30,846 # Yumeshin Holdings Co., Ltd......................... 1,500 9,524 # Zenrin Co., Ltd.................................... 1,700 21,872 # Zensho Holdings Co., Ltd........................... 11,100 100,363 ----------- TOTAL JAPAN............................................ 16,381,774 ----------- NETHERLANDS -- (1.8%) Aalberts Industries NV............................. 11,760 338,696 * AMG Advanced Metallurgical Group NV................ 1,976 14,754 Amsterdam Commodities NV........................... 1,361 32,446 Arcadis NV......................................... 6,575 198,994 BE Semiconductor Industries NV..................... 2,393 48,569 Beter Bed Holding NV............................... 659 12,925 # Brunel International NV............................ 2,302 37,350 Exact Holding NV................................... 959 34,361 Kendrion NV........................................ 734 20,074 * Mota-Engil Africa NV............................... 386 2,691 Nutreco NV......................................... 8,223 418,762 Sligro Food Group NV............................... 2,830 107,973 TKH Group NV....................................... 4,208 130,841 * TomTom NV.......................................... 9,448 62,083 ----------- TOTAL NETHERLANDS...................................... 1,460,519 ----------- NEW ZEALAND -- (0.9%) #* a2 Milk Co., Ltd................................... 7,609 2,975 * Diligent Board Member Services, Inc................ 1,244 4,963 Fisher & Paykel Healthcare Corp., Ltd.............. 71,488 322,354 Freightways, Ltd................................... 18,430 80,033 Mainfreight, Ltd................................... 7,422 86,298 NZX, Ltd........................................... 13,154 11,570 SKYCITY Entertainment Group, Ltd................... 63,459 181,042 1716 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- NEW ZEALAND -- (Continued) # Warehouse Group, Ltd. (The)........................ 3,001 $ 6,207 -------- TOTAL NEW ZEALAND...................................... 695,442 -------- NORWAY -- (1.1%) # Atea ASA........................................... 6,186 68,712 Bakkafrost P/F..................................... 3,041 63,178 Ekornes ASA........................................ 1,031 12,845 * Electromagnetic GeoServices........................ 790 412 # Hexagon Composites ASA............................. 3,240 7,913 * Kongsberg Automotive ASA........................... 26,375 20,736 * Nordic Semiconductor ASA........................... 11,766 81,256 #* Norwegian Air Shuttle ASA.......................... 3,145 123,544 # Opera Software ASA................................. 10,108 133,904 Prosafe SE......................................... 23,384 62,431 Salmar ASA......................................... 5,005 77,268 Tomra Systems ASA.................................. 14,249 114,482 Veidekke ASA....................................... 8,895 91,940 -------- TOTAL NORWAY........................................... 858,621 -------- PORTUGAL -- (0.3%) Altri SGPS SA...................................... 11,066 38,331 Mota-Engil SGPS SA................................. 6,670 20,395 NOS SGPS........................................... 18,691 118,652 Portugal Telecom SGPS SA........................... 46,437 32,366 Semapa-Sociedade de Investimento e Gestao.......... 2,814 32,943 -------- TOTAL PORTUGAL......................................... 242,687 -------- SINGAPORE -- (0.8%) Boustead Singapore, Ltd............................ 22,000 29,253 Breadtalk Group, Ltd............................... 10,600 11,836 CSE Global, Ltd.................................... 16,000 6,910 CWT, Ltd........................................... 26,000 32,286 # Ezion Holdings, Ltd................................ 67,680 63,454 Fragrance Group, Ltd............................... 47,000 7,821 # Hyflux, Ltd........................................ 35,000 24,626 Lian Beng Group, Ltd............................... 23,000 10,690 # Nam Cheong, Ltd.................................... 80,000 18,502 # OSIM International, Ltd............................ 24,000 34,331 Oxley Holdings, Ltd................................ 28,000 10,528 Petra Foods, Ltd................................... 20,000 58,964 Raffles Medical Group, Ltd......................... 25,221 73,931 Sheng Siong Group, Ltd............................. 45,000 24,073 # Super Group, Ltd................................... 32,000 26,222 # Swissco Holdings, Ltd.............................. 37,000 12,602 United Envirotech, Ltd............................. 46,000 55,135 * Vard Holdings, Ltd................................. 34,000 12,655 Venture Corp., Ltd................................. 17,000 102,085 -------- TOTAL SINGAPORE........................................ 615,904 -------- SPAIN -- (2.3%) Bolsas y Mercados Espanoles SA..................... 9,626 395,706 Cie Automotive SA.................................. 4,302 61,928 1717 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SPAIN -- (Continued) Distribuidora Internacional de Alimentacion SA..... 33,816 $ 218,929 Duro Felguera SA................................... 5,839 23,436 Elecnor SA......................................... 1,783 16,482 #* Fomento de Construcciones y Contratas SA........... 15,798 195,557 * Jazztel P.L.C...................................... 21,422 303,505 Prosegur Cia de Seguridad SA....................... 31,368 174,464 Tecnicas Reunidas SA............................... 3,557 138,322 Vidrala SA......................................... 18 870 Viscofan SA........................................ 4,611 266,781 * Zeltia SA.......................................... 17,276 58,826 ---------- TOTAL SPAIN............................................ 1,854,806 ---------- SWEDEN -- (2.3%) AddTech AB Class B................................. 7,817 110,355 Avanza Bank Holding AB............................. 2,262 74,610 Axfood AB.......................................... 1,613 97,894 # Axis Communications AB............................. 4,653 124,561 Beijer Alma AB..................................... 46 1,107 BioGaia AB Class B................................. 591 12,841 Clas Ohlson AB Class B............................. 4,060 62,776 Concentric AB...................................... 4,270 54,549 Hexpol AB.......................................... 878 88,086 Indutrade AB....................................... 3,316 134,967 Intrum Justitia AB................................. 9,133 243,044 JM AB.............................................. 7,741 254,801 Lagercrantz AB Class B............................. 1,041 18,207 Loomis AB Class B.................................. 853 25,239 Net Entertainment NE AB............................ 2,904 92,013 Nobia AB........................................... 6,060 52,536 # Oriflame Cosmetics SA.............................. 5,265 70,475 Securitas AB Class B............................... 5,417 66,027 Sweco AB Class B................................... 6,537 87,248 Unibet Group P.L.C................................. 2,788 166,034 Vitrolife AB....................................... 620 13,203 ---------- TOTAL SWEDEN........................................... 1,850,573 ---------- SWITZERLAND -- (4.4%) ams AG............................................. 7,446 291,446 APG SGA SA......................................... 186 60,148 Ascom Holding AG................................... 3,292 50,703 Autoneum Holding AG................................ 303 50,714 Belimo Holding AG.................................. 48 111,037 Bossard Holding AG Class A......................... 573 59,332 Bucher Industries AG............................... 708 173,695 Burckhardt Compression Holding AG.................. 294 90,943 Burkhalter Holding AG.............................. 281 29,788 Coltene Holding AG................................. 184 12,441 DKSH Holding AG.................................... 2,579 195,780 * Dufry AG........................................... 1,837 269,859 Flughafen Zuerich AG............................... 386 262,794 Forbo Holding AG................................... 19 18,371 Galenica AG........................................ 269 216,161 1718 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWITZERLAND -- (Continued) Gategroup Holding AG............................... 2,132 $ 59,174 Georg Fischer AG................................... 538 322,623 Implenia AG........................................ 122 6,673 Inficon Holding AG................................. 138 46,282 Interroll Holding AG............................... 21 10,712 Kaba Holding AG Class B............................ 296 148,771 Kardex AG.......................................... 456 21,812 Kuoni Reisen Holding AG............................ 80 26,856 LEM Holding SA..................................... 63 48,402 * Mobilezone Holding AG.............................. 1,731 20,725 OC Oerlikon Corp. AG............................... 8,533 97,060 Panalpina Welttransport Holding AG................. 1,214 148,652 Rieter Holding AG.................................. 397 57,581 Schaffner Holding AG............................... 15 4,207 Straumann Holding AG............................... 1,175 265,409 Temenos Group AG................................... 7,137 217,228 U-Blox AG.......................................... 465 66,485 ---------- TOTAL SWITZERLAND...................................... 3,461,864 ---------- UNITED KINGDOM -- (19.1%) 4imprint Group P.L.C............................... 1,211 16,084 888 Holdings P.L.C................................. 6,869 14,568 Alent P.L.C........................................ 7,951 43,665 Ashtead Group P.L.C................................ 25,048 407,594 Aveva Group P.L.C.................................. 5,965 117,870 Avon Rubber P.L.C.................................. 285 3,405 Berendsen P.L.C.................................... 19,793 331,244 Betfair Group P.L.C................................ 7,599 183,758 Brammer P.L.C...................................... 2,305 11,969 Brewin Dolphin Holdings P.L.C...................... 30,383 133,587 British Polythene Industries P.L.C................. 1,060 10,251 Britvic P.L.C...................................... 29,959 317,049 Cable & Wireless Communications P.L.C.............. 314,714 236,285 Costain Group P.L.C................................ 6,913 29,885 Croda International P.L.C.......................... 16,454 657,113 Daily Mail & General Trust P.L.C................... 33,822 438,156 Devro P.L.C........................................ 14,959 63,312 Dignity P.L.C...................................... 5,245 146,896 Diploma P.L.C...................................... 3,334 38,221 Domino Printing Sciences P.L.C..................... 5,721 58,679 Domino's Pizza Group P.L.C......................... 19,500 197,406 Dunelm Group P.L.C................................. 9,849 130,238 Electrocomponents P.L.C............................ 46,194 141,939 Essentra P.L.C..................................... 29,405 366,116 Euromoney Institutional Investor P.L.C............. 3,830 61,728 Fidessa Group P.L.C................................ 4,435 159,970 Go-Ahead Group P.L.C............................... 4,974 184,692 Greencore Group P.L.C.............................. 46,103 213,822 Greggs P.L.C....................................... 10,301 127,231 Halma P.L.C........................................ 42,483 444,526 Hays P.L.C......................................... 166,211 387,304 Hikma Pharmaceuticals P.L.C........................ 12,543 444,451 Hilton Food Group P.L.C............................ 327 1,931 1719 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Homeserve P.L.C.................................... 11,470 $ 58,082 Howden Joinery Group P.L.C......................... 76,089 485,566 ICAP P.L.C......................................... 52,840 371,045 IG Group Holdings P.L.C............................ 43,304 469,872 IMI P.L.C.......................................... 9,253 177,187 Inmarsat P.L.C..................................... 40,655 509,419 ITE Group P.L.C.................................... 22,499 44,251 James Fisher & Sons P.L.C.......................... 2,933 48,581 Jardine Lloyd Thompson Group P.L.C................. 15,196 215,909 JD Sports Fashion P.L.C............................ 5,244 39,598 JD Wetherspoon P.L.C............................... 7,955 94,685 John Menzies P.L.C................................. 3,685 20,623 Jupiter Fund Management P.L.C...................... 36,678 208,636 Kcom Group P.L.C................................... 47,434 59,043 Kier Group P.L.C................................... 4,998 117,655 Ladbrokes P.L.C.................................... 92,986 162,000 LSL Property Services P.L.C........................ 5,277 21,946 Michael Page International P.L.C................... 32,917 230,337 Micro Focus International P.L.C.................... 6,343 100,501 Mitie Group P.L.C.................................. 8,306 33,740 Moneysupermarket.com Group P.L.C................... 43,333 171,062 Morgan Advanced Materials P.L.C.................... 30,653 139,955 * Mothercare P.L.C................................... 10,225 27,564 NCC Group P.L.C.................................... 9,035 30,680 Oxford Instruments P.L.C........................... 5,462 61,067 Pace P.L.C......................................... 31,676 158,969 PayPoint P.L.C..................................... 6,805 84,858 Photo-Me International P.L.C....................... 11,100 22,663 Premier Farnell P.L.C.............................. 39,429 100,241 QinetiQ Group P.L.C................................ 71,733 201,564 Regus P.L.C........................................ 77,100 234,408 Restaurant Group P.L.C. (The)...................... 22,939 247,512 Ricardo P.L.C...................................... 2,279 22,944 Rotork P.L.C....................................... 10,528 363,937 RPC Group P.L.C.................................... 29,301 238,520 Senior P.L.C....................................... 47,140 219,000 * Skyepharma P.L.C................................... 7,750 30,516 Spirax-Sarco Engineering P.L.C..................... 8,899 408,452 * Sports Direct International P.L.C.................. 9,111 97,168 Stagecoach Group P.L.C............................. 51,434 264,784 Sthree P.L.C....................................... 5,297 26,922 Synthomer P.L.C.................................... 28,189 103,044 # TalkTalk Telecom Group P.L.C....................... 56,939 271,942 Ted Baker P.L.C.................................... 3,205 114,254 Telecity Group P.L.C............................... 24,708 320,099 * Thomas Cook Group P.L.C............................ 165,026 316,859 UBM P.L.C.......................................... 50,109 397,896 Ultra Electronics Holdings P.L.C................... 8,287 217,696 Victrex P.L.C...................................... 5,648 174,599 WH Smith P.L.C..................................... 13,431 272,024 WS Atkins P.L.C.................................... 12,245 230,753 1720 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- UNITED KINGDOM -- (Continued) XP Power, Ltd...................................... 418 $ 9,084 ----------- TOTAL UNITED KINGDOM..................................... 15,170,657 ----------- UNITED STATES -- (0.0%) * Endo International P.L.C........................... 327 26,339 ----------- TOTAL COMMON STOCKS...................................... 69,662,379 ----------- SECURITIES LENDING COLLATERAL -- (12.2%) (S)@ DFA Short Term Investment Fund..................... 836,456 9,677,795 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $78,419,027)^^....... $79,340,174 =========== 1721 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ----------- ------- ----------- Common Stocks Australia........................ -- $ 4,303,754 -- $ 4,303,754 Austria.......................... -- 513,472 -- 513,472 Belgium.......................... -- 690,649 -- 690,649 Canada........................... $5,380,762 222,778 -- 5,603,540 Denmark.......................... -- 1,196,539 -- 1,196,539 Finland.......................... -- 1,577,950 -- 1,577,950 France........................... -- 3,209,214 -- 3,209,214 Germany.......................... -- 3,978,460 -- 3,978,460 Hong Kong........................ -- 2,543,849 -- 2,543,849 Ireland.......................... -- 486,508 -- 486,508 Israel........................... -- 393,397 -- 393,397 Italy............................ -- 2,545,861 -- 2,545,861 Japan............................ -- 16,381,774 -- 16,381,774 Netherlands...................... 2,691 1,457,828 -- 1,460,519 New Zealand...................... -- 695,442 -- 695,442 Norway........................... -- 858,621 -- 858,621 Portugal......................... -- 242,687 -- 242,687 Singapore........................ -- 615,904 -- 615,904 Spain............................ -- 1,854,806 -- 1,854,806 Sweden........................... -- 1,850,573 -- 1,850,573 Switzerland...................... -- 3,461,864 -- 3,461,864 United Kingdom................... 100,501 15,070,156 -- 15,170,657 United States.................... 26,339 -- -- 26,339 Securities Lending Collateral....... -- 9,677,795 -- 9,677,795 ---------- ----------- -- ----------- TOTAL............................... $5,510,293 $73,829,881 -- $79,340,174 ========== =========== == =========== 1722 ORGANIZATION DFA Investment Dimensions Group Inc. (the "Fund") is an open-end management investment company registered under the Investment Company Act of 1940. At January 31, 2015, The Fund consists of seventy-eight operational portfolios, (the "Portfolios") all of which are included in this document. The Fund's advisor is Dimensional Fund Advisors LP (the "Advisor"). Some of the portfolios of the Fund are feeder funds in a master-feeder structure. The Master Funds are part of other entities that are also advised by the Advisor. The Schedules of Investments for the Master Funds have been included in this document. Effective February 28, 2015, Dimensional Retirement Fixed Income Fund III changed its name to DFA LTIP Portfolio. SECURITY VALUATION The Portfolios utilize a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below: .. Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) .. 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 Portfolios' own assumptions in determining the fair value of investments) The Fund of Funds (International Small Company Portfolio, DFA Global Real Estate Securities Portfolio, World ex U.S. Value Portfolio, World ex U.S. Targeted Value Portfolio, World ex U.S. Core Equity Portfolio, Selectively Hedged Global Equity, DFA Investment Grade Portfolio, World Core Equity Portfolio, Dimensional Retirement Fixed Income Fund II, DFA VA Global Moderate Allocation Portfolio, DFA Short-Duration Real Return Portfolio and DFA Municipal Real Return Portfolio) invest in the funds indicated on the Schedule of Investments. Each Feeder Fund (U.S. Large Cap Value Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio, Emerging Markets Value Portfolio, LWAS/DFA International High Book to Market Portfolio and Tax-Managed U.S. Marketwide Value Portfolio) invests primarily in a corresponding Master Fund. Master Funds' shares held by DFA Global Real Estate Securities Portfolio, World ex U.S. Value Portfolio (except The DFA International value Series and Dimensional Emerging Markets value Fund ("DEM")), World ex U.S. Targeted Value Portfolio (except The Emerging Markets Small Cap Series and DEM)), World ex U.S. Core Equity Portfolio , Selectively Hedged Global Equity Portfolio, DFA Investment Grade Portfolio, World Core Equity Portfolio (except The Emerging Markets Series), Dimensional Retirement Fixed Income Fund II and DFA VA Global Moderate Allocation Portfolio are valued at their respective daily net asset value as reported by their administrator. The Feeder Funds' (U.S. Large Cap Value Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio, Emerging Markets Value Portfolio, LWAS/DFA International High Book to Market Portfolio and Tax-Managed U.S. Marketwide Value Portfolio) and the following Fund of Funds' (International Small Company Portfolio, World ex U.S. Value Portfolio, World ex U.S. Targeted Value Portfolio and World Core Equity Portfolio), investments reflect each of their proportionate interest in the net assets of the corresponding Master Fund. These valuations are classified as Level 1 in the hierarchy. Securities held by the Domestic Equity Portfolios (U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, T.A. U.S. Core Equity 2 Portfolio, U.S. Small Cap Portfolio, U.S. Micro Cap Portfolio, DFA Real Estate Securities Portfolio, U.S. Large Cap Equity Portfolio, U.S. Social Core Equity 2 Portfolio, CSTG&E U.S. Social Core Equity 2 Portfolio, U.S. Sustainability Core 1 Portfolio, Tax Managed U.S. Equity Portfolio, Tax-Managed U.S. Targeted Value Portfolio, Tax-Managed U.S. Small Cap Portfolio, VA U.S. Targeted Value Portfolio, VA U.S. Large Value Portfolio, U.S. Large Cap Growth Portfolio and U.S. Small Cap Growth Portfolio) and the International Equity Portfolios (Large Cap International Portfolio, International Core Equity Portfolio, T.A. World ex U.S. Core Equity Portfolio, DFA International Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio, Emerging Markets Core Equity Portfolio, Emerging Markets Social Core Equity Portfolio, CSTG&E International Social Core Equity Portfolio, International Sustainability Core 1 Portfolio, Tax-Managed DFA International Value Portfolio, International Social Core Equity Portfolio, DFA International 1723 Value ex Tobacco Portfolio, VA International Value Portfolio, VA International Small Portfolio, International Large Cap Growth Portfolio and International Small Cap Growth Portfolio), including over-the-counter securities, are valued at the last quoted sale price at the close of the exchanges on which they are principally traded (official closing price). International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and the International Equity Portfolios value the securities at the mean of the most recent quoted bid and asked prices which approximates fair value. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy. Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors/Trustees. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and the International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time International Equity Portfolios price their shares at the close of the NYSE, International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets' perceptions and trading activities on International Equity Portfolios foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the International Equity Portfolios have determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by International Equity Portfolios utilize data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio's foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. Debt securities held by Enhanced U.S. Large Company Portfolio, DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Selectively Hedged Global Fixed Income Portfolio, DFA Short-Term Government Portfolio, DFA Five-Year Global Fixed Income Portfolio, DFA World ex U.S. Government Fixed Income, DFA Intermediate Government Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio, DFA Inflation-Protected Securities Portfolio, DFA Short-Term Municipal Bond Portfolio, DFA Intermediate-Term Municipal Bond Portfolio, DFA California Short-Term Municipal Bond Portfolio, DFA California Intermediate-Term Municipal Bond Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio and DFA LTIP Portfolio (the "Fixed Income Portfolios") and DFA Commodity Strategy Portfolio are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources including broker/dealers that typically handle the purchase and sale of such securities. Securities which are traded over-the-counter and on a stock exchange generally will be valued according to the broadest and most representative market, and it is expected that for bonds and other fixed income securities, this ordinarily will be the over-the-counter market. Securities for which quotations are not readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors/Trustees. These valuations are generally categorized as Level 2 in the hierarchy. Futures contracts held by the Portfolios are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy. Swap contracts generally are valued at a price at which the counterparties to such contracts would repurchase the instrument or terminate the 1724 contracts. These valuations are categorized as Level 2 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy. A summary of the inputs used to value the Portfolios' investments by each major security type, industry and/or country is disclosed previously in this note. Valuation hierarchy tables have been included at the end of the Schedules of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For the period ended January 31, 2015, there were no significant transfers between Level 1 and Level 2 and no significant Level 3 investments held by the Portfolios. FINANCIAL INSTRUMENTS In accordance with the Portfolios' investment objectives investment objectives and policies, the Portfolios may invest either directly or indirectly through their investment in a corresponding Master Fund, in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below: 1. REPURCHASE AGREEMENTS: The Portfolios may purchase certain U.S. Government securities subject to the counterparty's agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system with the Portfolio's custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. 2. TREASURY INFLATION-PROTECTED SECURITIES (TIPS): The DFA Inflation-Protected Securities Portfolio may purchase TIPS which are securities issued by the U.S. Treasury. Because the interest and/or principal payments on an inflation-protected security are adjusted periodically for changes in inflation, the income distributed by the Portfolio may be irregular. In addition, the current market value of inflation-protected securities is not guaranteed and will fluctuate. 3. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Portfolios may be inhibited. DERIVATIVE FINANCIAL INSTRUMENTS Disclosures on derivative instruments and hedging activities are intended to improve financial reporting for derivative instruments by enabling investors to understand how and why a Portfolio uses derivatives, how derivatives are accounted for and how derivative instruments affect a Portfolio's results of operations and financial position. Summarized below are the specific types of derivative instruments used by the Portfolios. 4. FORWARD CURRENCY CONTRACTS: Enhanced U.S. Large Company Portfolio, Selectively Hedged Global Equity Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Selectively Hedged Global Fixed Income Portfolio, DFA Five-Year Global Fixed Income Portfolio, DFA World ex U.S. Government Fixed Income, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio, VA Global Bond Portfolio and DFA Commodity Strategy Portfolio may enter into forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk). The decision to hedge a Portfolio's currency exposure with respect to a foreign market will be based primarily on the Portfolio's existing exposure to a given foreign currency. Each contract is valued daily and the change in value is recorded by the Portfolio as an unrealized gain or loss, which is presented in the Statements of Operations as the change in unrealized appreciation or depreciation from translation of foreign currency denominated amounts. When the contract is closed or offset with the same counterparty, the Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Statements of Operations as a net realized gain or loss on foreign currency transactions. 1725 At January 31, 2015, the following Portfolios had entered into the following contracts and the net unrealized foreign exchange gain (loss) is reflected in the accompanying financial statements (amounts in thousands): ENHANCED U.S. LARGE COMPANY PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- ------------------- -------- ----------- ----------- 02/11/15 5,111 Canadian Dollar(1) $ 4,402 $ 4,022 $(380) 02/11/15 (5,111) Canadian Dollar(2) (4,444) (4,022) 422 ------- ------- ----- $ (42) $ -- $ 42 ======= ======= ===== SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- ---------- ----------------- -------- ----------- ----------- 02/18/15 (4,729) Denmark Krone(2) $ (742) $ (718) $ 24 02/27/15 (12,394) Euro(3) (14,058) (14,009) 49 04/24/15 (1,275,636) Japanese Yen(3) (10,784) (10,873) (89) 03/12/15 (12,336) Swedish Krona(4) (1,528) (1,491) 37 02/02/15 3,076 Swiss Franc(5) 3,351 3,349 (2) 02/02/15 495 Swiss Franc(4) 582 539 (43) 02/02/15 (343) Swiss Franc(2) (338) (374) (36) 02/02/15 (3,227) Swiss Franc(6) (3,352) (3,515) (163) 03/02/15 (3,303) Swiss Franc(5) (3,603) (3,602) 1 -------- -------- ----- $(30,472) $(30,694) $(222) ======== ======== ===== DFA COMMODITY STRATEGY PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- --------------------- -------- ----------- ----------- 02/19/15 (7,122) Canadian Dollar(3) $(5,922) $(5,603) $ 319 02/02/15 4,206 UK Pound Sterling(2) 6,451 6,336 (115) 02/02/15 (4,206) UK Pound Sterling(2) (6,484) (6,336) 148 ------- ------- ----- $(5,955) $(5,603) $ 352 ======= ======= ===== 1726 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- --------------------- --------- ----------- ----------- 02/02/15 10,453 Australian Dollar(7) $ 8,459 $ 8,138 $ (321) 02/02/15 9,534 Australian Dollar(6) 7,428 7,422 (6) 02/02/15 (19,987) Australian Dollar(2) (16,171) (15,560) 611 03/03/15 (9,074) Australian Dollar(6) (7,057) (7,052) 5 02/04/15 (93,252) Canadian Dollar(6) (81,901) (73,384) 8,517 04/22/15 (60,854) Canadian Dollar(3) (48,830) (47,843) 987 04/27/15 (83,868) Canadian Dollar(4) (67,301) (65,932) 1,369 02/03/15 63,330 Euro(5) 71,041 71,563 522 02/03/15 (63,330) Euro(8) (78,169) (71,563) 6,606 02/05/15 46,048 Euro(6) 51,658 52,035 377 02/05/15 (50,539) Euro(6) (62,130) (57,110) 5,020 02/17/15 15,531 Euro(1) 17,942 17,553 (389) 02/17/15 (70,159) Euro(8) (82,982) (79,290) 3,692 03/09/15 10,555 Euro(3) 12,677 11,930 (747) 03/09/15 2,328 Euro(2) 2,758 2,631 (127) 03/09/15 (71,701) Euro(2) (88,843) (81,046) 7,797 03/10/15 (64,495) Euro(8) (75,989) (72,902) 3,087 02/02/15 77,947 UK Pound Sterling(2) 117,855 117,403 (452) 02/02/15 1,490 UK Pound Sterling(2) 2,241 2,244 3 02/02/15 (77,947) UK Pound Sterling(2) (120,177) (117,404) 2,773 02/03/15 (5,072) UK Pound Sterling(2) (7,637) (7,639) (2) 02/04/15 (68,470) UK Pound Sterling(6) (104,255) (103,129) 1,126 02/05/15 10,310 UK Pound Sterling(1) 15,623 15,528 (95) 02/05/15 1,337 UK Pound Sterling(6) 2,028 2,014 (14) 02/05/15 366 UK Pound Sterling(3) 556 551 (5) 02/05/15 261 UK Pound Sterling(2) 398 393 (5) 02/05/15 73 UK Pound Sterling(2) 109 109 -- 02/05/15 (81,025) UK Pound Sterling(3) (126,227) (122,039) 4,188 02/09/15 (1,232) UK Pound Sterling(2) (1,874) (1,855) 19 1727 02/09/15 (6,237) UK Pound Sterling(5) (9,427) (9,393) 34 02/09/15 (59,723) UK Pound Sterling(8) (90,194) (89,951) 243 02/17/15 (73,497) UK Pound Sterling(3) (112,070) (110,691) 1,379 02/18/15 31,318 UK Pound Sterling(6) 47,154 47,166 12 02/18/15 (75,614) UK Pound Sterling(5) (114,993) (113,878) 1,115 02/19/15 (4,638) UK Pound Sterling(2) (7,027) (6,985) 42 02/19/15 (61,482) UK Pound Sterling(2) (93,209) (92,595) 614 02/20/15 13,451 UK Pound Sterling(1) 20,384 20,258 (126) 02/20/15 5,072 UK Pound Sterling(2) 7,637 7,638 1 02/20/15 (75,919) UK Pound Sterling(2) (115,226) (114,336) 890 02/27/15 (75,800) UK Pound Sterling(6) (114,989) (114,152) 837 03/02/15 (1,493) UK Pound Sterling(2) (2,245) (2,248) (3) 03/02/15 (40,983) UK Pound Sterling(2) (62,240) (61,717) 523 03/03/15 (78,102) UK Pound Sterling(2) (118,068) (117,616) 452 ----------- ----------- ------- $(1,423,283) $(1,372,734) $50,549 =========== =========== ======= DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- ---------------------- -------- ----------- ----------- 02/18/15 66,268 Australian Dollar(3) $ 54,196 $ 51,539 $(2,657) 02/18/15 66,268 Australian Dollar(3) 54,194 51,539 (2,655) 02/18/15 (5,611) Australian Dollar(6) (4,573) (4,364) 209 02/25/15 51,617 Canadian Dollar(5) 44,329 40,607 (3,722) 02/25/15 51,617 Canadian Dollar(3) 44,328 40,607 (3,721) 03/13/15 140,983 New Zealand Dollar(3) 108,294 102,188 (6,106) 03/13/15 (4,122) New Zealand Dollar(6) (3,199) (2,988) 211 03/13/15 (4,122) New Zealand Dollar(6) (3,203) (2,988) 215 03/20/15 393,163 Norwegian Krone(3) 53,169 50,826 (2,343) 1728 03/20/15 393,163 Norwegian Krone(3) 53,136 50,825 (2,311) 02/06/15 6,400 Singapore Dollar(6) 4,792 4,731 (61) 02/06/15 6,400 Singapore Dollar(3) 4,776 4,731 (45) 02/06/15 6,300 Singapore Dollar(7) 4,718 4,657 (61) 02/06/15 6,300 Singapore Dollar(7) 4,717 4,657 (60) 02/06/15 6,300 Singapore Dollar(2) 4,702 4,657 (45) 02/06/15 6,300 Singapore Dollar(3) 4,698 4,657 (41) 02/11/15 6,400 Singapore Dollar(7) 4,797 4,730 (67) 02/11/15 6,400 Singapore Dollar(4) 4,786 4,730 (56) 02/11/15 6,300 Singapore Dollar(5) 4,724 4,656 (68) 02/11/15 6,300 Singapore Dollar(5) 4,723 4,656 (67) 02/11/15 6,300 Singapore Dollar(7) 4,711 4,656 (55) 02/11/15 6,300 Singapore Dollar(1) 4,710 4,656 (54) 02/26/15 6,821 Singapore Dollar(6) 5,104 5,039 (65) 02/26/15 6,175 Singapore Dollar(6) 4,623 4,562 (61) 02/26/15 6,175 Singapore Dollar(6) 4,623 4,562 (61) 02/26/15 6,175 Singapore Dollar(6) 4,623 4,562 (61) 02/26/15 (6,821) Singapore Dollar(6) (5,251) (5,039) 212 -------- -------- -------- $471,247 $447,651 $(23,596) ======== ======== ======== DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- -------------------- -------- ----------- ----------- 02/11/15 (58,099) Singapore Dollar(1) $(44,217) $(42,939) $1,278 02/18/15 16,396 Singapore Dollar(4) 12,497 12,116 (381) 02/18/15 (68,227) Singapore Dollar(8) (52,306) (50,415) 1,891 03/09/15 (23,000) Singapore Dollar(1) (17,528) (16,989) 539 1729 03/09/15 (23,944) Singapore Dollar(2) (18,227) (17,686) 541 03/10/15 (43,944) Singapore Dollar(2) (33,451) (32,459) 992 03/11/15 15,223 Singapore Dollar(4) 11,232 11,244 12 03/11/15 (56,647) Singapore Dollar(6) (42,276) (41,842) 434 03/12/15 (46,692) Singapore Dollar(6) (35,581) (34,488) 1,093 02/02/15 44,144 UK Pound Sterling(2) 66,741 66,489 (252) 02/02/15 (44,144) UK Pound Sterling(1) (68,639) (66,490) 2,149 02/03/15 32,122 UK Pound Sterling(8) 48,395 48,381 (14) 02/03/15 (32,122) UK Pound Sterling(6) (49,517) (48,381) 1,136 02/05/15 (21,394) UK Pound Sterling(2) (32,361) (32,223) 138 02/05/15 (35,990) UK Pound Sterling(3) (56,067) (54,207) 1,860 02/17/15 (44,999) UK Pound Sterling(3) (68,589) (67,771) 818 02/18/15 14,385 UK Pound Sterling(1) 21,757 21,664 (93) 02/18/15 (65,909) UK Pound Sterling(5) (100,219) (99,262) 957 02/19/15 (33,304) UK Pound Sterling(6) (50,554) (50,157) 397 02/19/15 (41,345) UK Pound Sterling(9) (62,673) (62,267) 406 02/20/15 (50,075) UK Pound Sterling(2) (76,027) (75,415) 612 03/02/15 (32,612) UK Pound Sterling(8) (49,125) (49,111) 14 03/02/15 (45,009) UK Pound Sterling(2) (68,037) (67,781) 256 --------- --------- ------- $(764,772) $(749,989) $14,783 ========= ========= ======= DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- --------------------- -------- ----------- ----------- 02/11/15 (2,286) Australian Dollar(3) $(1,860) $(1,779) $ 81 02/13/15 2,943 Canadian Dollar (2) 2,539 2,315 (224) 02/13/15 (528) Canadian Dollar (3) (441) (415) 26 02/13/15 (648) Canadian Dollar (2) (521) (510) 11 02/13/15 (2,676) Canadian Dollar (6) (2,108) (2,106) 2 1730 02/13/15 (3,000) Canadian Dollar(5) (2,406) (2,360) 46 02/13/15 (3,176) Canadian Dollar(6) (2,723) (2,499) 224 02/13/15 (3,641) Canadian Dollar(2) (3,170) (2,865) 305 02/13/15 (4,630) Canadian Dollar(5) (3,734) (3,643) 91 02/13/15 (36,556) Canadian Dollar(3) (31,785) (28,764) 3,021 02/18/15 (2,421) Denmark Krone(2) (366) (368) (2) 02/18/15 (97,335) Denmark Krone(3) (15,321) (14,789) 532 03/06/15 (647) Euro(2) (764) (732) 32 03/06/15 (739) Euro(5) (904) (835) 69 03/06/15 (875) Euro(3) (1,064) (989) 75 03/06/15 (1,142) Euro(2) (1,372) (1,291) 81 03/06/15 (1,343) Euro(2) (1,591) (1,518) 73 03/06/15 (1,347) Euro(2) (1,650) (1,523) 127 03/06/15 (1,394) Euro(6) (1,660) (1,576) 84 03/06/15 (1,623) Euro(2) (1,875) (1,834) 41 03/06/15 (1,706) Euro(6) (2,097) (1,928) 169 03/06/15 (2,049) Euro(6) (2,427) (2,316) 111 03/06/15 (2,751) Euro(5) (3,346) (3,110) 236 03/06/15 (3,165) Euro(6) (3,675) (3,577) 98 03/06/15 (3,447) Euro(5) (3,996) (3,896) 100 03/06/15 (3,516) Euro(5) (4,145) (3,974) 171 03/06/15 (4,311) Euro(6) (5,328) (4,873) 455 03/06/15 (33,997) Euro(6) (41,719) (38,427) 3,292 03/10/15 (93,055) Euro(3) (109,640) (105,184) 4,456 04/02/15 (84,208) Japanese Yen(6) (708) (718) (10) 04/24/15 (3,956,967) Japanese Yen(4) (33,474) (33,729) (255) 02/20/15 3,319 New Zealand Dollar(9) 2,410 2,410 -- 02/20/15 (14,226) New Zealand Dollar(6) (10,937) (10,332) 605 02/11/15 (17,138) Norwegian Krone(2) (2,210) (2,218) (8) 02/11/15 (36,731) Norwegian Krone(2) (4,777) (4,753) 24 03/04/15 (326) Singapore Dollar(3) (244) (241) 3 03/04/15 (657) Singapore Dollar(2) (501) (485) 16 03/04/15 (741) Singapore Dollar(4) (553) (547) 6 03/04/15 (1,222) Singapore Dollar(4) (916) (903) 13 03/04/15 (18,435) Singapore Dollar(3) (14,005) (13,618) 387 02/18/15 (884) Swedish Krona(2) (108) (107) 1 02/18/15 (76,149) Swedish Krona(5) (9,904) (9,204) 700 1731 02/11/15 (559) UK Pound Sterling(2) (848) (842) 6 02/11/15 (705) UK Pound Sterling(2) (1,057) (1,062) (5) 02/11/15 (990) UK Pound Sterling(6) (1,486) (1,491) (5) 02/11/15 (1,096) UK Pound Sterling(2) (1,666) (1,651) 15 02/11/15 (50,795) UK Pound Sterling(2) (76,922) (76,503) 419 --------- --------- ------- $(407,055) $(391,360) $15,695 ========= ========= ======= DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- -------------------- -------- ----------- ----------- 03/04/15 18,537 Singapore Dollar(4) $ 14,000 $ 13,693 $(307) 03/04/15 (18,537) Singapore Dollar(3) (14,077) (13,693) 384 -------- -------- ----- $ (77) $ -- $ 77 ======== ======== ===== VA GLOBAL BOND PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- --------------------- -------- ----------- ----------- 03/10/15 553 Singapore Dollar(4) $ 409 $ 409 $ -- 03/10/15 (7,439) Singapore Dollar(2) (5,659) (5,495) 164 02/04/15 678 UK Pound Sterling(2) 1,026 1,022 (4) 02/04/15 (8,022) UK Pound Sterling(1) (12,216) (12,083) 133 -------- -------- ---- $(16,440) $(16,147) $293 ======== ======== ==== DFA SHORT-DURATION REAL RETURN PORTFOLIO* UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JANUARY 31, EXCHANGE DATE AMOUNT** CURRENCY AMOUNT 2015 GAIN (LOSS) ---------- -------- -------------------- -------- ----------- ----------- 02/26/15 703 Singapore Dollar(2) $ 534 $ 520 $(14) 02/26/15 (703) Singapore Dollar(2) (541) (520) 21 ----- ----- ---- $ (7) $ -- $ 7 ===== ===== ==== 1732 Counterparties: (1)Morgan Stanley and Co. (2)Citibank, N.A. (3)Bank of America Corp. (4)Barclays Capital, Inc. (5)JP Morgan (6)State Street Bank and Trust (7)HSBC Bank (8)RBS (9)UBS **Positive Currency Amount represents a purchase contract and a Currency Amount in parentheses represents a sale contract. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currency relative to the U.S. dollar. 5. FUTURES CONTRACTS: Certain Portfolios may enter into futures contracts to gain market exposure on uninvested cash pending investment in securities or to maintain liquidity to pay redemptions the Portfolios as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolios record a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. The DFA Commodity Strategy Portfolio may enter into commodity, foreign currency, interest rate and commodity or securities index futures contracts and purchase and write (sell) related options traded on exchanges designated by the Commodity Futures Trading Commission ("CFTC") or, consistent with CFTC regulations, on foreign exchanges. A commodity futures contract provides for the future sale by one party and the future purchase by the other party of a specified amount of a commodity, such as an energy, agricultural or metal commodity, at a specified price, date, time and place. A foreign currency futures contract provides for the future sale by one party and the future purchase by the other party of a certain amount of a specified non-U.S. currency at a specified price, date, time and place. An interest rate futures contract provides for the future sale by one party and the purchase by the other party of a certain amount of a specific interest rate sensitive financial instrument (debt security) at a specified price, date, time and place. Securities and commodities indexes are typically capitalization or production weighted, respectively. A securities index or commodities index futures contract is an agreement to be settled by delivery of an amount of cash equal to a specified multiplier times the difference between the value of the index at the close of the last trading day on the contract and the price at which the agreement is made. The clearing house of the exchange on which a futures contract is entered into becomes the counterparty to each purchaser and seller of the futures contract. The DFA Commodity Strategy Portfolio is required to segregate with its futures commission merchant an amount of cash or securities acceptable to the broker equal to approximately 1% to 10% of the contract amount. This amount is known as "initial margin" and is in the nature of a performance bond or good faith deposit on the contract which is returned to the Portfolio upon termination of the futures contract, assuming all contractual obligations have been satisfied. Subsequent payments, known as "variation margin" to and from the broker, will be made daily as the currency, financial instrument index underlying the futures contract fluctuates, making the long and short positions in the futures contract more or less valuable, a process known as "marking-to-market". As a result of the small margin deposit that is required, a small change in the market price of a futures contract can produce major losses. At any time prior to the expiration of a futures contract, the Portfolio may elect to close the position by taking an opposite position, which will operate to terminate the Portfolio's existing position in the contract. Positions in futures contracts and options on futures contracts (described below) may be closed out only on the exchange on which they were entered into (or through a linked exchange). However, there is no assurance that an active market will exist at any particular time. Once the daily fluctuation limit has been reached in a particular contract, most futures exchanges restrict trades at a price beyond that limit or trading may be suspended for specified periods during the day. Such restrictions prevent prompt liquidation of futures positions at an advantageous price and subjecting the Portfolio to substantial losses. In such event and in the event of adverse price movements, the Portfolio would be required to make daily cash payments of variation margin. Losses incurred in futures transactions and the costs of these transactions will affect the Portfolio's performance. 1733 The price volatility of commodity futures contracts has been historically greater than that for traditional securities, such as stocks and bonds, and there are a variety of factors associated with commodity futures contracts which may subject the Portfolio's investments in the contracts to greater volatility than investments in traditional securities. 6. Options on Futures Contracts: The DFA Commodity Strategy Portfolio may purchase and write put and call options on foreign currency, interest rate and stock and commodity index futures contracts and may enter into closing transactions with respect to such options to terminate existing positions. There is no guarantee that such closing transactions can be effected; the ability to establish and close out positions on such options will be subject to the existence of a liquid market. An option on a currency, interest rate or commodity or securities index futures contract, as contrasted with the direct investment in such a contract, gives the purchaser the right, in return for the premium paid, to assume a position in a futures contract at a specified exercise price at any time prior to the expiration date of the option. The writer of the option is required upon exercise to assume an offsetting futures position (a short position if the option is a call and a long position if the option is a put). Upon exercise of an option, the delivery of the futures position by the writer of the option to the holder of the option will be accompanied by delivery of the accumulated balance in the writer's futures margin account, which represents the amount by which the market price of the futures contract exceeds, in the case of a call, or is less than, in the case of a put, the exercise price of the option on the futures contract. The potential loss related to the purchase of an option on a futures contract is limited to the premium paid for the option (plus transaction costs). The value of the option changes daily and that change would be reflected in the net asset value of the Portfolio. The DFA Commodity Strategy Portfolio may enter into options and futures transactions for several purposes, including generating current income to offset expenses or increase return and as hedges to reduce investment risk, generally by making an investment expected to move in the opposite direction of a portfolio position. A hedge is designed to offset a loss in a portfolio position with a gain in the hedged position; at the same time, however, a properly correlated hedge will result in a gain in the portfolio position being offset by a loss in the hedged position. Risks may arise upon entering into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolios could lose more than the initial margin requirements. The Portfolios entering into stock index futures are subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. Risks may also arise upon entering into commodity-linked derivative instruments. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates or factors affecting an industry or commodity. At January 31, 2015, the following Portfolios had outstanding futures contracts (dollar amounts in thousands): APPROXIMATE EXPIRATION NUMBER OF CONTRACT UNREALIZED CASH DESCRIPTION DATE CONTRACTS VALUE GAIN (LOSS) COLLATERAL ----------- ---------- --------- -------- ----------- ----------- Enhanced U.S. Large Company S&P 500 Portfolio.. Index(R) 03/19/15 408 $202,817 $(3,980) $-- -------- ------- --- $202,817 $(3,980) $-- ======== ======= === 1734 APPROXIMATE EXPIRATION NUMBER OF CONTRACT UNREALIZED CASH DESCRIPTION DATE CONTRACTS VALUE GAIN (LOSS) COLLATERAL ----------- ---------- --------- -------- ----------- ----------- Selectively Hedged Global S&P 500 Equity Index(R) Portfolio Emini 03/20/15 57 $5,667 $(219) $262 ------ ----- ---- $5,667 $(219) $262 ====== ===== ==== At January 31, 2015, the Subsidiary had the following outstanding commodity-linked futures contracts (dollar amounts in thousands): EXPIRATION NUMBER OF CONTRACT UNREALIZED DESCRIPTION DATE CONTRACTS AMOUNT GAIN (LOSS) ----------- ---------- --------- -------- ----------- Brent Crude Oil Futures............ 04/15/15 40 $ 2,200 $145 Coffee 'C' Futures................. 05/18/15 11 679 10 Copper Futures..................... 05/27/15 32 1,992 21 Corn Futures....................... 05/14/15 106 2,006 10 Cotton No.2 Futures................ 05/06/15 14 420 (1) Gasoline RBOB Futures.............. 04/30/15 18 1,296 66 Gold 100 oz Futures................ 04/28/15 28 3,582 7 KCB Wheat Futues................... 05/14/15 11 299 (2) LME Nickel Futures................. 03/16/15 67 6,085 (81) LME Nickel Futures................. 05/18/15 7 638 14 LME Nickel Futures................. 03/16/15 (67) (6,085) (39) LME Prime Aluminum Futures......... 03/16/15 281 13,050 (86) LME Prime Aluminum Futures......... 05/18/15 30 1,400 17 LME Prime Aluminum Futures......... 03/16/15 (281) (13,051) (8) LME Zinc Futures................... 03/16/15 119 6,313 (54) LME Zinc Futures................... 05/18/15 13 692 5 LME Zinc Futures................... 03/16/15 (119) (6,314) (23) Lean Hogs Futures.................. 04/15/15 18 520 (29) Live Cattle Futures................ 04/30/15 15 914 -- NY Harbor ULSD Futures............. 04/30/15 15 1,060 62 Natural Gas Futures................ 04/28/15 88 2,388 (25) Silver Futures..................... 05/27/15 15 1,294 25 Soybean Futures.................... 05/14/15 31 1,500 -- Soybean Meal Futures............... 05/14/15 22 713 (1) Soybean Oil Futures................ 05/14/15 41 744 7 Sugar #11 Futures.................. 04/30/15 70 1,179 4 WTI Crude Futures.................. 04/21/15 46 2,303 138 Wheat Futures...................... 05/14/15 33 836 (2) -------- ---- $ 28,653 $180 -------- ---- Securities have been segregated as collateral for open futures contracts. 7. Commodity-Linked Derivatives: DFA Commodity Strategy Portfolio may gain exposure to commodity markets by investing up to 25% of the Portfolio's total assets in the Dimensional Cayman Commodity Fund I, LTD., the "Subsidiary". 1735 The Subsidiary may invest without limitation in swap agreements, commodity options, futures, options on futures and structured notes. The prices of commodity-linked derivative instruments may move in different directions than investments in traditional equity securities, fixed income securities and commodity spot prices. The accompanying consolidated schedule of investments includes investments of DFA Commodity Strategy Portfolio and its wholly-owned Subsidiary. As of January 31, 2015, the DFA Commodity Strategy Portfolio held $284,265,007 in the Subsidiary, representing 24.87% of DFA Commodity Strategy Portfolio's total assets. At January 31, 2015, Dimensional Cayman Commodity Fund I, LTD. had the following outstanding total return index swaps (dollar amounts in thousands): UNREALIZED COMMODITY EXPIRATION NOTIONAL APPRECIATION COUNTERPARTY EXPOSURE DATE CURRENCY AMOUNT* (DEPRECIATION) ------------ --------- ---------- -------- ----------- -------------- Bank of America Corp.............. Index** 03/27/15 USD (136,383) $ 682 Citibank, N.A....... Index** 03/27/15 USD (183,020) 1,083 Credit Suisse....... Index** 02/25/15 USD (249,903) 1,471 Deutsche Bank AG, London Branch..... Index** 02/25/15 USD (158,411) 932 Deutsche Bank AG, London Branch..... Index** 02/27/15 USD (131,482) 774 UBS AG.............. Index** 04/28/15 USD (228,924) 1,350 ----------- ------ $(1,088,123) $6,292 =========== ====== ** Swap is exposed to the 22 commodities in the Dow Jones-UBS Commodity Index. 8. Swap Agreements: The Portfolio may enter into swap agreements with respect to commodities, interest rates and indexes of commodities or securities, specific securities and commodities, and mortgage, credit and event-linked swaps and to the extent the Portfolio may invest in foreign currency-denominated securities, may enter into swap agreements with respect to foreign currencies. The Portfolio may enter into swap transactions for any legal purpose consistent with its investment objective and policies, such as for the purpose of attempting to obtain or preserve a particular return or spread at a lower cost than obtaining a return or spread through purchases and/or sales of instruments in other markets, to seek to increase total return (speculation), to protect against currency fluctuations, as a duration management technique, to protect against any increase in the price of securities the Portfolio anticipates purchasing at a later date, or to gain exposure to certain markets in the most economical way possible. A swap agreement may be negotiated bilaterally and traded over-the-counter between the two parties (for an uncleared swap) or, in some instances, must be transacted through a futures commission merchant ("FCM") and cleared through a clearinghouse that serves as a central counterparty (for a cleared swap). Swap agreements are contracts entered into primarily by institutional investors for periods ranging from a few weeks to more than one year. In a standard "swap" transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments, which may be adjusted for an interest factor. In an uncleared swap, the swap counterparty is typically a brokerage firm, bank or other financial institution. In a cleared swap, the Portfolio's ultimate counterparty is a central clearinghouse rather than a brokerage firm, bank or other financial institution. An investment in a commodity swap agreement may involve the exchange of floating-rate interest payments for the total return on a commodity index. In a total return commodity swap, the Portfolio will receive the price appreciation of a commodity index, a portion of the index, or a single commodity in exchange for paying an agreed-upon fee. The Portfolio may also enter into credit default swap agreements. The "buyer" in a credit default contract is obligated to pay the "seller" a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation has occurred. If an event of default occurs, the seller must pay the buyer the full notional value, or "par value," of the reference obligation in exchange for the reference obligation. The Portfolio may be either the buyer or seller in a 1736 credit default swap transaction. Credit default swap transactions involve greater risks than if the Portfolio had invested in the reference obligation directly. Most swap agreements entered into by the Portfolio will calculate the obligations of the parties to the agreement on a "net" basis, which means that the two payment streams are netted out, with the Portfolio receiving or paying, as the case may be, only the net amount of the two payments. The Portfolio's current obligations under a swap agreement will be accrued daily (offset against any amounts owed to the Portfolio) and any accrued but unpaid net amounts owed to a swap counterparty will be covered by the segregation of assets determined to be liquid to avoid any potential leveraging of the Portfolio's portfolio. Because uncleared swaps are two-party contracts and may have terms of greater than seven days, these swap agreements may be considered to be illiquid. In addition, because uncleared swaps are not traded on exchanges, the Portfolio bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty beyond any collateral received. The types of swap agreements in which the Portfolio invests do not involve the delivery of securities, other underlying assets, or principal. Accordingly, the risk of loss is limited to the net amount of interest payments that the Portfolio is contractually obligated to make or receive. Central clearing is designed to reduce counterparty credit risk and increase liquidity compared to uncleared swaps because central clearing interposes the central clearinghouse as the counterparty to each participant's swap, but it does not eliminate those risks completely. Among other risks, there is a risk of loss by the Portfolio of the initial and variation margin deposits in the event of bankruptcy of the FCM with which the Portfolio has an open position in a swap contract. At January 31, 2015, DFA Short-Duration Real Return Portfolio had the following outstanding inflation rate swaps (dollar amounts in thousands): UNREALIZED PAYMENTS PAYMENTS EXPIRATION NOTIONAL APPRECIATION COUNTERPARTY MADE RECEIVED DATE CURRENCY AMOUNT (DEPRECIATION) ------------ -------- -------- ---------- -------- -------- -------------- Bank of America Corp. 2.224% CPI 08/26/2019 USD $26,000 $(1,095) Bank of America Corp. 1.985% CPI 09/19/2018 USD 27,000 (792) Bank of America Corp. 1.755% CPI 10/20/2018 USD 32,000 (569) Bank of America Corp. 1.733% CPI 11/07/2017 USD 40,000 (729) Citibank, N.A. 2.215% CPI 07/25/2018 USD 28,000 (1,078) Citibank, N.A. 2.143% CPI 06/02/2018 USD 26,000 (910) Citibank, N.A. 1.985% CPI 03/14/2017 USD 19,000 (497) Citibank, N.A. 1.978% CPI 03/05/2017 USD 21,000 (542) Citibank, N.A. 1.975% CPI 02/13/2017 USD 27,000 (687) Citibank, N.A. 1.945% CPI 03/03/2017 USD 22,000 (547) Citibank, N.A. 1.881% CPI 12/18/2016 USD 7,300 (181) Citibank, N.A. 1.870% CPI 12/24/2016 USD 9,500 (228) Citibank, N.A. 1.864% CPI 11/13/2016 USD 26,000 (664) Citibank, N.A. 1.790% CPI 11/19/2018 USD 31,000 (555) Citibank, N.A. 1.669% CPI 10/30/2017 USD 28,000 (462) Citibank, N.A. 1.320% CPI 01/20/2019 USD 30,000 187 Credit Suisse 2.268% CPI 06/27/2017 USD 26,000 (957) Credit Suisse 1.968% CPI 02/24/2017 USD 19,000 (483) Credit Suisse 0.025% CPI 05/08/2018 USD 21,000 (622) Deutsche Bank AG, London Branch 2.242% CPI 06/12/2019 USD 26,000 (1,089) Deutsche Bank AG, London Branch 2.178% CPI 06/20/2017 USD 26,000 (886) Deutsche Bank AG, London Branch 1.988% CPI 04/25/2017 USD 20,000 (533) 1737 Deutsche Bank AG, London Branch 1.945% CPI 01/08/2017 USD 23,000 (582) Deutsche Bank AG, London Branch 1.930% CPI 02/05/2017 USD 18,000 (432) Deutsche Bank AG, London Branch 1.925% CPI 01/28/2017 USD 11,000 (264) Deutsche Bank AG, London Branch 1.905% CPI 01/02/2017 USD 20,300 (494) Deutsche Bank AG, London Branch 1.870% CPI 04/07/2017 USD 21,000 (480) Deutsche Bank AG, London Branch 1.868% CPI 03/31/2017 USD 21,000 (477) Deutsche Bank AG, London Branch 1.845% CPI 12/10/2016 USD 12,000 (293) Deutsche Bank AG, London Branch 1.815% CPI 12/04/2016 USD 10,500 (251) -------- -------- $674,600 $(17,192) -------- -------- At January 31, 2015, DFA Municipal Real Return Portfolio had the following outstanding inflation rate swaps (dollar amounts in thousands): UNREALIZED PAYMENTS PAYMENTS EXPIRATION NOTIONAL APPRECIATION COUNTERPARTY MADE RECEIVED DATE CURRENCY AMOUNT (DEPRECIATION) ------------ -------- -------- ---------- -------- -------- -------------- Bank of America Corp. 1.958% CPI 11/10/2019 USD $ 7,000 $(171) Bank of America Corp. 1.550% CPI 01/26/2021 USD 6,000 43 Bank of America Corp. 1.490% CPI 12/31/2019 USD 7,000 12 Bank of America Corp. 1.410% CPI 12/24/2018 USD 4,000 (3) Bank of America Corp. 1.365% CPI 01/21/2019 USD 5,000 23 Citibank, N.A. 1.935% CPI 11/07/2019 USD 20,000 (466) Citibank, N.A. 1.905% CPI 11/17/2019 USD 4,000 (87) Citibank, N.A. 1.818% CPI 12/01/2019 USD 3,000 (51) Citibank, N.A. 1.609% CPI 12/12/2019 USD 4,000 (23) Citibank, N.A. 1.494% CPI 01/08/2021 USD 4,000 31 ------- ----- $64,000 $(692) ------- ----- FEDERAL TAX COST At January 31, 2015, the total cost of securities for federal income tax purposes was: Enhanced U.S. Large Company Portfolio $ 254,397,824 U.S. Large Cap Value Portfolio 10,250,688,914 U.S. Targeted Value Portfolio 5,388,747,999 U.S. Small Cap Value Portfolio 10,323,146,034 U.S. Core Equity 1 Portfolio 9,381,974,257 U.S. Core Equity 2 Portfolio 10,538,315,646 U.S. Vector Equity Portfolio 2,903,402,124 U.S. Small Cap Portfolio 9,209,017,346 U.S. Micro Cap Portfolio 4,270,021,130 1738 DFA Real Estate Securities Portfolio 5,022,511,682 Large Cap International Portfolio 2,839,699,244 International Core Equity Portfolio 12,900,392,260 International Small Company Portfolio 7,872,933,544 Japanese Small Company Portfolio 478,373,848 Asia Pacific Small Company Portfolio 287,923,647 United Kingdom Small Company Portfolio 20,356,096 Continental Small Company Portfolio 151,424,880 DFA International Real Estate Securities Portfolio 2,585,026,168 DFA Global Real Estate Securities Portfolio 2,821,626,058 DFA International Small Cap Value Portfolio 11,179,093,025 International Vector Equity Portfolio 1,358,619,663 World ex U.S. Value Portfolio 107,721,309 World ex U.S. Targeted Value Portfolio 175,767,507 World ex U.S. Core Equity Portfolio 584,722,836 Selectively Hedged Global Equity Portfolio 146,559,955 Emerging Markets Portfolio 3,107,611,586 Emerging Markets Small Cap Portfolio 4,519,573,479 Emerging Markets Value Portfolio 17,665,830,812 Emerging Markets Core Equity Portfolio 15,991,738,507 U.S. Large Cap Equity Portfolio 480,064,901 DFA Commodity Strategy Portfolio 1,080,979,983 DFA One-Year Fixed Income Portfolio 8,498,060,358 DFA Two-Year Global Fixed Income Portfolio 6,406,107,351 DFA Selectively Hedged Global Fixed Income Portfolio 1,119,760,749 DFA Short-Term Government Portfolio 2,161,130,038 DFA Five-Year Global Fixed Income Portfolio 10,499,047,196 DFA World ex U.S. Government Fixed Income Portfolio 418,170,298 DFA Intermediate Government Fixed Income Portfolio 4,016,297,972 DFA Short-Term Extended Quality Portfolio 4,348,296,827 DFA Intermediate-Term Extended Quality Portfolio 2,816,898,144 DFA Investment Grade Portfolio 2,754,964,090 DFA Inflation-Protected Securities Portfolio 2,705,175,281 DFA Short-Term Municipal Bond Portfolio 2,141,260,617 DFA Intermediate-Term Municipal Bond Portfolio 578,327,698 DFA California Short-Term Municipal Bond Portfolio 740,448,218 DFA California Intermediate-Term Municipal Bond Portfolio 149,652,924 DFA Short-Duration Real Return Portfolio 722,448,411 DFA Municipal Real Return Portfolio 66,745 CSTG&E U.S. Social Core Equity 2 Portfolio 72,930,879 CSTG&E International Social Core Equity Portfolio 109,253,562 World Core Equity Portfolio 130,887,752 DFA LTIP Portfolio 182,096 U.S. Social Core Equity 2 Portfolio 465,507,373 U.S. Sustainability Core 1 Portfolio 352,998,647 International Sustainability Core 1 Portfolio 347,545,433 DFA International Value ex Tobacco Portfolio 72,245,552 International Social Core Equity Portfolio 394,061,800 Emerging Markets Social Core Equity Portfolio 973,408,804 Tax Managed U.S. Marketwide Value Portfolio 2,058,540,629 Tax Managed U.S. Equity Portfolio 1,283,091,942 Tax Managed U.S. Targeted Value Portfolio 2,563,340,817 Tax Managed U.S. Small Cap Portfolio 1,608,967,519 T.A. U.S. Core Equity 2 Portfolio 3,689,605,164 Tax-Managed DFA International Value Portfolio 2,843,714,498 T.A. World ex U.S. Core Equity Portfolio 1,783,167,040 LWAS/DFA International High Book to Market Portfolio 57,548,721 VA U.S. Targeted Value Portfolio 208,569,820 1739 VA U.S. Large Value Portfolio 188,693,622 VA International Value Portfolio 182,325,666 VA International Small Portfolio 144,255,865 VA Short-Term Fixed Portfolio 187,017,552 VA Global Bond Portfolio 243,768,498 DFA VA Global Moderate Allocation Portfolio 68,518,380 U.S. Large Cap Growth Portfolio 541,115,342 U.S. Small Cap Growth Portfolio 215,608,550 International Large Cap Growth Portfolio 174,679,082 International Small Cap Growth Portfolio 78,419,028 OTHER The Portfolios are subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buyout transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, our results of operations, or our cash flows, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series have been named as defendants in a multi-district litigation pending in the United States District Court for the Southern District of New York (the "Court"), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the "Tribune MDL"). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company ("Tribune") (the "LBO") and Tribune's subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the "Individual Creditor Actions") and a lawsuit brought by a court-appointed trustee on behalf of the committee of unsecured creditors of Tribune (the "Committee Action," and with the Individual Creditor Actions, collectively referred to as the "Lawsuits"). The Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO. On September 23, 2013, the Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lack standing to pursue their claims. The Court's dismissal order is on appeal to the Second Circuit. Oral argument on the appeal was held on November 5, 2014, and the parties await the Second Circuit's ruling. The Committee Action remains pending, and a motion to dismiss on behalf of all shareholder defendants in the Committee Action was filed on May 23, 2014. The motion to dismiss is fully-briefed, and the parties await the scheduling of oral argument on the motion. The Committee Action is stayed pending the disposition of the motion to dismiss. Litigation counsel to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series in the Lawsuits do not believe that it is possible, at this early stage in the proceedings, to predict with any reasonable certainty the probable outcome of the Lawsuits or quantify the ultimate exposure to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series arising from the Lawsuits. Until The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series can do so, no reduction of the net asset values of the U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will be made relating to the Lawsuits. However, even if the plaintiffs in the Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of The U.S. Large Cap Value Series' and The Tax-Managed U.S. Marketwide Value Series' net asset values, respectively, at this time. The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series also cannot predict what their size might be at the time the cost of the Lawsuits might be quantifiable and thus potentially deducted from their net asset values. Therefore, at this time, those investors buying or redeeming shares of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will pay or receive, as the case may be, a price based on the net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, with no adjustment relating to the Lawsuits. The attorneys' fees and costs relating to the Lawsuits will be taken as expenses by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series as incurred and in a manner similar to any other expense incurred by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series. 1740 SUBSEQUENT EVENT EVALUATIONS Management has evaluated the impact of all subsequent events on the Portfolios and has determined that there are no subsequent events requiring recognition or disclosure in the Schedules of Investments. 1741 THE U.S. LARGE CAP VALUE SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- -------------- COMMON STOCKS -- (95.7%) Consumer Discretionary -- (12.1%) # Autoliv, Inc...................................... 16,351 $ 1,734,187 Best Buy Co., Inc................................. 32,996 1,161,459 Carnival Corp..................................... 1,802,028 79,217,151 # CBS Corp. Class A................................. 7,236 404,890 # Comcast Corp. Class A............................. 9,873,756 524,740,763 # Comcast Corp. Special Class A..................... 3,723,303 196,962,729 # Dillard's, Inc. Class A........................... 112,692 12,801,811 DR Horton, Inc.................................... 380,359 9,326,403 Ford Motor Co..................................... 5,380,517 79,147,405 # GameStop Corp. Class A............................ 598,147 21,084,682 Gannett Co., Inc.................................. 84,952 2,634,362 General Motors Co................................. 3,814,989 124,444,941 Graham Holdings Co. Class B....................... 32,261 30,174,359 * Hyatt Hotels Corp. Class A........................ 26,622 1,497,754 Johnson Controls, Inc............................. 112,338 5,220,347 # Kohl's Corp....................................... 778,726 46,505,517 #* Lands' End, Inc................................... 108,496 3,763,726 Lear Corp......................................... 68,267 6,850,593 # Lennar Corp. Class A.............................. 235,129 10,559,643 Lennar Corp. Class B.............................. 4,312 155,706 #* Liberty Broadband Corp............................ 85,576 3,799,574 * Liberty Broadband Corp. Class A................... 27,953 1,243,070 * Liberty Interactive Corp. Class A................. 2,576,808 70,501,467 * Liberty Media Corp................................ 313,578 10,699,281 * Liberty Media Corp. Class A....................... 156,789 5,338,665 * Liberty TripAdvisor Holdings, Inc. Class A........ 104,723 2,507,069 * Liberty Ventures Series A......................... 571,622 21,350,082 * Madison Square Garden Co. (The) Class A........... 13,157 996,643 #* MGM Resorts International......................... 2,137,635 41,641,130 * Mohawk Industries, Inc............................ 286,453 47,276,203 * News Corp. Class A................................ 290,667 4,328,032 * News Corp. Class B................................ 31,823 459,524 Penske Automotive Group, Inc...................... 7,288 352,375 PVH Corp.......................................... 91,301 10,066,848 # Royal Caribbean Cruises, Ltd...................... 1,051,952 79,474,974 #* Sears Holdings Corp............................... 55,098 1,754,320 # Service Corp. International....................... 281,944 6,380,393 # Staples, Inc...................................... 1,926,011 32,838,488 # Target Corp....................................... 1,106,428 81,444,165 Time Warner Cable, Inc............................ 1,876,119 255,396,079 Time Warner, Inc.................................. 5,026,428 391,709,534 # Time, Inc......................................... 204,079 5,110,138 #* Toll Brothers, Inc................................ 329,804 11,417,814 * TRW Automotive Holdings Corp...................... 459 47,355 Whirlpool Corp.................................... 123,680 24,622,214 -------------- Total Consumer Discretionary 2,269,143,865 -------------- Consumer Staples -- (7.0%) Archer-Daniels-Midland Co......................... 2,861,952 133,452,822 Bunge, Ltd........................................ 553,069 49,516,268 # ConAgra Foods, Inc................................ 740,279 26,228,085 1742 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ --------- -------------- Consumer Staples -- (Continued) * Constellation Brands, Inc. Class A............... 462,850 $ 51,121,782 # CVS Health Corp.................................. 6,986,047 685,750,374 Energizer Holdings, Inc.......................... 2,975 380,830 # Ingredion, Inc................................... 53,177 4,288,193 # JM Smucker Co. (The)............................. 540,650 55,768,047 Molson Coors Brewing Co. Class B................. 763,563 57,977,339 Mondelez International, Inc. Class A............. 5,178,501 182,490,375 Pinnacle Foods, Inc.............................. 23,433 842,885 # Tyson Foods, Inc. Class A........................ 1,480,178 57,786,149 -------------- Total Consumer Staples............................... 1,305,603,149 -------------- Energy -- (18.1%) Anadarko Petroleum Corp.......................... 2,644,697 216,203,980 Apache Corp...................................... 1,895,772 118,618,454 Baker Hughes, Inc................................ 1,938,026 112,386,128 #* California Resources Corp........................ 1,138,527 5,829,258 # Chesapeake Energy Corp........................... 3,374,987 64,732,251 Chevron Corp..................................... 5,728,547 587,347,924 Cimarex Energy Co................................ 155,458 16,043,266 # ConocoPhillips................................... 6,979,102 439,543,844 # Denbury Resources, Inc........................... 195,620 1,349,778 Devon Energy Corp................................ 1,721,246 103,739,496 Exxon Mobil Corp................................. 5,979,793 522,753,504 # Helmerich & Payne, Inc........................... 516,470 30,760,953 Hess Corp........................................ 1,578,867 106,557,734 HollyFrontier Corp............................... 498,931 17,921,602 Marathon Oil Corp................................ 3,640,872 96,847,195 Marathon Petroleum Corp.......................... 1,752,484 162,262,494 # Murphy Oil Corp.................................. 728,510 32,717,384 Nabors Industries, Ltd........................... 926,506 10,664,084 National Oilwell Varco, Inc...................... 1,968,548 107,148,068 * Newfield Exploration Co.......................... 52,309 1,557,762 # Noble Corp. P.L.C................................ 721,779 11,707,255 Occidental Petroleum Corp........................ 2,846,319 227,705,520 # Paragon Offshore P.L.C........................... 195,894 409,418 Phillips 66...................................... 2,121,501 149,183,950 QEP Resources, Inc............................... 458,418 9,269,212 #* Seventy Seven Energy, Inc........................ 77,453 305,939 Tesoro Corp...................................... 615,285 50,287,243 # Transocean, Ltd.................................. 1,340,027 21,842,440 Valero Energy Corp............................... 2,806,975 148,432,838 * Weatherford International P.L.C.................. 2,173,272 22,449,900 #* Whiting Petroleum Corp........................... 218,861 6,570,207 -------------- Total Energy......................................... 3,403,149,081 -------------- Financials -- (19.4%) ACE, Ltd......................................... 108,288 11,690,772 Aflac, Inc....................................... 768,274 43,853,080 * Alleghany Corp................................... 1,128 498,678 Allied World Assurance Co. Holdings AG........... 556,302 21,512,198 Allstate Corp. (The)............................. 930,082 64,910,423 American Financial Group, Inc.................... 458,785 26,627,881 1743 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- ------------ Financials -- (Continued) American International Group, Inc.................. 2,978,175 $145,543,412 American National Insurance Co..................... 68,706 7,148,172 Assurant, Inc...................................... 357,292 22,691,615 Assured Guaranty, Ltd.............................. 126,617 3,091,987 Axis Capital Holdings, Ltd......................... 550,404 28,015,564 Bank of America Corp............................... 15,945,159 241,569,159 Bank of New York Mellon Corp. (The)................ 3,358,699 120,913,164 BB&T Corp.......................................... 571,442 20,166,188 Capital One Financial Corp......................... 2,096,624 153,493,843 # Chubb Corp. (The).................................. 83,414 8,166,231 # Cincinnati Financial Corp.......................... 16,670 842,002 CIT Group, Inc..................................... 25,124 1,100,934 Citigroup, Inc..................................... 5,186,218 243,492,935 City National Corp................................. 1,633 141,565 CME Group, Inc..................................... 1,222,099 104,245,045 CNA Financial Corp................................. 498,971 19,439,910 #* E*TRADE Financial Corp............................. 114,229 2,632,978 # Everest Re Group, Ltd.............................. 159,124 27,270,671 Fifth Third Bancorp................................ 2,008,033 34,738,971 * Genworth Financial, Inc. Class A................... 2,374,310 16,572,684 Goldman Sachs Group, Inc. (The).................... 1,256,452 216,624,889 Hartford Financial Services Group, Inc. (The)...... 2,415,308 93,955,481 HCC Insurance Holdings, Inc........................ 11,236 599,328 Hudson City Bancorp, Inc........................... 71,664 642,826 Huntington Bancshares, Inc......................... 917,718 9,195,534 JPMorgan Chase & Co................................ 10,686,233 581,117,351 KeyCorp............................................ 374,205 4,860,923 # Legg Mason, Inc.................................... 603,740 33,471,346 # Leucadia National Corp............................. 137,025 3,106,357 Lincoln National Corp.............................. 1,364,746 68,210,005 Loews Corp......................................... 1,977,244 75,649,355 # M&T Bank Corp...................................... 92,548 10,472,732 MetLife, Inc....................................... 2,280,037 106,021,721 Morgan Stanley..................................... 4,581,884 154,913,498 NASDAQ OMX Group, Inc. (The)....................... 801,702 36,557,611 # New York Community Bancorp, Inc.................... 80,866 1,249,380 # Old Republic International Corp.................... 632,434 8,879,373 PartnerRe, Ltd..................................... 197,083 22,546,295 # People's United Financial, Inc..................... 145,708 2,050,112 PNC Financial Services Group, Inc. (The)........... 883,146 74,661,163 # Principal Financial Group, Inc..................... 584,568 27,433,776 Protective Life Corp............................... 7,158 500,702 Prudential Financial, Inc.......................... 1,196,505 90,790,799 Regions Financial Corp............................. 5,807,266 50,523,214 Reinsurance Group of America, Inc.................. 339,992 28,154,738 RenaissanceRe Holdings, Ltd........................ 6,208 593,671 State Street Corp.................................. 121,757 8,706,843 # SunTrust Banks, Inc................................ 2,080,348 79,926,970 Torchmark Corp..................................... 2,897 145,053 Travelers Cos., Inc. (The)......................... 892,236 91,739,706 Unum Group......................................... 1,374,339 42,686,969 Validus Holdings, Ltd.............................. 167,263 6,631,978 Wells Fargo & Co................................... 5,062,126 262,825,582 1744 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- Financials -- (Continued) WR Berkley Corp.................................. 36,670 $ 1,796,463 XL Group P.L.C................................... 1,434,888 49,489,287 # Zions Bancorporation............................. 754,482 18,077,389 -------------- Total Financials..................................... 3,635,178,482 -------------- Health Care -- (10.7%) * Actavis P.L.C.................................... 136,965 36,506,651 Aetna, Inc....................................... 2,009,110 184,476,480 # Anthem, Inc...................................... 1,674,297 225,963,123 * Bio-Rad Laboratories, Inc. Class A............... 1,222 139,882 * Boston Scientific Corp........................... 6,573,232 97,349,566 * CareFusion Corp.................................. 907,569 53,818,842 Cigna Corp....................................... 320,341 34,222,029 #* Community Health Systems, Inc.................... 228,842 10,771,593 #* Express Scripts Holding Co....................... 3,072,578 247,987,771 #* Hologic, Inc..................................... 1,211,606 36,790,416 Humana, Inc...................................... 707,042 103,539,231 * MEDNAX, Inc...................................... 4,300 291,927 # Omnicare, Inc.................................... 556,064 41,693,679 Perrigo Co. P.L.C................................ 13,380 2,030,281 Pfizer, Inc...................................... 20,179,340 630,604,375 # Quest Diagnostics, Inc........................... 188,268 13,380,207 # Teleflex, Inc.................................... 91,713 10,048,076 Thermo Fisher Scientific, Inc.................... 1,423,339 178,216,276 UnitedHealth Group, Inc.......................... 912,609 96,964,706 -------------- Total Health Care.................................... 2,004,795,111 -------------- Industrials -- (11.6%) # ADT Corp. (The).................................. 693,704 23,863,418 * AECOM............................................ 131,051 3,331,316 # AGCO Corp........................................ 279,803 12,126,662 Alaska Air Group, Inc............................ 15,340 1,041,126 * AMERCO........................................... 474 135,616 * Avis Budget Group, Inc........................... 132,261 7,579,878 #* B/E Aerospace, Inc............................... 19,114 1,114,920 CSX Corp......................................... 5,604,703 186,636,610 Danaher Corp..................................... 205,071 16,893,749 Delta Air Lines, Inc............................. 101,580 4,805,750 Eaton Corp. P.L.C................................ 1,361,465 85,894,827 #* Engility Holdings, Inc........................... 9,148 365,005 FedEx Corp....................................... 828,737 140,147,714 General Electric Co.............................. 24,408,709 583,124,058 #* Genesee & Wyoming, Inc. Class A.................. 15,202 1,253,405 * Hertz Global Holdings, Inc....................... 1,345,507 27,609,804 Ingersoll-Rand P.L.C............................. 100 6,640 * Jacobs Engineering Group, Inc.................... 175,921 6,702,590 # Joy Global, Inc.................................. 84,284 3,534,871 KAR Auction Services, Inc........................ 9,789 333,903 * Kirby Corp....................................... 8,593 622,907 L-3 Communications Holdings, Inc................. 421,205 51,858,760 Manpowergroup, Inc............................... 19,031 1,386,979 Nielsen NV....................................... 50,837 2,214,460 1745 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- Industrials -- (Continued) # Norfolk Southern Corp............................ 1,681,939 $ 171,507,320 Northrop Grumman Corp............................ 1,364,645 214,181,033 #* NOW, Inc......................................... 54,256 1,353,687 # Oshkosh Corp..................................... 25,867 1,108,401 Owens Corning.................................... 579,048 23,190,872 Pentair P.L.C.................................... 566,968 35,044,292 Precision Castparts Corp......................... 75,847 15,176,985 #* Quanta Services, Inc............................. 554,686 14,688,085 Republic Services, Inc........................... 1,511,758 59,986,557 Ryder System, Inc................................ 55,880 4,626,305 Southwest Airlines Co............................ 3,905,821 176,464,993 SPX Corp......................................... 22,870 1,911,246 Stanley Black & Decker, Inc...................... 718,322 67,270,855 Textron, Inc..................................... 91,067 3,875,812 Towers Watson & Co. Class A...................... 3,045 360,832 # Trinity Industries, Inc.......................... 125,128 3,312,138 # Triumph Group, Inc............................... 29,704 1,694,910 Union Pacific Corp............................... 1,765,010 206,876,822 #* United Rentals, Inc.............................. 51,317 4,251,613 #* Veritiv Corp..................................... 35,483 1,805,020 Waste Connections, Inc........................... 53,895 2,329,342 -------------- Total Industrials.................................... 2,173,602,088 -------------- Information Technology -- (9.0%) Activision Blizzard, Inc......................... 2,987,304 62,419,717 Amdocs, Ltd...................................... 22,178 1,068,536 * Arrow Electronics, Inc........................... 568,882 31,311,265 Avnet, Inc....................................... 694,662 28,911,832 #* Blackhawk Network Holdings, Inc. Class B......... 16,109 533,369 Broadcom Corp. Class A........................... 75,536 3,205,370 Brocade Communications Systems, Inc.............. 443,568 4,932,476 CA, Inc.......................................... 718,936 21,783,761 Cisco Systems, Inc............................... 11,600,510 305,847,446 Computer Sciences Corp........................... 170,762 10,361,838 Corning, Inc..................................... 4,100,240 97,462,705 EMC Corp......................................... 1,034,794 26,832,208 Fidelity National Information Services, Inc...... 1,330,304 83,050,879 #* First Solar, Inc................................. 154,302 6,530,061 Hewlett-Packard Co............................... 9,619,949 347,568,757 IAC/InterActiveCorp.............................. 57,051 3,477,259 * Ingram Micro, Inc. Class A....................... 725,997 18,280,605 Intel Corp....................................... 9,210,936 304,329,326 # Jabil Circuit, Inc............................... 117,375 2,419,099 # Juniper Networks, Inc............................ 922,663 20,972,130 Lam Research Corp................................ 334,003 25,531,189 Marvell Technology Group, Ltd.................... 398,733 6,176,374 #* Micron Technology, Inc........................... 3,531,520 103,349,933 * NCR Corp......................................... 3,717 94,412 # NVIDIA Corp...................................... 704,083 13,521,914 * ON Semiconductor Corp............................ 22,525 225,475 Western Digital Corp............................. 564,843 54,919,685 Xerox Corp....................................... 5,729,607 75,458,924 1746 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- --------------- Information Technology -- (Continued) * Yahoo!, Inc............................. 877,399 $ 38,596,782 --------------- Total Information Technology................ 1,699,173,327 --------------- Materials -- (3.3%) Alcoa, Inc.............................. 4,826,610 75,536,447 Ashland, Inc............................ 388,650 46,062,798 Bemis Co., Inc.......................... 35,924 1,591,433 CF Industries Holdings, Inc............. 69,722 21,291,704 Dow Chemical Co. (The).................. 1,012,262 45,713,752 Eastman Chemical Co..................... 34,246 2,427,699 Freeport-McMoRan, Inc................... 4,647,012 78,116,272 # Huntsman Corp........................... 18,579 407,995 International Paper Co.................. 2,043,676 107,619,978 MeadWestvaco Corp....................... 841,379 42,304,536 Mosaic Co. (The)........................ 569,576 27,732,655 Newmont Mining Corp..................... 1,384,540 34,821,181 Nucor Corp.............................. 926,421 40,438,277 Reliance Steel & Aluminum Co............ 359,269 18,814,918 Rock-Tenn Co. Class A................... 264,736 17,181,366 Sonoco Products Co...................... 16,626 734,869 Steel Dynamics, Inc..................... 923,785 15,741,296 # United States Steel Corp................ 3,958 96,734 # Vulcan Materials Co..................... 576,239 40,630,612 --------------- Total Materials............................. 617,264,522 --------------- Telecommunication Services -- (4.2%) # AT&T, Inc............................... 19,291,928 635,090,270 CenturyLink, Inc........................ 2,353,137 87,466,102 # Frontier Communications Corp............ 2,065,295 13,868,456 #* Sprint Corp............................. 2,491,629 10,714,005 * T-Mobile US, Inc........................ 726,568 21,927,822 #* United States Cellular Corp............. 239,102 8,318,359 Windstream Holdings, Inc................ 500,429 3,978,410 --------------- Total Telecommunication Services............ 781,363,424 --------------- Utilities -- (0.3%) * Calpine Corp............................ 347,029 7,245,965 # NRG Energy, Inc......................... 1,581,268 38,994,069 UGI Corp................................ 161,702 5,981,357 --------------- Total Utilities............................. 52,221,391 --------------- TOTAL COMMON STOCKS......................... 17,941,494,440 --------------- RIGHTS/WARRANTS -- (0.0%)................... o* Safeway Casa Ley Contingent Value Rights................................ 196,076 198,998 o* Safeway PDC, LLC Contingent Value Rights................................ 196,076 9,568 1747 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- --------------- o* Sears Holdings Corporation Rights....... 1 $ -- TOTAL RIGHTS/WARRANTS....................... 208,566 --------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional Liquid Reserves, 0.089%...................... 60,748,355 60,748,355 --------------- SECURITIES LENDING COLLATERAL -- (4.0%) (S)@ DFA Short Term Investment Fund......... 64,291,839 743,856,578 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $12,922,273,395)^^................ $18,746,307,939 =============== 1748 THE U.S. LARGE CAP VALUE SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- ------------ ------- --------------- Common Stocks Consumer Discretionary.... $ 2,269,143,865 -- -- $ 2,269,143,865 Consumer Staples... 1,305,603,149 -- -- 1,305,603,149 Energy............. 3,403,149,081 -- -- 3,403,149,081 Financials......... 3,635,178,482 -- -- 3,635,178,482 Health Care........ 2,004,795,111 -- -- 2,004,795,111 Industrials........ 2,173,602,088 -- -- 2,173,602,088 Information Technology....... 1,699,173,327 -- -- 1,699,173,327 Materials.......... 617,264,522 -- -- 617,264,522 Telecommunication Services......... 781,363,424 -- -- 781,363,424 Utilities.......... 52,221,391 -- -- 52,221,391 Rights/Warrants....... -- $ 208,566 -- 208,566 Temporary Cash Investments......... 60,748,355 -- -- 60,748,355 Securities Lending Collateral.......... -- 743,856,578 -- 743,856,578 --------------- ------------ -- --------------- TOTAL................. $18,002,242,795 $744,065,144 -- $18,746,307,939 =============== ============ == =============== 1749 THE DFA INTERNATIONAL VALUE SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ------------ COMMON STOCKS -- (95.8%) AUSTRALIA -- (5.8%) * Alumina, Ltd....................................... 4,595,906 $ 6,879,211 * Alumina, Ltd. Sponsored ADR........................ 172,484 1,026,280 AMP, Ltd........................................... 510,725 2,277,637 Asciano, Ltd....................................... 4,216,676 19,631,755 ASX, Ltd........................................... 5,871 173,521 Bank of Queensland, Ltd............................ 871,759 8,444,581 # Bendigo and Adelaide Bank, Ltd..................... 826,382 8,558,042 BHP Billiton, Ltd.................................. 746,170 17,210,210 # BHP Billiton, Ltd. Sponsored ADR................... 361,840 16,764,047 * BlueScope Steel, Ltd............................... 855,334 3,313,564 Boral, Ltd......................................... 2,121,437 9,181,865 Caltex Australia, Ltd.............................. 18,966 490,845 Echo Entertainment Group, Ltd...................... 1,832,302 5,725,160 # Fortescue Metals Group, Ltd........................ 2,888,182 5,237,116 GrainCorp, Ltd. Class A............................ 108,524 749,094 # Harvey Norman Holdings, Ltd........................ 1,068,950 3,264,873 # Incitec Pivot, Ltd................................. 4,638,959 12,938,628 # Leighton Holdings, Ltd............................. 60,472 962,319 Lend Lease Group................................... 1,076,283 13,872,894 Macquarie Group, Ltd............................... 1,184,395 57,305,473 # Metcash, Ltd....................................... 599,500 676,765 National Australia Bank, Ltd....................... 2,399,516 66,174,867 New Hope Corp., Ltd................................ 55,578 101,261 * Newcrest Mining, Ltd............................... 2,245,441 24,245,058 Orica, Ltd......................................... 216,864 3,044,080 Origin Energy, Ltd................................. 2,407,598 19,867,063 # Primary Health Care, Ltd........................... 718,682 2,573,975 * Qantas Airways, Ltd................................ 3,218,770 6,486,053 QBE Insurance Group, Ltd........................... 2,266,393 18,579,605 Rio Tinto, Ltd..................................... 245,440 10,944,681 Santos, Ltd........................................ 4,404,343 26,813,736 # Seven Group Holdings, Ltd.......................... 361,999 1,434,819 # Sims Metal Management, Ltd......................... 209,772 1,764,817 Sims Metal Management, Ltd. Sponsored ADR.......... 124,013 1,037,245 Suncorp Group, Ltd................................. 3,736,013 42,567,325 Tabcorp Holdings, Ltd.............................. 2,121,674 7,499,149 Tatts Group, Ltd................................... 4,209,170 12,596,822 Toll Holdings, Ltd................................. 2,149,986 10,281,264 Treasury Wine Estates, Ltd......................... 1,372,955 5,219,739 Washington H Soul Pattinson & Co., Ltd............. 87,756 884,025 Wesfarmers, Ltd.................................... 2,171,552 73,350,365 # Woodside Petroleum, Ltd............................ 780,069 20,717,836 WorleyParsons, Ltd................................. 80,413 598,275 ------------ TOTAL AUSTRALIA........................................ 551,465,940 ------------ AUSTRIA -- (0.1%) Erste Group Bank AG................................ 358,601 7,763,419 OMV AG............................................. 93,780 2,331,451 1750 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ --------- ------------ AUSTRIA -- (Continued) # Raiffeisen Bank International AG................. 57,158 $ 667,896 ------------ TOTAL AUSTRIA........................................ 10,762,766 ------------ BELGIUM -- (1.3%) Ageas............................................ 594,176 20,346,860 Belgacom SA...................................... 93,033 3,464,942 Colruyt SA....................................... 1,956 90,217 Delhaize Group SA................................ 246,555 20,510,023 Delhaize Group SA Sponsored ADR.................. 211,600 4,378,004 * KBC Groep NV..................................... 354,770 19,081,314 Solvay SA........................................ 198,220 27,099,948 UCB SA........................................... 213,849 16,624,352 Umicore SA....................................... 187,273 7,843,184 ------------ TOTAL BELGIUM........................................ 119,438,844 ------------ CANADA -- (8.0%) Agnico Eagle Mines, Ltd.......................... 331,609 11,181,855 # Agrium, Inc...................................... 260,162 27,746,277 Bank of Montreal................................. 296,513 17,043,567 Barrick Gold Corp.(2024644)...................... 706,442 9,034,141 Barrick Gold Corp.(067901108).................... 3,305,368 42,242,603 #* BlackBerry, Ltd.(09228F103)...................... 477,288 4,844,473 #* BlackBerry, Ltd.(BCBHZ31)........................ 435,600 4,425,589 # Bonavista Energy Corp............................ 27,416 129,453 Cameco Corp.(13321L108).......................... 150,635 2,111,903 Cameco Corp.(2166160)............................ 506,586 7,128,164 Canadian Natural Resources, Ltd.(136385101)...... 900,321 26,055,290 Canadian Natural Resources, Ltd.(2171573)........ 1,849,320 53,615,290 Canadian Oil Sands, Ltd.......................... 78,900 487,420 # Canadian Tire Corp., Ltd. Class A................ 285,569 26,336,532 * Catamaran Corp................................... 90,547 4,519,201 # Cenovus Energy, Inc.............................. 591,014 11,164,254 Crescent Point Energy Corp.(22576C101)........... 99,393 2,359,590 # Crescent Point Energy Corp.(B67C8W8)............. 366,047 8,699,630 Eldorado Gold Corp.(2307873)..................... 881,059 4,229,527 Eldorado Gold Corp.(284902103)................... 109,318 522,540 Empire Co., Ltd.................................. 76,425 5,563,321 Enbridge Income Fund Holdings, Inc............... 34,200 1,108,062 # Encana Corp...................................... 1,622,847 19,863,647 Enerplus Corp.(292766102)........................ 129,489 1,268,992 # Enerplus Corp.(B584T89).......................... 291,127 2,824,896 Ensign Energy Services, Inc...................... 452,198 3,135,173 Fairfax Financial Holdings, Ltd.................. 57,761 30,682,832 First Quantum Minerals, Ltd...................... 1,695,455 15,464,170 # Genworth MI Canada, Inc.......................... 112,861 2,808,424 George Weston, Ltd............................... 78,313 6,207,354 Goldcorp, Inc.(380956409)........................ 3,218 77,329 # Goldcorp, Inc.(2676302).......................... 668,943 16,156,340 # Husky Energy, Inc................................ 857,666 18,460,034 # Industrial Alliance Insurance & Financial Services, Inc.................................. 239,036 7,611,078 * Kinross Gold Corp................................ 3,868,295 13,120,604 # Loblaw Cos., Ltd................................. 40,951 2,034,498 1751 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ --------- ------------ CANADA -- (Continued) * Lundin Mining Corp............................... 774,699 $ 2,755,678 Magna International, Inc......................... 284,118 27,298,313 Manulife Financial Corp.(56501R106).............. 102,299 1,644,968 # Manulife Financial Corp.(2492519)................ 3,287,435 52,725,211 Maple Leaf Foods, Inc............................ 62,100 995,985 #* MEG Energy Corp.................................. 108,047 1,647,872 * New Gold, Inc.................................... 454,500 1,992,260 Osisko Gold Royalties, Ltd....................... 600 8,070 # Pacific Rubiales Energy Corp..................... 892,124 2,071,115 Pan American Silver Corp......................... 16,837 197,163 # Pengrowth Energy Corp............................ 745,097 1,993,649 # Penn West Petroleum, Ltd......................... 1,034,275 1,562,767 Precision Drilling Corp.(B5YPLH9)................ 793,285 4,051,641 Precision Drilling Corp.(74022D308).............. 14,251 72,680 # Sun Life Financial, Inc.......................... 1,214,527 37,142,141 Suncor Energy, Inc.(B3NB1P2)..................... 3,750,370 111,858,836 Suncor Energy, Inc.(867224107)................... 73,439 2,189,217 Talisman Energy, Inc.(2068299)................... 3,783,418 28,523,762 Talisman Energy, Inc.(87425E103)................. 118,049 887,728 Teck Resources, Ltd. Class A..................... 4,115 61,821 # Teck Resources, Ltd. Class B..................... 1,123,435 14,543,563 # Thomson Reuters Corp............................. 740,465 28,413,531 TMX Group, Ltd................................... 9,500 351,904 # TransAlta Corp.(2901628)......................... 822,852 7,200,845 TransAlta Corp.(89346D107)....................... 18,490 161,418 * Turquoise Hill Resources, Ltd.(900435108)........ 127,382 366,860 * Turquoise Hill Resources, Ltd.(B7WJ1F5).......... 756,677 2,197,323 West Fraser Timber Co., Ltd...................... 50,666 2,909,896 Westjet Airlines, Ltd............................ 1,000 24,018 # Whitecap Resources, Inc.......................... 248,425 2,426,186 WSP Global, Inc.................................. 73,238 1,980,948 Yamana Gold, Inc................................. 1,426,728 5,905,871 ------------ TOTAL CANADA......................................... 756,427,293 ------------ DENMARK -- (1.4%) AP Moeller--Maersk A.S. Class A.................. 6,630 12,974,160 AP Moeller--Maersk A.S. Class B.................. 19,275 38,949,939 Carlsberg A.S. Class B........................... 334,440 24,558,105 Danske Bank A.S.................................. 618,288 16,002,758 H Lundbeck A.S................................... 135,698 2,755,968 * Jyske Bank A.S................................... 103,976 4,706,292 TDC A.S.......................................... 2,749,229 20,346,479 * Vestas Wind Systems A.S.......................... 225,336 8,755,117 ------------ TOTAL DENMARK........................................ 129,048,818 ------------ FINLAND -- (0.8%) Fortum Oyj....................................... 1,444,065 30,802,983 Kesko Oyj Class A................................ 662 23,122 Kesko Oyj Class B................................ 138,917 5,076,359 Neste Oil Oyj.................................... 270,610 7,525,234 Stora Enso Oyj Class R........................... 1,691,951 16,416,027 Stora Enso Oyj Sponsored ADR..................... 91,500 888,465 1752 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ --------- ------------ FINLAND -- (Continued) UPM-Kymmene Oyj.................................... 857,615 $ 15,074,620 UPM-Kymmene Oyj Sponsored ADR...................... 69,300 1,216,908 ------------ TOTAL FINLAND.......................................... 77,023,718 ------------ FRANCE -- (8.3%) AXA SA............................................. 4,004,754 93,678,971 AXA SA Sponsored ADR............................... 140,900 3,315,377 BNP Paribas SA..................................... 783,124 41,118,203 * Bollore SA(BQR9N80)................................ 10,000 41,810 Bollore SA(4572709)................................ 2,053,586 8,838,389 Bouygues SA........................................ 709,374 25,278,568 Cap Gemini SA...................................... 92,794 6,734,995 Casino Guichard Perrachon SA....................... 178,667 16,209,097 #* CGG SA Sponsored ADR............................... 128,590 721,390 Cie de Saint-Gobain................................ 1,278,722 54,474,425 Cie Generale des Etablissements Michelin........... 358,828 34,943,372 CNP Assurances..................................... 408,378 7,169,270 Credit Agricole SA................................. 858,491 10,181,415 Eiffage SA......................................... 46,924 2,284,622 Electricite de France SA........................... 507,407 13,755,274 GDF Suez........................................... 3,247,971 72,034,721 Groupe Eurotunnel SE............................... 377,366 5,066,778 Lafarge SA......................................... 519,321 35,581,622 Lagardere SCA...................................... 221,491 6,058,002 Natixis SA......................................... 2,133,151 13,566,794 Orange SA.......................................... 3,989,277 70,183,635 * Peugeot SA......................................... 1,247,729 17,985,278 Renault SA......................................... 759,515 58,046,967 Rexel SA........................................... 568,634 10,624,195 SCOR SE............................................ 315,089 9,808,697 Societe Generale SA................................ 1,060,580 42,588,977 STMicroelectronics NV.............................. 1,904,563 15,814,278 Total SA........................................... 718,974 36,905,340 Vallourec SA....................................... 290,641 6,306,034 Vivendi SA......................................... 2,935,239 69,410,746 ------------ TOTAL FRANCE........................................... 788,727,242 ------------ GERMANY -- (7.6%) Allianz SE......................................... 768,935 126,790,708 # Allianz SE ADR..................................... 2,811,910 46,396,515 Bayerische Motoren Werke AG........................ 829,743 96,491,303 Celesio AG......................................... 108,168 3,204,291 * Commerzbank AG..................................... 1,603,495 19,224,775 Daimler AG......................................... 2,214,556 200,560,781 # Deutsche Bank AG(D18190898)........................ 464,576 13,463,412 Deutsche Bank AG(5750355).......................... 791,806 22,984,257 Deutsche Lufthansa AG.............................. 895,598 15,148,100 Deutsche Telekom AG Sponsored ADR.................. 628 10,802 E.ON SE............................................ 2,493,630 38,601,224 Fraport AG Frankfurt Airport Services Worldwide.... 81,872 5,002,593 Hannover Rueck SE.................................. 47,074 4,219,116 HeidelbergCement AG................................ 392,698 28,878,673 1753 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ GERMANY -- (Continued) K+S AG........................................... 444,055 $ 14,020,237 * Metro AG......................................... 185,805 5,717,494 Muenchener Rueckversicherungs-Gesellschaft AG.... 273,971 54,926,148 * Osram Licht AG................................... 7,353 338,004 * Talanx AG........................................ 88,898 2,707,502 Telefonica Deutschland Holding AG................ 1,030,206 5,715,355 Volkswagen AG.................................... 73,902 16,408,165 ------------ TOTAL GERMANY........................................ 720,809,455 ------------ HONG KONG -- (3.1%) Cathay Pacific Airways, Ltd...................... 4,437,000 10,317,734 Cheung Kong Holdings, Ltd........................ 706,000 13,472,440 * FIH Mobile, Ltd.................................. 2,003,000 891,030 Great Eagle Holdings, Ltd........................ 678,324 2,258,776 Guoco Group, Ltd................................. 12,000 141,563 Hang Lung Group, Ltd............................. 589,000 2,808,779 Hang Lung Properties, Ltd........................ 674,000 1,973,101 Henderson Land Development Co., Ltd.............. 2,750,177 19,693,976 Hongkong & Shanghai Hotels (The)................. 1,690,631 2,418,675 Hopewell Holdings, Ltd........................... 1,244,169 4,662,665 Hutchison Whampoa, Ltd........................... 5,076,000 67,176,617 Kerry Logistics Network, Ltd..................... 325,000 495,704 Kerry Properties, Ltd............................ 1,777,000 6,313,405 MTR Corp., Ltd................................... 1,136,426 5,034,402 New World Development Co., Ltd................... 22,810,543 27,254,563 Orient Overseas International, Ltd............... 709,500 4,623,795 Shangri-La Asia, Ltd............................. 2,604,000 3,373,611 Sino Land Co., Ltd............................... 4,993,765 8,376,769 Sun Hung Kai Properties, Ltd..................... 2,883,920 46,853,888 Swire Pacific, Ltd. Class A...................... 1,011,500 13,545,576 Swire Pacific, Ltd. Class B...................... 312,500 763,426 Wharf Holdings, Ltd. (The)....................... 3,706,990 30,150,330 Wheelock & Co., Ltd.............................. 3,670,000 20,811,294 ------------ TOTAL HONG KONG...................................... 293,412,119 ------------ IRELAND -- (0.2%) * Bank of Ireland.................................. 30,521,940 9,186,147 CRH P.L.C........................................ 295,666 7,133,137 CRH P.L.C. Sponsored ADR......................... 215,216 5,195,314 ------------ TOTAL IRELAND........................................ 21,514,598 ------------ ISRAEL -- (0.3%) Azrieli Group.................................... 11,195 386,202 Bank Hapoalim BM................................. 3,220,797 14,306,947 * Bank Leumi Le-Israel BM.......................... 3,225,754 10,754,341 Elbit Systems, Ltd.(M3760D101)................... 1,501 92,747 Elbit Systems, Ltd.(6308913)..................... 323 19,860 * Israel Discount Bank, Ltd. Class A............... 832,836 1,301,217 Migdal Insurance & Financial Holding, Ltd........ 10,788 12,844 * Mizrahi Tefahot Bank, Ltd........................ 210,410 2,296,134 1754 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ ISRAEL -- (Continued) Teva Pharmaceutical Industries, Ltd. Sponsored ADR........................................... 13,324 $ 757,603 ------------ TOTAL ISRAEL......................................... 29,927,895 ------------ ITALY -- (1.7%) * Banca Monte dei Paschi di Siena SpA.............. 5,536,180 2,502,903 * Banco Popolare SC................................ 666,220 8,407,560 Eni SpA.......................................... 547,496 9,213,578 * Finmeccanica SpA................................. 185,045 2,020,981 Intesa Sanpaolo SpA.............................. 10,630,153 31,085,326 Mediobanca SpA................................... 1,909,740 16,542,572 * Telecom Italia SpA............................... 2,527,950 2,937,393 #* Telecom Italia SpA Sponsored ADR................. 1,874,500 21,556,750 UniCredit SpA.................................... 6,940,290 40,914,793 Unione di Banche Italiane SCPA................... 3,582,791 24,643,520 ------------ TOTAL ITALY.......................................... 159,825,376 ------------ JAPAN -- (20.8%) 77 Bank, Ltd. (The).............................. 529,372 2,927,667 # Aeon Co., Ltd.................................... 2,819,200 29,776,763 Aisin Seiki Co., Ltd............................. 642,200 22,435,650 Alfresa Holdings Corp............................ 386,000 4,576,350 Amada Co., Ltd................................... 563,600 5,136,667 Aoyama Trading Co., Ltd.......................... 20,400 685,631 Asahi Glass Co., Ltd............................. 2,489,000 13,241,438 Asahi Kasei Corp................................. 4,700,000 46,417,476 Autobacs Seven Co., Ltd.......................... 199,700 2,923,726 Awa Bank, Ltd. (The)............................. 65,600 353,543 Bank of Kyoto, Ltd. (The)........................ 709,400 5,947,388 Bank of Yokohama, Ltd. (The)..................... 2,785,000 15,027,478 Canon Marketing Japan, Inc....................... 136,100 2,473,082 Chiba Bank, Ltd. (The)........................... 1,204,000 8,113,961 Chugoku Bank, Ltd. (The)......................... 310,800 4,421,063 Citizen Holdings Co., Ltd........................ 689,600 5,504,470 # Coca-Cola East Japan Co., Ltd.................... 42,400 705,958 Coca-Cola West Co., Ltd.......................... 159,107 2,275,750 # Cosmo Oil Co., Ltd............................... 1,287,364 1,735,731 Dai Nippon Printing Co., Ltd..................... 1,335,000 12,006,187 Dai-ichi Life Insurance Co., Ltd. (The).......... 1,110,400 14,876,705 Daicel Corp...................................... 240,700 2,992,655 Daido Steel Co., Ltd............................. 675,000 2,643,901 # Daihatsu Motor Co., Ltd.......................... 315,700 4,402,270 Daiichi Sankyo Co., Ltd.......................... 610,000 8,849,488 Denki Kagaku Kogyo K.K........................... 992,000 3,908,594 DIC Corp......................................... 1,508,000 3,733,512 Ebara Corp....................................... 633,000 2,434,776 Fuji Media Holdings, Inc......................... 74,400 935,239 FUJIFILM Holdings Corp........................... 838,600 28,342,742 Fukuoka Financial Group, Inc..................... 1,218,000 6,078,754 # Fukuyama Transporting Co., Ltd................... 85,000 475,281 # Furukawa Electric Co., Ltd....................... 633,000 1,052,987 Glory, Ltd....................................... 185,800 4,869,167 Gunma Bank, Ltd. (The)........................... 650,397 4,276,376 1755 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) H2O Retailing Corp................................. 198,900 $ 3,513,213 Hachijuni Bank, Ltd. (The)......................... 620,231 4,087,308 Hankyu Hanshin Holdings, Inc....................... 1,876,000 10,427,622 Higo Bank, Ltd. (The).............................. 282,000 1,529,171 Hiroshima Bank, Ltd. (The)......................... 1,041,000 5,178,124 # Hitachi Capital Corp............................... 47,000 924,054 Hitachi Chemical Co., Ltd.......................... 234,500 4,717,707 Hitachi Construction Machinery Co., Ltd............ 322,800 5,967,789 Hitachi High-Technologies Corp..................... 30,300 941,267 Hitachi Transport System, Ltd...................... 105,000 1,373,656 Hokuhoku Financial Group, Inc...................... 1,919,000 3,954,403 Honda Motor Co., Ltd............................... 2,839,900 85,693,275 # House Foods Group, Inc............................. 111,600 2,232,713 Ibiden Co., Ltd.................................... 459,900 6,913,837 Idemitsu Kosan Co., Ltd............................ 337,596 5,635,115 Iida Group Holdings Co., Ltd....................... 108,600 1,350,725 Inpex Corp......................................... 1,335,200 14,775,797 Isetan Mitsukoshi Holdings, Ltd.................... 550,400 7,804,277 ITOCHU Corp........................................ 3,608,800 36,540,736 Iyo Bank, Ltd. (The)............................... 476,000 5,492,629 J Front Retailing Co., Ltd......................... 894,300 11,396,267 JFE Holdings, Inc.................................. 1,259,700 27,747,861 Joyo Bank, Ltd. (The).............................. 1,307,000 6,569,249 JTEKT Corp......................................... 49,900 822,958 JX Holdings, Inc................................... 6,026,333 22,238,561 # K's Holdings Corp.................................. 77,800 2,284,975 Kagoshima Bank, Ltd. (The)......................... 358,143 2,241,018 Kajima Corp........................................ 1,305,000 5,163,261 Kamigumi Co., Ltd.................................. 442,000 4,416,924 Kaneka Corp........................................ 1,045,542 6,381,560 Kawasaki Kisen Kaisha, Ltd......................... 3,579,000 10,244,763 Keiyo Bank, Ltd. (The)............................. 418,000 2,280,519 Kewpie Corp........................................ 47,400 1,100,541 Kinden Corp........................................ 207,000 2,451,963 Kirin Holdings Co., Ltd............................ 341,000 4,591,296 Kobe Steel, Ltd.................................... 12,790,000 22,431,212 Konica Minolta, Inc................................ 1,762,300 19,393,071 Kuraray Co., Ltd................................... 1,109,700 13,934,370 Kurita Water Industries, Ltd....................... 13,500 287,597 Kyocera Corp....................................... 229,500 10,101,364 Kyocera Corp. Sponsored ADR........................ 25,197 1,101,613 Kyowa Hakko Kirin Co., Ltd......................... 391,000 4,452,515 Lintec Corp........................................ 5,100 112,227 LIXIL Group Corp................................... 459,700 8,956,820 Maeda Road Construction Co., Ltd................... 36,000 568,103 Marubeni Corp...................................... 2,982,600 16,463,161 Marui Group Co., Ltd............................... 386,642 4,018,985 Maruichi Steel Tube, Ltd........................... 74,700 1,766,410 Matsumotokiyoshi Holdings Co., Ltd................. 5,000 164,777 Medipal Holdings Corp.............................. 367,600 4,288,896 Mitsubishi Chemical Holdings Corp.................. 6,096,500 31,597,125 Mitsubishi Corp.................................... 1,045,900 18,245,934 Mitsubishi Gas Chemical Co., Inc................... 609,000 2,753,503 1756 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ JAPAN -- (Continued) Mitsubishi Logistics Corp.......................... 5,000 $ 74,361 # Mitsubishi Materials Corp.......................... 4,804,000 15,148,750 Mitsubishi Tanabe Pharma Corp...................... 167,800 2,652,757 Mitsubishi UFJ Financial Group, Inc................ 21,459,506 114,041,508 # Mitsubishi UFJ Financial Group, Inc. ADR........... 4,781,372 25,341,272 Mitsui & Co., Ltd.................................. 1,339,800 17,048,620 Mitsui & Co., Ltd. Sponsored ADR................... 11,723 2,977,642 Mitsui Chemicals, Inc.............................. 3,169,800 9,274,739 Mitsui Engineering & Shipbuilding Co., Ltd......... 1,497,000 2,433,818 Mitsui Mining & Smelting Co., Ltd.................. 69,030 144,147 # Mitsui OSK Lines, Ltd.............................. 3,362,000 11,349,972 Mizuho Financial Group, Inc........................ 51,633,200 84,426,366 Mizuho Financial Group, Inc. ADR................... 205,757 662,538 MS&AD Insurance Group Holdings..................... 481,553 11,708,574 Nagase & Co., Ltd.................................. 235,889 2,932,497 Nanto Bank, Ltd. (The)............................. 71,000 238,023 NEC Corp........................................... 10,559,101 29,825,803 NH Foods, Ltd...................................... 429,536 10,619,037 NHK Spring Co., Ltd................................ 472,100 4,258,257 # Nikon Corp......................................... 779,200 9,886,724 Nippo Corp......................................... 148,000 2,301,322 # Nippon Electric Glass Co., Ltd..................... 633,000 3,266,933 Nippon Express Co., Ltd............................ 3,154,238 18,401,207 Nippon Paper Industries Co., Ltd................... 334,100 5,268,448 Nippon Shokubai Co., Ltd........................... 308,000 4,137,208 # Nippon Steel & Sumitomo Metal Corp................. 19,063,940 44,558,013 Nippon Yusen K.K................................... 7,040,000 20,930,691 Nishi-Nippon City Bank, Ltd. (The)................. 1,412,569 4,587,116 Nissan Motor Co., Ltd.............................. 5,844,900 49,840,731 Nisshin Seifun Group, Inc.......................... 361,018 4,440,065 Nisshinbo Holdings, Inc............................ 305,000 3,427,343 # NOK Corp........................................... 196,420 5,650,093 Nomura Holdings, Inc............................... 1,414,000 7,517,741 Nomura Real Estate Holdings, Inc................... 166,300 2,798,293 NTN Corp........................................... 1,550,000 6,633,563 NTT DOCOMO, Inc.................................... 3,091,700 52,191,929 NTT DOCOMO, Inc. Sponsored ADR..................... 6,118 103,272 Obayashi Corp...................................... 355,682 2,251,548 Oji Holdings Corp.................................. 3,392,000 12,786,018 Otsuka Holdings Co., Ltd........................... 204,000 6,311,568 Resona Holdings, Inc............................... 3,227,600 16,012,800 Ricoh Co., Ltd..................................... 3,215,400 31,367,427 Rohm Co., Ltd...................................... 220,700 14,189,213 Sankyo Co., Ltd.................................... 82,500 2,965,056 SBI Holdings, Inc.................................. 311,800 3,331,764 Sega Sammy Holdings, Inc........................... 103,400 1,346,495 Seino Holdings Co., Ltd............................ 315,000 3,427,616 Sekisui Chemical Co., Ltd.......................... 125,000 1,367,094 # Sekisui House, Ltd................................. 2,117,600 27,383,789 Shiga Bank, Ltd. (The)............................. 451,185 2,516,730 # Shinsei Bank, Ltd.................................. 1,911,000 3,463,732 Shizuoka Bank, Ltd. (The).......................... 998,000 9,119,439 Showa Denko K.K.................................... 5,905,000 7,547,040 1757 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ --------- -------------- JAPAN -- (Continued) # Showa Shell Sekiyu K.K............................ 231,300 $ 2,257,384 SKY Perfect JSAT Holdings, Inc.................... 524,100 3,173,884 Sohgo Security Services Co., Ltd.................. 37,300 954,669 # Sojitz Corp....................................... 1,906,800 2,464,738 Sompo Japan Nipponkoa Holdings, Inc............... 373,700 10,369,056 Sony Corp......................................... 543,800 12,790,762 # Sony Corp. Sponsored ADR.......................... 1,493,847 34,791,697 Sumitomo Chemical Co., Ltd........................ 6,747,000 26,544,726 Sumitomo Corp..................................... 852,600 8,413,757 Sumitomo Dainippon Pharma Co., Ltd................ 75,200 790,513 Sumitomo Electric Industries, Ltd................. 2,774,300 35,748,742 Sumitomo Forestry Co., Ltd........................ 493,000 4,585,384 Sumitomo Heavy Industries, Ltd.................... 1,646,000 8,907,175 Sumitomo Metal Mining Co., Ltd.................... 794,000 11,347,908 Sumitomo Mitsui Financial Group, Inc.............. 2,728,500 91,559,818 Sumitomo Mitsui Trust Holdings, Inc............... 4,217,629 14,831,400 Sumitomo Osaka Cement Co., Ltd.................... 196,000 569,939 Sumitomo Rubber Industries, Ltd................... 417,600 6,493,881 Suzuken Co., Ltd.................................. 119,500 3,366,607 Suzuki Motor Corp................................. 493,900 15,617,197 T&D Holdings, Inc................................. 2,073,500 23,350,901 Taisho Pharmaceutical Holdings Co., Ltd........... 49,199 3,121,639 Takashimaya Co., Ltd.............................. 753,634 6,610,190 TDK Corp.......................................... 530,100 33,036,688 Teijin, Ltd....................................... 3,936,450 11,726,072 Tokai Rika Co., Ltd............................... 165,500 3,407,979 Tokio Marine Holdings, Inc........................ 692,300 24,169,709 Tokyo Broadcasting System Holdings, Inc........... 85,300 973,547 Toppan Printing Co., Ltd.......................... 1,032,000 6,893,823 Toshiba TEC Corp.................................. 36,000 222,075 Tosoh Corp........................................ 1,671,000 9,008,123 Toyo Seikan Group Holdings, Ltd................... 284,849 3,654,647 Toyobo Co., Ltd................................... 664,000 893,038 Toyoda Gosei Co., Ltd............................. 203,600 4,485,208 # Toyota Boshoku Corp............................... 156,600 2,067,265 # Toyota Tsusho Corp................................ 890,000 21,077,455 # Ube Industries, Ltd............................... 3,078,000 4,609,783 # Ushio, Inc........................................ 44,200 512,063 Wacoal Holdings Corp.............................. 179,000 1,774,230 # Yamada Denki Co., Ltd............................. 1,608,100 5,974,303 Yamaguchi Financial Group, Inc.................... 510,148 5,307,563 Yamaha Corp....................................... 423,000 6,160,098 Yamato Kogyo Co., Ltd............................. 62,200 1,600,772 Yamazaki Baking Co., Ltd.......................... 341,000 5,020,550 Yokohama Rubber Co., Ltd. (The)................... 406,000 3,819,634 -------------- TOTAL JAPAN........................................... 1,977,724,537 -------------- NETHERLANDS -- (2.6%) Aegon NV.......................................... 2,915,542 20,778,671 Akzo Nobel NV..................................... 31,747 2,287,092 # ArcelorMittal(B03XPL1)............................ 3,474,174 33,191,184 # ArcelorMittal(B295F26)............................ 638,488 6,155,024 Boskalis Westminster NV........................... 170,874 7,554,086 1758 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ NETHERLANDS -- (Continued) * ING Groep NV..................................... 6,479,202 $ 80,552,039 #* ING Groep NV Sponsored ADR....................... 1,297,167 16,136,758 Koninklijke Ahold NV............................. 246,583 4,450,440 Koninklijke DSM NV............................... 654,058 34,691,747 Koninklijke KPN NV............................... 3,251,631 10,035,771 Koninklijke Philips NV........................... 1,159,088 31,961,692 TNT Express NV................................... 72,118 471,675 ------------ TOTAL NETHERLANDS.................................... 248,266,179 ------------ NEW ZEALAND -- (0.1%) Auckland International Airport, Ltd.............. 726,822 2,350,736 Contact Energy, Ltd.............................. 1,292,916 6,635,477 Fletcher Building, Ltd........................... 272,978 1,658,278 ------------ TOTAL NEW ZEALAND.................................... 10,644,491 ------------ NORWAY -- (0.8%) Aker ASA Class A................................. 67,111 1,433,392 DNB ASA.......................................... 1,389,354 20,129,798 Norsk Hydro ASA.................................. 1,614,075 9,485,498 Norsk Hydro ASA Sponsored ADR.................... 59,900 354,009 # Seadrill, Ltd.................................... 389,333 4,181,436 SpareBank 1 SR Bank ASA.......................... 35,893 225,391 Statoil ASA...................................... 990,235 16,582,752 # Statoil ASA Sponsored ADR........................ 449,714 7,555,195 * Storebrand ASA................................... 777,915 2,351,623 Subsea 7 SA...................................... 669,306 5,693,468 Yara International ASA........................... 201,845 10,508,523 ------------ TOTAL NORWAY......................................... 78,501,085 ------------ PORTUGAL -- (0.0%) #* Banco Comercial Portugues SA..................... 6,525,893 459,593 * Banco Espirito Santo SA.......................... 2,631,973 -- EDP Renovaveis SA................................ 541,158 3,617,389 ------------ TOTAL PORTUGAL....................................... 4,076,982 ------------ SINGAPORE -- (1.3%) CapitaLand, Ltd.................................. 3,546,600 9,102,603 City Developments, Ltd........................... 555,000 4,113,644 DBS Group Holdings, Ltd.......................... 2,067,587 30,144,628 Golden Agri-Resources, Ltd....................... 15,835,000 4,912,069 GuocoLand, Ltd................................... 9,000 11,949 # Hutchison Port Holdings Trust.................... 10,411,000 7,423,647 Keppel Land, Ltd................................. 1,797,000 6,026,171 #* Neptune Orient Lines, Ltd........................ 1,388,004 1,034,550 Noble Group, Ltd................................. 12,863,000 10,062,017 Olam International, Ltd.......................... 281,000 409,104 # OUE, Ltd......................................... 405,000 657,727 Singapore Airlines, Ltd.......................... 2,371,600 22,151,980 United Industrial Corp., Ltd..................... 2,016,166 5,249,746 UOL Group, Ltd................................... 1,001,864 5,331,782 Venture Corp., Ltd............................... 368,400 2,212,246 Wheelock Properties Singapore, Ltd............... 861,000 1,193,755 1759 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ SINGAPORE -- (Continued) Wilmar International, Ltd........................ 4,154,000 $ 9,858,233 ------------ TOTAL SINGAPORE...................................... 119,895,851 ------------ SPAIN -- (2.5%) * Acciona SA....................................... 101,533 7,257,973 Banco de Sabadell SA............................. 16,018,603 40,480,371 * Banco Popular.................................... 15,223 64,576 Banco Popular Espanol SA......................... 3,593,049 15,187,656 Banco Santander SA............................... 3,479,769 23,405,163 Banco Santander SA Sponsored ADR................. 743,495 4,973,981 CaixaBank SA..................................... 2,227,101 9,700,680 Iberdrola SA..................................... 14,302,198 98,719,826 Mapfre SA........................................ 2,258,646 7,603,407 Repsol SA........................................ 1,624,952 28,785,631 ------------ TOTAL SPAIN.......................................... 236,179,264 ------------ SWEDEN -- (3.2%) Boliden AB....................................... 1,081,129 16,889,104 Holmen AB Class A................................ 5,131 185,584 Holmen AB Class B................................ 26,875 969,677 ICA Gruppen AB................................... 2,667 102,470 Meda AB Class A.................................. 308,435 4,344,020 Nordea Bank AB................................... 3,699,255 46,964,864 Skandinaviska Enskilda Banken AB Class A......... 3,767,728 45,369,454 # Skandinaviska Enskilda Banken AB Class C......... 22,560 280,627 #* SSAB AB Class A.................................. 181,327 880,595 * SSAB AB Class B.................................. 77,575 333,853 Svenska Cellulosa AB Class A..................... 69,959 1,689,096 Svenska Cellulosa AB Class B..................... 2,234,256 53,854,757 Svenska Handelsbanken AB Class A................. 391,721 18,549,536 Svenska Handelsbanken AB Class B................. 3,295 153,583 Swedbank AB Class A.............................. 674,237 16,310,362 Tele2 AB Class B................................. 740,123 8,372,840 Telefonaktiebolaget LM Ericsson Class A.......... 28,098 328,744 Telefonaktiebolaget LM Ericsson Class B.......... 4,879,427 59,159,419 # Telefonaktiebolaget LM Ericsson Sponsored ADR.... 952,162 11,549,725 TeliaSonera AB................................... 3,717,354 22,905,443 ------------ TOTAL SWEDEN......................................... 309,193,753 ------------ SWITZERLAND -- (10.1%) ABB, Ltd......................................... 3,506,609 67,418,797 # ABB, Ltd. Sponsored ADR.......................... 98,484 1,884,984 Adecco SA........................................ 571,300 42,678,122 Aryzta AG........................................ 244,085 18,298,902 Baloise Holding AG............................... 200,163 26,054,657 Banque Cantonale Vaudoise........................ 468 273,060 Cie Financiere Richemont SA...................... 444,778 36,951,308 Clariant AG...................................... 951,816 15,292,132 Credit Suisse Group AG........................... 290,425 6,115,143 # Credit Suisse Group AG Sponsored ADR............. 849,993 17,883,853 * Dufry AG......................................... 7,921 1,163,613 Givaudan SA...................................... 5,469 9,969,030 1760 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ SWITZERLAND -- (Continued) Holcim, Ltd........................................ 887,877 $ 62,074,035 Julius Baer Group, Ltd............................. 245,755 9,998,327 Lonza Group AG..................................... 162,986 19,303,444 Novartis AG........................................ 2,434,443 237,243,091 Novartis AG ADR.................................... 681,571 66,385,015 Sulzer AG.......................................... 50,596 5,357,116 Swatch Group AG (The).............................. 44,280 3,255,119 Swiss Life Holding AG.............................. 75,209 16,783,150 Swiss Re AG........................................ 1,091,315 98,444,682 Syngenta AG........................................ 64,012 20,850,866 UBS Group AG(BRJL176).............................. 3,486,465 58,436,829 * UBS Group AG(H42097107)............................ 500,015 8,340,250 Zurich Insurance Group AG.......................... 333,311 110,518,657 ------------ TOTAL SWITZERLAND...................................... 960,974,182 ------------ UNITED KINGDOM -- (15.8%) Anglo American P.L.C............................... 3,418,604 57,103,048 Barclays P.L.C..................................... 26,480 92,998 Barclays P.L.C. Sponsored ADR...................... 4,944,879 69,426,101 Barratt Developments P.L.C......................... 1,006,942 6,931,262 BP P.L.C........................................... 1,912,816 12,287,991 BP P.L.C. Sponsored ADR............................ 7,651,020 297,089,106 Carnival P.L.C..................................... 569,266 25,486,688 # Carnival P.L.C. ADR................................ 206,977 9,222,895 Friends Life Group, Ltd............................ 3,422,696 20,467,296 Glencore P.L.C..................................... 9,442,477 35,207,040 HSBC Holdings P.L.C................................ 9,576,787 87,619,995 HSBC Holdings P.L.C. Sponsored ADR................. 2,106,497 96,309,042 Investec P.L.C..................................... 1,195,168 10,042,081 # J Sainsbury P.L.C.................................. 5,377,115 20,605,161 Kingfisher P.L.C................................... 7,866,494 40,466,528 * Lloyds Banking Group P.L.C......................... 52,196,847 57,824,391 * Lloyds Banking Group P.L.C. ADR.................... 1,528,251 6,709,022 Old Mutual P.L.C................................... 9,672,569 30,177,153 # Pearson P.L.C. Sponsored ADR....................... 1,179,255 23,891,706 * Royal Bank of Scotland Group P.L.C................. 3,666,673 19,909,015 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR.............................................. 400,166 4,345,803 # Royal Dutch Shell P.L.C.(B03MM73).................. 3,323,210 212,652,208 Royal Dutch Shell P.L.C.(B03MLX2).................. 578,802 17,639,316 Royal Dutch Shell P.L.C.(B03MM40).................. 255,146 8,077,913 Royal Dutch Shell P.L.C. ADR....................... 755,142 46,403,476 * RSA Insurance Group P.L.C.......................... 1,030,609 7,032,648 Standard Chartered P.L.C........................... 4,120,837 54,950,897 Vedanta Resources P.L.C............................ 64,463 360,220 Vodafone Group P.L.C............................... 30,735,167 108,079,533 Vodafone Group P.L.C. Sponsored ADR................ 2,488,357 87,415,991 1761 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- -------------- UNITED KINGDOM -- (Continued) WM Morrison Supermarkets P.L.C................ 9,456,529 $ 25,514,875 -------------- TOTAL UNITED KINGDOM................................ 1,499,341,399 -------------- TOTAL COMMON STOCKS................................. 9,103,181,787 -------------- PREFERRED STOCKS -- (0.2%) GERMANY -- (0.2%) Porsche Automobil Holding SE.................. 254,382 21,317,902 -------------- RIGHTS/WARRANTS -- (0.0%) SPAIN -- (0.0%) * Banco Santander SA............................ 3,479,768 532,706 -------------- SECURITIES LENDING COLLATERAL -- (4.0%) (S)@ DFA Short Term Investment Fund................ 33,040,228 382,275,441 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $8,890,559,483)^^........................... $9,507,307,836 ============== 1762 THE DFA INTERNATIONAL VALUE SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- -------------- ------- -------------- Common Stocks Australia............. $ 18,827,572 $ 532,638,368 -- $ 551,465,940 Austria............... -- 10,762,766 -- 10,762,766 Belgium............... 4,378,004 115,060,840 -- 119,438,844 Canada................ 756,427,293 -- -- 756,427,293 Denmark............... -- 129,048,818 -- 129,048,818 Finland............... 2,105,373 74,918,345 -- 77,023,718 France................ 4,078,577 784,648,665 -- 788,727,242 Germany............... 59,870,729 660,938,726 -- 720,809,455 Hong Kong............. -- 293,412,119 -- 293,412,119 Ireland............... 5,195,314 16,319,284 -- 21,514,598 Israel................ 850,350 29,077,545 -- 29,927,895 Italy................. 21,556,750 138,268,626 -- 159,825,376 Japan................. 64,978,034 1,912,746,503 -- 1,977,724,537 Netherlands........... 22,291,782 225,974,397 -- 248,266,179 New Zealand........... -- 10,644,491 -- 10,644,491 Norway................ 12,090,640 66,410,445 -- 78,501,085 Portugal.............. -- 4,076,982 -- 4,076,982 Singapore............. -- 119,895,851 -- 119,895,851 Spain................. 4,973,981 231,205,283 -- 236,179,264 Sweden................ 11,549,725 297,644,028 -- 309,193,753 Switzerland........... 152,930,931 808,043,251 -- 960,974,182 United Kingdom........ 853,465,350 645,876,049 -- 1,499,341,399 Preferred Stocks Germany............... -- 21,317,902 -- 21,317,902 Rights/Warrants Spain................. -- 532,706 -- 532,706 Securities Lending Collateral............ -- 382,275,441 -- 382,275,441 -------------- -------------- -- -------------- TOTAL.................... $1,995,570,405 $7,511,737,431 -- $9,507,307,836 ============== ============== == ============== 1763 THE JAPANESE SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ----------- COMMON STOCKS -- (88.8%) Consumer Discretionary -- (18.2%) Accordia Golf Co., Ltd............................. 360,489 $ 3,670,724 # Adastria Holdings Co., Ltd......................... 96,320 2,537,001 # Aeon Fantasy Co., Ltd.............................. 57,832 775,073 #* AGORA Hospitality Group Co., Ltd................... 591,000 235,520 Ahresty Corp....................................... 127,000 690,623 #* Aigan Co., Ltd..................................... 95,200 202,189 Aisan Industry Co., Ltd............................ 207,600 1,809,945 # Akebono Brake Industry Co., Ltd.................... 448,700 1,584,230 # Alpen Co., Ltd..................................... 112,500 1,652,537 Alpha Corp......................................... 30,400 307,840 Alpine Electronics, Inc............................ 281,600 4,355,044 Amiyaki Tei Co., Ltd............................... 24,500 815,175 Amuse, Inc......................................... 22,299 578,928 * Anrakutei Co., Ltd................................. 22,000 80,244 AOI Pro, Inc....................................... 44,800 296,630 AOKI Holdings, Inc................................. 276,200 3,204,989 Aoyama Trading Co., Ltd............................ 315,900 10,617,191 Arata Corp......................................... 91,000 250,379 Arcland Sakamoto Co., Ltd.......................... 90,700 1,691,821 Asahi Broadcasting Corp............................ 21,200 169,428 # Asahi Co., Ltd..................................... 95,000 929,558 # Asatsu-DK, Inc..................................... 202,000 5,053,114 #* Ashimori Industry Co., Ltd......................... 319,000 430,915 # ASKUL Corp......................................... 46,600 724,580 # Atom Corp.......................................... 169,300 1,269,848 Atsugi Co., Ltd.................................... 765,000 758,462 Autobacs Seven Co., Ltd............................ 419,100 6,135,872 # Avex Group Holdings, Inc........................... 238,200 4,016,850 Belluna Co., Ltd................................... 242,700 1,039,072 Best Denki Co., Ltd................................ 396,500 496,565 # Bic Camera, Inc.................................... 497,600 5,639,990 # Bookoff Corp....................................... 63,000 459,630 # BRONCO BILLY Co., Ltd.............................. 19,800 653,063 Calsonic Kansei Corp............................... 990,000 5,625,309 # Can Do Co., Ltd.................................... 65,300 851,400 Central Sports Co., Ltd............................ 32,000 543,637 CHIMNEY Co., Ltd................................... 24,600 465,429 Chiyoda Co., Ltd................................... 153,100 3,257,250 Chofu Seisakusho Co., Ltd.......................... 86,200 2,165,492 # Chori Co., Ltd..................................... 73,900 1,196,834 Chuo Spring Co., Ltd............................... 202,000 565,316 #* Clarion Co., Ltd................................... 789,000 2,327,552 Cleanup Corp....................................... 133,500 987,914 # Colowide Co., Ltd.................................. 353,900 5,969,450 Corona Corp........................................ 82,400 817,076 # Cross Plus, Inc.................................... 22,000 148,633 # DA Consortium, Inc................................. 148,200 629,363 Daido Metal Co., Ltd............................... 190,000 1,783,309 Daidoh, Ltd........................................ 141,200 613,503 Daiichikosho Co., Ltd.............................. 187,900 5,441,513 Daikoku Denki Co., Ltd............................. 44,700 715,950 1764 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Discretionary -- (Continued) Daimaruenawin Co., Ltd............................. 400 $ 2,624 # Dainichi Co., Ltd.................................. 49,300 321,292 # Daisyo Corp........................................ 54,300 684,747 DCM Holdings Co., Ltd.............................. 546,000 3,642,874 # Descente, Ltd...................................... 254,000 2,879,087 Doshisha Co., Ltd.................................. 144,400 2,253,943 Doutor Nichires Holdings Co., Ltd.................. 182,086 2,588,000 # Dunlop Sports Co., Ltd............................. 77,500 858,562 Dynic Corp......................................... 174,000 261,769 Eagle Industry Co., Ltd............................ 151,500 2,821,657 # EDION Corp......................................... 528,800 3,921,633 Exedy Corp......................................... 193,300 4,250,894 F T Communications Co., Ltd........................ 12,300 191,772 F-Tech, Inc........................................ 30,300 299,094 # FCC Co., Ltd....................................... 203,300 3,865,127 # Fields Corp........................................ 93,500 1,188,410 Fine Sinter Co., Ltd............................... 49,000 146,900 # First Juken Co., Ltd............................... 18,500 195,826 Foster Electric Co., Ltd........................... 134,300 2,522,887 France Bed Holdings Co., Ltd....................... 711,000 1,084,880 # Fuji Co. Ltd/Ehime................................. 110,800 2,011,564 # Fuji Corp., Ltd.................................... 134,800 766,268 Fuji Kiko Co., Ltd................................. 148,000 674,368 # Fuji Kyuko Co., Ltd................................ 161,000 1,690,939 Fuji Oozx, Inc..................................... 6,000 25,591 # Fujibo Holdings, Inc............................... 763,000 2,010,915 # Fujikura Rubber, Ltd............................... 75,200 508,974 Fujishoji Co., Ltd................................. 32,400 406,649 Fujita Kanko, Inc.................................. 108,000 427,560 Fujitsu General, Ltd............................... 381,000 3,737,147 FuKoKu Co., Ltd.................................... 42,000 457,907 Funai Electric Co., Ltd............................ 41,000 493,793 # Furukawa Battery Co, Ltd. (The).................... 98,000 802,865 Futaba Industrial Co., Ltd......................... 329,300 1,644,574 G-7 Holdings, Inc.................................. 29,200 248,447 G-Tekt Corp........................................ 96,900 923,222 # Gakken Holdings Co., Ltd........................... 322,000 677,629 # Genki Sushi Co., Ltd............................... 32,900 795,327 # Geo Holdings Corp.................................. 219,400 2,146,716 # GLOBERIDE, Inc..................................... 641,000 1,038,385 Goldwin, Inc....................................... 188,000 1,055,905 Gourmet Kineya Co., Ltd............................ 87,000 694,934 GSI Creos Corp..................................... 345,000 385,020 Gulliver International Co., Ltd.................... 396,400 3,146,091 Gunze, Ltd......................................... 1,111,000 2,877,838 # H-One Co., Ltd..................................... 69,500 389,594 H2O Retailing Corp................................. 299,605 5,291,987 # Hagihara Industries, Inc........................... 27,400 453,355 Hakuyosha Co., Ltd................................. 65,000 139,256 # Happinet Corp...................................... 96,500 1,075,288 Hard Off Corp. Co., Ltd............................ 52,500 503,893 Haruyama Trading Co., Ltd.......................... 47,900 293,048 HI-LEX Corp........................................ 57,600 1,650,213 1765 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Discretionary -- (Continued) # Hiday Hidaka Corp.................................. 61,464 $1,933,283 Higashi Nihon House Co., Ltd....................... 229,500 1,002,275 # Himaraya Co., Ltd.................................. 35,900 304,901 # Hiramatsu, Inc..................................... 161,300 879,793 # HIS Co., Ltd....................................... 156,900 5,380,014 Honeys Co., Ltd.................................... 109,140 973,193 # Hoosiers Holdings Co., Ltd......................... 186,400 780,930 Ichibanya Co., Ltd................................. 48,600 2,015,030 # Ichikoh Industries, Ltd............................ 294,000 605,023 # IJT Technology Holdings Co., Ltd................... 128,280 560,077 Ikyu Corp.......................................... 118,500 1,545,718 # Imasen Electric Industrial......................... 90,600 1,169,128 # Imperial Hotel, Ltd................................ 14,200 310,828 Intage Holdings, Inc............................... 86,600 1,225,886 * Izuhakone Railway Co., Ltd......................... 300 -- * Izutsuya Co., Ltd.................................. 617,000 334,166 #* Janome Sewing Machine Co., Ltd..................... 1,095,000 1,265,797 Japan Vilene Co., Ltd.............................. 162,000 823,859 Japan Wool Textile Co., Ltd. (The)................. 353,000 2,353,741 # Jin Co., Ltd....................................... 82,300 2,507,523 Joban Kosan Co., Ltd............................... 352,000 471,326 # Joshin Denki Co., Ltd.............................. 211,000 1,776,223 # JP-Holdings, Inc................................... 307,500 946,071 #* JVC Kenwood Corp................................... 959,030 2,273,317 # K's Holdings Corp.................................. 179,900 5,283,637 * Kadokawa Dwango Corp............................... 253,333 3,750,245 Kasai Kogyo Co., Ltd............................... 142,300 1,210,569 # Kawai Musical Instruments Manufacturing Co., Ltd... 46,000 908,424 Keihin Corp........................................ 275,300 4,388,111 # Keiyo Co., Ltd..................................... 181,300 860,940 # KFC Holdings Japan, Ltd............................ 77,000 1,432,074 #* Kintetsu Department Store Co., Ltd................. 149,000 425,006 Kinugawa Rubber Industrial Co., Ltd................ 290,000 1,299,555 Kitamura Co., Ltd.................................. 2,000 12,832 * KNT-CT Holdings Co., Ltd........................... 641,000 873,787 # Kohnan Shoji Co., Ltd.............................. 194,000 2,193,114 # Kojima Co., Ltd.................................... 167,300 447,258 Komatsu Seiren Co., Ltd............................ 138,300 625,796 Komeri Co., Ltd.................................... 197,000 4,225,293 # Konaka Co., Ltd.................................... 126,060 658,364 Koshidaka Holdings Co., Ltd........................ 45,400 825,365 # Kourakuen Corp..................................... 24,800 345,710 # KU Holdings Co., Ltd............................... 136,400 736,512 Kura Corp.......................................... 70,500 2,124,018 Kurabo Industries, Ltd............................. 1,301,000 2,181,774 # Kuraudia Co., Ltd.................................. 5,700 65,411 # KYB Co., Ltd....................................... 1,154,000 4,579,261 # Kyoritsu Maintenance Co., Ltd...................... 61,060 3,410,718 # Kyoto Kimono Yuzen Co., Ltd........................ 71,400 608,184 #* Laox Co., Ltd...................................... 566,000 1,263,363 LEC, Inc........................................... 42,800 475,679 # Look, Inc.......................................... 235,000 441,843 # Mamiya-Op Co., Ltd................................. 331,000 619,858 1766 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Consumer Discretionary -- (Continued) # Marche Corp........................................ 6,900 $ 52,772 # Mars Engineering Corp.............................. 50,500 893,399 #* Maruei Department Store Co., Ltd................... 17,000 20,108 #* Maruzen CHI Holdings Co., Ltd...................... 29,800 90,011 # Matsuya Foods Co., Ltd............................. 48,200 1,011,547 Meiko Network Japan Co., Ltd....................... 126,900 1,313,026 # Meiwa Estate Co., Ltd.............................. 56,900 236,230 Mikuni Corp........................................ 121,000 452,773 Misawa Homes Co., Ltd.............................. 168,800 1,495,489 Mitsuba Corp....................................... 214,690 3,809,879 Mitsui Home Co., Ltd............................... 170,000 715,468 # Mizuno Corp........................................ 596,000 2,931,032 Monogatari Corp. (The)............................. 25,400 880,710 Mr Max Corp........................................ 119,000 292,373 Murakami Corp...................................... 11,000 160,022 # Musashi Seimitsu Industry Co., Ltd................. 132,600 2,496,714 Nafco Co., Ltd..................................... 34,300 467,719 # Nagawa Co., Ltd.................................... 8,900 222,567 #* Naigai Co., Ltd.................................... 1,450,000 759,985 Nakayamafuku Co., Ltd.............................. 9,500 71,793 Next Co., Ltd...................................... 143,600 1,198,231 # Nexyz Corp......................................... 11,900 58,945 Nice Holdings, Inc................................. 460,000 738,868 Nifco, Inc......................................... 295,500 10,179,090 Nihon Eslead Corp.................................. 34,900 363,244 # Nihon Plast Co., Ltd............................... 11,300 91,983 Nihon Tokushu Toryo Co., Ltd....................... 61,700 391,139 Nippon Felt Co., Ltd............................... 58,200 271,809 Nippon Piston Ring Co., Ltd........................ 500,000 1,005,961 Nippon Seiki Co., Ltd.............................. 224,400 5,074,768 Nishikawa Rubber Co., Ltd.......................... 15,000 249,070 # Nishimatsuya Chain Co., Ltd........................ 307,700 2,450,991 Nissan Tokyo Sales Holdings Co., Ltd............... 236,000 528,268 # Nissei Build Kogyo Co., Ltd........................ 339,000 804,954 #* Nissen Holdings Co., Ltd........................... 59,900 155,183 Nissin Kogyo Co., Ltd.............................. 230,200 3,524,043 Nittan Valve Co., Ltd.............................. 82,800 230,904 Nojima Corp........................................ 13,700 159,817 Ohashi Technica, Inc............................... 33,000 437,218 # Ohsho Food Service Corp............................ 72,500 2,912,261 # Onward Holdings Co., Ltd........................... 757,000 4,881,785 OPT, Inc........................................... 81,500 443,285 # Otsuka Kagu, Ltd................................... 39,700 346,342 Pacific Industrial Co., Ltd........................ 239,800 1,946,194 # Pal Co., Ltd....................................... 69,500 1,805,259 Paltac Corp........................................ 201,234 2,532,976 PanaHome Corp...................................... 494,200 2,969,230 Parco Co., Ltd..................................... 116,400 991,317 Paris Miki Holdings, Inc........................... 155,600 631,269 PIA Corp........................................... 5,500 102,271 Piolax, Inc........................................ 58,300 2,800,610 #* Pioneer Corp....................................... 1,976,400 3,716,687 Plenus Co., Ltd.................................... 135,700 2,333,603 1767 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ---------- Consumer Discretionary -- (Continued) # Press Kogyo Co., Ltd............................... 615,000 $2,071,849 # Pressance Corp..................................... 40,700 1,300,492 Proto Corp......................................... 64,100 1,004,139 Renaissance, Inc................................... 57,700 568,111 #* Renown, Inc........................................ 336,200 319,194 # Resort Solution Co., Ltd........................... 180,000 398,559 # Resorttrust, Inc................................... 127,416 3,051,609 Rhythm Watch Co., Ltd.............................. 595,000 821,825 # Riberesute Corp.................................... 14,500 85,579 # Right On Co., Ltd.................................. 89,925 567,027 Riken Corp......................................... 537,000 2,103,009 Ringer Hut Co., Ltd................................ 69,000 1,355,403 # Round One Corp..................................... 446,000 2,785,094 Royal Holdings Co., Ltd............................ 182,400 2,608,336 Sac's Bar Holdings, Inc............................ 94,050 1,355,360 # Saizeriya Co., Ltd................................. 190,700 3,086,892 # Sakai Ovex Co., Ltd................................ 378,000 571,507 San Holdings, Inc.................................. 15,400 240,484 Sanden Corp........................................ 706,000 3,297,229 Sanei Architecture Planning Co., Ltd............... 53,700 410,263 Sangetsu Co., Ltd.................................. 178,025 4,767,844 # Sanko Marketing Foods Co., Ltd..................... 30,400 234,002 Sankyo Seiko Co., Ltd.............................. 188,700 763,492 Sanoh Industrial Co., Ltd.......................... 140,500 884,185 # Sanyo Electric Railway Co., Ltd.................... 152,000 596,906 Sanyo Housing Nagoya Co., Ltd...................... 38,600 420,155 Sanyo Shokai, Ltd.................................. 688,000 1,621,024 Sato Restaurant Systems Co., Ltd................... 59,200 520,685 # Scroll Corp........................................ 171,100 415,132 # Seiko Holdings Corp................................ 954,407 5,205,651 # Seiren Co., Ltd.................................... 300,900 2,452,632 # Senshukai Co., Ltd................................. 186,700 1,316,524 # Septeni Holdings Co., Ltd.......................... 58,100 619,185 # Seria Co., Ltd..................................... 121,700 3,512,563 # Shidax Corp........................................ 92,500 423,425 # Shikibo, Ltd....................................... 802,000 803,608 Shimachu Co., Ltd.................................. 305,800 7,665,006 Shimojima Co., Ltd................................. 25,900 234,152 Shiroki Corp....................................... 285,000 748,181 Shobunsha Publications, Inc........................ 273,500 2,008,457 Shochiku Co., Ltd.................................. 220,000 2,182,359 Showa Corp......................................... 326,700 3,318,889 SKY Perfect JSAT Holdings, Inc..................... 552,500 3,345,871 SNT Corp........................................... 88,700 399,847 Soft99 Corp........................................ 70,600 394,537 Sotoh Co., Ltd..................................... 42,600 369,580 SPK Corp........................................... 18,600 324,438 St Marc Holdings Co., Ltd.......................... 49,000 3,150,844 Starts Corp., Inc.................................. 152,400 2,112,652 Step Co., Ltd...................................... 40,700 288,022 Studio Alice Co., Ltd.............................. 63,100 988,256 Suminoe Textile Co., Ltd........................... 342,000 859,495 Sumitomo Forestry Co., Ltd......................... 276,466 2,571,405 1768 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Discretionary -- (Continued) Sumitomo Riko Co, Ltd.............................. 238,200 $1,941,871 Suncall Corp....................................... 27,000 156,309 T RAD Co., Ltd..................................... 424,000 864,287 T-Gaia Corp........................................ 161,400 1,753,300 # Tachi-S Co., Ltd................................... 167,540 2,440,767 # Tachikawa Corp..................................... 50,800 287,713 Taiho Kogyo Co., Ltd............................... 101,000 1,123,069 Takamatsu Construction Group Co., Ltd.............. 83,600 1,725,860 # Takata Corp........................................ 120,100 1,400,756 Take And Give Needs Co., Ltd....................... 55,670 453,895 Takihyo Co., Ltd................................... 76,000 266,959 # Tama Home Co., Ltd................................. 98,700 446,220 Tamron Co., Ltd.................................... 111,400 2,175,896 * TASAKI & Co., Ltd.................................. 8,300 132,453 TBK Co., Ltd....................................... 119,000 617,924 * Ten Allied Co., Ltd................................ 50,000 164,321 Tigers Polymer Corp................................ 52,100 344,548 Toa Corp........................................... 137,500 1,379,919 # Toabo Corp......................................... 548,000 353,478 # Toei Animation Co., Ltd............................ 22,500 771,264 Toei Co., Ltd...................................... 421,000 2,438,304 Tohokushinsha Film Corp............................ 22,500 162,554 Tokai Rika Co., Ltd................................ 295,500 6,084,941 # Token Corp......................................... 48,050 1,991,467 # Tokyo Dome Corp.................................... 1,229,200 5,685,397 Tokyo Individualized Educational Institute, Inc.... 72,000 214,172 Tokyotokeiba Co., Ltd.............................. 267,000 666,082 # Tokyu Recreation Co., Ltd.......................... 81,000 463,658 # Tomy Co., Ltd...................................... 385,193 2,133,732 Topre Corp......................................... 222,100 3,054,478 # Toridoll.corp...................................... 128,800 1,869,223 Tosho Co., Ltd..................................... 45,100 1,137,406 Tow Co., Ltd....................................... 5,600 41,546 TPR Co., Ltd....................................... 132,400 3,350,422 TS Tech Co., Ltd................................... 136,000 3,426,520 TSI Holdings Co., Ltd.............................. 443,295 2,534,139 # Tsukada Global Holdings, Inc....................... 112,600 691,448 # Tsukamoto Corp. Co., Ltd........................... 190,000 220,571 Tsutsumi Jewelry Co., Ltd.......................... 48,600 1,037,833 Tv Tokyo Holdings Corp............................. 12,200 266,982 # Tyo, Inc........................................... 313,000 461,102 # U-Shin, Ltd........................................ 130,600 783,139 Unipres Corp....................................... 227,800 3,962,765 United Arrows, Ltd................................. 142,400 4,047,466 * Unitika, Ltd....................................... 3,182,000 1,481,068 # Universal Entertainment Corp....................... 90,200 1,525,075 #* Usen Corp.......................................... 771,880 2,023,091 # Village Vanguard Co., Ltd.......................... 33,000 391,930 VT Holdings Co., Ltd............................... 499,500 2,010,215 Wacoal Holdings Corp............................... 643,000 6,373,350 * Watabe Wedding Corp................................ 23,400 99,911 # WATAMI Co., Ltd.................................... 138,100 1,366,958 # West Holdings Corp................................. 99,600 789,090 1769 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ------------ Consumer Discretionary -- (Continued) Workman Co., Ltd................................... 900 $ 44,227 Wowow, Inc......................................... 28,300 1,220,730 Xebio Co., Ltd..................................... 161,000 2,492,094 # Yachiyo Industry Co., Ltd.......................... 15,700 132,891 # Yamato International, Inc.......................... 8,200 29,948 Yellow Hat, Ltd.................................... 95,400 1,866,093 # Yomiuri Land Co., Ltd.............................. 254,000 1,014,675 # Yondoshi Holdings, Inc............................. 114,620 1,755,671 Yonex Co., Ltd..................................... 45,600 459,321 Yorozu Corp........................................ 105,800 2,048,804 # Yoshinoya Holdings Co., Ltd........................ 275,300 3,117,571 Yutaka Giken Co., Ltd.............................. 2,500 52,185 # Zenrin Co., Ltd.................................... 156,000 2,007,071 # Zensho Holdings Co., Ltd........................... 694,300 6,277,634 # Zojirushi Corp..................................... 184,000 1,230,696 ------------ Total Consumer Discretionary........................... 511,934,615 ------------ Consumer Staples -- (8.2%) Aderans Co., Ltd................................... 133,000 1,180,686 # Aeon Hokkaido Corp................................. 339,700 2,023,603 # Ain Pharmaciez, Inc................................ 142,400 4,589,381 Arcs Co., Ltd...................................... 196,400 4,046,572 Ariake Japan Co., Ltd.............................. 111,800 3,037,184 # Artnature, Inc..................................... 95,500 998,536 Axial Retailing, Inc............................... 86,300 1,985,992 Belc Co., Ltd...................................... 60,800 1,686,901 Cawachi, Ltd....................................... 90,500 1,442,559 CFS Corp........................................... 15,400 103,873 Chubu Shiryo Co., Ltd.............................. 118,000 659,421 Chuo Gyorui Co., Ltd............................... 93,000 221,579 Coca-Cola West Co., Ltd............................ 240,800 3,444,227 Cocokara fine, Inc................................. 107,260 2,657,703 CREATE SD HOLDINGS Co., Ltd........................ 52,900 1,797,366 Daikokutenbussan Co., Ltd.......................... 36,800 1,426,307 Dr Ci:Labo Co., Ltd................................ 85,200 2,927,121 Dydo Drinco, Inc................................... 43,900 1,802,462 # Earth Chemical Co., Ltd............................ 79,400 2,652,076 # Fancl Corp......................................... 232,200 3,716,331 * Feed One Holdings Co., Ltd......................... 836,040 780,754 #* First Baking Co., Ltd.............................. 183,000 203,519 Fuji Oil Co. Ltd/Osaka............................. 367,600 4,722,956 Fujicco Co., Ltd................................... 123,600 2,206,486 * Fujiya Co., Ltd.................................... 61,000 99,987 Genky Stores, Inc.................................. 12,100 978,472 Hagoromo Foods Corp................................ 39,000 367,198 Heiwado Co., Ltd................................... 184,300 3,907,416 # Hokkaido Coca-Cola Bottling Co., Ltd............... 87,000 389,328 # Hokuto Corp........................................ 133,900 2,464,496 # House Foods Group, Inc............................. 202,800 4,057,296 Inageya Co., Ltd................................... 178,200 1,973,392 # Ito En, Ltd........................................ 56,400 1,083,451 # Itochu-Shokuhin Co., Ltd........................... 27,400 934,486 # Itoham Foods, Inc.................................. 960,800 5,485,505 1770 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Staples -- (Continued) J-Oil Mills, Inc................................... 587,000 $2,099,302 # Kagome Co., Ltd.................................... 18,900 299,308 # Kakiyasu Honten Co., Ltd........................... 25,700 426,474 Kameda Seika Co., Ltd.............................. 74,100 2,498,778 Kansai Super Market, Ltd........................... 16,700 114,141 # Kasumi Co., Ltd.................................... 248,100 2,080,947 Kato Sangyo Co., Ltd............................... 118,000 2,163,481 # Kenko Mayonnaise Co., Ltd.......................... 48,900 696,232 KEY Coffee, Inc.................................... 112,000 1,614,644 * Kirindo Holdings Co., Ltd.......................... 28,300 196,607 # Kobe Bussan Co., Ltd............................... 27,400 1,132,054 # Kotobuki Spirits Co., Ltd.......................... 31,300 721,926 Kusuri No Aoki Co., Ltd............................ 50,200 3,334,934 Kyokuyo Co., Ltd................................... 563,000 1,323,898 # Life Corp.......................................... 183,400 2,623,955 # Lion Corp.......................................... 1,164,000 6,323,329 Mandom Corp........................................ 121,500 4,102,446 Marudai Food Co., Ltd.............................. 650,000 2,327,995 Maruha Nichiro Corp................................ 231,507 3,445,108 Matsumotokiyoshi Holdings Co., Ltd................. 230,300 7,589,632 # Maxvalu Nishinihon Co., Ltd........................ 3,200 45,876 Maxvalu Tokai Co., Ltd............................. 57,500 878,907 Medical System Network Co., Ltd.................... 78,200 246,205 Megmilk Snow Brand Co., Ltd........................ 266,000 3,656,894 Meito Sangyo Co., Ltd.............................. 53,700 533,811 Milbon Co., Ltd.................................... 71,676 2,027,451 # Ministop Co., Ltd.................................. 90,700 1,223,922 # Mitsubishi Shokuhin Co., Ltd....................... 87,800 1,948,905 Mitsui Sugar Co., Ltd.............................. 541,850 1,837,371 Miyoshi Oil & Fat Co., Ltd......................... 390,000 459,181 Morinaga & Co., Ltd................................ 1,167,000 3,630,853 Morinaga Milk Industry Co., Ltd.................... 1,167,000 5,045,109 Morozoff, Ltd...................................... 146,000 457,916 Nagatanien Co., Ltd................................ 129,000 1,244,806 Nakamuraya Co., Ltd................................ 189,000 765,691 Natori Co., Ltd.................................... 21,300 254,009 Nichimo Co., Ltd................................... 170,000 289,143 Nichirei Corp...................................... 1,544,000 8,184,602 # Nihon Chouzai Co., Ltd............................. 15,980 505,082 Niitaka Co., Ltd................................... 2,060 19,631 Nippon Beet Sugar Manufacturing Co., Ltd........... 626,000 1,088,933 Nippon Flour Mills Co., Ltd........................ 730,000 3,462,250 * Nippon Suisan Kaisha, Ltd.......................... 1,523,100 5,262,942 # Nisshin Oillio Group, Ltd. (The)................... 699,000 2,542,341 Nissin Sugar Co., Ltd.............................. 19,600 411,502 Nitto Fuji Flour Milling Co., Ltd.................. 64,000 174,036 Noevir Holdings Co., Ltd........................... 70,500 1,283,248 Oenon Holdings, Inc................................ 316,000 582,393 # OIE Sangyo Co., Ltd................................ 20,900 149,865 Okuwa Co., Ltd..................................... 120,000 978,422 Olympic Group Corp................................. 64,900 463,079 OUG Holdings, Inc.................................. 29,000 56,797 Prima Meat Packers, Ltd............................ 884,000 2,298,536 1771 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Consumer Staples -- (Continued) # Qol Co., Ltd....................................... 54,100 $ 385,851 # Riken Vitamin Co., Ltd............................. 79,200 3,003,176 # Rock Field Co., Ltd................................ 60,500 1,078,609 # Rokko Butter Co., Ltd.............................. 45,800 413,157 S Foods, Inc....................................... 77,762 1,395,060 S&B Foods, Inc..................................... 499 18,871 # Sakata Seed Corp................................... 187,900 3,263,402 San-A Co., Ltd..................................... 101,600 3,391,973 Sapporo Holdings, Ltd.............................. 1,993,000 8,395,035 # Shoei Foods Corp................................... 47,000 368,165 Showa Sangyo Co., Ltd.............................. 524,000 2,158,409 Sogo Medical Co., Ltd.............................. 28,700 1,382,681 ST Corp............................................ 78,900 681,416 Starzen Co., Ltd................................... 358,000 1,238,611 # Takara Holdings, Inc............................... 939,300 5,991,433 # Tobu Store Co., Ltd................................ 205,000 489,464 Toho Co., Ltd...................................... 212,000 785,205 # Tohto Suisan Co., Ltd.............................. 173,000 284,334 # Torigoe Co., Ltd. (The)............................ 82,600 500,035 Toyo Sugar Refining Co., Ltd....................... 157,000 134,637 # UNY Group Holdings Co., Ltd........................ 1,510,900 8,693,068 Valor Co., Ltd..................................... 218,200 4,115,968 Warabeya Nichiyo Co., Ltd.......................... 85,860 1,436,404 Welcia Holdings Co., Ltd........................... 72,600 2,672,330 Yaizu Suisankagaku Industry Co., Ltd............... 47,400 414,974 Yamatane Corp...................................... 535,000 792,044 # Yamaya Corp........................................ 24,700 324,600 Yaoko Co., Ltd..................................... 52,900 3,439,010 # Yokohama Reito Co., Ltd............................ 270,600 1,877,035 Yomeishu Seizo Co., Ltd............................ 100,000 779,833 Yonekyu Corp....................................... 23,700 368,749 Yuasa Funashoku Co., Ltd........................... 125,000 354,894 Yutaka Foods Corp.................................. 6,000 94,113 ------------ Total Consumer Staples................................. 229,902,068 ------------ Energy -- (0.9%) # BP Castrol K.K..................................... 66,500 618,195 # Cosmo Oil Co., Ltd................................. 3,555,000 4,793,146 Fuji Kosan Co., Ltd................................ 33,100 168,204 # Fuji Oil Co., Ltd.................................. 293,100 873,891 Itochu Enex Co., Ltd............................... 311,000 2,424,346 # Japan Drilling Co., Ltd............................ 35,800 1,281,280 Japan Oil Transportation Co., Ltd.................. 84,000 164,797 Mitsuuroko Group Holdings Co., Ltd................. 190,200 901,315 # Nippon Coke & Engineering Co., Ltd................. 1,410,500 1,312,315 # Nippon Gas Co., Ltd................................ 195,000 4,794,106 Nippon Seiro Co., Ltd.............................. 64,000 137,631 # Sala Corp.......................................... 128,500 650,023 San-Ai Oil Co., Ltd................................ 319,000 2,116,829 Shinko Plantech Co., Ltd........................... 244,100 1,823,813 # Sinanen Co., Ltd................................... 268,000 1,049,252 # Toa Oil Co., Ltd................................... 427,000 526,653 1772 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Energy -- (Continued) Toyo Kanetsu K.K................................... 642,000 $ 1,311,019 ----------- Total Energy........................................... 24,946,815 ----------- Financials -- (10.0%) 77 Bank, Ltd. (The)................................ 4,000 22,122 Aichi Bank, Ltd. (The)............................. 54,200 2,659,534 Airport Facilities Co., Ltd........................ 136,670 805,226 # Aizawa Securities Co., Ltd......................... 159,400 797,529 Akita Bank, Ltd. (The)............................. 1,130,400 3,134,518 Anabuki Kosan, Inc................................. 22,000 46,915 Aomori Bank, Ltd. (The)............................ 1,220,000 3,605,337 Asax Co., Ltd...................................... 1,700 21,990 Awa Bank, Ltd. (The)............................... 1,185,000 6,386,416 # Bank of Iwate, Ltd. (The).......................... 105,100 4,271,554 Bank of Kochi, Ltd. (The).......................... 213,000 277,658 Bank of Nagoya, Ltd. (The)......................... 1,036,297 3,731,238 # Bank of Okinawa, Ltd. (The)........................ 113,200 4,529,561 Bank of Saga, Ltd. (The)........................... 809,000 1,846,797 Bank of the Ryukyus, Ltd........................... 233,980 3,236,953 Chiba Kogyo Bank, Ltd. (The)....................... 239,900 1,635,332 Chukyo Bank, Ltd. (The)............................ 702,000 1,233,243 Daibiru Corp....................................... 312,400 2,748,653 Daiichi Commodities Co., Ltd....................... 13,700 52,751 # Daikyo, Inc........................................ 1,959,000 2,895,086 # Daisan Bank, Ltd. (The)............................ 832,000 1,379,559 Daishi Bank, Ltd. (The)............................ 2,061,000 6,857,473 Daito Bank, Ltd. (The)............................. 898,000 1,079,190 # Dream Incubator, Inc............................... 19,500 358,117 DSB Co, Ltd........................................ 57,400 376,782 # Ehime Bank, Ltd. (The)............................. 931,000 1,979,340 Eighteenth Bank, Ltd. (The)........................ 1,099,000 3,176,664 # FIDEA Holdings Co., Ltd............................ 879,100 1,565,166 # Financial Products Group Co., Ltd.................. 138,300 1,951,802 Fukui Bank, Ltd. (The)............................. 1,283,000 2,862,285 Fukushima Bank, Ltd. (The)......................... 1,462,000 1,076,321 Fuyo General Lease Co., Ltd........................ 84,100 2,707,243 GCA Savvian Corp................................... 90,600 912,026 Goldcrest Co., Ltd................................. 104,790 1,633,119 Grandy House Corp.................................. 14,200 35,591 Heiwa Real Estate Co., Ltd......................... 255,900 3,641,605 Higashi-Nippon Bank, Ltd. (The).................... 872,000 2,453,570 # Higo Bank, Ltd. (The).............................. 1,157,000 6,273,940 Hokkoku Bank, Ltd. (The)........................... 1,792,000 5,717,381 Hokuetsu Bank, Ltd. (The).......................... 1,315,000 2,392,875 Hyakugo Bank, Ltd. (The)........................... 1,534,609 6,497,637 Hyakujushi Bank, Ltd. (The)........................ 1,553,000 5,213,207 IBJ Leasing Co., Ltd............................... 64,900 1,222,481 Ichiyoshi Securities Co., Ltd...................... 234,400 2,371,516 Iwai Cosmo Holdings, Inc........................... 121,600 1,383,404 #* Japan Asia Investment Co., Ltd..................... 312,000 189,111 # Jimoto Holdings, Inc............................... 435,000 815,173 # Jowa Holdings Co., Ltd............................. 59,800 1,849,489 Juroku Bank, Ltd. (The)............................ 2,060,000 6,797,512 1773 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Financials -- (Continued) # kabu.com Securities Co., Ltd....................... 503,700 $2,725,336 Kabuki-Za Co., Ltd................................. 39,000 1,672,176 Kagoshima Bank, Ltd. (The)......................... 990,000 6,194,753 # Kansai Urban Banking Corp.......................... 153,500 1,545,079 Keihanshin Building Co., Ltd....................... 201,100 1,195,660 Keiyo Bank, Ltd. (The)............................. 1,367,000 7,458,060 Kita-Nippon Bank, Ltd. (The)....................... 50,506 1,328,398 Kiyo Bank, Ltd. (The).............................. 382,290 4,769,265 # Kosei Securities Co., Ltd. (The)................... 11,000 20,402 Kyokuto Securities Co., Ltd........................ 127,900 1,842,169 Land Business Co., Ltd............................. 59,500 205,016 * Leopalace21 Corp................................... 1,523,700 9,858,803 * Lifenet Insurance Co............................... 30,900 77,914 Marusan Securities Co., Ltd........................ 402,500 2,782,625 # Michinoku Bank, Ltd. (The)......................... 856,000 1,604,784 Mie Bank, Ltd. (The)............................... 521,000 1,154,626 Minato Bank, Ltd. (The)............................ 1,115,000 2,146,258 Mito Securities Co., Ltd........................... 348,300 1,210,177 Miyazaki Bank, Ltd. (The).......................... 954,000 3,305,165 # Monex Group, Inc................................... 1,207,400 2,478,809 # Money Partners Group Co., Ltd...................... 33,400 110,776 Musashino Bank, Ltd. (The)......................... 204,500 6,703,053 # Nagano Bank, Ltd. (The)............................ 527,000 932,898 Nanto Bank, Ltd. (The)............................. 1,138,000 3,815,074 * New Real Property K.K.............................. 43,900 -- # Nisshin Fudosan Co................................. 191,500 788,563 North Pacific Bank, Ltd............................ 1,934,600 7,206,864 Ogaki Kyoritsu Bank, Ltd. (The).................... 2,012,000 6,176,854 Oita Bank, Ltd. (The).............................. 1,043,900 3,659,259 # Okasan Securities Group, Inc....................... 48,000 337,281 Open House Co., Ltd................................ 25,200 431,471 Relo Holdings, Inc................................. 62,900 4,687,431 Ricoh Leasing Co., Ltd............................. 104,600 2,737,487 SAMTY Co., Ltd..................................... 79,100 701,956 San-In Godo Bank, Ltd. (The)....................... 985,000 8,037,137 Sankyo Frontier Co., Ltd........................... 6,000 46,865 # Sawada Holdings Co., Ltd........................... 146,100 1,057,738 Senshu Ikeda Holdings, Inc......................... 1,379,500 6,125,595 Shiga Bank, Ltd. (The)............................. 1,251,000 6,978,135 Shikoku Bank, Ltd. (The)........................... 1,219,000 2,547,775 Shimane Bank, Ltd. (The)........................... 16,600 198,522 Shimizu Bank, Ltd. (The)........................... 48,900 1,202,789 # Sparx Group Co., Ltd............................... 580,400 1,000,791 Sumitomo Real Estate Sales Co., Ltd................ 107,760 2,548,853 # Sun Frontier Fudousan Co., Ltd..................... 142,500 1,107,462 Taiko Bank, Ltd. (The)............................. 189,000 355,265 # Takagi Securities Co., Ltd......................... 231,000 468,958 Takara Leben Co., Ltd.............................. 557,000 2,905,576 TOC Co., Ltd....................................... 435,250 2,645,847 Tochigi Bank, Ltd. (The)........................... 745,000 3,440,286 Toho Bank, Ltd. (The).............................. 1,351,200 4,744,459 Tohoku Bank, Ltd. (The)............................ 605,000 799,636 # Tokyo Rakutenchi Co., Ltd.......................... 218,000 923,267 1774 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Financials -- (Continued) Tokyo Theatres Co., Inc............................ 482,000 $ 580,418 #* Tokyo TY Financial Group, Inc...................... 154,738 4,429,317 Tomato Bank, Ltd................................... 476,000 710,224 TOMONY Holdings, Inc............................... 937,950 4,049,406 # Tosei Corp......................................... 204,600 1,249,217 Tottori Bank, Ltd. (The)........................... 343,000 678,859 Towa Bank, Ltd. (The).............................. 2,014,000 1,653,549 Toyo Securities Co., Ltd........................... 431,000 1,263,001 Tsukuba Bank, Ltd.................................. 499,200 1,457,292 # Yamagata Bank, Ltd. (The).......................... 879,500 3,712,012 Yamanashi Chuo Bank, Ltd. (The).................... 1,004,000 4,009,606 ------------ Total Financials....................................... 281,500,291 ------------ Health Care -- (4.2%) As One Corp........................................ 88,368 2,364,258 Asahi Intecc Co., Ltd.............................. 126,600 6,709,682 ASKA Pharmaceutical Co., Ltd....................... 135,100 1,443,053 Biofermin Pharmaceutical Co., Ltd.................. 10,000 252,345 BML, Inc........................................... 70,300 1,880,834 # CMIC Holdings Co., Ltd............................. 67,300 1,148,977 Create Medic Co., Ltd.............................. 28,000 238,419 # Daiken Medical Co., Ltd............................ 91,500 926,163 Daito Pharmaceutical Co., Ltd...................... 61,500 1,304,961 Eiken Chemical Co., Ltd............................ 98,700 1,533,335 EPS Holdings, Inc.................................. 169,400 2,099,481 FALCO HOLDINGS Co., Ltd............................ 39,100 431,560 FINDEX, Inc........................................ 30,400 1,790,970 Fuji Pharma Co., Ltd............................... 42,700 743,345 Fuso Pharmaceutical Industries, Ltd................ 427,000 1,096,263 # Hogy Medical Co., Ltd.............................. 73,100 3,800,118 Iwaki & Co., Ltd................................... 154,000 289,710 # Japan Medical Dynamic Marketing, Inc............... 100,700 490,901 Jeol, Ltd.......................................... 490,000 2,372,457 # JMS Co., Ltd....................................... 162,000 396,628 Kaken Pharmaceutical Co., Ltd...................... 181,000 3,851,436 Kawasumi Laboratories, Inc......................... 71,100 455,211 Kissei Pharmaceutical Co., Ltd..................... 77,800 2,333,927 KYORIN Holdings, Inc............................... 307,200 6,211,222 Mani, Inc.......................................... 33,300 1,953,589 # Message Co., Ltd................................... 87,100 2,325,395 Mochida Pharmaceutical Co., Ltd.................... 78,499 4,310,549 Nagaileben Co., Ltd................................ 58,000 959,012 Nakanishi, Inc..................................... 111,000 4,063,716 Nichi-iko Pharmaceutical Co., Ltd.................. 271,950 4,897,186 # Nichii Gakkan Co................................... 292,500 3,051,194 Nikkiso Co., Ltd................................... 372,000 3,273,711 Nippon Chemiphar Co., Ltd.......................... 180,000 855,349 # Nippon Shinyaku Co., Ltd........................... 2,000 66,068 # Nipro Corp......................................... 713,500 6,249,153 Nissui Pharmaceutical Co., Ltd..................... 70,500 757,817 Paramount Bed Holdings Co., Ltd.................... 117,500 3,249,936 Rion Co., Ltd...................................... 43,500 504,018 Rohto Pharmaceutical Co., Ltd...................... 382,100 5,132,143 1775 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Health Care -- (Continued) Seed Co., Ltd...................................... 3,700 $ 52,455 # Seikagaku Corp..................................... 74,600 1,312,027 Ship Healthcare Holdings, Inc...................... 255,200 6,333,370 Shofu, Inc......................................... 30,500 387,554 # Software Service, Inc.............................. 17,900 607,048 Taiko Pharmaceutical Co., Ltd...................... 66,500 1,023,378 Techno Medica Co., Ltd............................. 24,800 517,715 # Toho Holdings Co., Ltd............................. 326,000 4,540,559 Tokai Corp/Gifu.................................... 54,400 1,690,782 Torii Pharmaceutical Co., Ltd...................... 57,800 1,473,996 Towa Pharmaceutical Co., Ltd....................... 60,800 2,765,626 # Tsukui Corp........................................ 186,100 1,720,028 # Tsumura & Co....................................... 279,000 6,348,914 Uchiyama Holdings Co., Ltd......................... 24,200 124,042 Vital KSK Holdings, Inc............................ 196,400 1,508,716 # Wakamoto Pharmaceutical Co., Ltd................... 107,000 254,269 ZERIA Pharmaceutical Co., Ltd...................... 135,099 2,187,019 ------------ Total Health Care...................................... 118,661,590 ------------ Industrials -- (26.4%) * A&A Material Corp.................................. 127,000 116,921 Advan Co., Ltd..................................... 96,200 1,076,559 Advanex, Inc....................................... 244,000 378,896 Aeon Delight Co., Ltd.............................. 101,500 2,273,211 Aica Kogyo Co., Ltd................................ 321,900 7,165,095 Aichi Corp......................................... 176,500 860,647 Aida Engineering, Ltd.............................. 305,500 3,020,313 # Alinco, Inc........................................ 64,400 663,911 Alps Logistics Co., Ltd............................ 50,700 584,805 # Altech Corp........................................ 44,850 556,461 Anest Iwata Corp................................... 173,100 1,148,272 #* Arrk Corp.......................................... 434,600 517,881 Asahi Diamond Industrial Co., Ltd.................. 336,200 3,427,722 # Asahi Kogyosha Co., Ltd............................ 126,000 432,615 #* Asanuma Corp....................................... 501,000 638,141 Asia Air Survey Co., Ltd........................... 18,000 70,952 #* Asia Growth Capital, Ltd........................... 401,200 662,325 Asunaro Aoki Construction Co., Ltd................. 154,000 1,042,167 Bando Chemical Industries, Ltd..................... 471,000 1,714,436 # Benefit One, Inc................................... 99,700 1,057,379 Bunka Shutter Co., Ltd............................. 318,000 2,569,405 Career Design Center Co., Ltd...................... 26,700 207,723 Central Glass Co., Ltd............................. 1,249,000 5,245,117 Central Security Patrols Co., Ltd.................. 41,900 427,616 Chiyoda Integre Co., Ltd........................... 75,200 1,408,116 # Chodai Co., Ltd.................................... 20,000 117,742 Chudenko Corp...................................... 113,700 1,832,106 Chugai Ro Co., Ltd................................. 384,000 893,630 CKD Corp........................................... 346,400 3,299,619 Cosel Co., Ltd..................................... 125,300 1,346,766 # CTI Engineering Co., Ltd........................... 74,400 919,818 Dai-Dan Co., Ltd................................... 160,000 908,373 Daido Kogyo Co., Ltd............................... 206,000 436,570 1776 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) Daifuku Co., Ltd................................... 596,200 $6,830,054 Daihatsu Diesel Manufacturing Co., Ltd............. 86,000 690,264 Daihen Corp........................................ 614,000 2,961,811 # Daiho Corp......................................... 366,000 1,578,427 Daiichi Jitsugyo Co., Ltd.......................... 258,000 1,332,498 Daiseki Co., Ltd................................... 229,963 3,899,257 Daiseki Eco. Solution Co., Ltd..................... 7,200 106,417 #* Daisue Construction Co., Ltd....................... 33,700 234,246 Daiwa Industries, Ltd.............................. 178,000 1,081,676 Daiwa Odakyu Construction Co....................... 5,400 32,241 #* Danto Holdings Corp................................ 165,000 212,682 Denyo Co., Ltd..................................... 87,100 1,438,430 # Dijet Industrial Co., Ltd.......................... 88,000 178,975 DMG Mori Seiki Co., Ltd............................ 600,500 7,788,991 DMW Corp........................................... 4,800 74,709 # Duskin Co., Ltd.................................... 228,800 3,611,176 # Ebara Jitsugyo Co., Ltd............................ 41,400 498,399 Eidai Co., Ltd..................................... 118,000 453,413 # Emori Group Holdings Co., Ltd...................... 48,300 427,479 en-japan, Inc...................................... 64,200 932,779 # Endo Lighting Corp................................. 61,900 695,574 #* Enshu, Ltd......................................... 281,000 267,721 Freund Corp........................................ 9,900 102,505 Fudo Tetra Corp.................................... 1,012,700 2,066,871 Fujikura, Ltd...................................... 2,042,000 8,483,729 #* Fujisash Co., Ltd.................................. 449,200 589,953 # Fujitec Co., Ltd................................... 449,500 4,606,400 Fukuda Corp........................................ 508,000 4,035,396 Fukushima Industries Corp.......................... 80,400 1,206,395 # Fukuyama Transporting Co., Ltd..................... 814,400 4,553,748 * FULLCAST Holdings Co., Ltd......................... 56,800 221,986 # Funai Soken Holdings, Inc.......................... 120,700 975,617 # Furukawa Co., Ltd.................................. 1,606,000 2,635,892 # Furukawa Electric Co., Ltd......................... 4,945,000 8,225,941 Furusato Industries, Ltd........................... 53,500 720,410 Futaba Corp........................................ 128,700 2,071,931 Gecoss Corp........................................ 112,400 1,497,716 Glory, Ltd......................................... 274,400 7,191,063 Hamakyorex Co., Ltd................................ 42,700 1,509,576 Hanwa Co., Ltd..................................... 1,245,000 4,650,915 # Harmonic Drive Systems, Inc........................ 154,400 2,446,694 Hazama Ando Corp................................... 1,058,900 6,935,285 # Hibiya Engineering, Ltd............................ 124,300 1,639,177 Hisaka Works, Ltd.................................. 103,100 844,229 # Hitachi Koki Co., Ltd.............................. 315,400 2,271,577 Hitachi Metals Techno, Ltd......................... 56,500 572,971 Hitachi Transport System, Ltd...................... 275,300 3,601,595 Hitachi Zosen Corp................................. 1,020,079 5,589,123 # Hokuetsu Industries Co., Ltd....................... 109,000 987,473 Hokuriku Electrical Construction Co., Ltd.......... 82,000 559,782 Hosokawa Micron Corp............................... 181,000 1,116,623 Howa Machinery, Ltd................................ 74,200 467,149 # Ichiken Co., Ltd................................... 147,000 400,955 1777 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) ICHINEN HOLDINGS Co., Ltd.......................... 117,500 $1,090,303 Idec Corp.......................................... 163,400 1,441,475 Iino Kaiun Kaisha, Ltd............................. 522,400 3,048,927 Inaba Denki Sangyo Co., Ltd........................ 141,200 4,768,374 # Inaba Seisakusho Co., Ltd.......................... 51,100 579,050 Inabata & Co., Ltd................................. 317,300 2,891,659 # Inui Global Logistics Co., Ltd..................... 69,880 581,120 # Iseki & Co., Ltd................................... 1,142,000 2,178,698 Ishii Iron Works Co., Ltd.......................... 110,000 207,767 #* Ishikawa Seisakusho, Ltd........................... 37,000 32,628 # Itoki Corp......................................... 220,000 1,086,240 Iwasaki Electric Co., Ltd.......................... 383,000 755,055 # Iwatani Corp....................................... 1,118,000 7,217,682 # Jalux, Inc......................................... 42,600 785,061 Jamco Corp......................................... 80,000 2,171,556 # Japan Foundation Engineering Co., Ltd.............. 123,000 406,370 Japan Pulp & Paper Co., Ltd........................ 469,000 1,321,520 # Japan Steel Works, Ltd. (The)...................... 2,018,000 8,072,386 Japan Transcity Corp............................... 249,000 798,561 # JK Holdings Co., Ltd............................... 92,540 436,284 # Juki Corp.......................................... 929,000 3,036,567 Kamei Corp......................................... 153,000 1,011,147 Kanaden Corp....................................... 116,000 782,521 Kanagawa Chuo Kotsu Co., Ltd....................... 195,000 978,208 # Kanamoto Co., Ltd.................................. 169,400 4,407,326 # Kandenko Co., Ltd.................................. 644,000 3,807,152 Kanematsu Corp..................................... 2,418,625 3,445,092 * Kanematsu-NNK Corp................................. 43,000 57,201 # Katakura Industries Co., Ltd....................... 140,000 1,451,874 Kato Works Co., Ltd................................ 318,000 2,486,388 # KAWADA TECHNOLOGIES, Inc........................... 60,600 2,154,442 Kawasaki Kinkai Kisen Kaisha, Ltd.................. 99,000 355,706 Keihin Co., Ltd.................................... 256,000 410,905 * KI Holdings Co., Ltd............................... 91,000 382,821 Kimura Chemical Plants Co., Ltd.................... 21,400 91,588 # King Jim Co., Ltd.................................. 30,400 191,318 #* Kinki Sharyo Co., Ltd. (The)....................... 157,000 439,455 Kintetsu World Express, Inc........................ 92,100 3,921,807 Kitagawa Iron Works Co., Ltd....................... 510,000 1,019,284 Kitano Construction Corp........................... 266,000 798,716 # Kito Corp.......................................... 106,600 1,021,377 Kitz Corp.......................................... 541,400 2,570,816 * Kobe Electric Railway Co., Ltd..................... 25,000 78,325 # Kobelco Eco-Solutions Co., Ltd..................... 100,000 563,774 Koike Sanso Kogyo Co., Ltd......................... 149,000 531,756 Kokusai Co., Ltd................................... 39,500 633,979 Kokuyo Co., Ltd.................................... 543,125 4,139,495 # KOMAIHALTEC, Inc................................... 234,000 554,828 Komatsu Wall Industry Co., Ltd..................... 41,200 871,740 Komori Corp........................................ 358,800 3,878,867 Kondotec, Inc...................................... 127,600 892,169 Konoike Transport Co., Ltd......................... 29,600 608,097 Kosaido Co., Ltd................................... 275,700 1,119,513 1778 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) KRS Corp........................................... 37,200 $ 454,456 #* Kumagai Gumi Co., Ltd.............................. 1,799,000 5,693,357 # Kuroda Electric Co., Ltd........................... 219,000 3,137,661 Kyodo Printing Co., Ltd............................ 540,000 1,809,877 Kyokuto Boeki Kaisha, Ltd.......................... 58,000 108,460 Kyokuto Kaihatsu Kogyo Co., Ltd.................... 210,100 2,375,135 Kyoritsu Printing Co., Ltd......................... 96,800 239,580 Kyowa Exeo Corp.................................... 491,900 5,191,340 Kyudenko Corp...................................... 225,000 3,021,808 # Link And Motivation, Inc........................... 251,400 348,404 #* Lonseal Corp....................................... 116,000 141,918 Maeda Corp......................................... 845,000 6,474,187 # Maeda Kosen Co., Ltd............................... 103,400 992,401 Maeda Road Construction Co., Ltd................... 396,000 6,249,130 Maezawa Industries, Inc............................ 35,700 97,278 Maezawa Kasei Industries Co., Ltd.................. 46,900 517,082 Maezawa Kyuso Industries Co., Ltd.................. 49,600 614,459 Makino Milling Machine Co., Ltd.................... 674,000 5,791,360 Marubeni Construction Material Lease Co., Ltd...... 75,000 192,953 Marufuji Sheet Piling Co., Ltd..................... 58,000 178,676 # Maruka Machinery Co., Ltd.......................... 33,100 471,980 Maruyama Manufacturing Co., Inc.................... 237,000 462,702 Maruzen Co., Ltd................................... 46,000 410,414 # Maruzen Showa Unyu Co., Ltd........................ 309,000 1,040,681 Matsuda Sangyo Co., Ltd............................ 82,582 937,273 Matsui Construction Co., Ltd....................... 128,600 750,879 Max Co., Ltd....................................... 197,000 2,141,279 Meidensha Corp..................................... 1,181,050 3,522,876 # Meiji Shipping Co., Ltd............................ 114,200 413,228 # Meisei Industrial Co., Ltd......................... 258,000 1,528,837 Meitec Corp........................................ 184,400 5,381,095 Meito Transportation Co., Ltd...................... 22,000 136,610 # Meiwa Corp......................................... 166,400 649,754 Mesco, Inc......................................... 22,000 153,884 Mirait Holdings Corp............................... 382,485 4,434,381 Mitani Corp........................................ 70,200 1,614,874 Mitsubishi Nichiyu Forklift Co., Ltd............... 164,200 1,008,809 Mitsubishi Pencil Co., Ltd......................... 111,200 3,284,731 Mitsuboshi Belting Co., Ltd........................ 337,000 2,754,345 Mitsui Engineering & Shipbuilding Co., Ltd......... 4,936,000 8,024,934 # Mitsui Matsushima Co., Ltd......................... 872,000 921,424 Mitsui-Soko Holdings Co., Ltd...................... 632,000 2,118,811 Mitsumura Printing Co., Ltd........................ 93,000 209,641 # Miura Co., Ltd..................................... 418,200 4,723,591 # Miyaji Engineering Group, Inc...................... 388,175 598,342 # MonotaRO Co., Ltd.................................. 219,100 5,557,955 Morita Holdings Corp............................... 239,000 2,637,789 Moshi Moshi Hotline, Inc........................... 39,100 431,438 # NAC Co., Ltd....................................... 60,600 547,932 Nachi-Fujikoshi Corp............................... 1,055,000 5,672,900 # Nagase & Co., Ltd.................................. 339,600 4,221,800 Nakabayashi Co., Ltd............................... 217,000 398,786 Nakano Corp........................................ 14,800 48,754 1779 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Industrials -- (Continued) Namura Shipbuilding Co., Ltd....................... 223,528 $ 2,262,404 # Narasaki Sangyo Co., Ltd........................... 103,000 272,819 NDS Co., Ltd....................................... 248,000 631,947 NEC Capital Solutions, Ltd......................... 45,100 678,671 # Nichias Corp....................................... 598,000 3,283,265 Nichiban Co., Ltd.................................. 122,000 473,851 Nichiden Corp...................................... 23,300 484,496 Nichiha Corp....................................... 147,880 1,582,891 Nichireki Co., Ltd................................. 152,000 1,194,905 Nihon M&A Center, Inc.............................. 203,300 7,055,779 # Nihon Trim Co., Ltd................................ 32,500 729,066 Nikkato Corp....................................... 700 2,427 Nikko Co., Ltd..................................... 160,000 542,879 Nippo Corp......................................... 145,000 2,254,673 Nippon Air Conditioning Services Co., Ltd.......... 13,400 98,972 # Nippon Carbon Co., Ltd............................. 663,000 1,353,270 Nippon Conveyor Co., Ltd........................... 65,000 129,940 Nippon Densetsu Kogyo Co., Ltd..................... 237,000 3,400,646 Nippon Filcon Co., Ltd............................. 70,900 285,399 Nippon Hume Corp................................... 133,200 982,101 # Nippon Jogesuido Sekkei Co., Ltd................... 31,100 506,874 Nippon Kanzai Co., Ltd............................. 43,000 935,246 Nippon Koei Co., Ltd............................... 401,000 1,611,802 Nippon Konpo Unyu Soko Co., Ltd.................... 367,100 5,720,306 # Nippon Parking Development Co., Ltd................ 1,214,800 1,300,519 Nippon Rietec Co., Ltd............................. 7,000 59,278 Nippon Road Co., Ltd. (The)........................ 395,000 1,885,940 Nippon Seisen Co., Ltd............................. 103,000 585,015 # Nippon Sharyo, Ltd................................. 434,000 1,304,788 * Nippon Sheet Glass Co., Ltd........................ 6,334,000 5,815,273 Nippon Steel & Sumikin Bussan Corp................. 983,599 3,593,519 Nippon Steel & Sumikin Texeng Co., Ltd............. 300,000 1,300,217 Nippon Thompson Co., Ltd........................... 422,000 2,044,755 Nippon Tungsten Co., Ltd........................... 62,000 95,514 Nishi-Nippon Railroad Co., Ltd..................... 1,766,000 7,645,376 # Nishimatsu Construction Co., Ltd................... 1,855,000 7,451,866 Nishio Rent All Co., Ltd........................... 92,800 2,842,670 # Nissei ASB Machine Co., Ltd........................ 45,400 1,067,853 Nissei Corp........................................ 37,900 332,135 Nissei Plastic Industrial Co., Ltd................. 241,800 2,846,643 # Nissha Printing Co., Ltd........................... 162,100 2,598,405 Nisshinbo Holdings, Inc............................ 929,000 10,439,349 Nissin Corp........................................ 400,000 996,232 # Nissin Electric Co., Ltd........................... 284,000 1,686,226 Nitta Corp......................................... 114,800 2,757,725 Nitto Boseki Co., Ltd.............................. 924,000 3,231,546 # Nitto Kogyo Corp................................... 162,300 3,129,498 Nitto Kohki Co., Ltd............................... 70,500 1,312,660 Nitto Seiko Co., Ltd............................... 153,000 489,379 # Nittoc Construction Co., Ltd....................... 206,000 986,755 Nittoku Engineering Co., Ltd....................... 88,200 962,265 Noda Corp.......................................... 158,100 555,105 Nomura Co., Ltd.................................... 222,800 2,101,510 1780 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) Noritake Co., Ltd.................................. 654,000 $1,641,067 Noritz Corp........................................ 198,100 3,118,863 # NS United Kaiun Kaisha, Ltd........................ 604,000 1,967,725 # Obara Group, Inc................................... 80,000 3,992,722 Obayashi Road Corp................................. 175,000 1,022,841 # Odelic Co., Ltd.................................... 17,800 435,884 Oiles Corp......................................... 169,850 3,134,469 Okabe Co., Ltd..................................... 249,100 2,148,029 #* Okamoto Machine Tool Works, Ltd.................... 205,000 235,150 Okamura Corp....................................... 391,100 2,864,932 # OKK Corp........................................... 437,000 607,961 # OKUMA Corp......................................... 868,000 7,385,843 Okumura Corp....................................... 1,028,400 4,692,758 Onamba Co., Ltd.................................... 1,500 7,259 # Onoken Co., Ltd.................................... 89,800 734,762 Organo Corp........................................ 235,000 948,053 OSG Corp........................................... 457,200 8,417,865 Outsourcing, Inc................................... 56,200 868,667 Oyo Corp........................................... 96,400 1,411,757 # Pasco Corp......................................... 124,000 353,992 # Pasona Group, Inc.................................. 130,500 739,887 # Penta-Ocean Construction Co., Ltd.................. 1,726,100 6,578,917 Pilot Corp......................................... 96,700 5,731,389 # Prestige International, Inc........................ 109,300 935,494 Pronexus, Inc...................................... 133,200 845,207 # PS Mitsubishi Construction Co., Ltd................ 141,300 584,085 Raito Kogyo Co., Ltd............................... 302,700 2,998,992 Rheon Automatic Machinery Co., Ltd................. 98,000 407,156 Ryobi, Ltd......................................... 802,200 2,157,773 Sakai Heavy Industries, Ltd........................ 244,000 638,048 # Sakai Moving Service Co., Ltd...................... 23,500 776,918 Sanki Engineering Co., Ltd......................... 306,200 1,857,172 # Sanko Metal Industrial Co., Ltd.................... 136,000 297,070 Sankyo Tateyama, Inc............................... 171,000 2,629,717 Sankyu, Inc........................................ 1,561,000 6,244,734 # Sanoyas Holdings Corp.............................. 40,600 129,625 Sanwa Holdings Corp................................ 1,262,100 8,727,619 Sanyo Denki Co., Ltd............................... 261,000 1,874,861 Sanyo Engineering & Construction, Inc.............. 48,000 211,378 Sanyo Industries, Ltd.............................. 99,000 177,489 # Sata Construction Co., Ltd......................... 439,000 515,087 # Sato Holdings Corp................................. 134,200 3,105,592 Sato Shoji Corp.................................... 68,700 433,730 SBS Holdings, Inc.................................. 90,200 718,344 # Secom Joshinetsu Co., Ltd.......................... 33,900 876,517 Seibu Electric Industry Co., Ltd................... 70,000 285,385 Seika Corp......................................... 322,000 796,014 Seikitokyu Kogyo Co., Ltd.......................... 183,500 865,943 Seino Holdings Co., Ltd............................ 207,000 2,252,433 Sekisui Jushi Corp................................. 176,600 2,347,647 # Senko Co., Ltd..................................... 563,000 3,254,390 # Senshu Electric Co., Ltd........................... 37,300 498,106 Shibusawa Warehouse Co., Ltd. (The)................ 271,000 792,511 1781 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) # Shibuya Kogyo Co., Ltd............................. 89,700 $1,859,402 Shima Seiki Manufacturing, Ltd..................... 174,800 3,068,005 Shin Nippon Air Technologies Co., Ltd.............. 88,780 723,012 # Shin-Keisei Electric Railway Co., Ltd.............. 182,000 618,537 Shinmaywa Industries, Ltd.......................... 541,000 5,269,911 Shinnihon Corp..................................... 194,800 735,675 Shinsho Corp....................................... 287,000 644,788 Shinwa Co., Ltd.................................... 8,400 96,275 # Shoko Co., Ltd..................................... 416,000 579,820 # Showa Aircraft Industry Co., Ltd................... 17,237 167,215 Sinfonia Technology Co., Ltd....................... 583,000 923,868 Sinko Industries, Ltd.............................. 113,900 1,320,503 Sintokogio, Ltd.................................... 272,700 1,925,141 Soda Nikka Co., Ltd................................ 67,000 285,749 # Sodick Co., Ltd.................................... 144,300 1,244,594 Sotetsu Holdings, Inc.............................. 688,000 3,146,268 # Space Co., Ltd..................................... 63,720 621,601 # Srg Takamiya Co., Ltd.............................. 100,000 982,218 Star Micronics Co., Ltd............................ 225,200 2,813,478 Subaru Enterprise Co., Ltd......................... 55,000 206,156 Sugimoto & Co., Ltd................................ 30,500 323,143 Sumitomo Densetsu Co., Ltd......................... 107,400 1,272,297 #* Sumitomo Mitsui Construction Co., Ltd.............. 4,622,300 6,472,452 Sumitomo Precision Products Co., Ltd............... 194,000 829,135 Sumitomo Warehouse Co., Ltd. (The)................. 843,000 4,718,462 #* SWCC Showa Holdings Co., Ltd....................... 1,732,000 1,448,146 Taihei Dengyo Kaisha, Ltd.......................... 167,000 1,276,660 # Taiheiyo Kouhatsu, Inc............................. 407,000 334,422 # Taikisha, Ltd...................................... 168,200 4,001,286 # Takano Co., Ltd.................................... 49,400 251,626 # Takaoka Toko Co., Ltd.............................. 44,820 663,805 Takara Printing Co., Ltd........................... 34,055 251,561 Takara Standard Co., Ltd........................... 522,000 3,972,347 Takasago Thermal Engineering Co., Ltd.............. 328,800 4,124,875 Takashima & Co., Ltd............................... 232,000 480,200 Takeei Corp........................................ 123,000 949,816 # Takeuchi Manufacturing Co., Ltd.................... 69,300 2,541,738 Takigami Steel Construction Co., Ltd. (The)........ 50,000 245,987 # Takisawa Machine Tool Co., Ltd..................... 379,000 679,810 Takuma Co., Ltd.................................... 449,000 3,165,042 # Tanseisha Co., Ltd................................. 147,300 1,008,014 # Tatsuta Electric Wire and Cable Co., Ltd........... 283,600 1,182,297 TECHNO ASSOCIE Co., Ltd............................ 58,400 536,583 Techno Ryowa, Ltd.................................. 71,390 325,056 Teikoku Electric Manufacturing Co., Ltd............ 92,000 956,682 Teikoku Sen-I Co., Ltd............................. 105,100 2,185,541 Teraoka Seisakusho Co., Ltd........................ 53,600 250,997 Toa Corp........................................... 1,135,000 1,930,886 TOA ROAD Corp...................................... 274,000 1,004,329 #* Tobishima Corp..................................... 1,268,800 2,767,571 Tocalo Co., Ltd.................................... 84,700 1,425,903 Toda Corp.......................................... 1,204,000 4,305,916 Toenec Corp........................................ 218,000 1,085,739 1782 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) TOKAI Holdings Corp................................ 540,200 $2,433,884 Tokai Lease Co., Ltd............................... 154,000 278,335 Tokyo Energy & Systems, Inc........................ 143,000 1,022,842 # Tokyo Keiki, Inc................................... 364,000 870,460 #* Tokyo Kikai Seisakusho, Ltd........................ 256,000 160,457 # Tokyo Sangyo Co., Ltd.............................. 81,000 328,340 Toli Corp.......................................... 269,000 559,922 Tomoe Corp......................................... 156,400 570,001 Tomoe Engineering Co., Ltd......................... 38,300 545,846 Tonami Holdings Co., Ltd........................... 331,000 1,167,175 Toppan Forms Co., Ltd.............................. 307,200 3,191,879 # Torishima Pump Manufacturing Co., Ltd.............. 120,500 885,504 Toshiba Machine Co., Ltd........................... 682,000 2,615,311 Toshiba Plant Systems & Services Corp.............. 237,550 3,641,118 # Tosho Printing Co., Ltd............................ 243,000 663,216 Totetsu Kogyo Co., Ltd............................. 149,300 3,563,534 # Toyo Construction Co., Ltd......................... 388,000 1,858,915 Toyo Denki Seizo--Toyo Electric Manufacturing Co., Ltd.............................................. 213,000 769,744 # Toyo Engineering Corp.............................. 653,400 2,202,068 Toyo Machinery & Metal Co., Ltd.................... 87,400 337,907 # Toyo Tanso Co., Ltd................................ 68,900 1,104,915 # Toyo Wharf & Warehouse Co., Ltd.................... 350,000 593,348 # Trancom Co., Ltd................................... 43,300 1,856,868 Trinity Industrial Corp............................ 19,000 69,419 Trusco Nakayama Corp............................... 116,000 3,089,363 Trust Tech, Inc.................................... 19,200 280,338 Tsubakimoto Chain Co............................... 854,700 6,881,514 Tsubakimoto Kogyo Co., Ltd......................... 117,000 300,886 #* Tsudakoma Corp..................................... 303,000 400,060 # Tsugami Corp....................................... 406,000 2,319,129 Tsukishima Kikai Co., Ltd.......................... 130,900 1,413,441 Tsurumi Manufacturing Co., Ltd..................... 94,900 1,584,694 TTK Co., Ltd....................................... 62,000 252,600 Uchida Yoko Co., Ltd............................... 331,000 1,032,161 # Ueki Corp.......................................... 364,000 824,443 Union Tool Co...................................... 64,700 1,806,784 # Ushio, Inc......................................... 266,700 3,089,755 Utoc Corp.......................................... 101,600 522,301 Wakachiku Construction Co., Ltd.................... 1,204,000 2,060,778 Wakita & Co., Ltd.................................. 226,200 2,144,007 Weathernews, Inc................................... 37,900 960,044 # Yahagi Construction Co., Ltd....................... 164,000 1,221,187 YAMABIKO Corp...................................... 46,982 2,021,954 Yamato Corp........................................ 82,000 296,098 Yamaura Corp....................................... 16,200 54,472 Yamazen Corp....................................... 305,500 2,147,622 Yasuda Logistics Corp.............................. 100,100 876,610 Yokogawa Bridge Holdings Corp...................... 182,700 2,046,737 Yondenko Corp...................................... 132,800 510,836 Yuasa Trading Co., Ltd............................. 108,000 2,222,360 Yuken Kogyo Co., Ltd............................... 202,000 419,069 # Yumeshin Holdings Co., Ltd......................... 146,700 931,469 Yurtec Corp........................................ 256,000 1,730,524 1783 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Industrials -- (Continued) Yusen Logistics Co., Ltd........................... 112,700 $ 1,349,390 # Zuiko Corp......................................... 17,000 670,636 ------------ Total Industrials...................................... 740,655,711 ------------ Information Technology -- (10.2%) A&D Co., Ltd....................................... 123,700 516,269 Ai Holdings Corp................................... 255,500 4,448,716 # Aichi Tokei Denki Co., Ltd......................... 192,000 530,651 # Aiphone Co., Ltd................................... 81,300 1,275,420 # Allied Telesis Holdings K.K........................ 470,700 375,034 Alpha Systems, Inc................................. 33,460 444,480 # Amano Corp......................................... 385,100 4,093,137 # Anritsu Corp....................................... 865,700 5,676,051 AOI Electronic Co., Ltd............................ 27,700 1,247,693 Argo Graphics, Inc................................. 23,300 362,619 Arisawa Manufacturing Co., Ltd..................... 195,800 1,491,071 Asahi Net, Inc..................................... 59,600 257,157 Axell Corp......................................... 48,900 690,626 Azbil Corp......................................... 187,600 4,661,276 # Bit-isle, Inc...................................... 127,200 545,234 Broadleaf Co., Ltd................................. 104,700 1,615,980 CAC Holdings Corp.................................. 52,000 498,223 Canon Electronics, Inc............................. 135,800 2,401,841 Capcom Co., Ltd.................................... 300,100 5,027,818 Chino Corp......................................... 38,200 380,376 #* CMK Corp........................................... 267,600 756,665 Computer Engineering & Consulting, Ltd............. 76,400 652,878 CONEXIO Corp....................................... 129,600 1,165,902 #* COOKPAD, Inc....................................... 97,100 3,886,334 Cresco, Ltd........................................ 27,300 383,256 # CROOZ, Inc......................................... 33,300 572,844 # Cybozu, Inc........................................ 95,800 289,283 # Dai-ichi Seiko Co., Ltd............................ 57,200 1,044,062 # Daishinku Corp..................................... 193,000 561,660 Daito Electron Co., Ltd............................ 5,900 29,778 Daiwabo Holdings Co., Ltd.......................... 1,220,000 2,034,478 Denki Kogyo Co., Ltd............................... 258,000 1,142,743 DKK-Toa Corp....................................... 38,200 187,387 DTS Corp........................................... 125,500 2,634,354 Eizo Corp.......................................... 112,900 2,452,898 Elecom Co., Ltd.................................... 52,200 1,188,535 Elematec Corp...................................... 54,671 1,201,158 EM Systems Co., Ltd................................ 18,500 262,239 # Enplas Corp........................................ 58,100 2,073,288 ESPEC Corp......................................... 101,300 917,109 Excel Co., Ltd..................................... 50,700 556,169 # F@N Communications, Inc............................ 193,200 2,174,382 Faith, Inc......................................... 27,910 293,663 #* FDK Corp........................................... 682,000 859,766 Ferrotec Corp...................................... 179,000 900,565 # Fuji Electronics Co., Ltd.......................... 55,100 668,327 Fuji Soft, Inc..................................... 120,000 2,401,374 Fujitsu Frontech, Ltd.............................. 77,500 887,184 1784 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ---------- Information Technology -- (Continued) # Furuno Electric Co., Ltd........................... 135,500 $1,394,389 Furuya Metal Co., Ltd.............................. 11,300 273,674 Future Architect, Inc.............................. 132,900 726,618 GMO internet, Inc.................................. 408,000 3,368,721 # GMO Payment Gateway, Inc........................... 101,400 1,758,270 # Gree, Inc.......................................... 556,500 3,170,110 Gurunavi, Inc...................................... 177,800 2,837,208 Hakuto Co., Ltd.................................... 86,900 898,528 Hioki EE Corp...................................... 47,000 707,003 Hitachi Kokusai Electric, Inc...................... 337,500 4,587,235 # Hochiki Corp....................................... 147,000 1,113,017 # Hokuriku Electric Industry Co., Ltd................ 496,000 737,194 Horiba, Ltd........................................ 218,850 7,128,241 Hosiden Corp....................................... 264,400 1,419,662 I-Net Corp/Kanagawa................................ 55,500 423,722 Icom, Inc.......................................... 47,900 1,112,752 # Ikegami Tsushinki Co., Ltd......................... 318,000 473,174 Imagica Robot Holdings, Inc........................ 53,800 226,810 Ines Corp.......................................... 202,300 1,510,777 Infocom Corp....................................... 82,700 630,820 Information Services International-Dentsu, Ltd..... 78,100 763,133 Innotech Corp...................................... 95,700 397,427 # Internet Initiative Japan, Inc..................... 194,900 4,088,309 # Iriso Electronics Co., Ltd......................... 52,000 3,022,668 IT Holdings Corp................................... 519,701 8,632,449 Itfor, Inc......................................... 56,300 217,885 Iwatsu Electric Co., Ltd........................... 515,000 422,717 Japan Aviation Electronics Industry, Ltd........... 63,600 1,437,421 Japan Digital Laboratory Co., Ltd.................. 96,300 1,331,874 * Japan Radio Co., Ltd............................... 335,000 1,067,252 # Jastec Co., Ltd.................................... 55,800 430,985 # JBCC Holdings, Inc................................. 90,000 580,820 * Justsystems Corp................................... 165,300 1,019,521 # Kaga Electronics Co., Ltd.......................... 116,400 1,478,872 Kanematsu Electronics, Ltd......................... 74,100 1,115,116 #* KLab, Inc.......................................... 173,300 1,793,184 Koa Corp........................................... 199,700 1,828,575 Koei Tecmo Holdings Co., Ltd....................... 38,630 582,581 Kyoden Co., Ltd.................................... 1,300 2,315 # Kyoei Sangyo Co., Ltd.............................. 97,000 162,460 Kyosan Electric Manufacturing Co., Ltd............. 283,000 900,674 # Kyowa Electronics Instruments Co., Ltd............. 139,000 537,530 # LAC Co., Ltd....................................... 85,100 633,392 Lasertec Corp...................................... 23,500 290,674 #* Livesense, Inc..................................... 62,000 377,509 # Macnica, Inc....................................... 59,700 1,759,536 Marubun Corp....................................... 98,500 660,577 Maruwa Co., Ltd.................................... 53,800 1,453,247 # Marvelous, Inc..................................... 202,000 3,028,899 Megachips Corp..................................... 125,500 1,507,775 # Meiko Electronics Co., Ltd......................... 115,000 362,136 # Melco Holdings, Inc................................ 77,700 1,226,408 # Micronics Japan Co., Ltd........................... 84,400 2,282,117 1785 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Information Technology -- (Continued) Mimasu Semiconductor Industry Co., Ltd............. 103,581 $1,171,853 Miraial Co., Ltd................................... 30,700 395,922 Miroku Jyoho Service Co., Ltd...................... 99,500 570,631 Mitsubishi Research Institute, Inc................. 32,500 780,043 Mitsui High-Tec, Inc............................... 155,100 1,043,996 Mitsumi Electric Co., Ltd.......................... 400,600 3,055,176 MTI, Ltd........................................... 86,800 1,093,722 # Mutoh Holdings Co., Ltd............................ 117,000 458,295 Nagano Keiki Co., Ltd.............................. 5,500 31,751 Nakayo, Inc........................................ 407,000 1,312,758 NEC Networks & System Integration Corp............. 140,600 3,021,592 # NET One Systems Co., Ltd........................... 541,100 3,233,924 * New Japan Radio Co., Ltd........................... 99,000 402,292 # Nichicon Corp...................................... 334,000 2,542,212 NIFTY Corp......................................... 47,400 529,635 # Nihon Dempa Kogyo Co., Ltd......................... 105,700 842,610 Nihon Unisys, Ltd.................................. 350,975 3,068,874 # Nippon Ceramic Co., Ltd............................ 64,000 964,407 * Nippon Chemi-Con Corp.............................. 970,000 2,736,912 # Nippon Kodoshi Corp................................ 25,000 347,847 Nippon Signal Co., Ltd. (The)...................... 319,600 3,475,913 Nippon Systemware Co., Ltd......................... 29,400 233,986 Nohmi Bosai, Ltd................................... 136,400 1,706,093 Noritsu Koki Co., Ltd.............................. 79,000 427,299 NS Solutions Corp.................................. 99,900 2,425,348 # NSD Co., Ltd....................................... 164,800 2,544,728 # Nuflare Technology, Inc............................ 19,000 692,229 Ohara, Inc......................................... 47,600 228,013 # Oizumi Corp........................................ 28,500 207,557 Okaya Electric Industries Co., Ltd................. 73,000 269,839 Oki Electric Industry Co., Ltd..................... 4,385,000 8,956,734 ONO Sokki Co., Ltd................................. 60,100 462,872 Optex Co., Ltd..................................... 72,600 1,180,076 # Origin Electric Co., Ltd........................... 178,000 753,469 # Osaki Electric Co., Ltd............................ 173,000 1,175,925 Panasonic Industrial Devices SUNX Co., Ltd......... 114,800 809,429 Panasonic Information Systems...................... 15,400 390,181 PCA Corp........................................... 2,500 34,921 Riken Keiki Co., Ltd............................... 78,300 814,418 Riso Kagaku Corp................................... 185,800 3,230,278 Roland DG Corp..................................... 51,300 1,525,611 Ryoden Trading Co., Ltd............................ 179,000 1,231,033 Ryosan Co., Ltd.................................... 189,600 4,024,648 Ryoyo Electro Corp................................. 107,300 1,116,585 Sanken Electric Co., Ltd........................... 685,000 5,602,750 Sanshin Electronics Co., Ltd....................... 154,200 1,051,503 Satori Electric Co., Ltd........................... 88,380 568,409 # Saxa Holdings, Inc................................. 307,000 600,496 SCREEN Holdings Co., Ltd........................... 1,267,000 7,523,886 Shibaura Electronics Co., Ltd...................... 26,300 460,422 # Shibaura Mechatronics Corp......................... 206,000 508,664 Shindengen Electric Manufacturing Co., Ltd......... 441,000 2,365,267 #* Shinkawa, Ltd...................................... 59,000 343,595 1786 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ------------ Information Technology -- (Continued) Shinko Electric Industries Co., Ltd................ 437,200 $ 3,062,358 Shinko Shoji Co., Ltd.............................. 125,200 1,296,017 Shizuki Electric Co., Inc.......................... 103,000 502,845 Siix Corp.......................................... 95,600 2,052,327 SMK Corp........................................... 370,000 1,537,021 # SMS Co., Ltd....................................... 154,600 1,393,496 # Softbank Technology Corp........................... 30,300 324,417 * Softbrain Co., Ltd................................. 161,300 260,178 SRA Holdings....................................... 48,900 605,782 # Sumida Corp........................................ 110,649 736,372 Sun-Wa Technos Corp................................ 35,000 358,359 Systena Corp....................................... 120,000 867,845 # Tabuchi Electric Co., Ltd.......................... 149,300 1,326,884 Tachibana Eletech Co., Ltd......................... 71,300 984,914 Taiyo Yuden Co., Ltd............................... 661,300 8,206,015 # Tamura Corp........................................ 460,000 1,547,675 #* Teac Corp.......................................... 615,000 301,494 Teikoku Tsushin Kogyo Co., Ltd..................... 204,000 388,507 TKC Corp........................................... 107,700 1,907,059 # Toko, Inc.......................................... 214,000 569,941 Tokyo Electron Device, Ltd......................... 38,300 495,427 Tokyo Seimitsu Co., Ltd............................ 238,600 4,852,126 Tomen Devices Corp................................. 2,400 37,183 Tose Co., Ltd...................................... 22,100 138,356 Toshiba TEC Corp................................... 311,000 1,918,479 # Toukei Computer Co., Ltd........................... 26,810 381,544 Towa Corp.......................................... 128,100 780,729 Toyo Corp.......................................... 135,400 1,271,937 Transcosmos, Inc................................... 152,700 2,673,183 UKC Holdings Corp.................................. 66,800 1,025,878 #* Ulvac, Inc......................................... 256,800 3,678,272 Uniden Corp........................................ 377,000 713,112 # UT Holdings Co., Ltd............................... 195,000 796,751 # Vitec Co., Ltd..................................... 29,700 245,344 # Wacom Co., Ltd..................................... 909,600 3,843,200 # Wellnet Corp....................................... 31,500 575,594 Y A C Co., Ltd..................................... 31,000 171,855 Yamaichi Electronics Co., Ltd...................... 124,000 862,570 Yashima Denki Co., Ltd............................. 25,600 122,312 Yokowo Co., Ltd.................................... 88,700 480,234 Zappallas, Inc..................................... 55,900 313,453 # Zuken, Inc......................................... 66,300 659,968 ------------ Total Information Technology........................... 287,425,558 ------------ Materials -- (10.1%) Achilles Corp...................................... 935,000 1,200,507 ADEKA Corp......................................... 533,300 6,542,078 # Agro-Kanesho Co., Ltd.............................. 30,700 280,770 Aichi Steel Corp................................... 692,000 2,868,783 Alconix Corp....................................... 52,400 809,361 Arakawa Chemical Industries, Ltd................... 88,800 901,623 # Araya Industrial Co., Ltd.......................... 276,000 429,163 # Asahi Holdings, Inc................................ 160,050 2,375,209 1787 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Materials -- (Continued) Asahi Organic Chemicals Industry Co., Ltd.......... 424,000 $1,046,645 Asahi Printing Co., Ltd............................ 800 15,325 C Uyemura & Co., Ltd............................... 22,600 1,145,568 Carlit Holdings Co., Ltd........................... 73,800 449,619 Chuetsu Pulp & Paper Co., Ltd...................... 568,000 1,427,535 * Chugai Mining Co., Ltd............................. 1,012,400 240,941 Chugoku Marine Paints, Ltd......................... 355,000 3,124,840 Dai Nippon Toryo Co., Ltd.......................... 761,000 982,825 # Daido Steel Co., Ltd............................... 602,000 2,357,968 Daiichi Kigenso Kagaku-Kogyo Co., Ltd.............. 18,100 722,136 # Daiken Corp........................................ 401,000 908,587 # Daiki Aluminium Industry Co., Ltd.................. 157,000 415,606 Dainichiseika Color & Chemicals Manufacturing Co., Ltd.............................................. 417,000 2,270,416 Daio Paper Corp.................................... 538,500 4,650,787 Daiso Co., Ltd..................................... 430,000 1,602,576 DC Co., Ltd........................................ 113,900 451,169 Denki Kagaku Kogyo K.K............................. 1,727,000 6,804,579 # DKS Co., Ltd....................................... 213,000 676,409 Dynapac Co., Ltd................................... 25,000 57,107 # FP Corp............................................ 152,300 5,315,424 # Fuji Seal International, Inc....................... 134,400 4,294,418 Fujikura Kasei Co., Ltd............................ 149,700 727,245 Fujimi, Inc........................................ 108,700 1,688,091 Fujimori Kogyo Co., Ltd............................ 77,200 2,181,170 # Fumakilla, Ltd..................................... 62,000 187,687 Fuso Chemical Co., Ltd............................. 39,700 413,910 # Godo Steel, Ltd.................................... 899,000 1,446,710 Gun-Ei Chemical Industry Co., Ltd.................. 294,000 848,724 Harima Chemicals Group, Inc........................ 73,300 297,107 Hodogaya Chemical Co., Ltd......................... 349,000 566,662 Hokkan Holdings, Ltd............................... 283,000 719,589 Hokko Chemical Industry Co., Ltd................... 107,000 372,261 Hokuetsu Kishu Paper Co., Ltd...................... 882,699 4,157,327 Honshu Chemical Industry Co., Ltd.................. 14,000 110,442 # Ihara Chemical Industry Co., Ltd................... 211,000 2,368,214 Ise Chemical Corp.................................. 83,000 539,474 * Ishihara Sangyo Kaisha, Ltd........................ 1,926,500 1,672,288 # Ishizuka Glass Co., Ltd............................ 119,000 231,643 JCU Corp........................................... 27,700 1,278,308 # JSP Corp........................................... 106,400 2,126,318 * Kanto Denka Kogyo Co., Ltd......................... 250,000 1,185,425 Katakura Chikkarin Co., Ltd........................ 43,000 100,366 Kawakin Holdings Co., Ltd.......................... 11,000 26,533 # Kawasaki Kasei Chemicals, Ltd...................... 84,000 114,937 # Kimoto Co., Ltd.................................... 234,600 594,059 Koatsu Gas Kogyo Co., Ltd.......................... 163,493 833,454 Kogi Corp.......................................... 55,000 99,302 Kohsoku Corp....................................... 61,900 469,185 Konishi Co., Ltd................................... 92,300 1,581,963 Krosaki Harima Corp................................ 278,000 571,659 Kumiai Chemical Industry Co., Ltd.................. 271,000 2,108,963 Kureha Corp........................................ 786,500 3,276,521 Kurimoto, Ltd...................................... 702,000 1,316,949 1788 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Materials -- (Continued) # Kyoei Steel, Ltd..................................... 109,300 $2,030,784 Kyowa Leather Cloth Co., Ltd......................... 43,500 279,458 Lintec Corp.......................................... 312,600 6,878,840 MEC Co., Ltd......................................... 98,600 761,126 Mitani Sekisan Co., Ltd.............................. 24,700 420,713 * Mitsubishi Paper Mills, Ltd.......................... 1,728,000 1,271,999 Mitsubishi Steel Manufacturing Co., Ltd.............. 868,000 1,757,191 Mitsui Mining & Smelting Co., Ltd.................... 3,671,000 7,665,685 # MORESCO Corp......................................... 40,900 758,975 Mory Industries, Inc................................. 156,000 552,111 * Nakayama Steel Works, Ltd............................ 746,000 510,980 Neturen Co., Ltd..................................... 171,700 1,279,830 #* New Japan Chemical Co., Ltd.......................... 182,300 330,992 Nichia Steel Works, Ltd.............................. 169,900 494,569 Nihon Kagaku Sangyo Co., Ltd......................... 73,000 541,236 Nihon Nohyaku Co., Ltd............................... 261,700 3,077,858 Nihon Parkerizing Co., Ltd........................... 275,800 6,575,282 Nihon Yamamura Glass Co., Ltd........................ 503,000 728,731 # Nippon Carbide Industries Co., Inc................... 447,000 833,168 #* Nippon Chemical Industrial Co., Ltd.................. 491,000 1,296,156 Nippon Chutetsukan K.K............................... 113,000 225,534 # Nippon Concrete Industries Co., Ltd.................. 209,000 995,487 # Nippon Denko Co., Ltd................................ 692,914 1,746,482 Nippon Fine Chemical Co., Ltd........................ 85,600 613,097 Nippon Kasei Chemical Co., Ltd....................... 192,000 230,223 #* Nippon Kinzoku Co., Ltd.............................. 301,000 365,352 #* Nippon Koshuha Steel Co., Ltd........................ 473,000 434,878 Nippon Light Metal Holdings Co., Ltd................. 3,320,900 4,964,834 Nippon Pillar Packing Co., Ltd....................... 120,200 895,284 Nippon Soda Co., Ltd................................. 896,000 5,095,807 Nippon Synthetic Chemical Industry Co., Ltd. (The)... 295,000 1,814,072 Nippon Valqua Industries, Ltd........................ 503,000 1,327,092 #* Nippon Yakin Kogyo Co., Ltd.......................... 855,400 1,707,312 # Nisshin Steel Co., Ltd............................... 599,492 6,205,546 # Nitta Gelatin, Inc................................... 32,500 195,289 Nittetsu Mining Co., Ltd............................. 375,000 1,325,519 # Nitto FC Co., Ltd.................................... 65,700 384,368 NOF Corp............................................. 895,000 5,731,759 Okamoto Industries, Inc.............................. 417,000 1,528,704 Okura Industrial Co., Ltd............................ 305,000 900,713 Osaka Organic Chemical Industry, Ltd................. 66,000 277,796 Osaka Steel Co., Ltd................................. 85,700 1,619,944 # OSAKA Titanium Technologies Co., Ltd................. 116,400 2,438,916 #* Pacific Metals Co., Ltd.............................. 951,000 2,561,917 Pack Corp. (The)..................................... 81,900 1,609,923 #* Rasa Industries, Ltd................................. 494,000 549,422 # Rengo Co., Ltd....................................... 1,367,000 5,743,534 Riken Technos Corp................................... 218,800 805,369 Sakai Chemical Industry Co., Ltd..................... 587,000 2,088,900 Sakata INX Corp...................................... 242,000 2,560,215 Sanyo Chemical Industries, Ltd....................... 359,000 2,602,764 Sanyo Special Steel Co., Ltd......................... 666,300 2,236,149 Sekisui Plastics Co., Ltd............................ 270,000 1,047,071 1789 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Materials -- (Continued) Shikoku Chemicals Corp........................... 239,000 $ 1,856,377 Shin-Etsu Polymer Co., Ltd....................... 195,800 874,935 Shinagawa Refractories Co., Ltd.................. 257,000 578,326 # Shinko Wire Co., Ltd............................. 184,000 272,789 Stella Chemifa Corp.............................. 55,900 615,158 Sumitomo Bakelite Co., Ltd....................... 1,260,000 5,215,056 Sumitomo Osaka Cement Co., Ltd................... 2,729,000 7,935,523 # Sumitomo Seika Chemicals Co., Ltd................ 287,000 2,033,594 T Hasegawa Co., Ltd.............................. 131,600 1,900,899 # T&K Toka Co., Ltd................................ 38,700 733,552 # Taisei Lamick Co., Ltd........................... 29,600 712,597 Taiyo Holdings Co., Ltd.......................... 104,700 3,805,949 Takasago International Corp...................... 439,000 2,183,296 Takiron Co., Ltd................................. 304,000 1,348,943 * Tanaka Chemical Corp............................. 1,100 3,759 Tayca Corp....................................... 169,000 603,019 Tenma Corp....................................... 81,900 1,084,635 Toagosei Co., Ltd................................ 1,354,000 5,412,303 #* Toda Kogyo Corp.................................. 225,000 955,073 Toho Zinc Co., Ltd............................... 811,000 2,545,729 Tokai Carbon Co., Ltd............................ 1,326,000 3,820,613 Tokushu Tokai Paper Co., Ltd..................... 571,580 1,409,602 Tokuyama Corp.................................... 2,222,000 4,935,919 Tokyo Ohka Kogyo Co., Ltd........................ 147,300 5,065,132 * Tokyo Rope Manufacturing Co., Ltd................ 635,000 1,191,121 Tokyo Steel Manufacturing Co., Ltd............... 654,900 4,921,217 Tokyo Tekko Co., Ltd............................. 258,000 1,287,275 Tomoegawa Co., Ltd............................... 125,000 209,172 Tomoku Co., Ltd.................................. 345,000 826,434 Topy Industries, Ltd............................. 1,175,000 2,646,289 Toyo Ink SC Holdings Co., Ltd.................... 1,121,000 5,247,278 Toyo Kohan Co., Ltd.............................. 294,000 1,509,047 Toyobo Co., Ltd.................................. 5,943,000 7,992,962 TYK Corp......................................... 138,000 254,537 # UACJ Corp........................................ 1,529,415 3,756,225 Ube Industries, Ltd.............................. 3,144,000 4,708,629 Wood One Co., Ltd................................ 169,000 390,393 Yodogawa Steel Works, Ltd........................ 744,500 2,678,411 Yotai Refractories Co., Ltd...................... 8,000 25,626 Yuki Gosei Kogyo Co., Ltd........................ 64,000 145,395 Yushiro Chemical Industry Co., Ltd............... 62,500 972,831 ------------ Total Materials...................................... 284,121,036 ------------ Telecommunication Services -- (0.2%) #* Japan Communications, Inc........................ 781,600 3,345,124 Okinawa Cellular Telephone Co.................... 42,800 1,235,161 ------------ Total Telecommunication Services..................... 4,580,285 ------------ Utilities -- (0.4%) #* Hokkaido Electric Power Co., Inc................. 145,700 1,176,909 # Hokkaido Gas Co., Ltd............................ 270,000 660,732 Hokuriku Gas Co., Ltd............................ 99,000 239,114 1790 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- Utilities -- (Continued) K&O Energy Group, Inc............................ 77,500 $ 995,639 Okinawa Electric Power Co., Inc. (The)........... 93,671 3,244,948 Saibu Gas Co., Ltd............................... 1,860,000 4,119,597 Shizuoka Gas Co., Ltd............................ 307,000 1,960,390 -------------- Total Utilities...................................... 12,397,329 -------------- TOTAL COMMON STOCKS.................................. 2,496,125,298 -------------- SECURITIES LENDING COLLATERAL -- (11.2%) (S)@ DFA Short Term Investment Fund.................. 27,099,906 313,545,912 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,721,941,784)^^............................ $2,809,671,210 ============== 1791 THE JAPANESE SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- -------------- ------- -------------- Common Stocks Consumer Discretionary..... -- $ 511,934,615 -- $ 511,934,615 Consumer Staples........... -- 229,902,068 -- 229,902,068 Energy..................... -- 24,946,815 -- 24,946,815 Financials................. $4,769,265 276,731,026 -- 281,500,291 Health Care................ -- 118,661,590 -- 118,661,590 Industrials................ -- 740,655,711 -- 740,655,711 Information Technology..... -- 287,425,558 -- 287,425,558 Materials.................. -- 284,121,036 -- 284,121,036 Telecommunication Services................. -- 4,580,285 -- 4,580,285 Utilities.................. -- 12,397,329 -- 12,397,329 Securities Lending Collateral.................. -- 313,545,912 -- 313,545,912 ---------- -------------- -- -------------- TOTAL......................... $4,769,265 $2,804,901,945 -- $2,809,671,210 ========== ============== == ============== 1792 THE ASIA PACIFIC SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ---------- ----------- COMMON STOCKS -- (79.3%) AUSTRALIA -- (39.5%) * AAT Corp., Ltd..................................... 99 $ -- #* ABM Resources NL................................... 289,660 68,634 # Acrux, Ltd......................................... 653,577 773,234 Adelaide Brighton, Ltd............................. 3,733,767 10,347,508 * Aditya Birla Minerals, Ltd......................... 837,590 129,808 * AED Oil, Ltd....................................... 363,401 -- # Ainsworth Game Technology, Ltd..................... 800,329 1,823,334 * AJ Lucas Group, Ltd................................ 317,969 90,094 * Alchemia, Ltd...................................... 221,672 12,049 #* Alkane Resources, Ltd.............................. 1,255,636 255,311 * Alliance Resources, Ltd............................ 399,488 23,143 # ALS, Ltd........................................... 651,255 2,459,083 Altium, Ltd........................................ 200,244 466,020 * Altona Mining, Ltd................................. 1,108,169 198,416 AMA Group, Ltd..................................... 15,236 4,439 Amalgamated Holdings, Ltd.......................... 474,707 4,335,617 # Amcom Telecommunications, Ltd...................... 2,302,821 5,101,517 Ansell, Ltd........................................ 544,496 9,557,376 #* Antares Energy, Ltd................................ 1,279,135 175,361 # AP Eagers, Ltd..................................... 241,566 1,162,193 * APN News & Media, Ltd.............................. 4,716,055 2,966,783 #* Aquarius Platinum, Ltd............................. 5,108,664 1,095,291 * Arafura Resources, Ltd............................. 226,113 8,320 # ARB Corp., Ltd..................................... 481,571 4,315,761 Aristocrat Leisure, Ltd............................ 2,904,473 15,734,569 Arrium, Ltd........................................ 18,479,966 2,916,404 #* ASG Group, Ltd..................................... 924,665 473,570 * Atlantic, Ltd...................................... 21,276 543 # Atlas Iron, Ltd.................................... 6,063,469 792,368 * Aurelia Metals, Ltd................................ 104,200 19,510 # Ausdrill, Ltd...................................... 1,773,892 514,739 #* Ausenco, Ltd....................................... 769,338 247,162 * Austal, Ltd........................................ 1,182,442 1,419,939 # Austbrokers Holdings, Ltd.......................... 236,995 1,630,893 # Austin Engineering, Ltd............................ 279,815 150,565 #* Australian Agricultural Co., Ltd................... 2,455,728 3,049,325 Australian Pharmaceutical Industries, Ltd.......... 2,474,051 1,748,848 Australian Vintage, Ltd............................ 4,096,187 1,431,437 Automotive Holdings Group, Ltd..................... 1,507,514 4,408,726 #* Avanco Resources, Ltd.............................. 2,444,368 138,408 Aveo Group......................................... -- 1 AVJennings, Ltd.................................... 7,259,050 3,203,687 * AWE, Ltd........................................... 3,455,857 3,588,057 #* Bandanna Energy, Ltd............................... 337,935 16,574 # BC Iron, Ltd....................................... 1,037,294 368,954 # Beach Energy, Ltd.................................. 9,353,942 6,963,889 #* Beadell Resources, Ltd............................. 2,420,844 557,821 # Bega Cheese, Ltd................................... 525,852 2,081,088 * Berkeley Resources, Ltd............................ 434,006 82,694 #* Billabong International, Ltd....................... 3,896,307 1,942,478 * Bionomics, Ltd..................................... 76,538 24,822 1793 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) # Blackmores, Ltd.................................... 84,193 $ 2,642,992 * BlueScope Steel, Ltd............................... 1,945,699 7,537,641 #* Boart Longyear, Ltd................................ 2,737,139 347,017 * Boom Logistics, Ltd................................ 986,820 99,946 Bradken, Ltd....................................... 1,278,641 2,696,737 # Breville Group, Ltd................................ 780,129 4,376,059 # Brickworks, Ltd.................................... 180,125 1,697,996 BT Investment Management, Ltd...................... 592,133 3,310,725 #* Buccaneer Energy, Ltd.............................. 3,283,586 5,113 #* Buru Energy, Ltd................................... 292,049 84,517 # Cabcharge Australia, Ltd........................... 888,851 2,989,578 Cape Lambert Resources, Ltd........................ 726,958 43,557 * Capral, Ltd........................................ 58,499 5,704 # Cardno, Ltd........................................ 1,123,192 2,565,241 #* Carnarvon Petroleum, Ltd........................... 5,245,194 569,963 * Carnegie Wave Energy, Ltd.......................... 563,165 28,521 # carsales.com, Ltd.................................. 1,753,092 13,959,538 # Cash Converters International, Ltd................. 2,261,751 1,942,931 * CDS Technologies, Ltd.............................. 13,276 -- # Cedar Woods Properties, Ltd........................ 321,134 1,449,644 Challenger, Ltd.................................... 82,637 402,031 # Chandler Macleod Group, Ltd........................ 528,695 220,244 * ChemGenex Pharmaceuticals, Ltd..................... 115,291 -- #* Clinuvel Pharmaceuticals, Ltd...................... 48,821 142,073 Clover Corp., Ltd.................................. 280,574 64,328 * Coal of Africa, Ltd................................ 668,800 18,265 * Cockatoo Coal, Ltd................................. 6,931,645 75,548 # Codan, Ltd......................................... 400,153 252,183 * Coffey International, Ltd.......................... 1,048,636 215,739 # Collection House, Ltd.............................. 1,996,126 3,234,480 Collins Foods, Ltd................................. 287,111 565,121 * Comet Ridge, Ltd................................... 15,204 1,477 * Cooper Energy, Ltd................................. 336,842 63,868 # Corporate Travel Management, Ltd................... 210,615 1,594,256 Coventry Group, Ltd................................ 144,778 270,094 # Credit Corp. Group, Ltd............................ 110,382 1,002,887 CSG, Ltd........................................... 798,595 744,041 CSR, Ltd........................................... 3,335,360 10,302,791 CTI Logistics, Ltd................................. 5,500 5,769 #* Cudeco, Ltd........................................ 399,317 438,324 * Cue Energy Resources, Ltd.......................... 1,378,665 96,151 # Data#3, Ltd........................................ 573,106 291,349 # Decmil Group, Ltd.................................. 893,550 867,017 * Devine, Ltd........................................ 497,498 359,558 Dick Smith Holdings, Ltd........................... 51,051 80,688 # Domino's Pizza Enterprises, Ltd.................... 279,856 5,657,785 Downer EDI, Ltd.................................... 2,989,518 9,706,728 * Dragon Mining, Ltd................................. 76,113 7,340 #* Drillsearch Energy, Ltd............................ 3,446,607 2,077,041 # DUET Group......................................... 687,573 1,337,851 DuluxGroup, Ltd.................................... 3,170,621 14,686,796 # DWS, Ltd........................................... 382,927 321,466 Echo Entertainment Group, Ltd...................... 4,331,523 13,534,157 1794 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- AUSTRALIA -- (Continued) * EHG Corp., Ltd..................................... 482 $ -- #* Elders, Ltd........................................ 227,187 581,246 * Emeco Holdings, Ltd................................ 3,582,494 334,314 #* Energy Resources of Australia, Ltd................. 1,190,867 1,208,967 #* Energy World Corp., Ltd............................ 4,308,665 981,832 * Enero Group, Ltd................................... 12,387 8,187 #* Equatorial Resources, Ltd.......................... 51,591 9,411 # Equity Trustees, Ltd............................... 14,779 229,371 # ERM Power, Ltd..................................... 632,664 1,067,731 Ethane Pipeline Income Fund........................ 190,260 258,466 Euroz, Ltd......................................... 98,356 80,994 # Evolution Mining, Ltd.............................. 2,670,374 1,921,460 Fairfax Media, Ltd................................. 14,676,907 10,209,639 Fantastic Holdings, Ltd............................ 335,900 480,275 * FAR, Ltd........................................... 8,139,266 572,939 Finbar Group, Ltd.................................. 128,055 126,979 # Fleetwood Corp., Ltd............................... 406,195 461,197 # FlexiGroup, Ltd.................................... 620,491 1,411,419 * Flinders Mines, Ltd................................ 7,896,335 92,658 #* Focus Minerals, Ltd................................ 19,167,915 150,326 # G8 Education, Ltd.................................. 686,800 2,228,798 * Galaxy Resources, Ltd.............................. 601,226 11,701 Gazal Corp., Ltd................................... 50,562 107,601 #* Geodynamics, Ltd................................... 69,571 1,943 #* Gindalbie Metals, Ltd.............................. 2,927,610 48,104 * Global Construction Services, Ltd.................. 4,832 1,877 Goodman Fielder, Ltd............................... 10,646,991 5,284,348 # GrainCorp, Ltd. Class A............................ 1,240,760 8,564,422 # Grange Resources, Ltd.............................. 1,724,297 133,855 # Greencross, Ltd.................................... 99,823 687,919 * Greenland Minerals & Energy, Ltd................... 796,390 43,253 #* Gryphon Minerals, Ltd.............................. 1,088,015 65,870 # GUD Holdings, Ltd.................................. 718,872 4,372,200 * Gunns, Ltd......................................... 2,872,620 -- # GWA Group, Ltd..................................... 2,106,309 4,313,280 Hansen Technologies, Ltd........................... 46,322 62,414 # HFA Holdings, Ltd.................................. 260,589 313,747 * Highlands Pacific, Ltd............................. 1,196,332 53,237 #* Hillgrove Resources, Ltd........................... 200,146 58,913 Hills, Ltd......................................... 1,315,510 1,103,897 #* Horizon Oil, Ltd................................... 6,888,387 668,787 * Icon Energy, Ltd................................... 1,135,301 77,035 * IDM International, Ltd............................. 23,969 -- # iiNET, Ltd......................................... 1,139,528 6,613,536 Iluka Resources, Ltd............................... 95,047 516,167 #* Imdex, Ltd......................................... 1,225,370 281,273 # IMF Bentham, Ltd................................... 678,618 1,132,947 Independence Group NL.............................. 1,827,105 7,035,103 #* Infigen Energy..................................... 2,081,316 403,172 # Infomedia, Ltd..................................... 2,094,592 1,490,975 Integrated Research, Ltd........................... 336,657 340,142 #* Intrepid Mines, Ltd................................ 331,189 33,568 # Invocare, Ltd...................................... 927,559 9,360,900 1795 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) # IOOF Holdings, Ltd................................. 1,941,725 $14,168,735 # Iress, Ltd......................................... 1,099,550 8,796,492 * iSelect, Ltd....................................... 48,828 46,250 # JB Hi-Fi, Ltd...................................... 860,733 11,157,334 Jumbo Interactive, Ltd............................. 95,052 69,588 * Jupiter Mines, Ltd................................. 405,443 66,915 K&S Corp., Ltd..................................... 250,643 253,240 * Kangaroo Resources, Ltd............................ 281,470 1,424 #* Karoon Gas Australia, Ltd.......................... 759,802 1,235,864 #* Kingsgate Consolidated, Ltd........................ 1,768,531 1,087,673 * Kingsrose Mining, Ltd.............................. 760,046 149,136 * Lednium, Ltd....................................... 195,019 -- LogiCamms, Ltd..................................... 38,305 20,746 #* Lonestar Resources, Ltd............................ 1,156,166 170,809 Lycopodium, Ltd.................................... 80,228 81,113 #* Lynas Corp., Ltd................................... 3,390,978 117,482 # M2 Group, Ltd...................................... 1,274,865 8,880,030 MACA, Ltd.......................................... 628,443 401,293 * Macmahon Holdings, Ltd............................. 6,319,933 278,943 # Macquarie Atlas Roads Group........................ 544,465 1,241,741 Macquarie Telecom Group, Ltd....................... 35,019 136,783 # Magellan Financial Group, Ltd...................... 479,921 7,069,892 * Matrix Composites & Engineering, Ltd............... 167,126 76,543 #* Maverick Drilling & Exploration, Ltd............... 907,264 108,291 # MaxiTRANS Industries, Ltd.......................... 942,578 374,285 #* Mayne Pharma Group, Ltd............................ 2,972,383 1,440,768 # McMillan Shakespeare, Ltd.......................... 430,668 3,826,860 McPherson's, Ltd................................... 494,049 456,336 #* Medusa Mining, Ltd................................. 1,214,094 801,593 Melbourne IT, Ltd.................................. 454,822 485,338 * MEO Australia, Ltd................................. 681,039 7,926 #* Mesoblast, Ltd..................................... 99,585 309,347 Metals X, Ltd...................................... 371,519 317,276 # Metcash, Ltd....................................... 4,642,900 5,241,287 * Metgasco, Ltd...................................... 48,452 1,361 * Metminco, Ltd...................................... 319,401 1,726 Mincor Resources NL................................ 1,099,085 615,629 #* Mineral Deposits, Ltd.............................. 466,063 311,474 # Mineral Resources, Ltd............................. 1,202,488 6,228,798 # MMA Offshore, Ltd.................................. 2,253,544 1,392,754 #* Molopo Energy, Ltd................................. 1,186,993 129,034 # Monadelphous Group, Ltd............................ 707,732 4,458,093 * Morning Star Gold NL............................... 332,749 5,440 Mortgage Choice, Ltd............................... 700,465 1,308,592 # Mount Gibson Iron, Ltd............................. 4,616,924 760,369 # Myer Holdings, Ltd................................. 4,168,808 5,021,466 # MyState, Ltd....................................... 174,087 645,880 * Nanosonics, Ltd.................................... 125,464 131,629 # Navitas, Ltd....................................... 1,467,242 6,062,538 #* Nearmap, Ltd....................................... 1,032,226 453,262 # New Hope Corp., Ltd................................ 145,093 264,355 #* Newsat, Ltd........................................ 1,680,867 131,536 * Nexus Energy, Ltd.................................. 6,106,883 -- 1796 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) # NIB Holdings, Ltd.................................. 2,758,725 $ 7,083,226 Nick Scali, Ltd.................................... 170,701 359,402 #* Noble Mineral Resources, Ltd....................... 405,717 -- * Northern Iron, Ltd................................. 692,729 14,561 # Northern Star Resources, Ltd....................... 4,948,523 7,159,367 # NRW Holdings, Ltd.................................. 1,922,096 423,448 Nufarm, Ltd........................................ 1,174,808 5,162,366 * OM Holdings, Ltd................................... 29,193 7,300 #* Orocobre, Ltd...................................... 401,382 912,525 # OrotonGroup, Ltd................................... 131,885 276,611 * Otto Energy, Ltd................................... 1,936,175 145,451 # OZ Minerals, Ltd................................... 2,263,016 6,759,794 OzForex Group, Ltd................................. 101,351 199,460 # Pacific Brands, Ltd................................ 6,272,734 2,379,457 #* Paladin Energy, Ltd................................ 9,684,089 2,831,694 PanAust, Ltd....................................... 3,208,104 2,994,744 Panoramic Resources, Ltd........................... 1,834,198 641,907 #* PaperlinX, Ltd..................................... 2,360,419 71,618 Patties Foods, Ltd................................. 42,099 45,136 Peet, Ltd.......................................... 1,672,692 1,347,857 * Peninsula Energy, Ltd.............................. 8,363,816 135,479 # Perpetual, Ltd..................................... 364,543 13,831,326 #* Perseus Mining, Ltd................................ 3,129,961 893,345 * Phosphagenics, Ltd................................. 1,842,963 113,333 #* Platinum Australia, Ltd............................ 1,442,661 6,739 * Pluton Resources, Ltd.............................. 20,710 221 * PMP, Ltd........................................... 2,395,607 751,430 #* Poseidon Nickel, Ltd............................... 554,377 47,225 Premier Investments, Ltd........................... 573,267 4,555,086 #* Prima Biomed, Ltd.................................. 2,194,242 61,593 # Primary Health Care, Ltd........................... 3,240,864 11,607,224 # Prime Media Group, Ltd............................. 2,091,792 1,308,884 # Programmed Maintenance Services, Ltd............... 783,857 1,320,316 * Qantas Airways, Ltd................................ 4,914,897 9,903,870 # Qube Holdings, Ltd................................. 1,208,085 2,189,461 * Quickstep Holdings, Ltd............................ 255,575 45,008 * Ramelius Resources, Ltd............................ 834,228 89,481 #* Range Resources, Ltd............................... 1,456,711 12,287 RCG Corp., Ltd..................................... 172,449 97,725 RCR Tomlinson, Ltd................................. 1,086,285 1,733,063 REA Group, Ltd..................................... 37,034 1,416,623 # Reckon, Ltd........................................ 366,718 544,422 * Red 5, Ltd......................................... 9,022 748 * Redflex Holdings, Ltd.............................. 377,855 264,251 Reece Australia, Ltd............................... 238,257 5,978,129 #* Regis Resources, Ltd............................... 2,578,577 3,881,707 # Reject Shop, Ltd. (The)............................ 241,348 1,090,385 #* Resolute Mining, Ltd............................... 4,105,110 1,231,870 * Resource Generation, Ltd........................... 338,381 26,350 # Retail Food Group, Ltd............................. 929,737 4,442,605 #* Rex Minerals, Ltd.................................. 362,197 30,821 Ridley Corp., Ltd.................................. 1,370,839 969,169 * RiverCity Motorway Group........................... 1,563,354 -- 1797 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- AUSTRALIA -- (Continued) * RungePincockMinarco, Ltd........................... 30,702 $ 13,853 # Ruralco Holdings, Ltd.............................. 119,306 337,528 # SAI Global, Ltd.................................... 1,590,543 4,833,974 # Salmat, Ltd........................................ 664,807 829,404 * Samson Oil & Gas, Ltd.............................. 7,175,499 55,867 # Sandfire Resources NL.............................. 572,064 1,887,233 * Saracen Mineral Holdings, Ltd...................... 5,262,040 1,528,948 Schaffer Corp., Ltd................................ 33,766 141,802 # Sedgman, Ltd....................................... 452,719 183,512 # Select Harvests, Ltd............................... 483,163 2,480,729 #* Senex Energy, Ltd.................................. 6,628,560 1,415,154 Servcorp, Ltd...................................... 321,229 1,267,791 * Service Stream, Ltd................................ 1,693,203 269,528 # Seven Group Holdings, Ltd.......................... 562,463 2,229,378 Seven West Media, Ltd.............................. 4,540,626 4,602,401 Seymour Whyte, Ltd................................. 8,690 10,413 Sigma Pharmaceuticals, Ltd......................... 7,443,934 4,619,408 #* Silex Systems, Ltd................................. 511,695 209,477 # Silver Chef, Ltd................................... 82,354 417,506 #* Silver Lake Resources, Ltd......................... 2,836,778 518,213 # Sims Metal Management, Ltd......................... 1,409,081 11,854,632 Sirtex Medical, Ltd................................ 421,945 8,797,511 # Skilled Group, Ltd................................. 1,388,531 1,402,919 Slater & Gordon, Ltd............................... 1,162,120 5,964,148 # SMS Management & Technology, Ltd................... 592,261 1,656,084 # Southern Cross Electrical Engineering, Ltd......... 21,171 7,394 # Southern Cross Media Group, Ltd.................... 3,627,784 2,951,675 # Spark Infrastructure Group......................... 10,691,774 17,704,592 Specialty Fashion Group, Ltd....................... 809,557 465,091 SRG, Ltd........................................... 29,934 13,527 #* St Barbara, Ltd.................................... 2,671,044 446,349 # Steadfast Group, Ltd............................... 112,713 127,620 * Strike Energy, Ltd................................. 1,471,668 126,113 STW Communications Group, Ltd...................... 2,297,464 1,634,046 #* Sundance Energy Australia, Ltd..................... 2,586,243 931,164 #* Sundance Resources, Ltd............................ 8,756,539 176,587 Sunland Group, Ltd................................. 751,248 994,184 # Super Retail Group, Ltd............................ 1,318,467 8,898,378 Swick Mining Services, Ltd......................... 106,166 15,502 Tabcorp Holdings, Ltd.............................. 2,426,529 8,576,672 * Tap Oil, Ltd....................................... 1,524,091 444,686 Tassal Group, Ltd.................................. 927,553 2,709,031 # Technology One, Ltd................................ 1,656,494 4,254,583 #* Ten Network Holdings, Ltd.......................... 10,842,364 1,674,456 # TFS Corp., Ltd..................................... 1,842,395 2,099,035 # Thorn Group, Ltd................................... 417,980 928,166 #* Tiger Resources, Ltd............................... 6,540,922 246,550 * Toro Energy, Ltd................................... 70,156 4,513 # Tox Free Solutions, Ltd............................ 892,900 2,017,126 # TPG Telecom, Ltd................................... 882,504 4,564,369 * Transfield Services, Ltd........................... 3,180,086 3,482,012 # Transpacific Industries Group, Ltd................. 10,622,916 6,795,788 # Treasury Group, Ltd................................ 11,874 111,906 1798 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ AUSTRALIA -- (Continued) Treasury Wine Estates, Ltd....................... 611,191 $ 2,323,643 * Tribune Resources, Ltd........................... 3,093 7,620 #* Troy Resources, Ltd.............................. 998,191 445,178 # UGL, Ltd......................................... 1,220,877 1,694,989 * Unity Mining, Ltd................................ 1,277,780 10,071 UXC, Ltd......................................... 1,927,277 1,113,930 * Venture Minerals, Ltd............................ 371,390 10,761 Villa World, Ltd................................. 239,163 389,735 # Village Roadshow, Ltd............................ 855,994 4,038,002 * Virgin Australia Holdings, Ltd................... 6,117,534 2,231,869 * Virgin Australia Holdings, Ltd. (ACI01NXR8)...... 7,648,897 -- # Virtus Health, Ltd............................... 41,521 258,143 Vision Eye Institute, Ltd........................ 477,043 265,678 # Vocus Communications, Ltd........................ 580,994 2,796,230 Watpac, Ltd...................................... 783,104 492,033 # WDS, Ltd......................................... 317,968 41,948 # Webjet, Ltd...................................... 510,145 1,154,841 Webster, Ltd..................................... 180,921 188,225 Western Areas, Ltd............................... 1,495,542 4,633,049 #* Western Desert Resources, Ltd.................... 241,493 20,455 #* White Energy Co., Ltd............................ 643,913 89,107 #* Whitehaven Coal, Ltd............................. 4,157,607 3,969,565 Wide Bay Australia, Ltd.......................... 89,119 398,681 * Wollongong Coal, Ltd............................. 119,865 2,240 WorleyParsons, Ltd............................... 89,828 668,323 ------------ TOTAL AUSTRALIA...................................... 650,835,837 ------------ CHINA -- (0.1%) * Goldin Properties Holdings, Ltd.................. 3,044,000 1,737,682 #* Technovator International, Ltd................... 1,228,000 487,958 Zhuhai Holdings Investment Group, Ltd............ 1,146,000 197,688 ------------ TOTAL CHINA.......................................... 2,423,328 ------------ HONG KONG -- (22.7%) Aeon Credit Service Asia Co., Ltd................ 580,000 432,443 # Aeon Stores Hong Kong Co., Ltd................... 248,000 275,205 Alco Holdings, Ltd............................... 1,426,000 273,843 Allan International Holdings..................... 720,000 199,382 Allied Group, Ltd................................ 683,200 2,902,574 # Allied Properties HK, Ltd........................ 12,297,857 2,442,025 * Anxian Yuan China Holdings, Ltd.................. 3,100,000 55,959 * Apac Resources, Ltd.............................. 19,724,900 286,201 APT Satellite Holdings, Ltd...................... 1,979,500 2,692,312 Arts Optical International Hldgs................. 730,000 282,389 Asia Financial Holdings, Ltd..................... 2,474,908 1,058,674 Asia Satellite Telecommunications Holdings, Ltd.. 962,000 3,343,896 Asia Standard Hotel Group, Ltd................... 11,777,218 1,823,004 Asia Standard International Group, Ltd........... 13,425,937 3,152,306 Associated International Hotels, Ltd............. 980,000 2,951,316 Aupu Group Holding Co., Ltd...................... 3,260,000 641,347 * AVIC Joy Holdings HK, Ltd........................ 1,630,000 71,181 * Bel Global Resources Holdings, Ltd............... 2,576,000 -- 1799 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ----------- ---------- HONG KONG -- (Continued) # Bonjour Holdings, Ltd.............................. 13,352,600 $1,205,847 Bossini International Hldg......................... 3,807,500 322,766 #* Brightoil Petroleum Holdings, Ltd.................. 10,253,000 2,490,465 #* Brockman Mining, Ltd............................... 23,482,814 875,167 * Burwill Holdings, Ltd.............................. 27,910,960 1,202,335 # Cafe de Coral Holdings, Ltd........................ 1,958,000 7,207,522 CEC International Holdings, Ltd.................... 516,000 150,815 Century City International Holdings, Ltd........... 6,419,460 495,410 Champion Technology Holdings, Ltd.................. 15,193,089 302,990 Chen Hsong Holdings................................ 1,212,000 323,442 Cheuk Nang Holdings, Ltd........................... 623,976 566,487 * Cheung Wo International Holdings, Ltd.............. 690,000 55,132 Chevalier International Holdings, Ltd.............. 786,834 1,350,422 * China Billion Resources, Ltd....................... 4,876,000 -- #* China Daye Non-Ferrous Metals Mining, Ltd.......... 14,889,837 269,211 * China Digicontent Co., Ltd......................... 2,710,000 -- #* China Dynamics Holdings, Ltd....................... 660,000 49,177 # China Electronics Corp. Holdings Co., Ltd.......... 6,146,250 1,416,097 * China Energy Development Holdings, Ltd............. 52,272,000 993,527 China Financial Services Holdings, Ltd............. 954,000 68,641 * China Flavors & Fragrances Co., Ltd................ 156,137 20,604 * China Infrastructure Investment, Ltd............... 7,776,000 120,407 China Metal International Holdings, Inc............ 2,748,000 887,207 # China Motor Bus Co., Ltd........................... 50,000 581,640 * China Renji Medical Group, Ltd..................... 1,006,350 29,402 * China Solar Energy Holdings, Ltd................... 1,669,500 7,268 * China Star Entertainment, Ltd...................... 47,600,000 757,315 * China Strategic Holdings, Ltd...................... 18,877,500 264,716 China Ting Group Holdings, Ltd..................... 2,443,151 114,550 * China Tycoon Beverage Holdings, Ltd................ 2,732,000 81,662 China-Hongkong Photo Products Holdings, Ltd........ 1,967,000 117,974 Chinney Investments, Ltd........................... 1,144,000 184,543 Chong Hing Bank, Ltd............................... 2,127 4,788 # Chow Sang Sang Holdings International, Ltd......... 2,286,000 6,058,552 Chu Kong Shipping Enterprise Group Co., Ltd........ 2,566,000 680,410 Chuang's China Investments, Ltd.................... 3,700,938 251,281 Chuang's Consortium International, Ltd............. 6,030,730 747,594 CITIC Telecom International Holdings, Ltd.......... 11,135,125 3,441,367 CK Life Sciences International Holdings, Inc....... 21,666,000 2,204,766 CNT Group, Ltd..................................... 8,315,264 482,886 COL Capital, Ltd................................... 2,209,840 886,998 * Continental Holdings, Ltd.......................... 450,000 11,217 Convenience Retail Asia, Ltd....................... 42,000 26,595 * CP Lotus Corp...................................... 11,420,000 248,807 # Cross-Harbour Holdings, Ltd. (The)................. 691,520 757,798 CSI Properties, Ltd................................ 36,316,383 1,399,733 * CST Mining Group, Ltd.............................. 104,160,000 591,588 Cw Group Holdings, Ltd............................. 2,048,000 555,805 Dah Sing Banking Group, Ltd........................ 3,552,716 5,927,114 Dah Sing Financial Holdings, Ltd................... 1,219,344 7,020,656 * Dan Form Holdings Co., Ltd......................... 3,668,260 586,120 Dickson Concepts International, Ltd................ 1,258,000 591,305 * Dingyi Group Investment, Ltd....................... 1,672,500 101,422 1800 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) Dorsett Hospitality International, Ltd............. 4,765,200 $ 786,670 Eagle Nice International Holdings, Ltd............. 1,116,000 204,400 EcoGreen Fine Chemicals Group, Ltd................. 1,202,000 330,987 * EganaGoldpfeil Holdings, Ltd....................... 4,121,757 -- Emperor Capital Group, Ltd......................... 2,652,000 261,336 Emperor Entertainment Hotel, Ltd................... 4,490,000 1,058,869 # Emperor International Holdings, Ltd................ 8,288,753 1,878,356 Emperor Watch & Jewellery, Ltd..................... 26,410,000 1,137,228 * ENM Holdings, Ltd.................................. 15,112,000 954,512 * EPI Holdings, Ltd.................................. 2,679,927 43,920 # Esprit Holdings, Ltd............................... 14,209,450 16,064,921 * eSun Holdings, Ltd................................. 4,472,000 409,757 * Ezcom Holdings, Ltd................................ 72,576 -- Fairwood Holdings, Ltd............................. 634,100 1,584,785 Far East Consortium International, Ltd............. 6,454,772 2,522,356 Fountain SET Holdings, Ltd......................... 4,898,000 509,912 Four Seas Mercantile Holdings, Ltd................. 628,000 366,210 * Frontier Services Group, Ltd....................... 529,000 74,429 Fujikon Industrial Holdings, Ltd................... 736,000 138,224 # Future Bright Holdings, Ltd........................ 3,324,000 862,835 * G-Resources Group, Ltd............................. 147,663,600 4,189,697 * GCL New Energy Holdings, Ltd....................... 5,872,000 686,566 Get Nice Holdings, Ltd............................. 26,536,000 1,209,970 # Giordano International, Ltd........................ 9,380,000 4,438,363 #* Global Brands Group Holding, Ltd................... 12,772,000 2,406,355 Glorious Sun Enterprises, Ltd...................... 2,702,000 588,678 Gold Peak Industries Holding, Ltd.................. 3,118,642 345,783 Golden Resources Development International, Ltd.... 3,330,500 197,972 * Good Fellow Resources Holdings, Ltd................ 590,000 120,248 * Grande Holdings, Ltd. (The)........................ 882,000 8,761 Great Eagle Holdings, Ltd.......................... 72,627 241,843 Guangnan Holdings, Ltd............................. 2,433,600 347,623 # Guotai Junan International Holdings, Ltd........... 4,251,599 2,965,101 # Haitong International Securities Group, Ltd........ 4,371,968 2,754,060 * Hao Tian Development Group, Ltd.................... 7,164,000 305,206 Harbour Centre Development, Ltd.................... 963,500 1,760,158 * Heng Fai Enterprises, Ltd.......................... 440,000 6,920 High Fashion International, Ltd.................... 268,000 89,016 HKR International, Ltd............................. 5,934,336 3,048,297 Hon Kwok Land Investment Co., Ltd.................. 314,800 104,140 * Hong Fok Land, Ltd................................. 1,210,000 -- # Hong Kong Aircraft Engineering Co., Ltd............ 88,400 976,838 Hong Kong Ferry Holdings Co., Ltd.................. 848,300 954,847 * Hong Kong Television Network, Ltd.................. 2,401,751 1,041,719 Hongkong & Shanghai Hotels (The)................... 1,320,555 1,889,232 # Hongkong Chinese, Ltd.............................. 5,186,000 909,175 Hop Hing Group Holdings, Ltd....................... 1,292,000 21,450 Hopewell Holdings, Ltd............................. 3,002,000 11,250,336 # Hsin Chong Construction Group, Ltd................. 6,443,658 730,238 Hung Hing Printing Group, Ltd...................... 2,706,000 366,330 Hutchison Telecommunications Hong Kong Holdings, Ltd.............................................. 11,412,000 5,220,566 * I-CABLE Communications, Ltd........................ 2,573,000 231,616 #* Imagi International Holdings, Ltd.................. 56,568,000 1,232,116 1801 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) #* Integrated Waste Solutions Group Holdings, Ltd..... 4,000,000 $ 164,193 * International Standard Resources Holdings, Ltd..... 16,776,250 801,401 iOne Holdings, Ltd................................. 6,900,000 218,437 IPE Group, Ltd..................................... 3,345,000 302,038 * IRC, Ltd........................................... 7,336,000 446,822 IT, Ltd............................................ 4,158,532 1,065,746 ITC Corp., Ltd..................................... 1,008,145 89,638 # ITC Properties Group, Ltd.......................... 4,275,791 2,084,359 * Jinhui Holdings Co., Ltd........................... 121,000 19,078 Johnson Electric Holdings, Ltd..................... 1,724,250 6,272,724 # K Wah International Holdings, Ltd.................. 8,182,877 4,414,980 Ka Shui International Holdings, Ltd................ 550,000 80,741 * Kader Holdings Co., Ltd............................ 92,000 9,471 Kam Hing International Holdings, Ltd............... 1,830,000 122,478 Kantone Holdings, Ltd.............................. 1,012,364 124,059 # Keck Seng Investments.............................. 904,600 804,497 * King Pacific International Holdings, Ltd........... 1,404,200 -- Kingmaker Footwear Holdings, Ltd................... 1,532,955 256,693 # Kingston Financial Group, Ltd...................... 19,813,000 2,273,645 Kowloon Development Co., Ltd....................... 2,505,000 2,922,662 L'Occitane International SA........................ 530,000 1,337,480 Lai Sun Development Co., Ltd....................... 80,488,466 1,800,860 Lai Sun Garment International, Ltd................. 3,419,680 439,018 Lam Soon Hong Kong, Ltd............................ 302,310 244,100 * Landsea Green Properties Co., Ltd.................. 812,000 66,794 * Leading Spirit High-Tech Holdings Co., Ltd......... 2,310,000 -- Lee's Pharmaceutical Holdings, Ltd................. 665,000 1,000,292 Lerado Group Holding Co., Ltd...................... 2,674,000 182,818 Lifestyle International Holdings, Ltd.............. 1,129,000 2,221,752 Lippo China Resources, Ltd......................... 21,542,000 734,067 Lippo, Ltd......................................... 1,195,700 658,576 * Lisi Group Holdings, Ltd........................... 3,418,000 152,137 # Liu Chong Hing Investment, Ltd..................... 1,227,200 1,513,485 Luen Thai Holdings, Ltd............................ 1,207,000 234,300 Luk Fook Holdings International, Ltd............... 2,838,000 10,586,460 Luks Group Vietnam Holdings Co., Ltd............... 482,913 148,601 Lung Kee Bermuda Holdings.......................... 1,613,875 451,080 * Macau Legend Development, Ltd...................... 108,000 39,128 Magnificent Estates................................ 13,558,000 593,369 Man Wah Holdings, Ltd.............................. 5,828,000 4,968,969 Man Yue Technology Holdings, Ltd................... 1,104,000 161,672 Matrix Holdings, Ltd............................... 1,067,414 254,568 * Mei Ah Entertainment Group, Ltd.................... 19,120,000 1,328,295 Melbourne Enterprises, Ltd......................... 40,500 724,723 # Melco International Development, Ltd............... 3,544,000 7,065,424 #* Midland Holdings, Ltd.............................. 5,334,000 2,689,929 Ming Fai International Holdings, Ltd............... 1,765,000 188,632 * Ming Fung Jewellery Group, Ltd..................... 21,315,000 205,146 Miramar Hotel & Investment......................... 870,000 1,102,403 * Mongolia Energy Corp., Ltd......................... 1,892,750 98,589 #* Mongolian Mining Corp.............................. 27,081,500 1,070,813 # NagaCorp, Ltd...................................... 7,592,000 5,953,808 Nanyang Holdings, Ltd.............................. 137,500 865,697 1802 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) National Electronic Hldgs.......................... 2,498,000 $ 324,387 Natural Beauty Bio-Technology, Ltd................. 4,040,000 391,336 * Neo-Neon Holdings, Ltd............................. 2,337,500 363,611 * Neptune Group, Ltd................................. 23,230,000 358,493 New Century Group Hong Kong, Ltd................... 13,351,464 236,476 * New Times Energy Corp., Ltd........................ 1,946,400 51,260 # Newocean Energy Holdings, Ltd...................... 7,836,000 2,882,188 Next Media, Ltd.................................... 4,421,183 391,691 * Orange Sky Golden Harvest Entertainment Holdings, Ltd.............................................. 9,769,706 604,739 Orient Overseas International, Ltd................. 980,000 6,386,637 * Orient Power Holdings, Ltd......................... 804,000 -- # Oriental Watch Holdings............................ 3,160,800 561,601 Pacific Andes International Holdings, Ltd.......... 20,007,067 684,849 # Pacific Basin Shipping, Ltd........................ 12,866,000 4,744,474 Pacific Textile Holdings, Ltd...................... 4,393,000 6,060,991 Paliburg Holdings, Ltd............................. 3,152,830 1,052,681 * Pan Asia Environmental Protection Group, Ltd....... 80,000 16,811 # Paradise Entertainment, Ltd........................ 3,708,000 1,264,696 PCCW, Ltd.......................................... 4,138,879 2,734,946 #* Peace Mark Holdings, Ltd........................... 2,712,022 -- * Pearl Oriental Oil, Ltd............................ 11,918,400 260,179 Pegasus International Holdings, Ltd................ 226,000 34,027 Perfect Shape PRC Holdings, Ltd.................... 956,000 261,666 # Pico Far East Holdings, Ltd........................ 4,928,000 1,105,851 * Ping Shan Tea Group, Ltd........................... 2,633,325 25,067 Playmates Holdings, Ltd............................ 706,000 685,840 # Playmates Toys, Ltd................................ 4,936,000 1,044,574 * PNG Resources Holdings, Ltd........................ -- -- Pokfulam Development Co............................ 234,000 360,478 # Polytec Asset Holdings, Ltd........................ 11,658,526 1,574,815 Public Financial Holdings, Ltd..................... 3,194,000 1,524,327 PYI Corp., Ltd..................................... 24,859,973 518,460 * Pyxis Group, Ltd................................... 1,936,000 7,966 Raymond Industrial, Ltd............................ 30,400 3,885 # Regal Hotels International Holdings, Ltd........... 2,955,800 1,836,413 * Richfield Group Holdings, Ltd...................... 9,792,000 371,934 Rivera Holdings, Ltd............................... 5,710,000 279,967 # SA SA International Holdings, Ltd.................. 9,470,000 6,105,330 Safety Godown Co., Ltd............................. 398,000 635,350 * Sandmartin International Holdings, Ltd............. 84,000 4,097 SAS Dragon Hldg, Ltd............................... 2,182,000 468,452 SEA Holdings, Ltd.................................. 1,158,000 777,045 Shenyin Wanguo HK, Ltd............................. 3,566,250 2,774,359 * Shougang Concord Technology Holdings............... 9,657,809 322,565 * Shun Ho Technology Holdings, Ltd................... 1,037,452 285,741 Shun Tak Holdings, Ltd............................. 11,693,419 5,343,805 * Silver base Group Holdings, Ltd.................... 4,300,677 542,794 Simsen International Corp., Ltd.................... 307,000 67,718 * Sing Pao Media Enterprises, Ltd.................... 250,511 -- Sing Tao News Corp., Ltd........................... 1,974,000 289,956 Singamas Container Holdings, Ltd................... 11,180,000 1,800,150 * Sino Distillery Group, Ltd......................... 148,000 9,753 * Sinocan Holdings, Ltd.............................. 350,000 -- 1803 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) SIS International Holdings......................... 34,000 $ 15,204 * SIS Mobile Holdings, Ltd........................... 10,880 1,698 Sitoy Group Holdings, Ltd.......................... 834,000 548,298 SmarTone Telecommunications Holdings, Ltd.......... 3,535,925 6,199,483 #* SOCAM Development, Ltd............................. 1,716,771 1,560,062 * Solomon Systech International, Ltd................. 8,590,000 330,354 Soundwill Holdings, Ltd............................ 420,000 681,461 * South China China, Ltd............................. 6,744,000 684,638 * South China Land, Ltd.............................. 13,495,170 233,705 Stella International Holdings, Ltd................. 842,000 2,200,744 Stelux Holdings International, Ltd................. 3,100,400 760,277 * Success Universe Group, Ltd........................ 6,716,000 186,628 Sun Hing Vision Group Holdings, Ltd................ 358,000 114,961 # Sun Hung Kai & Co., Ltd............................ 4,398,429 3,943,714 * Symphony Holdings, Ltd............................. 440,000 35,245 # TAI Cheung Holdings, Ltd........................... 2,019,000 1,677,159 Tai Sang Land Development, Ltd..................... 804,910 405,423 # Tan Chong International, Ltd....................... 1,212,000 402,721 # Tao Heung Holdings, Ltd............................ 517,000 230,210 * Taung Gold International, Ltd...................... 14,590,000 316,712 Television Broadcasts, Ltd......................... 1,313,300 8,160,509 * Termbray Industries International Holdings, Ltd.... 2,304,900 234,496 Tern Properties Co., Ltd........................... 51,200 40,691 Texwinca Holdings, Ltd............................. 4,606,000 3,794,398 Tian Teck Land, Ltd................................ 1,054,000 1,235,149 * Titan Petrochemicals Group, Ltd.................... 13,140,000 4,237 # Tradelink Electronic Commerce, Ltd................. 4,896,000 1,096,214 # Transport International Holdings, Ltd.............. 1,033,741 2,548,994 # Trinity, Ltd....................................... 7,838,000 1,526,164 Tristate Holdings, Ltd............................. 188,000 67,644 #* TSC Group Holdings, Ltd............................ 3,377,000 849,931 #* United Laboratories International Holdings, Ltd. (The)............................................ 4,482,000 2,196,066 * Universal Technologies Holdings, Ltd............... 7,630,000 688,891 * Universe International Holdings, Ltd............... 3,475,000 41,553 #* Up Energy Development Group, Ltd................... 3,205,000 235,639 * Value Convergence Holdings, Ltd.................... 1,756,000 225,722 Value Partners Group, Ltd.......................... 5,555,000 4,720,479 Van Shung Chong Holdings, Ltd...................... 1,184,002 137,487 Vanke Property Overseas, Ltd....................... 13,000 10,789 Varitronix International, Ltd...................... 2,083,293 1,419,969 * Vedan International Holdings, Ltd.................. 3,272,000 172,093 Victory City International Holdings, Ltd........... 7,422,229 1,056,797 # Vitasoy International Holdings, Ltd................ 4,817,000 6,679,558 VST Holdings, Ltd.................................. 5,147,600 1,645,812 # VTech Holdings, Ltd................................ 363,600 5,108,941 Wai Kee Holdings, Ltd.............................. 7,864,738 2,308,972 #* Willie International Holdings, Ltd................. 11,910,000 240,374 Win Hanverky Holdings, Ltd......................... 1,812,000 216,989 Wing On Co. International, Ltd..................... 781,000 2,476,198 Wing Tai Properties, Ltd........................... 1,957,331 1,243,411 Wong's International Hldgs......................... 737,641 250,513 Wong's Kong King International..................... 120,000 11,611 # Xinyi Glass Holdings, Ltd.......................... 16,730,000 8,821,406 1804 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) # Xinyi Solar Holdings, Ltd........................ 12,292,000 $ 3,392,191 Yangtzekiang Garment, Ltd........................ 606,500 215,929 Yau Lee Holdings, Ltd............................ 534,000 119,586 Yeebo International Hldg......................... 572,000 92,093 # YGM Trading, Ltd................................. 460,000 812,390 YT Realty Group, Ltd............................. 749,000 243,038 Yugang International, Ltd........................ 93,492,000 1,138,045 ------------ TOTAL HONG KONG...................................... 373,803,271 ------------ NEW ZEALAND -- (7.9%) #* a2 Milk Co., Ltd................................. 939,177 367,161 Abano Healthcare Group, Ltd...................... 30,725 190,072 # Air New Zealand, Ltd............................. 3,802,481 7,193,841 Auckland International Airport, Ltd.............. 319,815 1,034,367 Briscoe Group, Ltd............................... 2,235 4,869 Cavalier Corp., Ltd.............................. 268,754 107,857 CDL Investments New Zealand, Ltd................. 111,311 48,623 #* Chorus, Ltd...................................... 2,026,566 3,895,054 Colonial Motor Co., Ltd. (The)................... 148,846 685,308 Contact Energy, Ltd.............................. 518,419 2,660,619 * Diligent Board Member Services, Inc.............. 82,102 327,533 # Ebos Group, Ltd.................................. 442,465 3,036,993 # Fisher & Paykel Healthcare Corp., Ltd............ 4,127,615 18,612,253 Freightways, Ltd................................. 953,438 4,140,363 # Hallenstein Glasson Holdings, Ltd................ 249,585 608,767 Heartland New Zealand, Ltd....................... 185,677 178,351 # Hellaby Holdings, Ltd............................ 395,759 911,197 # Infratil, Ltd.................................... 3,295,588 7,566,267 # Kathmandu Holdings, Ltd.......................... 650,835 951,977 # Mainfreight, Ltd................................. 540,494 6,284,478 Marsden Maritime Holdings, Ltd................... 71,205 143,771 Methven, Ltd..................................... 93,877 80,536 # Metlifecare, Ltd................................. 508,346 1,772,699 # Michael Hill International, Ltd.................. 1,534,152 1,348,650 Millennium & Copthorne Hotels New Zealand, Ltd... 418,978 408,453 New Zealand Oil & Gas, Ltd....................... 2,074,737 967,918 #* New Zealand Refining Co., Ltd. (The)............. 591,259 1,090,906 Nuplex Industries, Ltd........................... 1,294,136 2,803,854 # NZX, Ltd......................................... 980,309 862,285 # Opus International Consultants, Ltd.............. 12,925 13,140 #* Pacific Edge, Ltd................................ 418,982 239,674 PGG Wrightson, Ltd............................... 1,029,425 362,422 * Pike River Coal, Ltd............................. 490,805 -- # Port of Tauranga, Ltd............................ 528,322 6,813,157 * Pumpkin Patch, Ltd............................... 532,847 85,131 # Restaurant Brands New Zealand, Ltd............... 472,937 1,306,936 * Richina Pacific, Ltd............................. 274,180 -- * Rubicon, Ltd..................................... 1,485,105 379,206 # Ryman Healthcare, Ltd............................ 2,353,350 14,087,584 # Sanford, Ltd..................................... 393,618 1,424,763 Scott Technology, Ltd............................ 39,805 45,813 # Skellerup Holdings, Ltd.......................... 545,405 518,902 # Sky Network Television, Ltd...................... 2,057,996 9,049,044 1805 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ NEW ZEALAND -- (Continued) # SKYCITY Entertainment Group, Ltd................. 4,365,153 $ 12,453,324 Spark New Zealand, Ltd........................... 359,924 862,450 Steel & Tube Holdings, Ltd....................... 442,635 925,092 Summerset Group Holdings, Ltd.................... 360,703 812,814 Tourism Holdings, Ltd............................ 274,867 358,702 # Tower, Ltd....................................... 868,256 1,425,858 # Trade Me Group, Ltd.............................. 1,494,120 3,938,317 # TrustPower, Ltd.................................. 70,059 426,552 # Vector, Ltd...................................... 1,319,786 2,832,156 # Warehouse Group, Ltd. (The)...................... 719,178 1,487,545 #* Xero, Ltd........................................ 149,590 1,688,531 ------------ TOTAL NEW ZEALAND.................................... 129,822,135 ------------ SINGAPORE -- (9.1%) * Abterra, Ltd..................................... 531,800 216,912 Amara Holdings, Ltd.............................. 950,000 377,805 Amtek Engineering, Ltd........................... 1,353,000 624,188 ASL Marine Holdings, Ltd......................... 816,600 257,647 Aspial Corp., Ltd................................ 72,959 21,367 #* Ausgroup, Ltd.................................... 3,653,000 809,960 Baker Technology, Ltd............................ 1,272,000 239,784 # Banyan Tree Holdings, Ltd........................ 1,053,000 407,871 #* Biosensors International Group, Ltd.............. 6,598,237 3,142,235 Bonvests Holdings, Ltd........................... 978,000 989,193 Boustead Singapore, Ltd.......................... 1,707,606 2,270,593 # Breadtalk Group, Ltd............................. 907,800 1,013,647 * Broadway Industrial Group, Ltd................... 1,557,200 225,124 Bukit Sembawang Estates, Ltd..................... 614,003 2,414,959 Bund Center Investment, Ltd...................... 2,717,000 397,809 # Centurion Corp., Ltd............................. 700,000 306,375 CH Offshore, Ltd................................. 1,642,400 600,967 # China Aviation Oil Singapore Corp., Ltd.......... 1,586,399 829,558 # China Merchants Holdings Pacific, Ltd............ 867,000 628,239 Chip Eng Seng Corp., Ltd......................... 3,546,800 2,377,507 Chuan Hup Holdings, Ltd.......................... 3,967,000 801,013 # Cityspring Infrastructure Trust.................. 1,498,000 603,037 # Cosco Corp. Singapore, Ltd....................... 7,006,000 2,797,102 # Creative Technology, Ltd......................... 272,200 350,523 CSC Holdings, Ltd................................ 2,495,000 89,807 CSE Global, Ltd.................................. 3,382,000 1,460,657 CWT, Ltd......................................... 1,444,700 1,793,973 Datapulse Technology, Ltd........................ 89,000 7,203 #* Del Monte Pacific, Ltd........................... 848,000 291,317 * Delong Holdings, Ltd............................. 1,361,000 224,149 DMX Technologies Group, Ltd...................... 2,096,000 248,830 # Dyna-Mac Holdings, Ltd........................... 2,259,000 577,049 Elec & Eltek International Co., Ltd.............. 147,000 182,724 Ellipsiz, Ltd.................................... 123,000 8,825 EnGro Corp., Ltd................................. 354,000 310,342 Eu Yan Sang International, Ltd................... 809,800 464,986 # Ezion Holdings, Ltd.............................. 689,760 646,692 # Ezra Holdings, Ltd............................... 5,843,760 2,285,175 # Falcon Energy Group, Ltd......................... 2,068,000 419,652 1806 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ---------- SINGAPORE -- (Continued) Far East Orchard, Ltd.............................. 1,106,685 $1,380,668 * First Sponsor Group, Ltd........................... 453,661 405,805 FJ Benjamin Holdings, Ltd.......................... 1,305,000 155,196 Food Empire Holdings, Ltd.......................... 1,256,400 297,853 # Fragrance Group, Ltd............................... 6,256,000 1,041,022 #* Gallant Venture, Ltd............................... 5,073,000 915,259 #* Geo Energy Resources, Ltd.......................... 432,000 65,276 GK Goh Holdings, Ltd............................... 1,458,000 985,376 Global Premium Hotels, Ltd......................... 559,480 146,623 * Global Yellow Pages, Ltd........................... 747,500 23,756 # GMG Global, Ltd.................................... 18,410,000 867,875 GP Batteries International, Ltd.................... 235,000 164,694 GP Industries, Ltd................................. 2,643,209 1,264,661 GuocoLand, Ltd..................................... 399,314 530,136 # GuocoLeisure, Ltd.................................. 3,364,000 2,370,267 * Hanwell Holdings, Ltd.............................. 1,823,419 374,046 #* Healthway Medical Corp., Ltd....................... 8,556,776 289,778 HG Metal Manufacturing, Ltd........................ 1,768,000 87,798 Hi-P International, Ltd............................ 1,309,000 682,698 Hiap Hoe, Ltd...................................... 353,000 216,002 Hiap Seng Engineering, Ltd......................... 239,100 26,382 * HLH Group, Ltd..................................... 8,364,000 92,123 Ho Bee Land, Ltd................................... 1,652,000 2,526,766 # Hong Fok Corp., Ltd................................ 3,323,640 2,230,350 Hong Leong Asia, Ltd............................... 711,000 757,088 Hotel Grand Central, Ltd........................... 1,394,187 1,360,311 Hour Glass, Ltd. (The)............................. 1,868,232 1,012,035 HTL International Holdings, Ltd.................... 1,063,843 208,660 HupSteel, Ltd...................................... 1,572,875 227,243 # Hwa Hong Corp., Ltd................................ 2,186,000 548,788 # Hyflux, Ltd........................................ 3,258,500 2,292,676 Indofood Agri Resources, Ltd....................... 3,468,000 1,813,137 InnoTek, Ltd....................................... 950,000 179,320 Innovalues, Ltd.................................... 334,000 133,412 #* International Healthway Corp., Ltd................. 594,656 120,767 #* Interra Resources, Ltd............................. 396,000 48,126 IPC Corp., Ltd..................................... 4,265,000 481,452 # ISDN Holdings, Ltd................................. 293,000 45,387 Isetan Singapore, Ltd.............................. 122,500 422,164 #* Jiutian Chemical Group, Ltd........................ 10,128,000 462,026 #* Jurong Technologies Industrial Corp., Ltd.......... 2,227,680 -- k1 Ventures, Ltd................................... 5,098,500 703,384 # Keppel Infrastructure Trust........................ 1,367,000 1,081,270 # Keppel Telecommunications & Transportation, Ltd.... 1,409,600 1,812,375 Koh Brothers Group, Ltd............................ 1,432,000 328,214 # KSH Holdings, Ltd.................................. 52,000 19,776 # LCD Global Investments, Ltd........................ 3,569,504 915,522 * Li Heng Chemical Fibre Technologies, Ltd........... 2,053,000 178,859 Lian Beng Group, Ltd............................... 2,304,000 1,070,888 #* Linc Energy, Ltd................................... 1,982,517 850,669 Low Keng Huat Singapore, Ltd....................... 916,000 497,485 Lum Chang Holdings, Ltd............................ 1,094,030 287,392 M1, Ltd............................................ 41,600 115,024 1807 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ---------- SINGAPORE -- (Continued) Marco Polo Marine, Ltd............................. 963,000 $ 198,864 mDR, Ltd........................................... 3,997,000 14,773 * Mercator Lines Singapore, Ltd...................... 555,000 35,272 # Mermaid Maritime PCL............................... 1,615,000 357,063 Metro Holdings, Ltd................................ 2,085,792 1,502,516 Mewah International, Inc........................... 1,183,000 331,188 # Midas Holdings, Ltd................................ 8,177,000 2,046,136 # Nam Cheong, Ltd.................................... 7,126,740 1,648,201 New Toyo International Holdings, Ltd............... 1,624,000 306,562 NSL, Ltd........................................... 422,000 502,257 * Oceanus Group, Ltd................................. 2,389,300 21,270 # OSIM International, Ltd............................ 1,689,000 2,416,044 # Otto Marine, Ltd................................... 10,983,500 338,395 # OUE Hospitality Trust.............................. 310,500 214,628 # OUE, Ltd........................................... 1,863,000 3,025,543 # Oxley Holdings, Ltd................................ 1,093,000 410,962 # Pan-United Corp., Ltd.............................. 2,006,000 1,290,838 PEC, Ltd........................................... 47,000 15,835 Penguin International, Ltd......................... 1,437,000 243,683 Petra Foods, Ltd................................... 804,000 2,370,347 Popular Holdings, Ltd.............................. 2,763,650 633,168 QAF, Ltd........................................... 1,244,080 921,810 # Raffles Education Corp., Ltd....................... 4,299,710 1,049,825 Raffles Medical Group, Ltd......................... 579,437 1,698,520 Rickmers Maritime.................................. 888,000 190,243 Rotary Engineering, Ltd............................ 1,485,600 609,139 Roxy-Pacific Holdings, Ltd......................... 297,500 116,017 * S I2I, Ltd......................................... 12,662,000 37,112 San Teh, Ltd....................................... 713,087 146,569 SBS Transit, Ltd................................... 953,500 1,326,381 Sheng Siong Group, Ltd............................. 1,506,000 805,633 SHS Holdings, Ltd.................................. 2,372,000 445,658 # Sim Lian Group, Ltd................................ 2,281,855 1,491,149 Sinarmas Land, Ltd................................. 5,864,000 2,809,752 Sing Holdings, Ltd................................. 1,134,000 284,617 Sing Investments & Finance, Ltd.................... 297,675 286,691 Singapore Post, Ltd................................ 4,655,020 7,359,016 Singapore Reinsurance Corp., Ltd................... 1,514,530 353,579 Singapore Shipping Corp., Ltd...................... 1,689,000 373,535 Singapura Finance, Ltd............................. 348,124 274,139 #* Sino Grandness Food Industry Group, Ltd............ 2,157,000 802,939 SMRT Corp., Ltd.................................... 2,316,000 2,993,704 Stamford Land Corp., Ltd........................... 3,282,000 1,368,770 Straco Corp., Ltd.................................. 130,000 71,033 Sunningdale Tech, Ltd.............................. 3,657,000 539,529 #* SunVic Chemical Holdings, Ltd...................... 2,038,000 713,927 # Super Group, Ltd................................... 2,624,000 2,150,237 # Swiber Holdings, Ltd............................... 5,961,000 840,735 # Swissco Holdings, Ltd.............................. 715,500 243,699 # Tat Hong Holdings, Ltd............................. 2,072,800 1,130,669 Thakral Corp., Ltd................................. 5,601,000 99,690 Tiong Woon Corp. Holding, Ltd...................... 2,152,250 365,762 Triyards holdings, Ltd............................. 348,900 121,754 1808 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- SINGAPORE -- (Continued) # Tuan Sing Holdings, Ltd...................... 4,139,583 $ 1,237,003 # UMS Holdings, Ltd............................ 1,944,000 738,924 # United Engineers, Ltd........................ 2,803,028 6,287,688 United Envirotech, Ltd....................... 915,000 1,096,716 United Overseas Insurance, Ltd............... 187,250 663,533 # UOB-Kay Hian Holdings, Ltd................... 1,876,435 2,091,163 # UPP Holdings, Ltd............................ 3,060,000 563,067 #* Vard Holdings, Ltd........................... 4,053,000 1,508,511 Venture Corp., Ltd........................... 1,703,000 10,226,531 # Vibrant Group, Ltd........................... 9,635,179 703,885 Vicom, Ltd................................... 120,000 564,359 Wee Hur Holdings, Ltd........................ 2,749,000 780,504 Wheelock Properties Singapore, Ltd........... 1,210,000 1,677,635 # Wing Tai Holdings, Ltd....................... 2,843,567 3,842,757 Yeo Hiap Seng, Ltd........................... 223,731 287,728 YHI International, Ltd....................... 1,174,000 208,243 # Yongnam Holdings, Ltd........................ 8,173,000 1,079,859 -------------- TOTAL SINGAPORE.................................. 150,332,140 -------------- TOTAL COMMON STOCKS.............................. 1,307,216,711 -------------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Centrebet International, Ltd. Claim Units.... 81,336 -- * Centrebet International, Ltd. Litigation Rights..................................... 81,336 -- -------------- TOTAL AUSTRALIA -- -------------- HONG KONG -- (0.0%) * Enviro Energy International Holdings, Ltd. Warrants 11/17/16.......................... 1,171,800 -- * International Standard Resources Holdings, Ltd. Warrants 11/26/15..................... 2,023,500 24,797 * Mission Capital Holdings, Ltd. Rights 02/09/15................................... 721,250 1,395 * Mission Capital Holdings, Ltd. Warrants 06/26/15................................... 288,500 558 -------------- TOTAL HONG KONG.................................. 26,750 -------------- SINGAPORE -- (0.0%) * Global Yellow Pages, Ltd. Warrants 06/25/19.. 448,500 1,326 #* Interra Resources, Ltd. Warrants 12/08/15.... 39,600 469 * See Hup Seng, Ltd. Rights 01/21/15........... 69,488 3,955 -------------- TOTAL SINGAPORE.................................. 5,750 -------------- TOTAL RIGHTS/WARRANTS............................ 32,500 -------------- SECURITIES LENDING COLLATERAL -- (20.7%) (S)@ DFA Short Term Investment Fund.............. 29,522,994 341,581,043 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,782,710,722)^^........................ $1,648,830,254 ============== 1809 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------- -------------- ------- -------------- Common Stocks Australia.................... $ 18,225 $ 650,817,612 -- $ 650,835,837 China........................ -- 2,423,328 -- 2,423,328 Hong Kong.................... 121,946 373,681,325 -- 373,803,271 New Zealand.................. -- 129,822,135 -- 129,822,135 Singapore.................... 615,740 149,716,400 -- 150,332,140 Rights/Warrants Australia.................... -- -- -- -- Hong Kong.................... -- 26,750 -- 26,750 Singapore.................... -- 5,750 -- 5,750 Securities Lending Collateral... -- 341,581,043 -- 341,581,043 -------- -------------- -- -------------- TOTAL........................... $755,911 $1,648,074,343 -- $1,648,830,254 ======== ============== == ============== 1810 THE UNITED KINGDOM SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (95.7%) Consumer Discretionary -- (25.1%) 4imprint Group P.L.C............................. 98,614 $ 1,309,746 888 Holdings P.L.C............................... 936,528 1,986,223 * Aga Rangemaster Group P.L.C...................... 453,866 702,147 Barratt Developments P.L.C....................... 3,241,833 22,315,084 Bellway P.L.C.................................... 655,189 17,936,141 Berkeley Group Holdings P.L.C.................... 687,947 25,076,193 Betfair Group P.L.C.............................. 198,506 4,800,019 Bloomsbury Publishing P.L.C...................... 283,806 633,916 Boot Henry P.L.C................................. 432,804 1,368,719 Bovis Homes Group P.L.C.......................... 875,787 10,932,918 # Bwin.Party Digital Entertainment P.L.C........... 2,936,708 4,708,264 * Carpetright P.L.C................................ 31,679 234,874 # Centaur Media P.L.C.............................. 556,967 536,761 Chime Communications P.L.C....................... 366,879 1,398,509 Cineworld Group P.L.C............................ 1,100,456 7,014,279 Connect Group P.L.C.............................. 1,298,531 2,764,397 Creston P.L.C.................................... 22,394 41,968 Daily Mail & General Trust P.L.C................. 1,450,543 18,791,451 Darty P.L.C...................................... 1,297,119 1,321,072 Debenhams P.L.C.................................. 6,498,732 7,331,999 Dignity P.L.C.................................... 228,269 6,393,478 Dixons Carphone P.L.C............................ 2,319,507 15,158,144 Domino's Pizza Group P.L.C....................... 776,394 7,859,747 Dunelm Group P.L.C............................... 336,341 4,447,613 * Enterprise Inns P.L.C............................ 2,687,428 4,172,410 Euromoney Institutional Investor P.L.C........... 295,537 4,763,160 * Findel P.L.C..................................... 313,743 996,155 * Forminster P.L.C................................. 43,333 -- Fuller Smith & Turner............................ 138,471 2,041,394 Future P.L.C..................................... 1,301,863 211,319 # Games Workshop Group P.L.C....................... 101,889 757,010 # Greene King P.L.C................................ 1,421,372 17,958,597 Halfords Group P.L.C............................. 1,104,257 7,367,519 Headlam Group P.L.C.............................. 343,067 2,320,881 Home Retail Group P.L.C.......................... 4,196,363 12,121,045 * Hornby P.L.C..................................... 154,220 180,860 Howden Joinery Group P.L.C....................... 3,423,456 21,846,958 Huntsworth P.L.C................................. 971,327 662,840 Inchcape P.L.C................................... 2,330,419 24,343,335 Informa P.L.C.................................... 3,334,651 25,640,025 ITE Group P.L.C.................................. 1,273,501 2,504,737 JD Sports Fashion P.L.C.......................... 480,052 3,624,959 JD Wetherspoon P.L.C............................. 501,603 5,970,350 John Menzies P.L.C............................... 261,134 1,461,428 * Johnston Press P.L.C............................. 20,800 52,194 # Ladbrokes P.L.C.................................. 4,703,662 8,194,699 Laura Ashley Holdings P.L.C...................... 1,517,420 679,441 Lookers P.L.C.................................... 1,870,784 4,205,554 Marston's P.L.C.................................. 3,122,248 6,887,463 * Mecom Group P.L.C................................ 477,516 1,098,611 Millennium & Copthorne Hotels P.L.C.............. 1,048,561 9,093,504 1811 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ Consumer Discretionary -- (Continued) * Mitchells & Butlers P.L.C........................ 1,030,286 $ 6,589,950 MJ Gleeson P.L.C................................. 195,875 1,067,736 #* Mothercare P.L.C................................. 614,311 1,656,049 N Brown Group P.L.C.............................. 874,754 5,667,570 * Ocado Group P.L.C................................ 18,636 114,855 Pendragon P.L.C.................................. 4,478,015 2,402,764 Persimmon P.L.C.................................. 202,459 4,846,654 Photo-Me International P.L.C..................... 487,217 994,750 * Puma Brandenburg, Ltd............................ 119,000 -- * Puma Brandenburg, Ltd. A Shares.................. 119,000 -- * Punch Taverns P.L.C.............................. 133,442 219,898 Rank Group P.L.C................................. 111,276 294,113 Redrow P.L.C..................................... 1,505,347 6,384,981 Restaurant Group P.L.C. (The).................... 1,004,401 10,837,483 Rightmove P.L.C.................................. 494,215 17,265,168 Spirit Pub Co. P.L.C............................. 3,220,786 5,574,206 * Sportech P.L.C................................... 384,214 367,247 STV Group P.L.C.................................. 4,868 27,476 * SuperGroup P.L.C................................. 203,095 2,939,926 Taylor Wimpey P.L.C.............................. 11,584,585 23,534,825 Ted Baker P.L.C.................................. 145,679 5,193,244 * Thomas Cook Group P.L.C.......................... 7,517,966 14,434,900 Topps Tiles P.L.C................................ 851,760 1,544,711 * Torotrak P.L.C................................... 42,953 9,480 * Trinity Mirror P.L.C............................. 1,688,565 4,378,429 * TUI AG........................................... 80,049 1,384,136 UBM P.L.C........................................ 2,262,552 17,966,041 UTV Media P.L.C.................................. 467,514 1,344,801 # Vitec Group P.L.C. (The)......................... 164,847 1,531,058 WH Smith P.L.C................................... 711,405 14,408,396 William Hill P.L.C............................... 4,538,288 25,712,066 Wilmington Group P.L.C........................... 346,234 1,135,533 ------------ Total Consumer Discretionary......................... 514,048,556 ------------ Consumer Staples -- (5.0%) A.G.BARR P.L.C................................... 427,802 4,065,212 Anglo-Eastern Plantations P.L.C.................. 108,153 932,845 Booker Group P.L.C............................... 7,511,637 16,862,619 Britvic P.L.C.................................... 1,277,429 13,518,709 Cranswick P.L.C.................................. 264,392 5,205,188 Dairy Crest Group P.L.C.......................... 770,036 5,664,170 Devro P.L.C...................................... 962,237 4,072,519 Greencore Group P.L.C............................ 2,335,961 10,833,986 Greggs P.L.C..................................... 566,667 6,999,113 Hilton Food Group P.L.C.......................... 24,794 146,393 McBride P.L.C.................................... 855,515 1,035,799 #* Premier Foods P.L.C.............................. 2,951,877 1,920,764 PZ Cussons P.L.C................................. 1,329,597 6,304,061 REA Holdings P.L.C............................... 50,639 250,812 Tate & Lyle P.L.C................................ 2,226,098 22,703,794 1812 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Consumer Staples -- (Continued) #* Thorntons P.L.C.................................. 274,658 $ 343,384 ------------ Total Consumer Staples............................... 100,859,368 ------------ Energy -- (3.2%) #* Afren P.L.C...................................... 5,639,345 454,148 Amec Foster Wheeler P.L.C........................ 1,114,094 13,320,389 Anglo Pacific Group P.L.C........................ 501,715 638,811 * Cairn Energy P.L.C............................... 2,601,577 7,497,752 * EnQuest P.L.C.................................... 3,606,671 1,845,105 * Exillon Energy P.L.C............................. 172,311 323,611 * Fortune Oil P.L.C................................ 6,238,485 922,098 * Hardy Oil & Gas P.L.C............................ 74,781 53,897 Hunting P.L.C.................................... 648,002 3,857,713 James Fisher & Sons P.L.C........................ 232,253 3,846,970 John Wood Group P.L.C............................ 1,976,825 16,979,754 * Lamprell P.L.C................................... 1,397,664 2,282,110 Petrofac, Ltd.................................... 127,193 1,347,558 Premier Oil P.L.C................................ 2,665,891 5,779,889 * Salamander Energy P.L.C.......................... 1,391,295 1,467,360 Soco International P.L.C......................... 1,018,017 3,997,309 ------------ Total Energy......................................... 64,614,474 ------------ Financials -- (15.0%) Amlin P.L.C...................................... 2,675,210 19,602,060 # Ashmore Group P.L.C.............................. 1,882,641 7,922,786 Bank of Georgia Holdings P.L.C................... 142,092 4,337,900 Beazley P.L.C.................................... 2,627,389 11,383,384 Brewin Dolphin Holdings P.L.C.................... 1,367,522 6,012,679 Capital & Counties Properties P.L.C.............. 474,174 2,740,309 Capital & Regional P.L.C......................... 2,679,417 2,152,692 Catlin Group, Ltd................................ 1,899,020 19,917,013 Charles Stanley Group P.L.C...................... 126,349 631,489 Charles Taylor P.L.C............................. 139,215 511,250 Chesnara P.L.C................................... 582,321 3,082,454 Close Brothers Group P.L.C....................... 788,970 18,003,549 * Coalfield Resources P.L.C........................ 268,451 21,936 Daejan Holdings P.L.C............................ 32,083 2,648,050 Development Securities P.L.C..................... 593,610 2,156,995 Hansard Global P.L.C............................. 16,468 21,019 Helical Bar P.L.C................................ 668,916 3,841,420 Henderson Group P.L.C............................ 5,728,389 20,420,284 Hiscox, Ltd...................................... 1,683,070 18,590,460 ICAP P.L.C....................................... 2,912,161 20,449,316 IG Group Holdings P.L.C.......................... 1,931,185 20,954,426 * Industrial & Commercial Holdings P.L.C........... 5,000 -- Intermediate Capital Group P.L.C................. 572,350 4,240,866 International Personal Finance P.L.C............. 690,825 4,509,437 * IP Group P.L.C................................... 1,306,305 4,615,909 Jardine Lloyd Thompson Group P.L.C............... 643,694 9,145,765 Jupiter Fund Management P.L.C.................... 1,696,286 9,648,998 Lancashire Holdings, Ltd......................... 923,042 8,464,647 LSL Property Services P.L.C...................... 282,713 1,175,735 1813 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Financials -- (Continued) Man Group P.L.C.................................. 9,800,117 $ 26,383,332 Novae Group P.L.C................................ 289,114 2,608,754 Phoenix Group Holdings........................... 888,277 11,187,473 * Quintain Estates & Development P.L.C............. 2,680,731 3,883,669 Rathbone Brothers P.L.C.......................... 165,692 5,479,564 * Raven Russia, Ltd................................ 1,106,257 620,038 S&U P.L.C........................................ 21,140 656,576 Savills P.L.C.................................... 644,235 7,069,846 St James's Place P.L.C........................... 175,261 2,254,882 ST Modwen Properties P.L.C....................... 961,657 6,048,671 Tullett Prebon P.L.C............................. 1,151,235 5,789,844 UNITE Group P.L.C. (The)......................... 1,061,266 7,816,521 * Waterloo Investment Holdings, Ltd................ 5,979 630 ------------ Total Financials..................................... 307,002,628 ------------ Health Care -- (3.9%) #* Alizyme P.L.C.................................... 660,805 -- Bioquell P.L.C................................... 90,893 116,597 * BTG P.L.C........................................ 1,781,080 21,161,330 Consort Medical P.L.C............................ 242,136 3,085,126 Dechra Pharmaceuticals P.L.C..................... 431,161 5,626,311 Genus P.L.C...................................... 282,879 5,210,284 Hikma Pharmaceuticals P.L.C...................... 633,441 22,445,472 * Optos P.L.C...................................... 109,965 416,144 * Oxford Biomedica P.L.C........................... 2,648,141 279,635 #* Skyepharma P.L.C................................. 283,151 1,114,913 Synergy Health P.L.C............................. 300,498 9,803,091 UDG Healthcare P.L.C............................. 1,076,780 6,350,946 * Vectura Group P.L.C.............................. 1,967,288 4,476,100 ------------ Total Health Care.................................... 80,085,949 ------------ Industrials -- (23.1%) Air Partner P.L.C................................ 39,319 176,348 Alumasc Group P.L.C. (The)....................... 124,366 223,533 Ashtead Group P.L.C.............................. 1,037,792 16,887,478 Avon Rubber P.L.C................................ 70,840 846,415 Balfour Beatty P.L.C............................. 3,596,658 12,009,547 BBA Aviation P.L.C............................... 2,792,163 14,239,648 Berendsen P.L.C.................................. 862,981 14,442,334 Bodycote P.L.C................................... 1,253,236 12,815,005 Braemar Shipping Services P.L.C.................. 87,402 611,001 Brammer P.L.C.................................... 500,119 2,596,925 # Camellia P.L.C................................... 2,481 339,847 Cape P.L.C....................................... 675,539 2,122,699 Carillion P.L.C.................................. 2,342,316 12,030,772 Carr's Milling Industries P.L.C.................. 355,270 756,405 Castings P.L.C................................... 162,757 941,629 Chemring Group P.L.C............................. 1,217,006 3,958,810 Clarkson P.L.C................................... 67,965 1,923,102 Cobham P.L.C..................................... 5,618,202 27,539,761 Communisis P.L.C................................. 1,085,996 898,932 Costain Group P.L.C.............................. 336,534 1,454,828 1814 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Industrials -- (Continued) DCC P.L.C.......................................... 447,754 $23,724,383 De La Rue P.L.C.................................... 422,563 3,287,447 # Dialight P.L.C..................................... 74,900 791,062 Diploma P.L.C...................................... 595,258 6,824,069 Fenner P.L.C....................................... 960,636 2,667,587 * Firstgroup P.L.C................................... 5,752,073 8,584,583 Galliford Try P.L.C................................ 399,381 7,908,440 Go-Ahead Group P.L.C............................... 224,275 8,327,674 Goodwin P.L.C...................................... 383 16,594 Grafton Group P.L.C................................ 715,395 7,199,814 Harvey Nash Group P.L.C............................ 46,693 55,759 Hays P.L.C......................................... 7,359,440 17,148,911 Hogg Robinson Group P.L.C.......................... 134,014 91,182 Homeserve P.L.C.................................... 1,421,393 7,197,729 Interserve P.L.C................................... 722,721 5,805,023 Keller Group P.L.C................................. 372,009 4,980,128 Kier Group P.L.C................................... 250,464 5,896,047 Latchways P.L.C.................................... 36,248 394,858 Lavendon Group P.L.C............................... 813,519 1,935,621 Management Consulting Group P.L.C.................. 1,519,596 343,941 Mears Group P.L.C.................................. 539,928 3,378,452 Melrose Industries P.L.C........................... 5,033,096 20,035,302 Michael Page International P.L.C................... 1,418,054 9,922,837 # Mitie Group P.L.C.................................. 1,953,183 7,934,044 Morgan Advanced Materials P.L.C.................... 1,478,838 6,752,061 # Morgan Sindall Group P.L.C......................... 194,239 1,949,177 National Express Group P.L.C....................... 2,267,471 8,697,630 Norcros P.L.C...................................... 127,268 30,679 Northgate P.L.C.................................... 752,381 6,993,898 PayPoint P.L.C..................................... 231,521 2,887,066 QinetiQ Group P.L.C................................ 3,223,884 9,058,867 Regus P.L.C........................................ 3,367,250 10,237,465 * Renold P.L.C....................................... 193,435 163,252 Rentokil Initial P.L.C............................. 9,658,441 17,584,152 Ricardo P.L.C...................................... 276,357 2,782,292 Robert Walters P.L.C............................... 387,999 1,956,549 Rotork P.L.C....................................... 454,126 15,698,458 RPS Group P.L.C.................................... 1,266,580 3,471,358 Senior P.L.C....................................... 2,184,597 10,149,076 # Serco Group P.L.C.................................. 1,984,328 4,597,609 * Severfield P.L.C................................... 1,307,340 1,331,330 Shanks Group P.L.C................................. 2,492,971 3,685,138 SIG P.L.C.......................................... 3,111,040 8,627,881 Speedy Hire P.L.C.................................. 2,992,433 3,271,235 Spirax-Sarco Engineering P.L.C..................... 399,105 18,318,230 St Ives P.L.C...................................... 680,770 1,829,167 Stagecoach Group P.L.C............................. 2,248,039 11,572,994 Sthree P.L.C....................................... 364,277 1,851,428 Stobart Group, Ltd................................. 517,769 825,089 T Clarke P.L.C..................................... 147,457 174,546 # Tarsus Group P.L.C................................. 208,165 655,513 Tribal Group P.L.C................................. 156,581 378,589 # Trifast P.L.C...................................... 463,048 737,574 1815 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Industrials -- (Continued) UK Mail Group P.L.C.............................. 197,261 $ 1,571,206 Ultra Electronics Holdings P.L.C................. 351,758 9,240,547 Vesuvius P.L.C................................... 1,449,566 9,570,939 #* Volex P.L.C...................................... 317,928 316,238 Vp P.L.C......................................... 167,297 1,511,480 * Wincanton P.L.C.................................. 571,778 1,521,950 WS Atkins P.L.C.................................. 524,536 9,884,704 XP Power, Ltd.................................... 75,669 1,644,356 ------------ Total Industrials.................................... 472,796,229 ------------ Information Technology -- (8.4%) Acal P.L.C....................................... 209,458 811,370 Anite P.L.C...................................... 1,650,678 2,027,462 Aveva Group P.L.C................................ 151,640 2,996,458 Computacenter P.L.C.............................. 433,706 4,215,813 CSR P.L.C........................................ 916,815 11,746,640 Domino Printing Sciences P.L.C................... 548,653 5,627,450 E2V Technologies P.L.C........................... 609,311 1,720,097 Electrocomponents P.L.C.......................... 2,248,668 6,909,397 Fidessa Group P.L.C.............................. 170,947 6,166,056 * Filtronic P.L.C.................................. 4,262 1,282 Halma P.L.C...................................... 2,013,747 21,071,091 #* Imagination Technologies Group P.L.C............. 923,315 3,401,077 Innovation Group P.L.C........................... 5,162,764 2,271,961 * Kofax, Ltd....................................... 9,986 68,270 Laird P.L.C...................................... 1,432,394 6,866,888 Micro Focus International P.L.C.................. 664,396 10,527,510 Moneysupermarket.com Group P.L.C................. 1,641,433 6,479,762 NCC Group P.L.C.................................. 402,018 1,365,117 Oxford Instruments P.L.C......................... 190,876 2,134,048 Pace P.L.C....................................... 1,504,826 7,552,118 Phoenix IT Group P.L.C........................... 204,614 433,731 Playtech P.L.C................................... 876,447 8,920,633 Premier Farnell P.L.C............................ 2,136,337 5,431,219 * PV Crystalox Solar P.L.C......................... 27,451 4,280 Renishaw P.L.C................................... 188,423 6,566,443 RM P.L.C......................................... 326,463 765,589 * SDL P.L.C........................................ 371,904 2,370,228 Sepura P.L.C..................................... 241,893 546,177 Spectris P.L.C................................... 610,218 19,175,592 Spirent Communications P.L.C..................... 2,882,616 3,848,701 Telecity Group P.L.C............................. 1,020,985 13,227,144 TT electronics P.L.C............................. 841,331 1,396,714 Xaar P.L.C....................................... 275,443 1,278,068 Xchanging P.L.C.................................. 1,364,339 3,214,960 ------------ Total Information Technology......................... 171,139,346 ------------ Materials -- (7.1%) Acacia Mining P.L.C.............................. 537,038 2,281,498 Alent P.L.C...................................... 1,337,126 7,343,245 British Polythene Industries P.L.C............... 137,680 1,331,446 Carclo P.L.C..................................... 200,519 308,500 1816 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- Materials -- (Continued) Centamin P.L.C................................ 5,295,250 $ 5,349,461 Croda International P.L.C..................... 463,619 18,515,255 DS Smith P.L.C................................ 5,007,556 23,816,849 Elementis P.L.C............................... 2,403,235 9,977,677 Essentra P.L.C................................ 1,239,244 15,429,594 # Evraz P.L.C................................... 1,226,120 3,137,818 Ferrexpo P.L.C................................ 955,423 720,498 * Gem Diamonds, Ltd............................. 565,679 1,202,840 Hill & Smith Holdings P.L.C................... 431,543 3,953,043 #* Hochschild Mining P.L.C....................... 702,031 957,561 * International Ferro Metals, Ltd............... 447,220 27,112 #* KAZ Minerals P.L.C............................ 1,068,010 3,219,352 * Lonmin P.L.C.................................. 2,202,370 5,393,830 Low & Bonar P.L.C............................. 1,132,571 873,050 Marshalls P.L.C............................... 947,343 3,482,206 * Petra Diamonds, Ltd........................... 1,606,903 3,705,061 #* Petropavlovsk P.L.C........................... 871,038 177,154 Rexam P.L.C................................... 731,457 4,674,210 RPC Group P.L.C............................... 1,198,354 9,755,002 Synthomer P.L.C............................... 1,278,510 4,673,549 Vedanta Resources P.L.C....................... 480,809 2,686,764 Victrex P.L.C................................. 401,577 12,414,088 # Zotefoams P.L.C............................... 96,852 344,229 -------------- Total Materials..................................... 145,750,892 -------------- Telecommunication Services -- (2.8%) Cable & Wireless Communications P.L.C......... 12,247,104 9,195,040 #* Colt Group SA................................. 1,540,335 3,073,673 Inmarsat P.L.C................................ 2,296,017 28,769,751 Kcom Group P.L.C.............................. 3,120,260 3,883,916 # TalkTalk Telecom Group P.L.C.................. 2,703,937 12,914,054 -------------- Total Telecommunication Services.................... 57,836,434 -------------- Utilities -- (2.1%) Dee Valley Group P.L.C........................ 12,109 223,202 Drax Group P.L.C.............................. 2,148,801 11,659,298 # Pennon Group P.L.C............................ 2,061,341 27,554,257 Telecom Plus P.L.C............................ 192,909 3,158,712 -------------- Total Utilities..................................... 42,595,469 -------------- TOTAL COMMON STOCKS................................. 1,956,729,345 -------------- SECURITIES LENDING COLLATERAL -- (4.3%) (S)@ DFA Short Term Investment Fund................ 7,672,764 88,773,883 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,591,991,696)^^........................... $2,045,503,228 ============== 1817 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Common Stocks Consumer Discretionary... $ 1,384,136 $ 512,664,420 -- $ 514,048,556 Consumer Staples......... -- 100,859,368 -- 100,859,368 Energy................... -- 64,614,474 -- 64,614,474 Financials............... -- 307,002,628 -- 307,002,628 Health Care.............. 416,144 79,669,805 -- 80,085,949 Industrials.............. -- 472,796,229 -- 472,796,229 Information Technology... 10,527,510 160,611,836 -- 171,139,346 Materials................ -- 145,750,892 -- 145,750,892 Telecommunication Services............... -- 57,836,434 -- 57,836,434 Utilities................ -- 42,595,469 -- 42,595,469 Securities Lending Collateral................ -- 88,773,883 -- 88,773,883 ----------- -------------- -- -------------- TOTAL....................... $12,327,790 $2,033,175,438 -- $2,045,503,228 =========== ============== == ============== 1818 THE CONTINENTAL SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ------- ----------- COMMON STOCKS -- (90.7%) AUSTRIA -- (2.1%) * A-TEC Industries AG.............................. 21,828 $ -- Agrana Beteiligungs AG........................... 17,354 1,372,077 # AMAG Austria Metall AG........................... 2,949 92,327 Atrium European Real Estate, Ltd................. 614,001 2,861,133 Austria Technologie & Systemtechnik AG........... 115,674 1,500,044 BUWOG AG......................................... 768 15,000 # CA Immobilien Anlagen AG......................... 163,483 3,311,099 # Conwert Immobilien Invest SE..................... 293,438 3,414,343 DO & CO AG....................................... 24,454 1,838,725 EVN AG........................................... 181,639 2,008,600 Flughafen Wien AG................................ 8,590 746,574 Frauenthal Holding AG............................ 2,973 28,526 * IMMOFINANZ AG.................................... 15,360 35,099 Josef Manner & Co. AG............................ 870 45,321 * Kapsch TrafficCom AG............................. 26,900 617,806 # Lenzing AG....................................... 51,434 3,335,800 # Mayr Melnhof Karton AG........................... 46,491 4,798,358 Oberbank AG...................................... 37,973 2,177,486 Oesterreichische Post AG......................... 171,966 8,524,138 Palfinger AG..................................... 58,212 1,526,026 * PIAG Immobilien AG............................... 849 8,452 POLYTEC Holding AG............................... 83,703 642,551 Porr AG.......................................... 6,688 342,490 # Raiffeisen Bank International AG................. 181,539 2,121,298 RHI AG........................................... 113,647 2,981,032 Rosenbauer International AG...................... 17,685 1,343,856 S IMMO AG........................................ 305,520 2,364,768 # Schoeller-Bleckmann Oilfield Equipment AG........ 53,891 3,187,689 Semperit AG Holding.............................. 55,075 2,432,029 Strabag SE....................................... 102,680 2,275,317 UNIQA Insurance Group AG......................... 425,501 3,601,500 Wienerberger AG.................................. 570,796 8,065,545 * Wolford AG....................................... 11,252 270,797 # Zumtobel Group AG................................ 165,178 3,790,102 ----------- TOTAL AUSTRIA........................................ 71,675,908 ----------- BELGIUM -- (3.2%) * Ablynx NV........................................ 286,692 3,381,105 Ackermans & van Haaren NV........................ 126,744 15,063,787 * AGFA-Gevaert NV.................................. 998,205 2,331,625 # Atenor Group..................................... 6,182 286,256 Banque Nationale de Belgique..................... 1,013 3,995,847 # Barco NV......................................... 66,629 4,288,237 Cie d'Entreprises CFE............................ 44,897 4,275,090 Cie Immobiliere de Belgique SA................... 14,639 788,534 Cie Maritime Belge SA............................ 66,098 1,034,826 Co.Br.Ha Societe Commerciale de Brasserie SA..... 115 287,215 D'ieteren SA..................................... 129,060 4,167,361 Deceuninck NV.................................... 364,236 753,357 # Econocom Group................................... 312,002 2,554,632 Elia System Operator SA.......................... 146,804 6,447,374 1819 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ BELGIUM -- (Continued) #* Euronav NV....................................... 332,824 $ 3,902,201 # EVS Broadcast Equipment SA....................... 60,843 2,051,848 Exmar NV......................................... 180,372 1,589,054 # Fagron........................................... 128,749 5,256,578 * Floridienne SA................................... 702 59,879 Gimv NV.......................................... 14,723 666,134 * Hamon & CIE SA................................... 4,508 50,123 * Ion Beam Applications............................ 107,269 2,104,523 Jensen-Group NV.................................. 13,482 269,896 Kinepolis Group NV............................... 97,910 4,298,453 # Lotus Bakeries................................... 1,426 1,711,336 #* MDxHealth........................................ 162,039 844,908 Melexis NV....................................... 104,024 5,206,831 * Mobistar SA...................................... 130,540 2,900,896 # NV Bekaert SA.................................... 190,167 5,739,399 #* Nyrstar NV....................................... 1,684,849 6,334,329 * Option NV........................................ 131,335 43,418 * Picanol.......................................... 29,777 1,116,283 * RealDolmen NV.................................... 120 14 * RealDolmen NV/SA................................. 8,137 169,747 Recticel SA...................................... 114,763 662,774 * Rentabiliweb Group............................... 18,045 140,824 # Resilux.......................................... 4,952 716,991 * RHJ International SA............................. 282,980 1,486,226 * Roularta Media Group NV.......................... 10,263 124,944 * Sapec............................................ 1,372 43,806 Sioen Industries NV.............................. 52,140 753,232 Sipef SA......................................... 30,617 1,790,996 TER Beke SA...................................... 2,260 166,175 * Tessenderlo Chemie NV............................ 189,911 4,915,386 #* ThromboGenics NV................................. 164,549 1,289,671 Van de Velde NV.................................. 37,238 2,025,604 * Viohalco SA...................................... 603,593 1,520,312 ------------ TOTAL BELGIUM........................................ 109,608,037 ------------ DENMARK -- (4.4%) ALK-Abello A.S................................... 31,126 3,539,669 * Alm Brand A.S.................................... 484,611 2,508,902 # Ambu A.S. Class B................................ 120,928 2,568,750 Arkil Holding A.S. Class B....................... 504 66,268 * Auriga Industries A.S. Class B................... 96,829 4,581,943 #* Bang & Olufsen A.S............................... 173,002 1,196,468 BankNordik P/F................................... 1,753 27,814 * Bavarian Nordic A.S.............................. 139,034 4,281,551 Brodrene Hartmann A.S............................ 13,977 370,068 # D/S Norden A.S................................... 124,661 2,578,212 Dfds A.S......................................... 25,693 2,477,227 Djurslands Bank A.S.............................. 8,970 268,719 East Asiatic Co., Ltd. A.S....................... 67,689 534,713 FE Bording A.S................................... 426 58,486 # FLSmidth & Co. A.S............................... 262,093 11,073,475 Fluegger A.S. Class B............................ 4,198 246,841 * Genmab A.S....................................... 224,708 15,057,028 1820 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ DENMARK -- (Continued) GN Store Nord A.S................................ 842,143 $ 18,879,109 * GPV Industri A.S. Series B....................... 2,200 -- * Greentech Energy Systems A.S..................... 12,775 13,624 Gronlandsbanken A.S.............................. 1,125 110,199 H Lundbeck A.S................................... 76,174 1,547,061 * H+H International A.S. Class B................... 32,853 187,614 Harboes Bryggeri A.S. Class B.................... 13,115 180,072 IC Companys A.S.................................. 38,020 815,249 Jeudan A.S....................................... 4,800 426,654 * Jyske Bank A.S................................... 157,875 7,145,936 Lan & Spar Bank.................................. 5,150 331,996 NKT Holding A.S.................................. 110,421 5,672,056 Nordjyske Bank A.S............................... 17,600 269,626 Norresundby Bank A.S............................. 7,350 434,938 #* Parken Sport & Entertainment A.S................. 33,556 304,866 PER Aarsleff A.S. Class B........................ 10,487 2,357,340 Ringkjoebing Landbobank A.S...................... 21,084 3,964,665 Roblon A.S. Class B.............................. 2,700 124,588 Rockwool International A.S. Class B.............. 30,614 3,269,017 * Royal UNIBREW A.S................................ 46,556 7,935,996 RTX A.S.......................................... 8,648 82,895 Schouw & Co...................................... 74,017 3,435,052 # SimCorp A.S...................................... 214,946 6,246,845 Solar A.S. Class B............................... 27,205 1,201,661 Spar Nord Bank A.S............................... 352,611 3,179,244 * Sydbank A.S...................................... 317,330 8,938,943 Tivoli A.S....................................... 969 467,812 * TK Development A.S............................... 401,193 548,044 * Topdanmark A.S................................... 507,925 16,996,427 * Topsil Semiconductor Matls....................... 886,257 61,166 # United International Enterprises................. 10,565 1,584,001 * Vestas Wind Systems A.S.......................... 19,992 776,761 #* Vestjysk Bank A.S................................ 53,413 69,660 #* Zealand Pharma A.S............................... 58,389 756,807 ------------ TOTAL DENMARK........................................ 149,752,058 ------------ FINLAND -- (6.3%) Afarak Group Oyj................................. 102,089 41,112 Ahlstrom Oyj..................................... 48,381 437,104 Aktia Bank Oyj................................... 51,380 579,646 Alma Media Oyj................................... 277,852 950,789 Amer Sports Oyj.................................. 566,687 10,807,947 Apetit Oyj....................................... 19,402 337,871 # Aspo Oyj......................................... 83,365 649,307 Atria Oyj........................................ 37,273 325,777 Bank of Aland P.L.C. Class B..................... 22,078 303,625 BasWare Oyj...................................... 42,915 1,839,121 * Biotie Therapies Oyj............................. 1,106,389 233,540 # Cargotec Oyj..................................... 167,673 5,371,003 Caverion Corp.................................... 486,401 4,546,246 Citycon Oyj...................................... 1,345,638 4,562,414 Comptel Oyj...................................... 337,600 350,855 # Cramo Oyj........................................ 148,755 2,293,968 1821 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- FINLAND -- (Continued) Digia Oyj.......................................... 48,912 $ 187,335 Elektrobit Oyj..................................... 265,750 1,229,791 Elisa Oyj.......................................... 702,558 18,687,969 F-Secure Oyj....................................... 471,472 1,218,919 * Finnair Oyj........................................ 427,233 1,589,937 * Finnlines Oyj...................................... 124,906 2,257,952 # Fiskars Oyj Abp.................................... 196,766 4,131,572 * GeoSentric Oyj..................................... 244,900 -- HKScan Oyj Class A................................. 130,814 569,706 Huhtamaki Oyj...................................... 452,365 12,401,699 Ilkka-Yhtyma Oyj................................... 61,503 151,699 # Kemira Oyj......................................... 472,368 5,404,307 Kesko Oyj Class A.................................. 347 12,120 Kesko Oyj Class B.................................. 315,046 11,512,533 # Konecranes Oyj..................................... 245,559 7,481,047 # Lassila & Tikanoja Oyj............................. 160,510 3,214,931 * Lemminkainen Oyj................................... 31,119 387,261 Metsa Board Oyj.................................... 1,549,706 9,259,933 Metso Oyj.......................................... 450,551 13,708,127 # Munksjo Oyj........................................ 24,345 258,021 Neste Oil Oyj...................................... 609,759 16,956,429 # Nokian Renkaat Oyj................................. 262,600 6,471,799 Okmetic Oyj........................................ 61,386 367,411 # Olvi Oyj Class A................................... 70,665 1,920,092 * Oriola-KD Oyj Class A.............................. 5,045 20,655 * Oriola-KD Oyj Class B.............................. 507,715 2,069,561 Orion Oyj Class A.................................. 130,940 4,308,883 Orion Oyj Class B.................................. 401,178 13,226,703 #* Outokumpu Oyj...................................... 841,911 4,555,095 # Outotec Oyj........................................ 697,608 4,039,617 # PKC Group Oyj...................................... 109,715 2,384,547 Ponsse Oy.......................................... 31,710 444,636 #* Poyry Oyj.......................................... 194,637 640,110 Raisio Oyj Class V................................. 541,284 2,600,644 Ramirent Oyj....................................... 324,161 2,676,483 Rapala VMC Oyj..................................... 113,258 669,424 Revenio Group Oyj.................................. 16,100 297,176 Saga Furs Oyj...................................... 11,324 295,755 # Sanoma Oyj......................................... 380,701 2,397,318 SRV Group Oyj...................................... 9,181 33,503 Stockmann Oyj Abp(5462371)......................... 43,914 331,536 # Stockmann Oyj Abp(5462393)......................... 139,051 964,809 Technopolis Oyj.................................... 431,926 1,957,818 Teleste Oyj........................................ 53,559 392,832 Tieto Oyj.......................................... 305,721 7,512,876 Tikkurila Oyj...................................... 175,018 3,157,977 Uponor Oyj......................................... 249,785 3,806,418 Vaisala Oyj Class A................................ 42,946 1,097,922 Viking Line Abp.................................... 10,366 207,243 1822 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ FINLAND -- (Continued) # YIT Oyj.......................................... 500,865 $ 2,917,230 ------------ TOTAL FINLAND........................................ 216,017,686 ------------ FRANCE -- (11.3%) ABC Arbitrage.................................... 24,398 131,094 Actia Group...................................... 10,294 63,848 #* Air France-KLM................................... 1,149,187 10,119,022 Akka Technologies SA............................. 41,457 1,502,496 Albioma SA....................................... 102,932 1,912,750 Altamir.......................................... 81,618 955,676 Alten SA......................................... 111,528 4,671,265 Altran Technologies SA........................... 738,960 6,540,160 April SA......................................... 76,998 956,761 #* Archos........................................... 111,720 300,813 Arkema SA........................................ 95,047 6,780,137 Assystem......................................... 65,144 1,273,506 # Aubay............................................ 15,189 188,847 Audika Groupe.................................... 22,298 324,037 Aurea SA......................................... 2,850 14,543 Axway Software SA................................ 29,721 562,056 Bastide le Confort Medical....................... 3,250 67,709 #* Beneteau SA...................................... 188,909 2,752,130 # Bigben Interactive............................... 36,286 155,299 BioMerieux....................................... 57,425 6,273,403 Boiron SA........................................ 33,463 3,422,561 Bollore SA....................................... 2,385,889 10,268,582 Bonduelle S.C.A.................................. 77,754 1,752,418 # Bongrain SA...................................... 34,266 2,086,464 Burelle SA....................................... 3,866 2,876,766 Catering International Services.................. 4,706 101,317 * Cegedim SA....................................... 21,754 788,701 Cegid Group...................................... 24,759 891,379 #* CGG SA........................................... 455,425 2,522,990 * Chargeurs SA..................................... 94,834 548,572 * Cie des Alpes.................................... 24,115 430,737 #* Club Mediterranee SA............................. 107,104 2,984,762 Derichebourg SA.................................. 548,515 2,132,391 # Devoteam SA...................................... 27,431 527,472 Eiffage SA....................................... 105,215 5,122,677 Electricite de Strasbourg SA..................... 21,886 2,722,424 #* Eramet........................................... 11,960 957,834 #* Esso SA Francaise................................ 13,096 541,738 * Etablissements Maurel et Prom.................... 429,214 3,466,936 Euler Hermes Group............................... 49,555 4,852,833 #* Euro Disney SCA.................................. 68,806 95,841 Eurofins Scientific SE........................... 46,942 12,059,640 Exel Industries Class A.......................... 10,680 555,037 Faiveley Transport SA............................ 35,342 2,143,924 Faurecia......................................... 285,223 11,456,374 Fimalac.......................................... 31,490 2,481,988 Fleury Michon SA................................. 6,164 350,461 * GameLoft SE...................................... 315,552 1,051,074 Gaumont SA....................................... 13,980 584,461 1823 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ----------- FRANCE -- (Continued) GEA.............................................. 2,433 $ 214,678 #* GECI International............................... 59,392 -- Gevelot SA....................................... 3,584 505,839 GL Events........................................ 48,302 899,659 Groupe Crit...................................... 24,255 1,064,247 Groupe Eurotunnel SE............................. 55,555 745,920 Groupe Flo....................................... 35,997 89,755 * Groupe Fnac...................................... 23,258 1,166,554 # Groupe Gorge..................................... 16,780 393,209 * Groupe Open...................................... 27,590 350,521 Guerbet.......................................... 30,306 1,126,244 Haulotte Group SA................................ 70,589 1,047,513 #* Hi-Media SA...................................... 274,892 714,444 # Ingenico......................................... 171,744 17,954,578 # Interparfums SA.................................. 45,542 1,344,063 Ipsen SA......................................... 166,132 8,455,195 IPSOS............................................ 159,746 4,162,386 Jacquet Metal Service............................ 66,455 1,159,125 Korian-Medica.................................... 172,799 6,534,925 Lagardere SCA.................................... 630,688 17,249,954 # Lanson-BCC....................................... 9,093 327,335 Laurent-Perrier.................................. 12,792 1,011,180 * Le Noble Age..................................... 12,101 272,513 Lectra........................................... 110,352 1,241,360 Linedata Services................................ 1,714 43,995 LISI............................................. 89,646 2,226,361 Maisons France Confort SA........................ 15,817 547,557 * Manitou BF SA.................................... 49,287 723,570 Manutan International............................ 14,553 657,554 Mersen........................................... 72,883 1,721,716 #* METabolic EXplorer SA............................ 129,858 835,141 Metropole Television SA.......................... 270,181 4,939,868 MGI Coutier...................................... 44,418 674,906 Montupet......................................... 37,453 2,972,200 Mr Bricolage..................................... 30,731 493,804 # Naturex.......................................... 30,626 1,602,510 # Neopost SA....................................... 179,534 9,315,078 #* Nexans SA........................................ 139,042 4,379,230 Nexity SA........................................ 139,078 5,476,291 NextRadioTV...................................... 16,908 488,433 Norbert Dentressangle SA......................... 20,989 3,096,674 #* NRJ Group........................................ 72,524 543,384 Oeneo SA......................................... 15,730 82,798 #* Onxeo............................................ 50,618 351,766 #* Orco Property Group SA........................... 167,788 67,990 Orpea............................................ 178,021 11,572,545 Paris Orleans SA................................. 3,127 61,119 * Parrot SA........................................ 43,199 926,582 #* Pierre & Vacances SA............................. 26,355 751,999 Plastic Omnium SA................................ 324,906 9,327,914 PSB Industries SA................................ 8,438 385,385 Rallye SA........................................ 109,998 4,124,527 #* Recylex SA....................................... 83,164 178,928 1824 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ FRANCE -- (Continued) Robertet SA......................................... 3,167 $ 588,093 # Rubis SCA........................................... 186,252 10,801,655 Saft Groupe SA...................................... 153,193 4,886,449 Samse SA............................................ 8,342 1,003,156 Sartorius Stedim Biotech............................ 12,835 2,498,430 SEB SA.............................................. 108,066 7,395,213 Seche Environnement SA.............................. 9,167 216,237 * Securidev SA........................................ 2,500 107,142 #* Sequana SA.......................................... 88,039 254,053 Societe d'Edition de Canal +........................ 277,136 1,866,803 Societe des Bains de Mer et du Cercle des Etrangers a Monaco.......................................... 46,150 2,292,974 Societe Internationale de Plantations d'Heveas SA... 7,778 285,136 Societe Marseillaise du Tunnel Prado-Carenage SA.... 3,434 123,051 Societe pour l'Informatique Industrielle............ 40,908 307,152 Societe Television Francaise 1...................... 618,548 9,737,096 #* SOITEC.............................................. 1,185,978 1,176,852 * Solocal Group....................................... 4,808,519 4,036,156 # Somfy SA............................................ 21,738 5,518,086 Sopra Steria Group.................................. 63,969 4,981,229 * Spir Communication SA............................... 4,687 80,051 Stallergenes SA..................................... 4,869 289,762 #* Ste Industrielle d'Aviation Latecoere SA............ 49,388 629,521 # Stef SA............................................. 29,121 1,678,458 #* Store Electronic.................................... 12,202 172,992 Sword Group......................................... 30,562 673,145 Synergie SA......................................... 72,705 1,586,421 * Technicolor SA...................................... 1,373,206 8,203,135 Teleperformance..................................... 310,372 22,236,866 Tessi SA............................................ 7,038 712,861 TFF Group........................................... 5,013 372,751 * Theolia SA.......................................... 281,335 174,849 Thermador Groupe.................................... 11,622 932,584 Total Gabon......................................... 1,399 480,593 Touax SA............................................ 4,773 80,104 Trigano SA.......................................... 46,521 1,388,516 * UBISOFT Entertainment............................... 504,559 10,128,192 # Union Financiere de France BQE SA................... 16,679 444,160 Vallourec SA........................................ 123,027 2,669,315 #* Valneva SE.......................................... 226,364 1,030,774 Vetoquinol SA....................................... 12,574 496,906 Vicat............................................... 65,766 4,618,799 VIEL & Cie SA....................................... 158,130 357,528 Vilmorin & Cie SA................................... 26,758 2,354,238 Virbac SA........................................... 18,973 4,211,458 VM Materiaux SA..................................... 6,914 188,986 Vranken-Pommery Monopole SA......................... 18,881 511,593 ------------ TOTAL FRANCE............................................ 386,704,449 ------------ GERMANY -- (13.8%) * AAP Implantate AG................................... 1,361 3,987 Aareal Bank AG...................................... 423,110 16,021,563 Adler Modemaerkte AG................................ 43,274 626,007 * ADVA Optical Networking SE.......................... 189,709 627,088 1825 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) #* Air Berlin P.L.C................................... 167,708 $ 206,492 #* Aixtron SE......................................... 409,853 3,241,303 * Aligna AG.......................................... 318,087 -- All for One Steeb AG............................... 252 10,141 # Allgeier SE........................................ 26,582 457,752 Amadeus Fire AG.................................... 25,995 1,933,835 * Analytik Jena AG................................... 5,992 94,567 * AS Creation Tapeten................................ 7,109 219,206 Aurubis AG......................................... 166,425 9,022,461 #* Balda AG........................................... 127,634 430,264 Basler AG.......................................... 1,972 88,964 #* Bauer AG........................................... 49,656 908,536 BayWa AG(5838057).................................. 60,753 2,389,716 BayWa AG(5838068).................................. 124 5,644 Bechtle AG......................................... 75,407 6,372,400 Bertrandt AG....................................... 24,357 3,201,414 Bijou Brigitte AG.................................. 19,384 1,167,848 Bilfinger SE....................................... 151,665 7,923,464 Biotest AG......................................... 20,784 2,309,724 * BKN International AG............................... 33,408 -- Borussia Dortmund GmbH & Co. KGaA.................. 410,945 1,851,149 # CANCOM SE.......................................... 77,099 3,297,696 Carl Zeiss Meditec AG.............................. 116,969 3,085,356 Celesio AG......................................... 212,397 6,291,895 CENIT AG........................................... 37,908 513,198 CENTROTEC Sustainable AG........................... 43,285 645,681 Cewe Stiftung & Co. KGAA........................... 28,461 1,668,327 Comdirect Bank AG.................................. 179,407 1,782,692 CompuGroup Medical AG.............................. 78,359 2,026,826 * Constantin Medien AG............................... 351,622 511,839 CropEnergies AG.................................... 111,540 340,703 CTS Eventim AG & Co. KGaA.......................... 212,200 6,069,447 Data Modul AG...................................... 11,455 354,485 # DEAG Deutsche Entertainment AG..................... 7,319 64,361 # Delticom AG........................................ 25,992 500,409 Deutsche Beteiligungs AG........................... 29,148 904,807 Deutsche Wohnen AG................................. 847,394 22,012,217 Deutz AG........................................... 440,031 2,028,486 * Dialog Semiconductor P.L.C......................... 315,500 12,066,245 DIC Asset AG....................................... 13,115 137,011 DMG Mori Seiki AG.................................. 308,295 10,098,359 Dr Hoenle AG....................................... 21,610 438,627 Draegerwerk AG & Co. KGaA.......................... 6,384 511,062 Drillisch AG....................................... 228,312 8,845,227 Duerr AG........................................... 123,784 11,265,737 Eckert & Ziegler AG................................ 17,884 424,432 Elmos Semiconductor AG............................. 49,157 972,415 ElringKlinger AG................................... 151,212 5,268,706 Erlus AG........................................... 2,970 164,869 #* Euromicron AG...................................... 33,718 431,185 #* Evotec AG.......................................... 1,140,613 4,706,104 Fielmann AG........................................ 46,175 3,138,623 #* First Sensor AG.................................... 19,888 213,999 1826 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) Francotyp-Postalia Holding AG Class A.............. 53,729 $ 254,800 Freenet AG......................................... 631,511 18,803,498 Fuchs Petrolub SE.................................. 158,452 5,983,922 * GAGFAH SA.......................................... 281,532 6,273,545 Gerresheimer AG.................................... 154,331 8,413,996 Gerry Weber International AG....................... 109,422 4,215,857 Gesco AG........................................... 14,980 1,174,612 GFK SE............................................. 72,900 2,902,573 GFT Technologies AG................................ 81,255 1,247,899 Grammer AG......................................... 62,474 2,484,520 Grenkeleasing AG................................... 32,703 3,500,986 * H&R AG............................................. 50,783 385,684 # Hamburger Hafen und Logistik AG.................... 94,113 1,933,554 * Hansa Group AG..................................... 9,627 261 # Hawesko Holding AG................................. 20,532 926,040 #* Heidelberger Druckmaschinen AG..................... 1,325,208 3,110,978 Highlight Communications AG........................ 98,062 376,171 Homag Group AG..................................... 28,046 1,094,597 Hornbach Baumarkt AG............................... 3,546 129,243 Indus Holding AG................................... 112,136 4,891,223 # Init Innovation In Traffic Systems AG.............. 19,649 494,310 #* Intershop Communications AG........................ 62,598 72,777 Isra Vision AG..................................... 15,171 932,955 Jenoptik AG........................................ 223,167 2,986,031 * Joyou AG........................................... 19,317 267,361 * Kampa AG........................................... 7,101 112 * Kloeckner & Co. SE................................. 520,355 5,361,440 * Koenig & Bauer AG.................................. 27,098 358,106 * Kontron AG......................................... 247,150 1,461,148 Krones AG.......................................... 72,618 6,874,980 KSB AG............................................. 3,584 1,826,384 # KUKA AG............................................ 137,507 9,295,900 # KWS Saat AG........................................ 16,490 5,039,122 Lanxess AG......................................... 301,594 14,456,323 Leifheit AG........................................ 12,500 684,383 Leoni AG........................................... 160,708 10,025,916 # LPKF Laser & Electronics AG........................ 116,440 1,284,341 #* Manz AG............................................ 14,219 1,018,436 * MasterFlex SE...................................... 19,347 157,289 * Mediclin AG........................................ 119,554 471,109 * Medigene AG........................................ 30,647 131,310 MLP AG............................................. 222,513 882,440 # Mobotix AG......................................... 13,963 174,970 MTU Aero Engines AG................................ 248,035 22,691,913 Muehlbauer Holding AG.............................. 14,905 276,163 MVV Energie AG..................................... 100,214 2,772,107 Nemetschek AG...................................... 25,985 2,712,318 Nexus AG........................................... 42,453 614,740 * Nordex SE.......................................... 301,573 5,820,425 Norma Group SE..................................... 155,621 7,716,993 OHB AG............................................. 35,659 853,230 * Osram Licht AG..................................... 146,342 6,727,081 * Patrizia Immobilien AG............................. 190,180 3,334,843 1827 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Pfeiffer Vacuum Technology AG...................... 49,303 $4,427,486 # PNE Wind AG........................................ 380,000 946,579 Progress-Werk Oberkirch AG......................... 7,828 342,380 #* PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie.......................... 28,155 397,527 # Puma SE............................................ 9,114 1,734,661 * PVA TePla AG....................................... 46,019 77,538 * QIAGEN NV.......................................... 163,579 3,742,550 # QSC AG............................................. 484,191 961,206 # R Stahl AG......................................... 15,459 743,145 Rational AG........................................ 12,336 4,059,954 Rheinmetall AG..................................... 195,657 8,466,765 Rhoen Klinikum AG.................................. 262,146 6,945,157 # RIB Software AG.................................... 79,686 1,014,386 SAF-Holland SA..................................... 238,735 3,525,515 Salzgitter AG...................................... 192,504 5,247,816 # Schaltbau Holding AG............................... 25,809 1,326,258 Schloss Wachenheim AG.............................. 7,479 100,543 * SER Systems AG..................................... 9,400 -- #* SGL Carbon SE...................................... 293,612 4,661,722 SHW AG............................................. 24,598 1,213,841 #* Singulus Technologies AG........................... 241,327 231,414 Sinner AG.......................................... 89 1,305 Sixt SE............................................ 81,198 3,146,276 #* SKW Stahl-Metallurgie Holding AG................... 28,224 144,713 #* SMA Solar Technology AG............................ 54,199 658,888 # SMT Scharf AG...................................... 18,717 300,659 # Softing AG......................................... 22,308 369,673 Software AG........................................ 318,618 8,432,859 #* Solarworld AG...................................... 774 10,015 Stada Arzneimittel AG.............................. 298,237 9,247,185 STRATEC Biomedical AG.............................. 26,841 1,446,178 Stroeer Media SE................................... 114,489 3,332,391 # Suedzucker AG...................................... 333,948 4,199,137 # Surteco SE......................................... 3,550 98,231 #* Suss Microtec AG................................... 92,598 486,597 Symrise AG......................................... 114,117 7,469,286 Syzygy AG.......................................... 30,656 269,201 # TAG Immobilien AG.................................. 455,809 5,920,630 Takkt AG........................................... 140,345 2,389,641 Technotrans AG..................................... 29,535 326,399 * Tom Tailor Holding AG.............................. 105,980 1,301,223 # Tomorrow Focus AG.................................. 118,269 500,077 UMS United Medical Systems International AG........ 3,304 37,415 USU Software AG.................................... 3,377 56,497 * VERBIO Vereinigte BioEnergie AG.................... 796 1,614 # Vossloh AG......................................... 45,413 2,907,732 VTG AG............................................. 50,521 1,212,746 Wacker Neuson SE................................... 108,201 2,191,560 Washtec AG......................................... 5,625 95,372 # Wincor Nixdorf AG.................................. 143,454 6,574,101 XING AG............................................ 11,211 1,368,821 1828 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) # Zeal Network SE.................................... 30,567 $ 1,287,299 ------------ TOTAL GERMANY.......................................... 471,725,630 ------------ GREECE -- (0.0%) * Alfa Alfa Energy SA................................ 3,810 -- * Alysida SA......................................... 2,376 -- * Atlantic Supermarkets SA........................... 34,730 -- * Babis Vovos International Construction SA.......... 21,073 -- * Balafas SA......................................... 15,200 -- * Bank of Cyprus Pcl................................. -- -- * Elektroniki Athinon SA............................. 7,497 763 * Etma Rayon SA...................................... 11,242 -- * Informatics SA..................................... 3,778 -- * Ipirotiki Software & Publications SA............... 22,110 -- * Lan-Net SA......................................... 12,688 -- * Neorion Holdings SA................................ 14,991 -- * Promota Hellas SA.................................. 8,860 -- * T Bank SA.......................................... 228,007 -- * Themeliodomi SA.................................... 37,422 -- ------------ TOTAL GREECE........................................... 763 ------------ IRELAND -- (2.1%) Aer Lingus Group P.L.C............................. 752,359 1,816,736 C&C Group P.L.C.(B010DT8).......................... 399,607 1,551,066 C&C Group P.L.C.(B011Y09).......................... 1,114,457 4,343,934 Dragon Oil P.L.C................................... 953,523 7,914,881 FBD Holdings P.L.C................................. 125,728 1,583,758 Fyffes P.L.C....................................... 264,335 336,040 Glanbia P.L.C.(0066950)............................ 700,613 11,314,696 Glanbia P.L.C.(4058629)............................ 86,722 1,396,228 IFG Group P.L.C.................................... 312,257 546,952 * Independent News & Media P.L.C..................... 806,194 112,875 Irish Continental Group P.L.C.(BLP5857)............ 374,158 1,383,323 Irish Continental Group P.L.C.(BLP59W1)............ 234,200 872,076 * Kenmare Resources P.L.C............................ 4,546,361 233,936 Kingspan Group P.L.C............................... 600,070 10,842,335 Paddy Power P.L.C.(4828974)........................ 12,708 990,403 Paddy Power P.L.C.(0258810)........................ 175,221 13,666,597 Smurfit Kappa Group P.L.C.......................... 564,905 13,888,358 ------------ TOTAL IRELAND.......................................... 72,794,194 ------------ ISRAEL -- (2.2%) #* Africa Israel Investments, Ltd..................... 624,375 552,194 Africa Israel Properties, Ltd...................... 70,117 873,131 Africa Israel Residences, Ltd...................... 594 8,262 * Airport City, Ltd.................................. 160,481 1,323,185 #* AL-ROV Israel, Ltd................................. 18,725 506,663 Albaad Massuot Yitzhak, Ltd........................ 370 5,120 * Allot Communications, Ltd.......................... 99,628 905,826 #* Alon Blue Square Israel, Ltd....................... 76,012 191,112 #* Alrov Properties and Lodgings, Ltd................. 12,098 222,021 Amot Investments, Ltd.............................. 400,839 1,188,761 1829 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- ISRAEL -- (Continued) Arad, Ltd.......................................... 1,053 $ 8,332 #* AudioCodes, Ltd.................................... 169,225 864,284 # Avgol Industries 1953, Ltd......................... 420,938 329,712 * Azorim-Investment Development & Construction Co., Ltd.............................................. 380,820 277,745 Bayside Land Corp.................................. 2,880 774,693 Big Shopping Centers, Ltd.......................... 9,475 377,630 * BioLine RX, Ltd.................................... 596,298 110,071 Blue Square Real Estate, Ltd....................... 5,890 175,254 * Brack Capital Properties NV........................ 1,275 70,362 #* Brainsway, Ltd..................................... 40,895 325,949 #* Cellcom Israel, Ltd................................ 248,839 1,314,105 * Ceragon Networks, Ltd.............................. 95,438 90,799 #* Clal Biotechnology Industries, Ltd................. 174,162 153,352 * Clal Insurance Enterprises Holdings, Ltd........... 91,420 1,321,486 Cohen Development & Industrial Buildings, Ltd...... 2,564 50,844 * Compugen, Ltd...................................... 173,975 1,344,188 Delek Automotive Systems, Ltd...................... 151,345 1,450,044 Delta-Galil Industries, Ltd........................ 47,407 1,360,434 Direct Insurance Financial Investments, Ltd........ 62,232 339,149 * El Al Israel Airlines.............................. 77,144 14,420 # Elbit Systems, Ltd................................. 65,175 4,007,283 Electra, Ltd....................................... 8,082 863,350 # Elron Electronic Industries, Ltd................... 62,094 266,437 * Energix-Renewable Energies, Ltd.................... 24,278 11,008 * Equital, Ltd....................................... 7,312 96,856 #* Evogene, Ltd....................................... 67,301 556,126 * EZchip Semiconductor, Ltd.......................... 140,069 2,626,988 First International Bank Of Israel, Ltd............ 98,118 1,230,932 FMS Enterprises Migun, Ltd......................... 10,227 153,526 Formula Systems 1985, Ltd.......................... 38,789 805,959 Fox Wizel, Ltd..................................... 17,805 405,111 # Frutarom Industries, Ltd........................... 174,875 5,479,641 #* Gilat Satellite Networks, Ltd...................... 25,967 118,796 Golf & Co., Ltd.................................... 74,605 197,834 #* Hadera Paper, Ltd.................................. 10,176 176,879 Harel Insurance Investments & Financial Services, Ltd.............................................. 476,409 2,120,427 # Industrial Buildings Corp., Ltd.................... 368,990 387,930 * Israel Discount Bank, Ltd. Class A................. 2,385,703 3,727,407 Israel Land Development Co., Ltd. (The)............ 22,310 74,323 Ituran Location and Control, Ltd................... 87,477 1,834,202 * Jerusalem Oil Exploration.......................... 43,411 1,285,286 #* Kamada, Ltd........................................ 123,192 499,512 Kerur Holdings, Ltd................................ 2,133 30,758 Maabarot Products, Ltd............................. 21,999 213,713 Magic Software Enterprises, Ltd.................... 87,066 488,308 Matrix IT, Ltd..................................... 182,457 830,738 Maytronics, Ltd.................................... 6,672 13,479 #* Mazor Robotics, Ltd................................ 161,210 827,195 Meitav DS Investments, Ltd......................... 38,130 100,374 Melisron, Ltd...................................... 52,829 1,538,288 Menorah Mivtachim Holdings, Ltd.................... 120,564 1,060,454 Migdal Insurance & Financial Holding, Ltd.......... 1,213,664 1,444,957 #* Mivtach Shamir Holdings, Ltd....................... 23,312 523,969 1830 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- ISRAEL -- (Continued) * Naphtha Israel Petroleum Corp., Ltd................ 163,755 $ 832,620 Neto ME Holdings, Ltd.............................. 5,411 269,983 * Nitsba Holdings 1995, Ltd.......................... 134,048 1,829,316 * Nova Measuring Instruments, Ltd.................... 114,846 1,260,759 #* Oil Refineries, Ltd................................ 4,941,609 1,437,431 Ormat Industries................................... 293,852 2,058,945 Osem Investments, Ltd.............................. 50,766 899,438 #* Partner Communications Co., Ltd.................... 392,298 1,328,575 Paz Oil Co., Ltd................................... 20,326 2,600,938 * Perion Network, Ltd................................ 16,455 52,695 # Phoenix Holdings, Ltd. (The)....................... 279,438 788,445 Plasson Industries, Ltd............................ 13,941 466,116 # Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.............................................. 33,735 1,332,164 * Sapiens International Corp. NV..................... 74,668 493,674 Shikun & Binui, Ltd................................ 960,439 1,818,952 # Shufersal, Ltd..................................... 381,641 785,627 * Space Communication, Ltd........................... 17,611 219,807 * Strauss Group, Ltd................................. 106,065 1,553,542 * Summit Real Estate Holdings, Ltd................... 10,999 37,282 #* Tower Semiconductor, Ltd........................... 161,565 2,442,275 * Union Bank of Israel............................... 130,630 424,631 ----------- TOTAL ISRAEL........................................... 73,460,389 ----------- ITALY -- (9.1%) #* A.S. Roma SpA...................................... 335,418 199,459 A2A SpA............................................ 5,746,801 5,477,266 ACEA SpA........................................... 280,731 3,155,817 #* Aeffe SpA.......................................... 173,426 364,918 # Alerion Cleanpower SpA............................. 123,193 333,089 Amplifon SpA....................................... 427,449 2,556,971 Ansaldo STS SpA.................................... 567,271 5,700,479 #* Arnoldo Mondadori Editore SpA...................... 631,293 658,153 Ascopiave SpA...................................... 363,269 781,155 # Astaldi SpA........................................ 258,925 1,645,919 Atlantia SpA....................................... -- 11 * Autogrill SpA...................................... 557,135 4,759,477 Azimut Holding SpA................................. 526,953 12,283,938 #* Banca Carige SpA................................... 14,916,408 998,808 Banca Finnat Euramerica SpA........................ 637,043 373,624 Banca Generali SpA................................. 251,146 7,015,939 Banca IFIS SpA..................................... 102,347 1,760,710 * Banca Monte dei Paschi di Siena SpA................ 3,737,938 1,689,919 * Banca Popolare dell'Emilia Romagna S.c.r.l......... 2,512,117 16,942,071 #* Banca Popolare dell'Etruria e del Lazio SC......... 1,093,905 642,541 * Banca Popolare di Milano Scarl..................... 21,850,238 17,490,516 Banca Popolare di Sondrio SCARL.................... 1,778,650 6,906,494 # Banca Profilo SpA.................................. 1,099,445 465,045 Banco di Desio e della Brianza SpA................. 232,296 599,934 * Banco Popolare SC.................................. 127,904 1,614,120 * BasicNet SpA....................................... 144,882 403,510 #* Beghelli SpA....................................... 403,187 182,426 Biesse SpA......................................... 54,004 742,083 Brembo SpA......................................... 162,145 5,714,250 1831 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) * Brioschi Sviluppo Immobiliare SpA................ 174,780 $ 19,438 # Brunello Cucinelli SpA........................... 93,624 1,925,945 # Buzzi Unicem SpA................................. 365,007 4,481,002 Cairo Communication SpA.......................... 119,785 762,565 * Caltagirone Editore SpA.......................... 6,277 6,326 #* Carraro SpA...................................... 113,633 268,395 Cembre SpA....................................... 40,330 527,933 # Cementir Holding SpA............................. 336,239 2,249,649 * CIR-Compagnie Industriali Riunite SpA............ 1,837,842 2,028,260 Credito Emiliano SpA............................. 400,180 3,113,591 #* Credito Valtellinese SC.......................... 4,865,429 5,474,776 # d'Amico International Shipping SA................ 516,137 287,303 Danieli & C Officine Meccaniche SpA.............. 62,778 1,539,228 Datalogic SpA.................................... 104,696 1,174,916 # Davide Campari-Milano SpA........................ 1,406,591 9,534,491 De'Longhi SpA.................................... 275,556 4,967,350 * DeA Capital SpA.................................. 241,155 477,875 * Delclima......................................... 238,104 526,108 DiaSorin SpA..................................... 101,747 4,062,144 * Ei Towers SpA.................................... 66,402 3,295,027 El.En. SpA....................................... 9,572 333,510 Elica SpA........................................ 4,665 9,481 Engineering SpA.................................. 22,417 1,094,017 ERG SpA.......................................... 263,391 3,136,168 Esprinet SpA..................................... 150,424 1,028,618 * Eurotech SpA..................................... 122,818 285,365 Falck Renewables SpA............................. 518,528 571,834 * Finmeccanica SpA................................. 1,840,364 20,099,658 FNM SpA.......................................... 571,781 350,579 Gas Plus SpA..................................... 14,596 58,017 #* Geox SpA......................................... 390,641 1,323,429 * Gruppo Editoriale L'Espresso SpA................. 670,242 847,546 Gruppo MutuiOnline SpA........................... 51,809 302,153 GTECH SpA........................................ 296,888 5,835,273 Hera SpA......................................... 2,996,036 7,342,637 * IMMSI SpA........................................ 743,533 534,073 Industria Macchine Automatiche SpA............... 58,626 2,584,851 * Intek Group SpA.................................. 1,654,192 629,174 Interpump Group SpA.............................. 337,555 4,811,248 Iren SpA......................................... 2,384,495 2,766,044 # Italcementi SpA.................................. 719,959 4,956,686 Italmobiliare SpA................................ 46,873 1,209,399 #* Juventus Football Club SpA....................... 1,920,486 503,199 La Doria SpA..................................... 25,763 303,805 #* Landi Renzo SpA.................................. 203,171 236,442 #* Maire Tecnimont SpA.............................. 512,867 1,128,920 MARR SpA......................................... 168,871 2,951,143 * Mediaset SpA..................................... 2,636,668 11,973,302 Nice SpA......................................... 43,840 142,328 #* Piaggio & C SpA.................................. 829,777 2,525,841 #* Prelios SpA...................................... 67,017 22,551 * Prima Industrie SpA.............................. 15,879 268,627 Prysmian SpA..................................... 1,025,221 18,965,096 1832 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ ITALY -- (Continued) #* RCS MediaGroup SpA................................. 682,572 $ 834,935 Recordati SpA...................................... 442,053 7,305,677 * Reno de Medici SpA................................. 330,009 112,520 Reply SpA.......................................... 22,728 1,758,333 #* Retelit SpA........................................ 530,560 333,367 * Richard-Ginori 1735 SpA............................ 8,489 -- Sabaf SpA.......................................... 26,559 356,351 SAES Getters SpA................................... 30,068 225,622 #* Safilo Group SpA................................... 149,871 2,137,077 * Salini Impregilo SpA............................... 874,315 3,188,617 Salvatore Ferragamo SpA............................ 200,318 5,798,929 * Saras SpA.......................................... 1,256,000 1,406,356 SAVE SpA........................................... 75,847 1,139,245 Servizi Italia SpA................................. 34,833 164,808 #* Snai SpA........................................... 117,457 185,363 Societa Cattolica di Assicurazioni S.c.r.l......... 613,038 4,728,078 Societa Iniziative Autostradali e Servizi SpA...... 303,245 3,031,871 #* Sogefi SpA......................................... 220,168 635,539 SOL SpA............................................ 166,511 1,317,318 * Sorin SpA.......................................... 1,461,272 3,391,203 Tamburi Investment Partners SpA.................... 37,478 120,549 * Telecom Italia Media SpA........................... 20,639 23,749 #* Tiscali SpA........................................ 4,911,522 299,263 # Tod's SpA.......................................... 53,929 5,541,464 # Trevi Finanziaria Industriale SpA.................. 363,552 1,100,019 # TXT e-solutions SpA................................ 17,994 166,146 * Uni Land SpA....................................... 51,835 -- Unipol Gruppo Finanziario SpA...................... 970,174 4,892,814 UnipolSai SpA...................................... 258,427 716,357 Vianini Lavori SpA................................. 175,180 1,045,796 Vittoria Assicurazioni SpA......................... 122,467 1,280,658 #* World Duty Free SpA................................ 553,509 6,097,288 #* Yoox SpA........................................... 242,205 5,240,685 Zignago Vetro SpA 147,723 903,975 ------------ TOTAL ITALY............................................ 312,791,950 ------------ NETHERLANDS -- (5.4%) Aalberts Industries NV............................. 507,343 14,611,820 Accell Group....................................... 111,594 1,702,368 * AFC Ajax NV........................................ 18,134 186,978 * AMG Advanced Metallurgical Group NV................ 160,659 1,199,595 Amsterdam Commodities NV........................... 86,709 2,067,137 #* APERAM SA.......................................... 262,538 6,815,370 Arcadis NV......................................... 306,708 9,282,609 # ASM International NV............................... 261,882 10,685,040 * Atag Group NV...................................... 4,630 -- * Ballast Nedam NV................................... 16,152 53,231 BE Semiconductor Industries NV..................... 164,367 3,336,029 Beter Bed Holding NV............................... 92,587 1,815,931 BinckBank NV....................................... 319,629 2,625,453 # Brunel International NV............................ 106,923 1,734,822 Corbion NV......................................... 259,967 4,306,531 Delta Lloyd NV..................................... 1,074,736 20,305,721 1833 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ NETHERLANDS -- (Continued) DOCdata NV......................................... 22,463 $ 511,567 Exact Holding NV................................... 73,987 2,650,980 # Fugro NV........................................... 289,955 6,287,718 #* Galapagos NV....................................... 135,272 2,766,560 #* Grontmij........................................... 363,482 1,457,325 # Heijmans NV........................................ 109,079 1,042,875 Hunter Douglas NV.................................. 8,819 355,970 KAS Bank NV........................................ 71,860 828,926 Kendrion NV........................................ 57,956 1,585,029 # Koninklijke BAM Groep NV........................... 1,376,686 4,132,015 # Koninklijke Ten Cate NV............................ 152,395 3,376,438 #* Macintosh Retail Group NV.......................... 53,398 149,497 #* Mota-Engil Africa NV............................... 28,150 196,265 Nederland Apparatenfabriek......................... 28,810 924,183 Nutreco NV......................................... 360,777 18,372,813 #* Ordina NV.......................................... 414,015 665,483 #* PostNL NV.......................................... 2,444,885 8,843,881 #* Royal Imtech NV.................................... 220,408 1,016,458 #* SBM Offshore NV.................................... 968,633 10,568,133 # Sligro Food Group NV............................... 113,196 4,318,743 #* SNS Reaal NV....................................... 705,718 -- * Telegraaf Media Groep NV........................... 175,800 1,131,844 TKH Group NV....................................... 191,623 5,958,198 TNT Express NV..................................... 2,283,752 14,936,486 #* TomTom NV.......................................... 562,433 3,695,765 USG People NV...................................... 394,977 4,551,958 Van Lanschot NV.................................... 4,807 95,108 Wessanen........................................... 445,498 2,844,703 ------------ TOTAL NETHERLANDS...................................... 183,993,556 ------------ NORWAY -- (2.4%) ABG Sundal Collier Holding ASA..................... 1,476,472 914,585 AF Gruppen ASA..................................... 4,579 50,046 # Akastor ASA........................................ 223,222 548,813 Aker ASA Class A................................... 29,672 633,758 American Shipping ASA.............................. 203,551 786,018 #* Archer, Ltd........................................ 1,385,556 549,733 Arendals Fossekompani A.S.......................... 90 21,548 # Atea ASA........................................... 316,134 3,511,521 Austevoll Seafood ASA.............................. 374,420 2,186,630 Bakkafrost P/F..................................... 171,127 3,555,217 #* Bionor Pharma ASA.................................. 671,325 201,282 #* Biotec Pharmacon ASA............................... 139,685 276,613 Bonheur ASA........................................ 68,100 632,761 BW Offshore, Ltd................................... 1,675,415 1,611,168 Deep Sea Supply P.L.C.............................. 732,320 384,934 #* Det Norske Oljeselskap ASA......................... 380,948 1,591,748 #* DNO ASA............................................ 1,170,058 2,577,958 #* DOF ASA............................................ 203,869 277,603 #* Dolphin Group A.S.................................. 952,621 333,211 Ekornes ASA........................................ 115,368 1,437,380 #* Electromagnetic GeoServices........................ 836,517 436,459 Eltek ASA.......................................... 1,292,456 1,929,271 1834 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- NORWAY -- (Continued) Evry ASA........................................... 267,383 $ 554,318 Farstad Shipping ASA............................... 65,666 310,532 # Fred Olsen Energy ASA.............................. 42,744 358,217 #* Frontline, Ltd..................................... 315,420 751,204 # Ganger Rolf ASA.................................... 58,809 531,132 # Golden Ocean Group, Ltd............................ 1,361,217 841,484 * Grieg Seafood ASA.................................. 171,048 618,731 * Havila Shipping ASA................................ 22,400 43,118 # Hexagon Composites ASA............................. 326,044 796,321 #* Hoegh LNG Holdings, Ltd............................ 189,214 1,861,029 * Kongsberg Automotive ASA........................... 2,063,320 1,622,166 Kvaerner ASA....................................... 807,447 940,185 Leroey Seafood Group ASA........................... 85,504 2,997,915 #* Nordic Semiconductor ASA........................... 580,280 4,007,434 #* Norske Skogindustrier ASA.......................... 733,931 671,850 # Northern Offshore, Ltd............................. 350,656 140,906 #* Norwegian Air Shuttle ASA.......................... 130,053 5,108,827 * Odfjell SE Class A................................. 138,810 388,698 Olav Thon Eiendomsselskap ASA...................... 128,520 2,595,094 # Opera Software ASA................................. 502,790 6,660,634 #* Panoro Energy ASA.................................. 1,223,751 213,608 # Petroleum Geo-Services ASA......................... 394,979 2,147,616 #* PhotoCure ASA...................................... 52,582 257,205 Prosafe SE......................................... 938,578 2,505,834 * Q-Free ASA......................................... 143,444 168,849 #* REC Silicon ASA.................................... 9,391,241 2,005,502 * REC Solar ASA...................................... 138,239 1,816,954 Salmar ASA......................................... 136,875 2,113,085 #* Sevan Drilling A.S................................. 71,187 6,256 # Sevan Marine ASA................................... 129,032 325,686 Siem Offshore, Inc................................. 606,183 169,476 # Solstad Offshore ASA............................... 64,644 519,438 #* Songa Offshore..................................... 1,614,994 320,463 SpareBank 1 SMN.................................... 131,684 933,308 # SpareBank 1 SR Bank ASA............................ 133,273 836,891 Stolt-Nielsen, Ltd................................. 77,887 1,229,767 * Storebrand ASA..................................... 119,145 360,173 Tomra Systems ASA.................................. 669,803 5,381,439 * TTS Group ASA...................................... 55,462 32,713 Veidekke ASA....................................... 364,395 3,766,442 Wilh Wilhelmsen ASA................................ 166,182 928,285 Wilh Wilhelmsen Holding ASA Class A................ 65,996 1,279,939 ----------- TOTAL NORWAY........................................... 83,566,981 ----------- PORTUGAL -- (1.2%) Altri SGPS SA...................................... 597,102 2,068,276 #* Banco BPI SA....................................... 2,180,035 2,045,768 #* Banco Comercial Portugues SA....................... 89,763,314 6,321,680 * Banco Espirito Santo SA............................ 4,777,921 -- Corticeira Amorim SGPS SA.......................... 207,426 777,454 EDP Renovaveis SA.................................. 345,436 2,309,079 Ibersol SGPS SA.................................... 20,401 178,179 #* Impresa SGPS SA.................................... 187,798 172,896 1835 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- PORTUGAL -- (Continued) Mota-Engil SGPS SA................................. 363,210 $ 1,110,597 NOS SGPS........................................... 1,060,020 6,729,097 Novabase SGPS SA................................... 65,729 167,110 Portucel SA........................................ 932,322 3,761,176 # Portugal Telecom SGPS SA........................... 1,886,010 1,314,516 REN--Redes Energeticas Nacionais SGPS SA........... 1,091,092 3,094,157 Semapa-Sociedade de Investimento e Gestao.......... 329,570 3,858,194 * Sonae Capital SGPS SA.............................. 58,125 18,876 #* Sonae Industria SGPS SA............................ 47,544,000 347,330 Sonae SGPS SA...................................... 4,598,268 6,020,092 Sumol + Compal SA.................................. 63,728 79,233 Teixeira Duarte SA................................. 734,737 584,588 ----------- TOTAL PORTUGAL......................................... 40,958,298 ----------- SPAIN -- (5.8%) # Abengoa SA......................................... 204,834 654,283 # Abengoa SA Class B................................. 1,852,248 5,472,600 * Acciona SA......................................... 117,842 8,423,804 # Acerinox SA........................................ 564,388 8,402,294 Adveo Group International SA....................... 56,633 830,175 * Almirall SA........................................ 284,451 4,962,122 # Atresmedia Corp de Medios de Comunicacion SA....... 312,481 4,591,398 * Azkoyen SA......................................... 64,022 152,582 Bankinter SA....................................... 640,971 4,453,192 * Baron de Ley....................................... 13,910 1,209,641 # Bolsas y Mercados Espanoles SA..................... 413,573 17,001,159 #* Caja de Ahorros del Mediterraneo................... 116,412 -- #* Cementos Portland Valderrivas SA................... 61,586 408,640 # Cie Automotive SA.................................. 169,677 2,442,538 Clinica Baviera SA................................. 3,698 30,753 # Construcciones y Auxiliar de Ferrocarriles SA...... 8,210 2,760,065 # Dinamia Capital Privado Sociedad de Capital Riesgo SA............................................... 20,438 178,546 Distribuidora Internacional de Alimentacion SA..... 479,506 3,104,384 # Duro Felguera SA................................... 414,786 1,664,808 Ebro Foods SA...................................... 378,733 6,444,380 # Elecnor SA......................................... 198,254 1,832,656 Ence Energia y Celulosa S.A........................ 992,257 2,967,548 * Ercros SA.......................................... 483,625 226,425 Faes Farma SA(B1PQHS6)............................. 1,275,395 2,597,143 * Faes Farma SA(BTGQBZ6)............................. 47,236 96,345 #* Fluidra SA......................................... 160,834 542,179 #* Fomento de Construcciones y Contratas SA........... 569,490 7,049,487 * Gamesa Corp. Tecnologica SA........................ 1,234,443 12,204,610 Grupo Catalana Occidente SA........................ 204,400 5,844,347 #* Grupo Ezentis SA................................... 834,934 641,456 Iberpapel Gestion SA............................... 26,401 389,034 # Indra Sistemas SA.................................. 503,884 5,147,505 * Inmobiliaria Colonial SA........................... 1,524,880 1,033,336 Inmobiliaria del Sur SA............................ 2,902 22,284 * Jazztel P.L.C...................................... 1,097,205 15,545,102 # Laboratorios Farmaceuticos Rovi SA................. 70,934 870,783 * Mediaset Espana Comunicacion SA.................... 858,650 10,453,329 # Melia Hotels International SA...................... 239,072 2,746,158 1836 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ SPAIN -- (Continued) # Miquel y Costas & Miquel SA........................ 37,628 $ 1,303,753 #* NH Hotel Group SA.................................. 688,168 3,397,551 # Obrascon Huarte Lain SA............................ 193,959 4,481,793 Papeles y Cartones de Europa SA.................... 241,915 1,162,827 * Pescanova SA....................................... 68,547 -- Prim SA............................................ 39,424 281,821 #* Promotora de Informaciones SA Class A.............. 5,189,633 1,376,207 Prosegur Cia de Seguridad SA....................... 1,265,214 7,036,917 #* Quabit Inmobiliaria SA............................. 1,474,470 106,349 * Realia Business SA................................. 503,895 346,978 * Sacyr SA........................................... 1,463,558 5,412,618 * Sociedad Nacional de Industrias Apicaciones Celulosa Espanola SA............................. 75,494 3,135 #* Solaria Energia y Medio Ambiente SA................ 207,171 174,818 Tecnicas Reunidas SA............................... 153,251 5,959,534 * Telecomunicaciones y Energia....................... 146,125 245,918 Tubacex SA......................................... 520,966 1,523,981 Tubos Reunidos SA.................................. 495,225 886,900 Vidrala SA......................................... 83,125 4,133,364 # Viscofan SA........................................ 231,462 13,391,832 * Vocento SA......................................... 219,517 411,248 * Zeltia SA.......................................... 991,039 3,374,554 ------------ TOTAL SPAIN............................................ 198,409,189 ------------ SWEDEN -- (9.1%) AAK AB............................................. 117,235 6,367,913 # Acando AB.......................................... 418,037 676,533 AddNode Group AB................................... 22,737 129,213 # AddTech AB Class B................................. 267,623 3,778,102 AF AB Class B...................................... 277,090 4,244,844 #* Arise AB........................................... 36,861 68,922 Atrium Ljungberg AB Class B........................ 49,355 743,747 Avanza Bank Holding AB............................. 90,353 2,980,230 Axfood AB.......................................... 94,702 5,747,535 # Axis Communications AB............................. 192,280 5,147,324 B&B Tools AB Class B............................... 118,152 2,021,287 #* BE Group AB........................................ 215,340 124,455 Beijer Alma AB..................................... 96,625 2,326,077 Beijer Electronics AB.............................. 55,826 344,200 Beijer Ref AB Class B.............................. 64,437 1,046,951 Betsson AB......................................... 152,884 5,729,248 Bilia AB Class A................................... 113,425 3,439,981 BillerudKorsnas AB................................. 689,767 10,470,294 BioGaia AB Class B................................. 63,808 1,386,405 Biotage AB......................................... 189,388 325,745 # Bjoern Borg AB..................................... 86,437 241,787 Bulten AB.......................................... 53,182 488,810 Bure Equity AB..................................... 326,825 1,530,005 Byggmax Group AB................................... 242,412 1,608,398 Castellum AB....................................... 752,681 11,835,405 Catena AB.......................................... 55,547 730,025 Cavotec SA......................................... 16,457 55,234 Clas Ohlson AB Class B............................. 180,273 2,787,377 * Cloetta AB Class B................................. 960,261 2,908,255 1837 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- SWEDEN -- (Continued) Concentric AB...................................... 202,603 $ 2,588,237 * Concordia Maritime AB Class B...................... 78,854 120,914 Corem Property Group AB Class B.................... 2,296 8,015 * CyberCom Group AB.................................. 385,158 129,033 Dios Fastigheter AB................................ 171,208 1,286,007 Doro AB............................................ 94,731 494,688 Duni AB............................................ 201,725 2,982,234 * East Capital Explorer AB........................... 47,726 263,959 # Enea AB............................................ 63,008 568,304 #* Eniro AB........................................... 447,545 275,639 Fabege AB.......................................... 619,320 8,454,064 # Fagerhult AB....................................... 54,969 909,443 * Fastighets AB Balder............................... 279,717 4,045,163 * Fenix Outdoor International AG..................... 8,476 418,767 Gunnebo AB......................................... 206,334 1,004,132 Haldex AB.......................................... 226,180 3,054,175 # Heba Fastighets AB Class B......................... 43,722 501,477 Hexpol AB.......................................... 115,947 11,632,485 HIQ International AB............................... 260,002 1,345,586 HMS Networks AB.................................... 7,040 123,582 Holmen AB Class B.................................. 273,916 9,883,162 Hufvudstaden AB Class A............................ 189,483 2,481,935 Husqvarna AB Class B............................... 352,650 2,449,214 ICA Gruppen AB..................................... 24,928 957,769 Industrial & Financial Systems Class B............. 84,451 2,600,236 Indutrade AB....................................... 89,135 3,627,954 Intrum Justitia AB................................. 377,332 10,041,411 JM AB.............................................. 372,482 12,260,535 KappAhl AB......................................... 277,470 1,397,151 #* Karolinska Development AB Class B.................. 90,079 129,250 Klovern AB Class A................................. 193,931 202,120 * Klovern AB Class B................................. 1,939,305 1,933,633 KNOW IT AB......................................... 75,523 443,918 Kungsleden AB...................................... 697,243 5,341,362 Lagercrantz AB Class B............................. 79,921 1,397,833 * Lindab International AB............................ 330,563 2,737,080 Loomis AB Class B.................................. 318,925 9,436,493 Meda AB Class A.................................... 419,255 5,904,816 #* Medivir AB Class B................................. 157,903 1,871,747 Mekonomen AB....................................... 104,697 2,459,349 Modern Times Group AB Class B...................... 248,542 7,034,186 # MQ Holding AB...................................... 109,481 475,003 # Mycronic AB........................................ 390,070 1,363,228 NCC AB Class A..................................... 17,309 560,218 NCC AB Class B..................................... 315,406 10,198,453 Nederman Holding AB................................ 3,680 69,842 Net Entertainment NE AB............................ 151,050 4,786,013 * Net Insight AB Class B............................. 1,417,192 628,511 # New Wave Group AB Class B.......................... 205,564 1,087,732 Nibe Industrier AB Class B......................... 362,119 9,198,628 Nobia AB........................................... 666,139 5,774,924 Nolato AB Class B.................................. 105,172 2,523,692 Nordnet AB Class B................................. 401,993 1,347,286 1838 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ------------ SWEDEN -- (Continued) OEM International AB Class B....................... 45,688 $ 592,807 # Oriflame Cosmetics SA.............................. 125,992 1,686,474 * PA Resources AB.................................... -- -- Peab AB............................................ 752,981 5,415,573 #* Pricer AB Class B.................................. 452,718 414,861 Proact IT Group AB................................. 41,297 418,301 # Proffice AB Class B................................ 271,921 656,902 #* Qliro Group AB..................................... 342,688 661,132 # Ratos AB Class B................................... 880,217 5,499,476 * Rezidor Hotel Group AB............................. 418,144 1,569,648 Saab AB Class B.................................... 256,897 6,253,504 Sagax AB Class B................................... 48,648 322,687 #* SAS AB............................................. 643,871 1,288,051 * Seamless Distribution AB........................... 16,641 16,470 Sectra AB Class B.................................. 38,137 574,346 Semcon AB.......................................... 85,074 534,454 SkiStar AB......................................... 111,763 1,142,144 #* SSAB AB Class A(B17H0S8)........................... 834,811 4,054,168 * SSAB AB Class A(BPRBWK4)........................... 195,426 950,385 * SSAB AB Class B(B17H3F6)........................... 352,706 1,517,911 * SSAB AB Class B(BPRBWM6)........................... 532,819 2,304,603 # Sweco AB Class B................................... 190,322 2,540,175 * Swedish Orphan Biovitrum AB........................ 489,314 5,128,911 # Swedol AB Class B.................................. 37,176 68,583 Systemair AB....................................... 37,235 454,794 # TradeDoubler AB.................................... 202,211 232,313 * Transcom Worldwide AB.............................. 32,369 221,028 # Transmode AB....................................... 76,041 657,248 Trelleborg AB Class B.............................. 39,764 719,133 Tribona AB......................................... 162,365 744,181 Unibet Group P.L.C................................. 135,490 8,068,872 VBG Group AB Class B............................... 137 2,120 Vitrolife AB....................................... 69,187 1,473,361 # Wallenstam AB Class B.............................. 399,066 6,606,708 Wihlborgs Fastigheter AB........................... 289,738 5,670,792 ------------ TOTAL SWEDEN........................................... 310,557,006 ------------ SWITZERLAND -- (11.9%) AFG Arbonia-Forster Holding AG..................... 79,104 1,419,057 Allreal Holding AG................................. 54,403 8,553,513 Alpiq Holding AG................................... 4,430 313,034 ALSO Holding AG.................................... 16,195 882,749 ams AG............................................. 347,533 13,602,907 APG SGA SA......................................... 7,838 2,534,640 Ascom Holding AG................................... 198,124 3,051,488 Autoneum Holding AG................................ 16,853 2,820,762 # Bachem Holding AG Class B.......................... 24,136 1,126,616 Bank Coop AG....................................... 31,671 1,401,007 Banque Cantonale de Geneve......................... 4,098 971,003 Banque Cantonale du Jura........................... 4,442 306,040 Banque Cantonale Vaudoise.......................... 5,750 3,354,904 Basler Kantonalbank................................ 5,246 362,786 Belimo Holding AG.................................. 2,024 4,682,071 1839 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Bell AG............................................ 368 $ 888,279 # Bellevue Group AG.................................. 31,835 521,800 # Berner Kantonalbank AG............................. 23,232 4,570,605 BKW AG............................................. 46,970 1,403,403 Bobst Group SA..................................... 46,232 1,410,270 Bossard Holding AG Class A......................... 31,498 3,261,489 Bucher Industries AG............................... 33,342 8,179,878 Burckhardt Compression Holding AG.................. 12,035 3,722,765 Burkhalter Holding AG.............................. 20,182 2,139,399 Calida Holding AG.................................. 22,223 836,762 Carlo Gavazzi Holding AG........................... 1,463 316,817 Cham Paper Holding AG.............................. 1,958 495,816 * Charles Voegele Holding AG......................... 43,316 620,495 Cicor Technologies................................. 5,936 209,326 Cie Financiere Tradition SA........................ 9,139 411,990 Clariant AG........................................ 58,314 936,888 Coltene Holding AG................................. 17,394 1,176,070 Conzzeta AG........................................ 1,513 4,907,235 Cosmo Pharmaceuticals SpA.......................... 1,287 192,989 Daetwyler Holding AG............................... 31,243 3,727,167 DKSH Holding AG.................................... 64,485 4,895,267 * Dufry AG........................................... 105,189 15,452,502 Edmond de Rothschild Suisse SA..................... 157 2,392,837 EFG International AG............................... 254,658 2,748,052 * Elma Electronic AG................................. 262 109,821 Emmi AG............................................ 13,244 4,325,044 # Energiedienst Holding AG........................... 71,249 2,168,768 Feintool International Holding AG.................. 4,847 461,166 Flughafen Zuerich AG............................... 20,516 13,967,542 Forbo Holding AG................................... 6,983 6,751,957 Galenica AG........................................ 11,348 9,118,921 GAM Holding AG..................................... 882,625 15,597,881 Gategroup Holding AG............................... 121,765 3,379,578 Georg Fischer AG................................... 20,914 12,541,512 Gurit Holding AG................................... 1,837 657,453 Helvetia Holding AG................................ 35,456 18,085,792 HOCHDORF Holding AG................................ 214 28,158 Huber & Suhner AG.................................. 63,803 2,840,304 Implenia AG........................................ 65,242 3,568,487 # Inficon Holding AG................................. 8,718 2,923,801 Interroll Holding AG............................... 2,983 1,521,623 Intershop Holdings AG.............................. 6,134 2,470,760 Jungfraubahn Holding AG............................ 3,095 267,604 Kaba Holding AG Class B............................ 15,845 7,963,766 Kardex AG.......................................... 34,022 1,627,354 Komax Holding AG................................... 17,164 2,583,937 Kudelski SA........................................ 201,663 2,309,982 Kuoni Reisen Holding AG............................ 15,564 5,224,781 LEM Holding SA..................................... 3,667 2,817,299 Liechtensteinische Landesbank AG................... 21,376 905,631 * LifeWatch AG....................................... 3,723 53,048 Logitech International SA.......................... 792,555 11,653,910 Lonza Group AG..................................... 176,015 20,846,550 1840 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- SWITZERLAND -- (Continued) Luzerner Kantonalbank AG........................... 17,399 $ 6,652,553 MCH Group AG....................................... 1,404 91,745 Metall Zug AG...................................... 767 1,872,884 #* Meyer Burger Technology AG......................... 408,473 2,533,943 Micronas Semiconductor Holding AG.................. 155,041 926,380 * Mobilezone Holding AG.............................. 142,129 1,701,717 Mobimo Holding AG.................................. 27,873 6,437,668 OC Oerlikon Corp. AG............................... 858,856 9,769,166 * Orascom Development Holding AG..................... 62,283 1,071,194 #* Orell Fuessli Holding AG........................... 5,198 478,465 Orior AG........................................... 27,860 1,623,320 Panalpina Welttransport Holding AG................. 48,271 5,910,691 * Parco Industriale e Immobiliare SA................. 600 -- Phoenix Mecano AG.................................. 3,100 1,391,676 PSP Swiss Property AG.............................. 148,327 15,310,653 Rieter Holding AG.................................. 17,965 2,605,650 Romande Energie Holding SA......................... 2,714 2,864,790 Schaffner Holding AG............................... 2,861 802,327 * Schmolz + Bickenbach AG............................ 2,540,584 2,263,867 Schweiter Technologies AG.......................... 4,466 3,425,358 Siegfried Holding AG............................... 18,452 3,074,268 St Galler Kantonalbank AG.......................... 10,381 3,942,221 Straumann Holding AG............................... 51,891 11,721,154 Sulzer AG.......................................... 68,358 7,237,760 Swiss Life Holding AG.............................. 935 208,649 Swissquote Group Holding SA........................ 47,450 1,235,046 Tamedia AG......................................... 14,891 2,040,945 Tecan Group AG..................................... 23,852 2,406,981 Temenos Group AG................................... 308,650 9,394,361 #* Tornos Holding AG.................................. 38,028 173,476 # U-Blox AG.......................................... 28,779 4,114,802 * Valartis Group AG.................................. 1,365 22,555 Valiant Holding AG................................. 68,663 5,603,195 Valora Holding AG.................................. 15,404 3,726,982 Vaudoise Assurances Holding SA Class B............. 4,663 2,194,122 Vetropack Holding AG............................... 877 1,272,859 * Von Roll Holding AG................................ 258,978 366,572 Vontobel Holding AG................................ 133,565 4,464,831 VP Bank AG......................................... 17,556 1,416,612 Walliser Kantonalbank.............................. 1,440 1,101,872 * Walter Meier AG.................................... 23,690 1,088,187 # Ypsomed Holding AG................................. 5,112 464,609 Zehnder Group AG................................... 51,922 2,263,924 * Zueblin Immobilien Holding AG...................... 261,040 323,826 Zug Estates Holding AG............................. 577 806,671 1841 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- SWITZERLAND -- (Continued) Zuger Kantonalbank AG.......................... 627 $ 3,038,972 -------------- TOTAL SWITZERLAND.................................... 409,012,607 -------------- UNITED KINGDOM -- (0.4%) TUI AG......................................... 821,299 14,442,547 -------------- TOTAL COMMON STOCKS.................................. 3,105,471,248 -------------- RIGHTS/WARRANTS -- (0.0%) AUSTRIA -- (0.0%) #* Intercell AG Rights............................ 254,689 -- -------------- FRANCE -- (0.0%) #* Euro Disney SCA................................ 68,806 166,853 #* Euro Disney SCA Rights 05/06/15................ 68,806 -- -------------- TOTAL FRANCE......................................... 166,853 -------------- SWITZERLAND -- (0.0%) * Cosmo Pharmaceuticals SpA Rights............... 1,287 -- -------------- TOTAL RIGHTS/WARRANTS................................ 166,853 -------------- SECURITIES LENDING COLLATERAL -- (9.3%) (S)@ DFA Short Term Investment Fund................. 27,646,339 319,868,142 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,955,374,849)^^............................ $3,425,506,243 ============== 1842 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Common Stocks Austria.................. $ 53,773 $ 71,622,135 -- $ 71,675,908 Belgium.................. -- 109,608,037 -- 109,608,037 Denmark.................. -- 149,752,058 -- 149,752,058 Finland.................. -- 216,017,686 -- 216,017,686 France................... 889,293 385,815,156 -- 386,704,449 Germany.................. 6,273,918 465,451,712 -- 471,725,630 Greece................... -- 763 -- 763 Ireland.................. -- 72,794,194 -- 72,794,194 Israel................... -- 73,460,389 -- 73,460,389 Italy.................... -- 312,791,950 -- 312,791,950 Netherlands.............. 196,265 183,797,291 -- 183,993,556 Norway................... 920,680 82,646,301 -- 83,566,981 Portugal................. -- 40,958,298 -- 40,958,298 Spain.................... -- 198,409,189 -- 198,409,189 Sweden................... 2,154,661 308,402,345 -- 310,557,006 Switzerland.............. 109,821 408,902,786 -- 409,012,607 United Kingdom........... -- 14,442,547 -- 14,442,547 Rights/Warrants............. Austria.................. -- -- -- -- France................... -- 166,853 -- 166,853 Switzerland.............. -- -- -- -- Securities Lending Collateral................ -- 319,868,142 -- 319,868,142 ----------- -------------- -- -------------- TOTAL....................... $10,598,411 $3,414,907,832 -- $3,425,506,243 =========== ============== == ============== 1843 THE EMERGING MARKETS SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (91.6%) BRAZIL -- (5.6%) AES Tiete SA......................................... 76,084 $ 387,250 ALL - America Latina Logistica SA.................... 508,831 733,611 AMBEV SA............................................. 855,320 5,627,688 # AMBEV SA ADR......................................... 4,741,571 31,199,537 Banco Bradesco SA.................................... 730,582 9,144,655 Banco do Brasil SA................................... 851,292 6,561,361 BB Seguridade Participacoes SA....................... 640,554 6,997,133 BM&FBovespa SA....................................... 2,571,308 8,703,912 BR Malls Participacoes SA............................ 647,523 3,686,417 # Braskem SA Sponsored ADR............................. 165,709 1,560,979 BRF SA............................................... 97,000 2,316,511 BRF SA ADR........................................... 539,479 12,796,442 CCR SA............................................... 1,120,568 6,390,769 Centrais Eletricas Brasileiras SA.................... 322,700 619,248 # Centrais Eletricas Brasileiras SA ADR................ 86,923 199,923 Centrais Eletricas Brasileiras SA Sponsored ADR...... 100,200 188,376 CETIP SA - Mercados Organizados...................... 378,600 4,866,493 Cia Brasileira de Distribuicao ADR................... 85,830 2,816,082 Cia de Saneamento Basico do Estado de Sao Paulo...... 324,000 1,614,741 Cia de Saneamento Basico do Estado de Sao Paulo ADR.. 178,668 868,326 Cia Energetica de Minas Gerais....................... 87,787 412,333 Cia Paranaense de Energia............................ 30,400 245,571 # Cia Paranaense de Energia Sponsored ADR.............. 57,783 670,283 Cia Siderurgica Nacional SA.......................... 633,652 982,388 # Cia Siderurgica Nacional SA Sponsored ADR............ 911,142 1,366,713 Cielo SA............................................. 860,850 12,824,084 * Cosan Logistica SA................................... 177,069 145,058 Cosan SA Industria e Comercio........................ 177,069 1,625,345 CPFL Energia SA...................................... 241,793 1,524,698 # CPFL Energia SA ADR.................................. 63,516 794,585 Duratex SA........................................... 569,365 1,574,230 EcoRodovias Infraestrutura e Logistica SA............ 249,477 962,267 Embraer SA........................................... 75,370 669,286 Embraer SA ADR....................................... 187,162 6,599,332 Estacio Participacoes SA............................. 332,318 2,069,360 #* Fibria Celulose SA Sponsored ADR..................... 514,098 6,236,009 Gerdau SA............................................ 148,832 412,323 Gerdau SA Sponsored ADR.............................. 411,092 1,418,267 Guararapes Confeccoes SA............................. 8,056 235,528 * Hypermarcas SA....................................... 466,924 3,175,476 Itau Unibanco Holding SA............................. 298,089 3,338,111 JBS SA............................................... 1,555,174 6,637,730 Klabin SA............................................ 996,400 5,100,985 Kroton Educacional SA................................ 1,456,499 6,705,805 Localiza Rent a Car SA............................... 244,824 3,189,022 Lojas Americanas SA.................................. 206,237 898,884 Lojas Renner SA...................................... 162,587 4,281,410 M Dias Branco SA..................................... 47,100 1,450,167 Multiplan Empreendimentos Imobiliarios SA............ 112,800 2,017,851 Natura Cosmeticos SA................................. 230,150 2,687,981 * Oi SA................................................ 109,065 219,307 1844 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ----------- ------------ BRAZIL -- (Continued) * Oi SA ADR(670851302).............................. 732 $ 1,500 #* Oi SA ADR(670851401).............................. 10,789 21,254 Petroleo Brasileiro SA............................ 598,900 1,794,901 # Petroleo Brasileiro SA ADR........................ 1,308,418 7,863,592 Porto Seguro SA................................... 235,799 2,377,442 * Qualicorp SA...................................... 387,373 3,839,972 Raia Drogasil SA.................................. 235,900 2,259,217 Souza Cruz SA..................................... 504,313 4,226,849 Tim Participacoes SA.............................. 533,613 2,346,202 Tim Participacoes SA ADR.......................... 63,679 1,405,395 Totvs SA.......................................... 128,775 1,612,720 Tractebel Energia SA.............................. 241,501 2,808,181 Transmissora Alianca de Energia Eletrica SA....... 186,134 1,365,163 Ultrapar Participacoes SA......................... 334,284 6,591,787 Ultrapar Participacoes SA Sponsored ADR........... 254,308 4,979,351 * Usinas Siderurgicas de Minas Gerais SA............ 39,100 247,901 Vale SA........................................... 252,500 1,762,849 # Vale SA Sponsored ADR............................. 1,238,400 8,705,952 WEG SA............................................ 289,825 3,458,334 ------------ TOTAL BRAZIL.......................................... 245,418,405 ------------ CHILE -- (1.4%) AES Gener SA...................................... 2,387,506 1,244,506 Aguas Andinas SA Class A.......................... 3,963,726 2,283,482 Banco de Chile.................................... 1,447,035 160,894 # Banco de Chile ADR................................ 43,885 2,884,995 Banco de Credito e Inversiones.................... 37,214 1,568,235 Banco Santander Chile ADR......................... 190,579 3,628,624 CAP SA............................................ 131,403 323,055 Cencosud SA....................................... 1,146,293 2,811,766 Cencosud SA ADR................................... 8,408 63,312 Cia Cervecerias Unidas SA......................... 45,949 421,832 # Cia Cervecerias Unidas SA ADR..................... 54,549 1,000,429 Colbun SA......................................... 7,463,424 2,045,978 Corpbanca SA...................................... 198,283,544 2,190,616 # Corpbanca SA ADR.................................. 29,066 483,077 E.CL SA........................................... 70,315 109,444 # Embotelladora Andina SA Class A ADR............... 22,244 314,753 Embotelladora Andina SA Class B ADR............... 19,587 327,887 # Empresa Nacional de Electricidad SA Sponsored ADR............................................. 121,364 5,182,243 Empresas CMPC SA.................................. 2,177,121 5,462,509 Empresas COPEC SA................................. 371,673 4,227,361 Enersis SA Sponsored ADR.......................... 508,369 7,752,627 ENTEL Chile SA.................................... 264,815 2,499,403 Inversiones Aguas Metropolitanas SA............... 466,482 721,822 #* Latam Airlines Group SA Sponsored ADR............. 429,797 4,456,995 Molibdenos y Metales SA........................... 15,408 119,540 Parque Arauco SA.................................. 207,902 369,130 SACI Falabella.................................... 883,058 5,804,981 Sigdo Koppers SA.................................. 361,767 489,949 Sociedad Quimica y Minera de Chile SA Sponsored ADR............................................. 91,271 2,177,726 1845 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHILE -- (Continued) Sonda SA......................................... 588,898 $ 1,429,422 ----------- TOTAL CHILE.......................................... 62,556,593 ----------- CHINA -- (15.0%) AAC Technologies Holdings, Inc................... 4,500 28,758 Agricultural Bank of China, Ltd. Class H......... 18,743,000 9,176,544 Air China, Ltd. Class H.......................... 1,598,000 1,526,955 #* Aluminum Corp. of China, Ltd. ADR................ 112,680 1,253,002 #* Aluminum Corp. of China, Ltd. Class H............ 1,560,000 702,314 # Angang Steel Co., Ltd. Class H................... 1,422,000 1,051,927 Anhui Conch Cement Co., Ltd. Class H............. 1,041,500 3,493,164 # Anta Sports Products, Ltd........................ 432,000 764,828 AviChina Industry & Technology Co., Ltd. Class H........................................ 28,000 18,128 Bank of China, Ltd. Class H...................... 64,409,100 35,874,073 Bank of Communications Co., Ltd. Class H......... 7,443,515 6,248,917 BBMG Corp. Class H............................... 1,155,500 1,009,732 Beijing Enterprises Holdings, Ltd................ 605,472 4,599,121 # Beijing Enterprises Water Group, Ltd............. 928,000 605,696 Belle International Holdings, Ltd................ 3,431,000 3,874,833 Brilliance China Automotive Holdings, Ltd........ 1,434,000 2,633,972 # Byd Co., Ltd. Class H............................ 319,386 1,157,901 China CITIC Bank Corp., Ltd. Class H............. 6,922,928 5,128,315 # China Coal Energy Co., Ltd. Class H.............. 4,683,777 2,592,371 China Communications Construction Co., Ltd. Class H........................................ 5,313,000 5,758,294 China Communications Services Corp., Ltd. Class H........................................ 2,892,000 1,306,022 China Construction Bank Corp. Class H............ 61,526,590 49,329,892 #* China COSCO Holdings Co., Ltd. Class H........... 2,263,000 1,115,679 #* China Eastern Airlines Corp., Ltd. ADR........... 2,200 58,080 #* China Eastern Airlines Corp., Ltd. Class H....... 1,268,000 643,075 China Everbright International, Ltd.............. 2,755,000 4,050,633 China Gas Holdings, Ltd.......................... 1,378,000 2,136,840 China Hongqiao Group, Ltd........................ 741,000 472,506 China International Marine Containers Group Co., Ltd. Class H................................... 338,700 646,920 # China Life Insurance Co., Ltd. ADR............... 321,472 18,465,352 China Longyuan Power Group Corp., Ltd. Class H... 1,931,000 2,062,612 China Mengniu Dairy Co., Ltd..................... 732,000 3,344,833 # China Merchants Bank Co., Ltd. Class H........... 3,724,554 8,322,780 China Merchants Holdings International Co., Ltd.. 1,057,501 3,872,549 China Minsheng Banking Corp., Ltd. Class H....... 5,307,000 6,435,150 China Mobile, Ltd................................ 179,500 2,343,790 China Mobile, Ltd. Sponsored ADR................. 926,803 60,538,772 # China Molybdenum Co., Ltd. Class H............... 691,322 436,499 China National Building Material Co., Ltd. Class H........................................ 4,867,916 4,692,165 China Oilfield Services, Ltd. Class H............ 1,628,000 2,686,254 China Overseas Land & Investment, Ltd............ 3,276,000 9,509,423 China Pacific Insurance Group Co., Ltd. Class H.. 1,643,000 7,895,862 China Petroleum & Chemical Corp. ADR............. 136,976 10,849,845 China Petroleum & Chemical Corp. Class H......... 6,300,800 5,001,695 China Railway Construction Corp., Ltd. Class H... 2,788,000 3,188,432 China Railway Group, Ltd. Class H................ 3,805,000 2,782,321 China Resources Cement Holdings, Ltd............. 2,207,335 1,312,767 China Resources Enterprise, Ltd.................. 1,117,000 2,451,277 China Resources Gas Group, Ltd................... 640,000 1,554,452 1846 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) China Resources Land, Ltd........................... 2,192,666 $ 5,614,999 China Resources Power Holdings Co., Ltd............. 1,250,000 3,515,940 China Shenhua Energy Co., Ltd. Class H.............. 2,682,500 7,363,552 #* China Shipping Container Lines Co., Ltd. Class H.... 3,946,000 1,243,431 # China South City Holdings, Ltd...................... 1,814,000 595,697 China Southern Airlines Co., Ltd. Class H........... 1,424,000 758,256 # China Southern Airlines Co., Ltd. Sponsored ADR..... 12,606 334,059 China State Construction International Holdings, Ltd............................................... 1,348,000 2,069,773 * China Taiping Insurance Holdings Co., Ltd........... 760,106 2,337,951 # China Telecom Corp., Ltd. ADR....................... 55,758 3,265,188 China Telecom Corp., Ltd. Class H................... 4,118,000 2,435,326 China Unicom Hong Kong, Ltd......................... 166,000 248,468 # China Unicom Hong Kong, Ltd. ADR.................... 483,030 7,221,299 Chongqing Rural Commercial Bank Co., Ltd. Class H... 2,630,000 1,613,226 # CITIC Securities Co., Ltd. Class H.................. 635,000 2,031,916 CITIC, Ltd.......................................... 1,425,000 2,449,083 CNOOC, Ltd.......................................... 3,783,000 5,029,388 # CNOOC, Ltd. ADR..................................... 127,716 17,005,385 COSCO Pacific, Ltd.................................. 2,229,502 3,243,457 Country Garden Holdings Co., Ltd.................... 7,983,686 3,181,142 CSPC Pharmaceutical Group, Ltd...................... 978,000 821,257 CSR Corp., Ltd...................................... 1,471,000 1,779,456 Datang International Power Generation Co., Ltd. Class H........................................... 2,250,000 1,230,166 # Dongfang Electric Corp., Ltd. Class H............... 264,600 579,642 Dongfeng Motor Group Co., Ltd. Class H.............. 2,302,000 3,335,138 ENN Energy Holdings, Ltd............................ 752,000 4,430,755 # Evergrande Real Estate Group, Ltd................... 10,898,000 4,509,462 # Fosun International, Ltd............................ 1,544,441 2,164,888 #* GCL-Poly Energy Holdings, Ltd....................... 5,859,814 1,279,946 # Geely Automobile Holdings, Ltd...................... 3,825,000 1,571,972 Great Wall Motor Co., Ltd. Class H.................. 932,500 5,322,603 Guangdong Investment, Ltd........................... 2,560,000 3,423,162 Guangshen Railway Co., Ltd. Sponsored ADR........... 28,517 730,606 Guangzhou Automobile Group Co., Ltd. Class H........ 1,996,259 1,820,302 # Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H...................................... 112,000 396,614 Guangzhou R&F Properties Co., Ltd................... 2,102,000 2,407,494 Haier Electronics Group Co., Ltd.................... 716,000 1,927,410 # Hanergy Thin Film Power Group, Ltd.................. 6,218,000 2,880,577 Hengan International Group Co., Ltd................. 619,500 7,353,534 Huadian Power International Corp., Ltd. Class H..... 1,394,000 1,260,790 Huaneng Power International, Inc. Class H........... 810,000 1,127,567 # Huaneng Power International, Inc. Sponsored ADR..... 34,452 1,920,699 Industrial & Commercial Bank of China, Ltd. Class H. 70,069,185 50,057,768 Jiangsu Expressway Co., Ltd. Class H................ 1,250,000 1,533,753 Jiangxi Copper Co., Ltd. Class H.................... 1,356,000 2,210,589 Kunlun Energy Co., Ltd.............................. 3,328,000 3,465,155 Lenovo Group, Ltd................................... 5,665,278 7,323,642 Longfor Properties Co., Ltd......................... 1,530,000 2,002,144 Metallurgical Corp. of China, Ltd. Class H.......... 3,003,000 922,892 New China Life Insurance Co., Ltd. Class H.......... 490,700 2,699,816 New World China Land, Ltd........................... 2,554,000 1,586,910 Nine Dragons Paper Holdings, Ltd.................... 1,643,000 1,202,694 # PetroChina Co., Ltd. ADR............................ 139,597 15,156,046 1847 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ------------ CHINA -- (Continued) PetroChina Co., Ltd. Class H........................ 1,924,000 $ 2,084,294 PICC Property & Casualty Co., Ltd. Class H.......... 2,570,132 5,012,586 Ping An Insurance Group Co. of China, Ltd. Class H.. 1,408,000 14,896,196 Shandong Weigao Group Medical Polymer Co., Ltd. Class H........................................... 988,000 773,974 # Shanghai Electric Group Co., Ltd. Class H........... 1,730,000 1,058,528 Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H........................................... 180,500 657,311 Shanghai Industrial Holdings, Ltd................... 611,274 1,805,917 Shanghai Pharmaceuticals Holding Co., Ltd. Class H.. 625,500 1,354,471 Shenzhou International Group Holdings, Ltd.......... 412,000 1,486,394 Shimao Property Holdings, Ltd....................... 1,892,371 3,981,799 Sihuan Pharmaceutical Holdings Group, Ltd........... 2,286,000 1,471,622 Sino Biopharmaceutical, Ltd......................... 2,620,000 2,617,355 Sino-Ocean Land Holdings, Ltd....................... 2,781,743 1,789,555 Sinopec Shanghai Petrochemical Co., Ltd. Class H........................................... 1,693,000 490,007 Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR............................................... 9,818 280,093 Sinopharm Group Co., Ltd. Class H................... 696,000 2,543,114 SOHO China, Ltd..................................... 2,899,263 2,024,727 # Sun Art Retail Group, Ltd........................... 1,994,000 1,800,032 Tencent Holdings, Ltd............................... 4,238,200 71,429,671 Tingyi Cayman Islands Holding Corp.................. 1,644,000 4,053,601 Tsingtao Brewery Co., Ltd. Class H.................. 186,000 1,242,395 # Uni-President China Holdings, Ltd................... 910,799 787,643 Want Want China Holdings, Ltd....................... 4,988,000 5,960,385 Weichai Power Co., Ltd. Class H..................... 487,200 1,927,416 Xinjiang Goldwind Science & Technology Co., Ltd. Class H........................................... 309,400 492,459 # Yanzhou Coal Mining Co., Ltd. Class H............... 1,172,000 938,057 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR......... 108,916 858,258 Zhejiang Expressway Co., Ltd. Class H............... 1,358,000 1,731,641 Zhuzhou CSR Times Electric Co., Ltd. Class H........ 302,000 1,684,695 # Zijin Mining Group Co., Ltd. Class H................ 4,551,000 1,409,415 # Zoomlion Heavy Industry Science and Technology Co., Ltd............................................... 1,565,200 959,686 ZTE Corp. Class H................................... 422,438 925,364 ------------ TOTAL CHINA............................................. 657,526,968 ------------ COLOMBIA -- (0.5%) Almacenes Exito SA.................................. 211,196 2,163,893 Banco de Bogota SA.................................. 29,559 752,543 Bancolombia SA...................................... 213,277 2,400,240 # Bancolombia SA Sponsored ADR........................ 89,105 4,122,888 Celsia SA ESP....................................... 6,565 13,857 Cementos Argos SA................................... 383,731 1,446,855 * Cemex Latam Holdings SA............................. 132,318 825,361 Corp. Financiera Colombiana SA(B000C92)............. 26,002 394,932 * Corp. Financiera Colombiana SA(BS7K7G3)............. 1,032 16,058 Ecopetrol SA........................................ 1,016,730 814,634 # Ecopetrol SA Sponsored ADR.......................... 220,479 3,593,808 Empresa de Energia de Bogota SA ESP................. 980,096 634,652 Grupo Argos SA...................................... 5,542 42,065 Grupo Aval Acciones y Valores....................... 743,280 381,540 Grupo de Inversiones Suramericana SA................ 87,336 1,267,088 Grupo Nutresa SA.................................... 98,326 1,027,587 Interconexion Electrica SA ESP...................... 542,799 1,668,440 1848 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ----------- COLOMBIA -- (Continued) Isagen SA ESP.................................... 1,134,000 $ 1,340,816 ----------- TOTAL COLOMBIA....................................... 22,907,257 ----------- CZECH REPUBLIC -- (0.2%) CEZ A.S.......................................... 216,285 5,062,421 Komercni Banka A.S............................... 7,480 1,522,205 O2 Czech Republic AS............................. 175,288 1,550,405 Philip Morris CR A.S............................. 542 241,522 * Unipetrol A.S.................................... 12,131 67,012 ----------- TOTAL CZECH REPUBLIC................................. 8,443,565 ----------- EGYPT -- (0.1%) Commercial International Bank Egypt S.A.E. GDR... 623,266 4,449,799 * Egyptian Financial Group-Hermes Holding Co. GDR.. 676 2,757 * Global Telecom Holding SAE GDR................... 539,778 1,557,077 ----------- TOTAL EGYPT.......................................... 6,009,633 ----------- GREECE -- (0.4%) Aegean Airlines SA............................... 38,061 294,584 * Alpha Bank AE.................................... 5,260,851 1,922,095 Athens Water Supply & Sewage Co. SA (The)........ 43,827 286,801 * Ellaktor SA...................................... 7,610 14,576 FF Group......................................... 34,149 1,020,382 Hellenic Petroleum SA............................ 117,487 499,461 * Hellenic Telecommunications Organization SA...... 340,319 2,806,371 JUMBO SA......................................... 168,373 1,599,822 Metka SA......................................... 12,293 124,757 Motor Oil Hellas Corinth Refineries SA........... 95,000 644,003 * Mytilineos Holdings SA........................... 87,326 495,539 * National Bank of Greece SA....................... 1,922,840 1,966,383 OPAP SA.......................................... 270,897 2,289,382 * Piraeus Bank SA.................................. 2,067,592 1,202,996 * Public Power Corp. SA............................ 144,358 784,859 Titan Cement Co. SA.............................. 60,549 1,351,882 ----------- TOTAL GREECE......................................... 17,303,893 ----------- HUNGARY -- (0.2%) * FHB Mortgage Bank P.L.C.......................... 4,179 10,554 * Magyar Telekom Telecommunications P.L.C.......... 661,284 857,976 MOL Hungarian Oil and Gas P.L.C.................. 48,538 1,942,601 OTP Bank P.L.C................................... 245,838 3,259,850 Richter Gedeon Nyrt.............................. 145,205 1,970,329 # Tisza Chemical Group P.L.C....................... 15,344 275,447 ----------- TOTAL HUNGARY........................................ 8,316,757 ----------- INDIA -- (9.7%) ABB India, Ltd................................... 25,941 535,668 ACC, Ltd......................................... 30,853 777,404 Adani Enterprises, Ltd........................... 250,973 2,585,925 Adani Ports & Special Economic Zone, Ltd......... 495,151 2,704,426 * Adani Power, Ltd................................. 722,177 604,112 Aditya Birla Nuvo, Ltd........................... 82,604 2,400,789 1849 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Ambuja Cements, Ltd................................ 816,554 $ 3,324,807 Apollo Hospitals Enterprise, Ltd................... 80,934 1,708,469 Asian Paints, Ltd.................................. 355,521 4,919,145 Aurobindo Pharma, Ltd.............................. 312,566 6,297,570 Axis Bank, Ltd..................................... 1,262,537 11,952,789 Bajaj Auto, Ltd.................................... 105,965 4,080,705 Bajaj Finserv, Ltd................................. 44,525 1,040,338 Bajaj Holdings & Investment, Ltd................... 49,977 1,137,975 Bank of Baroda..................................... 533,585 1,651,685 Bank of India...................................... 141,257 603,691 Bharat Electronics, Ltd............................ 17,301 928,261 Bharat Forge, Ltd.................................. 231,225 3,847,966 Bharat Heavy Electricals, Ltd...................... 948,553 4,455,333 Bharat Petroleum Corp., Ltd........................ 248,385 3,002,274 Bharti Airtel, Ltd................................. 748,242 4,510,586 Bhushan Steel, Ltd................................. 68,315 92,763 Bosch, Ltd......................................... 9,420 3,628,008 Britannia Industries, Ltd.......................... 26,712 815,852 Cadila Healthcare, Ltd............................. 67,421 1,785,562 Cairn India, Ltd................................... 781,206 2,938,713 Canara Bank........................................ 222,765 1,584,962 Cipla, Ltd......................................... 321,605 3,612,377 Colgate-Palmolive India, Ltd....................... 47,211 1,429,042 Container Corp. Of India, Ltd...................... 54,732 1,239,861 Crompton Greaves, Ltd.............................. 168,242 513,789 Cummins India, Ltd................................. 81,976 1,176,954 Dabur India, Ltd................................... 381,940 1,580,241 Divi's Laboratories, Ltd........................... 70,568 1,991,640 DLF, Ltd........................................... 659,597 1,811,025 Dr Reddy's Laboratories, Ltd....................... 53,243 2,751,092 # Dr. Reddy's Laboratories, Ltd. ADR................. 107,494 5,425,222 Eicher Motors, Ltd................................. 6,764 1,770,138 Emami, Ltd......................................... 64,485 954,055 * Essar Oil, Ltd..................................... 375,544 674,038 Exide Industries, Ltd.............................. 307,619 921,927 GAIL India, Ltd.................................... 398,117 2,721,672 GAIL India, Ltd. GDR............................... 28,791 1,179,868 GlaxoSmithKline Consumer Healthcare, Ltd........... 8,748 793,884 Glenmark Pharmaceuticals, Ltd...................... 83,982 971,387 Godrej Consumer Products, Ltd...................... 139,272 2,375,271 Godrej Industries, Ltd.(B1BFBC9)................... 48,675 242,810 * Godrej Industries, Ltd.().......................... 39 195 Grasim Industries, Ltd............................. 6,300 393,674 Havells India, Ltd................................. 278,229 1,157,487 HCL Technologies, Ltd.............................. 371,283 10,730,240 HDFC Bank, Ltd..................................... 1,530,953 26,570,027 Hero MotoCorp, Ltd................................. 83,248 3,848,563 Hindalco Industries, Ltd........................... 1,727,791 3,897,794 Hindustan Petroleum Corp., Ltd..................... 118,314 1,260,421 Hindustan Unilever, Ltd............................ 337,576 5,088,307 ICICI Bank, Ltd.................................... 1,099,920 6,382,094 ICICI Bank, Ltd. Sponsored ADR..................... 1,043,395 12,531,174 Idea Cellular, Ltd................................. 1,379,044 3,449,746 1850 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) IDFC, Ltd.......................................... 601,656 $ 1,670,699 Indian Oil Corp., Ltd.............................. 179,125 1,002,455 IndusInd Bank, Ltd................................. 233,807 3,275,327 Infosys, Ltd....................................... 493,814 16,972,913 # Infosys, Ltd. Sponsored ADR........................ 423,944 14,448,012 ING Vysya Bank, Ltd................................ 25,010 371,483 Ipca Laboratories, Ltd............................. 18,243 187,380 ITC, Ltd........................................... 2,931,615 17,396,193 * Jaiprakash Associates, Ltd......................... 1,393,318 643,954 Jindal Steel & Power, Ltd.......................... 437,143 1,124,060 JSW Energy, Ltd.................................... 493,373 969,788 JSW Steel, Ltd..................................... 232,915 3,724,578 Kotak Mahindra Bank, Ltd........................... 271,355 5,757,617 Larsen & Toubro, Ltd............................... 260,119 7,138,044 Larsen & Toubro, Ltd. GDR.......................... 172 4,719 LIC Housing Finance, Ltd........................... 53,635 413,288 Lupin, Ltd......................................... 134,973 3,442,139 Mahindra & Mahindra, Ltd........................... 623,090 12,717,250 * Mangalore Refinery & Petrochemicals, Ltd........... 32,512 31,089 * Marico Kaya Enterprises, Ltd....................... 2,327 43,317 Marico, Ltd........................................ 174,733 1,018,646 Maruti Suzuki India, Ltd........................... 82,439 4,829,719 Motherson Sumi Systems, Ltd........................ 355,054 2,583,171 Mphasis, Ltd....................................... 35,537 207,772 MRF, Ltd........................................... 105 67,766 National Aluminium Co., Ltd........................ 389,816 285,329 Nestle India, Ltd.................................. 17,067 1,960,639 NHPC, Ltd.......................................... 1,928,209 600,285 NTPC, Ltd.......................................... 1,394,345 3,224,937 Oil & Natural Gas Corp., Ltd....................... 747,341 4,234,021 Oil India, Ltd..................................... 172,339 1,478,839 Oracle Financial Services Software, Ltd............ 20,584 1,128,313 Petronet LNG, Ltd.................................. 234,560 679,581 Pidilite Industries, Ltd........................... 144,452 1,323,105 Piramal Enterprises, Ltd........................... 59,322 799,617 Power Grid Corp. of India, Ltd..................... 896,116 2,136,260 Procter & Gamble Hygiene & Health Care, Ltd........ 8,044 814,603 * Ranbaxy Laboratories, Ltd.......................... 137,683 1,570,087 * Reliance Communications, Ltd....................... 804,342 1,029,831 Reliance Industries, Ltd........................... 1,275,152 18,833,700 Reliance Infrastructure, Ltd....................... 147,484 1,207,510 * Reliance Power, Ltd................................ 807,301 848,783 Rural Electrification Corp., Ltd................... 47,495 253,895 Sesa Sterlite, Ltd................................. 1,956,160 6,352,642 Shree Cement, Ltd.................................. 10,489 1,859,814 Shriram Transport Finance Co., Ltd................. 76,457 1,409,078 Siemens, Ltd....................................... 100,767 1,715,628 State Bank of India................................ 1,507,110 7,503,778 Sun Pharmaceutical Industries, Ltd................. 808,858 11,992,985 Sun TV Network, Ltd................................ 120,543 792,344 Tata Consultancy Services, Ltd..................... 524,933 21,040,121 Tata Motors, Ltd................................... 679,237 6,419,273 Tata Motors, Ltd. Sponsored ADR.................... 80,428 3,966,709 1851 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ INDIA -- (Continued) Tata Power Co., Ltd................................ 1,494,904 $ 2,201,926 Tata Steel, Ltd.................................... 557,363 3,510,860 Tech Mahindra, Ltd................................. 163,327 7,613,210 Titan Co., Ltd..................................... 207,778 1,431,968 Torrent Pharmaceuticals, Ltd....................... 37,160 652,704 Ultratech Cement, Ltd.............................. 52,355 2,653,223 Union Bank of India................................ 151,552 509,283 United Breweries, Ltd.............................. 69,276 1,082,709 * United Spirits, Ltd................................ 1,884 104,798 UPL, Ltd........................................... 111,496 661,936 Wipro, Ltd......................................... 665,593 6,495,205 Yes Bank, Ltd...................................... 466,004 6,465,562 Zee Entertainment Enterprises, Ltd................. 426,766 2,594,944 ------------ TOTAL INDIA............................................ 424,843,207 ------------ INDONESIA -- (3.2%) Ace Hardware Indonesia Tbk PT...................... 9,457,000 551,675 Adaro Energy Tbk PT................................ 24,471,500 1,922,870 AKR Corporindo Tbk PT.............................. 2,227,200 823,106 Astra Agro Lestari Tbk PT.......................... 917,900 1,677,707 Astra International Tbk PT......................... 25,192,310 15,512,317 Bank Central Asia Tbk PT........................... 12,941,000 13,587,518 Bank Danamon Indonesia Tbk PT...................... 5,151,579 1,784,874 Bank Mandiri Persero Tbk PT........................ 10,449,217 9,001,024 Bank Negara Indonesia Persero Tbk PT............... 8,271,722 4,052,972 * Bank Pan Indonesia Tbk PT.......................... 7,175,000 599,366 Bank Rakyat Indonesia Persero Tbk PT............... 12,911,600 11,813,867 * Bank Tabungan Pensiunan Nasional Tbk PT............ 768,500 242,444 * Bayan Resources Tbk PT............................. 79,500 44,447 Bumi Serpong Damai Tbk PT.......................... 10,101,100 1,601,471 Charoen Pokphand Indonesia Tbk PT.................. 9,152,400 2,842,695 Ciputra Development Tbk PT......................... 14,931,200 1,683,614 * Garuda Indonesia Persero Tbk PT.................... 4,405,700 206,595 Global Mediacom Tbk PT............................. 13,455,400 1,962,566 Gudang Garam Tbk PT................................ 464,200 2,110,519 Holcim Indonesia Tbk PT............................ 2,848,700 440,951 Indo Tambangraya Megah Tbk PT...................... 963,400 1,269,423 Indocement Tunggal Prakarsa Tbk PT................. 1,700,800 3,065,678 Indofood CBP Sukses Makmur Tbk PT.................. 863,900 985,128 Indofood Sukses Makmur Tbk PT...................... 8,788,600 5,224,122 * Indosat Tbk PT..................................... 1,720,800 556,499 Japfa Comfeed Indonesia Tbk PT..................... 2,644,500 184,583 Jasa Marga Persero Tbk PT.......................... 2,146,600 1,214,598 Kalbe Farma Tbk PT................................. 26,275,300 3,855,146 Lippo Karawaci Tbk PT.............................. 35,537,800 3,175,949 Matahari Putra Prima Tbk PT........................ 1,815,200 543,793 Mayora Indah Tbk PT................................ 862,133 1,648,394 Media Nusantara Citra Tbk PT....................... 9,686,500 2,179,364 MNC Investama Tbk PT............................... 13,972,500 309,921 MNC Sky Vision Tbk PT.............................. 173,100 23,238 Pakuwon Jati Tbk PT................................ 36,122,900 1,416,456 * Panasia Indo Resources Tbk PT...................... 75,100 3,557 Pembangunan Perumahan Persero Tbk PT............... 2,153,300 659,636 1852 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ INDONESIA -- (Continued) Perusahaan Gas Negara Persero Tbk PT............... 11,886,300 $ 4,722,021 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT............................................... 4,579,900 662,913 Semen Indonesia Persero Tbk PT..................... 3,860,300 4,414,525 Sinar Mas Agro Resources & Technology Tbk PT....... 1,116,500 604,218 Sumber Alfaria Trijaya Tbk PT...................... 40,000 1,493 Summarecon Agung Tbk PT............................ 10,262,100 1,326,681 Surya Citra Media Tbk PT........................... 5,694,600 1,528,659 Tambang Batubara Bukit Asam Persero Tbk PT......... 1,679,000 1,500,568 Telekomunikasi Indonesia Persero Tbk PT............ 39,175,700 8,696,901 Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR.............................................. 57,049 2,515,861 Tempo Scan Pacific Tbk PT.......................... 72,500 15,168 Tower Bersama Infrastructure Tbk PT................ 2,419,800 1,811,883 * Trada Maritime Tbk PT.............................. 4,280,400 44,757 Unilever Indonesia Tbk PT.......................... 1,856,500 5,226,049 United Tractors Tbk PT............................. 3,141,896 4,421,150 Vale Indonesia Tbk PT.............................. 3,844,300 1,041,877 Waskita Karya Persero Tbk PT....................... 1,298,800 174,228 Wijaya Karya Persero Tbk PT........................ 4,286,500 1,257,598 XL Axiata Tbk PT................................... 5,762,100 2,175,839 ------------ TOTAL INDONESIA........................................ 140,920,472 ------------ MALAYSIA -- (4.0%) Aeon Co. M Bhd..................................... 782,200 642,922 # Affin Holdings Bhd................................. 1,152,700 911,174 AirAsia Bhd........................................ 2,979,300 2,297,696 Alliance Financial Group Bhd....................... 1,739,700 2,290,193 # AMMB Holdings Bhd.................................. 4,032,059 6,956,204 Astro Malaysia Holdings Bhd........................ 1,993,000 1,602,219 # Axiata Group Bhd................................... 2,921,375 5,788,850 Batu Kawan Bhd..................................... 92,000 465,500 Berjaya Land Bhd................................... 95,000 20,827 Berjaya Sports Toto Bhd............................ 872,176 814,093 # BIMB Holdings Bhd.................................. 1,029,055 1,165,192 Boustead Holdings Bhd.............................. 476,786 610,176 British American Tobacco Malaysia Bhd.............. 162,900 2,961,228 #* Bumi Armada Bhd.................................... 2,515,300 832,069 # Bursa Malaysia Bhd................................. 361,700 815,454 Cahya Mata Sarawak Bhd............................. 669,400 773,499 # CIMB Group Holdings Bhd............................ 5,461,457 8,268,443 # Dialog Group Bhd................................... 3,268,618 1,455,918 DiGi.Com Bhd....................................... 3,732,620 6,594,831 DRB-Hicom Bhd...................................... 1,371,400 673,868 Fraser & Neave Holdings Bhd........................ 90,500 461,111 # Gamuda Bhd......................................... 1,654,900 2,313,131 # Genting Bhd........................................ 1,962,900 4,770,917 # Genting Malaysia Bhd............................... 3,070,400 3,429,410 # Genting Plantations Bhd............................ 336,600 943,313 Guinness Anchor Bhd................................ 142,300 472,168 # HAP Seng Consolidated Bhd.......................... 958,100 1,163,983 Hartalega Holdings Bhd............................. 350,100 731,605 Hong Leong Bank Bhd................................ 733,560 2,829,017 # Hong Leong Financial Group Bhd..................... 474,129 2,203,814 # IJM Corp. Bhd...................................... 3,220,981 6,124,908 1853 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ MALAYSIA -- (Continued) # IJM Land Bhd...................................... 688,700 $ 676,642 # IOI Corp. Bhd..................................... 3,279,605 4,249,939 # IOI Properties Group Bhd.......................... 1,792,643 1,015,293 KPJ Healthcare Bhd................................ 9,850 10,648 # Kuala Lumpur Kepong Bhd........................... 562,800 3,511,296 Kulim Malaysia Bhd................................ 470,200 393,569 Lafarge Malaysia Bhd.............................. 615,880 1,682,032 Magnum Bhd........................................ 486,300 373,546 # Malayan Banking Bhd............................... 5,072,736 12,178,027 # Malaysia Airports Holdings Bhd.................... 906,446 1,785,577 # Maxis Bhd......................................... 2,398,100 4,682,515 MISC Bhd.......................................... 1,194,998 2,551,924 MMC Corp. Bhd..................................... 1,553,000 1,035,269 Nestle Malaysia Bhd............................... 170,400 3,355,440 * Parkson Holdings Bhd.............................. 248,115 169,398 # Petronas Chemicals Group Bhd...................... 2,951,600 4,136,581 # Petronas Dagangan Bhd............................. 306,300 1,490,328 # Petronas Gas Bhd.................................. 661,200 4,043,265 # PPB Group Bhd..................................... 759,100 3,035,750 # Public Bank Bhd................................... 2,408,814 12,032,038 QL Resources Bhd.................................. 583,800 561,274 RHB Capital Bhd................................... 1,028,051 2,310,417 # Sapurakencana Petroleum Bhd....................... 5,700,500 4,190,219 * Shell Refining Co. Federation of Malaya Bhd....... 55,900 85,038 # Sime Darby Bhd.................................... 3,096,429 8,021,068 SP Setia Bhd Group................................ 624,278 605,521 Sunway Bhd........................................ 1,689,500 1,547,548 Telekom Malaysia Bhd.............................. 1,104,461 2,124,652 Tenaga Nasional Bhd............................... 2,702,950 10,780,779 # UEM Sunrise Bhd................................... 2,610,137 910,012 UMW Holdings Bhd.................................. 1,230,666 3,696,128 United Plantations Bhd............................ 61,000 411,617 # YTL Corp. Bhd..................................... 13,143,886 6,374,984 YTL Power International Bhd....................... 1,426,947 628,601 ------------ TOTAL MALAYSIA........................................ 176,040,668 ------------ MEXICO -- (4.9%) # Alfa S.A.B. de C.V. Class A....................... 5,073,711 9,260,931 # America Movil S.A.B. de C.V. Series L............. 39,883,990 42,732,371 America Movil S.A.B. de C.V. Series L ADR......... 22,528 481,874 # Arca Continental S.A.B. de C.V.................... 758,321 4,497,464 * Cemex S.A.B. de C.V............................... 3,284,132 2,916,161 #* Cemex S.A.B. de C.V. Sponsored ADR................ 1,564,317 13,906,778 Coca-Cola Femsa S.A.B. de C.V. Series L........... 298,900 2,432,756 # Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR...... 13,987 1,137,003 # Controladora Comercial Mexicana S.A.B. de C.V..... 691,662 2,099,511 * Corp. Interamericana de Entretenimiento S.A.B. de C.V. Class B.................................... 8,726 5,778 El Puerto de Liverpool S.A.B. de C.V.............. 181,160 1,850,456 Fomento Economico Mexicano S.A.B. de C.V.......... 1,793,669 15,016,346 * Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR................................... 25,918 2,165,708 Gruma S.A.B. de C.V. Class B...................... 258,491 2,767,791 Gruma S.A.B. de C.V. Sponsored ADR................ 4,238 181,768 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR............................................. 9,283 616,484 1854 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ MEXICO -- (Continued) Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B........................................ 216,039 $ 1,428,442 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR............................................ 34,077 4,461,020 * Grupo Bimbo S.A.B. de C.V. Series A.............. 1,800,135 4,580,349 Grupo Carso S.A.B. de C.V. Series A1............. 840,555 3,702,715 # Grupo Comercial Chedraui S.A. de C.V............. 266,057 738,382 # Grupo Elektra S.A.B. de C.V...................... 24,327 901,541 Grupo Financiero Banorte S.A.B. de C.V........... 2,570,990 13,092,076 Grupo Financiero Inbursa S.A.B. de C.V........... 2,571,377 6,647,377 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B........................................ 1,977,706 4,194,354 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR.................................... 152,244 1,610,741 Grupo Mexico S.A.B. de C.V. Series B............. 4,297,411 11,330,177 * Grupo Qumma S.A. de C.V. Series B................ 1,591 -- Grupo Televisa S.A.B. Series CPO................. 2,556,698 16,671,114 Grupo Televisa S.A.B. Sponsored ADR.............. 104,814 3,417,984 #* Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V........................... 2,373,426 5,978,890 Industrias Penoles S.A.B. de C.V................. 160,658 3,202,442 # Infraestructura Energetica Nova S.A.B. de C.V.... 283,859 1,347,760 # Kimberly-Clark de Mexico S.A.B. de C.V. Class A.. 2,053,838 3,992,717 Megacable Holdings S.A.B. de C.V................. 29,691 108,072 #* Mexichem S.A.B. de C.V........................... 1,261,111 3,509,186 #* Minera Frisco S.A.B. de C.V...................... 783,633 1,034,075 * OHL Mexico S.A.B. de C.V......................... 1,084,079 2,057,577 # Organizacion Soriana S.A.B. de C.V. Class B...... 1,103,275 2,556,239 * Promotora y Operadora de Infraestructura S.A.B. de C.V......................................... 299,137 3,358,668 * Savia SA Class A................................. 120,000 -- Wal-Mart de Mexico S.A.B. de C.V. Series V....... 5,695,705 10,985,212 ------------ TOTAL MEXICO......................................... 212,976,290 ------------ PERU -- (0.3%) Cementos Pacasmayo SAA ADR....................... 6,659 56,335 # Cia de Minas Buenaventura SAA ADR................ 139,674 1,595,077 Credicorp, Ltd................................... 69,326 9,991,263 Grana y Montero SAA Sponsored ADR................ 36,887 382,887 #* Rio Alto Mining, Ltd............................. 107,990 309,932 ------------ TOTAL PERU........................................... 12,335,494 ------------ PHILIPPINES -- (1.6%) Aboitiz Equity Ventures, Inc..................... 1,872,690 2,399,069 Aboitiz Power Corp............................... 1,495,200 1,503,773 Alliance Global Group, Inc....................... 5,059,400 2,859,433 Ayala Corp....................................... 167,047 2,744,837 Ayala Land, Inc.................................. 5,722,818 4,660,815 Bank of the Philippine Islands................... 880,663 1,972,375 BDO Unibank, Inc................................. 1,765,371 4,581,743 DMCI Holdings, Inc............................... 7,257,700 2,531,623 Energy Development Corp.......................... 16,594,600 3,209,310 * Fwbc Holdings, Inc............................... 2,006,957 -- Globe Telecom, Inc............................... 39,675 1,566,034 International Container Terminal Services, Inc... 916,390 2,360,585 JG Summit Holdings, Inc.......................... 986,470 1,465,495 Jollibee Foods Corp.............................. 525,620 2,759,521 LT Group, Inc.................................... 2,006,800 619,309 1855 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- PHILIPPINES -- (Continued) Manila Electric Co................................. 197,030 $ 1,224,095 Megaworld Corp..................................... 21,354,800 2,504,554 Metro Pacific Investments Corp..................... 17,311,600 2,026,774 Metropolitan Bank & Trust Co....................... 975,409 2,101,245 Petron Corp........................................ 490,283 101,187 Philippine Long Distance Telephone Co.............. 71,760 4,828,407 Philippine Long Distance Telephone Co. Sponsored ADR.............................................. 39,867 2,659,129 * Philippine National Bank........................... 442,328 842,865 Puregold Price Club, Inc........................... 680,900 647,239 Robinsons Land Corp................................ 2,574,900 1,620,668 San Miguel Corp.................................... 658,800 1,136,041 Semirara Mining and Power Corp..................... 356,700 1,187,112 SM Investments Corp................................ 189,652 3,987,403 SM Prime Holdings, Inc............................. 6,321,610 2,657,104 * Top Frontier Investment Holdings, Inc.............. 42,789 111,432 Universal Robina Corp.............................. 948,030 4,447,759 ----------- TOTAL PHILIPPINES...................................... 67,316,936 ----------- POLAND -- (1.7%) * Alior Bank SA...................................... 53,908 1,247,119 Asseco Poland SA................................... 8,070 119,548 Bank Handlowy w Warszawie SA....................... 43,912 1,280,306 # Bank Millennium SA................................. 679,790 1,372,219 Bank Pekao SA...................................... 108,758 5,245,959 Bank Zachodni WBK SA............................... 33,452 3,112,486 CCC SA............................................. 18,965 787,128 Cyfrowy Polsat SA.................................. 155,159 996,825 Enea SA............................................ 206,610 917,974 Eurocash SA........................................ 112,176 1,113,244 #* Getin Noble Bank SA................................ 1,281,667 688,236 Grupa Azoty SA..................................... 34,130 652,669 * Grupa Lotos SA..................................... 41,464 272,653 Grupa Zywiec SA.................................... 8,202 839,116 ING Bank Slaski SA................................. 33,280 1,212,490 * Jastrzebska Spolka Weglowa SA...................... 38,639 220,727 KGHM Polska Miedz SA............................... 309,847 8,784,028 LPP SA............................................. 759 1,535,171 # mBank.............................................. 18,307 2,314,723 # Orange Polska SA................................... 927,724 2,237,981 PGE SA............................................. 1,332,800 6,983,609 Polski Koncern Naftowy Orlen SA.................... 521,500 7,694,505 Polskie Gornictwo Naftowe i Gazownictwo SA......... 1,822,035 2,150,003 Powszechna Kasa Oszczednosci Bank Polski SA........ 1,006,833 9,315,396 Powszechny Zaklad Ubezpieczen SA................... 69,701 9,479,335 Synthos SA......................................... 673,148 780,065 Tauron Polska Energia SA........................... 2,093,528 2,816,565 * TVN SA............................................. 133,899 639,384 ----------- TOTAL POLAND........................................... 74,809,464 ----------- RUSSIA -- (1.6%) Eurasia Drilling Co., Ltd. GDR..................... 115,795 2,200,105 Gazprom OAO Sponsored ADR.......................... 5,965,736 23,946,989 1856 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ----------- RUSSIA -- (Continued) Globaltrans Investment P.L.C. GDR.................. 45,663 $ 206,004 Lukoil OAO Sponsored ADR........................... 266,454 10,476,798 Magnitogorsk Iron & Steel Works OJSC GDR........... 148,750 365,802 MegaFon OAO GDR.................................... 27,790 379,524 MMC Norilsk Nickel OJSC ADR........................ 295,317 4,867,449 Novolipetsk Steel OJSC GDR......................... 92,776 1,208,949 Novorossiysk Commercial Sea Port PJSC GDR.......... 11,508 16,614 O'Key Group SA GDR................................. 28,418 95,474 Phosagro OAO GDR................................... 51,527 563,990 Rosneft OAO GDR.................................... 732,210 2,373,214 Rostelecom OJSC Sponsored ADR...................... 59,257 416,012 RusHydro JSC ADR................................... 1,421,369 1,074,555 Sberbank of Russia Sponsored ADR................... 1,429,666 5,268,901 Severstal PAO GDR.................................. 213,156 1,938,425 Tatneft OAO Sponsored ADR.......................... 266,980 6,251,801 TMK OAO GDR........................................ 29,680 75,666 Uralkali PJSC GDR.................................. 240,379 2,982,941 VimpelCom, Ltd. Sponsored ADR...................... 366,796 1,320,466 VTB Bank OJSC GDR.................................. 2,093,133 4,016,697 * X5 Retail Group NV GDR............................. 88,553 933,821 ----------- TOTAL RUSSIA........................................... 70,980,197 ----------- SOUTH AFRICA -- (8.0%) African Bank Investments, Ltd...................... 709,671 14,169 African Rainbow Minerals, Ltd...................... 180,656 1,816,751 * Anglo American Platinum, Ltd....................... 81,706 2,504,815 * AngloGold Ashanti, Ltd. Sponsored ADR.............. 745,374 9,227,730 Aspen Pharmacare Holdings, Ltd..................... 350,313 13,117,265 Assore, Ltd........................................ 42,544 584,126 AVI, Ltd........................................... 247,747 1,795,323 Barclays Africa Group, Ltd......................... 408,584 6,946,102 Barloworld, Ltd.................................... 292,175 2,204,607 Bidvest Group, Ltd. (The).......................... 472,687 13,045,492 Capitec Bank Holdings, Ltd......................... 64,210 2,105,199 # Coronation Fund Managers, Ltd...................... 289,158 2,559,072 Discovery, Ltd..................................... 569,144 5,605,683 Distell Group, Ltd................................. 35,300 435,183 # Exxaro Resources, Ltd.............................. 201,416 1,784,640 FirstRand, Ltd..................................... 3,475,911 15,469,102 Foschini Group, Ltd. (The)......................... 288,944 4,142,758 # Gold Fields, Ltd. Sponsored ADR.................... 1,416,258 8,355,922 * Impala Platinum Holdings, Ltd...................... 756,929 4,911,043 Imperial Holdings, Ltd............................. 323,216 5,693,740 Investec, Ltd...................................... 488,172 4,089,011 # Kumba Iron Ore, Ltd................................ 102,202 1,964,486 Liberty Holdings, Ltd.............................. 247,342 2,780,663 Life Healthcare Group Holdings, Ltd................ 1,183,164 4,403,079 Massmart Holdings, Ltd............................. 123,737 1,761,188 Mediclinic International, Ltd...................... 437,686 4,327,843 MMI Holdings, Ltd.................................. 2,130,015 5,724,176 Mondi, Ltd......................................... 243,323 4,372,303 Mr Price Group, Ltd................................ 307,614 6,967,437 MTN Group, Ltd..................................... 1,869,995 32,292,381 1857 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ------------ SOUTH AFRICA -- (Continued) Nampak, Ltd........................................ 930,203 $ 3,391,088 Naspers, Ltd. Class N.............................. 330,032 47,611,025 Nedbank Group, Ltd................................. 381,505 8,363,379 Netcare, Ltd....................................... 2,226,268 7,390,845 Pick n Pay Stores, Ltd............................. 279,886 1,379,552 Pioneer Foods, Ltd................................. 25,655 334,344 PSG Group, Ltd..................................... 61,341 697,898 Sanlam, Ltd........................................ 2,156,341 12,924,547 # Santam, Ltd........................................ 27,273 533,787 Sasol, Ltd......................................... 35,602 1,285,943 # Sasol, Ltd. Sponsored ADR.......................... 609,116 22,586,021 Shoprite Holdings, Ltd............................. 627,692 9,922,339 Spar Group, Ltd. (The)............................. 31,563 497,899 Standard Bank Group, Ltd........................... 1,435,343 18,954,028 # Steinhoff International Holdings, Ltd.............. 3,065,957 15,669,927 * Telkom SA SOC, Ltd................................. 276,565 1,652,735 Tiger Brands, Ltd.................................. 225,372 7,600,408 # Truworths International, Ltd....................... 700,785 4,852,909 Tsogo Sun Holdings, Ltd............................ 311,671 734,090 Vodacom Group, Ltd................................. 431,236 4,951,166 Woolworths Holdings, Ltd........................... 1,059,469 7,863,979 ------------ TOTAL SOUTH AFRICA..................................... 350,199,198 ------------ SOUTH KOREA -- (14.3%) Amorepacific Corp.................................. 2,883 6,948,057 AMOREPACIFIC Group................................. 3,010 3,430,937 BS Financial Group, Inc............................ 298,807 3,776,939 #* Celltrion, Inc..................................... 63,129 2,341,180 #* Cheil Worldwide, Inc............................... 87,060 1,568,648 CJ CheilJedang Corp................................ 14,806 4,743,725 CJ Corp............................................ 29,629 4,651,942 #* CJ Korea Express Co., Ltd.......................... 5,587 978,474 CJ O Shopping Co., Ltd............................. 821 166,152 Coway Co., Ltd..................................... 60,374 4,838,429 # Daelim Industrial Co., Ltd......................... 45,506 2,270,469 #* Daewoo Engineering & Construction Co., Ltd......... 133,508 824,546 # Daewoo International Corp.......................... 35,239 881,051 * Daewoo Securities Co., Ltd......................... 303,432 2,781,591 # Daewoo Shipbuilding & Marine Engineering Co., Ltd.. 150,399 2,651,903 Dongbu Insurance Co., Ltd.......................... 85,809 4,139,646 # Dongsuh Co., Inc................................... 4,494 95,040 # Doosan Corp........................................ 23,998 2,270,089 # Doosan Heavy Industries & Construction Co., Ltd.... 110,104 2,336,060 #* Doosan Infracore Co., Ltd.......................... 247,603 2,292,480 E-Mart Co., Ltd.................................... 26,314 4,992,834 # Grand Korea Leisure Co., Ltd....................... 34,247 1,246,259 #* GS Engineering & Construction Corp................. 71,965 1,635,759 # GS Holdings Corp................................... 82,906 3,137,467 GS retail Co., Ltd................................. 3,240 77,032 Halla Holdings Corp................................ 8,573 493,622 Halla Visteon Climate Control Corp................. 35,000 1,473,367 Hana Financial Group, Inc.......................... 435,907 12,741,881 * Hanjin Kal Corp.................................... 14,767 437,357 1858 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) Hankook Tire Co., Ltd.............................. 117,381 $ 5,644,400 # Hanssem Co., Ltd................................... 8,887 1,247,218 # Hanwha Chemical Corp............................... 152,777 1,709,349 Hanwha Corp........................................ 80,068 1,997,579 Hanwha Life Insurance Co., Ltd..................... 289,042 2,050,373 # Hite Jinro Co., Ltd................................ 22,640 476,922 # Hotel Shilla Co., Ltd.............................. 29,607 2,747,188 Hyosung Corp....................................... 58,732 3,875,681 Hyundai Department Store Co., Ltd.................. 23,205 2,515,894 Hyundai Development Co............................. 57,555 2,251,454 Hyundai Engineering & Construction Co., Ltd........ 91,424 3,618,062 # Hyundai Glovis Co., Ltd............................ 13,375 2,979,007 Hyundai Greenfood Co., Ltd......................... 1,081 17,050 # Hyundai Heavy Industries Co., Ltd.................. 65,113 6,672,251 # Hyundai Marine & Fire Insurance Co., Ltd........... 150,823 3,589,328 Hyundai Mobis Co., Ltd............................. 67,404 15,237,873 Hyundai Motor Co................................... 156,776 24,093,951 # Hyundai Steel Co................................... 122,845 7,370,260 # Hyundai Wia Corp................................... 16,091 2,244,952 Industrial Bank of Korea........................... 428,049 5,028,422 Kangwon Land, Inc.................................. 108,215 3,191,185 KB Financial Group, Inc............................ 299,306 10,054,654 * KB Financial Group, Inc. ADR....................... 97,918 3,304,733 # KCC Corp........................................... 4,725 2,377,337 # KEPCO Engineering & Construction Co., Inc.......... 8,507 329,983 KEPCO Plant Service & Engineering Co., Ltd......... 15,145 1,219,799 Kia Motors Corp.................................... 270,079 11,287,160 # Korea Aerospace Industries, Ltd.................... 34,130 1,452,410 Korea Electric Power Corp.......................... 212,510 8,308,912 * Korea Electric Power Corp. Sponsored ADR........... 41,841 808,368 * Korea Gas Corp..................................... 38,206 1,572,969 Korea Investment Holdings Co., Ltd................. 48,748 2,297,294 Korea Zinc Co., Ltd................................ 7,445 2,908,063 KT Corp............................................ 68,477 1,864,401 * KT Corp. Sponsored ADR............................. 81,594 1,096,623 KT&G Corp.......................................... 113,279 8,269,139 # Kumho Petrochemical Co., Ltd....................... 15,006 1,222,127 * Kwangju Bank....................................... 26,713 217,568 * Kyongnam Bank...................................... 40,823 404,845 LG Chem, Ltd....................................... 44,517 8,005,992 LG Corp............................................ 114,126 6,422,751 # LG Display Co., Ltd................................ 234,662 7,710,550 #* LG Display Co., Ltd. ADR........................... 553,574 8,962,363 # LG Electronics, Inc................................ 226,536 12,550,258 LG Household & Health Care, Ltd.................... 10,987 6,883,137 # LG Innotek Co., Ltd................................ 25,520 2,261,815 LG Uplus Corp...................................... 435,950 4,806,169 Lotte Chemical Corp................................ 26,759 4,222,005 # Lotte Chilsung Beverage Co., Ltd................... 395 598,543 Lotte Confectionery Co., Ltd....................... 362 616,903 Lotte Shopping Co., Ltd............................ 18,081 3,912,975 LS Corp............................................ 21,498 942,332 # Macquarie Korea Infrastructure Fund................ 441,221 2,964,703 1859 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) * Mando Corp......................................... 9,354 $ 1,410,080 Medy-Tox, Inc...................................... 1,309 439,838 Mirae Asset Securities Co., Ltd.................... 20,301 854,320 Naver Corp......................................... 31,046 20,122,879 # NCSoft Corp........................................ 14,464 2,641,367 #* OCI Co., Ltd....................................... 22,460 1,592,353 Orion Corp......................................... 3,321 3,168,994 # Paradise Co., Ltd.................................. 31,938 763,128 POSCO.............................................. 47,828 11,110,213 POSCO ADR.......................................... 67,985 3,958,767 # S-1 Corp........................................... 15,382 1,119,085 # S-Oil Corp......................................... 52,028 2,861,909 Samsung C&T Corp................................... 143,779 7,285,309 # Samsung Card Co., Ltd.............................. 23,720 824,459 # Samsung Electro-Mechanics Co., Ltd................. 99,467 6,053,668 Samsung Electronics Co., Ltd....................... 87,057 108,072,438 Samsung Electronics Co., Ltd. GDR.................. 49,372 30,395,354 #* Samsung Engineering Co., Ltd....................... 20,417 704,200 Samsung Fire & Marine Insurance Co., Ltd........... 41,845 11,267,063 # Samsung Heavy Industries Co., Ltd.................. 181,102 2,931,966 Samsung Life Insurance Co., Ltd.................... 59,292 6,090,122 Samsung SDI Co., Ltd............................... 62,545 7,298,422 Samsung Securities Co., Ltd........................ 78,841 3,401,738 Samsung Techwin Co., Ltd........................... 34,401 717,197 # Seoul Semiconductor Co., Ltd....................... 18,042 319,291 Shinhan Financial Group Co., Ltd................... 344,099 14,049,014 * Shinhan Financial Group Co., Ltd. ADR.............. 86,082 3,430,368 Shinsegae Co., Ltd................................. 8,494 1,245,524 # SK C&C Co., Ltd.................................... 19,871 4,235,463 SK Holdings Co., Ltd............................... 76,264 11,890,396 SK Hynix, Inc...................................... 645,339 27,875,764 # SK Innovation Co., Ltd............................. 97,552 8,284,057 * SK Networks Co., Ltd............................... 140,134 1,200,393 SK Telecom Co., Ltd................................ 8,917 2,336,841 * Woori Bank......................................... 416,192 3,349,021 * Woori Bank Sponsored ADR........................... 1,026 24,265 Woori Investment & Securities Co., Ltd............. 176,033 1,772,608 # Young Poong Corp................................... 326 422,464 Youngone Corp...................................... 20,576 1,055,136 Yuhan Corp......................................... 2,021 315,420 ------------ TOTAL SOUTH KOREA...................................... 625,529,110 ------------ SPAIN -- (0.1%) Banco Santander SA................................. 305,852 2,080,237 # Banco Santander SA Sponsored ADR................... 509,619 3,409,349 ------------ TOTAL SPAIN............................................ 5,489,586 ------------ TAIWAN -- (14.3%) #* Acer, Inc.......................................... 4,589,811 2,977,797 # Advanced Semiconductor Engineering, Inc............ 6,951,929 8,729,669 Advanced Semiconductor Engineering, Inc. ADR....... 77,739 513,855 # Advantech Co., Ltd................................. 321,254 2,398,762 1860 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Airtac International Group......................... 117,000 $ 1,015,841 # Asia Cement Corp................................... 3,322,758 4,005,981 # Asustek Computer, Inc.............................. 876,180 9,157,493 # AU Optronics Corp.................................. 20,104,873 10,930,806 # AU Optronics Corp. Sponsored ADR................... 326,626 1,829,106 # Catcher Technology Co., Ltd........................ 866,429 7,576,552 # Cathay Financial Holding Co., Ltd.................. 6,968,450 9,979,036 # Cathay Real Estate Development Co., Ltd............ 839,000 446,078 # Chang Hwa Commercial Bank, Ltd..................... 7,059,963 3,983,652 # Cheng Shin Rubber Industry Co., Ltd................ 2,128,965 5,131,725 Cheng Uei Precision Industry Co., Ltd.............. 384,109 677,568 # Chicony Electronics Co., Ltd....................... 802,871 2,203,106 * China Airlines, Ltd................................ 6,872,536 3,477,463 # China Development Financial Holding Corp........... 20,735,121 6,809,171 China Life Insurance Co., Ltd...................... 4,229,176 3,544,843 China Motor Corp................................... 649,000 556,927 #* China Petrochemical Development Corp............... 1,219,613 455,827 China Steel Chemical Corp.......................... 175,000 846,173 # China Steel Corp................................... 12,348,932 10,461,901 # Chipbond Technology Corp........................... 1,413,000 2,888,227 Chroma ATE, Inc.................................... 43,000 107,175 Chunghwa Telecom Co., Ltd.......................... 1,193,000 3,605,277 # Chunghwa Telecom Co., Ltd. ADR..................... 236,502 7,104,520 # Clevo Co........................................... 625,075 945,857 # Compal Electronics, Inc............................ 8,050,541 5,870,559 CTBC Financial Holding Co., Ltd.................... 12,313,117 7,810,884 CTCI Corp.......................................... 773,000 1,221,483 # Delta Electronics, Inc............................. 1,992,366 12,169,179 E.Sun Financial Holding Co., Ltd................... 9,531,402 5,863,441 # Eclat Textile Co., Ltd............................. 201,644 2,087,485 # Epistar Corp....................................... 1,258,000 2,228,650 Eternal Materials Co., Ltd......................... 264,510 259,861 * Eva Airways Corp................................... 4,383,324 3,380,851 * Evergreen Marine Corp. Taiwan, Ltd................. 2,540,249 1,809,921 # Far Eastern Department Stores, Ltd................. 1,672,592 1,427,036 Far Eastern New Century Corp....................... 4,630,221 4,660,159 Far EasTone Telecommunications Co., Ltd............ 2,089,000 5,103,656 Farglory Land Development Co., Ltd................. 648,393 757,278 Feng TAY Enterprise Co., Ltd....................... 342,120 1,279,680 First Financial Holding Co., Ltd................... 10,854,566 6,323,411 Formosa Chemicals & Fibre Corp..................... 3,611,518 7,728,121 # Formosa International Hotels Corp.................. 52,406 529,354 Formosa Petrochemical Corp......................... 1,175,000 2,503,197 # Formosa Plastics Corp.............................. 4,659,153 11,243,633 Formosa Taffeta Co., Ltd........................... 848,000 856,297 Foxconn Technology Co., Ltd........................ 1,364,198 3,693,764 Fubon Financial Holding Co., Ltd................... 7,900,233 12,518,618 Giant Manufacturing Co., Ltd....................... 295,506 2,579,176 # Gigasolar Materials Corp........................... 22,800 346,977 # Ginko International Co., Ltd....................... 45,000 441,653 # Gourmet Master Co., Ltd............................ 51,000 277,357 # HannStar Display Corp.............................. 5,668,660 1,395,550 Highwealth Construction Corp....................... 930,300 1,885,663 1861 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Hiwin Technologies Corp............................ 203,788 $ 1,676,591 Hon Hai Precision Industry Co., Ltd................ 13,621,302 37,376,728 Hotai Motor Co., Ltd............................... 287,000 4,123,869 #* HTC Corp........................................... 1,028,235 5,097,593 Hua Nan Financial Holdings Co., Ltd................ 8,738,812 4,857,838 # Innolux Corp....................................... 21,516,241 10,365,732 #* Inotera Memories, Inc.............................. 3,117,000 4,456,622 Inventec Corp...................................... 3,494,551 2,581,076 # Kenda Rubber Industrial Co., Ltd................... 823,091 1,665,406 # King Slide Works Co., Ltd.......................... 60,000 864,663 King Yuan Electronics Co., Ltd..................... 322,000 269,000 # King's Town Bank Co., Ltd.......................... 1,107,000 1,168,299 Kinsus Interconnect Technology Corp................ 552,000 1,769,048 # Largan Precision Co., Ltd.......................... 105,860 8,803,058 # LCY Chemical Corp.................................. 434,123 227,553 Lite-On Technology Corp............................ 3,777,741 4,656,144 Lung Yen Life Service Corp......................... 132,000 352,550 # Makalot Industrial Co., Ltd........................ 75,000 419,711 # MediaTek, Inc...................................... 1,280,995 19,477,835 Mega Financial Holding Co., Ltd.................... 9,922,904 7,571,604 # Merida Industry Co., Ltd........................... 234,287 1,618,313 Micro-Star International Co., Ltd.................. 588,000 655,016 Nan Kang Rubber Tire Co., Ltd...................... 534,780 560,975 Nan Ya Plastics Corp............................... 4,175,599 8,389,766 #* Nan Ya Printed Circuit Board Corp.................. 288,000 404,644 # Novatek Microelectronics Corp...................... 631,000 3,470,821 # Pegatron Corp...................................... 4,309,345 11,458,892 Phison Electronics Corp............................ 233,000 1,651,765 Pou Chen Corp...................................... 3,837,487 5,255,429 # Powertech Technology, Inc.......................... 2,140,819 3,541,690 President Chain Store Corp......................... 696,831 5,356,744 # Quanta Computer, Inc............................... 2,622,000 6,389,790 # Radiant Opto-Electronics Corp...................... 844,170 2,670,538 # Realtek Semiconductor Corp......................... 551,950 1,673,514 # Ruentex Development Co., Ltd....................... 1,092,351 1,639,880 # Ruentex Industries, Ltd............................ 1,008,182 2,185,573 #* Sanyang Motor Co., Ltd............................. 776,000 677,302 # ScinoPharm Taiwan, Ltd............................. 255,257 427,861 Shin Kong Financial Holding Co., Ltd............... 14,247,661 3,971,810 # Siliconware Precision Industries Co., Ltd.......... 3,536,324 5,963,058 # Siliconware Precision Industries Co., Ltd. Sponsored ADR.................................... 67,173 575,001 Simplo Technology Co., Ltd......................... 473,000 2,321,057 SinoPac Financial Holdings Co., Ltd................ 14,213,553 5,784,464 # St Shine Optical Co., Ltd.......................... 52,000 817,718 Standard Foods Corp................................ 334,394 718,785 Synnex Technology International Corp............... 1,555,756 2,236,299 # Tainan Spinning Co., Ltd........................... 317,240 171,550 # Taishin Financial Holding Co., Ltd................. 20,123,197 8,250,769 * Taiwan Business Bank............................... 6,023,145 1,748,340 Taiwan Cement Corp................................. 5,432,720 7,334,787 Taiwan Cooperative Financial Holding Co., Ltd...... 8,665,789 4,469,322 # Taiwan FamilyMart Co., Ltd......................... 41,000 249,541 # Taiwan Fertilizer Co., Ltd......................... 1,199,000 2,088,944 1862 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ TAIWAN -- (Continued) # Taiwan Glass Industry Corp......................... 1,325,253 $ 963,158 Taiwan Mobile Co., Ltd............................. 1,801,300 5,939,608 # Taiwan Secom Co., Ltd.............................. 259,670 675,073 # Taiwan Semiconductor Manufacturing Co., Ltd........ 25,188,808 110,771,023 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR.................................... 303,433 6,890,963 # Teco Electric and Machinery Co., Ltd............... 2,671,000 2,493,410 # Ton Yi Industrial Corp............................. 1,254,000 806,044 # TPK Holding Co., Ltd............................... 441,000 2,857,038 Transcend Information, Inc......................... 258,181 822,693 Tripod Technology Corp............................. 633,870 1,372,452 TSRC Corp.......................................... 682,965 812,344 U-Ming Marine Transport Corp....................... 559,860 865,183 Uni-President Enterprises Corp..................... 5,786,725 9,220,707 # Unimicron Technology Corp.......................... 2,304,896 1,578,474 # United Microelectronics Corp....................... 23,169,000 11,219,420 Vanguard International Semiconductor Corp.......... 1,372,000 2,323,942 #* Walsin Lihwa Corp.................................. 4,905,000 1,514,031 Wan Hai Lines, Ltd................................. 1,352,800 1,434,747 #* Winbond Electronics Corp........................... 6,597,000 2,068,471 * Wintek Corp........................................ 604,760 35,119 Wistron Corp....................................... 4,848,420 4,420,254 # WPG Holdings, Ltd.................................. 2,225,869 2,763,614 # Yageo Corp......................................... 819,278 1,467,268 * Yang Ming Marine Transport Corp.................... 2,102,300 1,132,073 Yuanta Financial Holding Co., Ltd.................. 12,817,966 6,149,129 # Yulon Motor Co., Ltd............................... 1,264,000 1,845,908 # Yungtay Engineering Co., Ltd....................... 122,000 282,043 # Zhen Ding Technology Holding, Ltd.................. 494,700 1,386,643 ------------ TOTAL TAIWAN........................................... 627,234,992 ------------ THAILAND -- (2.7%) Advanced Info Service PCL.......................... 1,280,500 9,585,166 Airports of Thailand PCL........................... 467,100 4,623,905 Bangchak Petroleum PCL (The)....................... 790,300 827,002 Bangkok Bank PCL(6077019).......................... 271,700 1,593,840 Bangkok Bank PCL(6368360).......................... 348,400 2,027,809 Bangkok Dusit Medical Services PCL................. 5,300,000 3,011,916 Bangkok Life Assurance PCL......................... 566,500 900,030 Bangkokland PCL.................................... 2,999,000 161,266 Banpu PCL.......................................... 1,800,100 1,336,463 BEC World PCL...................................... 810,000 1,274,519 Berli Jucker PCL................................... 882,600 1,085,385 Big C Supercenter PCL(6763932)..................... 24,600 181,137 Big C Supercenter PCL(6368434)..................... 333,200 2,453,443 Bumrungrad Hospital PCL............................ 313,600 1,494,702 Central Pattana PCL................................ 1,466,600 2,005,205 Central Plaza Hotel PCL............................ 825,700 857,739 CH Karnchang PCL................................... 366,000 327,085 Charoen Pokphand Foods PCL......................... 2,881,300 2,222,818 CP ALL PCL......................................... 3,429,100 4,347,927 Delta Electronics Thailand PCL..................... 564,200 1,279,922 Electricity Generating PCL......................... 270,400 1,346,630 Energy Absolute PCL................................ 665,100 508,020 1863 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ THAILAND -- (Continued) Glow Energy PCL.................................... 445,700 $ 1,242,595 Home Product Center PCL............................ 4,530,431 1,128,109 Indorama Ventures PCL.............................. 1,887,300 1,257,047 Intouch Holdings PCL............................... 732,700 1,807,685 IRPC PCL........................................... 13,263,500 1,385,920 Jasmine International PCL.......................... 5,107,000 1,295,084 Kasikornbank PCL(6364766).......................... 52,000 352,704 Kasikornbank PCL(6888794).......................... 1,146,600 7,847,186 Krung Thai Bank PCL................................ 4,049,787 2,808,743 Land & Houses PCL(6581930)......................... 790,000 225,680 Land & Houses PCL(6581941)......................... 2,381,640 669,450 Minor International PCL............................ 1,542,100 1,707,948 Pruksa Real Estate PCL............................. 1,624,300 1,600,479 PTT Exploration & Production PCL(B1359J0).......... 1,502,655 5,004,259 PTT Exploration & Production PCL(B1359L2).......... 65,409 217,830 PTT Global Chemical PCL............................ 2,056,972 3,550,838 PTT PCL............................................ 1,294,700 13,686,715 Ratchaburi Electricity Generating Holding PCL(6362771)..................................... 81,700 149,771 Ratchaburi Electricity Generating Holding PCL(6294249)..................................... 603,000 1,105,408 Robinson Department Store PCL...................... 428,200 585,455 Siam Cement PCL (The)(6609906)..................... 166,400 2,531,842 Siam Cement PCL (The)(6609928)..................... 126,100 1,910,956 Siam City Cement PCL............................... 146,013 1,909,366 Siam Commercial Bank PCL (The)..................... 1,203,066 6,597,933 Siam Global House PCL.............................. 1,033,316 372,537 Supalai PCL........................................ 577,900 430,821 Thai Oil PCL....................................... 1,156,900 1,811,522 Thai Union Frozen Products PCL..................... 2,303,440 1,534,219 Thaicom PCL........................................ 386,700 460,779 Thanachart Capital PCL............................. 282,200 286,683 TMB Bank PCL....................................... 17,270,700 1,635,783 Total Access Communication PCL(B1YWK08)............ 940,900 2,702,249 Total Access Communication PCL(B231MK7)............ 214,100 614,892 * True Corp. PCL..................................... 9,031,193 3,752,650 TTW PCL............................................ 1,299,500 488,355 ------------ TOTAL THAILAND......................................... 118,121,422 ------------ TURKEY -- (1.8%) Akbank TAS......................................... 1,920,824 6,997,664 Akcansa Cimento A.S................................ 26,424 186,365 * Anadolu Efes Biracilik Ve Malt Sanayii A.S......... 182,234 1,598,909 # Arcelik A.S........................................ 401,933 2,554,413 # Aselsan Elektronik Sanayi Ve Ticaret A.S........... 114,602 555,973 BIM Birlesik Magazalar A.S......................... 266,547 5,378,963 Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S.... 29,778 131,653 Coca-Cola Icecek A.S............................... 87,295 1,760,205 Enka Insaat ve Sanayi A.S.......................... 350,744 708,609 Eregli Demir ve Celik Fabrikalari TAS.............. 2,552,986 4,576,823 Ford Otomotiv Sanayi A.S........................... 97,226 1,348,393 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A..................................... 163,549 158,566 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B..................................... 85,031 95,937 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D..................................... 1,229,168 1,005,526 KOC Holding A.S.................................... 612,841 3,177,742 1864 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- -------------- TURKEY -- (Continued) # Koza Altin Isletmeleri A.S........................ 85,671 $ 677,590 #* Migros Ticaret A.S................................ 33,309 311,414 # Petkim Petrokimya Holding A.S..................... 342,895 534,583 TAV Havalimanlari Holding A.S..................... 207,173 1,545,348 Tofas Turk Otomobil Fabrikasi A.S................. 171,952 1,144,657 Tupras Turkiye Petrol Rafinerileri A.S............ 80,671 1,748,444 * Turk Hava Yollari................................. 1,104,888 4,216,704 Turk Telekomunikasyon A.S......................... 601,705 1,800,206 # Turk Traktor ve Ziraat Makineleri A.S............. 16,448 543,307 #* Turkcell Iletisim Hizmetleri A.S.................. 744,933 4,288,467 #* Turkcell Iletisim Hizmetleri A.S. ADR............. 73,838 1,066,221 Turkiye Garanti Bankasi A.S....................... 2,416,220 10,159,691 Turkiye Halk Bankasi A.S.......................... 731,737 4,698,565 Turkiye Is Bankasi................................ 1,624,924 4,710,282 Turkiye Sinai Kalkinma Bankasi A.S................ 34,301 28,497 Turkiye Sise ve Cam Fabrikalari A.S............... 1,402,325 2,189,005 Turkiye Vakiflar Bankasi Tao...................... 1,226,406 2,849,157 Ulker Biskuvi Sanayi A.S.......................... 185,271 1,465,645 Yapi ve Kredi Bankasi A.S......................... 961,492 1,987,660 -------------- TOTAL TURKEY.......................................... 76,201,184 -------------- TOTAL COMMON STOCKS................................... 4,011,481,291 -------------- PREFERRED STOCKS -- (3.1%) BRAZIL -- (3.0%) AES Tiete SA...................................... 135,998 840,086 Banco Bradesco SA................................. 2,276,095 28,690,852 Braskem SA Class A................................ 73,800 342,543 Centrais Eletricas Brasileiras SA Class B......... 255,800 586,945 Cia Brasileira de Distribuicao.................... 145,209 4,842,341 Cia de Gas de Sao Paulo COMGAS Class A............ 22,527 376,085 Cia de Transmissao de Energia Eletrica Paulista... 62,158 908,173 Cia Energetica de Minas Gerais.................... 1,162,024 5,159,533 Cia Energetica de Sao Paulo Class B............... 292,210 2,558,610 Cia Paranaense de Energia......................... 96,800 1,121,603 Empresa Nacional de Comercio Redito e Participacoes SA................................ 380 3,817 Gerdau SA......................................... 836,068 2,844,671 Itau Unibanco Holding SA.......................... 3,144,864 38,594,012 Itau Unibanco Holding SA ADR...................... 128,657 1,559,319 Lojas Americanas SA............................... 650,083 3,766,701 * Oi SA............................................. 383,892 708,034 Petroleo Brasileiro SA............................ 935,300 2,846,825 Petroleo Brasileiro SA Sponsored ADR.............. 1,791,306 11,016,532 Suzano Papel e Celulose SA Class A................ 550,771 2,240,373 Telefonica Brasil SA.............................. 296,274 5,477,227 * Usinas Siderurgicas de Minas Gerais SA Class A.... 609,817 761,348 Vale SA........................................... 1,744,491 10,814,871 1865 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- -------------- BRAZIL -- (Continued) # Vale SA Sponsored ADR....................... 483,572 $ 3,027,161 -------------- TOTAL BRAZIL...................................... 129,087,662 -------------- CHILE -- (0.0%) Embotelladora Andina SA Class B............. 9,255 26,052 -------------- COLOMBIA -- (0.1%) Banco Davivienda SA......................... 128,737 1,351,738 Bancolombia SA.............................. 30,330 358,988 Grupo Aval Acciones y Valores............... 2,202,589 1,159,970 Grupo de Inversiones Suramericana SA........ 88,842 1,267,091 -------------- TOTAL COLOMBIA.................................... 4,137,787 -------------- TOTAL PREFERRED STOCKS............................ 133,251,501 -------------- SECURITIES LENDING COLLATERAL -- (5.3%) (S)@ DFA Short Term Investment Fund.............. 20,224,861 234,001,641 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,361,376,561)^^......................... $4,378,734,433 ============== 1866 THE EMERGING MARKETS SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Brazil................... $ 90,674,286 $ 154,744,119 -- $ 245,418,405 Chile.................... 28,272,668 34,283,925 -- 62,556,593 China.................... 137,936,684 519,590,284 -- 657,526,968 Colombia................. 22,891,199 16,058 -- 22,907,257 Czech Republic........... -- 8,443,565 -- 8,443,565 Egypt.................... -- 6,009,633 -- 6,009,633 Greece................... -- 17,303,893 -- 17,303,893 Hungary.................. -- 8,316,757 -- 8,316,757 India.................... 36,371,117 388,472,090 -- 424,843,207 Indonesia................ 2,519,418 138,401,054 -- 140,920,472 Malaysia................. -- 176,040,668 -- 176,040,668 Mexico................... 212,976,290 -- -- 212,976,290 Peru..................... 12,335,494 -- -- 12,335,494 Philippines.............. 2,659,129 64,657,807 -- 67,316,936 Poland................... -- 74,809,464 -- 74,809,464 Russia................... 4,595,126 66,385,071 -- 70,980,197 South Africa............. 40,169,673 310,029,525 -- 350,199,198 South Korea.............. 24,934,508 600,594,602 -- 625,529,110 Spain.................... 5,489,586 -- -- 5,489,586 Taiwan................... 16,913,445 610,321,547 -- 627,234,992 Thailand................. 118,121,422 -- -- 118,121,422 Turkey................... 1,066,221 75,134,963 -- 76,201,184 Preferred Stocks Brazil................... 16,364,360 112,723,302 -- 129,087,662 Chile.................... -- 26,052 -- 26,052 Colombia................. 4,137,787 -- -- 4,137,787 Securities Lending Collateral................ -- 234,001,641 -- 234,001,641 ------------ -------------- -- -------------- TOTAL....................... $778,428,413 $3,600,306,020 -- $4,378,734,433 ============ ============== == ============== 1867 THE EMERGING MARKETS SMALL CAP SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (87.3%) ARGENTINA -- (0.0%) * Ferrum SA de Ceramica y Metalurgia................. 1 $ 1 ----------- BRAZIL -- (5.2%) * Abril Educacao SA.................................. 769,344 2,779,901 AES Tiete SA....................................... 331,347 1,686,481 Aliansce Shopping Centers SA....................... 873,364 5,223,132 ALL - America Latina Logistica SA.................. 2,092,128 3,016,341 Alpargatas SA...................................... 68,203 202,080 Alupar Investimento SA............................. 324,900 2,305,607 Arezzo Industria e Comercio SA..................... 413,735 3,617,149 * B2W Cia Digital.................................... 996,222 8,509,857 * Banco ABC Brasil SA................................ 18,683 79,028 Banco Alfa de Investimento SA...................... 500 1,101 * Banco Mercantil do Brasil SA....................... 1,327 2,965 Bematech SA........................................ 450,437 1,731,863 * BHG SA - Brazil Hospitality Group.................. 185,702 1,196,463 Brasil Brokers Participacoes SA.................... 1,316,211 1,321,098 Brasil Insurance Participacoes e Administracao SA.. 572,226 429,364 BrasilAgro - Co. Brasileira de Propriedades Agricolas........................................ 48,100 151,322 * Brazil Pharma SA................................... 1,051,300 436,955 Cia de Locacao das Americas........................ 238,200 325,007 Cia de Saneamento de Minas Gerais-COPASA........... 597,421 3,777,288 Cia Hering......................................... 1,431,490 9,704,203 * Cia Providencia Industria e Comercio SA............ 99,750 302,208 Contax Participacoes SA............................ 246,335 974,708 * CR2 Empreendimentos Imobiliarios SA................ 9,400 8,986 Cyrela Brazil Realty SA Empreendimentos e Participacoes.................................... 2,078,100 8,367,848 Cyrela Commercial Properties SA Empreendimentos e Participacoes.................................... 46,800 189,539 Dimed SA Distribuidora da Medicamentos............. 700 53,475 Direcional Engenharia SA........................... 810,509 1,963,406 Duratex SA......................................... 2,091,200 5,781,932 EcoRodovias Infraestrutura e Logistica SA.......... 1,562,100 6,025,234 EDP - Energias do Brasil SA........................ 3,333,695 10,716,776 Equatorial Energia SA.............................. 1,890,462 17,550,173 Estacio Participacoes SA........................... 929,404 5,787,443 Eternit SA......................................... 1,254,378 1,446,981 Even Construtora e Incorporadora SA................ 2,474,467 4,007,039 Ez Tec Empreendimentos e Participacoes SA.......... 519,358 3,178,931 * Fertilizantes Heringer SA.......................... 176,800 250,383 Fleury SA.......................................... 686,851 3,539,755 Fras-Le SA......................................... 37,875 53,900 Gafisa SA.......................................... 2,762,200 1,942,359 # Gafisa SA ADR...................................... 1,246,302 1,782,212 * General Shopping Brasil SA......................... 126,117 279,530 # Gol Linhas Aereas Inteligentes SA ADR.............. 195,800 881,100 Grendene SA........................................ 832,434 4,305,606 Guararapes Confeccoes SA........................... 64,100 1,874,047 Helbor Empreendimentos SA.......................... 1,228,893 1,784,280 * IdeiasNet SA....................................... 463,300 254,557 Iguatemi Empresa de Shopping Centers SA............ 667,200 6,039,197 * Industria de Bebidas Antarctica Polar SA........... 23,000 -- Industrias Romi SA................................. 168,200 126,419 1868 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- BRAZIL -- (Continued) International Meal Co. Holdings SA............... 492,394 $ 1,410,037 Iochpe-Maxion SA................................. 701,308 2,916,262 JHSF Participacoes SA............................ 825,347 661,122 Joao Fortes Engenharia SA........................ 66,552 124,014 JSL SA........................................... 640,300 2,579,480 Kepler Weber SA.................................. 131,446 1,867,352 Kroton Educacional SA............................ 583,140 2,684,810 Light SA......................................... 1,194,407 6,311,083 Linx SA.......................................... 49,100 861,430 Localiza Rent a Car SA........................... 142,052 1,850,337 * Log-in Logistica Intermodal SA................... 470,450 604,182 LPS Brasil Consultoria de Imoveis SA............. 609,479 1,295,730 Magnesita Refratarios SA......................... 1,325,571 925,811 Mahle-Metal Leve SA Industria e Comercio......... 399,800 2,976,944 Marcopolo SA..................................... 28,000 27,884 * Marfrig Global Foods SA.......................... 2,904,059 5,444,917 Marisa Lojas SA.................................. 485,864 2,648,344 Mills Estruturas e Servicos de Engenharia SA..... 710,926 1,511,565 * Minerva SA....................................... 1,357,569 4,378,440 MRV Engenharia e Participacoes SA................ 3,451,664 8,930,543 Multiplus SA..................................... 469,584 6,072,934 Odontoprev SA.................................... 3,083,796 11,865,863 * Paranapanema SA.................................. 1,474,156 1,075,294 * PDG Realty SA Empreendimentos e Participacoes.... 11,912,853 2,317,986 Portobello SA.................................... 244,400 364,415 Positivo Informatica SA.......................... 3,200 2,384 Profarma Distribuidora de Produtos Farmaceuticos SA............................................. 157,763 406,603 QGEP Participacoes SA............................ 801,694 1,702,473 * Qualicorp SA..................................... 505,400 5,009,957 Raia Drogasil SA................................. 1,124,075 10,765,277 Redentor Energia SA.............................. 7,800 11,210 Restoque Comercio e Confeccoes de Roupas SA...... 848,808 2,350,846 Rodobens Negocios Imobiliarios SA................ 168,138 622,214 * Rossi Residencial SA............................. 646,746 510,383 Santos Brasil Participacoes SA................... 426,488 2,188,071 Sao Carlos Empreendimentos e Participacoes SA.... 47,859 538,196 Sao Martinho SA.................................. 473,662 6,025,138 SLC Agricola SA.................................. 553,618 2,955,199 Smiles SA........................................ 335,300 5,278,368 Sonae Sierra Brasil SA........................... 253,046 1,476,532 * Springs Global Participacoes SA.................. 229,688 76,185 Sul America SA................................... 1,801,909 7,684,096 * T4F Entretenimento SA............................ 213,800 191,914 Technos SA....................................... 203,400 504,852 Tecnisa SA....................................... 1,078,756 1,260,182 Tegma Gestao Logistica........................... 257,235 1,331,216 Tempo Participacoes SA........................... 299,602 382,352 Tereos Internacional SA.......................... 635,183 243,823 Totvs SA......................................... 1,153,600 14,447,162 * TPI - Triunfo Participacoes e Investimentos SA... 334,301 613,974 Transmissora Alianca de Energia Eletrica SA...... 563,700 4,134,345 Trisul SA........................................ 37,542 38,896 UNICASA Industria de Moveis SA................... 110,500 86,970 1869 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ------------ BRAZIL -- (Continued) Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.................... 567,350 $ 8,118,261 * Vanguarda Agro SA.................................. 1,753,336 634,758 * Via Varejo SA...................................... 205,862 495,619 ------------ TOTAL BRAZIL........................................... 287,759,464 ------------ CHILE -- (1.1%) Banmedica SA....................................... 1,697,057 2,950,907 Besalco SA......................................... 2,277,748 1,124,560 Bupa Chile SA...................................... 794,071 631,041 CAP SA............................................. 98,858 243,043 Cementos BIO BIO SA................................ 452,622 361,671 * Cia Pesquera Camanchaca SA......................... 194,645 9,964 * Cia Sud Americana de Vapores SA.................... 65,095,514 2,188,680 Cintac SA.......................................... 324,650 51,249 * Clinica LAS Condes SA.............................. 349 21,050 Cristalerias de Chile SA........................... 156,836 1,064,524 E.CL SA............................................ 4,332,381 6,743,263 Empresa Electrica Pilmaiquen SA.................... 46,897 214,894 * Empresas AquaChile SA.............................. 1,281,212 827,239 Empresas Hites SA.................................. 1,245,628 408,793 Empresas Iansa SA.................................. 23,220,040 616,719 * Empresas La Polar SA............................... 5,705,798 207,692 Enjoy SA........................................... 1,299,391 116,864 Forus SA........................................... 757,778 2,749,175 Gasco SA........................................... 224,390 1,910,266 Grupo Security SA.................................. 1,921,812 588,415 Inversiones Aguas Metropolitanas SA................ 3,525,589 5,455,403 Inversiones La Construccion SA..................... 150,027 1,796,271 * Latam Airlines Group SA............................ 134,619 1,390,214 Masisa SA.......................................... 14,224,085 394,773 Molibdenos y Metales SA............................ 5,009 38,861 * Multiexport Foods SA............................... 3,502,735 702,559 Parque Arauco SA................................... 5,929,777 10,528,308 PAZ Corp. SA....................................... 1,320,749 729,443 Ripley Corp. SA.................................... 6,413,974 2,640,085 Salfacorp SA....................................... 2,363,922 1,573,927 Sigdo Koppers SA................................... 735,025 995,460 Sociedad Matriz SAAM SA............................ 31,605,884 2,243,399 Socovesa SA........................................ 2,895,998 576,756 * Tech Pack SA....................................... 272,888 114,247 Vina Concha y Toro SA.............................. 4,608,688 8,378,650 Vina Concha y Toro SA Sponsored ADR................ 2,025 73,913 Vina San Pedro Tarapaca SA......................... 30,612,987 236,477 ------------ TOTAL CHILE............................................ 60,898,755 ------------ CHINA -- (12.9%) # 361 Degrees International, Ltd..................... 3,581,000 1,024,386 * Active Group Holdings, Ltd......................... 1,322,000 156,166 # Agile Property Holdings, Ltd....................... 9,275,500 5,626,297 Ajisen China Holdings, Ltd......................... 2,961,000 1,715,099 * Alibaba Health Information Technology, Ltd......... 4,049,200 2,650,921 * Alibaba Pictures Group, Ltd........................ 10,260,000 2,023,314 1870 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- CHINA -- (Continued) AMVIG Holdings, Ltd............................... 2,228,000 $1,088,718 Angang Steel Co., Ltd. Class H.................... 2,364,000 1,748,774 # Anhui Expressway Co., Ltd. Class H................ 2,746,000 1,989,613 # Anta Sports Products, Ltd......................... 2,562,000 4,535,858 # Anton Oilfield Services Group..................... 6,166,000 1,194,384 Anxin-China Holdings, Ltd......................... 14,967,000 1,021,692 Asia Cement China Holdings Corp................... 2,639,000 1,353,696 #* Asian Citrus Holdings, Ltd........................ 3,627,000 388,439 Ausnutria Dairy Corp., Ltd........................ 365,000 127,414 * AVIC International Holdings, Ltd.................. 1,606,000 1,121,699 AviChina Industry & Technology Co., Ltd. Class H.. 10,706,788 6,931,787 # Baoxin Auto Group, Ltd............................ 3,042,000 1,753,109 Baoye Group Co., Ltd. Class H..................... 1,860,000 1,077,950 Beijing Capital International Airport Co., Ltd. Class H......................................... 9,730,000 9,219,801 Beijing Capital Land, Ltd. Class H................ 6,196,500 2,856,701 # Beijing Jingneng Clean Energy Co., Ltd. Class H... 6,150,000 2,459,270 Beijing North Star Co., Ltd. Class H.............. 5,028,000 1,584,855 #* Beijing Properties Holdings, Ltd.................. 1,580,000 120,178 Billion Industrial Holdings, Ltd.................. 26,000 12,305 # Biostime International Holdings, Ltd.............. 913,000 2,481,910 # Bloomage Biotechnology Corp., Ltd................. 927,500 1,535,017 # Boer Power Holdings, Ltd.......................... 1,689,000 1,840,051 # Bosideng International Holdings, Ltd.............. 15,182,000 1,949,868 BYD Electronic International Co., Ltd............. 4,058,815 4,255,672 C C Land Holdings, Ltd............................ 8,048,343 1,386,103 C.banner International Holdings, Ltd.............. 62,000 18,160 Carrianna Group Holdings Co., Ltd................. 2,127,257 254,733 CECEP COSTIN New Materials Group, Ltd............. 1,576,000 660,816 Central China Real Estate, Ltd.................... 3,972,626 991,442 # Changshouhua Food Co., Ltd........................ 1,751,000 1,203,340 #* Chaoda Modern Agriculture Holdings, Ltd........... 6,771,138 473,980 # Chaowei Power Holdings, Ltd....................... 3,086,000 1,289,217 * Chigo Holding, Ltd................................ 24,026,000 516,381 # China Aerospace International Holdings, Ltd....... 13,748,500 1,730,706 China Agri-Industries Holdings, Ltd............... 11,847,800 4,800,730 # China All Access Holdings, Ltd.................... 3,184,000 1,066,828 China Animal Healthcare, Ltd...................... 3,671,000 2,474,053 China Aoyuan Property Group, Ltd.................. 6,676,000 1,074,554 * China Automation Group, Ltd....................... 3,303,000 382,867 China BlueChemical, Ltd........................... 10,006,000 3,478,406 * China Chengtong Development Group, Ltd............ 2,808,000 167,250 China Child Care Corp., Ltd....................... 3,156,000 500,816 China Communications Services Corp., Ltd. Class H......................................... 12,808,000 5,784,072 * China Culiangwang Beverages Holdings, Ltd......... 829,500 46,821 # China Datang Corp. Renewable Power Co., Ltd. Class H......................................... 14,482,000 2,085,197 # China Dongxiang Group Co., Ltd.................... 13,246,985 2,234,809 #* China Dredging Environment Protection Holdings, Ltd............................................. 3,088,000 542,309 * China Energine International Holdings, Ltd........ 2,306,000 248,602 China Everbright, Ltd............................. 3,554,000 7,667,511 # China Fiber Optic Network System Group, Ltd....... 5,540,000 1,348,625 * China Fire Safety Enterprise Group, Ltd........... 1,875,000 144,894 #* China Foods, Ltd.................................. 4,416,000 1,456,485 China Glass Holdings, Ltd......................... 4,522,000 581,294 1871 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- CHINA -- (Continued) * China High Precision Automation Group, Ltd......... 1,289,000 $ 38,035 * China High Speed Transmission Equipment Group Co., Ltd.............................................. 5,770,000 4,073,827 # China Hongqiao Group, Ltd.......................... 3,378,000 2,154,017 * China Household Holdings, Ltd...................... 7,490,000 512,067 #* China Huiyuan Juice Group, Ltd..................... 3,440,000 1,120,897 # China ITS Holdings Co., Ltd........................ 4,003,412 480,035 #* China Jiuhao Health Industry Corp., Ltd............ 5,180,000 467,732 # China Lesso Group Holdings, Ltd.................... 6,105,000 2,952,209 China Lilang, Ltd.................................. 2,817,000 1,769,767 #* China Lumena New Materials Corp.................... 14,530,000 878,570 # China Machinery Engineering Corp. Class H.......... 3,624,000 3,074,981 China Medical System Holdings, Ltd................. 5,090,500 8,791,500 # China Merchants Land, Ltd.......................... 6,844,000 970,548 #* China Metal Recycling Holdings, Ltd................ 2,401,686 547,732 * China Mining Resources Group, Ltd.................. 414,000 3,513 #* China Modern Dairy Holdings, Ltd................... 9,767,000 3,140,690 China National Materials Co., Ltd.................. 6,843,000 1,819,408 * China New Town Development Co., Ltd................ 7,713,148 431,484 # China Oceanwide Holdings, Ltd...................... 7,098,000 763,492 # China Oil & Gas Group, Ltd......................... 23,660,000 3,048,509 China Outfitters Holdings, Ltd..................... 24,000 2,764 # China Overseas Grand Oceans Group, Ltd............. 4,992,500 2,625,483 # China Power International Development, Ltd......... 14,210,000 8,177,667 #* China Power New Energy Development Co., Ltd........ 31,840,000 1,942,378 #* China Precious Metal Resources Holdings Co., Ltd... 21,946,318 1,926,711 * China Properties Group, Ltd........................ 2,464,000 415,821 * China Qinfa Group, Ltd............................. 2,656,000 87,946 #* China Rare Earth Holdings, Ltd..................... 7,432,000 1,229,795 #* China Rongsheng Heavy Industries Group Holdings, Ltd.............................................. 15,127,500 1,373,062 * China Ruifeng Renewable Energy, Ltd................ 468,000 65,804 # China Sanjiang Fine Chemicals Co., Ltd............. 3,157,000 936,555 #* China SCE Property Holdings, Ltd................... 6,589,200 1,268,499 # China Shanshui Cement Group, Ltd................... 10,313,000 4,595,422 China Shineway Pharmaceutical Group, Ltd........... 1,696,200 2,657,338 #* China Shipping Container Lines Co., Ltd. Class H... 4,288,000 1,351,199 #* China Shipping Development Co., Ltd. Class H....... 8,656,000 6,147,646 # China Singyes Solar Technologies Holdings, Ltd..... 2,768,200 3,868,377 # China South City Holdings, Ltd..................... 12,770,000 4,193,524 China Southern Airlines Co., Ltd. Class H.......... 22,000 11,715 China Starch Holdings, Ltd......................... 6,470,000 142,700 # China Suntien Green Energy Corp., Ltd. Class H..... 9,955,000 2,214,431 * China Taifeng Beddings Holdings, Ltd............... 1,500,000 187,004 * China Taiping Insurance Holdings Co., Ltd.......... 1,974,820 6,074,195 #* China Tian Lun Gas Holdings, Ltd................... 876,000 918,274 * China Tianyi Holdings, Ltd......................... 2,336,000 217,424 * China Tontine Wines Group, Ltd..................... 1,610,000 57,112 #* China Traditional Chinese Medicine Co., Ltd........ 2,158,000 1,405,614 China Travel International Investment Hong Kong, Ltd.............................................. 14,349,900 4,764,410 China Vanadium Titano--Magnetite Mining Co., Ltd... 6,231,000 569,451 # China Water Affairs Group, Ltd..................... 6,502,000 3,069,751 #* China Water Industry Group, Ltd.................... 2,272,000 426,463 * China WindPower Group, Ltd......................... 25,974,964 1,582,173 #* China Yurun Food Group, Ltd........................ 8,254,000 3,173,094 1872 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) China ZhengTong Auto Services Holdings, Ltd........ 4,789,000 $ 2,403,415 * China Zhongsheng Resources Holdings, Ltd........... 1,420,000 65,499 # China Zhongwang Holdings, Ltd...................... 8,740,800 3,844,760 * Chinasoft International, Ltd....................... 6,164,000 1,963,512 * Chinese People Holdings Co., Ltd................... 11,425,709 186,599 * Chongqing Iron & Steel Co., Ltd. Class H........... 2,247,400 453,030 Chongqing Machinery & Electric Co., Ltd. Class H... 6,936,000 1,068,540 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd.................................... 2,662,000 668,462 # CIMC Enric Holdings, Ltd........................... 2,868,000 2,197,462 * CITIC Dameng Holdings, Ltd......................... 1,299,000 94,994 #* CITIC Resources Holdings, Ltd...................... 13,066,600 1,714,062 Citychamp Watch & Jewellery Group, Ltd............. 11,388,000 1,394,719 Clear Media, Ltd................................... 251,000 249,201 * CNNC International, Ltd............................ 417,000 159,363 * Coastal Greenland, Ltd............................. 5,672,000 165,534 # Comba Telecom Systems Holdings, Ltd................ 5,265,234 1,269,119 #* Comtec Solar Systems Group, Ltd.................... 4,320,000 543,428 Coolpad Group, Ltd................................. 13,696,000 2,776,294 # Cosco International Holdings, Ltd.................. 2,703,000 1,107,908 COSCO Pacific, Ltd................................. 551,792 802,741 * Coslight Technology International Group Co., Ltd... 728,000 445,552 # CP Pokphand Co., Ltd............................... 25,710,594 2,914,637 CPMC Holdings, Ltd................................. 2,191,000 1,171,520 * DaChan Food Asia, Ltd.............................. 1,725,955 201,042 # Dah Chong Hong Holdings, Ltd....................... 4,452,000 2,606,998 # Dalian Port PDA Co., Ltd. Class H.................. 6,070,000 2,076,860 DaMing International Holdings, Ltd................. 666,000 190,792 # Daphne International Holdings, Ltd................. 6,410,000 2,055,430 # Dawnrays Pharmaceutical Holdings, Ltd.............. 2,630,943 1,812,035 #* DBA Telecommunication Asia Holdings, Ltd........... 2,108,000 103,601 Digital China Holdings, Ltd........................ 5,085,800 4,804,288 # Dongfang Electric Corp., Ltd. Class H.............. 183,600 402,201 # Dongjiang Environmental Co., Ltd. Class H.......... 76,150 263,876 Dongyue Group, Ltd................................. 7,163,000 2,493,512 #* Dynasty Fine Wines Group, Ltd...................... 1,614,000 56,213 Embry Holdings, Ltd................................ 473,000 244,871 EVA Precision Industrial Holdings, Ltd............. 5,958,435 1,416,687 * EverChina International Holdings Co., Ltd.......... 17,180,000 660,640 Evergreen International Holdings, Ltd.............. 1,246,000 134,442 * Extrawell Pharmaceutical Holdings, Ltd............. 977,921 40,933 # Fantasia Holdings Group Co., Ltd................... 11,352,000 1,125,368 # First Tractor Co., Ltd. Class H.................... 3,351,176 2,458,640 Franshion Properties China, Ltd.................... 22,672,300 6,656,589 Freetech Road Recycling Technology Holdings, Ltd... 1,737,000 238,686 # Fufeng Group, Ltd.................................. 6,004,600 3,033,477 * GCL-Poly Energy Holdings, Ltd...................... 5,697,000 1,244,383 # Geely Automobile Holdings, Ltd..................... 26,870,000 11,042,848 * Global Bio-Chem Technology Group Co., Ltd.......... 9,996,800 289,222 * Global Sweeteners Holdings, Ltd.................... 770,951 40,051 * Glorious Property Holdings, Ltd.................... 14,915,501 1,710,198 Goldbond Group Holdings, Ltd....................... 210,000 8,128 # Golden Eagle Retail Group, Ltd..................... 3,089,000 3,682,320 # Golden Meditech Holdings, Ltd...................... 4,855,193 680,209 1873 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) #* Goldin Properties Holdings, Ltd.................. 882,000 $ 503,494 Goldlion Holdings, Ltd........................... 1,104,962 474,472 GOME Electrical Appliances Holding, Ltd.......... 53,317,000 7,407,826 Good Friend International Holdings, Inc.......... 404,667 114,926 # Goodbaby International Holdings, Ltd............. 3,586,000 1,129,319 # Greatview Aseptic Packaging Co., Ltd............. 3,949,000 1,805,210 # Greenland Hong Kong Holdings, Ltd................ 2,101,000 819,284 # Greentown China Holdings, Ltd.................... 4,381,648 3,889,669 #* Guangdong Land Holdings, Ltd..................... 4,396,800 1,129,410 Guangshen Railway Co., Ltd. Class H.............. 7,452,000 3,853,890 Guangshen Railway Co., Ltd. Sponsored ADR........ 5,067 129,817 Guangzhou R&F Properties Co., Ltd................ 1,181,600 1,353,327 # Guodian Technology & Environment Group Corp., Ltd. Class H................................... 4,176,000 520,290 Hainan Meilan International Airport Co., Ltd. Class H........................................ 720,000 584,470 Haitian International Holdings, Ltd.............. 2,687,000 5,223,353 # Hanergy Thin Film Power Group, Ltd............... 42,960,000 19,901,830 Harbin Electric Co., Ltd. Class H................ 4,287,413 3,065,840 Henderson Investment, Ltd........................ 596,000 52,147 * Heng Tai Consumables Group, Ltd.................. 13,916,453 156,769 # Hengdeli Holdings, Ltd........................... 12,969,399 2,415,951 #* Hidili Industry International Development, Ltd... 5,079,000 438,947 # Hilong Holding, Ltd.............................. 3,965,000 1,224,094 * Hisense Kelon Electrical Holdings Co., Ltd. Class H........................................ 2,030,000 1,646,627 * HKC Holdings, Ltd................................ 19,289,447 632,466 # Honghua Group, Ltd............................... 8,912,000 1,091,208 Hopefluent Group Holdings, Ltd................... 787,670 239,300 # Hopewell Highway Infrastructure, Ltd............. 4,662,000 2,253,290 #* Hopson Development Holdings, Ltd................. 3,760,000 3,333,501 # HOSA International, Ltd.......................... 1,648,000 675,392 Hua Han Bio-Pharmaceutical Holdings, Ltd......... 12,185,132 2,917,643 * Hua Lien International Holding Co., Ltd.......... 998,000 41,661 Huabao International Holdings, Ltd............... 10,105,014 7,962,538 Huaneng Renewables Corp., Ltd. Class H........... 15,688,000 5,584,159 #* Hunan Nonferrous Metal Corp., Ltd. Class H....... 10,634,000 5,504,556 Inspur International, Ltd........................ 2,056,000 437,348 Intime Retail Group Co., Ltd..................... 6,140,500 3,776,648 * Jinchuan Group International Resources Co., Ltd.. 2,262,000 133,338 Jingwei Textile Machinery Class H................ 1,272,000 1,568,636 # Ju Teng International Holdings, Ltd.............. 4,826,000 2,544,821 Jutal Offshore Oil Services, Ltd................. 728,000 106,148 * Kai Yuan Holdings, Ltd........................... 15,260,000 157,086 # Kaisa Group Holdings, Ltd........................ 9,828,000 2,028,404 Kasen International Holdings, Ltd................ 222,000 27,264 Kingboard Chemical Holdings, Ltd................. 3,762,921 6,076,176 Kingboard Laminates Holdings, Ltd................ 5,419,000 2,295,555 #* Kingdee International Software Group Co., Ltd.... 9,027,200 2,918,526 # Kingsoft Corp., Ltd.............................. 2,179,000 5,192,696 KWG Property Holding, Ltd........................ 10,280,950 6,632,061 * Labixiaoxin Snacks Group, Ltd.................... 2,222,000 231,396 Lai Fung Holdings, Ltd........................... 26,531,614 521,532 # Le Saunda Holdings, Ltd.......................... 1,778,000 655,043 Lee & Man Chemical Co., Ltd...................... 998,785 522,045 Lee & Man Paper Manufacturing, Ltd............... 8,268,000 4,341,032 1874 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ---------- CHINA -- (Continued) * Leoch International Technology, Ltd............... 1,436,000 $ 201,599 * Li Ning Co., Ltd.................................. 182,395 79,820 #* Lianhua Supermarket Holdings Co., Ltd. Class H.... 2,144,600 1,036,692 #* Lifetech Scientific Corp.......................... 4,496,000 855,871 Lijun International Pharmaceutical Holding Co., Ltd............................................. 9,408,000 4,394,212 * Lingbao Gold Co., Ltd. Class H.................... 682,000 120,586 Livzon Pharmaceutical Group, Inc. Class H......... 154,300 857,989 * LK Technology Holdings, Ltd....................... 837,500 59,705 Lonking Holdings, Ltd............................. 12,626,000 2,388,372 * Loudong General Nice Resources China Holdings, Ltd............................................. 7,842,140 618,128 * Maanshan Iron & Steel Co., Ltd. Class H........... 9,564,000 2,598,071 Maoye International Holdings, Ltd................. 6,490,000 969,614 #* Microport Scientific Corp......................... 2,233,000 976,303 # MIE Holdings Corp................................. 5,568,000 631,538 MIN XIN Holdings, Ltd............................. 490,000 364,029 #* Mingfa Group International Co., Ltd............... 6,516,000 2,131,800 * Mingyuan Medicare Development Co., Ltd............ 6,950,000 185,415 Minmetals Land, Ltd............................... 6,738,000 771,779 # Minth Group, Ltd.................................. 3,199,000 6,659,414 # MMG, Ltd.......................................... 8,022,000 2,295,838 MOBI Development Co., Ltd......................... 1,466,000 303,535 * Nan Hai Corp., Ltd................................ 29,650,000 159,649 Nature Home Holding Co., Ltd...................... 520,000 84,482 # NetDragon Websoft, Inc............................ 979,544 1,715,515 New World Department Store China, Ltd............. 2,581,462 712,356 # Nine Dragons Paper Holdings, Ltd.................. 9,746,000 7,134,177 #* North Mining Shares Co., Ltd...................... 19,560,000 840,144 # NVC Lighting Holdings, Ltd........................ 7,010,000 1,200,389 * O-Net Communications Group, Ltd................... 1,308,000 276,274 Overseas Chinese Town Asia Holdings, Ltd.......... 1,230,183 713,062 # Pacific Online, Ltd............................... 2,040,365 747,266 # Parkson Retail Group, Ltd......................... 6,696,500 1,593,420 * PAX Global Technology, Ltd........................ 1,141,000 1,068,352 Peak Sport Products Co., Ltd...................... 2,750,000 751,318 # Phoenix Satellite Television Holdings, Ltd........ 5,986,000 1,863,640 Poly Property Group Co., Ltd...................... 13,552,000 6,312,465 * Ports Design, Ltd................................. 2,176,000 838,844 * Pou Sheng International Holdings, Ltd............. 8,891,806 687,300 * Powerlong Real Estate Holdings, Ltd............... 6,377,000 878,915 * Prosperity International Holdings HK, Ltd......... 5,020,000 148,259 Qingling Motors Co., Ltd. Class H................. 1,694,000 567,943 * Qunxing Paper Holdings Co., Ltd................... 669,913 32,665 * Real Gold Mining, Ltd............................. 300,500 10,195 Real Nutriceutical Group, Ltd..................... 4,452,000 1,258,571 #* Renhe Commercial Holdings Co., Ltd................ 95,037,000 4,289,384 # REXLot Holdings, Ltd.............................. 52,801,502 4,123,371 # Road King Infrastructure, Ltd..................... 1,438,000 1,227,258 Samson Holding, Ltd............................... 3,499,000 455,942 #* Sany Heavy Equipment International Holdings Co., Ltd............................................. 5,389,000 1,150,954 Sateri Holdings, Ltd.............................. 328,000 39,363 Scud Group, Ltd................................... 1,876,000 225,271 * Semiconductor Manufacturing International Corp.... 113,913,000 9,873,827 * Semiconductor Manufacturing International Corp. ADR............................................. 31,979 135,271 1875 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Shandong Chenming Paper Holdings, Ltd. Class H..... 1,863,000 $ 917,760 Shanghai Industrial Holdings, Ltd.................. 2,226,000 6,576,380 #* Shanghai Industrial Urban Development Group, Ltd... 9,080,000 1,459,773 Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H..................................... 6,220,000 2,070,261 Shanghai Prime Machinery Co., Ltd. Class H......... 4,298,000 770,173 * Shanghai Zendai Property, Ltd...................... 8,390,000 198,053 Shengli Oil & Gas Pipe Holdings, Ltd............... 4,506,000 220,294 Shenguan Holdings Group, Ltd....................... 6,102,000 1,701,686 Shenzhen Expressway Co., Ltd. Class H.............. 3,662,400 2,852,421 Shenzhen International Holdings, Ltd............... 4,811,751 6,934,616 Shenzhen Investment, Ltd........................... 15,749,378 4,525,156 Shenzhou International Group Holdings, Ltd......... 644,000 2,323,393 * Shougang Concord International Enterprises Co., Ltd.............................................. 28,004,000 1,188,498 # Shougang Fushan Resources Group, Ltd............... 21,052,000 4,475,215 Shui On Land, Ltd.................................. 22,140,643 4,955,651 * Shunfeng International Clean Energy, Ltd........... 1,710,000 1,323,158 Sichuan Expressway Co., Ltd. Class H............... 4,606,000 1,955,226 * Sijia Group Co..................................... 1,076,350 35,683 Silver Grant International Industries, Ltd......... 4,750,000 698,390 * SIM Technology Group, Ltd.......................... 1,050,000 53,141 Sino Biopharmaceutical, Ltd........................ 11,656,000 11,644,235 #* Sino Oil And Gas Holdings, Ltd..................... 67,787,766 1,421,354 Sino-Ocean Land Holdings, Ltd...................... 12,169,604 7,828,966 #* Sinofert Holdings, Ltd............................. 13,377,327 2,478,879 * Sinolink Worldwide Holdings, Ltd................... 10,218,800 788,226 # SinoMedia Holding, Ltd............................. 1,983,000 957,904 # Sinopec Kantons Holdings, Ltd...................... 1,632,000 1,289,929 Sinosoft Technology Group, Ltd..................... 1,144,000 498,219 #* Sinotrans Shipping, Ltd............................ 6,209,086 1,404,368 Sinotrans, Ltd. Class H............................ 9,131,000 6,515,501 Sinotruk Hong Kong, Ltd............................ 3,272,000 1,799,499 SITC International Holdings Co., Ltd............... 4,385,000 2,413,808 Skyworth Digital Holdings, Ltd..................... 9,993,245 5,648,479 SMI Holdings Group, Ltd............................ 14,404,066 500,914 SOHO China, Ltd.................................... 512,500 357,909 * Solargiga Energy Holdings, Ltd..................... 9,199,000 325,379 * Sparkle Roll Group, Ltd............................ 6,616,000 268,437 Springland International Holdings, Ltd............. 3,824,000 1,176,824 # SPT Energy Group, Inc.............................. 4,248,000 679,134 SRE Group, Ltd..................................... 16,652,346 448,952 Sun King Power Electronics Group................... 132,000 11,202 Sunac China Holdings, Ltd.......................... 10,171,000 9,105,264 # Sunny Optical Technology Group Co., Ltd............ 3,495,000 5,292,518 TCC International Holdings, Ltd.................... 5,131,098 1,869,840 # TCL Communication Technology Holdings, Ltd......... 2,899,198 2,550,126 #* TCL Multimedia Technology Holdings, Ltd............ 3,322,510 1,451,473 #* Technovator International, Ltd..................... 28,000 11,126 # Tenfu Cayman Holdings Co., Ltd..................... 185,000 70,437 # Texhong Textile Group, Ltd......................... 1,763,500 1,328,036 Tian An China Investment Co., Ltd.................. 1,383,000 854,733 Tian Shan Development Holding, Ltd................. 1,490,000 635,609 Tiande Chemical Holdings, Ltd...................... 64,000 11,006 # Tiangong International Co., Ltd.................... 7,710,000 1,347,898 1876 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- CHINA -- (Continued) Tianjin Capital Environmental Protection Group Co., Ltd. Class H................................ 1,572,000 $1,046,396 Tianjin Development Hldgs, Ltd..................... 2,116,000 1,492,148 * Tianjin Jinran Public Utilities Co., Ltd. Class H.. 2,970,000 470,913 Tianjin Port Development Holdings, Ltd............. 10,408,800 2,103,155 # Tianneng Power International, Ltd.................. 4,228,048 1,033,020 # Tibet 5100 Water Resources Holdings, Ltd........... 6,712,000 2,269,790 Time Watch Investments, Ltd........................ 1,254,000 167,879 # Tomson Group, Ltd.................................. 1,120,751 271,709 # Tong Ren Tang Technologies Co., Ltd. Class H....... 3,268,000 4,081,133 # Tongda Group Holdings, Ltd......................... 15,180,000 2,004,515 Tonly Electronics Holdings, Ltd.................... 431,176 304,230 Top Spring International Holdings, Ltd............. 150,500 42,327 Towngas China Co., Ltd............................. 4,790,000 4,183,139 TPV Technology, Ltd................................ 4,795,964 979,463 Travelsky Technology, Ltd. Class H................. 4,569,090 4,832,648 # Trigiant Group, Ltd................................ 2,944,000 614,042 * Trony Solar Holdings Co., Ltd...................... 1,757,000 26,744 # Truly International Holdings, Ltd.................. 7,583,573 2,738,397 # Uni-President China Holdings, Ltd.................. 5,477,000 4,736,413 * United Energy Group, Ltd........................... 13,116,450 1,854,452 #* V1 Group, Ltd...................................... 17,321,600 1,331,640 #* Wanda Hotel Development Co., Ltd................... 558,000 106,437 Wanguo International Mining Group, Ltd............. 308,000 94,259 Wasion Group Holdings, Ltd......................... 2,612,000 2,447,642 Weiqiao Textile Co. Class H........................ 2,641,000 1,444,992 # Welling Holding, Ltd............................... 5,518,000 1,018,218 West China Cement, Ltd............................. 16,444,000 1,837,255 * Winsway Enterprises Holdings, Ltd.................. 6,894,000 211,662 # Wisdom Holdings Group.............................. 2,748,000 1,655,411 World Wide Touch Technology Holdings, Ltd.......... 3,216,000 83,549 # Wumart Stores, Inc. Class H........................ 2,513,000 1,773,223 # Xiamen International Port Co., Ltd. Class H........ 5,518,000 1,400,248 * Xiao Nan Guo Restaurants Holdings, Ltd............. 792,000 96,227 Xingda International Holdings, Ltd................. 5,376,000 1,686,596 Xinhua Winshare Publishing and Media Co., Ltd. Class H.......................................... 307,103 277,308 Xinjiang Goldwind Science & Technology Co., Ltd. Class H.......................................... 842,200 1,340,494 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H.......................................... 4,511,598 828,140 * Xiwang Property Holdings Co., Ltd.................. 1,200,344 56,938 Xiwang Special Steel Co., Ltd...................... 3,174,000 448,470 XTEP International Holdings, Ltd................... 3,511,000 1,238,350 #* Yanchang Petroleum International, Ltd.............. 26,190,000 1,028,827 # Yingde Gases Group Co., Ltd........................ 5,534,000 3,728,872 # Yip's Chemical Holdings, Ltd....................... 1,646,000 954,211 Youyuan International Holdings, Ltd................ 1,403,700 282,369 Yuanda China Holdings, Ltd......................... 11,554,000 670,470 Yuexiu Property Co., Ltd........................... 46,110,284 9,080,329 # Yuexiu Transport Infrastructure, Ltd............... 3,850,018 2,603,248 # Yuzhou Properties Co., Ltd......................... 5,245,120 1,264,243 #* Zall Development Group, Ltd........................ 3,598,000 1,235,323 # Zhaojin Mining Industry Co., Ltd................... 4,386,500 2,679,050 Zhejiang Expressway Co., Ltd. Class H.............. 5,450,000 6,949,517 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H.......................................... 859,600 514,748 # Zhong An Real Estate, Ltd.......................... 5,087,400 676,956 1877 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) # Zhongsheng Group Holdings, Ltd..................... 3,195,000 $ 2,779,513 Zhuzhou CSR Times Electric Co., Ltd. Class H 1,824,000 10,175,109 ------------ TOTAL CHINA............................................ 719,941,703 ------------ COLOMBIA -- (0.1%) Bolsa de Valores de Colombia....................... 22,283,259 168,951 Celsia SA ESP...................................... 698,168 1,473,592 Constructora Conconcreto SA........................ 293,150 164,596 Empresa de Telecomunicaciones de Bogota............ 1,981,412 365,424 * Fabricato SA....................................... 13,706,296 53,084 Grupo Odinsa SA.................................... 39,599 110,358 Isagen SA ESP...................................... 440,925 521,340 Mineros SA......................................... 102,961 80,597 ------------ TOTAL COLOMBIA......................................... 2,937,942 ------------ GREECE -- (0.4%) Aegean Airlines SA................................. 246,576 1,908,448 * Astir Palace Hotel SA.............................. 73,995 220,015 Athens Water Supply & Sewage Co. SA (The).......... 138,786 908,205 * Attica Bank SA..................................... 1,077,474 70,090 Bank of Greece..................................... 142,930 1,561,690 * Ellaktor SA........................................ 909,399 1,741,801 Elval--Hellenic Aluminium Industry SA.............. 61,004 68,176 * Fourlis Holdings SA................................ 283,268 889,892 * Frigoglass SA...................................... 167,513 309,432 * GEK Terna Holding Real Estate Construction SA...... 475,188 940,199 Hellenic Exchanges--Athens Stock Exchange SA Holding.......................................... 536,300 2,876,246 Iaso SA............................................ 234,070 195,089 * Intracom Holdings SA............................... 686,768 269,534 * Intralot SA-Integrated Lottery Systems & Services.. 865,039 1,278,771 * J&P-Avax SA........................................ 137,291 79,324 * Lamda Development SA............................... 92,510 294,401 * Marfin Investment Group Holdings SA................ 6,320,159 1,124,859 Metka SA........................................... 185,058 1,878,079 Motor Oil Hellas Corinth Refineries SA............. 329,711 2,235,105 * Mytilineos Holdings SA............................. 507,954 2,882,429 Piraeus Port Authority SA.......................... 42,172 470,407 Sarantis SA........................................ 95,423 758,566 Terna Energy SA.................................... 257,713 620,656 ------------ TOTAL GREECE........................................... 23,581,414 ------------ HUNGARY -- (0.0%) * Danubius Hotel and SpA P.L.C....................... 29,390 545,739 #* FHB Mortgage Bank P.L.C............................ 27,009 68,211 ------------ TOTAL HUNGARY.......................................... 613,950 ------------ INDIA -- (12.1%) * 3M India, Ltd...................................... 5,470 600,038 Aarti Industries................................... 117,066 537,289 Aban Offshore, Ltd................................. 175,035 1,324,043 * ABG Shipyard, Ltd.................................. 174,417 576,202 * Adani Power, Ltd................................... 2,263,370 1,893,344 1878 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) * Advanta, Ltd....................................... 142,847 $ 766,765 Aegis Logistics, Ltd............................... 81,340 553,580 Agro Tech Foods, Ltd............................... 54,133 594,698 Ahmednagar Forgings, Ltd........................... 107,463 558,661 AIA Engineering, Ltd............................... 166,457 3,047,535 Ajanta Pharma, Ltd................................. 107,274 4,427,398 Akzo Nobel India, Ltd.............................. 67,372 1,624,897 Alembic Pharmaceuticals, Ltd....................... 515,510 3,888,699 Alembic, Ltd....................................... 553,531 389,657 Allahabad Bank..................................... 1,087,083 2,025,183 Allcargo Logistics, Ltd............................ 107,666 570,398 Alok Industries, Ltd............................... 5,490,403 885,009 Alstom India, Ltd.................................. 148,374 1,674,019 Alstom T&D India, Ltd.............................. 17,891 136,350 Amara Raja Batteries, Ltd.......................... 505,255 6,973,505 Amtek Auto, Ltd.................................... 691,784 1,927,740 Amtek India, Ltd................................... 477,099 514,029 Anant Raj, Ltd..................................... 1,147,745 928,033 * Andhra Bank........................................ 1,077,921 1,591,723 Apar Industries, Ltd............................... 91,880 549,416 Apollo Hospitals Enterprise, Ltd................... 65,541 1,383,532 Apollo Tyres, Ltd.................................. 1,708,065 6,650,902 Arvind, Ltd........................................ 1,340,968 6,253,731 * Asahi India Glass, Ltd............................. 344,847 740,584 * Ashok Leyland, Ltd................................. 8,562,959 9,072,544 Atul, Ltd.......................................... 71,133 1,478,436 Aurobindo Pharma, Ltd.............................. 982,963 19,804,707 Automotive Axles, Ltd.............................. 11,648 136,427 Bajaj Corp., Ltd................................... 246,609 1,649,407 Bajaj Electricals, Ltd............................. 207,026 777,010 Bajaj Finance, Ltd................................. 62,702 4,087,764 Bajaj Finserv, Ltd................................. 117,508 2,745,605 * Bajaj Hindusthan, Ltd.............................. 1,721,602 528,049 Bajaj Holdings & Investment, Ltd................... 92,719 2,111,208 Balkrishna Industries, Ltd......................... 224,831 2,353,175 Ballarpur Industries, Ltd.......................... 1,878,459 477,549 Balmer Lawrie & Co., Ltd........................... 86,717 820,173 * Balrampur Chini Mills, Ltd......................... 1,218,398 1,200,934 Bank Of Maharashtra................................ 1,124,781 755,712 Bannari Amman Sugars, Ltd.......................... 15,663 301,175 BASF India, Ltd.................................... 62,823 1,253,423 Bata India, Ltd.................................... 145,561 3,332,138 BEML, Ltd.......................................... 121,779 1,768,564 Berger Paints India, Ltd........................... 1,644,808 6,116,078 BGR Energy Systems, Ltd............................ 161,858 406,415 Bharat Forge, Ltd.................................. 737,890 12,279,708 Bhushan Steel, Ltd................................. 314,562 427,134 Biocon, Ltd........................................ 508,356 3,403,471 Birla Corp., Ltd................................... 156,555 1,338,306 Blue Dart Express, Ltd............................. 28,535 3,141,860 Blue Star, Ltd..................................... 179,663 974,894 Bombay Burmah Trading Co........................... 9,468 65,291 Bombay Dyeing & Manufacturing Co., Ltd............. 785,565 1,026,708 1879 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Brigade Enterprises, Ltd........................... 137,271 $ 372,845 Britannia Industries, Ltd.......................... 212,967 6,504,551 Carborundum Universal, Ltd......................... 329,688 944,021 CCL Products India, Ltd............................ 260,631 798,110 Ceat, Ltd.......................................... 138,577 1,832,007 * Central Bank Of India.............................. 471,636 794,641 Century Plyboards India, Ltd....................... 161,335 479,743 Century Textiles & Industries, Ltd................. 356,772 3,294,143 CESC, Ltd.......................................... 546,678 6,408,599 Chambal Fertilizers & Chemicals, Ltd............... 1,272,489 1,242,671 * Chennai Petroleum Corp., Ltd....................... 393,287 491,715 Cholamandalam Investment and Finance Co., Ltd...... 71,956 629,379 City Union Bank, Ltd............................... 1,370,347 2,058,922 Clariant Chemicals India, Ltd...................... 58,820 860,698 Claris Lifesciences, Ltd........................... 82,834 237,442 CMC, Ltd........................................... 65,297 1,977,436 Coromandel International, Ltd...................... 517,941 2,420,446 Corp. Bank......................................... 1,081,080 1,217,591 Cox & Kings, Ltd................................... 447,253 2,186,161 CRISIL, Ltd........................................ 38,313 1,295,103 Crompton Greaves, Ltd.............................. 2,205,917 6,736,575 Cyient, Ltd........................................ 311,840 2,717,424 Dalmia Bharat, Ltd................................. 91,046 704,972 DB Corp., Ltd...................................... 43,770 271,403 * DB Realty, Ltd..................................... 815,914 1,201,305 * DCB Bank, Ltd...................................... 1,475,813 2,809,074 DCM Shriram, Ltd................................... 260,162 616,465 Deepak Fertilisers & Petrochemicals Corp., Ltd..... 267,748 612,697 Delta Corp., Ltd................................... 810,016 1,162,630 * DEN Networks, Ltd.................................. 343,697 601,965 Dena Bank.......................................... 1,211,874 1,114,995 Dewan Housing Finance Corp., Ltd................... 27,941 212,498 * Dish TV India, Ltd................................. 3,087,132 3,938,833 Dishman Pharmaceuticals & Chemicals, Ltd........... 237,747 582,250 Dredging Corp. Of India, Ltd....................... 11,933 75,337 eClerx Services, Ltd............................... 80,330 1,671,418 Edelweiss Financial Services, Ltd.................. 1,665,975 1,862,035 Eicher Motors, Ltd................................. 40,288 10,543,363 * EID Parry India, Ltd............................... 507,879 1,591,034 EIH, Ltd........................................... 856,702 1,578,581 Electrosteel Castings, Ltd......................... 711,611 189,609 Elgi Equipments, Ltd............................... 230,271 595,258 Emami, Ltd......................................... 142,377 2,106,476 Engineers India, Ltd............................... 395,610 1,382,986 Entertainment Network India, Ltd................... 48,584 431,747 * Eros International Media, Ltd...................... 246,347 1,436,753 Escorts, Ltd....................................... 523,565 1,086,046 * Ess Dee Aluminium, Ltd............................. 125,607 536,184 * Essar Oil, Ltd..................................... 2,063,648 3,703,901 Essar Ports, Ltd................................... 458,381 801,213 * Essar Shipping, Ltd................................ -- -- Essel Propack, Ltd................................. 393,109 762,131 Eveready Industries India, Ltd..................... 117,961 389,480 1880 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- INDIA -- (Continued) Exide Industries, Ltd.............................. 1,310,267 $3,926,840 FAG Bearings India, Ltd............................ 29,702 1,803,058 FDC, Ltd........................................... 458,029 1,213,589 Federal Bank, Ltd.................................. 4,298,361 9,792,620 * Federal-Mogul Goetze India, Ltd.................... 72,593 509,145 Financial Technologies India, Ltd.................. 124,447 404,708 Finolex Cables, Ltd................................ 584,195 2,374,879 Finolex Industries, Ltd............................ 356,978 1,658,417 * Firstsource Solutions, Ltd......................... 1,587,764 727,595 * Fortis Healthcare, Ltd............................. 907,862 1,680,382 * Future Consumer Enterprise, Ltd.................... 2,458,493 528,537 Future Lifestyle Fashions, Ltd..................... 21,868 25,500 Future Retail, Ltd................................. 415,146 790,610 Gabriel India, Ltd................................. 407,418 679,629 * Gammon Infrastructure Projects, Ltd................ 355,449 92,941 Gateway Distriparks, Ltd........................... 527,515 3,261,537 Gati, Ltd.......................................... 220,146 884,925 GHCL, Ltd.......................................... 66,113 79,895 Gillette India, Ltd................................ 14,470 794,027 * Gitanjali Gems, Ltd................................ 126,872 95,683 Global Offshore Services, Ltd...................... 57,492 772,841 GMR Infrastructure, Ltd............................ 9,412,702 2,957,405 Godfrey Phillips India, Ltd........................ 25,617 244,858 * Godrej Industries, Ltd.().......................... 233 1,168 Godrej Industries, Ltd.(B1BFBC9)................... 291,033 1,451,785 Godrej Properties, Ltd............................. 449,175 2,018,435 Graphite India, Ltd................................ 389,722 489,864 Great Eastern Shipping Co., Ltd. (The)............. 447,972 2,617,375 Greaves Cotton, Ltd................................ 584,703 1,366,757 Grindwell Norton, Ltd.............................. 18,171 184,548 Gruh Finance, Ltd.................................. 222,390 983,161 * GTL Infrastructure, Ltd............................ 1,158,583 43,841 Gujarat Alkalies & Chemicals, Ltd.................. 198,644 618,320 Gujarat Fluorochemicals, Ltd....................... 173,630 2,041,841 * Gujarat Gas Co., Ltd............................... 146,192 1,541,085 Gujarat Industries Power Co., Ltd.................. 98,741 134,436 Gujarat Mineral Development Corp., Ltd............. 693,162 1,370,745 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.............................................. 350,398 490,400 * Gujarat NRE Coke, Ltd.............................. 232,654 20,122 * Gujarat Pipavav Port, Ltd.......................... 822,833 2,731,198 Gujarat State Fertilisers & Chemicals, Ltd......... 969,096 1,564,519 Gujarat State Petronet, Ltd........................ 1,152,841 2,143,517 Gulf Oil Corp., Ltd................................ 76,450 206,768 Gulf Oil Lubricants India, Ltd..................... 76,450 672,498 * GVK Power & Infrastructure, Ltd.................... 5,583,655 944,144 * Hathway Cable & Datacom, Ltd....................... 1,851,805 1,907,567 Havells India, Ltd................................. 1,856,255 7,722,383 * HCL Infosystems, Ltd............................... 626,484 509,090 HEG, Ltd........................................... 94,448 339,492 * HeidelbergCement India, Ltd........................ 588,763 836,378 * Hexa Tradex, Ltd................................... 73,518 31,476 Hexaware Technologies, Ltd......................... 1,467,575 5,346,059 Hikal, Ltd......................................... 15,556 192,167 1881 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- INDIA -- (Continued) * Himachal Futuristic Communications, Ltd............ 3,769,953 $1,021,138 Hinduja Global Solutions, Ltd...................... 30,903 313,394 Hinduja Ventures, Ltd.............................. 36,075 192,717 * Hindustan Construction Co., Ltd.................... 1,572,759 882,161 Hindustan Petroleum Corp., Ltd..................... 682,702 7,272,950 Hitachi Home & Life Solutions India, Ltd........... 64,496 1,160,166 Honeywell Automation India, Ltd.................... 13,295 1,565,916 * Hotel Leela Venture, Ltd........................... 540,246 197,277 * Housing Development & Infrastructure, Ltd.......... 2,481,124 4,463,053 HSIL, Ltd.......................................... 183,109 1,175,437 HT Media, Ltd...................................... 505,746 1,103,812 Huhtamaki PPL, Ltd................................. 78,233 259,680 ICRA, Ltd.......................................... 447 24,141 IDBI Bank, Ltd..................................... 1,553,832 1,775,568 IIFL Holdings, Ltd................................. 1,258,501 3,629,393 IL&FS Transportation Networks, Ltd................. 418,147 1,431,538 * India Cements, Ltd. (The).......................... 1,733,197 3,016,988 Indiabulls Housing Finance, Ltd.................... 357,294 3,390,731 Indian Bank........................................ 511,107 1,524,461 * Indian Hotels Co., Ltd............................. 2,387,814 4,659,727 Indian Overseas Bank............................... 1,554,951 1,427,917 Indoco Remedies, Ltd............................... 228,250 1,198,862 Indraprastha Gas, Ltd.............................. 468,548 3,495,802 Info Edge India, Ltd............................... 158,914 2,165,651 ING Vysya Bank, Ltd................................ 21,126 313,792 Ingersoll-Rand India, Ltd.......................... 64,459 894,248 * Inox Leisure, Ltd.................................. 210,286 603,197 * Intellect Design Arena, Ltd........................ 628,348 1,105,836 * International Paper APPM, Ltd...................... 57,705 252,268 Ipca Laboratories, Ltd............................. 370,908 3,809,728 IRB Infrastructure Developers, Ltd................. 1,021,009 4,437,633 Jagran Prakashan, Ltd.............................. 684,214 1,495,240 Jai Corp., Ltd..................................... 104,735 117,916 Jain Irrigation Systems, Ltd....................... 2,710,285 3,063,266 * Jaiprakash Associates, Ltd......................... 7,015,959 3,242,588 * Jaiprakash Power Ventures, Ltd..................... 6,325,569 1,234,398 Jammu & Kashmir Bank, Ltd. (The)................... 1,666,776 4,103,558 * Jaypee Infratech, Ltd.............................. 3,103,300 1,036,933 JB Chemicals & Pharmaceuticals, Ltd................ 147,164 455,998 JBF Industries, Ltd................................ 57,757 237,546 Jindal Drilling & Industries, Ltd.................. 8,787 23,354 Jindal Poly Films, Ltd............................. 104,923 417,864 * Jindal Poly Investment & Finance Co., Ltd.......... 1 1 Jindal Saw, Ltd.................................... 1,151,803 1,494,949 * Jindal Stainless, Ltd.............................. 380,310 204,776 JK Cement, Ltd..................................... 185,671 2,083,523 JK Lakshmi Cement, Ltd............................. 355,433 2,227,706 JK Tyre & Industries, Ltd.......................... 501,105 979,798 JM Financial, Ltd.................................. 2,073,645 1,741,221 JSW Energy, Ltd.................................... 2,082,694 4,093,804 * JSW Holdings, Ltd.................................. 1,870 30,381 * Jubilant Foodworks, Ltd............................ 278,198 6,208,055 Jubilant Life Sciences, Ltd........................ 404,153 1,123,656 1882 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- INDIA -- (Continued) Jyothy Laboratories, Ltd........................... 390,764 $1,831,988 Kajaria Ceramics, Ltd.............................. 232,004 2,739,743 * Kakinada Fertilizers, Ltd.......................... 632,948 21,482 Kalpataru Power Transmission, Ltd.................. 397,000 1,495,971 Kansai Nerolac Paints, Ltd......................... 23,049 897,125 Karnataka Bank, Ltd. (The)......................... 1,294,311 2,968,840 Karur Vysya Bank, Ltd. (The)....................... 347,092 3,332,575 Kaveri Seed Co., Ltd............................... 186,967 2,200,507 KEC International, Ltd............................. 743,980 1,131,897 * Kesoram Industries, Ltd............................ 287,821 579,266 Kewal Kiran Clothing, Ltd.......................... 1,598 49,633 Kirloskar Brothers, Ltd............................ 817 2,789 Kirloskar Oil Engines, Ltd......................... 229,293 993,235 Kolte-Patil Developers, Ltd........................ 99,647 327,036 KPIT Technologies, Ltd............................. 911,855 3,050,437 KRBL, Ltd.......................................... 382,869 739,446 KSB Pumps, Ltd..................................... 45,811 510,228 * KSK Energy Ventures, Ltd........................... 167,841 207,381 Lakshmi Machine Works, Ltd......................... 23,740 1,520,977 Lakshmi Vilas Bank, Ltd. (The)..................... 727,633 1,047,463 * Lanco Infratech, Ltd............................... 4,921,870 507,271 * Mahanagar Telephone Nigam, Ltd..................... 844,255 389,903 Maharashtra Seamless, Ltd.......................... 210,955 705,152 Mahindra & Mahindra Financial Services, Ltd........ 214,465 881,914 * Mahindra CIE Automotive, Ltd....................... 48,146 170,477 Mahindra Holidays & Resorts India, Ltd............. 186,201 783,899 Mahindra Lifespace Developers, Ltd................. 102,437 849,900 Mandhana Industries, Ltd........................... 54,218 245,783 * Mangalore Refinery & Petrochemicals, Ltd........... 1,243,362 1,188,926 * Marico Kaya Enterprises, Ltd....................... 6,469 120,426 MAX India, Ltd..................................... 931,335 7,103,381 McLeod Russel India, Ltd........................... 379,414 1,252,802 Mercator, Ltd...................................... 612,469 214,329 Merck, Ltd......................................... 49,891 765,254 MindTree, Ltd...................................... 291,025 6,203,518 MOIL, Ltd.......................................... 158,280 743,284 Monnet Ispat & Energy, Ltd......................... 23,342 23,139 Monsanto India, Ltd................................ 37,272 1,925,523 Motherson Sumi Systems, Ltd........................ 1,229,584 8,945,754 Motilal Oswal Financial Services, Ltd.............. 19,270 98,801 Mphasis, Ltd....................................... 378,369 2,212,184 MPS, Ltd........................................... 7,827 112,935 MRF, Ltd........................................... 9,265 5,979,524 * Nagarjuna Oil Refinery, Ltd........................ 121,186 7,051 Natco Pharma, Ltd.................................. 94,555 2,099,534 National Aluminium Co., Ltd........................ 482,325 353,042 Nava Bharat Ventures, Ltd.......................... 13,117 40,878 Navneet Education, Ltd............................. 641,300 1,111,524 NCC, Ltd........................................... 2,874,097 3,509,979 NESCO, Ltd......................................... 38,589 1,016,088 NIIT Technologies, Ltd............................. 251,992 1,420,609 NIIT, Ltd.......................................... 167,888 119,395 Nitin Fire Protection Industries, Ltd.............. 824,985 448,273 1883 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- INDIA -- (Continued) Noida Toll Bridge Co., Ltd......................... 126,184 $ 71,465 Oberoi Realty, Ltd................................. 325,121 1,484,723 OCL India, Ltd..................................... 51,578 444,121 OMAXE, Ltd......................................... 450,427 919,321 Orient Cement, Ltd................................. 351,095 1,075,292 Oriental Bank of Commerce.......................... 598,876 2,553,054 Orissa Minerals Development Co., Ltd............... 6,645 331,699 * Oswal Chemicals & Fertilizers, Ltd................. 29,723 13,002 Page Industries, Ltd............................... 25,589 4,885,839 * Parsvnath Developers, Ltd.......................... 652,167 189,214 * Patel Engineering, Ltd............................. 17,376 27,606 PC Jeweller, Ltd................................... 339,109 1,455,113 Peninsula Land, Ltd................................ 559,353 338,347 Persistent Systems, Ltd............................ 81,982 2,234,106 Petronet LNG, Ltd.................................. 1,096,011 3,175,428 Pfizer, Ltd........................................ 89,525 2,941,693 Phoenix Mills, Ltd. (The).......................... 219,708 1,432,020 PI Industries, Ltd................................. 296,918 2,383,417 Pidilite Industries, Ltd........................... 343,623 3,147,407 * Pipavav Defence & Offshore Engineering Co., Ltd.... 1,532,809 1,213,425 Piramal Enterprises, Ltd........................... 237,828 3,205,745 * Plethico Pharmaceuticals, Ltd...................... 68,473 40,476 Polaris Financial Technology, Ltd.................. 628,348 1,493,696 Praj Industries, Ltd............................... 532,820 537,344 Prakash Industries, Ltd............................ 219,127 178,377 Prestige Estates Projects, Ltd..................... 620,571 2,749,477 * Prism Cement, Ltd.................................. 645,641 1,075,245 Procter & Gamble Hygiene & Health Care, Ltd........ 2,502 253,374 PTC India Financial Services, Ltd.................. 1,414,674 1,430,785 PTC India, Ltd..................................... 2,122,558 3,406,911 * Punj Lloyd, Ltd.................................... 1,344,331 801,471 Punjab & Sind Bank................................. 445,662 431,660 Puravankara Projects, Ltd.......................... 379,585 506,091 Radico Khaitan, Ltd................................ 493,729 762,088 Rain Industries, Ltd............................... 918,138 557,018 Rajesh Exports, Ltd................................ 106,849 293,930 Rallis India, Ltd.................................. 595,300 2,171,153 Ramco Cements, Ltd. (The).......................... 431,652 2,521,609 Ratnamani Metals & Tubes, Ltd...................... 27,969 315,708 Raymond, Ltd....................................... 249,192 2,044,650 Redington India, Ltd............................... 1,345,625 2,680,504 * REI Agro, Ltd...................................... 2,301,465 39,095 Relaxo Footwears, Ltd.............................. 16,733 177,968 Reliance Infrastructure, Ltd....................... 404,804 3,314,291 Rolta India, Ltd................................... 724,825 1,283,270 Ruchi Soya Industries, Ltd......................... 914,225 508,989 Sadbhav Engineering, Ltd........................... 314,907 1,453,156 Sanofi India, Ltd.................................. 24,992 1,334,753 * Schneider Electric Infrastructure, Ltd............. 89,402 228,013 Selan Exploration Technology, Ltd.................. 10,599 47,279 Shasun Pharmaceuticals, Ltd........................ 147,908 675,018 * Shipping Corp. of India, Ltd....................... 1,056,249 956,319 Shoppers Stop, Ltd................................. 50,129 382,778 1884 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- INDIA -- (Continued) * Shree Renuka Sugars, Ltd........................... 3,333,657 $ 867,195 Simplex Infrastructures, Ltd....................... 66,258 398,372 Sintex Industries, Ltd............................. 1,792,922 3,193,576 * SITI Cable Network, Ltd............................ 84,542 47,467 SJVN, Ltd.......................................... 1,956,963 802,587 SKF India, Ltd..................................... 106,530 2,576,522 SML ISUZU, Ltd..................................... 18,769 297,706 Sobha, Ltd......................................... 382,160 2,885,721 Solar Industries India, Ltd........................ 25,572 1,280,057 Sona Koyo Steering Systems, Ltd.................... 276,393 246,863 Sonata Software, Ltd............................... 199,911 391,569 South Indian Bank, Ltd. (The)...................... 2,782,692 1,236,777 Spice Mobility, Ltd................................ 12,494 5,790 SREI Infrastructure Finance, Ltd................... 223,216 163,532 SRF, Ltd........................................... 144,710 2,222,791 Star Ferro and Cement, Ltd......................... 137,796 217,946 State Bank of Bikaner & Jaipur..................... 131,311 1,370,746 State Bank of Travancore........................... 64,440 553,250 Sterlite Technologies, Ltd......................... 1,195,900 1,194,380 Strides Arcolab, Ltd............................... 338,221 5,068,520 Styrolution ABS India, Ltd......................... 23,441 266,923 * Sun Pharma Advanced Research Co., Ltd.............. 683,215 3,586,618 Sun TV Network, Ltd................................ 83,545 549,152 Sundaram Finance, Ltd.............................. 34,562 847,206 Sundaram-Clayton, Ltd.............................. 3,890 124,556 Sundram Fasteners, Ltd............................. 561,650 1,843,454 Supreme Industries, Ltd............................ 229,258 2,184,320 Supreme Petrochem, Ltd............................. 103,075 113,306 * Surana Industries, Ltd............................. 14,879 9,376 * Suzlon Energy, Ltd................................. 1,219,647 315,433 Swaraj Engines, Ltd................................ 17,507 246,084 Syndicate Bank..................................... 1,199,412 2,261,861 Tamil Nadu Newsprint & Papers, Ltd................. 115,331 249,214 Tata Chemicals, Ltd................................ 421,074 3,101,378 Tata Communications, Ltd........................... 663,303 4,387,098 Tata Elxsi, Ltd.................................... 155,165 1,910,302 Tata Global Beverages, Ltd......................... 2,297,598 5,910,399 Tata Sponge Iron, Ltd.............................. 43,421 460,310 * Tata Teleservices Maharashtra, Ltd................. 4,170,089 614,809 Tech Mahindra, Ltd................................. 1 33 Techno Electric & Engineering Co., Ltd............. 107,116 702,731 Texmaco Rail & Engineering, Ltd.................... 275,783 687,897 Thermax, Ltd....................................... 242,482 4,444,005 Time Technoplast, Ltd.............................. 533,039 440,712 Timken India, Ltd.................................. 61,319 530,838 Torrent Pharmaceuticals, Ltd....................... 365,996 6,428,605 Torrent Power, Ltd................................. 543,572 1,512,603 Transport Corp. of India, Ltd...................... 179,662 752,141 Tree House Education and Accessories, Ltd.......... 116,907 876,496 Trent, Ltd......................................... 44,342 1,040,006 Triveni Turbine, Ltd............................... 328,373 558,083 TTK Prestige, Ltd.................................. 31,862 1,728,712 Tube Investments of India, Ltd..................... 465,675 2,765,355 1885 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ INDIA -- (Continued) * TV18 Broadcast, Ltd............................... 3,759,896 $ 2,102,551 TVS Motor Co., Ltd................................ 1,420,718 7,028,855 UCO Bank.......................................... 1,711,048 2,073,328 Uflex, Ltd........................................ 219,961 538,636 Unichem Laboratories, Ltd......................... 303,970 1,088,310 Union Bank of India............................... 1,015,855 3,413,731 * Unitech, Ltd...................................... 12,902,107 3,869,278 UPL, Ltd.......................................... 2,016,992 11,974,593 * Usha Martin, Ltd.................................. 681,264 328,133 * Uttam Galva Steels, Ltd........................... 151,190 158,063 V-Guard Industries, Ltd........................... 84,617 1,367,256 VA Tech Wabag, Ltd................................ 100,694 2,617,862 Vakrangee, Ltd.................................... 645,382 1,332,568 Vardhman Textiles, Ltd............................ 133,578 951,434 Vesuvius India, Ltd............................... 1,802 21,067 Videocon Industries, Ltd.......................... 653,630 1,665,481 Vijaya Bank....................................... 1,851,217 1,468,318 VIP Industries, Ltd............................... 640,306 1,084,849 Voltas, Ltd....................................... 993,937 4,304,601 VST Industries, Ltd............................... 23,433 705,345 WABCO India, Ltd.................................. 12,546 1,081,547 Welspun Corp., Ltd................................ 756,974 829,166 * Welspun Enterprises, Ltd.......................... 35,317 168,985 Welspun India, Ltd................................ 178,085 1,090,388 Wockhardt, Ltd.................................... 216,153 4,211,242 Zensar Technologies, Ltd.......................... 109,335 1,150,889 Zuari Agro Chemicals, Ltd......................... 42,970 161,318 Zydus Wellness, Ltd............................... 71,051 913,527 ------------ TOTAL INDIA........................................... 677,241,868 ------------ INDONESIA -- (3.0%) Ace Hardware Indonesia Tbk PT..................... 32,168,700 1,876,563 Adhi Karya Persero Tbk PT......................... 9,983,100 2,888,432 Agung Podomoro Land Tbk PT........................ 59,723,900 2,092,979 AKR Corporindo Tbk PT............................. 3,896,200 1,439,918 Alam Sutera Realty Tbk PT......................... 103,431,000 4,816,760 Aneka Tambang Persero Tbk PT...................... 32,303,800 2,701,198 Arwana Citramulia Tbk PT.......................... 23,099,200 1,817,602 Asahimas Flat Glass Tbk PT........................ 983,000 649,842 Astra Graphia Tbk PT.............................. 2,211,000 328,042 * Bakrie and Brothers Tbk PT........................ 319,498,500 1,261,095 * Bakrie Sumatera Plantations Tbk PT................ 58,428,800 230,608 * Bakrie Telecom Tbk PT............................. 80,514,398 317,799 * Bakrieland Development Tbk PT..................... 184,417,450 727,916 Bank Bukopin Tbk PT............................... 31,834,366 1,929,148 * Bank Pan Indonesia Tbk PT......................... 15,907,500 1,328,837 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT.............................................. 20,661,400 1,340,041 Bank Tabungan Negara Persero Tbk PT............... 40,023,449 3,127,057 * Barito Pacific Tbk PT............................. 11,044,500 268,273 Benakat Integra Tbk PT............................ 156,035,200 1,411,079 * Berau Coal Energy Tbk PT.......................... 40,089,600 226,271 * Berlian Laju Tanker Tbk PT........................ 35,106,366 -- BISI International Tbk PT......................... 9,272,000 767,606 1886 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ---------- INDONESIA -- (Continued) * Borneo Lumbung Energi & Metal Tbk PT............... 498,900 $ 1,957 * Budi Starch & Sweetener Tbk PT..................... 5,947,000 46,826 * Bumi Resources Minerals Tbk PT..................... 25,922,000 572,994 * Bumi Resources Tbk PT.............................. 147,890,100 1,171,460 BW Plantation Tbk PT............................... 35,779,700 1,000,487 * Central Proteinaprima Tbk PT....................... 6,944,300 64,295 Chandra Asri Petrochemical Tbk PT.................. 13,500 3,184 Charoen Pokphand Indonesia Tbk PT.................. 1,695,700 526,677 Ciputra Development Tbk PT......................... 55,154,080 6,219,070 Ciputra Property Tbk PT............................ 23,086,300 1,487,503 Ciputra Surya Tbk PT............................... 7,149,200 1,685,393 Citra Marga Nusaphala Persada Tbk PT............... 12,391,100 2,732,028 * Clipan Finance Indonesia Tbk PT.................... 1,482,000 50,241 * Darma Henwa Tbk PT................................. 72,303,600 285,390 * Davomas Abadi Tbk PT............................... 11,631,700 918 * Delta Dunia Makmur Tbk PT.......................... 43,754,800 540,999 Elnusa Tbk PT...................................... 27,947,300 1,248,529 * Energi Mega Persada Tbk PT......................... 326,548,300 2,670,544 * Erajaya Swasembada Tbk PT.......................... 10,719,500 1,014,894 * Ever Shine Textile Tbk PT.......................... 3,654,640 53,373 * Exploitasi Energi Indonesia Tbk PT................. 47,667,600 432,978 Express Transindo Utama Tbk PT..................... 8,214,100 627,309 * Fajar Surya Wisesa Tbk PT.......................... 672,500 88,840 Gajah Tunggal Tbk PT............................... 15,163,400 1,740,920 * Garuda Indonesia Persero Tbk PT.................... 32,805,149 1,538,319 * Golden Eagle Energy Tbk PT......................... 8,355,850 1,176,916 * Hanson International Tbk PT........................ 64,400,400 3,598,587 Harum Energy Tbk PT................................ 7,464,100 891,665 Hexindo Adiperkasa Tbk PT.......................... 1,326,000 397,066 Holcim Indonesia Tbk PT............................ 2,174,100 336,530 Indah Kiat Pulp & Paper Corp. Tbk PT............... 20,848,200 1,784,770 * Indika Energy Tbk PT............................... 17,231,000 666,395 * Indo-Rama Synthetics Tbk PT........................ 479,000 31,952 Indomobil Sukses Internasional Tbk PT.............. 33,000 10,339 * Inovisi Infracom Tbk PT............................ 3,770,667 35,072 Intiland Development Tbk PT........................ 59,270,332 2,889,541 Japfa Comfeed Indonesia Tbk PT..................... 30,036,100 2,096,481 Jaya Real Property Tbk PT.......................... 9,837,500 929,488 Kawasan Industri Jababeka Tbk PT................... 166,284,077 3,971,033 * Krakatau Steel Persero Tbk PT...................... 12,979,100 476,028 * Lippo Cikarang Tbk PT.............................. 3,457,900 3,123,139 Malindo Feedmill Tbk PT............................ 7,671,000 1,314,043 Matahari Putra Prima Tbk PT........................ 9,411,228 2,819,394 Mayora Indah Tbk PT................................ 2,928,850 5,599,947 Medco Energi Internasional Tbk PT.................. 12,684,300 3,123,293 Mitra Adiperkasa Tbk PT............................ 7,948,300 3,673,896 * Mitra Pinasthika Mustika Tbk PT.................... 510,100 30,842 MNC Investama Tbk PT............................... 159,444,100 3,536,594 MNC Sky Vision Tbk PT.............................. 1,540,200 206,762 Modern Internasional Tbk PT........................ 4,017,800 205,307 Modernland Realty Tbk PT........................... 68,568,000 2,862,905 Multipolar Tbk PT.................................. 63,005,700 4,181,159 Multistrada Arah Sarana Tbk PT..................... 6,875,500 200,165 1887 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ INDONESIA -- (Continued) Nippon Indosari Corpindo Tbk PT................... 13,517,700 $ 1,464,175 * Nusantara Infrastructure Tbk PT................... 78,200,000 1,168,061 Pabrik Kertas Tjiwi Kimia Tbk PT.................. 1,844,300 122,049 Pakuwon Jati Tbk PT............................... 449,500 17,626 Pan Brothers Tbk PT............................... 22,384,800 797,845 * Panasia Indo Resources Tbk PT..................... 79,000 3,742 * Panin Financial Tbk PT............................ 128,732,600 2,756,743 Panin Sekuritas Tbk PT............................ 31,500 12,114 * Paninvest Tbk PT.................................. 8,124,500 467,504 Pembangunan Perumahan Persero Tbk PT.............. 23,207,900 7,109,447 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT.......................................... 27,636,300 4,000,186 Petrosea Tbk PT................................... 3,520,500 255,881 * Polaris Investama Tbk PT.......................... 2,730,500 329,210 * PT Texmaco Jaya Tbk............................... 93,000 -- Ramayana Lestari Sentosa Tbk PT................... 27,133,400 1,753,174 Resource Alam Indonesia Tbk PT.................... 2,489,000 204,802 Salim Ivomas Pratama Tbk PT....................... 28,847,600 1,572,391 Samindo Resources Tbk PT.......................... 475,750 16,107 Sampoerna Agro PT................................. 5,502,800 816,508 Samudera Indonesia Tbk PT......................... 66,500 61,835 Selamat Sempurna Tbk PT........................... 5,481,000 2,083,882 Semen Baturaja Persero Tbk PT..................... 14,668,900 429,108 * Sentul City Tbk PT................................ 216,989,600 1,950,488 * Sigmagold Inti Perkasa Tbk PT..................... 12,930,500 477,498 Sinar Mas Agro Resources & Technology Tbk PT...... 1,037,460 561,444 Sri Rejeki Isman Tbk PT........................... 71,088,300 870,711 * Sugih Energy Tbk PT............................... 134,897,600 4,428,058 Summarecon Agung Tbk PT........................... 47,186,664 6,100,275 * Surabaya Agung Industri Pulp & Kertas Tbk PT...... 64,500 -- * Surya Dumai Industri Tbk.......................... 3,298,500 -- Surya Semesta Internusa Tbk PT.................... 31,521,100 2,716,283 * Suryainti Permata Tbk PT.......................... 7,252,000 -- Tempo Scan Pacific Tbk PT......................... 683,800 143,064 Tiga Pilar Sejahtera Food Tbk..................... 16,732,600 2,831,707 Timah Persero Tbk PT.............................. 24,752,714 2,278,094 * Tiphone Mobile Indonesia Tbk PT................... 18,529,400 1,499,464 Total Bangun Persada Tbk PT....................... 11,976,800 1,039,398 * Trada Maritime Tbk PT............................. 12,248,113 128,070 Trias Sentosa Tbk PT.............................. 37,122,100 1,097,511 * Trimegah Securities Tbk PT........................ 9,105,800 48,913 * Truba Alam Manunggal Engineering PT............... 21,316,500 16,828 Tunas Baru Lampung Tbk PT......................... 14,903,600 822,302 Tunas Ridean Tbk PT............................... 13,838,000 730,347 Ultrajaya Milk Industry & Trading Co. Tbk PT...... 3,667,600 1,193,936 Unggul Indah Cahaya Tbk PT........................ 48,239 6,229 * Visi Media Asia Tbk PT............................ 34,771,100 1,204,789 Waskita Karya Persero Tbk PT...................... 21,237,400 2,848,903 Wijaya Karya Persero Tbk PT....................... 11,863,100 3,480,464 Wintermar Offshore Marine Tbk PT.................. 4,178,957 234,492 ------------ TOTAL INDONESIA....................................... 169,673,161 ------------ ISRAEL -- (0.0%) * Knafaim Holdings, Ltd............................. 1 1 1888 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- ISRAEL -- (Continued) * Metis Capital, Ltd................................. 919 $ -- ---------- TOTAL ISRAEL........................................... 1 ---------- MALAYSIA -- (4.2%) A & M Realty Bhd................................... 125,200 30,614 * Adventa Bhd........................................ 4,600 1,089 Aeon Co. M Bhd..................................... 3,721,400 3,058,770 Aeon Credit Service M Bhd.......................... 46,800 161,005 # Affin Holdings Bhd................................. 913,220 721,873 * Ahmad Zaki Resources Bhd........................... 761,300 147,373 #* Alam Maritim Resources Bhd......................... 3,550,800 624,150 Allianz Malaysia Bhd............................... 59,200 190,854 Amway Malaysia Hldgs Bhd........................... 399,300 1,208,652 Ann Joo Resources Bhd.............................. 1,141,450 352,214 * Anson Perdana Bhd.................................. 10,000 -- APM Automotive Holdings Bhd........................ 256,900 350,746 Benalec Holdings Bhd............................... 5,078,300 1,164,342 Berjaya Assets Bhd................................. 848,300 198,220 # Berjaya Corp. Bhd.................................. 20,740,900 2,309,237 Berjaya Land Bhd................................... 3,734,000 818,615 # BIMB Holdings Bhd.................................. 1,182,708 1,339,173 Bintulu Port Holdings Bhd.......................... 25,900 51,215 BLD Plantation Bhd................................. 21,400 47,115 # Bonia Corp. Bhd.................................... 1,477,700 387,576 Boustead Holdings Bhd.............................. 924,272 1,182,854 Boustead Plantations Bhd........................... 199,900 78,531 Bursa Malaysia Bhd................................. 3,632,100 8,188,579 Cahya Mata Sarawak Bhd............................. 3,160,900 3,652,453 Can-One Bhd........................................ 497,700 324,882 # Carlsberg Brewery Malaysia Bhd Class B............. 1,144,000 3,699,914 * Carotech Bhd....................................... 230,650 254 # CB Industrial Product Holding Bhd.................. 2,697,240 1,551,348 Chin Teck Plantations Bhd.......................... 33,000 83,711 # Coastal Contracts Bhd.............................. 2,139,266 1,721,199 Crescendo Corp. Bhd................................ 64,200 42,760 CSC Steel Holdings Bhd............................. 564,800 157,079 # Cypark Resources Bhd............................... 1,493,300 758,011 * D&O Green Technologies Bhd......................... 149,900 9,361 Daibochi Plastic & Packaging Industry Bhd.......... 46,200 58,837 * Datuk Keramik Holdings Bhd......................... 24,000 -- * Daya Materials Bhd................................. 17,509,000 721,551 Dayang Enterprise Holdings Bhd..................... 2,409,196 1,803,348 DKSH Holdings Malaysia Bhd......................... 160,600 277,814 # DRB-Hicom Bhd...................................... 7,575,100 3,722,197 Dutch Lady Milk Industries Bhd..................... 140,200 1,816,162 # Eastern & Oriental Bhd............................. 6,756,420 4,252,965 * ECM Libra Financial Group Bhd...................... 367,466 100,210 Ekovest BHD........................................ 125,600 39,532 Engtex Group Bhd................................... 677,550 201,046 * Evergreen Fibreboard Bhd........................... 696,200 166,323 Eversendai Corp. Bhd............................... 533,900 88,857 # Faber Group Bhd.................................... 1,931,300 1,349,835 FAR East Holdings Bhd.............................. 61,500 139,265 1889 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- MALAYSIA -- (Continued) * Fountain View Development Bhd...................... 808,200 $ -- George Kent Malaysia BHD........................... 181,632 60,878 * Global Oriental Bhd................................ 766,800 112,562 # Globetronics Technology Bhd........................ 1,731,760 2,291,212 Glomac Bhd......................................... 2,945,400 802,975 * Golden Plus Holding Bhd............................ 216,000 -- * Goldis Bhd......................................... 604,277 369,816 * Green Packet Bhd................................... 3,430,800 296,445 * Guan Chong Bhd..................................... 139,500 36,157 Guinness Anchor Bhd................................ 877,000 2,909,989 GuocoLand Malaysia Bhd............................. 1,499,800 531,004 Hai-O Enterprise Bhd............................... 722,380 477,147 HAP Seng Consolidated Bhd.......................... 3,534,140 4,293,580 Hap Seng Plantations Holdings Bhd.................. 1,686,900 1,183,157 # Hartalega Holdings Bhd............................. 1,384,400 2,892,983 Hiap Teck Venture Bhd.............................. 1,386,900 224,991 * Ho Wah Genting Bhd................................. 627,500 25,883 Hock Seng LEE BHD.................................. 1,309,416 609,307 Hong Leong Industries Bhd.......................... 635,800 769,179 Hovid Bhd.......................................... 2,894,200 321,728 Hua Yang Bhd....................................... 1,360,000 803,426 * Hume Industries Bhd................................ 563,072 564,981 Hup Seng Industries Bhd............................ 253,333 64,858 Hwang Capital Malaysia Bhd......................... 235,000 124,891 I Bhd.............................................. 2,226,500 375,147 # IJM Land Bhd....................................... 3,194,400 3,138,472 # IJM Plantations Bhd................................ 1,742,700 1,676,291 # Inari Amertron Bhd................................. 280,100 220,583 Inch Kenneth Kajang Rubber......................... 1,045,300 212,787 # Insas Bhd.......................................... 4,478,281 988,866 Integrax Bhd....................................... 191,900 150,372 * Iris Corp. Bhd..................................... 9,726,800 904,662 * Iskandar Waterfront City Bhd....................... 3,000,600 1,137,629 * JAKS Resources Bhd................................. 3,430,900 480,002 # Jaya Tiasa Holdings Bhd............................ 2,723,627 1,385,569 JCY International Bhd.............................. 4,366,000 839,200 * K&N Kenanga Holdings Bhd........................... 1,781,560 315,219 * Karambunai Corp. Bhd............................... 4,654,100 82,631 Keck Seng Malaysia Bhd............................. 828,150 1,197,485 Kian JOO CAN Factory Bhd........................... 1,893,880 1,539,393 Kim Loong Resources Bhd............................ 292,760 222,344 Kimlun Corp. Bhd................................... 813,900 290,810 KLCCP Stapled Group................................ 874,200 1,661,471 #* KNM Group Bhd...................................... 11,488,850 1,876,695 # Kossan Rubber Industries........................... 3,543,700 5,086,288 # KPJ Healthcare Bhd................................. 6,458,025 6,981,371 * Kretam Holdings Bhd................................ 3,112,600 395,364 # KSL Holdings Bhd................................... 4,279,132 2,360,778 * KUB Malaysia Bhd................................... 1,353,500 157,629 Kulim Malaysia Bhd................................. 2,845,300 2,381,587 * Kumpulan Europlus Bhd.............................. 406,000 119,600 Kumpulan Fima Bhd.................................. 897,450 490,598 Kumpulan Perangsang Selangor Bhd................... 2,317,900 957,153 1890 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- MALAYSIA -- (Continued).................................. Kwantas Corp. Bhd.................................... 390,200 $ 213,631 Land & General BHD................................... 7,240,100 1,041,822 #* Landmarks Bhd........................................ 1,577,800 450,966 LBS Bina Group Bhd................................... 2,206,100 934,973 Lingkaran Trans Kota Holdings Bhd.................... 999,500 1,038,790 Lion Industries Corp. Bhd............................ 3,189,100 429,344 LPI Capital Bhd...................................... 110,680 628,433 Magnum Bhd........................................... 3,785,200 2,907,559 # Mah Sing Group Bhd................................... 7,764,324 4,075,356 Malayan Flour Mills Bhd.............................. 1,707,450 779,030 # Malaysia Building Society Bhd........................ 615,605 358,764 Malaysia Marine and Heavy Engineering Holdings Bhd... 1,053,000 454,869 Malaysian Bulk Carriers Bhd.......................... 3,379,300 1,318,494 Malaysian Pacific Industries Bhd..................... 562,313 893,089 # Malaysian Resources Corp. Bhd........................ 10,659,249 3,952,572 Malton Bhd........................................... 816,600 187,196 * Mancon Bhd........................................... 12,000 -- # Matrix Concepts Holdings Bhd......................... 1,018,200 769,361 MBM Resources Bhd.................................... 1,364,996 1,185,634 Media Chinese International, Ltd..................... 3,632,300 699,838 Media Prima Bhd...................................... 7,001,103 3,602,424 Mega First Corp. BHD................................. 472,600 306,873 * MEMS Technology Bhd.................................. 1,917,000 -- MK Land Holdings BHD................................. 3,560,800 415,214 # MKH Bhd.............................................. 1,539,890 1,157,815 MNRB Holdings Bhd.................................... 778,600 833,704 * MPHB Capital Bhd..................................... 962,300 565,510 Muda Holdings Bhd.................................... 358,600 155,962 # Mudajaya Group Bhd................................... 1,882,066 838,669 # Muhibbah Engineering M Bhd........................... 3,118,350 1,625,807 #* Mulpha International Bhd............................. 12,935,100 1,263,233 # My EG Services Bhd................................... 5,820,000 4,092,015 Naim Holdings Bhd.................................... 1,382,200 1,139,687 NCB Holdings Bhd..................................... 1,147,200 791,582 * Nikko Electronics Bhd................................ 36,600 -- NTPM Holdings Bhd.................................... 334,100 60,149 Oldtown Bhd.......................................... 1,836,550 832,769 Oriental Holdings Bhd................................ 182,700 354,754 # OSK Holdings Bhd..................................... 5,019,270 2,672,688 Pacific & Orient Bhd................................. 231,100 86,413 # Padini Holdings Bhd.................................. 3,553,600 1,427,781 Panasonic Manufacturing Malaysia Bhd................. 159,584 902,099 * Panglobal Bhd........................................ 14,000 -- Pantech Group Holdings Bhd........................... 1,712,500 341,238 Paramount Corp. Bhd.................................. 387,625 154,764 * Parkson Holdings Bhd................................. 3,428,027 2,340,445 # Perdana Petroleum Bhd................................ 4,471,740 1,398,693 #* Perisai Petroleum Teknologi Bhd...................... 7,311,700 948,330 Pharmaniaga Bhd...................................... 364,060 490,890 Pie Industrial Bhd................................... 174,720 341,220 PJ Development Holdings Bhd.......................... 2,618,500 1,057,281 # Pos Malaysia Bhd..................................... 2,861,100 3,694,617 Power Root Bhd....................................... 109,100 43,433 1891 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- MALAYSIA -- (Continued) Press Metal Bhd.................................... 2,596,600 $1,924,170 # Prestariang Bhd.................................... 2,335,900 1,179,855 * Prime Utilities Bhd................................ 3,000 -- Protasco Bhd....................................... 1,711,100 728,712 * Puncak Niaga Holding Bhd........................... 1,353,220 982,595 # QL Resources Bhd................................... 3,954,330 3,801,750 RCE Capital Bhd.................................... 1,535,850 132,967 * Rimbunan Sawit Bhd................................. 3,389,100 521,954 Salcon Bhd......................................... 5,027,500 896,228 Sarawak Oil Palms Bhd.............................. 471,360 728,160 Sarawak Plantation Bhd............................. 95,300 57,096 Scientex Bhd....................................... 525,862 960,170 * Scomi Energy Services Bhd.......................... 3,824,700 597,494 #* Scomi Group Bhd.................................... 10,047,900 647,818 * Seal, Inc. BHD..................................... 800,900 154,887 SEG International Bhd.............................. 85,100 31,973 Selangor Dredging Bhd.............................. 1,118,200 329,550 Selangor Properties Bhd............................ 180,800 277,950 Shangri-La Hotels Malaysia Bhd..................... 365,900 688,631 * Shell Refining Co. Federation of Malaya Bhd........ 30,000 45,637 * Shin Yang Shipping Corp. Bhd....................... 40,000 4,664 SHL Consolidated Bhd............................... 277,400 231,859 Southern Acids Malaysia Bhd........................ 41,000 44,571 Star Publications Malaysia Bhd..................... 1,789,500 1,255,336 * Subur Tiasa Holdings Bhd........................... 45,375 24,554 Sunway Bhd......................................... 4,010,360 3,673,410 # Supermax Corp. Bhd................................. 5,402,500 3,343,454 Suria Capital Holdings Bhd......................... 715,500 448,613 Syarikat Takaful Malaysia Bhd...................... 454,100 1,480,701 Symphony Life Bhd.................................. 1,071,526 246,803 Ta Ann Holdings Bhd................................ 1,150,508 1,196,921 TA Enterprise Bhd.................................. 9,265,900 1,897,257 TA Global Bhd...................................... 9,407,440 839,329 TAHPS Group Bhd.................................... 4,000 7,369 * Talam Transform Bhd................................ 5,646,800 122,896 Taliworks Corp. Bhd................................ 141,700 85,420 Tambun Indah Land Bhd.............................. 1,618,100 825,489 # TAN Chong Motor Holdings Bhd....................... 1,992,000 1,830,758 * Tanjung Offshore Bhd............................... 2,906,700 341,818 Tasek Corp. Bhd.................................... 75,900 320,426 # TDM Bhd............................................ 7,388,300 1,604,994 #* TH Heavy Engineering Bhd........................... 6,433,100 589,496 # TH Plantations Bhd................................. 1,665,860 731,390 #* Time dotCom Bhd.................................... 1,821,888 2,712,302 Tiong NAM Logistics Holdings....................... 1,927,200 670,283 # Top Glove Corp. Bhd................................ 3,212,160 4,415,098 Tropicana Corp. Bhd................................ 4,108,800 1,186,295 TSH Resources Bhd.................................. 3,817,700 2,357,736 # Tune Ins Holdings Bhd.............................. 2,175,600 1,082,992 Uchi Technologies Bhd.............................. 1,476,400 604,718 Unisem M Bhd....................................... 4,669,690 2,606,421 United Malacca Bhd................................. 396,150 691,354 United Plantations Bhd............................. 481,000 3,245,702 1892 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ------------ MALAYSIA -- (Continued) United U-Li Corp. BHD.............................. 257,900 $ 137,569 UOA Development Bhd................................ 3,373,200 1,951,973 # Uzma Bhd........................................... 677,500 361,707 VS Industry Bhd.................................... 855,326 844,957 # Wah Seong Corp. Bhd................................ 2,471,638 882,213 WCT Holdings Bhd................................... 6,637,861 2,918,427 Wellcall Holdings Bhd.............................. 338,400 167,423 Wing Tai Malaysia Bhd.............................. 724,500 339,281 WTK Holdings Bhd................................... 3,055,600 957,212 # Yinson Holdings BHD................................ 2,156,500 1,684,852 YNH Property Bhd................................... 2,159,885 1,146,227 YTL E-Solutions Bhd................................ 3,485,600 515,748 * YTL Land & Development Bhd......................... 1,352,200 305,517 Zhulian Corp. Bhd.................................. 1,171,233 678,446 ------------ TOTAL MALAYSIA......................................... 231,300,214 ------------ MEXICO -- (3.7%) # Alpek S.A.B. de C.V................................ 1,726,581 1,923,607 #* Alsea S.A.B. de C.V................................ 5,247,081 14,033,522 # Arca Continental S.A.B. de C.V..................... 331,746 1,967,525 #* Axtel S.A.B. de C.V................................ 8,265,993 1,874,938 # Banregio Grupo Financiero S.A.B. de C.V............ 1,587,291 8,225,809 * Bio Pappel S.A.B. de C.V........................... 569,020 854,128 # Bolsa Mexicana de Valores S.A.B. de C.V............ 3,784,064 6,245,555 #* Cia Minera Autlan S.A.B. de C.V. Series B.......... 885,151 897,581 # Compartamos S.A.B. de C.V.......................... 3,957,362 7,516,335 #* Consorcio ARA S.A.B. de C.V. Series *.............. 7,488,137 3,207,168 Controladora Comercial Mexicana S.A.B. de C.V...... 327,677 994,650 * Corp. Actinver S.A.B. de C.V....................... 161,282 172,800 #* Corp. GEO S.A.B. de C.V. Series B.................. 3,194,830 31,948 # Corp. Inmobiliaria Vesta S.A.B. de C.V............. 3,072,087 5,943,529 * Corp. Interamericana de Entretenimiento S.A.B. de C.V. Class B..................................... 960,372 635,891 * Corp. Mexicana de Restaurantes S.A.B. de C.V....... 1,323 553 Corp. Moctezuma S.A.B. de C.V. Series *............ 861,300 2,614,440 Corporativo Fragua S.A.B. de C.V................... 3 44 Corporativo GBM S.A.B. de C.V...................... 22,477 22,193 Cydsa S.A.B. de C.V................................ 3,875 7,238 #* Desarrolladora Homex S.A.B. de C.V................. 781,820 23,455 * Empaques Ponderosa S.A. de C.V..................... 206,000 -- #* Empresas ICA S.A.B. de C.V......................... 3,558,526 3,703,459 #* Empresas ICA S.A.B. de C.V. Sponsored ADR.......... 776,820 3,208,267 * Financiera Independencia S.A.B. de C.V............. 199,935 78,429 #* Genomma Lab Internacional S.A.B. de C.V. Class B... 7,354,004 11,602,935 Gruma S.A.B. de C.V. Class B....................... 1,493,992 15,996,912 Gruma S.A.B. de C.V. Sponsored ADR................. 28,259 1,212,029 #* Grupo Aeromexico S.A.B. de C.V..................... 1,943,278 2,901,402 # Grupo Aeroportuario del Centro Norte S.A.B. de C.V. 1,896,020 8,734,126 # Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADR......................................... 3,642 134,936 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR 74,739 4,963,417 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B.......................................... 2,116,469 13,994,012 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR. 100,208 13,118,229 # Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B.......................................... 724,790 9,506,235 Grupo Cementos de Chihuahua S.A.B. de C.V.......... 822,000 2,056,440 1893 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ MEXICO -- (Continued) # Grupo Comercial Chedraui S.A. de C.V.............. 2,067,492 $ 5,737,861 #* Grupo Famsa S.A.B. de C.V. Class A................ 2,185,621 1,344,369 Grupo Financiero Interacciones S.A. de C.V........ 381,474 2,524,836 # Grupo Herdez S.A.B. de C.V. Series *.............. 1,296,139 2,983,208 Grupo Industrial Maseca S.A.B. de C.V. Class B.... 592,181 821,338 # Grupo Industrial Saltillo S.A.B. de C.V........... 261,700 567,239 # Grupo KUO S.A.B. de C.V. Series B................. 735,052 1,247,031 #* Grupo Pochteca S.A.B. de C.V...................... 547,728 471,011 * Grupo Posadas S.A.B. de C.V....................... 198,900 338,367 * Grupo Qumma S.A. de C.V. Series B................. 105,334 -- # Grupo Sanborns S.A.B. de C.V...................... 225,221 344,679 #* Grupo Simec S.A.B. de C.V. Series B............... 960,646 2,668,621 #* Grupo Simec S.A.B. de C.V. Sponsored ADR.......... 5,180 42,683 #* Grupo Sports World S.A.B. de C.V.................. 402,728 695,864 Industrias Bachoco S.A.B. de C.V. ADR............. 27,729 1,354,284 # Industrias Bachoco S.A.B. de C.V. Series B........ 755,396 3,099,293 #* Industrias CH S.A.B. de C.V. Series B............. 1,696,510 6,960,563 #* Maxcom Telecomunicaciones S.A.B. de C.V........... 4,234,853 579,169 # Megacable Holdings S.A.B. de C.V.................. 839,855 3,056,972 #* Minera Frisco S.A.B. de C.V....................... 45,547 60,103 #* OHL Mexico S.A.B. de C.V.......................... 402,067 763,121 # Organizacion Cultiba S.A.B. de C.V................ 965,623 1,144,099 * Promotora y Operadora de Infraestructura S.A.B. de C.V.......................................... 1,366,417 15,341,938 # Qualitas Controladora S.A.B. de C.V............... 573,995 1,110,501 * Rassini S.A.B. de C.V............................. 90,235 339,401 * Sanluis Corp. S.A.B. de C.V....................... 4,642 -- * Sanluis Corp. S.A.B. de C.V. Class B.............. 4,642 -- * Sanluis Rassini S.A.P.I. de C.V. Series A......... 3,300 -- * Savia SA Class A.................................. 610,700 -- TV Azteca S.A.B. de C.V........................... 9,448,925 3,782,218 #* Urbi Desarrollos Urbanos S.A.B. de C.V............ 2,371,991 712 #* Vitro S.A.B. de C.V. Series A..................... 791,268 1,752,567 ------------ TOTAL MEXICO.......................................... 207,535,785 ------------ PHILIPPINES -- (1.6%) A Soriano Corp.................................... 3,430,211 548,272 Alsons Consolidated Resources, Inc................ 8,261,000 377,880 Atlas Consolidated Mining & Development........... 5,482,400 1,168,488 Belle Corp........................................ 35,450,400 3,690,222 Cebu Air, Inc..................................... 1,781,640 3,823,533 Cebu Holdings, Inc................................ 3,291,900 379,318 Century Properties Group, Inc..................... 25,761,151 573,164 China Banking Corp................................ 972,061 1,035,090 COL Financial Group, Inc.......................... 130,900 47,370 Cosco Capital, Inc................................ 3,648,900 742,035 D&L Industries, Inc............................... 10,482,100 4,028,464 * East West Banking Corp............................ 1,018,300 610,635 EEI Corp.......................................... 3,567,700 889,394 * Empire East Land Holdings, Inc.................... 20,479,000 422,008 Filinvest Development Corp........................ 3,314,322 337,061 Filinvest Land, Inc............................... 101,902,577 3,873,606 First Gen Corp.................................... 10,870,700 7,659,014 First Philippine Holdings Corp.................... 2,306,670 5,161,329 1894 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- PHILIPPINES -- (Continued) Leisure & Resorts World Corp....................... 3,855,640 $ 906,042 * Lepanto Consolidated Mining Co..................... 45,665,455 280,772 Lopez Holdings Corp................................ 17,131,000 2,886,034 Manila Water Co., Inc.............................. 7,663,600 5,624,810 * Megawide Construction Corp......................... 2,050,108 385,137 Megaworld Corp..................................... 4,205,300 493,210 * Metro Pacific Corp. Series A....................... 1,827,193 -- * Pepsi-Cola Products Philippines, Inc............... 11,267,900 1,018,833 Petron Corp........................................ 4,289,400 885,265 * Philex Petroleum Corp.............................. 287,100 33,624 * Philippine Bank of Communications.................. 14,726 10,571 * Philippine National Bank........................... 1,614,675 3,076,798 * Philippine National Construction Corp.............. 173,000 3,606 Philippine Savings Bank............................ 356,863 813,196 Philippine Stock Exchange, Inc. (The).............. 114,472 920,070 * Philippine Townships, Inc.......................... 318,732 -- * Philtown Properties, Inc........................... 111,562 -- Philweb Corp....................................... 3,113,640 884,024 Phinma Corp........................................ 135,549 31,306 Phoenix Petroleum Philippines, Inc................. 892,880 73,243 Puregold Price Club, Inc........................... 2,490,200 2,367,095 RFM Corp........................................... 8,845,668 1,204,483 Rizal Commercial Banking Corp...................... 2,933,980 3,161,452 Robinsons Land Corp................................ 12,110,305 7,622,346 San Miguel Pure Foods Co., Inc..................... 83,210 384,396 Security Bank Corp................................. 1,786,848 6,147,846 Semirara Mining and Power Corp..................... 882,560 2,937,196 Trans-Asia Oil & Energy Development Corp........... 13,865,000 732,655 Union Bank of the Philippines...................... 1,263,751 2,055,979 * Universal Rightfield Property Holdings, Inc........ 1,062,000 -- Universal Robina Corp.............................. 356,235 1,671,305 * Victorias Milling Co., Inc......................... 231,600 25,194 Vista Land & Lifescapes, Inc....................... 39,834,000 6,211,657 ----------- TOTAL PHILIPPINES...................................... 88,215,028 ----------- POLAND -- (1.7%) ABC Data SA........................................ 129,926 120,698 Action SA.......................................... 19,311 255,617 * Agora SA........................................... 260,754 642,676 * Alchemia SA........................................ 133,206 179,752 * Alior Bank SA...................................... 30,455 704,553 Amica Wronki SA.................................... 13,504 391,198 * AmRest Holdings SE................................. 59,512 1,846,928 Apator SA.......................................... 54,682 520,011 # Asseco Poland SA................................... 656,782 9,729,472 ATM SA............................................. 64,541 194,642 * Bioton SA.......................................... 510,402 561,273 #* Boryszew SA........................................ 1,238,906 1,922,829 Budimex SA......................................... 111,059 4,632,760 # CCC SA............................................. 129,831 5,388,540 #* CD Projekt SA...................................... 727,757 3,173,397 Ciech SA........................................... 295,749 3,954,589 ComArch SA......................................... 3,347 95,804 1895 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- POLAND -- (Continued) Dom Development SA............................... 4,673 $ 60,982 * Echo Investment SA............................... 41,326 73,555 Eko Export SA.................................... 46,236 307,996 Elektrobudowa SA................................. 8,568 188,730 Emperia Holding SA............................... 85,061 1,238,758 Eurocash SA...................................... 199,667 1,981,513 Fabryki Mebli Forte SA........................... 115,033 1,637,673 Famur SA......................................... 350,412 312,115 * Farmacol SA...................................... 50,868 725,052 Firma Oponiarska Debica SA....................... 30,655 741,857 * Getin Holding SA................................. 2,582,004 1,363,638 * Global City Holdings NV.......................... 53,690 611,924 Grupa Azoty SA................................... 88,568 1,693,680 Grupa Azoty Zaklady Chemiczne Police SA.......... 76,751 418,327 Grupa Kety SA.................................... 55,386 4,106,717 * Grupa Lotos SA................................... 946,054 6,220,918 * Hawe SA.......................................... 846,548 428,343 * Impexmetal SA.................................... 925,041 660,207 #* Integer.pl SA.................................... 19,627 886,653 Inter Cars SA.................................... 23,846 1,380,319 #* Jastrzebska Spolka Weglowa SA.................... 157,382 899,051 * Kernel Holding SA................................ 352,704 2,962,199 * Kopex SA......................................... 214,308 624,313 * KRUK SA.......................................... 51,729 1,604,502 * LC Corp. SA...................................... 192,664 95,679 Lentex SA........................................ 173,375 404,175 LPP SA........................................... 486 982,995 Lubelski Wegiel Bogdanka SA...................... 274,756 7,209,115 * MCI Management SA................................ 225,220 663,678 #* Midas SA......................................... 2,339,487 359,393 * Mostostal Zabrze SA.............................. 453,910 269,098 # Netia SA......................................... 2,319,888 3,742,813 Neuca SA......................................... 16,968 1,205,400 Orbis SA......................................... 132,247 1,521,362 Pelion SA........................................ 47,515 1,080,402 * Pfleiderer Grajewo SA............................ 26,312 205,793 * Polimex-Mostostal SA............................. 3,287,314 79,881 * Polnord SA....................................... 227,279 444,714 * Polski Koncern Miesny Duda SA.................... 69,986 137,130 * Rafako SA........................................ 320,028 504,577 * Stalexport Autostrady SA......................... 282,703 210,012 Stalprodukt SA................................... 9,296 884,591 * Sygnity SA....................................... 54,489 204,376 # Synthos SA....................................... 869,846 1,008,004 #* Trakcja SA....................................... 325,238 810,573 * TVN SA........................................... 1,294,646 6,182,092 * Vistula Group SA................................. 967,324 525,538 Warsaw Stock Exchange............................ 171,071 2,136,419 Wawel SA......................................... 646 170,726 1896 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- POLAND -- (Continued) # Zespol Elektrowni Patnow Adamow Konin SA........... 56,520 $ 420,633 ----------- 96,902,930 TOTAL POLAND........................................... ----------- SOUTH AFRICA -- (7.9%) #* Adcock Ingram Holdings, Ltd........................ 994,096 3,674,278 Adcorp Holdings, Ltd............................... 705,916 2,004,558 Advtech, Ltd....................................... 2,303,004 1,812,377 Aeci, Ltd.......................................... 913,960 9,781,677 # African Bank Investments, Ltd...................... 5,287,877 105,576 African Oxygen, Ltd................................ 853,971 1,024,102 African Rainbow Minerals, Ltd...................... 63,183 635,394 Allied Electronics Corp., Ltd...................... 194,270 293,770 * ArcelorMittal South Africa, Ltd.................... 1,402,945 2,978,621 Assore, Ltd........................................ 34,680 476,154 # Astral Foods, Ltd.................................. 336,669 5,683,587 #* Aveng, Ltd......................................... 3,947,299 6,051,637 AVI, Ltd........................................... 2,884,712 20,904,348 Barloworld, Ltd.................................... 1,463,199 11,040,570 * Basil Read Holdings, Ltd........................... 212,454 82,537 * Bell Equipment, Ltd................................ 8,132 6,622 Blue Label Telecoms, Ltd........................... 3,010,829 2,183,573 * Brait SE........................................... 435,549 2,876,939 Business Connexion Group, Ltd...................... 1,486,408 784,047 Capitec Bank Holdings, Ltd......................... 238,749 7,827,660 Cashbuild, Ltd..................................... 186,992 2,983,371 Caxton and CTP Publishers and Printers, Ltd........ 305,099 400,356 City Lodge Hotels, Ltd............................. 285,726 3,093,108 # Clicks Group, Ltd.................................. 2,503,733 19,350,428 Clover Industries, Ltd............................. 983,346 1,601,456 * Consolidated Infrastructure Group, Ltd............. 520,263 1,174,386 Coronation Fund Managers, Ltd...................... 1,346,747 11,918,820 * Corpgro, Ltd....................................... 241,136 -- Cullinan Holdings, Ltd............................. 197,115 39,221 Datacentrix Holdings, Ltd.......................... 219,279 65,195 DataTec, Ltd....................................... 1,746,896 8,793,672 Distell Group, Ltd................................. 234,978 2,896,838 Distribution and Warehousing Network, Ltd.......... 258,997 151,125 DRDGOLD, Ltd....................................... 2,843,973 650,520 EOH Holdings, Ltd.................................. 850,309 8,798,526 * Eqstra Holdings, Ltd............................... 1,879,251 511,793 * Evraz Highveld Steel and Vanadium, Ltd............. 63,126 17,292 # Famous Brands, Ltd................................. 511,629 4,859,546 Foschini Group, Ltd. (The)......................... 1,310,636 18,791,349 Grand Parade Investments, Ltd...................... 2,625,644 1,417,125 Grindrod, Ltd...................................... 4,199,887 6,545,766 Group Five, Ltd.................................... 952,211 2,155,070 * Harmony Gold Mining Co., Ltd....................... 601,700 1,809,463 #* Harmony Gold Mining Co., Ltd. Sponsored ADR........ 2,826,385 8,761,794 Holdsport, Ltd..................................... 120,057 515,921 * Howden Africa Holdings, Ltd........................ 9,069 33,339 Hudaco Industries, Ltd............................. 230,612 2,326,269 * Hulamin, Ltd....................................... 1,003,453 761,508 Iliad Africa, Ltd.................................. 233,033 169,950 1897 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ------------ SOUTH AFRICA -- (Continued) Illovo Sugar, Ltd................................ 1,818,723 $ 3,757,610 # Invicta Holdings, Ltd............................ 142,559 928,379 * JCI, Ltd......................................... 3,131,151 -- #* JD Group, Ltd.................................... 1,277,054 2,757,428 JSE, Ltd......................................... 736,085 7,719,331 KAP Industrial Holdings, Ltd..................... 3,195,582 1,391,580 # Lewis Group, Ltd................................. 970,759 7,565,215 Massmart Holdings, Ltd........................... 55,623 791,700 Merafe Resources, Ltd............................ 10,787,086 856,147 Metair Investments, Ltd.......................... 1,017,726 2,834,813 Mpact, Ltd....................................... 1,313,048 4,011,467 Murray & Roberts Holdings, Ltd................... 3,556,746 6,000,916 Mustek, Ltd...................................... 740,975 468,937 Nampak, Ltd...................................... 2,719,764 9,914,995 * Northam Platinum, Ltd............................ 2,875,817 9,471,055 Nu-World Holdings, Ltd........................... 28,894 58,586 Oceana Group, Ltd................................ 369,193 3,399,971 * Octodec Investments, Ltd......................... -- -- Omnia Holdings, Ltd.............................. 592,991 8,692,185 Peregrine Holdings, Ltd.......................... 1,361,984 2,834,317 Petmin, Ltd...................................... 1,215,428 140,621 Pick n Pay Stores, Ltd........................... 1,369,842 6,751,923 #* Pinnacle Holdings, Ltd........................... 1,141,564 1,062,221 Pioneer Foods, Ltd............................... 738,246 9,621,055 PPC, Ltd......................................... 4,832,541 8,855,701 # PSG Group, Ltd................................... 825,444 9,391,363 * Quantum Foods Holdings, Ltd...................... 714,130 240,603 Raubex Group, Ltd................................ 1,035,008 1,809,261 RCL Foods, Ltd................................... 497,787 761,383 # Reunert, Ltd..................................... 1,521,578 8,166,082 * Royal Bafokeng Platinum, Ltd..................... 478,587 2,204,648 Santam, Ltd...................................... 127,218 2,489,910 * Sappi, Ltd....................................... 4,967,939 20,397,299 Sibanye Gold, Ltd................................ 4,294,147 11,610,919 Sibanye Gold, Ltd. Sponsored ADR................. 611,009 6,806,640 Spar Group, Ltd. (The)........................... 1,360,627 21,463,584 Spur Corp., Ltd.................................. 580,548 1,985,655 * Stefanutti Stocks Holdings, Ltd.................. 524,569 229,969 Sun International, Ltd........................... 931,738 10,369,181 * Super Group, Ltd................................. 2,773,630 8,156,797 * Telkom SA SOC, Ltd............................... 2,411,246 14,409,458 Times Media Group, Ltd........................... 82,884 146,578 Tongaat Hulett, Ltd.............................. 872,386 11,965,483 Trencor, Ltd..................................... 1,108,355 6,689,130 Truworths International, Ltd..................... 56,331 390,090 Tsogo Sun Holdings, Ltd.......................... 143,973 339,105 Value Group, Ltd................................. 303,978 121,973 Wilson Bayly Holmes-Ovcon, Ltd................... 461,692 4,784,046 Zeder Investments, Ltd........................... 4,089,733 2,746,467 ------------ TOTAL SOUTH AFRICA................................... 438,383,011 ------------ SOUTH KOREA -- (13.7%) #* 3S Korea Co., Ltd................................ 15,208 48,186 1898 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Able C&C Co., Ltd.................................. 61,501 $1,228,730 #* Actoz Soft Co., Ltd................................ 29,003 993,542 #* Advanced Nano Products Co., Ltd.................... 15,848 212,064 #* Advanced Process Systems Corp...................... 124,621 696,524 # Aekyung Petrochemical Co., Ltd..................... 7,351 453,020 # AfreecaTV Co., Ltd................................. 62,315 1,615,697 # Agabang&Company.................................... 159,566 1,103,913 # Ahn-Gook Pharmaceutical Co., Ltd................... 34,641 409,115 # Ahnlab, Inc........................................ 12,042 495,458 #* AJ Rent A Car Co., Ltd............................. 84,730 1,276,477 # AK Holdings, Inc................................... 14,568 1,349,999 #* Aminologics Co., Ltd............................... 36,345 42,132 #* Amotech Co., Ltd................................... 53,135 844,527 * Anam Electronics Co., Ltd.......................... 112,430 83,781 Anapass, Inc....................................... 49,826 610,386 Asia Cement Co., Ltd............................... 1,412 154,257 ASIA Holdings Co., Ltd............................. 13,705 1,786,306 # Asia Paper Manufacturing Co., Ltd.................. 33,401 731,377 * Asiana Airlines, Inc............................... 595,701 4,707,726 AtlasBX Co., Ltd................................... 41,142 1,607,161 * AUK Corp........................................... 199,140 313,402 # Autech Corp........................................ 52,319 291,344 * Avaco Co., Ltd..................................... 44,746 158,220 # Baiksan Co., Ltd................................... 58,310 208,897 # Basic House Co., Ltd. (The)........................ 44,309 667,172 #* BH Co., Ltd........................................ 71,979 579,655 # BHI Co., Ltd....................................... 26,142 253,908 # Binggrae Co., Ltd.................................. 29,924 2,028,943 # Bioland, Ltd....................................... 50,551 1,127,165 * Biotoxtech Co., Ltd................................ 5,960 18,658 # Bluecom Co., Ltd................................... 58,856 675,332 * Bongshin Co., Ltd.................................. 2 -- Bookook Securities Co., Ltd........................ 7,410 113,904 #* Boryung Medience Co., Ltd.......................... 29,179 224,902 # Boryung Pharmaceutical Co., Ltd.................... 26,073 1,056,328 Bukwang Pharmaceutical Co., Ltd.................... 96,625 1,802,658 BYC Co., Ltd....................................... 710 170,428 # Byucksan Corp...................................... 209,703 1,215,579 # CammSys Corp....................................... 176,838 306,656 #* Capro Corp......................................... 153,464 472,740 #* Celltrion Pharm, Inc............................... 71,366 753,567 #* Chabiotech Co., Ltd................................ 151,361 1,942,332 * Chadiostech Co., Ltd............................... 57,057 161,173 #* Charm Engineering Co., Ltd......................... 42,800 55,966 # Chemtronics Co., Ltd............................... 51,101 519,080 #* Chin Hung International, Inc....................... 106,852 136,729 #* China Great Star International, Ltd................ 370,481 993,758 #* China Ocean Resources Co., Ltd..................... 457,275 2,002,230 #* Choa Pharmaceutical Co............................. 53,419 174,380 Chokwang Paint, Ltd................................ 41,364 510,258 # Chong Kun Dang Pharmaceutical Corp................. 34,126 1,736,693 Chongkundang Holdings Corp......................... 16,130 872,090 # Choong Ang Vaccine Laboratory...................... 23,858 319,133 1899 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) Chosun Refractories Co., Ltd....................... 4,900 $ 487,732 # Chungdahm Learning, Inc............................ 17,619 180,516 # CJ CGV Co., Ltd.................................... 70,795 3,936,058 * CJ E&M Corp........................................ 123,766 4,286,822 #* CJ Freshway Corp................................... 14,500 632,457 #* CJ Korea Express Co., Ltd.......................... 12,269 2,148,720 CJ O Shopping Co., Ltd............................. 9,634 1,949,701 #* CJ Seafood Corp.................................... 91,710 212,448 # CKD Bio Corp....................................... 27,058 567,029 #* CNK International Co., Ltd......................... 59,774 70,714 #* Com2uSCorp......................................... 38,391 6,190,220 # Cosmax BTI, Inc.................................... 90,252 3,814,171 #* CosmoAM&T Co., Ltd................................. 51,209 166,992 #* Cosmochemical Co., Ltd............................. 52,090 230,940 # Credu Corp......................................... 11,472 549,113 Crown Confectionery Co., Ltd....................... 3,864 825,163 #* CTC BIO, Inc....................................... 60,779 979,921 #* CUROCOM Co., Ltd................................... 182,360 184,066 #* D.I Corp........................................... 145,220 935,062 #* D.ID Corp.......................................... 68,169 105,165 Dae Dong Industrial Co., Ltd....................... 60,958 575,669 Dae Han Flour Mills Co., Ltd....................... 6,486 982,122 # Dae Hyun Co., Ltd.................................. 184,373 445,845 Dae Won Kang Up Co., Ltd........................... 115,802 659,703 #* Dae Young Packaging Co., Ltd....................... 355,967 321,976 # Dae-Il Corp........................................ 81,189 346,248 #* Daea TI Co., Ltd................................... 367,219 490,638 #* Daechang Co., Ltd.................................. 319,448 249,340 Daechang Forging Co., Ltd.......................... 1,367 52,181 # Daeduck Electronics Co............................. 212,245 1,798,283 # Daeduck GDS Co., Ltd............................... 112,119 1,290,440 # Daegu Department Store............................. 27,282 388,907 #* Daehan New Pharm Co., Ltd.......................... 15,366 227,080 # Daehan Steel Co., Ltd.............................. 79,022 394,936 * Daeho International Corp........................... 543 -- Daehwa Pharmaceutical Co., Ltd..................... 66,915 518,149 Daekyo Co., Ltd.................................... 72,780 461,626 #* Daekyung Machinery & Engineering Co., Ltd.......... 139,260 203,077 # Daesang Corp....................................... 122,159 4,233,939 # Daesang Holdings Co., Ltd.......................... 75,190 1,192,973 # Daesung Holdings Co., Ltd.......................... 25,502 223,647 Daewon Pharmaceutical Co., Ltd..................... 58,239 897,785 Daewon San Up Co., Ltd............................. 49,261 422,730 Daewoong Co., Ltd.................................. 6,217 246,088 Daewoong Pharmaceutical Co., Ltd................... 25,628 1,447,616 * Dahaam E-Tec Co., Ltd.............................. 2,100 6,481 Daishin Securities Co., Ltd........................ 234,027 1,955,986 #* Danal Co., Ltd..................................... 4,730 42,382 # Daou Data Corp..................................... 57,148 580,078 # Daou Technology, Inc............................... 167,950 2,236,503 #* Dasan Networks, Inc................................ 108,371 720,780 # Daum Kakao Corp.................................... 55,806 7,753,364 # Dawonsys Co., Ltd.................................. 48,948 687,791 1900 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) # Dayou Automotive Seat Technology Co., Ltd.......... 315,450 $ 450,420 # DCM Corp........................................... 32,006 470,550 #* Deutsch Motors, Inc................................ 57,548 224,409 DGB Financial Group, Inc........................... 1,001,145 9,601,112 Digital Chosun Co., Ltd............................ 4,745 19,344 # Digital Power Communications Co., Ltd.............. 162,963 622,764 #* DIO Corp........................................... 66,510 497,382 Dong Ah Tire & Rubber Co., Ltd..................... 29,151 502,446 #* Dong Yang Gang Chul Co., Ltd....................... 175,639 679,932 # Dong-A Socio Holdings Co., Ltd..................... 14,293 1,635,668 # Dong-Ah Geological Engineering Co., Ltd............ 30,200 205,736 Dong-Il Corp....................................... 3,655 240,367 # Dongaone Co., Ltd.................................. 111,180 323,598 # Dongbang Transport Logistics Co., Ltd.............. 75,370 141,633 * Dongbu CNI Co., Ltd................................ 20,390 48,604 #* Dongbu Corp........................................ 50,557 30,937 #* Dongbu HiTek Co., Ltd.............................. 166,849 762,979 * Dongbu Securities Co., Ltd......................... 192,029 700,649 #* Dongbu Steel Co., Ltd.............................. 186,131 269,454 Dongil Industries Co., Ltd......................... 6,523 393,656 # Dongjin Semichem Co., Ltd.......................... 144,206 495,047 * Dongkook Industrial Co., Ltd....................... 124,790 294,319 # DongKook Pharmaceutical Co., Ltd................... 31,159 1,145,712 Dongkuk Industries Co., Ltd........................ 91,860 296,120 # Dongkuk Steel Mill Co., Ltd........................ 388,492 1,977,147 # Dongkuk Structure & Construction Co., Ltd.......... 159,549 469,672 Dongsuh Co., Inc................................... 28,699 606,931 # Dongsung Chemical Co., Ltd......................... 8,700 126,953 # Dongsung Holdings Co., Ltd......................... 135,237 899,718 # Dongsung Pharmaceutical Co., Ltd................... 95,567 389,154 * Dongwha Enterprise Co., Ltd........................ 5,538 106,800 # Dongwha Pharm Co., Ltd............................. 132,021 718,269 Dongwon F&B Co., Ltd............................... 6,814 2,041,411 # Dongwon Industries Co., Ltd........................ 6,821 2,016,317 #* Dongwon Systems Corp............................... 5,977 127,643 * Dongwoo Co., Ltd................................... 58,857 197,680 Dongyang E&P, Inc.................................. 35,068 414,924 #* Doosan Engine Co., Ltd............................. 180,632 1,292,672 #* Doosan Engineering & Construction Co., Ltd......... 24,154 199,941 * Doosan Infracore Co., Ltd.......................... 113,280 1,048,825 #* Dragonfly GF Co., Ltd.............................. 41,878 402,007 DRB Holding Co., Ltd............................... 59,548 653,470 #* Duksan Hi-Metal Co., Ltd........................... 85,587 872,618 # DuzonBIzon Co., Ltd................................ 124,375 1,261,592 DY Corp............................................ 96,814 588,523 * DY POWER Corp...................................... 51,834 514,260 # e Tec E&C, Ltd..................................... 4,675 582,983 # e-LITECOM Co., Ltd................................. 48,416 661,067 #* e-Starco Co., Ltd.................................. 153,747 338,523 E1 Corp............................................ 15,150 874,986 # Eagon Industries Co., Ltd.......................... 37,395 531,927 # Easy Bio, Inc...................................... 217,586 1,130,345 * Ecopro Co., Ltd.................................... 71,721 522,196 1901 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # EG Corp............................................ 30,118 $ 466,344 #* ELK Corp........................................... 106,470 464,136 #* EMKOREA Co., Ltd................................... 22,942 104,451 # ENF Technology Co., Ltd............................ 46,783 350,561 # Eo Technics Co., Ltd............................... 45,957 5,378,476 # Estechpharma Co., Ltd.............................. 52,820 324,468 #* ESTsoft Corp....................................... 442 18,324 Eugene Corp........................................ 266,913 868,461 * Eugene Investment & Securities Co., Ltd............ 532,610 1,010,357 # Eugene Technology Co., Ltd......................... 94,115 1,222,262 #* Eusu Holdings Co., Ltd............................. 82,998 834,837 # EVERDIGM Corp...................................... 60,355 384,561 F&F Co., Ltd....................................... 1,096 13,642 #* Farmsco............................................ 10,730 129,913 # Fila Korea, Ltd.................................... 54,634 5,469,929 #* Fine Technix Co., Ltd.............................. 84,743 229,045 #* Finetex EnE, Inc................................... 86,393 136,372 # Firstec Co., Ltd................................... 164,190 335,574 #* Flexcom, Inc....................................... 53,658 242,091 #* Foosung Co., Ltd................................... 142,799 395,447 # Fursys, Inc........................................ 14,315 402,161 #* Gamevil, Inc....................................... 9,583 1,599,048 # Gaon Cable Co., Ltd................................ 21,699 494,808 #* GeneOne Life Science, Inc.......................... 22,383 32,441 #* Genexine Co., Ltd.................................. 3,715 217,246 #* Genic Co., Ltd..................................... 24,790 579,702 GIIR, Inc.......................................... 10,990 71,211 Global & Yuasa Battery Co., Ltd.................... 33,277 1,231,616 # Global Display Co., Ltd............................ 78,272 453,930 #* GNCO Co., Ltd...................................... 270,836 288,463 Golfzon Co., Ltd................................... 93,414 2,126,334 # Grand Korea Leisure Co., Ltd....................... 121,442 4,419,312 # Green Cross Corp................................... 33,326 4,222,077 Green Cross Holdings Corp.......................... 128,095 2,556,925 * Green Non-Life Insurance Co., Ltd.................. 22,357 -- #* GS Engineering & Construction Corp................. 251,159 5,708,824 # GS Global Corp..................................... 69,887 498,578 GS Home Shopping, Inc.............................. 12,925 2,492,033 # GS retail Co., Ltd................................. 151,969 3,613,112 # Gwangju Shinsegae Co., Ltd......................... 3,400 971,367 # Haesung Industrial Co., Ltd........................ 11,193 230,474 #* Halla Corp......................................... 108,801 616,674 # Halla Holdings Corp................................ 39,848 2,294,396 Halla Visteon Climate Control Corp................. 51,040 2,148,590 # Han Kuk Carbon Co., Ltd............................ 212,577 1,091,374 #* Hana Micron, Inc................................... 102,657 1,016,382 # Hana Tour Service, Inc............................. 51,816 4,035,609 #* Hanall Biopharma Co., Ltd.......................... 92,648 340,506 Hancom, Inc........................................ 89,899 1,663,834 # Handok, Inc........................................ 29,047 560,377 # Handsome Co., Ltd.................................. 83,728 2,348,747 Hanil Cement Co., Ltd.............................. 20,147 3,033,205 #* Hanjin Heavy Industries & Construction Co., Ltd.... 405,499 1,437,889 1902 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Hanjin Heavy Industries & Construction Holdings Co., Ltd......................................... 80,766 $ 504,438 #* Hanjin Kal Corp.................................... 230,247 6,819,124 #* Hanjin P&C Co., Ltd................................ 110,818 170,379 * Hanjin Shipping Co., Ltd........................... -- 1 # Hanjin Transportation Co., Ltd..................... 56,414 3,266,526 Hankook Shell Oil Co., Ltd......................... 3,614 1,646,963 * Hankook Synthetics, Inc............................ 550 -- * Hankuk Glass Industries, Inc....................... 11,460 260,388 Hankuk Paper Manufacturing Co., Ltd................ 12,824 360,865 #* Hanmi Pharm Co., Ltd............................... 35,574 3,169,250 #* Hanmi Science Co., Ltd............................. 58,387 800,100 # Hanmi Semiconductor Co., Ltd....................... 55,466 872,636 # Hansae Co., Ltd.................................... 100,367 3,483,873 Hansae Yes24 Holdings Co., Ltd..................... 60,141 652,179 # Hanshin Construction............................... 16,912 215,376 # Hansol Chemical Co., Ltd........................... 51,329 2,358,015 Hansol Holdings Co., Ltd........................... 162,702 1,173,482 #* Hansol HomeDeco Co., Ltd........................... 362,991 484,688 # Hansol Logistics Co., Ltd.......................... 237,664 496,142 * Hansol Paper Co., Ltd.............................. 99,326 1,775,618 #* Hansol Technics Co., Ltd........................... 112,938 1,402,537 # Hanssem Co., Ltd................................... 43,605 6,119,608 # Hanwha Chemical Corp............................... 106,197 1,188,188 Hanwha Corp........................................ 245,170 6,116,632 # Hanwha Galleria Timeworld Co., Ltd................. 11,653 708,507 #* Hanwha General Insurance Co., Ltd.................. 173,490 664,277 * Hanwha Investment & Securities Co., Ltd............ 368,771 1,336,374 Hanyang Eng Co., Ltd............................... 63,549 433,806 Hanyang Securities Co., Ltd........................ 18,538 125,289 #* Harim Co., Ltd..................................... 179,090 692,921 * Harim Holdings Co., Ltd............................ 171,501 777,187 # Heung-A Shipping Co., Ltd.......................... 583,317 1,486,169 * Heungkuk Fire & Marine Insurance Co., Ltd.......... 92,139 338,273 # High Tech Pharm Co., Ltd........................... 28,464 347,871 # Hite Jinro Co., Ltd................................ 172,218 3,627,852 Hitejinro Holdings Co., Ltd........................ 49,775 524,210 * HMC Investment Securities Co., Ltd................. 108,200 1,010,663 HS R&A Co., Ltd.................................... 23,158 632,990 # Huchems Fine Chemical Corp......................... 109,178 2,635,558 Humax Co., Ltd..................................... 107,106 1,598,890 # Huons Co., Ltd..................................... 38,303 2,045,190 # Husteel Co., Ltd................................... 23,193 369,894 # Huvis Corp......................................... 97,217 1,013,955 # Huvitz Co., Ltd.................................... 39,094 581,380 # Hwa Shin Co., Ltd.................................. 111,019 703,726 Hwacheon Machine Tool Co., Ltd..................... 4,979 295,559 HwaSung Industrial Co., Ltd........................ 53,066 659,930 # Hy-Lok Corp........................................ 42,744 1,076,967 # Hyosung Corp....................................... 121,019 7,985,954 * Hyundai BNG Steel Co., Ltd......................... 58,986 788,475 # Hyundai Corp....................................... 60,106 1,499,644 Hyundai Development Co............................. 190,271 7,443,078 #* Hyundai Elevator Co., Ltd.......................... 64,859 3,849,374 1903 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Hyundai Engineering Plastics Co., Ltd.................. 97,720 $ 787,630 # Hyundai Greenfood Co., Ltd............................. 271,752 4,286,201 Hyundai Home Shopping Network Corp..................... 34,705 3,796,823 Hyundai Hy Communications & Networks Co., Ltd.......... 173,909 688,987 # Hyundai Hysco Co., Ltd................................. 43,846 3,068,708 # Hyundai Livart Furniture Co., Ltd...................... 61,321 1,916,943 Hyundai Marine & Fire Insurance Co., Ltd............... 27,130 645,647 #* Hyundai Merchant Marine Co., Ltd....................... 12,429 115,984 # Hyundai Mipo Dockyard Co., Ltd......................... 2,711 190,255 #* Hyundai Securities Co., Ltd............................ 671,632 4,575,550 #* Hyunjin Materials Co., Ltd............................. 76,293 242,684 # HyVision System, Inc................................... 45,692 378,007 # ICD Co., Ltd........................................... 84,572 585,154 # Il Dong Pharmaceutical Co., Ltd........................ 62,230 952,260 # Iljin Display Co., Ltd................................. 21,141 126,922 # Iljin Electric Co., Ltd................................ 122,569 1,002,550 # Iljin Holdings Co., Ltd................................ 132,799 809,864 #* Iljin Materials Co., Ltd............................... 91,522 613,305 Ilshin Spinning Co., Ltd............................... 7,762 1,191,255 # Ilsung Pharmaceuticals Co., Ltd........................ 2,864 293,379 #* IM Co., Ltd............................................ 65,996 219,260 # iMarketKorea, Inc...................................... 90,333 2,255,054 # InBody Co., Ltd........................................ 58,689 2,059,846 #* Infinitt Healthcare Co., Ltd........................... 8,517 55,991 #* Infopia Co., Ltd....................................... 36,952 452,934 #* Infraware, Inc......................................... 103,254 681,222 #* InkTec Co., Ltd........................................ 38,881 381,793 # Innochips Technology, Inc.............................. 31,294 433,887 #* InnoWireless, Inc...................................... 21,995 266,440 #* Innox Corp............................................. 63,904 919,101 #* Insun ENT Co., Ltd..................................... 163,120 641,302 Intelligent Digital Integrated Securities Co., Ltd..... 27,431 337,237 #* Interflex Co., Ltd..................................... 56,555 977,301 Intergis Co., Ltd...................................... 5,610 37,718 # Interojo Co., Ltd...................................... 39,961 701,844 # Interpark Corp......................................... 206,989 1,727,140 INTOPS Co., Ltd........................................ 38,470 646,418 # Inzi Controls Co., Ltd................................. 45,990 212,333 INZI Display Co., Ltd.................................. 64,622 107,423 Iones Co., Ltd......................................... 18,073 245,846 #* IS Dongseo Co., Ltd.................................... 52,132 2,785,165 # ISU Chemical Co., Ltd.................................. 65,141 515,647 # IsuPetasys Co., Ltd.................................... 189,204 966,541 # Jahwa Electronics Co., Ltd............................. 73,642 1,001,563 # JB Financial Group Co., Ltd............................ 490,419 2,604,488 * Jcontentree Corp....................................... 162,538 499,906 # Jeil Pharmaceutical Co................................. 38,801 750,177 #* Jeju Semiconductor Corp................................ 33,053 89,993 Jinro Distillers Co., Ltd.............................. 12,752 355,890 # Jinsung T.E.C.......................................... 70,489 337,735 JLS Co., Ltd........................................... 5,579 31,066 # JNK Heaters Co., Ltd................................... 11,537 51,593 * JoyCity Corp........................................... 9,129 208,080 1904 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) #* Joymax Co., Ltd.................................... 21,192 $ 555,970 #* Jusung Engineering Co., Ltd........................ 222,336 811,747 #* JVM Co., Ltd....................................... 18,510 1,000,799 # JW Holdings Co., Ltd............................... 195,463 439,572 # JW Pharmaceutical Corp............................. 57,132 733,409 # JW Shinyak Corp.................................... 5,822 31,029 #* JYP Entertainment Corp............................. 11,644 44,378 # KB Capital Co., Ltd................................ 66,046 1,244,267 KC Cottrell Co., Ltd............................... 28,203 166,537 # KC Green Holdings Co., Ltd......................... 76,743 630,061 # KC Tech Co., Ltd................................... 123,092 863,464 #* KCC Engineering & Construction Co., Ltd............ 30,123 207,451 * KCO Energy, Inc.................................... 120 -- # KCP Co., Ltd....................................... 63,178 1,998,153 #* Keangnam Enterprises, Ltd.......................... 5,833 23,911 #* KEC Corp........................................... 253,309 284,926 # KEPCO Engineering & Construction Co., Inc.......... 15,812 613,341 # Keyang Electric Machinery Co., Ltd................. 156,430 585,080 KG Chemical Corp................................... 43,444 666,214 # Kginicis Co., Ltd.................................. 88,253 1,984,115 # KGMobilians Co., Ltd............................... 67,135 893,006 # KH Vatec Co., Ltd.................................. 69,462 2,566,248 # KISCO Corp......................................... 20,347 592,002 KISCO Holdings Co., Ltd............................ 2,292 98,619 # Kishin Corp........................................ 49,420 321,010 # KISWIRE, Ltd....................................... 39,054 1,442,812 # KIWOOM Securities Co., Ltd......................... 68,819 3,662,184 * KMH Co., Ltd....................................... 51,108 472,324 #* KMW Co., Ltd....................................... 53,185 854,951 # Koentec Co., Ltd................................... 297,857 732,158 # Koh Young Technology, Inc.......................... 63,733 2,764,044 # Kolao Holdings..................................... 131,554 2,028,204 # Kolon Corp......................................... 45,278 934,819 #* Kolon Global Corp.................................. 34,852 255,680 # Kolon Industries, Inc.............................. 107,359 4,553,798 # Kolon Life Science, Inc............................ 26,630 1,066,938 #* Komipharm International Co., Ltd................... 11,873 97,947 # KONA I Co., Ltd.................................... 71,763 2,236,819 Kook Soon Dang Brewery Co., Ltd.................... 67,701 370,077 Korea Airport Service Co., Ltd..................... 934 35,072 * Korea Alcohol Industrial Co., Ltd.................. 42,594 183,255 # Korea Cast Iron Pipe Industries Co., Ltd........... 8,530 42,280 # Korea Circuit Co., Ltd............................. 65,808 759,730 # Korea District Heating Corp........................ 16,897 834,287 Korea Electric Terminal Co., Ltd................... 32,072 1,893,233 Korea Electronic Power Industrial Development Co., Ltd.............................................. 74,881 421,508 Korea Export Packaging Industrial Co., Ltd......... 5,621 117,745 # Korea Flange Co., Ltd.............................. 30,271 447,195 #* Korea Info & Comm.................................. 61,340 497,637 Korea Investment Holdings Co., Ltd................. 124,178 5,852,000 # Korea Kolmar Co., Ltd.............................. 77,481 4,065,842 # Korea Kolmar Holdings Co., Ltd..................... 33,913 1,690,127 #* Korea Line Corp.................................... 64,935 1,300,956 1905 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) Korea Petrochemical Ind Co., Ltd................... 19,034 $1,421,146 # Korea United Pharm, Inc............................ 52,639 737,737 Korean Reinsurance Co.............................. 553,359 5,146,251 # Kortek Corp........................................ 56,343 600,120 # KPF................................................ 42,149 148,681 KPX Chemical Co., Ltd.............................. 6,479 329,745 #* KR Motors Co., Ltd................................. 56,572 54,467 #* KSCB Co., Ltd...................................... 7,972 23,966 * KT Hitel Co., Ltd.................................. 78,557 744,878 KT Skylife Co., Ltd................................ 119,289 1,761,501 #* KTB Investment & Securities Co., Ltd............... 307,884 522,222 Kukdo Chemical Co., Ltd............................ 22,688 964,903 # Kumho Electric Co., Ltd............................ 23,500 477,223 # Kumho Petrochemical Co., Ltd....................... 2,013 163,944 #* Kumho Tire Co., Inc................................ 421,717 3,730,636 # Kumkang Kind Co., Ltd.............................. 16,750 1,037,166 Kunsul Chemical Industrial Co., Ltd................ 23,122 1,153,245 Kwang Dong Pharmaceutical Co., Ltd................. 197,814 1,973,166 #* Kwang Myung Electric Engineering Co., Ltd.......... 223,437 485,238 * Kyeryong Construction Industrial Co., Ltd.......... 25,068 241,802 * Kyobo Securities Co., Ltd.......................... 120,640 1,074,206 # Kyung Dong Navien Co., Ltd......................... 33,704 766,421 # Kyung-In Synthetic Corp............................ 123,588 529,600 Kyungbang, Ltd..................................... 4,520 689,998 Kyungchang Industrial Co., Ltd..................... 71,816 508,286 KyungDong City Gas Co., Ltd........................ 12,684 1,142,363 # Kyungdong Pharm Co., Ltd........................... 38,679 845,039 # L&F Co., Ltd....................................... 52,290 301,547 * LB Semicon, Inc.................................... 164,971 248,513 # LEENO Industrial, Inc.............................. 51,031 1,858,527 # LF Corp............................................ 117,473 3,366,206 # LG Hausys, Ltd..................................... 37,195 6,065,483 # LG Innotek Co., Ltd................................ 28,962 2,566,877 # LG International Corp.............................. 206,725 6,906,579 #* LG Life Sciences, Ltd.............................. 57,740 2,460,760 LIG Insurance Co., Ltd............................. 240,282 5,036,546 # LMS Co., Ltd....................................... 32,869 564,263 # Lock&Lock Co., Ltd................................. 202,888 1,923,456 #* Logistics Energy Korea Co., Ltd.................... 113,943 199,233 Lotte Chilsung Beverage Co., Ltd................... 3,217 4,874,720 Lotte Confectionery Co., Ltd....................... 2,271 3,870,128 # Lotte Food Co., Ltd................................ 3,967 2,243,449 # LOTTE Himart Co., Ltd.............................. 51,069 2,515,279 * Lotte Non-Life Insurance Co., Ltd.................. 156,426 382,478 LS Corp............................................ 50,782 2,225,950 # LS Industrial Systems Co., Ltd..................... 81,575 4,496,148 #* Lumens Co., Ltd.................................... 301,165 1,789,432 Macquarie Korea Infrastructure Fund................ 1,308,075 8,789,369 #* Macrogen, Inc...................................... 28,340 1,435,308 # Maeil Dairy Industry Co., Ltd...................... 40,992 1,203,001 #* Mando Corp......................................... 31,793 4,792,605 # MDS Technology Co., Ltd............................ 12,932 268,169 #* Medifron DBT Co., Ltd.............................. 93,432 216,723 1906 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) #* Medipost Co., Ltd.................................. 3,841 $ 165,181 Medy-Tox, Inc...................................... 23,965 8,052,504 MegaStudy Co., Ltd................................. 26,098 1,419,362 #* Melfas, Inc........................................ 104,886 496,917 # Meritz Financial Group, Inc........................ 163,922 1,451,245 # Meritz Fire & Marine Insurance Co., Ltd............ 360,346 4,008,183 Meritz Securities Co., Ltd......................... 1,043,095 3,651,450 Mi Chang Oil Industrial Co., Ltd................... 2,262 146,651 Mirae Asset Securities Co., Ltd.................... 135,716 5,711,292 #* Mirae Corp......................................... 1,931,820 306,168 Miwon Chemicals Co., Ltd........................... 1,890 60,161 * Miwon Commercial Co., Ltd.......................... 716 106,316 Miwon Specialty Chemical Co., Ltd.................. 1,041 279,698 # MK Electron Co., Ltd............................... 96,243 510,165 #* MNTech Co., Ltd.................................... 107,105 555,177 # Modetour Network, Inc.............................. 62,361 1,570,405 #* Monalisa Co., Ltd.................................. 68,050 174,815 Moorim P&P Co., Ltd................................ 160,953 574,354 Moorim Paper Co., Ltd.............................. 98,440 202,178 # Motonic Corp....................................... 63,819 796,727 * Muhak Co., Ltd..................................... 56,432 1,909,565 Namhae Chemical Corp............................... 146,780 1,179,010 * Namsun Aluminum Co., Ltd........................... 129,275 134,075 # Namyang Dairy Products Co., Ltd.................... 1,390 917,515 #* Neowiz Games Corp.................................. 84,844 1,722,342 * NEOWIZ HOLDINGS Corp............................... 24,844 329,889 #* NEPES Corp......................................... 104,343 899,042 # Nexen Corp......................................... 33,168 2,671,542 # Nexen Tire Corp.................................... 199,158 2,829,557 #* Nexolon Co., Ltd................................... 29,760 8,476 #* Nexon GT Co., Ltd.................................. 77,052 1,002,047 # NICE Holdings Co., Ltd............................. 84,553 1,326,332 NICE Information Service Co., Ltd.................. 201,510 1,174,174 #* NK Co., Ltd........................................ 162,535 631,988 Nong Shim Holdings Co., Ltd........................ 9,337 917,175 # Nong Woo Bio Co., Ltd.............................. 43,785 863,919 # NongShim Co., Ltd.................................. 19,606 4,140,977 Noroo Holdings Co., Ltd............................ 11,728 244,726 NOROO Paint & Coatings Co., Ltd.................... 47,451 426,581 # NPC................................................ 56,060 286,464 # OCI Materials Co., Ltd............................. 35,023 2,057,519 #* OPTRON-TEC, Inc.................................... 86,759 504,343 #* Orientbio, Inc..................................... 458,227 291,430 #* OSANGJAIEL Co., Ltd................................ 36,751 399,437 #* Osstem Implant Co., Ltd............................ 60,174 2,426,145 #* Osung LST Co., Ltd................................. 24,751 14,984 Ottogi Corp........................................ 6,617 3,435,798 #* Paik Kwang Industrial Co., Ltd..................... 85,406 183,993 #* Pan Ocean Co., Ltd................................. 17,111 40,295 # Pan-Pacific Co., Ltd............................... 154,544 895,160 Pang Rim Co., Ltd.................................. 7,301 150,055 #* PaperCorea, Inc.................................... 688,918 456,892 # Partron Co., Ltd................................... 220,943 2,496,923 1907 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) #* Pharmicell Co., Ltd................................ 146,444 $ 427,050 Poongsan Corp...................................... 144,872 2,995,301 # Poongsan Holdings Corp............................. 25,820 914,376 # POSCO Chemtech Co., Ltd............................ 11,177 1,381,029 * POSCO Coated & Color Steel Co., Ltd................ 2,498 31,042 # Posco ICT Co., Ltd................................. 297,041 1,487,389 # Posco M-Tech Co., Ltd.............................. 120,392 302,287 #* Posco Plantec Co., Ltd............................. 21,301 71,938 #* Power Logics Co., Ltd.............................. 153,415 585,366 # PSK, Inc........................................... 58,750 737,506 # Pulmuone Co., Ltd.................................. 6,862 818,187 # Pyeong Hwa Automotive Co., Ltd..................... 68,705 1,059,227 #* Redrover Co., Ltd.................................. 134,133 689,786 # Reyon Pharmaceutical Co., Ltd...................... 23,194 430,327 # RFsemi Technologies, Inc........................... 30,415 211,309 # RFTech Co., Ltd.................................... 48,046 391,621 # Romanson Co., Ltd.................................. 49,559 718,729 #* S&C Engine Group, Ltd.............................. 122,917 264,965 # S&T Corp........................................... 5,003 73,551 S&T Dynamics Co., Ltd.............................. 158,482 1,451,398 # S&T Holdings Co., Ltd.............................. 29,791 534,821 S&T Motiv Co., Ltd................................. 50,410 2,035,088 # S-Energy Co., Ltd.................................. 59,160 421,527 # S-MAC Co., Ltd..................................... 82,037 342,745 # Saeron Automotive Corp............................. 2,640 24,866 #* Sajo Industries Co., Ltd........................... 13,633 556,418 Sam Young Electronics Co., Ltd..................... 63,000 689,599 # Sam Yung Trading Co., Ltd.......................... 54,602 1,162,710 Samchully Co., Ltd................................. 15,646 1,966,906 Samho Development Co., Ltd......................... 75,697 216,309 #* Samho International Co., Ltd....................... 29,154 426,620 # SAMHWA Paints Industrial Co., Ltd.................. 55,658 757,408 # Samick Musical Instruments Co., Ltd................ 382,196 1,504,015 # Samick THK Co., Ltd................................ 46,951 357,467 # Samjin Pharmaceutical Co., Ltd..................... 59,596 1,255,845 # Samkwang Glass..................................... 19,483 1,320,694 # Samlip General Foods Co., Ltd...................... 12,187 2,154,871 # Samsung Fine Chemicals Co., Ltd.................... 123,140 3,831,398 # Samsung Techwin Co., Ltd........................... 177,701 3,704,738 #* SAMT Co., Ltd...................................... 76,958 129,833 # Samyang Foods Co., Ltd............................. 17,230 339,305 Samyang Holdings Corp.............................. 21,745 1,870,125 # Samyang Tongsang Co., Ltd.......................... 9,965 971,988 * Samyoung Chemical Co., Ltd......................... 173,170 238,254 #* Sangbo Corp........................................ 70,530 454,768 #* Sapphire Technology Co., Ltd....................... 42,273 486,826 Satrec Initiative Co., Ltd......................... 9,000 149,258 Savezone I&C Corp.................................. 62,674 350,653 SBS Contents Hub Co., Ltd.......................... 50,267 566,841 # SBS Media Holdings Co., Ltd........................ 277,535 1,134,172 #* SBW................................................ 568,070 526,474 Seah Besteel Corp.................................. 87,900 2,556,569 SeAH Holdings Corp................................. 4,811 643,863 1908 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) SeAH Steel Corp.................................... 17,840 $1,244,927 # Sebang Co., Ltd.................................... 57,074 996,576 #* Seegene, Inc....................................... 58,471 1,742,843 # Sejong Industrial Co., Ltd......................... 70,108 863,976 Sempio Foods Co.................................... 11,122 336,101 #* Seobu T&D.......................................... 71,555 1,105,610 # Seohan Co., Ltd.................................... 245,591 495,567 #* Seohee Construction Co., Ltd....................... 889,273 631,317 # Seoul Semiconductor Co., Ltd....................... 189,938 3,361,353 # SEOWONINTECH Co., Ltd.............................. 58,761 754,244 # Seoyeon Co., Ltd................................... 118,432 1,512,937 #* Sewon Cellontech Co., Ltd.......................... 146,454 360,531 Sewon Precision Industry Co., Ltd.................. 19,656 467,444 # SEWOONMEDICAL Co., Ltd............................. 109,964 608,678 # SFA Engineering Corp............................... 58,145 2,442,139 #* SG Corp............................................ 865,420 522,773 # SH Energy & Chemical Co., Ltd...................... 527,381 840,424 Shin Poong Pharmaceutical Co., Ltd................. 162,004 613,476 #* Shinil Industrial Co., Ltd......................... 280,106 381,964 Shinsegae Co., Ltd................................. 39,908 5,851,944 Shinsegae Information & Communication Co., Ltd..... 6,991 674,279 # Shinsegae International Co., Ltd................... 14,823 1,206,417 #* Shinsung Solar Energy Co., Ltd..................... 269,802 313,920 #* Shinsung Tongsang Co., Ltd......................... 663,999 867,625 * Shinwha Intertek Corp.............................. 123,334 339,058 * Shinwon Corp....................................... 179,120 302,171 # Shinyoung Securities Co., Ltd...................... 14,050 720,463 #* Signetics Corp..................................... 297,153 463,441 #* SIGONG TECH Co., Ltd............................... 67,831 278,886 Silicon Works Co., Ltd............................. 70,469 1,856,270 # Silla Co., Ltd..................................... 38,828 761,420 #* Simm Tech Co., Ltd................................. 131,543 1,263,408 # SIMPAC, Inc........................................ 79,081 407,076 Sindoh Co., Ltd.................................... 10,939 715,135 # SJM Co., Ltd....................................... 49,393 307,547 * SK Broadband Co., Ltd.............................. 902,916 3,494,529 # SK Chemicals Co., Ltd.............................. 87,656 4,874,638 #* SK Communications Co., Ltd......................... 103,928 698,177 # SK Gas, Ltd........................................ 23,146 1,818,045 * SK Networks Co., Ltd............................... 493,573 4,227,963 #* SK Securities Co., Ltd............................. 1,903,038 1,624,085 SKC Co., Ltd....................................... 144,875 3,978,489 #* SKC Solmics Co., Ltd............................... 43,587 81,122 SL Corp............................................ 77,273 1,246,715 #* SM Culture & Contents Co., Ltd..................... 59,505 186,769 #* SM Entertainment Co................................ 92,354 3,076,409 #* Solborn, Inc....................................... 82,934 345,694 * Solco Biomedical Co., Ltd.......................... 56,341 29,411 # Solid, Inc......................................... 97,778 696,461 Songwon Industrial Co., Ltd........................ 100,166 790,789 # Soulbrain Co., Ltd................................. 57,380 1,902,577 * Ssangyong Cement Industrial Co., Ltd............... 118,503 1,621,218 #* Steel Flower Co., Ltd.............................. 29,816 111,810 1909 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) #* STS Semiconductor & Telecommunications............. 300,260 $1,138,313 #* STX Corp........................................... 1,861 6,989 #* STX Engine Co., Ltd................................ 115,112 69,274 # Suheung Co., Ltd................................... 35,782 1,612,110 Sun Kwang Co., Ltd................................. 15,705 278,095 # Sunchang Corp...................................... 37,052 277,035 # Sung Kwang Bend Co., Ltd........................... 102,370 1,234,060 #* Sungchang Enterprise Holdings, Ltd................. 31,117 601,568 #* Sungshin Cement Co., Ltd........................... 119,160 1,471,781 Sungwoo Hitech Co., Ltd............................ 218,231 2,407,151 Sunjin Co., Ltd.................................... 25,877 734,313 #* Sunny Electronics Corp............................. 81,771 180,790 #* Suprema, Inc....................................... 68,452 1,681,963 #* Synopex, Inc....................................... 329,126 564,187 Tae Kyung Industrial Co., Ltd...................... 39,841 210,752 Taekwang Industrial Co., Ltd....................... 2,106 2,167,152 #* Taewoong Co., Ltd.................................. 61,512 839,016 * Taeyoung Engineering & Construction Co., Ltd....... 242,962 1,075,652 #* Taihan Electric Wire Co., Ltd...................... 189,922 208,400 Tailim Packaging Industrial Co., Ltd............... 183,561 383,335 # TCC Steel.......................................... 40,253 100,045 # TechWing, Inc...................................... 50,605 467,613 # TES Co., Ltd....................................... 40,294 597,528 #* Theall Medi Bio.................................... 24,080 31,443 #* Theragen Etex Co., Ltd............................. 43,667 197,182 #* TK Chemical Corp................................... 262,605 433,192 #* TK Corp............................................ 75,303 724,817 Tokai Carbon Korea Co., Ltd........................ 1,274 11,031 # Tong Yang Moolsan Co., Ltd......................... 22,590 161,812 Tongyang Life Insurance............................ 212,493 2,132,753 #* Top Engineering Co., Ltd........................... 43,811 174,888 # Toptec Co., Ltd.................................... 47,894 733,155 #* Toray Chemical Korea, Inc.......................... 124,140 1,600,950 # Tovis Co., Ltd..................................... 78,732 1,415,917 #* Trais Co., Ltd..................................... 59,456 144,906 * Trigem Computer, Inc............................... 1 -- # TS Corp............................................ 26,872 613,348 #* UBCare Co., Ltd.................................... 31,444 77,174 # Ubiquoss, Inc...................................... 79,861 705,842 #* Ubivelox, Inc...................................... 15,537 222,094 # UI Display Co., Ltd................................ 34,401 142,343 # Uju Electronics Co., Ltd........................... 42,498 594,760 # Unid Co., Ltd...................................... 21,364 1,143,583 #* Uniquest Corp...................................... 16,050 135,249 #* Unison Co., Ltd.................................... 99,851 224,574 # Value Added Technologies Co., Ltd.................. 39,778 967,685 # Vieworks Co., Ltd.................................. 39,832 1,188,081 # Visang Education, Inc.............................. 29,722 205,542 #* Webzen, Inc........................................ 44,001 1,236,156 #* WeMade Entertainment Co., Ltd...................... 27,945 1,197,620 # Whanin Pharmaceutical Co., Ltd..................... 43,130 766,675 WillBes & Co. (The)................................ 288,928 359,390 # WiSoL Co., Ltd..................................... 96,855 790,315 1910 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) #* Wonik Cube Corp.................................... 20,753 $ 57,050 #* Wonik IPS Co., Ltd................................. 284,525 3,476,687 * Wonik Materials Co., Ltd........................... 15,040 644,524 # Woojeon & Handan Co., Ltd.......................... 90,141 202,308 #* Woongjin Energy Co., Ltd........................... 324,645 466,680 #* Woongjin Holdings Co., Ltd......................... 237,553 451,020 * Woongjin Thinkbig Co., Ltd......................... 122,254 840,571 # Wooree ETI Co., Ltd................................ 161,548 289,294 Woori Investment & Securities Co., Ltd............. 504,684 5,082,041 #* Woori Investment Bank Co., Ltd..................... 2,960,139 1,098,566 # WooSung Feed Co., Ltd.............................. 86,370 248,415 # Y G-1 Co., Ltd..................................... 89,329 742,591 YESCO Co., Ltd..................................... 13,100 402,858 # YG Entertainment, Inc.............................. 46,549 2,011,539 # Yoosung Enterprise Co., Ltd........................ 138,277 641,417 # Youlchon Chemical Co., Ltd......................... 62,684 617,565 # Young Heung Iron & Steel Co., Ltd.................. 287,784 463,763 Young Poong Corp................................... 2,389 3,095,909 * Young Poong Mining & Construction Corp............. 1,580 -- # Young Poong Precision Corp......................... 81,590 730,672 Youngone Corp...................................... 76,448 3,920,250 Youngone Holdings Co., Ltd......................... 29,493 2,416,421 #* Yuanta Securities Korea............................ 12,966 46,888 # Yuhan Corp......................................... 44,525 6,949,064 YuHwa Securities Co., Ltd.......................... 13,060 178,644 #* Yungjin Pharmaceutical Co., Ltd.................... 469,292 605,232 * ZeroOne Interactive Co., Ltd....................... 3,200 -- ------------ TOTAL SOUTH KOREA...................................... 763,548,648 ------------ TAIWAN -- (13.5%) # A-DATA Technology Co., Ltd......................... 1,155,879 1,989,021 # Ability Enterprise Co., Ltd........................ 2,737,076 1,624,812 # AcBel Polytech, Inc................................ 2,302,599 2,619,603 Accton Technology Corp............................. 3,231,763 1,592,716 # Ace Pillar Co., Ltd................................ 254,008 165,387 ACES Electronic Co., Ltd........................... 510,000 670,918 # ACHEM Technology Corp.............................. 1,430,860 848,979 * Acme Electronics Corp.............................. 322,000 329,790 # Acter Co., Ltd..................................... 211,000 533,529 * Action Electronics Co., Ltd........................ 761,635 162,901 Actron Technology Corp............................. 332,150 1,183,362 # Adlink Technology, Inc............................. 537,183 1,314,134 # Advanced Ceramic X Corp............................ 222,000 1,073,889 * Advanced Connectek, Inc............................ 1,355,000 523,161 Advanced International Multitech Co., Ltd.......... 477,000 372,331 #* Advanced Wireless Semiconductor Co................. 775,000 1,151,382 # Advancetek Enterprise Co., Ltd..................... 846,917 631,903 #* AGV Products Corp.................................. 3,166,801 797,429 # AimCore Technology Co., Ltd........................ 334,589 290,160 Alcor Micro Corp................................... 391,000 330,390 ALI Corp........................................... 1,963,000 1,554,025 # Allis Electric Co., Ltd............................ 54,000 15,936 # Alltek Technology Corp............................. 457,640 440,445 1911 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # Alltop Technology Co., Ltd......................... 54,000 $ 56,816 # Alpha Networks, Inc................................ 2,128,763 1,178,900 # Altek Corp......................................... 1,648,945 1,943,101 # Ambassador Hotel (The)............................. 1,565,000 1,395,101 # AMPOC Far-East Co., Ltd............................ 548,444 504,385 # AmTRAN Technology Co., Ltd......................... 4,567,951 2,593,309 Anpec Electronics Corp............................. 562,590 573,457 # Apacer Technology, Inc............................. 779,576 800,442 # APCB, Inc.......................................... 865,000 652,247 # Apex Biotechnology Corp............................ 629,483 1,060,588 # Apex International Co., Ltd........................ 645,293 914,363 # Apex Medical Corp.................................. 325,500 596,760 # Apex Science & Engineering......................... 863,897 330,011 # Arcadyan Technology Corp........................... 857,718 1,158,520 # Ardentec Corp...................................... 2,348,642 1,994,660 * Arima Communications Corp.......................... 1,206,719 491,242 #* Asia Optical Co., Inc.............................. 1,453,000 1,955,019 # Asia Plastic Recycling Holding, Ltd................ 882,460 1,034,283 # Asia Polymer Corp.................................. 1,739,484 1,283,222 # Asia Vital Components Co., Ltd..................... 1,897,058 1,440,925 # ASROCK, Inc........................................ 253,000 581,263 # Aten International Co., Ltd........................ 519,479 1,368,197 Audix Corp......................................... 522,600 727,795 # AURAS Technology Co., Ltd.......................... 99,585 63,097 # Aurora Corp........................................ 659,499 1,118,661 # AV Tech Corp....................................... 242,000 388,562 Avermedia Technologies............................. 816,446 282,575 #* Avision, Inc....................................... 960,000 284,202 # AVY Precision Technology, Inc...................... 263,000 613,438 # Awea Mechantronic Co., Ltd......................... 227,200 312,947 Bank of Kaohsiung Co., Ltd......................... 2,218,651 633,930 # Basso Industry Corp................................ 581,000 799,732 # BenQ Materials Corp................................ 900,000 922,350 # BES Engineering Corp............................... 8,831,750 2,113,508 #* Bin Chuan Enterprise Co., Ltd...................... 172,542 122,763 Bionet Corp........................................ 191,000 233,310 # Biostar Microtech International Corp............... 1,034,975 373,528 # Bizlink Holding, Inc............................... 493,034 1,625,018 # Boardtek Electronics Corp.......................... 783,000 1,083,326 Bright Led Electronics Corp........................ 705,520 326,521 # C Sun Manufacturing, Ltd........................... 796,221 573,373 # Cameo Communications, Inc.......................... 1,147,818 266,213 # Capital Securities Corp............................ 11,461,142 3,737,364 # Career Technology MFG. Co., Ltd.................... 1,829,000 1,931,114 # Carnival Industrial Corp........................... 1,753,000 437,776 Cathay Chemical Works.............................. 30,000 16,237 # Cathay Real Estate Development Co., Ltd............ 4,658,000 2,476,557 # Celxpert Energy Corp............................... 164,000 124,267 Central Reinsurance Co., Ltd....................... 867,410 454,794 # ChainQui Construction Development Co., Ltd......... 360,083 264,209 # Chaintech Technology Corp.......................... 222,230 209,940 Champion Building Materials Co., Ltd............... 1,987,851 595,046 # Chang Wah Electromaterials, Inc.................... 267,673 622,064 1912 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) Channel Well Technology Co., Ltd..................... 960,000 $ 612,975 # Charoen Pokphand Enterprise.......................... 991,350 859,526 # Chaun-Choung Technology Corp......................... 397,000 1,126,138 # CHC Resources Corp................................... 346,348 783,743 Chen Full International Co., Ltd..................... 495,000 546,869 # Chenbro Micom Co., Ltd............................... 424,000 741,922 Cheng Fwa Industrial Co., Ltd........................ 66,000 31,955 # Cheng Loong Corp..................................... 5,251,383 2,129,905 # Cheng Uei Precision Industry Co., Ltd................ 2,661,331 4,694,587 #* Chenming Mold Industry Corp.......................... 617,437 517,614 # Chia Chang Co., Ltd.................................. 846,000 829,328 # Chia Hsin Cement Corp................................ 2,128,121 936,777 # Chien Kuo Construction Co., Ltd...................... 1,471,312 532,343 * Chien Shing Stainless Steel Co., Ltd................. 585,000 94,854 Chilisin Electronics Corp............................ 537,315 719,770 # Chime Ball Technology Co., Ltd....................... 143,000 376,368 Chimei Materials Technology Corp..................... 1,254,900 1,267,280 Chin-Poon Industrial Co., Ltd........................ 2,083,207 3,529,244 # China Chemical & Pharmaceutical Co., Ltd............. 1,800,000 1,162,863 # China Ecotek Corp.................................... 193,000 413,141 #* China Electric Manufacturing Corp.................... 1,596,900 539,244 # China General Plastics Corp.......................... 2,232,105 1,060,485 China Glaze Co., Ltd................................. 733,139 329,070 #* China Man-Made Fiber Corp............................ 5,236,879 1,894,894 # China Metal Products................................. 1,572,603 1,591,551 China Motor Corp..................................... 299,609 257,104 #* China Petrochemical Development Corp................. 14,494,000 5,417,092 # China Steel Chemical Corp............................ 81,554 394,336 # China Steel Structure Co., Ltd....................... 655,000 570,170 # China Synthetic Rubber Corp.......................... 2,685,563 2,735,710 * China United Trust & Investment Corp................. 164,804 -- * China Wire & Cable Co., Ltd.......................... 711,000 262,966 # Chinese Maritime Transport, Ltd...................... 722,850 770,531 Chipbond Technology Corp............................. 1,678,000 3,429,898 # Chong Hong Construction Co., Ltd..................... 720,778 1,475,984 * Chou Chin Industrial Co., Ltd........................ 825 -- # Chroma ATE, Inc...................................... 1,531,821 3,817,972 Chun YU Works & Co., Ltd............................. 1,293,000 593,486 # Chun Yuan Steel...................................... 2,240,529 817,530 # Chung Hsin Electric & Machinery Manufacturing Corp... 2,160,375 1,382,289 * Chung Hung Steel Corp................................ 5,428,979 1,244,142 #* Chung Hwa Pulp Corp.................................. 2,782,031 773,588 Chunghwa Chemical Synthesis & Biotech Co., Ltd....... 287,000 297,441 * Chunghwa Picture Tubes, Ltd.......................... 16,151,000 815,888 Chyang Sheng Dyeing & Finishing Co., Ltd............. 297,000 162,296 # Cleanaway Co., Ltd................................... 426,000 2,083,186 Clevo Co............................................. 1,985,200 3,003,983 #* CMC Magnetics Corp................................... 16,235,960 2,281,119 * CoAsia Microelectronics Corp......................... 472,500 241,273 # Collins Co., Ltd..................................... 618,431 278,123 # Compeq Manufacturing Co., Ltd........................ 6,287,000 3,584,176 #* Concord Securities Corp.............................. 3,316,000 849,270 Continental Holdings Corp............................ 3,041,320 1,097,827 1913 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Coretronic Corp.................................... 3,389,750 $4,783,362 * Cosmo Electronics Corp............................. 48,137 51,523 Coxon Precise Industrial Co., Ltd.................. 730,000 1,526,082 Creative Sensor, Inc............................... 85,000 65,564 #* Crystalwise Technology, Inc........................ 718,302 553,625 CSBC Corp. Taiwan.................................. 2,869,610 1,504,307 CTCI Corp.......................................... 117,000 184,882 # Cub Elecparts, Inc................................. 146,638 1,502,629 # CviLux Corp........................................ 431,039 713,219 # Cyberlink Corp..................................... 458,697 1,330,525 # CyberPower Systems, Inc............................ 219,000 436,885 CyberTAN Technology, Inc........................... 1,005,779 761,624 # D-Link Corp........................................ 4,230,018 2,370,852 # DA CIN Construction Co., Ltd....................... 928,711 587,772 #* Da-Li Construction Co., Ltd........................ 504,206 587,154 Dafeng TV, Ltd..................................... 293,540 491,447 #* Danen Technology Corp.............................. 2,481,000 819,759 Darfon Electronics Corp............................ 1,618,550 909,373 #* Darwin Precisions Corp............................. 2,422,635 1,139,390 # Davicom Semiconductor, Inc......................... 52,888 59,579 # Daxin Materials Corp............................... 246,750 342,804 #* De Licacy Industrial Co., Ltd...................... 70,000 31,595 #* Delpha Construction Co., Ltd....................... 991,931 499,592 # Depo Auto Parts Ind Co., Ltd....................... 539,000 2,059,384 * Der Pao Construction Co., Ltd...................... 476,000 -- DFI, Inc........................................... 409,524 470,626 # Dimerco Express Corp............................... 661,000 494,524 # Dynacolor, Inc..................................... 316,000 700,275 * Dynamic Electronics Co., Ltd....................... 1,755,321 798,769 Dynapack International Technology Corp............. 780,000 1,775,742 #* E Ink Holdings, Inc................................ 5,571,000 2,501,516 # E-Lead Electronic Co., Ltd......................... 423,942 992,889 # E-Life Mall Corp................................... 413,000 794,749 #* E-Ton Solar Tech Co., Ltd.......................... 2,396,209 1,193,619 Eastern Media International Corp................... 2,655,889 885,387 Edimax Technology Co., Ltd......................... 1,171,108 467,139 # Edison Opto Corp................................... 821,000 648,501 # Edom Technology Co., Ltd........................... 664,553 569,836 # eGalax_eMPIA Technology, Inc....................... 266,660 537,856 Elan Microelectronics Corp......................... 2,332,715 3,647,865 # Elite Advanced Laser Corp.......................... 419,000 1,344,555 Elite Material Co., Ltd............................ 1,640,350 2,209,971 # Elite Semiconductor Memory Technology, Inc......... 1,406,200 2,175,581 # Elitegroup Computer Systems Co., Ltd............... 2,132,254 1,839,478 # eMemory Technology, Inc............................ 383,000 3,971,576 * Emerging Display Technologies Corp................. 829,000 220,665 # ENG Electric Co., Ltd.............................. 776,580 477,006 # EnTie Commercial Bank Co., Ltd..................... 1,884,603 881,421 #* Entire Technology Co., Ltd......................... 462,000 326,130 * Episil Holdings, Inc............................... 921,000 444,196 # Epistar Corp....................................... 537,832 952,813 Eternal Materials Co., Ltd......................... 3,721,647 3,656,242 #* Etron Technology, Inc.............................. 1,395,000 847,380 1914 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # Everest Textile Co., Ltd........................... 1,590,562 $ 760,139 Evergreen International Storage & Transport Corp... 3,298,000 1,917,253 # Everlight Chemical Industrial Corp................. 2,480,829 2,059,095 # Everlight Electronics Co., Ltd..................... 2,210,000 5,301,217 # Everspring Industry Co., Ltd....................... 199,000 229,098 Excelsior Medical Co., Ltd......................... 555,654 892,934 # Far Eastern International Bank..................... 11,831,317 3,958,292 Faraday Technology Corp............................ 1,972,648 2,395,982 #* Farglory F T Z Investment Holding Co., Ltd......... 541,000 350,783 # Farglory Land Development Co., Ltd................. 706,000 824,559 # Federal Corp....................................... 2,762,359 1,633,179 Feedback Technology Corp........................... 172,000 281,774 # Feng Hsin Iron & Steel Co.......................... 2,556,100 3,126,359 Feng TAY Enterprise Co., Ltd....................... 585,078 2,188,449 Fine Blanking & Tool Co., Ltd...................... 13,000 18,610 # First Copper Technology Co., Ltd................... 929,000 287,174 # First Hotel........................................ 763,424 487,249 # First Insurance Co, Ltd. (The)..................... 1,074,179 534,379 * First Steamship Co., Ltd........................... 2,282,218 1,259,804 # FLEXium Interconnect, Inc.......................... 1,233,379 2,928,341 # Flytech Technology Co., Ltd........................ 581,698 2,070,979 # FocalTech Systems Co., Ltd......................... 628,000 719,317 # Formosa Advanced Technologies Co., Ltd............. 1,002,000 684,106 # Formosa International Hotels Corp.................. 127,067 1,283,506 * Formosa Laboratories, Inc.......................... 374,000 813,439 # Formosa Oilseed Processing Co., Ltd................ 708,567 447,937 # Formosa Optical Technology Co., Ltd................ 191,000 515,727 Formosan Rubber Group, Inc......................... 2,654,000 2,708,276 # Formosan Union Chemical............................ 1,222,218 471,792 # Fortune Electric Co., Ltd.......................... 576,078 281,263 Founding Construction & Development Co., Ltd....... 1,019,082 655,590 # Foxlink Image Technology Co., Ltd.................. 685,000 420,467 #* Froch Enterprise Co., Ltd.......................... 1,054,000 459,564 # FSP Technology, Inc................................ 1,142,887 920,093 # Fullerton Technology Co., Ltd...................... 569,600 466,239 # Fulltech Fiber Glass Corp.......................... 1,888,083 710,893 # Fwusow Industry Co., Ltd........................... 809,186 380,142 G Shank Enterprise Co., Ltd........................ 818,281 674,230 #* G Tech Optoelectronics Corp........................ 1,295,000 1,179,584 Gallant Precision Machining Co., Ltd............... 929,000 351,538 # Gamania Digital Entertainment Co., Ltd............. 669,000 811,804 * GEM Terminal Industrial Co., Ltd................... 23,386 9,398 # Gemtek Technology Corp............................. 2,271,219 1,655,468 # General Plastic Industrial Co., Ltd................ 199,553 217,081 #* Genesis Photonics, Inc............................. 2,116,990 1,050,524 #* Genius Electronic Optical Co., Ltd................. 404,427 1,401,638 # GeoVision, Inc..................................... 301,079 1,113,441 # Getac Technology Corp.............................. 2,407,360 1,461,679 #* Giantplus Technology Co., Ltd...................... 1,444,900 550,105 # Giga Solution Tech Co., Ltd........................ 636,446 416,437 # Gigabyte Technology Co., Ltd....................... 3,284,800 4,037,674 # Gigasolar Materials Corp........................... 129,880 1,976,550 #* Gigastorage Corp................................... 2,094,561 1,691,153 1915 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) #* Gintech Energy Corp................................ 2,567,936 $1,733,276 * Global Brands Manufacture, Ltd..................... 1,974,359 671,283 # Global Lighting Technologies, Inc.................. 476,000 683,575 # Global Mixed Mode Technology, Inc.................. 447,000 1,295,940 # Global Unichip Corp................................ 510,000 1,415,867 * Globalwafers Co., Ltd.............................. 142,160 415,020 Globe Union Industrial Corp........................ 1,307,914 639,187 # Gloria Material Technology Corp.................... 2,868,565 2,023,124 # Glory Science Co., Ltd............................. 330,296 484,309 #* Glotech Industrial Corp............................ 465,000 112,731 * Gold Circuit Electronics, Ltd...................... 2,647,227 1,844,494 #* Goldsun Development & Construction Co., Ltd........ 8,070,722 2,753,970 # Good Will Instrument Co., Ltd...................... 215,755 148,703 # Gourmet Master Co., Ltd............................ 307,000 1,669,582 Grand Pacific Petrochemical........................ 5,777,000 3,159,116 Grape King Bio, Ltd................................ 550,000 2,258,561 Great China Metal Industry......................... 965,000 943,537 # Great Taipei Gas Co., Ltd.......................... 1,578,000 1,157,640 # Great Wall Enterprise Co., Ltd..................... 3,188,774 2,815,488 #* Green Energy Technology, Inc....................... 2,003,457 1,161,199 #* GTM Holdings Corp.................................. 890,000 557,687 #* Hannstar Board Corp................................ 1,818,049 920,036 # HannStar Display Corp.............................. 18,404,506 4,530,948 * HannsTouch Solution, Inc........................... 5,244,130 1,246,172 # Harvatek Corp...................................... 976,623 556,845 # Hey Song Corp...................................... 1,947,750 2,347,369 # Hi-Clearance, Inc.................................. 159,000 471,969 # Hiroca Holdings, Ltd............................... 314,448 919,278 * HiTi Digital, Inc.................................. 781,935 402,103 # Hitron Technology, Inc............................. 1,619,213 823,448 * Hiyes International Co., Ltd....................... 5,043 6,233 #* Ho Tung Chemical Corp.............................. 4,910,400 1,670,529 # Hocheng Corp....................................... 1,883,700 607,665 #* Hold-Key Electric Wire & Cable Co., Ltd............ 205,908 61,111 # Holiday Entertainment Co., Ltd..................... 323,800 399,214 # Holtek Semiconductor, Inc.......................... 993,000 1,805,222 Holy Stone Enterprise Co., Ltd..................... 1,152,728 1,551,571 Hong TAI Electric Industrial....................... 1,234,000 413,615 # Hong YI Fiber Industry Co.......................... 75,652 31,941 Horizon Securities Co., Ltd........................ 2,565,000 736,136 # Hota Industrial Manufacturing Co., Ltd............. 1,032,128 1,847,038 # Hsin Kuang Steel Co., Ltd.......................... 1,339,443 749,506 # Hsin Yung Chien Co., Ltd........................... 197,100 671,760 Hsing TA Cement Co................................. 620,000 268,543 # Hu Lane Associate, Inc............................. 430,866 1,570,002 # HUA ENG Wire & Cable............................... 2,359,565 745,740 # Huaku Development Co., Ltd......................... 1,513,816 2,769,705 Huang Hsiang Construction Corp..................... 591,800 850,425 # Hung Ching Development & Construction Co., Ltd..... 617,000 398,843 Hung Poo Real Estate Development Corp.............. 1,588,185 1,184,397 Hung Sheng Construction, Ltd....................... 2,825,400 1,735,632 Huxen Corp......................................... 306,244 426,186 # Hwa Fong Rubber Co., Ltd........................... 1,494,010 1,007,052 1916 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # Hwacom Systems, Inc................................ 564,000 $ 297,348 # I-Chiun Precision Industry Co., Ltd................ 1,136,313 682,229 # I-Sheng Electric Wire & Cable Co., Ltd............. 612,000 836,868 # Ibase Technology, Inc.............................. 530,605 893,493 # Ichia Technologies, Inc............................ 1,782,000 1,884,077 # Ideal Bike Corp.................................... 586,263 284,840 # IEI Integration Corp............................... 224,209 351,833 # ILI Technology Corp................................ 410,383 930,406 Infortrend Technology, Inc......................... 1,374,163 778,090 # Inpaq Technology Co., Ltd.......................... 157,000 190,473 Insyde Software Corp............................... 107,000 161,943 # ITE Technology, Inc................................ 802,095 950,710 ITEQ Corp.......................................... 1,519,614 1,253,645 #* J Touch Corp....................................... 796,000 483,429 * Janfusun Fancyworld Corp........................... 823,564 125,953 * Jenn Feng New Energy Co., Ltd...................... 40,082 12,126 # Jentech Precision Industrial Co., Ltd.............. 447,868 1,067,519 # Jess-Link Products Co., Ltd........................ 933,900 987,786 Jih Sun Financial Holdings Co., Ltd................ 6,416,843 1,691,340 # Johnson Health Tech Co., Ltd....................... 543,331 1,363,073 K Laser Technology, Inc............................ 1,000,000 519,378 # Kang Na Hsiung Enterprise Co., Ltd................. 559,020 241,223 #* Kao Hsing Chang Iron & Steel....................... 509,600 179,966 # Kaori Heat Treatment Co., Ltd...................... 432,270 819,529 # Kaulin Manufacturing Co., Ltd...................... 841,330 613,705 # KD Holding Corp.................................... 110,000 571,432 # KEE TAI Properties Co., Ltd........................ 2,138,473 1,321,666 # Kenmec Mechanical Engineering Co., Ltd............. 1,229,000 584,671 # Kerry TJ Logistics Co., Ltd........................ 1,619,000 2,043,817 # Kindom Construction Corp........................... 2,057,000 1,828,942 King Slide Works Co., Ltd.......................... 190,550 2,746,024 King Yuan Electronics Co., Ltd..................... 6,711,979 5,607,219 King's Town Bank Co., Ltd.......................... 3,497,701 3,691,383 * King's Town Construction Co., Ltd.................. 943,210 794,900 # Kinik Co........................................... 655,000 1,308,103 # Kinko Optical Co., Ltd............................. 886,000 667,191 #* Kinpo Electronics.................................. 7,110,157 3,321,899 # KMC Kuei Meng International, Inc................... 189,875 778,880 # KS Terminals, Inc.................................. 628,482 793,771 # Kung Long Batteries Industrial Co., Ltd............ 331,000 973,870 Kung Sing Engineering Corp......................... 1,746,000 664,215 # Kuo Toong International Co., Ltd................... 1,037,000 1,650,458 # Kuoyang Construction Co., Ltd...................... 2,734,384 1,179,448 # Kwong Fong Industries Corp......................... 1,305,760 740,692 KYE Systems Corp................................... 1,689,381 634,672 L&K Engineering Co., Ltd........................... 623,048 484,399 LAN FA Textile..................................... 951,933 292,838 Laser Tek Taiwan Co., Ltd.......................... 46,504 45,108 # LCY Chemical Corp.................................. 1,265,383 663,273 Leader Electronics, Inc............................ 852,000 315,335 # Leadtrend Technology Corp.......................... 207,086 262,640 * Lealea Enterprise Co., Ltd......................... 4,453,892 1,326,796 # Ledtech Electronics Corp........................... 592,000 299,737 1917 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # LEE CHI Enterprises Co., Ltd....................... 1,055,000 $ 501,016 # Lelon Electronics Corp............................. 524,000 646,908 #* Leofoo Development Co.............................. 1,471,000 536,937 * LES Enphants Co., Ltd.............................. 1,217,754 655,088 # Lextar Electronics Corp............................ 2,314,500 2,197,578 #* Li Peng Enterprise Co., Ltd........................ 3,468,426 1,270,442 # Lian HWA Food Corp................................. 446,883 429,240 #* Lien Chang Electronic Enter........................ 366,000 281,477 # Lien Hwa Industrial Corp........................... 3,366,676 2,206,691 # Lingsen Precision Industries, Ltd.................. 2,440,506 1,199,801 # Lite-On Semiconductor Corp......................... 1,405,539 997,648 # Long Bon International Co., Ltd.................... 1,984,945 1,458,788 Long Chen Paper Co., Ltd........................... 3,276,709 1,428,981 # Longwell Co........................................ 844,000 927,153 # Lotes Co., Ltd..................................... 367,778 1,605,429 Lucky Cement Corp.................................. 1,485,000 476,338 # Lumax International Corp., Ltd..................... 535,769 1,092,049 Macroblock, Inc.................................... 154,000 331,562 #* Macronix International............................. 23,979,481 5,193,593 * MacroWell OMG Digital Entertainment Co., Ltd....... 38,000 96,917 # Mag Layers Scientific-Technics Co., Ltd............ 225,303 268,175 # Makalot Industrial Co., Ltd........................ 928,717 5,197,239 # Marketech International Corp....................... 760,000 593,897 Masterlink Securities Corp......................... 6,627,896 2,158,613 Mayer Steel Pipe Corp.............................. 842,567 386,992 # Maywufa Co., Ltd................................... 170,322 79,961 Meiloon Industrial Co.............................. 393,809 169,006 Mercuries & Associates Holding, Ltd................ 1,971,991 1,283,891 #* Mercuries Life Insurance Co., Ltd.................. 2,697,400 1,472,333 # Merry Electronics Co., Ltd......................... 1,014,477 3,357,045 # Micro-Star International Co., Ltd.................. 3,476,075 3,872,254 #* Microbio Co., Ltd.................................. 1,664,607 1,424,001 #* Microelectronics Technology, Inc................... 739,019 326,809 # Microlife Corp..................................... 231,600 526,137 # MIN AIK Technology Co., Ltd........................ 969,316 4,527,508 # Mirle Automation Corp.............................. 892,009 812,645 # Mitac Holdings Corp................................ 2,729,000 2,072,156 # Mobiletron Electronics Co., Ltd.................... 364,000 758,456 #* Mosel Vitelic, Inc................................. 2,161,014 482,145 # Motech Industries, Inc............................. 1,982,000 2,651,653 # MPI Corp........................................... 338,000 1,152,036 # Nak Sealing Technologies Corp...................... 280,954 883,344 # Namchow Chemical Industrial Co., Ltd............... 840,000 1,525,708 Nan Kang Rubber Tire Co., Ltd...................... 2,971,952 3,117,528 # Nan Ren Lake Leisure Amusement Co., Ltd............ 1,112,000 453,388 #* Nan Ya Printed Circuit Board Corp.................. 1,558,000 2,189,012 Nantex Industry Co., Ltd........................... 1,282,157 665,726 # National Petroleum Co., Ltd........................ 799,824 915,398 # Neo Solar Power Corp............................... 4,525,529 3,898,066 # Netronix, Inc...................................... 468,000 674,687 New Asia Construction & Development Corp........... 732,835 199,693 # New Era Electronics Co., Ltd....................... 431,000 472,821 # Newmax Technology Co., Ltd......................... 550,009 670,024 1918 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # Nexcom International Co., Ltd...................... 516,094 $ 865,815 Nichidenbo Corp.................................... 748,620 604,273 Nien Hsing Textile Co., Ltd........................ 1,472,436 1,206,643 Nishoku Technology, Inc............................ 171,000 251,813 # Nuvoton Technology Corp............................ 414,000 371,337 #* O-TA Precision Industry Co., Ltd................... 17,000 9,048 #* Ocean Plastics Co., Ltd............................ 812,200 877,143 OptoTech Corp...................................... 3,507,886 1,476,992 #* Orient Semiconductor Electronics, Ltd.............. 3,077,000 1,347,647 # Oriental Union Chemical Corp....................... 3,336,267 3,041,725 * P-Two Industries, Inc.............................. 49,000 21,007 # Pacific Construction Co............................ 1,443,921 596,118 # Pacific Hospital Supply Co., Ltd................... 365,000 792,091 * Pan Jit International, Inc......................... 2,225,541 994,893 # Pan-International Industrial Corp.................. 2,461,747 1,449,764 # Parade Technologies, Ltd........................... 309,401 3,079,868 # Paragon Technologies Co., Ltd...................... 439,246 695,888 # PChome Online, Inc................................. 395,119 4,421,163 # Phihong Technology Co., Ltd........................ 1,669,901 916,229 # Phoenix Tours International, Inc................... 273,000 355,438 # Pixart Imaging, Inc................................ 747,150 2,091,522 * Plotech Co., Ltd................................... 115,000 49,483 # Polytronics Technology Corp........................ 294,027 627,243 # Portwell, Inc...................................... 545,000 997,798 # Posiflex Technology, Inc........................... 245,374 1,131,723 * Potrans Electrical Corp............................ 228,000 -- # Power Mate Technology Co., Ltd..................... 208,000 490,393 #* Power Quotient International Co., Ltd.............. 874,600 432,949 * Powercom Co., Ltd.................................. 372,900 54,806 #* Powertech Industrial Co., Ltd...................... 367,000 247,667 Poya International Co., Ltd........................ 278,065 2,324,479 # President Securities Corp.......................... 4,771,488 2,434,669 # Prime Electronics Satellitics, Inc................. 819,822 355,036 # Prince Housing & Development Corp.................. 7,148,644 2,729,737 #* Princeton Technology Corp.......................... 1,082,000 400,679 * Prodisc Technology, Inc............................ 1,707,199 -- # Promate Electronic Co., Ltd........................ 934,000 1,072,328 # Promise Technology, Inc............................ 835,286 970,504 * Protop Technology Co., Ltd......................... 192,000 -- #* Qisda Corp......................................... 9,726,900 4,375,763 # Qualipoly Chemical Corp............................ 275,000 212,814 # Quanta Storage, Inc................................ 723,000 811,477 #* Quintain Steel Co., Ltd............................ 2,024,824 390,666 # Radium Life Tech Co., Ltd.......................... 4,205,059 2,175,957 # Ralec Electronic Corp.............................. 192,209 352,284 # Rechi Precision Co., Ltd........................... 1,624,181 1,627,332 # Rexon Industrial Corp., Ltd........................ 94,392 32,772 # Rich Development Co., Ltd.......................... 3,977,036 1,682,346 # Richtek Technology Corp............................ 826,000 4,186,205 #* Ritek Corp......................................... 16,901,387 1,986,189 # Rotam Global Agrosciences, Ltd..................... 478,268 772,269 # Ruentex Engineering & Construction Co.............. 244,000 490,627 # Run Long Construction Co., Ltd..................... 380,000 349,558 1919 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) * Sainfoin Technology Corp........................... 131,260 $ -- Sampo Corp......................................... 3,124,327 1,262,307 San Fang Chemical Industry Co., Ltd................ 775,480 829,617 # San Shing Fastech Corp............................. 474,796 1,138,077 * Sanyang Motor Co., Ltd............................. 2,947,628 2,572,725 # SCI Pharmtech, Inc................................. 264,395 519,638 # Scientech Corp..................................... 261,000 520,108 # SDI Corp........................................... 747,000 973,395 # Sea Sonic Electronics Co., Ltd..................... 212,000 329,647 # Senao International Co., Ltd....................... 511,541 828,646 # Sercomm Corp....................................... 1,257,000 2,679,273 # Sesoda Corp........................................ 853,822 1,052,914 Shan-Loong Transportation Co., Ltd................. 29,000 22,269 Sheng Yu Steel Co., Ltd............................ 639,980 409,717 # ShenMao Technology, Inc............................ 498,891 521,770 Shih Her Technologies, Inc......................... 287,000 522,431 Shih Wei Navigation Co., Ltd....................... 1,339,183 770,050 Shihlin Electric & Engineering Corp................ 1,683,000 2,116,349 * Shihlin Paper Corp................................. 192,000 225,642 Shin Hai Gas Corp.................................. 1,157 1,545 Shin Zu Shing Co., Ltd............................. 1,005,144 2,238,775 #* Shining Building Business Co., Ltd................. 1,954,401 1,124,049 # Shinkong Insurance Co., Ltd........................ 1,182,131 932,150 # Shinkong Synthetic Fibers Corp..................... 8,912,395 3,051,418 Shinkong Textile Co., Ltd.......................... 1,068,542 1,346,265 # Shiny Chemical Industrial Co., Ltd................. 294,031 410,369 # Shuttle, Inc....................................... 2,156,152 596,158 Sigurd Microelectronics Corp....................... 1,984,974 1,889,990 #* Silicon Integrated Systems Corp.................... 2,908,820 815,255 Silicon Power Computer & Communications, Inc....... 275,000 271,939 # Silitech Technology Corp........................... 1,013,774 714,680 # Sinbon Electronics Co., Ltd........................ 1,140,000 1,620,082 Sincere Navigation Corp............................ 1,886,786 1,545,901 # Singatron Enterprise Co., Ltd...................... 437,000 198,725 # Sinkang Industries Co., Ltd........................ 153,521 53,419 # Sinmag Equipment Corp.............................. 213,938 1,221,416 * Sino-American Electronic Co., Ltd.................. 10,000 27,671 # Sino-American Silicon Products, Inc................ 3,040,000 4,765,164 # Sinon Corp......................................... 2,146,510 1,153,712 Sinphar Pharmaceutical Co., Ltd.................... 742,595 960,292 # Sinyi Realty, Inc.................................. 1,225,028 1,357,649 # Sirtec International Co., Ltd...................... 814,000 1,713,231 # Sitronix Technology Corp........................... 652,879 2,137,581 Siward Crystal Technology Co., Ltd................. 946,000 669,752 # Soft-World International Corp...................... 550,000 1,742,578 # Solar Applied Materials Technology Co.............. 2,056,581 1,710,163 #* Solartech Energy Corp.............................. 2,259,616 1,346,604 Solomon Technology Corp............................ 134,159 80,282 #* Solytech Enterprise Corp........................... 974,000 275,593 # Sonix Technology Co., Ltd.......................... 925,000 1,332,474 Southeast Cement Co., Ltd.......................... 1,053,700 548,884 Spirox Corp........................................ 66,000 40,472 # Sporton International, Inc......................... 388,505 2,038,573 1920 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # St Shine Optical Co., Ltd.......................... 268,000 $4,214,391 Standard Chemical & Pharmaceutical Co., Ltd........ 542,571 638,178 # Stark Technology, Inc.............................. 727,860 683,354 # Sunonwealth Electric Machine Industry Co., Ltd..... 794,487 512,537 #* Sunplus Technology Co., Ltd........................ 1,808,000 724,766 # Sunrex Technology Corp............................. 1,554,736 987,799 # Sunspring Metal Corp............................... 569,000 1,088,282 #* Super Dragon Technology Co., Ltd................... 159,382 94,381 # Supreme Electronics Co., Ltd....................... 1,783,399 906,473 # Swancor Ind Co., Ltd............................... 242,206 1,138,056 Sweeten Construction Co., Ltd...................... 594,522 346,373 Syncmold Enterprise Corp........................... 707,000 1,501,415 # Sysage Technology Co., Ltd......................... 447,080 502,332 # Systex Corp........................................ 242,388 441,177 # T-Mac Techvest PCB Co., Ltd........................ 713,000 388,507 # TA Chen Stainless Pipe............................. 3,881,248 2,584,720 * Ta Chong Bank, Ltd................................. 10,841,528 3,631,921 # Ta Chong Securities Co., Ltd....................... 1,241,000 460,934 # Ta Ya Electric Wire & Cable........................ 3,118,306 639,168 # Ta Yih Industrial Co., Ltd......................... 194,000 417,153 # TA-I Technology Co., Ltd........................... 1,099,009 605,310 Tah Hsin Industrial Corp........................... 426,600 386,738 TAI Roun Products Co., Ltd......................... 239,000 79,061 # Tai Tung Communication Co., Ltd.................... 380,727 523,233 # Taichung Commercial Bank Co., Ltd.................. 10,492,831 3,462,764 # TaiDoc Technology Corp............................. 224,000 846,446 # Taiflex Scientific Co., Ltd........................ 895,000 1,275,106 # Taimide Tech, Inc.................................. 468,000 661,748 # Tainan Enterprises Co., Ltd........................ 785,370 685,854 # Tainan Spinning Co., Ltd........................... 6,244,737 3,376,891 #* Taisun Enterprise Co., Ltd......................... 1,713,428 645,045 #* Taita Chemical Co., Ltd............................ 1,034,951 310,012 # Taiwan Acceptance Corp............................. 511,480 1,220,587 # Taiwan Calsonic Co., Ltd........................... 33,000 23,822 # Taiwan Chinsan Electronic Industrial Co., Ltd...... 489,000 739,421 # Taiwan Cogeneration Corp........................... 1,895,566 1,484,704 Taiwan Fire & Marine Insurance Co., Ltd............ 1,055,338 753,083 * Taiwan Flourescent Lamp Co., Ltd................... 176,000 -- # Taiwan FU Hsing Industrial Co., Ltd................ 710,000 787,448 # Taiwan Hon Chuan Enterprise Co., Ltd............... 1,476,814 2,686,705 # Taiwan Hopax Chemicals Manufacturing Co., Ltd...... 950,120 607,651 * Taiwan Kolin Co., Ltd.............................. 1,356,000 -- # Taiwan Land Development Corp....................... 3,900,616 1,412,887 #* Taiwan Life Insurance Co., Ltd..................... 2,541,586 1,737,969 # Taiwan Line Tek Electronic......................... 522,543 399,275 Taiwan Mask Corp................................... 1,038,412 329,998 Taiwan Navigation Co., Ltd......................... 1,031,777 683,880 Taiwan Paiho, Ltd.................................. 1,499,287 2,534,743 # Taiwan PCB Techvest Co., Ltd....................... 1,505,238 2,410,977 #* Taiwan Prosperity Chemical Corp.................... 1,037,000 791,726 #* Taiwan Pulp & Paper Corp........................... 2,117,980 752,656 # Taiwan Sakura Corp................................. 1,505,003 1,037,837 Taiwan Sanyo Electric Co., Ltd..................... 458,400 440,071 1921 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # Taiwan Secom Co., Ltd.............................. 1,062,371 $2,761,881 # Taiwan Semiconductor Co., Ltd...................... 1,523,000 1,578,283 Taiwan Sogo Shin Kong SEC.......................... 1,384,710 1,688,997 # Taiwan Styrene Monomer............................. 3,424,209 1,434,755 Taiwan Surface Mounting Technology Co., Ltd........ 1,570,132 2,038,270 # Taiwan TEA Corp.................................... 4,238,897 2,369,722 # Taiwan Union Technology Corp....................... 1,360,000 1,227,444 # Taiyen Biotech Co., Ltd............................ 821,883 640,695 #* Tatung Co., Ltd.................................... 13,411,015 3,748,522 # Te Chang Construction Co., Ltd..................... 412,482 358,932 * Tecom Co., Ltd..................................... 108,114 10,094 #* Tekcore Co., Ltd................................... 360,000 117,352 Ten Ren Tea Co., Ltd............................... 187,980 278,513 Test Research, Inc................................. 898,821 1,451,123 Test-Rite International Co., Ltd................... 1,698,495 1,124,451 Tex-Ray Industrial Co., Ltd........................ 598,000 243,488 # ThaiLin Semiconductor Corp......................... 226,000 179,158 # Thinking Electronic Industrial Co., Ltd............ 466,204 675,759 # Thye Ming Industrial Co., Ltd...................... 1,000,669 1,163,744 Ton Yi Industrial Corp............................. 2,294,644 1,474,948 # Tong Hsing Electronic Industries, Ltd.............. 816,963 2,964,912 # Tong Yang Industry Co., Ltd........................ 2,355,741 2,771,714 # Tong-Tai Machine & Tool Co., Ltd................... 1,411,522 1,427,495 Topco Scientific Co., Ltd.......................... 865,363 1,562,478 # Topco Technologies Corp............................ 121,000 269,317 # Topoint Technology Co., Ltd........................ 885,776 781,404 # Toung Loong Textile Manufacturing.................. 451,000 1,223,068 # Trade-Van Information Services Co.................. 253,000 220,117 Transasia Airways Corp............................. 1,486,000 652,205 Tripod Technology Corp............................. 2,338,000 5,062,224 Tsann Kuen Enterprise Co., Ltd..................... 551,686 561,519 # TSC Auto ID Technology Co., Ltd.................... 122,000 999,400 # TSRC Corp.......................................... 969,200 1,152,803 # Ttet Union Corp.................................... 270,000 606,837 # TTFB Co., Ltd...................................... 48,000 370,034 TTY Biopharm Co., Ltd.............................. 908,979 1,861,409 # Tung Ho Steel Enterprise Corp...................... 4,672,000 3,482,143 # Tung Ho Textile Co., Ltd........................... 598,000 154,442 # Tung Thih Electronic Co., Ltd...................... 336,600 1,260,510 # TURVO International Co., Ltd....................... 269,112 799,416 TXC Corp........................................... 1,845,053 2,229,822 * TYC Brother Industrial Co., Ltd.................... 1,051,980 746,761 #* Tycoons Group Enterprise........................... 2,934,182 555,523 * Tyntek Corp.()..................................... 196,353 8,723 * Tyntek Corp.(6136222).............................. 1,447,686 588,802 * TZE Shin International Co., Ltd.................... 1 -- # Ubright Optronics Corp............................. 235,500 349,941 # Unic Technology Corp............................... 72,723 27,207 #* Union Bank Of Taiwan............................... 5,542,707 1,843,176 #* Union Insurance Co., Ltd........................... 519,660 410,975 # Unitech Computer Co., Ltd.......................... 690,804 392,772 Unitech Printed Circuit Board Corp................. 3,473,370 1,522,105 # United Integrated Services Co., Ltd................ 1,314,439 1,278,241 1922 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # Unity Opto Technology Co., Ltd..................... 1,734,500 $1,605,967 # Universal Cement Corp.............................. 2,140,114 1,828,704 # Unizyx Holding Corp................................ 2,452,430 1,328,085 # UPC Technology Corp................................ 4,254,447 1,581,967 # Userjoy Technology Co., Ltd........................ 74,000 124,830 # USI Corp........................................... 4,586,734 2,583,972 Ve Wong Corp....................................... 621,696 463,852 # Viking Tech Corp................................... 480,815 355,498 Visual Photonics Epitaxy Co., Ltd.................. 1,462,696 1,482,140 # Vivotek, Inc....................................... 385,443 1,209,188 #* Wafer Works Corp................................... 2,525,392 1,129,396 Wah Hong Industrial Corp........................... 354,021 384,516 # Wah Lee Industrial Corp............................ 976,000 1,663,239 * Walsin Lihwa Corp.................................. 3,115,000 961,510 #* Walsin Technology Corp............................. 3,637,873 1,411,606 # Walton Advanced Engineering, Inc................... 1,884,197 829,026 WAN HWA Enterprise Co.............................. 658,083 311,391 # Waterland Financial Holdings Co., Ltd.............. 5,457,197 1,447,826 #* Ways Technical Corp., Ltd.......................... 436,000 406,424 * WEI Chih Steel Industrial Co., Ltd................. 433,000 54,408 # Wei Chuan Foods Corp............................... 1,898,000 1,534,472 #* Wei Mon Industry Co., Ltd.......................... 2,086,282 601,810 # Weikeng Industrial Co., Ltd........................ 1,245,100 925,709 # Well Shin Technology Co., Ltd...................... 439,000 669,343 #* Wha Yu Industrial Co., Ltd......................... 108,000 44,291 Win Semiconductors Corp............................ 3,660,000 3,844,729 #* Winbond Electronics Corp........................... 12,634,138 3,961,398 * Wintek Corp........................................ 5,447,000 316,309 # Wisdom Marine Lines Co., Ltd....................... 1,415,402 1,664,104 # Wistron NeWeb Corp................................. 1,346,682 2,888,925 WT Microelectronics Co., Ltd.(6290991)............. 1,833,024 2,676,161 * WT Microelectronics Co., Ltd.().................... 217,205 56,518 # WUS Printed Circuit Co., Ltd....................... 1,952,000 923,677 # X-Legend Entertainment Co., Ltd.................... 124,125 653,328 # XAC Automation Corp................................ 144,000 259,456 Xxentria Technology Materials Corp................. 776,207 2,211,342 # Yageo Corp......................................... 1,374,028 2,460,786 # YC Co., Ltd........................................ 2,332,926 1,170,047 # YC INOX Co., Ltd................................... 1,848,171 1,416,376 # YeaShin International Development Co., Ltd......... 1,002,350 570,299 # Yeong Guan Energy Technology Group Co., Ltd........ 296,279 1,226,213 # YFY, Inc........................................... 7,596,212 3,130,945 # Yi Jinn Industrial Co., Ltd........................ 1,154,094 292,294 # Yieh Phui Enterprise Co., Ltd...................... 6,194,804 1,797,154 # Yonyu Plastics Co., Ltd............................ 425,600 499,352 #* Young Fast Optoelectronics Co., Ltd................ 877,872 631,773 # Young Optics, Inc.................................. 379,111 796,961 # Youngtek Electronics Corp.......................... 604,412 1,203,269 Yufo Electronics Co., Ltd.......................... 98,000 59,088 Yung Chi Paint & Varnish Manufacturing Co., Ltd.... 389,869 1,038,009 # Yungshin Construction & Development Co., Ltd....... 282,000 569,969 YungShin Global Holding Corp....................... 913,300 1,556,458 # Yungtay Engineering Co., Ltd....................... 2,150,000 4,970,432 1923 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ TAIWAN -- (Continued) # Zeng Hsing Industrial Co., Ltd.................... 278,107 $ 1,395,526 # Zenitron Corp..................................... 1,100,000 598,730 # Zig Sheng Industrial Co., Ltd..................... 2,796,732 798,338 # Zinwell Corp...................................... 1,809,586 1,815,202 # Zippy Technology Corp............................. 604,948 750,620 # ZongTai Real Estate Development Co., Ltd.......... 756,090 434,749 ------------ TOTAL TAIWAN.......................................... 752,971,917 ------------ THAILAND -- (3.9%) AAPICO Hitech PCL(B013KZ2)........................ 47,300 20,666 AAPICO Hitech PCL(B013L48)........................ 964,380 421,345 Aeon Thana Sinsap Thailand PCL.................... 142,500 478,918 * AJ Plast PCL...................................... 1,601,288 445,210 Amarin Printing & Publishing PCL.................. 77,660 24,677 Amata Corp. PCL................................... 5,111,800 2,592,603 Ananda Development PCL............................ 15,869,800 1,842,507 AP Thailand PCL................................... 14,216,916 2,779,965 * Apex Development PCL.............................. 3,536 -- Asia Green Energy PCL............................. 1,711,270 122,346 Asia Plus Group Holdings Securities............... 10,379,800 1,395,390 Asian Insulators PCL.............................. 2,273,500 840,493 Bangchak Petroleum PCL (The)...................... 4,817,500 5,041,227 Bangkok Aviation Fuel Services PCL................ 1,434,017 1,402,033 Bangkok Chain Hospital PCL........................ 9,181,837 2,398,555 Bangkok Expressway PCL............................ 2,873,100 3,423,492 Bangkok Insurance PCL............................. 180,181 2,009,351 Bangkok Life Assurance PCL(B4QDD45)............... 218,000 346,349 Bangkok Life Assurance PCL(B4Q98Z9)............... 87,200 138,540 * Bangkok Rubber PCL................................ 14,600 -- Bangkokland PCL................................... 81,318,070 4,372,741 Bumrungrad Hospital PCL........................... 110,100 524,766 Cal-Comp Electronics Thailand PCL................. 15,528,716 1,755,461 * Central Paper Industry P.L.C...................... 20 -- Central Plaza Hotel PCL........................... 4,356,900 4,525,958 CH Karnchang PCL.................................. 5,932,905 5,302,092 Charoong Thai Wire & Cable PCL.................... 1,317,400 487,031 Christiani & Nielsen Thai......................... 2,554,300 409,718 * CK Power PCL...................................... 2,893,000 1,529,145 * Country Group Securities.......................... 7,794,200 378,637 CS Loxinfo PCL.................................... 1,759,200 416,554 Delta Electronics Thailand PCL.................... 1,117,200 2,534,436 Dhipaya Insurance PCL............................. 928,300 1,120,313 Diamond Building Products PCL..................... 3,893,700 648,355 DSG International Thailand PCL.................... 4,018,840 1,012,998 Dynasty Ceramic PCL............................... 13,534,000 2,460,351 Eastern Water Resources Development and Management PCL.................................. 4,685,900 1,574,852 Erawan Group PCL (The)............................ 13,252,370 1,975,911 * Esso Thailand PCL................................. 12,141,400 1,910,425 * G J Steel PCL..................................... 142,929,800 262,016 * G Steel PCL....................................... 27,015,300 107,302 GFPT PCL.......................................... 4,603,000 2,207,977 * GMM Grammy PCL.................................... 374,960 163,823 * Golden Land Property Development PCL.............. 5,692,300 1,408,727 1924 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ---------- THAILAND -- (Continued) Grand Canal Land PCL............................... 4,901,700 $ 500,204 * Grande Asset Hotels & Property PCL................. 12,477,500 815,822 Hana Microelectronics PCL.......................... 2,620,296 3,222,332 Hemaraj Land and Development PCL................... 33,959,700 4,606,815 ICC International PCL.............................. 204,600 246,920 * Italian-Thai Development PCL....................... 19,673,827 5,349,742 * ITV PCL............................................ 2,785,600 -- Jay Mart PCL....................................... 1,750,125 700,478 Jubilee Enterprise PCL............................. 177,300 186,888 Kang Yong Electric PCL............................. 36,400 294,714 KCE Electronics PCL................................ 1,786,218 2,578,637 KGI Securities Thailand PCL........................ 9,781,400 1,141,612 Khon Kaen Sugar Industry PCL....................... 5,083,500 2,034,643 Kiatnakin Bank PCL................................. 3,052,200 3,776,783 Laguna Resorts & Hotels PCL........................ 197,000 177,559 Lanna Resources PCL................................ 1,894,350 677,174 LH Financial Group PCL............................. 27,662,484 1,673,441 Loxley PCL......................................... 8,066,176 1,059,718 LPN Development PCL(B00PXK5)....................... 411,500 264,024 LPN Development PCL(B00Q643)....................... 4,549,000 2,918,698 Major Cineplex Group PCL........................... 3,105,500 2,561,824 Maybank Kim Eng Securities Thailand PCL............ 632,500 469,592 MBK PCL............................................ 5,705,900 2,562,687 MCOT PCL........................................... 2,387,500 1,152,536 Modernform Group PCL............................... 1,623,100 495,906 Muang Thai Insurance PCL........................... 61,288 291,179 Muramoto Electron Thailand PCL..................... 14,000 96,242 Nation Multimedia Group PCL........................ 14,377,900 786,326 * Natural Park PCL................................... 46,516,800 71,061 Nava Nakorn PCL.................................... 1,715,500 99,586 Noble Development PCL.............................. 621,200 204,979 * Polyplex Thailand PCL.............................. 2,913,300 943,507 Precious Shipping PCL.............................. 3,924,500 1,678,674 Premier Marketing PCL.............................. 1,726,400 506,368 President Rice Products PCL........................ 3,375 4,718 * Property Perfect PCL............................... 22,872,900 887,522 Pruksa Real Estate PCL............................. 3,582,000 3,529,468 PTG Energy PCL..................................... 5,284,000 928,292 Quality Houses PCL................................. 47,177,808 5,650,382 * Raimon Land PCL.................................... 21,994,800 1,384,335 * Regional Container Lines PCL....................... 3,392,800 984,772 * Rojana Industrial Park PCL......................... 5,762,900 1,426,199 RS PCL............................................. 3,647,100 2,228,598 Saha Pathana Inter-Holding PCL..................... 680,300 505,081 Saha-Union PCL..................................... 746,600 946,651 * Sahaviriya Steel Industries PCL.................... 105,454,600 869,928 Samart Corp. PCL................................... 3,498,300 4,355,506 Samart I-Mobile PCL................................ 12,701,000 1,288,339 Samart Telcoms PCL................................. 2,212,100 1,723,451 Sansiri PCL........................................ 45,081,210 2,493,034 SC Asset Corp PCL.................................. 14,046,225 1,570,705 Siam Future Development PCL........................ 7,221,961 1,489,405 Siam Global House PCL.............................. 4,788,680 1,726,441 1925 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ------------ THAILAND -- (Continued) Siamgas & Petrochemicals PCL....................... 3,439,500 $ 1,219,010 Sino Thai Engineering & Construction PCL........... 5,251,500 4,211,790 SNC Former PCL..................................... 869,400 403,754 Somboon Advance Technology PCL..................... 1,933,737 1,057,559 SPCG PCL........................................... 2,848,000 2,458,173 Sri Ayudhya Capital PCL............................ 182,400 207,589 Sri Trang Agro-Industry PCL........................ 5,021,890 2,086,700 Sriracha Construction PCL.......................... 1,085,600 1,044,803 Srithai Superware PCL.............................. 14,609,400 1,205,175 STP & I PCL........................................ 5,087,440 3,093,188 Supalai PCL........................................ 6,681,433 4,980,964 Susco PCL.......................................... 1,939,800 220,472 SVI PCL............................................ 8,178,900 1,069,529 Symphony Communication PCL......................... 692,400 315,208 * Tata Steel Thailand PCL............................ 27,039,000 669,160 Thai Agro Energy PCL............................... 378,870 44,450 * Thai Airways International PCL(6364971)............ 141,400 66,099 * Thai Airways International PCL(6888868)............ 6,713,400 3,138,253 * Thai Carbon Black PCL.............................. 504,600 408,552 Thai Central Chemical PCL.......................... 220,400 222,218 Thai Metal Trade PCL............................... 629,300 201,884 Thai Rayon PCL..................................... 9,400 7,467 Thai Rung Union Car PCL............................ 786,120 121,293 Thai Stanley Electric PCL.......................... 206,600 1,294,012 Thai Steel Cable PCL............................... 3,400 1,454 Thai Vegetable Oil PCL............................. 3,091,275 2,106,185 Thai Wacoal PCL.................................... 78,000 120,348 Thai-German Ceramic Industry PCL................... 3,855,000 372,191 Thaicom PCL........................................ 3,837,200 4,572,282 Thanachart Capital PCL............................. 4,981,900 5,061,050 Thitikorn PCL...................................... 742,400 249,508 * Thoresen Thai Agencies PCL......................... 4,868,396 2,558,399 Ticon Industrial Connection PCL.................... 7,067,484 3,843,606 Tipco Asphalt PCL.................................. 774,090 1,933,451 * TIPCO Foods PCL.................................... 1,278,482 291,008 Tisco Financial Group PCL(B3KFW10)................. 677,900 963,103 Tisco Financial Group PCL(B3KFW76)................. 2,350,800 3,339,817 Toyo-Thai Corp. PCL(B5ML0D8)....................... 1,350,871 1,135,012 Toyo-Thai Corp. PCL(B5ML0B6)....................... 687,528 577,666 TPI Polene PCL..................................... 75,786,600 5,603,531 TTW PCL............................................ 13,650,100 5,129,735 Union Mosaic Industry PCL (The).................... 272,000 50,694 Unique Engineering & Construction PCL.............. 3,613,470 1,744,358 Univanich Palm Oil PCL............................. 939,000 306,975 Univentures PCL.................................... 7,086,000 2,045,912 Vanachai Group PCL................................. 6,608,559 1,645,578 Vibhavadi Medical Center PCL....................... 4,290,920 1,953,398 Vinythai PCL....................................... 2,792,934 870,392 * Workpoint Entertainment PCL........................ 1,082,100 1,793,582 ------------ TOTAL THAILAND......................................... 218,969,291 ------------ TURKEY -- (2.3%) # Adana Cimento Sanayii TAS Class A.................. 507,598 1,338,802 1926 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TURKEY -- (Continued) Adel Kalemcilik Ticaret ve Sanayi A.S................ 22,672 $ 631,436 #* Adese Alisveris Merkezleri Ticaret A.S............... 331,389 1,203,472 * Afyon Cimento Sanayi TAS............................. 2,020 106,274 Akcansa Cimento A.S.................................. 436,252 3,076,822 #* Akenerji Elektrik Uretim A.S......................... 1,985,533 993,844 # Akfen Holding A.S.................................... 885,501 1,817,926 * AKIS Gayrimenkul Yatirimi A.S........................ 52,982 48,407 Aksa Akrilik Kimya Sanayii A.S....................... 843,653 3,270,124 Aksigorta A.S........................................ 995,287 1,023,561 * Aktas Elektrik Ticaret A.S........................... 370 -- # Alarko Holding A.S................................... 682,424 1,192,907 Albaraka Turk Katilim Bankasi A.S.................... 2,707,855 1,908,616 # Alkim Alkali Kimya A.S............................... 6,300 36,585 * Anadolu Anonim Turk Sigorta Sirketi.................. 1,936,423 1,113,958 # Anadolu Cam Sanayii A.S.............................. 1,303,410 1,067,573 # Anadolu Hayat Emeklilik A.S.......................... 800,433 1,775,417 # Anadolu Isuzu Otomotiv Sanayi Ve Ticaret A.S......... 105,289 976,266 #* Asya Katilim Bankasi A.S............................. 5,934,410 1,506,478 # Aygaz A.S............................................ 124,525 527,739 #* Bagfas Bandirma Gubre Fabrikalari A.S................ 270,720 1,593,270 #* Banvit Bandirma Vitaminli Yem Sanayii ASA............ 297,934 373,950 Baticim Bati Anadolu Cimento Sanayii A.S............. 319,448 977,902 #* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S.... 885,060 838,234 # Bizim Toptan Satis Magazalari A.S.................... 196,968 1,429,115 #* Bolu Cimento Sanayii A.S............................. 514,692 1,292,332 # Borusan Mannesmann Boru Sanayi ve Ticaret A.S........ 511,465 1,493,157 #* Bosch Fren Sistemleri................................ 989 65,062 #* Boyner Perakende Ve Tekstil Yatirimlari AS........... 110,344 2,143,779 # Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S...... 457,826 2,024,112 Bursa Cimento Fabrikasi A.S.......................... 229,830 536,026 * Celebi Hava Servisi A.S.............................. 45,555 598,832 Cimsa Cimento Sanayi VE Ticaret A.S.................. 505,224 3,560,755 #* Deva Holding A.S..................................... 683,187 698,480 #* Dogan Sirketler Grubu Holding A.S.................... 8,190,404 2,467,524 Dogus Otomotiv Servis ve Ticaret A.S................. 595,613 3,383,611 #* Dyo Boya Fabrikalari Sanayi ve Ticaret A.S........... 541,645 483,735 # Eczacibasi Yatirim Holding Ortakligi A.S............. 354,065 1,232,768 # EGE Endustri VE Ticaret A.S.......................... 7,414 616,987 EGE Seramik Sanayi ve Ticaret A.S.................... 822,424 1,423,724 # EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.............................. 1,950,686 2,471,584 #* Fenerbahce Futbol A.S................................ 84,383 1,179,657 #* Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S... 81,766 610,535 Gentas Genel Metal Sanayi ve Ticaret A.S............. 638,918 429,544 * Global Yatirim Holding A.S........................... 2,051,887 1,397,122 * Goldas Kuyumculuk Sanayi Ithalat ve Ihracat A.S...... 8,540 -- # Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S.. 62,751 1,944,092 # Goodyear Lastikleri TAS.............................. 37,464 1,245,878 #* Gozde Girisim Sermayesi Yatirim Ortakligi A.S........ 1,114,071 1,364,281 #* GSD Holding.......................................... 2,604,393 1,612,322 # Gubre Fabrikalari TAS................................ 900,985 2,047,670 * Gunes Sigorta........................................ 109,319 109,041 #* Hurriyet Gazetecilik A.S............................. 1,395,690 471,010 #* Ihlas Holding A.S.................................... 7,680,340 876,732 1927 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TURKEY -- (Continued) #* Ihlas Madencilik A.S................................ 148,484 $ 73,006 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S....................................... 185,688 444,093 #* Ipek Dogal Enerji Kaynaklari Ve Uretim A.S.......... 1,329,455 860,575 Is Finansal Kiralama A.S............................ 1,034,680 434,570 Is Yatirim Menkul Degerler A.S. Class A............. 272,347 140,063 #* Izmir Demir Celik Sanayi A.S........................ 819,232 904,601 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A........................................... 1,565,502 1,517,808 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B........................................... 748,561 844,568 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D........................................... 6,697,063 5,478,561 #* Karsan Otomotiv Sanayii Ve Ticaret A.S.............. 1,639,695 1,128,119 # Kartonsan Karton Sanayi ve Ticaret A.S.............. 12,685 1,298,010 Konya Cimento Sanayii A.S........................... 8,645 1,135,816 # Koza Altin Isletmeleri A.S.......................... 55,986 442,805 #* Koza Anadolu Metal Madencilik Isletmeleri A.S....... 1,427,863 988,431 Mardin Cimento Sanayii ve Ticaret A.S............... 288,609 594,656 #* Marshall Boya ve Vernik............................. 37,108 696,546 #* Menderes Tekstil Sanayi ve Ticaret A.S.............. 822,847 261,392 #* Metro Ticari ve Mali Yatirimlar Holding A.S......... 2,278,836 586,163 * Mondi Tire Kutsan Kagit Ve Ambalaj Sanayii A.S...... 149,549 72,579 * Mudurnu Tavukculuk A.S.............................. 1,740 -- * Nergis Holding A.S.................................. 1,784 -- #* NET Holding A.S..................................... 1,444,578 2,315,926 #* Netas Telekomunikasyon A.S.......................... 226,959 938,795 Nuh Cimento Sanayi A.S.............................. 339,327 1,494,867 # Otokar Otomotiv Ve Savunma Sanayi A.S............... 107,742 4,209,338 # Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S............................................... 618,340 1,033,460 #* Parsan Makina Parcalari............................. 140,357 302,933 # Petkim Petrokimya Holding A.S....................... 1,119,029 1,744,599 Pinar Entegre Et ve Un Sanayi A.S................... 142,526 563,123 Pinar SUT Mamulleri Sanayii A.S..................... 135,586 1,218,555 * Raks Elektronik Sanayi ve Ticaret A.S............... 2,730 -- Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.. 356,531 451,099 #* Sasa Polyester Sanayi A.S........................... 756,712 644,778 #* Sekerbank TAS....................................... 3,438,779 2,646,908 Selcuk Ecza Deposu Ticaret ve Sanayi A.S............ 1,294,214 1,181,344 # Soda Sanayii A.S.................................... 1,412,501 3,010,720 #* Tat Gida Sanayi A.S................................. 729,258 1,200,708 #* Tekfen Holding A.S.................................. 1,393,413 3,263,184 # Teknosa Ic Ve Dis Ticaret A.S....................... 201,012 739,235 #* Tekstil Bankasi A.S................................. 1,337,315 1,020,546 Tofas Turk Otomobil Fabrikasi A.S................... 1 7 Trakya Cam Sanayii A.S.............................. 2,696,210 3,955,481 # Turcas Petrol A.S................................... 685,172 660,930 Turk Traktor ve Ziraat Makineleri A.S............... 67,927 2,243,753 # Turkiye Sinai Kalkinma Bankasi A.S.................. 7,582,370 6,299,300 Vestel Beyaz Esya Sanayi ve Ticaret A.S............. 239,771 983,301 #* Vestel Elektronik Sanayi ve Ticaret A.S............. 1,090,031 2,667,475 1928 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- -------------- TURKEY -- (Continued) #* Zorlu Enerji Elektrik Uretim A.S................. 1,738,991 $ 1,586,039 -------------- TOTAL TURKEY......................................... 130,887,796 -------------- TOTAL COMMON STOCKS.................................. 4,871,362,879 -------------- PREFERRED STOCKS -- (1.0%) BRAZIL -- (0.9%) AES Tiete SA..................................... 859,500 5,309,297 Alpargatas SA.................................... 998,118 3,166,959 Banco ABC Brasil SA.............................. 744,786 3,145,013 Banco Alfa de Investimento SA.................... 2,600 6,692 Banco Daycoval SA................................ 446,827 1,395,572 Banco do Estado do Rio Grande do Sul SA Class B.. 1,721,534 7,859,739 * Banco Industrial e Comercial SA.................. 484,320 983,712 Banco Mercantil do Brasil SA..................... 3,969 6,141 * Banco Pan SA..................................... 2,200,640 1,412,412 Banco Pine SA.................................... 296,003 404,857 Banco Sofisa SA.................................. 75,000 67,577 Centrais Eletricas Santa Catarina................ 79,600 405,371 Cia de Gas de Sao Paulo COMGAS Class A........... 168,387 2,811,199 Cia de Saneamento do Parana...................... 194,601 362,622 Cia de Transmissao de Energia Eletrica Paulista.. 356,993 5,215,926 Cia Energetica de Sao Paulo Class B.............. 42,400 371,257 Cia Energetica do Ceara Class A.................. 107,539 1,435,144 Cia Ferro Ligas da Bahia--Ferbasa................ 315,349 854,407 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA....................................... 1,294,400 3,249,929 Empresa Metropolitana de Aguas e Energia SA...... 12,900 16,009 * Eucatex SA Industria e Comercio.................. 223,327 257,818 * Forjas Taurus SA................................. 13,585 17,557 * Gol Linhas Aereas Inteligentes SA................ 747,617 3,382,211 Marcopolo SA..................................... 4,385,100 4,389,787 Parana Banco SA.................................. 52,900 189,263 Randon Participacoes SA.......................... 1,547,357 2,307,505 Saraiva SA Livreiros Editores.................... 178,773 304,941 Schulz SA........................................ 9,000 14,205 * Sharp SA......................................... 30,200,000 -- Unipar Carbocloro SA Class B..................... 279,095 462,127 1929 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- -------------- BRAZIL -- (Continued) * Usinas Siderurgicas de Minas Gerais SA Class A................................... 1,010,800 $ 1,261,970 -------------- TOTAL BRAZIL...................................... 51,067,219 -------------- CHILE -- (0.0%) Coca-Cola Embonor SA Class B................ 8,190 10,903 -------------- COLOMBIA -- (0.1%) Avianca Holdings SA......................... 1,847,698 2,798,051 -------------- TOTAL PREFERRED STOCKS............................ 53,876,173 -------------- RIGHTS/WARRANTS -- (0.0%) CHINA -- (0.0%) #* Golden Meditech Holdings, Ltd. Warrants 07/30/15.................................. 860,943 7,774 -------------- HONG KONG -- (0.0%) * HKC Holdings, Ltd. Warrants 10/15/15........ -- -- -------------- INDONESIA -- (0.0%) * Pabrik Kertas Tjiwi Kimia Tbk PT Warrants 07/11/17.................................. 185,833 2,289 -------------- MALAYSIA -- (0.0%) * CB Industrial Product Holdings Bhd Warrants 12/31/15.................................. 210,003 29,521 * Eastern & Oriental Bhd...................... 1,228,440 -- * Goldis Bhd 02/06/15......................... 453,208 625 * Inari Amertron Rights 05/15/15.............. 35,013 21,617 * Insas Bhd................................... 895,656 51,843 * Mah Sing Group Bhd.......................... 2,267,526 281,253 -------------- TOTAL MALAYSIA.................................... 384,859 -------------- POLAND -- (0.0%) * PZ Cormay SA Rights......................... 40,772 73 -------------- SOUTH AFRICA -- (0.0%) * Invicta Holdings, Ltd....................... 62,736 40,406 -------------- SOUTH KOREA -- (0.0%) * Hyundai Merchant Marine Co., Ltd............ 1,909 5,203 -------------- THAILAND -- (0.0%) * Loxley PCL Warrants 09/30/17................ 63,889 3,728 * Sansiri PCL Warrants 11/24/17............... 4,378,983 44,151 -------------- TOTAL THAILAND.................................... 47,879 -------------- TOTAL RIGHTS/WARRANTS............................. 488,483 -------------- SECURITIES LENDING COLLATERAL -- (11.7%) (S)@ DFA Short Term Investment Fund.............. 56,308,711 651,491,785 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,252,583,392)^^......................... $5,577,219,320 ============== 1930 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks............... Argentina................ -- $ 1 -- $ 1 Brazil................... $ 16,210,248 271,549,216 -- 287,759,464 Chile.................... 2,095,168 58,803,587 -- 60,898,755 China.................... 265,088 719,676,615 -- 719,941,703 Colombia................. 2,937,942 -- -- 2,937,942 Greece................... -- 23,581,414 -- 23,581,414 Hungary.................. -- 613,950 -- 613,950 India.................... 10,354,137 666,887,731 -- 677,241,868 Indonesia................ 2,681,267 166,991,894 -- 169,673,161 Israel................... -- 1 -- 1 Malaysia................. -- 231,300,214 -- 231,300,214 Mexico................... 204,526,863 3,008,922 -- 207,535,785 Philippines.............. -- 88,215,028 -- 88,215,028 Poland................... 79,881 96,823,049 -- 96,902,930 South Africa............. 15,568,434 422,814,577 -- 438,383,011 South Korea.............. 3,124,715 760,423,933 -- 763,548,648 Taiwan................... 415,020 752,556,897 -- 752,971,917 Thailand................. 218,969,291 -- -- 218,969,291 Turkey................... -- 130,887,796 -- 130,887,796 Preferred Stocks............ Brazil................... 4,072,840 46,994,379 -- 51,067,219 Chile.................... -- 10,903 -- 10,903 Colombia................. 2,798,051 -- -- 2,798,051 Rights/Warrants............. China.................... -- 7,774 -- 7,774 Hong Kong................ -- -- -- -- Indonesia................ -- 2,289 -- 2,289 Malaysia................. -- 384,859 -- 384,859 Poland................... -- 73 -- 73 South Africa............. -- 40,406 -- 40,406 South Korea.............. -- 5,203 -- 5,203 Thailand................. -- 47,879 -- 47,879 Securities Lending Collateral................ -- 651,491,785 -- 651,491,785 ------------ -------------- -- -------------- TOTAL....................... $484,098,945 $5,093,120,375 -- $5,577,219,320 ============ ============== == ============== 1931 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE+ --------- ------------ COMMON STOCKS -- (94.8%) Consumer Discretionary -- (17.3%) * 1-800-Flowers.com, Inc. Class A.................... 44,330 $ 349,764 # Aaron's, Inc....................................... 4,830 152,918 AH Belo Corp. Class A.............................. 14,556 131,295 Arctic Cat, Inc.................................... 3,436 115,518 #* Ascent Capital Group, Inc. Class A................. 8,564 362,343 # Autoliv, Inc....................................... 9,404 997,388 * Ballantyne Strong, Inc............................. 9,030 36,933 #* Barnes & Noble, Inc................................ 12,200 286,578 Bassett Furniture Industries, Inc.................. 2,900 64,438 Beasley Broadcast Group, Inc. Class A.............. 9,471 49,439 * Beazer Homes USA, Inc.............................. 4,326 68,351 * Belmond, Ltd. Class A.............................. 75,198 826,426 Best Buy Co., Inc.................................. 197,800 6,962,560 Big 5 Sporting Goods Corp.......................... 8,501 101,247 * Biglari Holdings, Inc.............................. 2,343 969,932 * BJ's Restaurants, Inc.............................. 25,971 1,150,256 # Bob Evans Farms, Inc............................... 52,387 2,953,055 # Bon-Ton Stores, Inc. (The)......................... 2,986 16,363 #* Books-A-Million, Inc............................... 8,187 20,631 Brown Shoe Co., Inc................................ 74,697 2,120,648 * Build-A-Bear Workshop, Inc......................... 25,874 533,522 #* Cabela's, Inc...................................... 53,051 2,915,152 # Callaway Golf Co................................... 38,543 314,511 * Cambium Learning Group, Inc........................ 37,733 94,710 * Canterbury Park Holding Corp....................... 2,755 27,688 Carnival Corp...................................... 489,649 21,524,970 # Carriage Services, Inc............................. 20,916 455,969 #* Cavco Industries, Inc.............................. 7,600 558,676 # CBS Corp. Class A.................................. 28,263 1,581,456 CBS Corp. Class B.................................. 201,625 11,051,066 * Christopher & Banks Corp........................... 56,231 292,964 Churchill Downs, Inc............................... 7,682 729,713 * Citi Trends, Inc................................... 3,415 78,169 # Columbia Sportswear Co............................. 8,634 366,945 Comcast Corp. Class A.............................. 3,446,875 183,184,172 # Comcast Corp. Special Class A...................... 1,088,341 57,573,239 #* Conn's, Inc........................................ 25,450 400,583 Core-Mark Holding Co., Inc......................... 48,118 3,208,508 # CSS Industries, Inc................................ 13,050 354,960 CST Brands, Inc.................................... 50,181 2,162,801 Culp, Inc.......................................... 10,036 201,623 #* Delta Apparel, Inc................................. 7,532 69,671 Destination Maternity Corp......................... 200 3,062 #* Destination XL Group, Inc.......................... 15,601 79,253 DeVry Education Group, Inc......................... 8,757 371,384 Dillard's, Inc. Class A............................ 120,300 13,666,080 * Discovery Communications, Inc...................... 3,762 104,885 * Discovery Communications, Inc. Class B............. 3,762 105,637 * Dixie Group, Inc. (The)............................ 11,800 95,344 #* Dorman Products, Inc............................... 20,712 947,160 Dover Motorsports, Inc............................. 15,098 39,859 1932 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) DR Horton, Inc..................................... 208,125 $ 5,103,225 #* DreamWorks Animation SKG, Inc. Class A............. 46,429 866,829 Educational Development Corp....................... 1,679 6,934 * Eldorado Resorts, Inc.............................. 18,512 73,400 # Escalade, Inc...................................... 277 4,221 * EVINE Live, Inc.................................... 3,998 25,067 #* EW Scripps Co. (The) Class A....................... 41,061 810,134 #* Federal-Mogul Holdings Corp........................ 38,585 522,055 Flanigan's Enterprises, Inc........................ 865 33,086 Flexsteel Industries, Inc.......................... 2,068 61,626 Foot Locker, Inc................................... 15,700 835,554 Ford Motor Co...................................... 169,046 2,486,667 # Fred's, Inc. Class A............................... 47,275 784,765 Frisch's Restaurants, Inc.......................... 600 16,620 #* FTD Cos., Inc...................................... 24,893 852,585 #* Fuel Systems Solutions, Inc........................ 3,398 36,495 #* G-III Apparel Group, Ltd........................... 11,394 1,107,497 * Gaiam, Inc. Class A................................ 4,388 32,120 # GameStop Corp. Class A............................. 104,752 3,692,508 #* Gaming Partners International Corp................. 500 4,145 Gannett Co., Inc................................... 119,639 3,710,005 General Motors Co.................................. 802,642 26,182,182 * Genesco, Inc....................................... 7,056 504,151 Graham Holdings Co. Class B........................ 5,780 5,406,150 * Gray Television, Inc............................... 46,874 443,428 # Group 1 Automotive, Inc............................ 57,936 4,657,475 Harte-Hanks, Inc................................... 12,432 90,381 Haverty Furniture Cos., Inc........................ 33,479 817,892 * Helen of Troy, Ltd................................. 64,389 4,843,341 #* hhgregg, Inc....................................... 36,388 199,770 # Hooker Furniture Corp.............................. 14,814 267,245 * Hyatt Hotels Corp. Class A......................... 14,601 821,452 #* Iconix Brand Group, Inc............................ 95,618 3,178,342 # International Speedway Corp. Class A............... 24,844 722,712 * Isle of Capri Casinos, Inc......................... 15,434 158,044 #* JAKKS Pacific, Inc................................. 13,103 78,880 * Jarden Corp........................................ 243,112 11,674,238 #* JC Penney Co., Inc................................. 85,215 619,513 Johnson Outdoors, Inc. Class A..................... 15,588 467,640 * Journal Communications, Inc. Class A............... 77,674 780,624 # KB Home............................................ 30,800 383,768 Kohl's Corp........................................ 14,353 857,161 La-Z-Boy, Inc...................................... 56,332 1,503,501 #* Lakeland Industries, Inc........................... 11,757 99,935 #* Lands' End, Inc.................................... 21,056 730,433 #* Lee Enterprises, Inc............................... 38,128 112,478 # Lennar Corp. Class A............................... 224,100 10,064,331 Lennar Corp. Class B............................... 7,868 284,113 * Liberty Broadband Corp.(530307206)................. 1,905 94,298 * Liberty Broadband Corp.(530307305)................. 67,601 3,001,484 * Liberty Broadband Corp. Class A.................... 24,095 1,071,505 * Liberty Interactive Corp. Class A.................. 882,463 24,144,188 #* Liberty Interactive Corp. Class B.................. 35,706 1,044,043 1933 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Liberty Media Corp................................. 208,010 $ 7,097,301 * Liberty Media Corp. Class A........................ 96,383 3,281,841 * Liberty Media Corp. Class B........................ 7,622 302,212 * Liberty TripAdvisor Holdings, Inc. Class A......... 76,802 1,838,640 * Liberty TripAdvisor Holdings, Inc. Class B......... 3,570 90,392 * Liberty Ventures Series A.......................... 202,261 7,554,448 #* Liberty Ventures Series B.......................... 8,645 337,630 #* Life Time Fitness, Inc............................. 13,317 728,040 # Lifetime Brands, Inc............................... 16,431 259,281 Lithia Motors, Inc. Class A........................ 34,933 2,958,825 * Live Nation Entertainment, Inc..................... 145,347 3,454,898 * Loral Space & Communications, Inc.................. 26,050 1,873,256 Lowe's Cos., Inc................................... 139,546 9,455,637 * Luby's, Inc........................................ 44,415 216,745 * M/I Homes, Inc..................................... 37,930 782,875 * Madison Square Garden Co. (The) Class A............ 29,558 2,239,019 Marcus Corp. (The)................................. 18,899 356,435 * MarineMax, Inc..................................... 29,164 743,974 Marriott Vacations Worldwide Corp.................. 2,531 193,622 #* Martha Stewart Living Omnimedia, Inc. Class A...... 980 4,547 * McClatchy Co. (The) Class A........................ 60,603 152,114 * Media General, Inc................................. 25,196 360,303 # Men's Wearhouse, Inc. (The)........................ 52,860 2,456,404 # Meredith Corp...................................... 32,676 1,701,113 #* Meritage Homes Corp................................ 28,156 1,025,160 #* MGM Resorts International.......................... 227,871 4,438,927 * Modine Manufacturing Co............................ 14,650 178,584 * Mohawk Industries, Inc............................. 98,740 16,296,050 * Monarch Casino & Resort, Inc....................... 1,103 19,082 * Motorcar Parts of America, Inc..................... 13,074 341,493 Movado Group, Inc.................................. 36,900 886,707 * Murphy USA, Inc.................................... 47,356 3,305,922 NACCO Industries, Inc. Class A..................... 6,832 376,102 * New York & Co., Inc................................ 6,926 15,930 * News Corp. Class A................................. 402,247 5,989,458 * News Corp. Class B................................. 99,903 1,442,599 * Office Depot, Inc.................................. 181,609 1,380,228 #* Pacific Sunwear of California, Inc................. 12,650 34,788 #* Penn National Gaming, Inc.......................... 63,446 949,787 Penske Automotive Group, Inc....................... 43,845 2,119,906 * Pep Boys-Manny, Moe & Jack (The)................... 75,098 633,076 * Perry Ellis International, Inc..................... 21,492 513,874 #* Pinnacle Entertainment, Inc........................ 71,930 1,521,320 PulteGroup, Inc.................................... 143,221 2,948,920 PVH Corp........................................... 31,964 3,524,351 * Radio One, Inc. Class D............................ 13,955 26,235 * RCI Hospitality Holdings, Inc...................... 12,026 117,254 * Red Robin Gourmet Burgers, Inc..................... 31,175 2,416,063 * Regis Corp......................................... 54,292 855,099 Remy International, Inc............................ 2,760 58,705 # Rent-A-Center, Inc................................. 76,435 2,620,192 Rocky Brands, Inc.................................. 8,729 119,675 # Royal Caribbean Cruises, Ltd....................... 322,500 24,364,875 1934 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Consumer Discretionary -- (Continued) #* Ruby Tuesday, Inc.................................. 17,500 $ 105,350 # Saga Communications, Inc. Class A.................. 8,693 353,544 # Salem Communications Corp. Class A................. 10,922 76,126 # Scholastic Corp.................................... 30,900 1,136,502 #* Scientific Games Corp. Class A..................... 25,007 295,333 #* Sears Holdings Corp................................ 25,182 801,795 # Service Corp. International........................ 274,069 6,202,181 #* Shiloh Industries, Inc............................. 24,793 303,218 Shoe Carnival, Inc................................. 33,450 776,709 * Skechers U.S.A., Inc. Class A...................... 49,610 2,993,963 Spartan Motors, Inc................................ 16,820 87,632 # Speedway Motorsports, Inc.......................... 52,187 1,163,248 Stage Stores, Inc.................................. 53,575 1,071,500 Standard Motor Products, Inc....................... 37,342 1,361,489 # Staples, Inc....................................... 497,525 8,482,801 #* Starz.............................................. 84,255 2,487,208 * Starz Class B...................................... 7,622 226,831 Stein Mart, Inc.................................... 22,915 315,310 * Steiner Leisure, Ltd............................... 2,225 97,055 #* Stoneridge, Inc.................................... 19,361 244,336 # Strattec Security Corp............................. 5,224 329,112 # Superior Industries International, Inc............. 37,089 676,874 # Superior Uniform Group, Inc........................ 8,978 340,715 Sypris Solutions, Inc.............................. 8,460 20,262 #* Systemax, Inc...................................... 11,750 153,573 Tandy Leather Factory, Inc......................... 9,974 85,178 Target Corp........................................ 4,925 362,529 Time Warner Cable, Inc............................. 693,942 94,466,324 Time Warner, Inc................................... 1,534,860 119,611,640 # Time, Inc.......................................... 191,857 4,804,099 * Toll Brothers, Inc................................. 203,299 7,038,211 Trans World Entertainment Corp..................... 5,781 20,060 #* Tuesday Morning Corp............................... 60,500 1,070,850 # Twenty-First Century Fox, Inc. Class A............. 1,287,383 42,689,620 Twenty-First Century Fox, Inc. Class B............. 550,972 17,548,458 #* Unifi, Inc......................................... 43,422 1,399,491 * Universal Electronics, Inc......................... 3,206 204,350 Vail Resorts, Inc.................................. 11,600 1,018,016 * VOXX International Corp............................ 3,750 30,000 Walt Disney Co. (The).............................. 26,220 2,384,971 # Wendy's Co. (The).................................. 242,704 2,558,100 * West Marine, Inc................................... 26,468 317,616 Whirlpool Corp..................................... 30,049 5,982,155 Wyndham Worldwide Corp............................. 144,114 12,075,312 ------------ Total Consumer Discretionary........................... 917,929,612 ------------ Consumer Staples -- (7.4%) Alico, Inc......................................... 960 45,638 * Alliance One International, Inc.................... 35,084 36,838 Andersons, Inc. (The).............................. 23,660 1,064,227 Archer-Daniels-Midland Co.......................... 813,476 37,932,386 #* Boulder Brands, Inc................................ 76,099 763,273 Bunge, Ltd......................................... 121,368 10,866,077 1935 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) * CCA Industries, Inc.............................. 8,323 $ 29,131 * Central Garden and Pet Co........................ 25,184 212,805 #* Central Garden and Pet Co. Class A............... 48,121 437,901 * Constellation Brands, Inc. Class A............... 249,042 27,506,689 * Constellation Brands, Inc. Class B............... 12,715 1,442,962 #* Craft Brew Alliance, Inc......................... 9,754 116,073 CVS Health Corp.................................. 1,510,745 148,294,729 #* Farmer Bros. Co.................................. 6,695 200,247 # Fresh Del Monte Produce, Inc..................... 39,437 1,326,266 #* Hain Celestial Group, Inc. (The)................. 87,292 4,606,399 Ingles Markets, Inc. Class A..................... 11,437 487,788 # Ingredion, Inc................................... 62,117 5,009,115 JM Smucker Co. (The)............................. 108,204 11,161,243 John B. Sanfilippo & Son, Inc.................... 10,428 380,309 Kraft Foods Group, Inc........................... 209,706 13,702,190 * Landec Corp...................................... 37,056 473,205 * Mannatech, Inc................................... 717 13,408 MGP Ingredients, Inc............................. 4,788 75,938 # Molson Coors Brewing Co. Class A................. 1,908 157,219 Molson Coors Brewing Co. Class B................. 186,550 14,164,741 Mondelez International, Inc. Class A............. 2,081,099 73,337,929 * Nutraceutical International Corp................. 14,615 285,577 # Oil-Dri Corp. of America......................... 5,047 154,539 * Omega Protein Corp............................... 25,852 272,480 * Pantry, Inc. (The)............................... 22,475 829,328 #* Post Holdings, Inc............................... 50,201 2,371,997 # Sanderson Farms, Inc............................. 16,100 1,287,356 * Seaboard Corp.................................... 1,812 6,930,882 #* Seneca Foods Corp. Class A....................... 6,301 163,070 * Seneca Foods Corp. Class B....................... 300 10,577 # Snyder's-Lance, Inc.............................. 28,337 824,323 SpartanNash Co................................... 34,281 883,079 Spectrum Brands Holdings, Inc.................... 46,130 4,136,938 * TreeHouse Foods, Inc............................. 24,190 2,194,033 Tyson Foods, Inc. Class A........................ 405,030 15,812,371 # Universal Corp................................... 22,290 895,166 # Weis Markets, Inc................................ 11,602 531,720 ------------ Total Consumer Staples............................... 391,428,162 ------------ Energy -- (14.1%) Adams Resources & Energy, Inc.................... 6,004 348,472 # Alon USA Energy, Inc............................. 33,484 404,487 Anadarko Petroleum Corp.......................... 845,068 69,084,309 Apache Corp...................................... 289,715 18,127,468 #* Approach Resources, Inc.......................... 6,883 43,156 Atwood Oceanics, Inc............................. 4,600 131,468 Baker Hughes, Inc................................ 127,976 7,421,328 * Barnwell Industries, Inc......................... 8,038 23,109 Bristow Group, Inc............................... 43,589 2,428,343 #* C&J Energy Services, Inc......................... 37,416 385,385 # Cabot Oil & Gas Corp............................. 568 15,052 #* California Resources Corp........................ 118,504 606,740 * Callon Petroleum Co.............................. 13,214 72,016 1936 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) # Chesapeake Energy Corp............................. 624,655 $ 11,980,883 Chevron Corp....................................... 1,063,078 108,997,387 #* Cloud Peak Energy, Inc............................. 33,115 224,851 # Comstock Resources, Inc............................ 32,421 130,981 ConocoPhillips..................................... 1,766,829 111,274,890 * Contango Oil & Gas Co.............................. 1,064 31,994 # Dawson Geophysical Co.............................. 17,055 184,023 Delek US Holdings, Inc............................. 52,256 1,612,098 # Denbury Resources, Inc............................. 289,460 1,997,274 Devon Energy Corp.................................. 81,126 4,889,464 # Energy XXI, Ltd.................................... 15,380 45,217 EOG Resources, Inc................................. 12,090 1,076,373 * Era Group, Inc..................................... 36,653 825,426 * Escalera Resources Co.............................. 6,444 2,841 Exterran Holdings, Inc............................. 69,200 1,876,012 Exxon Mobil Corp................................... 1,047,299 91,554,879 # Green Plains, Inc.................................. 26,534 621,161 # Gulf Island Fabrication, Inc....................... 15,018 248,848 # Gulfmark Offshore, Inc. Class A.................... 35,505 700,514 #* Harvest Natural Resources, Inc..................... 35,677 22,380 #* Helix Energy Solutions Group, Inc.................. 103,010 1,933,498 # Helmerich & Payne, Inc............................. 108,670 6,472,385 Hess Corp.......................................... 378,130 25,519,994 * HKN, Inc........................................... 564 30,171 HollyFrontier Corp................................. 32,210 1,156,983 #* Hornbeck Offshore Services, Inc.................... 29,719 659,762 * Key Energy Services, Inc........................... 49,745 83,572 Marathon Oil Corp.................................. 903,937 24,044,724 Marathon Petroleum Corp............................ 451,968 41,847,717 #* Matador Resources Co............................... 6,400 137,984 * Matrix Service Co.................................. 15,423 296,122 # Murphy Oil Corp.................................... 189,426 8,507,122 Nabors Industries, Ltd............................. 272,782 3,139,721 National Oilwell Varco, Inc........................ 250,948 13,659,100 * Natural Gas Services Group, Inc.................... 15,026 303,375 * Newfield Exploration Co............................ 48,506 1,444,509 #* Newpark Resources, Inc............................. 97,395 841,493 # Noble Corp. P.L.C.................................. 74,243 1,204,221 Noble Energy, Inc.................................. 133,794 6,387,326 #* Northern Oil and Gas, Inc.......................... 16,372 102,816 Occidental Petroleum Corp.......................... 296,262 23,700,960 #* Overseas Shipholding Group, Inc.................... 2,355 12,011 # Paragon Offshore P.L.C............................. 24,747 51,721 #* Parker Drilling Co................................. 142,573 386,373 Patterson-UTI Energy, Inc.......................... 152,325 2,613,897 #* PDC Energy, Inc.................................... 24,103 1,107,292 #* Penn Virginia Corp................................. 35,279 172,162 #* PHI, Inc. Non-Voting............................... 21,843 747,249 * PHI, Inc. Voting................................... 1,099 37,674 Phillips 66........................................ 883,414 62,121,672 * Pioneer Energy Services Corp....................... 98,221 406,635 Pioneer Natural Resources Co....................... 88,400 13,306,852 QEP Resources, Inc................................. 33,043 668,129 1937 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) * Renewable Energy Group, Inc...................... 2,882 $ 25,189 #* REX American Resources Corp...................... 4,050 224,815 #* Rex Energy Corp.................................. 35,100 124,254 Rowan Cos. P.L.C. Class A........................ 121,858 2,573,641 #* SEACOR Holdings, Inc............................. 36,653 2,637,183 SemGroup Corp. Class A........................... 4,727 318,269 #* Seventy Seven Energy, Inc........................ 44,617 176,237 # Ship Finance International, Ltd.................. 12,481 173,361 #* Stone Energy Corp................................ 1,115 15,699 Superior Energy Services, Inc.................... 75,686 1,513,720 #* Swift Energy Co.................................. 34,900 74,337 # Teekay Corp...................................... 37,720 1,596,688 Tesco Corp....................................... 3,745 38,349 Tesoro Corp...................................... 168,807 13,796,596 #* TETRA Technologies, Inc.......................... 25,510 126,019 #* TGC Industries, Inc.............................. 1,787 3,574 # Tidewater, Inc................................... 49,127 1,437,456 # Transocean, Ltd.................................. 274,265 4,470,519 #* Triangle Petroleum Corp.......................... 7,779 40,840 * Unit Corp........................................ 57,000 1,697,460 Valero Energy Corp............................... 605,899 32,039,939 * Weatherford International P.L.C.................. 281,383 2,906,686 Western Refining, Inc............................ 68,485 2,542,848 * Whiting Petroleum Corp........................... 16,007 480,530 * Willbros Group, Inc.............................. 18,620 103,900 ------------ Total Energy......................................... 749,632,160 ------------ Financials -- (17.7%) # 1st Source Corp.................................. 41,187 1,224,490 ACE, Ltd......................................... 60,924 6,577,355 Aflac, Inc....................................... 81,778 4,667,888 # Alexander & Baldwin, Inc......................... 66,838 2,557,222 * Alleghany Corp................................... 3,115 1,377,110 Allied World Assurance Co. Holdings AG........... 76,431 2,955,587 Allstate Corp. (The)............................. 230,137 16,061,261 American Equity Investment Life Holding Co....... 88,700 2,262,737 American Financial Group, Inc.................... 173,596 10,075,512 #* American Independence Corp....................... 173 1,919 American International Group, Inc................ 899,581 43,962,523 American National Insurance Co................... 37,287 3,879,339 Ameris Bancorp................................... 12,022 290,091 AmeriServ Financial, Inc......................... 33,075 98,894 * Arch Capital Group, Ltd.......................... 2,200 127,534 Argo Group International Holdings, Ltd........... 42,675 2,282,686 Aspen Insurance Holdings, Ltd.................... 102,623 4,445,628 # Associated Banc-Corp............................. 31,434 528,406 Assurant, Inc.................................... 65,820 4,180,228 Assured Guaranty, Ltd............................ 122,989 3,003,391 * Asta Funding, Inc................................ 7,527 63,904 Astoria Financial Corp........................... 19,344 236,577 #* Atlanticus Holdings Corp......................... 19,218 49,198 #* AV Homes, Inc.................................... 3,852 57,741 Axis Capital Holdings, Ltd....................... 8,510 433,159 1938 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Baldwin & Lyons, Inc. Class A...................... 300 $ 7,095 Baldwin & Lyons, Inc. Class B...................... 6,556 151,444 #* Bancorp, Inc. (The)................................ 459 3,911 Bank Mutual Corp................................... 14,475 92,206 Bank of America Corp............................... 5,529,894 83,777,894 Bank of New York Mellon Corp. (The)................ 491,755 17,703,180 # BankFinancial Corp................................. 38,560 436,114 Banner Corp........................................ 7,943 320,738 BB&T Corp.......................................... 96,049 3,389,569 BCB Bancorp, Inc................................... 1,059 12,295 Berkshire Hills Bancorp, Inc....................... 25,980 646,902 #* BofI Holding, Inc.................................. 8,208 692,427 # Capital City Bank Group, Inc....................... 15,389 230,835 Capital One Financial Corp......................... 373,787 27,364,946 * Cascade Bancorp.................................... 15,799 72,991 Cathay General Bancorp............................. 17,730 423,570 Centerstate Banks, Inc............................. 747 8,224 Century Bancorp, Inc. Class A...................... 495 19,196 Chicopee Bancorp, Inc.............................. 1,000 16,460 # Chubb Corp. (The).................................. 14,249 1,394,977 # Cincinnati Financial Corp.......................... 16,226 819,575 CIT Group, Inc..................................... 45,907 2,011,645 Citigroup, Inc..................................... 2,143,604 100,642,208 Citizens Community Bancorp, Inc.................... 10,355 94,386 CME Group, Inc..................................... 414,385 35,347,040 CNA Financial Corp................................. 277,671 10,818,062 CNO Financial Group, Inc........................... 301,264 4,675,617 Codorus Valley Bancorp, Inc........................ 132 2,649 Comerica, Inc...................................... 16,431 681,886 Community West Bancshares.......................... 400 2,700 #* Cowen Group, Inc. Class A.......................... 15,961 66,398 Donegal Group, Inc. Class A........................ 20,677 330,625 # Donegal Group, Inc. Class B........................ 300 6,997 * E*TRADE Financial Corp............................. 89,699 2,067,562 * Eastern Virginia Bankshares, Inc................... 307 1,919 EMC Insurance Group, Inc........................... 18,341 591,681 #* Encore Capital Group, Inc.......................... 627 23,337 Endurance Specialty Holdings, Ltd.................. 76,288 4,662,723 Enterprise Financial Services Corp................. 3,235 61,821 ESB Financial Corp................................. 432 7,219 ESSA Bancorp, Inc.................................. 8,217 99,837 Evans Bancorp, Inc................................. 1,681 39,756 Everest Re Group, Ltd.............................. 34,913 5,983,390 * Farmers Capital Bank Corp.......................... 302 6,747 FBL Financial Group, Inc. Class A.................. 24,660 1,287,005 Federal Agricultural Mortgage Corp. Class A........ 177 4,027 Federal Agricultural Mortgage Corp. Class C........ 9,200 253,460 # Federated National Holding Co...................... 13,665 397,788 Fidelity Southern Corp............................. 7,213 110,287 Fifth Third Bancorp................................ 62,451 1,080,402 * First Acceptance Corp.............................. 30,158 70,268 # First American Financial Corp...................... 61,982 2,108,628 First Bancorp...................................... 16,138 267,891 1939 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) First Business Financial Services, Inc............. 482 $ 21,097 First Citizens BancShares, Inc. Class A............ 8,627 2,105,419 # First Commonwealth Financial Corp.................. 30,547 241,016 First Community Bancshares, Inc.................... 183 2,871 First Defiance Financial Corp...................... 10,880 331,405 # First Federal of Northern Michigan Bancorp, Inc.... 900 5,247 First Financial Northwest, Inc..................... 25,371 304,198 First Merchants Corp............................... 46,827 1,022,702 First Midwest Bancorp, Inc......................... 7,168 110,387 First South Bancorp, Inc........................... 2,278 18,110 FNF Group.......................................... 46,321 1,625,867 * FNFV Group......................................... 15,438 191,431 Fox Chase Bancorp, Inc............................. 351 5,700 * Genworth Financial, Inc. Class A................... 34,964 244,049 # German American Bancorp, Inc....................... 7,459 208,852 GFI Group, Inc..................................... 2,875 16,129 * Global Indemnity P.L.C............................. 8,282 217,320 Goldman Sachs Group, Inc. (The).................... 196,596 33,895,116 # Great Southern Bancorp, Inc........................ 1,616 58,370 # Griffin Land & Nurseries, Inc...................... 1,500 44,460 Guaranty Federal Bancshares, Inc................... 1,684 24,839 * Hallmark Financial Services, Inc................... 25,666 283,353 Hampden Bancorp, Inc............................... 5,886 118,250 # Hanover Insurance Group, Inc. (The)................ 88,829 6,129,201 Hartford Financial Services Group, Inc. (The)...... 314,543 12,235,723 HCC Insurance Holdings, Inc........................ 17,700 944,118 Heartland Financial USA, Inc....................... 465 12,843 HF Financial Corp.................................. 400 5,764 * Hilltop Holdings, Inc.............................. 26,171 475,004 Hingham Institution for Savings.................... 500 44,000 * HMN Financial, Inc................................. 3,456 42,301 Home Bancorp, Inc.................................. 719 15,732 HopFed Bancorp, Inc................................ 6,781 89,577 Horace Mann Educators Corp......................... 58,206 1,773,537 Hudson City Bancorp, Inc........................... 28,191 252,873 Huntington Bancshares, Inc......................... 59,995 601,150 # Iberiabank Corp.................................... 697 38,063 #* Imperial Holdings, Inc............................. 2,882 17,119 # Independence Holding Co............................ 24,172 307,226 Infinity Property & Casualty Corp.................. 15,800 1,110,266 Intercontinental Exchange, Inc..................... 1,479 304,275 International Bancshares Corp...................... 800 18,008 Intervest Bancshares Corp. Class A................. 2,078 20,468 * Investment Technology Group, Inc................... 23,677 491,298 Investors Title Co................................. 1,169 83,864 # Janus Capital Group, Inc........................... 24,840 435,694 JPMorgan Chase & Co................................ 2,054,936 111,747,420 Kemper Corp........................................ 67,002 2,339,040 Kentucky First Federal Bancorp..................... 2,400 19,728 KeyCorp............................................ 526,210 6,835,468 Lakeland Bancorp, Inc.............................. 8,740 94,305 Landmark Bancorp, Inc.............................. 2,066 43,386 # Legg Mason, Inc.................................... 93,283 5,171,610 1940 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) * LendingTree, Inc................................... 5,635 $ 232,049 Leucadia National Corp............................. 29,009 657,634 Lincoln National Corp.............................. 360,493 18,017,440 LNB Bancorp, Inc................................... 13,395 233,073 Loews Corp......................................... 243,798 9,327,711 Louisiana Bancorp, Inc............................. 5,606 119,744 # M&T Bank Corp...................................... 331 37,456 # Macatawa Bank Corp................................. 18,892 99,561 # Maiden Holdings, Ltd............................... 5,792 72,400 MainSource Financial Group, Inc.................... 45,000 864,000 * Markel Corp........................................ 101 69,019 Marlin Business Services Corp...................... 14,241 228,568 MB Financial, Inc.................................. 19,678 559,052 * MBIA, Inc.......................................... 82,267 659,781 * MBT Financial Corp................................. 24,724 126,834 # Meadowbrook Insurance Group, Inc................... 26,353 218,730 Mercantile Bank Corp............................... 4,422 84,018 Meta Financial Group, Inc.......................... 1,083 36,248 MetLife, Inc....................................... 1,125,923 52,355,419 * Metro Bancorp, Inc................................. 26,598 677,185 #* MGIC Investment Corp............................... 72,733 619,685 # MidWestOne Financial Group, Inc.................... 346 9,695 # Montpelier Re Holdings, Ltd........................ 38,746 1,361,147 Morgan Stanley..................................... 1,476,248 49,911,945 MutualFirst Financial, Inc......................... 2,300 50,347 NASDAQ OMX Group, Inc. (The)....................... 42,129 1,921,082 National Penn Bancshares, Inc...................... 1,071 10,389 National Western Life Insurance Co. Class A........ 900 214,551 * Navigators Group, Inc. (The)....................... 3,685 273,501 # New Hampshire Thrift Bancshares, Inc............... 3,667 55,628 # New York Community Bancorp, Inc.................... 54,969 849,271 #* NewBridge Bancorp.................................. 11,413 89,478 #* NewStar Financial, Inc............................. 41,166 435,125 Northeast Community Bancorp, Inc................... 17,190 119,299 Northrim BanCorp, Inc.............................. 5,734 118,866 OFG Bancorp........................................ 30,191 486,075 Old Republic International Corp.................... 280,714 3,941,225 Oppenheimer Holdings, Inc. Class A................. 3,097 61,166 * Pacific Mercantile Bancorp......................... 16,236 111,217 PacWest Bancorp.................................... 1,076 46,004 Park Sterling Corp................................. 3,253 21,795 PartnerRe, Ltd..................................... 52,224 5,974,426 # People's United Financial, Inc..................... 68,700 966,609 Peoples Bancorp of North Carolina, Inc............. 250 4,508 # Peoples Bancorp, Inc............................... 15,923 363,841 #* PHH Corp........................................... 91,804 2,289,592 #* Phoenix Cos., Inc. (The)........................... 2,631 163,201 # Pinnacle Financial Partners, Inc................... 23,924 859,829 * Piper Jaffray Cos.................................. 312 15,928 Platinum Underwriters Holdings, Ltd................ 21,715 1,603,218 PNC Financial Services Group, Inc. (The)........... 74,305 6,281,745 * Popular, Inc....................................... 56,536 1,743,005 #* PRA Group, Inc..................................... 28,203 1,396,613 1941 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Premier Financial Bancorp, Inc..................... 4,434 $ 65,756 Principal Financial Group, Inc..................... 217,722 10,217,693 Protective Life Corp............................... 98,037 6,857,688 Provident Financial Holdings, Inc.................. 544 8,443 Provident Financial Services, Inc.................. 21,059 365,584 Prudential Financial, Inc.......................... 497,625 37,759,785 Pulaski Financial Corp............................. 4,550 54,145 # Radian Group, Inc.................................. 161,945 2,552,253 Regions Financial Corp............................. 1,302,555 11,332,228 Reinsurance Group of America, Inc.................. 169,166 14,008,636 RenaissanceRe Holdings, Ltd........................ 2,440 233,337 # Renasant Corp...................................... 42,102 1,101,388 * Republic First Bancorp, Inc........................ 2,174 7,457 # Resource America, Inc. Class A..................... 21,051 185,038 * Riverview Bancorp, Inc............................. 1,682 7,401 Safety Insurance Group, Inc........................ 26,197 1,622,904 # Sandy Spring Bancorp, Inc.......................... 9,125 225,661 * Select Bancorp, Inc................................ 600 4,302 Selective Insurance Group, Inc..................... 45,200 1,167,064 SI Financial Group, Inc............................ 5,661 62,328 South State Corp................................... 8,549 510,461 * Southern First Bancshares, Inc..................... 1,216 21,280 Southwest Bancorp, Inc............................. 16,974 259,023 # StanCorp Financial Group, Inc...................... 15,636 970,057 # State Auto Financial Corp.......................... 15,100 332,200 State Street Corp.................................. 12,833 917,688 Sterling Bancorp................................... 70,552 929,875 Stewart Information Services Corp.................. 12,271 439,302 #* Stratus Properties, Inc............................ 3,069 41,370 Suffolk Bancorp.................................... 205 4,715 SunTrust Banks, Inc................................ 395,691 15,202,448 Susquehanna Bancshares, Inc........................ 97,547 1,230,068 Symetra Financial Corp............................. 20,319 412,679 Synovus Financial Corp............................. 22,796 587,453 Timberland Bancorp, Inc............................ 2,500 26,250 Torchmark Corp..................................... 3,500 175,245 Travelers Cos., Inc. (The)......................... 124,945 12,846,845 Trico Bancshares................................... 854 19,941 Trustmark Corp..................................... 4,194 89,584 # Umpqua Holdings Corp............................... 34,932 541,795 * Unico American Corp................................ 1,900 22,524 # Union Bankshares Corp.............................. 37,042 740,840 # United Bankshares, Inc............................. 12,121 409,811 United Financial Bancorp, Inc...................... 9,193 114,361 United Fire Group, Inc............................. 38,612 1,078,819 #* United Security Bancshares......................... 404 2,085 Unity Bancorp, Inc................................. 3,636 33,306 Unum Group......................................... 517,445 16,071,842 # Validus Holdings, Ltd.............................. 8,958 355,185 Valley National Bancorp............................ 768 6,973 Voya Financial, Inc................................ 9,303 362,910 # Washington Federal, Inc............................ 1,243 24,686 # Waterstone Financial, Inc.......................... 1,426 18,082 1942 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Wells Fargo & Co................................. 68,870 $ 3,575,730 # WesBanco, Inc.................................... 31,462 949,523 # West Bancorporation, Inc......................... 13,957 228,337 Westfield Financial, Inc......................... 10,811 77,839 Wintrust Financial Corp.......................... 24,224 1,053,017 WR Berkley Corp.................................. 5,305 259,892 # XL Group P.L.C................................... 240,766 8,304,019 # Zions Bancorporation............................. 53,325 1,277,667 ------------ Total Financials..................................... 940,996,885 ------------ Health Care -- (10.5%) * Actavis P.L.C.................................... 30,665 8,173,449 * Addus HomeCare Corp.............................. 2,044 45,336 Aetna, Inc....................................... 558,462 51,277,981 #* Affymetrix, Inc.................................. 42,297 466,959 #* Albany Molecular Research, Inc................... 34,587 564,806 * Alere, Inc....................................... 45,800 1,863,602 #* Amedisys, Inc.................................... 19,727 555,907 * AMN Healthcare Services, Inc..................... 8,600 161,852 * Amsurg Corp...................................... 30,743 1,696,399 # Analogic Corp.................................... 2,988 243,612 #* AngioDynamics, Inc............................... 14,354 276,243 #* Anika Therapeutics, Inc.......................... 14,671 574,810 Anthem, Inc...................................... 504,640 68,106,214 * Arrhythmia Research Technology, Inc.............. 1,200 9,228 #* BioScrip, Inc.................................... 36,570 210,277 #* BioTelemetry, Inc................................ 5,328 52,641 * Boston Scientific Corp........................... 1,204,199 17,834,187 * Cambrex Corp..................................... 43,567 977,208 #* Capital Senior Living Corp....................... 54,559 1,302,323 * CareFusion Corp.................................. 207,163 12,284,766 Cigna Corp....................................... 42,954 4,588,776 #* Community Health Systems, Inc.................... 105,314 4,957,130 CONMED Corp...................................... 43,239 2,059,906 # Cooper Cos., Inc. (The).......................... 13,956 2,200,163 * Cross Country Healthcare, Inc.................... 7,595 77,697 CryoLife, Inc.................................... 17,502 197,073 * Cumberland Pharmaceuticals, Inc.................. 23,319 135,483 #* Cutera, Inc...................................... 23,864 317,391 * Cynosure, Inc. Class A........................... 8,077 244,087 Digirad Corp..................................... 29,111 120,811 #* Emergent Biosolutions, Inc....................... 8,678 243,244 #* Enzo Biochem, Inc................................ 47,997 151,191 * Exactech, Inc.................................... 3,390 70,478 * Express Scripts Holding Co....................... 501,076 40,441,844 * Five Star Quality Care, Inc...................... 28,953 100,756 * Genesis Healthcare, Inc.......................... 9,380 77,854 * Gentiva Health Services, Inc..................... 31,640 614,449 * Greatbatch, Inc.................................. 41,672 2,023,592 #* Hanger, Inc...................................... 16,897 364,637 * Harvard Apparatus Regenerative Technology, Inc... 8,026 26,085 * Harvard Bioscience, Inc.......................... 32,107 167,277 * Health Net, Inc.................................. 44,958 2,435,375 1943 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) #* Healthways, Inc............................. 46,297 $ 954,644 #* Hologic, Inc................................ 305,036 9,262,418 Humana, Inc................................. 236,814 34,679,042 #* Impax Laboratories, Inc..................... 4,700 172,349 Invacare Corp............................... 7,330 107,384 Kewaunee Scientific Corp.................... 1,631 29,260 Kindred Healthcare, Inc..................... 48,760 900,110 #* Lannett Co., Inc............................ 3,649 173,072 LeMaitre Vascular, Inc...................... 5,100 40,341 * LHC Group, Inc.............................. 1,418 42,143 * LifePoint Hospitals, Inc.................... 82,208 5,363,250 * Magellan Health, Inc........................ 17,899 1,076,088 * MedAssets, Inc.............................. 44,682 827,064 o* MedCath Corp................................ 29,240 -- * Merit Medical Systems, Inc.................. 13,395 205,345 * Misonix, Inc................................ 4,083 54,590 #* Molina Healthcare, Inc...................... 24,941 1,269,746 # National Healthcare Corp.................... 6,484 408,297 #* Natus Medical, Inc.......................... 15,698 590,245 * NuVasive, Inc............................... 2,045 94,724 Omnicare, Inc............................... 197,388 14,800,152 * Omnicell, Inc............................... 35,405 1,126,941 PerkinElmer, Inc............................ 76,500 3,496,815 Pfizer, Inc................................. 4,178,729 130,585,281 * PharMerica Corp............................. 33,305 766,348 #* Prestige Brands Holdings, Inc............... 111,489 3,819,613 #* Repligen Corp............................... 21,271 516,673 * RTI Surgical, Inc........................... 73,086 325,964 #* Sciclone Pharmaceuticals, Inc............... 13,028 96,147 Select Medical Holdings Corp................ 42,204 570,598 * SunLink Health Systems, Inc................. 1,750 2,424 #* SurModics, Inc.............................. 5,593 128,192 #* Symmetry Surgical, Inc...................... 19,262 138,686 # Teleflex, Inc............................... 37,223 4,078,152 Thermo Fisher Scientific, Inc............... 499,520 62,544,899 * Triple-S Management Corp. Class B........... 20,684 498,071 UnitedHealth Group, Inc..................... 89,716 9,532,325 * Universal American Corp..................... 84,328 761,482 * VCA, Inc.................................... 69,140 3,602,194 #* WellCare Health Plans, Inc.................. 18,375 1,338,619 * Wright Medical Group, Inc................... 32,357 789,834 Zoetis, Inc................................. 805,208 34,406,538 ------------ Total Health Care............................... 558,469,159 ------------ Industrials -- (13.8%) AAR Corp.................................... 32,906 943,086 ABM Industries, Inc......................... 64,500 1,862,115 Aceto Corp.................................. 31,686 614,708 Acme United Corp............................ 1,030 19,570 Actuant Corp. Class A....................... 44,986 1,039,626 #* Adept Technology, Inc....................... 20,476 190,427 # ADT Corp. (The)............................. 197,193 6,783,439 * AECOM....................................... 55,835 1,419,326 1944 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * Aegion Corp........................................ 83,805 $ 1,283,893 #* Aerovironment, Inc................................. 35,065 897,313 # AGCO Corp.......................................... 58,973 2,555,890 * Air Transport Services Group, Inc.................. 6,308 52,546 Alamo Group, Inc................................... 22,751 1,024,933 Alaska Air Group, Inc.............................. 105,252 7,143,453 Albany International Corp. Class A................. 20,551 701,406 Allegion P.L.C..................................... 71,036 3,836,654 # Alliant Techsystems, Inc........................... 38,805 5,056,680 * AMERCO............................................. 29,431 8,420,503 #* Ameresco, Inc. Class A............................. 981 5,719 # American Railcar Industries, Inc................... 20,003 1,004,151 Apogee Enterprises, Inc............................ 36,374 1,573,539 ArcBest Corp....................................... 12,135 452,150 # Argan, Inc......................................... 21 639 # Astec Industries, Inc.............................. 22,925 815,213 #* Atlas Air Worldwide Holdings, Inc.................. 36,746 1,660,919 * Avis Budget Group, Inc............................. 94,608 5,421,984 # Baltic Trading, Ltd................................ 40 65 Barnes Group, Inc.................................. 36,400 1,250,340 # Barrett Business Services, Inc..................... 12,955 397,071 * BlueLinx Holdings, Inc............................. 17,052 17,734 Brady Corp. Class A................................ 38,500 1,007,545 # Briggs & Stratton Corp............................. 41,033 755,418 #* Builders FirstSource, Inc.......................... 12,182 72,117 #* CAI International, Inc............................. 17,082 358,210 * Casella Waste Systems, Inc. Class A................ 5,201 19,816 #* CBIZ, Inc.......................................... 38,149 315,874 CDI Corp........................................... 39,837 676,831 Ceco Environmental Corp............................ 3,773 51,766 Celadon Group, Inc................................. 24,642 587,219 # Chicago Rivet & Machine Co......................... 700 21,364 CIRCOR International, Inc.......................... 10,019 494,838 Columbus McKinnon Corp............................. 17,542 439,427 Comfort Systems USA, Inc........................... 44,560 741,924 Compx International, Inc........................... 500 5,395 Courier Corp....................................... 8,245 193,510 # Covanta Holding Corp............................... 94,292 1,927,328 * Covenant Transportation Group, Inc. Class A........ 7,080 200,364 * CPI Aerostructures, Inc............................ 4,626 54,355 * CRA International, Inc............................. 7,613 224,812 CSX Corp........................................... 1,242,950 41,390,235 Curtiss-Wright Corp................................ 46,353 3,083,865 #* DigitalGlobe, Inc.................................. 21,971 590,800 Douglas Dynamics, Inc.............................. 30,234 610,424 * Ducommun, Inc...................................... 16,645 432,271 * Dycom Industries, Inc.............................. 39,867 1,228,302 Dynamic Materials Corp............................. 1,436 20,334 Eastern Co. (The).................................. 10,193 192,852 Eaton Corp. P.L.C.................................. 90,345 5,699,866 EMCOR Group, Inc................................... 50,540 2,039,794 Encore Wire Corp................................... 19,966 611,559 #* Energy Recovery, Inc............................... 1,783 5,884 1945 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Industrials -- (Continued) EnerSys............................................ 43,239 $ 2,524,293 #* Engility Holdings, Inc............................. 7,988 318,721 Ennis, Inc......................................... 48,483 646,763 * EnPro Industries, Inc.............................. 17,635 1,046,285 ESCO Technologies, Inc............................. 17,601 633,988 Espey Manufacturing & Electronics Corp............. 1,671 44,800 #* Esterline Technologies Corp........................ 44,968 5,040,463 Exelis, Inc........................................ 73,253 1,253,359 Federal Signal Corp................................ 65,358 998,017 FedEx Corp......................................... 142,324 24,068,412 Fortune Brands Home & Security, Inc................ 149,626 6,701,749 * Franklin Covey Co.................................. 3,046 55,041 # FreightCar America, Inc............................ 9,404 219,489 #* FTI Consulting, Inc................................ 25,736 1,046,683 * Furmanite Corp..................................... 31,044 227,553 G&K Services, Inc. Class A......................... 29,714 2,082,951 # GATX Corp.......................................... 65,445 3,740,182 #* Gencor Industries, Inc............................. 8,766 80,209 General Dynamics Corp.............................. 28,674 3,819,664 General Electric Co................................ 5,255,051 125,543,168 #* Genesee & Wyoming, Inc. Class A.................... 1,200 98,940 #* Gibraltar Industries, Inc.......................... 24,203 366,433 * GP Strategies Corp................................. 18,583 620,301 # Granite Construction, Inc.......................... 27,179 926,260 #* Great Lakes Dredge & Dock Corp..................... 69,820 542,501 # Greenbrier Cos., Inc. (The)........................ 22,451 1,165,880 # Griffon Corp....................................... 67,323 988,975 H&E Equipment Services, Inc........................ 59,629 1,045,893 # Harsco Corp........................................ 35,912 530,061 * Hawaiian Holdings, Inc............................. 18,070 351,281 Heidrick & Struggles International, Inc............ 18,234 404,065 * Hertz Global Holdings, Inc......................... 278,411 5,712,994 #* Hill International, Inc............................ 27,154 103,728 Huntington Ingalls Industries, Inc................. 47,666 5,557,856 Hurco Cos., Inc.................................... 7,910 277,483 * Huron Consulting Group, Inc........................ 4,001 300,955 Hyster-Yale Materials Handling, Inc................ 12,246 767,212 * ICF International, Inc............................. 31,660 1,182,818 Ingersoll-Rand P.L.C............................... 213,109 14,150,438 Insteel Industries, Inc............................ 17,578 358,943 # International Shipholding Corp..................... 7,348 123,152 #* JetBlue Airways Corp............................... 324,893 5,454,953 Kadant, Inc........................................ 5,786 229,936 KAR Auction Services, Inc.......................... 18,100 617,391 KBR, Inc........................................... 3,600 59,508 Kennametal, Inc.................................... 1,000 31,420 * Key Technology, Inc................................ 3,199 40,947 # Kimball International, Inc. Class B................ 31,258 271,007 * Korn/Ferry International........................... 33,148 944,718 #* Kratos Defense & Security Solutions, Inc........... 2,711 13,175 L-3 Communications Holdings, Inc................... 100,470 12,369,866 * Lawson Products, Inc............................... 8,847 217,636 LB Foster Co. Class A.............................. 6,682 316,794 1946 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* LMI Aerospace, Inc................................. 13,807 $ 196,059 LS Starrett Co. (The) Class A...................... 4,097 88,372 LSI Industries, Inc................................ 27,715 203,428 * Lydall, Inc........................................ 14,605 402,368 Manpowergroup, Inc................................. 22,886 1,667,932 # Marten Transport, Ltd.............................. 47,782 977,142 Matson, Inc........................................ 62,316 2,165,481 Matthews International Corp. Class A............... 12,387 573,890 McGrath RentCorp................................... 17,552 533,230 * Mfri, Inc.......................................... 8,900 49,662 # Miller Industries, Inc............................. 20,099 406,000 # Mobile Mini, Inc................................... 54,461 1,976,934 * Moog, Inc. Class A................................. 35,339 2,484,332 Mueller Industries, Inc............................ 30,912 970,328 Mueller Water Products, Inc. Class A............... 185,957 1,902,340 Multi-Color Corp................................... 308 17,932 * MYR Group, Inc..................................... 19,582 490,137 # National Presto Industries, Inc.................... 571 35,973 * Navigant Consulting, Inc........................... 12,297 177,446 Nielsen NV......................................... 16,256 708,111 # NL Industries, Inc................................. 50,651 355,064 NN, Inc............................................ 18,396 424,028 Norfolk Southern Corp.............................. 545,229 55,597,001 Northrop Grumman Corp.............................. 337,038 52,898,114 #* Northwest Pipe Co.................................. 6,690 160,092 #* NOW, Inc........................................... 62,737 1,565,288 * On Assignment, Inc................................. 53,951 1,895,299 * Orbital Sciences Corp.............................. 39,656 1,113,937 #* Orion Energy Systems, Inc.......................... 1,043 4,725 # Oshkosh Corp....................................... 14,466 619,868 Owens Corning...................................... 149,300 5,979,465 * PAM Transportation Services, Inc................... 19,428 1,124,881 Pentair P.L.C...................................... 117,934 7,289,501 # Powell Industries, Inc............................. 7,529 293,706 #* PowerSecure International, Inc..................... 19,459 182,915 Precision Castparts Corp........................... 6,312 1,263,031 # Providence and Worcester Railroad Co............... 850 15,682 Quad/Graphics, Inc................................. 2,390 47,896 # Quanex Building Products Corp...................... 21,431 403,546 * Quanta Services, Inc............................... 168,307 4,456,769 Raytheon Co........................................ 96,954 9,700,248 RCM Technologies, Inc.............................. 20,293 120,135 Regal-Beloit Corp.................................. 16,070 1,106,419 * Republic Airways Holdings, Inc..................... 48,736 670,607 Republic Services, Inc............................. 429,755 17,052,678 Resources Connection, Inc.......................... 25,955 433,448 * Roadrunner Transportation Systems, Inc............. 879 17,861 #* Rush Enterprises, Inc. Class A..................... 32,603 912,884 * Rush Enterprises, Inc. Class B..................... 18,522 502,872 Ryder System, Inc.................................. 89,844 7,438,185 * Saia, Inc.......................................... 8,925 375,832 # SIFCO Industries, Inc.............................. 6,623 192,001 SkyWest, Inc....................................... 38,506 483,250 1947 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) * SL Industries, Inc............................... 300 $ 12,825 Southwest Airlines Co............................ 645,761 29,175,482 #* Sparton Corp..................................... 9,132 214,419 SPX Corp......................................... 12,803 1,069,947 Standex International Corp....................... 22,341 1,565,881 Stanley Black & Decker, Inc...................... 154,919 14,508,164 Steelcase, Inc. Class A.......................... 55,469 936,317 Supreme Industries, Inc. Class A................. 1,433 11,048 # TAL International Group, Inc..................... 24,053 977,754 # Terex Corp....................................... 27,578 619,953 Tetra Tech, Inc.................................. 45,222 1,041,463 #* Titan Machinery, Inc............................. 2,883 40,737 * TRC Cos., Inc.................................... 28,708 198,372 # Trinity Industries, Inc.......................... 183,814 4,865,557 Triumph Group, Inc............................... 57,456 3,278,439 * Tutor Perini Corp................................ 33,844 734,753 Twin Disc, Inc................................... 900 14,490 Tyco International P.L.C......................... 240,619 9,819,661 * Ultralife Corp................................... 3,309 11,085 UniFirst Corp.................................... 18,705 2,172,212 Union Pacific Corp............................... 888,128 104,097,483 # United Stationers, Inc........................... 24,021 968,286 Universal Forest Products, Inc................... 31,800 1,591,908 #* USA Truck, Inc................................... 15,105 419,919 * Vectrus, Inc..................................... 4,069 113,281 #* Veritiv Corp..................................... 9,437 480,060 * Versar, Inc...................................... 5,526 16,854 Viad Corp........................................ 27,114 731,536 * Virco Manufacturing Corp......................... 12,601 30,242 VSE Corp......................................... 305 22,073 Waste Connections, Inc........................... 2,800 121,016 Watts Water Technologies, Inc. Class A........... 53,615 3,143,447 # Werner Enterprises, Inc.......................... 34,105 973,016 #* Wesco Aircraft Holdings, Inc..................... 6,228 81,213 #* WESCO International, Inc......................... 11,687 780,224 * Willdan Group, Inc............................... 1,000 13,990 * Willis Lease Finance Corp........................ 6,713 138,691 #* XPO Logistics, Inc............................... 12,216 449,427 ------------ Total Industrials.................................... 732,900,251 ------------ Information Technology -- (6.9%) Activision Blizzard, Inc......................... 982,162 20,522,275 * Actua Corp....................................... 1,184 19,062 * Acxiom Corp...................................... 7,769 141,396 * Advanced Energy Industries, Inc.................. 47,985 1,151,640 #* Agilysys, Inc.................................... 16,899 175,412 * Alpha & Omega Semiconductor, Ltd................. 419 3,675 * Amtech Systems, Inc.............................. 5,669 46,316 #* ANADIGICS, Inc................................... 33,721 36,419 * AOL, Inc......................................... 105,592 4,566,854 * ARRIS Group, Inc................................. 140,787 3,691,435 * Arrow Electronics, Inc........................... 182,170 10,026,637 Astro-Med, Inc................................... 6,285 91,981 1948 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) Avnet, Inc....................................... 139,400 $ 5,801,828 AVX Corp......................................... 172,540 2,230,942 Aware, Inc....................................... 14,326 69,911 * Axcelis Technologies, Inc........................ 700 1,680 * AXT, Inc......................................... 20,506 57,007 Bel Fuse, Inc. Class A........................... 4,174 86,402 Bel Fuse, Inc. Class B........................... 18,286 430,087 * Benchmark Electronics, Inc....................... 93,903 2,275,270 Black Box Corp................................... 26,448 555,672 * Blackhawk Network Holdings, Inc. Class B......... 25,926 858,410 #* Blucora, Inc..................................... 81,156 1,097,229 Brocade Communications Systems, Inc.............. 461,513 5,132,025 Brooks Automation, Inc........................... 50,847 656,435 * Bsquare Corp..................................... 4,065 18,008 * BTU International, Inc........................... 1,600 4,208 * CACI International, Inc. Class A................. 24,830 2,100,370 * Calix, Inc....................................... 16,027 153,859 * Cascade Microtech, Inc........................... 24,071 323,996 * Checkpoint Systems, Inc.......................... 27,235 352,966 #* Ciber, Inc....................................... 34,165 110,353 Cisco Systems, Inc............................... 323,780 8,536,460 Cohu, Inc........................................ 40,815 462,434 Communications Systems, Inc...................... 12,612 129,273 Computer Sciences Corp........................... 205,559 12,473,320 Comtech Telecommunications Corp.................. 15,569 514,400 # Concurrent Computer Corp......................... 13,740 86,562 # Convergys Corp................................... 197,364 3,781,494 * CoreLogic, Inc................................... 96,545 3,205,294 Corning, Inc..................................... 1,201,485 28,559,298 #* Cray, Inc........................................ 12,866 418,016 CSP, Inc......................................... 2,414 17,091 CTS Corp......................................... 66,936 1,070,976 #* CyberOptics Corp................................. 9,134 99,652 * Datalink Corp.................................... 1,412 16,040 * Digi International, Inc.......................... 27,638 263,943 #* Digital River, Inc............................... 18,905 482,645 * Diodes, Inc...................................... 4,709 124,459 * DSP Group, Inc................................... 46,713 513,376 # EarthLink Holdings Corp.......................... 83,735 353,362 * EchoStar Corp. Class A........................... 23,551 1,228,656 * Edgewater Technology, Inc........................ 13,603 95,901 Electro Rent Corp................................ 40,561 522,831 Electro Scientific Industries, Inc............... 6,085 38,153 * Electronics for Imaging, Inc..................... 58,110 2,245,951 * Emcore Corp...................................... 744 3,846 #* EnerNOC, Inc..................................... 13,197 227,252 * Entegris, Inc.................................... 300 3,900 # EPIQ Systems, Inc................................ 23,453 409,255 * ePlus, Inc....................................... 8,745 589,763 * Euronet Worldwide, Inc........................... 23,278 1,056,588 #* Exar Corp........................................ 51,341 463,096 #* Fabrinet......................................... 4,055 66,218 * Fairchild Semiconductor International, Inc....... 118,008 1,811,423 1949 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Fidelity National Information Services, Inc........ 151,857 $ 9,480,432 #* Finisar Corp....................................... 61,526 1,116,082 #* First Solar, Inc................................... 28,266 1,196,217 * FormFactor, Inc.................................... 30,568 230,788 * Frequency Electronics, Inc......................... 16,953 193,349 #* GSE Systems, Inc................................... 17,638 29,279 #* GSI Technology, Inc................................ 5,863 29,667 Hackett Group, Inc. (The).......................... 53,321 404,173 * Harmonic, Inc...................................... 22,962 175,659 Hewlett-Packard Co................................. 810,974 29,300,491 #* Hutchinson Technology, Inc......................... 22,425 78,263 IAC/InterActiveCorp................................ 125,298 7,636,913 * ID Systems, Inc.................................... 17,291 113,948 * Identiv, Inc....................................... 1,017 12,824 * Ingram Micro, Inc. Class A......................... 277,679 6,991,957 * Insight Enterprises, Inc........................... 42,100 996,507 * Integrated Device Technology, Inc.................. 177,893 3,253,663 Integrated Silicon Solution, Inc................... 42,178 678,222 Intel Corp......................................... 176,618 5,835,459 #* Internap Corp...................................... 32,386 272,690 * Interphase Corp.................................... 2,999 6,178 Intersil Corp. Class A............................. 119,798 1,714,309 #* Intevac, Inc....................................... 4,144 26,936 * IntriCon Corp...................................... 2,835 20,979 #* Itron, Inc......................................... 33,397 1,242,702 IXYS Corp.......................................... 3,055 34,521 Juniper Networks, Inc.............................. 212,100 4,821,033 * Key Tronic Corp.................................... 17,623 162,484 * Kimball Electronics, Inc........................... 23,443 238,650 * Kulicke & Soffa Industries, Inc.................... 71,688 1,087,507 * KVH Industries, Inc................................ 35,149 425,303 * Lattice Semiconductor Corp......................... 108,469 773,384 Leidos Holdings, Inc............................... 10,850 449,190 # Lexmark International, Inc. Class A................ 35,849 1,430,734 * Limelight Networks, Inc............................ 18,463 49,112 ManTech International Corp. Class A................ 2,048 66,621 Marvell Technology Group, Ltd...................... 166,418 2,577,815 #* Maxwell Technologies, Inc.......................... 2,521 20,067 Mentor Graphics Corp............................... 35,620 819,616 * Mercury Systems, Inc............................... 2,055 32,428 Methode Electronics, Inc........................... 79,272 2,867,268 #* Micron Technology, Inc............................. 758,908 22,209,443 MKS Instruments, Inc............................... 61,200 2,142,612 MOCON, Inc......................................... 700 12,145 #* ModusLink Global Solutions, Inc.................... 68,955 248,928 * NCI, Inc. Class A.................................. 686 8,451 * NETGEAR, Inc....................................... 428 14,454 * Newport Corp....................................... 64,756 1,199,281 #* Novatel Wireless, Inc.............................. 22,113 116,757 * OmniVision Technologies, Inc....................... 37,132 1,004,049 Optical Cable Corp................................. 10,793 56,232 * PAR Technology Corp................................ 15,130 86,846 Park Electrochemical Corp.......................... 1,642 35,648 1950 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) PC Connection, Inc............................... 39,267 $ 932,591 PC-Tel, Inc...................................... 33,870 284,169 * PCM, Inc......................................... 10,471 99,474 Perceptron, Inc.................................. 8,428 90,264 * Pericom Semiconductor Corp....................... 37,284 544,719 #* Photronics, Inc.................................. 79,712 669,581 * Planar Systems, Inc.............................. 3,449 25,247 * Plexus Corp...................................... 10,626 402,619 * PMC-Sierra, Inc.................................. 102,988 910,414 * Polycom, Inc..................................... 36,977 491,794 * Qorvo, Inc....................................... 24,909 1,840,028 * Qualstar Corp.................................... 3,300 4,686 * Qumu Corp........................................ 800 11,360 #* Rambus, Inc...................................... 1,069 12,026 * RealNetworks, Inc................................ 17,952 126,203 Reis, Inc........................................ 13,511 303,997 # RF Industries, Ltd............................... 2,823 12,675 Richardson Electronics, Ltd...................... 24,525 229,799 * Rofin-Sinar Technologies, Inc.................... 4,978 134,008 * Rogers Corp...................................... 7,543 557,126 * Rovi Corp........................................ 19,000 439,090 * Rudolph Technologies, Inc........................ 16,097 161,453 SanDisk Corp..................................... 13,097 994,193 * Sanmina Corp..................................... 39,846 843,938 * ScanSource, Inc.................................. 14,745 508,408 Science Applications International Corp.......... 6,199 302,387 * Seachange International, Inc..................... 8,687 61,330 * ShoreTel, Inc.................................... 3,200 22,656 * Sonus Networks, Inc.............................. 6,622 126,348 * Spansion, Inc. Class A........................... 21,173 750,795 #* Speed Commerce, Inc.............................. 336 800 SS&C Technologies Holdings, Inc.................. 25,793 1,427,127 #* StarTek, Inc..................................... 24,613 232,101 #* SunEdison, Inc................................... 154,224 2,888,615 #* SunPower Corp.................................... 18,322 441,927 * Super Micro Computer, Inc........................ 5,886 215,251 * support.com, Inc................................. 15,100 29,596 * Sykes Enterprises, Inc........................... 20,292 456,976 # SYNNEX Corp...................................... 55,900 4,147,221 #* Tech Data Corp................................... 82,952 4,736,559 * TeleCommunication Systems, Inc. Class A.......... 42,347 119,842 * Telenav, Inc..................................... 9,865 63,925 Teradyne, Inc.................................... 26,789 484,881 # Tessco Technologies, Inc......................... 8,689 196,806 Tessera Technologies, Inc........................ 48,635 1,803,386 TheStreet, Inc................................... 35,273 73,368 #* TTM Technologies, Inc............................ 47,210 328,109 * United Online, Inc............................... 17,780 234,696 #* Veeco Instruments, Inc........................... 15,978 466,078 * Viasystems Group, Inc............................ 11,376 182,130 * Virtusa Corp..................................... 30,064 1,126,197 # Vishay Intertechnology, Inc...................... 228,349 3,110,113 * Vishay Precision Group, Inc...................... 24,277 403,969 1951 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Westell Technologies, Inc. Class A................. 1,704 $ 2,130 Western Digital Corp............................... 212,781 20,688,697 * Xcerra Corp........................................ 20,165 154,867 Xerox Corp......................................... 1,188,277 15,649,608 * XO Group, Inc...................................... 6,284 103,309 * Yahoo!, Inc........................................ 1,048,770 46,135,392 ------------ Total Information Technology........................... 364,486,008 ------------ Materials -- (2.8%) A Schulman, Inc.................................... 32,960 1,148,656 Alcoa, Inc......................................... 888,828 13,910,158 # Allegheny Technologies, Inc........................ 22,777 649,828 #* AM Castle & Co..................................... 24,982 151,141 # Ampco-Pittsburgh Corp.............................. 4,007 72,927 Ashland, Inc....................................... 112,560 13,340,611 Axiall Corp........................................ 26,423 1,169,218 Bemis Co., Inc..................................... 24,092 1,067,276 Cabot Corp......................................... 46,280 1,962,735 * Century Aluminum Co................................ 15,822 365,646 * Chemtura Corp...................................... 49,368 1,075,729 * Clearwater Paper Corp.............................. 16,822 1,245,165 # Cliffs Natural Resources, Inc...................... 16,686 107,124 Commercial Metals Co............................... 85,208 1,143,491 * Core Molding Technologies, Inc..................... 11,847 171,782 Cytec Industries, Inc.............................. 129,400 6,209,906 Domtar Corp........................................ 8,107 310,498 Dow Chemical Co. (The)............................. 14,000 632,240 * Ferro Corp......................................... 42,247 470,209 Freeport-McMoRan, Inc.............................. 327,519 5,505,594 Friedman Industries, Inc........................... 13,926 87,177 FutureFuel Corp.................................... 6,104 67,083 * Graphic Packaging Holding Co....................... 154,000 2,229,920 Greif, Inc. Class A................................ 4,885 186,607 * Headwaters, Inc.................................... 23,663 333,175 * Horsehead Holding Corp............................. 49,015 658,762 # Huntsman Corp...................................... 50,242 1,103,314 International Paper Co............................. 493,615 25,993,766 # Kaiser Aluminum Corp............................... 27,181 1,883,915 KapStone Paper and Packaging Corp.................. 80,984 2,418,992 * Kraton Performance Polymers, Inc................... 5,435 105,113 #* Louisiana-Pacific Corp............................. 173,457 2,839,491 LyondellBasell Industries NV Class A............... 71,793 5,678,108 Martin Marietta Materials, Inc..................... 23,633 2,546,220 Materion Corp...................................... 18,497 609,476 MeadWestvaco Corp.................................. 188,451 9,475,316 * Mercer International, Inc.......................... 21,725 275,473 Minerals Technologies, Inc......................... 34,280 2,239,512 Mosaic Co. (The)................................... 17,274 841,071 # Myers Industries, Inc.............................. 64,720 1,077,588 Neenah Paper, Inc.................................. 7,684 440,908 Newmont Mining Corp................................ 32,446 816,017 * Northern Technologies International Corp........... 3,035 62,020 # Nucor Corp......................................... 83,945 3,664,199 1952 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) # Olin Corp.................................. 62,261 $ 1,560,883 # Olympic Steel, Inc......................... 9,986 136,908 OM Group, Inc.............................. 42,299 1,184,372 * Penford Corp............................... 21,864 411,481 PH Glatfelter Co........................... 50,600 1,157,222 # PolyOne Corp............................... 8,983 319,705 Reliance Steel & Aluminum Co............... 93,801 4,912,358 * Resolute Forest Products, Inc.............. 1,817 30,889 Rock-Tenn Co. Class A...................... 53,600 3,478,640 * RTI International Metals, Inc.............. 37,587 838,190 # Schnitzer Steel Industries, Inc. Class A... 400 6,752 Sensient Technologies Corp................. 38,101 2,324,161 Steel Dynamics, Inc........................ 94,919 1,617,420 #* Stillwater Mining Co....................... 55,630 760,462 SunCoke Energy, Inc........................ 62,210 939,371 # Synalloy Corp.............................. 5,144 85,905 Tredegar Corp.............................. 40,177 859,386 Tronox, Ltd. Class A....................... 1,600 33,824 #* Universal Stainless & Alloy Products, Inc.. 6,269 139,736 Vulcan Materials Co........................ 58,246 4,106,926 # Wausau Paper Corp.......................... 13,070 132,791 Westlake Chemical Corp..................... 158,152 9,063,691 Worthington Industries, Inc................ 47,320 1,416,288 ------------ Total Materials................................. 151,860,518 ------------ Other -- (0.0%) o#* Gerber Scientific, Inc. Escrow Shares...... 47,409 -- o* Petrocorp, Inc. Escrow Shares.............. 900 -- ------------ Total Other..................................... -- ------------ Telecommunication Services -- (4.0%) # AT&T, Inc.................................. 4,319,648 142,202,812 Atlantic Tele-Network, Inc................. 84 5,580 CenturyLink, Inc........................... 510,163 18,962,759 # Frontier Communications Corp............... 696,949 4,680,013 #* General Communication, Inc. Class A........ 45,867 673,328 #* Iridium Communications, Inc................ 14,800 125,948 Lumos Networks Corp........................ 500 8,015 #* ORBCOMM, Inc............................... 44,499 247,414 * Premiere Global Services, Inc.............. 2,000 17,680 # Shenandoah Telecommunications Co........... 56,354 1,674,277 Spok Holdings, Inc......................... 12,522 214,377 #* Sprint Corp................................ 824,326 3,544,602 * T-Mobile US, Inc........................... 113,786 3,434,061 Telephone & Data Systems, Inc.............. 154,629 3,595,124 #* United States Cellular Corp................ 33,568 1,167,831 Verizon Communications, Inc................ 644,888 29,477,830 * Vonage Holdings Corp....................... 85,934 360,923 ------------ Total Telecommunication Services................ 210,392,574 ------------ Utilities -- (0.3%) * Calpine Corp............................... 62,921 1,313,790 1953 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) # Consolidated Water Co., Ltd.................. 6,656 $ 72,218 NRG Energy, Inc.............................. 367,799 9,069,923 # Ormat Technologies, Inc...................... 20,134 538,585 SJW Corp..................................... 6,569 221,835 UGI Corp..................................... 78,988 2,921,766 -------------- Total Utilities................................... 14,138,117 -------------- TOTAL COMMON STOCKS............................... 5,032,233,446 -------------- RIGHTS/WARRANTS -- (0.0%) o* Leap Wireless International, Inc. Contingent Value Rights............................... 8,393 21,151 o#* Magnum Hunter Resources Corp. Warrants 04/15/16................................... 8,220 -- o* Safeway Casa Ley Contingent Value Rights..... 157,807 160,158 o* Safeway PDC, LLC Contingent Value Rights..... 157,807 7,701 o* Sears Holdings Corporation Rights............ 1 -- o* Southern Community Financial Corp. Contingent Value Rights.................... 29,890 27,669 -------------- TOTAL RIGHTS/WARRANTS............................. 216,679 -------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional Liquid Reserves, 0.089%..................................... 17,737,430 17,737,430 -------------- SECURITIES LENDING COLLATERAL -- (4.9%) (S)@ DFA Short Term Investment Fund............... 22,408,266 259,263,632 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,115,949,310)^^......................... $5,309,451,187 ============== 1954 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED Summary of the Series' investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary... $ 917,929,612 -- -- $ 917,929,612 Consumer Staples......... 391,428,162 -- -- 391,428,162 Energy................... 749,632,160 -- -- 749,632,160 Financials............... 940,996,885 -- -- 940,996,885 Health Care.............. 558,469,159 -- -- 558,469,159 Industrials.............. 732,900,251 -- -- 732,900,251 Information Technology... 364,486,008 -- -- 364,486,008 Materials................ 151,860,518 -- -- 151,860,518 Other.................... -- -- -- -- Telecommunication Services............... 210,392,574 -- -- 210,392,574 Utilities................ 14,138,117 -- -- 14,138,117 Rights/Warrants............. -- $ 216,679 -- 216,679 Temporary Cash Investments.. 17,737,430 -- -- 17,737,430 Securities Lending Collateral................ -- 259,263,632 -- 259,263,632 -------------- ------------ -- -------------- TOTAL....................... $5,049,970,876 $259,480,311 -- $5,309,451,187 ============== ============ == ============== 1955 ORGANIZATION The DFA Investment Trust Company (the "Trust") is an open-end management investment company registered under the Investment Company Act of 1940. The Trust's advisor is Dimensional Fund Advisors LP (the "Advisor"). At January 31, 2015, the Trust consisted of eleven operational portfolios, of which nine (collectively, the "Series") are included in this document. SECURITY VALUATION The Series utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below: .. Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) .. 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 Series' own assumptions in determining the fair value of investments) Securities held by the Domestic Equity Portfolios (The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series) and the International Equity Portfolios (The DFA International Value Series, The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series, The Canadian Small Company Series, The Emerging Markets Series and The Emerging Markets Small Cap Series), including over-the-counter securities, are valued at the last quoted sale price at the close of the exchanges on which they are principally traded (official closing price). International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and the International Equity Portfolios value the securities at the mean of the most recent quoted bid and asked prices which approximates fair value. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy. Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors/Trustees. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and the International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time International Equity Portfolios price their shares at the close of the NYSE, International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets' perceptions and trading activities on International Equity Portfolios foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the Trust have determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by International Equity Portfolios utilize data furnished by an independent pricing service (and that data draws upon, 1956 among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy. A summary of the inputs used to value the Series' investments by each major security type, industry and/or country is disclosed previously in this note. Valuation hierarchy tables have been included at the end of the Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes. The Series recognize transfers between the levels as of the end of the period. As of January 31, 2015, The Asia Pacific Small Company Series had significant transfers of securities with a total value of $15,826 (in thousands) that transferred from Level 1 to Level 2 because fair value procedures were no longer applied. At January 31, 2015, the fair market value of certain securities were adjusted due to developments which occurred between the time of the close of the foreign markets on which they trade and the close of business on the NYSE which resulted in their Level 2 classification. FINANCIAL INSTRUMENTS In accordance with the Series' investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below: 1. REPURCHASE AGREEMENTS: The Series may purchase certain U.S. Government securities subject to the counterparty's agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system with Series' custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements were entered into on January 31, 2015. 2. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited. FEDERAL TAX COST At January 31, 2015, the total cost of securities for federal income tax purposes was: The U.S. Large Cap Value Series................................ $12,922,079,332 The DFA International Value Series............................. 8,875,709,689 The Japanese Small Company Series.............................. 2,692,167,813 The Asia Pacific Small Company Series.......................... 1,748,923,375 The United Kingdom Small Company Series........................ 1,571,735,637 The Continental Small Company Series........................... 2,949,085,525 The Emerging Markets Series.................................... 3,347,396,013 The Emerging Markets Small Cap Series.......................... 5,208,267,469 The Tax-Managed U.S. Marketwide Value Series................... 3,115,345,808 OTHER 1957 The Series are subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buyout transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, our results of operations, or our cash flows, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series have been named as defendants in a multi-district litigation pending in the United States District Court for the Southern District of New York (the "Court"), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the "Tribune MDL"). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company ("Tribune") (the "LBO") and Tribune's subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the "Individual Creditor Actions") and a lawsuit brought by a court-appointed trustee on behalf of the committee of unsecured creditors of Tribune (the "Committee Action," and with the Individual Creditor Actions, collectively referred to as the "Lawsuits"). The Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO. On September 23, 2013, the Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lack standing to pursue their claims. The Court's dismissal order is on appeal to the Second Circuit. Oral argument on the appeal was held on November 5, 2014, and the parties await the Second Circuit's ruling. The Committee Action remains pending, and a motion to dismiss on behalf of all shareholder defendants in the Committee Action was filed on May 23, 2014. The motion to dismiss is fully-briefed, and the parties await the scheduling of oral argument on the motion. The Committee Action is stayed pending the disposition of the motion to dismiss. Litigation counsel to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series in the Lawsuits do not believe that it is possible, at this early stage in the proceedings, to predict with any reasonable certainty the probable outcome of the Lawsuits or quantify the ultimate exposure to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series arising from the Lawsuits. Until The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series can do so, no reduction of the net asset values of the U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will be made relating to the Lawsuits. However, even if the plaintiffs in the Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of The U.S. Large Cap Value Series' and The Tax-Managed U.S. Marketwide Value Series' net asset values, respectively, at this time. The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series also cannot predict what their size might be at the time the cost of the Lawsuits might be quantifiable and thus potentially deducted from their net asset values. Therefore, at this time, those investors buying or redeeming shares of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will pay or receive, as the case may be, a price based on the net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, with no adjustment relating to the Lawsuits. The attorneys' fees and costs relating to the Lawsuits will be taken as expenses by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series as incurred and in a manner similar to any other expense incurred by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series. SUBSEQUENT EVENT EVALUATIONS Management has evaluated the impact of all subsequent events on the Series and has determined that there are no subsequent events requiring recognition or disclosure in the Schedules of Investments. 1958 DIMENSIONAL EMERGING MARKETS VALUE FUND SCHEDULE OF INVESTMENTS JANUARY 31, 2015 (UNAUDITED) SHARES VALUE++ ---------- ------------ COMMON STOCKS -- (90.4%) BRAZIL -- (4.1%) ALL - America Latina Logistica SA.................. 1,495,046 $ 2,155,493 * Banco ABC Brasil SA................................ 31,192 131,940 Banco Alfa de Investimento SA...................... 77,500 170,698 Banco do Brasil SA................................. 10,290,573 79,314,931 Bematech SA........................................ 840,600 3,231,982 * BHG SA - Brazil Hospitality Group.................. 231,914 1,494,203 BM&FBovespa SA..................................... 18,996,631 64,303,849 Brasil Brokers Participacoes SA.................... 421,800 423,366 BrasilAgro - Co. Brasileira de Propriedades Agricolas.......................................... 14,300 44,988 # Braskem SA Sponsored ADR........................... 520,846 4,906,369 Cia de Locacao das Americas........................ 42,900 58,534 * Cia Providencia Industria e Comercio SA............ 359,200 1,088,251 Cia Siderurgica Nacional SA........................ 1,365,326 2,116,745 Contax Participacoes SA............................ 20,400 80,720 Cosan SA Industria e Comercio...................... 592,888 5,442,214 * CR2 Empreendimentos Imobiliarios SA................ 91,200 87,181 Cyrela Brazil Realty SA Empreendimentos e Participacoes...................................... 1,884,200 7,587,075 Direcional Engenharia SA........................... 566,761 1,372,942 Duratex SA......................................... 959,819 2,653,791 Eternit SA......................................... 124,502 143,619 Even Construtora e Incorporadora SA................ 5,161,239 8,357,876 Ez Tec Empreendimentos e Participacoes SA.......... 232,970 1,425,983 * Fertilizantes Heringer SA.......................... 303,800 430,239 * Fibria Celulose SA................................. 2,182,200 26,446,641 #* Fibria Celulose SA Sponsored ADR................... 3,877,210 47,030,557 * Forjas Taurus SA................................... 28,964 58,921 # Gafisa SA ADR...................................... 2,278,791 3,258,671 * General Shopping Brasil SA......................... 27,230 60,354 Gerdau SA.......................................... 1,998,063 5,535,423 # Gerdau SA Sponsored ADR............................ 13,313,206 45,930,561 Guararapes Confeccoes SA........................... 9,400 274,821 Helbor Empreendimentos SA.......................... 420,089 609,944 * Hypermarcas SA..................................... 1,092,746 7,431,592 Industrias Romi SA................................. 592,600 445,397 International Meal Co. Holdings SA................. 54,000 154,636 Iochpe-Maxion SA................................... 227,665 946,703 JBS SA............................................. 18,033,940 76,971,726 JHSF Participacoes SA.............................. 856,674 686,215 Klabin SA.......................................... 2,345,749 12,008,861 * Log-in Logistica Intermodal SA..................... 764,700 982,077 Magnesita Refratarios SA........................... 3,244,566 2,266,083 * Marfrig Global Foods SA............................ 5,331,406 9,996,031 MRV Engenharia e Participacoes SA.................. 5,437,572 14,068,714 * Paranapanema SA.................................... 3,970,243 2,896,016 * PDG Realty SA Empreendimentos e Participacoes...... 15,506,519 3,017,237 Petroleo Brasileiro SA............................. 5,246,008 15,722,262 # Petroleo Brasileiro SA ADR......................... 18,327,471 110,148,101 Porto Seguro SA.................................... 172,530 1,739,532 Positivo Informatica SA............................ 2,857 2,129 Profarma Distribuidora de Produtos Farmaceuticos SA 153,925 396,711 QGEP Participacoes SA.............................. 824,366 1,750,619 1959 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ------------- ------------ BRAZIL -- (Continued) Rodobens Negocios Imobiliarios SA............... 333,416 $ 1,233,845 * Rossi Residencial SA............................ 1,000,537 789,580 Santos Brasil Participacoes SA.................. 49,600 254,470 Sao Carlos Empreendimentos e Participacoes SA... 39,000 438,573 Sao Martinho SA................................. 411,663 5,236,490 SLC Agricola SA................................. 1,042,891 5,566,927 * Springs Global Participacoes SA................. 945,200 313,511 Sul America SA.................................. 533,531 2,275,201 Tecnisa SA...................................... 1,893,527 2,211,981 Tereos Internacional SA......................... 595,672 228,656 * TPI--Triunfo Participacoes e Investimentos SA... 427,300 784,775 Trisul SA....................................... 89,661 92,894 * Usinas Siderurgicas de Minas Gerais SA.......... 573,600 3,636,725 Vale SA......................................... 5,111,301 35,684,963 # Vale SA Sponsored ADR........................... 16,066,411 112,946,869 * Vanguarda Agro SA............................... 2,955,979 1,070,149 * Via Varejo SA................................... 167,924 404,282 ------------ TOTAL BRAZIL........................................ 751,029,415 ------------ CHILE -- (1.5%) Bupa Chile SA................................... 168,414 133,837 CAP SA.......................................... 210,022 516,341 Cementos BIO BIO SA............................. 665,307 531,618 Cencosud SA..................................... 4,518,004 11,082,306 Cencosud SA ADR................................. 47,190 355,341 * Cia Sud Americana de Vapores SA................. 93,640,541 3,148,438 Cintac SA....................................... 155,202 24,500 Corpbanca SA.................................... 1,137,122,867 12,562,817 Cristalerias de Chile SA........................ 264,624 1,796,134 CTI SA.......................................... 5,615 1,782 Embotelladora Andina SA Class A ADR............. 15,478 219,014 Empresas CMPC SA................................ 20,890,034 52,414,171 Empresas COPEC SA............................... 2,046,355 23,274,976 Empresas Hites SA............................... 1,794,180 588,817 Empresas Iansa SA............................... 49,008,058 1,301,642 Enersis SA...................................... 82,558,367 25,476,261 Enersis SA Sponsored ADR........................ 5,733,186 87,431,086 Gasco SA........................................ 161,080 1,371,298 Grupo Security SA............................... 1,143,589 350,141 Inversiones Aguas Metropolitanas SA............. 6,124,238 9,476,484 * Latam Airlines Group SA......................... 1,205,742 12,678,788 #* Latam Airlines Group SA Sponsored ADR........... 712,427 7,387,868 Masisa SA....................................... 43,593,930 1,209,899 PAZ Corp. SA.................................... 2,201,345 1,215,791 Ripley Corp. SA................................. 12,301,492 5,063,473 Salfacorp SA.................................... 2,581,819 1,719,006 Sigdo Koppers SA................................ 76,067 103,019 Sociedad Matriz SAAM SA......................... 52,294,785 3,711,907 Sociedad Quimica y Minera de Chile SA Class A... 5,274 133,233 Socovesa SA..................................... 5,773,726 1,149,874 * Tech Pack SA.................................... 626,034 262,095 Vina Concha y Toro SA........................... 1,155,777 2,101,217 1960 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ CHILE -- (Continued) Vina San Pedro Tarapaca SA........................ 28,185,164 $ 217,723 ------------ TOTAL CHILE........................................... 269,010,897 ------------ CHINA -- (15.2%) # 361 Degrees International, Ltd.................... 7,995,000 2,287,060 # Agile Property Holdings, Ltd...................... 22,418,999 13,598,829 Agricultural Bank of China, Ltd. Class H.......... 255,464,000 125,074,776 Air China, Ltd. Class H........................... 12,478,000 11,923,245 #* Aluminum Corp. of China, Ltd. ADR................. 264,476 2,940,973 #* Aluminum Corp. of China, Ltd. Class H............. 19,698,000 8,868,069 AMVIG Holdings, Ltd............................... 5,605,100 2,738,947 # Angang Steel Co., Ltd. Class H.................... 9,606,640 7,106,531 Anhui Tianda Oil Pipe Co., Ltd.................... 2,847,412 452,039 Anxin-China Holdings, Ltd......................... 6,152,000 419,954 # Asia Cement China Holdings Corp................... 7,617,000 3,907,202 #* Asian Citrus Holdings, Ltd........................ 7,229,000 774,200 * AVIC International Holdings, Ltd.................. 2,674,000 1,867,635 Bank of China, Ltd. Class H....................... 672,570,331 374,602,926 Bank of Communications Co., Ltd. Class H.......... 66,690,574 55,987,512 # Baoye Group Co., Ltd. Class H..................... 2,861,120 1,658,142 BBMG Corp. Class H................................ 7,424,500 6,487,887 Beijing Capital International Airport Co., Ltd. Class H........................................... 24,271,599 22,998,902 Beijing Capital Land, Ltd. Class H................ 18,113,060 8,350,454 Beijing Enterprises Holdings, Ltd................. 2,102,000 15,966,637 Beijing North Star Co., Ltd. Class H.............. 8,784,000 2,768,769 BYD Electronic International Co., Ltd............. 5,146,136 5,395,730 C C Land Holdings, Ltd............................ 20,944,286 3,607,071 Carrianna Group Holdings Co., Ltd................. 3,880,391 464,666 # Central China Real Estate, Ltd.................... 8,450,350 2,108,940 #* Chaoda Modern Agriculture Holdings, Ltd........... 37,445,412 2,621,179 * Chigo Holding, Ltd................................ 49,744,000 1,069,127 # China Aerospace International Holdings, Ltd....... 32,830,000 4,132,748 China Agri-Industries Holdings, Ltd............... 15,915,500 6,448,963 China Aoyuan Property Group, Ltd.................. 15,566,000 2,505,469 * China Automation Group, Ltd....................... 7,187,000 833,081 China BlueChemical, Ltd........................... 4,940,878 1,717,608 China CITIC Bank Corp., Ltd. Class H.............. 89,590,716 66,366,343 # China Coal Energy Co., Ltd. Class H............... 46,200,000 25,570,716 China Communications Construction Co., Ltd. Class H.......................................... 47,844,327 51,854,263 China Communications Services Corp., Ltd. Class H.......................................... 31,219,071 14,098,481 China Construction Bank Corp. Class H............. 542,030,940 434,581,660 #* China COSCO Holdings Co., Ltd. Class H............ 24,252,000 11,956,449 #* China Culiangwang Beverages Holdings, Ltd......... 3,418,200 192,938 #* China Dredging Environment Protection Holdings, Ltd............................................... 974,000 171,052 China Everbright, Ltd............................. 12,195,869 26,311,750 China Glass Holdings, Ltd......................... 10,028,000 1,289,078 * China High Precision Automation Group, Ltd........ 429,000 12,659 * China High Speed Transmission Equipment Group Co., Ltd.......................................... 16,532,000 11,672,185 China Hongqiao Group, Ltd......................... 3,551,000 2,264,332 * China Huiyuan Juice Group, Ltd.................... 595,483 194,033 China ITS Holdings Co., Ltd....................... 5,486,147 657,824 #* China Lumena New Materials Corp................... 52,602,000 3,180,629 China Merchants Bank Co., Ltd. Class H............ 10,448,596 23,348,127 1961 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) China Merchants Holdings International Co., Ltd.... 4,242,049 $ 15,534,303 China Merchants Land, Ltd.......................... 9,568,000 1,356,839 * China Metal Recycling Holdings, Ltd................ 3,259,800 743,434 * China Mining Resources Group, Ltd.................. 2,817,100 23,906 China Minsheng Banking Corp., Ltd. Class H......... 53,636,500 65,038,430 China National Building Material Co., Ltd. Class H. 37,738,000 36,375,512 China National Materials Co., Ltd.................. 14,826,000 3,941,917 * China New Town Development Co., Ltd................ 11,778,022 658,878 * China Oriental Group Co., Ltd...................... 26,000 3,890 # China Overseas Grand Oceans Group, Ltd............. 923,000 485,392 # China Petroleum & Chemical Corp. ADR............... 1,186,705 93,998,887 China Petroleum & Chemical Corp. Class H........... 86,763,575 68,874,574 #* China Precious Metal Resources Holdings Co., Ltd... 24,410,000 2,143,003 * China Properties Group, Ltd........................ 5,717,000 964,792 * China Qinfa Group, Ltd............................. 4,052,000 134,171 China Railway Construction Corp., Ltd. Class H..... 19,924,014 22,785,639 China Railway Group, Ltd. Class H.................. 26,865,000 19,644,427 * China Rare Earth Holdings, Ltd..................... 10,359,000 1,714,134 China Resources Enterprise, Ltd.................... 674,000 1,479,105 #* China Rongsheng Heavy Industries Group Holdings, Ltd................................................ 8,963,500 813,581 # China Sanjiang Fine Chemicals Co., Ltd............. 377,000 111,841 #* China SCE Property Holdings, Ltd................... 6,192,000 1,192,033 # China Shanshui Cement Group, Ltd................... 19,122,000 8,520,670 China Shenhua Energy Co., Ltd. Class H............. 1,373,000 3,768,931 * China Shipping Container Lines Co., Ltd. Class H... 20,904,700 6,587,317 China Southern Airlines Co., Ltd. Class H.......... 10,898,000 5,803,004 China Starch Holdings, Ltd......................... 18,995,000 418,947 * China Taifeng Beddings Holdings, Ltd............... 640,000 79,788 * China Tianyi Holdings, Ltd......................... 2,828,000 263,217 * China Tontine Wines Group, Ltd..................... 800,000 28,379 China Travel International Investment Hong Kong, Ltd................................................ 52,275,631 17,356,396 China Unicom Hong Kong, Ltd........................ 1,616,000 2,418,822 # China Unicom Hong Kong, Ltd. ADR................... 7,257,121 108,493,959 China Vanadium Titano--Magnetite Mining Co., Ltd... 13,437,000 1,228,008 #* China Yurun Food Group, Ltd........................ 6,972,000 2,680,253 # China ZhengTong Auto Services Holdings, Ltd........ 2,001,500 1,004,476 # China Zhongwang Holdings, Ltd...................... 21,978,954 9,667,743 Chongqing Machinery & Electric Co., Ltd. Class H... 14,606,000 2,250,158 Chongqing Rural Commercial Bank Co., Ltd. Class H.. 16,384,000 10,049,845 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd...................................... 1,188,000 298,322 * CITIC Resources Holdings, Ltd...................... 26,142,000 3,429,278 CITIC, Ltd......................................... 6,941,483 11,930,013 # Citychamp Watch & Jewellery Group, Ltd............. 22,943,108 2,809,904 Clear Media, Ltd................................... 391,000 388,198 * Comtec Solar Systems Group, Ltd.................... 8,800,000 1,106,983 Cosco International Holdings, Ltd.................. 7,302,000 2,992,950 # COSCO Pacific, Ltd................................. 19,176,963 27,898,453 * Coslight Technology International Group Co., Ltd... 20,000 12,240 Country Garden Holdings Co., Ltd................... 3,984,800 1,587,765 * DaChan Food Asia, Ltd.............................. 3,195,000 372,159 # Dah Chong Hong Holdings, Ltd....................... 1,051,000 615,444 Dalian Port PDA Co., Ltd. Class H.................. 6,236,000 2,133,657 # Dongyue Group, Ltd................................. 2,297,000 799,609 1962 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) #* Dynasty Fine Wines Group, Ltd..................... 9,228,600 $ 321,417 Embry Holdings, Ltd............................... 544,000 281,628 # Evergrande Real Estate Group, Ltd................. 78,124,000 32,326,777 Evergreen International Holdings, Ltd............. 1,628,000 175,659 # Fantasia Holdings Group Co., Ltd.................. 22,225,015 2,203,253 # Fosun International, Ltd.......................... 9,780,744 13,709,952 Franshion Properties China, Ltd................... 48,888,580 14,353,692 Fufeng Group, Ltd................................. 2,670,000 1,348,863 * Global Bio-Chem Technology Group Co., Ltd......... 16,728,360 483,975 * Global Sweeteners Holdings, Ltd................... 6,130,350 318,476 * Glorious Property Holdings, Ltd................... 34,684,000 3,976,837 Golden Meditech Holdings, Ltd..................... 9,303,112 1,303,358 Goldlion Holdings, Ltd............................ 1,572,000 675,019 GOME Electrical Appliances Holding, Ltd........... 77,549,000 10,774,602 Greenland Hong Kong Holdings, Ltd................. 2,930,575 1,142,776 # Greentown China Holdings, Ltd..................... 9,566,591 8,492,438 # Guangshen Railway Co., Ltd. Sponsored ADR......... 418,858 10,731,142 Guangzhou Automobile Group Co., Ltd. Class H...... 5,653,572 5,155,248 # Guangzhou R&F Properties Co., Ltd................. 13,975,514 16,006,641 # Guodian Technology & Environment Group Corp., Ltd. Class H.......................................... 4,021,000 500,978 Hainan Meilan International Airport Co., Ltd. Class H........................................... 1,989,000 1,614,599 # Hanergy Thin Film Power Group, Ltd................ 31,944,000 14,798,511 Harbin Electric Co., Ltd. Class H................. 10,851,474 7,759,664 * Heng Tai Consumables Group, Ltd................... 42,187,234 475,241 Hengdeli Holdings, Ltd............................ 2,048,000 381,503 * Hidili Industry International Development, Ltd.... 11,388,000 984,195 * HKC Holdings, Ltd................................. 19,260,878 631,530 # Honghua Group, Ltd................................ 1,636,000 200,316 Hopefluent Group Holdings, Ltd.................... 796,000 241,830 #* Hopson Development Holdings, Ltd.................. 11,192,000 9,922,485 Industrial & Commercial Bank of China, Ltd. Class H.......................................... 302,174,996 215,875,294 Inspur International, Ltd......................... 345,343 73,461 Jiangxi Copper Co., Ltd. Class H.................. 9,933,000 16,193,054 Jingwei Textile Machinery Class H................. 50,000 61,660 # Ju Teng International Holdings, Ltd............... 11,786,249 6,215,063 * Kai Yuan Holdings, Ltd............................ 46,420,000 477,846 # Kaisa Group Holdings, Ltd......................... 22,755,632 4,696,543 Kasen International Holdings, Ltd................. 1,885,000 231,501 Kingboard Chemical Holdings, Ltd.................. 9,345,345 15,090,393 Kingboard Laminates Holdings, Ltd................. 9,655,000 4,089,976 KWG Property Holding, Ltd......................... 19,984,500 12,891,651 #* Labixiaoxin Snacks Group, Ltd..................... 2,491,000 259,409 Lai Fung Holdings, Ltd............................ 51,485,839 1,012,057 # Lee & Man Paper Manufacturing, Ltd................ 4,045,000 2,123,788 * Leoch International Technology, Ltd............... 190,000 26,674 * Lingbao Gold Co., Ltd. Class H.................... 1,372,000 242,586 * LK Technology Holdings, Ltd....................... 112,500 8,020 Longfor Properties Co., Ltd....................... 200,000 261,718 Lonking Holdings, Ltd............................. 24,606,000 4,654,544 * Loudong General Nice Resources China Holdings, Ltd.............................................. 19,948,800 1,572,392 # Maoye International Holdings, Ltd................. 11,540,000 1,724,090 Metallurgical Corp. of China, Ltd. Class H........ 26,561,659 8,163,022 MIE Holdings Corp................................. 4,808,000 545,336 1963 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- CHINA -- (Continued) MIN XIN Holdings, Ltd.............................. 906,418 $ 673,392 * Mingfa Group International Co., Ltd................ 552,000 180,594 # Minmetals Land, Ltd................................ 19,829,205 2,271,262 Minth Group, Ltd................................... 728,000 1,515,490 MMG, Ltd........................................... 12,452,000 3,563,672 Nature Home Holding Co., Ltd....................... 154,000 25,020 # New World China Land, Ltd.......................... 23,970,600 14,893,967 New World Department Store China, Ltd.............. 1,026,000 283,125 Nine Dragons Paper Holdings, Ltd................... 21,314,000 15,602,077 * O-Net Communications Group, Ltd.................... 2,746,000 580,007 Overseas Chinese Town Asia Holdings, Ltd........... 332,000 192,440 Parkson Retail Group, Ltd.......................... 7,457,000 1,774,380 Peak Sport Products Co., Ltd....................... 10,288,000 2,810,749 # Poly Property Group Co., Ltd....................... 31,419,488 14,635,066 * Ports Design, Ltd.................................. 1,276,000 491,895 #* Pou Sheng International Holdings, Ltd.............. 11,183,529 864,441 * Powerlong Real Estate Holdings, Ltd................ 12,936,000 1,782,915 * Prosperity International Holdings HK, Ltd.......... 17,540,000 518,021 Qingling Motors Co., Ltd. Class H.................. 12,058,000 4,042,652 * Qunxing Paper Holdings Co., Ltd.................... 5,020,071 244,777 * Real Gold Mining, Ltd.............................. 3,137,500 106,441 # Real Nutriceutical Group, Ltd...................... 11,046,000 3,122,680 #* Renhe Commercial Holdings Co., Ltd................. 44,367,000 2,002,453 # REXLot Holdings, Ltd............................... 37,241,621 2,908,270 Samson Holding, Ltd................................ 7,661,452 998,336 #* Sany Heavy Equipment International Holdings Co., Ltd............................................... 5,202,000 1,111,015 Scud Group, Ltd.................................... 3,368,000 404,432 * Semiconductor Manufacturing International Corp..... 128,002,000 11,095,042 #* Semiconductor Manufacturing International Corp. ADR............................................... 1,305,426 5,521,952 # Shandong Chenming Paper Holdings, Ltd. Class H..... 4,297,818 2,117,213 Shanghai Industrial Holdings, Ltd.................. 8,240,918 24,346,546 * Shanghai Industrial Urban Development Group, Ltd... 5,592,000 899,014 Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H..................................... 4,844,000 1,612,274 Shanghai Prime Machinery Co., Ltd. Class H......... 7,700,000 1,379,788 Shenzhen International Holdings, Ltd............... 7,025,617 10,125,203 Shenzhen Investment, Ltd........................... 41,994,440 12,065,963 Shimao Property Holdings, Ltd...................... 20,853,535 43,878,600 * Shougang Concord International Enterprises Co., Ltd............................................... 58,414,208 2,479,117 # Shougang Fushan Resources Group, Ltd............... 44,054,594 9,365,086 Shui On Land, Ltd.................................. 55,430,303 12,406,741 * Sijia Group Co..................................... 1,152,649 38,212 Silver Grant International Industries, Ltd......... 17,468,804 2,568,430 * SIM Technology Group, Ltd.......................... 8,253,000 417,689 Sino-Ocean Land Holdings, Ltd...................... 40,614,102 26,127,918 * Sinofert Holdings, Ltd............................. 2,804,000 519,594 * Sinolink Worldwide Holdings, Ltd................... 11,170,508 861,636 * Sinotrans Shipping, Ltd............................ 9,827,416 2,222,761 Sinotrans, Ltd. Class H............................ 861,000 614,374 Sinotruk Hong Kong, Ltd............................ 9,252,835 5,088,774 Skyworth Digital Holdings, Ltd..................... 32,131,176 18,161,494 SMI Holdings Group, Ltd............................ 18,960,000 659,351 SOHO China, Ltd.................................... 28,074,888 19,606,360 SRE Group, Ltd..................................... 22,884,285 616,966 1964 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- -------------- CHINA -- (Continued) Sunac China Holdings, Ltd....................... 383,000 $ 342,869 TCC International Holdings, Ltd................. 14,035,056 5,114,561 Tian An China Investment Co., Ltd............... 6,757,000 4,176,016 # Tiangong International Co., Ltd................. 16,005,944 2,798,233 Tianjin Port Development Holdings, Ltd.......... 20,369,657 4,115,802 # Tianneng Power International, Ltd............... 8,152,280 1,991,810 Tomson Group, Ltd............................... 1,424,772 345,414 Tonly Electronics Holdings, Ltd................. 240,330 169,572 Top Spring International Holdings, Ltd.......... 11,500 3,234 TPV Technology, Ltd............................. 7,700,496 1,572,645 Travelsky Technology, Ltd. Class H.............. 8,222,500 8,696,796 * Trony Solar Holdings Co., Ltd................... 8,775,000 133,567 Wasion Group Holdings, Ltd...................... 391,291 366,669 Weiqiao Textile Co. Class H..................... 7,453,000 4,077,822 West China Cement, Ltd.......................... 36,244,000 4,049,470 Xiamen International Port Co., Ltd. Class H..... 15,252,000 3,870,348 Xingda International Holdings, Ltd.............. 11,322,000 3,552,017 # Xinhua Winshare Publishing and Media Co., Ltd. Class H........................................ 4,837,000 4,367,718 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H........................................ 2,500,000 458,895 * Xiwang Property Holdings Co., Ltd............... 3,556,736 168,712 Xiwang Special Steel Co., Ltd................... 5,905,000 834,347 XTEP International Holdings, Ltd................ 697,500 246,012 * Yanchang Petroleum International, Ltd........... 20,420,000 802,163 # Yanzhou Coal Mining Co., Ltd. Class H........... 15,374,000 12,305,189 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR..... 49,927 393,425 Yip's Chemical Holdings, Ltd.................... 752,000 435,946 Youyuan International Holdings, Ltd............. 630,229 126,777 Yuanda China Holdings, Ltd...................... 292,000 16,945 Yuexiu Property Co., Ltd........................ 101,920,786 20,070,886 # Yuzhou Properties Co., Ltd...................... 9,816,960 2,366,204 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H........................................ 424,600 254,260 Zhong An Real Estate, Ltd....................... 7,219,800 960,704 # Zoomlion Heavy Industry Science and Technology Co., Ltd....................................... 11,645,000 7,140,010 -------------- TOTAL CHINA 2,796,924,754 -------------- COLOMBIA -- (0.1%) Almacenes Exito SA.............................. 11,156 114,303 Cementos Argos SA............................... 526,344 1,984,576 Constructora Conconcreto SA..................... 86,988 48,842 * Fabricato SA.................................... 8,190,234 31,720 Grupo Argos SA.................................. 254,499 1,931,689 Grupo de Inversiones Suramericana SA............ 828,328 12,017,546 Grupo Nutresa SA................................ 463,927 4,848,417 Mineros SA...................................... 65,037 50,910 -------------- TOTAL COLOMBIA...................................... 21,028,003 -------------- CZECH REPUBLIC -- (0.2%) CEZ A.S......................................... 1,027,369 24,046,855 O2 Czech Republic AS............................ 381,442 3,373,816 Pegas Nonwovens SA.............................. 134,543 3,687,236 1965 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- CZECH REPUBLIC -- (Continued) * Unipetrol A.S....................................... 1,418,040 $ 7,833,325 ----------- TOTAL CZECH REPUBLIC.................................... 38,941,232 ----------- GREECE -- (0.1%) * Alpha Bank AE....................................... 6,054,491 2,212,058 Bank of Greece...................................... 26,513 289,688 * Ellaktor SA......................................... 1,002,009 1,919,180 Elval--Hellenic Aluminium Industry SA............... 8,595 9,605 * GEK Terna Holding Real Estate Construction SA....... 782,610 1,548,459 Hellenic Petroleum SA............................... 423,284 1,799,465 * Intracom Holdings SA................................ 1,511,057 593,040 * Intralot SA-Integrated Lottery Systems & Services... 76,173 112,605 * Marfin Investment Group Holdings SA................. 74,389 13,240 * Mytilineos Holdings SA.............................. 523,731 2,971,957 * National Bank of Greece SA.......................... 220,190 225,176 * National Bank of Greece SA ADR...................... 185,316 203,848 * Piraeus Bank SA..................................... 3,363,961 1,957,269 Terna Energy SA..................................... 18,509 44,576 ----------- TOTAL GREECE............................................ 13,900,166 ----------- HUNGARY -- (0.3%) * Danubius Hotel and SpA P.L.C........................ 108,124 2,007,739 * FHB Mortgage Bank P.L.C............................. 3,954 9,986 MOL Hungarian Oil and Gas P.L.C..................... 95,385 3,817,524 # OTP Bank P.L.C...................................... 3,898,283 51,691,841 Tisza Chemical Group P.L.C.......................... 94,656 1,699,211 ----------- TOTAL HUNGARY........................................... 59,226,301 ----------- INDIA -- (9.2%) Aarti Industries.................................... 3,392 15,568 Aban Offshore, Ltd.................................. 331,314 2,506,207 * ABG Shipyard, Ltd................................... 91,428 302,041 Adani Enterprises, Ltd.............................. 2,518,112 25,945,613 * Adani Power, Ltd.................................... 1,131,933 946,880 Aditya Birla Nuvo, Ltd.............................. 739,118 21,481,601 Ahmednagar Forgings, Ltd............................ 173,328 901,069 Alembic, Ltd........................................ 66,883 47,082 Allahabad Bank...................................... 2,114,906 3,939,968 Allcargo Logistics, Ltd............................. 9,041 47,898 Alok Industries, Ltd................................ 10,204,534 1,644,889 Amtek Auto, Ltd..................................... 1,551,102 4,322,333 Amtek India, Ltd.................................... 1,062,861 1,145,132 Anant Raj, Ltd...................................... 657,518 531,650 * Andhra Bank......................................... 2,676,709 3,952,589 Apar Industries, Ltd................................ 99,717 596,279 Apollo Tyres, Ltd................................... 4,008,187 15,607,168 Arvind, Ltd......................................... 3,503,698 16,339,826 Atul, Ltd........................................... 10,832 225,133 Axis Bank, Ltd...................................... 1,222,500 11,573,747 Bajaj Finance, Ltd.................................. 60,850 3,967,025 Bajaj Finserv, Ltd.................................. 138,482 3,235,668 Bajaj Holdings & Investment, Ltd.................... 395,402 9,003,290 1966 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Ballarpur Industries, Ltd............................ 4,422,774 $ 1,124,374 Balmer Lawrie & Co., Ltd............................. 161,889 1,531,164 * Balrampur Chini Mills, Ltd........................... 2,486,372 2,450,733 Bank of Baroda....................................... 6,161,280 19,071,926 Bank of India........................................ 1,708,464 7,301,478 Bank Of Maharashtra.................................. 1,498,465 1,006,781 BGR Energy Systems, Ltd.............................. 169,812 426,387 Bharat Electronics, Ltd.............................. 10,591 568,246 Bharat Heavy Electricals, Ltd........................ 8,825,889 41,455,010 Bharti Airtel, Ltd................................... 2,286,870 13,785,812 Bhushan Steel, Ltd................................... 1,041,717 1,414,516 Biocon, Ltd.......................................... 143,739 962,341 Birla Corp., Ltd..................................... 146,589 1,253,112 Bombay Dyeing & Manufacturing Co., Ltd............... 1,567,477 2,048,642 Brigade Enterprises, Ltd............................. 31,423 85,349 Cairn India, Ltd..................................... 8,360,478 31,450,144 Canara Bank.......................................... 1,234,090 8,780,492 Ceat, Ltd............................................ 208,338 2,754,256 * Central Bank Of India................................ 1,815,383 3,058,668 Century Textiles & Industries, Ltd................... 598,690 5,527,818 Chambal Fertilizers & Chemicals, Ltd................. 2,460,737 2,403,075 City Union Bank, Ltd................................. 1,450,289 2,179,034 Claris Lifesciences, Ltd............................. 74,868 214,607 Corp. Bank........................................... 1,942,085 2,187,317 Cox & Kings, Ltd..................................... 838,511 4,098,619 * Cranes Software International, Ltd................... 114,443 7,204 Cyient, Ltd.......................................... 26,080 227,265 Dalmia Bharat, Ltd................................... 167,168 1,294,388 * DB Realty, Ltd....................................... 1,101,045 1,621,116 * DCB Bank, Ltd........................................ 2,874,325 5,471,013 DCM Shriram, Ltd..................................... 357,564 847,264 Deepak Fertilisers & Petrochemicals Corp., Ltd....... 516,320 1,181,513 * DEN Networks, Ltd.................................... 292,275 511,902 Dena Bank............................................ 1,388,737 1,277,719 Dewan Housing Finance Corp., Ltd..................... 115,020 874,754 Dishman Pharmaceuticals & Chemicals, Ltd............. 442,601 1,083,944 DLF, Ltd............................................. 5,189,780 14,249,341 Dredging Corp. Of India, Ltd......................... 51,482 325,025 Edelweiss Financial Services, Ltd.................... 1,410,977 1,577,028 * Educomp Solutions, Ltd............................... 96,400 40,194 Eicher Motors, Ltd................................... 3,085 807,344 * EID Parry India, Ltd................................. 963,372 3,017,959 EIH, Ltd............................................. 886,903 1,634,230 Electrosteel Castings, Ltd........................... 894,946 238,459 * Eros International Media, Ltd........................ 425,062 2,479,060 Escorts, Ltd......................................... 900,499 1,867,931 * Ess Dee Aluminium, Ltd............................... 42,453 181,221 * Essar Oil, Ltd....................................... 963,947 1,730,122 Essar Ports, Ltd..................................... 713,853 1,247,757 * Essar Shipping, Ltd.................................. -- -- Essel Propack, Ltd................................... 784,117 1,520,188 Eveready Industries India, Ltd....................... 84,121 277,748 Federal Bank, Ltd.................................... 8,414,667 19,170,479 1967 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ INDIA -- (Continued) Financial Technologies India, Ltd.................. 252,944 $ 822,586 Finolex Cables, Ltd................................ 688,924 2,800,625 Finolex Industries, Ltd............................ 482,398 2,241,082 * Firstsource Solutions, Ltd......................... 3,875,019 1,775,733 * Fortis Healthcare, Ltd............................. 832,604 1,541,085 Future Retail, Ltd................................. 885,913 1,687,146 GAIL India, Ltd.................................... 3,389,577 23,172,374 Gateway Distriparks, Ltd........................... 113,322 700,651 Gati, Ltd.......................................... 322,735 1,297,304 Global Offshore Services, Ltd...................... 9,322 125,312 Godrej Properties, Ltd............................. 89,893 403,948 Graphite India, Ltd................................ 718,222 902,775 Grasim Industries, Ltd............................. 15,142 946,192 Great Eastern Shipping Co., Ltd. (The)............. 1,015,526 5,933,434 Greaves Cotton, Ltd................................ 9,635 22,522 * GTL Infrastructure, Ltd............................ 338,316 12,802 Gujarat Alkalies & Chemicals, Ltd.................. 467,952 1,456,597 Gujarat Fluorochemicals, Ltd....................... 333,309 3,919,622 Gujarat Mineral Development Corp., Ltd............. 1,249,804 2,471,519 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd............................................... 729,530 1,021,014 * Gujarat NRE Coke, Ltd.............................. 1,237,586 107,035 Gujarat State Fertilisers & Chemicals, Ltd......... 2,186,080 3,529,231 Gujarat State Petronet, Ltd........................ 2,720,005 5,057,399 Gulf Oil Corp., Ltd................................ 76,678 207,385 Gulf Oil Lubricants India, Ltd..................... 113,892 1,001,866 * HCL Infosystems, Ltd............................... 462,162 375,560 HEG, Ltd........................................... 176,205 633,367 * HeidelbergCement India, Ltd........................ 203,465 289,036 * Hexa Tradex, Ltd................................... 219,714 94,067 Hikal, Ltd......................................... 2,291 28,301 Hindalco Industries, Ltd........................... 18,949,984 42,750,037 Hinduja Global Solutions, Ltd...................... 60,085 609,335 * Hindustan Construction Co., Ltd.................... 5,073,959 2,845,985 * Hotel Leela Venture, Ltd........................... 466,035 170,178 HSIL, Ltd.......................................... 263,373 1,690,678 HT Media, Ltd...................................... 328,939 717,923 ICICI Bank, Ltd.................................... 3,153,270 18,296,299 ICICI Bank, Ltd. Sponsored ADR..................... 16,722,630 200,838,786 IDBI Bank, Ltd..................................... 4,225,680 4,828,697 Idea Cellular, Ltd................................. 665,606 1,665,046 IDFC, Ltd.......................................... 6,072,777 16,863,095 IFCI, Ltd.......................................... 6,602,323 3,997,426 IIFL Holdings, Ltd................................. 2,848,913 8,215,986 IL&FS Transportation Networks, Ltd................. 228,248 781,414 * India Cements, Ltd. (The).......................... 3,827,054 6,661,780 Indiabulls Housing Finance, Ltd.................... 1,795,884 17,042,995 Indian Bank........................................ 1,326,290 3,955,878 * Indian Hotels Co., Ltd............................. 4,834,889 9,435,099 Indian Overseas Bank............................... 1,771,514 1,626,787 ING Vysya Bank, Ltd................................ 265,599 3,945,041 * Intellect Design Arena, Ltd........................ 969,923 1,706,977 Jain Irrigation Systems, Ltd....................... 5,106,141 5,771,152 * Jaiprakash Associates, Ltd......................... 20,355,758 9,407,884 1968 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Jammu & Kashmir Bank, Ltd. (The)..................... 3,271,950 $ 8,055,454 * Jaypee Infratech, Ltd................................ 5,889,927 1,968,053 JB Chemicals & Pharmaceuticals, Ltd.................. 373,888 1,158,519 JBF Industries, Ltd.................................. 128,839 529,897 Jindal Poly Films, Ltd............................... 219,686 874,918 * Jindal Poly Investment & Finance Co., Ltd............ 1 1 Jindal Saw, Ltd...................................... 2,244,000 2,912,535 * Jindal Stainless, Ltd................................ 26,170 14,091 Jindal Steel & Power, Ltd............................ 4,291,213 11,034,336 JK Cement, Ltd....................................... 236,699 2,656,138 JK Lakshmi Cement, Ltd............................... 457,907 2,869,970 JK Tyre & Industries, Ltd............................ 1,114,355 2,178,871 JM Financial, Ltd.................................... 4,580,382 3,846,106 JSW Energy, Ltd...................................... 5,874,146 11,546,392 JSW Steel, Ltd....................................... 1,893,684 30,282,177 Jubilant Life Sciences, Ltd.......................... 871,456 2,422,887 * Kakinada Fertilizers, Ltd............................ 2,082,494 70,677 Kalpataru Power Transmission, Ltd.................... 610,512 2,300,525 Karnataka Bank, Ltd. (The)........................... 2,195,065 5,034,955 Karur Vysya Bank, Ltd. (The)......................... 387,245 3,718,101 KEC International, Ltd............................... 884,011 1,344,941 * Kesoram Industries, Ltd.............................. 552,385 1,111,724 Kirloskar Brothers, Ltd.............................. 2,141 7,309 Kirloskar Oil Engines, Ltd........................... 293,581 1,271,713 Kolte-Patil Developers, Ltd.......................... 83,429 273,809 KPIT Technologies, Ltd............................... 122,614 410,182 KRBL, Ltd............................................ 344,805 665,932 Lakshmi Vilas Bank, Ltd. (The)....................... 457,710 658,896 Maharashtra Seamless, Ltd............................ 95,955 320,746 Mahindra Holidays & Resorts India, Ltd............... 9,675 40,731 Mahindra Lifespace Developers, Ltd................... 153,680 1,275,054 * Manaksia Aluminum Co., Ltd........................... 1,986 661 * Manaksia Coated Metals............................... 1,986 661 * Manaksia Industrial Co., Ltd......................... 1,986 661 * Manaksia Steels, Ltd................................. 1,986 661 * Manaksia, Ltd........................................ 1,986 1,569 MAX India, Ltd....................................... 30,211 230,422 McLeod Russel India, Ltd............................. 588,299 1,942,527 Mercator, Ltd........................................ 1,796,935 628,825 Merck, Ltd........................................... 29,798 457,057 MOIL, Ltd............................................ 4,675 21,954 Monnet Ispat & Energy, Ltd........................... 121,513 120,453 Motilal Oswal Financial Services, Ltd................ 4,955 25,405 Mphasis, Ltd......................................... 150,081 877,468 MRF, Ltd............................................. 9,793 6,320,286 National Aluminium Co., Ltd.......................... 3,507,771 2,567,543 Nava Bharat Ventures, Ltd............................ 68,819 214,469 NCC, Ltd............................................. 5,680,101 6,936,800 NIIT Technologies, Ltd............................... 531,080 2,993,973 NIIT, Ltd............................................ 195,137 138,773 Noida Toll Bridge Co., Ltd........................... 155,450 88,040 Oberoi Realty, Ltd................................... 192,001 876,807 OCL India, Ltd....................................... 83,005 714,729 1969 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ INDIA -- (Continued) OMAXE, Ltd......................................... 684,458 $ 1,396,980 Orient Cement, Ltd................................. 567,622 1,738,445 Oriental Bank of Commerce.......................... 1,205,589 5,139,519 * Oswal Chemicals & Fertilizers, Ltd................. 173,809 76,029 * Parsvnath Developers, Ltd.......................... 1,080,235 313,410 PC Jeweller, Ltd................................... 336,877 1,445,536 Peninsula Land, Ltd................................ 31,142 18,837 Petronet LNG, Ltd.................................. 1,042,795 3,021,248 * Pipavav Defence & Offshore Engineering Co., Ltd.... 22,287 17,643 Piramal Enterprises, Ltd........................... 729,407 9,831,867 * Plethico Pharmaceuticals, Ltd...................... 178,019 105,231 Polaris Financial Technology, Ltd.................. 1,003,672 2,385,908 Power Finance Corp., Ltd........................... 16,793 80,499 Praj Industries, Ltd............................... 681,931 687,722 Prakash Industries, Ltd............................ 165,631 134,829 * Prism Cement, Ltd.................................. 252,722 420,881 PTC India Financial Services, Ltd.................. 3,160,437 3,196,429 PTC India, Ltd..................................... 4,119,645 6,612,429 * Punj Lloyd, Ltd.................................... 1,476,964 880,545 Puravankara Projects, Ltd.......................... 220,478 293,958 Radico Khaitan, Ltd................................ 289,095 446,228 Rain Industries, Ltd............................... 1,744,420 1,058,309 Rajesh Exports, Ltd................................ 287,502 790,886 Ramco Cements, Ltd. (The).......................... 399,005 2,330,893 Ratnamani Metals & Tubes, Ltd...................... 1,288 14,539 * RattanIndia Infrastructure, Ltd.................... 8,329,209 409,383 Raymond, Ltd....................................... 629,181 5,162,505 Redington India, Ltd............................... 742,301 1,478,674 * REI Agro, Ltd...................................... 4,019,258 68,275 Reliance Capital, Ltd.............................. 1,319,922 10,335,148 * Reliance Communications, Ltd....................... 10,751,778 13,765,931 Reliance Industries, Ltd........................... 20,419,563 301,592,224 Reliance Industries, Ltd. GDR...................... 96,093 2,852,587 * Reliance Power, Ltd................................ 8,995,421 9,457,643 Rolta India, Ltd................................... 1,564,222 2,769,385 Ruchi Soya Industries, Ltd......................... 1,957,762 1,089,972 Rural Electrification Corp., Ltd................... 2,768,400 14,799,113 Sesa Sterlite, Ltd................................. 14,538,585 47,214,147 Sesa Sterlite, Ltd. ADR............................ 1,618,894 21,029,438 * Shipping Corp. of India, Ltd....................... 2,304,881 2,086,820 * Shree Renuka Sugars, Ltd........................... 4,436,177 1,153,997 Simplex Infrastructures, Ltd....................... 23,640 142,134 Sintex Industries, Ltd............................. 3,030,128 5,397,303 Sobha, Ltd......................................... 751,049 5,671,231 South Indian Bank, Ltd. (The)...................... 9,724,062 4,321,892 SREI Infrastructure Finance, Ltd................... 1,470,670 1,077,441 SRF, Ltd........................................... 337,716 5,187,423 State Bank of Bikaner & Jaipur..................... 50,954 531,905 State Bank of India................................ 19,322,648 96,205,889 State Bank of Travancore........................... 1,903 16,338 Steel Authority of India, Ltd...................... 145,701 181,066 Sterlite Technologies, Ltd......................... 1,813,999 1,811,694 Styrolution ABS India, Ltd......................... 28,114 320,135 1970 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ------------- -------------- INDIA -- (Continued) Sundram Fasteners, Ltd........................ 37,667 $ 123,631 * Suzlon Energy, Ltd............................ 6,248,864 1,616,120 Syndicate Bank................................ 2,880,564 5,432,191 Tamil Nadu Newsprint & Papers, Ltd............ 77,579 167,637 Tata Chemicals, Ltd........................... 1,201,925 8,852,658 Tata Global Beverages, Ltd.................... 5,612,575 14,437,929 Tata Motors, Ltd.............................. 3,300,292 31,190,108 Tata Motors, Ltd. Sponsored ADR............... 163,263 8,052,131 Tata Steel, Ltd............................... 7,493,237 47,200,306 Techno Electric & Engineering Co., Ltd........ 19,626 128,756 * Teledata Marine Solutions, Ltd................ 267,258 -- Time Technoplast, Ltd......................... 832,683 688,456 Tube Investments of India, Ltd................ 517,650 3,074,003 * TV18 Broadcast, Ltd........................... 6,105,867 3,414,429 UCO Bank...................................... 5,290,500 6,410,658 Uflex, Ltd.................................... 391,028 957,542 Unichem Laboratories, Ltd..................... 260,034 931,005 Union Bank of India........................... 1,648,312 5,539,072 UPL, Ltd...................................... 3,944,920 23,420,427 * Usha Martin, Ltd.............................. 1,811,897 872,707 * Uttam Galva Steels, Ltd....................... 112,549 117,665 VA Tech Wabag, Ltd............................ 1,281 33,304 Vardhman Textiles, Ltd........................ 218,768 1,558,215 Videocon Industries, Ltd...................... 769,833 1,961,572 Vijaya Bank................................... 2,884,524 2,287,899 Welspun Corp., Ltd............................ 1,847,557 2,023,756 * Welspun Enterprises, Ltd...................... 92,378 442,011 Welspun India, Ltd............................ 71,714 439,094 Wockhardt, Ltd................................ 509,935 9,934,905 Zensar Technologies, Ltd...................... 64,390 677,786 Zuari Agro Chemicals, Ltd..................... 85,795 322,092 -------------- TOTAL INDIA....................................... 1,685,474,715 -------------- INDONESIA -- (2.8%) Adaro Energy Tbk PT........................... 267,824,000 21,044,507 Agung Podomoro Land Tbk PT.................... 118,961,600 4,168,919 Alam Sutera Realty Tbk PT..................... 195,877,400 9,121,970 Aneka Tambang Persero Tbk PT.................. 80,886,500 6,763,614 Asahimas Flat Glass Tbk PT.................... 5,277,000 3,488,522 Astra Graphia Tbk PT.......................... 436,900 64,822 * Bakrie and Brothers Tbk PT.................... 1,038,980,250 4,100,968 * Bakrie Sumatera Plantations Tbk PT............ 111,992,900 442,016 * Bakrie Telecom Tbk PT......................... 260,426,500 1,027,932 * Bakrieland Development Tbk PT................. 532,272,646 2,100,938 Bank Bukopin Tbk PT........................... 63,324,333 3,837,425 Bank Danamon Indonesia Tbk PT................. 36,234,654 12,554,268 Bank Mandiri Persero Tbk PT................... 75,216,231 64,791,757 Bank Negara Indonesia Persero Tbk PT.......... 106,889,241 52,373,513 * Bank Pan Indonesia Tbk PT..................... 144,273,201 12,051,902 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT....................................... 34,447,300 2,234,156 Bank Permata Tbk PT........................... 381,272 46,531 Bank Tabungan Negara Persero Tbk PT........... 73,017,727 5,704,920 * Barito Pacific Tbk PT......................... 15,599,000 378,902 1971 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- INDONESIA -- (Continued) Benakat Integra Tbk PT............................. 142,047,100 $ 1,284,580 * Berlian Laju Tanker Tbk PT......................... 128,161,466 -- BISI International Tbk PT.......................... 14,350,200 1,188,017 * Budi Starch & Sweetener Tbk PT..................... 9,238,200 72,741 * Bumi Resources Tbk PT.............................. 86,715,500 686,887 Bumi Serpong Damai Tbk PT.......................... 41,325,600 6,551,934 BW Plantation Tbk PT............................... 8,183,700 228,836 * Central Proteinaprima Tbk PT....................... 42,539,300 393,855 Charoen Pokphand Indonesia Tbk PT.................. 28,580,830 8,877,080 Ciputra Development Tbk PT......................... 138,401,100 15,605,846 Ciputra Property Tbk PT............................ 37,873,900 2,440,302 Ciputra Surya Tbk PT............................... 17,279,700 4,073,614 * Clipan Finance Indonesia Tbk PT.................... 2,995,500 101,550 * Darma Henwa Tbk PT................................. 246,575,442 973,260 * Davomas Abadi Tbk PT............................... 54,906,800 4,334 * Delta Dunia Makmur Tbk PT.......................... 59,445,700 735,006 Elnusa Tbk PT...................................... 65,277,600 2,916,238 * Energi Mega Persada Tbk PT......................... 573,813,078 4,692,700 * Erajaya Swasembada Tbk PT.......................... 26,265,800 2,486,777 * Ever Shine Textile Tbk PT.......................... 19,342,215 282,480 * Exploitasi Energi Indonesia Tbk PT................. 744,100 6,759 Gajah Tunggal Tbk PT............................... 32,423,900 3,722,610 * Garuda Indonesia Persero Tbk PT.................... 28,600,581 1,341,156 Global Mediacom Tbk PT............................. 95,048,400 13,863,485 * Great River International Tbk PT................... 1,788,000 -- Gudang Garam Tbk PT................................ 1,543,600 7,018,090 Harum Energy Tbk PT................................ 17,230,700 2,058,387 Hexindo Adiperkasa Tbk PT.......................... 1,364,644 408,638 Holcim Indonesia Tbk PT............................ 23,235,200 3,596,585 Indah Kiat Pulp & Paper Corp. Tbk PT............... 39,421,700 3,374,808 * Indika Energy Tbk PT............................... 28,170,800 1,089,483 Indo Tambangraya Megah Tbk PT...................... 1,029,800 1,356,915 * Indo-Rama Synthetics Tbk PT........................ 41,500 2,768 Indofood Sukses Makmur Tbk PT...................... 72,541,800 43,120,317 Intiland Development Tbk PT........................ 108,003,500 5,265,375 Japfa Comfeed Indonesia Tbk PT..................... 27,068,750 1,889,363 Jaya Real Property Tbk PT.......................... 121,720,800 11,500,694 Kawasan Industri Jababeka Tbk PT................... 337,026,120 8,048,528 * Lippo Cikarang Tbk PT.............................. 679,700 613,898 Lippo Karawaci Tbk PT.............................. 295,354,949 26,395,341 Matahari Putra Prima Tbk PT........................ 15,892,400 4,761,008 Mayora Indah Tbk PT................................ 3,381,300 6,465,029 Medco Energi Internasional Tbk PT.................. 27,875,300 6,863,818 Metrodata Electronics Tbk PT....................... 1,455,100 73,575 MNC Investama Tbk PT............................... 307,812,300 6,827,516 Modernland Realty Tbk PT........................... 59,776,900 2,495,852 Multipolar Tbk PT.................................. 58,116,500 3,856,704 * Nusantara Infrastructure Tbk PT.................... 102,476,600 1,530,677 Pabrik Kertas Tjiwi Kimia Tbk PT................... 929,000 61,478 Pan Brothers Tbk PT................................ 18,711,650 666,925 * Panin Financial Tbk PT............................. 172,344,300 3,690,665 * Paninvest Tbk PT................................... 30,871,000 1,776,396 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT............................................ 60,102,484 8,699,468 1972 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ INDONESIA -- (Continued) Petrosea Tbk PT................................... 3,556,500 $ 258,498 Ramayana Lestari Sentosa Tbk PT................... 40,540,500 2,619,449 Salim Ivomas Pratama Tbk PT....................... 35,493,300 1,934,627 Sampoerna Agro PT................................. 11,712,641 1,737,927 Samudera Indonesia Tbk PT......................... 6,100 5,672 Selamat Sempurna Tbk PT........................... 11,436,500 4,348,169 Semen Baturaja Persero Tbk PT..................... 11,371,300 332,644 * Sentul City Tbk PT................................ 64,959,900 583,915 * Sigmagold Inti Perkasa Tbk PT..................... 30,290,700 1,118,577 Sinar Mas Agro Resources & Technology Tbk PT...... 7,806,900 4,224,875 Sinar Mas Multiartha Tbk PT....................... 2,000 630 Sri Rejeki Isman Tbk PT........................... 47,261,500 578,874 * Surya Dumai Industri Tbk.......................... 5,145,000 -- Surya Semesta Internusa Tbk PT.................... 58,354,500 5,028,611 Surya Toto Indonesia Tbk PT....................... 607,900 200,608 * Suryainti Permata Tbk PT.......................... 17,378,000 -- Tiga Pilar Sejahtera Food Tbk..................... 25,601,122 4,332,554 Timah Persero Tbk PT.............................. 62,892,860 5,788,288 Trias Sentosa Tbk PT.............................. 336,500 9,949 * Trimegah Securities Tbk PT........................ 9,110,900 48,941 * Truba Alam Manunggal Engineering PT............... 129,244,500 102,028 Tunas Baru Lampung Tbk PT......................... 20,088,200 1,108,360 Tunas Ridean Tbk PT............................... 42,848,500 2,261,475 Ultrajaya Milk Industry & Trading Co. Tbk PT...... 8,688,600 2,828,452 Unggul Indah Cahaya Tbk PT........................ 319,635 41,272 United Tractors Tbk PT............................ 14,242,400 20,041,332 Vale Indonesia Tbk PT............................. 40,699,200 11,030,245 * Visi Media Asia Tbk PT............................ 15,238,600 528,004 Wintermar Offshore Marine Tbk PT.................. 1,799,598 100,980 ------------ TOTAL INDONESIA....................................... 513,530,886 ------------ ISRAEL -- (0.0%) * Knafaim Holdings, Ltd............................. 1 1 * Liberty Properties, Ltd........................... 2,467 2,589 ------------ TOTAL ISRAEL.......................................... 2,590 ------------ MALAYSIA -- (3.7%) A & M Realty Bhd.................................. 14,600 3,570 * Adventa Bhd....................................... 62,000 14,677 # Affin Holdings Bhd................................ 12,197,150 9,641,477 * Ahmad Zaki Resources Bhd.......................... 164,200 31,786 # AirAsia Bhd....................................... 23,401,000 18,047,318 #* Alam Maritim Resources Bhd........................ 7,004,400 1,231,214 Alliance Financial Group Bhd...................... 16,479,900 21,694,635 Allianz Malaysia Bhd.............................. 28,800 92,848 AMMB Holdings Bhd................................. 23,966,062 41,346,821 Ann Joo Resources Bhd............................. 2,973,600 917,556 APM Automotive Holdings Bhd....................... 745,300 1,017,558 Batu Kawan Bhd.................................... 2,084,450 10,546,873 Benalec Holdings Bhd.............................. 7,645,500 1,752,944 Berjaya Assets Bhd................................ 355,600 83,092 # Berjaya Corp. Bhd................................. 47,160,480 5,250,724 1973 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) Berjaya Land Bhd.................................... 13,220,000 $ 2,898,255 # BIMB Holdings Bhd................................... 3,876,007 4,388,778 BLD Plantation Bhd.................................. 6,600 14,531 # Boustead Holdings Bhd............................... 7,079,498 9,060,120 Boustead Plantations Bhd............................ 1,491,900 586,094 * Bumi Armada Bhd..................................... 3,590,500 1,187,748 Cahya Mata Sarawak Bhd.............................. 6,401,400 7,396,885 Can-One Bhd......................................... 401,400 262,020 CB Industrial Product Holding Bhd................... 1,722,100 990,485 Chin Teck Plantations Bhd........................... 309,100 784,094 # Coastal Contracts Bhd............................... 2,323,900 1,869,751 Crescendo Corp. Bhd................................. 259,800 173,039 CSC Steel Holdings Bhd.............................. 1,921,456 534,384 * Datuk Keramik Holdings Bhd.......................... 127,000 -- * Daya Materials Bhd.................................. 14,638,800 603,269 DRB-Hicom Bhd....................................... 18,941,300 9,307,237 # Eastern & Oriental Bhd.............................. 14,923,716 9,394,035 * ECM Libra Financial Group Bhd....................... 2,242,050 611,420 Engtex Group Bhd.................................... 467,700 138,778 * Evergreen Fibreboard Bhd............................ 1,288,026 307,711 Eversendai Corp. Bhd................................ 586,700 97,645 Faber Group Bhd..................................... 3,339,500 2,334,062 FAR East Holdings Bhd............................... 403,800 914,395 * Fountain View Development Bhd....................... 2,573,200 -- # Genting Bhd......................................... 9,520,400 23,139,760 # Genting Malaysia Bhd................................ 33,247,400 37,134,890 George Kent Malaysia BHD............................ 84,533 28,333 * Global Oriental Bhd................................. 1,283,100 188,353 Glomac Bhd.......................................... 7,416,300 2,021,833 * Goldis Bhd.......................................... 3,227,495 1,975,216 GuocoLand Malaysia Bhd.............................. 2,804,100 992,792 # HAP Seng Consolidated Bhd........................... 14,150,900 17,191,740 Hap Seng Plantations Holdings Bhd................... 3,806,300 2,669,660 Hiap Teck Venture Bhd............................... 1,476,900 239,591 # Hong Leong Financial Group Bhd...................... 2,590,151 12,039,361 Hong Leong Industries Bhd........................... 1,257,300 1,521,059 Hua Yang Bhd........................................ 1,663,233 982,562 * Hume Industries Bhd................................. 1,120,684 1,124,484 Hwang Capital Malaysia Bhd.......................... 534,400 284,007 # IJM Corp. Bhd....................................... 23,603,059 44,882,778 IJM Land Bhd........................................ 7,250,300 7,123,360 IJM Plantations Bhd................................. 201,100 193,437 # Insas Bhd........................................... 1,605,800 354,583 Integrax Bhd........................................ 974,800 763,851 * Iris Corp. Bhd...................................... 21,684,200 2,016,786 * Iskandar Waterfront City Bhd........................ 1,432,000 542,919 * JAKS Resources Bhd.................................. 9,634,600 1,347,933 # Jaya Tiasa Holdings Bhd............................. 6,023,133 3,064,100 # JCY International Bhd............................... 10,030,900 1,928,065 * K&N Kenanga Holdings Bhd............................ 2,020,487 357,493 * Karambunai Corp. Bhd................................ 12,936,600 229,682 Keck Seng Malaysia Bhd.............................. 2,515,500 3,637,352 Kian JOO CAN Factory Bhd............................ 4,777,380 3,883,174 1974 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) * KIG Glass Industrial Bhd............................ 260,000 $ -- Kim Loong Resources Bhd............................. 522,800 397,054 Kimlun Corp. Bhd.................................... 815,300 291,310 KLCCP Stapled Group................................. 4,118,600 7,827,655 #* KNM Group Bhd....................................... 26,826,925 4,382,157 * Kretam Holdings Bhd................................. 4,212,000 535,010 # KSL Holdings Bhd.................................... 6,013,732 3,317,748 * KUB Malaysia Bhd.................................... 5,684,400 662,007 # Kulim Malaysia Bhd.................................. 8,563,900 7,168,197 Kumpulan Fima Bhd................................... 2,385,600 1,304,106 Kumpulan Perangsang Selangor Bhd.................... 4,262,300 1,760,074 Kwantas Corp. Bhd................................... 288,400 157,896 Land & General BHD.................................. 12,048,100 1,733,674 * Landmarks Bhd....................................... 2,119,208 605,711 LBS Bina Group Bhd.................................. 3,436,600 1,456,474 Lion Industries Corp. Bhd........................... 5,795,181 780,198 Magnum Bhd.......................................... 4,990,200 3,833,167 # Mah Sing Group Bhd.................................. 7,769,639 4,078,146 Malayan Flour Mills Bhd............................. 3,117,950 1,422,576 # Malaysia Airports Holdings Bhd...................... 3,868,646 7,620,715 Malaysia Marine and Heavy Engineering Holdings Bhd.. 1,775,400 766,927 Malaysian Bulk Carriers Bhd......................... 4,604,925 1,796,694 Malaysian Pacific Industries Bhd.................... 1,352,975 2,148,852 Malaysian Resources Corp. Bhd....................... 17,630,900 6,537,740 Malton Bhd.......................................... 4,335,500 993,861 # MBM Resources Bhd................................... 2,727,403 2,369,020 Media Prima Bhd..................................... 4,226,600 2,174,801 Mega First Corp. BHD................................ 1,381,900 897,307 MISC Bhd............................................ 11,521,104 24,603,378 MK Land Holdings BHD................................ 9,948,400 1,160,053 MKH Bhd............................................. 2,893,470 2,175,546 MMC Corp. Bhd....................................... 14,882,980 9,921,369 MNRB Holdings Bhd................................... 1,754,000 1,878,136 Muda Holdings Bhd................................... 148,500 64,585 # Mudajaya Group Bhd.................................. 4,170,600 1,858,466 Muhibbah Engineering M Bhd.......................... 2,960,600 1,543,561 * Mulpha International Bhd............................ 24,881,500 2,429,910 Naim Holdings Bhd................................... 3,201,500 2,639,784 NCB Holdings Bhd.................................... 2,451,500 1,691,565 Negri Sembilan Oil Palms Bhd........................ 167,600 231,006 Oriental Holdings Bhd............................... 3,665,679 7,117,766 # OSK Holdings Bhd.................................... 7,111,471 3,786,754 Pacific & Orient Bhd................................ 334,330 125,012 Panasonic Manufacturing Malaysia Bhd................ 382,080 2,159,829 Pantech Group Holdings Bhd.......................... 3,565,100 710,393 * Paracorp Bhd........................................ 252,000 -- Paramount Corp. Bhd................................. 1,660,525 662,984 #* Parkson Holdings Bhd................................ 5,986,867 4,087,462 # Perdana Petroleum Bhd............................... 1,669,480 522,188 Pie Industrial Bhd.................................. 388,320 758,370 PJ Development Holdings Bhd......................... 4,756,000 1,920,346 Pos Malaysia Bhd.................................... 589,717 761,518 # PPB Group Bhd....................................... 8,317,466 33,262,743 1975 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) Press Metal Bhd..................................... 6,219,362 $ 4,608,762 * Prime Utilities Bhd................................. 39,000 -- Protasco Bhd........................................ 3,429,400 1,460,491 RCE Capital Bhd..................................... 3,918,000 339,204 # RHB Capital Bhd..................................... 11,448,382 25,728,818 * Rimbunan Sawit Bhd.................................. 6,486,500 998,984 Salcon Bhd.......................................... 794,800 141,685 Sarawak Oil Palms Bhd............................... 455,720 703,999 Sarawak Plantation Bhd.............................. 99,200 59,433 * Scomi Group Bhd..................................... 25,227,900 1,626,518 * Seal, Inc. BHD...................................... 931,000 180,047 Selangor Dredging Bhd............................... 1,352,800 398,690 Selangor Properties Bhd............................. 75,300 115,761 Shangri-La Hotels Malaysia Bhd...................... 734,700 1,382,719 * Shell Refining Co. Federation of Malaya Bhd......... 170,900 259,981 * Shin Yang Shipping Corp. Bhd........................ 101,800 11,869 SHL Consolidated Bhd................................ 693,700 579,815 # SP Setia Bhd Group.................................. 3,665,366 3,555,239 # Star Publications Malaysia Bhd...................... 1,714,300 1,202,583 * Subur Tiasa Holdings Bhd............................ 38,830 21,012 # Sunway Bhd.......................................... 12,563,126 11,507,574 # Supermax Corp. Bhd.................................. 8,524,500 5,275,571 Suria Capital Holdings Bhd.......................... 824,400 516,893 Symphony Life Bhd................................... 2,082,010 479,546 Ta Ann Holdings Bhd................................. 1,892,122 1,968,452 TA Enterprise Bhd................................... 20,749,900 4,248,685 TA Global Bhd....................................... 15,532,980 1,385,848 TAHPS Group Bhd..................................... 27,000 49,742 * Talam Transform Bhd................................. 3,183,850 69,293 Taliworks Corp. Bhd................................. 130,800 78,849 TAN Chong Motor Holdings Bhd........................ 4,711,900 4,330,496 * Tanjung Offshore Bhd................................ 4,056,100 476,983 TDM Bhd............................................. 14,109,900 3,065,158 # TH Plantations Bhd.................................. 900,500 395,361 #* Time dotCom Bhd..................................... 5,476,280 8,152,709 Tiong NAM Logistics Holdings........................ 544,000 189,204 Tropicana Corp. Bhd................................. 7,288,100 2,104,224 # UEM Sunrise Bhd..................................... 9,516,645 3,317,933 Unisem M Bhd........................................ 9,014,700 5,031,619 United Malacca Bhd.................................. 960,500 1,676,248 United Plantations Bhd.............................. 393,300 2,653,918 United U-Li Corp. BHD............................... 249,800 133,248 # UOA Development Bhd................................. 5,659,000 3,274,699 VS Industry Bhd..................................... 1,781,093 1,759,501 Wah Seong Corp. Bhd................................. 5,837,943 2,083,763 # WCT Holdings Bhd.................................... 13,841,505 6,085,608 Wing Tai Malaysia Bhd............................... 1,952,900 914,538 WTK Holdings Bhd.................................... 6,575,950 2,060,014 # YNH Property Bhd.................................... 5,332,666 2,829,986 # YTL Corp. Bhd....................................... 88,664,550 43,003,651 1976 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ MALAYSIA -- (Continued) * YTL Land & Development Bhd......................... 3,544,900 $ 800,936 ------------ TOTAL MALAYSIA......................................... 673,774,644 ------------ MEXICO -- (5.9%) # Alfa S.A.B. de C.V. Class A........................ 43,462,954 79,331,960 # Alpek S.A.B. de C.V................................ 2,317,325 2,581,762 Arca Continental S.A.B. de C.V..................... 2,661,434 15,784,481 #* Axtel S.A.B. de C.V................................ 12,529,535 2,842,017 * Bio Pappel S.A.B. de C.V........................... 400,207 600,731 #* Cemex S.A.B. de C.V. Sponsored ADR................. 16,199,152 144,010,461 * Cia Minera Autlan S.A.B. de C.V. Series B.......... 1,212,118 1,229,140 Coca-Cola Femsa S.A.B. de C.V. Series L............ 185,914 1,513,160 # Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR....... 34,971 2,842,793 * Consorcio ARA S.A.B. de C.V. Series *.............. 10,446,707 4,474,323 # Controladora Comercial Mexicana S.A.B. de C.V...... 6,415,364 19,473,569 * Corp. Actinver S.A.B. de C.V....................... 105,133 112,641 #* Corp. GEO S.A.B. de C.V. Series B.................. 9,461,653 94,617 * Corp. Interamericana de Entretenimiento S.A.B. de C.V. Class B..................................... 1,560,786 1,033,443 #* Desarrolladora Homex S.A.B. de C.V................. 3,011,482 90,344 * Dine S.A.B. de C.V................................. 1,027,267 507,140 El Puerto de Liverpool S.A.B. de C.V. Series 1..... 8,486 88,107 * Empaques Ponderosa S.A. de C.V..................... 90,000 -- #* Empresas ICA S.A.B. de C.V......................... 2,228,245 2,318,998 #* Empresas ICA S.A.B. de C.V. Sponsored ADR.......... 791,670 3,269,597 Fomento Economico Mexicano S.A.B. de C.V........... 2,517,554 21,076,610 * Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR...................................... 2,578,915 215,494,137 Gruma S.A.B. de C.V. Class B....................... 2,710,579 29,023,512 Gruma S.A.B. de C.V. Sponsored ADR................. 5,603 240,313 #* Grupo Aeromexico S.A.B. de C.V..................... 1,090,021 1,627,451 Grupo Aeroportuario del Centro Norte S.A.B. de C.V............................................ 728,438 3,355,592 # Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADR........................................... 27,297 1,011,354 # Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR............................................... 603,252 40,061,965 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B........................................... 895,614 5,921,765 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR............................................... 271,607 35,556,072 Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B........................................... 1,203,482 15,784,687 # Grupo Carso S.A.B. de C.V. Series A1............... 9,720,241 42,818,474 Grupo Cementos de Chihuahua S.A.B. de C.V.......... 2,786,917 6,972,173 # Grupo Comercial Chedraui S.A. de C.V............... 1,804,871 5,009,015 Grupo Elektra S.A.B. de C.V........................ 159,712 5,918,811 #* Grupo Famsa S.A.B. de C.V. Class A................. 2,957,704 1,819,276 # Grupo Financiero Banorte S.A.B. de C.V............. 23,817,280 121,283,097 Grupo Financiero Inbursa S.A.B. de C.V............. 17,926,156 46,341,676 Grupo Financiero Interacciones S.A. de C.V......... 253,720 1,679,280 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B.......................................... 2,550,559 5,409,271 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR...................................... 1,699,969 17,985,672 Grupo Gigante S.A.B. de C.V. Series *.............. 471,076 1,297,938 # Grupo Herdez S.A.B. de C.V. Series *............... 169,421 389,941 Grupo Industrial Maseca S.A.B. de C.V. Class B..... 2,756,800 3,823,601 # Grupo Industrial Saltillo S.A.B. de C.V............ 1,342,969 2,910,909 Grupo KUO S.A.B. de C.V. Series B.................. 2,069,860 3,511,561 Grupo Mexico S.A.B. de C.V. Series B............... 20,672,654 54,503,705 * Grupo Pochteca S.A.B. de C.V....................... 67,810 58,312 * Grupo Posadas S.A.B. de C.V........................ 355,600 604,943 1977 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- -------------- MEXICO -- (Continued) * Grupo Qumma S.A. de C.V. Series B............... 5,301 $ -- # Grupo Sanborns S.A.B. de C.V.................... 645,857 988,423 * Grupo Simec S.A.B. de C.V. Series B............. 1,392,459 3,868,174 #* Grupo Sports World S.A.B. de C.V................ 193,014 333,504 Industrias Bachoco S.A.B. de C.V. ADR........... 31,410 1,534,064 # Industrias Bachoco S.A.B. de C.V. Series B...... 1,317,398 5,405,115 * Industrias CH S.A.B. de C.V. Series B........... 3,103,568 12,733,542 Industrias Penoles S.A.B. de C.V................ 39,996 797,252 Medica Sur S.A.B. de C.V. Series B.............. 1,000 3,740 # Megacable Holdings S.A.B. de C.V................ 136,044 495,184 #* Mexichem S.A.B. de C.V.......................... 2,769,273 7,705,819 * Minera Frisco S.A.B. de C.V..................... 7,355,007 9,705,596 * OHL Mexico S.A.B. de C.V........................ 8,830,554 16,760,350 # Organizacion Cultiba S.A.B. de C.V.............. 116,984 138,606 # Organizacion Soriana S.A.B. de C.V. Class B..... 14,850,161 34,407,158 Qualitas Controladora S.A.B. de C.V............. 1,652,078 3,196,255 * Rassini S.A.B. de C.V........................... 10,800 40,622 * Savia SA Class A................................ 3,457,285 -- TV Azteca S.A.B. de C.V......................... 9,459,537 3,786,465 #* Urbi Desarrollos Urbanos S.A.B. de C.V.......... 9,102,158 2,731 * Vitro S.A.B. de C.V. Series A................... 1,544,127 3,420,062 -------------- TOTAL MEXICO........................................ 1,079,013,059 -------------- PHILIPPINES -- (1.3%) A Soriano Corp.................................. 17,932,400 2,866,247 Alliance Global Group, Inc...................... 19,508,506 11,025,666 Alsons Consolidated Resources, Inc.............. 21,091,000 964,757 Atlas Consolidated Mining & Development......... 4,993,400 1,064,265 BDO Unibank, Inc................................ 11,071,205 28,733,572 Cebu Air, Inc................................... 1,359,030 2,916,580 Cebu Holdings, Inc.............................. 4,060,950 467,934 Century Properties Group, Inc................... 27,739,400 617,178 China Banking Corp.............................. 446,716 475,681 Cosco Capital, Inc.............................. 2,685,800 546,181 * East West Banking Corp.......................... 40,700 24,406 EEI Corp........................................ 316,500 78,900 * Empire East Land Holdings, Inc.................. 24,178,000 498,232 * Export & Industry Bank, Inc. Class A............ 14,950 -- Filinvest Development Corp...................... 142,800 14,523 Filinvest Land, Inc............................. 194,080,031 7,377,532 First Philippine Holdings Corp.................. 4,524,200 10,123,202 * Fwbc Holdings, Inc.............................. 5,471,786 -- JG Summit Holdings, Inc......................... 5,605,920 8,328,125 Lopez Holdings Corp............................. 33,596,500 5,659,953 LT Group, Inc................................... 7,615,500 2,350,184 Megaworld Corp.................................. 190,875,400 22,386,434 Metropolitan Bank & Trust Co.................... 8,206,052 17,677,635 * Mondragon International Philippines, Inc........ 2,464,000 -- * Pepsi-Cola Products Philippines, Inc............ 323,000 29,205 Petron Corp..................................... 9,492,400 1,959,082 * Philippine National Bank........................ 4,995,673 9,519,361 * Philippine National Construction Corp........... 398,900 8,314 Philippine Savings Bank......................... 1,232,313 2,808,114 1978 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ PHILIPPINES -- (Continued) * Philippine Townships, Inc.......................... 226,200 $ -- * Philtown Properties, Inc........................... 6,701 -- Phinma Corp........................................ 1,648,298 380,688 Phoenix Petroleum Philippines, Inc................. 507,600 41,638 Rizal Commercial Banking Corp...................... 4,764,548 5,133,944 Robinsons Land Corp................................ 29,839,550 18,781,310 San Miguel Corp.................................... 6,399,356 11,035,113 San Miguel Pure Foods Co., Inc..................... 63,140 291,681 Security Bank Corp................................. 1,566,924 5,391,173 * Top Frontier Investment Holdings, Inc.............. 628,532 1,636,829 Trans-Asia Oil & Energy Development Corp........... 26,631,000 1,407,238 Union Bank of the Philippines...................... 4,413,459 7,180,197 Universal Robina Corp.............................. 6,278,855 29,457,754 Vista Land & Lifescapes, Inc....................... 70,625,668 11,013,265 ------------ TOTAL PHILIPPINES...................................... 230,272,093 ------------ POLAND -- (1.8%) * Agora SA........................................... 582,143 1,434,797 Asseco Poland SA................................... 1,339,607 19,844,740 Bank Millennium SA................................. 4,840,198 9,770,385 Ciech SA........................................... 533,502 7,133,688 ComArch SA......................................... 2,787 79,775 Dom Development SA................................. 17,406 227,145 Enea SA............................................ 2,202,057 9,783,800 Firma Oponiarska Debica SA......................... 102,634 2,483,763 * Getin Holding SA................................... 3,221,895 1,701,585 #* Getin Noble Bank SA................................ 3,420,648 1,836,837 Grupa Azoty SA..................................... 153,630 2,937,883 Grupa Kety SA...................................... 112,990 8,377,891 #* Grupa Lotos SA..................................... 1,856,905 12,210,354 * Hawe SA............................................ 952,876 482,143 * Impexmetal SA...................................... 5,570,319 3,975,569 #* Jastrzebska Spolka Weglowa SA...................... 252,276 1,441,136 * Kernel Holding SA.................................. 260,360 2,186,644 KGHM Polska Miedz SA............................... 1,889,466 53,565,544 #* Kopex SA........................................... 555,501 1,618,261 * LC Corp. SA........................................ 1,199,107 595,487 Lentex SA.......................................... 15,056 35,099 Netia SA........................................... 4,418,815 7,129,136 # Orbis SA........................................... 538,910 6,199,591 Pelion SA.......................................... 10,134 230,428 PGE SA............................................. 13,996,805 73,340,492 * Polski Koncern Miesny Duda SA...................... 56,943 111,573 # Polski Koncern Naftowy Orlen SA.................... 5,411,285 79,841,154 Rawlplug SA........................................ 43,322 75,410 * Sygnity SA......................................... 194,766 730,523 Synthos SA......................................... 2,953,305 3,422,380 Tauron Polska Energia SA........................... 18,381,687 24,730,125 1979 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ POLAND -- (Continued) #* Trakcja SA......................................... 624,451 $ 1,556,287 ------------ TOTAL POLAND........................................... 339,089,625 ------------ RUSSIA -- (1.6%) * AFI Development P.L.C. GDR......................... 31,828 9,219 Gazprom OAO Sponsored ADR.......................... 67,242,144 269,915,883 Lukoil OAO Sponsored ADR........................... 475,571 18,699,142 Magnitogorsk Iron & Steel Works OJSC GDR........... 1,929,398 4,744,724 * Mechel Sponsored ADR............................... 427,180 555,334 RusHydro JSC ADR................................... 8,655,901 6,543,861 VTB Bank OJSC GDR.................................. 1,387,172 2,661,966 ------------ TOTAL RUSSIA........................................... 303,130,129 ------------ SOUTH AFRICA -- (7.8%) Adcorp Holdings, Ltd............................... 652,674 1,853,369 Aeci, Ltd.......................................... 1,156,888 12,381,620 # African Bank Investments, Ltd...................... 9,264,952 184,981 African Oxygen, Ltd................................ 45,466 54,524 African Rainbow Minerals, Ltd...................... 1,995,186 20,064,412 Allied Electronics Corp., Ltd...................... 563,821 852,595 * Anglo American Platinum, Ltd....................... 166,158 5,093,813 * AngloGold Ashanti, Ltd............................. 1,306,671 15,848,478 * AngloGold Ashanti, Ltd. Sponsored ADR.............. 4,786,464 59,256,424 #* ArcelorMittal South Africa, Ltd.................... 2,437,523 5,175,155 Astral Foods, Ltd.................................. 498 8,407 * Aveng, Ltd......................................... 7,927,828 12,154,219 Barclays Africa Group, Ltd......................... 6,116,376 103,980,992 Barloworld, Ltd.................................... 4,235,000 31,955,198 * Basil Read Holdings, Ltd........................... 314,332 122,116 * Bell Equipment, Ltd................................ 15,339 12,491 Blue Label Telecoms, Ltd........................... 4,802,245 3,482,780 * Brait SE........................................... 1,699,653 11,226,745 Business Connexion Group, Ltd...................... 1,823,337 961,769 Caxton and CTP Publishers and Printers, Ltd........ 3,246,716 4,260,394 Clover Industries, Ltd............................. 813,343 1,324,593 * Consolidated Infrastructure Group, Ltd............. 67,591 152,573 * Corpgro, Ltd....................................... 579,166 -- Datacentrix Holdings, Ltd.......................... 188,927 56,171 # DataTec, Ltd....................................... 3,200,263 16,109,753 Distell Group, Ltd................................. 155,945 1,922,509 Distribution and Warehousing Network, Ltd.......... 250,120 145,945 # DRDGOLD, Ltd....................................... 6,389,615 1,461,538 # DRDGOLD, Ltd. Sponsored ADR........................ 13,664 31,700 * Eqstra Holdings, Ltd............................... 2,414,077 657,447 * Evraz Highveld Steel and Vanadium, Ltd............. 124,601 34,131 # Exxaro Resources, Ltd.............................. 1,422,117 12,600,623 Gold Fields, Ltd................................... 2,309,031 13,301,922 # Gold Fields, Ltd. Sponsored ADR.................... 11,665,456 68,826,190 Grindrod, Ltd...................................... 7,808,764 12,170,409 Group Five, Ltd.................................... 1,511,640 3,421,185 * Harmony Gold Mining Co., Ltd....................... 1,648,314 4,956,895 #* Harmony Gold Mining Co., Ltd. Sponsored ADR........ 463,646 1,437,303 1980 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- -------------- SOUTH AFRICA -- (Continued) Hudaco Industries, Ltd........................... 77,731 $ 784,101 * Hulamin, Ltd..................................... 1,650,710 1,252,703 Iliad Africa, Ltd................................ 206,803 150,820 Illovo Sugar, Ltd................................ 588,224 1,215,312 * Impala Platinum Holdings, Ltd.................... 6,066,140 39,357,820 Imperial Holdings, Ltd........................... 378,957 6,675,668 Investec, Ltd.................................... 4,359,544 36,516,277 * JCI, Ltd......................................... 10,677,339 -- #* JD Group, Ltd.................................... 2,681,862 5,790,703 KAP Industrial Holdings, Ltd..................... 122,156 53,195 # Lewis Group, Ltd................................. 1,877,963 14,635,139 Liberty Holdings, Ltd............................ 1,622,285 18,238,015 Mediclinic International, Ltd.................... 163,701 1,618,677 Merafe Resources, Ltd............................ 21,718,286 1,723,732 Metair Investments, Ltd.......................... 914,331 2,546,813 MMI Holdings, Ltd................................ 18,488,764 49,686,474 Mondi, Ltd....................................... 1,809,963 32,523,465 Mpact, Ltd....................................... 2,310,436 7,058,568 Murray & Roberts Holdings, Ltd................... 5,561,234 9,382,873 Mustek, Ltd...................................... 48,438 30,655 Nedbank Group, Ltd............................... 3,692,418 80,945,442 * Northam Platinum, Ltd............................ 2,731,427 8,995,529 Omnia Holdings, Ltd.............................. 380,133 5,572,068 Peregrine Holdings, Ltd.......................... 1,700,309 3,538,379 Petmin, Ltd...................................... 1,417,358 163,984 * Pinnacle Holdings, Ltd........................... 212,221 197,471 # PSG Group, Ltd................................... 499,930 5,687,877 Raubex Group, Ltd................................ 1,386,887 2,424,368 RCL Foods, Ltd................................... 24,245 37,084 Reunert, Ltd..................................... 34,540 185,371 * Royal Bafokeng Platinum, Ltd..................... 383,469 1,766,480 Sanlam, Ltd...................................... 17,786,335 106,606,667 * Sappi, Ltd....................................... 9,066,938 37,226,915 #* Sappi, Ltd. Sponsored ADR........................ 695,410 2,837,273 Sasol, Ltd....................................... 211,463 7,638,035 # Sasol, Ltd. Sponsored ADR........................ 697,548 25,865,080 Sibanye Gold, Ltd................................ 1,155,503 3,124,358 # Sibanye Gold, Ltd. Sponsored ADR................. 2,975,376 33,145,689 Standard Bank Group, Ltd......................... 18,989,154 250,756,054 * Stefanutti Stocks Holdings, Ltd.................. 526,548 230,837 # Steinhoff International Holdings, Ltd............ 27,506,758 140,585,434 * Super Group, Ltd................................. 3,472,240 10,211,296 * Telkom SA SOC, Ltd............................... 4,862,960 29,060,750 Times Media Group, Ltd........................... 253,556 448,407 Tongaat Hulett, Ltd.............................. 804,784 11,038,267 Trencor, Ltd..................................... 1,299,859 7,844,892 Value Group, Ltd................................. 305,870 122,732 Wilson Bayly Holmes-Ovcon, Ltd................... 137,703 1,426,877 Zeder Investments, Ltd........................... 1,938,581 1,301,857 -------------- TOTAL SOUTH AFRICA................................... 1,435,767,852 -------------- SOUTH KOREA -- (14.1%) Aekyung Petrochemical Co., Ltd................... 2,970 183,061 1981 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) # Agabang&Company...................................... 22,744 $ 157,348 AK Holdings, Inc..................................... 1 52 #* Amotech Co., Ltd..................................... 28,966 460,385 # Asia Cement Co., Ltd................................. 5,440 594,113 # ASIA Holdings Co., Ltd............................... 30,848 4,020,824 Asia Paper Manufacturing Co., Ltd.................... 62,536 1,369,342 AtlasBX Co., Ltd..................................... 10,504 410,326 #* AUK Corp............................................. 617,090 971,163 * BH Co., Ltd.......................................... 4,307 34,685 Bookook Securities Co., Ltd.......................... 28,655 440,474 # BS Financial Group, Inc.............................. 2,042,369 25,815,672 BYC Co., Ltd......................................... 810 194,432 # Byucksan Corp........................................ 10,100 58,546 CammSys Corp......................................... 13,509 23,426 #* Capro Corp........................................... 79,730 245,605 #* Celltrion Pharm, Inc................................. 10,662 112,582 Chemtronics Co., Ltd................................. 2,389 24,267 #* China Great Star International, Ltd.................. 466,589 1,251,553 #* China Ocean Resources Co., Ltd....................... 1,088,323 4,765,345 Chokwang Paint, Ltd.................................. 4,194 51,736 Chosun Refractories Co., Ltd......................... 9,716 967,103 CJ Corp.............................................. 47,402 7,442,417 * CJ E&M Corp.......................................... 1,964 68,026 #* CJ Korea Express Co., Ltd............................ 66,687 11,679,164 CKD Bio Corp......................................... 20,570 431,066 #* Cosmochemical Co., Ltd............................... 115,498 512,058 # Dae Dong Industrial Co., Ltd......................... 145,130 1,370,563 Dae Han Flour Mills Co., Ltd......................... 14,630 2,215,302 # Dae Won Kang Up Co., Ltd............................. 245,096 1,396,267 #* Dae Young Packaging Co., Ltd......................... 1,121,470 1,014,381 # Dae-Il Corp.......................................... 128,871 549,597 #* Daechang Co., Ltd.................................... 526,706 411,113 Daeduck Electronics Co............................... 107,940 914,541 Daeduck GDS Co., Ltd................................. 281,480 3,239,710 Daegu Department Store............................... 71,060 1,012,965 # Daehan Steel Co., Ltd................................ 188,726 943,214 Daekyo Co., Ltd...................................... 521,770 3,309,464 # Daelim Industrial Co., Ltd........................... 355,955 17,759,962 # Daesang Holdings Co., Ltd............................ 55,690 883,584 # Daesung Holdings Co., Ltd............................ 42,463 372,392 #* Daewoo Engineering & Construction Co., Ltd........... 994,082 6,139,456 * Daewoo Securities Co., Ltd........................... 2,049,224 18,785,438 # Daewoo Shipbuilding & Marine Engineering Co., Ltd.... 1,092,168 19,257,598 Daewoong Co., Ltd.................................... 3,244 128,416 * Dahaam E-Tec Co., Ltd................................ 3,535 10,910 # Daishin Securities Co., Ltd.......................... 611,785 5,113,269 # Daou Data Corp....................................... 138,807 1,408,953 # Daou Technology, Inc................................. 396,164 5,275,511 #* Dasan Networks, Inc.................................. 193,542 1,287,255 # DGB Financial Group, Inc............................. 1,686,932 16,177,899 Dong Ah Tire & Rubber Co., Ltd....................... 87,245 1,503,752 #* Dong Yang Gang Chul Co., Ltd......................... 252,195 976,295 Dong-Ah Geological Engineering Co., Ltd.............. 45,500 309,967 1982 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) Dong-Il Corp........................................ 19,095 $ 1,255,762 # Dongbang Transport Logistics Co., Ltd............... 244,640 459,719 #* Dongbu HiTek Co., Ltd............................... 334,072 1,527,668 * Dongbu Securities Co., Ltd.......................... 408,521 1,490,555 #* Dongbu Steel Co., Ltd............................... 334,901 484,822 # Dongil Industries Co., Ltd.......................... 18,961 1,144,276 #* Dongkook Industrial Co., Ltd........................ 298,412 703,809 Dongkuk Industries Co., Ltd......................... 39,123 126,117 # Dongkuk Steel Mill Co., Ltd......................... 991,515 5,046,104 # Dongkuk Structure & Construction Co., Ltd........... 172,769 508,588 # Dongwha Pharm Co., Ltd.............................. 298,830 1,625,804 Dongwon F&B Co., Ltd................................ 4,988 1,494,357 * Dongwoo Co., Ltd.................................... 19,336 64,943 Dongyang E&P, Inc................................... 29,698 351,386 # Doosan Corp......................................... 123,828 11,713,500 #* Doosan Engine Co., Ltd.............................. 112,890 807,884 #* Doosan Engineering & Construction Co., Ltd.......... 36,428 301,542 # Doosan Heavy Industries & Construction Co., Ltd..... 504,593 10,705,873 #* Doosan Infracore Co., Ltd........................... 1,383,405 12,808,521 # DRB Holding Co., Ltd................................ 231,017 2,535,145 DY Corp............................................. 144,520 878,523 * DY POWER Corp....................................... 77,375 767,664 # e-LITECOM Co., Ltd.................................. 64,046 874,477 E-Mart Co., Ltd..................................... 70,927 13,457,736 # Eagon Industries Co., Ltd........................... 18,903 268,887 ENF Technology Co., Ltd............................. 2,393 17,932 # Eugene Corp......................................... 552,081 1,796,319 #* Eugene Investment & Securities Co., Ltd............. 1,182,833 2,243,825 * Eusu Holdings Co., Ltd.............................. 65,810 661,951 EVERDIGM Corp....................................... 19,016 121,163 #* Flexcom, Inc........................................ 29,124 131,400 Fursys, Inc......................................... 29,072 816,739 # Gaon Cable Co., Ltd................................. 24,715 563,582 Global & Yuasa Battery Co., Ltd..................... 47,621 1,762,503 Global Display Co., Ltd............................. 29,236 169,551 #* GNCO Co., Ltd....................................... 357,625 380,901 Green Cross Holdings Corp........................... 11,115 221,868 #* GS Engineering & Construction Corp.................. 659,307 14,985,995 # GS Global Corp...................................... 51,757 369,238 # GS Holdings Corp.................................... 684,329 25,897,518 # GS retail Co., Ltd.................................. 3,605 85,710 # Gwangju Shinsegae Co., Ltd.......................... 5,985 1,709,889 #* Halla Corp.......................................... 81,250 460,518 # Halla Holdings Corp................................. 19,806 1,140,404 Han Kuk Carbon Co., Ltd............................. 19,931 102,326 # Hana Financial Group, Inc........................... 3,613,816 105,634,479 Handok, Inc......................................... 12,706 245,125 # Handsome Co., Ltd................................... 214,790 6,025,312 Hanil Cement Co., Ltd............................... 52,145 7,850,622 #* Hanjin Heavy Industries & Construction Co., Ltd..... 571,915 2,027,996 # Hanjin Heavy Industries & Construction Holdings Co., Ltd........................................... 203,068 1,268,297 #* Hanjin Kal Corp..................................... 138,504 4,101,995 #* Hanjin Shipping Co., Ltd............................ 161,920 878,806 1983 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) # Hanjin Transportation Co., Ltd...................... 140,220 $ 8,119,125 * Hankuk Glass Industries, Inc........................ 17,640 400,806 Hankuk Paper Manufacturing Co., Ltd................. 33,223 934,889 # Hansol Holdings Co., Ltd............................ 401,896 2,898,661 #* Hansol HomeDeco Co., Ltd............................ 321,490 429,274 * Hansol Paper Co., Ltd............................... 245,348 4,386,014 # Hanwha Chemical Corp................................ 1,184,522 13,253,052 Hanwha Corp......................................... 719,592 17,952,764 # Hanwha Galleria Timeworld Co., Ltd.................. 11,463 696,955 * Hanwha General Insurance Co., Ltd................... 24,840 95,110 * Hanwha Investment & Securities Co., Ltd............. 633,215 2,294,682 # Hanwha Life Insurance Co., Ltd...................... 2,085,852 14,796,381 Hanyang Eng Co., Ltd................................ 35,004 238,948 Hanyang Securities Co., Ltd......................... 92,428 624,672 # Heung-A Shipping Co., Ltd........................... 1,020,674 2,600,463 # Hitejinro Holdings Co., Ltd......................... 116,051 1,222,202 * HMC Investment Securities Co., Ltd.................. 259,785 2,426,573 # HS R&A Co., Ltd..................................... 46,106 1,260,240 Humax Co., Ltd...................................... 182,163 2,719,349 # Husteel Co., Ltd.................................... 59,490 948,778 # Huvis Corp.......................................... 21,080 219,860 Hwa Shin Co., Ltd................................... 70,028 443,893 # Hwacheon Machine Tool Co., Ltd...................... 14,227 844,530 HwaSung Industrial Co., Ltd......................... 22,931 285,171 # Hyosung Corp........................................ 392,954 25,930,742 #* Hyundai BNG Steel Co., Ltd.......................... 140,250 1,874,742 Hyundai Department Store Co., Ltd................... 39,455 4,277,725 Hyundai Development Co.............................. 648,686 25,375,494 Hyundai Engineering & Construction Co., Ltd......... 161,520 6,392,079 # Hyundai Heavy Industries Co., Ltd................... 400,311 41,020,614 Hyundai Hy Communications & Networks Co., Ltd....... 235,366 932,465 # Hyundai Mipo Dockyard Co., Ltd...................... 77,140 5,413,598 Hyundai Motor Co.................................... 810,052 124,491,972 #* Hyundai Securities Co., Ltd......................... 1,423,193 9,695,623 # Hyundai Steel Co.................................... 1,080,925 64,851,628 #* Hyunjin Materials Co., Ltd.......................... 45,603 145,061 # Il Dong Pharmaceutical Co., Ltd..................... 133,130 2,037,191 # Iljin Electric Co., Ltd............................. 285,940 2,338,840 # Ilshin Spinning Co., Ltd............................ 16,453 2,525,086 # Ilsung Pharmaceuticals Co., Ltd..................... 9,407 963,623 Industrial Bank of Korea............................ 2,385,570 28,024,020 * InnoWireless, Inc................................... 1,805 21,865 Intelligent Digital Integrated Securities Co., Ltd.. 3,114 38,284 #* Interflex Co., Ltd.................................. 59,269 1,024,200 Intergis Co., Ltd................................... 24,590 165,325 INTOPS Co., Ltd..................................... 76,807 1,290,601 Inzi Controls Co., Ltd.............................. 89,540 413,402 # INZI Display Co., Ltd............................... 244,705 406,779 #* IS Dongseo Co., Ltd................................. 76,265 4,074,476 # ISU Chemical Co., Ltd............................... 92,524 732,407 # IsuPetasys Co., Ltd................................. 71,858 367,084 Jahwa Electronics Co., Ltd.......................... 31,585 429,569 # JB Financial Group Co., Ltd......................... 1,152,400 6,120,093 1984 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) # Jeil Pharmaceutical Co.............................. 47,381 $ 916,063 # JW Pharmaceutical Corp.............................. 87,616 1,124,736 # KB Capital Co., Ltd................................. 93,191 1,755,663 # KB Financial Group, Inc............................. 2,136,879 71,784,656 * KB Financial Group, Inc. ADR........................ 3,107,140 104,865,975 # KC Tech Co., Ltd.................................... 277,116 1,943,910 # KCC Corp............................................ 52,120 26,223,666 #* Keangnam Enterprises, Ltd........................... 131,000 536,994 * KEC Corp............................................ 44,448 49,996 # Keyang Electric Machinery Co., Ltd.................. 393,920 1,473,341 # KG Chemical Corp.................................... 57,540 882,376 Kia Motors Corp..................................... 286,336 11,966,574 # KISCO Corp.......................................... 54,884 1,596,866 # KISCO Holdings Co., Ltd............................. 11,673 502,260 # Kishin Corp......................................... 109,475 711,099 # KISWIRE, Ltd........................................ 89,682 3,313,228 # Kolon Corp.......................................... 87,886 1,814,512 #* Kolon Global Corp................................... 21,575 158,277 # Kolon Industries, Inc............................... 225,549 9,567,010 # Kook Soon Dang Brewery Co., Ltd..................... 117,957 644,794 Korea Airport Service Co., Ltd...................... 238 8,937 * Korea Alcohol Industrial Co., Ltd................... 28,767 123,767 # Korea Cast Iron Pipe Industries Co., Ltd............ 7,358 36,470 # Korea Circuit Co., Ltd.............................. 146,339 1,689,432 Korea Electric Terminal Co., Ltd.................... 80,522 4,753,270 # Korea Export Packaging Industrial Co., Ltd.......... 5,290 110,812 # Korea Flange Co., Ltd............................... 66,724 985,716 Korea Investment Holdings Co., Ltd.................. 519,442 24,479,173 Korea Petrochemical Ind Co., Ltd.................... 45,171 3,372,627 # Korean Reinsurance Co............................... 655,050 6,091,984 Kortek Corp......................................... 3,923 41,785 KPF................................................. 3,109 10,967 KPX Chemical Co., Ltd............................... 12,852 654,095 #* KTB Investment & Securities Co., Ltd................ 630,604 1,069,608 # Kukdo Chemical Co., Ltd............................. 53,490 2,274,889 # Kumho Electric Co., Ltd............................. 44,161 896,794 # Kunsul Chemical Industrial Co., Ltd................. 34,025 1,697,049 #* Kwangju Bank........................................ 287,166 2,338,871 #* Kyeryong Construction Industrial Co., Ltd........... 38,242 368,876 * Kyobo Securities Co., Ltd........................... 211,890 1,886,717 #* Kyongnam Bank....................................... 438,847 4,352,079 # Kyung-In Synthetic Corp............................. 27,261 116,819 Kyungbang, Ltd...................................... 10,940 1,670,069 * LB Semicon, Inc..................................... 66,800 100,628 # LF Corp............................................. 85,555 2,451,591 LG Corp............................................. 1,052,153 59,212,770 # LG Display Co., Ltd................................. 1,420,066 46,660,687 #* LG Display Co., Ltd. ADR............................ 3,996,524 64,703,724 # LG Electronics, Inc................................. 1,776,548 98,422,038 # LG International Corp............................... 237,695 7,941,271 LG Uplus Corp....................................... 1,971,692 21,737,090 LIG Insurance Co., Ltd.............................. 66,444 1,392,731 # Lotte Chemical Corp................................. 162,183 25,589,054 1985 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) # Lotte Chilsung Beverage Co., Ltd.................... 9,828 $ 14,892,361 # Lotte Confectionery Co., Ltd........................ 9,240 15,746,344 # LOTTE Himart Co., Ltd............................... 7,683 378,407 * Lotte Non-Life Insurance Co., Ltd................... 82,563 201,875 # Lotte Shopping Co., Ltd............................. 157,401 34,063,705 # LS Corp............................................. 44,493 1,950,282 MegaStudy Co., Ltd.................................. 6,751 367,159 * Melfas, Inc......................................... 118,811 562,890 # Meritz Financial Group, Inc......................... 77,813 688,899 Meritz Securities Co., Ltd.......................... 1,650,862 5,778,994 Mi Chang Oil Industrial Co., Ltd.................... 4,691 304,130 Mirae Asset Securities Co., Ltd..................... 411,153 17,302,416 # MK Electron Co., Ltd................................ 127,552 676,127 * MNTech Co., Ltd..................................... 41,254 213,839 Moorim P&P Co., Ltd................................. 406,838 1,451,783 # Moorim Paper Co., Ltd............................... 210,130 431,569 # Motonic Corp........................................ 75,294 939,983 # Namyang Dairy Products Co., Ltd..................... 2,910 1,920,833 #* NEOWIZ HOLDINGS Corp................................ 69,796 926,781 #* NEPES Corp.......................................... 18,806 162,037 Nexen Corp.......................................... 17,164 1,382,473 #* NK Co., Ltd......................................... 217,496 845,695 # Nong Shim Holdings Co., Ltd......................... 25,921 2,546,222 # NongShim Co., Ltd................................... 38,707 8,175,292 NOROO Paint & Coatings Co., Ltd..................... 11,400 102,485 # NPC................................................. 134,561 687,601 #* OCI Co., Ltd........................................ 74,131 5,255,686 #* OPTRON-TEC, Inc..................................... 7,768 45,157 #* Osung LST Co., Ltd.................................. 36,975 22,384 #* Paik Kwang Industrial Co., Ltd...................... 128,617 277,082 #* Pan Ocean Co., Ltd.................................. 47,845 112,672 Pang Rim Co., Ltd................................... 2,452 50,395 #* PaperCorea, Inc..................................... 261,826 173,644 Poongsan Corp....................................... 397,200 8,212,308 # Poongsan Holdings Corp.............................. 55,898 1,979,543 POSCO............................................... 644,929 149,813,880 POSCO ADR........................................... 1,589,142 92,535,739 * POSCO Coated & Color Steel Co., Ltd................. 3,820 47,470 * Power Logics Co., Ltd............................... 8,791 33,543 # Pyeong Hwa Automotive Co., Ltd...................... 33,801 521,111 # RFTech Co., Ltd..................................... 9,316 75,934 * S&C Engine Group, Ltd............................... 39,610 85,385 # S&T Dynamics Co., Ltd............................... 380,544 3,485,070 S&T Holdings Co., Ltd............................... 90,519 1,625,038 S&T Motiv Co., Ltd.................................. 124,000 5,005,970 # S-Energy Co., Ltd................................... 31,635 225,406 # S-MAC Co., Ltd...................................... 102,613 428,709 # S-Oil Corp.......................................... 36,698 2,018,650 * Sajo Industries Co., Ltd............................ 28,966 1,182,220 Sam Young Electronics Co., Ltd...................... 159,570 1,746,656 # SAMHWA Paints Industrial Co., Ltd................... 2,030 27,625 # Samick Musical Instruments Co., Ltd................. 732,490 2,882,490 # Samsung C&T Corp.................................... 1,386,322 70,245,194 1986 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) # Samsung Electro-Mechanics Co., Ltd.................. 67,855 $ 4,129,728 # Samsung Fine Chemicals Co., Ltd..................... 5,006 155,757 # Samsung Heavy Industries Co., Ltd................... 276,672 4,479,204 # Samsung SDI Co., Ltd................................ 422,727 49,328,326 Samsung Securities Co., Ltd......................... 86,604 3,736,687 # Samsung Techwin Co., Ltd............................ 65,754 1,370,849 # Samyang Genex Co., Ltd.............................. 11,337 1,109,356 Samyang Holdings Corp............................... 86,744 7,460,263 Samyang Tongsang Co., Ltd........................... 4,599 448,587 #* Samyoung Chemical Co., Ltd.......................... 258,455 355,592 Savezone I&C Corp................................... 40,137 224,561 # SBS Media Holdings Co., Ltd......................... 159,380 651,321 Seah Besteel Corp................................... 210,316 6,117,034 SeAH Holdings Corp.................................. 13,089 1,751,718 # SeAH Steel Corp..................................... 44,576 3,110,642 # Sebang Co., Ltd..................................... 138,126 2,411,834 Sejong Industrial Co., Ltd.......................... 146,295 1,802,866 # Sempio Foods Co..................................... 3,110 93,982 #* Seohee Construction Co., Ltd........................ 2,008,971 1,426,219 #* Seowon Co., Ltd..................................... 86,070 92,208 Sewon Precision Industry Co., Ltd................... 2,175 51,724 #* SG Corp............................................. 1,865,628 1,126,967 # Shin Poong Pharmaceutical Co., Ltd.................. 141,786 536,913 Shinhan Financial Group Co., Ltd.................... 4,549,232 185,737,892 * Shinhan Financial Group Co., Ltd. ADR............... 1,583,811 63,114,868 Shinsegae Co., Ltd.................................. 75,077 11,008,981 Shinsegae Information & Communication Co., Ltd...... 6,307 608,307 #* Shinsung Solar Energy Co., Ltd...................... 765,627 890,821 #* Shinsung Tongsang Co., Ltd.......................... 1,244,597 1,626,273 * Shinwha Intertek Corp............................... 28,924 79,515 * Shinwon Corp........................................ 82,700 139,513 Shinyoung Securities Co., Ltd....................... 35,820 1,836,796 #* Signetics Corp...................................... 483,773 754,494 Silla Co., Ltd...................................... 64,953 1,273,734 #* Simm Tech Co., Ltd.................................. 10,189 97,860 SIMPAC, Inc......................................... 11,538 59,393 # Sindoh Co., Ltd..................................... 43,098 2,817,525 SJM Co., Ltd........................................ 11,075 68,959 * SK Broadband Co., Ltd............................... 86,418 334,461 # SK Chemicals Co., Ltd............................... 197,961 11,008,809 # SK Gas, Ltd......................................... 54,727 4,298,632 SK Holdings Co., Ltd................................ 494,231 77,056,048 # SK Innovation Co., Ltd.............................. 690,901 58,670,895 * SK Networks Co., Ltd................................ 1,531,162 13,115,986 #* SK Securities Co., Ltd.............................. 2,774,700 2,367,976 SKC Co., Ltd........................................ 153,098 4,204,305 SL Corp............................................. 165,623 2,672,145 * Solborn, Inc........................................ 5,346 22,284 # Songwon Industrial Co., Ltd......................... 230,947 1,823,276 * Ssangyong Cement Industrial Co., Ltd................ 289,296 3,957,805 #* STS Semiconductor & Telecommunications.............. 217,222 823,508 #* STX Engine Co., Ltd................................. 293,680 176,736 Sun Kwang Co., Ltd.................................. 20,098 355,884 1987 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- -------------- SOUTH KOREA -- (Continued) Sunchang Corp.................................... 2,276 $ 17,017 # Sung Kwang Bend Co., Ltd......................... 66,824 805,556 #* Sungchang Enterprise Holdings, Ltd............... 20,048 387,577 #* Sungshin Cement Co., Ltd......................... 237,806 2,937,214 Sungwoo Hitech Co., Ltd.......................... 325,347 3,588,672 #* Synopex, Inc..................................... 130,699 224,044 # Tae Kyung Industrial Co., Ltd.................... 120,772 638,863 Taekwang Industrial Co., Ltd..................... 4,937 5,080,354 #* Taewoong Co., Ltd................................ 59,912 817,192 * Taeyoung Engineering & Construction Co., Ltd..... 574,534 2,543,601 # Tailim Packaging Industrial Co., Ltd............. 424,907 887,344 #* TK Chemical Corp................................. 554,448 914,615 * Tong Kook Corp................................... 607 -- # Tong Yang Moolsan Co., Ltd....................... 72,180 517,026 Tongyang Life Insurance.......................... 413,534 4,150,565 * Top Engineering Co., Ltd......................... 49,113 196,053 # TS Corp.......................................... 78,247 1,785,972 # Ubiquoss, Inc.................................... 30,085 265,903 Uju Electronics Co., Ltd......................... 38,144 533,826 # Unid Co., Ltd.................................... 49,107 2,628,623 # WillBes & Co. (The).............................. 688,308 856,168 Wiscom Co., Ltd.................................. 32,980 162,982 #* Woongjin Energy Co., Ltd......................... 592,024 851,040 * Woongjin Thinkbig Co., Ltd....................... 201,877 1,388,028 # Wooree ETI Co., Ltd.............................. 74,334 133,114 * Woori Bank....................................... 3,784,490 30,453,102 * Woori Bank Sponsored ADR......................... 7,135 168,743 Woori Investment & Securities Co., Ltd........... 1,679,074 16,907,856 # WooSung Feed Co., Ltd............................ 284,940 819,536 YESCO Co., Ltd................................... 30,550 939,489 # Yoosung Enterprise Co., Ltd...................... 153,585 712,425 # Youlchon Chemical Co., Ltd....................... 159,540 1,571,794 # Young Poong Corp................................. 4,609 5,972,805 * Young Poong Mining & Construction Corp........... 18,030 -- # Young Poong Precision Corp....................... 122,224 1,094,567 Youngone Holdings Co., Ltd....................... 1,686 138,137 #* Yuanta Securities Korea.......................... 298,286 1,078,661 YuHwa Securities Co., Ltd........................ 28,274 386,753 * Zinus, Inc....................................... 1,866 8,531 -------------- TOTAL SOUTH KOREA.................................... 2,594,024,447 -------------- SPAIN -- (0.3%) Banco Santander SA............................... 2,152,421 14,639,590 # Banco Santander SA Sponsored ADR................. 7,154,631 47,864,480 -------------- TOTAL SPAIN.......................................... 62,504,070 -------------- TAIWAN -- (15.4%) Ability Enterprise Co., Ltd...................... 3,942,000 2,340,092 # Accton Technology Corp........................... 8,825,156 4,349,318 #* Acer, Inc........................................ 42,657,109 27,675,259 ACES Electronic Co., Ltd......................... 1,261,000 1,658,878 # ACHEM Technology Corp............................ 3,422,318 2,030,579 1988 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Acter Co., Ltd...................................... 4,000 $ 10,114 * Action Electronics Co., Ltd......................... 2,355,084 503,714 #* Advanced Connectek, Inc............................. 1,938,000 748,255 Advanced International Multitech Co., Ltd........... 256,000 199,825 #* Advanced Wireless Semiconductor Co.................. 145,000 215,420 #* AGV Products Corp................................... 7,525,701 1,895,040 # AimCore Technology Co., Ltd......................... 841,797 730,019 # Alcor Micro Corp.................................... 542,000 457,983 # Allis Electric Co., Ltd............................. 1,250,000 368,879 # Alpha Networks, Inc................................. 5,949,237 3,294,664 # Altek Corp.......................................... 4,392,365 5,175,921 Ambassador Hotel (The).............................. 1,179,000 1,051,006 # AMPOC Far-East Co., Ltd............................. 1,772,000 1,629,648 # AmTRAN Technology Co., Ltd.......................... 12,827,956 7,282,664 APCB, Inc........................................... 2,454,000 1,850,420 Apex Science & Engineering.......................... 203,400 77,699 # Arcadyan Technology Corp............................ 1,627,675 2,198,502 Ardentec Corp....................................... 4,910,080 4,170,044 * Arima Communications Corp........................... 86,000 35,010 # Asia Cement Corp.................................... 25,106,589 30,268,986 #* Asia Optical Co., Inc............................... 4,215,290 5,671,694 # Asia Plastic Recycling Holding, Ltd................. 563,000 659,861 # Asia Polymer Corp................................... 4,756,478 3,508,867 # Asia Vital Components Co., Ltd...................... 5,003,984 3,800,815 Asustek Computer, Inc............................... 730,000 7,629,676 # AU Optronics Corp................................... 57,378,812 31,196,252 # AU Optronics Corp. Sponsored ADR.................... 9,342,184 52,316,230 Audix Corp.......................................... 1,451,332 2,021,186 Avermedia Technologies.............................. 2,557,000 884,988 #* Avision, Inc........................................ 1,540,555 456,072 # AVY Precision Technology, Inc....................... 352,000 821,027 Bank of Kaohsiung Co., Ltd.......................... 6,258,211 1,788,143 # BES Engineering Corp................................ 25,179,443 6,025,642 Biostar Microtech International Corp................ 2,636,055 951,366 Bright Led Electronics Corp......................... 1,832,000 847,865 # C Sun Manufacturing, Ltd............................ 2,535,837 1,826,102 Cameo Communications, Inc........................... 2,551,197 591,699 Capital Securities Corp............................. 27,539,447 8,980,338 # Career Technology MFG. Co., Ltd..................... 1,872,000 1,976,515 Carnival Industrial Corp............................ 5,119,000 1,278,365 # Cathay Chemical Works............................... 959,000 519,034 # Cathay Real Estate Development Co., Ltd............. 14,314,421 7,610,666 Celxpert Energy Corp................................ 262,000 198,524 # Central Reinsurance Co., Ltd........................ 2,562,016 1,343,297 # ChainQui Construction Development Co., Ltd.......... 1,382,173 1,014,164 Champion Building Materials Co., Ltd................ 6,381,828 1,910,346 # Chang Hwa Commercial Bank, Ltd...................... 80,745,745 45,561,562 # Chang Wah Electromaterials, Inc..................... 23,000 53,451 # Channel Well Technology Co., Ltd.................... 2,024,000 1,292,356 # Charoen Pokphand Enterprise......................... 3,207,750 2,781,201 # Chen Full International Co., Ltd.................... 827,000 913,658 # Cheng Loong Corp.................................... 13,917,659 5,644,855 # Cheng Uei Precision Industry Co., Ltd............... 6,647,635 11,726,425 1989 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) # Chia Chang Co., Ltd................................ 1,589,000 $ 1,557,685 # Chia Hsin Cement Corp.............................. 7,374,191 3,246,044 # Chien Kuo Construction Co., Ltd.................... 4,979,247 1,801,567 Chilisin Electronics Corp.......................... 1,515,452 2,030,052 Chimei Materials Technology Corp................... 172,000 173,697 # Chin-Poon Industrial Co., Ltd...................... 6,084,815 10,308,528 * China Airlines, Ltd................................ 46,539,353 23,548,642 # China Chemical & Pharmaceutical Co., Ltd........... 4,286,264 2,769,078 China Development Financial Holding Corp........... 181,811,734 59,704,848 * China Electric Manufacturing Corp.................. 4,016,200 1,356,197 # China General Plastics Corp........................ 6,832,030 3,245,935 # China Glaze Co., Ltd............................... 2,312,363 1,037,906 China Life Insurance Co., Ltd...................... 17,601,958 14,753,742 #* China Man-Made Fiber Corp.......................... 13,834,813 5,005,940 China Metal Products............................... 4,051,969 4,100,791 China Motor Corp................................... 11,464,749 9,838,254 #* China Petrochemical Development Corp............... 30,268,397 11,312,728 # China Steel Corp................................... 10,710,320 9,073,683 China Steel Structure Co., Ltd..................... 1,435,219 1,249,342 # China Synthetic Rubber Corp........................ 8,076,711 8,227,527 * China United Trust & Investment Corp............... 493,999 -- #* China Wire & Cable Co., Ltd........................ 2,900,000 1,072,576 # Chinese Maritime Transport, Ltd.................... 1,551,000 1,653,307 # Chipbond Technology Corp........................... 642,000 1,312,273 # Chun YU Works & Co., Ltd........................... 3,273,000 1,502,304 # Chun Yuan Steel.................................... 6,454,287 2,355,058 Chung Hsin Electric & Machinery Manufacturing Corp.............................................. 5,843,250 3,738,729 * Chung Hung Steel Corp.............................. 13,465,046 3,085,742 #* Chung Hwa Pulp Corp................................ 6,701,011 1,863,322 * Chung Shing Textile Co., Ltd....................... 600 -- * Chunghwa Picture Tubes, Ltd........................ 55,899,412 2,823,829 # Clevo Co........................................... 307,000 464,549 #* CMC Magnetics Corp................................. 52,168,830 7,329,612 * CoAsia Microelectronics Corp....................... 428,350 218,728 # Collins Co., Ltd................................... 2,467,224 1,109,568 # Compal Electronics, Inc............................ 71,122,332 51,863,332 # Compeq Manufacturing Co., Ltd...................... 20,781,000 11,847,107 * Compex International Co., Ltd...................... 46,400 -- #* Concord Securities Corp............................ 1,603,000 410,549 # Continental Holdings Corp.......................... 7,782,540 2,809,267 # Coretronic Corp.................................... 8,152,250 11,503,847 # Coxon Precise Industrial Co., Ltd.................. 2,028,000 4,239,580 # Creative Sensor, Inc............................... 359,000 276,910 * Crystalwise Technology, Inc........................ 16,000 12,332 # CSBC Corp. Taiwan.................................. 6,245,654 3,274,097 # CTBC Financial Holding Co., Ltd.................... 93,669,136 59,419,454 # D-Link Corp........................................ 11,514,717 6,453,801 # DA CIN Construction Co., Ltd....................... 2,422,579 1,533,227 # Darfon Electronics Corp............................ 6,128,950 3,443,516 #* Darwin Precisions Corp............................. 6,186,635 2,909,637 * Delpha Construction Co., Ltd....................... 3,277,016 1,650,487 * Der Pao Construction Co., Ltd...................... 1,139,000 -- # DFI, Inc........................................... 404,280 464,600 1990 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ TAIWAN -- (Continued) * Dynamic Electronics Co., Ltd...................... 4,558,324 $ 2,074,291 #* E Ink Holdings, Inc............................... 7,644,000 3,432,344 #* E-Ton Solar Tech Co., Ltd......................... 3,730,443 1,858,238 E.Sun Financial Holding Co., Ltd.................. 85,388,657 52,528,614 * Eastern Media International Corp.................. 1 -- # Edimax Technology Co., Ltd........................ 3,295,902 1,314,690 # Edison Opto Corp.................................. 1,325,000 1,046,606 # Edom Technology Co., Ltd.......................... 243,580 208,863 # Elite Material Co., Ltd........................... 4,332,905 5,837,532 Elitegroup Computer Systems Co., Ltd.............. 6,358,395 5,485,336 * Emerging Display Technologies Corp................ 45,000 11,978 # ENG Electric Co., Ltd............................. 1,185,000 727,873 # EnTie Commercial Bank Co., Ltd.................... 2,271,232 1,062,246 * Entire Technology Co., Ltd........................ 31,000 21,883 * Episil Holdings, Inc.............................. 2,006,500 967,731 # Epistar Corp...................................... 16,021,869 28,384,051 # Eternal Materials Co., Ltd........................ 1,678,900 1,649,395 #* Etron Technology, Inc............................. 768,000 466,515 * Eva Airways Corp.................................. 7,531,999 5,809,418 * Ever Fortune Industrial Co., Ltd.................. 409,000 -- # Everest Textile Co., Ltd.......................... 3,936,002 1,881,038 Evergreen International Storage & Transport Corp.. 9,778,000 5,684,323 * Evergreen Marine Corp. Taiwan, Ltd................ 23,360,998 16,644,652 Excelsior Medical Co., Ltd........................ 1,431,200 2,299,932 # Far Eastern Department Stores, Ltd................ 7,117,445 6,072,521 # Far Eastern International Bank.................... 28,354,052 9,486,147 Far Eastern New Century Corp...................... 3,586,440 3,609,629 * Farglory F T Z Investment Holding Co., Ltd........ 1,314,000 851,994 # Farglory Land Development Co., Ltd................ 1,389,264 1,622,563 # Federal Corp...................................... 7,536,979 4,456,061 Feng Hsin Iron & Steel Co......................... 175,000 214,042 First Copper Technology Co., Ltd.................. 3,499,750 1,081,850 # First Financial Holding Co., Ltd.................. 124,645,630 72,613,271 # First Hotel....................................... 1,387,585 885,614 # First Insurance Co, Ltd. (The).................... 4,017,064 1,998,396 #* First Steamship Co., Ltd.......................... 5,504,173 3,038,350 Formosa Advanced Technologies Co., Ltd............ 2,107,000 1,438,533 Formosa Chemicals & Fibre Corp.................... 198,000 423,691 # Formosa Oilseed Processing Co., Ltd............... 834,977 527,850 Formosa Taffeta Co., Ltd.......................... 10,729,511 10,834,495 Formosan Rubber Group, Inc........................ 8,194,000 8,361,574 # Formosan Union Chemical........................... 2,853,034 1,101,307 Fortune Electric Co., Ltd......................... 436,000 212,872 Founding Construction & Development Co., Ltd...... 3,247,097 2,088,904 Foxconn Technology Co., Ltd....................... 3,345,900 9,059,511 # Foxlink Image Technology Co., Ltd................. 1,582,000 971,063 #* Froch Enterprise Co., Ltd......................... 2,542,000 1,108,360 # FSP Technology, Inc............................... 2,483,283 1,999,192 Fubon Financial Holding Co., Ltd.................. 90,414,471 143,269,726 # Fullerton Technology Co., Ltd..................... 1,663,200 1,361,391 # Fulltech Fiber Glass Corp......................... 5,082,690 1,913,712 # Fwusow Industry Co., Ltd.......................... 2,776,995 1,304,585 # G Shank Enterprise Co., Ltd....................... 2,168,902 1,787,087 1991 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) #* G Tech Optoelectronics Corp......................... 476,000 $ 433,577 Gallant Precision Machining Co., Ltd................ 658,000 248,991 # Gemtek Technology Corp.............................. 6,366,962 4,640,812 #* Genesis Photonics, Inc.............................. 3,811,810 1,891,553 #* Genius Electronic Optical Co., Ltd.................. 860,000 2,980,536 Getac Technology Corp............................... 8,342,065 5,065,061 #* Giantplus Technology Co., Ltd....................... 2,198,100 836,865 # Giga Solution Tech Co., Ltd......................... 1,216,000 795,648 # Gigabyte Technology Co., Ltd........................ 9,308,287 11,441,739 #* Gigastorage Corp.................................... 3,936,600 3,178,420 #* Gintech Energy Corp................................. 7,056,942 4,763,215 #* Global Brands Manufacture, Ltd...................... 5,083,951 1,728,546 Global Lighting Technologies, Inc................... 1,001,000 1,437,518 * Globalwafers Co., Ltd............................... 363,585 1,061,444 Globe Union Industrial Corp......................... 2,999,625 1,465,939 # Gloria Material Technology Corp..................... 6,256,150 4,412,300 #* Gold Circuit Electronics, Ltd....................... 8,144,965 5,675,122 #* Goldsun Development & Construction Co., Ltd......... 23,939,261 8,168,788 Good Will Instrument Co., Ltd....................... 501,358 345,546 # Grand Pacific Petrochemical......................... 17,166,000 9,387,117 Great China Metal Industry.......................... 884,000 864,338 # Great Wall Enterprise Co., Ltd...................... 7,920,597 6,993,391 #* Green Energy Technology, Inc........................ 4,747,880 2,751,859 * GTM Holdings Corp................................... 2,132,000 1,335,943 * Hannstar Board Corp................................. 5,082,635 2,572,101 # HannStar Display Corp............................... 55,492,435 13,661,511 * HannsTouch Solution, Inc............................ 1,163,000 276,366 # Harvatek Corp....................................... 3,454,459 1,969,643 * Helix Technology, Inc............................... 29,585 -- # Hey Song Corp....................................... 2,933,500 3,535,365 * HiTi Digital, Inc................................... 128,000 65,823 # Hitron Technology, Inc.............................. 3,677,525 1,870,200 #* Ho Tung Chemical Corp............................... 14,069,004 4,786,307 # Hocheng Corp........................................ 4,577,300 1,476,597 * Hold-Key Electric Wire & Cable Co., Ltd............. 118,124 35,058 Holy Stone Enterprise Co., Ltd...................... 3,208,650 4,318,841 Hong TAI Electric Industrial........................ 3,503,000 1,174,143 # Horizon Securities Co., Ltd......................... 5,996,000 1,720,808 # Hsin Kuang Steel Co., Ltd........................... 4,316,124 2,415,152 Hsing TA Cement Co.................................. 2,071,980 897,444 #* HTC Corp............................................ 1,703,000 8,442,818 HUA ENG Wire & Cable................................ 7,339,035 2,319,502 Hua Nan Financial Holdings Co., Ltd................. 53,408,002 29,689,095 * Hualon Corp......................................... 257,040 -- # Huang Hsiang Construction Corp...................... 86,000 123,583 Hung Ching Development & Construction Co., Ltd...... 1,987,468 1,284,744 Hung Poo Real Estate Development Corp............... 3,643,655 2,717,273 Hung Sheng Construction, Ltd........................ 6,308,892 3,875,528 Huxen Corp.......................................... 429,281 597,411 # Hwacom Systems, Inc................................. 333,000 175,562 # I-Chiun Precision Industry Co., Ltd................. 3,240,000 1,945,257 # Ichia Technologies, Inc............................. 831,260 878,877 Ideal Bike Corp..................................... 80,271 39,000 1992 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ TAIWAN -- (Continued) Infortrend Technology, Inc........................ 1,042,000 $ 590,010 # Innolux Corp...................................... 139,949,544 67,422,533 # Inpaq Technology Co., Ltd......................... 261,000 316,647 Inventec Corp..................................... 29,516,277 21,800,730 # ITE Technology, Inc............................... 1,923,479 2,279,867 ITEQ Corp......................................... 208,000 171,595 #* J Touch Corp...................................... 445,100 270,319 # Jess-Link Products Co., Ltd....................... 1,313,000 1,388,761 Jih Sun Financial Holdings Co., Ltd............... 5,693,133 1,500,586 # K Laser Technology, Inc........................... 2,211,601 1,148,657 Kang Na Hsiung Enterprise Co., Ltd................ 1,687,078 727,991 # Kaulin Manufacturing Co., Ltd..................... 2,570,656 1,875,155 # KEE TAI Properties Co., Ltd....................... 1,327,000 820,141 # Kenmec Mechanical Engineering Co., Ltd............ 1,624,000 772,584 Kindom Construction Corp.......................... 4,462,000 3,967,301 # King Yuan Electronics Co., Ltd.................... 20,284,805 16,946,021 King's Town Bank Co., Ltd......................... 11,939,012 12,600,124 * King's Town Construction Co., Ltd................. 90,000 75,848 # Kinko Optical Co., Ltd............................ 1,464,000 1,102,446 #* Kinpo Electronics................................. 19,097,375 8,922,384 KS Terminals, Inc................................. 745,880 942,044 # Kung Sing Engineering Corp........................ 3,301,000 1,255,770 Kuoyang Construction Co., Ltd..................... 7,664,840 3,306,150 Kwong Fong Industries Corp........................ 3,131,720 1,776,468 # KYE Systems Corp.................................. 4,187,376 1,573,128 # L&K Engineering Co., Ltd.......................... 2,019,000 1,569,706 LAN FA Textile.................................... 3,158,713 971,698 # LCY Chemical Corp................................. 797,000 417,762 # Leader Electronics, Inc........................... 2,094,056 775,035 * Lealea Enterprise Co., Ltd........................ 13,389,941 3,988,808 Ledtech Electronics Corp.......................... 660,000 334,166 # LEE CHI Enterprises Co., Ltd...................... 3,466,900 1,646,418 # Lelon Electronics Corp............................ 315,200 389,132 #* Leofoo Development Co............................. 5,249,774 1,916,246 * LES Enphants Co., Ltd............................. 877,000 471,780 # Lextar Electronics Corp........................... 4,894,000 4,646,768 #* Li Peng Enterprise Co., Ltd....................... 10,180,173 3,728,873 Lien Hwa Industrial Corp.......................... 8,262,990 5,415,986 # Lingsen Precision Industries, Ltd................. 6,583,480 3,236,568 # Lite-On Semiconductor Corp........................ 3,366,729 2,389,695 Lite-On Technology Corp........................... 30,876,265 38,055,631 Long Chen Paper Co., Ltd.......................... 9,059,098 3,950,695 # Longwell Co....................................... 1,537,000 1,688,429 # Lotes Co., Ltd.................................... 701,000 3,060,015 # Lucky Cement Corp................................. 3,294,000 1,056,604 #* Macronix International............................ 71,352,913 15,453,963 # Marketech International Corp...................... 1,948,000 1,522,252 # Masterlink Securities Corp........................ 16,836,644 5,483,460 Mayer Steel Pipe Corp............................. 2,501,456 1,148,921 # Maywufa Co., Ltd.................................. 252,070 118,340 Mega Financial Holding Co., Ltd................... 132,452,915 101,067,289 * Megamedia Corp.................................... 782 -- Meiloon Industrial Co............................. 1,319,084 566,093 1993 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Mercuries & Associates Holding, Ltd................. 1,524,937 $ 992,831 #* Mercuries Life Insurance Co., Ltd................... 1,466,206 800,305 # Micro-Star International Co., Ltd................... 14,030,985 15,630,138 #* Microelectronics Technology, Inc.................... 689,826 305,055 # Mirle Automation Corp............................... 565,550 515,232 # Mitac Holdings Corp................................. 8,909,725 6,765,239 * Mosel Vitelic, Inc.................................. 3,746,506 835,885 # Motech Industries, Inc.............................. 2,452,000 3,280,450 # Nan Ren Lake Leisure Amusement Co., Ltd............. 1,652,000 673,559 #* Nan Ya Printed Circuit Board Corp................... 3,900,000 5,479,556 Nantex Industry Co., Ltd............................ 2,492,716 1,294,276 # Neo Solar Power Corp................................ 2,719,774 2,342,678 New Asia Construction & Development Corp............ 1,810,304 493,297 # New Era Electronics Co., Ltd........................ 203,000 222,698 # Newmax Technology Co., Ltd.......................... 242,000 294,806 Nien Hsing Textile Co., Ltd......................... 4,491,721 3,680,909 # Nishoku Technology, Inc............................. 268,000 394,654 #* O-TA Precision Industry Co., Ltd.................... 24,000 12,773 * Ocean Plastics Co., Ltd............................. 161,000 173,874 * Optimax Technology Corp............................. 1,085,597 485,191 # OptoTech Corp....................................... 9,532,000 4,013,440 Oriental Union Chemical Corp........................ 54,000 49,233 Pacific Construction Co............................. 2,529,452 1,044,276 * Pan Jit International, Inc.......................... 6,047,837 2,703,590 # Pan-International Industrial Corp................... 4,695,444 2,765,226 # Paragon Technologies Co., Ltd....................... 1,037,191 1,643,197 # Pegatron Corp....................................... 27,193,998 72,311,010 # Phihong Technology Co., Ltd......................... 3,860,320 2,118,051 # Pixart Imaging, Inc................................. 48,000 134,368 #* Plotech Co., Ltd.................................... 760,282 327,138 # Portwell, Inc....................................... 915,000 1,675,202 * Potrans Electrical Corp............................. 1,139,000 -- Pou Chen Corp....................................... 24,985,550 34,217,649 * Powercom Co., Ltd................................... 769,500 113,095 * Powertech Industrial Co., Ltd....................... 193,000 130,245 # Powertech Technology, Inc........................... 12,247,000 20,260,972 President Securities Corp........................... 12,690,992 6,475,624 # Prime Electronics Satellitics, Inc.................. 524,000 226,926 # Prince Housing & Development Corp................... 4,426,018 1,690,092 * Prodisc Technology, Inc............................. 6,185,157 -- #* Qisda Corp.......................................... 27,863,171 12,534,583 Qualipoly Chemical Corp............................. 143,000 110,663 # Quanta Storage, Inc................................. 2,413,000 2,708,291 #* Quintain Steel Co., Ltd............................. 5,893,629 1,137,107 # Radium Life Tech Co., Ltd........................... 9,283,455 4,803,833 # Ralec Electronic Corp............................... 526,087 964,221 # Rich Development Co., Ltd........................... 6,959,054 2,943,784 #* Ritek Corp.......................................... 46,015,622 5,407,587 # Rotam Global Agrosciences, Ltd...................... 134,693 217,492 # Ruentex Development Co., Ltd........................ 1,226,000 1,840,519 Ruentex Industries, Ltd............................. 1,422,000 3,082,662 * Sainfoin Technology Corp............................ 835,498 -- # Sampo Corp.......................................... 9,863,925 3,985,275 1994 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) * Sanyang Motor Co., Ltd............................. 1,878,624 $ 1,639,686 SDI Corp........................................... 346,000 450,863 # Sesoda Corp........................................ 1,100,768 1,357,442 Shan-Loong Transportation Co., Ltd................. 66,000 50,682 Sheng Yu Steel Co., Ltd............................ 1,935,000 1,238,794 # ShenMao Technology, Inc............................ 1,267,000 1,325,105 # Shih Her Technologies, Inc......................... 411,000 748,150 Shih Wei Navigation Co., Ltd....................... 2,811,718 1,616,779 # Shihlin Electric & Engineering Corp................ 4,470,000 5,620,962 # Shin Kong Financial Holding Co., Ltd............... 137,501,146 38,331,097 Shin Zu Shing Co., Ltd............................. 1,123,000 2,501,278 # Shinkong Insurance Co., Ltd........................ 3,610,412 2,846,931 Shinkong Synthetic Fibers Corp..................... 27,670,754 9,473,889 # Shuttle, Inc....................................... 4,646,015 1,284,584 Sigurd Microelectronics Corp....................... 6,663,047 6,344,209 #* Silicon Integrated Systems Corp.................... 5,741,165 1,609,077 # Silitech Technology Corp........................... 1,157,803 816,216 Sincere Navigation Corp............................ 4,946,740 4,053,015 Singatron Enterprise Co., Ltd...................... 63,000 28,649 # Sinkang Industries Co., Ltd........................ 699,557 243,418 # Sino-American Silicon Products, Inc................ 7,775,000 12,187,219 # Sinon Corp......................................... 6,282,877 3,376,939 # SinoPac Financial Holdings Co., Ltd................ 132,040,317 53,736,213 # Siward Crystal Technology Co., Ltd................. 2,520,875 1,784,738 # Solar Applied Materials Technology Co.............. 1,852,000 1,540,042 #* Solartech Energy Corp.............................. 4,202,165 2,504,253 Solomon Technology Corp............................ 1,254,590 750,759 #* Solytech Enterprise Corp........................... 3,043,000 861,017 Southeast Cement Co., Ltd.......................... 3,365,700 1,753,231 # Spirox Corp........................................ 631,661 387,341 Stark Technology, Inc.............................. 2,259,200 2,121,057 # Sunonwealth Electric Machine Industry Co., Ltd..... 1,202,421 775,702 #* Sunplus Technology Co., Ltd........................ 8,214,620 3,292,964 # Sunrex Technology Corp............................. 1,840,000 1,169,041 # Supreme Electronics Co., Ltd....................... 4,154,260 2,111,543 # Sweeten Construction Co., Ltd...................... 1,296,256 755,208 Sysage Technology Co., Ltd......................... 96,950 108,931 # Systex Corp........................................ 801,801 1,459,381 # T-Mac Techvest PCB Co., Ltd........................ 1,603,000 873,460 # TA Chen Stainless Pipe............................. 8,527,281 5,678,749 #* Ta Chong Bank, Ltd................................. 31,010,870 10,388,666 Ta Chong Securities Co., Ltd....................... 260,000 96,569 Ta Ya Electric Wire & Cable........................ 6,888,329 1,411,920 # TA-I Technology Co., Ltd........................... 2,110,084 1,162,187 Tah Hsin Industrial Corp........................... 1,477,900 1,339,804 TAI Roun Products Co., Ltd......................... 63,000 20,840 # Taichung Commercial Bank Co., Ltd.................. 31,222,991 10,303,972 # Tainan Enterprises Co., Ltd........................ 1,803,183 1,574,697 # Tainan Spinning Co., Ltd........................... 18,021,996 9,745,538 # Taishin Financial Holding Co., Ltd................. 136,730,491 56,061,259 #* Taisun Enterprise Co., Ltd......................... 1,776,410 668,755 #* Taita Chemical Co., Ltd............................ 2,270,864 680,221 * Taiwan Business Bank............................... 57,911,410 16,809,960 1995 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Taiwan Calsonic Co., Ltd............................ 48,000 $ 34,650 Taiwan Cement Corp.................................. 45,114,440 60,909,600 # Taiwan Cogeneration Corp............................ 2,943,333 2,305,369 # Taiwan Cooperative Financial Holding Co., Ltd....... 89,573,241 46,196,798 # Taiwan Fertilizer Co., Ltd.......................... 3,793,000 6,608,310 Taiwan Fire & Marine Insurance Co., Ltd............. 1,235,000 881,289 * Taiwan Flourescent Lamp Co., Ltd.................... 756,000 -- # Taiwan FU Hsing Industrial Co., Ltd................. 2,128,000 2,360,125 Taiwan Glass Industry Corp.......................... 9,574,710 6,958,644 # Taiwan Hon Chuan Enterprise Co., Ltd................ 110,000 200,118 # Taiwan Hopax Chemicals Manufacturing Co., Ltd....... 1,508,000 964,444 * Taiwan Kolin Co., Ltd............................... 5,797,000 -- # Taiwan Land Development Corp........................ 12,641,235 4,578,929 #* Taiwan Life Insurance Co., Ltd...................... 886,419 606,145 Taiwan Line Tek Electronic.......................... 76,640 58,561 # Taiwan Mask Corp.................................... 3,154,250 1,002,392 Taiwan Navigation Co., Ltd.......................... 1,428,000 946,503 # Taiwan PCB Techvest Co., Ltd........................ 3,609,946 5,782,140 #* Taiwan Prosperity Chemical Corp..................... 974,000 743,627 #* Taiwan Pulp & Paper Corp............................ 7,065,660 2,510,890 # Taiwan Sakura Corp.................................. 2,890,472 1,993,245 Taiwan Semiconductor Co., Ltd....................... 2,380,000 2,466,391 Taiwan Styrene Monomer.............................. 4,652,647 1,949,475 Taiwan Surface Mounting Technology Co., Ltd......... 2,680,944 3,480,274 # Taiwan TEA Corp..................................... 11,811,092 6,602,899 # Taiwan Union Technology Corp........................ 3,462,000 3,124,566 Taiyen Biotech Co., Ltd............................. 2,363,217 1,842,235 #* Tatung Co., Ltd..................................... 37,430,342 10,462,182 # Te Chang Construction Co., Ltd...................... 90,300 78,577 Teco Electric and Machinery Co., Ltd................ 31,716,725 29,607,939 * Tecom Co., Ltd...................................... 121,753 11,367 * Tekcore Co., Ltd.................................... 399,000 130,065 Test-Rite International Co., Ltd.................... 737,266 488,091 # Tex-Ray Industrial Co., Ltd......................... 444,000 180,783 # ThaiLin Semiconductor Corp.......................... 1,139,000 902,923 # Thinking Electronic Industrial Co., Ltd............. 1,293,000 1,874,194 Ton Yi Industrial Corp.............................. 2,150,600 1,382,360 Tong Yang Industry Co., Ltd......................... 5,888,228 6,927,960 # Tong-Tai Machine & Tool Co., Ltd.................... 3,432,792 3,471,639 Topco Scientific Co., Ltd........................... 719,589 1,299,272 # Topoint Technology Co., Ltd......................... 2,564,288 2,262,136 # TPK Holding Co., Ltd................................ 1,344,000 8,707,162 Transasia Airways Corp.............................. 940,000 412,566 # Tripod Technology Corp.............................. 1,780,000 3,854,046 Tsann Kuen Enterprise Co., Ltd...................... 58,000 59,034 # Tung Ho Steel Enterprise Corp....................... 12,887,274 9,605,165 # Tung Ho Textile Co., Ltd............................ 2,454,000 633,782 # TXC Corp............................................ 337,000 407,278 * TYC Brother Industrial Co., Ltd..................... 2,570,723 1,824,860 #* Tycoons Group Enterprise............................ 7,958,938 1,506,850 * Tyntek Corp.(6136222)............................... 1,755,936 714,173 * Tyntek Corp.()...................................... 238,162 10,580 TZE Shin International Co., Ltd..................... 113,591 42,357 1996 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ TAIWAN -- (Continued) #* U-Tech Media Corp................................. 1,946,799 $ 428,514 Unic Technology Corp.............................. 36,361 13,603 # Unimicron Technology Corp......................... 23,447,363 16,057,578 #* Union Bank Of Taiwan.............................. 12,347,526 4,106,056 # Unitech Computer Co., Ltd......................... 1,682,739 956,758 # Unitech Printed Circuit Board Corp................ 10,230,281 4,483,128 United Integrated Services Co., Ltd............... 1,651,000 1,605,533 # United Microelectronics Corp...................... 213,043,681 103,164,852 Unity Opto Technology Co., Ltd.................... 98,000 90,738 Universal Cement Corp............................. 6,247,642 5,338,541 # Unizyx Holding Corp............................... 6,393,000 3,462,055 # UPC Technology Corp............................... 12,783,746 4,753,490 # USI Corp.......................................... 6,761,691 3,809,252 # Ve Wong Corp...................................... 1,616,806 1,206,312 Viking Tech Corp.................................. 86,000 63,585 #* Wafer Works Corp.................................. 5,693,418 2,546,188 Wah Hong Industrial Corp.......................... 395,516 429,586 # Wah Lee Industrial Corp........................... 2,011,000 3,427,023 #* Walsin Lihwa Corp................................. 52,029,412 16,059,968 #* Walsin Technology Corp............................ 10,131,230 3,931,228 # Walton Advanced Engineering, Inc.................. 5,170,853 2,275,120 Wan Hai Lines, Ltd................................ 8,992,000 9,536,701 WAN HWA Enterprise Co............................. 179,038 84,717 # Waterland Financial Holdings Co., Ltd............. 31,195,094 8,276,242 #* Ways Technical Corp., Ltd......................... 70,000 65,252 #* Wei Mon Industry Co., Ltd......................... 4,108,691 1,185,196 # Weikeng Industrial Co., Ltd....................... 1,884,550 1,401,128 # Well Shin Technology Co., Ltd..................... 1,070,080 1,631,550 #* Wha Yu Industrial Co., Ltd........................ 365,000 149,687 Win Semiconductors Corp........................... 6,652,000 6,987,742 #* Winbond Electronics Corp.......................... 52,385,885 16,425,446 * Wintek Corp....................................... 20,783,484 1,206,904 # Wisdom Marine Lines Co., Ltd...................... 1,607,326 1,889,751 # Wistron Corp...................................... 38,341,608 34,955,647 # WPG Holdings, Ltd................................. 515,092 639,532 # WT Microelectronics Co., Ltd.(6290991)............ 4,892,900 7,143,489 * WT Microelectronics Co., Ltd.()................... 579,787 150,864 # WUS Printed Circuit Co., Ltd...................... 5,181,928 2,452,064 # Yageo Corp........................................ 7,801,574 13,972,062 * Yang Ming Marine Transport Corp................... 21,813,676 11,746,499 # YC Co., Ltd....................................... 6,163,104 3,091,021 # YC INOX Co., Ltd.................................. 4,719,667 3,616,995 # YeaShin International Development Co., Ltd........ 286,830 163,195 # YFY, Inc.......................................... 19,386,847 7,990,713 # Yi Jinn Industrial Co., Ltd....................... 3,841,936 973,035 # Yieh Phui Enterprise Co., Ltd..................... 17,378,199 5,041,531 #* Young Fast Optoelectronics Co., Ltd............... 2,266,000 1,630,758 # Youngtek Electronics Corp......................... 754,116 1,501,301 Yuanta Financial Holding Co., Ltd................. 137,814,770 66,113,519 # Yulon Motor Co., Ltd.............................. 13,441,572 19,629,677 Yung Chi Paint & Varnish Manufacturing Co., Ltd... 243,687 648,806 # Zenitron Corp..................................... 3,226,000 1,755,912 # Zig Sheng Industrial Co., Ltd..................... 8,536,352 2,436,734 1997 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- -------------- TAIWAN -- (Continued) Zinwell Corp.................................... 2,087,000 $ 2,093,477 ZongTai Real Estate Development Co., Ltd........ 152,000 87,400 -------------- TOTAL TAIWAN........................................ 2,837,717,791 -------------- THAILAND -- (2.7%) AAPICO Hitech PCL............................... 681,760 297,866 * AJ Plast PCL.................................... 2,031,400 564,795 AP Thailand PCL................................. 25,172,730 4,922,257 Asia Plus Group Holdings Securities............. 8,446,100 1,135,437 Bangchak Petroleum PCL (The).................... 9,102,300 9,525,016 Bangkok Bank PCL(6077019)....................... 925,000 5,426,214 Bangkok Bank PCL(6368360)....................... 4,149,200 24,149,789 Bangkok Expressway PCL.......................... 5,726,100 6,823,034 Bangkok Insurance PCL........................... 212,828 2,373,426 Bangkokland PCL................................. 46,240,200 2,486,488 Banpu PCL....................................... 16,525,100 12,268,864 Cal-Comp Electronics Thailand PCL............... 28,423,136 3,213,126 Charoong Thai Wire & Cable PCL.................. 1,255,800 464,258 Delta Electronics Thailand PCL.................. 2,235,000 5,070,234 Eastern Water Resources Development and Management PCL................................. 4,778,300 1,605,906 * Esso Thailand PCL............................... 20,659,500 3,250,731 * G J Steel PCL................................... 537,140,250 984,675 * G Steel PCL..................................... 31,003,000 123,141 Hana Microelectronics PCL....................... 5,180,100 6,370,273 ICC International PCL........................... 2,670,100 3,222,394 Indorama Ventures PCL........................... 2,390,800 1,592,406 IRPC PCL........................................ 119,187,700 12,454,077 Kang Yong Electric PCL.......................... 6,600 53,437 KGI Securities Thailand PCL..................... 19,837,300 2,315,261 Khon Kaen Sugar Industry PCL.................... 257,100 102,903 Kiatnakin Bank PCL.............................. 5,785,100 7,158,465 Krung Thai Bank PCL............................. 61,213,400 42,454,756 Laguna Resorts & Hotels PCL..................... 1,022,500 921,593 Lanna Resources PCL............................. 846,100 302,456 LH Financial Group PCL.......................... 16,439,351 994,498 MBK PCL......................................... 160,700 72,175 MCOT PCL........................................ 419,000 202,267 Nation Multimedia Group PCL..................... 3,462,900 189,386 * Polyplex Thailand PCL........................... 2,762,900 894,798 Precious Shipping PCL........................... 6,783,300 2,901,503 * Property Perfect PCL............................ 8,365,700 324,609 PTT Exploration & Production PCL................ 4,861,600 16,190,480 PTT Global Chemical PCL......................... 26,172,541 45,180,219 PTT PCL......................................... 16,045,800 169,625,628 Quality Houses PCL.............................. 8,812,541 1,055,459 * Regional Container Lines PCL.................... 1,362,300 395,412 Saha Pathana Inter-Holding PCL.................. 2,801,300 2,079,792 Saha Pathanapibul PCL........................... 1,594,833 1,997,805 Saha-Union PCL.................................. 2,963,700 3,757,823 * Sahaviriya Steel Industries PCL................. 103,899,940 857,103 Sansiri PCL..................................... 91,921,866 5,083,366 SC Asset Corp PCL............................... 25,551,325 2,857,252 Siam Future Development PCL..................... 5,753,122 1,186,482 1998 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ THAILAND -- (Continued) Siamgas & Petrochemicals PCL...................... 3,710,400 $ 1,315,021 Somboon Advance Technology PCL.................... 2,801,200 1,531,973 Sri Ayudhya Capital PCL........................... 85,100 96,852 Sri Trang Agro-Industry PCL....................... 8,229,100 3,419,363 Srithai Superware PCL............................. 16,979,100 1,400,659 * Tata Steel Thailand PCL........................... 48,610,300 1,203,005 * Thai Airways International PCL.................... 17,012,811 7,952,826 * Thai Carbon Black PCL............................. 441,000 357,058 Thai Oil PCL...................................... 12,089,000 18,929,461 Thai Rayon PCL.................................... 58,700 46,630 Thai Stanley Electric PCL(B01GKK6)................ 174,600 1,093,584 Thai Stanley Electric PCL(B01GKM8)................ 43,100 269,951 Thai Wacoal PCL................................... 85,000 131,149 Thanachart Capital PCL............................ 10,803,400 10,975,040 Thitikorn PCL..................................... 962,200 323,379 * Thoresen Thai Agencies PCL........................ 10,463,770 5,498,834 Tipco Asphalt PCL................................. 295,800 738,822 Tisco Financial Group PCL......................... 2,168,500 3,080,820 TMB Bank PCL...................................... 64,367,600 6,096,534 Total Access Communication PCL.................... 2,754,780 7,911,681 TPI Polene PCL.................................... 155,294,240 11,482,189 Vanachai Group PCL................................ 10,240,920 2,550,061 Vinythai PCL...................................... 6,688,917 2,084,539 ------------ TOTAL THAILAND........................................ 505,968,766 ------------ TURKEY -- (2.3%) # Adana Cimento Sanayii TAS Class A................. 1,072,051 2,827,561 #* Adese Alisveris Merkezleri Ticaret A.S............ 152,622 554,262 Akbank TAS........................................ 14,433,710 52,582,773 #* Akenerji Elektrik Uretim A.S...................... 3,844,893 1,924,532 # Akfen Holding A.S................................. 839,567 1,723,624 Aksa Akrilik Kimya Sanayii A.S.................... 1,735,088 6,725,461 Aksigorta A.S..................................... 877,125 902,042 # Alarko Holding A.S................................ 1,562,507 2,731,330 Albaraka Turk Katilim Bankasi A.S................. 3,760,873 2,650,831 * Anadolu Anonim Turk Sigorta Sirketi............... 4,326,842 2,489,085 # Anadolu Cam Sanayii A.S........................... 2,650,582 2,170,990 * Anadolu Efes Biracilik Ve Malt Sanayii A.S........ 66,950 587,413 * Asya Katilim Bankasi A.S.......................... 8,975,815 2,278,554 # Aygaz A.S......................................... 1,020,159 4,323,439 # Baticim Bati Anadolu Cimento Sanayii A.S.......... 429,757 1,315,580 * Bolu Cimento Sanayii A.S.......................... 753,805 1,892,716 # Borusan Mannesmann Boru Sanayi ve Ticaret A.S..... 888,582 2,594,103 * Boyner Perakende Ve Tekstil Yatirimlari AS........ 40,468 786,219 Cimsa Cimento Sanayi VE Ticaret A.S............... 44,379 312,778 #* Deva Holding A.S.................................. 393,139 401,940 #* Dogan Sirketler Grubu Holding A.S................. 16,834,393 5,071,699 # Eczacibasi Yatirim Holding Ortakligi A.S.......... 231,982 807,705 EGE Seramik Sanayi ve Ticaret A.S................. 1,418,706 2,455,965 EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S................ 1,771,651 2,244,741 Eregli Demir ve Celik Fabrikalari TAS............. 24,473,976 43,875,306 Gentas Genel Metal Sanayi ve Ticaret A.S.......... 1,056,519 710,297 * Global Yatirim Holding A.S........................ 3,790,568 2,580,983 1999 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- --------------- TURKEY -- (Continued) # Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S............................................. 46,460 $ 1,439,380 #* GSD Holding..................................... 4,585,286 2,838,649 * Gunes Sigorta................................... 63,783 63,621 #* Hurriyet Gazetecilik A.S........................ 3,737,714 1,261,385 * Ihlas EV Aletleri............................... -- -- #* Ihlas Holding A.S............................... 12,700,332 1,449,778 #* Ipek Dogal Enerji Kaynaklari Ve Uretim A.S...... 1,771,050 1,146,426 Is Finansal Kiralama A.S........................ 2,631,887 1,105,404 Is Yatirim Menkul Degerler A.S. Class A......... 481,784 247,773 #* Izmir Demir Celik Sanayi A.S.................... 412,878 455,903 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A.................................... 1,700,143 1,648,347 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D.................................... 1 1 #* Karsan Otomotiv Sanayii Ve Ticaret A.S.......... 1,409,780 969,936 KOC Holding A.S................................. 10,028,018 51,997,905 #* Koza Anadolu Metal Madencilik Isletmeleri A.S... 1,412,866 978,049 #* Menderes Tekstil Sanayi ve Ticaret A.S.......... 1,017,777 323,315 #* Metro Ticari ve Mali Yatirimlar Holding A.S..... 4,462,291 1,147,792 # Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S..................................... 352,545 589,225 #* Parsan Makina Parcalari......................... 35,451 76,514 Pinar Entegre Et ve Un Sanayi A.S............... 343,247 1,356,177 Pinar SUT Mamulleri Sanayii A.S................. 79,239 712,146 * Raks Elektronik Sanayi ve Ticaret A.S........... 5,859 -- * Sabah Yayincilik................................ 31,938 -- Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S............................................. 1,345,000 1,701,755 * Sasa Polyester Sanayi A.S....................... 2,315,248 1,972,771 #* Sekerbank TAS................................... 7,744,813 5,961,362 Selcuk Ecza Deposu Ticaret ve Sanayi A.S........ 2,387,936 2,179,681 # Soda Sanayii A.S................................ 2,302,976 4,908,750 #* Tekfen Holding A.S.............................. 1,964,030 4,599,492 #* Tekstil Bankasi A.S............................. 1,683,023 1,284,367 Trakya Cam Sanayii A.S.......................... 5,412,569 7,940,521 * Turcas Petrol A.S............................... -- -- #* Turk Hava Yollari............................... 10,883,064 41,534,226 Turkiye Is Bankasi.............................. 20,150,574 58,411,886 Turkiye Sinai Kalkinma Bankasi A.S.............. 9,303,273 7,728,996 Turkiye Sise ve Cam Fabrikalari A.S............. 10,604,709 16,553,767 Turkiye Vakiflar Bankasi Tao.................... 9,463,634 21,985,689 Vestel Beyaz Esya Sanayi ve Ticaret A.S......... 348,043 1,427,325 #* Vestel Elektronik Sanayi ve Ticaret A.S......... 1,948,645 4,768,637 # Yapi ve Kredi Bankasi A.S....................... 8,878,932 18,355,119 #* Zorlu Enerji Elektrik Uretim A.S................ 1,130,962 1,031,489 --------------- TOTAL TURKEY........................................ 421,675,488 --------------- TOTAL COMMON STOCKS................................. 16,632,006,923 --------------- PREFERRED STOCKS -- (2.5%) BRAZIL -- (2.4%) Alpargatas SA................................... 27,700 87,890 Banco ABC Brasil SA............................. 1,128,732 4,766,305 Banco Alfa de Investimento SA................... 5,926 15,252 Banco Daycoval SA............................... 645,148 2,014,987 Banco do Estado do Rio Grande do Sul SA Class B........................................ 1,057,568 4,828,373 * Banco Industrial e Comercial SA................. 1,675,900 3,403,952 2000 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- --------------- BRAZIL -- (Continued) * Banco Pan SA................................. 1,995,292 $ 1,280,616 Banco Pine SA................................ 436,030 596,378 Banco Sofisa SA.............................. 589,900 531,516 Braskem SA Class A........................... 1,804,544 8,375,809 Cia Ferro Ligas da Bahia - Ferbasa........... 906,134 2,455,080 * Eucatex SA Industria e Comercio.............. 353,288 407,851 * Forjas Taurus SA............................. 14,680 18,972 Gerdau SA.................................... 2,337,599 7,953,539 Grazziotin SA................................ 2,400 14,425 Parana Banco SA.............................. 120,800 432,192 Petroleo Brasileiro SA....................... 18,238,804 55,514,460 Petroleo Brasileiro SA Sponsored ADR......... 21,196,251 130,356,944 Randon Participacoes SA...................... 679,461 1,013,250 Suzano Papel e Celulose SA Class A........... 5,848,009 23,787,964 Unipar Carbocloro SA Class B................. 925,874 1,533,068 * Usinas Siderurgicas de Minas Gerais SA Class A..................................... 6,661,726 8,317,072 Vale SA...................................... 21,366,452 132,460,082 # Vale SA Sponsored ADR........................ 8,858,474 55,454,047 --------------- TOTAL BRAZIL....................................... 445,620,024 --------------- COLOMBIA -- (0.1%) Grupo de Inversiones Suramericana SA......... 857,076 12,223,870 --------------- TOTAL PREFERRED STOCKS............................. 457,843,894 --------------- RIGHTS/WARRANTS -- (0.0%) CHINA -- (0.0%) * Golden Meditech Holdings, Ltd. Warrants 07/30/15.................................... 154,136 1,392 --------------- HONG KONG -- (0.0%) * HKC Holdings, Ltd. Warrants 10/15/15......... 1 -- --------------- INDONESIA -- (0.0%) * Pabrik Kertas Tjiwi Kimia Tbk PT Warrants 07/11/17.................................... 82,000 1,010 --------------- MALAYSIA -- (0.0%) * CB Industrial Product Holdings Bhd Warrants 12/31/15.................................... 178,635 25,111 #* Eastern & Oriental Bhd....................... 2,713,403 -- * Goldis Bhd 02/06/15.......................... 2,420,621 3,336 * Insas Bhd.................................... 160,660 9,299 * Mah Sing Group Bhd........................... 2,330,891 289,113 --------------- TOTAL MALAYSIA..................................... 326,859 --------------- THAILAND -- (0.0%) * Sansiri PCL Warrants 11/24/17................ 3,128,291 31,541 --------------- TOTAL RIGHTS/WARRANTS.............................. 360,802 --------------- SECURITIES LENDING COLLATERAL -- (7.1%) (S)@ DFA Short Term Investment Fund............... 113,130,280 1,308,917,340 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $19,120,011,093)^^........................ $18,399,128,959 =============== 2001 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED Summary of the Fund's investments as of January 31, 2015, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Brazil............... $ 329,570,216 $ 421,459,199 -- $ 751,029,415 Chile................ 95,527,146 173,483,751 -- 269,010,897 China................ 222,080,338 2,574,844,416 -- 2,796,924,754 Colombia............. 21,028,003 -- -- 21,028,003 Czech Republic....... -- 38,941,232 -- 38,941,232 Greece............... 203,848 13,696,318 -- 13,900,166 Hungary.............. -- 59,226,301 -- 59,226,301 India................ 233,806,203 1,451,668,512 -- 1,685,474,715 Indonesia............ 8,488,346 505,042,540 -- 513,530,886 Israel............... -- 2,590 -- 2,590 Malaysia............. -- 673,774,644 -- 673,774,644 Mexico............... 1,078,220,424 792,635 -- 1,079,013,059 Philippines.......... -- 230,272,093 -- 230,272,093 Poland............... -- 339,089,625 -- 339,089,625 Russia............... 7,099,195 296,030,934 -- 303,130,129 South Africa......... 191,399,659 1,244,368,193 -- 1,435,767,852 South Korea.......... 361,657,780 2,232,366,667 -- 2,594,024,447 Spain................ 62,504,070 -- -- 62,504,070 Taiwan............... 53,377,674 2,784,340,117 -- 2,837,717,791 Thailand............. 505,968,766 -- -- 505,968,766 Turkey............... -- 421,675,488 -- 421,675,488 Preferred Stocks Brazil............... 201,015,665 244,604,359 -- 445,620,024 Colombia............. 12,223,870 -- -- 12,223,870 Rights/Warrants China................ -- 1,392 -- 1,392 Hong Kong............ -- -- -- -- Indonesia............ -- 1,010 -- 1,010 Malaysia............. -- 326,859 -- 326,859 Thailand............. -- 31,541 -- 31,541 Securities Lending Collateral.... -- 1,308,917,340 -- 1,308,917,340 -------------- --------------- -- --------------- TOTAL................... $3,384,171,203 $15,014,957,756 -- $18,399,128,959 ============== =============== == =============== 2002 ORGANIZATION Dimensional Emerging Markets Value Fund (the "Fund") is an open-end management investment company registered under the Investment Company Act of 1940. The Fund's advisor is Dimensional Fund Advisors LP (the "Advisor"). SECURITY VALUATION The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below: .. Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) .. 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) Securities held by the Fund, including over-the-counter securities, are valued at the last quoted sale price at the close of the exchanges on which they are principally traded (official closing price). International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Fund that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the Fund values the securities at the mean of the most recent quoted bid and asked prices which approximates fair value. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy. Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Directors/Trustees. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Investment Committee of the Advisor) occur before the net asset value is calculated. When fair value pricing is used, the prices of securities used by the Fund may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. The Fund will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset value of the Fund is computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the Fund prices its shares at the close of the NYSE, the Fund will fair value its foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets' perceptions and trading activities on the Fund's foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Directors/Trustees of the Fund have determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Fund utilizes data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When the Fund uses fair value pricing, the values assigned to the Fund's foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. Futures contracts held by the Fund are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy. 2003 A summary of the inputs used to value the Fund's investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For the period ended January 31, 2015, there were no significant transfers between Level 1 and Level 2 and no significant Level 3 investments held by the Fund. FINANCIAL INSTRUMENTS In accordance with the Fund's investment objectives and policies, the Fund may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below: 1. REPURCHASE AGREEMENTS: The Fund may purchase certain U.S. Government securities subject to the counterparty's agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system with the Fund's custodian or a third party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. 2. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of securities held by the Fund may be inhibited. FEDERAL TAX COST At January 31, 2015, the total cost of securities for federal income tax purposes was $18,946,333,717, for the Dimensional Emerging Markets Value Fund. OTHER The Series are subject to claims and suits that arise from time to time in the ordinary course of business (for example, in The Tribune Company Bankruptcy, certain creditors have filed actions against all shareholders of The Tribune Company who tendered shares when the Tribune Company went private in 2007 in a leveraged buyout transaction, seeking the return of proceeds received by the shareholders). Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial position, our results of operations, or our cash flows, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. SUBSEQUENT EVENT EVALUATIONS Management has evaluated the impact of all subsequent events on the Fund and has determined that there are no subsequent events requiring recognition or disclosure in the Schedule of Investments. 2004 ITEM 2. CONTROLS AND PROCEDURES. (a)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 Form N-Q (the "Report"), the Registrant's Principal Executive Officer and Principal Financial Officer believe that the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the filing date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant's officers that are making certifications in the Report, as appropriate, to allow timely decisions regarding required disclosure. The Registrant's management, including the Principal Executive Officer and the Principal Financial Officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. (b)There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant's 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. (a)Separate certifications for the principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act are filed herewith. 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. DFA Investment Dimensions Group Inc. By: /s/ David G. Booth --------------------------------- David G. Booth Chairman, Director, President and Co-Chief Executive Officer Date: March 26, 2015 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/ David G. Booth --------------------------------- David G. Booth Principal Executive Officer DFA Investment Dimensions Group Inc. Date: March 26, 2015 By: /s/ David R. Martin --------------------------------- David R. Martin Principal Financial Officer DFA Investment Dimensions Group Inc. Date: March 26, 2015 EX-99.CERT 2 d886425dex99cert.txt CERTIFICATION CERTIFICATION ------------- I, David G. Booth, certify that: 1. I have reviewed this report on Form N-Q of DFA Investment Dimensions Group Inc. (the "Registrant"); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; 4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have: a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c. Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d. Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and 5. The Registrant's other certifying officer and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's Board of Directors: a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting. Date: March 26, 2015 /s/ David G. Booth --------------------------------- David G. Booth Principal Executive Officer DFA Investment Dimensions Group Inc. CERTIFICATION ------------- I, David R. Martin, certify that: 1. I have reviewed this report on Form N-Q of DFA Investment Dimensions Group Inc. (the "Registrant"); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; 4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have: a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c. Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d. Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and 5. The Registrant's other certifying officer and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's Board of Directors: a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting. Date: March 26, 2015 /s/ David R. Martin --------------------------------- David R. Martin Principal Financial Officer DFA Investment Dimensions Group Inc.